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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.


Too Big To Bank There
2012-03-24, Wall Street Journal
Posted: 2012-04-02 20:54:35
http://online.wsj.com/article/SB10001424052702304724404577297711326667808.html

We have finally reached the point in our financial history where even bankers hate bankers. Last week, the Federal Reserve Bank of Dallas issued its 2011 annual report with a 34-page essay, "Why We Must End Too Big To Fail—Now." The report [dubs the nation's largest banks] "a clear and present danger to the U.S. economy." It begins with a letter from regional Fed president Richard Fisher. "More than half of banking industry assets are on the books of just five institutions," he complains. "They were a primary culprit in magnifying the financial crisis, and their presence continues to play an important role in prolonging our economic malaise." This is a member of the Federal Reserve itself — an institution that bears responsibility for our banking system devolving into an untenable oligarchy that buys off politicians, captures regulators and eats up our money. This is a member of the establishment saying Too-Big-To-Fail, or TBTF, must die. "The term TBTF disguised the fact that commercial banks holding roughly one-third of the assets in the banking system did essentially fail, surviving only with extraordinary government assistance," the essay reads. Their executives paid themselves fortunes to execute failed mergers and acquisitions and accumulate unimaginable piles of toxic debts. We saved them to save the financial system. But now we must break them up so they don't put us in this ridiculous situation again.

Note: For lots more from major media sources on the criminal practices of the biggest banks and financial firms and the collusion of government agencies, see our "Banking Bailout" newsarticles.


Fed Struggles with Perceptions of Transparency
2009-07-30, PBS
Posted: 2012-04-02 20:50:43
http://www.pbs.org/newshour/bb/business/july-dec09/federalreserve_07-30.html

PAUL SOLMAN, NewsHour economics correspondent: As the Federal Reserve moved rapidly and radically last year to prevent what it feared was an economic meltdown, it bailed out some institutions, but not others, forced mergers, [and] created hundreds of billions of dollars. The net result: increased suspicion of the Fed itself. That's nothing new. The 1913 act of Congress that established America's central bank was ... a compromise between government ... and private banking interests, which owned the 12 regional Fed branches. [All along,] some Americans have been suspicious of the Fed for operating above politics, too close to bankers, and behind closed doors. Simply Google "Federal Reserve." You encounter everything from skepticism to fear of conspiracy. NARRATOR: With the power to regulate the money supply is also the power to bring entire economies and societies to its knees. DONALD KOHN, Federal Reserve vice chairman: We bring information to bear from the private sector, from foreign governments and foreign central banks that they tell us in confidence about what's going on in their businesses. WILLIAM GREIDER, author, "Secrets of the Temple": You could say, "We have to have our meetings in secret because things will be said that are national security secrets, but we'll vet the transcript and release it four weeks later." Why not do that? SOLMAN: A House bill ... would give the Government Accountability Office the right to audit the Fed's interest rate decisions. Chairman Bernanke opposes it as compromising the Fed's independence.

Note: If you look at the top of any U.S. currency, you will see the words "Federal Reserve Note." U.S. dollars are issued and controlled by the Federal Reserve, which is privately owned, though subject to minimal federal oversight. To see just how much control the Federal Reserve has over the issuance of U.S. currency, see their webpage at this link. For lots more on hidden manipulations of the Federal Reserve, click here.


Does the Federal Reserve Have Too Much Power?
2012-03-26, PBS
Posted: 2012-04-02 20:48:34
http://www.pbs.org/newshour/businessdesk/2012/03/does-the-federal-reserve-hav...

Question: A group proposing a change in monetary policy based on the writings of Stephen Zarlenga (monetary.org) [argues] that the government should print the money, not the Fed or any other private body. H.R. 2990 proposed by Dennis Kucinich is based on these ideas. Are they reasonable to you? Paul Solman: As the Treasury borrows more and more money by issuing bonds and selling them to all comers, it commits itself, "with the full faith and credit" of the United States, to pay back its creditors in full. That means it will either raise taxes in the future or -- and this is the relevant point -- get the Fed to create more money by purchasing bonds on the open market. This is called "monetizing the debt." There's a legitimate case that the Fed has too much power, is insufficiently beholden to the people in what's supposed to be a democracy, since no one on the Fed is chosen by popular election and private bankers are heavily represented on its board. This has long been the argument of financial journalist William Greider, author of a major book on the Fed, "The Secrets of the Temple." Greider: "The idea of giving the Federal Reserve still greater power [is] dangerous. First of all it rewards failure. But secondly, it puts them in the position as arbiter of who shall fail and who shall succeed. It asks to be able to choose what are the 30 or 40 or 50 banks and industrial firms that it regards as systemic risks for the society and ... it will protect those from failure. The government stands behind them and the rest of us are on our own."

