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.
A professor at an Indiana college says he has found film footage showing President Franklin Delano Roosevelt being pushed in his wheelchair, depicting a secret that was hidden from the public until after his death. Ray Begovich, a journalism professor at Franklin College south of Indianapolis, said ... he found the eight-second clip while conducting unrelated research in the National Archives in College Park, Md. Roosevelt contracted polio in 1921 at age 39 and was unable to walk without leg braces or assistance. During his four terms as president, Roosevelt often used a wheelchair in private, but not for public appearances. News photographers cooperated in concealing Roosevelt's disability, and those who did not found their camera views blocked by Secret Service agents. "This raw film clip may be the first motion picture images of the president in his wheelchair, and it was never meant to be shown to the world," Begovich said. The film shows Roosevelt visiting the U.S.S. Baltimore at Pearl Harbor in July 1944. Roosevelt's disability was virtually a state secret during his presidency, which spanned the Great Depression and most of World War II.
Note: To watch this historic video, click here. Isn't it amazing that Roosevelt was U.S. president for 12 years, yet thanks to collusion of the press, his use of a wheelchair and disability was kept a secret from the public the entire time? Politicians know that public perception makes all the difference, so that perception management and manipulation has become a huge industry. For excellent information and resources along these lines, see this link.
Thousands of Guatemalans were intentionally infected with [sexually-transmitted diseases] in the 1940s by US public health researchers. An appeal on their case against the US government was dismissed this week. Thousands of Guatemalans ... were unwittingly subjected to secret human experiments led by US doctors. Nearly three years after beginning the legal battle in US courts, attorneys representing an estimated 5,000 Guatemalan victims used as guinea pigs and infected with sexually transmitted diseases in the 1940s by US public health researchers withdrew their appeal earlier this week. The alleged victims include soldiers, inmates, sex workers, mental health patients, and schoolchildren. Dr. John Cutler ... led the experiments in Guatemala from 1946 to 1948. Under a grant by the National Institute of Health, Dr. Cutler and US researchers gave antibiotic penicillin to test its ability to cure and prevent syphilis. But, his team also infected test subjects without their consent. Some 1,300 were deliberately infected with syphilis and other sexually transmitted diseases. Researchers would expose inmates to infected prostitutes brought into jails. In other cases, they would first infect patients in mental hospitals before testing the effects of the medication. The American team studied and performed experiments on more than 5,000 subjects – including orphans as young as 6 years old.
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
In more than a dozen classified rulings, the nation’s surveillance court has created a secret body of law giving the National Security Agency the power to amass vast collections of data on Americans. The rulings, some nearly 100 pages long, reveal that the court has taken on a much more expansive role by regularly assessing broad constitutional questions and establishing important judicial precedents, with almost no public scrutiny. The 11-member Foreign Intelligence Surveillance Court, known as the FISA court, was once mostly focused on approving case-by-case wiretapping orders. But since major changes in legislation and greater judicial oversight of intelligence operations were instituted six years ago, it has quietly become almost a parallel Supreme Court, serving as the ultimate arbiter on surveillance issues and delivering opinions that will most likely shape intelligence practices for years to come. In one of the court’s most important decisions, the judges have expanded the use in terrorism cases of a legal principle known as the “special needs” doctrine and carved out an exception to the Fourth Amendment’s requirement of a warrant for searches and seizures. Unlike the Supreme Court, the FISA court hears from only one side in the case — the government — and its findings are almost never made public.
Note: For more on government secrecy, see the deeply revealing reports from reliable major media sources available here.
In the era of intense government surveillance and secret court orders, a murky multimillion-dollar market has emerged. Paid for by U.S. tax dollars, but with little public scrutiny, surveillance fees charged in secret by technology and phone companies can vary wildly. AT&T, for example, imposes a $325 "activation fee" for each wiretap and $10 a day to maintain it. Smaller carriers Cricket and U.S. Cellular charge only about $250 per wiretap. But snoop on a Verizon customer? That costs the government $775 for the first month and $500 each month after that. Regardless of price, the surveillance business is growing. The U.S. government long has enjoyed access to phone networks and high-speed Internet traffic under the U.S. Communications Assistance for Law Enforcement Act to catch suspected criminals and terrorists. More recently, the FBI has pushed technology companies like Google and Skype to guarantee access to real-time communications on their services. As the number of law enforcement requests for data grew and carriers upgraded their technology, the cost of accommodating government surveillance requests increased. AT&T, for example, said it devotes roughly 100 employees to review each request and hand over data. Likewise, Verizon said its team of 70 employees works around the clock, seven days a week to handle the quarter-million requests it gets each year.
