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Excerpts of Key News Articles in Major Media

Below are key excerpts of little-known, yet highly revealing news articles from the media. Links are provided to the full news articles for verification. If any link fails to function, read this webpage. These articles are listed by order of importance. You can also explore these articles listed by order of the date of the news article or by the date posted. By choosing to educate ourselves, we can build a brighter future.

Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.

Dozens of companies, non-profits and trade organizations including Apple, Google, and Facebook sent a letter [on July 18] pushing the Obama administration and Congress for more disclosures on the government's national security-related requests for user data. Together with LinkedIn, Yahoo!, Microsoft, Twitter and many others, the companies asked for more transparency of secret data gathering in the letter. Tech companies have been scrambling to assert their independence after documents leaked last month by former U.S. security contractor Edward Snowden suggested they had given the government direct access to their computers as part of the NSA's secret surveillance program called Prism. The classified nature of the data gathering has barred the participating companies from disclosing even their involvement, let alone the content of the requests. Some companies, including Facebook and Apple, in June struck an agreement with the government to release some information about the number of surveillance requests they receive. But they were limited to disclosing aggregate government requests for data without showing the split between surveillance and criminal requests, and only for a six-month period.

Note: For more on government and corporate privacy invasions, see the deeply revealing reports from reliable major media sources available here.

Increasing housing prices and the stock market's posting all-time highs haven't helped the plight most Americans. The average U.S. household has recovered only 45 percent of the wealth they lost during the recession, according to a report released yesterday from the Federal Reserve Bank of St. Louis. This finding is a very different picture than one painted in a report earlier this year by the Fed that calculated Americans as a whole had regained 91 percent of their losses. The earlier number is based on aggregate household-net-worth data [which] isn't adjusted for inflation, population growth or the nature of the wealth. Much of recovery in net worth is because of the stock market, which means most of the improvement has been a boon only to wealthy families. "Clearly, the 91 percent recovery of wealth losses portrayed by the aggregate nominal measure paints a different picture than the 45 percent recovery of wealth losses indicated by the average inflation-adjusted household measure," the report said. "Considering the uneven recovery of wealth across households, a conclusion that the financial damage of the crisis and recession largely has been repaired is not justified," the researchers said. Almost two-thirds of the increase in aggregate household wealth is due to rising stock prices. This has disproportionately benefited the richest households: About 80 percent of stocks are held by the wealthiest 10 percent of the population.

Note: For deeply revealing reports from reliable major media sources on wealth inequality, click here.

On the heels of last year's defeat on the issue in California, Sen. Barbara Boxer, D-Calif., and Rep. Peter DeFazio, D-Ore., have introduced a bill to order the Food and Drug Administration to mandate the labeling of genetically engineered foods. The legislation, which would require food manufacturers and stores to tag items made with genetically modified ingredients or grown from genetically engineered seeds, has ... more than 20 co-sponsors. It has been hailed by food labeling advocates as a boon for consumers who have repeatedly tried to get such laws passed [and] shows that demand for a genetically engineered labeling law has reached critical mass. "This is big because for the first time in 13 years the U.S. Senate has recognized consumers' right to know," said Colin O'Neil, director of government affairs for the Center for Food Safety, of the federal proposal. Unlike Prop. 37, criticized for giving exemptions to products such as beef and most dairy, the federal bill would include all food items under the FDA's purview. Foods such as beef and poultry, which are overseen by the Department of Agriculture, would also follow the labeling law, O'Neil said. Surveys show that more than 90 percent of Americans support the labeling of genetically modified foods. Genetically engineered foods require labeling in 64 countries, including Russia and China.

Note: For deeply revealing reports from reliable major media sources on risks from GMO foods, click here. For an excellent summary of scientific research showing the major risks and dangers of these foods, click here.

