Media ArticlesExcerpts of Key Media Articles in Major Media
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.
Kevin Ferry: There are Libor subpoenas raining down on the New York branches of these foreign banks today. So I think you really have to watch it. The [British Bankers' Association] is now saying they are going to go into ‘overhaul’ mode. So as if we don’t have enough things going on, you’re going to start opening up a Pandora’s Box here in the Libor sector of the market. I think what they’re going to do ... is basically put the old system in a coma, and work to devise something that’s a little bit better, and it’s going to be tricky. Doug Dachille: So what are they going to do with the euro/dollar futures and all the outstanding notion of principal of contracts linked to Libor? I mean is everybody going to convert their Libor interest rate swaps to cost of fund funds or Fed fund basis swaps or some other index? KF: Are you asking me? I’ve asked that question as high as I could ask it and I get blank stares. DD: It’s not clear that every bank has exactly the same Libor exposure, so it’s not clear that that cartel, in setting Libor and manipulating it, actually is as powerful as the cartel that manages oil prices. Yet I don’t hear any outrage of people routinely trading commodity derivatives and commodity futures, as much as I hear the outrage over euro/dollar futures and Libor-based interest rate swaps. Everybody assumes that’s what goes on when you trade commodity futures, but nobody ever really thought that was going on when you were trading euro/dollar futures.
Note: The text above is an excerpt from a CNBC news video. Click on the link above for the full report. For deeply revealing reports from reliable major media sources on corruption in the financial sector, click here.
The U.S. government said it will stop issuing permits for new nuclear power plants and license extensions for existing facilities until it resolves issues around storing radioactive waste. The government's main watchdog, the Nuclear Regulatory Commission, believes that current storage plans are safe and achievable. But a federal court said that the NRC didn't detail what the environmental consequences would be if the agency is wrong. There are 14 reactors awaiting license renewals at the NRC, and an additional 16 reactors awaiting permits for new construction. Nuclear waste disposal has been a daunting political question that is still unanswered after decades of study. Nuclear watchdog groups -- which don't agree with the NRC's assertion that the waste is currently safely stored -- are hoping the new review will provide an opportunity to push for stricter standards at nuclear power plants. There are currently 104 operating nuclear reactors at 64 plants across the country. Half are over 30 years old. '"The court is ordering them to do this analysis that should have been done a long time ago," said Edwin Lyman, a senior scientist at the Union of Concerned Scientists. In particular, UCS and others want less of the waste to be stored in pools of water, which they believe are vulnerable to sudden draining and possible meltdown.
Note: For deeply revealing reports from reliable major media sources on corruption in the nuclear power industry, click here.
The international security contractor formerly known as Blackwater [and now called Academi LLC] has agreed to pay a $7.5 million fine to settle federal criminal charges related to arms smuggling and other crimes. The list of 17 violations includes possessing automatic weapons in the United States without registration, lying to federal firearms regulators about weapons provided to the king of Jordan, passing secret plans for armored personnel carriers to Sweden and Denmark without US government approval, and illegally shipping body armor overseas. Federal prosecutors said the company, which has held billions in US security contracts in Iraq and Afghanistan, repeatedly flouted US laws. ‘‘Compliance with these laws is critical to the proper conduct of our defense efforts and to international diplomatic relations,’’ said Thomas G. Walker, the US attorney for the Eastern District of North Carolina. ‘‘This prosecution is an important step to ensuring that our corporate citizens comply with these rules in every circumstance.’’ Blackwater was founded in 1997 by former Navy SEAL Erik Prince. The company rose to national attention after winning massive no-bid security contracts from the US government at the Iraq War’s start. In 2010, after several high-profile controversies, the company reached a $42 million settlement with the Department of State over repeated violations of the Arms Export Control Act and the International Trafficking in Arms Regulations.
Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.
