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Showing posts from November 29, 2013

VIRTUAL ECONOMY : There Are Dozens Of Digital Currencies That Are All Going Insane Right Now


More: BitcoinLitecoin


NOV. 27, 2013, 2:06 PM 

In the past week, Bitcoin prices have climbed as much as 80%.

We just told you why another cryptocurrency, Litecoin, has been able to ride Bitcoin's digital coattails to a 400% gain over the same period.

But Litecoin is not alone. 

There are at least 30 other digital currencies vying for relevancy in 2013. 

The best list of the full galaxy of digital currencies comes from

According to that site, Peercoin, which now has the third-largest market cap among digital currencies, is up 22% in the past 24 hours. 

**Peercoin's main feature is that it's based on a protocol which, though different from Litecoin's, achieves the same effect of preempting mining cartels from forming and gaining too much control over prices.

**Namecoin, with the fourth-largest market cap, is up 70% in the past 24 hours. Its principal attribute is that it exists outside the regular Internet and therefore beyond control of The Inter…

USA MARKET : This Map Shows Which States Are Booming, Which Are Stagnating, And Which Are Starting To Fall Behind


NOV. 29, 2013, 4:54 AM 

Every month, the Philadelphia branch of the Federal Reserve publishes a look at coincident economic indicators by each state to show which states are thriving and which are now.

The good news is that over the past quarter, the economic data has shown improvement in 45 states. 

Only 5 are seeing shrinking right now. (Via Calculated Risk).

On the map, the dark green areas are booming, light green represents modest improvement, and red is shrinking.

Read more:


Guest Post: 

Inflation, Shortages, And Social Democracy In Venezuela

Submitted by Tyler Durden

on 11/29/2013 15:10 -0500

Submitted by Matt McCaffrey via the Ludwig von Mises Institute,

The economic turmoil in Venezuela has received increasing international media attention over the past few months. 

In September, the toilet paper shortage (which followed food shortages and electricity blackouts) resulted in the “temporary occupation” of the Paper Manufacturing Company, as armed troops were sent to ensure the “fair distribution” of available stocks.

Similar action occurred a few days ago against electronics stores: President Nicolás Maduro accused electronics vendors of price-gouging, and jailed them with the warning that “this is just the start of what I’m going to do to protect the Venezuelan people.”

Earlier this month, in another attempt to ensure “happiness for all people,” Maduro began to hand out Christmas bonuses, in preparation for the coming elections in December.

But political campaig…

Major biological discovery…inside the Chernobyl reactor??

The abandoned town of Pripyat, the Chernobyl reactor in the background.

There has been an exciting new biological discovery inside the tomb of the Chernobyl reactor. 

Like out of some B-grade sci fi movie, a robot sent into the reactor discovered a thick coat of black slime growing on the walls. 

Since it is highly radioactive in there, scientists didn’t expect to find anything living, let alone thriving. 

The robot was instructed to obtain samples of the slime, which it did, and upon examination…the slime was even more amazing than was thought at first glance.

This slime, a collection of several fungi actually, was more than just surviving in a radioactive environment, it was actually using gamma radiation as a food source. 

Samples of these fungi grew significantly faster when exposed to gamma radiation at 500 times the normal background radiation level. 

The fungi appear to use melanin, a chemical found in human skin as well, in the same fashion as plants use chlorophyll. 

That is to say, …


Published: 25 November 2013

Miami grabs new cargo

The first containers of grapes from Chile are now en-route to Miami.

PortMiami is set to handle its first containers of import grapes from Chile, due to arrive on an APL service. 

Previously most Chilean grapes have been imported through the Tiaoga Marine terminal in Philadelphia, Pennsylvania. 

Tiaoga specialises in fresh fruit imports and has the capacity to fumigate up to 800,000 pellets of fruit per day.

Much of Florida’s imported fruit is currently landed in Philadelphia and trucked to Miami. PortMiami has set its sights on “recapturing” this cargo. 

It has worked hard with the Department of Agriculture to establish facilities and procedures to meet import requirements.

 Earlier this year it expanded its fumigation capacity from 600 to 4,000 pellets a day, specifically with Chilean fruit in mind.

Climate Change and the Insurance Industry

By 3p Contributor

November 29th, 2013

Since Superstorm Sandy, insurance leaders are becoming increasingly aware of the benefits of sustainable building.

By Arthur Murray

The insurance industry conjures up images of old guys wearing suits and fighting anything that threatens the status quo. But perception isn’t reality when it comes to the insurance industry and climate change.

Since at least the late 1980s, insurance providers have expressed public interest in discovering whether there’s a link between global warming and increases in catastrophic storms, according to a study conducted on behalf of the Insurance Information Institute (III). 


Because providers fuel their business by accurately predicting risk. And many don’t like what they hear.

For example, Karen Clark & Co., a Boston-based risk-assessment consultant, predicts that top hurricane wind speeds could increase up to 5 percent because of climate change.

 Such an increase could result in up to 40 percent in additional pr…