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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.


Decades later, a Cold War secret is revealed
2011-12-25, Boston Globe/Associated Press
http://articles.boston.com/2011-12-25/news/30557217_1_satellites-pacific-ocea...

At one point in the 1970s there were more than 1,000 people in the Danbury area working on The Secret. And though they worked long hours under intense deadlines, sometimes missing family holidays and anniversaries, they could tell no one — not even their wives and children — what they did. They were engineers, scientists, draftsmen and inventors. It was dubbed “Big Bird’’ and it was considered the most successful space spy satellite program of the Cold War era. From 1971 to 1986 a total of 20 satellites were launched, each containing 60 miles of film and sophisticated cameras that orbited the earth snapping vast, panoramic photographs of the Soviet Union, China and other potential foes. The film was shot back through the earth’s atmosphere in buckets that parachuted over the Pacific Ocean, where C-130 Air Force planes snagged them with grappling hooks. The scale, ambition and sheer ingenuity of Hexagon KH-9 was breathtaking. So too is the human tale of the 45-year-old secret that many took to their graves. Hexagon was declassified in September. “The question became, how do you hide an elephant?’’ a National Reconnaissance Office report stated at the time. It decided on a simple response: “What elephant?’’ Employees were told to ignore any questions from the media, and never confirm the slightest detail about what they worked on.

Note: This is another excellent example of how government is able to keep huge projects secret, and how top secret military technology is often decades ahead of anything which has been publicly revealed. Note that even the existence of the National Reconnaissance Office, founded in 1960, was completely denied until it's existence was declassified in 1992. Does government lie to us? Without a doubt.


Pentagon Finds No Fault in Ties to TV Analysts
2011-12-25, New York Times
http://www.nytimes.com/2011/12/25/us/pentagon-finds-no-fault-in-its-ties-to-t...

A Pentagon public relations program that sought to transform high-profile military analysts into "surrogates" and "message force multipliers" for the Bush administration complied with Defense Department regulations and directives, the Pentagon's inspector general has concluded after a two-year investigation. The inquiry was prompted by articles published in the New York Times in 2008 that described how the Pentagon, in the years after the Sept. 11 attacks, cultivated close ties with retired officers who worked as military analysts for television and radio networks. In response to the articles, the Pentagon suspended the program, and members of Congress asked the Defense Department's inspector general to investigate. The results of the inquiry ... confirm that the Pentagon under Donald Rumsfeld made a concerted effort ... to build and sustain public support for the wars in Iraq and Afghanistan. The inquiry found that from 2002 to 2008, Rumsfeld's Pentagon organized 147 events for 74 military analysts. The inquiry confirmed that Rumsfeld's staff frequently provided military analysts with discussion points before their network appearances.

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


Research on Lethal Bird Flu May Be Censored on Security Concern
2011-12-23, Bloomberg/Businessweek
http://www.businessweek.com/news/2011-12-23/research-on-lethal-bird-flu-may-b...

Scientists agreed not to publish certain details of research showing how lethal bird flu can be made contagious after a U.S. biosecurity panel asked that it be kept secret for security reasons. The study at Erasmus Medical Center in Rotterdam described the genetic changes needed to make the H5N1 avian influenza strain spread easily among ferrets and potentially people. The research is under review for publication in the journal Science. It was commissioned by the U.S. National Institutes of Health, the center said yesterday in a statement on its website. Knowing the genetic sequence of a deadly, infectious strain may enable the virus to be recreated through reverse engineering. The censorship was requested by the National Science Advisory Board for Biosecurity, which was created in the aftermath of the 2001 anthrax attacks and advises the U.S. Department of Health and Human Services. The panel called for certain data to be kept secret after determining that the risks of publishing it outweigh the benefits, the Erasmus Medical Center said. The researchers have reservations about this recommendation but will observe it, the center said in the statement.

