Current News Headlines

These pages list the most recent news stories reported by the readers and editors of Freedom's Phoenix:

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• Boston Globe

“I plan to get right back in it!’’ boomed James Traficant, the former Democratic representative from Ohio’s 17th district, announcing to 1,200 cheering supporters Sunday he just might still have a little of the old magic under that memorable rug.

Just like in his salad days, Traficant promised that he would take on the federal government that he said “cheated’’ to put him behind bars for racketeering and bribery. As the crowd shouted “Run for Senate,’’ he trashed the wars in Afghanistan and Iraq and caused a frenzy when he proclaimed: “If we can take care of people all over the world, we can take care of people here!’’

Calling himself “a congressman and a convict,’’ Traficant, released Wednesday from prison, invoked imprisoned Nelson Mandela and said he “knew America better’’ because of his years behind bars.

 

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• WSJ

In the heated debates on health-care reform, not enough attention is being paid to the huge financial windfalls ObamaCare will dole out to unions—or to the provisions in the various bills in Congress that will help bring about the forced unionization of the health-care industry. Tucked away in thousands of pages of complex new rules, regulations and mandates are special privileges and giveaways that could have devastating consequences for the health-care sector and the American economy at large. The Senate version opens the door to implement forced unionization schemes pursued by former Govs. Rod Blagojevich of Illinois in 2005 and Gray Davis of California in 1999. Both men repaid tremendous political debts to Andy Stern and his Service Employees International Union (SEIU) by reclassifying state-reimbursed in-home health-care (and child-care) contractors as state employees—and forcing them to pay union dues. Following this playbook, the Senate bill creates a "personal car

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• AP

 The American Civil Liberties Union wants reality TV star Richard Hatch freed from a jail where he has been held on charges of giving unauthorized interviews.   Hatch was taken into custody after giving TV interviews that the federal Bureau of Prisons said it had not approved. He was serving home confinement for failing to pay income taxes on his $1 million prize for winning the first season of the show.

During the interviews, Hatch said the trial judge discriminated against him because he was gay. The ACLU says Hatch has a right to criticize the government.

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• LiveScience

Other researchers have made live frogs and grasshoppers float in mid-air before, but such research with mice, being closer biologically to humans, could help in studies to counteract bone loss due to reduced gravity over long spans of time, as might be expected in deep space missions or on the surfaces of other planets.

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• Desertdezinez

It is now official: You are all morons. The U.S.Postal Service was established in 1775 – you have had 234 years to get it right; it is broke. Social Security was established in 1935 – you have had 74 years to get it right; it is broke. Fannie Mae was established in 1938 – you have had 71 years to get it right; it is broke.. War on Poverty started in 1964 – you have had 45 years to get it right; $1 trillion of our money is confiscated each year and transferred to “the poor”; it hasn’t worked. Medicare and Medicaid were established in 1965 – you’ve had 44 years to get it right; they’re broke Freddie Mac was established in 1970 – you have had 39 years to get it right; it is broke Trillions of dollars in the massive political payoff called the TARP bill of 2009 shows NO sign of working. And finally to set a new record:....

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• Lew Rockwell

There is something affected, something not believable, something agitpropish, about all the cheers for the glorious economic recovery we are supposed to be experiencing. Even some of the recovery's biggest boosters don't quite believe it. I'm thinking of the reporter on National Public Radio a few days ago who, at the end of a segment, offered a passing warning that the bust did not come to an "organic" end, but rather was artificially stopped by government intervention.

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• Bruce Krasting via Economic Policy Journal

The Social Security Trust Fund reported an August net deficit of $5.865 Billion. This is the largest monthly deficit in nineteen years. Base on recent years data it was not surprising the Fund ran a deficit in August. But the magnitude of the shortfall was a surprise to me. This deficit is now the seventh in the past twelve months. That pace has never been seen before. We deal with very big numbers these days. 100rds of billions and trillions are how we measure things. So a $6b monthly deficit for the Fund would appear to be a ho-hum. That is not correct. This is an important number. The Actuarial analysis of the Fund is misdirected. Their focus is based on the future value. It should be focused on the here and now. In the June annual report the Trustees concluded that the Fund would be broke in 2037. This conclusion is so far into the future that it is easy for everyone involved to say, “this is a next year problem, health care comes first”. Stephen Goss the Fund’s head honcho s

