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.
The International Criminal Court condemned a Congolese warlord to 14 years in prison on [July 10], the first time the 10-year-old tribunal has sentenced a convicted war criminal and a potential landmark in the struggle to protect children caught up in violent conflicts. Judges found Thomas Lubanga guilty in March of recruiting and using children in his Union of Congolese Patriots militia — sending them to kill and be killed during fighting in Congo’s eastern Ituri region in 2002-2003. Human rights activists hailed the decision. “This sentence sends out a stark warning across the world to those engaged in the use of child soldiers that their criminal actions will land them in prison,” said Armel Luhiriri of the Coalition for the ICC, a non-government group that supports the court and its efforts to end impunity for the world’s worst crimes. Prosecutors are considering whether to appeal the sentence as too low. Franck Mulenda, a legal representative for 140 victims in the case, welcomed the sentence. “It is very important. It consoles the victims,” he said outside court. The court should now order reparations for former child soldiers, “so they can get back their education and their place in society,” Mulenda said. Rights activists say Lubanga’s militia and other warring parties in Ituri engaged in widespread rape.
Note: For reports from reliable major media sources on war crimes, click here.
After years of following the paper trail of $51 billion in U.S. taxpayer dollars provided to rebuild a broken Iraq, the U.S. government can say with certainty that too much was wasted. But it can't say how much. In what it called its final audit report, the Office of the Special Inspector General for Iraq Reconstruction Funds ... spelled out a range of accounting weaknesses that put "billions of American taxpayer dollars at risk of waste and misappropriation" in the largest reconstruction project of its kind in U.S. history. "The precise amount lost to fraud and waste can never be known," the report said. The office has spent more than $200 million tracking the reconstruction funds, and in addition to producing numerous reports, his office has investigated criminal fraud that has resulted in 87 indictments, 71 convictions and $176 million in fines and other penalties. These include civilians and military members accused of kickbacks, bribery, bid-rigging, fraud, embezzlement and outright theft of government property and funds. Of the $51 billion that Congress approved for Iraq reconstruction, about $20 billion was for rebuilding Iraqi security forces and about $20 billion was for rebuilding the country's basic infrastructure.
Note: For lots more from reliable major media sources on government corruption, click here.
One of the world's deadliest businesses - the $55 billion-per-year arms trade - prefers to operate in the shadows. Bananas, cold pills and truck tires come with more market rules and international norms. This shameful gap could be filled by a United Nations agreement nearing completion in New York. The Arms Trade Treaty would require signatory countries to abide by clear rules on the import, export and transfer of weapons, ranging from small arms to air-defense systems. The aim is to bring a lethal, back-alley game into the open and curb sales to brushfire wars and terrorist groups. Think of Syria, Sudan and Somalia as prime examples where outside guns, tanks or helicopters are killing thousands. Governments, militias and guerrilla movements with the cash can buy virtually anything through brokers with the right connections. The United States, as the top seller of arms, has a special duty to improve this patchwork system. The Obama administration has pushed for approval of the treaty, a healthy break from the Bush White House, which favored a country-by-country approach that achieved little. But don't think this treaty is a slam-dunk. Gun-rights groups such as the National Rifle Association bristle at any mention of weapons controls and see the treaty as a threat to domestic gun ownership. It's nothing of the sort, and State Department negotiators have made Second Amendment guarantees an absolute "red line" in talks.
Note: For lots more from reliable major media sources on government corruption, click here.
For four decades, from 1929 until 1971, a Monsanto plant in West Anniston produced chemicals called PCBs, polychlorinated biphenyls. Somehow – even today no one is quite sure how – the chemicals got into the soil and waterways. As the Environmental Protection Agency's oversight of the cleanup of this neighborhood stretches into its eighth year, new research has linked PCBs exposure to a high rate of diabetes in this community of about 4,000 people, nearly all African American and half living in poverty. It's the latest chapter in a saga that this poverty-stricken, powerless community feels has dragged on far too long. PCBs were one of the most widely used industrial substances on Earth until they were banned in the United States, and most other developed countries, in the late 1970s. PCBs are stubborn chemicals. They persist in soil and sediment for decades, perhaps centuries, and are locked away in the fatty tissues of animals, building up in food webs. Seventy percent of all the PCBs ever made are still in the environment. In Anniston, class action lawsuits were filed and settled. The national media came and went. Monsanto split up and left town. Some residents took buyouts and moved. Other houses were abandoned and with fenced off. In 2003, Solutia and Monsanto paid a $600 million settlement to more than 20,000 people based on their exposure to PCBs. An additional $100 million was to be spent on cleanup and other programs. Anniston’s PCBs contamination qualifies as a Superfund site, making it one of the most contaminated places in the country.
