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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.


Solar Industry: No Breakthroughs Needed
2009-08-03, MIT Technology Review
Posted: 2009-08-09 14:39:06
http://www.technologyreview.com/energy/23108

The federal government is behind the times when it comes to making decisions about advancing the solar industry, according to several solar-industry experts. This has led, they argue, to a misplaced emphasis on research into futuristic new technologies, rather than support for scaling up existing ones. That was the prevailing opinion at a symposium last week put together by the National Academies in Washington, DC, on the topic of scaling up the solar industry. The meeting was attended by numerous experts from the photovoltaic industry and academia. And many complained that the emphasis on finding new technologies is misplaced. "This is such a fast-moving field," said Ken Zweibel, director of the Solar Institute at George Washington University. "To some degree, we're fighting the last war. We're answering the questions from 5, 10, 15 years ago in a world where things have really changed." Industry experts at the Washington symposium argued that new technologies will take decades to come to market, judging from how long commercialization of other solar technologies has taken. Meanwhile, says Zweibel, conventional technologies "have made the kind of progress that we were hoping futuristic technologies could make." For example, researchers have sought to bring the cost of solar power to under $1 per watt, and as of the first quarter of this year one company, First Solar, has done this. These cost reductions have made solar power cheaper than the natural-gas-powered plants used to produce extra electricity to meet demand on hot summer days.

Note: Interesting that MIT has reported this story, but none of the major media picked it up. Solar energy will very likely be cheaper than oil-generated energy in under 10 years. For more on the current state of solar, click here.


New documents show the monkey virus is present in more recent polio vaccine
2001-07-22, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2009-08-09 12:01:42
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2001/07/22/MN173141.DTL

A monkey virus linked to human cancers may have contaminated the oral polio vaccine for years after the U.S. government ordered manufacturers to remove it. The Chronicle reported last week that the simian virus SV40 had contaminated early polio vaccine given to millions of Americans. When health officials discovered in 1961 that SV40 caused malignant tumors in lab animals, they ordered the virus eliminated from all future vaccine. But internal memos from Lederle Laboratories, the chief producer of polio vaccine in the United States, indicate SV40 may not have been completely removed. According to one memo, SV40 was found in three of 15 lots of the oral vaccine seven months after the federal directive was issued in March 1961. Lederle released the contaminated vaccine to the public anyway, the memo shows. Scientists discovered SV40 in the Salk polio vaccine in 1960. By then as many as 30 million Americans had been given injections of the SV40-tainted polio vaccine, which was first licensed in 1955. In recent years more than 60 scientific studies have found SV40 in rare human brain, bone and lung-related cancers, the same kinds of tumors the virus caused in laboratory animals. Some scientists believe SV40 may play a role in causing those cancers. The Lederle documents, which were obtained by Philadelphia attorney Stanley Kops in litigation not related to SV40, raise the possibility the virus might have been transmitted by contaminated oral vaccine, licensed for production in 1962.

Note: There are numerous major problems with how vaccines are monitored and developed, yet the media largely fails to address this major issue. For many powerful reports from reliable sources on the dangers of vaccines, click here. For lots more, click here and here.


Bankers Reaped Lavish Bonuses During Bailouts
2009-07-31, New York Times
Posted: 2009-08-02 23:54:45
http://www.nytimes.com/2009/07/31/business/31pay.html?partner=rss&emc=rss&pag...

Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. Nine of the financial firms that were among the largest recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008, according to a report released Thursday by Andrew M. Cuomo, the New York attorney general. At Goldman Sachs, for example, bonuses of more than $1 million went to 953 traders and bankers, and Morgan Stanley awarded seven-figure bonuses to 428 employees. Even at weaker banks like Citigroup and Bank of America, million-dollar awards were distributed to hundreds of workers. Mr. Cuomo, who for months has criticized the companies over pay, said the bonuses were particularly galling because the banks survived the crisis with the government’s support. “If the bank lost money, where do you get the money to pay the bonus?” he said. All the banks named in the report declined to comment. Incentives that led to large bonuses on Wall Street are often cited as a cause of the financial crisis. Though it has been known for months that billions of dollars were spent on bonuses last year, it was unclear whether that money was spread widely or concentrated among a few workers. The report suggests that those roughly 5,000 people — a small subset of the industry — accounted for more than $5 billion in bonuses. At Goldman, just 200 people collectively were paid nearly $1 billion in total, and at Morgan Stanley, $577 million was shared by 101 people. All told, the bonus pools at the nine banks that received bailout money was $32.6 billion, while those banks lost $81 billion.

