Bookmark and Share
Media Articles
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. Links are provided to the full articles on their media websites. If any link fails to function, click here. These media articles are listed in reverse date order. For the same list by order of importance, click here. For the list by date posted, click here. For a list with headlines and links only to key media articles, click here. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.



Note: For an index to revealing excerpts of media articles on several dozen engaging topics, click here.

Four Kaupthing bankers sentenced to prison for market abuses in 2008
2013-12-12, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/business/2013/dec/12/kaupthing-bankers-prison-mark...

An Icelandic court has sentenced four former Kaupthing bankers to jail for market abuses related to a large stake taken in the bank by a Qatari sheikh just before it went under in late 2008. Weeks before the country's top three banks collapsed under huge debts as the global credit crunch struck, Kaupthing announced that Sheikh Mohammed bin Khalifa bin Hamad Al Thani had bought 5 of its shares in a confidence-boosting move. A parliamentary commission later said the shares had been bought with a loan from Kaupthing itself. A Reykjavik district court sentenced Hreidar Mar Sigurdsson, Kaupthing's former chief executive, to five and a half years in prison while former chairman Sigurdur Einarsson received a five-year sentence. Magnus Gudmundsson, former chief executive of Kaupthing Luxembourg, was given a three-year sentence and Olafur Olafsson – the bank's second largest shareholder at the time – received three and a half years. None of the bankers, now based in London and Luxembourg, were present [at the sentencing].

Note: Yet not a single executive of US or multinational banks has been jailed for funneling billions of dollars into their own pockets and crashing the entire global economy. For more on this, click here. For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.




Archbishop admits 'spectacular bungling' of child abuse case
2013-12-11, Sydney Morning Herald (One of Australia's leading newspapers)
http://www.smh.com.au/national/archbishop-admits-spectacular-bungling-of-chil...

The Catholic Archbishop of Brisbane [Australia] has admitted to “spectacular bungling” and “drastic failure” in dealing with a child sex abuse victim and flagged his willingness to revisit cases where victims’ needs have not been met. Archbishop Mark Coleridge said it was wrong that insurers and lawyers had determined how much victims were paid out. His archdiocese had $52 million from which he was prepared to draw for victim payouts. ‘‘In the end, I [as archbishop] decide whether a sum conforms to the criteria of justice and compassion’’. In the strongest statements yet by a senior Australian Catholic Church official about the church’s mishandling of sex abuse claims, Archbishop Coleridge said a “tsunami” of child sexual abuse allegations had caught bishops and other officials “like rabbits in a headlight”. The failures of the Towards Healing protocol, in use since 1997, meant other ways of dealing with victim complaints needed to be explored “if we are serious about coming to the aid of victims”, the archbishop told the Royal Commission into Institutional Responses to Child Sexual Abuse. He said powerful cultural factors had converged to create a “perfect storm” around child sex abuse in the church. One factor was the “absurd” lack of training in the past for would-be priests about human and sexual relationships: “We have reaped the harvest of horror of that”. The Brisbane archdiocese has had 99 cases of child sex abuse and nine current matters, with $2.5 million in payments made to victims.

Note: For more on sexual abuse scandals involving respected institutions, see the deeply revealing reports from reliable major media sources available here.




Lord Patten warns Tory MP over Savile scandal evidence
2013-12-11, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/uknews/crime/jimmy-savile/10509720/Lord-Patte...