Organic food has become a wildly lucrative business for Big Food and a premium-price-means-premium-profit section of the grocery store. The industry’s image — contented cows grazing on the green hills of family-owned farms — is mostly pure fantasy. Or rather, pure marketing. Big Food, it turns out, has spawned what might be called Big Organic. Bear Naked, Wholesome & Hearty, Kashi: All three and more actually belong to the cereals giant Kellogg. Naked Juice? That would be PepsiCo, of Pepsi and Fritos fame. And behind the pastoral-sounding Walnut Acres, Healthy Valley and Spectrum Organics is none other than Hain Celestial, once affiliated with Heinz, the grand old name in ketchup. Over the past decade, since federal organic standards have come to the fore, giant agri-food corporations like these and others — Coca-Cola, Cargill, ConAgra, General Mills, Kraft and M&M Mars among them — have gobbled up most of the nation’s organic food industry. Pure, locally produced ingredients from small family farms? Not so much anymore. Many consumers may not realize the extent to which giant corporations have come to dominate organic food. Then again, giant corporations don’t exactly trumpet their role in the industry. Their financial motivation, however, is obvious. Between the time the Agriculture Department came up with its proposed regulations for the organic industry in 1997 and the time those rules became law in 2002, myriad small, independent organic companies — from Honest Tea to Cascadian Farm — were snapped up by corporate titans. Heinz and Hain together bought 19 organic brands.
In recent years, the grocery industry has seen sales of natural and organic food double in supermarkets such as Kroger ..., one of the largest mainstream grocers in the nation. "Used to be this was all very faddish," said Gregg Proctor, who heads up natural foods for Kroger's central division, which includes Indiana. "Not anymore. We're adding new items constantly because if we don't get it when it comes out, our competition will." There seems to be a race to pure foods among the nation's largest supermarkets as they ramp up their offerings, even launch their own brands of organics and naturals, and then heavily advertise the healthy choice. It all makes sense, considering sales of this segment of groceries are outpacing traditional grocery sales. Nationwide, natural and organic food sales grew 8 percent in 2010 versus the less than 1 percent growth in the $630 billion total U.S. food market, according to the Nutrition Business Journal. It grew at about a 5 percent rate each year from 2005 to 2009. With that growth and popularity comes a definite consumer advantage: Slowly but surely, the price of natural foods is falling. Inside more than 1,300 of Kroger's 2,500 stores are Nature's Markets, a store within the store that is devoted solely to natural foods. Natural foods are not regulated, which leaves the meaning of that term largely up to the grocers that sell them.
A word of caution about the Model S, Tesla Motors' new electric sedan: The S stays smooth and silent, even when it's flying down the highway. Absent gears, engine noise or any vibration that doesn't originate with a pothole, it's absurdly easy for Model S drivers to shred speed limits without the slightest clue. Depending on the range of the battery pack and other options, Model S prices range all the way from $57,400 to $105,400 before state and federal incentives. The Model S functions much like a typical, automatic transmission sedan. But it's not quite the same. Put the car in drive and take your foot off the brake pedal, for example, and the S doesn't go anywhere. It just sits there until you touch the accelerator. Push the accelerator, and the car responds instantly. There's no sense of an engine laboring to pick up speed. Like other electric vehicles, the Model S uses regenerative braking. The brakes capture some of the moving car's kinetic energy, convert it to electricity and use it to recharge the battery while you drive. It's one of the ways a Model S with the most expensive battery pack option can drive more than 300 miles without plugging in. With the Model S, the regenerative braking starts the moment you ease off the accelerator pedal. The drop in speed is so pronounced that the car's brake lights will go on, even before you touch the brake pedal itself. It feels almost like having two separate braking systems working at the same time.
