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Date Sent: 2009-06-12
Freedom's Phoenix Global Edition for Friday, June 12, 2009 PM edition
 
NYSE Halts Trading In 100's of Stocks -- Tobacco legislation heads for Obama's signature

U.N. Security Council Adopts Stiffer Curbs on North Korea -- Spike in Interest Rates Could Choke Recovery -- DOJ moves to dismiss first fed gay marriage case -- GM Near Deal to Sell Saab -- Domestic spying spat divides Jane Harman, Janet Napolitano -- Uhhhhh.... Ben Bernanke? (Blatantly Unlawful Acts?) -- Obama, on cell, wins war funds with promises of another coverup -- Ritholtz: Drill down into the Unemployment Numbers -- Why a Tobacco Giant Backs a Tough New Anti-smoking Bill -- Phoenix Housing Market About To Bust- Again -- Hartford gets $3.4 billion in TARP funds -- Nobel Economist Stiglitz: Government’s Response is Worse than Socialism -- China's Porn Filter Blocks Falun Gong Sites -- US Military: Asteroids hitting Earth now classified info -- Obama fires AmeriCorps's Inspector General for investigating his friend

 

NYSE Halts Trading In Several Hundred Stocks Due To News Link  •  Conspiracies
NYSE Halts Trading In Several Hundred Stocks Due To "Connectivity Issues"
06-12-2009  •  Zerohedge.blogspot.com/ 
 
Did all the Supplemental Liquidity Providers leave for the Hamptons to riverboat blond Latvian exports early today? Or did GS - Sigma Server X1 get a Norton AV uncaught Trojan? That explains why all trades are now automatically rerouted to adultfriendfinder.com  
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Reported by: Jack Gregson
Tobacco legislation clears Congress heads for Obama's signature News Link  •  Drug War
Tobacco legislation clears Congress heads for Obama's signature
06-12-2009  •  Politico 
Landmark tobacco regulation legislation cleared Congress on Friday, granting the Food and Drug Administration unprecedented authority over the marketing of cigarettes with a mandate to improve health warnings and curb teenage smoking.
 
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Reported by: Powell Gammill
U.N. Security Council Adopts Stiffer Curbs on North Korea News Link  •  United Nations
U.N. Security Council Adopts Stiffer Curbs on North Korea
06-12-2009  •  NY Times 
China and Russia, key North Korean allies, were heavily involved in drafting the resolution during the nearly three weeks since North Korea’s May 25 underground nuclear test, but they resisted making the inspections and some other measures mandatory, so it remains unclear what impact the sanctions will have.
 
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Reported by: Powell Gammill
Spike in Interest Rates Could Choke Recovery News Link  •  Economy - Economics USA
Spike in Interest Rates Could Choke Recovery
06-12-2009  •  Washington Post 
Rising long-term interest rates are making it more expensive for home buyers, corporations and the U.S. government to borrow money, threatening to further stifle an already weak economy.
 
In just the past two weeks, the rate on a 30-year, fixed-rate mortgage has risen to 5.6 percent from 4.9 percent, ending a boom in refinancing and working against a budding recovery in the housing market. Rates on corporate borrowing
 
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Reported by: Powell Gammill
Reputed Miss. Klansman Appeals to US Supreme Court News Link  •  Criminal Justice System
Reputed Miss. Klansman Appeals to US Supreme Court
06-12-2009  •  NY Times 
A reputed Ku Klux Klansman convicted two years ago in the 1964 kidnappings of two black men asked the U.S. Supreme Court to decide whether the statute of limitations had expired before prosecutors charged him.
 
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Reported by: Powell Gammill
DOJ moves to dismiss first fed gay marriage case News Link  •  Marriage
DOJ moves to dismiss first fed gay marriage case
06-12-2009  •  Washington Post 
Obama's U.S. Justice Department has moved to dismiss the first gay marriage case filed in federal court, saying it is not the right venue to tackle legal questions raised by a couple already married in California.
 
