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Government Corruption News Stories
Excerpts of Key Government Corruption News Stories 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: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


The 9/11 Phone Calls: Disturbing Irregularities Uncovered in the Calls that Flashed around the World
2013-05-16, Wall Street Journal/PRNewswire
Posted: 2013-05-28 11:21:12
http://online.wsj.com/article/PR-CO-20130516-909978.html

The 9/11 Consensus Panel now offers four evidence-based points about the alleged phone calls from the 9/11 flights. The famous "let's roll" drama of the passenger revolt on UA 93 was relayed by passenger Todd Beamer's 13-minute unrecorded seat-back call to GTE telephone supervisor Lisa Jefferson, who reported Beamer as strangely tranquil, declining to speak to his wife. Eerily, Beamer's line remained open for 15 minutes after the crash. Oddly, the Verizon wireless record shows that 19 calls were made from Beamer's cell phone long after the crash of UA 93. Initial media reports and FBI interviews detailed more than a dozen cell phone calls from the planes at high elevation. Yet in 2001, a telephone spokesperson stated that sustained mobile calls were not possible above 10,000 feet. During the 2006 Moussaoui Trial, the FBI (under oath) reduced the number of cell phone calls to two calls made from 5,000 feet, and presented evidence of only one (not two) "unconnected" call from Barbara Olson, lasting "0 seconds." In another twist, two other women reported that Caller-ID showed their husband's cell numbers on their answering machines, which while lasting several minutes, had been made from elevations of 25,000 and 35,000 feet. Although the FBI conducted a massive investigation into the calls, none of the telephone billing, nor any of the cell phone location data stored in standard phone company records has been publicly released.

Note: The 9/11 Consensus Panel, consisting of scientists, pilots, professors, attorneys, and journalists, has developed 32 Points of evidence contradicting specific claims made by the official account of 9/11. For many unanswered questions about 9/11 raised by highly credible former government officials and professors, click here and here. For our 9/11 Information Center filled with reliable, verifiable 9/11 resources, click here.


U.S. acknowledges killing of four U.S. citizens in counterterrorism operations
2013-05-22, Washington Post
Posted: 2013-05-28 11:06:58
http://www.washingtonpost.com/world/national-security/us-acknowledges-killing...

The Obama administration acknowledged [on May 22] that it has killed four Americans in overseas counterterrorism operations since 2009, the first time it has publicly taken responsibility for the deaths. Three are known to have died in CIA drone strikes in Yemen in 2011: Anwar al-Awlaki, his 16-year-old son and Samir Khan. The fourth — Jude Kennan Mohammad, a Florida native indicted in North Carolina in 2009 — was killed in Pakistan, where the CIA has operated a drone campaign against terrorism suspects for nearly a decade. His death was previously unreported. In addition to disclosure of the four killings, Holder wrote that Obama has approved classified briefings for Congress on an overall policy document, informally called the “playbook.” The document, more than a year in the making, codifies the administration’s standards and processes for its unprecedented program of targeted killing and capture of terrorism suspects outside of war zones. Nearly 400 drone strikes, in Pakistan, Yemen and Somalia, have been launched by the CIA and U.S. military forces during Obama’s presidency. According to Holder’s letter, Awlaki was the only U.S. citizen the administration “has specifically targeted and killed.” Two weeks after Awlaki’s death, his 16-year-old son, Abdulrahman — who had gone to the Yemeni desert in search of his father — was killed in a drone strike meant for someone else. That strike was similarly unacknowledged, although a senior administration official privately characterized it as a “mistake.”

Note: So an American citizen, Awlaki's son, was killed by a drone by "mistake"? What happened to the Fifth Amendment of the U.S. Constitution, which states no citizen shall "be deprived of life, liberty, or property, without due process of law"? For deeply revealing reports from reliable major media sources on the atrocities carried out by the US and UK in their global wars of aggression, click here.


