Please donate here to support this vital work.
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.


Grand Central Terminal's Secret Rooms
2010-08-06, Time Magazine
http://content.time.com/time/specials/packages/article/0,28804,2008962_200896...

Each day, hundreds of thousands of people commute into and out of Grand Central Terminal in New York City. Thousands more eat at the station's restaurants and sip cocktails at its elegant bars. But Grand Central houses two secret areas few people ever see. Nine stories below the lowest floor sits a bunker known as M-42. It's rumored that during World War II, the bunker had guards with shoot-to-kill orders, for fear of sabotage while the station's trains were being used to ferry troops into and out of New York. Also below the elaborate station is Track 61, which is not on any train map. Track 61 was built for wealthy travelers arriving on private trains and has a freight elevator that rises to the garage level of the Waldorf-Astoria Hotel. The track's most frequent user was President Franklin Delano Roosevelt, who wore leg braces and used a wheelchair because of his polio. FDR's private train included a car specially outfitted to hold his Pierce-Arrow limousine. When he rode into Manhattan from his hometown of Hyde Park, N.Y., he would be driven in the limo off the train, into the freight elevator and right into the hotel. The clandestine entrance prevented the public from seeing the President's inability to walk.

Note: For more on institutional secrecy, see the deeply revealing reports from reliable major media sources available here.


The CIA Schemes to Kill Castro — with a Seashell
2010-08-06, Time Magazine
http://content.time.com/time/specials/packages/article/0,28804,2008962_200896...

From 1960 to 1965, the CIA brainstormed at least eight plots to assassinate Cuba's Fidel Castro. According to a report prepared in 1967 and declassified 36 years later, the CIA thought of using cigars, contaminated air, poisoned pills, fungus and a poison-filled syringe to take out the Communist leader. One plot, which sought only to damage Castro's image, suggested placing thallium salt in his shoes, in the hope that his beard would fall out. But one idea stood out above the rest: the plan to kill Castro with a booby-trapped seashell. You see, the dictator was a fan of skin diving, so intelligence agents plotted to place an especially spectacular shell in a reef Castro was known to frequent. The hope was that the shell would be so beautiful that Castro would pick it up and, by doing so, trigger an explosive. Desmond Fitzgerald, the CIA's head of Cuban operations, went as far as to buy two books on Caribbean mollusks. But the elaborate scheme was deemed impractical.

Note: For more on assassinations as a tool of government policy, see the deeply revealing reports from reliable major media sources available here.


IMF blueprint for a global currency – yes really
2010-08-04, Financial Times
http://ftalphaville.ft.com/blog/2010/08/04/306346/imf-blueprint-for-a-global-...

[An] IMF paper [that] first came out in April, 2010, [a]uthored by Reza Moghadam, director of the IMF’s strategy, policy and review department, ... discusses how the IMF sees the International Monetary System evolving after the financial crisis. In the eyes of the IMF ... the best way to ensure the stability of the international monetary system (post crisis) is actually by launching a global currency. And that, the IMF says, is largely because [sovereign nations] cannot be trusted to redistribute surplus reserves, or battle their deficits, themselves. The ongoing buildup of such imbalances, meanwhile, only makes the system increasingly vulnerable to shocks. It’s also a process that’s ultimately unsustainable for all, says the IMF. All in all, the IMF believes there has simply been too much reserve hoarding going on. A global currency makes the most sense, the paper concludes — especially since the SDR [Special Drawing Rights] is currently just an accounting tool that draws on the freely usable currencies of member states, not an actual currency itself.

Note: For key news articles on the global financial crisis to which this IMF report is responding, click here.


Millions spent on doctor 'gagging orders' by NHS, investigation finds
2010-08-02, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/life-style/health-and-families/health-news/milli...

Hospital doctors who quit their jobs are being routinely forced to sign "gagging orders" despite legislation designed to protect NHS [National Health Service] whistleblowers. Millions of pounds of taxpayers' money are being spent on contracts that deter doctors from speaking out about incompetence and mistakes in patient care. Nearly 90 per cent of severance agreements hammered out between NHS trusts and departing doctors contain confidentiality clauses. The widespread use of "gagging orders" against senior NHS staff who could raise patient safety concerns will intensify the doubts over the protection given to whistleblowers. Campaign groups claim that NHS managers sometimes resort to intimidatory tactics to deter medics from coming forward, while others that break cover can face years of expense and uncertainty before their cases reach court. The result, they say, is that doctors accept the gagging clauses in order to protect their careers and avoid legal wrangling. Mike Parker, of the Royal College of Surgeons, said: "The trusts find something upon which they can influence this individual and hold them virtually to ransom, and say: 'You speak up and this will happen.' It's effectively a form of bullying, if you like, but we do hear about this sort of thing happening."

