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.
U.S. banks that spent more money on lobbying were more likely to get government bailout money. Banks whose executives served on Federal Reserve boards were more likely to receive government bailout funds from the Troubled Asset Relief Program, according to the study from Ran Duchin and Denis Sosyura, professors at the University of Michigan's Ross School of Business. Banks with headquarters in the district of a U.S. House of Representatives member who serves on a committee or subcommittee relating to TARP also received more funds. Political influence was most helpful for poorly performing banks, the study found. "Political connections play an important role in a firm's access to capital," Sosyura, a University of Michigan assistant professor of finance, said in a statement. Banks with an executive who sat on the board of a Federal Reserve Bank were 31 percent more likely to get bailouts through TARP's Capital Purchase Program. Banks with ties to a finance committee member were 26 percent more likely to get capital purchase program funds. As of late September, nearly 700 financial institutions had received bailouts of $205 billion under the capital purchase program. The banking industry has long been criticized for using political influence to obtain bailouts.
Note: For lots more from reliable sources on the symbiosis between big finance and big government, click here.
David Docter and his neighbor on Capitol Hill share a lawn mower and a pressure washer. "Why should we have two pressure washers when I use it twice a year and he uses it twice a year?" asks Docter, who applies similar logic to the mower and to an Oregon Coast cabin he and his wife, Alicia, share with a dozen other families. Two decades ago, when they bought into the cabin, it would have been tough to afford alone. Now, each family gets to use it several weeks a year for minimal expense. These sharing arrangements are small steps. But through them, each family has lightened its footprint, freed up cash and fix-it time, and found confidence in cooperation. Which leads to a logical question: If sharing stuff is so environmentally and economically sensible, why don't more people do it? Why do so many of us have hedge trimmers languishing and taking up space in our garages? Why are huge RVs parked in driveways and boats sitting in slips for 50 weeks at a time? Because sharing is scary. Ask anybody. There's a reason why Nolo Press' recent book, The Sharing Solution: How to Save Money, Simplify Your Life & Build Community, includes "agreements and forms." Long chapters discuss such issues as responsibilities and conflict resolution.
A healthcare firm is seeking to silence a Danish academic from expressing doubts about one of its products by using England’s draconian libel laws. Two years ago in a conference room in the Randolph hotel in Oxford, Henrik Thomsen ... one of Europe’s leading radiologists, revealed how patients treated at his hospital had subsequently contracted a rare and potentially fatal disease. Thomsen and other doctors at his Copenhagen University hospital were baffled as to why 20 kidney patients who had been given routine scans were afflicted by a disorder — nephrogenic systemic fibrosis (NSF) — in which the skin gradually swells, thickens and tightens. Some sufferers were confined to wheelchairs. At least one died. There was no known cure. It was confirmed that all those who had fallen ill with NSF had been given the same drug in advance of a magnetic resonance imaging (MRI) scan. Omniscan was used to enhance the images produced by the scan. The product was sold around the world and was manufactured by GE Healthcare, a subsidiary of General Electric, one of the world’s largest corporations. Thomsen ... now refuses to speak anywhere in England on the possible risks of Omniscan. The reason is that he faces another kind of storm: GE Healthcare is suing him in the High Court for libel. GE has already racked up costs of more than Ł380,000 pursuing the respected academic. Thomsen will have to pay the firm’s costs if he loses the case.
Note: For lots more on corporate corruption from reliable sources, click here.
[Bill Moyers:] Something's not right here. One year after the great collapse of our financial system, Wall Street is back on top while our politicians dither. As for health care reform, you're about to be forced to buy insurance from companies whose stock is soaring, and that's just dandy with the White House. It's capital. Raw money, mounds of it, buying politicians and policy as if they were futures on the hog market. Some of the big insurance companies, Well Point, Cigna, United Health, all surged to a 52 week high in their share prices this week when it was clear there'd be no public option in the health care bill going through Congress right now. What does that tell you? ROBERT KUTTNER: Their strategy was cut a deal with the insurance companies, the drug industry going in. And the deal was, we're not going to attack your customer base, we're going to subsidize a new customer base. And that script was pre-cooked so it's not surprising that this is what comes out the other side. Once the White House made this deal with the insurance companies, the public option was never going to be anything more than a fig leaf. And over the summer and the fall, it got whittled down, whittled down, whittled down to almost nothing and now it's really nothing.
Note: For lots more on corporate and government corruption from reliable sources, click here and here.
