Please donate here to support this vital work.
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.


The extra dollars you're paying at the pump are going to Wall Street speculators
2012-02-28, Chicago Tribune
Posted: 2012-03-06 09:00:23
http://www.chicagotribune.com/sns-201202280930--tms--amvoicesctnav-a20120228f...

The current surge in gas prices has almost nothing to do with energy policy. It doesn't even have much to do with global supply and demand. It has most to do with America's continuing failure to adequately regulate Wall Street. Oil supplies aren't being squeezed. Over 80 percent of America's energy needs are now being satisfied by domestic supplies. In fact, we're starting to become an energy exporter. Demand for oil isn't rising. Oil demand in the U.S. is down compared to last year at this time. The American economy is showing only the faintest signs of recovery. Meanwhile, global demand is still moderate. Europe's debt crisis hasn't gone away. China's growth continues to slow. But Wall Street is betting on higher oil prices. Hedge-fund managers and traders assume that mounting tensions in the Middle East will hobble supplies later this year. Wall Street speculators also assume global demand for oil will rise in the coming year. These are just expectations, not today's realities. But they're pushing up oil prices just the same, because Wall Street firms and other big financial players now dominate oil trading. Where there's money to be made, Wall Street will find a way of making it. And when it comes to oil, so much money is at stake that gigantic sums can be made if the bets pay off. Speculators figure they can hedge against bad bets. Financial speculators historically accounted for about 30 percent of oil contracts, producers and end users for about 70 percent. But today speculators account for 64 percent of all contracts.

Note: This article was written by Robert Reich, former U.S. Secretary of Labor, professor of public policy at the University of California at Berkeley and the author of Aftershock: The Next Economy and America's Future. He blogs at www.robertreich.org. For lots more reliable information from the major media on energy manipulations, click here.


Leaked emails shine rare light on Stratfor
2012-02-28, MSNBC/Associated Press
Posted: 2012-03-06 08:56:28
http://www.msnbc.msn.com/id/46555168/ns/us_news-security

Private intelligence firm Stratfor ... sells what clients and subscribers consider some of the best geopolitical analysis that money can buy. Now the Texas-based think tank is the latest target of WikiLeaks chief Julian Assange, who says his anti-secrecy group has more than 5 million of Stratfor's emails and is promising to release damaging material in the coming weeks. The first, small batch published [on February 27] revealed clients that Stratfor has long safeguarded and refused to disclose. They range from local universities to megacorporations like Coca-Cola. An initial examination of the emails turned up a mix of the innocuous and the embarrassing. But Assange has accused Stratfor of serious deeds, such as funneling money to informants through offshore tax havens, monitoring activist groups on behalf of big corporations and making investments based on its secret intelligence. "What we have discovered is a company that is a private intelligence Enron," Assange told London's Frontline Club, referring to the Texas energy giant whose spectacular bankruptcy turned it into a byword for corporate malfeasance. In December, Stratfor founder George Friedman gave advice on handling sources to one of his analysts gathering information on the health of Venezuela President Hugo Chavez. "If this is a source you suspect may have value, you have to take control (of) him. Control means financial, sexual or psychological control to the point where he would reveal his sourcing and be tasked," the email read.

Note: For more powerful information on this most recent release of revealing documents by Wikileaks, click here. For verifiable information on astounding secret methods used to gain control of people as reported in declassified U.S. government documents, click here.


Almost year after tsunami, Fukushima nuclear plant in shambles, running on makeshift equipment
2012-02-28, Washington Post/Associated Press
Posted: 2012-03-06 08:54:03
http://www.washingtonpost.com/world/asia-pacific/investigation-finds-japan-wi...

Japan’s tsunami-hit Fukushima power plant remains fragile nearly a year after it suffered multiple meltdowns, its chief said [on February 28], with makeshift equipment — some mended with tape — keeping crucial systems running. An independent report, meanwhile, revealed that the government downplayed the full danger in the days after the March 11 disaster and secretly considered evacuating Tokyo. Journalists given a tour of the Fukushima Dai-ichi plant on Tuesday ... saw crumpled trucks and equipment still lying on the ground. A power pylon that collapsed in the tsunami, cutting electricity to the plant’s vital cooling system and setting off the crisis, remained a mangled mess. The equipment that serves as the lifeline of the cooling system is shockingly feeble-looking. Plastic hoses cracked by freezing temperatures have been mended with tape. A set of three pumps sits on the back of a pickup truck. Along with the pumps, the plant now has 1,000 tanks to store more than 160,000 tons of contaminated water. The Unit 3 reactor, whose roof was blown off by a hydrogen explosion, resembles an ashtray filled with a heap of cigarette butts. Officials say radiation hot spots remain inside the plant and minimizing exposure to them is a challenge.

