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.
The most intriguing secrets of the "war on terror" have nothing to do with al-Qaeda and its fellow travelers. They're about the mammoth private spying industry that all but runs U.S. intelligence operations today. In April, Director of National Intelligence Mike McConnell was poised to publicize a year-long examination of outsourcing by U.S. intelligence agencies. But the report was inexplicably delayed -- and suddenly classified a national secret. What McConnell doesn't want you to know is that the private spy industry has succeeded where no foreign government has: It has penetrated the CIA and is running the show. Over the past five years (some say almost a decade), there has been a revolution in the intelligence community toward wide-scale outsourcing. Private companies now perform key intelligence-agency functions, to the tune ... of more than $42 billion a year. Intelligence professionals [say] that more than 50 percent of the National Clandestine Service (NCS) -- the heart, brains and soul of the CIA -- has been outsourced to private firms such as Abraxas, Booz Allen Hamilton, Lockheed Martin and Raytheon. These firms recruit spies, create non-official cover identities and control the movements of CIA case officers. They also provide case officers and watch officers at crisis centers and regional desk officers who control clandestine operations worldwide. As The Los Angeles Times first reported last October, more than half the workforce in two key CIA stations -- Baghdad and Islamabad, Pakistan -- is made up of industrial contractors, or "green badgers," in CIA parlance. Intelligence insiders say that entire branches of the NCS have been outsourced to private industry.
Federal agents do not need a search warrant to monitor a suspect's computer use and determine the e-mail addresses and Web pages the suspect is contacting, a federal appeals court ruled Friday. In a drug case from San Diego County, the Ninth U.S. Circuit Court of Appeals in San Francisco likened computer surveillance to the "pen register" devices that officers use to pinpoint the phone numbers a suspect dials, without listening to the phone calls themselves. In Friday's ruling, the court said computer users should know that they lose privacy protections with e-mail and Web site addresses when they are communicated to the company whose equipment carries the messages. The search is no more intrusive than officers' examination of a list of phone numbers or the outside of a mailed package, neither of which requires a warrant, Judge Raymond Fisher said in the 3-0 ruling. Defense lawyer Michael Crowley disagreed. His client, Dennis Alba, was sentenced to 30 years in prison after being convicted of operating a laboratory in Escondido that manufactured the drug ecstasy. Some of the evidence against Alba came from agents' tracking of his computer use. The court upheld his conviction and sentence. Expert evidence in Alba's case showed that the Web addresses obtained by federal agents included page numbers that allowed the agents to determine what someone read online, Crowley said. The ruling "further erodes our privacy," the attorney said. "The great political marketplace of ideas is the Internet, and the government has unbridled access to it."
Note: So now every email you send and read can be monitored legally. Why didn't this make news headlines?
The Center for Disease Control's main mission is to prevent disease, and the agency has been credited with some terrific strides in public health. But a startling analysis from Congress says the CDC is squandering hundreds of millions of ... tax dollars. To talk about fat in the CDC budget, you can start 2,000 miles away in Hollywood, where CDC pays a liaison to help TV dramas and soap operas write accurate medical plots. The service is free of charge to Tinseltown moguls, through the generosity of $1.7 million of ... tax dollars. There's the new $109 million headquarters filled with nearly $10 million in furniture, which the report says works out to $12,000 per person in the building. A top Democrat, Sen. Thomas Harkin, gets his name on the new $106 million communications and visitors center, complete with waterfalls, plasma TV's and more. The $200,000 fitness center rivals the most posh private clubs with $30,000 saunas, "quiet rooms" and "zero gravity chairs" complete with "mood-enhancing light shows" for stressed out employees. As for disease prevention, your money's being spent there too, but too often with disappointing results, says the report. The CDC spent $5 billion over seven years on AIDS prevention, but the infection rate didn't drop a bit. After it spent $269 million tax dollars on an effort to eliminate syphilis, syphilis rates went up 68 percent.
Note: For key reports on government corruption from reliable sources, click here.
