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.
Part One: 'A Different Understanding With the President': In less than an hour ... Cheney's proposal had become a military order from the commander in chief. Foreign terrorism suspects held by the United States were stripped of access to any court -- civilian or military, domestic or foreign. They could be confined indefinitely without charges and would be tried, if at all, in closed "military commissions." "What the hell just happened?" Secretary of State Colin L. Powell demanded ... when CNN announced the order that evening, Nov. 13, 2001. National security adviser Condoleezza Rice, incensed, sent an aide to find out. Even witnesses to the Oval Office signing said they did not know the vice president had played any part. "Angler," as the Secret Service code-named him, has approached the levers of power obliquely, skirting orderly lines of debate he once enforced as chief of staff to President Gerald R. Ford. He has battled a bureaucracy he saw as hostile, using intimate knowledge of its terrain. He has empowered aides to fight above their rank, taking on roles reserved in other times for a White House counsel or national security adviser. And he has found a ready patron in George W. Bush for edge-of-the-envelope views on executive supremacy that previous presidents did not assert. Over the past six years, Cheney has shaped his times as no vice president has before. [The] relationship [between Bush and Cheney] is opaque, a vital unknown in assessing Cheney's impact on events. Officials who see them together often, not all of them admirers of the vice president, detect a strong sense of mutual confidence that Cheney is serving Bush's aims.
Note: This is an important, in-depth investigation of the Cheney vice-presidency. It is highly revealing and well worth reading it its entirety.
Peter Rost is worked up. The ex-Pfizer senior executive turned blogger believes he has uncovered another instance of unethical marketing by Big Pharma. Rost's blog, Question Authority With Dr. Rost, is one part mocking rant, two parts investigative chronicle. He has also published an exposé of his years in the drug industry, "The Whistleblower: Confessions of a Healthcare Hitman." Trained as a physician in his native Sweden, Rost has worked in the drug industry for most of the past 20 years. He almost certainly never will again. Rost hopes that Question Authority - named after the Fortune column in which he was once featured - will help him create a new career. Rost's many critics would love to be able to dismiss him as an embittered crank. But they can't. The blog [is] a conduit for Big Pharma whistleblowers [that once prompted] a government probe into Pfizer's marketing activities. And a dispatch on dubious sales practices led to at least one sales director's ouster. For Big Pharma, whose public image is already battered, blogs are an added nuisance. The problem, says Robert Ehrlich, CEO of DTC Perspectives, a health-care marketing consultancy, is that most pharma companies are, "medically oriented and legally oriented ... but as an industry they are not consumer-oriented." For better or worse, the drug industry is going to have to get used to Dr. Peter Rost - and others like him.
Note: Read an excellent article on Dr. Rost and other major whistleblowers from the pharmaceutical industry. For more along these lines, see concise summaries of deeply revealing big pharma corruption news articles from reliable major media sources.
[A new] study ... finds that not only is the U.S. health care system the most expensive in the world (double that of the next most costly comparator country, Canada) but comes in dead last in almost any measure of performance. Although U.S. political leaders are fond of stating that we have the best health-care system in the world, they fail to acknowledge an important caveat: It is the best only for the very rich. For the rest of the population, its deficits far outweigh its advantages. [The] study compared the United States with Australia, Canada, Germany, New Zealand and the United Kingdom. Although the most notable way in which the United States differs from the other countries is in the absence of universal coverage, the United States is also last on dimensions of access, patient safety, efficiency and equity. The other five countries considered spend considerably less on health care, both per capita and as a percent of gross domestic product, than the United States. The United States spends $7,000 per person per year on health care, almost double that of Australia, Canada and Germany, each of which achieve better results on health status indicators than the United States. The United States also lags behind all industrialized nations in terms of health coverage. 46.6 million Americans (about 15.9 percent of the population) had no health insurance coverage during 2005. It is no wonder, then, that medical bills are overwhelmingly the most common reason for personal bankruptcy in the United States.
Note: For a treasure trove of reliable information on health, click here.
