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.
The newly created independent political groups known as super PACs, which raised and spent millions of dollars on last month's elections, drew much of their funding from private-equity partners and others in the financial industry, according to new financial disclosure reports. The 72 super PACs, all formed this year, together spent $83.7 million on the election. The figures provide the best indication yet of the impact of recent Supreme Court decisions that opened the door for wealthy individuals and corporations to give unlimited contributions. The financial disclosure reports also underscore the extent to which the flow of corporate money will be tied to political goals. Private-equity partners and hedge fund managers, for example, have a substantial stake in several issues before Congress, primarily the taxes they pay on their earnings. "Super PACs provide a means for the super wealthy to have even more influence and an even greater voice in the political process," said Meredith McGehee, a lobbyist for the Campaign Legal Center, which advocates for tighter regulation of money in politics.
Note: For key reports on growing threats to the US electoral process, click here.
New disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to ... foreign-owned banks in 2008 and 2009. The central bank's aid programs also supported U.S. subsidiaries of banks based in East Asia, Europe and Canada. The biggest users of the Fed lending programs were some of the world's largest banks, including Citigroup, Bank of America, Goldman Sachs, Swiss-based UBS and Britain's Barclays, according to more than 21,000 loan records released [December 1] under new financial regulatory legislation. The data reveal banks turning to the Fed for help almost daily in the fall of 2008 as the central bank lowered lending standards and extended relief to all kinds of institutions it had never assisted before. The extent of the lending to major banks - and the generous terms of some of those deals - heighten the political peril for a central bank that is already under the gun for a wide range of actions, including a recent decision to try to stimulate the economy by buying $600 billion in U.S. bonds. "The American people are finally learning the incredible and jaw-dropping details of the Fed's multitrillion-dollar bailout of Wall Street and corporate America," said Sen. Bernard Sanders (I-Vt.), a longtime Fed critic whose provision in the Wall Street regulatory overhaul required the new disclosures. "Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations." The Fed launched emergency programs totaling $3.3 trillion in aid, a figure reached by adding up the peak amount of lending in each program.
Note: The figure of $3.3 trillion cited in this article was simply the peak amount lent at one moment in time; the total amount lent by the Fed over the years covered by the data exceeded $20 trillion. For analysis of this data release, click here.
WikiLeaks' publication starting Nov. 28 of more than 250,000 diplomatic cables was the largest unauthorized release of contemporary classified information in history. It contained 11,000 documents marked secret. The WikiLeaks revelations could change history. The number of documents and other communications [classified as secret] has skyrocketed nearly 10 times, from 5,685,462 in 1996 to 54,651,765 in 2009. Governments are calling more things secret when they are really not. The number of people with access to that Everest of information has grown too. In its deep investigation of American secrecy earlier this year, the Washington Post found that some 854,000 people inside and out of government had top-secret clearance, the highest classification. [Julian Assange] has launched a crusade predicated on the idea that nearly all information should be free and that confidentiality in government affairs is an affront to the governed. In the process, he has published everything from a video of U.S. troops killing civilians in Iraq to the documents behind the so-called Climategate scandal. "When trusted insiders no longer have faith in the judgment of government regarding secrets, then they start to substitute their own judgment," says William J. Bosanko, head of the Information Security Oversight Office. "The world is moving irreversibly in the direction of openness, and those who learn to operate with fewer secrets will ultimately have the advantage over those who futilely cling to a past in which millions of secrets can be protected," says a former intelligence-community official.
Note: For an abundance of major media articles showing the problems with excessive secrecy, click here.
A scandal involving foreign contractors ... who took drugs and paid for young "dancing boys" to entertain them in northern Afghanistan caused such panic that the interior minister begged the US embassy to try and "quash" the story, according to one of the US embassy cables released by WikiLeaks. In a meeting with the assistant US ambassador, a panicked Hanif Atmar, the interior minister at the time of the episode last June, warned that the story would "endanger lives" and was particularly concerned that a video of the incident might be made public. The episode helped to fuel Afghan demands that contractors and private security companies be brought under much tighter government control. However, the US embassy was legally incapable of honouring a request by Atmar that the US military should assume authority over training centres managed by DynCorp, the US company whose employees were involved in the incident in the northern province of Kunduz. There is a long tradition of young boys dressing up as girls and dancing for men in Afghanistan, an activity that sometimes crosses the line into child abuse with Afghans keeping boys as possessions. Although rarely discussed or criticised in Afghanistan, it is conceivable that the involvement of foreigners could have turned into a major public scandal.
