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.
In March, the head of the Centers for Disease Control issued an alarm, echoed by virtually every health authority in the world, that antibiotic-resistant bacteria threaten to return humans to the days when ordinary infections routinely killed and maimed. Yet the United States continues to use at least 70 percent of its antibiotics on livestock. Millions of pounds of antibiotics are routinely administered at low doses to large numbers of animals living in crowded conditions ... to speed their growth and prevent possible infections, creating ideal conditions for bacteria to become resistant. At the same time, drug-resistant infections acquired in hospitals kill 70,000 people a year. The problem is so dire that the Obama administration is paying drug companies to develop new antibiotics, and some groups want to test them directly on sick people to speed approval. While many physicians try to limit antibiotic use on sick patients to slow the spread of resistance, livestock growers can buy antibiotics over the counter at a feed store. "Many hospitals have implemented antimicrobial stewardship programs, in which every milligram of antibiotic use is scrutinized," said Dr. Tom Newman, a professor of epidemiology and biostatistics at UCSF. About once a month, Brad Spellberg, an infectious disease researcher at Harbor-UCLA Medical Center, said he sees patients with abdominal or urinary tract E. coli infections that resist all oral antibiotics. Doctors are down to "one or two last-ditch IVs," or intravenous administration of antibiotics against some bacteria.
Note: For more on important health issues, see the deeply revealing reports from reliable major media sources available here.
Peter Doshi ... is one of the most influential voices in medical research today. Dr. Doshi’s renown comes not from solving the puzzles of cancer or discovering the next blockbuster drug, but from pushing the world’s biggest pharmaceutical companies to open their records to outsiders. Together with a band of far-flung researchers and activists, he is trying to unearth data from clinical trials — complex studies that last for years and often involve thousands of patients across many countries — and make it public. The current system, the activists say, is one in which the meager details of clinical trials published in medical journals, often by authors with financial ties to the companies whose drugs they are writing about, is insufficient to the point of being misleading. For years, researchers have talked about the problem of publication bias, or selectively publishing results of trials. Concern about such bias gathered force in the 1990s and early 2000s, when researchers documented how, time and again, positive results were published while negative ones were not. Taken together, studies have shown that results of only about half of clinical trials make their way into medical journals. In 2009, Dr. Doshi and his colleagues set out to answer a simple question about the anti-flu drug Tamiflu: Does it work? Resolving that question has been far harder than they ever envisioned, and, four years later, there is still no definitive answer.
Note: If the public is going to be taking these drugs, shouldn't all safety studies be publicly available? What are the drug companies hiding? For more on corruption in the pharmaceutical industry, see the deeply revealing reports from reliable major media sources available here.
Live streaming of child sex abuse via webcams is an emerging threat, experts have warned, amid a doubling of reported indecent images. The Child Exploitation and Online Protection Centre said children were being "abused to order". Offenders targeted vulnerable families overseas, paying them to facilitate child abuse, according to its report. CEOP said those carrying out abuse used a "hidden internet" to disguise their identity and avoid detection. The child protection body - part of Home Office's Serious Organised Crime Agency - said it received 8,000 reports of indecent images of children being shared last year. It said live streaming emerged in 2012 as a means of producing and distributing images. "We're seeing cases where they're effectively being abused to order for paying customers," chief executive Peter Davies told the BBC. He said some of those exploiting children via the internet were in the UK. An estimated 50,000 UK web users are involved in distributing abuse images. Children were forced to engage in sexual activity on live webcams in exchange for payment to the family or organised crime gangs. Tech-savvy paedophiles have turned to networks specifically designed to conceal the identity and location of their users. Using a variety of technological tricks, so-called "dark nets" - Tor, I2P, Freenet and many others - hide the giveaway identifiers while allowing people to go on using the web.
Note: For more on sexual abuse scandals, see the deeply revealing reports from reliable major media sources available here.
