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Revealing News For a Better World

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.


Calif. 'downer' pig ban blocked by Supreme Court
2012-01-24, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/23/MNUN1MTDBQ.DTL

California's ban on the sale of pork from "downer" pigs, those that were too feeble to walk before being slaughtered, can't be enforced because a less stringent federal law regulates slaughterhouse inspections, the U.S. Supreme Court ruled unanimously [on January 23]. State lawmakers enacted the ban in 2008 after a Humane Society video showed immobile cows being kicked, dragged, shocked and rammed with forklifts at a warehouse in San Bernardino County. Advocates said meat from those animals was more likely to be diseased. Federal law forbids the sale of meat from animals suffering from serious diseases, a ban that recent regulations extended to cattle that were unable to walk. But federal law allows meat sales from downer pigs and other nonambulatory animals, like sheep and goats, that pass federal inspection. Court challenges from meat processors and packers prevented the California law from taking effect. A federal appeals court upheld the California statute in 2010, but the Obama administration joined the National Meat Association in a successful Supreme Court appeal. The ruling dismayed the Humane Society of the United States, which has unsuccessfully lobbied Congress and the U.S. Department of Agriculture for nationwide rules like California's. "The meat industry has the USDA and Congress in its tight grips," said the society's president, Wayne Pacelle.

Note: For lots more from major media sources on corporate and government corruption, click here and here.


If You Thought SOPA Was Bad, Just Wait Until You Meet ACTA
2012-01-23, Forbes
http://www.forbes.com/sites/erikkain/2012/01/23/if-you-thought-sopa-was-bad-j...

When sites like Wikipedia and Reddit banded together for a major blackout January 18th, the impact was felt all the way to Washington D.C. The blackout had lawmakers running from the controversial anti-piracy legislation, SOPA and PIPA, which critics said threatened freedom of speech online. Unfortunately for free-speech advocates, these pieces of legislation are not the only laws which threaten an open internet. Few people have heard of ACTA, or the Anti-Counterfeiting Trade Agreement, but the provisions in the agreement appear quite similar to – and more expansive than – anything we saw in SOPA. Worse, the agreement spans virtually all of the countries in the developed world, including all of the EU, the United States, Switzerland and Japan. Many of these countries have already signed or ratified it, and the cogs are still turning, with the final real fight playing out in the EU parliament. The treaty has been secretly negotiated behind the scenes between governments with little or no public input. The Bush administration started the process, but the Obama administration has aggressively pursued it. Indeed, we signed ACTA in 2011. According to critics, ACTA bypasses the sovereign laws of participating nations, forcing ISP’s across the globe to act as internet police. Worse, it appears to go much further than the internet, cracking down on generic drugs and making food patents even more radical than they are by enforcing a global standard on seed patents that threatens local farmers and food independence across the developed world.

Note: For lots more on government secrecy from reliable sources, click here.


We must stop this corporate takeover of American democracy
2012-01-20, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/commentisfree/cifamerica/2012/jan/20/us-constitutio...

The corporate barbarians are through the gate of American democracy. Not satisfied with their all-pervasive influence on our culture, economy and legislative processes, they want more. They want it all. Two years ago, the United States supreme court betrayed our Constitution. In its now infamous decision in the Citizens United case, five justices declared that corporations must be treated as if they are actual people under the Constitution when it comes to spending money to influence our elections, allowing them for the first time to draw on the corporate checkbook – in any amount and at any time – to run ads explicitly for or against specific candidates. What's next … a corporate right to vote? When the supreme court says ... that corporations are people, that writing checks from the company's bank account is constitutionally-protected speech and that attempts by the federal government and states to impose reasonable restrictions on campaign ads are unconstitutional, our democracy is in grave danger. Corporations are not people with constitutional rights equal to flesh-and-blood human beings. Corporations are subject to regulation by the people.

Note: For key reports on the overpowering influence of corporate money on the US political system, click here and here.


