Government Corruption Media Articles

Excerpts of Key Government Corruption Media Articles in Major Media

Below are key excerpts of revealing news articles on government corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

Dr. Anthony Fauci is rewriting history. He is doing so to disguise his shameful role in delaying promotion of an AIDS treatment that would have prevented tens of thousands of deaths in the first years of the epidemic. In my book, Body Counts, A Memoir of Politics, Sex, AIDS, and Survival, I recount how slow the federal government was in publicizing the use of Bactrim and other sulfa drugs to prevent PCP (the pneumonia that was then the leading killer of people with AIDS). Had Fauci listened to people with AIDS and the clinicians treating them, and responded accordingly, he would have saved thousands of lives. Between 1987, when [AIDS activist Michael] Callen met with Fauci and 1989, when the guidelines were ultimately issued, nearly 17,000 people with AIDS suffocated from PCP. Most of these people might have lived had Fauci responded appropriately. Callen and others ... met with Fauci to plead for his support. They explained that many frontline AIDS physicians, following the lead of Dr. Joseph Sonnabend, were already using Bactrim effectively to prevent the recurrence of PCP. The science was clear. Fauci refused to acknowledge the evidence and, according to one account, even encouraged people with AIDS to stop taking treatments, like Bactrim. Treatment activist Richard Jefferys wrote in 2001 that Fauci "went as far as telling activists attending a 1987 meeting that there was no data to suggest PCP prophylaxis was beneficial and that it may, in fact be dangerous."

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health from reliable major media sources.

The US Federal Reserve knew about Libor rigging three years before the financial scandal exploded but did not take any firm action, documents have revealed. According to newly published transcripts of the central bank’s meetings in the run-up to and immediate aftermath of the collapse of Lehman Brothers, a senior Fed official first flagged the issue at a policy meeting in April 2008. William Dudley expressed fears that banks were being dishonest in the way they were calculating the London interbank offered rate – a global benchmark interest rate used as the basis for trillions of pounds of loans and financial contracts. Three years after his remarks, it emerged that traders at more than a dozen banks, including Lloyds, Royal Bank of Scotland and Barclays, had routinely been trying to fix the official Libor rate in order to boost their own bonuses and profits. The transcript of the Fed’s April 2008 meeting raises questions about why the central bank did not move to properly tackle the scandal. There was no official regulator for Libor at the time, and officials at the US Federal Reserve tried to blame British authorities for allowing the benchmark interest rate to get out of control in the first place. The Fed declined to comment on the transcripts or why it had not taken firm action..

Note: For more on government collusion with the biggest banks, see the deeply revealing reports from reliable major media sources available here.

A federal judge in Newark has thrown out a lawsuit against the New York Police Department for spying on New Jersey Muslims, saying if anyone was at fault, it was the Associated Press for telling people about it. In his ruling ... U.S. District Court Judge William J. Martini simultaneously demonstrated the willingness of the judiciary to give law enforcement alarming latitude in the name of fighting terror, greenlighted the targeting of Muslims based solely on their religious beliefs, and blamed the media for upsetting people by telling them what their government was doing. The NYPD’s clandestine spying on daily life in Muslim communities in the region — with no probable cause, and nothing to show for it — was exposed in a Pulitzer-Prize winning series of stories by the AP. The stories described infiltration and surveillance of at least 20 mosques, 14 restaurants, 11 retail stores, two grade schools, and two Muslim student associations in New Jersey alone. In a cursory, 10-page ruling issued before even hearing oral arguments, Martini essentially said that what the targets didn’t know didn’t hurt them: "None of the Plaintiffs’ injuries arose until after the Associated Press released unredacted, confidential NYPD documents and articles expressing its own interpretation of those documents. Nowhere in the Complaint do Plaintiffs allege that they suffered harm prior to the unauthorized release of the documents by the Associated Press. This confirms that Plaintiffs’ alleged injuries flow from the Associated Press’s unauthorized disclosure of the documents. The harms are not “fairly traceable” to any act of surveillance."

Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.

An Indiana University faculty member has sued two U.S. customs agents for detaining her after the government eavesdropped on emails she exchanged with a Greek friend. The American Civil Liberties Union of Indiana filed a federal lawsuit [on February 19] alleging the customs agents violated Christine Von Der Haar’s constitutional protection against unreasonable searches and seizures. “This case raises troubling issues about the power of the government to detain and question citizens,” said Ken Falk, the ACLU of Indiana legal director who represents Von Der Haar. The lawsuit alleges Von Der Haar, a senior lecturer in the sociology department at Indiana University in Bloomington, was confined in a guarded room at Indianapolis International Airport for more than 20 minutes on June 8, 2012, while she was questioned about her relationship with her friend. The lawsuit alleges the questioning was based on surreptitious monitoring of communications between Von Der Haar and her friend, Dimitris Papatheodoropoulus. The two “communicated frequently through emails. Some of these emails were flirtatious and romantic in nature,” the lawsuit said. Von Der Haar felt she had no choice but to answer questions from the agents, whom she believed to be armed, and did not believe she could leave until they released her, the lawsuit said. “The detention of Dr. Von Der Haar was without cause or justification,” the complaint said, and “caused her anxiety, concern, distress and other damages.” The lawsuit names the two customs agents as defendants and seeks damages.

Note: For more on government abuses of civil liberties, see the deeply revealing reports from reliable major media sources available here.

One person's freedom fighter may be another's terrorist, but David Miranda is very clearly neither. Yet he was detained at Heathrow airport for nine hours under schedule 7 of the Terrorism Act 2000. That the high court has now found his detention to be lawful is disappointing, to say the least. If someone travelling as part of journalistic work can be lawfully detained like this – questioned for hours without a lawyer present, his electronic equipment confiscated and cloned and all without the merest suspicion of wrongdoing required – then clearly something has gone wrong with the law. Schedule 7 suffers the same glaring flaws as the old section 44 counter-terrorism power that also allowed stop and search without suspicion. Such laws leave themselves wide open to discriminatory misuse: section 44 never once led to a terrorism conviction but was used to stop people like journalist Pennie Quinton. In a significant victory, Liberty took her case to the European court of human rights and the power was declared unlawful. Liberty and other organisations intervened in [Miranda's] case on just this point, arguing that the detention violated article 10 of the European convention, the right to freedom of expression. Our riled security services' transparent intimidation and interference with Miranda is shocking. But it's also important that we use his case to shed light on the murky everyday reality of schedule 7.

Note: For more on threats to civil liberties, see the deeply revealing reports from reliable major media sources available here.

A journalist filed a lawsuit [on February 18] alleging that Hartford [Connecticut] police officers violated his free-speech rights by questioning his use of a remote-controlled aircraft to record images of a car wreck. Pedro Rivera['s] complaint says that officers demanded that Rivera stop flying the remote-controlled aircraft, asked him to leave the area and told his employer that he had interfered with a police investigation. "I told them I was there on my personal time," said Rivera, who was suspended for a week from his on-call job with a Connecticut television station. "They went to my employer and caused a lot of problems for me and my job." The lawsuit ... seeks damages for Rivera but also asks the court to declare that he did not break any laws by operating the 2 1/2-pound, four-rotor aircraft above the scene of the fatal Feb. 1 wreck. It says that Rivera made clear he was not working for the television station, WFSB-TV, although he acknowledged that he occasionally sent the video feed from his drone to the station. "The suit is as much about trying to make sure police officers don't legislate from the beat as it is about getting a court to weigh in and say what the standards are," said Norm Pattis, the attorney for Rivera. Rivera, 29, of Hartford, argues in the lawsuit that police violated his First Amendment right to free expression as well as his Fourth Amendment right to be free from unreasonable seizures.

