 |
REAL TIME SPOT PRICES
Bitcoin Average: $79775.1
Gold: $4719.6 Change: $5.2
Silver: $86.75 Change: $0.3
|
|
|
ARCHIVED NEWSLETTER |
|
Sign up
to receive the Freedom's Phoenix Headlines by Email. |
|
HELP FUND FREEDOM'S PHOENIX!
Make a one-time or periodic contribution.
Use your credit card or PayPal account. |
|
Join us on our
Social Networks |
Share this page with your friends
on your favorite social network:
|
 |
|
|
|
Date Sent: 2009-07-09
Freedom's Phoenix Global Edition for Thursday, July 9, 2009 PM edition |
AIG may have zero value after rescue -- Unemployment Continuing Claims Record
Government-insured mortgages skyrocket -- US Lawmakers Sound Alarm About Commercial Real Estate Market -- Blitz of “Cyber Attacks” as Rockefeller Bill Approaches -- Lenders would rather foreclose than offer loan mod -- Chinese lending explodes -- Sibel Edmonds: The Makings of a Police State -- Is Goldman Stealing $100 Million per Trading Day? -- Paul Craig Roberts: Comments on Bailouts, Dollar, and Goldman Sachs -- Warren Buffett says second stimulus might be needed -- Independents edge away from Obama -- Treasury makes toxic-asset plan smaller, less transparent
-- 565K new jobless claims, lowest level since Jan. -- McNAMARA AND
GEORGE BUSH: FOG OF WAR AND ARROGANCE - by Frosty Wooldridge
|
News Link • Economy - Economics USA
AIG may have zero value after rescue
07-09-2009
•
Bloomberg
American International Group Inc., the insurer bailed our four times by the government, will likely have no valule left for private shareholders after repaying the US, Citigroup Inc. said. "Our valuation includes a 70 percent chance
Read Full Story
•
•
|
|
Reported by:
Jean Carbonneau
|
News Link • Economy - Economics USA
Unemployment Continuing Claims Record
07-09-2009
•
CalculatedRiskblog.com
The advance number for seasonally adjusted insured unemployment during the week ending June 27 was 6,883,000, an increase of 159,000 from the preceding week's revised level of 6,724,000.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Housing
Government-insured mortgages skyrocket
07-09-2009
•
bizjournals.com/pacific/
FHA and VA loan applications rose to 35.9 percent in June, up from 25.7 percent a month earlier and 27 percent a year earlier.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Israel
Netanyahu: Rahm Emanuel and David Axelrod 'self-hating Jews'
07-09-2009
•
Haaretz.com/
He is still finding it difficult to communication normally with the White House. To appreciate the depth of his paranoia, it is enough to hear how he refers to Rahm Emanuel and David Axelrod, Obama's senior aides: as "self-hating Jews."
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Economy - Economics USA
America’s Greatest Depression Fighter
07-09-2009
•
LewRockwell.com - Jim Powell
President Warren Gamaliel Harding's reaction to the extreme recession of 1921: Cut federal spending by half, cut federal taxes by a third, and pay off debt. The Federal Reserve's reaction during this time, from what I've read, nothing at all.
The results: A landmark case and impeccable example of how rational economics without government interference is the only viable solution.
Read Full Story
•
•
|
|
Reported by:
Jason Dimitrov
|
News Link • History
Bronze Age Economic Scope
07-09-2009
•
arclein
The presence of traders and ultimately of miners triggered localized imitation of the parent cultures just as to day urban centers worldwide imitate the major centers. During the Bronze Age these centers were palace oriented polities. In Mycenae, these palaces were made of stone, elsewhere mostly of wood and earth. Regardless, a trader could arrive knowing what to expect and to have solid security for his goods.
Read Full Story
•
•
|
|
Reported by:
robert klein
|
News Link • Economy - International
South Korea Launches Green Growth Plan
07-09-2009
•
arclein
The government will invest 107 trillion ($84.4 billion dollars), or 2.0 percent of gross domestic product every year, over the next five years in an effort to reduce reliance on fossil fuels, Lee's office said.
The scheme will help create up to 1.81 million new jobs and generate about 206 trillion won in economic output, it said.
The government will also boost spending on green technology products such as solar-powered batteries and hybrid vehicles, it said.
Read Full Story
•
•
|
|
Reported by:
robert klein
|
News Link • Homeland Security
Homeland Security Braces for Possible H1N1 Outbreak
07-09-2009
•
CNBC.com/
"Odds are this may not be the 1918-type of virus which was highly lethal and swept through the United States and swept through the world, but we can't count that out," said Janet Napolitano, secretary of Homeland Security.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Economy - Economics USA
US Lawmakers Sound Alarm About Commercial Real Estate Market
07-09-2009
•
nasdaq.com/
The situation is fueling concerns that property developers won't be able to refinance roughly $400 billion in commercial real estate debt coming due this year. Property values have plunged about 24% since their peak in 2007...
