Daily Digest

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Daily Digest 9/13 - The Real Cost Of Filling Up, The Art Of Insight

Sunday, September 13, 2015, 11:50 AM

Economy

The Art Of Insight In Science And Engineering (richcabot)

For many years, at the University of Cambridge and at MIT, I taught a course on the “Art of Approximation” organized by topics in physics and engineering. This organization limited the material’s generality: Unless you become a specialist in general relativity, you may not study gravitation again. Yet estimating how much gravity deflects starlight teaches reasoning tools that you can use far beyond that example. Tools are more general and useful than topics.

Sovereign Debt for Territory: A new Global Elite Swap Strategy (richcabot)

One often wonders why governments indebt themselves for so much more than they can ever hope to pay… Here, Western economists, bankers, traders, Ivy League academics and professors, Nobel laureates and the mainstream media have a quick and monolithic reply: because all nations need “investment and investors” if they wish to build highways, power plants, schools, airports, hospitals, raise armies, service infrastructures and a long list of et ceteras, economic and national activities are all about.

Sustainable development, science, and the UN (jdargis)

Colglazier writes that the 2015 UN Global Sustainable Development Report should act as a platform for continued interaction between scientists and policy makers. Doing so could help the policy officials develop a “science advisory ecosystem,” one that could encourage the use of science to inform sustainable development.

Mass Incarceration, Visualized (jdargis)

In this animated interview, the sociologist Bruce Western explains the current inevitability of prison for certain demographics of young black men and how it's become a normal life event. "We've chosen the response of the deprivation of liberty for a historically aggrieved group, whose liberty in the United States was never firmly established to begin with," Western says.

An eighth-grade boy’s ‘outrageous’ class schedule (jdargis)

Have you ever wondered what a student’s schedule looks like? After all, New Jersey Department of Education is laser-focused on standardized test scores and being college and career ready. How does New Jersey translate that into the lives of the young citizens of Newark?

A Newark dad shared his child’s schedule. To my suburban friends, can you ever imagine your child bringing home a schedule that looks like this? Or a superintendent selling this to you? No? Me neither. This is outrageous.

The Real Cost of Filling Up: Gasoline prices by country (jdargis)

This ranking sorts 61 countries by price, earnings needed to buy a gallon, and annual income spent on fuel.

Court revokes approval of insecticide, citing 'alarming' decline in bees (Wendy SD)

Janette Brimmer, who represented the beekeepers for Earthjustice, an environmental group, said the ruling affects the entire country and will force states to withdraw more local rules that have permitted the insecticide. Federal appeals courts "almost never" overturn EPA approvals of pesticides, Brimmer said. "This was a pretty significant decision," she said. "It revokes the registration, and it is a national registration."

Climate change impacts: The growth of understanding (richcabot)

In the late 1950s, a few scientists realized that the level of carbon dioxide gas in the atmosphere might be rising and suggested that the average global temperature might climb a few degrees Celsius before the end of the 21st century. Roger Revelle, the most senior of those researchers (figure 2), publicly speculated that in the 21st century the greenhouse effect might exert “a violent effect on the earth’s climate” (as quoted by Time magazine in its 28 May 1956 issue). He thought the temperature rise might eventually melt the Greenland and Antarctic ice sheets, which would raise sea levels enough to flood coastlines. In 1957 Revelle told a congressional committee that the greenhouse effect might someday turn Southern California and Texas into real deserts. He also remarked that the Arctic Ocean might become ice free. But everyone understood that it was all speculation, more science fiction than scientific prediction.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/11/15

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."

6 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Taxpayer funded

http://www.bloomberg.com/visual-data/gas-prices/20152:United%20States:USD:g

Subsidies.  

The world’s biggest and most profitable fossil fuel companies are receiving huge and rising subsidies from US taxpayers, a practice slammed as absurd by a presidential candidate given the threat of climate change.

http://www.theguardian.com/environment/2015/may/12/us-taxpayers-subsidis...

Which is a killer argument for subsidizing renewables. Or even throwing a few scraps towards the Cold Fusion boys researchers. (I was going to say boys,  but Pamela Mosier-Boss is doing fine work over at SPAWAR, last I heard.)

