News ArticlesExcerpts of Key News Articles in Major Media
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Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession. Billions of dollars in fines have been levied against major banks and brokerage firms in the wake of the economic meltdown that was in large part triggered by reckless lending and shady securities dealings that blew up a housing bubble. But in an interview with USA Today published Sunday, Bernanke said he thinks that in addition to the corporations, individuals should have been held more accountable. "It would have been my preference to have more investigations of individual actions because obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm," Bernanke said. Asked if someone should have gone to jail, the former Fed chairman replied, "Yeah, I think so." He did not, however, name any individual he thought should have been prosecuted and noted that the Federal Reserve is not a law-enforcement agency. Bernanke is promoting his new 600-page memoir, "The Courage to Act: A Memoir of a Crisis and Its Aftermath."
Note: For more along these lines, see concise summaries of deeply revealing news articles about the US government's massive bank bailout of the corrupt financial industry.
Sen. Elizabeth Warren, stepping up her crusade against the power of wealthy interests, accused a Brookings Institution scholar of writing a research paper to benefit his corporate patrons. Warren’s charge prompted a swift response, with Brookings seeking and receiving the resignation of the economist, Robert Litan, whose report criticized a Warren-backed consumer-protection rule targeting the financial services industry. Warren leveled her criticisms in letters sent Tuesday to Brookings leaders and the Obama administration, citing the $85,000 combined fee that Litan and a co-author received from [Capital Group, a leading mutual fund manager]. Warren called the report “highly compensated and editorially compromised work on behalf of an industry player seeking a specific conclusion.” Her complaint pointed to a relatively new form of influence peddling in the nation’s capital, with industry groups and even foreign governments paying think tanks and scholars for research papers that support lobbying goals. Brookings over the past decade has embarked on aggressive fundraising drives to pay for major expansions. Investigations last year by The Washington Post, the New York Times and others found that donors had gained the ability to influence Brookings’s events and research agenda.
Note: Read about how big money buys off institutions democracy depends on. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
Farmer Phub Zam, 55, is in a hurry. Monsoon rains have hit ... and Zam is rushing to harvest her broccoli. "Of all my vegetables, broccoli is the most sought after," she said. Each kilogram sells for ... 15 to 30 cents more than broccoli imported from neighboring India, because her produce is grown without the use of chemicals. After decades of subsistence farming, Zam went organic four years ago. Now she grows 21 crops on her 1.3-acre farm, [earning] three times more than she made before. Zam’s success is part of Bhutan’s plan to support sustainable farming as one key to build a thriving “green" economy. In 2011, the government launched the National Organic Program, which aims to make the country’s agriculture 100 percent organic by 2020. Zam’s switchover came when a team of officials from the agriculture ministry told her they were offering women farmers in her village free training in organic farming, including composting and selling the compost for a profit. After attending a three-day training course, Zam started her home compost heap. Today, she sells about 60 kilograms of compost - made of grass, leaves, cow dung and sawdust - every two months to tourist resorts and other buyers. Zam also uses the compost at her farm, including in the two greenhouses she bought and installed with an 80 percent subsidy from the government. In June, officials announced that the government had so far provided 176 greenhouses to farmers and planned to install 650 more.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
You often hear inequality has widened because globalization and technological change have made most people less competitive, while making the best educated more competitive. There’s some truth to this. The tasks most people used to do can now be done more cheaply by lower-paid workers abroad or by computer-driven machines. But this common explanation overlooks ... the increasing concentration of political power in a corporate and financial elite that has been able to influence the rules by which the economy runs. As I argue in my new book, Saving Capitalism: For the Many, Not the Few, this transformation has ... resulted in higher corporate profits, higher returns for shareholders and higher pay for top corporate executives and Wall Street bankers – and lower pay and higher prices for most other Americans. [These changes] amount to a giant pre-distribution upward to the rich. The underlying problem ... is that the market itself has become tilted ever more in the direction of moneyed interests that have exerted disproportionate influence over it, while average workers have steadily lost bargaining power. The most important political competition over the next decades will not be between the right and left, or between Republicans and Democrats. It will be between a majority of Americans who have been losing ground, and an economic elite that refuses to recognize or respond to its growing distress.