It pays to be president, especially after leaving office. 24/7 Wall St. examined the finances of all 43 presidents to identify the richest. The only currently living president who makes the wealthiest list is Bill Clinton, who has an estimated net worth of $55 million. Clinton continues to make millions of dollars in speaking fees. President Obama is not one of the wealthiest presidents of all times. Yet his net worth increased from $5 million in 2010 to an estimated $7 million, primarily from his book sales. The net worth of the presidents varies widely. Washington amassed over half a billion in today's dollars, while other presidents went bankrupt. The first few presidents — from Washington's election to about 75 years later — were large landowners. They generally made money from land, crops and commodity speculation. By 1850, ... most presidents were lawyers who spent years in public service. They rarely amassed large fortunes and their incomes often came almost entirely from their salaries. James Buchanan, Abraham Lincoln, Andrew Johnson, Ulysses S. Grant, Rutherford B. Hayes and James A. Garfield had modest net worths when they died. [By] the beginning of the 20th [century] ... corporations in the oil, mining, financial and railroad sectors allowed individuals to amass large fortunes. Indeed, since the early 20th century, the fortunes of many presidents, including Theodore Roosevelt, Franklin D. Roosevelt, John F. Kennedy, George and George W. Bush were driven by inherited wealth.

Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.

In his bid to become Secretary of Defense, former Sen. Chuck Hagel has come under fire from both the left and right for his comments on Iraq, Israel and gays. His membership on the board of one of America's largest oil companies, however, has caused barely a stir. Since 2010, Hagel has served on the board of Chevron Corp., a position he would have to leave if he wins Senate confirmation as defense secretary. He received $301,199 in compensation from the San Ramon company in 2011, including $184,000 in stock. Chevron is a major federal contractor, with more than $501 million in sales to the U.S. government in the last fiscal year. But critics of the "revolving door" between the federal government and the private sector haven't raised any complaints about Hagel. That's largely due to the nature of Chevron's federal contracts. Almost all the money Chevron made from the U.S. government in fiscal year 2012 came from selling fuel to the Pentagon, according to a government website that tracks federal spending. Chevron, the nation's second-largest oil company, has a history of politically connected board members. Condoleezza Rice served on the company's board before becoming national security adviser for President George W. Bush. The practice of former federal officials landing jobs with government contractors - and vice versa - has long angered many government watchdogs. They were appalled when Obama, early in his first term, nominated a lobbyist for the Raytheon Corp. to serve as deputy secretary of defense.

Note: US Defense Secretary nominee Chuck Hagel has also been implicated in serious elections manipulations by none other than the New York Times. For more, see this link.

A report released this month by the Centers for Disease Control and Prevention and three prominent cancer research groups shows that cancer deaths in the United States are declining for men, women and children. New cancer diagnoses also declined for men from 2000 through 2009, the period the report examines, but remained stable for women and increased slightly for children. Here are the numbers: 1.8%: The percentage that cancer deaths decreased for both men and children from 2000 through 2009. For women, the decrease was 1.4 percent. 10%: The percentage that death rates decreased in the most common cancers in men. 15: The number of cancers most common in women that showed decreased death rates.

Note: For deeply revealing reports from reliable major media sources on promising cancer treatments and trends, click here.

Massachusetts voters in 2˝ weeks will consider becoming the 18th state to legalize the use of marijuana for medical purposes. Individual doctors and patient advocacy groups, including the AIDS Action Committee of Massachusetts and the state chapter of the Leukemia and Lymphoma Society, have endorsed the ballot question, saying marijuana can help patients and is available now. To study marijuana, researchers must be licensed by the US Drug Enforcement Administration and get access to marijuana grown at the University of Mississippi, which contracts with the National Institute on Drug Abuse to produce the only federally sanctioned supply. That process can prove onerous, if not impossible, acting as a deterrent for those who might want to study marijuana’s benefits, some researchers said. In 2000, the University of California created the Center for Medicinal Cannabis Research, with $9 million from the state. Dr. Igor Grant, the center’s director, ... and colleagues have completed the most comprehensive research to date of the effects of marijuana in patients, including studies that were randomized and double-blind, gold standards in research. Four studies found the drug to be useful in treating pain. Three were in patients with HIV who had pain resulting from damage to their nervous system. Another study found that marijuana reduced muscle stiffness in patients with multiple sclerosis.

