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Revealing News For a Better World

News Articles
Excerpts of Key News Articles in Major Media


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

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


Russian Navy Reveals Its Secret UFO Encounters
2009-07-28, Fox News
http://www.foxnews.com/story/0,2933,534960,00.html

It sounds like the classic science movie "The Abyss" — only in Russian. The Russian Navy has declassified its records of UFO encounters, many of which take place in or around water, reports the Web site of the English-language Russian news channel Russia Today. "They are most often seen in the deepest part of the Atlantic Ocean, in the southern part of the Bermuda Triangle, and also in the Caribbean Sea," said one naval intelligence officer quoted by the Web site. Another incident cited involved six unknown objects that followed a nuclear submarine in the Pacific. When the sub surfaced, so did the objects — which then lifted themselves out of the water and flew away. In perhaps the most compelling account, military divers in Siberia's Lake Baikal, the world's deepest lake, encountered "a group of humanoid creatures dressed in silvery suits" at a depth of 160 feet. Three humans died during the ensuing chase.

Note: For the testimony of numerous top government and military officials from several different countries on a major UFO cover-up, click here.


Stock Traders Find Speed Pays, in Milliseconds
2009-07-24, New York Times
http://www.nytimes.com/2009/07/24/business/24trading.html

It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices. It is called high-frequency trading — and it is suddenly one of the most talked-about and mysterious forces in the markets. Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else’s expense. These systems are so fast they can outsmart or outrun other investors, humans and computers alike. And after growing in the shadows for years, they are generating lots of talk. Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed. High-frequency trading is one answer. And when a former Goldman Sachs programmer was accused this month of stealing secret computer codes — software that a federal prosecutor said could “manipulate markets in unfair ways” — it only added to the mystery. Goldman acknowledges that it profits from high-frequency trading, but disputes that it has an unfair advantage. Yet high-frequency specialists clearly have an edge over typical traders, let alone ordinary investors.

Note: For a wealth of deep reporting on the hidden realities of Wall Street's shadowy operations, click here.


Glaxo profits soar as drug firm charges NHS Ł6 for swine flu vaccine that costs Ł1 to make
2009-07-23, Daily Mail (One of the UK's largest-circulation newspapers)
http://www.dailymail.co.uk/news/article-1201450/GlaxoSmithKline-accused-profi...

Drugs giant GlaxoSmithKline was accused of cashing in on swine flu after it revealed its profits have risen 10 per cent since the virus was identified. It announced profits yesterday of Ł2.1billion in the past three months. Sales of vaccines and antiviral drugs could push the figure up even higher. GSK chief executive Andrew Witty admitted the swine flu crisis would be a 'significant financial event for the company'. Sales of the company's Relenza inhaler, an alternative to Tamiflu used by pregnant women among others, are expected to top Ł600million. And this figure could be boosted by up to Ł2billion once deliveries of the swine flu vaccine begin in September. But Mr Witty denied Europe's biggest drugs company was gearing up to cash in. He admitted it was planning to charge the UK Ł6 a jab, but vociferously denied reports it cost a pound to manufacture. Liberal Democrat health spokesman Norman Lamb said: 'This is clearly a bonanza for the company. This is a staggeringly substantial return. I will write to the National Audit Office to determine whether we got the best deal for the taxpayer.' Susi Squire of the TaxPayers' Alliance said: 'We need an assurance from the Government that they have got the most competitive rate out of GlaxoSmith-Kline.' Geoff Martin of London Health Emergency said: 'It's a scandal that any company could use the swine flu pandemic as an opportunity to jack up profits. 'The Government should step in and impose a windfall tax on private companies that have hit the jackpot as a result of the flu crisis.'

Note: For more on profiteering in the vaccination industry, click here.


Agencies to set up mass swine flu vaccinations
2009-07-21, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/21/BA6H18PA5J.DTL