A Judge Rules Vermont Can’t Shut Nuclear Plant
2012-01-20, New York Times
http://www.nytimes.com/2012/01/20/science/earth/vermont-cant-shut-down-nuclea...

A federal judge on [January 19] blocked Vermont from forcing the Vermont Yankee nuclear reactor to shut down when its license expires in March, saying that the state is trying to regulate nuclear safety, which only the federal government can do. The judge [said] in his ruling that ... state lawmakers and witnesses made clear that their effort to close the plant was "grounded in radiological safety concerns" - the province of the federal Nuclear Regulatory Commission. The commission has already granted Vermont Yankee a 20-year license extension. The ruling is almost certain to be appealed by the state and an array of private groups that want the plant shut down because of leaks of radioactive tritium and other issues. Since Entergy bought Vermont Yankee 10 years ago, public opinion has turned sharply against the plant. After several plants around the country suffered leaks of radioactive water into the soil, state officials asked Vermont Yankee executives in 2009 whether their plant might be susceptible to that problem. The executives said that Vermont Yankee had no underground pipes carrying radioactive material. But it did - and the pipes leaked. The State Senate voted 26 to 4 in 2010 not to authorize the needed certificate.

Note: How convenient for the nuclear power industry that federal judges can block state legislation to shut down dangerous nuclear power plants. For more on corporate and government corruption, click here and here.


10 reasons the U.S. is no longer the land of the free
2012-01-13, Washington Post
http://www.washingtonpost.com/opinions/is-the-united-states-still-the-land-of...

Even as we pass judgment on countries we consider unfree, Americans remain confident that any definition of a free nation must include their own — the land of [the] free. Yet ... in the decade since Sept. 11, 2001, this country has comprehensively reduced civil liberties in the name of an expanded security state. The most recent example of this was the National Defense Authorization Act, signed Dec. 31, which allows for the indefinite detention of citizens. While each new national security power Washington has embraced was controversial when enacted, they are often discussed in isolation. But they don’t operate in isolation. They form a mosaic of powers under which our country could be considered, at least in part, authoritarian. Americans often proclaim our nation as a symbol of freedom to the world while dismissing nations such as Cuba and China as categorically unfree. [Yet] the United States now has much more in common with such regimes than anyone may like to admit. These countries also have constitutions that purport to guarantee freedoms and rights. But their governments have broad discretion in denying those rights and few real avenues for challenges by citizens — precisely the problem with the new laws in this country. The list of powers acquired by the U.S. government since 9/11: 1. Assassination of U.S. citizens. 2. Indefinite detention. 3. Arbitrary justice. 4. Warrantless searches. 5. Secret evidence. 6. War crimes. 7. Secret court. 8. Immunity from judicial review. 9. Continual monitoring of citizens. 10. Extraordinary renditions.

Note: Thank you to the Washington Post for publishing this amazing article revealing the disturbing and severe erosion of freedom and civil liberties in the U.S. ever since 9/11. Written by Professor Jonathan Turley of George Washington University in the nation's capital, this incisive essay lays bare what so many citizens don't know, and what many don't even want to know. Yet, in this case, ignorance is not bliss. Don't miss the full article listing the loss of 10 important civil liberties at this link.


Haiti earthquake: Where has the aid money gone?
2012-01-12, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/global-development/datablog/2012/jan/12/haiti-earth...

Shortly after the 2010 earthquake in Haiti, which killed more than 300,000 people and left more than 1 million homeless, politicians worldwide promised large amounts of aid, and the international aid industry geared up to tackle one of the largest and most complex emergencies in history. Less than three months after the earthquake struck on 12 January 2010, world leaders gathered in New York and pledged billions for long-term reconstruction. Two years on, what's happened to all that money? Figures released by the UN special envoy for Haiti show that only 53% of the nearly $4.5bn pledged for reconstruction projects in 2010 and 2011 has been delivered. Venezuela and the US, which promised ... more than $1.8bn together have disbursed just 24% ($223m) and 30% ($278m) respectively. Some crucial sectors face particularly large funding gaps. Donors disbursed just $125m of the $311m in grants allocated to agriculture projects. [And] only $108m of the $315m in grants allocated to health projects has been disbursed. A separate report ... found that only 23 out of 1,490 contracts awarded by the US government after the earthquake had gone to Haitian companies, accounting for just $4.8m of the total $194m awarded between January 2010 and April 2011. Contractors from the Washington area took 39.4% ($76m).

