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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.
Is it preposterous to consider the existence of parallel universes? Or is it preposterous not to? Physicist Brian Greene would tend toward the latter view. The Columbia University theoretical physicist's latest book, "The Hidden Reality: Parallel Universes and the Deep Laws of the Cosmos," follows up on his two earlier books for popular audiences, "The Elegant Universe" and "The Fabric of the Cosmos." Those works presented step-by-step guides to string theory and space-time, respectively, leavened with pop-culture references and analogies drawn from everyday life. Greene doesn't explain just one scenario in which unreachable universes co-exist alongside our own. He delves into nine possibilities, drawn from different corners of scientific speculation. As a string theorist, Greene is used to ... criticism. Like parallel universes, the idea that matter's fundamental building blocks are tiny vibrating strings or multidimensional membranes has often been knocked as unprovable, unverifiable, unfalsifiable speculation. "That's provocative nonsense," Greene [commented]. Theorists are not just pulling this stuff out of thin air. Rather, they're being led to seemingly wild conclusions while working within what he called "the tight straitjacket of mathematics." The math is clearly suggesting that there may be other universes out there.
Note: For an excerpt from Greene's intriguing book, click here. For summaries of many other major media articles which raise fascinating questions which stretch our beliefs of what is real, click here. And for lots more intriguing information presenting evidence for a rich new paradigm, click here.
The case of Raymond A. Davis, a former United States Special Forces soldier who is being held in connection with the deaths of two Pakistanis, has stirred a diplomatic furor, sending the precarious relationship between the United States and Pakistan to a new low, both sides say. Mr. Davis, 36, was driving in dense traffic [when] two Pakistani men on a motorcycle tried to rob him. He shot and killed both and was arrested immediately afterward by police officers who say he was carrying a Glock handgun, a flashlight that attached to a headband and a pocket telescope. The mystery about what Mr. Davis was doing with this inventory of gadgets has touched directly on Pakistani resentments that members of the large American security presence here roam the country freely and are not answerable to the Pakistani authorities. The United States has warned Pakistan that if Mr. Davis is not released ... badly needed financial assistance could be cut. The public furor increased Sunday when the 18-year-old wife of one of the men Mr. Davis shot committed suicide, after saying she believed that the American would be unfairly freed. At the heart of the public outcry seems to be uncertainty over the nature of Mr. Davis’s work, and questions about why his camera, according to police investigators, had pictures of buildings in Pakistani cities. One of the identification cards confiscated by the police after his arrest ... said he was a Defense Department contractor. Another ... said he was attached to the consulate in Peshawar, which contradicts an initial American Embassy statement on the day of the shooting that described Mr. Davis as a staff member of the consulate in Lahore.
Note: There is likely much more to this than meets the eye.
Mr Bush was the keynote speaker at Keren Hayesod's annual dinner on Feb 12 in Geneva. But pressure has been building on the Swiss government to arrest him and open a criminal investigation into the torture allegations if he enters the country. Criminal complaints against Mr Bush have been lodged in Geneva and several human rights groups signalled that they are poised to take further legal action this week. Swiss officials have said that Mr Bush would still enjoy a certain diplomatic immunity as a former head of state. But Keren Hayesod organisers felt the atmosphere had become too threatening, fearing that protests organised to coincide with his visit could descend into riots.
