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Revealing News For a Better World

News Stories
Excerpts of Key News Stories in Major Media


Below are highly revealing excerpts of key news stories from the major media that suggest major cover-ups and corruption. Links are provided to the full stories on their media websites. If any link fails to function, read this webpage. These news stories are listed by date posted. You can explore the same list by order of importance or by date of news story. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Rigged-Benchmark Probes Proliferate From Singapore to UK
2013-06-16, Bloomberg Businessweek
Posted: 2013-06-25 08:46:13
http://www.businessweek.com/news/2013-06-16/rigged-benchmark-probes-prolifera...

The probe of Libor manipulation is proving to be the tip of the iceberg as inquiries into assets from derivatives to foreign exchange show that if there’s a chance to rig benchmark rates in world markets, someone is usually willing to try. Singapore’s monetary authority last week censured 20 banks for attempting to fix interest rate levels in the island state and ordered them to set aside as much as $9.6 billion. Britain’s markets regulator is looking into the $4.7 trillion-a-day currency market after Bloomberg News reported that traders have manipulated key rates for more than a decade, citing five dealers. “It’s happened time and again: all of these markets have been influenced by major market-makers, which is a polite way of saying they’ve been rigged,” Charles Geisst, a finance professor at Manhattan College in Riverdale, New York, said. While the indexes under scrutiny are little known to the public, their influence extends to trillions of dollars in securities and derivatives. Barclays, UBS and Royal Bank of Scotland have been fined about $2.5 billion in the past year for distorting the London interbank offered rate, which is tied to $300 trillion worth of securities. Regulators are also probing ISDAfix, a measure used in the $370 trillion interest-rate swaps market, as well as how some oil products prices are set. Inquiries are broadening into the transparency of benchmarks whose levels can be determined by the same people whose income they affect. In the case of Libor, traders who stood to profit worked with bank employees responsible for submissions for the benchmark to rig the price.

Note: To read highly revealing major media articles showing just how crazy and unregulated the derivatives market is, click here. For deeply revealing reports from reliable major media sources on financial corruption, click here.


The Last Mystery of the Financial Crisis
2013-06-19, Rolling Stone
Posted: 2013-06-25 08:44:18
http://www.rollingstone.com/politics/news/the-last-mystery-of-the-financial-c...

It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents shows how they did it. Everybody else got plenty of blame: the greed-fattened banks, the sleeping regulators, the unscrupulous mortgage hucksters. But what about the ratings agencies? Thanks to a mountain of evidence gathered for a pair of major lawsuits by the San Diego-based law firm Robbins Geller Rudman & Dowd, ... we now know that the nation's two top ratings companies, Moody's and S&P, have for many years been shameless tools for the banks, willing to give just about anything a high rating in exchange for cash. In incriminating e-mail after incriminating e-mail, executives and analysts from these companies are caught admitting their entire business model is crooked. Ratings agencies are the glue that ostensibly holds the entire financial industry together. Their primary function is to help define what's safe to buy, and what isn't. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for. The Financial Crisis Inquiry Commission published a case study in 2011 of Moody's in particular and discovered that between 2000 and 2007, the agency gave nearly 45,000 mortgage-backed securities AAA ratings. One year Moody's doled out AAA ratings to 30 mortgage-backed securities every day, 83 percent of which were ultimately downgraded. "This crisis could not have happened without the rating agencies," the commission concluded.

Note: This is another great, well researched article by Rolling Stone's Matt Taibbi. Why isn't the major media coming up with anything near the quality of this man's work? For deeply revealing reports from reliable major media sources on financial corruption, click here.


Court Papers Undercut Ratings Agencies' Defense
2012-07-03, New York Times
Posted: 2013-06-25 08:42:03
http://www.nytimes.com/2012/07/03/business/documents-seem-to-endanger-ratings...