Lord Patten, the chairman of the BBC Trust, has warned a Conservative MP that he risks legal action if he publishes evidence calling into question the corporation's handling of the Jimmy Savile scandal. Robert Wilson, Tory MP for Reading East, has obtained an audio recording in which the author of an independent inquiry into the scandal at the BBC reportedly undermines his own findings. [Wilson] is planning to publish the audio recording today but Lord Patten has written to him warning that he should be "weighing up the legal liabilities that might arise". Nick Pollard, the former head of Sky News, last year [led] an independent inquiry into the BBC's decision to drop a Newsnight investigation into allegations of sex abuse by Savile. Mr Pollard's final report found that while the decision was "flawed", it was not driven by a desire to avoid a clash with tribute programmes. However, it did not include testimony from Helen Boaden, the BBC's former Head of News. She alleged that Mark Thompson, the corporation's former director-general, was aware of the content of the Newsnight investigation. Despite her testimony Mr Pollard's inquiry found that there was "no evidence to doubt" Mr Thompson's version of events. In the audio recording obtained by Mr Wilson, Mr Pollard reportedly privately admits that he was wrong to overlook Miss Boaden's evidence. The report disclosed that BBC executives were warned that Jimmy Savile had a “darker side” but pressed on regardless with tribute programmes to the child abuser.

Note: The evidence was released in full. To read or listen to the tape, click here. For more on sexual abuse scandals involving respected institutions, see the deeply revealing reports from reliable major media sources available here.




Former whistleblowers: open letter to intelligence employees after Snowden
2013-12-11, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/commentisfree/2013/dec/11/whistleblowers-open-lett...

At least since the aftermath of September 2001, western governments and intelligence agencies have been hard at work expanding the scope of their own power, while eroding privacy, civil liberties and public control of policy. What used to be viewed as paranoid, Orwellian, tin-foil hat fantasies [turn] out post-Snowden, to be not even the whole story. We've been warned for years that these things were going on: wholesale surveillance of entire populations, militarization of the internet, the end of privacy. Secret laws, secret interpretations of secret laws by secret courts and no effective parliamentary oversight whatsoever. By and large the media have paid scant attention to this, even as more and more courageous, principled whistleblowers stepped forward. The unprecedented persecution of truth-tellers, initiated by the Bush administration and severely accelerated by the Obama administration, has been mostly ignored, while record numbers of well-meaning people are charged with serious felonies simply for letting their fellow citizens know what's going on. Numerous ex-NSA officials have come forward in the past decade, disclosing massive fraud, vast illegalities and abuse of power in [that] agency, including Thomas Drake, William Binney and Kirk Wiebe. The response was 100% persecution and 0% accountability by both the NSA and the rest of government. Since the summer of 2013, the public has witnessed a shift in debate over these matters. The reason is that one courageous person: Edward Snowden.

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




Trans-Pacific Partnership: a guide to the most contentious issues
2013-12-10, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/world/2013/dec/10/trans-pacific-partnership-a-guid...

The Trans-Pacific Partnership (TPP) free trade agreement is being negotiated in Singapore this week between Australia, New Zealand, the US, Peru, Chile, Mexico, Canada, Singapore, Brunei, Malaysia, Vietnam and Japan. The countries have a combined gross domestic product (GDP) of US$28,136bn on 2012 figures, which represents almost 40% of the world’s GDP. There have been many contentious issues around the TPP: critics are particularly concerned about the secrecy around the agreement given it has the capacity to change many local laws and regulations. The majority of public criticism has centred on arguments relating to intellectual property and the cost of medicines, though many have concerns about environmental issues including climate change, investment, e-commerce and labour laws. The US has been rigid in its demands for stronger intellectual property protection to champion the rights of its global giants such as IT companies and its film and music industries. The US position on [the] investor-state dispute settlement provision ... grants foreign companies the right to sue [a] government under international law. All countries accepted there needed to be agreement on privacy obligations with regard to information-sharing, apart from the US, which reserved its position on privacy. The US position has left people wondering whether the TPP will undermine privacy, particularly in the wake of the NSA revelations from the Snowden documents. There appear to be deep divisions on environment and climate change, with the US and Australia opposing any extension of the text on climate matters.

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




What Would You Do? Interracial Couple Faces Criticism
2013-12-10, ABC News
http://abcnews.go.com/WhatWouldYouDo/video/interracial-couple-faces-criticism...

