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Date Sent: 2008-11-12
Freedom's Phoenix Headline News for Wednesday, November 12, 2008
 
Docs linking Iran to nuclear weapons fabricated -- US spec-ops get robot whispercopter kill fleet

Who are the Architects of Economic Collapse? -- Ballot security could be issue in Minn. recount -- Fed Takes Step Into New Territory: Buying Distressed Assets -- Deutsche Bank sees GM stock shares as worthless -- Lauren Canario sentenced jail for disorderly conduct -- Consumer spending worries send stocks lower -- 9th Circuit To Hear Oral Argument in Roadblock Lawsuit -- Federal Reserve Now Wants to Control Credit Default Swap Market -- Election Director Storms off When Questioned About Diebold -- Jim Rogers: Global Markets Have Yet to 'Bottom' After Rout -- Obama's Bailout Bunch Brings Us More of the Same - Change We Can Believe In? -- Homebuilder Toll Brothers: Record Low Homebuyer Demand -- Are the Markets Warning of a US Debt Default? -- Bubble-States Awash in Negative-Equity -- Will the NY Times sink below the waves in 2009 -- The Making of an Insurgent -- Oil falls over 4 percent (and under $60) -- America Goes Left: A Button Away To Nuclear War ! - Edwin Sumcad -- Prescription Drugs Kill 300 Percent More Americans than Illegal Drugs AZ: This Morning, Come Watch Maricopa Co. Libertarian Party sue Maricopa Co. Recorder, Helen Purcell
 

Who are the Architects of Economic Collapse? News Link  •  Economy - Economics USA
Who are the Architects of Economic Collapse?
11-11-2008  •  Global Economic Research 
An absurd circular relationship: To finance the bailout, Washington must borrow from the banks, which are the recipients of the bailout. The US administration is financing its own indebtedness.  Read Full Story
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Reported by: Powell Gammill
Fed Takes Step Into New Territory: Buying Distressed Assets News Link  •  Economy - Economics USA
Fed Takes Step Into New Territory: Buying Distressed Assets
11-11-2008  •  Wall Street Journal 
The Federal Reserve's role in the new rescue package for American International Group looks like a important step by the nation's central bank toward buying distressed assets, something it has tried to avoid doing throughout the financial cr  Read Full Story
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Reported by: Powell Gammill
Ballot security could be issue in Minn. recount News Link  •  Voting - Election Integrity
Ballot security could be issue in Minn. recount
11-11-2008  •  AP 
St. Louis County keeps election ballots in the courthouse attic. Anoka County keeps them locked in the basement. Hennepin County relies on its cities to keep ballots safe.  Read Full Story
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Reported by: Powell Gammill
The ALLied invasion of Cato News Link  •  Philosophy: Libertarianism
The ALLied invasion of Cato
11-11-2008  •  RadGeek 
A fine introductory essay on left-libertarianism, and left-libertarian takes on corporatism, the alliance of big government and big business, class, and vulgar libertarian conflation of freed markets with actually-existing capitalism. Cover the world  Read Full Story
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Reported by: Powell Gammill
The rising cost of the bailout News Link  •  Economy - Economics USA
The rising cost of the bailout
11-11-2008  •  BailoutSleuths 
Although the price tag on the Treasury Department's Troubled Asset Relief Program is $700 billion, the full amount that the government has invested in its rescue effort for struggling financial institutions appears to be closer to $2.5 trillion.  Read Full Story
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Reported by: Powell Gammill
Deutsche Bank sees GM stock shares as worthless News Link  •  Transportation
Deutsche Bank sees GM stock shares as worthless
11-11-2008  •  MarketWatch 
A Deutsche Bank analyst on Monday downgraded shares of General Motors Corp. to sell from hold, saying the automaker was on the path to bankruptcy before the end of the year unless the U.S. government agrees to a bailout.  Read Full Story
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Reported by: Powell Gammill
Free State Project Lauren Canario sentenced jail for disorderly conduct News Link  •  Activism
Free State Project Lauren Canario sentenced jail for disorderly conduct
11-11-2008  •  Blog of bile 
Kat Kanning called in reporting that the judge compared Lauren Canario to Carl Drega and sentenced her to the maximum sentence, 30 days in jail. She will be in Strafford County Jail. It’s unclear why the judge made such a comparison.  Read Full Story
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Reported by: Powell Gammill
R.I.P. Duanna Johnson News Link  •  Law Enforcers or Peace Officers
R.I.P. Duanna Johnson
11-11-2008  •  RadGeek 
Memphis police identified the body of transgender woman Duanna Johnson lying in the street near Hollywood and Staten Avenue early this morning. Johnson was the victim of a Memphis police brutality case this summer when a video of former officer  Read Full Story
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Reported by: Powell Gammill
US spec-ops get robot whispercopter kill fleet this month News Link  •  Military
US spec-ops get robot whispercopter kill fleet this month
