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Date Sent: 2009-07-09
Freedom's Phoenix Global Edition for Thursday, July 9, 2009 PM edition |
AIG may have zero value after rescue -- Unemployment Continuing Claims Record
Government-insured mortgages skyrocket -- US Lawmakers Sound Alarm About Commercial Real Estate Market -- Blitz of “Cyber Attacks” as Rockefeller Bill Approaches -- Lenders would rather foreclose than offer loan mod -- Chinese lending explodes -- Sibel Edmonds: The Makings of a Police State -- Is Goldman Stealing $100 Million per Trading Day? -- Paul Craig Roberts: Comments on Bailouts, Dollar, and Goldman Sachs -- Warren Buffett says second stimulus might be needed -- Independents edge away from Obama -- Treasury makes toxic-asset plan smaller, less transparent
-- 565K new jobless claims, lowest level since Jan. -- McNAMARA AND
GEORGE BUSH: FOG OF WAR AND ARROGANCE - by Frosty Wooldridge
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News Link • Israel
Netanyahu: Rahm Emanuel and David Axelrod 'self-hating Jews'
07-09-2009
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Haaretz.com/
He is still finding it difficult to communication normally with the White House. To appreciate the depth of his paranoia, it is enough to hear how he refers to Rahm Emanuel and David Axelrod, Obama's senior aides: as "self-hating Jews."
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Reported by:
Jack Gregson
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News Link • Economy - Economics USA
America’s Greatest Depression Fighter
07-09-2009
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LewRockwell.com - Jim Powell
President Warren Gamaliel Harding's reaction to the extreme recession of 1921: Cut federal spending by half, cut federal taxes by a third, and pay off debt. The Federal Reserve's reaction during this time, from what I've read, nothing at all.
The results: A landmark case and impeccable example of how rational economics without government interference is the only viable solution.
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Reported by:
Jason Dimitrov
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News Link • History
Bronze Age Economic Scope
07-09-2009
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arclein
The presence of traders and ultimately of miners triggered localized imitation of the parent cultures just as to day urban centers worldwide imitate the major centers. During the Bronze Age these centers were palace oriented polities. In Mycenae, these palaces were made of stone, elsewhere mostly of wood and earth. Regardless, a trader could arrive knowing what to expect and to have solid security for his goods.
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Reported by:
robert klein
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News Link • Economy - International
South Korea Launches Green Growth Plan
07-09-2009
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arclein
The government will invest 107 trillion ($84.4 billion dollars), or 2.0 percent of gross domestic product every year, over the next five years in an effort to reduce reliance on fossil fuels, Lee's office said.
The scheme will help create up to 1.81 million new jobs and generate about 206 trillion won in economic output, it said.
The government will also boost spending on green technology products such as solar-powered batteries and hybrid vehicles, it said.
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Reported by:
robert klein
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Feature Article • Activism
Kokesh Revolution & Liberty Rider crosses Arizona
Thomas Costanzo
The Phoenix R3volution Saddles up in a motor home and Heads to
Meet the Liberty Rider Michael Maresco and to jump start the Kokesh
Revolution and show the patriots in Santa Fe just exactly how to wage a
propaganda war. And We have already WON! One the way the Brave patriots
travel across Arizona by bicycle and perform outreach on the people in
Arizona. The patriots move down I-40 from the New Mexico border to
Winslow, Flagstaff, Seligman, and Kingman traveling 70 miles per day.
Visiting with Sheriff's and freeing Minds. Music video done to the "tune" of take it easy by the Eagles. I am not using youtube as they Mute out anything that has "copyrighted" content. So they can Eff themselves!
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News Link • Economy - Economics USA
Warren Buffett says second stimulus might be needed
07-09-2009
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Reuters
Legendary investor Warren Buffett said unemployment could hit 11% and a second stimulus
package might be needed as the economy struggles to recover from
recession.
Buffett, the billionaire founder of Berkshire Hathaway, said
Americans suffered "a shock to the system" from the economic
difficulties in the final quarter of last year but had started to
rebound.
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Reported by:
Powell Gammill
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News Link • Internet
Bloggers test boundaries in Saudi Arabia
07-09-2009
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Reuters
Armed with a computer, an internet connection and his own intellect
Ahmed Al-Omran is one of a few Saudi bloggers trying to push for change
and make themselves heard in the conservative Gulf Arab monarchy.
Blogging provides a rare platform for speech in a country which has
no elected parliament, where clerics have strong influence on public
opinion, newspapers often parrot the official line and public
demonstrations are banned.
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Reported by:
Powell Gammill
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News Link • Federal Reserve
Bid to clip Fed's wings gains support in Congress
07-09-2009
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Reuters
A proposal from a long-time congressional foe of the Federal
Reserve that could give lawmakers sway over monetary policy has won the
support of a majority in the House of Representatives, alarming
officials at the U.S. central bank.
The Federal Reserve Transparency Act of 2009, put forward by
Republican Representative Ron Paul of Texas, now has 250 co-sponsors in
the House. It will get air-time on Thursday during a congressional
hearing on Fed independence that will feature testimony from the Fed's
No. 2 official, Donald Kohn.
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
565K new jobless claims, lowest level since Jan.
07-09-2009
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AP
The number of newly laid-off workers filing initial claims for jobless
benefits last week fell to lowest level since early January, largely
due to changes in the timing of auto industry layoffs.
Continuing claims, meanwhile, unexpectedly jumped to a record-high.
While layoffs are slowing, unemployed workers are having a difficult
time finding new jobs.
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Reported by:
Powell Gammill
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News Link • China
Cyber Attacks and Globalization
07-09-2009
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Buffalohair
For us who work in the pro democracy movement cyber attacks have been old news since at least last September or 08’. Spam bombs as I call it have hit us many times in the past and for the most part we’ve learned how to deal with cyber garbage as a whole. The technology is quite primitive but if one is not vigilant even the most archaic assaults can be devastating. It’s almost laughable government sites were so vulnerable though.
I found it quite interesting to note that the media mentioned the latest internet assaults came from North Korean sympathizers. Well the one real sympathizer I know who already launches these types of attacks is the government of Burma. With the help of their Russian technicians they’ve been launching spam bombs for months now. So it is a safe bet that Than Shwe and his band of thugs were involved in the latest assault.
Just with our technology we’ve identified the perpetrators and their locations. The samplings of the spam all had .ru addresses but laun
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Reported by:
Carlos Guevara
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