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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.


The Ground Zero Grassy Knoll
2006-03-27, New York Magazine
Posted: 2006-11-11 00:00:00
http://www.nymetro.com/news/features/16464

Why, if the impact destroyed the planes’ supposedly crash-proof flight-recorder black boxes, was the FBI able to find, in perfect condition, the passport of Satam al Suqami, one of the...Flight 11 hijackers? How could they, an hour after the first World Trade Center crash, allow an obviously hostile airplane to smash into the Pentagon, headquarters of the entire military-industrial complex? A story in Newsweek...said these generals were told earlier that week not to fly. [On 9/11 a] fireman indicated the building in front of us. “That building is coming down,” he said. At 47 stories, it would be a skyscraper in most cities. Five minutes later, at 5:20, the building, 7 World Trade Center, crumbled. What happened at 7 WTC might be the key to the entire mystery. The $500 million insurance profit made by Larry Silverstein [and] the list of 7 WTC tenants sets conspiracy heads spinning: The IRS, the Department of Defense, and the CIA kept offices on the 25th floor. The Secret Service occupied the ninth and tenth. The Securities and Exchange Commission (home to vast records of bank transactions) was on floors 11 through 13. The 23rd floor was home to Rudy Giuliani’s Office of Emergency Management, his crisis center. Central to the scenario is a comment made by Silverstein in a 2002 PBS documentary. “We’ve had such a terrible loss of life. Maybe the smartest thing to do is pull it.” “Pull it”...is the term usually used for controlled demolition. 7 WTC is not even mentioned in The 9/11 Commission Report.


Science accuses BBC of medical quackery
2006-03-26, London Times
Posted: 2006-11-11 00:00:00
http://www.timesonline.co.uk/article/0,,2087-2104024,00.html

Some of Britain’s leading scientists have accused the BBC of “quackery” by misleading viewers in an attempt to exaggerate the power of alternative medicine. The criticisms centre on Alternative Medicine, a series broadcast on BBC2 in January. The key critics include two scientific advisers to the series: Edzard Ernst, professor of complementary medicine at Exeter University; and George Lewith, director of the centre for the study of complementary medicine at Southampton University. Lewith, an expert on the effects of acupuncture, said in an interview yesterday: “The experiment was not groundbreaking; its results were sensationalised.” A [BBC] spokesman said yesterday: “We take these allegations very seriously and we strongly refute them. We used two scientific consultants for the series, Professor Ernst and Jack Tinker, dean emeritus of the Royal Society of Medicine, both of whom signed off the programme scripts. It seems extremely unusual that Professor Ernst should make these comments so long after the series has aired.” The spokesman said Tinker had indicated he remained happy with the tone and content of the films, stating: “Fellow medics at the Royal Society, including one eminent professor, said it was the best medical series they had seen on television.”


Election Whistle-Blower Stymied by Vendors
2006-03-26, Washington Post
Posted: 2006-11-11 00:00:00
http://www.washingtonpost.com/wp-dyn/content/article/2006/03/25/AR20060325008...

Among those who worry that hackers might sabotage election tallies, Ion Sancho is something of a hero. The maverick elections supervisor in Leon County, Fla., last year helped show that electronic voting machines from one of the major manufacturers are vulnerable...and would allow election workers to alter vote counts without detection. Now, however, Sancho may be paying an unexpected price for his whistle-blowing: None of the state-approved companies here will sell him the voting machines the county needs. "I believe I'm being singled out for punishment by the vendors," he said. The trouble began last year when Sancho allowed a Finnish computer scientist to test Leon County's Diebold voting machines, a common type that uses an optical scanner to count votes from ballots that voters have marked. Some tests...showed that elections workers could alter the vote tallies by manipulating the removable memory cards in the voting machines, and do so without detection. Last month, California elections officials arranged for experts to perform a similar analysis of the Diebold machines and also found them vulnerable -- noting a wider variety of flaws than Sancho's experts had. A spokesman said Diebold will not sell to Sancho without assurances that he will not permit more such tests, which the company considers a reckless use of the machines.


Who's afraid of the 'Israel Lobby'?
2006-03-26, Los Angeles Times
Posted: 2006-11-11 00:00:00
http://www.latimes.com/news/printedition/opinion/la-op-goldberg26mar26,1,3015...

