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Date Sent: 2008-07-14
Freedom's Phoenix Headline News for Monday, July 14, 2008 |
Treasury Acts to Save Mortgage Giants -- Bush backs Israeli plan for strike on Iran
US Treasury ready to put billions into bailout of America’s mortgage system -- Oil Brings Americans Closer to OPEC Debtor Dependence -- Analysts Say More Banks (150) Will Fail Next Year -- US spells out Fannie-Freddie backstop plan -- DeepCapture.com takes on short sellers -- The Greatest Crime in History -- 'Lob bombs' biggest worry for US in Baghdad -- MISH: Operation "Rescue Fannie" Underway - Paulson a Blatant Liar -- TSA roughs up woman -- Attack on US base in Afghanistan kills 9 Americans -- Clinton Diehards Want Convention Vote -- Afghan Warlords, Formerly CIA, Now Turn Their Guns On US Troops -- EPA too powerful, could damage economy -- School rebuked for ibuprofen strip search -- California seeks foreign aid in fighting fires with it's Nat. Guard in Iraq -- U.S. defends laptop searches at the border -- US visit feeds Pakistani worry over U.S. attack -- US, Iraq Scale Down Negotiations Over Forces -- Obama says 'little doubt' country in recession -- Ron Paul's blimp now used for drug war -- Inquiry into Sheriff Arpaio's immigrant roundup -- Terrorism officers on patrol in Arizona -- MISH: Nature of the Fannie Mae Bailout -- MISH: US Taxpayer Bailout of China Over Fannie Mae -- Psychiatric Group Faces Scrutiny Over Drug Ties
L. Neil Smith on the Scott Horton Show at Antiwar Radio; Tony Snow, RIP
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News Link • Iran
President George W Bush backs Israeli plan for strike on Iran
7-13-08
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Timesonline.co.uk
Despite the opposition of his own generals and widespread scepticism that America is ready to risk the military, political and economic consequences of an airborne strike on Iran, the president has given an “amber light” to an Israeli plan to attack
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Reported by:
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News Link • Economy - Economics USA
Treasury Acts to Save Mortgage Giants
7-14-2008
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NY Times
Officials briefed on the plan said Congress could be asked to extend the total line of credit to the institutions to $300 billion. The actions, which could provide an overwhelming surge of capital to the companies, were the 2nd time in 4 months
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
US Treasury ready to put billions into bailout of America’s mortgage system
7-14-2008
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London Times
The two groups together account for more than half of America’s $12,000 billion of outstanding mortgages. A failure of Freddie and Fannie would drive up mortgage payments significantly as a crucial source of financing dried up and would have a domino
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Government as the Big Lender
7-14-2008
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NY Times
Much of the private money that once surged into the mortgage industry has fled in a panicked horde, leaving most of the responsibility for financing American homes to the government-sponsored Fannie and Freddie. By the first three months of this year
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Reported by:
Powell Gammill
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News Link • Energy
Oil Brings Americans Closer to OPEC Debtor Dependence
7-14-08
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Bloomberg.com
Holdings of Treasuries by oil producers and institutions such as U.K. banks that are proxies for Middle East nations rose 44 percent this year to $510.8 billion through April, four times faster than the rest of the world...
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News Link • Economy - Economics USA
Analysts Say More Banks (150) Will Fail Next Year
7-14-2008
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NY Times
But the troubles are growing so rapidly at some small and midsize banks that as many as 150 out of the 7,500 banks nationwide could fail over the next 12 to 18 months, analysts say. Other lenders are likely to shut branches or seek mergers.
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
US spells out Fannie-Freddie backstop plan
7-13-2008
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AP
The Federal Reserve and the Treasury announced steps Sunday to shore up mortgage giants Fannie Mae and Freddie Mac, whose shares have plunged as losses from their mortgage holdings threatened their financial survival.
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Reported by:
Powell Gammill
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News Link • WAR: About that War
'Lob bombs' biggest worry for US in Baghdad
7-13-2008
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AP
US forces may be close to unlocking the mystery of who is behind a deadly innovation in Iraqi insurgents' weapons, a "lob bomb" now being used in Baghdad to target combat outposts. The weapon cannot be stopped once it has launched,
Read Full Story
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Reported by:
Powell Gammill
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News Link • Federal Reserve
Operation "Rescue Fannie" Underway - Paulson a Blatant Liar
7-13-08
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Michael Shedlock / Mish
"Operation Rescue Fannie" has now morphed into a taxpayer bailout of Bill Gross, China, and anyone else that levered into buying Fannie Mae garbage. It is a moral hazard to the highest degree, for bondholders to be made whole in this mess.
