Daily Digest

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Daily Digest 8/7 - Good News Friday: Job Growth Steady In July, Connecting Economic Growth to Renewable Energy

Friday, August 7, 2015, 10:24 AM

Welcome to Good News Friday, where we attempt to find some good economic, energy, and environmental news and share it with PP readers. In the future, please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

A Foxy, Rowdy Republican Debate (jdargis)

But Fox accomplished something important. It prevented the Republican contenders from relying on sound bites and hewing to scripts that say less about their talents and more about the labors of their well-paid handlers.

Job Growth Steady in July, Possibly Easing Path for Fed Action (jdargis)

Average hourly earnings rose 0.2 percent in July, about what was expected but better than in June, when wages were flat. Over the last 12 months, wages have risen at an annual rate of 2.1 percent, not much more than the underlying rate of inflation and one reason many workers remain frustrated with what has been a fitful recovery.

July Jobs Report: Everything You Need to Know (jdargis)

Federal Reserve officials lately have been pretty upbeat about the economic outlook, a key reason they are talking about raising short-term interest rates as soon as September. Our colleague Jon Hilsenrath writes that the expectation of economists surveyed ahead of today’s jobs report — payroll employment gains of 215,000 and an unemployment rate of 5.3% — would likely enough to satisfy the Fed’s view that the job market is producing solid gains. In fact, even a disappointing report might not be enough to dissuade Fed officials from their view.

Could a Common Plant Be the Future of Renewable Energy? (jdargis)

These “high functioning photo bioreactors” are then able to generate heat and light as part of a self-sustaining system that also filters the air, and provides nutrient and waste control to the algae, allowing them to thrive and multiply. Like an Ikea showroom gone rogue, the exhibit contains a dining room, living room, and “concealed control center”—all powered by algae.

One Week, $2 Billion Invested In This Next Energy Hotspot (Tom K.)

Of course, all of this is great news for U.S. natural gas producers. Who are seeing a potentially huge source of demand emerging as pipelines into Mexico open up. By some estimates, Mexican consumers could take up to 10% of total U.S. natgas production over the next two to three years.

Whether midstream or E&P, this is a space that's going to create some of the biggest shifts -- and opportunities -- in global energy markets. Stay tuned.

Molecular trick alters rules of attraction for non-magnetic metals (Arthur Robey)

Almost all metals can be made to temporarily respond to magnetism, albeit some extremely weakly, known as paramagnetism and diamagnetism. But only iron, cobalt and nickel can become permanent magnets, known as ferromagnetism. A common example of a ferromagnet is a fridge magnet.

Countries Big and Small Are Connecting Economic Growth to Renewable Energy, and It's Working (thebrewer)

The United Kingdom saw the steepest single-year drop in greenhouse gas pollution in more than two decades in 2014, according to government data released on Thursday. The country's carbon emissions fell 8.4 percent, even as its economy grew by 2.6 percent.

The decline in carbon emissions was the largest ever in a year when the U.K. economy expanded, according to The Carbon Brief.

How To Build a Three-Bin Composter (jdargis)

To compost, toss a thick layer of carbonaceous material, such as brown leaves, straw, or wood chips, into the first bin. Shovel nitrogen-rich material, including grass clippings, manure, and kitchen scraps (no meat or bones), on top of the browns and cover with another layer of carbonaceous material. When it has begun to decompose, turn the material into the next bin. Use the now-empty first bin to start the cycle over, moving and turning compost until it finishes “cooking” in the third bin.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/6/15

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

19 Comments

Tall's picture
Tall
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New Monarch Butterfly Studies May Provide Reasons for Optimism

“This group of papers is intended to give us the latest and best data available on the status of monarch populations and perhaps point the way to our best efforts to protect them,” said Lawrence E. Hurd, editor-in-chief of the journal.

Unlike many past studies that relied on monarch populations in Mexico, where they overwinter, the authors of these studies observed monarch populations in Canada, Michigan, Pennsylvania, and other U.S. states. Results vary, but some studies found no significant declines of monarch populations in their summer breeding areas.

http://entomologytoday.org/2015/08/05/new-monarch-butterfly-studies-may-provide-reasons-for-optimism/

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saxplayer00o1
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Good morning, Peak Prosperity

Headlines:

