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Monday, May 27, 2019

Daily Digest 5/27 – Rural America Is On The Verge Of Collapse, “Everything Is Under Scrutiny” Across Auto Industry


Economy

Rural America Is On The Verge Of Collapse (Thomas R.)

Prosperous zip codes were the top beneficiaries of the jobs recovery since the financial crisis. All zip codes saw job declines during the recession, each laying off several million jobs from 2007 to 2010. But by 2016, prosperous zip codes had 3.6 million jobs surplus over 2007 levels, which was more than the bottom 80% of distressed zip codes combined. It took five years for prosperous zip codes to replace all jobs lost from the financial crisis; meanwhile, distressed zip codes will never recover.

Maine bars residents from opting out of immunizations for religious or philosophical reasons (Sparky1)

“People of good will hold sincere beliefs on both sides of the issue,” she said, “but Maine has a vaccination opt-out rate that is three times higher than the national average for students entering Kindergarten and the state ranks seventh in the country for the rate of non-medical exemptions taken among school-age children.”

The State Senate’s Republican leadership did not immediately respond to requests for comment.

Brexit Update: Clowns, Circuses and Would-Be Churchills (Phil D.)

I wrote in my last post that “should a Conservative party go for a long extension with the humiliation of UK participating in the May European elections, it will be politically suicidal.” Well, that call has been spot on so far, with the Tory vote at the European elections expected to be wiped out.

Even worse for the Tories, their polling at a general election is in a state of collapse with Nigel Farage’s Brexit Party surging in the polls.

Army Virtue-Tweet Backfires: 1000s Expose “Heartbreaking” Horrors Of War (Thomas R.)

“After I came back from overseas I couldn’t go into large crowds without a few beers in me. I have nerve damage in my right ear that since I didn’t want to look weak after I came back I lied to the VA rep. My dad was exposed to agent orange which destroyed his lungs, heart, liver and pancreas and eventually killing him five years ago. He was 49, exposed at a post not Vietnam, and will never meet my daughter my nephew. I still drink to much and I crowds are ok most days but I have to grocery shop at night and can’t work days because there is to many ppl.”

Thousands of Immigrants Suffer in Solitary Confinement in ICE Detention (tmn)

The United Nations special rapporteur on torture has said that solitary confinement should be banned except in “very exceptional circumstances” and that isolation for more than 15 days constitutes “inhuman and degrading treatment.” People with mental illnesses should never be put in isolation, the rapporteur said.

ICE’s own directives say that isolating detainees — who under federal law aren’t considered prisoners and aren’t held for punitive reasons — is “a serious step that requires careful consideration of alternatives.”

America Must Build More Natural Gas Storage Capacity (Thomas R.)

Storage facilities are a primary tool to mitigate price risks and used by pipelines to maintain operational flexibility and system balance.

The spikes in pricing, particularly in the cold winter months when demand spikes, have greatly subsided.

“Everything Is Under Scrutiny”: 38,000 Layoffs Across Auto Industry May Only Be The Beginning (Thomas R.)

Automakers are cutting shifts and closing factories across the world but the cost cutting goes beyond that. Salaried workers are also being cut, a surefire sign that slowing sales in both China and the US are taking their toll. Additionally, the slow down is coming at a time when automakers have deployed significant capital to invest in electric vehicles.

Why Is Everyone Talking About Enphase Energy Stock? (Thomas R.)

That trend appears likely to continue. Enphase Energy’s microinverters are built on semiconductor-based Application Specific Integrated Circuits (ASICs), similar to those powering the Internet of Things, blockchain technologies, and data centers. The reliance on ASICs allows microinverters to become smaller, more powerful, and less complex over time. That should help the company keep pace with the solar industry’s fast-moving technology curve without sacrificing margins.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/24/19

Provided daily by the Peak Prosperity Gold & Silver Group

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The post Daily Digest 5/27 – Rural America Is On The Verge Of Collapse, “Everything Is Under Scrutiny” Across Auto Industry appeared first on Peak Prosperity.



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