News ArticlesExcerpts of Key News Articles in Major Media
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Congress has passed, and President Obama has said he would sign, a budget bill that allows banks to use your savings when they make giant financial bets called derivatives. Again. And because those savings are insured by the federal government, you, the taxpayer, would be on the hook if those bets go south. Again. This isn’t arcane financial stuff we can ignore. These are the exact financial mechanisms that led to the global crisis just six (short!) years ago. The Dodd-Frank reform law that was passed in the wake of that crisis forbade this from ever happening. People in the personal finance field love to talk about how if we could just get more Americans to save, if we could just get more Americans to learn the basics of the stock market, if we could just convince Americans to forego that latte at Starbucks, if we could just put Americans on a budget, then things would be OK. But how is any of that supposed to work when banks can use people’s savings to play the roulette wheel that is the stock market – and then when they lose, they just order another cup of coffee and use the federal budget to make sure that the losses fall not on them but on the people who just tried to save a little money in the first place? This one is only on workers if they say nothing and fail to educate themselves on what is being plundered from their futures. The powers that be are counting on you not to pay attention, or to feel so impotent that you just give up.
Note: Read how literally hundreds of trillions of dollars are being recklessly gambled by the banks using our savings and retirement. For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in government and banking and finance.
For the most part, we’re avoiding [the subject of cost effectiveness] when we talk about health care. When the Patient Centered Outcomes Research Institute, the body specifically set up to do comparative effectiveness research, was founded, the law explicitly prohibited it from funding any cost-effectiveness research at all. As it says on its website, “We don’t consider cost effectiveness to be an outcome of direct importance to patients.” As a physician, a health services researcher and a patient ... I think understanding how much bang for the buck I, my patients and the public are getting from our health care spending is of great importance. The United States Preventive Services Task Force ... was set up by the federal government to rate the effectiveness of preventive health services on a scale of A to D. When it issues a rating, it almost always explicitly states that it does not consider the costs of providing a service in its assessment. And because the Affordable Care Act mandates that all insurance must cover, without any cost sharing, all services that the task force has rated A or B, that means that we are all paying for these therapies, even if they are incredibly inefficient. If we are going to mandate that recommendations and interventions must be covered by health insurance ... it seems logical that we at least consider their economic value.
Note: For more along these lines, see concise summaries of deeply revealing health corruption news articles from reliable major media sources.
For decades, American high school teacher Bruce Farrer has been asking his students to write letters to their future selves. 20 years later, he tracks down the students and posts their letters to them. Speaking in a video for US airline West Jet, Farrer says that the letters have become more valuable because we now communicate far less by letters than we did 20 years ago. He created the assignment because he wanted his students to do an exercise "that was different, that would be interesting and one that they would value". An old pupil of Farrer says when he was asked to write a 10 page letter to his future self, he thought it was "a lesson just to pass the time, to keep us busy for a few hours while he did other things". He now understands what a dedicated teacher Farrer was. Of course, tracking down your students 20 years after teaching them is a challenging task. Farrer describes it as "a lot of detective work" but he is excited to find out the different paths his ex-pupils have taken. The video shows the reactions of some of Farrer's old students upon opening their letters. One describes it as an "emotional roller-coaster" as she reads about the passing of her grandmother and aunt, experienced through the eyes of her younger self. Despite the profound effect that receiving the letters has on its recipients, Farrer remains modest about his diligence and commitment. "I'm just a regular teacher who happened to assign a rather different assignment", he says.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Hardly a week goes by without a new report of some massive data theft that has put financial information, trade secrets or government records into the hands of computer hackers. The best defense against these attacks is clear: strong data encryption and more secure technology systems. U.S. intelligence agencies hold a different view. James Comey, the FBI director, is lobbying Congress to require that electronics manufacturers create intentional security holes — so-called back doors — that would enable the government to [easily] access data on every American's cellphone and computer. Building a back door into every cellphone, tablet, or laptop means deliberately creating weaknesses that hackers and foreign governments can exploit. What these officials are proposing would be bad for personal data security and bad for business. Built-in back doors have ... disastrous results. The U.S. House of Representatives recognized how dangerous this idea was and in June approved [an] amendment [to] prohibit the government from mandating that technology companies build security weaknesses into any of their products. I introduced legislation in the Senate to accomplish the same goal. Advances in technology always pose a new challenge to law enforcement agencies. But curtailing innovation on data security is no solution, and certainly won't restore public trust in tech companies or government agencies.
