Daily Archives: August 7, 2012

Guns & Bullets

While Toronto city councilors debate variously banning guns and bullets for their own constituents (and others) within a larger national debate (Adam Vaughan calls for Toronto bullet ban), the inquiring reader may wish to put the debate in context. This info-graphic gives a global picture of each country’s import and export trade in small arms and ammunition. It’s quite a beautiful work of art covering such a deadly subject. The national interest in protecting the export revenues from this trade guarantees that any attempt to interfere with it is  futile. This of course means the efforts by certain segments of the population to prevent citizens from owning guns and particularly children from possessing anything that resembles a weapon, is an equally futile and misguided exercise.

Stratfor Geopolitical Weekly: 20120807

Financial Markets, Politics and the New Reality


By George Friedman

Louis M. Bacon is the head of Moore Capital Management, one of the largest and most influential hedge funds in the world. Last week, he announced that he was returning one quarter of his largest fund, about $2 billion, to his investors. The reason he gave to The New York Times was that he had found it difficult to invest given the impossibility of predicting the European situation. He was quoted as saying, “The political involvement is so extreme — we have not seen this since the postwar era. What they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”

Ontario Is Not California

A comment comparing Ontario’s fiscal situation to California’s recently hit the news (e.g. Ont. compared to cash-strapped Calif.) It was meant as a warning to Ontarians. After some debate, we’ve decided to weigh in on the issue. The issue raised above centers on a comparison of California’s fiscal situation, among the worst of all the states in the US, to Ontario’s. As we shall see, California’s situation is significantly better than Ontario’s. To make the issue clear, we reverse this statement: Ontario’s situation is significantly worse than California’s. To find out why, read on.

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