It was a simple idea, an interracial couple ridiculed at a barber shop ... in the heart of Harlem. It resonated throughout the internet with millions of hits and comments like, "there may be hope for us yet" and "everyone should watch this!" Rachel is an actor playing a hairdresser who has her eye on a new customer. Gabriel [also an actor] has a girlfriend and when she shows up, it's a rude awakening for Rachel. "Wait, what? You're with a white girl?" If you saw this woman berating an interracial couple, what would you do? [Unsuspecting customer] Denise is so upset there is nothing holding her back. "She's ignorant. I'm letting you know, black girl to another black girl. You sound stupid. As much criticism we went through as a people you're going to do it to the next person. Who gives you that right?" But nothing prepared us for this last woman. Marcia, an HR executive and diversity trainer cannot believe what she's hearing. She tries to get to the bottom of Rachel's intolerance. "Where is your caring and loving heart. If she was laying in the street bleeding would you help her? Let's try to rise together. She wants Rachel to apologize. "Yes, you should, while it's still on your spirit so you can sleep better tonight. Come on. Go up to her. ... That's what works for us. HUGS, Helping Us Grow Spiritually." Why did [Marcia] get involved? "Sometimes you have to step up so that you don't fall back. It hurt me because that's not what I'm about." So many people stepped forward against hatred and bigotry, a sermon at the barber shop now ringing through the streets of harlem and beyond.

Note: Don't miss the great video of this awesomely inspiring episode of "What Would You Do?" which restores hope in human nature. You can find it at the link above. For a treasure trove of great news articles which will inspire you to make a difference, click here.




Irish Catholic Watchdog Issues Child Abuse Report
2013-12-10, ABC News/Associated Press
http://abcnews.go.com/International/wireStory/irish-catholic-watchdog-issues-...

Only 12 of the hundreds of staff members accused of child abuse in Ireland's Christian Brothers order since the mid-1970s have been convicted, the watchdog of the country's Catholic Church said [on December 10]. The report from the National Board for Safeguarding Children in the Catholic Church looked into how the Christian Brothers, a Catholic order set up to run schools, handled abuse allegations. It said although abuse claims were made against 325 of the order's officials since 1975, only a dozen were convicted of crimes. It was the latest setback for the Christian Brothers, whose history of running schools for boys across Ireland dates back to the early 1800s. The order's reputation has been damaged in recent years by the revelation of widespread child abuse in Irish Catholic institutions. Cardinal Sean Brady, the leader of Ireland's 4 million Catholics who himself was widely criticized for being implicated in covering up the abuse of children, said he is "truly sorry". The report was released along with a series of others on dioceses around Ireland. In the Armagh Archdiocese, run by Brady, the watchdog reported that there was a lack of records on allegations made before 1995. It said the situation has improved since then and praised Brady for the improved safeguarding of children.

Note: For more on sexual abuse scandals involving respected institutions, see the deeply revealing reports from reliable major media sources available here.




Meditation Has the Power to Influence Your Genes
2013-12-09, Psychology Today
http://www.psychologytoday.com/blog/the-athletes-way/201312/meditation-has-th...

In a groundbreaking discovery, a collaborative team of researchers from Wisconsin, Spain, and France reported in December 2013 the first evidence of specific molecular changes at a genetic level following a period of mindfulness meditation. "To the best of our knowledge, this is the first paper that shows rapid alterations in gene expression within subjects associated with mindfulness meditation practice," says study author Richard J. Davidson, founder of the Center for Investigating Healthy Minds. The study compared the effects of a single day of intensive mindfulness practice between a group of experienced meditators and a group of untrained control subjects who engaged in quiet non-meditative activities. After an intensive day of mindfulness practice, the meditators showed a dramatic range of genetic and molecular differences. Meditation was found to alter levels of gene-regulating machinery and reduced levels of pro-inflammatory genes, which in turn correlated with faster physical recovery from a stressful situation. "Most interestingly, the changes were observed in genes that are the current targets of anti-inflammatory and analgesic drugs," says Perla Kaliman, first author of the article and a researcher at the Institute of Biomedical Research of Barcelona in Spain, where the molecular analyses were conducted. In past studies, mindfulness-based training has been shown to have beneficial effects on inflammatory disorders. Meditation is endorsed by the American Heart Association as an effective way to lower [the] risk for heart disease. Another study from April 2011 found that meditation produces powerful pain-relieving effects in the brain.

