Please donate here to support this vital work.
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.


Sheen wants to discuss his 9/11 theories with Obama
2009-09-09, Houston Chronicle (One of Houston's leading newspapers)
http://www.chron.com/disp/story.mpl/ent/celebrities/6609335.html

Actor Charlie Sheen has written a letter to President Barack Obama requesting a meeting over Sheen's theories about the 9/11 terrorist attacks. The day of Sept. 11, 2001, saw America hit by the worst terrorist atrocities in the country's history, including an attack in New York which killed almost 3,000 people. Sheen has always been outspoken about his views on the attacks, supporting a conspiracy theory that the U.S. government at the time defrauded the public with its official story about the incident. The star has now written to Obama asking him to reopen the investigation into 9/11. The note, entitled "20 Minutes With The President," is written as a fictional meeting with Obama, in which Sheen urges the leader to follow through his promises of change, accountability and government transparency by using his powers to look into the actions of George W. Bush's previous administration. Sheen hopes the president will take note of his campaign and grant him a meeting.

Note: To watch an excellent six-minute video narrated by Sheen asking hard questions to the president, click here. For a powerful summary of many unanswered questions raised by the official account of 9/11, click here.


Administration Seeks to Keep Terror Watch-List Data Secret
2009-09-06, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2009/09/05/AR20090905022...

The Obama administration wants to maintain the secrecy of terrorist watch-list information it routinely shares with federal, state and local agencies, a move that rights groups say would make it difficult for people who have been improperly included on such lists to challenge the government. Intelligence officials in the administration are pressing for legislation that would exempt "terrorist identity information" from disclosure under the Freedom of Information Act. Such information -- which includes names, aliases, fingerprints and other biometric identifiers -- is widely shared with law enforcement agencies and intelligence "fusion centers," which combine state and federal counterterrorism resources. Advocates for civil liberties and open government argue that the administration has not proved the secrecy is necessary and that the proposed changes could make the government less accountable for errors on watch lists. The proposed FOIA exemption has been included in pending House and Senate intelligence authorization bills at the administration's request. "Instead of enhancing accountability, this would remove accountability one or two steps further away," said Steven Aftergood, director of the Federation of American Scientists' Project on Government Secrecy. David Sobel, senior counsel for the Electronic Frontier Foundation, a privacy advocacy group, said the government has successfully used existing FOIA exemptions to deny requests for watch-list records. Rather than expanding the list of FOIA exemptions, Congress should pay more attention to improving the procedures for helping people who have been improperly included on the watch list, Sobel said. "There's a serious redress problem," he said. "That's the issue that needs to be addressed."

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


Sir Nicholas Winton, the 'British Schindler', meets the Holocaust survivors he helped save
2009-09-04, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/history/world-war-two/6138441/Sir-Nicholas-Winton-...

By virtue of the foresight, humanity and sheer bloody-mindedness of a young British stockbroking clerk called Nicholas Winton, 669 Jewish children were saved from the clutches of the Nazis. On Friday, 22 of them were reunited with their 100-year-old saviour – now Sir Nicholas – who has come to be known as the 'British Schindler'. Between March and August 1939 eight trains carried 669 children to Britain, who otherwise would probably have perished in the death camps. Fifteen thousand Czechoslovakian children died in the war. The ninth train, containing 250 children, was due to leave Prague on 3 September 1939, the day Britain declared war. The Germans never let it leave the station, and most of the children never lived to see 1945. Almost as remarkable as the scheme itself, and a mark of Sir Nicholas's modesty, was that he chose to conceal his achievements for decades. It was only when he wife Greta unearthed a briefcase in the attic contained lists of the children he saved and letters to the parents did he admit his part. He said in 1999: "My wife didn't know about it for 40 years after our marriage, but there are all kinds of things you don't talk about even with your family. "Everything that happened before the war actually didn't feel important in the light of the war itself." He also rejected the comparison with Oskar Schindler, who saved about 1,200 Jews in the war, saying unlike the German his actions never put him in danger.

Note: For a touching, short video on this amazing story, click here. To listen to the story on NPR, click here.


