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Date Sent: 2008-11-27
Freedom's Phoenix Headline News for Thursday, November 27, 2008
 
At Least 100 Dead in India Terror Attacks -- China slashes interest rates as panic spreads

Stocks Post Their Fourth Straight Increase -- Afghan Leader Demands Plan For Foreign Forces' Departure -- Warning Boosts Security On N.Y. and D.C. Transit -- Border Agents Begin Using “Long-Range” RFID Scanners on ID Cards -- Roubini: Policies will lead to "much higher real interest rates on public debt" -- Tainted baby formula called safe -- New Cases of Cancer Decline in the U.S. -- State Treasurer: PhotoRadar Cams are Unconstitutional -- How Google Plans to Take Over TV -- NASA Tests the Interplanetary Internet -- Meredith Whitney Says Citigroup, Bank Capital Ratios Will Fall -- Many CFOs Cynical on Banker Bailout Plans -- Roads, skies less full as Thanksgiving rush starts -- Meredith Whitney: Banks will use TARP cash to cover losses over next year -- Barry Ritholtz: ECRI Leading Indicators Fall to Lowest Level Ever -- Bill Fleckenstein: The meddlers can't tame the market -- U.S. Durable Orders Fall Twice as Much as Forecast -- The Bailout Surge - by Ron Paul -- The Armageddon Index: Credit Default Swaps on U.S. Debt -- World War II Cost Less Than The Great Banker Bailout Fraud -- Unemployment Claims: 4-Week Moving Average at 25 Year High -- Paul Volcker Said to Lead New White House Economic Panel -- How Could It Be Worse Than the Great Depression -- Robert Scheer: Obama Chooses Wall Street Over Main Street
 

Stocks Post Their Fourth Straight Increase News Link  •  Economy - Economics USA
Stocks Post Their Fourth Straight Increase
11-27-2008  •  NY Times 
For the first time since last spring, the Dow Jones industrial average and the Standard & Poor’s 500-stock index managed to advance for four consecutive days.  Read Full Story
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Reported by: Powell Gammill
China Postpones Putting to Death Businessman Convicted of Spying News Link  •  China
China Postpones Putting to Death Businessman Convicted of Spying
11-27-2008  •  NY Times 
Word of the apparent delay in Wo Weihan's execution came the same day that the Chinese government carried out a high-profile execution, putting to death Yang Jia, who had been convicted of killing six Shanghai policemen. Yang's case had cause  Read Full Story
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Reported by: Powell Gammill
Food Prices Expected to Keep Going Up News Link  •  Food
Food Prices Expected to Keep Going Up
11-27-2008  •  NY Times 
[but fuel prices are dropping] For more than a year, food manufacturers have been shaving package sizes and raising prices, declaring that they had little choice because of unprecedented increases in the cost of raw ingredients like corn, soybeans an  Read Full Story
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Reported by: Powell Gammill
Afghan Leader Demands Plan For Foreign Forces' Departure News Link  •  WAR: About that War
Afghan Leader Demands Plan For Foreign Forces' Departure
11-27-2008  •  Washington Post 
Afghan President Hamid Karzai has sharply criticized the United States and NATO, demanding a timeline for the withdrawal of foreign forces.  Read Full Story
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Reported by: Powell Gammill
Warning Boosts Security On N.Y. and D.C. Transit News Link  •  TERRORISM
Warning Boosts Security On N.Y. and D.C. Transit
11-27-2008  •  Washington Post 
[Have a nice Thanksgiving, if you don't die!!!!] Holiday travelers in New York and Washington faced heightened security in subway and rail stations after federal authorities warned of "uncorroborated but plausible information" received  Read Full Story
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Reported by: Powell Gammill
At Least 100 Dead in India Terror Attacks Targeting Tourists News Link  •  TERRORISM
At Least 100 Dead in India Terror Attacks Targeting Tourists
11-27-2008  •  NY Times 
Coordinated terrorist attacks struck the heart of Mumbai, India’s commercial capital, on Wednesday night, killing dozens in machine-gun and grenade assaults on at least two five-star hotels, the city’s largest train station, a movie theater and a hos  Read Full Story
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Reported by: Powell Gammill
News Link  •  Identity Theft
Border Agents Begin Using “Long-Range” RFID Scanners on ID Cards
11-26-2008  •  Papers Please 
“By the time a car stops at the Customs booth, the agent will have the photos and information of everyone in the car. If a name is on a watch list or database, the person will be taken in for questioning. The system will be “more efficient,” says Tho  Read Full Story
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Reported by: Terry Bressi
Woman's Craigslist offer ensures plenty at table News Link  •  LOVE
Woman's Craigslist offer ensures plenty at table
11-26-2008  •  Associated Press 
LITTLETON, Colo. (AP) - This time last year, Monique White was living in a motel and looking for work, wishing for the bustling Thanksgivings of her childhood.  Read Full Story
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Reported by: Ernest Hancock
Nuke Blast For Misgivings Feature Article  •  Obama Administration
Nuke Blast For Misgivings " Not Thanksgiving For Obama’s Warlike Cabinet
Edwin Sumcad
   How can Hilary Clinton, the next Secretary of State, honestly serve president-elect Obama she described as a risk to the nation is something turkeys want to know before they get slaughtered on Thanksgiving Day!
