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.
Exxon Mobil Corp. ... reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company. The previous record for annual profit was $40.6 billion, which the world's largest publicly traded oil company set in 2007. The extraordinary full-year profit wasn't a surprise given crude's triple-digit price for much of 2008, peaking near an unheard of $150 a barrel in July. Since then, however, prices have fallen roughly 70 percent amid a deepening global economic crisis. In the fourth quarter alone crude tumbled 60 percent, prompting spending and job cuts in an industry that was reporting robust, often record, profits as recently as last summer. Irving, Texas-based Exxon said net income slid sharply to $7.8 billion, or $1.55 a share, in the October-December period. That compared with $11.7 billion, or $2.13 a share, in the same period a year ago, when Exxon set a U.S. record for quarterly profit. It has since topped that mark twice, first in last year's second quarter and then with earnings of $14.83 billion in the third quarter. Revenue in the most-recent quarter fell 27 percent to $84.7 billion. The industry went into retrenchment toward the end of the year with demand falling. The company, which produces about 3 percent of the world's oil, said overall output fell 3 percent in the most-recent period. For the full year, Exxon Mobil's massive profit amounted to $8.69 a share, versus $7.28 a share a year ago.
Note: How can it be said that this record-breaking profit "wasn't a surprise," when ethically we would all expect the oil companies not to gouge consumers world-wide at the time when oil prices were artificially driven to record highs? Why should the oil companies be allowed to rake in huge profits causing the vast majority of us to suffer even greater losses at the gas pump? This is generally called gross profiteering. Shouldn't these "windfall profits" be taxed away?
U.S. spy agencies' sensitive data should soon be linked by Google-like search systems. Director of National Intelligence Mike McConnell has launched a sweeping technology program to knit together the thousands of databases across all 16 spy agencies. After years of bureaucratic snafus, intelligence analysts will be able to search through secret intelligence files the same way they can search public data on the Internet. Linking up the 16 agencies is the challenge at the heart of the job of director of national intelligence, created after 9/11. The new information program also is designed to include Facebook-like social-networking programs and classified news feeds. It includes enhanced security measures to ensure that only appropriately cleared people can access the network. The price tag is expected to be in the billions of dollars. The impact for analysts, Mr. McConnell says, "will be staggering." Not only will analysts have vastly more data to examine, potentially inaccurate intelligence will stand out more clearly, he said. Today, an analyst's query might scan only 5% of the total intelligence data in the U.S. government, said a senior intelligence official. Even when analysts find documents, they sometimes can't read them without protracted negotiations to gain access. Under the new system, an analyst would likely search about 95% of the data, the official said.
Note: For key reports from reliable sources on the hidden realities of the War on Terror, click here.
[On January 8] Lasantha Wickramatunga, who was fifty-two years old and the editor of a Sri Lankan newspaper called The Sunday Leader, was assassinated on his way to work by two gunmen riding motorcycles. The Leader's investigative reporting had been fiercely critical of the government and of the conduct of its war against Tamil separatists; Wickramatunga had been attacked before. He knew that he was likely to be murdered and so he wrote an essay with instructions that it be published only after his own death. Read it in full below: "No other profession calls on its practitioners to lay down their lives for their art save the armed forces and, in Sri Lanka, journalism. In the course of the past few years, the independent media have increasingly come under attack. Electronic and print-media institutions have been burnt, bombed, sealed and coerced. Countless journalists have been harassed, threatened and killed. It has been my honor to belong to all those categories and now especially the last. We find ourselves in the midst of a civil war ruthlessly prosecuted by protagonists whose bloodlust knows no bounds. Terror, whether perpetrated by terrorists or the state, has become the order of the day. Indeed, murder has become the primary tool whereby the state seeks to control the organs of liberty. Today it is the journalists, tomorrow it will be the judges. For neither group have the risks ever been higher or the stakes lower.
Note: Click on the link above to read this deeply moving letter from a martyr for truth in its entirety.
