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Date Sent: 2008-10-14
Freedom's Phoenix Headline News for Tuesday, October 14, 2008 |
US Stocks Rally Most Since 1930s; Dow Gains 936 -- A $516 trillion derivatives 'time-bomb'
US Financial Market Tsunami - by Brock Lorber -- US Investing $250 Billion in Banks -- The Lesser of Two Goods - by Laurence M. Vance -- Russia conducts ballistic missile tests -- The new path to space: India and China enter the game -- The General Accounting Office Says 'the End Draweth Nigh' -- Australia to Spend A$10.4 Bln to Guard Economy -- US to buy stakes in 'broad array' of banks -- EU Nations Commit €1.3 Trillion Euros to Bank Bailout -- We're all socialists now - by Paul Mulshine -- Ron Paul on Fox Business News -- Guantanamo prosecutor who quit had 'grave misgivings' about fairness -- Seeing the Maverick$ and Magician$ from Monticello -- US Justice Dept builds microwave heat-ray 'rifle' -- What Rough Beast... - by Will Grigg -- MISH: Essence of the "Bailout" Plan - Robbing Peter to Pay Paul -- CBS goes after Hulu by aligning with YouTube -- Treasury to Invest in 'Healthy' Banks, Bailout Czar Kashkari Says -- UK Banks Nationalized -- One in three Atlanta cops have criminal records -- U.S. gasoline price marks biggest drop ever -- Wall Street soars as government pledges bank aid -- Fed Releases Flood of Dollars, Market Rates Fall -- Railroad crossing next photoradar -- The October Surprise: Global Panic - by Stephen Lendman -- 'Brain fingerprinting' could be breakthrough in law enforcement
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News Link • Economy - Economics USA
U.S. has history of intervention
10-14-2008
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IHT
The US has a culture that celebrates laissez-faire capitalism as the economic ideal, but the practice is sometimes different. Over the past century, the US government has nationalized railways, coal mines and steel mills, and it has even taken a cont
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
At Indian Call Centers, Another View of U.S.
10-14-2008
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Washington Post
For the past three years, Chaturvedi has been a top collection agent at her call center, phoning hundreds of Americans a day and politely asking them to pay up. As the U.S. financial crisis plunges Americans into debt, her business is one of the fast
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
U.S. Stocks Rally Most Since 1930s on Bank Plan; Dow Gains 936
10-13-2008
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Bloomberg
U.S. stocks staged the biggest rally in seven decades on a government plan to buy stakes in banks and a Federal Reserve-led push to flood the global financial system with dollars.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Police State
Ohio Cop Reprimanded for Making More Arrests than Tickets
10/13/08
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http://www.thenewspaper.com/news/25/2564.asp
A Madison Township, Ohio police officer whose record of busting real criminals is unbeaten found himself reprimanded for failing to focus on writing traffic tickets. The Columbus Dispatch reports that Officer Ken Braden only wrote 85 tickets last yea
Read Full Story
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Reported by:
Thomas Costanzo
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News Link • Economy - Economics USA
U.S. Investing $250 Billion in Banks
10-13-2008
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New York Times
Of the $250 billion, which will come from the $700 billion bailout approved by Congress, half is to be injected into nine big banks, including Citigroup, Bank of America, Wells Fargo, Goldman Sachs and JPMorgan Chase, officials said.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Foreign Policy
Russia conducts ballistic missile tests
10-13-2008
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Rawstory.com
MOSCOW (AFP) " Russia test-fired three long-range missiles on Sunday and pronounced its nuclear deterrent strong in a show of force that experts said had not been seen since the days of the Cold War.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
The General Accounting Office Says 'the End Draweth Nigh'
10-13-2008
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by Bill Sardi for LewRockwell.com
The General Accounting Office (GAO) has issued a sobering picture of the future economic condition of the United States, a scenario where a full economic collapse is inevitable, with the only remaining questions being "how and when the nation’s
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Eugenics
The Lesser of Two Goods
10-13-2008
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by Laurence M. Vance for LewRockwell.com
Since Ron Paul endorsed Constitution Party candidate Chuck Baldwin for president on September 22, I have been asked by many Christians, and others who did not state their religious affiliation, for my opinion of Chuck Baldwin.
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Reported by:
Ernest Hancock
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News Link • Space Travel and Exploration
The new path to space: India and China enter the game
10-13-2008
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thespacereview.com
India can afford the luxuries of space science and possibly even human spaceflight. The country’s first lunar spacecraft, Chandrayaan-1, is scheduled for launch later this month.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Economy - International
Rudd to Spend A$10.4 Bln to Guard Australian Economy (Update1)
10-13-2008
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Bloomberg.com
Oct. 14 (Bloomberg) -- Australian Prime Minister Kevin Rudd announced a A$10.4 billion ($7.3 billion) spending package to boost the economy as the global financial crisis freezes credit and slows growth.
