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Daily Digest 3/15 - Russia 'To Pull Forces Out Of Syria,' Millions At Risk For Sea-Level Rise

Tuesday, March 15, 2016, 10:55 AM

Economy

Russia 'to pull its forces out of Syria' (pinecarr)

Vladimir Putin abruptly ordered the withdrawal of most Russian forces from Syria today in an unexpected and potentially significant moment in the five-year effort to end Syria's civil war. The Russian president made the shock announcement at a meeting of government minsters on Monday and said that his country's forces should begin leaving Syria as early as Tuesday.

Explaining Putin’s surprise move to pull most Russian forces out of Syria (jdargis)

“The Russian intervention turned the tide in Assad’s favor and allowed the Kremlin to cut a favorable deal with the West,” Matthew Rojansky, director of the Kennan Center, told Quartz. “Putin can always order the troops back into Syria—in a single dramatic gesture or gradually—in response to an alleged breach of the deal by the West or its allies.”

Former cyber czar says NSA could crack the San Bernadino shooter’s phone (lambertad)

Clarke explained that the FBI was trying to get the courts to essentially compel speech from Apple with the All Writs Act. "This is a case where the federal government using a 1789 law trying to compel speech. What the FBI is trying to do is make code-writers at Apple, to make them write code that they do not want to write that will make their systems less secure," he said. "Compelling them to write code. And the courts have ruled in the past that computer code is speech."

The Queen of Chaos and the Threat of World War III (richcabot)

Ever since Gorbachev naïvely ended the Cold War, the hugely over-armed United States has been actively surrounding Russia with weapons systems, aggressive military exercises, NATO expansion. At the same time, in recent years, the demonization of Vladimir Putin has reached war propaganda levels. Russians have every reason to believe that the United States is preparing for war against them, and are certain to take defensive measures. This mixture of excessive military preparations and propaganda against an “evil enemy” make it very easy for some trivial incident to blow it all up.

Prescription Painkiller Crisis: Why Do Americans Consume 80 Percent Of All Prescription Painkillers? (Aaron M.)

In the Appalachians, these prescription painkillers are commonly known as “hillbilly heroin“, and all of the attention that the New Hampshire primaries received focused a lot of attention on how this crisis is destroying countless numbers of lives up in the Northeast. But one survey found that the states with the biggest problems with painkiller addiction are actually in the West...

There’s Only One Buyer Keeping S&P 500’s Bull Market Alive: C-suite Stock Option Collectors (Aaron M.)

“Anytime when you’re relying solely on one thing to happen to keep the market going is a dangerous situation,” said Andrew Hopkins, director of equity research at Wilmington Trust Co., which oversees about $70 billion. “Over time, you come to the realization, ‘Look, these companies can’t grow. Borrowing money to buy back stocks is going to come to an end.”

Escape the U.S. Collapse in Uruguay (Tiffany D.)

I arrived in Uruguay a day early to get reacquainted with Punta del Este and to help prep for the Offshore Investment Summit. Jeff Opdyke, who has made many trips to Uruguay over the years, played tour guide, showing me around the area surrounding Punta del Este, with its amazing beaches, quaint shops and simply amazing restaurants. (If you were wondering, Jeff did finally pay up and get me a Chivito sandwich, which he has been taunting me with for at least two years. It was worth the wait!)

Solar Power Is About To Get MUCH Cheaper (Josh O.)

Solar City seems poised to continue that aggressive trend of improvement in solar power. The company is in the process of building an enormous $750 million factory in Buffalo, NY that will produce 10,000 solar panels per day, or one gigawatt of power generation capacity per year. Once completed, the plant will be the largest in North America, and one of the biggest in the world. It’s hard to overstate the potential importance of this factory. If done right, the plant could catapult America to be one of the leaders in solar power in the future in the same way that the Rouge River plant made Ford Motor Company one of the world’s leading auto manufacturers.

Millions projected to be at risk from sea-level rise in the continental United States (jdargis)

Sea-level rise (SLR) is one of the most apparent climate change stressors facing human society1. Although it is known that many people at present inhabit areas vulnerable to SLR2, 3, few studies have accounted for ongoing population growth when assessing the potential magnitude of future impacts4. Here we address this issue by coupling a small-area population projection with a SLR vulnerability assessment across all United States coastal counties.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/14/16

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

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
12 million yearly deaths associated with unhealthy environments

 

Burden of disease in WHO Regions
An estimated 12.6 million people died as a result of living or working in an unhealthy environment in 2012 – nearly 1 in 4 of total global deaths, according to new estimates from WHO. Environmental risk factors, such as air, water and soil pollution, chemical exposures, climate change, and ultraviolet radiation, contribute to more than 100 diseases and injuries. 
 
