'I don't want to live in a society that does these sort of things…A new leader will be elected. They'll flip the switch, say that because of "the crisis"…some new and unpredicted threat, we need more authority, we need more power. And there will be nothing people can do at that point to oppose it. And it'll be turnkey tyranny.'
"I don't mind Verizon turning over records to the government, if the government is gonna … match up a known terrorist phone with someone in the United States.
"I don't think you're talking to terrorists. I know I'm not. So we got nothing to worry about."
Thousands of people formerly employed by the government, and still approved to deal with classified information, now do essentially the same work for private companies. Mr. Snowden, who revealed on Sunday that he provided the recent leak of national security documents, is among them.
To prove that point, we show the latest monetary data from the St Louis Fed. The following chart presents the US monetary base M0 (which is the Fed’s balance sheet) in red, and the money supply M2 in green. What appears from this chart is that the US central bank has accelerated the expansion of its monetary base lately. There is nothing new here. But the tricky part is that the money supply is growing only slightly; it has increased 1.6% over the last half year while the monetary base has gone up by 25%. There are no up-to-date European figures; that’s why we can only show data from the US.
India has been famously suffering from energy problems for a while, with constant blackouts plaguing many of its citizens, resulting from the failed attempts to expand the national grid. Solar power generally offers India the chance to solve its electricity problems, as rural communities can generate their own power from local solar arrays. The potential is great that it is unsurprising really that Coal India has decided to invest in such an energy source.
The Sequester May Start To Show In Data (jdargis)
Analysts see retail sales showing some life and rising 0.4% in May after a subdued 0.1% gain in April. But spending is not expected to exceed the 3.4% annualized gain of the first quarter. The Commerce Department will report retail sales data on Thursday.
As farmers go through the ritual of examining every weather map and every tick on the futures boards, trying to divine if and how their pocketbooks can survive another curveball from nature, they are also keeping an eye on Washington, where Congress is still bickering over the farm bill. Farmers are hoping that lawmakers will maintain taxpayer-subsidized crop insurance and other support programs that will help them get through disasters like floods and drought.
Mott Green, a Free-Spirited Chocolatier, Dies at 47 (Michael W.)
“A lot of people now talk about paying for the actual cost of food or fair food and stuff like that,” said Alexis Buss, a friend from Mr. Green’s days as a squatter. “He wasn’t doing it to be trendy. He’s always been that way. He was just doing it because it made sense.”
Gold & Silver
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