Daily Digest

Image by dcJohn, Flickr Creative Commons

Daily Digest 10/4 - Satellite Internet Gets Fresh Look, The Decline Of 'Big Soda'

Sunday, October 4, 2015, 10:22 AM

Economy

Can we keep our technology from slipping out of control? (jdargis)

And he is ok with that—he does not want to curb scientific inquiry or discovery. He just doesn't want us adopting technologies blindly. As of now, that seems to be exactly what we're doing. Too many potentially dangerous, or at the very least highly controversial, technologies become facts on the ground before the public is even aware of them. The public—meaning us—never gets the chance to reflect on the utility of these innovations and debate whether or not they're worth it.

Lawrence Wilkerson: The Travails of Empire @ Lone Star College Kingwood (Doug A.)

The speech covered National Security, Climate Change, Interminable War, Debt, Immigration, Inequality, racism, and much more. The speech is striking in its honesty. It is likely poignant to Republicans who have bought into rationalization of the intransigence of the Republican Party.

Satellite Internet gets a fresh look, cash infusion (Arthur Robey)

The projects seek to launch hundreds of low-orbit satellites to beam the Internet from space. The initial costs could be high, but would avoid the expense of building ground-based systems for wired or wireless broadband.

If the plans sounds familiar, we've seen this before.

Did World War III Start on the Precise Day of the ECM? (Aaron M.)

Russian warplanes have been targeting rebels trained by the U.S. Central Intelligence Agency exposing US policy placing Moscow and Washington on opposing sides in a Middle East conflict for the first time since the Cold War. This should be a great concern because whatever has been the focus on the precise day of the ECM is what becomes the important event. As the economy in Russia turns down, the government needs a distraction and this is it. We will see the same trend emerge in the USA when the economy turns down for war is necessary to distract the people from the non-establishment candidates for 2016 and the social defaults as well as the need to raise taxes for war.

The ECM Turning Point — Sept. 30/Oct. 1 — Guns & War? (Aaron M.)

The unleashing of Russian firepower in Syria in support of the Syrian government came precisely on the day of the Economic Confidence Model. I have come to learn from observing this model that major world events, whatever the major focus may be, appear to line up with the ECM.

How They Got Their Guns (jdargis)

Christopher Harper-Mercer, 26, killed nine people at Umpqua Community College in Oregon, where he was a student. He was armed with six guns, including a Glock pistol, a Smith & Wesson pistol, a Taurus pistol and a Del-Ton assault rifle, according to The Associated Press.

Even Appalachia Is Walking Away From Coal (jdargis)

Not surprisingly for an agency centered in coal country, the TVA became a huge customer for the black rock. As recently as 2008, coal accounted for about 60 percent of the TVA’s electricity. But like every other power producer in the region, the TVA has come under market and governmental pressure to burn less coal, and to use more natural gas and renewables.

The Decline Of 'Big Soda' (jdargis)

Even as anti-obesity campaigners like Mr. Nutter have failed to pass taxes, they have accomplished something larger. In the course of the fight, they have reminded people that soda is not a very healthy product. They have echoed similar messages coming from public health researchers and others — and fundamentally changed the way Americans think about soda.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/2/15

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."

11 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Slow news day.

Which of cause its a good thing. 

I hope Sax is OK.

Here is what The computer boys and girls are dreaming about. (Although from the content,  I would say boys.)

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 728
Big Soda

I don't know anything about Mr. Nutter, but I personally put "Big Lazy Boy" and "Big TV" ahead of "Big Soda."

I am of the opinion that spending a large portion of your life sitting, rules out a healthy body pretty much regardless of what you eat.  Conversely, if you get a lot of exercise, drinking the occasional soda or having an occasional bowl of ice cream is not a serious health issue.

Eating habits aside, the majority of people I see, don't get nearly enough exercise to keep their body in good health and optimally functional condition.

In our house, the TV doesn't go on until we have completed a more than adequate daily exercise regime. 

At the end of the day, it's never the shows I watched, rather the trails I've traveled that make the past day seem rewarding.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Ah Ha!

It appears that he who wields the Knife in deposing our duly elected,  (albeit thick-as-a-brick PM), Malcolm Turnbull Is one of the boys. 

Turnbull moved to become a managing director and later a partner of Goldman Sachs.
 
Turnbull was a director of FTR Holdings Ltd (1995–2004), chair and managing director of Goldman Sachs Australia (1997–2001) and a partner with Goldman Sachs and Co (1998–2001).
https://en.m.wikipedia.org/wiki/Malcolm_Turnbull
 
Is there a pattern emerging here? 
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Snipers at London Rally.

City police confirmed the activists’ worst fears, but insisted that the snipers had ben placed on the roofs “purely for observation” as they supported the security on the ground of the event.