Files released by the Roman Catholic Archdiocese of Milwaukee ... reveal that in 2007, Cardinal Timothy F. Dolan, then the archbishop there, requested permission from the Vatican to move nearly $57 million into a cemetery trust fund to protect the assets from victims of clergy sexual abuse who were demanding compensation. Cardinal Dolan, now the archbishop of New York, has emphatically denied seeking to shield church funds as the archbishop of Milwaukee from 2002 to 2009. He [said in a statement] that these were “old and discredited attacks.” However, the files contain a 2007 letter to the Vatican in which he explains that by transferring the assets, “I foresee an improved protection of these funds from any legal claim and liability.” The Vatican approved the request in five weeks, the files show. The release of more than 6,000 pages of documents on Monday was hailed by victims and their advocates as a vindication and a historic step toward transparency and accountability. They were well aware that the archives would bring unusually intense scrutiny to the country’s most high-profile prelate, Cardinal Dolan. The documents lift the curtain on his role as a workaday church functionary concerned with safeguarding assets, persuading abusive priests to leave voluntarily in exchange for continued stipends and benefits, and complying with Rome’s sluggish canonical procedures for dismissing uncooperative priests. In one case, the Vatican took five years to remove a convicted sex offender from the priesthood.
Note: For the New York Times editorial on this "shocking" news, click here. For more on sexual abuse scandals, see the deeply revealing reports from reliable major media sources available here.
Can we make ourselves happier? According to studies from all over the globe collated by the World Happiness Database in Rotterdam, we can. But the path to happiness may not be where we are looking for it. Prof Ruut Veenhoven, Director of the Database and Emeritus professor of social conditions for human happiness at the Erasmus University in Rotterdam, says his own study found a slight negative correlation between the number of times people in a study spontaneously mentioned "goals" and their happiness. "Though it is generally assumed that you need goals to lead a happy life, evidence is mixed. The reason seems to be that unhappy people are more aware of their goals, because they seek to change their life for the better." Although there is some positive correlation between seeing meaning in life and being happy, studies suggest this is not a necessary condition for happiness. In fact, studies suggest leading an active life has the strongest correlation with happiness. "In order to lead a happy life, a rewarding life, you need to be active," says Veenhoven. "So involvement is more important to happiness than knowing the why, why we are here. Research has shown that we can make ourselves happier because happiness does change over time and these changes are not just a matter of better circumstances but of better dealing with life. Elderly people tend to be wiser, and for that reason, happier." Studies collated by the database say you tend to be happier if you: *Are in a long-term relationship *Are actively engaged in politics *Are active in work and in your free time *Go out for dinner *Have close friendships.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
Volunteering is a simple way to help others, but it’s also a powerful way to help yourself. Beyond the good feelings you’ll get from donating your time, and the potential to develop new, meaningful relationships with people in your community, volunteering has a significant impact on your physical health, including a boost to your heart health. New research from Carnegie Mellon University, scheduled to be published in the journal Psychology and Aging, followed more than 1,000 adults between the ages of 51 and 91. Those who volunteered for at least 200 hours a year were 40 percent less likely to develop high blood pressure than those who did not. Research shows volunteering can cut your overall mortality risk by 47 percent, may lower your risk of depression and anxiety, and even boost your psychological well-being. The type of volunteer work appeared to be irrelevant. Rather, it was the amount of time spent doing it that mattered. The benefits are particularly pronounced among older adults, a population that tends to slow down once retirement hits. Social interaction, and the stress relief it can provide, is likely one major reason why volunteering has a beneficial effect on blood pressure, as it’s a well-known fact that stress elevates blood pressure. Blood pressure aside, volunteering is not only a boon for your heart health. It’s likely that one reason volunteering is so beneficial is simply because it keeps you active and on your feet. Instead of resigning yourself to your couch, choosing to volunteer adds many hours of non-exercise activity to your life – a key to optimal health.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
