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Wall Street's 'Disaster Capitalism for Dummies'
2008-10-21, MarketWatch.com (owned by Dow Jones)
http://www.marketwatch.com/news/story/14-reasons-main-street-loses/story.aspx...

Sorry to pop your bubble folks, but it no longer matters who's president. Why? The real "game changer" already happened. Democracy has been replaced by Wall Street's new "disaster capitalism." That's the big game-changer historians will remember about 2008, masterminded by Wall Street's ultimate "Trojan Horse," Hank Paulson. Congress simply handed over voting power and the keys to trillions in the Treasury to Wall Street's new "Disaster Capitalists" who now control "democracy." We let it happen. In one generation America has been transformed from a democracy into a strange new form of government, "Disaster Capitalism." Three decades of influence peddling in Washington ... accelerated under Reaganomics and went into hyperspeed under Bushonomics, both totally committed to a new disaster capitalism run privately by Wall Street and Corporate America. No-bid contracts in wars and hurricanes. A housing-credit bubble -- while secretly planning for a meltdown. Finally, the coup de grace: Along came the housing-credit crisis, as planned. Press and public saw a negative, a crisis. Disaster capitalists saw a huge opportunity. Yes, opportunity for big bucks and control of America. This end game was planned for years in secret war rooms on Wall Street, in Corporate America, in Washington and the Forbes 400. Naomi Klein summarizes the game in Shock Doctrine: the Rise of Disaster Capitalism. This "new economy" generates enormous profits feeding off other peoples' misery: Wars, terror attacks, natural catastrophes, poverty, trade sanctions, subprime housing meltdowns and all kinds of economic, financial and political disasters.

Note: The author of this highly critical commentary, Paul B. Farrell, is a well-known writer on finance and investment and a long-time columnist at The Wall Street Journal's sister-site MarketWatch.

Apocalypse now? 30 days when the world didn't end
2008-09-09, Times of London (One of the U.K.'s leading newspapers)
http://www.timesonline.co.uk/tol/comment/faith/article4717864.ece

The beginning of the first serious experiments using CERN’s Large Hadron Collider this week has given rise to a welter of fanciful scare stories about the obliteration of the Earth by a pocket black hole or a cascade reaction of exotic particles. Similar predictions have been made around the launch of several other particle physics experiments and even the first atomic weapons tests. Predictions of the world’s end are nothing new though. We’ve picked out 30 of the most memorable apocalypses that never, for one reason or another, quite happened. 1: 2,800BC: The oldest surviving prediction of the world’s imminent demise was found inscribed upon an Assyrian clay tablet which stated: "Our earth is degenerate in these latter days. There are signs that the world is speedily coming to an end. Bribery and corruption are common." 4: Mar 25, 970 AD. The Lotharingian computists believed they had found evidence in the Bible that a conjunction of certain feast days prefigured the end times. They were just one of a wide scattering of millennial cults springing up in advance of that first Millennium. The millennial panic endured for at least 30 years after the fateful date had come and gone, with some adjustment made to allow 1,000 years after the crucifixion, rather than the nativity. 8: 1648: Having made close study of the kabbalah, theTurkish rabbi Sabbatai Zevi predicted that the Messiah would make a miraculous return in 1648, and that his name would be Sabbatai Zevi. 9: 1666: A year packed with apocalyptic portent. With a date containing the figures commonly accepted as the biblical Number of the Beast and following a protracted period of plague in England, it was little surprise that many should believe the Great Fire of London to be a herald of the Last Days.

Israeli Mossad let Nazi Mengele get away
2008-09-03, San Francisco Chronicle/Associated Press
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/09/02/international/i14...

Israeli agents who kidnapped Nazi mastermind Adolf Eichmann from Argentina in 1960 found the notorious death camp doctor Josef Mengele but let him get away, one of the operatives said Tuesday. Mengele was one of the most wanted Nazi war criminals, a doctor who conducted cruel experiments on twins and dwarves at the Auschwitz concentration camp and killed children with lethal injections. He selected prisoners who would be subjected to his experiments and sent others straight to their death in gas chambers. Rafi Eitan, now an 81-year-old Israeli Cabinet minister, told The Associated Press on Tuesday that he and other Mossad agents located Mengele living in a Buenos Aires apartment with his wife at the time of Eichmann's capture in 1960. But they decided that trying to nab him would risk sabotaging the capture of Eichmann, who implemented Adolf Hitler's "final solution" to kill European Jewry and was deemed a more important target. Mengele was infamous for his sadistic experiments in the death camps. He injected dye into the eyes of twins to change their color and sewed them together to try to create artificially conjoined twins. He ordered twins killed simultaneously and then dissected for examination of their organs. His horrors earned him the title "Angel of Death." After the war, Mengele fled Germany under an assumed name and ended up in Argentina ... in 1949 but left in 1959 and became a naturalized citizen of Paraguay. After Eichmann was captured in May 1960, Mengele moved to Brazil, according to the report by the Office of Special Investigations (OSI), which tracks Nazis.