In school, Anas Mohammadu's mates call him "horror" and make fun of him. But Anas is lucky to be alive. Other children who were used in the controversial 1996 drug trial by US pharmaceutical giant Pfizer died. Anas, then only three years old, was the first child to be given the experimental antibiotic Trovan at the Infectious Diseases Hospital, Kano, during the drug trial. Pfizer tested the then unregistered drug in Nigeria's north-western Kano State during an outbreak of meningitis which had affected thousands of children. Officials in Kano say more than 50 children died in the experiment, while many others developed mental and physical deformities. But Pfizer says only 11 of the 200 children used in the drug trial died. Following pressure from rights groups and families affected by the trial, the Nigerian government set up an expert medical panel to review the drug trial. The experiment was "an illegal trial of an unregistered drug", the Nigerian panel concluded, and a "clear case of exploitation of the ignorant". After more than a decade of silence, the Nigerian government has decided to sue Pfizer, seeking $7bn (Ł3.5bn) in damages for the families of children who allegedly died or suffered side-effects in the experiment. Kano State government has also filed separate charges against Pfizer.
Note: Pfizer settled the case out of court, as reported by BBC at this link.
As states begin to require that drug companies disclose their payments to doctors for lectures and other services, a pattern has emerged: psychiatrists earn more money from drug makers than doctors in any other specialty. How this money may be influencing psychiatrists and other doctors has become one of the most contentious issues in health care. For instance, the more psychiatrists have earned from drug makers, the more they have prescribed a new class of powerful medicines known as atypical antipsychotics to children, for whom the drugs are especially risky and mostly unapproved. Vermont officials disclosed Tuesday that drug company payments to psychiatrists in the state more than doubled last year, to an average of $45,692 each from $20,835 in 2005. Antipsychotic medicines are among the largest expenses for the state’s Medicaid program. Over all last year, drug makers spent $2.25 million on marketing payments, fees and travel expenses to Vermont doctors, hospitals and universities, a 2.3 percent increase over the prior year, the state said. The number most likely represents a small fraction of drug makers’ total marketing expenditures to doctors since it does not include the costs of free drug samples or the salaries of sales representatives and their staff members. According to their income statements, drug makers generally spend twice as much to market drugs as they do to research them. Endocrinologists received the second largest amount, according to the Vermont analysis, earning an average of $33,730. Since the state identified the specialties of only the top 100 earners, these averages represent the money earned by only some of the state’s specialists. There were 11 psychiatrists and 5 endocrinologists in that top group of 100.
Note: For much more reliable, verifiable information on corruption in the pharmaceutical industry, click here.
At the Republican debate, almost all the candidates said that they would not rule out a nuclear attack on Iran as a means to prevent it from getting its own nuclear weapons. Only one [candidate] would say that attacking Iran -- indeed even threatening to nuke Iran -- is not the right strategy. "We have to come to our senses about this issue of war and preemption," he said. The audience applauded, but he didn't get much support from his fellow candidates. Rep. Duncan Hunter of California was the starkest: "I would authorize the use of tactical nuclear weapons if there was no other way to preempt those particular centrifuges," he said. Former New York Mayor Rudolph Giuliani ... added that "you can't rule out anything and you shouldn't take any option off the table." Former Virginia Gov. Jim Gilmore also [stated] "all options are on the table" with regard to Iranian nuclear weapons. Said former Massachusetts Gov. Mitt Romney: "I wouldn't take any options off the table." After the debate, former Sen. Fred Thompson of Tennessee, who did not particpate, added his name to the list of candidates who would consider a preemptive attack against Iran. Only Rep. Ron Paul of Texas, the "Dennis the Menace" of his party, said he opposed a nuclear strike on moral grounds and because he believed Iran "has done no harm to us directly and is no threat to our national security." The Iraq war and the war against terrorism are the central battles of our time, these candidates say. They all profess their faith in God and the United States, and speak of a moral struggle between good and evil, between the United States and "radical Islam." Yet they are not willing to say that nuclear weapons have no place in modern confrontations.
