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Date Sent: 2009-07-29
Freedom's Phoenix Global Edition for Wednesday, July 29, 2009 AM edition
 
96% of Credit Derivative Risk Held by 5 Banks -- China tells US to manage flood of dollars with care

N.J. Man Facing Bribe Charge Is Found Dead -- House Panel Approves Limits On Executive Pay -- Hal Turner was an FBI informant, as hackers claimed a year ago -- Military planning for possible H1N1 outbreak -- Wyoming Governor Calls for 10th Amendment Resolution -- Schwarzenegger signs budget with more welfare cuts -- Kucinich: The Federal Reserve Is Paying Banks NOT to Make Loans -- US should give Chinese chicken a chance -- Pregnancy likely to be swine flu shot priority -- Govt considers limits on energy trading -- Transparent aluminum is 'new state of matter' -- Idaho man sodomized by police Taser

AZ: Show the Workshop some LOVE Thursday Night 6pm; Announcing a new Freedom Summit for December!!!!


 

96% of Credit Derivative Risk Held by 5 Banks
News Link  •  Crony Capitalism
96% of Credit Derivative Risk Held by 5 Banks
07/27/2009  •  Washington;s Blog 
Fitch's has found that JP Morgan Chase, Bank of America, Goldman Sachs, Citigroup, and Morgan Stanley together hold 80% of the country's derivatives risk, and 96% of the exposure to credit derivatives: About 80% of the derivative assets and liabilities carried on the balance sheets of 100 companies reviewed by Fitch were held by five banks: JP Morgan Chase, Bank of America, Goldman Sachs, Citigroup, and Morgan Stanley. Those five banks also account for more than 96% of the companies' exposure to credit derivatives. Geithner's new rules would allow the over-the-counter market to boom again, orchestrated by global giants that will continue to be "too big to fail" (they may have to be rescued again someday, in other words). And most of it will still occur largely out of sight of regulated exchanges... The old culture is reasserting itself with a vengeance. All of which runs up against the advice now being dispensed by many of the experts who were most prescie  Read Full Story
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China tells U.S. to manage flood of dollars with care News Link  •  Economy - Economics USA
China tells U.S. to manage flood of dollars with care
07-28-2009  •  Reuters 
A top Chinese official said on Tuesday the United States should be careful about flooding global markets with dollars while the world struggles to restore economic stability and get growth back on track.
 
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Reported by: Powell Gammill
N.J. Man Facing Bribe Charge Is Found Dead News Link  •  Corruption
N.J. Man Facing Bribe Charge Is Found Dead
07-28-2009  •  NY Times 
A veteran New Jersey political consultant who was among dozens arrested in a huge corruption sweep last week was found dead in his Jersey City apartment on Tuesday, the same day that one of three mayors charged in the case resigned.
 
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Reported by: Powell Gammill
City Dumps Homeless With One-Way Tickets Elsewhere News Link  •  Economy - Economics USA
City Dumps Homeless With One-Way Tickets Elsewhere
07-28-2009  •  NY Times 
The Bloomberg administration, which has struggled with a seemingly intractable problem of homelessness for years, has paid for more than 550 families to leave the city since 2007, as a way of keeping them out of the expensive shelter system, which costs $36,000 a year per family. All it takes is for a relative elsewhere to agree to take the family in.
 
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Reported by: Powell Gammill
Freedom Summit # 8 - December 4th - 6th 2009 Feature Article  •  Events: Arizona
Freedom Summit # 8 - December 4th - 6th 2009
Ernest Hancock
   Confirmed Speakers: Thomas E. Woods Jr. - John Taylor Gatto - Judge John Buttrick - Adam Kokesh - Joel Skousen - Charles Goyette - Ernest Hancock - Marc Victor - Entertainment: Jordon Page - (Ron Paul is unable to confirm as yet. At least 3-4 more speakers TBA)

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Show the Freedom's Phoenix Workshop some love Tonight at 6pm....and as always, have some fun! News Link  •  Freedom's Phoenix
Show the Freedom's Phoenix Workshop some love Tonight at 6pm....and as always, have some fun!
07-28-2009  •  Phoenix Ron Paul Meetup 
There's been a LOT of activity lately at the Freedom's Phoenix Workshop, and it's time for a 'housecleaning'. General cleaning and sprucing up of the work areas, the kitchen facilities, the bathroom, etc.  Oh....and there's the usual potluck. ( Oh yeah, start singing to your favorite songs, Dugger is bringing his Karaoke system,... a real one uses at clubs )
 
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Reported by: Jet Lacey
House Panel Approves Limits On Executive Pay News Link  •  Legislative Mischief
House Panel Approves Limits On Executive Pay
07-28-2009  •  Washington Post 

The House Financial Services committee voted moments ago to ban pay practices at financial firms that encourage "inappropriate risk," one of the government's boldest moves into the private sector.

