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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.


Secret trial revelations prompt US-Israeli diplomatic storm
2011-09-07, The Independent (One of the UK's leading newspapers)
Posted: 2012-01-31 15:38:18
http://www.independent.co.uk/news/world/americas/secret-trial-revelations-pro...

A court case against a translator who leaked US government secrets was conducted in secret because it centred on the revelation that the FBI had eavesdropped on Israeli embassy phone calls, it was revealed yesterday. The extraordinary limitations in place for the prosecution of Shamai Leibowitz, who was sentenced to 20 months in prison for disseminating classified information, meant that even the judge sentencing him did not know what he was supposed to have leaked. "All I know is that it's a serious case," Judge Alexander Williams said last year. "I don't know what was divulged other than some documents, and how it compromised things, I have no idea." But now Richard Silverstein, the blogger to whom Leibowitz passed his information, has come forward to defend his source. Leibowitz passed him about 200 pages of verbatim records of phone calls and conversations between embassy officials, saying that he believed the documents revealed Israeli officials trying unlawfully to influence US policy and edging towards military action against Iran. There has been dismay among civil liberties and open government advocates who point to pledges made by Mr Obama before his election to seek new transparency in Washington. Instead, his administration has launched a record number of prosecutions under the Espionage Act – five including the Leibowitz case. Previously, there had been only four such prosecutions opened by all previous administrations.

Note: For lots more on government secrecy from reliable sources, click here.


We must stop this corporate takeover of American democracy
2012-01-20, The Guardian (One of the UK's leading newspapers)
Posted: 2012-01-31 15:36:36
http://www.guardian.co.uk/commentisfree/cifamerica/2012/jan/20/us-constitutio...

The corporate barbarians are through the gate of American democracy. Not satisfied with their all-pervasive influence on our culture, economy and legislative processes, they want more. They want it all. Two years ago, the United States supreme court betrayed our Constitution. In its now infamous decision in the Citizens United case, five justices declared that corporations must be treated as if they are actual people under the Constitution when it comes to spending money to influence our elections, allowing them for the first time to draw on the corporate checkbook – in any amount and at any time – to run ads explicitly for or against specific candidates. What's next … a corporate right to vote? When the supreme court says ... that corporations are people, that writing checks from the company's bank account is constitutionally-protected speech and that attempts by the federal government and states to impose reasonable restrictions on campaign ads are unconstitutional, our democracy is in grave danger. Corporations are not people with constitutional rights equal to flesh-and-blood human beings. Corporations are subject to regulation by the people.

Note: For key reports on the overpowering influence of corporate money on the US political system, click here and here.


Calif. 'downer' pig ban blocked by Supreme Court
2012-01-24, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2012-01-31 15:34:39
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/23/MNUN1MTDBQ.DTL

California's ban on the sale of pork from "downer" pigs, those that were too feeble to walk before being slaughtered, can't be enforced because a less stringent federal law regulates slaughterhouse inspections, the U.S. Supreme Court ruled unanimously [on January 23]. State lawmakers enacted the ban in 2008 after a Humane Society video showed immobile cows being kicked, dragged, shocked and rammed with forklifts at a warehouse in San Bernardino County. Advocates said meat from those animals was more likely to be diseased. Federal law forbids the sale of meat from animals suffering from serious diseases, a ban that recent regulations extended to cattle that were unable to walk. But federal law allows meat sales from downer pigs and other nonambulatory animals, like sheep and goats, that pass federal inspection. Court challenges from meat processors and packers prevented the California law from taking effect. A federal appeals court upheld the California statute in 2010, but the Obama administration joined the National Meat Association in a successful Supreme Court appeal. The ruling dismayed the Humane Society of the United States, which has unsuccessfully lobbied Congress and the U.S. Department of Agriculture for nationwide rules like California's. "The meat industry has the USDA and Congress in its tight grips," said the society's president, Wayne Pacelle.

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


Gingrich reaches for the stars (well, the Moon at least)
2012-01-27, The Independent (One of the UK's leading newspapers)
Posted: 2012-01-31 15:32:55
http://www.independent.co.uk/news/world/americas/gingrich-reaches-for-the-sta...