Note: For what a top US general has to say about war manipulations, click here.
On what should [have been] a happy day of fundraising in the four boroughs of New York City ... for Rudy Giuliani's 63rd birthday, a few protestors ruined his first event. At City Island's Sea Shore Restaurant in the Bronx, a young woman named Sabrina approached the Mayor with a prepared question, reading it word for word off of a notepad. "You reported to Peter Jennings on 9/11 that the World Trade Center towers were going to collapse. No steel structure in history has ever collapsed due to fire. How come the people in the buildings weren't notified and who else knew about this? How do you sleep at night?" Matthew Lepaceak, who stood on the other side of Giuliani, joined in. "But you said on ABC video with Peter Jennings in an interview that you were aware the towers were going to collapse in advance. Who told you the towers were going to collapse in advance, sir?" During this time, Giuliani had an incredulous look on his face, completely caught off guard. The statement they were referring to is from a phoner Giuliani had with Jennings. "We set up headquarters at 75 Barclay Street which was right there with the police commissioner and the fire commissioner, the head of emergency management, and we were operating out of there when we were told the World Traded Center was going to collapse." After being interrupted again, Giuliani responded with an explanation. "Our understanding was that over a long period of time, the way other buildings collapse, the towers could collapse. Meaning over a seven-, eight-, nine-, ten-hour period. No one that I knew of had any idea that they would implode. That was a complete surprise."
Note: To view a video clip of Rudy Giuliani describing how he was told of the Towers' collapse ahead of time, click here. To watch him deny what he said on this clip, watch this one. When so many have said no one could have predicted the fall of the towers, how is it that Giuliani knew otherwise -- and then denied ever knowing it?
The Pentagon has placed unprecedented restrictions on who can testify before Congress, reserving the right to bar lower-ranking officers, enlisted soldiers, and career bureaucrats from appearing before oversight committees or having their remarks transcribed. The guidelines, described in an April 19 memo to the staff director of the House Armed Services Committee, adds that all field-level officers and enlisted personnel must be "deemed appropriate" by the Department of Defense before they can participate in personal briefings for members of Congress or their staffs. In addition, according to the memo, the proceedings must not be recorded. Any officers who are allowed to testify must be accompanied by an official from the administration. Veterans of the legislative process -- who say they have never heard of such guidelines before -- maintain that the Pentagon has no authority to set such ground rules. A Pentagon spokesman confirmed that the guidelines are new. The memo has fueled complaints that the Bush administration is trying to restrict access to information about the war in Iraq. [A] special House oversight panel, according to aides, has written at least 10 letters to the Pentagon since February seeking information and has received only one official reply. Nor has the Pentagon fully complied with repeated requests for all the monthly assessments of Iraqi security forces.
Note: When the military begins to control the legislative, democracy begins to shift towards dictatorship. And for reliable information how the Pentagon cannot account for hundreds of billions of dollars, click here.
An audit of last November’s general election in the Cleveland area has found that hundreds of votes were lost, that others were recorded twice and that software used to count the ballots was vulnerable to data problems. In a state that was pivotal to President Bush’s election and re-election, Cuyahoga County, which includes Cleveland, has seen more than its share of recent election troubles. Lines at polls there were hours long in the 2004 general election. And in the primaries last May, the county’s first experience with electronic voting, poll workers were absent or poorly trained, computer cards on which votes had been recorded were lost, and one polling place opened hours late. The audit found that some batches of ballots registered in optical scan machines had been scanned twice, producing a double count of those ballots. Other ballots were deleted because of flawed data and, owing to human error, were not rescanned, the committee found. The optical scan and touch-screen machines used in the county were made by Diebold Election Systems Inc. The audit committee said Microsoft’s JET file-sharing database system, which Diebold used, was known to have previously had problems that could result in corruption of the database. The audit committee was allowed only a limited review of the data collected by Diebold. The panel tried to gain access to the raw data, but Diebold claimed that the information was proprietary. Barbara Simons, a ... past president of the Association for Computing Machinery, said: “There is no excuse for Diebold’s having used such an insecure and unreliable database. There were far more reliable databases available over 20 years ago.” The committee called for extensive changes to ensure the integrity of future elections, among them streamlining the process by eliminating either optical scanner or touch-screen machines.
