Big Banks Obscene Profits, Jesse Ventura: 9/11 an Inside Job, Roswell UFO in Popular Science
Revealing News Articles
May 17, 2010
Dear friends,
Below are key excerpts of revealing news articles on the big banks making obscene profits on Wall Street, Governor Jesse Ventura claiming 9/11 was an inside job, the Roswell UFO cover-up reported in Popular Science magazine, and more. Each excerpt is taken verbatim from the major media website listed at the link provided. If any link fails to function, click here. The most important sentences are highlighted. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.
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Tod Fletcher and Fred Burks for PEERS and WantToKnow.info
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Four Big Banks Score Perfect 61-Day Run
May 12, 2010, New York Times
http://www.nytimes.com/2010/05/12/business/12bank.html
It is the Wall Street equivalent of a perfect game of baseball – 27 up, 27 down, the final score measured in millions of dollars a day. Despite the running unease in world markets, four giants of American finance managed to make money from trading every single day during the first three months of the year. Their remarkable 61-day streak is one for the record books. Perfect trading quarters on Wall Street are about as rare as perfect games in Major League Baseball. But Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase & Company produced the equivalent of four perfect games during the first quarter. Each one finished the period without losing money for even one day. Their showing ... underscored the outsize – and controversial – role that trading has assumed at major financial institutions. It also drives home the widening lead that a handful of big banks are enjoying over lesser rivals on post-bailout Wall Street. The four banks ... reaped big rewards without necessarily placing big bets that stocks or bonds would go up or down. "This is not about hitting home runs," said Jaidev Iyer, who runs his own risk management consulting firm, J-Risk Advisors. "This is just, as we call it, milking the market and your captive client base."
Note: For an astounding list on the Forbes website of the richest companies in the world by assets, click here. All of the top 10 companies are banks, with collective assets of over $22 trillion! Yet we as taxpayers continue to pay to bail them out when they have problems. Is something wrong with this picture? For a graphic representation of this, click here. And for an abundance of deep reporting in major media articles on the hidden realities of Wall Street's shadowy operations, click here.
Plan for Congressional Audits of Fed Dies in Senate
May 7, 2010, Wall Street Journal
http://online.wsj.com/article/SB10001424052748704370704575228164133105390.html
Last-minute maneuvering in the Senate allowed the Federal Reserve to sidestep legislation that would have exposed its interest-rate decision-making to congressional auditors. Pressure from the Obama administration led Senate lawmakers to alter a provision pushed by Sen. Bernie Sanders (I., Vt.) that was gaining momentum despite opposition from the Treasury and the Fed. It would have largely repealed a 32-year-old law that shields Fed monetary policy from congressional auditors. Thursday's Senate showdown came after senators on the left and right joined forces to support Mr. Sanders' provision. "At a time when our entire financial system almost collapsed, we cannot let the Fed operate in secrecy any longer," Mr. Sanders said. "The American people have a right to know." But Fed Chairman Ben Bernanke ... said in a letter to Congress the Sanders measure would "seriously threaten monetary policy independence, increase inflation fears and market interest rates, and damage economic stability and job creation."
Note: For an abundance of deep reporting on the hidden realities of Wall Street's shadowy operations, click here.
Jesse Ventura claims gov't involved in 9/11
March 9, 2010, MSNBC
http://today.msnbc.msn.com/id/35728268/ns/today-today_books/
In his new book, American Conspiracies: Lies, Lies, and More Dirty Lies That the Government Tells Us, former Minnesota Gov. Jesse Ventura begins an investigative journey to prove that there is more to our national history than the government wants us to know. In this excerpt, he writes about an alleged 9/11 cover-up. Chapter 12: What really happened on September 11? Our government engaged in a massive cover-up of what really happened, including its own ties to the hijackers. Unanswered questions remain about how the towers were brought down, and whether a plane really struck the Pentagon. The Bush Administration either knew about the plan and allowed it to proceed, or they had a hand in it themselves. I certainly never expected to think that elements of the Bush Administration were complicit. Today, though, I am convinced that some people inside our government knew the attack was going to happen and allowed it to come to pass – because it furthered their political agenda. I say this after expending many hours researching things about the official story that don't add up, and interviewing a number of witnesses with firsthand knowledge that contradicts what we were told. As a patriotic American, I say this with a heavy heart – and with an outrage that really knows no words. But it's something we, as a nation, must come to terms with. Otherwise, it could happen again.