Note: This essay was written by former Secretary of Labor Robert Reich. For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.
Rich western countries and the world’s leading developing nations are spending up to $200bn (Ł130bn) a year subsidising fossil fuels, according to a report from the Organisation for Economic Cooperation and Development. The ... thinktank said its 34 members plus six of the biggest emerging economies – China, India, Brazil, Indonesia, Russia and South Africa – were spending money supporting the consumption and production of coal, oil and gas that should be used to tackle climate change. The OECD secretary general, Angel Gurría, [said] that governments were spending almost twice as much money subsidising fossil fuels as was needed to meet the climate-finance objectives set by the international community at climate change summits, which have set a target of mobilising $100bn a year by 2020. Although ... fossil fuel subsidies were on a downward trend since peaking in 2011-12, the thinktank said they remained high. “By distorting costs and prices, fossil-fuel subsidies create inefficiencies in the way we generate and use energy,” Gurría said. “But most importantly, fossil-fuel subsidies undermine efforts to make our economies less carbon-intensive while exacerbating the damage to human health caused by air pollution.”
Note: The International Monetary Fund recently estimated that fossil fuel companies globally receive $5.3 trillion in yearly subsidies. In the US, these subsidies are granted by politicians that receive significant campaign contributions from the fossil fuel industry.
Earlier this year, Mr Blenkiron relived the horror of his school days, telling an inquiry into child abuse about how ... his teacher physically and sexually abused him. "If there was no sexual abuse after the belting, then you knew you'd had a good day," the 53-year-old told a hearing of Australia's landmark Royal Commission into Institutional Responses to Child Sexual Abuse. The Royal Commission ... "has to uncover the horrors of the past, it has to help those who were affected to get the best possible ongoing support today, and it has to make sure all our children are safe in future," he says. That's a measure of the huge challenge facing the Royal Commission, set up in 2013. The signs are hopeful, with the Commission acting on a scale and scope that few expected, and with a sensitivity to those abused that the UK's fledgling Independent Inquiry into Child Sexual Abuse has indicated it may follow. Over the past two and a half years, six commissioners have held 32 public and 4,000 private hearings at sites across the country. It has documented abuse by teachers, priests, nuns, foster carers and fellow students. The Commission, which will report at the end of 2017, has exceeded expectations by highlighting abuse "from almost every area of society, every walk of life", and by showing that such abuse continues today, says Sydney University Law Professor Patrick Parkinson. "They've been very wise and shown beyond reasonable doubt the level of the problem in Australian society and the level of cover-up," he says.
Note: If you want to understand how pedophile rings have infiltrated the highest levels of government, don't miss the powerful Discovery Channel documentary on this available here. For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals from reliable major media sources.
Fourteen years later, thanks a heap, Osama bin Laden. With a small number of supporters, $400,000-$500,000, and 19 suicidal hijackers, most of them Saudis, you ... goaded us into doing what you had neither the resources nor the ability to do. George W. Bush and company used those murderous acts and the nearly 3,000 resulting deaths as an excuse to try to make the world theirs. It took them no time at all to decide to launch a “Global War on Terror” in up to 60 countries. Don’t you find it strange, looking back, just how quickly 9/11 set their brains aflame? Don’t you still find it eerie that, amid the wreckage of the Pentagon, the initial orders our secretary of defense gave his aides were to come up with plans for striking Iraq, even though he was already convinced that Al Qaeda had launched the attack? Washington’s post-9/11 policies in the Middle East helped lead to the establishment of the Islamic State’s “caliphate” in parts of fractured Iraq and Syria. The United States has gone into the business of robotic assassination big time, [and] Washington has regularly knocked off women and children while searching for militant leaders. Fourteen years later, don’t you find it improbable that our “war on terror” has so regularly devolved into a war of and for terror; that our methods ... have visibly promoted, not blunted, the spread of Islamic extremism; and that, despite this, Washington has generally not recalibrated its actions in any meaningful way? Fourteen years later, how improbable is that?
Note: A carefully researched report on the covert origins of ISIS suggests the creation of terrorists is useful for Washington's elite. For more along these lines, see concise summaries of deeply revealing terrorism news articles from reliable major media sources.
