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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.


UFO 'appeared above jazz stage at Glastonbury'
2009-08-18, CNN News
http://edition.cnn.com/2009/WORLD/europe/08/17/ufo.sightings/index.html

An alien with a lemon-shaped head and a jazz-themed encounter with a UFO at the Glastonbury Festival are among hundreds of UFO sightings detailed in the latest batch of documents released Monday by the UK's Ministry of Defence. Fourteen files, containing over 4,000 pages of UFO sightings from 1981 to 1996, have now been placed on Britain's National Archives database and are publicly available online. The sightings range from lights in the sky to close contact with aliens, and the files contain detailed analysis on some of the UK's most popular cases -- a number of which remain officially unexplained. The files ... shed new light on Britain's own 'Roswell', the Rendlesham Forest sightings of December 1980 in which American air force men saw a series of mysterious lights in the trees at the perimeter of an air base used by the U.S. Air Force. The then government of Margaret Thatcher was quick to dismiss the incident, but a letter from a former chief of defense staff in 1985 warned that the affair could prove a 'banana skin' for the Ministry of Defence. "The case has puzzling and disquieting features which have never been satisfactorily explained ... which continue to preoccupy informed sections of the public," said the letter. This latest release of documents represents the fourth set of UFO files released since 2008 as part of a three-year project in conjunction with the National Archives.

Note: For a powerful two-page summary of evidence for UFOs presented by highly respected and credible former government and military personnel from many countries, click here. For excellent information on the Rendlesham Forest case, click here.


MoD's latest UFO files reveal saucerful of secrets
2009-08-17, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/uk/2009/aug/17/mod-report-ufo-sightings

Two terrified youths who ran into a Staffordshire police station were in no doubt they had seen a UFO land in a field near Chasetown after they experienced an intense heat when they were walking up Rugeley Road, Burntwood, at 11pm on 4 May 1995. "Their skin turned a glowing red," said the Staffordshire police inspector's report. "They saw a darkish silver inverted saucer shaped object in a field, which was glowing red beneath. The object was about four houses high in the sky and about 40ft away from them. Neither was drunk or under the influence of illegal substances and the next day both provided the police with detailed written reports of what they had seen. The release of the latest batch of the Ministry of Defence's UFO files reveals a hidden British obsession with flying saucers and such close encounters. Bright lights seen across Devon and Cornwall, South Wales and Shropshire in the early hours of 31 March 1993 by 70 police and military witnesses were documented in more than 30 sightings reported to the MoD over a six-hour period. The reports said it was very big, shaped like a catamaran and was completely silent. The head of the UFO section told Sir Anthony Bagnall, the assistant chief of the air staff, that given the quality of the witnesses the sightings could not simply be written off: "It seems that an unidentified object of unknown origin was operating in the UK air defence region without being detected on radar; this would appear to be of considerable defence significance."

Note: For a powerful two-page summary of evidence for UFOs presented by highly respected and credible former government and military personnel from many countries, click here.


Swine flu jab link to killer nerve disease: Leaked letter reveals concern of neurologists
2009-08-15, Daily Mail (One of the U.K.'s most popular newspapers)
http://www.dailymail.co.uk/news/article-1206807/Swine-flu-jab-link-killer-ner...

A warning that the new swine flu jab is linked to a deadly nerve disease has been sent by the Government to senior neurologists in a confidential letter. The letter from the Health Protection Agency, the official body that oversees public health, has been leaked to The Mail on Sunday, leading to demands to know why the information has not been given to the public before the vaccination of millions of people, including children, begins. [The letter] tells the neurologists that they must be alert for an increase in a brain disorder called Guillain-Barre Syndrome (GBS), which could be triggered by the vaccine. GBS attacks the lining of the nerves, causing paralysis and inability to breathe, and can be fatal. The letter, sent to about 600 neurologists on July 29, is the first sign that there is concern at the highest levels that the vaccine itself could cause serious complications. It refers to the use of a similar swine flu vaccine in the United States in 1976 when: * More people died from the vaccination than from swine flu. * 500 cases of GBS were detected. * The vaccine may have increased the risk of contracting GBS by eight times. * The vaccine was withdrawn after just ten weeks when the link with GBS became clear. * The US Government was forced to pay out millions of dollars to those affected. Concerns have already been raised that the new vaccine has not been sufficiently tested and that the effects, especially on children, are unknown. The British Neurological Surveillance Unit (BNSU), part of the British Association of Neurologists, has been asked to monitor closely any cases of GBS as the vaccine is rolled out. One senior neurologist said last night: ‘I would not have the swine flu jab because of the GBS risk.’

