News ArticlesExcerpts of Key News Articles in Major Media
Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.
The story of the privatization-obsessed Coalition Provisional Authority [created by Bush in Iraq in 2003] was the centerpiece of Naomi Klein’s best-selling book “The Shock Doctrine,” which argued that it was part of a broader pattern. From Chile in the 1970s onward, she suggested, right-wing ideologues have exploited crises to push through an agenda that has nothing to do with resolving those crises, and everything to do with imposing their vision of a harsher, more unequal, less democratic society. Which brings us to Wisconsin 2011, where the shock doctrine is on full display. In recent weeks, Madison has been the scene of large demonstrations against the governor’s budget bill, which would deny collective-bargaining rights to public-sector workers. Gov. Scott Walker claims that he needs to pass his bill to deal with the state’s fiscal problems. But his attack on unions has nothing to do with the budget. What’s happening in Wisconsin is, instead, a power grab — an attempt to exploit the fiscal crisis to destroy the last major counterweight to the political power of corporations and the wealthy. And the power grab goes beyond union-busting. The bill in question is 144 pages long, and there are some extraordinary things hidden deep inside. For example, the bill includes language that would allow officials appointed by the governor to make sweeping cuts in health coverage for low-income families without having to go through the normal legislative process. The state of Wisconsin owns a number of plants supplying heating, cooling, and electricity to state-run facilities. The language in the budget bill would ... let the governor privatize any or all of these facilities. Not only that, he could sell them, without taking bids, to anyone he chooses. And note that any such sale would, by definition, be “considered to be in the public interest.”
Note: For an abundance of major media articles revealing rampant government corruption, click here.
A review of the Federal Bureau of Investigations scientific work on the investigation of the anthrax letters of 2001 concludes that the bureau overstated the strength of genetic analysis linking the mailed anthrax to a supply kept by Bruce E. Ivins, the Army microbiologist whom the investigators blamed for the attacks. The review, by a panel convened by the National Academy of Sciences, says the genetic analysis did not definitively demonstrate that the mailed anthrax spores were grown from a sample taken from Dr. Ivinss laboratory at Fort Detrick in Frederick, Md. The academys report faults the F.B.I. as failing to take advantage of scientific methods developed between the mailings in 2001 and its conclusion after Dr. Ivinss suicide in 2008 that he was the sole perpetrator. The academy panel, which was paid $1.1 million by the F.B.I. for its review, assessed only the scientific aspects of the investigation and not the traditional detective work. Representative Rush D. Holt, a New Jersey Democrat and physicist who has followed the case, said he thought the academys review showed that the F.B.I. attached too much certainty to the scientific parts of the case. I also think it shows the case was closed prematurely, Mr. Holt said. He said he was reintroducing a bill to create a national commission, similar to the Sept. 11 panel, to take a more comprehensive look at the anthrax case and its implications.
Note: The government has seemed eager to pin this on Ivins, when evidence appears to point to the U.S. military. For more strange evidence on anthrax and dead researchers, click here.
The landmark Blackstone Hotel in downtown Chicago, which has hosted 12 U.S. presidents, opened in 2008 after a two-year, $116 million renovation. Buffed marble staircases greet guests spending up to $699 a night for rooms with views of Lake Michigan. What's surprising isn't the opulent makeover: It's how the project was financed. The work was subsidized by a federal development program intended to help poor communities. The biggest beneficiary of taxpayer help for the Blackstone revamp was Prudential Financial Inc., the second-largest U.S. life insurer. The company got $15.6 million in tax credits from the U.S. Department of the Treasury for helping to fund the project. JPMorgan Chase & Co., the second-largest U.S. bank by assets, also took in money by serving as a lender and the monitor of Blackstone construction financing, city records show. Since 2003, some of the world's biggest financial companies, including Goldman Sachs Group Inc., U.S. Bancorp, JPMorgan Chase and Prudential, have taken advantage of a federal subsidy that will cost taxpayers $10.1 billion -- and most of the public has never heard of it. Investors have used the program, called New Markets Tax Credits, to help build more than 300 upscale projects, including hotels, condominiums, office buildings and a car museum, on streets far from poverty, according to ... records released through a federal Freedom of Information Act request. JPMorgan spokesman Tom Kelly .. declines to discuss specifics. “We think these projects help the community,” Kelly says.