Note: For powerful evidence that this kind of abuse is much more widespread than expected, click here. To understand how this relates to secret societies and deep hidden knowledge of our world, click here.
As a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed. It is unfortunate that it took this long, and it is a shame that the biggest banks in America and Mr. Bernanke fought to keep this secret from the American public every step of the way. But, the details on this bailout are now on the Federal Reserve's website. This is a major victory for the American taxpayer and for transparency in government. After years of stonewalling by the Fed, the American people are finally learning the incredible and jaw-dropping details of the Fed's multi-trillion-dollar bailout of Wall Street and corporate America. What have we learned so far from the disclosure of more than 21,000 transactions? We have learned that the $700 billion Wall Street bailout signed into law by President George W. Bush turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country.
Note: The author is Senator Bernie Sanders (I-VT). For key reports from reliable sources on the massive federal bailout of the biggest banks and financial firms, click here.
A new study says the level of armed conflict in Muslim countries is far lower than two decades ago, with support for ... radical Islamist groups waning as locals reject extremism and the killing of other Muslims. The report, released ... by the Canadian Human Security Research Project ... maintains the decrease occurred even though four of the world's five deadliest recent conflicts raged in predominantly Muslim Afghanistan, Pakistan, Iraq, and Somalia. Report director Andrew Mack says armed conflict in Muslim nations has waned partly because Cold War proxy battles such as the Afghanistan-Soviet Union conflict have ended and independence wars have been resolved.
December 21, 2012 - disaster will strike the planet. The world, as we know it, will end. That is what many people, ... web sites and international doomsday entrepreneurs predict. Written, produced and directed by award-winning documentarian Cynthia Banks, "Apocalypse 2012" presents the leaders, chroniclers, debunkers and the businessmen of this wide-spread certainty of a global cataclysm. "Apocalypse 2012" follows people trying to protect themselves and others from what they believe is coming. Sure we’ve seen a lot of this before. But what’s different and fascinating about all these predictions is that doomsday fear is moving into the mainstream culture at a remarkable scary pace. Apocalypse 2012 examines why this particular doomsday has become so significant. The ancient Mayan Long Count Calendar is the source of the doomsday prophecy but [according] to psychologists, archaeologists and scientists, the idea of an apocalypse reflects and magnifies the turmoil and distress of our uncertain times.
Note: For a three-minute promo clip of this CBC documentary, click here. For the full 45-minute film, click here. Remember that people have been predicting the imminent end of the world for thousands of years.
Mr. SANDERS. Mr. President, there is a war going on in this country, and I am not referring to the wars in Iraq or Afghanistan. I am talking about a war being waged by some of the wealthiest and most powerful people in this country against the working families of the United States of America, against the disappearing and shrinking middle class of our country. The reality is, many of the Nation's billionaires are on the warpath. They want more, more, more. Their greed has no end, and apparently there is very little concern for our country or for the people of this country if it gets in the way of the accumulation of more and more wealth and more and more power. The percentage of income going to the top 1 percent has nearly tripled since the 1970s. In the mid-1970s, the top 1 percent earned about 8 percent of all income. In the 1980s, that figure jumped to 14 percent. In the late 1990s, that 1 percent earned about 19 percent. And today, as the middle class collapses, the top 1 percent earns 23 1/2 percent of all income--more than the bottom 50 percent. Today, if you can believe it, the top one-tenth of 1 percent earns about 12 cents of every dollar earned in America.
Note: To see a video of this amazing speech by courageous Senator Bernie Sanders (Independent), click here.