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
It would appear as if Tom

It would appear as if Tom Campbell is correct. I make this stuff up as I go along.

After we wrote about the matter recently, is even the record been made aware that the Silicon Valley-based Cold Fusion-Energy Company has been in Brillouin Norway. The company has had meetings with both politicians and several large Norwegian companies, including hot water tank manufacturer OSO Hotwater. The small Norwegian company Black Swan Technology currently working with to convey and get investors to Brillouin Energy. They offer investors to travel to the Brillouins development lab in Berkeley, so that they themselves should be able to measure their way to what the company believes is evidence of cold fusion

http://www.lenr-forum.com/forum/index.php/Thread/2018-Aftenposten-1-glas...

Thanks Alain.

Now it wouldn't be too hard for someone living near Berkley to pop in for a gander, given the importance of the subject,  now would it? Or are we going to stick with willful blindness? 

No matter, the money is beginning to flow.  I hear that the Norwegian Navy is interested. Good for them. It will do wonders for their subs. 

The Trouble is, you see, the facts just don't fit the theory.  So what's a poor scientist to do?  Believe his models or his lying eyes?

 

.

saxplayer00o1's picture
saxplayer00o1
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Posts: 4148
It's time to redistribute Japan's wealth

China grabs unused funds to spend on new projects as growth slows

Reuters - ‎30 minutes ago‎
"Overall, the economy is very weak and the central bank may have to continue cutting interest rates and banks' reserve requirement," said Zhou Hao, senior economist at Commerzbank AG in Singapore, adding he thought growth would dip below 7 percent in ...

China Benchmark Money Rate Near Two-Week Low as Data ...

Bloomberg-10 hours ago
China's benchmark money-market rate held near a two-week low on speculation the central bank will prevent funding costs from rising as data indicate the ...
 

China fixed-asset investment tumbles to lowest since 2000

Chicago Tribune - ‎19 hours ago‎
BEIJING — China's fixed-asset investment rose at the slowest pace in 15 years and industrial production trailed analyst estimates, raising further question marks over the effectiveness of government efforts to revive growth. Investment excluding rural ...
 

MarketsBrazil: recession seen deepening in 2015, 2016

Financial Times-2 hours ago
The Brazilian central bank's latest weekly survey of what private sector economists expect Latin America's largest economy to deliver is out. The picture isn't ...

Brazil Downgrade Leaves Firms With $270 Billion Debt Hangover

Bloomberg - ‎1 hour ago‎
Brazilian companies that piled on $270 billion in international debt during the boom years are seeing their funding costs rise after the nation's credit rating was cut to junk. The spread for five-year credit-default swaps to protect against a ...

UPDATE 2-Last chance for Brazil's Rousseff to save mandate ...

Reuters-13 hours ago
Folha also called for an end to some pension benefits and economic subsidies, as well as temporary cuts in health and education programs that are currently ...
 

Malaysia to Inject More Money Into Economy

Wall Street Journal - ‎3 hours ago‎
Last week, Malaysia's central bank said GDP would grow 4.5% to 5.5% for the year, down from last year's 6%. “I think the big questions now is whether the ringgit will be subjected to more pressure and that could come more from factors like the ...
 
 

Malaysia government bond sale draws fewest bids since December

The Edge Markets (press release) (registration) - ‎6 hours ago‎
The 4 billion ringgit ($928 million) sale of sovereign notes due 2019 had a bid-to-cover ratio of 1.53 times and an average yield of 3.759%, according to central bank data. That's the lowest ratio for a government bond auction since December, when a 3 ...
 

China's investment, factory output lower than expected

The Straits Times - ‎17 hours ago‎
"Overall, the economy is very weak and the central bank may have to continue cutting interest rates and banks' reserve requirement," he said, adding that he expected growth to very likely dip below 7 per cent in the July-September quarter. Some ...
 

Sluggish China Output and Investment Signal More Stimulus

Bloomberg-11 hours ago
... authorities to 3.2 trillion yuan ($500 billion) to help ease debt pressure. ... of local government debts, special financial bond and expedited bond issuance.

