Excerpts of Key Media Articles from Major Media
Below are many highly revealing excerpts of key media articles from the major media that suggest major cover-ups and corruption.
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Haunting Photos of the Sites of Child Abuse
2014-12-01, Time Magazine
In a damning 2009 report, Ireland’s independently-run Commission to Inquire into Child Abuse – which spent nine years investigating thousands of allegations of abuse at religious-run institutions – spoke of a culture of “endemic sexual abuse” in the country’s Catholic boys’ schools and of the “deferential and submissive attitude” of the Irish state towards the religious orders who ran them. What emerged from the investigation, and from a separate Dublin-specific inquiry concluded the same year, was that institutional child abuse was widespread and that it had occurred not only in schools, but in many places where young people were in the care of religious orders. The commissions also revealed that very often when children reported the abuse, they were largely ignored and even punished. The state, too, had willfully turned a blind eye. The very ordinariness of [the abuse] struck photographer Kim Haughton as profoundly disturbing. This was molestation that was at once hidden and woven into the fabric of everyday life. “So much of this happened in places like schools and churches, and in homes,” she tells TIME. And so she embarked on In Plain Sight, a project in which the [actual] sites of these abuses became the subjects of her lens ... places that, when taken at face value, seem unremarkable. “The work, I hope, challenges us to confront these crimes in the context in which they happened,” Haughton adds, “everyday life.”
Note: Read the complete story to see photos from In Plain Sight. Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals also reach to the highest levels of government in the US. And read an abundance of major media news articles showing rampant child sexual abuse at high levels in many prominent organizations.
Edward Snowden wins Swedish human rights award for NSA revelations
2014-12-01, The Guardian (One of the UK's leading newspapers)
Whistleblower Edward Snowden received several standing ovations in the Swedish parliament after being given the Right Livelihood award for his revelations of the scale of state surveillance. Snowden, who is in exile in Russia, addressed the parliament by video from Moscow. In a symbolic gesture, his family and supporters said no one picked up the award on his behalf in the hope that one day he might be free to travel to Sweden to receive it in person. Snowden is wanted by the US on charges under the Espionage Act. His chances of a deal with the US justice department that would allow him to return home are slim and he may end up spending the rest of his days in Russia. His supporters hope that a west European country such as Sweden might grant him asylum. The awards jury, in its citation, said Snowden was being honoured “for his courage and skill in revealing the unprecedented extent of state surveillance violating basic democratic processes and constitutional rights”. The chamber was filled with members of parliament from almost all the parties. The Guardian editor, Alan Rusbridger, was also among the recipients. The jury citation said his award was in celebration of “building a global media organisation dedicated to responsible journalism in the public interest, undaunted by the challenge of exposing corporate and government malpractices”.
Note: For more along these lines, read how Wikipedia founder Jimmy Wales considers Edward Snowden a hero. For more on the Snowden case, see the deeply revealing reports from reliable major media sources available here.
Ferguson hug between protester and police officer goes viral
In the wake of a grand jury decision not to indict Officer Darren Wilson in the shooting death of Michael Brown, Americans have grown accustomed to images of police and protesters in Ferguson, Missouri. One such image is now going viral, but not for the reason one might think. The photo ... shows 12-year-old Devonte Hart and Portland Police Sgt. Bret Barnum embraced in a hug outside of a Ferguson rally on Tuesday. Hart’s mother ... explained that she and Hart went to downtown Portland “with the intention of spreading love and kindness.” Hart brandished a “Free Hugs” sign as he stood alone in front of a police barricade. His mother says he started to get emotional during the rally: “He wonders if someday when he no longer wears a ‘Free Hugs’ sign around his neck, when he’s a full-grown black male, if his life will be in danger for simply being.” That’s when Sgt. Barnum noticed Hart crying and called the boy over to him. Barnum ... asked why he was crying. Hart’s mother says his response was “about his concerns regarding the level of police brutality towards young black kids was met with an unexpected: “Yes. I know. I’m sorry. I’m sorry.” Next, Sgt Barnum asked if he could have one of the “Free Hugs” advertised on his sign. Barnum [said] “it’s a blessing for me that I didn’t miss an opportunity to impact this child.” The image has now been shared widely across social media. Hart’s mother called the tearful hug “one of the most emotionally charged experiences I’ve had as a mother.”
