Senate housing bill wins key test vote
• ReutersThe U.S. Senate voted overwhelmingly to proceed on a bill tackling the nation's housing market crisis with a range of tax breaks for corporations and some help for homeowners.
Page Two
Citigroup, Wells Fargo May Loan Less After Downgrades
• BloombergBank holding companies including Citigroup, Bank of America and Wells Fargo have the thinnest safety cushion against losses. May erode further in coming weeks. Falling below a benchmark intended to protect depositors against losses
Fed prints another $50 billion in bailout
• APThe Federal Reserve, still working to combat the effects of a severe credit squeeze, said it had auctioned another $50 billion to cash-strapped banks. The Fed auction marked the ninth in a series that began in December that pumped $310 billion in sho
We have a tiger by the tail - by Gary North
• LewRockwell.comThe government and the FED have worked together to create this crisis. They will work together to cover up the effects of prior policies. This will lead to even greater crises.
U.S. blames Iran, Syria and Hezbollah for violence in Iraq
• Wiredispatch.comThe top two U.S. officials in Iraq accused Iran, Syria and Lebanon's Hezbollah Tuesday of fueling recent fighting in Baghdad, saying Tehran and Damascus were pursuing a "Lebanization strategy" in Iraq.
Credit crisis could cost nearly $1 trillion, IMF predicts
• BloombergThe International Monetary Fund said financial losses stemming from the US mortgage crisis might approach $1 trillion, citing a "collective failure" to predict the breadth of the crisis. Falling US house prices and rising delinquencies may
Volcker Says Fed's Bear Loan Stretches Legal Power
• BloombergFormer Federal Reserve Chairman Paul Volcker questioned the central bank's decision to rescue Bear Stearns Cos. with a $29 billion loan, saying it was at "the very edge'' of its legal authority. [wow]
Greenspan on CNBC: U.S. in recession, need taxpayer bailout
• ReutersFormer Federal Reserve Chairman Alan Greenspan said the U.S. economy was in recession, and said it would be appropriate to tap public funds to resolve the mortgage-related crisis that has helped pull the economy under.
Iran installing 6,000 new centrifuges at Natanz
• news.bbc.co.ukIran is already thought to have some 3,000 centrifuges - which are used to enrich uranium - at its Natanz plant.
Fed: Severe U.S. downturn possible, prices worrying
• ReutersMembers of the U.S. Federal Reserve's policy-setting committee worried at their most recent meeting that housing and financial market stress could trigger a nasty slide in the economy, even as inflation pushed higher.
THE 2008 JEFFERSON MUZZLES: Who were the Best Censors of Last Year?
• Thomas Jefferson CenterToping the seventeenth annual list of the country’s most egregious and ridiculous censors is The Federal Communications Commission (earning only the 2nd "Lifetime" Muzzle ever awarded) for its inconsistent and unpredictable standards for de
GAO: Millions wasted or defrauded on gov't credit cards
• APFederal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say. [What's new?]
Why You Should Nominate Mary Ruwart
Melinda Pillsbury-fosterNever has it been more possible for us to elect a Libertarian President. But only if it is the right candidate.
Secret U.S. plan for military future in Iraq
• Guardian.co.ukA confidential draft agreement covering the future of US forces in Iraq, passed to the Guardian, shows that provision is being made for an open-ended military presence in the country.
Ahmadinejad: U.S. used Sept. 11 as 'pretext' for invasions
• Rawstory.comHe also asked how it was possible that advanced radar and intelligence systems did not detect the planes before they hit the towers of the World Trade Centre in New York.
10 min. TV Interview with Christine Smith (LP Pres. Candidate)
• Paid for by Christine Smith for PresidentSmith interviewed, April 4, 2008, on the Missouri Viewpoints TV program with host Mike Ferguson. (Video courtesy of Missouri Viewpoints.)
Ira Chernus on the Scott Horton Show at Antiwar Radio
Mark Jokel
Ron Paul Not Endorsing Bob Barr,... or anyone else!
Ernest HancockRon Paul is still running for President of the United States, collecting convention delegates and going to the Republican National Convention in September. Why would Dr. Paul endorse a 3rd party candidate that endorses the Flat Tax he opposes?
Remember John McCain?<br>by Dick Morris and Eileen McGann
• TownhallHe's the guy who was running for president before all the national attention shifted to Obama and Clinton. Now, McCain seems to be only an afterthought, at best, or an anachronism, at worst. He has got to get back into the game
Missing Reagan: Bakers Dozen of Ronald Reagan Quotes
• RidesAPaleHorse“The most terrifying words in the English language are: I’m from the government and I’m here to help.’” Do you miss this guy? I know I sure as hell do.
NYC Mayor Loses Big on Traffic Toll Fee Plan
• APUS Transportation Sec. Mary Peters said the administration hoped congestion pricing in New York could serve as a model for other cities nationwide. Charging drivers fees in congested city centers is a concept that has gained popularity around the wor
Case for an "L" Shaped Recession
• Michael Shedlock / MishWhat's not debatable is what will happen if $1 trillion is written off. And that is the other "D" word: "deflation". A $1 trillion debt writeoff can hardly mean anything else. Furthermore, a $1 trillion writeoff will affect a
Vegas: Foreclosures, short sales, bring big drop in prices
• Las Vegas Review Journal.comMore than half of Las Vegas home sales in March were foreclosures or short sales, the president of Greater Las Vegas Association of Realtors said Monday.
Pending Home Sales Hit New Low
• biz.Yahoo.com.apThe National Association of Realtors' seasonally adjusted index of pending sales for existing homes fell to 84.6 from January's upwardly revised reading of 86.2. The index stood at 107.6 in February 2007.
Documents prove FBI eavesdrops on IMs, emails and cell phones
• Rawstory.comDocuments show the FBI has obtained the private records of Americans' Internet service providers, financial institutions and telephone companies, for the military, according to more than 1,000 Pentagon documents....
Paul backers manage to nab delegates
• Star TribuneIn Minnesota and elsewhere, their tactics raised eyebrows, but they're hoping to earn him stage time at the GOP national convention. [good quotes]
Onward the Revolution!<br>by Patrick J. Buchanan
• Human EventsHaving cheerfully confessed he knows little about economics, John McCain is advancing himself as a foreign-policy president, a "realistic idealist." Judging from the content of his speech, McCain is no more a realist than he is reflective
The Emerging Surveillance State - by Ron Paul
• Antiwar.comIn communist East Germany , one in every 100 citizens was an informer for the dreaded secret police, the Stasi. They either volunteered or were compelled by their government to spy...
Now!... as in Not later
Ernest HancockPlain and simple. I can't imagine how you could convince the ultimate judge (the general public) that the “Party of Principle” isn't being fraudulent with this blatant misrepresentation.
Fascist Nation
An apology to <i>Freedom's Phoenix</i> Reporters from the staff
Powell GammillAn sincere apology to those of you who tried to report some news to Freedom's Phoenix for at least the past month and did not see your article posted. We detected a bug this morning in our software ....
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