Note: For more on government and corporate attacks on privacy, see the deeply revealing reports from reliable major media sources available here.
The faces of more than 120 million people are in searchable photo databases that state officials assembled to prevent driver’s-license fraud but that increasingly are used by police to identify suspects, accomplices and even innocent bystanders in a wide range of criminal investigations. The facial databases have grown rapidly in recent years and generally operate with few legal safeguards beyond the requirement that searches are conducted for “law enforcement purposes.” The most widely used systems were honed on the battlefields of Afghanistan and Iraq as soldiers sought to identify insurgents. The increasingly widespread deployment of the technology in the United States has helped police [identify people who] leave behind images on surveillance videos or social-media sites that can be compared against official photo databases. But law enforcement use of such facial searches is blurring the traditional boundaries between criminal and non-criminal databases, putting images of people never arrested in what amount to perpetual digital lineups. Though not yet as reliable as fingerprints, these technologies can help determine identity through individual variations in irises, skin textures, vein patterns, palm prints and a person’s gait while walking. Facial-recognition systems ... can be deployed remotely, without subjects knowing that their faces have been captured.
Note: For deeply revealing reports from reliable major media sources on government assaults on privacy, click here.
A divided Supreme Court ruled [on June 3] that police may take DNA samples when booking those arrested for serious crimes, narrowly upholding a Maryland law and opening the door to more widespread collection of DNA by law enforcement. The court ruled 5 to 4 that government has a legitimate interest in collecting DNA from arrestees ... to establish the identity of the person in custody. Conservative Justice Antonin Scalia ... amplified his displeasure by reading a summary of his dissent from the bench. “The court has cast aside a bedrock rule of our Fourth Amendment law: that the government may not search its citizens for evidence of crime unless there is a reasonable cause to believe that such evidence will be found,” Scalia said from the bench. He added, “Make no mistake about it: As an entirely predictable consequence of today’s decision, your DNA can be taken and entered into a national DNA database if you are ever arrested, rightly or wrongly, and for whatever reason.” Steven R. Shapiro, legal director of the American Civil Liberties Union said the decision “creates a gaping new exception to the Fourth Amendment” and violates a long-established understanding that “police cannot search for evidence of a crime ... without individualized suspicion.”
Note: For deeply revealing reports from reliable major media sources on government assaults on privacy, click here.
On [July 10] the Washington Post published an article by its long-time reporter Walter Pincus. The article concocted a frenzied and inane conspiracy theory: that it was WikiLeaks and Julian Assange, working in secret with myself [Glenn Greenwald] and Laura Poitras, who masterminded the Snowden leaks ahead of time and directed Snowden's behavior. To peddle this tale, Pincus, in lieu of any evidence, spouted all sorts of accusatory innuendo masquerading as questions ... and invoked classic guilt-by association techniques. See the email I sent Pincus for the conclusive evidence of those factual falsehoods and the other distortions peddled by the Post. Apparently, the Washington Post has decided to weigh in on the ongoing debate over "what is journalism?" with this answer: you fill up articles on topics ... with nothing but idle speculation, rank innuendo, and evidence-free accusations, all under the guise of "just asking questions". You then strongly imply that other journalists who have actually broken a big story are involved in a rampant criminal conspiracy. What was far worse was that Pincus' wild conspiracy theorizing was accomplished only by asserting blatant, easily demonstrated falsehoods. The Post allowed the falsehoods to stand uncorrected all day. More than 8 hours after I first publicized his errors - Pincus emailed me back ... and vowed that a correction would be published. 36 hours after the Post published these falsehoods, 24 hours after I publicized them, and 15 hours after the author of this article acknowledged one of those errors and vowed a correction, the Post article still sits on the internet: uncorrected.
Note: For more on mass media corruption, see the deeply revealing reports from reliable major media sources available here.
