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Date Sent: 2008-10-17
Freedom's Phoenix Headline News for Friday, October 17, 2008

Dow ends up 401 in another stunning Up-turn -- Total Bailout Cost Heads Toward $5 Trillion

Peter Schiff vs. Mark Zandi on the state of the economy -- Russian Banking System Teetering -- GM rushes to merge with Chrysler before earnings report -- McCain talks economy with Hillary -- Nogales, Mexico added to places unsafe for Americans -- Social Security benefits going up by 5.8% -- Shiite split could complicate US Iraq security pact -- Crisis spreads to Eastern Europe -- NAHB Home Builders Confidence Falls to a New Record Low -- "Don't Blame Capitalism" - by Peter Schiff -- Third-Party Presidential Debate Sunday -- Would a New Bretton Woods Agreement Lead to Gold Confiscation? -- Gold lower amid commodities sell-off -- Merrill Lynch Won't Discuss Lehman Brothers Exposure -- Oil price hits 15-month low under $68 -- China vows to help Pakistan tackle economic woes -- Switzerland to take on $60 billion of UBS assets -- Obama Legacy: Voters in Illinois Disenfranchised to win State Senate Seat -- Rep. John SShadegg no show to the debate -- Reviewing Zionism, Militarism, and the Decline of US Power - by Stephen Lendman -- Biden: Low Number of Supporters at Recent Ohio Biden Rallies -- Blaine Border Patrol deputy chief accused of raping teen -- Fear and loathing over economy spreads -- Stocks Fall in Europe, Asia on Economy Concern; Nokia, TNT Drop -- Judge Refuses To Dismiss Lawsuit Against ATF

News Link • Economy - Economics USA
Peter Schiff vs. Mark Zandi on the state of the economy
10-16-08 • FinancialTube.com/video
Mark Zandi proves once again that he is clueless when it comes to nature of the Bailout and day of reckoning our economy will soon face. Read Full Story
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Reported by:

News Link • Economy - International
Russian Banking System Teetering, Accelerated Withdrawals Underway
10-16-08 • NakedCapitalism.com
Tatyana Sadovskaya, on Wednesday told Interfax news agency that in response to rumours of her bank’s insolvency: “People have formed long lines at cashiers and at bankomats, people are taking their deposits and closing their accounts.” Read Full Story
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Reported by:

News Link • Economy - Economics USA
Dow ends up 401 in another stunning Up-turn
10-16-2008 • AP
A stock market as difficult to fathom as it is volatile pulled off another stunning U-turn on Thursday, transforming a 380-point loss for the Dow Jones industrials into a 401-point gain. Was it the government's bailout beginning to have an effect Read Full Story
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Reported by: Powell Gammill

News Link • Homeland Security
Homeland Security to use photo radar to track drivers nationwide
10/16/2008 • Daily Newscaster
Homeland Security to use a surveillance network of photo radar cameras to track your vehicle from state to state. Read Full Story
Make a Comment • Email this News Link • Send Letter to Editor

Reported by: D. H. Williams

News Link • Economy - Economics USA
GM be in a rush to merge with Chrysler before it reports earnings on Nov. 1st?
10-16-08 • CalculatedRisk.blogspot.com
It sounds like the banks that still own Chrysler pier loans are pushing this deal. (Pier loans are bridge loans that couldn't be sold). Read Full Story
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Reported by:

Feature Article  • Revolutions, Rebellions & Uprisings
RON PAUL 4409 -- Photo Radar Scam PROOF ON VIDEO!
Forty Four O Nine
   Redflex / ATS and other photo radar scams are running amuck and are doing so to steal YOUR labor. Why work for it when you can just steal it from the people!
Make a Comment   •   Email this Article   •   Send Letter to Editor

News Link • Media: Television
Torturing Democracy
10-16-2008 • PBS
Here's a documentary that will not be aired until after Bush leaves office. Here you can get a glimpse of it beforehand. Mind you, democracy is no damn good, but anything that mocks this joke of an adminstration is OK in my books. Read Full Story
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Reported by: Jean Carbonneau

