Secrecy News Stories

Excerpts of Key Secrecy News Stories in Major Media

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Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

The murder of President Kennedy was a seminal event for me and for millions of Americans. It changed the course of history. It was a crushing blow to our country and to millions of people around the world. Today, ... profound doubts persist about how President Kennedy was killed and why. My film "JFK" was a metaphor for all those doubts, suspicions and unanswered questions. Now an extraordinary new book offers the best account I have read of this tragedy and its significance. That book is James Douglass's JFK and the Unspeakable: Why He Died and Why It Matters. In his beautifully written and exhaustively researched treatment, Douglass lays out the "motive" for Kennedy's assassination. Simply, he traces a process of steady conversion by Kennedy from his origins as a traditional Cold Warrior to his determination to pull the world back from the edge of destruction. Many of these steps are well known, such as Kennedy's disillusionment with the CIA after the disastrous Bay of Pigs Invasion, and his refusal to follow the reckless recommendations of the Joint Chiefs of Staff in resolving the Cuban Missile Crisis. But many of his steps remain unfamiliar: Kennedy's back-channel dialogue with Khrushchev and their shared pursuit of common ground; his secret opening to dialogue with Fidel Castro (ongoing the very week of his assassination); and his determination to pull out of Vietnam after his probable re-election in 1964. All of these steps caused him to be regarded as a virtual traitor by elements of the military-intelligence community. These were the forces that planned and carried out his assassination.

Note: For more on this important book, click here. For an excellent collection of the best information, videos, books, and essays on the John F. Kennedy assassination, click here.

Israel has 80 nuclear warheads and the potential to double that number, according to a new report by U.S. experts. In the Global Nuclear Weapons Inventories, recently published in the Bulletin of the Atomic Scientists, proliferation experts Hans M. Kristensen and Robert S. Norris write that Israel stopped production of nuclear warheads in 2004. But the country has enough fissile material for an additional 115 to 190 warheads, according to the report, meaning it could as much as double its arsenal. Previous estimates have been higher but the new figures agree with the 2013 Stockholm International Peace Research Institute yearbook on armament and international security. The yearbook estimated 50 of Israel's nuclear warheads were for medium-range ballistic missiles and 30 were for for bombs carried by aircraft. Although widely assumed a nuclear power, Israel has never acknowledged possessing nuclear weapons or capabilities and continues to maintain its decades-old "strategic ambiguity" policy on the matter, neither confirming nor denying foreign reports on the issue. In 1986, Mordechai Vanunu, an Israeli nuclear technician, leaked the country's alleged nuclear secrets to a British newspaper, and said Israel had at least 100 nuclear weapons. Vanunu was later convicted of espionage and treason and was released from jail in 2004 after serving 17 years. Israel continued to adhere to its vagueness policy after comments made by then-Prime Minister Ehud Olmert in 2006 were interpreted by many as an inadvertent confirmation that Israel had nuclear weapons.

Note: For more on government secrecy, see the deeply revealing reports from reliable major media sources available here.

Acting on the suggestion of her top data crunchers at the department’s Centers for Medicare and Medicaid Services (CMS), Health and Human Services Secretary Kathleen Sebelius released an enormous data file on May 8 that reveals the list—or “chargemaster”—prices of all hospitals across the country for the 100 most common inpatient treatment services in 2011. It then compares those prices with what Medicare actually paid hospitals for the same treatments—which was typically a fraction of the chargemaster prices. As a result, Americans are a big step closer to being able to compare what hospitals charge them for goods and services with what they actually cost. There are two reasons Sebelius’ release of this newly crunched, massive data file is a great first step toward a new transparency in health care costs. First, it reveals the vast disparity between what hospitals charge for pills, procedures and operations and the real cost of those services, as calculated by Medicare. The second reason the compilation and release of this data is a big deal is that it demonstrates [that] most hospitals’ chargemaster prices are wildly inconsistent and seem to have no rationale. Thus the release of this fire hose of data—which prints out at 17,511 pages—should become a tip sheet for reporters in every American city and town, who can now ask hospitals to explain their pricing. In the through-the-looking-glass world of health care economics, those who are asked to pay chargemaster rates are often under-insured or lack insurance altogether. Moreover, insurers typically negotiate discounts off the grossly inflated chargemaster prices ($77 for a box of gauze pads!), so the chargemaster matters for insured patients too.

