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Date Sent: 2009-05-28
Freedom's Phoenix Global Edition for Thursday, May 28, 2009 PM edition
 
Unreleased abuse photos depict rape of 'men and women'--JP Morgan: Losses on WaMu Credit Cards 24%

Roubini says U.S. economy may dip again next year -- Calif. wants federal government to back its loans -- U.S. Inflation to Approach Zimbabwe Level, Faber Says -- Furor grows over partisan car dealer closings -- 1 in 8 US homeowners late paying or in foreclosure -- Pentagon Denies Report Iraq Prison Photos Show Rape -- Virginia Bans Smiling at the DMV -- BART cop's testimony contradicted by video in Oscar Grant shooting case -- Sen. Burris Insists There Was No Pay-to-Play Scheme -- Secret cables may show doctors monitored CIA torture -- Iraq redux? Obama seeks funds for Pakistan super-embassy -- Islamic charity leaders get 65-year jail terms -- State Trooper Stops Ambulance Transporting Patient To Hospital & Assaults EMT  -- French Climate Skeptic Eyed for Super Ministry -- The Ownership Society: 7 Years Later -- April New Home Sales Fall 34% Year Over Year -- US Weighs Single Agency to Regulate Banking Industry: The Federal Reserve -- Unemployment Claims: Continued Claims at Record 6.79 Million -- Mortgage Delinquencies, Foreclosures Hit Records on Job Cuts -- Jekyll Island Secret Liberty meeting video Part 2: Interviews

 
Unreleased abuse photos depict the rape of 'men and women' News Link  •  Torture
 Unreleased abuse photos depict the rape of 'men and women'
05-28-2009  •  Daily Telegraph 
"An American soldier apparently raping a female prisoner. "A male translator apparently raping a male detainee. "A female prisoner having her clothing forcibly removed to expose her breasts.  Read Full Story
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Reported by: Jack Gregson
JP Morgan Says Losses on WaMu Credit Cards Could Reach 24% News Link  •  Economy - Economics USA
 JP Morgan Says Losses on WaMu Credit Cards Could Reach 24%
05-28-2009  •  NakedCapitalism.com 
Folks, 24% is a simply breathtaking number for credit card losses, and JP Morgan is saying that is what it may see on its WaMu portfolio. Even keeling-over-and-dying Advanta is up to only 20% losses.  Read Full Story
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Reported by: Jack Gregson
Roubini says U.S. economy may dip again next year News Link  •  Economy - Economics USA
 Roubini says U.S. economy may dip again next year
05-28-2009  •  Reuters 
Nouriel Roubini, the famously glum economist who predicted the financial crisis, said that while the recession in the US may well be over at the end of the year, another dip was still possible next year. "I still expect that economic growth in t  Read Full Story
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Reported by: Powell Gammill
U.S. Inflation to Approach Zimbabwe Level, Faber Says News Link  •  Economy - Economics USA
 U.S. Inflation to Approach Zimbabwe Level, Faber Says
05-28-2009  •  Bloomberg 
The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said. Prices may increase at rates “close to” Zimbabwe’s gains,  Read Full Story
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Reported by: Powell Gammill
Calif. wants federal government to back its loans News Link  •  Government
 Calif. wants federal government to back its loans
05-28-2009  •  AP 
[California] with the worst credit rating in the nation is asking that Washington act as a sort of co-signer on the state's borrowing, to be backed up with money from the Troubled Asset Relief Program.  Read Full Story
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Reported by: Powell Gammill
Arizona Breakfast Club this Saturday Feature Article  •  Events: Arizona
 Arizona Breakfast Club this Saturday
Powell Gammill
   Gwen gives an after action report of the "Operation ASU" greeting President Obama received when he came to the ASU commencement, and Ernie will tell us of the Freedom Movement "Leaders" meeting at Jekyll Island this past week.
