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Date Sent: 2008-07-12
Freedom's Phoenix Headline News for Saturday, July 12, 2008
 
Bank Failure: IndyMac financial troubles -- MISH: Fannie and Freddie Waterfalls Are Too Big to Bail

Recession: With War or Without It? - by Gary North -- Your Life Not Worth As Much, Says Gov't -- A Hint of New Life to a McCain Birth Issue -- McCain was still married to his wife when he got married to his mistress -- Federal Judge Ruling: George W. Bush is a Felon -- Your Skin Produces Marijuana -- Halliburton Charged with Selling Nuclear Technologies to Iran -- McCain asked about PNAC and 9/11 at town hall - VIDEO -- Oil futures hit record high of $147.27 a barrel -- FTSE 100 closes in jaws of a bear market as US slide continues -- McCain's Nomination Uncertain? - by Stephen Lendman
 
Recession: With War or Without It?<br>by Gary North News Link  •  Economy - Economics USA
 Recession: With War or Without It?
by Gary North
7-11-2008  •  LewRockwell 
The housing bubble has popped. This is going to take the price of housing in the United States lower than it is today. I think 20% lower is a conservative figure. The commodity bubble is still in full force. It is a worldwide bubble. The price of ene  Read Full Story
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Reported by: Powell Gammill
Privacy's Twilight: The Rise Of The Total Surveillance Society News Link  •  Privacy Rights
 Privacy's Twilight: The Rise Of The Total Surveillance Society
7-11-2008  •  Reality Catcher 
We may be the last generation that will have ever known privacy. Every day, we are one step closer to the Total Surveillance Society. Every day, we lose a little more of that part of being human that claims the right to be left alone, that knows f  Read Full Story
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Reported by: Powell Gammill
Public comment extended for national parks gun rule change News Link  •  Gun Rights
 Public comment extended for national parks gun rule change
7-11-2008  •  Citizen Times 
To let more antigunners organize to submit comments. The period for public comment on a controversial rule change that would allow loaded guns in national parks has been extended to August 8 after pressure from congressional leaders.  Read Full Story
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Reported by: Powell Gammill
Kucinich to Present Impeachment Case to House Judiciary Committee News Link  •  Politics: Democratic Campaigns
 Kucinich to Present Impeachment Case to House Judiciary Committee
7-11-2008  •  CQPolitics 
Democratic leaders have agreed to give Rep. Dennis J. Kucinich a day before the House Judiciary Committee to make his case that President Bush ought to be impeached for allegedly lying to Congress in order to get approval to invade Iraq.  Read Full Story
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Reported by: Powell Gammill
Your Life Not Worth As Much, Says Gov't Agency News Link  •  Domestic Policy
 Your Life Not Worth As Much, Says Gov't Agency
7-11-2008  •  AP 
It's not just the American dollar that's losing value. A government agency has decided that an American life isn't worth what it used to be. The "value of a statistical life" is $6.9 million in today's dollars, the Environme  Read Full Story
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Reported by: Powell Gammill
Fannie, Freddie, Fascist<br>by Llewellyn H. Rockwell, Jr. News Link  •  Economy - Economics USA
 Fannie, Freddie, Fascist
by Llewellyn H. Rockwell, Jr.