Note: For major media stories revealing the critical state of the US electoral system, click here.
The depositions of the parents of Columbine killers Eric Harris and Dylan Klebold will be kept under seal in the National Archives for 20 years, a federal judge ruled Monday. No one, including violence prevention experts, will be able to see them until they are unsealed, U.S. District Judge Lewis Babcock ruled. They will be kept permanently in the National Archives, where they are considered to be of historical value. The depositions of the parents took place in 2003 in connection with a lawsuit filed by the families of five slain Columbine High School students. Brian Rohrbough, the father of slain student Daniel Rohrbough, said he was angered by the ruling. Rohrbough, who watched as attorneys interviewed the parents during the deposition sessions, said there is nothing in them that would cause any harm. Instead, their release could prevent further school shootings, he said. Rohrbough is under court order not to divulge details. "There is no rational reason to lock them up," Rohrbough said. "It's just the idea that it would be OK in 20 years, and can't be OK today."
Note: Why all the secrecy? Could it be to hide evidence showing it could have been stopped?
Our collective failure has been to take our political leaders at their word. This week the BBC reported that the government's own scientists advised ministers that the Johns Hopkins study on Iraq civilian mortality was accurate and reliable. Published in the Lancet ...it estimated that 650,000 Iraqi civilians had died since the American and British led invasion in March 2003. Immediately after publication, the prime minister's official spokesman said that the Lancet's study "was not one we believe to be anywhere near accurate". The foreign secretary ... said that the Lancet figures were "extrapolated" and a "leap". President Bush said: "I don't consider it a credible report". Scientists at the UK's Department for International Development thought differently. They concluded that the study's methods were "tried and tested". Indeed, the Johns Hopkins approach would likely lead to an "underestimation of mortality". The Ministry of Defence's chief scientific adviser ... recommended "caution in publicly criticising the study". When these recommendations went to the prime minister's advisers, they were horrified. Tony Blair was advised to say: "The overriding message is that there are no accurate or reliable figures of deaths in Iraq". At a time when we are celebrating our enlightened abolition of slavery 200 years ago, we are continuing to commit one of the worst international abuses of human rights of the past half-century. Two hundred years from now, the Iraq war will be mourned as the moment when Britain violated its delicate democratic constitution and joined the ranks of nations that use extreme pre-emptive killing as a tactic of foreign policy.
Note: This article is written by Richard Horton, the editor of the highly esteemed British medical journal Lancet.
For at least a year before the 2004 Republican National Convention, teams of undercover New York City police officers traveled to cities across the country, Canada and Europe to conduct covert observations of people who planned to protest at the convention, according to police records and interviews. From Albuquerque to Montreal, San Francisco to Miami, undercover New York police officers attended meetings of political groups, posing as sympathizers or fellow activists. They made friends, shared meals, swapped e-mail messages and then filed daily reports with the department’s Intelligence Division. In hundreds of reports stamped “N.Y.P.D. Secret,” the Intelligence Division chronicled the views and plans of people who had no apparent intention of breaking the law. These included members of street theater companies, church groups and antiwar organizations. Three New York City elected officials were cited in the reports. In at least some cases, intelligence on what appeared to be lawful activity was shared with police departments in other cities. In addition to sharing information with other police departments, New York undercover officers were active themselves in at least 15 places outside New York — including California, Connecticut, Florida, Georgia, Illinois, Massachusetts, Michigan, Montreal, New Hampshire, New Mexico, Oregon, Tennessee, Texas and Washington, D.C. — and in Europe. To date, as the boundaries of the department’s expanded powers continue to be debated, police officials have provided only glimpses of its intelligence-gathering.