Note: This could be a key case which determines who has the right to use drones. Do we really want only the military and government to have the right to use them?

The list of those caught up in the global surveillance net cast by the National Security Agency and its overseas partners, from social media users to foreign heads of state, now includes another entry: US lawyers. A top-secret document, obtained by former NSA contractor Edward J. Snowden, shows that a US law firm was monitored while representing a foreign government in trade disputes with the United States. The disclosure offers a rare glimpse of a specific instance of Americans ensnared by the eavesdroppers and is of particular interest because US lawyers with clients overseas have expressed growing concern that their confidential communications could be compromised by such surveillance. The government of Indonesia had retained the law firm for help in trade talks, according to the February 2013 document. The NSA’s Australian counterpart, the Australian Signals Directorate, notified the agency that it was conducting surveillance of the talks, including communications between Indonesian officials and the US law firm, and offered to share information. The NSA is banned from targeting Americans, including businesses, law firms, and other organizations based in the United States, for surveillance without warrants, and intelligence officials have repeatedly said the NSA does not use spy services of its partners in the so-called Five Eyes alliance — Australia, Britain, Canada, and New Zealand — to skirt the law. The Australians told officials at an NSA liaison office in Canberra, that “information covered by attorney-client privilege may be included” in the intelligence gathering. Most attorney-client conversations do not get special protections under US law from NSA eavesdropping.

Note: For more on intense deception perpetrated by the intelligence community, see the deeply revealing reports from reliable major media sources available here.

At a motel in the town of Hirono, just outside a restricted zone in Fukushima Prefecture, [the] residents were all men, all apparently working on the cleanup of the Fukushima Dai-ichi nuclear plant, where three reactors melted down and a fourth caught on fire after a quake and tsunami in 2011. The plant's operator is mostly using subcontractors to supply labor, which drives down the pay and tends to leave the poorest workers living in crowded dormitories. Workers and labor activists say that Tokyo Electric Power Company, or TEPCO, is subcontracting the work out to avoid taking direct responsibility — financial and otherwise — for the dangers the workers face each day at the plant. Recent days and weeks have brought embarrassing news for Tepco, including that levels of radioactive strontium in wells in the plant were reported months late, and were 10 times lower than the actual amount. TEPCO says it was a measurement error. Some critics say that TEPCO can't be trusted and that the world's largest nuclear accident is still waiting to happen at Fukushima, such as an accidental nuclear reaction that releases large amounts of harmful radiation into the air. TEPCO dismisses predictions like this as alarmist. Japanese themselves are highly divided on the issue, just as they are about whether or not their country should continue to rely on nuclear power, which previously supplied up to a third of their electricity. One thing that seems certain is that the work of cleaning up and shutting down the Fukushima Daiichi nuclear plant will go on for a long time. TEPCO predicts it could last 30 or 40 years. Others say that estimate is blindly optimistic.

Note: Why is this critical news getting so little coverage? For more on deception and corruption around nuclear power, see the deeply revealing reports from reliable major media sources available here.

The deal was announced quietly, just before the holidays. The U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. They issued a fine $1.9 billion, or about five weeks' profit but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses. For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico's Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years. The bank also ... aided countless common tax cheats in hiding their cash. That nobody from the bank went to jail or paid a dollar in individual fines is nothing new in this era of financial crisis. What is different about this settlement is that the Justice Department, for the first time, admitted why it decided to go soft on this particular kind of criminal. It was worried that anything more than a wrist slap for HSBC might undermine the world economy. "Had the U.S. authorities decided to press criminal charges," said Assistant Attorney General Lanny Breuer at a press conference to announce the settlement, "HSBC would almost certainly have lost its banking license in the U.S., the future of the institution would have been under threat and the entire banking system would have been destabilized."

Note: For more on the collusion of government with the biggest, most corrupt banks, see the deeply revealing reports from reliable major media sources available here.