J.P. Morgan Chase & Co. ignored or dismissed warning signs about the Madoff fraud even as it earned hundreds of millions of dollars from its relationship with his firm, according to a lawsuit unsealed [on February 3]. The $6.4 billion lawsuit ... claims that bankers at J.P. Morgan discussed the possibility that Bernard Madoff was operating a Ponzi scheme, worried that a firm of such size was audited by a storefront accountant and called his returns "too good to be true." "While numerous financial institutions enabled Madoff's fraud, JPMC was at the very center of that fraud, and thoroughly complicit in it," according to the 115-page lawsuit, filed under seal in December by Irving Picard, the trustee seeking to recover money for Mr. Madoff's victims. The complaint seeks the return of nearly $1 billion in J.P. Morgan's profits and fees, and $5.4 billion in damages. It goes into great detail about the bank's alleged efforts, starting in about 2006, to make money by offering products tied to Mr. Madoff through investment funds that fed money to him. The lawsuit offers a detailed account of the more than two decade relationship between J.P. Morgan and Mr. Madoff. The lawsuit claims that the bank didn't pay attention to billions of dollars passing through the Madoff firm's main J.P. Morgan account, much of it by hand-written check, or to discrepancies in the account balance and unreported obligations.
Note: For lots more from major media sources on the criminal practices of the biggest financial institutions, click here.
Volkswagen's amazing 300mpg-plus XL1 two-seater diesel/electric hybrid is a supercar where mpg matters more than mph. Imagine a different sort of supercar; small, lightweight, with the ... most parsimonious engine. That’s VW’s 21st-century streamliner, the XL1, honed not for speed but to achieve an astonishing 313mpg. VW has been messing about with these cigar-thin eco cars since the 1980 ARVW concept. In 1999, it developed a Lupo capable of three litres per 100km (94mpg), but Ferdinand Piëch, VW’s chairman, was more ambitious and had already ordered his R&D team to build him a “one-litre” (282mpg) car. In normal operation, the car stays in electric drive until full throttle is used, speeds exceed 62mph or the battery charge is down to 20 per cent. In e-mode, the car remains on battery power until 10 per cent of its charge remains (about 22 miles), whereupon the motor starts to charge it and power the vehicle. The 2.2-gallon fuel tank gives a range of about 340 miles. As might be expected, the body style is all about wind cheating. With a frontal area of 16.15sq ft and a drag coefficient of 0.186, the XL1 will be the world’s most aerodynamic production car.
Note: For many exciting reports from reliable sources on breakthroughs in automotive technology, click here.
United States taxpayers have funneled more than $60 billion of aid into Egypt since President Hosni Mubarak came to power in 1981, but more than half of the money has been spent supplying weapons to the country’s military. About $34 billion of the aid to Egypt has come in the form of grants that Congress requires Egypt to spend on American military hardware. In recent years the large amount of aid earmarked for the military, and the relatively low sums supporting civilian aid, have attracted scathing criticism from Egyptians, some of whom argue that US aid has gone to entrench a military dictator at the expense of the fledgling democracy activists. During the early turmoil, protesters were the target of tear gas canisters that read "made in the USA," fueling debate about the aid. Last year, Egypt was the fifth-largest recipient of US aid, getting $1.6 billion. Congress ... authorized major aid packages to both [Egypt and Israel in 1979], using an informal formula — not enshrined in the peace treaty — that gave Egypt $2 for every $3 that Israel received. Israel quickly became the largest recipient of US aid, and Egypt the second-largest — rankings that were only recently overtaken by wars in Afghanistan and Iraq, and last year, the disaster in Haiti. The strong interest of US companies could help explain why US military assistance to Egypt has remained at $1.3 billion a year, while its civilian economic assistance has steadily shrunk, from $815 million a decade ago to $250 million requested for 2011. The decline began in 1998, when Israel arranged for a reduction in economic support and an increase military aid. As Israeli’s economic aid shrunk, so too did Egypt’s.
Note: Israel receives about $3 billion a year from the US, yet the population of the country is 8 million. If you do the math, the US is providing the equivalent of nearly $4,000 in aid per year to every man, woman and child in Israel, with $3,000 of that to buy US military hardware. For lots more reliable information on how the military/industrial complex manipulates world politics to support the war machine, click here and here.