Note: How can this happen? Corruption abounds, yet the fact that you are reading this shows we can change it all. For lots more on the realities of the Wall Street bailout, click here.


Military Poised to Help FEMA Battle Swine Flu Outbreak
2009-07-29, Fox News
Posted: 2009-08-02 23:51:13
http://www.foxnews.com/politics/2009/07/29/military-poised-help-fema-battle-s...

The Pentagon is preparing to make troops available if necessary to help the Federal Emergency Management Agency tackle a potential outbreak of the H1N1 virus this fall, FOX News has confirmed. Defense Secretary Robert Gates is preparing to sign an order authorizing the military to set up five regional teams to deal with the potential outbreak of H1N1 influenza if FEMA requests help. A senior U.S. defense official told FOX News that the plan calls for military task forces to work in conjunction with the FEMA. No final decision has been reached on how the military effort would be manned, but one source said it likely would include personnel from all branches of the military. It is not known how many troops would be needed and whether they would come from the active duty or the National Guard and Reserve forces. In the event of a major outbreak, civilian authorities would lead any relief efforts, the official said. The military, as it would for a natural disaster or other significant emergency situation, could provide support and fulfill any tasks that civilian authorities could not, such as air transport or testing of large numbers of viral samples from infected patients. As a first step, military leaders have asked Gates to authorize planning for the potential assistance. Orders to deploy actual forces would be reviewed later, depending on how much of a health threat the flu poses this fall, the officials said.

Note: In conjunction with all the other evidence that the swine flu scare is bogus, it appears that it may also be designed to provide a "wedge" to break down the prohibition, established by the Posse Comitatus Act, against use of military troops in domestic operations. For many revealing reports from reliable sources on government and military threats to civil liberties, click here.


Power Shifts in Plan for Capital Calamity
2009-07-28, New York Times
Posted: 2009-08-02 23:47:25
http://www.nytimes.com/2009/07/28/us/politics/28continuity.html

A shift in authority has given military officials at the White House a bigger operational role in creating a backup government if the nation’s capital were “decapitated” by a terrorist attack or other calamity, according to current and former officials involved in the decision. The move ... was made in the closing weeks of the administration of President George W. Bush. Officials said the Obama administration had left the plan essentially intact. Under the revamped structure, the White House Military Office, which reports to the office of the White House chief of staff, has assumed a more central role in setting up a temporary “shadow government” in a crisis. And the office, a 2,300-person outfit best known for flying Air Force One, has taken on added responsibilities as the lead agent in shepherding government leaders to a secure site at Mount Weather in rural Virginia, keeping classified lists of successors and maintaining computer systems, among other operational duties. Many of these types of tasks were previously handled by civilians at other agencies, led by the Federal Emergency Management Agency. Officials at other agencies that have traditionally played critical roles expressed concern that the new structure placed too much power in the hands of too few people inside the White House. They also saw the move as part of the Bush administration’s broader efforts to enhance the power of the White House. Though the office reports to the White House, many of its employees are uniformed soldiers, and it has sometimes been led by a military officer. While Obama administration officials would not discuss details of their continuity plan, they said the current policy was “settled,” and they drew no distance between their own policies and those left behind by the Bush administration.

Note: For more on the Shadow Government, click here. For lots more on government secrecy from major media sources, click here.


Let's Break up the Fed
2009-07-28, Wall Street Journal
Posted: 2009-08-02 23:44:27
http://online.wsj.com/article/SB10001424052970203946904574300263148640896.html

The Obama administration's plan to increase the powers of the Federal Reserve, says one critic, is like giving a teenager "a bigger, faster car right after he crashed the family station wagon." Broadening the Fed's responsibilities won't help. Instead, we should think of how best to dismantle an overextended Fed. The Fed has been incapacitated by its transformation into an omnibus enterprise with responsibilities ranging from boots-on-the-ground regulation to high-level monetary policy. The Federal Reserve Act of 1913, which created the Federal Reserve System, did so to forestall financial panics rather than pursue macroeconomic policies. The gold standard defined monetary policy. The Fed was merely meant to "provide an elastic currency" by serving as lender of last resort in times of crisis. The Act also assigned the Fed routine responsibilities for maintaining and improving the financial system – examining banks, issuing currency notes, and helping clear checks. The adoption of Keynesian and monetarist ideas by central bankers and elected officials subsequently cast the Fed in a proactive macroeconomic role. In 1977, an amendment to the 1913 Act explicitly charged the Fed with promoting "maximum" employment and "stable" prices. The Bank Holding Company Act of 1956 gave the Fed responsibility over holding companies designed to circumvent restrictions placed on individual banks. Congress further tasked the Fed with enforcing consumer-protection and fair-lending rules. While the record of the Fed's monetary policy has been mixed, its supervision of financial institutions has been a predictable and comprehensive failure. The Fed's excessively broad mandate also has thwarted accountability.

