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.
Imagine the dilemma of having so much cash in your bank account that you didn't know what to do with it. This pipe dream for the average American is now reality for the country's biggest corporations. The industrial companies that make up the Standard & Poor's 500 index...have a staggering $643 billion in cash and equivalents. "We're in a time that is out of whack with all historical numbers," said Howard Silverblatt, equity market analyst at Standard & Poor's. "People are demanding why corporations need so much cash, what are they going to do with it?" Companies began propping up their reserves through 16 straight quarters of double-digit profit growth. Leading the pack with the most cash is Exxon Mobil Corp., which has about $36.55 billion on its balance sheet. That amount is nearly equal to its 2005 profit of $36.13 billion, the highest ever for a U.S. company. Some results of the cash riches: An unprecedented $500 billion of stock buybacks. Last year, ExxonMobil spent $18.2 billion buying its shares. One of the biggest avenues in which companies have spent this excess money has been through mergers and acquisitions. Some 75.4 percent of all deals under $1 billion so far this year were done purely with cash.
Note: A Google search reveals that though this Associated Press article was widely picked up by medium-sized newspapers in the U.S., none of the top 10 papers picked it up. The Seattle newspaper above also removed the word "huge" from the title after it was published. $36 billion means that more than $100 for every man, woman, and child in the U.S. went into ExxonMobil profits last year, and another $100 for each person went into their cash reserves. If ExxonMobil and other oil companies have so much extra cash, why are gas prices so high? It's also quite interesting that the advertisements of these mega-corporations continually invite us to go into debt buying their products, while their profits and cash reserves grow ever higher.
More than 40 percent of Americans believe that the 9/11 Commission Report that investigated the Sept. 11, 2001, terrorist attacks is a cover-up, according to a recent poll. And nearly half surveyed said the attacks should be reinvestigated. In May, a Zogby International poll of adults found that 42 percent of adults polled believe the U.S. government and the 9/11 Commission "concealed or refused to investigate critical evidence" that contradicts the official explanation of the attacks. The Zogby poll was sponsored by a leading activist group, 911 Truth.org, which is highly skeptical of the official report published in July 2004. "With half the country believing as we do, (the poll) is some form of vindication," said Jonathan Gold, a former member of 911 Truth's steering committee. Gold, who lives in Plymouth Meeting, complained that major media has ignored the truth movement. "The media is not covering that fact that 45 percent of voting Americans believe we should have another investigation," he said. "It deserves attention."
Note: Small newspapers like this are rarely included in these summaries, but as only the Washington Post and Yahoo! News covered this key poll, this article is included here. Though the Yahoo! article was balanced, the Post article claimed that the poll (done by one of the most respected polling agencies in the world) was complete bunk. The Times Herald actually ran this on their front page! For lots more, see http://www.wantToKnow.info/911information
The planned detonation of 700 tons of conventional explosives in the Nevada desert next month was postponed indefinitely Friday because of fears over the possible spread of radiation. The detonation site for the blast, known as "Divine Strake," is at the Nevada Test Site, which is 65 miles northwest of Las Vegas. The plan was to detonate 1.4 million pounds of fuel oil and fertilizer -- 280 times the amount used in the 1995 Oklahoma City bombing. The prospect has drawn critics, who say the explosion could kick radiation-laced soil into the air, and conspiracists, who say the blast is a front for testing new nuclear weapons.
Note: Many thanks to all of you who emailed expressing concern about Divine Strake and were part of the movement to have this test stopped. Together, we make a difference!
A working paper by John Mearsheimer, professor of political science at the University of Chicago, and Stephen Walt, professor of international affairs at the Kennedy School of Government at Harvard, called "The Israel Lobby" was printed in the London Review of Books...and all hell broke loose. For having the sheer effrontery to point out the painfully obvious -- that there is an Israel lobby in the United States -- Mearsheimer and Walt have been accused of being anti-Semitic, nutty and guilty of "kooky academic work." Of course there is an Israeli lobby in America. The American Israel Public Affairs Committee (AIPAC)...calls itself "America's Pro-Israel Lobby." In the United States, we do not have...full-throttle debate about Israel. Jews who criticize Israel are charmingly labeled "self-hating Jews." As I have often pointed out, that must mean there are a lot of self-hating Israelis, because those folks raise hell over their own government's policies all the time. It's...the vehemence of the attacks on anyone perceived as criticizing Israel that makes them so odious. Israel is the No. 1 recipient of American foreign aid, and it seems an easy case can be made that the United States has subjugated its own interests to those of Israel. Whether you agree or not, it is a discussion well worth having and one that should not be shut down before it can start by unfair accusations of "anti-Semitism."
