10
Reasons Why We Need a New (Cold?) War ---
http://www.informationclearinghouse.info/article20695.htm
Must Read - This was
fun. - mpg -- A quote...."05/09/08 "ICH" -- - 1. Russia is too
damned uppity. After Georgian “peace-keepers” turned their guns
on genuine Russian peace-keepers in South Ossetia, after Georgia bombed
and killed 1500 South Ossetians, Russia had the nerve to
counter-attack!"
========== ========== ========== ========== ========== ==========
========== ====
Surge
Protectors: Obama Embraces Bush-McCain Spin on Iraq ---
http://www.chris-floyd.com/content/view/1599/135/
Special Note - A
quote...."Barack Obama has now declared -- on Fox News, no less -- that
George W. Bush's escalation of the flagrant war crime in Iraq has
"succeeded beyond our wildest dreams." He also proclaimed his
"absolute" belief in the "War on Terror," and pledged, once again,
"never to take a military option off the table" (not even the nuclear
option) against the "major threat" of Iran."
========== ========== ========== ========== ========== ==========
========== ====
Obama
to Bill-O:The Surge “Succeeded Beyond Our Wildest Dreams”
---
http://willyloman.wordpress.com/2008/09/05/obamathe-surge-succeeded-beyond-our-wildest-dreams/
A quote...."Remember how we all stated and argued that “The Surge”
wasn’t a success like Cheney and Bush and Bill-O all said? Remember how
we took pains to research and expose the doctored numbers and changed
requirements that the Bush Administration used to prove ”The Surge”
worked? Remember that part of the “Anbar Awakening” stategy was
to hand over Anbar (and monthly paychecks) to the same Sunni
Militia forces that had been killing American soldiers - then turn a
blind eye as they started the ethnic cleansing of the Shites out of the
area?"
========== ========== ========== ========== ========== ==========
========== ====
Iraq govt
reacts sharply to US spying allegations ---
http://wiredispatch.com/news/?id=331869
A quote...."The Iraqi government reacted sharply Friday to published
allegations that the U.S. spied on Iraq's prime minister, warning that
future ties with the United States could be in jeopardy if the report
were true."
========== ========== ========== ========== ========== ==========
========== ====
U.S.
military detains two Iraqi journalists [Again!] ---
http://edition.cnn.com/2008/WORLD/meast/09/04/iraq.journalists.detained/
A quote...."BAGHDAD, Iraq (CNN) -- Two Iraqi cameramen remain in U.S.
military custody amid a media watchdog group's warning of "an upsurge"
in the arrest of journalists working in Iraq. The U.S. military said
Thursday both men, picked up in separate raids this week, were a
"threat" to security in Iraq." --
For
more on this issue see....US
- Killing the Messenger ---
http://www.reficultnias.org/mikesfiles/weblists/uskillingthemessenger-weblist-mpg-112907
========== ========== ========== ========== ========== ==========
========== ====
Inside Iraq
- Who controls Khanaqin? - 05 Sep 08 - Part 1 ---
http://www.youtube.com/watch?v=fRGYIg4H5as --- (YouTube -
13m
07s - Sept 05, 2008)
Inside Iraq
- Who controls Khanaqin? - 05 Sep 08 - Part 2 ---
http://www.youtube.com/watch?v=0hPZkbxZHXo --- (YouTube -
9m 52s - Sept 05, 2008)
Videos - A quote...."A
new flashpoint is brewing between Baghdad and the Kurdistan Regional
Government (KRG), over the city of Khanaqin, in northern Iraq's Diyala
province."
========== ========== ========== ========== ========== ==========
========== ====
Ahmad Chalabi
survives assassination attempt ---
http://www.uruknet.de/?p=m47000&s1=h1
A quote...."Chalabi, who has survived at least three previous attempts
on his life, was returning to his home in the west Baghdad district of
Mansour when the bomber in a sports utility vehicle struck, spokesman
Iyad Kadhim Sabti said. At least 17 people were wounded, including nine
of Chalabi's guards, police said."