If Newt Gingrich makes it to the White House, America will launch an ambitious programme to colonise the Moon, according to the latest exotic pledge to emerge on the Republican campaign trail. The former House Speaker, who is running Mitt Romney a close second in the race for his party's presidential nomination, made the announcement during a rally on the "space coast" of Florida, where Nasa is a major employer. Mr Gingrich told a crowd that his permanent US Moon base would be established by 2020. And once its population has reached the legal minimum of 13,000, he promised to support any effort by residents to turn the Moon into the 51st state of the USA. "By the end of my second term, we will have the first permanent base on the Moon and it will be American," he said. Admitting that announcing the "bold" vision was the "weirdest thing I have ever done", Mr Gingrich told supporters that if elected president, he would instruct Nasa to send a rocket to Mars within the same time frame. The proposal met with mirth from Mr Gingrich's opponents, who oppose "Big Government" spending at a time when deficit reduction is a Republican mantra. However, it has some chance of support in Florida, where 10,000 jobs were lost after the recent closure of the satellite programme.


Video: Divers find large, unexplained object at bottom of Baltic Sea
2012-01-26, Yahoo News/CNN
Posted: 2012-01-31 15:30:46
http://news.yahoo.com/blogs/sideshow/video-divers-large-unexplained-object-bo...

A team of salvage divers has discovered an unexplained object resting at the bottom of the Baltic Sea near Sweden. "This thing turned up. My first reaction was to tell the guys that we have a UFO here on the bottom," said Peter Lindberg, the leader of the amateur treasure hunters. Sonar readings show that the mysterious object is about 60 meters across, or, about the size of a jumbo jet. And it's not alone. Nearby on the sea floor is another, smaller object with a similar shape. Even more fascinating, both objects have "drag marks" behind them on the sea floor, stretching back more than 400 feet. It could just be another shipwreck. Or, mud. But Lindberg says the ship theory doesn't really hold up because of the unusually large size of the objects. The Baltic Sea is a literal treasure trove for salvage teams and a "shipwreck laboratory" for researchers. The sea's low salinity levels help preserve objects that sink to the bottom. Said sonar expert Ardreas Olsson, "I'm not sure what you will see when you go down. But I'm excited. It's going to be interesting to see what it is."

Note: Watch a CNN video clip of the find at the link above.


Mystery surrounds Air Force's secretive X-37B space plane landing plan
2012-01-22, MSNBC
Posted: 2012-01-31 15:29:12
http://www.msnbc.msn.com/id/46091282/ns/technology_and_science-space

The United States Air Force's secretive X-37B space plane has been circling Earth for more than 10 months, and there's no telling when it might come down. "Because it is an experimental vehicle, they kind of want to see what its limits are," said Brian Weeden, a technical adviser with the Secure World Foundation and a former orbital analyst with the Air Force. The X-37B looks a lot like NASA's now-retired space shuttle, only much smaller. The unmanned vehicle is about 29 feet long by 15 feet wide (8.8 by 4.5 meters), with a payload bay the size of a pickup truck bed. For comparison, two entire X-37Bs could fit inside the payload bay of a space shuttle. Just what the X-37B does for so long while circling our planet remains a mystery, because the space plane's payloads and missions are classified. Partly as a result of the secrecy, some concern has been raised — particularly by Russia and China — that the X-37B might be a space weapon of some sort. But the Air Force has repeatedly denied that charge, claiming that the vehicle's chief task is testing out new technologies for future satellites. The spacecraft is flying repeatedly over the stretch of Earth from 43 degrees north latitude to 43 degrees south latitude. The space plane may be observing the Middle East and Afghanistan with some brand-new spy gear, perhaps instruments optimized to observe in wavelengths beyond the visible-light spectrum.

Note: For lots more on government secrecy from reliable sources, click here.


Morgellons Mystery: No Medical Explanation for ‘Crawling Skin’ Disease
2012-01-26, Time Magazine
Posted: 2012-01-31 15:27:50
http://healthland.time.com/2012/01/26/morgellons-mystery-no-medical-explanati...