11-11-2008  •  The Register 
US Special Operations Command secret military forces are receiving their first robotic whisper-mode helicopters. The you-never-saw-us-we-aren't-even-here brigade will receive 10 Boeing A160T "Hummingbird" droid kill-choppers  Read Full Story
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Reported by: Powell Gammill
Drunken politician pisses on the crowd News Link  •  Legislative Mischief
Drunken politician pisses on the crowd
11-11-2008  •  James Bovard 
A City Council member from Jersey City was arrested over the weekend after patrons at a Northwest Washington nightclub complained that someone had urinated on them from the balcony, according to police and media reports.  Read Full Story
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Reported by: Powell Gammill
Another AIG Resort News Link  •  Economy - Economics USA
Another AIG Resort "Junket": Top Execs Caught on Tape
11-11-2008  •  ABC News video 
Even as the company was pleading the federal government for another $40 billion dollars in loans, AIG sent top executives to a secret gathering at a luxury resort in Phoenix last week.  Read Full Story
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Reported by: Powell Gammill
Consumer spending worries send stocks lower News Link  •  Economy - Economics USA
Consumer spending worries send stocks lower
11-11-2008  •  AP 
Wall Street got another dose of painful reality Tuesday and sent stocks diving as investors recognized that few industries are safe from the consumer spending slump " whether they're building homes, making cars or selling coffee. The Dow Jones in  Read Full Story
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Reported by: Powell Gammill
Documents linking Iran to nuclear weapons push may have been fabricated News Link  •  Iran
Documents linking Iran to nuclear weapons push may have been fabricated
11-11-2008  •  Rawstory 
The International Atomic Energy Agency has obtained evidence suggesting that documents which have been described as technical studies for a secret Iranian nuclear weapons-related research program may have been fabricated.  Read Full Story
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Reported by: Powell Gammill
Obama May Keep Bush Family Puppet Robert Gates at Defense Department News Link  •  Obama Administration
Obama May Keep Bush Family Puppet Robert Gates at Defense Department
11-12-08  •  Antiwar.com 
Obama’s aides continue to try to stifle hopes for the radical policy changes that were a cornerstone of his sweeping electoral victory, the surest sign thus far that little is going to change are reports that he may ask Secretary of Defense Robert Ga  Read Full Story
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Reported by:
9th Circuit To Hear Oral Argument in Roadblock Lawsuit Feature Article  •  Arizona's Top News
9th Circuit To Hear Oral Argument in Roadblock Lawsuit
Terry Bressi
   For those of you who have been following my five year civil rights lawsuit regarding my encounter at an illegal joint task force roadblock, the 9th Circuit Court of Appeals has agreed to review the case and has scheduled oral argument in front of a t
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Justin Raimondo: The Audacity of Hype - Dissent in the 
Age of Obama

News Link  •  Obama Administration
Justin Raimondo: The Audacity of Hype - Dissent in the Age of Obama
11-12-08  •  Antiwar.com 
Because if it's only Republicans who object to this militaristic scheme to solve the unemployment problem by outfitting the out-of-work with spiffy new uniforms, then we're really in a lot more trouble than even I imagined.  Read Full Story
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Imagine That: Federal Reserve Now Wants to Control Credit Default Swap Market News Link  •  Federal Reserve
Imagine That: Federal Reserve Now Wants to Control Credit Default Swap Market
11-11-08  •  Bloomberg.com 
An announcement of the regulatory structure could come by the end of the week when President George W. Bush hosts a gathering of world leaders in Washington to discuss ways to fix the financial crisis, said one of the people who has read a draft of t  Read Full Story
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Reported by:
UNAIRED NETWORK VIDEO: Election Director Storms off When Questioned About Diebold News Link  •  Voting - Election Integrity
UNAIRED NETWORK VIDEO: Election Director Storms off When Questioned About Diebold
11-11-2008  •  Bradblog.com 
The remarkable, never-before-seen video follows (appx 6:45 mins)...  Read Full Story
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Reported by: Ernest Hancock
Jim Rogers: Global Markets Have Yet to `Bottom' After Rout News Link  •  Economy - Economics USA
Jim Rogers: Global Markets Have Yet to `Bottom' After Rout
11-11-08  •  Bloomberg.com 
Markets have yet to ``bottom'' while bond markets will be ``terrible'' for the next decade, Rogers, chairman of Singapore- based Rogers Holdings, said at a conference in Seoul today. Economic ``problems'' may persist until 201  Read Full Story
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Obama's Bailout Bunch Brings Us More of the Same - Change We Can Believe In? News Link  •  Obama Administration
Obama's Bailout Bunch Brings Us More of the Same - Change We Can Believe In?
