Media ArticlesExcerpts of Key Media Articles in Major Media
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Israeli archaeologists have uncovered dramatic evidence of what they believe are the earliest known attempts at agriculture, 11,000 years before the generally recognised advent of organised cultivation. Previously, scientists had believed that organised agriculture in the Middle East ... had begun around 12,000 BC and later spread west through Europe. The new research is based on excavations at a site known as Ohalo II, which was discovered in 1989. Occupied by a community of hunter-gatherers at the height of the last ice age 23,000 years ago, it revealed evidence of six brush huts with hearths as well as stone tools and animal and plant remains. According to the researchers, the community at Ohalo II was already exploiting the precursors to domesticated plant types that would become a staple in early agriculture, including emmer wheat, barley, pea, lentil, almond, fig, grape and olive. Significantly, however, they discovered the presence of two types of weeds in current crop fields: corn cleavers and darnel. Microscopic examination of the edges of stone blades from the site also found material that may have been transferred during the cutting and harvesting of cereal plants. Prof Ehud Weiss, head of the archaeological botany lab at the Department of Land of Israel Studies, told the Guardian [that] the mixture of “proto-weeds” and grains that would become domesticated mirrors plant findings from later agricultural communities. The site also revealed evidence of rudimentary breadmaking.
Note: For more along these lines, see concise summaries of deeply revealing archaeology news articles from reliable major media sources.
In 1986, the director of Britain's premier domestic spy agency told Margaret Thatcher's cabinet secretary the risk of "embarrassment" from publicizing a politician's suspected child abuse was greater than the "danger" he presented. CBS News partner network Sky News reported the new twist in Britain's long and still-unfolding child sexual abuse scandal on Thursday, saying then-MI5 director Sir Antony Duff had told Prime Minister Thatcher's staffer "the risks of political embarrassment to the government is rather greater than the security danger." The name of the Member of Parliament Duff had been asked to investigate, over allegations he had a "penchant for small boys," has not been revealed, but Sky reported Wednesday that four former senior politicians were named in previously unseen government documents on abuse. All four have been dead for years, but they were senior members of Thatcher's cabinet. Over the course of several years the sex abuse scandal has snowballed, revealing - at best - a pervasive lax attitude among British law enforcement, politicians and celebrity culture toward the abuse of children during the 1970s and 80s. The ongoing police investigation has already landed some big names from British culture ... in jail for abuses committed during the height of their popularity. Others have been posthumously revealed as serial abusers. Sky's investigation, however, is the first time any suggestion of a possible cover-up of abuse by senior government officials has emerged.
Note: The Thatcher government was reported to have covered up a VIP pedophile ring. Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
As complaints grow about exorbitant drug prices, pharmaceutical companies are coming under pressure to disclose the development costs and profits of those medicines and the rationale for charging what they do. So-called pharmaceutical cost transparency bills have been introduced in at least six state legislatures in the last year, aiming to make drug companies justify their prices, which are often attributed to high research and development costs. “If a prescription drug demands an outrageous price tag, the public, insurers and federal, state and local governments should have access to the information that supposedly justifies the cost,” says the preamble of a bill introduced in the New York State Senate in May. In an article being published Thursday, more than 100 prominent oncologists called for support of a grass-roots movement to stem the rapid increases of prices of cancer drugs, including by letting Medicare negotiate prices with pharmaceutical companies and letting patients import less expensive medicines from Canada. “There is no relief in sight because drug companies keep challenging the market with even higher prices,” the doctors wrote in the journal Mayo Clinic Proceedings. Pressure is mounting from elsewhere as well. The top Republican and Democrat on the United States Senate Finance Committee last year demanded detailed cost data from Gilead Sciences, whose hepatitis C drugs, which cost $1,000 a pill or more, have strained the budgets of state and federal health programs.
Note: For more along these lines, see concise summaries of deeply revealing news articles about big pharma profiteering from reliable major media sources.