Note: It seems that many governments see natural disasters like this at least partially as a means for awarding lucrative contracts to their own people and businesses.


North Carolina sterilisation victims win compensation
2012-01-11, BBC News
http://www.bbc.co.uk/news/world-us-canada-16515827

Victims of a decades-old sterilisation programme in the US state of North Carolina are to receive $50,000 each in compensation. As many as 7,600 people were sterilised by the state from 1929 to 1974, often without their knowledge. About half a dozen states have apologised for similar programmes, but North Carolina is the only one to consider financial payment. The figure will have to be approved as part of the state's next budget. The sterilisation victims were sometimes mentally disabled or institutionalised people. However, a task force set up by North Carolina found that starting the 1950s the state increasingly focussed its programme - which the task force dubbed a "eugenics" programme - on welfare recipients. This led to a "dramatic rise of sterilisation for African-Americans and women that did not reside in state institutions". Dr Laura Gerald, the head of the task force, said in a statement that the compensation served to send the message that "we do not tolerate bureaucracies that trample on basic human rights". North Carolina has so far verified 72 sterilisation victims, but about 2,000 are estimated to still be alive.

Note: For a detailed timeline of disturbing experiments where humans were used as guinea pigs without their knowledge with links to reliable sources for verification, click here.


Ten years later, Guantanamo still harms us all
2012-01-11, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/10/ED2F1MNA60.DTL

It has been 10 years since Guantanamo Bay became a prison. Today, 171 men are still held there with no real prospect of either trial or release. Bush administration officials have admitted ordering torture against prisoners in Guantanamo, Afghanistan, Iraq and secret sites in [other] countries, yet no one has been held to account for violating U.S. law. Their illegal actions and the recent passage - and signing by President Obama - of the National Defense Authorization Act have undermined fundamental structures of law and morality that are our heritage as Americans. More than 80 percent of Americans self-identified as "religious" in a 2011 Pew poll. Today, 312 U.S. faith groups are members of the National Religious Campaign Against Torture. Organized in 2006, it is a vehicle for people of faith seeking to denounce abusive practices by the United States. Under President Obama, we have held no one accountable for torture. With the passage of the Defense Act, indefinite detention without trial has become law ... including even American citizens captured on U.S. soil, a clear violation of the Fourth Amendment to the Constitution. The loss of habeas corpus rights under the Defense Act now puts every ordinary person at risk of indefinite detention. As citizens, it is our right and responsibility to demand that our government investigate the U.S. torture program and uphold our constitutional rights. As a nation of people of faith, this is our sacred duty.

Note: The author, Louise Specht, is the convener of the Bay Area Religious Campaign Against Torture, the Northern California affiliate of the National Religious Campaign Against Torture.


Goldman’s Tax-Free Building Loan Makes Liberty Bonds Tough Sell
2012-01-11, Bloomberg Businessweek
http://www.businessweek.com/news/2012-01-11/goldman-s-tax-free-building-loan-...

