Debates on New Debt and Housing Bill Prompt Fearful Outlook
Washington column examines the push for easier borrowing to fund home ownership and the risks of rising debt. The piece contrasts critics worried about national and personal leverage with Roosevelt era loan programs and looming foreign and domestic debt pressures. It notes fears of future debt burdens and hints at upcoming Senate investigations into war materials production and related practices.
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Ocean wealth from sea to be tapped in coming years
Ten years ago extracting elements from the ocean seemed impossible but bromine production from sea water shows the method works. Thomas Midgley predicts gold silver radium and other riches may be recoverable soon as processes improve. He notes bromine extraction could also bring incidental gold as a by product, with daily brine water yielding over $1,000 in gold.
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Bromine Rich Water Body Holds Vast Mineral Values
A cubic mile of water contains 600 million pounds of bromine and 10 million dollars in gold. Daily removal at the plant is 15 thousand pounds from 80 million gallons, worth about 2 million dollars per year. The oceans hold about 800 million cubic miles of water.
MENTIONED IN THIS ARTICLE
Popular Mechanics Magazine
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