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Reported by:
Ernest Hancock
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News Link • Federal Reserve
The Bailout: Don't Be So Sure This Will Work
10-13-08
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Market-Ticker.denninger.net
But when the rest of the world has done it, you literally have no choice, unless you intend to be turned into an instantaneous credit island - an event that the United States would literally not survive.
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Reported by:
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News Link • Philosophy: Fascism
US to buy stakes in 'broad array' of banks
10-13-2008
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AFP
Under the TARP, the government is authorized to take a wide range of exceptional measures, including the purchase of toxic mortgage-related assets from ailing financial institutions in a bid to unclog frozen credit flows.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Energy
Better Solar for Big Buildings
10-13-2008
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Technology Review
A startup is selling cylindrical solar cells that can generate more power than conventional panels.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Federal Reserve
U.S. to Buy Stake in Nine Banks - The Usual Suspects
10-13-08
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CalculatedRisk.blogspot.com
Banks receiving government funds include Goldman Sachs Group Inc., Morgan Stanley, J.P. Morgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Bank of New York Mellon.
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Reported by:
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News Link • Science, Medicine and Technology
Sticky Nanotape could aid climbing robots.
10-13-2008
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Technology Review
Gecko tape: Arrays of carbon nanotubes with a vertically aligned section (lower left) and a branched, tangled upper layer (lower right) mimic the structures of gecko feet but are 10 times more adhesive.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • MEDIA (MainStreamMedia - aka MSM)
Neocons turn on McCain, Obama is The One
10/31/2008
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Daily Newscaster
The reality makers are now preparing their audience to accept the results of a decision that has already been made by the financial and political elite. Barack Obama is The One.
Read Full Story
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Reported by:
D. H. Williams
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News Link • Transportation
Red Means Go With New Signal In Scottsdale
10/13/2008
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CameraFRAUD.com
In their never-ending quest to be somehow relevant and “cool,” Scottsdale has introduced a new pedestrian signal. The system, which has no green lamp and stays dark when not being utilized, uses a flashing red to indicate to motor traffic that it’s s
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Reported by:
Camera FRAUD
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News Link • Economy - International
EU Nations Commit 1.3 Trillion Euros to Bank Bailout
10-13-08
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CalculatedRisk.blogspot.com
France, Germany, Spain, the Netherlands and Austria committed 1.3 trillion euros ($1.8 trillion) to guarantee bank loans and take stakes in lenders ...
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Reported by:
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News Link • Eugenics
We're all socialists now
by Paul Mulshine
10-13-2008
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New Jersey Star-Ledger
I've noticed lately that a lot of people seem to have discovered that Barack Obama is a socialist.
There's a lot of that going around.
Socialism, I mean.
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Ron Paul on Fox Business News 10/10/08
10-13-2008
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Youtube
You just have to wonder what goes through people's minds when they watch their pension plans drop 40% or more in value in a couple of weeks, and think about McCain and think about Ron Paul. Nobody likes the guy telling the truth.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Future Predictions
Aldous Huxley: 1958 Interview on the "Enemies of Freedom"
10-13-08
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PropagandaMatrix.com
Mike Wallace interviewed Aldous Huxley on 5/18/58 for ABC. In this 30 minute conversation they discussed the "Enemies of Freedom" and how the U.S. could move toward a soft dictatorship in the 21st century. Scary!
Read Full Story
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Reported by:
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News Link • Torture
Guantanamo prosecutor who quit had 'grave misgivings' about fairness
10-13-2008
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LA Times
Prosecutor Darrel Vandeveld was in despair. The hard-nosed lieutenant colonel in the Army Reserve, a self-described conformist praised by his superiors for his bravery in Iraq, had lost faith in the Guantanamo Bay war crimes tribunals
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Reported by:
Powell Gammill
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News Link • Corruption
Seeing the Maverick$ and Magician$ from Monticello
by Arizonan Douglas Herman
10-10-2008
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Strike-the-Root.com via Rense.com
Instead the Banker Bailout Bill sent a crystal clear message to ALL Americans: F*ck You. Voting is for the hopelessly deluded and clueless. Elected representatives and public servants neither represent, nor do they serve the public in America . No
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Reported by:
Ed Vallejo
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News Link • Police State
US Justice Dept builds microwave heat-ray 'rifle'
10-13-2008
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The Register
The US Justice Dep't. is working on a hand-held version of existing microwave cannons intended for riot or crowd control. The portable raygun could also have applications as a scanner or detector system; and a working prototype has already been b
Read Full Story
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Reported by:
Powell Gammill
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News Link • Police State
What Rough Beast... (updated)
by Will Grigg
10-13-2008
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Pro Liberate
Beginning immediately after 9-11, George W. Bush and the cabal he represents began the controlled implosion of the hollowed-out shell of our once-sturdy republic. Last week the final phase of that demolition project got underway.
