Please donate here to support this vital work.
Revealing News For a Better World

News Stories
Excerpts of Key News Stories in Major Media


Below are highly revealing excerpts of key news stories from the major media that suggest major cover-ups and corruption. Links are provided to the full stories on their media websites. If any link fails to function, read this webpage. These news stories are listed by date posted. You can explore the same list by order of importance or by date of news story. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

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.


Report Details Torture at Secret Baghdad Prison
2010-04-28, New York Times
Posted: 2010-05-03 20:45:22
http://www.nytimes.com/2010/04/28/world/middleeast/28baghdad.html

The torture of Iraqi detainees at a secret prison in Baghdad was far more systematic and brutal than initially reported, Human Rights Watch reported. Human Rights Watch ... documented its findings, which it described as “credible and consistent,” in a draft report provided to The New York Times. The group said it had interviewed 42 detainees who displayed fresh scars and wounds. Many said they were raped, sodomized with broomsticks and pistol barrels, or forced to engage in sexual acts with one another and their jailers. All said they were tortured by being hung upside down and then whipped and kicked before being suffocated with a plastic bag. Those who passed out were revived, they said, with electric shocks to their genitals and other parts of their bodies. “The horror we found suggests torture was the norm in Muthanna,” said Joe Stork, deputy director of the Middle East program at Human Rights Watch. “Security officials whipped detainees with heavy cables, pulled out finger and toenails, burned them with acid and cigarettes, and smashed their teeth,” Human Rights Watch said.

Note: For more on the atrocities committed by the US and its recent wars, click here.


Organic, small farmers fret over FDA regulation
2010-04-27, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2010-05-03 20:43:12
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/04/27/MNKM1D3C5H.DTL

Small farmers in California who have led a national movement away from industrial agriculture face a looming crackdown on food safety that they say is geared to big corporate farms and will make it harder for them to survive. The small growers, many of whom grow dozens of different kinds of vegetables and fruits, say the inherent benefits of their size, and their sensitivity to extra costs, are being ignored. They are fighting to carve out a sanctuary in legislation that would bring farmers under the strict purview of the Food and Drug Administration. The FDA would gain greater authority to regulate how products are grown, stored, transported, inspected, traced from farm to table and recalled when needed. But ... organic growers argue that the problems that have plagued the food industry lie elsewhere. They point to the sale of bagged vegetables, cut fruit and other processed food in which vast quantities of produce from different farms are mixed, sealed in containers and shipped long distances, creating a host for harmful bacteria. The legislation does not address what some experts suspect is the source of E. coli contamination: the large, confined animal feeding operations. "It does not take on the industrial animal industry and the abuses going on," said Tom Willey of T&D Willey Farms in Madera.

Note: For an amazing trove of articles from reliable sources detailing the FDA's corruption in the interest of major corporations, click here.


GM repays federal loan with government money
2010-04-27, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2010-05-03 20:41:45
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/04/26/BUS91D55HR.DTL

You'd think that General Motors Co., having been rescued by U.S. taxpayers, would be more up-front with them. In an ad that has been blanketing the airwaves since last week, General Motors Chairman and chief executive Ed Whitacre boasts that "we have repaid our government loan, in full, with interest, five years ahead of the original schedule." In a press release, Whitacre said GM was able to repay the loans "because more customers are buying vehicles like the Chevrolet Malibu and Buick LaCrosse." Neither the ad nor the press release mentioned that GM repaid its government loan with other government money, or that U.S. taxpayers could lose money on the roughly $50 billion they still have invested in General Motors. In a letter to Treasury Secretary Timothy Geithner last week, Sen. Chuck Grassley, R-Iowa, said the repayment "appears to be nothing more than an elaborate TARP money shuffle."

Note: For lots more on the bailout shell game from reliable sources, click here.