The symptoms of the bizarre illness known as Morgellons are enough to make your skin crawl. For patients who say they are suffering from the condition, that sensation is all too real. Sufferers report feeling that bugs are crawling all over their skin or just under it. They have fatigue and painful sores. They also say that they’ve pulled “fibers” and other solid materials ... through their skin, leaving lesions, according to new research by the Centers for Disease Control and Prevention (CDC). The new study — a $600,000 project launched in 2008 in response to a massive swell of interest and inquiries about the condition from lawmakers and patients — sought to determine how common Morgellons is. The new findings suggest that their symptoms may exist only in their minds. CDC researchers took skin biopsies and urine and blood samples to look for infectious diseases, including bacteria or fungus, that could explain the illness. There were none. They looked for environmental causes too, and couldn’t find any. Although the CDC report concluded that no medical explanation for Morgellons can be found, the paper “confirms what anybody who has ever seen a patient with this knows, which is that these patients are suffering greatly and their suffering is real; they shouldn’t be dismissed,” Jason Reichenberg, director of dermatology at the University of Texas Southwestern-Austin, told USA Today.

Note: Remember that the Feds also insisted Lyme disease was a delusion for many years. For a list of FAQ on Morgellons, click here. For more on this intriguing phenomenon, click here and here.


Magic Mushrooms Expand the Mind By Dampening Brain Activity
2012-01-24, Time Magazine
Posted: 2012-01-31 15:24:44
http://healthland.time.com/2012/01/24/magic-mushrooms-expand-the-mind-by-damp...

More than half a century ago, author Aldous Huxley titled his book on his experience with hallucinogens The Doors of Perception. Huxley posited that ordinary consciousness represents only a fraction of what the mind can take in. In order to keep us focused on survival, Huxley claimed, the brain must act as a “reducing valve” on the flood of potentially overwhelming sights, sounds and sensations. What remains, Huxley wrote, is a “measly trickle of the kind of consciousness” necessary to “help us to stay alive.” A new study by British researchers supports this theory. It shows for the first time how psilocybin — the drug contained in magic mushrooms — affects the connectivity of the brain. Researchers found that the psychedelic chemical ... does not work by ramping up the brain’s activity as they’d expected. Instead, it reduces it. Under the influence of mushrooms, overall brain activity drops, particularly in certain regions that are densely connected to sensory areas of the brain. When functioning normally, these connective “hubs” appear to help constrain the way we see, hear and experience the world, grounding us in reality. Psilocybin cuts activity in these nodes and severs their connection to other brain areas, allowing the senses to run free. Huxley ... had predicted what turns out to be a key finding of modern neuroscience: many of the human brain’s highest achievements involve preventing actions instead of initiating them, and sifting out useless information rather than collecting and presenting it for conscious consideration.

Note: There are several excellent links in the full article which show promising results of using these plants to improve mental health and more.


‘Magic Mushrooms’ Trigger Lasting Personality Change
2011-10-03, Time Magazine
Posted: 2012-01-31 15:21:29
http://healthland.time.com/2011/10/03/want-to-feel-younger-more-open-magic-mu...

The psychedelic drug psilocybin (the active ingredient in “magic mushrooms”) may produce lasting, positive changes in personality, new research finds. People who took the drug showed increases in the key personality dimension of openness — being amenable to new ideas, experiences and perspectives — more than a year later. Researchers led by Katherine MacLean, a postdoctoral student at Johns Hopkins University, analyzed personality data on 52 participants (average age 46) who had participated in the group’s earlier research on the drug. These volunteers took psilocybin during two to five sessions, at various doses, under highly controlled conditions at the hospital. The earlier study had found positive psychological changes — documented by both participants and their family members and other associates — in calmness, happiness and kindness. The new research found that the drug takers also saw long-term changes to their underlying personality. The personality changes also ran counter to those expected as people age. Normally, as people grow older, they become increasingly less open to new ideas and new experiences. In contrast, in participants who experienced had what researchers call a “full mystical experience,” the scientists saw a shift toward increased openness, as though the volunteers had become decades younger. People became more curious and more interested in new ideas and experiences and in trying new things.