A tax-free bond program that provided below-market financing to build Goldman Sachs Group Inc.’s headquarters is expiring while New York developers say the city’s commercial real estate market still needs support. Congress created the Liberty Bond program in March 2002 with $8 billion in tax-exempt funds to rebuild lower Manhattan after the Sept. 11 terrorist attacks. The allocation ran out last month, and the tax exemption ended on Dec. 31 along with dozens of other breaks for manufacturers, energy companies and transit commuters. Critics that include affordable housing advocates say the bonds were little more than a subsidy for fancy Manhattan apartments and office towers for Goldman Sachs and Bank of America Corp. Developers counter that, more than a decade after the attacks, low-cost financing remains necessary to help lower Manhattan’s commercial market recover. “The Liberty Bonds made available to the World Trade Center site are only enough to support rebuilding a little less than 60 percent of the office space lost on 9/11,” Larry Silverstein, the World Trade Center’s developer, said in an e- mail. “In an ideal world, more such resources would be made available to help jump-start construction of the remaining 40 percent of the office space that was destroyed by terrorists.” His company, Silverstein Properties Inc., received almost $3 billion through the Liberty Bond program to help redevelop the World Trade Center site. Goldman financed construction of its headquarters at 200 West St. with about $1.5 billion in Liberty Bond financing. Bank of America’s tower across from Bryant Park was financed with $650 million in Liberty Bonds.

Note: Larry Silverstein can't stop complaining about terrorists despite the billions of dollars he made from the 9/11 attacks. For his admission on television that WTC 7 was brought down by controlled demolition at his command, not by terrorists, click here.


The US schools with their own police
2012-01-09, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/world/2012/jan/09/texas-police-schools

More and more US schools have police patrolling the corridors. Pupils are being arrested for throwing paper planes and failing to pick up crumbs from the canteen floor. Why is the state criminalising normal childhood behaviour? Like hundreds of schools in the state, and across large parts of the rest of the US, Fulmore Middle [school] has its own police force with officers in uniform who carry guns to keep order in the canteens, playgrounds and lessons. Each day, hundreds of schoolchildren appear before courts in Texas charged with offences such as swearing, misbehaving on the school bus or getting in to a punch-up in the playground. Children have been arrested for possessing cigarettes, wearing "inappropriate" clothes and being late for school. In 2010, the police gave close to 300,000 "Class C misdemeanour" tickets to children as young as six in Texas for offences in and out of school, which result in fines, community service and even prison time. What was once handled with a telling-off by the teacher or a call to parents can now result in arrest and a record that may cost a young person a place in college or a job years later. "We've taken childhood behaviour and made it criminal," said Kady Simpkins, a lawyer. "They're kids." The very young are not spared. Texas records show more than 1,000 tickets were issued to primary schoolchildren over the past six years .

Note: For a long list of bizarre arrests of children, for behavior not at all unusual, that have been reported in the mainstream media, click here.


Insurance profits soar after health care overhaul
2012-01-06, San Francisco Chronicle/Bloomberg News
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/05/BUUH1MLB31.DTL

Insurance companies spent millions of dollars trying to defeat the U.S. health care overhaul, saying it would raise costs and disrupt coverage. Instead, profit margins at the companies widened to levels not seen since before the recession, a Bloomberg Government study shows. Insurers led by WellPoint ... recorded their highest combined quarterly net income of the past decade after the law was signed in 2010, said Peter Gosselin, the study author. "The industry that was the loudest, most persistent critic of this law, the industry whose analysts and executives predicted it would suffer immensely because of the law, has thrived," Gosselin said. Health insurers contributed $86.2 million to the U.S. Chamber of Commerce to oppose the law after Obama administration officials criticized the [corporations'] plans for enriching themselves by raising customer premiums. Companies are changing their business focus to gain from provisions in the law that will expand the size of Medicaid, the $401 billion government health plan for the poor.

Note: Is it surprising that health insurance companies are raking in big profits from the new health care legislation?


Cambodia: Life sentence for former anti-drug head
2012-01-06, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/05/MNHM1MLB7G.DTL

The former head of Cambodia's antidrug office was sentenced to life in prison ... for masterminding a drug ring from his office, a court official said. Lt. Gen. Mok Dara, secretary-general of the National Authority for Combating Drugs until his arrest last January, faced more than 30 counts of bribery and drug trafficking and was given a life sentence. An associate, anti-drug officer Chea Leang, also received a life sentence, while a third defendant, Morn Doeun, who was at large, was sentenced to 25 years by the court in the northwestern province, which borders Thailand. The case, which lasted several weeks, was one of the largest to go through Cambodia's court system and involved the testimonies of scores of witnesses. Cambodia has been working in recent years to reduce corruption. Mok Dara's is the latest in a string of cases brought by the government's new Anti-Corruption Unit. Mok Dara maintained he was innocent, people attending the proceedings said. Nop Virak, a trial monitor at the Cambodian Center for Human Rights who observed the case, said Mok Dara's sentencing will serve as a warning to corrupt officials.

