Daily Digest

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Daily Digest 6/24 - Good News Friday: Technique For Super-Fertile Soil, Can Ocean Preserves Save Threatened Species?

Friday, June 24, 2016, 9:57 AM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!


But first.......

World Markets Upended by Brexit as Stocks, Pound Drop; Yen Soars (jdargis)

Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years and European banks to their steepest losses on record.

"It’s Scary, And I’ve Never Seen Anything Like It" - Where Markets Are The Morning After (jdargis)

European, Asian stocks and S&P futures plummet, as U.K. votes to leave European Union membership. FX carry trades everywhere go haywire, with the Dollar and Yen spiking while the Cable overnight plunged to 30 year lows and at last check was trading just around 1.37, down 1,300 pips from yesterday's highs. A modest rebound was experienced when first the Bank of England and shortly after all other central banks promised to pump virtually unlimited liquidity into the financial system. Ironically, all of this takes place a day after Fed’s stress tests showing all 33 banks exceed minimum requirements - we may find out just how "unstressed" they are as soon as today.

Brexit: What Happens Now? (jdargis)

Although it was his responsibility to remain in No 10 to "steady the ship" - including by attending a meeting of EU leaders next week - he announced he would step down in the autumn as he was not the right "captain to steer the country to its next destination".

Back to our regularly scheduled Good News Friday

Justice Department Reaches Deal With Mississippi County on Prison Reform (jdargis)

The settlement with Hinds County requires, for the first time, a local government to provide an array of options intended to reduce mass incarceration.

How a Low-Income Household College Student Graduated Without Massive Debt (jdargis)

Everyone told me to take out loans. However, I didn’t want to become vulnerable to debt once I graduated, especially after being raised in a low-income household. In four years, I didn’t want to fall behind on loan payments on top of the possibility of unemployment or underemployment. While both my parents started college (without student loans), neither finished their degree programs. This whole experience was new to me, and the only narrative I’d heard was the indebted, unemployed, recent college graduate.

Testing Drugs on Mini-Yous, Grown in a Dish (jdargis)

His solution was to build organoids—three-dimensional mini-organs that are grown in the lab from stem cells. Over the last 8 years, scientists have built organoids of retinas, stomachs, livers, kidneys, and even brains. These blobs recapitulate many of the complex features of their parent organs, so you can use them to study how those organs form normally, and how that process goes awry in genetic disorders.

Solar Impulse 2 completes world’s first solar-powered Atlantic flight (jdargis)

For power-saving reasons, the Solar Impulse 2 cockpit can only carry a single human, and is both unheated and unpressurised. The pilots do sleep while they're up in the air, but usually just for 20 minutes at a time (the telemetry data for one flight showed 10 catnaps of 20 minutes over a 24-hour period). Now multiply those conditions by a continuous flight time of three or four days and you have some idea of the rigours that Piccard and Borschberg must go through.

Three amigos summit seen as rare chance for big moves on climate change (jdargis)

Flanagan said the three leaders are ambitious about the environment in their own way: U.S. President Barack Obama is thinking about his legacy on climate file; Mexican President Enrique Pena Nieto has brought in a new energy transition law as part of his overall domestic reforms; and Prime Minister Justin Trudeau wants Canada to have a strong international reputation on climate.

Flanagan said it creates a unique chance for North America to become a climate action juggernaut.

Can Ocean Preserves Save Threatened Species? (jdargis)

The video above explains the intriguing mission of the Chagos Archipelago Open Ocean Expedition. The archipelago—which is about twice the size of Great Britain—was converted into a preserve in 2010, and fishing and longlining in the area was eliminated. Now, seven organizations, including the Zoological Society of London, are pooling their expertise to see what’s happened there in the years since.

This 700-Year-Old Farming Technique Can Make Super Fertile Soil (jdargis)

In only the past few years, researchers at universities around the world have realized that the Amazonian technique is replicated in various forms around the world, including West Africa. This new study, led by researchers at the University of Sussex, analyzed 177 sites in Liberia and Ghana and proved that biochar additions, practiced for centuries in these areas, have increased the carbon levels in the soil by two to three times.

Gold & Silver

Click to read the PM/BREXIT Market Commentary: 6/23/16

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."


saxplayer00o1's picture
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Central banks worldwide ready to provide more liquidity

Negative Yields Deepen in Japan as Yen Beyond 100 Tests Kuroda

Bloomberg-8 hours ago

... bank will add stimulus if needed, he's already facing criticism from Japanese lawmakers and investors for adopting a negative interest-rate

'Brexit' Forces Asia's Central Banks to Consider New Policy Moves

Wall Street Journal-4 hours ago
Its setting of a negative interest rate on some bank reserves in February has pushed borrowing costs lower, but this hasn't stimulated borrowing and the policy ...

