Daily Digest

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Daily Digest 8/29 - Waste Into Waistcoats, The Green Rebuilding of New Orleans

Saturday, August 29, 2015, 10:47 AM

Economy

Gold Is the Best Insurance for Your Portfolio (Tiffany B.)

I’ll admit that Trump’s gold ain’t much of a hoard (for a billionaire). But how much do all of Trump’s GOP rivals own? Or Hillary and Bernie Sander? I’ll give you a hint, based on the publicly available data: If you don’t own any gold yourself and buy even a few ounces … you’ll possess more than all of them put together.

Consumer Anxiety in China Undermines Government’s Economic Plans (jdargis)

Many young middle-class Chinese who grew up during the nation’s glittering boom years, when double-digit growth was the norm, are suddenly confronting the shadow of an economic slowdown, and even hints of austerity.

Homes for the homeless (jdargis)

In every housing market, minimum wage is not enough to afford the average two-bedroom rental. Federal and state programmes to support and serve the mentally ill have been all but entirely dismantled. And the highest prison incarceration rate in the world has only further destabilised poor communities. For the most part, homelessness has been approached as a natural and inevitable plight of contemporary urbanity: a thing to be managed, not fixed.

Waste into Waistcoats: 3 Ways We’re Recycling Slaughterhouse Scraps (jdargis)

The process of turning slaughterhouse waste into biofuel has been around for awhile, but there are some newer innovations worth a look. Scientists at the University of Louisiana at Lafayette have developed a faster and less wasteful way to convert alligator fat into biofuel. Alligator farming has been growing rapidly across the Southeastern United States, and with that comes a lot of waste—15 million pounds per year, according to The New York Times. The new technique uses a continuous reactor instead of a batch reactor, speeding up processing, and doesn’t require a catalyst, which leads to less waste. The researchers are looking into whether other animal fats, such as chicken, pork, and beef, can be converted to biofuel through the same method.

In Alaska, Obama Will Be in Middle of Oil and Climate Change Battle (jdargis)

“I’d show him the number of employees we’ve laid off, the troopers we’ve laid off, the trooper stations we’ve closed, the brand-new helicopters that we’re putting into storage — taking the blades off because we can’t afford to operate them on search and rescue,” said Mr. Walker, a former lawyer and businessman who was elected last year as a political independent. “It’s real, and it’s not a slight adjustment.”

Federal judge blocks Obama’s water rule (thc0655)

“While the exact amount of land that would be subject to the increase is hotly disputed, the agencies admit to an increase in control over those traditional state-regulated waters of between 2.84 to 4.65 percent. Immediately upon the rule taking effect, the rule will irreparably diminish the states’ power over their waters,” he continued, calling the Obama administration's interpretation of its jurisdiction "exceptionally expansive."

The states and the federal government argued over how to judge the likelihood that opponents of the rule would win their case. But Erickson decided that the regulation is not likely to stand up to full court consideration.

The Green Rebuilding of Post-Katrina New Orleans (drbost)

'Green building means lower bills, fewer trips to the hospital for children with asthma'

Would warming stop after greenhouse gas emissions end? Not quite (jdargis)

Using their model, they simulated a scenario in which CO2 emissions grew 1 percent each year for 100 years, raising the atmospheric concentration from 286 to 745 parts per million, and raising temperature by 2 degrees Celsius. At that point, CO2 emissions dropped to zero. Then, they simulated nine more centuries, watching atmospheric CO2 drop back to 476 parts per million as it gradually moved into the ocean and natural reservoirs on land.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/28/15

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."

9 Comments

Arthur Robey's picture
Arthur Robey
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pinecarr's picture
pinecarr
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Posts: 2259
Too funny, Arthur!

