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Date Sent: 2009-03-02
Freedom's Phoenix Global Edition for Monday, March 2, 2009 PM Edition
 
DOW below 7,000; worldwide stock drop -- FDIC: $19 billion now backs over $4.8 trillion in deposits

CIA destroyed 92 torture tapes -- Paul Craig Roberts: A Banana Republic By 2012? -- GM Needs 'Global Aid' -- Obama Administration Sends Mixed Signals on Iran’s Nuke Capability -- British Army Prepared For Economic Riots On UK Streets -- Defense Secretary Gates: US Military Can Help Mexico in Drug War -- East Europe Social Collapse Threatens Rest of Europe -- U.S. rattled as Mexico drug war bleeds over border -- Citigroup needs another bailout -- Should AIG Get More Federal Bailout Bucks? - by Sam Friedman -- Systemic Failure: Capitalism "Lays an Egg" - by Stephen Lendman
 

News Link  •  Philosophy of Liberty
A Voice in the Wilderness No More
03-02-2009  •  Guardian.co.uk via Rense.com 
"Notice how all these assholes who are giving these talks, they're saying exactly the same thing Ron Paul said last year?"  Read Full Story
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Reported by: Ed Vallejo
CIA destroyed 92 torture tapes News Link  •  Central Intelligence Agency
CIA destroyed 92 torture tapes
03-02-2009  •  AP 
The CIA destroyed nearly 100 videotapes of terror suspect interrogations, far more than previously acknowledged, the Obama administration said Monday as it began disclosing details of post-Sept. 11 Bush-era actions.  Read Full Story
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Reported by: Powell Gammill
NASA contest to name new space station room News Link  •  Space Travel and Exploration
NASA contest to name new space station room
03-02-2009  •  NASA 
Help us to name another important addition to the station - Node 3 and its cupola! Vote using the poll on the right. Voting will be open until March 20th, 2009. NASA will announce the winning name in April 2009. [hint: see photo :-) ]  Read Full Story
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Reported by: Powell Gammill
News Link  •  Privacy Rights
Privacy in the Age of Persistence
03-02-2009  •  schneier.com via e-mail (thanks Andre!) 
Welcome to the future, where everything about you is saved. A future where your actions are recorded, your movements are tracked, and your conversations are no longer ephemeral.  Read Full Story
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Reported by: Ed Vallejo
In Baltimore, No One Left to Press the Police News Link  •  Law Enforcers or Peace Officers
In Baltimore, No One Left to Press the Police
03-02-2009  •  WaPo / David Simon 
A police officer with the authority to take human life can now do so in the shadows, while his higher-ups can claim that this is necessary to mitigate against a nonexistent wave of threats.  Read Full Story
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Reported by: Brock Lorber
DOW below 7,000; worldwide stock drop News Link  •  Economy - Economics USA
DOW below 7,000; worldwide stock drop
03-02-2009  •  Bloomberg 
[change] Stocks fell worldwide, sending Dow Jones below 7,000 for the first time since 1997, and Treasuries rose after Warren Buffett said the economy is in “shambles” and American International Group reported a $61.7 billion loss. Berkshire Hathaway  Read Full Story
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Reported by: Powell Gammill
Paul Craig Roberts: A Banana Republic By 2012?
News Link  •  Obama Administration
Paul Craig Roberts: A Banana Republic By 2012?
03-02-2009  •  Informationclearinghouse.info 
President Obama has presented the most irresponsible budget in US history. His fiscal year 2010 budget projects federal spending of $3.5 trillion and a federal deficit of $1.75 trillion. In other words, 50 percent of the government’s budget consists  Read Full Story
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Reported by: Jack Gregson
GM Needs 'Global Aid' in Worst Auto Market Since 1945, Lutz Says News Link  •  Economy - Economics USA
GM Needs 'Global Aid' in Worst Auto Market Since 1945, Lutz Says
03-02-2009  •  Bloomberg.com 
General Motors Corp., surviving with U.S. federal loans, needs government help worldwide to get through the worst automotive market since the end of World War II, Vice Chairman Robert Lutz said.  Read Full Story
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Reported by: Jack Gregson
Denninger: The Challenge Before America News Link  •  Economy - Economics USA
Denninger: The Challenge Before America
03-02-2009  •  Market-Ticker.Denninger.net/ 
We either act now or suffer the consequences - the utter destruction of our middle class, a collapsed stock market with the DOW headed to 3,000 or worse and the S&P 500 headed into the 400 or lower range, unemployment topping 20% and GDP falling by 3  Read Full Story
