Daily Digest

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Daily Digest 1/7 - The Next Real Estate Collapse, Our Changing Environment

Thursday, January 7, 2016, 10:58 AM


Russia’s national security strategy for 2016 in 9 key points (richcabot)

Who could be engaged in such activities? According to the document, “radical social groups which use nationalist and religious extremist ideologies, foreign and international NGOs, and also private citizens” who work to undermine Russia’s territorial integrity and destabilize political processes.

Former Fed President Fisher Admits Fed Culpable Of Overinflating The Market (Adam)

While I'm pleased to see admission of these transgressions (which we've been shouting about for years here at PP.com) by a high-ranking insider like Fisher, I'm depressed at how cavalierly he treats the matter. Sort of an "Oh, well...what can we do about it at this point?" attitude.

Kuwait recalls ambassador, Bahrain halts all flights to & from Iran over Saudi mission attack (richcabot)

"Saudi Arabia cannot hide its crime of beheading a religious leader by severing political relations with Iran," Rouhani was quoted by Reuters as saying, citing IRNA, after a meeting with Danish Foreign Minister Kristian Jensen in Tehran.

A socialist vision fades in Cuba’s biggest housing project (richcabot)

That was 40 years ago. Today, with U.S.-Cuban relations on the mend, this island has come to the edge of a new post-Castro era. The country’s ideological foundations are cracking, and new uncertainties are coming — perhaps none larger than whether the egalitarian values of Castro’s revolution will be swept away by rising inequalities and the breakdown of Cuba’s socialist welfare state.

Jim Rogers: Maybe I should be shorting everything? (Herman J.)

“I certainly would like to short more junk U.S. bonds and I’m looking for opportunities.”

“I’m happy to to tell you I’ve never voted for a winning president in my entire life...I am extremely proud of that record.”

Tnd of Capitalism Is Here: Ellen Brown (pinecarr)

Brown says, “Instead of treating banks like they are too-big-to-fail, treat them like public utilities. I am head of the Public Banking Institute, and what we want to do is publicly own banks. In every country, something like an average of 50% of the economy is publicly owned and 50% is privately owned. For us, the big 50% is like the military. The military is our biggest socialist engine. It seems to me we’d be better off with publicly owned banks, which is just acknowledging that money is a public utility. It’s our money and ‘We the People’ back it, and clearly we back it.

The Next Real Estate Collapse (Tiffany D.)

Situated on 4.4 acres of beachfront, the “spec mansion” features the Atlantic Ocean as its backyard. The front yard is a nearly 500-foot deep-water expanse of the Intracoastal Waterway — perfect for even the largest private super yacht.

Scientists create new 'nano-reactor' to produce hydrogen biofuel (Mark C.)

"Essentially, we have taken a virus's ability to self-assemble myriad genetic building blocks and incorporated a very fragile and sensitive enzyme with the remarkable property of taking in protons and spitting out hydrogen gas," said Trevor Douglas from IU, who led the study.

New Hillary Emails Reveal Propaganda, Executions, Coveting Libyan Oil and Gold (PBD)

But historians of the 2011 NATO war in Libya will be sure to notice a few of the truly explosive confirmations contained in the new emails: admissions of rebel war crimes, special ops trainers inside Libya from nearly the start of protests, Al Qaeda embedded in the U.S. backed opposition, Western nations jockeying for access to Libyan oil, the nefarious origins of the absurd Viagra mass rape claim, and concern over Gaddafi’s gold and silver reserves threatening European currency.

Sources of Growth Examined and Found Entirely Lacking (Chris H.)

Global annual population growth peaked in 1988 at 93 million/yr and has now receded to 80 million/yr. Since global population growth peaked, global credit (driven by central bank driven rate cuts) has rocketed as a substitute for the decelerating population growth.

The Bankers’ India Gold Grab: An Update (pinecarr)

Indians “deposit” their gold into the clutches of their thieving government and are paid (paper) “interest” on those deposits. The fact that this was a naked fraud was immediately apparent. As the bankers tell us all the time, “gold generates no income.” How could India’s government pay the interest on the gold coins/bars/jewelry sitting in its vault supposedly held in trust for its depositors?

One Step Closer To Recession (Tiffany D.)

Fed governors are not stupid people, so I have to assume they felt some kind of pressure to act. Pressure from Wall Street pros too antsy to wait any longer for the first rate hike after all these years and — no matter how ill-advised — irrationally pushed the Fed to act. Or pressure from the economy that the Fed knew was weakening, so the governors wanted at least one arrow in the quiver — the ability to cut rates — when the recession is official.

New efficiency record set with dual-junction solar cell (Arthur Robey)

"CSEM partnered with the NREL scientists with the objective to demonstrate that 30 percent efficient tandem cells can be realized using silicon heterojunction bottom cells, thanks to the combination with high performance top cells such as those developed by NREL," said Matthieu Despeisse, the manager of crystalline silicon activities at CSEM.

First known hacker-caused power outage signals troubling escalation (Adam L.)

