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AFN Newscope transcript 11-13-08

Posted By admin On 13. November 2008 @ 11:27 In Freedom News | 2 Comments

The American Freedomist Network presents:
Newscope at 10 am
With your host, and paid consultant to forgotten stars of 70s Television, Pauuuuuuuuuuuuuuuuuul Collier

Today on Newscope- The Minnesota recountValerie Jarret, co-chair of the transition team, is investigated, Hank Paulson bails out, world news, financial news.

Following up the angoloa-congo story of yesterday,
Oil discovery in shared Angola-Congo zone
afrol News, 12 October - A new “significant discovery” of oil in the shared deepwater zone between Congo Brazzaville and Angola’s Cabinda exclave was announced today. The deepwater block in the Gulf of Guinea is operated by the oil multinational ChevronTexaco and smaller Angolan and Congolese companies.
ChevronTexaco today announced what the company called “a significant discovery at the Lianzi-1 exploration well in the deepwater area between the republics of Angola and Congo.”
ChevronTexaco, through its affiliate companies, holds a total interest in the discovery of 30.5 percent and Chevron Overseas Congo is the operator of the unit. Other participants in the two blocks include Angola’s Sonangol (10.0 percent), Congo’s SNPC (7.5 percent), Total (35.5 percent), ENI (10.0 percent), GALP Exploracão (4.5 percent) and Energy Africa (2.0 percent).
This connection now makes it apparent why Angola would be so ready to come to Congo’s aid, and how, once again, the use of oil as an incentive, or as a blackmail, is causing worldwide upheavals.

From the BBC
North Korea has made moves contradictory to the seeming cooperation by the South in assisting North Korea’s denial of the fallen Kim Jong Il. ON December 1st, according to North Korean authorities, the North will “cut access to South Korea”, by “closing the border and severing the remaining…phone link between the nations”
President Lee Myung-bak, who made his political reputation by espousing to “get tough” with Pyongyang, is thought to be the one behind the ratcheted-up rhetoric that comes just days after South Korea appeared to be falling in North Korea’s party line. The almost schizophrenic behavior of the North further fuels rumors that there has not been a complete consolidation of power in the wake of the IL illness.
.”It is really appalling that the puppet regime is taking a leading role in the racket of a so-called UN resolution on human rights in the North,” said a statement from the North Korean government. “The South Korean puppet authorities should never forget that the present inter-Korean relations are at the crucial crossroads of existence and total severance.”
Some analysts report that this is all blustering in an attempt to strengthen North Korea’s position a the bargaining table when South Korea’s families in power divide up the pie amongst themselves and their North Korean, and Chinese counterparts.

From the Times UK
« Back to the grid | Next story »
Iran Claims to Test New Missile
From the Times UK- The Iranian Government has claimed to have successfully test-fired a missile with the range to strike Israel and US bases in the region. Tehran’s evidence was a photo of a Sejil missile, with a claimed range of 1,200 miles. The State Department has not verified this test.
ALSO FROM THE UK TIMES