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News Link • WAR: About that War
Attack on US base in Afghanistan kills 9 Americans
7-13-2008
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AP
A multi-pronged militant assault on a small, remote U.S. base close to the Pakistan border killed nine American soldiers and wounded 15 Sunday in the deadliest attack on U.S. forces in Afghanistan in 3 years, officials said. The attack began around 4
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Reported by:
Powell Gammill
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News Link • Transportation: Air Travel
TSA roughs up woman, faces $10 million excessive force lawsuit
7-13-2008
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Gadling (wus warning)
Watching the video of Robin Kassner being arrested while her bag is getting checked at the Reagan International Airport certainly gives one the impression that being arrested is not relaxing. She's tussled up a bit by the Metropolitan Washington
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Reported by:
Powell Gammill
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News Link • WAR: About that War
Afghan Warlords, Formerly CIA, Now Turn Their Guns On US Troops
7-13-2008
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US News & World Report
The war in Afghanistan reached a wrenching milestone this summer: For the second month in a row, U.S. and coalition troop deaths in the country surpassed casualties in Iraq. This is driven in large part,
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Reported by:
Powell Gammill
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News Link • Eugenics
Clinton Diehards Want Convention Vote
Clinton supporters are clinging to the hope that if her name is placed in nomination and the roll call of the states is conducted, she might " might " still win. Is there a wooden stake big enough to put an end to Hillary's bloodsucking campaign?
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Reported by:
Mike Dugger
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News Link • Politics: Libertarian Campaigns
Libertarians: A (Not So) Lunatic Fringe
7-13-2008
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Time
The central goal of Libertarianism is hard to disagree with: freedom. Party members speak of freedom as if it were a phantom limb: you're born with it, but it gets taken from you by the bureaucratic violence of the EPA, the ATF, the DOE, the DEA,
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
EPA too powerful, could damage economy
7-13-2008
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Tulsa World
While others criticized the Bush administration's inaction on greenhouse gases, US Sen. Jim Inhofe warned that it has put in place a scenario that will bankrupt the economy. A key player in the years-long debate over climate change,
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Reported by:
Powell Gammill
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News Link • Education: Government Schools
School rebuked for ibuprofen strip search
7-13-2008
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Reuters
A divided US appeals court has ruled an Arizona school violated the constitutional rights of a 13-year-old student by conducting a strip search for ibuprofen.
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Reported by:
Powell Gammill
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News Link • Domestic Policy
California seeks foreign aid in fighting fires with it's Nat. Guard in Iraq
7-13-2008
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AFP
FIRE-RAVAGED California is awaiting the arrival of foreign firefighters from as far away as Australia to help battle more than 300 blazes still raging. Expected to arrive shortly from Australia, Canada, Mexico and New Zealand' to help hold the li
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Reported by:
Powell Gammill
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News Link • Privacy Rights
U.S. defends laptop searches at the border
7-13-2008
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Christian Science Monitor
Is a laptop searchable in the same way as a piece of luggage? The Department of Homeland Security believes it is. Immigration officials at border entries have been searching and seizing citizens’ laptops, cellphones, and BlackBerry devices when they
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Reported by:
Powell Gammill
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News Link • WAR: About that War
U.S. visit feeds Pakistani worry over U.S. attack
7-13-2008
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Reuters
The Chairman of the US Joint Chiefs of Staff, Admiral Mike Mullen, visited Pakistan on the weekend, fueling speculation that the US was about to take action against militants in northwest Pakistan. The US has become increasingly frustrated at what it
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Reported by:
Powell Gammill
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News Link • WAR: About that War
U.S., Iraq Scale Down Negotiations Over Forces
7-13-2008
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Washington Post
US and Iraqi negotiators have abandoned efforts to conclude a comprehensive agreement governing the long-term status of US troops in Iraq before the end of the Bush presidency effectively leaving talks over an extended US military presence there to t
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Reported by:
Powell Gammill
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News Link • Eugenics
Obama says `little doubt' country in recession
7-13-2008
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AP
Barack Obama said there is "little doubt we've moved into recession," underscoring the need for a 2nd economic stimulus package, swift steps to shore up the housing market and a energy policy to reduce reliance on foreign oil imports.
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Reported by:
Powell Gammill
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News Link • WAR: About that War
Another leak of bring home the troops...must be election time again!
7-13-2008
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NY Times
The Bush administration is considering the withdrawal of additional combat forces from Iraq beginning in September raising the prospect of a far more ambitious plan than expected only months ago. Such a withdrawal would be a striking reversal from th
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Reported by:
Powell Gammill
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News Link • Eugenics
Ron Paul's blimp now used by government thugs for drug interdictions
7-13-2008
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Miami Herald
The Skyship 600 blimp had been a headturning advertisement for presidential candidate Ron Paul. Now the 197-foot airship that looks like a gigantic white balloon features only an American flag. The blimp has been equipped with radar, sensors and elec
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Reported by:
Powell Gammill
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News Link • Eugenics
The r3VOLution March on Washington
7-13-2008
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This Ain't Hell (not RPR friendly)
Ron Paulians filled Constitution Avenue this morning to bring the “Second Revolutionary War” to Washington. I’ll admit that it was a pretty big crowd, the website had over 15,000 people pledged to come, but it looked like less than half that many sho
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Reported by:
Powell Gammill
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News Link • Arizona's Top News
Tribune inquiry into Sheriff Arpaio's immigrant roundup
7-13-2008
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East Valley Tribune
Sheriff Joe Arpaio garnered international media attention for his aggressive illegal immigration enforcement effort. But it comes with a price -- slower response times on emergency calls, a dropping arrest rate and excessive overtime costs.
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Reported by:
Powell Gammill
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News Link • Police State
Terrorism officers on patrol in Arizona
7-12-2008
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East Valley Tribune
Terrorism liaison officers have been getting a lot of attention in the national press lately. But the bottom line of what they do is keep their eyes and ears open for any suspicious activity.
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Reported by:
Powell Gammill
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News Link • Federal Reserve
U.S. Economy: Take Downs and Drawing the Wrong Straw
7-12-08
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WallStreetExaminer.com
Never again will so many assets be handed off to regulators and corrupt apparatcheks for “distribution” to the privileged. This may make the “privatization” of the Soviet Union to Russian oligarchs look like a cake walk.
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News Link • Eugenics
The First Ron Paul Washington DC March Pics - Early July 12th, 2008
7-12-2008
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RonPaulBlogs
Not a bad turnout. Love the signs. r3VOLution!!!!
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Reported by:
Powell Gammill
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News Link • Federal Reserve
U.S. Taxpayer Bailout of China Over Fannie Mae
7-12-08
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Michael Shedlock / Mish
There is $376 Billion in Chinese Agency Bond Holdings Subject to Taxpayer Bailout Proposals According to FreedomWorks Analysts.
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Reported by:
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News Link • Federal Reserve
Nature of the Fannie Mae Bailout
7-12-08
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Michael Shedlock / Mish
Now this “the emperor has no clothes” farce has been revealed to be what it always was: a high-flatulin “moral hazard” farcical rhetoric with zero substance and credibility.
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News Link • Conspiracies
The Century of the Self part 1 of 4 - Controlling the Masses
07-12-2008
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spktruth2power
"We must shift America from a needs to a desires culture. People must be trained to desire. Man’s desires must overshadow his needs." (Paul Mazer)
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Reported by:
Barbara Peterson
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News Link • Conspiracies
Vaccines: The Hidden Truth
07-12-2008
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Information Liberation
A shocking, informative video documentary where 15 people, including Dr. Viera Scheibner (a PhD researcher), five medical doctors, other researchers, and parents' experiences, reveal what is really going on in relation to illness and vaccines.
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Reported by:
Barbara Peterson
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News Link • Bush Administration
Tony Snow, dead at 53
7-12-2008
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FOX News
Tony Snow, the former White House press secretary and conservative pundit who bedeviled the press corps and charmed millions as a FOX News television and radio host, died Saturday after a long bout with cancer. He was 53.
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Reported by:
Powell Gammill
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News Link • Communications
The iPocalypse!
7-12-2008
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ABC News
Long lines of disgruntled customers wrapped around city blocks across the globe today as Apple scrambled to fix a glitch in iTunes that prevented iPhone acolytes from activating the next-generation phones they had waited hours, even days, to buy.
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Reported by:
Powell Gammill
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News Link • Corruption
Psychiatric Group Faces Scrutiny Over Drug Ties
07/21/2007
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The New York Times
The psychiatric profession itself is under attack in Congress, accused of allowing the relationship with the American Psychiatric Association and pharmaceutical companies to become too cozy.
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Reported by:
Mike Renzulli
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News Link • Corruption
Powerful Congressmember Benefits from Rent Control
07/12/2008
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The New York Times
Rep. Charles B. Rangel is enjoying the luxury of four rent controlled apartments overlooking Upper Manhattan in a building owned by one of New York's prestigious real estate developers.
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Reported by:
Mike Renzulli
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| Tags: freedoms, phoenix, archives, politics, libertarian, alternative, government, freedom |
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Reference Link • 
Feature Article • 