The shooter behind the deadly massacre at the Sikh Temple of Wisconsin [on August 5, 2012] has been identified as 40-year-old Wade Michael Page. Page previously served in the U.S. military, but was no longer on active duty. Page enlisted in the Army in April 1992 and was given a less-than-honorable discharge in October 1998. He was last stationed in Fort Bragg, N.C., serving in the psychological operations unit. Authorities said Page strode into the temple carrying a 9mm handgun and multiple magazines of ammunition and opened fire without saying a word. When the shooting at the Sikh Temple of Wisconsin in suburban Milwaukee ended, six victims ranging in age from 39 to 84 years old lay dead. Three others were critically wounded. The suspect was shot and killed by police. Page joined the military in Milwaukee in 1992 and was a repairman for the Hawk missile system before switching jobs to become one of the Army’s psychological operations specialists assigned to a battalion at Fort Bragg, N.C. As a psyops specialist, Page would have trained to host public meetings between locals and American forces, use leaflet campaigns in a conflict zone or use loudspeakers to communicate with enemy soldiers. He never deployed overseas while serving in that role, Pentagon spokesman George Wright said. The FBI was leading the investigation because the shooting was considered domestic terrorism, or an attack that originated inside the U.S. The agency said it had no reason to believe anyone other than Page was involved. The shooting also came two weeks after a gunman killed 12 people at movie theater in Colorado.
Note: For more on US military and intelligence agency mind control programs and the creation of assassins ("Manchurian Candidates"), click here.
The U.S. Defense Department will encourage companies to build solar power plants and wind farms on 16 million acres of open land surrounding military bases, making each base less dependent on the nation's aging electricity grid. The plan ... will help the military cut its $4 billion annual energy bill and help insulate bases from blackouts. A study the Defense Department released this year found that the lands surrounding four military installations in Southern California alone could generate seven gigawatts of solar energy, equivalent to the output of seven nuclear reactors. But the plan will not focus solely on the desert Southwest. Federal officials also will study the possibility of creating offshore wind farms near military bases along the country's coasts. Solar, wind, geothermal and biomass facilities developed near military bases will be used primarily to power those facilities. But the projects will be big enough that the private companies that finance and build them will be able to sell some excess energy to other users.
Note: For reports from reliable major media sources on energy developments, click here.
Internal documents from the Boy Scouts of America reveal more than 125 cases in which men suspected of molestation allegedly continued to abuse Scouts, despite a blacklist meant to protect boys from sexual predators. A Los Angeles Times review of more than 1,200 files from 1970 to 1991 found suspected abusers regularly remained in the organization after officials were first presented with sexual misconduct allegations. Predators moved from troop to troop because of clerical errors, computer glitches or the Scouts' failure to check the blacklist, known as the "perversion files." In at least 50 cases, the Scouts expelled suspected abusers, only to discover they had re-entered the organization and were accused of molesting again. In other cases, officials failed to document reports of abuse in the first place, letting offenders stay in the program until new allegations came to light. One scoutmaster was expelled in 1970 for sexually assaulting a 14-year-old boy in Indiana. After being convicted of the crime, he went on to join two troops in Illinois between 1971 and 1988. He later admitted to molesting more than 100 boys. The "perversion files" naming suspected child molesters include admissions of guilt as well as unproven allegations. The confidential documents have come to light in recent years in lawsuits by former Scouts, accusing the group of failing to detect abuses, exclude known pedophiles or turn in offenders to authorities. The Boy Scouts have fought in court to keep the records from public view, saying confidentiality was needed to protect victims, witnesses and anyone falsely accused.
Note: Sexual offender lists are widely available to the public without endangering victims. Why would the scouts refuse to release the names of sexual abusers?
For nearly a century, the Boy Scouts of America has relied on a confidential blacklist known as the "perversion files" as a crucial line of defense against sexual predators. That barrier, however, has been breached repeatedly. A Los Angeles Times review of more than 1,200 files dating from 1970 to 1991 found more than 125 cases across the country in which men allegedly continued to molest Scouts after the organization was first presented with detailed allegations of abusive behavior. Predators slipped back into the program by falsifying personal information or skirting the registration process. Others were able to jump from troop to troop around the country thanks to clerical errors, computer glitches or the Scouts' failure to check the blacklist. In some cases, officials failed to document reports of abuse in the first place, letting offenders stay in the organization until new allegations surfaced. In others, officials documented abuse but merely suspended the accused leader or allowed him to continue working with boys while on "probation." In at least 50 cases, the Boy Scouts expelled suspected abusers, only to discover later that they had reentered the program and were accused of molesting again.
