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Revealing News For a Better World

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.


Police spies stole identities of dead children
2013-02-03, The Guardian (One of the UK's leading newspapers)
Posted: 2013-02-12 11:19:01
http://www.guardian.co.uk/uk/2013/feb/03/police-spies-identities-dead-children

Britain's largest police force stole the identities of an estimated 80 dead children and issued fake passports in their names for use by undercover police officers. The Metropolitan police secretly authorised the practice for covert officers infiltrating protest groups without consulting or informing the children's parents. Over three decades generations of police officers trawled through national birth and death records in search of suitable matches. Undercover officers created aliases based on the details of the dead children and were issued with accompanying identity records such as driving licences and national insurance numbers. Some of the police officers spent up to 10 years pretending to be people who had died. The technique of using dead children as aliases has remained classified intelligence for several decades, although it was fictionalised in Frederick Forsyth's novel The Day of the Jackal. As a result, police have internally nicknamed the process of searching for suitable identities as the "jackal run". One former undercover agent compared an operation on which he was deployed to the methods used by the Stasi. The practice was introduced 40 years ago by police to lend credibility to the backstory of covert operatives spying on protesters, and to guard against the possibility that campaigners would discover their true identities. Since then dozens of SDS [Special Demonstration Squad] officers, including those who posed as anti-capitalists, animal rights activists and violent far-right campaigners, have used the identities of dead children.

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


US newspapers accused of complicity as drone report reopens security debate
2013-02-06, The Guardian (One of the UK's leading newspapers)
Posted: 2013-02-12 11:14:34
http://www.guardian.co.uk/media/2013/feb/06/us-newspapers-accused-complicity-...

[The] New York Times and Washington Post ... are facing accusations of complicity after it emerged that they bowed to pressure from the Obama administration not to disclose the existence of a secret drone base in Saudi Arabia despite knowing about it for a year. Amid renewed scrutiny over the Obama administration's secrecy over its targeted killing programme, media analysts and national security experts said the revelation that some newspapers had co-operated over the drone base had reopened the debate over the balance between freedom of information and national security. One expert described the initial decision not to publish the base's location as "shameful and craven". Dr Jack Lule, a professor of journalism and communication at Lehigh University in Pennsylvania, said that the national security implications did not merit holding on to the story. "The decision not to publish is a shameful one. The national security standard has to be very high, perhaps imminent danger," he said. The Obama administration has resisted any effort to open up its targeted killing programme to public scrutiny. The White House legal advice on the assassinations program, including the killing of a US citizen, Anwar al-Awlaki, has been withheld from the public and Congress, despite repeated requests to make it public. Lule said that in not publishing the location of the base when it had the information, the newspaper had failed in its responsibility to the public. "It happened at the top ranks of the media, too. They should have been leading the pack in calling for less secrecy. For them to give up that post is terrible."

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


CIA rendition: more than a quarter of countries 'offered covert support'
2013-02-05, The Guardian (One of the UK's leading newspapers)
Posted: 2013-02-12 10:18:38
http://www.guardian.co.uk/world/2013/feb/05/cia-rendition-countries-covert-su...

The full extent of the CIA's extraordinary rendition programme has been laid bare with the publication of a report showing there is evidence that more than a quarter of the world's governments covertly offered support. A 213-page report compiled by the Open Society Justice Initiative (OSJI), a New York-based human rights organisation, says that at least 54 countries co-operated with the global kidnap, detention and torture operation that was mounted after 9/11, many of them in Europe. So widespread and extensive was the participation of governments across the world that it is now clear the CIA could not have operated its programme without their support, according to the OSJI. "Responsibility for these violations does not end with the United States. Secret detention and extraordinary rendition operations, designed to be conducted outside the United States under cover of secrecy, could not have been implemented without the active participation of foreign governments. These governments too must be held accountable." The states identified by the OSJI include those such as Pakistan, Afghanistan, Egypt and Jordan where the existence of secret prisons and the use of torture has been well documented for many years. But the OSJI's rendition list also includes states such as Ireland, Iceland and Cyprus, which are accused of granting covert support for the programme by permitting the use of airspace and airports by aircraft involved in rendition flights. Iran and Syria are identified by the OSJI as having participated in the rendition programme.

Note: For deeply revealing reports from reliable major media sources on the illegal operations that comprise the 'global war on terror', click here.