David Talbot, founder of Salon.com ... believes that new evidence, including his own research encompassing more than 150 interviews, further undermines the conclusions of the Warren Commission Report. [His new book] "Brothers" ... stresses the extent to which the Kennedy administration faced political pressure from the extreme right, including elements of the CIA leadership, the national security apparatus [and] anti-Castro Cubans. JFK incurred the wrath of his enemies and incubated a desire for revenge in many of them. The author will convince many ... that the likelihood of a conspiracy to assassinate JFK (and maybe RFK) is significant. Talbot's highly readable, at times gripping book makes the case for releasing the classified documents pertaining to the JFK assassination. Declassified JFK files reveal that in 1963, [CIA agent George] Joannides was the agent in charge of one of the most powerful Cuban anti-Castro organizations in Miami, the Revolutionary Students Directorate, or DRE. A few months before JFK's assassination, the DRE had significant contact with Lee Harvey Oswald. In the course of four intensive investigations of the JFK assassination, however, the CIA failed to divulge information about this connection, or even that Joannides was the CIA officer assigned to manage the DRE, and refused to release important parts of Joannides' personnel file. In September, on grounds of national security, the CIA successfully thwarted a request for such information. Until it is released, many ... will reasonably speculate that crucial information about the JFK assassination is being concealed.
Note: For more reliable information on the Kennedy assassination and more, click here. The History Channel also has an excellent documentary showing beyond doubt there was more than one gunman. To order this highly revealing documentary, click here.
New charges have been filed alleging that a former top CIA official pushed a proposed $100 million government contract for his best friend in return for lavish vacations, private jet flights and a lucrative job offer. The indictment [brings] charges ... against Kyle “Dusty” Foggo, who resigned from the spy agency a year ago, and ... defense contractor Brent Wilkes. The charges grew from the bribery scandal that landed former U.S. Rep. Randy “Duke” Cunningham in prison. The pair now face 30 wide-ranging counts of fraud, conspiracy and money laundering [including that] Foggo provided Wilkes with “sensitive, internal information related to ... national security,” including classified information, to help him prepare proposals for providing undercover flights for the CIA under the guise of a civil aviation company and armored vehicles for agency operations. Then, he pushed his CIA colleagues to hire Wilkes’ companies without disclosing their friendship, prosecutors allege. In a June 2005 e-mail to the head of CIA air operations quoted in the indictment, Foggo offered to “use some ’EXDIR grease”’ on Wilkes’ behalf. Foggo was the agency’s executive director at the time. In return, Wilkes offered to hire Foggo after he retired from government service. [An] initial indictment in February charged the pair with 11 counts of the same charges in connection with a $1.7 million water-supply contract Foggo allegedly helped win for one of Wilkes’ companies while he was working as a logistics coordinator at a CIA supply hub overseas. Foggo, the former No. 3 official at the CIA, resigned from the spy agency after his house and office were raided by federal agents.
Note: Until just a few years ago, there was a virtual blackout in the media on any negative coverage of the CIA. The prosecution of the #3 man in the CIA is an external manifestation of huge shake-ups going on behind the scenes. Buzzy Krongard, the previous #3 at the CIA has been linked to the millions of dollars in suspicious stock option trades made just prior to 9/11 that were never claimed, though this received little media coverage.
In an e-mail uncovered and released by the House Judiciary Committee last month, Tim Griffin, once Karl Rove's right-hand man, gloated that "no [U.S.] national press picked up" a BBC Television story reporting that the Rove team had developed an elaborate scheme to challenge the votes of thousands of African Americans in the 2004 election. Griffin wasn't exactly right. The Los Angeles Times did run a follow-up article. But ... most of the major U.S. newspapers and the vast majority of television news programs ignored the story even though it came at a critical moment just weeks before the election. In fact, not one U.S. newsperson even bothered to ask me or the BBC for the data and research we had painstakingly done. The truth is, I knew that a story like this one would never be reported in my own country [the U.S.], because investigative reporting ... is dying. Again and again, I see this pattern repeated. Back in December 2000, I received two computer disks from the office of Florida Secretary of State Katherine Harris. Analysis of the data ... indicated that Harris' office had purged thousands of African Americans from Florida's voter rolls as "felons." Florida now admits that many of these voters were not in fact felons. Nevertheless, the blacklisting helped cost Al Gore the White House. I reported on the phony felon purge in Britain's Guardian and Observer and on the BBC while Gore was still in the race, while the count was still on. Yet the story of the Florida purge never appeared in the U.S. daily papers or on television ... until months later, that is, after the Supreme Court had decided the election.