Note: For deeply revealing reports from reliable major media sources on institutional sexual abuse scandals, click here.
In a nation thirsting for energy, he loomed like a messiah: a small-town engineer who claimed he could run a car on water. The assertion — based on the premise that he had discovered a way to easily split the oxygen and hydrogen atoms in water molecules with almost no energy — would, if proven, represent a stunning breakthrough for physics and a near-magical solution to Pakistan’s desperate power crisis. “By the grace of Allah, I have managed to make a formula that converts less voltage into more energy,” the professed inventor, Agha Waqar Ahmad, said in a telephone interview. “This invention will solve our country’s energy crisis and provide jobs to hundreds of thousands of people.” Established scientists have debunked his spectacular claims, first made one month ago, saying they violate ironclad laws of physics. The quest to harness chemical energy from water is a holy grail of science, offering the tantalizing promise of a world free from dependence on oil. Groups in other countries, including Japan, the United States and Sri Lanka, have previously made similar claims. They have been largely ignored. Not so with Mr. Ahmad, even if he is an unlikely scientific prodigy. He graduated with a degree in mechanical engineering in 1990 from a small technical college in Khairpur, in southern Sindh Province, he said in the interview. For most of his career he worked in a local police department. He is currently unemployed. But he sprang up at a moment when Pakistan was intensely aware of its power shortcomings.
Note: For deeply revealing reports from reliable major media sources on new energy inventions, click here.
The Washington press corps ... is too caught up in its own self-importance and petty competition to understand it has become the cabin boy of the political class. Washington reporters are co-conspirators in an ongoing fraud. The epidemic of blind quotes is a standard way of giving a platform to officials speaking in an official capacity, yet with zero accountability. The practice is also supremely manipulative, giving the most banal information the allure of forbidden fruit. At its worst, the game can allow the vice president of the United States to leak phony intelligence to the New York Times and later refer back to the leak as independent journalistic confirmation, leading to invasion and hundreds of thousands of deaths and a trillion dollars in squandered treasure. The Iraq disgrace aside, obscuring official sources might be understandable if this journalistic worst practice were in the service of earth-shaking news. It almost never is. The blind quotes, though, are not even the worst of it. The New York Times recently revealed that reporters are not merely working on background, they negotiate after interviews what comments may be used and send them to sources for prepublication approval. The sources routinely edit those quotes before turning them back over to news organisations. As media ethicist Edward Wasserman so aptly put it, "At this point you're no longer talking about an interview; you're talking about a press release … And what happens is Washington becomes no different from Beijing, in terms of reporting what authorities want reported".
Note: For deeply revealing reports from reliable sources on mass media corruption, click here.
In late June, activists gathered in New York's Times Square to make the ... point that, unbelievably, "there are more rules governing your ability to trade a banana from one country to the next than governing your ability to trade an AK-47 or a military helicopter". So said Amnesty International USA's Suzanne Nossel ... just before the start of the UN conference on the Arms Trade Treaty (ATT), which ran from 2 July to 27 July. Thanks to a last-minute declaration by the United States that it "needed more time" to review the short, 11-page treaty text, the conference ended last week in failure. There isn't much that could be considered controversial in the treaty. Signatory governments agree not to export weapons to countries that are under an arms embargo, or to export weapons that would facilitate "the commission of genocide, crimes against humanity, war crimes" or other violations of international humanitarian law. Exports of arms are banned if they will facilitate "gender-based violence or violence against children" or be used for "transnational organised crime". Why does the US need more time than the more than 90 other countries that had sufficient time to read and approve the text? The answer lies in the power of the gun lobby [and] the arms industry. The US is the world's largest weapons producer, exporter and importer. Protesters outside the UN during the ATT conference erected a mock graveyard, with each headstone reading: "2,000 people killed by arms every day." That's more than one person killed every minute.
Note: For deeply revealing reports from reliable major media sources on government corruption, click here.