Note: Read lots more on this inspiring incident and the challenging background of Devonte Hart. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Pope Prays in Istanbul Mosque in New Outreach
2014-11-29, ABC News/Associated Press
Pope Francis stood Saturday for two minutes of silent prayer facing east in one of Turkey's most important mosques, a powerful vision of Christian-Muslim understanding at a time when neighboring countries are experiencing violent Islamic assault on Christians and religious minorities. The Vatican spokesman, Rev. Federico Lombardi called it a moment of "silent adoration." It was a remarkably different atmosphere from Francis' first day in Turkey, when the simple and frugal pope was visibly uncomfortable with the pomp and protocol required of him for the state visit part of his trip. With President Recep Tayyip Erdogan's mega-palace, honor guard and horseback escort now behind him, Francis got down to the business of being pope, showing respect to Muslim leaders, celebrating Mass for Istanbul's tiny Catholic community and meeting with the spiritual leader of the world's 300 million Orthodox Christians. Francis' visit comes at an exceedingly tense time for Turkey, with Islamic State militants grabbing territory next door in Syria and Iraq and sending some 1.6 million refugees fleeing across the border. Some refugees were expected to attend Francis' final event on Sunday before he returns to Rome. Francis was following in the footsteps of Pope Benedict XVI, who visited Turkey in 2006 amid heightened Christian-Muslim tensions over a now-infamous papal speech linking violence with the Prophet Mohammed.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
New York State blocks free medical services
2014-11-28, MSN News
New York state health officials have stopped a nonprofit group from providing free medical care to thousands of patients lacking health insurance during a four-day dental conference that starts Friday. The nonprofit, Remote Area Medical, had raised $3 million and enlisted hundreds of volunteer doctors and other medical workers to offer a range of health services, including dental care, new eyeglasses and other services. The group had planned to treat about 7,000 patients at the New York Sate event. In September, the New York State Department of Health told the volunteer group, founded in 1985, that it could not treat patients at the conference unless it partnered with an established, state-licensed medical organization. Despite last-minute efforts, the partnership could not be arranged in time, and the nonprofit group said it found out this week that the state would not waive the requirement. “This was incredibly disappointing and will mean that thousands of patients won’t get the care they desperately need,” said Stan Brock, the founder of Remote Area Medical. Brock said state health officials told him during negotiations that the free health services his organization provides were not needed. But Brock said there are tens of thousands of New Yorkers, including homeless people, who are in need of free healthcare.
Note: For more along these lines, see concise summaries of deeply revealing health corruption news articles from reliable major media sources.
HSBC and Goldman sued for allegedly fixing metal price
2014-11-26, BBC News
Goldman Sachs and HSBC are among four platinum and palladium dealers to be sued in New York for allegedly fixing the price of the metals. The four companies are said to have rigged prices for eight years. BASF and Standard bank were also sued in the first lawsuit of its kind in the US. The four defendants declined to comment. Modern Settings, a Florida-based maker of jewellery and police badges, said purchasers lost millions of dollars. The Florida company filed the complaint in Manhattan federal court. The companies were accused of having conspired since 2007 to rig the twice-daily platinum and palladium fixings. It is alleged that the companies illegally shared customer data and then used that information to engage in front running ... a form of market manipulation in which traders profit by using information about their clients' trading intentions. Traders will often know how a particular client order will affect the market and can place their own trades ahead of that order to benefit. The four companies in this case are also accused of manufacturing "spoof" orders. Goldman, HSBC and Standard Bank declined to comment. International regulators have tightened scrutiny of pricing benchmarks in recent years. The tighter regulation comes after a currency trading scandal and the Libor scandal, which fixed a benchmark interest rate.
Note: For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in banking and finance. For additional information, see the excellent, reliable resources provided in our Banking Corruption Information Center.
