by Benjamin Powell
“Feast and football. That’s what many of us think about at Thanksgiving. Most people identify the origin of the holiday with the Pilgrims’ first bountiful harvest. But few understand how the Pilgrims actually solved their chronic food shortages.” more…
The Wall Street Journal
“[W]e do now have hundreds of emails that give every appearance of testifying to concerted and coordinated efforts by leading climatologists to fit the data to their conclusions while attempting to silence and discredit their critics. In the department of inconvenient truths, this one surely deserves a closer look by the media, the U.S. Congress and other investigative bodies.” more… [Here’s another piece from the Telegraph.]
by Adam Liptak
“In the next several months, the Supreme Court will decide at least a half-dozen cases about the rights of people accused of crimes involving drugs, sex and corruption. Civil liberties groups and associations of defense lawyers have lined up on the side of the accused. But so have conservative, libertarian and business groups. Their briefs and public statements are signs of an emerging consensus on the right that the criminal justice system is an aspect of big government that must be contained.” more…
by Walsh & von Spakovsky
“By transforming a refusal or failure to comply with a government mandate into a federal tax violation, the “progressives” are using the brute force of criminal law to engage in social engineering. This represents an oppressive, absolutist view of government power.
“[T]he prospect of winding up in prison for failing to maintain government-mandated insurance may be of no personal concern to the president or members of Congress. They each receive a Cadillac version of health-care coverage funded by those same American taxpayers who, in the reformers’ vision, will be federal criminals if they have the audacity to make their own decisions about medical insurance.” more…
by Leon Hadar
“[A]ccording to most public opinion polls the majority of American conservatives support increasing U.S. military presence in Afghanistan. The same teabaggers who are bashing Obama Administration as “socialistic” and “fascistic” seem to be quite enthusiastic about an Obama doing more national building in Afghanistan, which is bound to help raise the U.S. deficit into the stratosphere and expand the power of the federal government.” more…
- Bill Bonner’s weekly – “Freak Show“
- Casey Financial Sense Editorials – “How and Why China Will Flood the Gold Market“
- We’re at 124 failed banks on the year. Here’s the FDIC’s report.
- Dubai debt debacle may foreshadow sovereign defaults.
News and stuff
- A round up on the anthropogenic global warming fraud.
- Chicago gun ban case will be heard by Supreme Court in February.
- IAEA at dead end over Iran’s nuclear program.
- SNL skit, Obama visits China.
- Animation of nationwide unemployment rates by county from 2003-present.
And now the numbers…
DOW Jones Industrials – 10,309.92 (-8.24/-0.08%)
S&P 500 – 1,091.49 (+0.11/0.01%)
VIX – 24.74 (+2.55/11.49%)
CSI 300 (China) – 3,382.51 (-248.503/-6.84%)
BSE 500 (India) – 6,470.84 (-135.16/-2.05%)
MICEX (Russia) – 1,286.04 (-48.11/-3.61%)
BOVESPA (Brazil) – 67,082.148 (+754.867/1.14%)
RICI – 3,210.61 (-4.35/-0.14%)
Gold/oz – 1,175.50 (+28.70/2.50%)
Silver/oz – 18.335 (-0.105/-0.57%)
Copper/lb – 312.55 (-0.85/-0.27%)
Oil/bbl (Brent) – 77.18 (-0.02/-0.03%)
Wheat/bu (CBT) – 559.00 (-21.75/-3.75%)
Corn/bu – 413.50 (+6.50/1.60%)
EUR-USD – 1.4988 (+0.0126/0.85%)
USD-JPY – 86.533 (-2.352/-2.65%)
USD-BRL – 1.7408 (+0.0094/0.54%)
3 Month Treasury – 0.02 (+0.01/100.00%)
2 Year Treasury – 0.68 (-0.04/-5.56%)
10 Year Treasury – 3.21 (-0.16/-4.75%)
30 Year Treasury – 4.20 (-0.09/-2.10%)
U.S. Public Debt (official) – 12,009,454,244,833.80 (-2,333,137,432.80/-0.02%)
Baltic Dry Index (BDIY:IND) – 3,974.00 (-533.00/-11.83%)
Happy days! I got a new computer. Quad-core Intel, with 4GB RAM and a tera-byte hard drive. Whoo-hoo! It’s awesome.
I did a bit of writing in a separate post today, which is linked above. Would appreciate any comments. On the other hand, perhaps my view is obvious.
Faux News was reporting today, and yesterday, and the day before that a couple got into some state diner at the White House. They were also reporting that some criminal law had been broken by the couple. What hogwash. (See criminal justice article above.)
The fact is that some group of bureaucrats screwed up and got egg all over their faces, and I can only laugh about the whole thing. Kudos to the couple. Anyone who highlights the utter incompetence of the political class or its minions is number one in my book. The White House can’t even keep a guest list straight and it purports to be able to simultaneously manage our healthcare, regulate our financial institutions, manage a worldwide military empire, and a million other lesser things.
What a bunch of idiots. The whole thing would be absolutely hilarious if it weren’t so serious. The inmates are running the asylum folks.
Okay enough of all of that.
On a lighter note, I hope everyone had a great Thanksgiving, that you had time to spend with your families and friends, that you had some good food and good times. Have a great weekend!