Report Says SEC Missed Many Shots at Stanford
2010-04-17, Wall Street Journal
Posted: 2010-05-03 20:40:17
http://online.wsj.com/article/SB10001424052702303491304575188220570802084.html

The Securities and Exchange Commission suspected Texas financier R. Allen Stanford of running a Ponzi scheme as early as 1997 but took more than a decade to pursue him seriously. The report by the SEC's inspector general says SEC examiners concluded four times between 1997 and 2004 that Mr. Stanford's businesses were fraudulent, but each time decided not to go further. It singles out the former head of the SEC's enforcement office in Fort Worth, Texas, accusing him of repeatedly quashing Stanford probes and then trying to represent Mr. Stanford as a lawyer in private practice. The former SEC official, Spencer Barasch, is now a partner at law firm Andrews Kurth LLP. The inspector general referred Mr. Barasch for possible disbarment from practicing law. Mr. Stanford was indicted last June and accused of orchestrating a Ponzi scheme that swindled investors out of $7 billion. SEC Inspector General David Kotz's report suggests the agency's mistakes in the Stanford case were in part the result of a culture that favored easily resolved cases over messier ones. Cases such as the alleged Stanford fraud weren't considered "quick-hit" and "slam-dunk," and examiners were discouraged from pursuing them, Mr. Kotz found.

Note: For many more examples from major media sources of the astonishing performance of the SEC in the runup to the Wall Street crisis, click here.


Sempra agrees to major refund for energy crisis
2010-04-29, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2010-05-03 20:38:08
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/04/28/BUQ41D6D34.DTL

Sempra Energy has agreed to pay about $410 million to settle claims that it played Enron-style games with California's electricity market during the 2000-01 energy crisis, state officials said. Houston's Enron, as well as other companies, used a variety of tactics to create the appearance of congested power lines in some instances and energy shortages in others. Electricity prices soared, and rolling blackouts rippled across the state. Enron traders were caught on audio tape bragging about how much their trading schemes were costing "Grandma Millie," their derisive term for the California utility customer. The crisis forced the state to buy expensive long-term power contracts that Californians are still paying off, month by month, on their utility bills. Pacific Gas and Electric Co., the state's largest utility, tumbled into bankruptcy as a result of soaring wholesale power prices. And Gov. Gray Davis lost his job in a recall election fueled by public anger over his handling of the crisis. Since then, the state government has reached 39 settlement agreements with energy companies for a total of $3.2 billion.

Note: To see how blatant the corruption is, watch the tapes of Enron traders laughing at causing traffic accidents at this link. For many more examples of corporate corruption reported by reliable, verifiable sources, click here.


Government must inform us of cell phone risk
2010-04-28, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2010-05-03 20:35:54
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/04/27/EDMB1D58TC.DTL

A huge, 30-year study called COSMOS has been launched in Europe to determine whether cell phones cause cancer and other health problems. Meanwhile, policymakers in Sacramento are considering legislation to ensure people know how much radiation their cell phones emit. The wireless industry vigorously opposes such legislation. It argues that its phones comply with regulations, and there is no consensus about risks so people don't need to know this. Our research review published in the Journal of Clinical Oncology found alarming results to the contrary. We reviewed 23 case-control studies that examined tumor risk due to cell phone use. Although as a whole the data varied, among the 10 higher quality studies, we found a harmful association between phone use and tumor risk. The lower quality studies, which failed to meet scientific best practices, were primarily industry funded. The 13 studies that investigated cell phone use for 10 or more years found a significant harmful association with tumor risk, especially for brain tumors, giving us ample reason for concern about long-term use. Nine nations have issued precautionary warnings. It is time for our government to require health warnings and publicize simple steps to reduce the health risks of cell phone use.

Note: For key reports on health issues from reliable sources, click here.


Colleague Disputes Case Against Anthrax Suspect
2010-04-23, New York Times
Posted: 2010-05-03 20:33:55
http://www.nytimes.com/2010/04/23/us/23anthrax.html

A former Army microbiologist who worked for years with Bruce E. Ivins, whom the F.B.I. has blamed for the anthrax letter attacks that killed five people in 2001, told a National Academy of Sciences panel on [April 22] that he believed it was impossible that the deadly spores had been produced undetected in Dr. Ivins�s laboratory, as the F.B.I. asserts. Asked by reporters after his testimony whether he believed that there was any chance that Dr. Ivins, who committed suicide in 2008, had carried out the attacks, the microbiologist, Henry S. Heine, replied, �Absolutely not.� At the Army�s biodefense laboratory in Maryland, where Dr. Ivins and Dr. Heine worked, he said, �among the senior scientists, no one believes it.� Dr. Heine told the 16-member panel, which is reviewing the F.B.I.�s scientific work on the investigation, that producing the quantity of spores in the letters would have taken at least a year of intensive work using the equipment at the army lab. Such an effort would not have escaped colleagues� notice, he added later, and lab technicians who worked closely with Dr. Ivins have told him they saw no such work. �Whoever did this is still running around out there,� Dr. Heine said. �I truly believe that.�

Note: For more on the still-unsolved anthrax attacks, click here.


