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Date Sent: 2009-09-03
Freedom's Phoenix Global Edition for Thursday, September 3, 2009 PM edition |
China closes doors to European businesses -- Uncle Sam Blowing Fresh Air Into Housing Balloon?
Are US Taxpayers Funding the Taliban? -- Hong Kong Repatriates Gold Reserves from London -- Florida's Rising Taxes And Political Ineptitude -- Using Cap and Trade to destroy Capitalism and bring forth a Global Government -- MD Gov. Calls Seasonal Flu Shots a 'Patriotic Duty' --
Former SEC Chair Arthur Levitt: ‘We Won’t Prevent the Next Bernie
Madoff’ -- Finger bitten off during California health protest -- Steven
Anderson's Yuma City Warrant for "Disorderly Conduct,"-- The Option of
Liberty - by Justin Buell -- Ron Paul Makes Rock Star Appearance At Loyola New Orleans -- Pol nabbed on New Hampshire booze run -- Trouble in the Sand States - by Bill Bonner -- BP Makes ‘Giant’ Oil Discovery In Gulf Of Mexico -- The Undead of the Banking World - by Bill Bonner -- Activism in Defense of Free Speech is No Vice
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News Link • Economy - International
China closes doors to European businesses
Doing business in China is getting harder, not easier, ac
09-03-2009
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Telegraph
The report, from the European Union Chamber of Commerce in China, covers the whole gamut of the Chinese economy, from industrial chemicals to mobile phones to banking. It paints a troubling picture of the Chinese business landscape, filled with discrimination against foreign companies, arbitrary laws and regulations, and abuses of China's World Trade Organisation obligations.
Although China has repeatedly complained about protectionism in the United States and Europe, the report suggests that China is one of the most protectionist major economies.
Joerg Wuttke, the president of the European Chamber, warned that "China needs Europe more than Europe needs China", and pointed out that the EU is a bigger market than the US for China, and exports to European countries make up 7pc of Chinese GDP.
According to the World Bank, China ranks 83rd out of 181 countries in its annual assessment of how easy it is to do business. The emerging superpower scored lower than Kenya, Vanu
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News Link •
Uncle Sam Blowing Fresh Air Into the Housing Balloon?
09-03-2009
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Wall St. Pit
With housing prices down 30+% on average over the last few years, is Uncle Sam blowing fresh air into the housing balloon and actually creating another housing bubble? I believe that’s exactly what is happening.
If you are scratching your head and think I am off base with my assertion, please navigate this path along our economic landscape with me.
What drove the housing bubble? Cheap rates and undisciplined lending from the private sector. What added to the bubble? The internal ‘hedge fund’ portfolios of Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM).
What is perpetuating the housing bubble if not creating another mini-bubble of sorts? Cheap rates and undisciplined lending directly from Uncle Sam or supported by Uncle Sam. What is adding to this bubble? Those same internal portfolios at Freddie and Fannie.
What entities within Uncle Sam’s domain are providing the cheap rates and undisciplined lending?
1. The Federal Housing Administration ( FHA-insured loans are packaged into G
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News Link • Men trying to be our God
ATS Goes Boldly (and illegally) Where Redflex Won’t
09/03/2009
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CameraFRAUD
Last week, we reported about American Traffic Solutions’ new legal nightmare in Florida in an article titled “RED LIGHT: ATS Future Uncertain in Florida:”
The headlines say it all. Miami Herald: “Legal challenges mount for Florida’s red-light cameras.” Daytona Beach News-Journal: “Red-light camera lawsuit looms.” Naples News: “[Suit claims] red-light cameras are unconstitutional.”
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Camera FRAUD
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News Link • Economy - International
Hong Kong Repatriates Gold Reserves from London
09-03-2009
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MarketWatch
Hong Kong is pulling all its physical gold holdings
from depositories in London, transferring them to a high-security
depository newly built at the city's airport. The facility would support Hong Kong's
emergence as a Swiss-style trading hub for bullion and would lessen
London's status as a key settlement-and-storage center.
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Reported by:
Trouser Chili
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News Link • New World Order
Using Cap and Trade to destroy Capitalism and bring forth a Global Government
09-03-2009
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BlueLoriBlogSpot
I see many are shocked when they watch the latest video (at site) of the obama czar who admits he wants to destroy Capitalism I personally am not really shocked but you may be! This plan is also about bringing forth Global Governance.
Mises actually warned about all this.
Socialism's Last Stand
The global warming movement is not about global warming. It is about the creation of an international political control arrangement by which bureaucrats who favor socialism can gain control over the international economy.