Note In this article, Molly Ivans acknowledges that she is a pro-Israel Jew who believes we need to talk about the powerful influence of the Jewish lobby on American government. For information on how Harvard distanced itself from the above paper: http://www.nysun.com/article/29638. For the mixed reaction to this academic paper in Israel: http://www.csmonitor.com/2006/0324/dailyUpdate.html
SECRETARY RICE: Thank you very much. It is a pleasure to be here to swear in Dr. Gregg Rickman as our Special Envoy for Monitoring and Combating Anti-Semitism. Greg is going to serve as our first Anti-Semitism Special Envoy and this is a position that was created by the Global Anti-Semitism Review Act. I want to recognize the seminal role of Congress in creating this position. President Bush has said that defending freedom also means disrupting the evil of anti-Semitism. Today ethnic and religious differences are still viewed by some as a license to kill. And we are reminded of the sad history of humankind when prejudice and hatred turn violent against those who are simply different.
Note: Why not have a special envoy for monitoring and combating racism and prejudice?
Drug companies fund a growing number of the studies in leading psychiatric journals, and drugs fare much better in these company-funded studies than in trials done independently or by competitors, researchers reported Wednesday. About 57% of published studies were paid for by drug companies in 2002, compared with 25% in 1992, says psychiatrist Igor Galynker of Beth Israel Medical Center in New York City. His team looked at clinical research in four influential journals: American Journal of Psychiatry, Archives of General Psychiatry, Journal of Clinical Psychiatry and Journal of Clinical Psychopharmacology. In the report, released at the American Psychiatric Association meeting in Toronto, reviewers did not know who paid for the studies they evaluated, Galynker says. There were favorable outcomes for a medication in about: eight out of 10 studies paid for by the company that makes the drug; five out of 10 studies done with no industry support; three out of 10 studies done by competitors of the firm making the drug. As drug companies increasingly fund research that yields favorable outcomes for their drugs, there may be a built-in bias because journals are reluctant to publish studies with negative or inconclusive findings.
Note: To learn more about the astonishing profits and power of the major drug companies, read our concise summary of a major insider's research at http://www.WantToKnow.info/healthcoverup
It's a quiet mountain community, but some residents claim something's happening in the sky that's making them sick. Mystery clouds and unusual contrails ... Is it a weather experiment on a massive scale? In a Channel 4 News investigation, Paul Moyer looks into why some say the government is manipulating the weather. Watch: Video Report. References: U.S. Senate Committee testimony on Weather Modification, Owning the Weather in 2025 (U.S. Airforce), California Skywatch (Rosalind Peterson), Alpenhorn News Stories.
Note: In certain circles, the phenomenon of chemtrails is hotly debated. Very rarely does it make the news. The fact that NBC in LA is reporting on this is big. Don't miss the video news report available free online at: http://www.nbc4.tv/video/9265818/detail.html.
JOURNALISTS. Our attorney general is coming for us. On Sunday, Alberto Gonzales told ABC's "This Week" that he would consider prosecuting reporters who get their hands on classified information and break news about President Bush's terrorist surveillance program. "There are some statutes on the book which, if you read the language carefully, would seem to indicate that that is a possibility. We have an obligation to enforce those laws." Asked...if The New York Times should be prosecuted for its initial story on government surveillance without warrants, Gonzales said, "We are engaged now in an investigation about what would be the appropriate course of action." This is the same administration that...has already set the presidential record in claiming the authority to circumvent the law in more than 750 cases. Gonzales...issued the infamous "torture memo" that advised President Bush to throw the Geneva Convention into the trash can for detainees in the war on terror. Gonzales...helped the administration block and drag its feet on the release of presidential papers from Ronald Reagan and George H.W. Bush. Gonzales helped to withhold or delay highly classified documents from the president's own 9/11 Commission and from...the energy task force of Vice President Dick Cheney. The actions of Gonzales show how little the Bush administration promotes the rights of the press. With every pronouncement, freedom is disappearing, in incremental steps.
