News StoriesExcerpts of Key News Stories in Major Media
Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
After more than five years of delay that have angered and frustrated the victims’ families, an inquest opened on [October 11] into the [attacks] on the London transit system on July 7, 2005, that killed 52 people and the four bombers, and wounded more than 700 others. The inquest ... began with the presiding judge, Lady Heather Hallett, ... pledging in her opening remarks that she would undertake to keep the inquest as open as possible while protecting Britain’s national security. Lady Hallett said she would go as far as she could to meet the demand of the victims’ families to know why the country’s security and intelligence services did not act to prevent the bombings on the basis of what they knew about the attackers beforehand. The families’ demands have echoed those of victims’ relatives after the Sept. 11, 2001, attacks in the United States, but they have been amplified by the lengthy delay in holding the London inquest, which is the first comprehensive public inquiry into what have become known in Britain as the 7/7 attacks. The delay in opening the inquest has been officially explained as necessary to allow the police and other security agencies to complete their own investigations. As with the last inquest in Britain to become a focus of attention on a similar scale, the long-delayed investigation into the 1997 death in a Paris car crash of Diana, Princess of Wales, top officials of Britain’s major police and security agencies, Scotland Yard, MI5 and MI6, are expected to be called as witnesses.
Note: For powerful, reliable information that the 7/7 bombing was manipulated, click here. For analysis of the many unanswered questions surrounding the London bombing on 7/7, click here.
U.S. companies are rebounding quickly from the recession and posting near-historic profits, the result of aggressively re-tooling their operations to cope with lower revenue and an uncertain outlook. An analysis by The Wall Street Journal found that companies in the Standard & Poor's 500-stock index posted second-quarter profits of $189 billion, up 38% from a year earlier and their sixth-highest quarterly total ever, without adjustment for inflation. For all U.S. companies, the Commerce Department estimates second-quarter after-tax profits rose to an annual rate of $1.208 trillion, up 3.9% from the first quarter and up 26.5% from a year earlier. That annual rate is the highest on record, though it doesn't account for inflation. As a percentage of national income, after-tax profits were the third-highest since 1947, surpassed only by two quarters in 2006, near the peak of the last economic expansion. The data indicate that big companies are recovering from the downturn faster and more strongly than the overall economy, helping send stock prices higher this year. To achieve that performance, companies laid off hundreds of thousands of workers, closed less-profitable units, shifted work to cheaper regions and streamlined processes. Despite the hefty profits, executives aren't expected to boost spending on new employees, products and equipment anytime soon. "We've focused on permanent changes that won't have to be undone as sales improve," said John Riccitiello, chief executive of Electronic Arts.
Note: For highly revealing reports on income inequality, click here.
A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos as Bank of America [today] became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states. The move ... adds to growing concerns that mortgage lenders have been evicting homeowners using flawed court papers, without verifying the information in them. Bank of America Corp., the nation’s largest bank, said [its decision] applies to homes that the bank takes back itself and those that it transfers to investors such as mortgage giants Fannie Mae and Freddie Mac. The bank did so in reaction to mounting pressure from public officials inquiring about the accuracy of foreclosure documents. A document obtained last week by The Associated Press showed a Bank of America official acknowledging in a legal proceeding that she signed thousands of foreclosure documents a month and typically didn’t read them. The official, Renee Hertzler, said in a February deposition that she signed up to 8,000 such documents a month.
Note: For any who might be facing home foreclosure, don't miss the CNN News clip with important advice from a courageous congresswoman available here. For many key reports from reliable sources on the corrupt practices of major banks, click here.
The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the financial system, bankers catering to the very rich said [today]. Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit. "They don't only buy ETFs or futures; they buy physical gold," said Stadler, who runs the Swiss bank's services for clients with assets of at least $50 million to invest. UBS is recommending top-tier clients hold 7-10 percent of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,314.50 an ounce [today], near the record level reached last week. Julius Baer's chief investment officer for Asia is also recommending that wealthy investors park some of their assets in gold as a defensive stance following a string of lackluster U.S. data and amid concerns about currency weakness.
