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Date Sent: 2009-05-27
Freedom's Phoenix Global Edition for Wednesday, May 27, 2009 PM edition
 
Obama Set to Create A Cybersecurity Czar With Broad Mandate -- FDIC: 305 US ‘Problem’ Banks

Shocker: Sotomayor is Anti-Gun -- Drug Legalization Debate -- Denninger: Bernanke's every move is failing -- Mr. Obama, Tear Down This (Border) Wall -- Second Quarter Industrial output to climb in China -- Former Interrogator Rebukes Cheney for Torture Speech -- The Fed's Balance Sheet --  PetroChina becomes world's biggest firm -- Denninger: The Looting Has Become Brazen -- April Existing Home Sales: Fall 3.5% below 2008 Level -- N. Korea threatens to attack South if ships searched -- Cancer patient held at US airport for missing fingerprints -- Most economists see recession end in 2009 (ha ha) -- No Fear: Coming Soon To A City Near You - by Michael Gaddy

Arizona Breakfast Club this Saturday


 

Obama Set to Create A Cybersecurity Czar With Broad Mandate News Link  •  Internet
Obama Set to Create A Cybersecurity Czar With Broad Mandate
05-27-2009  •  Washington Post 
President Obama is expected to announce late this week that he will create a "cyber czar," a senior White House official who will have broad authority to develop strategy to protect the nation's government-run and private computer netwo  Read Full Story
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Reported by: Jack Gregson
FDIC: U.S. ‘Problem’ Banks Rise to 305 News Link  •  Federal Reserve
FDIC: U.S. ‘Problem’ Banks Rise to 305
05-27-2009  •  Bloomberg.com 
U.S. “problem” banks climbed 21 percent to the highest total in 15 years in the first quarter, and provisions set aside for loan losses weighed on industry earnings, the Federal Deposit Insurance Corp. said.  Read Full Story
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Reported by: Jack Gregson
Shocker: Sotomayor is Anti-Gun News Link  •  Obama Administration
Shocker: Sotomayor is Anti-Gun
05-27-2009  •  Reason 
When it comes to her judicial philosophy, there are some real causes for concern - in particular on the hot-button issues of affirmative action and Second Amendment rights.  Read Full Story
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Reported by: Trouser Chili
Wolves Running Wild in China News Link  •  Agriculture
Wolves Running Wild in China
05-27-2009  •  arclein 
"They come at night, but you never hear them. When you do hear something, it is the sheep crying out, and by then it's too late," he said. Delger, 44, has lost six of his 40 sheep in the past two years to stealthy attacks by the wolf  Read Full Story
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Reported by: Robert Klein
New Wood Dissolution Process Replaces Krafting News Link  •  Inventions
New Wood Dissolution Process Replaces Krafting
05-27-2009  •  arclein 
A new method of gently tearing apart the chemical constituents of wood has been discovered. The historic krafting process is a potent chemical process that operates at over a hundred degrees Celsius. It is not easy to work with at all. Again t  Read Full Story
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Reported by: Robert Klein
Drug Legalization Debate News Link  •  Drug War
Drug Legalization Debate
05-27-2009  •  arclein 
They point to California Gov. Arnold Schwarzenegger, who said in early May that it's now time to debate legalizing marijuana " though he's personally against it.   Read Full Story
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Reported by: Robert Klein
Another Lithium Battery breakthrough News Link  •  Science, Medicine and Technology
Another Lithium Battery breakthrough
05-27-2009  •  arclein 
An NSERC-funded lab at the University Of Waterloo has laid the groundwork for a lithium battery that can store and deliver more than three times the power of conventional lithium ion batteries.   Read Full Story
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Reported by: Robert Klein
Arizona Breakfast Club this Saturday Feature Article  •  Events: Arizona
Arizona Breakfast Club this Saturday
Powell Gammill
   Gwen gives an after action report of the "Operation ASU" greeting President Obama received when he came to the ASU commencement, and Ernie will tell us of the Freedom Movement "Leaders" meeting at Jekyll Island this past week.
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Second Quarter Industrial output to climb in China News Link  •  China
Second Quarter Industrial output to climb in China
05-27-2009  •  arclein 
China on Friday said industrial output is expected to rise eight percent in the second quarter and exceed ten percent in the second half of the year as stimulus measures kick in. The Ministry of Industry and Information Technology forecast the se  Read Full Story
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Reported by: Robert Klein
Denninger: Bernanke's every move is failing News Link  •  Federal Reserve