Note: For an excellent and inspiring book on how your thinking and feeling can change your genes, check out Bruce Lipton's Biology of Belief, available here. For a treasure trove of great news articles which will inspire you to make a difference, click here.




9/11 Link To Saudi Arabia Is Topic Of 28 Redacted Pages In Government Report; Congressmen Push For Release
2013-12-09, International Business Times
http://www.ibtimes.com/911-link-saudi-arabia-topic-28-redacted-pages-governme...

[Since] Sept. 11, 2001, victims’ loved ones, injured survivors, and members of the media have all tried without much success to discover the true nature of the relationship between the 19 hijackers – 15 of them Saudi nationals – and the Saudi Arabian government. Many news organizations reported that some of the terrorists were linked to the Saudi royals and that they even may have received financial support from them as well as from several mysterious, moneyed Saudi men living in San Diego. Saudi Arabia has repeatedly denied any connection. But earlier this year, Reps. Walter B. Jones, R-N.C., and Stephen Lynch, D-Mass., were given access to the 28 redacted pages of the [Joint Inquiry into Intelligence Community Activities before and after the Terrorist Attacks of September 11, 2001] issued in late 2002, which have been thought to hold some answers about the Saudi connection to the attack. Last week, Jones and Lynch introduced a resolution that urges President Obama to declassify the 28 pages, which were originally classified by President George W. Bush. It has never been fully explained why the pages were blacked out, but President Bush stated in 2003 that releasing the pages would violate national security. Some of the information has leaked out over the years ... that the 28 pages in fact clearly portray that the Saudi government had at the very least an indirect role in supporting the terrorists responsible for the 9/11 attack. In addition, these classified pages clarify somewhat the links between the hijackers and at least one Saudi government worker living in San Diego.

Note: For more on the government cover-up of the truth behind 9/11, see the deeply revealing reports from reliable major media sources available here.




Obama First President to Mention ‘Area 51'
2013-12-09, ABC News blog
http://abcnews.go.com/blogs/politics/2013/12/obama-first-president-to-mention...

In an affair usually noted for its glitz and glamour, President Obama made news at the 2013 Kennedy Center Honors as the first president to utter the words “Area 51.” A beloved subject of conspiracy theorists and UFO enthusiasts, the government testing site, officially known as the Nevada Test and Training Range, and Groom Lake, came up during Sunday night’s gala when the president was honoring actress Shirley MacLaine. “Now, when you first become president, one of the questions that people ask you is, what’s really going on in Area 51?” Obama said to the audience. “When I wanted to know, I’d call Shirley MacLaine. … I think I just became the first president to ever publicly mention Area 51.” Area 51 was only officially acknowledged this past August in declassified CIA documents that were released following a Freedom of Information Act request submitted [to] the National Security Archive. [The] documents revealed that Area 51 was merely a testing site for government aerial surveillance programs such as U-2 and Oxcart. The Academy award-winning actress has been plenty vocal in the past about her beliefs in alien encounters. MacLaine has talked about her personal alien encounters in her 2007 book Sage-ing While Age-ing and during a 2011 interview on Oprah in which she shared stories of witnessing UFOs from her New Mexico home. “I’ve seen a mother ship here, and I’ve seen them at my ranch,” MacLaine said. “One famous day, a friend of mine was sitting in my hot tub out there, and three UFOs came over and hovered over the hot tub for about 10 minutes.”

Note: For a report with more info on CBS news, click here. For a highly intriguing video related to Area 51 featuring David Adair, click here. For more on UFOs, see our deeply revealing UFO Information Center available here.




