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Revealing News For a Better World

News Articles
Excerpts of Key News Articles in Major Media


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

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


Wall Street legend Bernard Madoff arrested over '$50 billion Ponzi scheme'
2008-12-12, Times of London
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5331997.ece

Shock and panic spread through the country clubs of Palm Beach and Long Island after Bernard L Madoff, a trading powerbroker for over four decades, allegedly confessed to a massive fraud that will cost his wealthy investors at least $50 billion, perhaps the largest swindle in Wall Street history. Mr Madoff, 70, a former Nasdaq stock chairman, was apparently turned in by his two sons and arrested on Thursday morning at his Manhattan apartment by the FBI. The FBI claims that three senior employees of Mr Madoff's investment firm - once a towering presence on Wall Street - turned up at his apartment on Wednesday to ask questions about the company's solvency. Two of them are believed to be his sons, Andrew and Mark, who have worked for their father for two decades. Mr Madoff told them that he was "finished", that he had "absolutely nothing", and that "it's all just one big lie". He said the investment arm of his firm was "basically a giant Ponzi scheme," and that it had been insolvent for years. A Ponzi scheme, named after the swindler Charles Ponzi, is a fraudulent investment operation that pays abnormally high returns to investors paid from money put into the scheme by subsequent investors, rather from real profits generated by share trading. The FBI complaint states that Mr Madoff told his sons he believed the losses from his scheme could exceed $50 billion. If that is the case, his fraud would be far greater than past Ponzi schemes and easily the greatest swindle perpetrated by one man.

Note: If a former Nasdaq chairman was committing this kind of blatant fraud while still the chairman of Nasdaq, what does it say about the level of corruption on Wall Street? For a treasure trove of reports from reliable sources exposing the realities of the Wall Street corruption, click here.


Canadian leader suspends Parliament to stay in power
2008-12-04, CNN
http://www.cnn.com/2008/WORLD/americas/12/04/canada.crisis/index.html

Canadian Prime Minister Stephen Harper said Thursday that Canada's governor general has allowed him to suspend Parliament, postponing a no-confidence vote from his opponents that he was likely to lose. Harper called on his opponents to work with his government on measures to aid the nation's economy when Parliament returns on January 26. Had Governor General Michaelle Jean -- who represents Britain's Queen Elizabeth II as head of state -- denied Harper's request, Monday's vote would have likely brought down Harper's government, less than two months after his Conservative Party strengthened its minority position in federal elections. The Liberal Party and the leftist New Democratic Party announced plans earlier this week to form a governing coalition with the support of the Bloc Quebecois, which supports independence for French-speaking Quebec. "For the first time in the history of Canada, the prime minister of Canada is running away from the parliament of Canada," said [Liberal Party Leader Stephane] Dion, accusing the premier of placing "partisan politics ahead of the interest of all Canadians." New Democratic Party leader Jack Layton said Harper had used a "maneuver to escape accountability." "He refuses to face the people of Canada through their elected representatives," he said. "The prime minister is choosing to protect his own job rather than focusing on the jobs of Canadians who are being thrown out of work today."

Note: What gives Canada's governor general the right to suspend parliament? The governor general is the representative of the queen of England. Few know that the queen has this power over all commonwealth nations. Canada is not truly independent of England, nor are the other commonwealth nations, including Australia. For more intriguing information on this, click here.


One Man’s Military-Industrial-Media Complex
2008-11-30, New York Times
http://www.nytimes.com/2008/11/30/washington/30general.html?partner=rss&emc=r...

Through seven years of war an exclusive club has quietly flourished at the intersection of network news and wartime commerce. Its members, mostly retired generals, have had a foot in both camps as influential network military analysts and defense industry rainmakers. It is a deeply opaque world, a place of privileged access to senior government officials, where war commentary can fit hand in glove with undisclosed commercial interests and network executives are sometimes oblivious to possible conflicts of interest. Few illustrate the submerged complexities of this world better than Barry McCaffrey. General McCaffrey, 66, has long been a force in Washington’s power elite. A consummate networker, he cultivated politicians and journalists of all stripes as drug czar in the Clinton cabinet, and his ties run deep to a new generation of generals, some of whom he taught at West Point or commanded in the Persian Gulf war. But it was 9/11 that thrust General McCaffrey to the forefront of the national security debate. In the years since he has made nearly 1,000 appearances on NBC and its cable sisters, delivering crisp sound bites in a blunt, hyperbolic style. He commands up to $25,000 for speeches, his commentary regularly turns up in The Wall Street Journal, and he has been quoted or cited in thousands of news articles, including dozens in The New York Times. His influence is such that President Bush and Congressional leaders from both parties have invited him for war consultations. At the same time, General McCaffrey has immersed himself in businesses that have grown with the fight against terrorism.

