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Date Sent: 2009-05-08
Freedom's Phoenix Global Edition for Friday, May 8, 2009
 
Unemployment hits 25 year high of 8.9% -- EU Calls for Global Internet Governance by September

Geithner: U.S. to give GMAC substantial taxpayer money -- Google CEO says he expects more government scrutiny -- More On The SHAM "Stress Test" -- Obama administration renews sanctions on Syria -- Statue of Liberty crown to reopen July 4 -- Charges dropped against company in Big Dig death -- Porn and cookies: UK lawmakers odd expenses claims -- Fannie Mae seeks additional $19B from your wallet after 1Q loss -- Military Police Document Reveals Integration with Local Law Enforcement -- S787 Federal Water Theft -- Forget Bank Stress Test; Watch Treasuries -- Stress Test: 25-to-1 Leverage as a Healthy Bank Target? -- MISH: Fed Determines Banks Need $74.6 billion in Fantasyland Scenario, $599 Billion in Cakewalk Scenario

AZ: John Stuart fund raiser Saturday
 

Unemployment hits 25 year high of 8.9% News Link  •  Employee and Employer Relations
Unemployment hits 25 year high of 8.9%
05-08-2009  •  CNBC 
“This is a truly awful report that will likely be taken as a good report because the job losses have slowed,” Joel Naroff of Naroff Economic Advisors, wrote in a note to clients. [In reality this is close to 1 in 5 unemployed.]  Read Full Story
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Reported by: Powell Gammill
EU Calls for Global Internet Governance: September 2009? News Link  •  Internet
EU Calls for Global Internet Governance: September 2009?
05-08-2009  •  InfoWars.com 
Reding is anticipating the expiration of the ICANN contract with the U.S. Department of Commerce in September of 2009, calling for a separation of ICANN from its U.S. ties, making ICANN an international organization.  Read Full Story
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Reported by: Jack Gregson
Feingold Bill Gives ALL U.S. Water To The Feds! News Link  •  World News
Feingold Bill Gives ALL U.S. Water To The Feds!
05-08-2009  •  Rense.com 
In April, 2009, Senator Feingold introduced (and gathered 24 co-sponsors already) legislation, S. 787, to fundamentally change the definition of “water” under control of the federal government:  Read Full Story
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Reported by: Jim Stachowiak
Geithner: U.S. to give GMAC substantial taxpayer money News Link  •  Economy - Economics USA
Geithner: U.S. to give GMAC substantial taxpayer money
05-08-2009  •  Reuters 
U.S. Treasury Secretary Timothy Geithner said on Friday that the Obama administration will provide "substantial support" to troubled lender GMAC, a vital provider of financing for the domestic auto industry.  Read Full Story
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Reported by: Powell Gammill
Google CEO says he expects more government scrutiny News Link  •  Internet
Google CEO says he expects more government scrutiny
05-08-2009  •  Yahoo Tech 
Google Inc Chief Executive Eric Schmidt said he expects more regulatory scrutiny from around the world and the company is paying more attention to the way it approaches certain business issues as a result of the attention.  Read Full Story
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Reported by: Powell Gammill
Warning: Sunspot cycle beginning to rise News Link  •  Space Travel and Exploration
Warning: Sunspot cycle beginning to rise
05-08-2009  •  AP 
The 1859 storm shorted out telegraph wires, causing fires in North America and Europe, sent readings of Earth's magnetic field soaring, and produced northern lights so bright that people read newspapers by their light.  Read Full Story
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Reported by: Powell Gammill
More On The SHAM News Link  •  Obama Administration
