Originally published at: https://peakprosperity.com/daily-digest/gold-glitters-media-rises-labor-falls/
The global economy is in a state of flux, with gold prices surging amidst the ongoing conflict in the Middle East. The precious metal is outperforming gold mining stocks, serving as a safe haven asset during times of inflation and economic uncertainty. The Federal Reserve’s anticipated interest rate cuts and money printing to finance the Middle East conflict could potentially lead to higher inflation and a devalued currency, making physical gold even more valuable. The divergence between the price of gold and Treasury Inflation-Protected Securities suggests market uncertainty about the Fed’s control over inflation.
In the realm of media, The Epoch Times, once a quirky fixture in New York City, has weathered increased scrutiny and criticism, particularly after the rise of Donald Trump. Despite this, the publication has remained committed to objective reporting, attracting readers seeking truth and tradition. The publication’s growth is evident in its expanding offices and its rise to become the fourth-largest U.S. newspaper in the U.S., a testament to its dedicated readers and viewers who value its commitment to truth, tradition, and hope.
Turning to the labor market, the Bureau of Labor Statistics (BLS) reported that the U.S. economy added 332,000 private-sector jobs in the second quarter of 2023, a figure lower than initially reported. However, after revisions, it was revealed that 271,000 government jobs disappeared from U.S. government data in the same quarter. The healthcare and social assistance sectors, which depend on government spending, also created a significant number of positions. The Wall Street Journal highlighted the presence of a “welfare-industrial complex” beneath the seemingly robust labor market.
In the world of integral thinking, the polarity between Deep Structures and Surface Structures represents a fundamental dynamic. Deep Structures are the intrinsic, often hidden structures, principles, or patterns that underpin and give rise to observable phenomena. Surface Structures, on the other hand, are the observable, external manifestations of deep structures. Understanding this dynamic allows for a more flexible and inclusive approach to personal growth, social analysis, and cultural understanding.
Meanwhile, massive protests have erupted in several European countries, with farmers calling for the scrapping of agricultural and environmental regulations imposed by the EU. These protests coincided with a summit of EU leaders, who agreed to provide 50 billion euros in aid to Ukraine. The EU’s green regulations have been criticized for stifling traditional farming methods and promoting the synthetic food industry. Protests and pushback against the net zero farming transition are increasing in Europe.
Lastly, in U.S. legal news, U.S. District Judge Tanya Chutkan has postponed indefinitely the trial of a case brought by Jack Smith against Donald Trump. The order acknowledges that the case could be dismissed given the lack of a constitutionally valid appointment of Jack Smith. This case, along with the unprecedented legal cases against Trump, raises concerns about the survivability of Constitutional Law. The use of criminal law against political opponents could potentially undermine the principles of freedom and bravery that the United States stands for.
Sources
U.S. District Judge Postpones Trump’s Washington Case Indefinitely
The court will set a new schedule if and when the mandate is returned.
Source | Submitted by rhollenb
Massive Protests Erupt Across Europe as Farmers Rally Against EU Agricultural Regulations
Massive, ongoing protests in the streets of Germany, Poland, France, the Netherlands, Italy, Portugal, and other European countries descended upon the EU Parliament building in Brussels on Thursday
Source | Submitted by Slin
Understanding the Polarity Between Deep Structures and Surface Structures for a Nuanced Understanding of Reality
And so we can say: translation is a change in surface structures (‘horizontal’), whereas transformation is a change in deep structures (‘vertical’).
Source | Submitted by 0007
U.S. Government Jobs Account for One-Quarter of New Job Creation, BLS Statistics Reveal
A deeper dive into the BLS statistics highlights that federal, state, and local government accounted for one-quarter of all the new job creation.
Source | Submitted by IrishPrince
The Epoch Times: From Quirky Fixture to Mainstream Success
The media organization is expanding.
Source | Submitted by IrishPrince