Diebold Exits US Voting-Machine Business
2009-09-03, Wall Street Journal
http://online.wsj.com/article/BT-CO-20090903-714997.html

Diebold Inc. has sold its money-losing U.S. election-systems business, just seven years after acquiring it amid hopes of rising demand for voting technology upgrades in the wake of the 2000 presidential election fiasco. Diebold [said] it sold the voting-machine unit to privately held Election Systems & Software Inc. for $5 million, about one-fifth of what it paid in 2002. "There were assumptions we made in that space that didn't materialize," Diebold spokesman Mike Jacobsen said. Diebold, which was the industry's biggest maker of electronic voting machines heading into the 2004 presidential election, was in the spotlight as concerns increased about the reliability and security of the electronic systems. Diebold also suffered from a perception problem when the company's then-Chief Executive Walden O'Dell very publicly supported and fundraised for President George W. Bush in his re-election campaign.

Note: This article fails to mention that the merger of Diebold and ES&S creates a major monopoly on US voting machines in the hands of companies owned by staunch conservatives. For more vital information on this and the suspicious death of the principal witness related to Karl Rove in an key Ohio elections case, click here.


Pfizer Pays $2.3 Billion to Settle Marketing Case
2009-09-03, New York Times
http://www.nytimes.com/2009/09/03/business/03health.html

The pharmaceutical giant Pfizer agreed to pay $2.3 billion to settle civil and criminal allegations that it had illegally marketed its painkiller Bextra, which has been withdrawn. It was the largest health care fraud settlement and the largest criminal fine of any kind ever. The settlement had been expected. Pfizer, which is acquiring a rival, Wyeth, reported in January that it had taken a $2.3 billion charge to resolve claims involving Bextra and other drugs. It was Pfizer’s fourth settlement over illegal marketing activities since 2002. The government charged that executives and sales representatives throughout Pfizer’s ranks planned and executed schemes to illegally market not only Bextra but also Geodon, an antipsychotic; Zyvox, an antibiotic; and Lyrica, which treats nerve pain. While the government said the fine was a record sum, the $2.3 billion fine amounts to less than three weeks of Pfizer’s sales. Much of the activities cited Wednesday occurred while Pfizer was in the midst of resolving allegations that it illegally marketed Neurontin, an epilepsy drug for which the company in 2004 paid a $430 million fine and signed a corporate integrity agreement — a companywide promise to behave. John Kopchinski, a former Pfizer sales representative whose complaint helped prompt the government’s Bextra case, said that company managers told him and others to dismiss concerns about the Neurontin case while pushing them to undertake similar illegal efforts on behalf of Bextra. “The whole culture of Pfizer is driven by sales, and if you didn’t sell drugs illegally, you were not seen as a team player,” said Mr. Kopchinski.

Note: For lots more on corporate corruption, click here. For a powerful article on the immense political power of pharmaceutical companies by one of the top MDs in the U.S., click here.


American embassy contractors in Kabul accused of ritual abuse
2009-09-02, Times of London (One of the UK's leading newspapers)
http://www.timesonline.co.uk/tol/news/world/Afghanistan/article6817921.ece

Security contractors at the giant US Embassy in Kabul were accused yesterday of fostering a “Lord of the Flies environment” built on abuse and humiliating initiation rituals. The allegations, made by the independent Project On Government Oversight, are contained in a report submitted to Hillary Clinton, the US Secretary of State. The report is based on e-mails, some of which describe the alleged abuse of Afghan nationals. Among those implicated are Britons employed by ArmorGroup North America, the contractor providing security at the embassy, where nearly 1,000 diplomats and support staff work. The report quotes an e-mail from a guard currently working for the contractor, describing scenes of guards and supervisors “peeing on people, eating potato chips out of [buttock] cracks” and drinking “vodka shots out of [buttock] cracks”. In another incident, a male Afghan caterer complained last month of being grabbed by a supervisor and told: “You are very good for f***ing.” The supervisor, who was in only his underwear, also brandished bottles of alcohol. The allegations at the Kabul embassy come in the wake of scandals surrounding Blackwater, another security contractor, in Afghanistan and Iraq, where it has been accused of fraud, abuse and involvement in civilian deaths.