The order came straight out of the Cold War manual: "Arm all weapons and fire on sight." For Lieutenant Milton Torres, an American jet fighter pilot based in Britain, it was the first and last time that he had received such a chilling instruction. As soon as he scrambled his Sabre jet from RAF Manston in Kent and headed eastwards, he saw the blip on his radar, indicating the presence of an aircraft the size of a B52 about 15 miles away, and he prepared to close in for the kill with a salvo of rockets. But the "aircraft", judged to be hostile and probably Russian, simply vanished. The blip on the radar disappeared. The 24-year-old American pilot's extraordinary experience on the night of May 20, 1957, which he was officially ordered never to reveal to anyone, has come to light after the declassification of another batch of Ministry of Defence files relating to reported incidents of unidentified flying objects appearing in British airspace – in this case the only known example of a jet fighter pilot being ordered to shoot down a UFO. Mr Torres, now 77 and a retired professor of civil engineering living in Miami, told The Times that the day after he was scrambled from RAF Manston he received a visit from an American in a trenchcoat who waved a National Security Agency identity card at him and warned him that, if he ever revealed what had happened, he would never fly again. He took the warning to heart and said nothing until 1988 when, through a solicitor with an interest in ufology, he sent the Ministry of Defence a report giving a full account of the incident. Today his narrative is released by the National Archives.
Note: For a highly revealing summary of key evidence for UFOs presented by respected military and government officials, click here.
It might sound surprising, but all-electric vehicles are already on American roads. They just haven't quite made it to the highway yet. A growing cottage industry of Neighborhood Electric Vehicle [NEV] manufacturers is spurring the development of cars like the Zenn, which has reached a state of vehicular enlightenment so advanced it doesn't even need a tail pipe. "We saw this car in May of '06, and all of us were just freaking out: 'Finally, a car!'" said Steve Mayeda, sales manager at Seattle-based MC Electric Vehicles, which sells 30 percent of Zenn's U.S. inventory, in addition to electric vehicles made by Columbia, Canadian EV, E-Ride and Miles. "Zenn was the first neighborhood electric car that actually looked and felt and drove like a real car. Everything else before that was either a converted golf cart or a car that was built from the ground up." NEVs are silent, have no tailpipe emissions (or tailpipes, for that matter) and plug into electrical outlets like vacuum cleaners. They come in two varieties: Low-Speed Electric Vehicles, which have a top speed of about 25 miles per hour and are restricted to roads where the speed limit is 35 miles per hour or less; and Medium-Speed Electric Vehicles, which reach 35 mph and are allowed on roads with a posted speed of up to 45 mph. They're exempt from federal safety regulations that mandate impact-absorbing bumpers and airbags. But to be street legal, NEVs must have three-point seat belts, windshields with wipers, headlights, brake lights, rearview mirrors and turn signals.
Note: Note: For a fun, six-minute video demonstration of the Zenn, click here.
Scientists are able to get some idea of what's going on in the mind by using brain scanners. Now it is possible to infer what tiny groups of neurons are up to, not just larger areas of the brain. A technology called functional magnetic resonance imaging can reveal which part of your brain is most active when you're solving a mathematical puzzle, say, or memorizing a list of words. A couple of weeks ago, two scientists revealed that they had found a way to peer directly into your brain and tell what you are looking at, even when you yourself are not yet aware of what you have seen. Last year, Tibetan Buddhist monks ... submitted to functional magnetic resonance imaging as they practiced "compassion meditation," which is aimed at achieving a mental state of pure loving kindness toward all beings. The brain scans showed only a slight effect in novice meditators. But for monks who had spent more than 10,000 hours in meditation, the differences in brain function were striking. Activity in the left prefrontal cortex, the locus of joy, overwhelmed activity in the right prefrontal cortex, the locus of anxiety. Activity was also heightened in the areas of the brain that direct planned motion, as if the monks' brains were itching to go to the aid of those in distress. All of which suggests, say the scientists who carried out the scans, that "the resting state of the brain may be altered by long-term meditative practice."