========== ========== ========== ========== ========== ==========
========== ====
AP IMPACT:
Dozens of interviews show Afghans fed up with US and their own
government --- http://wiredispatch.com/news/?id=331772
A quote...."The bearded, turbaned men gather beneath a large, leafy
tree in rural eastern Nangarhar province. When Malik Mohammed speaks on
their behalf, his voice is soft but his words are harsh. Mohammed makes
it clear that the tribal chiefs have lost all faith in both their own
government and the foreign soldiers in their country."
========== ========== ========== ========== ========== ==========
========== ====
German
Defense Minister Slams US Ground Strike in Pakistan ---
http://www.dw-world.de/dw/article/0,2144,3622079,00.html
A quote...."During a visit to Pakistan Friday, German Defense Minister
Jung slammed US ground strikes in the country that killed civilians but
said Islamabad needed to do more to curb militants operating near the
Afghanistan border."
========== ========== ========== ========== ========== ==========
========== ====
Pakistan cuts
supply lines to NATO troops in Afghanistan ---
http://www.iraq-war.ru/article/174430
A quote...."In a move seen as the latest fallout from Wednesday
morning’s US attack on South Waziristan, the Pakistani government has
ordered that supply lines to NATO troops in Afghanistan be immediately
severed for an indefinite period of time. - The move comes as thousands
of protesters marched through South Waziristan’s capital of Wana
chanting “death to America”.
========== ========== ========== ========== ========== ==========
========== ====
Qatar
warns against attacking Iran ---
http://www.presstv.com/detail.aspx?id=68479§ionid=351020205
A quote...."The emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, has
warned that Doha will not allow any country to turn the Persian Gulf
into a war zone."
========== ========== ========== ========== ========== ==========
========== ====
World
can't stand consequence of Iran war' ---
http://www.presstv.com/detail.aspx?id=68395§ionid=351020104
A quote...."French president says Iran is entitled to use nuclear
energy, calling on Syria to play a role in solving Tehran's nuclear
dispute. "
========== ========== ========== ========== ========== ==========
========== ====
Iran, Russia agree
on intelligence sharing ---
http://www.mathaba.net/rss/?x=605195
A quote...."Iran`s Minister of Information, Gholam-Hossein Mohseni
Ejeie, on Friday met new head of Russian Federal Security Service,
Alexander Bortnikov. - The two sides in the meeting discussed mutual
extensive cooperation for information and intelligence sharing, Iran's
Embassy to Russia said on Friday."
========== ========== ========== ========== ========== ==========
========== ====
Russia
plans to sell $6.1 bln worth of weaponry in 2008 ---
http://en.rian.ru/russia/20080905/116580478.html
A quote...."GELENDZHIK (South Russia), September 5 (RIA Novosti) -
Russian arms exports may reach at least $6.1 billion by the end of
2008, a senior official at Rosoboronexport, Russia's largest state arms
exporter, said on Friday."
========== ========== ========== ========== ========== ==========
========== ====
BP's
Russian defeat a market victory ---
http://www.atimes.com/atimes/Central_Asia/JI06Ag01.html
A quote...."MOSCOW - If anyone needed convincing, the paper that BP,
formerly known as British Petroleum, signed on Thursday with Mikhail
Fridman and his Russian shareholding partners proves that defying the
law of gravity is unlikely to succeed for long; even if the world's
weakest prime minister, Gordon Brown, and his disloyal foreign
minister, David Miliband, have tried to stake their short-term
political careers on it; and even if the Financial Times of London has
tried to make the inevitable fall appear to be a masterly exercise in
BP negotiating skill."