A key terror suspect who allegedly helped to plan last year’s attacks in Mumbai and plotted to strike Europe was an American secret agent who went rogue, Indian officials believe. David Headley, 49, who was born in Washington to a Pakistan diplomat father and an American mother, was arrested in Chicago in October. He has denied the charges. He came to the attention of the US security services in 1997 when he was arrested in New York for heroin smuggling. He earned a reduced sentence by working for the US Drug Enforcement Agency (DEA) infiltrating Pakistan-linked narcotics gangs. Indian investigators, who have been denied access to Mr Headley, suspect that he remained on the payroll of the US security services — possibly working for the Central Intelligence Agency (CIA) — but switched his allegiance to LeT. “India is looking into whether Headley worked as a double agent,” an Indian Home Ministry official said yesterday. Mr Headley, who changed his name from Daood Gilani, was in Mumbai until two weeks before the attacks on the city. Despite being firmly on the radar of the US intelligence agencies, he was allowed to return to India as recently as March. Indian officials are furious that their American counterparts did not share details of that visit at the time. The Indian media has raised the possibility that Mr Headley was being protected by his American handlers — a theory that experts say is credible.
Note: For many other reports from major media sources that raise profound questions about the official account of "terrorism," click here.
It played like a scene from a holiday movie – a mystery couple, who didn’t leave their names or numbers, walked into a restaurant, finished their meal and then set off a chain reaction of generosity that lasted for hours. That’s just what employees at the Aramingo Diner in the Port Richmond section of Philadelphia said a man and a woman did during their breakfast shift Saturday morning. “It was magical. I had tears in my eyes because it never happened before. I’ve been here for 10 years, and I’ve never seen anything like that,” said Lynn Willard, a waitress. “I could not believe it. And it continued and continued,” said Willard. “They asked us not to say anything until they left, [and only then to] say, ‘Merry Christmas, that person picked up your check.’” For the next five hours, dozens of patrons got into that same holiday spirit and paid the favor forward. The diner’s manager said not one person was concerned about price of the check – which ran between $12 and $30. “It was a surprise to all of us,” said the diner's manager. “Those who took the check also tipped the waitress. So nobody had to do anything other than pass it on, and that’s what they did. They just passed it forward.” It’s a true holiday story that proves how a small gesture of kindness can create some magic.
In the United Kingdom ... the country’s top drug adviser was recently fired for publicly criticizing his own government’s drug laws. The adviser, Dr. David Nutt, said in a lecture that alcohol is more hazardous than many outlawed substances, and that the United Kingdom might be making a mistake in throwing marijuana smokers in jail. His comments weren’t the idle musings of a reality-insulated professor in a policy job. They were based on ... a scientifically compiled ranking of drugs, assembled by specialists in chemistry, health, and enforcement, published in a prestigious medical journal two years earlier. The list, printed as a chart with the unassuming title “Mean Harm Scores for 20 Substances,” ranked a set of common drugs, both legal and illegal, in order of their harmfulness - how addictive they were, how physically damaging, and how much they threatened society. Overall, alcohol is far worse than many illegal drugs. So is tobacco. Smoking pot is less harmful than drinking, and LSD is less damaging yet. Nutt says he didn’t see himself as promoting drug use or trying to subvert the government. He was pressing the point that a government policy, especially a health-related one like a drug law, should be grounded in factual information.
Note: For lots more on key health issues, click here.
In many ways, nothing has changed at the SAME Café in mid-town Denver. A week ago, we brought in the NBC News camera and recorded a typical Friday lunch rush. We were there because a viewer had e-mailed Brian Williams [about] the couple who run the café. Brad and Libby Birky serve great food, but accept in return only what the customer can afford. Some pay nothing, while others, who still have jobs and paychecks pay something, sometimes double or even triple what the meal would cost anywhere else in town. A week after we visited the SAME Café, some things have changed. Within 24 hours, the café's web-site -- www.soallmayeat.org -- was hit with over 4000 e-mails. The messages came from Maine, Alaska, California, and all points in between. They were overwhelmingly warm and supportive. Contributions poured in. So far, the figure is about $13,000. The money is coming in small amounts, primarily from people who will never taste the pizza at the SAME cafe. Brad says they are "flooded" with offers from people from the Denver area to help prepare, cook, and clean up the café. More volunteers than could fit in the café. Brad isn’t turning anyone away, "We'll just schedule them in a few weeks down the road, when the rush is over." After more than two years running the café, Brad knows "the rush" will slow down.
Note: Founded in October 2006, this incredibly inspiring cafe has not gotten nearly the press coverage that it deserves, though you can find a couple major media articles at this link and this one. For a great, five-minute video on this most inspiring cafe, click here.
