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These pages list the most recent news stories reported by the readers and editors of Freedom's Phoenix:
"All the key drivers of China's Treasury purchases are disappearing," said Ben Simpfendorfer, an economist in the Hong Kong office of the Royal Bank of Scotland. "There's a waning appetite for dollars and a waning appetite for
The sheriff was in federal custody Thursday after a judge ruled he purposely fed inmates skimpy meals so he could make money from an unusual system that lets sheriffs turn a profit on their jail kitchens.
This mod takes exotic lending to level I have never witnessed in my 20-years of mortgage banking. This makes a Pay Option ARM looks safe and cozy
SINGAPORE (Reuters) - Oil hovered below $43 on Thursday after tumbling 12 percent overnight, its largest percentage drop in seven years, as a U.S. government report showed crude stocks rose much more than expected in the world's top energy consum
The flight was the first by a US carrier to use an alternative fuel source, and the first in the world to use a twin-engine commercial aircraft (rather than a four-engine plane) to test a biofuel blend.
Lebanese militants fired at least three rockets into Israel early Thursday, threatening to open a new front for the Jewish state as it pushed forward with a bloody offensive in the Gaza Strip that has killed nearly 700 people.
The head of Europe's biggest economy said Thursday that world leaders should be looking at the massive U.S. deficit and other economic imbalances, not just problems caused by financial markets, as they debate a new global order.
"But I'm always leery when people start thinking too much of politics and not (economics). . . . Giving everybody a little bit of money. I don't know that will have a stimulative effect." Republicans are a tougher sell, even with Ob
President-elect Barack Obama said the recession could "linger for years" unless Congress pumps unprecedented sums from Washington into the economy. "I don't believe it's too late... but it will be if we don't take dramatic
The number of people continuing to seek unemployment benefits has risen sharply, according to government data indicating that laid-off workers are having a harder time finding new jobs as the recession enters its second year.
The US have shortchanged Afghanistan by focusing on short-term goals pursued without a cohesive strategy or a clear understanding of the way the decentralized country works. Should think of the project as the work of a decade at least
Contending it's not a federal crime to violate the service terms of a Web site, a defense attorney asked a judge to dismiss the conviction of a mother in a cruel Internet hoax on a 13-year-old girl who committed suicide.
Should Americans begin erecting billboards along all the borders that read: ¡Cruce la frontera en su propio riesgo! (Cross the border at your own risk!)?
So, yet again, the people of the virtual-concentration camp, known officially as ‘Gaza’, are being bombarded from the sky by the bully-boys of Tel Aviv. State-of-the art Israeli jets, paid for by the United States, bomb civilian targets in this tr
The U.S. will give an estimated $26 billion in foreign aid in 2008—70% more than when President George W. Bush took office (the figure doesn’t include funds related to the wars in Iraq and Afghanistan). More than 150 countries get financial assistanc
Asian stocks declined, wiping out the benchmark index’s 2009 gains, as the deepening global recession reduced profits and drove down oil and metals prices.
The collapse of the stock market last year left corporate pension plans at the largest companies underfunded by $409 billion, reversing a $60 billion pension surplus at the end of 2007, according to a study released yesterday.
Currencies including the dollar and the euro have entered a period of extreme volatility that is hindering global commerce and adding further uncertainty to a world economy facing its worst downturn in decades.
The Army mistakenly sent letters addressed "Dear John Doe" to 7,000 family members of soldiers who died in Iraq and Afghanistan, unleashing calls from troubled relatives and prompting a formal apology yesterday from the Army's top gener
Sitting down? It's time to tally up the federal government's bailout tab. There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits and has aggressively driv
"In short, beware the happy talk from those who say we are “turning the corner,” ignore the daily ups and downs of the market, and tighten your belts. This is going to hurt."
In the past China has bankrolled its huge reserves by effectively requiring its entire banking sector, which is state-controlled, to hand nearly one-fifth of its deposits over to the central bank. The central bank, in turn, has used the money to buy
Showing that they haven’t lost their ability to waste their stockholders’ & the taxpayers money by violating travelers’ rights, JetBlue & two TSA officials have paid $240,000 to a passenger who they forced to cover up the message on his t-shirt as a
Knowing that Homeland Security officers are creating animosity and anxiety at our borders does not make me feel safer. How many truly bad guys slip by while U.S. officers stand in small rooms and pick on little women?…
CameraFRAUD has uncovered that ATS has been quietly using Automatic Number Plate Recognition (ANPR) devices to monitor and track the movements of those within the self-proclaimed “Most Livable City." The devices are also RFID-ready.
Obama also confirmed that he plans to lay out a roughly $775 billion economic stimulus plan on Thursday but indicated that the amount could grow once it gets taken up by Congress.
A law set to go into effect Feb 10 will clear thrift stores and specialty retailers of children's clothes and toys. [unintended consequences? What unintended consequences?]
"We have not made any decision about deferring payments or using IOUs, but they are possibilities if the governor and Legislature don't come to some agreement soon," Chiang spokeswoman Hallye Jordan said Tuesday.
The $493,000 set was inspired by a few pieces of green basketweave-patterned French china in the White House collection believed to have come from James and Dolley Madison. It was paid for by a privately funded trust of the White House Historical Ass
"What you mean by seizing the whole earth; but because I do it with a petty ship, I am called a robber, while you, who do it with a great fleet, are called emperor."