Too true!!

saxplayer00o1's picture
saxplayer00o1
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Zombie Factories Stalk the Sputtering Chinese Economy
  1. Zombie Factories Stalk the Sputtering Chinese Economy
  2. China's finance minister defends intervention: 'We must take action'
  3. China to cap 2015 local government debt at $2.5 trillion: Xinhua

ECB stimulus should help lift inflation to target

MarketWatch-9 hours ago
FRANKFURT--The European Central Bank's stimulus policies should help bring ... Constâncio said in prepared remarks to the Federal Reserve Bank of Kansas ...

ECB Stimulus Should Help Lift Inflation Toward Target, Constâncio ...
Wall Street Journal-9 hours ago

 

 

Fed, ECB, BOE Officials All Say They See Inflation Rising

Bloomberg-5 hours ago
Federal Reserve Vice Chairman Stanley Fischer joined European Central Bank Vice President Vitor Constancio and Bank of England Governor Mark Carney ...

 

Time2help's picture
Time2help
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sand_puppy's picture
sand_puppy
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Posts: 2037
Helicopter Money Drop Required to Avert China Recession

And here it is....

Citigroup Chief Economist Thinks Only "Helicopter Money" Can Save The World Now
 

[A] purveyor of the status quo's view of the world - Citigroup's chief economist Willem Buiter - states that a global recession is imminent and nothing but a major blast of fiscal spending financed by outright "helicopter" money from the central banks will avert the deepening crisis.

China has bungled its attempt to slow the economy gently and is sliding into “imminent recession”, threatening to take the world with it over coming months....

Or translated from 'economist' to English - a massive helicopter drop of cash (well 1s and 0s) into the inflating hands of Chinese soon-to-be-consumers is all that can save the world from another recession... and The Chinese leadership may need to stare into the abyss before they actually pull the trigger. 

As foreseen by wiser minds.

Bankers Slave's picture
Bankers Slave
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Were all bored!

Time2help's picture
Time2help
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Time for Kali Ma to dance?
Quote:

Dance, dance, Oh Kali, Dance.

Destroyer of Illusions and Egos

And awake the Man

For his dreams are nightmares.

Filmed August 4th, 2015, Empire State building.

 

Time2help's picture
Time2help
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From IndiaTimes

Goddess Kali Takes Over Empire State Building In New York. And Its Breathtaking!

"In a breathtaking heart-to-heart, Ma Kali took New York last night. The Divine Feminine, Maha Shakti, goddess of spiritual death, destruction and resurrection, rode the zeitgeist straight onto the face of the Empire State Building.

Fierce protectress of truth, she tells it like it is, she beckons us to dive into the dark, to face the stark reality of the global ecological crisis upon us, and to let heartbreak be the ground from which we awaken and serve.

Perhaps it is even too late now, perhaps only calamity can make us silence the ego and hear the cries of the World Soul, perhaps destruction must be our baptism into change, but this is the time and we are the ones summoned to be the shamans of the Shift.

Never underestimate the power of holy darkness to reveal the Soul of all matters. The dark is where illusions are shattered, where false certainties are broken; the dark is where the mind is cut off so that only the heart can see… It is time to let holy darkness be our medicine. The world as we know it must change or perish.

In an unprecedented and awe-inspiring public display of art by filmmaker Louie Psihoyos and his team, Projecting Change, projected onto the NYC skyline , was meant to spark awareness of massive wildlife extinction, and be a chilling call to conservation turning the Empire State Building, New York’s brightest and most recognizable symbol and capitalism’s earliest totem, into the worlds greatest canvas, as well as its most epic tombstone and oracle of the Dark Feminine."  

-VeraDeCamembert

pinecarr's picture
pinecarr
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Banker's Slave, you might like this Zappa quote

I heard this on a podcast I listened to yesterday, and gained new respect for Frank Zappa:

“The illusion of freedom will continue as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.”
Frank Zappa

http://www.goodreads.com/author/quotes/22302.Frank_Zappa

The podcast was: http://www.tfmetalsreport.com/podcast/7097/a2a-dr-dave-janda

(I had to pay a ~$10 monthly fee to get access to the podcast, but that podcast alone was maybe worth it.  Much -but not all- of the other content is more technical analysis than I am into.)

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