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.
When he was just 7 years old, Sacramento native Nate DeFelice was told he had Type 1 diabetes. So when he joined a diabetes research project at Ben-Gurion University [in Israel] two years ago, he hoped it would be a meaningful experience. As it turns out, the project could change his life and those of millions of other diabetics. DeFelice, 27, never dreamed that he would help discover a potential cure for his disease, see the beginning of a Federal Drug Administration-approved clinical trial in the United States, and co-author a scientific paper along with seven other researchers published in October by the National Academy of Sciences. Type 1 diabetes, usually diagnosed in childhood, is caused by a failure of the insulin-producing cells in the pancreas called "islets." They require daily injections of insulin, which helps break down glucose in the blood. When Ben-Gurion University biochemistry Professor Dr. Eli Lewis asked for volunteers to participate in new research on diabetes, DeFelice jumped at the chance. Lewis, DeFelice and the other researchers have focused their investigations on islet transplantation. The Israeli team then opted for a new approach, ... focusing ... on inflammation caused by the transplant itself. Lewis grafted healthy islets into diabetic mice and treated them with an anti-inflammatory drug called alpha-1-antitrypsin, or AAT. Within months, they discovered three encouraging results: AAT enabled the newly grafted islets to survive indefinitely, successfully secreting insulin. The researchers stopped administering AAT and the islets continued to function. The mice's immune systems remained intact and were able to reject additional grafts while the original transplant continued to function.
Note: For many reports on health issues from major media sources, click here.
From the outside, there is nothing unusual about the stylish new gray and orange row houses in the Kranichstein District. But these houses are part of a revolution in building design: There are no drafts, no cold tile floors, no snuggling under blankets until the furnace kicks in. There is, in fact, no furnace. In Berthold Kaufmann’s home, there is, to be fair, one radiator for emergency backup in the living room — but it is not in use. Even on the coldest nights in central Germany, Mr. Kaufmann’s new “passive house” and others of this design get all the heat and hot water they need from the amount of energy that would be needed to run a hair dryer. “You don’t think about temperature — the house just adjusts,” said Mr. Kaufmann. His new home uses about one-twentieth the heating energy of his parents’ home of roughly the same size, he said. The concept of the passive house, pioneered in this city of 140,000 outside Frankfurt, approaches the [energy efficiency] challenge from a different angle. Using ultrathick insulation and complex doors and windows, the architect engineers a home encased in an airtight shell, so that barely any heat escapes and barely any cold seeps in. That means a passive house can be warmed not only by the sun, but also by the heat from appliances and even from occupants’ bodies. And in Germany, passive houses cost only about 5 to 7 percent more to build than conventional houses. New passive houses use an ingenious central ventilation system. The warm air going out passes side by side with clean, cold air coming in, exchanging heat with 90 percent efficiency.
Note: For lots more on new energy technologies from reliable sources, click here.
Sometimes a book, or an idea, can be obscure and widely influential at the same time. That’s the case with Ecotopia, a 1970s cult novel, originally self-published by its author, Ernest Callenbach, that has seeped into the American groundwater without becoming well known. The novel, now being rediscovered, speaks to our ecological present: in the flush of a financial crisis, the Pacific Northwest secedes from the United States, and its citizens establish a sustainable economy, a cross between Scandinavian socialism and Northern California back-to-the-landism, with the custom ... to eat local. In the ’70s, the book, with a blurb from Ralph Nader, was a hit, selling 400,000 or so copies in the United States, and more worldwide. Today, Ecotopia is increasingly assigned in college courses on the environment, sociology and urban planning, and its cult following has begun to reach an unlikely readership: Mr. Callenbach, who lives in Berkeley, Calif., and calls himself a “fringe, ’60s person,” has been finding himself invited to speak at many small religious colleges. This month, the book’s publisher, Bantam, is reissuing it. “For a while it seemed sort of antique to people,” said Mr. Callenbach, a balding and eerily fit man of 79. But now that you go out into America and young society, it apparently doesn’t seem that weird to them at all. "It is so hard to imagine anything fundamentally different from what we have now,” he said. “But without these alternate visions, we get stuck on dead center. And we’d better get ready,” he added. “We need to know where we’d like to go.”
