Government Corruption Media ArticlesExcerpts of Key Government Corruption Media Articles in Major Media
Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
Weeks before Pacific Gas and Electric Co. released a long-awaited seismic report about the Diablo Canyon nuclear plant last year, Nuclear Regulatory Commission officials had already drafted talking points declaring the plant safe from earthquakes, Sen. Barbara Boxer said Wednesday. An internal commission memo showed that the agency was planning to tell the public that “the NRC had reviewed the report, and it had concluded Diablo Canyon was seismically safe” — before even seeing the report. Boxer ... used it to illustrate what she called the commission’s lax attitude toward seismic safety, even in the wake of the 2011 meltdown of three reactors at Japan’s Fukushima Daiichi power plant. Her comments shone new light on a controversy that has simmered since the seismic safety report’s release last fall. PG&E released the report on Sept. 10. That same day, the commission — the federal agency that regulates nuclear plants — formally rejected complaints from one of its own former inspectors at Diablo Canyon, who had argued that the plant should be closed. Several newly discovered faults nearby, he said, could produce more violent shaking than Diablo was designed to withstand. Environmental groups ... accused the commission and PG&E of colluding to release both the report and the rejection of the inspector’s complaint on the same day, generating positive press about Diablo’s safety.
Note: Why would Nuclear Regulatory Commission officials ignore their responsibility to protect the public from the potentially disastrous combination of earthquakes and nuclear power plants?
Whenever Chicago Police commander Jon Burge needed a confession, he would walk into the interrogation room and set down a little black box, his alleged victims would later tell prosecutors. The box had two wires and a crank. Burge ... would attach one wire to the suspect’s handcuffed ankles and the other to his manacled hands. Then [he] would place a plastic bag over the suspect’s head. Finally, he would crank his little black box and listen to the screams of pain as electricity coursed through the suspect’s body. As many as 120 African-American men on Chicago’s South Side ... were allegedly tortured by Burge between 1972 and 1991. On Tuesday, Chicago Mayor Rahm Emanuel announced the establishment of a $5.5 million fund for these victims. Some of the men spent years on Illinois’s death row because of confessions allegedly obtained by Burge under duress. In 2003, Governor George Ryan pardoned four men on death row who claimed to have been tortured by Burge, [whom] the Chicago Police Board voted to fire [in 1993] for his alleged torture activities. [He] was allowed to keep his $4,000 per month pension. In 2002, Cook County appointed [a special prosecutor] to investigate Burge’s conduct. The investigation took four years and cost $7 million, but the 300-page report didn’t recommend bringing any charges against the former cop. The statute of limitations for the alleged crimes had expired, Egan argued.
Note: According to the Chicago Reader, Burge may have learned how to torture prisoners while serving as a soldier in Vietnam. Chicago police maintain hidden interrogation sites where brutal treatment of suspects is used to obtain criminal confessions. For more along these lines, see concise summaries of deeply revealing news articles about civil liberties and government corruption from reliable major media sources.
Doug Hughes, a 61-year-old mailman from Ruskin, told his friends he was ... going to fly a gyrocopter through protected airspace and put it down on the lawn of the U.S. Capitol, then try to deliver 535 letters of protest to 535 members of Congress. After 2˝ years of planning, Hughes ... flew straight up the expanse of the National Mall and brought his small craft down right in front of the Capitol, where he was quickly surrounded by police. The incident brought out dozens of reporters and cameras from national media outlets — exactly what Hughes had hoped for. Hughes contacted a Tampa Bay Times reporter last year, saying he wanted to tell someone about his plan and motivation. Hughes is a slender, soft-spoken, pedantic man, with thinning gray hair and hearing aids. He has no criminal record. But he said he needed [this] very dramatic public act of civil disobedience to focus the nation's attention on campaign finance reform. Money, he says, has corrupted the democracy. At the root of Hughes' disdain is the Supreme Court's 2010 decision in Citizens United vs. Federal Election Commission, in which the court decided campaign contributions were a form of "political speech" and struck down limits on how much corporations and unions could give to political contenders. The decision changed the game. Campaign spending went through the roof. In Hughes' mind, there was a parallel spike in favor-dealing and the government is now practically owned by the rich.