Note: For key major media reports revealing manipulation around both the avian and swine flus, click here. For solid evidence that Lyme disease originated in a secret government germ laboratory, click here.


Too late to contain killer flu science, say experts
2011-12-22, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/news/science/too-late-to-contain-killer-flu-scie...

Attempts to censor details of controversial influenza experiments that created a highly infectious form of bird-flu virus are unlikely to stop the information from leaking out, according to scientists familiar with the research. The US Government has asked the editors of two scientific journals to refrain from publishing key parts of research on the H5N1 strain of bird-flu in order to prevent the information falling into the hands of terrorists intent on recreating the same flu strain for use as a bioweapon. However, scientists yesterday condemned the move. Some said that the decision comes too late because the information has already been shared widely among flu researchers, while others argued that the move could obstruct attempts to find new vaccines and drugs against an infectious form of human H5N1 if it appeared naturally. Professor Richard Ebright, a molecular biologist at Rutgers University in Piscataway, New Jersey, said that the research, which was funded by the US Government, should never have been done without first assessing the risks and benefits. The work posed risks that outweighed benefits and that were clearly foreseeable before the work was performed, Professor Ebright said. The work should have been reviewed at the national or international level before being performed, and should have been restricted at a national or international level before being performed, he said.

Note: For key major media reports revealing manipulation around both the avian and swine flus, click here. For solid evidence that Lyme disease originated in a secret government germ laboratory, click here.


Regulators approve nuclear reactor design for Southeast utilities
2011-12-22, Miami Herald
http://www.miamiherald.com/2011/12/22/2558385/regulators-approve-nuclear-reac...

Federal regulators on [December 22] signed off on a next-generation nuclear reactor slated for Florida Power & Light's Turkey Point plant and five other utilities in the Southeast, paving the way for construction of the first new reactors in the U.S. in three decades. The Nuclear Regulatory Commission's approval of the Westinghouse AP 1000 design was a major milestone for the nuclear power industry, which hasn't built a new reactor since the Three Mile Island accident in Pennsylvania in 1979. Opponents of the AP 1000 ... bristled at the decision. [Some elected officials and] environmental groups ... contend the NRC "fast-tracked" the AP 1000 without thoroughly addressing potential safety concerns or incorporating lessons learned from the March meltdown of the nuclear plant in Fukushima, Japan, disabled by an earthquake and tsunami. Arnie Gunderson, an outside expert ... warned the design might be vulnerable to rust that could cause dangerous holes and cracks in the steel reactor containment vessel - a particular problem in the marine environment of Turkey Point. Another study, commissioned by NC Warn, a North Carolina anti-nuclear group, and Friends of the Earth, argued the safety margin for an accidental high pressure build-up inside the reactor was dangerously slim.

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


Japanese mothers rise up against nuclear power
2011-12-22, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/environment/2011/dec/22/japanese-mothers-rise-nucle...

Japan's nuclear power industry, which once ignored opposition, now finds its existence threatened by women angered by official [secrecy] on radiation from the Fukushima Daiichi nuclear plant. More than 100 anti-nuclear demonstrators, most of them women, met with officials of the Nuclear Safety Commission this week and handed over a statement calling for a transparent investigation into the accident and a permanent shutdown of all nuclear power plants. Groups of women, braving a cold winter, have been setting up tents since last week preparing for a new sit-in campaign in front of the ministry of economic affairs. The women have pledged to continue their demonstration for 10 months and 10 days, traditionally reckoned in Japan as a full term that covers a pregnancy. "Our protests are aimed at achieving a rebirth in Japanese society," said Chieko Shina, a participant, and a grandmother from Fukushima. "The ongoing demonstrations symbolise the determination of ordinary people who do not want nuclear power because it is dangerous. There is also the bigger message that we do not trust the government any more," said Takanobu Kobayashi, who manages the Matsudo network of citizens' movements. Distrust stems primarily from the fact that the meltdown of the Fukushima reactors was not reported to the public immediately, causing huge health risks to the local population from radiation leaks.