The latest one snared Osman Mohamud, a Somali-American teenager in Portland, Oregon. The Associated Press report by William Mall and Nedra Pickler (11-27-10) ... makes it clear that it was a plot orchestrated by federal agents. Two sentences into the news report we have this: "The bomb was an elaborate fake supplied by the [FBI] agents and the public was never in danger, authorities said." The teenager was supplied with a fake bomb and a fake detonator. Documents released by US Attorney Dwight Holton "show the sting operation began in June." Obviously, the targeted Portland teenager was not hot to trot. The FBI had to work on him for six months. The reporters compare "the Portland sting" to the recent arrest in Virginia of Faroque Ahmed who was ensnared in a "bombing plot that was a ruse conducted over the past six months by federal officials." Think about this. The FBI did a year's work in order to convince two people to participate in fake plots. When the US government has to go to such lengths to create "terrorists" out of hapless people, an undeclared agenda is being served. What could this agenda be? The answer is many agendas. One agenda is to justify wars of aggression that are war crimes under the Nuremberg standard created by the US government itself. Another agenda is to create a police state. A police state can control people who object to their impoverishment for the benefit of the superrich much more easily than can a democracy endowed with constitutional civil liberties. Another agenda is to get rich. Terror plots, whether real or orchestrated, have created a market for security.
Note: Though the source of this article is not considered major media, the writer, Paul Craig Roberts, served as an Assistant Secretary of the Treasury in the Reagan administration, earning fame as a co-founder of Reaganomics. He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps-Howard News Service. Roberts has been a critic of both Democratic and Republican administrations.
Early next year, Julian Assange says, a major American bank will suddenly find itself turned inside out. Tens of thousands of its internal documents will be exposed on Wikileaks.org. The data dump will lay bare the finance firm’s secrets on the Web for every customer, every competitor, every regulator to examine and pass judgment on. When? Which bank? What documents? Cagey as always, Assange won’t say. He compares what he is ready to unleash to the damning e-mails that poured out of the Enron trial: a comprehensive vivisection of corporate bad behavior. “You could call it the ecosystem of corruption,” he says, refusing to characterize the coming release in more detail. Does Assange have unpublished, damaging documents on pharmaceutical companies? Yes, he says. Finance? Yes, many more than the single bank scandal we’ve been discussing. Energy? Plenty, on everything from BP to an Albanian oil firm that he says attempted to sabotage its competitors’ wells. Like informational IEDs, these damaging revelations can be detonated at will. Long gone are the days when Daniel Ellsberg had to photocopy thousands of Vietnam War documents to leak the Pentagon Papers. Modern whistleblowers ... can zip up their troves of incriminating documents on a laptop, USB stick or portable hard drive, spirit them out through personal e-mail accounts or online drop sites—or simply submit them directly to WikiLeaks.
Note: For lots more from reliable sources on government and corporate secrecy, click here.
Scientists claim to be a step closer to reversing the ageing process after rejuvenating worn out organs in elderly mice. The experimental treatment developed by researchers at the Dana-Farber Cancer Institute, Harvard Medical School, turned weak and feeble old mice into healthy animals by regenerating their aged bodies. The surprise recovery of the animals has raised hopes among scientists that it may be possible to achieve a similar feat in humans – or at least to slow down the ageing process. "What we saw in these animals was not a slowing down or stabilisation of the ageing process. We saw a dramatic reversal – and that was unexpected," said Ronald DePinho, who led the study, which was published in the journal Nature. The Harvard group focused on a process called telomere shortening. Most cells in the body contain 23 pairs of chromosomes, which carry our DNA. At the ends of each chromosome is a protective cap called a telomere. Each time a cell divides, the telomeres are snipped shorter, until eventually they stop working and the cell dies or goes into a suspended state called "senescence". The process is behind much of the wear and tear associated with ageing. At Harvard, they bred genetically manipulated mice that lacked an enzyme called telomerase that stops telomeres getting shorter. When DePinho gave the mice injections to reactivate the enzyme, it repaired the damaged tissues and reversed the signs of ageing.
Note: For key reports from reliable sources on important health issues, click here.
U.S. State Department documents released by whistle-blowing website WikiLeaks provided candid views of foreign leaders and sensitive information on terrorism and nuclear proliferation, The New York Times reported on [November 28]. The documents show Saudi donors remain chief financiers of militant groups like al Qaeda and that Chinese government operatives have waged a coordinated campaign of computer sabotage targeting the United States and its allies, according to a review of the WikiLeaks documents published in the Times.
Note: Why did so few major media mention this key fact about Saudi financing of Al Qaeda?