Note: For lots more from reliable sources on government corruption, click here.


Growing Body Parts
2010-07-26, CBS News 60 Minutes
http://www.cbsnews.com/stories/2010/07/21/60minutes/main6698375.shtml

We may be on the path to a new technology in which quite literally, we will be growing new body parts. It's called "regenerative medicine," where cells in the human body are manipulated into regrowing tissue. Researchers have so far created beating hearts, ears and bladders. Biotech companies and the Pentagon have invested hundreds of millions of dollars in research that could profoundly change millions of lives. Dr. Anthony Atala runs the Wake Forest Institute for Regenerative Medicine in North Carolina. You name the body part, chances are Dr. Atala is trying to grow one. "The possibilities really are endless," he said. Atala says every organ in our body contains special stem cells that are unique to each body part. The key to regeneration, he says, is to isolate and then multiply those cells until there are enough to cover a mold of that particular body part. In Pittsburgh, researchers are taking a different approach: at the McGowan Institute for Regenerative Medicine they are trying to trick the body into actually repairing and regenerating itself. Dr. Steven Badylak, the institute's deputy director, [is] convinced that the key to regeneration is finding the switch in our bodies that tells our cells to grow when we are still in the womb. Badylak said. "If we could make the body or at least the part of the body that's missing or injured think that it's an early fetus again. That's game set and match."

Note: Robert Becker did amazing, pioneering research in this field over 25 years ago, yet was shunned by conservative academia. For his landmark book The Body Electric, click here.


Mexican Officials Say Prisoners Acted as Hit Men
2010-07-26, New York Times
http://www.nytimes.com/2010/07/26/world/americas/26mexico.html

Prisoners in a northern Mexico jail were allowed out at night to carry out murder-for-hire jobs using jail guards’ weapons and vehicles, officials said [on July 25], revealing a level of corruption that is stunning even in a country where prison breakouts are common as guards look the other way. The prisoners carried out three massacres this year in the city of Torreón in which 35 people were killed, Ricardo Nájera, the spokesman for the attorney general’s office, said at a news conference. Among them, the authorities said, was last week’s attack on birthday revelers at a party hall. The gang shot randomly into the crowd, they said, killing 17 people. Ballistics studies confirmed that four guns used in the shooting were the same as those assigned to jail guards, Mr. Nájera said. “The criminals carried out their executions as part of a settling of scores against members of rival gangs linked to organized crime,” he said. “Unfortunately, in these executions the criminals also cowardly murdered innocent civilians — and then returned to their cells.”


Raw-food raid highlights a hunger
2010-07-25, Los Angeles Times
http://www.latimes.com/news/la-fi-raw-food-raid-20100725,0,4350641,full.story

With no warning one weekday morning, investigators entered an organic grocery with a search warrant and ordered the hemp-clad workers to put down their buckets of mashed coconut cream and to step away from the nuts. Then, guns drawn, four officers fanned out across Rawesome Foods in Venice. Skirting past the arugula and peering under crates of zucchini, they found the raid's target inside a walk-in refrigerator: unmarked jugs of raw milk. Cartons of raw goat and cow milk and blocks of unpasteurized goat cheese were among the groceries seized in the June 30 raid by federal, state and local authorities — the latest salvo in the heated food fight over what people can put in their mouths. On one side are government regulators, who say they are enforcing rules designed to protect consumers from unsafe foods and to provide a level playing field for producers. On the other side are " healthy food" consumers [who] seek food in its most pure form. "This is about control and profit, not our health," said Aajonus Vonderplanitz, co-founder of Rawesome Foods. "How can we not have the freedom to choose what we eat?" Demand for all manner of raw foods — including honey, nuts and meat — has been growing, spurred by heightened interest in the way food is produced. But raw milk in particular has drawn a lot of regulatory scrutiny, largely because the politically powerful dairy industry has pressed the government to act.