Denninger: Bernanke's every move is failing
05-27-2009  •  Market-ticker.denninger.net 
You saw that right - the 30/fixed is now being quoted at 6.5%, up nearly 30% in one day.  Read Full Story
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Reported by: Jack Gregson
Phaistos Disc as Bronze Age Email News Link  •  History
Phaistos Disc as Bronze Age Email
05-27-2009  •  arclein 
It is additional evidence that a culture was struggling to develop a superior writing system, and the exigencies of using clay discs to send letters would promote an efficient alphabet. In fact this is strong evidence that our alphabet was originally  Read Full Story
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Reported by: Robert Klein
Obama Nominee Sotomayor Unfit For Supreme Court News Link  •  Obama Administration
Obama Nominee Sotomayor Unfit For Supreme Court
05-27-2009  •  Operation Rescue 
Sonia Sotomayor is far left ideologue that blurs the lines between the legislature and judiciary and will surely be a rubber stamp for Obama’s radical abortion agenda, which is opposed by the majority of Americans  Read Full Story
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Reported by: Jim Stachowiak
Let's Stay Together: On Direct Exchange and the Social Order News Link  •  Economy - Economics USA
Let's Stay Together: On Direct Exchange and the Social Order
05-27-2009  •  mises.org / Gene Callahan 
The discovery of the law of association by classical economists points the way toward social harmony, showing that the powerful and the weak have a better way to relate to each other than through exploitation.  Read Full Story
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Reported by: Brock Lorber
Mr. Obama, Tear Down This Wall News Link  •  Immigration
Mr. Obama, Tear Down This Wall
05-27-2009  •  The Freeman / Becky Akers 
Knowing that the fence won’t stop immigration, that it merely allows politicians to look as though they’re fixing an issue they’ve ginned up into a crisis, must particularly gall the property owners losing homes and businesses.  Read Full Story
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Reported by: Brock Lorber
Former Interrogator Rebukes Cheney for Torture Speech News Link  •  Torture
Former Interrogator Rebukes Cheney for Torture Speech
05-27-2009  •  braVenew video 
Dick Cheney says that torturing detainees has saved American lives. That claim is patently false. Cheney's torture policy was directly responsible for the deaths of hundreds if not thousands of American servicemen and women.  Read Full Story
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Reported by: Powell Gammill
The Fed's Balance Sheet News Link  •  Federal Reserve
The Fed's Balance Sheet
05-27-2009  •  Seeking Alpha 
The most recent Fed Balance Sheet reading of $2.16 trillion is a doozy and is only getting higher. This is just the beginning: Bernanke and Co. committed to monetizing $1.75 trillion of securities this year, of which $1.21 trillion remain to be purch  Read Full Story
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Reported by: Powell Gammill
PetroChina becomes world's biggest firm News Link  •  China
PetroChina becomes world's biggest firm
05-27-2009  •  The Independent 
It is another symbol of the way in which the world of capitalism is shifting on its axis. PetroChina, the listed arm of China's state oil business, has become the largest company in the world, surpassing its rivals in the West.  Read Full Story
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Reported by: Powell Gammill
Japan's amazing earthquake rescue robots News Link  •  Robots and Artificial Intelligence
Japan's amazing earthquake rescue robots
05-27-2009  •  news.BBC.co.uk 
Earthquakes are a fact of life in Japan and so is a fascination with robotics.  Read Full Story
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Reported by: Jack Gregson
Another issue to blame China on News Link  •  China
Another issue to blame China on
05-27-2009  •  London Evening Standard 
Oil industry experts Bernstein Research say they have been spying on the world's third-largest economy and have concluded China is actively hoarding supplies. (No mention OPEC reducing output) After the spectacular crash in the crude pric  Read Full Story
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Reported by: Jean Carbonneau
Denninger: The Looting Has Become Brazen News Link  •  Obama Administration
Denninger: The Looting Has Become Brazen
05-27-2009  •  Market-ticker.denninger.net 
Banking trade groups are lobbying the Federal Deposit Insurance Corp. for permission to bid on the same assets that the banks would put up for sale as part of the government's Public Private Investment Program.  Read Full Story
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Reported by: Jack Gregson
The Hunt for Terror News Link  •  Humor
The Hunt for Terror
05-27-2009  •  Max Keiser 
