Government Corruption News Articles

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Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.

A special "vaccines court" hears cases brought by parents who claim their children have been harmed by routine vaccinations. The court buffers Wyeth and other makers of childhood-disease vaccines from ... litigation risk. The legal shield, known as the National Childhood Vaccine Injury Compensation Program, was put into place in 1986. Vaccines ... are poised to generate $21.5 billion in annual sales for their makers by 2012, according to France's Sanofi-Aventis SA, a leading producer of inoculations. Vaccines' transformation into a lucrative business has some observers questioning whether the shield law is still appropriate. Critics ... underscored the limited recourse families have in claiming injury from vaccines. "When you've got a monopoly and can dictate price in a way that you couldn't before, I'm not sure you need the liability protection," said Lars Noah, a specialist in medical technology. Kevin Conway, an attorney at Boston law firm Conway, Homer & Chin-Caplan PC, which specializes in vaccine cases and brought one of the recent autism suits, says the lack of liability for the pharmaceutical industry compromises safety. Even if they had won their cases, the families of autistic children wouldn't have been paid by the companies that make the vaccines. Instead, the government would have footed the bill, using the funds from a tax levied on inoculations.

Note: For more along these lines, see concise summaries of deeply revealing news articles on vaccines from reliable major media sources showing huge corruption and deception.

The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression. The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. “If they told us what they held, we would know the potential losses that the government may take and that’s what they don’t want us to know,” said Carlos Mendez, a senior managing director at New York-based ICP Capital LLC. The Fed stepped into a rescue role that was the original purpose of the Treasury’s $700 billion Troubled Asset Relief Program. The central bank loans don’t have the oversight safeguards that Congress imposed upon the TARP. Total Fed lending exceeded $2 trillion for the first time Nov. 6. It rose by 138 percent, or $1.23 trillion, in the 12 weeks since Sept. 14, when central bank governors relaxed collateral standards to accept securities that weren’t rated AAA. “There has to be something they can tell the public because we have a right to know what they are doing,” said Lucy Dalglish, executive director of the Arlington, Virginia-based Reporters Committee for Freedom of the Press.

The government's financial bailout will be the most expensive single expenditure in American history, potentially costing around $7.5 trillion -- or half the value of all the goods and services produced in the United States last year. In comparison, the total U.S. cost of World War II adjusted for inflation was $3.6 trillion. The bailout will cost more than the total combined costs in today's dollars of the Marshall Plan, the Louisiana Purchase, the Korean War, the Vietnam War and the entire historical budget of NASA, including the moon landing, according to data compiled by Bianco Research. It remains to be seen whether the government's multipronged approach to bail out banks, stimulate spending and buy up mortgages will revive the economy, but as the tab continues to grow so does concern over where the government will find the money. Monday the government guaranteed an additional $306 billion to bail out Citigroup, and today Treasury Secretary Henry Paulson pledged $800 billion to make credit more available to consumers and small businesses, and to buy up mortgages from Fannie Mae and Freddie Mac. Congress last month allocated $700 billion for an emergency bailout of some of Wall Street's most storied firms by purchasing their troubled assets. The funds allocated through the Troubled Assets Relief Program are but a small part of the government's overall bailout spending. Bailout programs also include a Federal Reserve plan to buy as much as $2.4 trillion in short-term notes called commercial paper that began Oct. 27, and an FDIC plan to spend $1.4 trillion to guarantee bank-to-bank loans that commenced Oct. 14, according to Bloomberg News, which first compiled the total cost of the bailout.

Note: $7.5 trillion amounts to about $25,000 for every person in the U.S. What's going on here? For many revealing reports on the realities of the Wall Street bailout, click here.

