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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.


Bush Sought 'Way' To Invade Iraq?
2009-02-11, CBS News 60 Minutes
Posted: 2011-09-13 09:13:48
http://www.cbsnews.com/stories/2004/01/09/60minutes/main592330.shtml

[Former Treasury Secretary Paul] O'Neill - who is known for speaking his mind - talks for the first time about his two years inside the Bush administration. His story is the centerpiece of a new book being published this week about the way the Bush White House is run. Entitled The Price of Loyalty, the book by [Ron Suskind,] former Wall Street Journal reporter, draws on interviews with high-level officials who gave the author their personal accounts of meetings with the president, their notes and documents. But the main source of the book was Paul O'Neill. What happened at President Bush's very first National Security Council meeting is one of O'Neill's most startling revelations. "From the very beginning, there was a conviction, that Saddam Hussein was a bad person and that he needed to go," says O'Neill, who adds that going after Saddam was topic "A" 10 days after the inauguration - eight months before Sept. 11. "From the very first instance, it was about Iraq. It was about what we can do to change this regime," says Suskind. "Day one, these things were laid and sealed." As treasury secretary, O'Neill was a permanent member of the National Security Council. He says in the book he was surprised at the meeting that questions such as "Why Saddam?" and "Why now?" were never asked. "It was all about finding a way to do it. That was the tone of it. The president saying 'Go find me a way to do this,'" says O'Neill.

Note: Most wars in the 20th Century were started by false-flag operations; could 9/11 have been yet another one, on a scale large enough to launch a "global" and "endless" war? For an overview, click here.


Reborn
2006-09-12, The Guardian (One of the UK's leading newspapers)
Posted: 2011-09-13 09:11:29
http://www.guardian.co.uk/science/2006/sep/12/health.healthandwellbeing

We have always been told there is no recovery from persistent vegetative state - doctors can only make a sufferer's last days as painless as possible. But is that really the truth? Across three continents, severely brain-damaged patients are awake and talking after taking ... a sleeping pill. Brain-damaged patients are reporting remarkable improvements after taking a pill that should make them fall asleep but that, instead, appears to be waking up cells in their brains that were thought to have been dead. No one yet knows exactly how a sleeping pill could wake up the seemingly dead brain cells, but [researchers] have a hypothesis. After the brain has suffered severe trauma, a chemical known as Gaba (gamma amino butyric acid) closes down brain functions in order to conserve energy and help cells survive. However, in such a long-term dormant state, the receptors in the brain cells that respond to Gaba become hypersensitive, and as Gaba is a depressant, it causes a persistent vegetative state. It is thought that during this process the receptors are in some way changed or deformed so that they respond to zolpidem differently from normal receptors, thus breaking the hold of Gaba. This could mean that instead of sending patients to sleep as usual, it makes dormant areas of the brain function again and some comatose patients wake up.

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


9/11 panel to get access to withheld data
2003-11-13, Boston Globe/Associated Press
Posted: 2011-09-13 08:56:34
http://articles.boston.com/2003-11-13/news/29196061_1_commission-ashley-snee-...

The independent commission investigating the Sept. 11 attacks reached an agreement with the White House yesterday to gain restricted access to years of classified presidential briefings. A four-person subcommittee that will have varying degrees of access to the documents known as Presidential Daily Briefs from the Bush and Clinton administrations. But the accord includes numerous restrictions limiting what parts of briefings can be seen and what parts can later be shared with the rest of the bipartisan panel. The limitations prompted angry condemnations yesterday from two Democratic commissioners -- former Georgia senator Max Cleland and former Indiana representative Timothy Roemer -- who have argued that the commission should be more aggressive in seeking sensitive materials from the Bush administration. Cleland called the agreement "unconscionable" and said it "was deliberately compromised by the president of the United States" in order to limit the panel's work. "If this decision stands, I as a member of the commission cannot look any American in the eye, especially family members of victims, and say the commission had full access," he said. "This investigation is now compromised. This is `The Gong Show'; this isn't protection of national security."