Note: The bill to audit the Fed (HR 1207) in the US Congress now has 276 co-signers -- more than 50% of all members. Yet the media is hardly reporting on this. Contact your Congressional representatives now at this link.


Russian Navy Reveals Its Secret UFO Encounters
2009-07-28, Fox News
Posted: 2009-08-02 23:41:59
http://www.foxnews.com/story/0,2933,534960,00.html

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

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


Thousands see astronaut Buzz Aldrin on Hornet
2009-07-26, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2009-08-02 23:38:35
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/25/BA5V18V6J7.DTL

"I'm gonna reveal a secret to you," he told reporters. "There's a monolith on (Mars' moon) Phobos. It's about 15 meters high. And aliens put it there before they came to Egypt to build the pyramids." Like a good comic, Aldrin, 79, kept a straight face - until they laughed.

Note: Was this just a joke or not? For lots more on Aldrin's strange comment, click here. For the testimony of numerous other top government and military officials on a major UFO cover-up, click here.


Bush Weighed Using Military in Arrests
2009-07-25, New York Times
Posted: 2009-08-02 23:35:32
http://www.nytimes.com/2009/07/25/us/25detain.html?partner=rss&emc=rss&pagewa...

Top Bush administration officials in 2002 debated testing the Constitution by sending American troops into the suburbs of Buffalo to arrest a group of men suspected of plotting with Al Qaeda, according to former administration officials. Some of the advisers to President George W. Bush, including Vice President Dick Cheney, argued that a president had the power to use the military on domestic soil to sweep up the terrorism suspects, who came to be known as the Lackawanna Six, and declare them enemy combatants. A decision to dispatch troops into the streets to make arrests has few precedents in American history, as both the Constitution and subsequent laws restrict the military from being used to conduct domestic raids and seize property. The Fourth Amendment bans “unreasonable” searches and seizures without probable cause. And the Posse Comitatus Act of 1878 generally prohibits the military from acting in a law-enforcement capacity. In the discussions, Mr. Cheney and others cited an Oct. 23, 2001, memorandum from the Justice Department that, using a broad interpretation of presidential authority, argued that the domestic use of the military against Al Qaeda would be legal because it served a national security, rather than a law enforcement, purpose. “The president has ample constitutional and statutory authority to deploy the military against international or foreign terrorists operating within the United States,” the memorandum said. The memorandum was declassified in March. But the White House debate about the Lackawanna group is the first evidence that top American officials ... actually considered using the document to justify deploying the military into an American town to make arrests.

Note: For many revealing reports from reliable sources on government and military threats to civil liberties, click here.


The Military Is Not the Police
2009-07-30, New York Times
Posted: 2009-08-02 23:32:58
http://www.nytimes.com/2009/07/30/opinion/30thu1.html?partner=rss&emc=rss&pag...

It was disturbing to learn ... just how close the last administration came to violating laws barring the military from engaging in law enforcement when President George W. Bush considered sending troops into a Buffalo suburb in 2002 to arrest terrorism suspects. Unfortunately, this is not necessarily a problem of the past. More needs to be done to ensure that the military is not illegally deployed in this country. The Posse Comitatus Act of 1878 generally prohibits the military from law enforcement activities within the United States. The Lackawanna Six controversy is history, but there are troubling signs the military may be injecting itself today into law enforcement. The American Civil Liberties Union has been sounding the alarm about the proliferation of "fusion centers," in which federal, state and local law enforcement cooperate on anti-terrorism work. According to the A.C.L.U., the lines have blurred, and the centers have involved military personnel in domestic law enforcement. Congress should investigate. Civil libertarians are also raising questions about a program known as the Chemical, Biological, Radiological/Nuclear and High-Yield Explosives Consequence Management Response Force. The Army says its aim is to have active-duty troops ready to back up local law enforcement in catastrophic situations, like an attack with a nuclear weapon. That could be legal, but the workings of these units are murky. Again, Congress should ensure that the military is not moving into prohibited areas. After the lack of respect for posse comitatus at the highest ranks of the previous administration, the Obama White House and Congress must ensure that the lines between military and law enforcement have been restored, clearly, and that they are respected.