Washington gets explicit: its 'war on terror' is permanent
2013-05-17, The Guardian (One of the UK's leading newspapers)
Posted: 2013-05-28 11:05:28
http://www.guardian.co.uk/commentisfree/2013/may/17/endless-war-on-terror-obama

On [May 16], the Senate Armed Services Committee held a hearing on whether the statutory basis for [the "Global War on Terror"] - the 2001 Authorization to Use Military Force (AUMF) - should be revised (meaning: expanded). Asked at a Senate hearing today how long the war on terrorism will last, Michael Sheehan, the assistant secretary of defense for special operations and low-intensity conflict, answered, 'At least 10 to 20 years.' The military historian Andrew Bacevich has spent years warning that US policy planners have adopted an explicit doctrine of "endless war". Obama officials, despite repeatedly boasting that they have delivered permanently crippling blows to al-Qaida, are now, as clearly as the English language permits, openly declaring this to be so. It is hard to resist the conclusion that this war has no purpose other than its own eternal perpetuation. This war is not a means to any end but rather is the end in itself. The "war on terror" cannot and will not end on its own [because] the nation's most powerful political and economic factions reap a bonanza of benefits from its continuation. The genius of America's endless war machine is that, learning from the unpleasantness of the Vietnam war protests, it has rendered the costs of war largely invisible.

Note: A top US general long ago exposed the corrupt roots of war in his penetrating book War is a Racket. For a concise, two-page summary of this revealing book, click here. For deeply revealing reports from reliable major media sources on the atrocities carried out by the US and UK in their global wars of aggression, click here.


Anthrax drug brings $334 million to Pentagon advisor's biotech firm
2013-05-19, Los Angeles Times
Posted: 2013-05-28 11:02:06
http://www.latimes.com/news/nationworld/nation/la-na-anthrax-resistant-201305...

Over the last decade, former Navy Secretary Richard J. Danzig, a prominent lawyer, presidential advisor and biowarfare consultant to the Pentagon and the Department of Homeland Security, has urged the government to counter what he called a major threat to national security. Terrorists, he warned, could easily engineer a devastating killer germ: a form of anthrax resistant to common antibiotics. U.S. intelligence agencies have never established that any nation or terrorist group has made such a weapon, and biodefense scientists say doing so would be very difficult. Nevertheless, Danzig has energetically promoted the threat and prodded the government to stockpile a new type of drug to defend against it. Danzig did this while serving as a director of a biotech startup that won $334 million in federal contracts to supply just such a drug, a Los Angeles Times investigation found. By his own account, Danzig encouraged Human Genome Sciences Inc. to develop the compound, and from 2001 through 2012 he collected more than $1 million in director's fees and other compensation from the company, records show. The drug, raxibacumab, or raxi, was the first product the company was able to sell, and the U.S. government remains the only customer, at a cost to date of about $5,100 per dose.

Note: This investigative report is well worth reading in its entirety at the above link. At this link you can find major media articles showing among other revealing facts how Donald Rumsfeld pocketed $5 million personally from sales of Tamiflu during the Avian flu scare. The word is getting out thanks to caring people like you.


FBI Agent Probed After Criticizing Bureau
2003-06-12, ABC News
Posted: 2013-05-28 09:57:56
http://abcnews.go.com/US/story?id=90548#.UZznatjfKSo

A 12-year veteran FBI agent is under investigation for alleged insubordination following his appearances on ABC News programs and a recent press conference in Washington, D.C., in which he criticized the bureau's efforts to combat terrorism, according to the agent's attorney. Special Agent Robert Wright ... began tracking terrorists in the Chicago area in the mid-1990s for the Terrorism Task Force. He says he soon became frustrated when he was ordered by his superiors at the FBI Intelligence Division not to make any arrests of suspected terrorists. According to Wright, he was ordered to drop his investigation into a suspected terror financier whose name had arisen during the investigation into the bombings of two American embassies in East Africa in 1998, in which at least 224 people were killed. Wright and his partner John Vincent, who has since retired from the FBI, said that the money trail uncovered in the embassy bombing probe led to, among others, a powerful Saudi Arabian businessman, Yassin Qadi, who had extensive business and financial ties in Chicago. "Two months after the embassies are hit in Africa they want to shut down the criminal investigation. They wanted to kill it," Wright said. Last year, Wright told ABC News that he had more to say about the failures of the Terrorism Task Force. "There's so much more," he said. "God, there's so much more."

Note: For other media articles giving more detailed information on Wright's allegations, click here and here. For deeply revealing reports from reliable major media sources on intelligence agency corruption, click here.


U.S. tax dollars promote Monsanto's GMO crops overseas: report
2013-05-14, Chicago Tribune/Reuters
Posted: 2013-05-21 08:14:03
http://www.chicagotribune.com/business/sns-rt-us-usa-gmo-reportbre94d0il-2013...