Note: For lots more from reliable sources on the corruption in the nuclear power industry, click here.


Japan Leader Points to Disaster Response Failures
2012-03-03, ABC News/Associated Press
Posted: 2012-03-06 08:52:02
http://abcnews.go.com/Business/wireStory/japan-leader-points-disaster-respons...

Japan's prime minister acknowledged Saturday the government failed in its response to last year's earthquake and tsunami, being too slow in relaying key information and believing too much in "a myth of safety" about nuclear power. "We can no longer make the excuse that what was unpredictable and outside our imagination has happened," Prime Minister Yoshihiko Noda said. "Crisis management requires us to imagine what may be outside our imagination." Noda was speaking to reporters at his official residence ahead of the anniversary of the March 11 disaster that killed nearly 20,000 people in northeastern Japan and set off the worst nuclear crisis since Chernobyl. The phrase "soteigai," or "outside our imagination," was used repeatedly by Tokyo Electric Power Co., the utility that ran the plant, as the reason why it was not prepared for the giant tsunami that hit after the magnitude-9.0 quake. Although some scholars had warned about such tsunami risks, both the utility and regulators did little and kept backup generators in basements where they could be flooded. Japan has also drawn criticism as having been slow with information about the meltdowns and about radiation leaks into the air and the ocean. "We can say in hindsight that the government, business and scholars had all been seeped in a myth of safety," Noda said of the oversights in the accident. "The responsibility must be shared."

Note: For lots more from reliable sources on the corruption in the nuclear power industry, click here.


Ritual abuse of children: a hidden and under-reported crime
2012-03-01, The Guardian (One of the UK's leading newspapers)
Posted: 2012-03-06 08:50:27
http://www.guardian.co.uk/uk/2012/mar/01/witchcraft-ritual-abuse-hidden-crime

In the past 10 years police in greater London have investigated 83 incidents of child abuse and torture linked to witchcraft and other religious rituals. Of these children, four ... were murdered during ritualised violence. One police source said more cases of this kind were coming to light – either because the problem was increasing or because the light shone on the issue had led to increased reporting of incidents. The horrific cases of child abuse are often familial and often emerge from within the African diaspora. While most of the child killings have led to perpetrators being brought to justice, others remain mysteries. Ritualised abuse involves witchcraft-style exorcisms within many different cultures, including Caribbean, Congolese and Asian communities, according to the Met. The police set up Project Violet seven years ago to target the problem and work with other agencies to raise awareness of children at risk. "We know this is an under-reported crime, we know this is a hidden crime," said Det Supt Terry Sharpe, head of Scotland Yard's child abuse investigation command. "That is why Project Violet is working with communities to try to raise the awareness within the community and among professionals so people can see the danger signs."

Note: Sadly very few people are willing to look into these very dark shadows. If you are one of the few, please don't miss the most important documentary on this available here. For lots more powerful information from one who escaped from a powerful cult involved in ritual abuse, click here.


Cop-cadet sex case has precedents
2012-03-01, Seattle Post-Intelligencer/Associated Press
Posted: 2012-03-06 08:48:16
http://www.seattlepi.com/news/article/AP-ENTERPRISE-Cop-cadet-sex-case-has-pr...

