Daily Digest

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Daily Digest 2/21 - 42 Mass Shootings In 2016, The Big Question About Driverless Cars

Sunday, February 21, 2016, 11:30 AM

Economy

Man Accused in Kalamazoo Shootings Has Driven for Uber (jdargis)

At the apartment complex, a woman who was shot multiple times survived and was in serious condition. At a Kia dealership, two men identified by the police as a father and son were shot dead. And at the Cracker Barrel, five people in two cars were targeted, four of whom died. The fifth, a 14-year-old girl, was hospitalized in critical condition.

Jeffrey Getting, the Kalamazoo County prosecutor, grew emotional at a news conference on Sunday morning as he described the chaotic scene and the scramble by the police to respond to the shootings and find the gunman.

The Kalamazoo rampage was the 42nd mass shooting this year (jdargis)

There are many ways that researchers and authorities define "mass shooting." The Gun Violence Archive excludes the shooter from the tally of injured and killed. By that definition, there have been 27 mass shootings this year. A shooting tracker by Mother Jones magazine uses more restrictive criteria, only counting shootings that have occurred in public places.

Signals for NUGT and DUST 3X Gold Miner ETFs (DG)

Wow, would it not be great if there were a way to anticipate the moves in NUGT and DUST? Nice to have an index that allowed us to peek in and get an advance on their directions and turning points?

Rubio, Cruz Tout Themselves as Best Challenger to Trump After South Carolina (jdargis)

Rubio, a member of the Senate foreign relations committee, told reporters on his campaign jet that U.S. presidents need to grasp world issues from their first day in office -- and suggested that would be a stretch for Trump. "It's not about taking on Trump, but there are differences, and we are going to talk about them, particularly on foreign policy. Donald, now that the race has narrowed, needs to step up and outline his policy vision. And it can't be something that relies on experts he won't name."

Jeb Bush Bows Out of Campaign, Humbled and Outmaneuvered (jdargis)

Mr. Bush’s campaign had rested on a set of assumptions that, one by one, turned out to be flatly incorrect: that the Republican primaries would turn on a record of accomplishment in government; that Mr. Bush’s cerebral and reserved style would be an asset; and that a country wary of dynasties would evaluate this member of the Bush family on his own merits.

Western govts bred terrorists - and blamed it on Muslims - head of Anti-Islamophobic collective (richcabot)

The terrorist attacks on Charlie Hebdo magazine and Kosher shop in France have left the country in shock. But violence breeds violence, and French Muslim communities are fearful, as people put the blame on them. However, these Muslims are French citizens as well and so these reprisals are hardly correct? What breeds terrorism in the country? And what it is like to be blamed for things you have never been involved in?

Scalia's Pro-Business Legacy (jdargis)

Walmart was not the only case in which Scalia weakened the ability of individuals to band together as a class to challenge corporate misconduct. In AT&T Mobility v. Concepcion, a couple signed up for the company’s service with the advertised promise of “free” cell phones, but discovered a $30 charge on their bill for sales tax based on the phones’ retail value. In defending itself against a class action, AT&T pointed to the standard form contract the plaintiffs had signed, which required the arbitration of all disputes and barred class arbitration. The district court and the Ninth Circuit Court of Appeals refused to enforce this provision, recognizing that under California contract law it was unconscionable. Not so, according to Scalia’s majority opinion, which ruled that the Federal Arbitration Act preempted state contract law on this point. If consumers wanted to bring a claim against AT&T, they had to do so individually and through arbitration.

The big question about driverless cars no one seems able to answer (jdargis)

People who study robot cars have actually been aware of these questions for years. But they haven't been able to do much about it, because, well, no actual cases or policies have appeared in the real world. With the National Highway Traffic Safety Administration's decision on Google's cars last week, however, the ball has begun to roll.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/19/16

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."

8 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Earth one of a kind

Swedish computer models predict that the Earth is unique.

 

https://www.rt.com/news/333199-earth-unique-new-study/

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1714
The public's wilful inertia and wishful thinking

We have often discussed here at PP.com how hard it is to try to get through to our friends and family with reality.  Here's an anecdote many will identify with.  My wife emailed an article about Philadelphia's woefully underfunded pension plan to a recently retired friend of hers. Her friend has a master's degree and has had a career of management positions in social work.  Her husband is a brilliant mechanical engineer.  The nicest, smartest people you could ever meet.  The wife has a city pension and her husband a 401K, etc.  So having received the FT article on Philly's struggling pensions, her response was:

I am adopting the strategy of healthy denial and trusting that it will all work out somehow. Failing that, I guess we will spend our twilight years bunking with one of the kids...

I've been thinking about that all day.  It's sad, especially since they are highly intelligent, resourceful, resilient people (in most ways), but still they choose denial and wishful thinking.  And they have resources.  They could take important steps to be prepared.

And then I started thinking: this is probably also the same attitude of many of the elite and their technocrats who are in the driver's seats propelling us on our destiny to crash into the brick wall at full speed.  "Keep doing what we've been doing and just hope it all works out in the end.  If there any contrary indications that it's going to blow up and NOT be ok, we'll just put those things out of our minds."

I'd like to be more hopeful, but it appears that the transition into whatever comes next will only happen after the maximum possible amount of death and destruction of the current population and economic systems.  I just wish there was an undiscovered land mass somewhere so we could migrate there and put some distance between us and all the suffering to come.

Quercus bicolor's picture
Quercus bicolor
Status: Gold Member (Offline)
Joined: Mar 19 2008
Posts: 470
Why haven't they colonized our galaxy?

“If you have these civilizations that had a 3.5-billion-year head start on us, why haven't they colonized our galaxy?” cosmologist Max Tegmark told Scientific American. “To me, the most likely explanation is that if the planets are a dime a dozen, then highly intelligent life evolves only rarely.”

Being young isn’t all bad though, as it allows us the unique opportunity to study the formation of the universe before it gets too distant.

In a trillion years, long after our own sun has burned out and what’s left of Earth’s inhabitants have gone planet-hopping to a new home, future civilizations will be without the clues as to how the universe began. Someone remember to write it down please.

Maybe there's just no sufficient source of energy and/or method that actually obeys the laws of physics to allow intergalactic travel by intelligent life?  We certainly haven't proven a viable (much less practical and inexpensive) method of interstellar travel exists.  Why should we assume that intergalactic travel is possible?

 

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 3 2014
Posts: 634
Maybe there is hope for the future.

Are our children trying to tell us something? 

http://www.cbc.ca/news/business/millennial-housing-1.3444095

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

The bureaucrats will plug the micro home escape route. The slaves must be in debt servitude. Expect the  full weight of the propaganda machine to descend on anyone who tries to escape. 

No doubt the kids will be found with weapons of mass destruction,  drugs,  kiddie porn, .  .  .  .

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Believe the evidence of your

Believe the evidence of your eyes, not some arcane and elegant theory. My response is to urge you to re-read " Willful blindness" an remember that you too are human. 

Reality is a lot more entertaining than most believe. 

Even more entertaining than Hollywood. 

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
Jim Sinclair & Bill Holter QA - good listen!

"Legendary Trader Jim Sinclair Opens Up On Gold, Silver, & System Failure", http://www.silverdoctors.com/silver/silver-news/legendary-trader-jim-sinclair-opens-up-on-gold-silver-system-failure/

Interesting QA session with Jim Sinclair and Bill Holter!  VERY open with their opinions on what's going on, and where things are headed, if TPTB get their way.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Serviceman gets compensation for UFO damage.

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