The idea of a powerful "Jewish lobby" that has its gnarled fingers in the machinery of the government is an old and repugnant canard. In the modern era, even to broach the idea of a "Jewish lobby" is unacceptable. It's just not done in polite society -- even in situations in which there's some truth to it. That's why it was a bit of a shock last week when a 12,000-word article by two eminent professors -- Stephen Walt, the academic dean of Harvard University's John F. Kennedy School of Government, and John Mearsheimer, a professor of political science at the University of Chicago -- appeared in the London Review of Books under the title "The Israel Lobby." According to the two academics, the United States' "unwavering support" for Israel -- including the $3 billion a year we give in direct assistance -- is justified by neither strategic nor moral imperatives. Despite the common view, Israel is, in fact, the Goliath in the Middle East, not the David. It is...an avowedly Jewish state in which Arabs live as second-class citizens. "The bottom line is that AIPAC, a de facto agent for a foreign government, has a stranglehold on Congress," Walt and Mearsheimer contend. Public reaction has varied. Harvard has reportedly distanced itself from the original report. It seems silly to deny that a powerful lobby on behalf of Israel exists. The real question is how pernicious it is. My advice is to judge for yourself. The full article is available at http://www.lrb.co.uk/v28/n06/mear01_.html

Note: For information on how Harvard distanced itself from this paper: http://www.nysun.com/article/29638. For the mixed reaction to this paper in Israel: http://www.csmonitor.com/2006/0324/dailyUpdate.html


Unwelcome Attention From Moussaoui Trial
2006-03-25, New York Times
Posted: 2006-11-11 00:00:00
http://www.nytimes.com/2006/03/25/politics/25moussaoui.html?ex=1300942800&en=...

The sentencing trial of Zacarias Moussaoui was supposed to have been the government's best opportunity to hold someone accountable for the deaths on Sept. 11, 2001. But after federal prosecutors finished laying out their case this week, even those who strongly supported an aggressive prosecution may wonder whether the trial has shed as much light on Mr. Moussaoui's culpability as it has on the missteps and mistakes by law enforcement agencies. The testimony of two prosecution witnesses, in particular, has brought renewed and unwelcome attention to how the [FBI] dealt with early warning signs. Mr. Moussaoui is the sole person to go to trial in an American courtroom for the attacks. Under cross-examination...Mr. Samit acknowledged that after the attacks he had written strongly worded reports saying his superiors had improperly blocked his efforts to investigate Mr. Moussaoui. He added that he was convinced that Mr. Moussaoui was a terrorist involved in an imminent hijacking plot. He offered a devastating comment from a supervisor who said pressing too hard to obtain a warrant for Mr. Moussaoui would hurt his career. Mr. Samit also wrote that his superiors did not act because they were guilty of "criminal negligence" and they were gambling that Mr. Moussaoui had little to offer. The lost wager, Mr. Samit said, was paid in many lives.


Researchers Shed More Light on Bird Flu
2006-03-23, Washington Post
Posted: 2006-11-11 00:00:00
http://www.washingtonpost.com/wp-dyn/content/article/2006/03/22/AR20060322020...

Two research teams have independently discovered explanations for the chief features of the H5N1 bird flu virus -- its difficulty infecting humans, and the deadly effects when it does. Unlike influenza viruses that are passed easily between people, H5N1 has a hard time attaching to cells in the nose, throat and upper airways. But it readily attaches to cells deep in the lungs. This suggests that people need close and heavy exposure to the H5N1 virus for it to get into the lungs.

Note: Yet governments have already spent many millions of dollars stockpiling Tamiflu believing that avian flu will mutate and cause a pandemic killing millions. And top government officials have already made many millions of dollars on stocks related to Tamiflu--the drug designed to combat a deadly virus which hasn't even mutated yet to know if the drug works! Remember that generating fear in the public is one of the best ways to make a profit. For lots more, click here.