And

They are high up for that reason, to observe. And they [the guns] are used for their powerful sight, which is stronger than any pair of binoculars,” a Greater Manchester Police (GMP) spokesperson told the Manchester Evening News.
 
“They are not there to shoot people,” the spokesperson emphasized.
Of cause.  Perish the thought. 
Maidan.
 
https://www.rt.com/uk/317642-snipers-manchester-austerity-rally/
robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1148
A very good read

"The Story of the Human Body", Daniel E Lieberman

He covers much more than soda and chairs.

KennethPollinger's picture
KennethPollinger
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 653
Top 10 PP.com Contributors: Of Interest?

1. Cmartenson: 4,051

2. Arthur Robey: 3,303

3. Dave Fairtex: 2,409

4. LogansRun: 1,394

5. Time2help;1,296

_________________

6. Kugscheese: 921

7. Thc0655: 909

8. RobieRobinson: 857

9. Mark Cochrane: 801

10. SandPuppy: 799

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1148
the list is a running total, is irrespective

of frequency. I post infrequently, but have been around a looong time.

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1513
More contributors

Poet: 1867

Pinecarr: 1869

Wendy S. Delmater: 1776

Plus there are others (Aaron, etc) who have used more than one screen name, and others who are no longer around or only rarely reappear these days.

Adam would know best.

DennisC's picture
DennisC
Status: Gold Member (Offline)
Joined: Mar 19 2011
Posts: 271
Sure beats...

...using a pair of scissors.  (I know, it's subtle; some of you may have to look that one up).

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4062
Bernanke says ‘not obvious’ economy can handle1% interest rates

How the Fed Saved the Economy  (By Ben Bernanke)

Wall Street Journal-16 hours ago
And the European Central Bank has broader monetary powers than the Fed ... in large part because the Bank of England pursued monetary policies similar to ...

Fed Officials Say a Toolkit to Combat Bubbles Isn''t Ready

Nasdaq - ‎11 hours ago‎
BOSTON--Are the Federal Reserve and other U.S. regulators ready to fight the bubbles that might emerge in the American economy? No, they aren't, key central bank authorities are warning. Fed Vice Chairman Stanley Fischer and the leaders of several ...

Bernanke says ‘not obvious’ economy can handle interest rates at 1%

Service side of economy showing signs of catching flu from manufacturing

Economists cut Brazil's economic outlook for 2015

Brazil's 2016 inflation view rises for 9th week, to 5.94 pct

Reuters-3 hours ago
... for 2016 in Brazil rose for the ninth straight week, toward the top end of the government's target range, a weekly central bank survey showed on Monday.

Central banks lose bond-market credibility as woes mount

Chicago Tribune-37 minutes ago
... pile into haven assets such as Treasuries and German bunds in the past month. ... That comes after Yellen cited China's economic slowdown as a reason for ...

Growth fears top World Bank/IMF agenda

Financial Times - ‎20 hours ago‎
The world's finance ministers and central bank governors gather in Lima, Peru, this week for the annual meetings of the International Monetary Fund and World Bank. At the top of the agenda is how to respond to an anaemic global recovery and concerns ...

S. Korea to go all-in to meet growth goal: minister

Korea Times - ‎8 hours ago‎
In the parliamentary audit session, Bank of Korea Gov. Lee Ju-yeol said that the Korean economy will likely grow as expected this year. The central bank has revised down its growth estimate for this year to 2.8 percent, citing unfavorable domestic and ...

Taiwan central bank lowers deposit rates on banks' reserves, after ...

Reuters-5 hours ago
Effective Tuesday, the demand deposit rate for bank reserves will fall to 0.228 percent, from 0.248 percent; and the fixed ... Taiwan's central bank on Sept.

ECB Bought 63 Billion Euros of Debt Under QE in September

Bloomberg - ‎44 minutes ago‎
The European Central Bank boosted asset purchases in September, making up for a slowdown during the region's summer holiday period. Holdings of public and private-sector debt under its quantitative-easing program rose by 63 billion euros ($70.7 billion ...
 

Fed's Rosengren: If Weak Jobs Data Continues, Fed Should Delay Rate Rises

Wall Street Journal - ‎11 hours ago‎
BOSTON—Federal Reserve Bank of Boston President Eric Rosengren said Saturday that his confidence that the U.S. central bank can raise rates soon has diminished in the wake of underwhelming employment data. “The jobs report was disappointing; ...
 

Ruble Crash Casts Pall Over Rates as Food Prices Bring No Relief

Bloomberg-17 hours ago
The Russian central bank governor, forced last month to pause an easing cycle for the first time in 2015, may need to stall for longer to contain the fallout from ...

Russia Consumer Prices Up 15.7% on Year in September

Nasdaq-1 hour ago
MOSCOW--Russia's consumer inflation slowed marginally in annual terms in September, but was still high above the central bank's target, data from the Federal ...