Note: For more on the swine flu scare and the dangers of vaccines, click here.


Health Care Battle: Lobbyists Outnumber Lawmakers
2009-08-14, ABC News
http://abcnews.go.com/Politics/HealthCare/story?id=8322683

The time, money and manpower that lobbying firms devote to courting lawmakers reveals an investment inside the Beltway of staggering proportions. For every lawmaker in Congress, there are about six lobbyists pushing their health care priorities, according to a Bloomberg News investigation released today. That's about 3,300 registered health care lobbyists working Capitol Hill. A total of $263 million has been spent on health lobbying in 2009, according to the latest data from the Center for Responsive Politics. That's more money spent on health than any other sector this year. The list of the top 20 spenders in 2009 across all sectors includes the U.S. Chamber of Commerce at No. 1, spending more than $26 million, Pharmaceutical Research and Manufacturers of America (PhRMA) at No. 3, spending $13 million, and Pfizer in the No. 6 spot, spending $11 million. Also joining the ranks of the top 20 spenders this year are Blue Cross Blue Shield, AARP, American Hospital Association, American Medical Association and Eli Lilly, each having doled out between $7 and $10 million this year. Wendell Potter, a 20-year health insurance veteran and former CIGNA vice president, ... spoke out about insurance companies operating behind the scenes. Potter recalled previous health care fights, saying insurers have undoubtedly tried to shape the battle. "It is usually done through the PR firms that work for them," Potter said. "They want to keep their fingerprints off stuff like that. "With this history, you can rest assured that the industry is up to the same dirty tricks, using the same devious PR practices it has used for many years to kill reform this year, or even better, to shape it so that it benefits insurance companies and their Wall Street investors far more than average Americans," he said.

Note: For lots more on the corrupt medical/governmental complex, click here.


California's Prison Crisis: Be Very Afraid
2009-08-14, Time magazine
http://www.time.com/time/nation/article/0,8599,1916427,00.html

To some criminal-justice experts the violence that erupted [at a prison] located about 40 miles east of Los Angeles, was an inevitable consequence of a state prison system long hobbled by massive overcrowding, program cuts and understaffed facilities. And given the state's ongoing budget woes — with $1.2 billion in cuts mandated to the prison budget — the situation is likely to only get worse. "Overcrowding is the first issue," says Barry Krisberg, president of the National Council on Crime and Delinquency. "You're talking about hundreds of men moved into triple bunks in what used to be gyms and cafeterias. They're not even cells. They're just empty places where we're shoving people." In addition to overcrowding, the state's corrections efforts are the nation's most expensive — and one of the least effective. The state spends $10 billion annually, or $49,000 per inmate for a year in custody, according to statistics from the nonpartisan policy-advising group Legislative Analyst's Office. Yet, California's recidivism rate is 70%, one of the worst in the country.

Note: At $49,000 per year per inmate, do you think there might be a better way to rehabilitate these people?