========== ========== ========== ========== ========== ==========
========== ====
Coexistence
with Occupation Not an Option ---
http://electronicintifada.net/v2/article9811.shtml
A quote...."Palestinians have been historically outmaneuvered,
politically neutralized, and made totally dependent on international
handouts. Or have they? A newly released Palestinian strategy document
which outlines strategic political options gives witness to a renewed
breath of fresh air in the Palestinians’ struggle for freedom and
independence." - -
Also posted at
PC
---
http://www.palestinechronicle.com/view_article_details.php?id=14136
========== ========== ========== ========== ========== ==========
========== ====
India
vows to avoid new arms race as talks resume ---
http://ap.google.com/article/ALeqM5jfsmyTI61jxHn8eL4VMUO9w_mu_wD930H7100
A quote...."VIENNA, Austria (AP) — India pledged Friday not to engage
in a new arms race as talks continued in Vienna over whether to let the
United States sell India nuclear material and technology for civilian
use. - It remained unclear whether the U.S. would win its push to get a
waiver on a nuclear trade ban. - More than a dozen nations have balked
at the deal, pointing out that India has conducted atomic test blasts
and has refused to sign the Nuclear Nonproliferation Treaty."
========== ========== ========== ========== ========== ==========
========== ====
The
Indian Left and the Indo-US Nuclear Deal ---
http://www.counterpunch.org/prashad09032008.html
A quote...."In the 2004 general election, the Indian electorate denied
the intransigent right-wing power over the State. The Bharatiya Janata
Party (BJP)-led National Democratic Alliance lost out to the
Congress-led United Progressive Alliance, although the latter were also
short of a majority in the 545 seat lower house of Parliament."
========== ========== ========== ========== ========== ==========
========== ====
Britain:
Alistair Darling and the implosion of the Labour government
--- http://wsws.org/articles/2008/sep2008/darl-s06.shtml
A quote...."The August 30 Guardian interview with Britain’s Chancellor
Alistair Darling was extraordinary in many respects. In the first place
there can be few occasions that so dramatically reveal the sense of
profound crisis within ruling circles in Britain."
========== ========== ========== ========== ========== ==========
========== ====
Twin Cities Police Thug-O-Thon -
3 articles - Friday - [ Day 6 ] =========
========== =======
America, Wake-Up!
Your govmnt. is crucifying your children, family and friends: Applying
the Patriot Act in the USA ---
http://www.chycho.com/?q=node/1822
Contains Videos -- A
quote...."Prosecutors charge 8 alleged leaders of RNC WC with
Conspiracy to Riot in Furtherance of Terrorism: “In what appears to be
the first use of criminal charges under the 2002 Minnesota version of
the Federal Patriot Act, Ramsey County Prosecutors have formally
charged 8 alleged leaders of the RNC Welcoming Committee with
Conspiracy to Riot in Furtherance of Terrorism. Monica Bicking, Eryn
Trimmer, Luce Guillen Givins, Erik Oseland, Nathanael Secor, Robert
Czernik, Garrett Fitzgerald, and Max Spector, face up to 7 1/2 years in
prison under the terrorism enhancement charge which allows for a 50%
increase in the maximum penalty."
========== ========== ========== ========== ========== ==========
========== ====
RNC:
Media Intimidation Condemned ---
http://us.oneworld.net/article/357286-rnc-media-intimidation-condemned
A quote...."MINNEAPOLIS, Sep 4 (OneWorld) - Police and local and
federal officials in St. Paul, Minnesota are under fire from
independent media groups for their crackdown on reporters at this
week's Republican National Convention."
Also posted at CommonDreams
--- http://www.commondreams.org/headline/2008/09/05-2
========== ========== ========== ========== ========== ==========
========== ====
Convention
Police Bust the Press ---
http://www.consortiumnews.com/2008/090508a.html
A quote....A quote...."Chronicling his life as a journalist in the
colonial British Raj, a young Winston Churchill wrote that “nothing in
life is so exhilarating as to be shot at without result.” Nor, I’d add,
is there anything in life quite so discombobulating as to turn a corner
and unexpectedly walk into a wall of tear gas."