Feds: 18 LA sheriff's deputies face charges
2013-12-09, CBS News/Associated Press
http://www.cbsnews.com/news/18-la-sheriffs-deputies-face-us-charges/

Federal officials on [December 9] unsealed five criminal cases filed against 18 current and former Los Angeles County sheriff's deputies as part of an FBI investigation into allegations of civil rights abuses and corruption in the nation's largest jail system. Four grand jury indictments and a criminal complaint allege unjustified beatings of jail inmates and visitors at downtown Los Angeles jail facilities, unjustified detentions and a conspiracy to obstruct a federal investigation into misconduct at the Men's Central Jail. The FBI has been investigating allegations of excessive force and other misconduct at the county's jails since at least 2011. [An] official said the arrests were related to the abuse of individuals in the jail system and also allegations that sheriff's officials moved an FBI informant in the jails possibly to thwart their probe. Among those charged with conspiracy and obstruction of justice in the 18-page indictment are two lieutenants, one of whom oversaw the department's safe jails program and another who investigated allegations of local crimes committed by sheriff's personnel, two sergeants and three deputies. All seven are accused of trying to prevent the FBI from contacting or interviewing an inmate who was helping federal agents in a corruption and civil rights probe. In an attempt to find out more information about the investigation, one lieutenant and the two sergeants sought a court order to compel the FBI to provide documents, prosecutors said. When a state judge denied the proposed order, the two sergeants allegedly attempted to intimidate one of the lead FBI agents outside her house and falsely told her they were going to seek a warrant for her arrest, the indictment said.

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




New Yorker, Washington Post Passed On Seymour Hersh Syria Report
2013-12-08, Huffington Post
http://www.huffingtonpost.com/2013/12/08/seymour-hersh-syria-report_n_4409674...

Pulitzer Prize-winning journalist Seymour Hersh accused the Obama administration ... of having “cherry-picked intelligence” regarding the Aug. 21 chemical attack in Syria that served as evidence for an argument in favor of striking President Bashar Assad's government. Though President Barack Obama eventually decided not to strike Syria, the administration made a public case for war by saying that Assad’s regime was responsible for a poison gas attack in the outskirts of Damascus. The U.N. later concluded the attack had involved the nerve agent sarin. In his piece -- titled "Whose Sarin?" -- Hersh reported that al-Nusra, a jihadi group fighting in Syria’s long-running civil war, had also "mastered the mechanics of creating sarin and was capable of manufacturing it in quantity.” Therefore, he wrote, “Obama did not tell the whole story” when stating with certainty that Assad had to be responsible, crossing a so-called "red line" that would trigger U.S. retaliation. Hersh is a freelancer, but he's best known these days for his work in The New Yorker, where he helped break the Abu Ghraib scandal in 2004. In an email, Hersh wrote that “there was little interest” for the story at The New Yorker. Hersh then took the story to The Washington Post. Hersh wrote that he was told by email that Executive Editor Marty Baron decided “that the sourcing in the article did not meet the Post's standards.” Hersh [then] sent the Syria story to editors at the London Review of Books, LRB Senior Editor Christian Lorentzen [said]. Lorentzen said the piece was not only edited, but thoroughly fact checked by a former New Yorker fact checker who had worked with Hersh in the past.

Note: For more on government lies to provide pretexts for war, see the deeply revealing reports from reliable major media sources available here.




Law enforcement using methods from NSA playbook
2013-12-08, USA Today
http://www.usatoday.com/story/news/nation/2013/12/08/cellphone-data-spying-ns...

