Government Corruption Media ArticlesExcerpts of Key Government Corruption Media Articles in Major Media
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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.
Three top executives of MF Global Holdings Ltd. when it collapsed could get bonuses of as much as several hundred thousand dollars each under a plan by a trustee overseeing the securities firm's bankruptcy case. Louis Freeh, the former Federal Bureau of Investigation director now in charge of unwinding what is left of the New York company, is expected to ask a bankruptcy-court judge as soon as this month to approve performance-related payouts for the chief operating officer, finance chief and general counsel at MF Global. Under the expected pay plan, the three executives and as many as 20 other MF Global employees working for Mr. Freeh would get the bonuses only if they hit specified targets such as increasing the value of MF Global's estate for creditors. The bonus plan could face fierce resistance. One reason: Criminal and civil investigators are scrutinizing the role of top executives and others at MF Global in money transfers that resulted in a $1.6 billion shortfall in customer accounts. So far, many hedge funds, farmers and other investors who bought and sold through MF Global have gotten about 72 cents out of every $1 held by the firm when it collapsed. Hopes for additional recoveries have dimmed as the probe grinds on. Neal Wolkoff, a former executive at the New York Mercantile Exchange who now works as a consultant, said it "is shocking" that Messrs. Abelow and Steenkamp still work at MF Global and could earn bonuses "because it represents a conflict of interest."
Note: For an abundance of major media articles revealing major financial manipulations, click here.
The Vatican has for the first time appeared on the U.S. State Department’s list of money-laundering centres. It was added to the list because it was considered vulnerable to money-laundering. “To be considered a jurisdiction of concern merely indicates that there is a vulnerability to a financial system by money launderers. With the large volumes of international currency that goes through the Holy See, it is a system that makes it vulnerable as a potential money-laundering center,” Susan Pittman of the State Department’s Bureau of International Narcotics and Law Enforcement, told Reuters. The Vatican Bank, founded in 1942 by Pope Pius XII, has been in the spotlight since September 2010 when Italian investigators froze 23 million euros ($33 million) in funds in Italian banks after opening an investigation into possible money-laundering. The bank said it did nothing wrong and was just transferring funds between its own accounts. The money was released in June 2011 but the investigation is continuing. Two months ago, Italian newspapers published leaked internal letters which appeared to show a conflict among top Vatican officials about just how transparent the bank should be about dealings that took place before it enacted its new laws. The Vatican Bank was formally known as the Institute for Works of Religion (IOR) and was entangled in the collapse 30 years ago of Banco Ambrosiano, with its lurid allegations about money-laundering, freemasons, mafiosi and the mysterious death of Ambrosiano chairman Roberto Calvi - “God’s banker”.
Note: For more on the Vatican money-laundering scandal, click here. For speculation on the role of secret societies in all of this, click here.
Attorney General Eric Holder thinks it's legal to kill American terrorism suspects overseas without any judicial review or public notice. It's an astonishing claim to make and a shameful stand for the Obama administration, which came to office pledging to curb such constitutionally shaky excesses. In a speech, Holder essentially offer the "trust us" argument in defense of targeted killings. The guidelines are murky: The military will compile a list of dangerous terrorists including U.S. citizens, hunt them down, and if the host country can't or won't catch the suspect, then the United States will. The example at issue is last year's drone attack that killed Anwar al-Awlaki, a New Mexico-born al Qaeda leader. Under Holder's ground rules there is no outside review, court deliberation or explanation of how a suspect makes the kill list. For those critics concerned about oversight or legal caution, he offered this observation: " 'Due process' and 'judicial process' are not one and the same, particularly when it comes to national security. The Constitution guarantees due process, not judicial process." Holder didn't cite an in-house legal opinion used to justify the policy, which he's refused to release and is the subject of a civil liberties lawsuit. Obama still hasn't closed the Guantanamo Bay gulag as promised. Now he's shielding targeted killings from genuine review. This presidential subversion of rule of law was unacceptable under George W. Bush, and it is unacceptable under Barack Obama.
Note: Attorney General Holder's claim that US citizens can be killed by the government without judicial process clearly violates the U.S. Bill of Rights. In addition to the Fifth Amendment that states that no person shall be held to answer for a crime "without due process of law," the Sixth Amendment states that "the accused shall enjoy the right to a speedy and public trial."
