how to record audio from the internet into logic?

There's lots of applications out there that allow you to record the sound running on your Mac. Also, you could take a converted signal out of your Mac and loop it back into hardware, sure...

but why do an digital>analog>digital process when you can just hit a red button and grab whatever is going through your computer speakers?

I've used "Audio Hi-Jack" for some stuff. Works fine. It's easy. I wouldn't recommend, for a serious project, using audio that's been streamed over the internet --as it's highly compressed and nasty, but to each his own I guess.

You need to get a third party application such as TotalRecorder... there are others too, possibly some freeware ones... just google it. Logic doesn't do this for you in any straightforward way that I know.

Yes, I know how, I do it every day.
The patch:
Go into System preferences / Sound
Set the sound output to Line Out and the Sound In should be set to your sound in card.
Patch the Line out, computer, mono or stereo, to Line in on your sound card for Logic.
Method:
Select an Audio Track and start Rec. Highlight you internet window and press play.
It makes it easier if you can get both Logic Arrange window and your Browser window open on the screen at the same time.

I record talk back interviews and stuff like that. I also Capture video off youtube and TV Channels but I use SnapzPro instead.
With both Logic and SnapzPro you can capture or record anything from the net.

If you have a problem with this, come back with a post and I will try and explain it better but it is so simple.

David.

You can take the lines going to your monitors and plug them into your interface, assign tracks to the inputs, and just listen through your headphones. Too easy!

Walk me through this again...

Send me your AIM, and maybe we could screen share or something...

but when I click "out-put" I only see "Headphone Built In" no where do I see a line in or out???