When an on-duty police officer was shot and killed by a colleague a month ago, residents of [Santa Maria, CA, an] agricultural community north of Santa Barbara were horrified. Outrage grew when they learned the shooting occurred as fellow officers tried to arrest the policeman on suspicion he was having a sexual relationship with a 17-year-old girl in the city's "Police Explorers" program. But inappropriate relationships between officers and youths in the junior police program aren't all that rare. No organization keeps statistics but an Associated Press examination of news accounts during the 21 years since the Explorers was spun off from the Boy Scouts of America found at least 97 cases involving officers accused of sexual assault on minor girls, and sometimes boys, in the program. And that's likely a fraction of all such incidents, said Samuel Walker, a University of Nebraska-Omaha criminal justice professor and expert on police misconduct and accountability. Most relationships never become public because a youth is unlikely to report it and even if fellow officers are aware, they're reluctant to do anything. "More often than not other officers know that something wrong is going on and they don't report it," Walker said. "Police departments are like villages: everybody gossips and everybody knows." The Explorer program is run by Learning for Life, a subsidiary of Boy Scouts of America.

Note: When a Chilean friend of this website's founder was facing a serious traffic ticket which could have gotten her kicked out of the country, the police officer offered to let her go if she would have sex with him later. She accepted but then managed to escape. She never reported the incident. This type of sexual abuse by authorities is likely much more common than most people would imagine. For more powerful evidence of this, click here and here.


Vets feel abandoned after secret drug experiments
2012-03-01, CNN
Posted: 2012-03-06 08:46:03
http://edition.cnn.com/2012/03/01/health/human-test-subjects/index.html

The moment 18-year-old Army Pvt. Tim Josephs arrived at Edgewood Arsenal in 1968, he knew there was something different about the place. "It just did not look like a military base, more like a hospital," recalled Josephs, a Pittsburgh native. Josephs had volunteered for a two-month assignment at Edgewood, in Maryland, lured by three-day weekends closer to home. "It was like a plum assignment," Josephs said. "The idea was they would test new Army field jackets, clothing, weapons and things of that nature, but no mention of drugs or chemicals." But when he went to fill out paperwork the morning after his arrival, the base personnel were wearing white lab coats, and Josephs said he had second thoughts. An officer took him aside. "He said, 'You volunteered for this. You're going to do it. If you don't, you're going to jail. You're going to Vietnam either way -- before or after,'" Josephs said recently. From 1955 to 1975, military researchers at Edgewood were using not only animals but human subjects to test a witches' brew of drugs and chemicals. They ranged from potentially lethal nerve gases like VX and sarin to incapacitating agents like BZ. The military also tested tear gas, barbiturates, tranquilizers, narcotics and hallucinogens like LSD. Josephs, 63, believes the chemical agents he received during his two-month stint at Edgewood [harmed] him, triggering health problems that continue to plague him four decades later.

Note: For a comprehensive list of example of humans being used as guinea pigs by the military and government over the past century with links for verification, click here.


Feinstein detainee bill for citizens, residents
2012-03-01, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2012-03-06 08:43:36
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/29/MN701NDUR3.DTL

Sen. Dianne Feinstein said [on February 29] that her legislation to roll back an antiterror law, which allows the military to indefinitely detain people in the United States suspected of ties to al Qaeda or "associated forces," would have to be limited to citizens and permanent legal residents. Her bill, the Due Process Guarantee Act, ... would ensure that the detainee portions of last year's National Defense Authorization Act, or any declaration of war or congressional authorization to use military force, would not allow the military to imprison without trial citizens and green card holders living in the United States. Rep. John Garamendi, D-Walnut Grove (Sacramento County) has introduced a companion bill in the House. The detainee provisions of the law ... have generated a rare combination of outrage from liberals and conservatives who say it violates constitutional liberties and habeas corpus rights that provide an individual redress to unlawful imprisonment by the state. Civil liberties groups have argued that the Constitution's Bill of Rights extends to all people, regardless of their citizenship. Noncitizens include tourists, students and business travelers as well as illegal immigrants. Feinstein said including noncitizens in her bill is not politically feasible. Feinstein described her bill as a follow-on to the 1971 Non-Detention Act, a response to the Japanese internment that was signed by former President Richard Nixon. The act bars imprisonment of citizens suspected of sabotage without explicit congressional approval.

Note: The NDAA clearly violates the U.S. Bill of Rights, which clearly states in the fifth amendment that no person shall be held to answer for a crime "without due process of law," and in the sixth amendment which states that "the accused shall enjoy the right to a speedy and public trial." It is simply amazing that the American public is not loudly protesting this breach of the constitution.


Cheat, lie, break the law? Chances are, you’re rich
2012-02-27, Globe and Mail (One of Canada's leading newspapers)
Posted: 2012-03-06 08:40:51
http://www.theglobeandmail.com/report-on-business/cheat-lie-break-the-law-cha...