Note: The American-born author of this article, BBC reporter Greg Palast, has repeatedly exposed major corruption in the British media, yet the U.S. press often ignores his well-researched stories. For possibly the most amazing story he wrote which got virtually no U.S. media coverage, click here.
Behind the county hospital's tall cinderblock walls, a 27-year-old tuberculosis patient ... sits in a jail cell equipped with a ventilation system that keeps germs from escaping. Robert Daniels has been locked up indefinitely, perhaps for the rest of his life, since last July. But he has not been charged with a crime. Instead, he suffers from an extensively drug-resistant strain of tuberculosis. It is considered virtually untreatable. County health authorities obtained a court order to lock him up as a danger to the public because ... he did not heed doctors' instructions to wear a mask in public. "I'm being treated worse than an inmate," Daniels said. "I'm all alone. Four walls. Even the door to my room has been locked. I haven't seen my reflection in months." He said sheriff's deputies will not let him take a shower -- he cleans himself with wet wipes -- and have taken away his television, radio, personal phone and computer. His only visitors are masked medical staff members who come in to give him his medication. Though Daniels' confinement is extremely rare, health experts say it is a situation that U.S. public health officials may have to confront more and more because of the spread of drug-resistant TB and the emergence of diseases such as SARS and avian flu.
Note: If the above link fails, click here. What possible reason is there for taking away this man's TV, radio, cell phone, and computer? Are we being prepared for mass quarantines and imprisonment due to disease? For more, click here.
It's not everyday a former governor tells you he witnessed a UFO that he believes came from another world. But that's what Fife Symington, who served as governor of Arizona for six years in the 1990s, just did. Symington ... says he saw what is now referred to as the "Phoenix Lights." Exactly 10 years ago, thousands of Arizonans saw an object in the sky described by witnesses as larger than a football field with brilliant lights. It was also videotaped by many. Witnesses say it made no noise. Symington was governor at the time, and not only did he never publicly mention that he saw it, but there are many who feel he ridiculed those who did. The governor held a news conference after the sightings in which he claimed the case had been solved. At that point, a man in an alien costume walked into the room. That "alien" was his chief of staff. The creators of a film about UFOs called "Out of the Blue" contacted Symington because they are updating their documentary. After being asked questions about the 1997 episode, Symington told the filmmakers that he did indeed see the UFO but said nothing publicly, in part, because he didn't want to scare Arizonans. Symington [says] what he saw in the sky that night was "otherworldly" and he believes it was an "alien spacecraft." He is a U.S. Air Force veteran who served in Vietnam and is highly doubtful it was some secret military craft.
Note: For a three-minute CNN video interview with the ex-governor, click here. For the CNN transcript, click here. If you are at all open to the possibility of UFOs, the film mentioned in this article, Out of the Blue, is a powerful, amazing collection of reliable information and video clips on UFOs which was aired on the Sci-Fi channel and ended up being its most watched episode. To watch this incredible documentary free, click here.
