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Date Sent: 2009-02-24
Freedom's Phoenix Global Edition for Tuesday, February 24, 2009 AM Edition
 
UK faces summer of rage - police fear Middle-Class anger at economic crisis

Asian shares slump after Dow hits 1997 low -- More U.S. Troops For Afghanistan -- Is The Money the Federal Government is Giving AIG Going to China? -- "Abolish the Fed," Says Ron Paul (VIDEO too) -- Could US Have Worse 'Lost Decade' Than Japan - Maybe 4 Times Worse? -- U.S. Stocks Fall, Sending Market Below Lowest Close Since 1997 -- On Transparency of the Fed - by Ron Paul -- Mish: Purposeful Joint Lie by the Treasury, Fed, FDIC -- AIG Seeks More US Funds -- Joe Biden to oversee Stimulus Implementation -- Dispatches from the Front Lines of the Economic Crisis - by Stephen Lendman -- Fed to Extend TALF for Commercial Real Estate -- Obama backs Bush, tries to kill 'lost' White House emails lawsuit -- Michael Shedlock: Citigroup Begs To Be 40% Nationalized -- Mish: Taxpayers To Get Raped In Public-Private "Partnership" -- Robert Shiller: House Prices Still Way Too High -- Bank Stress Test Results Pre-Determined by Obama -- UBS shares hit new low on U.S. tax probe fallout AZ: 'Report on The Fed' Breakfast Thursday
 
Asian shares slump after Dow hits 1997 low News Link  •  Economy - International
 Asian shares slump after Dow hits 1997 low
02-23-2009  •  MarketWatch 
"We are now seeing some of the concerns [about the economy] turning into reality, and we know there are unsolved issues ... that could delay a recovery for the global economy further," said So Jang-ho at Samsung Securities.  Read Full Story
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Reported by: Ernest Hancock
Nassim Taleb: Says Crisis Is Harder to End Than Great Depression News Link  •  Economy - Economics USA
 Nassim Taleb: Says Crisis Is Harder to End Than Great Depression
02-23-2009  •  Bloomberg.com 
“The black swan for me would be for us to emerge out of this unscathed and return to normalcy,” Taleb said. Compared with the Great Depression, this crisis is “very different, and it requires much more drastic action.”  Read Full Story
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Reported by: Jack Gregson
Sector Snap: Analyst cuts MGM, Wynn price targets News Link  •  Entertainment: Night Life - Night Clubs
 Sector Snap: Analyst cuts MGM, Wynn price targets
02-23-2009  •  Forbes 
The analyst also cut her Las Vegas casino revenue expectations for both businesses. She now expects MGM's casino revenue to fall 15 percent for the year, compared with a prior estimate for a 5 percent decline.  Read Full Story
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Reported by: Ernest Hancock
Eagle Bulk Shipping shares sink on demand worries News Link  •  Economy - International
 Eagle Bulk Shipping shares sink on demand worries
02-23-2009  •  Forbes 
Shares of drybulk shipper Eagle Bulk Shipping Inc. sank Monday amid a lower broader market, after an analyst predicted more ships and cheaper charter rates will drag down the company's earnings.  Read Full Story
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Reported by: Ernest Hancock
News Link  •  Philosophy: Socialism
 "Your Views" - Opinions of Alabama's 'Huntsville Times' Readers
02-23-2009  •  Huntsville Times 
Fascism / Socialism - Where socialism seeks totalitarian control of a society's economic processes through direct state operation of the means of production, fascism seeks totalitarian control indirectly, through domination of nominally private o  Read Full Story
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Reported by: Ernest Hancock
Stress test could lead to some bank nationalization News Link  •  Economy - Economics USA
 Stress test could lead to some bank nationalization
02-23-2009  •  MarketWatch 
U.S. banks that fail a looming government stress test of their financial viability could be forced to accept government investment, pushed into shotgun marriages or simply nationalized if the institution's situation is bad enough, regulatory obse  Read Full Story
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Reported by: Ernest Hancock
More U.S. Troops For Afghanistan News Link  •  Obama Administration
 More U.S. Troops For Afghanistan
02-23-2009  •  Voice of America 