From when Karen Morgan was 12, until she was well into her teens, she was sexually abused by her uncle - a ministerial servant with the Jehovah's Witnesses. Christian churches, as well as other religions, have faced claims of child abuse. But what is striking about the Jehovah's Witnesses is their explicit policy of dealing with abuse in-house, [and that] they insist there must be two witnesses to a crime. In Karen's case a second witness did come forward: Wendy, a family friend and fellow [church] member ... had been raped by the same man. Despite a pattern of predatory sexual behaviour, it took more than two decades to bring Wendy and Karen's abuser to justice. He is now serving a 14-year prison sentence. His punishment from the Jehovah's Witnesses? There wasn't one. When the case came to court, the organisation was reluctant to co-operate. Jehovah's Witnesses are not the only religious organisation to try to deal with allegations of sexual abuse in-house. For many decades, that was the preferred method of the Roman Catholic Church. Only this month, an ultra-Orthodox Jewish scholar from Manchester - who fled to Israel after he was exposed as a paedophile - was jailed for 13 years. The court had heard that both women who testified ... in the case had been "ostracised" by their community as a result of speaking out.
Note: For more along these lines, see concise summaries of deeply revealing news articles on sex abuse scandals from reliable major media sources.
During a discussion yesterday in Aspen with ... CNN anchor Wolf Blitzer, FBI Director James Comey somberly warned that ISIS now officially poses a bigger threat to the “U.S. homeland” than the one posed by former title-holder Al Qaeda — because, of course, the Latest Threat must always be the Greatest Threat. Comey also said that the previous bigger-than-Al-Qaeda contender, “The Khorasan Group,” has been “diminished” by “the work done by our great military” — because the War on Terror narrative requires that it must always be somehow simultaneously true that (1) the Terror Threat facing Americans is Greater Than Ever™ and (2) U.S. military actions against Terrorism are succeeding. To dramatize ISIS as The New Greatest Threat to the Homeland, FBI Director Comey first summoned the TV-actor-who-plays-the-journalist-character-called-Wolf-Blitzer to Aspen, and then NBC News posted to the top of its news article a slick, scary, music-and-graphic-driven video using all of Hollywood’s horror film staples to provide the visceral kick. I’m really grateful that because Americans have a free press, we’re not subject to state propaganda the way people in those bad, unfortunate countries are.
Note: Read an excellent essay by a top US general exposing how war is a racket. Is this why terrorist fear-mongers always claim that it is the scariest time ever? For more along these lines, see concise summaries of deeply revealing news articles about the manipulation of public perception.
There are constitutional requirements for providing adequate health care to our incarcerated populations. In 1976, the U.S. Supreme Court decided in Estelle v. Gamble that “deliberate indifference to serious medical needs of prisoners constitutes the ‘unnecessary and wanton infliction of pain’ ... proscribed by the Eighth Amendment.” In 1993, in Helling v. McKinney, the court decided that prison officials cannot expose inmates to environments that “pose an unreasonable risk of serious damage” to their future health. Since then, however, frequent reports and lawsuits ... strongly suggest that many U.S. prisons and jails have ignored these rulings. Allegations of subpar care in Arizona provide a good example of how correctional health care dysfunction puts cancer patients at extreme risk. In March 2012, the ACLU and allied prisoners’ rights groups filed a lawsuit against the Arizona Department of Corrections (ADC) and several state officials [that] points to several cases of what it describes as poorly treated, or untreated, cancer. The American Friends Service Committee-Arizona released a report in October 2013 [which] found that some 105 prisoners died in custody from March 2012 to June 2013. The AFSC studied 14 deaths in depth. Six involved metastatic cancers. “This clearly indicates that the conditions were long-standing and suggests that these deaths might have been preventable had the individuals received more timely care,” the report charges.
Note: In 2013, the ADC terminated its contract with prison health contractor Wexford. A billion dollar company named Corizon then got the lucrative contract. According to the New York Times, inmate deaths increase at Corizon-serviced facilities. For more along these lines, see concise summaries of deeply revealing news articles about the corrupt prison industry.
