Synopsis
In the last section of last issue the New Avengers went to confront Chemistro (Calvin Carr) who was making a mess of Times Square. But something made their powers fail, and now only non-superpowered Mockingbird is left to face the villain.
She defeats him with a little help from Captain America (Bucky Barnes)' shield and gun. She wrecks his alchemy gun and wrist blaster. Unfortunately she's then faced with Wrecker and his Wrecking Crew - villains who've gone toe-to-toe with Thor. Spider-Man recovers enough to trip them up with some webbing. But he can't stop Wrecker using his magic crowbar to whack Bobbi Morse out of the Square.
Thunderball uses his ball and chain to knock Spidey down again. Bulldozer and Piledriver throw a truck to persuade a SWAT team to back off. Luke Cage struggles to his feet and challenges Wrecker to stop him pawing unconscious Ms. Marvel (Carol Danvers). But Dirk Garthwaite realises Cage is having a heart attack and does his best to make it worse. Until Ronin (Clint Barton) attacks him from behind. (I don't know why Clint, who also has no actual superpower, was affected at all by the power drainer the villains used. But it explains why he's recovered so well.) However Wrecker easily disposes of him.
Spider-Woman (Jessica Drew) is here too but spends this issue just lying unconscious.
The villains weren't really after the Avengers anyway. They were just trying to attract the attention of Norman Osborn. Now they get it in the form of his most powerful of the Dark Avengers, the Sentry. Hovering Sentry's blast scatters them. But then he falls to the ground transformed into Bob Reynolds (but still in the now ill-fitting costume), who doesn't seem to know how he got here.
Then Osborn as Iron Patriot arrives with the rest of his DAv - he and Ms Marvel (Moonstone) flying, Spider-Man (Venom) by webline, and Ares, Daken and Hawkeye (Bullseye) on flying discs. Ares tells his teammates to hold back while Osborn negotiates with villains who are supposed to be working for his Cabal member Hood.
The negotiation takes a surprising turn as Jonas Harrow hacks into IP's armour to talk to him. After buttering Osborn up, Harrow explains that he now has the power to negate superpowers, and he wants to renegotiate the deal he believes Hood had with Norman. Normie wants to talk to Parker Robbins, but Jonas reminds him how Hood lost his demonic power in #54. He doesn't know where Hood is now ...
... but we find him with Madame Masque and the female Loki in Cuba. (Loki reverted from female to a male body in Thor #602, but the Marvel Chronology Project has to have him still appearing female in some later issues. But then he can look like whatever he wants, and Hood only knows him as female.) Loki has brought Hood here for the replacement power she promised him in #54, and has graciously allowed his lover Whitney Frost to tag along.
She leads them to a church and a box 'guarded' by a skeleton. Parker opens it and finds inside the Asgardian Norn Stones. Loki explains that when the Asgardians were scattered across the Earth after Ragnarok (the end of the 1998 Thor series), other Asgardian stuff was scattered too - and this is where the Stones ended up. She says they will give Hood whatever power he wants.
Back in Times Square Jonas Harrow has made his deal clear. If Osborn will deal with *him* rather than Hood he will give Norman the tech that has enabled him to depower the New Avengers while leaving his own men unaffected. But NO turns him down, so Jonas thinks he needs another demonstration. He takes the Dark Avengers' powers away and uses his hacking abilities to strip Osborn of his Iron Patriot armour. And Norman finds himself facing a much bigger contingent of Hood's old gang.
The extra villains at the end here are recognisably:-
Armadillo, a Blood Brother, both Brothers Grimm (Percy Grimes must have recovered from his mauling by Tigra in Initiative #26), Crossfire, Cutthroat, Deathwatch, Mandrill, Mentallo, Mr Hyde, Razor-Fist, Scarecrow and Tiger Shark.
There seems to be unanimous agreement that 3 of the background figures are Blackout of the Lilin, Dr Demonicus and Slug. Suggestions for other such figures are Corruptor and Jigsaw. These identifications are supported by clearer views in other apps of Hood's gang.