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Housing
Lenders would rather foreclose than offer loan mod
07-09-2009
•
thetruthaboutmortgage.com/
Less than three percent of seriously delinquent mortgages (60+ days overdue) received a payment-reducing loan modification since the mortgage crisis got underway in 2007, according to a new study by the Boston Fed.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Police State
Blitz of “Cyber Attacks” as Rockefeller Bill Approaches
07-09-2009
•
InfoWars.com
A determined propaganda blitz is well underway as the government sets the stage for the passage of Cybersecurity Act of 2009, introduced in the Senate earlier this year. If passed, it will allow Obama to shut down the internet and private...
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • China
Chinese lending explodes
07-09-2009
•
Michael Pettis
I don't have time to do a long entry today, but in my June 30 entry I marveled at the huge explosion in new lending, and claimed that credible rumors suggested that total new loans for June would be an astonishing RMB 1.2 trillion.
Read Full Story
•
•
|
|
Reported by:
Jean Carbonneau
|
News Link • Police State
Sibel Edmonds: The Makings of a Police State
07-09-2009
•
AfterDowningStreet.org
These states utilize the media to spread their propaganda, to manufacture consent, to evilize chosen enemies, to paint dissent as unpatriotic, the dissenters as the enemies of the state, and of course the critics as the radical...
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
Feature Article • Activism
Kokesh Revolution & Liberty Rider crosses Arizona
Thomas Costanzo
The Phoenix R3volution Saddles up in a motor home and Heads to
Meet the Liberty Rider Michael Maresco and to jump start the Kokesh
Revolution and show the patriots in Santa Fe just exactly how to wage a
propaganda war. And We have already WON! One the way the Brave patriots
travel across Arizona by bicycle and perform outreach on the people in
Arizona. The patriots move down I-40 from the New Mexico border to
Winslow, Flagstaff, Seligman, and Kingman traveling 70 miles per day.
Visiting with Sheriff's and freeing Minds. Music video done to the "tune" of take it easy by the Eagles. I am not using youtube as they Mute out anything that has "copyrighted" content. So they can Eff themselves!
•
•
|
News Link • Corruption
Paul Craig Roberts: Comments on Bailouts, Dollar, and Goldman Sachs
07-09-2009
•
globaleconomicanalysis.blogspot.com/
Max Kesier: Does the treasury secretary work for the people or does he work for the banking system on Wall Street? Craig Roberts: He works for Goldman Sachs.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Corruption
Is Goldman Stealing $100 Million per Trading Day?
07-09-2009
•
Ritholtz.com/blog
GS has special access inside the system from its status assisting the Working Group on Financial Markets (colloquially the Plunge Protection Team) created by Presidential Order two decades ago. GC also acts as Special Liquidity Provider for NYSE.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Revolutions, Rebellions & Uprisings
Beware William Tell's Second Arrow - by Will Grigg
07-09-2009
•
Pro Liberate
William Tell, seen here immortalized
in bronze next to a likeness of his son, is a hero not just to Swiss
patriots, but to all those in whom the desire for freedom is irrepressible.
Read Full Story
•
•
|
|
Reported by:
Powell Gammill
|
News Link • Economy - Economics USA
Demographic Nuclear Bomb: Baby Boomer Stagnation 2007-2017
07-09-2009
•
HousingDoom.com
But now, it has passed its spending peak. This occurred in 2005-06, at the very top of the housing bubble. The average age of the baby-boomer demographic cohort was then 50, which is the age of top spending.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Economy - Economics USA
Warren Buffett says second stimulus might be needed
07-09-2009
•
Reuters
Legendary investor Warren Buffett said unemployment could hit 11% and a second stimulus
package might be needed as the economy struggles to recover from
recession.
Buffett, the billionaire founder of Berkshire Hathaway, said
Americans suffered "a shock to the system" from the economic
difficulties in the final quarter of last year but had started to
rebound.
Read Full Story
•
•
|
|
Reported by:
Powell Gammill
|
News Link • Internet
Bloggers test boundaries in Saudi Arabia
07-09-2009
•
Reuters
Armed with a computer, an internet connection and his own intellect
Ahmed Al-Omran is one of a few Saudi bloggers trying to push for change
and make themselves heard in the conservative Gulf Arab monarchy.
Blogging provides a rare platform for speech in a country which has
no elected parliament, where clerics have strong influence on public
opinion, newspapers often parrot the official line and public
demonstrations are banned.
