Accelerating Jumbo Mortgage Delinquencies Will Bash High-End Properties
• Businessinsider.com/Talk to Hannerle Moore, an agent at Michael Saunders & Co. She suggests a sobering strategy. Reduce prices at least 40 percent from 2005 highs.
Current News Headlines
These pages list the most recent news stories reported by the readers and editors of Freedom's Phoenix:
Hello Double-Dip: Initial Jobless Claims Surge To 472,000
• Businessinsider.com/The number: And the number is out at 472,000, which is way too high for comfort.
BP gets OK to dump mercury into Lake Michigan
• godlikeproductions.comA BP (BP) refinery in Indiana will be allowed to continue to dump mercury into Lake Michigan under a permit issued by the Indiana Department of Environmental Management. The permit exempts the BP plant at Whiting, Ind., 3 miles southeast of Chicago,
Nano Patterned Super Conducting Films
• arcleinBrookhaven National Laboratory has fabricated thin films patterned with large arrays of nanowires and loops that are superconducting — able to carry electric current with no resistance — when cooled below about 30 kelvin (-243 degrees Celsius). Even
Radiation-Soaking Metamaterial Puts Black in the Shade
• arcleinthey found that 20 per cent of it was reflected if the surface was polished, though the proportion dropped to less than 1 per cent if it was roughened.
Afghanistan's Motherlode
• arclein"Sudan will host the Winter Olympics before these guys get a trillion dollars out of the ground," said Luke Popovich of the National Mining Assn., which represents U.S. mining companies.
Northrop Grumman to Build Airship
• arcleinrapidly emerging market space of airships for the military and homeland defense arenas," said Gary Ervin, corporate vice president and president of Northrop Grumman Aerospace Systems sector.
Northrop Grumman awarded $517 million contract for LEMV systems by U.S. Army
• Defense WorldA new hybrid airship weapons system, just larger than the length of a football field, will take to the skies in just 18 months to provide an unblinking, persistent eye for more than three weeks at a time to aid U.S. Army troops in Afghanistan
CHART OF THE DAY: America Industrial Output Is Breaking Record Highs In One Category: Defense!
• Vincent Fernando, CFA and Kamelia AngelovaU.S. industrial production remains well below its peak level. In the meantime, America's output of defense and space equipment, mostly tools of war, is at record levels. Industrial activity is clearly booming in the wrong place.
Wikileaks ‘confirms’ it has video of US massacre in Afghanistan
• RawstoryWikileaks' founder says he has obtained video of a US "massacre" that took place in Afghanistan in 2009."The clip will show previously classified footage from US warplanes that had been tapped to bomb Taliban positions in Farah province,
Congress doing quite well financially this year
• APRegardless of the disaster in the Gulf and turbulence in the stock market, most congressional leaders enjoyed nice nest eggs for their post-political days.
8 House members investigated over fundraisers held near financial reform vote
• Washington PostThe Office of Congressional Ethics is investigating 8 lawmakers who held fundraisers within 48 hours of a major House vote on a Wall Street reform bill or received substantial donations from business people with a financial stake in the bill,
‘Gather your armies’: Is GOP candidate stoking armed revolt?
• RawstoryRick Barber, a candidate in the Republican primary for Alabama's 2nd district, has released an ad in which he implies he supports impeaching President Obama, goes on a protracted criticism of the IRS, concluding with George Washington declaring, "Gat
American on US No-Fly List Stranded in Egypt
• APA Virginia man said he has been stuck in limbo in Egypt for the last six weeks, living in a cheap hotel and surviving on fast food after his name was placed on a U.S. no-fly list because of a trip to Yemen. Yahya Wehelie, a 26-year-old Muslim who was
Questioning Keynes
• CNN MoneyIn light of the European and U.S. economic debacles, economic leaders are now questioning -- and in some cases challenging -- Keynes' general philosophy that more spending is better than less during economic downturns.