Note: For lots more on the illegal activities of military contractors in Afghanistan and Iraq, click here.


CIA doctors face human experimentation claims
2009-09-02, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/world/2009/sep/02/cia-usa

Doctors and psychologists the CIA employed to monitor its "enhanced interrogation" of terror suspects came close to, and may even have committed, unlawful human experimentation, a medical ethics watchdog has alleged. Physicians for Human Rights (PHR), a not-for-profit group that has investigated the role of medical personnel in alleged incidents of torture at Guantánamo, Abu Ghraib, Bagram and other US detention sites, accuses doctors of being far more involved than hitherto understood. PHR says health professionals participated at every stage in the development, implementation and legal justification of what it calls the CIA's secret "torture programme". The most incendiary accusation of PHR's latest report, Aiding Torture, is that doctors actively monitored the CIA's interrogation techniques with a view to determining their effectiveness, using detainees as human subjects without their consent. The report concludes that such data gathering was "a practice that approaches unlawful experimentation". Human experimentation without consent has been prohibited in any setting since 1947 [with] the Nuremberg Code, which resulted from the prosecution of Nazi doctors. In April, a leaked report from the International Committee of the Red Cross found that medical staff employed by the CIA had been present during waterboarding, and had even used what appeared to be a pulse oxymeter, placed on the prisoner's finger to monitor his oxygen saturation during the procedure. PHR is calling for an official investigation into the role of doctors in the CIA's now widely discredited programme. It wants to know exactly how many doctors participated, what they did, what records they kept and the science that they applied.

Note: To watch a video of a Democracy Now! segment on the PHR report, click here. For astounding information on how MDs participated in the CIA's mind control experiments in the past, click here.


Japan's New First Lady Miyuki Hatoyama Claims Alien Abduction
2009-09-02, ABC News
http://abcnews.go.com/WaterCooler/wireStory?id=8473087

Japan's next prime minister might be nicknamed "the alien," but it's his wife who claims to have had a close encounter with another world. "While my body was asleep, I think my soul rode on a triangular-shaped UFO and went to Venus," Miyuki Hatoyama, the wife of premier-in-waiting Yukio Hatoyama, wrote in a book published last year. "It was a very beautiful place and it was really green." Yukio Hatoyama is due to be voted in as premier on September 16 following his party's crushing election victory over the long-ruling Liberal Democratic Party Sunday. Miyuki, 66, described the extraterrestrial experience, which she said took place some 20 years ago, in a book entitled Very Strange Things I've Encountered. When she awoke, Japan's next first lady wrote, she told her now ex-husband that she had just been to Venus. He advised her that it was probably just a dream. "My current husband has a different way of thinking," she wrote. Yukio Hatoyama, 62, the rich grandson of a former prime minister, was once nicknamed "the alien" for his prominent eyes. Miyuki, also known for her culinary skills, spent six years acting in the Takarazuka Revue, an all-female musical theater group. She met the U.S.-educated Yukio while living in America.

Note: For an intriguing ABC special on alien abductions, click here.


Steroids, drink and paranoia: the murky world of the private security contractor
2009-09-01, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/news/world/middle-east/steroids-drink-and-parano...

Paranoid, competitive and fuelled by guns, alcohol and steroids. That is how one senior contractor in Baghdad describes the private security industry operating in the city's Green Zone. It was the world to which Danny Fitzsimons, a 29-year-old former soldier suffering from post-traumatic stress disorder and paranoia, and with an extensive criminal past, returned three weeks ago. Despite rules against alcohol, his ArmorGroup colleagues welcomed him with a drinking session. A fight broke out and he shot and killed two of them – a Briton, Paul McGuigan, and an Australian, Darren Hoare – then wounded an Iraqi, Arkhan Mahdi. He faces a premeditated murder charge and execution if found guilty. Mr Fitzsimons's family is determined to save him and say he was suffering from severe psychiatric problems after a brutal career in the Army and in the security industry. But those on the ground hold little hope. They are already resigned to Mr Fitzsimons's execution and say that he is a tiny pawn in a huge, expensive and vicious game of chess. They say the private security business in Iraq is in a vice-like crush. The gold rush that began with the conflict in 2003 is drying up. Contracts are not as lucrative, the trend is towards employing Iraqis instead of Westerners and, crucially, the Iraqi authorities ... are clamping down. "We are loathed out here. We are the single most hated entity in Iraq," said Ethan Madison, a security contractor who has worked in Baghdad for five years.