11-11-08  •  Bloomberg.com 
Take a good look at some of the 17 people our nation's president-elect chose last week for his Transition Economic Advisory Board. And then try saying with a straight face that these are the leaders who should be advising him on how to navigate t  Read Full Story
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Reported by:
Homebuilder Toll Brothers: Record Low Homebuyer Demand News Link  •  Economy - Economics USA
Homebuilder Toll Brothers: Record Low Homebuyer Demand
11-11-08  •  CalculatedRisk.blogspot.com 
The crisis contributed to pushing up cancellations and drove homebuyer confidence and the company's traffic and demand to record lows, the CEO said, pointing to "accelerating fears of job losses, a large decline in consumer spending, a signi  Read Full Story
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Reported by:
Major Las Vegas Mall Owners Warn of Possible Default News Link  •  Economy - Economics USA
Major Las Vegas Mall Owners Warn of Possible Default
11-11-08  •  CalculatedRisk.blogspot.com 
Ailing mall owner General Growth has $900 million in debt coming due Nov. 28 on two luxury malls on the Las Vegas strip. It has another $58 million in bonds due on Dec. 1.  Read Full Story
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Option ARM specialist Downey Financial may fail News Link  •  Economy - Economics USA
Option ARM specialist Downey Financial may fail
11-11-08  •  Reuters.com 
Downey Financial Corp (DSL.N: Quote, Profile, Research, Stock Buzz), one of the largest specialists in "option" adjustable-rate mortgages, said on Monday its survival was in doubt because it may fail to raise enough capital to satisfy its r  Read Full Story
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Thinking the Unthinkable: Are the Markets Warning of a US Debt Default? News Link  •  Federal Reserve
Thinking the Unthinkable: Are the Markets Warning of a US Debt Default?
11-11-08  •  jessescrossroadscafe.blogspot.com 
But few things are inevitable. The world may choose to create a one world currency, under the control of the Fed and the Central Banks, which is a prelude to One World Government. This would be one way to extend the existence of a fiat regime.  Read Full Story
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FAIL: One Word For Them All News Link  •  Economy - Economics USA
FAIL: One Word For Them All
11-11-08  •  Market-Ticker.denninger.net 
If the plates fall we are going to have a very serious "event" in this country in the markets and in the economy - much worse than what we've seen to date. As in 10 million jobs lost almost all at once. A depression. A new leg down i  Read Full Story
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The Gray Lady: Will the NY Times sink below the waves in 2009 News Link  •  Media: Print
The Gray Lady: Will the NY Times sink below the waves in 2009
11-11-08  •  scholarsandrogues.com 
Consider numbers we can all understand: In 2002, The Times’ stock price hit nearly $53. On Monday, the last line of a Forbes.com story relayed this telling stat: “Shares in the Times company fell 59 cents, or 6.3 percent, to $8.73 in mid-afternoon tr  Read Full Story
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Bubble-States Awash in Negative-Equity News Link  •  Economy - Economics USA
Bubble-States Awash in Negative-Equity
11-11-08  •  MrMortgage.ml-implode.com 
One of my primary arguments that the foreclosure crisis has a long way to go has to do with to the massive amount of negative equity in the hardest hit, most populated ‘bubble states’. The very states that added so much to the great wealth effect.  Read Full Story
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News Link  •  Federal Reserve
Fed Defies Transparency Aim in Refusal to Disclose (Update2)
11-10-2008  •  Bloomberg.com via DailyPaul.com 
The Federal Reserve is refusing to identify the recipients of almost $2 TRILLION (!) of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.  Read Full Story
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Reported by: Ed Vallejo
The Making of an Insurgent News Link  •  Military
The Making of an Insurgent