For years, the ratings agencies have contended that the grades they assign debt securities are independent opinions and therefore entitled to First Amendment protections, like those afforded journalists. But newly released documents in a class-action case ... cast doubt on the independence of the two largest agencies, Moody’s Investors Service and Standard & Poor’s. The case, filed in 2008 by a group of 15 institutional investors against Morgan Stanley and the two agencies, involves a British-based debt issuer called Cheyne Finance. Cheyne collapsed in August 2007 under a load of troubled mortgage securities. Even though Cheyne’s portfolio was bulging with residential mortgage securities, some of its debt received the agencies’ highest ratings, a grade equal to that assigned to United States Treasury securities. When the primary analyst at S.& P. notified Morgan Stanley that some of the Cheyne securities would most likely receive a BBB rating, not the A grade that the firm had wanted, the agency received a blistering e-mail from a Morgan Stanley executive. S.& P. subsequently raised the grade to A. After the institutions that bought Cheyne’s debt sued Morgan Stanley and the ratings agencies, Moody’s and S.& P. immediately mounted a First Amendment defense. But Shira A. Scheindlin, the federal judge overseeing the matter ... argued that the ratings were not opinions but were misrepresentations that were possibly a result of fraud or negligence.

Note: For deeply revealing reports from reliable major media sources on financial corruption, click here.


Hastings' death spawns conspiracy theories
2013-06-20, San Francisco Chronicle (SF's leading newspaper)
Posted: 2013-06-25 08:34:19
http://www.sfgate.com/nation/article/Hastings-death-spawns-conspiracy-theorie...

During the weeks before he was killed in a car crash in Los Angeles, reporter Michael Hastings was researching a story about a privacy lawsuit brought by Florida socialite Jill Kelley against the Department of Defense and the FBI. Hastings, 33, was scheduled to meet with a representative of Kelley next week in Los Angeles to discuss the case, according to a person close to Kelley. Hastings wrote for Rolling Stone and the website BuzzFeed. The story about Kelley, Broadwell and the Petraeus affair would have been consistent with topics that Hastings has focused on during his reporting career, including his 2010 Rolling Stone profile of Gen. Stanley McChrystal, the top American commander in Afghanistan, which led to McChrystal's resignation. The story described the disdain that the general's staff had for President Obama and Vice President Joe Biden. Since Hastings' death early Tuesday, wild conspiracy theories have bloomed on the Internet, implying that he was murdered by powerful forces wanting to silence him. On Wednesday night, the antisecrecy website WikiLeaks [published] a message on Twitter that Hastings had contacted a lawyer for the organization hours before his car smashed into a tree on North Highland Avenue in Los Angeles. The message read: "Michael Hastings contacted WikiLeaks lawyer Jennifer Robinson just a few hours before he died, saying that the FBI was investigating him."

Note: For a more in-depth article in New York Magazine raising serious questions, click here. Among other key evidence, the article quotes an automotive writer saying that the fire caused by the crash was virtually impossible. A U.S. News & World Report article also states, "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." A revealing video shows the engine was thrown 50 yards from the car.


Google challenges U.S. gag order, citing First Amendment
2013-06-18, Washington Post
Posted: 2013-06-25 08:30:56
http://www.washingtonpost.com/business/technology/google-challenges-us-gag-or...

Google asked the secretive Foreign Intelligence Surveillance Court on [June 18] to ease long-standing gag orders over data requests the court makes, arguing that the company has a constitutional right to speak about information it is forced to give the government. The legal filing, which invokes the First Amendment’s guarantee of free speech, is the latest move by the California-based tech giant to protect its reputation in the aftermath of news reports about broad National Security Agency surveillance of Internet traffic. Revelations about the program, called PRISM, have opened fissures between U.S. officials and the involved companies, which have scrambled to reassure their users without violating strict rules against disclosing information that the government has classified as top secret. A high-profile legal showdown might help Google’s efforts to portray itself as aggressively resisting government surveillance, and a victory could bolster the company’s campaign to portray government surveillance requests as targeted narrowly and affecting only a small number of users. [The] unusual legal move came after days of intense talks between federal officials and several of the technology companies, including Google, over what details can be released. It also comes as the firms increasingly show signs of wanting to outdo each other in demonstrating their commitment to protecting user privacy. Facebook, Microsoft and Yahoo in recent days have won federal government permission to include requests from the court as part of the overall number of data requests they receive from federal, state and local officials.

