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Date Sent: 2008-10-23
Freedom's Phoenix Headline News for Thursday, October 23, 2008

Stocks Tumble, S&P Drops to Lowest Level Since 2003 -- "Under water" mortgages growing US threat

Alaska funded Palin kids' travel -- Panic-selling returns to world stock markets -- U.S. Pressed to Turn Over Detainee Papers -- FDA Running Extortion Racket -- A Stark Choice Now Facing America -- Canada's Dollar Falls the Most Since at Least 1971 -- Scientists Erase Specific Memories in Mice -- Some States Count Early Ballots Days Before Election Day -- ACLU highlights 'Constitution-Free Zone' 100 miles from border -- MTA police detain activist for refusing to show ID at anti-bailout demonstration -- Wachovia Posts Largest-Ever Loss for a Bank -- Russian Defaults May Soar on 'Impossible' Yields -- Argentina's Economic Collapse -- Marc Faber: US will go bankrupt -- Investors lose 90 percent of $1.2 trillion in CDOs tied to Lehman & Iceland banks -- US gives 150-million-dollar budget aid to Palestinians -- FBI chief to stay on under new president/ -- NETWORK NEWS SLUMPS; VIEWERSHIP FADES -- Oil falls below $70 on US recession fears -- Protestor Tries To Handcuff Karl Rove -- Warning over US election problems -- Argentina to take over pensions -- This Time Is Different - by Stephen Lendman -- Fed is Attempting to Cause "Great Depression AZ: Strategic Edge Breakfast this morning; Meet the Candidates & Prop. 102: Marriage Amendment Forum

News Link • Eugenics
Alaska funded Palin kids' travel
10-23-2008 • AP
Gov. Sarah Palin charged the state for her children to travel with her, including to events where they were not invited, and later amended expense reports to specify that they were on official business. Read Full Story
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Reported by: Powell Gammill

News Link • Economy - International
Panic-selling returns to world stock markets
10-23-2008 • AFP
Panic-selling returned to global stock markets on Wednesday, with the leading Dow Jones industrial index shedding 5.69 percent, as fears of global recession stalked investors. Read Full Story
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Reported by: Powell Gammill

News Link • Economy - International
Recession Fears Batter Markets Across World
10-23-2008 • Washington Post
Stock markets around the world suffered steep losses Wednesday, with the sell-off particularly strong in Latin America and Eastern Europe, as investors acted on worries that recession is setting in even if financial institutions are being stabilized. Read Full Story
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Reported by: Powell Gammill

News Link • Economy - Economics USA
Job Losses Accelerate, Signaling Deeper Distress
10-23-2008 • Washington Post
Employers are moving to aggressively cut jobs and reduce costs in the face of the nation's economic crisis, preparing for what many fear will be a long and painful recession. Read Full Story
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Reported by: Powell Gammill

News Link • Torture
U.S. Pressed to Turn Over Detainee Papers
10-23-2008 • Washington Post
In a judgment, the British jurists hinted that unless the 42 documents are handed over quickly to the defense counsel as part of a habeas corpus proceeding in U.S. District Court, the London court might take that step itself, despite the threat of da Read Full Story
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Reported by: Powell Gammill

Opinion  • Scott Horton Show at Antiwar Radio
ANTIWAR RADIO: Candace Gorman and Tom Engelhardt
10-27-2008
Brent Burk

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News Link • Economy - Economics USA
The Amero, the video Preview, it's ALLLLLLIIIIIIVVVVVVVE
10/22/08 • video.google.com/
Hal Turner presents the Amero. are you a-feared yet? Read Full Story
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Reported by: Thomas Costanzo

News Link • Camera Fraud
Carbondale man who scoffs at driving laws receives prison term
10/22/08 • www.scrantontimes.com
A Carbondale man who believes he does not need a license to drive was led from a Lackawanna County courtroom in handcuffs Wednesday after being sentenced to serve three months in prison. A jury convicted 50-year-old Benjamin Merring, of 164 Park S Read Full Story
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Reported by: Thomas Costanzo

Feature Article  • Camera Fraud
RON PAUL 4409 -- Redflex / ATS wages war on We the People!
Forty Four O Nine
   Redflex / ATS and your government have decided to wage war on We the People. While SPYING on YOU they are blatently stealing the labor of hard working Americans using an act of covert fraud (photo radar). Photo is actually misleading it's video r
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News Link • Entertainment: Sports
This Official Obviously Had Money On LSU
10-22-2008 • faniq.com
Above is a sideline video of the incident that provides the best angle, and yes, the ref pretty much becomes another linebacker. He actually follows Garcia laterally, then moves towards Garcia and delivers a hit with his shoulder. Read Full Story
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Reported by: Ernest Hancock

