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Date Sent: 2007-08-09
Freedom's Phoenix Headline News for Thursday, August 9, 2007 |
US uneasy as Britain plans for early Iraq withdrawal -- 1,001 contractors have died in Iraq
MISH: High Rate CDs and other Moral Hazards -- Behind the Scenes - Iowa Straw Poll -- US should consider gas tax -- US concerns over Guantanamo men -- Split in anti-war left -- Iraqi Christians were safer under Saddam -- Mortgage applications rise -- Public Wi-Fi raises hacking fears -- Clinton proposes crackdown in US mortgage market -- Treasury Secretary warns lawmakers on China trade bills -- How our economy will end on display -- King's Men Get Preferential Treatment for DUI Arrests -- Federal Goons Searching People at Indianapolis Bus Stops -- Another dam disaster looms in Iraq -- US, Mexico plan violent anti-drug war -- Iowa GOP Extorting Ron Paul Campaign -- Fred Thompson Announces Third Campaign Manager -- Rep. Waters wants to boycott Beijing Olympics -- In Gonzo we trust
Space shuttle launched...NYC transit flooded
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News Link • Economy - Economics USA
High Rate CDs and other Moral Hazards
8-8-2007
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Global Economic Analysis
People chasing "high yield" CDs are losing their life savings even in FDIC accounts. FDIC insurance is the problem because it causes money flow to the riskiest banks. This is a huge moral hazard as it provides funding for malinvestments suc
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Reported by:
Mike Shedlock
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News Link • Economy - International
China threatens 'nuclear option' of dollar sales
08-07-2007
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Telegraph
The Chinese government has begun a concerted campaign of economic threats against the US, hinting it may liquidate its vast holdings of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
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Reported by:
Jean Carbonneau
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News Link • WAR: About that War
1,001 contractors have died in Iraq
8-8-2007
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Houston Chronicle
More than 1,000 civilian contractors have been killed in Iraq since the U.S.-led invasion more than four years ago, according to Labor Department records.
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Reported by:
Powell Gammill
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News Link • Eugenics
Romney defends sons' lack of military service
8-8-2007
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USA Today
Republican presidential hopeful Mitt Romney defended his 5 sons' decision not to enlist in the military, saying they're showing their support for the country by "helping me get elected." Romney, who did not serve in Vietnam due to h
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Reported by:
Powell Gammill
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News Link • Legislative Mischief
CONgress deserves a nice new gym
8-8-2007
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The Hill
Pelosi is set to square off against Rep. Neil Abercrombie (D-Hawaii), the power-lifting chairman of the House gym committee. Efforts to secure funding in the legislative branch spending bill to begin an $8 million renovation of the House gym.
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Reported by:
Powell Gammill
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News Link • Energy
US should consider gas tax: Ford chief
8-8-2007
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AFP
The United States should consider implementing a European-style gasoline tax if it hopes to deal with energy security and global warming, the head of Ford Motor Co. said.
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Reported by:
Powell Gammill
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News Link • Politics: Republican Campaigns
Not so Young Republican President resigns after accused of raping a guy
8-8-2007
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PageOneQ
The President of the National Young Republicans, under allegations of sexually harassing another man, has resigned from his post. ..."had the blankets pulled up over the waist of [redacted] and was committing oral sex on him when he awoke."
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Reported by:
Powell Gammill
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News Link • Military
Army says soldier's claims untrue, magazine defends story
8-8-2007
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Raw Story
An Army investigation has found no truth in a soldier's claims of inhumane conduct by US troops on the battlefield. But the magazine is standing by its story, and debate over Scott Thomas Beauchamp's honesty continues to rage in the blogosphe
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Reported by:
Powell Gammill
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News Link • Torture
US concerns over Guantanamo men
8-8-2007
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BBC News
The US is considering a request from the British Foreign Office to release five former UK residents from Guantanamo Bay detention center.