Note: It is suspected by many who have researched government mind control programs that after he escaped capture as mentioned above, Mengele was secretly brought to the U.S., where he trained top operatives of the infamous MKULTRA program in mind control techniques he perfected while experimenting without ethical limitations on live humans at Auschwitz. For more on this, click here and here.

Ford's records show 2 on Warren panel had doubts in JFK killing
2008-08-10, Associated Press
http://www.newsday.com/news/nationworld/nation/ny-usford105796041aug10,0,3675...

Former President Gerald Ford secretly advised the FBI that two of his fellow members on the Warren Commission doubted the FBI's conclusion that John F. Kennedy was shot from the sixth floor of the Texas School Book Depository in Dallas. The new details were included in 500 pages of the FBI's large file on Ford, released in part this past week in response to requests under the Freedom of Information Act that The Associated Press and others made on the day Ford died in December 2006. That Ford served as the FBI's eyes and ears inside the commission has been known for years. Long ago, the government released a 1963 FBI memo that said Ford ... had volunteered to keep the FBI informed about the panel's private deliberations, but only if that relationship remained confidential. The bureau agreed. It was also well-known Ford was an outspoken proponent of the bureau's conclusion that Lee Harvey Oswald killed Kennedy while acting alone. [Assistant FBI Director Cartha "Deke"] DeLoach wrote [a memorandum] on Dec. 17, 1963, to outline what Ford told him...about the commission meeting the day before. "Two members of the commission brought up the fact that they still were not convinced that the President had been shot from the sixth floor window of the Texas Book Depository. ... These members failed to understand the trajectory of the slugs that killed the President. [Ford] stated he felt this point would be discussed further but, of course, would represent no problem." There was no explanation of what Ford meant by "no problem."

Note: For many revealing reports on major assassinations from major media sources, click here.

Bruce Ivins Wasn't the Anthrax Culprit
2008-08-05, Wall Street Journal
http://online.wsj.com/public/article/SB121789293570011775.html

Over the past week the media was gripped by the news that the FBI was about to charge Bruce Ivins, a leading anthrax expert, as the man responsible for the anthrax letter attacks in September/October 2001. But despite the seemingly powerful narrative that Ivins committed suicide because investigators were closing in, this is still far from a shut case. The FBI needs to explain why it zeroed in on Ivins, how he could have made the anthrax mailed to lawmakers and the media, and how he (or anyone else) could have pulled off the attacks, acting alone. The spores could not have been produced at the U.S. Army Medical Research Institute of Infectious Diseases, where Ivins worked, without many other people being aware of it. Furthermore, the equipment to make such a product does not exist at the institute. The product contained essentially pure spores. The particle size was 1.5 to 3 microns in diameter. There are several methods used to produce anthrax that small. But most of them require milling the spores to a size small enough that it can be inhaled into the lower reaches of the lungs. In this case, however, the anthrax spores were not milled. They were also tailored to make them potentially more dangerous. The spores were coated with a polyglass which tightly bound hydrophilic silica to each particle. Each particle was given a weak electric charge, thereby causing the particles to repel each other at the molecular level. This made it easier for the spores to float in the air, and increased their retention in the lungs. In short, the potential lethality of anthrax in this case far exceeds that of any powdered product found in the now extinct U.S. Biological Warfare Program.

