News ArticlesExcerpts of Key News Articles in Major Media
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.
Even the world’s most savvy stock-market giants (e.g., Warren E. Buffett) have warned over the past decade that derivatives are the fiscal equivalent of a weapon of mass destruction. And the consequences of such an explosion would make the recent global financial and economic crisis seem like penny ante. But generously lubricated lobbyists for the unrestricted, unsupervised derivatives markets tell congressional committees and government regulators to butt out. While banks all over the world were imploding and some $50 trillion vanished in global stock markets, the derivatives market grew by an estimated 65 percent, according the Bank for International Settlements. BIS convenes the world’s 57 most powerful central bankers in Basel, Switzerland, for periodic secret meetings. Occasionally, they issue a cry of alarm. This time, derivatives had soared from $414.8 trillion at the end of 2006 to $683.7 trillion in mid-2008 - 18 months’ time. The derivatives market is now estimated at $700 trillion. What’s so difficult to understand about derivatives? Essentially, they are bets for or against the house - red or black at the roulette wheel. Or betting for or against the weather in situations in which the weather is critical (e.g., vineyards). Forwards, futures, options and swaps form the panoply of derivatives. Credit derivatives are based on loans, bonds or other forms of credit. Over-the-counter (OTC) derivatives are contracts that are traded and privately negotiated directly between two parties, outside of a regular exchange. All of this is unregulated.
Note: Though not from one of the top U.S. newspapers, this incisive article lays bare severe market manipulations that greatly endanger our world. The entire article is highly recommended. $700 trillion is equivalent to $100,000 for every man, woman, and child in the world! Do you think the financial industry is out of control? For lots more powerful, reliable information on major banking manipulations, click here. For a powerful analysis describing just how crazy things have gotten and giving some rays of hope by researcher David Wilcock, click here.
Someone on Wall Street just made a killing. That was the subject of so much chatter among professional investors once the smoke cleared from the sudden panic and recovery on Thursday [May 6] that briefly knocked some stocks down to a penny or two a share. Who had kept his cool during those terrifying minutes and scooped up some dreamlike bargains? One thing, however, is certain: By luck, savvy, lightning speed or all three, there was money — gobs of it — to be made from the bargains that came and went in an instant. On Friday the blogosphere was alight with conspiracy theories suggesting that perhaps the whole thing had been instigated by a big bank or a hedge fund looking to make a quick profit. Some investment pros surely made a fortune from the trillion-dollar market swing. “Somebody got Accenture at a penny. They’re ready to announce their retirement,” joked Daniel Seiver, a finance professor at San Diego State University. Investors who owned gold or United States Treasuries ... saw big gains as global investors sought havens. But even those gains were small compared with those won by options traders who had placed bets on an index that rises in value when volatility increases. “The guys who probably made the most money in this were options players,” said Larry Tabb, chief executive of the Tabb Group, a financial services consulting firm.
Note: This article refers to the record-breaking 1,000 point intra-day drop in the Dow Jones index on May 7. For an abundance of deep reporting on the hidden realities of Wall Street's shadowy operations, click here.
Indian military scientists are studying an 82-year-old who claims he has not had any food or drink for 70 years. Prahlad Jani is being held in isolation in a hospital in Ahmedabad, Gurjarat, where he is being closely monitored by India's defence research organization, who believe he may have a genuine quality which could help save lives. He has now spent six days without food or water under strict observation and doctors say his body has not yet shown any adverse effects from hunger or dehydration. Mr Jani ... is regarded as a 'breatharian' who can live on a 'spiritual life-force' alone. He believes he is sustained by a goddess who pours an 'elixir' through a hole in his palate. His claims have been supported by an Indian doctor who specializes in studies of people who claim supernatural abilities. So far, Mr Prahlad appears to be standing up to scrutiny. He has not eaten or drunk any fluids in six days, and similarly has not passed urine or a stool in that time. He remains fit and healthy and shows no sign of lethargy. According to Dr Sudhir Shah, who examined him in 2003, he went without food or water for ten days in which urine appeared to be reabsorbed by his body after forming in his bladder. Doubts were expressed about his claim after his weight fell slightly at the end of the trial.