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Reported by: Jack Gregson
Obama Administration Sends Mixed Signals on Iran’s Nuke Capability News Link  •  Obama Administration
Obama Administration Sends Mixed Signals on Iran’s Nuke Capability
03-02-2009  •  Antiwar.com 
On CNN, Admiral Michael Mullen declared that Iran had enough nuclear fuel to make a bomb, adding that “Iran having nuclear weapons, I’ve believed for a long time, is a very very bad outcome - for the region and for the world.”  Read Full Story
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Reported by: Jack Gregson
FDIC: $19 billion now backs over $4.8 trillion in deposits News Link  •  Federal Reserve
FDIC: $19 billion now backs over $4.8 trillion in deposits
03-02-2009  •  optionarmageddon.ml-implode.com/ 
To put the $18.9 billion figure in perspective, consider FDIC’s estimate for insured deposits at the two major banks closest to collapse"Citi and BofA: $103 billion and $449 billion respectively. And those figures understate the total...  Read Full Story
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Reported by: Jack Gregson
British Army Prepared For Economic Riots On UK Streets News Link  •  Economy - International
British Army Prepared For Economic Riots On UK Streets
03-02-2009  •  Prisonplanet.com/ 
The Army is on standby to deal with rioting on UK streets as a result of the economic crisis according to a newspaper report, which states that MI5 is targeting political activists who could help create a “summer of discontent”.  Read Full Story
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Reported by: Jack Gregson
Defense Secretary Gates: US Military Can Help Mexico in Drug War News Link  •  Military
Defense Secretary Gates: US Military Can Help Mexico in Drug War
03-02-2009  •  Antiwar.com 
Earlier this year it was reported that the US was considering playing an increasing role in the drug war, and the possibility of joint operations with the Mexican military was raised.  Read Full Story
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Reported by: Jack Gregson
East Europe Social Collapse Threatens Rest of Europe News Link  •  Economy - International
East Europe Social Collapse Threatens Rest of Europe
03-02-2009  •  Infowars.com/ & Timesonline.co.uk 
Eastern European countries gave an apocalyptic warning yesterday of hordes of unemployed workers heading west as a new Iron Curtain divides rich from poor inside Europe.  Read Full Story
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Reported by: Jack Gregson
Soldiers assassinate Guinea-Bissau president News Link  •  World News
Soldiers assassinate Guinea-Bissau president
03-02-2009  •  Daily Mail 
Renegade soldiers assassinated the president of Guinea-Bissau in his palace this morning, hours after a bomb blast killed his rival.  Read Full Story
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Reported by: Powell Gammill
U.S. rattled as Mexico drug war bleeds over border News Link  •  Drug War
U.S. rattled as Mexico drug war bleeds over border
03-02-2009  •  Reuters 
Hit men dressed in fake police tactical gear burst into a home in Phoenix, rake it with gunfire and execute a man. Armed kidnappers snatch victims from cars and even a local shopping mall across the Phoenix valley for ransom, turning the sun-baked ci  Read Full Story
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Reported by: Powell Gammill
Citigroup may need another bailout News Link  •  Economy - Economics USA
Citigroup may need another bailout
03-02-2009  •  Reuters 
Citigroup may need to raise additional capital despite the U.S. government's move to bolster its capital base, said an analyst at Deutsche Bank, who sees a 2009 loss of about $4.5 billion for the company excluding any preferred share dividend pay  Read Full Story
Make a Comment   •   Email this News Link   •   Send Letter to Editor
Reported by: Powell Gammill
Should AIG Get More Federal Bailout Bucks?<br>by Sam Friedman News Link  •  Economy - Economics USA
Should AIG Get More Federal Bailout Bucks?
by Sam Friedman

03-02-2009  •  Underwriters 
At least one insurer organization has raised the bigger question of whether the bailout is giving AIG an unfair advantage in the insurance market, and what impact that will have on healthier competitors in the long term. The point may be moot,  Read Full Story
Make a Comment   •   Email this News Link   •   Send Letter to Editor
Reported by: Powell Gammill
Systemic Failure: Capitalism Feature Article  •  Economy - Economics USA
Systemic Failure: Capitalism "Lays an Egg"
Stephen Lendman
   Reckless corporatism has plunged world economies toward another great depression
Make a Comment   •   Email this Article   •   Send Letter to Editor
Tags: freedoms, phoenix, archives, politics, libertarian, alternative, government, freedom
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