Daily Digest

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Daily Digest 10/9 - Good News Friday: The Himalayas From 20,000 Feet, How To Get Your Retirement Right

Friday, October 9, 2015, 10:18 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

The Himalayas From 20,000 feet (richcabot)

The aerial cinema experts at Teton Gravity Research release the first ultra HD footage of the Himalayas shot from above 20,000 ft. with the GSS C520 system, the most advanced gyro-stabilized camera system in the world. Filmed from a helicopter with a crew flying from Kathmandu at 4,600 ft. up to 24,000 ft. on supplemental oxygen, these are some of the most stable, crisp, clear aerial shots of these mountains ever released, which include Mt. Everest, Ama Dablam, and Lhotse.

How To Get Your Retirement Right (jdargis)

I have played the lotto a time or two, and if you are lucky enough to be gifted money from your parents or grandparents, that’s great. But those two items still may not last you through your retirement years.

That’s because retirement is not so much about the amount of money you start with, but more about how you can stretch those funds over more and more years.

Setting Bernie Sanders Apart From the Field: A Palpable Sense of Conviction (jdargis)

He has also improved over the decades. Mr. Sanders has learned to suppress his exasperated expressions and eye rolls, speak in sound bites and use humor to make his arguments more digestible. He has an unstilted conversational style, packed with matter-of-fact questions asked and then immediately answered. (“Is that a woman’s issue? I think it is.”) He will jab at an opponent’s weaknesses, dodge when necessary and, perhaps most remarkably, given his cantankerous nature, compliment his questioners.

The last gun store in San Francisco is closing for good (jdargis)

Supervisor Mark Farrell said he introduced the latest bill to help police combat violent crime in the city. "Anything that makes San Francisco safer, I support," "Anything that makes San Francisco safer, I support," he said.

The Carbon Footprint Of Eating Out (jdargis)

Overall environmental impact is difficult to distill into a number or grade; there are too many moving parts to declare something absolutely good or bad. For example, efficiency is a key to conserving resources and, in many cases, reducing carbon emissions, but efficiency might be achieved in any number of otherwise questionable ways: pesticides, antibiotics, brutal animal treatment, genetically modified crops. The endlessly intertwined nature of nature is part of what makes environmental change so unwieldy and seemingly unapproachable.

Huge oil discovery in Golan Heights - Israeli media (Arthur Robey)

"We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity. On average in the world strata are 20-30 meters thick, so this is ten times as large as that, so we are talking about significant quantities. The important thing is to know the oil is in the rock and that's what we now know," Israel business website Globes quotes Yuval Bartov, chief geologist of Afek Oil and Gas as saying. Afek is a subsidiary of the America’s Genie Energy.

Energy Storage Just Got A Massive Vote Of Confidence

The opportunity in energy storage is intricately linked to renewables but energy storage is not entirely dependent on renewables either. Most renewable power sources face the problem of inconsistent generation versus more or less constant demand (at least on a day-by-day basis though not an hourly basis). Battery storage, like the products being created by Tesla and others, offers a solution. As the NextEra CEO noted, “Battery storage is the holy grail of the renewables business … If we can deliver firm power to renewable customers at a cost-effective rate, you’ll see renewables explode even faster than they already are.”

First of Two October Meteor Showers to Peak Thursday as Draconids Shimmer in the Night Sky (jdargis)

The Draconids are one of the more unique and unheralded meteor showers that occur throughout the year. What sets them apart from other events is that the best time to view them is around nightfall, as opposed to the predawn hours, according to Earthsky.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/8/15

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."

4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Repost Of Today's News

Landlords will hike rents by 8% this year

Italy's industrial production slips in August

The global economy is in serious danger

No room for mistakes by central banks amid 'new mediocre'

Reuters-19 hours ago
The IMF meeting comes as the Bank of Japan looks poised to extend its money ... The European Central Bank is also expected to extend quantitative easing, ...

