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Date Sent: 2008-10-16
Freedom's Phoenix Headline News for Thursday, October 16, 2008 |
US Stocks Plunge Most Since Crash of '87 - Dow -733.08 -- Asian Markets Tumble; Nikkei Falls 10%
Drama Behind $250 Billion Banking Deal -- Home Prices Seem Far From Bottom -- Can someone please explain the logic (if there is any) of fuel prices? - by Jason Dimitrov -- Deutsche Bank Sold Massive Amounts of Phantom Stock -- Democrats Mull $300 Billion Stimulus -- France to halt games when anthem is booed -- Oil falls to 13-month low -- GOP rushes to John SShadegg's aid -- Bush Says Taxpayers to Get Back 'Most' of Money in Bank Rescue -- The Banking Crisis: Simple Questions, Simple Answers - by Brock Lorber -- Weak Conditions Seen Across U.S., Fed Report Shows -- What is the "Credit Freeze"? - by Brock Lorber -- Lew Rockwell interviews Peter Klein -- New Bailout Price Tag: $2.25 Trillion Dollars -- Bernanke Says US Economy Won't Rebound 'Right Away' -- Can Microsoft Conquer Cloud Computing? -- Someone Saw the Taxpayer Bank Bailout in March -- Water-Repelling Metals
Oh, there was some debate thingy on last night, but I watched Philli eliminate the Dodgers 5-1 instead.
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News Link • Economy - Economics USA
Drama Behind $250 Billion Banking Deal
10/15/2008
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The New York Times
The chief executives of the U.S.'s nine largest banks were walked into a conference room at the Treasury Department on Monday and were each handed a one-page document that said they agreed to sell stock to the government.
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Reported by:
Mike Renzulli
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News Link • Economy - International
Asian Markets Tumble; Nikkei Falls 10 Percent
10-16-2008
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NY Times
Asian stocks plummeted Thursday, with Tokyo's market plunging more than 10 percent, after another dive on Wall Street as worse-than-expected data about the U.S. economy heightened fears of a global recession.
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Hong Kong shares plunge at open after latest Wall Street tumble
10-16-2008
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CNBC.com
The Hang Seng index opened down 1,095.96 points or 6.85 pct at 14,902.34. The Hang Seng China Enterprises index was down 702.35 points or 8.9 pct at 7,191.71.
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Reported by:
Ernest Hancock
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News Link • Housing
Home Prices Seem Far From Bottom
10-16-2008
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NY Times
In hard-hit areas like California, Florida and Arizona, the grim calculus is the same: More and more homes are going up for sale, but fewer and fewer people are willing or able to buy them.
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Reported by:
Powell Gammill
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News Link • World News
Toxins Found in Russian Rights Lawyer’s Car
10-16-2008
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NY Times
The French police are investigating the discovery of toxic mercury pellets in the car of a human rights lawyer who was taken ill in Strasbourg on Tuesday, a day before pretrial hearings in Moscow into the killing of one of her best-known clients, the
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Reported by:
Powell Gammill
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News Link • Economy - International
Deutsche Bank Sold Massive Amounts of Phantom Stock
10-15-08
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deepcapture.com
In other words, Deutsche Bank’s traders were selling phantom stock, and it appears that they were doing this systematically over the course of the 22 month time period (ending in October 2006) that the NYSE investigated.
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Reported by:
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News Link • Police State
France to halt games when anthem is booed
10-16-2008
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breitbart.com
Any football match in France before which the country's national anthem is booed will now be "immediately stopped", French Sports Minister Roselyne Bachelot said Wednesday after meeting with President Nicolas Sarkozy.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Domestic Policy
Democrats Mull $300 Billion Stimulus
10-16-2008
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Wall Street Journal
The California Democrat envisions a bill that would include new spending on highways and bridges, extended benefits to unemployed workers, aid to cash-strapped states and a tax cut, congressional aides said.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Energy
Oil falls to 13-month low on recession worry
10-16-2008
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Reuters.com
NEW YORK (Reuters) - Oil tumbled on Wednesday, sliding to a 13-month low on expectations that a deepening economic slowdown will cut into already weakening demand.
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Reported by:
Ernest Hancock
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News Link • Revolutions, Rebellions & Uprisings
What to Read While the Junta Consolidates
10-16-2008
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Book Author - Stuart Archer Cohen
A Review of The Army of the Republic by Karen Kwiatkowski - "Cohen has captured an America, literarily and artistically, that parallels what the Ron Paul revolution captured politically just this year."
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
The Godfather Meets the Prisoners' Dilemma
10-15-2008
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Wall Street Journal
As the meeting neared a close, each banker was handed a term sheet detailing how the government would take stakes valued at a combined $125 billion in their banks, and impose new restrictions on executive pay and dividend policies.
Read Full Story
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Reported by:
Brock Lorber
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News Link • Arizona's Top News
GOP rushes to John Shadegg's aid (Democrat now leads in polls)
10-16-2008
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politickeraz.com
WASHINGTON - House and Senate Republicans are rushing to the aid of U.S. Rep. John SShadegg (R-Phoenix), the seven-term congressman who finds himself in a surprisingly difficult fight for re-election.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
U.S. Stocks Plunge Most Since Crash of `87 - Dow -733.08
10-15-08
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Bloomberg.com
U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the nation out of a recession.
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Reported by:
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News Link • Bush Administration
Bush Says Taxpayers to Get Back `Most' of Money in Bank Rescue
10-15-08
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Bloomberg.com
``We're not going to use taxpayers' money to enrich financiers,'' Bush said today after lunching with local business leaders in Ada, Michigan, a suburb of Grand Rapids.
