Daily Digest

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Daily Digest 3/4 - Good News Friday: Natural Light Brings Life to Zambia, A Toast To Civil Liberty

Friday, March 4, 2016, 11:03 AM

Economy

Man Slays IRS, Gets Life Savings Of $153,907.99 Back (Aaron M.)

The Institute filed a petition for Ken in July 2015, arguing that the IRS should give him his money back under a new policy – adopted in October 2014 – that supposedly protects innocent people. But the new policy came after Ken’s money was seized. On Feb. 18, the IRS sent the Institute of Justice a fax stating that the money would be returned.

Natural Light Brings Life and Light to Zambia (Michael W.)

"The lamps mean the girls can do their homework when they get back from school and can feel safer at night, instead of huddling together in the dark after sunset. And it's particularly important for our children that they feel safe- many are carrying the mental baggage such as trauma of violence, rape or drugs," says safe house manager Verann Delarey.

Jobs Report Shows Brisk U.S. Hiring in February (jdargis)

The Labor Department also revised its figures for December and January, adding 30,000 more jobs collectively for the two months.

Wall Street has been betting that the Federal Reserve would put off any interest rate increase at its next meeting later this month. But economists said the strong jobs report would at least give policy makers at the central bank pause. “This number will certainly spice up the Fed’s discussion,” Mr. Tannenbaum said.

We can afford to lose more genes than we’d thought (jdargis)

The researchers found naturally occurring knockouts in 781 genes in 821 people (meaning some of the same genes were knocked out in more than one person). A hundred and seven of these genes had already been identified in a similar study of Icelanders, another famously interrelated group. The researchers speculate that these genes are either really dispensable or really mutation-prone.

Why Drinking Beer in Central Park Is a Toast to Civil Liberty (jdargis)

This is a great development for NYC, not just because it’s one strike against America’s buzzkill open-container laws, but because crimes like public drinking and public urination—called “quality of life” or “broken window” offenses—are often used to target marginalized residents of the city, either (supposedly) to deter greater crimes, or just to let arrestees know they’re not welcome in certain neighborhoods. While issuing summonses for these offenses can still create a hostile environment and cause trouble for those without means or with adverse legal histories, the city’s new policies are a step toward reforming policing that improves life for a small percentage of the city’s residents while making life harder for many others.

Obama Says Enrollment in Affordable Care Act Reaches 20 Million (jdargis)

The law has been particularly successful in places like Milwaukee, where a coalition of local leaders, charities and health care companies have worked to sign up those who did not have health insurance.

Average insurance premiums in the city fell 2.1 percent for 2016 plans, according to the Kaiser Family Foundation. “It’s an example of what community outreach can do even in the face of a governor who is not supportive of the A.C.A.,” said Drew Altman, the president and chief executive of the foundation, which focuses on health issues.

Innovative Project to Provide Renewable Energy 24/7 to Chilean Village (HughK)

The project includes the installation of a pumped-storage hydroelectric plant, which will pump seawater up a cliff on the coast using solar energy, to a natural storage basin at an altitude of 600 metres.

In the night-time, when no solar energy is available, the plant will generate electricity by releasing the stored water, which will rush down through the same tunnels. This will provide a steady round-the-clock supply of energy – 24 hours a day/seven days a week – overcoming the problem of intermittency of renewable energy sources.

A rare and beautiful “super bloom” of wildflowers is taking over Death Valley (jdargis)

The result is that for the past two months, the suddenly fertile desert is fostering an explosion of wildflowers, unofficially coined a “super bloom.” These super blooms happen about once every 10 years; the last ones in 2005 and 1998 were also due to an El Niño weather pattern, according to the National Park Service. “I never imagined that so much life could exist here in such staggering abundance and intense beauty,” Alan Van Valkenburg, a park ranger who has lived in Death Valley for 25 years, said in a press release.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/3/16

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]peakprosperity.com. 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."

4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Era of zero, negative interest rates could last for years

Era of zero, negative interest rates could last for years: Barclays

Reuters-Mar 3, 2016
"Negative nominal interest rates are more than just a passing monetary fad," ... Barclays said the natural rate of interest across the developed world, where ...