Draghi Says Emerging-Market Slowdown Poses Fresh Risk for Europe

Bloomberg - ‎2 hours ago‎
Slowing growth in emerging markets and slumping commodity prices are posing fresh challenges to the euro-area economy, which may need to be countered by adjustments to quantitative easing, European Central Bank President Mario Draghi said.
 

Russian car sales plunge as automakers raise prices

Automotive News-5 hours ago
While annual consumer-price growth eased to 15.7 percent in September, it remains almost fourfold the central bank's mid- term target of 4 percent.

Japan, China, Korea Call for Vigilance on Disappointing Global ...

Jakarta Globe-8 hours ago
... Kyung-hwan meet during the 2015 IMF/World Bank Annual Meetings in Lima, ... economic growth on track," the finance ministers and central bank governors ...

China Sept data likely to show further economic weakness

Reuters-8 hours ago
... weeks is likely to point to further weakness in the world's second-largest economy, reinforcing expectations that Beijing will roll out more stimulus measures to ...

BOJ's Kuroda: Emerging economies' slowdown harming Japan ...

Reuters-19 hours ago
The BOJ held off on expanding stimulus on Wednesday, even as slumping exports and falling oil prices threaten its rosy projection that the economy is on track ...

A U.S. Recession Just Got a Little More Likely

Bloomberg-4 hours ago
A delayed Federal Reserve rate hike, turmoil in global equity markets... and now increased expectations for a downturn in the U.S.. The probability that the ...

Alberta recession to see provincial GDP shrink by 1.4% this year: TD

CBC.ca-22 hours ago
Alberta is in a recession and will see its GDP contract by about 1.4 per cent in 2015, according to a new report from TD Economics. The report blames the ...

China slowdown may cause Latin American recession

Taipei Times-Oct 8, 2015
Latin America's economy is likely to go into recession this year for the first time since the end of the global financial crisis as China's slowdown lessens demand ...

China Faces Default Chain Reaction as Credit Guarantees Backfire

Bloomberg-8 hours ago
China's guarantee firms backed 2.6 trillion yuan of loans as of end-2014, an 18 ... said that while he would accept a lower yield on debt supported by a strong ...

Maturing Junk Debt Poses $9 Billion Test for Europe's Miners

Bloomberg-4 hours ago
New headwinds are facing Europe's miners as they try to ride out the commodities slump -- $9 billion of junk-rated debt coming due. That's how much firms ...

Russian $2.7 Billion Defense Spending Push Raises Deficit Target

Bloomberg-Oct 8, 2015
The government will reinstate 165 billion rubles ($2.7 billion) in spending on defense and ... That will swell next year's deficit to 2.4 trillion rubles, or 3 percent of ...

 

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1714
Good news?

http://The last gun store in San Francisco is closing for good

That's good news?  I guess from a certain perspective, but not from others.  San Fran now joins murder capitals Chicago and Washington, DC  among major cities without a gun shop in their city limits.  I hope that works out for them.

http://www.chicagotribune.com/ct-chicago-shootings-and-homicides-in-september-20151002-htmlstory.html

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2890
Re: Good news
thc0655 wrote:

http://The last gun store in San Francisco is closing for good

That's good news?  I guess from a certain perspective, but not from others.  San Fran now joins murder capitals Chicago and Washington, DC  among major cities without a gun shop in their city limits.  I hope that works out for them.

I have empathy for those who have been brainwashed from birth.

I think you will find the word sympathy in the dictionary somewhere between s**t and syphilis.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Our dear friend, oil.

I really don't think that the news of yet more carbon to burn found on the disputed Golan is good.
What could possibly go wrong?
That is the wrong question.
What could possibly go right? 

Supplementary questions. Has this oil got anything to do with the rival claimant's destruction? Syria. When was this discovery made?
The fog of war clears.
A motive appears.
I think we're given a bum steer.
Syria has nothing to do with geo-politics or the grand chessboard.

It's to do with our old friend oil. And I'll wager Putin knew. 

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