========== ========== ========== ========== ========== ==========
========== ====
End - Twin Cities Police
Thug-O-Thon - 3 articles - Friday - [ Day 6 ] =========
========== ====
The
Lone Assassins? ---
http://www.informationclearinghouse.info/article20694.htm
A quote...." 05/09/08 "ICH" -- - Do you remember the scene from the
movie “the Godfather” where Al Pacino was attending a church
ceremonial, while at the same time many of his enemies were getting
assassinated by his henchmen."
========== ========== ========== ========== ========== ==========
========== ====
WTC
7 Collapsed at the Same Speed as Known Controlled Demolitions
---
http://georgewashington2.blogspot.com/2008/09/wtc-7-collapsed-at-same-speed-as-known.html
Contains Video - A
quote...."Here is a video of the demolition of the Landmark Tower, Fort
Worth, Texas:"
========== ========== ========== ========== ========== ==========
========== ====
Witness
To WTC Explosions On 9/11 Kills Himself ---
http://infowars.net/articles/September2008/050908Witness.htm
A quote...."A janitor who worked in one of the World Trade Center
towers and helped save lives on 9/11, in addition to witnessing what he
described as "explosions" in the tower basement, has committed suicide."
For more regarding the three
articles shown above see....9/11
the Sequel - Return of the
Jihadi - 08-23-08 - mpg
---
http://www.reficultnias.org/mikesfiles/blotterminiblogs/911thesequel-returnofthejahadi-mpg-blog-082308
========== ========== ========== ========== ========== ==========
========== ====
Ichabod!
--- http://www.lewrockwell.com/vance/vance148.html
A quote...."It’s done, it’s over, it’s official: The Republican Party
nominated John McCain to be its 2008 presidential candidate.
Conversely, and more importantly, this means that the Republican Party
failed to nominate Ron Paul to be its 2008 presidential candidate."
Also posted at ICH
--- http://www.informationclearinghouse.info/article20692.htm
========== ========== ========== ========== ========== ==========
========== ====
Secret
Service confiscates books & buttons from Ron Paul delegates -
Updated
---
http://www.opednews.com/maxwrite/linkframe.php?linkid=68141
Special Note - A
quote...."Today at the Republican National Convention, as the Ron Paul
Delegates were taking a picture in front of the model White House
inside the Convention Center, they were surrounded by Secret Service
which proceeded to search the bags of all the delegates. They took any
and everything related to Ron Paul including signs, buttons, videos,
slim jims, cards, even books."
========== ========== ========== ========== ========== ==========
========== ====
Ron
Paul supporters' magical disappearing act ---
http://latimesblogs.latimes.com/washington/2008/09/ron-paul-suppor.html
Special Note - A
quote...."Ron Paul, the Texas congressman who unsuccessfully sought the
Republican nomination for president, has been said to resemble Gandalf,
the magician from the movie version of "The Lord of the Rings." --
Republican officials seemed to make Paul's supporters magically
disappear during Wednesday night's roll call vote, in which the GOP
convention officially nominated John McCain as the party's presidential
candidate."
========== ========== ========== ========== ========== ==========
========== ====
Oklahomans'
votes silenced at convention ---
http://newsok.com/article/3293264/?print=1
Related Article - A quote...."ST. PAUL, Minn. — U.S. Rep. Ron Paul
received two votes from Oklahoma during Wednesday's Republican National
Convention roll call, but no one heard it. The microphone was cut off
after U.S. Sen. Jim Inhofe, R-Tulsa, announced the 39 delegate votes
for U.S. Sen. John McCain, but before he could announce the two votes
for Paul."