Zero-percent financing deals sound tempting when you are making a big purchase. But they can have costly consequences. Justin Miller financed a new Tempur-Pedic bed through Citibank. Miller said the deal was a credit plan offering 12 months interest free. Even though he had the cash, he decided to finance $5,600. But after Miller made the last payment, he received a bill from Citibank for $1,332.70. A year’s worth of interest Citibank calculated at 25 percent. “I thought this is crazy, either this is some kind of joke or some kind of scam,” Miller said. But according to the statement, the plan expired December 2nd. Miller’s payment was due four days later, after the interest free deal expired on December 6th. “The statement due date was different from what they call the plan due date,” Miller said. In fact Miller believes the due date was intentional to fool customers into making their last payment after the interest rate expires. Jose Quinonez with Mission Asset Fund said it’s a common practice. Quinonez adds banks rarely go out of their way to tell customers about expiration dates on interest-free deals. “My recommendation to people is to make sure to pay off the whole balance completely in full by the 11th month, not wait till the 12th month to pay it off,” he said. Citibank refused to discuss the specifics of Miller’s case, but it told CBS 5 ConsumerWatch the terms of the deal are clearly explained in the seven page contract.
Months after four Houston police officers were indicted following the violent videotaped arrest of a teenage suspect ... 13 Undercover's Wayne Dolcefino obtained it exclusively. The reaction was overwhelming. The images were clear and graphic -- Houston police kicking, punching, and stomping teenage burglary suspect Chad Holley who had run, but was now clearly trying to surrender. The video showed the most physical cop that March day appeared to be Raad Hassan. His termination letter listed 15 kicks. There were a lot of them, and there was one kick after Holley was clearly handcuffed. The video created another firestorm ... after the mayor declared [that] the person who gave us the video should be prosecuted. The mayor said Channel 13 was "irresponsible" for showing you a controversial police arrest that happened ten months ago. Twelve officers were disciplined in the wake of the Holley case, but many have been given their jobs back against the city's will.
Note: Click on the above link if you want to see this shocking video showing how brutal some police can be.
Of the 500 big companies in the well-known Standard & Poor’s stock index, 115 paid a total corporate tax rate — both federal and otherwise — of less than 20 percent over the last five years, according to an analysis of company reports done for The New York Times by Capital IQ, a research firm. Thirty-nine of those companies paid a rate less than 10 percent. Arguably, the United States now has a corporate tax code that’s the worst of all worlds. The official rate is higher than in almost any other country, which forces companies to devote enormous time and effort to finding loopholes. Yet the government raises less money in corporate taxes than it once did, because of all the loopholes that have been added in recent decades. Over the last five years ... Boeing paid a total tax rate of just 4.5 percent. Southwest Airlines paid 6.3 percent. And the list goes on: Yahoo paid 7 percent; Prudential Financial, 7.6 percent; General Electric, 14.3 percent. Economists have long pleaded for an overhaul of the corporate tax code. But it won’t be easy. Companies that use loopholes to avoid taxes don’t mind the current system, of course, and they have more than a few lobbyists at their disposal.
Note: For a treasure trove of reliable reports on corporate corruption, click here.
When it comes to paychecks, Wall Street's law of gravity is back in full force: What goes down must come back up. In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009. At 25 large financial firms that have reported full-year results, revenue rose to $417 billion, another all-time high. "Things are shifting back to where they were before," said J. Robert Brown, a law professor at the University of Denver who studies compensation and corporate-governance issues. Buried in the numbers, though, are signs of how Wall Street's pay culture is bending in response to pressure from regulators and shareholders. Last year, deferred compensation made up as much as half of total pay, up from about a third previously, estimates Alan Johnson, managing director of Johnson Associates Inc., a New York pay consultant. Banks and securities firms are deferring a larger percentage of compensation than they used to, trying to counter criticism that yearly cash bonuses encourage unwise risk-taking by executives, traders and other employees aiming for a big payday.
Note: For the NY State Comptroller's analysis of Wall Street bonuses in 2010, click here and here.
