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Date Sent: 2007-08-09
Freedom's Phoenix Headline News for Thursday, August 9, 2007
 
US uneasy as Britain plans for early Iraq withdrawal -- 1,001 contractors have died in Iraq

MISH: High Rate CDs and other Moral Hazards -- Behind the Scenes - Iowa Straw Poll -- US should consider gas tax -- US concerns over Guantanamo men -- Split in anti-war left -- Iraqi Christians were safer under Saddam -- Mortgage applications rise -- Public Wi-Fi raises hacking fears -- Clinton proposes crackdown in US mortgage market -- Treasury Secretary warns lawmakers on China trade bills -- How our economy will end on display -- King's Men Get Preferential Treatment for DUI Arrests -- Federal Goons Searching People at Indianapolis Bus Stops -- Another dam disaster looms in Iraq -- US, Mexico plan violent anti-drug war -- Iowa GOP Extorting Ron Paul Campaign -- Fred Thompson Announces Third Campaign Manager -- Rep. Waters wants to boycott Beijing Olympics -- In Gonzo we trust Space shuttle launched...NYC transit flooded
 
High Rate CDs and other Moral Hazards News Link  •  Economy - Economics USA
 High Rate CDs and other Moral Hazards
8-8-2007  •  Global Economic Analysis 
People chasing "high yield" CDs are losing their life savings even in FDIC accounts. FDIC insurance is the problem because it causes money flow to the riskiest banks. This is a huge moral hazard as it provides funding for malinvestments suc  Read Full Story
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Reported by: Mike Shedlock
Behind the Scenes - Iowa Straw Poll Feature Article  •  Eugenics
Behind the Scenes - Iowa Straw Poll
Ernest Hancock
   Ernest Hancock shares some personal opinion and makes some predictions. We'll check back later to see how he did.
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China threatens 'nuclear option' of dollar sales News Link  •  Economy - International
 China threatens 'nuclear option' of dollar sales
08-07-2007  •  Telegraph 
The Chinese government has begun a concerted campaign of economic threats against the US, hinting it may liquidate its vast holdings of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.  Read Full Story
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Reported by: Jean Carbonneau
1,001 contractors have died in Iraq News Link  •  WAR: About that War
1,001 contractors have died in Iraq
8-8-2007  •  Houston Chronicle 
More than 1,000 civilian contractors have been killed in Iraq since the U.S.-led invasion more than four years ago, according to Labor Department records.  Read Full Story
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Reported by: Powell Gammill
Romney defends sons' lack of military service News Link  •  Eugenics
Romney defends sons' lack of military service
8-8-2007  •  USA Today 
Republican presidential hopeful Mitt Romney defended his 5 sons' decision not to enlist in the military, saying they're showing their support for the country by "helping me get elected." Romney, who did not serve in Vietnam due to h  Read Full Story
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Reported by: Powell Gammill
CONgress deserves a nice new gym News Link  •  Legislative Mischief
 CONgress deserves a nice new gym
8-8-2007  •  The Hill 
Pelosi is set to square off against Rep. Neil Abercrombie (D-Hawaii), the power-lifting chairman of the House gym committee. Efforts to secure funding in the legislative branch spending bill to begin an $8 million renovation of the House gym.  Read Full Story
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Reported by: Powell Gammill
US should consider gas tax: Ford chief News Link  •  Energy
 US should consider gas tax: Ford chief
8-8-2007  •  AFP 
The United States should consider implementing a European-style gasoline tax if it hopes to deal with energy security and global warming, the head of Ford Motor Co. said.  Read Full Story
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Reported by: Powell Gammill
Not so Young Republican President resigns after accused of raping a guy News Link  •  Politics: Republican Campaigns
 Not so Young Republican President resigns after accused of raping a guy
8-8-2007  •  PageOneQ 
The President of the National Young Republicans, under allegations of sexually harassing another man, has resigned from his post. ..."had the blankets pulled up over the waist of [redacted] and was committing oral sex on him when he awoke."  Read Full Story
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Reported by: Powell Gammill
Army says soldier's claims untrue, magazine defends story News Link  •  Military
 Army says soldier's claims untrue, magazine defends story
8-8-2007  •  Raw Story 
An Army investigation has found no truth in a soldier's claims of inhumane conduct by US troops on the battlefield. But the magazine is standing by its story, and debate over Scott Thomas Beauchamp's honesty continues to rage in the blogosphe  Read Full Story
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Reported by: Powell Gammill
US concerns over Guantanamo men News Link  •  Torture
 US concerns over Guantanamo men
8-8-2007  •  BBC News 
The US is considering a request from the British Foreign Office to release five former UK residents from Guantanamo Bay detention center.  Read Full Story
