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Date Sent: 2008-01-23
Freedom's Phoenix Headline News for Wednesday, January 23, 2008 |
NATO: Pre-emptive nuclear strike key option -- Stock futures gyrate in unprecedented Fed move
Merrill Lynch: House Prices May Fall 30% -- Suit against Enron's bankers tossed -- Ron Paul Blames Federal Reserve for Weak Economy -- Ron Paul Campaign Picks Up More of Everything -- Wachovia: Homeowners Just Walking Away -- Washington DC mall soon off-limits to protesters -- Fred Thompson Drops Out of Presidential Race -- Jose Padilla gets 17 years -- When your citizens will soon be unemployed shift their taxes from income to sales tax -- Universities join battle against terror as government guidelines are agreed -- Gun Down Your Favorite Presidential Candidate! -- Huckabee Low on Cash -- BofA: 95% Fall in Fourth-Quarter Net Income -- Asia, European markets extend decline -- Gold hits 3-week low below $850 -- The Israeli Press: Ron Paul is a Neo-Nazi -- Saudi Newspaper: Bush's Iran policy - "It is madness in search of war" -- Futures Markets: DJIA Index -487.00, NASDAQ 100 -79.00 -- India: Sensex and Nifty Hit 10% Circuit Breaker, Close for One Hour
Less than one year of Bush remaining .... Nader considering a independent run for Prez
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News Link • Eugenics
The R3VOLution welcomes Rudy to Florida
1-22-2008
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AP
What happens when a Rudy Giuliani campaign event, Ron Paul spoilers and anti-abortion protesters collide? Not a press conference, that's for sure. [see also: http://tinyurl.com/38tgp2] Fun?
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Merrill Lynch: House Prices May Fall 30%
1-22-08
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CalculatedRisk.blogspot.com
From the Fed's Flow of Funds report, household real estate assets totaled $20.99 trillion at the end of Q3 2007. So a 30% decline in prices would reduce "housing wealth" by about $6 trillion.
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News Link • Police State
Grandma gets arrested waiting for fries
1-21-08
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CFNews13.com
"I said no. I'm not giving you my registration and my license. What did I do that was wrong?" Merola remembered.
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News Link • WAR: About that War
LIES!!! - not "false statements"
01-22-2008
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Associated Press
A study found that President Bush and top officials issued hundreds of false statements about the national security threat from Iraq in the two years following the 2001 terrorist attacks.
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Reported by:
Trouser Chili
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News Link • Entertainment: Movies
List of 80th Annual Oscar Nominees (Boring,... maybe Jon Stewart will help)
01-22-2008
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www.breitbart.com
Best Picture: "Atonement," "Juno," "Michael Clayton," "No Country for Old Men," "There Will Be Blood." (With writer strike ongoing the actors may not show up,... the horror)
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Reported by:
Ernest Hancock
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News Link • Corruption
Suit against bankers tied to Enron debacle is tossed
01-22-2008
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Los Angeles Times
Lawyers for investment funds and pension plans, including the University of California's pension plan, had sued Merrill Lynch and the other bankers, seeking to recover more than $30 billion that was lost when Enron folded in 2001.
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Reported by:
Ernest Hancock
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News Link • Eugenics
Firefighter: Giuliani 'ran like a coward on 9/11'
01-22-2008
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RawStory.com
"We want America to know of lies to America and to the American pubic," said Jim Riches, a deputy chief in the New York Fire Department, "telling all of Florida that the New York City Fire Department backs him, when that's another
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Reported by:
Ernest Hancock
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News Link • WAR: About that War
Hopes for Vehicle Questioned After Iraq Blast (MRAP blown to pieces)
01-22-2008
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New York Times
MRAP, the new Mine-Resistant Ambush-Protected armored vehicle that the American military is counting on to reduce casualties from roadside bombs in Iraq.
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Reported by:
Ernest Hancock
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News Link • Science, Medicine and Technology
The Genome in High Resolution
01-22-2008
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Wired
An ambitious plan to sequence and compare the genomes of 1,000 people promises to provide scientists with the most detailed picture yet of human genetic variation.
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Reported by:
Ernest Hancock
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News Link • Federal Reserve
Ron Paul Blames Federal Reserve for Weak Economy
01-22-2008
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Fox News
Paul blamed the Federal Reserve for the current economic conditions; stock markets worldwide fell Monday after Wall Street declined last week. On his Web site, he said the Fed has taken the United States “into a terrible crisis.”
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Reported by:
Ernest Hancock
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News Link • Entertainment: Movies
Heath Ledger Found Dead in NYC
01-22-2008
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WashingtonPost
...was found dead Tuesday in a Manhattan apartment, face-down and naked at the foot of his bed with prescription sleeping pills nearby, police said.