Note: For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.

The National Security Agency routinely shares raw intelligence data with Israel without first sifting it to remove information about US citizens, a top-secret document provided to the Guardian by whistleblower Edward Snowden reveals. Details of the intelligence-sharing agreement are laid out in a memorandum of understanding between the NSA and its Israeli counterpart that shows the US government handed over intercepted communications likely to contain phone calls and emails of American citizens. The agreement places no legally binding limits on the use of the data by the Israelis. The disclosure that the NSA agreed to provide raw intelligence data to a foreign country contrasts with assurances from the Obama administration that there are rigorous safeguards to protect the privacy of US citizens caught in the dragnet. The five-page memorandum, termed an agreement between the US and Israeli intelligence agencies "pertaining to the protection of US persons", repeatedly stresses the constitutional rights of Americans to privacy and the need for Israeli intelligence staff to respect these rights. But this is undermined by the disclosure that Israel is allowed to receive "raw Sigint" – signal intelligence. The memorandum says: "Raw Sigint includes, but is not limited to, unevaluated and [unredacted] transcripts, gists, facsimiles, telex, voice and Digital Network Intelligence metadata and content." According to the agreement, the intelligence being shared would not be filtered in advance by NSA analysts to remove US communications.

Note: For more on the realities of intelligence agency operations, see the deeply revealing reports from reliable major media sources available here.

America's National Security Agency may hold crucial evidence about one of the greatest unsolved mysteries of the Cold War — the cause of the 1961 plane crash which killed United Nations Secretary-General Dag Hammarskjold, a commission of prominent jurists says. Widely considered the U.N.'s most effective chief, Hammarskjold died as he was attempting to bring peace to the newly independent Congo. It's long been rumored that his DC-6 plane was shot down, and an independent commission set up to evaluate new evidence surrounding his death on [September 9] recommended a fresh investigation — citing radio intercepts held by the NSA as the possible key to solving the case. Hammerskjold's aircraft went down on the night of Sept. 17, 1961, smashing into a forested area just short of Ndola Airport in modern-day Zambia. A host of hard-to-answer questions about the crash have led to a glut of conspiracy theories. Among them: Why did it take 15 hours to find the wreckage, just a few miles from the airport? Why did Hammarskjold's bodyguard, who survived the crash for a few days, say that the plane "blew up"? Why did witnesses report seeing sparks, flashes, or even another plane? Hammarskjold was flying into a war zone infested with mercenaries and riven by Cold War tension. Foreign multinationals coveted [Congo's] vast mineral wealth and the country was challenged by a Western-backed insurgency in Katanga, which hosted mining interests belonging to United States, Britain, and Belgium.

Note: For more on government secrecy, see the deeply revealing reports from reliable major media sources available here.

Over decades and diverse administrations, justifications for the use of force - limited and full scale - have constantly revolved around weapons of mass destruction. Protection against them, real and imaginary, has served [as] justification for government excess and a curtailment of our freedoms. We stop everything because it is WMD and we fret about the consequences of both action and inaction because it is WMD. We do so because of a little known and little understood entity that truly drives American national security practices: It's called the Program. Founded in the darkest days of nuclear threat during the Eisenhower administration, the Program began as a limited system given responsibility for survival of the government. The nuclear arms race ended, but the Program never completely went away. And since 9/11, like everything else about national security, its mission and focus have expanded. The Program exists through a system of sealed envelopes - four dozen formal Presidential Emergency Action Documents more secret than anything that has been revealed about the National Security Agency of late, arrangements that instruct a surviving entity of what to do if a nation-destroying calamity befalls Washington or the United States. Because Doomsday is now thought by the experts in government to be any day, and because the potential battlefield is anyplace and every place, the work of the Program, and its power, have dramatically expanded. A survival apparatus operates behind the scenes as if survival is perpetually and instantly at stake.