Note: For lots more inspiring reports from reliable major media sources on new automotive and alternative energy technologies, click here.
In between Chase Manhattan Bank and Vinny, who will break your legs if you don't repay your loan, lie new and novel online lenders that act more like dating services than banks. They match people wanting money with others who have money to lend. The two biggest such 'peer-to-peer' lenders, LendingClub.com and Prosper.com, offer borrowers lower rates than banks, and offer investors a better return than they could get from putting their money in a CD. Both companies are headquartered in the San Francisco Bay area, and both are licensed in most states. Rates and rules for the two are similar. While investors' money does not enjoy the FDIC protection it would have at a bank, it enjoys a better than 10% return. Plus, lenders can diversify their risk by dividing their investment, if they want, across hundreds of different loan accounts in increments as small as $25. At LendingClub, a borrower with a good credit rating can expect to pay an interest rate five percentage points lower than at a bank. Since its start in 2007, LendingClub has funded nearly $204 million worth of loans and has paid over $15.6 million to its investors.
Note: For those who want to borrow or loan money free of the banks with excellent rates, check out www.lendingclub.com/ and www.prosper.com.
The Libor scandal has confirmed what many of us have known for some time: There is something smelly in the London financial world and the stench is now overwhelming. The Financial Services Authority report [made it] clear just how widespread, how blatant was the fixing of the benchmark interest rate Libor and Euribor by Barclays. Brazen is the only word for it. The emails and phone calls reveal that on dozens of occasions those who stood to gain by the decisions asked for favors (and got them) from those who helped set the interest rates. And all the time the world believed Libor was somehow a barometer of what banks were lending to each other. It wasn't. It was the rate at which a bank was prepared to corrupt the money markets for its own narrow, venal gain. It is the way the traders, the rate submitters -- everyone involved in this cesspit -- [were] running to do wrong which makes it so egregious. With one or two feeble exceptions, no one ever seemed to stop and say "this is against the rules." Or, heaven forbid, "this is wrong." I have no doubt that Barclays wasn't the only one up to this. The FSA report makes it clear that other traders were putting pressure on their rate setters too. Libor and its cousin Euribor are the rates used to determine hundreds of trillions of dollars worth of highly specialized financial contracts called derivatives. Businesses and household loans are set by this benchmark. It is the backbone of the financial world and now it has been proven to be bent and crooked.
Note: For an incredibly incisive interview between Eliot Spitzer, Matt Taibbi, and a top banking expert on how the LIBOR scandal undermines the integrity of all banking, click here. For astounding news on the $700 trillion derivatives bubble, click here. For a treasure trove of reliable reports on the criminality and corruption within the financial and banking industries, click here.
An anonymous insider from one of Britain's biggest lenders ... explains how he and his colleagues helped manipulate the UK's bank borrowing rate. Neither the insider nor the bank can be identified for legal reasons. It was during a weekly economic briefing at the bank in early 2008 that I first heard the phrase. A sterling swaps trader told the assembled economists and managers that "Libor was dislocated with itself". What the trader told us was that the bank could not be seen to be borrowing at high rates, so we were putting in low Libor submissions, the same as everyone. How could we do that? Easy. The British Bankers' Association, which compiled Libor, asked for a rate submission but there were no checks. The trader said there was a general acceptance that you lowered the price a few basis points each day. According to the trader, "everyone knew" and "everyone was doing it". There was no implication of illegality. After all, there were 20 to 30 people in the room – from management to economists, structuring teams to salespeople – and more on the teleconference dial-in from across the country. The discussion was so open the behaviour seemed above board. In no sense was this a clandestine gathering. Libor had dislocated with itself for a very good reason – to hide the true issues within the bank.
Note: For an incredibly incisive interview between Eliot Spitzer, Matt Taibbi, and a top banking expert on how the LIBOR scandal undermines the integrity of all banking, click here. For a treasure trove of reliable reports on the criminality and corruption within the financial and banking industries, click here.