Oil lobby to fund campaign against Obama's climate change strategy
2009-08-14, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/environment/2009/aug/14/us-lobbying

The US oil and gas lobby are planning to stage public events to give the appearance of a groundswell of public opinion against legislation that is key to Barack Obama's climate change strategy. A key lobbying group will bankroll and organise 20 "energy citizen" rallies in 20 states. In an email obtained by Greenpeace, Jack Gerard, the president of the American Petroleum Institute (API), outlined what he called a "sensitive" plan to stage events during the August congressional recess to put a "human face" on opposition to climate and energy reform. "Our goal is to energise people and show them that they are not alone," said Cathy Landry, for API, who confirmed that the memo was authentic. The email from Gerard lays out ambitious plans to stage a series of lunchtime rallies to try to shape the climate bill that was passed by the house in June and will come before the Senate in September. "We must move aggressively," it reads.The API strategy also extends to a PR drive. Gerard cites polls to test the effectiveness of its arguments against climate change legislation. It offers up the "energy citizen" rallies as ready-made events, noting that allies – which include manufacturing and farm alliances as well as 400 oil and gas member organisations – will have to do little more than turn up. "API will provide the up-front resources," the email said. "This includes contracting with a highly experienced events management company that has produced successful rallies for presidential campaigns."

Note: For important reports from major media sources on global warming and oil company manipulation of public perception, click here.


A Window Into C.I.A.'s Embrace of Secret Jails
2009-08-13, New York Times
http://www.nytimes.com/2009/08/13/world/13foggo.html

In March 2003, two C.I.A. officials surprised Kyle D. Foggo, then the chief of the agency's main European supply base, with an unusual request. They wanted his help building secret prisons to hold some of the world's most threatening terrorists. Mr. Foggo, nicknamed Dusty, ... agreed to the assignment. With that, Mr. Foggo went on to oversee construction of three detention centers, each built to house about a half-dozen detainees. The existence of the network of prisons to detain and interrogate [captives] has long been known, but details about them have been a closely guarded secret. In recent interviews, though, several former intelligence officials have provided a fuller account. Mr. Foggo acknowledged a role, which has never been previously reported. He pleaded guilty last year to a fraud charge involving a contractor that equipped the C.I.A. jails and provided other supplies to the agency, and he is now serving a three-year sentence in a Kentucky prison. Eventually, the agency's network would encompass at least eight detention centers, including one in the Middle East, one each in Iraq and Afghanistan and a maximum-security long-term site at Guantanamo Bay, Cuba. The C.I.A. has never officially disclosed the exact number of prisoners it once held, but top officials have put the figure at fewer than 100. Mr. Foggo's success in Frankfurt, including his work on the prisons, won him a promotion back in Washington. In November 2004, he was named the C.I.A.'s executive director, in effect its day-to-day administrative chief. "It was like taking a senior NCO and telling him he now runs the regiment," said A. B. Krongard, the C.I.A.'s executive director from 2001 to 2004. "It popped people's eyes."

Note: Kyle "Dusty" Foggo's case is highly unusual. Very few high-level CIA officers have ever been imprisoned for corruption. His predecessor as Executive Director of the CIA, quoted in the article above, A.B. "Buzzy" Krongard, who held the office on 9/11, had been the chief executive of a branch of the investment company which placed the still unexplained "put options" on American and United Airlines stocks the week before the attacks, resulting in hundreds of millions of dollars of profits to "unknown" parties.


Questions for Dr. Marcia Angell
2009-08-12, New York Times blog
http://prescriptions.blogs.nytimes.com/2009/08/12/questions-for-dr-marcia-angell

[Anne Underwood:] President Obama hopes to increase the number of Americans with insurance and to rein in costs. Do you believe any of the plans under consideration by Congress will accomplish those goals? [Dr. Marcia Angell:] They won’t, and that’s the essential problem. If you keep health care in the hands of for-profit companies, you can do one or the other — increase coverage by putting more money into the system, or control costs by decreasing coverage. But you cannot do both unless you change the basic structure of the system. Q. Segments of the health care industry — pharmaceutical companies, for instance — are promising to cut costs. A. It’s not going to happen. These are investor-owned companies. Their fiduciary responsibility is to maximize profits. If they behaved like charities, heads would roll in the executive suites. Q. But what about market mechanisms for reducing costs? Wouldn’t the public option, for instance, provide competition for the insurance companies? A. Theoretically it would, but I doubt the public plan will pass. Industry is lobbying against it, and the president has not said this is a “must.” Even if it does pass, I’m afraid the private insurance industry will use their clout in Congress — and they have enormous clout in Congress — to hobble the public option and use it as a dumping ground for the sickest while they cream off the young and healthy for themselves. Q. How? Won’t insurance companies have to cover all applicants regardless of health status? A. It’s hard to regulate an enormous industry without setting up a bureaucracy to oversee it. That’s very expensive and creates a whole new set of problems.