In June, the Pew Forum on Religion and Public Life published a controversial survey in which 70 percent of Americans said that they believed religions other than theirs could lead to eternal life. This threw evangelicals into a tizzy. After all, the Bible makes it clear that heaven is a velvet-roped V.I.P. area reserved for Christians. But the survey suggested that Americans just weren’t buying that. The evangelicals complained that people must not have understood the question. The respondents couldn’t actually believe what they were saying, could they? So in August, Pew asked the question again. Sixty-five percent of respondents said — again — that other religions could lead to eternal life. But this time, to clear up any confusion, Pew asked them to specify which religions. The respondents essentially said all of them. And they didn’t stop there. Nearly half also thought that atheists could go to heaven — dragged there kicking and screaming, no doubt — and most thought that people with no religious faith also could go. What on earth does this mean? One very plausible explanation is that Americans just want good things to come to good people, regardless of their faith. We meet so many good people of different faiths that it’s hard for us to imagine God letting them go to hell. In fact, in the most recent survey, Pew asked people what they thought determined whether a person would achieve eternal life. Nearly as many Christians said you could achieve eternal life by just being a good person as said that you had to believe in Jesus.
One of the most astounding facts about our American life is that the wealth and property of the country and the control of the machinery of government are in the hands of less than 2 per cent of the inhabitants. A small group of excessively wealthy individuals, members of the Republican and Democratic Parties alike, have, through the exercise of powerful, sinister and, too often, unlawful influence, usurped the government and seized public property on such a wholesale scale that they have become ... virtual dictators. A small group of international bankers and money lenders, public utility exploiters and tariff beneficiaries have actually dictated nominations for offices up to the Presidency. They have placed the slickest, cleverest, and most cunning manipulators in official positions, even in the minor posts, where they could be of service when called upon by the invisible power which, utterly devoid of all humanity, seeks but to wallow in riches. So absolute is the power of America's secret dynastic rulers that they have, without hindrance, written the very platforms and pledges of political parties, and because of substantial contributions to campaign chests they have arrogated to themselves the right to dictate the governmental policies of the administration elected to office regardless of party. Woe to the public officials who dare to resent their dictatorship! If there be such public officials who will not submit to their imperious dictation, then the flood-gates of lying press propaganda are released, sweeping the unhappy public servant to an earthly as well as political grave, or compelling him to compromise with his conscience and become their subservient tool to the end of his term.
Note: John F. Hylan was Mayor of New York City from 1918 to 1925. New York has long been the US banking and financial headquarters, with the mayor's office about a half-mile from the New York Stock Exchange. The rest of this important article can be accessed at this link as well as the one above. It is interesting to note that this article was published not long after the Federal Reserve was created, turning over huge amounts of control of the U.S. economy to the most powerful bankers in the country. For more on this, click here.
After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending it. Some won't even talk about it. "We're choosing not to disclose that," said Kevin Heine, spokesman for Bank of New York Mellon, which received about $3 billion. The Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions: How much has been spent? What was it spent on? How much is being held in savings, and what's the plan for the rest? None of the banks provided specific answers. Some banks said they simply didn't know where the money was going. There has been no accounting of how banks spend that money. The answers highlight the secrecy surrounding the Troubled Asset Relief Program, which earmarked $700 billion ... to help rescue the financial industry. Lawmakers summoned bank executives to Capitol Hill last month and implored them ... not to hoard it or spend it on corporate bonuses, junkets or to buy other banks. But there is no process in place to make sure that's happening and there are no consequences for banks that don't comply. Meanwhile, banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year. Congress attached nearly no strings to the $700 billion bailout in October. And the Treasury Department, which doles out the money, never asked banks how it would be spent. No bank provided even the most basic accounting for the federal money. Most banks wouldn't say why they were keeping the details secret.
Note: Explore key information that the bankers don't want you to know on the Federal Reserve, which is neither federal, nor a reserve. For more along these lines, see concise summaries of deeply revealing news articles on the banking bailout from reliable major media sources. Then explore the excellent, reliable resources suggesting major corruption provided in our Banking Information Center.
