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Friday, Jun 27th

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State senator causes ruckus on Alaska flight

The Anchorage Republican was not charged with a crime and the law enforcement investigation into the incident is over. McGuire, who chairs the State Affairs Committee, is part of the Senate's ruling coalition.

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NYPD Sued Over Spycams; Video 911?

The New York Police Department is happy to talk about its plans to ring lower Manhattan with thousands of security cameras. But the Department won't say exactly where the cameras are, or what will be done with the data. So now the New York City Liberties Union is suing the NYPD, to force 'em to fess up on the spycams.

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16 dead in car bomb, ambush at US Embassy in Yemen

Suspected militants armed with automatic weapons, rocket-propelled grenades and at least one suicide car bomb assaulted the U.S. Embassy in the Yemeni capital on Wednesday. The coordinated attack killed 16 people, including six assailaints, officials said.

The U.S. said no Americans were hurt.

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Fed in AIG rescue - $85B loan

Government response reaches dramatic new level: U.S. will take 80% stake in nation's largest insurer to prevent global financial chaos.

In an unprecedented move, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.

An eventual liquidation of the company is most likely, senior Fed officials said. But with the government loan, the company won't have to go through a tumultuous fire sale.

TVNL Comment: The takeover of assets continues. Bush's ownership society is taking shape. Who are the owners? That's the only question.

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Former congressional aide ruled unfit for trial

A former aide in the U.S. Congress charged with giving secret information to Iraqi intelligence agents is mentally incompetent to stand trial, a federal judge has ruled.

Lindauer, a distant relative of former White House Chief of Staff Andrew Card, claimed she was targeted by the government for saying the Iraq war would be a disaster. She insisted on going to trial to defend herself against the charges.

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Fed repaid JPMorgan $87 billion for Lehman financing

While the government had pledged not to fund a rescue of Lehman, the disclosure on Tuesday showed authorities that were taking other financial steps to prevent markets from descending into chaos.

JPMorgan Chase & Co advanced $87 billion to the units on Monday to help clear and facilitate securities transactions with customers and clients of Lehman "to avoid disruption of financial markets," according to documents filed in the U.S. Bankruptcy Court for the Southern District of New York.

Lehman and the New York Fed had requested the advance, known as a "commencement date advance" and the New York Fed repaid it, according to filings.

In effect, the New York Fed lent the funds to the units.

A representative for the New York Fed declined to comment.

TVNL Comment: Any questions about the central banking conspiracy?

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Oil prices sink below $93 on falling demand

Oil prices extended their steep losses Tuesday, tumbling below $92 a barrel as a worsening economy suggested U.S. energy demand will keep falling despite crude's return to year-ago levels.

Gas prices edged higher at the pump, topping $3.85 a gallon amid the aftermath of Hurricane Ike. However, given crude's continuing slide, retail gas was expected to turn lower within a few weeks.

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TVNL Reminder: Lehman hires Jeb Bush as private equity advisor

Aug 30 2007 (Reuters) - Lehman Brothers has hired Jeb Bush, brother of the President of the United States, as an advisor to its private equity business, a source familiar with the situation said.

Lehman hired another relative of U.S. President George W. Bush last year--George Walker, a second cousin, who heads up the bank's asset management business.

Jeb Bush is the former governor of Florida.

Lehman Brothers declined to comment.

TVNL Comment: Things that make you go hmmm.

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Announcing Plans to Prosecute Bush in Vermont

Renowned Criminal Prosecutor Vincent Bugliosi Joins Vermont Attorney Charlotte Dennett To Announce Intentions To Bring Legal Proceedings Against President Bush.

Press conference to be held at: Burlington City Hall. Contois Auditorium on September 18, 2008 at 10:30 a.m.

Vincent Bugliosi, the legendary criminal prosecutor and bestselling author of The Prosecution of George W. Bush for Murder, will appear in Burlington with Charlotte Dennett, a Cambridge-based attorney and Progressive Party candidate for Attorney General, on Thursday, September 17 at Burlington City Hall at 10 a.m. The two attorneys will announce their intention to commence criminal proceedings against George W. Bush in the event that Dennett succeeds in her bid to become the next Attorney General of Vermont.

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