Read Full Story
•
•
|
|
Reported by:
Powell Gammill
|
News Link • Economy - Economics USA
Phoenix-area bankruptcies doubled in June
07-09-2009
•
AZcentral.com
Households and businesses around the Valley filed 2,294 bankruptcy applications last month, up 105 percent from June 2008 and the highest count so far this year.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Federal Reserve
Bid to clip Fed's wings gains support in Congress
07-09-2009
•
Reuters
A proposal from a long-time congressional foe of the Federal
Reserve that could give lawmakers sway over monetary policy has won the
support of a majority in the House of Representatives, alarming
officials at the U.S. central bank.
The Federal Reserve Transparency Act of 2009, put forward by
Republican Representative Ron Paul of Texas, now has 250 co-sponsors in
the House. It will get air-time on Thursday during a congressional
hearing on Fed independence that will feature testimony from the Fed's
No. 2 official, Donald Kohn.
Read Full Story
•
•
|
|
Reported by:
Powell Gammill
|
News Link • Economy - Economics USA
Denninger: Retail Sales And Unemployment
07-09-2009
•
Market-ticker.denninger.net
Walmart stopped reporting their numbers. Gee, do you have to wonder why? They've got one of the best internal systems in existence for tracking who's spending and how much on what.
Read Full Story
•
•
|
|
Reported by:
Jack Gregson
|
News Link • Obama Administration
Independents edge away from Obama
07-09-2009
•
Politico
Obama’s job approval rating hit a " still healthy " low of 56 percent
in the Gallup Poll on Wednesday. And pollsters are debating whether
Obama’s expansive and expensive policy proposals or the ground-level
realities of a still-faltering economy are driving the falling numbers.
Read Full Story
•
•
|
|
Reported by:
Powell Gammill
|
News Link • Economy - Economics USA
Treasury makes toxic-asset plan smaller, less transparent
07-09-2009
•
McClatchy News
Almost four months after it was first announced, the Treasury
Department late Wednesday rolled out a scaled-back version of its
long-awaited plan to purchase jointly with the private sector bad
mortgage-based assets plaguing the nation's banks.
Read Full Story
•
•
|
|
Reported by:
Powell Gammill
|
News Link • Economy - Economics USA
565K new jobless claims, lowest level since Jan.
07-09-2009
•
AP
The number of newly laid-off workers filing initial claims for jobless
benefits last week fell to lowest level since early January, largely
due to changes in the timing of auto industry layoffs.
Continuing claims, meanwhile, unexpectedly jumped to a record-high.
While layoffs are slowing, unemployed workers are having a difficult
time finding new jobs.
Read Full Story
•
•
|
|
Reported by:
Powell Gammill
|
News Link • China
Cyber Attacks and Globalization
07-09-2009
•
Buffalohair
For us who work in the pro democracy movement cyber attacks have been old news since at least last September or 08’. Spam bombs as I call it have hit us many times in the past and for the most part we’ve learned how to deal with cyber garbage as a whole. The technology is quite primitive but if one is not vigilant even the most archaic assaults can be devastating. It’s almost laughable government sites were so vulnerable though.
I found it quite interesting to note that the media mentioned the latest internet assaults came from North Korean sympathizers. Well the one real sympathizer I know who already launches these types of attacks is the government of Burma. With the help of their Russian technicians they’ve been launching spam bombs for months now. So it is a safe bet that Than Shwe and his band of thugs were involved in the latest assault.
Just with our technology we’ve identified the perpetrators and their locations. The samplings of the spam all had .ru addresses but laun
Read Full Story
•
•
|
|
Reported by:
Carlos Guevara
|
News Link • Economy - International
Bank set to 'print' extra 25 billion pounds to lift lending
07-09-2009
•
Times Online
The Bank of England is today set to announce plans to expand its "money printing" programme by a further 25 billion pounds, taking the total to 150 billion pounds, in an effort to force banks to step up lending to consumers and businesses.
Read Full Story
•
•
|
|
Reported by:
Jean Carbonneau
|
News Link • Economy - Economics USA
Chart of the Day: 21st Century Jobs Wiped Out!
07-09-2009
•
Business Insider
What's the best way to express just how bad the job market is? You could look at the soaring unemployment rate, or perhaps the ever-shortening work week. How about this: Total nonfarm payrolls, notes economist James Hamilton, are now back to where they were in mid 2000
Read Full Story
•
•
|
|
Reported by:
Jean Carbonneau
|
| Tags: freedoms, phoenix, archives, politics, libertarian, alternative, government, freedom |
|
|
Opinion • 