U.S. taxpayers are footing the bill for overseas lobbying that promotes controversial biotech crops developed by U.S.-based Monsanto Co and other seed makers, a report issued on [May 14] said. A review of 926 diplomatic cables of correspondence to and from the U.S. State Department and embassies in more than 100 countries found that State Department officials actively promoted the commercialization of specific biotech seeds, according to the report issued by Food & Water Watch, a nonprofit consumer protection group. The officials tried to quash public criticism of particular companies and facilitated negotiations between foreign governments and seed companies such as Monsanto over issues like patents and intellectual property, the report said. The cables show U.S. diplomats supporting Monsanto, the world's largest seed company, in foreign countries even after it paid $1.5 million in fines after being charged with bribing an Indonesian official and violating the Foreign Corrupt Practices Act in 2005. One 2009 cable shows the embassy in Spain seeking "high-level U.S. government intervention" at the "urgent request" of Monsanto to combat biotech crop opponents there. The report covered cables from 2005-2009 that were released by Wikileaks in 2010. "It really goes beyond promoting the U.S.'s biotech industry and agriculture," said Wenonah Hauter, executive director of Food & Water Watch. "It really gets down to twisting the arms of countries and working to undermine local democratic movements that may be opposed to biotech crops."

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


Monsanto and other GM firms are winning in the US – and globally
2013-05-14, The Guardian (One of the UK's leading newspapers)
Posted: 2013-05-21 08:12:23
http://www.guardian.co.uk/commentisfree/2013/may/14/monsanto-gm-crops-worldwide

Food & Water Watch ... spent months looking at the extent to which the US State Department is working on behalf of the GM seed industry to make sure that biotech crops are served up abroad whether the world wants them or not. Between 2007 and 2009, annual cables were distributed to "encourage the use of agricultural biotechnology", directing US embassies to "pursue an active biotech agenda". There was a comprehensive communications campaign aimed to "promote understanding and acceptance of the technology" ... in light of the worldwide backlash against GM crops. The State Department worked to diminish trade barriers to the benefit of seed companies, and encouraged the embassies to "publicize the benefits of agbiotech as a development tool". Monsanto was a great beneficiary of the State Department's taxpayer-funded diplomacy: the company appeared in 6.1% of the biotech cables analyzed between 2005 and 2009 from 21 countries. The cables also show extensive lobbying against in-country efforts to require labeling of GM foods. The US government is now quietly negotiating major trade deals with Europe and the countries of the Pacific Rim that would force countries to accept biotech imports, commercialize biotech crops and prevent the labeling of GM foods. The vast influence that Monsanto and the biotech seed industry have on our foreign affairs is just one tentacle of a beast comprised by a handful of huge corporations who wield enormous power over most food policy in the United States.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


Supreme Court sides with Monsanto in major patent case
2013-04-26, USA Today
Posted: 2013-05-21 08:10:49
http://www.usatoday.com/story/news/nation/2013/05/13/monsanto-patent-grain-bi...

The Supreme Court usually isn't friendly toward questionable patents, but it came down overwhelmingly on the side of agribusiness giant Monsanto [on April 22] in a case that's bound to resonate throughout the biotechnology industry. The court ruled unanimously that an Indiana farmer violated Monsanto's patent on genetically modified soybeans when he culled some from a grain elevator and used them to replant his own crop in future years. "If simple copying were a protected use, a patent would plummet in value after the first sale of the first item containing the invention," Justice Elena Kagan ruled in a short 10-page opinion. Who it helps: Inventors and entrepreneurs who have patents on products that can be self-replicated, from computer software to cell lines. Who it hurts: Consumers paying high prices. The Center for Food Safety released a report in February that showed three corporations control much of the global commercial seed market. It found that from 1995-2011, the average cost to plant 1 acre of soybeans rose 325%. Center for Food Safety executive director Andrew Kimbrell called the ruling a setback for farmers. "The court chose to protect Monsanto over farmers," he said. "The court's ruling is contrary to logic and to agronomics, because it improperly attributes seeds' reproduction to farmers, rather than nature."

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


Gov't Probe Obtains Wide Swath of AP Phone Records
2013-05-13, ABC News/Associated Press
Posted: 2013-05-21 08:09:25
http://abcnews.go.com/Politics/wireStory/govt-obtains-wide-ap-phone-records-p...

