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Date Sent: 2009-06-11
Freedom's Phoenix Global Edition for Thursday, June 11, 2009 PM edition
 
US Household Worth Fell $1.3 Trillion in First Quarter -- WHO Declares Swine Flu Level 6 Pandemic

World Bank sees steeper global economy contraction -- CIA chief says bin Laden in Pakistan -- New element added to periodic table -- Pearce Anti-Immigrant Amendment Attacks You! - by Brock Lorber -- Homeowner Equity Falls to All-Time Low of 41.4 Percent -- Mohawks on the march -- Fed: Household Net Worth Off $14 Trillion from the Peak in 2007 -- Dave Lindorff: The Wheels are Coming Off the Recovery Program -- The A.M.A.’s lame statement about the Obama healthcare plan- by Chuck Adkins -- RealtyTrac: Foreclosure Activity May Hit 1.8 Million by Mid-Year -- Retail Sales in May: Off 10.8% from May 2008 -- Unemployment Claims: Record 6.8 Million Continued Claims -- Congressmen Bail Out Their Own Investments (Surprise!) -- Guard loses his life in Holocaust Museum shooting -- BofA documents, e-mails show pressure to buy Merrill Lynch -- Senate to vote on FDA power to regulate tobacco -- 4 Chinese Muslims freed from Guantanamo to Bermuda

 

Homeowner Equity Falls to All-Time Low of 41.4 Percent News Link  •  Housing
Homeowner Equity Falls to All-Time Low of 41.4 Percent
06-11-2009  •  CalculatedRiskblog.com 
 
Approximately 31% of households do not have a mortgage. So the 50+ million households with mortgages have far less than 41.4% equity. Barry Ritholtz has estimated that mortgage holders have less than 15% equity. 
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Reported by: Jack Gregson
WHO Declares Swine Flu Level 6 Pandemic News Link  •  Science, Medicine and Technology
WHO Declares Swine Flu Level 6 Pandemic
06-11-2009  •  news.yahoo.com/s/ap/ 
 
In a statement sent to health officials, WHO said it decided to raise the pandemic warning level from phase 5 to 6 " its highest alert " after holding an emergency meeting with its flu experts. 
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Reported by: Jack Gregson
World Bank sees steeper global economy contraction News Link  •  Economy - International
World Bank sees steeper global economy contraction
06-11-2009  •  Reuters 
The global economy will contract in 2009 by more than initially thought, given rising unemployment and underutilization of capacity, World Bank President Robert Zoellick said.

Speaking before a weekend meeting in Italy of finance ministers from the Group of Eight major industrial nations, Zoellick said indications were that the world economy would shrink by close to 3 percent, worse than the previous estimate of 1.75 percent.

 
 
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Reported by: Powell Gammill
CIA chief says bin Laden in Pakistan News Link  •  Central Intelligence Agency
CIA chief says bin Laden in Pakistan
06-11-2009  •  Reuters 
CIA Director Leon Panetta said on Thursday the U.S. intelligence agency believes al Qaeda leader Osama bin Laden is hiding in Pakistan and hopes joint operations with Pakistani forces will find him.

Asked whether he was sure that bin Laden was in Pakistan, Panetta told reporters: "The last information we had, that's still the case."
 
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Reported by: Powell Gammill
New element added to periodic table: Element 112 News Link  •  Science, Medicine and Technology
New element added to periodic table: Element 112
06-11-2009  •  Reuters 

A team in Germany first produced 112 in 1996 by firing charged zinc atoms through a 120-meter-long particle accelerator to hit a lead target.

"The new element is approximately 277 times heavier than hydrogen, making it the heaviest element in the periodic table," the scientists at the GSI Helmholtz Center for Heavy Ion Research said in a statement late on Wednesday.

 
 
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Reported by: Powell Gammill
Hormone experts worried about plastics, chemicals News Link  •  Science, Medicine and Technology
Hormone experts worried about plastics, chemicals
06-11-2009  •  AP 
Hormone experts said they are becoming worried by a chemical [found in plastics] called bisphenol A, which some politicians say they want taken out of products and which consumers are increasingly shunning.

They said they have gathered a growing body evidence to show the compound, also known as BPA, might damage human health. The Endocrine Society issued a scientific statement on Wednesday calling for better studies into its effects.

 
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Reported by: Powell Gammill
AMERICA LOSING ITS LANGUAGE AND CULTURE WITHOUT A WHIMPER Opinion  •  Immigration
CONNECTING THE DOTS
AMERICA LOSING ITS LANGUAGE AND CULTURE WITHOUT A WHIMPER
06-11-2009
Frosty Wooldridge
  
The great scholar Seymour Lipset said, “The histories of bilingual and bicultural societies that do not assimilate are histories of turmoil, tension and tragedy.”  Kant said, "Language and culture are the two great dividers."