The use of aspirin and other nonsteroidal anti-inflammatory drugs significantly reduces the risk for cancer, but no one has been able to explain why. Now researchers have found that these drugs slow the accumulation of a type of DNA change called somatic genome abnormalities, or SGAs, that lead to uncontrolled cell growth. The researchers tracked SGAs with periodic biopsies over an average of almost 12 years. Over all, the use of nonsteroidal anti-inflammatory drugs was associated with a 90 percent reduction in the rate of mutations. “We used techniques used to measure mutation rate in viruses like H.I.V. to measure it in humans,” said the senior author, Carlo C. Maley, director of the Center for Evolution and Cancer at the University of California, San Francisco. “We measured whole pieces of chromosomes that are getting deleted or copied.” Apparently aspirin slows that rate of mutation. The study, published last month in the journal PLoS Genetics, is very small, Dr. Maley said, and has yet to be reproduced in a larger population. But since most cancers take decades to develop, he added, “if you could just slow it down, you could slow it enough to have people die of something else.”
Note: For more on potential cancer cures, see the deeply revealing reports from reliable major media sources available here.
[Trevor] Blake grew up in very poor circumstances in Wales and literally and actively thought himself from a young boy with very limited opportunities into a financially independent multi-millionaire. Blake claims that his three small steps—also the title of his book—will make everyone effective in creating the reality he or she wants. Protect your mentality. That’s Blake’s Step No. 1 and his critical contribution to the “create your own reality” movement. “I don’t think it is possible to change your thinking at all,” he says. “That’s why positive thinking doesn’t work. It is impossible to control your thoughts because they happen at the speed of light. But I would say that the one thing you do have control over is how you then react to the thought you just had. You can create in your mind a better set of outcomes; you can imagine something more positive. You do control your response to a negative thought. I changed thoughts of expecting to fail to ones anticipating success. I have repeated that behavior so many times that I now know. I changed my own life pattern the very moment I changed my own thought process. That’s why I wanted to write a book for people who feel trapped in the quicksand. That’s how I felt. And I know this helped me get out. Once you get out, you can do almost anything."
Note: For more on this, see the great video at this link. His second step is to take quiet time, while the third step is to set clear intentions. For a treasure trove of great news articles which will inspire you to make a difference, click here.
Jim Yong Kim [is] the first man from outside the discipline of economics to take the helm at the World Bank. Having just celebrated his first year in charge, the Korean-American medical expert has refocused the world’s premier development bank on ending extreme poverty. The World Bank leader prefers to dwell on the positives. Global poverty, defined by the bank as living on $1.25 or less per day, was halved five years ahead of schedule. The next phase is to lift the remaining 20 per cent of the world’s population out of extreme poverty by 2030. “The efforts to end poverty have been really significant,” says Mr Kim. “They said poverty would always be with us. Well, maybe not.” A proportion of people – he estimates three per cent – will remain below the poverty line due to natural disasters and their related aftermaths, but otherwise “extreme poverty will be gone from the earth”. His appointment to the World Bank last year was not universally welcomed. Many observers resented his imposition by the United States over popular candidates from Africa and Latin America, while others worried that he was not an economist. They pointed to his presence at protests against the World Bank in 1993. Mr Kim now says that it was the lender’s “one size fits all” approach to economies that he objected to. As well as aiming to end poverty, the bank has set itself the task of tracking the progress of the bottom 40 per cent in every country as a means of measuring social mobility and equality.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
Meditation is fast becoming a fashionable tool for improving your mind. With mounting scientific evidence that the practice can enhance creativity, memory and scores on standardized intelligence tests, interest in its practical benefits is growing. [But] gaining competitive advantage [and] increasing creativity in business weren’t of the utmost concern to Buddha and other early meditation teachers. As Buddha himself said, “I teach one thing and one only: that is, suffering and the end of suffering.” The heightened control of the mind that meditation offers was supposed to help its practitioners see the world in a new and more compassionate way. But does meditation work as promised? To put the question to the test, my lab, led in this work by the psychologist Paul Condon, joined with the neuroscientist Gaëlle Desbordes and the Buddhist lama Willa Miller to conduct an experiment whose publication is forthcoming in the journal Psychological Science. The results were striking. Although only 16 percent of the nonmeditators [responded compassionately to the test situation of aiding a distressed person] the proportion rose to 50 percent among those who had meditated. This increase is impressive not solely because it occurred after only eight weeks of meditation, but also because it did so within the context of a situation known to inhibit considerate behavior: witnessing others ignoring a person in distress — what psychologists call the bystander effect — reduces the odds that any single individual will help. Nonetheless, the meditation increased the compassionate response threefold.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
A Vatican cleric, a spy, and a financier are accused of conspiring to smuggle €20 million ($26 million) out of Switzerland aboard a private jet. In fact, it’s the latest scandal to hit the Vatican bank, prompting Pope Francis to make sweeping management changes. The Holy See removed the bank’s longtime director and deputy director on July 1, three days after Monsignor Nunzio Scarano and two other men were arrested in connection with the alleged smuggling scheme. Perhaps the most colorful twist in the saga was the arrest on June 28 of Monsignor Scarano. The 61-year-old cleric, a former banker for Bank of America (BAC) in Italy, joined the priesthood in 1986 and most recently headed a Vatican financial department called APSA. Italian media outlets have dubbed him “Don 500,” because of a reported fondness for carrying large banknotes. John Thavis, a longtime Vatican correspondent for the Catholic News Service, says that while Scarano didn’t work at the Vatican Bank, he had accounts there. His arrest appeared to confirm suspicions that the bank, which oversees about €7.1 billion in assets, “continues to be used as an offshore haven,” Thavis writes. Scarano is accused of conspiring with a member of Italy’s secret services and a financial broker to move €20 million from Switzerland to Italy. The latest scandal indicates that the bank “may be irreformable,” Vatican journalist Thavis writes.