Cancer drug stops spread in its tracks
2010-04-22, WPTV NewsChannel 5 (West Palm Beach, FL NBC affiliate)
Posted: 2010-05-03 20:30:41
http://www.wptv.com/content/health/specialreports/story/Cancer-drug-stops-spr...

Cancer patients reeling from metastasis may be on the verge of a major victory. Researchers at Weill Cornell Medical College say new anti-cancer agents may stop metastasis -- or the migration of cancer cells from a tumor to other parts of the body -- dead in its tracks. “More than 90 percent of cancer patients die from tumors spreading,” Dr. Xin-Yun Huang, a professor in the Department of Physiology and Biophysics at Weill Cornell Medical College, [said]. “In turn,” he continued “[this] may increase the survival rate." Researchers found mice implanted with cancer cells and treated with the small molecule macroketone lived a full life without any cancer spread, compared to control animals -- which all died from metastasis. Dr. Huang and his team have been focusing on macroketone since 2003, and he admits to being extremely excited about the future possibilities for his research. While information-gathering is still in its early stages, Dr. Huang says it’s possible his team could get the green light for clinical trials in the near future.

Note: For more on this exciting development, click here. And why isn't this getting fast-track approval for studies? To learn how cancer cures which threaten billions in pharmaceutical losses are supressed, click here.


Flouridation may not do much for cavities
2010-04-15, Globe and Mail(One of Canada's Leading Newspapers)
Posted: 2010-05-03 20:28:06
http://www.theglobeandmail.com/life/health/ontario-fluoride-may-make-minor-di...

When it comes to fluoridating drinking water, Ontario and Quebec couldn't be further apart. Ontario has the country's highest rate of adding the tooth-enamel-strengthening chemical into municipal supplies, while Quebec has one of the lowest, with practically no one drinking fluoridated water. But surprisingly, the two provinces have very little difference in tooth-decay rates, a finding that is likely to intensify the ongoing controversy over the practice of adding fluoride to water as a public health measure. Quebeckers have more cavities than people in Ontario, but the difference is slight. Among children 6 to 19, considered the most decay-prone part of the population, the rate in Ontario was lower by less than half a cavity per child. In the 6-11 age group, Ontario kids have 3.5 per cent fewer cavities than those in Quebec: 1.7 cavities compared to 1.76.

Note: For key reports on health issues from reliable sources, click here.


Freaky Physics Hints Parallel Universes May Exist
2010-04-05, Fox News
Posted: 2010-05-03 20:25:33
http://www.foxnews.com/scitech/2010/04/05/freaky-physics-proves-parallel-univ...

A strange discovery by quantum physicists at the University of California [at] Santa Barbara means that an object you can see in front of you may exist simultaneously in a "parallel universe" -- a multi-state condition that has scientists theorizing that traveling through time may be much more than just the plaything of science fiction writers. And it's all because of a tiny bit of metal -- a "paddle" about the width of a human hair, an item that is incredibly small but still something you can see with the naked eye. UC Santa Barbara's Andrew Cleland cooled that paddle in a refrigerator, dimmed the lights and, under a special bell jar, sucked out all the air to eliminate vibrations. He then plucked it like a tuning fork and noted that it moved and stood still at the same time. That sounds contradictory, ... but it actually happened. It's a freaky fact that's at the heart of quantum mechanics. Sean Carroll, a physicist at the California Institute of Technology ... accepts the scientific basis for the multi-verse -- even if it cannot be proven. "Unless you can imagine some super-advanced alien civilization that has figured this out, we aren't affected by the possible existence of other universes," Carroll said. But he does think "someone could devise a machine that lets one universe communicate with another."


USDA Backs Production of Rice With Human Genes
2007-03-02, Washington Post
Posted: 2010-05-03 20:23:06
http://www.washingtonpost.com/wp-dyn/content/article/2007/03/01/AR20070301014...