Note: The author of this analysis, William M. Arkin, has written American Coup: How a Terrified Government is Destroying the Constitution, and is co-author of the best-selling book and newspaper series Top Secret America: The Rise of the New American Security State.

U.S. spy agencies have built an intelligence-gathering colossus since the attacks of Sept. 11, 2001, but remain unable to provide critical information to the president on a range of national security threats, according to the government’s top-secret budget. The $52.6 billion “black budget” for fiscal 2013, obtained by The Washington Post from former intelligence contractor Edward Snowden, maps a bureaucratic and operational landscape that has never been subject to public scrutiny. Although the government has annually released its overall level of intelligence spending since 2007, it has not divulged how it uses the money or how it performs against the goals set by the president and Congress. The 178-page budget summary for the National Intelligence Program details the successes, failures and objectives of the 16 spy agencies that make up the U.S. intelligence community, which has 107,035 employees. Among the notable revelations in the budget summary: Spending by the CIA has surged past that of every other spy agency, with $14.7 billion in requested funding for 2013. The figure vastly exceeds outside estimates and is nearly 50 percent above that of the National Security Agency, which conducts eavesdropping operations and has long been considered the behemoth of the community. The CIA and the NSA have begun aggressive new efforts to hack into foreign computer networks to steal information or sabotage enemy systems, embracing what the budget refers to as “offensive cyber operations.”

Note: For more on the realities of intelligence operations, see the deeply revealing reports from reliable major media sources available here.

There was a time when the U.S. National Security Agency was so secretive that government officials dared not speak its name in public. NSA, the joke went, stood for "No Such Agency." That same agency this month held an on-the-record conference call with reporters, issued a lengthy press release to rebut a newspaper story, and posted documents on a newly launched open website - icontherecord.tumblr.com (which stands for intelligence community on the record). The steps were taken under pressure as President Barack Obama's administration tries to calm a public storm over disclosures by former NSA contractor Edward Snowden. The NSA's moves out of the shadows were meant to show that it operates lawfully..., but not everyone is convinced that it is a fundamental shift toward more openness at the intelligence agencies. Jameel Jaffer, deputy legal director at the American Civil Liberties Union, said the [disclosures] should not be viewed as a huge shift toward transparency by the administration. "In fact, on the same day the president promised more transparency on surveillance issues, the CIA filed a brief in one of our 'targeted killing' cases arguing that it could not release legal memos about the drone program, could not release civilian casualty numbers, and for that matter could not even acknowledge that the agency had played any role in targeted killings," Jaffer said.

Note: For more on the realities of intelligence operations, see the deeply revealing reports from reliable major media sources available here.

The Guardian has agreed with the New York Times to give the U.S. newspaper access to some classified documents leaked by former National Security Agency contractor Edward Snowden, both papers said on [August 23]. In a brief story posted on its website, the Guardian said it "struck a partnership" with the Times after the British government threatened the Guardian with legal action unless it either surrendered or destroyed files it received from Snowden about Government Communications Headquarters - Britain's equivalent of NSA. The Times' executive editor, Jill Abramson, confirmed the collaboration. A source familiar with the matter said the partnership deal had been struck several weeks ago and that Abramson was personally involved in negotiating it. The Guardian said in its story that its partnership with the Times would enable it to "continue exposing mass surveillance by putting the Snowden documents on GCHQ beyond government reach." The Times and the Guardian previously collaborated on stories related to alleged phone hacking by British tabloid newspapers and on coverage of secret U.S. military and diplomatic documents made available by U.S. Army soldier Bradley Manning to the WikiLeaks website.