Note: For lots more on the illegal activities of US military contractors in Iraq and Afghanistan, click here.


CIA's black sites, illuminated
2009-08-31, Los Angeles Times
http://www.latimes.com/news/nationworld/nation/la-na-cia-detainee31-2009aug31...

The secret overseas "black sites" where the CIA conducted the interrogations are empty now, if not already dismantled. They were never examined by a congressional committee, nor inspected by the international Red Cross. The black sites not only imprisoned men but reduced them to a near helpless state. The aim, as outlined in one document, was to teach every detainee "to perceive and value his personal welfare, comfort and immediate needs more than the information he is protecting." The prisoners' arrival -- almost always in diapers -- was engineered to achieve that end. After being shaved, stripped and photographed nude, detainees were examined by CIA medical and psychological personnel. Then came a preliminary interrogation that would determine the prisoners' fate. Only those considered extremely cooperative would avoid a trio of techniques designed to produce a "baseline, dependent" state: the deprivation of clothes, solid food and sleep. Follow-up sessions would start with the prisoner standing with his back against a wall and a towel or collar to prevent whiplash wrapped around his neck. He could be thrown against the wall just once "to make a point, or 20 to 30 times consecutively." Prisoners so abhorred the repeated slamming that they would remain in so-called stress positions, such as painful kneeling postures, for hours to avoid a return to the wall, according to one Dec. 30, 2004, memo that amounts to a CIA blueprint for breaking a detainee's will. Earlier this year, the Obama administration released a series of Justice Department memos laying out legal rationales for the array of coercive interrogation methods the CIA employed.

Note: For further revelations from major media sources on the illegal methods used by the US government in its wars around the world, click here.


A ‘Little Judge’ Who Rejects Foreclosures, Brooklyn Style
2009-08-31, New York Times
http://www.nytimes.com/2009/08/31/nyregion/31judge.html

Every week, the nation’s mightiest banks come to his court seeking to take the homes of New Yorkers who cannot pay their mortgages. And nearly as often, the judge says, they file foreclosure papers speckled with errors. He plucks out one motion and leafs through: a Deutsche Bank representative signed an affidavit claiming to be the vice president of two different banks. His office was in Kansas City, Mo., but the signature was notarized in Texas. And the bank did not even own the mortgage when it began to foreclose on the homeowner. “I’m a little guy in Brooklyn who doesn’t belong to their country clubs, what can I tell you?” he says, adding a shrug for punctuation. “I won’t accept their comedy of errors.” The judge, Arthur M. Schack, 64, fashions himself a judicial Don Quixote, tilting at the phalanxes of bankers, foreclosure facilitators and lawyers who file motions by the bale. He has tossed out 46 of the 102 foreclosure motions that have come before him in the last two years. And his often scathing decisions, peppered with allusions to the Croesus-like wealth of bank presidents, have attracted the respectful attention of judges and lawyers from Florida to Ohio to California. At recent judicial conferences in Chicago and Arizona, several panelists praised his rulings as a possible national model. Justice Schack, like a handful of state and federal judges, has taken a magnifying glass to the mortgage industry. Justice Schack’s take is straightforward, and sends a tremor through some bank suites: If a bank cannot prove ownership, it cannot foreclose. “If you are going to take away someone’s house, everything should be legal and correct,” he said. “I’m a strange guy — I don’t want to put a family on the street unless it’s legitimate.”


