News StoriesExcerpts of Key News Stories in Major Media
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.
Anonymous, an online hacker group, released a string of e-mails last week that purportedly show mortgage document fraud at Bank of America. Many people yawned. After all, there have been well-documented cases of mortgage fraud and illegal foreclosures, and little has been done to punish Bank of America or any of the banks for their behavior. But just because the federal government has been slow to act on the mortgage crisis doesn't mean that these e-mails are any less valuable. The e-mails are a chain showing requests for Balboa Insurance employees to remove document tracking numbers from the system of record. Balboa Insurance became a division of Bank of America after the bank bought the bankrupt home loan company Countrywide Financial. The idea suggested in the e-mails was to misplace individual documents away from matching loans. This would make it harder for federal auditors to investigate individual loans. It would also make it far more difficult for individual homeowners to dispute or question bank action on their loans - and therefore obtain mortgage modifications or a stay on bank foreclosure. The Anonymous e-mails are serious indeed. They're a snapshot into why the mortgage mess spiraled out of control. While they don't tell the whole story, they point to the need for further investigation and possible action on behalf of the federal government. When people are losing their homes, the banks shouldn't be allowed to get away with deception.
Note: For a treasure trove of reports by major media sources on the collusion between government and banks against the public interest, click here.
"The facts in the report speak for themselves, but the principles it describes could apply to funds throughout the United States and overseas." That's attorney Philip Khinda, talking about the 75-page report he delivered last week to the California Public Employees' Retirement System on dealings involving former senior executives and board members with so-called placement agents, and how the latter got tens of millions of dollars in questionable fees for their services. The report is the culmination of a 17-month investigation headed by Khinda, a partner at the Washington law firm Steptoe & Johnson, which was hired by CalPERS for the job. Citing the $800 million a year CalPERS was paying out in fees, the report concludes that "the excessive nature created an environment in which external managers were willing and able to pay fees at a level that bore little or no relationship to the services apparently provided by the placement agents ... Many of the abuses relating to placement agent arrangements were, in a sense, a symptom of a larger problem." That larger problem applies, in part, to funds throughout the United States and overseas, ranging from other public pension funds to sovereign wealth funds investing in the United States. With the amount of money at stake, the fat fees involved, and the various middlemen looking for a piece, events similar to what transpired at CalPERS could just as easily appear elsewhere.
Note: For a treasure trove of reports by major media sources on the collusion between government and financial corporations against the public interest, click here.
A Pentagon audit has found that the federal government overpaid a billionaire oilman by as much as $200 million on several military contracts worth nearly $2.7 billion. The audit by the Defense Departments inspector general ... estimated that the department paid the oilman $160 [million] to $204 million more for fuel than could be supported by price or cost analysis. The study also reported that the three contracts were awarded under conditions that effectively eliminated the other bidders. Harry Sargeant III, a well-connected Florida businessman and once-prominent Republican donor, first faced scrutiny over his defense work in October 2008, when he was accused in a congressional probe of using his close relationship with Jordans royal family to secure exclusive rights over supply routes to U.S. bases in western Iraq. Rep. Henry A. Waxman (D-Calif.), who led the probe, ... said in a statement Thursday that the report confirmed what we found in 2008: the International Oil Trading Company overcharged by hundreds of millions of dollars while the Bush administration looked the other way. Waxman called on Sargeant to repay the Pentagon.
Note: For many reports from reliable sources on government corruption, click here.
South of El Paso, Texas, on Mexico's side of the border, lies Juarez - the most dangerous city in the world. ATF [U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives] Special Agent Rene Jaquez has been stationed there for the past year, trying to keep U.S. guns from being trafficked into Mexico. "That's what we do as an agency," Jaquez said. "ATF's primary mission is to make sure that we curtail gun trafficking." That's why Jaquez tells CBS News he was so alarmed to hear his own agency may have done the opposite: encouraged U.S. gun dealers to sell to suspected traffickers for Mexico's drug cartels. Apparently, ATF hoped that letting weapons "walk" onto the street - to see where they'd end up - would help them take down a cartel. Jaquez is so opposed to the strategy, he's speaking out. "You don't let guns walk. I've never let a gun walk." Yet ATF agents told us they were ordered to let thousands of weapons walk. But ATF wasn't working alone on the case known as "Fast and Furious." Documents show ATF had conference calls with "DHS" (Homeland Security). "USMS" (U.S. Marshals) and DEA. An "ICE," or Customs agent, was on ATF's Fast and Furious team. They were advised by an "AUSA," or Assistant U.S. Attorney under the Justice Department. Jaquez says he's left wondering whether runaway violence in Mexico can be partly blamed on the agency tasked with stopping it.
