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The Federal Reserve's rescue has failed By Ambrose Evans-Pritchard, International Business Editor Last Updated: 11:10am GMT 03/03/2008 Have your say Read comments The verdict is in. The Fed's emergency rate cuts in January have failed to halt the downward spiral towards a full-blown debt deflation. Much more drastic action will be needed. Read more from Ambrose Evans-Pritchard 'Ninja' loans explode on sub-prime frontline Yields on two-year US Treasuries plummeted to 1.63pc on Friday in a flight to safety, foretelling financial winter. advertisement The debt markets are freezing ever deeper, a full eight months into the crunch. Contagion is spreading into...

BEIJING (Reuters) - China's Shaolin Temple, the cradle of Chinese kung fu, is demanding an apology from an Internet user who said its monks had once been beaten in unarmed combat by a Japanese ninja, Chinese media reported on Friday. Shaolin Temple, in the northern province of Henan, became famous in the West as the training ground for Kwai Chang "Grasshopper" Caine in the 1970s "Kung Fu" TV series. Ninjas -- professional assassins trained in martial arts -- date back to mediaeval Japan. "The so-called defeat is purely fabricated, and we demand the Internet user to apologise to the whole...

'Ninja' teens arrested after pranks go bad Car break-ins, burglaries were the work of Rogue River trio, aithorities say By Sanne Specht also by Anita Burke Mail Tribune August 23, 2007 ROGUE RIVER — Three teen members of a self-proclaimed "ninja" group face felony charges after their months-long spree of nighttime pranks morphed into serious criminal activity, police say. Three boys who graduated to burglary after skulking across rooftops and ghosting through people's yards at night were taken into custody Tuesday night. Two 15-year-old boys and one 16-year-old boy, all of Rogue River, were lodged in the Jackson County Juvenile...

Richfield Police are looking for a man who attempted to rob a Lunds grocery store in Richfield Saturday evening dressed as a ninja. According to authorities, the suspect entered the store at about 10:30 p.m. dressed in skin-tight black clothing and armed with a samurai-style sword. The suspect stood in line before he demanded the cashier turn over the money in the register, reportedly waving his sword in the air. The cashier and other customers inside thought the suspect was pulling a prank. The cashier refused to give the suspect the money and he fled the scene.

ATHENS (Reuters) - A Greek bank robber armed with ninja throwing stars finally ran out of moves on Tuesday when police arrested him after an Athens bank robbery. Petros Onen, 49, had held up 11 small suburban bank branches making away with 50,000 euros ($63,590) in recent months, threatening to throw his razor-sharp, palm-size stars -- made famous by the Japanese ninja warriors -- at cashiers, police said. His luck ran out when undercover policemen at the last bank he robbed followed him home and arrested him with his loot, his throwing stars, a fake gun and a list of...

THE ASCENT OF MAN Humans existed as members of small bands of nomadic hunter/gatherers. They lived on deer in the mountains during the summer & would go to the coast and live on fish and lobster in winter. The two most important events in all of history were the invention of beer and the invention of the wheel. The wheel was invented to get man to the beer. These were the foundation of modern civilization and together were the catalyst for the splitting of humanity into two distinct subgroups: Conservatives and Liberals. Otherwise and heretofore known as Ninja (Conservative) and...

Gestapo-like tactics prompt outrage, complaints among owners, citizenry. In the ongoing effort to keep public places clear of intoxicated citizens and drunk drivers, some police agencies are using a controversial tactic – going directly into bars and restaurants to make arrests. Such is the situation in northern Virginia, where Fairfax County Police are targeting patrons suspected of having one too many. "[Officers] were talking to one of the guests, then physically pulled him off the barstool," Richie Prisco, general manager at Champps bar told the Reston Times. "They were really aggressive and nasty." According to the report, police are hauling...

David Edward Ferguson starred in high school basketball, dated a series of beautiful women and became a pioneer in California's burgeoning industry of Indian gaming. By age 40, he was raking in nearly $200,000 a year. His longtime friends described him as a charming, brilliant and handsome maverick who had a free-spending, adventurous lifestyle and a penchant for abstract art, luxury sports cars and travel.

A MEXICAN couple were recovering separately after a marital spat got out of control and saw them firing guns, throwing knives and hurling homemade bombs, Mexican daily Milenio said yesterday. In scenes taken straight out of hit romantic comedy Mr and Mrs. Smith starring Brad Pitt and Angelina Jolie, Juan Espinosa and Irma Contreras fought until their house blew up in a homemade gasoline bomb explosion, the paper said. Police called to the home in the indigenous Mayan Indian town of Oxkutzcab in the southeastern state of Yucatan arrested Mr Espinosa. Ms Contreras was taken to hospital with third-degree burns....

Healdsburg intruder ID'd as former employee The ninja-masked man shot to death Monday morning in a Healdsburg home was seeking revenge for being fired several years ago from a Southern California casino, police said Friday. David Edward Ferguson, 47, of San Diego had harbored ill will for six years and apparently stalked Lou Phillips for at least several months before going to his home, dressed in black and wearing a ninja mask. Healdsburg police plan to release details of their investigation at a news conference this afternoon. Ferguson was carrying bindings, tape, tarps, hot dogs and a blindfold when he...

HEALDSBURG -- An armed man wearing a black, ninja-style mask was shot to death by a Healdsburg man this morning after he attacked the man's wife outside their home and chased her inside, police said. The shooting happened about 7:30 a.m. at the end of Sunset Drive, a semi-rural street on the east side of town. The woman was about to take the couple's two Wheaton terrier dogs for a walk when the masked man jumped her outside her garage, police said. The woman struggled, broke away and ran screaming into the house, with the attacker in pursuit. Her screams...

NATIONWIDE knife amnesty to end the carnage on our streets was launched yesterday. The five-week initiative, running throughout the UK, is aimed at repeating the success of Operation Blade, which took thousands of weapons off the streets of Strathclyde in 1993. Justice Minister Cathy Jamieson yesterday vowed it would be just one of many measures to battle knife crime in Scotland. Victims of the scourge have included policeman Lewis Fulton, knifed through the heart in Glasgow in 1994 as he tried to arrest a teenage schizophrenic. Knives are becoming an increasing menace in the hands of young girls, too. Kirsty...

Email This Story Print This Story 'Ninja' Crawls Into Restaurant, Robs Workers A man wearing a ninja mask and dressed in black crawled into an Orange County, Fla., Steak 'n Shake restaurant early Wednesday and robbed several workers at knife-point, according to police. A man wearing a ninja mask and dressed in black crawls into an Orange County Steak and Shake restaurant and robbed the business, according to police. Investigators said the man was on his stomach when he entered the restaurant located at the 7700 block of south Orange Blossom Trail at about 2 a.m. Wednesday and surprised workers....

MAY 28--Turns out the Florida woman who is suing for the right to wear a Muslim headdress in a driver's license photograph has previously been subjected to an, um, unveiled government portrait. Following her 1997 conversion to Islam, Sultaana Freeman (formerly Sandra Keller) was arrested in Decatur, Illinois for battering a foster child. Freeman, 35, pleaded guilty in 1999 to felony aggravated battery and was sentenced to 18 months probation. As a result of the conviction, state officials removed two foster children from Freeman's care. The mug shot of the felonious Freeman (below left) was taken after her arrest in...