Blackwater Tapped Foreigners on Secret CIA Program
2009-08-31, ABC News/Associated Press
http://abcnews.go.com/Politics/wireStory?id=8450594

When the CIA revived a plan to kill or capture [alleged] terrorists in 2004, the agency turned to the well-connected security company then known as Blackwater USA. With Blackwater's lucrative government security work and contacts arrayed in hot spots around the world, company officials offered the services of foreigners supposedly skilled at tracking [people] in lawless regions and countries where the CIA had no working relationships with the government. But the CIA's use of the private contractor as part of its now-abandoned plan to dispatch death squads skirted concerns now re-emerging with recent disclosures about Blackwater's role. Blackwater's later hiring of several senior CIA officials who were involved in or aware of the secret program, including one of the men who ran the operation, showed the blurred lines of using a private contractor for such a highly classified and dangerous project. The 2004 decision by CIA officials to entrust the North Carolina-based company with such a sensitive overseas operation struck some former agency officials as highly unusual. "The question remains: Why do we need Blackwater?" said Charles Faddis, a former department chief at the CIA's Counterterrorism Center who retired in 2008 and was not involved in the secret program. "I remain mystified. This is quintessential CIA work. You wonder what it means that the CIA has to rely on Blackwater? Why are we still funding the CIA?" The former senior CIA official who had knowledge of the program explained that "you wouldn't want to have American fingerprints on it."

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


'Moon rock' given to Holland by Neil Armstrong and Buzz Aldrin is fake
2009-08-29, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/science/space/6105902/Moon-rock-given-to-Holl...

A moon rock given to the Dutch prime minister by Apollo 11 astronauts in 1969 has turned out to be a fake. Curators at Amsterdam's Rijksmuseum ... discovered that the "lunar rock", valued at Ł308,000, was in fact petrified wood. Xandra van Gelder, who oversaw the investigation, said the museum would continue to keep the stone as a curiosity. "It's a good story, with some questions that are still unanswered," she said. "We can laugh about it." The rock was given to Willem Drees, a former Dutch leader, during a global tour by Neil Armstrong, Michael Collins and Edwin "Buzz" Aldrin following their moon mission 50 years ago. J. William Middendorf, the former American ambassador to the Netherlands, made the presentation to Mr Drees and the rock was then donated to the Rijksmuseum after his death in 1988. "I do remember that Drees was very interested in the little piece of stone. But that it's not real, I don't know anything about that," Mr Middendorf said. Nasa gave moon rocks to more than 100 countries following lunar missions in 1969 and the 1970s. The United States Embassy in The Hague is carrying out an investigation into the affair. Researchers [from] Amsterdam's Free University were able to tell at a glance that the rock was unlikely to be from the moon, a conclusion that was borne out by tests. "It's a nondescript, pretty-much-worthless stone," said Frank Beunk, a geologist involved in the investigation.

Note: High strangeness alert! Why would NASA and Apollo astronauts be giving out fake moonstones? And how could it be that NASA lost the original videos of the first lunar landings?


The Five Biggest Lies in the Health Care Debate
2009-08-29, Time magazine
http://www.newsweek.com/id/214254

To the credit of opponents of health-care reform, the lies and exaggerations they're spreading are not made up out of whole cloth—which makes the misinformation that much more credible. Instead, because opponents demand that everyone within earshot (or e-mail range) look, say, "at page 425 of the House bill!," the lies take on a patina of credibility. Take the claim in one chain e-mail that the government will have electronic access to everyone's bank account, implying that the Feds will rob you blind. The 1,017-page bill passed by the House Ways and Means Committee does call for electronic fund transfers—but from insurers to doctors and other providers. There is zero provision to include patients in any such system. Five other myths that won't die: [1] You'll have no choice in what health benefits you receive. [2] No chemo for older Medicare patients. A related myth is that health-care reform will be financed through $500 billion in Medicare cuts. This refers to proposed decreases in Medicare increases. [3] Illegal immigrants will get free health insurance. [4] Death panels will decide who lives. [5] The government will set doctors' wages. To be sure, there are also honest and principled objections to health-care reform. Some oppose a requirement that everyone have health insurance as an erosion of individual liberty. And many are simply scared out of their wits about what health-care reform will mean for them. But when fear and loathing hijack the brain, anything becomes believable.

Note: For lots more on health issues from major media sources, click here.