Public health experts are gearing up for swine flu vaccinations this fall in what could be the largest mass-immunization campaign since the polio vaccine was introduced more than 50 years ago. Local public health agencies will bear much of the responsibility for vaccinating the public. For now, there are more questions than answers with regard to flu vaccinations, including how much of the vaccine will be made, when it will available, and who will get it first. In fact, the federal government has not officially announced plans to make a vaccine widely available, although it is expected to do so by the end of summer. "There's still a lot of information we have to figure out, and we're learning as we go," said Dr. Mantu Davis, deputy health officer with the Alameda County Public Health Department. "It's definitely a larger vaccination than anything we've seen, or anything in my lifetime." California authorities designed a mass vaccination plan years ago, under the assumption of a deadly pandemic flu and a limited vaccine supply, said Dr. John Talarico with the state public health department's Center for Infectious Disease. That plan is being revised, given that swine flu seems to be fairly mild so far and that a relatively large amount of vaccine may be available, even if it's not enough to give to everyone at once. A swine flu vaccine is still being designed, and the World Health Organization reported last week that a licensed version may not be available until the end of the year - weeks after the start of the flu season. An unlicensed vaccine - one that is still being tested but is deemed safe enough for the general public - may be available sooner.

Note: After hundreds died and thousands were crippled by a vaccine for the swine flu in 1976, how can they be talking about using an unlicensed vaccine? For lots more on the swine flu scare and the billions in profits for well-connnected pharmaceutical corporations and their major investors, click here.


Strange New Air Force Facility Energizes Ionosphere, Fans Conspiracy Flames
2009-07-20, Wired magazine
http://www.wired.com/politics/security/magazine/17-08/mf_haarp

The senior senator from Alaska, Ted Stevens, enjoyed a reputation for inserting projects into the federal budget to benefit his home state, most notoriously a $223 million bridge from the town of Ketchikan to, well, not much of anyplace. In 1988, [physics] researchers sat down with Stevens and assured him that an ionospheric heater would be a bona fide scientific marvel and a guaranteed job creator, and it could be built for a mere $30 million. Just like that, the Pentagon had $10 million for ionospheric heater research. In a series of meetings in the winter of 1989-90, the field's leading lights ... pitched the Navy and the Air Force. Haarp, they asserted, could lead to "significant operational capabilities." They'd build a giant phased antenna array that would aim a finely tuned beam of high-frequency radio waves into the sky. The beam would excite electrons in the ionosphere, altering that spot's conductivity and inducing it to emit its own extremely low frequency waves, which could theoretically penetrate the earth's surface to reveal hidden bunkers or be used to contact deeply submerged submarines. Of course, the scientists said, you'd need a brand-new, state-of-the-art ionospheric heater to see if any of this was even feasible. The Pentagon ... began using Stevens' earmarked cash to fund the appropriate studies. For more than a year, planning proceeded largely out of public view. Then, in 1993, an Anchorage teachers' union rep named Nick Begich—son of one of Alaska's most important political families—found a notice about Haarp in the Australian conspiracy magazine Nexus. In 1995, he self-published a book, Angels Don't Play This HAARP. It sold 100,000 copies. He started giving speeches on Haarp's dangers everywhere, from UFO conventions to the European Parliament.

Note: For more excellent information on HAARP, click here. There is much more than meets the eye here.


Legal immunity set for swine flu vaccine makers
2009-07-20, MSNBC/Associated Press
http://www.msnbc.msn.com/id/31971355/ns/health-swine_flu

The last time the government embarked on a major vaccine campaign against a new swine flu, thousands filed claims contending they suffered side effects from the shots. This time, the government has already taken steps to head that off. Vaccine makers and federal officials will be immune from lawsuits that result from any new swine flu vaccine, under a document signed by Secretary of Health and Human Services Kathleen Sebelius, government health officials said Friday. Since the 1980s, the government has protected vaccine makers against lawsuits over the use of childhood vaccines. The document signed by Sebelius last month grants immunity to those making a swine flu vaccine, under the provisions of a 2006 law for public health emergencies. It allows for a compensation fund, if needed. The government takes such steps to encourage drug companies to make vaccines, and it's worked. Federal officials have contracted with five manufacturers to make a swine flu vaccine. The last time the government faced a new swine flu virus was in 1976. Federal officials vaccinated 40 million Americans during a national campaign. A pandemic never materialized, but thousands who got the shots filed injury claims, saying they suffered a paralyzing condition called Guillain-Barre Syndrome or other side effects.

Note: Note for a powerfully revealing CBS report on blatant fear mongering and profiteering from the 1976 swine flue scare, click here. For many revealing reports on corruption in the medical/governmental complex, click here.


Chemicals and Our Health
2009-07-16, New York Times
http://www.nytimes.com/2009/07/16/opinion/16kristof.html?partner=rss&emc=rss&...