I got a call from Illinois Gov. Rod Blagojevich the other day. The first thing I said to him was, "You know, this call is probably being taped." Blagojevich said he had read my column in The Chronicle last week, in which I raised questions about the "pay to play" charges being leveled against him in connection with his pending appointment of someone to fill Barack Obama's now-empty U.S. Senate seat. I think he liked how I raised questions about the timing and manner of U.S. Attorney Patrick Fitzgerald's decision to charge him over what appears to be little more than loose conversations he had with his staff. I wouldn't bet on him stepping aside anytime soon. If anything, his hand is getting stronger by the day. I can't go into details, but my impression is that the whole mess started because the governor had been considering appointing a political rival, Illinois Attorney General Lisa Madigan, to the Senate so she wouldn't be able to run against him when he went up for re-election in 2010. Apparently, Obama's people weren't happy about the idea of Madigan coming to Washington, and there were some pretty heated conversations between Blagojevich and Obama chief of staff Rahm Emanuel, which I understand will burn your ears off. It was pretty clear that Blagojevich is going to hang tough, especially after the Illinois Supreme Court shot down Madigan's request that he be forced from office because he supposedly can't carry out his duties. It is also pretty clear that despite all the screaming over his appearing to be "selling" the seat in return for political favors or financial considerations, his fellow Democrats are not going to strip him of his power to appoint someone to replace Obama.
Note: The author of this article is insider Willie Brown, former mayor of San Francisco and power-broking speaker of California's assembly for 15 years. For an alleged transcript of the actual conversation between Blagojevich and Rahm Emanuel, click here. If this is true, watch for some big shifts.
The revelation that Bernard Madoff — brilliant investor (or so almost everyone thought), philanthropist, pillar of the community — was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend. Yet ... how different, really, is Mr. Madoff’s tale from the story of the investment industry as a whole? The financial services industry has claimed an ever-growing share of the nation’s income over the past generation, making the people who run the industry incredibly rich. Yet, at this point, it looks as if much of the industry has been destroying value, not creating it. And it’s not just a matter of money: the vast riches achieved by those who managed other people’s money have had a corrupting effect on our society as a whole. Last year, the average salary of employees in “securities, commodity contracts, and investments” was more than four times the average salary in the rest of the economy. Earning a million dollars was nothing special, and even incomes of $20 million or more were fairly common. The incomes of the richest Americans have exploded over the past generation, even as wages of ordinary workers have stagnated. High pay on Wall Street was a major cause of that divergence. Wall Street’s ill-gotten gains corrupted and continue to corrupt politics, in a nicely bipartisan way. From Bush administration officials ... who looked the other way as evidence of financial fraud mounted, to Democrats who still haven’t closed the outrageous tax loophole that benefits executives at hedge funds and private equity firms ... politicians have walked when money talked. The pay system on Wall Street lavishly rewards the appearance of profit, even if that appearance later turns out to have been an illusion.
Note: This entire, penetrating article is well worth a read at the link above. For many revealing reports from reliable sources on the realities of the Wall Street bailout, click here.
Mystery surrounds the death of a Republican pollster, recently compelled to give evidence about alleged election fraud in the 2004 election in Ohio, after he was killed in a plane crash. Top internet strategist Michael Connell, 45, was the only person in his single-engine private plane that crashed three miles short of the Akron-Canton airport on Friday night as he prepared to land. He had worked on Mr Bush's two presidential campaigns, advised John McCain this year and was also linked to allegedly missing White House emails in the 2006 controversy over a string of firings of US attorneys. The death of the married father of four immediately triggered conspiracy theories amid speculation that he had been about to reveal embarrassing details of the complicity of senior members of the Bush administration in fixing an election and destroying incriminating emails. In a blog posting entitled "One of my sources died in a plane crash last night...", Larisa Alexandrovna of The Raw Story revealed that Mr Connell had been talking to her about the Ohio case alleging that vote-tampering during the 2004 presidential election resulted in civil rights violations. "Mike was getting ready to talk. He was frightened... I am not saying that this was a hit nor am I resigned to this being simply an accident either. I am no expert on aviation and cannot provide an opinion on the matter. What I am saying, however, is that given the context, this event needs to be examined carefully."
Important Note: This death becomes even stranger considering that attorneys had sought protection for Connell against threats from Karl Rove in late July (click here). He also was apparently warned not to fly.
George S. Patton, America's greatest combat general of the Second World War, was assassinated after the conflict with the connivance of US leaders, according to a new book. The newly unearthed diaries of a colourful assassin for the wartime Office of Strategic Services (OSS), the forerunner of the CIA, reveal that American spy chiefs wanted Patton dead because he was threatening to expose allied collusion with the Russians that cost American lives. The death of General Patton in December 1945, is one of the enduring mysteries of the war era. Although he had suffered serious injuries in a car crash in Manheim, he was thought to be recovering and was on the verge of flying home. But after a decade-long investigation, military historian Robert Wilcox claims that OSS head General "Wild Bill" Donovan ordered a highly decorated marksman [named] Douglas Bazata to silence Patton. His book, Target: Patton: The Plot to Assassinate General George S. Patton, contains interviews with Mr Bazata, who died in 1999, and extracts from his diaries, detailing how he staged the car crash by getting a troop truck to plough into Patton's Cadillac and then shot the general with a low-velocity projectile, which broke his neck while his fellow passengers escaped without a scratch. Mr Wilcox told The Sunday Telegraph that when he spoke to Mr Bazata: "He was struggling with himself, all these killings he had done. He confessed to me that he had caused the accident, that he was ordered to do so by Wild Bill Donovan."