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Roubini: Policies will lead to News Link  •  Federal Reserve
Roubini: Policies will lead to "much higher real interest rates on public debt"
11-26-08  •  CalculatedRisk.blogspot.com 
At this rate of contraction as revealed by the latest data it would not be surprising if fourth quarter GDP were to fall at an annualized rate of 5-6%.  Read Full Story
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Reported by:
Your Wishes Can Change the World Feature Article  •  Constitution
Your Wishes Can Change the World
Melinda Pillsbury-foster
   You can enact change. To do so you need the right tools. Endless rhetoric is a dead end, instead focus yourself on your own life, the community where you live, and on being the change. And don't forget to savor the cookies this Christmas
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Tainted baby formula called safe News Link  •  Food
Tainted baby formula called safe
11-26-2008  •  Associated Press 
Traces of the industrial chemical melamine have been detected in samples of top-selling U.S. infant formula, but the FDA insists the products are safe despite having said last month that it was unable to identify any melamine exposure level as safe f  Read Full Story
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Reported by: Trouser Chili
New Cases of Cancer Decline in the U.S. News Link  •  Health and Physical Fitness
New Cases of Cancer Decline in the U.S.
11-26-2008  •  New York Times 
The incidence of new cancer cases has been falling in recent years in the United States, the first time such an extended decline has been documented, researchers reported Tuesday.  Read Full Story
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Reported by: Ernest Hancock
14 News Link  •  Humor
14 "WIRED" Reasons to Be Grateful This Thanksgiving
11-26-2008  •  Wired Magazine 
Taking pause amid this best-of-times, worst-of-times autumn, pop-culture pilgrims have reason to rejoice this Thanksgiving.  Read Full Story
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Reported by: Ernest Hancock
Give Thanks? Science Supersized Your Turkey Dinner News Link  •  Food
Give Thanks? Science Supersized Your Turkey Dinner
11-26-2008  •  Wired 
Your corn is sweeter, your potatoes are starchier and your turkey is much, much bigger than the foods that sat on your grandparents' Thanksgiving dinner table.  Read Full Story
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Reported by: Ernest Hancock
DARPA Urban Challenge (Robot Cars) News Link  •  Robots and Artificial Intelligence
DARPA Urban Challenge (Robot Cars)
11-26-2008  •  Technology Review 
MIT's robotic car is headed to California to compete in DARPA's upcoming Urban Challenge. (Terminators to get their own cars)  Read Full Story
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Reported by: Ernest Hancock
Roll Out! Janet Orders Vans Every 20 Miles News Link  •  Arizona's Top News
Roll Out! Janet Orders Vans Every 20 Miles
11-26-2008  •  CameraFRAUD.com 
Janzilla has done it again. She ordered 42 mobile ticketing units stationed every twenty miles on Interstates 10 and 40 over the Thanksgiving weekend. An out of state driver could end up paying over $3700 in fines.  Read Full Story
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Reported by: Camera FRAUD
State Treasurer: Cams are Unconstitutional News Link  •  Arizona's Top News
State Treasurer: Cams are Unconstitutional
11-26-2008  •  CameraFRAUD.com 
Another top elected official in Arizona has spoken out against photo radar in response to increasingly vocal resistance from the driving public. State Treasurer Dean Martin...  Read Full Story
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Reported by: Camera FRAUD
News Link  •  Media: Television
How Google Plans to Take Over TV
11-26-2008  •  Technology Review 
working with credit-reporting company Equifax Google offer shows to advertisers that can target people with household incomes greater than $100,000. it certainly won't be possible to target specific households (YET!)  Read Full Story
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Reported by: Ernest Hancock
How Cells Age News Link  •  Science, Medicine and Technology
How Cells Age
11-26-2008  •  Technology Review 
Parallels between mice and yeast uncover a potentially universal mechanism of aging.  Read Full Story
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Reported by: Ernest Hancock
Meredith Whitney Says Citigroup, Bank Capital Ratios Will Fall News Link  •  Economy - Economics USA
Meredith Whitney Says Citigroup, Bank Capital Ratios Will Fall
11-26-2008  •  Bloomberg.com 
Nov. 26 (Bloomberg) -- Capital ratios at Citigroup Inc. and other U.S. banks will fall and the government’s cash injections just “plug holes” in the companies’ balance sheets, Oppenheimer & Co.’s Meredith Whitney said.  Read Full Story
