Quote of the week
“A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.” – Thomas Jefferson
by Clyde Wilson
“The people, acting through their natural polities, the States, had created and given authority to the Constitution of the United States. The Constitution conferred powers on a general government to handle certain specified matters that were common to the ‘general welfare’ of all the States. That government was an agent. It could not be the judge of its own powers. To allow it to be so would mean nothing less than a government of unlimited power, a tyranny. The partners to the Constitution, the sovereign peoples of the States, were the final judges of what they had intended the Constitution to mean. When the general government exceeded its power it was the right and duty of the State to interpose its authority and defend its people from federal acts of tyranny – yes, to render a federal law inoperative in the State’s jurisdiction.” more…
by Robert Wenzel
“Once a card is instituted into the system, card creep will begin. It will begin to be used for other purposes. First, what they will do is mark the easy ones, sex offenders and those found guilty of domestic violence. Then they’ll do those who have a DUI charge. Then they’ll do those who are charged with hate speech.Then they’ll mark the cards of those who have been arrested for protesting. Then it will be those who have managed their employees in an ‘abusive’ manner.” more… [Here's some more on a potential global identification and tracking system. The article cites its sources, so perhaps it's not hyperbole.]
by Andrew J. Coulson
“The education world is abuzz with the release Wednesday of draft curriculum guidelines by the Common Core State Standards Initiative. CCSSI’s draft is closely watched because the Obama administration plans to withhold billions in federal funding from states that refuse to adopt it, or something very similar.
“The whole idea of imposing a single set of age-based standards on all students rests on a false premise: that children are identical widgets capable of being dragged along an instructional conveyor belt at the same pace, benefiting equally from the experience.” more…
by Art Carden
“The concerned citizen-busybody has to ask whether treating adults as if they were children is a wise use of resources. And those who wish to control others’ behavior have to ask what gives them the right to do so. Criminalizing voluntary trades with which we disagree–like, say, the decision to trade a few dollars for tasty, trans-fat-laden french fries–trivializes the concept of crime and undermines the legitimacy of the legal system.” more…
by John Berlau and Jonathan Moore
“The public option appeared to be dead when Senate leaders decided not to include it in their health care reform bill. But prominent liberals have recently called for the Senate to add it to the new reform proposal. More than 100 House Democrats, 37 Senate Democrats and major progressive groups like MoveOn.org and the Progressive Change Campaign Committee have urged that the public option be added through reconciliation.
“Yet everyone eventually loses when the game is rigged through a subsidized insurance competitor — whether it’s AIG or the public option. Private insurers folding or leaving the market for a particular type of insurance means less innovation in pricing and risk prevention, leading to fewer options and higher costs for most consumers.” more…
- The Bain Report: Articles that affect you and your family.
- Four failed banks this week, which makes 30 on the year.
- Financial Sense Editorials – The Big Dead Cat Bounce – by Doug Hornig
- The Patsy Revolt of 2010 – by Biller Bonner
Politics and Such
- California legislators propose an animal cruelty registry. Like “sex-offenders” for animal abuse.
- Idaho might start minting its own silver currency.
- A new detention and interrogation bill, which would make way for the detention of US citizens by the US military indefinitely and without a trial, is on its way courtesy McCain and Lieberman.
- Federal Reserve Audit bitterly opposed by Treasury Department, which just happens to be run by Tim Geithner, the former President of the New York Federal Reserve Bank.
- A national biometric ID card is in the works. Brought to you by Chuck Schumer and Lindsey Graham.
- Nancy Pelosi says, we have to “pass the [healthcare] bill so we can find out what’s in it”. Because reading the bills before passing them is too hard.
- It cost $35 million for the government to send letters to everyone that say “we’ll be sending you the census soon”. Here’s a defenese of the practice from the Census Buerau. But, seriously, why not postcards?
- The Southern Poverty Law Center has compiled a list of active Patriot Groups. They like to say it with quotes. Say it with me: “Patriot”.