The vote by the committee, chaired by Rep. Barney Frank
 
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Reported by: Powell Gammill
White supremacist radio host Hal Turner was an FBI informant, as hackers claimed a year ago News Link  •  Media: Radio
White supremacist radio host Hal Turner was an FBI informant, as hackers claimed a year ago
07-28-2009  •  RawStory.com 

White supremacist radio host Hal Turner was an FBI informant, his lawyer revealed in court today. The announcement is a confirmation of what hackers claimed nearly a year ago after allegedly gaining access to his e-mails.

Turner was arrested on June 24 for allegedly calling for the murder of three judges who supported the Chicago gun ban. The confession by his attorney came at a bond hearing Tuesday.

"Attorney Michael Orozco [...] said his client gave authorities information about a plot to assassinate President Barack Obama," reported the Associated Press.

However, prosecutors said they had no information about the alleged plot, but did confirm Turner had a relationship with the bureau. Attorney William Hogan told the wire service that relationship had ended "some time ago."

  
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Reported by: Ernest Hancock
Military planning for possible H1N1 outbreak News Link  •  Martial Law
Military planning for possible H1N1 outbreak
07-28-2009  •  CNN 
U.S. military wants to establish regional teams of military personnel to assist civilian authorities in the event of a significant outbreak of the H1N1 virus this fall  Read Full Story
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Reported by: Steven Arthurs
A suspect is tasered three times by police before being punched? New York? No, the streets of the UK News Link  •  Police State
A suspect is tasered three times by police before being punched? New York? No, the streets of the UK
07-28-2009  •  Daily Mail 
Shocking footage shows one officer repeatedly stunning the 40-year-old man with the high-voltage weapon as he lies in the middle of a busy city center.
 
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Reported by: Jim Stachowiak
Wyoming Governor Calls for 10th Amendment Resolution News Link  •  Constitution
Wyoming Governor Calls for 10th Amendment Resolution
7/28/09  •  10th Amendment Center 
Wyoming Governor Dave Freudenthal today transmitted the following memorandum and proposed resolution on state sovereignty to the Wyoming Legislature’s Management Council. As you know, individual states have been adopting Sovereignty Resolutions over the past few years. Such resolutions have been considered by the Wyoming Legislature over the years as well. Representative Illoway is working on one for this session.  Read Full Story
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Reported by: Anonymous Watchman
Air Force Plans to Dodge Chinese Missile Barrage News Link  •  WAR: About that War
Air Force Plans to Dodge Chinese Missile Barrage
07-28-2009 

Washington and Beijing are working closely on a range of economic, environmental and security issues. So it might seem strange that U.S. Pacific Air Force’s new annual wargame, “Pacific Vision,” imagines a no-holds-barred assault by Chinese forces on the U.S. military’s Pacific outposts " and how U.S. forces might dodge the attacks. “A key subject was dispersal of aircraft, in particular, during a military emergency since bases in Okinawa, Guam, Hawaii and Alaska are now considered vulnerable to attack by ballistic missiles, cruise missiles, cyber weapons and directed energy such as lasers and high power microwaves,” Ares’ David Fulghum reports.