The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press in what the news cooperative's top executive called a "massive and unprecedented intrusion" into how news organizations gather the news. The records obtained by the Justice Department listed outgoing calls for the work and personal phone numbers of individual reporters, for general AP office numbers in New York, Washington and Hartford, Conn., and for the main number for the AP in the House of Representatives press gallery. In all, the government seized the records for more than 20 separate telephone lines assigned to AP and its journalists in April and May of 2012. The government would not say why it sought the records. Officials have previously said in public testimony that the U.S. attorney in Washington is conducting a criminal investigation into who may have provided information contained in a May 7, 2012, AP story about a foiled terror plot. The story disclosed details of a CIA operation in Yemen that stopped an al-Qaida plot in the spring of 2012 to detonate a bomb on an airplane bound for the United States. Prosecutors have sought phone records from reporters before, but the seizure of records from such a wide array of AP offices, including general AP switchboards numbers and an office-wide shared fax line, is unusual.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


Wisconsin Farmer to Stand Trial for Selling Raw Milk
2013-05-12, The Daily Beast/Newsweek
Posted: 2013-05-21 08:07:10
http://www.thedailybeast.com/articles/2013/05/12/wisconsin-farmer-to-stand-tr...

A Wisconsin dairy farmer is set to go on trial for a strange offense: selling raw milk to a group of consumers who were members of a private buyer’s club. So in many parts of America, it’s basically legal to grow, sell, and smoke pot. But you can go to jail for selling people fresh milk? Wisconsin dairy farmer Vernon Hershberger, a 41-year-old father of ten, will go on trial later this month. Hershberger started a private buyer’s club for raw milk in 2003 after “some friends from town—who were retired farmers—wanted to continue getting this raw milk that they had for years. By word of mouth ... it grew from there.” By the time of his arrest in 2010, over 100 families were members. Technically, these club members were not customers of the farm, but partners: they legally leased animals from Hershberger, and in return for his family boarding and caring for their cattle on his 157 acres of farmland, they paid certain agreed-upon fees each time they came to pick up the products of those cattle—namely, raw milk. So Hershberger felt he didn’t need a license as a retail food establishment, because there was no retail going on; the milk already belonged to the club members. Hershberger grew up milking cows by hand on a small Amish dairy farm, and this hold order violated his religious values: though no longer Amish, he’s a non-denominational Christian, and opposes waste.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


IRS apologizes for inappropriately targeting conservative political groups in 2012 election
2013-05-11, Washington Post/Associated Press
Posted: 2013-05-21 08:05:29
http://www.washingtonpost.com/business/irs-apologizes-for-inappropriately-tar...

Senior Internal Revenue Service officials knew agents were targeting Tea Party groups as early as 2011, according to a draft of an inspector general’s report obtained by The Associated Press that seemingly contradicts public statements by the IRS commissioner. The IRS apologized [on May 10] for what it acknowledged was “inappropriate” targeting of conservative political groups during the 2012 election to see if they were violating their tax-exempt status. The agency blamed low-level employees, saying no high-level officials were aware. But on June 29, 2011, Lois G. Lerner, who heads the IRS division that oversees tax-exempt organizations, learned at a meeting that groups were being targeted, according to the watchdog’s report. At the meeting, she was told that groups with “Tea Party,” ‘’Patriot” or “9/12 Project” in their names were being flagged for additional and often burdensome scrutiny, the report says. The 9-12 Project is a group started by conservative TV personality Glenn Beck. Lerner instructed agents to change the criteria for flagging groups “immediately,” the report says. ” On Jan, 25, 2012, the criteria for flagging suspect groups was changed to, “political action type organizations involved in limiting/expanding Government, educating on the Constitution and Bill of Rights, social economic reform/movement,” the report says.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


Report: IRS targeting went beyond ‘Tea Party’
2013-05-12, Seattle Times (One of Seattle's leading newspapers)
Posted: 2013-05-21 08:02:57
http://seattletimes.com/html/nationworld/2020975214_irsteapartyxml.html

The Internal Revenue Service’s special scrutiny of small-government groups applying for tax-exempt status went beyond keyword hunts for organizations with “Tea Party” or “patriot” in their names, to a more overtly ideological search for applicants seeking to “make America a better place to live” or “criticize how the country is being run,” according to a part of an inspector general’s report that was given to Congress. The head of the division on tax-exempt organizations, Lois Lerner, was briefed on the effort in June 2011, seemingly contradicting her assertion on Friday that she learned of the effort from the press. But she seemed to work hard to rein in the focus on conservatives and change it to a look at any political advocacy group of any stripe seeking tax exemptions. The appendix of the inspector general’s report ... chronicles the extent to which the IRS’s exempt organizations division kept redefining what sort of “social welfare” groups it should single out for extra attention since the 2010 Supreme Court ruling Citizens United v. Federal Election Commission. That decision allowed corporations and labor unions to raise and spend unlimited sums on elections as well as register for tax-exempt status under section 501(c)4 of the tax code, as long as their “primary purpose” did not consist of targeting electoral candidates. On June 29, 2011, according to the documents, IRS staffers held a briefing with Lerner in which they described giving special attention to instances where “statements in the case file criticize how the country is being run.”