According to newly released police video, a Texas trooper threatened Sandra Bland with a Taser when he ordered her out of her vehicle during a traffic stop on July 10, three days before she was found dead in a county jail. Bland — a 28-year old African American woman — was stopped for failing to signal while changing lanes, but the routine traffic stop turned confrontational after the officer, Brian Encinia, ordered Bland to put out her cigarette. Bland refused. Encinia opened the driver’s door and attempted to physically remove Bland from the vehicle. “I’m going to yank you out of here,” Encinia said as the two struggled in the car. “Don’t touch me, I’m not under arrest,” Bland said. “I will light you up!” Encinia said, while pointing the Taser at Bland. State Sen. Royce West (D) said that after viewing the video, he could confirm that Bland was threatened with a Taser by the officer. Details of the confrontation were not included in the arrest warrant written by Encinia, which officials released ... eight days after Bland’s death in the Waller County Jail. During the incident, Bland repeatedly asks why she is being arrested. The remainder of the confrontation occurs outside the view of the camera, but the audio captured what appeared to be a struggle. On Wednesday, authorities responded to allegations that the dashcam video had been edited from its original form. The video uploaded by state officials to YouTube contains visual sequences that appeared to repeat themselves.
Note: The video referenced above was removed from YouTube after this article was published. See strong evidence in this NPR report showing the video was altered to hide what really happened. For more along these lines, see concise summaries of deeply revealing news articles about the routine violation of civil liberties.
Government papers about the former home secretary Leon Brittan are among a fresh batch of documents which have come to light months after the conclusion of an official review into whether allegations of child abuse were covered up by the Home Office in the 1980s. The documents also reveal that the then director general of MI5 corresponded with the Cabinet Secretary in 1986 about an unnamed MP who was alleged to have “a penchant for small boys”. The letter from Sir Anthony Duff to Sir Robert Armstrong added: “At the present stage ... the risks of political embarrassment to the government is rather greater than the security danger.” “The risk to children is not considered at all,” Peter Wanless, chief executive of the NSPCC, and barrister Richard Whittam, said in a supplement to their review. The papers ... will be passed to an ongoing independent inquiry into child abuse within state and non-state institutions. Previously unreleased files also concern figures including Margaret Thatcher’s parliamentary private secretary, the late Sir Peter Morrison, former diplomat Sir Peter Hayman and former minister Sir William van Straubenzee. The papers also contain material on allegations by a former British army intelligence agent, Colin Wallace, about the Kincora boys’ home in Northern Ireland, which has long been at the centre of abuse claims. The Wanless review, published in November after the investigation of 114 missing Home Office files, could not rule out the possibility of files being destroyed as part of a coverup.
Note: Watch powerful evidence in a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles on sex abuse scandals from reliable major media sources.
His body ravaged by chemotherapy treatments, retired radio engineer John Kanzius spent months in his basement in 2003 cobbling together a makeshift tumor-killing machine. Kanzius had no medical background. He had been a ham radio operator and the owner of a television and radio station company. But he had leukemia, and he did not want to die. He did not know it then, but the John Kanzius's Noninvasive Radiowave Cancer Device ... would eventually make the pages of respected medical journals and attract the support of leading cancer researchers. Dr. Steven A. Curley, an oncologist ... launched Kanzius’s research into the national spotlight and devoted his career to the project. Curley had treated many cancer patients, but [grew] particularly close with Kanzius. In 2009, Kanzius died at 64 from pneumonia while undergoing chemotherapy. Many thought the Kanzius machine would die with him. But this May, Curley filed protocols with the Italian Ministry of Health to test the radio wave machine on humans diagnosed with pancreatic and liver cancer. Researchers from the University of Pittsburgh, the MD Anderson Cancer Center and Rice University tested the technology [on] human cancer cells in petri dishes, as well as into tumors in mice, rats, rabbits and pigs. Using the Kanzius machine, they were able to heat [injected] nanoparticles and, as a result, kill all those cancerous cells [while surrounding healthy areas remained intact]. Results were published in the oncology medical journal Cancer, as well as Nano Research.
Note: Learn more about promising cancer treatments that are emerging and why these are frequently overlooked. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
America ... is indecently over-incarcerated. We lock up far more people per capita than any nation even close to our size: roughly 2.4 million men, women, and children. The financial toll of mass incarceration is irresponsible; the human toll is unconscionable. Just 40 years ago, our incarceration rates were much lower, and on par with our peer nations. Since then, however, our prison population has ballooned by about 700%. What happened? We launched the so-called War on Drugs. Criminalizing drug abuse only further shatters people and families that are already in pieces. Our criminal-justice system ... takes people whom we have failed since birth — subjecting them to substandard food, poor living conditions, failing schools, unsafe communities — and then tries to “correct” them through inhumane, over-punitive treatment. For four decades, we have embraced the lie that incarceration ... protects us. Mass incarceration does not make us safer; it makes us more vulnerable. It destroys communities, wastes resources, separates families, ruins lives. It is the result of policies that criminalize poverty and make prisons and jails become warehouses for deeply damaged people with little or no access to mental health or substance abuse treatment. Instead, let’s invest those resources in our neighbors and family members so they don’t end up in the system to begin with, and if they do, so they can get back on their feet.