Note: Gold has increased from under $300/oz at the time of 9/11 to over $1,300 in Oct. 2010. Is it a bubble, or a sign that our economy could be collapsing?
If you want to understand the way prescription drugs are marketed today, have a look at the 1928 book, Propaganda, by Edward Bernays, the father of public relations in America. For Bernays, the public relations business was less about selling things than about creating the conditions for things to sell themselves. When Bernays was working as a salesman for Mozart pianos, for example, he did not simply place advertisements for pianos in newspapers. That would have been too obvious. Instead, Bernays persuaded reporters to write about a new trend: Sophisticated people were putting aside a special room in the home for playing music. Once a person had a music room, Bernays believed, he would naturally think of buying a piano. As Bernays wrote, "It will come to him as his own idea." Just as Bernays sold pianos by selling the music room, pharmaceutical marketers now sell drugs by selling the diseases that they treat. The buzzword is "disease branding." To brand a disease is to shape its public perception in order to make it more palatable to potential patients. Once a branded disease has achieved a degree of cultural legitimacy, there is no need to convince anyone that a drug to treat it is necessary. It will come to him as his own idea. It is hard to brand a disease without the help of physicians, of course. So drug companies typically recruit academic "thought leaders" to write and speak about any new conditions they are trying to introduce.
Note: This key topic is discussed in great depth in the BBC's documentary "Century of the Self" available here. And for a top doctor's analysis that the cholesterol scare was largely manufactured for profit, click here.
Nearly a million workers won't get a consumer protection in the U.S. health reform law meant to cap insurance costs because the government exempted their employers. Thirty companies and organizations, including McDonald's and Jack in the Box, won't be required to raise the minimum annual benefit included in low-cost health plans, which are often used to cover part-time or low-wage employees. The Department of Health and Human Services, which provided a list of exemptions, said it granted waivers in late September so workers with such plans wouldn't lose coverage from employers who might choose instead to drop health insurance altogether. Without waivers, companies would have had to provide a minimum of $750,000 in coverage next year, increasing to $1.25 million in 2012, $2 million in 2013 and unlimited in 2014.
Note: For lots more on corporate and government corruption from reliable sources, click here and here.
The Bill and Melinda Gates Foundation ... is being heavily criticised in Africa and the US for getting into bed not just with notorious GM company Monsanto, but also with agribusiness commodity giant Cargill. Trouble began when a US financial website published the foundation's annual investment portfolio, which showed it had bought 500,000 Monsanto shares worth around $23m. Seattle-based Agra Watch - a project of the Community Alliance for Global Justice - was outraged. "Monsanto has a history of blatant disregard for the interests and well being of small farmers around the world… [This] casts serious doubt on the foundation's heavy funding of agricultural development in Africa," it [said]. South Africa-based watchdog the African Centre for Biosafety then found that the foundation was teaming up with Cargill in a $10m project to "develop the soya value chain" in Mozambique and elsewhere. Who knows what this corporate-speak really means, but in all probability it heralds the big time introduction of GM soya in southern Africa. The fact is that Cargill is a faceless agri-giant that controls most of the world's food commodities and Monsanto has been blundering around poor Asian countries for a decade giving itself and the US a lousy name for corporate bullying. Does the foundation actually share their corporate vision of farming and intend to work with them more in future?
Note: To read how WantToKnow.info manager Fred Burks was blacklisted by Monsanto for reporting on its blatant disregard of the dangers of genetically modified foods, click here.
The commander of Canada's largest air force base is to plead guilty to the murder of two women and the sexual assault of two others, his lawyer says. Col Russell Williams once acted as pilot for Queen Elizabeth II and was in charge of Base Trenton in Ontario - Canada's busiest air force hub. His lawyer told an Ontario court he would plead guilty to all charges. He is also charged with 82 counts of breaking and entering. Prosecutors said he had stolen women's underwear. One woman was found dead in her house in November 2009. The other went missing in January this year. The murder victims were Marie Comeau, a 38-year-old corporal, who lived in Brighton, Ontario, and Jessica Lloyd, 27, a resident of Belleville, Ontario. The Ottawa Citizen newspaper reported that police had seized 500 items of women's underwear from Col Williams's home in Ottawa. "He was able to lead an elaborate double life and was able to keep it successfully concealed," said a senior officer who once promoted Col Williams, retired Lt-Gen Angus Watt.