Note: For many revealing reports from reliable sources on government and military threats to civil liberties, click here.


'Cove' Director Surfaces Deep (And Dark) Secrets
2009-07-30, National Public Radio
Posted: 2009-08-02 23:25:42
http://www.npr.org/templates/story/story.php?storyId=111340010&ft=1&f=1008

Filmmaker Louie Psihoyos discusses his new documentary, "The Cove", a shocking and moving account of dolphin abuse off the coast of Taijii, Japan. Psihoyos and his team painstakingly documented a thriving operation that captures dolphins, the healthiest and handsomest of which are sold to aquariums worldwide. The rest are slaughtered, often ending up as food for human consumption, despite high mercury levels. Going into the village of Taijii, Psihoyos tells Fresh Air, is "like walking into a Stephen King novel." There's lots of visible marketing — statues, murals— proclaiming the town's love of dolphins. "The whole town was built around loving dolphins and whales. And then in the middle of town, is this national park that even Japanese people can't go in. Big tall fences, steel spikes on the gates, razor ribbon, barbed wire, a series of tunnels to get through on one side to get there — it was like a fortress. And Ric said, 'That's where this all happens' — in this national park.' " "Ric" is Ric O'Barry — a former dolphin trainer responsible for teaching the dolphins of TV's Flipper their tricks. He has devoted years to rescuing the intelligent mammals he once helped capture. "I get more upset with the dolphin trainers I see there than the fishermen," O'Barry tells Terry Gross. Japanese fishermen, he explains, think of dolphins as being in the same category as fish — not least, O'Barry says, because the Japanese character for "whale" translates literally into "monster fish." "But the dolphin trainers, who are there working side by side with them, look [the dolphins] in the eye every day," O'Barry says. "They give them names. They spend time with them. They know they're self-aware."

Note: To read reviews of "The Cove", click here and here. For many reports on the amazing capacities of marine mammals and the threats to them from human activities, click here.


Forget gas, batteries — pee is new power source
2009-07-09, MSNBC
Posted: 2009-08-02 23:22:42
http://www.msnbc.msn.com/id/31805166/ns/technology_and_science-innovation

Urine-powered cars, homes and personal electronic devices could be available in six months with new technology developed by scientists from Ohio University. Using a nickel-based electrode, the scientists can create large amounts of cheap hydrogen from urine that could be burned or used in fuel cells. "One cow can provide enough energy to supply hot water for 19 houses," said Gerardine Botte, a professor at Ohio University developing the technology. "Soldiers in the field could carry their own fuel." Pee power is based on hydrogen, the most common element in the universe but one that has resisted efforts to produce, store, transport and use economically. Storing pure hydrogen gas requires high pressure and low temperature. Chemically binding hydrogen to other elements, like oxygen to create water, makes it easier to store and transport, but releasing the hydrogen when it's needed usually requires financially prohibitive amounts of electricity. By attaching hydrogen to another element, nitrogen, Botte and her colleagues realized that they can store hydrogen without the exotic environmental conditions, and then release it with less electricity, 0.037 Volts instead of the 1.23 Volts needed for water. Stick a special nickel electrode into a pool of urine, apply an electrical current, and hydrogen gas is released. A fuel cell, urine-powered vehicle could theoretically travel 90 miles per gallon. A refrigerator-sized unit could produce one kilowatt of energy for about $5,000, although this price is a rough estimate, says Botte. "The waste products from say a chicken farm could be used to produce the energy needed to run the farm," said John Stickney, a chemist and professor at the University of Georgia.

Note: For many exciting reports from reliable sources on new energy technologies, click here.


