Excerpts of Key News Stories in Major Media
Below are many highly revealing excerpts of key news stories from the major media that suggest major cover-ups.
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The JFK Assassination
2009-07-00, Time Magazine
Posted: 2013-05-15 16:40:12
This much we can stipulate: President John F. Kennedy was assassinated on Nov. 22, 1963, struck by two bullets — one in the head, one in the neck — while riding in an open-topped limo through Dealey Plaza in Dallas. Lee Harvey Oswald was charged with killing him, and a presidential commission headed by Chief Justice Earl Warren found that Oswald acted alone. That conclusion hasn't passed muster with the public. A 2003 ABC News poll found that 70% of Americans believe Kennedy's death was the result of a broader plot. The trajectory of the bullets, some say, didn't square with Oswald's perch on the sixth floor of the Texas School Book Depository. Others suggest a second gunman — perhaps on the grassy knoll of Dealey Plaza — participated in the shooting. Others believe in an even broader conspiracy. Was Kennedy killed by CIA agents acting either out of anger over the Bay of Pigs or at the behest of Vice President Lyndon Johnson? By KGB operatives? Mobsters mad at Kennedy's brother for initiating the prosecution of organized crime rings? Speculation over one of history's most famous political assassinations is such a popular parlor game that most people have taken the rumors to heart: just 32% of those polled by ABC believe Oswald carried out the killing on his own.
Note: For an abundance of reliable facts and information suggesting a major conspiracy in the John F. Kennedy assassination, click here. For two powerful History Channel videos providing powerful evidence of direct government involvement in the Kennedy assassination, click here and here.
Alien Nation: Have Humans Been Abducted by Extraterrestrials?
2013-05-10, Vanity Fair
Posted: 2013-05-14 09:20:47
John Edward Mack, a Pulitzer Prize–winning biographer and Harvard Medical School psychiatrist, spent years trying to fathom their stories [those who claimed alien abduction] and reached an astonishing conclusion: they were telling the truth. That is, they were not insane or deluded. In some unknown space/time dimension, something real had actually happened to them—not that Mack could explain just what or how. Mack graduated cum laude from Harvard Medical School and, while only a resident, founded one of the nation’s first outpatient hospitals. Days before his 75th birthday, he looked the wrong way down a London street and stepped in front of a drunk driver. But 20 years ago, when he burst onto the scene as the Harvard professor who believed in alien abduction, he was probably the most famous, or infamous, academic in America. Suddenly he was under investigation at Harvard, the target of a grueling inquisition. But two decades after Mack took alien abduction from the pages of the National Enquirer to the hallowed halls of Harvard, the question remains: why would a pillar of the psychiatric establishment at America’s oldest university court professional suicide to champion the most ridiculed and tormented outcasts of society? "I was raised as the strictest of materialists,” Mack told the writer C. D. B. Bryan. He had always assumed that anyone claiming to have been abducted by aliens was crazy, along with those who took them seriously. [Yet eventually] Mack appeared on The Oprah Winfrey Show with five of his lucid, articulate, and normal-acting abductees. “He believes them when they say they have been on the aliens’ spaceships,” declared Oprah.
Note: Read this entire article to find out how a successful and skeptical Harvard professor came not only to believe some alien abductions were real, but had the courage to present the evidence for it to his peers and to the public. To watch the profoundly moving documentary "Touched," featuring Prof. Mack, click here. For lots more reliable, verifiable information suggesting a major cover-up of the UFO phenomenon, click here.
Believe in UFOs? Highlights of the Citizen Hearing on Disclosure
2013-05-03, Washington Post blog
Posted: 2013-05-14 09:19:18
The first three days of UFO hearings have been … interesting. The Citizen Hearing on Disclosure is not a real congressional hearing. For a stipend of $20,000, six former members of Congress are sitting at the National Press Club and listening to 30 hours of testimony about UFOs. The media has been covering all this up for decades, apparently, in a coordinated effort with the CIA people on the staff of every media organization to suppress information. Activist Stephen Bassett observed that this subject is a third rail for media and public officials. “You can do anything and get out of the closet on it and it’ll be no problem but this… watch out, your career’s on the line. We are doing it because we have been brainwashed to laugh at it.” “Unless we change directions we’re likely to end up where we’re going,” enigmatically quipped Steven Greer, of the Disclosure Project. An Air Force colonel now in his 80s, Richard French, claimed to have been responsible for covering UFOs up. “I’d say it was swamp gas. Anything we could come up with to convince the general public. At that time there was an average of about three a week ufos … I went down there observed ‘em just regularly.” Former Senator Mike Gravel ... noted that ... “It is the height of human arrogance to think that we are… the only sentient beings that can think.” Former Congresswoman Carolyn Kilpatrick [added] “I think today’s whole experience has been one of intelligence … higher than normal in today’s society.”
