News ArticlesExcerpts of Key News Articles in Major Media
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Talk of economic mobility and the wealth gap is hardly new. From the Occupy movement to President Obama's re-election campaign, income inequality has been in the spotlight for years. Even so, the "inclusive capitalism" conference in London ... broke new ground. Not because of the conversation, but because of the people having it. The 250 people from around the world invited to attend this one-day conference do not represent "the 99 percent," or even the 1 percent. It's more like a tiny fraction of the 1 percent. "We have $30 trillion of assets under management in the room," says conference organizer Lynn Forester de Rothschild, who runs E. L. Rothschild, a major investment firm she and her husband, of the storied Rothschild banking family. That amount — $30 trillion — is roughly one-third of the total investable wealth in the world. "If this bulk of capital decides that they are going to invest in companies that aren't only thinking about the short-term profit," says Rothschild, "then we will see corporate behavior change." The titans of commerce and finance didn't necessarily fly to this meeting in London out of a sense of ethics or moral duty, though that may be a motivation for some. For many, says Rothschild, it's a sense of self-preservation. Capitalism appears to be under siege. "It's true that the business of business is not to solve society's problems," she says. "But it is really dangerous for business when business is viewed as one of society's problems. And that is where we are today."
Note: For more on this, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.
A group of mothers, scientists and environmentalists met with U.S. Environmental Protection Agency regulators on [May 27] over concerns that residues of Roundup, the world's most popular herbicide, had been found in breast milk. The meeting ... followed a five-day phone call blitz of EPA offices by a group called Moms Across America demanding that the EPA pay attention to their demands for a recall of Roundup. "This is a poison and it's in our food. And now they've found it in breast milk," said Zen Honeycutt, founder of Moms Across America. "Numerous studies show serious harm to mammals. We want this toxic treadmill of chemical cocktails in our food to stop." Roundup is an herbicide developed and sold by Monsanto Co. since the 1970s, and used in agriculture and home lawns and gardens. The chief ingredient, glyphosate, is under a standard registration review by the EPA. The agency has set a deadline of 2015 for determining if glyphosate use should continue as is, be limited or halted. Environmentalists, consumer groups and plant scientists from several countries have said in recent years that heavy use of glyphosate is causing problems for plants, people and animals. They say some tests have raised alarms about glyphosate levels found in urine samples and breast milk. In 2011, U.S. government scientists said they detected significant levels of glyphosate in air and water samples. Glyphosate is sprayed on most of the corn and soybean crops in the United States, as well as over sugar beets, canola and other crops.
Note: For further studies showing the grave dangers of Roundup and Glyphosate, see this article.
The Supreme Court has been quietly revising its decisions years after they were issued, altering the law of the land without public notice. The revisions include “truly substantive changes in factual statements and legal reasoning,” said Richard J. Lazarus, a law professor at Harvard and the author of a new study examining the phenomenon. The court’s secretive editing process has led judges and law professors astray, causing them to rely on passages that were later scrubbed from the official record. The widening public access to online versions of the court’s decisions, some of which do not reflect the final wording, has made the longstanding problem more pronounced. Unannounced changes have not reversed decisions outright, but they have withdrawn conclusions on significant points of law. The larger point, said Jeffrey L. Fisher, a law professor at Stanford, is that Supreme Court decisions are parsed by judges and scholars with exceptional care. “In Supreme Court opinions, every word matters,” he said. “When they’re changing the wording of opinions, they’re basically rewriting the law.” The court does warn readers that early versions of its decisions, available at the courthouse and on the court’s website, are works in progress. A small-print notice says that “this opinion is subject to formal revision before publication,” and it asks readers to notify the court of “any typographical or other formal errors.” But ... the court almost never notes when a change has been made, much less specifies what it was. And many changes do not seem merely typographical or formal.