Note: Ron Wyden, a member of the Senate Intelligence Committee, wrote the article summarized above. The NSA routinely creates and exploits security holes in commercial encryption software and devices to spy on people, and shares the personal data it obtains with the CIA, FBI, IRS, and others through the DEA's Special Operations Division. What exactly is the FBI director asking congress for now?
One quiet consequence of this week’s sensational release of the Senate Intelligence Committee’s report on the C.I.A. detention program was a telephone call that a human rights lawyer, Meg Satterthwaite, placed to a client in Yemen, Mohamed Bashmilah. For eight years since Mr. Bashmilah, 46, was released from C.I.A. custody, Ms. Satterthwaite ... had been trying without success to get the United States government to acknowledge that it had held him in secret prisons for 19 months and to explain why. In the phone call on Wednesday, she told him that the Senate report listed him as one of 26 prisoners who, based on C.I.A. documents, had been “wrongfully detained.” After learning the news, Mr. Bashmilah pressed Ms. Satterthwaite, who heads the global justice program at New York University Law School, to tell him what might follow from the Senate’s recognition. Would there be an apology? Would there be some kind of compensation? Among the others mistakenly held for periods of months or years, according to the report, were an “intellectually challenged” man held by the C.I.A. solely to pressure a family member to provide information; two people who were former C.I.A. informants; and two brothers who were falsely linked to Al Qaeda. Ms. Satterthwaite was not able to answer Mr. Bashmilah’s question about an apology or reparation. No apology was forthcoming from the C.I.A., which declined to comment on specific cases.
Note: An ACLU lawsuit filed on behalf of Mr. Bashmilah and others flown to prisons on C.I.A. aircraft was dismissed on the grounds that it might expose state secrets. For more along these lines, see concise summaries of deeply revealing stories about questionable intelligence agency practices from reliable sources.
The US Navy has announced that a new laser weapon it tested earlier this year was a success. A video of the laser weapon system (Laws), released by the Office of Naval Research, shows the laser being deployed aboard USS Ponce in September in the Persian Gulf. It shows the weapon being used against two test targets, including a speedboat which bursts into flames. Other targets were located at sea and in the air, including unmanned aerial vehicles (UAVs), or drones. Rear Adm. Matthew L. Klunder, chief of naval research, said in a statement on Wednesday that the powerful Laws system will play a vital role in the future of naval combat operations. The prototype weapon in the video cost $40 million to produce, dealt with a tough pace, adverse weather conditions including a sandstorm, and destroyed targets with near-instantaneous lethality. Officials claim the weapon is capable of destroying its targets with pin-point accuracy. The captain of the USS Ponce could use it against a real threat if required. Operated using a video game controller, the system hit targets mounted aboard small boats speeding towards the ship. In a separate test, the laser targeted and shot a drone out of the sky.
Note: For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our War Information Center.
Lockheed Martin, the Pentagon's No. 1 weapons supplier, has rarely felt the need to blow its horn about its secrecy-shrouded crown jewel. "Skunk Works," Lockheed's business for developing weapons outside the company's main chain of command, is starting to lift the veil in a sign of fierce pressure to win new orders and protect its brand. Skunk Works has been celebrated since it developed the first jet fighter in 143 days during World War Two to battle the Nazis. But its logo was kept off buildings and employees were barred from saying where they worked. Now, the company has published a glossy brochure with a 10-point "Skunk Works 2015" agenda focused on keeping costs down, working closely with government, and building prototypes. Its officials are meeting in small groups with all 3,300 employees, or "Skunks" as they are known, to underscore the importance of staying competitive. In one building, Lockheed is using the world's largest gantry machine and 3-D printing to build aircraft. Across campus, Lockheed has a giant airship ... and a compact nuclear fusion reactor that could revolutionize power generation. Skunk Works has survived over the years because it is not only an advanced research arm, but also makes money by managing a few signature programs, including the F-22 stealth fighter and other classified programs, general manager Rob Weiss told Reuters. He gave no numbers.