Justice Department sues S&P over mortgage bond ratings
2013-02-04, Los Angeles Times
Posted: 2013-02-12 10:15:46
http://www.latimes.com/business/la-fi-sandp-justice-20130205,0,1104883.story

The federal government is ... going after Wall Street's biggest credit rating firm for its role in pumping up the housing bubble. The Justice Department filed a lawsuit [on Feb. 4] against Standard & Poor's Corp. The suit accuses the company's analysts of issuing glowing reviews on troubled mortgage securities whose subsequent failure helped cause the worst financial crisis since the Great Depression. The action marks the first federal crackdown against a major credit rater, and it signals an untested legal tack after limited success in holding the nation's banks accountable for the part they played in the crisis. The government selected Los Angeles as the venue to file the lawsuit in part because it was one of the regions hardest hit when the bottom fell out of the housing market. Hundreds of thousands of California residents lost their homes to foreclosure, and others saw their wealth evaporate as properties plummeted in value. In addition to the Justice Department, several state attorneys general are investigating the ratings agency. States such as California and New York are expected to pursue their own investigations and legal action, people familiar with the matter said. The federal action does not involve any criminal allegations. Critics have complained that the government has yet to send any senior bankers or Wall Street executives to jail for potential illegal behavior that led to the crisis. But civil actions typically require a much lower burden of proof.

Note: For deeply revealing reports from reliable major media sources on the criminal practices of the financial industry, click here.


'Who knew' mortgage defense falling apart
2013-02-07, San Francisco Chronicle (SF's leading newspaper)
Posted: 2013-02-12 10:12:36
http://www.sfgate.com/business/bottomline/article/Who-knew-mortgage-defense-f...

The "who knew?" defense [was] thrown down by financial institutions and their senior executives to ward off accusations that they were somehow responsible for the disaster that befell the country. That defense is now crumbling by the day, thanks in part to their own employees' admissions. Citing internal e-mails, California joined the federal government and 15 other states this week in filing multibillion-dollar civil fraud lawsuits against the nation's leading credit ratings agency, Standard & Poor's, for allegedly deliberately "downplaying and disregarding the true extent of the credit risks" of the financial instruments it had rated as rock-solid. S&P says the charges are "without factual or legal merit," while adding that it, "like everyone else, did not predict the speed and severity of the coming crisis and how credit quality would ultimately be affected." Stack that up against an S&P executive who warned in an internal memo in December 2006, "This market is a wildly spinning top which is going to end badly." Or the 2007 e-mail from an analyst that read, "Job's going great, aside from the fact that the MBS (residential mortgage-backed securities) is crashing." Foreknowledge seemed to be apparent at JPMorgan Chase and Morgan Stanley as well. Internal documents in a lawsuit filed by Dexia SA, a French-Belgian bank, alleging "egregious fraud" by JPMorgan in the sale of $1.7 billion of mortgage-backed bonds, suggested executives at JPMorgan, Bear Stearns and Washington Mutual ... intentionally covered up the unworthiness of the securities they were selling.

Note: For deeply revealing reports from reliable major media sources on the criminal practices of the financial industry, click here.


Rate-Rigging Investigation Rolls On
2013-02-07, New York Times
Posted: 2013-02-12 10:10:18
http://dealbook.nytimes.com/2013/02/07/rate-rigging-investigation-rolls-on/

The global investigation into interest-rate manipulation has emboldened prosecutors to crack down on banks, and the settlement with the Royal Bank of Scotland on [Feb. 6] underscored that strategy. As part of the $612 million deal that American and British authorities reached with R.B.S., the bank’s Japanese unit was required to plead guilty to criminal wrongdoing, echoing an earlier action taken against a subsidiary of UBS. The cases announced so far give other banks some idea of what to expect. Three questions come into play: how much it will cost, whether a guilty plea will be required and whether embarrassing e-mails will be released. The winners in all this may be the lawyers and other advisers. The trove of internal e-mails and employee interviews, filed as part of a lawsuit by one of the investors in the securities, offers a fresh glimpse into Wall Street’s mortgage machine, which churned out billions of dollars of securities that later imploded. The documents reveal that JPMorgan, as well as two firms the bank acquired during the credit crisis, Washington Mutual and Bear Stearns, flouted quality controls and ignored problems, sometimes hiding them entirely, in a quest for profit.

Note: For deeply revealing reports from reliable major media sources on the criminal practices of the financial industry, click here.