News Link • Eugenics
McCain talks economy with Hillary
10-16-2008 • www.politico.com
This was no social call, even though Clinton likes McCain enough to keeps his photo on the wall of her Senate office. The GOP nominee had already chatted with Bill Clinton and wanted to pick the senator’s brain Read Full Story
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Reported by: Ernest Hancock

News Link • Foreign Policy
Mexican city of Nogales added to US travel alert
10-16-2008 • lasvegassun.com
The U.S. State Department has added the border city of Nogales to its list of places in Mexico where American travelers should be wary because of increasing violence. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - Economics USA
Social Security benefits going up by 5.8 percent
10-16-2008 • AP
[Election time] Social Security benefits for 50 million people will go up 5.8 % next year, the largest increase in more than a quarter century. The increase will start in January, will mean an additional $63 per month for the average retiree. Read Full Story
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Reported by: Powell Gammill

News Link • WAR: About that War
Shiite split could complicate US Iraq security pact
10-16-2008 • aP
A looming split between 2 Shiite parties that dominate Iraq's government threatens efforts to win parliamentary approval for a security pact with the US and could set the stage for a major struggle for power in the oil-rich Shiite southern heartl Read Full Story
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Reported by: Powell Gammill

News Link • Economy - International
Crisis spreads to Eastern Europe as Ukraine, Hungary and Serbia call IMF
10-16-08 • Telegraph.co.uk/
The credit default swaps (CDS) for Argentina, Pakistan, and Ecuador are flashing warnings of insolvency, while the Baltic States, Romania, Bulgaria, and Turkey are at risk as it becomes harder to finance current account deficits. Read Full Story
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Reported by:

News Link • Precious Metals
Gold Primer
10-16-2008 • www.wscleary.com
Introduction of the Federal Reserve in 1913 - In 1933, President Roosevelt made it illegal for US citizens to own gold - The Bretton Woods Agreement - Pres. Nixon reneged on the Bretton Woods Agreement in 1971 and "closed the gold window" Read Full Story
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Reported by: Ernest Hancock

News Link • MEDIA (MainStreamMedia - aka MSM)
Obama Medical Records: MSM’s Don’t Ask, Obama’s Don’t Tell Policy
10-16-2008 • Mondo
In May, the MSM demanded access John McCain’s medical records. Yet, less than three weeks before the election, the Obama campaign still refuses to release medical records�"and the MSM’s refuses to ask for them. What’s in the Obama medical records the Read Full Story
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Reported by: Randy Ricochet

News Link • Economy - Economics USA
NAHB Home Builders Confidence Falls to a New Record Low
10-16-08 • CalculatedRisk.blogspot.com
Every region posted declines in builder confidence in October, with four-point declines recorded in the Northeast and South, to 17 and 16, respectively, a three-point decline to 10 registered for the West, and a one-point decline to 14 posted in the Read Full Story
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Reported by:

News Link • Eugenics
Funny Photo of John McCain After the Debate Last Night
10-16-08 • news.yahoo.com/s/
US Republican presidential nominee Senator John McCain (R-AZ) reacts to almost heading the wrong way off the stage after shaking hands with Democratic presidential nominee Senator Barack Obama (D-IL) at the conclusion of the final presidential debate Read Full Story
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Reported by:

News Link • Federal Reserve
Factbox: The financial system established at the first Bretton Woods meeting
10-16-08 • Reuters.com
"Today the dollar is the currency of Bretton Woods, but now it could be that there will be other combinations," Italian Economy Minister Giulio Tremonti said. Read Full Story
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Reported by:

News Link • Conspiracies
Would a New Bretton Woods Agreement Lead to Gold Confiscation?
10-16-08 • FXstreet.com/news
Sarkozy said he will travel to the U.S. to meet President George W. Bush in the coming days and said E.U. leaders want a broader summit focused on the global financial system to take place before the end of November. Read Full Story
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Reported by:

