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These pages list the most recent news stories reported by the readers and editors of Freedom's Phoenix:
The White House is considering at least 2 troop withdrawal options as it weighs a new Iraq strategy - one that would preserve President Barack Obama's campaign pledge to get all combat brigades out within 16 months and a second that would stretch
With job losses soaring nationwide, Senate Democrats reached agreement with a small group of Republicans Friday night on an economic stimulus measure at the heart of President Barack Obama's plan for combating the worst recession in decades.
For anyone who wishes to help, please come to the workshop Friday afternoon/evening (February 6th, 2009) from 4 p.m. to 9 p.m. to make 'Its Not My Debt' banners.
In 2001, a study by economists Karl Case, John Quigley and Robert Shiller found that almost all of the aggregate wealth effect came from changes in housing wealth, with very little resulting from changes in financial wealth.
Keep alive zombie banks and zombie corporations with balance sheets and debts that haven't been restructured, as in Japan, and you end up in an L-shaped near-depression, Roubini said.
To raise the TCE at the two banks to 5%, the government would need to pay around $150 billion more for those toxic assets than their current book value, for a premium of about 40%. That's a great deal for the banks, but a calamity for taxpayers.
Consumer confidence levels in the US are now at levels comparable to those seen at the time of the 2nd oil crisis. The current rate of collapse has been very rapid and comes on the back of nearly a decade of stability following the DotCom crash in 20
The company also took a large write-down of $8.4 billion, about $3 billion of which reflected a decline in the value of the company's newspaper unit, which includes Dow Jones, the publisher of The Wall Street Journal.
LONG BEACH, California (AFP) — Robots will be armies of the future in a case of science fact catching up to fiction, a researcher told an elite TED gathering on Wednesday. [Also, with no pre-conceived notion of who the enemy is]
"You need a shock-and-awe approach to the banking balance sheets," said El-Erian, whose firm operates the world's largest bond fund. "You cannot do this through multiple rounds because people lose confidence."
WARNING: Explicit language, but it's how the man feels...
Fresh from the inauguration, actor Val Kilmer is pondering running for governor in 2010, when two-term Democrat Bill Richardson will be forced from office by term limits.
Remember the record-breaking Ron Paul Money Bomb? Well Patriot Trevor Lyman is at it again!
Since President Obama took office two weeks ago, the DEA has undertaken at least seven separate raids of state-authorized medical marijuana providers in California and Colorado.
WASHINGTON (AP) -- The Food and Drug Administration made history Friday as it approved the first drug made with materials from genetically engineered animals, clearing the way for a new class of medical therapies. (Gen. altered Goat Blood)
"Crude oil fell on concern that fuel demand in the US... may decline, as a report showed the number of newly jobless climbed to a 26-year high," said BetOnMarkets analyst Dave Evans.
The US Treasury on Wednesday opened the floodgates of government bond issuance, revealing plans for a record debt sale in February and more frequent auctions in the months to come.
Still, he said, “the man in the street would say, ‘We’re paying to fix somebody else’s mistake by paying the very people who are part of the system that produced the mistake.’”
According to CBS news, an IRS survey showed that ninety percent of Americans feel it´s wrong to cheat on their income taxes. "Who are these people?"
California's first-ever furloughs began Friday with more than 200,000 state workers expected to stay home without pay amid the state's fiscal crisis.
Total of Treasury & Agency Debt held by foreign central bank rose just $2.661 billion in the week. That’s clearly not enough to support all the contemplated T-bill sales in the medium term, so Doomers should watch over the next while to see if that n
A Serious Economist has finally said that the lack of scruples in America and Britain has gone beyond the tipping point, and is going to exact high societal costs. The parasites are eating the host. I hope someone out there is taking notice.
Rachel Maddow realizes that the Obama Administration is treading on dangerous ground if they continue the same kleptocrat policies of Paulson and Bernanke. She even has the guts to admit that its getting hard to get a good nights sleep.
Regardless of election hoopla, Washington is the same one-party town it always has been—controlled not by Democrats or Republicans, but by Kleptocrats (i.e., thieves). Their ties to money make them the undead zombies in the slash-and-burn horror flic
Across the country, there are reports of girls like Ashley becoming chronically ill, and even dying, after being vaccinated with Gardasil - raising questions about whether the vaccine is safe.
Gold prices are set to jump toward $1,000 an ounce and probably beyond to new records as droves of investors fearing financial instability and surging inflation pile into the precious metal. Expectations of a weaker dollar, which makes gold priced in
Israel will go along with President Barack Obama's Iran diplomacy, but try to shorten the deadline for results by signaling its willingness to attack Iranian nuclear sites if need be.
Policymakers are considering an idea that the government change its existing holdings in the banks, which have taken the form of preferred shares -- non-voting stock that carries a fixed dividend -- into convertible preferred shares that could be con
Authorities in northern Cyprus believe they have found an ancient version of the Bible written in Syriac, a dialect of the native language of Jesus. ... they believe the manuscript could be about 2,000 years old.
"Well, I wrote two years ago a report entitled 'Is America becoming a banana republic?' And there are some features that characterize banana republics- totalitarian states, very strong government intervention into the economy, and the po