Doubt Is Cast on Firms Hired to Help Banks
2013-01-31, New York Times
Posted: 2013-02-12 10:08:08
http://dealbook.nytimes.com/2013/01/31/doubt-is-cast-on-firms-hired-to-help-b...

Federal authorities are scrutinizing private consultants hired to clean up financial misdeeds like money laundering and foreclosure abuses, taking aim at an industry that is paid billions of dollars by the same banks it is expected to police. The consultants operate with scant supervision and produce mixed results, according to government documents and interviews with prosecutors and regulators. In one case, the consulting firms enabled the wrongdoing. The deficiencies, officials say, can leave consumers vulnerable and allow tainted money to flow through the financial system. The pitfalls were exposed last month when federal regulators halted a broad effort to help millions of homeowners in foreclosure. The regulators reached an $8.5 billion settlement with banks, scuttling a flawed foreclosure review run by eight consulting firms. In the end, borrowers hurt by shoddy practices are likely to receive less money than they deserve, regulators said. Critics concede that regulators have little choice but to hire outsiders for certain responsibilities after they find problems at the banks. The government does not have the resources to ensure that banks follow the rules. Some banks that work with consultants continue to run afoul of the law. At other times, consultants underestimate the extent of the misdeeds or facilitate them, preventing regulators from holding institutions accountable.

Note: For deeply revealing reports from reliable major media sources on the criminal practices of the financial industry, click here.


Former airline pilot and conspiracy theorist 'shot dead his two teenage children and his dog before turning the gun on himself'
2013-02-07, Daily Mail
Posted: 2013-02-12 10:00:55
http://www.dailymail.co.uk/news/article-2275258/Phillip-Marshall-Former-airli...

A pilot who wrote a conspiracy theory book about 9/11 is dead after he shot his two teenage children and family dog before turning the gun on himself. Relatives and friends of Phillip Marshall were stunned by the violent crime which took place in Calaveras County on [Feb. 2]. The tragedy came as a shock for those living in the small town. The former airline pilot's controversial conspiracy book The Big Bamboozle: 9/11 and the War on Terror was released last year. While he was writing it, Marshall believed that his life was in danger because of the allegations involved. According to [the] Santa Barbara View, during the editing and pre-marketing process of Marshall’s book, he expressed some degree of paranoia because the nonfiction work accused the George W. Bush administration of being in cahoots with the Saudi intelligence community in training the hijackers who died in the planes used in the attacks. Amazon says about Philip Marshall: 'A veteran airline captain and former government "special activities" contract pilot, he has authored three books on "Top Secret America," a group presently conducting business as the United States Intelligence Community. Marshall has studied and written [about] covert government special activities and the revolving door of Wall Street tricksters, media moguls, and their well funded politicians. He is the leading aviation expert on the September 11th attack.'

Note: Does something smell fishy here? Don't miss the even more revealing article written in a local newspaper at this link which questions whether Marshall might have been killed because of his 9/11 conspiracy views.


Why Police Lie Under Oath
2013-02-03, New York Times
Posted: 2013-02-05 10:46:38
http://www.nytimes.com/2013/02/03/opinion/sunday/why-police-officers-lie-unde...

Are police officers necessarily more trustworthy than alleged criminals? The police have a special inclination toward confabulation ... because, disturbingly, they have an incentive to lie. In this era of mass incarceration, the police shouldn’t be trusted any more than any other witness, perhaps less so. That may sound harsh, but numerous law enforcement officials have put the matter more bluntly. Peter Keane, a former San Francisco Police commissioner, wrote [that] “Police officer perjury in court to justify illegal dope searches is commonplace. One of the dirty little not-so-secret secrets of the criminal justice system is undercover narcotics officers intentionally lying under oath. It is a perversion of the American justice system that strikes directly at the rule of law. Yet it is the routine way of doing business in courtrooms everywhere in America.” The New York City Police Department is not exempt from this critique. New York City officers have been found to engage in patterns of deceit in cases involving charges as minor as trespass. Jeannette Rucker, the chief of arraignments for the Bronx district attorney, explained in a letter that it had become apparent that the police were arresting people even when there was convincing evidence that they were innocent. To justify the arrests, Ms. Rucker claimed, police officers provided false written statements, and in depositions, the arresting officers gave false testimony.

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


Biotech Firms, Billions at Risk, Lobby States to Limit Generics
2013-01-29, New York Times
Posted: 2013-02-05 10:42:39
http://www.nytimes.com/2013/01/29/business/battle-in-states-on-generic-copies...