Henry Paulson's speech Wednesday made it pretty clear: The Treasury secretary has seized control of the financial system. "He is absolutely the most powerful person in the country. Maybe the world," says Wall Street accounting expert Robert Willens. The most telling line in his speech came when Paulson was explaining why he did a 180-degree turn with money approved by Congress under the $700 billion bailout bill. Instead of using it to buy troubled mortgage assets from banks, as clearly envisioned, he scrapped that idea and used it to make equity investments in banks. "In consultation with the Federal Reserve, I determined that the most timely, effective step to improve credit market conditions was to strengthen bank balance sheets quickly through direct purchases of equity in banks," he said. If Paulson bothered consulting with President Bush, he didn't mention it. In fact, he didn't even mention the president until the tail end of his speech, when he talked about the global summit Bush is hosting this weekend. I can understand why Paulson wants to distance himself from an unpopular president, especially one who has little facility for complex financial matters. But Bush is [the] president and even President-elect Barack Obama knows there can be only one president at a time. And his last name is not Paulson. In September, when Paulson asked for a $700 billion blank check from Congress to fix the financial markets, he got a lot of blowback. By the time Congress was done with his proposal, it had grown from 2 1/2 pages to more than 450. Yet it now appears that Paulson got the blank check he wanted.

Note: Why doesn't Congress have some say in what is done with this $700 billion? That's over $3,000 for every taxpayer in the U.S. which is being spent with practically no accountability. Is this what democracy looks like? For many key articles revealing the hidden realities of the bailout, click here.

A hydrogen bomb is missing from the United States' arsenal and has been, evidently, for 40 years. When last seen, the bomb was one of four aboard an Air Force B-52 bomber that crashed on a frozen bay near Thule Air Force Base in northern Greenland on Jan. 21, 1968. Two years later, the United States and Denmark reported that they agreed "that the accident caused no danger to man or animal and plant life in the area." The 96-page report of the investigation indicated that all four nuclear warheads aboard the plane had disintegrated on impact. Case closed. Well, maybe not, the BBC says this week. Declassified documents that the BBC obtained under the United States Freedom of Information Act indicate that only three of the bombs were accounted for, and that the United States searched secretly for the fourth bomb, without success. By April [1968], a decision had been taken to send a Star III submarine to the base to look for the lost bomb, which had the serial number 78252. (A similar submarine search off the coast of Spain two years earlier had led to another weapon being recovered.) But the real purpose of this search was deliberately hidden from Danish officials. One document from July reads: "Fact that this operation includes search for object or missing weapon part is to be treated as confidential NOFORN", the last word meaning not to be disclosed to any foreign country. "For discussion with Danes, this operation should be referred to as a survey repeat survey of bottom under impact point," it continued. And what does the Pentagon have to say about all this now? It had no comment for the BBC.

Note: To read the original New York Times article from Jan. 22, 1968 on this incident, click here.

After weeks of sometimes frenzied efforts by the federal government to rescue the financial system ... critics say there are many questions but few answers about the work performed by the Treasury Department and the Federal Reserve. "The bailout, the Treasury, the Federal Reserve -- it's like a three-card monte game, you don't know where the money's coming from, you don't know who it's going to, and I think the public has every right to be outraged by this," said Bill Allison, a senior fellow at the Sunlight Foundation, a government transparency watchdog group. Gerald O'Driscoll, a former vice president at the Federal Reserve Bank of Dallas ... said he worried that the failure of the government to provide more information about its rescue spending could signal corruption. "Nontransparency in government programs is always associated with corruption in other countries, so I don't see why it wouldn't be here," he said. Questions about transparency at the Federal Reserve, in particular, have prompted a lawsuit: Bloomberg L.P., which operates the news agency Bloomberg News, is suing the Fed for the release of information on its lending to private financial institutions. "We really don't know anything," Matthew Winkler, the editor-in-chief of Bloomberg News, told ABCNews.com. "All we know is something close to 2 trillion is being used and that money is the taxpayers'. ... We don't know whom it's being lent to and for what purpose because we can't see it because it isn't disclosed."

Note: For many revealing and reliable reports on the Wall Street bailout, click here.