News Link • Eugenics
Still to Come, the Third-Party Debate
10-16-2008 • New York Times
The only question mark is Bob Barr, the Libertarian Party candidate. Mr. Barr has made it clear that he will only debate Mr. Nader and no one else. Read Full Story
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Reported by: Ernest Hancock

News Link • Transportation: Air Travel
Southwest Airlines posts 1st loss in 17 years
10-16-2008 • By DAVID KOENIG, AP Business Writer
DALLAS - Southwest Airlines Co. lost money for the first time in 17 years as falling oil prices forced the company to write down the value of its fabled fuel-hedging transactions in the third quarter. Read Full Story
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Reported by: Ernest Hancock

News Link • Federal Reserve
Total Bailout Cost Heads Toward $5 Trillion
10-16-08 • InfoWars.net
The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure. Read Full Story
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Reported by:

News Link • Precious Metals
Gold lower amid commodities sell-off
10-16-2008 • Business Day .au
Gold could still hit $US1000 by the end of this year due to a disconnect between record demand for physical bullion products and weaker gold futures on long liquidation Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
"Don't Blame Capitalism" - by Peter Schiff
10-16-2008 • Peter Schiff - Washington Post
Just as prices in a free market are set by supply and demand, financial and real estate markets are governed by the opposing tension between greed and fear. Our leaders irrationally promoted home-buying, discouraged savings, and recklessly... Read Full Story
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Reported by: Ernest Hancock

News Link • Eugenics
Obama Legacy: Voters in Illinois Disenfranchised to win State Senate Seat
10-16-2008 • Ginn
Fact: Obama sued his way onto the ILL State Senate Democratic Primary ticket after he called into question voter’s signatures. Fact 2: The Secretary of State of Ohio has revealed she found over 200,000 newly registered voter forms which cannot be ve Read Full Story
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Reported by: Randy Ricochet

News Link • Eugenics
Barack Obama and Saul Alinsky: Chicago Godfather of Community Organizers
10-16-2008 • Crack Emcee
Is Barack Obama following the playbook of Saul Alinsky, the Chicago Godfather of community organizers and his “Eternal War that Must Never End”? Readers can read some of what Alinsky wrote and decide for themselves. Read Full Story
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Reported by: Randy Ricochet

News Link • Eugenics
Biden: Low Number of Supporters at Recent Ohio Biden Rallies
10-16-2008 • Ginn
DBKP took a look at the number of supporters who showed up Biden and Palin rallies in Ohio versus the numbers in recent polls which show Obama has taken the lead in one of the key battleground states. Read Full Story
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Reported by: Randy Ricochet

News Link • Energy
Energy Prices
10-16-2008 • Bloomberg.com
Nymex Crude Future : $72.56/bbl $-1.98 -2.66% 10:38am Read Full Story
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Reported by: Ernest Hancock

News Link • Energy
Oil price hits 15-month low under $68
10-16-2008 • AFP
LONDON (AFP) �" Oil prices slumped further on Thursday, with Brent crude briefly sliding close to 67 dollars a barrel and the lowest level for more than 15 months, as slowing energy demand took its toll, traders said. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - Economics USA
Merrill Lynch Won't Discuss Lehman Brothers Exposure
10-16-2008 • CNNMoney.com
NEW YORK -(Dow Jones)- Merrill Lynch & Co. (MER) dodged analyst questions regarding Lehman Brothers Holdings Inc.'s (LEHMQ) bankruptcy exposure. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
Switzerland to take on $60 billion of UBS assets
10-16-2008 • marketwatch.com
LONDON (MarketWatch) -- The Swiss government on Thursday became the first to take troubled assets off a bank balance sheet, reaching a deal to absorb up to $60 billion in mostly mortgage-related assets from UBS. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - International
UPDATE 1-China vows to help Pakistan tackle economic woes
10-16-2008 • Reuters.com
BEIJING, Oct 16 (Reuters) - China Premier Wen Jiabao pledged to help Pakistan overcome its economic troubles, Chinese state media reported on Thursday, although details of the assistance were not disclosed. Read Full Story
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Reported by: Ernest Hancock