Rejecting entreaties from consumers and activists, Wal-Mart Stores Inc. says it has no objection to selling a new crop of genetically modified sweet corn created by biotech giant Monsanto. Environmental and health activists expressed surprise and disappointment at Wal-Mart’s decision. Earlier this year, Whole Foods, Trader Joe’s and General Mills said they would not carry or use the genetically modified sweet corn. “A lot of people who were their customers explicitly said we don’t want you to carry this product, and I think it’s unfortunate that they chose not listen to that feedback,” said Patty Lovera, assistant director of the consumer group Food and Water Watch. In March, the group presented Wal-Mart with a petition signed by 463,000 people asking it to boycott the product, she said. Monsanto’s genetically modified sweet corn is resistant to a common herbicide, which allows farmers to kill weeds without killing the corn. It also contains a toxin that fends off certain pests. Critics say they would like the U.S. Food and Drug Administration to require some pre-market safety testing and labeling of genetically modified foods, saying the lack of study makes it impossible to know whether they pose health risks. “There has been a doubling of food allergies in this country since 1996,” said Michael Hansen, a senior scientist at Consumers Union, the policy arm of Consumer Reports. “Is it connected to genetically engineered foods? Who knows when you have no labeling? That is the problem.”
Note: Strangely, this article was taken down from the Tribune website shortly after its original posting. To read the complete article, click here. For deeply revealing reports from reliable major media sources on the dangers of genetically modified foods, click here.
As demand for locally grown fruits and vegetables has increased, so too has the number of urban farmers markets sprouting up across the nation. The U.S. Department of Agriculture announced ... that the number of direct-sales markets has increased 9.6 percent in the past year, with California and New York leading the way. After 18 years of steady increases, the number of farmers markets across the country now registered with the USDA is 7,864. In 1994, there were 1,744. Organizations such as Slow Food, founded in 1989 to counter fast-food, junk-food lifestyles, first ignited consumer demand for fresh, local produce. Some markets are so popular that there are wait lists for farmers to sell there, including one of the largest and most diverse of all, the Ferry Plaza Farmers Market in San Francisco. Farmers from across the region travel there three days a week to sell fruits, vegetables and artisan breads and cheeses to thousands of shoppers, including top chefs from the food-centric city. Operated by the Center for Urban Education about Sustainable Agriculture, the iconic market on the San Francisco Bay is celebrating its 20th birthday. "When we started there were only three markets in the city, and now there are 29," said Liz Hunt, a center spokeswoman.
Note: For deeply inspiring reports from major media sources, click here.
F.B.I. agents on a hunt for leakers have interviewed current and former high-level government officials from multiple agencies in recent weeks, casting a distinct chill over press coverage of national security issues as agencies decline routine interview requests and refuse to provide background briefings. The criminal investigation, which has reached into the White House, the Pentagon, the National Security Agency and the C.I.A., appears to be the most sweeping inquiry into intelligence disclosures in years. It coincides with Senate consideration of new legislation designed to curb intelligence officials’ exchanges with reporters. The legislation approved last week by the Senate Intelligence Committee would reduce to a handful the number of people at each agency permitted to speak to reporters on “background,” or condition of anonymity; require notice to the Senate and House intelligence committees of authorized disclosures of intelligence information; and permit the government to strip the pension of an intelligence officer who illegally discloses classified information. The Obama administration has set a record for prosecuting leaks of classified information to the news media, with six cases to date, more than under all previous presidents combined. The F.B.I. appears to be focused on recent media disclosures on American cyberattacks on Iran, a terrorist plot in Yemen that was foiled by a double agent and the so-called “kill list” of terrorist suspects approved for drone strikes.
Note: For deeply revealing reports from reliable major media sources on government secrecy, click here.