The U.S. government is legally justified in killing its own citizens overseas if they are involved in plotting terror attacks against America, Attorney General Eric Holder said [on March 5], offering the Obama administration's most detailed explanation so far of its controversial targeted killing program. The Fifth Amendment provides that no one can be "deprived of life" without due process of law. But that due process, Holder said, doesn't necessarily come from a court. "Due process and judicial process are not one and the same, particularly when it comes to national security. The Constitution guarantees due process, not judicial process," the attorney general said. The ACLU called Holder's explanation "a defense of the government’s chillingly broad claimed authority to conduct targeted killings of civilians, including American citizens, far from any battlefield without judicial review or public scrutiny." "Few things are as dangerous to American liberty as the proposition that the government should be able to kill citizens anywhere in the world on the basis of legal standards and evidence that are never submitted to a court, either before or after the fact," said Hina Shamsi, director of the ACLU’s National Security Project. "Anyone willing to trust President Obama with the power to secretly declare an American citizen an enemy of the state and order his extrajudicial killing should ask whether they would be willing to trust the next president with that dangerous power,” she said. The ACLU is suing the Obama administration, seeking to have documents regarding the targeted killing program made public.
Note: Attorney General Holder's claim that US citizens can be killed by the government without judicial process clearly violates the U.S. Bill of Rights. In addition to the Fifth Amendment that states that no person shall be held to answer for a crime "without due process of law," the Sixth Amendment states that "the accused shall enjoy the right to a speedy and public trial."
There is a simple reason health care in the United States costs more than it does anywhere else: The prices are higher. In 2009, Americans spent $7,960 per person on health care. Our neighbors in Canada spent $4,808. The Germans spent $4,218. The French, $3,978. If we had the per-person costs of any of those countries, America’s deficits would vanish. There are many possible explanations for why Americans pay so much more. It could be that we’re sicker. Or that we go to the doctor more frequently. But health researchers have largely discarded these theories. Americans don’t see the doctor more often or stay longer in the hospital than residents of other countries. Quite the opposite, actually. We spend less time in the hospital than Germans and see the doctor less often than the Canadians. The International Federation of Health Plans ... surveyed its members on the prices paid for 23 medical services and products in different countries, asking after everything from a routine doctor’s visit to a dose of Lipitor to coronary bypass surgery. And in 22 of 23 cases, Americans are paying higher prices than residents of other developed countries. Usually, we’re paying quite a bit more. In America, ... it’s a free-for-all. Providers largely charge what they can get away with, often offering different prices to different insurers, and an even higher price to the uninsured.
Note: And why are the prices higher in the U.S.? Could it be that the U.S. is the only developed nation that doesn't have nationalized health care, so that profit is no longer a motive in caring for people's health? For deeply revealing reports from reliable major media sources on corruption in the medical industry, click here.
Japan's prime minister acknowledged Saturday the government failed in its response to last year's earthquake and tsunami, being too slow in relaying key information and believing too much in "a myth of safety" about nuclear power. "We can no longer make the excuse that what was unpredictable and outside our imagination has happened," Prime Minister Yoshihiko Noda said. "Crisis management requires us to imagine what may be outside our imagination." Noda was speaking to reporters at his official residence ahead of the anniversary of the March 11 disaster that killed nearly 20,000 people in northeastern Japan and set off the worst nuclear crisis since Chernobyl. The phrase "soteigai," or "outside our imagination," was used repeatedly by Tokyo Electric Power Co., the utility that ran the plant, as the reason why it was not prepared for the giant tsunami that hit after the magnitude-9.0 quake. Although some scholars had warned about such tsunami risks, both the utility and regulators did little and kept backup generators in basements where they could be flooded. Japan has also drawn criticism as having been slow with information about the meltdowns and about radiation leaks into the air and the ocean. "We can say in hindsight that the government, business and scholars had all been seeped in a myth of safety," Noda said of the oversights in the accident. "The responsibility must be shared."
Note: For lots more from reliable sources on the corruption in the nuclear power industry, click here.
For more than a decade, questions have lingered about the possible role of the Saudi government in the attacks on Sept. 11, 2001, even as the royal kingdom has made itself a crucial counterterrorism partner in the eyes of American diplomats. Now, in sworn statements that seem likely to reignite the debate, two former senators who were privy to top secret information on the Saudis' activities say they believe that the Saudi government might have played a direct role in the terrorist attacks. "I am convinced that there was a direct line between at least some of the terrorists who carried out the September 11th attacks and the government of Saudi Arabia," former Senator Bob Graham, Democrat of Florida, said in an affidavit filed as part of a lawsuit brought against the Saudi government and dozens of institutions in the country by families of Sept. 11 victims and others. Mr. Graham led a joint 2002 Congressional inquiry into the attacks. His former Senate colleague, Bob Kerrey of Nebraska, a Democrat who served on the separate 9/11 Commission, said in a sworn affidavit of his own in the case that "significant questions remain unanswered" about the role of Saudi institutions. "Evidence relating to the plausible involvement of possible Saudi government agents in the September 11th attacks has never been fully pursued," Mr. Kerrey said. Their affidavits ... are part of a multibillion-dollar lawsuit that has wound its way through federal courts since 2002.