NPR Poll Shows Tough Road Ahead for Democrats
• National Public RadioDemocrat Stan Greenberg and Republican Glen Bolger conducted the first public battleground poll of this election cycle. Out of 70 House districts experts regard as most likely to oust incumbents this fall, their results are bad news for Dems.
WeAreChangeLA Organizer Faces Terrorist Charge
• http://WACLA.ORGWeAreChangeLA’s lead organizer Bruno Bruhwiler is being targeted as a terrorist threat. It all began when Bruno was sitting in the audience at a civil hearing for another WACLA member. The Judge literally did not like Bruno’s involuntary facial expre
The Impossibility of Shutting Down BP's Gulf Oil Well
• TheOilDrum.comThe magnitude and impact of this disaster will eclipse anything we have known in our life times if the worst or even near worst happens...
Statism and Myth as a Tool of Survival and Perpetuation Part IV: Towards Perfectibility and Utopia
• www.drscoundrels.comThe great difference between freedom as a positivist understands it and freedom as a naturalist understands is quite substantial. Positivists view freedom as “...a lack of resistance or restraint (56 Skinner, Beyond Freedom and Dignity),” and they tr
BP GETS PWNED BY "GLP"
• godlikeproductions.comhomegrown video http://video.godlikeproductions.com/video/BP_Contractors_Get_OWNED_in_Destin_Florida?id=2901a7de9321663b114
Watch Aggie the Traveling Agrobacterium – A GMO Primer on Veoh!
• Farm WarsThe Adventures of Aggie the Traveling Agrobacterium is a narrated slide show outlining the genetic engineering process and the danger that it poses in a simple and fun, easy to understand format for both adults and children.
Only Book Ever Written on the Subject of Junk Coins
• Keith HamburgerThis book is the only book ever written specificially on the subject of junk coins. Along with an introduction to the why's and how's of buying junk coins it includes data from nearly 100 countries on thousands of coins from around the world.
Gulf Oil Disaster: Who is Advising President Obama on Disaster?
• Mondo FrazierWhere’s Obama going for advice on the Gulf oil disaster? There’s a compilation from the RNC that makes the case that Obama’s actions mirror cues from the media. There’s also evidence that the president is listening to the Center for American Progress
Do laws even matter today?
• USA Today (incredible but true)Our leaders have led us not to an economic crisis or an immigration crisis or an environmental crisis or a civil liberties crisis. They have led us to a crisis of faith where citizens no longer believe that laws have any determinant meaning.
State Dept Wants Own ‘Combat Force’ for Iraq
• AntiWar.comTenuous though it may be, the Obama Administration maintains that it still intends to complete the Iraq military pullout by the end of December 2011. Even that won’t be the end of combat operations, however.
Gulf Crisis Implodes Presidency: Obama Didn't Stand, He Didn't Deliver
• CounterPunch.orgAs far as plugging the hole goes, there was no news from the President's lips. He avoided using the word August.
Forget The PIIGS, The U.S. Is The Weakest Sovereign Debtor Of Them All
• Businessinsider.com/According to Scotia Capital, the real sovereign debt problem is lurking in two of the world's biggest economies, the U.S. and Japan. In fact, they rank the U.S. the weakest sovereign for its current debt position.
Fly-Over Poll: Just Say No to Obamunism
• Nancy MorganThere’s over 300 million Americans and sometimes it seems there are at least that many political polls. Here’s a little-known poll from Murells Inlet, SC: the fly-over country poll. Will readers agree with its findings or not?
Audit the Fed is Dead
• godlikeproductions.comWASHINGTON - The Federal Reserve scored a political victory on Wednesday as Democrats mulling financial reform backed off measures that would expose monetary policy to audits and make the head of the New York Fed a political appointee.
Explosives found in vehicle at Army base in Ga.
• APThe FBI was investigating after a civilian was arrested with grenades in his vehicle on an Army base in Georgia. The arrest came a day after an AWOL serviceman was arrested in Florida for trying to enter an base there with fake ID and weapons,
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