========== ========== ========== ========== ========== ==========
========== ====
Riz Khan -
Ron Paul's revolution - 3 Sep 08 ---
http://www.youtube.com/watch?v=76se34N1K28 --- (YouTube -
10 min 16 sec -
Added: Sept. 04, 2008)
Video - A quote...."Ron
Paul, the US Republican congressman for Texas and former presidential
candidate, talks to Al Jazeera's Riz Khan about why the US needs a
"third way" in its political system, foreign policy, and how the web is
revolutionising politics."
========== ========== ========== ========== ========== ==========
========== ====
The
unsettling issue of John McCain's emotional instability
--- http://www.smirkingchimp.com/thread/16972
A quote...."Most Americans are unaware that John McCain is infamous on
Capitol Hill for repeated displays of volatile temper, often laced with
language so foul that his "values-oriented" backers would be shocked to
see how wildly vulgar their man can get."
========== ========== ========== ========== ========== ==========
========== ====
NY
Times confirms US involvement in Nuclear Black Market
--- http://www.911truth.org/article.php?story=20080905192113174
A quote...."The involvement of domestic US agencies in the decision to
destroy evidence in the Tinner case in Switzerland proves that there is
a domestic US component to the nuclear black market. Five years after
the public exposure of the AQ Khan network, the US government still
refuses to bring indictments against a number of criminal US
participants." --
For more on this
issue see....US
- Nukes for Everyone
---
http://www.reficultnias.org/mikesfiles/weblists/nukesforeveryone-weblist-mpg-010608#TINNER
========== ========== ========== ========== ========== ==========
========== ====
Mexico
drug plane used for US 'rendition' flights: report ---
http://news.yahoo.com/s/afp/20080904/wl_afp/mexicouscrimedrugs
Special Note - A
quote...."MEXICO CITY (AFP) - A private jet that crash-landed almost
one year ago in eastern Mexico carrying 3.3 tons of cocaine had
previously been used for CIA "rendition" flights, a newspaper report
said here Thursday, citing documents from the United States and the
European Parliament."
========== ========== ========== ========== ========== ==========
========== ====
History
Commons Projects, [Iran-Contra Timeline] Update on September 4, 2008
--- http://www.911truth.org/article.php?story=20080904142224773
A quote...."One of the most active projects this week is the
newly-established Iran-Contra Timeline, where there is more about
kidnappings by Iranian-backed terrorists, missile shipments to Iran,
and money movements to the Contras. You can also find out about CIA
Director William Casey’s illness, attorney general Ed Meese’s
investigatory prowess, and Ronald Reagan’s coherence."
========== ========== ========== ========== ========== ==========
========== ====
Is
Google Turning Into Big Brother? ---
http://www.roguegovernment.com/news.php?id=11764
A quote...."While we're transfixed by the presidential election, in the
world of high tech another duel between two well-funded,
take-no-quarter candidates has just emerged & and in the long run
the impact on our daily lives may be nearly as great -- and perhaps
even sinister."
========== ========== ========== ========== ========== ==========
========== ====
Abramoff
sentenced to 4 years in prison ---
http://www.opednews.com/maxwrite/linkframe.php?linkid=68186
A quote...."WASHINGTON — Jack Abramoff, the former super lobbyist who
wined and dined the Republican political elite, was sentenced to four
years in prison Thursday for his role in an influence-peddling scheme
that ushered in sweeping lobbying reforms in Washington."
========== ========== ========== ========== ========== ==========
========== ====
The US Neocon's New Proxy War in
Georgia - 9 articles - Friday - [ Day 29 ] =====
==========
Russia’s
Monroe Doctrine and the end of Pax Americana
---
http://watchingamerica.com/News/5066/the-end-of-russia%e2%80%99s-monroe-doctrine-and-pax-americana/
Must Read - A
quote...."August 21st, 2008 -- In the recent Georgia dispute,
Washington fully supported
President Saakashvili’s attempted “forced recovery” of South Ossetia
since this was within the framework of U.S. “peace enforcement.” On the
contrary, Moscow’s military response was deemed, in Bush’s words, “out
of proportion,” shattering for the first time, America’s monopoly of
power in war. Hence the Western media argues that this incident is of
as much significance as the fall of the Berlin Wall."