Out of Space or Out of Mind?
2008-07-28, ABC News
http://abcnews.go.com/Technology/story?id=5451107

Only 12 [people] have ever set foot on the moon, providing them the unique opportunity to peer at the Earth from hundreds of thousands of miles away. For many, the experience appears to have changed them. The select group has returned to regular life and dispersed into a wide array of careers, [and] spiritual and philosophical leanings. Most recently, NASA astronaut Edgar Mitchell, a member of the Apollo 14 mission that landed on the moon in 1971, elaborated on his own fluid thoughts on the universe, arguing that alien visits to Earth have been covered up by governments for more than 60 years. "I happen to be privileged enough to be in on the fact that we have been visited on this planet and the UFO phenomenon is real," Mitchell said. "It has been covered up by governments for quite some time now," added Mitchell, who grew up in Roswell, N.M., the location of the controversial 1947 incident in which some believe the U.S. military covered up the crash scene of an alien spacecraft. Alan Bean, who flew the second moon landing on Apollo 12 in 1967, became a painter after returning to Earth. Astronaut Gene Cernan, who made the last moon-landing in 1972, said he became a believer in the idea of a greater power after traveling to outer space. "I felt that the world was just too beautiful to have happened by accident. There has to be something bigger than you and bigger than me." said Cernan. "There has to be a creator of the universe who stands above the religions that we ourselves create to govern our lives."

Note: For an engaging Reuters video report on Edgar Mitchell's recent statements, click here. For more detailed testimony of Dr. Mitchell on UFOs, click here. For a powerful summary of evidence for UFOs presented by highly credible government and military professionals, click here.

4,000 U.S. Deaths, and a Handful of Images
2008-07-26, New York Times
http://www.nytimes.com/2008/07/26/world/middleeast/26censor.html?partner=rssu...

The case of a freelance photographer in Iraq who was barred from covering the Marines after he posted photos on the Internet of several of them dead has underscored what some journalists say is a growing effort by the American military to control graphic images from the war. Zoriah Miller, the photographer who took images of marines killed in a June 26 suicide attack and posted them on his Web site, was subsequently forbidden to work in Marine Corps-controlled areas of the country. After five years and more than 4,000 American combat deaths, searches and interviews turned up fewer than a half-dozen graphic photographs of dead American soldiers. Opponents of the war, civil liberties advocates and journalists argue that the public portrayal of the war is being sanitized and that Americans who choose to do so have the right to see — in whatever medium — the human cost of a war that polls consistently show is unpopular with Americans. Journalists say it is now harder ... to accompany troops in Iraq on combat missions. And while publishing photos of American dead is not barred under the “embed” rules in which journalists travel with military units, the Miller case underscores what is apparently one reality of the Iraq war: that doing so, even under the rules, can result in expulsion from covering the war with the military. "It is absolutely censorship,” Mr. Miller said. “I took pictures of something they didn’t like, and they removed me. Deciding what I can and cannot document, I don’t see a clearer definition of censorship."

Note: For more coverage of war censorship and the realities of the Iraq and Afghanistan wars, click here.

Pentagon Auditors Pressured To Favor Contractors, GAO Says
2008-07-24, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/07/23/AR20080723014...

Auditors at a Pentagon oversight agency were pressured by supervisors to skew their reports on major defense contractors to make them look more favorable instead of exposing wrongdoing and charges of overbilling, according to an 80-page report released yesterday by the Government Accountability Office. The Defense Contract Audit Agency, which oversees contractors for the Defense Department, "improperly influenced the audit scope, conclusions and opinions" of reviews of contractor performance, the GAO said, creating a "serious independence issue." The report does not name the projects or the contractors involved, but staff members on the Senate Homeland Security and Governmental Affairs Committee who were briefed on the findings cited seven contractors, some of whom are among the biggest in the defense industry: Boeing, Northrop Grumman, Fluor, Parker Hannifin, Sparta, SRS Technologies and a subsidiary of L3 Communications. Supervisors at DCAA attempted to intimidate auditors, prevented them from speaking with GAO investigators and created a "generally abusive work environment," the report said. It cited incidents of "verbal admonishments, reassignments and threats of disciplinary action" against workers who "raised questions about management guidance." The GAO said it launched the two-year inquiry after complaints on a fraud hotline. Its investigators conducted more than 100 interviews of 50 people involved in audits between 2003 and 2007.

Note: For eye-opening reports on government corruption from reliable sources, click here.

American inequality highlighted by 30-year gap in life expectancy
2008-07-17, The Independent (One of the U.K.'s leading newspapers)
http://www.independent.co.uk/news/world/americas/american-inequality-highligh...