An October study by think-tank RAND claimed that a volley of 34 Chinese ballistic missiles could damage, destroy or strand 75 percent of aircraft” at Kadena Air Force Base in Japan, pictured. Kadena is the Pentagon’s most important outpost for East Asian air operations. The perceived vulnerability of existing U.S. air base  Read Full Story
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Reported by: Thomas Costanzo
Starve The Bastards. News Link  •  Currencies
Starve The Bastards.
07/27/2998  •  Gold Eagle 
For many years we have all reached a resigned indifference to the way inflation figures are manipulated to suit the masters of the day. The end result is that GDP growth is overstated and adjustments to wages and pensions muted. This same scenario is now being witnessed with the unemployment figures. On the face of it unemployment is still below 10% but if measured in the same way as it was under administrations gone by it ranges from 15-20% in the USA.  Read Full Story
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Schwarzenegger signs budget with more welfare cuts News Link  •  Government
Schwarzenegger signs budget with more welfare cuts
07-28-2009  •  Judy Lin 
Gov. Arnold Schwarzenegger signed a revised $85 billion budget Tuesday that he said contained "the good, the bad and the ugly," including additional cuts to child welfare programs, health care for the poor and AIDS prevention efforts.

Schwarzenegger used his line-item veto authority to save an additional $656 million that will let the state restore a reserve fund he said is needed for tough times.

Democrats immediately protested the social spending reductions and threatened to block his political agenda during his final months in office.

"This kind of game playing by the governor doesn't bode well for success in terms of water, corrections, pensions or any of the other items the he is looking to in order to build some kind of real legacy," Assembly Speaker Karen Bass said.

The new budget should help the stat  Read Full Story
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Reported by: Thomas Costanzo
We MUST NOT allow the forced poisoning of our children to take place! News Link  •  Bioterrorism
We MUST NOT allow the forced poisoning of our children to take place!
07-28-2009  •  ISIS 
Knowingly poisoning our children is criminal!! There are alternatives to fighting disease. The very best way to protect yourself and your family against disease is to boost your immune system.  Read Full Story
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Reported by: Donna Hancock
MSNBC Implies People Skeptical Of Government Are Psychologically Insane News Link  •  MEDIA (MainStreamMedia - aka MSM)
MSNBC Implies People Skeptical Of Government Are Psychologically Insane
07-28-2009  •  Paul Joseph Watson 

During a discussion of the Obama birth certificate controversy, MSNBC host Chris Matthews and his guests implied that anyone who questions the official 9/11 story, thinks the Bilderberg group are exercising power to create a world government, people who are worried about gun control and immigration, or even people who are merely skeptical of government, are psychologically insane.

Responding to Matthews’ implication that people who had questions about Obama’s birthplace were “full mooners” and insane, MSNBC political analyst Howard Fineman included “people who are worried about the government taking up the guns, people who deny the federal government has a right to tax your income, people who are worried about being overrun at the borders,” in the same category and said they were merely looking for a reason to find a conspiracy behind Obama.

Matthews then brought up a psychological test  Read Full Story
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Reported by: Thomas Costanzo
Sticker Shock: $23.7 Trillion Bailout? News Link  •  Economy - Economics USA
Sticker Shock: $23.7 Trillion Bailout?
07-28-2009  •  MATTHEW JAFFE and DEVIN DWYER 

"The total potential federal government support could reach up to $23.7 trillion," says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, in a report released today on the government's efforts to fix the financial system.  Yes, $23.7 trillion.

"The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn't even imaginable," said Rep. Darrell Issa, R-Calif., ranking member on the House Oversight and Government Reform Committee.

"If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just $1 trillion -- $23.7 trillion is a staggering figure." To be sure, we aren't there yet.

The government has about 50 different programs to fight the current recession, including programs to bail out ailing banks and automakers, boost lending and beat back the housing crisis.  
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Reported by: Thomas Costanzo
A $100 million bonus News Link  •  Economy - Economics USA
A $100 million bonus
07-28-2009  •  Kim Peterson 
Citigroup (C) is considering paying a $100 million bonus -- to one guy.

This is the same Citigroup that received $45 billion in bailout money. The same Citigroup that will soon be 34% owned by the U.S. government. The same Citigroup that has lost 95% of its share value since 2007.

Citigroup is in no position to be awarding bonuses of $10 million -- let alone adding another zero to that amount. So why is it mulling such a colossally dumb move? Because the guy demanding it is probably the bank's most valuable employee.

Enter Andrew Hall. He's a rock star, a legend among banking circles. He makes a boatload of money for Citigroup as head of Phibro, the bank's energy-trading unit. The Wall Street Journal calls Phibro a secretive operation, housed in a former Connecticut dairy farm, that "occasionally accounts for a disproportionate chunk of Citigroup income."

