"The San Francisco-based company is out to make the Nespresso of vaporizers, complete with a sleek, Made in California aesthetic and proprietary pods filled with all-natural tobacco. If vaporizers are going to get anywhere near the mainstream, they need to dispatch the silly glowing tips, finicky and flawed hardware, and horribly named 'e-juice.' They need class and sophistication, and the Ploom Model Two delivers." Continue reading →
"All 26 of Finley's referrals had stage 4 cancers — brain tumors, colon cancers, lung cancers — which means the malignant growths had metastasized to other organs. Most had prognoses of a few months to live, some had less than six weeks. All complemented modern Western medicine treatments such as chemotherapy with the concentrated oil — and all but one have survived, she says. A patient's prognosis can very widely depending on the type of cancer, but the disease is a reliable killer at stage 4, meaning Finley's patients' 96 percent survival rate is unheard-of. Most maddening to some is the fact that none of this is new." Continue reading →
"'The plant hasn't changed, the consumers haven't changed,' says Auburn University's Mark Thornton, 'it's prohibition and the difficulties and risks of getting it from the growing stage to the consumer.' Thornton, author of The Economics of Prohibtion, sat down with ReasonTV's Tracy Oppenheimer to discuss how prohibition distorts the market for marijuana, and why potency levels are on the rise. He says that the potency of other illegal drugs has also increased and that this even included alcohol during prohibition. 'It's a phenomenon that exists anytime government tries to prevent the consumption of something.'" Continue reading →
"In yet another attempt to encourage gold trading in the country, Singapore's SGPMX, (Singapore Precious Metals Exchange) on Wednesday launched the world's first physical precious metals exchange with peer-to-peer bullion trading capabilities integrated into the trading platform. As part of the launch, SGPMX also announces the entry into an MOU with Certis CISCO which will act as the custodian for bullion storage. The platform which will operate 24/7 will allow investors and traders to buy and sell physical gold for as little as $1,000. After they have bought it, the exchange will also provide facilities to store the gold with Certis Cisco Singapore." Continue reading →
"India's gold imports in June are estimated to have fallen drastically to 35-40 tonne, less than a quarter of what the purchases in May were because of state restrictions, triggering a sharp rise in premiums in the local market and raising a question mark on the survival of small jewellers. The acquisition cost of the yellow metal has shot up as bullion dealers are now charging a premium of up to Rs 350 per 10 grams over and above the metal's international price, up from only Rs 40 two weeks ago. The premium, along with the increase in landed price of gold because of the rupee's depreciation, has denied Indian buyers the benefit of the fall in international prices last month." Continue reading →
"Gold smuggling has gone up several notches in India. According to customs officials, after banks stopped selling gold coins and following the hike in import duty, there has been a spurt in demand for the metal prompting people to smuggle. Officials pointed out that smugglers and buyers of smuggled gold tend to save on import duty as well as other taxes like value added tax and income tax. Given the severe curbs on gold buying and selling, other sources are trying to pitch in and take advantage of the situation, by selling gold through illegal means, they added." Continue reading →
"We've been chronicling the arrival of the 'most powerful' central banker of his era, the new head of the Bank of England, Mark Carney. The grand chambers in which they meet, the relentless coverage of even the most insignificant remark, the fawning photo-ops ... all contribute to an air of inevitability and 'business as usual' when it comes to the modern monetary process. What have we learned of late? That Carney took the 'tube' to work on his first day on the job and that he was an hour early. And now we learn that one of Mark Carney's very first acts is to figure out how to place an additional woman's likeness on a British bank note." Continue reading →
"Who are people turning to nowadays for business advice? Celebrity economists. Big-name experts on the economy like Paul Krugman, Joseph Stiglitz, Michael Porter, Robert Reich and Muhammad Yunus feature prominently in a new ranking of influential business thinkers compiled for The Wall Street Journal. The findings – based on Google hits, media mentions and academic citations – show just how much the business-guru landscape has changed since 2008, when a previous ranking was conducted using similar methodology. Author and consultant Gary Hamel ranked No. 1 at the time, a spot now occupied by Krugman." Continue reading →
"During the Great Recession, 60% of the job losses occurred in the middle-income ranks. Yet, 60% of the jobs that have returned have come in the low-income ranks. Worse, the labor participation rate of America’s youth – those aged 16 to 24 – is at its lowest level since, at least, the 1970s. Obama’s America, thus, is breeding economic desperation as middle-income families struggle to reclaim a lifestyle they once knew and as easily agitated youth with little to lose find that America has too few jobs for them. That is a flashpoint. So, too, is the systemic and expanding welfare mentality that has infected our government and too many of our people." Continue reading →
"As of Thursday afternoon, over 400 people had indicated on a Facebook event page that they would be attending the 'Block Party to Fight Austerity at Rahm’s House.' 'Let’s gather at Chase Park (Ashland and Leland) at noon, then march over to Rahm Emanuel’s house for a street dance party to celebrate citywide resistance to budget cuts and other austerity measures that hurt poor and working people in order to make the super-rich even richer,' the organizers wrote. 'At a time when working people are already struggling to make ends meet, Mayor Emanuel is eliminating thousands of jobs across the city every year,' organizer Greg Goodman explained to the station." Continue reading →