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


Boston chief: Wasn't told FBI got Tsarnaev warning
2013-05-09, Houston Chronicle/Associated Press
Posted: 2013-05-14 09:15:48
http://www.chron.com/news/crime/article/Boston-chief-Wasn-t-told-FBI-got-Tsar...

The FBI did not initially share with Boston police the warnings it had received from Russia about one suspect in last month's marathon bombings, despite the work of four city police representatives on a federal terrorism task force, Boston's police commissioner told Congress on [May 9]. Boston police learned about the Russian security service warnings only later. The congressional hearing was the first in a series to review the government's initial response to the attacks, ask what information authorities received about Tsarnaev and his brother before the bombings and consider whether everything was handled correctly. Some lawmakers questioned whether Boston police could have more thoroughly investigated Tsarnaev after 2011, based on Russia's vague warnings then to the FBI and CIA or the discovery by the Homeland Security Department in 2012 that he was traveling to Russia for six months, and whether Justice Department rules intended to protect civil liberties constrained the FBI's own inquiry. Led by the FBI, Joint Terrorism Task Forces operate in many cities as a way to bring federal, state and local officials together to share information. The model has existed for decades but, after 9/11, task forces sprouted up in cities nationwide to ensure that police were not out of the loop on investigations like the one the FBI conducted into Tsarnaev.

Note: For a powerful 11-minute video presenting undeniable evidence that the Boston bombers' uncle was closely linked to both the CIA and terrorist organizations, click here. Many are questioning whether the recent Boston bombing was a false flag operation. Though it is not conclusive, you can find some very reliable evidence that this might be the case at this link and this one. For deeply revealing reports from reliable major media sources on the deceptions of intelligence agencies, click here.


How ‘political intelligence’ can come from Congress itself
2013-05-06, Washington Post
Posted: 2013-05-14 09:09:25
http://www.washingtonpost.com/business/economy/how-political-intelligence-can...

On the same morning a congressional staffer told investors in a private call that odds were improving for a government decision that would help medical insurers, trading spiked in a major health-care company. The private call, arranged by a consulting firm called Capitol Street, took place the morning of March 18. At 11:05 a.m., a certain form of speculative trading in Humana, the health insurer, jumped. That day, there was nearly 10 times as much volume as any day in the previous two weeks. There is no evidence that the trades were in response to the Capitol Hill phone call with a top aide for Sen. Orrin G. Hatch (R-Utah). But the conference call reveals the extent to which a direct pipeline of valuable political insight exists between Capitol Hill and Wall Street, one that ordinary Americans and investors do not enjoy. “Political intelligence” firms — companies that sell their analysis of federal actions to investors — have drawn much of the scrutiny from lawmakers and investigators worried about potential insider trading. Congress itself has become a source of sophisticated political analysis for investors, for whom every nugget of exclusive information can translate to millions of dollars in profit. Information in Washington is both highly valuable and extremely fluid. This has given rise to a booming business in researchers claiming to offer political intelligence that could give investors an edge in their trading. Stan Brand, a Washington lawyer specializing in congressional ethics, said he is hearing increasingly about Hill staffers being called to participate in financial industry and investor briefings like the one hosted by Capitol Street.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


Top economist Jeffrey Sachs says Wall Street is full of 'crooks' and hasn't changed since the financial crash
2013-04-29, The Independent (One of the UK's leading newspapers)
Posted: 2013-05-07 08:24:41
http://www.independent.co.uk/news/world/americas/top-economist-jeffrey-sachs-...