More On The SHAM "Stress Test"
05-08-2009  •  Market-ticker.denninger.net/ 
If you are buying into this rally and the recovery of the banks based on the so-called "Stress Tests", you have been lied to and must consider the "severe" stress scenario as the "baseline", which implies that should the  Read Full Story
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Reported by: Jack Gregson
Obama administration renews sanctions on Syria News Link  •  Foreign Policy
Obama administration renews sanctions on Syria
05-08-2009  •  Reuters 
The Obama administration has renewed sanctions against Syria due to "serious concerns" over its behavior, despite sending two top envoys to Damascus this week to try to improve ties, U.S. officials said.  Read Full Story
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Reported by: Powell Gammill
Jobs Contract 16th Straight Month; Unemployment Rate Soars to 8.9% News Link  •  Economy - Economics USA
Jobs Contract 16th Straight Month; Unemployment Rate Soars to 8.9%
05-08-2009  •  Michael Shedlock / Mish 
I consider these job losses to be depression level totals. Admittedly conditions are not as bad as the great depression, but this is certainly no ordinary recession by any economic measure...  Read Full Story
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Reported by: Jack Gregson
Statue of Liberty crown to reopen July 4 News Link  •  Property Rights
Statue of Liberty crown to reopen July 4
05-08-2009  •  AP 
"On July 4, we are giving America a special gift," Salazar said. The crown of the Statue of Liberty will reopen July 4 for the first time since the Sept. 11, 2001, terrorist attacks. Thirty visitors an hour, chosen by lottery, will be allow  Read Full Story
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Reported by: Powell Gammill
Charges dropped against company in Big Dig death News Link  •  Criminal Justice System
Charges dropped against company in Big Dig death
05-08-2009  •  AP 
Federal prosecutors dismissed charges Friday against one of the Big Dig's largest contractors in connection with a tunnel collapse that killed a Boston woman, but the company pleaded guilty to lying about construction defects in another tunnel.  Read Full Story
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Reported by: Powell Gammill
Porn and cookies: UK lawmakers odd expenses claims News Link  •  Corruption
Porn and cookies: UK lawmakers odd expenses claims
05-08-2009  •  Daily Telegraph 
Porn movies. Horse manure. A chocolate Santa Claus. Expense claims by British lawmakers to pay for an array of items were exposed stoking public anger over lawmaker excess amid the global recession.  Read Full Story
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Reported by: Powell Gammill
Fannie Mae seeks additional $19B from your wallet after 1Q loss News Link  •  Economy - Economics USA
Fannie Mae seeks additional $19B from your wallet after 1Q loss
05-08-2009  •  AP 
Fannie Mae issued a grave warning about its future saying it needs $19 billion in additional government aid as job losses grow and risky loans made during the housing boom go bad at an unnerving pace. Already got a $15 billion bailout in March, warne  Read Full Story
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Reported by: Powell Gammill
New York Fed chairman Friedman abruptly resigns News Link  •  Federal Reserve
New York Fed chairman Friedman abruptly resigns
05-07-2009  •  Raw Story 
Stephen Friedman, chairman of the board at the Federal Reserve bank of New York, abruptly resigned, days after his approval of a request by Goldman Sachs was in violation of policy because of his considerable holdings in Goldman shares.  Read Full Story
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Reported by: Powell Gammill
Military Police Document Reveals Integration with Local Law Enforcement