Note: For more news on this key hearing, click here. For lots more reliable, verifiable information suggesting a major cover-up of the UFO phenomenon, click here.
Are all telephone calls recorded and accessible to the US government?
2013-05-04, The Guardian (One of the UK's leading newspapers)
Posted: 2013-05-14 09:17:48
CNN's Out Front with Erin Burnett [has been] focused on the possible involvement in the Boston Marathon attack of Katherine Russell, the 24-year-old American widow of the deceased suspect, Tamerlan Tsarnaev. Anonymous government officials are claiming that they are now focused on telephone calls between Russell and Tsarnaev that took place both before and after the attack to determine if she had prior knowledge of the plot or participated in any way. Burnett interviewed Tim Clemente, a former FBI counterterrorism agent, about whether the FBI would be able to discover the contents of past telephone conversations between the two. He quite clearly insisted that they could: BURNETT: There's no way they actually can find out what happened, right, unless she tells them? CLEMENTE: No, there is a way. We certainly have ways in national security investigations to find out exactly what was said in that conversation. We certainly can find that out. BURNETT: So they can actually get that? People are saying, look, that is incredible. CLEMENTE: No, welcome to America. All of that stuff is being captured as we speak whether we know it or like it or not. On Thursday night, Clemente again appeared on CNN. He reiterated what he said the night before but added expressly that "all digital communications in the past" are recorded and stored. All digital communications - meaning telephone calls, emails, online chats and the like - are automatically recorded and stored and accessible to the government after the fact. To describe that is to define what a ubiquitous, limitless Surveillance State is.
Note: All of our communications have been monitored by government computers for years. BBC News reported in this this 1999 article about the Echelon network which monitors all communications globally. For deeply revealing reports from reliable major media sources on government and corporate threats to privacy, click here.
Boston chief: Wasn't told FBI got Tsarnaev warning
2013-05-09, Houston Chronicle/Associated Press
Posted: 2013-05-14 09:15:48
The FBI did not initially share with Boston police the warnings it had received from Russia about one suspect in last month's marathon bombings, despite the work of four city police representatives on a federal terrorism task force, Boston's police commissioner told Congress on [May 9]. Boston police learned about the Russian security service warnings only later. The congressional hearing was the first in a series to review the government's initial response to the attacks, ask what information authorities received about Tsarnaev and his brother before the bombings and consider whether everything was handled correctly. Some lawmakers questioned whether Boston police could have more thoroughly investigated Tsarnaev after 2011, based on Russia's vague warnings then to the FBI and CIA or the discovery by the Homeland Security Department in 2012 that he was traveling to Russia for six months, and whether Justice Department rules intended to protect civil liberties constrained the FBI's own inquiry. Led by the FBI, Joint Terrorism Task Forces operate in many cities as a way to bring federal, state and local officials together to share information. The model has existed for decades but, after 9/11, task forces sprouted up in cities nationwide to ensure that police were not out of the loop on investigations like the one the FBI conducted into Tsarnaev.
Note: For a powerful 11-minute video presenting undeniable evidence that the Boston bombers' uncle was closely linked to both the CIA and terrorist organizations, click here. Many are questioning whether the recent Boston bombing was a false flag operation. Though it is not conclusive, you can find some very reliable evidence that this might be the case at this link and this one. For deeply revealing reports from reliable major media sources on the deceptions of intelligence agencies, click here.