News Link • World News
Britons sentenced to jail in Dubai for beach sex
10-16-2008 • AFP
DUBAI (AFP) �" A Dubai court on Thursday sentenced two Britons to three months in prison to be followed by their deportation for having sex on a beach in the booming Muslim Gulf emirate. Read Full Story
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Reported by: Ernest Hancock

News Link • Economy - Economics USA
DOW JONES INDUSTRIAL AVERAGE INDEX
10-16-2008 • Google Finance
Updated every 3-5 seconds ( at what time will we break below 8000 today? - 10:21am EST $8467.20 ) Read Full Story
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Reported by: Ernest Hancock

Feature Article  • Politics: Republican Campaigns
Rep. John SShadegg no show to the debate
Powell Gammill
   US Congressional District 3 tried to hold a "debate" in a police station auditorium in one of the wealthiest areas of Arizona. Unfortunately the incumbent was very late. But we were there to greet him. (photos)
Make a Comment   •   Email this Article   •   Send Letter to Editor

News Link • Economy - Economics USA
Fear and loathing over economy spreads
10-16-2008 • AP
Fear and loathing is spreading as signs mount that the economy is in danger of losing its balance. And a fresh batch of economic reports due out Thursday is likely to show more problems for the already stumbling economy. Read Full Story
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Reported by: Powell Gammill

News Link • Economy - Economics USA
Losing Las Vegas Shows How Americans Crap Out in Housing Casino
10-16-2008 • Bloomberg
The "main nerve'' of the American dream runs through this desert metropolis, Hunter S. Thompson concluded in his 1971 book, "Fear and Loathing in Las Vegas.'' Leigh Sogoloff, who spends her evenings lap-dancing at Rick's Read Full Story
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Reported by: Powell Gammill

News Link • Economy - International
Stocks Fall in Europe, Asia on Economy Concern; Nokia, TNT Drop
1016-2008 • Bloomberg
Stocks declined in Asia and Europe, with benchmark indexes from Tokyo to Budapest falling more than 4 percent, on growing concern bank bailout plans in the U.S. and Europe will fail to avert a global recession. U.S. index futures were little changed. Read Full Story
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Reported by: Powell Gammill

Feature Article  • Israel - Palestine
Reviewing Zionism, Militarism, and the Decline of US Power
Stephen Lendman
   Zionism and US militarism are corroding America.
Make a Comment   •   Email this Article   •   Send Letter to Editor

News Link • Law Enforcers or Peace Officers
Blaine Border Patrol deputy chief accused of raping teen
10-15-2008 • The Bellingham Herald
The second-highest-ranking official in the U.S. Border Patrol's Blaine sector has been relieved of his duties after admitting to having sex with a 14-year-old girl who was staying in his home as a foster child, authorities said. Read Full Story
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Reported by: Terry Bressi

Feature Article  • Politics: General Activism
Maricopa County L.P. stances on Ballot Propositions
Mike Renzulli
   The Maricopa County Libertarian Party has released its positions on the ballot propositions Maricopa County voters will consider on November 4th
Make a Comment   •   Email this Article   •   Send Letter to Editor

News Link • Law Enforcers or Peace Officers
Judge Refuses To Dismiss Lawsuit Against ATF
10-15-2008 • Santa Rosa's Press Gazette
Kilpatrick was driving her blue van in Pensacola on April 19, 2004, with the slogans “Remember the Children of Waco” and “Boo ATF” written on some of the windows when she was pulled over by police for questioning by the ATF... Read Full Story
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Reported by: Terry Bressi

News Link • Economy - Economics USA
Nikkei Drops Nearly 9% as Recession Fears Kick In
10-16-2008 • Wall Street Journal
The Nikkei 225 Average dropped as much as 10.3% in mid-morning Tokyo trading,... The benchmark was recently down 8.9% at 8699.69, while the broader Topix index shed 7% to 888.50. Read Full Story
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Reported by: Ernest Hancock

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