Note: For more on the NSA spying scandal, see the deeply revealing reports from reliable major media sources available here.

For reasons unknown, the government finally has admitted that Area 51 — the Shangri-La of alien hunters and a sturdy trope of science-fiction movies — is a real place in the Mojave Desert about 100 miles north of Las Vegas. Area 51 is confirmed in declassified CIA documents posted online [by] the National Security Archive at George Washington University. A dogged researcher pried from the CIA a report on the history of the U-2 spy plane, which was tested and operated at Area 51. The military, which runs the base, always denied that Area 51 was called by its famous moniker. “Your honor, there is no name,” an Air Force attorney told a federal judge in 1995. “There is no name for the operating location near Groom Lake.” The hearing was part of an environmental poisoning case brought by Area 51 workers who said that they had been sickened by exposure to toxic chemicals ... burned in open pits on the base. The men could tell no one what they did; they had signed national-security oaths barring any disclosures about the black-budget facility, where the stealth bomber also was tested. National Security Archive fellow Jeffrey Richelson [filed a FOIA] request in 2005 and the documents arrived about a month ago. Therein, the first-ever reference to Area 51. Why was the veil finally lifted? “It is something we do not know the answer to,” Richelson said. “One of the things I want to find out is the genesis of this decision: Why did they not redact it?” The secrecy surrounding Area 51 amplified conspiracy theories claiming it was infested with extraterrestrials — a notion popularized in movies such as “Independence Day” and, more recently, “Super 8.”

Note: After denying its existence for so many years, the government admits it was lying all along. What else aren't they telling us? For powerful, reliable information suggesting a major cover-up around UFOs, click here.

The partner of the Guardian journalist [Glenn Greenwald], who has written a series of stories revealing mass surveillance programmes by the US National Security Agency, was held for almost nine hours ... by UK authorities as he passed through London's Heathrow airport on his way home to Rio de Janeiro. David Miranda ... was returning from a trip to Berlin when he was stopped by officers at 8.05am and informed that he was to be questioned under schedule 7 of the Terrorism Act 2000. The controversial law, which applies only at airports, ports and border areas, allows officers to stop, search, question and detain individuals. The 28-year-old was held for nine hours, the maximum the law allows before officers must release or formally arrest the individual. According to official figures, most examinations under schedule 7 – over 97% – last less than an hour, and only one in 2,000 people detained are kept for more than six hours. Miranda was released, but officials confiscated electronics equipment including his mobile phone, laptop, camera, memory sticks, DVDs and games consoles. "This is a profound attack on press freedoms and the news gathering process," Greenwald said. "To detain my partner for a full nine hours while denying him a lawyer, and then seize large amounts of his possessions, is clearly intended to send a message of intimidation to those of us who have been reporting on the NSA and GCHQ. The actions of the UK pose a serious threat to journalists everywhere. But the last thing it will do is intimidate or deter us in any way from doing our job as journalists. Quite the contrary: it will only embolden us more to continue to report aggressively."

Note: For more on government attacks on civil liberties, see the deeply revealing reports from reliable major media sources available here.

Two US senators on the intelligence committee said [that] thousands of annual violations by the National Security Agency on its own restrictions were "the tip of the iceberg." "The executive branch has now confirmed that the rules, regulations and court-imposed standards for protecting the privacy of Americans' have been violated thousands of times each year," said senators Ron Wyden and Mark Udall, two leading critics of bulk surveillance, who responded [to] a Washington Post story based on documents provided by whistleblower Edward Snowden. "We have previously said that the violations of these laws and rules were more serious than had been acknowledged, and we believe Americans should know that this confirmation is just the tip of a larger iceberg." On July 31, Wyden, backed by Udall, vaguely warned other senators in a floor speech that the NSA and the director of national intelligence were substantively misleading legislators by describing improperly collected data as a matter of innocent and anodyne human or technical errors. In keeping with their typically cautious pattern when discussing classified information, Wyden and Udall did not provide details about their claimed "iceberg" of surveillance malfeasance. But they hinted that the public still lacks an adequate understanding of the NSA's powers to collect data on Americans under its controversial interpretation of the Patriot Act. "We believe the public deserves to know more about the violations of the secret court orders that have authorized the bulk collection of Americans' phone and email records under the Patriot Act," [they] said.