The Philippine government has recovered more than $29 million from the Swiss accounts of late dictator Ferdinand Marcos and is still searching for more of his hidden wealth 28 years after he was toppled. The money, recovered over the last week, is part of the more than $712 million from Marcos' secret Swiss accounts now in government hands. The government won ownership of the funds after several years of litigation in Singapore courts over claims by victims of human rights violations under Marcos' rule and private foundations representing the Marcoses. Authorities have already recovered more than $4 billion from an estimated $5 billion to $10 billion amassed by the Marcoses during the dictator's 20-year rule. The Supreme Court ruled in 2003 that the Marcoses wealth in excess of their total legal income of around $304,000 from 1965 to 1986 was presumed to be ill-gotten. Marcos died in exile in Hawaii in 1989 without admitting any wrongdoing during his presidency. Imelda Marcos is a member of the House of Representatives. Her eldest child, daughter Imee, is governor of their northern home province of Ilocos Norte, while her son, Ferdinand Jr., is a senator. Her other daughter, Irene, has kept away from politics.

Note: This article fails to mention that Marcos was considered a strong ally and propped up by the US, which supported his strong-arm rule with financial support. For more on government corruption, see the deeply revealing reports from reliable major media sources available here.

Less than two weeks after the 2011 raid that killed Osama bin Laden, a top Pentagon official ordered all photos of bin Laden's corpse be destroyed or turned over to the CIA. In an e-mail dated May 13, 2011, Adm. William McRaven, the U.S. Special Operations commander, wrote: "One particular item that I want to emphasize is photos; particularly UBLs remains. At this point — all photos should have been turned over to the CIA; if you still have them destroy them immediately or get them to the (redacted)." Shortly after the raid in Pakistan, President Obama said he would not authorize the release of any images of the al-Qaeda leader's body. Days before the order to destroy the photos, watchdog group Judicial Watch and the Associated Press had separately filed a Freedom of Information Act request for photos, videos and documents regarding bin Laden during the raid. Typically, when a Freedom of Information Act request is filed to a government agency under the Federal Records Act, the agency is obliged to preserve the material sought — even if the agency later denies the request.

Note: Why would a top military commander order all photos of bin Laden's dead body destroyed? Why would Obama prevent the release of any images of the body? For powerful evidence that the dead body was not, in fact, bin Laden's, click here and here. For other solid evidence that the official story of 9/11 is riddles with holes, see our 9/11 Information Center available here.

It's 1999, the tail end of the Clinton years. Most observers on the Hill thought the Financial Services Modernization Act of 1999 – also known as the Gramm-Leach-Bliley Act – was just the latest and boldest in a long line of deregulatory handouts to Wall Street that had begun in the Reagan years. Wall Street had spent much of that era arguing that America's banks needed to become bigger and badder, in order to compete globally with the German and Japanese-style financial giants. Bank lobbyists were pushing a new law designed to wipe out 60-plus years of bedrock financial regulation. The key was repealing – or "modifying," as bill proponents put it – the famed Glass-Steagall Act separating bankers and broker. Now, commercial banks would be allowed to merge with investment banks and insurance companies, creating financial megafirms potentially far more powerful than had ever existed in America. The [bill] additionally legalized new forms of monopoly, allowing banks to merge with heavy industry. A tiny provision in the bill also permitted commercial banks to delve into any activity that is "complementary to a financial activity and does not pose a substantial risk to the safety or soundness of depository institutions or the financial system generally." Today, banks like Morgan Stanley, JPMorgan Chase and Goldman Sachs own oil tankers, run airports and control huge quantities of coal, natural gas, heating oil, electric power and precious metals. They likewise can now be found exerting direct control over the supply of a whole galaxy of raw materials crucial to world industry and to society in general, including everything from food products to metals like zinc, copper, tin, nickel and ... aluminum.

Note: For more on government collusion with the biggest banks, see the deeply revealing reports from reliable major media sources available here.