Note: This kind of behavior in the top levels of the military may be much more common than you would expect. To understand more, learn about Kay Griggs, whose Marine colonel husband was deeply involved in this kind of thing at a high level. To watch a 10-minute video clip of Kay, click here. For more, click here.
Micro-asset financing is a relatively recent innovation in micro-finance - which is best known for small loans issued to people trying to escape poverty by starting a business - and is an example of how the field has explored different loan models. Kiva, celebrating its fifth anniversary on [October 13], took that experimentation to a new level in 2005 when it coupled the Internet and large numbers of individual lenders with needy borrowers. Using a Web portal, Kiva facilitates loans from individuals who can log onto its site and read borrowers' stories. Kiva partners with lending organizations in developing countries, which take the no-interest loans from Kiva and distribute them locally. Kiva lenders are paid back if the borrower succeeds, but do not earn interest. In recent years, with the help of Kiva, micro-finance as an anti-poverty tool has quickly grown in popularity. Economist Muhammad Yunus and his Grameen Bank in Bangladesh are credited with pioneering the micro-finance movement in the mid-1970s by lending small amounts of money to basket weavers. He won the Nobel Peace Prize in 2006 for his efforts. But the concept received much broader exposure in the United States after Kiva came along. Described by some as "the Internet generation's answer to charity," Kiva became the philanthropy du jour for a time, and in the United States, was endorsed by celebrities and academics alike.
Note: For our excellent essay on building a better world through microlending, please visit this link.
You could be on a secret government database or watch list for simply taking a picture on an airplane. Some federal air marshals say they're reporting your actions to meet a quota, even though some top officials deny it. The air marshals, whose identities are being concealed, told 7NEWS that they're required to submit at least one report a month. If they don't, there's no raise, no bonus, no awards and no special assignments. "Innocent passengers are being entered into an international intelligence database as suspicious persons, acting in a suspicious manner on an aircraft ... and they did nothing wrong," said one federal air marshal. These unknowing passengers who are doing nothing wrong are landing in a secret government document called a Surveillance Detection Report, or SDR. Air marshals told 7NEWS that managers in Las Vegas created and continue to maintain this potentially dangerous quota system. "Do these reports have real life impacts on the people who are identified as potential terrorists?" 7NEWS Investigator Tony Kovaleski asked. "Absolutely," a federal air marshal replied. "That could have serious impact ... They could be placed on a watch list. They could wind up on databases that identify them as potential terrorists or a threat to an aircraft. It could be very serious," said Don Strange, a former agent in charge of air marshals in Atlanta. He lost his job attempting to change policies inside the agency.
Note: For further reports on key civil liberties issues, click here.
It's easier to rig an electronic voting machine than a Las Vegas slot machine, says University of Pennsylvania visiting professor Steve Freeman. That's because Vegas slots are better monitored and regulated than America's voting machines, Freeman writes in a book, Was the 2004 Presidential Election Stolen?: Exit Polls, Election Fraud, and the Official Count, that argues, among other things, that President Bush may owe his 2004 win to an unfair vote count. Software: Slot Machine: State of Nevada has access to all software. Illegal to use software that is not on file. Voting Machine: Software is a trade secret. Spot Checking: Slot Machine: State gaming inspectors show up unannounced at casinos to compare computer chips with those on file. If there is a discrepancy, the machine is shut down and investigated. Voting Machine: No checks are required. Election officials have no chip to compare with the one found in the machine. Background Security: Slot Machine: Manufacturers subjected to background checks. Employees are investigated for criminal records. Voting Machine: Citizens have no way of knowing, for example, whether programmers have been convicted of fraud. Equipment Certification: Slot Machine: By a public agency at arm's length from manufacturers. Public questions invited. Voting Machine: By for-profit companies chosen and paid by the manufacturers. No public information on how the testing is done.