Note: What is not mentioned here is the role of the greedy prison-industrial complex which has privatized prisons and made imprisoning people profitable. For more along these lines, see concise summaries of deeply revealing news articles about the corrupt prison industry built upon by systematic violations of civil rights.
A treason investigation into two journalists who reported that the German state planned to increase online surveillance has been suspended by the country’s prosecutor general following protests by leading voices across politics and media. Harald Range, Germany’s prosecutor general, said on Friday he was halting the investigation “for the good of press and media freedom”. It was the first time in more than half a century that journalists in Germany had faced charges of treason. His announcement followed a deluge of criticism and accusations that Germany’s prosecutor had “misplaced priorities”, having failed to investigate with any conviction the NSA spying scandal revealed by whistleblower Edward Snowden, and targeting instead the two investigative journalists, Markus Beckedahl and Andre Meister. The two reporters made reference to what is believed to be a genuine intelligence report that had been classified as confidential, which proposed establishing a new intelligence department to monitor the internet, in particular social media networks. Beckedahl hit out at the prosecutor’s investigation against him on Friday on the state broadcaster Deutschlandfunk, calling it “absurd” and suggesting it was meant as a general warning to scare sources from speaking to journalists. Much of the German media called the decision an attack on the freedom of the press.
Note: The NSA recently got caught spying on German reporters, possibly as a favor to the German government. For more along these lines, see concise summaries of deeply revealing news articles about corruption in the intelligence community and the manipulation of public perception.
Former New York Times reporter Judy Miller ... granted anonymity to government officials and then uncritically laundered their dubious claims. As the paper’s own editors put it in their 2004 mea culpa about the role they played in selling the [Iraq] war: “We have found a number of instances of coverage that ... seems questionable now, was insufficiently qualified or allowed to stand unchallenged.” But 12 years after Miller left, you can pick up that same paper on any given day and ... find reporters doing exactly the same thing. It is worth observing how damaging it continues to be, because, shockingly, all sorts of self-identified “journalists” — both within the paper and outside of it — continue to equate unverified assertions from government officials as Proven Truth, even when these officials are too cowardly to attach their names to these claims, as long as papers such as the NYT launder them. Among the assertions mindlessly repeated by the Paper of Record from its beloved anonymous officials is this one: that ISIS learned to use couriers as a result of the Snowden revelations. The claim itself ... is monumentally stupid. Terrorists have known for a very long time that the U.S. government and its allies are trying to intercept their communications, and have long used encryption and other means to prevent that. This is the same process that enabled the New York Times, more than any other media outlet, to sell the Iraq War to the American public, and they’re using exactly the same methods to this day.
Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in the intelligence community and the manipulation of public perception.
Jeff Bradstreet, the controversial autism doctor who authorities say committed suicide on June 19 following a federal raid of his offices ... was closely involved with a European company that provided the drug targeted in the search. On June 19, the day of Bradstreet’s death, a European news report described the deaths of five people at a Swiss clinic run by the company, First Immune. The condition that led these people to the clinic remains unclear, as is what caused their deaths, but each patient reportedly paid 5,000 euros per week (about $5,400 US) for treatment. The First Immune Facebook page ... includes a post by a page administrator about the death of Bradstreet that claims: "Dr Bradstreet has been under attack by big pharma for his success during all his professional life so there is no way he would have committed a suicide for just another attack. He was murdered; the FDA were clearly involved, and the other suspect is the MMR vaccine co-orporations, who work with the FDA." Rumors of a murder conspiracy continue to buzz around Bradstreet’s death, and family members have used money from a fundraiser to hire private investigators to look into it.
Note: For other informative articles on the mysterious deaths of alternative health doctors who had developed possible cures for cancer and autism, see this webpage and this one.