Note: Cleland later resigned from the commission. For the questions of other highly-respected former government officials who are disatisfied with the truthfulness of the 9/11 Commission Report, click here.


‘Top Secret America’: A look at the military’s Joint Special Operations Command
2011-09-02, Washington Post
Posted: 2011-09-07 10:48:32
http://www.washingtonpost.com/world/national-security/top-secret-america-a-lo...

The CIA’s armed drones and paramilitary forces have killed dozens of al-Qaeda leaders and thousands of its foot soldiers. But there is another mysterious organization that has killed even more of America’s enemies in the decade since the 9/11 attacks. Troops from this other secret organization have imprisoned and interrogated 10 times as many [suspects as has the CIA], holding them in jails that it alone controls in Iraq and Afghanistan. Since the Sept. 11, 2001, attacks, this secretive group of men (and a few women) has grown tenfold while sustaining a level of obscurity that not even the CIA managed. “We’re the dark matter. We’re the force that orders the universe but can’t be seen,” a strapping Navy SEAL, speaking on the condition of anonymity, said in describing his unit. The SEALs are just part of the U.S. military’s Joint Special Operations Command, known by the acronym JSOC, which has grown from a rarely used hostage rescue team into America’s secret army, routinely [used] to mount intelligence-gathering missions and lethal raids, mostly in Iraq and Afghanistan, but also in countries with which the United States was not at war, including Yemen, Pakistan, Somalia, the Philippines, Nigeria and Syria. The president has also given JSOC the rare authority to select individuals for its kill list — and then to kill, rather than capture, them. JSOC has grown from 1,800 troops prior to 9/11 to as many as 25,000. It has its own intelligence division, its own drones and reconnaissance planes, even its own dedicated satellites.

Note: This article describing JSOC’s spectacular rise, much of which has not been publicly disclosed before, is adapted from a chapter of the newly released Top Secret America: The Rise of the New American Security State, by Washington Post reporters Dana Priest and William M. Arkin. For lots more on the secret realities of the "Endless War" launched by the 9/11 false-flag operation, click here.


Architect Richard Gage Explains His 9/11 Theory
2011-04-19, WJBK Fox 2 (Detroit Affiliate of Fox News)
Posted: 2011-09-07 10:47:08
https://web.archive.org/web/20110425021238/http://www.myfoxdetroit.com/dpp/ne...

It is a day of infamy – 9/11. The official investigation concluded that intense heat from the crash and the jet fuel melted the support beams causing the [WTC] towers to collapse. But architect Richard Gage doesn't believe that. He is the founder of Architects and Engineers for 9/11 Truth. [Gage:] There is evidence to suggest that explosive demolitions have brought down all three World Trade Center skyscrapers. We have now 1,500 architects and engineers calling for a new investigation based on this evidence, including the third skyscraper that most people know nothing about. This is a 47-story skyscraper that collapses at free fall acceleration, straight down ... into its own footprint just like a controlled demolition. This is extraordinary evidence, along with the chemical evidence of high-tech nanothermite composite explosives or incendiaries found in the all the World Trade Center dust. The architects and engineers are highlighting the specific evidence in these three skyscrapers, because its so clear that they're explosive demolitions. We have [found] in all of this massive quantity of dust ... iron microspheres the size of the diameter of a human hair. Billions of them ... are found. These contain the evidence of ignited thermite. There is no other explanation for them. What the 1,500 architects and engineers that I represent are calling for is an investigation that is thorough that uses the scientific method [and] analyzes all of the evidence. Once this evidence is all analyzed, we'll let the chips fall where they may. We don't have conspiracy theories. What we want is a real investigation.

Note: The text above is taken from the video news report at the Fox News link above. To watch the symmetrical fall of the third World Trade Center building, click here. For lots more reliable, verifiable information questioning the 9/11 official story, see our 9/11 Information Center.


30 Americans Killed Including 22 SEALs When Afghan Insurgents Shoot Down Helicopter
2011-08-06, ABC/Associated Press
Posted: 2011-09-07 10:44:52
http://abcnews.go.com/International/helicopter-shot-25-navy-seals-dead-crash-...

