Public School Record-Keeping: Stolen Textbooks Went Unnoticed for Five Years.

Posted on September 6, 2013

A Long Beach book buyer has been accussed of stealing thousands of new and used textbooks from four school districts in a massive scheme that involved 12 other people, including two librarians, a campus supervisor and a former warehouse manager. Bellflower, Inglewood, Lynwood and Los Angeles unfied school districts were impacted by the scheme, according […]

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PIMCO Loses $41 Billion in Withdrawals

Posted on September 6, 2013

With investors anticipating the end of the Federal Reserve’s stimulus program, the biggest mutual fund in the world, Pimco’s Total Return Fund, took a $41 billion hit over the past four months after losses and withdrawals, according to Morningstar. The $292 billion fund has shrunk to $251 billion, a reduction of 14 percent, since May, […]

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Guns, Badges, and Cartels

Written by Gary North on September 5, 2013

“Does anyone seriously believe that people who are prepared to defy the laws against murder are going to obey laws against owning guns or large-capacity magazines?” — Thomas Sowell I have watched the debate over gun control for almost 50 years. I have heard opponents of gun control invoke this argument. I do not recall […]

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Upside-Down Economic Reporting: Higher Oil Prices Are Good.

Written by Gary North on September 5, 2013

I am always astounded at what passes for economic analysis in the media. This is a recent example. Bloomberg ran a headline: Widening Trade Deficit Signals Improving U.S. Demand: Economy. I see. A trade deficit. Americans are borrowing more from abroad — foreign lenders — to buy things. What kind of things? We read: “The […]

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How NSA Spies on the EU and the UN

Written by Gary North on September 4, 2013

It’s scorpions in the bottle! The bureaucrats thought they were immune. The Edward Snowden revealed the NSA’s schematics to bug the whole bureaucratic bunch. This is from Grant Williams, who in my view offers more chuckles per “I never knew that” revelation than any other financial commentator. Snowden did it again. The European Union building […]

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