Phibro made so much money for Citigroup last year that Hall got a $10  Read Full Story
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Reported by: Thomas Costanzo
The Truth about Socialized Medicine News Link  •  Healthcare Industry
The Truth about Socialized Medicine
07-28-2009  •  Audrey Mayer 

I have been hearing a lot of pundits and politicians bemoan “socialized medicine” and its supposed inefficiencies and inequities. These horror stories are never accompanied by data, just hearsay and anecdotes from “a friend of a friend” in Canada or the United Kingdom. Rarely have I heard from people who have themselves experienced a universal public health care system. As one of those people, I thought I should speak up.

While living in Finland for three years, I experienced socialized medicine up close and personal. I gave birth to my son there.

Finland’s public health care system is run by a government agency called KELA, and the doctors, nurses, dentists, and other health care workers are government employees. KELA usually covers 100% of the cost of most services at public clinics, with small copayments for prescriptions and hospital stays that are scaled to a patient’s income. Finland also has many private clinics that are available to those who w  Read Full Story
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Reported by: Thomas Costanzo
Obama ignores torture News Link  •  Obama Administration
Obama ignores torture
07-28-2009  •  HELEN THOMAS 
Secrecy is endemic in all governments. It goes with the turf, especially if their leaders hope to hide illegal or immoral behavior, such as torture of foreign prisoners.   Many Americans heaved a sigh of relief last January when President Barack Obama banned the torture of prisoners at Guantanamo Bay, Cuba.

It made the administration look more humane than the Bush-Cheney team. But that is not the whole story.

Obama left unaddressed the possibility of torture in secret foreign prisons under our control as in Abu Ghraib in Iraq or Bagram in Afghanistan, not to mention the 'black sites" sponsored by our foreign clients in Pakistan, Saudi Arabia, Jordan, Israel, Thailand and other countries.

"The United States will not torture," Obama said in his directive. But he has been silent on the question of whether the U.S. would help others do the torturing.

Members of Congress knew a lot about U.S. torture practices. But Republica  Read Full Story
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Reported by: Thomas Costanzo
Secret pay deals give top police thousands extra News Link  •  Police State
Secret pay deals give top police thousands extra
07-28-2009  •  TimesonLIne 

Senior police officers are receiving “off-book payments” and secret perks totalling hundreds of thousands of pounds, including private school fees and cars for their spouses.

The Times has discovered that one chief constable heading a force of just 1,700 officers was paid a £74,000 top-up on his salary last year. Sean Price, of the Cleveland force, was paid a £50,000 “retention package” and an “honorarium” of £24,000, raising his income to £200,000.

The private deals, sometimes referred to as debentures or supplements, are negotiated with police authorities behind closed doors and paid over and above salaries agreed in national negotiations.

The incentives include generous relocation packages, satellite TV, home security and even “lifestyle coaching”. They are legal but largely hidden from the public. The Times has uncovered the scale of the practice.