7-11-2008  •  LewRockwell 
Ludwig von Mises had a theory about interventionism. It doesn't accomplish its stated ends. Instead it distorts the market. That distortion cries out for a fix. The fix can consist in pulling back and freeing the market or taking further steps to  Read Full Story
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Reported by: Powell Gammill
A Hint of New Life to a McCain Birth Issue News Link  •  Eugenics
A Hint of New Life to a McCain Birth Issue
7-11-2008  •  NY Times 
In the most detailed examination yet of Senator John McCain’s eligibility to be president, a law professor at the University of Arizona has concluded that McCain’s birth is not enough to satisfy the constitutional requirement the president must be a  Read Full Story
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Reported by: Powell Gammill
McCain was still married to his wife when he got married to his mistress News Link  •  Eugenics
McCain was still married to his wife when he got married to his mistress
7-11-08  •  Americablog.com 
McCain obtained an Arizona marriage license on March 6, 1980, while still legally married to his first wife. Oops!  Read Full Story
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Reported by:
Bank Failure: IndyMac as financial troubles spread News Link  •  Economy - Economics USA
 Bank Failure: IndyMac as financial troubles spread
7-11-2008  •  Reuters 
U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history. California-based IndyMac, which specialized in a type  Read Full Story
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Reported by: Powell Gammill
Federal Judge Ruling: George W. Bush is a Felon News Link  •  Bush Administration
 Federal Judge Ruling: George W. Bush is a Felon
7-11-2008  •  The Existentialist Cowboy 
The Chief Judge of the US District Court in California has ruled that President Bush is a felon. The ruling stems from the case of Al-Harmain Islamic Foundation Inc. v Bush, a case which will now be remembered as making it official that Bush's pr  Read Full Story
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Reported by: Powell Gammill
Halliburton Charged with Selling Nuclear Technologies to Iran, News Link  •  Corruption
 Halliburton Charged with Selling Nuclear Technologies to Iran,
07/04/2008  •  Global Research; Author: Jason Leopold 
Top 25 Censored Stories for 2007: Sources at former Cheney company Halliburton allege that, as recently as January of 2005, Halliburton sold key components for a nuclear reactor to an Iranian oil development company.  Read Full Story
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Reported by: Bruce Barton
China takes dog off the menu, but only for the Olympics News Link  •  Weird/Offbeat News
 China takes dog off the menu, but only for the Olympics
07/11/2008  •  Reuters 
BEIJING (Reuters) - Beijing has asked hotels and restaurants in the city to take dog meat off the menu for the duration of next month's Olympics and September's Paralympics. Dog is eaten not only by the large Korean community in China's  Read Full Story
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Reported by: Bruce Barton
Earthquake Destroyed China's Largest Military Armory, Says Source News Link  •  World News
 Earthquake Destroyed China's Largest Military Armory, Says Source
07/09/2008  •  By Zhang Haishan 
What came first: The nuclear accident or the earthquake? A high-level Chinese military source secretly disclosed last week that the recent earthquake in Sichuan Province caused a chain-reaction of explosions in the Sichuan mountain areas. The explo  Read Full Story
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Reported by: Bruce Barton
Your Skin Produces Marijuana THC-Like Substance News Link  •  Drug War
 Your Skin Produces Marijuana THC-Like Substance
7-11-2008  •  LiveScience 
We've got pot growing out of our skin? Essentially, yes. The skin has joined the growing club of organs that is known to produce "endocannabinoids" �" the body's own reefer. The biggest producer of endogenous pot is the brain. [buste  Read Full Story
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Reported by: Powell Gammill
RON PAUL 4409 -- Police State 08 -- SHE DID NOTHING :( Reference Link  •  Revolutions, Rebellions & Uprisings
 RON PAUL 4409 -- Police State 08 -- SHE DID NOTHING :(
Youtube 4409 
   The 4409 Phoenix Revolution in Las vegas where Morpheus uncovered cops arresting a woman who did nothing and OWNS NOTHING :( ....Click below the view count to watch this video in HD!