Toyota Prius owners tend to be a proud lot since they drive the fuel-efficient hybrid gas-electric car that's ... one of the hottest-selling vehicles in America. A few, however, felt that good was not good enough. They've made "improvements" even though the modifications voided parts of their warranties. Why? Five words: one hundred miles per gallon. "We took the hybrid car to its logical conclusion," [Felix] Kramer says, by adding more batteries and the ability to recharge by plugging into a regular electrical socket at night. Compared with the Prius' fuel efficiency of 50 mpg, plug-in hybrids use half as much gasoline by running more on cleaner, cheaper, domestic electricity. These trendsetters monkeyed with the car ... to make a point: If they could make a plug-in hybrid, the major car companies could, too. Kramer ... and a cadre of volunteers formed the California Cars Initiative (online at calcars.org). They added inexpensive lead-acid batteries ... giving the car over 100 mpg in local driving and 50 to 80 mpg on the highway. The cost of conversion is about $5,000 for a do-it-yourselfer. Several small companies like EnergyCS ... started doing small numbers of conversions for fleets and government agencies using longer-lasting, more energy-dense lithium-ion batteries. Kramer hired EnergyCS to convert his Prius and reported on a typical day of driving. Compared with driving his Prius before the conversion, he ... spewed out two-thirds less greenhouse gases at a total cost of $1.76 for electricity and gasoline, instead of the $3.17 it would have required on gasoline alone. People want plug-in hybrids but can't get them. Dealers don't sell them yet, and the few conversion services cater to fleets.
Note: For a video and educational package to guide those who want to build a 100 mpg car, see www.eaa-phev.org. For why the car companies with their massive budgets haven't developed cars like this, click here.
Let's say your teenager is a habitual truant and there is nothing you can do about it. A Washington area politician thinks he might have the solution: Fit the child with a Global Positioning System chip, then have police track him down. "It allows them to get caught easier," said Maryland Delegate Doyle Niemann (D-Prince George's), who recently co-sponsored legislation in the House that would use electronic surveillance as part of a broader truancy reduction plan. "It's going to be done unobtrusively. The chips are tiny and can be put into a hospital ID band or a necklace." Niemann's legislation mirrors a bill sponsored by state Sen. Gwendolyn Britt (D-Prince George's). Both would provide truants and their parents with better access to social services, such as mental health evaluations and help with schoolwork. Electronic monitoring would be a last resort. Still, the prospect of tagging children and using them in some "catch and release" hunt by police casts a pall over everything that's good about the plan. Odd how billions and billions of dollars keep going to a war that almost nobody wants, but there's never enough to fund the educational programs that nearly everybody says are needed. Aimed solely at students in Prince George's — the only predominantly black county in the Washington area — the truancy effort is called a "pilot program," a first-of-its-kind experiment. It would cost $400,000 to keep track of about 660 students a year.
Note: For more reliable information on the push to microchip the entire population, click here.
A disturbing recent phenomenon in Washington is that laws that strike to the heart of American democracy have been passed in the dead of night. So it was with a provision quietly tucked into the enormous defense budget bill at the Bush administration’s behest that makes it easier for a president to override local control of law enforcement and declare martial law. The provision, signed into law in October, weakens two obscure but important bulwarks of liberty. One is the doctrine that bars military forces, including a federalized National Guard, from engaging in law enforcement. The other is the Insurrection Act of 1807, which ... essentially limits a president’s use of the military in law enforcement to putting down lawlessness, insurrection and rebellion, where a state is violating federal law or depriving people of constitutional rights. The newly enacted provisions upset this careful balance. The president may now use military troops as a domestic police force in response to a natural disaster, a disease outbreak, terrorist attack or to any “other condition.” Changes of this magnitude should be made only after a thorough public airing. But these new presidential powers were slipped into the law without hearings or public debate. The president made no mention of the changes when he signed the measure, and neither the White House nor Congress consulted in advance with the nation’s governors.
Within five years, solar power will be cheap enough to compete with carbon-generated electricity. In a decade, the cost may have fallen so dramatically that solar cells could undercut oil, gas, coal and nuclear power by up to half. Anil Sethi, the chief executive of the Swiss start-up company Flisom, says he looks forward to the day - not so far off - when entire cities in America and Europe generate their heating, lighting and air-conditioning needs from solar films on buildings with enough left over to feed a surplus back into the grid. The secret? A piece of dark polymer foil, as thin a sheet of paper. It is so light it can be stuck to the sides of buildings. It can be mass-produced in cheap rolls like packaging - in any colour. The "tipping point" will arrive when the capital cost of solar power falls below $1 (51p) per watt, roughly the cost of carbon power. The best options today vary from $3 to $4 per watt - down from $100 in the late 1970s. Mr Sethi believes his product will cut the cost to 80 cents per watt within five years, and 50 cents in a decade. "We don't need subsidies, we just need governments to get out of the way and do no harm," he said. Solar use [has] increased dramatically in Japan and above all Germany, where Berlin's green energy law passed in 2004 forces the grid to buy surplus electricity from households at a fat premium. The tipping point in Germany and Japan came once households [understood] that they could undercut their unloved utilities. Credit Lyonnais believes the rest of the world will soon join the stampede. Needless to say, electricity utilities are watching the solar revolution with horror.
