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Daily Digest 6/5 - More Than Five Years of War In Syria, A Suburban Experiment For Free Energy

Sunday, June 5, 2016, 9:52 AM

Economy

Panama Papers Reveal How Wealthy Americans Hid Millions Overseas (jdargis)

In recent weeks, the papers’ revelations about Mossack Fonseca’s international clientele have shaken the financial world. The Times’s examination of the files found that Mossack Fonseca also had at least 2,400 United States-based clients over the past decade, and set up at least 2,800 companies on their behalf in the British Virgin Islands, Panama, the Seychelles and other jurisdictions that specialize in helping hide wealth.

Trump and the Fear of Evil in America (jdargis)

It’s no coincidence that John Stormer’s book, None Dare Call it Treason, was a runaway bestseller in 1964—the same year Barry Goldwater, the last GOP nominee to be as fiercely anti-establishment as Trump, ran for president. The book reportedly sold more than 7 million copies. Stormer, a Missouri-based Baptist pastor and Christian school administrator, wrote a decade after the peak of the McCarthy era’s red-baiting. His book was, at one level, a straightforward rehash of conspiratorial thinking about communism in the highest levels of the U.S. government.

Lunch with the FT: James Baker (jdargis)

Baker opens with a question: will Britain stay in the European Union? Well, the Remain camp is winning the economic argument, I reply. Obama’s trip to London helped. Then Leave was forced to admit that Britain outside the EU would no longer enjoy access to the single market. So they argued for a trade deal with the EU on the lines of Albania, Bosnia, Serbia and Ukraine.

In Syria: More Than Five Years of War (jdargis)

For more than five years now, Syrians have endured the loss and hardship caused by a protracted civil war. An estimated 4.8 million Syrians have fled their homeland, filling refugee camps in neighboring countries. Despite a partial cease-fire agreement, airstrikes, ground attacks, bombings, and street battles take place nearly every day as Syrian government forces battle with a number of rebel groups, including ISIS, which faces pushback in Iraq as well. Russian involvement surged at the end of last year, as it flew thousands of bombing attacks in support of the Assad government. The complex and dangerous situation remains nowhere near resolved, with foreign intervention increasing and those caught in the crossfire suffering the most. Gathered here are images of the ongoing Syrian conflict from the past few months.

Saudi Oil Chief Khalid al-Falih Tells OPEC Changes Are Coming (jdargis)

While other OPEC members have been urging the freezing or lowering of oil production, Mr. Falih is pushing to keep it high and plow the money into other industries that might prove profitable for Saudi Arabia. He wants the cartel to rethink its longstanding approach and assumptions that it can manage global oil supplies and prices.

It runs counter to the longtime stance of his predecessor, Ali al-Naimi, who presided over an era when OPEC was largely content to restrain production to try to drive prices up.

A Suburban Experiment Aims for Free Energy (jdargis)

“We’re on that inflection point on the growth curve,” he said. “We’re proving the business case to a growing number of builders in key pockets of construction around the country. It takes some really good examples by leading builders to showcase just how cost-effective and technically achievable these specifications are.”

For Driverless Cars, Citylike Test Sites Offer the Unpredictable (jdargis)

On a recent sunny afternoon, a gap in the sheeting afforded a view of a black Lincoln MKZ sedan with sensors mounted on its roof and two engineers in the front seats. It crept cautiously toward an intersection, slowed to a stop and executed a right turn, using its turn signal, of course. The black car made its way through the artificial downtown.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/3/16

Provided daily by the Peak Prosperity Gold & Silver Group

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