Air Force's sexual assault prevention chief arrested for sexual assault
2013-05-06, CBS News
Posted: 2013-05-14 09:14:01
An Air Force officer was arrested for sexual assault. The remarkable thing is the accused man was the chief of the Air Force sexual assault prevention unit. The mug shot of Lt. Col. Jeff Krusinski shows signs of struggle on his face. The police report alleges that a drunken Krusinski "approached a female victim in a parking lot and grabbed her breasts and buttocks." The victim fought the suspect off as he attempted to touch her again and alerted police. News of the incident in the Virginia suburbs of Washington broke the day before the Pentagon is scheduled to release new figures showing a continuing rise in sexual assaults in the military: A six-percent increase from 3,192 to 3,374 reports of sexual assault in fiscal year 2012 compared to the previous year. Estimates of the actual numbers of what is a notoriously underreported crime go much higher. According to the Pentagon figures, an estimated 26,000 servicewomen experienced unwanted sexual contact, up from 19,300 two years ago. Krusinski has been removed from his job, but that will not change the reality that the Pentagon's own figures show sexual assaults are on the rise in the military.
Note: For deeply revealing reports from reliable major media sources on sexual abuse scandals, click here.
Sexual Assaults in Military Raise Alarm in Washington
2013-05-08, New York Times
Posted: 2013-05-14 09:12:35
The Pentagon [has] released a survey estimating that 26,000 people in the armed forces were sexually assaulted last year, up from 19,000 in 2010. The study, based on a confidential survey sent to 108,000 active-duty service members, was released two days after the officer in charge of sexual assault prevention programs for the Air Force was arrested and charged with sexual battery for grabbing a woman’s breasts and buttocks in an Arlington, Va., parking lot. In a separate report ... the military recorded 3,374 sexual assault reports last year, up from 3,192 in 2011, suggesting that many victims continue not to report the crimes for fear of retribution or a lack of justice under the department’s system for prosecution. The numbers come as the Pentagon prepares to integrate women formally into what had been all-male domains of combat, making the effective monitoring, policing and prosecuting of sexual misconduct all the more pressing. In 2010, a similar Pentagon survey found that 4.4 percent of active-duty women and fewer than 0.9 percent of active-duty men had experienced sexual assault. Pentagon officials could not explain the jump in assaults of women, although they believed that more victims, both men and women, were making the choice to come forward. In the general population, about 0.2 percent of American women over age 12 were victims of sexual assault in 2010, the most recent year for which data is available, according to the Justice Department’s Bureau of Justice Statistics.
Note: For deeply revealing reports from reliable major media sources on sexual abuse scandals, click here.
Long-term unemployed pushed to margins
2013-05-05, San Francisco Chronicle (SF's leading newspaper)
Posted: 2013-05-14 09:11:09
George Ross is no longer an official member of the labor force. Out of work for the past two years, he didn't figure in the government's [latest] employment numbers. He's a "marginally attached" worker, although he doesn't see himself that way. Ross, 60, is among the 12.2 million Americans classified as "not in the labor force" by the Bureau of Labor Statistics, which compiles the monthly reports. Why? Because if they have been looking for a job for more than a year - but not in the past four weeks - they're considered "discouraged" - they just don't feel they can find a job. Or they're "marginally attached," those like Ross, who had to stop looking for other reasons, like family responsibilities. Or they're working fewer than 35 hours a week - their employer cut their hours, it's the best they can find - which means they're "part time for economic reasons" or "involuntary part time."
None of them is counted, but if you added the 2.3 million "discouraged" and "marginally attached" to the 11.7 million officially unemployed, you'd have an unemployment rate closer to 9 percent - not the 7.5 percent reported [on May 3]. Add in the reluctant part-timers (7.2 million) and the rate jumps to 13.9 percent. For the long-term unemployed - those out of work for more than six months - like Ross and 4.4 million others, the prospects are especially daunting. The longer you're out of work the less likely prospective employers will even take a look at you. That goes double if you're older. A Government Accountability Office report last year found "employer reluctance to hire older workers as a key challenge" to reducing unemployment.
Note: For deeply revealing reports from reliable major media sources on extremes of income inequality, click here.