Forget too big to fail. In the eyes of federal regulators, many Wall Street firms are too big to punish. During the past three years, some of the nation's largest financial firms have been accused by the government of cheating or misleading clients and ripping off tens of thousands of consumers of their investments. Despite these findings, these financial giants got, sometimes repeatedly, special exemptions from the Securities and Exchange Commission that have saved them from a regulatory death penalty that could have decimated their lucrative mutual fund businesses. Among the more than a dozen firms that have gotten these SEC get-out-of-jail cards since January 2007 are some of Wall Street's biggest, including Bank of America, Citigroup and American International Group. SEC rules permit corporate lawbreakers to apply for what are known as Section 9(c) waivers from one of the agency's harshest penalties — effectively shuttering the violator's mutual fund operations — but regulators never rejected any of these firms' applications. In fact, the last time the SEC's staff could recall a waiver being turned down was 1978. The SEC declined to comment in detail.
Note: For lots more from reliable sources on the realities of the Wall Street bailout, click here.
The controversy surrounding Adolf Hitler's skull fragments is a little embarrassing for the Russian secret services. In 2000 they presented a skull fragment and a piece of jawbone that they claimed were the remains of the Nazi leader. It was an attempt to quash ... rumors that he had escaped alive at the end of World War II. But in October US researchers presented the results of DNA tests on the skull and said it definitely didn't belong to the dictator. "The bone ... corresponds to a woman between the ages of 20 and 40," said Nick Bellantoni of the University of Connecticut. Russia's FSB intelligence service, the successor to the KGB, has now rejected the doubts. The bones are definitely Hitler's, Vasily Khristoforov, the director of the FSB archives, told the newspaper Izvestiya. Moscow is the only place with the mortal remains of Hitler, Khristoforov said. However, Bellantoni said he was allowed to work on the skull for an hour. When he flew home from Moscow he had two samples in his luggage: a sample from the skull fragment and one sample of blood from the sofa on which Hitler is said to have shot himself. Bellantoni was able to compare the bloodstains on the blood-stained fabric with photos the Soviets took after they seized Hitler's bunker in Berlin. The stains had matched those in the photos. The research showed that the sofa blood DNA did not match the skull DNA. The sofa blood was male and the skull belonged to a woman.
Note: Some believe that Hitler's death was faked. His remains were reportedly sent to Russia. This report is evidence in support of that. Another top Nazi killer, Dr. Aribert Heim, was captured, but very strangely never prosecuted, as reported in this ABC News article. For the deeper story behind the allowing of top Nazi doctors to escape, see this well researched piece.
A new analysis, using H1N1 deaths in the United States in the spring and projecting likely outcomes for this fall, shows that a typical -- or possibly even a milder flu season than average -- should have been expected. The finding [raises] the question: Has swine flu been oversold? The new study, done by researchers at Harvard University and the Medical Research Council Biostatistics Unit in the U.K., says swine flu cases in the spring indicated a flu season that might be, at worst, slightly worse than normal. "It would have been great to have that back in June," said Philip Alcabes, an associate professor in the program in urban public health at Hunter College's School of Health Sciences. "There would have been one more bit of evidence behind my assertion six months ago" that people were overreacting to H1N1. Around the time that swine flu first started making headlines, Alcabes' book, Dread: How Fear and Fantasy Have Fueled Epidemics From the Black Death to Avian Flu, was published, and he said the circumstances surrounding H1N1 provide an apt case study. "I think that it was, from the very beginning, created as a crisis and overstated as a real threat," he said.
Note: For powerful, reliable articles showing major profiteering and fear-mongering around the swine flu to the great risk of public health, click here and here.
The CIA is to be given broad access to the bank records of millions of Britons under a European Union plan to fight terrorism. The Brussels agreement, which will come into force in two months’ time, requires the 27 EU member states to grant requests for banking information made by the United States under its terrorist finance tracking programme. The EU said it had agreed that Europeans would be compelled to release the information to the CIA “as a matter of urgency”. The records will be kept in a US database for five years before being deleted. Critics say the system is “lopsided” because there is no reciprocal arrangement under which the UK authorities can easily access the bank accounts of US citizens. They also say the plan to sift through cross-border and domestic EU bank accounts gives US intelligence more scope to consult our bank accounts than is granted to law enforcement agencies in the UK or the rest of Europe. This weekend civil liberties groups and privacy campaigners said the surveillance programme, introduced as an emergency measure in 2001, was being imposed on Britain without a proper debate. Shami Chakrabarti, director of Liberty, said: “The massive scope for transferring personal information from Europe to the United States is extremely worrying, especially in the absence of public debate or parliamentary scrutiny either at EU or domestic level.
