previous  ...34353637383940414243...  next  · entire list

America's favorite bankers have outdone themselves yet again
2011-01-30, CNN
http://finance.fortune.cnn.com/2011/01/30/money-for-nothing-at-goldman/

How might you compensate management for a year in which profits plunged, you spent $550 million of shareholder money to settle a fraud investigation and your stock ended up more or less exactly where it started? You might be tempted to nix raises or withhold bonuses to send a responsible message about linking pay to performance. But if so, you wouldn't be Goldman Sachs. It just had the year described above – and responded by tripling everyone's base salary while boosting bonuses by 40%. Is this a great country or what? Goldman said in a filing [on January 28] that CEO Lloyd Blankfein will make $2 million this year, and his top lieutenants will each make $1.85 million. Top Goldman brass had been making $600,000 annually in salary since the firm's 1999 initial public offering. All 470 of Goldman's partners will get higher salaries. The top five officers will also get $12.6 million each in bonuses. That's up from $9 million each last year. That may seem like a high price to pay for a pretty lousy year – and one that ended with a Fed-inspired reminder that Goldman, just in case anyone forgot, took billions upon billions of dollars in bailout loans in 2008 and 2009.

Note: For key articles from reliable sources detailing the outrageous compensation awarded to the highest officers of Wall Street financial corporations after they were bailed out by the government, click here.

The Day Part of the Internet Died: Egypt Goes Dark
2011-01-28, ABC News/Associated Press
http://abcnews.go.com/Technology/wireStory?id=12783053

About a half-hour past midnight [on January 28] in Egypt, the Internet went dead. Almost simultaneously, the handful of companies that pipe the Internet into and out of Egypt went dark as protesters were gearing up for a fresh round of demonstrations calling for the end of President Hosni Mubarak's nearly 30-year rule, experts said. Egypt has apparently done what many technologists thought was unthinkable for any country with a major Internet economy: It unplugged itself entirely from the Internet to try and silence dissent. Experts say it's unlikely that what's happened in Egypt could happen in the United States because the U.S. has numerous Internet providers and ways of connecting to the Internet. Coordinating a simultaneous shutdown would be a massive undertaking. But the idea of a single "kill switch" to turn the Internet on and off has seduced some American lawmakers, who have pushed for the power to shutter the Internet in a national emergency. The Internet blackout in Egypt shows that a country with strong control over its Internet providers apparently can force all of them to pull their plugs at once. It also sets a precedent for other countries grappling with paralyzing political protests — though censoring the Internet and tampering with traffic to quash protests is nothing new.

Note: For information on how a Israeli company bought out by Boeing facilitated the shutdown of the Internet in Egypt, click here. And to learn about a bill being proposed which would give the US president power over an Internet "kill switch," click here.

Italian Scientists Claim (Dubious) Cold Fusion Breakthrough
2011-01-24, Fox News/Popular Science
http://www.foxnews.com/scitech/2011/01/24/italian-scientists-claim-cold-fusio...

Two Italian scientists claim to have successfully developed a cold fusion reactor that produces 12,400 watts of heat power per 400 watts of input. Not only that, but they’ll be commercially available in just three months. Cold fusion is a tricky business -- some say a theoretically implausible business. Hypothetically (and broadly) speaking, the process involves fusing two smaller atomic nuclei together into a larger nucleus, a process that releases massive amounts of energy. If harnessed, cold fusion could provide cheap and nearly limitless energy with no radioactive byproduct or massive carbon emissions. Andrea Rossi and Sergio Focardi claim [their reactor] fuses atomic nuclei of nickel and hydrogen using about 1,000 watts of electricity which, after a few minutes, is reduced to an input of just 400 watts. This reaction purportedly can turn 292 grams of 68 degree water into turbine-turning steam -- a process that would normally require 12,400 watts of electricity, netting them a power gain of about 12,000 watts. They say that commercially scaled, their process could generate eight units of output per unit of input and would cost roughly one penny per kilowatt-hour, drastically cheaper than your average coal plant.

Note: For a balanced and informative article on this, see the Technology News article available here. Sadly, the only other media report on this fascinating news was a Washington Times article available here. For lots more useful information and videos on this exciting discovery, click here.