Note: Much evidence exists implicating not only Saudi Arabia, but also Pakistan, Israel and the UK in the 9/11 attacks. Could the purpose behind these high-profile claims from former US senators be to create a "limited hangout" to deflect attention from the real perpetrators, traitors in high positions within the US government? As WantToKnow team member Prof. David Ray Griffin has exhaustively demonstrated, almost all of the evidence for "Islamic hijackers" vanishes on close examination. For more serious questions on 9/11, click here.
When an on-duty police officer was shot and killed by a colleague a month ago, residents of [Santa Maria, CA, an] agricultural community north of Santa Barbara were horrified. Outrage grew when they learned the shooting occurred as fellow officers tried to arrest the policeman on suspicion he was having a sexual relationship with a 17-year-old girl in the city's "Police Explorers" program. But inappropriate relationships between officers and youths in the junior police program aren't all that rare. No organization keeps statistics but an Associated Press examination of news accounts during the 21 years since the Explorers was spun off from the Boy Scouts of America found at least 97 cases involving officers accused of sexual assault on minor girls, and sometimes boys, in the program. And that's likely a fraction of all such incidents, said Samuel Walker, a University of Nebraska-Omaha criminal justice professor and expert on police misconduct and accountability. Most relationships never become public because a youth is unlikely to report it and even if fellow officers are aware, they're reluctant to do anything. "More often than not other officers know that something wrong is going on and they don't report it," Walker said. "Police departments are like villages: everybody gossips and everybody knows." The Explorer program is run by Learning for Life, a subsidiary of Boy Scouts of America.
Note: When a Chilean friend of this website's founder was facing a serious traffic ticket which could have gotten her kicked out of the country, the police officer offered to let her go if she would have sex with him later. She accepted but then managed to escape. She never reported the incident. This type of sexual abuse by authorities is likely much more common than most people would imagine. For more powerful evidence of this, click here and here.
The moment 18-year-old Army Pvt. Tim Josephs arrived at Edgewood Arsenal in 1968, he knew there was something different about the place. "It just did not look like a military base, more like a hospital," recalled Josephs, a Pittsburgh native. Josephs had volunteered for a two-month assignment at Edgewood, in Maryland, lured by three-day weekends closer to home. "It was like a plum assignment," Josephs said. "The idea was they would test new Army field jackets, clothing, weapons and things of that nature, but no mention of drugs or chemicals." But when he went to fill out paperwork the morning after his arrival, the base personnel were wearing white lab coats, and Josephs said he had second thoughts. An officer took him aside. "He said, 'You volunteered for this. You're going to do it. If you don't, you're going to jail. You're going to Vietnam either way -- before or after,'" Josephs said recently. From 1955 to 1975, military researchers at Edgewood were using not only animals but human subjects to test a witches' brew of drugs and chemicals. They ranged from potentially lethal nerve gases like VX and sarin to incapacitating agents like BZ. The military also tested tear gas, barbiturates, tranquilizers, narcotics and hallucinogens like LSD. Josephs, 63, believes the chemical agents he received during his two-month stint at Edgewood [harmed] him, triggering health problems that continue to plague him four decades later.
Note: For a comprehensive list of example of humans being used as guinea pigs by the military and government over the past century with links for verification, click here.
Sen. Dianne Feinstein said [on February 29] that her legislation to roll back an antiterror law, which allows the military to indefinitely detain people in the United States suspected of ties to al Qaeda or "associated forces," would have to be limited to citizens and permanent legal residents. Her bill, the Due Process Guarantee Act, ... would ensure that the detainee portions of last year's National Defense Authorization Act, or any declaration of war or congressional authorization to use military force, would not allow the military to imprison without trial citizens and green card holders living in the United States. Rep. John Garamendi, D-Walnut Grove (Sacramento County) has introduced a companion bill in the House. The detainee provisions of the law ... have generated a rare combination of outrage from liberals and conservatives who say it violates constitutional liberties and habeas corpus rights that provide an individual redress to unlawful imprisonment by the state. Civil liberties groups have argued that the Constitution's Bill of Rights extends to all people, regardless of their citizenship. Noncitizens include tourists, students and business travelers as well as illegal immigrants. Feinstein said including noncitizens in her bill is not politically feasible. Feinstein described her bill as a follow-on to the 1971 Non-Detention Act, a response to the Japanese internment that was signed by former President Richard Nixon. The act bars imprisonment of citizens suspected of sabotage without explicit congressional approval.