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


Jurors Need to Know That They Can Say No
2011-12-21, New York Times
http://www.nytimes.com/2011/12/21/opinion/jurors-can-say-no.html

If you are ever on a jury in a marijuana case, [you should] vote “not guilty” — even if you think the defendant actually smoked pot, or sold it to another consenting adult. As a juror, you have this power under the Bill of Rights; if you exercise it, you become part of a proud tradition of American jurors who helped make our laws fairer. [This] information ... about a constitutional doctrine called “jury nullification” is absolutely true. But if federal prosecutors in New York get their way, telling the truth to potential jurors could result in a six-month prison sentence. Earlier this year, prosecutors charged Julian P. Heicklen, a retired chemistry professor, with jury tampering because he stood outside the federal courthouse in Manhattan providing information about jury nullification to passers-by. The prosecutors in this case are wrong. The First Amendment exists to protect speech like this — honest information that the government prefers citizens not know. Laws against jury tampering are intended to deter people from threatening or intimidating jurors. To contort these laws to justify punishing Mr. Heicklen, [is] unconstitutional. Jury nullification is not new; its proponents have included John Hancock and John Adams. The doctrine is premised on the idea that ordinary citizens, not government officials, should have the final say as to whether a person should be punished. As Adams put it, it is each juror’s “duty” to vote based on his or her “own best understanding, judgment and conscience, though in direct opposition to the direction of the court.”

Note: For more on the important, yet little-known right of jury nullification, click here.


Local police stockpile high-tech, combat-ready gear
2011-12-21, NPR/Center for Investigative Reporting
http://americaswarwithin.org/articles/2011/12/21/local-police-stockpile-high-...

If terrorists ever target Fargo, N.D., the local police will be ready. In recent years, they have bought bomb-detection robots, digital communications equipment and Kevlar helmets, like those used by soldiers in foreign wars. For local siege situations requiring real firepower, police there can use a new $256,643 armored truck, complete with a rotating turret. Until that day, however, the menacing truck is mostly used for training runs and appearances at the annual Fargo picnic, where it’s been displayed near a children’s bounce house. Fargo, like thousands of other communities in every state, has been on a gear-buying spree with the aid of more than $34 billion in federal government grants since the Sept. 11, 2001, terrorist attacks on New York and the Pentagon. The federal grant spending, awarded with little oversight from Washington, has fueled a rapid, broad transformation of police operations in Fargo and in departments across the country. More than ever before, police rely on quasi-military tactics and equipment. A review of records from 41 states obtained through open-government requests, and interviews with more than two-dozen current and former police officials and terrorism experts, shows police departments around the U.S. have transformed into small army-like forces. Many police, including beat cops, now routinely carry assault rifles.

Note: For lots more on the militarization of US police from reliable sources, click here and here.


Alarm as Dutch lab creates highly contagious killer flu
2011-12-20, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/news/science/alarm-as-dutch-lab-creates-highly-c...

A deadly strain of bird flu with the potential to infect and kill millions of people has been created in a laboratory by European scientists – who now want to publish full details of how they did it. Some scientists are questioning whether the research should ever have been undertaken in a university laboratory, instead of at a military facility. For the first time the researchers have been able to mutate the H5N1 strain of avian influenza so that it can be transmitted easily through the air in coughs and sneezes. Until now, it was thought that H5N1 bird flu could only be transmitted between humans via very close physical contact. Dutch scientists carried out the controversial research to discover how easy it was to genetically mutate H5N1 into a highly infectious "airborne" strain of human flu. They believe that the knowledge gained will be vital for the development of new vaccines and drugs. But critics say the scientists have endangered the world by creating a highly dangerous form of flu which could escape from the laboratory. The H5N1 strain of avian influenza has killed hundreds of millions of birds since it first appeared in 1996, but has so far infected only about 600 people who came into direct contact with infected poultry. What makes H5N1 so dangerous, though, is that it has killed about 60 per cent of those it has infected, making it one of the most lethal known forms of influenza in modern history – a deadliness moderated only by its inability (so far) to spread easily through airborne water droplets.