By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived. Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year. That was the sixth-largest haul on record, according to a report released Wednesday by the New York State comptroller. Some bankers took home millions last year even as their employers lost billions. The comptroller’s estimate, a closely watched guidepost of the annual December-January bonus season, is based largely on personal income tax collections. It excludes stock option awards that could push the figures even higher. The state comptroller, Thomas P. DiNapoli, said it was unclear if banks had used taxpayer money for the bonuses, a possibility that strikes corporate governance experts, and indeed many ordinary Americans, as outrageous. He urged the Obama administration to examine the issue closely. “The issue of transparency is a significant one, and there needs to be an accounting about whether there was any taxpayer money used to pay bonuses or to pay for corporate jets or dividends or anything else,” Mr. DiNapoli said in an interview.
Note: For many reports from reliable sources on the realities of the Wall Street bailout, click here.
The United Nations' crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday. Vienna-based UNODC Executive Director Antonio Maria Costa said in an interview released by Austrian weekly Profil that drug money often became the only available capital when the crisis spiralled out of control last year. "In many instances, drug money is currently the only liquid investment capital," Costa was quoted as saying by Profil. "In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor." The United Nations Office on Drugs and Crime had found evidence that "interbank loans were funded by money that originated from drug trade and other illegal activities," Costa was quoted as saying. There were "signs that some banks were rescued in that way." Profil said Costa declined to identify countries or banks which may have received drug money and gave no indication how much cash might be involved.
Note:. For powerful evidence that corporations and even rogue elements of government are involved in the huge amounts of cash generated in the drug trade, click here. For lots more on corporate corruption, click here.
President Obama yesterday eliminated the most controversial tools employed by his predecessor against terrorism suspects. While Obama says he has no plans to diminish counterterrorism operations abroad, the notion that a president can circumvent long-standing U.S. laws simply by declaring war was halted by executive order in the Oval Office. Key components of the secret structure developed under Bush are being swept away: The military's Guantanamo Bay, Cuba, facility, where the rights of habeas corpus and due process had been denied detainees, will close, and the CIA is now prohibited from maintaining its own overseas prisons. And in a broad swipe at the Bush administration's lawyers, Obama nullified every legal order and opinion on interrogations issued by any lawyer in the executive branch after Sept. 11, 2001. The CIA ... set up their first interrogation center in a compound walled off by black canvas at Bagram air base in Afghanistan, and more at tiny bases throughout that country, where detainees could be questioned outside military rules and the protocols of the Geneva Conventions, which lay out the standards for treatment of prisoners of war. As the CIA recruited young case officers, polygraphers and medical personnel to work on interrogation teams, the agency's leaders asked its allies in Thailand and Eastern Europe to set up secret prisons where people ... could be held in isolation and subjected to extreme sleep and sensory deprivation, waterboarding and sexual humiliation. These tactics are not permitted under military rules or the Geneva Conventions.
Note: For many reports from reliable sources on the realities underlying the War on Terror, click here.
By the authority vested in me as President by the Constitution and the laws of the United States of America, ... it is hereby ordered as follows: Section 1. Ethics Pledge. Every appointee in every executive agency appointed on or after January 20, 2009, shall sign ... the following pledge: "As a condition, and in consideration, of my employment in the United States Government in a position invested with the public trust, I commit myself to the following obligations, which I understand are binding on me and are enforceable under law: "1. Lobbyist Gift Ban. I will not accept gifts from registered lobbyists or lobbying organizations for the duration of my service as an appointee. "2. Revolving Door Ban All Appointees Entering Government. I will not for a period of 2 years from the date of my appointment participate in any particular matter involving specific parties that is directly and substantially related to my former employer or former clients, including regulations and contracts. "3. Revolving Door Ban Lobbyists Entering Government. If I was a registered lobbyist within the 2 years before the date of my appointment, in addition to abiding by the limitations of paragraph 2, I will not for a period of 2 years after the date of my appointment: (a) participate in any particular matter on which I lobbied within the 2 years before the date of my appointment; (b) participate in the specific issue area in which that particular matter falls; or (c) seek or accept employment with any executive agency that I lobbied within the 2 years before the date of my appointment.
Note: For lots more on government corruption, click here.