11-11-2008  •  http://www.stuartarchercohen.com 
We all complain about politics, but have you ever wondered what makes a person pick up a gun and start violently resisting the government? That was one of the questions I wanted to answer when I started writing The Army of the Republic.  Read Full Story
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Reported by: Stuart Archer Cohen
UPDATE - USA TODAY Letter to Obama: Prove Citizenship or Withdraw News Link  •  Constitution
UPDATE - USA TODAY Letter to Obama: Prove Citizenship or Withdraw
11-11-2008  WTP Foundation needs your help to run a full-page ad in USA TODAY challenging Obama to produce proof of his eligibility to hold the office of President. Despite significant questions and evidence, Obama has remained silent.  Read Full Story
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Reported by: Bob Schulz
UPDATE 4: Maricopa Co. Libertarian Party sue Maricopa Co. Recorder, CONTINUED Feature Article  •  Events: Arizona
UPDATE 4: Maricopa Co. Libertarian Party sue Maricopa Co. Recorder, CONTINUED
Powell Gammill
   We're scheduled for our hearing to continue, Thursday at 10:00 am in Judge Burke's court, in the Old Court House across the street, courtroom 101."
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NWO: The world’s expanding top table News Link  •  Economy - International
NWO: The world’s expanding top table
11-11-2008  •  Reuters 
This week’s Washington summit of 20 nations, called to discuss reforming the international financial system and avert a further worsening of the credit crisis that began in the United States, sets a precedent for a new international order.  Read Full Story
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Reported by: Powell Gammill
Oil falls over 4 percent (and under $60) as economic gloom darkens News Link  •  Economy - International
Oil falls over 4 percent (and under $60) as economic gloom darkens
11-11-2008  •  Reuters 
U.S. light, sweet crude for December delivery fell $2.74, or 4.4 percent, to $59.66 a barrel by 7:38 a.m. EST. London ICE Brent crude fell $2.56, or 4.35 percent, to $56.52.  Read Full Story
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Reported by: Powell Gammill
4,300-year-old pyramid discovered in Egypt News Link  •  Anthropology
4,300-year-old pyramid discovered in Egypt
11-11-2008  •  Reuters 
Egyptian archaeologists have discovered a pyramid buried in the desert and thought to belong to the mother of a pharaoh who ruled more than 4,000 years ago. The pyramid, probably housed the remains of Queen Sesheshet, the mother of King Teti, who rul  Read Full Story
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Reported by: Powell Gammill
America Goes Left: A Button 
Away To Nuclear War !
Opinion  •  WAR: About that War
Straight Light
America Goes Left: A Button Away To Nuclear War !
11/11/08
Edwin Sumcad
   The fear of change about to take place in America makes us cliffhangers of threatening expectations. The coming of the Antichrist is now the talk of the town.
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AIG's lords and lady of the hunt News Link  •  Welfare: Corporate
AIG's lords and lady of the hunt
NY Daily News 
Four top AIG executives flipped U.S. taxpayers the bird by spending $86,000 on a partridge hunt at an English country manor as the feds gave their struggling firm billions to stay afloat.  Read Full Story
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Reported by: Found Zero
Opinion  •  Scott Horton Show at Antiwar Radio
Antiwar Radio: Michael Scheuer and Gareth Porter
11-11-2008
Brent Burk
  
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Prescription Drugs Kill 300 Percent More Americans than Illegal Drugs News Link  •  Drug War
Prescription Drugs Kill 300 Percent More Americans than Illegal Drugs
11-11-08  •  rinf.com/alt-news 
An analysis of 168,900 autopsies conducted in Florida in 2007 found that three times as many people were killed by legal drugs as by cocaine, heroin and all methamphetamines put together. According to state law enforcement officials...  Read Full Story
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