Quote of the week
“I believe one of the most serious misunderstandings about totalitarianism is that it arrives as a full package that requires no assembly. That it is put on the people, like a winter coat. All at one time, and in full view for all to see.” – Robert Wenzel
by George Washington
“WHEREAS it is the duty of all nations to acknowledge the providence of Almighty God, to obey His will, to be grateful for His benefits, and humbly to implore His protection and favour; and Whereas both Houses of Congress have, by their joint committee, requested me ‘to recommend to the people of the United States a DAY OF PUBLICK THANKSGIVING and PRAYER, to be observed by acknowledging with grateful hearts the many and signal favors of Almighty God, especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness:'” more…
by Simon Black
“Military tacticians and historians often make use of the term ‘tip of the spear.’ It refers to a combat force that is used to puncture the enemy’s initial lines of defense, to be quickly followed by concentrated forces which destroy any remaining threat.
“Tactically, the tip of the spear is a bit of a blitzkrieg– an unexpected onslaught of firepower and destruction that takes the enemy by surprise, scatters his resources, and fractures his morale.
“I’m convinced that what we’re seeing right now from the US Transportation Security Administration (TSA) is the tip of the spear in the government’s battle for increased control of the public.” more…
by Aetius Romulous
“Humanity may have landed a man on the moon, but nothing compares with two cans of creamed corn for under a buck. It’s a freaking miracle. A miracle when one considers all the open palms that creamed corn had to pass through from seed to plate, throwing off profit into every sweaty one. Food is now corporate, and driven by the bottom lines of dozens of invisible enablers, corporate charters all regulated by law and designed for no other reason than the maximization of each shareholders value. Built atop every golden kernel of corn is a golden edifice of economic interconnectivity.” more… [Something worth thinking about.]
Common Sense and Security: Body Scanners, Accountability, and $2.4 Billion Worth of Security Theater
by Lee Tien
“The Transportation Security Administration is feeling public heat these days over its combination of whole-body-image scanners and heavy-handed pat-down searches, and deservedly so.
“There’s no question that reform is needed to curtail TSA’s excesses. We especially applaud the Electronic Privacy Information Center’s efforts to increase public awareness about the body scanners. But will the heat now being generated produce the kind of light we really need?
“Consider, for instance, the all-too-common response that we need to accept the indignity and invasiveness of the body scanners and pat-down searches in order to be safer. That response assumes that body scanners actually make us safer — a dubious assumption that we explore below.” more…
- The Bain Report
- Don’t see any failed banks this week.
- Amazon Best Sellers: #1 Decision Points by George W. Bush; #2 Diary of a Wimpy Kid: The Ugly Truth by Jeff Kinney; #3 Autobiography of Mark Twain, Vol. 1 by Mark Twain
- Donations to Senators related to S.510 – ‘The Food Safety Bill’.
- Treasury would not support stripping the Fed of its ‘full-employment mandate’.
- IMF wants further centralization of power in the EU.
- Body scanner CEO accompanied Obama to India.
- Libertarian stalwart David Nolan dies at age 66.
- ‘The Euro Game Is Up! Who the hell do you think you are?’ – Nigel Farage MEP
And now the numbers…
DOW Jones Industrials – 11,092.00 (-111.55/-1.00%)
S&P 500 – 1,189.40 (-10.33/-0.86%)
VIX – 22.22 (+4.18/23.17%)
CSI 300 (China) – 3,194.853 (+16.007/0.50%)
BSE 500 (India) – 7,552.11 (-291.99/-3.72%)
MICEX (Russia) – 1,566.41 (+9.61/0.62%)
BOVESPA (Brazil) – 68,226.102 (-2,671.796/-3.77%)
Nikkei 225 (Japan) – 10,039.56 (+17.17/0.17%)
RICI (Commodities) – 3,494.08 (+20.24/0.58%)
Gold/oz – 1,364.30 (+12.00/0.89%)
Silver/oz – 26.772 (-0.407/-1.50%)
Copper/lb – 376.25 (-8.00/-2.08%)
Oil/bbl (Brent) – 85.58 (+1.24/1.47%)
Wheat/bu (CBT) – 687.25 (-38.00/-5.24%)
Corn/bu – 553.00 (+18.25/3.41%)
Rough Rice (CBOT) – 13.405 (-0.49/-3.53%)
EUR-USD – 1.3242 (-0.0431/-3.15%)
USD-JPY – 84.1045 (+0.5575/0.67%)
USD-HKD – 7.7633 (+0.0088/0.11%)
USD-BRL – 1.7279 (+0.0122/0.71%)
NZD-USD – 0.7499 (-0.0287/-3.69%)
3 Month Treasury – 0.15 (+0.02/15.38%)
2 Year Treasury – 0.51 (+0.01/2.00%)
10 Year Treasury – 2.87 (UNCHG)
30 Year Treasury – 4.21 (-0.03/-0.71%)
3 Month LIBOR – 0.29 (+0.01/3.57%)
U.S. Public Debt (official) – 13,788,289,275,080.00 (-165,867,038.00/-0.00%)
Baltic Dry Index (BDIY:IND) – 2,170.00 (+15.00/0.70%)
Alright, well I hope everyone had a fantastic Thanksgiving. Now begins the best month of the year.
It turns out that Little Wife had to work both Wednesday and Thursday night, so we decide to postpone most of the cooking until Saturday. Meanwhile, we had carne adovada yesterday. This last batch marks a exponential increase in yumminess for my recipe. Who knew that lemon juice and olive oil would have that effect? So I’m going to try and make it again exactly the same way next time and then I might try some lime juice instead. Only reason I didn’t use lime juice this time was that the frigde only contained lemon juice.
So sure, I could have gone to the store, but I’ve decided that I don’t want to shop on holidays anymore. It just encourages the stores to be open. I’m happy to be off, and by not shopping perhaps others will have a better chance of getting the day off in the future.
Baby Girl and I had fun the last couple of days. She’s such a climber. I turned around and there she was scaling the entertainment cabinet. A foot and a knee on the bottom shelf, clinging to the top shelf with both hands trying to pull herself all the way up. Yikes!
And that gets us to “Black Friday”. Here’s a nice note that sums up my feelings about that. Having such a day as this juxtaposed with Thanksgiving seems almost blasphemous. That said, I did go to the grocery store today. Turns out the store itself was pretty empty, that despite the parking lot’s deluge of cars.
So that’s the story for the week. Have a great weekend!