CNN Raises Serious Questions About 9/11 Over Several Days
2006-03-22, CNN
Posted: 2006-11-11 00:00:00
http://www.WantToKnow.info/cnn9-11cover-up

[March 22] HAMMER: A Charlie Sheen shocker. Tonight, the actor`s stunning statements on 9/11. Maybe the airplanes did not take down the Twin Towers. And maybe the government is covering it all up. SHEEN: The more you look at stuff, especially specific incidents, specific events in and around the fateful day, it just -- it just raises a lot of questions. HAMMER: Charlie Sheen, star of CBS`s successful sitcom, "Two and a Half Men", says point blank, 9/11, the Pentagon, the World Trade Center, this is all a cover up. [March 23] It's been pretty hard to believe the response we got today to the incredible story Showbiz Tonight broke last night, after Charlie Sheens' startling claims that the government may be covering up what really happened on 9/11. So many emails coming in...we've been really overwhelmed today. Between the emails, the blogs, the websites -- everybody is writing and talking about it. [March 27] HAMMER: Over the weekend I had the opportunity to sit down with Sharon stone. She commended Charlie Sheen for having the guts to speak his mind. SHARON STONE: I think you have to be brave enough to say how you feel and stand in the face of authority and say it. That`s why we have freedom of speech. HAMMER: Responses at SHOWBIZ TONIGHT absolutely overwhelming. The e-mails continue to flood in. They were coming in all weekend long. We were asking the question; do you agree there is a government cover-up of 9/11? More than 53,000 of you voted in our online poll. Eighty-three percent of you agreed and said yes; 17 percent of you said no.


Regaining My Humanity - A Career Soldier Chooses Jail for Reasons of Conscience
2006-03-22, TruthOut
Posted: 2006-11-11 00:00:00
http://www.WantToKnow.info/060322soldierasksforgiveness

I was deployed to Iraq in April 2003 and returned home for a two-week leave in October. Going home gave me the opportunity to put my thoughts in order and to listen to what my conscience had to say. I realized that none of the reasons we were told about why we were in Iraq turned out to be true. Coming home gave me the clarity to see the line between military duty and moral obligation. By putting my weapon down, I chose to reassert myself as a human being. I have not deserted the military nor been disloyal to the men and women of the military. I have not been disloyal to a country. I have only been loyal to my principles. Many have called me a coward, others have called me a hero. I believe I can be found somewhere in the middle. To those who have called me a hero, I say that I don't believe in heroes, but I believe that ordinary people can do extraordinary things. Today, as I sit behind bars I realize that there are many types of freedom, and that in spite of my confinement I remain free in many important ways. What good is freedom if we are afraid to follow our conscience? What good is freedom if we are not able to live with our own actions? I am confined to a prison but I feel, today more than ever, connected to all humanity. Behind these bars I sit a free man because I listened to a higher power, the voice of my conscience.


Selling 'pandemic flu' through a language of fear
2006-03-21, Christian Science Monitor
Posted: 2006-11-11 00:00:00
http://www.csmonitor.com/2006/0321/p09s01-coop.html

Americans consider the United States to be a country where debate flourishes. Yet with regard to avian flu, hyped sound bites predominate. When President Bush asked Congress for $7.1 billion toward "pandemic flu preparedness," even his critics replied "not enough." What is lacking in the overall discussion about pandemic flu is disagreement, criticism, and skepticism - once the bedrock of science - from researchers willing to question and test the data. Some facts: According to the World Health Organization, the first "outbreak" of the H5N1 virus, also known as avian flu, killed six people in 1997. Since then, H5N1 has allegedly killed 97 more worldwide, the majority of whom lived in poor, rural areas and had direct contact with dead or sick birds often kept in unsanitary conditions. These numbers do not suggest the human population faces an insurmountable threat from this virus. Peter Palese, flu scientist at Mount Sinai School of Medicine in New York, told The New York Times in a Nov. 8, 2005 article that H5N1 is a false alarm. The virus has been "around for more than a dozen years, but it hasn't jumped into the human population." The reason? It probably can't. There are better ways to promote America's health than selling sickness through the language of fear. Before the government employs "all instruments of national power," including "quarantine authority," as the National Strategy for Pandemic Influenza declares, we need to be told what "pandemic flu" really means.