The Justice Department's inspector general revealed on March 9 that the FBI has been systematically abusing one of the most controversial provisions of the USA Patriot Act: the expanded power to issue "national security letters." It no doubt surprised most Americans to learn that between 2003 and 2005 the FBI issued more than 140,000 specific demands under this provision. It did not, however, come as any surprise to me. Three years ago, I received a national security letter (NSL) in my capacity as the president of a small Internet access and consulting business. The letter ordered me to provide sensitive information about one of my clients. There was no indication that a judge had reviewed or approved the letter, and it turned out that none had. The letter came with a gag provision that prohibited me from telling anyone, including my client, that the FBI was seeking this information. Based on the context of the demand -- a context that the FBI still won't let me discuss publicly -- I suspected that the FBI was abusing its power. Living under the gag order has been stressful and surreal. Under the threat of criminal prosecution, I must hide all aspects of my involvement in the case -- including the mere fact that I received an NSL -- from my colleagues, my family and my friends. When I meet with my attorneys I cannot tell my girlfriend where I am going or where I have been. I hide any papers related to the case in a place where she will not look. When clients and friends ask me whether I am the one challenging the constitutionality of the NSL statute, I have no choice but to look them in the eye and lie. At some point -- a point we passed long ago -- the secrecy itself becomes a threat to our democracy.
Dr. Allan Collins ... is president of the National Kidney Foundation. In 2004 ... the pharmaceutical company Amgen, which makes the most expensive drugs used in the treatment of kidney disease, underwrote more than $1.9 million worth of research and education programs led by Dr. Collins. In 2005, Amgen paid Dr. Collins at least $25,800, mostly in consulting and speaking fees. The payments to Dr. Collins and the research center ... come from Minnesota, the first of a handful of states to pass a law requiring drug makers to disclose payments to doctors. The Minnesota records are a window on the widespread financial ties between pharmaceutical companies and the doctors who prescribe and recommend their products. From [1997] through 2005, drug makers paid more than 5,500 doctors, nurses and other health care workers in the state at least $57 million. More than 100 people received more than $100,000. Research shows that doctors who have close relationships with drug makers tend to prescribe more, newer and pricier drugs — whether or not they are in the best interests of patients. Drug companies “want somebody who can manipulate in a very subtle way,” said Dr. Frederick R. Taylor. Kathleen Slattery-Moschkau, a former sales representative [said] “it all comes down to ways to manipulate the doctors.” Some of the doctors receiving the most money sit on committees that prepare guidelines instructing doctors nationwide about when to use medicines. “It is critical that the experts who write clinical guidelines be prohibited from having any conflicts of interest,” said Dr. Marcia Angell, a former editor of The New England Journal of Medicine.
Note: This article only scratches the surface of legal and illegal corruption by the powerful pharmaceutical industry. If you care about who really controls our health system, don't miss Dr. Marcia Angell's incredibly revealing essay showing the unbelievable wealth and influence of the drug companies available here.
The U.S. current-account deficit is the broadest measure of America's activity in international trade and global finance. It totaled $857 billion last year, the Commerce Department reported last week. For the fifth year in a row, the nation's current-account deficit set a record. As Federal Reserve Chairman Ben Bernanke testified last year before Congress: "The immediate implication [of the nation's soaring current-account deficit] is that the U.S. economy is consuming more than it's producing, and the difference is being made up by imports from abroad, which in turn is being financed by borrowing from abroad." Last year's current-account deficit meant that Americans effectively borrowed $3.3 billion every single working day to fund the gap between their spending and their income. The accumulation of ever larger current-account deficits over the past quarter century has played an indispensable role in transforming the United States from the world's largest creditor nation into the planet's biggest debtor nation. Specifically, in 1982, America's net international investment position was a positive $236 billion. That meant that foreigners owed us nearly a quarter of a trillion dollars more than we owed them. At the end of 2005 (the latest year for which data are available), the net international investment position of the United States was a negative $2.55 trillion. In other words, we owed foreigners more than $2.5 trillion than they owed us. Since 1994 alone, America's net international investment position has deteriorated by more than $2.4 trillion.