Note: Read about a new app which tracks these changes. For more on this, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
A year after Obama laid out new conditions for drone attacks around the world, U.S. forces are failing to comply fully with the rules he set for them: to strike only when there is an imminent threat to Americans and when there is virtually no danger of taking innocent lives. Although Obama promised greater transparency in his speech at the National Defense University, U.S. lawmakers are increasingly critical of the secrecy surrounding the operations. There are growing concerns in Washington that the net effect of the targeted-killing program may be counterproductive. [Obama] is showing no sign of relinquishing what has become his counterterrorism weapon of choice since he took office in 2009. Drones are spreading to new areas ... in far-flung places like Somalia and in Nigeria. "Here we are, a year later, asking 'what has really changed?'" said University of Notre Dame law professor Mary Ellen O'Connell, a leading expert on extrajudicial killings who has testified before U.S. congressional committees. "The drones are still flying and the president still sees the attractiveness of this cold and antiseptic means of killing." Obama's vision of shifting control of the drone program from the shadowy paramilitary arm of the Central Intelligence Agency to the more publicly accountable Pentagon is moving at what one national security source described as a "glacial pace." The Pentagon's Joint Special Operations Command is widely believed to have been behind the December 12 drone strike in a remote part of Yemen that hit a convoy later identified as a wedding procession, killing 15 people.
Note: For more on the expansion of drones in skies worldwide, see the deeply revealing reports from reliable major media sources available here.
In an almond orchard outside Turlock in the Central Valley, two large tanks hold water, minerals - and more importantly, energy. The tanks ... are part of a "flow battery" that stores energy from nearby solar panels. It's the largest battery of its kind in the world. And it could play a role in California's push to develop bigger and better ways to store large quantities of energy. This particular flow battery ... was built by EnerVault of Sunnyvale, part of the Bay Area's fast growing energy-storage industry. Like most of its competitors, EnerVault is young, founded in 2008, with about $30 million in venture funding to date. Some companies try to perfect the lithium-ion batteries found in laptops and electric cars. Others, including EnerVault and Primus Power of Hayward, specialize in flow batteries, which store energy in tanks of electrolytes. The fluid is then pumped through the battery's cells when power is needed. In contrast, the batteries found at a grocery store contain the electrolyte, cathode and anode all in one package. "Flow batteries are batteries turned inside out," said Jim Pape, EnerVault's chief executive officer. His company's flow batteries use iron and chromium, blended into the water inside its tanks. Both materials are safe to handle. Iron and chromium also have the benefit of being cheap. "That's our special sauce," Pape said. "Iron and chromium are very, very abundant, and abundance equals low cost."
Note: For lots more from reliable sources on exciting new energy developments, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
While the U.S. Census Bureau estimates that installing solar panels on every home in America would produce 3.75 trillion kilowatt hours of electricity a year, ... photovoltaics still account for no more than 1.13 percent of America’s power production. [What] can municipalities do? It’s not like they can pave the streets with solar panels. That’s where the husband and wife team of Scott and Julie Brusaw would beg to differ. Since the mid-2000's, Scott, an electrical engineer, and Julie, a psychotherapist, have been developing special solar cells encased in rugged, hexagonal-shaped glass. Lay enough of these mechanical cobblestones together and you’ve built yourself a kind of hybrid driveway/solar array. For the Brusaws, the prototype, while impressive, makes up but a tiny chunk of a much more ambitious vision. According to their calculations, covering the nation’s nearly 28,000 square miles worth of roads, highways and parking spaces with these special panels would produce three times the nation’s total energy consumption. [In their vision], the panels would serve as the foundation for a do-it-all “smart” roadway system that’s capable of not only harvesting energy, but also making roads safer by using heat to remove surface ice and lighting up dark pathways with embedded LEDs. The “Solar Roadway” project, which the Brusaws proposed, was promising enough that, in 2009, the U.S. Federal Highway Administration awarded them a series of contracts to further their concept.
Note: To watch the fun video about these solar roads, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
The National Security Agency is secretly intercepting, recording, and archiving the audio of virtually every cell phone conversation on the island nation of the Bahamas. According to documents provided by NSA whistleblower Edward Snowden, the surveillance is part of a top-secret system – code-named SOMALGET – that was implemented without the knowledge or consent of the Bahamian government. SOMALGET is part of a broader NSA program called MYSTIC, which ... is being used to secretly monitor the telecommunications systems of the Bahamas and several other countries, including Mexico, the Philippines, and Kenya. But while MYSTIC scrapes mobile networks for so-called “metadata” – information that reveals the time, source, and destination of calls – SOMALGET is a cutting-edge tool that enables the NSA to vacuum up and store the actual content of every conversation in an entire country. The program raises profound questions about the nature and extent of American surveillance abroad. The U.S. intelligence community routinely justifies its massive spying efforts by citing the threats to national security posed by global terrorism and unpredictable rival nations like Russia and Iran. But the NSA documents indicate that SOMALGET has been deployed in the Bahamas to locate “international narcotics traffickers and special-interest alien smugglers” – traditional law-enforcement concerns, but a far cry from derailing terror plots or intercepting weapons of mass destruction.