Note: For deeply revealing reports from reliable major media sources on government assaults on privacy, click here.


Tech firms push back on digital spying
2013-06-18, San Francisco Chronicle (SF's leading newspaper)
Posted: 2013-06-25 08:29:14
http://www.sfchronicle.com/technology/article/Tech-firms-push-back-on-digital...

Edward Snowden, the whistle-blower shining spotlights on federal surveillance practices, made a rhetorical - and volatile - point during an online question-and-answer session Monday. "If Facebook, Google, Microsoft and Apple refused to provide this cooperation with the intelligence community, what do you think the government would do? Shut them down?" he asked. Snowden's point implies that tech companies should push back on all government requests for data on their users. Prosecuting these much-used companies for noncompliance would only shed light on the extent of the programs they aimed to keep secret in the first place. Whether a tech company dares go that far remains to be seen. But in the past week a number of household names in Silicon Valley have at least started demanding more freedom to disclose what the government wants to know about their users. As the tech companies associated with Snowden's leaked materials scramble to comply with government requests, they're also scrambling to save face with customers. It's still not clear what exact technical mechanism the government used to acquire information about users of Facebook, Google, Microsoft, Yahoo and Apple, among others. But it is clear that some Internet users have come to view these tech giants as proxy spies as a result of their assumed compliance. The companies say they would like nothing better than to clear their names, but they simply aren't allowed to release details about government requests.

Note: For deeply revealing reports from reliable major media sources on government assaults on privacy, click here.


Former TWA Flight 800 Investigators Urge New Look at Crash
2013-06-19, US News & World Report
Posted: 2013-06-25 08:27:12
http://www.usnews.com/news/articles/2013/06/19/former-twa-flight-800-investig...

Former investigators of the 1996 TWA Flight 800 crash are urging the National Transportation Safety Board to reopen its review of the nearly 17-year-old case. In a new documentary about the crash that is scheduled to air next month, several former investigators on the case suggest that missiles brought down the New York-to-Paris plane, killing 230 people when it exploded near Long Island just minutes after it took off. This new evidence could resurrect conspiracy theories that began circulating within days of the crash. However, the NTSB concluded after four years investigating the crash that the plane's center fuel tank exploded "most likely" from a short circuit, ruling out the possibility of a missile, according to the board's report. But the retired investigators claim that those findings were "falsified." "Early on in the investigation there was indication that the evidence was being tampered with," said Hank Hughes, a former senior accident investigator with NTSB, during a conference call with reporters. Hughes and others cited possible missing parts of the plane, possible explosive material and other findings that could corroborate their theory that a missile came from the north. The documentary's co-producer Tom Stalcup told CNN that the film offers "solid proof that there was an external detonation," and that a number of people have come forward confirming these claims.

Note: For powerful evidence from an Emmy-award winning journalist that this investigation was manipulated, click here. To watch the powerful documentary Shadows of Liberty on major media manipulation, including that of TWA flight 800 (minute 14) at this link.


'Pierre Salinger Syndrome' and the TWA 800 conspiracies
2012-07-17, CNN
Posted: 2013-06-25 08:25:24
http://www.cnn.com/2006/US/07/12/twa.conspiracy/index.html