Note: To read an intriguing BBC News article about the 2003 study of this remarkable man, click here.
The torture of Iraqi detainees at a secret prison in Baghdad was far more systematic and brutal than initially reported, Human Rights Watch reported. Human Rights Watch ... documented its findings, which it described as “credible and consistent,” in a draft report provided to The New York Times. The group said it had interviewed 42 detainees who displayed fresh scars and wounds. Many said they were raped, sodomized with broomsticks and pistol barrels, or forced to engage in sexual acts with one another and their jailers. All said they were tortured by being hung upside down and then whipped and kicked before being suffocated with a plastic bag. Those who passed out were revived, they said, with electric shocks to their genitals and other parts of their bodies. “The horror we found suggests torture was the norm in Muthanna,” said Joe Stork, deputy director of the Middle East program at Human Rights Watch. “Security officials whipped detainees with heavy cables, pulled out finger and toenails, burned them with acid and cigarettes, and smashed their teeth,” Human Rights Watch said.
Note: For more on the atrocities committed by the US and its recent wars, click here.
If you eat meat, the odds are high that you've enjoyed a meal made from an animal raised on a factory farm. The government designation is CAFO, which stands for Concentrated Animal Feeding Operation. Basically, it's any farm that has 1,000 animal units or more. A beef cow is an animal unit. These animals are kept in pens their entire lives. They're never outside. They never breathe fresh air. They never see the sun. According to the USDA, 2% of U.S. livestock facilities raise an estimated 40% of all farm animals. This means that pigs, chickens and cows are concentrated in a small number of very large farms. There are simply too many animals in too small of a place. CAFO cows eat a diet of milled grains, corn and soybeans, when they are supposed to eat grass. The food isn't natural because they very often put growth hormones and antibiotics in it. When you have 2,000 cows per acre instead of two, you have a problem. You can't fit them in a pasture — you fit them in a building. You don't have enough land to absorb their waste. The manure is liquefied. It gets flushed out into an open lagoon [and] sprayed into waterways and creeks. This stuff is untreated, by the way.
Note: For two excellent and fun short videos showing both the problem and solutions for cruel factory farming, click here and here. For lots more little-known, excellent information to promote your health, click here.
George W. Bush, Dick Cheney and Donald Rumsfeld covered up that hundreds of innocent men were sent to the Guantnamo Bay prison camp because they feared that releasing them would harm the push for war in Iraq and the broader War on Terror, according to a new document obtained by The Times. The accusations were made by Lawrence Wilkerson, a top aide to Colin Powell, the former Republican Secretary of State, in a signed declaration to support a lawsuit filed by a Guantnamo detainee. He claimed that the former Vice-President and Defence Secretary knew that the majority of the initial 742 detainees sent to Guantnamo in 2002 were innocent but believed that it was politically impossible to release them. Colonel Wilkerson, a long-time critic of the Bush Administrations approach to counter-terrorism and the war in Iraq, claimed that the majority of detainees children as young as 12 and men as old as 93 never saw a US soldier when they were captured. He said that many were turned over by Afghans and Pakistanis for up to $5,000. Little or no evidence was produced as to why they had been taken. He also claimed that one reason Mr Cheney and Mr Rumsfeld did not want the innocent detainees released was because the detention efforts would be revealed as the incredibly confused operation that they were.
Note: For lots more on the realities of the "war on terror", click here.
As recently as 2007, 98 percent of Irish schools were run by the Catholic Church. Schools for troubled youth have been rife with barbaric corporal punishments, psychological abuse and sexual abuse. In October 2005, a report sponsored by the Irish government identified more than 100 allegations of sexual abuse by priests in Ferns, a small town 70 miles south of Dublin, between 1962 and 2002. Accused priests weren't investigated by police; they were deemed to be suffering a "moral" problem. In 2009, a similar report implicated Dublin archbishops in hiding sexual abuse scandals between 1975 and 2004. Pope Benedict's so-called apology takes no responsibility for the transgressions of Irish priests. His letter states that "the Church in Ireland must first acknowledge before the Lord and before others the serious sins committed against defenceless children." What about the Vatican's complicity in those sins? Benedict's infamous 2001 letter to bishops around the world ordered them to keep sexual abuse allegations secret under threat of excommunication -- updating a noxious church policy, expressed in a 1962 document, that both priests accused of sex crimes and their victims "observe the strictest secret" and be "restrained by a perpetual silence."