The sounds of a classical guitar come from two big jelly cans. Used X-rays serve as the skins of a thumping drum set. A battered aluminum salad bowl and strings tuned with forks from what must have been an elegant table make a violin. Bottle caps work perfectly well as keys for a saxophone. A chamber orchestra of 20 children uses these and other instruments fashioned out of recycled materials from a landfill where their parents eke out livings as trash-pickers, regularly performing the music of Beethoven and Mozart, Henry Mancini and the Beatles. Word is spreading about these kids from Cateura, a vast landfill outside Paraguay's capital where some 25,000 families live alongside reeking garbage in abject poverty. The youngsters of "The Orchestra of Instruments Recycled From Cateura" performed in Brazil, Panama and Colombia this year, and hope to play at an exhibit opening next year in their honor at the Musical Instrument Museum in Phoenix, Ariz. "We want to provide a way out of the landfill for these kids and their families. So we're doing the impossible so that they can travel outside Paraguay, to become renowned and admired," said Favio Chavez, a social worker and music teacher who started the orchestra. Paraguayan documentary filmmaker, Alejandra Amarilla Nash ... and film producer Juliana Penaranda-Loftus have followed the orchestra for years, joining Chavez in his social work while making their film "Landfill Harmonic" on a shoestring budget. The documentary is far from complete. But last month, the filmmakers created a Facebook page and posted a short trailer on YouTube and Vimeo that has gone viral, quickly getting more than a million views altogether.
Note: For an inspiring 12-minute video of the amazing landfill harmonic orchestra, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
In an interview with ABC News/Yahoo! News last Friday, former U.S. Senator Mike Gravel (D-Alaska) said statements by U.S. Air Force nuclear missile launch officers – regarding mysterious aerial objects interfering with the functionality of American ICBMs – make clear that top government officials are lying to the public when they claim to have no knowledge of national security-related UFO incidents. Gravel first gained national recognition in 1971, by placing the still-classified Pentagon Papers – which documented U.S. government malfeasance during the Vietnam War – into the public record. Gravel said the revelations by former/retired Captains Robert Salas, Bruce Fenstermacher, and David Schindele, as well as retired Security Policeman Sgt. David Scott, are "the smoking gun of the whole issue" of government secrecy on UFOs. On September 27, 2010, Captain Salas co-hosted the "UFOs and Nukes" press conference with noted researcher Robert Hastings, during which seven USAF veterans revealed ongoing UFO activity at U.S. nuclear weapons sites during the Cold War era. That media event was extensively and favorably covered by hundreds of news organizations worldwide, including CNN, which streamed the proceedings live. The full-length video of the press conference appears at http://www.ufohastings.com. The latest testimony – about UFOs knocking ICBMs offline – was heard by Senator Gravel and five other former members of congress at the "Citizen Hearing on Disclosure" organized by Stephen Bassett at the National Press Club last week.
Note: For the thorough research of Capt. Salas into the event where UFOs disabled nuclear missiles, click here. Could UFOs disabling nuclear warheads be a message from extraterrestrial forces for us not to play with such dangerous toys? Hundreds of military and government witnesses have gone on record claiming a major cover-up around UFOs, including a former chief of the CIA, the former chiefs of defense of the UK and Canada (see video), and Edgar Mitchell, the sixth man to walk on the moon. Why is it that so few people are aware of this and other amazing and even inspiring facts around UFOs? For more, click here.
As auto manufacturers imagine a future of self-driving and always-connected cars, they'll need to worry about something else—electronic malfunctions and cyberattacks, according to a report released by the Transportation Research Board. "Automobiles today are literally 'computers on wheels,'" says the report. Current auto software uses more than a million lines of code. In the coming years, onboard computers will become even more important. Like a computer, a car's internal software can be infected with a virus or hacked. Last year, researchers at the University of Washington and the University of California, San Diego, proved that computers could be hacked with either physical access to the car or wirelessly using technology such as Bluetooth. A hacker could then disable the brakes, stop the engine, or worse. According to the report, "automotive manufacturers have designed their networks without giving sufficient attention to such cybersecurity vulnerabilities because automobiles have not faced adversarial pressures."
