Daily Digest

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Daily Digest 9/11 - Good News Friday: Feeding Homeless Preschoolers, Grief and Joy on 9/11 Anniversary

Friday, September 11, 2015, 10:11 AM

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

Economy

Since September 11, Threat of Terrorism Has Morphed (jdargis)

Richard Dearlove, head of Britain’s Secret Intelligence Service, known as MI6, from 1999 to 2004, points out that “some of what we worried about after 9/11 and were sure would happen — a dirty bomb, some sort of biological attack — didn’t happen.” That kind of strategic threat never materialized, in part because of good intelligence and the disruption of Qaeda networks.

Tribute in Light Captures Grief and Joy of 9/11 Anniversary (jdargis)

You can read them as a divine symbol or as abstract architecture or simply as an annual public art project. The pinstripes created by 88 lamps may remind you of the striations in the twin towers’ facades, or the rivulets in the memorial waterfalls, which may in turn suggest the passage of souls through space. Or not.

The point is: No one is telling you what to think. You are merely invited to do so. For free.

The Kids In The Yard (jdargis)

Federal law protects older homeless children by ensuring (formally, at least) that they are in or have access to school, but there is “not as strong a safeguard” for those younger than six, says Sheila Smith, the director of early childhood at the National Center for Children in Poverty at Columbia University’s Mailman School of Public Health. “They should be considered an exceptionally vulnerable group,” she adds.

Obama Increases Number of Syrian Refugees for U.S. Resettlement to 10,000 (jdargis)

The United States once offered refuge to tens of thousands at a time. In 1979, it provided sanctuary to 111,000 Vietnamese refugees and in 1980 almost doubled that number to 207,000. Around the same time, the United States took in more than 120,000 Cuban refugees during the Mariel boatlift, including more than 80,000 in one month alone.

Futurism Has Cultural Blindspot (jdargis)

But when it comes to culture we tend to believe not that the future will be very different than the present day, but that it will be roughly the same. Try to imagine yourself at some future date. Where do you imagine you will be living? What will you be wearing? What music will you love?

Why I Put My Wife’s Career First (jdargis)

After taking leave following the birth of each of our two sons, I returned to work assuming my career trajectory would not really change. I planned to make extra time for the kids by being more efficient at the office. If Anne-Marie and I functioned as equal co-parents, in the short term helping each other to cope with work deadlines and travel, and in the longer term trading off periods of being the primary parent, everything would surely turn out fine. Our children would thrive, and we would still be able to grab professional brass rings as they passed by. We had bought into the prevailing wisdom among other dual-career families we knew: 50–50 parenting was not just desirable, but doable.

Is This The Breakthrough Fusion Researchers Have Been Waiting For? (Tom K.)

Tri Alpha’s breakthrough is exciting for exactly that reason. The biggest innovations, the ones that change the world, are not easy – they are very hard and usually take years or even decades of research. It’s not clear if the new Tri Alpha machine will be the approach that finally works, but the fact that the company is trying new approaches and getting successful trial results matters. In fact, even Tri Alpha’s competitors seem to be taking notice.

Searching For Rice In The Wilds Of Australia (jdargis)

The collectors uncovered a bounty of the wild Oryza plants, which in time should help plant breeders adapt the world’s most important food crop to the challenges of climate change. Observing them, Hamilton discovered for herself a new relationship to the wild, and what it might mean for our domesticated lives. Read the full story at California Sunday magazine or on FERN’s web site, where you can also find our Q&A with Hamilton. The following photographs are an exclusive look inside the journey.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/10/15

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."

8 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
More of the same

Debt-to-income ratio ticks up to 164.6%, StatsCan reports

CBC.ca - ‎1 hour ago‎
The amount Canadians owe compared to their ability to pay it off rose to yet another record high last quarter, the national statistics agency says. Canada's debt-to-income ratio rose to 164.6 per cent at the end of June, from 163 per cent at the end of ...

Canada Household Debt Levels Rise to Record in 2Q

Nasdaq-3 hours ago
Net worth rose at a slower pace in the second quarter, compared to the previous three-month period, up 1.3% to C$8.55 trillion. Write to Paul Vieira at ...

Ottawa Faces $5-Billion Shortfall Next Year, National Bank Says

Huffington Post Canada-12 hours ago
The Parliamentary Budget Office (PBO) warned in July that the federal government could end up running a $1-billion deficit this fiscal year, before posting a ...