Entered by: Forty Four O Nine
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Market falling, it must be Friday News Link  •  Economy - Economics USA
 Market falling, it must be Friday
7-11-2008  •  AP 
Wall Street sank further Friday, as investors dumped stocks on troubles at mortgage companies Fannie Mae and Freddie Mac and oil's continuing climb into record territory. Dow Jones industrials slid below 11,000 for the first time in 2 years  Read Full Story
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Reported by: Powell Gammill
McCain asked about PNAC and 9/11 at town hall - VIDEO News Link  •  Eugenics
McCain asked about PNAC and 9/11 at town hall - VIDEO
07-11-2008  •  RawStory.com VIDEO 
The questioner began, "I was curious about a document. Back in September of 2000, the Project for a New American Century, or PNAC, whose members included Dick Cheney, Donald Rumsfeld, Jeb Bush and Paul Wolfowitz, wrote a document entitled 'R  Read Full Story
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Reported by: Ernest Hancock
'D8' Nations: Disaster Looming from Soaring Food, Oil Prices News Link  •  Economy - International
 'D8' Nations: Disaster Looming from Soaring Food, Oil Prices
07-11-2008  •  VOA News 
Leaders at a summit of eight developing Islamic nations say the rising costs of food and oil could have dire implications.  Read Full Story
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Reported by: Ernest Hancock
Oil futures hit record high of $147.27 a barrel on Globex News Link  •  Energy
 Oil futures hit record high of $147.27 a barrel on Globex
07-11-2008  •  www.marketwatch.com 
NEW YORK (MarketWatch) -- Crude-oil futures continued their record-breaking run higher this morning, hitting a fresh all-time high of $147.27 a barrel in electronic trading on Globex  Read Full Story
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Reported by: Ernest Hancock
FTSE 100 closes in jaws of a bear market as US slide continues News Link  •  Economy - International
 FTSE 100 closes in jaws of a bear market as US slide continues
07-11-2008  •  www.telegraph.co.uk 
UK stocks sank to their lowest since 2005 as crude oil prices hit fresh highs, sending the FTSE into the jaws of a bear market - which is defined by shares falling by more than 20pc from their recent peak.  Read Full Story
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Reported by: Ernest Hancock
Bernanke, Paulson Urge More Regulatory Powers (Video) News Link  •  Federal Reserve
 Bernanke, Paulson Urge More Regulatory Powers (Video)
07-11-2008  •  YouTube 
Ben Bernanke and Treasury Secretary Henry Paulson told Congress Thursday that new regulatory powers are needed to insulate the national economy from damage if a big Wall Street firm were to fail.  Read Full Story
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Reported by: Ernest Hancock
Fannie, Freddie shares in meltdown on insolvency fears News Link  •  Economy - Economics USA
 Fannie, Freddie shares in meltdown on insolvency fears
07-11-2008  •  www.breitbart.com 
The latest action came amid a new report saying the government could put the finance giants in receivership, which would make their shares worthless.  Read Full Story
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Reported by: Ernest Hancock
Iraq denies IAF using its airspace News Link  •  Iran
 Iraq denies IAF using its airspace
07-11-2008  •  www.jpost.com 
Former military officers in the Anbar province said IAF jets arrive during the night from Jordanian airspace, enter Iraq's airspace and land on a runway near the city of Hadita. The sources estimated the jets were practicing for a raid on Iran'  Read Full Story
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Reported by: Ernest Hancock
CNBC Anchor Stunned by the Fall of Freddie and Fannie News Link  •  Economy - Economics USA
 CNBC Anchor Stunned by the Fall of Freddie and Fannie
7-11-08  •  CalculatedRisk.blogspot.com 
This is a great video clip from Bubble Vision.  Read Full Story
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Reported by:
Fannie and Freddie Waterfalls Are Too Big to Bail News Link  •  Federal Reserve
 Fannie and Freddie Waterfalls Are Too Big to Bail
7-11-08  •  Michael Shedlock / Mish 
Paulson's statement "Institutions Must Be Allowed To Fail" is in reality an implicit admission the Fed is powerless to stop a credit implosion. We have finally reached the point at which the mess is too big to bail  Read Full Story
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Reported by:
An Interpreter Speaks Up for Migrants News Link  •  Immigration
 An Interpreter Speaks Up for Migrants
07/11/2008  •  The New York Times 
Professor Camayd-Freixas has written a 14 page essay stating that the immigrant defendants whose words he translated, did not fully understand the criminal charges they were facing or the rights most of them had waived.   Read Full Story
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Reported by: Mike Renzulli
McCain's Nomination - A Possible September Surprise? Feature Article  •  Politics: Republican Campaigns
 McCain's Nomination - A Possible September Surprise?
Stephen Lendman
   McCain's nomination may or may not be certain.
Make a Comment   •   Email this Article   •   Send Letter to Editor
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