  
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Reported by: Thomas Costanzo
Liberty Rider arrives at Alctraz, completes cross country journey. News Link  •  Activism
Liberty Rider arrives at Alctraz, completes cross country journey.
07-28-2009  •  www.LibertyRider.com 
Michael Maresco, Liberty Rider and man of steel, has completed his cross country Ride For Honesy. From the Statue of Liberty in New York to California's Alcatraz prison, Mike has spread the word of the R3VOlUTION far and wide. What does he plan next? Hint: have a Kokesh and a smile!  Read Full Story
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Reported by: Found Zero
U.S. Turns Off News Billboard Atop Its Mission in Havana News Link  •  Crony Capitalism
U.S. Turns Off News Billboard Atop Its Mission in Havana
07-28-2009  •  The New York Times07/27/2009 
MEXICO CITY " The Obama administration has pulled the plug on an electronic billboard outside the American diplomatic mission in Havana that was used to tweak the Cuban government with pro-democracy messages and became a symbol of the bad blood between the two countries.  Read Full Story
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Reported by: Lola Flores
Kucinich: The Federal Reserve Is Paying Banks NOT to Make Loans (VIDEO) News Link  •  Federal Reserve
Kucinich: The Federal Reserve Is Paying Banks NOT to Make Loans (VIDEO)
07/28/09  •  Cryptogon.com 
What would happen if the banks did lend out that money? Inflation would explode and the Chinese would spit the dummy: China’s government remains “concerned” about the value of its U.S. assets, a Finance Ministry official said on the first day of bilateral talks with his counterparts in Washington. “China has a huge amount of investment in the U.S., mainly in the form of Treasury bonds,” Assistant Finance Minister Zhu Guangyao said in a press briefing with reporters. “We are concerned about the security of our financial assets.” Zhu’s comments follow repeated public assurances by Treasury Secretary Timothy Geithner that the Obama administration is committed to reining in a record budget deficit once an economic recovery is secured. China is the largest foreign investor in U.S. government debt, and any drop in its demand could threaten higher borrowing costs It’s another week and that means another record U.S. debt offering. Let’s see how it goes. Video at site  Read Full Story
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Drop Dead? Is That the Way Republican Reps. Talk to Seniors? News Link  •  Healthcare
Drop Dead? Is That the Way Republican Reps. Talk to Seniors?
7/23/09  •  AFL CIO News 
Opponents of critically needed health care reform continue to demonstrate how out of touch they are with working America"and in a recent egregious comment by a House Republican, the opposition has also insulted the nation’s seniors. Here’s what Florida Rep. Ginny Brown-Waite said Tuesday on the House floor: “Last week, Democrats released a health care bill which essentially said to America’s seniors: ‘Drop dead.’ ” Tony Fransetta, president of the Florida Alliance for Retired Americans, is outraged by Brown-Waite’s injudicious and downright ugly comment.  Read Full Story
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Reported by: Anonymous Watchman
The Free Market and its Enemies Feature Article  •  Economy - Economics USA
The Free Market and its Enemies
Thomas Costanzo
   “When the government tries to make people more equal, it makes them more unequal.”  James Cook   “The first lesson which we meet again and again in history, is that once the dole or similar relief program are introduced, they seem almost inevitably " unless surrounded by rigid restrictions " to get out of hand.  The second lesson is that one this happens the poor become more numerous and worse off then they were before, not only because the have lost self reliance, but because the sources of wealth and production on which they depend for either their doles or jobs are diminished or destroyed.”  Henry Hazlitt

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Pregnancy likely to be swine flu shot priority News Link  •  Healthcare Industry
Pregnancy likely to be swine flu shot priority
07-28-2009  •  AP 
Swine flu has been hitting pregnant women unusually hard, so they are likely to be among the first group advised to get a new swine flu shot this fall.

Pregnant women account for 6% of U.S. swine flu deaths since the pandemic began in April, even though they make up just 1% of the U.S. population.

  
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Reported by: Powell Gammill
US should give Chinese chicken a chance-meat group News Link  •  Free Trade
US should give Chinese chicken a chance-meat group
07-28-2009  •  Reuters 
[nice that your tax absconded government props your chicken prices up] The US meat sector urged Congress to lift a ban that effectively prevents Chinese poultry imports in order to avoid retaliation on their own exports to China.  Read Full Story
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Reported by: Powell Gammill
Girl Sees Fine With Half a Brain News Link  •  Science, Medicine and Technology
Girl Sees Fine With Half a Brain
07-28-2009  •  LiveScience 
A 10-year-old girl from Germany has had quite a normal life despite the fact she was born with only half her brain. Even more surprising, she has almost perfect vision in one of her eyes.   
Now, scientists have figured out why. The girl's brain rewired itself " likely in the womb " so that it's able to process information from both the right and left fields of vision even though she is missing the right brain hemisphere, which failed to develop while she was in the womb.
  
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Reported by: Powell Gammill
As sales-tax plan gathers support, questions linger News Link  •  Arizona's Top News
As sales-tax plan gathers support, questions linger
07-28-2009  •  AZ Central 
Gov. Brewer says money from the tax would ease a $3.4 billion deficit. Lawmakers say an economic downturn is the wrong time to raise taxes, although there were indications their resistance is softening. [as expected]
 
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Reported by: Powell Gammill
Govt considers limits on energy trading News Link  •  Energy
Govt considers limits on energy trading
07-28-2009  •  AP 
[Here come the shortages.] With consumers hit by oil price swings, federal regulators may be moving toward imposing limits on speculative energy trading, which some blame for price volatility.