Note: For deeply revealing reports from reliable major media sources on mind-altering drugs, click here.

[The] liberal political magazine In These Times obtained and published a packet of voting information sent to 45,000 employees of Koch Industries paper subsidiary Georgia-Pacific. The materials include a list of Koch-endorsed candidates — those who “have received support from a Koch company or Koch PAC”, the company’s political action committee. For Oregon staffers, that list is comprised solely of Republicans: 14 of them at state level, plus the Romney/Ryan presidential ticket. Koch Industries’ Koch PAC has indeed supported Democrats this election, but only to the tune of $23,500, backing four Democrats in Congressional races. By contrast, Koch PAC has spent $1.162 million on Republican candidates for the House, plus another $152,000 on GOP Senate hopefuls. FEC disclosures show that the Koch Industries group donated $25,000 to the the official Romney/Ryan fundraising committee in August, as well as $30,000 each to the National Republican Congressional Committee, National Republican Senatorial Committee and Republican National Committee. In fact, Koch PAC’s giving has become increasingly partisan over the years. The group’s donations to Democratic candidates make up 1.7% of their federal expenditure so far this election cycle, versus just over 15% in 2008 and just under 22% in 2004.

Note: For deeply revealing reports from reliable major media sources on electoral corruption, click here.

Most companies in the Standard & Poor’s 500-stock index pay their CEOs annual bonuses that are conditional on meeting specific goals. Yet companies often find ways to lower or reset the performance benchmarks to ensure that their CEOs get at least a portion of their bonus. The practice, which has become more frequent since the 2007 economic downturn, risks turning bonus plans into a “meaningless exercise,” says Carol Bowie, head of Americas research at ISS Governance. Bonus plans are “not simply a mechanism to deliver pay,” she says, “but they should be designed to focus executives on the kinds of operational metrics that are going to deliver value.” Companies often justify moving the goal posts as a way to protect executives from events out of their control—bad luck, such as a hurricane or rising fuel costs. Yet CEOs also benefit financially when good luck strikes. Departing from a bonus plan “only works if a board is willing to use it on the upside and the downside,” says Blair Jones of Semler Brossy Consulting Group. “If it’s only used for the downside, it calls into question the process.” Several studies of U.S. CEO pay have confirmed the lopsided practice. One study, from researchers at Claremont Graduate University and Washington University in St. Louis, found that executives lost far less pay for bad luck than they gained for good luck.

Note: For deeply revealing reports from reliable major media sources on financial corruption, click here.

To the dismay of a swath of French bankers, business leaders and the wealthy, President François Hollande has remained true to his word and unveiled â‚Ź20bn (Ł16bn) in new taxes, including a 75% "supertax" band that will hit the rich. However, the Socialist government sidestepped ... cuts in public spending, including pensions and state salaries, in its 2013 budget, which aims to find â‚Ź36.9bn in savings. The budget was a delicate balancing act in which Hollande sought to reassure investors and the financial markets, while simultaneously hiking taxes on large businesses and high-earners. However, it commits the government to an austerity programme that will be unpopular with leftwingers in the party, at a time when unemployment is rising and the economy teeters on the brink of recession. The budget aims to raise two-thirds of the Ł36.9bn savings with extra taxes split evenly between households and large companies, plus more than â‚Ź10bn in public spending cuts. The burden between taxes and spending cuts would be shared 50-50 from 2014. The standout measure, from a public perspective, was a new 75% tax rate on people earning more than â‚Ź1m a year. A new 45% income tax band is to be introduced for those earning more than â‚Ź150,000 a year.

