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 Cheaper machetes in Nigeria?! The elections must be over!

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Luther Blissett
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Joined: 06 Sep 2005
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PostPosted: Mon Jul 02, 2007 5:13 pm Reply with quoteBack to top

Freakonomics in action, part 419/525:

http://www.ngex.com/news/public/newsinfo.php?nid=4210

Quote:
Price of machetes drops after elections - News Agency of Nigeria
x | July 02, 2007
The price of machetes has dropped significantly in parts of Nigeria since the end of general elections as demand from thugs sponsored by politicians has decreased the News Agency of Nigeria reported.

NAN said surveyed prices in Gombe State found that a good quality machete was now selling for 400 naira ($3.50) compared with 800 naira ($7.00) before the elections.

"A price survey on machetes, which served as a popular weapon among political thugs in the state, indicated ... a drop in the price of the implement," they said .

Machetes are primarily used as a tool for farming in Nigeria but they are also popular among political gangsters.

"Before the conduct of the general elections, I was selling a minimum of seven machetes daily but can hardly sell one a day now," said Usman Masi, a trader quoted said. .

European election monitors had estimated that at least 200 people were killed in politically motivated violence ahead of the April polls.


Shocked

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B. A. Ware
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Joined: 14 Apr 2007
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PostPosted: Mon Jul 02, 2007 6:04 pm Reply with quoteBack to top

A devastating blow for those of us who are heavily invested in machete futures. Laughing
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Tommo Shanter
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Joined: 13 Jan 2006
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PostPosted: Mon Jul 02, 2007 9:18 pm Reply with quoteBack to top

<br>Eat your heart out Al Gore. That machete investment would have certainly sorted all those chads out and saved us all from the second Acropolis.

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Josh
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Joined: 24 Apr 2007
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PostPosted: Tue Jul 03, 2007 11:48 pm Reply with quoteBack to top

Hilarious - if it wasn't scarily true. I guess that explains why a couple of my scammers have kept on moaning about strikes and not being able to get to Western Union outlets (not that I mind at all) lately.

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kleindoofy
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PostPosted: Wed Jul 04, 2007 12:00 am Reply with quoteBack to top

Statistics can be very risky:

Quote:
New evidence for the theory of the stork.

Data from Berlin (Germany) show a significant correlation between the increase in the stork population around the city and the increase in deliveries outside city hospitals (out-of-hospital deliveries). However, there is no correlation between deliveries in hospital buildings (clinical deliveries) and the stork population. The decline in the number of pairs of storks in the German state of Lower Saxony between 1970 and 1985 correlated with the decrease of deliveries in that area. The nearly constant number of deliveries from 1985 to 1995 was associated with an unchanged stork population ...


click for source

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Josh
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PostPosted: Wed Jul 04, 2007 2:38 am Reply with quoteBack to top

Never forget the old saying "there's lies, damn lies, and then there's statistics!"

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Zen
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PostPosted: Wed Jul 04, 2007 11:41 am Reply with quoteBack to top

B. A. Ware wrote:
A devastating blow for those of us who are heavily invested in machete futures. Laughing

I'm adding this to the list of reasons why I'm unable to pay the barrister's fees this week Laughing

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