Note: According to this New York Times article, Lockheed Martin runs a "breathtakingly big part" of the US. This company also paid $4.7 million in 2015 to settle charges it lobbied for federal contracts with federal money. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.
More than five trillion pieces of plastic, collectively weighing nearly 269,000 tonnes, are floating in the world’s oceans, causing damage throughout the food chain, new research has found. Data collected by scientists from the US, France, Chile, Australia and New Zealand suggests a minimum of 5.25tn plastic particles in the oceans, most of them “micro plastics” measuring less than 5mm. The volume of plastic pieces, largely deriving from products such as food and drink packaging and clothing, was calculated from data taken from 24 expeditions over a six-year period to 2013. The research, published in the journal PLOS One, is the first study to look at plastics of all sizes in the world’s oceans. “We saw turtles that ate plastic bags and fish that ingested fishing lines,” said Julia Reisser, a researcher based at the University of Western Australia. “But there are also chemical impacts. When plastic gets into the water it acts like a magnet for oily pollutants. It’s hard to visualise the sheer amount, but the weight of it is more than the entire biomass of humans." The research, the first of its kind to pull together data on floating plastic from around the world, will be used to chart future trends in the amount of debris in the oceans. But researchers predict the volume will increase due to rising production of throwaway plastic, with only 5% of the world’s plastic currently recycled.
Note: Ocean acidification was number one on 2014's top 25 stories subjected to press censorship.
The UN and human rights groups have called for the prosecution of US officials involved in what a Senate report called the "brutal" CIA interrogation of al-Qaeda suspects. UN Special Rapporteur on Human Rights and Counter-Terrorism Ben Emmerson said that senior officials from the administration of George W Bush who planned and sanctioned crimes must be prosecuted, as well as CIA and US government officials responsible for torture. "As a matter of international law, the US is legally obliged to bring those responsible to justice," Mr Emmerson said in a statement made from Geneva. Correspondents say that the chances of prosecuting members of the Bush administration are unlikely. Several countries suspected to have hosted [CIA torture] sites reacted strongly to the publication. Poland's former president [Aleksander Kwasniewski] has publicly acknowledged for the first time [that] his country hosted a secret CIA prison. Lithuanian Prime Minister Algirdas Butkevicius called on the US to say whether CIA used his country to interrogate prisoners. Afghanistan's President Ashraf Ghani called the report "shocking", saying the actions "violated all accepted norms of human rights in the world".
Note: Read revealing excerpts from this most disturbing report. For more, read how the CIA teamed up with the UK's MI6 to kidnap people and deliver them to be tortured at a Libyan site in 2004. Could this US program have happened without strong international support?
Months before the operation that killed Osama bin Laden in 2011, the Central Intelligence Agency secretly prepared a public-relations plan that would stress that information gathered from its disputed interrogation program had played a critical role in the hunt. Starting the day after the raid, agency officials in classified briefings made that point to Congress. But in page after page of previously classified evidence, the Senate Intelligence Committee report on C.I.A. torture, released Tuesday, rejects the notion that torturing detainees contributed to finding Bin Laden. The crucial breakthrough in the hunt was the identification of ... Abu Ahmed al-Kuwaiti. The United States had started wiretapping a phone number associated with Mr. Kuwaiti by late 2001. It was in 2004 that the C.I.A. came to realize that it should focus on finding Mr. Kuwaiti as part of the hunt for Bin Laden. [A man named] Hassan Ghul, who had been captured in Iraqi Kurdistan ... provided “the most accurate” intelligence that the agency produced about Mr. Kuwaiti’s role and ties to Bin Laden. Mr. Ghul provided all the important information about [Mr. Kuwaiti] before he was subjected to any torture techniques. During that [initial] two-day period in January 2004, “He opened up right away and was cooperative from the outset.” Nevertheless, the C.I.A. then decided to torture Mr. Ghul. During and after that treatment, he provided “no actionable threat information.”