A helicopter was shot down today by Afghan insurgents as it was rushing to aid troops in a firefight, killing 30 Americans, including 22 Navy SEALs, most of whom belonged to Team 6, the unit whose members were involved in the raid that killed Osama bin Laden, U.S. officials said. It's unclear how far away the helicopter was from the initial firefight when it went down and unclear how the troops in the firefight got to the crash location, the official said. Although the Taliban have claimed to have shot the helicopter down, U.S. officials have only identified the attackers as insurgents. The last worst one-day U.S. casualty record in Afghanistan was on June 28, 2005 when 16 U.S. soldiers were killed in Kunar province after a helicopter was shot down by Taliban insurgents.

Note: Many scholars claim Osama bin Laden was already dead long before he was allegedly killed by the Navy Seal Team 6. Isn't it strange the his body was buried at sea, so that the identity of the dead body could never be certain, when those in charge knew about theories that bin Laden wasn't dead. And now, many members of the team that took part in the raid may be dead, so that they can't tell their side of the story. For more evidence that bin Laden died long before the raid, see BBC articles here and here, a Washington Post article, and an article in New Zealand's leading newspaper showing the published death photo was a fake.


Why the Fukushima disaster is worse than Chernobyl
2011-08-29, The Independent (One of the UK's leading newspapers)
Posted: 2011-09-07 10:43:15
http://www.independent.co.uk/news/world/asia/why-the-fukushima-disaster-is-wo...

The triple meltdown and its aftermath at the Fukushima nuclear power plant [have] elevated Japan into unknown, and unknowable, terrain. Across the northeast, millions of people are living with its consequences and searching for a consensus on a safe radiation level that does not exist. Experts give bewilderingly different assessments of its dangers. Some scientists say Fukushima is worse than the 1986 Chernobyl accident, with which it shares a maximum level-7 rating on the sliding scale of nuclear disasters. Chris Busby, a professor at the University of Ulster ... said the disaster would result in more than 1 million deaths. "Fukushima is still boiling its radionuclides all over Japan," he said. "Chernobyl went up in one go. So Fukushima is worse." Slowly, steadily, and often well behind the curve, the government has worsened its prognosis of the disaster. Last Friday, scientists affiliated with the Nuclear and Industrial Safety Agency said the plant had released 15,000 terabecquerels of cancer-causing Cesium, equivalent to about 168 times the 1945 atomic bombing of Hiroshima, the event that ushered in the nuclear age. [But] Professor Busby says the release is at least 72,000 times worse than Hiroshima.

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


N.Y. billing dispute reveals details of secret CIA rendition flights
2011-08-31, Washington Post
Posted: 2011-09-07 10:41:17
http://www.washingtonpost.com/world/national-security/ny-billing-dispute-reve...

Details of shadowy CIA [rendition flights] have emerged in a ... New York courthouse in a billing dispute between contractors. The court documents offer a rare glimpse of the costs and operations of the controversial rendition program. For all the secrecy that once surrounded the CIA program, a significant part of its operation was entrusted to very small aviation companies whose previous experience involved flying sports teams across the country. In the process, the costs and itineraries of numerous CIA flights became part of the court record. The more than 1,500 pages from the trial and appeals court files appear to include sensitive material, such as logs of air-to-ground phone calls made from the plane. These logs show multiple calls to CIA headquarters; to the cell- and home phones of a senior CIA official involved in the rendition program; and to a government contractor, Falls Church-based DynCorp, that worked for the CIA. Attorneys for a London-based legal charity, Reprieve, which has been investigating the CIA program, discovered the Columbia County case and brought the court records to the attention of The Washington Post. “This new evidence tells a chilling story, from the CIA’s efforts to disguise its illegal activities to the price it paid to ferry prisoners to torture chambers across the world,” said Cori Crider, Reprieve’s legal director.

Note: For lots more from reliable sources on the hidden realities behind the "Global War on Terror", click here.