Note: For the questions raised by many other highly respected former government officials about what really happened on 9/11, click here.
U.S. Said to Allow Drilling Without Needed Permits
May 14, 2010, New York Times
http://www.nytimes.com/2010/05/14/us/14agency.html
The federal Minerals Management Service gave permission to BP and dozens of other oil companies to drill in the Gulf of Mexico without first getting required permits from another agency that assesses threats to endangered species – and despite strong warnings from that agency about the impact the drilling was likely to have on the gulf. Those approvals, federal records show, include one for the well drilled by the Deepwater Horizon rig, which exploded on April 20, killing 11 workers and resulting in thousands of barrels of oil spilling into the gulf each day. The Minerals Management Service, or M.M.S., also routinely overruled its staff biologists and engineers who raised concerns about the safety and the environmental impact of certain drilling proposals in the gulf and in Alaska, according to a half-dozen current and former agency scientists. Those scientists said they were also regularly pressured by agency officials to change the findings of their internal studies if they predicted that an accident was likely to occur or if wildlife might be harmed. "M.M.S. has given up any pretense of regulating the offshore oil industry," said Kieran Suckling, director of the Center for Biological Diversity, ... which filed notice of intent to sue the agency over its noncompliance with federal law concerning endangered species. "The agency seems to think its mission is to help the oil industry evade environmental laws."
Note: For lots more from reliable souces on government corruption and collusion with industries it is supposed to be regulating, click here.
Gulf Spill May Far Exceed Official Estimates
May 14, 2010, NPR
http://www.npr.org/templates/story/story.php?storyId=126809525
The amount of oil spilling into the Gulf of Mexico may be at least 10 times the size of official estimates, according to an exclusive analysis conducted for NPR. At NPR's request, experts examined video that BP released Wednesday. Their findings suggest the BP spill is already far larger than the 1989 Exxon Valdez accident in Alaska, which spilled at least 250,000 barrels of oil. BP has said repeatedly that there is no reliable way to measure the oil spill in the Gulf of Mexico by looking at the oil gushing out of the pipe. But scientists say there are actually many proven techniques for doing just that. Steven Wereley, an associate professor of mechanical engineering at Purdue University, analyzed videotape of the seafloor gusher using a technique called particle image velocimetry. A computer program simply tracks particles and calculates how fast they are moving. Wereley put the BP video of the gusher into his computer. He made a few simple calculations and came up with an astonishing value for the rate of the oil spill: 70,000 barrels a day – much higher than the official estimate of 5,000 barrels a day. The method is accurate to a degree of plus or minus 20 percent. This new, much larger number suggests that capturing – and cleaning up – this oil may be a much bigger challenge than anyone has let on.
Note: For lots more from reliable souces on government corruption and collusion with industries it is supposed to be regulating, click here.
Pope Issues His Most Direct Words to Date on Abuse
May 12, 2010, New York Times
http://www.nytimes.com/2010/05/12/world/europe/12pope.html
Pope Benedict XVI on [May 11] issued his most forceful remarks on the sexual abuse crisis sweeping the Catholic Church. He called it "truly terrifying" and, in a marked shift in tone, suggested that its origins lay with abusive priests and with highly placed church officials who for decades concealed or minimized the problem. The problem, he said, was "the sin inside the church," and by implication not accusations from victims or the media. "Forgiveness is not a substitute for justice," he said, in remarks that underscored the Vatican's recent if fitful efforts to break with a longstanding practice of handling abuse cases inside the church, rather than reporting abuse to civil authorities for prosecution. Victims groups said they were still waiting for concrete action more than words, and the Vatican has not yet announced whether it will change its norms for handling abuse. Benedict ... has been criticized for not acting aggressively enough against allegations of abuse as archbishop of Munich and later as the head of a powerful Vatican office.