Note: For many reports from reliable sources on government corruption, click here.
A few weeks before the tsunami struck Fukushima’s uranium reactors and shattered public faith in nuclear power, China revealed that it was launching a rival technology to build a safer, cleaner, and ultimately cheaper network of reactors based on thorium. China’s Academy of Sciences said it had chosen a “thorium-based molten salt reactor system”. The liquid fuel idea was pioneered by US physicists at Oak Ridge National Lab in the 1960s. Chinese scientists claim that hazardous waste will be a thousand times less than with uranium. The system is inherently less prone to disaster. “The reactor has an amazing safety feature,” said Kirk Sorensen, a former NASA engineer at Teledyne Brown and a thorium expert. “If it begins to overheat, a little plug melts and the salts drain into a pan. There is no need for computers, or the sort of electrical pumps that were crippled by the tsunami. The reactor saves itself,” he said. US physicists in the late 1940s explored thorium fuel for power. It has a higher neutron yield than uranium, a better fission rating, longer fuel cycles, and does not require the extra cost of isotope separation. The plans were shelved because thorium does not produce plutonium for bombs. As a happy bonus, it can burn up plutonium and toxic waste from old reactors, reducing radio-toxicity and acting as an eco-cleaner.
Note: For a 30-minute documentary on the powerful potential of thorium as an energy source, click here. For many reports from reliable sources on promising new energy technologies, click here.
Ten years ago, when Ron Pernick predicted that solar power would be a $23.5 billion industry by the decade's end, skeptics scoffed. After all, worldwide sales of photovoltaic solar equipment in 2000 were just $2.5 billion. Pernick's prediction had to be wrong. It was. The global solar market last year hit $71.2 billion. Pernick is co-founder and managing director of the Clean Edge Inc. market research firm, and for the last 10 years, his outfit has produced annual tallies of alternative energy sales around the world. The latest report, released today, shows a decade of remarkable growth. The market for solar power, wind power and biofuels still pales when compared with that for fossil fuels (Exxon Mobil, for example, made $383.2 billion last year). But clean-energy technology is no longer stuck in a niche. "It went from relative obscurity 10 years ago to being one of the dominant market forces today," said Pernick. Wind power has grown from a $4 billion global market in 2000 to $60.5 billion in 2010. Ten years ago, alternative energy firms received less than 1 percent of the venture capital invested in the United States. Last year, they got 23 percent, with investments totaling $5.1 billion. For biofuels, the report's data only stretch back to 2005. But in that time, the worldwide market for ethanol, biodiesel and other biofuels has grown from $15.7 billion to $56.4 billion.
Note: For many reports from reliable sources on promising new energy technologies, click here.
Before the Second World War, the Ministry of War confidently predicted what would happen when London was bombed from the air by Nazi planes. There would be, they warned, "a mass outbreak of hysterical neurosis among the civilian population". The same predictions are made about every disaster – that once the lid of a tightly policed civilization is knocked off for a second, humans will become beasts. But the opposite is the case. It sounds grotesque to say we should see reasons for hope as we watch in real time while the earth is shaken six inches on its axis, tsunamis roar, and nuclear power stations teeter on meltdown. But it is true. From this disaster, we can learn something fundamental about our species. The evidence gathered over centuries of disasters, natural and man-made, is overwhelming. The vast majority of people, when a disaster hits, behave in the aftermath as altruists. They organise spontaneously to save their fellow human beings, to share what they have, and to show kindness. They reveal themselves to be better people than they ever expected. When the social scientist Enrico Quarantelli tried to write a thesis on how people descend into chaos and panic after disasters, he concluded: "My God! I can't find any instances of it." On the contrary, he wrote, in disasters "the social order does not break down... Co-operative rather than selfish behaviour predominates".
Note: For a beautiful example of how people come together to help and support each other in the face of a major crisis, read the inspiring "Letter from Sendai" which has gone viral on the Internet at this link.