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Reported by:
Ernest Hancock
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News Link • Media: Internet
Gandhi's Grandson Resigns After Offensive Blog Remarks
01-22-2008
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Ginn
Arun Gandhi made "anti-semitic" remarks on the Washington Post's blog and resigned. But you couldn't find the story anywhere in the Washington Post.
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Reported by:
Randy Ricochet
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News Link • Eugenics
Ron Paul Campaign Picks Up More of Everything
01-22-2008
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Mondoreb
The Ron Paul campaign picked up more money, more endorsements and likely more delegates from Louisiana's caucuses. Meanwhile Dr. Paul was prescribing abolition of the federal income tax as a recession cure.
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Reported by:
Randy Ricochet
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News Link • Eugenics
Sometimes you feel like a nut....
1-22-2008
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National Review
On the economics front, Paul is a delightful paradox. If you crack the nut shell and look objectively at what Paul is really advocating, conservatives will find that Paulonomics looks an awful lot like Reaganomics. A refreshing return to conservative
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
California: 81,550 Notice of Defaults in the 4th Quarter
1-22-08
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CalculatedRisk.blogspot.com
Last quarter's default numbers were a record in 42 of the states 58 counties.
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News Link • Economy - Economics USA
Wachovia: Homeowners Just Walking Away
1-22-08
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CalculatedRisk.blogspot.com
As I've noted before, one of the greatest fears for lenders (and investors in mortgage backed securities) is that it will become socially acceptable for upside middle class Americans to walk away....
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News Link • Police State
Washington DC mall soon to be off-limits to protesters
01-22-2008
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Washington Post
The NPS envisions a prime venue for demonstrations: a broad space at the foot of the Capitol with restrooms, and seating. Attorneys fear a designated, government-approved "pit," limiting freedom of speech and movement in a hallowed place o
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Reported by:
Trouser Chili
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News Link • Bush Administration
Milestone: Less than one year of Bush remaining
1-22-2008
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The Independent
Arabia is the land of illusion and desert mirages. And as he jetted last week from kingdom to sheikdom, to be regaled with feasts and falcons, jewels and ornamental swords, George Bush might have imagined that all was well with his presidency.
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Reported by:
Powell Gammill
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News Link • Eugenics
Fred Thompson Drops Out of Presidential Race
1-22-2008
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Washington Post
Fred Thompson dropped out of the race for the Republican presidential nomination today, following months of lackluster campaigning and chaos within his campaign organization. "Today I have withdrawn my candidacy for President of the United State
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Reported by:
Powell Gammill
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News Link • TERRORISM
Jose Padilla is sentenced to 17 years
1-22-2008
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AP
Jose Padilla, once accused of plotting with al-Qaida to blow up a radioactive "dirty bomb," was sentenced Tuesday to 17 years and four months on terrorism conspiracy charges that don't mention those initial allegations.
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Reported by:
Powell Gammill
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News Link • Criminal Justice System
Padilla sentence: Does terror training merit life?
1-22-2008
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Christian Science Monitor
If US District Judge Cooke agrees with the Justice Dept., the severe sentence [life] won't be for any violent act carried out or planned by Mr. Padilla. He will be punished for what prosecutors say were his dangerous unspecified intentions
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Reported by:
Powell Gammill
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News Link • Arizona's Top News
When your citizens will be unemployed shift their fair share from income to sales tax
1-22-2008
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East Valley Tribune
Arizona voters may get the chance to scrap the state income tax on what they earn in favor of expanded sales taxes on what they buy. The proposal would establish a levy on every transaction in the state including services that now are exempt.
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Reported by:
Powell Gammill
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News Link • Education: Government Schools
Universities join battle against terror as government guidelines are agreed
1-22-2008
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London Times
University leaders have agreed to inform the police of any extremist behavior by students or visiting speakers. Advises universities to draw up a national watch list of guest speakers who should be banned from speaking on campus. It also suggests
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Reported by:
Powell Gammill
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News Link • WAR: About that War
Russian bombers to test-fire missiles in Bay of Biscay
1-22-2008
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London Times
[I wonder why?] Russia has sent two long-range bombers to the Bay of Biscay, off the French and Spanish Atlantic coasts, to test-fire missiles in firing missiles off the coastline of two NATO members is the latest in flexing Moscow’s military muscle
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Reported by:
Powell Gammill
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News Link • WAR: About that War
Pre-emptive nuclear strike a key option, NATO told
1-22-2008
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The Guardian
The west must be ready to resort to a pre-emptive nuclear attack to try to halt the "imminent" spread of nuclear and other weapons of mass destruction, according to a radical manifesto for a new NATO by the west's most senior military o
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Reported by:
Powell Gammill
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News Link • North American Union
Failed states can harbor terrorism: Gordon Brown
1-22-2008
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The News
British Prime Minister Gordon Brown underlined the need to establish a global network to combat extremists. Speaking at a meeting of industrialists here, he said "Failed states can harbor terrorism and be a source of disorder and spread across t
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Reported by:
Powell Gammill
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News Link • Eugenics
NY Times forced to drop hometown Rudy for Ron Paul
1-22-2008
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NY Times
Primary Season Election Results (chart) [addendum: Rudy off this morning, now that Fred has quit, Rudy is baaaaack. ;-D]
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Reported by:
Powell Gammill
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News Link • Eugenics
Shoot Your Favorite Presidential Candidate!