Note: For other revealing major media articles showing blatant corruption in the government and corporations, click here and here.
The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency. The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system. SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar. The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy. In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks' dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs. Fred Bergsten, director of the Peterson Institute for International Economics, said at a conference in Washington that IMF member nations should agree to create $2 trillion worth of SDRs over the next few years.
Volkswagen's amazing 300mpg-plus XL1 two-seater diesel/electric hybrid is a supercar where mpg matters more than mph. Imagine a different sort of supercar; small, lightweight, with the ... most parsimonious engine. That’s VW’s 21st-century streamliner, the XL1, honed not for speed but to achieve an astonishing 313mpg. VW has been messing about with these cigar-thin eco cars since the 1980 ARVW concept. In 1999, it developed a Lupo capable of three litres per 100km (94mpg), but Ferdinand Piëch, VW’s chairman, was more ambitious and had already ordered his R&D team to build him a “one-litre” (282mpg) car. In normal operation, the car stays in electric drive until full throttle is used, speeds exceed 62mph or the battery charge is down to 20 per cent. In e-mode, the car remains on battery power until 10 per cent of its charge remains (about 22 miles), whereupon the motor starts to charge it and power the vehicle. The 2.2-gallon fuel tank gives a range of about 340 miles. As might be expected, the body style is all about wind cheating. With a frontal area of 16.15sq ft and a drag coefficient of 0.186, the XL1 will be the world’s most aerodynamic production car.
Note: For many exciting reports from reliable sources on breakthroughs in automotive technology, click here.
Zero-percent financing deals sound tempting when you are making a big purchase. But they can have costly consequences. Justin Miller financed a new Tempur-Pedic bed through Citibank. Miller said the deal was a credit plan offering 12 months interest free. Even though he had the cash, he decided to finance $5,600. But after Miller made the last payment, he received a bill from Citibank for $1,332.70. A year’s worth of interest Citibank calculated at 25 percent. “I thought this is crazy, either this is some kind of joke or some kind of scam,” Miller said. But according to the statement, the plan expired December 2nd. Miller’s payment was due four days later, after the interest free deal expired on December 6th. “The statement due date was different from what they call the plan due date,” Miller said. In fact Miller believes the due date was intentional to fool customers into making their last payment after the interest rate expires. Jose Quinonez with Mission Asset Fund said it’s a common practice. Quinonez adds banks rarely go out of their way to tell customers about expiration dates on interest-free deals. “My recommendation to people is to make sure to pay off the whole balance completely in full by the 11th month, not wait till the 12th month to pay it off,” he said. Citibank refused to discuss the specifics of Miller’s case, but it told CBS 5 ConsumerWatch the terms of the deal are clearly explained in the seven page contract.
Of the 500 big companies in the well-known Standard & Poor’s stock index, 115 paid a total corporate tax rate — both federal and otherwise — of less than 20 percent over the last five years, according to an analysis of company reports done for The New York Times by Capital IQ, a research firm. Thirty-nine of those companies paid a rate less than 10 percent. Arguably, the United States now has a corporate tax code that’s the worst of all worlds. The official rate is higher than in almost any other country, which forces companies to devote enormous time and effort to finding loopholes. Yet the government raises less money in corporate taxes than it once did, because of all the loopholes that have been added in recent decades. Over the last five years ... Boeing paid a total tax rate of just 4.5 percent. Southwest Airlines paid 6.3 percent. And the list goes on: Yahoo paid 7 percent; Prudential Financial, 7.6 percent; General Electric, 14.3 percent. Economists have long pleaded for an overhaul of the corporate tax code. But it won’t be easy. Companies that use loopholes to avoid taxes don’t mind the current system, of course, and they have more than a few lobbyists at their disposal.