Bolstered by eyewitness accounts and the Internet, the explosion of TWA Flight 800 off the coast of New York 10 years ago spawned a slew of sinister conspiracy theories, most notably the belief that a missile from a U.S. Navy ship was responsible. So prevalent were these theories that the term "Pierre Salinger Syndrome" -- the belief that everything on the Internet is true -- entered the lexicon. Some witness accounts seemed to support the missile theory. It quickly became a hot topic on the young but quickly growing Internet. It might have stayed simply an Internet conspiracy had it not been for Pierre Salinger, President Kennedy's press secretary who had worked as a network news correspondent for a time. Three months after the TWA tragedy, while working as a freelance public relations director, he claimed to have verified the friendly fire cover-up. "It's a document I got about five weeks ago -- came from ... an intelligence agent of France. He had been given this document from an American Secret Service agent based in France," Salinger said at the time. "He had been doing an inquiry and had some contacts with the U.S. Navy." Salinger took to the news airwaves, including CNN, touting his theory. But as baseless as it sounded, Salinger could not be ignored. His accusations gave conspiracy theorists a voice of distinction and credibility.

Note: For powerful evidence from an Emmy-award winning journalist that this investigation was manipulated, click here. To watch the powerful documentary Shadows of Liberty on major media manipulation, including that of TWA flight 800 (minute 14) at this link.


The world is a better place than you think
2013-06-06, The Intelligent Optimist (Formerly Ode Magazine)
Posted: 2013-06-25 08:23:36
http://www.theoptimist.com/stories/society/the-world-is-a-better-place-than-y...

Since the end of the Cold War, the number of armed conflicts in the world has fallen by 40 percent, according to Simon Fraser University’s Human Security Report. And those conflicts have resulted in strikingly low numbers of fatalities. While that statement may sound odd ... the numbers are nonetheless telling. Since 1988, the number of wars killing more than 1,000 people a year has gone down by 78 percent. What explains this spectacular reduction in violence? In The Better Angels of Our Nature: Why Violence Has Declined, Harvard professor Steven Pinker cites a number of reasons. Nation-forming curbed people’s inclination to steal their neighbors’ land and reduced the threat of enemy invasion, allowing geopolitical stability to take root. The emergence of democracy curbed tyrannical government excesses. International trade turned countries into business partners, and peace became economically attractive. A general process of civilization brought about more and more self-control. Not every indicator shows a steadily falling line, but enough measurements do register a continuous drop in brutality. It’s human to remember grisly periods like world wars and senseless outbreaks of savagery and forget how many people died violently in past centuries. It’s a fact, though, that we experience considerably less violence today than our forebears did. You’re more likely to drown in a swimming pool than to die a brutal death. That’s a luxury no one knew in generations past. We do, indeed, live in history’s most peaceful era.

Note: One of the most under-reported positive stories is that global violent crime has dropped dramatically in the last two decades. For FBI statistics showing violent crime in the U.S. dropped to 1/3 the rate of 1993, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.


Christian group that sought to help gays repress same-sex attraction apologizes, closes down
2013-06-20, Washington Post/Associated Press
Posted: 2013-06-25 08:21:58
http://www.washingtonpost.com/national/on-faith/christian-group-that-helped-p...

The leader of Exodus International, a Christian ministry that worked to help people repress same-sex attraction, has apologized to the gay community for inflicting “years of undue suffering.” He plans to close the organization while launching a new effort to promote reconciliation. “The church has waged the culture war, and it’s time to put the weapons down,” Alan Chambers told The Associated Press on [June 20], hours after announcing his decision at Exodus’ annual conference and posting his apology online. “While there has been so much good at Exodus, there has also been bad,” Chambers said at the conference. “We’ve hurt people.” Based in Orlando, Fla., Exodus was founded 37 years ago and claimed 260 member ministries around the U.S. and abroad. It offered to help conflicted Christians rid themselves of unwanted homosexual inclinations through counseling and prayer, infuriating gay rights activists in the process. Last year, Chambers — who is married to a woman but has spoken openly about his own sexual attraction to men — said he was trying to distance his ministry from the idea that gays’ sexual orientation can be permanently changed or “cured.” Chambers said the board had decided to close Exodus and form a new ministry, which he referred to as reducefear.org. He told the AP that the new initiative would seek to promote dialogue among those who’ve been on opposite sides in the debate over gay rights. “We want to see bridges built, we want peace to be at the forefront of anything we do in the future,” he said.

Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.


Helping 'Kliptown' kids take control of their future
2012-07-12, CNN
Posted: 2013-06-25 08:20:23
http://www.cnn.com/2012/07/12/world/africa/cnnheroes-madondo-kliptown/index.html

Brian Munyai has spent nearly all of his 22 years living in a small metal shack that has never had electricity or running water. Conditions like this are typical for the nearly 40,000 people who live in the slums of Kliptown, a district in the largely black township of Soweto, South Africa. In high school, he heard about the Kliptown Youth Program. The after-school program, commonly known as KYP, provided him with intensive tutoring that helped him pass his senior exams and find funding to attend the University of Johannesburg. Stories like this motivate Thulani Madondo, the director and co-founder of KYP. A lifelong Kliptown resident, he has a goal of helping people like Munyai change their lives and their community through education. Right now, Madondo's group provides academic support, meals and after-school activities to 400 children. Every Monday through Thursday at 4 p.m. sharp, students hit the books in the tutoring program. Primary school students are tutored by the program's staff twice a week; on alternate days, professional teachers work with the high school students to prepare them for the matriculation exams required at the end of 12th grade. Books can be borrowed from the program's library -- the only one in the community -- and there are nearly 300 Internet-accessible laptops that were donated through the nonprofit One Laptop Per Child. So far, 21 members, including Munyai, have gone on to a university. [KYP provides] some financial assistance and helps members find ways to finance the rest.

Note: Check out the Kliptown Youth Program website at www.kliptownyouthprogram.org.za and see how to help. For a treasure trove of great news articles which will inspire you to make a difference, click here.


Facebook rejects rape culture. Can you?
2013-05-31, CNN
Posted: 2013-06-18 13:38:42
http://www.cnn.com/2013/05/30/opinion/chemaly-facebook/index.html

After I wrote an article about misogyny found on Facebook, people began to send me links to content that they had tried and failed to have removed by the site. Among these was a seven-minute video depicting a gang-rape of a girl by the side of the road. I began looking more deeply into the subject. I came across "humor" pages with names like "Raping Your Girlfriend." There were easily accessed pictures and videos of girls and women frightened, humiliated, bruised, beaten, raped, [and] bathed in blood. In one instance, Facebook declined to remove an image of a woman, mouth covered in tape, in which the caption read, "Don't tap her and rap her. Tape her and rape her." The photo went viral. Facebook's response ... "the photo ... did not violate our community standards." I joined [others] to launch a global campaign to confront institutionalized sexism in media. We wrote an open letter to Facebook, co-signed by more than 100 organizations, asking the company ... to train people to recognize violence against women as hateful. We encouraged users of Facebook to send messages to its advertisers encouraging them to boycott the social media network. Over seven days, men and women around the world sent more than 60,000 tweets ... and 5,000 e-mails to targeted advertisers, 16 of whom withdrew their advertising. Facebook responded, noting that its "systems to identify and remove hate speech have failed to work as effectively" as they would like. We are in the midst of a shifting cultural tide in which gender based violence -- historically kept private -- is better understood as a pandemic problem. Facebook's action represents an open acknowledgment that violence against women is a serious issue [that] deserves serious attention.

Note: How sad that it took facebook advertisers withdrawing their support to make this change. And how awesome that the writer of this article, Soraya Chemaly, had to the courage to stand up and do something about it by initiating this sexism campaign against facebook, and to inspire others to join her. Working together, we can make a difference.


How Facebook Learned Rape is Bad for Business
2013-05-30, Huffington Post
Posted: 2013-06-18 13:37:21
http://www.huffingtonpost.ca/sandy-garossino/wam-facebooks-pr-disaster_b_3357...

