Quote of the week
“If we cannot convince our State and local governments to protect our liberties, we are dreaming if we think we are going to convince Washington, D.C., to do the same.” – Chuck Baldwin
by Bob McCarty “John Dollarhite and his wife Judy of tiny Nixa, Mo., have been told by the USDA that, by Monday, they must pay a fine exceeding $90,000. If they don’t pay that fine, they could face additional fines of almost $4 million. Why? Because they sold more than $500 worth of bunnies — $4,600 worth to be exact — in a single calendar year.” more…[This is just plain unbelievable. The thugocracy strikes again.]
by Connor Boyack, with Brian Roberts and Michael Boldin “Yesterday, the U.S. Department of Justice upped the ante in a high-stakes political game of chicken. Lobbying against pending legislation in the Texas legislature which would criminalize any searches conducted without probable cause, U.S. Attorney John E. Murphy sent a letter to a few high-ranking members of Texas’ government warning against promoting the bill and threatening a complete closure of all flights to and from the state.” more… [The Texas bill would criminalize the molestation currently knows as TSA "standard operating procedure." Here's a bit from Cato on that.]
by Jeffrey Tucker
“It is critically important for the employee to understand that he is doing no favors to the employer by working there, nor is the employer to be regarded as a generous distributor of funds, much less someone who is under some positive moral obligation to dish out. The employee is there because the nature of the world and the ubiquity of the scarcity of time and resources make it necessary. In order for there to be peace amidst this arrangement, there must be mutual benefit, always.” more…
by Simon Black
“Debt is slavery… or at least indentured servitude of the worst kind. That looming mortgage, the high interest credit card debt, the short-term car loan– these are the forces that keep people from breaking free and taking action.” more…
- Revolution at the ballot box in Spain.
- Here’s an article that is supportive of an upcoming regulation by the National Highway Traffic Safety Administration to mandate “black box” recorders in all cars.
- Japan suffered three reactor meltdowns.
- TomTom sells GPS data to Dutch government. Dutch governments uses said data to help place speed cameras.
- Scottish independence from the UK? What about the EU? It’s all pretty messy, and drenched in socialism.
- “Patriot Act” passes the Senate.
And now the numbers…
DOW Jones Industrials – 12,441.58 (-70.46/-0.56%)
S&P 500 – 1,331.10 (-2.17/-0.16%)
VIX – 15.98 (-1.45/-8.32%)
CSI 300 (China) – 2,963.308 (-158.288/-5.07%)
BSE 500 (India) – 7,097.94 (-3.41/-0.05%)
MICEX (Russia) – 1,638.06 (+34.09/2.13%)
BOVESPA (Brazil) – 64,294.961 (+1,698.441/2.71%)
Nikkei 225 (Japan) – 9,521.94 (-85.14/-0.89%)
RICI (Commodities) – 4,144.32 (+66.82/1.64%)
Oil/bbl (Brent) – 115.03 (+2.64/2.35%)
Corn/bu – 758.50 (-1.00/-0.13%)
Wheat/bu (CBT) – 819.75 (+13.25/1.64%)
Rough Rice (CBOT) – 15.185 (+0.085/0.56%)
Copper/lb – 418.60 (+6.45/1.56%)
Gold/oz – 1,537.30 (+28.40/1.88%)
Silver/oz – 37.863 (+2.776/7.91%)
EUR-USD – 1.4319 (+0.0189/1.34%)
USD-JPY – 80.7985 (-0.981/-1.20%)
USD-BRL – 1.5946 (-0.0282/-1.74%)
NZD-USD – 0.8192 (+0.0251/3.16%)
3 Month Treasury – 0.04 (UNCHG)
2 Year Treasury – 0.48 (-0.03/-5.88%)
10 Year Treasury – 3.07 (-0.08/-2.54%)
30 Year Treasury – 4.24 (-0.06/-1.40%)
3 Month LIBOR – 0.25 (-0.01/-3.85%)
U.S. Public Debt (official) – 14,345,440,513,979.40 (-70,333,255.9004/-0.00%)
Baltic Dry Index (BDIY:IND) – 1,474.00 (+125.00/9.27%)
Ah, a holiday. How nice. It’s brats on the grill today, and then Wonderful Wife has to work a night shift. Happily she got called off last night so we got to spend some unexpected time together.
I’m not going to wax extensively about Memorial Day, but as it’s name suggests, it’s a nice time to remember those who came before us and to whom we owe part of our existence.
Meanwhile, the garden is flooded by all of the rain. The seedlings are loving it, but I’m not sure about what was planted last weekend. Hopefully it was not washed out. We shall see.
Baby Girl is doing well. She’s taken to her alphabet and is very interested in watching me write words that she knows.
Otherwise not too much going on this week. Went sailing yesterday, and I’m generally staying very busy at work.
So that’s it for now. Have a great rest of the weekend!