The port city of Somalia, Merka, was captured bThe port city of Somalia, Merka, was captured b Islamo-Fascists yesterday. The transistional government in Somalia has not shown the strength needed to put down the Islamo-Fascist led tumult.
Led by Al-Shababa, Islamic-styled Sharia law has been imposed wherever the group seizes control. The UK times article details the case of a 13-year old girl who was stoned to death for adultery. She had claimed she had been raped, which, according to Sharia law, is grounds for death. The rape victim is the real criminal, giving in to her weak nature of surrendering her body.
The untold story of Africa is a story of Islamo-Fascists killing Christians, Chinese interests propping up the Islamo-killers to guarantee cheap and easy access to new African oil discoveries (especially in the Sudan), and, if you haven’t gotten the theme, Islamo-thugs causing untold deaths across the continent of Africa.
In Election 08 news…yes….it’s not over yet:
Four senate seats are still in the balance, giving the Democrats a chance to get to as many as 60 seats- sitting on 56
In Georgia, GOP Sen. Saxby Chambliss was well ahead of former Democratic state Sen. Jim Martin. But with a third-party candidate pulling some votes, Chambliss was trying to hold on to his thin majority to avoid a run-off next month- December 7th.
in Oregon, Republican Sen. Gordon Smith was ahead of Democratic House Speaker Jeff Merkley, but the race was still too close to call.
Democrat Mark Begich has taken the slimmest of leads—3 votes—over Ted Stevens in the race for the Senate in Alaska, reports FiveThirtyEight.com. With about 50,000 absentee votes still to be counted, Begich leads 125,019 to 125,016. When the day began, Begich trailed by more than 3,000 votes. “Given where we expect the remaining votes are located, this looks very good for Begich,” writes Sean Quinn of FiveThirtyEight.
With less than 300 votes separating Republican Incumbent US Sentator Norm Coleman and his Democratic challenger, Al Franken, a recount is set to begin starting November 19th.
The results, however, according to a report on Foxnews.com, will not be revealed for at least one month after the process begins. There are numerous legal issues, including how a 725 vote lead for Coleman went to just 206 a week later, off of “questionable” ballots (like the 32 “absentee” ballots that simply showed up in a Franken supporter’s car.
The Secretary of State, Democrat Mark Ritchie, early Obama supporter, and active member of his campaign, told foxnews.com that anybody trying to cast a “cloud” over the election process is doing so for political reasons.
75 percent of Minnesota’s new registration were conducted by Obama’s brownshirts, the Acornmarx
From Detroit News
The Detroit city council, according to the Detroit News, is going to seek $10 billion in bailout money from the Federal Government. They want to use the money to build up infrastructure and stop the massive Detroit foreclosure bleed. This comes on the heels of the $47 million Detroit received earlier this year that was assigned to meet these same needs.
“No city needs a bailout more than Detroit,” said the councilwoman who sponsored the resolution. “The best economic stimulus we need in the city of Detroit is people working. Detroit has got to be leading the way on this.”

From the Politico
In the spirit of change that has marked to Obamarx, Biden has selected…..Al Gore’s former chief of staff, Ron Klain. As of right now, it appears that over 75% of Obama’s most important team members have all had major roles in the Clinton administration, which ran the country from 93’-2000.

And now, the unveiling of a feature that will be a part of the Tuesday lineup for Midnight in America at noon, starting Monday November 17th. Our protest song of the week. This protest song will be sung by your host, and consultant to lost 70s tv stars, paul collier
Obama’s Yo Mamma
Well I hit thumb with a big old hammer- ouch, that must really hirt
What can I do
Obama’s yo mamma
It’s beating red and black and blue- that’s disgusting, you should call Obama
What can I do
OBama’s yo mamma- call your momma- obama

Well my child wont listen to me anytime- boy, you need to get that kid some ridlin
What can I do
Obama’s yo mamma
When I tell him to stop he just tells me no- I am SERIOUS about the ridlin, don’t bring that boy home without it!
What can I do
Obama’s yo mamma-
Call your mamma- Obama
Now, the ongoing series, the Obama Report, continues with an investigation into Valerie Jarret, called by many the “Karl Rove” of Obamarx.
Brief facts:
Former City Hall aide to Mayor Richard Daley.
Major “bundler”, has raised over $200,000 for Obama
“Practically a sister,” Barack Obama has said
Born in Iran.
At age 7, moved to Hyde Park where the Obamas currently live.
CEO of Habitat Co- another one of a series of GSEs (government subsidized entities). This company transfers government money through it’s court-appointed role as “receiever” for the Chicago Housing Authority.
Her company managed Grove Parc Plaza from 2001 until this winter and co-managed an even larger subsidized complex in Chicago that was seized by the federal government in 2006, after city inspectors found widespread problems.
Valerie Jarret on an Obama ad: just the first minute

Valerie Jarret on Obama’s Ayers connection

Note that she promised Ayers will NOT have a place in the Obamarx administration. We will track that promise, as well as look for the indirect benefits, such as funding, that Ayers and the Hyde Park thugs can secretly grab for themselves.
From Presidential race.net
Valerie Jarrett is one of Barack Obama’s closest advisers.(CNN) — A prominent Democratic
source close to Barack Obama confirmed Sunday that Valerie Jarrett is Obama’s choice to replace him in the Senate.Jarrett is a Chicago lawyer and one of Obama’s closest advisers.