Britain and European governments helped US commit 'countless’ crimes colluding with torture
2011-09-01, The Telegraph (One of the UK's leading newspapers)
Posted: 2011-09-07 10:34:41
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/8735518/Britain-an...

Britain and other European governments have helped the US commit “countless” crimes by colluding with torture and illegal rendition operations in America’s war on terror, Europe’s human rights watchdog has said. Thomas Hammarberg, the Council of Europe’s rights commissioner, accused governments of being “deeply complicit” in illegal activities carried out by the US over the last 10 years, since the September 11 2001 terrorist attacks on New York and Washington. “In attempting to combat crimes attributed to terrorists, countless further crimes have been committed in the course of the US-led 'global war on terror’,” he said. “Many of those crimes have been carefully and deliberately covered up.” A 2007 Council of Europe (COE) report by Dick Marty, Swiss MP, accused Britain and 13 other European governments of allowing the CIA to run secret detention centres, of turning a blind eye to torture and the illegal abductions of terror suspects. Mr Hammerberg accused Europe’s governments of blocking investigations into rendition in line with Washington’s wishes. “So far Europe has granted effective impunity to those who committed crimes in implementing the rendition policy. An urgent rethink is required to prevent this misjudged and failed counter terrorism approach from having a sad legacy of injustice,” said Mr Hammerberg.

Note: For lots more from reliable sources on the hidden realities behind the "Global War on Terror", click here.


35,000 Worldwide Convicted for Terror
2011-09-03, ABC News/Associated Press
Posted: 2011-09-07 10:26:23
http://abcnews.go.com/US/wireStory?id=14441630

At least 35,000 people worldwide have been convicted as terrorists in the decade since the Sept. 11 attacks on the United States. But while some bombed hotels or blew up buses, others were put behind bars for waving a political sign or blogging about a protest. In the first tally ever done of global anti-terror arrests and convictions, The Associated Press documented a surge in prosecutions under new or toughened anti-terror laws, often passed at the urging and with the funding of the West. Before 9/11, just a few hundred people were convicted of terrorism each year. The sheer volume of convictions, along with almost 120,000 arrests, shows ... that dozens of countries are using the fight against terrorism to curb political dissent. The AP used freedom of information queries, law enforcement data and hundreds of interviews to identify 119,044 anti-terror arrests and 35,117 convictions in 66 countries, accounting for 70 percent of the world's population. The actual numbers undoubtedly run higher because some countries refused to provide information. That included 2,934 arrests and 2,568 convictions in the United States, which led the war on terror — eight times more than in the decade before. More than half the convictions came from two countries accused of using anti-terror laws to crack down on dissent, Turkey and China. Turkey alone accounted for a third of all convictions, with 12,897.

Note: For lots more from reliable sources on the hidden realities behind the "Global War on Terror", click here.


Five survivors found from shocking U.S. human experiments
2011-08-30, CBS News/Associated Press
Posted: 2011-09-07 10:25:05
http://www.cbsnews.com/stories/2011/08/30/scitech/main20099438.shtml

Guatemala has tracked down five survivors from a shocking US government research project on sexually transmitted diseases that killed scores of its people. On [August 29], a presidential panel disclosed new details of the medical experiments done in Guatemala in the 1940s, including a decision to re-infect a dying woman in a syphilis study. The Guatemala experiments are already considered one of the darker episodes of medical research in U.S. history, but panel members say the new information indicates that the researchers were unusually unethical, even when placed into the historical context of a different era. "The researchers put their own medical advancement first and human decency a far second," said Anita Allen, a member of the Presidential Commission for the Study of Bioethical Issues. From 1946-48, the U.S. Public Health Service and the Pan American Sanitary Bureau worked with several Guatemalan government agencies to do medical research - paid for by the U.S. government - that involved deliberately exposing people to sexually transmitted diseases. The researchers apparently were trying to see if penicillin, then relatively new, could prevent infections in the 1,300 people exposed to syphilis, gonorrhea or chancroid. Those infected included soldiers, prostitutes, prisoners and mental patients with syphilis. The commission revealed ... that only about 700 of those infected received some sort of treatment. Also, 83 people died.