Note: How long before the rogue elements in Western governments running drug operations are arrested? It's only a matter of time.


German President Christian Wulff's home loan row erupts
2012-01-05, BBC News
http://www.bbc.co.uk/news/world-europe-16428941

German President Christian Wulff has rejected a request to allow publication of a voicemail at the heart of a home loan scandal. There are two things seasoned (and perhaps cynical) politicians know: beware cover-ups; and don't tangle with the country's most popular paper. President Wulff may yet reflect on those tenets. He went on prime time television simultaneously on two channels and asserted that he hadn't tried to kill the story about his loan, just get it delayed so, as he put it, "we could talk about it, so that it could be correct". Bild flatly contradicts that. And it raised the stakes by saying it wanted to make public the message President Wulff left on a Bild editor's voicemail. President Wulff says "No". Bild went ahead and published the story that [Wulf] had received a low interest 500,000 euro loan (Ł417,000; $649,000) from the wife of a wealthy businessman in October 2008, while prime minister of Lower Saxony state. Mr Wulff was later asked in Lower Saxony's parliament if he had had business relations with the businessman, Egon Geerkens, and said he had not, making no mention of his dealings with Mr Geerkens's wife. He rejected calls for his resignation.

Note: For lots more on government corruption from reliable sources, click here.


The NDAA's historic assault on American liberty
2012-01-02, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/commentisfree/cifamerica/2012/jan/02/ndaa-historic-...

President Barack Obama rang in the New Year by signing the NDAA law with its provision allowing him to indefinitely detain citizens. Obama signed one of the greatest rollbacks of civil liberties in the history of our country. It was a continuation of the dishonest treatment of the issue by the White House since the law first came to light. The White House told citizens that the president would not sign the NDAA because of the provision. [But] sponsor Senator Carl Levin ... went to the floor and disclosed that it was the White House [that] insisted that there be no exception for citizens in the indefinite detention provision. The almost complete failure of the mainstream media to cover this issue is shocking. Reporters continue to mouth the claim that this law only codifies what is already the law. That is not true. The administration has fought any challenges to indefinite detention to prevent a true court review. Moreover, most experts agree that such indefinite detention of citizens violates the constitution. The White House conducted a misinformation campaign to secure this power while portraying the president as some type of reluctant absolute ruler, or, as Obama maintains, a reluctant president with dictatorial powers. Most Democratic members joined their Republican colleagues in voting for this un-American measure. Some Montana citizens are moving to force the removal of these members who, they insist, betrayed their oaths of office and their constituents.

Note: For important analyses of the implications of Obama's signing of the NDAA legislation, click here, here and here.


F.D.A. Finds Short Supply of Attention Deficit Drugs
2012-01-01, New York Times
http://www.nytimes.com/2012/01/01/health/policy/fda-is-finding-attention-drug...

Medicines to treat attention deficit hyperactivity disorder are in such short supply that hundreds of patients complain daily to the Food and Drug Administration (FDA) that they are unable to find a pharmacy with enough pills to fill their prescriptions. The shortages are a result of a troubled partnership between drug manufacturers and the Drug Enforcement Administration (DEA), with companies trying to maximize their profits and drug-enforcement agents trying to minimize abuse by people. Shortages, particularly of cheaper generics, have become so endemic that some patients say they worry almost constantly about availability. The DEA sets manufacturing quotas that are designed to control supplies and thwart abuse. Every year, the DEA ... allots portions of the expected demand to various companies. How each manufacturer divides its quota among its own ADHD medicines — preparing some as high-priced brands and others as cheaper generics — is left up to the company. Officials at the FDA say the shortages are a result of overly strict quotas set by the DEA, which, for its part, questions whether there really are shortages or whether manufacturers are simply choosing to make more of the expensive pills than the generics, creating supply and demand imbalances.