Read Full Story
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Reported by:
Powell Gammill
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News Link • WAR: About that War
The Tenuous Case for Strategic Patience in Iraq: A Trip Report
8-8-2007
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by Anthony Cordesman (CSIS)
The US now has only uncertain, high risk options in Iraq. It cannot dictate Iraq’s future, only influence it, and this presents serious problems at a time when the Iraqi political process has failed to move forward in reaching a consensus or peaceful
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Reported by:
Powell Gammill
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News Link • Politics: Democratic Campaigns
Split in anti-war left
8-8-2007
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The Hill
Congress’s failure to secure a timetable for withdrawing American troops from Iraq has split anti-war activists on the tactical question of whether to attack Democrats, who now control Capitol Hill. [Arguing over two sides of the same coin.]
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Reported by:
Powell Gammill
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News Link • WAR: About that War
Iraqi Christians were safer under Saddam, says Vatican official
8-8-2007
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Catholic News
Although Iraq has a democratic government, Iraqi Christians were safer and had more protection under former Iraqi dictator Saddam Hussein, said the future head of the Vatican's interreligious dialogue council.
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Reported by:
Powell Gammill
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News Link • Foreign Policy
Lebanese strike a blow at US-backed government
8-8-2007
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The Independent
They've done it again. The Arabs have, once more, followed democracy and voted for the wrong man.
Just as the Palestinians voted for Hamas when they were supposed to vote for the Palestinian Authority of Mahmoud Abbas, so the Christian Maroni
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Reported by:
Powell Gammill
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News Link • WAR: About that War
Patriots Who Love the Troops to Death
8-8-2007
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NY Times
William Kristol published a manifesto, “Why Bush Will Be a Winner,.” It reassured the Bush presidency would “probably be a successful one” and that “we now seem to be on course to a successful outcome” in Iraq. The president liked this piece so much
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Mortgage applications rise as desperate home owners switch adjustable for fixed rate loan
8-8-2007
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Bloomberg
Mortgage applications in the U.S. rose last week by the most since January, as cheaper borrowing costs encouraged more Americans to seek loans for home purchases and refinancing.
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Reported by:
Powell Gammill
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News Link • WAR: About that War
US uneasy as Britain plans for early Iraq withdrawal
8-8-2007
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The Guardian
The Bush administration is becoming increasingly concerned about the impact of an imminent British withdrawal from southern Iraq and would prefer UK troops to remain for another year or two.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Internet
Public Wi-Fi raises hacking fears
8-8-2007
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USA Today
Laptop road warriors beware: Wi-Fi hot spots that let you hop onto the Internet anywhere you travel leave you wide open to hackers. T-Mobile and AT&T" the largest providers of Wi-Fi hot spots in coffee shops, bookstores and airports " don't requi
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Clinton proposes crackdown in US mortgage market
8-8-2007
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Reuters
With the U.S. mortgage market in turmoil, Democratic presidential front-runner Sen. Hillary Clinton on Tuesday proposed clamping down on lending abuses and providing more aid to families who face losing their homes.
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Treasury Secretary warns lawmakers on China trade bills
8-8-2007
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Reuters
U.S. Treasury Secretary Henry Paulson warned on Tuesday it was a mistake for U.S. lawmakers to blame American job losses on global competition and use it as an excuse for passing protectionist trade laws aimed at China.
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Reported by:
Powell Gammill
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Opinion • Economy - International
Fascist Nation
How our economy will end on display
August 8, 2007
Powell Gammill
The Chinese finally had enough of our strutting peacock of a President, and are letting him know they are willing to turn the US dollar overnight into paper by selling off their $1.3 trillion in cash reserves and concomitantly cease buying our bonds.
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News Link • Draft
Washington Cops Get Preferential Treatment for DUI Arrests
08-08-2007
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The Newspaper
The Seattle Post-Intelligencer pieced together records concerning 63 of 92 police DUI arrests in recent years. An ordinary citizen refusing a breath test has a 16 in 17 chance of losing his license. Only one in four cops faced the same punishment.