Note: Not mentioned are the huge profits reaped by the drug companies and their political supporters thanks to the intense fear of bird flu generated by the media. For more: http://www.WantToKnow.info/healthcoverup


FBI Agent Slams Bosses at Moussaoui Trial
2006-03-21, CBS News/Associated Press
Posted: 2006-11-11 00:00:00
http://www.cbsnews.com/stories/2006/03/21/ap/national/mainD8GFLTIGA.shtml

The FBI agent who arrested Zacarias Moussaoui in August 2001 testified Monday he spent almost four weeks trying to warn U.S. officials about the radical Islamic student pilot but "criminal negligence" by superiors in Washington thwarted a chance to stop the 9/11 attacks. Samit told MacMahon he couldn't persuade FBI headquarters or the Justice Department to take his fears seriously. Samit's complaints echoed those raised in 2002 by Coleen Rowley, the bureau's agent-lawyer in the Minneapolis office. Rowley went public with her frustrations, was named a Time magazine person of the year for whistleblowing. Samit revealed far more than Rowley of the details of the investigation. For each nugget of information, MacMahon asked Samit if Washington officials called to assess the implications. Time after time, Samit said no.


IRS plans to allow preparers to sell data
2006-03-21, Philadelphia Enquirer (Philadelphia's leading newspaper)
Posted: 2006-11-11 00:00:00
http://www.philly.com/mld/inquirer/business/14147002.htm

The IRS is quietly moving to loosen the once-inviolable privacy of federal income-tax returns. If it succeeds, accountants and other tax-return preparers will be able to sell information from individual returns - or even entire returns - to marketers and data brokers. The change is raising alarm among consumer and privacy-rights advocates. It was included in a set of proposed rules that the Treasury Department and the IRS published...where the official notice labeled them "not a significant regulatory action." The proposed rules...would require a tax preparer to obtain written consent before selling tax information. Critics call the changes a dangerous breach in personal and financial privacy. They say the requirement for signed consent would prove meaningless for many taxpayers, especially those hurriedly reviewing stacks of documents before a filing deadline.The IRS first announced the proposal in a news release the day before the official notice was published, headlined: "IRS Issues Proposed Regulations to Safeguard Taxpayer Information."


Woman With Perfect Memory Baffles Scientists
2006-03-20, ABC News
Posted: 2006-11-11 00:00:00
http://abcnews.go.com/Technology/story?id=1738881&page=1

[AJ] remembers every day and almost every detail of her life. James McGaugh is one of the world's leading experts on how the human memory system works. But these days, he admits he's stumped. McGaugh's journey through an intellectual purgatory began six years ago when a woman now known only as AJ wrote him a letter detailing her astonishing ability to remember with remarkable clarity even trivial events that happened decades ago. Give her any date...and she could recall the day of the week, usually what the weather was like on that day, personal details of her life at that time, and major news events that occurred on that date. Like any good scientist, McGaugh was initially skeptical. But not anymore. "This is real," he says. "In order to explain a phenomenon you have to first understand the phenomenon," McGaugh says. "We're at the beginning."

Note: The human mind and spirit are much more powerful than many scientists might imagine.


'Iraq was awash in cash. We played football with bricks of $100 bills'
2006-03-20, The Guardian (one of the UK's leading newspapers)
Posted: 2006-11-11 00:00:00
http://www.guardian.co.uk/Iraq/Story/0,,1734939,00.html

At the start of the Iraq war, around $23bn-worth of Iraqi money was placed in the trusteeship of the US-led coalition by the UN. The money...was to be used in a "transparent manner"...for "purposes benefiting the people of Iraq". For the past few months we have been working on a Guardian Films investigation into what happened to that money. A great deal of it has been wasted, stolen or frittered away. Over the first 14 months of the occupation, 363 tonnes of new $100 bills were shipped in - $12bn, in cash. "Iraq was awash in cash - in dollar bills. Piles and piles of money," says Frank Willis, a former senior official with the governing Coalition Provisional Authority. "We played football with some of the bricks of $100 bills before delivery. It was a wild-west crazy atmosphere". The environment created by the coalition positively encouraged corruption. "American law was suspended, Iraqi law was suspended, and Iraq basically became a free fraud zone," says Alan Grayson, a Florida-based attorney who represents whistleblowers now trying to expose the corruption. One CPA official was given nearly $7m and told to spend it in seven days.