The wealthy really are different from everyone else: They’re more likely to cheat, lie, and break the law. At least that’s the unflattering conclusion of a team of professors from the University of Toronto’s Rotman School of Management and the University of California, Berkeley, who ran a battery of tests involving more than 1,000 people, seeking to answer the question of whether being rich or poor influenced ethical behaviour. In results from seven separate studies, they found a consistent tendency among those they termed “upper-class” to be more likely to break the law while driving, take valued goods from others, lie in negotiations, cheat to increase their chances of winning a prize and endorse unethical behaviour at work. The reason for the ethical difference was simple. Wealthier people are more likely to have an attitude that greed is good. At first glance, it might seem more likely that poorer people would be more tempted to cheat or break the law, in order to improve their lot in life. But a growing body of research is coming to the opposite conclusion – that it’s people at the top of the income scale for whom honesty, integrity, and generosity seem to be a challenge. In the United States, for instance, despite the perception that the rich are great philanthropists, data show that upper-class households donate a smaller proportion of their incomes to charity than do lower-class families. Other research has found that those who are well off have a reduced concern for others.


Monsanto Agrees To Pay Up $93 Million In Agent Orange Settlement
2012-02-24, NPR blog
Posted: 2012-03-06 08:30:08
http://www.npr.org/blogs/thetwo-way/2012/02/24/147370124/monsanto-agrees-to-p...

More details about [a] preliminary agreement to settle an "Agent Orange" related class-action lawsuit filed against the Monsanto Company [have been released]. Monsanto agreed to settle a case over pollution claims made on behalf of current and former residents of the small town of Nitro, West Virginia. In a written statement today Monsanto says it's agreeing to pay up to $93 million dollars. $84 million of that would go toward medical monitoring for residents ($21 million up front and up to $63 million over 30 years). The company also is agreeing to spend up to $9 million to professionally clean homes in the affected area, which includes an estimated 4500 houses. Putnam Circuit Court Judge Derek Swope will now give the agreement a thorough review before giving the deal his final approval.

Note: For key reports from reliable sources on corporate corruption, click here. For information on a major lawsuit and settlement for U.S. veterans injured by the government's use of agent orange, click here.


FDA deputy with ties to Monsanto draws fire
2012-03-01, San Francisco Chronicle/Bloomberg
Posted: 2012-03-06 08:28:14
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/29/MNEN1NDVO3.DTL

A top federal regulator's ties to Monsanto Co., a maker of genetically modified food, are fueling an election-year recall push by consumer and public-interest groups flexing their clout on the Internet. Michael Taylor, the Food and Drug Administration's deputy commissioner for food safety, is at the center of a burgeoning dispute between opponents who have collected more than 420,000 signatures on an online petition demanding he be fired and supporters who praise his efforts to curb food-borne illnesses. At issue is the 16 months ending in 2000 that Taylor worked as Monsanto's vice president for public policy, between stints in the Clinton and Obama administrations. The petition reflects anger over the agency's enforcement actions against small food producers and products such as raw milk. The online petition, along with others circulated on Facebook and other social-media sites since at least August, blames Taylor for allowing genetically modified organisms into the U.S. food supply without requiring testing as to their effects while he served at the agency in the 1990s. Taylor, in an interview, said his work is misrepresented, and the effort to have him fired "is more about Monsanto than about me. The claim is I was a Monsanto lobbyist, which paints a bad picture," he said. "It doesn't say what I did there or what I think about biotechnology."

Note: For lots more on Monsanto's unethical practices, click here and here. For key reports from reliable sources on corporate and government corruption, click here and here.


Snowe’s departure may fuel anger at Congress that puts partisanship before solutions
2012-03-01, Washington Post
Posted: 2012-03-06 08:26:33
http://www.washingtonpost.com/politics/analysis-snowes-departure-may-fuel-ang...