Regionally, the report finds, low- and middle-income countries in the WHO South-East Asia and Western Pacific Regions had the largest environment-related disease burden in 2012, with a total of 7.3 million deaths, most attributable to indoor and outdoor air pollution. Further regional statistics listed in the report include: 
• 2.2 million deaths annually in African Region 
• 847 000 deaths annually in Region of the Americas 
• 854 000 deaths annually in Eastern Mediterranean Region 
• 1.4 million deaths annually in European Region 
• 3.8 million deaths annually in South-East Asia Region 
• 3.5 million deaths annually in Western Pacific Region 
Low- and middle-income countries bear the greatest environmental burden in all types of diseases and injuries
 
http://www.who.int/mediacentre/news/releases/2016/deaths-attributable-to-unhealthy-environments/en/
 
Doug's picture
Doug
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Posts: 3176
Solar City

The panel factory mentioned in the article is only one half of the Solar City equation.  The other half is the home back up storage system now designed for power in a grid down situation.  There is probably little reason it can't be developed into a system that will allow total off grid operation for homes without the messy series of marine batteries presently preferred for off grid systems.

http://www.solarcity.com/residential/backup-power-supply

pinecarr's picture
pinecarr
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Posts: 2247
Thanks for the link, Doug

I'm curious to see what kind of a price they'll offer once they get the new factory rolling...

phecksel's picture
phecksel
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Posts: 204
AWESOME Solar City seems

AWESOME

Solar City seems poised to continue that aggressive trend of improvement in solar power. The company is in the process of building an enormous $750 million factory in Buffalo, NY that will produce 10,000 solar panels per day, or one gigawatt of power generation capacity per year.

But damn those pesky details

What makes the Solar City project all the more appealing is that the project is largely paid for by the State of New York which is understandably eager to do anything it can to help revive Buffalo from its Rust Belt doldrums.

Doug's picture
Doug
Status: Diamond Member (Offline)
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Posts: 3176
solar city

Part of the reason I'm pleased about the plant going into Buffalo is because I live nearby and this the largest job creator I've seen in the 35 years I've lived here. We are part of the rust belt and have been in a high poverty area for a long time.

Andrew Cuomo is a smart guy who recognizes a good investment when he sees it. He has done a lot to bring a measure of prosperity to poverty ridden upstate. That's what good government is all about, allocating money where it will do the most good.

saxplayer00o1's picture
saxplayer00o1
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Posts: 4167
California pension debts revealed

Kuroda Says Minus 0.5% Rate Is Theoretically Possible for Japan

Bloomberg - ‎14 hours ago‎
The Bank of Japan has quite a lot of room to cut its key interest rate further and theoretically it could go to minus 0.5 percent, Governor Haruhiko Kuroda said in parliament Wednesday. While the BOJ kept policy unchanged on Tuesday, Kuroda underscored ...
 

Man With Longest History of Negative Rates Says We Can Go Lower

Bloomberg-3 hours ago
The comments come as a growing number of increasingly desperate central bankers across the globe resort to negative interest rate policies as a way to revive ...
 

Global banking system awash with cash, but lending stagnates

Reuters-4 hours ago
This is potentially dangerous for the world economy because after nearly a decade of unprecedented stimulus to revive the global economy and financial system ...
 

Emerging debt swelled $1.6 trillion in 2015, poses risks - IIF

Yahoo News UK-2 minutes ago
LONDON (Reuters) - Total debt in emerging markets grew by $1.6 trillion in 2015 to more than $62 trillion, the Institute of International Finance said on ...
 

LA County's debt has doubled, mostly because of new accounting ...

Los Angeles Times-10 hours ago
Under a required change in accounting practices, Los Angeles County's projected long-term debt has doubled to $20 billion, largely the result of unfunded ...

Dan Walters: California pension debts revealed

Sacramento Bee (blog)-16 hours ago
Thanks to new accounting standards, California's state and local governments are being forced to acknowledge tens of billions of dollars in previously obscure ...

Peabody flags bankruptcy risk after missing payment

CNBC-4 hours ago

Peabody's lenders are pushing the company to restructure its debt through bankruptcy but ... 31, the company had a total debt of $6.3 billion and cash and cash ..

Shadow Lending for Chinese Home Down Payments Prompts ...

Bloomberg-16 hours ago
... bring further risks to the financial system, as the banks already have a lot of bad debt. ... Some 660 such P2Ps made 115.5 billion yuan worth of online deposit, ...

California's largest district faces fiscal uncertainty despite infusion of ...

EdSource-10 hours ago
... year of dire warnings, California's largest school district, Los Angeles Unified, is finally taking steps to address budget deficits projected to exceed a half billion ...

UK and US groups weighed down by $520bn in pension deficits

Financial Times - ‎10 hours ago‎
Citi said there were $78tn of unfunded or underfunded government pension liabilities in the OECD. That compares with published national debt of $44tn. “When you look at the magnitude of unfunded pension liabilities, it is a ticking time bomb,” said ...
 
 

Rich countries have a $78 trillion pension problem

CNBC - ‎2 hours ago‎
The total value of unfunded or underfunded government pension liabilities for 20 countries belonging to the Organisation for Economic Co-operation and Development (OECD) — a group of largely wealthy countries — is $78 trillion, Citi said. (The ...

Cash in Vaults Tested by Munich Re as Banks Charge to Hold Funds

Bloomberg-1 hour ago
Institutional investors including insurers, savings banks and pension funds are ... a sub-zero deposit rate to push down market credit costs and spur lending.

 

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 428
pinecarr wrote: I'm curious
pinecarr wrote:

I'm curious to see what kind of a price they'll offer once they get the new factory rolling...

Survival depends on having large production contracts in place with utilties. If they are planning on spec. sales, they'll be going bankrupt in about a year or two after they begin production. I don't see consumers spending big to go solar.

 

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