To Sinead O'Connor, the pope's apology for sex abuse in Ireland seems hollow
March 28, 2010, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/03/25/AR2010032502363.html
As recently as 2007, 98 percent of Irish schools were run by the Catholic Church. Schools for troubled youth have been rife with barbaric corporal punishments, psychological abuse and sexual abuse. In October 2005, a report sponsored by the Irish government identified more than 100 allegations of sexual abuse by priests in Ferns, a small town 70 miles south of Dublin, between 1962 and 2002. Accused priests weren't investigated by police; they were deemed to be suffering a "moral" problem. In 2009, a similar report implicated Dublin archbishops in hiding sexual abuse scandals between 1975 and 2004. Pope Benedict's so-called apology takes no responsibility for the transgressions of Irish priests. His letter states that "the Church in Ireland must first acknowledge before the Lord and before others the serious sins committed against defenceless children." What about the Vatican's complicity in those sins? Benedict's infamous 2001 letter to bishops around the world ordered them to keep sexual abuse allegations secret under threat of excommunication -- updating a noxious church policy, expressed in a 1962 document, that both priests accused of sex crimes and their victims "observe the strictest secret" and be "restrained by a perpetual silence."
Stock Selloff May Have Been Triggered by a Trader Error
May 6, 2010, CNBC/Reuters
http://www.cnbc.com/id/36999483
In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses. According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble, a component in the Dow. Sources tell CNBC the erroneous trade may have been made at Citigroup. The massive selloff, which began shortly after 2 p.m. ET, amplified concerns about the spreading European debt crisis as the approval of austerity measures by the Greek Parliament sparked renewed rioting in Athens. According to a person familiar with the probe, one focus is on futures contracts tied to the Standard & Poor's 500 stock index, known as E-mini S&P 500 futures, and in particular a two-minute window in which 16 billion of the futures were sold. Amid the sell-off, Procter & Gamble shares plummeted nearly 37 percent to $39.37 at 2:47 p.m. EDT, prompting the company to investigate whether any erroneous trades had occurred.
Note: For an abundance of deep reporting on the hidden realities of Wall Street's shadowy operations, click here.
U.S. Approval of Killing of Cleric Causes Unease
May 14, 2010, New York Times
http://www.nytimes.com/2010/05/14/world/14awlaki.html
The Obama administration's decision to authorize the killing by the Central Intelligence Agency of a terrorism suspect who is an American citizen has set off a debate over the legal and political limits of drone missile strikes, a mainstay of the campaign against terrorism. The notion that the government can, in effect, execute one of its own citizens far from a combat zone, with no judicial process and based on secret intelligence, makes some legal authorities deeply uneasy. To eavesdrop on the terrorism suspect who was added to the target list, the American-born radical cleric Anwar al-Awlaki, who is hiding in Yemen, intelligence agencies would have to get a court warrant. But designating him for death, as C.I.A. officials did early this year with the National Security Council's approval, required no judicial review. "Congress has protected Awlaki's cellphone calls," said Vicki Divoll, a former C.I.A. lawyer who now teaches at the United States Naval Academy. "But it has not provided any protections for his life. That makes no sense." But like the debate over torture during the Bush administration, public discussion of what officials call targeted killing has been limited by the secrecy of the C.I.A. drone program.
Note: Obama is the first president to publicly order the assassination of an American citizen. Neither George W. Bush nor Dick Cheney asserted such a power on the part of the president. For an analysis, click here.