Note: If you look at the top of any U.S. currency bill, you will see the words "Federal Reserve Note." Thus, though U.S. dollars are printed by the Treasury, they are issued and controlled by the Federal Reserve, which is privately owned, though subject to minimal federal oversight. To see just how much control the Federal Reserve has over the issuance of U.S. currency, see their webpage at this link. For lots more on hidden manipulations of the Federal Reserve, click here.


George Soros on the Coming U.S. Class War
2012-01-23, Newsweek Magazine
Posted: 2012-04-02 20:46:30
http://www.thedailybeast.com/newsweek/2012/01/22/george-soros-on-the-coming-u...

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” [George] Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.” Soros draws on his past to argue that the global economic crisis is as significant, and unpredictable, as the end of Communism. To Soros, the spectacular debunking of the credo of efficient markets — the notion that markets are rational and can regulate themselves to avert disaster — “is comparable to the collapse of Marxism as a political system.” Understanding, he says, is key. “Unrestrained competition can drive people into actions that they would otherwise regret. The tragedy of our current situation is the unintended consequence of imperfect understanding. A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.” Still, Soros believes the West is struggling to cope with the consequences of evil in the financial world just as former Eastern bloc countries struggled with it politically. Is he really saying that the financial whizzes behind our economic meltdown were not just wrong, but evil? “That’s correct.”

Note: For lots more from major media sources on the criminal practices of the biggest banks and financial firms and the collusion of government agencies, see our "Banking Bailout" newsarticles.


Pope's visit to Mexico refocuses attention on narco-church relations
2012-03-22, The Guardian (One of the UK's leading newspapers)
Posted: 2012-04-02 20:43:59
http://www.guardian.co.uk/world/2012/mar/22/popes-visit-mexico-narco-church

Photographs of a plaque thanking [a drug cartel] kingpin for building [a] new modernist church with a 20-metre high metal cross ... caused a scandal when they were published in a national newspaper in October 2010. The scandal has faded but the plaque remains – an uncomfortable reminder of the influence of the drugs culture in the Mexican Catholic church. Narco-church relations are nothing new. In 1993 the leaders of the Tijuana cartel held a secret meeting with the papal nuncio in Mexico City as part of an effort to distance themselves from a chaotic shootout that had killed a cardinal. The meeting was brokered by a Tijuana priest who had received bountiful donations over the years. Pope Benedict [expressed] concern about such relations at the start of his papacy. But while the bishops have since periodically stressed that drug money can never be purified ... they have done little else. While the pope is expected to talk about the violence battering Mexico during his three-day visit ... observers believe he is unlikely to make more than a passing reference to corrosion of the church itself. In the meantime one cartel has sought to take propagandistic advantage of the visit. Banners signed by the Knights Templar cartel hung up around Guanajauto on Sunday welcomed the pope and promised to refrain from "acts of war" during his visit. That same cartel was suspected to be responsible for the appearance of 10 severed heads outside a slaughterhouse in another state on the same day.


Vatican Leaks Raise Questions Over Finances
2012-03-29, NPR
Posted: 2012-04-02 20:40:35
http://www.npr.org/2012/03/29/149614995/vatican-leaks-raise-questions-over-fi...