Note: The Washington Times was the only media source to report on this highly important story. Why? For a possible answer, click here. For more underreported, yet massive government corruption, click here.
Many myths and misconceptions about the AIDS pandemic are spread by the Joint United Nations Program on HIV/AIDS (UNAIDS) and other mainstream AIDS agencies and activists. UNAIDS continues to perpetuate the fallacy that only aggressive HIV/AIDS prevention programs ... can prevent the eruption of heterosexual HIV epidemics. More than two decades of observation and analysis point to far different conclusions -- there are no "next waves" of HIV epidemics just around the corner. UNAIDS and most AIDS activists reject this analysis. However, all available epidemiologic data show that only the highest risk sexual behavior ... drives HIV epidemics among heterosexuals. Most AIDS activists claim, without any supporting data, that high HIV prevalence in groups of men who have sex with men or injecting drug users will inevitably "bridge" over to the rest of the population and lead to "generalized" HIV epidemics. This entrenched myth persists even though there is little, if any, HIV spread into any "general" population. Global and regional HIV rates have remained stable or have been decreasing during the past decade. HIV has remained concentrated in groups with the riskiest behavior. HIV is incapable of epidemic spread among the vast majority of heterosexuals. Most of the public, policymakers and media have no inkling that the UNAIDS working assumption is inconsistent with established facts. Scarce health resources in countries with low HIV prevalence should be targeted primarily at those who are at the highest HIV risk, instead of being misdirected to the wider public.
The FBI man in charge of collecting evidence from the government building destroyed by the Oklahoma bomb has called for the case to be reopened. Former deputy assistant director Danny Coulson ... said a federal grand jury is now needed to find out what really happened. He argues this is the only way to prove whether other people were involved in the bombing in a wider conspiracy beyond Timothy McVeigh and Terry Nichols. Mr Coulson spent 31 years in the FBI. Between 1991 and 1997 he was the deputy assistant director of the Criminal Division of the FBI in Washington, responsible for all violent crime cases in the United States. Mr Coulson said there were some "very strong indicators" that other people were involved with Timothy McVeigh. The FBI interviewed 24 people who claimed to have seen McVeigh in Oklahoma City with someone else on the morning of the attack, yet the only known accomplice of McVeigh, Terry Nichols, was at home in Kansas over 200 miles away on that day. The FBI's investigation concluded that the eyewitnesses were unreliable. However, Danny Coulson says they were "extremely credible" and had no reason to make it up. "If only one person had seen it, or two of three, but 24?" he said. "I know FBI headquarters told [agents] to close down the investigation in Elohim City which has some very significant connections to Mr McVeigh. "Never in my career did I have FBI headquarters tell me not to investigate something." Last December a US Congressional report found no conclusive evidence of a wider conspiracy, but the report concluded that "questions remain unanswered and mysteries remain unsolved."
Note: Don't miss a highly revealing four-minute video-clip showing live media coverage of the Oklahoma City bomb available here. The official story is that one truck with a huge bomb was parked in front of the Oklahoma City federal building and only Timothy McVeigh and his partner were involved. The news footage proves that others must have been involved, as multiple unexploded bombs were recovered from points inside the building. Yet none of this was questioned in later testimony.
Daniel Tammet is an autistic savant. He can perform mind-boggling mathematical calculations at breakneck speeds. But unlike other savants, who can perform similar feats, Tammet can describe how he does it. He speaks seven languages and is even devising his own language. Now scientists are asking whether his exceptional abilities are the key to unlock the secrets of autism. Ever since the age of three, when he suffered an epileptic fit, Tammet has been obsessed with counting. Now he is 26, and a mathematical genius who can figure out cube roots quicker than a calculator and recall pi to 22,514 decimal places. He also happens to be autistic, which is why he can't drive a car, wire a plug, or tell right from left. Since his epileptic fit, he has been able to see numbers as shapes, colours and textures. The number two, for instance, is a motion, and five is a clap of thunder. "When I multiply numbers together, I see two shapes. The image starts to change and evolve, and a third shape emerges. That's the answer. An estimated 10% of the autistic population - and an estimated 1% of the non-autistic population - have savant abilities, but no one knows exactly why. A number of scientists now hope that Tammet might help us to understand better. The blind American savant Leslie Lemke played Tchaikovsky's Piano Concerto No1, after he heard it for the first time, and he never had so much as a piano lesson. And the British savant Stephen Wiltshire was able to draw a highly accurate map of the London skyline from memory after a single helicopter trip over the city. Even so, Tammet could still turn out to be the more significant.