Turkish Lira Slides to Record as Bank Stocks Drop on Citi Cut

Bloomberg-1 hour ago
“The possibility of the Fed moving into a policy tightening phase, combined with the well-known reticence from the Turkish central bank to adjust its own policy, ...
 

India's Inflation Eases, Adding Rate-Cut Pressure on Rajan

Bloomberg-2 hours ago
India's two main inflation gauges showed a continued easing, adding pressure on central bank Governor Raghuram Rajan to cut interest rates for a fourth time ...
 

Draghi Seen Expanding QE by Economists Fearing Shallow Recovery

Bloomberg-9 hours ago
Mario Draghi's promise that the European Central Bank is willing to step up its stimulus if needed is resonating with economists, who see the euro-area recovery ...
 

Goldman Sees Yen Weakness as BOJ Moves Toward Increased ...

Bloomberg-10 hours ago
The common currency will decline to 95 cents next year as the European Central Bank expands its asset-buying program to meet its inflation goal, they wrote.

It's time to redistribute Japan's wealth

Nikkei Asian Review-10 hours ago
There are growing indications that the Bank of Japan needs to ease off its monetary reins even further. I believe that if the ongoing situation persists, the central ...

Rattled by JPMorgan Exit, Nigerian Bonds Now Face Downgrade Risk

Bloomberg-9 hours ago
s announcement last week that Nigerian debt will be removed from its ... a money manager at Aberdeen, who sold all his Nigerian sovereign debt last year, said ...

Global investors flock to Canada housing bonds amid bubble ...

The Globe and Mail-16 hours ago
The demand comes amid record household debt and lofty house valuations, which ... “Our rating of the banks and the sovereign take into account those risks.”.

RPT-INVESTMENT FOCUS-Brazil's credit downgrade may herald more 'fallen angels'

Reuters - ‎22 hours ago‎
Credit default swaps (CDS), which can be used insure against or to bet on national or corporate debt problems, forsee a wave of EM downgrades, according to an S&P Capital model called Market Derived Signal. "We will continue to see CDS spread pricing ...
 

Pimco, Fidelity Stung by Collapse of Petrobras's 100-Year Bond

Bloomberg-4 hours ago
That's four times the average loss for emerging-market company debt. ... S&P, which lowered Petrobras's rating one day after its downgrade of Brazil, signaled ...

Petrobras spending plan already obsolete, new cuts likely
Hellenic Shipping News Worldwide-17 hours ago

Fed Rate Increase Too Late for BlackRock, Alpine Muni Cash Funds

Bloomberg-2 hours ago
Tax-exempt money-market funds, which invest in high-rated, short-term debt and ... you know, the last thing we want is some sort of downgrade event to trigger a ...

Credit funds may face panic selling as default risks grow (India)

Economic Times-17 hours ago

"On an average, investors are now on high alert as and when any downgrade happens," said Rahul Goswami, chief investment officer, debt, ICICI Prudential

China, Brazil Among Emerging Markets at Risk of Bank Crisis

Bloomberg-5 hours ago
BIS separately said that the amount of international debt securities issued by emerging-market non-financial companies stood at $75 billion in the first half of this ...
 

China Inc. Resists Li Reform Push as Debt Swells Most Since 2012

Bloomberg-13 hours ago
Total debt at 1,003 Shanghai-traded non-financial firms increased 18 percent in the last 12 months, the fastest pace in three years, to a record 868.3 billion yuan ...
 

Polish Budget at Risk as Ruling Party Bids Up Campaign Promises

Bloomberg-5 hours ago
Compared with Poland's budget deficit plan of 46.2 billion zloty this year, such ... fiscal rules which force spending curbs if public debt tops safety thresholds.
 

China faces economic hard landing risk

Yahoo7 News - ‎15 hours ago‎
Still, gloomy perceptions of China are growing and the signs are troubling: a surprise currency devaluation, persistently weak manufacturing, and rising debt defaults, with a share price collapse to boot. Government meddling in the stock and currency ...
 

Finance Ministry urged to tackle rising national debts

The Korea Herald-6 hours ago
He criticized the authority for sitting idly while the fiscal deficit is snowballing. ... budget proposal for youth employment by 362.9 billion won, or 20.6 percent, ...