Note: For more on the realities of intelligence agency operations, see the deeply revealing reports from reliable major media sources available here.
Ra Paulette ... has been scraping and shaping New Mexico's sandstone into man-made caves of art. He calls them his wilderness shrines - massive in scale, poetic in their design. "I see this as an environmental project; I'm trying to open up people's feelings," he said. He has no degree in sculpting. He's not a structural engineer, and he's not an architect. He is simply a man who found his passion. "Most of the wonder that I feel is in the actual making of the caves," he said. "Once they're made, I move on, if I want fresh wonder." He's found that fresh wonder digging about a dozen caves so far, most commissioned by nearby residents who want a piece of livable art. One cave along the Rio Grande River even has power, a wood floor, and a colorful bathtub with running water. It took Paulette two years to dig. He charged a mere $12 an hour in labor. "You don't do this for the money, you're not getting rich off making these beautiful places," said Cowan. "No, it's the process, you know? I'm having the time of my life." Recently ... documentary filmmaker heard of the caves, and spent three years following Paulette as he dug. The result was a film so unique it was nominated for an Academy Award. Suddenly, Ra Paulette was a caveman with a following. Showing us his latest project, [he said], "This is the largest thing I've ever done." At 67, he'll be well into his 70s before he shares this cave with the world. He hopes those who come here will find in its solitude what Ra Paulette already has: a sense of peace, and purpose.
Note: These caves bear some similarity to the intriguing carved caves in New Mexico allegedly created by a group called the WingMakers.
She wasn’t necessarily popping champagne Thursday, but conservationist Jennifer Pitt was certainly celebrating the arrival of water from the Colorado River into the Sea of Cortez. It was a monumental moment for conservationists, who said that water hasn’t flowed regularly from the Colorado River to the sea in more than 50 years. It temporarily reached the sea twice in the 1980s and last in 1993. “The pulse flow meeting the sea marks completion of a journey that the Colorado River has not made in a long time, and I take it as a sign of hope not only for our efforts to restore the Colorado River Delta, but also rivers and watersheds everywhere in the world where climate change promises an uncertain future,” said Pitt, director of the Environmental Defense Fund’s Colorado River Project. The water ... traveled nearly 100 miles from a previously barren delta at the Morelos Dam just south of where California, Arizona and Mexico meet. It was a result of a bi-national agreement that came together after years of negotiations. Enough water to supply over 200,000 homes for a year was released on March 23 in an effort to revive trees, wildlife and aquatic life that have perished since the delta dried up decades ago. Conservationists say it will be years before they see the environmental effects of the water streaming through, but residents in the town of San Luis Rio Colorado in the Mexican state of Sonora have been frolicking in the water and gathering at the river ever since the flow started.
The U.S. Air Force gave official notice to Congress [on May 14] that it intends to dismantle the $300 million High Frequency Active Auroral Research Program in Gakona this summer. The shutdown of HAARP ... will start after a final research experiment takes place in mid-June, the Air Force said in a letter to Congress. David Walker, deputy assistant secretary of the Air Force for science, technology and engineering, said this is "not an area that we have any need for in the future" and it would not be a good use of Air Force research funds to keep HAARP going. "We're moving on to other ways of managing the ionosphere, which the HAARP was really designed to do," he said. "To inject energy into the ionosphere to be able to actually control it. But that work has been completed." Comments of that sort have given rise to endless conspiracy theories, portraying HAARP as a superweapon capable of mind control or weather control, with enough juice to trigger hurricanes, tornadoes and earthquakes. Scientists say all of that is nonsense, and that the degree of ionosphere control possible through HAARP is akin to controlling the Pacific Ocean by tossing a rock into it. Built at a cost of more than $290 million, the site has 180 antennas on 30 acres that are used to direct energy into the ionosphere, which is 55 miles to 370 miles above the Earth, and monitor changes in the flow of charged particles. Stevens was the godfather of HAARP, which he helped start two decades ago with annual earmarks slipped into the defense budget.
Note: Why does this article contradict an article in the same newspaper nearly a year earlier stating that the HAARP facility had already closed? And why would the military spend nearly $300 million on a project just to study the atmosphere? Don't miss our excellent webpage on HAARP at this link, which presents powerful, reliable evidence that HAARP is used for weather control and much more.