The Vatican has launched a rare criminal investigation to uncover who is behind leaks of highly sensitive documents that allege corruption and financial mismanagement in Vatican City. The documents also shed light on purported infighting over the Vatican Bank's compliance with international money-laundering regulations. A television show in late January on an independent network first revealed letters addressed last year to Pope Benedict XVI from the then-deputy governor of Vatican City, Archbishop Carlo Maria Vigano. Vigano complained of corruption within the church and protested orders to remove him from his post and send him to be the papal nuncio, or ambassador, to Washington. Under Vigano's watch, the Holy See balance sheet went from $10 million in the red to almost $45 million in the black in just 12 months. By being kicked upstairs, Vigano wrote, his efforts to clean up the Vatican would be stopped and would also tarnish the pontiff's image by bringing into question his resolve to establish transparency inside the Vatican. Italian authorities are investigating the origin of $33 million in Vatican funds deposited in Italian banks. The Italian media have reported that JP Morgan Chase is closing the Vatican Bank's account with its Milan branch because it felt the Holy See had failed to provide sufficient data on money transfers.

Note: The fact that JP Morgan is closing it's Vatican accounts is a major sign of the intense changes happening behind the scenes.


Vatican bank image hurt as JP Morgan closes account
2012-03-19, CNBC/Reuters
Posted: 2012-04-02 20:36:40
http://www.cnbc.com/id/46784687/Vatican_bank_image_hurt_as_JP_Morgan_closes_a...

JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported. The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering. The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud. The IOR, founded in 1942 by Pope Pius XII, handles financial activities for the Vatican, for orders of priests and nuns, and for other Roman Catholic religious institutions. The IOR was entangled in the collapse 30 years ago of Banco Ambrosiano, with its lurid allegations about money-laundering, freemasons, mafiosi and the mysterious death of Ambrosiano chairman Roberto Calvi - "God's banker". The IOR then held a small stake in the Ambrosiano, at the time Italy's largest private bank and investigators alleged that it was partly responsible for the Ambrosiano's fraudulent bankruptcy. Several investigations have failed to determine whether Calvi, who was found hanging under Blackfriars Bridge near London's financial district, killed himself or was murdered. The IOR denied any role in the Ambrosiano collapse but paid $250 million to creditors in what it called a "goodwill gesture".

Note: The fact that JP Morgan is closing it's Vatican accounts is a major sign of the intense changes happening behind the scenes.


Brother, Can You Spare $6 Trillion?
2012-02-18, New York Times
Posted: 2012-04-02 20:33:39
http://www.nytimes.com/2012/02/18/world/europe/italy-arrests-8-in-fake-us-tre...

The Italian police ... arrested eight people on charges related to the seizure of $6 trillion in fake United States Treasury bonds, in a mysterious scheme that stretched from Hong Kong to Switzerland to the southern Italian region of Basilicata. The value of the seized bonds is in the neighborhood of half of the United States’ entire public debt of $15.36 trillion, but only the uninitiated would have accepted them as real securities. Rather than counterfeit, they were what officials call fictitious, printed in 6,000 units of $1 billion each, a denomination that does not exist and the equivalent of $3 bills. The United States Embassy in Rome said its experts had examined the bonds, which bore the date 1934, and determined that they were fictitious and apparently part of a scheme intended to defraud Swiss banks. According to the Federal Reserve, such “fictitious instrument fraud” is increasingly common, and unwitting investors have been cheated of nearly $10 billion in recent years. In a common ploy, “criminals present fictitious financial instruments such as Federal Reserve notes, standby letters of credit, prime bank guarantees or prime bank notes in order to fraudulently collateralize loans,” the Federal Reserve says on its Web site. In 2009, Italian police seized phony United States Treasury bonds with a face value of $250 billion.

Note: There is a major problem with the claim that these are fake. If you were a counterfeiter and wanted to fake bonds, you would have to be out of your mind to fake them in denominations of $1 billion. As reported here, no one would ever dream of cashing them. For excellent research by David Wilcock suggesting that the bonds are real, and that this may be part of a huge, hidden manipulation, click here.