We are witnessing the end of an era. Coal is fast becoming the telegraph to renewable energy’s Internet. The fossil-fuel divestment movement, which began just three years ago, is having an impact. Institutional investors representing nearly $1 trillion of portfolio value, including Stanford University, the Rockefeller Foundation and the Norwegian Sovereign Wealth Fund, have committed to divest from coal. In California, legislation passed Wednesday that would require several of the state’s largest pension funds to divest from coal as well. Coal’s contribution to global warming has led Pope Francis, Prince Charles and the Dalai Lama to call for a transition to clean energy. While coal remains America’s largest source of electricity generation, over the past six years coal-fired generation has declined from 52 to 34 percent of our electricity portfolio. Renewable energy, which made up just 12 percent of California’s generation in 2008, now provides more than 25 percent of the state’s power. California is on track to reach Gov. Jerry Brown’s goal of 50 percent renewable energy by 2030. As a result of this progress, there are now more Californians working in the solar industry than working for the state’s utilities. The United States now has twice as many solar industry employees as coal miners. Exporting our know-how to the world, which needs to get off coal too, will be our next big business. Now is indeed the time to divest our pension funds from coal, cut the cord from this piece of our past and hasten our transition to a clean energy future.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A US government-appointed agricultural body tried to crush a Silicon Valley food startup after concluding the company represented a “major threat” and “crisis” for the $5.5bn-a-year egg industry, according to documents obtained by the Guardian. In potential conflict with rules that govern how it can spend its funds, the American Egg Board (AEB) lobbied for a concerted attack on Hampton Creek, a food company that has created a low-cost plant-based egg replacement and the maker of Just Mayo, a mayonnaise alternative. The AEB attempted to have Just Mayo blocked from Whole Foods, asking Anthony Zolezzi, a partner at private equity firm Pegasus Capital Advisors ... to use his influence with Whole Foods to drop the product. (Whole Foods still sells Just Mayo.) More than one member of the AEB made joking threats of violence against Hampton Creek’s founder, Josh Tetrick. “Can we pool our money and put a hit on him?” asked Mike Sencer, executive vice-president of AEB member organization Hidden Villa Ranch. The AEB represents egg farmers across the US and its board is selected by the secretary of agriculture. The Department of Agriculture (USDA) ... suggested [additional] ways to put pressure on Hampton Creek. In January 2014, Roger Glasshoff, then the USDA’s head of shell eggs, told [Outgoing AEB head Joanne] Ivy to contact the FDA about Just Mayo directly. Last month the FDA ruled that Just Mayo could not be called mayonnaise because it does not contain eggs.
Note: Read another news article about Hampton's inspiring success. The USDA allows foods with non-organic ingredients to be labelled "USDA organic". The FDA has no problem allowing cloned animals into the food supply. When government corruption is the standard, anything is possible. But not egg-free mayo.
Local police around the country are increasingly using high-tech mass surveillance gear that can vacuum up private information on entire neighborhoods. Many cops are ... purposefully hiding their spying from courts to avoid any scrutiny from judges. Two important news reports from the last week have shed light on the disturbing practices. The first investigation, done by USA Today’s Brad Heath, found: “In one case after another ... police in Baltimore and other cities used the phone tracker, commonly known as a stingray, to locate the perpetrators of routine street crimes and frequently concealed that fact from the suspects, their lawyers and even judges.” Stingrays are so controversial that some state legislatures have already passed laws restricting their use – which is exactly why police want to keep [their use] secret. The Wall Street Journal also reported last week about newer devices costing as little as a few hundred dollars [that] the police supposedly don’t think ... require a court order at all to use against potential suspects. These devices are handheld or can be attached to clothing. Not only are these cops violating the constitutional rights of defendants by spying on them without court orders, but, in some cases, they’re also allegedly dismissing felony cases involving potentially dangerous criminals, so they can prevent judges from ruling on whether their surveillance tactics are legal ... all to continue their blanket surveillance practices with minimal scrutiny.
Note: For more along these lines, see concise summaries of deeply revealing news articles about the erosion of privacy rights.