Interview: Brooksley Born
2009-08-28, PBS Frontline
http://www.pbs.org/wgbh/pages/frontline/warning/interviews/born.html

As head of the Commodity Futures Trading Commission [CFTC], Brooksley Born became alarmed by the lack of oversight of the secretive, multitrillion-dollar over-the-counter derivatives market. Her attempts to regulate derivatives ran into fierce resistance from then-Fed Chairman Alan Greenspan, then-Treasury Secretary Robert Rubin and then-Deputy Treasury Secretary Larry Summers, who prevailed upon Congress to stop Born and limit future regulation. PBS: Let's start with September 2008 as we all sat there and watched the economy melting down. Born: It was like my worst nightmare coming true. I had had enormous concerns about the over-the-counter derivatives [OTC] market ... for a number of years. The market was totally opaque. Nobody really knew what was going on. And then it became obvious as Lehman Brothers failed, as AIG suddenly appeared to be on the brink of tremendous defaults and turned out [to have been a major derivatives] dealer. PBS: How did it happen? Born: It happened because there was no oversight of a very, very big, dynamic, growing market. I would never say derivatives should be banned or forbidden. The problem is that they can be extremely misused. Traditionally, government has had to protect the public interest by overseeing the marketplace and keeping the extreme behavior under some check. All other financial markets have some kind of government oversight protecting the public interest. [But] not this one. The over-the-counter derivatives dealers business ... was something like 40 percent of the profits of many of these big banks as recently as a couple of years ago. PBS: We're the losers. Who were the winners? Born: Our largest banks. It was short-term benefit for a few major institutions at the expense of all the people who have lost their jobs, who have lost their retirement savings, who have lost their homes.

Note: Don't miss this entire, astonishing interview with Born, who practiced derivatives law for 20 years before being appointed head of the CFTC. She lays bare the level of deceit, greed, and corruption by both bankers and some of the politicians who protect them.


Senate Bill Would Give President Emergency Control of Internet
2009-08-28, Fox News
http://www.foxnews.com/politics/2009/08/28/senate-president-emergency-control...

A Senate bill would offer President Obama emergency control of the Internet and may give him a "kill switch" to shut down online traffic by seizing private networks -- a move cybersecurity experts worry will choke off industry and civil liberties. Details of a revamped version of the Cybersecurity Act of 2009 emerged late Thursday, months after an initial version authored by Sen. Jay Rockefeller, D-W.V., was blasted in Silicon Valley as dangerous government intrusion. "In the original bill they empowered the president to essentially turn off the Internet in the case of a 'cyber-emergency,' which they didn't define," said Larry Clinton, president of the Internet Security Alliance, which represents the telecommunications industry. The new legislation allows the president to "declare a cybersecurity emergency" relating to "non-governmental" computer networks and make a plan to respond to the danger, according to an excerpt published online -- a broad license that rights experts worry would give the president "amorphous powers" over private users. "As soon as you're saying that the federal government is going to be exercising this kind of power over private networks, it's going to be a really big issue," Lee Tien, a senior staff attorney with the Electronic Frontier Foundation.

Note: For revealing reports from major media sources on threats to civil liberties, click here.


Bush's Search Policy For Travelers Is Kept
2009-08-28, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/27/AR20090827040...

The Obama administration will largely preserve Bush-era procedures allowing the government to search -- without suspicion of wrongdoing -- the contents of a traveler's laptop computer, cellphone or other electronic device. The policy, disclosed ... in a pair of Department of Homeland Security directives, describes more fully than did the Bush administration the procedures by which travelers' laptops, iPods, cameras and other digital devices can be searched and seized when they cross a U.S. border. And it sets time limits for completing searches. Representatives of civil liberties and travelers groups say they see little substantive difference between the Bush-era policy, which prompted controversy, and this one. "It's a disappointing ratification of the suspicionless search policy put in place by the Bush administration," said Catherine Crump, staff attorney for the American Civil Liberties Union. "It doesn't deal with the fundamental problem, which is that under the policy, government officials are free to search people's laptops and cellphones for any reason whatsoever." "Under the policy begun by Bush and now continued by Obama, the government can open your laptop and read your medical records, financial records, e-mails, work product and personal correspondence -- all without any suspicion of illegal activity," said Elizabeth Goitein, who leads the liberty and national security project at the nonprofit Brennan Center for Justice.

