News StoriesExcerpts of Key News Stories in Major Media
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"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thomas Jefferson, 1816. When Thomas Jefferson spoke those words, banks were local and very small compared with the financial behemoths of today. Banks are more dangerous now than in Jefferson's time, and they are totally out of control. During the Depression of the 1930s, President Franklin Roosevelt referred to banks as the "money changers in the temple of our civilization," and little has been done since. It is well past the time that people on Wall Street live by the rule of law - not just pay fines - and some executives go to jail for their conduct. In 2008, the much-publicized Troubled Assets Relief Program bailed out banks and Wall Street to the tune of $700 billion with taxpayer money. While the banks were bailed out of the trouble they caused, they continued to pay out enormous executive bonuses with taxpayers' money in multimillion-dollar year-end gifts. JPMorgan received $25 billion from the government in 2008 and gave out nearly $9 billion in bonus money that year. When the derivative-driven housing market collapsed in 2008, Citigroup and Bank of America, the major banks in that market, and eight other top Wall Street firms got $1.2 trillion in then-secret loans of taxpayer money from the Federal Reserve. The Fed even went to court in an attempt to hide the identities of those banks from the public. Regulating the banks and bringing the rule of law to Wall Street banks is necessary now. Sending a few Wall Street banksters to jail would stop some of the abuse as well.
Note: For deeply revealing reports from reliable major media sources on the corrupt relationship between government and the financial sector, click here.
Money laundering. Price fixing. Bid rigging. Securities fraud. Talking about the mob? No, unfortunately. Wall Street. These days, the business sections of newspapers read like rap sheets. GE Capital, JPMorgan Chase, UBS, Wells Fargo and Bank of America tied to a bid-rigging scheme to bilk cities and towns out of interest earnings. ING Direct, HSBC and Standard Chartered Bank facing charges of money laundering. Barclays caught manipulating a key interest rate, costing savers and investors dearly, with a raft of other big banks also under investigation. Not to speak of the unprecedented wrongdoing that precipitated the financial crisis of 2008. Yet, it's clear that the unrepentant and the unreformed are still all too present within our banking system. A June survey of 500 senior financial services executives in the United States and Britain turned up stunning results. Some 24 percent said that they believed that financial services professionals may need to engage in illegal or unethical conduct to succeed, 26 percent said that they had observed or had firsthand knowledge of wrongdoing in the workplace, and 16 percent said they would engage in insider trading if they could get away with it. That too much of Wall Street remains unchanged is not surprising. Simply stated, the banks and their leaders have paid no real economic, legal or political price for their wrongdoing and thus have not felt compelled to change.
Note: The author of this article, Phil Angelides, is a former state treasurer of California and the chairman of the Financial Crisis Inquiry Commission. For deeply revealing reports from reliable major media sources on the corrupt relationship between government and the financial sector, click here.
The U.S. military is packing to leave Afghanistan - pulling up airfields, tearing down bases, disassembling Humvees for transport. Over the next few weeks, 23,000 troops will fly home, leaving 68,000 troops who will stay until 2014. The looming question, though, is: After 11 years, more than 2,000 U.S. military fatalities and at least $1 trillion in expenses, what are the United States and NATO leaving behind? The answer is bleak: Afghan security forces totally incapable of operating on their own, as the U.S. military quietly acknowledges. And a government so corrupt and ineffectual that, as the Army said in that report to Congress, it "bolsters insurgent messaging." In others words, great PR for the Taliban. Since 2002, the United States has spent $43 billion to train the Afghan military and police. It plans to spend $11.2 billion more this year, and the military has requested another $5.8 billion for 2013. Now the training mission acknowledges that none of the Afghan forces are ready to fight on their own. The highest rating for trained Afghan forces today is "independent - with advisers." Only 7 percent of Afghan army units are capable even of that. That's just one in a nest of problems. Another big one is illiteracy. The special inspector general for Afghan reconstruction, in a recent report, said the literacy rate of Afghan security forces "as a whole is 11 percent." In almost every measurable way, the training mission is losing ground. Aren't we in the same position as the Soviet Union 30 years ago - pursuing a Sisyphean task, inescapably destined to fail?