"I think Afghanistan is still winnable, in the sense of our ability to ensure that it is not a launching pad for attacks against North America," said President Obama.  Read Full Story
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Reported by: Ernest Hancock
Bankruptcies Threaten To Shrink Newspaper Industry News Link  •  Media: Print
 Bankruptcies Threaten To Shrink Newspaper Industry
02-23-2009  •  CNN Money 
Bankruptcies are piling up in the newspaper industry as debt-strapped publishers acknowledge that their businesses are deteriorating faster and for longer than they previously anticipated.  Read Full Story
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Reported by: Ernest Hancock
Clinton wraps Asia trip by asking China to buy US debt News Link  •  China
 Clinton wraps Asia trip by asking China to buy US debt
02-23-2009  •  breitbart.com 
In Beijing, she called on authorities in Beijing to continue buying US Treasuries, saying it would help jumpstart the flagging US economy and stimulate imports of Chinese goods.  Read Full Story
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Reported by: Ernest Hancock
Rove skips House testimony for third time News Link  •  Bush Administration
 Rove skips House testimony for third time
02-23-2009  •  RawStory 
Rove's no-show Monday is not surprising " especially to Siegelman, who said Monday in an exclusive Raw Story interview that Rove will never testify under oath "because he is guilty as sin."  Read Full Story
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Reported by: Ernest Hancock
U.S. plans News Link  •  Israel
 U.S. plans "substantial" pledge at Gaza meeting
02-23-2009  •  Yahoo! News 
WASHINGTON (Reuters) " The United States plans to offer more than $900 million to help rebuild Gaza after Israel's invasion and to strengthen the Western-backed Palestinian Authority, U.S. officials said on Monday.  Read Full Story
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Reported by: Ernest Hancock
Is The Money the Federal Government is Giving AIG Going to China? News Link  •  Obama Administration
 Is The Money the Federal Government is Giving AIG Going to China?
02-23-2009  •  Market-Ticker.Denninger.net 
Now AIG, a company founded in China in 1919, with very strong ties in China, is about to report a $60 billion dollar loss in one quarter and is reported to be seeking even more money - or at least a conversion to common equity - from the federal gove  Read Full Story
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Reported by: Jack Gregson
There is a RAT hiding inside the stimulus bill News Link  •  Economy - Economics USA
 There is a RAT hiding inside the stimulus bill
02-23-2009  •  The Intellectual Redneck 
Just when you think you could not be any more shocked by the things that got secretly stuck in the stimulus bill, Sen. Charles Grassley finds a RAT has been "snuck" into the bill. RAT, acronym for Recovery Accountability and Transparency Bo  Read Full Story
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Reported by: Powell Gammill
News Link  •  Federal Reserve
 "Abolish the Fed," Says Ron Paul (VIDEO too)
02-23-2009  •  WND 
In just recent weeks, the federal government has designated billions of tax dollars for bank bailouts, including vast quantities to quasi-government agencies that helped create the economic crisis; billions more for automakers, and billions more for  Read Full Story
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Reported by: Powell Gammill
The Great Depression of 2009 News Link  •  Depression
 The Great Depression of 2009
02-23-2009  •  Mark Yannone 
Of course, step one to recovery is to replace the income tax with nothing, but whether you do it yourself or you wait for Congress to do it for you, there is a lot more going on than the old media is revealing. Nick Turse presents The Depression.  Read Full Story
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Reported by:
Nailed 'Em - Amtrak Photographer News Link  •  TERRORISM
 Nailed 'Em - Amtrak Photographer
02/23/09  •  Colbert report 
Amtrak police arrest a man because he's taking pictures for their photography contest  Read Full Story
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Reported by: Ken Demyen
Could US Have Worse 'Lost Decade' Than Japan - Maybe 4 Times Worse? News Link  •  Economy - Economics USA
 Could US Have Worse 'Lost Decade' Than Japan - Maybe 4 Times Worse?