The United States did not live up to the promise of the First Amendment last year, “far from it,” sinking to 46th in global press freedom rankings, a respected international nonprofit group said. The U.S. plummeted 13 slots to 46th overall “amid increased efforts to track down whistle-blowers and the sources of leaks,” Reporters Without Borders warned in an annual report. “The trial and conviction of Private Bradley Manning and the pursuit of NSA analyst Edward Snowden were warnings to all those thinking of assisting in the disclosure of sensitive information that would clearly be in the public interest,” the organization said. The group ... also cited the Department of Justice’s seizure of Associated Press telephone records and a court’s pressure on New York Times reporter James Risen to testify against a CIA staffer accused of leaking classified information. “The whistle-blower is clearly the enemy in the U.S.,” Delphine Halgand, who heads the RSF outpost in Washington, told Yahoo News. “Eight whistle-blowers have been charged under the Obama administration, the highest number of any administration, of all other administrations combined.” Overall, RSF said in its report, “countries that pride themselves on being democracies and respecting the rule of law have not set an example, far from it.” “Freedom of information is too often sacrificed to an overly broad and abusive interpretation of national security needs, marking a disturbing retreat from democratic practices. Investigative journalism often suffers as a result,” the group said.

Note: As if to underscore the sad state of US press freedom, we couldn't find any major media who reported this sad news, other than a Washington Post blog at this link, which simply downplays the news and tries to explain it away. To read how the media censors some of the biggest stories never reported, click here.

In the years after the end of WWII, CIA and US intelligence operatives tested LSD and other interrogation techniques on captured Soviet spies—all with the help of former Nazi doctors. It was 1946. The Joint Chiefs of Staff were preparing for ‘total war’ with the Soviets. They even set an estimated start date of 1952. U.S. military officers had been capturing and then hiring Hitler’s weapons makers in a Top Secret program that would become known as Operation Paperclip. Soon, more than 1,600 of these men and their families would be living the American dream, right here in the United States. In 1948, Operation Paperclip’s Brigadier General Charles E. Loucks ... was working with Hitler’s former chemists when one of the scientists [shared] information about a drug with military potential ... LSD. Documents obtained through the Freedom of Information Act (FOIA) reveal that the U.S. developed its post-war enhanced interrogation techniques ... under the CIA code name Operation Bluebird. The CIA teamed up with the Army Chemical Corps at Camp Detrick, in Maryland, to conduct further research and development on the chemistry of mind-altering drugs. One [Detrick agent was] Dr. Frank Olson, a former army officer and bacteriologist turned agency operative whose sudden demise—by covert LSD poisoning—in 1953 would nearly bring down the CIA. In one of the rare, surviving official documents from the program, Deputy Director of Central Intelligence Allen Dulles sent a secret memo to Richard Helms: “In our conversation of 9 February 1951, I outlined to you the possibilities of augmenting the usual interrogation methods by the use of drugs, hypnosis, shock, etc., and emphasized the defensive aspects as well as the offensive opportunities.”

Note: To read excerpts from incredibly revealing declassified CIA documents on these programs, click here. For more on secret government mind control programs which have had a powerful hidden influence on global politics, see our Mind Control Information Center available here.

The National Security Agency is using complex analysis of electronic surveillance, rather than human intelligence, as the primary method to locate targets for lethal drone strikes – an unreliable tactic that results in the deaths of innocent or unidentified people. According to a former drone operator for the military’s Joint Special Operations Command (JSOC) who also worked with the NSA, the agency often identifies targets based on controversial metadata analysis and cell-phone tracking technologies. Rather than confirming a target’s identity with operatives or informants on the ground, the CIA or the U.S. military then orders a strike based on the activity and location of the mobile phone. The former JSOC drone operator ... states that innocent people have “absolutely” been killed as a result. Some top Taliban leaders, knowing of the NSA’s targeting method, have purposely and randomly distributed SIM cards among their units in order to elude their trackers. As a result, even when the agency correctly identifies and targets a SIM card belonging to a terror suspect, the phone may actually be carried by someone else, who is then killed in a strike. The Obama administration has repeatedly insisted that its operations kill terrorists with the utmost precision. Within the NSA ... a motto quickly caught on at Geo Cell: ‘We Track ’Em, You Whack ’Em.’” In December 2009, utilizing the NSA’s metadata collection programs, the Obama administration dramatically escalated U.S. drone and cruise missile strikes in Yemen. The first strike in the country known to be authorized by Obama targeted an alleged Al Qaeda camp in the southern village of al-Majala. The strike, which included the use of cluster bombs, resulted in the deaths of 14 women and 21 children.