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Furor grows over partisan car dealer closings News Link  •  Obama Administration
 Furor grows over partisan car dealer closings
05-28-2009  •  Washington Examiner 
Evidence is mounting that the Obama administration has systematically targeted for closing Chrysler dealers who contributed to Republicans. Among the dealers being shut down are a GOP congressman and competitors to a dealership owned by former Clinto  Read Full Story
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Reported by: Powell Gammill
1 in 8 US homeowners late paying or in foreclosure News Link  •  Housing
 1 in 8 US homeowners late paying or in foreclosure
05-28-2009  •  Reuters 
One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said  Read Full Story
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Reported by: Powell Gammill
Robert Gates: The Bureaucrat Unbound News Link  •  Legislative Mischief
 Robert Gates: The Bureaucrat Unbound
05-28-2009  •  Time magazine 
Congressman Trent Franks (R-AZ) was very concerned about anti-missile defense and especially a product dramatically called the Kinetic Energy Interceptor. To which Gates replied, in a manner so casually dismissive Franks seemed to shrivel in his seat  Read Full Story
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Reported by: Powell Gammill
BART cop's testimony contradicted by video in Oscar Grant shooting case News Link  •  Law Enforcers or Peace Officers
 BART cop's testimony contradicted by video in Oscar Grant shooting case
05-28-2009  •  Mercury News 
BART officer Marysol Domenici, under cross-examination by Deputy District Attorney, described a scene of "30 to 40 passengers" coming off the Dublin-bound train as she ran to assist her partner, Tony Pirone. However, surveillance video of t  Read Full Story
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Reported by: Powell Gammill
Pentagon Denies Report Iraq Prison Photos Show Rape News Link  •  WAR: About that War
Pentagon Denies Report Iraq Prison Photos Show Rape
05-28-2009  •  NY Times 
[so why object to their release?] The Pentagon denied a British newspaper report that photographs of Iraqi prisoner abuse, whose release U.S. President Barack Obama wants to block, include images of apparent rape and sexual abuse.  Read Full Story
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Reported by: Powell Gammill
Virginia Bans Smiling at the DMV News Link  •  Police State
 Virginia Bans Smiling at the DMV
05-28-2009  •  Washington Post 
The agency would like to develop a facial recognition system that could compare customers' photographs over time to prevent fraud and identity theft. "To prepare for the possibility of future security enhancements, we're asking cu  Read Full Story
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Reported by: Powell Gammill
Sen. Burris Insists There Was No Pay-to-Play Scheme News Link  •  Corruption
 Sen. Burris Insists There Was No Pay-to-Play Scheme
05-28-2009  •  Washington Post 
Sen. Roland Burris (D-IL) denied he was involved in a pay-to-play scheme with allies of Gov. Blagojevich to help win appointment to a Senate seat. The statement came a day after the release of an FBI recording in which Burris is heard  Read Full Story
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Reported by: Powell Gammill
Secret cables may show doctors monitored CIA torture News Link  •  Central Intelligence Agency
 Secret cables may show doctors monitored CIA torture
05-28-2009  •  Propublica 
Medical personnel monitored the medical effects of the waterboarding of Abu Zubaydah, the al-Qaida operative who was, according to government reports, subjected to the near-drowning at least 83 times  Read Full Story
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Reported by: Powell Gammill
Iraq redux? Obama seeks funds for Pakistan super-embassy News Link  •  Foreign Policy
 Iraq redux? Obama seeks funds for Pakistan super-embassy
05-28-2009  •  McClatchy News 
The U.S. is embarking on a $1 billion crash program to expand its diplomatic presence in Pakistan and neighboring Afghanistan, another sign that the Obama administration is making a costly, long-term commitment to war-torn South Asia  Read Full Story
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Reported by: Powell Gammill
Islamic charity leaders get 65-year jail terms News Link  •  TERRORISM
 Islamic charity leaders get 65-year jail terms
05-28-2009  •  Reuters 
A U.S. judge on Wednesday handed down 65-year prison sentences to two founders of a U.S. Islamic charity convicted of illegally funneling $12.4 million to the [democratically elected in US promoted election] Palestinian militant group Hamas.  Read Full Story
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Reported by: Powell Gammill
Ted Olson Challenges Constitutionality of Proposition 8 News Link  •  Constitution
 Ted Olson Challenges Constitutionality of Proposition 8
05-28-2009  •  Just a Girl in Short Shorts 
With Ted Olson, a founder of the Federalist Society, Dubya's lead attorney in Bush v. Gore, and Solicitor General from 2001 to 2004, going to court to constitutionally challenge and stop Proposition 8, it's about time for conservatives to do   Read Full Story
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Reported by: Becky Chandler
Giant Cod and Whales News Link  •  Science
 Giant Cod and Whales
05-28-2009  •  arclein 
The revolution in fishing first came in the 1600s, when boaters began taking their vessels out in pairs to fish with nets. Then, large scale fisheries began to take hold in the 1800s. "The impact of early fisheries was substantial," Holm  Read Full Story
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Reported by: robert klein
French Climate Skeptic Eyed for Super Ministry News Link  •  Climate Change
 French Climate Skeptic Eyed for Super Ministry
05-28-2009  •  arclein 
French President Nicolas Sarkozy's appears ready to appoint renowned geophysicist and former socialist party leader Dr. Claude Allegre " France's most outspoken global warming skeptic -- as the new super-ministry of industry and innovation  Read Full Story
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Reported by: robert klein
State Trooper Stops Ambulance Transporting Patient To Hospital & Assaults EMT News Link  •  Law Enforcers or Peace Officers
 State Trooper Stops Ambulance Transporting Patient To Hospital & Assaults EMT
05-28-2009  •  KTUL.com 
White says the officer was in a rage when he approached them & yelled "get your a-- back here! I am giving you a ticket for failure to yield." White says he told the trooper they had a patient in the ambulance and that they were on their wa  Read Full Story
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Reported by: Terry Bressi
4409 -- Liberal John McCain confronted at Town Hall 5/27/2009 Feature Article  •  Videos by 4409
 4409 -- Liberal John McCain confronted at Town Hall 5/27/2009
Forty Four O Nine
   The crew confronts McCain for his constant lies about amnesty and the bailout scam which he voted for but seems to forget that part.