========== ========== ========== ========== ========== ==========
========== ====
Window on Eurasia: Moscow
Wins a Major Victory on Pipelines ---
http://www.uruknet.de/?p=m46997&s1=h1
Must Read - A
quote...."20:36 | 05/ 09/ 2008Vienna, September 5 – With Iran’s
declaration that it opposes the construction of any undersea pipelines
in the Caspian on "ecological grounds" and thus will block any
delimitation of the seabed that allows for them and Baku’s decision not
to back the West’s push NABUCCO project, Moscow can claim its first
major political victory from its invasion of Georgia." --
Editors note:
The PKK is not controlled by Iran,
they
are a US ally. - mpg
========== ========== ========== ========== ========== ==========
========== ====
CSTO
condemns Georgia's actions in S.Ossetia, backs Russia
--- http://en.rian.ru/russia/20080905/116583797.html
A quote...."MOSCOW, September 5 (RIA Novosti) - Leaders of a
post-Soviet regional security bloc have censured Georgia over its
actions in South Ossetia and backed Moscow, the Russian president said
Friday."
========== ========== ========== ========== ========== ==========
========== ====
China
still on-side with Russia ---
http://www.atimes.com/atimes/China/JI06Ad01.html
A quote...."Sep 6, 2008 -- Sino-Russian relations have been under
intense scrutiny lately because of the Georgian-Russian conflict over
the breakaway Georgian region of South Ossetia. For many in the West,
China's cautious "neutrality" is a departure from, if not a betrayal
of, its strategic partnership with Russia."
========== ========== ========== ========== ========== ==========
========== ====
Cool
reception for Cheney in Azerbaijan. Neither President or PM meet him
in. He spurns gala dinner reception
---
http://morris108.wordpress.com/2008/09/05/cool-reception-for-cheney-in-azerbaijan/
Special Note - Full
quote...."September 5, 2008 -- Azerbaijan has currently lost all oil
income except for what it can transport through Iran. It would take a
very short pipeline to connect the two countries. (Azeri oil is being
shipped across the Caspian sea to Iran now). -- And the Azeris have
seen an unnecesary war. That BP has just settled its conflict with
Russia might also be a factor in Azeri independence from the Neocons.
BP is the biggest player in Azerbaijan, (as well as the BTC pipeline).
-- Cheney used to be on the board of the US Azerbaijan chamber of
Commerce -- Georgia was a geopolitical tectonic shift at least from
Turkey to Pakistan. The Neocons no doubt don’t know it."
========== ========== ========== ========== ========== ==========
========== ====
US
military trained Georgian commandos ---
http://www.ft.com/cms/s/0/bdffd9a6-7b71-11dd-b839-000077b07658.html?nclick_check=1
A quote...."Published: September 5, 2008 18:49 | Last updated:
September
5 2008 18:49 -- The US military provided combat training to 80 Georgian
special forces commandos only months prior to Georgia’s army assault in
South Ossetia in August. -- The revelation, based on recruitment
documents and interviews with US military trainers obtained by the
Financial Times, could add fuel to accusations by Vladimir Putin,
Russian prime minister, last month that the US had “orchestrated” the
war in the Georgian enclave."
========== ========== ========== ========== ========== ==========
========== ====
EU wants
truth about war in South Ossetia ---
http://www.russiatoday.com/news/news/29988
A quote...."September 6, 2008, 9:03 -- Foreign ministers of the
European Union have called for an
independent investigation to establish who was to blame for the war in
South Ossetia. They also plan to discuss the EU mission in the region
as 700 observers prepare to go there."