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Reported by: Powell Gammill
GM Near Deal to Sell Saab News Link  •  Economy - Economics USA
GM Near Deal to Sell Saab
06-12-2009  •  Washington Post 

“To set the record straight there has been no official announcement relating to any potential investors but rest assured our negotiations are on track and we expect to have a new ownership structure finalized in the early summer,” Saab said. “Until then enjoy the increased speculation in the knowledge that the next chapter in Saab Automobile’s history is just around the corner.”

"GM is currently in negotiations with potential investors, these are private talks and we will not comment any further," wrot
 
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Reported by: Powell Gammill
Call Mockingbird Operative Glenn Beck’s Producer News Link  •  World News
Call Mockingbird Operative Glenn Beck’s Producer
06-12-2009  •  infowars 
Author and Christian conservative political activist Mark Dice instructs all outraged by Glenn Beck’s attempt to link 9/11 truth activists to the accused racist gunman James von Brunn to call Beck’s producer.  Read Full Story
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Reported by: Jim Stachowiak
Spy spat divides Jane Harman, Janet Napolitano News Link  •  Homeland Security
Spy spat divides Jane Harman, Janet Napolitano
06-12-2009  •  Politico 
Harman, who chairs a House subcommittee on domestic intelligence, wants Napolitano to kill the agency’s deceptively named National Applications Office, established by the Bush administration to funnel military intelligence to local, state and federal law enforcement.
 
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Reported by: Powell Gammill
Uhhhhh.... Ben Bernanke? (Blatantly Unlawful Acts?) News Link  •  Federal Reserve
Uhhhhh.... Ben Bernanke? (Blatantly Unlawful Acts?)
06-12-2009  •  Market-ticker.denninger.net 
 
Do you want to participate in a market that is "rigged" like this by The Fed, operating with essentially limitless liquidity to game the markets any time they'd like in violation of the law?  
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Reported by: Jack Gregson
Obama, on cell, wins war funds with promises of another coverup News Link  •  WAR: About that War
Obama, on cell, wins war funds with promises of another coverup
06-12-2009  •  Politico 

House-Senate negotiators reached agreement on a $105.9 billion wartime spending bill after last-minute assurances from President Barack Obama that he will use all his powers to prevent the disclosure of controversial photographs depicting the treatment of detainees held by the U.S. military.

White House chief of staff Rahm Emanuel rushed to the Capitol in the evening to personally deliver this message after the talks began to unravel. The president participated via the speaker on Em
 
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Reported by: Powell Gammill
Ritholtz: Drill down into the Unemployment Numbers News Link  •  Economy - Economics USA
Ritholtz: Drill down into the Unemployment Numbers
06-12-2009  •  Ritholtz.com/blog 
 
Here are some recent Employment Charts that show the state of the employment market, with an emphasis on the leading aspects. Verdict: Not very good.  
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Reported by: Jack Gregson
Why a Tobacco Giant Backs a Tough New Antismoking Bill News Link  •  Drug War
Why a Tobacco Giant Backs a Tough New Antismoking Bill
06-12-2009  •  Time magazine 
Why, then, is tobacco giant Philip Morris, unlike its industry brethren, celebrating the unprecedented oversight?
 
With 50% of the U.S. tobacco market already safely in the company's pocket " and more than 50% of 18- to 25-year-old smokers loyal to its top brand, Marlboro " restrictive legislation will effectively lock in its market dominance, preventing any competitors from taking a bite out of Philip Morris' very lucrative business.

 
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Reported by: Powell Gammill
California Notice of Defaults and Foreclosures Skyrocketing News Link  •  Housing
California Notice of Defaults and Foreclosures Skyrocketing
06-12-2009  •  DoctorHousingBubble.com 
 
Now why are notice of defaults so important to follow? It is an important leading indicator. When the market tanked in 2008 the notice of default market was telling us gear up in 2007. 
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Reported by: Jack Gregson
Hartford gets $3.4 billion in TARP funds News Link  •  Economy - Economics USA
Hartford gets $3.4 billion in TARP funds
06-12-2009  •  Reuters 
Hartford Financial Services Group Inc said it will take as much as $3.4 billion of federal bailout money and sell up to $750 million of common stock to bolster capital after large losses on investments.

The 199-year-old life and property insurer announced its plans after saying Chairman and Chief Executive Ramani Ayer will retire by the end of the year.