However careful you are about your health, your body is almost certainly home to troubling chemicals called phthalates. These are ubiquitous in modern life, found in plastic bottles, cosmetics, some toys, hair conditioners, and fragrances — and many scientists have linked them to everything from sexual deformities in babies to obesity and diabetes. The problem is that phthalates suppress male hormones and sometimes mimic female hormones. Chemicals called endocrine disruptors are believed to explain the proliferation of “intersex fish” — male fish that produce eggs — as well as sexual deformities in animals and humans. Phthalates ... are among the most common endocrine disruptors, and among the most difficult to avoid. They’re even in tap water, and levels soar in certain plastic water bottles. In girls, some research suggests that phthalates may cause early onset puberty. Most vulnerable of all, it seems, are male fetuses in the first trimester of pregnancy, just as they are differentiating their sex. At that stage, scholars believe, phthalates may “feminize” these boys. “Commonly used phthalates may undervirilize humans,” concluded a study by the University of Rochester. There has also been a flurry of scientific articles questioning whether endocrine disruptors are tied to obesity, autism and allergies, although the evidence there is less firm than with genital abnormalities and depressed sperm count. Dr. Theo Colborn, the founder of the Endocrine Disruption Exchange, ... tells researchers working with her to toss out plastic water bottles and use stainless steel instead. “I don’t have plastic food containers in my house,” she added. “I use glass.”

Note: For many more important health reports from reliable sources, click here.


Club members who give half their money away
2009-07-16, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/16/MNQE18I79P.DTL

Berkeley's Mike Hannigan gives most of his money away. It started in 1991. He had about $20,000 in his bank account and thought about all the good it could do in the world. With partner Sean Marx, he started Give Something Back Inc., an office supply firm that now gives away up to 80 percent of its profit. The company has given away about $4 million to community charities over the last 18 years. That puts Hannigan in a small circle of individuals who are recognized for giving away at least half their income, profit or personal wealth. This so-called "50 percent league" is the brainchild of a national nonprofit organization called Bolder Giving, which has highlighted these givers since its inception in 2007 in the hope that others will take a closer look at how much they give and how much more they could afford to contribute. Every year, the average U.S. household donates about 3 percent of its income. Yet deep in the heart of this recession there is a growing group giving away at least half of what they've got. Currently, 125 individuals or families are on the 50 percent club list and Bolder Giving, based in Arlington, Mass., is looking for more members. At Hannigan's Oakland-based company, the vast majority of the profits go to charities selected by customers and employees. Food banks and education-related organizations are among the most frequent recipients, Hannigan said. It's a way "to use the business as a mechanism to circulate wealth throughout the community," he said. The 59-year-old businessman doesn't consider himself a philanthropist, but an activist who lives a comfortable life.


With Big Profit, Goldman Sees Big Payday Ahead
2009-07-15, New York Times
http://www.nytimes.com/2009/07/15/business/15goldman.html?partner=rss&emc=rss...

After all that federal aid, a resurgent Goldman Sachs is on course to dole out bonuses that could rival the record paydays of the heady bull-market years. Goldman posted the richest quarterly profit in its 140-year history and, to the envy of its rivals, announced that it had earmarked $11.4 billion so far this year to compensate its workers. At that rate, Goldman employees could, on average, earn roughly $770,000 each this year — or nearly what they did at the height of the boom. Senior Goldman executives and bankers would be paid considerably more. Only three years ago, Goldman paid more than 50 employees above $20 million each. In 2007, its chief executive, Lloyd C. Blankfein, collected one of the biggest bonuses in corporate history. The latest headline results — $3.44 billion in profits — were powered by earnings from the bank’s secretive trading operations and exceeded even the most optimistic predictions. But Goldman’s sudden good fortune, coming only a month after the bank repaid billions of bailout dollars, raises questions for Washington policy makers. In Washington, some lawmakers warned on Tuesday that a quick return to such high pay would stoke public anger as the Obama administration tried to overhaul financial regulation. They warned that Wall Street lobbyists were already trying to block financial reforms. “People all over this country feel an incredible frustration that they are seeing their neighbors lose their jobs and the government is helping companies like A.I.G. and Goldman Sachs and then the next thing they are reporting huge profits and huge compensation,” said Senator Sherrod Brown, Democrat of Ohio and a member of the banking committee. “I think people are incredulous that this system is working this way.”

Note: For a treasure trove of revelations from reliable sources on the hidden realities behind the Wall Street bailout, click here.


Doctors demand inquest into death of Dr David Kelly
2009-07-13, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/uknews/5811102/Doctors-demand-inquest-into-de...