The United States of America is becoming less united by the day. A 30-year gap now exists in the average life expectancy between Mississippi, in the Deep South, and Connecticut, in prosperous New England. Huge disparities have also opened up in income, health and education depending on where people live in the US, according to a report published yesterday. The American Human Development Index has [issued a report] measuring well-being ... with shocking results. The US finds itself ranked 42nd in global life expectancy and 34th in survival of infants to age. Suicide and murder are among the top 15 causes of death and although the US is home to just 5 per cent of the global population it accounts for 24 per cent of the world's prisoners. The report points to a rigged system that does little to lessen inequalities. "The report shows that although America is one of the richest nations in the world, it is woefully behind when it comes to providing opportunity and choices to all Americans to build a better life," the authors said. Some of its more shocking findings reveal that ... Asian-American males have the best quality of life and black Americans the lowest, with a staggering 50-year life expectancy gap between the two groups. Using official government statistics, the study points out that because American schools are funded primarily from local property taxes, rich districts get the best state education. The US has no federally mandated sick pay, paternity leave or annual paid vacation.

Note: For lots more on health issues from reliable, verifiable sources, click here.

Prosecutor turned up on U.S. terror watch list
2008-07-14, USA Today/Associated Press
http://www.usatoday.com/news/washington/2008-07-14-justice-terror-list_N.htm

The Justice Department's former top criminal prosecutor says the U.S. government's terror watch list likely has caused thousands of innocent Americans to be questioned, searched or otherwise hassled. Former Assistant Attorney General Jim Robinson would know: he is one of them. Robinson joined [with] the American Civil Liberties Union on Monday to urge fixing the list that's supposed to identify suspected terrorists. "It's a pain in the neck, and significantly interferes with my travel arrangements," said Robinson, the head of the Justice Department's criminal division during the Clinton administration. He believes his name matches that of someone who was put on the list in early 2005, and is routinely delayed while flying — despite having his own government top-secret security clearances renewed last year. He [said] "I expect my story is similar to hundreds of thousands of people who are on this list who find themselves inconvenienced." [The watch list] was created after the Sept. 11, 2001 attacks to consolidate 12 existing lists. Audits of the watch list over the last several years ... have concluded that it has mistakenly flagged innocent people whose names are similar to those on it. More than 30,000 airline passengers had asked the Homeland Security Department to clear their names from the list as of October 2006. The ACLU predicted the watch list would include 1 million names as early as Monday. The civil liberties group reached that number by citing the 700,000 records on the watch list as of last September and adding 20,000 names each month, as forecast by the Justice Department's inspector general.

Note: For many disturbing reports on threats to civil liberties, click here.

Civil liberties group criticizes new FBI authority
2008-07-02, Boston Globe/Associated Press
http://www.boston.com/news/nation/washington/articles/2008/07/02/civil_libert...

Nearly 40 years ago, the FBI was roundly criticized for investigating Americans without evidence [that] they had broken any laws. Now, critics fear the FBI may be gearing up to do it again. Tentative Justice Department guidelines, to be released later this summer, would let agents investigate people whose backgrounds -- and potentially their race or ethnicity -- match the traits of terrorists. Such profiling ... echoes the FBI's now-defunct COINTELPRO, an operation under Director J. Edgar Hoover in the 1950s and 1960s to monitor and disrupt groups with communist and socialist ties. Before it was shut down in 1971, the domestic spying operation -- formally known as Counterintelligence Programs -- had expanded to include civil rights groups, anti-war activists, ... state legislators and journalists. Among the FBI's targets were Martin Luther King Jr., Malcolm X, and John Lennon, along with members of black [political] groups ... and student protesters. The new proposal to allow investigations of Americans with no evidence of wrongdoing is "COINTELPRO for the 21st century," said Barry Steinhardt of the American Civil Liberties Union. "But this is much more insidious because it could involve more people. In the days of COINTELPRO, they were watching only a few people. Now they could be watching everyone."

Note: For many disturbing reports on threats to civil liberties, click here.

Cancer cure trials move from mice to men
2008-06-29, The Independent (One of the U.K.'s leading newspapers)
http://www.independent.co.uk/life-style/health-and-wellbeing/health-news/canc...