Note: Dr. Marcia Angell is a senior lecturer in social medicine at Harvard Medical School and former editor of The New England Journal of Medicine. A longtime critic of the pharmaceutical industry, she has called for an end to market-driven delivery of health care in the United States. To read a two-page summary of her critique of market-driven health care, click here.


2 U.S. Architects of Harsh Tactics in 9/11's Wake
2009-08-12, New York Times
http://www.nytimes.com/2009/08/12/us/12psychs.html

Jim Mitchell and Bruce Jessen were military retirees and psychologists, on the lookout for business opportunities. They found an excellent customer in the Central Intelligence Agency, where in 2002 they became the architects of the most important interrogation program in the history of American counterterrorism. They had never carried out a real interrogation, only mock sessions in the military training they had overseen. They had no relevant scholarship; their Ph.D. dissertations were on high blood pressure and family therapy. They had no language skills and no expertise on Al Qaeda. But they had psychology credentials. Seven months after President Obama ordered the C.I.A. interrogation program closed, its fallout still commands attention. In the next few weeks, Attorney General Eric H. Holder Jr. is expected to decide whether to begin a criminal torture investigation, in which the psychologists' role is likely to come under scrutiny. The Justice Department ethics office is expected to complete a report on the lawyers who pronounced the methods legal. And the C.I.A. will soon release a highly critical 2004 report on the program by the agency's inspector general. The psychologists' ... fall from official grace has been as swift as their rise in 2002. With a possible criminal inquiry looming, Dr. Mitchell and Dr. Jessen have retained a well-known defense lawyer, Henry F. Schuelke III. Mr. Schuelke said they would not comment for this article.

Note: For lots more from reliable sources on the torture employed by the CIA and US military in "the war on terror," click here.


U.S. battling CIA rendition case in 3 courts
2009-08-10, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/09/BAHQ195SJR.DTL

The Obama administration is fighting on multiple fronts - in courts in San Francisco, Washington and London - to keep an official veil of secrecy over the treatment of a former prisoner who says he was tortured at Guantanamo Bay. The administration has asked a federal appeals court in San Francisco to reconsider its ruling allowing Binyam Mohamed and four other former or current prisoners to sue a Bay Area company for allegedly flying them to overseas torture chambers for the CIA. Most recently, a British government lawyer told her nation's High Court last month that Secretary of State Hillary Rodham Clinton had threatened to limit U.S. intelligence-sharing with Great Britain if the court disclosed details of Mohamed's treatment in Guantanamo. The British court declared in August 2008 that there was evidence Mohamed had been tortured, but deleted the details from its public version of the ruling at the Bush administration's insistence. Mohamed, 30, an Ethiopian refugee and British resident, ... and four other men have sued Jeppesen Dataplan, a San Jose subsidiary of the Boeing Co., for its alleged role in arranging their flights for the CIA. A Council of Europe report in 2007 described Jeppesen as the CIA's aviation services provider. The Ninth U.S. Circuit Court of Appeals in San Francisco reinstated the suit in April, rejecting arguments originally made by the Bush administration that the case posed grave risks to national security. Obama administration lawyers endorsed those arguments at a hearing in February and have asked the court for a rehearing. Mohamed's lawyers, Clive Stafford Smith and Ahmad Ghappour of the British human-rights group Reprieve, were threatened with jail after drafting a letter to Obama in February urging him to release the evidence of their client's treatment in U.S. custody or to authorize Britain to do so.

