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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!!!!
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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
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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
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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
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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
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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.
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Reported by:
Anonymous Watchman
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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
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Reported by:
Thomas Costanzo
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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.
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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
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Reported by:
Thomas Costanzo
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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
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Reported by:
Thomas Costanzo
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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
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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
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Reported by:
Thomas Costanzo
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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
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Reported by:
Thomas Costanzo
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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
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Reported by:
Thomas Costanzo
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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
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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!
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Reported by:
Found Zero
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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.
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Reported by:
Lola Flores
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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
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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.
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Reported by:
Anonymous Watchman
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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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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
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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
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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
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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
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Reported by:
Ernest Hancock
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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.”
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Camera FRAUD
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Tags: freedoms, phoenix, archives, politics, libertarian, alternative, government, freedom |
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