This week, scientists gathered at the American Chemical Society's spring meeting in San Francisco to turn the spotlight on a highly unorthodox path: the effect known as cold fusion. This year's session featured nearly 50 presentations - including reports on batteries and bacteria that appear to exhibit the cold-fusion effect. Back in 1989, cold fusion was heralded as a simple, inexpensive way to get a power-generating fusion reaction on a desktop. But when the experimental results couldn't be reproduced, the researchers were driven into obscurity [and] the term "cold fusion" became synonymous with quackery. Chemists, however, have kept up their interest in the effect. Rick Nebel [has headed] up a handful of researchers following the less-traveled path to fusion at EMC2 Fusion Development Corp. EMC2 recently created a buzz in the fusion underground by reporting on its Web site that it successfully completed a series of experiments to "validate and extend" earlier results. The company is now using a $7.9 million contract from the U.S. Navy to build a bigger test machine. Nebel and his colleagues are now seeking contributions to fund the development of what they say would be a 100-megawatt fusion plant - a "Phase 3" effort projected to cost $200 million and take four years. "Successful Phase 3 marks the end of fossil fuels," the Web site proclaims.
Note: For a powerful, reliable documentary showing how promising results from cold fusion were strongly suppressed, click here. For lots of reports from reliable sources of new energy developments, click here.
The effort to win over Afghans on former Taliban turf in Marja has put American and NATO commanders in the unusual position of arguing against opium eradication. From Gen. Stanley A. McChrystal on down, the military’s position is clear: “U.S. forces no longer eradicate,” as one NATO official put it. Opium is the main livelihood of 60 to 70 percent of the farmers in Marja. American Marines occupying the area are under orders to leave the farmers’ fields alone. United Nations drug officials agree with the Americans. Pictures of NATO and other allied soldiers “walking next to the opium fields won’t go well with domestic audiences, but the approach of postponing eradicating in this particular case is a sensible one,” said Jean-Luc Lemahieu, who is in charge of the United Nations Office on Drugs and Crime here. Though the United States government’s official position is still to support opium crop eradication in general, some American civilian officials say that the internal debate over Marja is far from over within parts of the State Department and the Drug Enforcement Administration. A spokesman for the United States Embassy in Kabul, Brendan J. O’Brien, said officials would decline to comment while the matter was under review.
Note: For weeks the Pentagon and press claimed Marja is a city of 80,000 people, and compared the "battle for Marja" as comparable to the attack on Falluja, Iraq. Then the news leaked out that Marja is not even a town, but an unincorporated agricultural area with a few villages. Now the "city" turns out to be a center of opium poppy production! Could protection of the lucrative poppy crops be the real reason for the selection of this area for the largest single military operation of the occupiers since the invasion in 2001? For more on this, click here.
Pope Benedict XVI addresses Ireland on [March 20] in a letter apologizing for the sex abuse scandal [there] - a message being watched closely by Catholics from Boston to Berlin to see if it also acknowledges decades of Vatican-approved cover-ups. The scandals first emerged in Canada and Australia in the 1980s, followed by Ireland in the 1990s, the United States this decade and, in recent months, Benedict's German homeland. Victims' rights activists say that to begin mending the church's battered image, Benedict's message ... must break his silence on the role of the Catholic hierarchy in shielding pedophile clergy from prosecution. That includes abuses committed decades ago under the pope's watch, when he was Archbishop Joseph Ratzinger of Munich, as well as the pontiff's role in hushing up the scandals. As leader of the Congregation for the Doctrine of the Faith, Ratzinger was responsible for a 2001 Vatican edict that instructed bishops to report all cases of child abuse to Vatican authorities under strict secrecy; it made no mention of reporting crimes to police. "Is it not time for Pope Benedict XVI himself to acknowledge his share of responsibility?" said the Rev. Hans Kung, a Swiss priest and dissident Catholic theologian. "Honesty demands that Joseph Ratzinger himself, the man who for decades has been principally responsible for the worldwide cover-up, at last pronounce his own mea culpa," Kung said.