Alberta's oil and gas land sales revenue takes a beating

The Globe and Mail-19 hours ago
That compares with a high-water mark of $3.5-billion in 2011 as excitement in ... compared with $383-million in all of 2014 and a bumper year of $2.7-billion in ...

BOJ Stimulus Odds Rise for Next Month in Economist Survey

Bloomberg-14 hours ago
The Oct. 30 meeting -- when the central bank releases updated projections -- would be a " good opportunity" to boost stimulus, says ruling party lawmaker Kozo ...

S&P downgrades Puerto Rico's tax-backed debt

Reuters - ‎13 hours ago‎
The report, released Wednesday by a commission appointed by the governor, included a call for the restructuring of general obligation (GO) bond debt, which has strong support under the constitution and is typically considered untouchable in debt ...

Nearly one in three graduates would sell an organ to pay off student debt

Telegraph.co.uk - ‎11 hours ago‎
An even larger number said they would get rid of half of what they owned to be debt free, while 55 per cent would be prepared to endure the humiliation of turning their life into a reality show. Student debt is emerging as an issue in the presidential ...
 

Brazil reduced to junk as BRICs facade crumbles

Telegraph.co.uk - ‎18 hours ago‎
Investors have begun to shed holdings of Brazilian debt, afraid that some funds may be forced to eject Brazil from their indexes and liquidate holdings if a second agency joins S&P. Yields on 10-year domestic bonds spiked almost one percentage point to ...

As a Boom Fades, Brazilians Wonder How It All Went Wrong

New York Times-16 hours ago
The economy is expected to shrink almost 3 percent this year. For 2016 ... The economic slowdown in China is also limiting Brazil's maneuvering room. As Brazil ...

Banco do Brasil, Bradesco Among Lenders Cut to Junk by S&P

Bloomberg-15 hours ago

S&P reduced the country's debt rating to BB+ Wednesday and said there's a ... already grappling with what's predicted to be Brazil's longest recession since the ..

Treasury stands by its debt limit deadline, the Senate considers a 20-week ...

Washington Post - ‎50 minutes ago‎
DEBT LIMIT SET FOR LATE OCTOBER OR EARLY NOVEMBER. Treasury Secretary Jack Lew informed Congress on Thursday that they have until late October or early November to increase the debt limit or risk default. Power Post has more: “Treasury will ...

Figures on Government Spending and Debt

ABC News-18 hours ago
Figures on Government Spending and Debt. By The Associated Press. WASHINGTON — Sep 10, 2015, 4:08 PM ET. 0 Shares. Email. Star. 0 Shares. Email.

Districts face rating downgrades as impasse continues

Scranton Times-Tribune-9 hours ago
The district is looking at possibly refinancing debt, and a lower rating could mean a higher interest rate. “It's getting very difficult to fund everything we're doing ...
 

China's `New Normal' Is Getting Expensive as Stimulus Flows

Bloomberg-22 hours ago
The upbeat message is all part of a 'New Normal' narrative from China's ... as the economy transitions from relying on heavy industry and debt to one driven by ... with fixed asset investment of up to 10 trillion yuan ($1.57 trillion) over the next ...

Chinese Debt Hits $26 Trillion (Opinion)

Wealth Daily-19 hours ago
Worries over China continue developing as Western analysts finally awaken to the truth that exaggerated growth projections and rapidly escalating debt have ...

The Cost of Keeping China's Economy on Target

Bloomberg-11 hours ago
China is spending hundreds of billions of dollars in the biggest stimulus package since the 2008 global financial crisis. Bloomberg's Enda Curran reports on ...

China central bank ups flexibility in reserve requirement rules

Reuters-3 hours ago
The RRR is a main monetary policy tool in China, used to manage liquidity. As China's economy eases towards its slackest growth in 25 years, the PBOC has ...

China money rates down, bond yields up on week as injections ...

Reuters-7 hours ago
... large open market injections this week, netting 80 billion yuan ($12.55 billion). ... providing adequate liquidity to back massive debt refinancing this year.

Putin's Airline Rescue Creates Debt Trap for Strongest Companies

Bloomberg-8 hours ago
“An increase in the debt load due to the takeover of bankrupt companies, ... of acquiring Transaero and kept the ratings under review for further downgrade.