Note: This in-depth article on the "military-industrial-media complex" is worth reading in its entirety. For lots more on war profiteering from reliable sources, click here.


FDA Draws Fire Over Chemicals In Baby Formula
2008-11-27, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/26/AR20081126003...

Public health groups, consumer advocates and members of Congress blasted the Food and Drug Administration yesterday for failing to act after discovering trace amounts of the industrial chemical melamine in baby formula sold in the United States. "This FDA, this Bush administration, instead of protecting the public health, is protecting industry," said Rep. Rosa DeLauro (D-Conn.), who chairs the Appropriations subcommittee that oversees the FDA budget. "We're talking about babies, about the most vulnerable. This really makes me angry." The FDA found melamine and cyanuric acid, a related chemical, in samples of baby formula made by major U.S. manufacturers. Melamine can cause kidney and bladder stones and, in worst cases, kidney failure and death. If melamine and cyanuric acid combine, they can form round yellow crystals that can also damage kidneys and destroy renal function. Melamine was found in Good Start Supreme Infant Formula With Iron made by Nestle, and cyanuric acid was detected in Enfamil Lipil With Iron infant formula powder made by Mead Johnson. The FDA has been testing hundreds of food products for melamine in the aftermath of a scandal this year involving Chinese infant formula tainted with melamine. Chinese manufacturers deliberately added the chemical to watered-down formula to make it appear to contain higher levels of protein. More than 50,000 Asian infants were hospitalized, and at least four died.

Note: For many reports on government corruption from major media sources, click here.


Legislators taking hard look at oil trading
2008-11-26, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/26/BU70149LTD.DTL

For a few months this summer, the oil market speculator ... helped push oil prices steadily higher, shattering records that had lasted for decades. As oil topped $145 per barrel, Congress started looking for ways to rein the speculators in. Then oil prices plunged, and interest in the issue fizzled. But that may soon change. "This will remain an issue," said Sen. Byron Dorgan, D-N.D., who introduced oil market legislation this year. "Because when the price of oil has gone from $50 to $147 and back, it's clear to me and everyone else that this has nothing to do with supply and demand. It has to do with speculation." Among possible changes, Congress may try to assert more authority over unregulated oil swaps that don't take place on any formal market. Many factors helped shove prices higher, including the growth of China's economy and the decline of the American dollar. But oil kept rising even as gasoline sales fell in the United States, the world's largest oil consumer. That wouldn't have happened if supply and demand really were driving the market, many analysts say. "The entire move from $70 (per barrel) to $147 was people fleeing the dollar and looking at oil as an asset class," said Amy Myers Jaffe, an energy research fellow at Rice University's Baker Institute. "It was speculators, so when they exited the market, we went right back to $70." Speculators are investors who trade in oil or other commodities strictly as a financial investment. They include hedge funds and investment banks as well as retirement funds.

Note: For lots more reports on corporate corruption from reliable sources, click here.


Study Suggests Some Cancers May Go Away
2008-11-25, New York Times
http://www.nytimes.com/2008/11/25/health/25breast.html?partner=rss&emc=rss&pa...