Note: For key major media reports revealing manipulation around both the avian and swine flus, click here. For solid evidence that Lyme disease originated in a secret government germ laboratory, click here.


Japan releases ambitious 40-year roadmap to fully close crippled Fukushima nuclear plant
2011-12-20, Washington Post/Associated Press
http://www.washingtonpost.com/world/asia-pacific/japan-releases-new-40-year-p...

Japan’s government [has said] that it could take 40 years to clean up and fully decommission [the Fukushima reactors]. Plant operator Tokyo Electric Power Co. will start removing spent fuel rods within two to three years from their pools. After that is completed, TEPCO will start removing the melted fuel, most of which is believed to have fallen to the bottom of the core or even down to the bottom of the larger, beaker-shaped containment vessel, a process that is expected to begin in 10 years and [be] completed 25 years from now. Completely decommissioning the plant would require five to 10 more years after the fuel debris removal, making the entire process up to 40 years. The process still requires the development of robots and technology that can do much of the work remotely because of extremely high radiation levels inside the reactor buildings. The operator and the government would also have to ensure a stable supply of workers and save them from exceeding exposure limits while keeping the long process going. They also have to figure out ways to access each containment vessel and assess the extent of damage, as well as locate holes and cracks through which cooling water is leaking and flooding the area. Another problem is huge volume of radioactive waste and debris that will come out of the plant during its dismantling process. Officials said they have not decided what to do with them and that part is not covered by the 40-year roadmap.

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


Medical Journal Article: 14,000 U.S. Deaths Tied to Fukushima Reactor Disaster Fallout
2011-12-19, Sacramento Bee (the leading newspaper of California's capitol)
http://www.sacbee.com/2011/12/19/4132989/medical-journal-article-14000.html

An estimated 14,000 excess deaths in the United States are linked to the radioactive fallout from the disaster at the Fukushima nuclear reactors in Japan, according to a major new article in the December 2011 edition of the International Journal of Health Services. This is the first peer-reviewed study published in a medical journal documenting the health hazards of Fukushima. Authors Joseph Mangano and Janette Sherman note that their estimate of 14,000 excess U.S. deaths in the 14 weeks after the Fukushima meltdowns is comparable to the 16,500 excess deaths in the 17 weeks after the Chernobyl meltdown in 1986. The rise in reported deaths after Fukushima was largest among U.S. infants under age one. The 2010-2011 increase for infant deaths in the spring was 1.8 percent, compared to a decrease of 8.37 percent in the preceding 14 weeks. The IJHS article [is] available online ... at http://www.radiation.org. Internist and toxicologist Janette Sherman, MD, said: "Based on our continuing research, the actual death count [in the US] may be as high as 18,000, with influenza and pneumonia, which were up five-fold in the period in question as a cause of death. Deaths are seen across all ages, but we continue to find that infants are hardest hit because their tissues are rapidly multiplying, they have undeveloped immune systems, and the doses of radioisotopes are proportionally greater than for adults."

Note: To read the report (in pdf format) on excess mortality in the US already caused by the Fukushima meltdowns, click here.


Secrecy defines Obama’s drone war
2011-12-19, Washington Post
http://www.washingtonpost.com/world/national-security/secrecy-defines-obamas-...