How ‘political intelligence’ can come from Congress itself
2013-05-06, Washington Post
Posted: 2013-05-14 09:09:25
On the same morning a congressional staffer told investors in a private call that odds were improving for a government decision that would help medical insurers, trading spiked in a major health-care company. The private call, arranged by a consulting firm called Capitol Street, took place the morning of March 18. At 11:05 a.m., a certain form of speculative trading in Humana, the health insurer, jumped. That day, there was nearly 10 times as much volume as any day in the previous two weeks. There is no evidence that the trades were in response to the Capitol Hill phone call with a top aide for Sen. Orrin G. Hatch (R-Utah). But the conference call reveals the extent to which a direct pipeline of valuable political insight exists between Capitol Hill and Wall Street, one that ordinary Americans and investors do not enjoy. “Political intelligence” firms — companies that sell their analysis of federal actions to investors — have drawn much of the scrutiny from lawmakers and investigators worried about potential insider trading. Congress itself has become a source of sophisticated political analysis for investors, for whom every nugget of exclusive information can translate to millions of dollars in profit. Information in Washington is both highly valuable and extremely fluid. This has given rise to a booming business in researchers claiming to offer political intelligence that could give investors an edge in their trading. Stan Brand, a Washington lawyer specializing in congressional ethics, said he is hearing increasingly about Hill staffers being called to participate in financial industry and investor briefings like the one hosted by Capitol Street.
Note: For deeply revealing reports from reliable major media sources on government corruption, click here.
Does antibacterial soap cause more harm than good?
2013-05-02, CBS News
Posted: 2013-05-14 09:07:50
The Food and Drug Administration is finally going to decide whether antibacterial soap actually works, or if it's causing more harm than good. Government researchers plan to deliver a review this year on the effectiveness and safety of triclosan, the germ-killing ingredient found in an estimated 75 percent of antibacterial liquid soaps and body washes sold in the United States. The chemical has been in U.S. households for more than 40 years, used for cleaning kitchens, people's bodies and clothing. The chemical is also found in mouthwash, toothpaste and toys, and depending on what the FDA finds, a $1 billion industry could be affected. The agency's review comes amid growing pressure from lawmakers, consumer advocates and others who are concerned about the safety of triclosan. Recent animal studies of triclosan have led scientists to worry that it could case hormone-related problems in humans including an increase the risk of infertility and early puberty. The concerns over triclosan offer a sobering glimpse at a little-known fact: Many chemicals used in everyday household products have never been formally approved by U.S. health regulators. That's because many germ-killing chemicals were developed decades ago before there were laws requiring scientific review of cleaning ingredients. The controversy also highlights how long it can take the federal government to review the safety of such chemicals. It's not uncommon for the process to drag on for years.
Note: For deeply revealing reports from reliable major media sources on health issues, click here.
Lipstick findings not pretty, maybe toxic
2013-05-02, San Francisco Chronicle (SF's leading newspaper)
Posted: 2013-05-14 09:06:25
Lipstick can give your lips color, sheen and texture, but may also put you at risk of ingesting potentially toxic metals, UC Berkeley researchers say in the latest study to ferret out questionable compounds in cosmetics. The scientists said [on May 2 that] they found metals in every one of the 32 lipsticks and lip glosses they tested. Some of those substances, including lead, cadmium and chromium, are banned from cosmetics in Europe, but not in the United States. Previous studies had detected traces of lead in lipstick, but the researchers said theirs was the first to find a variety of other metals that can be toxic in high doses. Manganese, for example, which was found in varying amounts in the tested products, is linked to neurological defects in humans who inhale it on a continuous basis. Makeup manufacturers in the United States sometimes use metals as color additives. The researchers believe that potentially harmful metals are present in possibly thousands of lip products beyond the 32 they tested. "The fact that virtually all of them have some metals of some concern leads me to say that it's a concern in general," said Katharine Hammond, a UC Berkeley environmental health sciences professor and the study's primary investigator. The report appears in the current issue of Environmental Health Perspectives. Consumers should not be burdened with figuring out which products are safe, [Hammond] argued. Instead, she said, the responsibility belongs to the U.S. Food and Drug Administration, which regulates cosmetics.
Note: For deeply revealing reports from reliable major media sources on health issues, click here.