Turkish Central bank cannot sell lira at discount: Economy Minister

Daily Sabah-45 minutes ago
"With sharp losses in the Turkish lira's value, this debt has increased by $5.7 billion (17.5 billion liras) within the year. Companies made their loan calculation ...
 

Detroit school one-year notes priced at hefty 5.75 pct

Reuters-17 hours ago
The city exited bankruptcy last December after shedding about $7 billion of its $18 billion of debt and obligations. (Reporting by Karen Pierog; Editing by James ...

Indian Bonds Head for Weekly Drop on Outflows Before Fed Meeting

Bloomberg-8 hours ago
... debt in three months before the Federal Reserve reviews U.S. interest rates. Foreign holdings of the notes fell 23.2 billion rupees ($350 million) in the first four ...
 

Indonesian 10-Year Bond Yield Rises to Highest Level Since 2010

Bloomberg-10 hours ago
... of foreign ownership of its debt, make the country vulnerable to external shocks. ... Indonesia recorded a current-account deficit of $4.5 billion in the second ...
 

Plainfield's Batinick pitches new plan to trim Illinois pension debt

The Herald-News-19 hours ago
It's unclear how much money it would save the state, but the Plainfield Republican said Illinois needs to start taking "small bites" out of its roughly $111 billion ...

Europe faces war on two fronts

The Canberra Times-13 hours ago
The ECB is conducting €60 billion a month of quantitative easing. ... "religious war", wrecking monetary union in a Calvinist urge for the moral cleansing of debt.
 

Ringgit in Longest Losing Streak Since 1971 on Capital Outflows

Bloomberg-10 hours ago
Malaysia's ringgit rounded out its worst run of weekly losses in more than four decades as a drop in oil exacerbated the currency's decline amid capital outflows ...
 

Goldman's Next 11 Markets Are Sinking Even Faster Than BRICs

Bloomberg-12 hours ago
As investor pessimism spreads to the smaller developing economies, capital outflows are deepening. Exchange-traded funds that invest in emerging markets ...
 

S. Korea freezes interest rates at record-low

Xinhua-12 hours ago
... may lead to an abrupt foreign capital outflow from the local financial market. Market watchers predicted the U.S. Federal Reserve raising the interest rate within ...

Nearly one in three graduates would sell an organ to pay off student debt

Telegraph.co.uk - ‎11 hours ago‎
An even larger number said they would get rid of half of what they owned to be debt free, while 55 per cent would be prepared to endure the humiliation of turning their life into a reality show. Student debt is emerging as an issue in the presidential ...
 

Brazil reduced to junk as BRICs facade crumbles

Telegraph.co.uk - ‎18 hours ago‎
Investors have begun to shed holdings of Brazilian debt, afraid that some funds may be forced to eject Brazil from their indexes and liquidate holdings if a second agency joins S&P. Yields on 10-year domestic bonds spiked almost one percentage point to ...

Banco do Brasil, Bradesco Among Lenders Cut to Junk by S&P

Bloomberg-15 hours ago

S&P reduced the country's debt rating to BB+ Wednesday and said there's a ... already grappling with what's predicted to be Brazil's longest recession since the ..

Treasury stands by its debt limit deadline, the Senate considers a 20-week ...

Washington Post - ‎50 minutes ago‎
DEBT LIMIT SET FOR LATE OCTOBER OR EARLY NOVEMBER. Treasury Secretary Jack Lew informed Congress on Thursday that they have until late October or early November to increase the debt limit or risk default. Power Post has more: “Treasury will ...

Figures on Government Spending and Debt

ABC News-18 hours ago
Figures on Government Spending and Debt. By The Associated Press. WASHINGTON — Sep 10, 2015, 4:08 PM ET. 0 Shares. Email. Star. 0 Shares. Email.

Districts face rating downgrades as impasse continues

Scranton Times-Tribune-9 hours ago
The district is looking at possibly refinancing debt, and a lower rating could mean a higher interest rate. “It's getting very difficult to fund everything we're doing ...
 

China's `New Normal' Is Getting Expensive as Stimulus Flows

Bloomberg-22 hours ago
The upbeat message is all part of a 'New Normal' narrative from China's ... as the economy transitions from relying on heavy industry and debt to one driven by ... with fixed asset investment of up to 10 trillion yuan ($1.57 trillion) over the next ...