Wall Street has already watered down or delayed most of Dodd-Frank [financial reform act]. Now it wants to create a giant loophole, exempting its foreign branches from the law. Yet the overseas branches of Wall Street banks are where the banks have done some of their wilder betting. Four years ago, bad bets by American International Group's London office nearly unraveled the U.S. financial system. When the Commodity Futures Trading Commission, the main regulator of derivatives (bets on bets), recently proposed extending Dodd-Frank to the foreign branches of Wall Street banks, the banks screamed. "If JPMorgan overseas operates under different rules than our foreign competitors," warned Jamie Dimon, chairman and CEO of JPMorgan, Wall Street will lose financial business to the banks of nations with fewer regulations, allowing "Deutsche Bank to make the better deal." This is the same Jamie Dimon who chose London as the place to make highly risky derivatives trades that have lost the firm upward of $2 billion so far - and could leave American taxpayers holding the bag if JPMorgan's exposure to tottering European banks gets much worse. JPMorgan's risky betting in London is added proof that unless the overseas operations of Wall Street banks are covered by U.S. regulations, giant banks will hide irresponsible bets overseas. Squadrons of Wall Street lawyers and lobbyists have been pressing all the agencies charged with implementing Dodd-Frank to go easy on the Street.
Note: The author of this article, Robert Reich, is former U.S. secretary of labor, professor of public policy at UC Berkeley and the author of Aftershock: The Next Economy and America's Future. He blogs at www.robertreich.org.
The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report. The report ... said the discounts — from January 1996 to June 2008 — were not only aimed at gaining influence for the company but to help mortgage giant Fannie Mae. Countrywide's business depended largely on Fannie, which ... was responsible for purchasing a large volume of Countrywide's subprime mortgages. "Documents and testimony obtained by the committee show the VIP loan program was a tool used by Countrywide to build goodwill with lawmakers and other individuals positioned to benefit the company," the report said. "In the years that led up to the 2007 housing market decline, Countrywide VIPs were positioned to affect dozens of pieces of legislation that would have reformed Fannie" and its rival Freddie Mac, the committee said. The Justice Department has not prosecuted any Countrywide official, but the House committee's report said documents and testimony show that Mozilo and company lobbyists "may have skirted the federal bribery statute by keeping conversations about discounts and other forms of preferential treatment internal. Rather than making quid pro quo arrangements with lawmakers and staff, Countrywide used the VIP loan program to cast a wide net of influence."
Note: For a treasure trove of reliable reports on the criminality and corruption within the financial and banking industries, click here.
The nuclear accident at Fukushima was a preventable disaster rooted in government-industry collusion and the worst conformist conventions of Japanese culture, a parliamentary inquiry [has] concluded. The report, released by the Fukushima Nuclear Accident Independent Investigation Commission, challenged some of the main story lines that the government and the operator of the Fukushima Daiichi Nuclear Power Plant have put forward. Most notably, the report said the plant’s crucial cooling systems might have been damaged in the earthquake on March 11, 2011, not only in the ensuing tsunami. That possibility raises doubts about the safety of all the quake-prone country’s nuclear plants just as they begin to restart after a pause ordered in the wake of the Fukushima crisis. “It was a profoundly man-made disaster — that could and should have been foreseen and prevented,” said Kiyoshi Kurokawa, the commission’s chairman, in the report’s introduction. “And its effects could have been mitigated by a more effective human response.” The 641-page report criticized Tepco as being too quick to dismiss earthquake damage as a cause of the fuel meltdowns at three of the plant’s six reactors, which overheated when the site lost power. Tepco has contended that the plant withstood the earthquake that rocked eastern Japan, instead placing blame for the disaster on what some experts have called a “once in a millennium” tsunami that followed.
Note: For lots more from reliable major media articles on corruption in the nuclear power industry, click here.
