Quote of the week
“The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite.” -James Madison, Federalist No. 45
by Jacob G. Hornberger
“[T]here is a wide range of actions that are risky, dangerous, and even harmful to the person engaging in them, actions that do not involve coercion or aggression against another person but that oftentimes involve severe injury to the person engaged in them.
“Consider mountain climbing, which can be very dangerous. Every few years, people are killed climbing Mount Everest, K-2, and other mountains around the world.
“The same goes for scuba diving, race-car driving, and even cycling. There are higher-than-ordinary risks to life and limb when people engage in certain activities.
“Should the government have the authority to make those activities illegal, in order to protect people from loss of life?” more…
Interview with Gerald Celente
“America is going from what used to be the major capitalistic country in the world of free market – a crusader – into what Mussolini would have called fascism: the merger of state and corporate powers. So it is not socialism as people believe, it is socialism’s egalitarianism. It’s not communism where the state controls monopolies – it’s fascism, plain and simple. The merger of corporate and government powers. State-controlled capitalism is called fascism, and fascism has come to America in broad daylight. But they’re feeding them it in little bits and pieces. First AIG was too big to fail. Mortgage companies Fannie Mae and Freddie Mac were too big to fail. Banks too big to fail and auto companies. And now we give money to the people that make the auto parts. And now there’s talk about the technology companies, wanting their piece of the action. The merger of state and government is called fascism. Take it from Mussolini; he knew a thing or two about it.” more…
by Jim Babka
“Crops grow in dirt. Animals don’t take showers or use toilets. Food is made from yucky stuff. This means there’s always a risk of contamination. We can reduce this risk, but not eliminate it. Attempts to make everything perfectly safe are Utopian fantasies that carry a high price in increased costs, reduced variety, diminished supply, and . . . increased risk.” more…
In the news…
- Oracle will purchase Sun Microsystems for $7.1 billion. Microsoft’s chief was left speechless.
- There will be a State Constitutional Convention question on the ballot in Michigan in 2010.
- A treatment for macular degeneration based upon embryonic stem cells is in the works.
- Caught on an NSA wiretap, Congressperson is saved, so as to defend illegal NSA wiretapping.
- You too can now have a mech suit!
- Hijacked use of 1970s DOD satellites is on the rise, especially in Brazil.
- Becoming more self-sufficient by gardening, canning, sewing, raising animals, etc.. is a growing trend.
- Toys that you control with your mind are coming to a store near you!
- Ubuntu 9.04 has been released. Here’s a review.
- Senator Feinstein has vowed to renew the Clinton Era gun ban, on so called “assault-weapons”.
- Here’s a bit about the potential misuse of the data that Facebook has collected.
Other Links of Interest
- The Bain Report
And now the numbers
DOW Jones Industrials – 8,076.29 (-55.04/-0.68%)
Wilshire 5000 – 8,863.06 (-26.50/-0.30%)
CSI 300 (China) – 2,572.888 (-77.803/-2.94%)
BSE 500 (India) – 4,161.48 (+123.64/3.06%)
MICEX (Russia) – 922.99 (-9.91/-1.06%)
BOVESPA (Brazil) – 46,771.789 (+993.508/2.17%)
Gold/oz – 914.10 (+44.70/5.14%)
Silver/oz – 12.94 (+1.115/9.43%)
Copper/lb – 2.05 (-0.1475/-6.71%)
Oil/bbl (Brent) – 51.67 (-1.68/-3.15%)
Wheat/bu (CBT) – 5.4325 (+0.085/1.59%)
Corn/bu – 3.8575 (+0.095/2.52%)
Dollar/Euro – 1.3262 (+0.0213/1.63%)
Yuan/Dollar – 6.823 (-0.0047/-0.07%)
Yen/Dollar – 97.175 (-1.97/-1.99%)
Dollar/Real – 0.4591 (+0.002/0.44%)
3 Month Treasury – 0.10 (-0.03/-23.08%)
2 Year Treasury – 0.96 (UNCHG)
10 Year Treasury – 2.99 (+0.04/1.36%)
30 Year Treasury – 3.88 (+0.08/2.11%)
Fed Target Rate – 0.25 (UNCHG)
Baltic Dry Index (BDIY:IND) – 1873.00 (+191.00/11.36%)
I am late getting this out, like a day late… Going out drinking on Friday night can have that effect. Anyway, I couldn’t get the public debt number, the treasury direct servers are down. Undoubtedly it is higher than last week though…
Anyway, that’s all I have for this week. Have a great weekend!