So you thought Barack Obama's victory signaled the death of Reaganomics? Wrong, wrong: Reaganomics is very much alive. In a subtle, bloodless coup, the Reaganomics ideology magically pulled victory out of the jaws of defeat in the meltdown. The magic happened fast and quietly, in the shadows, while you were in a trance, distracted by the election drama. Recently Naomi Klein, author of The Shock Doctrine: The Rise of Disaster Capitalism, framed the issue perfectly: "Has the Treasury partially nationalized the private banks, as we have been told? Or is it the other way around?" The question was rhetorical, the answer painfully clear. In a few weeks Wall Street did the old bait and switch, emerging from an economic and market disaster with new powers, in total control of America. And thanks to Treasury Secretary Henry Paulson's brilliant bailout coup, Reaganomics is now the new "sleeper cell" quietly hidden inside the Obama White House and America's Treasury, where it will be for a long time to come. Listen closely folks: You and your government are and will continue being conned out of trillions. Klein further exposed this insanity in a recent Rolling Stone article, "The New Trough: The Wall Street bailout looks a lot like Iraq, a 'free-fraud zone' where private contractors cash in on the mess they helped create." Paulson's privatization, outsourcing and management of the $700 billion bailout has the exact same Reaganomics ideological, strategic and deceptive footprints that President George W. Bush and former Defense Secretary Donald Rumsfeld used to privatize, outsource and mismanage the costly Iraq War blunder.

Note: For the powerfully revealing article by Naomi Klein mentioned in the article above, click here. Speaking on Tulsa Oklahoma’s 1170 KFAQ, Senator James Inhofe of Oklahoma (Republican) has revealed that Treasury Secretary Henry Paulson was the source of the threat of martial law in the US if the $700 billion bailout bill was not passed that was exposed on the House floor by Rep. Brad Sherman. For many key articles revealing the hidden realities of the bailout, click here.

Under fire from Democrats and Republicans alike, the White House ... defended giving billions of bailout dollars to banks that plan to reward shareholders and executives -- or even buy other banks. Allowing banks to engage in such normal business activities actually could help loosen lending and revive the sagging economy, said Ed Lazear, chairman of the Council of Economic Advisers. He said the administration would not impose any conditions on banks beyond those required when Congress created the bailout program, which authorized the government to buy stock in financial institutions. Lazear was put before the cameras in the White House briefing room amid a rising chorus of complaints from lawmakers about the latitude that banks will have when they receive bailout money from Washington. That bailout was originally sold by the administration as a plan for the government to purchase toxic mortgage-based assets from financial institutions, to get them off their books and inspire the resumption of normal lending. After passage, though, the administration decided the better course would be to devote $250 billion into buying ownership stakes in banks. With taxpayers' money flowing into their vaults, banks are going ahead with paying dividends to shareholders, giving bonuses to top executives and acquiring competitors. Lawmakers are asking why banks with the money to do those things need taxpayer-funded help. The rescue legislation included some limits on executive compensation, considered weak by many. And while it does not allow institutions receiving the money to increase dividends, it does not prevent them from paying those dividends.

Note: For extensive coverage of continuing revelations about the Wall Street bailout, click here.

The White House says it believes that Ahmed Wali Karzai is involved in drug trafficking, and American officials have repeatedly warned President Karzai that his brother is a political liability. Numerous reports link Ahmed Wali Karzai to the drug trade, according to current and former officials from the White House, the State Department and the United States Embassy in Afghanistan, who would speak only on the condition of anonymity. Neither the Drug Enforcement Administration, which conducts counternarcotics efforts in Afghanistan, nor the fledgling Afghan anti-drug agency has pursued investigations into the accusations against the president’s brother. Several American investigators said senior officials at the D.E.A. and the office of the Director of National Intelligence complained to them that the White House favored a hands-off approach toward Ahmed Wali Karzai. The concerns about Ahmed Wali Karzai have surfaced recently because of the imprisonment of an informant who tipped off American and Afghan investigators to [a] drug-filled truck outside Kabul in 2006. The informant, Hajji Aman Kheri, ... said he had been an informant for the Drug Enforcement Administration and United States intelligence agencies, an assertion confirmed by American counternarcotics and intelligence officials. Ever since the American-led invasion of Afghanistan in 2001, critics have charged that the Bush administration has failed to take aggressive action against the Afghan narcotics trade.