The surprising retirement of moderate Republican Sen. Olympia Snowe of Maine moves congressional centrists a step closer to extinction and highlights the great paradox of American politics. Even with her party standing a good chance to regain the Senate majority, Snowe wanted no more of the endless gridlock that has rendered Congress barely able to carry out the most basic functions, such as keeping the federal government’s doors open. She expressed frustration “that an atmosphere of polarization and ‘my way or the highway’ ideologies has become pervasive in campaigns and in our governing institutions.” Snowe is one of the few remaining moderate Republicans, a group that once dominated the Northeast and vied for control of the national GOP under leaders such as Nelson Rockefeller. She was instrumental in forcing President George W. Bush to limit the size of his 2001 tax cut. She was one of three Senate Republicans who backed President Barack Obama’s 2009 stimulus plan. “She just quit in disgust,” even though she easily could have won a fourth term this fall, said Matt Bennett of the centrist-Democratic group Third Way. By some measures, Snowe is the Senate’s most liberal Republican and Ben Nelson of Nebraska is its most conservative Democrat. Both are retiring this year, raising serious possibilities they will be replaced by less moderate members of the opposite party, further widening the chamber’s partisan divide.


Ways to help: Making a difference
2012-02-23, CNN blog
Posted: 2012-03-06 08:24:45
http://thecnnfreedomproject.blogs.cnn.com/2012/02/23/ways-to-help-making-a-di...

The most valuable weapon in the fight against human trafficking may be you. People from West Africa, South America, Eastern Europe and Southeast Asia, have all joined the fight. Watch the "Taking a Stand, Making a Difference" show [at the link above] in three parts. In the first segment, viewers horrified by our expose of working conditions for people [farming cocoa] in West Africa campaign for more Fair Trade products. Natalie, in Romania, was moved to stop eating chocolate until Fair Trade cocoa is on sale in local shops. Gerry, in New Zealand, tried to make a regionally-inspired dish using only Fair Trade products. Meanwhile, young Christians at a U.S. convention built a statue symbolizing the extent of slavery [and] raised $3 million for related charities. Their stories also offer practical ideas and information to others who want to get involved in helping the victims of modern-day slavery. In part two, the idea that people are not for sale is spreading across Ukraine, and one South Korean school is now campaigning to abolish the modern-day scourge. In part three, one woman beat her fashion bug to help women rescued from human trafficking. Amy Seiffert wore the same dress for six months and donated the money she would have spent on clothes to a local organization building a shelter for rescued women in Ohio. She says it was a small thing that reinforced the message that her ability to choose is [a] privilege denied to many. Along the way she inspired others, and the Daughter Project’s shelter is now a reality.

Note: The CNN videos included in this message are quite inspiring. Things are changing. Yea!!! For lots more inspiring news, click here.


Bras liberate women from sex slavery
2012-02-22, CNN blog
Posted: 2012-03-06 08:19:03
http://thecnnfreedomproject.blogs.cnn.com/2012/02/22/bras-liberate-women-from...

Staring down a mountain of bras in her basement, Kimba Langas knew things had gotten out of hand. The stay-at-home-mom started collecting unwanted bras as a way to help women on the other side of the world. It started small through word of mouth, and then a Facebook page. But the bras quickly overran her home in suburban Denver, Colorado. They were in her basement, in her garage, in her car. They were in bags, in boxes, in envelopes. Her husband, Jeff, tried to navigate his way around them, but it wasn't easy. Langas collects unwanted bras for a charity called "Free the Girls" which gives them to young women coming out of sex trafficking in Mozambique - not to wear, but to sell in used clothing markets where bras are a luxury item and command top dollar. The girls can make three times the average wage, more than enough to support themselves and not be trafficked again. It was the pastor of her church who came up with the idea for Free the Girls. He was planning on moving to Mozambique for missionary work, and called Langas to see if she would run the project with him. She thought it sounded like fun. Shortly after launching the Facebook page, the bras started coming. The response was much bigger than she expected. "There was a drive in Arizona and the women collected 8,000 bras. There's a church in Tennessee that collected 3,000 bras. There's a group ... in Denver that collected 1,250 bras. It's just one of those things that caught on and spread."

Note: For lots more inspiring news, click here.


Treating Depression: Is there a placebo effect?
2012-02-19, CBS News 60 Minutes
Posted: 2012-02-28 11:43:10
http://www.cbsnews.com/8301-18560_162-57380893/treating-depression-is-there-a...