Smoking Marijuana Regularly May Reduce Risk of Some Neck, Head Cancers
2009-08-26, Fox News
Posted: 2013-05-14 09:05:04
In a study, researchers have found that long-term pot smokers were roughly 62 percent less likely to develop head and neck cancers than people who did not smoke pot. The new study featured 434 patients with head and neck cancers, which include tumors in the mouth, tongue, nose, sinuses, throat and lymph nodes in the neck, and 547 individuals without these cancers seen in the Greater Boston area from December 1999 to December 2003. After factoring out the impact of smoking, drinking, and other factors that might influence the results, smoking marijuana from once every two weeks to three times every two weeks, on average, was associated with about half the risk of head and neck cancer, compared with less frequent use. Those who took up pot smoking at an older age appeared to have less risk of these cancers than those who started it at a younger age. Compared to people who never smoked pot, those who began smoking marijuana between the ages of 15 and 19 years were 47 percent less likely to develop head and neck cancer, while users who began at age 20 or older had a 61 percent reduced risk, Kelsey and colleagues found. The authors note that chemicals in pot called cannabinoids have been shown to have potential antitumor effects. Other studies have linked marijuana use to a reduced risk of some cancers, such as cancer of the prostate, and now head and neck cancer. It's also been suggested that smoking pot may help stave off Alzheimer's disease and help combat weight loss associated with AIDS, and nausea and vomiting associated with chemotherapy in cancer patients.
Note: For a great nine-minute video presenting major media reports showing how marijuana is a very promising cancer treatment that is being suppressed, click here. For deeply revealing reports from reliable major media sources on health issues, click here.
Victorian police in pedophile rings: victims
2004-07-08, Sydney Morning Herald (One of Australia's leading newspapers)
Posted: 2013-05-14 09:03:35
A highly-organised paedophile ring involving Victorian police and former politicians had been operating in the state since the 1970s, anti-child abuse groups claimed today. Dr Reina Michaelson of The Child Sexual Abuse Prevention Program (CSAPP) and Bravehearts founder Hetty Johnston today said they had been told by child sex abuse victims that former Victorian elected politicians and police members were involved in child pornography and prostitution. Dr Michaelson said she was working with child sex abuse victims who said they had witnessed significant police corruption and protection of paedophilia rings. The allegations come in response to a damning report released by Victoria's Ombudsman George Brouwer yesterday into Victoria Police's botched handling of four cases of child sex abuse. Ms Michaelson and Ms Johnston today called for the confidential Ombudsman's report to be made public and for a royal commission into child sexual abuse and corruption. "When problems within Victoria Police are shown to have extended into the investigation of serious sex crimes against children, as has been revealed by the Ombudsman's investigation, it is time for the Victorian government to act," Dr Michaelson said.
Note: Because of intense pressure from politicians and police and disturbing threats, Dr. Michaelson eventually gave up trying to push for justice in these sexual abuse cases. For lots more solid information on this disturbing news, click here and here. And if you are willing to explore how investigations into a massive child sex abuse ring have led to the highest levels of government, watch the suppressed Discovery Channel documentary "Conspiracy of Silence," available here.
Tesla’s Model S receives top rating from Consumer Reports
2013-05-09, Washington Post/Bloomberg
Posted: 2013-05-14 09:02:11
Tesla Motors Inc.’s electric Model S, Motor Trend’s 2013 “Car of the Year,” received the highest rating from Consumer Reports in an evaluation of the luxury sedan that led first-quarter North American plug-in car sales. The Model S from Palo Alto, California-based Tesla scored 99 out of 100 points, the non-profit magazine said in an e-mailed statement. The $89,650 car bought by Consumer Reports “performed better, or just as well overall” as any vehicle it’s ever tested, the ... magazine said. “It accelerates, handles and brakes like a sports car, it has the ride and quietness of a luxury car and is far more energy efficient than the best hybrid cars,” said Jake Fisher, Consumer Reports’ director of automotive testing. No rechargeable car has won a score as high as the Model S. The magazine last gave a vehicle 99 points in 2007, when Toyota Motor Corp.’s Lexus LS460L ranked that high. Model S shortcomings include limited range, long charge times and “coupe-like styling that impairs rear visibility and impedes access,” Consumer Reports said. Along with reliability that isn’t yet determined, Tesla still has a limited service network, the magazine said. The test vehicle had an 85-kilowatt/hour lithium-ion battery pack and averaged about 200 miles (322 kilometers) per charge in real-world driving, the magazine said. The Tesla “is easily the most practical electric car that has been tested to date,” Consumer Reports said.
