Week in Review

Quote of the week

“[W]e just ignore the state’s rules whenever it suits us and wherever we can get away with it.” – Gary Gibson

Freedom in the 50 States

“This study comprehensively ranks the American states on their public policies that affect individual freedoms in the economic, social, and personal spheres. It updates, expands, and improves upon our inaugural 2009 Freedom in the 50 States study. For this new edition, we have added more policy variables (such as bans on trans fats and the audio recording of police, Massachusetts’s individual health-insurance mandate, and mandated family leave), improved existing measures (such as those for fiscal policies, workers’ compensation regulations, and asset-forfeiture rules), and developed specific policy prescriptions for each of the 50 states based on our data and a survey of state policy experts. With a consistent time series, we are also able to discover for the first time which states have improved and worsened in regard to freedom recently.” more… [I always love browsing these kinds of surveys.]

Europe’s Future Comes Into Focus

by Detlev Schlichter

“What struck me most when reading the first responses to the EU summit was this: Most of what you get from the mainstream media pundits or from the financial economists on Wall Street or in the city of London not only misses the relevant points, it usually gets things completely the wrong way round. What these analysts suggest is good policy is almost always bad policy and should be avoided under any circumstances.

“Let’s go through the salient points:” more…

Wherever You Go, Cameras Are Watching You

by Aaron Saenz

“The modern digital camera is small enough to fit on a phone, powerful enough to record in high definition, and popular enough to be almost everywhere. With the rise of camera technology have come two dueling trends: the popularity of sharing videos and pictures online, and the fear that we’re losing privacy to security surveillance. Which force is more powerful: Big Brother or Big Social Sharing? And where is all this camera technology leading us in the years ahead? Our friends at Mezzmer Eyeglasses have created another compelling infographic to give you the details about digital recording in the 21st Century. Delve into the exclusive Singularity Hub image below. Wherever you go, cameras are watching you. It’s about time to figure out what’s going on behind those electronic eyes.”  more… [Cool infographic.]

Regulars

Other Stuff

And now the numbers…

DOW Jones Industrials – 11,983.24 (-247.87/-2.03%)
S&P 500 – 1,253.23 (-31.86/-2.48%)
VIX – 30.16 (+5.63/22.95%)
CSI 300 (China) – 2,763.746 (+54.729/2.02%)
BSE 500 (India) – 6,742.08 (-671,476.92/-99.01%)
MICEX (Russia) – 1,501.18 (-25.39/-1.66%)
BOVESPA (Brazil) – 58,669.92 (-843.21/-1.42%)
Nikkei 225 (Japan) – 8,801.40 (-249.07/-2.75%)
RICI (Commodities) – 3,744.37 (-29.00/-0.77%)
Oil/bbl (Brent) – 111.97 (+2.06/1.87%)
Corn/bu – 655.75 (+0.75/0.11%)
Wheat/bu (CBT) – 636.75 (-7.75/-1.20%)
Rough Rice (CBOT) – 16.125 (-0.875/-5.15%)
Copper/lb – 356.45 (-14.15/-3.82%)
Gold/oz – 1,756.10 (+8.90/0.51%)
Silver/oz – 34.084 (-1.204/-3.41%)
EUR-USD – 1.3792 (-0.0355/-2.51%)
USD-JPY – 78.2395 (+2.415/3.18%)
USD-BRL – 1.7518 (+0.0797/4.77%)
NZD-USD – 0.7938 (-0.0272/-3.31%)
3 Month Treasury – -0.01 (-0.01/INF%)
2 Year Treasury – 0.22 (-0.07/-24.14%)
10 Year Treasury – 2.03 (-0.29/-12.50%)
30 Year Treasury – 3.09 (-0.29/-8.58%)
3 Month LIBOR – 0.44 (+0.01/2.33%)
U.S. Public Debt (official) – 14,973,228,608,400.00 (+33,652,959,800.00/0.23%)
Baltic Dry Index (BDIY:IND) – 1,784.00 (-234.00/-11.60%)

 

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