Do antidepressants work? "The difference between the effect of a placebo and the effect of an antidepressant is minimal for most people," says Harvard scientist Irving Kirsch. Kirsch's views are of vital interest to the 17 million Americans who take the drugs, including children as young as six and to the pharmaceutical industry that brings in $11.3 billion a year selling them. Irving Kirsch is the associate director of the Placebo Studies Program at Harvard Medical School. He says that his research challenges the very effectiveness of antidepressants. Kirsch's specialty has been the study of the placebo effect: the taking of a dummy pill without any medication in it that creates an expectation of healing that is so powerful, symptoms are actually alleviated. Kirsch, who's been studying placebos for 36 years, says "sugar pills" can work miracles. Kirsch: Placebos are great for treating a number of disorders: irritable bowel syndrome, repetitive strain injuries, ulcers, Parkinson's disease. Even traumatic knee pain. In this clinical trial some patients with osteoarthritis underwent knee surgery, while others had their knees merely opened and then sewn right back up. In terms of walking and climbing, the people who got the placebo actually did better than the people who got the real surgery. And that lasted for a year. At two years after surgery, there was no difference at all between the real surgery and the sham surgery. It's not all in your head because the placebos can also affect your body.

Note: For key reports from reliable sources on health issues, click here.


The Biggest Public Food Forest in the Country
2012-02-16, Seattle Weekly blog
Posted: 2012-02-28 11:41:30
http://blogs.seattleweekly.com/dailyweekly/2012/02/beacon_hill_will_soon_boas...

Seven sloping acres at the southwest edge of Jefferson Park [are] being transformed into an edible landscape and community park that will be known [as] the Beacon Food Forest, the largest of its kind in the nation. One full acre will be devoted to large chestnuts and walnuts in the overstory. There'll be full-sized fruit trees in the understory, and berry shrubs, climbing vines, herbaceous plants, and vegetables closer to the ground. The entire project will be built around the concept of permaculture -- an ecological design system, philosophy, and set of ethics and principles used to create perennial, self-sustaining landscapes. Friends of the Food Forest undertook heroic outreach efforts to secure neighborhood support. The team mailed over 6,000 postcards in five different languages, tabled at events and fairs, and posted fliers. And Seattle residents responded. The first meeting, especially, drew permaculturalists and other intrigued parties from all around the city. More than 70 people, mostly from Beacon Hill, attended the second meeting in mid-July, where proposed designs were laid out on giant sheets paper with markers strewn about so the community could scribble their ideas and feedback directly onto the plans.


Homeowners deserve protections afforded businesses
2012-02-17, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2012-02-28 11:31:34
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/16/EDKF1N8M4N.DTL

[A] report from San Francisco auditors [shows] that 84 percent of foreclosures examined contained at least one violation of the law by the foreclosing party. The report is only the latest in a series of incidents involving bad actors in the foreclosure crisis. In fact, problems have been so rampant that banks now require many buyers of foreclosed homes to sign contracts absolving the bank of liability should irregularities appear with the original foreclosure. In light of these negligent practices, the $26 billion settlement last week between the U.S. Department of Justice, state attorneys general and the major banks raises as many questions as answers. For instance: If a house is illegally foreclosed upon and subsequently sold by the bank, who owns the home? The new buyer or the original owner? Untangling this mess might require new consumer protections, not just a payout from the banks accused of wrongdoing. The best way to prevent foreclosure problems, however, has always been to prevent foreclosures in the first place. Offering families facing foreclosure the same bankruptcy protections enjoyed by business speculators is one place to start. As it stands today, a single family that buys a home in a housing development is treated differently in bankruptcy court than a businessman who bought 10 units in the same project. If and when the housing bubble bursts, the underwater speculator is able to seek bankruptcy relief on all 10 units, while the owner of the single home is left out in the cold.

Note: For lots more from reliable sources on the impacts of the financial crisis on homeowners, click here.


