Monthly Archives: September 2013

TORONTO, ONTARIO--(Marketwired - Sep 18, 2013) - Canada is again ranked among the world's most economically free countries, placing eighth overall and well ahead of the United States in 17th spot, according to the Fraser Institute's annual Economic Freedom of the World report.

Canada's ranking is down slightly to 7.93 compared to 7.97 last year, when it tied with Australia to place fifth globally.

"Canada has consistently ranked among the top 10 countries for economic freedom, a testament to its strong record of enacting policies that support economic growth, job creation, and prosperity," said Fred McMahon, co-author of the Economic Freedom of the World: 2013 Annual Report.

"Unfortunately for the United States, we've seen overspending, weakening rule of law, and regulatory overkill on the part of the U.S. government, causing its economic freedom score to plummet in recent years. This is a stark contrast from 2000, when the U.S. was considered a bastion of economic freedom and ranked second globally."

Hong Kong again topped the rankings of 151 countries this year, followed by Singapore, New Zealand, and Switzerland.

Research shows that people living in countries with high levels of economic freedom enjoy greater prosperity, more political and civil liberties, and longer life spans.

"The link between economic freedom and prosperity is undeniable: the nations with the most economic freedom also offer people the best quality of life. Compare the bottom-ranked countries, where oppressive regimes deny their citizens opportunities for economic growth and personal freedom," McMahon said.

The annual Economic Freedom of the World report is the premier measurement of economic freedom, using 42 distinct variables to create an index ranking of countries around the world based on policies that encourage economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of private property. Economic freedom is measured in five different areas: (1) size of government, (2) legal structure and security of property rights, (3) access to sound money, (4) freedom to trade internationally, and (5) regulation of credit, labour, and business.

International rankings

Hong Kong has the highest level of economic freedom worldwide, with a score of 8.97 out of 10, followed by Singapore (8.73), New Zealand (8.49), Switzerland (8.30), United Arab Emirates (8.07), Mauritius (8.01), Finland (7.98), Canada and Bahrain (each 7.93), and Australia (7.88).

Excerpt from:
The Fraser Institute: News Release; Canada Continues to Lead the United States in Economic Freedom While Hong Kong ...

TORONTO, ONTARIO--(Marketwired - Sep 17, 2013) - The Fraser Institute will release its Economic Freedom of the World 2013 Annual Report on Wednesday, September 18 at 6:30 a.m. (Eastern).

The report compares key indicators of economic freedom for 151 countries and territories around the world based on size of government, taxation, rule of law and property rights, and regulation using data from 2011 (most recent year available).

"Research shows that people living in countries with high levels of economic freedom enjoy greater prosperity, more political and civil liberties, and longer life spans," said Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom with the Fraser Institute.

"In contrast, countries with reduced levels of economic freedom see lower living standards for families and fewer economic opportunities."

A news release with additional information will be issued via Marketwired at 6:30 a.m. (Eastern) on Wednesday, September 18.

The full report will also be available as a free PDF download at http://www.fraserinstitute.org and http://www.freetheworld.com.

McMahon will be in Toronto and available for media interviews the day of the release.

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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit http://www.fraserinstitute.org

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Media Advisory: Fraser Institute to Release Economic Freedom of the Wold Annual Report on Wednesday, September 18

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Fort Wayne, IN, September 17, 2013 (Accesswire) -- Freedom Energy Holdings, Inc. (FDMF)

Today announced that the Michigan Department of Environmental Quality (DEQ) has given final approval for the ELAS pilot project to begin. ELAS is the acronym for Extraction of Liquid Asphalt from Shingles.

Brian Kistler, CEO, stated, "I am so pleased to be able to bring this news to the public forum. We have been waiting for this day for over a year and finally we can put our plans into action. As I have indicated the Michigan DEQ has been very thorough in its due diligence for our project as they have no interest in allowing another pile of shingles to be collected and not recycled."

"For a real clear understanding of the problems that have been created by some "Shingle Recyclers" in the past, please go to these articles posted on the internet:

http://www.ksdk.com/news/article/366718/3/Mountain-of-roofing-shingles-plagues-county-neighborhood http://earth911.com/news/2011/05/04/shingle-mountain-denve/

There are many other areas that real problems have been created for the states, so there is no misunderstanding as to why the DEQ has been so cautious. This frankly just adds to our enthusiasm as we know what we have."

Negotiations are continuing for the licensing and future funding of the ELAS nationwide rollout. I look forward to bringing updates regarding this opportunity in the very near future.

ABOUT FREEDOM ENERGY HOLDINGS, INC: Freedom Energy Holdings, Inc. (FDMF) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. Research has shown a completely new product SR-139 to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons. The companys original primary focus was the commercial development of its proprietary, heavy oil technology. KC 9000[R], a breakthrough technology, provides an effective system to enable heavy oil deposits to flow at ambient temperatures.

FORWARD LOOKING STATEMENT This press release contains certain forwardlooking statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forwardlooking statements. The Company, through its management, makes forwardlooking public statements concerning it expected future operations, performance and other developments. Such forwardlooking statements are necessarily estimates reflecting the Companys best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Companys ability to develop operations, the Companys ability to consummate and complete the acquisition, the Companys access

to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Companys public announcements.

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Freedom Energy – ELAS Approval Received