This strategy was stated boldly by economist Robert Heilbroner in 1990. Heilbroner, the multi-millionaire socialist and author of the best-selling history of economic thought, The Worldly Philosophers, wrote the manifesto for these bureaucrats. He did this in an article, "Reflections: After Communism," published by The New Yorker (Sept. 10, 1990).
In this article, he made an astounding admission. He said that Ludwig von Mises had been right in 19
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News Link • Economy - Economics USA
The Hamptons just got a little more interesting
09-03-2009
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J.D. Tucille
The inhabitants of two well-heeled towns on New York's Long Island are reportedly shocked to discover that brothels have been operating in residential neighborhoods.
Given the large number of politicians who maintain vacation houses in
the area, you'd think the good people of Westhampton and Southampton
would be accustomed to their neighbors peddling favors from their homes.
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Reported by:
Brock Lorber
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News Link • Communications
Thomas Jefferson: Crypto Rebel?
09-03-2009
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Wendy McElroy
Mail 'inspections' caused prominent men, like George Washington, to complain
of mail tampering. According to various historians, it led James
Madison, Thomas Jefferson and James Monroe to write to each other in
code - that is, they encrypted their letters " in order to preserve the
privacy of their political discussion.
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Brock Lorber
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News Link • Housing
First-Time Buyer Tax Credit Extension Possible
09-03-2009
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Washington Post Writers Group, Kenneth R. Harney
Bills to extend the maximum $8,000 tax
credit for first-time home buyers, which expires Nov. 30, are pending
in both the U.S. House and the Senate.
Sen. Christopher J. Dodd, a Connecticut
Democrat and chairman of the Senate Banking, Housing, and Urban Affairs
Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny
Isakson that would raise the credit amount to a maximum of $15,000.
Senate Majority Leader Harry M. Reid of
Nevada favors an extension of the current credit. He was quoted by the
Las Vegas Sun saying, "It's something we can get done."
Odds are that the credit will be extended
and broadened to cover all buyers next year, but the chances of the
amount increasing aren’t as good, observers say.
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Reported by:
Thomas Costanzo
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News Link • Corruption
Former SEC Chair Arthur Levitt: ‘We Won’t Prevent the Next Bernie Madoff’
09-03-2009
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Wall St. Pit
Also has a video at site. Former SEC Chairman Arthur Levitt spoke with FOX Business Network’s Alexis Glick and said that “we won’t prevent the next Bernie Madoff” and that “training has not been a high priority at the SEC.”
Here are some excerpts from the interview:
Courtesy of Fox Business News
On preventing future ponzi schemes:
“If you regard a World Com, and Enron, a Madoff, a Tino De Angelis, a Salad Oil scandal as a failure, then I don’t agree with you, because there isn’t a regulatory agency or a U.S. Attorney’s office that finds these scams before they happen. They never find them before they happen or we wouldn’t have them.”
“We won’t prevent the next Bernie Madoff. What we can do is learn from Bernie Madoff and take steps to see to it that that kind of scandal doesn’t occur again, but there’ll be a new scandal and a new development.”
On why the SEC failed to protect investors from Madoff:
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News Link • Federal Reserve
Party like a "Rock Star"
09-03-2009
•
BlueLoriBlogSpot
The Financial Flogging Continues
Video - Authors description...
People who are subscribers take this viral. We need to get people involved with protests. People must understand this is not a democratic or republican issue this is an American issue.
Karl at The Market Ticker pleads To The Regulators Stop This!
1 billion shares on the tape as of 9:00 Central on the NYSE and who's responsible for over 1/4 of it? This is outrageous folks. Three zombies, one of which has no equity value and two more that exist only because the government has guaranteed, collectively, half a trillion dollars of what may be worthless assets.
Not to mention all the ENRON-STYLE off balance sheet exposure that we have no means to value or come up with a reasonable understanding of.
This sort of garbage "support" for market volume, put forth for the explicit purpose of propping up stock market prices and generating fees for the trade of each share at the NYSE, is an outrage.
If this
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News Link • Race Baiting
CHARLIE UPS THE RACE-CARD ANTE
09-03-2009
•
New York Post
First it was Gov. Paterson. Now the dean of New York's congressional delegation has played the race card -- and just as the governor did, he's using President Obama to do it.
Rep. Charles Rangel said Tuesday that "bias" and "prejudice" toward Obama are fueling opposition to health-care reform.
Those incendiary comments came on the heels of Paterson's controversial comments about race that also mentioned the nation's first black president.
"Some Americans have not gotten over the fact that Obama is president of the United States. They go to sleep wondering, 'How did this happen?' " Rangel (D-Manhattan) said Tuesday.