- Some thug in the NY State Legislature wants a ban on salt in restaurant foods. Here’s some more on that. Of note, if the government ever comes to control your healthcare then everything you do that affects your health will be under the purview of big brother’s authority. Your p0wned b*tch!
- 20 Nevada Tea Party group denounce “Tea Party Candidate”. Basically this “Tea Party Candidate” is a scam by the DNC to get Dingy Harry reelected.
- Japanese report disputes anthropogenic global warming.
- Find out about C.A.S.P.I.A.N. (Consumers Against Supermarket Privacy Invasion and Numbering).
- Rockefeller pushes to rein in EPA with respect to its carbon emissions power grab. Recall he’s from West Virgina, which is heavily involved in coal mining.
- Federal employees make way more than private counterparts… before benefits. I guess it’s a good time to be a government stooge.
- The draconian iPhone developer agreement. Yikes…
- Get ready to live past 100.
- Homemade flying hovercraft. Video 2:25.
- Check Google public (i.e. government) data explorer.
- Store wars. Organic foods Star Wars parody. Funny stuff. Video 5:51.
- Beware of numerator only data.
- On Facebook you are who you know.
- Damn, looks like the Lobos lost to SDSU.
And now the numbers…
DOW Jones Industrials – 10,624.69 (+58.49/0.55%)
S&P 500 – 1,149.99 (+11.29/0.99%)
VIX – 17.58 (+0.16/0.92%)
CSI 300 (China) – 3,233.126 (-26.638/-0.82%)
BSE 500 (India) – 6,789.05 (+13.90/0.21%)
MICEX (Russia) – 1,415.75 (+1.38/0.10%)
BOVESPA (Brazil) – 69,341.383 (+494.883/0.72%)
RICI – 3,182.77 (-30.37/-0.95%)
Gold/oz – 1,101.70 (-33.50/-2.95%)
Silver/oz – 17.048 (-0.334/-1.92%)
Copper/lb – 338.00 (-3.75/-1.10%)
Oil/bbl (Brent) – 79.39 (-0.50/-0.63%)
Wheat/bu (CBT) – 485.25 (-8.25/-1.67%)
Corn/bu – 364.25 (-11.25/-3.00%)
EUR-USD – 1.3769 (+0.0143/1.05%)
USD-JPY – 90.558 (+0.28/0.31%)
USD-BRL – 1.7624 (-0.0158/-0.89%)
3 Month Treasury – 0.14 (UNCHG)
2 Year Treasury – 0.95 (+0.06/6.74%)
10 Year Treasury – 3.70 (+0.02/0.54%)
30 Year Treasury – 4.62 (-0.02/-0.43%)
3 Month LIBOR – 0.26 (+0.01/4.00%)
U.S. Public Debt (official) – 12,575,479,490,348.50 (+29,989,477,316.20/0.24%)
Baltic Dry Index (BDIY:IND) – 3,506.00 (+264.00/8.14%)
Bummer about the Lobos. Lost by one point, and I sure was hoping they’d take the Mountain West tournament.
Meanwhile, I was watching Hannity this evening. He was highlighting the wastefulness of the “stimulus bill”, and highlighted a whopping $3 billion in wasteful spending. Wow, and though I can’t find the exact numbers I’m sure that the worse than useless wars in Iraq and Afghanistan have cost at least that much 100 times over. And what of the interest on the debt? And social security and Medicare? A $3 billion dollar price tag is 0.1% of the entire $3 trillion budget. I wonder what it costs to keep the token 35,000 troops in Korea… Probably more than $3 billion a year. But don’t get me wrong the $3 billion was certainly wasteful.
Oh, what else? Baby girl is still cutting teeth. We’re going to start swimming next weekend. That should be fun!
Otherwise not much else to say. Still busy as hell, but that’s the way I like it!
Have a nice weekend!