Fifty years ago, the US Navy locked 17-year-old Glenn Jenkins into a gas chamber within sight of the dome of the US Capitol in Washington. It then poisoned him with mustard and lewisite (arsenic) gas. He never recovered his good health. Nathan Schnurman, another 17-year-old, was asked to test summer uniforms for the navy. He was locked in a small hut heated by a furnace and with a door that could be opened only from the outside. When something went wrong with his mask, he asked over the intercom to come out, but was refused. He vomited into his mask, passed out and had a heart attack. The plight of Mr Jenkins, Mr Schnurman and 2,500 other sailors who were used in what the navy called 'man break' experiments with poison gas, has remained a secret for five decades. Only last week, under pressure from the victims, did the Pentagon agree to let them tell their stories. Many, who had been told that the Espionage Act would be used against them, did not even tell their doctors what had happened. All the survivors, now in their late sixties, tell similar stories. The navy not only volunteered its own men, but for decades after the war also refused to compensate them for crippling injuries. [And] the experiments were for nothing. Mustard gas was used just once in the Second World War by the Allies, and then by accident.
Note: The military has repeatedly condoned horrendous research on live subjects. For a revealing list of highly unethical experimentation on human over the past 75 years, click here. For a concise summary of the government's secret quest to control the mind and human behavior no matter what the cost, click here.
U.S. government officials, in private sessions on Capitol Hill [on Friday, March 18], repeatedly declined to give details of radiation measurements at the stricken Japanese nuclear complex, saying the situation is shrouded in a "fog of war." Separately, the Obama administration said ... "miniscule quantities" of radiation from the Japanese nuclear accident were detected Friday at a monitoring station in Sacramento, Calif., a day after similar traces of radiation were detected in Washington state. The administration said the levels of the radioactive isotope xenon 133 were approximately equivalent to one-millionth the dose received from the sun, rocks or other natural sources. The Obama administration's reluctance to detail in public what it is learning from radiation-detection operations around the damaged Fukushima Daiichi complex in Japan ... comes after statements Wednesday by the head of the U.S. Nuclear Regulatory Commission that painted a grimmer picture of the nuclear crisis than Japanese officials had offered, and suggested that the U.S. didn't trust the information coming from the Japanese government.
Note: Shouldn't the title be something more like "U.S. Refuses to Give Radiation Details for Fear of Industry Repercussions"? How sad that money often continues to trump public health in matters like this.
Thirty-five years ago, Dale G. Bridenbaugh and two of his colleagues at General Electric resigned from their jobs after becoming increasingly convinced that the nuclear reactor design they were reviewing -- the Mark 1 -- was so flawed it could lead to a devastating accident. Five of the six reactors at the Fukushima Daiichi plant, which has been wracked since Friday's earthquake with explosions and radiation leaks, are Mark 1s. "The problems we identified in 1975 were that, in doing the design of the containment, they did not take into account the dynamic loads that could be experienced with a loss of coolant," Bridenbaugh [said]. "The impact loads the containment would receive by this very rapid release of energy could tear the containment apart and create an uncontrolled release." Questions persisted for decades about the ability of the Mark 1 to handle the immense pressures that would result if the reactor lost cooling power. In 1986, for instance, Harold Denton, then the director of NRC's Office of Nuclear Reactor Regulation, spoke critically about the design during an industry conference. Today that design is being put to the ultimate test in Japan.
Note: For lots more from reliable sources on government and corporate corruption, click here and here.
Behind Japan's escalating nuclear crisis sits a scandal-ridden energy industry in a comfy relationship with government regulators often willing to overlook safety lapses. Leaks of radioactive steam and workers contaminated with radiation are just part of the disturbing catalog of accidents that have occurred over the years and been belatedly reported to the public, if at all. In one case, workers hand-mixed uranium in stainless steel buckets, instead of processing by machine, so the fuel could be reused, exposing hundreds of workers to radiation. Two later died. "Everything is a secret," said Kei Sugaoka, a former nuclear power plant engineer in Japan who now lives in California. "There's not enough transparency in the industry." In 1989 Sugaoka received an order that horrified him: edit out footage showing cracks in plant steam pipes in video being submitted to regulators. Sugaoka alerted his superiors in the Tokyo Electric Power Co., but nothing happened — for years. He decided to go public in 2000. Three Tepco executives lost their jobs. The legacy of scandals and cover-ups over Japan's half-century reliance on nuclear power has strained its credibility with the public. That mistrust has been renewed this past week with the crisis at the Fukushima Dai-Ichi plant. The vagueness and scarcity of details offered by the government and Tepco — and news that seems to grow worse each day — are fueling public anger and frustration.
Note: For lots more from reliable sources on government and corporate corruption, click here and here.