In a major breakthrough in the search for a cure for cancer, the first human trials are to begin using a technique that has already been shown to destroy the disease in mice. The trials are the culmination of years of research prompted by the discovery of a cancer-proof mouse by researchers almost a decade ago. More than 20 cancer patients will be given white blood cells with cancer-killing properties in an attempt to boost their immune system's fight against the deadly illness. The work stems from experiments into the metabolism of a humble laboratory mouse whose immunity to cancer defied the repeated attempts of scientists to kill it with high-level doses of cancer cells. White blood cells taken from the animal and its offspring were subsequently used to cure other mice of advanced cancers. The white blood cells destroyed the cancer cells but left normal cells alone. This discovery encouraged scientists to study how people might be helped to fight off cancer by being given a boost of white blood cells called granulocytes. Laboratory tests have since shown how human granulocytes can destroy cervical, prostate and breast cancer cells, provided sufficient numbers of cancer-killing granulocytes from healthy donors are used. Scientists are now confident that the treatment will prove just as successful in humans as it has been in mice. Hundreds of donors will be recruited for the new treatment – which is called leukocyte infusion therapy – and a process similar to platelet donation will be used to collect the granulocytes.

Note: Why is this important news getting so little coverage? For more cancer breakthroughs, click here.

Students increase fuel-efficiency
2008-06-22, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/20/MTTF114KJO.DTL

What we drive in the future may not be designed in Detroit, or Tokyo or Stuttgart, but on the college campuses of North America. Teams of students from 17 colleges and universities in the United States and Canada have spent the last three years taking apart models of a Chevrolet Equinox, and re-designing and re-fitting the crossover SUV to get better fuel efficiency than the engineers and designers at General Motors have been able to achieve. It's called Challenge X. So what did these college teams come up with? They came up with bio-diesel, ethanol, hydrogen, hybrid electric, plug-in electric - with most of the teams using two of these energy sources together. The team from Penn State created an Equinox that runs on three fuels: bio-diesel, hydrogen and electric hybrid power. "The way it's designed, it's always burning hydrogen and bio-diesel together, and the hybrid motor turns on and off," explained Nate Simmons. The team from San Diego State created a bio-diesel electric hybrid, and transformed the transmission from automatic to manual for even better gas mileage. They were able to boost the EPA rating for the conventional Equinox from a rating of 23 miles per gallon highway up into the low 30s. "We set out to produce the most powerful vehicle in the competition," said faculty advisor James Burns. This year's winner was Mississippi State University, for its bio-diesel hybrid electric design. The MSU vehicle is powered by a 1.9-liter GM direct injection turbo-diesel engine, fueled by bio-diesel (B20). It won for achieving a whopping 38 percent increase in fuel economy over the production-model Equinox.

Note: College and even high school students have been beating car manufacturers for years, yet the media seem to largely ignore this. For striking examples, click here and here.

General Accuses White House of War Crimes
2008-06-18, Washington Post
http://www.washingtonpost.com/wp-dyn/content/blog/2008/06/18/BL2008061801546....

The two-star general who led an Army investigation into the horrific detainee abuse at Abu Ghraib has accused the Bush administration of war crimes and is calling for accountability. In his 2004 report on Abu Ghraib, then-Major General Anthony Taguba concluded that "numerous incidents of sadistic, blatant, and wanton criminal abuses were inflicted on several detainees." He called the abuse "systemic and illegal." And, as Seymour M. Hersh reported in The New Yorker, he was rewarded for his honesty by being forced into retirement. Now, in a preface to a Physicians for Human Rights report based on medical examinations of former detainees, Taguba adds an epilogue to his own investigation. The new report, he writes, "tells the largely untold human story of what happened to detainees in our custody when the Commander-in-Chief and those under him authorized a systematic regime of torture. This story is not only written in words: It is scrawled for the rest of these individual's lives on their bodies and minds. The profiles of these eleven former detainees, none of whom were ever charged with a crime or told why they were detained, are tragic and brutal rebuttals to those who claim that torture is ever justified. In order for these individuals to suffer the wanton cruelty to which they were subjected, a government policy was promulgated to the field whereby the Geneva Conventions and the Uniform Code of Military Justice were disregarded. The UN Convention Against Torture was indiscriminately ignored. There is no longer any doubt as to whether the current administration has committed war crimes."

Note: For many revealing reports on the brutal realities of the Iraq and Afghanistan wars, click here.