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Reported by: Ernest Hancock
Many CFOs Cynical on Banker Bailout Plans News Link  •  Economy - Economics USA
Many CFOs Cynical on Banker Bailout Plans
11-26-2008  •  CNBC.com 
The top financial officers of Corporate America seem to have some doubts about whether the money being earmarked by the federal government to bail out banks will be used wisely, according to a survey.  Read Full Story
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Reported by: Ernest Hancock
Roads, skies less full as Thanksgiving rush starts News Link  •  Transportation: Air Travel
Roads, skies less full as Thanksgiving rush starts
11-26-2008  •  Breitbart.com 
Even though gas prices fell and airlines offered last-minute deals, many Americans appeared to be skipping trips this year. San Francisco resident Sharon McKellar called the Miami airport "shockingly quiet" after flying in overnight to visi  Read Full Story
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Reported by: Ernest Hancock
Meredith Whitney: Banks will use TARP cash to cover losses over next year News Link  •  Federal Reserve
Meredith Whitney: Banks will use TARP cash to cover losses over next year
11-26-08  •  CNBC.com/ 
"We argue that the effects of these rule changes will require the banks to use up a meaningful portion of their TARP capital to build reserves for credit card losses in 2009.''  Read Full Story
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Reported by:
China slashes interest rates as panic spreads News Link  •  Economy - International
China slashes interest rates as panic spreads
11-26-08  •  telegraph.co.uk/news 
The People's Bank of China cut interest rates by more than 1pc point as the economy crumbles and millions of jobs are predicted to go ahead of Christmas.  Read Full Story
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Reported by:
Meet The New Boss, Same As The Old Boss News Link  •  Obama Administration
Meet The New Boss, Same As The Old Boss
11-26-2008  •  www.fitsnews.com 
Is it just us or is the American response to the “global financial crisis” starting to sound a lot like that song by The Who?  Read Full Story
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Reported by: Ernest Hancock
Barry Ritholtz: ECRI Leading Indicators Fall to Lowest Level Ever News Link  •  Economy - Economics USA
Barry Ritholtz: ECRI Leading Indicators Fall to Lowest Level Ever
11-26-08  •  ritholtz.com/blog/ 
One of the questions I seem to be getting all the time is “When is this recession going to end?”   Read Full Story
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Reported by:
Bill Fleckenstein: The meddlers can't tame the market News Link  •  Economy - Economics USA
Bill Fleckenstein: The meddlers can't tame the market
11-26-08  •  articles.moneycentral.msn.com 
When government knuckleheads interfere with capitalism, you can bet the law of unintended consequences will be quick to rear its head.  Read Full Story
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Reported by:
U.S. Durable Orders Fall Twice as Much as Forecast News Link  •  Economy - Economics USA
U.S. Durable Orders Fall Twice as Much as Forecast
11-26-08  •  Bloomberg.com 
Orders for U.S. durable goods fell twice as much as forecast in October as the credit freeze deepened and sales tumbled.  Read Full Story
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Reported by:
Bush’s Follies Will Destroy Obama If He Lets Them News Link  •  Obama Administration
Bush’s Follies Will Destroy Obama If He Lets Them
11-26-08  •  TruthDig.com 
All this must be resisted if Obama is to be his own man. He has to rid himself of George Bush’s folly. He must make Iraq truly independent. If he doesn’t, it could destroy his administration.  Read Full Story
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Reported by:
October New Home Sales: Lowest Since 1982: Off 40 Percent From 2007 News Link  •  Economy - Economics USA
October New Home Sales: Lowest Since 1982: Off 40 Percent From 2007
11-26-08  •  CalculatedRisk.blogspot.com 
Sales of new one-family houses in October 2008 were at a seasonally adjusted annual rate of 433,000. This is 5.3 percent below the revised September of 457,000 and is 40.1 percent below the October 2007 estimate of 723,000.  Read Full Story
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Reported by:
The Bailout Surge<p>by Ron Paul Feature Article  •  Economy - Economics USA
The Bailout Surge

by Ron Paul
Powell Gammill
   It seems that eventually the entire economy is going to be blanketed over with Federal Reserve notes. Most in Washington are completely oblivious as to why this model of money creation and spending is so dangerous.