Tennessee Gov. Bill Haslam signed a law [on May 13] promising free community college tuition to every high school graduate in the state. "Most of our students live below the poverty line," he says. "Many of them don't have parents directly involved in their lives, many of them live with guardians, many of them live in state foster homes and some are homeless." The Tennessee Promise would use $34 million a year from lottery funds to cover tuition for a two-year degree at a community college. Nazje Mansfield ... plans to enroll and become a teacher. Her mother works the night shift at Walmart. "I thought I was just going to have to take out a million loans and be paying them till I'm dead," Nazje says. Thirty cities have similar programs, but Tennessee is unique because its offer has fewer restrictions. A third of Tennesseans have a college degree, and Gov. Haslam wants to raise that to 55 percent. Asked whether he thinks some may call the initiative an entitlement program, Haslam says, "We have a lot of entitlement programs in this country, and we've seen how much they cost us on the back end when people don't have the education they need. I say let's make this investment on the front end. I think it'll be better for the individual and better for our state in the long term." Workers with a two-year degree earn about $57,000, while those with only a high school diploma make $35,000. The Tennessee Promise goes into effect next year.
Note: Many European countries and Brazil, Argentina, and Turkey all offer free higher education. We spend trillions on defense. What would happen if we made higher education free everywhere? Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Dr. Andres Carrasco, an Argentine neuroscientist who challenged pesticide regulators to re-examine one of the world’s most widely used weed killers, has died. He was 67. Dr. Carrasco, a molecular biologist at the University of Buenos Aires and past-president of Argentina’s CONICET science council, was a widely published expert in embryonic development. His 2010 study on glyphosate [became] a major public relations challenge for the ... Monsanto Company. Glyphosate is the key ingredient in Monsanto’s Roundup brand of pesticides, which have combined with genetically modified “Roundup-Ready” plants to dramatically increase the spread of industrial agriculture around the world. [The technology's] spread has increasingly exposed people to glyphosate and other chemicals. Dr. Carrasco, principal investigator at his university’s Cellular Biology and Neuroscience Institute, told The Associated Press in a 2013 interview that he had heard reports of increasing birth defects in farming communities after genetically modified crops were approved for use in Argentina, and so decided to test the impact of glyphosate on frog and chicken embryos in his laboratory. His team’s study, published in the peer-reviewed Chemical Research in Toxicology journal, found that injecting very low doses of glyphosate into embryos can change levels of retinoic acid, causing the same sort of spinal defects that doctors are increasingly registering in communities where farm chemicals are ubiquitous. “If it’s possible to reproduce this in a laboratory, surely what is happening in the field is much worse,” Dr. Carrasco told the AP.
Note: For further studies showing the grave dangers of Roundup and Glyphosate, see this article.
The opportunity those in power have to characterise political opponents as "national security threats" or even "terrorists" has repeatedly proven irresistible. In the past decade, the government ... has formally so designated environmental activists, broad swaths of anti-government rightwing groups, anti-war activists, and associations organised around Palestinian rights. One document from the Snowden files, dated 3 October 2012, chillingly underscores the point. It revealed that the agency has been monitoring the online activities of individuals it believes express "radical" ideas and who have a "radicalising" influence on others. Among the information collected about the individuals, at least one of whom is a "US person", are details of their online sex activities and "online promiscuity." The agency discusses ways to exploit this information to destroy their reputations and credibility. The record is suffused with examples of groups and individuals being placed under government surveillance by virtue of their dissenting views and activism – Martin Luther King, the civil rights movement, anti-war activists, environmentalists. The NSA's treatment of Anonymous ... is especially troubling and extreme. Gabriella Coleman, a specialist on Anonymous at McGill University, said that [Anonymous] "is not a defined" entity but rather "an idea that mobilises activists to take collective action and voice political discontent. It is a broad-based global social movement with no centralised or official organised leadership structure. Some have rallied around the name to engage in digital civil disobedience, but nothing remotely resembling terrorism."
Note: This excerpt is from the new book No Place to Hide by Glenn Greenwald. For more on government surveillance, see the deeply revealing reports from reliable major media sources available here.