Former President Jimmy Carter issued a blistering indictment of the U.S. electoral process ..., saying it is shot through with "financial corruption" that threatens American democracy. Carter said "we have one of the worst election processes in the world right in the United States of America, and it's almost entirely because of the excessive influx of money." The 39th president lamented a recent U.S. Supreme Court decision that allows unlimited contributions to third-party groups that don't have to disclose their donors. The dynamic is fed, Carter said, by an income tax code that exacerbates the gap between the wealthiest Americans and the rest of the electorate, allowing the rich even greater influence over public discourse and electioneering. He added that he hopes the "Supreme Court will reverse that stupid ruling," referring to the case known as Citizens United. He said the United States should return to publicly financed elections for president. The system technically is still in place, but it is voluntary and both President Barack Obama and Republican challenger Mitt Romney have chosen to bypass the taxpayer money because they can amass far more on their own. "You know how much I raised to run against Gerald Ford? Zero," Carter said, referring to his 1976 general election opponent. "You know how much I raised to run against Ronald Reagan? Zero. You know how much will be raised this year by all presidential, Senate and House campaigns? $6 billion. That's 6,000 millions."

Note: For deeply revealing reports from reliable major media sources on our dysfunctional electoral system, click here.

Once again John Paulson is choosing to heavily invest in gold and fellow billionaire George Soros is making a similar bet. Paulson & Co. and Soros Fund Management bumped up exposure to SPDR Gold Trust to 21.8 million shares and 884,000 shares, respectively. The decision by Soros is an interesting one. In 2010, Soros called gold “the ultimate bubble” during an appearance on Reuters television. Paulson & Co. now has 44 percent of its $24 billion fund exposed to bullion. Peter Sorrentino, a senior portfolio manager at Huntington Funds, ... said consumers should not rush out and buy gold. “Historically these moves span roughly a decade and while the last phase is typically the most explosive, the risk is getting out before it rolls over. Sorrentino said ... “the fundamentals behind gold such as available supply coming to market and end demand have not changed in any material way. In fact, gold purchase by central banks in the pacific rim, India and Russia have reached new highs. So from an investor psychology and supply/demand perspective, this looks like every cycle before it during the last decade.” But, despite big bets by two of the nation’s billionaires, he continued, “…There is an old saying among Wall Street traders; ’It’s said with a whisper and not with a shout, when the widows and orphans get in, it’s time to get out.’”

Note: A Fox News report also shows unusually high purchases of gold from central banks, mostly those of developing nations. Yet the price of gold has remained relatively stable in the last 10 months (between $1,550 and $1,800/oz) after rising from around $250/oz in 2002 up to $1,900/oz in August of 2011. Could these purchases be indicators of rocky financial times in the near future? A gold dealer informed WTK founder Fred Burks that gold prices tend to stabilize in election years, which you can verify using the charts at this link.

More than a decade has passed since Mitt Romney presided over the Winter Olympics in Salt Lake City, but the archival records from those games that were donated to the University of Utah to provide an unprecedented level of transparency about the historic event, remain off limits to the public. And some of the documents that may have shed the most light on Romney's stewardship of the Games were likely destroyed by Salt Lake Olympic officials. The archivists involved in preparing the documents for public review told ABC News that financial documents, contracts, appointment calendars, emails and correspondence are likely not included in the 1,100 boxes of Olympic records, and will not be part of the collection that will ultimately be made public. The Salt Lake City Winter Olympics represent a crucial chapter in the Romney biography -- his selection to oversee the Games came in the wake of a bribery scandal. Romney ... frequently cites the experience as part of what qualifies him to assume the presidency. But the absence of publicly available records that detail the decisions he made while running the games has increasingly become an uneasy subject for the library, which has for months been receiving inquiries from journalists and other researchers trying to subject Romney's version of the events to an analysis based on documents from the events. Romney [has] already faced criticism for his decisions to keep secret some of his past tax records and some details about his investment holdings.

Note: For lots more from reliable major media sources on institutional secrecy, click here.