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The Armageddon Index: Credit Default Swaps on U.S. Debt News Link  •  Federal Reserve
The Armageddon Index: Credit Default Swaps on U.S. Debt
11-26-08  •  FTalphaville.ft.com/blog 
And so we announce the inauguration of the FT Alphaville Armageddon Index: of US corporations supposedly less likely to default than the US government.  Read Full Story
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Reported by:
Fauxtography For Dummies: Use PhotoShop, Catch Criminals News Link  •  Criminal Justice System
Fauxtography For Dummies: Use PhotoShop, Catch Criminals
11-26-2008  •  Rhonda R Shearer 
An interview with Jim Hoerricks, LAPD, On Forensic Photography about using Adobe PhotoShop to catch criminals. Photoshop, P.I.?  Read Full Story
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Reported by: Randy Ricochet
World War II Cost Less Than The Great Banker Bailout Fraud News Link  •  Federal Reserve
World War II Cost Less Than The Great Banker Bailout Fraud
11-26-08  •  immobilienblasen.blogspot.com 
The $4.6165 trillion dollars committed so far is about a trillion dollars ($979 billion dollars) greater than the entire cost of World War II borne by the United States: $3.6 trillion, adjusted for inflation (original cost was $288 billion). WWII was  Read Full Story
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Reported by:
Volcker to Head Board of Economic News Link  •  Obama Administration
Volcker to Head Board of Economic "Experts"
11-26-2008  •  CNN 
President-elect Barack Obama on Wednesday will announce that Former Fed Chairman and Trillateral Commission member Paul Volcker will head a new economic recovery board, two sources close to the transition team tell CNN.  Read Full Story
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Reported by: Trouser Chili
Weekly Initial Unemployment Claims: 4-Week Moving Average at 25 Year High News Link  •  Economy - Economics USA
Weekly Initial Unemployment Claims: 4-Week Moving Average at 25 Year High
11-26-08  •  CalculatedRisk.blogspot.com 
The four moving average is at 518,000 - above the highest levels of the '91 and '01 recessions, and the highest level since 1983  Read Full Story
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Reported by:
Paul Volcker Said to Lead New White House Economic Panel News Link  •  Obama Administration
Paul Volcker Said to Lead New White House Economic Panel
11-26-08  •  Bloomberg.com 
Paul Volcker, the former Federal Reserve chairman who throttled the economy to crush inflation in the 1980s, will lead a new White House panel aimed at reviving growth, according transition team spokeswoman Stephanie Cutter.  Read Full Story
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Reported by:
How Could It Be Worse Than the Great Depression News Link  •  Economy - Economics USA
How Could It Be Worse Than the Great Depression
11-26-08  •  GeorgeWashington2.blogspot.com 
One of the world's foremost authorities on derivatives Nassim Nicholas Taleb explains (together with the creator of fractal theory and chaos theory, Dr. Mandelbrot) that the financial crisis will be worse than the Great Depression because of deri  Read Full Story
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Reported by:
Robert Scheer: Obama Chooses Wall Street Over Main Street
News Link  •  Obama Administration
Robert Scheer: Obama Chooses Wall Street Over Main Street
11-26-08  •  TruthDig.com 
Watching the president-elect’s Monday introduction of his economic team, my brother-in-law Pete said, “You can see the feathers coming out of their mouths” as the foxes were once again put in charge of the henhouse.  Read Full Story
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Reported by:
Israel's Slow-Motion Genocide in Occupied Palestine Opinion  •  Palestine -- Israel
Israel's Slow-Motion Genocide in Occupied Palestine
November 27, 2008
Stephen Lendman
   Israel's relentless attempt to destroy Palestinian viability and prevent any chance for peace and equity.
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RON PAUL 4409 -- Phoenix Revolution Detained for Criminal Trespass... Feature Article  •  Revolutions, Rebellions & Uprisings
RON PAUL 4409 -- Phoenix Revolution Detained for Criminal Trespass...
Forty Four O Nine
   Nov 19, 2008 CameraFRAUD sign wave event... AGAIN detained and given a coupon (ticket) for a non-crime because there was NO injured party but they call it Criminal Trespass anyway. Can't we all just get along....
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