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Reported by:
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News Link • Politics: General Activism
Nationally-Syndicated Radio Host Mike Gallagher Takes Cheap Shot at Obama's Supporters
10-15-08
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www.glennsacks.com
I've respected conservative nationally-syndicated radio talk show host Mike Gallagher (pictured) for his willingness to take tough stands, such as during the Elian Gonzalez saga in 2000, when Gallagher was one of the few conservatives in the coun
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Reported by:
Glenn Sacks
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News Link • Economy - Economics USA
Weak Conditions Seen Across U.S., Fed Report Shows
10-16-2008
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Wall Street Journal
The gloomy report, prepared ahead of the Fed's October policy-setting meeting and known as the "beige book," shows that regions across the U.S. have taken on a more pessimistic view about the economic outlook.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
Stocks plunge anew as retail sales show steep drop
10-15-2008
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AP
Investors agonizing over a faltering economy sent the stock market plunging all over again today after a disheartening retail sales report convinced Wall Street that a recession, if not already here, is inevitable.
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Reported by:
Powell Gammill
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News Link • World News
Nancy Reagan hospitalized with broken pelvis
10-16-2008
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Reuters.com
LOS ANGELES (Reuters) - Former first lady Nancy Reagan has been hospitalized for treatment of fractures to her pelvis and lower spine suffered in a fall at her home last week, her spokeswoman said on Wednesday.
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Reported by:
Ernest Hancock
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News Link • Eugenics
The Spreadsheet Psychic
10-16-2008
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New York Magazine
Nate Silver is a number-crunching prodigy who went from correctly forecasting baseball games to correctly forecasting presidential primaries"and perhaps the election itself. Here’s how he built a better crystal ball.
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Reported by:
Ernest Hancock
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News Link • World News
Canada's Conservatives return stronger
10-16-2008
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AFP
The ballot was the first in a major economy since the eruption of the worst worldwide financial crisis in almost a century.
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Reported by:
Ernest Hancock
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News Link • Philosophy: Fascism
New Bailout Price Tag: $2.25 Trillion Dollars
10-15-08
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bigpicture.typepad.com
All told, its a massive program that makes my earlier forecast of 2-3Trillion obsolete. New forecast is now double: $4-6 trillion dollars . . .
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Reported by:
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News Link • Revolutions, Rebellions & Uprisings
Do You Hate the State?
10-16-2008
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Murray N. Rothbard via LewRockwell.com
Perhaps the word that best defines our distinction is "radical." Radical in the sense of being in total, root-and-branch opposition to the existing political system and to the State itself.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
Bernanke Says US Economy Won't Rebound `Right Away' (Update3)
10-16-2008
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Bloomberg.com
Oct. 15 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said government efforts to calm financial markets and stem the credit crisis probably won't result in an immediate economic rebound.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Technology: Software
Can Microsoft Conquer Cloud Computing?
10-16-2008
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Technology Review
Microsoft is hoping it can leapfrog the competition yet again, with an operating system dubbed Windows Cloud.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Inventions
Water-Repelling Metals
10-16-2008
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Technology Review
Researchers at GE have come up with a way to treat metals so that they repel water. The extreme water-repelling property, called superhydrophobicity, means that water forms drops on the surface instead of spreading and sticking to it.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Federal Reserve
Crash of 2008: Someone Saw the Taxpayer Bank Bailout in March
3-15-08
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Youtube.com
I watched this 11 part series several months ago and I think it presents a very clear picture of the massive problems we face. The taxpayer bailout of insolvent banks is mentioned about 4 minutes and 45 seconds into the video...
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Reported by:
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News Link • Legislative Mischief
Fla. Congressman said to be involved in 2nd affair
10-15-2008
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AP
Hours after a married congressman addressed a report that he had an affair with a former aide and paid her to keep quiet about it, details of a purported tryst with a second woman surfaced.
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Reported by:
Powell Gammill
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News Link • Foreign Policy
Assassinations replacing car bombs in Iraq
10-16-2008
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Miami Herald
BAGHDAD -- U.S. and Iraqi officials are seeing a shift in violence in Iraq from mass car bombings to assassinations using magnetic bombs, weapons with silencers and bicycle bombs.
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Reported by:
Ernest Hancock
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News Link • WAR: About that War
U.S. agree to let US troops be tried by Iraqis
10-15-2008
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Reuters
Washington and Baghdad have reached a final agreement after months of negotiation on a landmark pact to allow US troops to stay in Iraq until the end of 2011. US troops could be tried in Iraqi court for crimes committed while deployed in Iraq
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Reported by:
Powell Gammill
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News Link • Federal Reserve
Paulson Lacks Leverage to Compel Banks to Put Taxpayer Cash to Work
10-15-08
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Bloomberg.com
``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department...
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Reported by:
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News Link • Philosophy: Fascism
U.S.: Free Nationwide Wi-Fi Network To Censor Political Websites
10-15-08
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PropagandaMatrix.com
This is already the case in major transport hubs across the west as free speech and anything that goes against the establishment grain is classified as "hateful" and is banned.
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Reported by:
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News Link • Arizona's Top News
Video Contradicts MCSO's Version Of Jail Slaying
10-15-2008
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KPHO TV5 (video link)
Recently obtained surveillance video of a jailhouse slaying contradicts the official report from the Maricopa County Sheriff's Office. The surveillance video shows the beating lasted 15 minutes, during which it appears Van Winkle strangled and pu
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Just Stop Paying Your Mortgage
10-15-2008
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Peter Schiff
No one will throw you out. After a few months, or years, of living payment free, you will get a call from a motivated government agent eager to adjust your loan into something affordable.
Read Full Story
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Reported by:
Brock Lorber
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| Tags: freedoms, phoenix, archives, politics, libertarian, alternative, government, freedom |
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