Note: For a treasure trove of reliable reports on corporate corruption, click here.
When it comes to paychecks, Wall Street's law of gravity is back in full force: What goes down must come back up. In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009. At 25 large financial firms that have reported full-year results, revenue rose to $417 billion, another all-time high. "Things are shifting back to where they were before," said J. Robert Brown, a law professor at the University of Denver who studies compensation and corporate-governance issues. Buried in the numbers, though, are signs of how Wall Street's pay culture is bending in response to pressure from regulators and shareholders. Last year, deferred compensation made up as much as half of total pay, up from about a third previously, estimates Alan Johnson, managing director of Johnson Associates Inc., a New York pay consultant. Banks and securities firms are deferring a larger percentage of compensation than they used to, trying to counter criticism that yearly cash bonuses encourage unwise risk-taking by executives, traders and other employees aiming for a big payday.
Note: For the NY State Comptroller's analysis of Wall Street bonuses in 2010, click here and here.
The FBI disclosed to a presidential board that it was involved in nearly 800 violations of laws, regulations or policies governing national security investigations from 2001 to 2008, but the government won't provide details or say whether anyone was disciplined, according to a report by a privacy watchdog group. The San Francisco-based Electronic Frontier Foundation sued under the Freedom of Information Act to obtain about 2,500 documents that the FBI submitted to the President's Intelligence Oversight Board. Most of the records were so heavily censored that they couldn't be properly evaluated. Nevertheless, the documents "constitute the most complete picture of post-9/11 FBI intelligence abuses available to the public," says the report. "The documents suggest," the report says, "that FBI intelligence investigations have compromised the civil liberties of American citizens far more frequently, and to a greater extent, than was previously assumed." The records obtained by the foundation go beyond national security letters. About a third of the reports of violations involved rules governing internal oversight of intelligence investigations, and about a fifth involved potential violations of the Constitution, the Foreign Intelligence Surveillance Act or other laws governing criminal investigations or intelligence-gathering activities, the report says.
Note: For lots more from major media sources on government attacks on civil liberties, click here.
The Obama administration Thursday abandoned a proposal to restrict planting of genetically engineered alfalfa, the latest rule-making proposal shelved as part of the administration's review of "burdensome" regulation. Agriculture Secretary Tom Vilsack's decision not to regulate alfalfa genetically modified to survive applications of the Monsanto Co. herbicide Roundup is a victory for the big seed and agri-chemicals company and the American Farm Bureau Federation. The Obama administration said earlier this month it is reviewing all proposed government regulation to weed out proposals that are overly burdensome to businesses—part of a broader effort to repair relations with employers and industry. The administration has also shelved two proposed workplace-safety rules opposed by business. Alfalfa is raised as hay on about 20 million acres, making it the fourth-biggest U.S. crop by acreage. Only about 250,000 acres of alfalfa is raised organically, however. Some biotechnology officials have predicted that U.S. farmers will use genetically modified seeds to grow half of the nation's alfalfa. The vast majority of the nation's corn, soybeans and cotton are grown from genetically modified varieties.
Note: The US government once again sides with big business and endangers public health. For a powerful, well researched essay which shows how these genetically engineered crops have been proven to cause cancer and kill lab animals in many studies, click here. For more reliable information, click here and here.
Two Italian scientists claim to have successfully developed a cold fusion reactor that produces 12,400 watts of heat power per 400 watts of input. Not only that, but they’ll be commercially available in just three months. Cold fusion is a tricky business -- some say a theoretically implausible business. Hypothetically (and broadly) speaking, the process involves fusing two smaller atomic nuclei together into a larger nucleus, a process that releases massive amounts of energy. If harnessed, cold fusion could provide cheap and nearly limitless energy with no radioactive byproduct or massive carbon emissions. Andrea Rossi and Sergio Focardi claim [their reactor] fuses atomic nuclei of nickel and hydrogen using about 1,000 watts of electricity which, after a few minutes, is reduced to an input of just 400 watts. This reaction purportedly can turn 292 grams of 68 degree water into turbine-turning steam -- a process that would normally require 12,400 watts of electricity, netting them a power gain of about 12,000 watts. They say that commercially scaled, their process could generate eight units of output per unit of input and would cost roughly one penny per kilowatt-hour, drastically cheaper than your average coal plant.