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Reported by: Powell Gammill
The Tenuous Case for Strategic Patience in Iraq: A Trip Report News Link  •  WAR: About that War
The Tenuous Case for Strategic Patience in Iraq: A Trip Report
8-8-2007  •  by Anthony Cordesman (CSIS) 
The US now has only uncertain, high risk options in Iraq. It cannot dictate Iraq’s future, only influence it, and this presents serious problems at a time when the Iraqi political process has failed to move forward in reaching a consensus or peaceful  Read Full Story
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Reported by: Powell Gammill
Split in anti-war left News Link  •  Politics: Democratic Campaigns
 Split in anti-war left
8-8-2007  •  The Hill 
Congress’s failure to secure a timetable for withdrawing American troops from Iraq has split anti-war activists on the tactical question of whether to attack Democrats, who now control Capitol Hill. [Arguing over two sides of the same coin.]  Read Full Story
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Reported by: Powell Gammill
Iraqi Christians were safer under Saddam, says Vatican official News Link  •  WAR: About that War
Iraqi Christians were safer under Saddam, says Vatican official
8-8-2007  •  Catholic News 
Although Iraq has a democratic government, Iraqi Christians were safer and had more protection under former Iraqi dictator Saddam Hussein, said the future head of the Vatican's interreligious dialogue council.  Read Full Story
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Reported by: Powell Gammill
Lebanese strike a blow at US-backed government News Link  •  Foreign Policy
 Lebanese strike a blow at US-backed government
8-8-2007  •  The Independent 
They've done it again. The Arabs have, once more, followed democracy and voted for the wrong man. Just as the Palestinians voted for Hamas when they were supposed to vote for the Palestinian Authority of Mahmoud Abbas, so the Christian Maroni  Read Full Story
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Reported by: Powell Gammill
Patriots Who Love the Troops to Death News Link  •  WAR: About that War
Patriots Who Love the Troops to Death
8-8-2007  •  NY Times 
William Kristol published a manifesto, “Why Bush Will Be a Winner,.” It reassured the Bush presidency would “probably be a successful one” and that “we now seem to be on course to a successful outcome” in Iraq. The president liked this piece so much  Read Full Story
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Reported by: Powell Gammill
Mortgage applications rise as desperate home owners switch adjustable for fixed rate loan News Link  •  Economy - Economics USA
 Mortgage applications rise as desperate home owners switch adjustable for fixed rate loan
8-8-2007  •  Bloomberg 
Mortgage applications in the U.S. rose last week by the most since January, as cheaper borrowing costs encouraged more Americans to seek loans for home purchases and refinancing.  Read Full Story
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Reported by: Powell Gammill
US uneasy as Britain plans for early Iraq withdrawal News Link  •  WAR: About that War
US uneasy as Britain plans for early Iraq withdrawal
8-8-2007  •  The Guardian 
The Bush administration is becoming increasingly concerned about the impact of an imminent British withdrawal from southern Iraq and would prefer UK troops to remain for another year or two.  Read Full Story
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Reported by: Powell Gammill
Public Wi-Fi raises hacking fears News Link  •  Internet
 Public Wi-Fi raises hacking fears
8-8-2007  •  USA Today 
Laptop road warriors beware: Wi-Fi hot spots that let you hop onto the Internet anywhere you travel leave you wide open to hackers. T-Mobile and AT&T" the largest providers of Wi-Fi hot spots in coffee shops, bookstores and airports " don't requi  Read Full Story
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Reported by: Powell Gammill
Clinton proposes crackdown in US mortgage market News Link  •  Economy - Economics USA
 Clinton proposes crackdown in US mortgage market
8-8-2007  •  Reuters 
With the U.S. mortgage market in turmoil, Democratic presidential front-runner Sen. Hillary Clinton on Tuesday proposed clamping down on lending abuses and providing more aid to families who face losing their homes.  Read Full Story
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Reported by: Powell Gammill
Treasury Secretary warns lawmakers on China trade bills News Link  •  Economy - Economics USA
 Treasury Secretary warns lawmakers on China trade bills
8-8-2007  •  Reuters 
U.S. Treasury Secretary Henry Paulson warned on Tuesday it was a mistake for U.S. lawmakers to blame American job losses on global competition and use it as an excuse for passing protectionist trade laws aimed at China.  Read Full Story
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Reported by: Powell Gammill
How our economy will end on display Opinion  •  Economy - International
 Fascist Nation
How our economy will end on display
August 8, 2007
Powell Gammill
   The Chinese finally had enough of our strutting peacock of a President, and are letting him know they are willing to turn the US dollar overnight into paper by selling off their $1.3 trillion in cash reserves and concomitantly cease buying our bonds.