Note: Read revealing excerpts from this most disturbing report.
Attorneys general in at least a dozen states are working with energy companies and other corporate interests, which in turn are providing them with record amounts of money for their political campaigns, including at least $16 million this year. The Times reported previously how individual attorneys general have shut down investigations, changed policies or agreed to more corporate-friendly settlement terms [for] campaign benefactors. But the attorneys general are also working collectively. Out of public view, corporate representatives and attorneys general are coordinating legal strategy and other efforts to fight federal regulations, according to a review of thousands of emails and court documents and dozens of interviews. Attorney General Scott Pruitt of Oklahoma [used his post] to help start what he and allies called the Rule of Law campaign. That campaign, in which attorneys general band together to operate like a large national law firm, has been used to back lawsuits and other challenges against the Obama administration on environmental issues, the Affordable Care Act and securities regulation. The most recent target is the president’s executive action on immigration. Coordination between the corporations and teams of attorneys general involved in the Rule of Law effort also involves actual litigation to try to clear roadblocks to energy projects, documents show.
Note: For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
No one likes -- or trusts -- the government. At this point, that's accepted conventional wisdom. And most people assume it has always been like that. But that lack of trust hasn't always been a part of the American experience -- as this awesome chart from our friends at the Pew Research Center shows. The downward trajectory is stark. The collapse began during the presidency of Lyndon B. Johnson, which, not coincidentally, overlapped with the Vietnam War. The 1970s -- thanks to Vietnam and Watergate -- sped up the loss of faith in the government. And, after a quasi-resurgence during the 1980s, the trend line for the past few decades is quite clear. With the exception of relatively brief spikes that overlap with the first Gulf War and the terrorist attacks of Sept. 11, 2001, the number of people who trust the government has been steadily declining; the last time Pew asked the question, in February, just 24 percent said they trust the government "always" or "most of the time". Exit polling from the 2014 midterms makes clear that things haven't improved. That's a tough starting place for any politician. But, if the chart [linked to] above is any indication, it's the new normal.
Note: For more along these lines, see concise summaries of deeply revealing news articles about government corruption.
A campaign launching Tuesday aims to get growing businesses to do what San Francisco’s Salesforce.com did in its infancy 15 years ago: Promise to donate 1 percent of its equity, 1 percent of its employees’ time and 1 percent of the firm’s products to charity. Called the Pledge 1% Program — and led by Salesforce and others — it aims to get 500 other corporations to do the same over the next year. Those who have bought into the idea have seen other benefits. “It’s good for business, too,” said Bradley Heinz, program manager at Optimizely.org. The San Francisco company — which includes several top execs who used to work at Salesforce — is participating in the program. If a younger company can make philanthropy part of its DNA when it is smaller, it will become a way of life as it grows. It is somewhat easier to convince a young firm to volunteer time and offer its product at a deeply discounted rate. San Francisco’s income inequality divide — the fastest-growing in the country — is inspiring other growing companies to look at what they can do to help. Employees at Practice Fusion, a cloud medical records company in San Francisco, decided that they would take $50,000 that would have been used for their holiday gift and give it to the poor. “People were not that into the gifts and schwag,” said Practice Fusion CEO Ryan Howard. “They wanted to give back.”
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In a damning 2009 report, Ireland’s independently-run Commission to Inquire into Child Abuse – which spent nine years investigating thousands of allegations of abuse at religious-run institutions – spoke of a culture of “endemic sexual abuse” in the country’s Catholic boys’ schools and of the “deferential and submissive attitude” of the Irish state towards the religious orders who ran them. What emerged from the investigation, and from a separate Dublin-specific inquiry concluded the same year, was that institutional child abuse was widespread and that it had occurred not only in schools, but in many places where young people were in the care of religious orders. The commissions also revealed that very often when children reported the abuse, they were largely ignored and even punished. The state, too, had willfully turned a blind eye. The very ordinariness of [the abuse] struck photographer Kim Haughton as profoundly disturbing. This was molestation that was at once hidden and woven into the fabric of everyday life. “So much of this happened in places like schools and churches, and in homes,” she tells TIME. And so she embarked on In Plain Sight, a project in which the [actual] sites of these abuses became the subjects of her lens ... places that, when taken at face value, seem unremarkable. “The work, I hope, challenges us to confront these crimes in the context in which they happened,” Haughton adds, “everyday life.”
