Daily Digest

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Daily Digest 9/25 - Good News Friday: Pope Francis' Message To Congress, Alpacas Help The Mentally Ill

Friday, September 25, 2015, 10:58 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

Pope Francis’ U.S. Visit Could Benefit Both Left and Right (jdargis)

“We are fully expecting that there will be some messages with which we may respectfully disagree or have differences, but that on many of the big-ticket items” the pope’s “essential messages will resonate very much with the president’s agenda,” said Charles Kupchan, an adviser to Mr. Obama. “And in that respect, we are hoping that his moral authority helps us advance many of the items that we take to be very high on our policy agenda.”

Transcript: Read the Speech Pope Francis Gave to Congress (jdargis)

Today I would like not only to address you, but through you the entire people of the United States. Here, together with their representatives, I would like to take this opportunity to dialogue with the many thousands of men and women who strive each day to do an honest day’s work, to bring home their daily bread, to save money and – one step at a time – to build a better life for their families. These are men and women who are not concerned simply with paying their taxes, but in their own quiet way sustain the life of society. They generate solidarity by their actions, and they create organizations which offer a helping hand to those most in need.

Francis and Sophie's secret: girl who hugged pope delivers immigration plea (jdargis)

Her letter, handed to Francis by security after their embrace, asked him to call on US lawmakers to pass comprehensive immigration reform so she and her family could stop living in fear of deportation.

“I want to tell you that my heart is sad,” Sophie said, reciting to the Guardian from memory the letter she had memorized in Spanish and English, just before she met the pope.

GOP lawmakers: Boehner to step down end of October (Nate)

Conservatives have demanded that any legislation to keep the government operating past next Wednesday's deadline strip Planned Parenthood of government funds, an argument rejected by the more pragmatic lawmakers. The dispute has threatened Boehner's speakership and roiled the GOP caucus.

Some conservatives welcomed his announcement.

The Good Soldier: Why a Suicidal Officer Had to Go AWOL to Save His Life (jdargis)

In a matter of days, Lawrence Franks would be someone else — who, he didn't know. But he was tired of being himself. He hated being an officer. More than that, he felt unworthy. Every day was a struggle to maintain the facade, to find reasons not to die. It had been that way nearly as long as he could remember, and it had gotten worse since he arrived at Fort Drum in upstate New York. "I just need to get away," he'd written Carney that night. "I'm too weak inside." He'd hidden his agony from everyone. Still, it was a miracle that no one had realized it — or maybe they had, he wasn't sure. What he did know was that if he stayed one more minute on base he would shoot himself.

Best Gold Stocks for this Rally. Speedo for Sept 24, Fall Rally Beginning Says Cartel Buster (denali)

This is represents a time where GDX gave us the first BUY signal since 2014, rendered yesterday. Since this is the more powerful, weekly chart of Breadth, not price, it does not show well here. But it is clear, the move has printed and has room for its LEGS to RUN.

China to announce cap-and-trade program, U.S. says (jdargis)

Joining forces on the issue even as they are bitterly divided on others, Obama and Xi will spotlight the shared determination of the leaders of the world’s two largest economies to forge a climate-change accord in Paris in December that commits every country to curbing their emissions.

A rechargeable battery to power a home from rooftop solar panels (Arthur Robey)

"This is chemistry I'd be happy to put in my basement," says Michael J. Aziz, Gene and Tracy Sykes Professor of Materials and Energy Technologies at Harvard Paulson School of Engineering and Applied Sciences (SEAS), and project Principal Investigator. "The non-toxicity and cheap, abundant materials placed in water solution mean that it's safe—it can't catch on fire—and that's huge when you're storing large amounts of electrical energy anywhere near people."

At This New Jersey Farm, Alpacas Help the Mentally Ill (jdargis)

At a time when alpacas could fetch thousands of dollars in sales, the animals were purchased by Fountain House to breed and sell, and the staff entered them into shows and competitions, which helped increase sales. Around 2008, when the breeding market faced a downturn, the organization turned to selling the alpacas’ fiber to ensure the animals’ financial viability.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/24/15

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

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4148
Repost Of Today's News

It's All `Perverted' Now as U.S. Swap Spreads Tumble Below Zero

Bloomberg-6 hours ago
That rate falling below Treasury yields -- the spread between the two being ... As speculation has swirled that China is selling shorter-maturity Treasuries while ...
 

Thailand''s Central Bank Darkens Outlook for 2015 Economy

Nasdaq-6 hours ago
BANGKOK--Thailand's central bank decided to again revise downward its economic growth projection for 2015 as the sluggish recovery continues. The Bank of ...
 