The National Security Agency isn't the only government entity secretly collecting data from people's cellphones. Local police are increasingly scooping it up, too. Armed with new technologies, including mobile devices that tap into cellphone data in real time, dozens of local and state police agencies are capturing information about thousands of cellphone users at a time, whether they are targets of an investigation or not. The records, from more than 125 police agencies in 33 states, reveal [that] about one in four law-enforcement agencies have used a tactic known as a "tower dump," which gives police data about the identity, activity and location of any phone that connects to the targeted cellphone towers over a set span of time, usually an hour or two. A typical dump covers multiple towers, and wireless providers, and can net information from thousands of phones. At least 25 police departments own a Stingray, a suitcase-size device that costs as much as $400,000 and acts as a fake cell tower. The system, typically installed in a vehicle so it can be moved into any neighborhood, tricks all nearby phones into connecting to it and feeding data to police. In some states, the devices are available to any local police department via state surveillance units. Organizations such as the American Civil Liberties Union and Electronic Privacy Information Center say the swelling ability by even small-town police departments to easily and quickly obtain large amounts of cellphone data raises questions about the erosion of people's privacy as well as their Fourth Amendment protections against unreasonable search and seizure.

Note: For more on massive government intrusions of citizens' privacy, see the deeply revealing reports from reliable major media sources available here.




Smelling a rat: GM maize, health and the Séralini affair
2013-12-07, The Economist
http://www.economist.com/news/science-and-technology/21591159-study-suggested...

Genetically modified maize causes cancer: that was the gist of one of the most controversial studies in recent memory, published in September 2012 by Food and Chemical Toxicology. [But] on November 28th the journal retracted it. The article was by Gilles-Eric Séralini of the University of Caen, in France, and his colleagues. It described what happened to rats fed with NK603 maize, a variety made resistant to a herbicide called glyphosate by a genetic modification made by Monsanto. Monsanto also discovered glyphosate’s herbicidal properties. It sells it under the trade name “Roundup”. In Dr Séralini’s experiment, rats fed with the modified maize were reckoned more likely to develop tumours than those which had not been. Females were especially badly affected: their death rates were two or three times as high as those of control groups. The article was explosive. Jean-Marc Ayrault, France’s prime minister, said that if its results were confirmed his government would press for a Europe-wide ban on NK603 maize. Russia suspended imports of the crop. Kenya banned all GM crops. Though the paper has been retracted, that is unlikely to be end of the matter. The journal’s publisher said there was “no evidence of fraud or intentional misrepresentation of the data”, which are the usual justifications for retraction. Scientific opinion runs strongly against the conclusion that GM foods are harmful—but not universally so. A group called the European Network of Scientists for Social and Environmental Responsibility backed Dr Séralini.

Note: Over 100 scientists have signed a pledge to boycott Elsevier, the publisher of the journal which retracted the GMO study, as you can see at this link. For an excellent video review of the study, click here. For more on the health risks of GMO foods, see the deeply revealing report available here.




Pope Setting Up Commission on the Sexual Abuse of Children by Priests
2013-12-06, New York Times
http://www.nytimes.com/2013/12/06/world/europe/pope-setting-up-commission-on-...

In his first concrete step to address the clerical sexual-abuse problem in the Roman Catholic Church, Pope Francis will establish a commission to advise him on protecting children from pedophile priests and on how to counsel victims, the Vatican said. The announcement was a forthright acknowledgment by the Vatican of the enduring problem of abusive priests, and fit with Francis’ pattern of willingness to set a new tone in the governance of the church nine months into his tenure. Whether the new commission portends a significant change in how the Vatican deals with abusive priests and their protectors remains to be seen, experts on the church said. Yet the timing of the announcement, two days after a United Nations panel criticized the Vatican over its handling of abuse cases, suggested that the pope and his closest advisers wanted to at least be seen as tackling the issue with greater firmness. Soon after he became pope, Francis directed the Vatican last April to act decisively on abuse cases and punish pedophile priests, in a meeting with subordinates at the Congregation for the Doctrine of the Faith, the church’s enforcement arm. The announcement elicited a mixed reaction, reflecting some skepticism, particularly among victims and their advocates, over whether a new commission would be more than cosmetic. The commission will have a broad mandate including the development of “norms, procedures and strategies for the protection of children and the prevention of abuse of minors,” the Vatican said in a statement.