Note: Could Pope Francis be serious in his efforts to reform the corrupt Vatican Bank? For more on financial scandals, see the deeply revealing reports from reliable major media sources available here.
Researchers say they have created a drug that has killed every kind of cancer tumor it has come in contact with, according to Science Magazine. The antibody treatment works by blocking a protein called CD47 which tricks the body into not destroying cancerous cells. After the protein is blocked, the body can then recognize the cancer cells as invaders and attack. While the research is seen as a step closer to discovering a treatment that can cure all cancers, the drug has only been tested on mice and will need to prove itself on humans before it can be available to patients. This may take a few years. The research team has been given the green light and recently received a four-year, $20 million grant to conduct human clinical trials. Research for this new drug started a decade ago when biologist Irving Weissman at Stanford University was studying leukemia cells. He found that that leukemia cells produce higher levels of the CD47 protein than healthy cells. CD47 acts as a "don't-eat-me" signal, instructing the body to not eat harmful cells. Cancers take advantage of this signal to trick the immune system into ignoring them. Weissman's research showed that blocking CD47 can cure more than just blood cancers. The drug can also shrink or cure human breast, ovary, colon, bladder, brain, liver and prostate tumors that have been transplanted into mice. The treatment forced the mice's immune system to kill the cancer cells. This means this single drug could cure a variety of cancers and prevent cancers from spreading in the body.
Note: With many millions around the world dying of cancer every year, why aren't the most promising treatments being fast-tracked? Why is this article titled a "rumor"? Why isn't this making major headlines? Why isn't the very promising treatment of DCA, which is both cheap and incredibly promising, being given many millions to move rapidly forward? To read major media articles describing other potential cures not being adequately funded, click here. To understand why some treatments are suppressed, click here.
It's been revealed that the United States and New Zealand conducted secret tests in the 1940s of a 'tsunami bomb' designed to inundate coastal cities. Thousands of underwater tests were carried out near Auckland during the Second World War and showed such a weapon was feasible. The top-secret operation code-named, ''Project Seal'', was shelved just months before the atomic bomb was used on Japan in 1945. The secret plans have been uncovered during research by a New Zealand author and filmmaker, Ray Waru. EMILY BOURKE: Where were these tests carried out? RAY WARU: They were carried out at one of ... New Zealand's most well-known holiday spots, the Whangaparaoa Peninsula just north of Auckland. Over a period of several months they carried out almost 4,000 test explosions to kind of calibrate the size of the explosions, the number of explosions and the depth of the explosion in the water would need to be in order to create a tsunami effect. EMILY BOURKE: Was there any damage that occurred as a result of the research and those tests? RAY WARU: No. They never actually produced a tidal wave. They decided at the end if there were 2 million kilograms and they were detonated in an array a specific number of kilometres from the shore that they would produce a wave ... about ten or 12 ... metres in height. That would have been enough to wash out a shore installation. EMILY BOURKE: Were these tests carried out at the behest of the United States? Did the United States fund it? RAY WARU: Yes they were [and] they were carried out with the full cooperation of the New Zealand government.
Note: This article was published on the website of Australian Broadcasting Corporation, Australia's equivalent of the BBC. A 1999 article in New Zealand's leading newspaper at this link also discusses this secret tsunami bomb. For a very well researched webpage on HAARP, a secret weapon allegedly used for weather control and much more, click here.
