Daily Digest

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Daily Digest 3/31 - Monetary Disaster Insurance, Are The World's Microbiomes At Risk?

Thursday, March 31, 2016, 10:40 AM

Economy

Law enforcement took more stuff from people than burglars did last year (jdargis)

Armstrong claims that "the police are now taking more assets than the criminals," but this isn't exactly right: The FBI also tracks property losses from larceny and theft, in addition to plain ol' burglary. If you add up all the property stolen in 2014, from burglary, theft, motor vehicle theft and other means, you arrive at roughly $12.3 billion, according to the FBI. That's more than double the federal asset forfeiture haul.

U.S. Attorney, FBI and IRS announce charges against DPS principals in school supplies scandal (Phil H.)

According to the criminal complaints, the principals approved fraudulent invoices from the vendor in order to receive payment from DPS for supplies that were ordered. The vendor reportedly provided cash, checks or gift cards to the principals in many cases as kickbacks, instead of delivering the full amount of supplies that were ordered.

FBI hacks iPhone: Does this make your phone less private? (Uncletommy)

Data on the phone would be scrambled unless a correct password was entered, and Apple has repeatedly said it would need to create technology to defeat that encryption. Farook intentionally disabled the phone's iCloud backup feature six weeks before the Dec. 2 attacks, according to court documents.

Robert Kiyosaki: Markets headed for the worst crash in history this year (Herman J.)

Robert Kiyosaki argues a giant flaw in the 401(k) system will lead to the worst market crash in history in 2016.

Monetary Disaster Insurance (Tiffany D.)

Founded in 1880, it’s seen nearly 150 years’ worth of disasters. The company paid out the inflation-adjusted equivalent of $150 million for the 1906 San Francisco earthquake. It endured the loss of its U.S. operations at the outset of World War II, outlasting the Third Reich and the war’s devastation of Europe. When the Twin Towers got hit, Munich Re paid out nearly $2 billion in claims.

Silver’s Bullish Cup And Handle Pattern (Taki T.)

From a technical point of view, the upside target is reflected by adding the value which represents the depth of the “cup” to the resistance line. That price target comes in at $18.15. Uncoidentally, that price level is similar to the second target explained above.

The First Official Map of Human-Induced Earthquake Hazards (jdargis)

In some human-induced hotspots, the risk of damaging quakes is roughly on par with that of California. Oklahoma, Kansas, Texas, Colorado, New Mexico, and Arkansas face the biggest hazards. Most earthquakes in these areas hover around a 3.0 magnitude, but a 2011 quake linked to wastewater injection in Oklahoma hit a magnitude of 5.6.

Climate Model Predicts West Antarctic Ice Sheet Could Melt Rapidly (jdargis)

Continued high emissions of heat-trapping gases could launch a disintegration of the ice sheet within decades, according to a study published Wednesday, heaving enough water into the ocean to raise the sea level as much as three feet by the end of this century.

With ice melting in other regions, too, the total rise of the sea could reach five or six feet by 2100, the researchers found. That is roughly twice the increase reported as a plausible worst-case scenario by a United Nations panel just three years ago, and so high it would likely provoke a profound crisis within the lifetimes of children being born today.

Is Climate Change Putting World's Microbiomes at Risk? (debu)

"These microbes have somehow lost the capacity to adapt to the new conditions," said Vanessa Bailey, one of the authors of the study, published this month in PLOS One. That not what scientists anticipated, and it "calls into question the resilience of the overall environment to climate change," she said. "Soil is the major buffer for environmental changes, and the microbial community is the basis for that resilience."

Railroad Stocks Hit Hard By Oil And Coal Collapse (Josh O.)

“Applying sound management reforms to global fisheries in our dataset could generate annual increases exceeding 16 million metric tons (MMT) in catch, $53 billion in profit, and 619 MMT in biomass relative to business as usual,” the authors explain in their study. “We also find that, with appropriate reforms, recovery can happen quickly, with the median fishery taking under 10 [years] to reach recovery targets. Our results show that commonsense reforms to fishery management would dramatically improve overall fish abundance while increasing food security and profits.”

Good Management can Lead to a More Sustainable Future (David B.)

We find a very close relationship between the status of fish stocks and their size. One measure of stock status is their average size relative to their abundance that would produce long term maximum yield. Small stocks with potential yield of less than 1,000 T are at 76% of the level that would produce long term yield. The largest stocks (> 500,000 T potential yield) on the other hand, are at 1.34 times this target level. Essentially, small stocks are fished harder than large stocks.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/29/16

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
How to Hack an Election

For eight years, Sepúlveda, now 31, says he traveled the continent rigging major political campaigns. With a budget of $600,000, the Peña Nieto job was by far his most complex. He led a team of hackers that stole campaign strategies, manipulated social media to create false waves of enthusiasm and derision, and installed spyware in opposition offices, all to help Peña Nieto, a right-of-center candidate, eke out a victory. 

On the question of whether the U.S. presidential campaign is being tampered with, he is unequivocal. “I’m 100 percent sure it is,” he says.

http://www.bloomberg.com/features/2016-how-to-hack-an-election/

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