Week In Review

The Oil-Price Bubble

There are many factors behind the sharp increase in the oil price, but one is usually overlooked: it’s a bubble. Where bubbles appear in the market (think of housing and tech stocks, to name two in recent memory), you will find the hidden hand of monetary policy at work. This is an underlying issue that helps explain the price. Recognizing this also helps us make a better judgment concerning the future of the oil price as it relates to overall economic well-being. more…

Can Machines Be Conscious?

Would you sell your soul on eBay? Right now, of course, you can’t. But in some quarters it is taken for granted that within a generation, human beings-including you, if you can hang on for another 30 years or so-will have an alternative to death: being a ghost in a machine. You’ll be able to upload your mind-your thoughts, memories, and personality-to a computer. And once you’ve reduced your consciousness to patterns of electrons, others will be able to copy it, edit it, sell it, or pirate it. It might be bundled with other electronic minds. And, of course, it could be deleted. more…

Ron Paul Has Strong Showing in Final Primaries

Presidential candidate Ron Paul received a total of over 45,000 votes in the final three Republican presidential primaries on June 3. Dr. Paul’s strongest showing was in Montana, where he garnered 22 percent of the vote, followed by 17 percent in South Dakota and 14 percent in New Mexico respectively. more…

Introduction to Zon

Zon is a multiplayer, online learning environment designed to teach Chinese language and culture through gameplay. As a web-based site, Zon provides real-time, on-demand connection to interactive learning activities and authentic cultural information. Zon players are motivated not only by their intrinsic desire to learn more about Chinese language and culture, but also the ability to interact with engaging story-driven plot lines, interesting characters, and fellow players. Zon is built on the premise that learning is interactive. The game provides the opportunity for players to learn from non-player characters (NPCs), responsive game agents, and other players. Throughout each scene, players can engage with various elements of the environment, but they can also speak with other players in that scene or elsewhere in Zon. This allows for players to learn from both the designed game elements and other players. In this way, Zon is designed to provide social and environmental scaffolds to support player learning. more…

DOW Jones Industrials 12,209.81
NASDAQ 2,474.56
Wilshire 5000 13,924.63
S&P 500 1,360.68
Gold/oz 899.00
Silver/oz 17.43
Copper/lb 3.623
Oil/bbl (Brent) 137.69
Wheat/bu (CBT) 8.11
Corn/bu 6.5075
Rough Rice 19.96
Dollar/Euro 1.5784
Yuan/Dollar 6.9183
Yen/Dollar 104.925
Dollar/ Braz. Real 0.6139
Prime Rate 5.00
Fed Target Rate 2.00

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