Note: The text of Hughes' letter to congress is available at the article above. Other articles on this on CBS and NBC missed important details about the suicide of his son and his political objective. Did this stunt make more people aware that billionaire oligarchs influence elections with dark money?
After the first revelations of domestic surveillance by NSA whistleblower Edward Snowden, President Obama defended the spying programs by claiming they were “subject to congressional oversight and congressional reauthorization and congressional debate.” But as Rep. Alan Grayson, D-Fla., and other members of Congress have pointed out, there is essentially a "two-tiered" system for oversight, with lawmakers and staff on specialized committees, such as the House and Senate committees on Intelligence and Homeland Security, controlling the flow of information and routinely excluding other Congress members. A large number of lobbyists and consultants [pass] through the revolving door between the intelligence community and the watchdogs who purportedly oversee the intelligence community. Lobbyist influence is a particularly sensitive issue when it comes to intelligence committees, since those committees oversee secret “black budgets” in which money is disbursed with greatly reduced public oversight. The potential for self dealing is significant; former Rep. Randy “Duke” Cunningham, R-Calif., was caught accepting bribes to essentially earmark government contracts into a black budget. Lobbyist control over the House and Senate intelligence and homeland security committees may have a profound impact on a range of surveillance issues debated by Congress this year, including the Cybersecurity Information Sharing Act and the Patriot Act.
Note: The above article details several examples of industry lobbyists now operating in key government oversight positions within an unaccountable intelligence establishment. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in intelligence agencies.
When Bruce E. Ivins, an Army microbiologist, took a fatal overdose of Tylenol in 2008, the government declared that he had been responsible for the anthrax letter attacks of 2001, which killed five people and set off a nationwide panic, and closed the case. Now, a former senior F.B.I. agent who ran the anthrax investigation for four years says that the bureau gathered “a staggering amount of exculpatory evidence” regarding Dr. Ivins that remains secret. The former agent, Richard L. Lambert, who spent 24 years at the F.B.I., says he believes it is possible that Dr. Ivins was the anthrax mailer, but he does not think prosecutors could have convicted him had he lived to face criminal charges. In a lawsuit filed in federal court in Tennessee last Thursday, Mr. Lambert accused the bureau of trying “to railroad the prosecution of Ivins” and, after his suicide, creating “an elaborate perception management campaign” to bolster its claim that he was guilty. Mr. Lambert’s lawsuit accuses the bureau and the Justice Department of forcing his dismissal from a job as senior counterintelligence officer ... in retaliation for his dissent on the anthrax case. The anthrax letters were mailed to United States senators and news organizations in the weeks after the Sept. 11, 2001, terrorist attacks. The bureau’s investigation ... focused on a former Army scientist and physician, Dr. Steven J. Hatfill, who was subsequently cleared and given a $4.6 million settlement to resolve a lawsuit.
Human rights campaigners have prepared a federal lawsuit aiming to permanently shut down the bulk collection of billions of US phone records – not, this time, by the National Security Agency, but by the Drug Enforcement Agency. The program ... served as a template for the NSA’s gigantic and ongoing bulk surveillance of US phone data after 9/11. The revelation of mass phone-records collection in the so-called “war on drugs” raises new questions about whether the Obama administration or its successors believe US security agencies continue to have legal leeway for warrantless bulk surveillance on American citizens. Starting in 1992, the so-called “USTO” effort operated without judicial approval, despite the US constitution’s warrant requirement. Attorney general Eric Holder ended USTO in September 2013 out of fear of scandal following Snowden’s disclosures. While Snowden did not expose USTO, several NSA programs he has exposed referenced the DEA as an NSA partner, giving the DEA another secret pathway to massive amounts of US communications records. The warrantless bulk records collection provides prosecutors the ability to enter into evidence incriminating material that could otherwise be thrown out of court, [and] has not stopped the upward growth of domestic narcotics consumption.