Only You. And You. And You.
2009-07-29, Newsweek
Posted: 2009-08-02 23:20:28
http://www.newsweek.com/id/209164

Terisa and Matt and Vera and Larry ... believe in "ethical nonmonogamy," or engaging in loving, intimate relationships with more than one person – based upon the knowledge and consent of everyone involved. They are polyamorous, to use the term of art applied to multiple-partner families like theirs, and they wouldn't want to live any other way. Researchers are just beginning to study the phenomenon, but the few who do, estimate that openly polyamorous families in the United States number more than half a million. Over the past year, books like Open, by journalist Jenny Block; Opening Up, by sex columnist Tristan Taormino ... have helped publicize the concept. Today there are poly blogs and podcasts, local get-togethers, and an online polyamory magazine called Loving More with 15,000 regular readers. Celebrities like actress Tilda Swinton and Carla Bruni, the first lady of France, have voiced support. Polys say they aren't so much denying their biological instincts as insisting they can work around them – through open communication, patience, and honesty. Polys call this process "compersion," or learning to find personal fulfillment in the emotional and sexual satisfaction of your partner, even if you're not the one doing the satisfying. "It's about making sure that everybody's needs are met, including your own," says Terisa. "And that's not always easy, but it's part of the fun." It's a new paradigm, certainly – and it does break some rules. "Polyamory scares people. It shakes up their world view," says Allena Gabosch, the director of the Seattle-based Center for Sex Positive Culture.


Are we really alone?
2008-10-21, ABC News
Posted: 2009-08-02 23:18:09
http://abcnews.go.com/video/playerIndex?id=6076967

Nick Pope worked for Britain's ministry of defense - his job to investigate UFOs sightings. There are some cases, ... about 5 percent, that can't be explained. They are genuine unknowns. 11,000 UFO sightings have been reported in Britian since 1959. Only now are the details being revealed. Lieutenant Milton Torres was ordered to keep silent about what happened. [On] May 20, 1957, he scrambled his sabre jet from a base in England with orders to arm all weapons and fire on sight. Before he could fire, the erratic bright blip on his radar simply disappeared. Any day now, the most contentious file of them all will be opened, the file on Rendlesham Forest, Britain's equivalent of Roswell. POPE: "I have no explanation for the Rendlesham Forest incident." It was Christmas night 1980. Guards at two US Air Force bases in eastern England thought they saw a plane crash in these woods. They investigated and reported a strange glowing object, metallic in appearance. It illuminated the entire forest. The object was hovering or on legs. Two nights later the lights returned. Lt. Col. Charles Halt recorded this as he walked through the dark forest: "Weird. It is coming this way. It is definitely coming this way. This is wierd. There's something very, very strange." Halt's men recorded high radiation levels here at the alleged landing site. The official agenda is ... that gradual disclosure has to be the way. When we're deemed ready to handle the unsettling truth of aliens among us, then all will be revealed.

Note: Don't miss this fascinating five-minute video clip at the link above. To see the video without commercials, click here. For an excellent website on the Rendlesham Forest incident, click here.


Lab habits: Do depressed lab rats dictate international drug policy?
2005-06-02, The Guardian (One of the UK's leading newspapers)
Posted: 2009-08-02 23:14:55
http://www.guardian.co.uk/science/2005/jun/02/farout

The predominant model of drug addiction views it as a disease: humans and animals will use heroin or cocaine for as long as they are available. When the drugs run out, they will seek a fresh supply; the drugs, not the users, are in control. These conclusions, repeated frequently by politicians and the media, are based on experiments carried out almost exclusively on animals, usually rats and monkeys, housed in metal cages and experiencing a particularly poor quality of life. What would happen, wondered psychologist Dr Bruce Alexander, then of British Columbia's Simon Fraser University, if these animals were instead provided with a comfortable, stimulating environment? In 1981, Alexander built a 200sq ft home for lab rats. Rat Park, as it became known, was kept clean and temperate, while the rats were supplied with plenty of food and toys, along with places to dig, rest and mate. Try as he might, Alexander could not make junkies out of his rats. Even after being force-fed morphine for two months, when given the option, they chose plain water, despite experiencing mild withdrawal symptoms. He laced the morphine with sugar, but still they ignored it. Only when he added Naloxone, an opiate inhibitor, to the sugared morphine water, did they drink it. Alexander simultaneously monitored rats kept in "normal" lab conditions: they consistently chose the morphine drip over plain water, sometimes consuming 16-20 times more than the Rat Parkers. Alexander's findings - that deprived rats seek solace in opiates, while contented rats avoid them - dramatically contradict our currently held beliefs about addiction. Nobody seemed to care. Rejected by Science and Nature, Alexander's paper was published in the obscure Pharmacology, Biochemistry and Behavior, where it was summarily ignored. Two decades later, Rat Park sits empty; addiction remains a disease and the war on drugs continues.

Note: Is it possible the powers that be want us to believe addiction is much worse than it really is?


CIA Brainwashing Suit Settled
1988-10-05, Chicago Tribune
Posted: 2009-08-02 23:11:12
http://pqasb.pqarchiver.com/chicagotribune/access/24835384.html?dids=24835384...