Note: The author of this article, Joel Brinkley, is a professor of journalism at Stanford University and a Pulitzer Prize-winning former foreign correspondent for the New York Times. For deeply revealing reports from reliable major media sources on the realities of the US war of aggression in Afghanistan, click here.
The feeding of antibiotics in small doses to entire herds or flocks to promote rapid weight gain poses a serious threat to human health. The constant dosing promotes the emergence of germs that are resistant to veterinary drugs and to the very similar drugs used in humans. That raises the risk that when humans are infected by the germs, the medicines they rely on will be less effective. Earlier this month, a federal magistrate judge in New York told the Food and Drug Administration to quit dillydallying on its three-decade effort to curb indiscriminate use of antibiotics in farm animals to spur their growth. He set a timetable for the agency to follow in withdrawing two important drugs - penicillin and two forms of tetracycline - from widespread use in animals. The trouble is, that timetable will give the F.D.A. five more years to complete the process.
Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.
Don Barrett, a Mississippi lawyer, took in hundreds of millions of dollars a decade ago after suing Big Tobacco and winning record settlements from R. J. Reynolds, Philip Morris and other cigarette makers. So did Walter Umphrey, Dewitt M. Lovelace and Stuart and Carol Nelkin. More than a dozen lawyers who took on the tobacco companies have filed 25 cases against industry players like ConAgra Foods, PepsiCo, Heinz, General Mills and Chobani. The suits, filed over the last four months, assert that food makers are misleading consumers and violating federal regulations by wrongly labeling products and ingredients. "[Mislabeling of a product is] a crime - and that makes it a crime to sell it," said Mr. Barrett. "That means these products should be taken off the shelves." Mr. Barrett said his group could seek damages amounting to four years of sales of mislabeled products - which could total many billions of dollars. In recent weeks, the Center for Science in the Public Interest has sued General Mills and McNeil Nutritionals over their claims on Nature Valley and Splenda Essentials products, and warned Welch's it would sue unless the company changed the wording on its juice and fruit snacks. The Federal Trade Commission won settlements from companies like Dannon and Pom Wonderful for claims about their products' health benefits. And PepsiCo and Coca-Cola face lawsuits over claims that their orange juice products are "100% natural."
Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.
Oceana, a group dedicated to preserving the ocean ecosystem, is testing fish nationwide to find out whether seafood fraud is as widespread as some people think it is. It is now possible to determine exactly what species is being served at the local fish shack, thanks to recent advances in genetic sequencing. Oceana has thus far found seafood mislabeling everywhere it has done testing, including Boston, Los Angeles, Miami and Monterey. The DNA-testing campaign, in which dozens of volunteers are provided testing kits with instructions and monitoring sheets, created an uproar when the early results came out. In South Florida ... results showed that 31 percent of the fish tested at restaurants and markets was mislabeled. In Los Angeles, 55 percent, and in Boston, 48 percent of the fish sold was not what it was touted to be. In Los Angeles ... eight out of nine sushi samples labeled as "white tuna," or shiro maguro, were actually escolar, which [has been called] the "ex-lax fish" for its purgative effect on the digestive system. Escolar is not among the 14 species that can legally be labeled as tuna. Oceana found that 87 percent of the sushi venues tested misrepresented the fish being served. The results follow several Consumer Reports studies that had similar results, including a 2006 report that found that 56 percent of the salmon marketed in the United States as wild was actually farmed. Thirty-one percent of grocery stores misidentified fish. In many cases, there is no way for the consumer to know whether the fish is what the restaurant, fish market or grocery store claims it is.
Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.
[In its] decision to grant diplomatic asylum to [WikiLeaks'] founder, Julian Assange, ... Ecuador has acted in accordance with important principles of international human rights. Indeed, nothing could demonstrate the appropriateness of Ecuador's action more than the British government's threat to violate a sacrosanct principle of diplomatic relations and invade the embassy to arrest Mr. Assange. Predictably, the response from those who would prefer that Americans remain in the dark has been ferocious. Top elected leaders from both parties have called Mr. Assange a "high-tech terrorist." And Senator Dianne Feinstein, the California Democrat who leads the Senate Select Committee on Intelligence, has demanded that he be prosecuted under the Espionage Act. Most Americans, Britons and Swedes are unaware that Sweden has not formally charged Mr. Assange with any crime. Rather, it has issued a warrant for his arrest to question him about allegations of sexual assault in 2010. If Mr. Assange is extradited to the United States, the consequences will reverberate for years around the world. Mr. Assange is not an American citizen, and none of his actions have taken place on American soil. If the United States can prosecute a journalist in these circumstances, the governments of Russia or China could, by the same logic, demand that foreign reporters anywhere on earth be extradited for violating their laws.