 
 
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Reported by: Powell Gammill
Phoenix Housing Market About To Bust- Again News Link  •  Housing
Phoenix Housing Market About To Bust- Again
06-12-2009  •  HousingDoom.com 
 
Look for a second wave of foreclosures as the speculators find themselves burned. 
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Reported by: Jack Gregson
China's Porn Filter Blocks Falun Gong Sites News Link  •  China
China's Porn Filter Blocks Falun Gong Sites
06-12-2009  •  PC World 
Internet filtering software that China plans to distribute nationwide blocks content related to a spiritual movement banned in China, despite government claims that the software targets only porn.

The program automatically closes a browser window when it detects Chinese words related to Falun Gong, according to a keyword blacklist decrypted report by the University of Michigan.

 
 
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Reported by: Powell Gammill
Nobel Economist Stiglitz: Government’s Response is Worse than Socialism News Link  •  Obama Administration
Nobel Economist Stiglitz: Government’s Response is Worse than Socialism
06-12-2009  •  InfoWars.com & Washington's Blog 
 
America has expanded its corporate safety net in unprecedented ways, from commercial banks to investment banks, then to insurance, and now to cars, with no end in sight. In truth, this is not socialism, but an extension of long-standing corporate welfarism.  
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Reported by: Jack Gregson
Obama fires AmeriCorps's Inspector General for investigating his friend News Link  •  Corruption
Obama fires AmeriCorps's Inspector General for investigating his friend
06-12-2009  •  AP 
President Barack Obama says he has lost confidence in the inspector general who investigates AmeriCorps and other national service programs and has told Congress he is removing him from the position.

Obama's move follows an investigation by IG Gerald Walpin of Sacramento Mayor Kevin Johnson, who is an Obama supporter and former NBA basketball star, into the misuse of federal grants by a nonprofit education group that Johnson headed.

 
 
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Reported by: Powell Gammill
US Military: Asteroids hitting Earth now classified info News Link  •  Military
US Military: Asteroids hitting Earth now classified info
06-12-2009  •  Space 

A recent U.S. military policy decision now explicitly states that observations by hush-hush government spacecraft of incoming bolides and fireballs are classified secret and are not to be released, SPACE.com has learned.

The satellites' main objectives include detecting nuclear bomb tests, and their characterizations of asteroids and lesser meteoroids as they crash through the atmosphere has been a byproduct data bonanza for scientists.

The upshot: Space rocks that ex

 
 
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Reported by: Powell Gammill
News Link  •  Climate Change
Canada To Launch Carbon Market
06-12-2009  •  arclein 
Canada announced Wednesday plans for a carbon market that could eventually link up with nascent EU and proposed US markets to form a global system for carbon pollution trading. The local market would provide Canadian companies and individuals an opportunity to reduce their carbon emissions, which are linked to global warming .  Read Full Story
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Reported by: Robert Klein
Billion Year Memories News Link  •  Science, Medicine and Technology
Billion Year Memories
06-12-2009  •  arclein 
Berkeley Lab researchers have created a unique ultra-high density memory storage medium that can preserve digital data for a billion years. When it comes to data storage, density and durability have always moved in opposite directions - the greater the density the shorter the durability.  Read Full Story
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Reported by: Robert Klein
Gods Come Cheap These Days Opinion  •  Philosophy: Political
Food For Thought
Gods Come Cheap These Days
06-12-2009
Chuck Baldwin
  

When President George W. Bush was first elected back in 2000, I well remember the way Christian conservatives went gaga over him. They would deny it, of course, but it was more than hero worship: they acted as if he were a god.

 

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Strange Lightning Looks Like Jellyfish News Link  •  Weather News - Links - History
Strange Lightning Looks Like Jellyfish
06-12-2009  •  LiveScience 

Atmospheric scientist Oscar van der Velde, standing on his balcony in Barcelona, Spain, captured the sprite in spectacular detail on the night of June 5. He was  150 miles away from the storm.

"It was the sixth sprite that night that I could capture, and the second one at this zoom level," said van der Velde, of the Technical University of Catalonia. "This type of sprite is often called a 'carrot.'"

