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Date Sent: 2009-09-04
Freedom's Phoenix Global Edition for Friday, September 4, 2009 PM edition |
Actual Unemployment Rate Hits All-Time High of 16.8% -- NATO Afghanistan airstrike Bar-B-Qs 90
G-20 to Talk About Future Of Stimulus Programs -- Better Ignorance? -
by Brock Lorber -- Teaching Obama to Children (And Maybe Some Adults) -
by Szandor Blestman -- Angry Parents Suing California Schools Over
Mandatory Gay-Friendly Classes -- CyberSecurity Act of 2009 -- Jobless
rate at 9.7 pct.; 216K jobs lost in Aug. -- Texas DNA exonerees find
prosperity after prison -- Outsider Ron Paul finds support for Fed
audit -- Predicting Worse Ahead from America's Economic Crisis - by
Stephen Lendman -- Obama to make Sept 9 speech to Congress -- H1N1:
MAINE DECLARES CIVIL EMERGENCY -- Obama Urged to Rally Support for War
-- Bailout “profit” is taxpayers’ loss
AZ: Take Action today & Saturday for the victims and fallen hero's of 9/11; Ron Paul Confirmed as FreedomSummit Speaker - Phoenix December 4th - 6th
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News Link • WAR: About that War
NATO airstrike in Afghanistan kills up to 90
09-04-2009
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AP
An American aircraft blasted two fuel tankers hijacked by the
Taliban in northern Afghanistan on Friday, killing up to 90 people,
including insurgents and dozens of civilians who had rushed to the
scene to collect fuel, Afghan officials said.
NATO officials
initially insisted that there were no civilians in the area when the
attack occurred about 2:30 a.m., but alliance chief Anders Fogh
Rasmussen later acknowledged some civilians may have died.
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Reported by:
Powell Gammill
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News Link • Healthcare Industry
Resurfacing, a Critic Stirs Up Health Care Debate
09-04-2009
•
NY Times
She incorrectly stated in July that a Democratic bill in the House would “absolutely require” counseling sessions for Medicare recipients “that will tell them how to end their life sooner,” drawing a “Pants on Fire” rating from the Politifact fact-checking Web site; her false assertion that the presidential health adviser Dr. Ezekiel J. Emanuel believes “medical care should be reserved for the nondisabled” helped inspire former Gov. Sarah Palin’s discredited warning about “death panels” deciding who is “worthy of health care.”
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Reported by:
Powell Gammill
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News Link • New World Order
G-20 to Talk About Future Of Stimulus Programs
09-04-2009
•
Washington Post
Top finance officials at a Group of 20 meeting in London are
expected to stress their commitment to boosting the global economy for
now -- despite friction over when exactly to scale back stimulus
efforts as signs of recovery increase.
Finance ministers and central bankers will try to coordinate plans
for an eventual
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Reported by:
Powell Gammill
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News Link • Internet
CyberSecurity Act of 2009
09-04-2009
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https://GreenDragonTavern.com/
I'm still not worried about such things as the CyberSecurity Act of 2009. It's not an issue of the Liberty movement. If it were, we'd already be dead or completely under control. The article and the Bill has pretty much exactly the same elements we discussed last year that I said would make it impossible to implement.
(Net maps: opte.org/maps/)
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Tres Melton
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News Link • Humor
Laugh while you can-US Gov. Stages Fake Coup To Wipe Out National Debt
09-04-2009
•
Lori Smith
You have to laugh when you watch these Onion Videos because what else are you going to do CRY?
Why Default on U.S. Treasuries is Likely by Jeffrey Rogers Hummel*
Almost everyone is aware that federal government spending in the United States is scheduled to skyrocket, primarily because of Social Security, Medicare, and Medicaid. Recent "stimulus" packages have accelerated the process. Only the naively optimistic actually believe that politicians will fully resolve this looming fiscal crisis with some judicious combination of tax hikes and program cuts. Many predict that, instead, the government will inflate its way out of this future bind, using Federal Reserve monetary expansion to fill the shortfall between outlays and receipts. But I believe, in contrast, that it is far more likely that the United States will be driven to an outright default on Treasury securities, openly reneging on the interest due on its formal debt and probably repudiati
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News Link • Economy - Economics USA
Jobless rate at 9.7 pct.; 216K jobs lost in Aug.
09-04-2009
•
AP
The unemployment rate jumped almost
half a point to 9.7 percent in August, the highest since 1983,
reflecting a poor job market that will make it hard for the U.S.
economy to begin a sustained recovery.
While the jobless rate
rose more than expected, the economy shed a net total of 216,000 jobs,
less than July's revised 276,000 and the fewest monthly losses in a
year, according to Labor Department data released Friday. Economists
expected the unemployment rate to rise to 9.5 percent from July's 9.4
percent and job reductions to total 225,000.
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Powell Gammill
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News Link • Education: Government Schools
Obama speech to students sparks new controversy
09-04-2009
•
AP
"I think it's really unfortunate that politics has been brought into
this," White House deputy policy director Heather Higginbottom said.
"It's simply a plea to students to really take their learning
seriously. Find out what they're good at. Set goals. And take the
school year seriously."
She noted that President George H.W. Bush made a similar address to
schools in 1991. Like Obama, Bush drew criticism, with Democrats
accusing the Republican president of making the event into a campaign
commercial.
