Patriot News Network

The following collection of articles by various authors are their opinions, inspiration and humor for your reading enjoyment.

War on Freedom

Speed cameras being used to confiscate cars!

Western Australia uses speed cameras as the sole evidence used to impound and permanently confiscate automobiles.

PERTH, Australia - June 5, 2010 - Being accused by a speed camera now provides sufficient evidence for police in Western Australia to confiscate a car. On Friday, a 49-year-old man lost his Porsche 944 Turbo because a combination red light camera and sp

War on Freedom

Estimated speed is enough for Ohio cops to write tickets!

COLUMBUS, Ohio - June 2, 2010 - The Supreme Court of Ohio has ruled that police officers can issue speeding tickets based on visual estimates of speed and without any other form of proof such as radar.

The practice is allowed as long as an officer has been trained and certified in visual speed estimation by the Ohio Peace Officer Training Academy, a 5-1 majority of court justices r

Road to Depression

Ford closes Mercury line!

DETROIT, Michigan - June 2, 2010 - Edsel Ford conceived the Mercury brand in the 1930s as a way to fill the gap between basic Fords and luxury Lincolns. Now, that gap will again go unfilled.

Ford Motor announced Wednesday that it would discontinue selling Mercury models this fall, ending a 71-year-old brand that once stood for innovation and speed but that became a “me, too&r

Road to Depression

Buffett warns municipal debt next ratings minefield!

NEW YORK - June 1, 2010 - After being blasted for months by critics for exacerbating the financial crisis by putting overly rosy views on bundles of mortgage securities, credit-rating agencies now have an unlikely defender: Warren Buffett.

The famed billionaire investor said on Wednesday that ratings agencies such as Moody’s Investors Services and McGraw Hill Cos.’ Stan

Road to Depression

Spanish bank asks for 3 billion dollars from rescue fund!

MADRID, Spain - June 1, 2010 - Spain's second-biggest savings bank, Caja Madrid, has asked for up to 3 billion euros ($3.7 billion) from a government rescue fund set up to promote mergers among the country's network of unlisted savings banks, a source close to the company said on Tuesday.

The government has set a June 30 deadline to tap money from the Fund for Orderly Bank Restruct

Road to Depression

Governor plans mass layoff of government workers!

NEW YORK - June 1, 2010 - A member of New York Governor David Paterson's regime said the governor is putting together a plan that would lay off thousands of government workers at the beginning of next year to help balance the state budget.

The regime official confirmed a report Tuesday in The New York Times that Paterson will direct state agencies to begin picking position

Road to Depression

Global growth likely to remain sluggish for years!

NEW YORK - June 1, 2010 - Advanced economies face years of anemic growth and the risk of a double-dip Depression as their citizens cope with sluggish employment and highly indebted governments, economist Nouriel Roubini said on Monday.

A sovereign debt crisis in the euro zone has rattled financial markets in recent weeks as investors worry that fiscal austerity measures dictated by