Cancer researchers have known for years that it was possible in rare cases for some cancers to go away on their own. There were occasional instances of melanomas and kidney cancers that just vanished. And neuroblastoma, a very rare childhood tumor, can go away without treatment. But these were mostly seen as oddities — an unusual pediatric cancer that might not bear on common cancers of adults, a smattering of case reports of spontaneous cures. And since almost every cancer that is detected is treated, it seemed impossible even to ask what would happen if cancers were left alone. Now, though, researchers say they have found a situation in Norway that has let them ask that question about breast cancer. And their new study, to be published Tuesday in The Archives of Internal Medicine, suggests that even invasive cancers may sometimes go away without treatment and in larger numbers than anyone ever believed. Robert M. Kaplan, the chairman of the department of health services at the School of Public Health at the University of California, Los Angeles, [is] persuaded by the analysis. The implications are potentially enormous, Dr. Kaplan said. If the results are replicated, he said, it could eventually be possible for some women to opt for so-called watchful waiting, monitoring a tumor in their breast to see whether it grows. “People have never thought that way about breast cancer,” he added. Dr. Kaplan and his colleague, Dr. Franz Porzsolt, an oncologist at the University of Ulm, said in an editorial that accompanied the study, “If the spontaneous remission hypothesis is credible, it should cause a major re-evaluation in the approach to breast cancer research and treatment.”

Note: For reports from major media sources on many hopeful new developments in the battle against cancer, click here.


15 corporate chieftains each top $100 million in 5 years
2008-11-20, Denver Post/Wall Street Journal
http://www.denverpost.com/business/ci_11036514

The credit bubble has burst. The economy is tanking. Investors in the U.S. stock market have lost more than $9 trillion since its peak a year ago. But in industries at the center of the crisis, plenty of top officials managed to emerge with substantial fortunes. Fifteen corporate chieftains of large home-building and financial-services firms each reaped more than $100 million in cash compensation and proceeds from stock sales during the past five years, according to a Wall Street Journal analysis. Four of those executives, including the heads of Lehman Brothers Holdings Inc. and Bear Stearns Cos., ran companies that have filed for bankruptcy protection or seen their share prices fall more than 90% from their peak. The study ... showed that top executives and directors of the firms cashed out a total of more than $21 billion during the period. The issue of compensation and other rewards for corporate executives is front-and-center in the wake of the financial meltdown. In the tech bubble of the late 1990s, more than 50 individuals each made more than $100 million from selling shares just prior to the crash. Many had just founded companies that had never turned a profit. "The system tends to reward people for participating in bubbles," says Roy C. Smith, a finance professor at New York University's business school.

Note: For many revealing reports on the Wall Street bailout from reliable sources, click here.


Sharing Their Demons on the Web
2008-11-12, New York Times
http://www.nytimes.com/2008/11/13/fashion/13psych.html?pagewanted=all&_r=0

Type “mind control” or “gang stalking” into Google, and Web sites appear that describe cases of persecution, both psychological and physical, related with the same minute details. “It was a big relief to find the community,” said Derrick Robinson, 55, a janitor in Cincinnati and president of Freedom from Covert Harassment and Surveillance, a group that claims several hundred regular users of its Web site. Mr. Robinson’s site, Freedomfchs.com ... says its mission is to seek justice for those singled out by “organized stalking and electromagnetic torture." For people who say they are the target of mind control or gang stalking, there may be enough evidence in the scientific literature to fan their beliefs. Many sites point to MK-ULTRA, the code name for a covert C.I.A. mind-control and chemical interrogation program begun in the 1950s. And the users of some sites have found the support of Jim Guest, a Republican state representative in Missouri, who wrote last year to his fellow legislators calling for an investigation into the claims of those who say they are being tortured by mind control. “I’ve had enough calls, some from credible people - professors - being targeted by nonlethal weapons,” Mr. Guest said in a telephone interview, adding that nothing came of his request for a legislative investigation. “They become psychologically affected by it. They have trouble sleeping at night.” He added: “I believe there are people who have been targeted by this.”

Note: For more along these lines, see a Washington Post article on the topic and concise summaries of deeply revealing mind control news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Mind Control Information Center.


A.I.G. Secures $150 Billion Assistance Package
2008-11-11, New York Times
http://www.nytimes.com/2008/11/11/business/11insure.html?partner=rss&emc=rss&...

