Daily Digest

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Daily Digest 11/13 - Good News Friday: Consumer Sentiment Rises, Rethinking Waste Management

Friday, November 13, 2015, 11:22 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

This Food Truck Also Distributes Food to the Needy (jdargis)

The group’s soon-to-be-launched Food for All truck is set to serve up monthly meals to needy kids attending after-school programs. "We wanted to address both food availability and nutrition," Made Possible By Us co-founder Mike Zserdin told Fast Company. "So instead of just delivering macaroni and cheese and dry goods, we're delivering fresh cooked food. [After-school programs] also get nutritional education, because it's odd that food insecurity and obesity seem to kind of go hand in hand in the U.S."

The Asteroid Hunters (jdargis)

The Tunguska asteroid would have leveled a large city and its surroundings. The example most often given is metropolitan London. But the threat of that actually happening in the near future isn't keeping anyone up at night. The occurrence of large asteroid impacts is rare, and the vast majority of the Earth's surface is unpopulated — with 71 percent covered by water — so even if a large asteroid should appear suddenly, the odds are it won't strike civilization. That said, science's view on asteroids has changed dramatically in the past few decades. We understand now that impacts are a regular facet of life in the solar system, and if you take the extremely long view, close encounters with objects far larger than Tunguska — asteroids that could obliterate regions or even wipe out humanity — are flying around out there and will eventually hit us, 500 or 10,000 or a million years hence.

Marco Rubio Says Welders Make More Money Than Philosophers Do. He’s Wrong. (richcabot)

It was the first question of the GOP debate: Would you raise the minimum wage? And to Sen. Marco Rubio specifically, a few moments later: “Since you aren’t a fan of all [the government’s] giving away, tell us tonight what you would take back.”

Consumer Sentiment Climbs as Americans Buoyed by Price Discounts (jdargis)

The Michigan sentiment survey’s index of expectations six months from now increased to 85.6, a five-month high, from 82.1 in October. The gauge of current conditions, which measures Americans’ views of their personal finances, rose to 104.8, the highest since August, from 102.3 last month.

The Future Of Protein Will Not Be Animal Meat (jdargis)

The average American eats 80.6 pounds of beef very year. Since farming cattle is water and land-intensive—and responsible for between 18 and 51 percent of greenhouse gas emissions—companies like Beyond Meat are racing to diversify protein sources that will feed the world's population for as long as possible. In this feature episode of If Our Bodies Could Talk, senior editor James Hamblin travels across California to learn about the science and psychology of diversifying people's protein-intake portfolio.

How Solar Installations Could Be the Barn-Raisings of the 21st Century (jdargis)

Far from being in competition with the large solar installers, Grid Alternatives is a sort of industry adjunct. Grid Alternatives effectively provides training for workers who will go on to become installers for big firms like SolarCity. “And mostly we’re working with clients that the big solar companies don’t want, because they don’t have a lot of money,” Mackie said.

Tax The Trash: Why The U.S. Needs To Rethink Waste Management (jdargis)

Since the private waste disposal industry has organized its infrastructure around cheap landfill disposal, it's no wonder that landfilling seems like the most cost-effective option. It follows that if we Americans had built a waste infrastructure with the goal of zero waste, as Germany did, our infrastructure would naturally have delivered lower costs for recycling than it does.

Meet Stan Herd, the Man Who Turns Agriculture into Amazing Works of Art (jdargis)

“At 65 I only have a limited amount of time to create these massive works. I am reminded that I need to choose my work carefully,” says Herd. The artist is trying to get funding for his next project, “Young Woman of Brazil,” a permanent earthwork/garden in São Paulo, Brazil, on which he’s spent the last three years working. Here’s the link to his Indiegogo campaign to raise the needed cash.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/12/15

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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saxplayer00o1
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Emerging-Market Rout Worsens as China Lending Signals Slowdown

China's Troubled Credit Swells to Sweden-Sized $628 Billion

Bloomberg-12 hours ago
Chinese banks' troubled loans swelled to almost 4 trillion yuan ($628 billion) by ... At the same time, funding costs for U.S. Treasuries are said to have gone up ...