Note: After undeniable suppression of the electric car by car manufacturers, independent upstart Tesla Motors has done it! Expect to see more breakthroughs from this great new company. For more on the company's amazing namesake and how his inventions were suppressed, click here.
Solar-powered plane completes first leg of cross-country journey
2013-05-04, Los Angeles Times
Posted: 2013-05-14 09:00:37
[Solar Impulse HB-SIA, a] solar-powered aircraft making a landmark cross-country flight [piloted by Bertrand Piccard], successfully completed its first leg [on May 4], and will rest about a week in [Phoenix] Arizona before taking to the skies again. "It's a little bit like being in a dream," Piccard told the Associated Press. The aircraft, running off solar cells and electric batteries rather than fossil fuels, ... travels at a leisurely 43 mph and cruises at a maximum altitude of 28,000 feet. Spokeswoman Alenka Zibetto [said] that the exact length of the stay would depend on weather. It is proving to be a popular attraction. Online registration for the Sunday slots -- with space for 150 people per hour -- filled up within a day, Zibetto said. The solar company SunPower [manufactured] the solar cells lining the 208-foot wingspan of Solar Impulse.
Note: For a treasure trove of great news articles on exciting new energy technologies, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
The Falling Cost Of Solar Energy Is Surprising Everyone
2013-05-02, Business Insider
Posted: 2013-05-14 08:58:16
Citi has just named solar photovoltaics, which convert solar radiation into electric currents via semiconductors, to its list of 10 world-disrupting technologies. In a note this week in advance of the disruption report, Citi's Jason Channell said that in many cases, renewables are already at cost parity with established forms of electricity sources. The biggest surprise in recent years has been the speed at which the price of solar panels has reduced, resulting in cost parity being achieved in certain areas much more quickly than was ever expected; these fast ‘learning rates’ are likely to continue, meaning that the technology just keeps getting cheaper. At peak solar exposure, parts of the southwest U.S. are now already capable of meeting their electricity needs via solar panels. The rapidly expanding parity provides enormous scope for growth in the solar industry, driven by standalone economics as opposed to subsidies, which are becoming ever scarcer in an austerity-driven world. Gas isn't going away, but renewables are coming on strong.
Note: It's rather strange that most mainstream media have hardly reported on this most awesome news at all. For another article showing that solar energy cost is already near parity with other energy sources, click here. For a treasure trove of great news articles on exciting new energy technologies, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
Profile: Global campaign group Avaaz
2013-02-28, BBC News
Posted: 2013-05-14 08:56:56
Avaaz - meaning "voice" in Farsi as well as several other European, Middle Eastern and Asian languages - describes itself as "a global web movement to bring people-powered politics to decision-making everywhere". According to the group's website, it was launched in 2007 with a mission to "organise citizens of all nations to close the gap between the world we have and the world most people everywhere want". It campaigns in 15 languages and is served by a small core team of 52 full-time staff worldwide and thousands of volunteers in all 192 UN member states, including Iran and China, where its website is illegal. "Our model of internet organising allows thousands of individual efforts, however small, to be rapidly combined into a powerful collective force," it says. Avaaz's founder and executive director, Ricken Patel, told the Times newspaper earlier this month: "There are two types of fatalism. The belief the world can't change, and the belief you can't play a role in changing it." The group employs a wide variety of tactics in its campaigns, including collating petitions with hundreds of thousands, if not millions, of signatures; organising demonstrations and phone-ins; fundraising, and paying for advertising. It says its successes range from helping to uphold the EU ban on GM crops to helping to circumventing the Burmese government's ban on international aid after Cyclone Nargis.
Note: The membership of this great organization has rapidly grown to over 20 million worldwide. Consider joining them and making your voice heard at avaaz.org. You can start a petition there which just might draw millions of supporters and make a real difference in building a better world. For a treasure trove of great news articles which will inspire you to make a difference, click here.