One of the world's most respected economists has said Wall St is full of "crooks" and hasn't reformed its "pathological" culture since the financial crash. Professor Jeffrey Sachs told a high-powered audience at the Philadelphia Federal Reserve earlier this month that the lack of reform was down to “a docile president, a docile White House and a docile regulatory system that absolutely can’t find its voice.” Sachs, from Columbia University, has twice been named one of Time magazine’s 100 Most Influential People in the World, and is an adviser to the World Bank and IMF. “What has been revealed, in my view, is prima facie criminal behavior,” he said. “It’s financial fraud on a very large extent. There’s also a tremendous amount of insider trading. We have a corrupt politics to the core, I am afraid to say, and . . . both parties are up to their neck in this. This has nothing to do with Democrats or Republicans." Sachs described an environment of Wall Street influencing politicians with growing campaign contributions. In the 2012 election cycle, political contributions by the securities and investment sector hit $271.5 million, compared with $176 million in 2008, according to the Center for Responsive Politics. “I am going to put it very bluntly: I regard the moral environment as pathological. They have no responsibility to pay taxes; they have no responsibility to their clients; they have no responsibility to people, to counterparties in transactions,” he said. “They are tough, greedy, aggressive and feel absolutely out of control in a quite literal sense, and they have gamed the system to a remarkable extent.”

Note: For deeply revealing reports from reliable major media sources on criminal practices of Wall Street corporations, click here.


With Bags of Cash, C.I.A. Seeks Influence in Afghanistan
2013-04-29, New York Times
Posted: 2013-05-07 08:23:15
http://www.nytimes.com/2013/04/29/world/asia/cia-delivers-cash-to-afghan-lead...

For more than a decade, wads of American dollars packed into suitcases, backpacks and, on occasion, plastic shopping bags have been dropped off every month or so at the offices of Afghanistan’s president — courtesy of the Central Intelligence Agency. All told, tens of millions of dollars have flowed from the C.I.A. to the office of President Hamid Karzai, according to current and former advisers to the Afghan leader. “We called it ‘ghost money,’ ” said Khalil Roman, who served as Mr. Karzai’s deputy chief of staff from 2002 until 2005. “It came in secret, and it left in secret.” The C.I.A. ... has long been known to support some relatives and close aides of Mr. Karzai. But the new accounts of off-the-books cash delivered directly to his office show payments on a vaster scale, and with a far greater impact on everyday governing. Moreover, there is little evidence that the payments bought the influence the C.I.A. sought. Instead, some American officials said, the cash has fueled corruption and empowered warlords, undermining Washington’s exit strategy from Afghanistan. “The biggest source of corruption in Afghanistan,” one American official said, “was the United States.” Now, Mr. Karzai is seeking control over the Afghan militias raised by the C.I.A. to target ... insurgent commanders, potentially upending a critical part of the Obama administration’s plans for fighting militants as conventional military forces pull back this year. But the C.I.A. has continued to pay.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law
2013-04-29, Bloomberg News
Posted: 2013-05-07 08:21:57
http://www.bloomberg.com/news/2013-04-30/ceo-pay-1-795-to-1-multiple-of-worke...

Former fashion jewelry saleswoman Rebecca Gonzales and former Chief Executive Officer Ron Johnson have one thing in common: J.C. Penney Co. no longer employs either. The similarity ends there. Johnson, 54, got a compensation package worth 1,795 times the average wage and benefits of a U.S. department store worker when he was hired in November 2011, according to data compiled by Bloomberg. Gonzales’s hourly wage was $8.30 that year. Across the [S&P] 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009, the data show. Almost three years after Congress ordered public companies to reveal actual CEO-to-worker pay ratios under the Dodd-Frank law, the numbers remain unknown. As the Occupy Wall Street movement and 2012 election made income inequality a social flashpoint, mandatory disclosure of the ratios remained bottled up at the Securities and Exchange Commission, which hasn’t yet drawn up the rules to implement it. Some of America’s biggest companies are lobbying against the requirement. “It’s a simple piece of information stockholders ought to have,” said Phil Angelides, who led the Financial Crisis Inquiry Commission, which investigated the economic collapse of 2008. “The fact that corporate executives wouldn’t want to display the number speaks volumes.” The lobbying is part of “a street-by-street, block-by-block fight waged by large corporations and their Wall Street colleagues” to obstruct the Dodd-Frank law, he said.

Note: For deeply revealing reports from reliable major media sources on income inequality, click here .


Why this is the worst economic recovery on record
2013-04-15, Christian Science Monitor
Posted: 2013-05-07 08:20:34
http://www.csmonitor.com/Business/Robert-Reich/2013/0415/Why-this-is-the-wors...