Note: For more on massive surveillance, see the deeply revealing reports from reliable major media sources available here.

It has been an infuriating few days for anyone who values the freedom of the press, as authorities in the United Kingdom resorted to the tactics of tyrants and thugs to squelch reporting that they simply don't like. In acts clearly calibrated for optimal intimidation, they have detained the partner of a journalist, threatened to shut down a reporting operation that has prompted a critical public debate over government spying and forced the destruction of a major publication's hard drives. It's breathtaking in its audacity - and if it comes to light that the U.S. government took any part in organizing, encouraging or supporting these acts, it will warrant immediate congressional investigation. As it is, the accelerating assaults on investigative journalism [indicate the need for] stronger protections for journalists and their sources. Using laws designed to ferret out suspected terrorists to detain a person aiding acts of journalism is a cut-and-dried abuse of government power, an act of intimidation that may well be illegal - and certainly should be. It gives the lie to the naive but oft-repeated notion that if you've done no wrong, you have nothing to fear. Such attacks on investigative journalism here and abroad appear to be escalating. The Justice Department has been caught spying on reporters at the Associated Press, and named a Fox News reporter a "co-conspirator" in a leak inquiry. Judges have threatened reporters at both the New York Times and Fox News with jail time for refusing to disclose their sources.

Note: For more on government attacks on civil liberties, see the deeply revealing reports from reliable major media sources available here.

Guardian editors on [August 20] revealed why and how the newspaper destroyed computer hard drives containing copies of some of the secret files leaked by Edward Snowden. The decision was taken after a threat of legal action by the government that could have stopped reporting on the extent of American and British government surveillance revealed by the documents. It resulted in one of the stranger episodes in the history of digital-age journalism. On Saturday 20 July, in a deserted basement of the Guardian's King's Cross offices, a senior editor and a Guardian computer expert used angle grinders and other tools to pulverise the hard drives and memory chips on which the encrypted files had been stored. As they worked they were watched by technicians from Government Communications Headquarters (GCHQ) who took notes and photographs, but who left empty-handed. The editor of the Guardian, Alan Rusbridger, had earlier informed government officials that other copies of the files existed outside the country and that the Guardian was neither the sole recipient nor steward of the files leaked by Snowden, a former National Security Agency (NSA) contractor. But the government insisted that the material be either destroyed or surrendered. The British government has attempted to step up its pressure on journalists, with the detention in Heathrow on Sunday of David Miranda, the partner of Glenn Greenwald, who has led the Guardian's US reporting on the files.

Note: For more on government attacks on civil liberties, see the deeply revealing reports from reliable major media sources available here.

Nat Rothschild, the financier at the centre of allegations that threaten to engulf the shadow Chancellor, George Osborne, is no stranger to laws which forbid politicians from accepting donations from abroad. Political donations from overseas are also illegal in the US, where John McCain's campaign team is under investigation for allegedly accepting a benefit in kind from two mega-rich British citizens, namely Nat Rothschild and his father, Jacob, the Fourth Baron Rothschild. In April, Mr McCain passed through London and spoke at a fund-raising dinner for expatriate Americans, where seats at the cheapest tables cost Ł500 a head. What caught the eye of Judicial Watch, a Washington-based foundation dedicated to combating corruption, was that the event was held "by kind permission of Lord Rothschild and Hon Nathaniel Rothschild" at the family home in Spencer House, St James's, the only privately owned 17th-century palace in central London. The Rothschild family and politics have been intertwined for generations, ever since Nathan Rothschild, who founded the English branch of the family business, financed Britain's war against Napoleon two centuries ago. Serena Rothschild, Nat Rothschild's mother, was one of the largest individual donors to the Conservative Party last year. She gave Ł190,000. She has also helped fund Mr Osborne's office. When another member of the clan, Sir Evelyn de Rothschild, married the New York businesswoman Lynn Forester, they spent the night of their wedding dinner in the White House as guests of Bill Clinton. Lady Rothschild was a fund-raiser for the Democrats. So it is nothing new for a Rothschild to be mixing with prominent politicians.