Ben Cohen and Jerry Greenfield founded their gourmet ice creamery in 1978 ... to make the world’s best ice cream, to run a financially successful company and to “make the world a better place.” When Unilever, the Anglo-Dutch consumer goods conglomerate, offered to buy the company in 2000 for a rich 25 percent premium ... they worried that Unilever would abandon the progressive aspects of the business. But as a public corporation, Ben & Jerry’s had a fiduciary duty to its shareholders. It agreed to a deal. Very quickly, some of their worst fears were realized. A production plant and a distribution center were shuttered. Sales representatives at headquarters were fired. But today ... Ben & Jerry’s [remains] as mission-driven as ever. The recipe for this amicable partnership was written into the acquisition agreement. Unilever established an “external board” charged with overseeing Ben & Jerry’s culture and social mission [that] does not report to any authority other than itself, nominates its own members, has the right to sue Unilever and will exist in perpetuity. Even with the external board in place, a question remained: How many of Ben & Jerry’s ambitious initiatives could a multinational like Unilever reasonably be expected to support? The answer, it turned out, was most of them. The company now offers its lowest-paid workers more than twice the national minimum wage. It uses only cage-free eggs. And recently, Ben & Jerry’s became a B Corporation, [to certify its] high social and environmental standards.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Green rooftops will soon be sprouting up across France, thanks to a new law passed in March. New buildings in the country’s commercial zones - think shops, offices, and restaurants - must now have either solar panels or green roofs, meaning a growing medium such as soil and a covering of vegetation. The new rooftop vegetation will provide habitat for birds, absorb airborne pollutants, [retain] rainwater, and reduce the urban heat island effect whereby high concentrations of concrete buildings and asphalt increase air temperature. Green roofs could even improve worker productivity, with a recent study by the University of Melbourne finding that participants who took a 40-second break to look at a green roof were more focused and accurate when they got back to work compared to those who viewed a concrete roof. Similar green-roof bylaws exist in various cities around the world, including Tokyo, Toronto, Copenhagen, and Zurich. In Toronto ... all commercial and large residential buildings built since 2009 have been required to have at least 20 percent green-roof coverage. In Copenhagen and Zurich all new flat roofs, both private and public, must be vegetated. And since 2001, all new buildings in Tokyo larger than about 11,000 square feet are required to have at least 20 percent usable green-roof space. However, France is the first to introduce such legislation country-wide. The new law means that France’s urban and industrial skylines might look more like New York City’s booming rooftop farms and less like a concrete jungle.
Note: Don't miss the inspiring photos of innovative green roofs at the link above. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Leonard Campanello ... posts frequent “Gloucester Police Chief Updates” to the police department’s Facebook page. “Since January of this year, we have responded to dozens of opiate-related overdoses and, unfortunately, the City has seen 4 deaths in this time that are heroin related,” he wrote [on March 6], adding: “4 deaths is 4 too many.” He continued: “If you are a user of opiates or heroin, let us help you. We know you do not want this addiction. We have resources here in the City that can and will make a difference in your life. Do not become a statistic.” The post collected 1,226 “likes” and more page views than there were people in the city. The community, he said, was hungry for different ideas. “The war on drugs is over,” Campanello said in an interview. “And we lost. There is no way we can arrest our way out of this. We’ve been trying that for 50 years. The only thing that has happened is heroin has become cheaper and more people are dying.” He now wanted to turn Gloucester’s police station into an oasis of amnesty in the drug addict’s perilous world. No heroin addict who entered the police seeking help — unless they had outstanding warrants — would face charges or arrest. Even if they toted their drugs and paraphernalia. Instead, they would get help. In another Facebook post in early May, he laid it out. Things then happened fast. The force opened a non-profit called the Police Assisted Addiction and Recovery Initiative. So far, Campanello said, 109 addicts have sought help at the police station.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A police officer in Alabama proposed murdering a black resident and creating bogus evidence to suggest the killing was in self-defence, the Guardian has learned. Officer Troy Middlebrooks kept his job and continues to patrol Alexander City after authorities there paid [Vincent Bias] $35,000 to avoid being publicly sued over the incident. Middlebrooks, a veteran of the US marines, said the man “needs a god damn bullet” and allegedly referred to him as “that nigger”, after becoming frustrated that the man was not punished more harshly over a prior run-in. The payment was made ... after a secret recording of Middlebrooks’s remarks was played to the city’s police chiefs and the mayor. Elected city councillors said they were not consulted. A copy of the recording was obtained by the Guardian. Middlebrooks, 33, made the threatening comments to Bias’s brother-in-law during a May 2013 encounter at his home, which Bias was visiting. Police came to the home after they discovered an unleashed dog. A lawsuit from Bias that the city paid to settle before it reached court stated that ... the officer remarked to Bias’s brother-in-law, who is white, that he was tired of “that nigger” being released from jail. Middlebrooks allegedly said “the police were going to pull [Bias] aside on a routine traffic stop and [Bias] would get killed”.