Fannie Mae, the mortgage giant accused of inflating its earnings while rewarding executives with rich bonuses, reached an agreement with the federal government today to pay a $400 million fine. Accusing former Fannie Mae executives of operating an "arrogant and unethical" corporate culture, federal regulators condemned the company in a report today that detailed a pattern of systematic financial manipulation at the company's highest levels. "Senior management manipulated accounting; reaped maximum, undeserved bonuses; and prevented the rest of the world from knowing." Fannie Mae's financial results during that time were "illusions deliberately and systematically created by senior management. Senior executives worked strenuously to hide Fannie Mae's operational deficiencies, significant risk exposures, and improper earnings management" the report said. As part of the settlement, Fannie Mae neither admitted nor denied wrongdoing. Because of Fannie Mae's sheer size and reach into the American economy, however, there are limits to how much the company's clout could be curtailed, [said] Jonathan Koppell, a professor of politics and management at Yale. "Their business reaches into every Congressional district," he said. Fannie Mae's $400 million settlement is more than three and a half times the fine Freddie Mac, its smaller rival in the mortgage business, paid in 2003.
Note: Catherine Austin Fitts served as an assistant secretary of HUD in the first Bush Administration. As a woman of high integrity, she tried to blow the whistle on the major shady dealings at Fannie Mae and HUD, and suffered for it. She now manages a highly inspiring organization dedicated to powerful, positive economic and social change. I highly recommend exploring her Solari website at http://www.solari.com
Manuel Salinas, a 39-year-old inventor, claims he has built a machine that has extraordinary capabilities for finding buried objects. And now that university lab tests seem to confirm that his robot works, mining and oil corporations are flooding him with business plans. How this machine functions is still an "industrial secret," Salinas said. But ask him for proof that it works and he'll hand you a pile of press clippings on the device, called Geo-Radar or Arturito (a play on the name of Star Wars robot R2-D2). In September 2005 Salinas announced that he had found gold and buried treasure on the Juan Fern˙ndez Islands...off the coast of Chile. Recently, Salinas asked a Chilean university to study the machine and put the questions surrounding it to rest. In early May the results came in, and the Geo-Radar jumped back into local headlines. University investigators announced laboratory and field tests indicating that the Geo-Radar technology is capable of quickly finding copper deposits, petroleum, and gold bullion at depths of up to 600 feet (283 meters). "This reduces the time of exploration from three months to one day," said engineering professor Ricardo Neira Navarro at a press conference in Santiago, the national capital. "I built this machine to find buried antipersonnel mines," explained Salinas. When he finished building the machine in 2004 and ran field tests, Salinas says, the machine surprised him with its abilities to find water, petroleum, and buried metals.
A new Zogby poll reveals that less than half of the American public trusts the official 9/11 story or believes the attacks were adequately investigated. The poll is the first scientific survey of Americans' belief in a 9/11 cover up. Poll results indicate 42% believe there has indeed been a cover up. 45% think "Congress or an International Tribunal should re-investigate the attacks, including whether any US government officials consciously allowed or helped facilitate their success." According to Janice Matthews, executive director of 911truth.org, "These results are both heartening and frankly quite amazing, given the mainstream media's ongoing refusal to cover the most critical questions of that day. The collapse of WTC 7...was not even mentioned by the 9/11 Commission and has seldom been reported in the media. [The poll showed that] only 52% had known about it, but over 70% of this group believe it should have been investigated. 911truth.org is a coalition of researchers, journalists and victim family members working to expose and answer the hundreds of still unresolved questions concerning 9/11, especially the nearly 400 questions that the Family Steering Committee filed with the 9/11 Commission. Initially welcomed by the commissioners as their "road map"...the Commission ultimately ignored 80% of these issues. The victim families' most incisive questions remain unaddressed to this day.