Note: Could the human mind be much more powerful than even science is willing to admit? For an astounding documentary showing how this unusual man managed to become conversant in a difficult language in one week and lots more, click here.
In the two decades since private equity firms first stormed the business world, they've been called a lot of things, from raiders to barbarians. But only [the Carlyle Group] has been tagged in the popular imagination with warmongering, treason, and acting as cold-eyed architects of government conspiracies. Carlyle, founded 20 years ago in the shadow of Washington's power centers, long went about its business far from the public eye. Its ranks were larded with the politically connected, including former Presidents, Cabinet members, even former British Prime Minister John Major. It used its partners' collective relationships to build a lucrative business buying, transforming, and selling companies -- particularly defense companies that did business with governments. Carlyle's radical makeover has turned the firm into the biggest fund-raising juggernaut the private equity world has ever seen. By the end of this year it expects to have an unprecedented $85 billion in investor commitments under management, up sixfold from 2001 and more than any other firm. [Founder David] Rubenstein sees the total swelling to as much as $300 billion by 2012. Make no mistake -- Carlyle is already massive. It owns nearly 200 companies that generate a combined $68 billion in revenue and employ 200,000 people. Last year it bought a new company approximately once every three days and sold one almost once a week -- all while dabbling in increasingly esoteric investments. Since its founding in 1987 it has generated annualized after-fee returns of 26%, compared with the industry average in the mid-teens.
Note: With former presidents including George H.W. Bush and many other top world politicians helping to sway huge military contracts, could this be considered a form of insider trading? Those 26% yearly returns are placing our tax monies in the hands of individuals and companies that are already among the wealthiest in the world. For lots more on manipulation of your tax money, click here. And for a Washington Post article showing Osama Bin Laden's brother met with George H.W. Bush at a Carlyle meeting one day before 9/11, click here.
A House committee report on Tuesday questioned whether some of the billions of dollars in cash shipped to Iraq after the American invasion — mostly in huge, shrink-wrapped stacks of $100 bills — might have ended up with the insurgent groups now battling American troops. Democrats sharply questioned the former American civilian administrator in Iraq, L. Paul Bremer III, about lax management of the nearly $12 billion in cash shipped to Iraq between May 2003 and June 2004. Mr. Bremer defended his performance as head of the Coalition Provisional Authority in Iraq, noting that the United States had to bring tons of American dollars into Iraq because the country had no functioning banking system. Government auditors have repeatedly criticized the American and Iraqi governments for failing to monitor the money once it reached Iraq. “We have no way of knowing if the cash that was shipped into the Green Zone ended up in enemy hands,” [Committee Chairman Henry Waxman] said. “We owe it to the American people to do everything we can to find out where the $12 billion went.” Mr. Waxman, whose panel is pursuing investigations of fraud and abuse by the federal government and its contractors in Iraq, said he found it remarkable that the Bush administration had decided to send billions of dollars of American currency into Iraq so quickly after the United States occupied the country. The committee calculated that the $12 billion in cash, most of it in the stacks of $100 bills, weighed 363 tons and had to been flown in on wooden pallets aboard giant C-130 military cargo planes. “Who in their right mind would send 360 tons of cash into a war zone?” Mr. Waxman said.
Note: Think about Bremer's assertion that Iraq needed U.S. dollars as the banking system had collapsed. Banking systems have collapsed in numerous countries in the last century, yet that has never stopped the country from functioning, nor has the U.S. ever offered to send huge amounts of cash to help out in the past.
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.