Note: For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
In some juvenile court systems around the country, young people regularly appear at hearings in handcuffs, leg irons, or both. But 21 states – five this year alone – have reformed such shackling practices. Skye Gosselin was 12 the first time court officers shackled her. She had been charged with disorderly conduct. At 14, she spent several hours handcuffed to another girl as she awaited her hearing, this time for skipping school. Then she was taken into court with metal bands wrapped around both her wrists and ankles, said the now-16-year-old. "The dehumanizing experience shaped not only how others saw me, but how I saw myself for many years. (It) made me think of myself as a criminal,” [she said]. Children as young as 9 have been shackled, as have children who have been abused by their parents. Up to 100,000 youths are shackled each year. [Reformers] say the automatic use of restraints is not in line with the rehabilitative purpose of juvenile court, limits youths’ ability to participate in their defense, tends to hurt and humiliate them, and, in some cases, traumatizes them. It makes little sense that adult courts typically have to follow guidelines to determine if shackling is really needed, but juvenile courts in many states don’t, says Shakyra Diaz, policy manager for the American Civil Liberties Union of Ohio. The US Supreme Court has ruled that routine shackling of adults in court is unconstitutional because it can undermine the presumption of innocence.
Note: For more along these lines, see concise summaries of deeply revealing civil liberties news articles from reliable major media sources.
The frustrated politicians who called for a federal investigation into Chicago’s off-the-books police warehouse have renewed calls for the first official inquiry into the facility. Danny Davis, the US congressman who represents the home district of Homan Square, said he would personally seek ... to learn the “rationale” for a practice of holding Americans without a public record of their whereabouts or access to a lawyer while interrogating them at the police site, known as Homan Square. On Wednesday, the Guardian revealed the initial results of a transparency lawsuit it filed to uncover the extent of Homan Square’s emergence as what ex-detainees, lawyers and activists describe as the domestic equivalent of a CIA black site. The lawsuit compelled the Chicago police to disclose that over 3,500 people – 82% of whom a Guardian independent investigation found to be black – have been subject to detention at Homan Square, with only three documented visits from lawyers to the building since September 2004. Long-time Chicago civil rights lawyers [responded to the lawsuit] as the “extremely troubled” results of a city with a “fundamentally racist” history of law enforcement. “Police assassination of Black Panther leaders, the torture of scores of African American suspects, the police ‘red squad’ spying indiscriminately on black citizens, and now Homan Square,” said attorney Flint Taylor, who played a major role in pushing the city to creating a reparations fund earlier this year.
Note: For more along these lines, read about the increasing militarization of police in the U.S. after 9/11, or see concise summaries of deeply revealing civil liberties news articles.