Sensex posts biggest single-day in 9 months as Fed rate hike hopes recede

Hindu Business Line - ‎4 hours ago‎
Financial stocks led the gains with most banks passing on the central bank's rate cut last week, to consumers. ICICI Bank rose 4.9 per cent, Housing Development Finance Corp gained 4.73 per cent and, while HDFC Bank was up 2.36 per cent. Industrial ...

Japan Stocks Gain After U.S. Jobs Data Push Back Rate-Rise Bets

Bloomberg-14 hours ago
... compiled by Bloomberg. The Bank of Japan starts a two-day meeting Tuesday, with 34 of 36 economists expecting the central bank to keep policy unchanged.

Fed Rate-Increase Odds Drop to 10% for October, Futures Show

Bloomberg - ‎3 hours ago‎
The central bank needs to amend the way traders view the path for interest rates, El-Erian said. “The critical issue for the Fed is not when it moves first; it is the journey,” he said. Between now and December, it has to get the market to realize ...

UK finance chiefs signal sharp fall in risk appetite

Financial Times - ‎16 hours ago‎
“But despite the more emollient tone from central banks, CFOs still see tighter monetary policy as the number one threat to their businesses. From a central bank point of view this may be the worst of both worlds — a corporate sector which is worried ...

Japan's slow wage growth dents consumption outlook, BOJ ...

Reuters-9 hours ago
Watanabe said the central bank is likely to stand pat given solid capital spending plans and an improving output gap seen in its tankan survey issued last week.

EconomyCase for BoJ easing picks up as wages stagnate

Financial Times - ‎14 hours ago‎
Further action could see it buying more assets (the quantitative part), expanding what it buys (the qualitative part), or doing something unexpected like setting negative interest rates to spur lending. Last week BoJ Governor Haruhiko Kuroda retained ...

World Bank cuts Asia growth forecast

BBC News-10 hours ago
The World Bank has cut its growth forecast for the Asia Pacific region for this year and next, because of the risks posed from a sharp slowdown in China and ...

World Bank Cuts Sub-Saharan Africa Growth Estimate to 6-Year Low

Bloomberg - ‎2 hours ago‎
Oil, minerals, metals and agricultural commodities account for nearly three-quarters of the region's exports, the World Bank said in its bi-annual Africa's Pulse report. Prices of natural gas, iron ore and coffee had fallen by more than 25 percent ...
 

Hong Kong closes higher on hopes for China stimulus

MarketWatch-5 hours ago
“We have targeted stimulus for autos, property and Macau sectors, and now hopes for broader monetary and fiscal easing” in the fourth quarter. Indonesia's ...
 

Economists Bring Forward Forecasts for More BOJ Stimulus

Bloomberg-7 hours ago
Economists brought forward forecasts for when the Bank of Japan may next increase stimulus after economic data that pointed to the risk of the economy falling ...
 

Euro-Area Growth Seen Slowing in Sign More Stimulus May Be Ahead

Bloomberg-7 hours ago
The euro region's economic recovery risks faltering after growth momentum eased in September, Markit Economics said. A Purchasing Managers' Index for ...

Saudi Cash Burn Drives Foreign Reserves to Lowest Since 2013

Bloomberg - ‎6 hours ago‎
The kingdom has also withdrawn as much as $70 billion from global asset managers as it seeks to plug its budget deficit, according to financial services market intelligence company Insight Discovery. “This suggests that the government is expecting to ...

Illinois budget impasse affecting emergency call systems

Chicago Sun-Times - ‎Oct 4, 2015‎
The Springfield bureau of Lee Enterprises newspapers reports without a budget in place, emergency call systems are no longer receiving revenue from a tax on cell phone users. Under state law, 911 fees for landline phones are paid to county-level systems.

CNB discusses negative interest rates

EconoTimes-8 hours ago
EUR-CZK rose sharply ahead of the rate meeting in anticipation that the CNB might cut rates to negative. But, this did not occur. Dovish sentiment prevailed but ...

MIDEAST DEBT-Cheap oil shrinks Gulf bond sales as liquidity tightens

Reuters - ‎4 hours ago‎
GCC's Jan-Sept international issues lowest since 2008. * Bank liquidity deteriorating with less oil money. * So spreads widening in primary, secondary bond markets. * Some banks keeping back money to invest in sovereign debt. * Many maturing bonds in ...

Connecticut, America's Richest State, Has a Huge Pension Problem

Wall Street Journal-17 hours ago
Some investors concerned about the size of Connecticut's pension hole are backing away from bonds issued by the Constitution State or demanding bigger ...
Mark Cochrane's picture
Mark Cochrane
Status: Diamond Member (Offline)
Joined: May 24 2011
Posts: 1216
Obvious contributor...

Just pointing out the obvious

 

Saxplayer00o1 with 3294 posts as of this morning!

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments