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Date Sent: 2008-09-18
Freedom's Phoenix Headline News for Thursday, September 18, 2008
 
Asian Market continues to fall -- Car companies bailout coming -- Gold posts historic gains

Markets in Disarray as Lending Locks Up -- Lew Rockwell: US Government Goes Crazy -- Putting a Meter on Internet Use -- Livni clear winner in Israeli primary -- MSNBC Staffer Physically Attacks Free Speech Activist -- Ron Paul today on FOX: Ki$$ it all goodbye -- US faces its own F-16's in Pakistan -- Feds bailed out China, not the US -- Morgan Stanley, Goldman plummet as crisis mounts -- Customers Withdrawing Deposits From Washington Mutual -- Cop's new toy: Blockwide see through crowd clothing -- Bank fears, AIG fallout fuel Wall St sell-off -- 5 US missiles kill 4 Al-Qaeda in Pakistan -- Is Someone Killing Witnesses to 911? -- Sen. Stevens charges don't violate Constitution, judge rules -- Joseph Stiglitz: Crisis As Bad As Great Depression Or Worse -- So Cal Real Estate: 46% of Home Sales are Foreclosures -- The Fed’s Failure - by Michael S. Rozeff -- Baggy pants ban "unconstitutional" rules judge -- Treasury to Sell Bills to Bolster Fed Balance Sheet -- McCain says government 'forced' to bail out AIG -- Pakistani Tribal Chiefs Threaten to Join Taliban Because of US Attacks -- Voter Database Glitches Could Disenfranchise Thousands - Try Millions -- Israel: DNA matched to mess your dog leaves on the sidewalk -- Terrorist attack on US embassy in Yemen -- Customers crowd AIG subsidiary in Singapore -- World markets continue to slide amid US woes
 

Banks rush to do deals as Wall St crisis deepens News Link  •  Economy - Economics USA
Banks rush to do deals as Wall St crisis deepens
09-17-2008  •  news.yahoo.com 
NEW YORK (Reuters) - Wall Street's manic dealmaking reached a new pitch on Wednesday as U.S. share prices plummeted to three-year lows and forced increasingly desperate major banks to scramble for merger partners.  Read Full Story
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Reported by: Ernest Hancock
US, China ink trade deals after bilateral talks News Link  •  Foreign Policy
US, China ink trade deals after bilateral talks
09-17-2008  •  RawStory.com 
The United States and China announced Tuesday a raft of trade agreements at the end of bilateral trade talks amid a faltering US economy buffeted by a financial crisis. (do you think that this trade agreement and the financial bailouts are linked :)  Read Full Story
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Reported by: Ernest Hancock
Gold prices post biggest 1-day gain ever News Link  •  Precious Metals
Gold prices post biggest 1-day gain ever
09-17-2008  •  AP 
NEW YORK (AP) " Gold prices exploded Wednesday " posting the biggest one-day gain ever in dollar terms " as fears of more credit market turmoil unnerved investors and triggered a flood of safe-haven buying.  Read Full Story
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Reported by: Ernest Hancock
Senate Passes Big Military Bill Wednesday News Link  •  WAR: About that War
Senate Passes Big Military Bill Wednesday
09-17-2008  •  WASHINGTON (AP) 
$70 billion for operations in Iraq and Afghanistan.  Read Full Story
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Reported by: Ernest Hancock
Markets in Disarray as Lending Locks Up News Link  •  Economy - Economics USA
Markets in Disarray as Lending Locks Up
9-18-2008  •  Washington Post 
The flow of money through critical parts of the financial system all but stopped yesterday, prompting the stock market to plunge again as banks lost faith in one another and investors rushed to US government securities to protect their savings.  Read Full Story
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Reported by: Powell Gammill
Lew Rockwell - U.S. Government Goes Crazy *AUDIO* News Link  •  Economy - Economics USA
Lew Rockwell - U.S. Government Goes Crazy *AUDIO*
09-17-2008  •  www.howestreet.com 
Lew is horrified by the latest Government machinations, in the Markets.  Read Full Story
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Reported by: Ernest Hancock
Scrambling to Clean Up After A Category 4 Financial Storm News Link  •  Economy - Economics USA
Scrambling to Clean Up After A Category 4 Financial Storm
9-18-2008  •  Washington Post 
If there was any good news it was investors here and abroad decided that the only safe place to put their money is in government securities. At one point the effective yield on a Treasury bill was driven below zero  Read Full Story
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Reported by: Powell Gammill
Is GM's Volt Ready to Roll? News Link  •  Transportation
Is GM's Volt Ready to Roll?
09-17-2008  •  Technology Review 
...significant hurdles remain before the car can start rolling off assembly lines, chief among them the need for continued development of the car's main battery pack.  Read Full Story
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Reported by: Ernest Hancock
Asian Market continues its fall News Link  •  Economy - International
Asian Market continues its fall
9-18-2008  •  Bloomberg 
Asian stocks tumbled to the lowest level in three years as credit markets seized up and concerns grew that more financial companies will collapse.  Read Full Story
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Reported by: Powell Gammill
Putting a Meter on the Computer for Internet Use News Link  •  Internet
Putting a Meter on the Computer for Internet Use
9-18-2008  •  NY Times 
WHEN Richard Tallent moved to a new home in Beaumont, Tex., he was eager to sign up for Internet service as soon as possible. Time Warner Cable, the local provider, was preparing to impose limits on its new customers’ Internet use.  Read Full Story
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Reported by: Powell Gammill
News Link  •  Israel
Exit polls: Livni clear winner in Israeli primary
09-17-2008  •  www.breitbart.com 
Foreign Minister Tzipi Livni won the Kadima Party's primary election, TV exit polls said, putting her in a good position to become Israel's first female leader in 34 years and sending a message that peace talks with the Palestinians will proc  Read Full Story
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Reported by: Ernest Hancock
Bailout of car companies coming News Link  •  Economy - Economics USA
Bailout of car companies coming
9-18-2008  •  NY Times 
The chief executives of the three big American automakers " General Motors, Ford and Chrysler " met on Wednesday afternoon with House Speaker Nancy Pelosi. When they emerged, they expressed optimism that the loan guarantees would be included as par  Read Full Story
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Reported by: Powell Gammill
Google demos Android phone at developer day News Link  •  Techno Gadgets
Google demos Android phone at developer day
09-17-2008  •  www.telegraph.co.uk 
Android, the Google-backed operating system that will run on the device, is designed to bring the desktop computing experience to mobile devices, by allowing people to surf the internet and carry out everyday tasks on the go.  Read Full Story
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Reported by: Ernest Hancock
George Carlin - Voting News Link  •  Humor
George Carlin - Voting
09-17-2008  •  YouTube 
  Read Full Story
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Reported by: Ernest Hancock
Dispossession by Decree<br>by Will Grigg News Link  •  Economy - Economics USA
Dispossession by Decree
by Will Grigg

9-17-2008  •  Pro Liberate 
During the frontier period, when the government that afflicts us was still in its pupal stage Washington employed an interesting method of stealing land from various Indian communities.   Read Full Story
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Reported by: Powell Gammill
Michael Palin for President News Link  •  Humor
Michael Palin for President
09-17-2008  •  YouTube 
http://www.michaelpalinforpresident.com With Sarah Palin campaigning hard for Vice President, it's time to consider a new contender as the election campaign heats up: former Monty Python member Michael Palin! Neither Democrat nor Republican, he**  Read Full Story
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Reported by: Ernest Hancock
The Denouement (Updated)<br>by Will Grigg News Link  •  Economy - Economics USA
The Denouement (Updated)
by Will Grigg

9-17-2008  •  Pro Liberate 
In this famous 1911 editorial cartoon, Karl Marx is rapturously greeted on Wall Street and taken to the bosom of Carnegie and Rockefeller. This tidily sums up the relationship between Wall Street corporate socialists and the non-housebroken Marxist r  Read Full Story
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Reported by: Powell Gammill
MSNBC Staffer Physically Attacks Free Speech Activist News Link  •  Media: Television
MSNBC Staffer Physically Attacks Free Speech Activist
9-17-2008  •  National Expositor 
A close video analysis now shows that it was MSNBC staff members who attempted to silence free speech by physically assaulting a group of 9/11 truthers led by Alex Jones during the takeover of a live broadcast at the DNC in Denver.  Read Full Story
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Reported by: Powell Gammill
America is Now Rome<br>by STAN GOFF News Link  •  WAR: About that War
America is Now Rome
by STAN GOFF

9-17-2008  •  Counterpunch 
On February 1, 1996, I retired from the United States Army. I had served in the 173rd Airborne Brigade in Vietnam as an infantryman, the 82nd Airborne Division, the 4th Infantry Division, 2nd Ranger Battalion, the Jungle Operations Training Center, 1  Read Full Story
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Reported by: Powell Gammill
Ron Paul today on FOX: Ki$$ it all goodbye News Link  •  Eugenics
Ron Paul today on FOX: Ki$$ it all goodbye
9-17-2008  •  Youtube 
Cavuto invites Ron Paul back to discuss the economy and doesn't appear to be too happy that Paul is insinuating this is the end he had predicted five years ago.  Read Full Story
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Reported by: Powell Gammill
US faces its own F-16's in Pakistan News Link  •  WAR: About that War
US faces its own F-16's in Pakistan
9-17-2008  •  Times of India 
The United States is suddenly faced with the uncomfortable scenario of confronting the very same weapons and military hardware, including F-16 fighter jets, it has armed Pakistan with for decades.  Read Full Story
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Reported by: Powell Gammill
Feds bailed out China, not the US News Link  •  Economy - Economics USA
Feds bailed out China, not the US
9-17-2008  •  MSN 
The deal adds $5 trillion in debt to an already stressed national balance sheet. That basically doubles the U.S. national debt and can't help but push the U.S. dollar lower and U.S. interest rates higher in the long term. The U.S. government is g  Read Full Story
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Reported by: Powell Gammill
Morgan Stanley, Goldman plummet as crisis mounts News Link  •  Economy - Economics USA
Morgan Stanley, Goldman plummet as crisis mounts
9-17-2008  •  Reuters 
[taxpayers must bail them out too] Shares of Wall Street firms Morgan Stanley and Goldman Sachs plummeted on Wednesday and Britain's biggest mortgage lender looked set to be sold in the latest signs of extreme distress in the financial industry.  Read Full Story
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Reported by: Powell Gammill
Customers Withdrawing Deposits From Washington Mutual News Link  •  Federal Reserve
Customers Withdrawing Deposits From Washington Mutual
9-17-08  •  FinancialTimes.com 
"As soon as they downgraded it I decided to come and was here at 7am," said Lewanne Elwes, an artist manager. "I can't go on waking up in the middle of the night all worried after watching the news . . . I'm tired of this."  Read Full Story
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Reported by:
Law enforcement's new toy: Blockwide see through your clothing News Link  •  Homeland Security
Law enforcement's new toy: Blockwide see through your clothing
9-17-2008  •  AP 
Can high-tech infrared cameras and millimeter-wave cameras "see" terrorist threats coming from as far as 130 yards away? [I see naked people everywhere. Oh, to be a campus cop.] [Terrorist? Look at those guns!]  Read Full Story
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Reported by: Powell Gammill
Bank fears, AIG fallout fuel Wall St sell-off News Link  •  Economy - Economics USA
Bank fears, AIG fallout fuel Wall St sell-off
9-17-2008  •  Reuters 
U.S. stocks tumbled to a three-year low on Wednesday as the U.S. rescue of insurer AIG failed to calm a crisis of confidence in global markets and banks were scared to lend to each other.  Read Full Story
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Reported by: Powell Gammill
Gold posts historic gains on flight to safety News Link  •  Precious Metals
Gold posts historic gains on flight to safety
9-17-2008  •  Reuters 
Gold posted a record one-day gain in absolute dollar terms on Wednesday, hitting a near six-week high with investors fleeing to safety as they watched the carnage on stock markets and expected further losses.  Read Full Story
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Reported by: Powell Gammill
US missile strike in Pakistan killed four Al-Qaeda: official, militant News Link  •  WAR: About that War
US missile strike in Pakistan killed four Al-Qaeda: official, militant
9-17-2008  •  AFP 
A US missile strike targeting a top Taliban commander in Pakistan's northwest killed four mid-level Al-Qaeda operatives. "According to local sources the strike [5 missiles] killed four Al-Qaeda operators and some extended family members of H  Read Full Story
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Reported by: Powell Gammill
Is Someone or Something Killing Witnesses to 911? News Link  •  Conspiracies
Is Someone or Something Killing Witnesses to 911?
9-17-08  •  PropagandaMatrix.com 
9/11 witness Barry Jennings has passed away, a firestorm erupted over his testimony that he heard explosions inside the building prior to collapse of either tower and that there were dead bodies in the building’s blown-out lobby.  Read Full Story
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Sen. Stevens charges don't violate Constitution, judge rules News Link  •  Corruption
Sen. Stevens charges don't violate Constitution, judge rules
9-17-2008  •  McClatchy News 
Sen. Ted Stevens won't be able to argue that evidence in the federal corruption case against him violates the constitutional separations that keep members of Congress from being prosecuted for their legislative actions.  Read Full Story
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Reported by: Powell Gammill
Joseph Stiglitz: Crisis As Bad As Great Depression Or Worse News Link  •  Economy - Economics USA
Joseph Stiglitz: Crisis As Bad As Great Depression Or Worse
9-17-08  •  PrisonPlanet.com 
Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans during the great depression of the 1930s.  Read Full Story
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So Cal Real Estate: 45.5 Percent of Home Sales are Foreclosures News Link  •  Economy - Economics USA
So Cal Real Estate: 45.5 Percent of Home Sales are Foreclosures
9-17-08  •  CalculatedRisk.blogspot.com 
Foreclosure resales made up 45.5 percent of all Southland resales last month, up from 43.7 in July and 10 percent a year ago. The figure represents the percentage of homes resold in August  Read Full Story
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 16 killed in attack on US embassy in Yemen News Link  •  Foreign Policy
16 killed in attack on US embassy in Yemen
9-17-2008  •  AP 
Attackers armed with automatic weapons, rocket-propelled grenades and at least one suicide car bomb assaulted the U.S. Embassy in the Yemeni capital. 16 people were killed, including 6 assailants, officials said. No Americans were hurt in the deadly  Read Full Story
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Reported by: Powell Gammill
Photos of the damage left in the wake of Hurricane Ike News Link  •  Housing
Photos of the damage left in the wake of Hurricane Ike
9-17-08  •  coastal.er.usgs.gov/hurricanes/ike 
Hurricane Ike did a number on the Gulf coast.  Read Full Story
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Baggy pants ban News Link  •  Bill of Rights
Baggy pants ban "unconstitutional," rules US judge
9-17-2008  •  AFP 
A Florida judge has deemed unconstitutional a law banning baggy pants that show off the wearer's underwear. A 17-year-old [not a plummer;-)] spent a night in jail last week after police arrested him for wearing low pants in southeast Florida.  Read Full Story
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Reported by: Powell Gammill
Tesla Motors to build electric sedan in California News Link  •  Transportation
Tesla Motors to build electric sedan in California
9-17-2008  •  AutoChannel 
Tesla Motors Inc. plans to build a $250 million facility to manufacture a zero-emission luxury sedan in the heart of Silicon Valley. The nation’s leading all-electric car company will also relocate its corporate headquarters and research and developm  Read Full Story
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Reported by: Powell Gammill
If you are a gun shop, and lose track of guns, ATF shuts you down. If you're ATF and lose guns,. News Link  •  Police State
If you are a gun shop, and lose track of guns, ATF shuts you down. If you're ATF and lose guns,.
9-17-2008  •  AP 
Humble proprietors are in prison today for less than this level of bad recordkeeping. Yet, the people who put them in prison commit much worse errors,...and they are still walking the streets.  Read Full Story
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Reported by: Chip Saunders
The Fed’s Failure News Link  •  Federal Reserve
The Fed’s Failure
09-17-2008  •  by Michael S. Rozeff via LewRockwell.com 
The Fed is doubling down on a bad hand. It is buying more stock as it falls, instead of selling out. The Fed is lending more and more of its liquid government securities to client banks. In return, it is accepting their questionable and risky collate  Read Full Story
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Reported by: Ernest Hancock
Treasury to Sell Bills to Bolster Fed Balance Sheet (Update2) News Link  •  Federal Reserve
Treasury to Sell Bills to Bolster Fed Balance Sheet (Update2)
09-17-2008  •  Bloomberg.com 
Sept. 17 (Bloomberg) -- The Treasury will sell more debt to enable the Federal Reserve to expand its balance sheet, a sign of the strains created by the biggest extension of central-bank credit to financial companies since the Great Depression. Read Full Story
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Reported by: Ernest Hancock
 McCain says government 'forced' to bail out AIG News Link  •  Eugenics
McCain says government 'forced' to bail out AIG
9-17-2008  •  AP 
"[T]here are literally millions of people ... going to have their lives destroyed because of the greed and excess and corruption," McCain said. Asked for specific examples of corruption, campaign adviser Steve Schmidt offered none.  Read Full Story
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Reported by: Brock Lorber
Voter Database Glitches Could Disenfranchise Thousands - Try Millions News Link  •  Voting - Election Integrity
Voter Database Glitches Could Disenfranchise Thousands - Try Millions
9-17-08  •  Wired.com 
But the databases, some created by the same companies that make electronic voting machines, aren't federally tested or certified and some have been plagued by missed deadlines, rushed production schedules, cost overruns, security problems, and de  Read Full Story
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Pakistani Tribal Chiefs Threaten to Join Taliban Because of U.S. Attacks News Link  •  Bush Administration
Pakistani Tribal Chiefs Threaten to Join Taliban Because of U.S. Attacks
9-17-08  •  AfterDowningStreet.org 
"If the Americans are coming to sort it out with force, they would create more enemies. The Americans might have supersonic jets and we might have to fight with stones in our hands, but we will stand up."  Read Full Story
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Terrorist attack on U.S. embassy in Yemen News Link  •  TERRORISM
Terrorist attack on U.S. embassy in Yemen
9-17-08  •  news.BBC.co.uk 
A car bomb and rocket attack on the US embassy in Yemen has killed at least 16 people, including civilians and Yemeni security guards, Yemen officials said.  Read Full Story
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Israel: DNA matched to mess your dog leaves on the sidewalk News Link  •  Police State
Israel: DNA matched to mess your dog leaves on the sidewalk
9-17-08  •  news.BBC.co.uk 
Officials in an Israeli city have come up with an innovative way of tracking dog owners who allow their pets to foul the streets - DNA analysis.  Read Full Story
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World markets continue to slide amid U.S. woes News Link  •  Economy - International
World markets continue to slide amid U.S. woes
09-17-2008  •  CNN 
LONDON, England (CNN) -- World stock markets were in decline again Tuesday, a day after the collapse of one of the largest investment banks in the U.S. contributed to the worst day on Wall Street in seven years.  Read Full Story
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Reported by: Ernest Hancock
Customers crowd AIG subsidiary in Singapore News Link  •  Economy - International
Customers crowd AIG subsidiary in Singapore
09-17-2008  •  CNN 
SINGAPORE (CNN) -- Hundreds of customers flocked to the Singapore office of troubled insurer American International Group Inc. (AIG) on Wednesday, many hoping to pull their investments and policies from the company.  Read Full Story
Make a Comment   •   Email this News Link   •   Send Letter to Editor
Reported by: Ernest Hancock
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