From an article in Faultline
Obama’s Earmarks: Valerie Jarrett - The “Other Connection”
Senator Barack Obama’s congressional “earmarks” are getting little press notice, but Faultline USA has the important details. Read them at The Release of Barack Obama’s 2005-06 Earmark Requests Brings up Questions.

There are two issues in question:
(1) $1 Million to the University of Chicago Hospitals, where Michelle Obama is employed as Vice President for Community and External Affairs. Mrs. Obama’s employment is not the only connection to this earmark.

This from Maggie [not FaultlineUSA]: Valerie Jarrett, a top Obama campaign advisor is the Chair of the University of Chicago Medical Center Board, as well as Chair of the Executive Committee of that Board, and Vice-Chair of the University’s Board of Trustees.

From the Chicago Reporter
The Habitat Company: Private Firm Keeps Tight Grip on Public Housing
By: Brian Rogal

In 1966, Dorothy Gautreaux and other (chicago housing authority) residents sued the agency in federal court.
U.S. Department of Housing and Urban Development agreed to redistribute “blacks” in white-dominated areas.

In 1987, U.S. District Court Judge Marvin E. Aspen declared the CHA “simply not up to the task.” He appointed Habitat and its chairman, Daniel E. Levin, as the agency’s receiver, with authority over all new construction of family public housing.

But today, the company is at loggerheads with the very tenants it was appointed to serve.

In July 1998, Habitat stepped in to block a redevelopment compromise struck between Cabrini residents, the city and the CHA. Among other provisions, the agreement would have made the residents co-developers, giving them a voice in key decisions.

“We always thought the residents should have a voice,” then (CEO) Levin said. “The residents, of course, think that they should have a veto, so that makes them a very powerful special interest group that has slowed down the process.”

For Habitat’s fees at other CHA developments, HUD has budgeted about 6.6 percent of the project’s total cost. Based on that figure, Habitat’s management of the Cabrini project—hiring developers, approving plans and overseeing construction, among other tasks—would earn the company at least $3.8 million.

Residents said Habitat wants control to boost its profits…
After Habitat intervened in the Cabrini case in July 1998, Aspen sent all the parties—the residents, the CHA, the city and Habitat—back to work out the dispute.

In March, Aspen appointed a mediator, but no deal was struck.

“We have been given no reason to approve a plan which the Receiver does not back, even though it may otherwise adhere to the letter of the Gautreaux decree and enjoys some localized support,” Aspen wrote.

On Nov. 3, Aspen ruled that Habitat could continue to develop plans for Cabrini, although the company is still limited by a 1997 court injunction blocking demolition until tenant concerns are addressed.

Giving the tenants co-developer status remains the “heart and soul” of any settlement, said Richard M. Wheelock, supervisory attorney for the Legal Assistance Foundation, representing the tenants

Whoever controls the project stands to profit. As CHA receiver, Habitat earns a 3 percent fee of the dollars spent on new family housing construction, plus overhead costs, according to Aspen’s 1987 order. Since then, HUD has budgeted about $21.9 million for Habitat’s services, and has paid out about $17.3 million, HUDdocuments show.

As development manager, Habitat will earn at least $1.4 million of the $40 million in federal funds currently earmarked for 303 new public housing units….

Habitat will also earn $4 million overseeing the construction of replacement….That is in addition to the $2.5 million it would make as receiver for those developments.

“The more control over Cabrini, the more money [Habitat] can generate as profit. That’s what they’re in business for,” said Peter M. Holsten, founder and president of the Holsten Real Estate Development Corp
Shoddy Work
Project delays and construction troubles threaten to eat away Habitat’s profits as development manager at Horner. Tenants there sued the CHA and HUD in 1991, accusing them of practicing “de facto” demolition by allowing the 21-building development to decline beyond repair….

The first phase was to be completed by July 1998, but Habitat is still struggling to finish 466 low-rise units
The project was delayed partly because Habitat had to get “the residents’ approval, their consultant’s approval, and their lawyers’ approval,” Levin said.