Note: For more on sexual abuse scandals, see the deeply revealing reports from reliable major media sources available here.




Poverty wages in the land of plenty
2013-12-05, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/commentisfree/2013/dec/05/campaign-to-raise-minimu...

The holiday season is upon us. Sadly, the big retailers are Scrooges when it comes to paying their workers. Undergirding the sale prices is an army of workers earning the minimum wage or a fraction above it, living check to check on their meager pay and benefits. The dark secret that the retail giants like Walmart don't want you to know is that many of these workers subsist below the poverty line, and rely on programs like food stamps and Medicaid just to get by. This holiday season, though, low-wage workers from Walmart to fast-food restaurants are standing up and fighting back. Wal-Mart is the world's largest retailer, with 2.2 million employees, 1.3 million of whom are in the US. It reported close to $120bn in gross profit for 2012. Just six members of the Walton family, whose patriarch, Sam Walton, founded the retail giant, have amassed an estimated combined fortune of between $115bn to $144bn. These six individuals have more wealth than the combined financial assets of the poorest 40% of the US population. Walmart workers have been organizing under the banner of OUR Walmart, a worker initiative supported by the United Food and Commercial Workers union. Workers have taken courageous stands, protesting their employer and engaging in short-term strikes. Walmart has retaliated, firing many who participated. Parallel to the Walmart campaign is a drive for higher wages in the fast-food industry. In more than 100 cities, workers are organizing protests and strikes ... and winning.

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




EU fines banks record $2.3B over Libor
2013-12-04, CNN
http://money.cnn.com/2013/12/04/news/companies/libor-europe-fines

The European Union has levied a record antitrust fine of €1.71 billion ($2.3 billion) on six European and U.S. banks and brokers for rigging benchmark interest rates. Deutsche Bank was hit with the single biggest penalty of €725.4 million for participating in illegal cartels to manipulate the Euro Interbank Offered Rate, or Euribor, and London interbank offered rate, or Libor. "What is shocking about the Libor and Euribor scandals is ... the collusion between banks who are supposed to be competing with each other," said Joaquin Almunia, Europe's top antitrust official. Other banks fined [were] Societe Generale (€446 million), Royal Bank of Scotland (€391 million), JP Morgan (€79.9 million) and Citigroup (€70 million). U.K.-based broker RP Martin was fined €247,000 for facilitating one infringement. EU investigators said the Euribor cartel operated for nearly three years between 2005 and 2008, as traders discussed submissions used to calculate the benchmark rate, and compared trading and pricing strategies. They also discovered illegal collusion in the setting of Libor in Japanese yen between 2007 and 2010. UBS and Barclays, [which] have already been fined by regulators in the U.K. and U.S. for Libor rigging, were spared further punishment because they cooperated with the European Commission investigation. They dodged new fines of €2.5 billion and €690 million respectively. The scandal broke in the middle of 2012 when Barclays admitted trying to manipulate Libor, which together with related rates is used to price trillions of dollars of financial products around the world.

Note: Notice that no one is going to jail and no one is being personally fined for these incredibly outrageous manipulations. For an analysis that argues the "record fines" are really just a "slap on the wrist" for the big banks, click here. For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.




ALEC calls for penalties on 'freerider' homeowners in assault on clean energy
2013-12-04, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/world/2013/dec/04/alec-freerider-homeowners-assaul...