I believe in Tim Tebow
2012-01-13, ESPN
Posted: 2012-01-31 15:19:24
http://espn.go.com/espn/story/_/id/7455943/believing-tim-tebow

I've come to believe in [NFL star] Tim Tebow for what he does off a football field, which is represent the best parts of us, the parts I want to be and so rarely am. Who among us is this selfless? Every week, Tebow picks out someone who is suffering, or who is dying, or who is injured. He flies these people and their families to the Broncos game, rents them a car, puts them up in a nice hotel, buys them dinner (usually at a Dave & Buster's), gets them and their families pregame passes, visits with them just before kickoff (!), gets them 30-yard-line tickets down low, visits with them after the game (sometimes for an hour), has them walk him to his car, and sends them off with a basket of gifts. Home or road, win or lose, hero or goat. This whole thing makes no football sense, of course. Most NFL players hardly talk to teammates before a game, much less visit with the sick and dying. Isn't that a huge distraction? "Just the opposite," Tebow says. "It's by far the best thing I do to get myself ready. Here you are, about to play a game that the world says is the most important thing in the world. Win and they praise you. Lose and they crush you. And here I have a chance to talk to the coolest, most courageous people. It puts it all into perspective. The game doesn't really matter. I mean, I'll give 100 percent of my heart to win it, but in the end, the thing I most want to do is not win championships or make a lot of money, it's to invest in people's lives, to make a difference."


Moore Asks Inquiry Into Charges on Preparedness Campaign
1917-02-14, New York Times
Posted: 2012-01-31 15:17:52
http://query.nytimes.com/gst/abstract.html?res=9504E7DA1538EE32A25757C1A9649C...

A demand for an investigation of charges printed in the Congressional Record by Representative Oscar Callaway of Texas, a pacifist Democrat, that “the J.P. Morgan interests, the steel shipbuilding, and powder interests” had purchased control of twenty-five great newspapers to further the preparedness campaign, was made in the House today by Representative J. Hampton Moore, a Pennsylvania Republican. Mr. Callaway’s speech, as inserted in The Record charged: “In March, 1915, the J.P. Morgan interests, the steel, shipbuilding and powder interests, and their subsidiary organizations got together twelve men high up in the newspaper world and employed them to select from the most influential papers in the United States in sufficient numbers of them to control generally the policy of the daily press of the United States. They found it was only necessary to purchase the control of twenty-five of the greatest newspapers. [An] editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies and other things of national and international nature considered vital to the interests of the purchasers. The policy also included the suppression of everything in opposition to the wishes of the interests served."

Note: For more showing how the media is controlled by carefully selected people placed by big money and the power elite, click here and here. For a short video of Congressional testimony from the 1970s proving CIA media manipulation, click here. The full text of this revealing article is available free at this link.


Super PAC ads give wealthy loud voice in campaigns
2012-01-21, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2012-01-27 10:45:52
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/20/MN5C1MREB6.DTL

The 2012 campaign will be dominated by wealthy corporations, unions and individuals who can anonymously spend as much as they want in favor of a candidate - thanks to how the Supreme Court decided the Citizens United case two years ago today. The decision gave birth to a new type of political action committee, the super PAC. Analysts [say the ruling] is enabling wealthy interests to be able to shape the political system like never before. The millions of dollars spent fueling this winter's bloodbath of attack ads in the Republican presidential primary is probably just a sneak preview of a stream of ham-fisted political advertising expected this year - all the way down to congressional races. Through organizations with names like Winning Our Future, wealthy interests can furtively fund the type of nasty TV ads that torpedoed then-surging Newt Gingrich before the Iowa caucuses and later carpet-bombed South Carolinians with commercials calling Mitt Romney a job-killing "corporate raider" when he led the Bain Capital private equity firm. At the same time, presidential aspirants can claim that they had nothing to do with the attacks because the presidential campaigns can't legally communicate with the super PACs doing the dirty work. Still, the super PACs in favor of Gingrich and Romney are run by the candidates' former top associates, political pros familiar with their thinking and strategy.

Note: For lots more from reliable, verifiable sources on the serious flaws in the US electoral process, click here.


