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Because the President’s limousine passed almost exactly in front of Dallas clothing manufacturer Abraham Zapruder on Nov. 22, 1963, just as he was playing with his new film camera, and precisely at the moment that Lee Harvey Oswald fired his rifle from a nearby books depository, his silent, 26.6-second home movie has become the focal point of America’s collective memory on that weird day. For many of us, especially those who weren’t alive when it happened, we’re all watching that event through Zapruder’s lens.

Other footage from the scene turns up here and there, becomes fodder for documentaries (like this new one disproving the “second shooter” theory). But Zapruder’s film is still the canonical ur text of John F. Kennedy’s assassination, the most complete and most chilling visual record. In many ways, it prefigured all sorts of American pastimes, from widespread paranoia about government to a loss of faith in photographic truth and the news media, from the acceptance of graphic violence to newer concerns about copyright. Don DeLillo once said that the little film “could probably fuel college courses in a dozen subjects from history to physics.” Without the 486 frames of Kodachrome II 8mm safety film, our understanding of JFK’s assassination would likely be an even greater carnival of conspiracy theories than it already is. Well, maybe.

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From this analysis emerged records of 18,520 sub-950-millisecond crashes and spikes — far more than they, and perhaps almost anyone, expected. Equally as striking as these events’ frequency was their arrangement: While market behavior tends to rise and fall in patterns that repeat themselves, fractal-style, in periods of days, weeks, months and years, “that only holds down to the time scale at which human stop being able to respond,” said Johnson. “The fractal gets broken.”

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As the medical marijuana industry has boomed in the state, its cities and counties have banned new shops and cannabis greenhouses or moved to oust existing businesses.

All photographs by Matt Nager for The Wall Street Journal.

Chris Ward, the owner and founder of Aloha’s, a medical marijuana dispensary in Milner, Colo. On Tuesday, the county commissioners in Routt County, which includes Milner, banned new businesses affiliated with medical marijuana.

Jars of marijuana at Aloha’s. Routt County will ask voters in the fall whether they want to shutter the dispensary.

Doug Fisher, an employee of Aloha’s, measures out marijuana. Scores of localities across Colorado have banned new pot shops and cannabis greenhouses or moved to oust established businesses.

Marijuana buds, almost ready for harvest at Aloha’s. Routt County had just 12 medical-marijuana patients in January 2009. There are now 1,143 patients, or 6% of the adult population, state health records show.

The outside of Aloha’s. In nearby Steamboat Springs, the city council has put a measure on the November ballot that would shut down existing operations and ban new ones.

Marijuana magazines at Aloha’s. The industry has grown more rapidly in Colorado than any state except California.

Corey Kopp, right, a student at Colorado Mountain College who suffers from migraines, smelled a jar of marijuana on a recent visit to the Rocky Mountain Remedies dispensary in Steamboat Springs.

Marijuana buds at Aloha’s. Even communities such as Steamboat Springs that had overwhelmingly supported the right of ill Coloradans to seek pain relief from cannabis are recoiling from the industry’s explosive growth.

Lisa Watts, left, and Kelly Victory are in favor of ousting pot shops. Dr. Victory, a health-care consultant in Routt County, said she would probably favor true legalization but is pushing to oust the shops because they’re ‘making a mockery of the legal system.’

All photographs by Matt Nager for The Wall Street Journal.

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