The Brain on Love
2012-03-24, New York Times
Posted: 2012-04-02 20:30:09
http://opinionator.blogs.nytimes.com/2012/03/24/the-brain-on-love

A relatively new field, called interpersonal neurobiology, draws its vigor from one of the great discoveries of our era: that the brain is constantly rewiring itself based on daily life. In the end, what we pay the most attention to defines us. How you choose to spend the irreplaceable hours of your life literally transforms you. All relationships change the brain — but most important are the intimate bonds that foster or fail us, altering the delicate circuits that shape memories, emotions and that ultimate souvenir, the self. Brain scans show synchrony between the brains of mother and child; but what they can’t show is the internal bond that belongs to neither alone, a fusion in which the self feels so permeable it doesn’t matter whose body is whose. Wordlessly, relying on the heart’s semaphores, the mother says all an infant needs to hear, communicating through eyes, face and voice. Thanks to advances in neuroimaging, we now have evidence that a baby’s first attachments imprint its brain. The patterns of a lifetime’s behaviors, thoughts, self-regard and choice of sweethearts all begin in this crucible. As a wealth of imaging studies highlight, the neural alchemy continues throughout life as we mature and forge friendships, dabble in affairs, succumb to romantic love, choose a soul mate. Loving relationships alter the brain the most significantly.


Corporations pay less in taxes than Buffett, Romney
2012-03-12, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2012-03-27 09:14:57
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/11/EDG91NILV9.DTL

Corporations pay a lower effective tax rate than Warren Buffett and Mitt Romney, but you wouldn't know it from all the complaints that our corporate tax rate puts our country at a competitive disadvantage. Despite an official corporate tax rate 35 percent, last year, U.S. corporations paid just 12.1 percent of their earnings in federal corporate income taxes. Buffett's tax rate is 17.4 percent; Romney's reported 2010 tax rate was 13.9 percent. Our broken tax system blesses U.S. multinational corporations with lots of loopholes that enable them to pay less in taxes than Main Street businesses. It has starved our government of revenue. Contrary to common perception, U.S. corporations pay far less toward the cost of public services and infrastructure than they did in decades past, and less than foreign competitors pay in their countries today. In the 1950s, corporate federal income taxes accounted for nearly one-third of federal government revenue; in 2011, corporate taxes accounted for less than 8 percent. U.S. corporate profits account for more than 10 percent of GDP, a 50-year high. Federal corporate income taxes collected as a percent of GDP are at a 50-year low. The challenge of corporate taxes and competitiveness is not that rates are too high, but that loopholes, preferences and subsidies make corporate tax collections far too low.

Note: For lots more from major media sources on corporate and government corruption, click here and here.


Pentagon says it has no records of bin Laden's death; CIA hasn't answered open records request
2012-03-15, Minneapolis Star Tribune/Associated Press
Posted: 2012-03-27 09:13:21
http://www.startribune.com/nation/142811145.html

Government officials have openly discussed details of the mission [to kill Osama bin Laden] in speeches, interviews and television appearances, but the administration won't disclose records that would confirm their narrative of that fateful night. The Associated Press asked for files about the raid in more than 20 separate [FOIA] requests, mostly submitted the day after bin Laden's death. The Pentagon told the AP this month it could not locate any photographs or video taken during the raid or showing bin Laden's body. It also said it could not find any images of bin Laden's body on the Navy aircraft carrier where the al-Qaida leader's body was taken. The Pentagon said it could not find any death certificate, autopsy report or results of DNA identification tests for bin Laden, or any pre-raid materials discussing how the government planned to dispose of bin Laden's body if he were killed. It said it searched files at the Pentagon, U.S. Special Operations Command in Tampa, Fla., and the Navy command in San Diego that controls the USS Carl Vinson, the aircraft carrier used in the mission. The Defense Department told the AP in late February it could not find any emails about the bin Laden mission or his "Geronimo" code name that were sent or received in the year before the raid by William McRaven, the three-star admiral at the Joint Special Operations Command who organized and oversaw the mission. It also could not find any emails from other senior officers who would have been involved in the mission's planning.

Note: WantToKnow team member Prof. David Ray Griffin, in his book Osama bin Laden: Dead or Alive?, lays out the extensive evidence that bin Laden died in December 2001, and that since that time Pentagon psyops had been keeping him "alive" with fake videos and audiotapes to maintain a crucial pretext for the ever-expanding "war on terror." Could it be that the Pentagon will produce no records of its purported "death raid" because in fact it will reveal major manipulations involving bin Laden's death?