Note: For reports from major media sources on erosion of privacy by governments and corporations, click here.
A grateful shoplifter has returned the favor to a New York convenience store owner who showed him compassion during an attempted robbery earlier this year. It all started in May when Mohammad Sohail was closing his Shirley Express convenience store, about 65 miles east of New York City. A man wielding a baseball bat came barging into the store and demanded money. Sohail had a rifle and quickly pointed it at the robber's face, forcing the man to drop the bat and fall to the ground. What the robber didn't know is that the gun was not loaded. Sohail says the man started to plead with him tearfully saying, "I'm sorry, I have no food. I have no money. My whole family is hungry. Don't call the police. Don't shoot me." The store owner felt bad for the man and gave him $40 and a loaf of bread. He went to get the man some milk but when he returned, Sohail says, the would-be-robber had already fled with the money and food. On Wednesday, the shoplifter made amends with a $50 bill and a thank you letter for saving him from a life of crime. In the letter, the man apologizes for his actions in May and said it was out of desperation to provide for his family. The man, whose identity remains unknown, also said his life has changed drastically and that Sohail's acts inspired him to become a "True Muslim."
Note: To watch a video of this most unusual act of compassion, click here.
The White House has authorized an expansion of the C.I.A.’s drone program in Pakistan’s lawless tribal areas. More C.I.A. drone attacks have been conducted under President Obama than under President George W. Bush. The political consensus in support of the drone program ... and its secrecy have obscured just how radical it is. For the first time in history, a civilian intelligence agency is using robots to carry out a military mission, selecting people for killing in a country where the United States is not officially at war. The drone warfare pioneered by the C.I.A. in Pakistan and the Air Force in Iraq and Afghanistan is the leading edge of a wave of push-button combat that will raise legal, moral and political questions around the world, said P. W. Singer, a scholar at the Brookings Institution and author of the book Wired for War: The Robotics Revolution and Conflict in the 21st Century. So far, only the United States and Israel have used the planes for strikes, but that number will grow. It is impossible to judge whether the program violates international law without knowing whether Pakistan permits the incursions, how targets are selected and what is done to minimize civilian casualties.
Note: For many revealing reports from reliable sources on the realities behind the "war on terror," click here.
As he justified sending 30,000 more troops to Afghanistan at a cost of $30 billion a year, President Barack Obama's description ... of the al Qaeda "cancer" in that country left out one key fact: U.S. intelligence officials have concluded there are only about 100 al Qaeda fighters in the entire country. A senior U.S. intelligence official told ABCNews.com the approximate estimate of 100 al Qaeda members left in Afghanistan reflects the conclusion of American intelligence agencies and the Defense Department. The relatively small number was part of the intelligence passed on to the White House as President Obama conducted his deliberations. With 100,000 troops in Afghanistan at an estimated yearly cost of $30 billion, it means that for every one al Qaeda fighter, the U.S. will commit 1,000 troops and $300 million a year. At a Senate hearing, the former CIA Pakistan station chief, Bob Grenier, testified al Qaeda had already been defeated in Afghanistan. "So in terms of 'in Afghanistan,'" asked Sen. John Kerry, D-Mass., "they have been disrupted and dismantled and defeated. They're not in Afghanistan, correct?" "That's true," replied Grenier.
Note: For many reports raising profound questions about the realities of the "war on terror", click here.
In the past two months, relations between the three main Christian churches have moved in more promising directions than perhaps during the past 50 years of uninspiring liberal dialogue. By opening a new chapter of theological engagement and concrete co-operation with Orthodoxy and Anglicanism, Pope Benedict XVI is changing the terms of debate about church reunification. In time, we might witness the end of the Great Schism between east and west and a union of the main episcopally-based churches. Indeed, when Joseph Ratzinger was elected pope in 2005, one of his first acts was to drop the title of patriarch of the west. Closer church ties will be greatly helped by concrete co-operation. Last week's Rome visit by the Archbishop of Canterbury has advanced Catholic-Anglican relations. Benedict emphasised the importance of Anglicanism in promoting the unity of all episcopally-based Christian churches. Significant was the fact both the pope and the archbishop spoke in favour of a different model of socio-economic development that does not rely exclusively on the state or the market. Rather, it accentuates mutualist principles of reciprocity and gift-exchange and the absolute sanctity of human and natural life which is relational, not individualist or collectivist. This shared social teaching is key in further developing concrete links and bonds of trust among Christians of different traditions. Moves towards church reunification are signs of a revivified Christian Europe, one which can use its shared faith to transform the continent and the whole world.