Former Spy With Agenda Operates a Private C.I.A.
2011-01-23, New York Times
http://www.nytimes.com/2011/01/23/world/23clarridge.html

Duane R. [Dewey] Clarridge parted company with the Central Intelligence Agency more than two decades ago, but from poolside at his home near San Diego, he still runs a network of spies. Over the past two years, he has fielded operatives in the mountains of Pakistan and the desert badlands of Afghanistan. Since the United States military cut off his funding in May, he has relied on like-minded private donors to pay his agents to continue gathering information about militant fighters [and] Taliban leaders. Mr. Clarridge, 78, ... was indicted on charges of lying to Congress in the Iran-contra scandal and later pardoned. His dispatches — an amalgam of fact, rumor, analysis and uncorroborated reports — have been sent to military officials who, until last spring at least, found some credible enough to be used in planning strikes against militants in Afghanistan. They are also fed to conservative commentators, including Oliver L. North, a compatriot from the Iran-contra days and now a Fox News analyst, and Brad Thor, an author of military thrillers and a frequent guest of Glenn Beck. Mr. Clarridge’s operation ... is a startling demonstration of how private citizens can exploit the chaos of combat zones and rivalries inside the American government to carry out their own agenda. It also shows how the outsourcing of military and intelligence operations has spawned legally murky clandestine operations.

Note: For key reports from reliable sources on the role of private contractors in the illegal US wars of aggression in Afganistan and Iraq, click here.

Undercover police cleared 'to have sex with activists'
2011-01-22, The Guardian (One of the UK's leading newspapers
http://www.guardian.co.uk/uk/2011/jan/22/undercover-police-cleared-sex-activists

Undercover police officers routinely adopted a tactic of "promiscuity" with the blessing of senior commanders, according to a former agent who worked in a secretive unit of the Metropolitan police for four years. The former undercover policeman claims that sexual relationships with activists were sanctioned for both men and women officers infiltrating anarchist, leftwing and environmental groups. Sex was a tool to help officers blend in, the officer claimed, and was widely used as a technique to glean intelligence. He said undercover officers, particularly those infiltrating environmental and leftwing groups, viewed having sex with a large number of partners "as part of the job". His comments contradict claims last week from the Association of Chief Police Officers that operatives were absolutely forbidden to sleep with activists. The claims follow the unmasking of undercover PC Mark Kennedy, who had sexual relationships with several women during the seven years he spent infiltrating a ring of environmental activists. Another two covert officers have been named in the past fortnight who also had sex with the protesters they were sent to spy on, fuelling allegations that senior officers had authorised sleeping around as a legitimate means of gathering intelligence.

Note: For a comprehensive overview of the still-ongoing revelations about police provocateur Mark Kennedy and his cohorts in the UK police infiltration of environmental and related activist groups, click here.

The state's pedlars of fear must be brought to account
2011-01-11, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/commentisfree/2011/jan/11/police-reform-mark-stone-...

[Mark] Kennedy moved from undercover agent to agent provocateur. He worked for a murky organisation called the National Public Order Intelligence Unit (NPOIU). With a budget of £5m this operates as a branch of the National Domestic Extremism Unit (NDEU) which, in turn, works alongside the National Extremism Tactical Co-ordination Unit (NETCU). Ask where this stands, and you will be told it reports to the Association of Chief Police Officers' Terrorism and Allied Matters Committee, codenamed Acpo(TAM). Kennedy's bosses in the NPOIU work for Acpo, but this is not what it seems. It is not, as its name suggests, the police officers' staff club, nor is it a public body of any sort. [ACPO] is a private company, incorporated in 1997. It is sub-contracted by Whitehall to operate the police end of the government's counterterrorism and "anti-extremism" strategies. It is thus alongside MI5, but even less accountable. It now runs its own police forces under a police chief boss, Sir Hugh Orde, like a British FBI. It trades on its own account, generating revenue by selling data from the police national computer for £70 an item (cost of retrieval, 60p). It owns an estate of 80 flats in central London. As a private company, Acpo need not accede to Freedom of Information requests and presumably could distribute its profit to its own board. The whole operation is reminiscent of the deals set up by the Pentagon with private firms to run the Iraq and Afghan wars, free of publicity or accountability.

Note: For further information on the amazing undercover career of UK agent provocateur Mark Kennedy, click here and here and here.

U.S. says too much fluoride in water
2011-01-07, USA Today/Associated Press
http://www.usatoday.com/yourlife/health/medical/2011-01-07-too-much-fluoride_...

