World News 09 15 08

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width="100%" BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>News and Music Free Radio Stations RadioZX</B></FONT>     |     <A HREF="index.htm" TARGET="_top" TITLE="News and Music Free Radio Stations Radio">home</A>                              back to  <A HREF="news.htm" TARGET="_top" TITLE="News">News</A></div> <DIV ALIGN="LEFT"></DIV> <div> <I><B>World News 09 15 08</B></I></div> <div> Cheechako <A HREF="http://www.cheechakonews.com/" TARGET="_top" TITLE="http://www.cheechakonews.com/"><IMG SRC="870100a0.gif" border=0 width="16" height="10" ALT="WiFi America" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A> News</div> <div> Washington D.C . -    Hamilton, Montana  -  Seattle, Washington  -  Kodiak, Alaska</div> <div> RadioZX Executive Editor  <A HREF="contact_us.htm" TARGET="_top" TITLE="Contact Us">Mighty Quinn</A></div> <bR> <div> <A HREF="news.htm" TARGET="_top" TITLE="News"><B><IMG SRC="bd0d82a0.jpg" border=0 width="216" height="42" ALT="Headlines" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></A></div> <div> <B>September 15 2008</B></div> <div> <IMG SRC="bc344d00.png" border=0 width="324" height="464" ALT="Bear Market" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <div> WALL STREET CRASHES</div> <div> <A HREF="world_news_01_01_08.htm" TARGET="_top" TITLE="World News 01 01 08">We told you it would, and there is much more to come!</A></div> <div> <A HREF="mccain_for_president.htm" TARGET="_top" TITLE="McCain for President News Index">McCain</A> Says, The Foundation of "The Nations Economy" is Fine!</div> <div> <A HREF="obama_for_president_news.htm" TARGET="_top" TITLE="Obama for President News Index">Obama</A> says, if that's True, <B>I got a Bridge to NowWhere,</B> in Alaska . . . you can buy from <A HREF="reject_palin_rally.htm" TARGET="_top" TITLE="Reject Palin Rally">Palin</A>!</div> <bR> <div> Voting4America.com</div> <div> <A HREF="http://www.voting4america.com" TARGET="_top" TITLE="http://www.voting4america.com">Constitution Week</A>   September 14~20, 2008</div> <div>                                                                                                                       <A HREF="http://www.voting4america.com/" TARGET="_top" TITLE="http://www.voting4america.com/">Constitution Day</A> September 17, 2008</div> <bR> <div> <FONT SIZE="2" COLOR="#CC0000" FACE="Arial" ><B>Hot Link</B></FONT> to <FONT SIZE="2" COLOR="#000000" FACE="Arial" >Sarah Palin</FONT> News  <A HREF="mccain_for_president.htm" TARGET="_top" TITLE="McCain for President News Index">CLICK HERE>></A>            or             <FONT SIZE="2" COLOR="#CC0000" FACE="Arial" ><B>Hot Link</B></FONT> to Alaska Travel Guide <A HREF="http://www.ast2.com/" TARGET="_top" TITLE="http://www.ast2.com/">CLICK HERE>></A></div> <bR> <div> <A HREF="obama_for_president_news.htm" TARGET="_top" TITLE="Obama for President News Index">Obama Campaign</A>     <A HREF="third_party_campaigns.htm" TARGET="_top" TITLE="Third Party Campaigns">Third Party Candidates</A>     <A HREF="mccain_for_president.htm" TARGET="_top" TITLE="McCain for President News Index">McCain Campaign</A></div> <bR> <div> <B>Make your opinions known!</B><FONT SIZE="1" COLOR="#000000" FACE="Arial" > to the U.S. Congress, Senate and State Officials</FONT></div> <div> <A HREF="http://www.senate.gov/general/contact_information/senators_cfm.cfm?OrderBy=state&Sort=ASC" TARGET="_top" TITLE="http://www.senate.gov/general/contact_in">U.S. Senators Contact info</A>     <A HREF="http://www.house.gov/writerep/" TARGET="_top" TITLE="http://www.house.gov/writerep/">Congressperson in the U.S. House of Representatives</A>     <A HREF="http://congress.org/stickers/?dir=congressorg&officials=officials&lvl=L" TARGET="_top" TITLE="http://congress.org/stickers/?dir=congre">Governors & State Officials</A></div> <bR> <div> <IMG SRC="7a344060.gif" border=0 width="580" height="6" ALT="stars and stripes line" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <div> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="757" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 804 WIDTH="371"><div> Lehman filing Chapter 11 Bankruptcy</div> <div> <A HREF="lehman_brothers.htm" TARGET="_top" TITLE="Lehman Brothers">The 158-year-old Lehman</A> was crippled by $60 billion in soured real-estate holdings and unable to find an investment partner to throw it a lifeline. </div> <div> Lehman said in a statement early Monday that none of its broker-dealer subsidiaries or other units would be included in the Chapter 11 filing in U.S. bankruptcy court in New York.