One Slice Of Commercial Real Estate Signals The Upcoming Slaughter
• Businessinsider.com/Apartment building loans are experiencing soaring default rates, in what could be a signal of things to come for the broader commercial real estate sector.
Current News Headlines
These pages list the most recent news stories reported by the readers and editors of Freedom's Phoenix:
BP Oil Gusher Going From Bad to Worse: Has Drill Casing Worn Thru?
• businessinsider.com/Yet-to-be-confirmed rumors are that the casing wall has finally worn through, about 300 feet below seabed, at an annulus (coupling), and the gas and oil are now finding a new way out to the seabed.
Obama to snatch up to 75% of your income - feds could confiscate more than half of everything earned
• godlikeproductions.comIf President Obama repeals the Bush tax cuts and imposes a 20 percent value added tax, or VAT, on the U.S., Americans may be facing tax rates where more than half of everything earned is confiscated by the federal government in the form of income tax
Brain's Operating System
• arcleinUnlike computers, however, the human brain doesn’t crash. Yes, people have nervous breakdowns, but that has more to do with psychological stress than with data management
General Ocean Warming Confirmed
• arcleinCombining multiple estimates of heat in the upper ocean - from the surface to about 610 meters (2,000 feet) down - the team found a strong multi-year warming trend throughout the world's ocean.
Taking Back the Money Power
• arcleinTo avoid those unpredictable contingencies, municipal governments will keep a cushion of from 20% to 75% more than their budgets actually require. This money is invested, but not necessarily lucratively. One finance officer, for example, said that
Arctic Sea Ice Decline Ahead of Record
• arcleinWe are going to lose the summer sea-ice cover. We can't go back.” In April, the centre published data showing that sea ice had almost recovered to the 20-year average. That ignited a flurry of interest on climate change skeptic blogs. But much o
Barack Obama’s La Raza Ties
• Right Wing NewsIt turns out that El Presidente Obarrio "walks the walk" with the La Raza separatists. And from Michelle, "15 things you should know about 'The Race'":
US appoints first cyber warfare general
• The ObserverThe creation of America's most senior cyber warrior comes just days after the US air force disclosed that some 30,000 of its troops had been re-assigned from technical support "to the frontlines of cyber warfare". The creation of Cyber Command is in
U.S. night raid in Afghanistan elicits outrage, satisfaction
• LA TimesAn Afghan family says innocent people were killed, but the U.S. military expresses certainty that those who died in the early hours of May 14 were insurgents, including a Taliban commander.
UK plans rapid withdrawal from Afghanistan
• AFPSenior British officials, including new Foreign Secretary William Hague, arrived in Afghanistan Saturday with a warning that Britain wants to withdraw its troops as soon as possible. Hague, Defense Secretary Liam Fox and International Development Sec
Oil Drops to Near $69 as Stock Markets, Euro Fall
• APOil prices fell to near $69 a barrel Tuesday in Asia as plunging regional stock markets and a weaker euro rattled the confidence of commodity investors. Benchmark crude for July delivery was down $1.08 to $69.13 a barrel at midday Singapore time i
Miss. board denies staging 'sham' prom for lesbian
• APA rural Mississippi school district that was sued by a lesbian student who wanted to bring a same-sex date to the high school prom is denying accusations it routed her to a "sham prom" at a country club while most of her schoolmates partied elsewhere
World's Largest Airship Inflated to Create Monster 'Stratellite'
• SpaceA huge inflatable vehicle as long as a 23-floor skyscraper is tall has become the world's largest airship in its bid to serve as a stratospheric satellite, or "stratellite," according to its developers. The 235-foot (72 m) long airship, known as t
Proof the Oil feeds are Looped
• godlikeproductions.comView the live thread here - copy/paste url in case the hotlinking comes up "banned" http://www.godlikeproductions.com/forum1/message1075649/pg1
A Must See Interview: Eric Sprott On Financial Farcism
• ZeroHedge.comA must watch two part interview of Eric Sprott by BNN, in which the Canadian asset manager shares his views on the economy, financial markets, sovereign overleverage, industrial commodities, and, of course, gold.