Note: For lots more on government corruption from reliable sources, click here.


Ex-US judge pleads guilty to child prison scam
2010-07-23, BBC News
http://www.bbc.co.uk/news/world-us-canada-10747919

Former Pennsylvania judge Michael Conahan has pleaded guilty to a racketeering conspiracy charge for helping put juvenile defendants behind bars in exchange for bribes. He is accused along with former judge Mark Ciavarella of taking $2.8m (Ł1.8m) from a profit-making detention centres. Prosecutors in a federal court in Scranton, Pennsylvania, said Conahan had closed a county-owned juvenile detention centre in 2002, just before signing an agreement to use a for-profit centre. Prosecutors say Mr Ciavarella, a former juvenile court judge, then allegedly worked with Mr Conahan to ensure a constant flow of detainees. The two men were originally charged in early 2009 with accepting money from the builder and owner of a for-profit detention centre that housed county juveniles in exchange for giving children longer, harsher sentences. A spokeswoman for the non-profit Juvenile Law Center alleges that Mr Ciavarella gave excessively harsh sentences to 1,000-2,000 juveniles between 2003 and 2006. Some of the children were shackled, denied lawyers, and pulled from their homes for offences which included stealing change from cars and failure to appear as witnesses.

Note: To understand just how corrupt our judicial system is, watch Consipiracy of Silence at this link.


Calif. town outraged to learn of officials' pay
2010-07-23, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/23/AR20100723004...

Residents in this modest blue-collar Los Angeles suburb where one in six lives in poverty were angry: Their city manager was getting paid more than President Barack Obama and the police chief more than the commander of the nearly 13,000-member LAPD. They demanded and got the manager, the chief and another high-salaried official to resign. They looked for the culprits and found them in the very people they entrusted to lead their city of 40,000 people. Now, they're campaigning to boot them out of office. Their mayor and three of their four council members, people they see every day at the grocery store or church, approved the contracts, and put an obscure measure on the ballot that allowed council members to pay themselves any amount of money. And they did: collecting between $90,000 and $100,000 a year as part-time officials. The salaries exploded into public view last week after a Los Angeles Times investigation, based on California Public Records Act requests, showed that the city payroll was bloated with all sorts of six-figure salaries: - Chief Administrative Officer Robert Rizzo made $787,637 a year.

Note: Is there something wrong with a system where politicians set their own pay, as is also done in the US Congress? For lots more on government corruption, click here.


Vatican Revises Abuse Process, but Causes Stir
2010-07-16, New York Times
http://www.nytimes.com/2010/07/16/world/europe/16vatican.html

The Vatican issued revisions to its internal laws on [July 15] making it easier to discipline sex-abuser priests, but caused confusion by also stating that ordaining women as priests was as grave an offense as pedophilia. The decision to link the issues appears to reflect the determination of embattled Vatican leaders to resist any suggestion that pedophilia within the priesthood can be addressed by ending the celibacy requirement or by allowing women to become priests. The Vatican spokesman, the Rev. Federico Lombardi, said the changes showed the church’s commitment to tackling child sexual abuse with “rigor and transparency.” Those measures fell short of the hopes of many advocates for victims of priestly abuse, who dismissed them as “tweaking” rather than a bold overhaul. The new rules do not, for example, hold bishops accountable for abuse by priests on their watch, nor do they require them to report sexual abuse to civil authorities. But what astonished many Catholics was the inclusion of the attempt to ordain women in a list of the “more grave delicts,” or offenses, which included pedophilia, as well as heresy, apostasy and schism. The issue, some critics said, was less the ordination of women, which is not discussed seriously inside the church hierarchy, but the Vatican’s suggestion that pedophilia is a comparable crime in a document billed a response to the sexual abuse crisis.

Note: For lots more from reliable sources on the secrecy of powerful institutions, click here.


Katrina Cover-Up: Cops May Face Death Penalty
2010-07-14, ABC News/Associated Press
http://abcnews.go.com/GMA/orleans-police-face-death-penalty-hurricane-katrina...