Note: In order to deny due process to people accused of crimes, the DEA's Special Operations Division constructs lies about the origins of data obtained from warrantless mass surveillance. Award-winning journalists have presented powerful evidence of direct DEA and CIA involvement in and support of drug running and drug cartels. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the intelligence community.
Global horror over child abuse and its concealment by the Establishment, hitherto focused squarely on the UK, now needs to be widened to France as well. Thousands of children in French schools have been sexually abused by paedophile teachers, an international NGO has claimed, accusing the French education authorities of a decades-long “cover-up”. The French education system is set to become the focus of a national scandal after minister for education Najat Vallaud-Belkacem was forced to admit last week that 16 teachers were allowed to work in schools last year despite holding previous convictions for paedophilia. Homayra Sellier, founder of Innocence en Danger, an NGO dedicated to child abuse victims, says: “The ministry of education has covered this up for years. The government has never been inclined to listen to these stories.” Sellier forecasts thousands of cases will emerge, a concern echoed by another French NGO, Lueur d’Enfance, which works to support and defend the rights of children. Teachers who try to speak out about child abuse at the hands of other teachers are silenced by school directors and local officials, and even threatened with legal action – usually defamation. Others have lost their jobs. As for the teachers the children accuse, they usually stay at the same school, or are quietly transferred to another.
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles about sexual abuse scandals and government corruption from reliable major media sources.
Last week, FAIR noticed that not one major media organization in the United States has covered the charge, reported in Colombia, “that US military soldiers and contractors had sexually abused at least fifty-four children in Colombia between 2003 and 2007 and, in all cases, the rapists were never punished–either in Colombia or stateside–due to American military personnel being immune from prosecution under diplomatic immunity agreements.” One of the rapes ... was allegedly committed by Army sergeant Michael J. Coen and an employee of a private security contractor, César Ruiz. The victim was a 12-year-old girl. They abducted her, they drugged her, they took her to the air base near the town of Melgar and raped her, they took videos of her. Colombian prosecutors issued arrest warrants [that] were “not executed because of the immunity of Coen and Ruiz.” Under a series of treaties ... members of the US military stationed in Colombia are immune from prosecution. That immunity has since been extended to private security firms. Another serious sexual assault that, like the rape described above, was covered by the Colombian press, both in print and on TV, but ignored in the United States: in 2004, “53 underage girls were sexually abused by mercenaries, who filmed and sold the tapes as pornographic material.” The private security firm involved [was identified as] DynCorp, a Virginia-based contractor.
Note: Dyncorp is only slightly less infamous than Blackwater, having been involved in numerous international outrages, including a child sex slavery ring in Bosnia in 1999. Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles about sexual abuse scandals from reliable major media sources.
John Oliver’s Monday night interview of Edward Snowden ... renewed all the standard attacks in Democratic circles accusing Snowden of being a traitor in cahoots with the Kremlin. What’s most striking about this — aside from the utter lack of evidence for any of it — is how identical it is to what Nixon officials said to smear the last generation’s greatest whistleblower, Daniel Ellsberg. I defy anyone to listen to any Democratic apparatchik insinuate that Snowden is a Russian agent and identify any differences with how Nixon apparatchiks smeared Ellsberg (or, for that matter, how today’s warnings from Obama officials about the grave harm coming from leaks differ from the warnings issued by Bush and Nixon officials). The script for smearing never changes. One of the most illustrative examples of this: an April 1967 New York Times editorial harshly chastising Martin Luther King for his anti-war activism. That editorial was published three days after King’s speech on the Vietnam War at the Riverside Church in New York City, which ... denounced the U.S. government as “the greatest purveyor of violence in the world today,” as well as the leading exponent of “the deadly Western arrogance that has poisoned the international atmosphere for so long.” The attack of the NYT editors on King for that speech is ... identical to how anti-war advocates in the U.S. are maligned today [by] Washington smear merchants.