More than 80 million Americans believe that UFOs exist and many of them are not afraid of an alien drop-in, according to a new study. As part of its new "Chasing UFOs" series, the National Geographic Channel conducted a poll to assess Americans' views on the paranormal. The study found that 11 percent of those polled believed they had seen a UFO. In addition, most of those polled said they would regard a minor alien invasion as only a minor inconvenience. And most expect the visitors to be "E.T."-type friendly. And despite the recent uproar over the Miami face-chewing incident, 71 percent in this survey were more likely to believe in aliens than in zombies, or vampires, or superheroes. The study threw in a few fun questions. Among them: Which superhero would Americans be more likely call on to battle aliens (the evil kind, not E.T.)? That would be the Hulk (21 percent). Spider-Man got only 8 percent of the vote. President Obama had the questionable honor of being perceived as better able to handle an alien invasion than GOP presidential candidate Mitt Romney; this was a notion held more strongly among women than men and among younger folks than older. The "Aliens Among Us" survey was conducted with a random nationwide sample of 1,114 Americans from May 21 to 29.

Note: For lots more on UFOs check out our UFO Information Center.

With Ron Paul forces at the reins, the Maine Republican Convention elected nearly all of the slate supporting the Texas congressman at the GOP national convention during a chaotic, two-day state convention that ended Sunday. In a series of votes highlighting the deep division within the state GOP, at least 21 of 24 delegates from Maine going to the GOP nominating convention in Tampa, Fla., will support Paul, and not the presumptive nominee, Mitt Romney. In addition, Paul supporters captured most of the seats on the state Republican committee, party officials said, making their takeover virtually complete. Paul supporters, who took over the convention Saturday after electing a convention chairman, say Maine would become the sixth state to elect a majority of Paul backers to the national convention, assuring the libertarian-leaning congressman a prime-time podium at the Tampa gathering. Paul finished a close second behind Romney in Maine's GOP caucuses in February but those results were nonbinding. The announcement of Maine's at-large delegates came in the wake of charges and counter-charges of ballot tampering and other indiscretions leading to the election of a Paul slate and the mainstream faction's efforts to block it. The state convention was one of the best attended, with nearly 2,800 delegates, party leaders said.

The Muslim community in Des Moines, Iowa ... is diverse. The members of the four mosques here are from Yemen, Somalia, Pakistan and Bangladesh, among other nations. [But] the community is a tight-knit group. That’s why what happened at their mosques here is alarming to so many of its members. “That was really surprising, very sad that ... the FBI or Homeland Security would send somebody here to pretend to be Muslim and try to find out what goes on here. I feel there is no need for that,” said Dr. Hamed Baig, president of the Islamic Center of Des Moines. Baig is talking about 42 year-old Arvinder Singh. Baid says he saw Singh a couple of times at his mosque. But it wasn’t until recently that members of the community discovered that Singh, who was raised a Sikh, was allegedly sent into their mosques to spy for the FBI. Singh told CNN that the FBI told him, "'You look Middle Eastern, and we need your help for the war against terror.'" Singh says the FBI came to him with a simple tradeoff: We’ll help you get your citizenship if you help us get some terrorists. Singh says he assumed a Muslim identity -– Rafik Alvi -- and went into the mosques pretending to be interested in converting. He says he frequented mosques all over the state but attended the four in Des Moines regularly for seven years. He says sometimes the FBI gave him pictures of persons of interest and he would confirm that they were at the mosque. On a few occasions, Singh says he taped his conversations with congregants.

Note: For lots more from major media sources on the clandestine operations of the FBI and other intelligence agencies, click here.

The 2012 campaign will be dominated by wealthy corporations, unions and individuals who can anonymously spend as much as they want in favor of a candidate - thanks to how the Supreme Court decided the Citizens United case two years ago today. The decision gave birth to a new type of political action committee, the super PAC. Analysts [say the ruling] is enabling wealthy interests to be able to shape the political system like never before. The millions of dollars spent fueling this winter's bloodbath of attack ads in the Republican presidential primary is probably just a sneak preview of a stream of ham-fisted political advertising expected this year - all the way down to congressional races. Through organizations with names like Winning Our Future, wealthy interests can furtively fund the type of nasty TV ads that torpedoed then-surging Newt Gingrich before the Iowa caucuses and later carpet-bombed South Carolinians with commercials calling Mitt Romney a job-killing "corporate raider" when he led the Bain Capital private equity firm. At the same time, presidential aspirants can claim that they had nothing to do with the attacks because the presidential campaigns can't legally communicate with the super PACs doing the dirty work. Still, the super PACs in favor of Gingrich and Romney are run by the candidates' former top associates, political pros familiar with their thinking and strategy.