In a move that pleased good government groups and some journalists, President Obama issued new orders today designed to improve the federal government's openness and transparency. The first memo instructs all agencies and departments to "adopt a presumption in favor" of Freedom of Information Act requests, while the second memo orders the director of the Office of Management and Budget to issue recommendations on making the federal government more transparent. His memo on government transparency ... directs the yet-to-be-named chief technology officer to work with the OMB director to develop an "Open Government Directive" in the next four months. Just in case new OMB director Peter R. Orszag needs any suggestions, the Sunlight Foundation -- a group dedicated to improving government transparency -- has several. Each agency should do an audit of its information and data how it makes it available, [director Ellen] Miller said. The administration should also redefine the definition of "public information" to mean that government information is not public until it is posted online in an easy-to-download format. "The devil is in the details," Miller cautions. Obama today also froze the salaries of senior White House staffers and issued executive orders on presidential records and new ethics guidelines for presidential appointees.
Note: For revealing reports on government secrecy, click here.
The number of in-custody sudden deaths rose dramatically during the first year California law enforcement agencies began using stun guns, raising questions about the safety of the devices, according to a new study at UCSF. "Tasers are not as safe as thought," said Dr. Byron Lee, one of the cardiologists involved in studying the death rate related to Tasers, the most widely used stun gun. "And if they are used, they should be used with caution." The researchers analyzed sudden death data from 50 law enforcement agencies in the state that use Tasers. They compared the death rate pre- and post-Taser deployment - analyzing data for five years before each agency began using Tasers and five years afterward. They found a sixfold increase in sudden deaths during the first year of Taser use - amounting to nearly 6 deaths per 100,000 arrests. California does not have a statewide training standard for stun guns, which have been used in the state for decades. Tasers, known as "conducted energy" devices, send out high-frequency pulses which can cause a very rapid, dangerous heart rhythm, said senior author Dr. Zian H. Tseng, an assistant clinical professor in cardiology. "Maybe a simple change of technique is what is necessary," he said. "The longer you hold the trigger, the higher the danger to the heart. ... The fewer pulses the better." Two years ago, Amnesty International reported 156 stun gun-related deaths of people in the United States during the previous five years.
Note: For more on so-called non-lethal weapons from reliable sources, click here.
OLBERMANN: It has taken less than 24 hours after the Bush presidency ended for a former analyst at the National Security Agency to come forward to reveal new allegations about how this nation was spied on by its own government. Russell Tice [reveals] that under the collar of fighting terrorism, the Bush administration was also targeting specific groups of Americans for surveillance. TICE: The National Security Agency had access to all Americans‘ communications, faxes, phone calls, and their computer communications. They monitored all communications. What was done was a sort of an ability to look at the meta data, the signaling data for communications, and ferret that information to determine what communications would ultimately be collected. Basically, filtering out sort of like sweeping everything with that meta data, and then cutting down ultimately what you are going to look at and what is going to be collected, and in the long run have an analyst look at, you know, needles in a haystack for what might be of interest. OLBERMANN: I mention that you say specific groups were targeted. What group or groups can you tell us about? TICE: [Some of the groups they] collected on were U.S. news organizations and reporters and journalists. The collection ... was 24/7, and you know, 365 days a year, and it made no sense.
Note: To watch this revealing clip on video, click here. For many reports on government surveillance and invasions of privacy, click here.
Ask mothers why babies are constantly picking things up from the floor or ground and putting them in their mouths, and chances are they’ll say that it’s instinctive — that that’s how babies explore the world. But why the mouth, when sight, hearing, touch and even scent are far better at identifying things? Accumulating evidence strongly suggests that eating dirt is good for you. In studies of what is called the hygiene hypothesis, researchers are concluding that organisms like the millions of bacteria, viruses and especially worms that enter the body along with “dirt” spur the development of a healthy immune system. Several continuing studies suggest that worms may help to redirect an immune system that has gone awry and resulted in autoimmune disorders, allergies and asthma. These studies, along with epidemiological observations, seem to explain why immune system disorders like multiple sclerosis, Type 1 diabetes, inflammatory bowel disease, asthma and allergies have risen significantly in the United States and other developed countries. “What a child is doing when he puts things in his mouth is allowing his immune response to explore his environment,” Mary Ruebush, a microbiology and immunology instructor, wrote in her new book, Why Dirt Is Good. “Not only does this allow for ‘practice’ of immune responses, which will be necessary for protection, but it also plays a critical role in teaching the immature immune response what is best ignored.”