For years Facebook has maintained an imperious and stony silence against pleas from users and victims about its most objectionable content. But on May 27th, Facebook finally flinched. And then it cratered, caved and capitulated in the course of a single phone call after a one-week #fbrape campaign by the smartest feminists on the planet. In the end, it was all about the money. WAM (Women Action Media), feminist Soraya Chemaly and Everyday Sexism in the UK took direct aim at Facebook's advertising revenue stream. They publicly showed major advertisers their own paid ads prominently displayed ... on horrific rape-oriented Facebook pages. It was too much for Nissan and the insurance giant Nationwide, which both pulled their ads immediately. Organizers then aimed a blistering barrage of social media messages to Dove, American Express, ZipCar and other brands, demanding that they too withdraw their ads. Why did Facebook move so swiftly to staunch the bleeding? To put it simply, it had to. Advertising dollars are the octane that fuels Facebook. The #fbrape campaign organizers seized on the key paradox and gaping vulnerability in the advertising model. Although monetized like a titanic broadcast network, Facebook's content ethic is actually stuck on [a] frat-boy setting. A striking mismatch exists between the chaos generated by a billion content up-loaders and the brand discipline demanded by multi-billion dollar advertisers. No advertiser can risk having its brand associated with violent rape, gore, or child abuse porn, all of which are widely disseminated on Facebook by an army of trolls and goons.

Note: For deeply revealing reports from reliable major media sources on sexual abuse scandals, click here.


'Gay lobby' in the Vatican, says Pope Francis
2013-06-11, The Telegraph (One of the UK's leading newspapers)
Posted: 2013-06-18 13:36:02
http://www.telegraph.co.uk/news/worldnews/europe/vaticancityandholysee/101137...

Pope Francis has admitted that a "gay lobby" exists within the Vatican's administration and is planning to take action about it, according to reports. "Yes, it is difficult," he reportedly said. "In the Curia there are holy people, truly holy people. But there is also a current of corruption, also there is ... a 'gay lobby' and that is true. It is there ... we will have to see what we can do." In February, Italian newspapers reported that a dossier on scandals within the Vatican, ordered by Pope Benedict XVI and delivered to him in December, exposed a network of patronage among a powerful lobby of homosexual churchmen as well as the potential blackmailing of homosexuals. The Italian reports suggested that the details exposed had pushed Benedict to resign in February. The dossier was compiled by three senior cardinals, who were charged with looking into secret rivalries and corruption within the Vatican following the leaking of Benedict's private letters by his butler, Paolo Gabriele. In his audience, Pope Francis allegedly promised to reform the Vatican but said it would be "difficult" and that he could not carry out the reforms himself because he was "disorganised". He reportedly said he would be relying on the commission of eight cardinals he appointed in April to organise reform of the Curia, which is due to meet in October.

Note: For deeply revealing reports from reliable major media sources on secrecy, click here.


Secret tax-haven names released to public
2013-06-14, CBC (Canada's public broadcasting network)
Posted: 2013-06-18 13:34:41
http://www.cbc.ca/news/world/story/2013/06/14/offshore-leak-database-released...

An enormous trove of leaked records about secret companies and accounts is being opened to the public in hope it will shed light on the murky world of offshore finance. The information, contained in a new online database released [on June 14], has the names of more than 100,000 offshore entities — mainly companies and trusts set up in locales such as the British Virgin Islands and Cook Islands — and the people associated with them. Media outlets worldwide have been reporting on the information leak since it came to light in early April, with far-reaching global repercussions. The online names database was released ... by the International Consortium of Investigative Journalists, and contains a basic subset of the 260 gigabytes of leaked tax-haven files that the Washington-based group obtained and shared with global news organizations. "What we're doing for the British Virgin Islands, the Cook Islands, and other offshore havens is what's routinely done in many countries around the world — making the control and ownership of companies a matter of public record," said Michael Hudson, a senior editor at the journalism consortium. The newly released database shows the names and, where available, the shareholders and directors of offshore companies, and visually maps out links between them. [ICIJ] said it hopes people will browse the names and tip off reporters to new revelations about people and companies doing business offshore.

Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.