Note: I highly recommend this entire article to understand some of what happens in war. For lots more on war-related corruption written by a highly decorated US general, see http://www.WantToKnow.info/warisaracket


Medical research increasingly funded by industry
2006-03-17, Reuters/Princeton Media Associates
Posted: 2006-11-11 00:00:00
http://princetoncme.com/news.php?story=20060317prof001

From 1994 to 2003, medical research funded by pharmaceutical and biotechnology companies steadily increased and now surpasses research funded by government or public sources, according to a review of the most frequently cited studies. In the new study, reported in the March 17th online issue of the British Medical Journal, the sponsorship of 289 articles...was determined. Overall, 60% of articles had government or public funding and 36% were funded by industry. However, this masks the dramatic rise in industry funding that occurred over time: in 1994, roughly 30% of articles were funded by industry compared with over 50% in 2001. Moreover, 65 of the 77 most cited randomized controlled trials involved industry funding. "Medical research should reflect public needs more closely and the efforts of all of those involved should be better coordinated," the authors emphasize.


Pentagon eyeing weapons in space
2006-03-14, Boston Globe
Posted: 2006-11-11 00:00:00
http://www.boston.com/news/nation/washington/articles/2006/03/14/pentagon_eye...

The Pentagon is asking Congress for hundreds of millions of dollars to test weapons in space, marking the biggest step toward creating a space battlefield since President Reagan's long-defunct "star wars" project. The Defense Department's budget proposal...includes money for a variety of tests on offensive and defensive weapons. Arms-control specialists fear the tests will push the military closer to basing weapons in space than during Reagan's Strategic Defense Initiative in the mid-1980s -- without a public debate of the potential consequences. The descriptions included in the budget request mark only what is publicly known about the military's space warfare plans. Specialists believe the classified portion of the $439 billion budget, blacked out for national security reasons, almost certainly includes other space-related programs. Under President Bush, the White House has emphasized what's known as "space dominance" -- the notion that the United States must command space to defend the nation, but the budget request marks a transition from laboratory theory to reality. The Bush administration has sought to keep the military's options open despite international opposition to weapons in space.


Defending the party of Davos
2006-03-13, CNN
Posted: 2006-11-11 00:00:00
http://money.cnn.com/2006/03/10/news/international/pluggedin_2_fortune/

I went to hear Jeff Faux talk recently about his new book "The Global Class War," an account of how the corporate elite has been selling out American workers. I don't entirely buy his argument. Faux is founder of the Economic Policy Institute, a Washington think tank...which I think is best described as "gloomy." There is no economic news that the EPI can't find a way to spin negatively. That said, the work the group does is always meticulous and usually thought-provoking. The same can be said of Faux's book. His main point is that there now exists a global "party of Davos" (the Swiss ski resort where politicians, businesspeople, journalists, and scholars gather every January for the annual meeting of the World Economic Forum), whose members have more in common with each other than with the peoples of their home countries. I can testify that there is truth to this. I am a member of the junior auxiliary of the party of Davos. Faux's point is not that people like me are sinister and evil -- there's no Trilateral Commission/Council on Foreign Relations/Bilderberg Group conspiracy nonsense in his book -- just that the interests of corporate America aren't necessarily the same as America's interests. My chief solace is that Faux doesn't seem to have an obviously better alternative. Or maybe that shouldn't be a solace -- because Faux is right that a global economic system designed entirely by corporations, without any democratic input to speak of, isn't what anybody really wants.

Note: This is a heartening article from one who rubs elbows with the power elite. If you don't know about the secret gatherings of the global elite, the BBC and other articles available here are essential reading.


The War Dividend: The British companies making a fortune out of conflict-riven Iraq
2006-03-13, Independent (one of the UK's top newspapers)
Posted: 2006-11-11 00:00:00
http://news.independent.co.uk/world/middle_east/article350959.ece

British businesses have profited by at least Ł1.1bn since coalition forces toppled Saddam Hussein three years ago. The company roll-call of post-war profiteers includes some of the best known names in Britain's boardrooms. The evidence of massive investments and the promise of more multimillion-pound profits to come was discovered in a joint investigation by Corporate Watch, an independent watchdog, and The Independent. The findings show how much is [at] stake if Britain were to withdraw military protection from Iraq. British company involvement at the top of Iraq's new political and economic structures means Iraq will be forced to rely on British business for many years to come. A total of 61 British companies are identified as benefiting from at least Ł1.1bn of contracts and investment in the new Iraq. But that figure is just the tip of the iceberg. It could be as much as five times higher, because many companies prefer to keep their relationship secret. The waters are further muddied by the Government's refusal to release the names of companies it has helped to win contracts in Iraq. The report acknowledges that British business still lags behind the huge profits paid to American companies. In five years, the Ł1.1bn of contracts identified in the report will be dwarfed by what Britain and the US hope to reap from investments. Highly lucrative oil contracts have yet to be handed out.