A group of 13 doctors who believe that Dr David Kelly, the Government scientist, did not commit suicide, but was murdered, are launching a legal campaign to demand an inquest. The original inquest into Dr Kelly's death six years ago in woods near his Oxfordshire home was suspended by Lord Falconer, then the Lord Chancellor. He designated the Hutton Inquiry into the circumstances surrounding the weapons inspector's death as "fulfilling the function of an inquest". Dr Kelly died shortly after he was exposed as the source for a story claiming the Government "probably knew" that a claim Iraq could attack with weapons of mass destruction in 45 minutes was not true. A team of doctors unconvinced by the findings of the Hutton Report has compiled a dossier which claims that a cut to the ulnar artery in Dr Kelly's wrist could not have killed him. The 12-page document concludes: "The bleeding from Dr Kelly's ulnar artery is highly unlikely to have been so voluminous and rapid that it was the cause of death." Among the doctors is ... is David Halpin, 69, a former lecturer in anatomy at King's College, London, and a former consultant in orthopaedic and trauma surgery at Torbay Hospital, who later went into general practice. Dr Halpin said they had argued their case in the legal document in "microscopic" detail and added: "We reject haemorrhage as the cause of death and see no contrary opinion which would stand its ground. I think it is highly likely he was assassinated." The doctors have been working closely with Norman Baker, the Liberal Democrat MP, who believes the scientist was murdered by enemies he made in the course of his work as a weapons inspector.

Note: For a trove of revelatory reports on assassinations as a tool of state, click here.


U.S. Wiretapping of Limited Value, Officials Report
2009-07-11, New York Times
http://www.nytimes.com/2009/07/11/us/11nsa.html?partner=rss&emc=rss&pagewante...

While the Bush administration had defended its program of wiretapping without warrants as a vital tool that saved lives, a new government review released Friday said the program’s effectiveness in fighting terrorism was unclear. Most intelligence officials interviewed “had difficulty citing specific instances” when the National Security Agency’s wiretapping program contributed to successes against terrorists, the report said. The program ... played a limited role in the F.B.I.’s overall counterterrorism efforts,” the report concluded. The Central Intelligence Agency and other intelligence branches ... could not link it directly to counterterrorism successes, presumably arrests or thwarted plots. The report also hinted at political pressure in preparing the so-called threat assessments that helped form the legal basis for continuing the classified program, whose disclosure in 2005 provoked fierce debate about its legality. The initial authorization of the wiretapping program came after a senior C.I.A. official took a threat evaluation, prepared by analysts who knew nothing of the program, and inserted a paragraph provided by a senior White House official that spoke of the prospect of future attacks against the United States. These threat assessments, which provided the justification for President George W. Bush’s reauthorization of the wiretapping program every 45 days, became known among intelligence officials as the “scary memos,” the report said. Intelligence analysts involved in the process eventually realized that “if a threat assessment identified a threat against the United States,” the wiretapping and related surveillance programs were “likely to be renewed,” the report added.

Note: For many illuminating reports from reliable sources on the realities behind the "war on terror", click here.


As government tags passports, licenses, critics fear privacy is 'chipped' away
2009-07-11, Los Angeles Times
http://www.latimes.com/business/nationworld/wire/sns-ap-us-chipping-america-i...

Climbing into his Volvo, outfitted with a Matrics antenna and a Motorola reader he'd bought on eBay for $190, Chris Paget cruised the streets of San Francisco with this objective: To read the identity cards of strangers, wirelessly, without ever leaving his car. It took him 20 minutes to strike hacker's gold. Zipping past Fisherman's Wharf, his scanner detected, then downloaded to his laptop, the unique serial numbers of two pedestrians' electronic U.S. passport cards embedded with radio frequency identification, or RFID, tags. Within an hour, he'd "skimmed" the identifiers of four more of the new, microchipped PASS cards from a distance of 20 feet. Paget's February experiment demonstrated something privacy advocates had feared for years: That RFID, coupled with other technologies, could make people trackable without their knowledge or consent. He filmed his drive-by heist, and soon his video went viral on the Web, intensifying a debate over a push by government, federal and state, to put tracking technologies in identity documents and over their potential to erode privacy. With advances in tracking technologies coming at an ever-faster rate, critics say, it won't be long before governments could be able to identify and track anyone in real time, 24-7, from a cafe in Paris to the shores of California. The key to getting such a system to work, these opponents say, is making sure everyone carries an RFID tag linked to a biometric data file. On June 1, it became mandatory for Americans entering the United States by land or sea from Canada, Mexico, Bermuda and the Caribbean to present identity documents embedded with RFID tags, though conventional passports remain valid until they expire.

