The Financial State

	January 2009	TODAY	% chg	Source
Avg.. Retail price/gallon gas in U.S.	$1.83	$3.44	84%	1
Crude oil, European Brent (barrel)	$43..48	$99..02	127.7%	2
Crude oil, West TX Inter. (barrel)	$38..74	$91..38	135.9%	2
Gold: London (per troy oz.)	$853.25	$1,369.50	60.5%	2
Corn, No.2 yellow, Central IL	$3.56	$6.33	78.1%	2
Soybeans, No. 1 yellow, IL	$9.66	$13..75	42.3%	2
Sugar, cane, raw, world, lb. Fob	$13..37	$35..39	164.7%	2
Unemployment rate, non-farm, overall	7.6%	9.4%	23.7%	3
Unemployment rate, blacks	12.6%	15.8%	25.4%	3
Number of unemployed	11,616,000	14,485,000	24.7%	3
Number of fed. Employees	2,779,000	2,840,000	2.2%	3
Real median household income	$50,112	$49,777	-0.7%	4
Number of food stamp recipients	31,983,716	43,200,878	35.1%	5
Number ofunemployment benefit recipients	7,526,598	9,193,838	22.2%	6
Number of long-term unemployed	2,600,000	6,400,000	146.2%	3
Poverty rate, individuals	13.2%	14.3%	8.3%	4
People in poverty in U.S.	39,800,000	43,600,000	9.5%	4
U.S.. Rank in Economic Freedom World Rankings	5	9	n/a	10
Present Situation Index	29.9	23.5	-21.4%	11
Failed banks	140	164	17.1%	12
U.S.. Dollar versusJapanese yen exchange rate	89.76	82.03	-8.6%	2
U.S.. Money supply, M1, in billions	1,575.1	1,865.7	18.4%	13
U.S.. Money supply, M2, in billions	8,310.9	8,852.3	6.5%	13
National debt, in trillions	$10..627	$14..052	32.2%	14

Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history.

Over 27 times as fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane.

27 times faster, it would be doing 7,555 MPH!

Sources:

(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3)Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. Of Labor;
(7) FHFA; (8) Standard & Poor's/Case-Shiller; (9) RealtyTrac; (10)Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC;
(13) Federal Reserve; (14) U.S. Treasury

Will the PokerStars shut down effect US Chess League?

Now that the feds shut down PokerStars.com (the major sponsor of US Chess League) and other major online poker sites, how will it effect US Chess League?

Three largest online poker sites indicted and shut down by FBI
April 15, 2011

The founders of the three largest online poker sites were indicted on Friday in what could serve as a death blow to a thriving industry.

Eleven executives at PokerStars, Full Tilt Poker, Absolute Poker and a number of their affiliates were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the defendants were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others.

Prosecutors are seeking to immediately shut down the sites and to eventually send the executives to jail and to recover $3 billion from the companies. By Friday afternoon Full Tilt Poker’s site displayed a message explaining that “this domain name has been seized by the F.B.I. pursuant to an Arrest Warrant.”

The online gambling industry has taken off over the last decade, drawing an estimated 15 million Americans to bet online.

In 2006 Congress passed a law curtailing online gambling. Most of the leading sites found ways to work around the law, but prosecutors allege that in doing so they broke the law.

“These defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits,” Preet Bharara, the U.S. attorney in Manhattan, said in a statement.

Source: http://latimesblogs.latimes.com