Since September, at least 60 people have died in 14 reported CIA drone strikes in Pakistan’s tribal regions. The Obama administration has named only one of the dead, hailing the elimination of Janbaz Zadran, a top official in the Haqqani insurgent network, as a counterterrorism victory. The identities of the rest remain classified, as does the existence of the drone program itself. The administration ... has parried reports of collateral damage and the alleged killing of innocents by saying that drones, with their surveillance capabilities and precision missiles, result in far fewer mistakes than less sophisticated weapons. Yet in carrying out hundreds of strikes over three years — resulting in an estimated 1,350 to 2,250 deaths in Pakistan — it has provided virtually no details to support those assertions. The rapid expansion in the size and scope of the drone campaign as the U.S. wars in Iraq and Afghanistan have been winding down has led to increased criticism from human rights and international law experts, many of whom dispute the legal justification for the program. Much of the resistance to increased disclosure has come from the CIA, which has argued that the release of any information about the program, particularly on how targets are chosen and strikes approved, would aid the enemy. The Defense Department’s Joint Special Operations Command (JSOC), which has carried out strikes in Yemen and Somalia, refuses to discuss drones or any other aspect of its secret counterterrorism operations.

Note: For key reports from major media sources on government secrecy, click here.


Latin American leaders assail U.S. drug ‘market’
2011-12-19, Washington Post
http://www.washingtonpost.com/world/latin-american-leaders-assail-us-drug-mar...

Latin American leaders have joined together to condemn the U.S. government for soaring drug violence in their countries, blaming the United States for the transnational cartels that have grown rich and powerful smuggling dope north and guns south. “Our region is seriously threatened by organized crime, but there is very little responsibility taken by the drug-consuming countries,” Guatemalan President Alvaro Colom said at a December meeting of Latin leaders in Caracas. Colom said the hemisphere was paying the price for drug consumption in the United States with “our blood, our fear and our human sacrifice.” With transit countries facing some of the highest homicide rates in the world, so great is the frustration that the leaders are demanding that the United States and Europe consider steps toward legalization if they do not curb their appetite for drugs. At a regional summit this month in Mexico, attended by the leaders of 11 Latin American and Caribbean countries, officials declared that “the authorities in consumer countries should explore all possible alternatives to eliminate exorbitant profits of criminals, including regulatory or market options.” “Market options” is diplomatic code for decriminalization. The critique comes from sitting presidents left to right, from persistent U.S. antagonists such as President Hugo Chavez of Venezuela, and from close U.S. allies such as President Juan Manuel Santos of Colombia, which has received almost $9 billion in aid to fight the cartels.

Note: Have you noticed that whenever the government declares a war on something (drugs, terrorism, etc.), it usually leads to an increase of whatever is being targeted?


Wall Street shenanigans fuel public distrust
2011-12-18, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/12/17/IN5N1MBT60.DTL

Wall Street is its own worst enemy. It's busily shredding new regulations and making the public more distrustful than ever. The Street's biggest lobbying groups have just filed a lawsuit against the Commodities Futures Trading Commission, seeking to overturn its new rule limiting speculative trading in food, oil and other commodities. The Street makes bundles from these bets, but they have raised costs for consumers. In other words, a small portion of what you and I pay for food and energy has been going into the pockets of Wall Street. Just another redistribution from the middle class and the poor to the top. The Street argues that the commission's cost-benefit analysis wasn't adequate. Putting the question into the laps of federal judges gives the Street a huge tactical advantage because the Street has almost an infinite amount of money to hire so-called "experts" who will say benefits have been exaggerated and costs underestimated. But when it comes to regulating Wall Street, one big cost doesn't make it into any individual weighing: the public's mounting distrust of the entire economic system, generated by the Street's repeated abuse of the public's trust. Wall Street's shenanigans have convinced a large portion of America that the economic game is rigged. Wall Street has blanketed America in a miasma of cynicism.

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.


Why Is the N.Y.P.D. After Me?
2011-12-18, New York Times
http://www.nytimes.com/2011/12/18/opinion/sunday/young-black-and-frisked-by-t...