A survey conducted in August and September 1998 by East Lake Management and Development Corp., Horner’s private property manager, found that 10 of 18 new ground-floor apartments on the 2100 block of West Maypole Avenue had suffered major leaks. Three other units on adjacent streets also had sprung leaks.

U.S. District Judge David H. Coar said the residents’ lawsuit could go forward

In addition, they agreed that 30 percent of all housing built on city-owned land would be reserved for public housing. Residents would have a 51 percent interest in the joint venture that would build the replacement housing, with a say on issues like design and allocation of social services.

The developers, however, would probably retain financial control, Wheelock said.

Wary Developers
Then Habitat blocked the deal in court. In a Nov. 20, 1998, letter to Aspen, Habitat said banks and investors were reluctant to put money into a project where the residents have 51 percent control. And local developers worry that the Cabrini site will include too many public housing units, the letter states. The company declined to disclose the names of the developers.

“Ultimately, someone has to make the decisions,” Levin said. “If you just listen to the residents, you do not know if you are listening to the lawyers or a small group of advisors. It’s not clear if they know the issues.”

Cabrini residents would like to replace Habitat with Corcoran & Jennison, a for-profit, Boston-based developer of about 28,000 units of market-rate and affordable housing, mostly on the East Coast and in California. “We’ve had experience with [tenant owners], and they’ve worked out very well,” said Chairman Joseph Corcoran. “Ownership doesn’t mean management,” he said.

Residents “know what the community needs, and they should have that control,” he said. “Habitat felt that if tenants had ownership, you would not get the necessary investment. That is completely not true.”

From the Chicago tribune
Jarrett has pushed to integrate new developments by limiting the number of residents, mostly poor and black, who can live in the new communities. From the beginning, that stance clashed with efforts by residents and housing advocates to ensure the number of units set aside for the poor was as large as possible.

For Jarrett, the effort to integrate public housing continues a struggle her grandfather, Robert Taylor, started decades ago. Taylor was the Chicago Housing Authority’s first chairman.

“He believed in what we’re doing today, which is why I do this,” Jarrett said.
Since 1995, Jarrett has been a high ranking executive at Habitat Co

Habitat argues that to integrate public housing it must attract middle-class families, who will not buy into a development that includes too many poor people.
.

Under the Plan for Transformation, the city has lost more than 13,000 housing units for the poor at a time when low-income families face one of the worse housing crises in recent history. After years of neglect and abandonment, many residents doubt that Jarrett and CHA officials have their interests at heart.

Habitat has earned $6.8 million in fees and $10.8 million in administrative expenses since the plan started in 2000, according to the U.S. Department of Housing and Urban Development. The company also earns millions as a property manager for the CHA.

Habitat and the CHA want to create a new development at Lathrop that would follow the same model as other mixed-income sites such as Stateway Gardens and the Robert Taylor Homes.

But community organizers say that the neighborhood needs more affordable and public housing—not more upscale homes.

And that Is who Valerie jarret is….more to follow, to be sure

And now, a look at economics, from the San Francisco Chronicle

Henry Paulson’s speech Wednesday made it pretty clear: The Treasury secretary has seized control of the financial system.
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“He is absolutely the most powerful person in the country. Maybe the world,” says Wall Street accounting expert Robert Willens.
This article focuses on a particular part of that speech, the section where Paulson unilaterally decided to change the use and definition of the bailout money. Now, instead of buying up bad debt and even helping home owners save their homes, or at least negotiate new, realistic terms, Paulson has declared the money will simply go towards equity investment in the banks.
“In consultation with the Federal Reserve, I determined that the most timely, effective step to improve credit market conditions was to strengthen bank balance sheets quickly through direct purchases of equity in banks,” he said.
The goal of this bailout is not to save the people buried in debt, but to keep the markets flowing for the people NOT buried in debt, to keep the machine running for those who have, not to assist those who have not, many of whom have been done in by questionable, if not illegal, debt collection practices, fees, compound interest, unexplained mortgage terms, etc.
, “With the Federal Reserve, we are exploring the development of a potential liquidity facility for highly rated AAA asset-backed securities. We are looking at ways to possibly use the TARP to encourage private investors to come back to this troubled market, by providing them access to federal financing while protecting the taxpayers’ investment.”
As the article points out, this liquidity fund is another term for “line of credit”, a line of credit only available, it would be presumed to the “healthy’ banks (meaning the “healthy” banks will get healthier, be able to buy up more of the ill banks, with tax dollars assisting the further monopolization of our financial markets.
. And now a word from the AFN:
Hi, my name is Paul Collier, and I’m not just the founder, but I’m also a client…that’s right, male-pattern baldness is a scar many of us have to endure, some of us that have a full head of hair but see signs of that retreat across the forehead in our nightmares everyday. That’s why I founded Paul Collier’s Hairclub for men who have not lost hair, but may fear that they will.