The American International Group said on Monday that it ... had secured a new $150 billion government assistance package intended to stem the bleeding from its complex financial contracts. A central component of the new package will be to get the most tainted assets out of the company, in an effort to stop the collateral calls that have been rapidly draining A.I.G.’s cash. A.I.G.’s trading partners in these financial contracts will largely be made whole in the process. [An] important feature will be government investments of about $50 billion to create special-purpose entities to relieve the company of its most tainted assets. About $30 billion of the government money will be used to buy complex debt securities that were insured by A.I.G. and about $20 billion more will be used to buy securities backed by home loans. A.I.G.’s counterparties — financial institutions in the United States and Europe — have not borne significant losses on the financial contracts that led A.I.G. to the brink, and the new program suggests they will not. “We’re funding somebody on the other side” of A.I.G.’s derivatives contracts, said Lynn E. Turner, a former chief accountant with the Securities and Exchange Commission. Neither A.I.G. nor the federal government has been willing to provide the names of the company’s biggest counterparties, or their amount of exposure. “We’ve had way too many things here that nobody knows anything about,” said Mr. Turner, who is on the Treasury’s Advisory Committee on the Auditing Profession. “That’s why no one has faith in the capital markets.”

Note: The culture of secrecy around this bailout using nearly $1 trillion of taxpayer money is appalling. For many revealing and reliable reports on the Wall Street bailout, click here.


Fed Defies Transparency Aim in Refusal to Disclose
2008-11-10, Bloomberg News
http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return. Bloomberg News has requested details of the Fed lending under the U.S. Freedom of Information Act and filed a federal lawsuit Nov. 7 seeking to force disclosure. The Fed made the loans under terms of 11 programs, eight of them created in the past 15 months. The Fed's lending is significant because the central bank has stepped into a rescue role that was also the purpose of the $700 billion Troubled Asset Relief Program, or TARP, bailout plan -- without safeguards put into the TARP legislation by Congress. Total Fed lending topped $2 trillion for the first time last week and has risen by 140 percent, or $1.172 trillion, in the seven weeks since Fed governors relaxed the collateral standards on Sept. 14. The nation's biggest banks, Citigroup, Bank of America Corp., JPMorgan Chase, Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley, declined to comment on whether they have borrowed money from the Fed. They received $120 billion in capital from the TARP, which was signed into law Oct. 3.

Note: For many revealing and reliable reports on the Wall Street bailout, click here.


State off course on 'personal genomics'
2008-11-02, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/02/INUO12K51K.DTL

California officials recently ordered two "personal genomics" firms to cease and desist operations within the state. The companies eventually were allowed to continue operations - with a few more regulatory conditions - but why did the state demand that they shut down in the first place? Why would a state that regards itself as progressive and high-tech act to censor what we can know about ourselves? Though regulators may shut down unscrupulous firms, the services offered by Navigenics and 23andMe meet the highest standards of accuracy, validity and reliability. The laboratories employed by both companies are fully licensed and trusted by researchers around the world. These companies give individuals the ability to take a "snapshot" of their DNA. The state objected, determining that doctors are gatekeepers of the human body, and Californians need a prescription to access their genetic blueprint. Doctors have a powerful lobby in Sacramento, and these technologies directly threaten their profits. Personal genomics aims to empower the individual, not line the pockets of an elite medical establishment. This establishment believes that individuals cannot be trusted with their own genetic information. The genome is vast, complicated and poorly understood, the argument goes, and therefore customers could be inundated with raw information of little or no practical use. Forbidding us from looking at our genes because we don't yet understand them, however, is contrary to science, innovation and human nature.

Note: For revealing reports of government corruption from reliable, verifiable sources, click here.


Was There a Loan It Didn’t Like?
2008-11-02, New York Times
http://www.nytimes.com/2008/11/02/business/02gret.html?partner=rssuserland&em...

As a senior mortgage underwriter, Keysha Cooper was proud of her ability to spot fraud and other problems in a loan application. But as a senior mortgage underwriter at Washington Mutual during the late, great mortgage boom, Ms. Cooper says she found herself in a vise. Brokers squeezed her from one side, her superiors from the other, she says, and both pressured her to approve loans, no matter what. “At WaMu it wasn’t about the quality of the loans; it was about the numbers,” Ms. Cooper says. “They didn’t care if we were giving loans to people that didn’t qualify. Instead, it was how many loans did you guys close and fund?” When underwriters refused to approve dubious loans, they were punished, she says. In February 2007 ... the pressure became intense. WaMu executives told employees they were not making enough loans and had to get their numbers up, she says. “They started giving loan officers free trips if they closed so many loans, fly them to Hawaii for a month,” Ms. Cooper recalls. “One of my account reps went to Jamaica for a month because he closed $3.5 million in loans that month. If a loan came from a top loan officer, they didn’t care what the situation was, you had to make that loan work,” she says. One loan file was filled with so many discrepancies that she felt certain it involved mortgage fraud. She turned the loan down, she says, only to be scolded by her supervisor. Ms. Cooper says that her bosses placed her on probation for 30 days for refusing to approve the loan and that her team manager signed off on the loan.