When I was 14, my mother told me not to panic if a police officer stopped me. And she cautioned me to carry ID and never run away from the police or I could be shot. In the nine years since my mother gave me this advice, I have had numerous occasions to consider her wisdom. One evening in August of 2006, I was celebrating my 18th birthday with my cousin and a friend. We were ... enjoying the evening when suddenly, and out of nowhere, squad cars surrounded us. A policeman yelled from the window, "Get on the ground!" Then I was on the ground - with a gun pointed at me. In the spring of 2008, N.Y.P.D. officers stopped and frisked me, again. I was stopped again in September of 2010. It was the same routine: I was stopped, frisked, searched, ID'd and let go. For a black man in his 20s like me, it's just a fact of life in New York. Here are a few other facts: last year, the N.Y.P.D. recorded more than 600,000 stops; 84 percent of those stopped were blacks or Latinos. Police are far more likely to use force when stopping blacks or Latinos than whites. These stops are part of a larger, more widespread problem - a racially discriminatory system of stop-and-frisk in the N.Y.P.D. The police use the excuse that they're fighting crime to continue the practice, but no one has ever actually proved that it reduces crime or makes the city safer. Those of us who live in the neighborhoods where stop-and-frisks are a basic fact of daily life don't feel safer as a result.

Note: For key reports on government threats to civil liberties from reliable sources, click here.


Japan declares Fukushima Daiichi nuclear plant stable, in ‘cold shutdown’
2011-12-16, Washington Post
http://www.washingtonpost.com/world/asia_pacific/japan-declares-fukushima-dai...

The Japanese government [has] declared that the Fukushima Daiichi nuclear plant had reached a stable state known as “cold shutdown.” But the formal status change at the plant, experts cautioned, means only that its problems have become less dire; they have not disappeared. The plant still leaks radiation into the sea. Its makeshift cooling system is vulnerable to earthquakes. And the cleanup work remains dangerous, with many flooded and debris-strewn areas of the reactor buildings difficult even for robots to access. In normal circumstances, a reactor in cold shutdown mode is entirely stable, its fuel intact, with no chance of a chain reaction. To achieve its version of a cold shutdown at Fukushima Daiichi, ... Japan had to loosen the definition. Fukushima now meets the government’s requirements because temperatures at the bottom of the three damaged reactor pressure vessels have dropped below 100 degrees Celsius (212 degrees Fahrenheit). Airborne leaks into the environment have also been almost halted. The declaration poses new questions for many of the 80,000 people who fled towns around the plant ... since the government had made the cold shutdown a precondition for even considering reopening parts of the no-go zone to residents. Many areas within the no-entry zone — a 12-mile radius around the plant — will be uninhabitable for decades, maybe longer.

Note: For further information on the claim of "cold shutdown" at Fukushima, click here and here.


Military given go-ahead to detain US terrorist suspects without trial
2011-12-15, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/world/2011/dec/15/americans-face-guantanamo-detenti...

Barack Obama has abandoned a commitment to veto a new security law that allows the military to indefinitely detain without trial American terrorism suspects arrested on US soil who could then be shipped to Guantánamo Bay. Human rights groups accused the president of deserting his principles and disregarding the long-established principle that the military is not used in domestic policing. The legislation has also been strongly criticised by libertarians on the right angered at the stripping of individual rights for the duration of "a war that appears to have no end". The law ... effectively extends the battlefield in the "war on terror" to the US and applies the established principle that combatants in any war are subject to military detention. The law's critics describe it as a draconian piece of legislation that extends the reach of detention without trial to include US citizens arrested in their own country. "It's something so radical that it would have been considered crazy had it been pushed by the Bush administration," said Tom Malinowski of Human Rights Watch. "It establishes precisely the kind of system that the United States has consistently urged other countries not to adopt. At a time when the United States is urging Egypt, for example, to scrap its emergency law and military courts, this is not consistent."

Note: The implications of the passage of this bill to authorize the US military to carry out domestic arrest and imprisonment of US citizens have hardly been reported on by the major media. The defense authorization bill undermines protections established by the Bill of Rights and the Posse Comitatus Act against use of US military forces in domestic control and arrest. For further analysis of the implications of this legislation, click here and here.