The noise never really ends; peace is at a premium in Alabama's toughest lockup. Despite a history of violence at the William E. Donaldson Correctional Facility ... the prison outside Birmingham [Alabama] has become the model for a meditation program that officials say helps inmates learn the self control and social skills they never got in the outside world. Warden Gary Hetzel doesn't fully understand how the program called Vipassana ... can transform violent inmates into calm men using contemplative Buddhist practices. But Hetzel knows one thing. "It works. We see a difference in the men and in the prison. It's calmer," he said of the course that about 10 percent of the prison's inmates have completed. The word Vipassana means "to see things as they really are," which is also the goal of the intense 10-day program using the meditative technique that dates back 2,500 years. Vipassana courses are held four times a year in a prison gymnasium, where as many as 40 inmates meditate 10 hours a day. Convicted murderer Grady Bankhead said the hours of meditation forced him to accept responsibility for his crime and helped him find inner peace. Bankhead, who's serving life without parole, radiates calm. "I've been here for 25 years and this statement is going to sound crazy, but I consider myself the luckiest man in the world," Bankhead, 60, said last month after the latest course at Donaldson.
The videos show a bright object slowly descending over the Dome of the Rock, an Islamic shrine on the Temple Mount in Jerusalem. In one video shot from Tzofim Mountain overlooking the ancient city, the circular UFO appears to hover over the shrine. A second video taken from a different spot shows a white light descending slowly above Jerusalem, hang in the air directly above the 2,500 year old holy site, and then shoot up into the sky with a gigantic flash. The event reportedly occurred in Jerusalem at 1am on Friday morning and has provoked an online debate as to whether the footage is real. The site on which the Muslim Dome of the Rock stands also marks where the ancient Temple of Solomon stood from 516BC until it was destroyed by the Romans during an uprising in 70BC. Muslims believe it to also be the spot from which the prophet Mohammed ascended to Heaven accompanied by the archangel Gabriel where he prayed with Jesus, Abraham and Moses before returning back to Jerusalem.
Note: This highly unusual phenomenon was videotaped by several witnesses from different angles. For the best we've seen, click here. For a compilation of several videos from differing angles and attempts to debunk this event, click here. For a Fox News report on this, click here. For the ABC News clip, click here.
One of the most financially successful cancer drugs in the world appears to cause more fatal side effects than previously realized, a new study says. Avastin, a blockbuster drug with more than $5.5 billion in global sales, increases the rate of fatal side effects by almost 50% when added to traditional chemotherapy, compared with chemo alone. About 2.5% of cancer patients who combine Avastin and chemo die from their treatment — rather than their disease, according to an analysis of 10,217 patients in today's Journal of the American Medical Association. In comparison, 1.7% of cancer patients who received only conventional chemo died as a result of therapy. The most common causes of death were hemorrhages, the loss of infection-fighting white blood cells, and perforations in the stomach or intestines, says Shenhong Wu of Stony Brook University School of Medicine, co-author of the analysis of 10,217 patients.
Note: Sadly, most studies that reveal such results are suppressed by the pharmaceutical industry.
CAIRO — People here are not afraid anymore — and it just may be that a woman helped break that barrier of fear. Asmaa Mahfouz was celebrating her 26th birthday on Tuesday among tens of thousands of Egyptians as they took to the streets, parting with old fears in a bid to end President Hosni Mubarak’s three decades of authoritarian, single-party rule. “As long as you say there is no hope, then there will be no hope, but if you go down and take a stance, then there will be hope.” That was what Ms. Mahfouz had to say in a video she posted online more than two weeks ago. She spoke straight to the camera and held a sign saying she would go out and protest to try to bring down Mr. Mubarak’s regime. It was a woman who dared put a face to the message, unfazed by the possibility of arrest for her defiance. “Do not be afraid,” she said. To her surprise, dozens of other people picked up on the spirit of her message and started to post their own pictures, holding similar signs to their chests that declared their intent to take to the streets. Ms. Mahfouz is one of the founders of the April 6 Youth Movement, a group of young, Internet-savvy activists who have been credited with a leading role in organizing the mass protests. She uses Facebook and Twitter as convenient methods for organizing and disseminating messages but finds that talking to people face to face is the best way to motivate them. Although it is still overwhelmingly men demonstrating, there is a new quality to the way Egyptians walk the streets now. “Everyone used to say there is no hope, that no one will turn up on the street, that the people are passive,” Ms. Mahfouz said. “But the barrier of fear was broken!”
