The Fight Plan for Clean Air
• NY TimesThe Environmental Protection Agency, about to declare heat-trapping gases to be dangerous pollutants, has embarked on one of the most ambitious regulatory challenges in history.
Current News Headlines
These pages list the most recent news stories reported by the readers and editors of Freedom's Phoenix:
Challenge to Landmark Law Worries Preservationists
• NY TimesCarol Mrowka considers her East Village neighborhood here attractive, comfortable — and ordinary. So when the city deemed the area an official landmark, Ms. Mrowka found it absurd and went to court.
Fired 9/11 Professor sues for his job back
• Washington PostA former University of Colorado professor, assailed for likening Sept. 11 victims to a Nazi leader and fired for alleged plagiarism, testified in court Monday that the 2001 terrorist attacks were "perfectly predictable."
While all fall NPR Achieves Record Ratings
• Washington PostAt a time when newspapers, magazines and TV news continue to lose readers and viewers, at least one part of the traditional media has continued to grow robustly: National Public Radio.
Mt. Redoubt Wakes Up
• arcleinAlaska's Mount Redoubt volcano erupted five times overnight, sending an ash plume more than 9 miles into the air in the volcano's first emissions in nearly 20 years. Residents in the state's largest city were spared from falling ash, thou
Senate Will Delay Action on Punitive Tax on Bonuses
• Washington PostJarred by a cool reception from the White House and fears of unintended consequences across the financial world, Senate leaders are likely to delay until late next month legislation to punitively tax bonuses at banks and investment firms that receive
An Ancient Culture, Bulldozed Away
• Washington PostFor hundreds of years, Uighur shopkeepers have been selling bread and firewood along the edges of Kashgar's old town to families whose ancestors bought their traditional mud-brick homes with gold coin and handed them down through the generations.
U.S. Seeks Expanded Power to Seize Firms
• Washington PostThe Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage
AIG Seeks More US Funds As Record Loss Looms Next Monday
• CNBC.comAmerican Insurance Group, the insurance giant that is 80-percent owned by the US government, is in discussions with the government to secure additional funds so it can keep operating after next Monday. AIG faces a loss of $60 billion for the quarter.
Phoenix Real Estate: Foreclosures surge in January
• AZcentral.comIn Scottsdale, 35 percent of existing-home sales are foreclosures; the foreclosure rate for Maricopa County is 52 percent.
Fed to Extend TALF for Commercial Real Estate: Long Slump Feared
• Bloomberg.comThe Fed would prop up the CMBS market by lending against the securities for a five-year term rather than three years, and taking as collateral existing debt...
Obama backs Bush, tries to kill 'lost' White House emails lawsuit
• Rawstory.comThe Obama administration, siding with former President George W. Bush, is trying to kill a lawsuit that seeks to recover what could be millions of missing White House e-mails in a stunning reversal of Obama's rhetoric about Bush secrecy on the ca
Obama's foreclosure plan won’t help those most in need
• thetruthaboutmortgage.com/Digging a bit deeper, only 8.4 percent of homeowners in the San Francisco metro region meet the program’s criteria, and it’s even lower (6.9 percent) in the San Jose region.
Michael Shedlock: Citigroup Begs To Be 40% Nationalized
• Michael Shedlock / MishCitigroup is a black hole, sucking in every dollar thrown at it and it still wants more. No amount seems enough to save it. Taxpayers have already guaranteed a whopping $300 billion dollars worth of Citigroup debt. Now, two months later...
UK faces summer of rage - police fear Middle-Class anger at economic crisis
• guardian.co.uk/Police are preparing for a "summer of rage" as victims of the economic downturn take to the streets to demonstrate against financial institutions, the Guardian has learned.
Mish: Taxpayers To Get Raped In Public-Private "Partnership"
• Michael Shedlock / MishWhat they need to do is tell the truth. Here is a good statement for to kick off a truth telling campaign: "The banking system is insolvent".
Robert Shiller: House Prices Still Way Too High
• finance.yahoo.com/Despite the 25 percent nationwide decline since the 2007 peak, U.S. house prices have still only fallen halfway to fair value. So whatever you think of Obama's plan, don't count on a quick housing-market turnaround.
Now It's Official: Bank Stress Test Results Pre-Determined by Obama
• NakedCapitalism.comIs it a test if the results are pre-determined? Apparently Team Obama thinks so.
Emperor has no clothes: Major U.S. banking institutions "Well capitalized"
• CalculatedRiskblog.comThe U.S. government stands firmly behind the banking system during this period of financial strain to ensure it will be able to perform its key function of providing credit to households and businesses. ...
UBS shares hit new low on U.S. tax probe fallout
• ReutersThe settlement was backed by the Swiss government, but experts said it opened cracks in Switzerland's treasured bank secrecy laws, and UBS is still facing a civil case in which U.S. authorities are seeking access to the names of another 52,000 cl
Rare Jaguars Spotted in Arizona and Mexico
• LiveScienceThe Arizona Game and Fish Department caught and collared a wild jaguar in Arizona for the first time. While a handful of the big cats have been photographed by automatic cameras in recent years, the satellite tracking collar will now help biologists
Jewish jewels from Black Death plague on display
• ReutersA hoard of jewels and coins, probably hidden by Jews fearing reprisals when the Black Death plague sweeping Europe was blamed on them, has gone on display in Britain for the first time.
Russia Sinks Chinese Ship Bound For US With Nuclear Warhead
• Russia TodayMilitary Analysts are reporting that Russian Coast Guard and Naval forces were ‘forced’ to sink the Chinese registered cargo ship New Star bound for US Port of Seattle after it refused orders to stop
Is YouTube Censoring videos?
• WeAreChangeArizona.orgI'm not entirely sure, but more than a few people have commented about having difficulties watching the video I recently posted to Youtube of Obama's visit to Phoenix. Confronted my self with a black Youtube screen saying "this video is
Citi Holds Talks With U.S. Over Bigger Ownership Stake
• DealBookCitigroup officials approached the regulators with a plan that would allow them to convert a substantial amount of the $45 billion of preferred shares held by the government into common stock giving the government a much bigger ownership stake
Supporters Upbeat About Bill to Give D.C. a Vote in Congress
• Washington PostSupporters of D.C. voting rights believe that they are on the verge of their biggest victory in at least 30 years as the Senate prepares to take up a bill this week creating a full House seat for the District.
Sen. Feingold's Constitution<br>by George Will
• Washington PostSome governors have recently behaved badly in appointing people to fill U.S. Senate vacancies. Feingold's solution, of which John McCain is a co-sponsor, is to amend the 17th Amendment. It would be better to repeal it.
Army charity hoards millions
• APFORT BLISS, Texas — As soldiers stream home from Iraq and Afghanistan, the biggest charity inside the U.S. military has been stockpiling tens of millions of dollars meant to help put returning fighters back on their feet, an Associated Press investig
U.S. Lawmaker to Push Repeal of E-Gambling Ban
• PC MagazineA senior Democratic lawmaker will push legislation this year to repeal a U.S. ban on Internet gambling that has hurt trade ties with the European Union, a congressional aide said.
Swiss party wants to punish U.S. for UBS probe
• ReutersThe right-wing Swiss People's Party (SVP) called for retaliation against the United States over a U.S. tax probe into the country's biggest bank UBS that threatens prized banking secrecy. The populist SVP, the country's biggest party
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