Note: For many revealing major media reports on the corruptibility of electronic voting systems, click here.
Outside this country, there is a widespread belief that U.S. military deployments in Central Asia mostly are about oil. An article in the Guardian of London headlined, "A pro-western regime in Kabul should give the U.S. an Afghan route for Caspian oil," foreshadowed the kind of skeptical coverage the U.S. war now receives in many countries. Author George Monbiot ... wrote that the U.S. oil company Unocal Corp. had been negotiating with the Taliban since 1995 to build "oil and gas pipelines from Turkmenistan, through Afghanistan and into Pakistani ports on the Arabian sea." Unocal pulled out of the deal after the 1998 terrorist attacks on U.S. embassies in Kenya and Tanzania were linked to terrorists based in Afghanistan. The terrorist acts of Sept. 11, though tragic, provided the Bush administration a [pretext] to invade Afghanistan, oust the recalcitrant Taliban and, coincidentally, smooth the way for the pipeline. To make things even smoother, the U.S. engineered the rise to power of two former Unocal employees: Hamid Karzai, the new interim president of Afghanistan, and Zalmay Khalizad, the Bush administration's Afghanistan envoy. [Uri] Averny, a former member of the Israeli Knesset ... argues that the war on terrorism provides a perfect pretext for America's imperial interests. "If one looks at the map of the big American bases created for the war, one is struck by the fact that they are completely identical to the route of the projected oil pipeline to the Indian Ocean." No wonder the rest of the world is a bit skeptical about our war on evildoers.
Note: Why do so few people know that these two top officials of Afghanistan were once paid by an American oil company? For important reports from major media sources on the realities of the "war on terror," click here.
Someone wrote to Wright Field recently, saying he understood this country had got together quite a collection of enemy war secrets, that many were now on public sale, and could he, please, be sent everything on German jet engines. 'The Army Air Forces' answered: "Sorry – but that would be fifty tons." Moreover, that fifty tons was just a small portion. Wright Field is working from a documents "mother lode" of fifteen hundred tons. It is estimated that over a million separate items ... very likely contain practically all the scientific, industrial, and military secrets of Germany. What did we find? The head of the communications unit ... showed me then what had been two of the most closely-guarded technical secrets of the war: the infra-red device which the Germans invented for seeing at night, and the remarkable diminutive generator which operated it. The diminutive generator – five inches across – stepped up current from an ordinary flashlight battery to 15,000 volts. It had a walnut-sized motor which spun a rotor at 10,000 rpm. The generator then ran 3,000 hours! "As for medical secrets in this collection," one Army-surgeon has remarked, "some of them will save American medicine years of research; some of them are revolutionary – like, for instance, the German technique for treatment after prolonged and usually fatal exposure to cold." This discovery ... reversed everything medical science thought about the subject. And in aeronautics and guided missiles [the secrets] proved to be downright alarming. Army Air Force experts declare publicly that in rocket power and guided missiles the Nazis were ahead of us by at least ten years.
Note: To read the entire fascinating article, click here. To verify this article on the Harper's Magazine website, click here. How can the Nazi technology have been so far superior to that of the allies? For the riveting testimony of numerous military officers on the back engineering of UFO technologies, click here.
For months, companies have been sitting on the sidelines with record piles of cash. Now they're starting to deploy some of that money - not to hire workers or build factories, but to prop up their share prices. Sitting on these unprecedented levels of cash, U.S. companies are buying back their own stock in droves. So far this year, firms have announced they will purchase $273 billion of their own shares, more than five times as much compared with this time last year, according to Birinyi Associates, a stock market research firm. But the rise in buybacks signals that many companies [do not plan to] spend their cash on the job-generating activities that could produce economic growth. "They don't know what they want to do with all the cash they're sitting on," said Zachary Karabell, president of RiverTwice Research. Historically low interest rates are also prompting some companies to borrow to repurchase shares. Microsoft, for instance, borrowed $4.75 billion last month by issuing new bonds at rock-bottom interest rates and announced it would use some of that money to buy back shares. The company already has nearly $37 billion in cash. A share buyback is a quick way to make a stock more attractive to Wall Street. It improves a closely watched metric known as earnings per share, which divides a company's profit by the total number of shares on the market. Such a move can produce a sudden burst of interest in a stock, improving its price.
