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Date Sent: 2008-12-26
Freedom's Phoenix Headline News for Friday, December 26, 2008 |
Investors Flee Stock Funds -- Japan factory output has biggest ever monthly fall
GMAC becomes a bank -- Drug Dealing Among the Ways CIA Wins Friends -- Our going broke is China's fault -- Homeland Security Forecasts 5-Year Terror Threats -- Hobbyists are trying genetic engineering at home -- The Economic Collapse of 2009 (Part One) - by Dave Hodges -- AIG Get Federal Bailout and Christmas Bonuses -- Truck driver builds his own nuke -- US To Be Cut Off From The World -- Where are the Blessings of Liberty? -- Police use excessive force, ER docs say -- Coal for Christmas: Brooklyn man's pardon revoked by Bush -- Doubts grow on whether Madoff acted alone in fraud -- Wiesel Foundation Loses Nearly Everything In Madoff Scheme
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News Link • Federal Reserve
GMAC becomes a bank
12-26-2008
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Bloomberg
General Motors Corp., days from receiving its first installment of at least $9.4 billion in U.S. aid, won another victory with the Federal Reserve’s approval of lender GMAC LLC’s bid to become a bank holding company.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Central Intelligence Agency
Little Blue Pills Among the Ways CIA Wins Friends in Afghanistan
12-26-2008
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Washington Post
The Afghan chieftain looked older than his 60-odd years, and his bearded face bore the creases of a man burdened with duties as tribal patriarch and husband to 4 younger women. His visitor, a CIA officer, saw an opportunity, and reached into his bag
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Investors Flee Stock Funds
12-26-2008
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Washington post
The bubble pops. Stock markets tumble. Investors flee.
It is the narrative of nearly every economic boom and bust, as investors scramble to find other places -- besides underneath mattresses -- to park their money.
Investors pulled $10.5 billio
Read Full Story
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Reported by:
Powell Gammill
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News Link • China
Our going broke is China's fault
12-26-2008
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NY Times
The problem, he said, was not that Americans spend too much, but that foreigners save too much. The Chinese have piled up so much excess savings that they lend money to the United States at low rates, underwriting American consumption.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Homeland Security
Homeland Security Forecasts 5-Year Terror Threats
12-25-2008
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AP
The terrorism threat to the United States over the next five years will be driven by instability in the Middle East and Africa, persistent challenges to border security and increasing Internet savvy, says a new intelligence assessment.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - International
Japan factory output has biggest ever monthly fall
12-25-2008
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AP
Japan's contracting economy got more bad news Friday when figures showed that industrial production plunged by its biggest margin ever in November, the jobless rate jumped and household spending fell.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Science, Medicine and Technology
Hobbyists are trying genetic engineering at home
12-25-2008
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AP
Using homemade lab equipment and the wealth of scientific knowledge available online, these hobbyists are trying to create new life forms through genetic engineering - a field long dominated by Ph.D.s toiling in university and corporate laboratories.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Religion: Believers
The Light has Come - Welcoming Christ and the fruit of the Spirit
12-25-2008
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Christine Smith Blog
Personal reflections on this past year; a Merry Christmas message.
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Reported by:
Christine -
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News Link • Corruption
AIG Get Federal Bailout and Christmas Bonuses
12-25-2008
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Fox News
CEO Edward Liddy now defending -- 400 million dollar package. Of bonuses for his top executives executive who ran a company that would have failed. Without the federal bailout
Read Full Story
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Reported by:
Ernest Hancock
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News Link • History
Atomic John
12-25-2008
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The New Yorker
The most accurate account of [Little Boy's] inner workingsâ€"an unnervingly detailed reconstruction, based on old photographs and documentsâ€"has been written by a truck driver from Waukesha, Wisconsin, named John Coster-Mullen.
Read Full Story
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Reported by:
Brock Lorber
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News Link • Law Enforcers or Peace Officers
Police use excessive force, ER docs say
12-25-2008
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Reuters
While 99.8% believed excessive force is used, almost as many (98%) reported that they had managed cases that they suspected or that the patient stated had involved excessive use of force by law enforcement officers.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Bush Administration
Coal for Christmas: Brooklyn man's pardon revoked by Bush
12-25-2008
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AP
The pardons President George W. Bush granted this week couldn't have been better Christmas gifts if Santa himself had delivered them. But a Brooklyn, N.Y., man, Isaac Robert Toussie, received the legal equivalent of a lump of coal.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Corruption
Doubts grow on whether Madoff acted alone in fraud
12-25-2008
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AFP
As a probe intensifies into Bernard Madoff, doubts are growing on whether the now-infamous Wall Street investment manager could have committed a record fraud of $50 billion on his own.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Corruption
Wiesel Foundation Loses Nearly Everything In Madoff Scheme
12-25-2008
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AFP
"We are writing to inform you that the Elie Wiesel Foundation for Humanity had $15.2 million under management with Bernard Madoff Investment Securities," said the foundation. "This represented substantially all of the foundation's
Read Full Story
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Reported by:
Powell Gammill
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| Tags: freedoms, phoenix, archives, politics, libertarian, alternative, government, freedom |
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