China Bond Investors Bet on Bailout

Wall Street Journal-6 hours ago
But last month, steel trader Sinosteel Co. came close to defaulting on its 2 billion yuan ($314 million) debt, before apparent government intervention gave it ...

Steel Output Drop in China Is Highly Probable, Noble Group Says

Bloomberg-13 hours ago
Steel output in China is set to tumble, according to commodity trader Noble .... Treasuries maintained Thursday's gains, with 10-year yields little changed at 2.32 ...
 

Emerging-Market Rout Worsens as China Lending Signals Slowdown

Bloomberg-5 hours ago
Equity gauges in China and Hong Kong led losses as the MSCI Emerging ... to own emerging-market bonds over U.S. Treasuries widened four basis points to ...
 

Italy Economy Slows, Making Return to Sustainable Growth Harder

Bloomberg-6 hours ago

Data this week has provided a mixed picture on China's economy, adding to ... Treasuries maintained Thursday's gains, with 10-year yields little changed at 2.32 ..

Italy's Growth Target Gets Hard to Meet After Third Quarter Data

Bloomberg-4 hours ago
Italy's public debt increased to 2.19 trillion euros ($2.36 trillion) in September, the country's central bank said earlier on Friday. The government plans to cut ...

First Venezuela Lost the Concorde, Now It's Losing to Bolivia

Bloomberg-5 hours ago
... Arce “understood the importance of having orderly fiscal policy,” said Ben Ramsey, chief economist and head of sovereign debt strategy for the Andean region ...
 

Eurozone Economy Slows as Exports Weaken -- 3rd Update

Nasdaq-5 hours ago
Those declines in exports will concern policy makers at the European Central Bank, who have warned that a slowdown in large developing economies could ...

Slower-than-expected euro zone growth likely to seal more ECB stimulus

Reuters - ‎5 hours ago‎
BRUSSELS Euro zone economic growth was slower than expected in the third quarter, preliminary data showed on Friday, increasing market expectations that the European Central Bank will step up its monetary stimulus to the economy next month.

Treasury to Sell $71 Billion of Debt

Wall Street Journal-20 hours ago
The Treasury Department will auction $71 billion in securities next week, comprising $28 billion in new debt and $43 billion in previously auctioned debt. Details ...

Alaska politicians look at sacred oil check as they search for ways to stem ...

Minneapolis Star Tribune - ‎21 hours ago‎
JUNEAU, Alaska — Alaska is facing multibillion-dollar deficits amid chronically low oil prices and relying on savings to help balance the budget. That's not ... The principal cannot be spent, but its earnings — valued at about $7 billion — can be ...

Baltimore faces $75 million budget shortfall

Baltimore Sun-4 hours ago
... officials disclosed the shortfall Thursday in the more than $2 billion spending ... In 2013, Rawlings-Blake said the city had run up a structural deficit of nearly ...

Colorado employers' 2016 health plan costs climb average of 8 ...

The Denver Post-16 hours ago
Company health insurance costs — prior to any plan-design changes or employee contributions — climbed about the same amount as last year, according to a ...

Scranton City Council introduces 2016 budget with 5.7% tax increase

Scranton Times-Tribune-8 hours ago
The mayor's plan for reforming a pension system that has produced the ... would expect the 2016 budget to address whether there would be an operating deficit.

Chicago Taxpayers May Have to Provide More Money for Fire and ...

Firefighter Nation-Nov 12, 2015
Chicago's unfunded pension liabilities will continue to grow for at least another decade, maybe longer, even after Mayor Rahm Emanuel pushed through a $543 ...

Dallas police-fire pension fund hopes to curb losses with new ...

Dallas Morning News-10 hours ago
The pension fund has assets of $3 billion, but it's looking at future unfunded liabilities of $2 billion to $5 billion, depending on how those projections are ...