You may be second-guessing my business model, investing all this money in potential doom, the balding of my man-scalp, rather than giving it to the folks who are actually going bald. I say I have the backing of the world’s leading economists, from China to America, who all say the same thing……We gotta bail out the rich folks who might not possibly maybe be quite as rich in the future if we don’t prop them up…..the bankruptcy relief fund for the folks who have not lost real wealth, but may fear that they will.

So that is my model, my inspiration for the paul collier hair club for men who have not lost hair but may fear that they will.

And now for something completely different, a look at today’s world markets.

Asia Pacific & Australia
Index Change %Change Level Last Update *

Australia ASX 100 -193.70 -6.00% 3,036.80 11/13 5:07pm

Australia ASX All Ords -182.80 -4.71% 3,672.40 11/13 5:06pm

Australia ASX Mid-cap 50 -133.10 -3.69% 3,469.10 11/13 5:07pm

Hong Kong Hang Seng -717.74 -5.15% 13,221.35 11/13 6:14pm

Hong Kong HSCC Red Chip -135.03 -4.61% 2,793.79 11/13 4:50pm

Japan Nikkei 225 -456.87 -5.25% 8,238.64 11/13 4:30pm
Europe
Index Change %Change Level Last Update *

Belgium Bel 20 -11.85 -0.58% 2,045.61 11/13 1:58pm

Europe DJ Stoxx -24.86 -1.16% 2,113.10 11/13 1:58pm

Europe Euronext 100 -0.79 -0.14% 552.08 11/13 1:58pm

Europe Euronext 150 -12.69 -1.30% 965.54 11/13 1:58pm

France CAC +3.20 +0.10% 3,237.16 11/13 1:58pm

France SBF 80 -32.50 -0.92% 3,495.26 11/13 1:58pm

France SBF 120 -0.79 -0.03% 2,326.83 11/13 1:58pm

Germany DAX -15.52 -0.34% 4,605.28 11/13 1:58pm

Germany MDAX -26.71 -0.50% 5,318.51 11/13 1:58pm

Germany TECDAX +7.33 +1.49% 499.89 11/13 1:58pm

Netherlands AEX -2.55 -1.02% 246.70 11/13 1:58pm

Norway BRIX +0.74 +0.02% 3,954.43 10/31 12:00am

Norway OSE Industry -1.89 -0.11% 168.16 11/13 1:57pm

Sweden OMX -0.25 -0.04% 630.01 11/13 1:58pm

Sweden OMSX All Share -6.24 -3.06% 197.55 11/12 12:00am

UK FTSE 100 -55.29 -1.32% 4,126.73 11/13 12:58pm

UK FTSE All Shares -28.45 -1.36% 2,068.92 11/13 12:58pm

UK FTSE Eurotop -15.86 -0.86% 1,824.87 11/13 12:57pm

UK FTSE Techmark +5.11 +0.45% 1,153.38 11/13 12:58pm
Americas
Index Change %Change Level Last Update *

Canada TSE 300 -501.43 -5.32% 8,922.57 11/12 12:00am

Canada CDNX -49.83 -5.71% 822.50 11/12 12:00am

Canada S&P/TSX 60 -33.74 -5.90% 538.20 11/12 12:00am
Open Closed