Executive Order -- National Defense Resources Preparedness
2012-03-16, The White House
Posted: 2012-03-27 09:11:15
http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-nationa...

Section 101. Purpose. This order delegates authorities and addresses national defense resource policies and programs under the Defense Production Act of 1950. Sec. 103. General Functions. Executive departments and agencies ... responsible for plans and programs relating to national defense ... or for resources and services needed to support such plans and programs, shall: ... (c) be prepared, in the event of a potential threat to the security of the United States, to take actions necessary to ensure the availability of adequate resources and production capability, including services and critical technology, for national defense requirements; ... Sec. 310. Critical Items. The head of each agency engaged in procurement for the national defense is delegated the authority of the President ... to take appropriate action to ensure that critical components, critical technology items, essential materials, and industrial resources are available from reliable sources when needed to meet defense requirements during peacetime, graduated mobilization, and national emergency. Appropriate action may include restricting contract solicitations to reliable sources, restricting contract solicitations to domestic sources (pursuant to statutory authority), stockpiling critical components, and developing substitutes for critical components or critical technology items. [signed] BARACK OBAMA

Note: For analysis of this executive order issued by President Obama giving legal power to the executive office to take control of all national resources, public or private, in peacetime or in war, click here.


Safety worries shut down San Onofre nuclear plant
2012-03-16, San Francisco Chronicle/Associated Press
Posted: 2012-03-27 09:08:48
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/15/MNDR1NLDQ5.DTL

A nuclear reactor on the Southern California coast will remain shut down indefinitely while a team of federal inspectors determines why several relatively new tubes became so frail that tests found they could rupture and release radioactive water, a federal official said [on March 15]. The Unit 3 reactor at the San Onofre Nuclear Generating Station, located about 45 miles north of San Diego, was shut down as a precaution on Jan. 31 after a water leak from another tube in a massive steam generator. Since then, investigators have been looking into excessive wear found on steam generator tubes in the seaside plant and its twin, Unit 2, which has been offline for maintenance and refueling. The two huge steam generators at Unit 2, each containing 9,700 tubes, were replaced in fall 2009, and a year later in Unit 3 as part of a $670 million overhaul. The Nuclear Regulatory Commission dispatched a special, five-member team to Unit 3 ... after pressure tests showed three of the metal-alloy tubes had become so degraded that they could rupture under some circumstances. Such ruptures can require a plant to shut down, if spewing water reaches 150 gallons a day. According to the NRC, the tubes have an important safety role because they represent one of the primary barriers between the radioactive and non-radioactive sides of the plant. If a tube breaks, radioactivity from the system that pumps water through the reactor could escape into the atmosphere.

Note: For key reports from reliable sources on the dangers of nuclear power, click here.


Fugitives from justice: Roman Catholic priests
2012-03-11, Chicago Tribune
Posted: 2012-03-27 09:07:15
http://media.apps.chicagotribune.com/fugitives/priests.html

Few clergy who fled the U.S. after being accused of sexual abuse of minors have been returned to face the charges. Since 1985, at least 32 Roman Catholic priests have left the United States for foreign countries while facing criminal charges or a police investigation over allegations that they sexually assaulted or abused minors, according to federal warrants, news reports and law enforcement sources. Only five have been returned to the U.S. to face trial; some died abroad. The number of fugitive priests grows by more than two dozen if it includes those who left the country while facing internal church probes or civil allegations of child sex misconduct, instead of a criminal investigation, and those who were transferred to foreign countries by church authorities before or after allegations surfaced. Many have maintained their innocence. Authorities also have pursued religious leaders from other faith traditions who fled the U.S. amid abuse allegations.

Note: This extensive, multi-part report includes detailed stories on individual priests who have fled justice, and photos of many such fugitives, as well as other types of fugitive criminals. For key reports from reliable sources on sexual abuse scandals, click here.