</div> <bR> <div> It likely will spur a much greater focus by presidential candidates - <A HREF="mccain_for_president.htm" TARGET="_top" TITLE="McCain for President News Index">Republican John McCain</A> and <A HREF="obama_for_president_news.htm" TARGET="_top" TITLE="Obama for President News Index">Democrat Barack Obama</A> - and members of Congress on the need for stricter financial regulation.</div> <bR> <div> The stunning weekend developments took place as voters, who rank the economy as their top concern, prepare to elect a new president in seven weeks.</div> <bR> <div> Individual customers are starting to get nervous about the financial health of their banks for the first time in generations.</div> <div> Banks are began receiving inquiries from individuals in the past two months.</div> <bR> <div> The Federal Reserve announced late Sunday several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.</div> <bR> <div> The action came as U.S. and foreign commercial banks were hashing out a plan to inoculate the global financial system against the possible <A HREF="world_news_01_01_08.htm" TARGET="_top" TITLE="World News 01 01 08">Failure of The World Bank</A> next spring.</div> <DIV ALIGN="LEFT"></DIV> <div> <A HREF="world_news_01_01_08.htm" TARGET="_top" TITLE="World News 01 01 08"> <img src="HTMLobj-3033/aniGif.gif" alt="thumbs down" border="0" align="bottom" width="112" height="57">  </A></div> <div> <A HREF="world_news_01_01_08.htm" TARGET="_top" TITLE="World News 01 01 08"><IMG SRC="bc444c30.jpg" border=0 width="324" height="195" ALT="living out of your car 1930's" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A></div> </tD> <tD VALIGN=TOP ROWSPAN=5 BGCOLOR=#FFFFFF><NOBR><IMG BORDER="0" SRC="1x1.gif" HEIGHT="804" ALIGN="bottom" WIDTH="-1" HSPACE="0" VSPACE="0"></NOBR></tD> <tD VALIGN=TOP WIDTH="371"><div> The Bush Crisis that has Gripped Wall Street for months is just starting!</div> <div> Bank of America -based - Charlotte, N.C. has the most deposits of any U.S. bank, while Merrill Lynch is the world's largest brokerage.</div> <div> A combination of the two would create a global financial giant to rival Citigroup Inc., the biggest U.S. bank in terms of assets.</div> <bR> <div> Merrill has reported four straight quarterly losses. </div> <div> And Bank of America's own finances are far from robust. As consumer credit deteriorates, the bank has seen its profits decline, plus absorbing the embattled mortgage lender Countrywide Financial, which it acquired in January.</div> <bR> <div> <A HREF="iraqi_war_news.htm" TARGET="_top" TITLE="Iraqi War News Index"><IMG SRC="bc578830.jpg" border=0 width="120" height="131" ALT="market down" ALIGN="LEFT" HSPACE="3" VSPACE="0"></A>So BofA, may CRASH it's self as early as March or April next year, postponing the <A HREF="world_news_01_01_08.htm" TARGET="_top" TITLE="World News 01 01 08">C</A><A HREF="world_news_01_01_08.htm" TARGET="_top" TITLE="World News 01 01 08">omplete Financial CRASH</A>, till after the Presidential Elections.</div> <bR> <div> The International Monetary Fund predicted earlier this year that total losses from the credit crisis could reach almost $1 trillion. So far, banks have only taken about $350 billion in losses.</div> <bR> <div> Commercial banks are also starting to feel the pinch.</div> <bR> <div> Eleven have closed so far this year, including Pasadena, Calif.-based IndyMac Bank, which had $32 billion in assets and $19 billion in deposits.</div> <bR> <div> Last March, The Central Bank implemented the biggest expansion in the emergency loan program since the Great Depression by announcing that investment banks could obtain money from the Fed. That action came after the near-collapse of investment bank Bear Stearns, which was taken over with the help from a $29 billion Fed loan by JP Morgan Chase and Co.