Talking to James Risen About Pay Any Price, the War on Terror and Press Freedoms
2014-11-25, The Intercept
James Risen, who won the Pulitzer Prize in 2005 for exposing the NSA warrantless eavesdropping program, has [been] threatened with prison by the Obama Justice Department. [This] is almost certainly the vindictive by-product of the U.S. government’s anger over his NSA reporting. He has published a new book on the War on Terror entitled Pay Any Price: Greed, Power and Endless War. Risen's [critique] is one of the first to offer large amounts of original reporting on ... a particular part of the War on Terror, namely the way in which economic motives, what [he] calls the Homeland Security Industrial Complex, has driven a huge part of the war. GLENN GREENWALD: How much of this economic motive is the cause of the fact that we’ve now been at war for 13 years? RISEN: It plays a really central role. After so many years there’s ... a post-9/11 mercenary class that’s developed that have invested. Not just people who are making money, but people who are in the government. Their status and their power within the government are invested in continuing the war. There’s very little debate about whether to continue the war. When Dick Cheney said, “the gloves come off,” ... that really meant, “We’re going to deregulate national security, and we’re going to take off all the rules that were imposed in the ’70s after Watergate.” That was just a dramatic change. It’s been extended to this whole new homeland security apparatus. People think that terrorism is an existential threat, even though it’s not, and so they’re willing to go along with all this.
Note: The complete interview at the link above provides details of James Risen's fight to preserve journalistic integrity against a corrupted government's attempts to manipulate the news. For more on Risen's deeply revealing investigation of the Homeland Security Industrial Complex, see this recent NPR interview.
41 men targeted but 1,147 people killed: US drone strikes – the facts on the ground
2014-11-24, The Guardian (One of the UK's leading newspapers)
A new analysis of the data available to the public about drone strikes, conducted by the human-rights group Reprieve, indicates that even when operators target specific individuals – the most focused effort of what Barack Obama calls “targeted killing” – they kill vastly more people than their targets, often needing to strike multiple times. Attempts to kill 41 men resulted in the deaths of an estimated 1,147 people, as of 24 November. Reprieve [focused on] cases in which specific people were targeted by drones multiple times. Their data, shared with the Guardian, raises questions about the accuracy of US intelligence. The analysis is a partial estimate. “Drone strikes ... are only as precise as the intelligence that feeds them. There is nothing precise about intelligence that results in the deaths of 28 unknown people, including women and children, for every ‘bad guy’ the US goes after, ”said Reprieve’s Jennifer Gibson. The data cohort is only a fraction of those killed by US drones. Neither Reprieve nor the Guardian examined ... the so-called “signature strikes” that attack people based on a pattern of behavior considered suspicious, rather than intelligence tying their targets to terrorist activity. An analytically conservative Council on Foreign Relations tally assesses that 500 drone strikes outside of Iraq and Afghanistan have killed 3,674 people. Like all weapons, drones will inevitably miss their targets. But the secrecy surrounding them obscures how often misses occur and the reasons for them.
Note: For more along these lines, see concise summaries of deeply revealing military corruption news articles from reliable major media sources, including this NPR article that reports on the possibility of future drone strikes taking place within the US.
Solar and Wind Energy Start to Win on Price vs. Conventional Fuels
2014-11-23, New York Times
For the solar and wind industries in the United States, it has been a long-held dream: to produce energy at a cost equal to conventional sources like coal and natural gas. That day appears to be dawning. In some markets renewable generation is now cheaper than coal or natural gas. Utility executives say the trend has accelerated this year, with several companies signing contracts, known as power purchase agreements, for solar or wind at prices below that of natural gas, especially in the Great Plains and Southwest, where wind and sunlight are abundant. Those prices were made possible by generous subsidies that could soon diminish or expire, but recent analyses show that even without those subsidies, alternative energies can often compete with traditional sources. According to a study by the investment banking firm Lazard, the cost of utility-scale solar energy is as low as 5.6 cents a kilowatt-hour, and wind is as low as 1.4 cents. In comparison, natural gas comes at 6.1 cents a kilowatt-hour on the low end and coal at 6.6 cents. Without subsidies, the firm’s analysis shows, solar costs about 7.2 cents a kilowatt-hour at the low end, with wind at 3.7 cents. “It is really quite notable, when compared to where we were just five years ago, to see the decline in the cost of these technologies,” said Jonathan Mir, a managing director at Lazard, which has been comparing the economics of power generation technologies since 2008.