Note: Why is this inspiring, important news getting so little press coverage? And why not more solar subsidies? For a possible answer, click here. And for an amazing new energy source not yet reported in the major media which could make even solar energy obsolete, click here.
Some 18,000 children die every day because of hunger and malnutrition and 850 million people go to bed every night with empty stomachs, a "terrible indictment of the world in 2007," the head of the U.N. food agency said. James Morris called for students and young people, faith-based groups, the business community and governments to join forces in a global movement to alleviate and eliminate hunger — especially among children. Morris, an American businessman and former president [of] the Indianapolis-based Lilly Endowment, one of the largest charitable organizations in the U.S., ... said that while the percentage of people who are hungry and malnourished has decreased from a fifth of the world's population to a sixth of the population, the actual number of hungry people is growing by about 5 million people a year because of the rising population. "Today 850 million people are hungry and malnourished. Over half of them are children," Morris said. Morris said the largest number of malnourished children are in India — more than 100 million — followed by nearly 40 million in China. Elsewhere, there are probably 100 million hungry children in the rest of Asia, another 100 million in Africa where countries have fewer resources to help, and 30 million in Latin America, he said.
Note: Why aren't more people supporting programs to stop starvation in our world. Do we care? Do you care? For one way you personally can help without spending any money, click here.
In the late spring of 1933, concentration camps such as Dachau were generating headlines reporting great brutality. Nonetheless, GM and Germany began a strategic business relationship. General Motors World, the company house organ, covered [a 1934] May Day event glowingly in a several-page cover story, stressing Hitler's boundless affinity for children. The next day, May 2, 1934, after practicing his sieg heil in front of a mirror, [President of GM Overseas Corp. James] Mooney ... went to meet Hitler. As Mooney traversed the long approach to Hitler's desk, he began to pump his arm in a stern-faced sieg heil. This was ... one of many contacts between the Nazis and GM officials that are spotlighted in thousands of pages of little-known and restricted Nazi-era and New Deal-era documents. The biggest automotive manufacturer in Germany -- indeed in all of Europe -- was General Motors, which since 1929 had owned and operated the longtime German company Opel. A few weeks after the [Hitler meeting], General Motors World effusively recounted ... "Hitler is a strong man, well fitted to lead the German people. He is leading them, not by force or fear, but by intelligent planning." In 1937, almost 17 percent of Opel's Blitz trucks were sold directly to the Nazi military. That military sales figure was increased to 29 percent in 1938. In 1938, just months after the Nazi annexation of Austria, Mooney, head of GM's overseas operations, received the German Eagle with Cross, the highest medal Hitler awarded to foreign commercial collaborators and supporters.
[Book Review of] Medical Apartheid: The Dark History of Medical Experimentation on Black Americans From Colonial Times to the Present. Harriet Washington opens the door on the torture room in "Medical Apartheid". Experimental operations on the skulls of slave children, Washington writes, were a favorite pursuit of a particularly sadistic South Carolinian doctor named J. Marion Sims, widely revered today as the "father of gynecology." For years, Sims experimented on a group of slave women, to whom he refused anesthesia. The most notorious post-slavery racial crime of American medicine [was] the Tuskegee Syphilis Study, conducted by the U.S. Public Health Service between 1932 and 1972. More than 100 black subjects ... were denied treatment, even and especially after the discovery of penicillin in 1943. The research required that they suffer and die, the more slowly the better. Tuskegee was hardly unique. The Rockefeller Institute ... conducted a study in 1910 that saw 470 black syphilitics injected with a deadly strain of malaria. Black Americans were also disproportionately used ... as subjects in government inquiries into the effects of radiation. Washington's chilling history ends with contemporary case studies. At the Incarnation Children's Center in New York, Columbia University doctors continue to administer experimental AIDS drugs to minority orphans, even after many develop painful and debilitating reactions. As for current clinical trials in Africa, Washington describes the continent as the new "laboratory for the West," where unsuspecting patients regularly receive experimental therapies that might never receive state sanction in the United States or Europe.