Note: The media smear campaign against Dr. Martin Luther King was followed by his government-sponsored assassination, as a 1999 trial in Memphis, TN ultimately revealed. For more along these lines, see concise summaries of deeply revealing news articles about government corruption and the manipulation of mass media.
Patrick J. O’Reilly was at times “a cheerleader and an advocate” for the Missile Defense Agency during his four years as director. But he broke ranks with his predecessors at the agency by questioning flawed programs. In a series of interviews, O’Reilly said members of Congress whose states or districts benefited from missile defense spending fought doggedly to protect three of the programs long after their shortcomings became obvious. He described how Rep. Howard “Buck” McKeon (R-Santa Clarita) reacted when he outlined his reservations about the Airborne Laser project, envisioned as a fleet of Boeing 747s that would be modified to fire laser beams at enemy missiles. “He’d immediately start talking about, ‘How much money do you need?’ I was trying to say, ‘On the technical merits, it doesn’t make sense.’” The project was killed in 2012, after a decade of testing and $5.3 billion in spending. O’Reilly grew skeptical of another missile defense project, the Kinetic Energy Interceptor, after he learned that Navy ships would have to be retrofitted ... to accommodate the 40-foot-long rocket. Existing ships could not carry interceptors longer than 22 feet, he said. The project’s backers included Sen. Jon Kyl of Arizona, [and] Sens. Jeff Sessions and Richard C. Shelby of Alabama. O’Reilly said the three senators bristled when he suggested that the Kinetic Energy Interceptor was unworkable. The program nevertheless was discontinued [in 2009]. By then, $1.7 billion had been spent on it.
More than 750 plaintiffs are suing the Johns Hopkins Hospital System Corp. over its role in a series of medical experiments in Guatemala in the 1940s and 1950s during which subjects were infected with venereal diseases. The lawsuit in Baltimore seeks $1 billion in damages for individuals, spouses and children of people infected with syphilis, gonorrhea and other sexually transmitted diseases through a U.S. government program between 1945 and 1956. The suit claims Johns Hopkins officials had "substantial influence" over the studies, controlling some advisory panels, and were involved in planning and authorizing the experiments. A Hopkins spokesperson ... confirmed that faculty members took part in reviewing funding applications, but said this did not warrant a lawsuit against the medical center. The statement expressed "profound sympathy for individuals and families impacted by the deplorable 1940s syphilis study conducted by the U.S. Government in Guatemala," and noted that the ethical standards for conducting medical research have changed significantly in the decades since then. It's the latest in a series of lawsuits over the studies. A federal judge in 2012 dismissed a lawsuit against the U.S. government involving the same study.
Note: Explore an excellent list of dozens of studies over the years in which humans were used unknowingly as guinea pigs in clear breach of ethical standards. Links are provided for verification of each study. For more along these lines, see concise summaries of deeply revealing news articles about corruption in the medical industry and in government.
A senior HSBC executive has privately admitted that the bank is “cast-iron certain” to have another major regulatory breach in the future. Global head of sanctions Lee Hale ... was meeting with independent lawyers monitoring HSBC as part of a controversial 2012 deal with the US Department of Justice, in which the bank avoided prosecution over sanctions-busting and money-laundering in its Mexican branch in exchange for paying a $1.9bn fine and receiving additional regulatory scrutiny for a period of five years. The deferred prosecution agreement was signed by the then US attorney for the eastern district of New York, Loretta Lynch. During a long exchange about HSBC’s new policy on sanctions and internal breaches of company rules, Hale told the regulator that “given the size and scale of HSBC”, in his view “it is a cast-iron certain[ty] this will happen, at some point in the future we’re going to have some big breach, some regulatory breach”. He added: “I hope it doesn’t happen, but it is likely.” The recorded monitor discussions also touched on problems in the bank’s US compliance team. Hale said: “The internal audit team have done a US review and it’s not great in terms of what they’ve found.” The findings, according to Hale, prompted the bank to terminate the employment of one of the bank’s senior compliance executives in New York, a former sanctions official at the US Treasury. In 2012, a US Senate report noted that a high turnover of compliance staff at the bank’s US subsidiary had made reforms difficult to implement.