Note: Zogby is a higly respected polling agency used by many major media organizations. Why did the media largely ignore the results of this astounding poll? A previous Zogby poll showed that half of New Yorkers believe US leaders had foreknowledge of the impending 9-11 attacks and 'consciously failed' to act. The highly revealing 9/11 documentary "Loose Change" has at times been ranked the #1 most popular of the many thousands of videos available on Google. In spite of the virtual media blackout, an ever increasing number of people are willing to ask the hard questions.
The League of Women Voters has been signing up voters ever since women won the right to vote in 1920. But now, for the first time in the League's storied history, a branch of the organization has shut down its operations to protest a new Florida law that the League claims will have a chilling effect on voter registration -- in a state that already has one of the nation's most notoriously dysfunctional election systems. The League's Florida branch acknowledged that it had recently ceased efforts to register voters because of what it calls the law's draconian fines against organizations (other than political parties) for submitting forms late. The League of Women Voters of Florida joined several other pubic interest and labor groups, including the Florida AFL-CIO, in challenging the constitutionality of the law, which went into effect Jan. 1. They are asking the U.S. District Court to immediately suspend the fines -- which the groups say could bankrupt their voter registration budgets. The challenged law imposes civil fines of $250 for each voter registration application submitted more than 10 days after it is collected, $500 for each application submitted after any voter registration deadline, and $5,000 for each application [not] submitted. Plaintiffs are strictly liable for these fines, even if their inability to meet the statutory deadlines results from events beyond their control, such as the destruction of applications in a hurricane."
Note: For more on serious risk of election fraud, see http://www.WantToKnow.info/electionsinformation and see this week's Newsweek article "Will Your Vote Count in 2006?"
The release of new video pictures of the Pentagon being attacked on 9/11 will not quell the endless claims in the world of conspiracy theorists that a missile or military aircraft hit the building instead. If you look closely, you do see what could be a plane, flying very low and then hitting the building, causing a huge fireball. It is consistent with the official account. However, the new frames do not absolutely without doubt show that this was American Airlines 77 in its final moments, so hope will spring eternal for the conspiracists that they have not been knocked out. To understand the conspiracy theory, it is worth considering a film called "Loose Change: 2nd edition". Available on the internet, it reveals the full alternative version of what happened to the Pentagon in all its glory. It states AA 77 did not crash into the building. And if there was no AA 77, it must have been a missile, a military aircraft or a drone that did it. The alleged pilot Hani Hanjour was not skilled enough to execute the manoeuvre and the plane would have stalled in the tight turn alleged. The film is quite professionally done on a technical level, with sinister music and fast cutting. It is proving popular on the internet in reinforcing beliefs that 9/11 might not have been all it seems.
Note: Thank you BBC for having the courage to recommend this amazing 9/11 documentary! To see an engaging, recent BBC News video clip on 9/11 conspiracies in which they also mention the powerful five-minute video "Pentagon Strike" and the longer video "In Plane Site" (which has its weaknesses), click here. And why won't the government release several other videotapes of the alleged plane hitting the Pentagon on 9/11?
The [9/11] commission's conclusions and recommendations should be totally rejected. Its story is full of lies, distortions and omissions of fact. Following are two of the more than 40 reasons why the official story about what happened on 9/11 is untrue. First, who were the hijackers? None of those named appear on any of the passenger lists released by the airlines. Six of the men named by the government are still alive. We know that because European media have interviewed them. In his book, "The 9/11 Commission Report: Omissions and Distortions," Dr. David Ray Griffin documents all that and concludes the whole report is one long lie. Second, in the months after 9/11 all of the surviving New York City Fire Department personnel who were on the scene were interviewed. Those oral histories were recorded and withheld from the public until Aug. 15, 2005. Only after losing in court three times did the city of New York finally release them. All 503 are now posted on The New York Times Web site. Why did the city fight so hard to keep them from the public? It turns out those oral histories reveal details about what was happening in the World Trade Center buildings that are completely inconsistent with the tale told by the commission. Dozens of firefighters and medics reported hearing, seeing and feeling explosives going off in the buildings that collapsed. Why were there explosives, very powerful explosives by all accounts, going off in the buildings? The report seems to be an obvious cover-up. The question that we all need to ask is: What is the commission covering up? Was 9/11, in fact, an inside job?