An end to GM crop development for Europe
2012-01-16, Financial Times
Posted: 2012-01-27 10:44:24
http://www.ft.com/cms/s/2/6e074ee4-403e-11e1-82f6-00144feab49a.html#axzz1jkDc...

BASF, the German chemical giant, is to pull out of genetically modified [GM] plant development in Europe and relocate it to the US, where political and consumer resistance to GM crops is not so entrenched. The headquarters of BASF Plant Science will move from Limburgerhof in south-west Germany to Raleigh, North Carolina, and two smaller sites in Germany and Sweden will close. The company will transfer some GM crop development to the US but stop work on crops targeted at the European market – four varieties of potato and one of wheat. The decision ... signals the end of GM crop development for European farmers. Bayer, BASF’s German competitor, is working on GM cotton and rice in Ghent, Belgium – but not for European markets. “This is another nail in the coffin for genetically modified foods in Europe,” said Adrian Bebb of Friends of the Earth. BASF battled for some 13 years before the European Union approved in 2010 cultivation of its Amflora potato, which was intended to provide high-quality starch for industrial customers. However, German test sites had to be put under constant guard and activists still succeeded in destroying potato fields.

Note: The European public is well aware of the serious threats of GM food, yet the U.S. public, thanks to a controlled media, knows very little about this. For an excellent overview of the threats to health from genetically-modified foods, click here. For key articles from major media sources on these risks, click here.


Genetically engineered fish should be labeled
2012-01-19, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2012-01-27 10:43:08
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/18/EDOL1MQHV5.DTL

The first genetically engineered animal may be about to enter the food supply. This is also the moment for consumers to demand to know what's in their food. Consumers Union, the advocacy arm of Consumer Reports, believes that genetically engineered fish should not be allowed into the food supply unless it is proved safe for humans and the environment. At the very least, it should be labeled. One of the most critical issues before the [Food and Drug Administration] is the potential for genetically engineered fish to cause consumers to experience increased allergic responses. Unfortunately, the FDA allowed AquaBounty Technologies, the company developing the genetically engineered salmon, to declare that there was no increase in allergy-causing potential in their AquAdvantage salmon, based on data from just six engineered fish - even when the data suggested the genetic engineering process itself did increase the allergy-causing potential. Public opinion clearly and consistently supports mandatory labeling. Our polling found that 95 percent of the public wants labeling of genetically engineered animals, while other polls found that only 35 percent of the public said that they would be willing to eat seafood that has been genetically engineered. Consumers sent nearly 400,000 comments to the FDA demanding the agency reject genetically engineered salmon, or at least require that it be labeled.

Note: For an excellent overview of the threats to health from genetically-modified foods, click here.





A Judge Rules Vermont Can’t Shut Nuclear Plant
2012-01-20, New York Times
Posted: 2012-01-27 10:41:41
http://www.nytimes.com/2012/01/20/science/earth/vermont-cant-shut-down-nuclea...

A federal judge on [January 19] blocked Vermont from forcing the Vermont Yankee nuclear reactor to shut down when its license expires in March, saying that the state is trying to regulate nuclear safety, which only the federal government can do. The judge [said] in his ruling that ... state lawmakers and witnesses made clear that their effort to close the plant was "grounded in radiological safety concerns" - the province of the federal Nuclear Regulatory Commission. The commission has already granted Vermont Yankee a 20-year license extension. The ruling is almost certain to be appealed by the state and an array of private groups that want the plant shut down because of leaks of radioactive tritium and other issues. Since Entergy bought Vermont Yankee 10 years ago, public opinion has turned sharply against the plant. After several plants around the country suffered leaks of radioactive water into the soil, state officials asked Vermont Yankee executives in 2009 whether their plant might be susceptible to that problem. The executives said that Vermont Yankee had no underground pipes carrying radioactive material. But it did - and the pipes leaked. The State Senate voted 26 to 4 in 2010 not to authorize the needed certificate.

Note: How convenient for the nuclear power industry that federal judges can block state legislation to shut down dangerous nuclear power plants. For more on corporate and government corruption, click here and here.