Note: For deeply revealing reports from reliable major media sources on government secrecy, click here.
Is it not remarkable that one of the very few individuals over the past decade to risk his welfare, liberty and even life to meaningfully challenge the secrecy regime on which the American national security state (and those of its obedient allies) depends just so happens to have become – long before he sought asylum from Ecuador – the most intensely and personally despised figure among the American and British media class and the British "liberal" intelligentsia? In 2008 – two years before the release of the "collateral murder" video, the Iraq and Afghanistan war logs, and the diplomatic cables – the Pentagon prepared a secret report which proclaimed WikiLeaks to be an enemy of the state and plotted ways to destroy its credibility and reputation. But in a stroke of amazing luck, Pentagon operatives never needed to do any of that, because the establishment media in the US and Britain harbor at least as much intense personal loathing for the group's founder as the US government does, and eagerly took the lead in targeting him. Many people like to posit the US national security state and western media outlets as adversarial forces, but here – as is so often the case – they have so harmoniously joined in common cause. Whatever else is true, establishment media outlets show unlimited personal animus toward the person who, as a panel of judges put it when they awarded him the the 2011 Martha Gellhorn prize for journalism, "has given the public more scoops than most journalists can imagine."
Note: For deeply revealing reports from reliable major media sources on government secrecy, click here.
Considering he made his name with the biggest leak of secret government documents in history, you might imagine there would be at least some residual concern for Julian Assange among those trading in the freedom of information business. But the virulence of British media hostility towards the WikiLeaks founder is now unrelenting. This is a man, after all, who has yet to be charged, let alone convicted, of anything. The ostensible reason for this venom is of course Assange's attempt to resist extradition to Sweden (and onward extradition to the US) over sexual assault allegations. But as the row over his embassy refuge has escalated into a major diplomatic stand-off, with the whole of South America piling in behind Ecuador, such posturing looks increasingly specious. Can anyone seriously believe the ... British government would have made its asinine threat to suspend the Ecuadorean embassy's diplomatic status and enter it by force, or that scores of police would have surrounded the building, swarming up and down the fire escape and guarding every window, if it was all about one man wanted for questioning over sex crime allegations in Stockholm? To get a grip on what is actually going on, rewind to WikiLeaks' explosive release of secret US military reports and hundreds of thousands of diplomatic cables two years ago. They disgorged devastating evidence of US war crimes and collusion with death squads in Iraq on an industrial scale, the machinations and lies of America's wars and allies, its illegal US spying on UN officials – as well as a compendium of official corruption and deceit across the world.
Note: For deeply revealing reports from reliable major media sources on government secrecy, click here.
I remember the moment my son's teacher told us, "Just a little medication could really turn things around for Will." We stared at her as if she were speaking Greek. "Are you talking about Ritalin?" my husband asked. Will was in third grade, and his school wanted him to settle down in order to focus on math worksheets and geography lessons and social studies. The children were expected to line up quietly and "transition" between classes without goofing around. Will did not bounce off walls. He wasn't particularly antsy. He didn't exhibit any behaviors I'd associated with attention deficit or hyperactivity. He was an 8-year-old boy with normal 8-year-old boy energy - at least that's what I'd deduced from scrutinizing his friends. "He doesn't have attention deficit," I said. "We're not going to medicate him." Once you start looking for a problem, someone's going to find one, and attention deficit has become the go-to diagnosis, increasing by an average of 5.5 percent a year between 2003 and 2007, according to the Centers for Disease Control and Prevention. As of 2010, according to the National Health Interview Survey, 8.4 percent, or 5.2 million children, between the ages of 3 and 17 had been given diagnoses of attention deficit hyperactivity disorder. There's no clinical test for it: doctors make diagnoses based on subjective impressions from a series of interviews and questionnaires. I understand why the statistics are so high. In many cases, I discovered, diagnoses hinge on the teachers' [information].