Note: For more along these lines, see concise summaries of energy news articles from reliable major media sources. To learn about new energy technologies, see the excellent, reliable resources provided in our New Energy Information Center.
Media ‘gagged over bid to report MP child sex cases’
2014-11-22, The Guardian (One of the UK's leading newspapers)
The security services are facing questions over the cover-up of a Westminster paedophile ring as it emerged that files relating to official requests for media blackouts in the early 1980s were destroyed. Two newspaper executives have told the Observer that their publications were issued with D-notices – warnings not to publish intelligence that might damage national security – when they sought to report on allegations of a powerful group of men engaging in child sex abuse in 1984. One executive said he had been accosted in his office by 15 uniformed and two non-uniformed police over a dossier on Westminster paedophiles passed to him by the former Labour cabinet minister Barbara Castle. The other said that his newspaper had received a D-notice when a reporter sought to write about a police investigation into Elm Guest House, in southwest London, where a group of high-profile paedophiles was said to have operated. Theresa May, home secretary, this month told the Commons that an official review into whether there had been a cover-up of the Home Office’s handling of child-abuse allegations in the 1980s ... was prompted by the discovery that 114 Home Office files related to child abuse in the 1980s had gone missing. The two journalists, Don Hale, the former editor of the Bury Messenger, and Hilton Tims, news editor of the Surrey Comet between 1980 and 1988, both recall their publications being issued with D-notices around 1984.
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals also reach to the highest levels of government in the US. For more along these lines, see these concise summaries of deeply revealing government corruption and sex abuse scandal news articles from reliable sources.
Ohio Men Wrongly Convicted of Murder After 39 Years Released
2014-11-21, NBC News
Two Ohio men wrongly accused of murder experienced freedom for the first time in nearly four decades on Friday morning, but said they don’t harbor bitterness over their unjust imprisonment. A Cleveland judge on Wednesday had dropped all charges against Ricky Jackson, 57, and Wiley Bridgeman, 60, allowing for the pair’s release. Jackson was 19 when he was convicted along with Bridgeman and Bridgeman’s brother, Ronnie, in the 1975 shooting death and robbery of Harold Franks, a Cleveland-area money order salesman. Testimony from a 12-year-old witness helped point to Jackson as the triggerman and led a jury to convict. The witness, Edward Vernon, now 53, recanted his testimony last year, saying he was coerced by detectives, according to Cuyahoga County court documents. Vernon wrote in a 2013 affidavit that he never saw the murder take place, but he was told by detectives that if he didn’t testify against Jackson, his parents would be arrested. The Ohio Innocence Project, which took up the case, said Jackson had been the longest-held U.S. prisoner to be exonerated. Jackson was originally sentenced to death, but that sentence was vacated because of a paperwork error. The Bridgeman brothers remained on death row until Ohio declared the death penalty unconstitutional in 1978. “One of them came within 20 days of execution before Ohio ruled the death penalty unconstitutional” said Mark Godsey, director of the Ohio Innocence Project.
Note: Watch an inspiring five-minute video of this beautiful man who was originally sentenced to death based largely on the testimony of a 12 year old, who it turns out was coerced by police to blame him. And how many have been wrongly executed that we will never know about? For more along these lines, see concise summaries of deeply revealing civil liberties articles from reliable major media sources.