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Pearce Anti-Immigrant Amendment Attacks You! Opinion  •  Legislative Mischief
Pearce Anti-Immigrant Amendment Attacks You!
06-11-2009
Brock Lorber
  
Mesa Senator, Russell Pearce, slipped an amendment into an appropriations bill declaring you and your property his to play with.

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KBR Wasted Billions in Troop-Support Work, Panel Says News Link  •  World News
KBR Wasted Billions in Troop-Support Work, Panel Says
06-11-2009  •  Bloomberg 
The Wartime Contracting Commission, in its first report since Congress established it last year, gives the most critical assessment to date of the contract that Houston-based KBR, then a unit of Halliburton Co. Read Full Story
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Reported by: Jim Stachowiak
Denninger: Smuggling Or Counterfeit-Printing? News Link  •  Federal Reserve
Denninger: Smuggling Or Counterfeit-Printing?
06-11-2009  •  Market-Ticker.Denninger.net/ 
 
Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each... 
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Reported by: Jack Gregson
Since I drive a General Motors product,... - by Becky Fenger Feature Article  •  Obama Administration
Since I drive a General Motors product,... - by Becky Fenger
Ernest Hancock
  
Since I drive a General Motors product, I have more than a passing interest in Brian Deese. He's the 31-year-old kid who has been put in charge of dismantling GM. Considering that the GM bailout cost you and me $450,000 per day, this is heady territory. 

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Fed: Household Net Worth Off $14 Trillion from the Peak in 2007 News Link  •  Economy - Economics USA
Fed: Household Net Worth Off $14 Trillion from the Peak in 2007
06-11-2009  •  CalculatedRiskblog.com 
 
This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages).  
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Reported by: Jack Gregson
Awesome Liberty Rider fan video! Feature Article  •  Activism
Awesome Liberty Rider fan video!
Found Zero
  
Want to see what it's like, just for a few minutes, to be Liberty Rider? Watch this video or better yet, get your bicycle out of the garage and join Michael for a few miles in your home state.

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Dave Lindorff: The Wheels are Coming Off the Recovery Program News Link  •  Economy - Economics USA
Dave Lindorff: The Wheels are Coming Off the Recovery Program
06-11-2009  •  CounterPunch.com 
 
Maybe this public passivity in the face of rampant corporate welfare and corporate pillage will come to an end as unemployment benefits begin to run out and unemployment rates continue to climb. 
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Reported by: Jack Gregson
Thinnest Superconducting Metal Created News Link  •  Science, Medicine and Technology
Thinnest Superconducting Metal Created
06-11-2009  •  arclein 
A superconducting sheet of lead only two atoms thick, the thinnest superconducting metal layer ever created, has been developed by physicists at The University of Texas at Austin. Dr. Ken Shih and colleagues report the properties of their superconducting film in the June 5 issue of Science.  Read Full Story
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Reported by: Robert Klein
Mohawks on the march, intend to peacefully confront armed border guards. Feature Article  •  Activism
Mohawks on the march, intend to peacefully confront armed border guards.
Found Zero
  
In the continuing conflict between the sovereign Mohawk Nation, US and Canadian federal security over the arming of border guards on Mohawk land, peaceful protest is planned. Mainstream news coverage of these protests is often non-existent.

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Why Advanced Lead Acid Batteries? News Link  •  Science, Medicine and Technology
Why Advanced Lead Acid Batteries?
06-11-2009  •  arclein 
I have consistently argued that budget conscious consumers would prefer cheap lead-acid batteries to smaller, lighter and more expensive lithium-ion batteries, particularly for HEV applications. The timing of the new EU regulations has put automakers in a position where they can’t afford to wait for “the battery of tomorrow.” Instead they have to go to work immediately and meet the CO2 emission standards with batteries they can buy today from established manufacturers. Under those circumstances, I’m convinced that advanced lead-acid batteries will dominate the HEV markets until a clearly superior battery technology is developed.  Read Full Story
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Reported by: Robert Klein
U.S. Household Worth Fell by $1.3 Trillion in First Quarter News Link  •  Economy - Economics USA
U.S. Household Worth Fell by $1.3 Trillion in First Quarter
06-11-2009  •  Bloomberg.com 
 
Americans are cutting back on spending as unemployment surges, home prices continue to drop and wealth evaporates, signaling any economic recovery will be slow to develop. 
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Reported by: Jack Gregson
Foreclosure Map of the U.S.A. News Link  •  Housing
Foreclosure Map of the U.S.A.
06-11-2009  •  Ritholtz.com/blog/ 
 
RealtyTrac said they expect REO activity to “spike in the coming months as foreclosure delays and moratoria implemented by various state laws come to an end.” 
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Reported by: Jack Gregson
RealtyTrac: Foreclosure Activity May Hit 1.8 Million by Mid-Year News Link  •  Economy - Economics USA
RealtyTrac: Foreclosure Activity May Hit 1.8 Million by Mid-Year
06-11-2009  •  CalculatedRiskblog.com 
 
