Submitted by CARPE DIEM
A shoe shop owner in Guirema, Colombia weighs out coca base handed over by a customer in exchange for goods.

In a remote Colombian settlement, transactions are conducted in coca, with one gram enough to buy a soft drink.

Find out why here.
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Submitted by CARPE DIEM
The chart above shows that open interest (volume) for crude oil futures contracts declined by more than 16% since last November, and yet oil prices kept going up. Less oil futures trading, less speculation, but higher oil prices? Isn’t is supposed to be the other way around?
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Submitted by CARPE DIEM
A funny thing happened on the way to the most predicted recession in U.S. history: it didn’t happen.

According to First Trust Advisors.
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Submitted by The Capital Spectator
Modern finance and socially responsible investing appear incompatible. One is quantitative and unemotional, focused on maximizing return for a given level of risk. The other is the epitome of subjectivity in the realm of money management. But marrying the concept of the “optimal” portfolio with investing strategies that also pursue a […]

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Submitted by CARPE DIEM
The NY Times has an article that does a pretty good job of explaining the role of speculators in the futures markets, and highlights some of the benefits they bring to the market: Greater volume of trading, leading to greater liquidity, and thicker, more efficient commodity and futures markets, and even possibly […]

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Submitted by CARPE DIEM

According to a report last week from the National Center for Health Statistics, life expectancy at birth hit a record high in 2006 of 78.1 years, a 0.3 year increase from 2005 (see chart above). Record high life expectancy was recorded for both white males and black males (76 years and 70 […]

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Submitted by CARPE DIEM
That’s exactly what happened, read about it here: “Voter Turnout for Tiny North Dakota Town: Zero“

Now that’s rational ignorance.
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Submitted by CARPE DIEM
Pre-Proposal 2 Data for University of Michigan (Last column is national data):
The Michigan Daily — Underrepresented minorities, which the University defines as black, Hispanic or Native American, will make up 10.5% of the Class of 2012. The class from the previous year was comprised of 10.8% underrepresented minority students. The Class of […]

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Submitted by CARPE DIEM
Politicians never accuse you of “greed” for wanting other people’s money — only for wanting to keep your own money.

~Joseph Sobran
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