Note: A New York Times article goes into more detail. The article doesn't mention the obvious possibility that the FBI, NSA, or other intelligence agencies could hack into any car's computer system and cause an accident. There is even a term, "Boston Brakes," for staged car wrecks, allegedly because the CIA first started experimenting with this in Boston. For an article delving into this, click here. Could this be what happened to courageous reporter Michael Hastings and others? For more on intelligence agency corruption, see the deeply revealing reports from reliable major media sources available here.
Former FBI supervisor John Morris thought he had left his sordid relationship with James "Whitey" Bulger back in Boston along with the envelopes of money, the cases of expensive wine, the home-cooked meals he had prepared for the accused mob boss. Then the phone rang one night. It was 1995 and Bulger had become a fugitive from justice. It was Bulger on the phone. And he was livid. A Boston newspaper had reported that Bulger was a longtime FBI informant, and Bulger wanted Morris to have the story retracted. "He said if he was going to jail ... I was going with him." Morris testified in the trial of Bulger, 83, who is accused of a string of crimes, including 19 murders. Testimony during the trial has stated Bulger ran a criminal enterprise with the help of corrupt FBI agents [John] Connolly and Morris, and that Bulger was an FBI informant concerning his criminal rivals. Morris' testimony put a spotlight on a staggering amount of corruption in the Boston FBI field office that included cash bribes and tip-offs to wiretaps. Connolly's relationship with Bulger extended into the Massachusetts State House, Morris testified. His friendship with Bulger's brother, then Senate President William Bulger, [could] land him a job as the Boston police commissioner upon his retirement from the bureau. Connolly's behavior did not raise any eyebrows with the Special Agents in Charge of the Boston FBI field office, Morris told the court. In fact it was quite the opposite. FBI bosses sought Connolly's friendship, Morris testified. "He had tremendous access across the board to everything including sports events, political figures," Morris testified.
Note: For more on major corruption within the FBI and other intelligence services, see the deeply revealing reports from reliable major media sources available here.
[Barrett] Brown is not a household name like Edward Snowden or Bradley Manning. But after helping expose a dirty tricks plot, he faces jail. Brown made a splash in February 2011 by helping to uncover "Team Themis", a project by intelligence contractors retained by Bank of America to demolish the hacker society known as Anonymous. The Team Themis story began in late 2010, when Julian Assange warned WikiLeaks would release documents outlining an "ecosystem of corruption [that] could take down a bank or two." Bank of America went into damage-control mode and, as the New York Times reported, assembled "a team of 15 to 20 top Bank of America officials … scouring thousands of documents in the event that they become public." Days later, Bank of America retained the well-connected law firm of Hunton & Williams [which] "proposed various schemes to attack" WikiLeaks. Its partners suggested creating false documents and fake personas to damage progressive organizations. The tech companies' emails – which Anonymous hacked and Barrett Brown helped publicize – listed planned tactics: "Feed[ing] the fuel between the feuding groups. Disinformation. Create messages around actions to sabotage or discredit the opposing organization. Submit fake documents and then call out the error." Brown [has] been cooling his heels in a jail outside Dallas ... awaiting two separate trials that could put him on ice for more than 100 years. In contrast to the FBI's aggressive pursuit of Brown, no probe of the Team Themis project was launched – despite a call from 17 US House representatives to investigate a possible conspiracy to violate federal laws.
Note: With the wide focus on the privatized national security state by the leaks from Edward Snowden, there is renewed interest in Brown's plight and the campaign for justice in his case. For more on this and to support Barret Brown, click here. For more on intelligence agency corruption, see the deeply revealing reports from reliable major media sources available here.