Sandusky labeled 'likely pedophile' in 1998 report
2012-03-24, MSNBC
Posted: 2012-03-27 09:03:11
http://today.msnbc.msn.com/id/46843083/ns/today-today_people

More than a decade before former Penn State coach Jerry Sandusky was charged with more than 50 counts of child sex abuse, a psychologist warned university police that his actions fit that of a “likely pedophile’s pattern.” The finding by State College, Pa., psychologist Dr. Alycia A. Chambers, the therapist for one of Sandusky’s alleged victims, was contained in the internal Penn State files of a 1998 police investigation of the former coach. Chambers’ detailed report is potentially significant because it was the first clear warning about the former Penn State coach’s actions – nearly four years before a then-graduate assistant, Mike McQueary, reported to the late Coach Joe Paterno and other top school officials that he had found Sandusky in the Penn State showers one evening with [a] young boy, engaged in what he viewed as sexual contact. In her interview with NBC News, Chambers described her anguish when she was contacted by police last year and learned that authorities were again investigating Sandusky for allegedly molesting multiple other boys, 13 years after she first raised her concerns. “I was horrified to know that there were so many other innocent boys who had their hearts and minds confused, their bodies violated,” said Chambers. “It’s unspeakable.”

Note: For key reports from reliable sources on sexual abuse scandals, click here.


MF Global Still Set to Pay Bonuses
2012-03-12, Wall Street Journal
Posted: 2012-03-27 09:00:43
http://online.wsj.com/article/SB10001424052970203961204577269841477216320.html

Three top executives of MF Global Holdings Ltd. when it collapsed could get bonuses of as much as several hundred thousand dollars each under a plan by a trustee overseeing the securities firm's bankruptcy case. Louis Freeh, the former Federal Bureau of Investigation director now in charge of unwinding what is left of the New York company, is expected to ask a bankruptcy-court judge as soon as this month to approve performance-related payouts for the chief operating officer, finance chief and general counsel at MF Global. Under the expected pay plan, the three executives and as many as 20 other MF Global employees working for Mr. Freeh would get the bonuses only if they hit specified targets such as increasing the value of MF Global's estate for creditors. The bonus plan could face fierce resistance. One reason: Criminal and civil investigators are scrutinizing the role of top executives and others at MF Global in money transfers that resulted in a $1.6 billion shortfall in customer accounts. So far, many hedge funds, farmers and other investors who bought and sold through MF Global have gotten about 72 cents out of every $1 held by the firm when it collapsed. Hopes for additional recoveries have dimmed as the probe grinds on. Neal Wolkoff, a former executive at the New York Mercantile Exchange who now works as a consultant, said it "is shocking" that Messrs. Abelow and Steenkamp still work at MF Global and could earn bonuses "because it represents a conflict of interest."

Note: For an abundance of major media articles revealing major financial manipulations, click here.


Goldman Sachs is latest to hear wrath of ex-worker
2012-03-16, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2012-03-27 08:58:53
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/16/BUNA1NKMIE.DTL

The Goldman Sachs executive who didn't so much burn as firebomb his career bridges with a poisonous resignation letter in the New York Times wasn't the only former employee to go on a publicized rant this week. A couple of days earlier, James Whittaker, an engineering director at Google who recently moved to Microsoft, took direct aim at the Mountain View search giant in a blog post arguing that the company has lost its way in the desperate quest to funnel users into its social network. Later that day, in an opinion piece on Wired.com, Andy Baio assailed Yahoo's patent-infringement suit against Facebook ... calling it "extortion" and a betrayal of employees. Obviously these parting shots carried extra weight coming from onetime senior, internal sources. While it's hard to draw broad conclusions about the criticisms, we can safely draw some narrow ones: Goldman Sachs should stop being an awful, awful corporate citizen (but then we've known that). Google shouldn't undermine its culture and core product in search of the next big thing. And Yahoo should drop this embarrassing lawsuit over bogus patents and get to work on real innovation. Alas, the conclusion most companies will probably draw from these episodes is that they need to toughen up their nondisclosure agreements.

Note: For revealing reports from reliable sources on corruption and criminality at the biggest financial corporations, click here. For lots more on corporate corruption, click here.


