Daily Digest 4/20 - Democracy to Pathocracy, The Detroit Of Tomorrow?
Nor is there much of a difference between the havoc wreaked on innocent lives by uncaring, unfeeling, selfish, irresponsible, parasitic criminals and elected officials who lie to their constituents, trade political favors for campaign contributions, turn a blind eye to the wishes of the electorate, cheat taxpayers out of hard-earned dollars, favor the corporate elite, entrench the military industrial complex, and spare little thought for the impact their thoughtless actions and hastily passed legislation might have on defenseless citizens.
But that’s just the point. Even if you take Trump’s claims that repealing and replacing the Affordable Care Act and overhauling the U.S. tax code to lighten the load for America’s richest families would spur growth at face value (I don’t), the administration is nowhere near accomplishing either of those goals. The healthcare bill collapsed before it even came to a vote in the House. And while Trump promised a “phenomenal” tax plan within his first 100 days in office, he keeps fast-talking around the fact that the deadline is slipping away.
It may be true that journalism never was alien to the establishment as it was always needed for propaganda purposes, especially in the absolutist and authoritarian systems, however, one is simply amazed upon realizing that ties between journalism and the governing political powers are even closer in the so-called “free and democratic world”, where a diversity and plurality on reporting would be expected. Instead, the reports on crucial issues, namely the conflicts in Yemen, Syria and Donbass, and the foreign policies of US and NATO, are pretty much the same. Even opinionated articles, features and columns have become pretty much alike across all media.
When Will They Ever Learn? (GE Christenson)
Ten years ago we were fighting in Iraq. That worked out well for the military contractors, killed many, and raised prices for the US people.
Today we are still fighting in the Middle-East and bombing Syria. A taskforce of ships is threatening North Korea. Who benefits?
The Detroit Of Tomorrow? (Tiffany D.)
The problem is the same as in the rustiest of any Rust Belt city — lackluster investment returns and retirees living longer lives. As a result, the city is on the hook for a lot more in “contributions” — direct payments to the fund.
A Silver Price Seasonality Chart (Taki T.)
Silver price seasonality could play an important role in the weeks to come. Why? Because on an annual basis silver tends to peak during the month of April. In May and June, silver tends to go sharply lower, only to recover in July, and continue its downtrend and stabilize throughout the second half of the year. That is based on the seasonality chart of silver over the last 3 decades, courtesy of our good friend Dimitri Speck from silver seasonal charts.
The executive order, if carried out, would affect companies building oil pipelines in the U.S., requiring them to use U.S. steel in their projects. But the order is imprecise and incomplete, and fleshing out the specifics of the plan could take more than a year. Crucially, beyond the splashy headlines, Trump’s executive order is the start of a process, not the end of one. Moreover, all the order does is ask federal agencies to review certain rules; it doesn’t require them to necessarily do anything concrete.
Enviro Power has a patent for a 10-kilowatt microcogeneration unit (mCHP) and is seeking financing to bring the product to market. Its mCHP uses a micro steam turbine, powered by propane or natural gas, to produce both heat and electricity. The company claims this cuts electricity consumption by up to 30 percent, reducing greenhouse gases and saving money. In addition, larger cogeneration units use an internal combustion engine that needs maintenance, while Cocuzza expects that a micro steam turbine engine will be maintenance free for 10 years.
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