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Date Sent: 2008-07-12
Freedom's Phoenix Headline News for Saturday, July 12, 2008

Bank Failure: IndyMac financial troubles -- MISH: Fannie and Freddie Waterfalls Are Too Big to Bail

Recession: With War or Without It? - by Gary North -- Your Life Not Worth As Much, Says Gov't -- A Hint of New Life to a McCain Birth Issue -- McCain was still married to his wife when he got married to his mistress -- Federal Judge Ruling: George W. Bush is a Felon -- Your Skin Produces Marijuana -- Halliburton Charged with Selling Nuclear Technologies to Iran -- McCain asked about PNAC and 9/11 at town hall - VIDEO -- Oil futures hit record high of $147.27 a barrel -- FTSE 100 closes in jaws of a bear market as US slide continues -- McCain's Nomination Uncertain? - by Stephen Lendman

Recession: With War or Without It?<br>by Gary North

News Link • Economy - Economics USA
Recession: With War or Without It?
by Gary North
7-11-2008 • LewRockwell
The housing bubble has popped. This is going to take the price of housing in the United States lower than it is today. I think 20% lower is a conservative figure. The commodity bubble is still in full force. It is a worldwide bubble. The price of ene Read Full Story
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Reported by: Powell Gammill

News Link • Privacy Rights
Privacy's Twilight: The Rise Of The Total Surveillance Society
7-11-2008 • Reality Catcher
We may be the last generation that will have ever known privacy. Every day, we are one step closer to the Total Surveillance Society. Every day, we lose a little more of that part of being human that claims the right to be left alone, that knows f Read Full Story
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Reported by: Powell Gammill

News Link • Gun Rights
Public comment extended for national parks gun rule change
7-11-2008 • Citizen Times
To let more antigunners organize to submit comments. The period for public comment on a controversial rule change that would allow loaded guns in national parks has been extended to August 8 after pressure from congressional leaders. Read Full Story
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Reported by: Powell Gammill

News Link • Politics: Democratic Campaigns
Kucinich to Present Impeachment Case to House Judiciary Committee
7-11-2008 • CQPolitics
Democratic leaders have agreed to give Rep. Dennis J. Kucinich a day before the House Judiciary Committee to make his case that President Bush ought to be impeached for allegedly lying to Congress in order to get approval to invade Iraq. Read Full Story
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Reported by: Powell Gammill

News Link • Domestic Policy
Your Life Not Worth As Much, Says Gov't Agency
7-11-2008 • AP
It's not just the American dollar that's losing value. A government agency has decided that an American life isn't worth what it used to be. The "value of a statistical life" is $6.9 million in today's dollars, the Environme Read Full Story
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Reported by: Powell Gammill

Fannie, Freddie, Fascist<br>by Llewellyn H. Rockwell, Jr.

News Link • Economy - Economics USA
Fannie, Freddie, Fascist
by Llewellyn H. Rockwell, Jr.
7-11-2008 • LewRockwell
Ludwig von Mises had a theory about interventionism. It doesn't accomplish its stated ends. Instead it distorts the market. That distortion cries out for a fix. The fix can consist in pulling back and freeing the market or taking further steps to Read Full Story
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Reported by: Powell Gammill

News Link • Eugenics
A Hint of New Life to a McCain Birth Issue
7-11-2008 • NY Times
In the most detailed examination yet of Senator John McCain’s eligibility to be president, a law professor at the University of Arizona has concluded that McCain’s birth is not enough to satisfy the constitutional requirement the president must be a Read Full Story
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Reported by: Powell Gammill

News Link • Eugenics
McCain was still married to his wife when he got married to his mistress
7-11-08 • Americablog.com
McCain obtained an Arizona marriage license on March 6, 1980, while still legally married to his first wife. Oops! Read Full Story
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Reported by:

News Link • Economy - Economics USA
Bank Failure: IndyMac as financial troubles spread
7-11-2008 • Reuters
U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history. California-based IndyMac, which specialized in a type Read Full Story
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Reported by: Powell Gammill

News Link • Bush Administration
Federal Judge Ruling: George W. Bush is a Felon
7-11-2008 • The Existentialist Cowboy
The Chief Judge of the US District Court in California has ruled that President Bush is a felon. The ruling stems from the case of Al-Harmain Islamic Foundation Inc. v Bush, a case which will now be remembered as making it official that Bush's pr Read Full Story
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Reported by: Powell Gammill

News Link • Corruption
Halliburton Charged with Selling Nuclear Technologies to Iran,
07/04/2008 • Global Research; Author: Jason Leopold
Top 25 Censored Stories for 2007: Sources at former Cheney company Halliburton allege that, as recently as January of 2005, Halliburton sold key components for a nuclear reactor to an Iranian oil development company. Read Full Story
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Reported by: Bruce Barton

News Link • Weird/Offbeat News
China takes dog off the menu, but only for the Olympics
07/11/2008 • Reuters
BEIJING (Reuters) - Beijing has asked hotels and restaurants in the city to take dog meat off the menu for the duration of next month's Olympics and September's Paralympics. Dog is eaten not only by the large Korean community in China's Read Full Story
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Reported by: Bruce Barton