Note: For a long list of verifiable information on experiments where human were used a guinea pigs, click here.


U.S. scientists knew 1940s Guatemalan STD studies were unethical, panel finds
2011-08-29, Washington Post
Posted: 2011-09-07 10:23:38
http://www.washingtonpost.com/national/health-science/us-scientists-knew-1940...

U.S. government researchers who purposely infected unwitting subjects with sexually transmitted diseases in Guatemala in the 1940s had obtained consent a few years earlier before conducting similar experiments in Indiana, investigators reported [August 29]. The stark contrast between how the U.S. Public Health Service scientists experimented with Americans and Guatemalans clearly shows that researchers knew their conduct was unethical, according to members of the Presidential Commission for the Study of Bioethical Issues. These researchers knew these were unethical experiments, and they conducted them anyway, said Raju Kucherlapati of Harvard Medical School, a commission member. At least 5,500 prisoners, mental patients, soldiers and children were drafted into the experiments, including at least 1,300 who were exposed to the sexually transmitted diseases syphilis, gonorrhea and chancroid, the commission reported. This is a dark chapter in our history. It is important to shine the light of day on it. We owe it to the people of Guatemala who were experimented on, and we owe it to ourselves to recognize what a dark chapter it was, said Amy Gutmann of the University of Pennsylvania, the commissions chairwoman.

Note: For a long list of verifiable information on experiments where human were used a guinea pigs, click here.


WikiLeaks: Iraqi children in U.S. raid shot in head, U.N. says
2011-08-31, Miami Herald/McClatchy Newspapers
Posted: 2011-09-07 10:21:46
http://www.miamiherald.com/2011/08/31/2384554/wikileaks-iraqi-children-in-us....

A U.S. diplomatic cable made public by WikiLeaks provides evidence that U.S. troops executed at least 10 Iraqi civilians, including a woman in her 70s and a 5-month-old infant, then called in an airstrike to destroy the evidence, during a controversial 2006 incident in the central Iraqi town of Ishaqi. The unclassified cable, which was posted on WikiLeaks' website last week, contained questions from a United Nations investigator about the incident. U.S. officials denied at the time that anything inappropriate had occurred. But Philip Alston, the U.N.'s special rapporteur on extrajudicial, summary or arbitrary executions, said in a communication to American officials dated 12 days after the March 15, 2006, incident that autopsies performed in the Iraqi city of Tikrit showed that all the dead had been handcuffed and shot in the head. Among the dead were four women and five children. The children were all 5 years old or younger. Alston said that as of 2010 - the most recent data he had - U.S. officials hadn't responded to his request for information and that Iraq's government also hadn't been forthcoming. He said the lack of response from the United States "was the case with most of the letters to the U.S. in the 2006-2007 period," when fighting in Iraq peaked. Alston said he could provide no further information on the incident. "The tragedy," he said, "is that this elaborate system of communications is in place but the (U.N.) Human Rights Council does nothing to follow up when states ignore issues raised with them."

Note: For lots more on the atrocities and secret realities of the "Endless War" launched by the 9/11 false-flag operation, click here.


WikiLeaks Prompts New Diplomatic Uproar
2011-09-01, New York Times
Posted: 2011-09-07 10:20:06
http://www.nytimes.com/2011/09/01/us/01wikileaks.html

News organizations in dozens of countries are panning for nuggets in the latest and largest dump of diplomatic cables by WikiLeaks, which last week suddenly accelerated its posting of the confidential State Department documents. Over a few days, the group made public nearly 134,000 cables — more than six times the total number published by WikiLeaks and many news organizations over the past nine months. On top of the new WikiLeaks posting, news media reports have suggested that a file containing all 251,287 diplomatic cables obtained by WikiLeaks last year might soon be made public. Late Wednesday, WikiLeaks accused the British newspaper The Guardian of revealing a secret password that could lead to the exposure of the entire cable collection. In a statement, the group said it was that expectation that prompted its release of the cables. WikiLeaks has been a magnet for controversy since it began large-scale disclosures of American documents last year, and the new release stirred the same strong emotions. A cyberattack took down the main WikiLeaks Web site for a time on Tuesday, and speculation about possible perpetrators ranged from a number of governments to former WikiLeaks associates now estranged from Mr. Assange. The State Department spokeswoman, Victoria Nuland, while declining to confirm the cables’ authenticity, denounced the disclosure of classified information. Most of the cables are unclassified, but some are classified up to the level of “secret.”