Guantanamo: Policy goals trumped law
2008-06-18, Miami Herald/McClatchy Newspapers
http://www.miamiherald.com/news/nation/story/574074.html

The framework under which detainees were imprisoned for years without charges at Guantanamo and in many cases abused in Afghanistan wasn't the product of American military policy or the fault of a few rogue soldiers. It was largely the work of five White House, Pentagon and Justice Department lawyers who, following the orders of President Bush and Vice President Dick Cheney, reinterpreted or tossed out the U.S. and international laws that govern the treatment of prisoners in wartime, according to former U.S. defense and Bush administration officials. The Supreme Court now has struck down many of their legal interpretations. The quintet of lawyers, who called themselves the “War Council," drafted legal opinions that circumvented the military's code of justice, the federal court system and America's international treaties in order to prevent anyone ... from being held accountable for activities that at other times have been considered war crimes. The international conventions ... to which [the US is] a party, were abandoned in secret meetings among the five men in one another's offices: ... David Addington, the ... longtime legal adviser and now chief of staff to Cheney [whose] primary motive, according to several former administration and defense officials, was to push for an expansion of presidential power that Congress or the courts couldn't check; Alberto Gonzales, first the White House counsel and then the attorney general; William J. Haynes II, the former Pentagon general counsel; former Justice Department lawyer John Yoo, [and] Timothy E. Flanigan, a former deputy to Gonzales.

Note: Virtually no major media other than the Herald picked up this key story.

Documents indicate U.S. hid terror suspects from Red Cross
2008-06-17, Miami Herald/McClatchy Newspapers
http://www.miamiherald.com/news/nation/story/574075.html

The U.S. military hid the locations of ... detainees and concealed harsh treatment to avoid the scrutiny of the International Committee of the Red Cross, according to documents that a Senate committee released. "We may need to curb the harsher operations while ICRC is around. It is better not to expose them to any controversial techniques," Lt. Col. Diane Beaver, a military lawyer, said during an October 2002 meeting at the Guantanamo Bay prison. Her comments were recorded in minutes of the meeting. At that same meeting, Beaver also appeared to confirm that U.S. officials at another detention facility — Bagram Air Base in Afghanistan — were using sleep deprivation to "break" detainees. "True, but officially it is not happening," she is quoted as having said. [Another] person at the meeting, Jonathan Fredman, the chief counsel for the CIA's Counterterrorism Center, disclosed that detainees were moved routinely to avoid the scrutiny of the ICRC, which keeps tabs on prisoners in conflicts around the world. "In the past when the ICRC has made a big deal about certain detainees, the DOD (Defense Department) has 'moved' them away from the attention of the ICRC," Fredman said. The document, along with two dozen others, shows that top administration officials pushed relentlessly for tougher interrogation methods. Fredman of the CIA also appeared to be advocating the use of techniques harsher than those authorized by military field guides. "If the detainee dies, you're doing it wrong," the minutes report Fredman saying at one point.

Note: For many revealing reports on the brutal realities of the Iraq and Afghanistan wars, click here.

Army Overseer Tells of Ouster Over KBR Stir
2008-06-17, New York Times
http://www.nytimes.com/2008/06/17/washington/17contractor.html?partner=rssuse...

The Army official who managed the Pentagon’s largest contract in Iraq says he was ousted from his job when he refused to approve paying more than $1 billion in questionable charges to KBR, the Houston-based company that has provided food, housing and other services to American troops. The official, Charles M. Smith, was the senior civilian overseeing the multibillion-dollar contract with KBR during the first two years of the war. Speaking out for the first time, Mr. Smith said that he was forced from his job in 2004 after informing KBR officials that the Army would impose escalating financial penalties if they failed to improve their chaotic Iraqi operations. Army auditors had determined that KBR lacked credible data or records for more than $1 billion in spending, so Mr. Smith refused to sign off on the payments to the company. “They had a gigantic amount of costs they couldn’t justify,” he said in an interview. But he was suddenly replaced, he said, and his successors — after taking the unusual step of hiring an outside contractor to consider KBR’s claims — approved most of the payments he had tried to block. Mr. Smith’s account fills in important gaps about the Pentagon’s handling of the KBR contract, which has cost more than $20 billion so far and has come under fierce criticism from lawmakers. Mr. Smith ... is giving his account just as the Pentagon has recently awarded KBR part of a 10-year, $150 billion contract in Iraq.

Note: For a summary of US Marine Corps General Smedley Butler's book on war profiteering, click here.

Wealthy Americans Under Scrutiny in UBS Case
2008-06-06, New York Times
http://www.nytimes.com/2008/06/06/business/worldbusiness/06tax.html?partner=r...

