The top of today's reading list has a Reuters article discussing implications for the global economy of gold's recent price decline........ and the last article is about the world of emerging markets outside of the BRICS.

10 reasons state lotteries ruin the economy (Steven Rosenfeld, Salon) Hat tip to Roger Erickson. State lotteries amount to a hidden tax on the poor. They eat up about 9 percent of take-home incomes from households making less than $13,000 a year. They siphon $50 billion a year away from local businesses.

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