Although Dr. Martin Luther King, Jr. used Christian social ethics ... his enduring ethos, at its core, is nonreligious. It champions a set of moral, spiritual, and civic responsibilities. Nowhere does he transmute spiritual ideas from various traditions into secular principles more masterfully than in his extraordinary 1958 essay “An Experiment in Love.” Penned five years before his famous Letter from Birmingham City Jail ... the essay was eventually included in the indispensable A Testament of Hope: The Essential Writings and Speeches of Martin Luther King, Jr.. In the first of the six basic philosophies, Dr. King addresses the tendency to mistake nonviolence for passivity. The second tenet: "Nonviolence ... does not seek to defeat or humiliate the opponent, but to win his friendship and understanding. The aftermath of nonviolence is the creation of the beloved community, while the aftermath of violence is tragic bitterness." In considering the third characteristic of nonviolence, Dr. King appeals to the conscientious recognition that those who perpetrate violence are often victims themselves. Out of this recognition flows the fourth tenet: "Nonviolent resistance [requires] a willingness to accept suffering without retaliation." The fifth basic philosophy [extends from] the noblest use of what we call “love”. With this, he turns to the sixth and final principle of nonviolence as a force of justice, undergirded by the nonreligious "creative force in this universe that works to bring the disconnected aspects of reality into a harmonious whole."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Sophia Ben-Achour ... is an “echoborg” – a living, breathing person who has temporarily given themselves over to become a robot’s mouthpiece. Whatever she says originated in a chatbot across the internet, and is then fed to her through a small earpiece. The bizarre set-up has a serious purpose: to understand the way that the body and appearance of artificial intelligence can shape our perception. It’s particularly crucial to our understanding of AI because in the future we may be surrounded by machines that are indistinguishable from ourselves – and we need to know how we will react. Kevin Corti, one of the researchers, [is investigating this by combining] a human body with a robot mind, “so that people actually believe they are encountering another person.” Corti and his supervisor Alex Gillespie were inspired by work on “cyranoids” – an experiment invented by the controversial psychologist Stanley Milgram. He is most famous for his notorious experiment on obedience ... showing how easily we will harm another rather than question authority. By the end of his life, however, Milgram seems to have turned his mind to the gentler subject of body perception. When we are talking to someone ... are our opinions pre-formed, based solely on what a person looks like? Milgram [eventually] set up experiments in which a “cyranoid” is fed words from another person in another room, through a small radio transmitter in the ear.
Note: Stanley Milgram's early experiments revealed some uncomfortable truths about mind control, while his later work informs the research described above. This shows that most people can not tell if they are speaking with the person in front of them, someone else remotely telling that person what to say, or a robot. This is further evidence that everyday perceptions are manipulable.
Vermont is scheduled to become the first U.S. state to require foods with altered DNA to be labelled as such. Rocker Neil Young is lending his support to the state’s efforts. Young, who performed in concert Sunday at the Champlain Valley Exposition in Vermont, appeared earlier with Gov. Peter Shumlin and donated $100,000 to a fund devoted to defending Vermont’s genetically modified organism, or GMO, labeling law from legal challenges. “It’s a huge gift, and we need more like them,” Shumlin said Monday. The money will be used to help defray the costs of a legal battle that Attorney General Bill Sorrell has estimated could cost the state as much as $8 million. The Grocery Manufacturers of America and other industry groups are suing to block the law before its scheduled implementation date, July 1, 2016. Young has been touring to promote a new album, “The Monsanto Years,” which is sharply critical of the Monsanto Co.’s role in agriculture.
Note: Monsanto's political clout in the U.S. recently led to what has been popularly termed "the Monsanto protection act." The risks and dangers of genetically engineering crops are becoming increasingly clear.
Reporter Jason Leopold ... has revealed about 20,000 pages of government documents, some of them the basis for explosive news stories. His secret weapon: the Freedom of Information Act. A number of stories over the last several years based on government documents leaked by WikiLeaks and by ... Edward J. Snowden seem to have piqued the interest of the public, and of journalists, in acquiring such materials. In 2009, according to its own figures, the government received about 560,000 Freedom of Information Act requests. By 2014, that number had risen to about 715,000. The Freedom of Information Act was enacted in the 1960s to help citizens gather information on their government. In practice, it can seem as if Kafka and Orwell sat down together to plot a nightmare of bureaucratic complication. Each government agency or department has its own FOIA office that it must finance out of its own budget. [Yet] the office of the secretary of defense ... with an annual budget of more than $500 billion, was reported, in 2013, not to be accepting FOIA requests because its fax machine was broken. The C.I.A.’s FOIA website has been down for some time, Mr. Leopold said, and there seem to be few signs it will be fixed. And there is one small Treasury Department office, he said, that has no working email, fax number or address, and that does not answer the phone.
