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Date Sent: 2008-02-27
Freedom's Phoenix Headline News for Wednesday, February 27, 2008
 
Greenspan tells Gulf States to drop dollar -- US to Give USS Kitty Hawk to India

Deeper Damage from Housing? -- Producer Prices in US Increase More Than Forecast -- Ariz. records 4th highest foreclosure rate -- Confidence plunges, inflation rate soars -- Dollar falls to record low against euro -- Russia to switch oil trading from dollars to rubles -- Blitz: The Role of the Government Official -- Indicted Rep. Renzi Will Not Resign -- Sheriff Cuts Ties with DEA -- Rep. Shadegg changes mind, will run again -- Rep. Flake on a taxpayer funded junket to Rio -- Foreclosure Aid Rising Locally, as is Dissent -- Sacramento Home Prices Tumble 28% in a Year -- US Home Prices Plunge at Record Rate in 2007 -- Antidepressant Drugs Work No Better than Placebo -- Anti-war Democrats ponder next step -- Turkey warned of 'full-scale' Kurd resistance
 

 Vital Signs: Deeper Damage from Housing? News Link  •  Housing
Vital Signs: Deeper Damage from Housing?
2-26-2008  •  BusinessWeek 
The potential economic fallout from housing may be far from over. That’s bad news for the economy at large. Once widely viewed as a well contained problem, economists are now worried that housing could stimulate a wide range of damage to the economy  Read Full Story
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Reported by: Powell Gammill
Producer Prices in U.S. Increase More Than Forecast News Link  •  Economy - Economics USA
Producer Prices in U.S. Increase More Than Forecast
2-26-2008  •  Bloomberg 
As consumer and wholesale prices climb, home values continue to slump. House prices in 20 U.S. metropolitan areas fell in December by 9.1 percent from a year before, the most in the 20-year history of the S&P/Case-Shiller index, a private report show  Read Full Story
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Reported by: Powell Gammill
America's ghost story<br>by James Carroll News Link  •  Military
America's ghost story
by James Carroll