</div> <DIV ALIGN="LEFT"></DIV> <div> <A HREF="mccain_for_president.htm" TARGET="_top" TITLE="McCain for President News Index"><IMG SRC="bc6b3820.jpg" border=0 width="179" height="130" ALT="McCain the Buck Stops Here" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A></div> </tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#FFFFFF HEIGHT= 4 WIDTH="371"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="4" ALIGN="bottom" WIDTH="371" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP BGCOLOR=#FFFFFF WIDTH="371"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="4" ALIGN="bottom" WIDTH="371" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 475 WIDTH="371"><div> Bank of America buys Merrill for $50B</div> <div> Sunday by more seismic shocks from Wall Street, including a government-brokered takeover of Merrill Lynch by the Bank of America for $50 billion.</div> <bR> <div> A forced restructuring of the world's largest insurance company, American International Group Inc., also weighed heavily on global markets as the effects of the 14-month-old credit crisis intensified.</div> <bR> <div> A global consortium of banks, working with government officials in New York, announced late Sunday a $70 billion pool of funds to lend to troubled financial companies.</div> <bR> <div> The aim, according to participants who spoke to The Associated Press, was to prevent a worldwide panic on stock and other financial exchanges.</div> <bR> <div> Ten banks - Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley and UBS - each agreed to provide $7 billion.</div> <bR> <div> Unemployment is rising, consumers are clamping down as paychecks shrink and the government snatched control of troubled mortgage giants <A HREF="fannie_mae_freddie_mac_crash.htm" TARGET="_top" TITLE="Fannie Mae Freddie Mac CRASH">Fannie Mae and Freddie Mac</A> as it battles the worst financial and credit crises in decades.</div> </tD> <tD VALIGN=TOP WIDTH="371"><div> Hurricane Ike's Aftershocks</div> <div> Gasoline prices surged overnight - to nearly $5 a gallon in some places.</div> <div> Compounding the jitters and higher costs for gasoline retailers was the fact that some big refineries along the Gulf Coast had been shut for nearly two weeks following Hurricane Gustav. Power outages caused by Ike threatened to keep millions of gallons of gasoline output idled for at least several days.</div> <DIV ALIGN="LEFT"></DIV> <div> <B>Run America . .  . </B><A HREF="freeway_of_the_future.htm" TARGET="_top" TITLE="Freeway of the Future"><B> <img src="HTMLobj-3034/aniGif.gif" alt="a man carries his car to work" border="0" align="bottom" width="110" height="51">  </B></A><B> Run for your Life!</B></div> <div> A lot of it is simply incredible, and a lot of the price increases make no sense economically in terms of supply and demand!</div> <bR> <div> People reported gas was selling for as low as $3.49 a gallon in some spots, and $5 at another. </div> <div> People are outraged, Everyone is having a hard time understanding all of this!</div> <div> Such market fundamentals could last for another few weeks</div> <div> Ike shut down 14 Texas refineries with a total capacity of 3.8 million barrels of crude a day, or about 20 percent of the country's total output.</div> <bR> <div> ``The Department of Energy and state authorities will be monitoring a gasoline crisis so consumers are not being gouged,'' <A HREF="iraqi_war_news.htm" TARGET="_top" TITLE="Iraqi War News Index">President Bush</A> said. Republican Bull SHIT!</div> </tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#FFFFFF HEIGHT= 4 WIDTH="371"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="4" ALIGN="bottom" WIDTH="371" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP BGCOLOR=#FFFFFF WIDTH="371"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="4" ALIGN="bottom" WIDTH="371" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 488 WIDTH="371"><div> Mexican Produce Responsible</div> <div> for the United States' largest outbreak of food-borne illness in a decade, but not as bad as all the tainted Food coming from <A HREF="china_xinhua.htm" TARGET="_top" TITLE="China News and Propaganda Index">China</A>!</div> <bR> <div> It infected at least 1,440 people with a rare form of salmonella.</div> <div> some Mexican producers grow fruits and vegetables under strict sanitary conditions for export to the U.S., many don't — and they can still send their produce across the border easily.