Last Sunday's Observer claimed to expose how "an officer from a secretive unit of the Metropolitan police" worked "undercover among anti-racist groups in Britain, during which he routinely engaged in violence against members of the public and uniformed police officers to maintain his cover". Despite this sensationalist introduction, "Officer A" does not describe his involvement in any violent incidents. No wonder. The organisation he infiltrated, Youth Against Racism in Europe (YRE) is a peaceful organisation of young people, which in the 1990s organised mass protests against racism and the BNP [British National Party]. YRE [has often faced] violence from the far right, and unfortunately also from the police. The police not only used violence against [YRE] demonstrations but also carried out a secretive, unaccountable and clearly expensive infiltration operation. They gained nothing from it. Far from being secretive [YRE] publicly advertised [its] events. The Observer's revelation is not unique. Christopher Andrew's The Defence of the Realm: the Authorized History of M15, published last year, also describes state infiltration of Militant, the National Union of Miners and others. Surveillance of peaceful protestors has mushroomed. Police brutality also, as the tragic death of Ian Tomlinson showed, is not a thing of the past.
Note: Why would police place officers promoting violence in peaceful groups working against racism? Could it be that key elements within the police are racist?
The risk of children suffering from flu can be halved if they take vitamin D, doctors in Japan have found. The finding has implications for flu epidemics since vitamin D, which is naturally produced by the human body when exposed to direct sunlight, has no significant side effects, costs little and can be several times more effective than anti-viral drugs or vaccine. Only one in ten children, aged six to 15 years, taking the sunshine vitamin in a clinical trial came down with flu compared with one in five given a dummy tablet. Mitsuyoshi Urashima, the Japanese doctor who led the trial, told The Times that vitamin D was more effective than vaccines in preventing flu. Vitamin D was found to be even more effective when the comparison left out children who were already given extra vitamin D by their parents, outside the trial. Taking the sunshine vitamin was then shown to reduce the risk of flu to a third of what it would otherwise be. The trial, which was double blind, randomised, and fully controlled scientifically, was conducted by doctors and scientists from Jikei University School of Medicine in Tokyo, Japan.
Note: For important articles from reliable sources on health issues, click here.
On top of everything Lehman Brothers did before it collapsed in 2008, nearly toppling the financial system, it now seems that it was aggressively massaging its books. A new report on the Lehman collapse, released last week ... would leave anyone dumbstruck by the firm’s audacity — and reminded of the crying need for adult supervision of Wall Street. The 2,200-page report [finds that] Lehman engaged in transactions that let it temporarily shift troubled assets off its books and in so doing, hide its reliance on borrowed money. The maneuvers ... made the firm appear healthier than it was. [The author, Anton R. Valukas, a former federal prosecutor,] wrote that Richard S. Fuld Jr., Lehman’s former chief executive, was “at least grossly negligent,” and that Lehman executives engaged in “actionable balance sheet manipulation.” According to the report, rating agencies, government regulators and Lehman’s board of directors had no clue about the gimmicks. The result is that we were all blindsided. And we could be blindsided again. Congress is not even close to passing meaningful regulatory reform. The surviving banks have only gotten bigger and more politically powerful. If the Valukas report is not a wake-up call, what would be?
Note: The Lehman report is described in detail here. For revealing information showing how the US Treasury Department continues to fight against a much-needed audit of the Federal Reserve, click here. For a great collection of revealing reports from reliable sources on the hidden realities behind the financial crisis and government bailouts of the biggest financial corporations, click here.