Top economist Jeffrey Sachs says Wall Street is full of 'crooks' and hasn't changed since the financial crash
2013-04-29, The Independent (One of the UK's leading newspapers)
Posted: 2013-05-07 08:24:41
One of the world's most respected economists has said Wall St is full of "crooks" and hasn't reformed its "pathological" culture since the financial crash. Professor Jeffrey Sachs told a high-powered audience at the Philadelphia Federal Reserve earlier this month that the lack of reform was down to “a docile president, a docile White House and a docile regulatory system that absolutely can’t find its voice.” Sachs, from Columbia University, has twice been named one of Time magazine’s 100 Most Influential People in the World, and is an adviser to the World Bank and IMF. “What has been revealed, in my view, is prima facie criminal behavior,” he said. “It’s financial fraud on a very large extent. There’s also a tremendous amount of insider trading. We have a corrupt politics to the core, I am afraid to say, and . . . both parties are up to their neck in this. This has nothing to do with Democrats or Republicans." Sachs described an environment of Wall Street influencing politicians with growing campaign contributions. In the 2012 election cycle, political contributions by the securities and investment sector hit $271.5 million, compared with $176 million in 2008, according to the Center for Responsive Politics. “I am going to put it very bluntly: I regard the moral environment as pathological. They have no responsibility to pay taxes; they have no responsibility to their clients; they have no responsibility to people, to counterparties in transactions,” he said. “They are tough, greedy, aggressive and feel absolutely out of control in a quite literal sense, and they have gamed the system to a remarkable extent.”
Note: For deeply revealing reports from reliable major media sources on criminal practices of Wall Street corporations, click here.
With Bags of Cash, C.I.A. Seeks Influence in Afghanistan
2013-04-29, New York Times
Posted: 2013-05-07 08:23:15
For more than a decade, wads of American dollars packed into suitcases, backpacks and, on occasion, plastic shopping bags have been dropped off every month or so at the offices of Afghanistan’s president — courtesy of the Central Intelligence Agency. All told, tens of millions of dollars have flowed from the C.I.A. to the office of President Hamid Karzai, according to current and former advisers to the Afghan leader. “We called it ‘ghost money,’ ” said Khalil Roman, who served as Mr. Karzai’s deputy chief of staff from 2002 until 2005. “It came in secret, and it left in secret.” The C.I.A. ... has long been known to support some relatives and close aides of Mr. Karzai. But the new accounts of off-the-books cash delivered directly to his office show payments on a vaster scale, and with a far greater impact on everyday governing. Moreover, there is little evidence that the payments bought the influence the C.I.A. sought. Instead, some American officials said, the cash has fueled corruption and empowered warlords, undermining Washington’s exit strategy from Afghanistan. “The biggest source of corruption in Afghanistan,” one American official said, “was the United States.” Now, Mr. Karzai is seeking control over the Afghan militias raised by the C.I.A. to target ... insurgent commanders, potentially upending a critical part of the Obama administration’s plans for fighting militants as conventional military forces pull back this year. But the C.I.A. has continued to pay.
Note: For deeply revealing reports from reliable major media sources on government corruption, click here.
CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law
2013-04-29, Bloomberg News
Posted: 2013-05-07 08:21:57
Former fashion jewelry saleswoman Rebecca Gonzales and former Chief Executive Officer Ron Johnson have one thing in common: J.C. Penney Co. no longer employs either. The similarity ends there. Johnson, 54, got a compensation package worth 1,795 times the average wage and benefits of a U.S. department store worker when he was hired in November 2011, according to data compiled by Bloomberg. Gonzales’s hourly wage was $8.30 that year. Across the [S&P] 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009, the data show. Almost three years after Congress ordered public companies to reveal actual CEO-to-worker pay ratios under the Dodd-Frank law, the numbers remain unknown. As the Occupy Wall Street movement and 2012 election made income inequality a social flashpoint, mandatory disclosure of the ratios remained bottled up at the Securities and Exchange Commission, which hasn’t yet drawn up the rules to implement it. Some of America’s biggest companies are lobbying against the requirement. “It’s a simple piece of information stockholders ought to have,” said Phil Angelides, who led the Financial Crisis Inquiry Commission, which investigated the economic collapse of 2008. “The fact that corporate executives wouldn’t want to display the number speaks volumes.” The lobbying is part of “a street-by-street, block-by-block fight waged by large corporations and their Wall Street colleagues” to obstruct the Dodd-Frank law, he said.
Note: For deeply revealing reports from reliable major media sources on income inequality, click here .