  1. China's muni bond market shows signs of stress after auction undersubscribed
  2. China's bad loans grew to RMB1.8tn in H1
  3. China Reserves Fall in July as PBOC Steadies Yuan Amid Outflows
  4. China's FX reserves fall by $42.5 bln in July -c.bank
  5. China Central Bank to Use Monetary Tools to Ensure Sufficient Liquidity
  6. China central bank warns of economic weakness due to reforms
  7. China's central bank warns about rising debt levels
  8. China has spent $147 billion to prop up stocks: Goldman Sachs
  9. China CSF Said to Seek $322 Billion More Funding to Boost Stocks
  10. China funds hold $161 billion in 'ammunition' to re-enter stock market: state media
  11. As China Reduces Local Spending, Cities Woo Private Investors
  12. China's ballooning debt problem: Hundreds of cities in precarious financial state
  13. Over 20 Million Small Investors Fled China Stock Market After Crash: Report
  14. Slowest growth since 2008, recovery signs showed (China)
  15. China’s Stock Crash Is Spurring a Shakeout in Shadow Banks
  16. BOJ stands pat, upbeat on economy despite expected second-quarter contraction
  17. Bank of Japan holds fire on stimulus despite tepid inflation
  18. Japan's economy probably shrank in second quarter on weak exports, private spending
  19. Malaysia Reserves Slide Below $100 Billion Amid Ringgit’s Plunge
  20. Malaysia scandal fuels fastest foreign exodus as stocks sink
  21. Ringgit and real lead emerging currency rout
  22. Brazil’s Consumer Prices Climb More Than Forecast in July
  23. Brazil inflation rate hits 12-year high
  24. Ambev Leads Brazilian Stocks Lower as Central Bank Supports Real
  25. Brazil’s Central Bank to Increase Foreign-Exchange Intervention
  26. Economists Think Brazil Will Get Downgraded to Junk in the Next Few Years
  27. Top Brazil hedge fund Verde says country 'flirting with an abyss'
  28. Central Banker Says Peso Drop Risks Colombian Inflation Goal
  29. Mexico's peso tumble poses inflation risk -cenbank deputy
  30. Shadow Banking Draws Canadians Where U.S. Banks Are Warned Away
  31. Thirty-Day Fixes Sought by Indian Borrowers as Loan Growth Slows 150
  32. Puerto Rico Shows Perils of Muni Bonds Backed by Empty Promises
  33. Hedge funds foiled by Europe's distorted debt market
  34. The U.S. Treasury next week will sell $88 billion in new debt and $24 billion in reopened bills
  35. Billionaire Mottas Try Getting Trapped Money Out of Venezuela
  36. At 38-year low, participation rate may have found footing
  37. UK pension liability hedging strategies total 657 billion pounds in 2014
  38. Detroit's county opts for consent agreement for fiscal fix
  39. Foreign investors exit Thai stocks, bonds as economy flounders
  40. Carnage in Junk-Rated Energy Bonds Returns With Plunging Oil
  41. U.S. Fed buys $7.7 billion of mortgage bonds, sells none
  42. Mayor Emanuel Responds to Rauner's Challenge (Illinois)
  43. Falling interest rates nip largest pension plans' funding levels

 

saxplayer00o1's picture
saxplayer00o1
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pinecarr's picture
pinecarr
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I hope they are right, Tall

I haven't seen a single monarch butterfly yet this summer.  They used to be a very common summer sight around here, as long as I can remember.  Their absence is noticeable. 

On a brighter note, while I hadn't seen many honeybees earlier this spring and summer, the last few weeks I have been seeing them more frequently in the clover and wildflowers.   They are a welcomed sight!

Doug's picture
Doug
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Republican so-called debate

I watched the varsity debate, but did not watch the JV debate.  Not once in the varsity debate was the word climate mentioned by anyone.  I find it stunning that a debate between the frontrunners of a presidential campaign can discuss supposedly important issues for two hours and not even mention THE issue of our time.

Of course, we shouldn't be surprised.  It was FOX news that put on the debate between Republican candidates.  Deniers one and all.  Sad, very sad.

saxplayer00o1's picture
saxplayer00o1
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cmartenson's picture
cmartenson
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Thank you saxplayer...

...you are posting increasingly awesome headline collections of late...many thanks!!

pyranablade's picture
pyranablade
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Monarchs and Bumblebees

For the record - I've been seeing lots of bumblebees and also quite a few monarchs here in 2015.

I'll take some of the credit for planting purple coneflower, goldenrod, and many other wildflowers on my own property. But this afternoon, while at work, I looked out the window to see a Monarch flying around among red pines - no flowers in the area.

Yeah our environment is in bad shape. But if we commit to bringing it back the potential is still there.

Tall's picture
Tall
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pyranablade wrote: Yeah our
pyranablade wrote:

Yeah our environment is in bad shape. But if we commit to bringing it back the potential is still there.

Yes, we can all do our part to make a difference. Plant milkweed!

 

On an ironic note:

Through funding provided by Monsanto, we will be able to offer 100,000 free milkweed plugs for large-scale restoration projects in June and September of 2015 and through spring and fall 2016. Applicants for these free plugs are asked to describe the site. We would like to know the type of habitat (roadside, old field, prairie restoration, etc.), its location (including a picture and approximate latitude and longitude), along with a brief description how the site will be maintained. We would also appreciate it if your group would provide us with pictures taken during or after the planting. While the plugs are free, the recipients must agree to cover the modest shipping costs described below. For more information on Monsanto’s monarch program please visit:news.monsanto.com/press-release/giving/monsanto-announces-multi-year-commitment-help-monarch-butterflies.

saxplayer00o1's picture
saxplayer00o1
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Thanks, Chris

Thanks for the comment above.