Note: For an in-depth interview on this important topic, click here. Would anyone in a developed country tolerate their citizens being killed by the drones of a foreign government? Note also that The Intercept is the new media source being funded by Pierre Omidyar and featuring Glenn Greenwald and other top reporters known for the their independence.

British spies have developed "dirty tricks" ... that include releasing computer viruses, spying on journalists and diplomats, jamming phones and computers, and using sex to lure targets into "honey traps." Documents taken from the National Security Agency by Edward Snowden ... describe techniques developed by a secret British spy unit called the Joint Threat Research and Intelligence Group (JTRIG). According to the documents ... the agency's goal was to "destroy, deny, degrade [and] disrupt" enemies by "discrediting" them, planting misinformation and shutting down their communications. The propaganda campaigns use deception, mass messaging and "pushing stories" via Twitter, Flickr, Facebook and YouTube. JTRIG also uses "false flag" operations, in which British agents carry out online actions that are designed to look like they were performed by one of Britain's adversaries. Other documents ... show that JTRIG ... used a DDOS attack to shut down Internet chat rooms used by members of the hacktivist group known as Anonymous. A computer virus called Ambassadors Reception was "used in a variety of different areas" and was "very effective." When sent to adversaries ... the virus will "encrypt itself, delete all emails ... and block the computer user from logging on. Spies have long used sexual "honey traps" to snare, blackmail and influence targets. Most often, a male target is led to believe he has an opportunity for a romantic relationship or a sexual liaison with a woman, only to find that the woman is actually an intelligence operative.

Note: You can read the documents released by Snowden at this link and this one. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.

The Bank of England has been dragged into the mounting controversy over allegations of price fixing in the Ł3tn-a-day foreign exchange markets after it emerged that a group of traders had told the Bank they were exchanging information about their clients' position. The latest twist in the unfolding saga ... puts the focus on a meeting between key officials at the central bank and leading foreign exchange dealers in April 2012, when they discussed the way they handled trades ahead of the crucial setting of a benchmark in the prices of major currencies. This benchmark is used to price a wide variety of financial products and is the subject of regulators' attention amid allegations that traders at rival banks were sharing information about their orders from clients to manipulate the price. The Bank of England has previously released brief details of the April 2012 meeting, but Bloomberg reported that a senior trader who attended the meeting had made notes showing that officials did not believe it was improper to share customer orders. There had been a 15-minute conversation on currency benchmarks during which traders said they used chatrooms ... to trade ahead of the volatile period when the benchmarks were set. The Bank would not provide any additional information. Martin Wheatley, chief executive of the FCA, told MPs on the Treasury select committee ... that the allegations were "every bit as bad" as those surrounding Libor. The chairman of that committee ... said the allegations were "extremely serious". The scrutiny of the foreign exchange markets has put a fresh focus on dealers leaving banks. More than 20 traders at banks around the world are said to have been suspended or left roles in connection with the forex investigations.

Note: For more on huge financial manipulations and corruption, see the deeply revealing reports from reliable major media sources available here.