Note: The NDAA clearly violates the U.S. Bill of Rights, which clearly states in the fifth amendment that no person shall be held to answer for a crime "without due process of law," and in the sixth amendment which states that "the accused shall enjoy the right to a speedy and public trial." It is simply amazing that the American public is not loudly protesting this breach of the constitution.
A top federal regulator's ties to Monsanto Co., a maker of genetically modified food, are fueling an election-year recall push by consumer and public-interest groups flexing their clout on the Internet. Michael Taylor, the Food and Drug Administration's deputy commissioner for food safety, is at the center of a burgeoning dispute between opponents who have collected more than 420,000 signatures on an online petition demanding he be fired and supporters who praise his efforts to curb food-borne illnesses. At issue is the 16 months ending in 2000 that Taylor worked as Monsanto's vice president for public policy, between stints in the Clinton and Obama administrations. The petition reflects anger over the agency's enforcement actions against small food producers and products such as raw milk. The online petition, along with others circulated on Facebook and other social-media sites since at least August, blames Taylor for allowing genetically modified organisms into the U.S. food supply without requiring testing as to their effects while he served at the agency in the 1990s. Taylor, in an interview, said his work is misrepresented, and the effort to have him fired "is more about Monsanto than about me. The claim is I was a Monsanto lobbyist, which paints a bad picture," he said. "It doesn't say what I did there or what I think about biotechnology."
Note: For lots more on Monsanto's unethical practices, click here and here. For key reports from reliable sources on corporate and government corruption, click here and here.
The current surge in gas prices has almost nothing to do with energy policy. It doesn't even have much to do with global supply and demand. It has most to do with America's continuing failure to adequately regulate Wall Street. Oil supplies aren't being squeezed. Over 80 percent of America's energy needs are now being satisfied by domestic supplies. In fact, we're starting to become an energy exporter. Demand for oil isn't rising. Oil demand in the U.S. is down compared to last year at this time. The American economy is showing only the faintest signs of recovery. Meanwhile, global demand is still moderate. Europe's debt crisis hasn't gone away. China's growth continues to slow. But Wall Street is betting on higher oil prices. Hedge-fund managers and traders assume that mounting tensions in the Middle East will hobble supplies later this year. Wall Street speculators also assume global demand for oil will rise in the coming year. These are just expectations, not today's realities. But they're pushing up oil prices just the same, because Wall Street firms and other big financial players now dominate oil trading. Where there's money to be made, Wall Street will find a way of making it. And when it comes to oil, so much money is at stake that gigantic sums can be made if the bets pay off. Speculators figure they can hedge against bad bets. Financial speculators historically accounted for about 30 percent of oil contracts, producers and end users for about 70 percent. But today speculators account for 64 percent of all contracts.
Note: This article was written by Robert Reich, former U.S. Secretary of Labor, professor of public policy at the University of California at Berkeley and the author of Aftershock: The Next Economy and America's Future. He blogs at www.robertreich.org. For lots more reliable information from the major media on energy manipulations, click here.
Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the countrys economic and financial collapse are reaping the benefits of their anger. Since the end of 2008, the islands banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population, according to a report published this month by the Icelandic Financial Services Association. You could safely say that Iceland holds the world record in household debt relief, said Lars Christensen, chief emerging markets economist at Danske Bank A/S in Copenhagen. Iceland followed the textbook example of what is required in a crisis. Any economist would agree with that. Most polls now show Icelanders dont want to join the European Union, where the debt crisis is in its third year. The islands households were helped by an agreement between the government and the banks, which are still partly controlled by the state, to forgive debt exceeding 110 percent of home values. On top of that, a Supreme Court ruling in June 2010 found loans indexed to foreign currencies were illegal, meaning households no longer need to cover krona losses.
Note: The amazing story of the Icelandic people demanding bank reform is one of the most underreported stories in recent years. Why isn't this all over the news? To see what top journalists say about news censorship, click here. For blatant manipulations of the big banks reported in the major media, click here.