02-23-2009  •  CNBC.com 
"The bubbles in Japan only infected the capital spending sector, which at its peak was only 17 percent, so we really have a bubble infection that is four-times as bad as the Japanese one, and that's a worrisome sort of hangover to deal with,  Read Full Story
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Reported by: Jack Gregson
News Link  •  Men trying to be our God
 UK Gov: "Parents Should NOT Tell Their Young Teenage Children That it is Wrong to Have Sex"
02-23-2009  •  Dailymail.co.uk via Rense.com 
But, while parents are warned against giving moral guidance, they are encouraged to get their children to use condoms and other contraception from the age of 13.   Read Full Story
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Reported by: Ed Vallejo
List of parents who don't support Obama Feature Article  •  Obama Administration
 List of parents who don't support Obama
Ernest Hancock
   "That is why this thread has been created. For you, the future of our nation, to let us know who your parents are. Tell us the names of those who do not support Obama the way that you do."
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2nd UPDATE:Ford Retiree Pact Sets Stage For GM,Chrysler Talks News Link  •  Economy - Economics USA
 2nd UPDATE:Ford Retiree Pact Sets Stage For GM,Chrysler Talks
02-23-2009  •  CNN 
GM and Chrysler need to secure concessions from employees, creditors and other stockholders by a March 31 deadline to maintain and expand access to U.S. government loans that have kept both out of bankruptcy protection.  Read Full Story
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Reported by: Ernest Hancock
U.S. Stocks Fall, Sending Market Below Lowest Close Since 1997 News Link  •  Economy - Economics USA
 U.S. Stocks Fall, Sending Market Below Lowest Close Since 1997
02-23-2009  •  Bloomberg.com 
Feb. 23 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor’s 500 Index below its lowest close in 12 years, as concern that the deepening recession will erode earnings offset the government’s pledge to give more capital to banks.  Read Full Story
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Reported by: Ernest Hancock
On Transparency of the Fed<br>by Ron Paul Feature Article  •  Federal Reserve
 On Transparency of the Fed
by Ron Paul
Powell Gammill
   This week the Federal Reserve responded to the American people’s increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed’s transparency and accountability. I was pleased to see the Fed acknowledge the legi
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News Link  •  Constitution
 Gary Franchi of Restore The Republic - Open Letter
02-23-2009  •  Restore The Republic .com 
"Today, I want to reach out to all of the men and women who are serving in the United States Armed Forces, in law enforcement, and in the intelligence services."  Read Full Story
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Reported by: Ed Vallejo
Mish: Purposeful Joint Lie by the Treasury, Fed, FDIC News Link  •  Obama Administration
 Mish: Purposeful Joint Lie by the Treasury, Fed, FDIC
02-23-2009  •  Michael Shedlock / Mish 
"This new capital will not cost anyone anything. It will be dispensed by magic fairies and recovered at a later date. We cannot share exactly how this magic works because under the rules of the magic ministry...  Read Full Story
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Reported by: Jack Gregson
AIG Seeks More US Funds As Record Loss Looms Next Monday News Link  •  Economy - Economics USA
 AIG Seeks More US Funds As Record Loss Looms Next Monday
02-23-2009  •  CNBC.com 
American Insurance Group, the insurance giant that is 80-percent owned by the US government, is in discussions with the government to secure additional funds so it can keep operating after next Monday. AIG faces a loss of $60 billion for the quarter.  Read Full Story
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Reported by: Jack Gregson
Former Atlanta cop prays for victim of fatal shooting News Link  •  Police State
 Former Atlanta cop prays for victim of fatal shooting
02-23-2009  •  ajc 
A former Atlanta police officer said Monday there was no excuse for his conduct that resulted in the killing of 92-year-old Kathryn Johnston. “She was the victim of everything I was fighting against,” former Atlanta police Officer Jason Smith said.  Read Full Story
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Reported by: Ken Demyen