News Link • Eugenics
Just Got The word! C-Span will cover third party debate live! Thursday Oct 23, 9:00 PM ET
10-22-2008 • Freeandequal.org
CSPAN will be covering 3rd party debate LIVE from 9:00pm to 10:30 EST. Oct. 23rd. Constitution Party candidate Chuck Baldwin and Independent candidate Ralph Nader have confirmed their participation. Bob Barr, the Libertarian Party nominee, has declin Read Full Story
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Reported by: Donna Hancock

News Link • Health and Physical Fitness
FDA Running Extortion Racket:
10-22-2008 • PrisonPlanet.com
Natural Supplement Companies Threatened with Arrest if They Don’t Pay Up - FDA and FTC agents are now threatening the owners of such companies with imprisonment if they do not immediately remove all customer testimonials from their websites and marke Read Full Story
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Reported by: Ernest Hancock

News Link • Internet
Comcast Starts Offering Freaking Fast 50 Mbps Internet Service
10-22-2008 • Wired
With the 50 Mbps connection users will be able to download a high-def movie (about 6 GB) in 16 minutes and a standard-definition movie (about 2 GB) in 5 minutes, says the company. Read Full Story
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Reported by: Ernest Hancock

News Link • Federal Reserve
A Stark Choice Now Facing America
10-22-08 • Market-Ticker.denninger.net
We are, in effect, borrowing to pay interest. If you have ever tried to do this personally, you know that doing this almost always leads to bankruptcy. Read Full Story
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Reported by:

News Link • TERRORISM
Suspicious Powder Found at Several Chase Banks in the Valley
10-22-2008 • Fox 10 TV - Phoenix, Arizona
Several Chase Bank branches in the Phoenix area are evacuated Wednesday after they received letters laced with an unidentified powder. 9 different locations of the Chase Bank branches were evacuated. No injuries have been reported.... Read Full Story
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Reported by: Ernest Hancock

News Link • Science, Medicine and Technology
X-rays detected from Scotch tape (Wow)
10-22-2008 • AP
Physicists are announcing a startling discovery about Scotch tape. It turns out that if you peel the popular adhesive tape off its roll in a vacuum chamber, it emits X-rays. The researchers even made an X-ray image of one of their fingers. Read Full Story
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Reported by: Powell Gammill

News Link • Economy - Economics USA
U.S. Stocks Tumble, S&P 500 Drops to Lowest Level Since 2003
10-22-2008 • Bloomberg
The S&P 500 lost 58.27 points, or 6.1%, to 896.78. The Dow Jones Industrial Average plunged 514.45, or 5.7%, to 8,519.21 as all 30 of its companies dropped. The Nasdaq Composite Index lost 80.93, or 4.8%, 1,615.75. About 24 stocks fell for each that Read Full Story
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Reported by: Powell Gammill

News Link • Economy - International
Canada's Dollar Falls the Most Since at Least 1971
10-22-2008 • bloomberg
Canada's currency dropped the most since at least 1971 as the U.S. dollar strengthened, crude oil fell to a 16-month low and speculation mounted the country's central bank would extend interest-rate cuts. Read Full Story
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Reported by: Powell Gammill

News Link • Military
US commandos rescue American hostage near Kabul
10-22-2008 • AP
U.S. Special Forces soldiers freed a kidnapped American working for the Army Corps of Engineers during a nighttime mission last week �" a rare hostage rescue in a country where ransom abductions have become increasingly common. Read Full Story
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Reported by: Powell Gammill

News Link • Economy - Economics USA
"Under water" mortgages are growing threat to U.S.
10-22-2008 • Reuters
Long before she filed for bankruptcy, Ann Neukomm was "under water" -- she owed more on her mortgage than her house was worth -- a situation more and more Americans are finding themselves in. Nearly 1 in 6 homeowners are finding themselves Read Full Story
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Reported by: Powell Gammill

News Link • Science, Medicine and Technology
Scientists Erase Specific Memories in Mice
10-22-2008 • HealthDay
It sounds like science fiction, by scientists say it might one day be possible to erase undesirable memories from the brain, selectively and safely. Using a complex genetic approach, U.S. and Chinese researchers believe they have done just that in mi Read Full Story
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Reported by: Powell Gammill