Note: For lots more on corporate and government surveillance, click here.


Wendell Potter on Profits Before Patients
2009-07-10, PBS Bill Moyers Journal
http://www.pbs.org/moyers/journal/07102009/profile.html

Last month, testimony in front of the U.S. Senate Committee on Commerce, Science and Transportation by a former health insurance insider named Wendell Potter made news even before it occurred: CBS NEWS headlined: "Cigna Whistleblower to Testify." After Potter's testimony the industry scrambled to do damage control: "Insurers defend rescissions, take heat for lack of transparency." In his first extended television interview since leaving the health insurance industry, Wendell Potter tells Bill Moyers why he left his successful career as the head of Public Relations for CIGNA, one of the nation's largest insurers, and decided to speak out against the industry. Potter began his trip from health care spokesperson to reform advocate while back home in Tennessee. Potter attended a "health care expedition," a makeshift health clinic set up at a fairgrounds, and he tells Bill Moyers, "It was absolutely stunning. When I walked through the fairground gates, I saw hundreds of people lined up, in the rain. It was raining that day. Lined up, waiting to get care, in animal stalls. Animal stalls." Looking back over his long career, Potter sees an industry corrupted by Wall Street expectations and greed. According to Potter, insurers have every incentive to deny coverage — every dollar they don't pay out to a claim is a dollar they can add to their profits, and Wall Street investors demand they pay out less every year. Under these conditions, Potter says, "You don't think about individual people. You think about the numbers, and whether or not you're going to meet Wall Street's expectations."

Note: To educate yourself on this important issue, watch this revealing PBS Bill Moyers segment available here.


The Alarming Record of the F.B.I.'s Informant in the Bronx Bomb Plot
2009-07-07, Village Voice (A progressive New York City street newspaper)
http://www.villagevoice.com/2009-07-08/news/the-alarming-record-of-the-f-b-i-...

Last month, police and the FBI arrested four Newburgh men on charges that they had plotted to bomb synagogues in the Riverdale neighborhood of the Bronx and fire a missile at a military jet. As more details emerged, however, the less the four defendants sounded like men with the skills to plan a sophisticated terror plot. They were small-time crooks, felons with long criminal records. What the indictment didn't say, and what the initial news reports didn't fill in, was the extent to which the fifth man in the plot, an unnamed FBI informant, had provided the glue to hold the Newburgh 4 together. That informant was a Pakistani man named Shahed Hussain, code-named "Malik," who agreed to work for the FBI to obtain leniency after he was arrested in 2002 for fraud. Over a period of about a year, Malik met with [the] defendants ... while under FBI surveillance. The Newburgh bomb plot isn't the first of Malik's operations for the government. He played a similar role four years ago in an Albany case, in which he helped the FBI arrest a man named Mohammed Hossain, a cash-poor pizzeria owner, and his imam, Yassin Aref, after persuading them to launder $50,000 in a made-up plot to bring a missile to the U.S. and assassinate the Pakistani prime minister. In both cases, Malik did not stumble upon active terror cells plotting to bring destruction on American soil. Instead, in both Newburgh and Albany, he needed long periods of time to recruit his Muslim contacts, spin elaborate tales about his terror contacts, and develop solid plans of action, all the while providing the defendants with large amounts of resources and cash incentives. In each case, the question remains: Would either set of defendants have done anything remotely like plant bombs or launder money for terrorists if not for the prodding and plotting and encouragement of Malik and the FBI?

Note: For lots more from major media sources on the hidden realities behind the never-ending "war on terror", click here.


As rumours swell that the government staged 7/7, victims' relatives call for a proper inquiry
2009-07-03, Daily Mail (One of the UK's largest-circulation newspapers)
http://www.dailymail.co.uk/news/article-1197419/Conspiracy-fever-As-rumours-s...