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Reported by:
Terry Bressi
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News Link • Police State
Federal Agents Searching People at Indianapolis Bus Stops
08-08-2007
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Daily Kos
Dozens of TSA agents recently setup checkpoints at Indianapolis bus stops and searched passengers trying to peacefully ride city buses. Air Marshals patted people down, searched bags, and performed "behavior" tests to intimidate the traveli
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Reported by:
Terry Bressi
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News Link • Bush Administration
Leahy sets final deadline for wiretapping documents
08-08-2007
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Raw Story
The chairman of the Senate Judiciary Committee has given the White House another 12 days to hand over documents it requested nearly six weeks ago regarding the adminstration's legal justifications for its warrantless wiretapping program.
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Reported by:
Jean Carbonneau
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News Link • Foreign Policy
Israel requests changes to US military aid
08-08-2007
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Ynet News
US to boost aid from $24 to $30 billion over the next 10 years. Washington now considering requests to add regular annual sum instead of current additional 4%.
Read Full Story
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Reported by:
Jean Carbonneau
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News Link • World News
Another disaster looms in Iraq
08-08-2007
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Independent
As world attention focuses on the daily slaughter in Iraq, a devastating disaster is impending in the north of the country, where the wall of a dam holding back the Tigris river north of Mosul city is in danger of imminent collapse. "It could g
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Reported by:
Jean Carbonneau
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News Link • Drug War
US, Mexico plan violent anti-drug war
8-8-2007
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AFP
The US government is closing in on a deal with Mexico to launch a major fight against the violent drug cartels there ... which would include telephone-tapping equipment and radars to track traffickers as they ship the drugs.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Politics: Republican Campaigns
Iowa GOP Extorting Ron Paul Campaign
8-8-2007
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National Expositor
Director of communications for the Ron Paul Campaign, Jesse Benton, stated today that the Iowa GOP would charge the Paul camp $184,000 if they wanted to verify a paper count of the coming Iowa straw poll. Today, on the Dale Williams radio show, Mr.
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Reported by:
Ed Vallejo
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News Link • Eugenics
Fred Thompson Announces Third Campaign Manager
8-8-2007
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AP
The all-but-declared candidate collected $1.5 million less than the $5 million predicted for June. In July, Thompson sidelined his campaign-manager-in-waiting, Tom Collamore, and watched other aides follow him out the door amid consternation inside t
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Reported by:
Powell Gammill
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News Link • Space Travel and Exploration
Scientists discover largest-known planet
08-08-2007
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My Way
Scientists have discovered the universe's largest known planet, a giant ball made of mostly hydrogen that is 20 times larger than Earth and circling a star 1,400 light-years away. Scientists believe the planet is 1.7 times the diameter of Jupite
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Reported by:
Jean Carbonneau
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News Link • Entertainment: Sports
Rep. Waters wants to boycott Beijing Olympics
08-08-2007
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Politico
Rep. Maxine Waters (D-CA) introduced a resolution as Congress prepared to break for the August recess Saturday, urging President Bush to boycott the 2008 Olympics in Beijing. Waters and others involved in the effort to end the humanitarian crisis in
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Reported by:
Jean Carbonneau
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News Link • Media: Print
A reporter speaks out about the Iraq war
08-08-2007
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Nieman Watchdog
Sig Christenson of the San Antonio Express-News ridicules comments by politicians, laments the lack of reporters covering the war, and cites ground rules that are crippling for photojournalists. He says the media aren't pressing for answers
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Reported by:
Jean Carbonneau
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News Link • Bush Administration
In Gonzo we trust
08-08-2007
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Slate
Happy six-month anniversary, US attorney scandal! (And what do you get for the scandal that has everything?) The half-birthday of the purge scandal's explosion onto the front pages last February brings a new round of attempts to explain
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Reported by:
Jean Carbonneau
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News Link • Economy - Economics USA
A lifetime of saving evaporates with bank's collapse
8/07/2207
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http://www.post-gazette.com/
Raymond Przybilinski socked away $521,000 from a lifetime of driving trucks, working overtime when he could and playing the piano or accordion late into the evenings at weddings, hotel bars and social clubs.
Read Full Story
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Reported by:
Thomas Costanzo
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| Tags: freedoms, phoenix, archives, politics, libertarian, alternative, government, freedom |
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