Note: Read the complete story to see photos from In Plain Sight. Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals also reach to the highest levels of government in the US. And read an abundance of major media news articles showing rampant child sexual abuse at high levels in many prominent organizations.
In the wake of a grand jury decision not to indict Officer Darren Wilson in the shooting death of Michael Brown, Americans have grown accustomed to images of police and protesters in Ferguson, Missouri. One such image is now going viral, but not for the reason one might think. The photo ... shows 12-year-old Devonte Hart and Portland Police Sgt. Bret Barnum embraced in a hug outside of a Ferguson rally on Tuesday. Hart’s mother ... explained that she and Hart went to downtown Portland “with the intention of spreading love and kindness.” Hart brandished a “Free Hugs” sign as he stood alone in front of a police barricade. His mother says he started to get emotional during the rally: “He wonders if someday when he no longer wears a ‘Free Hugs’ sign around his neck, when he’s a full-grown black male, if his life will be in danger for simply being.” That’s when Sgt. Barnum noticed Hart crying and called the boy over to him. Barnum ... asked why he was crying. Hart’s mother says his response was “about his concerns regarding the level of police brutality towards young black kids was met with an unexpected: “Yes. I know. I’m sorry. I’m sorry.” Next, Sgt Barnum asked if he could have one of the “Free Hugs” advertised on his sign. Barnum [said] “it’s a blessing for me that I didn’t miss an opportunity to impact this child.” The image has now been shared widely across social media. Hart’s mother called the tearful hug “one of the most emotionally charged experiences I’ve had as a mother.”
Note: Read lots more on this inspiring incident and the challenging background of Devonte Hart. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Denmark, a tiny country on the northern fringe of Europe, is pursuing the world’s most ambitious policy against climate change. It aims to end the burning of fossil fuels in any form by 2050 — not just in electricity production, as some other countries hope to do, but in transportation as well. Lest anyone consider such a sweeping transition to be impossible in principle, the Danes beg to differ. They essentially invented the modern wind-power industry, and have pursued it more avidly than any country. They are above 40 percent renewable power on their electric grid, aiming toward 50 percent by 2020. The political consensus here to keep pushing is all but unanimous. The trouble, if it can be called that, is that renewable power sources like wind and solar cost nothing to run, once installed. That is potentially a huge benefit in the long run. But [it] can render conventional power plants, operating on gas or coal or uranium, uneconomical to run. Yet those plants are needed to supply backup power for times when the wind is not blowing and the sun is not shining. So the trick now is to get the market redesign right. If Denmark can figure out a proper design for the electric market, it has another big task to meet its 2050 goal: squeezing the fossil fuels out of transportation.
Note: Denmark is consistently setting world records for wind power, which is now cheaper than fossil fuels there.
The Federal Reserve's Board of Governors and the New York Fed have been responsible for supervising Wall Street banks. After the 2008 crisis and the regulatory lapses it revealed, Congress gave the Fed even more oversight authority. Two recent reports highlight that the Fed isn’t very good at supervising certain banks. In September, Carmen Segarra, a former bank examiner at the Federal Reserve Bank of New York, released secret recordings she had made of meetings at the New York Fed in 2012. The recordings revealed that New York Fed employees had identified concerns with a proposed Goldman Sachs deal. The New York Fed didn’t attempt to make Goldman address these concerns. The recordings also showed Ms. Segarra’s superiors pressuring her to soften her finding that Goldman did not comply with federal regulations on conflicts of interest. An October report from the Fed’s Office of Inspector General provided additional confirmation that the Fed is failing to oversee the big banks. The report found that the New York Fed had failed to examine J.P. Morgan Chase’s Chief Investment Office despite a recommendation to do so in 2009. The report concluded that the New York Fed needed to improve its supervision of the biggest, most complex banks. We’re all counting on the Fed to monitor the big banks and stop them from taking on too much risk, but evidence is mounting that this faith in the Fed is misplaced.