MI5 is being accused of a cover-up for failing to disclose to a parliamentary watchdog that it bugged the leader of the July 7 suicide bombers discussing the building of a bomb months before the London attacks. MI5 had secret tape recordings of Mohammad Sidique Khan, the gang leader, talking about how to build the device and then leave the country because there would be a lot of police activity. However, despite the recordings, MI5 allowed him to escape the net. Transcripts of the tapes were never shown to the parliamentary intelligence and security committee (ISC), which investigated the attacks. The new evidence shows MI5 monitored Khan when he met suspects allegedly planning another, separate attack; that he had knowledge of the "late-stage discussions" of this plot; and that he was recorded having discussions with them about making a bomb and leaving the country. The disclosures will increase pressure for a public inquiry into the atrocity, with greater powers to demand evidence and interrogate witnesses.
With primary election dates fast approaching in many states, officials in Pennsylvania and California issued urgent directives in recent days about a potential security risk in their Diebold Election Systems touch-screen voting machines, while other states with similar equipment hurried to assess the seriousness of the problem. "It's the most severe security flaw ever discovered in a voting system," said Michael I. Shamos, a professor of computer science at Carnegie Mellon University. "This is the barn door being wide open," said Douglas W. Jones, a professor of computer science at the University of Iowa. The new concerns about Diebold's equipment were discovered by Harri Hursti, a Finnish computer expert who was working at the request of Black Box Voting. As word of Mr. Hursti's findings spread, Diebold issued a warning to recipients of thousands of its machines, saying that it had found a "theoretical security vulnerability" that "could potentially allow unauthorized software to be loaded onto the system." Aviel Rubin, a professor of computer science at Johns Hopkins University, did the first in-depth analysis of the security flaws in the source code for Diebold touch-screen machines in 2003. After studying the latest problem, he said: "I almost had a heart attack. The implications of this are pretty astounding."
Note: For a recent Wall Street Journal article with more serious concerns, click here. No mention is made that these same problems existed in all recent elections using these machines. For key articles from other major media showing a major problem with electronic machines, click here.
The home and office of Kyle Foggo, who stepped down on Monday as the Central Intelligence Agency's No. 3 official, were searched today. Mr. Foggo resigned after becoming entangled in a widening investigation that has already brought down former Representative Randy Cunningham. Mr. Foggo's workplace in Langley, Va., and his residence in Virginia were searched this morning by agents of the Federal Bureau of Investigation and the C.I.A. inspector general's office. April Langwell, a spokeswoman for the F.B.I.'s San Diego office, said Mr. Foggo had been under investigation by the Internal Revenue Service and the Defense Criminal Investigative Service of the Defense Department's inspector general's office, as well as by the C.I.A.'s inspector general and the F.B.I. The inquiry by the C.I.A.'s inspector is examining whether he improperly awarded agency contracts to a longtime friend, Brent R. Wilkes, a military contractor whose companies have received nearly $100 million in government contracts over the years. Mr. Foggo, 51, has admitted attending poker parties throughout the 1990's that Mr. Wilkes held in a suite at the Watergate Hotel in Washington. The parties were primarily attended by C.I.A. officials and congressmen, and Mr. Cunningham, a California Republican, occasionally attended. Several news media accounts have reported that prostitutes frequented the parties.
Note: This article has huge significance. Until just a few years ago, there was a virtual blackout in the media on any negative coverage of the CIA. The fact that the Feds raided the home of the #3 man in the CIA and it was reported in top newspapers is an external manifestation of huge shake-ups going on behind the scenes. Buzzy Krongard, the previous #3 at the CIA has been linked to the millions of dollars in suspicious stock option trades made just prior to 9/11 that were never claimed, though this received little media coverage.