One afternoon in April, six dozen wealthy Americans were entertained at a luncheon party in Midtown Manhattan, along with a special guest from Paris: Henri Loyrette, the director of the Louvre. The host of the exclusive gathering was the Swiss bank UBS, whose elite private bankers built a lucrative business in recent years by discreetly tending the fortunes of American millionaires and billionaires. But now, as the federal authorities intensify an investigation into offshore bank accounts, the secrets of this rarefied world are being dragged into the open — and UBS’s privileged clients are running scared. Under pressure from the authorities, UBS is considering whether to divulge the names of up to 20,000 of its well-heeled American clients, according to people close to the inquiry, a step that would have once been unthinkable to Swiss bankers, whose traditions of secrecy date to the Middle Ages. Federal investigators believe some of the clients may have used offshore accounts at UBS to hide as much as $20 billion in assets from the Internal Revenue Service. Doing so may have enabled these people to dodge at least $300 million in federal taxes on income from those assets, according to a government official connected with the investigation. The case could turn into an embarrassment for Marcel Rohner, the chief executive of UBS and the former head of its private bank, as well as for Phil Gramm, the former Republican senator from Texas who is now the vice chairman of UBS Securities, the Swiss bank’s investment banking arm. It also comes at a difficult time for UBS, which is reeling from $37 billion in bad investments, many of them linked to risky American mortgages.

Note: For an illuminating overview of the secret world of banking and finance, click here.

Canadian teen's process decomposes plastic bags
2008-06-05, Reuters News
http://www.reuters.com/article/lifestyleMolt/idUSN0535499620080605

As countries and cities around the world move to ban plastic bags, a Canadian teenager is tackling the problem of what to do with them. High school student Daniel Burd successfully isolated microorganisms from soil and used them to help degrade 43 percent of his polyethylene sample within a few weeks in a science project that recently won him the C$10,000 ($9,800) top prize at the Canada-Wide Science Fair. "The purpose of my project was to first of all prove that it's possible to do the degradation, and I just wanted to develop a beginning procedure that could be used," said the 17-year-old Grade 11 student, who also walked away with nearly C$35,000 in university scholarship offers. "We know that after 40 to 100,000 years, the plastic bags will be degraded naturally. Some type of microbe must be responsible for this. So the first step was to isolate this microbe and that's what I did," said Burd, who began his research in December 2006. To isolate the microorganism, he turned the plastic bags into a powder -- an important step, Burd said, because it increases the surface area and helps the microorganisms that can use the plastic to grow. Once he had the powder, he collected soil samples from a landfill, and combined the two with a home-made solution that would encourage microorganism growth. After months of experimenting, he isolated two microbial strains from the genuses sphingomonas and pseudomonas. Burd worked with the microbes to find the combination that would degrade strips of plastic bags best, and optimized the process by factoring in elements such as temperature and concentration of microbes. "In the end I was able to find that after six weeks incubation 43 percent of my plastic bag is degraded."

Note: Why wasn't this all over the news? Very few media outlets covered this highly inspiring story. For a more recent article on this fascinating topic, click here.

Was Press a War ‘Enabler’? 2 Offer a Nod From Inside
2008-05-30, New York Times
http://www.nytimes.com/2008/05/30/washington/30press.html?partner=rssuserland...

In his new memoir, What Happened, Scott McClellan, the former White House press secretary, said the national news media neglected their watchdog role in the run-up to the invasion of Iraq, calling reporters “complicit enablers” of the Bush administration’s push for war. Surprisingly, some prominent journalists have agreed. Katie Couric, the anchor of “CBS Evening News,” said ... that she had felt pressure from government officials and corporate executives to cast the war in a positive light. Speaking on “The Early Show” on CBS, Ms. Couric said the lack of skepticism shown by journalists about the Bush administration’s case for war amounted to “one of the most embarrassing chapters in American journalism.”She also said she sensed pressure from “the corporations who own where we work and from the government itself to really squash any kind of dissent or any kind of questioning of it.” At the time, Ms. Couric was a host of “Today” on NBC. Another broadcast journalist also weighed in. Jessica Yellin, who worked for MSNBC in 2003 and now reports for CNN, said ... that journalists had been “under enormous pressure from corporate executives, frankly, to make sure that this was a war presented in a way that was consistent with the patriotic fever in the nation.” For five years, antiwar activists and media critics have claimed that the national news media failed to keep the White House accountable before the invasion. Greg Mitchell, the author of So Wrong for So Long, a book about press and presidential failures on the war, argues that some media organizations have yet to come to terms with their role.

Note: For a powerful overview of the media cover-up by top, award-winning journalists, click here.

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