An alliance of corporations and conservative activists is mobilising to penalise homeowners who install their own solar panels – casting them as "freeriders" – in a sweeping new offensive against renewable energy. Over the coming year, the American Legislative Exchange Council (ALEC) will promote legislation with goals ranging from penalising individual homeowners and weakening state clean energy regulations, to blocking the Environmental Protection Agency, [the government's] main channel for climate action. Details of ALEC's strategy to block clean energy development at every stage – from the individual rooftop to the White House – are revealed as the group gathers for its policy summit in Washington this week. About 800 state legislators and business leaders are due to attend the three-day event, which begins ... with appearances by the Wisconsin senator Ron Johnson and the Republican budget guru and fellow Wisconsinite Paul Ryan. Other ALEC speakers will be a leading figure behind the recent government shutdown, US senator Ted Cruz of Texas, and the governors of Indiana and Wyoming. For 2014, ALEC plans to promote a suite of model bills and resolutions aimed at blocking Barack Obama from cutting greenhouse gas emissions, and state governments from promoting the expansion of wind and solar power through regulations known as Renewable Portfolio Standards. ALEC [wants] to lower the rate electricity companies pay homeowners for direct power generation – and maybe even charge homeowners for feeding power into the grid.

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




As Hospital Prices Soar, a Stitch Tops $500
2013-12-03, New York Times
http://www.nytimes.com/2013/12/03/health/as-hospital-costs-soar-single-stitch...

In a medical system notorious for opaque finances and inflated bills, nothing is more convoluted than hospital pricing, economists say. Hospital charges represent about a third of the $2.7 trillion annual United States health care bill, the biggest single segment, according to government statistics, and are the largest driver of medical inflation, a new study in The Journal of the American Medical Association found. A day spent as an inpatient at an American hospital costs on average more than $4,000, five times the charge in many other developed countries, according to the International Federation of Health Plans, a global network of health insurance industries. The most expensive hospitals charge more than $12,500 a day. And at many of them ... emergency rooms are profit centers. That is why one of the simplest and oldest medical procedures — closing a wound with a needle and thread — typically leads to bills of at least $1,500 and often much more. At Lenox Hill Hospital in New York City, Daniel Diaz, 29, a public relations executive, was billed $3,355.96 for five stitches on his finger after cutting himself while peeling an avocado. At a hospital in Jacksonville, Fla., Arch Roberts Jr., 56, a former government employee, was charged more than $2,000 for three stitches after being bitten by a dog. Insurers and patients negotiated lower prices, but those charges were a starting point. The main reason for high hospital costs in the United States, economists say, is fiscal, not medical: Hospitals are the most powerful players in a health care system that has little or no price regulation in the private market.

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




Allocating Liability for Child Pornography, in Full or Fractional Shares
2013-12-03, New York Times
http://www.nytimes.com/2013/12/03/us/evaluating-the-liability-of-viewers-of-c...

The notices arrive almost every day. They tell a young woman named Amy, as she is called in court papers, that someone has been charged with possessing child pornography. She was the child. “It is hard to describe what it feels like to know that at any moment, anywhere, someone is looking at pictures of me as a little girl being abused by my uncle and is getting some kind of sick enjoyment from it,” Amy, then 19, wrote in a 2008 victim impact statement. “It’s like I am being abused over and over and over again.” Next month, the Supreme Court will consider what the men who took pleasure from viewing Amy’s abuse must pay her. Images of Amy being sexually assaulted by her uncle are among the most widely viewed child pornography in the world. They have figured in some 3,200 criminal cases since 1998. Amy is notified through a Justice Department program that tells crime victims about developments in criminal cases involving them. She has the notifications sent to her lawyer. There have been about 1,800 so far. Her lawyer often files a request for restitution, as a 1994 law allows her to do. Every viewing of child pornography, Congress found, “represents a renewed violation of the privacy of the victims and repetition of their abuse.” Amy’s losses are in most ways beyond measure, but some of them can be calculated in dollars. She has found it hard to hold down a job. She needs a lifetime of therapy. She has legal bills. Her lawyers say it adds up to about $3.4 million. The question for the justices is how to allocate that sum among the participants in the sordid marketplace for pictures of her.

Note: For more on sexual abuse scandals, see the deeply revealing reports from reliable major media sources available here.





 

As of Apr. 20, 2014, we're $4,700 in the red. Kindly click here to support this important work.

Subscribe to our free email list for two information-packed emails per week at this link.



WantToKnow.info is a PEERS empowerment website