In statehouses around the country, some of the nation’s biggest biotechnology companies are lobbying intensively to limit generic competition to their blockbuster drugs, potentially cutting into the billions of dollars in savings on drug costs contemplated in the federal health care overhaul law. The complex drugs, made in living cells instead of chemical factories, account for roughly one-quarter of the nation’s $320 billion in spending on drugs, according to IMS Health. And that percentage is growing. They include some of the world’s best-selling drugs, like the rheumatoid arthritis and psoriasis drugs Humira and Enbrel and the cancer treatments Herceptin, Avastin and Rituxan. The drugs now cost patients — or their insurers — tens or even hundreds of thousands of dollars a year. Two companies, Amgen and Genentech, are proposing bills that would restrict the ability of pharmacists to substitute generic versions of biological drugs for brand name products. Bills have been introduced in at least eight states since the new legislative sessions began this month. Others are pending. The companies and other proponents say such measures are needed to protect patient safety because the generic versions of biological drugs are not identical to the originals. For that reason, they are usually called biosimilars rather than generics. Generic drug companies and insurers are taking their own steps to oppose or amend the state bills, which they characterize as pre-emptive moves to deter the use of biosimilars, even before any get to market.

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


President of perpetual war
2013-01-24, San Francisco Chronicle (SF's leading newspaper)
Posted: 2013-02-05 10:41:13
http://www.sfgate.com/opinion/article/President-of-perpetual-war-4221915.php

Four years into his presidency, President Obama's political formula should be obvious. He gives fabulous speeches teeming with popular liberal ideas, often refuses to take the actions necessary to realize those ideas and then banks on most voters, activists, reporters and pundits never bothering to notice - or care about - his sleight of hand. Never was this formula more apparent than when the president discussed military conflicts during his second inaugural address. Declaring that "a decade of war is now ending," he insisted that he "still believe(s) that enduring security and lasting peace do not require perpetual war." Few seemed to notice that the words came from the same president who is manufacturing a state of "perpetual war." Obama, let's remember, is the president who escalated the Afghanistan War and whose spokesman recently reiterated that U.S. troops are not necessarily leaving that country anytime soon. He is the president who has initiated undeclared wars in Pakistan, Yemen, Somalia and Libya. Just days before Obama's inaugural address declaring an end to war, the Washington Post reported that the administration's new manual establishing "clear rules" for counterterrorism operations specifically creates a "carve-out (that) would allow the CIA to continue" the president's intensifying drone war. That's the "perpetual war," you'll recall, in which Obama asserts the extra-constitutional right to compile a "kill list" and then order bombing raids of civilian areas in hopes of killing alleged militants - including U.S. citizens.

Note: Could it be that the military-industrial complex has significantly more power than the president? For powerful evidence of this from a high-ranking US general, click here.


Pentagon's new massive expansion of 'cyber-security' unit is about everything except defense
2013-01-28, The Guardian (One of the UK's leading newspapers)
Posted: 2013-02-05 10:39:45
http://www.guardian.co.uk/commentisfree/2013/jan/28/pentagon-cyber-security-e...

Cyber-threats are the new pretext to justify expansion of power and profit for the public-private National Security State. The Washington Post [reports] "a major expansion of [the Pentagon's] cybersecurity force over the next several years, increasing its size more than fivefold." Specifically, ... "the expansion would increase the Defense Department's Cyber Command by more than 4,000 people, up from the current 900." The Post describes this expansion as "part of an effort to turn an organization that has focused largely on defensive measures into the equivalent of an Internet-era fighting force." This Cyber Command Unit operates under the command of Gen. Keith Alexander, who also happens to be the head of the National Security Agency, the highly secretive government network that spies on the communications of foreign nationals - and American citizens. These activities pose a wide array of serious threats to internet freedom, privacy, and international law that, as usual, will be conducted with full-scale secrecy and with little to no oversight and accountability. And, as always, there is a small army of private-sector corporations who will benefit most from this expansion. The fear-mongering rhetoric from government officials has relentlessly intensified, all devoted to scaring citizens into believing that the US is at serious risk of cataclysmic cyber-attacks from "aggressors". This all culminated when Defense Secretary Leon Panetta, last October, warned of what he called a "cyber-Pearl Harbor". This "would cause physical destruction and the loss of life, an attack that would paralyze and shock the nation and create a profound new sense of vulnerability."

