Daily Digest

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Daily Digest 9/26 - The Real Cost Of Health Care, Is Deutsche Bank The New Lehman Brothers?

Saturday, September 26, 2015, 9:47 AM

Economy

What Are a Hospital’s Costs? Utah System Is Trying to Learn (Adam L.)

The effort is attracting the attention of institutions from Harvard to the Mayo Clinic. The secretary of health and human services, Sylvia Mathews Burwell, visited last month to see the results. While costs at other academic medical centers in the area have increased an average of 2.9 percent a year over the past few years, the University of Utah’s have declined by 0.5 percent a year. “We have bent the cost curve,” Dr. Lee said.

Legislator Says Gift Ban Violates His Freedom of Speech (richcabot)

Corporations have increasingly turned to new interpretations of the First Amendment as a legal strategy. Bond-rating agencies that gave high grades to toxic mortgage-backed securities claimed in court that doing so was their First Amendment right. Lobbyists have argued that food-labeling laws undermine the meat industry’s right to free speech. And similarly, AT&T recently argued that net neutrality violates the ISP industry’s First Amendment rights.

Deutsche Bank – the New Lehman Brothers? (Aaron M.)

The potential financial chaos to the other side of 2015.75 is just mind numbing. Since Germany has been regarded as the primary driving force holding the euro and Europe together, one can only close their eyes to vision what comes in the aftermath. So pay attention here. These are critical indications within the core economy of Europe. We are not talking about Greece here. The structure of the euro undermined the entire banking system of Europe far more profoundly than in the United States, where reserves are only in U.S. federal debt, not the debt of all member 50 states. This is the major difference between European banking and U.S. banking.

Student accused of being a terrorist for reading book on terrorism (richcabot)

The episode sheds light on how universities are coping with the demands of the government’s new anti-extremism Prevent initiatives, which came into effect this week in response to concerns that campus hate speech was radicalising young people. Some schools are also struggling with the implementation of Prevent. It emerged this week that a 14-year-old boy was questioned about Islamic extremism following a classroom discussion about environmental activism at his north London school.

China Deflation Watch: Now Comes ‘An Ocean Of Diesel’ Exports (Aaron M.)

Refining profits, or cracks, from making diesel in the Asian oil trading hub of Singapore have shrunk about 30 percent from a year ago as exports from China, India and the Middle East create an oversupply, according to Ehsan Ul-Haq, an analyst at KBC Advanced Technologies in London.

“The world is becoming an ocean of diesel,” said Ul-Haq. “Demand in China is not as high as it was previously expected. Chinese refiners are becoming more export oriented.”

Starbucks Falls Short After Pledging Better Labor Practices (richcabot)

“We’re the first to admit we have work to do,” said Jaime Riley, a company spokeswoman. “But we feel like we’ve made good progress, and that doesn’t align with what we’re seeing.” Ms. Riley maintained that all baristas now receive their schedules at least 10 days in advance.

Mayor Rahm Emanuel Urges Tax Increases to Mend Chicago’s Finances (richcabot)

But the proposed tax increases, as well as new garbage collection fees, taxes on e-cigarettes and increased charges for taxis and ride-hailing services, brought criticism from some members of the Council, and from Chicagoans loath to pay more for city services at a time when the state of Illinois and the Chicago school system are facing their own fiscal crises.

German Finance Minister Schäuble spins why Greeks have to pay back loans and Germany doesn’t (richcabot)

On Greece paying its debts, he said: “The problem of Greece is not the problem of whether former Greek governments have been a better legitimization than the given government. That is always in democracies. The people elect in a parliament or a president and then this is a given government, and the next government has to take liability from the former government. Otherwise, you can’t—it’s difficult to get the world in a—in a civilized—(inaudible).

Apple's App Store Got Infected With The Same Type Of Malware The CIA Developed (richcabot)

The researchers boasted that they had discovered a way to manipulate Xcode so that it could serve as a conduit for infecting and extracting private data from devices on which users had installed apps that were built with the poisoned Xcode. In other words, by manipulating Xcode, the spies could compromise the devices and private data of anyone with apps made by a poisoned developer — potentially millions of people.

After Volkswagen Revelation, Auto Emissions Tests Come Under Global Scrutiny (jdargis)

Volkswagen has admitted installing software in 11 million vehicles that was used to provide false results about emissions, though it was not clear if it was used in all countries where the cars were sold. But the breadth of the scandal could finally threaten to bring change to an industry with a record of cheating since cars were first regulated.

"Doomsday" Arctic Seed Vault Tapped For First Time In History As Syrian Civil War Threatens Biodiversity (reflector)

As far-fetched as that might sound on the surface, the threat is apparently real enough to have prompted the first withdrawal in history from a seed bank built into the side of a frozen mountain.

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."

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pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
The UN Unveils Plan Pushing For Worldwide Internet Censorship

Well this is disturbing!  From ZH: http://www.zerohedge.com/news/2015-09-26/un-unleashes-plan-pushing-worldwide-internet-censorship

Fresh off the scene from those two epic embarrassments, the UN now wants to tell governments of the world how to censor the internet. I wish I was kidding.

From the Washington Post:

On Thursday, the organization’s Broadband Commission for Digital Development released a damning “world-wide wake-up call” on what it calls “cyber VAWG,” or violence against women and girls. The report concludes that online harassment is “a problem of pandemic proportion” — which, nbd, we’ve all heard before.

But the United Nations then goes on to propose radical, proactive policy changes for both governments and social networks, effectively projecting a whole new vision for how the Internet could work.

Under U.S. law — the law that, not coincidentally, governs most of the world’s largest online platforms — intermediaries such as Twitter and Facebook generally can’t be held responsible for what people do on them. But the United Nations proposes both that social networks proactively police every profile and post, and that government agencies only “license” those who agree to do so.

People are being harassed online, and the solution is to censor everything and license speech? Remarkable.

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
Are You Preparing for the Long Game? | David Morgan

Interesting interview on the Reluctant Preppers Channel. Especially at 11:38, where David Morgan (silver investor) talks about what people need in terms of self-reliance to prepare for the "reset" that's coming.  -I find it interesting to see how many smart people, from different perspectives, come to the same conclusion.

 

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
Short Term Problems, Long Term Disasters

And another article bringing a useful perspective on prepping...http://www.alt-market.com/articles/2704-short-term-problems-long-term-disasters

 

boatinstorm.jpg

This article was written by Tom Chatham and originally published at Project Chesapeake

In the coming days we will ultimately see very many problems and disasters that take many by surprise. This article is not to diminish the potential severity of these coming events but to help you realize the more important aspects of these events.

If you are on the ocean and your boat gets a hole in it, you will likely sink eventually if you cannot prevent the boat from filling with water. That event in itself may seem like a disaster at the time but when taken in context with other events taking place, how serious is that hole?

The future will provide you with many events that you must navigate and to do so you must be able to see them clearly for what they are and determine which is the most dangerous. The question soon becomes, what requires more attention, the hole in the boat, the circling shark or the tidal wave heading in your direction?

 

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