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• Washington Times

It was an article of faith to Democrats during the latter years of the George W. Bush administration that Afghanistan was the "right war," in contrast to the "wrong war" in Iraq. Taking a vocal stand for Afghanistan enabled them to slam President Bush's unpopular Iraq policy while adopting a fashionably hawkish stand on the war on terrorism. No one likes al Qaeda, and this posture gave then-candidate Barack Obama the chance to say tough-guy things like, "We must make it clear that if Pakistan cannot or will not act, we will take out high-level terrorist targets like bin Laden if we have them in our sights." Because Iraq was the idee fixe of the antiwar crowd, talking about Afghanistan wasn't likely to alienate the doves so long as Iraq was roundly denounced. Anyway, they knew it was just political posturing, right? What a difference a year makes. Conditions in Iraq have improved dramatically, and security in Afghanistan is deteriorating. An Aug.

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• YouTube

Congressman Joe Wilson Calls Obama A Liar During Speech
South Carolina Republican Rep. Joe Wilson called Obama out on his lies. Pelosi, Obama, and Biden's faces were priceless. My old Youtube channel was DELETED by Youtube last night, please SUBSCRIBE to my new one here! Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo. Disclaimer: The owner and operators of this web site user page do not engage in ill

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• New American

Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors. A Senate equivalent, S.604, the Federal Reserve Sunshine Act of 2009, has been introduced by Bernie Sanders (I-Vt.). It has 23 cosponsors. Both bills have received a tremendous groundswell of grass-roots support. Much of the support is coming from ordinary people who have become aware of the fact that the Federal Reserve has created trillions of dollars literally out of nothing during the past calendar year in its effort to micromanage its way out of the worst economic crisis since the Great Depression....

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• Campaign for Liberty

Thanks to the thousands of Campaign for Liberty members who have tirelessly dedicated themselves to spreading the word, gathering petitions, and putting continuous pressure on Congress by calling, writing, and faxing, Congressman Ron Paul informed C4L today that House Financial Services Committee Chairman Barney Frank has officially agreed to hold hearings on HR 1207! The hearings are tentatively scheduled for Friday, September 25 at 9:00 am.....

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• yahoo news

The United States wants to enlist its 3.4 million Girl Scouts in the effort to combat hurricanes, pandemics, terror attacks and other disasters. The Department of Homeland Security (DHS) launched a campaign Tuesday to entice the blue, brown and green-clad multitudes to be even more prepared, with the promise of a new patch if they pitch in.

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• Bleacher Report

Defending NASCAR Camping World Truck Series champion, Johnny Benson, and his No. 1 Red Horse Racing Toyota Tundra, began the 2009 season without sponsor.

After getting a two race deal from K&N Filters, Benson's team continued on without sponsorship.

Then Johnny Benson found some sponsorship. It was a gun company. The name was undisclosed, and Benson and the team submitted it to NASCAR for approval.

NASCAR came back and told Benson that the sponsor was disapproved.

 

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• blog.al.com

But the Fox-owned Speed TV, which broadcasts most of the truck races, threw a wrench into those plans by saying it would avoid putting the sponsor on the air, according to a story at MLive.com.

"We have somebody in the works to do it, but TV said they would avoid us if we had this sponsor, and it's a gun manufacturer," Benson said. "We are not sure why that would be the case, but that's the information they are giving us. We have to choose whether we want to head down that road or not. We would hate to have good finishes and run in the top three and have TV avoid us for that reason.

"Originally, I said NASCAR had revoked that, and it wasn't. NASCAR called me Tuesday after I had said that they had shot it down," Benson added. "Apparently it is the TV. It is a very interesting scenario. We have had other (gun) manufacturers in there, and why it is an issue today, I don't know. I haven't had a conversation with them

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• Charlie SHeen

[Riviting ED]I recently had the pleasure of sitting down with our 44th President of the United States of America, Barack Hussein Obama, while he was out promoting his health care reform initiative. I requested 30 minutes given the scope and detail of my inquiry; they said I could have 20. Twenty minutes, 1200 seconds, not a lot of time to question the President about one of the most important events in our nation’s history. The following is a transcript of our remarkable discussion.