Disabled Ugandan teenager beams as he overcomes the odds and finds his voice for the very first time
2014-11-21, Daily Mail (One of the UK's leading newspapers)
15-year-old Patrick Otema, from Kampala in Uganda, found his voice for the very first time. Patrick, who was born deaf, was unable to even express himself to his family and, had things not changed, would have been condemned to a life of silence. But thanks to a pioneering new programme, he has finally been taught to communicate using sign language. But Patrick has been lucky. His teacher is Raymond Okkelo who is deaf himself - and who is one of the few Ugandans to use sign language. 'In the past I was also like him,' he explains. 'I couldn’t use sign language, the only thing I could do was hide in fear.' Raymond became deaf as a child after a bout of malaria. Six months ago, he travelled to the Ugandan capital Kampala for intensive training in sign language. Now able to communicate with the outside world, Raymond is determined to change the lives deaf people in sub-Saharan Africa, many of whom have never been taught sign language. Raymond ... has also opened the very first sign language school in the country - which Patrick now attends. But nothing is as heart-warming as the moment that Patrick finally realises he can communicate, with joy spreading across his face as he grasps the significance of what he has learned. Patrick's transformation is nothing short of breathtaking. But Patrick won't be the only deaf child to benefit. Buoyed by the success of his first cohort of students, Raymond hopes to take his school on tour and help many more children on the way.
Note: Don't miss the incredibly moving video of his first words and a great follow-up video about this inspiring story.
Dutch Company Powers Streetlights With Living Plants; Will Your Cell Phone Be Next?
2014-11-21, Yes! Magazine
This month more than 300 LED lights were illuminated by the Dutch company Plant-e in a new energy project called “Starry Sky.” Although the bulbs were ordinary, the electricity running through them derived from a new process that harnesses the power of living plants. “Starry Sky” and a similar project an hour’s drive away, near Plant-e’s Wageningen headquarters, are the two first commercial installations of the company’s emerging technology ... fueled by the byproducts of living plants. Plant-e’s co-founder and CEO, Marjolein Helder, believes that this technology could be revolutionary. For decades, middle schoolers have been engineering clocks made from potatoes, which run on a similar principle. Plant-e’s technology is the first to produce electricity from plants without damaging them. Both projects that lit up the Netherlands this month involved native aquatic plants that were supplied by local greenhouses. The process involves plants growing in modules—two-square-foot plastic containers connected to other modules—where they undergo the process of photosynthesis and convert sunlight, air, and water into sugars. The plants use some of the sugars to grow, but they also discharge a lot of it back into the soil as waste. As the waste breaks down, it releases protons and electrons. Plant-e conducts electricity by placing electrodes into the soil.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Sentence for agender teen’s attacker: missed chance for justice
2014-11-20, San Francisco Chronicle (San Francisco's leading newspaper)
Last Friday, Richard Thomas was sentenced to seven years in prison for lighting the skirt of Sasha Fleischman on fire on an Oakland AC Transit bus. Thomas, who is 17 years old, was tried as an adult for his crime, and many, including Fleischman’s parents, Debbie Crandall and Karl Fleischman, have said the sentence was too harsh. The case represents a clear missed opportunity for a restorative justice solution. Restorative justice provides an effective alternative to the punishment focused model that dominates our criminal justice system. Instead of focusing on what laws have been broken, restorative justice brings the victim and the offender together to determine how to repair harm to the survivor and the community, hold the offender accountable, and reduce future harm. Crandall was supportive of the restorative-justice process, and after Thomas accepted a plea deal, she told KQED: “I wish there had been another way for this to be resolved that did not involve adult court — a place where Richard would really have the chance for rehabilitation.” Juveniles who serve time in adult prisons have significantly higher recidivism rates than those who remain in juvenile facilities. Placing juveniles in community-based centers can help to further decrease recidivism rates. Restorative-justice provider Community Works West’s Restorative Community Conferencing Program illustrates [this]. There is a 15 percent recidivism rate for youth six months after completing Community Works West’s program, compared with 45 percent to 75 percent recidivism rates for youth in and out of the Alameda County Juvenile Justice system.
Note: This teen was sent to prison for seven years despite objections from his victim and his victim's parents. How does that happen? See these excellent, concise summaries of prison corruption news stories from major media sources.