The head of the U.S. agency weighing new curbs faulted "excessive" speculation but also underscored the role of financial investors in helping set fair prices that can benefit consumers.

  
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Reported by: Powell Gammill
Common, safe blue food dye may treat broken spines News Link  •  Science, Medicine and Technology
Common, safe blue food dye may treat broken spines
07-28-2009  •  Reuters 
A common and safe blue food dye might provide the best treatment available so far for spinal cord injuries, U.S. researchers reported.
 
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Reported by: Powell Gammill
Another UBS client pleads guilty to US tax charges News Link  •  TAXES: Federal
Another UBS client pleads guilty to US tax charges
07-28-2009  •  AP 
Businessman Jeffrey Chernick of pleaded guilty to filing a false tax return in Fort Lauderdale federal court. He becomes the third U.S. client to plead guilty in a wide-ranging tax evasion investigation involving UBS.  Read Full Story
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Reported by: Powell Gammill
Shakedown News Link  •  Revolutions, Rebellions & Uprisings
Shakedown
07-28-2009  (Publisher: Canada's Government Problem is just as bad as ours.) Central Alberta Dairy Pool v. Alberta (Human Rights Commission)   Lindy (http://www.lindymusic.com) performs his new song "Shakedown" which is inspired by Ezra Levant (http://www.ezralevant.com), his book, and his ordeal with the Alberta Human Rights Commission.

This was one of the many songs he performed at the Liberty Summer Seminar 2009 (http://www.liberalstudies.ca).

And is that cabinet minister Jason Kenney singing at the end?

http://www.westernstandard.ca
 
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Reported by: Ernest Hancock
Transparent aluminium is 'new state of matter' News Link  •  Science, Medicine and Technology
Transparent aluminium is 'new state of matter'
07-28-2009  •  www.physorg.com 

In this week’s Nature Physics an international team, led by Oxford University scientists, report that a short pulse from the FLASH laser ‘knocked out’ a core electron from every aluminium atom in a sample without disrupting the metal’s crystalline structure. This turned the aluminium nearly invisible to extreme ultraviolet radiation.

''What we have created is a completely new state of matter nobody has seen before,’ said Professor Justin Wark of Oxford University’s Department of Physics, one of the authors of the paper. ‘Transparent aluminium is just the start. The physical properties of the matter we are creating are relevant to the conditions inside large planets, and we also hope that by studying it we can gain a greater understanding of what is going on during the creation of 'miniature stars' created by high-power laser implosions, which may one day allow the power of nuclear fusion to be harnessed here on Earth.’

The discovery was   Read Full Story
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Reported by: Ernest Hancock
Antiwar Radio: Robert Murphy and Gareth Porter Opinion  •  Federal Reserve
Antiwar Radio: Robert Murphy and Gareth Porter
07-28-2009
Angela Keaton
  
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Redflex: Under Investigation News Link  •  Arizona's Top News
Redflex: Under Investigation
07/28/2009  •  CameraFRAUD 
The lunatics at Redflex are in charge of the insane asylum of photo enforcement as DPS backs away from a public relations nightmare. Over 3,600 people were inexplicably set for the same court date in Phoenix, prompting an angry response from those who actually appeared and mounting frustration from court administrators. Judge Rachel Carrillo told ABC15: “The clerks are completly overworked, very stressed. We have people very angry at our counters, some theatening. We are trying to get Redflex to work with us and not do what they did today.”  Read Full Story
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Reported by: Camera FRAUD
Idaho man sodomized by police Taser News Link  •  Police State
Idaho man sodomized by police Taser
07-28-2009  •  Raw Story 
Boise, Idaho, police officer who pushed a Taser inside a man’s buttocks and threatened to “Taser his balls” violated use-of-force policy, but didn’t break the law, an ombudsman has found.       Read Full Story
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Reported by: Jim Stachowiak
Radio/TV Show  •  Declare Your Independence with Ernest Hancock - Radio
Host: Ernest Hancock
"Declare Your Independence with Ernest Hancock" - July 28th 2009
   Hour 1 - Shelly Roche from -"Break the Matrix" & "Freedom Watch" on FOX Online / Hour 2 - Chris Simcox (in studio) Founder of the Minutemen is running against John McCain for Az US Senate.
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