Nigerian firms in trouble as central bank measures backfire

Reuters-9 hours ago
Selected luxury items such as make-up or brown bread imported from Europe have become scarce in some shops as the central bank denies importers dollars, ...

Brazil Could Use Reserves to Damp Currency Volatility, Levy Says

Bloomberg-3 hours ago
Brazil could use part of its $370 billion in international reserves to contain market volatility, ... Brazil's central bank resumed new sales of swap contracts on Sept.

Goldman Warns Central Bankers Face Limits on Unorthodox Policies

Bloomberg-7 hours ago
The unconventional monetary policies of central banks often face limits because they could end up hurting as well as helping economies. That's the warning of ...

China central bank steps up cash injections before holiday as rates increase

Malay Mail Online - ‎Sep 24, 2015‎
China has lowered interest rates five times since November in an attempt to revive an economy that's expanding at the slowest pace since 1990. — Reuters picSHANGHAI, Sept 24 — China's central bank stepped up cash injections as a benchmark ...

China Money Rate Declines Most in a Month as More Easing Seen

Bloomberg-11 hours ago
China's benchmark money-market rate fell the most in a month after the central bank added funds to the financial system amid forecasts it will take further ...

China's Stocks Fall as Capital Outflows Hit Record in August

Bloomberg-11 hours ago
The offshore yuan rose the most in a week on Friday amid speculation the central bank is propping up the currency as Xi and President Barack Obama prepare ...

Shameless ECB's High Banknotes Finance Drug Deals, Goodhart ...

Bloomberg-3 hours ago
The central banks of the euro area and Switzerland are being shameless by issuing high-denomination banknotes that facilitate drug deals, Charles Goodhart ...

Interest rates to stay down as Bank of England's 'swing voter' rejects hike

The Independent - ‎15 hours ago‎
Pimco predicted inflation would crawl from nearly zero to 1.25 per cent over the next year– well below the European Central Bank's “close to 2 per cent” target. The fund predicted in its latest forecast that the ECB would be forced to increase bond ...

Less Than Zero: Japan's CPI Falls as Oil Rout Trumps Kuroda

Bloomberg - ‎14 hours ago‎
No economist in the Bloomberg survey expects price gains to reach the target in the central bank's stated time frame. Some BOJ officials see a growing likelihood the central bank will lower its inflation outlook and push back the schedule for reaching ...

Japan falls back into deflation for the first time since 2013

Financial Times - ‎14 hours ago‎
Japan has fallen back into deflation for the first time since April 2013 in a symbolic blow to prime minister Shinzo Abe's economic stimulus. Headline prices, excluding fresh food, were down by 0.1 per cent compared with a year ago in August, as ...

Japan's Shinzo Abe signals readiness to offer fiscal stimulus

Economic Times - ‎5 hours ago‎
TOKYO: Japanese Prime Minister Shinzo Abe said on Friday he was ready to respond flexibly to any downturns in the economy with additional policy measures, including further fiscal stimulus. He also stressed that achieving strong economic growth would ...

Japan govt downgrades outlook, highlights risks from China, US Fed

Reuters-15 hours ago
The dour assessment of the outlook comes at a sensitive time for the Bank of Japan. Some economists speculate the central bank could ease policy as soon as ...

French Negative Yields Show ECB Asserting Supremacy Over Ratings

Bloomberg-8 hours ago
With countries from Austria to Portugal facing updates on their credit ratings Friday, France has demonstrated this week that, for investors, central banks matter a ...

Fed Brings Relief to Emerging Markets as Stocks Pare Weekly Loss

Bloomberg - ‎3 hours ago‎
Emerging-market stocks rose for the first time this week as the Federal Reserve's readiness to raise interest rates in 2015 brought clarity to U.S. monetary policy and boosted confidence in the outlook for global growth. The rebound helped equities ...

Ringgit Losses Throw Back to 1998 as 1MDB Probes Spread to U.S.

Bloomberg-12 hours ago
The currency weakened beyond 4.39 against the greenback on Friday for the first time since the Asian financial crisis prompted Malaysia's central bank to ...

S. Korea to Cut Inflation Target by Around 0.5%, Economists Say

Bloomberg-16 hours ago
Having missed its inflation target for almost three years, the Bank of Korea will accept ... The target is a long way from what the central bank actually expects to ...

Won Heads for Biggest Weekly Drop Since 2011 on Stock Outflows

Bloomberg-13 hours ago
Overseas investors sold a net $850 million of shares this week, taking outflows this quarter to $6.97 billion, ... That's the lowest for 10-year debt since April 17.