Liberal 2016 poll: Elizabeth Warren beating Clinton by double digits
2014-11-20, CNN News
Massachusetts Sen. Elizabeth Warren -- not Hillary Clinton -- is the top progressive choice for president in 2016, according to a new poll. Forty two percent of respondents favor Warren, and Vermont Independent Senator Bernie Sanders also edges out Clinton with 24% compared to her 23%, according to results from the 2016 Presidential Pulse Poll commissioned by progressive grassroots organization Democracy for America. These results come amid a groundswell of activism from the Democratic party's more liberal wing, which has called for a contested 2016 primary and has often questioned Clinton's financial ties to Wall Street. "Elizabeth Warren won by a large margin because she inspires Democrats by valiantly fighting for populist progressive policies to address income inequality in the face of Wall Street resistance -- and because she regularly engages with the grassroots base of her party," said Charles Chamberlain, the group's executive director, in a release of the poll. He noted, however, that the poll's biggest finding is not that support for Warren among liberal voters is widespread, but that progressives want to make sure that the Democratic nomination process is a "contest, not a coronation." Warren repeatedly told CNN's Gloria Borger in an interview that she has no intention of running for president.
Note: Watch a great video of Warren at the link above. For more along these lines, see concise summaries of deeply revealing election process news articles from reliable major media sources.
Doctor Transparency: Why Leana Wen Received Threats After Launching
2014-11-19, International Business Times
Leana Wen created the “Who’s My Doctor” campaign last year. The effort ... goes a step further than the federal government’s mandate requiring physicians to disclose all money they receive from drug companies. Last month, the Centers for Medicare & Medicaid Services released data that outlined the $3.5 billion that companies paid to the nation’s doctors. The Open Payments database ... was heavily opposed by physician groups and pharmaceutical companies. “Incentives matter,” said Wen in a recent TED talk, “If you go to your doctor because of back pain, you might want to know he’s getting paid $5,000 to perform spine surgery versus $25 to refer you to see a physical therapist.” As part of the “Who’s My Doctor” effort, each physician voluntarily publishes a “Total Transparency Manifesto,” which ... flows into a searchable database that prospective patients can use. One year after starting the project, only 34 “transparent doctors” are listed on the website. There are many more who were less than pleased. “I thought some doctors would sign on and others wouldn’t, but I had no idea of the backlash that would ensue,” she said in her TED talk. The criticism quickly went beyond online comments. Soon, people were asking Wen’s employer to fire her, and sending mail to her home address with threats.
Note: Don't miss the inspiring TED talk of Dr. Wen. And check out her website "Who's My Doctor" at http://www.whosmydoctor.com.
Westminster child abuse claims: what do we know?
2014-11-19, The Guardian (One of the UK's leading newspapers)
Police are investigating possible murders linked to Elm Guest House in south-west London after claims of a cover-up. A number of allegations have been made. So far the only politician to have been implicated is the Liberal MP Cyril Smith, who died in 2010, but other unnamed politicians were also alleged to have been involved in a Westminster paedophile ring. Smith is alleged to have abused boys at Knowl View residential school in Rochdale and at Elm Guest House, in Barnes in south-west London, in the 1970s and 80s. Greater Manchester police are investigating allegations of abuse by Smith at Knowl View, where Smith was a governor. Other MPs were said to have attended the Elm Guest House. After claims made by the Labour MP Tom Watson in 2012, the Metropolitan police launched Operation Fairbank into child abuse at the guesthouse. Watson said there was “clear intelligence suggesting a powerful paedophile network linked to parliament and No 10”. A dossier of evidence of an alleged paedophile ring, involving several MPs, including Smith, and other public figures, was handed to the Home Office in 1983, by the Conservative MP Geoffrey Dickens, who died in 1995. The 40-page dossier has since been destroyed or lost, according to a Home Office review. At least three MPs were reported to have been questioned in 1982 after a police raid on the guesthouse. It was reported at the time that it was being used as a brothel where children as young as 10 were abused. Two children living in the house were taken into care.