In R-rated world, 'Bully' deserves to be heard
2012-03-16, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2012-03-27 08:57:13
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/16/DD3E1NL98D.DTL

Nobody connected with the documentary "Bully," from filmmaker Lee Hirsch to the Weinstein Co.'s Harvey Weinstein, could possibly be surprised by the film's getting an R rating from the MPAA. If even I know that two f-words will almost always get you an automatic R rating from the Motion Picture Association of America, then Weinstein, who knows a few things about making movies, certainly knew it, too. Nor is there any question that things could not have worked out better for "Bully" had they planned it - so they probably did plan it. The outrage over the R rating for this documentary, about kids getting bullied in school, is the absolute best publicity that a distributor could hope for. Documentaries are like the literary novel of the movie world - lots of respect but a limited audience. Now this movie has become a cause and will be seen by everybody. "Bully," which exposes the horrible bullying that millions of kids are subjected to and that our schools and institutions tolerate, initially received an R rating on the basis of its "language." Weinstein and one of the kids depicted in the film made a personal appeal to the MPAA board, but the R rating was upheld by a single vote. In a country in which kids are coming home beaten up or demoralized, and in which social media have become the ultimate goon squad to browbeat, intimidate and humiliate the young and delicate among us, the MPAA needs to reverse its decision. But whatever they do, the good news is that they've all but guaranteed that "Bully" will find an audience.

Note: To learn about Challenge Day, the amazing organization which put bullying on the map, click here. A documentary on their transformative work won and Emmy award. You can watch powerful clips of this moving documentary at the link just given.


A Drumbeat on Profit Takers
2012-03-20, New York Times
Posted: 2012-03-27 08:55:00
http://www.nytimes.com/2012/03/20/science/a-drumbeat-on-profit-takers.html

Dr. Arnold S. Relman [is] 88; Dr. Marcia Angell, 72. But their voices are as strong as ever. Colleagues for decades, late-life romantic partners, the pair has occasionally, wistfully, been called American medicine’s royal couple. In fact, controversy and some considerably less complimentary labels have dogged them as well. From 1977 to 2000, one or both of them filled top editorial slots at The New England Journal of Medicine as it grew into perhaps the most influential medical publication in the world, with a voice echoing to Wall Street, Washington and beyond. Many of the urgent questions in the accelerating turmoil surrounding health care today were first articulated during their tenure. Or, as Dr. Relman summarized one recent afternoon ..., Dr. Angell nodding in agreement by his side: “I told you so.” Their joint crusade ... is against for-profit medicine, especially its ancillary profit centers of commercial insurance and drug manufacture — in Dr. Relman’s words, “the people who are making a zillion bucks out of the commercial exploitation of medicine.” Some have dismissed the pair as medical Don Quixotes, comically deluded figures tilting at benign features of the landscape. Others consider them first responders in what has become a battle for the soul of American medicine.

Note: For a powerful summary of Dr. Marcia Angell's critique of corruption in the medical industry, click here.


Cage Vs. Free Range Eggs
2012-02-01, National Geographic
Posted: 2012-03-27 08:51:23
http://greenliving.nationalgeographic.com/cage-vs-range-eggs-2872.html

Egg-laying hens confined to cages do not have space to move, stretch or engage in natural behaviors, which causes them to engage in repetitive or destructive behaviors, such as feather-pulling or pecking at their neighbors. Caged hens show more fearful behavior and become prone to skeletal problems because of captivity. Because free-range hens are allowed outdoor access, more space to move around and more opportunities to engage in natural behaviors, free-range eggs are generally regarded as a more humane alternative to conventionally produced eggs. Large numbers of animals confined in small spaces, as seen in conventional egg-production facilities, pollute the air, water and soil with the vast amounts of manure they produce. Animal-based agriculture doesn't have to create a liability for the environment. In his 2006 book, The Omnivore's Dilemma, Michael Pollan described poultry farms where rotating pastured poultry among fields provided enough manure to boost the nutrient levels in the soil without becoming toxic. At the same time, the chickens helped to control pests. In addition to being healthier for the planet, free-range eggs are often healthier for you too. In 2007, Mother Earth News collected nutritional data from the eggs produced by 14 flocks of free-range pastured hens and compared that with data provided by the USDA for conventional eggs. The study revealed that the free-range eggs, on average, contained one-third less cholesterol and one-quarter less saturated fat, in addition to higher levels of vitamin A, beta-carotene, vitamin E and omega-3 fatty acids.


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