State Health Insurance Payments Could Be Stopped During Budget ...

Progress Illinois-22 minutes ago
Illinois payments to providers of health services for state workers, retirees and university staffers could be halted during the budget impasse, the Rauner ...

Pensions crisis: Millions are saving too little to avoid poverty in old age

Express.co.uk-16 hours ago
BRITAIN faces a pensions timebomb after it emerged almost half the ... Experts warned last night that the pension system faced meltdown unless drastic action ...

China banks' Q1 capital outflow $109 bln, may persist: BIS

Reuters - ‎Sep 13, 2015‎
Meanwhile yuan-denominated deposits held by the rest of the world at Chinese banks fell, amounting to a net outflow of almost $109 billion, the report added. While yuan deposits partially recovered in the second quarter, thanks to exchange rate ...

China's Stocks Decline Most in Three Weeks on Slowdown Concerns

Bloomberg-11 hours ago
... from equities on mainland and Hong Kong bourses during the week to Sept. 9, a ninth straight week of outflows, according to China International Capital Corp.

China's Yuan Positions Drop by Record Amid Currency Defense

Bloomberg-1 hour ago
Yuan positions at China's central bank and financial institutions fell by the most on record in August, a sign that policy makers stepped up intervention to support ...

Morgan Stanley's Sharma Sees `Long Winter' for Commodities

Bloomberg-2 hours ago
China's industrial slowdown is weighing on demand growth while a drop in currencies including the Russian ruble has shielded some companies from lower oil ...

When $2.8 trn is not enough: US govt rakes in record tax revenue ...

RT-2 minutes ago
The federal government has collected $2.8 trillion in taxes over the 11 months of the fiscal year 2015, almost $200 billion than the year before. This means ...

Fears grow over US stock market bubble

Nobel laureate Robert Shiller highlights risks of overvalued stocks

California's Sierra Nevada snowpack is the lowest in 500 years

USA TODAY-44 minutes ago
The snowpack in California's Sierra Nevada mountains this year has fallen to its ... The finding underscores the severe drought afflicting the state, bow in its ...

Drought fears: Lake Mead hits all-time low - USATODAY.com Video

usatoday30.usatoday.com/video/drought...lake-mead.../3726115398001

19 hours ago - Drought fears: Lake Mead hits all-time low. Nevada's Lake Mead, the nation's largest reservoir, has hit an all time-low since it was first filled in the 1930s, raising ...

 

 

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 418
Re: An eighth-grade boy’s ‘outrageous’ class schedule

Interesting, the entire day is devoted to what appears to be "useful" classes. Mostly Math and Science. The parent in the article complains there is no "Music", "Arts" or Sports. The Parent wants the curriculum dumbed down.

 

Yoxa's picture
Yoxa
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Joined: Dec 21 2011
Posts: 285
>> The Parent wants

>> The Parent wants the curriculum dumbed down

No way. Leaving out music, arts and sports IS the dumbing down!

The parent wants the curriculum to be broader and to include disciplines that will teach a variety of thinking skills and practical skills.

Students will learn better if they have some variety in what they focus on.

And they'll have a better chance to earn a living if their education doesn't give them tunnel vision.

 

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3159
TechGuy wrote: Interesting,
TechGuy wrote:

Interesting, the entire day is devoted to what appears to be "useful" classes. Mostly Math and Science. The parent in the article complains there is no "Music", "Arts" or Sports. The Parent wants the curriculum dumbed down.

"Dumbed down" is what has historically been called a liberal education.  It is the core of what education is supposed to encourage:  an informed populace that is able to think critically, interact socially, understand the issues of the day and generally conduct themselves as responsible citizens.  To some extent the emphasis on STEM education has diminished the public sphere where we interact as social and civic beings.

Our social structure has become atomized to a point where the village square as a focus of public participation in governing and socializing is a relic of the past.  Of course that is not solely the fault of STEM education, but a focus on the technical aspects of specialization to the exclusion of all else certainly doesn't foster an informed electorate or a socially responsible citizenry.

IMHO, we really need to get back to the ideal of the renaissance man (now person) to build the kind of culture that we strive for at PP.

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