Four police officers, charged with shooting and killing two unarmed civilians on a bridge in the days after Hurricane Katrina, could face the death penalty. Those four officers and two others are accused of gunning down citizens and trying to cover it up. Five other former police officers have already pleaded guilty to helping cover up the killings, bringing the total to 11 charged so far. The entire New Orleans police department is under investigation, stemming from allegations of misconduct. Initially, police said they fired in self-defense. [On July 13] the Justice Department said that statement was based on a lie, and that the officers shot civilians without cause and planted a gun at the scene as part of an elaborate cover-up, which included creating fictional witnesses and falsifying police reports. Tuesday's charges come one month after five current or former New Orleans police officers were accused of fatally shooting 31-year-old resident Henry Glover, and then burning his body in a car to cover up the crime.

Note: For key reports on Hurricane Katrina and its amazing aftermath, click here.


State Supreme Court allows price-fixing suit
2010-07-13, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/12/BUR31ED6VO.DTL

California retailers who accuse manufacturers of scheming to inflate prices scored a significant legal victory [on July 12] when the state Supreme Court allowed them to sue for triple damages despite their ability to pass higher charges along to customers. The court unanimously reinstated a price-fixing suit by a group of pharmacies that accused major drug companies of conspiring to overcharge purchasers by as much as 400 percent from 2000 to 2004. While denying the allegations, the companies also argued that pharmacists could avoid any damages by raising their own prices. Overturning lower-court rulings that dismissed the suit, the court said a "pass-on" defense - allowing manufacturers to avoid damages for illegal overcharges that could be passed on to consumers - is unavailable in California. Justice Kathryn Mickle Werdegar ... said enforcement of the law is promoted by allowing a retailer or wholesaler who buys directly from the manufacturer to seek damages - tripled under antitrust law - for overcharges caused by price-fixing. If such suits were prohibited, Werdegar said, overcharged retailers would have to choose between absorbing the losses or raising their prices and potentially losing sales. Such a ban might allow manufacturers to fix prices with impunity, Werdegar said, because individual consumers' losses might be too small to make a suit worthwhile.

Note: The ruling in Clayworth vs. Pfizer, S166435, can be viewed at www.courtinfo.ca.gov/opinions/documents/S166435.PDF.


U.S. Plans Cyber Shield for Utilities, Companies
2010-07-08, Wall Street Journal
http://online.wsj.com/article/SB10001424052748704545004575352983850463108.html

The federal government is launching an expansive program dubbed "Perfect Citizen" to detect cyber assaults on private companies and government agencies running such critical infrastructure as the electricity grid and nuclear-power plants. The surveillance by the National Security Agency, the government's chief eavesdropping agency, would rely on a set of sensors deployed in computer networks for critical infrastructure that would be triggered by unusual activity suggesting an impending cyber attack. Defense contractor Raytheon Corp. recently won a classified contract for the initial phase of the surveillance effort valued at up to $100 million. Some industry and government officials familiar with the program see Perfect Citizen as an intrusion by the NSA into domestic affairs. One internal Raytheon email, the text of which was seen by The Wall Street Journal [said,] "Perfect Citizen is Big Brother." Raytheon declined to comment on this email. The information gathered by Perfect Citizen could also have applications beyond the critical infrastructure sector, officials said, serving as a data bank that would also help companies and agencies who call upon NSA for help with investigations of cyber attacks, as Google did when it sustained a major attack late last year.

Note: For key reports of government and corporate surveillance from reliable sources, click here.


Phys Ed: Your Brain on Exercise
2010-07-07, New York Times
http://well.blogs.nytimes.com/2010/07/07/your-brain-on-exercise/

What goes on inside your brain when you exercise? That question has preoccupied a growing number of scientists in recent years, as well as many of us who exercise. Some of the most reverberant recent studies were performed at Northwestern University’s Feinberg School of Medicine in Chicago. There, scientists have been manipulating the levels of bone-morphogenetic protein or BMP in the brains of laboratory mice. In the brain, BMP has been found to contribute to the control of stem cell divisions. Your brain, you will be pleased to learn, is packed with adult stem cells, which, given the right impetus, divide and differentiate into either additional stem cells or baby neurons. As we age, these stem cells tend to become less responsive. They don’t divide as readily and can slump into a kind of cellular sleep. It’s BMP that acts as the soporific, says Dr. Jack Kessler, the chairman of neurology at Northwestern and senior author of many of the recent studies. But exercise countermands some of the numbing effects of BMP, Dr. Kessler says. In work at his lab, mice given access to running wheels had about 50 percent less BMP-related brain activity within a week. They also showed a notable increase in Noggin, a beautifully named brain protein that acts as a BMP antagonist. “If ever exercise enthusiasts wanted a rationale for what they’re doing, this should be it,” Dr. Kessler says. Exercise, he says, through a complex interplay with Noggin and BMP, helps to ensure that neuronal stem cells stay lively and new brain cells are born.