Leslie James Pickering noticed something odd in his mail last September: a handwritten card, apparently delivered by mistake, with instructions for postal workers to pay special attention to the letters and packages sent to his home. “Show all mail to supv” — supervisor — “for copying prior to going out on the street,” read the card. It included Mr. Pickering’s name, address and the type of mail that needed to be monitored. The word “confidential” was highlighted in green. “It was a bit of a shock to see it,” said Mr. Pickering, who with his wife owns a small bookstore in Buffalo. More than a decade ago, he was a spokesman for the Earth Liberation Front, a radical environmental group labeled eco-terrorists by the Federal Bureau of Investigation. As the world focuses on the high-tech spying of the National Security Agency, the misplaced card offers a rare glimpse inside the seemingly low-tech but prevalent snooping of the United States Postal Service. Mr. Pickering was targeted by a longtime surveillance system called mail covers, a forerunner of a vastly more expansive effort, the Mail Isolation Control and Tracking program, in which Postal Service computers photograph the exterior of every piece of paper mail that is processed in the United States — about 160 billion pieces last year. It is not known how long the government saves the images. The Mail Isolation Control and Tracking program was created after the anthrax attacks in late 2001. It enables the Postal Service to retrace the path of mail at the request of law enforcement. No one disputes that it is sweeping.
Note: The exposure by whistleblower Edward Snowden of the NSA's massive domestic and global spying operations seems to have triggered a series of other revelations about surveillance of the US population, like this report on the US Postal Service's photographing all mail. Hardly a week goes by without another major revelation, such as a new digital photo-ID database utilized by the FBI and police forces, and the development by US police of a national DNA database on all "potential suspects". Since very few US citizens are terrorists, what is the real purpose behind this total surveillance?
The peculiar circumstances of journalist Michael Hastings' death in Los Angeles last week have unleashed a wave of conspiracy theories. Now there's another theory to contribute to the paranoia: According to a prominent security analyst, technology exists that could [have] allowed someone to hack his car. Former U.S. National Coordinator for Security, Infrastructure Protection, and Counter-terrorism Richard Clarke [said] that what is known about the single-vehicle crash is "consistent with a car cyber attack." Clarke said, "There is reason to believe that intelligence agencies for major powers" -- including the United States -- know how to remotely seize control of a car. "It's relatively easy to hack your way into the control system of a car, and to do such things as cause acceleration when the driver doesn't want acceleration, to throw on the brakes when the driver doesn't want the brakes on, to launch an air bag," Clarke told The Huffington Post. Hastings was driving a 2013 Mercedes C250 coupe when he crashed into a tree on Highland Ave. in Los Angeles at approximately 4:30 am on June 18. Video posted online showed the car in flames, and one neighbor told a local news crew she heard a sound like an explosion. Another eyewitness said the car's engine had been thrown 50 to 60 yards from the car. There were no other vehicles involved in the accident. The fire was so all-consuming that it took the Los Angeles County coroner's office two days to identify Hastings' body, but Clarke said a cyber attack on the vehicle would have been nearly impossible to trace "even if the dozen or so computers on board hadn't melted."
Note: For a video of a DARPA specialist talking about how any computerized function of a car can be taken over, click here. This news article shows how a university test proved a car's onboard computer can be hacked. For an excellent video presenting powerful evidence that Hastings' death was anything but suicide, click here. For a Fox News video showing other evidence of premeditated murder, click here. In this video, a good friend states he had just received an email from Hastings that he had a story on the CIA that would be the biggest story yet. A later email then said he was worried as he was now under FBI investigation.
Have you noticed anything missing in the political discourse about the National Security Administration's unprecedented mass surveillance? There's at least been some conversation about the intelligence community's potential criminality and constitutional violations. But there have only been veiled references to how cash undoubtedly tilts the debate against those who challenge the national security state. Those indirect references have come in stories about Booz Allen Hamilton, the security contractor that employed Edward Snowden. CNN/Money notes that 99 percent of the firm's multibillion-dollar annual revenues now come from the federal government. Those revenues are part of a larger and growing economic sector within the military-industrial complex - a sector that, according to author Tim Shorrock, is "a $56 billion-a-year industry." Yet few in the Washington press corps mention that politicians' attacks on surveillance critics may have nothing to do with principle and everything to do with shilling for campaign donors. For a taste of what that kind of institutionalized corruption looks like, peruse the Influence Explorer site to see how much Booz Allen Hamilton and its parent company, the Carlyle Group, spend. As you'll see, from Barack Obama to John McCain, many of the politicians publicly defending the surveillance state have taken huge sums of money from the firms. Simply put, there are corporate forces with a vested financial interest in making sure the debate over security is tilted toward the surveillance state and against critics of that surveillance state.