On Nov. 28, 1953, Frank Olson, a ... 42-year-old government scientist, plunged to his death from room 1018A in New York's Statler Hotel. [Twenty-two] years later, the Rockefeller Commission report was released, detailing a litany of domestic abuses committed by the CIA. The ugly truth emerged: Olson's death was the result of his having been surreptitiously dosed with LSD days earlier by his colleagues. The belated 1975 [admission] ... generated more interest into a series of wildly implausible "mind control" experiments on an unsuspecting populace over three decades. Much of this plot unfolded here, in New York, according to H.P. Albarelli Jr., author of A Terrible Mistake: The Murder of Frank Olson and the CIA's Secret Cold War Experiments. Albarelli spent more than a decade sifting through more than 100,000 pages of government documents and his most startling chestnut might be his claim that the intelligence community conducted aerosol tests of LSD inside the New York City subway system. "The experiment was pretty shocking — shocking that the CIA and the Army would release LSD like that, among innocent unwitting folks," Albarelli told The Post. An Olson colleague, Dr. Henry Eigelsbach, confirmed to Albarelli that the LSD subway test did, in fact, occur in November 1950, albeit on a smaller scale than first planned. Little, however, is known about the test — what line, how many people and what happened.
Note: For lots more reliable information on CIA mind control experiments, click here and here.
Brussels bureaucrats [are determined] to spread GM crops throughout Europe, against the will of most of its people. In a little-noticed move last week, the European Commission defied most of the governments to which it is supposed to answer to give the green light to growing a [genetically] modified potato across the continent. It was the first time a GM crop had been authorised for cultivation in 13 years. But, now the long moratorium has been broken, similar approvals for others are expected rapidly to follow. The decision has its origins in a couple of secret, top-level meetings called by Jose Manuel Barroso, the Commission's strongly pro-GM president. He invited the prime ministers of each of the 27 EU member states to send a personal representative along to discuss how to "speed up" the spread of the technology and "deal with" public opposition. About three times as many Europeans oppose genetic modification as support it. As a result, GM crops cover only about 0.12 per cent of Europe's agricultural land – and the continent accounts for just 0.08 per cent of the area growing them worldwide. And they have been losing ground. In the past two years, both France and Germany banned the Monsanto maize, joining Austria, Hungary, Greece and Luxembourg.
Note: Though Europeans are very aware of the threat of genetically modified foods and have worked hard to prohibit them, the media in the US have managed to stifle almost any reporting on the topic. Most Americans have no idea that they are regularly eating GM foods known to have serious health risks.
The Devil is lurking in the very heart of the Roman Catholic Church, the Vatican's chief exorcist claimed on Wednesday. Father Gabriele Amorth said people who are possessed by Satan vomit shards of glass and pieces of iron. He added that the assault on Pope Benedict XVI on Christmas Eve by a mentally unstable woman and the sex abuse scandals which have engulfed the Church in the US, Ireland, Germany and other countries, were proof that the Anti-Christ was waging a war against the Holy See. "The Devil resides in the Vatican and you can see the consequences," said Father Amorth, 85, who has been the Holy See's chief exorcist for 25 years. While there was "resistance and mistrust" towards the concept of exorcism among some Catholics, Pope Benedict XVI has no such doubts, Father Amorth said. "His Holiness believes wholeheartedly in the practice of exorcism. He has encouraged and praised our work," he added. In a rare insight into the world of exorcism, the Italian priest told La Repubblica newspaper that the 1973 film The Exorcist gave a "substantially exact" impression of what it was like to be possessed by the Devil.
In his new book, American Conspiracies: Lies, Lies, and More Dirty Lies That the Government Tells Us, former Minnesota Gov. Jesse Ventura begins an investigative journey to prove that there is more to our national history than the government wants us to know. In this excerpt, he writes about an alleged 9/11 cover-up. Chapter 12: What really happened on September 11? Our government engaged in a massive cover-up of what really happened, including its own ties to the hijackers. Unanswered questions remain about how the towers were brought down, and whether a plane really struck the Pentagon. The Bush Administration either knew about the plan and allowed it to proceed, or they had a hand in it themselves. I certainly never expected to think that elements of the Bush Administration were complicit. Today, though, I am convinced that some people inside our government knew the attack was going to happen and allowed it to come to pass — because it furthered their political agenda. I say this after expending many hours researching things about the official story that don’t add up, and interviewing a number of witnesses with firsthand knowledge that contradicts what we were told. As a patriotic American, I say this with a heavy heart — and with an outrage that really knows no words. But it’s something we, as a nation, must come to terms with. Otherwise, it could happen again.