Note: For a balanced and informative article on this, see the Technology News article available here. Sadly, the only other media report on this fascinating news was a Washington Times article available here. For lots more useful information and videos on this exciting discovery, click here.
Fifty years ago this month, President Dwight D. Eisenhower, in his farewell address to Americans, cautioned that the "military-industrial complex" must never be allowed to "endanger our liberties or democratic processes." Despite his warning, William Hartung argues, defense contractors like Lockheed Martin have ballooned in size, scope, and influence. Hartung, the director of the Arms and Security Initiative at the New America Foundation, recently spoke with U.S. News about his new book, Prophets of War. "The military-industrial complex [is] really about the conjunction between the military itself, the weapons contractors, and in some degree the Congress. And it deals with how they kind of work in tandem to lobby for perhaps higher levels of military spending than we might otherwise need," [explained Hartung]. "The biggest Pentagon contractor [is} Lockheed Martin. They got $29 billion in Pentagon awards, which is about $6 billion more than the next company. And they are involved in almost the full gamut of weapons programs. Other than pistols or semi-automatic rifles, they make almost everything the Pentagon would want." Defense contractors ... actually help to finance think tanks that then advocate policies - whether it be regime change in Iraq or a different approach to nuclear weapons policy - that, if pursued, would be of benefit to the company. Then there's the relationship with Congress. They are very strategic in how they give money." Military spending is twice what it was under Eisenhower.
Note: For more on Lockheed's near stranglehold on business, see this NY Times article and another article on Donald Trump's full support of the military-industrial complex. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.
Amy Stokes uses the internet to connect South African teens affected by HIV/AIDS and poverty with volunteer mentors from around the world. Stokes is the founder of Infinite Family and spoke with CNN about the importance of her group's efforts in South Africa -- where nearly two million children have been orphaned by AIDS. CNN: How does HIV/AIDS affect a South African child? Amy Stokes: They will talk about being very happy as children and growing up with two parents until they were grade school level. And then they'll lose one of their parents. They will move where they can be in a community that helps support them and then they'll lose the other parent. Then they're moved into a home where it's an auntie running the house -- and they'll lose that aunt. And then they go to live with the gogo -- or a grandmother -- and before long, they're living with 10 other children in the same 20 square foot space. That gogo is spending all of her time just trying to feed everybody, much less being able to help them prepare for their future. CNN: How widespread is the problem? Stokes: Many of these communities have lost up to 40 percent of the young adults [from HIV/AIDS]. So the children ... are losing, not only love and nurturing, but ... the education of having a parent attend to them. They lack access to everything that would teach them what is needed to be successful. However, they are the most hopeful children you will ever meet. They are resilient, resourceful; they are joyful; they are very ambitious.
Note: Want to get involved in this life-changing program? Check out the Infinite Family website at http://www.infinitefamily.org and see how to help.
The Dimona complex in the Negev desert is famous as the heavily guarded heart of Israel’s never-acknowledged nuclear arms program. Over the past two years ... Dimona has taken on a new, equally secret role — as a critical testing ground in a joint American and Israeli effort to undermine Iran’s efforts to make a bomb of its own. Behind Dimona’s barbed wire ... Israel has spun nuclear centrifuges virtually identical to Iran’s at Natanz, where Iranian scientists are struggling to enrich uranium. Dimona tested the effectiveness of the Stuxnet computer worm, a destructive program that appears to have wiped out roughly a fifth of Iran’s nuclear centrifuges and helped delay, though not destroy, Tehran’s ability to make its first nuclear arms. The operations [at Dimona], as well as related efforts in the United States, are among the newest and strongest clues suggesting that the virus was designed as an American-Israeli project to sabotage the Iranian program. In recent days, the retiring chief of Israel’s Mossad intelligence agency, Meir Dagan ... told the Israeli Knesset in recent days that Iran had run into technological difficulties that could delay a bomb until 2015. That represented a sharp reversal from Israel’s long-held argument that Iran was on the cusp of success. The biggest single factor in putting time on the nuclear clock appears to be Stuxnet, the most sophisticated cyberweapon ever deployed.