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Reported by:
Powell Gammill
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News Link • Technology: Software
OpenOffice Professional 3.0 download melts servers
10-13-2008
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The Register
Eager beavers keen to get their hands on the long-awaited arrival of version 3.0 of OpenOffice.org are currently unable to download the free, open source-flavored suite of office apps because demand has broken the website.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Federal Reserve
Essence of the "Bailout" Plan - Robbing Peter to Pay Paul
10-13-08
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Michael Shedlock / Mish
In essence, money is taken from the poor (via taxes, printing, and weakening of the dollar) and given to the wealthy so the wealthy supposedly will have enough money to lend back (at interest) to those who have just been robbed.
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Reported by:
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News Link • Media: Internet
CBS goes after Hulu by aligning with YouTube
10-13-2008
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www.betanews.com
Though reports early last year said that a deal between CBS and Google for YouTube distribution had fallen by the wayside, the network's content will soon be available in full on the popular video site, complete with commercials.
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Philosophy: Fascism
Meet the $700 Billion Bailout Czar, Neel Kashkari
10-13-2008
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Huffington Post
Henry Paulson tapped the company he ran, Goldman Sachs, to hire 35 year old Kashkari, who started as a senior advisor. George W. Bush nominated him as assistant secretary of the Treasury for International Affairs.
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
Neel Kashkari:The $700 bn man
10-13-2008
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Business Standard
I am a free market Republican,” Neel Kashkari is believed to have said at an American Enterprise Institute Conference some time back. Well, Kashkari’s job over the next few months can’t really be said to be upholding the spirit of a free market.
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Reported by:
Ernest Hancock
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News Link • Economy - Economics USA
Treasury to Invest in `Healthy' Banks, Kashkari Says (Update3)
10-13-2008
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Bloomberg.com
Oct. 13 (Bloomberg) -- Neel Kashkari, the U.S. Treasury official overseeing the $700 billion rescue of the financial system, said government equity injections will be aimed at ``healthy'' firms. (He went to Treasury from Wall Street with Paul
Read Full Story
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Reported by:
Ernest Hancock
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News Link • Law Enforcers or Peace Officers
One in three Atlanta cops have criminal records
10-13-2008
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Atlanta Journal & Constitution
"On its face, it's troubling and disturbing," said Vincent Fort, a state senator. "It would be very troubling that people might be hitting the streets to serve and protect and they have histories that have made them unqualified to
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Reported by:
Powell Gammill
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News Link • Economy - International
UK Banks Nationalized
10-13-2008
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London Times
The Chancellor will take control of the Royal Bank of Scotland today by injecting £20 billion of taxpayers' money. The Government is also to take over HBOS in the most dramatic extension of state ownership in the British economy since the war.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Humor
Six Emails You Get When Your Company is About to Go Under
10-13-2008
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Cracked
While we don't want to alarm you, basically your company could go broke at any second and you'll be out on the street. Even worse, it's in their best interest to keep it from you until the very last moment.
Read Full Story
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Reported by:
Brock Lorber
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News Link • Economy - Economics USA
U.S. gasoline price marks biggest drop ever
10-13-2008
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Reuters
[Just in time to re-elect the incumbents.] The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid. [Now you can blame the free market.]
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Wall Street soars as government pledges bank aid
10-13-2008
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AP
Wall Street snapped back today from last week's devastating losses after major governments announced further steps to support the global banking system, including plans by the U.S. Treasury to buy stocks of some banks. All the major indexes rose
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Fed Releases Flood of Dollars, Market Rates Fall
10-13-2008
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Bloomberg
The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up government efforts to restore confidence and helping to drive down money-market rates.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Police State
'Brain fingerprinting' could be breakthrough in law enforcement
10-13-2008
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KOMO News
"It's a game changer in the field of global security," said Dr. Larry Farwell, Chairman of Brain Fingerprinting Labs who developed "brain fingerprinting" - a lie detector test for the 21st century.
Read Full Story
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Reported by:
Powell Gammill
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News Link • Economy - International
A $516 trillion derivatives 'time-bomb'
10-13-2008
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The Independent
The market is worth more than $516 trillion, roughly 10 times the value of the entire world's output: it's been called the "ticking time-bomb". It's a market that is set to come to a crashing halt " the Great Unwind has begun.
Read Full Story
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Reported by:
Powell Gammill
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