Note: For more reliable, verifiable information on major corruption in the health industry, click here. It's also interesting to not that no other major media chose to review this important book.
The drug maker Eli Lilly has engaged in a decade-long effort to play down the health risks of Zyprexa, its best-selling medication for schizophrenia, according to hundreds of internal Lilly documents and e-mail messages among top company managers. The documents ... show that Lilly executives kept important information from doctors about Zyprexa’s links to obesity and its tendency to raise blood sugar — both known risk factors for diabetes. Lilly’s own published data, which it told its sales representatives to play down in conversations with doctors, has shown that 30 percent of patients taking Zyprexa gain 22 pounds or more after a year on the drug, and some patients have reported gaining 100 pounds or more. But Lilly was concerned that Zyprexa’s sales would be hurt if the company was more forthright about the fact that the drug might cause unmanageable weight gain or diabetes, according to the documents, which cover the period 1995 to 2004. Zyprexa has become by far Lilly’s best-selling product, with sales of $4.2 billion last year, when about two million people worldwide took the drug. Critics, including the American Diabetes Association, have argued that Zyprexa, introduced in 1996, is more likely to cause diabetes than other widely used schizophrenia drugs. As early as 1999, the documents show that Lilly worried that side effects from Zyprexa, whose chemical name is olanzapine, would hurt sales. “Olanzapine-associated weight gain and possible hyperglycemia is a major threat to the long-term success of this critically important molecule,” Dr. Alan Breier wrote in a November 1999 e-mail message to two-dozen Lilly employees.
Note: For lots more on corporate corruption from reliable sources, click here.
The Taliban ... briefly banned poppy cultivation in 2000 in an effort to gain U.S. diplomatic recognition and aid. When the Bush administration invaded Afghanistan in October 2001, poppies were grown on only 7,600 hectares. Under the American occupation ... poppy cultivation spread to every province, and overall production has increased exponentially ever since -- this year by 60 percent. Within Afghanistan, where perhaps 3 million people draw direct income from poppy, profits may reach $3 billion this year. In-country profit adds up to an estimated 60 percent of Afghanistan's gross domestic product, or more than half the country's annual income. Afghanistan provides 92 percent of the world's heroin. Through many administrations, the U.S. government has been implicated in the Afghan drug trade. Before the American and Pakistani-sponsored mujahedeen took on the Soviets in 1979, Afghanistan produced a very small amount of opium for regional markets, and no heroin at all. By the end of the jihad against the Soviet army, it was the world's top producer of both drugs. The CIA made it all possible by providing legal cover for these operations. The United States [encouraged] Islamist extremists (then "our" soldiers) and ... set the stage for the Taliban. [Currently,] President Hamid Karzai['s] strategy is to avoid confrontation, befriend potential adversaries and give them offices, often in his Cabinet. The trade penetrates even the elected Parliament. Among the 249 members of the Wolesi Jirga (lower house) are at least 17 known drug traffickers, in addition to 40 commanders of armed militias, 24 members of criminal gangs, and 19 men facing serious allegations of war crimes.
Note: Could it be that some U.S. officials are turning a blind eye, or even supporting this drug trade? For some very strong evidence of this from a former award-winning DEA agent turned journalist and author, click here.
