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News of the Weird
 

Leading Economic Indicators


June 10th, 2010

Cutting-Edge Products: (1) A Portland, Ore., inventor recently began offering a colorful patch designed to cover the area just below a dog's tail. The "Rear Gear" is featured on the handmade-crafts' s...

Cutting-Edge Products: (1) A Portland, Ore., inventor recently began offering a colorful patch designed to cover the area just below a dog's tail. The "Rear Gear" is featured on the handmade-crafts' site, Etsy.com. (2) Tyrone Henry and Fermin Esson, of Opa Locka, Fla., near Miami, told reporters they were recently granted a patent for "saggy pants" that they say will satisfy young men's street-fashion sense yet not run afoul of municipal laws around the country banning exposed underwear.

Federal Reserve, Securities and Exchange Commission, On Edge: Last November, the government of North Korea made an ultimately disastrous decision to radically devalue its currency, overnight making 100 North Korean won worth 1 North Korean won, and the country's citizens (as well as, reportedly, the Dear Leader himself) were not pleased. Three months later, without much fanfare, came the official announcement that the government's (i.e., the Workers' Party's) chief finance minister, Pak Nam-gi, had been executed by firing squad.

In May, the German manufacturer Ex Oriente Lux AG set up its "Gold To Go" vending machine in the lobby of Abu Dhabi's Emirates Palace Hotel, offering gold coins and one-, five- and 10-gram bars of gold, based on the current world price at the time of the transaction.

 
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