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


Judge: CIA interrogations not relevant to 9/11 accused's sanity
2009-08-10, Miami Herald
http://www.miamiherald.com/news/americas/guantanamo/story/1179756.html

U.S. military defense lawyers for accused 9/11 conspirator Ramzi bin al Shibh cannot learn what interrogation techniques CIA agents used on the Yemeni before he was moved to Guantánamo to be tried as a terrorist, an Army judge has ruled. Bin al Shibh, 37, is one of five men charged in a complex death penalty prosecution by military commission currently under review by the Obama administration. But his lawyers say he suffers a "delusional disorder," and hallucinations in his cell at Guantánamo may leave him neither sane enough to act as his own attorney nor to stand trial. Prison camp doctors treat him with psychotropic drugs. Army Col. Stephen Henley, the military judge on the case, has scheduled a competency hearing for mid-September. Meantime, the judge ruled on Aug. 6 that "evidence of specific techniques employed by various governmental agencies to interrogate the accused is . . . not essential to a fair resolution of the incompetence determination hearing in this case." Prosecutors had invoked a national security privilege in seeking to shield the details from defense lawyers. Many of the techniques used on the men have already been made public. They included waterboarding, sleep deprivation and sexual humiliation methods meant to break a captive's will. But Navy Cmdr. Suzanne Lachelier, the Yemeni's Pentagon appointed defense attorney, said court-approved mental health experts -- as well as the judge -- need to know the specifics to assess her client's mental illness. If he suffers post-traumatic stress disorder as a result of his CIA interrogations, there may be PTSD treatments that could make him competent.

Note: For many reports from reliable sources on the hidden realities of "the war on terror," click here.


Where did that bank bailout go? Watchdogs aren't sure
2009-08-09, Sacramento Bee/McClatchy News
http://www.sacbee.com/838/story/2094756.html

Although hundreds of well-trained eyes are watching over the $700 billion that Congress last year decided to spend bailing out the nation's financial sector, it's still difficult to answer some of the most basic questions about where the money went. Despite a new oversight panel, a new special inspector general, the existing Government Accountability Office and eight other inspectors general, those charged with minding the store say they don't have all the weapons they need. Ten months into the Troubled Asset Relief Program, some members of Congress say that some oversight of bailout dollars has been so lacking that it's essentially worthless. "TARP has become a program in which taxpayers are not being told what most of the TARP recipients are doing with their money, have still not been told how much their substantial investments are worth, and will not be told the full details of how their money is being invested," a special inspector general over the program reported last month. The "very credibility" of the program is at stake, it said. The program was controversial from the start. Critics say it's unfairly rewarded the big banks and Wall Street firms that pushed the economy to the brink.

Note: For many revealing reports from reliable sources on the hidden realities of the Wall Street bailout, click here.


Ministers must explain destruction of 'torture flight' papers, says panel of MPs
2009-08-09, The Guardian (One of the U.K.'s leading newspapers)
http://www.guardian.co.uk/world/2009/aug/09/diego-garcia-flights-mps-documents

Ministers must explain why crucial documents relating to CIA "torture flights" that stopped on sovereign British territory were destroyed, a panel of MPs has said. In particular, the MPs ... call for an explanation for the missing papers, which might explain the role of Diego Garcia, the British overseas territory, in the US's "extraordinary rendition" programme. The report says: "We recommend that the government discloses how, why and by whom the records relating to flights through Diego Garcia since the start of 2002 were destroyed." Foreign secretary David Miliband admitted 18 months ago that two US planes refuelled on the Indian Ocean island. The committee now wants a detailed account of the record-keeping and disposal policy regarding flights through the territory and "elsewhere through UK airspace". It also criticises the government's inability to offer assurances that ships anchored outside Diego Garcia's waters were not involved in the rendition programme. "The government must address the use of UK airspace for empty flights that may be part of a rendition circuit," says the report. Amnesty International said the MPs' verdict underlined the need for a full, independent inquiry into the UK's involvement in "war on terror" and human rights abuses. The committee also voiced disquiet over claims that British intelligence officers were complicit in the torture of detainees held overseas. According to documents revealed by the high court last month, an MI5 officer visited Morocco three times during the time British resident Binyam Mohamed claims he was secretly interrogated and tortured there.