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Powell Gammill
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News Link • Economy - International
End the IMF!
09-04-2009
•
Economic Policy Journal
Fund manager, Nathan Lewis, explains how the International Monetary Fund is nothing more the collection arm of the big banks:
The International Monetary Fund operates primarily as a banker bailout machine. They cajole and tempt and confuse and threaten the leaders of governments worldwide to pay off the failed bets of the big bankers using the taxpayer funds of their countries. This has been going on a long time, at least since the early 1980s.
Thus, I am not in the teeniest bit surprised that the same thing is happening today in Iceland and Latvia....
Michael Hudson has some of the details:"...The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete their savings..."
This is the trick: replacing private debts with public obligations. Lots of people loaned money to banks and corporations in Iceland. They are now facing h
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News Link • WAR: About that War
Calm _ Then Sudden Death in Afghan War
09-04-2009
•
AP
The U.S. patrol had a tip that Taliban fighters were lying in ambush,
and a Marine had his weapon trained on the trees 70 yards away. "If you
see anything move from there, light it up," Cpl. Braxton Russell told
him.
Thirty seconds later, a salvo of gunfire and RPGs " rocket-propelled
grenades " poured out of the grove. "Casualty! We've got a casualty!"
someone shouted. A grenade had hit Lance Cpl. Joshua "Bernie" Bernard
in the legs.
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Powell Gammill
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News Link • Federal Reserve
Outsider Ron Paul finds support for Fed audit
09-04-2009
•
Reuters
After decades of pushing long-shot causes like abolishing the income tax and reinstating the gold standard, Republican Representative Ron Paul finds himself in an unaccustomed spot: on the cusp of legislative victory.
A majority of the libertarian-leaning Texan's colleagues in the House of Representatives support his proposal to increase congressional scrutiny of the Federal Reserve, and the measure could be included in a broader banking overhaul this fall.
But don't expect the House to take up Paul's other pet causes, such as pulling out of the United Nations.
Experts say the success of his Federal Reserve Scrutiny Act reflects rising unease with the central bank's dramatic actions over the past year, rather than any increased influence stemming from Paul's quixotic 2008 presidential bid.
"He's finally found the right moment," said Sarah Binder of the liberal-leaning Brookings Institution.
Paul's spokeswoman Rachel Mills agrees: "His bil
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News Link • Economy - Economics USA
Take it with a grain of salt
09-04-2009
•
BlueLoriBlogSpot
Call me stupid but I have a difficult time understanding many articles written today. Take for example this Yahoo story that came out today. It is titled "Improving economy not likely to lower jobless rate". The article goes on to say...
"The economy is showing consistent signs of improvement, but probably not enough to stop employers from cutting jobs or to keep the unemployment rate from rising.
The Labor Department is expected to report Friday that the jobless rateincreased to 9.5 percent in August, from 9.4 percent in July, as employers cut 225,000 jobs."
In my mind that would lead me to believe one of two things the first being improving for who, the second how can they claim the economy is improving at all if if more jobs are being lost each month.
As I said we must also examine who owns the news? This clip is a good example...
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News Link • Economy - Economics USA
Why Austrian Economics?
09-04-2009
•
https://pikespeakeconomicsclub.com/CMS/PPEC/
As any reader and attendee of the PPEC webpages and meetings know, this group has a very different view of economics than is currently in vogue in our country and around the world. That view also stems from a worldview that is in many ways also at odds with the political and "socio-economic" view of the so-called 'mainstream.' We are not at odds with the mainstream view in order to only disagree. We disagree because the mainstream view is demonstrably odd.
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Tres Melton
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News Link • Science
Rogue Waves
09-04-2009
•
arclein
No one is certain yet just how frequently freak waves form; accurate numbers are extremely difficult to collect given the waves' rare and transient nature. With more sophisticated monitoring and modeling"and as first-hand accounts are taken more seriously"the waves' prevalence appears to be rising.
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robert klein
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News Link • Economy - Economics USA
Loan Losses Spark Concern Over FHA
09-03-2009
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WSJ
The Federal Housing Administration, hit by increasing mortgage-related losses, is in danger of seeing its reserves fall below the level demanded by Congress, according to government officials, in a development that could raise concerns about whether the agency needs a taxpayer bailout.
The rising losses at the FHA, part of the U.S. Department of Housing and Urban Development, come as the agency has rapidly increased its role in guaranteeing loans in an attempt to stabilize the housing market.
It isn't clear how the rising losses may affect home buyers. Options for the agency could include politically unpalatable choices, such as asking for taxpayer funds to boost reserves or increasing the premiums borrowers pay for the insurance offered by the agency. Agency officials say if there is a shortfall, they don't have to do anything except report it to lawmakers. But some mortgage and housing analysts see trouble ahead. "They're probably going to need a bailout at som
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News Link • Government
Bailout “profit” is taxpayers’ loss
09-03-2009
•
Reuters
Charging a bank for an implicit government guarantee to absorb losses? According to the Wall Street Journal, the Federal Reserve and Treasury are demanding that Bank of America pay $500 million to exit a bailout deal that was never actually signed.
That’s a nice chunk of change, but taxpayers shouldn’t be fooled into thinking this " or any other bailout " is a good deal.
A very dangerous misconception is taking root in the press, that in addition to saving the world financial system, the bank bailout is making taxpayers money.
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