20 Giant Banks Still Vulnerable
• moneyandmarkets.com/There are currently 20 very large institutions (with $25 billion or more in assets) in our vulnerable or “weakest” category, including Bank of America, Citibank, Wachovia, HSBC Bank USA, SunTrust, Regions Bank, RBS Citizens, plus the 13 others...
“This is a market purely on life support, sustained by the federal government”
• businessweek.com/news/The FHA and Fannie Mae and Freddie Mac, which regulators seized in 2008, have been financing more than 90 percent of U.S. home lending after a retreat by banks and the collapse of the market for mortgage bonds without government...
How Safe Are US Treasuries, Really?
• Businessinsider.com/The prices of Bonds, particularly the longer term Bonds (10, 20, 30 years), are rather sensitive to changes in interest rates. Unless you hold a Bond to maturity, its price can fluctuate rendering your investment not all that risk-free after all.
America's New Culture War
• The Washington PostIt's not what we've been told. Arthur Brooks of the American Enterprise Institute does a very good job of drawing the political-cultural battle lines in this rewarding essay published in, of all places, the Washington Post.
Raising Taxes Kills Federal Revenue
• www.drscoundrels.comThomas Jefferson said: "I, however, place economy among the first and most important of Republican virtues, and public debt as the greatest of the dangers to be feared." While Jefferson was speaking about spending wisely in this quote, it applies
Revealed: how Israel offered to sell South Africa nuclear weapons
• GuardianSecret apartheid-era papers give first official evidence of Israeli nuclear weapons
Unions Payoff For 100Mil? 165 Billion in Union Pension Fund Bailout By Taxpayers
• DRScoundrelsThat’s right, we called it. I wrote about it in an article you can see on here a couple of days ago. You can listen to it on my last radio show – the whole first hour. 100 million dollars to democrats from just 2 key unions to get their lapdog democr
'Knowing' Movie Knew About Oil Rig Explosion ?
• YoutubeI don't know what to think any more. This movie has the Gulf of Mexico suffering an oil platform explosion on 4/20/2010, and then this year, in real life, the same thing happened. More than a few people have noted the Illuminati symbolism in the fi
Lady Liberty Says... ENOUGH!
• www.drscoundrels.comThis is my first video attempt. If you like it please share with all those you know. This truly came from the heart. Believe me when I tell you I am not an expert of American history but what I know... I know. I am but one voice of one little America
Anonymous raids Vatican website
• Anonymous (Group)The internet activist group Anonymous planned on raiding the official website of the Vatican Sunday May 23 with a quote "/b/lackup" (/b/ being the symbol for random on *chan image boards) on May 25. Whether this plan has gone through is still being
N.Korea says it will OPEN FIRE at S.Korean propaganda loudspeakers across 38th Parallel
• godlikeproductions.comPYONGYANG, May 24 (Xinhua) -- The Democratic People's Republic of Korea (DPRK) vowed on Monday that if South Korea deployed propaganda loudspeakers along the border line, the DPRK military would fire at and destroy them, the official news agency KCN
How Israel offered to sell nuclear weapons to South Africa
• GuardianSecret South African documents reveal that Israel offered to sell nuclear weapons to the apartheid regime, providing the first official documentary evidence of the state's possession of nuclear weapons. The "top secret" minutes of meetings between
How the CIA got the world to buy American during the Cold War
• SlateAfter being rejected by a number of large publishers, John Perkins sold his memoirs to a smallish press called Berrett Koehler in 2004. Confessions of a Economic Hitman - equal parts political expose and James Bond novel - recounts his role in
& There it is....Oil taxes to QUADRUPLE to help pay for cleanup!!!
• godlikeproductions.comOil tax increase would help pay to clean up spills May 24 04:20 PM US/Eastern By STEPHEN OHLEMACHER Associated Press Writer Comments (38) Email to a friend Share on Facebook Tweet this WASHINGTON (AP) - Responding to the massive BP oil spill, Co
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