Note: For many reports from reliable sources on the hidden realities of "the war on terror," click here.


Wish you weren't here: The devastating effects of the new colonialists
2009-08-09, The Independent (One of the U.K.'s leading newspapers)
http://www.independent.co.uk/environment/nature/wish-you-werent-here-the-deva...

Jacques Diouf, head of the United Nations Food and Agriculture Organization, has warned that the world may be slipping into a "neo-colonial" system. The extent of this new colonialism is vast. The buyers are wealthy countries that are unable to grow their own food. The Gulf states are at the forefront of new investments. Saudi Arabia, Bahrain, Kuwait, Oman, Qatar – which between them control nearly 45 per cent of the world's oil – are snapping up agricultural land in fertile countries such as Brazil, Russia, Kazakhstan, Ukraine and Egypt. But they are also targeting the world's poorest countries, such as Ethiopia, Cameroon, Uganda, Zambia and Cambodia. The amounts of land involved are staggering. South Korean companies have bought 690,000 hectares in Sudan, where at least six other countries are known to have secured large land-holdings – and where food supplies for the local population are among the least secure anywhere in the world. The Saudis are negotiating 500,000 hectares in Tanzania. Firms from the United Arab Emirates have landed 324,000 hectares in Pakistan. But they are not the only buyers. Countries with large populations such as China, South Korea and even India are acquiring swathes of African farmland to produce food for export. The Indian government has lent money to 80 companies to buy 350,000 hectares in Africa and recently lowered the tariffs under which Ethiopian agri-products can enter India. One of the biggest holdings of agriculture land in the world is a Bangalore-based company, Karuturi Global, which has recently bought huge areas in Ethiopia and Kenya. Food is not all the new colonialists are after. About a fifth of the massive new deals are for land on which to grow biofuels.


President Obama in 'snooping' row over US car scrappage scheme
2009-08-07, Times of London (One of the U.K.'s leading newspapers)
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6742322.ece

President Obama's effort to revive the American car industry with a "cash-for-clunkers" scheme has become embroiled in a row over government snooping. The problems arose after the Department of Transportation claimed that when dealers logged on to the clunkers website their computers – and everything on them – become the property of the US Government. "This application provides access to the Department of Transportation (DoT) CARS system," the warning message read. "When logged on to the CARS system, your computer is considered a Federal computer system and is the property of the United States Government. Any or all uses of this system and all files on this system may be intercepted, monitored, recorded, copied, audited, inspected, and disclosed to authorised CARS, DoT, and law enforcement personnel, as well as authorised officials of other agencies, both domestic and foreign." By the time the disclaimer had been circulated widely on blogs, posted on YouTube and become the subject of a ferocious on-air editorial by the conservative Fox News host Glenn Beck, the Department of Transportation had issued a statement saying that "we are working to revise the language". No explanation was given as to why the original disclaimer was worded so aggressively. Members of the general public do not need to log on to the website so were not asked to agree to the same conditions as dealers. Mr Obama's ... critics argue that the controversy is another example of the intrusiveness that will accompany the President's plans to expand the role of government in the lives of Americans.

Note: Watch a revealing Fox news video report of this unbelievable development at this link. Big Brother at work.


