Daily Digest 10/29 – Protests Trigger Crisis Of Confidence In Lebanon, How The Internet Is Killing The Planet


Stocks slide after some disappointing earnings from McDonald’s, Travelers (Thomas R.)

United Technologies shares rose 2.2% after the company posted earnings that topped analyst expectations. Better-than-expected revenues from the company’s Otis, Pratt & Whitney and Collins Aerospace divisions helped drive the beat.

Procter & Gamble climbed 2.6% after its results topped expectations. The company’s numbers were driven by Procter’s beauty, health care and fabric and home care lines.

Protests trigger crisis of confidence in Lebanon economy (Sparky1)

In an exclusive interview, Lebanese Central Bank Governor Riad Salame tells Becky Anderson that a political solution is needed within days to avoid economic collapse.

Gold prices to hit $1,600 in April and it’s not because of the Fed (Thomas R.)

A hawkish tone from Powell should be expected: “Chair Powell will have a fine line to walk… to satisfy market participants… as well as the critics of insurance cuts… we expect a slightly hawkish tone, with Powell alluding to a baseline of unchanged policy but emphasizing data-dependence and the ability to respond quickly if the outlook deteriorates,” Hill added.

DeVos Held In Contempt Of Court For Enforcing Loans On Defrauded College Students (edelinski)

Instead, according to the ruling, the department “erroneously” sent messages to more than 16,000 borrowers to pay up. Some did so voluntarily. Others had their wages garnished or tax refunds seized by the government. Ten third-party contractors were involved in collecting the loans, and the judge’s opinion notes that the Education Department didn’t do much to make sure it followed the orders, beyond sending a few emails.

Virgin Galactic celebrates first day on the New York Stock Exchange (Thomas R.)

Virgin Galactic raised half a billion dollars… We were going to do a deal with the Saudis which we turned down a few months ago, because of the Khashoggi incident. Having that money in the company, it replaces the Saudi money, and it will be very helpful in getting more people, getting more spaceships on the way to be developed, getting another mothership built and finishing up the job.

Working Americans Are Getting Less Sleep, Especially Those Who Save Our Lives (edelinski)

Detective Lt. John Foster, a 25-year veteran of the Ball State University police department, says work-related stress interferes with police officers’ lives every day. “I don’t think it makes a difference whether they’re a patrol officer or a detective; we certainly see some of the worst things that a person can imagine in this profession,” he says.

And at night when he should be sleeping, “it just replays in your mind over and over again,” he says. “I don’t think there is any way for me to forget some of the things that I have seen.”

CVS to test drone delivery for your medications (Sparky1)

UPS is focused on health care in its drone delivery program and approached CVS about working together. UPS has said it has already made 1,100 medical sample deliveries at a Raleigh, North Carolina, hospital as part of a government pilot program. It’s also expanding to a Utah hospital in the coming weeks, in partnership with the drone company Matternet.

Pentagon awards controversial $10 billion cloud computing contract to Microsoft in Amazon snub (Thomas R.)

A Defense Department official who recently departed and is familiar with the discussions of the contract told CNN that Trump’s animosity toward Amazon and Bezos was well known among senior Pentagon officials. Trump’s opposition to awarding the coveted contract to Amazon would flare periodically with news reports focusing on the online giant, the official said.

Scientists Were Hunting for the Next Ebola. Now the U.S. Has Cut Off Their Funding. (tmn)

Dennis Carroll, the former director of USAID’s emerging threats division who helped design Predict, oversaw it for a decade and retired when it was shut down. The surveillance project is closing because of “the ascension of risk-averse bureaucrats,” he said.

Because USAID’s chief mission is economic aid, he added, some federal officials felt uncomfortable funding cutting-edge science like tracking exotic pathogens.

How Renewable Energy Models Can Produce Misleading Indications (thc0655)

The problem with nearly all energy analyses today is that they use narrow boundaries. They look at only a small piece of the problem–generally the cost (or “energy cost”) of the devices themselves–and assume that this is the only cost involved in a change. In fact, researchers need to recognize that whole new systems may be required, analogous to the extra stomachs and ever-growing teeth. The issue is sometimes described as the need to have “wide boundaries” in analyses.

As fires rage, California refines an important skill: Evacuating (Sparky1)

Memories of the fires in Sonoma County a mere two years ago — which claimed 22 lives — are still fresh here in this area which saw an exodus of 200,000 residents over the weekend. In interviews, businesses, families and others expressed a remarkably similar sentiment: this time, the evacuation went much smoother.

How The Internet Is Killing The Planet (Michael S.)

Let’s put that into perspective: Consider that the International Energy Agency (IEA) reported that global electricity demand rose by 4 percent in 2018, the fastest pace since 2010. Our planet consumed a staggering 26,700 TWh of electricity in 2018, with China gobbling up the lion’s share at 6,167 TWh, while the United States was the second largest consumer at 3,971TWh, and India third at 1,243TWh.

Gold & Silver

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