Capitalism and Crisis News Link  •  Economy - Economics USA
 Capitalism and Crisis
02-23-2009  •  arclein 
Let me put it another way. How many lawyers do you need to run a poker table?   Read Full Story
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Reported by: robert klein
Biological Gravity Plausibly Observed News Link  •  Science, Medicine and Technology
 Biological Gravity Plausibly Observed
01-23-2009  •  arclein 
Suddenly we are confronted with an effect associated with the cellular structure of material that we are able to biologically sense. Yet no other measuring device is able to detect any such effect. Also, the zone of influence appears related to the a  Read Full Story
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Reported by: robert klein
Dispatches from the Front Lines of the Economic Crisis Feature Article  •  Economy - Economics USA
 Dispatches from the Front Lines of the Economic Crisis
Stephen Lendman
   Obama administration policies intensifying the global crisis
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Phoenix Real Estate: Foreclosures surge in January News Link  •  Housing
 Phoenix Real Estate: Foreclosures surge in January
02-23-2009  •  AZcentral.com 
In Scottsdale, 35 percent of existing-home sales are foreclosures; the foreclosure rate for Maricopa County is 52 percent.  Read Full Story
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Reported by: Jack Gregson
Fed to Extend TALF for Commercial Real Estate: Long Slump Feared News Link  •  Federal Reserve
 Fed to Extend TALF for Commercial Real Estate: Long Slump Feared
02-23-2009  •  Bloomberg.com 
The Fed would prop up the CMBS market by lending against the securities for a five-year term rather than three years, and taking as collateral existing debt...  Read Full Story
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Reported by: Jack Gregson
Obama backs Bush, tries to kill 'lost' White House emails lawsuit News Link  •  Obama Administration
 Obama backs Bush, tries to kill 'lost' White House emails lawsuit
02-23-2009  •  Rawstory.com 
The Obama administration, siding with former President George W. Bush, is trying to kill a lawsuit that seeks to recover what could be millions of missing White House e-mails in a stunning reversal of Obama's rhetoric about Bush secrecy on the ca  Read Full Story
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Reported by: Jack Gregson
Obama's foreclosure plan won’t help those most in need News Link  •  Obama Administration
 Obama's foreclosure plan won’t help those most in need
02-23-2009  •  thetruthaboutmortgage.com/ 
Digging a bit deeper, only 8.4 percent of homeowners in the San Francisco metro region meet the program’s criteria, and it’s even lower (6.9 percent) in the San Jose region.  Read Full Story
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Reported by: Jack Gregson
Breakfast Speaker: Economic Update & Critique of the Federal Reserve Today Feature Article  •  Events: Arizona
 Breakfast Speaker: Economic Update & Critique of the Federal Reserve Today
Powell Gammill
   Dr. Stephen Happel is a Professor of Economics at the Arizona State University College of Business. Dr. Happel's research focuses on applied microeconomics and demographics. His work ranges from the impact of snowbirds on the economy to free-mar
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Michael Shedlock: Citigroup Begs To Be 40% Nationalized News Link  •  Obama Administration
 Michael Shedlock: Citigroup Begs To Be 40% Nationalized
02-23-2009  •  Michael Shedlock / Mish 
Citigroup is a black hole, sucking in every dollar thrown at it and it still wants more. No amount seems enough to save it. Taxpayers have already guaranteed a whopping $300 billion dollars worth of Citigroup debt. Now, two months later...  Read Full Story
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Reported by: Jack Gregson
UK faces summer of rage - police fear Middle-Class anger at economic crisis News Link  •  Economy - International
 UK faces summer of rage - police fear Middle-Class anger at economic crisis
02-23-2009  •  guardian.co.uk/ 
Police are preparing for a "summer of rage" as victims of the economic downturn take to the streets to demonstrate against financial institutions, the Guardian has learned.  Read Full Story
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Reported by: Jack Gregson