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Washington Cops Get Preferential Treatment for DUI Arrests News Link  •  Draft
 Washington Cops Get Preferential Treatment for DUI Arrests
08-08-2007  •  The Newspaper 
The Seattle Post-Intelligencer pieced together records concerning 63 of 92 police DUI arrests in recent years. An ordinary citizen refusing a breath test has a 16 in 17 chance of losing his license. Only one in four cops faced the same punishment.  Read Full Story
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Reported by: Terry Bressi
Federal Agents Searching People at Indianapolis Bus Stops News Link  •  Police State
 Federal Agents Searching People at Indianapolis Bus Stops
08-08-2007  •  Daily Kos 
Dozens of TSA agents recently setup checkpoints at Indianapolis bus stops and searched passengers trying to peacefully ride city buses. Air Marshals patted people down, searched bags, and performed "behavior" tests to intimidate the traveli  Read Full Story
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Reported by: Terry Bressi
Leahy sets final deadline for wiretapping documents News Link  •  Bush Administration
 Leahy sets final deadline for wiretapping documents
08-08-2007  •  Raw Story 
The chairman of the Senate Judiciary Committee has given the White House another 12 days to hand over documents it requested nearly six weeks ago regarding the adminstration's legal justifications for its warrantless wiretapping program.  Read Full Story
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Reported by: Jean Carbonneau
Israel requests changes to US military aid News Link  •  Foreign Policy
 Israel requests changes to US military aid
08-08-2007  •  Ynet News 
US to boost aid from $24 to $30 billion over the next 10 years. Washington now considering requests to add regular annual sum instead of current additional 4%.  Read Full Story
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Reported by: Jean Carbonneau
Riding shotgun with a shadow army in Iraq News Link  •  WAR: About that War
Riding shotgun with a shadow army in Iraq
08-08-2007  •  Mother Jones 
They've given me a machine gun and 180 rounds of ammo, and told me not to pee for six hours.  Read Full Story
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Reported by: Jean Carbonneau
Another disaster looms in Iraq News Link  •  World News
 Another disaster looms in Iraq
08-08-2007  •  Independent 
As world attention focuses on the daily slaughter in Iraq, a devastating disaster is impending in the north of the country, where the wall of a dam holding back the Tigris river north of Mosul city is in danger of imminent collapse. "It could g  Read Full Story
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Reported by: Jean Carbonneau
US, Mexico plan violent anti-drug war News Link  •  Drug War
 US, Mexico plan violent anti-drug war
8-8-2007  •  AFP 
The US government is closing in on a deal with Mexico to launch a major fight against the violent drug cartels there ... which would include telephone-tapping equipment and radars to track traffickers as they ship the drugs.  Read Full Story
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Reported by: Powell Gammill
News Link  •  Politics: Republican Campaigns
 Iowa GOP Extorting Ron Paul Campaign
8-8-2007  •  National Expositor 
Director of communications for the Ron Paul Campaign, Jesse Benton, stated today that the Iowa GOP would charge the Paul camp $184,000 if they wanted to verify a paper count of the coming Iowa straw poll. Today, on the Dale Williams radio show, Mr.  Read Full Story
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Reported by: Ed Vallejo
Fred Thompson Announces Third Campaign Manager News Link  •  Eugenics
Fred Thompson Announces Third Campaign Manager
8-8-2007  •  AP 
The all-but-declared candidate collected $1.5 million less than the $5 million predicted for June. In July, Thompson sidelined his campaign-manager-in-waiting, Tom Collamore, and watched other aides follow him out the door amid consternation inside t  Read Full Story
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Reported by: Powell Gammill
Scientists discover largest-known planet News Link  •  Space Travel and Exploration
 Scientists discover largest-known planet
08-08-2007  •  My Way 
Scientists have discovered the universe's largest known planet, a giant ball made of mostly hydrogen that is 20 times larger than Earth and circling a star 1,400 light-years away. Scientists believe the planet is 1.7 times the diameter of Jupite  Read Full Story
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Reported by: Jean Carbonneau
Rep. Waters wants to boycott Beijing Olympics News Link  •  Entertainment: Sports
 Rep. Waters wants to boycott Beijing Olympics
08-08-2007  •  Politico 
Rep. Maxine Waters (D-CA) introduced a resolution as Congress prepared to break for the August recess Saturday, urging President Bush to boycott the 2008 Olympics in Beijing. Waters and others involved in the effort to end the humanitarian crisis in  Read Full Story
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Reported by: Jean Carbonneau
A reporter speaks out about the Iraq war News Link  •  Media: Print
 A reporter speaks out about the Iraq war
08-08-2007  •  Nieman Watchdog 
Sig Christenson of the San Antonio Express-News ridicules comments by politicians, laments the lack of reporters covering the war, and cites ground rules that are crippling for photojournalists. He says the media aren't pressing for answers  Read Full Story
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Reported by: Jean Carbonneau
In Gonzo we trust News Link  •  Bush Administration
 In Gonzo we trust
08-08-2007  •  Slate 
Happy six-month anniversary, US attorney scandal! (And what do you get for the scandal that has everything?) The half-birthday of the purge scandal's explosion onto the front pages last February brings a new round of attempts to explain  Read Full Story
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Reported by: Jean Carbonneau
A lifetime of saving evaporates with bank's collapse News Link  •  Economy - Economics USA
 A lifetime of saving evaporates with bank's collapse
8/07/2207  •  http://www.post-gazette.com/ 
Raymond Przybilinski socked away $521,000 from a lifetime of driving trucks, working overtime when he could and playing the piano or accordion late into the evenings at weddings, hotel bars and social clubs.  Read Full Story
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Reported by: Thomas Costanzo
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