Feature Article  • Voting - Election Integrity
Some States Count Early Ballots Days Before Election Day
Ernest Hancock
   Receiving and Counting Absentee Ballots: The rules for when absentee ballots must be received, when they are counted, and who counts them also vary from state to state.
Make a Comment   •   Email this Article   •   Send Letter to Editor

News Link • Bill of Rights
ACLU highlights 'Constitution-Free Zone' 100 miles from border
10-22-08 • Rawstory.com
"I was thoroughly and aggressively searched. ... Every inch and crack and crevice of my body was poked and prodded," Johnson said. "I was in complete bewilderment of what was going on; I felt violated and frankly was embarrassed." Read Full Story
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Reported by:

News Link • Eugenics
Barr, the LP, and the New Yorker: Checking the Numbers
10-22-2008 • Reason Online
The profile itself, though, managed to be so dull, and so unilluminating about libertarianism or the LP per se though barely successful in giving a pointillist picture-dabbed-through-small-details about Barr himself Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - Economics USA
Wachovia Posts Largest-Ever Loss for a Bank
10-22-2008 • Washington Post
$23.9 billion quarterly loss is the largest ever for a bank and, coming on top of $10 billion of losses earlier this year, wipes out nearly all the profits the firm has earned since the merger of two banks formed modern Wachovia in 2001. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
Russian Defaults May Soar on `Impossible' Yields (Update2)
10-22-2008 • Bloomberg.com
Russian companies may default on almost a third of local-currency bonds as soaring borrowing costs make it ``impossible'' to refinance the debt, according to the Bank of Moscow. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - Economics USA
Argentina's Economic Collapse
10-22-2008 • Google Video
See what happened in Argentina a few years ago, and learn what's in store for us. Read Full Story
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Reported by: Trouser Chili

News Link • Economy - International
A little thing called inflation
10-22-2008 • By The Mogambo Guru - Asia Times
The morons in the eurozone have just been given another reminder that continuing to create excessive amounts of money and credit is suicide-by-inflation Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
Value of pound hits five-year low against dollar
10-22-2008 • independent.co.uk
The falls came as Bank of England Governor Mervyn King acknowledged a likely recession for the first time and the prospect of deep rate cuts ahead dragged the pound lower. Read Full Story
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Reported by: Ernest Hancock

News Link • Energy
Oil Hits 16-Month Low as Fuel Supplies Build
10-22-2008 • smartmoney.com
Crude oil futures fell to a fresh 16-month low Wednesday, pressured by a surging dollar and significant gains in U.S. petroleum stockpiles. Light, sweet crude for December delivery -- the new front month -- traded as low as $67.50 a barrel Read Full Story
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Reported by: Ernest Hancock

News Link • Police State
Could It Happen Here?
10-22-08 • blownmortgage.com
All gold was confiscated and all gold certificates had to be turned in for paper currency backed by trust in the US. When the banks reopened, all safe deposit boxes were sealed. Boxes could be opened only in the presence of an IRS agent. **I didn’t k Read Full Story
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Reported by:

News Link • Precious Metals
Gold, copper slump in commodities sell-off
10-22-2008 • MarketWatch
NEW YORK (MarketWatch) -- Gold futures tumbled 4.3% Wednesday to the lowest level in one year, while copper futures were set for their worst year since 1988 in a broad sell-off that was sending stocks and commodities sharply lower. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
Marc Faber: US will go bankrupt
10-22-2008 • YouTube
Marc Faber said on 2008.10.13 that US longterm treasury bonds should have "junk" ratings and US government will go bankrupt, it's only a matter of time, sooner or later Read Full Story
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Reported by: Ernest Hancock

News Link • Eugenics
Sarah Palin On SNL With Tina Fey, Weekend Update's Alaska Rap, (VIDEO)
10-22-2008 • Huffington Post
Sarah Palin took a break from the campaign trail to appear on "Saturday Night Live" in two skits Read Full Story
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Reported by: Ernest Hancock

News Link • Police State
MTA police detain activist for refusing to show ID at anti-bailout demonstration (VIDEO)
10-22-2008 • Jim Lesczynski -
Last night, October 21st, 2008, the Greater NYC Campaign for Liberty, some members of the Manhattan Libertarian Party and other liberty activists demonstrated in Grand Central Station. A bit of theater. Read Full Story
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Reported by: Ernest Hancock