The country's worst-ever terrorist atrocity during London's morning rush hour on July 7, 2005, shattered for ever the heady euphoria in which the capital was basking the morning after winning the bid for the 2012 Olympics. That afternoon, Tony Blair - who was hosting the G8 summit on global poverty in Gleneagles, Scotland - returned to Downing Street to pronounce that the attack was an act in the 'name of Islam'. Later, at a meeting of the Government's national emergency committee COBRA, London's anti-terror police chief Andy Hayman told senior ministers that he suspected suicide bombers. And so the story of 7/7 that we have come to accept was pieced together: four British Muslims ... blew themselves up using home-made explosives, killing 56 and injuring 700 on three Tube trains and a double-decker bus. But families of the dead victims and an increasing number of 7/7 survivors claim there are inconsistencies and basic mistakes in the official accounts that need explanation. And they are demanding a full public inquiry to answer key questions about what the Intelligence Services and the police did and did not know before the bombings. Meanwhile, the Government's determined refusal to meet their demands is having a very dangerous side-effect - fuelling myriad conspiracy theories about 7/7. Books, blogs and several video documentaries point to oddities in the official accounts. [Some] of them suggest that the attacks were not the work of Muslim terrorists at all, but were carried out by the Government to boost support for the Iraq war. The survivors are so intent on an independent inquiry that they are now taking legal action in the High Court.

Note: The evidence laid out in this article of government complicity is quite strong. For revealing reports from reliable sources on the unexplained circumstances surrounding the London Bombings on 7/7/05, click here.


Missing Moon-Landing Videotapes May Have Been Found
2009-06-30, Fox News
http://www.foxnews.com/story/0,2933,529476,00.html

Just in time for the 40th anniversary of the first moon landing, NASA may have found the long-lost original Apollo 11 videotapes. Back on July 20, 1969, the raw video feed from the moon was beamed to the Parkes Observatory radio telescope in southeastern Australia, and then compressed and sent to Mission Control in Houston. Because of technical issues, NASA's images couldn't be fed directly to the TV networks. Instead, the grayish, blotchy images Americans saw on their TV sets were the result of a regular TV camera pointed at the huge wall monitor in Houston – a copy of a copy, in effect. Those images survive, and anyone can see them on YouTube. But the original, sharp, black-and-white tapes that were recorded at Parkes vanished. NASA had thought they'd been shipped to the Goddard Space Flight Center in Greenbelt, Md., But a search there a couple of years ago turned up nothing. Around the same time, though, a cache of tapes containing data from moon-surface experiments from the entire Apollo program was discovered in a university basement in Perth, Western Australia, on the other side of the country from Parkes. According to the Sunday Express, NASA has combed through those tapes and found the original Apollo 11 video footage. "We're talking about the same tapes," an unnamed NASA spokesman told the newspaper, though he added that "at this point, I'm not prepared to discuss what has or has not been found."

Note: Isn't it amazing that NASA could lose these invaluable tapes? There are many strange questions surrounding this issue.


Lawmaker accuses Fed of "cover-up" in BofA deal
2009-06-25, Boston Globe/Reuters News
http://www.boston.com/business/articles/2009/06/25/lawmaker_accuses_fed_of_co...

The Federal Reserve sought to hide its involvement in Bank of America Corp's acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday. The Fed "engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger from other federal regulatory agencies," Representative Darrell Issa said in a statement released to Reuters. Bernanke has in the past denied any inappropriate pressure on Bank of America. Fed spokeswoman Michelle Smith on Wednesday referred to a letter Bernanke sent Representative Dennis Kucinich on April 30 and later testimony in which he offered an "unconditional assertion" that he did not ask Bank of America CEO Ken Lewis to withhold information regarding Merrill. The Democrat who heads the committee, Edolphus Towns of New York, has called Bernanke to testify on Thursday. Former U.S. Treasury Secretary Henry Paulson has also been called to testify before Congress next month about the Bank of America-Merrill Lynch transaction. After rescuing Bank of America in January, U.S. regulators tightened their grip on the bank with a secret agreement that contributed to the ongoing shakeup of its directors and executives, the Wall Street Journal said, citing people familiar with the matter. The paper, citing internal documents, added that Federal Deposit Insurance Corp. Chairman Sheila Bair wrote to Bernanke before the aid to the bank was unveiled to express the FDIC's "discomfort" with the deal..

Note: For a treasure trove on the hidden realities of the governmental bailout of Wall Street, click here.