The Army is blocking all access to The Guardian newspaper's reports about the National Security Agency's sweeping collection of data about Americans' email and phone communications, an Army spokesman said Thursday. The Monterey (Calif.) Herald reported that employees at the Presidio of Monterey, an Army public affairs base about 100 miles south of San Francisco, were unable to gain access to The Guardian's articles on former NSA contractor Edward Snowden and his professed leaks of classified information about the intelligence programs. Late Thursday, an Army spokesman told The Herald by email that the newspaper's NSA reports were, in fact, being blocked across the entire Army. He wrote that it's routine for the Defense Department to take "network hygiene" action to prevent disclosure of classified information, The Herald reported. "We make every effort to balance the need to preserve information access with operational security," the newspaper quoted the spokesman as saying. "However there are strict policies and directives in place regarding protecting and handling classified information."
Note: To read the full story in the Monterey Herald, click here. For the Guardian's coverage of this, click here. Does the military have the right to censor its members' access to information?
Faced with a $19 billion fine for polluting Ecuador’s rainforest, Chevron Corp. has done a remarkable job of turning the tables on its foes. The lawyers who sued Chevron in Ecuador, winning that eye-popping judgment, have come under non-stop attack from the oil company. Chevron has hauled them into court in New York, accusing them of fraud and extortion. The company has gone after Ecuador’s judicial system as well, claiming judges there conspired with the other side. That aggressive strategy has worked wonders, putting Chevron’s opponents on the defensive and convincing many people that the Ecuador suit is a sham. And you can trace much of that strategy back to a 2008 memo by San Francisco’s master of crisis communications, Sam Singer. In October of 2008, he sent Chevron spokesman Kent Robertson a four-page memo outlining steps the company could take to change public perceptions of the Ecuador lawsuit. Singer recommended going on the offensive. The company should portray Ecuador’s court system as corrupt, with collusion between judges and the plaintiffs in the lawsuit. Pointing out the leftward tilt of Ecuadoran President Rafael Correa wouldn’t hurt. And Singer recommended “counter attacks” on the plaintiffs and their legal team, particularly lead lawyer Steven Donziger. Bear in mind that the memo was written more than two years before the Ecuadoran judge presiding over the lawsuit ruled against Chevron, in February of 2011. Some of Singer’s recommendations didn’t fly. For example, he suggested portraying Ecuador as “the next major threat to America.” But the company took much of his advice to heart.
A bill that bans the wearing of masks during a riot or unlawful assembly and carries a maximum 10-year prison sentence ... became law today. The bill is meant to give police an added tool to prevent lawful protests from becoming violent riots, and that it will help police identify people who engage in vandalism or other illegal acts. The bill originally proposed a penalty of up to five years, but the House of Commons justice committee amended it and doubled the penalty to up to 10 years in prison for committing the offence. The bill didn't have unanimous support, and was opposed by some who are concerned about its effect on freedom of expression and privacy. Civil liberties advocates argued the measures could create a chilling effect on free speech and that peaceful protesters can unintentionally find themselves involved in an unlawful assembly. They also noted that there are legitimate reasons for wearing masks at protests; some may be worried about reprisals at work, for example, if sighted at a political protest. "Any law that infringes upon civil liberties needs to be held to a test of absolute necessity, and I don't think that test has been met in this instance," said Michael Byers, a political scientist at the University of British Columbia.
Note: Police seem to be specifically targeting the now popular Guy Falkes masks representing opposition to oppressive authority. For more on the erosion of civil liberties, see the deeply revealing reports from reliable major media sources available here.