Note: Read lots more on HSBC's sweetheart deal with U.S. officials in a Rolling Stone article by Matt Taibbi. Is it even possible to root out corruption in a bank founded to service the international drug trade? For more along these lines, see concise summaries of deeply revealing news articles about systemic corruption in government and the financial industry.
In a war full of failures, the US counternarcotics mission in Afghanistan stands out: opiate production has climbed steadily over recent years to reach record-high levels last year. One clear winner in the anti-drug effort is ... the infamous mercenary company formerly known as Blackwater. Statistics released on Tuesday reveal that the rebranded private security firm, known since 2011 as Academi, reaped over a quarter billion dollars from the futile Defense Department push to eradicate Afghan narcotics, some 21% of the $1.5 bn in contracting money the Pentagon has devoted to the job since 2002. The company is the second biggest beneficiary of counternarcotics largesse in Afghanistan. Only the defense giant Northrop Grumman edged it out, with $325m. According to the US inspector general for Afghanistan “reconstruction”, the $309m Academi got from US taxpayers paid for “training, equipment, and logistical support” to Afghan forces conducting counternarcotics. Far from eradicating the deep-rooted opiate trade, US counternarcotics efforts have ... contributed to the opium boom. In December, the United Nations reported a 60% growth in Afghan land used for opium poppy cultivation since 2011, up to 209,000 hectares. The estimated $3bn value of Afghan heroin and morphine represents some 15% of Afghan GDP. Academi and its former Blackwater incarnation have an infamous history in Afghanistan. It once set up shell companies to disguise its business practices, according to a Senate report, so that its contracts would be unimpeded by company employees’ killings of Iraqi and Afghan civilians.
Note: Blackwater, now called Academi, got caught systematically defrauding the US government, while serving as a "virtual extension of the CIA". The CIA has been linked to the Afghan heroin trade for decades. In 2000, the Taliban had all but eradicated Afghan opium production. Once Afghanistan was under US control, opium production surged to record levels.
The Metropolitan Police is being investigated over further allegations of corruption in relation to child sex offences dating back to the 1970s, including the claim that evidence gathered against MPs, judges, media entertainers, police, clergy and actors was dropped due to police intervention. The fresh allegations are in addition to the 14 cases being investigated by the Independent Police Complaints Commission (IPCC), revealed earlier this month, dating from the 1970s to the 2000s. The three new investigations relate to allegations about police suppressing evidence, hindering or halting investigations, and covering up offences due to the involvement of members of parliament and police officers. One case addressed the allegation that a child abuse investigation in central London, which gathered evidence against MPs, judges, media entertainers, police, actors, clergy, and others, was dropped. It has been claimed that two months after the file had been submitted to start proceedings against those identified, an officer was called in by a senior Met officer and told to drop the case. The two further allegations relate to a child abuse investigation conducted in the 1980s, with one relating directly to police actions in the case. The IPCC said it was also assessing a further six referrals it had received from the Met relating to similar matters.
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles about sexual abuse scandals and government corruption from reliable major media sources.