Note: If the above link fails, click here. For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in government and banking and finance. For additional information, see the excellent, reliable resources provided in our Banking Corruption Information Center.
Neha Gupta became the first ever American today to be awarded the Children’s International Peace Prize in The Hague, Netherlands. The prize is awarded annually to a child, anywhere in the world, for his or her dedication to children’s rights. Gupta began her astounding work when she was just a child herself, visiting her parents' native India nine years ago. Carrying out a family tradition of celebrating birthdays by delivering gifts to orphans, she was struck by the condition these children were living in. "The place was just really in shambles," Gupta told Saulny. "I didn't want to accept these things. These are things I wanted to fix." She moved to fix them quickly, any way that she could. Back home in Pennsylvania, she made a bold move, deciding to sell all of her toys to raise money for the orphans she had met in India. "We just put it out on our driveway and people came, bought things and it turned out to be such a successful event,” Gupta said. “From that one event we raised $700 and I’ve wanted to keep going.” Gupta kept going, selling crafts door to door and collecting corporate donations in her dad’s SUV. Nine years later, now an 18-year-old college student, she runs Empower Orphans, a global charity that has raised $1.3 million. The organization reaches orphans in the U.S. and abroad, helping to build classrooms, buy books, equip computer labs, pay for health exams, supply water and buy sewing machines to empower other young women to start their own businesses. Despite all of her extraordinary successes, Gupta describes herself as just an ordinary teenager who found her calling early in life. That bit of serendipity has touched the lives of more than 25,000 children so far.
Note: Don't miss an inspiring video on this beautiful woman and the way she is changing the world.
It has been more than two years since The New York Times revealed that Mr. Obama embraced a disputed method for counting civilian casualties of his drone strikes which in effect counts all military-age males in a strike zone as combatants ... unless there is explicit intelligence posthumously proving them innocent. The paper noted that this counting method may partly explain the official claims of extraordinarily low collateral deaths, and even quoted CIA officials as deeply troubled by this decision. After the Times article, most large western media outlets continued to describe completely unknown victims of U.S. drone attacks as militants even though they (a) had no idea who those victims were or what they had done and (b) were well-aware by that point that the term had been re-defined by the Obama administration. Like the U.S. drone program itself, this deceitful media practice continues unabated. The U.S. government itself let alone the media outlets calling them militants often has no idea who has been killed by drone strikes in Pakistan. The Intercept previously reported that targeting decisions can even be made on the basis of nothing more than metadata analysis and tracking of SIM cards in mobile phones. Just last month, the Bureau of Investigative Journalism documented that fewer than 4% of the people killed have been identified by available records as named members of al Qaeda.
Note: For more along these lines, see concise summaries of deeply revealing news articles about military corruption and high level manipulation of mass media from reliable sources.
State officials allowed oil and gas companies to pump nearly three billion gallons of waste water into underground aquifers that could have been used for drinking water or irrigation. Those aquifers are supposed to be off-limits to that kind of activity, protected by the EPA. California’s Department of Conservation’s Chief Deputy Director, Jason Marshall, told NBC Bay Area, “There have been past issues where permits were issued to operators that they shouldn’t be injecting into those zones." In “fracking” or hydraulic fracturing operations, oil and gas companies use massive amounts of water to force the release of underground fossil fuels. The practice produces large amounts of waste water that must then be disposed of. Marshall said that often times, oil and gas companies simply re-inject that waste water back deep underground where the oil extraction took place. But other times, Marshall said, the waste water is re-injected into aquifers closer to the surface. In the State’s letter to the EPA, officials admit that in at least nine waste water injection wells, the waste water was injected into “non-exempt” or clean aquifers. For the EPA, “non-exempt” aquifers are underground bodies of water that are “containing high quality water” that can be used by humans to drink, water animals or irrigate crops. "It should not have been permitted,” said Marshall.
Note: The complete article summarized above includes maps of the Bakersfield, CA wells contaminated by these fracking waste injections. For more along these lines, read this Los Angeles Times article about how fracking poisons drinking water, and see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
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.