Note: For more on secrecy in high places, see the deeply revealing reports from reliable major media sources available here.

As if they weren't already well-connected enough, the world's two greatest dynasties joined forces yesterday as Europe's Rothschild banking clan bought a stake in the Rockefeller group's wealth and asset management business to gain a foothold in the US. The patriarchs of the two families – 96-year-old David Rockefeller and Jacob Rothschild, 76 – cemented a five-decade acquaintance as the younger man's London-based Ł2bn RIT Capital investment trust bought a 37 per cent stake in the American's business. In addition to bringing together the two doyens, the deal will considerably expand the vast networks of both families. To give a taste: Lord Rothschild's son, Nat Rothschild, is a well-known entrepreneur with stakes in a range of companies such as Genel, the Kurdistan-focused oil producer ... and Bumi, the Indonesian mining group. He was also linked with George Osborne and Peter Mandelson at a notorious party on an oligarch's yacht off Corfu in 2008. Lord Rothschild's niece Kate is married to Ben Goldsmith, brother of Conservative MP Zac Goldsmith and Jemima Khan and son of the late billionaire business tycoon Sir James Goldsmith. On the Rockefeller side, for starters, David's granddaughter Ariana is a successful fashion designer who married the construction heir Matthew Bucklin in 2010. The Rothschilds bought the stake in Rockefeller from French banking group Société Générale for an undisclosed sum.

A Florida medical examiner’s office said [on July 16] that the FBI has ordered the office not to release its autopsy report of a Chechen man fatally shot by a Boston FBI agent in May. The medical examiner’s office said it completed the autopsy report on Ibragim Todashev, a friend of [a] suspected Boston Marathon bomber, on July 8 and that the report was “ready for release.” The agent shot and killed Todashev on May 22 in his Orlando apartment during an interrogation related to the Boston Marathon bombings. Critics have called for an independent inquiry, questioning the blanket of secrecy surrounding the case. The FBI and the Massachusetts State Police sought out Todashev after the Marathon bombings, but have refused to release details of the shooting. Media reports have provided conflicting accounts: Some said Todashev attacked the agent with a blade during an interrogation, while others said Todashev was unarmed. Another said he lunged at the agent with a metal pole or a broomstick. The agent shot Todashev multiple times, according to family members who released photos of Todashev’s dead body as part of their call for an inquiry into his death. Family members and advocacy groups have questioned the media accounts, pointing out that Todashev had repeatedly cooperated with the FBI. The Council on American-Islamic Relations and the ACLU have called for independent inquiries into the shooting. According to CAIR in Florida, which is conducting its own investigation into Todashev’s slaying, Todashev had spoken to the FBI at least three times at their offices after the Marathon bombings.

Note: What are they hiding here?