Note: For many key reports from reliable sources on hidden realities of the "Global War on Terror", click here.
Bhutan has pioneered the use of Gross National Happiness (GNH) as a measure of progress, instead of the more commonly used GNP. GNH measures not only economic activity, but also cultural, ecological, and spiritual well-being. In September 2010, Bhutanese Prime Minister Jigmi Y. Thinley visited the United States to promote GNH education and economic theory. Prakash: What difference has it made to have GNH as your yardstick rather than gross domestic product? Thinley: First, we are promoting sustainable and equitable socioeconomic development which can be measured to a larger extent through conventional metrics. Second is the conservation of a fragile ecology, [using] indicators of achievement, [such] as the way the [vegetation] cover in my country has expanded over the last 25 years from below 60 to over 72 percent. The third strategy is promotion of culture, which includes preservation of the various aspects of our culture that continue to be relevant and supportive of Bhutan’s purpose as a human civilization. No Bhutanese should suffer a sense of insecurity arising from loss of their cultural identity, language, and so on, under the onslaught of modernization. Then there is the fourth strategy—good governance—on which the other three strategies or indicators depend. We know that democracy is the best form of governance.
The Royal Family is to be granted absolute protection from public scrutiny in a controversial legal reform designed to draw a veil of secrecy over the affairs of the Queen, Prince Charles and Prince William. Letters, emails and documents relating to the monarch, her heir and the second in line to the throne will no longer be [publicly] disclosed. Sweeping changes to the Freedom of Information Act will reverse advances which had briefly shone a light on the royal finances – including an attempt by the Queen to use a state poverty fund to heat Buckingham Palace – and which had threatened to force the disclosure of the Prince of Wales's prolific correspondence with ministers. Lobbying and correspondence from junior staff working for the Royal Household and Prince Charles will now be held back from disclosure. The Government buried the plan for "added protection" for the Royal Family in the small print of plans called "opening up public bodies to public scrutiny". A spokesman for Buckingham Palace said that the change to the law was necessary because the Freedom of Information Act had failed to protect the constitutional position of the monarch and the heir to the throne. He explained that the sovereign has the right and duty to be consulted, [and that] "This constitutional position relies on confidentiality."
Note: For more along these lines, see concise summaries of deeply revealing news articles about government corruption from reliable major media sources.
Two of the US's biggest mortgage lenders have had mortgage foreclosures cancelled in a case that could affect other banks. The Supreme Court in Massachusetts ruled against US Bancorp and Wells Fargo in a widely watched case. Backing a lower court ruling made in 2009, it said two foreclosure sales were invalid because the banks did not prove that they owned them at the time. The decision is among the earliest to address the validity of foreclosures done without proper documentation - so-called robo-loans because they were carried out by people who were unqualified and who often did not check a single line in the paperwork. Marty Mosby, an analyst at Guggenheim Securities said: "A ruling like this will slow down the foreclosure process. They're going to have to be really precise and get everything in order. It doesn't leave a lot of wiggle room." The case also applies retrospectively to people who have already been foreclosed. Glenn Russell, a lawyer for one of the couples in the case said: "I'm ecstatic. The fact the decision applies retroactively could mean thousands of homeowners can seek recovery for homes wrongfully foreclosed upon." Analysts said the decision may also threaten banks' ability to package mortgages into securities, and may raise the spectre that loans transferred improperly will need to be bought back.