Note: For the questions raised by many other highly respected former government officials about what really happened on 9/11, click here.
[Here's a story] from Ellsberg's book Secrets. The setting is a meeting with Henry Kissinger in late 1968. In 1968 Ellsberg was a highly respected analyst ... who had worked for both the Pentagon and Rand, and Kissinger was just entering the government. Ellsberg told him, "Henry, there's something I would like to tell you. You've dealt a great deal with top secret information. But you're about to receive a whole slew of special clearances, maybe fifteen or twenty of them, that are higher than top secret. First, you'll be exhilarated by some of this new information. But second, ... you will feel like a fool for having studied, written, talked about these subjects, criticized and analyzed decisions made by presidents for years without having known of the existence of all this information. In particular, you'll feel foolish for having literally rubbed shoulders for over a decade with some officials and consultants who did have access to all this ... and you'll be stunned that they kept that secret from you so well. You will feel like a fool. Then, after you've ... become used to using what amounts to whole libraries of hidden information, ... you will forget there ever was a time when you didn't have it. You'll be aware only of the fact that you have it now and most others don't ... and that all those other people are fools. [In] a matter of two or three years — you'll eventually become aware of the limitations of this information. It's often inaccurate, and it can lead you astray. But that takes a while to learn. In the meantime ... you will deal with a person who doesn't have those clearances only from the point of view of what you want him to believe and what impression you want him to go away with. You'll have to lie carefully to him about what you know. In effect, you will have to manipulate him.
Note: Don't miss the entire fascinating, highly revealing article at the link above. To see this quote from Ellsberg's book on Google books, click here. For more on government secrets, see the deeply revealing reports from reliable major media sources available here.
Most pharmaceutical companies have sworn off ghostwriting, the practice of writing "research" papers for doctors and then paying them to add their names as authors even when they had little involvement or the results were trivial. Merck (MRK), Forest Labs (FRX), and GlaxoSmithKline (GSK) have all been caught doing it. But what happens to the articles that have been disavowed by companies or discredited by lawyers? Not much, it turns out. They sit inside prestigious online archives of academic material, unretracted, where they look just like real studies with robust results. Ghostwriting doesn't look good in lawsuits, either. Pfizer (PFE) must now pay $9.5 million to a woman who claimed menopause drug Prempro gave her breast cancer; Wyeth - the company that made the drug and was later acquired by Pfizer - commissioned ghostwritten articles about the drug. So it's interesting to note that many of those pay-for-play articles are still sitting in scholarly archives such as PubMed, notching up bibliography references and footnotes, even though they shouldn't be. You can search for more ghostwritten papers here.
Note: Big Pharma giant Merck created a fake medical journal and created a list of doctors to discredit in order to popularize a dangerous drug that may have killed as many as 500,000 people before it was finally recalled. For more along these lines, see concise summaries of deeply revealing pharmaceutical corruption news articles from reliable major media sources.
A lingering technical question about the Sept. 11 terrorist attacks still haunts some, and it has political implications: How did 200,000 tons of steel disintegrate and drop in 11 seconds? A thousand architects and engineers want to know, and are calling on Congress to order a new investigation into the destruction of the Twin Towers and Building 7 at the World Trade Center. "In order to bring down this kind of mass in such a short period of time, the material must have been artificially, exploded outwards," says Richard Gage, a San Francisco architect and founder of the nonprofit Architects & Engineers for 9/11 Truth. Mr. Gage, who is a member of the American Institute of Architects, managed to persuade more than 1,000 of his peers to sign a new petition requesting a formal inquiry. "The official Federal Emergency Management [Agency] and National Institute of Standards and Technology reports provide insufficient, contradictory and fraudulent accounts of the circumstances of the towers' destruction. We are therefore calling for a grand jury investigation of NIST officials," Mr. Gage adds. "The implications are enormous."
Note: To read statements questionig the official account of the events of 9/11 by hundreds of professors, government officials and professionals, click here and here. For our 9/11 Information Center, click here.
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.