A Filmmaker's Quest for Journalistic Protection
May 8, 2010, New York Times
http://www.nytimes.com/2010/05/08/us/08pollution.html
A case about pollution, big business and the movies has reopened longstanding debates about who is a journalist and how far parties to a lawsuit can reach when seeking ammunition for their side. The case involves a documentary, "Crude," that tells the story of a long-running legal battle in which Ecuadorean plaintiffs are suing Chevron over the pollution of the Amazon rain forest. As part of its defense, Chevron demanded 600 hours of outtake footage from "Crude," saying it could help the company show corruption and misconduct by the plaintiffs. The filmmaker argued that his work was protected by journalist privilege, which protects reporters and others in the newsgathering business from being compelled to reveal confidential sources or divulge confidential material. On [May 6], Judge Lewis A. Kaplan of Federal District Court in New York granted the request for the subpoena. The judge's decision sparked outrage among documentary filmmakers, who said it endangered their form of journalism. The filmmaker Michael Moore said the decision could have "a chilling effect." "If something like this is upheld, the next whistle-blower at the next corporation is going to think twice about showing me some documents if that information has to be turned over to the corporation that they're working for," Mr. Moore said.
Note: For lots more from reliable souces on government corruption and collusion with industries it is supposed to be regulating, click here.
Guards accused of cruelty, racism
May 9, 2010, Sacramento Bee (Sacramento, CA's leading newspaper)
http://www.sacbee.com/2010/05/09/2737459/the-public-eye-guards-accused.html
Jason Brannigan's eyes widened as he relived the day he says prison guards pepper-sprayed his face at point-blank range, then pulled him through the cellblock naked, his hands and feet shackled. "I can't breathe! I can't breathe!" Brannigan recalled gasping in pain and humiliation during the March 2007 incident. "They're walking me on the chain and it felt just like ... slaves again," said the African American inmate, interviewed at the Sacramento County jail. "Like I just stepped off an auction block." Brannigan, 33, said the incident occurred in the behavior modification unit at High Desert State Prison in Susanville, where he was serving time for armed assault. He is one of more than 1,500 inmates who have passed through such units in six California prisons. A Bee investigation into the behavior units, including signed affidavits, conversations and correspondence with 18 inmates, has uncovered evidence of racism and cruelty at the High Desert facility. Inmates described hours-long strip-searches in a snow-covered exercise yard. They said correctional officers tried to provoke attacks between inmates, spread human excrement on cell doors and roughed up those who peacefully resisted mistreatment. Many of their claims were backed by legal and administrative filings, and signed affidavits, which together depicted an environment of brutality, corruption and fear.
New U.S. Push to Regulate Internet Access
May 5, 2010, Wall Street Journal
http://online.wsj.com/article/SB10001424052748703961104575226583645448758.html
In a move that will stoke a battle over the future of the Internet, the federal government plans to propose regulating broadband lines under decades-old rules designed for traditional phone networks. The decision, by Federal Communications Commission Chairman Julius Genachowski, is likely to trigger a vigorous lobbying battle, arraying big phone and cable companies and their allies on Capitol Hill against Silicon Valley giants and consumer advocates. He wants to adopt "net neutrality" rules that require Internet providers like Comcast Corp. and AT&T Inc. to treat all traffic equally, and not to slow or block access to websites. Internet giants like Google Inc., Amazon.com Inc. and eBay Inc., which want to offer more Web video and other high-bandwidth services, have called for stronger action by the FCC to assure free access to websites. Cable and telecommunications executives have warned that using land-line phone rules to govern their management of Internet traffic would lead them to cut billions of capital expenditure for their networks, slash jobs and go to court to fight the rules. Consumer groups hailed the decision ..., an abrupt change from recent days, when they [had] bombarded the FCC chairman with emails and phone calls imploring him to fight phone and cable companies lobbyists.