The Secretary of the Treasury ... is required annually to submit financial statements for the U.S. government to the President and the Congress. GAO is required to audit these statements. Certain material weaknesses in financial reporting and other limitations on the scope of our work resulted in conditions that continued to prevent us from expressing an opinion on the accompanying consolidated financial statements for the fiscal years ended September 30, 2006 and 2005. The federal government did not maintain effective internal control over financial reporting. While we are unable to express an opinion ... the following key items deserve emphasis. The U.S. government’s total reported liabilities, net social insurance commitments, and other fiscal exposures continue to grow and now total approximately $50 trillion, representing approximately four times the Nation’s total output (GDP) in fiscal year 2006, up from about $20 trillion, or two times GDP in fiscal year 2000. The retirement of the“baby boom” generation is [also] closer to becoming a reality with the first wave of boomers eligible for early retirement under Social Security in 2008. It seems clear that the nation’s current fiscal path is unsustainable and that tough choices by the President and the Congress are necessary in order to address the nation’s large and growing long-term fiscal imbalance. Other material weaknesses were the federal government’s inability to: determine the full extent to which improper payments exist; identify and resolve information security control weaknesses; and effectively manage its tax collection activities.
Note: The full 172-page report is available here. Why didn't any of the media cover this eye-opening report? Is the fact that the national debt has risen 150% since 2000 not news? For a possible answer, click here. To learn of the trillions of unaccounted for dollars in the military, click here.
Economist Muhammad Yunus ... received the Nobel Peace Prize on Sunday for his efforts to relieve poverty as a cornerstone for building peace. Yunus, 66, often called the banker to the poor, shared the coveted award with his creation, Grameen Bank, for helping people, even beggars, rise above poverty by giving them microcredit — small, usually unsecured loans. The Bangladeshi economist is the developer and founder of the concept of microcredit. In his Nobel lecture Yunus said the world must overcome poverty if it ever wants to achieve peace. "We must address the root causes of terrorism to end it for all time to come. I believe that putting resources into improving the lives of the poor people is a better strategy than spending it on guns," he said. Grameen Bank, set up in 1983, was the first lender to provide microcredit, giving very small loans to poor Bangladeshis who did not qualify for loans from conventional banks. No collateral is needed, and repayment is based on an honour system, with nearly a 100 percent repayment rate. Yunus said the idea has spread around the world, with similar programmes in almost every country. "Grameen Bank gives loans to nearly seven million poor people, 97 per cent of them are women, in 73,000 villages in Bangladesh," said Yunus. Villagers, many of whom have benefited from Grameen Bank's small-loan programs [watched the Nobel ceremony] in groups at local shops. "We are so happy, wish we could all have gone there," said Samida Begum, talking by telephone from Kelia village. Begum runs a phone call shop started with a Grameen Bank loan almost 18 years ago. Her family also owns a poultry shop started with a loan from Grameen.
Note: If you are interested in a wonderful, empowering, secure vehicle in which to place your investments that helps to directly pull families out of poverty in a big way through microcredit and microloans, click here.
Stock sales by America's corporate leaders exceeded purchases last month by the widest ratio in nearly 20 years. Executives sold $63.18 of shares for every $1 they bought in November, the largest ratio since at least January 1987. U.S. securities laws require company executives and directors to disclose stock purchases or sales within two business days. Insiders sold $8.4 billion in shares last month, according to data compiled from SEC filings. Buying was ... $133 million. The overall insider-selling amount was the fifth-highest since 1987. Selling peaked at $13.9 billion in March 2000. The data have "value for investors," said Wayne Reisner at Carret Asset Management in New York. "It's people who are very familiar with their company and their stock." Insiders executed 6.34 sales transactions for each purchase transaction in the eight weeks ended Dec. 1. That's up from 2.45 in the period ended Aug. 4 and above the ratio of 2.25 he considers neutral for the market. Microsoft ranked first among U.S. companies, with $594.2 million in sales by insiders in November. Seagate Technology and DreamWorks Animation SKG Inc. ranked second and third, at $311.8 million and $224.2 million, respectively. Google Inc. was fourth, at $182.1 million.
Note: Isn't it interesting that the NASDAQ stock index reached it's all-time high in March 2000, the exact month executive stock selling hit its record, and just prior to the huge NASDAQ crash. Is it possible that corporate executives knew something the rest of us didn't?
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.