Silicon Valley firms dodging taxes, report says
2011-12-15, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/12/14/MN9C1MCI25.DTL

Silicon Valley technology firms that are lobbying Congress to slash taxes on money they bring home from abroad, arguing that doing so would help them create millions of jobs, already send more than half that money back to the United States without paying taxes, according to a Senate investigation. The corporate tax code permits Google, Cisco, Apple, Adobe Systems, Oracle and other U.S. multinational corporations surveyed to invest nearly $250 billion in the United States without paying the 35 percent corporate tax rate that applies to repatriated foreign earnings, according to the report by the Senate's Permanent Subcommittee on Investigations. The corporations, which are not allowed to invest the money in their own companies, can escape the 35 percent tax if they invest in other domestic assets, such as stocks, bonds and bank deposits. Silicon Valley's technology giants have banded together with pharmaceutical companies and other multinationals in the Win America Coalition in an attempt to get Congress to cut their tax rate from 35 percent to just over 5 percent on overseas earnings they bring home. The survey data showed that Adobe, Apple, Broadcom, Cisco and Google have invested 76 to 100 percent of their foreign earnings in U.S. stocks, bonds, bank deposits and other domestic assets, a greater share than the other companies surveyed.

Note: For lots more on corporate and government corruption, click here and here.


Derivatives industry eyes UK Lehman appeal ruling
2011-12-14, Reuters News Agency
http://www.reuters.com/article/2011/12/14/britain-derivatives-idUSL6E7NE1YQ20...

Regulators and the world's $700 trillion derivatives industry are closely watching a legal battle that began in Britain ... and which will fuel a sea change in swaps payouts. Four cases, including one involving a unit of collapsed U.S. bank Lehman Brothers, are being presented in a five-day hearing at the UK Court of Appeal. All revolve around payouts under the derivatives industry's "master agreement", a framework contract. A bank that trades swaps with another bank typically has one master agreement which sets the terms for millions of transactions between them. The master agreement ... covers around 90 percent of off-exchange derivatives transactions. Under the agreement, Lehman's bankruptcy is considered a default. However, in the four cases before the court this week, the other party in the contracts elected not to terminate them because they would have had to pay out to the defunct bank.

Note: Like most reporting in the major media, this article trivializes the massive size of the derivatives market. $700 trillion is equivalent to $100,000 for every man, woman, and child in the world! Do you think the financial industry is out of control? For lots more powerful, reliable information on major banking manipulations, click here. For a powerful analysis of just how crazy things have gotten and with some rays of hope by researcher David Wilcock, click here.


Person of the Year Introduction
2011-12-14, Time Magazine
http://www.time.com/time/specials/packages/article/0,28804,2101745_2102139_21...

No one could have known that when a Tunisian fruit vendor set himself on fire in a public square in a town barely on a map, he would spark protests that would bring down dictators in Tunisia, Egypt and Libya and rattle regimes in Syria, Yemen and Bahrain. Or that that spirit of dissent would spur Mexicans to rise up against the terror of drug cartels, Greeks to march against unaccountable leaders, Americans to occupy public spaces to protest income inequality, and Russians to marshal themselves against a corrupt autocracy. Protests have now occurred in countries whose populations total at least 3 billion people, and the word protest has appeared in newspapers and online exponentially more this past year than at any other time in history. Everywhere, it seems, people said they'd had enough. They dissented; they demanded; they did not despair, even when the answers came back in a cloud of tear gas or a hail of bullets. The root of the word democracy is demos, "the people," and the meaning of democracy is "the people rule." And they did, if not at the ballot box, then in the streets. Protest is in some ways the source code for democracy — and evidence of the lack of it. For steering the planet on a more democratic though sometimes more dangerous path for the 21st century, the Protester is TIME's 2011 Person of the Year.

Note: For a treasure trove of reports from major media sources that explain why protestors worldwide have been occupying their cities, click 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.

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