Note: Watch this video and learn how without this one woman, Mubarak might still be in power. One person can make a huge difference. For powerful and inspiring information on the military/industrial complex and what we can do to make a difference, click here.
As dark UFO videos go, this clip showing flashing lights over Jerusalem is certainly a puzzler. A bright speck seems to descend toward the skyline, around the location of the Dome of the Rock (also known as the Temple Mount). A minute into the clip, there's a bright flash, then the speck shoots up from the skyline. This version of the Jan. 28 clip shows two side-by-side videos, captured by observers who were virtually side-by-side as well. "Have fun debunking this one," the YouTube user who posted the video writes. Here's another version, which sounds as if it was shot by a group of tourists. "We've seen 'em in Mississippi like this," one observer can be heard saying.
Note: This highly unusual phenomenon was videotaped by several witnesses from different angles. For the best we've seen, click here. For a compilation of several videos from differing angles and attempts to debunk this event, click here. For a Fox News report on this, click here. For the ABC News clip, click here.
"We certainly applaud the efforts of the commission," said White House press secretary Robert Gibbs, referring to the Financial Crisis Inquiry Report. "Frankly, I'm not sure much has changed," said one of commissioners, Byron Georgiou. "The concentration of assets in the nation's 10 biggest banks is bigger now than it was five years ago, from 58 percent in 2006 to 63 percent now." Referring to executives who remain at the head of those banks that almost ran aground, Georgiou said ... "Either they knew and didn't want to tell us, or they really didn't know. Either way, they put their institutions at risk." And have yet to be held accountable. Commissioner Brooksley Born can enjoy a certain sense of vindication. Not only had "over-the-counter derivatives contributed significantly to this crisis," ... but the enactment of legislation in 2000 to ban their regulation "was a key turning point in the march toward the financial crisis." As head of the Commodity Futures Trading Commission in the 1990s, Born was aware of the damage the largely unregulated instruments had already caused. Born suggested some more regulation. [She] was squashed like a bug by Clinton administration heavyweights, including Lawrence Summers and Robert Rubin, [and] Federal Reserve Chairman Alan Greenspan. One of the results: The Commodity Futures Modernization Act of 2000 eliminated government oversight of the OTC market. As the report documents, the use of such derivatives ... helped bring the entire financial system to its knees. Born hasn't seen much change in terms of accountability. One thing the report makes clear ... is just how preposterous were the "Who knew?" and "Who could have predicted?" statements offered up by chief executives and top government officials.
Note: So the 10 biggest banks now control 63% of total U.S. bank assets. The total for these banking assets as of the second quarter of 2010 were calculated at $13.22 trillion. Yet four of these megabanks also control an astounding 95% of the $574 trillion derivatives market, a sum over 40 times the amount of bank assets! Do you think there might be a problem with a derivatives bubble?
How might you compensate management for a year in which profits plunged, you spent $550 million of shareholder money to settle a fraud investigation and your stock ended up more or less exactly where it started? You might be tempted to nix raises or withhold bonuses to send a responsible message about linking pay to performance. But if so, you wouldn't be Goldman Sachs. It just had the year described above – and responded by tripling everyone's base salary while boosting bonuses by 40%. Is this a great country or what? Goldman said in a filing [on January 28] that CEO Lloyd Blankfein will make $2 million this year, and his top lieutenants will each make $1.85 million. Top Goldman brass had been making $600,000 annually in salary since the firm's 1999 initial public offering. All 470 of Goldman's partners will get higher salaries. The top five officers will also get $12.6 million each in bonuses. That's up from $9 million each last year. That may seem like a high price to pay for a pretty lousy year – and one that ended with a Fed-inspired reminder that Goldman, just in case anyone forgot, took billions upon billions of dollars in bailout loans in 2008 and 2009.