GiveDirectly has a straightforward approach to helping the world's poorest people: just give them cash, no strings attached. The New York-based nonprofit has distributed about $1,000 — roughly a year's income — to thousands of ultra-poor households in Kenya and Uganda. Recipients don't need to pay back the money, and they can spend it however they wish. This might seem like a radical idea, but it's not. Cash transfers have quietly become one of the most widely researched and consistently effective anti-poverty strategies in the developing world. Now GiveDirectly's work is receiving a major boost from Facebook co-founder Dustin Moskovitz and his wife Cari Tuna, who on Monday announced a $25 million donation through their foundation Good Ventures. The gift is greater than GiveDirectly's entire 2014 budget. "Governments and donors spend tens of billions of dollars a year on reducing poverty," Tuna said in a statement, "but the people who are meant to benefit from that money rarely get a say in how it’s spent. GiveDirectly is changing that." Moskovitz and Tuna, both in their early 30s, are among the youngest billionaires to pledge the bulk of their fortune to charity. Their goal isn't just to do good, but to do the most good possible. That goal led them to support exhaustive research to determine which organizations working in poor countries are most effective and cost-efficient. That research, in turn, led them to GiveDirectly - the only nonprofit focused exclusively on cash transfers.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Marijuana and the Veterans Affairs Hospital system’s relationship is complicated. On the one hand, 23 states plus the District of Columbia say marijuana is legal for sanctioned medical use, and veterans are clamoring for it for their post-combat symptoms. On the other, marijuana is classified a Schedule I drug. Veterans [have] been stuck in the middle. As many as 20 percent of veterans from Iraq and Afghanistan suffer from post-traumatic stress disorder. Antidepressants like Zoloft and Paxil, along with other heavy-duty pills, have been the traditional mainstays in VA doctors’ arsenals. Non-FDA approved options, marijuana among them, haven’t been options at all. But that has started to change. The Veterans Equal Access Act ... aims to open the entire VA system to judicious prescription of medical cannabis. Prior to its introduction, VA doctors couldn’t even discuss cannabis with their patients, much less prescribe it. Arizona psychiatrist Sue Sisley [has] spent two decades treating patients with PTSD. “All we have now is Zoloft and Paxil. And if you know much about those meds, you know there are many side effects, and they often don’t work. If they are effective, then patients are dealing with these side effects,” Sisley adds. “Vets come home from service, and they just want to reintegrate into their family. And we make them fat and impotent and mired in a bunch of disabling side effects.” When asked why marijuana might be better than other options, Sisley’s quick to answer: “A single plant can provide monotherapy for this whole constellation of symptoms.”
Note: The war on drugs has been called a "trillion dollar failure". The healing potentials of mind altering drugs are starting to be openly investigated.
[There is a] perverse form that public investment takes in many poor, minority neighborhoods: "million dollar blocks." Our penchant for incarcerating people has grown so strong that, in many cities, taxpayers frequently spend more than a million dollars locking away residents of a single city block. There are 851 blocks in Chicago where the public has committed more than a million dollars to sentencing residents to state prison. The total tops a million dollars for nonviolent drug offenses alone in 121 of those blocks. Most of Chicago's incarcerated residents come from and return to a small number of places. And in those places, the consequences of incarceration on everyone else — children who are missing their parents, households that are missing their breadwinners, families who must support returning offenders who are now much harder to employ — are concentrated, too. Million-dollar blocks exist too in New York and New Orleans and many big cities. When the spatial concentration of all this money is mapped ... the picture poses a critical question: What would happen if we poured the same resources into these same struggling parts of any city in very different ways? What if we spent $2.2 million dollars not removing residents from the corner of West Madison and Cicero but investing in the people who live there? Evidence suggests that such investments could do more to deter crime than locking people away.
Note: For more along these lines, see concise summaries of deeply revealing news articles about the corrupt prison industry.
Former president Jimmy Carter said Tuesday on the nationally syndicated radio show the Thom Hartmann Program that the United States is now an “oligarchy” in which “unlimited political bribery” has created “a complete subversion of our political system as a payoff to major contributors.” Carter was responding to a question from Hartmann about recent Supreme Court decisions on campaign financing like Citizens United. HARTMANN: "Our Supreme Court has now said, 'unlimited money in politics.' It seems like a violation of principles of democracy. ... Your thoughts on that?" CARTER: "It violates the essence of what made America a great country in its political system. Now it’s just an oligarchy, with unlimited political bribery being the essence of getting the nominations for president or to elect the president. And the same thing applies to governors and U.S. senators and congress members. So now we’ve just seen a complete subversion of our political system as a payoff to major contributors, who want and expect and sometimes get favors for themselves after the election’s over. ... The incumbents, Democrats and Republicans, look upon this unlimited money as a great benefit to themselves. Somebody’s who’s already in Congress has a lot more to sell to an avid contributor than somebody who’s just a challenger." Carter’s statement [has been added] to this list of politicians acknowledging that money controls politics.
Note: Read about the billionaire oligarchs that are increasingly able to purchase U.S. elections.
Important Note: Explore our full index to revealing excerpts of key 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.