Note: For important revelations of government threats to civil liberties, click here.


Rich NYC Mayor: Drug CEOs Don't Make Much Money
2009-08-28, ABC News/Associated Press
http://abcnews.go.com/US/wireStory?id=8382748

Billionaire Mayor Michael Bloomberg defended multibillion-dollar pharmaceutical companies and their chief executives on Friday, declaring that they "don't make a lot of money" and shouldn't be scapegoats in the health care debate. The mayor — and wealthiest person in New York City with a fortune estimated at $16.5 billion — made the comments on his radio show Friday. "You know, last time I checked, pharmaceutical companies don't make a lot of money, their executives don't make a lot of money," Bloomberg said. Pharmaceutical CEOs are known to make millions, with generous salaries, stock options and other perks. Abbott Laboratories Inc. Chairman and Chief Executive Miles White's compensation was $25.3 million in 2008. The North Chicago, Ill.-based company saw profit rising 35 percent to $4.88 billion. Merck & Co.'s chief executive, Richard T. Clark, received a $17.3 million compensation package for 2008. The company's profit more than doubled to $7.8 billion. The mayor ... often battles criticism that he is out of touch with regular people. Earlier this year he declared "we love the rich people" while arguing against raising taxes on the wealthy. It was clear that Bloomberg or one of his aides realized his gaffe while he was still on the air Friday. The mayor, who has sought to cast himself as a financial and business expert, came back from a break and said he had looked up the pay of some pharmaceutical executives. "Some of them are making a decent amount, more than a decent amount of money," he said.


Speculators busier as crude oil cost spikes
2009-08-28, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/28/BU1B19EQFS.DTL

Speculators now account for half of all traders in the main U.S. oil market, and their growing presence coincided with this decade's historic rise in the price of crude, according to a new Rice University study. The study does not try to prove that speculators caused the price spike, as many politicians and consumer advocates believe. But the authors note that prices rose steadily along with the number of speculative investors, and fell with them as well. Seven years ago, speculators accounted for 20 percent of oil traders on the New York Mercantile Exchange. That number jumped to 55 percent by the time oil prices reached their all-time peak above $145 per barrel last summer. Now oil costs $72, and speculative investors account for half the traders. The government limits the number of oil contracts that each speculator can hold. But under the Commodity Futures Modernization Act [passed in 2000], trades on electronic exchanges or overseas markets don't count toward those limits. The study uses data from the Commodity Futures Trading Commission. Speculators are defined as traders who use oil strictly as a financial investment, those who will never take delivery of a tanker-full of crude. "This confirms what we and others have said for some time," said Tyson Slocum, director of the energy program at the Public Citizen watchdog group. "The good thing from the oil price run-up of 2008 is it has forced Congress to realize there's a problem in these markets, and the answer is re-regulation." The financial industry opposes tightening the regulations.

Note: To read the full study, click here.


Fed Urges Secrecy on Banks in Bailout Programs
2009-08-27, ABC News/Reuters
http://abcnews.go.com/Business/wireStory?id=8426669

The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy. The central bank filed its request ... two days after Chief Judge Loretta Preska of the U.S. District Court in Manhattan ruled in favor of Bloomberg News, which had sought information under the federal Freedom of Information Act. Preska said the Fed failed to show that revealing the names would stigmatize the banks and result in "imminent competitive harm." Underlying this case and a similar one involving News Corp's Fox News Network is a question of how much the public has a right to know about how the government is bailing out a financial system in a crisis. The case arose when two Bloomberg reporters submitted FOIA requests about actions the Fed took to shore up the financial system in 2007 and early 2008, including an expansion of lending programs and the sale of Bear Stearns Cos to JPMorgan.

Note: Don't tax payers have a right to know to which bankds the trillions of tax dollars are going in the bank bailout? For lots more on government secrecy, 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.

Kindly donate here to support this inspiring work.

Subscribe to our free email list of underreported news.

newsarticles.media is a PEERS empowerment website

"Dedicated to the greatest good of all who share our beautiful world"