Great video from @aollytheoctopus and a group entertaining the Security Services and the CIA in London. This is quite funny  Read Full Story
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Reported by: Jean Carbonneau
April Existing Home Sales: Fall 3.5 percent below 2008 Level News Link  •  Housing
April Existing Home Sales: Fall 3.5 percent below 2008 Level
05-27-2009  •  CalculatedRiskblog.com 
It's important to note that close to half of these sales were foreclosure resales or short sales. Although these are real transactions, this means activity (ex-distressed sales) is under 3 million units SAAR.   Read Full Story
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Reported by: Jack Gregson
Most Arizona State Land Sales In Recent Years In Default Or At Risk News Link  •  Arizona's Top News
Most Arizona State Land Sales In Recent Years In Default Or At Risk
05-27-2009  •  HousingDoom.com 
Almost $970 million worth of sales from the land department made since 2003 have been canceled or had at least one extension, according to an analysis of agency records by the Tribune. Some have already failed. Others have had default notices issued.  Read Full Story
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Reported by: Jack Gregson
North Korea threatens to attack South if ships searched News Link  •  Foreign Policy
North Korea threatens to attack South if ships searched
05-27-2009  •  Reuters 
North Korea, facing international censure for this week's nuclear test, threatened on Wednesday to attack the South after it joined a U.S.-led plan to check vessels suspected of carrying equipment for weapons of mass destruction.  Read Full Story
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Reported by: Powell Gammill
Cancer patient held at US airport for missing fingerprint News Link  •  Transportation: Air Travel
Cancer patient held at US airport for missing fingerprint
05-27-2009  •  Reuters 
A Singapore cancer patient was held for four hours by immigration officials in the United States when they could not detect his fingerprints -- which had apparently disappeared because of a drug he was taking.  Read Full Story
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Reported by: Powell Gammill
Most economists see recession end in 2009 News Link  •  Economy - Economics USA
Most economists see recession end in 2009
05-27-2009  •  AP 
[ah, weren't the the same economists who...?] More than 90% of economists predict the US recession will end this year, although the recovery is likely to be bumpy. Generally in line with the outlook from Fed Reserve Chairman Bernanke and his coll  Read Full Story
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Reported by: Powell Gammill
Murray Rothbard's Anatomy of the State News Link  •  Economy - Economics USA
Murray Rothbard's Anatomy of the State
05-27-2009  •  LewRockwell.com 
Rothbard had bound together the cause of private-property capitalism with anarchist politics " What came to be known as Anarcho-Capitalism  Read Full Story
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Reported by: Jet Lacey
No Fear: Coming Soon To A City Near You News Link  •  Men trying to be our God
No Fear: Coming Soon To A City Near You
05-27-2009  •  LewRockwell.com/Michael Gaddy 
"To increase our personal freedoms and liberty, we must stop fearing the state. When one ceases to look through eyes clouded with fear, the state and its weaknesses are exposed."  Read Full Story
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Reported by: Jet Lacey
Ending Today's Economic Crisis Simply and Easily, in America and Globally Feature Article  •  Federal Reserve
Ending Today's Economic Crisis Simply and Easily, in America and Globally
Stephen Lendman
   The solution to today's global economic crisis is simple but untaken
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Add your name to the campaign against TSA “Virtual Strip Searches” News Link  •  Transportation: Air Travel
Add your name to the campaign against TSA “Virtual Strip Searches”
05-26-2009  •  Papers Please 
The TSA is in the process of substituing “Virtual Strip Search” machines as a replacement for metal detectors for primary screening of all travelers. You’ll be able (at least at first) to opt out of the virtual strip search “Whole Body Imaging”, but   Read Full Story
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Reported by: Terry Bressi
White House to Merge Homeland, International Security Staffs News Link  •  Homeland Security
White House to Merge Homeland, International Security Staffs
05-26-2009  •  Antiwar.com 
The president will establish a “global engagement directorate” and a “National Security staff” that will deal with all policymaking related to “international, transnational, and homeland security matters.” National Security Adviser James Jones will h  Read Full Story
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Reported by: Jack Gregson
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