The Obama administration has doled out about $2 billion in stimulus money to some of the nation's biggest polluters while granting them exemptions from a basic form of environmental oversight, a Center for Public Integrity investigation has found. The administration has awarded more than 179,000 "categorical exclusions" to stimulus projects funded by federal agencies, freeing the projects from review under the National Environmental Policy Act, or NEPA. Officials said they did not consider companies' pollution records in deciding whether to grant the waivers. The projects include: - An electrical-grid upgrade project in Kansas led by Westar Energy, the state's largest coal-burning utility, which settled a major air pollution case by paying half a billion dollars in penalties and remediation costs. - A project to create clean-burning biofuel from seaweed led by chemical giant DuPont, which received $8.9 million in stimulus funds in February. In all, about three dozen of the country's biggest polluters with past environmental problems won NEPA exemptions for the stimulus grants totaling $2 billion from the Energy Department - about 6 percent of the department's total money awarded so far.
Note: For lots more from reliable sources on government corruption, click here.
The class war that no one wants to talk about continues unabated. Even as millions of out-of-work and otherwise struggling Americans are tightening their belts for the holidays, the nation’s elite are lacing up their dancing shoes and partying like royalty as the millions and billions keep rolling in. Recessions are for the little people, not for the corporate chiefs and the titans of Wall Street who are at the heart of the American aristocracy. They have waged economic warfare against everybody else and are winning big time. The ranks of the poor may be swelling and families forced out of their foreclosed homes may be enduring a nightmarish holiday season, but American companies have just experienced their most profitable quarter ever. The corporate fat cats are becoming alarmingly rotund. Their profits have surged over the past seven quarters at a pace that is among the fastest ever seen, and they can barely contain their glee. On the same day that The Times ran its article about [record corporate] profits, it ran a piece on the front page that carried the headline: “With a Swagger, Wallets Out, Wall Street Dares to Celebrate.” Anyone who thinks there is something beneficial in this vast disconnect between the fortunes of the American elite and those of the struggling masses is just silly. It’s not even good for the elite. The rich may think that the public won’t ever turn against them. But to hold that belief, you have to ignore the turbulent history of the 1930s.
Note: For many reports from reliable souces on corporate profiteering, click here.
In 1961, a top CIA scientist reported in an internal memo that "the feasibility of remote control of activities in several species of animals has been demonstrated ... Special investigations and evaluations will be conducted toward the application of selected elements of these techniques to man," according to The Search for the "Manchurian Candidate: The CIA and Mind Control, a 1979 book by former State Department intelligence officer John Marks. “[T]his cold-blooded project,” Marks wrote, “was designed ... for the delivery of chemical and biological agents or for ‘executive action-type operations,’ according to a document. ‘Executive action’ was the CIA's euphemism for assassination.” Victims have sought justice for years, in vain. Now, almost 40 years later, a federal magistrate has ordered the CIA to produce records and witnesses about the LSD and other experiments “allegedly conducted on thousands of soldiers from 1950 through 1975.” U.S. Magistrate Judge John Larsen’s Nov. 17 order exempted the agency from having to testify about electrode tests on humans, but Gordon P. Erspamer, lead attorney for the veterans, says “we are pursuing this as well.” Papers filed in the case describe “electrical devices implanted in brain tissue with electrodes in various regions, including the hippocampus, the hypothalamus, the frontal lobe (via the septum), the cortex and various other places,” Erspamer said.
Note: For a revealing summary of CIA mind-control experimentation, click here.
The nation’s workers may be struggling, but American companies just had their best quarter ever. American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report. That is the highest figure recorded since the government began keeping track over 60 years ago. The next-highest annual corporate profits level on record was in the third quarter of 2006, when they were $1.655 trillion. Corporate profits have been doing extremely well for a while. Since their cyclical low in the fourth quarter of 2008, profits have grown for seven consecutive quarters, at some of the fastest rates in history. As a share of gross domestic product, corporate profits also have been increasing, and they now represent 11.2 percent of total output. That is the highest share since the fourth quarter of 2006, when they accounted for 11.7 percent of output.
Note: Long-term unemployment is at a record high, yet corporations are raking in record profits. With record profits, why aren't corporations hiring more new employees? For many reports from reliable souces on corporate profiteering, click here.
