Daily Digest

Image by the great 8, Flickr Creative Commons

Daily Digest 10/24 - Central Bankers' Death Wish, ISIS Inc.

Saturday, October 24, 2015, 10:46 AM

Economy

The Real Trouble Begins When Rising Inequality Splinters the Elites (richcabot)

Josh and Maddie living at home or being subsidized by Mom and Dad was not part of the expected payoff for reaching the top tier of American society. Toss in a stock market crash or two, a medical emergency with co-pays larger than the GDP of small nations and a slump in business/fees/bonuses, and what people who expected to live comfortably on Easy Street are experiencing is downward mobility.

British trainee bankers at JP Morgan sacked after cheating at 'basic' maths test (locksmithuk)

The firm's prestigious trainee scheme is among the most competitive in the world, with most successful candidates coming from elite private schools and universities such as Harvard, Oxford and Cambridge.

JP Morgan staff told the Telegraph that the accounting tests were unlikely to have been very difficult, but claimed cheating was commonplace.

The Central Bankers’ Death Wish (richcabot)

China and the rest of the world have just come through a mind-pending credit binge which took global debt from $40 trillion in 1994 to $225 trillion at present. China was in the forefront of that binge, sporting a 56X gain in outstanding credit during the same two decade period (from $500 billion in 1995 to $28 trillion at present).

Tampons, sterile cotton, sanitary pads contaminated with glyphosate - study (Ali S.)

“Eighty-five percent of all samples tested positive for glyphosate and 62 percent for AMPA, which is the environmental metabolite, but in the case of cotton and sterile cotton gauze the figure was 100 percent,” Marino told Télam news agency. An English translation of the Télam report can be found here. The products tested were acquired at local stores in Argentina.

The Big Blue Canary In Armonk (richcabot)

Stated differently, IBM has lost $100 billion of market cap since its 2013 peak. But that wasn’t due to a fundamental deterioration in its business model or a quantum change in the competitive environment in which it operates.

Prison phone call price gouging is over (richcabot)

The FCC voted on Thursday to cap rates for local and in-state inmate calls. That means prices will drop by 700 percent.

World Economic and Financial Surveys: Regional Economic Outlook (richcabot)

Global growth remains moderate and uneven. Growth is projected at 3.1 percent in 2015, somewhat lower than last year, and is expected to accelerate to 3.6 percent in 2016. Prospects across the main countries and regions continue to vary...

TPP would allow milk from cows receiving hormones into Canada (richcabot)

Small levels of imports are possible while maintaining supply management, if they are managed carefully. The ultimate impact of the TPP on the dairy industry might depend on details not yet available on what kinds of products — and in what amounts — make up that 3.25 per cent.

Unique to the TPP is the prospect of fluid milk crossing the border from the U.S. The terms of the agreement made public earlier this month specify that 85 per cent of fluid milk imports must be processed in Canada before hitting store shelves.

Isis Inc: how oil fuels the jihadi terrorists (richcabot)

Despite all these efforts, dozens of interviews with Syrian traders and oil engineers as well as western intelligence officials and oil experts reveal a sprawling operation almost akin to a state oil company that has grown in size and expertise despite international attempts to destroy it.

Power Plant Will Use Ocean Tides to Power 155K Homes (Wendy SD)

This planned power plant in Wales may look like the Guggenheim Museum but its benefits far outweigh the beauty: it will use the rise and fall of ocean tides to generate enough renewable electricity to power 155,000 homes for 120 years. When completed, the structure will produce electricity enough to displace more than a quarter million barrels of oil each year— while leaving virtually no carbon footprint.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/23/15

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."

3 Comments

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

Take From this what you will. 

In5d Network Episode 12 Catherine Austin Fitts an…:

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Iceland Jails Bankers, pays down loan.

http://theantimedia.org/icelands-bankers-face-74-years-in-prison-while-u...

And. 

http://www.cb.is/publications/news/news/2015/10/08/Loan-from-IMF-paid-in...

So,

When Are we going to bring freedom and democracy to Iceland?

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Things are looking up.

Gigapixels of Andromeda [4K]:

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