Daily Digest

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Daily Digest 6/25 - Some Early Signs of Brexit Upheaval, Your Coffeemaker Is Watching You

Saturday, June 25, 2016, 10:51 AM

Economy

Nicola Sturgeon to lobby EU members to support Scotland's remain bid (jdargis)

The first minister made the announcement after an emergency cabinet meeting on Saturday morning. She added that she would establish an advisory body of financial, legal and diplomatic experts who can advise her government on its options for retaining EU membership after Thursday’s UK-wide vote, by 52% to 48%, to leave the EU.

Marc Faber: ‘Europe is becoming economically irrelevant’ (Herman J.)

“Europe is becoming economically irrelevant in the long-run. The future of the world economically is in Asia, India, China, Indonesia and the other Southeast Asian and Indo-Chinese countries and emerging economies.”

Some Early Signs of Brexit Upheaval (jdargis)

Some companies are rethinking operations in Britain, both current and planned.

To mitigate poverty, Y Combinator set to launch minimum income plan (jdargis)

The notion of guaranteed minimum income has been kicking around globally for centuries, especially among 20th century thinkers (Martin Luther King, Jr. famously advocated for it). But it’s only recently that extensive trials have begun in various places, including Canada, the Netherlands, Finland, and now in Oakland. (Another organization, called Give Directly, operates a similar program in Kenya.)

A-10s make rare highway landing near Russian border (lambertad)

Last week, NATO announced that the alliance would deploy four multinational battalions, consisting of about 1,000 troops each, to Estonia, Latvia, Lithuania and Poland. NATO jets also help secure Estonian airspace through the Baltic Air Policing operation.

NATO's easternmost members, including Poland and the Baltic states, have long sought an increased presence of NATO troops in their respective countries, a request driven in part by Russia's 2014 military intervention and annexation of Crimea and continued backing of separatists in eastern Ukraine.

Elon Musk Is Squaring Off Against China for the Future of Tesla (jdargis)

How important are metals to Tesla? Just check out the names of some conference rooms at its new $5 billion gigafactory in Nevada: Lithium, Nickel, Cobalt, Aluminum. They’re used to make lithium ion batteries, and Chief Executive Officer Elon Musk needs unprecedented quantities of the metals to reach an ambitious goal: producing 500,000 electric vehicles a year by 2018. That’s two years earlier than originally planned because of about 373,000 preorders for the Model 3 sedan, which the company will start delivering in late 2017.

Your Coffeemaker Is Watching You (jdargis)

Today, the refrigerator of the future is an appliance that, yes, keeps your Chablis chilled, but also adjusts its temperature based on the kinds of food it contains, reminds you to drink more water, and automatically orders a gallon of milk from the store before you run out. Which makes it a pretty good proxy for an ongoing shift—one poised to accelerate in the decades ahead—in how people interact with their homes. Here’s what that shift will look like.

23 dead in West Virginia floods; search and rescue continues (jdargis)

In one bizarre twist, a woman sustained burns over two-thirds of her body after her deluged house blew up. Belinda Scott of White Sulphur Springs called her husband Ronnie and told him their house was filling up with water. She fled to the attic and waited. She smelled natural gas. Then, the house exploded.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/24/16

Provided daily by the Peak Prosperity Gold & Silver Group

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