The Transportation Security Administration has come under fire for new body scanners and what some say are highly invasive pat-downs. Thomas Sawyer, a bladder cancer survivor, said he was humiliated after a pat-down broke his urostomy bag, leaving the 61-year-old covered in his own urine. Sawyer said he warned the TSA officials twice that the pat-down could break the seal. Cathy Bossi, a long-time flight attendant and breast cancer survivor, said the TSA made her take off her prosthetic breast. "She put her full hand on my breast and said, 'What is this?' I said 'It's a prosthesis because I've had a breast cancer,'" Bossi said. "And she said, 'You'll need to show me that.'" In recent days, several passengers have come forward to tell such shocking stories about their experiences with TSA officers. An ABC News employee said she was subject to a "demeaning" search at Newark Liberty International Airport Sunday morning. "The woman who checked me reached her hands inside my underwear and felt her way around," she said. "It was basically worse than going to the gynecologist. It was embarrassing. It was demeaning. It was inappropriate." The head of the Transportation Security Administration John Pistole ... has said the TSA would not change its pat-down procedures.
Note: For lots more from major media sources on increasing threats to privacy, click here.
The U.S. Senate yesterday approved spending $4.6 billion to settle two lawsuits: one by black farmers who alleged racial discrimination by government lenders and the other by 300,000 American Indians who said they had been cheated out of land royalties dating to 1887. Passage of the measure, by voice vote, unblocks a legislative logjam that has thwarted payouts, negotiated by the Obama administration, of $1.15 billion to the black farmers and $3.4 billion to the American Indians. The House ... must vote on the settlements again. At least seven times this year, Senate Republicans blocked efforts to include the spending provisions in pending legislation. The farmers’ 1997 class-action lawsuit alleged discrimination by the Agriculture Department’s lending programs. Under a negotiated settlement announced in February, qualified farmers can collect as much as $50,000, plus debt relief. Others may collect monetary damages up to $250,000. One of the largest class-action cases filed against the U.S., the 1996 lawsuit by American Indian plaintiffs accused the Interior Department of mismanaging trust funds that collected royalties for grazing rights and the extraction of minerals, oil and natural gas from tribal lands.
Note: For key reports from major media sources on government corruption, click here.
The Obama administration has quietly forged ahead with its proposal to sell $60 billion worth of fighter jets and attack helicopters to Saudi Arabia unhampered by Congress, despite questions raised in legislative inquiries and in an internal congressional report about the wisdom of the deal. The massive arms deal would be the single largest sale of weapons to a foreign nation in the history of the U.S., outfitting Saudi Arabia with a fully modernized, potent new air force. Critics are questioning the deal, and the stealthy effort by the Obama administration to avoid a more probing congressional review by notifying Congress last month, just as members were headed home for the November elections. Congress had 30 days to raise objections -- a review period that concludes Saturday. The arrangement would ship 84 F-15 fighter jets and more than 175 attack helicopters to the Saudis over the next 15 years. Morris J. Amitay, a former head of the Pro-Israel lobbying group AIPAC, told ABC News a chief aim of the sale is insuring that Saudi Arabia can serve as another regional military counterweight to Iran. In part for that reason, he said, Israel has not been raising significant objections to the deal, even though he suspects Israel will push hard to insure the aircraft are not equipped with weapons systems as advanced as those held by Israel's own military.
Note: For lots more from reliable sources on war and war preparations in the Middle East, click here.
Britain's health service makes it the only one of 11 leading industrialised nations where wealth does not determine access to care – providing the most widely accessible treatments at low cost among rich nations, a study has found. The survey, by US health thinktank the Commonwealth Fund, showed that while a third of American adults "went without recommended care, did not see a doctor when sick, or failed to fill prescriptions because of costs", this figure was only 6% in the UK and 5% in Holland. In all the countries surveyed except Britain, wealth was a significant factor in access to health, with patients earning less than the national average more likely to report trouble with medical bills and problems getting care because of cost. The survey, of 19,700 patients in 11 nations, found "substantial differences" among countries on access to care when sick, access after hours, and waiting times for specialised care. The NHS was also extremely cost-effective, with spending on health per person almost the lowest in the survey. A person in the UK paid $1,500 less than one in Switzerland and less than half the $7,538 paid by every American for healthcare. The report was particularly damning about the US, where it found patients "are far more likely than those in 10 other industrialised nations to go without healthcare because of costs".
Note: For highly informative reports from major media sources on health issues, 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.