Note: For many key reports on new health research from reliable sources, click here.
With a population nearing 3 million, Guayaquil [Ecuador] is home to more than 200 gangs and 60,000 gang youth. But in recent months, this neighbourhood has become a Barrio de Paz (“peace town”) under the guidance of Ser Paz, an organization committed to fostering peace in Guayaquil’s violent neighbourhoods. Support comes from Nelsa Curbelo, a 66-year-old woman who looks more like a friendly grandmother passing time with neighbourhood children than a pioneer of social reform working in the most dangerous city in Ecuador. Curbelo has been playing against type for years. When she founded Ser Paz (“being peace”) in 1999, she began her work by not working at all. Instead of establishing programs, she spent almost two years listening to the young people she’d later serve: walking the neighbourhoods of Guayaquil alone, sometimes after dark, talking with those who’d talk to her, learning about gangs and impressing the youth with her fearless willingness to be present on their streets. It’s these qualities of presence and acceptance that distinguish Curbelo from others who work with gangs. Instead of dismissing gang culture, she validates the positive elements it inspires: teamwork, commitment, a sense of belonging and quick communication. She refuses to label gang members “delinquents,” and suggests the instinct to come together in “teams” is a positive response by area youth to “a very unfair and unequal society.”
Willard Wigan's artwork is so tiny a microscope is needed to view it. The Birmingham, England, native is known as the creator of the world's smallest sculptures. He makes small worlds of their own that are almost invisible to the naked eye -- such as a $300,000 sculpture that sits on a pinhead. Under a microscope, you see an elephant carved from a fragment of a single grain of sand. "The tail is made from a floating particle of dust out of the air that you see floating," Wigan explained. How does he do it? Wigan uses tiny, homemade tools to carve his sculptures out of grains of rice or sugar, and paints them with a hair plucked from a housefly's back. He said he's able to slow his heart down to work between the beats to avoid hand tremors. "Underneath a microscope, those tremors become an earthquake," he said. According to Wigan, his obsession with tiny objects began when he was a lonely 5-year-old. "I have learning difficulties. You know, I can't read or write. But I had to find a way of expressing myself. The teachers at school made me feel small, so they made me feel like nothing. So I had to show them something." He started by making houses for ants as a child, and now he creates entire, tiny worlds. Wigan has something to prove, which makes the misery worthwhile. "I'm trying to prove to the world that nothing doesn't exist. It doesn't matter how big a building is, it's made up of molecules. We ignore the world that we can't see."
Note: Don't miss the amazing three-minute video clip of this work available here.
The words drifted across the frozen battlefield: 'Stille Nacht. Heilige Nacht'. To the ears of the British troops peering over their trench, the lyrics may have been unfamiliar but the haunting tune was unmistakable. After the last note a lone German infantryman appeared holding a small tree glowing with light. 'Merry Christmas. We not shoot, you not shoot.' It was just after dawn on a bitingly cold Christmas Day in 1914, ... and one of the most extraordinary incidents of the Great War was about to unfold. Weary men climbed hesitantly at first out of trenches and stumbled into no man's land. They shook hands, sang carols, lit each other's cigarettes, swapped tunic buttons and addresses and, most famously, played football. The unauthorised Christmas truce spread across much of the 500-mile Western Front where more than a million men were encamped. There is only one man in the world still alive who spent 25 December 1914 serving in a conflict that left 31 million people dead, wounded or missing. Alfred Anderson was 18 at the time. 'I remember the silence, the eerie sound of silence,' he said. 'Only the guards were on duty. We all went outside the farm buildings and just stood listening. But there was a dead silence that morning, right across the land as far as you could see. We shouted "Merry Christmas", even though nobody felt merry.' In some parts of the front, the ceasefire lasted several weeks. 'I'll give Christmas Day 1914 a brief thought, as I do every year. And I'll think about all my friends who never made it home. But it's too sad to think too much about it. Far too sad,' he said, his head bowed and his eyes filled with tears.