“May foreclosure activity was the third highest month on record, and marked the third straight month where the total number of properties with foreclosure filings exceeded 300,000 " a first in the history of our report,” said James J. Saccacio, chief executive officer of RealtyTrac.  
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Reported by: Jack Gregson
Retail Sales in May: Off 10.8% from May 2008 News Link  •  Economy - Economics USA
Retail Sales in May: Off 10.8% from May 2008
06-11-2009  •  CalculatedRiskblog.com 
 
The Census Bureau reported that nominal retail sales decreased 10.8% year-over-year (retail and food services decreased 10.1%), and real retail sales also declined by 10.8% on a YoY basis. 
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Reported by: Jack Gregson
Unemployment Claims: Record 6.8 Million Continued Claims News Link  •  Economy - Economics USA
Unemployment Claims: Record 6.8 Million Continued Claims
06-11-2009  •  CalculatedRiskblog.com 
 
The advance number for seasonally adjusted insured unemployment during the week ending May 30 was 6,816,000, an increase of 59,000 from the preceding week's revised level of 6,757,000. 
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Reported by: Jack Gregson
Congressmen Bail Out Their Own Investments (Surprise!) News Link  •  Corruption
Congressmen Bail Out Their Own Investments (Surprise!)
06-11-2009  •  Washington Post 
Top House lawmakers had considerable holdings in major financial institutions that took billions of dollars in taxpayer bailouts at the end of last year, according to annual financial disclosure reports released yesterday.  Read Full Story
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Reported by: Paulthecabdriver Farah
Free Abortions in Honor of Tiller Denounced As “Sick” News Link  •  World News
Free Abortions in Honor of Tiller Denounced As “Sick”
06-11-2009  •  Operation Rescue 
Operation Rescue is appalled to learn that Philadelphia Women’s Center gave away free abortions on Tuesday as a means of “honoring” slain late-term abortions George Tiller.(The Killer)
 
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Reported by: Jim Stachowiak
BofA documents, e-mails show pressure to buy Merrill Lynch News Link  •  Government
BofA documents, e-mails show pressure to buy Merrill Lynch
06-11-2009  •  McClatchy News 
Internal Bank of America documents and e-mails among federal banking regulators show that federal officials leaned on the bank to seal the acquisition of Merrill Lynch in December or else face a management upheaval if the company wanted government assistance.

The internal documents, subpoenaed this week by

 
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Reported by: Powell Gammill
Senate to vote on FDA power to regulate tobacco News Link  •  Drug War
Senate to vote on FDA power to regulate tobacco
06-11-2009  •  AP 
A tobacco control bill set to win Senate approval would give the federal government broad new powers to monitor and change a toxic substance that contributes to some 400,000 deaths every year.

The legislation, heading for a vote Thursday, would for the first time give the Food and Drug Administration legal authority to regulate the sale, manufacturing and marketing of tobacco products.

 
 
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Reported by: Powell Gammill
Palau agrees to accept Uighur detainees from Guantanamo News Link  •  Torture
Palau agrees to accept Uighur detainees from Guantanamo
06-11-2009  •  McClatchy News 
To the relief of the Obama administration, the South Pacific island nation of Palau agreed Wednesday to take the 17 Muslim Uighurs from China who're still being held at the Guantanamo Bay prison in Cuba, the first major release of detainees since President Barack Obama announced his plan to close the prison by January.
 
The State Department expressed gratitude for the offer, but it said the details haven't been settled. Spokesman Ian Kelly also
 
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Reported by: Powell Gammill
China objects to Palau resettling Guantanamo men News Link  •  Torture
China objects to Palau resettling Guantanamo men
06-11-2009  •  AP 

Palau President Johnson Toribiong denied his government's move was influenced by any massive aid package from Washington, saying that the Uighurs have become "international vagabonds" who deserve a fresh start. China said it opposes any country taking them.

It's the first time since 2006 that the U.S. has successfully resettled any of Guantanamo's Uighurs. The U.S. government had determined
 
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Reported by: Powell Gammill
4 Chinese Muslims freed from Guantanamo to Bermuda News Link  •  Torture
4 Chinese Muslims freed from Guantanamo to Bermuda
06-11-2009  •  AP 
Four Guantanamo Bay detainees have been released and resettled in Bermuda, U.S. officials said.

The four are part of a group of 17 Chinese Muslims who have been in legal limbo at the military detention center in Cuba.

 
 
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Reported by: Powell Gammill
Sonia Sotomayor's secret News Link  •  Obama Administration
Sonia Sotomayor's secret
06-11-2009  •  Mark Yannone 
It's no secret that Sonia Sotomayor calls herself a latina -- a latina from Puerto Rico.  The secret is that she was only able to overcome her bias for one day.  That explains plenty.
 
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4409 -- How to Cook Brain Feature Article  •  Videos by 4409
4409 -- How to Cook Brain
Forty Four O Nine
  
Scientists show you how to Cook your Brain in one easy step.

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