Italy's Renzi May Find Reality Bites in Debt Reduction Struggle

Bloomberg-9 hours ago
... recession since World War II might reignite concerns among investors, despite the shield provided by the European Central Bank's bond-buying program.

Indonesia Central Bank to Announce Policy Package to Support Rupiah

Jakarta Globe - ‎6 hours ago‎
Indonesia's central bank will announce new policies aimed at increasing onshore supply of dollars, as part of the second installment of a stimulus package to support the shaky rupiah. Earlier this month, Indonesia's government unveiled the first ...

EM inflows lowest since late 1990s, hitting world growth -Citi

Reuters-Sep 24, 2015
The stimulus provided by central banks in developed economies is being offset by tightening liquidity in emerging markets. Total central bank asset purchases ...

Chicago okays $2.7 billion in bond sales amid credit rating warnings

Reuters-20 hours ago
CHICAGO Chicago is poised to issue more than $2.7 billion of debt amid warnings that its core credit ratings could be downgraded depending on the outcome of ...

One of Illinois' largest employer to lay off thousands, Chicago ...

Illinois News Network-6 hours ago
The corporation expects to earn $48 billion in 2015, $1 billion less than they had ... is almost entirely aimed at paying for the city's police and fire pension deficit.

Comptroller: Pension payments at risk; state may have to sell assets ...

Madison County Record-21 hours ago
A reporter asked if the state would declare bankruptcy in the event that it couldn't meet pension obligations, and she said the state cannot declare bankruptcy.

Thai Banks Face Biggest Default Since '97 as Steel Venture Fails

Bloomberg-13 hours ago
Siam Commercial Bank will make an extra 10 billion baht to 11 billion baht of provisions to account for the bad Sahaviriya Steel debt, and aims to minimize that ...

Puerto Rico's Bonds Overshadow Pension Fund Poised to Go Broke

Bloomberg-7 hours ago
Puerto Rico's $72 billion debt burden overshadows another financial threat to the Caribbean island: a government workers pension fund that's set to go broke in ...

Oil drillers face shrinking credit lines as banks revalue assets

Tulsa World-10 hours ago
Producers that defaulted on their debt from 1995 to 2012 still repaid every cent of their $1.27 billion in reserves- backed loans, according to a 2013 report from ...

Health care increases eyed again for state workers

The News Journal-2 hours ago
Projections show that state plan costs will rise past $1 billion by 2020, with ... the plan deficit," said Jessica Eisenbrey, a spokeswoman for the Delaware Office of ...

UPDATE 1-Mexico factory exports slump by most in over 6-1/2 years ...

Reuters-2 hours ago
Mexico posted a $2.01 billion trade deficit in August when adjusted for seasonal swings. In unadjusted terms, Mexico posted a trade deficit of $2.8 billion.

Russia Seen Testing Wide Policy Mix to Fix Budget Hit by Oil

Bloomberg-10 hours ago
... budget by assuming a deficit under 3 percent at an average oil price of $50 a barrel. ... 31, will run as low as $30 billion between now and the end of 2016, ...

Census Bureau: Public pension fund assets fall 1% in quarter

Pensions & Investments-20 hours ago
Corporate stocks, which make up 35.9% of the pension funds' total cash and security holdings, decreased 4% to $1.211 trillion from three months earlier; and ...

 

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Good news indeed: China announces measures to reduce carbon

To say it was a big week for those concerned about climate change would be an understatement.

http://www.bloomberg.com/news/articles/2015-09-25/china-just-took-away-our-biggest-excuse-on-climate-change

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Offline)
Joined: Jun 25 2014
Posts: 834
Survival Tip

Just got a variant of this from facebook... since this is good news Friday, I thought it might be okay for today.

Enjoy!
https://www.google.com/search?q=Homemaking+tips+egg+separator&espv=1&prm...

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Offline)
Joined: Jun 25 2014
Posts: 834
Dupe

The survival tip is: maintain a sense of humor.

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
Is this what American politicians have pledged an allegiance to?

HenstingAlpacas's picture
HenstingAlpacas
Status: Member (Offline)
Joined: Sep 30 2015
Posts: 1
Alpaca walking

HI what a great idea, we also own alpacas and we never thought about using them for weddings, but I think we will now change that after reading this, what we offer at the moment is alpaca walking and alpaca trekking which is really popular, you can take a look here and book online also http://www.alpacas-hampshire.co.uk and of course if you are interested in hiring alpacas for you wedding give us a call

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