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These pages list the most recent news stories reported by the readers and editors of Freedom's Phoenix:
To put the $18.9 billion figure in perspective, consider FDIC’s estimate for insured deposits at the two major banks closest to collapse—Citi and BofA: $103 billion and $449 billion respectively. And those figures understate the total...
The Army is on standby to deal with rioting on UK streets as a result of the economic crisis according to a newspaper report, which states that MI5 is targeting political activists who could help create a “summer of discontent”.
Earlier this year it was reported that the US was considering playing an increasing role in the drug war, and the possibility of joint operations with the Mexican military was raised.
Eastern European countries gave an apocalyptic warning yesterday of hordes of unemployed workers heading west as a new Iron Curtain divides rich from poor inside Europe.
Renegade soldiers assassinated the president of Guinea-Bissau in his palace this morning, hours after a bomb blast killed his rival.
Hit men dressed in fake police tactical gear burst into a home in Phoenix, rake it with gunfire and execute a man. Armed kidnappers snatch victims from cars and even a local shopping mall across the Phoenix valley for ransom, turning the sun-baked ci
Citigroup may need to raise additional capital despite the U.S. government's move to bolster its capital base, said an analyst at Deutsche Bank, who sees a 2009 loss of about $4.5 billion for the company excluding any preferred share dividend pay
At least one insurer organization has raised the bigger question of whether the bailout is giving AIG an unfair advantage in the insurance market, and what impact that will have on healthier competitors in the long term. The point may be moot,
Asian stock markets slumped Monday morning amid resurgent concern — fueled by poor growth data in the United States — that a recovery in the global economy and renewed demand for exports are unlikely to materialize until next year.
By midmorning, hundreds of angry people were blocking the nearby highway, burning tires and shouting "Death to America!" By mid-evening, millions of Afghan TV news viewers were convinced that foreign troops had killed an unarmed man trying
A company's CEO vowed an appeal to the West Virginia Supreme Court -- but first, he spent an unprecedented $3 million to persuade voters to get rid of a judge he didn't like and elect one he did. That judge provided the deciding vote
Steel and chemical factories, once the muscle of Ukraine’s economy, are dismissing thousands of workers. Cities have had days without heat or water because they cannot pay their bills, and Kiev’s subway service is being threatened. Lines are sproutin
Travel on a common carrier is, by law, a right, not a privilege, as long as you pay the fare and comply with the law and the terms of the airline’s tariff. No publicly-disclosed law or regulation requires you to show ID to fly on a domestic U.S. flig
Speed cameras can't be trusted, and neither can the people who operate them
Since the media has decided to scare everyone with predictions of chemical, biological, or nuclear warfare on our turf, I decided to write a paper and keep things in their proper perspective. I am a retired military weapons, munitions, and training e
Before you say, "they can't do that", recall the effective confiscation of gold in the Great Depression. rationing, wage and price controls, the suspension of habeus corpus. There is a good deal that the Feds could do if they chose to,
Now he expects the economy to contract by 20%. And his latest prediction - to which he attaches a 25% probability - is that Ireland will default...
The mass mutiny at Grand Central Market provides a strong hint at what's coming.
That they would take an equity stake in a firm based in Hong Kong is beyond outrageous.
"Simply have the humility to seek. Resistance only comes from your pride. Relinquish pride, and pray."
And things could get worse. We now face a 1 in 3 chance that, if appropriate policies are not put in place, this ugly U-shaped recession may turn into a more virulent L-shaped near-depression or stag-deflation
California is a microcosm of the entire United States. The most populace state with a GDP of $1.8 trillion, much of what happens in California does spread throughout the country. California’s employment situation is deteriorating at a breathtaking
The recession tightened its grip on U.S. businesses and consumers in February, according to economists, who are predicting the largest one-month job loss in almost 60 years.
The sharp downward spiral of oil prices has prompted economists to predict that Tehran is facing severe financial hardship within the space of a few months.
My all-time FAVORITE Sci-Fi author Philip Jose Farmer died Wednesday. This great man had more impact on me becoming who I am today more than any other person on Earth, and I will truly miss him!
Investors fleeing eastern Europe to cover losses at home have pushed down Poland’s zloty by 28 percent against the euro in the past six months, Hungary’s forint by 21 percent, Romania’s leu by 18 percent and the Czech koruna by 12 percent.
Granted, its in one of the most economically devastated regions of the country, but still — that data point is amazing.
Jim Bowden resigned after four seasons as the Washington Nationals general manager, leaving under the cloud of a federal investigation into the skimming of signing bonuses given to Latin American prospects. He has maintained his innocence in the matt
Paul Harvey, the news commentator and talk-radio pioneer whose staccato style made him one of the nation's most familiar voices, died Saturday in Arizona, according to ABC Radio Networks. He was 90.
"It makes no sense that the governor is surrounded by constitutional officers who are trying to derail him," Schwarzenegger says. "Look at the way the nation runs: The president appoints those Cabinet positions. Sig Heil and all of th