Note: For revealing information suggesting the CIA is directly involved in the lucrative opium trade in Afghanistan, click here and here.

Israeli agents who kidnapped Nazi mastermind Adolf Eichmann from Argentina in 1960 found the notorious death camp doctor Josef Mengele but let him get away, one of the operatives said Tuesday. Mengele was one of the most wanted Nazi war criminals, a doctor who conducted cruel experiments on twins and dwarves at the Auschwitz concentration camp and killed children with lethal injections. He selected prisoners who would be subjected to his experiments and sent others straight to their death in gas chambers. Rafi Eitan, now an 81-year-old Israeli Cabinet minister, told The Associated Press on Tuesday that he and other Mossad agents located Mengele living in a Buenos Aires apartment with his wife at the time of Eichmann's capture in 1960. But they decided that trying to nab him would risk sabotaging the capture of Eichmann, who implemented Adolf Hitler's "final solution" to kill European Jewry and was deemed a more important target. Mengele was infamous for his sadistic experiments in the death camps. He injected dye into the eyes of twins to change their color and sewed them together to try to create artificially conjoined twins. He ordered twins killed simultaneously and then dissected for examination of their organs. His horrors earned him the title "Angel of Death." After the war, Mengele fled Germany under an assumed name and ended up in Argentina ... in 1949 but left in 1959 and became a naturalized citizen of Paraguay. After Eichmann was captured in May 1960, Mengele moved to Brazil, according to the report by the Office of Special Investigations (OSI), which tracks Nazis.

Note: It is suspected by many who have researched government mind control programs that after he escaped capture as mentioned above, Mengele was secretly brought to the U.S., where he trained top operatives of the infamous MKULTRA program in mind control techniques he perfected while experimenting without ethical limitations on live humans at Auschwitz. For more on this, click here and here.

Flying today can be stressful, inconvenient and downright difficult. But what if there was a way to make it all easier? What if you had one small device, say a bracelet, which carried all your flight information and other data to make things easier? This bracelet could even track you and your luggage. Former United States Air Marshal Jeffrey Denning describes the idea this way: "The bracelets would take the place of boarding tickets. [They] would also work as a GPS to track air travelers and their luggage." Denning says airline passengers might use this bracelet technology in place of a boarding pass but the government could use it for something else. "And here's the shocking part," Denning said. "No pun intended. If the passengers act up it (the bracelet) would shock and immobilize them for several minutes." That's right. If the flight crew decides that you're getting out of control or posing a threat, to them or the plane, they could simply engage a computer, press a button which would activate this bracelet, shocking and incapacitating you for as long as several minutes. "I guess the design was ... for any air passengers who would become a terrorist or be a terrorist," Denning told [CBS4-TV]. "The bracelet has a capacity to shock ... whoever is wearing it kind of like a police 'taser.'"

Note: What will they think of next? To watch this revealing CBS news broadcast, click here.