For 18 months, operators at the Diablo Canyon nuclear plant near San Luis Obispo didn't realize that a system to pump water into one of their reactors during an emergency wasn't working. It had been accidentally disabled by the plant's own engineers, according to a report ... from the Union of Concerned Scientists watchdog group, [which] lists 14 recent "near misses" - instances in which serious problems at a plant required federal regulators to respond. The report criticizes both plant operators and the Nuclear Regulatory Commission for allowing some known safety issues to fester. The problem at Diablo Canyon ... involved a series of valves that allow water to pour into one of the plant's two reactors during emergencies, keeping the reactor from overheating. A pair of remotely operated valves in the emergency cooling system was taking too long to move from completely closed to completely open. So engineers shortened the distance between those two positions, according to the report. Unfortunately, two other pairs of valves were interlocked with the first. They couldn't open at all until the first pair opened all the way. No one noticed until the valves refused to open during a test in October 2009, 18 months after the engineers made the changes.
Note: For lots more from reliable sources on government and corporate corruption, click here and here.
If any institution needs to get back to basics and refocus on what it takes to survive a disaster - or report on it with integrity - it's the cable news business. The triple threat in Japan - earthquake, tsunami, nuclear reactors in peril - is clearly demonstrating how reporters and anchors are bungling the basics and how the producers and executives in charge of them have fallen woefully short of leadership. Yes, the visuals were riveting and horrific, but context was lacking. Covering this trilogy of terror in Japan really underscores how much better prepared reporters and anchors need to be. The incessantly simplistic and embarrassing questions need to stop. It's a shame that going online to watch videos from NHK, BBC and Al Jazeera English was far and away the best option for Americans.
The horrible and heartbreaking events in Japan present a strange concatenation of disasters. Succumbing to the one-two punch of the earthquake and the tsunami, eleven of Japan’s 54 nuclear power reactors were shut down. Three of them have lost coolant to their cores and have experienced partial meltdowns. The same three have also suffered large explosions. The spent fuel in a fourth caught fire. Now a second filthy wave is beginning to roll — this one composed of radioactive elements in the atmosphere. They include unknown amounts of cesium-137 and iodine-131, which can only have originated in the melting cores or in nearby spent fuel rod pools. The Japanese government has evacuated some 200,000 people in the vicinity of the plants. The second shock was, of course, different from the first in at least one fundamental respect. The first was dealt by Mother Nature, who has thus reminded us of her sovereign power to nourish or punish our delicate planet, its axis now tipping ever so slightly in a new direction. No finger of blame can be pointed at any perpetrator. The second shock, on the other hand, is the product of humankind, and involves human responsibility. Until the human species stepped in, there was no appreciable release of atomic energy from nuclear fission or fusion on earth.
Note: For an excellent list of experiments in which humans, either individually or collectively as a species, are being used as guinea pigs in most unethical and dangerous ways, click here.
Three Metropolitan Police officers are under investigation after they were alleged to have inadvertently recorded themselves arranging to falsely arrest a protester during the student fees demonstrations. The officers, who have not been named, are alleged to have conspired to arrest a 20-year-old man who had broken through the police cordon during the protests at Parliament Square in December. The man was chased and caught and, it is alleged, was then struck in the face with a police riot shield which chipped his tooth. The officers are then alleged to have discussed how to arrest the man and are believed to have concocted a story in which they claimed the man had threatened to cause criminal damage to a nearby building. However one of the officers was wearing sound recording equipment which recorded the chase and arrest of the man and the subsequent conversation between the officers. The officers have each been served with letters telling them that they are now being investigated for gross misconduct and criminal matters – believed to be assault and false arrest. A total of 113 complaints were received by the IPCC about police officers behaviour during the four demonstrations. One of them concerns 20-year-old student Alfie Meadows, who needed brain surgery after he was allegedly struck on the head during a protest in December.
Note: For lots more on government corruption, click here.
Police officer perjury in court to justify illegal dope searches is commonplace. One of the dirty little not-so-secret secrets of the criminal justice system is undercover narcotics officers intentionally lying under oath. It is a perversion of the American justice system that strikes directly at the rule of law. Yet it is the routine way of doing business in courtrooms everywhere in America. Why do police ... show contempt for the law by systematically perjuring themselves? The first reason is because they get away with it. They know that in a swearing match between a drug defendant and a police officer, the judge always rules in favor of the officer. Another reason is the nature of most drug cases and the likely type of person involved. The defendant is poor, uneducated, frequently a minority, with a criminal record, and he does have drugs. But the main reason is that the job of these cops is chasing drugs. Their professional advancement depends on nabbing dopers. It's reinforced by San Francisco's own sorry history of infamous undercover narcotics officers promoted to top levels in the department despite contempt for the law shown by bullying, brutality and perjury in carrying out illegal searches and arrests. So the modern narcotics officer is just following a well-worn path.