========== ========== ========== ========== ========== ==========
========== ====
Living
in a Lying Nation ---
http://inoodle.com/2008/09/living-in-lying-nation.html
A quote...."Monday, September 01, 2008 -- If one were to rely on the
mainstream propaganda machine
anywhere in the West, this statement would perhaps make sense. But
when, instead, one actively seeks out news from beyond the mind-bending
media machine, Cameron’s lie—like those told by the West’s other
leading liars—is criminal in its assertion that Russia was the
aggressor. A lie because despite it being known by all concerned, and
by NATO leaders in particular, that Russia was responding to Georgia’s
assault on South Ossetia...."
========== ========== ========== ========== ========== ==========
========== ====
Russian
units raid Georgian airfields for use in Israeli strike against Iran –
report --- http://www.debka.com/headline.php?hid=5559
-
Alt
---
http://www.reficultnias.org/mikesfiles/cachedfiles/russianunitsraidgeorgianairfield-debka-090508
A quote...."September 5, 2008, 12:58 PM (GMT+02:00) -- The raids were
disclosed by UPI chief editor Arnaud de Borchgrave, who is also on the
Washington Times staff, and picked up by the Iranian Fars news agency.
The Russian raids of two Georgian airfields, which Tbilisi had allowed
Israel to use for a potential strike against Iran’s nuclear facilities,
followed the Georgian offensive against South Ossetia on Aug. 7."
End - The US Neocon's New Proxy
War in
Georgia - 9 articles - Friday - [ Day 29 ] =====
==========
========== ========== ========== ========== ========== ==========
========== ====
America's
Mortgage Crisis: Bailout or "Nationalization" of the Mortgage Giants?
---
http://www.globalresearch.ca/index.php?context=va&aid=10082
A quote...."Fannie Mae and Freddie Mac own or guarantee nearly half the
$12 trillion U.S. mortgage market. Not long ago, they were the darlings
of Wall Street, ranking next to U.S. bonds as among the safest and most
conservative investments in the world. They are called
“government-sponsored enterprises” (GSEs), although they are entirely
privately owned and specifically disclaim government backing on their
prospectuses. The market has taken these disclaimers with a wink and a
nod and has assumed that the GSEs are “too big to fail,” forcing the
government to save them from their reckless investment schemes."
========== ========== ========== ========== ========== ==========
========== ====
U.S.
Rescue Seen at Hand for 2 Mortgage Giants ---
http://www.nytimes.com/2008/09/06/business/06fannie.html?_r=1&oref=slogin
A quote...."WASHINGTON — Senior officials from the Bush administration
and the Federal Reserve on Friday called in top executives of Fannie
Mae and Freddie Mac, the mortgage finance giants, and told them that
the government was preparing to place the two companies under federal
control, officials and company executives briefed on the discussions
said."
========== ========== ========== ========== ========== ==========
========== ====
U.S.
Mortgage Foreclosures, Delinquencies Reach Highs (Update3) --
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMA9irftpUpI&refer=home
Special Note - A
quote...." Sept. 5 (Bloomberg) -- Foreclosures accelerated to the
fastest pace in almost three decades during the second quarter as
interest rates increased and home values fell, prompting more Americans
to walk away from homes they couldn't refinance or sell. -- New
foreclosures increased to 1.19 percent, rising above 1 percent for the
first time in the survey's 29 years, the Mortgage Bankers Association
said in a report today. The total inventory of homes in foreclosure
reached 2.75 percent, almost tripling since the five-year housing boom
ended in 2005.