Japan’s tsunami-hit Fukushima power plant remains fragile nearly a year after it suffered multiple meltdowns, its chief said [on February 28], with makeshift equipment — some mended with tape — keeping crucial systems running. An independent report, meanwhile, revealed that the government downplayed the full danger in the days after the March 11 disaster and secretly considered evacuating Tokyo. Journalists given a tour of the Fukushima Dai-ichi plant on Tuesday ... saw crumpled trucks and equipment still lying on the ground. A power pylon that collapsed in the tsunami, cutting electricity to the plant’s vital cooling system and setting off the crisis, remained a mangled mess. The equipment that serves as the lifeline of the cooling system is shockingly feeble-looking. Plastic hoses cracked by freezing temperatures have been mended with tape. A set of three pumps sits on the back of a pickup truck. Along with the pumps, the plant now has 1,000 tanks to store more than 160,000 tons of contaminated water. The Unit 3 reactor, whose roof was blown off by a hydrogen explosion, resembles an ashtray filled with a heap of cigarette butts. Officials say radiation hot spots remain inside the plant and minimizing exposure to them is a challenge.
Note: For lots more from reliable sources on the corruption in the nuclear power industry, click here.
Some human remains recovered from the Sept. 11, 2001, attacks on the Pentagon and in Shanksville, Pa., were incinerated and dumped in a landfill, the Defense Department said ... in the latest revelation about mishandled body parts at the Dover Air Force Base mortuary. A new Pentagon review of the troubled mortuary disclosed several other problems — including fresh allegations of fraud and misplaced remains — over the past decade. The report said that the Sept. 11 remains in question “could not be tested or identified,” apparently because they were too small or charred to allow for DNA analysis. The remains were cremated and then mixed with biomedical waste at the Dover mortuary, where they were given to a contractor who incinerated them and dumped the residue in a landfill. The report cites Army and Air Force memos from July and August 2002 directing that an unspecified number of “remains from the Attack on the Pentagon” be incinerated. The report indicates that unidentified remains from the hijacking of United Airlines Flight 93, which crashed in Shanksville, were disposed of in a similar manner. But the Pennsylvania coroner who oversaw the handling of remains from that attack said no body parts from Shanksville were ever sent to Dover or taken to a landfill. Wallace Miller, the Somerset, Pa., county coroner, said in news reports on Tuesday that all unidentified remains from Shanksville were buried in three caskets on Sept. 12 at a memorial site for Flight 93 as part of the 10th anniversary of the hijacking.
Note: Why would the Pentagon order the remains incinerated? Could it be they don't want an forensic investigation of the remains as they are not what is claimed? For more on the 9/11 cover-up, see the deeply revealing reports from reliable major media sources available here.
A "strictly confidential" report on Greece's debt projections prepared for eurozone finance ministers reveals Athens' rescue programme is way off track. The ... debt sustainability analysis ... found that even under the most optimistic scenario, the austerity measures being imposed on Athens risk a recession so deep that Greece will not be able to climb out of the debt hole over the course of a new three-year, €170bn bail-out. It warned that two of the new bail-out's main principles might be self-defeating. Forcing austerity on Greece could cause debt levels to rise by severely weakening the economy. The report made clear why the fight over the new Greek bail-out has been so intense. A German-led group of creditor countries -- including the Netherlands and Finland -- has expressed extreme reluctance to go through with the deal since they received the report. A "tailored downside scenario" in the report suggests Greek debt could fall far more slowly than hoped, to only 160 per cent of economic output by 2020 -- well below the target of 120 per cent set by the International Monetary Fund. Under such a scenario, Greece would need about €245bn in bail-out aid, far more than the €170bn under the "baseline" projections eurozone ministers were using in all-night negotiations in Brussels on Monday.
Note: For key reports from major media sources exposing the interests served by the imposition of austerity on Greece and other countries, click here.
The Italian police ... arrested eight people on charges related to the seizure of $6 trillion in fake United States Treasury bonds, in a mysterious scheme that stretched from Hong Kong to Switzerland to the southern Italian region of Basilicata. The value of the seized bonds is in the neighborhood of half of the United States’ entire public debt of $15.36 trillion, but only the uninitiated would have accepted them as real securities. Rather than counterfeit, they were what officials call fictitious, printed in 6,000 units of $1 billion each, a denomination that does not exist and the equivalent of $3 bills. The United States Embassy in Rome said its experts had examined the bonds, which bore the date 1934, and determined that they were fictitious and apparently part of a scheme intended to defraud Swiss banks. According to the Federal Reserve, such “fictitious instrument fraud” is increasingly common, and unwitting investors have been cheated of nearly $10 billion in recent years. In a common ploy, “criminals present fictitious financial instruments such as Federal Reserve notes, standby letters of credit, prime bank guarantees or prime bank notes in order to fraudulently collateralize loans,” the Federal Reserve says on its Web site. In 2009, Italian police seized phony United States Treasury bonds with a face value of $250 billion.