Land of the Free, Home of the Poor
2011-08-16, PBS Newshour
Posted: 2012-01-27 10:40:15
http://www.pbs.org/newshour/bb/business/july-dec11/makingsense_08-16.html

Inequality in America. It's a subject that's getting more attention in light of the weak economy and the ongoing debate around budget cuts and raising revenues. Billionaire businessman ... Warren Buffett, who has argued in favor of higher taxes on the wealthiest, [discusses] the growing disparity. WARREN BUFFETT: It should be a land of opportunity. But the ... market system has led to extremes. Everybody in this country owes their good fortune in some way to the rest of the country. DAN ARIELY: People don't understand how much wealth the top 20 percent have. They actually have 84 percent of the wealth. And more disturbingly, people don't understand how little wealth the bottom of the distribution have. The bottom 40 percent of the U.S. have about 0.3 percent of the wealth, basically zero. RICHARD FREEMAN: In the last 30 years or so, the share of national [income] -- of income that has gone to the upper 0.1 percent -- not to the upper 1.0 percent -- 0.1 percent -- rose by 10 percentage points. That is one of the most astounding patterns I have ever seen in data. People sometimes say, oh, the rich, it's the upper 10 percent, it's the upper 5 percent. No, no, this is the 0.1 percent. Warren Buffett has this wonderful statement where he says: Yes, there's been a class war in the United States. And my class, namely the super rich people, have won.

Note: For key articles from major media sources on the extreme income inequality in the US, click here.


10 reasons the U.S. is no longer the land of the free
2012-01-13, Washington Post
Posted: 2012-01-27 10:38:55
http://www.washingtonpost.com/opinions/is-the-united-states-still-the-land-of...

Even as we pass judgment on countries we consider unfree, Americans remain confident that any definition of a free nation must include their own — the land of [the] free. Yet ... in the decade since Sept. 11, 2001, this country has comprehensively reduced civil liberties in the name of an expanded security state. The most recent example of this was the National Defense Authorization Act, signed Dec. 31, which allows for the indefinite detention of citizens. While each new national security power Washington has embraced was controversial when enacted, they are often discussed in isolation. But they don’t operate in isolation. They form a mosaic of powers under which our country could be considered, at least in part, authoritarian. Americans often proclaim our nation as a symbol of freedom to the world while dismissing nations such as Cuba and China as categorically unfree. [Yet] the United States now has much more in common with such regimes than anyone may like to admit. These countries also have constitutions that purport to guarantee freedoms and rights. But their governments have broad discretion in denying those rights and few real avenues for challenges by citizens — precisely the problem with the new laws in this country. The list of powers acquired by the U.S. government since 9/11: 1. Assassination of U.S. citizens. 2. Indefinite detention. 3. Arbitrary justice. 4. Warrantless searches. 5. Secret evidence. 6. War crimes. 7. Secret court. 8. Immunity from judicial review. 9. Continual monitoring of citizens. 10. Extraordinary renditions.

Note: Thank you to the Washington Post for publishing this amazing article revealing the disturbing and severe erosion of freedom and civil liberties in the U.S. ever since 9/11. Written by Professor Jonathan Turley of George Washington University in the nation's capital, this incisive essay lays bare what so many citizens don't know, and what many don't even want to know. Yet, in this case, ignorance is not bliss. Don't miss the full article listing the loss of 10 important civil liberties at this link.


US Army Burns off Final Chemical Weapons in Utah
2012-01-18, ABC News/Associated Press
Posted: 2012-01-27 10:37:16
http://abcnews.go.com/US/wireStory/us-army-burns-off-final-chemical-weapons-u...

The U.S. Army [will have] destroyed about 90 percent of its aging chemical weapons after it wraps up work this week in Utah, where it has kept its largest stockpile — a witches' brew of toxins, blister and blood agents that accumulated through the Cold War. The Army's Deseret Chemical Depot in Utah's west desert burned its last hard weapons in a 1,500-degree furnace on Wednesday. The depot ... at its peak held some 13,600 tons of chemical agents, making it the world's largest. The U.S. is part of an international treaty to rid the world of chemical weapons, a campaign taking place with spotty success around the globe. The goal was supposed to be accomplished by April 29 but will take years longer. The U.S. has acknowledged it will take as long as 2021 to finish destroying the final 10 percent of its chemical weapons. Russia is farther behind in its effort, having destroyed only about 48 percent of a large cache of chemical weapons. Chemical weapons were introduced into warfare during World War I, killing 90,000 troops on battlefields, according to the Organisation of for the Prohibition of Chemical Weapons.