Note: For key insights from reliable, verifiable sources into assassination as a political tool, click here.
The foreign nonunion auto companies located in the South have a plan to reduce wages and benefits at their factories in the United States. And to do it, they need to destroy the United Auto Workers. Last week, Senate Republicans from some Southern states went to work trying to do just that, on the foreign car companies' behalf. [Republican] representatives from states that subsidize companies such as Honda, Volkswagen, Toyota and Nissan first tried to force the UAW to take reductions in wages and benefits as a condition for supporting the auto industry bailout bill. When the UAW refused, those senators torpedoed the bill. They claimed that they couldn't support the bill without specifics about how wages would be "restructured." They didn't, however, require such specificity when it came to bailing out the financial sector. Their grandstanding, and the government's generally lackluster response to the auto crisis, highlight many of the problems that have caused our current economic mess: the lack of concern about manufacturing, the privileged way our government treats the financial sector, and political support given to companies that attempt to slash worker's wages. When one compares how the auto industry and the financial sector are being treated by Congress, the double standard is staggering. At Goldman Sachs ... employee compensation made up 71% of total operating expenses in 2007. In the auto industry, by contrast, autoworker compensation makes up less than 10% of the cost of manufacturing a car. Hundreds of billions were given to the financial-services industry with barely a question about compensation; the auto bailout, however, was sunk on this issue alone.
Note: For highly revealing reports from reliable sources on the realities of the Wall Street bailout, click here.
A new report by the U.S. Army War College talks about the possibility of Pentagon resources and troops being used should the economic crisis lead to civil unrest, such as protests against businesses and government or runs on beleaguered banks. �Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security,� said the War College report. The study says economic collapse ... and loss of legal order are among possible domestic shocks that might require military action within the U.S.. U.S. Sen. James Inhofe, R-Okla., and U.S. Rep. Brad Sherman, D-Calif., both said U.S. Treasury Secretary Henry Paulson brought up a worst-case scenario as he pushed for the Wall Street bailout in September. Paulson ... said that might even require a declaration of martial law, the two noted. State and local police in Arizona say they have broad plans to deal with social unrest, including trouble resulting from economic distress. The security and police agencies declined to give specifics, but said they would employ existing and generalized emergency responses to civil unrest that arises for any reason. �The Phoenix Police Department is not expecting any civil unrest at this time, but we always train to prepare for any civil unrest issue. We have a Tactical Response Unit that trains continually and has deployed on many occasions for any potential civil unrest issue,� said Phoenix Police spokesman Andy Hill.
Note: Use of military forces to maintain domestic order has been forbidden since 1878 by the Posse Comitatus Act. The Pentagon appears to be planning to abrogate this key support of civil liberties.
Vice President Dick Cheney said Monday that he was directly involved in approving severe interrogation methods used by the CIA, and that the prison at Guantanamo Bay, Cuba, should remain open indefinitely. Cheney's comments ... mark the first time that he has acknowledged playing a central role in clearing the CIA's use of an array of controversial interrogation tactics, including a ... method known as waterboarding. "I was aware of the program, certainly, and involved in helping get the process cleared," Cheney said in an interview with ABC News. Asked whether he still believes it was appropriate to use the waterboarding method on terrorism suspects, Cheney said: "I do." His comments come on the heels of disclosures by a Senate committee showing that high-level officials in the Bush administration were intimately involved in reviewing and approving interrogation methods that have since been explicitly outlawed and that have been condemned internationally as torture. Soon after the Sept. 11 attacks, Cheney said, the CIA "in effect came in and wanted to know what they could and couldn't do. And they talked to me, as well as others, to explain what they wanted to do. And I supported it." Waterboarding involves strapping a prisoner to a tilted surface, covering his face with a towel and dousing it to simulate the sensation of drowning. CIA Director Michael V. Hayden has said that the agency used the technique on three Al Qaeda suspects in 2002 and 2003. Cheney has long defended the technique. But he has not previously disclosed his role in pushing to give the CIA such authority.