 
 
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Reported by: Powell Gammill
Obama's Speech In Egypt Opinion  •  Philosophy: Political
Food For Thought
Obama's Speech In Egypt
06-09-2009
Chuck Baldwin
  

 
Much has been made of President Barack Obama's "reconciliation" speech in Cairo, Egypt, last week. For the most part, the American media have focused on Obama's attempt to "repair" relations with the Muslim nations of the world.

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A Perfect Gift For Independence Day Opinion  •  Philosophy: Political
Food For Thought
A Perfect Gift For Independence Day
06-05-2009
Chuck Baldwin
   A few years ago, I sadly discovered that it was next to impossible to find our nation's great historic documents together in one volume, so we decided to fix that problem.

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A Salute To Mom And Dad Opinion  •  Philosophy: Political
Food For Thought
A Salute To Mom And Dad
06-2-2009
Chuck Baldwin
  
My youngest son is writing my column today in honor of Connie's and my 36th wedding anniversary. Tim is a Florida attorney who graduated from law school at the Cumberland School of Law at Samford University in Birmingham, Alabama.

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Opinion  •  Philosophy: Political
Food For Thought
"Must Watch" Immigration Videos
05-29-2009
Chuck Baldwin
  
Without a doubt, illegal immigration is one of this country's most serious problems. The toll exacted by illegals is incalculable.

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Grenade attack on taco stand kills 2 News Link  •  World News
Grenade attack on taco stand kills 2
06-12-2009  •  MSNBC 
Before fleeing, the assailants shot two tanks of cooking gas that exploded, burning the teenage taco stand worker to death, the spokesman said on condition of anonymity because his office does not allow him to give his name. Four other people were injured. 
 
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Reported by: Jim Stachowiak
Boy Hit by Meteorite News Link  •  Space Travel and Exploration
Boy Hit by Meteorite
06-12-2009  •  Space 

A 14-year old German boy was hit in the hand by a pea-sized meteorite that scared the bejeezus out of him and left a scar.

"When it hit me it knocked me flying and then was still going fast enough to bury itself into the road," Gerrit Blank said in a newspaper account. Astronomers have analyzed the object and conclude it was indeed a natural object from space, The Telegraph reports.

 
 
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Reported by: Powell Gammill
Iowa Woman Discovers New Cloud Type News Link  •  Weather News - Links - History
Iowa Woman Discovers New Cloud Type
06-12-2009  •  AP 
Looking out the 11th floor window of her law office, Jane Wiggins did a double take and grabbed her camera. The dark, undulating clouds hovering outside were unlike anything she'd seen before.

"It looked like Armageddon. The shadows of the clouds, the lights and the darks, and the greenish-yellow backdrop. They seemed to change."

 
 
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Reported by: Powell Gammill
Moles, not magic, make worm 'grunting' work News Link  •  Science, Medicine and Technology
Moles, not magic, make worm 'grunting' work
06-12-2009  •  AP 
Gary Revell gets up every morning before sunrise, heads into the woods and grunts.

Not because it's so early. It's the term for coaxing worms from the ground by the hundreds to be scooped up and plopped in a tin can until he can sell them for fishing bait.

 
 
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Reported by: Powell Gammill
IMMIGRATION AND OVERPOPULATION: YOU CAN EAT TOO MUCH AND GROW TOO FAT Opinion  •  Environment
CONNECTING THE DOTS
IMMIGRATION AND OVERPOPULATION: YOU CAN EAT TOO MUCH AND GROW TOO FAT
06-12-2009
Frosty Wooldridge
  
Nonetheless, the media reports its growing symptoms:  West is hurtling toward a water crisis”; www.sltrib.com/opinion/ci_11417265 ; “Toilet water to tap water”, Los Angeles Times, “Species extinction grows worldwide”, Population Media, and the list grows.

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Obama's Good Ship America News Link  •  Economy - Economics USA
Obama's Good Ship America
06-12-2009  •  arclein 
The US consumer is losing a large portion of his net worth and creditworthiness through no fault of his own. And who do you think the average American housewife is going to be blaming for this attack on their home? They are already beginning to wonder who the hell they elected. And somehow, a paean to socialist policies rings pretty hollow when one checks the size of your monthly unemployment payout.  Read Full Story
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Reported by: Robert Klein
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