US Treasury to Sell $123 Billion of Debt

Wall Street Journal-19 hours ago
The Treasury Department will auction $123 billion in securities next week, comprising $54 billion in new debt and $69 billion in previously auctioned debt.

Abe choice for BoJ board signals determination on stimulus

Financial Times-7 hours ago
Shinzo Abe has nominated an obscure 70-year-old economist to replace the only woman on the Bank of Japan board in a sign of his determination to pack the ...

COLUMN-Pensions and insurance may be undone by negative ...

Reuters-18 hours ago

Negative rates reduce investment returns in nominal terms, a problem which ... With interest rates at 1 percent or less globally, there is room for negative interest ..

Economist: For The ECB, It's No Longer About Oil

Bloomberg-7 hours ago
Inflation in the euro area came in at 0.2 percent in February, piling further pressure on policymakers at the European Central Bank ahead of next week's ...

Negative rates encourage Japan firms to issue long-dated bonds

Reuters-6 hours ago
Corporate issuers seen opting for long-term debt as yields sink ... total corporate bond issuance fell to a 10-year low of 6.848 trillion yen ($61.31 billion) in 2015.

China Said to Intervene in Stocks Ahead of Annual Policy Meeting

Bloomberg-7 hours ago
... paced gains in the $5.5 trillion market on Friday even as small-capitalization shares ... The ratings company highlighted the nation's surging debt burden and ...

Puerto Rico's Growing Financial Crisis Threatens Health Care, Too

NPR - ‎21 hours ago‎
The U.S. territory is mired in an economic recession and is more than $72 billion in debt — a debt that Puerto Rico's Gov. Alejandro Garcia Padilla says the island can't pay. But the chronic underfunding of healthcare is an even more pressing crisis ...

USC's tuition will top $50000 for the first time

Los Angeles Times-4 hours ago
It's now in the midst of a $6-billion fundraising drive. ... That means USC graduates are leaving Los Angeles with less student debt. Members of USC's class of ...

Alberta budget deficit could top $10 billion

Airdrie City View-22 hours ago
Alberta's deficit for next year could top $10 billion after projected quick recoveries in the price of oil were proven wrong, according to Finance Minister Joe Ceci.

Looming education cuts threaten public, private schools

KSLA-TV-15 hours ago

Louisiana is facing budget shortfall of more than $900 million for the fiscal year ending June 30 and a $2 billion deficit for the fiscal year after, prompting newly .

Oklahoma state agencies facing even deeper budget cuts to make ...

kfor.com-22 hours ago

OKLAHOMA CITY – While the state is facing a major budget deficit, state leaders ... Oklahoma officials announced that the state is facing a $1.3 billion shortfall, .

Brazil's economy heading for depression after slumping 3.8% in 2015

euronews - ‎21 hours ago‎
It was the largest annual contraction since 1990, when Brazil was struggling with hyperinflation and a debt default. The outlook is almost as grim with the central bank forecasting a 3.45 percent contraction for this year. Brazil is “replicating the ...
Tall's picture
Tall
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Posts: 564
Nestle and Ferrero on track to keep sustainable palm oil promise

 "Brands are not doing enough to stop the palm oil industry ransacking Indonesia's rainforests," said Annisa Rahmawati, Greenpeace Indonesia's forest campaigner.

Colgate-Palmolive, Johnson&Johnson and PepsiCo were declared the worst performers.

http://www.smh.com.au/business/retail/colgatepalmolive-johnsonjohnson-an...

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Tall
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Joined: Feb 18 2010
Posts: 564
Supreme Court refuses to block controls on toxic mercury

A month after it hobbled the Obama administration’s signature regulation on climate change, the Supreme Court declined Thursday to block a different air-pollution rule that seeks to cut toxic emissions from the nation’s power plants.

https://www.washingtonpost.com/news/energy-environment/wp/2016/03/03/sup...

 

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
More good news (or optimism) for Friday

We can pull the planet out of its self destructive tailspin

http://reports.thomsonreuters.com/susty7/

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