Note: This curious story reveals an astonishing level of government manipulation of the manufacturing and availability of medications, and corporations appear to go along with it because it keeps profits high. For lots more on government and corportate corruption from reliable sources, click here and here.


After Struggle on Detainees, Obama Signs Defense Bill
2012-01-01, New York Times
http://www.nytimes.com/2012/01/01/us/politics/obama-signs-military-spending-b...

President Obama, after objecting to provisions of a military spending bill that would have forced him to try terrorism suspects in military courts ... signed the bill on [New Year's Eve]. The White House had said that the legislation could lead to an improper military role in overseeing detention and court proceedings and could infringe on the president’s authority in dealing with terrorism suspects. But it said that Mr. Obama could interpret the statute in a way that would preserve his authority. The president, for example, said that he would never authorize the indefinite military detention of American citizens, because “doing so would break with our most important traditions and values as a nation.” He also said he would reject a “rigid across-the-board requirement” that suspects be tried in military courts rather than civilian courts. Congress dropped a provision in the House version of the bill that would have banned using civilian courts to prosecute those suspected of having ties to Al Qaeda. It also dropped a new authorization to use military force against Al Qaeda and its allies. Civil liberties groups, including the American Civil Liberties Union, still oppose the law, in part because of its authorization of military detention camps overseas.

Note: This New York Times article amazingly fails to mention that civil liberties groups oppose this law primarily because it eliminates habeus corpus, Posse Comitatus and Bill of Rights protections, and enables the military to arrest and imprison American citizens on American soil and subject them to military tribunals without due judicial process. These protections are what Pres. Obama was referring to when he mentioned "our most important traditions and values as a nation." Is his statement that he will not use the new powers the law gives him sufficiently reassuring?


FBI tracking videotapers as terrorists?
2011-12-29, Los Angeles Times
http://www.latimes.com/news/local/environment/la-me-gs-fbi-tracking-animal-vi...

The FBI’s Joint Terrorism Task Force has recommended for many years that animal activists who carry out undercover investigations on farms could be prosecuted as domestic terrorists. New documents obtained through a Freedom of Information Act request by activist Ryan Shapiro show the FBI advising that activists – including Shapiro – who walked onto a farm, videotaped animals there and “rescued” an animal had violated terrorism statutes. The documents ... were issued by the Joint Terrorism Task Force in 2003 in response to an article in an animal rights publication in which Shapiro and two other activists (whose names were redacted from the document), openly claimed responsibility for shooting video and taking animals from a farm. The FBI notes discuss the videotaping, illegal entry and the removal of animals, then concludes with “there is a reasonable indication that [Subject 1] and other members of the [redacted] have violated the Animal Enterprise Terrorism Act, 18 USC Section 43 (a).” The penalties for such a conviction can include terrorism enhancements which can add decades to a sentence. “It’s simply outrageous to consider civil disobedience as terrorism,” Shapiro [said]. “Civil disobedience is not terrorism. It has a long and proud place in our nation’s history, from Martin Luther King to Occupy Wall Street, and the [Animal Enterprise Terrorism Act] takes that kind of advocacy that we celebrate from the civil rights movement and turns it into a terrorist event.”

Note: As the Animal Enterprise Terrorism Act shows, the animal experimentation lobby has demonstrated its considerable clout by getting Congress to pass legislation making principled demonstrations against animal torture and killing into a form of "terrorism". Do you think that Wall Street might lobby for a similar law making "terrorists" out of Occupiers?