Central banks worldwide ready to provide more liquidity

Deutsche Welle - ‎3 hours ago‎
The European Central Bank said Friday it was closely monitoring financial markets in the wake of the British vote to leave the EU. The chief monetary authority for the 19-member eurozone added it stood ready to provide additional credit to financial ...

Swiss central bank intervenes in currency markets amid pressure on franc

Belfast Telegraph - ‎6 hours ago‎
Switzerland's central bank has said it has intervened in currency markets after the Swiss franc came "under upward pressure" after the UK voted to leave the European Union. The Swiss National Bank (SNB) said in a statement that it intervened in the ...

ECB Hands Banks 399 Billion Euros With Promise to Pay for Loans

Bloomberg-6 hours ago
It amounts to a net borrowing of 31 billion euros after banks pay back loans ... week approved the payment of 7.5 billion euros of aid for the debt-strapped nation.

How Would CPS Bankruptcy Work?

Chicago Tonight | WTTW - ‎19 hours ago‎
Gov. Bruce Rauner on Thursday doubled down on his calls for bankruptcy protection for Chicago Public Schools. The troubled district is facing a $1 billion deficit, but bankruptcy is something that has rarely ever happened with a school district in ...

UK pension deficit hits 900 billion stg, matching record highs ...

Reuters-4 hours ago
June 24 Hymans robertson. * Uk Defined Benefit Pension Deficit Hits 900 Bln Stg, Matching Record Highs Hit In February. * Deficit jumps 80 bln stg overnight.

UK pension deficit jumps by £80bn overnight due to Brexit

The Actuary - ‎2 hours ago‎
However, he added pension funds were vulnerable to uncertainties. “Following the vote to Leave, it's likely that falls in expectations for UK GDP growth will weigh on equity markets and on interest rates – putting more pressure on funding deficits,” he ...

Brazil's Petrobras says its pension fund has $6.8 bln ...

Reuters-10 hours ago
... on Thursday its pension fund has 22.6 billion reais ($6.8 billion) in unfunded liabilities, ... The shortfall at the country's second-largest pension fund is the latest ...

Medicare trust fund running out of money fast

The Hill - ‎Jun 22, 2016‎
Officials said the projections for Medicare already take into account a "substantial reduction" in year-over-year healthcare costs, partly due to the administration's focus on delivery system reforms and changes to provider payments. The administration ...

Medicare Fund Could Be Depleted By 2028, Trustees Say

Kaiser Health News - ‎Jun 23, 2016‎
... the burden of rising costs. The government health-care plan's trustees projected in a report Wednesday that premiums would rise by as much as 22% for wealthier beneficiaries of Medicare Part B, which covers doctor visits and other types of ...

Higher Earners Face Steep Hikes in Medicare Premiums

Wall Street Journal - ‎Jun 22, 2016‎
Nearly a third of all Medicare beneficiaries face a steep increase in their premiums next year, the result of a policy that in certain circumstances requires some beneficiaries, including higher earners, to shoulder the burden of rising costs. The ...

Social Security trust fund projected to run dry by 2034

WQAD.com - ‎Jun 23, 2016‎
In terms of Medicare, the trustees project that the trust fund for Part A, which covers hospital costs for seniors, will run dry by 2028. That's two years earlier than they projected last year, due to lower than expected payroll taxes and a slower-than ...

Social Security benefits will rise next year, but just barely

Chicago Tribune-22 hours ago
Millions of Social Security beneficiaries would get a tiny increase in monthly ... The official 2017 cost-of-living adjustment, or COLA, won't be determined until the ...

Corporate-Bond Market Slams Shut as Brexit Result Rattles Europe

Bloomberg-3 hours ago
The high-yield market may take even longer to reopen after credit risk surged and ... The Markit iTraxx Europe index of credit-default swaps on investment-grade ...


Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936

More liquidity?

Hasn't that been tried already?

Settle down girls.  It's not for you. 

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Posts: 4260
Juncker insists Brexit not the beginning of the end for EU


Juncker insists Brexit not the beginning of the end for EU

euronews - ‎8 hours ago‎
The president of the European Commission, Jean Claude Juncker, has urged the UK to start negotiations for leaving the European Union immediately. Juncker was speaking at a press conference in Brussels hours after it became clear that the UK had voted ...