Chinese Debt Hits $26 Trillion (Opinion)

Wealth Daily-19 hours ago
Worries over China continue developing as Western analysts finally awaken to the truth that exaggerated growth projections and rapidly escalating debt have ...

China mulling over 1 trillion yuan in stimulus over 3 years: CICC

The BRICS Post - ‎8 hours ago‎
The move comes as China's economy is still growing at its slowest pace in 25 years with little sign of an immediate turnaround even after months of monetary easing. CICC said in its report that the stimulus is likely to drive a total potential ...

The Cost of Keeping China's Economy on Target

Bloomberg-11 hours ago
China is spending hundreds of billions of dollars in the biggest stimulus package since the 2008 global financial crisis. Bloomberg's Enda Curran reports on ...

China central bank ups flexibility in reserve requirement rules

Reuters-3 hours ago
The RRR is a main monetary policy tool in China, used to manage liquidity. As China's economy eases towards its slackest growth in 25 years, the PBOC has ...

China money rates down, bond yields up on week as injections ...

Reuters-7 hours ago
... large open market injections this week, netting 80 billion yuan ($12.55 billion). ... providing adequate liquidity to back massive debt refinancing this year.

Putin's Airline Rescue Creates Debt Trap for Strongest Companies

Bloomberg-8 hours ago
“An increase in the debt load due to the takeover of bankrupt companies, ... of acquiring Transaero and kept the ratings under review for further downgrade.

Turkish Central bank cannot sell lira at discount: Economy Minister

Daily Sabah-45 minutes ago
"With sharp losses in the Turkish lira's value, this debt has increased by $5.7 billion (17.5 billion liras) within the year. Companies made their loan calculation ...
 

Detroit school one-year notes priced at hefty 5.75 pct

Reuters-17 hours ago
The city exited bankruptcy last December after shedding about $7 billion of its $18 billion of debt and obligations. (Reporting by Karen Pierog; Editing by James ...

Indian Bonds Head for Weekly Drop on Outflows Before Fed Meeting

Bloomberg-8 hours ago
... debt in three months before the Federal Reserve reviews U.S. interest rates. Foreign holdings of the notes fell 23.2 billion rupees ($350 million) in the first four ...
 

Indonesian 10-Year Bond Yield Rises to Highest Level Since 2010

Bloomberg-10 hours ago
... of foreign ownership of its debt, make the country vulnerable to external shocks. ... Indonesia recorded a current-account deficit of $4.5 billion in the second ...
 

Plainfield's Batinick pitches new plan to trim Illinois pension debt

The Herald-News-19 hours ago
It's unclear how much money it would save the state, but the Plainfield Republican said Illinois needs to start taking "small bites" out of its roughly $111 billion ...

Europe faces war on two fronts

The Canberra Times-13 hours ago
The ECB is conducting €60 billion a month of quantitative easing. ... "religious war", wrecking monetary union in a Calvinist urge for the moral cleansing of debt.
 

Ringgit in Longest Losing Streak Since 1971 on Capital Outflows

Bloomberg-10 hours ago
Malaysia's ringgit rounded out its worst run of weekly losses in more than four decades as a drop in oil exacerbated the currency's decline amid capital outflows ...
 

Goldman's Next 11 Markets Are Sinking Even Faster Than BRICs

Bloomberg-12 hours ago
As investor pessimism spreads to the smaller developing economies, capital outflows are deepening. Exchange-traded funds that invest in emerging markets ...
 

S. Korea freezes interest rates at record-low

Xinhua-12 hours ago
... may lead to an abrupt foreign capital outflow from the local financial market. Market watchers predicted the U.S. Federal Reserve raising the interest rate within ...

Japan exports growth seen slowing in August as weak China saps ...

Yahoo7 News-9 hours ago
A slowdown in China, which has recently shown signs of deepening and roiled global financial markets, has knocked export-led economies including Taiwan, ...

WA resources industry value dives by $22 billion

The Daily Telegraph-6 hours ago
Western Australia wants the oil and gas sector to expand after the government went into the red for the first time in 15 years, booking a deficit of $1.3 billion for ...