Note: For deeply revealing reports from reliable major media sources on corruption in the medical-pharmaceutical complex, click here.
Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower. So, how have the Republicans managed to persuade Americans to buy into the whole “Obama as big spender” narrative? It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% —going from $2.98 trillion to $3.52 trillion. I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong. The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House.. So, how do the actual Obama annual budgets look? In fiscal 2010 (the first Obama budget) spending fell 1.8% to $3.46 trillion. In fiscal 2011, spending rose 4.3% to $3.60 trillion. In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August. Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion.
Note: The chart included with this article comparing amount spent by recent president's is quite revealing.
How much is democracy worth to you? If you’re like most people, it’s priceless. But for the hedge funds and insurance companies on Wall Street, it does have a price tag: approximately $4.2 billion. That’s how much the Finance, Insurance, and Real Estate (F.I.R.E.) sector has invested in political influence through campaign contributions and lobbying since 2006. That comes to $1,331 a minute spent on political power. The new report is called “Meet the F.I.R.E. Sector: How Wall Street Is Burning Democracy.” It was developed by Elect Democracy, a nonpartisan effort ... to expose and challenge the impact of corporate money in U.S. politics. The report ... analyzes exactly how Wall Street has secured ... “industry-loyal voting practices” in Congress: by shoveling stacks of campaign cash in the direction of Congressional hopefuls from both major political parties. That money lets these industries get what they want in Washington. The F.I.R.E. sector contributed $879 million to members of Congress since 2006, and took positions on 383 bills during the 112th Congress. For instance, they supported Free Trade Agreements with Korea, Panama, and Colombia in 2007, and backed the bailout in 2008. Bills they opposed include the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2009, the Limited Homeowner and Investor Loss in Foreclosure Act of 2010, and the Stop Student Loan Interest Rate Hike Act of 2011. At every turn, the F.I.R.E. sector demands special treatment for Wall Street while consumers, homeowners, and students get stuck with the bills.
Note: Though not a major media source, Yes! Magazine is one of the very few media working towards positive, sustainable solutions to the problems of our world. For deeply revealing reports from reliable major media sources on the corrupt relationship between government and the financial sector, click here.
In 2006, after a less than illustrious career in the restaurant business, 31-year-old Ben Zempel got a job with wholesaler Costco. That wouldn’t be remarkable in itself, but Zempel has Down syndrome. Since he got the job, he’s happier than ever, according to his mom, Jane. It’s not just employees with a disability—all 163,000 people on Costco’s payroll around the world can count on extraordinary amounts of attention. They’re better paid than competitors’ staff, management solicits their input on store strategy, and full- and part-time workers alike enjoy complete health insurance coverage. It all adds up to low turnover: Just 6 percent of employees decide to leave the company after more than a year. In fact, after 20 Costco staff from Melville, New York, won a $200 million lottery prize last year, only one of them quit—not because of the unexpected fortune but because at 73, he figured it was time to retire. More and more businesses are beginning to realize, as Costco has, that it pays to invest in people. Strikingly, it’s companies that put staff at the top of the list that seem to be doing best. Costco ended 2010 and 2011—tough years for most companies—with hefty profits.
Note: For deeply inspiring reports from reliable sources, click here.
In November, voters will decide whether to make California the first state in the nation to require labels on most genetically modified food products. At least 18 states, including California, have tried to pass similar laws through their legislatures and failed. This time, however, the measure made it to the statewide ballot with 1 million citizen signatures; recent polls show Proposition 37 winning by a significant margin. Food activists across the country are watching the California battle closely, with opponents of genetic modification hoping to make the proposition a model for other states. Supporters of the law, including organic trade groups and environmentalists, say consumers have a right to know if the food they're eating contains genetically modified material - particularly when the long-term health effects are unclear. Seventy percent to 80 percent of processed foods sold in the U.S. are made with genetically engineered ingredients, including corn, soybeans, sugar beets and cotton oil. If the California measure passes, processed genetically engineered food products would include the words "Partially produced with genetic engineering" on the front or back label. For whole foods such as sweet corn or salmon, grocers would be required to have a sign on the shelf. Alcohol, most meat, eggs and dairy products would be exempt. Jeffrey Smith, the executive director of the Institute for Responsible Technology based in Iowa, said "Based on the evidence - damage to virtually every organ evaluated and immune and gastrointestinal problems - labels are needed."