Legislators for sale
2009-08-03, MSNBC
http://www.msnbc.msn.com/id/32276889/ns/msnbc_tv-countdown_with_keith_olbermann

A special comment on health care reform in this country. The insurance industry owns the Republican Party. Not exclusively. Pharma owns part of it, too. Hospitals and HMO's, another part. Sen. John Thune of South Dakota ... has thus far received from the Health Sector, campaign contributions ... amounting to $1,206,176. How about Rep. Ginny Brown-Waite? Are you truly worth every dollar of the $369,000,255 ... you have received over the years from the Health Sector? [And Democrat] Bart Gordon of Tennessee ... $1,173,000 in donations from the Health Sector. [Democratic Senator] Max Baucus of Montana, ... you're supposed to be negotiating all this out with the Republicans and hesitant Democrats? Your price has been ... $414,000 in donations from hospitals, about $667,000 from the insurance companies and just over $1,000,000 from Big Pharma. Mr. Baucus, you are not the Senator from Schering-Plough Global Health Care, even if they have already given you $76,000 towards your re-election. We could bring up Senator Hagan ... who, at $628,000, appears to represent the insurance industry and not North Dakota. I could bring up Sen. Carper, and Sen. Blanche Lincoln. I could bring up all the other Democrats doing their masters' bidding in the House or the Senate. Every poll, every analysis, every vote, every region of this country supports health care reform, and the essential great leveling agent of a government-funded alternative to ... profiteering private insurance corporations.

Note: For an excellent analysis of the huge influence of the pharmaceutical industry over our government by the former editor-in-chief of the esteemed New England Journal of Medicine, click here. It's time to get the money influence out of politics and shift from our current one dollar equals one vote to one person equals one vote.


Bankers Reaped Lavish Bonuses During Bailouts
2009-07-31, New York Times
http://www.nytimes.com/2009/07/31/business/31pay.html?partner=rss&emc=rss&pag...

Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. Nine of the financial firms that were among the largest recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008, according to a report released Thursday by Andrew M. Cuomo, the New York attorney general. At Goldman Sachs, for example, bonuses of more than $1 million went to 953 traders and bankers, and Morgan Stanley awarded seven-figure bonuses to 428 employees. Even at weaker banks like Citigroup and Bank of America, million-dollar awards were distributed to hundreds of workers. Mr. Cuomo, who for months has criticized the companies over pay, said the bonuses were particularly galling because the banks survived the crisis with the government’s support. “If the bank lost money, where do you get the money to pay the bonus?” he said. All the banks named in the report declined to comment. Incentives that led to large bonuses on Wall Street are often cited as a cause of the financial crisis. Though it has been known for months that billions of dollars were spent on bonuses last year, it was unclear whether that money was spread widely or concentrated among a few workers. The report suggests that those roughly 5,000 people — a small subset of the industry — accounted for more than $5 billion in bonuses. At Goldman, just 200 people collectively were paid nearly $1 billion in total, and at Morgan Stanley, $577 million was shared by 101 people. All told, the bonus pools at the nine banks that received bailout money was $32.6 billion, while those banks lost $81 billion.

Note: How can this happen? Corruption abounds, yet the fact that you are reading this shows we can change it all. For lots more on the realities of the Wall Street bailout, click here.


Bank Bonuses Far Exceeded Profits
2009-07-30, CBS News
http://www.cbsnews.com/stories/2009/07/30/business/main5197668.shtml

Several financial giants that received federal bailout money in the last year paid out bonuses to employees in 2008 that greatly exceeded the amount of profit generated by the banks, according to a study on executive compensation released by New York State Attorney General Andrew Cuomo Thursday. Despite claims by bank executives that bonuses are tied to the company's performance, the report states that "there is no clear rhyme or reason to how the banks compensate or reward their employees." Cuomo's investigation "suggests a disconnect between compensation and bank performance that resulted in a 'heads I win, tails you lose' bonus system." According to the report: • Goldman Sachs, which earned $2.3 billion last year and received $10 billion in TARP funding, paid out $4.8 billion in bonuses in 2008 - more than double their net income. • Morgan Stanley, which earned $1.7 billion last year and received $10 billion in bailout funds, handed out $4.475 billion in bonuses, nearly three times their net income. • JPMorgan Chase, which earned $5.6 billion in 2008 and received $25 billion from the government, paid out $8.69 billion in bonus money. • Citigroup and Merrill Lynch lost a combined $54 billion last year. They received a total of $55 billion in bailouts and paid out $9 billion in combined bonuses. ($5.33 billion for Citigroup; $3.6 billion for Merrill Lynch, which was subsequently acquired by Bank of America.) Bonuses have been a hot-button issue surrounding these federally bailed out banks for months, with company executives facing heat from ... local officials like Cuomo angered by the exorbitant compensation plans for the same people widely seen as responsible for the country's financial crisis.