Why Sky-High CEO Pay Is Bad Business
2009-06-17, Harvard Business Review
https://hbr.org/2009/06/why-high-ceo-pay-is-bad-business/

If companies don't ... focus on "internal equity" – how the highest paid executive's pay compares with that of everyone else in the organization – they risk losing their own staff's dedication and focus. Indeed, a bias to focus only on the external market in recent years has helped push executive compensation way out of whack. Because of the yawning gap between the leaders and the led, employee morale is suffering, talented performers' loyalty is evaporating, and strategy and execution is suffering at American companies. A smaller gap makes for greater solidarity, and as a result better performance, throughout the workplace. At Whole Foods, we've made adjustments to keep the external and internal equity perspectives in balance. We have a salary cap – the maximum allowable ratio of the highest cash compensation to average employee cash compensation. Today it's 19 to 1. The maximum cash compensation anyone can make at Whole Foods at about $650,000. Whole Foods has never lost to a competitor a top executive that we wanted to keep since the company began more than 30 years ago. The truth is that maximizing personal compensation is not the only motivation that people have in their work. We discover that once our basic material needs are satisfied, money becomes less important to us. In my experience, deeper purpose, personal growth, self-actualization, and caring relationships provide very powerful motivations and are more important than financial compensation for creating both loyalty and a high performing organization.

Note: This article was written by the CEO of Whole Foods, John Mackey. For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.


E-Mail Surveillance Renews Concerns in Congress
2009-06-17, New York Times
http://www.nytimes.com/2009/06/17/us/17nsa.html

The National Security Agency is facing renewed scrutiny over the extent of its domestic surveillance program, with critics in Congress saying its recent intercepts of the private telephone calls and e-mail messages of Americans are broader than previously acknowledged, current and former officials said. Since April, when it was disclosed that the intercepts of some private communications of Americans went beyond legal limits in late 2008 and early 2009, several Congressional committees have been investigating. Those inquiries have led to concerns in Congress about the agency’s ability to collect and read domestic e-mail messages of Americans on a widespread basis, officials said. Supporting that conclusion is the account of a former N.S.A. analyst who, in a series of interviews, described being trained in 2005 for a program in which the agency routinely examined large volumes of Americans’ e-mail messages without court warrants. Two intelligence officials confirmed that the program was still in operation. Both the former analyst’s account and the rising concern among some members of Congress about the N.S.A.’s recent operation are raising fresh questions about the spy agency. Representative Rush Holt, Democrat of New Jersey and chairman of the House Select Intelligence Oversight Panel, has been investigating the incidents and said he had become increasingly troubled by the agency’s handling of domestic communications. In an interview, Mr. Holt disputed assertions by Justice Department and national security officials that the overcollection was inadvertent. “Some actions are so flagrant that they can’t be accidental,” Mr. Holt said.

Note: For lots more from major media sources on the ever-increasing government and coroporate threats to privacy, click here.


Swine flu shots may go to kids first, Sebelius says
2009-06-16, USA Today/Associated Press
http://www.usatoday.com/news/health/2009-06-16-swine-flu-vaccine_N.htm

Schoolchildren could be first in line for swine flu vaccine this fall — and schools are being put on notice that they might even be turned into shot clinics. Health and Human Services Secretary Kathleen Sebelius said Tuesday she is urging school superintendents around the country to spend the summer preparing for that possibility, if the government goes ahead with mass vaccinations. "If you think about vaccinating kids, schools are the logical place," Sebelius told The Associated Press. No decision has been made yet on whether and how to vaccinate millions of Americans against the new flu strain that the World Health Organization last week formally dubbed a pandemic, meaning it now is circulating the globe unchecked. But the U.S. is pouring money into development of a vaccine in anticipation of giving at least some people the shots. While swine flu doesn't yet seem any more lethal than the regular flu that each winter kills 36,000 people in the U.S. alone, scientists fear it may morph into a more dangerous type. Even in its current form, the WHO says about half of the more than 160 people worldwide killed by swine flu so far were previously young and healthy. If that trend continues, "the target may be school-age children as a first priority" for vaccination, Sebelius said Tuesday. "That's being watched carefully." The last mass vaccination against a different swine flu, in the U.S. in 1976, was marred by reports of a paralyzing side effect — for a feared outbreak that never happened. The secretary said: "The worst of all worlds is to have the vaccine cause more damage than the flu potential."

Note: This article admits "swine flu doesn't yet seem any more lethal than the regular flu that each winter kills 36,000 people in the U.S. alone." Be very cautious around any vaccination campaign. Vaccines are extremely poorly regulated and known to fill the wallets of rich politicians invested in them. For lots more reliable, verifiable information on this, click here.


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