Note: For lots more on corporate corruption from reliable sources, click here.


Known Unknowns: Uncoventional
2008-11-01, U.S. Army Website, Strategic Studies Institute
http://www.strategicstudiesinstitute.army.mil/pdffiles/PUB890.pdf

Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security. Deliberate employment of weapons of mass destruction or other catastrophic capabilities, unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters are all paths to disruptive domestic shock. An American government and defense establishment lulled into complacency by a long-secure domestic order would be forced to rapidly divest some or most external security commitments in order to address rapidly expanding human insecurity at home. Already predisposed to defer to the primacy of civilian authorities in instances of domestic security and divest all but the most extreme demands in areas like civil support and consequence management, DoD might be forced by circumstances to put its broad resources at the disposal of civil authorities to contain and reverse violent threats to domestic tranquility. Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States. Further, DoD would be, by necessity, an essential enabling hub for the continuity of political authority in a multi-state or nationwide civil conflict or disturbance.

Note: For an analysis which deconstructs the opaque military jargon in which this revealing strategic document is written, click here. Use of military forces to maintain domestic order has been forbidden since 1878 by the Posse Comitatus Act. The Pentagon appears to be planning to abrogate this key support of civil liberties.


Panel grills credit raters over inflated ratings
2008-10-23, MSNBC/Associated Press
http://www.msnbc.msn.com/id/27326652

Executives and employees at the major credit ratings agencies were often aware of problems in the AAA grades awarded to thousands of mortgage-related securities whose downgrades helped plunge the nation into a financial meltdown. The companies — Standard & Poor, Moody’s and Fitch, Inc. — made enormous profits as they evaluated a ballooning number of mortgage-backed bonds, many of which were given top marks as long as housing prices went up. “The story of the credit rating agencies is a story of colossal failure,” said Rep. Henry Waxman, chairman of the House Oversight and Government Reform Committee. The California Democrat said, “Millions of investors rely on them for independent, objective assessments. The rating agencies broke this bond of trust, and federal regulators ignored the warning signs and did nothing to protect the public. The result is that our entire financial system is now at risk.” The companies are important because their high assessments assured investors that their money should be safe. The inflated ratings awarded to securities backed up by subprime loans led investors to buy them in enormous numbers. But now, most of these securities have been downgraded and the market for them has largely evaporated, contributing to the current crisis. The panel also heard former ratings agency executives say there’s an inherent conflict of interest in the industry because they’re paid by bond issuers instead of investors who trust their ratings to make smart investments.

Note: For many reports on corporate corruption from reliable sources, click here.


Sorry, I Can’t Find Your Name
2008-10-23, New York Times
http://www.nytimes.com/2008/10/23/opinion/23thu1.htm

Voting rolls, which are maintained by local election officials, are one of the weakest links in American democracy and problems are growing. Republicans have been pressing for sweeping voter purges in many states. They have also fought to make it harder to enroll new voters. Voting experts say there could be serious problems at the polls on Nov. 4. A number of states — including the battleground state of Florida — have adopted no match, no vote rules. Voters can be removed from the rolls if their names do not match a second list, such as a Social Security or driver’s license database. But (like the U.S. mail) lists of this kind are notoriously mistake-filled, and one typo can cause a no match. In Ohio, Republicans recently sued the secretary of state, demanding that she provide local officials with a dubious match list. As many as 200,000 new voters could have been blocked from casting ballots. The Supreme Court rejected the suit, but Republicans are still looking for ways to use the list on Election Day. For this election, voters need to be prepared to fight for their right to cast a ballot. They should try to confirm before Nov. 4 that they are on the rolls — something that in many states can be done on a secretary of state or board of elections Web site. If their state permits it, they should vote early. If voters find on Election Day that their names are not on the rolls, they should contact a voters’ rights group like Election Protection, at 1-866-OUR-VOTE.