Drug companies face accusations of secretly colluding with pharmacists to overcharge the NHS millions of pounds, following an undercover investigation by The Telegraph. Pharmaceutical firms appear to have rigged the market in so-called "specials" – prescription drugs that are largely not covered by national NHS price regulations. The prices of more than 20,000 drugs could have been artificially inflated, with backhanders paid to chemists who agreed to sell them. Representatives of some companies agreed to invoice chemists for drugs at up to double their actual cost. Chemists would then send inflated invoices to the NHS, allowing them to pocket the difference. Tens of thousands of the "special" drugs are not on the nationally controlled NHS price list and so costs can be manipulated by drug companies. Sales representatives for drug firms were secretly recorded by this newspaper offering to provide apparently falsified invoices allowing chemists to bill the NHS for sums far greater than they would spend. Another firm offered to pay an annual fee to chemists who agreed to offer its prescription drugs. Hundreds of millions of pounds of taxpayers money are feared to have been wasted in recent years due to the practice. The undercover investigation was launched after this newspaper was approached by a whistle-blower who alleged widespread malpractice. Undercover reporters posed as investors hoping to set up a chain of chemists.
Note: Watch the incriminating videos of these undercover deals at the link above. For more on pharmaceutical corruption, see the deeply revealing reports from reliable major media sources available here.
Britain's spy agency GCHQ has secretly gained access to the network of cables which carry the world's phone calls and internet traffic and has started to process vast streams of sensitive personal information which it is sharing with its American partner, the National Security Agency (NSA). The sheer scale of the agency's ambition is reflected in the titles of its two principal components: Mastering the Internet and Global Telecoms Exploitation, aimed at scooping up as much online and telephone traffic as possible. This is all being carried out without any form of public acknowledgement or debate. One key innovation has been GCHQ's ability to tap into and store huge volumes of data drawn from fibre-optic cables for up to 30 days so that it can be sifted and analysed. GCHQ and the NSA are consequently able to access and process vast quantities of communications between entirely innocent people, as well as targeted suspects. This includes recordings of phone calls, the content of email messages, entries on Facebook and the history of any internet user's access to websites – all of which is deemed legal, even though the warrant system was supposed to limit interception to a specified range of targets. The existence of the programme has been disclosed in documents shown to the Guardian by the NSA whistleblower Edward Snowden. Britain's technical capacity to tap into the cables that carry the world's communications ... has made GCHQ an intelligence superpower. A total of 850,000 NSA employees and US private contractors with top secret clearance had access to GCHQ databases.
Note: For solid evidence spy agencies targeted even top politicians, click here. For more on intelligence agency corruption, see the deeply revealing reports from reliable major media sources available here.
How could more than 130,000 children be shipped from Britain to Australia and other Commonwealth countries, often without their parents' knowledge, and the world not know about it? [This is] the chilling poser at the heart of Jim Loach's debut film, Oranges and Sunshine, which centres on a policy that saw children from poor and struggling families sent halfway across the world to a promised new life. Instead, many endured virtual slave labour and, in some extreme cases, serial abuse. In the film, we follow Margaret [as] she gradually uncovers the devastating effects that the deportation has had on its victims. In Australia, Margaret's efforts amass evidence that defenceless children, in the care of the Roman Catholic Christian Brotherhood, have been physically and sexually abused by members of the order. However, Margaret is seen as a troublemaker, an outsider stirring up long-forgotten memories. Back in the UK, charities and government officials are refusing to accept responsibility for sending the children abroad. She receives death threats. Margaret eventually finds personal solace as her efforts finally come to fruition. Families are brought back together after decades apart, and the now grown-up children are able to establish their true identities. Finally, in 2009-10, after many years of official denial and vacillation, there are full public apologies from the Australian and British governments. Loach's film intelligently explores a grave injustice. The title, Oranges and Sunshine, refers to the inviting picture of a new life sold to the children in advance of their long journey to the other side of the world. It is a shattering, yet inspiring story.
Note: For more on this huge scandal of child abduction and abuse, click here. For another scandal of major child abuse based in Australia that has yet to be fully exposed, click here. For more on child sexual abuse, see the deeply revealing reports from reliable major media sources available here.