The U.S. military bankrolled early development of a non-lethal microwave weapon that creates sound inside your head. The project is known as MEDUSA a contrived acronym for Mob Excess Deterrent Using Silent Audio. And it should not be confused with the Long Range Acoustic Device and similar gadgets which simply project sound. This one uses the so-called "microwave auditory effect": a beam of microwaves is turned into sound by the interaction with your head. Nobody else can hear it unless they are in the beam as well. The idea (dubbed "the telepathic ray gun") was mentioned in a 1998 US Army study, which turned up in a recent Freedom of Information Act document dump. Five years later, the Navy decided to put some R&D dollars into the project. Now ... Dr. Lev Sadovnik of the Sierra Nevada Corporation has provided more details. There are health risks, he notes. The biggest issue from the microwave weapon is ... the risk of brain damage from the high-intensity shockwave created by the microwave pulse. A device that delivered a lethal shockwave inside the target's skull might make an effective death ray. Dr. Sadovnik also makes the intriguing suggestion that ... it might be used at low power to produce a whisper that was too quiet to perceive consciously but might be able to subconsciously influence someone. Sadovnik even suggests subliminal advertising, beaming information that is not consciously heard (a notion also spotted on the US Army's voice-to-skull page).

Note: This 20 minute CNN Special Report on electromagnetic frequency weapons from 1985 shows some of what this technology was known to be capable of over 30 years ago. Recent incidents in Cuba and China suggest the possibility that much more advanced forms of acoustic or electromagnetic weapons are currently in use. For more along these lines, see concise summaries of deeply revealing non-lethal weapons news articles from reliable major media sources.

Charlie Black, senior adviser to John McCain, caused a fluff by saying that a terrorist attack on U.S. soil would be a "big advantage" to his candidate. No one mentioned that eight years ago, the Project for a New American Century called for "a new Pearl Harbor" that could move the American people to accept the neoconservative vision of militarized global domination. Then 9/11 happened, lifting George W. Bush from the shadows of a disputed election to the heights of a "war presidency." Bush has taken on unprecedented powers since the events of 9/11. On that day, the president issued his "Declaration of Emergency by Reason of Certain Terrorist Attacks" under the authority of the National Emergencies Act. This declaration, which can be rescinded by joint resolution of Congress, has instead been extended six times. In 2007, the declaration was quietly strengthened with the issuance of National Security Presidential Directive 51, which gave the president the authority to do whatever he deems necessary in a vaguely defined "catastrophic emergency," including everything from canceling elections to suspending the Constitution to launching a nuclear attack. Not a single congressional hearing was held on this directive. Will Congress act decisively to remove the president's emergency powers, challenge the directive and defend the Constitution?

[California] Assemblywoman Mary Hayashi had no intention of voting for AB2818, a bill that the Castro Valley Democrat feared could undermine its stated goal of protecting affordable housing. But on May 28, she nearly approved it - without her knowledge, and without her presence on the Assembly floor. As the roll call began, Hayashi was engaged in a budget subcommittee meeting on the Capitol's fourth floor. Suddenly, two floors below, the light next to her name on the big electronic voting board in the Assembly chamber turned green, a "yes" vote. Seconds later, it turned red. Then green. Red. Green. Finally, after 22 seconds of alternating colors, the space next to Hayashi's name went blank. While there are conflicting accounts of exactly what caused this dizzying sequence, this much is clear: Two people had their hands on Hayashi's voting switches during the roll call on AB2818 - and one was acting against her will. "Ghost voting" was not the only disturbing episode as the Assembly took up 316 bills in the three days leading up to the deadline for measures to pass their house of origin. In the frenzied treadmill, there was little or no debate on most matters, important bills died when legislators failed to vote, and votes were being cast for members without their express consent. In the Hayashi case, eyewitnesses said her initial "yes" vote was cast by Assemblyman Kevin de León, D-Los Angeles, an assistant majority floor leader who colleagues said had taken the liberty of voting for other missing members as bills were being rushed to beat the deadline. "I don't recall it, but I don't deny it either," de León said.

Note: For lots more on problems with voting systems, click here.

Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, ... helping to push oil prices to record highs. The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying. The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges. Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China's increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players. Commodities have become especially enticing to investors as the credit crisis has roiled other investment opportunities such as stocks and debt-related securities. The recent flood of investment money has transformed the markets for oil, as well as uranium, wheat, cotton and other goods, into a volatile realm that some insiders call the Wild West of Wall Street. Michael Greenberger, a professor at the University of Maryland and former CFTC commissioner, said there were loopholes the agency could close without much effort. "There's smoke here, and the CFTC hasn't wanted to look if there's a fire," he said. "But these are dark markets. They don't even know who's doing the trading."

