Daily Digest

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Daily Digest 5/14 - Energy Sector Hit With Bankruptcies, What Was the Greatest Era for Innovation?

Saturday, May 14, 2016, 11:18 AM

Economy

Details Emerge on Global Bank Heists by Hackers (jdargis)

Swift, an acronym for the Society for Worldwide Interbank Financial Telecommunication, is a global banking consortium that operates a secure and trusted network that sends payment instructions between banks across international borders. In the predictable finger-pointing that has followed the news of the attacks, Swift has pointed out that its core network was not hacked — just the end points at which the banks tap into it — and the New York Fed has reiterated that it followed all proper procedures.

Unemployment Claims Spike Again As We Get More Scientific Evidence The Middle Class Is Shrinking (David B.)

Just a couple days ago I reported that job cut announcements at major firms are running 24 percent higher this year compared to the first four months of last year.

So we should fully expect that the number of Americans seeking unemployment benefits will continue to accelerate.

Signals From Gold and the S&P (Taki T.)

The exponential trend since 1990 is clear. We can reasonably expect they will continue to rise until we experience a massive reset in the financial systems.

What about the RATIO of gold to the S&P 500 Index?

A bit of debris chipped the International Space Station. That’s just one piece of a much bigger problem. (LesPhelps)

“I am often asked if the International Space Station is hit by space debris,” British astronaut Tim Peake, who took the freaky photo of the damaged window, said in a statement. “Yes — this is the chip in one of our Cupola windows, glad it is quadruple glazed!”

Um, yeah. You can say that again.

What Was the Greatest Era for Innovation? A Brief Guided Tour (jdargis)

We thought a better way to understand the significance of technological change would be to walk through how Americans lived, ate, traveled, and clothed and entertained themselves in 1870, 1920, 1970 and the present. This tour is both inspired by and reliant on Robert J. Gordon’s authoritative examination of innovation through the ages, “The Rise and Fall of American Growth,” published this year. These are portraits of each point in time, culled from Mr. Gordon’s research; you can decide for yourself which era is truly most transformative.

Tummy problems? Just swallow this stomach-repairing origami robot made of meat (jdargis)

Embedded in the center of one of the robot’s accordion folds is a tiny magnet that allows the robot to be steered using magnetic fields outside the body. The same magnet can pick up a button battery. Each year, thousands of kids accidentally swallow button batteries—the tiny fuel cells from toys, wristwatches, calculators, and other common household gadgets. If the battery gets stuck in the esophagus or stomach, it can leak electrical current and burn through tissue, causing potentially lethal injuries.

Energy Sector Hit With Two More Big Bankruptcies (Josh O.)

In the first case, oil and gas producer Linn Energy LLC filed for chapter 11 bankruptcy after reaching a deal with lenders to restructure its $8.3 billion debt load and obtain $2.2 billion in fresh financing. In its bankruptcy filing press release, Linn announced that the holders of more than 66 percent of its credit facility have agreed to the “broad terms” of a debt restructuring but didn’t provide further details. The lenders also agreed to let Linn Energy spend the cash securing their debt, known as cash collateral, and to help fund a new $2.2 billion term loan.

WHO: Global air pollution is worsening, and poor countries are being hit the hardest (jdargis)

The figures released Thursday were part of an updated WHO global database of air pollution for cities and smaller human settlements across the world. The database now covers 3,000 cities, towns and villages in 103 countries, listing average annual levels of particulate matter in the air. This includes tiny particles less than 2.5 micrometers in size, known as PM2.5, which are thought to be the most deadly because they can find their way deep into a person’s lungs.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/13/16

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."

2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4167
You just may want to pick up and move if.....

CPS warns of dramatic cutbacks to summer school programs

Chicago Sun-Times - ‎May 13, 2016‎
Chicago Mayor Rahm Emanuel, second from left, responds to a question about the Chicago Public Schools during a news conference in 2015. Pictured are from left, Frank Clark, president of the Chicago Board of Education, Emanuel, Janice Jackson, Chief ...

Chicago may cut summer school programs despite a surge in violence

The Guardian-6 hours ago

The Chicago public school system may dramatically cut back summer school programs for their most vulnerable students this year, despite a surge in shootings ..

Murders Are Up in Many US Cities Again This Year

TIME-May 13, 2016
Chicago experienced one of the biggest homicide increases of any city, jumping to 141 homicides in 2016 compared with 83 in 2015. In the last several months, ...

Venezuela opposition slams 'desperate' Maduro state of emergency

Reuters - ‎3 hours ago‎
CARACAS Venezuela's opposition on Saturday slammed a state of emergency decreed by President Nicolas Maduro and vowed to press home efforts to remove the leftist leader this year amid a grim economic crisis. Maduro on Friday night declared a ...

Venezuela Plans Army Exercises as Maduro Seeks to Prolong Powers

Bloomberg-2 hours ago
Venezuelan President Nicolas Maduro announced undefined “military exercises” for the embattled nation, just a day after pledging to prolong his government's ...

Venezuela looters target chicken, flour amid worsening shortages

CNBC-May 13, 2016

Mobs in Venezuela have stolen flour, chicken and even underwear this week as looting increases across the crisis-hit OPEC nation where m

Venezuela Unleashes Tanks as 4 Killed, 1200 Arrested

Latin American Herald Tribune-May 10, 2016
CARACAS -- Police and National Guard killed four suspects Tuesday during a wide raid in Western Caracas that involved tanks and helicopters, as Venezuela ...

 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1926
Should the Kremlin Release 20,000 of Hillary's "Lost" Emails?

This just cracks me up in a very sick way:

Judge Andrew Napolitano revealed on Monday that Russia has possession of around 20,000 of Clinton’s emails — leaving open the possibility her deletions might not have been permanent after all.

“There’s a debate going on in the Kremlin between the Foreign Ministry and the Intelligence Services about whether they should release the 20,000 of Mrs. Clinton’s emails that they have hacked into,” Napolitano told Fox News’ Megyn Kelly in an interview for The Kelly File.

....

Romanian hacker Guccifer, ... revealed he had easily and repeatedly accessed Clinton’s personal server — and he wasn’t the only one. ....  Romanian hacker also claimed he observed “up to 10, like, IPs from other parts of the world” during sessions on Clinton’s personal server.

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