Free Markets, Free People

Daily Archives: April 23, 2013

Economic Statistics for 23 Apr 13

The following US economic statistics were announced today:

In weekly retail sales, Redbook reports a  soft 1.8% increase from the previous year. ICSC-Goldman reports a weekly sales increase of 0.8%, and a weak 1.9% increase on a year-over-year basis.

The PMI Manufacturing Index Flash for April fell nearly 3 points to 53.0.

The FHFA House Price Index rose 0.7% in March, and is up 7.1% on a year-over-year basis.

New home sales for March were weaker than expected, with a 1.5% increase to a 417,000 annual rate.

The Richmond Fed Manufacturing Index fell a steep 9 points to -3 in April.

Dale Franks
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“I do think there are certain times we should infringe on your freedom”

Michael Bloomberg on what you’re going to have to put up with because, you know, freedom comes in second to safety:

In the wake of the Boston Marathon bombings, Mayor Michael Bloomberg said Monday the country’s interpretation of the Constitution will “have to change” to allow for greater security to stave off future attacks.

“The people who are worried about privacy have a legitimate worry,” Mr. Bloomberg said during a press conference in Midtown. “But we live in a complex word where you’re going to have to have a level of security greater than you did back in the olden days, if you will. And our laws and our interpretation of the Constitution, I think, have to change.”

Yeah … no.  What you’re seeing there is just a different way of saying what potential tyrants (authoritarians) have said for centuries.  A shorter version is what Bloomberg said before seen in the title.  That’s what he really means.  This? This is just him saying the same thing but trying to dress it up so it sounds semi-acceptable and reasonable.  It is neither.  What has to change is we need to stand up and say “no” finally.

Because, as you know, the Constitution has remained a consistent obstacle to the authoritarians who would rule over us:

“Look, we live in a very dangerous world. We know there are people who want to take away our freedoms. New Yorkers probably know that as much if not more than anybody else after the terrible tragedy of 9/11,” he said.

“We have to understand that in the world going forward, we’re going to have more cameras and that kind of stuff. That’s good in some sense, but it’s different from what we are used to,” he said.

Or, welcome to the surveillance state. You may surrender your privacy rights over there.

Face it – the terrorists have won.


PS: Oh, btw, we made The New Yorker yesterday.  Ironic, no?