[Here's a story] from Ellsberg's book Secrets. The setting is a meeting with Henry Kissinger in late 1968. In 1968 Ellsberg was a highly respected analyst ... who had worked for both the Pentagon and Rand, and Kissinger was just entering the government. Ellsberg told him, "Henry, there's something I would like to tell you. You've dealt a great deal with top secret information. But you're about to receive a whole slew of special clearances, maybe fifteen or twenty of them, that are higher than top secret. First, you'll be exhilarated by some of this new information. But second, ... you will feel like a fool for having studied, written, talked about these subjects, criticized and analyzed decisions made by presidents for years without having known of the existence of all this information. In particular, you'll feel foolish for having literally rubbed shoulders for over a decade with some officials and consultants who did have access to all this ... and you'll be stunned that they kept that secret from you so well. You will feel like a fool. Then, after you've ... become used to using what amounts to whole libraries of hidden information, ... you will forget there ever was a time when you didn't have it. You'll be aware only of the fact that you have it now and most others don't ... and that all those other people are fools. [In] a matter of two or three years — you'll eventually become aware of the limitations of this information. It's often inaccurate, and it can lead you astray. But that takes a while to learn. In the meantime ... you will deal with a person who doesn't have those clearances only from the point of view of what you want him to believe and what impression you want him to go away with. You'll have to lie carefully to him about what you know. In effect, you will have to manipulate him.
Note: Don't miss the entire fascinating, highly revealing article at the link above. To see this quote from Ellsberg's book on Google books, click here. For more on government secrets, see the deeply revealing reports from reliable major media sources available here.
The Rothschild and Rockefeller families have teamed up to buy assets from banks and other distressed sellers in a union between two of the best-known names in financial history. RIT Capital Partners, which is chaired by Lord Rothschild, has taken a 37pc stake in Rockefeller Financial Services, the family’s wealth advisory and asset management wing. It has snapped up the holding from French bank Société Générale for less than Ł100m. The transatlantic alliance cements a five-decade acquaintance between the now ennobled Jacob Rothschild, 76, and David Rockefeller, 96, the grandson of the ruthlessly acquisitive American oilman and philanthropist John D Rockefeller. The two patricians now plan to capitalise on their family names to buy other asset managers or their portfolios, using their networks of top-notch contacts to ensure they get a seat at the table for any deal. The Rockefeller group goes back to 1882, set up to invest the family money made by John D Rockefeller’s Standard Oil, the forerunner for today’s Exxon Corporation, which he built with a Darwinian aggression. “Do you know the only thing that gives me pleasure? It’s to see my dividends coming in,” he once said. The Rothschild banking dynasty has its roots in the 18th century when Mayer Amschel Rothschild set up a business in Frankfurt. That sprang to fame in 1815 when it bought government bonds in anticipation of Napoleon’s defeat at Waterloo.
Note: Why is that these two hugely wealthy families get so little press coverage? Could it be that their wealth and influence exerts control over the major media? For more on secret societies which command huge hidden power, see the deeply revealing reports from reliable major media sources available here.
The Rothschild dynasty is to merge its British and French banking operations to secure long-term control of the business and to boost the firm's financial strength ahead of the introduction of tougher capital requirements for banks. The 200-year-old banks will be reunited under a single shareholding that will bring together the fortunes of the French and English sides of the renowned family as they attempt to safeguard the business against the effects of new regulation and the fallout from the global financial crisis. Paris Orleans, the Rothschild Group's Paris-based holding company, will convert into a French limited partnership, securing the families' control of the bank against potential takeovers. The new partnership will then buy out minority investors in NM Rothschild & Sons, the UK business, as well as outstanding minority interests in the French operations. Paris Orleans has a market value of more than €500m (Ł415m) and is about 30pc owned by outside investors. The Rothschild Group employs 3,000 people in 42 countries and is one of the world's leading independent investment banks, advising some of the largest international companies on capital raisings and mergers and acquisitions. The bank also remains a player in the private equity industry and operates several merchant banking operations that invest directly in business across Europe and the rest of the world.
Note: Why is that these two hugely wealthy families get so little press coverage? Could it be that their wealth and influence exerts control over the major media? For more on secret societies which command huge hidden power, 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.