When Jack Dawley returned in 2007 to his hometown, Norwalk, Ohio, after eight years in prison and on parole in Wisconsin, he knew getting by would be difficult. For four years, he ... paid down the $1,400 in fines and court fees he owed. But in 2012, he injured his back, lost his job and missed a payment on his court debt. He was arrested and sentenced to jail for 10 days. When he got out, he had 90 days to make a payment. He failed, and went back to jail. A cycle was beginning: jail every 90 days. Although the United States outlawed debtors’ prison two centuries ago, that, in effect, is where Dawley kept going. It is crowded there. [In] Ferguson, MO ... the recent Department of Justice investigation of the police and courts portrays a system designed to jail the poor for their poverty. Across America, courts levy fines and fees ... on misdemeanor offenders, and jail them when they cannot pay. You don’t go to jail for walking your dog without a leash, making an illegal left turn or burning leaves without a permit, but in many states you will go to jail if you can’t pay the resulting fees and fines. We have a two-tier system: The rich pay fines. The poor go to jail. Debtors’ prison is both senseless and illegal. In 1983, the Supreme Court ruled that courts must inquire about a defendant’s ability to pay fines and can jail only those who can pay but won’t. Yet defendants don’t know [that] they can ask for a hearing on their ability to pay, [and] courts routinely fail to suggest a hearing.
Drug Enforcement Administration agents allegedly had "sex parties" with prostitutes hired by local drug cartels overseas over a period of several years, according to a report released Thursday by the Justice Department's watchdog. The agents, some of whom had top-secret security clearances, received suspensions of two to 10 days. Former police officers in Colombia also alleged that three DEA supervisory special agents were provided with money, expensive gifts and weapons from drug cartel members, according to the report. The findings were part of a much broader investigation into the handling of allegations of sexual harassment and misconduct from fiscal 2009 to 2012 at federal law enforcement agencies. [Justice Department Inspector General Michael E.] Horowitz said the investigation was "significantly impacted and unnecessarily delayed" by repeated difficulties his office had in obtaining relevant information from the FBI and the DEA. When he did receive the information, he said, it "was still incomplete." Sen. Charles Grassley (R-Iowa), chairman of the Judiciary Committee, called on the Justice Department on Thursday to adopt a zero-tolerance policy for employees who purchase sex. "The Department of Justice may not be taking adequate steps to prevent its own employees from buying sex and thereby contributing to the demand for the human sex trade," Grassley wrote to Acting Deputy Attorney General Sally Quillian Yates.
Note: DEA agents caught being supplied prostitutes by drug cartels are merely suspended for a few days? What's up with that? Read the gripping stories of two award-winning journalists giving powerful evidence of direct DEA and CIA involvement in and support of drug running and drug cartels. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the intelligence community.
An anti-Iranian group calling itself “United Against Nuclear Iran” (UANI) ... is very likely a front for some combination of the Israeli and U.S. intelligence services. When launched, NBC described its mission as waging “economic and psychological warfare” against Iran. The group was founded and is run and guided by a roster of ... neocon extremists such as Joe Lieberman, former Bush Homeland Security adviser (and current CNN “analyst”) Fran Townsend, former CIA Director James Woolsey, and former Mossad Director Meir Dagan. In May 2013, UANI launched a “name and shame” campaign designed to publicly identify — and malign — any individuals or entities enabling trade with Iran. One of the accused was the shipping company of Greek billionaire Victor Restis, who ... sued UANI for defamation in a New York federal court. Then something quite extraordinary happened: In September of last year, the U.S. government, which was not a party, formally intervened in the lawsuit, and demanded that the court ... dismiss the lawsuit against UANI before it could even start, on the ground that allowing the case to proceed would damage national security. Why would such a group like this even possess “state secrets”? It would be illegal to give them such material. The U.S. government provide no clue as to what the supposedly endangered “state secrets” are. As a result of the DOJ’s protection, UANI cannot be sued. This group of neocon extremists now has a license to defame anyone they want.