Greek debt nightmare laid bare
2012-02-21, CNN/Financial Times
Posted: 2012-02-28 11:29:43
http://edition.cnn.com/2012/02/20/business/greece-debt-report/index.html

A "strictly confidential" report on Greece's debt projections prepared for eurozone finance ministers reveals Athens' rescue programme is way off track. The ... debt sustainability analysis ... found that even under the most optimistic scenario, the austerity measures being imposed on Athens risk a recession so deep that Greece will not be able to climb out of the debt hole over the course of a new three-year, €170bn bail-out. It warned that two of the new bail-out's main principles might be self-defeating. Forcing austerity on Greece could cause debt levels to rise by severely weakening the economy. The report made clear why the fight over the new Greek bail-out has been so intense. A German-led group of creditor countries -- including the Netherlands and Finland -- has expressed extreme reluctance to go through with the deal since they received the report. A "tailored downside scenario" in the report suggests Greek debt could fall far more slowly than hoped, to only 160 per cent of economic output by 2020 -- well below the target of 120 per cent set by the International Monetary Fund. Under such a scenario, Greece would need about €245bn in bail-out aid, far more than the €170bn under the "baseline" projections eurozone ministers were using in all-night negotiations in Brussels on Monday.

Note: For key reports from major media sources exposing the interests served by the imposition of austerity on Greece and other countries, click here.


Lawyers: Bevilacqua ordered memo on priests to be shredded
2012-02-24, Philadelphia Inquirer (Philadelphia's leading newspaper)
Posted: 2012-02-28 11:27:45
http://articles.philly.com/2012-02-24/news/31095897_1_church-lawyers-priests-...

Cardinal Anthony J. Bevilacqua ordered aides to shred a 1994 memo that identified 35 Archdiocese of Philadelphia priests suspected of sexually abusing children, according to a new court filing. The order, outlined in a handwritten note locked away for years at the archdiocese's Center City offices, was disclosed Friday by lawyers for Msgr. William J. Lynn, the former church administrator facing trial next month. They say the shredding directive proves what Lynn has long claimed: that a church conspiracy to conceal clergy sex abuse was orchestrated at levels far above him. The cardinal died Jan. 31. The revelation is likely to further cloud Bevilacqua's complicated legacy in the handling of clergy sex abuse and could shape what happens at the historic trial, the first for a cleric accused of covering up sex abuse. Prosecutors say that Lynn, as the secretary for clergy, recommended priests for assignments despite knowing or suspecting that they would sexually abuse children. Facing trial with him are two former parish priests accused of molesting a boy in the 1990s, the Rev. James J. Brennan and Edward Avery. Lynn's lawyers argue that the new documents show he was one of the few church officials trying to confront the issue of abuse. After becoming secretary for clergy in 1992, they say, Lynn began combing the secret personnel files of hundreds of priests to gauge the scope of misconduct involving children. The result was his February 1994 memo that identified 35 priests suspected of abuse or pedophilia.

Note: For lots more on sexual abuse scandals from reliable sources, click here.


200 priests suspected of abuse living in California, victims' lawyer says
2012-02-12, MSNBC
Posted: 2012-02-28 10:37:54
http://usnews.msnbc.msn.com/_news/2012/02/12/10386205-200-priests-suspected-o...

Some 200 Catholic priests suspected of sexual abuse are living undetected in communities across California, according to an attorney who represents hundreds of plaintiffs who sued the LA Archdiocese. Ray Boucher has mapped 60 locations where suspect priests live, in cities and towns from northern to southern California. “Many if not all these priests have admitted to sexual abuse,” Boucher said. “They live within a mile of 1,500 playgrounds, schools and daycare centers.” Since none of the priests has actually been convicted of sex abuse, none can be identified under Megan’s Law, or their whereabouts revealed in related public databases. “What the issue is here, is how you weigh the right of the people,” said Boucher, who is also one of the attorneys representing students in the Miramonte Elementary School sex abuse scandal. In 2007 the LA Archdiocese reached an unprecedented $660 million settlement with many of the plaintiffs without admitting any wrong-doing. It also agreed to let the courts decide which of the case-related church files should be made public, including those identifying alleged and admitted predators. But according to Boucher and court documents, the Catholic Church has since engaged in a cover-up. By Boucher’s account, church officials allowed priests suspected of sexually abusing children to retire, flee the country or hide in rehab clinics until the statute of limitations on prosecution ran out.

Note: For lots more on sexual abuse scandals from reliable sources, click here.


Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

Kindly donate here to support this inspiring work.

Subscribe to our free email list of underreported news.

newsarticles.media is a PEERS empowerment website

"Dedicated to the greatest good of all who share our beautiful world"