Stock market time bomb?
2010-05-10, Washington Times
Posted: 2012-01-27 10:35:44
http://www.washingtontimes.com/news/2010/may/10/stock-market-time-bomb/?page=all

Even the world’s most savvy stock-market giants (e.g., Warren E. Buffett) have warned over the past decade that derivatives are the fiscal equivalent of a weapon of mass destruction. And the consequences of such an explosion would make the recent global financial and economic crisis seem like penny ante. But generously lubricated lobbyists for the unrestricted, unsupervised derivatives markets tell congressional committees and government regulators to butt out. While banks all over the world were imploding and some $50 trillion vanished in global stock markets, the derivatives market grew by an estimated 65 percent, according the Bank for International Settlements. BIS convenes the world’s 57 most powerful central bankers in Basel, Switzerland, for periodic secret meetings. Occasionally, they issue a cry of alarm. This time, derivatives had soared from $414.8 trillion at the end of 2006 to $683.7 trillion in mid-2008 - 18 months’ time. The derivatives market is now estimated at $700 trillion. What’s so difficult to understand about derivatives? Essentially, they are bets for or against the house - red or black at the roulette wheel. Or betting for or against the weather in situations in which the weather is critical (e.g., vineyards). Forwards, futures, options and swaps form the panoply of derivatives. Credit derivatives are based on loans, bonds or other forms of credit. Over-the-counter (OTC) derivatives are contracts that are traded and privately negotiated directly between two parties, outside of a regular exchange. All of this is unregulated.

Note: Though not from one of the top U.S. newspapers, this incisive article lays bare severe market manipulations that greatly endanger our world. The entire article is highly recommended. $700 trillion is equivalent to $100,000 for every man, woman, and child in the world! Do you think the financial industry is out of control? For lots more powerful, reliable information on major banking manipulations, click here. For a powerful analysis describing just how crazy things have gotten and giving some rays of hope by researcher David Wilcock, click here.


Derivatives the new 'ticking bomb'
2008-03-10, MarketWatch (Part of the Wall Street Journal's digital network)
Posted: 2012-01-27 10:18:21
http://www.marketwatch.com/story/derivatives-are-the-new-ticking-time-bomb

"In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." That warning was in [Warren] Buffett's 2002 letter to Berkshire shareholders. He saw a future that many others chose to ignore. Wall Street didn't listen to Buffett. Derivatives grew into a massive bubble, from about $100 trillion to $516 trillion by 2007. Despite Buffett's clear warnings, a massive new derivatives bubble is driving the domestic and global economies, a bubble that continues growing today parallel with the subprime-credit meltdown triggering a bear-recession. Data on the five-fold growth of derivatives to $516 trillion in five years comes from the most recent survey by the Bank of International Settlements, the world's clearinghouse for central banks in Basel, Switzerland. Keep in mind that while the $516 trillion "notional" value (maximum in case of a meltdown) of the deals is a good measure of the market's size, the 2007 BIS study notes that the $11 trillion "gross market values provides a more accurate measure of the scale of financial risk transfer taking place in derivatives markets." The fact is, derivatives have become the world's biggest "black market," exceeding the illicit traffic in stuff like arms, drugs, alcohol, gambling, cigarettes, stolen art and pirated movies. Why? Because like all black markets, derivatives are a perfect way of getting rich while avoiding taxes and government regulations. And in today's slowdown, plus a volatile global market, Wall Street knows derivatives remain a lucrative business.

Note: $516 trillion is equivalent to $75,000 for every man, woman, and child in the world! Do you think the financial industry is out of control? For lots more powerful, reliable information on major banking manipulations, click here. For a powerful analysis describing just how crazy things have gotten and giving some rays of hope by researcher David Wilcock, 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.

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