The Agriculture Department has given a preliminary green light for the first commercial production of a food crop engineered to contain human genes, reigniting fears that biomedically potent substances in high-tech plants could escape and turn up in other foods. The plan ... calls for large-scale cultivation in Kansas of rice that produces human immune system proteins in its seeds. The proteins are to be extracted for use as an anti-diarrhea medicine and might be added to health foods such as yogurt and granola bars. Critics are assailing the effort, saying gene-altered plants inevitably migrate out of their home plots. In this case, they said, that could result in pharmacologically active proteins showing up in the food of unsuspecting consumers. Although the proteins are not inherently dangerous, there would be little control over the doses people might get exposed to, and some might be allergic to the proteins, said Jane Rissler of the Union of Concerned Scientists. "This is not a product that everyone would want to consume," Rissler said, adding that other companies grow such plants indoors or in vats. "It is unwise to produce drugs in plants outdoors."

Note: For a detailed analysis of the dangers of this genetically-modified rice program, click here.


A dark history revealed
1992-08-14, CBC News (Canada's Public Broadcasting Network)
Posted: 2010-05-03 20:21:08
http://archives.cbc.ca/society/youth/topics/1633/

During the reign of Quebec Premier Maurice Duplessis in the 1940s and 1950s, an alarming number of healthy children living in sanctuaries were hastily diagnosed as mentally incompetent, psychotic patients. The diagnoses were always swift — the children went to bed orphans and woke up psychiatric patients. The reason? Shrewd fiscal planning; federal subsidies paid out more to hospitals than to orphanages. Some children allegedly endured lobotomies, electroshock, straitjackets and abuse. For the rest of their lives they would struggle to bring attention to their story and demand compensation. They called themselves the Duplessis Orphans. Born out of wedlock and deemed "children of sin," [these] thousands of Quebec children were cut off from society and sent to orphanages during the 1940s and 1950s. Many were improperly diagnosed as mentally incompetent. The diagnosis would be a lifelong sentence; the orphans endured a difficult and sometimes abusive childhood. Fifty years later, the orphans who are now in their 40s and 50s have organized and are seeking compensation.

Note: For more on this most bizarre story, click here. To learn how these children were likely being used for secret mind control experiments, click here.


Trials: Sirhan through the Looking Glass
1969-04-04, Time magazine
Posted: 2010-05-03 20:16:53
http://www.time.com/time/magazine/article/0,9171,840003,00.html

A mirror. Two flickering candles. And Sirhan Sirhan. Focusing his mind power on the looking glass, Sirhan soon convinced himself that he could order an inanimate object to move. He rigged a pendulum from a fisherman's weight, and on command, he said, it began to sway. Yet telekinesis—the ability to cause objects at a distance to move through the exercise of will—was a frightening power, and Sirhan feared that he might lose his mind. The candles swayed and changed color. Sirhan insisted that it was no trick of imagination, reported Dr. Bernard L. Diamond. The noted psychoanalyst, who combines professorships in law, psychiatry and criminology at the University of California at Berkeley, was the star witness for Sirhan's defense. His testimony buttressed the diagnoses of five other experts that Sirhan was afflicted with paranoia and schizophrenia. Sirhan professes that he has no recollection of shooting Kennedy. Prosecutor David Fitts peppered the diminutive professor with hostile questions, but he could not blunt the thrust of Diamond's testimony about murder in a trance. After two more psychologists declared that Sirhan suffers from grave mental disorders, avuncular Attorney Grant Cooper rested for the defense. The prosecution faces an uphill struggle to refute contentions that Sirhan was either insane or suffering from diminished mental responsibility.

Note: This article confirms that Sirhan was not mentally competent at the time Robert F. Kennedy was assassinated, but it suggests that Sirhan's "trance state" was self-induced. Other sources, however, have argued that he was a victim of mind control; click here for more information on this possibility.


Europe Finds Clean Energy in Trash, but U.S. Lags
2010-04-13, New York Times
Posted: 2010-04-26 00:08:04
http://www.nytimes.com/2010/04/13/science/earth/13trash.html

The lawyers and engineers who dwell in an elegant enclave here are at peace with the hulking neighbor just over the back fence: a vast energy plant that burns thousands of tons of household garbage and industrial waste, round the clock. Far cleaner than conventional incinerators, this new type of plant converts local trash into heat and electricity. Dozens of filters catch pollutants, from mercury to dioxin, that would have emerged from its smokestack only a decade ago. In that time, such plants have become both the mainstay of garbage disposal and a crucial fuel source across Denmark, from wealthy exurbs like Horsholm to Copenhagen’s downtown area. Their use has not only reduced the country’s energy costs and reliance on oil and gas, but also benefited the environment, diminishing the use of landfills and cutting carbon dioxide emissions. The plants run so cleanly that many times more dioxin is now released from home fireplaces and backyard barbecues than from incineration. Across Europe, there are about 400 plants, with Denmark, Germany and the Netherlands leading the pack in expanding them and building new ones. By contrast, no new waste-to-energy plants are being planned or built in the United States, the Environmental Protection Agency says — even though the federal government and 24 states now classify waste that is burned this way for energy as a renewable fuel, in many cases eligible for subsidies.