Digital Photocopiers Loaded With Secrets
April 15, 2010, CBS News
http://www.cbsnews.com/stories/2010/04/19/eveningnews/main6412439.shtml
At a warehouse in New Jersey, 6,000 used copy machines sit ready to be sold. Almost every one of them holds a secret. Nearly every digital copier built since 2002 contains a hard drive ... storing an image of every document copied, scanned, or emailed by the machine. In the process, it's turned an office staple into a digital time-bomb packed with highly-personal or sensitive data. If you're in the identity theft business it seems this would be a pot of gold. "The type of information we see on these machines with the social security numbers, birth certificates, bank records, income tax forms," John Juntunen said, "that information would be very valuable." Juntunen's Sacramento-based company Digital Copier Security developed software called "INFOSWEEP" that can scrub all the data on hard drives. He's been trying to warn people about the potential risk - with no luck. All the major [digital copier] manufacturers told us they offer security or encryption packages on their products. One product from Sharp automatically erases an image from the hard drive. It costs $500. But evidence keeps piling up in warehouses that many businesses are unwilling to pay for such protection, and that the average American is completely unaware of the dangers posed by digital copiers.
Note: For lots more from reliable sources on threats to privacy, click here.
Key Articles From Years Past
Roswell Plus 50
July 1997 Issue, Popular Mechanics
http://www.popularmechanics.com/science/space/1282456.html
As a presidential candidate, Jimmy Carter claimed to have seen a UFO. As president, Ronald Reagan mused openly on how petty differences among nations might evaporate in the face of an extraterrestrial threat. And no one has done more to turn up the speculative heat than retired Adm. Bobby Ray Inman, who held a slew of top intelligence posts, including deputy director of the Central Intelligence Agency. In a Learning Channel documentary, Inman said – but has since repeatedly and vigorously denied – that the military is attempting to use technology from unspecified "recovered vehicles." The most perplexing UFO mystery of all began in the desert north of Roswell, NM. Ideas of what happened here during the first week of July 1947 range from the simple – a weather balloon crash – to the downright silly – Earth was being scouted for an intergalactic invasion. The latest official government explanation – there have been three thus far – is that the recovered debris came from a Project Mogul balloon that was carrying instruments to detect Soviet nuclear tests. After interviewing witnesses who had seen and handled crash-site debris, and reviewing [classified documents], we have concluded that there really was a crashed disc, dead bodies and a secret that could have been politically deadly to presidents Harry S. Truman and Dwight D. Eisenhower.
Note: If the above link fails, click here or here. This well researched article raises more questions than it answers, yet it leaves virtually no doubt that there was a major cover-up. For lots more intriguing media articles suggesting a major cover-up of UFOs and related phenomena, click here.
Free-hug man speaks out
September 28, 2006, Sydney Morning Herald (Australia's leading newspaper)
http://www.smh.com.au/news/music/freehug-man-speaks-out/2006/09/28/1159337257...
The man behind the latest YouTube sensation has spoken out for the first time about his global cuddling controversy. Serial hugger Juan Mann describes the free hugs he hands out...as fast-food emotion. His cuddling campaign received an international dose of publicity today, after a clip showing his public displays of affection won a coveted front page spot on the video sharing website. Today, the hugger was at it again, brandishing his "free hugs" sign in the busy pedestrian thoroughfare, and having quite a few people take him up on his offer. "It's a way to make people smile," Mann said. "For every person who gets a hug, you see five walk past with a smile on their face." But his efforts to spread the love became a little too popular for some people's liking, according to a blurb on the YouTube video, which said: "As this symbol of human hope spread across the city, police and officials ordered the Free Hugs campaign BANNED." Undeterred, Mann collected more than 10,000 signatures on a petition he presented to the City of Sydney council. Demands for a halt to the hugs petered out shortly after, and the end of the clip shows Mann hugging an official. City worker Elly Mitchell, who handed out a few free hugs on her lunch break today, said she was inspired to organise [an] event after seeing the video online. "We're going to hug the city," Ms Mitchell said.
Note: If you haven't seen this powerfully inspiring four-minute video clip, join the over 10 million who have by clicking here. The free hugs movement is rapidly spreading around the world! Click here and here to see more. For several other short, deeply inspiring videos, click here.
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