Note: For key articles from reliable sources detailing the outrageous compensation awarded to the highest officers of Wall Street financial corporations after they were bailed out by the government, click here.
The FBI disclosed to a presidential board that it was involved in nearly 800 violations of laws, regulations or policies governing national security investigations from 2001 to 2008, but the government won't provide details or say whether anyone was disciplined, according to a report by a privacy watchdog group. The San Francisco-based Electronic Frontier Foundation sued under the Freedom of Information Act to obtain about 2,500 documents that the FBI submitted to the President's Intelligence Oversight Board. Most of the records were so heavily censored that they couldn't be properly evaluated. Nevertheless, the documents "constitute the most complete picture of post-9/11 FBI intelligence abuses available to the public," says the report. "The documents suggest," the report says, "that FBI intelligence investigations have compromised the civil liberties of American citizens far more frequently, and to a greater extent, than was previously assumed." The records obtained by the foundation go beyond national security letters. About a third of the reports of violations involved rules governing internal oversight of intelligence investigations, and about a fifth involved potential violations of the Constitution, the Foreign Intelligence Surveillance Act or other laws governing criminal investigations or intelligence-gathering activities, the report says.
Note: For lots more from major media sources on government attacks on civil liberties, click here.
The United States continues to spend hundreds of millions of dollars on "good governance" initiatives [in Afghanistan]. This $760 million program, to strengthen government agencies, was America's single largest nonmilitary expense in Afghanistan over the past year. All of it was money thrown away. Last year, the U.S. Agency for International Development began promoting what it calls "Afghanization of aid." Well, in Afghanistan, government leaders have only one use for foreign aid. They stuff the cash into suitcases and fly it to secret bank accounts in Dubai. Afghanistan remains the world's largest grower of opium poppies. It supplies 90 percent of the world's heroin. Many thousands of its citizens are addicts. Earlier this month, the United Nations put out its annual "Afghanistan Opium Survey" and found that, even after the United States has spent more than $2 billion on drug enforcement there, "the total area under cultivation" during 2010 "and the number of families growing opium poppy, remained the same as in 2009" - but for one thing. The U.N. found "an alarming increase of 97 percent" in opium-poppy cultivation among northeastern provinces that are not traditional poppy-growing areas.
Note: For shocking stories by two award-winning journalists suggesting direct involvement by government agencies in the drug trade, click here. And for key reports from reliable sources on government corruption, click here.
About a half-hour past midnight [on January 28] in Egypt, the Internet went dead. Almost simultaneously, the handful of companies that pipe the Internet into and out of Egypt went dark as protesters were gearing up for a fresh round of demonstrations calling for the end of President Hosni Mubarak's nearly 30-year rule, experts said. Egypt has apparently done what many technologists thought was unthinkable for any country with a major Internet economy: It unplugged itself entirely from the Internet to try and silence dissent. Experts say it's unlikely that what's happened in Egypt could happen in the United States because the U.S. has numerous Internet providers and ways of connecting to the Internet. Coordinating a simultaneous shutdown would be a massive undertaking. But the idea of a single "kill switch" to turn the Internet on and off has seduced some American lawmakers, who have pushed for the power to shutter the Internet in a national emergency. The Internet blackout in Egypt shows that a country with strong control over its Internet providers apparently can force all of them to pull their plugs at once. It also sets a precedent for other countries grappling with paralyzing political protests — though censoring the Internet and tampering with traffic to quash protests is nothing new.
Note: For information on how a Israeli company bought out by Boeing facilitated the shutdown of the Internet in Egypt, click here. And to learn about a bill being proposed which would give the US president power over an Internet "kill switch," 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.