Note: For lots more from major media sources on the criminal profiteering by the largest banks and Wall Street financial firms, click here.
More than 20% of patients who received an implantable cardioverter-defibrillator -- a high-tech device that produces electrical impulses to regulate heartbeats and prevent life-threatening arrhythmias -- in recent years were not good candidates to receive the device, a new study suggests. Researchers at Duke University looked at more than 111,000 patients who received ICD implants between 2006 and 2009. More than 25,000 of those patients did not meet evidence-based criteria for receiving the device, according to the study. The risk of dying in the hospital was significantly higher for patients who received the ICD but did not meet the criteria, and 1 out of 121 patients in this category experienced complications following the implant, the study found. Dr. Robert Michler, chairman of Cardiovascular and Thoracic Surgery at Montefiore-Einstein Heart Center, said the data should act as a "wake-up call" for physicians, surgeons and patients. "Doctors are well-intentioned, but not all doctors should be determining the use of what is a very sophisticated therapy," Michler says. He says that in this case electophysiologists should be making the final determination if the patient needs the device.
Note: For powerful information from a top MD on how the profit motive corrupts the medical industry and endangers our health, click here.
Some 500 dead and dying birds fell onto a Louisiana highway on Monday, just three days after a similar incident in Arkansas. The Louisiana Department of Wildlife and Fisheries [said] that necropsies on some birds indicated many "exhibited traumatic injuries." Two dozen of them had head, neck, beak or back injuries. In Arkansas, preliminary tests showed the blackbirds there, as many as 5,000, died after massive trauma. "The birds suffered from acute physical trauma leading to internal hemorrhage and death," the Arkansas Game and Fish Commission said in a statement. "There was no sign of chronic or infectious disease." The injuries were primarily in the breast tissue, with blood clotting and bleeding in the body cavities. Dr. George Badley, the state's top veterinarian, told NBC News that the birds died in midair, not on impact with the ground. That evidence, and the fact that the blackbirds fly in close flocks, suggests they suffered some massive midair collision, he added. That lends weight to conclusion that they were startled by something. The commission noted that "loud noises were reported shortly before the birds began to fall from the sky," adding that blackbirds seldom fly at night. The commission also is trying to determine what caused the deaths of up to 100,000 fish over a 20-mile stretch of the Arkansas River near a dam in Ozark , 125 miles west of Beebe. The fish were discovered on Dec. 30.
Note: Startling does not cause internal hemorrhage and massive trauma. The birds "suffered from acute physical trauma" and "died in midair." This sounds like a secret experiment from the government's HAARP program might be involved. For reliable information on the disturbing HAARP program, click here.
Chris Liu is an Army veteran and a helicopter pilot who rose to the rank of captain before leaving the military to pursue a career in commercial aviation - first as an instructor, ultimately as a pilot for a major airline. He volunteered for the Federal Flight Deck Officer program, begun after 9/11, that trains and deputizes select pilots to carry firearms in the cockpit. After psychological and background checks, he was accepted. Now Liu is in trouble with the government that only a few weeks ago entrusted him with the lives of airline passengers. On Dec. 2, six federal agents and sheriff's deputies arrived at his home outside Sacramento to confiscate his FFDO credentials and his government-issued handgun. Days later, the Transportation Security Administration sent Liu a letter stating that he had violated the FFDO's rules for nondisclosure and standards of conduct. How? In November, Liu anonymously posted videos on YouTube, since removed, showing security weaknesses at San Francisco International Airport. While passengers and even flight crews endure body scans and pat-downs, ground crews face limited screening. "The doors, gates and other access points where they can access the tarmac are not being manned by TSA and certainly do not have the same metal detectors, body scanners, x-ray equipment, dogs or other security measures that the rest of us are all too painfully forced to undergo," Liu writes on his website.
Note: The government is happy to spend billions on invasive body scans (think big profits), yet fails to even consider huge holes in airport security. Could this be about money?
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.