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Daily Digest 10/10 – Turkey launches airstrikes on northern Syria, Californians Fume Over Power Outages

Summary:
Economy Turkey launches airstrikes on northern Syria after Trump pulls back U.S. troops (Thomas R.) “This morning, Turkey, a NATO member, invaded Syria,” Mr. Trump said. “The United States does not endorse this attack and has made it clear to Turkey that this operation is a bad idea. There are no American soldiers in the area. From the first day I entered the political arena, I made it clear that I did not want to fight these endless, senseless wars — especially those that don’t benefit the United States. Turkey has committed to protecting civilians, protecting religious minorities, including Christians, and ensuring no humanitarian crisis takes place — and we will hold them to this commitment.” Reports the US is considering a currency agreement with China as part of partial trade

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Daily Digest 10/10 – Turkey launches airstrikes on northern Syria, Californians Fume Over Power Outages

Economy

Turkey launches airstrikes on northern Syria after Trump pulls back U.S. troops (Thomas R.)

“This morning, Turkey, a NATO member, invaded Syria,” Mr. Trump said. “The United States does not endorse this attack and has made it clear to Turkey that this operation is a bad idea. There are no American soldiers in the area. From the first day I entered the political arena, I made it clear that I did not want to fight these endless, senseless wars — especially those that don’t benefit the United States. Turkey has committed to protecting civilians, protecting religious minorities, including Christians, and ensuring no humanitarian crisis takes place — and we will hold them to this commitment.”

Reports the US is considering a currency agreement with China as part of partial trade deal (Thomas R.)

Trump has been very vocal in the past accusing China of currency manipulation and of holding the value of the yuan down to gain a competitive competitive advantage.

The Time Georgia & North Carolina Went to War With Each Other (Thomas R.)

Surveying difficulties, along with a vaguely described gift of mountainous land to the State of Georgia from the United States, in exchange for Georgia relinquishing control over what would become Alabama and Mississippi, resulted in a small piece of land which came to be known as “Orphan Strip”. This wilderness territory near the borders of Northeastern Georgia, North Carolina and South Carolina was no wider than twelve miles and was difficult for the flat land governments of any of the three states to reach with any real for of solid government.

Top Secret Russian Unit Seeks to Destabilize Europe, Security Officials Say (tmn)

Though much about G.R.U. operations remains a mystery, Western intelligence agencies have begun to get a clearer picture of its underlying architecture. In the months before the 2016 presidential election, American officials say two G.R.U. cyber units, known as 26165 and 74455, hacked into the servers of the Democratic National Committee and the Clinton campaign, and then published embarrassing internal communications.

Biden campaign blasts New York Times coverage in letter to executive editor (Thomas R.)

In Wednesday’s op-ed Schweizer, whose representative did not immediately reply to a request for comment, conceded Hunter Biden’s business dealings were legal, but suggested they shouldn’t have been. The Biden campaign said in its letter that publishing the op-ed shows “how little” The Times “has internalized the sobering lessons of 2016.”

The Rich Really Do Pay Lower Taxes Than You (tmn)

“Many people have the view that nothing can be done,” Zucman told me. “Our case is, ‘No, that’s wrong. Look at history.’” As they write in the book: “Societies can choose whatever level of tax progressivity they want.” When the United States has raised tax rates on the wealthy and made rigorous efforts to collect those taxes, it has succeeded in doing so.

And it can succeed again.

IRS Issues New Guidance On The Tax Treatment Of Cryptocurrency (Thomas R.)

“The IRS is committed to helping taxpayers understand their tax obligations in this emerging area,” said IRS Commissioner Chuck Rettig. “The new guidance will help taxpayers and tax professionals better understand how longstanding tax principles apply in this rapidly changing environment. We want to help taxpayers understand the reporting requirements as well as take steps to ensure fair enforcement of the tax laws for those who don’t follow the rules.”

Defense Intelligence Agency analyst charged with leaking classified info to journalists (TS)

Law enforcement received a court order in late August to surveil Frese’s cell phone, and were able to trace hundreds of phone calls and texts between Frese and the reporters, during some of which the classified information was referenced. The last communication between Frese and either journalist came as recently as Monday, according to a search warrant affidavit unsealed Wednesday.

This Is Culture (Jesper A.)

As I am a philosopher (I had to regain my balance for a new fiercer assault) I have chosen the American tradition, the Americans have a tradition of their own, but only we(PATHOS) Europeans can see the connections of cultural history.

Bankrupt U.S. Coal Producer Closes Four Mines After Prices Slump (Thomas R.)

The closures will affect about 340 employees at three mines and two preparation facilities Blackhawk owns, as well as workers at a contract mine in the region, according to a statement Tuesday from the closely held Lexington, Kentucky-based company.

Power Lines Are Burning the West (tmn)

Fires burn bigger areas and destroy three times as many houses as they used to. What was once a problem in June, July, and August now extends through November and beyond. I evacuated for avalanche warnings in the winters of my childhood. In February 2015, I wandered my neighborhood and gaped at new patches of sky, as smoke seeped out of the ground.

Californians fume over PG&E power outage: ‘A humongous inconvenience’ (Sparky1)

The second phase of the shutoff was expected to begin around noon in areas around Silicon Valley and the East San Francisco Bay, but the utility said those outages would be delayed until later in the day. About 234,000 customers in Alameda, Alpine, Contra Costa, Mariposa, San Joaquin, San Mateo, Santa Clara, Stanislaus, Tuolumne and parts of Mendocino and Calaveras counties are expected to lose power by the evening.

The 315-Year-Old Science Experiment (Thomas R.)

“Modern techniques and equipment are powerful, but the technologies span over only a few solar cycles, so they don’t show how cycles differ over centuries,” says Clette, who is the custodian of the worldwide sunspot count, begun by Wolf in Zurich, and now known as the International Sunspot number. Under Clette’s watch, blemishes are still counted by eye. “When we count by eye, what we observe now can be connected to what was observed in the distant past.”

Photos Reveal Emotional Look Inside the Abandoned Fukushima Exclusion Zone (Sparky1)

The twelve-mile radius around the power plant has remained an evacuation zone, with workers slowly continuing cleanup work. Though she was grateful for the opportunity to document this unique environment, the sad reminders of the nuclear tragedy were overwhelming. After two days, she and the rest of the group left the exclusion zone but were forever changed by the experience.

Five Radical Climate Policies That Most Americans Actually Like (tmn)

Leah Stokes, a political scientist at the University of California at Santa Barbara, also told me that the poll’s findings are in line with other research. “Climate policy is very popular,” she said. “If you highlight the cost, it’s less popular. If you highlight new taxes, it’s less popular. But if you highlight job creation or the air-pollution benefits, it’s more popular.”

Zimbabwe’s capital runs dry as taps cut off for 2M people (Thomas R.)

“It is a desperate situation,” Deputy Mayor Enock Mupamaonde told The Associated Press outside the closed treatment plant. And more people are affected than thought, he said, estimating that another 2 million non-residents enter the city each day to use its services and conduct business.

At the Chivero reservoir, the city’s main water supply, plastic bottles, vehicle tires and algae floated in the shallow water which was green and emitted a choking, foul smell.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/9/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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