 

Boomer41's picture
Boomer41
Status: Silver Member (Offline)
Joined: Nov 30 2008
Posts: 135
Tribute in Light

Why only two light beams? Three buildings collapsed on 9/11. WTC Building Seven collapsed at free fall speed into its own footprint and it was not hit by an aircraft.

thebrewer's picture
thebrewer
Status: Silver Member (Offline)
Joined: Nov 7 2012
Posts: 110
Missing the boat

Hey Sax, I think you missed the boat on the Good News Friday with that tidal wave of downer news;-)

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
A Critique of Economics

These are the ANSWERS to virtually any question, asked by any professor, in practically any course in the program.

(1) Maximize shareholders’ profits.

(2) Optimize stockholders’ dividend income and investment appreciation.

(3) Increase stakeholders’ wealth. 

http://stateofthenation2012.com/?p=16293

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1613
No light for WTC 7

Just smoke and mirrors, and change the subject. It's a fascinating study in mass psychology: the whole world doesn't want to look at the issue and especially the darker implications. So we don't look, though the ghost and free fall of WTC 7 stare us in the face.  Today I'm wondering why some of the US's un-friends don't hammer away at this and other similar "mysteries" as a way to weaken US corporate and military dominance by weakening public trust and support for them. For instance, instead of mindless mobs chanting "death to America" why doesn't Iran play up the possible official Saudi role in 9-11 and the possibility that some in US leadership knew of the plot, let it progress to completion, and took steps in advance to benefit/profit from it (eg. Rig WTC 7 to implode, destroy embarrassing documents in the building, and collect a fat insurance check).

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
A decade of deception

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 788
thc0655 wrote:Just smoke and
thc0655 wrote:

Just smoke and mirrors, and change the subject. It's a fascinating study in mass psychology: the whole world doesn't want to look at the issue and especially the darker implications. So we don't look, though the ghost and free fall of WTC 7 stare us in the face.  Today I'm wondering why some of the US's un-friends don't hammer away at this and other similar "mysteries" as a way to weaken US corporate and military dominance by weakening public trust and support for them. For instance, instead of mindless mobs chanting "death to America" why doesn't Iran play up the possible official Saudi role in 9-11 and the possibility that some in US leadership knew of the plot, let it progress to completion, and took steps in advance to benefit/profit from it (eg. Rig WTC 7 to implode, destroy embarrassing documents in the building, and collect a fat insurance check).

"Pay no attention to the man behind the curtain!" - The Wizard of OZ

Building 7 was the first steel framed building in history to collapse solely due to fire.  The commission never explained how, but no problem, for a lemming, right?

The missile size hole in the pentagon was caused by a much larger aircraft, that managed to hit dead center in a largely unoccupied, under construction section of the building, expertly flown by a barely trained terrorist.  The plane completely disintegrated on impact, leaving behind no identifiable plane wreckage.  There is absolutely NO video footage of the missile before impact!  How can you possibly question this thoroughly believable explanation?

Jim Rickards will tell you your disbelief is unpatriotic and absurd.  Religious leaders will tell you it's not Christian.

Think of the good that has come out of the official story.  There is Afghanistan, and the "Patriot Act."  Would you change any of that?

I love being X-Rayed, wanded AND frisked every time I board a plane.  The 85 year old woman in front of me SHOULD be randomly selected for extra scrutiny to protect my safety.  The TSA should have the right to confiscate finger nail clippers and reading forks if I foolishly put them in my carry on.

I feel so much safer with the NSA reading all my emails and listening to all my phone calls.

Those evil terrorists need to be stopped, at all costs!  Forget freedom, who needs it?

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 569
How high on the food chain do you want to be?

Well done, Saxplayer. How many more examples do we need to communicate that we are in a economic decline. How much farther into the future will we  be able to borrow to remain as inefficient as we are as a species. With Bloomberg out there saying oil may be down to $20 a barrel, it seems pretty obvious we are headed into a very long downward swirl. 

Sadly, the article about students willing to sacrifice an organ to pay off student loans, only indicates how naive we've become to think that a university degree will save us from reduced affluence. As energy dissipating organism, we are at the top of the pyramid when it comes to wastefulness. Perhaps we should all go back and listen to the interview of PP's Gail Tverberg interview last January. Maybe a couple more buckets of grain in the basement or a few more jars of pickles in the pantry would be a wiser investment.

Without trying to be an alarmist, perhaps the Syrian invasion of central Europe is just the most recent of the  barbarian invasions Europe is experiencing. Remember, it was the sack of Rome and not the destruction of Rome that is remembered. Are income and asset disparities usually the cause of conflict? Duh!

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