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God help us all.
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The spam standard is ending. In news that is likely about to throw the mouth-foaming Keynesians in for a perpetual loop, the Russian Central Bank has quietly announced the sneakiest gold confiscation ploy in history. Reuters reports: “Russia's central bank will offer gold-backed loans for up to 90 days at an interest rate of...
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U.S. regulators have asked some banks to take more deposits from large investors even if it’s unprofitable, and lenders in return are seeking relief on insurance premiums and leverage ratios, according to six people with knowledge of the talks. Deposits are flooding into the biggest U.S. banks as customers seek shelter from Europe’s debt...
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This is absolutely insane. A must read. The Federal Department of Justice in Washington, D.C. has suggested that the use of wood from India that is not finished by Indian workers is illegal, not because of U.S. law, but because it is the Justice Department’s interpretation of a law in India. (If the same...
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“Sources within the top level management of the police in Oslo have confirmed to Aftenposten that the drill finished at 15:00 that same Friday,” the newspaper reports. “All of the officers from the anti-terror unit that later took part at the bombsite at the government buildings and went out to Utøya to apprehend Anders...
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That someone should be painfully subjugated, tortured, and killed for his own safety and to prevent him from harming himself sounds absurd, but it is an excuse used over and over by police. For instance, an elderly cancer patient was Tasered for his own safety. A young child was Tasered for the purposes of...
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If Republican presidential hopeful Ron Paul is dissatisfied with the attention he's getting in America, here's another audience he might try: southeastern France. This week European free-market economists, activists and students gathered in Aix en Provence for the annual Summer University of the New Economics. The sessions concern the crisis of the welfare state...
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Feeding America's study, funded by ConAgra Foods, is based on 2009 statistics compiled by the U.S. Department of Agriculture, which runs 15 food aid programs, including the nationwide free and subsidized school lunch program and WIC, a supplemental food program that provides tailored food supplements to pregnant women and families with children under age...
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Ever since Ben Bernanke began his massive infusions of money into the financial system, many analysts (including me) have been worried about the severe weakening of the dollar if and when the fractional-reserve-banking system magnified the initial injections severalfold. Although the trend could reverse, data from the past two months suggest that the inflationary...
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On the other side is the Obama administration, all the banks, and, now, apparently, all the other state attorneys general. This second camp has all gotten together, put their heads together, and cooked up a deal that would allow the banks to walk away with just a seriously discounted fine from a generation of...
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