News Link  •  Police State
Military Police Document Reveals Integration with Local Law Enforcement
05-08-2009  •  InfoWars.com 
The Pentagon has assembled a nationwide domestic spying machine that rivals the NSA’s warrantless surveillance of telephone and email traffic. “Operating in secret, the Defense Department is systematically gathering and analyzing intelligence...  Read Full Story
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Reported by: Jack Gregson
Forget Bank Stress Test--Watch Treasuries News Link  •  Economy - Economics USA
Forget Bank Stress Test--Watch Treasuries
05-08-2009  •  Just a Girl in Short Shorts 
Forget about the bank stress test, which is all smoke and mirrors--watch Treasuries to see what is really happening in the economy.  Read Full Story
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Reported by: Becky Chandler
Space Elevator Considerations News Link  •  Science, Medicine and Technology
Space Elevator Considerations
05-08-2009  •  arclein 
Spaceward has a page on space elevator feasibility that looks at tether strength and power to weight ratio for the power system for the space elevator climber.  Read Full Story
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Reported by: Robert Klein
EPA Riles Paterson News Link  •  Environment
EPA Riles Paterson
05-08-2009  •  arclein 
Sober second thought is now setting in of the cap and trade scheme. I have no doubt what has been proposed will be unrecognizable by the time it reaches signature. So much simply cannot stand. There is nothing more fraught with danger to the p  Read Full Story
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Reported by: Robert Klein
News Link  •  Environment
ECO Sailors Rescued by Oil Tanker
05-08-2009  •  arclein 
Everyone loves irony and this tale has irony in spades. Why they chose to go to sea across the North Atlantic in April escapes me. The seas and winds are guaranteed to be awful. Most likely they faced a strenuous expedition to the peak of the ice  Read Full Story
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Reported by: Robert Klein
The Obama Administration is Becoming a Stand-Up Comedy Act News Link  •  Obama Administration
The Obama Administration is Becoming a Stand-Up Comedy Act
05-08-2009  •  AfterDowningStreet.org 
Congress has been a joke for years. Now the White House is becoming a laughing stock. It is, I’m afraid, all starting to look like one big joke, and it’s on us.  Read Full Story
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Reported by: Jack Gregson
S 787 Federal Water Theft News Link  •  Property Rights
S 787 Federal Water Theft
05-08-2009  •  Farm Wars 
If water falls out of the sky and into a pool of water on my property, I’ll be damned if I am going to pay the Feds, Corp USA, one red cent to drink it. Do you hear that Senator Feingold? You can take your S 787 and shove it!   Read Full Story
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Reported by: Barbara Peterson
California's Cash Crunch: Ay, Caramba! News Link  •  Economy - Economics USA
California's Cash Crunch: Ay, Caramba!
05-08-2009  •  Truthdig.com 
California is running short on cash fast"$23 billion short. According to chief legislative budget analyst Mac Taylor, the Golden State may not have enough moolah to keep it going through July...  Read Full Story
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Reported by: Jack Gregson
Stress Test: 25-to-1 Leverage as a Healthy Bank Target? News Link  •  Obama Administration
Stress Test: 25-to-1 Leverage as a Healthy Bank Target?
05-08-2009  •  Ritholtz.com/blog 
Consider this simple fact: Treasury and the Fed want these banks to have Tier 1 common stock equal to 4% of risk-weighted assets. In other words, 25-to-1 leverage as safe for the future.  Read Full Story
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Reported by: Jack Gregson
Green Shoots? Not According to Fannie News Link  •  Housing
Green Shoots? Not According to Fannie
05-08-2009  •  Market-ticker.denninger.net/ 
The worse news is: They see home price declines of 7-12% nationally for 2009. But but but but I thought home prices had stopped going down?   Read Full Story
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Reported by: Jack Gregson
Bureau of Labor Statistics does it again: Unemployment Fried-Day News Link  •  Economy - Economics USA
Bureau of Labor Statistics does it again: Unemployment Fried-Day
05-08-2009  •  Market-ticker.denninger.net/ 
In addition the "birth-death adjustment" was +226,000, close to double the previous month. That's the computer model that "estimates" the number of jobs that are created in the economy but unreported.  Read Full Story
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Reported by: Jack Gregson
Reviewing Ellen Brown's Feature Article  •  Federal Reserve
Reviewing Ellen Brown's "Web of Debt:" Part II
Stephen Lendman
   Federal Reserve plunder 101
Make a Comment   •   Email this Article   •   Send Letter to Editor
OurName4Freedom News Link  •  Declaration of Independence
OurName4Freedom
05-08-2009  •  Dan Hall 
Online Entrepreneurs in America take back their ownership of the USA through direct sales of WebSites named: TheirName4Freedom. Hundreds of thousands and likely into solid high millions of individual Americans online are staking their claim in the ne  Read Full Story
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Reported by: Dan Hall
Protest- Ex Mexican President Fox Enemy of America to Speak at Emory Univ. 05-11-09 News Link  •  Activism
Protest- Ex Mexican President Fox Enemy of America to Speak at Emory Univ. 05-11-09
05-08-2008  •  Freedom Fighter Radio 
We are calling on all PATRIOTS who love America and value their FREEDOM to meet up with other FREEDOM loving PATRIOTS to protest this enemy of America and take a stand against the North American Union.  Read Full Story
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Reported by: Jim Stachowiak
Fed Determines Banks Need $74.6 billion in Fantasyland Scenario, $599 Billion in Cakewalk Scenario News Link  •  Obama Administration
Fed Determines Banks Need $74.6 billion in Fantasyland Scenario, $599 Billion in Cakewalk Scenario
05-07-2009  •  Michael Shedlock / Mish 
The banks were insolvent and many still are. The Fed has thrown $trillions at this mess and the banks remain short of capital.   Read Full Story
Make a Comment   •   Email this News Link   •   Send Letter to Editor
Reported by: Jack Gregson
John Stuart Feature Article  •  Events: Arizona
John Stuart "Movie Night' Fundraiser this Saturday Night!
Powell Gammill
   Message from Ed Vallejo: We will be having a movie-night fundraiser for John Stuart at the Freedoms Phoenix Workshop. John was assaulted by a drunk driver while returning from hanging Ron Paul signs a year and a half ago. He was arrested
Make a Comment   •   Email this Article   •   Send Letter to Editor
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