Note: For lots more on government corruption, click here.
Michigan lawmakers are on the verge of approving a bill that would enable the governor to appoint "emergency managers" -- officials with unilateral power to make sweeping changes to cities facing financial troubles. Under the legislation ... the governor could declare a "financial emergency" in towns or school districts. He could then appoint a manager to fire local elected officials, break contracts, seize and sell assets, eliminate services - and even eliminate whole cities or school districts without any public input. The measure passed in the state Senate this week; the House passed its own version earlier. Republican Gov. Rick Snyder has said he will sign the bill into law. U.S. Rep. John Conyers, a Democrat who represents Detroit, said in a statement that in a given city, the governor's new "financial czar" could "force a municipality into bankruptcy, a power that will surely be used to extract further concessions from hardworking public sector workers." He said the legislation raises "serious constitutional concerns."
Note: The bill was made law. For more, click here. For a treasure trove of reports from major media sources exposing the control exerted by financial powers on government officials, click here.
Chief State Department spokesman P.J. Crowley quit on [March 13] after causing a stir by describing the military's treatment of the suspected WikiLeaks leaker as "ridiculous" and "stupid," pointed words that forced President Barack Obama to defend the detention as appropriate. Crowley's comments about the conditions for Army Pfc. Bradley Manning at a Marine Corps brig in Quantico, Va., reverberated quickly. Manning is being held in solitary confinement for all but an hour every day, and is stripped naked each night and given a suicide-proof smock to wear to bed. His lawyer calls the treatment degrading. Amnesty International says the treatment may violate Manning's human rights. Crowley, who retired as colonel from the Air Force in 1999 after 26 years in the military, was quoted as telling students at a Massachusetts Institute of Technology seminar on Thursday that he didn't understand why the military was handling Manning's detention that way, and calling it "ridiculous, counterproductive and stupid."
The US military is developing software that will let it secretly manipulate social media sites by using fake online personas to influence internet conversations and spread pro-American propaganda. A Californian corporation has been awarded a contract with United States Central Command (Centcom), which oversees US armed operations in the Middle East and Central Asia, to develop what is described as an "online persona management service" that will allow one US serviceman or woman to control up to 10 separate identities based all over the world. Critics are likely to complain that it will allow the US military to create a false consensus in online conversations, crowd out unwelcome opinions and smother commentaries or reports that do not correspond with its own objectives. The discovery that the US military is developing false online personalities – known to users of social media as "sock puppets" – could also encourage other governments, private companies and non-government organisations to do the same. Once developed, the software could allow US service personnel, working around the clock in one location, to respond to emerging online conversations with any number of co-ordinated messages, blogposts, chatroom posts and other interventions.
Note: The Pentagon claims that the "fake persona" software will not be used on social networks in the United States, because that would break laws against using propaganda on US citizens. How much credence should be given to this assurance?
The U.S. Supreme Court let stand a ruling that drug companies can pay rivals to delay production of generic drugs without violating federal antitrust laws. The justices refused to review a federal appeals court ruling that upheld the dismissal of a legal challenge to a deal between Bayer AG and Teva Pharmaceutical Industries Ltd's Barr Laboratories. Bayer paid Barr to prevent it from bringing to market a version of the antibiotic drug Cipro. The deal, involving Bayer's 1997 settlement of patent litigation with Barr, was challenged by a number of pharmacies, which appealed to the Supreme Court. More than 30 states and various consumer groups supported the appeal. The U.S. Federal Trade Commission has opposed such deals, saying they violate antitrust law and cost consumers an estimated $3.5 billion a year in higher prescription drug prices. It has supported legislation pending in Congress to prohibit such settlements, which it says have increased in recent years. The New York-based appeals court, in its ruling last year, cited its similar 2005 decision involving the drug Tamoxifen, used to treat breast cancer, infertility and other conditions. The Supreme Court declined to review that case. In the Cipro case, the Supreme Court rejected the appeal by the pharmacies without comment.
Note: For lots more from reliable sources on government and corporate corruption, click here and 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.