Hundreds of people have contacted the FBI about a teacher suspected of drugging and molesting boys during a four-decade career at international schools on four continents, greatly expanding the potential number of suspected victims. The FBI said last month that William Vahey had molested at least 90 boys, whose photos were found on a memory drive stolen by his maid. Vahey killed himself at age 64 after evidence of molestation was found. He was one of the most beloved teachers in the world of international schools that serve the children of diplomats, well-off Americans and local elites. The discovery of his molestation has set off a crisis in the community of international schools, where parents are being told their children may have been victims, and administrators are scurrying to close loopholes exposed by Vahey's abuses. There were decades of missed opportunities to expose Vahey, starting with an early California sex-abuse conviction that didn't prevent him taking a series of jobs exposing him to children. Vahey began his international teaching career at the American School in Tehran, the first in a series of stays around the Middle East and Europe. He taught history, social studies and related subjects in Lebanon, Spain, Iran, Greece, Indonesia and Saudi Arabia, almost always to middle school students. In addition to teaching, he coached basketball and led school trips to Bahrain, Turkey and Africa.
Note: If you are ready to see how investigations into a massive child sex abuse ring have led to the highest levels of government, watch the suppressed Discovery Channel documentary "Conspiracy of Silence," available here. For more on sexual abuse scandals, see the deeply revealing reports from reliable major media sources available here.
When NSA contractor Edward Snowden downloaded tens of thousands of top-secret documents from a highly secure government network, it led to the largest leak of classified information in history — and sparked a fierce debate over privacy, technology and democracy in the post-9/11 world. Now, in "United States Of Secrets," FRONTLINE goes behind the headlines to reveal the dramatic inside story of how the U.S. government came to monitor and collect the communications of millions of people around the world—including ordinary Americans—and the lengths they went to trying to hide the massive surveillance program from the public. “This is as close to the complete picture as anyone has yet put together — and it’s bigger and more pervasive than we thought,” says veteran FRONTLINE filmmaker Michael Kirk. In part one ... Kirk [pieces] together the secret history of the unprecedented surveillance program that began in the wake of September 11 and continues today – even after the revelations of its existence by Edward Snowden. Then, in part two, premiering Tuesday, May 20 ..., veteran FRONTLINE filmmaker Martin Smith continues the story, exploring the secret relationship between Silicon Valley and the National Security Agency, and investigating how the government and tech companies have worked together to gather and warehouse your data. “Through in-depth interviews with more than 60 whistleblowers, elected officials, journalists, intelligence insiders and cabinet officials, we have woven together the secret narrative that reveals the scale and scope of the government’s spying program,” says Kirk.
Note: Don't miss this engaging program, available at this link. For more on government surveillance, see the deeply revealing reports from reliable major media sources available here.
On Sunday 9 June 2013, the Guardian published the story that revealed [Edward] Snowden to the world. The article told Snowden's story, conveyed his motives, and proclaimed that "Snowden will go down in history as one of America's most consequential whistleblowers, alongside Daniel Ellsberg and Bradley [now Chelsea] Manning." We quoted [a note from Snowden that said:] "I understand that I will be made to suffer for my actions … but I will be satisfied if the federation of secret law, unequal pardon and irresistible executive powers that rule the world that I love are revealed even for an instant." The reaction to the article and the video was more intense than anything I had experienced as a writer. Ellsberg himself, writing the following day in the Guardian, proclaimed that "there has not been in American history a more important leak than Edward Snowden's release of NSA material – and that definitely includes the Pentagon Papers 40 years ago". Several hundred thousand people posted the link to their Facebook accounts in the first several days alone. Almost three million people watched the interview on YouTube. Many more saw it on the Guardian's website. The overwhelming response was shock and inspiration at Snowden's courage.
Note: Don't miss the full, exciting story of how Snowden originally came to leak his stunning information at the link above. This excerpt is from the new book No Place to Hide by Glenn Greenwald. For more on government surveillance, see the deeply revealing reports from reliable major media sources available here.
Germany has set an ambitious goal: to run its economy almost entirely on renewable energy by 2050. The energy push, known as the Energiewende, or energy transformation, is often compared in scope to the country’s postwar reconstruction. It will require wide-ranging changes in German society — not just in energy supply but in architecture and agriculture, urban planning, and economic markets. Treading onto this unknown territory, Germany has called on its universities to help make the transformation work. While Germany is supporting university research into solar power and other clean energy, perhaps the biggest innovation in higher education is how the Energiewende has triggered the creation of new interdisciplinary approaches, pushing institutions to develop new courses, degrees and departments. Green technology is not necessarily where the breakthroughs need to happen, said Karl-Friedrich Ziegahn, head of the renewable energy department at the Karlsruhe Institute of Technology’s School of Energy. In terms of the transformation, Germany’s biggest challenges today, he said, “are socioeconomic in nature: public awareness, cost and community involvement.” Germany has already made enormous strides in clean energy generation. In roughly a decade, it has expanded its green power supply to account for a quarter of its electricity — which is twice the United States’ share of renewables. On especially sunny and windy days, when wind farms and solar parks churn out power at peak volume, more than two-thirds of the country’s electricity needs are covered by renewables.