</div> <div> <IMG SRC="bb464930.gif" border=0 width="100" height="147" ALT="which doctor" ALIGN="LEFT" HSPACE="3" VSPACE="0"></div> <div> Neither the U.S. nor the Mexican governments impose any safety requirements on farms and processing plants. That includes those using unsanitary conditions — like those at Agricola Zaragoza — and brokers or packing plants that mix export-grade fruits and vegetables with lower-quality produce.</div> <bR> <div> In fact, the only thing a Mexican company needs to do to sell produce to the United States is to register online.</div> <bR> <div> The only U.S. government enforcement consists of 625 <A HREF="plants_talk_to_each_other.htm" TARGET="_top" TITLE="Plants Talk to Each Other">FDA</A> inspectors who conduct spot checks of both U.S. and foreign produce, reviewing less than 1 percent of all imports. Beyond that, it is entirely up to the supermarkets and restaurants to police their produce.</div> </tD> <tD VALIGN=TOP WIDTH="371"><div> Younger evangelicals split over Palin choice as VP</div> <div> <A HREF="http://www.chapele.com/" TARGET="_top" TITLE="http://www.chapele.com/">McCain evangelist?</A></div> <bR> <div> <A HREF="mccain_chooses_palin.htm" TARGET="_top" TITLE="McCain chooses Palin">McCain's choice</A> has been greeted as a cynical political ploy, a depressing return to the culture wars and damaging to efforts to broaden the evangelical dialogue.</div> <bR> <div> <FONT SIZE="2" COLOR="#FFFFFF" FACE="Arial" ><IMG SRC="bdd98890.jpg" border=0 width="152" height="137" ALT="McCain evangelist" ALIGN="RIGHT" HSPACE="3" VSPACE="0"></FONT>Polls have yet to measure the Palin Effect on younger evangelical voters, whose shifting political allegiances put the demographic in play for both major-party <A HREF="us_presidential_elections.htm" TARGET="_top" TITLE="US Presidential Elections Index">presidential campaigns</A>.</div> <bR> <div> Conservatives are energized much like their elders, progressives are unimpressed and many undecideds are gravitating toward <A HREF="mccain_for_president.htm" TARGET="_top" TITLE="McCain for President News Index">McCain-Palin</A>.</div> <bR> <div> I think the jury is still out on young evangelicals, both parties need to address issues of deep concern for this voting bloc."</div> <bR> <div> <A HREF="obama_for_president_news.htm" TARGET="_top" TITLE="Obama for President News Index">Obama</A> has had a lot of appeal for being new, fresh, cool and bringing change.</div> </tD> </tR> </TABLE></div> <div> <IMG SRC="b9118780.png" border=0 width="536" height="120" ALT="Matt Hammer Jam 0" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <div> The Matt Hammer Jam Is now back at Eddie's Sports Bar on the Old Seward Highway in Anchorage. </div> <div> You’ll find <FONT SIZE="2" COLOR="#FF0000" FACE="Arial" ><B>RadioZX</B></FONT> & <FONT SIZE="2" COLOR="#000099" FACE="Arial" ><B>The Cheechako News,</B></FONT> there every Wednesday from 8:00 to Midnight.</div> <bR> <div> to hear <FONT SIZE="2" COLOR="#993333" FACE="Arial" ><B>Matt Hammer</B></FONT> on <B>RadioZX . . .  </B><A HREF="matt_hammer.htm" TARGET="_top" TITLE="Matt Hammer">CLICK HERE>></A></div> <bR> <div> <A HREF="http://www.heymatt.com/" TARGET="_top" TITLE="http://www.heymatt.com/"><IMG SRC="b9266dc0.png" border=0 width="614" height="476" ALT="Matt Hammer Jam 1" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A></div> <bR> <div> <B><IMG SRC="b93737d0.jpg" border=0 width="115" height="125" ALT="Yowza" ALIGN="BOTTOM" HSPACE="0" VSPACE="0">  A <IMG SRC="04759290.png" border=0 width="89" height="41" ALT="RadioZX logo" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> PARTY</B></div> <div> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="295" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" BGCOLOR=#FFFF00 > <tR> <tD VALIGN=TOP BGCOLOR=#FFFF00 HEIGHT= 61 ><NOBR><div> Barry's Baranof Lounge</div> <div> 1166 Gambell st, Anchorage, Alaska</div> <div> (907) 276-9042</div> </NOBR></tD> </tR> </TABLE></div> <div> <B>It's a </B><FONT SIZE="2" COLOR="#CC0000" FACE="Arial" >RadioZX</FONT><B> Friday nite Party!</B></div> <div> Hottest Party in Alaska, Live Music and much more!</div> <div> <FONT SIZE="2" COLOR="#CC6633" FACE="Arial" ><I><B>secret password, tell them</B></I></FONT> <I><B>"The Captain! 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