2-26-2008  •  IHT 
The unfolding political contest in the United States is a window into America's soul. The nation is arguing with itself. The candidates embody separate impulses. As voters choose sides, a red state-blue state polarity again takes shape. Within th  Read Full Story
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Reported by: Powell Gammill
Ariz. records 4th highest foreclosure rate News Link  •  Arizona's Top News
Ariz. records 4th highest foreclosure rate
2-26-2008  •  AP 
The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn't unload at auctions, a mortgage research firm said.   Read Full Story
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Reported by: Powell Gammill
Did photo-radar van kill? News Link  •  Police State
Did photo-radar van kill?
2-26-2008  •  Arizona Republic 
Police are continuing to investigate the death of a 61-year-old Scottsdale motorcyclist and cannot say whether a photo-radar van played a role in the accident. The van was monitoring one lane of eastbound traffic from 6:30 to 9:45 a.m. Sunday near  Read Full Story
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Reported by: Powell Gammill
Court rules Sheriff's power outweighs accused's right to attorney News Link  •  Arizona's Top News
Court rules Sheriff's power outweighs accused's right to attorney
2-26-2008  •  Arizona Republic 
A Maricopa County Superior Court Judge exceeded her authority by ordering the Sheriff's Office to change their visitation hours for lawyers visiting inmates. see also: http://www.eastvalleytribune.com/story/109959  Read Full Story
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Reported by: Powell Gammill
 Confidence plunges, inflation rate soars News Link  •  Economy - Economics USA
Confidence plunges, inflation rate soars
2-26-200  •  AP 
No good news today on the economic front. Consumer confidence plunged, the wholesale inflation rate soared, the number of homes being foreclosed jumped, home prices fell sharply and a report predicts big increases in health care costs.  Read Full Story
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Reported by: Powell Gammill
Dollar falls to record low against euro News Link  •  Federal Reserve
Dollar falls to record low against euro
2-26-08  •  BBC.co.uk 
After figures showed a sharp rise in U.S. home foreclosures and another fall in American consumer confidence, the euro hit an all time high of $1.50.  Read Full Story
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Reported by:
Greenspan tells Gulf States to drop dollar News Link  •  Federal Reserve
Greenspan tells Gulf States to drop dollar
2-25-08  •  english.Aljazeera.net 
Alan Greenspan, the former chairman of the US central bank has said that inflation rates in Gulf states, which are reaching near record levels, would fall "significantly" if oil producers dropped their US dollar pegs.  Read Full Story
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Reported by:
Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish News Link  •  Housing
Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish
2/26/08  •  www.bloomberg.com/ 
Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002. That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton, Florida. The Seattle-based lender failed to prove that it owned Lents's mortga  Read Full Story
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Reported by: Morpheus Titania
Russia quietly prepares to switch some oil trading from dollars to rubles News Link  •  Federal Reserve
Russia quietly prepares to switch some oil trading from dollars to rubles
2-25-08  •  InternationalHeraldTribune.com 
Companies and countries that buy petroleum products are encouraged to hold dollar reserves to pay for their supplies, coincidentally helping the American economy support its trade deficit.  Read Full Story
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Reported by:
The Role of the Government Official Opinion  •  Constitution
The Role of the Government Official
02-27-2008
Howard Blitz
   In 1776 the founders risked their “lives, fortunes, and sacred honor” to establish a free and prosperous nation whereby individuals were able to do as they pleased without any interference from government officials unless the individual initiated for
Make a Comment   •   Email this Column   •   Send Letter to Editor
Indicted Rep. Rick Renzi Will Not Resign From Congress News Link  •  Politics: Republican Campaigns
Indicted Rep. Rick Renzi Will Not Resign From Congress
2-26-2008  •  FOX news 
"I will not resign and take on the cloak of guilt because I am innocent," Renzi said. "My legal team ... will handle these legal issues while I continue to serve my constituents." Renzi returned since the 35-count indictment was i  Read Full Story
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Reported by: Powell Gammill
Maine Sheriff Cuts Ties with Drug Enforcement Agency News Link  •  Law Enforcers or Peace Officers
Maine Sheriff Cuts Ties with Drug Enforcement Agency
02-26-2008  •  Officer.com 
Feb. 25--MACHIAS -- Sheriff Donnie Smith of the Washington County Sheriff's Department has ordered his staff members not to work with the Maine Drug Enforcement Agency until further notice.  Read Full Story
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Reported by: Justin Tyme
Created to Fall: The Common Trait of All Empires News Link  •  TERRORISM
Created to Fall: The Common Trait of All Empires
02-26-2008  •  Officer.com 
How soon before The USA slips?  Read Full Story
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Reported by: Justin Tyme
House of Cards News Link  •  Eugenics
House of Cards
2-26-2008  •  E.J. Dion 
The Post wrote that at "the time he sent the first letter, McCain had flown on Paxson's corporate jet four times to appear at campaign events and had received $20,000 in campaign donations from Paxson and its law firm.  Read Full Story
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Reported by: Powell Gammill
Shadegg changes mind, will run again News Link  •  Arizona's Top News
Shadegg changes mind, will run again
2-26-2008  •  Arizona Republic 
U.S. Congressman John Shadegg announced that he will run for re-election, changing a surprise decision he announced last week that he would retire.  Read Full Story
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Reported by: Powell Gammill
Rep. Flake on a taxpayer funded vacation junket to Rio de Janeiro News Link  •  Arizona's Top News
Rep. Flake on a taxpayer funded vacation junket to Rio de Janeiro
2-26-2008  •  Arizona Republic 
Mesa or Rio. Which city would you choose? Rep. Jeff Flake opted for Rio de Janeiro, home to Ipanema Beach and Sugarloaf Mountain. While Congress is on recess, Flake traveled on official congressional business to talk about global warming  Read Full Story
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Reported by: Powell Gammill
North American Army?! An Open Letter to Congress News Link  •  Corruption
North American Army?! An Open Letter to Congress
2-26-2008  •  CHANGE Arizona 
This year, Valentine’s marked a special affair and, as Leonard Cohen says, Everybody Knows...  Read Full Story
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Reported by: Jon Marino
Foreclosure Aid Rising Locally, as is Dissent News Link  •  Housing
Foreclosure Aid Rising Locally, as is Dissent
02-26-2007  •  New York Times 
As the Bush administration and Congress consider proposals to ease the home foreclosure crisis, local governments across the country have been lending money to imperiled homeowners and confronting some opposition.  Read Full Story
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Reported by: Mike Renzulli
Study: Anti-depressants Don't Work News Link  •  Drugs and Medications
Study: Anti-depressants Don't Work
02-26-2008  •  Mondoreb 
A new study says that "Have a nice day" might be as good as a Prozac.  Read Full Story
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Reported by: Randy Ricochet
US to Give USS Kitty Hawk to India News Link  •  World News
US to Give USS Kitty Hawk to India
02-26-2008  •  Mondoreb 
Could India be getting a soon-to-be decommissioned US aircraft carrier? What new rhetoric can we then be expected to hear from Russia?  Read Full Story
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Reported by: Randy Ricochet
Sacramento Home Prices Tumble 28 Percent in One Year News Link  •  Economy - Economics USA
Sacramento Home Prices Tumble 28 Percent in One Year
2-26-08  •  BizJournals.com/Sacramento 
Sacramento's year-to-year 28.3 percent decline was the third-largest in the state, behind Santa Barbara County at 46.5 percent and North Santa Barbara County at 29.7 percent.  Read Full Story
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Reported by:
U.S. Home Prices Plunge at Record Rate in 2007 News Link  •  Economy - Economics USA
U.S. Home Prices Plunge at Record Rate in 2007
2-26-08  •  NewYorkTimes.com 
The quarterly drop in prices of existing single-family homes quickened to 5.4 percent in the final three months of last year from 1.8 percent drop in the third quarter, according to the S&P/Case-Shiller National Index....  Read Full Story
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Reported by:
Psych Drug Shocker: Antidepressant Drugs Work No Better than Placebo News Link  •  Drugs and Medications
Psych Drug Shocker: Antidepressant Drugs Work No Better than Placebo
2-26-2008  •  NaturalNews 
The following is a groundbreaking report from the independent, honest medical journal PLoS Medicine (which accepts no advertising money from Big Pharma). The full study linked in the article  Read Full Story
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Reported by: Jon Marino
The Onion: Diebold accidently leaks results of 2008 elections News Link  •  Humor
The Onion: Diebold accidently leaks results of 2008 elections
2-26-2008  •  The Onion 
A shocking and disappointing revelation in this video news alert from The Onion's "War for the White House" newsroom.  Read Full Story
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Reported by: Jon Marino
 Anti-war Democrats ponder next step News Link  •  WAR: About that War
Anti-war Democrats ponder next step
2-26-2008  •  AP 
Democrats facing rejection of a proposal to cut off money for the Iraq war are deliberating their next step in trying to rebuild anti-war momentum. [pathetic]  Read Full Story
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Reported by: Powell Gammill
 Turkey warned of 'full-scale' Kurd resistance News Link  •  WAR: About that War
Turkey warned of 'full-scale' Kurd resistance
2-26-2008  •  McClatchy News 
The president of the Kurdistan regional government ordered Iraqi Kurdistan to prepare for "full-scale resistance" if a Turkish military incursion expands into populated areas.  Read Full Story
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Reported by: Powell Gammill
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