Traders Said to Rig Currency Rates to Profit Off Clients
2013-06-11, Bloomberg News
Posted: 2013-06-18 13:32:59
http://www.bloomberg.com/news/2013-06-11/traders-said-to-rig-currency-rates-t...

Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice. Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set, said the current and former traders, who requested anonymity because the practice is controversial. Dealers colluded with counterparts to boost chances of moving the rates, said two of the people, who worked in the industry for a total of more than 20 years. The behavior occurred daily in the spot foreign-exchange market and has been going on for at least a decade, affecting the value of funds and derivatives, the two traders said. The Financial Conduct Authority, Britain’s markets supervisor, is considering opening a probe into potential manipulation of the rates, according to a person briefed on the matter. The $4.7-trillion-a-day currency market, the biggest in the financial system, is one of the least regulated. The inherent conflict banks face between executing client orders and profiting from their own trades is exacerbated because most currency trading takes place away from exchanges. The WM/Reuters rates are used by fund managers to compute the day-to-day value of their holdings. While the rates aren’t followed by most investors, even small movements can affect the value of [the] $3.6 trillion in funds including pension and savings accounts that track global indexes.

Note: For deeply revealing reports from reliable major media sources on financial corruption, click here.


America's private prison system is a national disgrace
2013-06-13, The Guardian (One of the UK's leading newspapers)
Posted: 2013-06-18 13:31:32
http://www.guardian.co.uk/commentisfree/2013/jun/13/aclu-lawsuit-east-mississ...

Privatization [of government functions] often comes with a lack of oversight and a series of abuses. One particularly stunning example is the American prison system, the realities of which should be a national disgrace. Some of those realities are highlighted in a recent lawsuit filed by the American Civil Liberties Union on behalf of prisoners at the East Mississippi Correctional Facility (EMCF). EMCF houses severely mentally ill prisoners, with the supposed intent of providing both incarceration and treatment. Instead, the ACLU contends, the facility, which is operated by private contractors, is rife with horrific abuses. The complaint lists a litany of such horrors, [including]: Rampant rapes. Placing prisoners in solitary confinement for weeks, months or even years at a time. Rat infestations so bad that vermin crawl over prisoners. Many suicide attempts, some successful. Denying or delaying treatment for infections and even cancer. Stabbings, beatings and other acts of violence. Malnourishment and chronic hunger. Officers who deal with prisoners by using physical violence. The [US] prison system is increasingly built and run by for-profit corporations, who have a financial interest in increasing the number of people in prison while decreasing the amount of money it costs to house them. Since 1980, the US prison population has grown by 790%. We have the largest prison population of any nation in the history of the world.

Note: For deeply revealing reports from reliable major media sources on corruption and human rights abuses in prisons, click here.


NSA surveillance played little role in foiling terror plots, experts say
2013-06-12, The Guardian (One of the UK's leading newspapers)
Posted: 2013-06-18 13:30:01
http://www.guardian.co.uk/world/2013/jun/12/nsa-surveillance-data-terror-attack

Lawyers and intelligence experts with direct knowledge of two intercepted terrorist plots that the Obama administration says confirm the value of the NSA's vast data-mining activities have questioned whether the surveillance sweeps played a significant role, if any, in foiling the attacks. The defence of the controversial data collection operations ... has been led by Dianne Feinstein, chairwoman of the Senate intelligence committee, and her equivalent in the House, Mike Rogers. The two politicians have attempted to justify the NSA's use of vast data sweeps such as Prism and Boundless Informant by pointing to the arrests and convictions of would-be New York subway bomber Najibullah Zazi in 2009 and David Headley, who is serving a 35-year prison sentence for his role in the 2008 Mumbai attacks. But court documents lodged in the US and UK, as well as interviews with involved parties, suggest that data-mining through Prism and other NSA programmes played a relatively minor role in the interception of the two plots. Conventional surveillance techniques, in both cases including old-fashioned tip-offs from intelligence services in Britain, appear to have initiated the investigations. The Headley case is a peculiar choice for the administration to highlight as an example of the virtues of data-mining. The fact that the Mumbai attacks occurred, with such devastating effect, in itself suggests that the NSA's secret programmes were limited in their value as he was captured only after the event. Headley ... had been an informant working for the Drug Enforcement Administration perhaps as recently as 2005. There are suggestions that he might have then worked in some capacity for the FBI or CIA.