Speaking at a health-care forum in Washington Heights, Rangel said that when critics complain that Obama is "trying to interfere" with their lives by pushing for health-care reform, "then you know there's just a misunderstanding, a bias, a prejudice, an emotional feeling."
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News Link • Activism
Ron Paul Makes Rock Star Appearance At Loyola New Orleans
09-03-2009
•
Bayou Buzz
If a presidential election were held last night on the campus of Loyola University New Orleans, the winner would not have been the 48 year old occupant of the White House, but a spry 74 year old physician from Texas.
U..S. Congressman Ron Paul (R-TX) enthralled a huge crowd of supporters and students with a one hour address on topics ranging from the war in Afghanistan to the Federal Reserve. The crowd was so large that the university set up five overflow rooms to accommodate the intense interest in Dr. Paul’s message.
It was amazing to see such an enthusiastic reception for Paul’s message of limited government, freedom and adherence to the U.S. Constitution. The event was mostly promoted on the Internet and, as usual, the mainstream media was nowhere to be seen. Nevertheless, more and more people are learning about Ron Paul and they agree with his message.
Last night, Paul warned that the U.S. foreign policy was creating enemies for this country around the worl
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News Link • Legislative Mischief
Pol nabbed on New Hampshire booze run
09-03-2009
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Boston Herald
A Westport lawmaker who voted to hike the state sales and alcohol taxes was spotted brazenly piling booze in his car - adorned with his State House license plate - in the parking lot of a tax-free New Hampshire liquor store, the Herald has learned.
Michael J. Rodrigues’ blue Ford Crown Victoria, emblazoned with his “House 29” Massachusetts license plate, was parked outside a Granite State liquor store on Interstate-95 South over the weekend, according to a witness who provided pictures to the Herald.
The witness’ account was also posted yesterday on Citizens for Limited Taxation’s Web site.
A member of the powerful House Ways and Means Committee, Rodrigues did not return several phone calls yesterday. But in an online interview with The Standard-Times in New Bedford, he acknowledged buying the booze during a bathroom stop while he and his wife were on a weekend getaway in New Hampshire.
He also blamed the brouhaha on “Republican demagoguery.”
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News Link • Food
'Mouse' in Pepsi can was frog, FDA says
09-03-2009
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Orlando Sentinel
The tests are in and a federal report confirms what seems like an urban legend: a Diet Pepsi can consumed by an Ormond Beach man did indeed contain the remains of an animal, believed to be a frog or a toad.
Amy Denegri said she has received a report from the U.S. Food and Drug
Administration with test results showing that the soda can contained a
small animal, which they had thought was a rodent.
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Powell Gammill
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News Link • Corruption
DIRTY MONEY WATCH: Rep. Jerrold Nadler (D-N.Y.)
09-03-2009
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The Examiner
WHO: Rep. Jerrold Nadler (D-N.Y.), a co-sponsor of the Employee Free Choice Act (aka Card Check)
WHAT: Nadler received the following dirty money: Communication Workers of America (PAC) $3,500 in 2010 election cycle; $7,000 in 2008 election cycle; $5,000 in 2006 election cycle. Boilermakers Union (PAC) $1,000 in 2010 election cycle; $1,000 in 2006 election cycle. American Federation of Government Employees (PAC) $1,000 in 2008 election cycle; $1,000 in 2006 election cycle. International Brotherhood of Electrical Workers (PAC) $5,000 in 2010 election cycle; $10,000 in 2008 election cycle; $7,000 in 2008 election cycle. Service Employees International Union (PAC) $10,000 in 2008 election cycle; $10,000 in 2006 election cycle.
WHY IT'S DIRTY: Multiple officers and members of these unions, including division presidents, secretary-treasurers and business managers, have been convicted since 2001 of felonies ranging from embezzlement, falsifying official reports to government, mail fraud
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News Link • Energy
BP Makes ‘Giant’ Oil Discovery In Gulf Of Mexico
09-03-2009
•
red Orbit
Remember it was reported here BO gave money to Brazil and Petrobus that his financier (soros) from Move On had recently invested and stands to make $$$ One has to wonder how long they have known about this HUGE new discovery? The story
Petroleum firm BP announced Wednesday that it has made a “giant” discovery in the Gulf of Mexico.
“BP announced today a giant oil discovery at its Tiber Prospect (well) in the deepwater Gulf of Mexico,” the firm said in a statement.