James Clapper is very worried. It's not the first time. Last week the man who serves as America's Director of National Intelligence [told] assembled members of the Senate Select Intelligence Committee that the annual worldwide threat assessment ... has filled him with dread. Last year he appeared before Congress for a similar purpose. He was very, very concerned then too. [And the same] in 2012. Of course, one must consider the possibility that over the past five decades the world has never been as dangerous, complex and challenging as it's been over the past three years, [even though the] whole "threat of nuclear holocaust" ... defined much of the 60s, 70s and 80s. Clapper's alarmist tone is hardly matched by the threats he cites. Significantly more Americans die each year from falling furniture [than from terrorist acts]. To listen to Clapper and others in the intelligence community one might never know that inter-state war has largely disappeared and that wars in general are in the midst of a multi-decade decline. 2013 was a landmark year for non-proliferation with important progress made in slowing down Iran's nuclear aspirations and enforcing the norm on chemical weapons usage. There are real threats to the US, but Clapper should be able to talk about them in sober, evidence-based, non-hysterical terms. It's almost as if Clapper and the intelligence community that he helms are playing up foreign threats in order to justify bloated post-9/11 budgets. [Remember that] he allegedly lied to Congress over the extent to which the National Security Agency was collecting phone and e-mail records of individual Americans. [Sadly,] threat mongering and exaggeration is the norm rather than the exception.

Note: For a dramatic BBC documentary showing how many politicians literally promote fear for their own self benefit, watch Power of Nightmares at this link. For more on intense deception perpetrated by the intelligence community, see the deeply revealing reports from reliable major media sources available here.

New York state’s top financial regulator has demanded documents from more than a dozen banks including Barclays, Deutsche, Goldman Sachs and RBS as a probe widened into trading practices in the $5.3tn-a-day global foreign exchange markets. Benjamin Lawsky, New York's financial services superintendent, made the move following the banks’ decision to fire or suspend at least 20 traders following reports that employees at some firms had shared information about their currency positions with counterparts at other companies. Lawsky’s move marks the latest escalation in a global investigation by regulators into the manipulation of benchmark rates. The currency probe comes as regulators are still investigating the manipulation of the Libor lending rate by traders at some of the world’s biggest banks. The Wall Street Journal reported that Goldman Sachs’ Steven Cho, formerly global head of spot and forward foreign exchange trading for major currencies, was retiring from the bank. His departure came a day after Citigroup announced that Anil Prasad, its global head of foreign exchange, was leaving the company. It is not know if his retirement is in any way linked to any investigation. Prasad’s exit comes a month after Rohan Ramchandani, formerly Citi’s head of European spot foreign exchange trading, was fired. Ramchandani had been a member of the Bank of England’s foreign exchange joint standing committee.

Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.

From 10,000 feet up, tracking an entire city at one glance: Ohio-based Persistent Surveillance Systems is trying to convince cities across the country that its surveillance technology can help reduce crime. Its new generation of camera technology is far more powerful than the police cameras to which America has grown accustomed. But these newer cameras have sparked some privacy concerns. A new, far more powerful generation is being quietly deployed [from small aircraft] that can track every vehicle and person across an area the size of a small city, for several hours at a time. Although these cameras can’t read license plates or see faces, they provide such a wealth of data that police, businesses and even private individuals can use them to help identify people and track their movements. Already, the cameras have been flown above major public events such as the Ohio political rally where Sen. John McCain named Sarah Palin as his running mate in 2008. They’ve been flown above Baltimore; Philadelphia; Compton, Calif.; and Dayton [OH] in demonstrations for police. They’ve also been used for traffic impact studies, [and] for security at NASCAR races. Defense contractors are developing similar technology for the military, but its potential for civilian use is raising novel civil liberties concerns. In Dayton, where Persistent Surveillance Systems is based, city officials balked last year when police considered paying for 200 hours of flights, in part because of privacy complaints. The Supreme Court generally has given wide latitude to police using aerial surveillance as long as the photography captures images visible to the naked eye.

Note: For more on surveillance by government agencies and corporations, see the deeply revealing reports from reliable major media sources available here.

Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.