Note: There is a major problem with the claim that these are fake. If you were a counterfeiter and wanted to fake bonds, you would have to be out of your mind to fake them in denominations of $1 billion. As reported here, no one would ever dream of cashing them. For excellent research by David Wilcock suggesting that the bonds are real, and that this may be part of a huge, hidden manipulation, click here.
A Saudi Arabian accused of associating with several of the September 11 hijackers and who disappeared from his home in the United States a few weeks before the attacks on the World Trade Centre and the Pentagon, is in London working for his country’s state oil company. Abdulaziz al-Hijji ... flew to Saudi Arabia in August 2001. Security records of cars passing through a checkpoint at the Prestancia gated community indicated that Mr al-Hijji’s home, 4224 Escondito Circle, had been visited a number of times by Mohamed Atta, the leader of the 19-strong hijack team, who piloted American Airlines Flight 11 into the North Tower of the World Trade Centre in 2001. The logs also indicated that Marwan Al-Shehhi, who crashed United Airlines Flight 175 into the South Tower, and Ziad Jarrah, who was at the controls of United Airlines Flight 93 when it crashed in a field in Pennsylvania, had visited the house. All three men had trained to fly at Venice Airport, which is 19 miles from Sarasota. Mr al-Hijji is resident in London, working for the European subsidiary of Saudi Aramco, Saudi Arabia’s state oil company. Described as a career counsellor, he is based in the offices of Aramco Overseas Company UK Limited and lives in an expensive flat in central London.
Note: The US media has failed to report on this major news, with the exception of a small newspaper in Sarasota, FL, where the hijackers had been training. For two revealing articles in that paper, click here and here.
A new federal law, signed by the president on [February 14], compels the Federal Aviation Administration to allow drones to be used for all sorts of commercial endeavors. Local police and emergency services will also be freer to send up their own drones. But while businesses, and drone manufacturers especially, are celebrating the opening of the skies to these unmanned aerial vehicles, the law raises new worries about how much detail the drones will capture about lives down below — and what will be done with that information. Some questions likely to come up: Can a drone flying over a house pick up heat from a lamp used to grow marijuana inside, or take pictures from outside someone’s third-floor fire escape? Can images taken from a drone be sold to a third party, and how long can they be kept? The American Civil Liberties Union and other advocacy groups are calling for new protections against what the A.C.L.U. has said could be “routine aerial surveillance of American life.” The new law, part of a broader financing bill for the F.A.A., came after intense lobbying by drone makers and potential customers. These manufacturers have been awaiting lucrative new opportunities at home. The market for drones is valued at $5.9 billion and is expected to double in the next decade, according to industry figures. Drones can cost millions of dollars for the most sophisticated varieties to as little as $300 for one that can be piloted from an iPhone.
Note: For more information on the use of drones by police in the US, click here. For more on the threats to civil liberties created by this new law, click here. For lots more from reliable sources on surveillance in the US, click here.
A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country. The audit of almost 400 foreclosures in San Francisco found that 84 percent of them appeared to be illegal, according to the study released by the California city. "The audit in San Francisco is the most detailed and comprehensive that has been done - but it's likely those numbers are comparable nationally," Diane Thompson, an attorney at the National Consumer Law Center, told Reuters. Across the country from California, Jeff Thingpen, register of deeds in Guildford County, North Carolina, examined 6,100 mortgage documents last year, from loan notes to foreclosure paperwork. Of those documents, created between January 2008 and December 2010, 4,500 showed signature irregularities, a telltale sign of the illegal practice of "robosigning" documents. Robosigning involves the use of bogus documents to force foreclosures without lenders having to scrutinize all the paperwork involved with mortgages. The practice was at the heart of the foreclosure scandal that led to a $25 billion settlement between the U.S. government and five major banks last week.
Note: For lots more from major media sources on the illegal foreclosures made by the biggest banks and financial firms, the collusion of government agencies, and more, see our "Banking Bailout" news articles.
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.