Mish: Taxpayers To Get Raped In Public-Private News Link  •  Obama Administration
 Mish: Taxpayers To Get Raped In Public-Private "Partnership"
02-23-2009  •  Michael Shedlock / Mish 
What they need to do is tell the truth. Here is a good statement for to kick off a truth telling campaign: "The banking system is insolvent".  Read Full Story
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Reported by: Jack Gregson
Robert Shiller: House Prices Still Way Too High News Link  •  Housing
 Robert Shiller: House Prices Still Way Too High
02-23-2009  •  finance.yahoo.com/ 
Despite the 25 percent nationwide decline since the 2007 peak, U.S. house prices have still only fallen halfway to fair value. So whatever you think of Obama's plan, don't count on a quick housing-market turnaround.  Read Full Story
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Reported by: Jack Gregson
Now It's Official: Bank Stress Test Results Pre-Determined by Obama News Link  •  Obama Administration
 Now It's Official: Bank Stress Test Results Pre-Determined by Obama
02-23-2009  •  NakedCapitalism.com 
Is it a test if the results are pre-determined? Apparently Team Obama thinks so.   Read Full Story
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Reported by: Jack Gregson
Emperor has no clothes: Major U.S. banking institutions News Link  •  Obama Administration
 Emperor has no clothes: Major U.S. banking institutions "Well capitalized"
02-23-2009  •  CalculatedRiskblog.com 
The U.S. government stands firmly behind the banking system during this period of financial strain to ensure it will be able to perform its key function of providing credit to households and businesses. ...  Read Full Story
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Reported by: Jack Gregson
UBS shares hit new low on U.S. tax probe fallout News Link  •  TAXES: Federal
 UBS shares hit new low on U.S. tax probe fallout
02-23-2009  •  Reuters 
The settlement was backed by the Swiss government, but experts said it opened cracks in Switzerland's treasured bank secrecy laws, and UBS is still facing a civil case in which U.S. authorities are seeking access to the names of another 52,000 cl  Read Full Story
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Reported by: Powell Gammill
Rare Jaguars Spotted in Arizona and Mexico News Link  •  Arizona's Top News
 Rare Jaguars Spotted in Arizona and Mexico
02-23-2009  •  LiveScience 
The Arizona Game and Fish Department caught and collared a wild jaguar in Arizona for the first time. While a handful of the big cats have been photographed by automatic cameras in recent years, the satellite tracking collar will now help biologists  Read Full Story
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Reported by: Powell Gammill
Jewish jewels from Black Death plague on display News Link  •  History
 Jewish jewels from Black Death plague on display
02-23-2009  •  Reuters 
A hoard of jewels and coins, probably hidden by Jews fearing reprisals when the Black Death plague sweeping Europe was blamed on them, has gone on display in Britain for the first time.  Read Full Story
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Reported by: Powell Gammill
Russia Sinks Chinese Ship Bound For US With Nuclear Warhead News Link  •  World News
 Russia Sinks Chinese Ship Bound For US With Nuclear Warhead
02-23-2009  •  Russia Today 
Military Analysts are reporting that Russian Coast Guard and Naval forces were ‘forced’ to sink the Chinese registered cargo ship New Star bound for US Port of Seattle after it refused orders to stop  Read Full Story
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Reported by: Jim Stachowiak
Is YouTube Censoring videos? News Link  •  Revolutions, Rebellions & Uprisings
 Is YouTube Censoring videos?
2-22-09  •  WeAreChangeArizona.org 
I'm not entirely sure, but more than a few people have commented about having difficulties watching the video I recently posted to Youtube of Obama's visit to Phoenix. Confronted my self with a black Youtube screen saying "this video is  Read Full Story
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Reported by: Drew
4409 -- VACCINE GIFT CARDS Reference Link  •  Videos by 4409
 4409 -- VACCINE GIFT CARDS
Youtube RP4409 
   What are you planning on getting your aunt or uncle next year for Christmas? How about a Vaccine gift card. Nothing says I love you like a big dose of mercury!
Entered by: Forty Four O Nine
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