News Link • Entertainment: Movies
MYSTERY OF SAVAGE ATTACK ON BUSH-FLICK NEWS GAL
10-22-2008 • NY Post
Pressly, who resembles conservative commentator Ann Coulter and has worked at the station since 2004, won a small role in the movie "W." Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - Economics USA
Investors lose 90 percent of $1.2 trillion in CDOs tied to Lehman & Iceland banks
10-22-08 • Bloomberg.com
Some synthetic CDOs, tied to credit-default swaps on corporate bonds, are trading at less than 10 cents on the dollar, according to Sivan Mahadevan, a derivatives strategist at Morgan Stanley in New York. Read Full Story
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Reported by:

News Link • Criminal Justice System
FBI chief to stay on under new president, aide says
10-22-2008 • Reuters.com
Mueller took over the FBI on September 4, 2001, a week before the September 11 attacks. This has put him in the forefront of debates over wiretapping, interrogation of suspected terrorists and other civil-liberties issues. Read Full Story
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Reported by: Ernest Hancock

News Link • Federal Reserve
Fiscal Category 5 Hurricane Warning
10-22-08 • Market-Ticker.denninger.net
To fund all that Congress, Paulson and Bernanke have in the pipe (you know, the TARP, the newly-minted SIV that Ben announced this morning to buy commercial paper, etc) the treasury issue requirements will be north of three trillion dollars in this f Read Full Story
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News Link • The Daily Show with Jon Stewart & Stephen Colbert
The Daily Show with Jon Stewart
10-22-2008 • The Daily Show with Jon Stewart
Tuesday October 21, 2008 - Christopher Buckley Read Full Story
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Reported by: Ernest Hancock

News Link • Energy
Oil falls below $70 on US recession fears
10-22-2008 • apnews.myway.com
LONDON (AP) - Oil prices fell below $70 a barrel Wednesday as investors shrugged off a looming OPEC production cut after company forecasts suggested the U.S. may be headed for a severe economic slowdown that would crimp demand for crude. Read Full Story
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Reported by: Ernest Hancock

News Link • MEDIA (MainStreamMedia - aka MSM)
ELECTION REJECTION: NETWORK NEWS SLUMPS; VIEWERSHIP FADES
10-22-2008 • The Drudge Report
CBSNEWS w/ Couric shed a half a million viewers, falling from 6.4 million to 5.9 million; ABCNEWS dropped from 8.1 million to 7.6 million; NBCNEWS slumped from 8.2 million to 7.8 million. Read Full Story
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Reported by: Ernest Hancock

News Link • Bush Administration
Protestor Tries To Handcuff Karl Rove
10-22-2008 • TPZOO
There was major political theater involving President Bush’s former chief of staff Karl Rove. A protestor tried to arrest Rove for treason Tuesday morning while he was speaking at the Mortgage Bankers Association Convention, continuing in San Francis Read Full Story
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Reported by: Ernest Hancock

News Link • Voting - Election Integrity
Warning over US election problems
10-22-2008 • BBC
Researchers are warning of potential problems during the US election with record numbers set to vote and many states using new voting machines. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
Argentina to take over pensions
10-22-2008 • BBC
Argentina's President Cristina Fernandez has signed a bill that will nationalise the country's 10 private pension funds. Read Full Story
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Reported by: Ernest Hancock

News Link • Immigration
Cave Creek settles day-laborer lawsuit
10-22-2008 • Arizona Republic
The Cave Creek Town Council has agreed to pay an immigrants rights group $70,000 in attorney's fees from a case involving the town's former day-labor ordinance. Read Full Story
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Reported by: Ernest Hancock

Feature Article  • Economy - Economics USA
This Time Is Different
Stephen Lendman
   The financial crisis is serious and worsening.
Make a Comment   •   Email this Article   •   Send Letter to Editor

Reference Link • Revolutions, Rebellions & Uprisings
Redlex/ATS Red Light Camera Salesman Convicted of Fraud
Thenewspaper.com
A top salesman for Australian red light camera vendor Redflex is convicted of $1.2 million fraud. A top red light camera salesman was convicted in South Carolina of $1.2 million
Entered by: Forty Four O Nine
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News Link • Federal Reserve
Fed is Attempting to Cause "Great Depression II".
10-21-08 • Michael Shedlock / Mish
In order to prevent the "Great Depression II", the Fed and the Treasury have embarked on a series of measures similar in nature to those that caused the great depression. Read Full Story
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