Note: For lots more from major media sources on US torture and other war crimes committed in the Iraq and Afghan wars, click here.
Israeli authorities on Monday expelled Richard Falk, a United Nations investigator of human rights in the Palestinian territories, saying he was unwelcome because of what the government has regarded as his hostile position toward Israel. Mr. Falk, an American, arrived in Israel on Sunday. He was held [overnight] at the airport and placed on the first available flight back to Geneva, his point of departure. Mr. Falk, a professor of international law at Princeton, has the title of United Nations Human Rights Council special rapporteur for the Palestinian territories. He has long been criticized in Israel for what many Israelis say are unfair and unpalatable views. He has compared Israel’s treatment of the Palestinians to Nazi atrocities and has called for more serious examination of the conspiracy theories surrounding the Sept. 11 attacks. Pointing to discrepancies between the official version of events and other versions, he recently wrote that “only willful ignorance can maintain that the 9/11 narrative should be treated as a closed book.” In his capacity as a United Nations investigator, Mr. Falk issued a statement this month describing Israel’s embargo on Gaza ... as a crime against humanity. Regardless of Mr. Falk’s views, some Israelis questioned the wisdom of banning him, noting that it would hardly make his reports more sympathetic. Jessica Montell, the executive director of B’Tselem, an Israeli group that monitors human rights in the occupied territories, said that ... barring his entry was “an act unbefitting of democracy.”
Note: Israel quite explicitly raised the issue of Falk's call for a genuine investigation of the 9/11 attacks in its explanation of his deportation. Why would the state of Israel oppose such an investigation? For information from major media sources on this and many other questions about what really happened on 9/11, click here.
AIG, the huge insurance company, has so far gotten $173 billion worth of federal aid, because traders at one small division made bets on exotic securities that were so calamitous they threatened to bring down the whole company. So far, the amount of money the feds have pledged to this one firm equals nearly one-third of the nation’s defense budget. General Motors, America’s biggest automaker, has asked for a $10 billion federal loan, equal to one-seventeenth of what AIG has gotten – and Congress has said no. There were no rogue traders at GM, and the company’s problems have intensified in plain view, over several months, instead of coming from out of nowhere in a single, cataclysmic episode. Make sense? Doesn’t to me. So maybe if we look at each company a bit more closely, it will be clearer why the government favors companies like AIG over ones like GM. Does have AIG have friends in high places? You could say that. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke both support the AIG bailout, and they’ve steered money to the company without Congressional approval. GM’s most important friends in Washington have been the Michigan Congressional delegation, which obviously doesn’t have the clout it used to. Paulson has actually argued against using part of the huge $700 billion financial bailout fund to help the automakers, because they can’t pass a “viability” test proving they’ll stay in business long enough to pay back the loans. But AIG hasn’t passed a viability test either, and without federal help there’s little doubt it would be in bankruptcy.
Note: At least someone is asking the right questions! For many highly revealing reports from reliable sources on the realities of the Wall Street bailout, click here.
Over the next 20 years or so, oil and natural gas will lose top ranking as the world's most affordable energy sources, according to a survey of energy executives. Deeper wells in more inhospitable places, both political and geological, have altered presumptions of doing business in the oil patch. Nearly three out of four executives and managers surveyed last month by Deloitte LLP said oil and gas are the cheapest available energy sources for now, though only 23 percent believe that will be the case in 25 years. The sampling revealed a growing concern about the sustainability of oil and natural gas in the coming years. Future sources of fossil fuels, the cost of producing them and the price consumers will pay are some of the biggest uncertainties facing the industry. "Clearly, the oil and gas professionals involved in our survey are starting to think about the nation's transition to renewable energy and other alternative fuels," said Gary Adams, vice chairman of Deloitte's oil and gas practice. Of the executives interviewed by Deloitte, 53 percent said they think the U.S. could run out of reasonably priced oil within the next quarter century, and 56 percent said the world is likely to face the same scenario in the next 50 years. Three out of four said shifting away from the nation's reliance on fossil fuels for transportation needs is an appropriate goal for the country, yet most think the best alternative right now is natural gas. About 30 percent said electric plug-in vehicles are the most promising alternative.
Note: For a treasure trove of exciting reports of new developments in energy production, click here.