Note: For more on promising alternative energy developments, see the deeply revealing reports from reliable major media sources available here.
The mysterious vanishing of honeybees from hives can be directly linked to insectcide use, according to new research from Harvard University. The scientists showed that exposure to two neonicotinoids, the world's most widely used class of insecticide, lead to half the colonies studied dying, while none of the untreated colonies saw their bees disappear. "We demonstrated that neonicotinoids are highly likely to be responsible for triggering 'colony collapse disorder' [CCD] in honeybee hives that were healthy prior to the arrival of winter," said Chensheng Lu, an expert on environmental exposure biology at Harvard School of Public Health [who led the study]. The loss of honeybees in many countries in the last decade has caused widespread concern because about three-quarters of the world's food crops require pollination. The decline has been linked to loss of habitat, disease and pesticide use. In December 2013, the European Union banned the use of three neonicotinoids for two years. In the new Harvard study, published in the Bulletin of Insectology, the scientists studied the health of 18 bee colonies in three locations in central Massachusetts from October 2012 till April 2013. At each location, two colonies were treated with realistic doses of imidacloprid, two with clothianidin, and two were untreated control hives. "Bees from six of the 12 neonicotinoid-treated colonies had abandoned their hives and were eventually dead with symptoms resembling CCD," the team wrote. "However, we observed a complete opposite phenomenon in the control colonies."
Note: For more on mass deaths of many species of animal, see the deeply revealing reports from reliable major media sources available here.
Vermont's governor on [May 8] signed a bill into law that will require the labeling of genetically modified foods -- hailing it as the first such law in the nation. Under the new law, food offered for retail sale that is entirely or partially produced with genetic engineering must be labeled as such by July 2016. "Vermonters take our food and how it is produced seriously, and we believe we have a right to know what's in the food we buy," said Gov. Peter Shumlin. "More than 60 countries have already restricted or labeled these foods, and now one state -- Vermont -- will also ensure that we know what's in the food we buy and serve our families." In the absence of federal action, other states have introduced similar legislation or ballot initiatives, according to the non-profit Center for Food Safety. Maine and Connecticut passed laws requiring labeling, but they won't go into effect until other states pass GMO-labeling laws. Vermont is the first to pass a "no strings attached" bill, the watchdog group said. Supporters of the law expect it will be challenged in court. "I can make no predictions or promises about how the courts will ultimately rule but I can promise that my office will mount a vigorous and zealous defense of the law that has so much support from Vermont consumers," said Vermont Attorney General William Sorrell. The U.S. Department of Agriculture Food Safety and Inspection Service approved a non-GMO label for meat and liquid egg products in June, the first time the department has approved such a label from a third party. GMO foods were approved for human consumption in 1995.
Note: For more on the major risks from GMO foods, see the deeply revealing summary available here. For many major media articles laying bare the serious risks and dangers of GMOs in our food, click here.
More Americans than ever believe the economy is rigged in favor of Wall Street and big business and their enablers in Washington. We’re five years into a so-called recovery that’s been a bonanza for the rich but a bust for the middle class. “The game is rigged and the American people know that. They get it right down to their toes,” says Senator Elizabeth Warren. Which is fueling a new populism on both the left and the right. While still far apart, neo-populists on both sides are bending toward one another and against the establishment. And it’s not only the rhetoric that’s converging. Populists on the right and left are also coming together around six principles: 1. Cut the biggest Wall Street banks down to a size where they’re no longer too big to fail. 2. Resurrect the Glass-Steagall Act, separating investment from commercial banking and thereby preventing companies from gambling with their depositors’ money. 3. End corporate welfare – including subsidies to big oil, big agribusiness, big pharma, Wall Street, and the Ex-Im Bank. 5. Scale back American interventions overseas. 6. Oppose trade agreements crafted by big corporations. Two decades ago Democrats and Republicans enacted the North American Free Trade Agreement. Since then populists in both parties have mounted increasing opposition to such agreements. Left and right-wing populists remain deeply divided over the role of government. Even so, the major fault line in American politics seems to be shifting, from Democrat versus Republican, to populist versus establishment — those who think the game is rigged versus those who do the rigging.
Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.
Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.