Note: A recent report in Rolling Stone by Robert F. Kennedy Jr. and Greg Palast details many of these tactics to eliminate voters from the rolls. To watch a related video by Greg Palast click here. For many disturbing reports from major media sources on threats to free and fair elections in the US, click here. And for a powerful, five-minute video showing both the ways your vote can disappear and what you can do about it, click here.


This Bailout Doesn’t Pay Dividends
2008-10-21, New York Times
http://www.nytimes.com/2008/10/21/opinion/21stein.html?partner=rssuserland&em...

Secretary Paulson [has been] described as playing the role of the Godfather, making the banks [a bailout] offer they could not refuse. But in one important respect, he was more Santa Claus than Vito Corleone: the agreement allowed the banks to continue paying dividends to common shareholders. These dividends, if they are paid at current levels, will redirect more than $25 billion of the $125 billion to shareholders in the next year alone. A significant fraction of [the bailout] money will wind up in shareholders’ pockets — and thus be unavailable to plug the large capital hole on the banks’ balance sheets. The officers and directors of the nine banks will be among the leading beneficiaries of the dividend payout. Their personal take of the dividends will amount to approximately $250 million in the first year. Why would the banks want to maintain large dividend payouts when they’ve had such a hard time borrowing, are starved of cash, and the credit markets believe that they run a significant risk of defaulting? Shouldn’t these distressed banks be marshalling all of the financial resources available to them to ensure their viability? Here’s why: Each dollar paid out as a dividend today is a dollar that cannot be seized by creditors in the event of bankruptcy. For a distressed company, dividends are not in the interest of the enterprise as a whole (shareholders and lenders taken together), but only in the interest of shareholders. They are an attempt by shareholders to beat creditors out the door. The government should close the door by putting an immediate stop to the dividend payouts of any banks receiving direct federal support.

Note: Is the fox guarding the hen house? For many revealing, reliable reports on the banking bailout, click here.


Wall Street's 'Disaster Capitalism for Dummies'
2008-10-21, MarketWatch.com (owned by Dow Jones)
http://www.marketwatch.com/news/story/14-reasons-main-street-loses/story.aspx...

Sorry to pop your bubble folks, but it no longer matters who's president. Why? The real "game changer" already happened. Democracy has been replaced by Wall Street's new "disaster capitalism." That's the big game-changer historians will remember about 2008, masterminded by Wall Street's ultimate "Trojan Horse," Hank Paulson. Congress simply handed over voting power and the keys to trillions in the Treasury to Wall Street's new "Disaster Capitalists" who now control "democracy." We let it happen. In one generation America has been transformed from a democracy into a strange new form of government, "Disaster Capitalism." Three decades of influence peddling in Washington ... accelerated under Reaganomics and went into hyperspeed under Bushonomics, both totally committed to a new disaster capitalism run privately by Wall Street and Corporate America. No-bid contracts in wars and hurricanes. A housing-credit bubble -- while secretly planning for a meltdown. Finally, the coup de grace: Along came the housing-credit crisis, as planned. Press and public saw a negative, a crisis. Disaster capitalists saw a huge opportunity. Yes, opportunity for big bucks and control of America. This end game was planned for years in secret war rooms on Wall Street, in Corporate America, in Washington and the Forbes 400. Naomi Klein summarizes the game in Shock Doctrine: the Rise of Disaster Capitalism. This "new economy" generates enormous profits feeding off other peoples' misery: Wars, terror attacks, natural catastrophes, poverty, trade sanctions, subprime housing meltdowns and all kinds of economic, financial and political disasters.

Note: The author of this highly critical commentary, Paul B. Farrell, is a well-known writer on finance and investment and a long-time columnist at The Wall Street Journal's sister-site MarketWatch.