Note: Defense Secretary Panetta's warning of a 'cyber-Pearl Harbor' will surely serve as a reminder for many of the Project for the New American Century's call for a 'new Pearl Harbor' just a few months before 9/11. Is it likely that he was unaware of the baggage such language carries at present? For more on WantToKnow team member Prof. David Ray Griffin's epochal book The New Pearl Harbor, click here.


Obama's non-closing of GITMO
2013-01-29, The Guardian (One of the UK's leading newspapers)
Posted: 2013-02-05 10:28:18
http://www.guardian.co.uk/commentisfree/2013/jan/29/obama-guantanamo-pentagon...

The New York Times ... reported yesterday that the State Department "reassigned Daniel Fried, the special envoy for closing the prison at Guantánamo Bay, Cuba, and will not replace him". That move obviously confirms what has long been assumed: that the camp will remain open indefinitely. Dozens of the current camp detainees have long been cleared by Pentagon reviews for release - including Adnan Farhan Abdul Latif, a 36-year-old Yemeni who died at the camp in September after almost 11 years in a cage despite never having been charged with a crime. Like so many of his fellow detainees, his efforts to secure his release were vigorously (and successfully) thwarted by the Obama administration. What [makes] Guantánamo such a travesty of justice [is] not its geographic locale in the Caribbean Sea, but rather its system of indefinite detention: that people [are] put in cages, often for life, without any charges or due process. Obama's plan was to preserve and continue that core injustice - indefinite detention - but simply moved onto US soil. Put simply, Obama's plan was never to close Gitmo as much as it was to re-locate it to Illinois: to what the ACLU dubbed "Gitmo North". That's why ACLU Executive Director Anthony Romero said of Obama's 2009 "close-Gitmo" plan that it "is hardly a meaningful step forward" and that "while the Obama administration inherited the Guantánamo debacle, this current move is its own affirmative adoption of those policies." That's because, he said, "the administration plans to continue its predecessor's policy of indefinite detention without charge or trial for some detainees, with only a change of location."

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


Oil supply grows, but so does price
2013-01-25, San Francisco Chronicle (SF's leading newspaper)
Posted: 2013-02-05 10:21:58
http://www.sfgate.com/business/article/Oil-supply-grows-but-so-does-price-422...

Since 2008, oil production in the United States has surged ... 28 percent as the controversial practice of fracking unlocks new supplies in North Dakota and Texas. At the same time, use of oil and petroleum products has fallen 4 percent, as Americans switch to more efficient cars. In theory at least, both of those factors should have pushed the price of crude down. Instead, it's gone up. Since bottoming out during the financial crisis, oil futures traded on the New York Mercantile Exchange have nearly tripled in value, climbing from $33.87 per barrel in December 2008 to roughly $95 this month. Oil still costs substantially more now than it did in 2007, before the recession began. The high price illustrates a brutal truth of today's interconnected world - oil is a global commodity, bought and sold in a global marketplace. Even while demand falls in the United States, it's growing in countries such as China and India. Critics say the price paradox undercuts the oil industry's efforts to drill in more of America's public lands and coastal waters. "It really debunks the myth of 'Drill, baby, drill,' that if we just produce more oil, prices will stay low or go lower," said Michael Marx, director of the Sierra Club's Beyond Oil campaign. Will all that extra petroleum finally mean lower prices? "It's a difficult question to answer, because there's not a one-for-one (relationship) between an increase in production and a decrease in prices," said Doug MacIntyre, director of the Energy Information Administration's office of petroleum statistics. "There are so many other factors."

Note: Though the author refers to "so many other factors," he doesn't even mention greed and corruption which almost everyone knows are rampant. When will the media focus their attention on these fundamental challenges of our world?


Can the Secret Service tell you to shut up?
2012-03-15, Washington Times
Posted: 2013-01-29 09:26:03
http://www.washingtontimes.com/news/2012/mar/15/can-the-secret-service-tell-y...