News Link • World News
Earthquake Destroyed China's Largest Military Armory, Says Source
07/09/2008 • By Zhang Haishan
What came first: The nuclear accident or the earthquake? A high-level Chinese military source secretly disclosed last week that the recent earthquake in Sichuan Province caused a chain-reaction of explosions in the Sichuan mountain areas. The explo Read Full Story
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Reported by: Bruce Barton

News Link • Drug War
Your Skin Produces Marijuana THC-Like Substance
7-11-2008 • LiveScience
We've got pot growing out of our skin? Essentially, yes. The skin has joined the growing club of organs that is known to produce "endocannabinoids" �" the body's own reefer. The biggest producer of endogenous pot is the brain. [buste Read Full Story
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Reported by: Powell Gammill

Reference Link • Revolutions, Rebellions & Uprisings
RON PAUL 4409 -- Police State 08 -- SHE DID NOTHING :(
Youtube 4409
The 4409 Phoenix Revolution in Las vegas where Morpheus uncovered cops arresting a woman who did nothing and OWNS NOTHING :( ....Click below the view count to watch this video in HD!
Entered by: Forty Four O Nine
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News Link • Economy - Economics USA
Market falling, it must be Friday
7-11-2008 • AP
Wall Street sank further Friday, as investors dumped stocks on troubles at mortgage companies Fannie Mae and Freddie Mac and oil's continuing climb into record territory. Dow Jones industrials slid below 11,000 for the first time in 2 years Read Full Story
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Reported by: Powell Gammill

News Link • Eugenics
McCain asked about PNAC and 9/11 at town hall - VIDEO
07-11-2008 • RawStory.com VIDEO
The questioner began, "I was curious about a document. Back in September of 2000, the Project for a New American Century, or PNAC, whose members included Dick Cheney, Donald Rumsfeld, Jeb Bush and Paul Wolfowitz, wrote a document entitled 'R Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
'D8' Nations: Disaster Looming from Soaring Food, Oil Prices
07-11-2008 • VOA News
Leaders at a summit of eight developing Islamic nations say the rising costs of food and oil could have dire implications. Read Full Story
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Reported by: Ernest Hancock

News Link • Energy
Oil futures hit record high of $147.27 a barrel on Globex
07-11-2008 • www.marketwatch.com
NEW YORK (MarketWatch) -- Crude-oil futures continued their record-breaking run higher this morning, hitting a fresh all-time high of $147.27 a barrel in electronic trading on Globex Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
FTSE 100 closes in jaws of a bear market as US slide continues
07-11-2008 • www.telegraph.co.uk
UK stocks sank to their lowest since 2005 as crude oil prices hit fresh highs, sending the FTSE into the jaws of a bear market - which is defined by shares falling by more than 20pc from their recent peak. Read Full Story
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Reported by: Ernest Hancock

News Link • Federal Reserve
Bernanke, Paulson Urge More Regulatory Powers (Video)
07-11-2008 • YouTube
Ben Bernanke and Treasury Secretary Henry Paulson told Congress Thursday that new regulatory powers are needed to insulate the national economy from damage if a big Wall Street firm were to fail. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - Economics USA
Fannie, Freddie shares in meltdown on insolvency fears
07-11-2008 • www.breitbart.com
The latest action came amid a new report saying the government could put the finance giants in receivership, which would make their shares worthless. Read Full Story
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Reported by: Ernest Hancock

News Link • Iran
Iraq denies IAF using its airspace
07-11-2008 • www.jpost.com
Former military officers in the Anbar province said IAF jets arrive during the night from Jordanian airspace, enter Iraq's airspace and land on a runway near the city of Hadita. The sources estimated the jets were practicing for a raid on Iran' Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - Economics USA
CNBC Anchor Stunned by the Fall of Freddie and Fannie
7-11-08 • CalculatedRisk.blogspot.com
This is a great video clip from Bubble Vision. Read Full Story
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Reported by:

News Link • Federal Reserve
Fannie and Freddie Waterfalls Are Too Big to Bail
7-11-08 • Michael Shedlock / Mish
Paulson's statement "Institutions Must Be Allowed To Fail" is in reality an implicit admission the Fed is powerless to stop a credit implosion. We have finally reached the point at which the mess is too big to bail Read Full Story
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Reported by:

News Link • Immigration
An Interpreter Speaks Up for Migrants
07/11/2008 • The New York Times
Professor Camayd-Freixas has written a 14 page essay stating that the immigrant defendants whose words he translated, did not fully understand the criminal charges they were facing or the rights most of them had waived. Read Full Story
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Reported by: Mike Renzulli

Feature Article  • Politics: Republican Campaigns
McCain's Nomination - A Possible September Surprise?
Stephen Lendman
   McCain's nomination may or may not be certain.
Make a Comment   •   Email this Article   •   Send Letter to Editor

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