We can stop the cancer epidemic
2008-09-19, New York Times
http://www.nytimes.com/2008/09/19/opinion/19iht-edservan.1.16308287.html

There is an epidemic of cancer today. One in three Americans will be diagnosed with cancer, often before the age of 65. Since 1940, we have seen in Western societies a marked and rapid increase in common types of cancer. In fact, cancer in children and adolescents has been rising by 1 to 1.5 percent a year since the 1960's. And these are cancers for which there is no screening. For most common cancers - prostate, breast, colon, lung - rates are much higher in the West than in Asian countries. Yet Asians who emigrate to the United States catch up with the rates of Americans within one or two generations. While in Asia, Asians are protected not by their genes, but by their lifestyle. We continue to invest 97 percent of our cancer research funds in better treatments and early detection. Only 3 percent is invested in tackling causes. The World Cancer Research Fund published a report in 2007 concluding that a majority of cancer cases in Western societies could be avoided with life-style measures: 40 percent from changes in diet and physical activity (more vegetables and fruits, less sugar, less red meat, regular walking or the equivalent activity 30 minutes six times per week), 30 percent from smoking cessation, and about 10 percent from reduced alcohol consumption. We now even have data about how specific foods such as broccoli and cabbages, garlic and onions, green tea or the spice turmeric directly help kill cancer cells and reduce the growth of new blood vessels they need to develop into tumors.

Note: The author of this article, Dr. David Servan-Schreiber, is a clinical professor of psychiatry at the University of Pittsburgh and a founding board member of Doctors Without Borders, USA, and author of Anticancer - A new way of life. For an excellent, inspiring 10-minute video interview with this doctor, click here.


Apocalypse now? 30 days when the world didn't end
2008-09-09, Times of London (One of the U.K.'s leading newspapers)
http://www.timesonline.co.uk/tol/comment/faith/article4717864.ece

The beginning of the first serious experiments using CERN’s Large Hadron Collider this week has given rise to a welter of fanciful scare stories about the obliteration of the Earth by a pocket black hole or a cascade reaction of exotic particles. Similar predictions have been made around the launch of several other particle physics experiments and even the first atomic weapons tests. Predictions of the world’s end are nothing new though. We’ve picked out 30 of the most memorable apocalypses that never, for one reason or another, quite happened. 1: 2,800BC: The oldest surviving prediction of the world’s imminent demise was found inscribed upon an Assyrian clay tablet which stated: "Our earth is degenerate in these latter days. There are signs that the world is speedily coming to an end. Bribery and corruption are common." 4: Mar 25, 970 AD. The Lotharingian computists believed they had found evidence in the Bible that a conjunction of certain feast days prefigured the end times. They were just one of a wide scattering of millennial cults springing up in advance of that first Millennium. The millennial panic endured for at least 30 years after the fateful date had come and gone, with some adjustment made to allow 1,000 years after the crucifixion, rather than the nativity. 8: 1648: Having made close study of the kabbalah, theTurkish rabbi Sabbatai Zevi predicted that the Messiah would make a miraculous return in 1648, and that his name would be Sabbatai Zevi. 9: 1666: A year packed with apocalyptic portent. With a date containing the figures commonly accepted as the biblical Number of the Beast and following a protracted period of plague in England, it was little surprise that many should believe the Great Fire of London to be a herald of the Last Days.


Bruce Ivins Wasn't the Anthrax Culprit
2008-08-05, Wall Street Journal
http://online.wsj.com/public/article/SB121789293570011775.html

Over the past week the media was gripped by the news that the FBI was about to charge Bruce Ivins, a leading anthrax expert, as the man responsible for the anthrax letter attacks in September/October 2001. But despite the seemingly powerful narrative that Ivins committed suicide because investigators were closing in, this is still far from a shut case. The FBI needs to explain why it zeroed in on Ivins, how he could have made the anthrax mailed to lawmakers and the media, and how he (or anyone else) could have pulled off the attacks, acting alone. The spores could not have been produced at the U.S. Army Medical Research Institute of Infectious Diseases, where Ivins worked, without many other people being aware of it. Furthermore, the equipment to make such a product does not exist at the institute. The product contained essentially pure spores. The particle size was 1.5 to 3 microns in diameter. There are several methods used to produce anthrax that small. But most of them require milling the spores to a size small enough that it can be inhaled into the lower reaches of the lungs. In this case, however, the anthrax spores were not milled. They were also tailored to make them potentially more dangerous. The spores were coated with a polyglass which tightly bound hydrophilic silica to each particle. Each particle was given a weak electric charge, thereby causing the particles to repel each other at the molecular level. This made it easier for the spores to float in the air, and increased their retention in the lungs. In short, the potential lethality of anthrax in this case far exceeds that of any powdered product found in the now extinct U.S. Biological Warfare Program.


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