Note: For lots more from reliable sources on the massive profiteering by corporate recipients of government financial largesse, click here.
Government scientists wanted to tell Americans early on how bad the BP oil spill could get, but the White House denied their request to make the worst-case models public, a report by the staff of the national panel investigating the spill said Wednesday. Although not a final report, it could raise questions over whether the Obama administration tried to minimize the extent of the BP oil spill, the worst man-made environmental disaster in U.S. history. The staff paper said that underestimating the flow rates "undermined public confidence in the federal government's response" by creating the impression that the government was either incompetent or untrustworthy. The paper said that the loss of trust "fuels public fears." In a separate report, the commission's staff concluded that despite the Coast Guard's insistence that it was always responding to the worst-case scenario, the failure to have an accurate flow rate slowed the response and lulled Obama administration officials into a false belief that the spill would be controlled easily. The first report said that the "decision to withhold worst-case discharge figures" may have been made at a high level. It said that in late April or early May, the National Oceanic and Atmospheric Administration "wanted to make public some of its long-term, worst-case discharge models for the Deepwater Horizon spill, and requested approval to do so from the White House's Office of Management and Budget. Staff was told that the Office of Management and Budget denied NOAA's request."
Note: For key reports on government corruption, click here.
A US terror alert issued this week about al-Qaida plots to attack targets in western Europe was politically motivated and not based on credible new information, senior Pakistani diplomats and European intelligence officials have told the Guardian. The non-specific US warning ... was an attempt to justify a recent escalation in US drone and helicopter attacks inside Pakistan that have "set the country on fire", said Wajid Shamsul Hasan, the high commissioner to Britain. Hasan ... suggested the Obama administration was playing politics with the terror threat before next month's midterm congressional elections. "I will not deny the fact that there may be internal political dynamics, including the forthcoming midterm American elections," Hasan said. European intelligence officials also pointed the finger at the US, and specifically at the White House. "To stitch together [the terror plot claims] in a seamless narrative is nonsensical," said one well-placed official. By making it clear that the US drone strikes were pre-emptive, and were not in any way combating an imminent threat, European officials raised fresh questions ... about the legality of the attacks, which could be viewed as assassinations. They said Washington was the "driver" behind claims about a series of "commando-style" plots and that the CIA – perhaps because it was worried about provoking unwelcome attention to its drone strikes – was also extremely annoyed by the publicity given to them.
Note: For highly revealing reports from major media sources on the hidden realities of the "Global War on Terror," click here.
The astounding revelation that U.S. medical researchers intentionally gave Guatemalans gonorrhea and syphilis more than 60 years ago is so horrifying that we want to believe that what happened then could never happen today. A report from the United States Department of Health and Human Services noted that roughly 80 percent of drug approvals in 2008 were based in part on data from outside the U.S. Susan Reverby, a distinguished historian at Wellesley College in Massachusetts, has ... long researched the infamous Tuskegee Syphilis Study, the experiment where poor, black men in rural Alabama were deliberately left untreated for syphilis by government researchers. The study, somehow, was allowed to run from 1932 to 1972. More recently, Reverby came across documents that showed that Dr. John C. Cutler, a physician who would later be one of the researchers involved in the Tuskegee study, was involved in a completely unethical research study much earlier in Guatemala. Cutler, who went to his grave defending the Tuskegee experiment, directly inoculated unknowing prisoners in Guatemala with syphilis and also encouraged them to have sex with diseased prostitutes for his research from 1946-48. His work was sponsored by lauded organizations such as the United States Public Health Service, the National Institutes of Health with collaboration of the Pan American Health Sanitary Bureau (now the Pan American Health Organization), and the Guatemalan government.
Note: The author of this commentary is Arthur Caplan, director of the Center for Bioethics at the University of Pennsylvania. For many other examples of government-sponsored experimentation on human guinea pigs, click here.
