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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (54228)	8/3/2006 1:15:09 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

Who are they coming for next? ___________________________________________________________________ miami.com WASHINGTON - A draft Bush administration plan for special military courts seeks to expand the reach and authority of such 'commissions' to include trials, for the first time, of people who are not al Qaeda members or the Taliban and are not directly involved in acts of international terrorism, according to officials familiar with the proposal plan. The plan, which would replace a military trial system ruled illegal by the Supreme Court in June, also allows the secretary of defense to add crimes at will to those under the military court's jurisdiction. The two provisions would be likely to put more individuals than previously expected before military juries, officials and independent experts said. The draft proposed legislation, set to be discussed at two Senate hearings today, is controversial inside and outside the administration because defendants would be denied many protections guaranteed by the civilian and traditional military criminal justice systems. Under the proposed procedures, defendants would lack rights to confront accusers, exclude hearsay accusations, or bar evidence obtained through rough or coercive interrogations. They would not be guaranteed a public or speedy trial and would lack the right to choose their military counsel, who in turn would not be guaranteed equal access to evidence held by prosecutors. Detainees also would not be guaranteed the right to be present at their own trials, if their absence is deemed necessary to protect national security or individuals. An early draft of the new law prepared by civilian political appointees and leaked to the media last week has been modified in response to criticism from uniformed military lawyers. But the provisions allowing a future expansion of the courts to cover new crimes and more prisoners were retained, according to government officials who are familiar with the deliberations.

To: John McCarthy who wrote (54228)	8/3/2006 12:52:12 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Is Housing Bottoming Out? globaleconomicanalysis.blogspot.com Mish

To: John McCarthy who wrote (54228)	8/3/2006 1:58:34 PM
From: mishedlo	Respond to of 116555

The Herd Changes Course and Runs Away From S.U.V.’s nytimes.com

To: John McCarthy who wrote (54228)	8/3/2006 2:39:44 PM
From: mishedlo	Respond to of 116555

California Foreclosure Activity Hits Three-Year High dqnews.com Lenders sent 20,752 default notices to homeowners statewide during the April-through-June period. That was up 10.5 percent from 18,778 the previous quarter and up 67.2 percent from 12,408 in the second quarter of last year, DataQuick Information Systems reported. Last quarter's year-over-year increase was the highest for any quarter since DataQuick began tracking defaults in 1992. Notices of default are formal documents filed with the county recorder's office and mark the first step in the foreclosure process. Despite the second quarter surge, defaults remained below historically normal levels. On average, lenders filed 32,762 notices of default each quarter over the past 14 years. Last quarter's 20,752 total was the highest since 25,511 were filed in first quarter 2003.