 

 

While I don't tend to quote David Stockman I would say this sums things up fairly well:

 

 

 

"Stockman, whose past claims have yet to come to fruition, still believes that the excessive monetary policy from central banks around the world has created a "debt supernova," and all the signs point to "the end of the central bank enabled bubble," which could cause a worldwide recession.
"The larger picture has nothing to do with the jobs report [Friday] or even the September decision by the Fed," said Stockman. "It has to do with the the fact that the world economy, including the U.S., is heading into what is clearly going to be an epochal deflation to the likes of what we have never experienced in modern time."

According to Stockman, it's only a matter of time before the collapse in China (Shanghai Stock Exchange: .SSEC) trickles down to other markets. "The whole global economy since 2008 has been driven forward by this massive investment and construction and borrowing spree in China," said Stockman. "The point that I'm making is that it's over.""

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KugsCheese
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Isn't Brent Oil lower today

Isn't Brent Oil lower today than in  2008/2009 when adjusted for inflation?

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HughK
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Doug wrote:Of course, we
Doug wrote:

Of course, we shouldn't be surprised.  It was FOX news that put on the debate between Republican candidates.  Deniers one and all.  Sad, very sad.

True enough, Doug, and I was thrown into political preferences that are sympathetic to your own. The problem is that I don't know how much of a practical difference there is between denying climate change because it clashes with ideology, as so many of the Reps do, and acknowledging climate change with solemn nods - as the Dems do - and then basically ignoring the issue.

That big panel of candidates that was on last night, plus our current President, and Hillary, are not much more different from each other than crew members manning different posts on the Titanic. Each may seem to be doing something different, but in terms of the big issues we face, all of them will leave us drifting in the fog among the icebergs.

I don't mean to suggest there is no hope at all in political responses to the Three E's, but any hope that there is for getting national institutions to act constructively is most likely predicated upon moving past the "look what's wrong with them" partisan model.

 

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jonesb.mta
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Monarch Butterflies

We're in South Dakota, 3 miles from the Minnesota border, and we have more Monarchs this year than we've had during the last three summers.

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KugsCheese
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jonesb.mta wrote: We're in
jonesb.mta wrote:

We're in South Dakota, 3 miles from the Minnesota border, and we have more Monarchs this year than we've had during the last three summers.

I am seeing a lot, and I mean A LOT, of large dragon flies this year on South Western Lake Michigan area.

Phaedrus the younger's picture
Phaedrus the younger
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several monarchs here in SW Ontario

We didn't touch the milkweed this year and it may be a factor in our sightings....

pinecarr's picture
pinecarr
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It's good to hear others are seeing monarch butterflies

And dragonflies!  I am in the northeast US, in central NY (rural).  This is at least the 2nd year I've seen few/no monarchs here.  I am encouraged to hear others are seeing them in numbers, though!

 

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Arthur Robey
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More good news from Cold Fusion. (confusion?)

Dobra den PP. Beautiful sunny Saturday in Adelaide.

Just in from my inbox. Things are getting very confusing down there at the atomic level. There appears to be an overlap between muon induced fusion, laser fusion and cold (LENR) fusion. Here is an excerpt from a very turgid, but not unreadable paper by someone about to become famous,Leif Holmlid

where fusion is spontaneous. If this transition to level s = 1 can take place spontaneously, a spontaneous fusion process is possible similar to the ones named LENR (Low Energy Nuclear Reactions).29,30 Several studies have proved the formation of MeV particles from D(0) during laser impact 

http://scitation.aip.org/content/aip/journal/rsi/86/8/10.1063/1.4928109

What do you make of that?

Here is Professor Sveinn Ólafsson's comment

How can single fusion 24MeV/c^2 event create a 105MeV/c^2 particle???  the only way out of this dilemma is? Entanglement and condensation perhaps? 

And 

At this day 70 years after Hiroshima bombing can the nuclear force finally be peacefully entangled outside the nucleus?
 
Research Professor
Dr. Sveinn Ólafsson
Science Institute 
University of Iceland
Dunhaga 3
107 Reykjavik
Iceland
 
""There is nothing more exciting to a scientist than to hear somebody say "that's strange" in a lab.""
 
You want to jump into the deep end you can ask the professor questions. 
 
http://www.lenr-forum.com/forum/index.php/Thread/1853-Ask-questions-to-Dr-Sveinn-%C3%93lafsson-Science-Institute-University-of-Iceland/?postID=6638#post6638

 

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Arthur Robey
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More good News

The solar industry employs more people than Coal.

Source.

http://reneweconomy.com.au/2014/solar-industry-provides-far-more-jobs-in...

LesPhelps's picture
LesPhelps
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Posts: 788
Monarchs

I have seen three behind my house in Southern Wisconsin in the last week.

When I was growing up in North Texas, I would see seemingly endless clouds of them during migration.  I haven't lived there in decades, so I don't know what the migration is like now.

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