The head of Germany's domestic intelligence service resigned on [July 2] after admitting that his agency had shredded files on a neo-Nazi cell whose killing spree targeting immigrants rocked the country late last year. Heinz Fromm's resignation is the latest in a series of embarrassing setbacks for Germany's security services over their handling of the "National Socialist Underground" (NSU), which went undetected for more than a decade despite its murder of 10 people, mostly ethnic Turkish immigrants. German lawmakers said there was no suggestion that Fromm had ordered the destruction of the files but that he was taking responsibility for others' failures. German media have said an official working in the intelligence agency is suspected of having destroyed files on an operation to recruit far-right informants just one day after the involvement of the NSU in the murders became public. Fromm told the Spiegel weekly that the shredding of files in the case had done "grave damage to the reputation" of his agency, known in Germany as the Federal Office for the Protection of the Constitution. Germans, burdened by their Nazi past, were mortified by last year's news that three neo-Nazis had been behind the killings of eight ethnic Turks, an ethnic Greek and a police officer in a period running from 2000 to 2007. The NSU cell's culpability only came to light after two of the neo-Nazis committed suicide following a botched bank robbery last autumn.
Note: For insightful reports from reliable major media articles on the dark operations of intelligence agencies, click here.
Nearly 70 percent of voters think super PACs should be outlawed, and more than half “strongly” do. We can hardly believe that the billionaire brothers David and Charles Koch will spend more this year than John McCain’s entire presidential campaign raised in 2008. We can’t stand the constant flood of negative ads on every channel or the ominous anonymity of the interests behind them. The Roberts Court sees all this and refuses to acknowledge that it “give[s] rise to corruption or the appearance of corruption.” Fortunately, if on the question of campaign finance the Supreme Court is immune to the court of public opinion, progressives are fighting through other avenues to transform today’s corrupt system into one that is fair, transparent and participatory. In [the] state of New York, Attorney General Eric Schneiderman has launched a path-breaking investigation of tax-exempt groups that might be fraudulently funneling funds into politics, including a “charitable foundation” affiliated with the U.S. Chamber of Commerce. Meanwhile, New York Gov. Andrew Cuomo is partnering with Protect Our Democracy ... to apply the same successful, grass-roots pressure they used in getting same-sex marriage passed to our campaign finance system. They have joined with citizen activists who are looking to New York City’s successful, multiple-match public financing system. A Brennan Center for Justice study showed that this system promoted diversity among candidates and donors and reduced the influence of corporate money.
Note: For key reports from major media sources on problems with US elections, click here.
For the past 10 years an unlikely coalition of geologists, oil drillers, bankers, military strategists and environmentalists has been warning that peak oil – the decline of global supplies – is just around the corner. We had some strong reasons for doing so: production had slowed, the price had risen sharply, depletion was widespread and appeared to be escalating. The first of the great resource crunches seemed about to strike. Some of us made vague predictions, others were more specific. In all cases we were wrong. Peak oil hasn't happened, and it's unlikely to happen for a very long time. ["Oil - The Next Revolution"] by the oil executive Leonardo Maugeri, published by Harvard University, provides compelling evidence that a new oil boom has begun. The constraints on oil supply over the past 10 years appear to have had more to do with money than geology. The low prices before 2003 had discouraged investors from developing difficult fields. The high prices of the past few years have changed that. Maugeri's analysis of projects in 23 countries suggests that global oil supplies are likely to rise by a net 17m barrels per day (to 110m) by 2020. This, he says, is "the largest potential addition to the world's oil supply capacity since the 1980s". The investments required to make this boom happen depend on a long-term price of $70 a barrel – the current cost of Brent crude is $95. Money is now flooding into new oil: a trillion dollars has been spent in the past two years; a record $600bn is lined up for 2012.
The Trans-Pacific Partnership (TPP) may soon be an acronym as recognizable as NAFTA — but this free trade venture could have much more economic strength and impact than its North American predecessor. The Trans-Pacific Partnership is a free trade deal aimed at further expanding the flow of goods, services and capital across borders. Its four founding members — New Zealand, Chile, Singapore and Brunei – soon caught the attention of five other nations: the United States, Australia, Peru, Vietnam and Malaysia, who joined in 2008. The nine partners currently have a combined GDP of more than $17 trillion. Canada and Mexico are now being considered for membership, subject to the approval of the nine countries already involved. Add to this the possibility that Japan could join the TPP, despite mounting protests in that country, and the economic and political traction of the group increases. In fact, the TPP could become the world's largest free-trade zone. "It's really a trade agreement for the one per cent and their corporate interests," said Maude Barlow, the National Chairperson of the Council of Canadians, which opposed and continues to criticize NAFTA. "This is not going to be a good deal for Canadians."