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Sotomayor on the Supreme Court: A Gun-grabber’s Dream Come True News Link  •  Gun Rights
 Sotomayor on the Supreme Court: A Gun-grabber’s Dream Come True
05-28-2009  •  InfoWars.com 
Sotomayor wrote a these entitled “Deadly Obsession: American Gun Culture.” In the text, Sotomayor makes the argument that the Second Amendment does not actually afford individual citizens the right to bear arms. She believes only the military has thi  Read Full Story
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Reported by: Jack Gregson
The Ownership Society: Seven Years Later News Link  •  Conspiracies
 The Ownership Society: Seven Years Later
05-28-2009  •  YouTube.com 
This is video of George Bush introducing 'The Ownership Society' on May 17, 2002. See for yourself the housing bubble being created so it would later implode.   Read Full Story
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Reported by: Jack Gregson
A redneck view of the Obamarama News Link  •  Obama Administration
 A redneck view of the Obamarama
05-28-2009  •  AfterDowningStreet.org  
"It don't matter who gets to warm his butt in the White House chair," says a West Virginia trucker. "The top dogs eat high on the hog and the little dogs eat the tails and ears. That's what them bailouts is all about, and that*  Read Full Story
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Reported by: Jack Gregson
Commercial Real Estate: Top-Rated Mortgage Debt May Face Rating Cut News Link  •  Economy - Economics USA
 Commercial Real Estate: Top-Rated Mortgage Debt May Face Rating Cut
05-28-2009  •  Bloomberg.com 
As much as 90 percent of so-called super senior commercial- mortgage backed bonds sold in 2007 may be affected as the ratings firm changes how it assesses the debt, New York-based S&P said today...  Read Full Story
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Reported by: Jack Gregson
Denninger: The Curtains Are On Fire News Link  •  Economy - Economics USA
 Denninger: The Curtains Are On Fire
05-28-2009  •  Market-ticker.denninger.net 
What's worse is that the banks are charging off (that is, disposing as worthless) a huge amount and yet even that is not slowing down the bad loan count - they're going delinquent faster than the banks are charging them off.   Read Full Story
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Reported by: Jack Gregson
April New Home Sales Fall 34% Year Over Year News Link  •  Housing
 April New Home Sales Fall 34% Year Over Year
05-28-2009  •  Ritholtz.com/blog 
Sales of new one-family houses in April 2009 were at a seasonally adjusted annual rate of 352,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.   Read Full Story
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Reported by: Jack Gregson
U.S. Weighs Single Agency to Regulate Banking Industry: The Federal Reserve News Link  •  Federal Reserve
 U.S. Weighs Single Agency to Regulate Banking Industry: The Federal Reserve
05-28-2009  •  washingtonpost.com/ 
They favor vesting the Federal Reserve with new powers as a systemic risk regulator, with broad responsibility for detecting threats to the financial system. The powers would include oversight of previously unregulated markets, such as the derivative  Read Full Story
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Reported by: Jack Gregson
Unemployment Claims: Continued Claims at Record 6.79 Million News Link  •  Economy - Economics USA
 Unemployment Claims: Continued Claims at Record 6.79 Million
05-28-2009  •  CalculatedRiskblog.com 
Continued claims are now at 6.79 million - an all time record. This is 5.1% of covered employment.   Read Full Story
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Reported by: Jack Gregson
Mortgage Delinquencies, Foreclosures Hit Records on Job Cuts News Link  •  Housing
 Mortgage Delinquencies, Foreclosures Hit Records on Job Cuts
05-28-2009  •  Bloomberg.com 
“If people don’t have a paycheck they can’t support a mortgage,” Jay Brinkmann, the MBA’s chief economist, said in an interview. “The longer the recession lasts the more people run through their savings reserves, leading to higher delinquencies...  Read Full Story
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Reported by: Jack Gregson
Jekyll Island Secret Liberty meeting Part 2. Interview with Micheal Badnerick and more. News Link  •  Federal Reserve
 Jekyll Island Secret Liberty meeting Part 2. Interview with Micheal Badnerick and more.
5-21-09  •  www.LCLReport.com 
We find out more details about what was really going on behind closed doors with interviews from Micheal Badnerick, Edward Griffin and Catherine Bleish.  Read Full Story
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Reported by: Tarrin Lupo
Space Debris News Link  •  Science, Medicine and Technology
 Space Debris
05-28-2009  •  arclein 
Space debris remediation, i.e. active debris removal from orbit, was identified as the next necessary step. Several contributions addressed technical and operational aspects of implementing such measures. In the area of Hypervelocity Impacts and P  Read Full Story
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Reported by: robert klein
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