Quote of the week
“The best years of your life are the ones in which you decide your problems are your own. You do not blame them on your mother, the ecology, or the president. You realize that you control your own destiny.” – Albert Ellis
by David Boaz
“Article I, Section 8, Clause 11 of the Constitution vests in Congress the power to declare war. What about cases of imminent danger? The president may feel that there is no time to ask Congress about responding to an attack or an imminent threat. Well, in 1973 Congress tried to come up with a rule to deal with that eventuality. Over President Richard Nixon’s veto, Congress passed the War Powers Resolution, which provided that that the president can send U.S. armed forces into action abroad only by authorization of Congress or in case of ”a national emergency created by attack upon the United States, its territories or possessions, or its armed forces.” The resolution requires the president to notify Congress within 48 hours of committing armed forces to military action and forbids armed forces from remaining for more than 60 days without an authorization for the use of military force or a declaration of war.” more…
by Paul Craig Roberts
“If the President can declare on his own authority, without statutory basis and in defiance of the US Constitution, that he can assassinate US citizens who he considers to be a threat to national security, he certainly can declare that default is a threat to national security and that it is within his powers as commander-in-chief to ignore the debt ceiling.” more…
by Jack Hunter
“Allegedly, the default position for conservatives is to distrust the government and defer to the Constitution. Concerning the Patriot Act, too many conservatives blindly trust the government at the expense of the Constitution. This type of thinking mirrors the logic of the Left, in which the constitutionality of a big government program like Obamacare is considered irrelevant due to the severity of the problem at hand. The liberal healthcare ends justify the unconstitutional means. This characteristic mentality of the Left is exactly how most of the Right approaches the Patriot Act—though it is an outright rejection of what most conservatives of any generation have held most dear.” more…
- Union madness results in using social security number digits to determine teacher layoffs.
- Tom Woods on Ron Paul’s extremism.
- The President is in violation of the War Powers Act. Kucinich Bill to require withdrawal from Libya was pulled after “leadership” thought it might actually pass.
- Signs in Detroit neighborhood warn of crackhead infestation.
- Firefighters, police standby as man drowns himself.
- Decon Gel – “smurf blood” – to help clean up Japanese nuclear waste.
- Ron Paul 2012 money bomb on June 5th.
- Almost all House Democrats and most Republicans vote to support continued use of fully body scanners at airports. Here’s the roll call, so you can see how your Congressional Critter voted. FYI: Dingell was on the wrong side – shocker there. Heinrich and Hunter were both on the right side.
And now the numbers…
DOW Jones Industrials – 12,151.26 (-290.32/-2.33%)
S&P 500 – 1,300.16 (-30.94/-2.32%)
VIX – 17.95 (+1.97/12.33%)
CSI 300 (China) – 2,986.349 (+23.041/0.78%)
BSE 500 (India) – 7,180.73 (+82.79/1.17%)
MICEX (Russia) – 1,633.02 (-5.04/-0.31%)
BOVESPA (Brazil) – 64,340.50 (+45.539/0.07%)
Nikkei 225 (Japan) – 9,492.21 (-29.73/-0.31%)
RICI (Commodities) – 4,141.26 (-3.06/-0.07%)
Oil/bbl (Brent) – 115.84 (+0.81/0.70%)
Corn/bu – 754.00 (-4.50/-0.59%)
Wheat/bu (CBT) – 773.75 (-46.00/-5.61%)
Rough Rice (CBOT) – 14.475 (-0.71/-4.68%)
Copper/lb – 413.45 (-5.15/-1.23%)
Gold/oz – 1,542.40 (+5.10/0.33%)
Silver/oz – 36.191 (-1.672/-4.42%)
EUR-USD – 1.4635 (+0.0316/2.21%)
USD-JPY – 80.3365 (-0.462/-0.57%)
USD-BRL – 1.5763 (-0.0183/-1.15%)
NZD-USD – 0.8157 (-0.0035/-0.43%)
3 Month Treasury – 0.03 (-0.01/-25.00%)
2 Year Treasury – 0.42 (-0.06/-12.50%)
10 Year Treasury – 2.99 (-0.08/-2.61%)
30 Year Treasury – 4.22 (-0.02/-0.47%)
3 Month LIBOR – 0.25 (UNCHG)
U.S. Public Debt (official) – 14,344,706,437,041.50 (-734,076,937.90/-0.01%)
Baltic Dry Index (BDIY:IND) – 1,489.00 (+15.00/1.02%)
Wow, it’s been a nice week. Mid-70s to mid-80s. No rain. Overall the garden is looking good, but the green beans are a little off. I was at the park this evening with Baby Girl and started talking to a lady who has a garden there. She ended up giving me a mature chive plant, so I planted that tonight. Now I don’t have to wait for mine to grow from seed. The strawberries are popping and should be read in the next 1-2 weeks. Yummy!
Meanwhile, I just finished up a bunch of things at work. Two projects I had been working on, one for about three weeks, and another for about two, both got finished today. That feels nice, nice enough to bug out a bit early.
Wonderful Wife is doing well. We’re having a new baby sometime around Thanksgiving, and so that is very exciting. Baby Girl doesn’t realize it yet, but she was very interested in seeing the print out of the first ultrasound.
Breakfast tomorrow at the Classic Cup Cafe on Jackson.
Have a great weekend!