Economy
China-US Trade War: Japan G20 Déjà vu? (newsbuoy)
This past June 29, 2019 Trump and China president, Xi, met again at the G20 in Japan in the midst of a potential further escalating the trade war. Has anything changed as a result of their meeting? Or is it just deja vu of their prior G20 meeting in Buenos Aires on December 2, 2018?
Armed robbers steal at least $30 million of gold and precious metals in Sao Paulo airport heist (Sparky1)
The gunmen left the airport with approximately 750 kilograms (1,653 pounds) of gold and other metals due for shipment to Zurich and New York. No shots were fired and no one was injured during the robbery, the state news agency said.
According to Brazil’s Federal Highway Police, the thieves may have had access to internal information about airport operations.
Did Trump’s ‘Plan B’ For Iran Just Fail? (Michael S.)
The rhetoric from the Trump administration has already appreciably softened from the recent past. For instance, National Security Adviser John Bolton issued a statement earlier this year directly to Ayatollah Ali Khamenei on the anniversary of the 1979 Islamic Revolution in Iran, where Bolton concluded by saying, “I don’t think you’ll have many more anniversaries to enjoy,” a not very subtle threat of regime change.
Flags of inconvenience: noose tightens around Iranian shipping (Thomas R.)
In the biggest cull, Panama, the world’s most important flag state, removed 59 tankers linked to Iran and Syria earlier this year, a decision welcomed by the United States which wants to cut off Tehran’s vital oil exports.
Tulsi Gabbard Sues Google for Censorship of Ads (thc0655)
The Gabbard campaign’s legal complaint cites Breitbart News reporting to highlight Google’s interference in the democratic process. The complaint cites the Google Tape, an hour-long recording of Google executives’ reactions to the 2016 general election obtained by this reporter and published by Breitbart News last September, and Google employees’ campaign to ban Breitbart from Google Ads, an effort that was revealed by Breitbart News last year.
F.I.R.E. – Ignited By The Bull, Extinguished By The Bear (Joseph G.)
How did they make this happen? Shen and Leung, who was also a computer engineer, are part of the FIRE movement — which stands for Financial Independence, Retire Early — where the goal is to save a lot so you can retire early. The couple retired at 31 with roughly $1 million in the bank. They’re currently withdrawing 3.5% a year from that nest egg, and say they can easily travel the world on that money — as they’ve got lots of practice being frugal.”
Trump says U.S. could tax French wine in retaliation for digital tax (Sparky1)
“If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly,” Trump tweeted on Friday. “I’ve always said American wine is better than French wine!”
Inflation Ghosts: Past, Present & Future (GE Christenson)
Monetary inflation appears innocuous at first. Governments and economies need liquidity, print currency units and feed them into the economy. People feel wealthier. Prices rise, usually faster than income. Debt payments become more onerous and the standard of living declines. The central bank prints more currency.
NASA has revealed Orion, and its Artemis moon mission has never been closer (Thomas R.)
“The Orion crew vehicle for the Artemis 1 mission is complete and ready to begin preparations for its historic first flight,” said Vice President Pence, who joined NASA Administrator Jim Bridenstine and Apollo 11 Lunar Module Pilot Buzz Aldrin (among other NASA luminaries) onstage.
Rare brain-eating amoeba kills swimmer days after visit to Fantasy Lake water park in Hope Mills (Thomas R.)
Naegleria fowleri does not cause illness if swallowed but can be fatal if forced up the nose–which can happen to people when diving, water-skiing or doing other water activities.
The rare brain-eating amoeba usually infects people after it has been hot for a long period of time–creating a higher water temperature and lower water levels.
U.S. tax collectors urge owners of virtual currencies to pay back taxes, file amended returns (Sparky1)
In July 2018, the IRS announced that it would begin a series of compliance campaigns on U.S. taxpayers to “collect tax on worldwide income from all sources,” including transactions involving virtual currency.
Biosynthesis of cannflavins A and B from Cannabis sativa L (newsbuoy)
We provide evidence that a unique branch point from the general plant flavonoid pathway has evolved in C. sativa in which the widespread plant flavone, luteolin, is converted into cannflavin A and B via regiospecific methylation and prenylation reactions. The identification of these two enzymatic steps opens new opportunities for the metabolic engineering of cannflavin A and cannflavin B biosynthesis and underscores the value of phylogenomics driven gene discovery, an approach that is largely underutilized in the Cannabis research space.
Washington is home of the Hanford Nuclear Site—also known as “the most toxic place in America”, which produced plutonium for the nation’s nuclear weapons program some 70 years ago in the throes of the Cold War. That site has been in a cleanup mode for 30 years, and the DOE is spending $110 billion to clean up 56 million gallons of chemical and nuclear waste stored in underground tanks. That task is expected to last possibly another 50 years. Hanford has also been called “an underground Chernobyl waiting to happen” because if just one of the nearly 200 tanks explodes, it could be catastrophic.
Killer Heat in the United States: Climate Choices and the Future of Dangerously Hot Days (Roger B.)
Extreme heat is poised to rise steeply in frequency and severity over the coming decades, bringing unprecedented health risks for people and communities across the country.
Europe heat wave: Temperatures hit 109 degrees in Paris “urban heat island” (Thomas R.)
The high heat has officials concerned about the stability of Notre Dame Cathedral, which almost burnt down in April. They worry the stones could become unstable leading to a collapse.
Heat, then hail: Weather and travel woes hit Britain, France (Sparky1)
It marked the second day of travel disruptions in European capitals after one of the hottest days in memory, when many places in Western Europe saw temperatures soar beyond 40 degrees Celsius (104 degrees Fahrenheit). Compounding that, the weekend is a big travel moment across Europe as families head off for their summer holidays now that schools have broken up for the academic year.
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The post Daily Digest 7/27 – Killer Heat Hits U.S. And Europe, Has F.I.R.E. Been Extinguished? appeared first on Peak Prosperity.
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