Note: For deeply revealing reports from reliable major media sources on the realities of intelligence agency activity, click here.


Daniel Ellsberg: ‘I’m sure that President Obama would have sought a life sentence in my case’
2013-06-05, Washington Post
Posted: 2013-06-18 13:28:28
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/05/daniel-ellsberg-im...

[Daniel] Ellsberg is one of the most outspoken critics of the Obama administration’s prosecution of leakers. Under President Obama’s tenure, the government has prosecuted six individuals for releasing classified information to media organizations. Ellsberg is particularly fierce in his support of Bradley Manning, a young soldier who released a large amount of classified information to WikiLeaks. Manning was arrested in 2010, and his military court-martial began this week. Ellsberg considers Manning a hero, and he argues that there is little difference between what Manning did in 2010 and what Ellsberg did four decades earlier. [Q.}: In a 1973 interview, you said that a “secondary objective” of releasing the Pentagon Papers was “the hope of changing the tolerance of Executive secrecy that had grown up over the last quarter of a century both in Congress and the courts and in the public at large.” How has that “tolerance of secrecy” changed over the last four decades? DE: There’s been very great tolerance that if the magic words “national security,” or the new words “homeland security” are invoked, Congress has given the president virtually a free hand in deciding what information they will know as well as the public. I wouldn’t count on the current court with its current makeup making the same ruling with the Pentagon Papers as they did 40 years ago. I’m sure that President Obama would have sought a life sentence in my case. Various things that were counted as unconstitutional then have been put in the president’s hands now. He’s become an elected monarch. Nixon’s slogan, “when the president does it, it’s not illegal,” is pretty much endorsed now.

Note: To see key quotes showing the amazing courage and dedication of Snowden, click here. For deeply revealing reports from reliable major media sources on the realities of intelligence agency activity, click here.


Connecting the Dots on PRISM, Phone Surveillance, and the NSA’s Massive Spy Center
2013-06-12, Wired Magazine
Posted: 2013-06-18 13:26:14
http://www.wired.com/threatlevel/2013/06/nsa-prism-verizon-surveillance

Long before Edward Snowden walked out of the NSA with his trove of documents, whistleblowers there had been trying for years to bring attention to the massive turn toward domestic spying that the agency was making. Last year in my Wired cover story on the enormous new NSA data center in Utah, Bill Binney, the man who largely designed the agency’s worldwide eavesdropping system, warned of the secret, nationwide surveillance. He told how the NSA had gained access to billions of billing records not only from AT&T but also from Verizon. I also wrote about Adrienne J. Kinne, an NSA intercept operator who attempted to blow the whistle on the NSA’s illegal eavesdropping on Americans following the 9/11 attacks. She [attempted and failed] to end the illegal activity with appeals all the way up the chain of command to Major General Keith Alexander. The deception by General Alexander is especially troubling. In my new cover story for Wired’s July issue ...I show how he has become the most powerful intelligence chief in the nation’s history. Never before has anyone in America’s intelligence sphere come close to his degree of power, the number of people under his command, the expanse of his rule, the length of his reign, or the depth of his secrecy. A four-star Army general, his authority extends across three domains: He is director of the world’s largest intelligence service, the National Security Agency; chief of the Central Security Service; and commander of the U.S. Cyber Command. As such, he has his own secret military, presiding over the Navy’s 10th Fleet, the 24th Air Force, and the Second Army.

Note: James Bamford, the author of this article, was the ABC producer responsible for breaking the story on Operation Northwoods, which proved a level of deception almost beyond belief at the very highest levels of the Pentagon. For more on this, click here. For deeply revealing reports from reliable major media sources on the realities of intelligence agency activity, click here.


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