Eight elderly Canadians who were victims of CIA-funded brainwashing experiments in the 1950s reached a tentative out-of-court settlement Tuesday in their multimillion-dollar damage suit against the U.S. spy agency. The Canadian plaintiffs, who say they suffered permanent mental and physical damage as a result of the bizarre experiments performed on them at a Montreal psychiatric hospital, will divide a $750,000 payment among them, according to their attorney, James Turner. The Canadians, all patients of the late Dr. Ewen Cameron at Montreal's Allan Memorial Institute in the late 1950s, were injected with repeated doses of mind-altering LSD, deprived of sleep, subjected to massive electroshock treatments and forced to listen to thousands of repetitions of taped messages taken from the most sensitive moments of their therapy sessions.

Note: Dr. Cameron was once President of the American and World Psychiatric Associations. For more on the severe abuses of doctors in serving the CIA's mind control programs, click here. For lots more reliable, verifiable information on CIA mind control experiments and programs, click here. The link above provides this abstract of the complete article, which can be accessed by payment of a small fee.


Sticker Shock: $23.7 Trillion Bailout?
2009-07-21, ABC News
Posted: 2009-07-26 23:02:22
http://abcnews.go.com/Business/Politics/story?id=8140184

"The total potential federal government support could reach up to $23.7 trillion," says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, in a report released today on the government's efforts to fix the financial system. "The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn't even imaginable," said Rep. Darrell Issa, R-Calif., ranking member on the House Oversight and Government Reform Committee. "If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just $1 trillion -- $23.7 trillion is a staggering figure." The government has about 50 different programs to fight the current recession, including programs to bail out ailing banks and automakers, boost lending and beat back the housing crisis. So far they've cost taxpayers around $4 trillion. But Barofsky says if each federal agency spent the maximum potential amount involved in these initiatives, taxpayers could be on the hook for trillions more. The watchdog also warned today that hundreds of billions of taxpayer dollars could be lost if the government does not increase the transparency of the TARP program, which he says has grown to an unprecedented scope and scale. Requiring TARP recipients to report on how government funds are used is among the recommendations urged by Barofsky. He also wants the department to report on the values of its TARP portfolio so taxpayers know about the value of their investments.

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


With Big Profit, Goldman Sees Big Payday Ahead
2009-07-15, New York Times
Posted: 2009-07-26 22:59:14
http://www.nytimes.com/2009/07/15/business/15goldman.html?partner=rss&emc=rss...

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

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


Agencies to set up mass swine flu vaccinations
2009-07-21, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2009-07-26 22:55:57
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/21/BA6H18PA5J.DTL

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

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


9/11 Case Could Bring Broad Shift on Civil Suits
2009-07-21, New York Times
Posted: 2009-07-26 22:53:15
http://www.nytimes.com/2009/07/21/us/21bar.html?partner=rss&emc=rss&pagewante...

The most consequential decision of the Supreme Court’s last term got only a little attention when it landed in May. And what attention it got was for the wrong reason. But the lower courts have certainly understood the significance of the decision, Ashcroft v. Iqbal, which makes it much easier for judges to dismiss civil lawsuits right after they are filed. They have cited it more than 500 times in just the last two months. On its face, the Iqbal decision concerned the aftermath of the Sept. 11 attacks. The court ruled that a Muslim man swept up on immigration charges could not sue two Bush administration officials for what he said was the terrible abuse he suffered in detention. But something much deeper and broader was going on in the decision, something that may unsettle how civil litigation is conducted in the United States. For more than half a century, it has been clear that all a plaintiff had to do to start a lawsuit was to file what the rules call “a short and plain statement of the claim” in a document called a complaint. Information about wrongdoing is often secret. Plaintiffs claiming they were the victims of employment discrimination, a defective product, an antitrust conspiracy or a policy of harsh treatment in detention may not know exactly who harmed them and how before filing suit. But plaintiffs can learn valuable information during discovery. The Iqbal decision now requires plaintiffs to come forward with concrete facts at the outset, and it instructs lower court judges to dismiss lawsuits that strike them as implausible. “It obviously licenses highly subjective judgments,” said Stephen B. Burbank, an authority on civil procedure at the University of Pennsylvania Law School. “This is a blank check for federal judges to get rid of cases they disfavor.”

Note: For many important reports from major media sources on the erosion of civil liberties since the 9/11 attacks, click here.


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