Monthly Archives: July 2014

Locally-grown, organic: LA’s first ever pot farmer’s market a hit

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“It looks like any other American farmer’s market. Buyers sniff the wares, test weights and compare, while vendors tout their product. But the only produce on offer is cannabis — organic, of course. The Heritage Farmer’s Market — held over the July 4th long weekend — was the first of its kind in Los Angeles. Despite the scorching sun, the line to get in stretched hundreds of meters. The crowd was diverse and multigenerational, interspersed with hippies, rockers, hipsters and some nondescript suburban types. But they all have at least one thing in common — they all have, as required for entry, a doctor’s prescription.”

http://www.news.com.au/lifestyle/health/locallygrown-organic-las-first-ever-pot-farmers-market-a-hit/story-fneuz9ev-1226979311460

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World’s Largest LED Hydroponic Farm Used to Be a Sony Factory

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“This enormous indoor lettuce farm for example—the largest of its kind in the world—produces 10,000 heads a day in less space than a single American football field and could signal a sea change in how we get our greens.  This 25,000 square foot (roughly half a football field) indoor farm actually used to be a Sony semiconductor plant in Japan’s Miyagi Prefecture. That is, until plant physiologist Shigeharu Shimamura set about converting it into the world’s largest indoor farm illuminated by LED.  Using LED bulbs developed by GE, designed to produce the optimal wavelength of light that plants crave, Shimamura is able to accelerate plant growth by 250 percent.”

http://gizmodo.com/the-worlds-largest-led-hydroponic-farm-used-to-be-a-son-1603082545

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Jim Rogers: If You Want to Make Money, Become a Farmer

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“The world now faces ‘very low inventories’ of foodstuffs for the first time in years, Rogers tells BBC Radio. In addition, farmers are in short supply and aging, with the average age of a U.S. farmer at 58, he notes.  Put it all together, and it’s good news for agriculture. ‘Agriculture’s been a terrible business for 30 years. It is now beginning to get better. If you want to make a lot of money in the future, which many people do, you should learn to drive a tractor,’ Rogers suggests.  ‘Agriculture is going to be one of the most exciting businesses in the next 10 years.’  Although the number of young farmers has risen, the average age of farmers rose to 58.3 years from 57.1, a government census found.”

http://www.moneynews.com/StreetTalk/Jim-Rogers-Farmers-Agriculture-Sector-Tractor/2014/02/27/id/555195/

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Mining’s bearish pendulum swinging, but half of execs retiring

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“‘A new menace is lurking just around the corner,’ MRG warned, ‘the likes of which will shake the industry to its very core.’  ‘When asked about their views on retirement within the next five years, 46% of executives expect to retire from full-time engagements or expect to reduce their workload drastically,’ MRG observed. ‘With nearly half of all mining executive planning to have one foot out the door in the very near future, this represents a brain-drain, the like of which the industry has never seen and a cataclysmic shift in the demographics of boardroom everywhere.'”

http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=244619&sn=Detail

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Why the Resource Supercycle Is Still Intact

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“Strengthening copper prices, for example, do not immediately result in increased copper production in many market cycles, because the production cycle requires new deposits to be discovered, financed, and constructed—a process that can consume a decade.  Price declines—even declines below the industry’s total production costs—do not immediately cause massive production cuts. The ‘sunk capital’ involved in discovery and construction of mining projects and attendant infrastructure (such as smelters, railways, and ports) causes the industry to produce down to, and sometimes below, their cash costs of production.”

http://www.caseyresearch.com/articles/why-the-resource-supercycle-is-still-intact

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South Africa Platinum Output Falls Record 49% Due to Strike

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“South African output of platinum-group metals sank the most on record in May after a strike halted production at the world’s three biggest producers.  A five-month strike by more than 70,000 miners at Anglo American Platinum Ltd., (AMS)Impala Platinum Holdings Ltd and Lonmin Plc (LMI) cost the companies 23.9 billion rand ($2.2 billion) in revenue and workers 10.6 billion rand in wages by the time it ended on June 24. The stoppage pushed South Africa’s economy into contraction in the first three months of this year as production plunged in the country that accounts for more than two-thirds of global mined supply of the metal.”

http://www.bloomberg.com/news/2014-07-10/south-africa-may-platinum-output-falls-record-49-due-to-strike.html

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Kurds seize Iraq oilfields, ministers pull out of central government

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“The moves escalated a feud between the Shi’ite-led central government and the autonomous Kurdish region driven by a Sunni insurgency which threatens to fragment Iraq along sectarian and ethnic lines.  An oil ministry spokesman in Baghdad described the takeover as dangerous and irresponsible and called for the Kurdish forces to withdraw immediately.  Regional Kurdish President Massoud Barzani told his parliament in Arbil last week to prepare a referendum on independence, infuriating Maliki.  Maliki accused the Kurds of allowing their capital to be used as a base for the Islamic State and others, including former members of Saddam Hussein’s now-banned Baath Party.”

http://uk.reuters.com/article/2014/07/11/uk-iraq-security-idUKKBN0FF20Q20140711

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Angela Merkel denied access to her NSA file

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“The US government is refusing to grant Angela Merkel access to her NSA file or answer formal questions from Germany about its surveillance activities, raising the stakes before a crucial visit by the German chancellor to Washington.  In October, Obama personally assured Merkel that the US is no longer monitoring her calls, and promised it will not do so in the future. However, Washington has not answered a list of questions submitted by Berlin immediately after Snowden’s first tranche of revelations appeared.  Angela Merkel has defended the decision to keep access to the Stasi archive open to German citizens, and has reportedly used the opportunity to view her own Stasi file in person.”

http://www.theguardian.com/world/2014/apr/10/angela-merkel-denied-access-nsa-file

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Germany asks top US intelligence official to leave the country

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“Diplomatic relations between Germany and the US plunged to a new low after Angela Merkel’s government asked the top representative of America’s secret services in Germany to leave the country.  According to Süddeutsche Zeitung, the US embassy staffer who has been asked to leave is a CIA ‘chief of station’ who coordinates secret service activity in Germany, and who emerged as the key contact for two German officials recently arrested for allegedly spying for the US.  According to German media reports, such drastic action had previously only been thinkable when dealing with ‘pariah states like North Korea or Iran’.”

http://www.theguardian.com/world/2014/jul/10/germany-asks-top-us-intelligence-official-spy-row

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Germany Said to Review ‘No-Spy’ Buying Rules Amid U.S. Row

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“Germany’s Interior Ministry is reviewing rules for awarding government contracts for computer and communications equipment and services as a political rift with the U.S. widens, people familiar with the matter said.   Details are being worked out and may require suppliers of components of a bidder’s goods or services to guarantee they don’t hand over confidential data.  Any tightening of procurement procedures could affect U.S. technology companies such asInternational Business Machines Corp. (IBM), Cisco Systems Inc. (CSCO) and Microsoft Corp. (MSFT) as they vie for government contracts.”

http://www.bloomberg.com/news/2014-07-11/germany-said-to-review-no-spy-purchasing-rules-amid-u-s-row.html

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