France’s parliament passed President Francois Hollande’s revised 2012 budget, including a 0.2 percent transaction tax on share purchases that takes effect today. The bill’s passage into law marks “the first step toward fiscal reform and a move toward justice,” Finance Minister Pierre Moscovici said in a statement. With the vote, France becomes the first European country to impose a transaction tax on share purchases. The Hollande government is doubling the levy to 0.2 percent from the 0.1 percent tax initially advocated by former President Nicolas Sarkozy. Many institutional investors may escape the tax using so-called contracts for difference, or CFDs, offered by prime brokers that let them bet on a stock’s gain or loss with owning the shares. The transaction tax, aimed at curbing market speculation, will be paid on the purchase of 109 French stocks with market values of more than 1 billion euros ($1.2 billion), including Pernod Ricard SA and Vivendi SA. The new budget law will be applied to transactions resulting in “a transfer of property” of companies trading in Paris, regardless of where the buyer or seller is based, and may be expanded next year along with some European partners. France estimated that the doubling of the tax will bring in an additional 170 million euros in 2012 and 500 million euros next year. The state will start collecting the tax in November, Budget Minister Jerome Cahuzac’s press office said. The government estimated that the doubling of the tax will cut the volume of stock purchases to 800 billion euros from 1.05 trillion euros with a 0.1 percent levy and 1.3 trillion euros with no transaction tax.
Note: This exciting news is one of the most underreported events of the year. A universal FTT would stop much of the craziness in the derivatives market. The EU is also seriously considering implementing an FTT. Click here for more.
The FBI, for the first time, has admitted publicly that it knew the radical Muslim cleric Anwar al-Awlaki was returning to the U.S. in October 2002 and that an FBI agent discussed the American's return with a U.S. attorney before he was detained and then abruptly released from federal custody. Al-Awlaki, who would become the first American targeted for death by the CIA, eventually was killed last September in Yemen by a U.S. drone strike. Mark Giuliano, the FBI's assistant director for national security, testified [on August 1] that the FBI knew in advance that he was making his way back to the United States. Al-Awlaki was detained at New York City's JFK airport because a customs database flagged him based on an outstanding arrest warrant. Former FBI agents say there are only likely two explanations: The bureau let the cleric into the country to track him for intelligence, or the bureau wanted to work with him as a friendly contact. The FBI has never explained why it let al-Awlaki walk free at a time when dozens of young Muslim men were being held in detention centers on material witness warrants in the wake of the Sept. 11 terrorist attacks. Al-Awlaki was under a full FBI investigation by the Washington office when he was invited to lunch at an executive dining room at the Pentagon in February 2002.
Note: For deeply revealing reports from reliable major media sources on the hidden realities of intelligence agencies, click here.
Two Portland residents say they will appear before a federal grand jury in Seattle Thursday in an investigation of anarchist activity, according to a statement they released on [August 1]. Grand jury subpoenas have also been served to activists in Olympia and Seattle ... according to the Seattle Chapter of the National Lawyers Guild, which identifies itself as an association of progressive lawyers. The guild urged the U.S. Attorney’s Office to drop the subpoenas [because] they were being used “as a pretext for harassing political activists.” “It concerns us any time there are law-enforcement raids that target political literature, first amendment-protected materials,” [guild spokesman Neil] Fox said. Two weeks before a heavily armed, July 25 FBI raid that Dennison Williams and Leah-Lynn Plante said took place at their Portland home, the Seattle Police Department SWAT team seized evidence connected to the May Day investigation from a Judkins Park apartment of Occupy Seattle members. In both cases, those searched told media that law-enforcement charged into their homes [with a battering-ram] early in the morning and used a stun grenade, a non-lethal object that creates a disorienting loud bang and bright light. Williams told The Oregonian that the FBI took his laptop computer, cell phone, two thumb drives, multiple pieces of black clothing, and a T-shirt that read on the front “Multi Death Corporations.”
Note: Amazingly, the FBI raids on political activists in Seattle and Portland have gone completely unreported by the mass media. For analysis of the FBI's attacks on dissenters, click here, here and here. For a Democracy Now! video report, click here. For deeply revealing reports from reliable major media sources on civil liberties, click here.
Mexican prosecutors formally filed drug charges ... against four high-ranking army officers, including three generals and a lieutenant colonel. They are the highest-ranking Mexican army officials arrested in at least 15 years, and allegedly provided protection for the Beltran-Leyva drug cartel. The Attorney General's Office said charges of "organized crime to further drug trafficking" were lodged against retired generals Tomas Angeles Dauahare and Ricardo Escorcia, as well as active service Gen. Roberto Dawe Gonzalez. Retired Lt. Col. Silvio Hernandez Soto faces the same charge. The previous highest-ranking army official arrested was Gen. Jesus Gutierrez Rebollo, then head of Mexico's anti-drug agency, who was arrested in 1997 and later convicted of aiding deceased drug lord Amado Carrillo Fuentes. More than 47,000 people have been killed in drug violence ... according to government figures.
