Achieving Internet Order Without Law

College football star Manti Te'o has been torn to shreds in the media for allegedly concocting a girlfriend, but he claims he was the victim of an elaborate hoax.

In a rare turn of events, Mike is out of the turret today so I’m filling in. (He’ll be back in action soon.) First, a quick comment on the JOBS act. Here’s an excerpt of President Obama’s signing ceremony remarks:

WASHINGTON (Reuters) - The United States could lose exports in sectors ranging from aircraft to power equipment unless a new international pact is reached to rein in "unregulated" government export financing, the head of the U.S. Export-Import Bank said on Monday. "The international export finance landscape is changing dramatically, and not in ways that necessarily benefit the United States," Ex-Im Bank President Fred Hochberg said in a speech. "Export finance is increasingly like the Wild West, where rules are loosely followed, if at all. ...

When it comes to online privacy, many consumers assume that their service provider, or the websites they are browsing, have the users’ best interest in mind and that these companies won’t simply hand over your information to authorities.

You’ve all read about the first “3D gun” being made?  Well here’s some of the fallout:

By Robert Hallberg:The days of the Wild West in the United States are long gone, but Mongolia is as close to the Wild West as an entrepreneur can hope for these days. It is a post-Soviet satellite state in the middle of free-market reform. It has a red hot economy with a GDP that grew 15% last year, and the outlook for 2012 looks just as good.

Matthew Bradbard submits: Wild swings and crazy volatility is becoming commonplace commodity-wide. These markets are choppy and trend less, so one must really monitor one's positions on an intra-day basis.