Note: Click here to read the full report. For lots more on the realities behind the taxpayer bailout of Wall Street, click here.


Fed Struggles with Perceptions of Transparency
2009-07-30, PBS
http://www.pbs.org/newshour/bb/business/july-dec09/federalreserve_07-30.html

PAUL SOLMAN, NewsHour economics correspondent: As the Federal Reserve moved rapidly and radically last year to prevent what it feared was an economic meltdown, it bailed out some institutions, but not others, forced mergers, [and] created hundreds of billions of dollars. The net result: increased suspicion of the Fed itself. That's nothing new. The 1913 act of Congress that established America's central bank was ... a compromise between government ... and private banking interests, which owned the 12 regional Fed branches. [All along,] some Americans have been suspicious of the Fed for operating above politics, too close to bankers, and behind closed doors. Simply Google "Federal Reserve." You encounter everything from skepticism to fear of conspiracy. NARRATOR: With the power to regulate the money supply is also the power to bring entire economies and societies to its knees. DONALD KOHN, Federal Reserve vice chairman: We bring information to bear from the private sector, from foreign governments and foreign central banks that they tell us in confidence about what's going on in their businesses. WILLIAM GREIDER, author, "Secrets of the Temple": You could say, "We have to have our meetings in secret because things will be said that are national security secrets, but we'll vet the transcript and release it four weeks later." Why not do that? SOLMAN: A House bill ... would give the Government Accountability Office the right to audit the Fed's interest rate decisions. Chairman Bernanke opposes it as compromising the Fed's independence.

Note: If you look at the top of any U.S. currency, you will see the words "Federal Reserve Note." U.S. dollars are issued and controlled by the Federal Reserve, which is privately owned, though subject to minimal federal oversight. To see just how much control the Federal Reserve has over the issuance of U.S. currency, see their webpage at this link. For lots more on hidden manipulations of the Federal Reserve, click here.


Flu Vaccine Panel Creates Priority List
2009-07-30, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/29/AR20090729036...

A complicated list of who should get [swine] flu vaccine in the fall is now set. When the vaccine starts arriving in September, first in line will be pregnant women; the caretakers of infants; children and young adults; older people with chronic illness; and health-care workers. That's the advice of a 15-member committee of experts, which met all day Wednesday at the Centers for Disease Control and Prevention in Atlanta to advise the federal government on vaccine policy. The priority list names targeted groups and suggests the order in which they should be vaccinated. "The results of this meeting will kick planning into high gear," said Pascale Wortley of the CDC's Immunization Services Division. "This is a watershed moment." All that's missing is the vaccine, knowledge of how well it works and the nitty-gritty details of how to deliver it to people's arms and noses. The vaccine will come in two forms: the traditional flu shot and a "live" vaccine squirted into the nose that contains a weakened version of the new virus. Some of the vaccine will be stored in multi-dose vials containing thimerosal, an antibacterial additive that contains mercury. But there will also be single-dose syringes without thimerosal, a substance that some assert is harmful to children. Among the many unanswered questions is whether two doses will be necessary to provide full protection, how close in time two shots can be given and how big the dose will be. Vaccination programs may start before the answers are known.

Note: Why is thimerosal being used? It is a mercury additive around which there appears to be a major cover-up. For several other revealing articles which suggest an dangerous agenda with the swine flu vaccine, click here.


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