"The Tiber well was drilled to a total depth of approximately 35,055 feet making it one of the deepest wells ever drilled by the oil and gas industry."BP operates Tiber, where it has a 62 percent share, along with Brazilian firm Petrobras, with 20 percent, and US group ConocoPhillips with 18 percent.
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News Link • Science, Medicine and Technology
Nano Diamonds Deliver Gene Therapy
09-03-2009
•
arclein
Ho and his research team originally demonstrated the application of nanodiamonds for chemotherapeutic delivery and subsequently discovered that the nanodiamonds also are extremely effective at delivering therapeutic proteins. Their work further has shown that nanodiamonds can sustain delivery while enhancing their specificity as well.
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robert klein
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News Link • Education: Government Schools
Charlotte Iserbyt - Deliberate Dumbing Down of the World (video)
10/14/06
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Youtube
Charlotte Iserbyt served as Senior Policy Advisor in the Office of Educational Research and Improvement, U.S. Department of Education, during the first Reagan Administration, where she first blew the whistle on a major technology initiative which would control curriculum in America's classrooms. OERI
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Anonymous Watchman
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News Link • Constitution
Activism in Defense of Free Speech is No Vice
Bad Supreme Court precedent can and should be ignored
09-02-2009
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Reason
Next Wednesday the U.S. Supreme Court will hear a rare second round of oral arguments in the case of Citizens United v. Federal Election Commission. At issue is the documentary Hillary: The Movie, which was produced by the conservative group Citizens United and intended for distribution before the 2008 elections. As Justice Stephen Breyer noted during the first round of arguments back in March, the film "is not a musical comedy." It's a 90-minute political harangue attacking Clinton's ideas and character. In other words, it's exactly the sort of controversial political speech the First Amendment was written and ratified to protect.
Yet under the Bipartisan Campaign Reform Act of 2002 (also known as the McCain-Feingold Act), which bars corporations and non-profit organizations from sponsoring "any broadcast, cable, or satellite communication" that mentions a candidate in a federal campaign within 30 days of a primary or 60 days of a general election, C
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News Link • Corruption
Pfizer agrees record fraud fine
09-02-2009
•
BBC
US drugmaker Pfizer has agreed to pay $2.3bn (£1.4bn) in the largest healthcare fraud settlement in the history of the Department of Justice.
It follows the firm being found to have illegally promoted four drugs as treatments for conditions different to those which regulators had approved.
A subsidiary of the firm pleaded guilty to misbranding drugs "with the intent to defraud or mislead".
US officials said Pfizer would have to enter a corporate integrity agreement.
It will be subject to additional public scrutiny by requiring it to make "detailed disclosures" on its website.
Pfizer's general counsel said: "We regret certain actions taken in the past, but are proud of the action we've taken to strengthen our internal controls."
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News Link • Surveillance
Obamas secret plan - Part Two - YES it is TRUE!
09-02-2009
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BlueLoriBlogSpot
I wanted to update my readers on the story regarding the obama administrations plan to "Harvest your personal information" that I posted early yesterday morning in case you saw the lame report claiming to debunk it on your nightly Communist News Network (CNN) in this case. Watch out Twitter,Facebook, My Space, You Tube and others on social networking sites. From the National Legal and Policy Center again...
David Gewirtz, who contributes to Anderson Cooper’s blog at CNN, claims to “debunk” our story about White House New Media office plans to collect data from social networking websites.
Our story was based on a document called a “Request for Quote.” Of the document, Gewirtz states, “It’s a publicly available government procurement document, and just for you, I’ve read all 51 excruciatingly boring pages of the thing.”
Maybe too boring for Gewirtz, as he must have skimmed over this section that appears on page three under “Performance Objectives:”
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News Link • Economy - Economics USA
Economic Foundations
09-02-2009
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Cafe Hayek / Don Boudreaux
Production takes place for consumption (derived from the Scot Adam Smith), not the other way round. Value is measured not as an average but at the margin (the Englishman W. S. Jevons, the Frenchman Leon Walras, and the Austrian Carl Menger). The cost of producing a commodity or service is not the labour required (the German Karl Marx) but the commodity or service thereby lost (the Austrian Friedrich von Wieser). The instinct of man is to “truck and barter” in markets (Adam Smith). He will find ways round, under, over or through restrictions created by government (the Austrian Eugen von Böhm-Bawerk). There is no such thing as absolute demand (for education, medicine or anything else) or supply (of labour or anything else) because both vary with price (the Englishmen Alfred Marshall, Lionel Robbins and many before and since). Not least, without the signalling device of price, man cannot spontaneously and voluntarily co-operate for prosperous co-existen
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Reported by:
Brock Lorber
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