Note: For reliable information in the involvement of rogue elements of the US government in the illegal drug trade, click here.
After years of frustration and hundreds of millions of dollars lost on a system that didn't work, the FBI has finally deployed a new $451 million computer system called Sentinel. The web-based interface allows agents to widely search all FBI case files and data as they work investigations and track down leads, effectively moving FBI agents and analysts away from paper based files to a streamlined computer program. The system allows agents to conduct searches of related case information to "connect the dots." The FBI was sharply criticized after the 9/11 attacks for failing to piece together information about suspected terrorists obtaining flight training in the United States. The FBI was first warned in July 2001 by FBI Agent Ken Williams, who was assigned to the Phoenix Field Office, that individuals associated with Osama Bin Laden were undertaking a coordinated effort to obtain flight training in Arizona. The memo he wrote recommending that the FBI have liaison with flight schools in their areas was not widely read or acted upon. In August 2001 officials at FBI headquarters did not realize the significance of the arrest of Zacarias Moussaoui who was seeking flight training in Minnesota and had financial connections to the 9/11 hijackers.
Note: For deeply revealing reports from reliable major media sources on the hidden realities of intelligence agencies, click here.
Gore Vidal, the elegant, acerbic all-around man of letters who presided with a certain relish over what he declared to be the end of American civilization, died on [July 31]. He was 86. The cause was complications of pneumonia, his nephew Burr Steers said. Few American writers have been more versatile or gotten more mileage from their talent. He published some 25 novels, two memoirs and several volumes of stylish, magisterial essays. He also wrote plays, television dramas and screenplays. For a while he was even a contract writer at MGM. And he could always be counted on for a spur-of-the-moment aphorism, putdown or sharply worded critique of American foreign policy. Perhaps more than any other American writer except Norman Mailer or Truman Capote, Mr. Vidal took great pleasure in being a public figure. He twice ran for office — in 1960, when he was the Democratic Congressional candidate for the 29th District in upstate New York, and in 1982, when he campaigned in California for a seat in the Senate. Some of his political positions were ... provocative. Mr. Vidal was an outspoken critic of Israel’s treatment of the Palestinians. After the Sept. 11 terrorist attacks, he wrote an essay for Vanity Fair arguing that America had brought the attacks upon itself by maintaining imperialist foreign policies. In another essay, for The Independent, he compared the [9/11] attacks to the Japanese raid on Pearl Harbor, arguing that both Presidents Franklin D. Roosevelt and George W. Bush knew of them in advance and exploited them to advance their agendas.
Note: Gore Vidal was very outspoken on his belief that 9/11 was an inside job, yet the media give this very light coverage in discussing his career. For a video clip of Vidal recommending The New Pearl Harbor by David Ray Griffin, which reveals a major 9/11 cover-up, click here.
The tiny Himalayan kingdom of Bhutan drew international attention a few years back for saying gross national happiness should trump gross domestic product when measuring a nation's progress. But Bhutan, which has only 700,000 people — most of whom are farmers — has another shot at international fame if it can make good on a recent pledge to become the first country in the world to convert to a 100 percent organic agricultural system. [In June] at the Rio+20 Conference on Sustainable Development, Prime Minister Jigmi Thinley said his government is developing a National Organic Policy because the country's farmers are increasingly convinced that "by working in harmony with nature, they can help sustain the flow of nature's bounties." Andre Leu, an Australian adviser to the Bhutanese government and the president of the International Federation of Organic Agriculture Movements, says it's very doable. "I don't think it's going to be that difficult given that the majority of the agricultural land is already organic by default," Leu [said]. The Ministry of Agriculture says the organic program, launched in 2007, is not just about protecting the environment. It will also train farmers in new methods that will help them grow more food and move the country closer to self-sufficiency. The ministry is now training extension workers in organic methods and giving farmers who go organic priority for government assistance.
Note: For deeply inspiring reports from reliable sources, click here.
Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.