Daily Digest 7/6 – The Rise Of Small Farms, CA Earthquake Generates Over 200 Aftershocks


Merrill Lynch Commodities to Pay $25 Million to Resolve Government Investigation (newsbuoy)

Merrill Lynch Commodities entered a nonprosecution agreement and, along with parent company Bank of America Corp., will cooperate with the government’s ongoing investigation, the department said. The companies will also enhance existing compliance programs and internal controls, the department said.

Deutsche Bank, in a Last-Ditch Effort to Stop Its Spiral, Could Lay Off 20,000 (newsbuoy)

The moves envisioned by top executives would partly undo a series of acquisitions made over two decades, when a succession of growth-hungry leaders transformed Deutsche Bank from a provincial financier of German companies and infrastructure projects into a risk-loving global colossus. And the cuts would bring down the curtain on Deutsche Bank’s ill-fated foray onto Wall Street.

Bitcoin mining profitability, electricity consumption, and efficiency—new data from the University of Cambridge (newsbuoy)

Bloomberg ran a headline saying “Bitcoin Could Theoretically Put Paris Climate Goals Out of Reach,” The Guardian said Bitcoin mining is “killing the planet,” and CNN said Bitcoin is a “disaster” for the environment. Meanwhile, Bitcoin advocates hold that the energy that goes into maintaining the fiat money supply or mining for gold is greater than what is used for the Bitcoin network.

Study: Short Spurts Of Exercise Improve Brain Function, May Make You Smarter (Adam)

The researchers created an experiment that measured the brain’s response to single, short bouts of exercise in otherwise sedentary mice. The mice were placed on running wheels for short periods of time and ran a few kilometers in two hours. When extrapolated to human equivalents, the exercise is about the same as 4,000 steps.

Earnings recession risk increases as a flood of warnings hit (Adam)

Adding to the negative outlook, 114 S&P 500 companies have issued EPS guidance as the second quarter ended, with 88 companies, or 77% of that total, providing guidance that was below the average estimate of analysts. That is well above the five-year average of 74 companies that warn of earnings misses, and the second most since FactSet began tracking data in 2006.

Should We All Take the Slow Road to Love? (tmn)

She notes that people who date three years or more before marrying are 39 percent less likely to divorce than people who rush into marriage. “This is a real extended period of the pre-commitment stage,” said Dr. Fisher. “With slow love, maybe by the time people walk down the aisle they know who they’ve got, and they think they can keep who they’ve got.”

The rise of small farms (thc0655)

“The majority of our farms are parttime, in that the owner typically has offfarm income,” wrote Gail McWilliam Jellie, director of the state’s Division of Agricultural Development, in an email response to the Monitor. “This doesn’t necessarily mean they are hobby farms, but farms that may be in various stages of development. You have to start somewhere.”

Instead of arresting a woman accused of shoplifting, these NYPD cops paid for her groceries (Thomas R.)

He also posted an image of the officers paying for the alleged shoplifter’s food, which appeared to show her getting emotional. The photo has over 2,000 likes and nearly 500 retweets at press time. Bozymowski told CBS News that “it was very moving to see such a genuine act of kindness.”

California earthquake generates more than 200 aftershocks (Thomas R.)

At least 200 aftershocks of magnitude 2.5 or greater have been recorded after the earthquake through midday Friday, according to the US Geological Survey. It is a higher than normal number, but not unprecedented, he said. The largest of them were magnitude 4.6.

NASA asteroid danger: A 2,700 megaton asteroid might hit Earth this October (Thomas R.)

The imposing asteroid, dubbed Asteroid FT3, will come barrelling past our home planet on October 3, 2019. NASA expects the flyby to mark the first of 165 approaches between 2019 and 2116. On any one of these asteroid flybys, the risk of cataclysm is low but should the asteroid veer off course and straight into Earth, the results could be cataclysmic. Asteroid FT3 is a monstrous rocky object measuring an estimated 1,115ft (340m) in diameter.

No Experimental Evidence For Significant Anthropogenic Climate Change (efarmer.ny)

It turns out that the changes in the relative humidity and in the low cloud cover depend on each other. So, instead of low cloud cover we can use the changes of the relative humidity in order to derive the natural temperature anomaly.

Committed emissions from existing energy infrastructure jeopardize 1.5?°C climate target (Roger B.)

Net anthropogenic carbon dioxide (CO2) emissions must approach zero by mid-century (2050) to stabilize global mean temperature at the levels targeted by international efforts. Yet continued expansion of fossil-fuel energy infrastructure implies already ‘committed’ future CO2 emissions. Here we use detailed datasets of current fossil-fuel-burning energy infrastructure in 2018 to estimate regional and sectoral patterns of ‘committed’ CO2 emissions, the sensitivity of such emissions to assumed operating lifetimes and schedules, and the economic value of associated infrastructure.

Gold & Silver

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