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


While Wall St. flourishes, Main St. flounders
2011-08-29, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2011-09-07 10:18:25
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/08/28/EDKO1KRVJM.DTL

What if we stood up for Main Street? Corporations and elected officials are making decisions that are impacting our lives, and we are at their mercy. Americans, many [of] whose lives have been destroyed by the 2008 subprime mortgage market disaster, resent the lack of accountability on the part of Wall Street for its role in this scandal. Few have been indicted for the market collapse and resulting meltdown of the global economy. After the federal government bailed out the financial institutions, it is back to business as usual. Corporate profits are accumulating and bonuses are raining down on the very players who created the bubble and crash in the first place. On the other hand, the taxpayers who bailed out Wall Street aren't doing so well. Instead of bonuses, we are suffering from unemployment and underemployment of epic proportions. Homeowners continue to lose their homes to foreclosure, and homelessness is on the rise. Public services, public safety and public welfare funding is being cut back or cut out. Public education has been decimated. American corporations have lost all sense of responsibility for U.S. citizens. While the U.S. economy fights to survive, corporations have turned their backs on those whose tax dollars kept our ship of state from sinking. Sending jobs overseas might improve corporate profit margins, but at what expense to the workforce and U.S. economy? These decisions have devastated American workers' lives. So, what needs to be done? What if we begin to stand up for Main Street?

Note: For a treasure trove of reports detailing the criminal collusion between the federal government and Wall Street financial corporations, click here.


Study: Top CEOs earned more than companies paid in tax
2011-09-01, Chicago Tribune/Reuters
Posted: 2011-09-07 10:15:18
http://www.chicagotribune.com/business/ct-biz-0901-ceo-pay-20110901,0,261944....

Twenty-five of the 100 highest-paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study by a Washington think tank said [on August 31]. The Institute for Policy Studies said it also found many of the companies spent more on lobbying than they did on taxes. The institute compared CEO pay with current U.S. taxes paid, excluding foreign, state and local taxes that may have been paid, as well as deferred taxes, which can often be far larger than current taxes paid. The group's rationale was that U.S. taxes paid are the closest approximation in public documents to what companies may have actually written a check for last year. It said deferred taxes may or may not be paid. Among the companies topping the IPS list: •EBay, whose CEO John Donahoe made $12.4 million, but which reported a $131 million refund on its 2010 current U.S. taxes. •Boeing, which paid CEO Jim McNerney $13.8 million, sent in $13 million in federal income taxes and spent $20.8 million on lobbying and campaign spending. •General Electric, where CEO Jeff Immelt earned $15.2 million in 2010, while the company got a $3.3 billion federal refund and invested $41.8 million in its own lobbying and political campaigns.

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


Is Homeland Security spending paying off?
2011-08-28, Los Angeles Times
Posted: 2011-09-07 10:12:39
http://www.latimes.com/news/nationworld/nation/la-na-911-homeland-money-20110...