Most of us take for granted that those rectangular green slips of paper we keep in our wallets are inviolable: the physical embodiment of value. But alternative forms of money have a long history and appear to be growing in popularity. It's not merely barter or primitive means of exchange like seashells or beads. Beneath the financial radar, in hip U.S. towns or South African townships, in shops, markets and even banks, people throughout the world are exchanging goods and services via thousands of currency types that look nothing like official tender. Alternative means of trade often surface during tough economic times. "When money gets dried up and there are still needs to be met in society, people come up with creative ways to meet those needs," says Peter North, a senior lecturer in geography at the University of Liverpool and the author of [a book] on the subject. He refers to the "scrips" issued in the U.S. and Europe during the Great Depression that kept money flowing and the massive barter exchanges involving millions of people that emerged amid runaway inflation in Argentina in 2000. "People were kept from starving [this way]," he says. Closer to home, "Ithaca Hours," with a livable hourly wage as the standard, were launched during the 1991 recession to sustain the economy in Ithaca, N.Y., and stem the loss of jobs. Hours, which are legal and taxable, circulate within the community, moving from local shop to local artisan and back, rather than leaking out into the larger monetary system. The logo on the Hour reads "In Ithaca We Trust." Alternative (or "complementary") currencies range from quaint to robust, simple to high tech.
Note: Read the entire article at the link above to learn about the great range of uses and benefits provided by alternative currencies.
Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules. But at the last minute, the Bush administration insisted on a one-sentence change to the provision. The change stipulated that the penalty would apply only to firms that received bailout funds by selling troubled assets to the government in an auction, which was the way the Treasury Department had said it planned to use the money. Now, however, the small change looks more like a giant loophole, according to lawmakers and legal experts. In a reversal, the Bush administration has not used auctions for any of the $335 billion committed so far from the rescue package, nor does it plan to use them in the future. Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives. "The flimsy executive-compensation restrictions in the original bill are now all but gone," said Sen. Charles E. Grassley (Iowa), ranking Republican on of the Senate Finance Committee. Senators on the Finance Committee have expressed concern to Paulson and are now considering whether they should amend the law to apply the enforcement mechanism to all firms participating in the bailout.
Note: For a treasure trove of reliable reports exposing the realities of the Wall Street bailout, click here.
The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression. The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. “If they told us what they held, we would know the potential losses that the government may take and that’s what they don’t want us to know,” said Carlos Mendez, a senior managing director at New York-based ICP Capital LLC. The Fed stepped into a rescue role that was the original purpose of the Treasury’s $700 billion Troubled Asset Relief Program. The central bank loans don’t have the oversight safeguards that Congress imposed upon the TARP. Total Fed lending exceeded $2 trillion for the first time Nov. 6. It rose by 138 percent, or $1.23 trillion, in the 12 weeks since Sept. 14, when central bank governors relaxed collateral standards to accept securities that weren’t rated AAA. “There has to be something they can tell the public because we have a right to know what they are doing,” said Lucy Dalglish, executive director of the Arlington, Virginia-based Reporters Committee for Freedom of the Press.
A bipartisan panel of senators has concluded that former defense secretary Donald H. Rumsfeld and other top Bush administration officials bear direct responsibility for the harsh treatment of detainees at Guantanamo Bay, and that their decisions led to more serious abuses in Iraq and elsewhere. In the most comprehensive critique by Congress of the military's interrogation practices, the Senate Armed Services Committee issued a report yesterday that accuses Rumsfeld and his deputies of being the authors and chief promoters of harsh interrogation policies that disgraced the nation and undermined U.S. security. "The abuse of detainees in U.S. custody cannot simply be attributed to the actions of 'a few bad apples' acting on their own," the report states. "The fact is that senior officials in the United States government solicited information on how to use aggressive techniques, redefined the law to create the appearance of their legality, and authorized their use against detainees." Human rights and constitutional law organizations have urged further action, ranging from an independent commission to prosecutions of those involved in authorizing the interrogations. Michael Ratner, president of the Center for Constitutional Rights, which has helped defend detainees at Guantanamo, said the committee report is valuable because "it's official, it's bipartisan. It's open and explicit, going right to Rumsfeld and having Rice involved," Ratner said. "It breaks new ground in saying that the [torture] techniques basically don't work . . . that they're actually designed to elicit false confessions."
Note: To read the full report, click here. For many key reports from major media sources detailing US torture and war crimes in Iraq and Afghanistan, 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.