Wall Street - a raw deal for the 100 percent
2011-12-29, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/12/28/EDQN1MHHJI.DTL

The stunning reality is that five years into the financial meltdown, it's business as usual on Wall Street - outlandish rewards for insiders with downside for almost everyone else. Occupy Wall Street protesters are right - something is wrong - but they're not sure what. Let's revisit the latest debacle - the implosion of yet another Wall Street darling, MF Global. The fallout of its bad bets on European bonds is hitting home hard, even in rural America, where many of its agricultural customers work. As the eighth-largest bankruptcy filing in U.S. history, MF Global represents just about everything that is wrong on Wall Street. 1. The cult of a Wall Street superstar. 2. Gambling disguised as investing. 3. The bail-me-out syndrome. 4. Enormous conflicts of interest. 5. Leverage on a grand scale. 6. Failure of regulators and the reform law. 7. Misappropriation of client funds. 8. Worthless rating agencies. 9. Golden parachutes soaring high. 10. Breakdown of morality. Wall Street will keep sucking huge sums out of our economy and putting 100 percent of us at risk unless the rules change. Most important, we must stop gambling and start investing again to build valuable companies. The next crisis will make 2008 look like a warm-up. Imagine how big the Occupy camps will be if that happens.

Note: For a treasure trove of reports from reliable sources which provide detailed information on all the problematic dimensions of Wall Street's operations described in the article above, click here.


Under Obama, an emerging global apparatus for drone killing
2011-12-27, Washington Post
http://www.washingtonpost.com/national/national-security/under-obama-an-emerg...

In the space of three years, the [Obama] administration has built an extensive apparatus for using drones to carry out targeted killings of suspected terrorists and stealth surveillance of other adversaries. The apparatus involves dozens of secret facilities, including two operational hubs on the East Coast, virtual Air Force cockpits in the Southwest and clandestine bases in at least six countries on two continents. No president has ever relied so extensively on the secret killing of individuals to advance the nation’s security goals. Lethal operations are increasingly assembled a la carte, piecing together personnel and equipment in ways that allow the White House to toggle between separate legal authorities that govern the use of lethal force. In Yemen, for instance, the CIA and the military’s Joint Special Operations Command pursue the same adversary with nearly identical aircraft. But they alternate taking the lead on strikes to exploit their separate authorities, and they maintain separate kill lists that overlap but don’t match. CIA and military strikes this fall killed three U.S. citizens, two of whom were suspected al-Qaeda operatives. Although human rights advocates and others are increasingly critical of the drone program, the level of public debate remains muted. [One] reason for the lack of extensive debate is secrecy. The White House has refused to divulge details about the structure of the drone program or, with rare exceptions, who has been killed.

Note: Not that the US citizens killed were not given their constitutional rights for a fair trail before being assassinated. For lots more from major media sources on government secrecy, click here.


Money's stranglehold on government is key issue
2011-12-25, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/12/23/INL31ME08J.DTL

Americans have never much liked government. After all, the nation was conceived in a revolution against government. But the surge of cynicism engulfing America isn't about how big government has become. It's a growing perception that our government is no longer working for average people. It's for big business, Wall Street and the very rich. The richest Americans are taking home a bigger share of total income than at any other time since the 1920s. Their tax payments are down because the Bush tax cuts reduced their top rates to the lowest level in more than half a century, and cut capital gains taxes to 15 percent. Congress hasn't even closed a loophole that allows mutual-fund and private-equity managers to treat their incomes as capital gains. So the 400 richest Americans, whose total wealth exceeds the combined wealth of the bottom 150 million Americans put together, pay an average of 17 percent of their income in taxes. That's lower than the tax rates of most day laborers. And the share of revenues coming from corporations has been dropping. The biggest, like GE, find ways to pay no federal taxes at all. Many shelter their income abroad, and every few years Congress grants them a tax amnesty to bring the money home. Get it? "Big government" isn't the problem. The problem is the big money that's taking over government. Government is doing less of the things most of us want it to do ... and more of the things big corporations, Wall Street and the wealthy want it to do.

Note: The author of this analysis, Robert Reich, is a former U.S. secretary of labor, is professor of public policy at UC Berkeley and the author of Aftershock: The Next Economy and America's Future. He blogs at www.robertreich.org.


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