Note: If you read this entire article, you will detect a clear bias against GMO labelling. It quotes a UCLA professor stating, "There is not one credible scientist working on this that would call it unsafe." Yet the article fails to mention the many scientists who have provided solid evidence that GMOs are unsafe. For a powerful essay showing the grave risks and dangers of GMOs, click here. For a New York Times article listing several scientists who raised serious questions about GMOs, click here. For deeply revealing reports from reliable major media sources on genetically modified foods, click here.
The nation's largest agribusiness and biotech companies are pouring millions of dollars into California to stop the first-ever initiative to require special labels on foods made with genetically modified ingredients, a sign of their determination to keep the measure from sparking a nationwide movement. So far, farming giants such as Monsanto, Dupont Pioneer and Cargill have contributed nearly $25 million to defeat the proposal, with much of that cash coming in the past few days. Monsanto, the largest contributor, gave $4.2 million this week. It's nearly 10 times the amount raised by backers of the ballot measure who say California's health-conscious shoppers want more information about the food they eat. With nearly three months to go before the November election, the measure's opponents appear to be following the previous blueprint developed by major industries to defeat ballot initiatives in the nation's largest consumer market: Raise large sums of money to swamp the airwaves with negative advertising. The food initiative, known as Proposition 37, ... would require most processed foods to bear a label by 2014 letting shoppers know if the items contain ingredients derived from plants with DNA altered with genes from other plants, animals, viruses or bacteria. "It's an epic food fight between the pesticide companies and consumers who want to know what's in their food," said Stacy Malkan, media director for the California Right to Know campaign.
Note: For a powerful essay showing the grave risks and dangers of GMOs, click here. For deeply revealing reports from reliable major media sources on genetically modified foods, click here.
Two Portland residents say they will appear before a federal grand jury in Seattle Thursday in an investigation of anarchist activity, according to a statement they released on [August 1]. Grand jury subpoenas have also been served to activists in Olympia and Seattle ... according to the Seattle Chapter of the National Lawyers Guild, which identifies itself as an association of progressive lawyers. The guild urged the U.S. Attorney’s Office to drop the subpoenas [because] they were being used “as a pretext for harassing political activists.” “It concerns us any time there are law-enforcement raids that target political literature, first amendment-protected materials,” [guild spokesman Neil] Fox said. Two weeks before a heavily armed, July 25 FBI raid that Dennison Williams and Leah-Lynn Plante said took place at their Portland home, the Seattle Police Department SWAT team seized evidence connected to the May Day investigation from a Judkins Park apartment of Occupy Seattle members. In both cases, those searched told media that law-enforcement charged into their homes [with a battering-ram] early in the morning and used a stun grenade, a non-lethal object that creates a disorienting loud bang and bright light. Williams told The Oregonian that the FBI took his laptop computer, cell phone, two thumb drives, multiple pieces of black clothing, and a T-shirt that read on the front “Multi Death Corporations.”
Note: Amazingly, the FBI raids on political activists in Seattle and Portland have gone completely unreported by the mass media. For analysis of the FBI's attacks on dissenters, click here, here and here. For a Democracy Now! video report, click here. For deeply revealing reports from reliable major media sources on civil liberties, click here.
I [Tangerine Bolen] am one of the lead plaintiffs in the civil lawsuit against the National Defense Authorization Act, which gives the president the power to hold any US citizen anywhere for as long as he wants, without charge or trial. In a May hearing, Judge Katherine Forrest issued an injunction against it; this week, in a final hearing in New York City, US government lawyers asserted even more extreme powers – the right to disregard entirely the judge and the law. On Monday 6 August, Obama's lawyers filed an appeal to the injunction – a profoundly important development that, as of this writing, has been scarcely reported. In the earlier March hearing, US government lawyers had confirmed that, yes, the NDAA does give the president the power to lock up people like journalist Chris Hedges and peaceful activists like myself and other plaintiffs. Government attorneys stated on record that even war correspondents could be locked up indefinitely under the NDAA. In this hearing ... Obama's attorneys refused to assure the court, when questioned, that the NDAA's section 1021 – the provision that permits reporters and others who have not committed crimes to be detained without trial – has not been applied by the US government anywhere in the world after Judge Forrest's injunction. In other words, they were telling a US federal judge that they could not, or would not, state whether Obama's government had complied with the legal injunction that she had laid down before them. I, like many in this fight, am now afraid of my government. We have good reason to be.