Note: For more along these lines, see concise summaries of deeply revealing news articles about high level manipulation of mass media.
"An Open Secret" is an unsettling look at pedophilia in Hollywood. The film's distillation of firsthand testimony and archival material has haunting implications. Amid the sickening recollections of victims and the even more sickening justifications of abusers, alleged and convicted, a picture emerges of a business devoid of oversight, where starry-eyed kids and trusting parents are easy prey. The [documentary by Amy Berg] advocates for transparency and an active watchdog apparatus, and it points to instances where convicted child molesters continue to work with children in the industry. Mainly, the film explores the shadows where managers, agents, producers and other power players take their predatory bonding with boys to criminal extremes. Five young men step forward to share their accusations of abuse. One of them, Michael Egan, filed headline-making allegations against Hollywood figures in 2014 — claims that he later dropped, an outcome that changed the trajectory of the film. However, an ongoing dispute between Berg and performers' union SAG-AFTRA, which threatened legal action over references to it, doesn't appear to have affected the finished product. With a healthy sense of outrage, it illuminates a long-standing culture in which lines of moral responsibility are blurred and accountability is all but nil.
Note: Don't miss this incredible film which follows five boys and their families who were gradually ensnared by a secret Hollywood pedophile ring which ruins their lives. It is available for free viewing on this webpage. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
Retired Army Gen. Mike Flynn, a top intelligence official in the post-9/11 wars in Iraq and Afghanistan, says in a forthcoming interview ... that the drone war is creating more terrorists than it is killing. He also asserts that the U.S. invasion of Iraq helped create the Islamic State. Flynn, who in 2014 was forced out as head of the Defense Intelligence Agency, has in recent months become an outspoken critic of the Obama administrations Middle East strategy. The former three star general ... describes the present approach of drone warfare as a failed strategy. What we have is this continued investment in conflict, the retired general says. The more weapons we give, the more bombs we drop, that just fuels the conflict. In 2010, [Flynn] published a controversial report on intelligence operations in Afghanistan, stating in part that the military could not answer fundamental questions about the country and its people despite nearly a decade of engagement there. Earlier this year, Flynn commended the Senate Intelligence Committee report on CIA torture saying that torture had eroded American values and that in time, the U.S. will look back on it, and it wont be a pretty picture.
Note: Drone strikes almost always miss their intended targets. Casualties of war whose identities are unknown are frequently mis-reported to be "militants". For more along these lines, see concise summaries of deeply revealing news articles about military corruption.
Tired of sharing a single bathroom with his teenage son, Sean Rosas hatched a plan. But ... renovating their broken-down bathroom ... would cost more than what Rosas, the director of volunteer services at a nonprofit, had on hand. That’s when Rosas, 43, stumbled on Lending Club, a website that matches borrowers directly with individual lenders. If you need a loan, the site pulls up your credit score, vets your application within minutes and assigns an interest rate. If enough people sign up to lend, you can get the money in days. More than 250 people chose to back Rosas, giving him a three-year, $16,000 loan at 8.9% annual interest. Rosas, who has made every monthly payment so far, is thrilled with his deal. “It was a much more human experience than if I had gone to a faceless bank,” he says. Peer-to-peer has grown partly as a response to the recession; when credit was tight, traditional banks pulled back on lending, and consumers needed alternatives. Compared with a traditional loan application, Lending Club is blissfully easy. To qualify, borrowers need only an active bank account, a minimum FICO credit score of 660 ... and at least three years of credit history. What lenders are really doing is investing: they’re putting their money in notes backed by the prospective repayment of loans. The sizes of the loans range from $1,000 to $35,000. Investors can buy notes in increments as small as $25. Since its founding in 2006, Lending Club has delivered investors an average annual return of 7.79%–appealing at a time when three-year Treasury bonds average 1%.
Note: Curious about emerging alternatives to traditional banking? Learn more about the inspiring microcredit movement.
Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.