A cadre of six government and non-government experts who served the National Transportation Safety Board when that independent federal agency investigated the explosion of a Boeing 747 off the coast of Long Island in July 1996 ... are the protagonists of a new documentary, "TWA Flight 800". After four years of investigation, the NTSB claimed the cause of Flight 800's explosion was a mechanical defect, but the new documentary, written and directed by journalist Kristina Borjesson, claims the FBI, NTSB and other government agencies may have covered up that the plane was brought down by a missile strike. Participants in the film have called on the NTSB to reopen the case based on altered physical evidence, suppressed data, and unexamined testimony from hundreds of eyewitnesses. [The] book Attention All Passengers: The Airlines’ Dangerous Descent—and How to Reclaim Our Skies ... published last year ... thanked “the brave men and women who are Federal Aviation Administration, Transportation Security Administration, and airline whistleblowers.” These whistleblowers confirmed such problems as defective airline maintenance outsourcing, FAA oversight failures, TSA waste, and many other important findings. After watching the documentary, I believe there are enough smoking guns to warrant an unbiased reexamination. Last week one major news site was in near hysterics about the documentary, employing the term “conspiracy” ten times. Kristina Borjesson ... wasn’t surprised, noting that reexamining hot topics “discredits previous reporting.”

Note: Kristina Borjesson is a long-time supporter of WantToKnow.info who has written a great piece on Flight 800, which we have posted at this link. She's also the editor of what may be the best book ever on media corruption and manipulation, Into the Buzzsaw. You can find an excellent two-page summary of the book at this link. For the engaging trailer to this film, click here.

This Reuters article ... purports to summarize an interview I gave to the daily newspaper La Nacion of Argentina. Like everything in the matter of these NSA leaks, this interview is being wildly distorted to attract attention away from the revelations themselves. I made three points in this La Nacion interview, all of which are true: 1) The oft-repeated claim that Snowden's intent is to harm the US is completely negated by the reality that he has all sorts of documents that could quickly and seriously harm the US if disclosed, yet he has published none of those. When he gave us the documents he provided, he repeatedly insisted that we exercise rigorous journalistic judgment in deciding which documents should be published in the public interest and which ones should be concealed on the ground that the harm of publication outweighs the public value. 2) The US government has acted with wild irrationality. The current criticism of Snowden is that he's in Russia. But the reason he's in Russia isn't that he chose to be there. It's because the US blocked him from leaving: first by revoking his passport (with no due process or trial), then by pressuring its allies to deny airspace rights to any plane they thought might be carrying him to asylum (even one carrying the democratically elected president of a sovereign state), then by bullying small countries out of letting him land for re-fueling. 3) I said that [forcing his plane down] would be completely counter-productive given that ... such an attack could easily result in far more disclosures than allowing us as journalists to vet and responsibly report them, as we've [been] doing.

Note: The above article was written by brave journalist Glenn Greenwald, who broke the Snowden story. For more on the NSA surveillance scandal, see the deeply revealing reports from reliable major media sources available here.

NM Rothschild, one of the City's oldest merchant banks, has decided that profit takes precedence over history and is to withdraw from London's gold market. The move is part of Rothschild's plans to halt all commodities trading out of London as it becomes less profitable. Last year, the business generated just 2.2% of the bank's income, down from more than 8% five years earlier. Rothschild's departure will leave a big gap, not least because it hosts the twice-daily gold price fixing. Started in 1919, it is a prized and bizarre tradition. Every day at 1030 and 1500 local time, five representatives of investment banks meet in a small room at Rothschild's London headquarters on St Swithin's Lane. They are charged by the London Gold Market to agree a price for the bullion on offer. Each sits behind a desk and gets a phone and small Union Jack. In the centre is the chairperson, who for the past 85 years has come from Rothschild. A price is given and relayed via phone lines to customers. Then the haggling begins. When the price is right and buyers are matched with sellers, the flags are lowered and the price is fixed. While the whole process harks to a bygone age, the economics of the modern gold market are far less quaint. Many producers are no longer hedging their exposure to both currency and commodity price movements and that has taken a large chunk of business off the table. According to bank chairman David de Rothschild, "our income from commodities trading in London has fallen as a percentage of our total income in each of the past five years".

Note: For more on commodity price rigging, see the deeply revealing reports from reliable major media sources available 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.