Note: For many excellent reports from reliable sources on important health issues, click here.


Secret document affirms U.S.-Israel nuclear partnership
2010-07-07, Ha'aretz (One of Israel's leading newspapers)
http://www.haaretz.com/news/diplomacy-defense/report-secret-document-affirms-...

Israel's Army Radio reported on [July 7] that the United States has sent Israel a secret document committing to nuclear cooperation between the two countries. The U.S. has reportedly pledged to sell Israel materials used to produce electricity, as well as nuclear technology and other supplies, despite the fact that Israel is not a signatory of the Nuclear Non-Proliferation Treaty. Other countries have refused to cooperate with Israel on nuclear matters because it has not signed the NPT, and there has been increasing international pressure for Israel to be more transparent about its nuclear arsenal. Army Radio's diplomatic correspondent said the reported offer could put Israel on a par with India, another NPT holdout which is openly nuclear-armed but in 2008 secured a U.S.-led deal granting it civilian nuclear imports. Israel neither confirms nor denies having nuclear weapons under an "ambiguity" strategy billed as warding off foes while avoiding public provocations that can spark regional arms races. The official reticence, and its toleration in Washington, has long aggrieved many Arabs and Iranians - especially given U.S.-led pressure on Tehran to rein in its nuclear program.

Note: For many key reports on the government secrecy from reliable sources, click here.


Cases against soldiers have Israel wondering
2010-07-07, Los Angeles Times
http://articles.latimes.com/2010/jul/07/world/la-fg-gaza-war-crimes-20100708

A short but growing list of criminal indictments and disciplinary actions stemming from Israel's offensive in the Gaza Strip 18 months ago [supports] the conclusion last year by [a] United Nations-appointed panel that Israel committed war crimes, targeted civilians and used disproportionate force. The facts and findings were dismissed by the government as deeply flawed, and [UN] panel chairman Richard Goldstone, a Jewish jurist from South Africa, was reviled in Israel as a traitor and even anti-Semitic. But the military's own investigations during the last six months have now verified some of the panel's findings. In seven cases disclosed so far, the military found that a sniper "deliberately targeted" civilians; soldiers used Palestinians, including a 9-year-old boy, as human shields; and commanders authorized at least three separate bomb attacks that killed and injured several dozen civilians who were taking refuge in a family home, a U.N. compound and a mosque. "The military is finding out that some of what Goldstone said is true, even though no one wants to admit it," said Gershon Baskin, a political consultant and former Labor Party advisor. "This should indicate that there needs to be deeper investigation."

Note: For many key reports on the horrific realities of the wars in the Middle East and Central Asia, click here.


Cholesterol-Busting Statins: Study Raises New Concerns
2010-06-29, ABC News
http://abcnews.go.com/Health/HeartHealth/cholesterol-busting-statins-study-ra...

Nearly two years ago, a study known as the JUPITER [Justification for the Use of Statins in Primary Prevention] trial hinted at a new era in the use of statins -- one in which the cholesterol-busting drugs could be used to stave off heart-related death in many more people than just those with high cholesterol. Now, however, researchers behind a new review that takes a second look at the findings of the landmark study say that these results are flawed -- and that they do not support the benefits initially reported. Not only did this second look turn up no evidence of the "striking decrease in coronary heart disease complications" reported by investigators behind JUPITER, but it has also called into question drug companies' involvement in such trials, according to an article in the June 28 issue of Archives of Internal Medicine. Moreover, Dr. Michel de Lorgeril of Joseph Fourier University and the National Center of Scientific Research in Grenoble, France, and coauthors argue that major discrepancies exists between the significant reductions in nonfatal stroke and heart attacks reported in the JUPITER trial and what has been found in other research. "The JUPITER data set appears biased," Lorgeril and coauthors wrote in conclusion. De Lorgeril and coauthors point out that nine of 14 authors of the JUPITER article have financial relationships with AstraZeneca, which sponsored the trial.