Note: For deeply revealing reports from reliable major media sources on civil liberties, click here.
Last week, New York Mayor Michael Bloomberg joined NYPD Commissioner Ray Kelly to unveil a major new police surveillance infrastructure, developed by Microsoft. The Domain Awareness System links existing police databases with live video feeds, including cameras using vehicle license plate recognition software. No mention was made of whether the system plans to use – or already uses – facial recognition software. But, at present, there is no law to prevent US government and law enforcement agencies from building facial recognition databases. And we know from industry newsletters that the US military, law enforcement, and the department of homeland security are betting heavily on facial recognition technology. As PC World notes, Facebook itself is a market leader in the technology – but military and security agencies are close behind. According to Homeland Security Newswire, billions of dollars are being invested in the development and manufacture of various biometric technologies capable of detecting and identifying anyone, anywhere in the world – via iris-scanning systems, already in use; foot-scanning technology (really); voice pattern ID software, and so on. What is very obvious is that this technology will not be applied merely to people under arrest, or to people under surveillance in accordance with the fourth amendment. No, the "targets" here [include] everyone. In the name of "national security", the capacity is being built to identify, track and document any citizen constantly and continuously.
Note: For deeply revealing reports from reliable major media sources on civil liberties, click here.
[Trapwire is] a CCTV surveillance system that recognises people from their face or walk and analyses whether they might be about to commit a terrorist or criminal act. According to documents released online by WikiLeaks [it] is being used in a number of countries to try to monitor people and threats. Founded by former CIA agents, Trapwire uses data from a network of CCTV systems and numberplate readers to figure out the threat level in huge numbers of locations. The documents outlining Trapwire's existence and its deployment in the US were apparently obtained in a hack of computer systems belonging to the intelligence company Stratfor at the end of last year. Documents from the US department of homeland security show that it paid $832,000 to deploy Trapwire in Washington DC and Seattle. Stratfor describes Trapwire as "a unique, predictive software system designed to detect patterns of pre-attack surveillance and logistical planning". It serves "a wide range of law enforcement personnel and public and private security officials domestically and internationally", Stratfor says. Some have expressed doubts that Trapwire could really forecast [future] acts based on data from cameras. The claims might seem overblown, but then the idea that the US could have an international monitoring system seemed absurd until the discovery of the Echelon system, used by the US to eavesdrop on electronic communications internationally.
Note: For more on the growing use of this secret technology, click here. For deeply revealing reports from reliable major media sources on privacy, click here.
Who's buying our democracy? Wall Street financiers, the Koch brothers, and casino magnates Sheldon Adelson and Steve Wynn, among others. And they're doing much of it in secret. It's a perfect storm - the combination of three waves that are about to drown government as we know it. The first is the greatest concentration of wealth in America in more than a century. The 400 richest Americans are richer than the bottom 150 million Americans put together. The trend started 30 years ago, and it's related to globalization and technological changes that have stymied wage growth for most people, "trickle-down economics," ... tax cuts and the steady decline in the bargaining power of organized labor. The second is the wave of unlimited political contributions, courtesy of ... one of the worst decisions in Supreme Court history, Citizens United vs. Federal Election Commission, the 2010 ruling that held that corporations are people under the First Amendment, [meaning] that virtually any billionaire can contribute as much to a political campaign as he wants. The third is complete secrecy about who's contributing how much to whom. Political fronts posing as charitable, nonprofit "social welfare" organizations ... don't have to disclose their donors. As a result, outfits like the Chamber of Commerce and Karl Rove's Crossroads GPS are taking in hundreds of millions from corporations that don't even tell their own shareholders what political payments they're making. Separately, any one of these three would be bad enough. Put the three together, and our democracy is being sold down the drain.
Note: The author of this article, Robert Reich, is a professor of public policy at UC Berkeley and former U.S. secretary of labor, and author of the newly released Beyond Outrage: What Has Gone Wrong With Our Economy and Our Democracy, and How to Fix It.
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.