Daily Digest

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Daily Digest 2/23 - The War On Privacy, What's In Your Food?

Tuesday, February 23, 2016, 12:20 PM

Economy

Even Bank Bailout Architect Says Time To Break Up Banks (richcabot)

The $700 bank bailout plan Kashkari helped author, known as the Troubled Asset Relief Program (TARP), stopped the Wall Street firms that caused the crisis from going bankrupt. A parallel process, undertaken by New York President Timothy Geithner along with the Treasury Department, pressured the Wall Street banks to merge and get even bigger in hopes that size would increase confidence in the financial system.

Apple vs. the FBI: The War on Privacy (Tiffany D.)

The phone in question almost certainly contains nothing of interest to this investigation. It was a work phone issued by San Bernardino County, Farook’s employer. It was the only phone Farook and his wife owned that they didn’t destroy before they were killed. It was providing backups to the iCloud until just before the killings, and the FBI was able to get those backups easily. If Farook contacted any co-conspirators by smartphone, he certainly didn’t use this one. And if he called or texted anyone on it whilst the shootings were in progress, the FBI can subpoena those details under existing case law from the county’s cell service provider.

Michael Hudson Discusses the New Global Financial Cold War (KathyP)

The United States has responded by changing the IMF rules. It said, ‘Wait a minute. It’s okay for the IMF to make loans to countries that don’t pay China and Russia or the BRICs, because we’re in a new Cold War. The IMF really is working for us.’ As long as the U.S. has veto power in the IMF, its delegate can veto any loan to a country that owes money to the United States that the United States doesn’t wish to support. But it has no objection for the IMF making loans to U.S. satellites such as Ukraine, that official debts to Russia.

Copper: The Next Metal Set To Rise After Gold? (Taki T.)

The grey moving average on the larger chart is the 60 day moving average, which is more important than the widely followed 50 DMA, and it shows signs of flattening, a very bullish signal, certainly if it will transition into a rising pattern.

The media are misleading the public on Syria (richcabot)

Coverage of the Syrian war will be remembered as one of the most shameful episodes in the history of the American press. Reporting about carnage in the ancient city of Aleppo is the latest reason why.

Which Type of Exercise Is Best for the Brain? (richcabot)

Exercise also, and perhaps most resonantly, augments adult neurogenesis, which is the creation of new brain cells in an already mature brain. In studies with animals, exercise, in the form of running wheels or treadmills, has been found to double or even triple the number of new neurons that appear afterward in the animals’ hippocampus, a key area of the brain for learning and memory, compared to the brains of animals that remain sedentary. Scientists believe that exercise has similar impacts on the human hippocampus.

Ford spent $40 million to reshape asbestos science (richcabot)

Thus began a relationship that, according to recent depositions, has enriched Exponent by $18.2 million and brought another $21 million to Cardno ChemRisk, a similar firm Paustenbach founded in 1985, left and restarted in 2003. All told, testimony shows, Ford has spent nearly $40 million funding journal articles and expert testimony concluding there is no evidence brake mechanics are at increased risk of developing mesothelioma. This finding, repeated countless times in courtrooms and law offices over the past 15 years, is an attempt at scientific misdirection aimed at extricating Ford from lawsuits, critics say.

Natural Gas Prices Are Unsustainably Low (Josh O.)

The production increases reported by EIA are year-over-year comparisons that don’t reflect declines during the last 4 months.

Prices have fallen to less than half what they were in early 2014. The average price for the first quarter of 2016 is only $2.25 per MMBTU.

How Saudis can cut oil production (HughK)

A production cut is plainly good for all oil exporting countries, with a payback of 4-8 times the value of production cuts. But it is best for Saudi Arabia and Russia—as these are by far the two largest oil exporters. Consider the following scenario: Saudi Arabia and Russia cut exports by 500,000 barrels per day each, Iraq cuts by 200,000 barrels per day, and Iran increases exports by 250,000 barrels per day—a reasonably plausible deal.

What's in your food? Nobody really knows (richcabot)

Why doesn’t government know what’s in your food? Because industry can declare on their own that added ingredients are safe. It’s all thanks to a loophole in a 57-year old law that allows food manufacturers to circumvent the approval process by regulators. This means companies can add substances to food without ever consulting the Food and Drug Administration about potential health risks.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/22/16

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."

7 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1614
Strict gun control bearing fruit in Chicago

http://www.chicagotribune.com/news/local/breaking/ct-weekend-shootings-3-dead-29-wounded-20160222-story.html

Four homicides over the weekend and two more Monday morning pushed Chicago's homicide count so far this year to double the same period last year. 

The city has recorded at least 95 homicides since the first of the year, compared to 47 last year, according to data kept by the  Tribune. The city has also more than doubled the amount of people shot - about 420 this year compared to 193 last year. 

Thirty-two people were shot in Chicago over the weekend, the youngest among them a 3-year-old boy shot in the leg in the Englewood neighborhood. 

The boy was shot as he played with a relative in the 5600 block of South Wolcott Avenue on Saturday afternoon.  He was taken to Comer Children’s Hospital, where his condition was stabilized. 

 

Police said the boy apparently was hit by a stray bullet fired in a gang fight. No one was reported in custody.

Hours earlier, a woman and a security guard were wounded outside a South Loop nightclub.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Free Fallin'

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Wesley Clark

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
It's all in the timing...

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Yeesh

50k plus views in less than 4 hours on FB, less than 2k on Youtube.

Anyone believe either number?

MAV's picture
MAV
Status: Member (Offline)
Joined: Oct 7 2008
Posts: 12
You are talking about the Free Fallin video right?

I think facebook gets so many views because they changed to autoplay a couple weeks or months ago.  With autoplay, the viewer does not actually have to click play.  If it is on their news feed, the video starts to play (muted).  The change did cause videos to rack up the view counts but does not necessarily mean the person watched and paid attention to the video.  They could have just scrolled past - never heard any of the audio but still increased the view count.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Perhaps
MAV wrote:

I think facebook gets so many views because they changed to autoplay a couple weeks or months ago.  With autoplay, the viewer does not actually have to click play.  If it is on their news feed, the video starts to play (muted).  The change did cause videos to rack up the view counts but does not necessarily mean the person watched and paid attention to the video.  They could have just scrolled past - never heard any of the audio but still increased the view count.

But then again, less than 24 hours later...

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