1-22-2008
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The Smoking Gun
For the aspiring young assassin, a popular online games site offers kids the opportunity to assume the identity of a leading presidential contender and then shoot their political opponents in a series of armed confrontations in the White House.
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Reported by:
Powell Gammill
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News Link • Eugenics
Huckabee Low on Cash
1-22-2008
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AP
Battling to stay competitive after his weekend loss in South Carolina, former Arkansas Gov. Mike Huckabee is taking new steps to save money, including no longer scheduling planes and buses for journalists. see also: http://tinyurl.com/2jhdhf
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
BofA: 95% Fall in Fourth-Quarter Net Income
1-22-08
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CalculatedRisk.blogspot.com
Bank of America Corp.'s fourth-quarter net income fell 95% as the company recorded a higher-than-expected $5.28 billion in collateralized debt obligation write-downs and said credit costs soared.
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News Link • Economy - Economics USA
Asia, European markets extend decline
1-22-2008
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AP
"Some people think there's going to be a deep fall off a cliff" because of a potential recession in the U.S., said Lawrence Peterman, investement director at Eden Financial, a London-based stockbroker.
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Stock futures gyrate after unprecedented emergency Fed move
1-22-2008
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AP
U.S. stock futures seesawed Tuesday after the Federal Reserve, responding to a growing financial market crisis, slashed interest rates 0.75 percentage point. The Dow Jones industrial futures were fluctuating violently an hour before the start of t
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Reported by:
Powell Gammill
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News Link • Precious Metals
Gold hits 3-week low below $850: Time to buy?
1-22-2008
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Reuters
Gold slipped to a 3-week low in choppy trade on Tuesday as unfavorable currency fundamentals, falling oil and struggling stock markets prompted investors to continue taking profits from last week's record high.
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
U.S. Stock Futures Fall Sharply
1-22-2008
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AP
Wall Street was expected to plunge at the opening of trading Tuesday, extending its huge losses from last week and taking more cues from heavy selling that has spread throughout the world. The Dow Jones was set to fall by 500 points when trading begi
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Reported by:
Powell Gammill
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News Link • Eugenics
The Israeli Press: Ron Paul Neo-Nazi (oh, Obama and Huckabee too)
1-22-2008
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Jerusalem Post
[Too funny.] On the Republican side, this phenomenon is being played out in the campaigns of Congressman Ron Paul and Governor Mike Huckabee. On the Democratic side of the aisle, it is manifested in Senator Barack Obama's campaign.
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Reported by:
Powell Gammill
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News Link • Iran
Saudi Newspaper: Bush's Iran policy - "It is madness in search of war"
1-22-08
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AntiWar.com
Yet in his confrontational remarks about Iran, he offers no carrot, no inducement, no compromise - only the big US stick. This is not diplomacy in search of peace. It is madness in search of war.”
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News Link • Economy - Economics USA
Futures Markets: DJIA Index -487.00, NASDAQ 100 -79.00
1-22-08
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Bloomberg.com
Pimco's Paul McCulley on the need for a rate cut by the FED. "Sometimes when you are ill, you make an appointment with your doctor; other times, you go straight to the emergency room. Now is an other time...
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News Link • Economy - International
India: Sensex and Nifty Hit 10% Circuit Breaker, Close for One Hour
1-22-08
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CalculatedRisk.blogspot.com
Sensex and Nifty both opened with an over 10% cut and hit the lower circuit - the trading got halted for one hour, in only the fourth time in Indian history. In Japan the Nikkei is down 5.5%....
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News Link • Eugenics
New York: Giuliani trailing
1-21-08
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News.Yahoo.com
Former New York City mayor Rudy Giuliani is trailing in the race for the Republican presidential nomination even on his home turf of New York state, a new poll showed on Monday.
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