Note: For more on this amazing moment in history, including a powerfully moving song, click here.
Bernie Madoff's investment fund may never have executed a single trade, industry officials say, suggesting detailed statements mailed to investors each month may have been an elaborate mirage in a $50 billion fraud. An industry-run regulator for brokerage firms said ... there was no record of Madoff's investment fund placing trades through his brokerage operation. That means Madoff either placed trades through other brokerage firms, a move industry officials consider unlikely, or he was not executing trades at all. 'Our exams showed no evidence of trading on behalf of the investment advisor, no evidence of any customer statements being generated by the broker-dealer,' said Herb Perone, spokesman for the Financial Industry Regulatory Authority. Each month, Madoff sent out elaborate statements of trades conducted by his broker-dealer. There also appear to be discrepancies between monthly statements sent to investors and the actual prices at which the stocks traded on Wall Street. To some, the numbers did not add up. About 10 years ago, Harry Markopolos, then chief investment officer at Rampart Investment Management Co in Boston, asked risk management consultant Daniel diBartolomeo to run Madoff's numbers after Markopolos tried to emulate Madoff's strategy. DiBartolomeo ran regression analyses and various calculations, but failed to reconcile them. For a decade, Markopolos raised the issue with the U.S. Securities and Exchange Commission, which has come under fire in Congress in recent weeks for failing to act on Markopolos's warnings.
Note: For lots more on corporate corruption from reliable, verifiable sources, click here.
Three days after the world learned that $50 billion may have disappeared in Bernie Madoff’s Ponzi scheme, The Times led its front page of Dec. 14 with the revelation of another $50 billion rip-off. This time the vanished loot belonged to American taxpayers. That was our collective contribution to the $117 billion spent (as of mid-2008) on Iraq reconstruction — a sinkhole of corruption, cronyism, incompetence and outright theft that epitomized Bush management at home and abroad. The source for this news was a near-final draft of an as-yet-unpublished 513-page federal history of this nation-building fiasco. The document was assembled by the Office of the Special Inspector General for Iraq Reconstruction — led by a Bush appointee, no less. It pinpoints, among other transgressions, a governmental Ponzi scheme concocted to bamboozle Americans into believing they were accruing steady dividends on their investment in a “new” Iraq. The $50 billion ... pales next to other sums that remain unaccounted for in the Bush era, from the $345 billion in lost tax revenue due to unpoliced offshore corporate tax havens to the far-from-transparent disposition of some $350 billion in Wall Street bailout money. In the old Pat Moynihan phrase, the Bush years have “defined deviancy down” in terms of how low a standard of ethical behavior we now tolerate as the norm from public officials.
Note: To read the draft of the Office of the Special Inspector General for Iraq Reconstruction's report, click here. To read the New York Times analysis of this important document, click here.
Every patriot should be concerned about the intensifying efforts to supplant democracy with something far more authoritarian. Call it American czarism. Czars - i.e., policymakers granted extralegal, cross-agency powers - have become increasingly prevalent in our government over the past century. Until now, this slow lurch toward czarism has primarily reflected the ancient, almost innate human desire for power and paternalistic leadership. In recent years, this culture of "presidentialism," as Vanderbilt Professor Dana Nelson calls it, has justified the Patriot Act, warrantless wiretaps and a radical theory of the "unitary executive" that aims to provide a jurisprudential rationale for total White House supremacy over all government. But only in the past three months has American czarism metastasized from a troubling slow-growth tumor to a potentially deadly cancer. In October, Congress relinquished its most basic oversight powers and gave Treasury Secretary Henry Paulson sole authority to dole out billions of bailout dollars to Wall Street. At the same time, it did nothing when Federal Reserve chairman Ben Bernanke used fiats to commit $5 trillion worth of new money, loan guarantees and loosened lending requirements ... all while he refused to tell the public who is receiving the largesse. Indeed, the Economist magazine's prediction that the "economic crisis may increase the attractiveness of the Chinese model of authoritarian capitalism" is coming true right here at home, as we seem ever more intent on replicating - rather than resisting - that model.
Note: For many revealing reports on the realities underlying the Wall Street bailout, 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.