[On March 8, 2012], President Obama signed into law the Federal Restricted Buildings and Grounds Improvement Act of 2011. This law permits Secret Service agents to designate any place they wish as a place where free speech, association and petition of the government are prohibited. It permits the Secret Service to make these determinations based on the content of speech. Thus, federal agents whose work is to protect public officials and their friends may prohibit the speech and the gatherings of folks who disagree with those officials or permit the speech and the gatherings of those who would praise them, even though the First Amendment condemns content-based speech discrimination by the government. The new law also provides that anyone who gathers in a “restricted” area may be prosecuted. Permitting people to express publicly their opinions to the president only at a time and in a place and manner such that he cannot hear them violates the First Amendment, which guarantees the right to useful speech. The same may be said of the rights to associate and to petition. If peaceful public assembly and public expression of political demands on the government can be restricted to places where government officials cannot be confronted, then those rights, too, have been neutered. This abominable legislation enjoyed overwhelming support from both political parties in Congress because the establishment loves power, fears dissent and hates inconvenience, and it doesn’t give a damn about the Constitution.

Note: How strange that the Washington Times was one of the few media to have even covered this incredible infringement on the right to free speech. Fox News also covered it, as you can see in this excellent video. Now instead of being a country where free speech is held in great esteem, the US has "free speech zones" outside of which citizens lose their right to speak freely. What's happening here?


Justice for the PayPal WikiLeaks protesters: why DDoS is free speech
2013-01-22, The Guardian (One of the UK's leading newspapers)
Posted: 2013-01-29 09:24:30
http://www.guardian.co.uk/commentisfree/2013/jan/22/paypal-wikileaks-proteste...

In December 2010, the hacktivist collective Anonymous voiced their displeasure with PayPal, over that company's part in the banking blockade of Wikileaks. A reported 10,000 protesters around the world took to the internet with a protest method known as DDoS (distributed denial of service) – the functional equivalent of repeatedly hitting the refresh button on a computer. With enough people refreshing enough times, the site is flooded with traffic, slowed, or even temporarily knocked offline. No damage is done to the site or its backing computer system; and when the protest is over, the site resumes business as usual. This is not "hacking". It is protest, and it is speech. Or it was … until the United States government decided to serve 42 warrants and indict 14 protesters. While protest charges have typically been seen as tantamount to nuisance crimes, like trespassing or loitering, these were different. The 14 PayPal defendants, some of whom were teenagers when the protest occurred, find themselves looking at 15 years in federal prison – for exercising their free speech rights; for redressing their grievances to PayPal, a major corporation; for standing up for what they believed was right. Instead of being handed a $50 fine, as one would face for traditional protest crimes such as a sit-in, the PayPal defendants' freedoms are in real jeopardy. Since the PayPal prosecution, there have been no DDoS protests on that scale. Speech has been chilled. Supreme court Justice William O Douglas said: "Restriction of free thought and free speech is the most dangerous of all subversions. It is the one un-American act that could most easily defeat us."

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


11 EU nations to plan tax on financial transactions
2013-01-22, Los Angeles Times
Posted: 2013-01-29 09:22:31
http://www.latimes.com/news/world/worldnow/la-fg-wn-11-eu-tax-financial-trans...

Pressing ahead where others have balked, 11 European countries received the green light ... to plan a financial transaction tax that could generate billions of dollars in revenue for cash-strapped governments. Led by Germany and France, the European Union’s two heavyweights, the nations will now work out how to introduce a levy on the buying and selling of stocks and bonds and on the use of complex financial instruments known as derivatives. Advocates say such a tax is not only necessary to help discourage risky transactions like those that precipitated the 2008 global financial meltdown but also a fair way to make financial institutions pay to help clean up the leftover mess. The U.S., at the urging of Wall Street, has opposed a financial transaction tax; so has Britain, which is home to Europe’s largest financial trading hub. Hesitation in London as well as some other European capitals stalled a proposal, made in September 2011, to charge a unified financial transaction tax across the 27-nation EU. The 11 countries, all of which share the euro as their currency, decided to forge ahead on their own, deepening integration among a subset of EU members that together account for more than half of the region’s economic output. EU-wide, officials had estimated that a levy of just 0.1% on trades of stocks and bonds and 0.01% on derivatives could bring in $75 billion a year.

Note: For deeply revealing reports from reliable major media sources on the profiteering of an unregulated financial industry, click here.


The Untouchables: How the Obama administration protected Wall Street from prosecutions
2013-01-23, The Guardian (One of the UK's leading newspapers)
Posted: 2013-01-29 09:20:47
http://www.guardian.co.uk/commentisfree/2013/jan/23/untouchables-wall-street-...