Note: Why isn't the US implementing this clean technology? For lots more from major media sources on promising new clean energy developments, click here.


Navy Submarine Runs Eternally on Thermal Power from Ocean Currents
2010-04-08, Popular Science magazine
Posted: 2010-04-26 00:06:04
http://www.popsci.com/technology/article/2010-04/submarine-runs-eternally-the...

A Navy-funded thermal engine bobbing off the coast of Hawaii is accomplishing a rare feat -- it produces more energy than it consumes. Though it's not quite a perpetual motion machine, it could provide scientists or the Navy with a perpetual presence on the seas. The engine is attached to an unmanned underwater vessel, called SOLO-TREC, and uses the energy of the ocean to derive a practically limitless energy supply. SOLO-TREC is outfitted with a series of tubes full of waxy phase-change materials. As the float encounters warm temperatures near the ocean's surface, the materials expand; when it dives and the waters grow cooler, the materials contract. The expansion and contraction pressurizes oil, which drives a hydraulic motor. The motor generates electricity and recharges the batteries, which power a pump. The pump can change the float's buoyancy, allowing it to move up and down the water column. "In theory what you have now is unlimited endurance for something that has this type of engine," said Thomas Swean Jr., team leader for ocean engineering and marine systems at the Office of Naval Research, which funded the project. "Other things can break, but as far as the energy source, it will only stop working if the ocean ran out of energy, which is unlikely to happen."

Note: For lots more from major media sources on promising new energy inventions, click here.


Predator Priests Shuffled Around Globe
2010-04-14, NBC News/Associated Press
Posted: 2010-04-26 00:03:45
https://www.nbcnews.com/id/wbna36523444

There he was, five decades later, the priest who had raped Joe Callander in Massachusetts. The photo in the Roman Catholic newsletter showed him with a smile across his wrinkled face, near-naked Amazon Indian children in his arms and at his feet. The Rev. Mario Pezzotti was working with children and supervising other priests in Brazil. It's not an isolated example. In an investigation spanning 21 countries across six continents, The Associated Press found 30 cases of priests accused of abuse who were transferred or moved abroad. Some escaped police investigations. Many had access to children in another country, and some abused again. A priest who admitted to abuse in Los Angeles went to the Philippines, where U.S. church officials mailed him checks and advised him not to reveal their source. A priest in Canada was convicted of sexual abuse and then moved to France, where he was convicted of abuse again in 2005. Another priest was moved back and forth between Ireland and England, despite being diagnosed as a pederast, a man who commits sodomy with boys. "The pattern is if a priest gets into trouble and it's close to becoming a scandal or if the law might get involved, they send them to the missions abroad," said Richard Sipe, a former Benedictine monk and critic of what he says is a practice of international transfers of accused and admitted priest child abusers. "Anything to avoid a scandal."

Note: This is only the tip of the iceberg. If you want to understand how pedophile rings have infiltrated the highest levels of government, don't miss the powerful Discovery Channel documentary on this available here.


Psychologist For Priests: I Saw Abusers Reinstated
2010-04-15, NPR News
Posted: 2010-04-26 00:00:46
http://www.npr.org/templates/story/story.php?storyId=126024849

For years, the Catholic Church has quietly sent priests accused of sexual transgressions to psychiatric centers for treatment. Dr. Leslie Lothstein has treated more than 300 Catholic priests at one of those centers, the Institute of Living in Hartford, Conn. Lothstein, who is not Catholic himself, says many of his patients have sexual problems. And he says the church does not always follow psychologists' directives about patients who are treated. "My experience was that if it was said to one of the clergy who was in charge ... that this person needs to have much more supervision, they would say, 'Oh yes, yes, it'll be there, they'll have supervision.' But then what happened was they went back to their normal, everyday work. And in going back to it, we learned much later that they didn't have the supervision." Lothstein says there's a "universal feeling" that if a priest has had sexual activity with a child, he should not be around children. But, he says, it didn't always work out that way. "In my experience, there were some people who were sent right back to working in youth ministries, and they often offended," he says. "There was also a subgroup of people that I saw in my private practice where they were sent back by their religious order to a foreign country, and within that country continued to molest children. And it was just horrible."