Note: For revealing reports on financial corruption and criminality from major media sources, click here.

Sirhan Sirhan, convicted of killing Robert F. Kennedy 40 years ago this week in the Ambassador Hotel in Los Angeles, is living out his days in the California state prison at Corcoran. He is 64 and has never fully explained what happened that night other than to say he can't remember it. "The interesting thing is how under-examined the Robert Kennedy assassination is, compared to President Kennedy and Martin Luther King Jr.," said David Talbot of San Francisco, author of Brothers, a book that looks into Robert Kennedy's own investigation into his brother's death and his conviction that JFK was the victim of a conspiracy. "Bobby remains the unknown territory," Talbot said. "But even if you look at it minimally, there are questions that come to mind." Over the years, Sirhan has told investigators who interviewed him in prison that he was in a hypnotic trance during the shooting and can't remember it at all. William Turner, a retired FBI agent who wrote a book about the case, ... thinks Sirhan was "hypno-programmed to shoot" and that he was a real-life Manchurian Candidate - [a] brainwashed dupe whose controllers want to assassinate a presidential candidate. Turner suspects the same villains as do the JFK conspiracy theorists - "organized crime and, predominantly, people from the CIA." [Philip Van Praag, a retired electrical engineer and audio expert,] and a fellow investigator, former American Academy of Forensic Scientists president Robert Joling, ... have written a book about the killing, whose title, An Open and Shut Case, is a dig at the police investigation. Joling says an "independent panel of forensic scientists" should be created to "reinvestigate this matter on all the evidence."

Note: To listen to a highly revealing presentation by Sirhan's lawyer, Lawrence Teeter, on the many lines of evidence proving Sirhan was not a lone gunman, click here. For further revealing reports on major political assassinations, click here.

Who rules the world? The rise of nation states produced national ruling classes. It would be odd if the current integration of the world economy did not produce new global elites — business people and financiers who run global companies and global politicians who steer supra-national organisations such as the European Union (EU) and the International Monetary Fund. David Rothkopf, a visiting scholar at the Carnegie Endowment for International Peace, argues that these elites constitute nothing less than a new global “superclass”. They have all the clubby characteristics of the old national ruling classes, but with the vital difference that they operate on the global stage, far from mere national electorates. They attend the same universities. They are groomed in a handful of world-spanning institutions such as Goldman Sachs. They belong to the same clubs — the Council on Foreign Relations in New York is a particular favourite — and sit on each other's boards of directors. Many of them shuttle between the public and private sectors. They meet at global events such as the World Economic Forum at Davos and the Trilateral Commission or — for the crčme de la crčme — the Bilderberg meetings or the Bohemian Grove seminars that take place every July in California. Mr Rothkopf is anything but a crank, and he is right when he says that, these days, the most influential people around the world are also the most global people. He is also admirably ambivalent about his subject. He worries about surging inequality — the richest 1% of humans own 40% of the planet's wealth — and about the rumbling backlash against so much unaccountable power.

Note: For reliable, verifiable information the secret societies of which the global elite are a part, click here. Superclass: The Global Power Elite and the World They Are Making by David Rothkopf is available here.