We’re now witnessing what happens when all of the economic gains go to the top. Four years into a so-called recovery and we’re still below recession levels in every important respect except the stock market. A measly 88,000 jobs were created in March, and total employment remains some 3 million below its pre-recession level. Labor-force participation is it’s lowest since 1979. The underlying problem is the vast middle class is running out of money. They can’t borrow more — and shouldn’t, given what happened after the last borrowing binge. Real annual median household income keeps falling. It’s down to $45,018, from $51,144 in 2010. All the gains from the recovery continue to go to the top. Widening inequality is not inevitable. If we wanted to reverse it and restore middle-class prosperity, we could. We could award tax cuts to companies that link the pay of their hourly workers to profits and productivity, and that keep the total pay of their top 5 executives within 20 times the pay of their median worker. And impose higher taxes on companies that don’t. We could raise the minimum wage to half the average wage. We could increase public investment in education, including early-childhood. We could eliminate college loans and allow all students to repay the cost of their higher education with a 10 percent surcharge on the first 10 years of income from full-time employment. And we could pay for all this by adding additional tax brackets at the top and increasing the top marginal tax rate to what it was before 1981 – at least 70 percent.

Note: For deeply revealing reports from reliable major media sources on the collapse of the global economy assisted by speculation and profiteering by financial corporations, click here.


Billionaires Flee Havens as Trillions Pursued Offshore
2013-04-29, Businessweek
Posted: 2013-05-07 08:19:05
http://www.businessweek.com/news/2013-04-29/billionaires-flee-as-tax-district...

Billionaire Dmitry Rybolovlev, Russia’s 14th-richest person, and his wife, Elena Rybolovleva, have been brawling for almost five years in at least seven countries over his $9.5 billion fortune. In a divorce complaint originated in Geneva in 2008, Rybolovleva accused her husband of using a “multitude of third parties” to create a network of offshore holding companies and trusts to place assets -- including about $500 million in art, $36 million in jewelry and an $80 million yacht -- beyond her reach. She has brought legal action against the 48-year-old Rybolovlev in the British Virgin Islands, England, Wales, the U.S., Cyprus, Singapore and Switzerland, and is seeking $6 billion. The suits provide a window into the offshore structures and secrecy jurisdictions the world’s richest people use to manage, preserve and conceal their assets. According to Tax Justice Network, a U.K.-based organization that campaigns for transparency in the financial system, wealthy individuals were hiding as much as $32 trillion offshore at the end of 2010. Fewer than 100,000 people own $9.8 trillion of offshore assets. More than 30 percent of the world’s 200 richest people, who have a $2.8 trillion collective net worth ...control part of their personal fortune through an offshore holding company or other domestic entity where the assets are held indirectly. These structures often hide assets from tax authorities or provide legal protection from government seizure and lawsuits.

Note: For deeply revealing reports from reliable major media sources on failure of governments to regulate great accumulations of wealth, click here.


UN report wants to terminate killer robots, opposes life-or-death powers over humans
2013-05-02, Washington Post/Associated Press
Posted: 2013-05-07 08:08:46
http://www.washingtonpost.com/world/un-draft-report-wants-to-terminate-killer...

Killer robots that can attack targets without any human input “should not have the power of life and death over human beings,” a new draft U.N. report says. The report for the U.N. Human Rights Commission ... deals with legal and philosophical issues involved in giving robots lethal powers over humans. Report author Christof Heyns, a South African professor of human rights law, calls for a worldwide moratorium on the “testing, production, assembly, transfer, acquisition, deployment and use” of killer robots until an international conference can develop rules for their use. The United States, Britain, Israel, South Korea and Japan have developed various types of fully or semi-autonomous weapons. Heyns focuses on a new generation of weapons that choose their targets and execute them. He calls them “lethal autonomous robotics,” or LARs for short, and says: “Decisions over life and death in armed conflict may require compassion and intuition. Humans — while they are fallible — at least might possess these qualities, whereas robots definitely do not.” The report goes beyond the recent debate over drone killings. Drones do have human oversight. The killer robots are programmed to make autonomous decisions on the spot without orders from humans. “Lethal autonomous robotics (LARs) ... would add a new dimension to this distancing [i.e., the remote control of drones], in that targeting decisions could be taken by the robots themselves. In addition to being physically removed from the kinetic action, humans would also become more detached from decisions to kill - and their execution,” he wrote.

Note: The U.N. draft report is available at this link.


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