Note: For lots more from reliable, verifiable sources on the serious flaws in the US electoral process, click here.

As arguments flare in Israel and the United States about a possible military strike to set back Iran’s nuclear program, an accelerating covert campaign of assassinations, bombings, cyberattacks and defections appears intended to make that debate irrelevant. The campaign, which experts believe is being carried out mainly by Israel, apparently claimed its latest victim on [January 11] when a bomb killed a 32-year-old nuclear scientist in Tehran’s morning rush hour. The scientist, Mostafa Ahmadi Roshan, was a department supervisor at the Natanz uranium enrichment plant. He was at least the fifth scientist with nuclear connections to be killed since 2007; a sixth scientist, Fereydoon Abbasi, survived a 2010 attack. Iranian officials immediately blamed both Israel and the United States for the latest death, which came less than two months after a suspicious explosion at an Iranian missile base that killed a top general and 16 other people. Neither Israeli nor American officials will discuss the covert campaign in any detail, leaving some uncertainty about the perpetrators and their purpose. Israel has used assassination as a tool of statecraft since its creation in 1948, historians say, killing dozens of Palestinian and other militants and a small number of foreign scientists. But there is no exact precedent for what appears to be the current campaign against Iran, involving Israel and the United States and a broad array of methods.

Note: For key reports from reliable sources on covert actions undertaken by the US in the "global war on terror", click here.

Continental Airlines Flight 1403 made history when it landed at O'Hare International Airport on Monday, becoming the first revenue passenger trip in the U.S. powered by biofuel. The Boeing 737-800 ... burned a "green jet fuel'' derived partially from genetically modified algae that feeds off plant waste and produces oil. In completing the Continental flight from Houston, parent company United Continental Holdings Inc. thus won by a scant two days the competition to launch the first biofuel-powered air service in the U.S. Alaska Airlines is scheduled to begin 75-passenger flights along with its sister airline, Horizon Air, that will take place over the next few weeks using a biofuel blend made from recycled cooking oil. Alaska Airlines officials said the 20 percent biofuel blend its planes will use will reduce carbon dioxide emissions by 10 percent. More U.S. airlines are expected to join the effort to fly more cleanly — and eventually more economically — than the use of traditional, petroleum-based Jet-A fuel allows, based on a crude oil price of $100 a barrel or higher, experts said.

Note: For many inspiring reports on new energy developments from major media sources, click here.

Authorities granted protesters a four-month extension to continue occupying Freedom Plaza in D.C.. A deadline for protesters with the October 2011/Stop the Machine demonstration to pack up and leave Freedom Plaza came and went Monday afternoon. The protesters were given until 2 p.m. to break down their stage and other equipment after their original four-day permit expired Sunday. While the protesters cleaned the space and took down the stage where they led rallies, made speeches and played music, they didn't leave. At about 2 p.m. Monday, Park Police went to Freedom Plaza and requested a private meeting with protest organizers. They met at National Park Service headquarters about 4 pm. Before leaving Freedom Plaza, the organizers told the crowd they'd stay until they're ready to leave. The organizers returned to a round of applause when they told demonstrators that authorities offered the four-month extension. Park Police realized it was not in their best interests to shut the demonstrators down or make arrests, organizers said, and asked if demonstrators needed to be arrested to make their point. The organizers replied that they don’t need to be arrested over a permit issue and want their issues addressed.

Note: For lots more on the reasons why people all over the world are occupying their city centers, check out our "Banking Bailout" news articles.

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.