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Charlie Sheen – Good afternoon Mr. President, thank you so much for taking time out of your demanding schedule.

President Barack Obama – My pleasure, the content of your request seemed like something I should carve out a few minutes for.

CS – I should point out that I voted for you, as your promises of hope and change, transparency and accountability, as well as putting government back into the hands of the America

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• Chuck Baldwin

Lest anyone doubt the communist leanings of President Barack Obama, look no further than to his decision to hoist the Red Chinese flag (for the first time in history) over the South Lawn of the White House in Washington, D.C., on Sunday, September 20.

According to China Daily, "Chinese associations in the United States had applied to hold a ceremony in front of the US President's residence to celebrate the 60th anniversary of the founding of PRC [People's Republic of China] . . .

"More than 1,000 people will attend the ceremony and the performances held after it, according to Zhao Luqun, who will direct the performances.

"Zhao said the performances will demonstrate the friendship, magnanimous spirit and kindness of modern Chinese people."

Trying to find words to describe the extreme offensiveness of flying the Communist Chinese flag over the White House challenges my vocabulary. Words such as UNBELIEVABL

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• Economic Policy Journal

Lloyd Blankfein, chief executive of Goldman Sachs, has attacked some investment banking products as socially useless and said that the controversy over bankers’ pay was both understandable and appropriate, in a speech to the Handelsblatt banking conference in Frankfurt. He did not comment on the "social" usefulness of his new townhouse with its 12 car garage. Blankfein said that multi-year bonuses should be outlawed and senior staff should receive large proportions of pay in stock, rather than cash. Top executives should be forced to hold the bulk of that stock until retirement, he said. He did no comment on the degree to which he and Henry Paulson have already cashed out of stock. He did not mention the self-serving nature of his comments on multi-year bonuses given that Goldman has spurned multi-year bonus guarantees at a time when rivals have been hiring aggressively using such promises. Blankfein also supported the call for global regulatory reform , but did n

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• The Market Ticker

The Federal Reserve's latest (through July) G19 update is out, showing consumer credit. To say that these figures are ugly would be an understatement. In fact, there is simply no way you can spin this - while this contraction in credit has to happen it has horrifying implications if our Washington policymakers don't get on the stick and deal with the underlying issues here and now instead of pretending that everything is ok or worse, try to "borrow our way to prosperity."Hiring isn't coming back any time soon either: SAN FRANCISCO (MarketWatch) -- Employers' hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower's Employment Outlook Survey, which started in 1962. That needs no further explanation. President Obama is trying to kick the can again: The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests abou

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• PR News Release

SPRINGFIELD, Mass., Sept. 9 /PRNewswire-FirstCall/ -- Smith & Wesson Holding Corporation (Nasdaq: SWHC), parent company of Smith & Wesson Corp., the legendary 157-year old company in the global business of safety, security, protection and sport, today announced financial results for the first fiscal quarter ended July 31, 2009. Net sales for the first fiscal quarter ended July 31, 2009 were $102.2 million, which was $23.8 million, or 30.3%, higher than net sales of $78.5 million for the first fiscal quarter last year. Gross profit of $35.6 million, or 34.8% of sales, for the first quarter of fiscal 2010 increased by 43.4% compared with gross profit of $24.8 million, or 31.7% of sales, for the first quarter last year. Net income for the first quarter of fiscal 2010 was $12.6 million, or $0.21 per diluted share, compared with $2.3 million, or $0.05 per diluted share, for the first quarter of fiscal 2009. Net income included a non-cash, fair-value adjustment to the contingent considera

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• AmmoLand Shooting Sports News

Just when you thought the news about the Obama administration couldn’t get any worse, gun owners find themselves needing to rally the troops once again. This time it’s the proposed “Regulatory Czar” who will be coming to a vote this week in the U.S. Senate. His name is Cass Sunstein, and he holds some of the kookiest views you will ever hear....

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• NY Times

Now the buyers are running out of time and money. Paid $5.4 billion and an additional $890 million set aside for apartment renovations, landscaping and interest payments. Rents are down 25 percent from their peak.

Real estate analysts say that the partnership’s money will run out as soon as December and that the owners are at “high risk” of default on $4.4 billion in loans.

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