Thirty pages into a memorandum discussing the legal boundaries of military interrogations in 2003, senior Justice Department lawyer John C. Yoo tackled a question not often asked by American policymakers: Could the president, if he desired, have a prisoner's eyes poked out? Or, for that matter, could he have "scalding water, corrosive acid or caustic substance" thrown on a prisoner? How about slitting an ear, nose or lip, or disabling a tongue or limb? What about biting? These assaults are all mentioned in a U.S. law prohibiting maiming, which Yoo parsed as he clarified the legal outer limits of what could be done to terrorism suspects as detained by U.S. authorities. The specific prohibitions, he said, depended on the circumstances or which "body part the statute specifies." But none of that matters in a time of war, Yoo also said, because federal laws prohibiting assault, maiming and other crimes by military interrogators are trumped by the president's ultimate authority as commander in chief. In the sober language of footnotes, case citations and judicial rulings, the memo explores a wide range of unsavory topics, from the use of mind-altering drugs on captives to the legality of forcing prisoners to squat on their toes in a "frog crouch." It repeats an assertion in another controversial Yoo memo that an interrogation tactic cannot be considered torture unless it would result in "death, organ failure or serious impairment of bodily functions." Yoo, who is now a law professor at the University of California at Berkeley, also uses footnotes to effectively dismiss the Fourth and Fifth amendments to the Constitution, arguing that protections against unreasonable search and seizure and guarantees of due process either do not apply or are irrelevant in a time of war. He frequently cites his previous legal opinions to bolster his case.

The Justice Department concluded in October 2001 that military operations combating terrorism inside the United States are not limited by Fourth Amendment protections against unreasonable searches and seizures, in one of several secret memos containing new and controversial assertions of presidential power. The memo, sent on Oct. 23, 2001, to the Defense Department and the White House by the Office of Legal Counsel, focused on the rules governing any deployment of U.S. forces inside the country "in the event of further large-scale terrorist activities." Administration officials declined to detail what domestic military operations were being contemplated at the time. The memo has not been formally withdrawn. The Fourth Amendment assertion is one of several far-reaching legal arguments revealed by the disclosure Tuesday of a 2003 Justice Department memo that authorized harsh military interrogations. In its footnotes, asides and central text, that 81-page memo asserted nearly unlimited presidential powers during a time of war. The document disclosed, for example, that the administration's top lawyers had declared that the president has unfettered power to seize oceangoing ships as commander in chief; that Congress has no ability to pass legislation governing the interrogations of enemy combatants; and that federal laws prohibiting assault and other crimes did not apply to military interrogators. One section discussed to what extent the president might be allowed to legally maim a prisoner, such as through the use of a "scalding, corrosive, or caustic substance." A footnote argued that Fifth Amendment guarantees of due-process rights "do not address actions the Executive takes in conducting a military campaign against the Nation's enemies."

Note: For further disturbing reports on threats to civil liberties, click here.

"In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." That warning was in [Warren] Buffett's 2002 letter to Berkshire shareholders. He saw a future that many others chose to ignore. Wall Street didn't listen to Buffett. Derivatives grew into a massive bubble, from about $100 trillion to $516 trillion by 2007. Despite Buffett's clear warnings, a massive new derivatives bubble is driving the domestic and global economies, a bubble that continues growing today parallel with the subprime-credit meltdown triggering a bear-recession. Data on the five-fold growth of derivatives to $516 trillion in five years comes from the most recent survey by the Bank of International Settlements, the world's clearinghouse for central banks in Basel, Switzerland. Keep in mind that while the $516 trillion "notional" value (maximum in case of a meltdown) of the deals is a good measure of the market's size, the 2007 BIS study notes that the $11 trillion "gross market values provides a more accurate measure of the scale of financial risk transfer taking place in derivatives markets." The fact is, derivatives have become the world's biggest "black market," exceeding the illicit traffic in stuff like arms, drugs, alcohol, gambling, cigarettes, stolen art and pirated movies. Why? Because like all black markets, derivatives are a perfect way of getting rich while avoiding taxes and government regulations. And in today's slowdown, plus a volatile global market, Wall Street knows derivatives remain a lucrative business.

Note: $516 trillion is equivalent to $75,000 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 describing just how crazy things have gotten and giving some rays of hope by researcher David Wilcock, click here.

Important Note: Explore our full index to revealing excerpts of key 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.