Vendors pull the plug on deadbeat state as Illinois budget impasse continues

Reboot Illinois - ‎15 hours ago‎
SPRINGFIELD — Another vendor says it may have to cut off service to the state of Illinois because the state's inability to pay its bills is threatening the vendor's ability to continue doing business. In a disconnection-warning letter dated Oct. 29 ...

Budget standoff could mean power shutoff at state building in Metro East

KMOV.com - ‎11 hours ago‎
... a power disconnection notice to the state's regional headquarters in Collinsville. Gov. Bruce Rauner's office acknowledged the letter, which was posted online. The Illinois Department of Transportation (IDOT) and State Police both have offices at ...

Illinois Lottery ticket sales plunge after payout delay

Chicago Tribune - ‎17 hours ago‎
Illinois Lottery ticket sales dropped to the lowest point yet this year in October, the same month lottery officials announced they were delaying payouts over $600 because of the state budget impasse, according to data obtained Thursday by The ...

Canada's Oil Producers Brace for Latest Test: Higher Carbon Taxes

Wall Street Journal-19 hours ago
Canadian Natural said in its submission that it objects to higher carbon taxes and other new government-mandated policies, and has called for allowing oil and ...

Bond Insurers Drop Most Since July as Puerto Rico Default Looms

Bloomberg-1 hour ago
Moody's Investors Service said this week that Puerto Rico is likely to default on at least a portion ... 6, backs about $5.8 billion of commonwealth debt as of Sept.

Fitch: US High Yield Default Rate Plagued by Energy Sector

Business Wire (press release)-47 minutes ago
Five energy companies either completed distressed debt exchanges (DDEs) or ... The energy trailing 12-month (TTM) default rate finished October at 5.3%, the ...

 

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Tall
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World’s largest ocean cleanup operation - one step closer

A crowdfunded 100km-long boom to clean up a vast expanse of plastic rubbish in the Pacific is one step closer to reality after successful tests of a scaled-down prototype in the Netherlands last week.

http://www.theguardian.com/environment/2015/nov/13/worlds-largest-ocean-cleanup-operation-one-step-closer-to-launch

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saxplayer00o1
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Moody's sees worst deterioration in junk-bond market since Great

Moody's sees worst deterioration in junk-bond market since Great Recession

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Arthur Robey
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Keeping your Privacy.

Two experts discuss the ins and outs of keeping your privacy.

https://theintercept.com/2015/11/12/edward-snowden-explains-how-to-recla...

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saxplayer00o1
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Blame the calendar

The Daily History of the Debt Results

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
10/30/2015 13,060,656,874,967.53 5,092,324,810,779.99 18,152,981,685,747.52
11/02/2015 13,259,598,054,673.03 5,232,493,066,160.96 18,492,091,120,833.99
11/03/2015 13,304,633,454,176.57 5,227,704,637,534.91 18,532,338,091,711.48
11/04/2015 13,304,149,781,522.19 5,228,704,601,299.55 18,532,854,382,821.74
11/05/2015 13,378,296,644,134.99 5,231,503,426,193.74 18,609,800,070,328.73
11/06/2015 13,378,216,906,933.97 5,231,637,478,501.25 18,609,854,385,435.22
11/09/2015 13,377,810,384,459.45 5,236,958,832,253.39 18,614,769,216,712.84
11/10/2015 13,378,011,403,562.54 5,227,381,025,379.64 18,605,392,428,942.18
11/12/2015 13,422,684,032,364.47 5,226,340,763,474.31 18,649,024,795,838.

US government records $136.5 billion October budget deficit

U.S. News & World Report - ‎Nov 12, 2015‎
WASHINGTON (AP) — The U.S. government started its new budget year with a deficit in October, although the imbalance was made worse by a calendar quirk. The October deficit totaled $136.5 billion, up 12.2 percent from October 2014, the Treasury ...

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