"It's a milestone because we've definitely seen targeted destructive events against energy before—oil firms, for instance—but never the event which causes the blackout," John Hultquist, head of iSIGHT's cyber espionage intelligence practice, told Ars. "It's the major scenario we've all been concerned about for so long."

Here Are The Top 15 Environmental Stories of 2015 (richcabot)

Some elements of the agreement are legally binding, but most language related to emissions reductions is voluntary, an approach insisted on by U.S. negotiators because Republicans in Congress would never ratify a binding treaty — despite the fact that 2015 will almost definitely be the hottest year ever recorded, 2016 is looking to be even hotter, and the World Meteorological Organization is warning that inaction on climate change could mean that average global temperatures will rise by 6 degrees Celsius or more.

See Before-and-After Photos of the Changing Environment (richcabot)

Yosemite National Park’s Lyell Glacier has receded tremendously over the last century, exposing swaths of bedrock underneath. Because of their sensitivity to the environment, glaciers are vital barometers of climate change.

What scientists just discovered in Greenland could be making sea-level rise even worse (richcabot)

The new study, published Monday in the journal Nature Climate Change, focuses on a part of the ice sheet known as “firn” — a porous layer of built-up snow that slowly freezes into ice over time. It’s considered an important part of the ice sheet because of its ability to trap and store excess water before it’s able to run off the surface of the glacier, an essential service that helps mitigate the sea-level rise that would otherwise be caused by the runoff water.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/6/16

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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Lawyer who became DuPont's worst nightmare

Corporate lawyer represents a farmer

Bilott doesn’t regret fighting DuPont for the last 16 years, nor for letting PFOA consume his career. But he is still angry. ‘‘The thought that DuPont could get away with this for this long..."



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World Bank cuts global growth forecast

World Bank cuts global growth forecast

USA TODAY-20 hours ago
China is still expected to grow 6.3% this year, the World Bank says, but that's down ... could spur a flight of foreign capital from those nations to U.S. Treasuries.


40% of millennials have used a pawnshop or payday lender

China Reserves Post First Yearly Drop Since 1992 Amid Yuan Slide

Bloomberg-2 hours ago
China's foreign reserves shrank last year for the first time since 1992, ending a ... China's holdings of U.S. Treasuries stood at about $1.25 trillion in October ...

UPDATE 1-China FX reserves fall $512.66 bln in 2015, biggest drop ...

Reuters-5 hours ago
Foreign exchange reserves fell $512.66 billion in 2015 to $3.33 trillion, central bank data showed on Thursday. They dropped $107.9 billion in December alone, ...

Chinese Hedge Funds Face Forced Sales as Top Manager Plans Exit

Bloomberg-8 hours ago
Many private funds and hedge funds in China have agreements with investors ... Treasuries jumped, with yields on 10-year notes dropping seven basis points to ...

Oil Producers Have $100 Billion Wiped Out in Worst Start to Year

Bloomberg-3 hours ago
Revenue and profit have dropped and some companies have defaulted on debt. ... Those concerns helped wipe $2.5 trillion off the value of global equities in the ...

City to Borrow Up to $3 Billion in 2016

Chicago Tonight | WTTW-15 hours ago
“I'm trying to put in place a responsible budget policy for the city to get our ratings up, to lower cost of capital, to ease our debt burden,” Brown said. “This is not ...

Chicago sets $500 million bond sale amid pension uncertainty

Reuters-20 hours ago
The sale comes as state legislative fixes to address Chicago's $20 billion ... of restructuring debt service payments on outstanding bonds to free up revenue.

George Soros Sees Crisis in Global Markets That Echoes 2008

Bloomberg-10 hours ago
... he said the Greece-born European debt crunch was “more serious than the crisis ... worth of about $27.3 billion, according to the Bloomberg Billionaires Index.

N.J. Transit rail reliability crumbling after capital-fund raids

Chicago Tribune-21 hours ago
As those railroads committed billions of dollars to new equipment, New Jersey ... About half the state's $18.9 billion in debt has financed road and rail projects ...

Pa. borrows $2 billion amid budget fight, deficit

Indiana Gazette-47 minutes ago
Treasurer Timothy Reese, a Wolf nominee, blamed the state's shortfall on a long-term budget deficit that also required a $1.5 billion treasury loan in 2014.

India's exports may dip by 13% to $270 billion in 2015-16

Times of India-1 hour ago
During April-November this fiscal, exports declined by 18.46 per cent to $174.3 billion. Imports were $261.8 billion and trade deficit was $87.5 billion.

Houston's budget big concern at City Council meeting

KPRC Houston - ‎16 hours ago‎
The city of Houston's estimated net total of unfunded pension liabilities now stands at $5.5 billion. “We have pension obligations that we have to maintain and those are rising at a rapid rate, much higher than what we are getting in our sales and ...

Report highlights DPS debt burden: "Emergency manager regime has not worked"

Michigan Radio - ‎19 hours ago‎
Thiel says it's unclear whether municipal bankruptcy is actually a viable option for DPS, but the report also highlights how one way or another, Michigan taxpayers are on the hook for much of DPS' debt. And Thiel says the “main takeaway” is that the ...


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