Note: In other inspiring religious news, a Protestant church in New York City held a "healing ceremony" with Native Americans to apologize for their decimation and dislocation centuries ago. For a USA Today story on this landmark news, click here.
Conspiracy theorists awaiting Wednesday night's premiere of "Conspiracy Theory with Jesse Ventura" might take interest in a curious comment Ventura made in the Los Angeles Times this weekend. Ventura ... told the paper that MSNBC cancelled his show "Jesse Ventura's America" in 2003 because he did not support the Iraq War. He said the network "in essence" paid him to be silent. "It was awful. I was basically silenced. When I came out of office, I was the hottest commodity out there. I was being groomed for a five day-a-week TV show by them. Then, all of a sudden, weird phone calls started happening: 'Is it true Jesse doesn't support the war in Iraq? My contract said I couldn't do any other cable TV or any news shows, and they honored and paid it for the duration of it. So in essence I had my silence purchased. Why do you think you didn't hear from me for three years? I was under contract. They wouldn't even use me as a consultant!"
At a covert forward operating base run by the US Joint Special Operations Command (JSOC) in the Pakistani port city of Karachi, members of an elite division of Blackwater are at the center of a secret program in which they plan targeted assassinations of suspected Taliban and Al Qaeda operatives, "snatch and grabs" of high-value targets and other sensitive action inside and outside Pakistan. The Blackwater operatives also assist in gathering intelligence and help direct a secret US military drone bombing campaign that runs parallel to the well-documented CIA predator strikes, according to a well-placed source within the US military intelligence apparatus. The previously unreported program, the military intelligence source said, is distinct from the CIA assassination program. "This is a parallel operation to the CIA," said the source. "They are two separate beasts." Blackwater's presence in Pakistan is "not really visible, and that's why nobody has cracked down on it," said the source. Blackwater's operations in Pakistan, he said, are not done through State Department contracts or publicly identified Defense contracts. "It's Blackwater via JSOC, and it's a classified no-bid [contract] approved on a rolling basis. Some of these strikes are attributed to [the CIA], but in reality it's JSOC. So when you see some of these hits, especially the ones with high civilian casualties, those are almost always JSOC strikes."
Note: Don't miss this key report in it's entirety. Why haven't other major media outlets mentioned the Joint Special Operations Command (JSOC) drone operations in Pakistan, running parallel to the CIA's?
If the idea of turning consumers into true cyborgs sounds creepy, don't tell Intel researchers. Intel's Pittsburgh lab aims to develop brain implants that can control all sorts of gadgets directly via brain waves by 2020. The scientists anticipate that consumers will adapt quickly to the idea, and indeed crave the freedom of not requiring a keyboard, mouse, or remote control for surfing the Web or changing channels. They also predict that people will tire of multi-touch devices such as ... iPhones. Turning brain waves into real-world tech action still requires some heavy decoding of brain activity. The Intel team has already made use of MRI brain scans to match brain patterns with similar thoughts across many test subjects. Plenty of other researchers have also tinkered in this area. Toyota recently demoed a wheelchair controlled with brainwaves, and University of Utah researchers have created a wireless brain transmitter that allows monkeys to control robotic arms. There are still more implications to creating a seamless brain interface, besides having more cyborgs running around. If scientists can translate brain waves into specific actions, there's no reason they could not create a virtual world with a full spectrum of activity tied to those brain waves. That's right -- we're seeing Matrix creep.
Patients who lack health insurance are more likely to die from car accidents and other traumatic injuries than people who belong to a health plan -- even though emergency rooms are required to care for all comers regardless of ability to pay. An analysis of 687,091 patients who visited trauma centers nationwide from 2002 to 2006 found that the odds of dying from injuries were almost twice as high for the uninsured than for patients with private insurance, researchers reported in Archives of Surgery. The research team from Harvard University and Brigham and Women's Hospital in Boston used information from 1,154 U.S. hospitals that contribute to the National Trauma Data Bank. The risk of death was 80% higher for patients without any insurance, the report said. The researchers also did a separate analysis of 209,702 trauma patients ages 18 to 30 because they were less likely to have chronic health conditions that might complicate recovery. Among these younger patients, the risk of death was 89% higher for the uninsured, the study found.
Note: For many highly informative reports on important health issues, click 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.