Note: There is intriguing evidence that much of the fear around cholesterol was fabricated to sell drugs. For more on this, see the article by one of the most respected doctors on the Internet at this link.


Genetically Altered Salmon Get Closer to the Table
2010-06-26, New York Times
http://www.nytimes.com/2010/06/26/business/26salmon.html

The Food and Drug Administration is seriously considering whether to approve the first genetically engineered animal that people would eat — salmon that can grow at twice the normal rate. The salmon’s approval would help open a path for companies and academic scientists developing other genetically engineered animals. The salmon was developed by a company called AquaBounty Technologies and would be raised in fish farms. It is an Atlantic salmon that contains a growth hormone gene from a Chinook salmon as well as a genetic on-switch from the ocean pout, a distant relative of the salmon. Under a policy announced in 2008, the F.D.A. is regulating genetically engineered animals as if they were veterinary drugs and using the rules for those drugs. And applications for approval of new drugs must be kept confidential by the agency. Critics say the drug evaluation process does not allow full assessment of the possible environmental impacts of genetically altered animals and also blocks public input. “There is no opportunity for anyone from the outside to see the data or criticize it,” said Margaret Mellon, director of the food and [agriculture] program at the Union of Concerned Scientists. When consumer groups were invited to discuss biotechnology policy with top F.D.A. officials last month, Ms. Mellon said she warned the officials that approval of the salmon would generate “a firestorm of negative response.”

Note: For a valuable summary of the dangers of genetically engineered foods, click here.


Is Using Dispersants on the BP Gulf Oil Spill Fighting Pollution with Pollution?
2010-06-18, Scientific American
http://www.scientificamerican.com/article.cfm?id=is-using-dispersants-fightin...

Roughly five million liters of dispersants have now been used to break up the oil spilling into the Gulf of Mexico, making this the largest use of such chemicals in U.S. history. And there is no doubt that dispersants are toxic: Both types of the dispersal compound COREXIT used in the Gulf so far are capable of killing or depressing the growth of a wide range of aquatic species, ranging from phytoplankton to fish. But the U.S. Environmental Protection Agency (EPA), for one, has become concerned about the toxicity of the most-used dispersant at the Gulf of Mexico spill–COREXIT 9500–and ordered BP to look at alternatives. The problem? The EPA's industry-generated data is unclear as to the relative toxicity of various dispersants. "If you think the data on COREXIT is bad, try to find any decent toxicology data on the alternatives," says toxicologist Carys Mitchelmore of the University of Maryland's Chesapeake Biological Laboratory, who helped write a 2005 National Research Council (NRC) report on dispersants. "I couldn't compare and contrast which one was more toxic than the other based on that."


Fed dodges bullet as House drops audit idea
2010-06-15, Reuters News
http://www.reuters.com/article/idUSN1527338120100615

The Federal Reserve scored a political victory ... as Democrats mulling financial reform backed off measures that would expose monetary policy to audits and make the head of the New York Fed a political appointee. The U.S. House of Representatives had approved a bill in December that included a provision, championed by Texas Representative Ron Paul, that would have opened the Fed's interest rate policy to congressional audits. But in a statement on Tuesday, House Democrats participating in negotiations over a final financial reform bill signaled a willingness to live with a narrower Senate audit provision that does not cover monetary policy. The Fed, which has admitted it was too complacent about regulatory oversight in the run-up to the global financial crisis, has come under heavy fire for being too close to the banks it regulates. The House Democrats also said they would try to defeat a plan contained in the Senate bill under debate that would allow the U.S. president to name the head of the New York Fed, a step that Fed officials have argued would undercut the central bank's political independence. The U.S. central bank appears to be emerging largely unscathed by the regulatory reform efforts. It successfully fought off a Senate push last month that would have stripped it of its oversight of smaller banks, and is poised to emerge as the most powerful financial regulator when reforms are complete.

Note: A news search on both Google and Yahoo revealed that MSNBC was the only media to pick up this Reuters story, yet MSNBC then removed the story. Why might that be?


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.

Kindly donate here to support this inspiring work.

Subscribe to our free email list of underreported news.

newsarticles.media is a PEERS empowerment website

"Dedicated to the greatest good of all who share our beautiful world"