Note: Tim Shorrock, quoted above, is the author of Spies for Hire: The Secret World of Intelligence Outsourcing.
The modern American surveillance state is not really the stuff of paranoid fantasies; it has arrived. The revelations about the National Security Agency’s PRISM data collection program have raised awareness ... about the reach and power of secret intelligence gatherers operating behind the facades of government and business. But those revelations ... have been partial — they primarily focus on one government agency and on the surveillance end of intelligence work, purportedly done in the interest of national security. What has received less attention is the fact that most intelligence work today is not carried out by government agencies but by private intelligence firms and that much of that work involves another common aspect of intelligence work: deception. That is, it is involved not just with the concealment of reality, but with the manufacture of it. Important insight into the world [of] these companies came from a 2010 hack by a group best known as LulzSec ... which targeted the private intelligence firm HBGary Federal. That hack yielded 75,000 e-mails. Team Themis (a group that included HBGary and the private intelligence and security firms Palantir Technologies, Berico Technologies and Endgame Systems) was effectively brought in to find a way to undermine the credibility of WikiLeaks and the journalist Glenn Greenwald (who recently broke the story of Edward Snowden’s leak of the N.S.A.’s Prism program), because of Greenwald’s support for WikiLeaks. The plan called for actions to “sabotage or discredit the opposing organization” including a plan to submit fake documents and then call out the error.
Note: For more on the games intelligence agencies play, see the deeply revealing reports from reliable major media sources available here.
South America's leftist leaders rallied to support Bolivian President Evo Morales after his plane was rerouted amid suspicions that NSA leaker Edward Snowden was on board and they demanded an apology from France, Italy, Portugal and Spain. The presidents of Argentina, Ecuador, Suriname, Venezuela and Uruguay joined Morales in the Bolivian city of Cochabamba ... to denounce the treatment of Morales, who warned that he would close the U.S. Embassy in Bolivia if necessary. Morales again blamed Washington for pressuring European countries to refuse to allow his plane to fly through their airspace on Tuesday, forcing it to land in Vienna, Austria, in what he called a violation of international law. He had been returning from a summit in Russia during which he had suggested he would be willing to consider a request from Snowden for asylum. Spanish Foreign Minister Jose Manuel Garcia-Margallo said Friday that his nation and other European countries were told Snowden was aboard the Bolivian presidential plane. He did not say who supplied the information and declined to say whether he had been in contact with the United States. Ecuadorean President Rafael Correa said that he and other leaders were offering full support to Morales following the rerouting of the plane, calling it an aggression against the Americas. Venezuelan President Nicolas Maduro protested alleged attempts by Spanish officials to search the Bolivian presidential plane and accused the CIA of encouraging several European countries to deny the presidential plane their airspace.
Note: The subservience of European governments to the US attempt to apprehend Snowden by forcing Pres. Morales' plane down is logical given the recent revelations that they are also engaging in total surveillance of their own populations. For information on this click here (France), here (the UK), and here (Germany).
Senior employees at U.K. banks may face a 10-year wait for bonuses under proposals put forward by a committee investigating the failures of the industry, which also recommended making “reckless” management of lenders a crime. The Parliamentary Commission on Banking Standards' ... proposal to introduce a criminal offence for mismanagement, which could see executives of failed firms facing jail time, was endorsed by Prime Minister David Cameron. “The potential rewards for fleeting short-term success have sometimes been huge, but the penalties for failure, often manifest only later, have been much smaller or negligible,” the authors of the report said. "Performance should be assessed using a range of measures rather than just return on equity, which creates “perverse incentives,” the committee said. "Taxpayers have bailed out the banks. The public have the sense that advantage has been taken of them, that bankers have received huge rewards, that some of those rewards have not been properly earned, and in some cases have been obtained through dishonesty, and that these huge rewards are excessive, bearing little or no relationship to the value of the work done.” The committee recommended introducing an offence for “reckless misconduct” and potential prison time for bankers found responsible for the worst mismanagement, the first such sanctions."
Note: For a related article in the London Review of Books, which starts "the blame in Spain falls mainly on the banks – as it does in Ireland, in Greece, in the US, and pretty much everywhere else too," click here. For more on financial corruption, see the deeply revealing reports from reliable major media sources available 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.