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals also reach to the highest levels of government in the US. And read an abundance of major media news articles showing rampant child sexual abuse at high levels in many prominent organizations.
The Fed Needs Governors Who Aren’t Wall Street Insiders
2014-11-19, Wall Street Journal
The Federal Reserve's Board of Governors and the New York Fed have been responsible for supervising Wall Street banks. After the 2008 crisis and the regulatory lapses it revealed, Congress gave the Fed even more oversight authority. Two recent reports highlight that the Fed isn’t very good at supervising certain banks. In September, Carmen Segarra, a former bank examiner at the Federal Reserve Bank of New York, released secret recordings she had made of meetings at the New York Fed in 2012. The recordings revealed that New York Fed employees had identified concerns with a proposed Goldman Sachs deal. The New York Fed didn’t attempt to make Goldman address these concerns. The recordings also showed Ms. Segarra’s superiors pressuring her to soften her finding that Goldman did not comply with federal regulations on conflicts of interest. An October report from the Fed’s Office of Inspector General provided additional confirmation that the Fed is failing to oversee the big banks. The report found that the New York Fed had failed to examine J.P. Morgan Chase’s Chief Investment Office despite a recommendation to do so in 2009. The report concluded that the New York Fed needed to improve its supervision of the biggest, most complex banks. We’re all counting on the Fed to monitor the big banks and stop them from taking on too much risk, but evidence is mounting that this faith in the Fed is misplaced.
Note: If the above link fails, click here.
For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in government and banking and finance. For additional information, see the excellent, reliable resources provided in our Banking Corruption Information Center.
New Scrutiny of Goldman’s Ties to the New York Fed After a Leak
2014-11-19, New York Times
From his desk in Lower Manhattan, a banker at Goldman Sachs thumbed through confidential documents — courtesy of a source inside the United States government. The banker came to Goldman through the so-called revolving door ... that connects financial regulators to Wall Street. He joined in July after spending seven years as a regulator at the Federal Reserve Bank of New York, the government’s front line in overseeing the financial industry. He received the confidential information, lawyers briefed on the matter suspect, from a former colleague who was still working at the New York Fed. The previously unreported leak, recounted in interviews with the lawyers briefed on the matter who spoke anonymously ... illustrates the blurred lines between Wall Street and the government. When Goldman hired the former New York Fed regulator, who is 29, it assigned him to advise the same type of banks that he once policed. And the banker obtained confidential information [that] provided Goldman a window into the New York Fed’s private insights. The emergence of the leak comes as questions mount about a perceived coziness between the New York Fed and Wall Street banks — Goldman in particular. Revelations from a former New York Fed employee, Carmen Segarra, recently stoked that debate. Ms. Segarra released taped conversations suggesting that her supervisors went soft on Goldman. The new accounts of a regulator and a banker actually sharing confidential documents — violating a cardinal rule of the regulatory world — suggest that ... Goldman, perhaps more than any other Wall Street bank, appears to be entwined with the New York Fed.
Note: For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in government and banking and finance. For additional information, see the excellent, reliable resources provided in our Banking Corruption Information Center.
Organised child sex abuse 'widespread in England', MPs say
2014-11-18, BBC News
Organised child sex abuse is widespread in England, a report by MPs on the Rotherham exploitation scandal says. Their report said: "On the evidence we took, the alarming conclusion is that Rotherham was not an outlier and that there is a widespread problem of organised child sexual exploitation in England." The MPs inquiry was prompted by a report by Prof Alexis Jay, which revealed up to 1,400 children were estimated to have been victims of abuse in Rotherham between 1997 and 2013. Ofsted, which carried out a series of inspections during the period, said it had introduced a "more rigorous inspection framework". The parliamentary committee called for an investigation into missing files at the council and said council officials "should be held accountable for their actions." In a statement, Ofsted said it welcomed "the opportunity to give evidence to the committee. In common with a number of organisations, we accept that past inspections may not have given child sexual exploitation the forensic focus it needed and deserved," it said.
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. And read an abundance of major media news articles showing rampant child sexual abuse at high levels in many prominent organizations.
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