A document obtained and witnesses interviewed by Fox News raise new questions over whether there was an effort by the Defense Department to cover up a pre-9/11 military intelligence program known as "Able Danger." At least five witnesses questioned by the Defense Department's Inspector General told Fox News that their statements were distorted by investigators in the final IG's report -- or it left out key information, backing up assertions that lead hijacker Mohammed Atta was identified a year before 9/11. Lt. Col Tony Shaffer, an operative involved with Able Danger [and author of Operation Dark Heart, a recent book which discussed the Able Danger operation, and all copies of which were destroyed by the Pentagon] said, "My last interview was very, very hostile." When asked why the IG's report was so aggressive in its denials of his claims and those of other witnesses -- that the data mining project had identified Atta as a threat to the U.S. before 9/11 -- Shaffer said [the] Defense Department was worried about taking some of the blame for 9/11. Specifically, the Defense Intelligence Agency ... wanted the removal of references to a meeting between Shaffer and the executive director of the 9/11 Commission, Philip Zelikow, removed. Shaffer alleges that in that meeting, which took place in Afghanistan, the commission was told about Able Danger and the identification of Atta before the attacks. Shaffer, who was undercover at the time, said there was "stunned silence" at the meeting. No mention of this was made in the final 9/11 Commission report.
Note: Able Danger was the program which identified Mohamed Atta and three other alleged 9/11 hijackers as a potential terror threat before 9/11. To read major media reports on the intense controversy around this program (which is likely why Shaffer's book is being burned by the Pentagon), click here. For a highly revealing Fox News interview with Col. Shaffer on these major deceptions, click here.
Ahmed Wali Karzai, the half-brother of Afghanistan’s president and boss of the strategically important Kandahar province, has been on the CIA payroll for over a decade, Bob Woodward writes in his new book, Obama’s Wars. By the fall of 2008, Woodward says, “Ahmed Wali Karzai had been on the CIA payroll for years, beginning before 9/11. He had belonged to the CIA's small network of paid agents and informants inside Afghanistan. In addition, the CIA paid him money through his half-brother, the president.” Hamid Karzai was plucked from obscurity and installed as president after U.S.-backed Afghan forces chased the Taliban from power following the Sept. 11, 2001, attacks. There have been many accounts of his brother’s relationship with the CIA over the years, leaving the impression that he is a CIA “agent,” i.e., a controlled asset of the spy agency. But Woodward’s account of the CIA’s relationship with Karzai, who has also been accused repeatedly -- but not charged with -- protecting the illicit opium trade, is more nuanced. “He was not in any sense a controlled agent who always responded to U.S. and CIA requests and pressure,” Woodward writes. “He was his own man, playing all sides against the others -- the United States, the drug dealers, the Taliban and even his brother if necessary.”
Note: What this article fails to mention is that President Karzai was also an employee of the major oil company Unocal, as reported in this Chicago Tribune article.
News that the US is buying custom-made vans packed with something called backscatter X-ray capacity has riled privacy advocates and sparked internet worries about "feds radiating Americans." American Science & Engineering, a Billerica, Mass.-company, tells Forbes it [has] sold more than 500 ZBVs, or Z Backscatter Vans, to US and foreign governments. The Department of Defense has bought the most for war zone use, but US law enforcement has also deployed the vans to [use] inside the US, according to Joe Reiss, a company spokesman. On [September 28], a counterterror operation snarled truck traffic on I-20 near Atlanta, where Department of Homeland Security teams used mobile X-ray technology to check the contents of truck trailers. Authorities said the inspections weren't prompted by any specific threat. Backscatter X-ray is already part of an ongoing national debate about its use in so-called full body scanners being deployed in many US airports. [Critics] worry that radiating Americans without their knowledge is evidence of gradually eroding constitutional protections in the post-9/11 age. "This is another way in which the government is capturing information they may lose control over. I just have some real problems with the idea of even beginning a campaign of rolling surveillance of American citizens, which is what this essentially is said [Vermont-based privacy expert Frederick Lane, author of American Privacy.]
Note: For further reports from reliable sources on the militarization of US police forces, click here.
Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.