PBS' Frontline program on [January 22] broadcast a new one-hour report on one of the greatest and most shameful failings of the Obama administration: the lack of even a single arrest or prosecution of any senior Wall Street banker for the systemic fraud that precipitated the 2008 financial crisis: a crisis from which millions of people around the world are still suffering. What this program particularly demonstrated was that the Obama justice department, in particular the Chief of its Criminal Division, Lanny Breuer, never even tried to hold the high-level criminals accountable. What Obama justice officials did instead is exactly what they did in the face of high-level Bush era crimes of torture and warrantless eavesdropping: namely, acted to protect the most powerful factions in the society in the face of overwhelming evidence of serious criminality. Worst of all, Obama justice officials both shielded and feted these Wall Street oligarchs ... as they simultaneously prosecuted and imprisoned powerless Americans for far more trivial transgressions. As Harvard law professor Larry Lessig put it two weeks ago when expressing anger over the DOJ's persecution of Aaron Swartz: "we live in a world where the architects of the financial crisis regularly dine at the White House." As [documented in the] 2011 book on America's two-tiered justice system, With Liberty and Justice for Some: How the Law Is Used to Destroy Equality and Protect the Powerful, the evidence that felonies were committed by Wall Street is overwhelming.

Note: To watch this highly revealing PBS documentary, click here or here. For deeply revealing reports from reliable major media sources on the collusion between government 'regulators' and the financial powers they 'regulate', click here.


CIA to exempt strikes on Pakistan from drones codification
2013-01-20, The Guardian (One of the UK's leading newspapers)
Posted: 2013-01-29 09:19:10
http://www.guardian.co.uk/world/2013/jan/20/cia-pakistan-drone-strikes-codifi...

John Brennan, the counter-terrorism adviser nominated by President Obama to be the next head of the CIA, has reportedly agreed to exempt agency strikes in Pakistan from a new set of rules that attempts to justify and codify the use of drones to assassinate leaders of al-Qaida and other terrorist groups around the world, including US citizens. The dispensation to allow so-called targeted killing to continue without restrictions in Pakistan removes from the new set of guidelines the most important and controversial target of drone strikes. In the past few weeks the frequency of US strikes in the tribal areas of northern Pakistan ... has been stepped up. The pass would allow the US to sustain heavy bombardments of the tribal regions via drones launched from bases in Afghanistan for another year or two, ahead of the withdrawal of most American forces from that country in 2014. The decision to give the US targeted-killing programme the appearance of legal propriety by codifying it, and now the temporary exemption granted from that codification to Pakistan, were both taken by Brennan. A counter-terrorism expert with 25 years experience in the CIA, his nomination to run the agency has raised eyebrows among civil liberties groups because of his senior role in the CIA under George W Bush at a time when torture was used on terror suspects and because of his fondness for drone strikes. The UK-based Bureau of Investigative Journalism estimates that there have been 362 drone strikes in the country since 2004 – 310 of them launched on Obama's watch. The strikes have killed up to 3,461 people.

Note: Imagine the uproar if another country killed innocent civilians in the US while using drones to kill terrorists in the country. Visit the Living Under Drones website here. For more analysis click here.


Why Americans are dying earlier than their international peers
2013-01-09, CNN
Posted: 2013-01-29 08:41:45
http://www.cnn.com/2013/01/09/health/international-health-report/index.html

Despite spending more per person on health care than any other country, Americans are getting sicker and dying younger than our international peers -- a problem persisting across all ages and both genders. [The National Research Council and Institute Of Medicine] panel released its report, titled "U.S. Health in International Perspective: Shorter Lives, Poorer Health," on [January 9]. "Our panel was unprepared for the gravity of the finding we uncovered," chair Steven Woolf wrote in the report's preface. Data from 2007 show Americans' life expectancy is 3.7 years shorter for men and 5.2 years shorter for women than in the leading nations -- Switzerland for men and Japan for women. As of 2011, 27 countries had higher life expectancies at birth than the United States. "The tragedy is not that the United States is losing a contest with other countries," the report states, "but that Americans are dying and suffering from illness and injury at rates that are demonstrably unnecessary." The report outlines nine health areas where the United States lags behind other rich nations, including infant mortality, homicides, teen pregnancy, drug-related deaths, obesity and disabilities. And our children are less likely than children in peer countries to reach their fifth birthday. "Many of these conditions have a particularly profound effect on young people, reducing the odds that Americans will live to age 50," the report states.

Note: For a much deeper analysis of the reasons behind this, see Dr. Mercola's insightful comments at this link.


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