A decade after the Sept. 11, 2001, attacks on the World Trade Center and the Pentagon, federal and state governments are spending about $75 billion a year on domestic security, setting up sophisticated radio networks, upgrading emergency medical response equipment, installing surveillance cameras and bombproof walls, and outfitting airport screeners to detect an ever-evolving list of mobile explosives. But how effective has that 10-year spending spree been? "The number of people worldwide who are killed by Muslim-type terrorists, Al Qaeda wannabes, is maybe a few hundred outside of war zones. It's basically the same number of people who die drowning in the bathtub each year," said John Mueller, an Ohio State University professor who has written extensively about the balance between threat and expenditures in fighting terrorism. "So if your chance of being killed by a terrorist in the United States is 1 in 3.5 million, the question is, how much do you want to spend to get that down to 1 in 4.5 million?" he said. The vast network of Homeland Security spyware, concrete barricades and high-tech identity screening is here to stay. The Department of Homeland Security, a collection of agencies ranging from border control to airport security sewn quickly together after Sept. 11, is the third-largest Cabinet department and — with almost no lawmaker willing to render the U.S. less prepared for a terrorist attack — one of those least to fall victim to budget cuts.

Note: For a powerful article that goes much deeper into huge sums of money wasted in the war on terror by journalist Glenn Greenwald, click here.


The race is on for Libya's oil, with Britain and France both staking a claim
2011-09-01, The Guardian (One of the UK's leading newspapers)
Posted: 2011-09-07 10:11:12
http://www.guardian.co.uk/world/2011/sep/01/libya-oil

The starting pistol has been fired on bids by Britain and other western powers to secure a slice of the oil prize in Libya when France said it was "fair and logical" for its companies to benefit. Alain Juppé, the French foreign minister, [told] the Guardian ... that BP was already holding private talks with members of Libya's interim government. Rebel leaders had already made clear that countries active in supporting their insurrection – notably Britain and France – should expect to be treated favourably once the dust of war had settled. [But] the new Tripoli government has denied the existence of a reported secret deal by which French companies would control more than a third of Libya's oil production in return for Paris's support for the revolution. The letter referring to the reported deal [was published] in the French daily newspaper Libération. It purported to show an undertaking by the National Transitional Council (NTC) to reserve "35% of total crude oil in exchange for the total and permanent support for our council".

Note: The descent of the corporate vultures on the corpse of Libya clearly exposes the profiteering which motivates modern war. For key reports on corporate and government corruption from major media sources, click here and here.


Schools chief forgoes $800k in pay
2011-08-29, Boston Globe/Associated Press
Posted: 2011-09-07 10:09:21
http://articles.boston.com/2011-08-29/news/29942045_1_school-board-first-year...

Some people give a bit back to their community. Then there’s Fresno County School Superintendent Larry Powell, who is giving back $800,000, his compensation for the next three years. Until his term expires in 2015, Powell will run 325 schools and 35 school districts with 195,000 students, all for less than a starting California teacher earns. “How much do we need to keep accumulating?’’ asks Powell, 63. “There’s no reason for me to keep stockpiling money.’’ Powell’s generosity is more than just a gesture in a region with some of the nation’s highest rates of unemployment. As he prepares for retirement, he wants to ensure that his pet projects survive California budget cuts. And the man who started his career as a high school civics teacher, who has made antibullying his mission, hopes his act of generosity will help restore faith in the government he once taught students to respect. Powell’s answer? Ask his board to allow him to return $288,241 in salary and benefits for the next three and a half years of his term. He technically retired, then agreed to be hired back to work for $31,000 a year - $10,000 less than a first-year teacher - with no benefits.


Wall Street Aristocracy Got $1.2 Trillion in Secret Loans
2011-08-22, Businessweek/Bloomberg News
Posted: 2011-08-30 11:14:22
http://www.businessweek.com/news/2011-08-22/wall-street-aristocracy-got-1-2-t...

Citigroup Inc. and Bank of America Corp. were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits. By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret. Fed Chairman Ben S. Bernanke’s [actions] included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley, got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress. It wasn’t just American finance. Almost half of the Fed’s top 30 borrowers, measured by peak balances, were European firms. Data gleaned [under the Freedom of Information Act] make clear for the first time how deeply the world’s largest banks depended on the U.S. central bank to stave off cash shortfalls. Even as the firms asserted in news releases or earnings calls that they had ample cash, they drew Fed funding in secret.

Note: For a treasure trove of information from reliable sources on the government transfer of public assets to private banks and financial corporations, click here.


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