Kissinger Blocked Demarche On International Assassinations To Condor States
2010-04-10, The National Security Archive, George Washington University
Posted: 2010-04-25 23:56:57
http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB312/index.htm

Only five days before a car bomb planted by agents of the Pinochet regime rocked downtown Washington D.C. on September 21, 1976, [assassinating Chilean exile diplomat Orlando Letelier and his assistant Ronni Moffitt,] Secretary of State Henry Kissinger rescinded instructions sent to, but never implemented by, U.S. ambassadors in the Southern Cone to warn military leaders there against orchestrating "a series of international murders," declassified documents obtained and posted by the National Security Archive revealed today. The instructions effectively ended efforts by senior State Department officials to deliver a diplomatic demarche, approved by Kissinger only three weeks earlier, to express "our deep concern" over "plans for the assassination of subversives, politicians, and prominent figures both within the national borders of certain Southern Cone countries and abroad." "The September 16th cable is the missing piece of the historical puzzle on Kissinger's role in the action, and inaction, of the U.S. government after learning of Condor assassination plots," according to Peter Kornbluh, the Archive's senior analyst on Chile and author of the book, The Pinochet File: A Declassified Dossier on Atrocity and Accountability. "We know now what happened: The State Department initiated a timely effort to thwart a 'Murder Inc' in the Southern Cone, and Kissinger, without explanation, aborted it," Kornbluh said.

Note: George H.W. Bush was head of the CIA when Orlando Letelier was assassinated just a few blocks away from the director's office. For the full text of the documents click on the link above. For an analysis, click here.


What Would Daniel Ellsberg Do With the Pentagon Papers Today?
2010-04-19, New York Times
Posted: 2010-04-25 23:54:58
http://www.nytimes.com/2010/04/19/business/media/19link.html

Before Wikileaks, or even the Internet, there were just plain leaks. Two weeks ago, Wikileaks.org released a classified video showing a United States Apache helicopter killing 12 civilians in Baghdad. The reaction was so swift and powerful — an edited version has been viewed six million times on YouTube — that the episode provoked many questions about how such material is now released and digested. Put another way: if someone today had the Pentagon Papers, or the modern equivalent, would he still go to the press, as Daniel Ellsberg did nearly 40 years ago and wait for the documents to be analyzed and published? Or would that person simply post them online immediately? Mr. Ellsberg knows his answer. “I wouldn’t have waited that long,” he said in an interview last week. “I would have gotten a scanner and put them on the Internet.” Today, he says, there is something enticing about being independent — not at the whim of publishers or government attempts to control release. “The government wouldn’t have been tempted to enjoin it, if I had put it all out at once,” he said. “We got this duel going between newspapers and the government.”

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


How did Big Finance grow so powerful that its hijinks nearly brought down the global economy?
2010-04-16, PBS Bill Moyers Journal
Posted: 2010-04-25 23:53:02
http://www.pbs.org/moyers/journal/04162010/watch.html

Why is it so hard to hold Wall Street accountable? Even as we speak the banking industry and corporate America are fighting against financial reform with all the money and influence at their disposal. Their effort is to preserve a system that would enable them to ransack the country once again. What can ordinary Americans do? That's the question I want to put to my guests, Simon Johnson and James Kwak. They have written this new book, 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. It's a must read - already a best seller -- and it couldn't have come at a better time. This book could change the debate over financial reform by tipping it in favor of the public. Together James Kwak and Simon Johnson run the indispensable economic website BaselineScenario.com. [Moyers:] Let me get to the blunt conclusion you reach in your book. You say that two years after the devastating financial crisis of '08 our country is still at the mercy of an oligarchy that is bigger, more profitable, and more resistant to regulation than ever. Correct? SIMON JOHNSON: Absolutely correct, Bill. The big banks became stronger as a result of the bailout. That may seem extraordinary, but it's really true. They're turning that increased economic clout into more political power. And they're using that political power to go out and take the same sort of risks that got us into disaster in September 2008.

Note: For a treasure trove of reports from reliable sources on the hidden methods used by financial corporations to manipulate the world economy and gain huge profits at the expense of taxpayers, 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.

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"