========== ========== ========== ========== ========== ==========
========== ====
Main
Bank of China Is in Need of Capital ---
http://www.nytimes.com/2008/09/05/business/worldbusiness/05yuan.html?partner=rssnyt&emc=rss
Special Note - A
quote...."HONG KONG — China’s central bank is in a bind. It has
been on a buying binge in the United States over the last seven years,
snapping up roughly $1 trillion worth of Treasury bonds
and mortgage-backed debt issued by Fannie
Mae and Freddie Mac." -- bold by webiste editor -
For more on
this issue see....Debt
Doesn't Matter When the Rubes Pay 02-29-08 - mpg
---
http://www.reficultnias.org/mikesfiles/blotterminiblogs/debtdoesntmatter-blog-mpg-022908
Nevada
State Bank Acquires the Insured Deposits of Silver State Bank,
Henderson, Nevada ---
http://www.fdic.gov/news/news/press/2008/pr08077.html
A quote...."Silver State Bank, Henderson, Nevada, was closed today by
the Nevada Financial Institutions Division, and the Federal Deposit
Insurance Corporation (FDIC) was named Receiver. To protect the
depositors, the FDIC entered into a Purchase and Assumption Agreement
with Nevada State Bank, Las Vegas, Nevada, to assume the Insured
Deposits of Silver State Bank."
========== ========== ========== ========== ========== ==========
========== ====
Silver
State Bancorp Announces Director Resignation ---
http://www.reuters.com/article/pressRelease/idUS51176+26-Jul-2008+BW20080726
A quote...."Silver State Bancorp (NASDAQ:SSBX), the holding company for
Silver State Bank, announced today that Andrew K. McCain [
you know who's son he is? Let's give you a
hint,
a former member of the "(Ch)eating Five", maybe it runs in the
family?] submitted his resignation today as a director on the
Boards of Directors of Silver State Bancorp and Silver State Bank,
citing personal reasons.
========== ========== ========== ========== ========== ==========
========== ====
U.S.
Economy: Payrolls Drop, Unemployment at 6.1% (Update2) --
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEog6yCtmRXQ&refer=home
A quote...."Sept. 5 (Bloomberg) -- The U.S. lost more jobs than
forecast in August and the unemployment rate climbed to a five-year
high of 6.1 percent, a sign that the economic slowdown is worsening two
months before Americans elect their next president."
========== ========== ========== ========== ========== ==========
========== ====
Newspaper
sales fall record $3B in 6 mos. ---
http://newsosaur.blogspot.com/2008/09/newspaper-sales-fall-record-3b-in-6-mos.html
A quote...."Total newspaper advertising revenues fell by $3 billion in
the first six months of this year to $18.8 billion, the lowest level in
a dozen years, according to data published today by the Newspaper
Association of America."
========== ========== ========== ========== ========== ==========
========== ====
Gustav
Impact On Louisiana And Haiti ---
http://www.countercurrents.org/quigley050908.htm
A quote...."Hurricane Gustav killed 18 people in Louisiana and
displaced 1.9 million. Over 800,000 homes are without electricity,
nearly half the state, and some will not see power for up to a month."
========== ========== ========== ========== ========== ==========
========== ====
US
2nd-quarter business productivity revised up ---
http://www.reuters.com/article/economicNews/idUSN0328900720080904
A quote...."Productivity surged at a revised annual rate of 4.3
percent, much stronger than the 3.5 percent rate that economists polled
by Reuters had forecast." --
Editor's caution: these figures could be
highly misleading since "productivity measures output per hour. Output,
or the value of finished goods
and services, is adjusted for price changes" -- but not as far this
editor can tell, for inflation. Even if it is adjusted for
inflation, assuming that's what they mean by "price changes", they'd be
using the Fed's inflation figures in any adjustments....'nuff said.
-
mpg
========== ========== ========== ========== ========== ==========
========== ====
'The
Worst Economic Downturn [In Britian] In 60 Years' ---
http://www.lewrockwell.com/north/north651.html
A quote...."So said the Chancellor of the Exchequer, the senior
economic official in Great Britain. The story ran on August 30."
========== ========== ========== ========== ========== ==========
========== ====
Retail
fish prices soar by nearly 23% in United Kingdom ---
http://www4.mercopress.com/vernoticia.do?id=14462&formato=HTML
A quote...."United Kingdom prices have risen by 8.3%t since the
beginning of the year amid fears that Britain is facing the worst
economic conditions in decades, a report said Friday."