EU faces Brexit 'contagion' as populist parties across Europe call for referendums

Telegraph.co.uk - ‎11 hours ago‎
Populist and Eurosceptic parties across Europe moved to capitalise on the UK's decision to vote for Brexit by congratulating Britain on its vote for “freedom” and calling for referendums on EU membership to be held in their own countries. “Victoire de ...

Catalonia government head says Brexit shows split from Spain possible

Reuters - ‎11 hours ago‎
MADRID Britain's decision to leave the European Union strengthens the case for Catalonia to be allowed to seek independence from Spain, the head of the region's government said on Friday. Joining other leaders of nationalist movements in Europe in ...

Eyes on Spain election as debt bankers fear Brexit domino effect

Reuters-16 hours ago
The referendum result had the opposite effect on peripheral sovereign bond spreads: Spain's 10-year bond yields spiked 35bp at one stage to 1.82% before ...

Brexit SPREADS across Europe: Italy, France, Holland and Denmark ALL call for referendums

Express.co.uk - ‎15 hours ago‎
While any such referendums on the EU or the Euro would be merely test public opinion because Italian law does not allow referendums to change international treaties, a victory would send a clear signal to the government, especially in the wake of Brexit.

After Brexit: With Britain Filing For Divorce From EU, Others May Follow Suit

Town Hall - ‎13 hours ago‎
In Italy, Luigi Di Maio, vice president of the Chamber of Deputies, wants a vote on whether Italy should remain using the Euro. In Denmark, the leader of the Danish People's Party said that his country should follow Britain with a Brexit-like referendum.

Renzi calls urgent meeting as Italy's far-right rejoice Brexit

The Local.it - ‎18 hours ago‎
In the wake of the referendum result, which saw 52 percent of UK voters choose to leave the EU, Renzi summoned the country's top financial and business minds to his home at Palazzo Chigi in order to discuss where a Brexit leaves Italy. Present at the ...

After Brexit, could there be Grexit?

Aljazeera.com - ‎9 hours ago‎
Back then, the question wasn't whether or not Greece would exit the Eurozone, but whether the country should continue with the austerity measures its lenders demanded. Many feared a no vote would have also meant a Grexit. But the Greek people rejected ...

EU referendum: Brexit sparks calls for other EU votes

BBC News - ‎17 hours ago‎
Kristian Thulesen Dahl, leader of the populist Danish People's Party, said a referendum would be "a good democratic custom". European Parliament President Martin Schulz denied Brexit would trigger a domino effect, saying the EU was "well-prepared".

END OF THE EU? Germany warns FIVE more countries could leave Europe after Brexit

Express.co.uk - ‎7 hours ago‎
FIVE European countries may seek to follow Britain's lead in leaving the EU in a Brexit domino effect, Germany has warned. By Jonathan Owen. PUBLISHED: 23:25, Fri, Jun 24, 2016 | UPDATED: 23:44, Fri, Jun 24, 2016. German chancellor Angela Merkel ...

France's Marine Le Pen hails Brexit, urges 'Frexit' vote

Gulf Digital News - ‎14 hours ago‎
The Brexit vote has fired up eurosceptic populists across the bloc, with Dutch far-right MP Geert Wilders also calling for an EU referendum in his own country. There are growing fears that the British vote to leave could trigger a domino effect across ...

Is 'Brexit' the Beginning of End for European Union?

NBCNews.com-21 hours ago
Britons voted to leave the 28-member European Union and analysts are worried the outcome could have far-reaching consequences for Europe's political ...

Spain demands shared sovereignty over GIBRALTAR, after Brexit

Daily Mail - ‎10 hours ago‎
He said: 'Ironically, somebody who believes they are being patriotic and supporting Gibraltar by voting to leave the European Union will be bringing about, actually, Gibraltar having to face, once again, the prospect of joint sovereignty with Spain ...
Sing it out, Jean Claude Juncker:
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Washington Blowback

Hmmm. Now what would I do if I were  NeoCon? 

I would send Vinny the Kneecapper to London to explain to the Poms that Washington is not happy.

Hand out cookies in London? 

Arm the Muslims and other assorted riff raff in England?

Lets see. What else do we have in our bag of magic tricks.?

Ah ha. How about this beauty? We could flood England with cheap money to distort the economy, and then offer them debt servitude. They will be ever so grateful for more lollies from heaven. 

How about all of the above?  Why calibrate the response? The traitorous heathens, how dare they interfere with our plans for Full Spectral Domination? 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
The moral degenerate.

Stephan Tells it like it is.

You are not going to like this at all.



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