Is there a case for conspiracy theories about 9/11 and the Iraq war? About 10 minutes into the ultra-low-budget documentary 'Loose Change,' now making its way around the Internet, that late, great genius of addled truth-telling, Hunter S. Thompson, is heard giving his gonzo opinion of the way the American press behaved after 9/11. "Well, let's see, 'shamefully' is the word that comes to mind," he says. The kernel of truth in all the conspiracy theories is that the Bush administration's biggest supporters and closest political allies have benefited mightily from its policy of open-ended war. Halliburton, Vice President Dick Cheney's old company -- which is all about both oil and defense -- has seen its stock rise from about $12 a share to about $80 a share under this administration. ExxonMobil, which has contributed mightily to the Republican Party, has seen its stock soar from about $32 to $64 since Bush took office. Share prices in both companies, and in their industries, were plunging before the Bush administration came to office in early 2001. 'Loose Change' doesn't present a plausible case for conspiracy, only a collection of innuendoes. But the invasion of Iraq, well, that's a rather different matter. As a whole raft of books by former members of the administration, Bush admirers and outside analysts have established over the last couple of years, the president and vice president were hell-bent on toppling Saddam Hussein even before September 2001.
Note: Though the author belittles 'Loose Change,' he also makes some great points and alerts people to the fact that this free documentary has gained wide popularity.
The Defense Department's accounting practices are in such disarray that defense officials can't track how much equipment the military owns, where it all is or exactly how they spend defense dollars every year. The report by Business Leaders for Sensible Priorities called the Pentagon's financial-management practices an embarrassment. "Today, if the Defense Department were a private business it would be involved in a major scandal," said Kwai Chan, a former top official with the Government Accountability Office and the report's author. The nonpartisan group, made up of more than 600 current and retired business executives from U.S. companies, thinks that federal spending priorities are undermining national security. A report this year from the White House's Office of Management and Budget found that 20 out of 23 defense programs that auditors looked at...didn't use strong financial-management practices. In reports to Congress in recent years, the GAO found $100 million that could be collected annually from defense contractors who underpaid federal taxes. The federal government had collected less than 1 percent of that. $1.2 billion in Army supplies shipped to Iraq [also] couldn't be accounted for. As a result, military units ended up short on "tires, tank tracks, helicopter spare parts, radio batteries and other basic items." The Defense Department's Office of the Inspector General has pronounced the department "un-auditable."
Note: The article failed to mention Rumsfeld's own admission "According to some estimates we cannot track $2.3 trillion in transactions," as reported on CBS. The CBS article goes on to state that "[the Pentagon's] own auditors admit the military cannot account for 25 percent of what it spends." See this highly underreported article at http://www.cbsnews.com/stories/2002/01/29/eveningnews/main325985.shtml
Some advocates of a 2002 law mandating upgrades of the nation's voting machinery now worry the overhaul is making things worse. Proponents of the Help America Vote Act are filing lawsuits to block some state and election officials' efforts to comply with the act. The Help America Vote Act called for upgrading election equipment to guard against another contested outcome such as the 2000 presidential vote. At the time, the electronic voting machines were seen as a reliable contrast to the older technology. The lawsuits—nine so far—coincide with a stampede by state and county officials to spend $3 billion allocated by Congress to help pay for upgrades. To comply with the Help America Vote Act, a number of states and dozens of counties purchased touch-screen voting machines. The 2004 presidential campaign and some early primary elections this year have provided evidence that the machines don't always work smoothly. And several states, after experiencing problems with touch-screen electronic systems, abandoned them to return to optically scanned paper ballots, already commonly used for absentee balloting. Typically, paper ballots require a voter to use a pencil to fill in a circle. The system is less costly to buy and maintain, and provides a paper record of ballots that can be reviewed in close or disputed elections. In Indiana, an ES&S employee alerted local-election officials that another ES&S worker had installed unauthorized software on the machines before the election. That and other disputes led to a multimillion-dollar settlement.
Note: See our new elections cover-up summary at http://www.WantToKnow.info/electionsmanipulations
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.