Note: For more powerful information on war-profiteering revealed by a highly decorated U.S. general see http://www.WantToKnow.info/warisaracket


Donald Rumsfeld makes $5m killing on bird flu drug
2006-03-12, Independent (one of the UK's leading newspapers)
Posted: 2006-11-11 00:00:00
https://www.independent.co.uk/news/world/americas/donald-rumsfeld-makes-5m-ki...

The US Defence Secretary has made more than $5m (Ł2.9m) in capital gains from selling shares in the biotechnology firm that discovered and developed Tamiflu, the drug being bought in massive amounts by Governments to treat a possible human pandemic of the disease. More than 60 countries have so far ordered large stocks of the antiviral medication - the only oral medicine believed to be effective against the deadly H5N1 strain of the disease - to try to protect their people. The United Nations estimates that a pandemic could kill 150 million people worldwide. The drug was developed by a Californian biotech company, Gilead Sciences. Mr Rumsfeld was on the board of Gilead from 1988 to 2001, and was its chairman from 1997. He then left to join the Bush administration, but retained a huge shareholding. The 2005 report showed that, in all, he owned shares worth up to $95.9m, from which he got an income of up to $13m. The firm made a loss in 2003, the year before concern about bird flu started. Then revenues from Tamiflu almost quadrupled, to $44.6m, helping put the company well into the black. Sales almost quadrupled again, to $161.6m last year.

Note: If the above link fails, click here. With both the avian flu and swine flu, top drug companies raked in billions of dollars from sales of medications and vaccines, most of which went unused and have now expired. For many more strange coincidences and facts around the avian and swine flu scares, take a look at our summary of eye-opening news articles available here.


MTV's 'Spiritual Windows' mix faith with rock 'n' roll
2006-03-11, Chicago Sun-Times
Posted: 2006-11-11 00:00:00
http://www.suntimes.com/output/falsani/cst-nws-fals11.html

It was about 10 seconds long and showed gondoliers rowing in the canals of Venice, Italy, while a Latin-sounding man's voice said: "Your heart is where your treasure is, and you must find your treasure in order to make sense of everything." And then more words appeared on the screen: "Everyday grace: MTV." In late January, MTV, the arbiter of all things hip, quietly launched a campaign of 24 of these little films. They call the campaign "Spiritual Windows." "We wanted to create little, short moments, almost breaths of peace, for the channel," Kevin Mackall, the...senior vice president of on-air promos for MTV explained. "There's a genuine appetite for spirituality these days." According to a little-known poll...53 percent of 18-to-29-year-olds said "religion" was "extremely important" or "very important" to their daily lives. Only 14 percent said religion wasn't important to them at all. One spot, with the tag line "Consume mindfully," shows a Tibetan nun hauling two plastic garbage bags to the curb in front of her Buddhist temple. Then there's "Everyone," with a Chinese dragon dancing...accompanied by a voice-over that says, "We need other human beings to be human." And one of the longer spots...shows the sun setting over a pyramid in Egypt as the Brazilian magical realist author Paulo Coelho's voice announces, "The desert will give you an understanding of the world. How do I immerse myself in the desert? Listen to your heart." Mackall...insists the "Spiritual Windows" are no gimmick. "It really, truly is answering a call from our audience," he said. "Hopefully it's a first step into some other content like this."


Forbes reports billionaire boom
2006-03-10, BBC
Posted: 2006-11-11 00:00:00
http://news.bbc.co.uk/2/hi/business/4791848.stm

A worldwide economic boom has yielded a record number of dollar billionaires in the past year, according to Forbes. Their number rose by 15%. Microsoft's Bill Gates tops the list for the 12th year running, with a net worth of $50bn (Ł29bn). The combined net worth of the 793 is $2.6 trillion and US billionaires account for just under half the amount. The figures were conservative estimates for different reasons. While New York has the highest number of resident billionaires with 40, Moscow is second with 25, and London comes third with 23. Steve Forbes, Forbes' chief executive and editor-in-chief, attributed the global rise in the number of billionaires to an economic boom.

Note: Yet a recent New York Times article shows that the income of 90% of citizens is basically stagnant or even decreasing. See http://www.WantToKnow.info/060306newsarticles#1


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.

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