Daily Digest

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Daily Digest 9/17 - The True Cost of Raising Minimum Wage, Ocean Population In Half Since 1970

Thursday, September 17, 2015, 8:45 AM


The True Cost of Raising Minimum Wage (Tiffany B.)

We’re only just starting to see the ripple effect created by the demand for a significantly higher minimum wage. We can also ponder what might happen in the fast-food industry and other sectors with a low-wage business model. I don’t believe we’ll see lots of restaurants or other businesses close. There’s little evidence of that to date, even in Seattle where the $15 minimum wage has been on the books since April (and perhaps as many as 400 restaurants close each year for various other reasons).

Take it from a Hungarian journalist: Orbán is playing a dangerous game (jdargis)

The people here have never met a refugee, but they watch TV, read the news and listen to what the government says about the people arriving in their country. And the government of prime minister Viktor Orbán has had one message for months: the people arriving from the Middle East are not refugees, but illegal immigrants seeking European prosperity. Hungary’s leaders and state-financed media suggest that the country is under attack by a wave of migrants who want jobs, bring disease, do not respect European culture, attack women and who have terrorists among them. The fact that this is false for the majority of the refugees—that they do not even want to stay in Hungary—does not reach people, as Hungarian media has been dominated by Orbán’s narrative.

How the Banksters Play “Good Cop, Bad Cop” (richcabot)

You would be forgiven for thinking that such a screed came from some alternative market commentator, someone far outside the mainstream and likely to be branded as a fearmongering conspiraloon by the economic cheerleaders at CNBC. But the fact that it came from the Bank for International Settlements should actually not be surprising. As Ambrose Evans-Pritchard noted in his article on the BIS’ latest report: “The venerable BIS – the so-called ‘bank of central bankers’ – was the only global body to warn repeatedly and loudly before the Lehman crisis that the system was becoming dangerously unstable.”

How Would History be Written in Anarchy? (Steve R.)

So the only logically consistent position for someone who sees people as individuals, is anarchism. Nevertheless, as long as the state exists, politicians and their supporters will have an incentivize to continue their sloppy thinking. But what about the rest of the people? Most of them do not directly benefit from the state. So, why do they also see individuals primarily as members of groups? Why do they also oversimplify their mental representation of the world. I think the answer is bad education. We teach people to see groups instead of individuals.

Our Energy Problem Could Lead To A Major Debt Crisis (Tom K.)

Human energy can be leveraged with other energy in many other forms–the burning of wood (for example, for cooking); the use of animals such as dogs, oxen, and horses to supplement our human labor; the harnessing of water or wind energy; the burning of fossil fuels; and the use of nuclear energy. The addition of increasingly large amounts of energy products tends to lead to greater productivity, and thus, greater economic growth.

Crisis in global oceans as populations of marine species halve in size since 1970 (SailAway)

“But there are clear steps that all governments can take to restore our oceans. Creating networks of well-managed Marine Protected Areas is a proven way to enable wildlife and habitats to recover. Pushing for a strong global deal on climate change would help the seas sustain life far into the future. Taking serious steps to implement this year’s Sustainable Development Goals in the UK and abroad could help build a global economy that values natural capital, respects natural habitats and rewards responsible business.

Exxon's Own Research Confirmed Fossil Fuels' Role in Global Warming Decades Ago (Mark C.)

His presentations reflected uncertainty running through scientific circles about the details of climate change, such as the role the oceans played in absorbing emissions. Still, Black estimated quick action was needed. "Present thinking," he wrote in the 1978 summary, "holds that man has a time window of five to ten years before the need for hard decisions regarding changes in energy strategies might become critical."

A Huge Earthquake Just Shook Chile (Michael_Rudmin)

The earthquake was at a depth of 12.3 kilometers, which is relatively shallow for a large event like this. That means that the shaking was focused to be more intense over a smaller area than it would have been with a deeper earthquake. This earthquake shows the characteristics of a thrust earthquake, directly releasing stress along the primary boundary between the plates.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/16/15

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

AKGrannyWGrit's picture
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Joined: Feb 6 2011
Posts: 500




article on bats in agriculture.



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