Note: A later Toronto Star article reveals that the agreements of the TPP are secret.
If there was a second gunman in Sen. Robert F. Kennedy's assassination, who was it? Lawyers for convicted assassin Sirhan Sirhan claim their client did not fire any of the gunshots that struck the presidential candidate in 1968. And in their latest federal court filing, they also rule out another man some have considered a suspect -- a private security guard named Thane Eugene Cesar, who was escorting Kennedy at the time he was shot. Attorneys William Pepper and Laurie Dusek insist someone other than their client, Sirhan, fatally shot Kennedy. They now say the real killer was not Cesar, a part-time uniformed officer long suspected by some conspiracy theorists of playing a sinister role in the senator's murder. Pepper and Dusek made the claim in papers submitted to a U.S. District Court in Los Angeles late last month. Pepper and Dusek are trying to win Sirhan immediate freedom or a new trial based on what they call "formidable evidence" of his innocence and "horrendous violations" of his rights. The New York attorneys argue that two guns were fired in the assassination, that Sirhan's revolver was not the gun that shot Kennedy and that Sirhan was not responsible for his actions at the Ambassador. Instead, the defense lawyers insist conspirators programmed Sirhan through hypnosis to fire shots as a diversion for the real assassin in Kennedy's murder.
Note: To watch a CNN video clip of this news, click here. For powerful, verifiable evidence that the CIA was creating Manchurian Candidates who would assassinate people without even realizing what they were doing, click here.
Gerard Mannix Flynn's blazing indictment of the nationwide, decades-long abuse of institutionalized schoolchildren in Ireland, titled "James X," is remarkable and should not be missed. He lays bare the soul of a middle-aged adult, James O'Neill, who spent the bulk of his childhood being abused by every state-sponsored, often Roman Catholic-run institution to which he was sent, initially at age 6 for not attending school. From there, uncaring judges repeatedly sent him to increasingly harsh, punitive institutions without caring what happened to him. The shocking true story ... has the tragically familiar ring of current U.S. headlines about trusted school authorities charged with sexually abusing boys in their care for decades. The willful blindness of Irish officials and society at large, unwilling to confront the church that rules their lives, is even more appalling. With great physical and emotional artistry, Flynn enacts James' attempts to reclaim his own story by telling it for the first time, hoping to release his own soul with the truth at last. Many of the nuns, Christian brothers and priests, psychiatrists and jailers who dealt with him over the years either neglected or abused him harshly, as they did with the other children. He was tortured physically, sexually and emotionally, even deemed "criminally insane" at one point, and beaten so badly by one Christian brother that he required surgery.
Note: Hopefully this important play will be made into a movie. For important revelations from reliable major media news articles on institutional child abuse, click here. For a riveting Discover Channel documentary exposing a sophisticated child sex abuse ring which leads to he highest levels of government, click here.
For nearly 20 years, [documentarian James] Fox traveled across the world in pursuit of the truth regarding UFOs. He directed and produced three films on the subject and in 2007 orchestrated an event, with help from journalist Leslie Kean (Coalition for Freedom of Information), which to this day is hailed as the most credible civilian effort of disclosure on UFOs in history. Fox assembled 14 speakers, including two retired generals and several other military officers, a former governor, civilian pilots and government scientists from seven countries (Belgium, Chile, France, Iran, Peru, U.K. and the U.S.) at the National Press Club in Washington, D.C., to give firsthand testimonies on their encounters/investigations with UFOs. He is convinced not only that UFOs are real, but that governments have concealed information on this subject from the public for more than 60 years. For the first time ever, Fox takes his personal experiences, contacts and expertise on the road with National Geographic Channel’s new series, Chasing UFOs. His nonthreatening conversational style of interviewing, open mind and unbiased reputation have given him unfettered access to witnesses, government documents and cases from around the world. If Fox doesn’t know a case, he’s friends with someone who does. James Fox firmly believes the truth is out there, and it’s a personal journey for him to share the facts with the world.
Note: For what may be James Fox's best documentary on UFOs, watch the incredibly well-produced Out of the Blue, available at this link. For reliable information on UFOs check out our UFO Information Center.
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.