The issues surrounding G.M.O.s - genetically modified organisms - became more complicated last week when the International Agency for Research on Cancer declared that glyphosate, the active ingredient in the widely used herbicide Roundup, probably causes cancer in humans. Two insecticides, malathion and diazinon, were also classified as "probable" carcinogens by the agency, a respected arm of the World Health Organization. Roundup, made by Monsanto for both home and commercial use, is crucial in the production of genetically engineered corn and soybean crops, so it was notable that the verdict on its dangers came nearly simultaneously with an announcement by the Food and Drug Administration that new breeds of genetically engineered potato and apple are safe to eat. Few people are surprised that an herbicide in widespread use is probably toxic at high doses or with prolonged exposure, circumstances that may be common among farmers and farmworkers. Nor is it surprising that it took so long - Roundup has been used since the 1970s - to discover its likely carcinogenic properties. There is a sad history of us acting as guinea pigs for the novel chemicals that industry develops. To date, G.M.O.s and other forms of biotech have done nothing but enrich their manufacturers and promote a system of agriculture that's neither sustainable nor for the most part beneficial. We don't need better, smarter chemicals along with crops that can tolerate them; we need fewer chemicals. There's no reason to put the general population, and particularly the farming population, at risk for the sake of industry profits.
Note: Monsanto's Roundup and the GMO crops that support its use are well-known by scientists to be a threat to public health. For more, see concise summaries of deeply revealing news articles on GMO risks and how these are covered up.
The stock market is rigged. With stock prices rushing far ahead of economic reality over the last six or so years, more experts in the financial markets are coming to the same conclusion. Ed Yardeni, a longtime Wall Street guru ... said flat out last week that the market was being propped up. “These markets are all rigged, and I don’t say that critically. I just say that factually,” he asserted on CNBC. Yardeni’s claim is the most basic one: that the Federal Reserve won’t do anything that will upset Wall Street and, in fact, is doing all it can to help the stock market. The Bank of Japan [has been] “aggressively purchasing stock funds.” The benefits, Japan’s central bank believes, will then trickle down to the rest of the economy. One American exchange has made intervention in — rigging — foreign governments easier and cheaper to accomplish. CME Group, the Chicago exchange that trades options and commodities, had an incentive program under which foreign central banks could buy stock market derivatives like the Standard & Poor’s futures contracts at a discount. S&P futures contracts are the vehicle of choice for rigging the market. There’s another kind of market rigging ... being done by companies themselves. Since corporate profits and revenues aren’t growing enough to justify current high stock prices, companies have been aggressively buying back massive quantities of their own shares. By doing this, companies reduce the number of their shares owned by the public [to boost] the calculation of profit-per-shares. Today’s markets aren’t fair [and] stock prices are artificially inflated.
Note: Don't forget that Bernie Madoff was once the head of the NASDAQ exchange. When it comes to international banking, it appears that almost everything is rigged. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.
An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment "expectations" and hurt their business, according to a classified document. The Trans-Pacific Partnership - a cornerstone of Mr. Obama's remaining economic agenda - would grant broad powers to multinational companies operating in North America, South America and Asia. Under the accord ... companies and investors would be empowered to challenge regulations, rules, government actions and court rulings ... before tribunals organized under the World Bank or the United Nations. The chapter in the draft of the trade deal, dated Jan. 20, 2015, [was] obtained by The New York Times in collaboration with the group WikiLeaks. [Its] cover mandates that the chapter not be declassified until four years after the Trans-Pacific Partnership comes into force or trade negotiations end, should the agreement fail. Under the terms of ... chapter, foreign investors could demand cash compensation if member nations "expropriate or nationalize a covered investment either directly or indirectly." Opponents fear "indirect expropriation" will be interpreted broadly, especially by deep-pocketed multinational companies opposing regulatory or legal changes that diminish the value of their investments. In 2013, Eli Lilly took advantage of a similar provision under Nafta to sue Canada for $500 million, accusing Ottawa of violating its obligations to foreign investors by allowing its courts to invalidate patents for two of its drugs.
Note: The above article further clarifies why the TPP is a pending disaster. For more, see this article, or watch the two minute video Former US Secretary of Labor Robert Reich made to educate the public about the dangers of the TPP.
Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.