Fluoride in drinking water — credited with dramatically cutting cavities and tooth decay — may now be too much of a good thing. Getting too much of it causes spots on some kids' teeth. A reported increase in the spotting problem is one reason the federal government will announce [that] it plans to lower the recommended levels for fluoride in water supplies — the first such change in nearly 50 years. About 2 out of 5 adolescents have tooth streaking or spottiness because of too much fluoride, a surprising government study found recently. In some extreme cases, teeth can even be pitted by the mineral. Maryland is the most fluoridated state, with nearly every resident on a fluoridated water system. In contrast, only about 11% of Hawaii residents are on fluoridated water, according to government statistics. Fluoridation has been fought for decades by people who worried about its effects, including conspiracy theorists who feared it was a plot to make people submissive to government power. "It's amazing that people have been so convinced that this is an OK thing to do," said Deborah Catrow, who successfully fought a ballot proposal in 2005 that would have added fluoride to drinking water in Springfield, Ohio.

Note: This article fails to mention a key recent study showing "about 28 percent of the children in the low-fluoride area scored as bright, normal or higher intelligence compared to only 8 percent in the 'high' fluoride area. In the high-fluoride city, 15 percent had scores indicating mental retardation and only 6 percent in the low-fluoride city." For a truly awesome, revealing interview with a BBC producer on the major deceptions, risks, and dangers of fluoride in water, click here. For more on this key topic from Dr. Mercola, click here. And for the top website on the risks and dangers of flouride in water, click here.

When Insurers Put Profits Between Doctor and Patient
2011-01-06, New York Times
http://www.nytimes.com/2011/01/06/health/views/06chen.html

In articles, interviews, op-eds and testimony on Capitol Hill, Wendell Potter has described the dark underbelly of the health care insurance industry — unkept promises of care, canceled coverage of those who get sick and fearmongering campaigns designed to quash any change that might adversely affect profits. He should know what he is talking about. For 20 years, Mr. Potter was the head of corporate communications at two major insurers, first at Humana and then at Cigna. Now Mr. Potter has written a fascinating book that details the methods he and his colleagues used to manipulate public opinion and describes his transformation from the idealistic son of working-class parents in eastern Tennessee to top insurance company executive, to vocal critic and industry watchdog. Using little of the fiery rhetoric or lurid prose that usually marks corporate exposés or memoirs of redemption, the book, Deadly Spin ... is an evenhanded yet riveting account of the inner workings of the health care insurance industry, a cautionary tale that doctors and patients would be wise not to miss. Mr. Potter [describes] the myth-making he did, interspersing descriptions of front groups, paid spies and jiggered studies with a deft retelling of the convoluted (and usually eye-glazing) history of health care insurance policies.

Note: Mr. Potter has written a powerful condemnation of health care industry practices at this link. For other major media articles on this courageous whistleblower, click here. And for other highly informative reports on important health issues, click here.

Glaxo Whistle-Blower Lawsuit: Bad Medicine
2011-01-02, CBS News 60 Minutes
http://www.cbsnews.com/stories/2010/12/29/60minutes/main7195247.shtml

Of all the things that you trust every day, you want to believe your prescription medicine is safe and effective. The pharmaceutical industry says that it follows the highest standards for quality. But in November, we found out just how much could go wrong at one of the world's largest drug makers. A subsidiary of GlaxoSmithKline pleaded guilty to distributing adulterated drugs. Some of the medications were contaminated with bacteria, others were mislabeled, and some were too strong or not strong enough. It's likely Glaxo would have gotten away with it had it not been for a company insider: a tip from Cheryl Eckard set off a major federal investigation. Eckard worked in Glaxo quality control and over ten years she had risen to become a manager of global quality assurance. In 2002, Eckard was assigned to help lead a quality assurance team to evaluate one of Glaxo's most important plants, in Cidra, Puerto Rico. Nine hundred people worked there, making 20 drugs for patients in the U.S. But Eckard says that when she saw what was happening to some of the company's most popular drugs, she couldn't believe it. "All the systems were broken, the facility was broken, the equipment was broken, the processes were broken. It was the worst thing I had run across in my career," she [said]. As her team continued its evaluation of the plant, Eckard says ... that powerful medications were getting mixed up.

Note: For lots more on how this major pharmaceutical is endangering lives, watch the 60 Minutes video segment at the above link.

Terrorist watch list: One tip now enough to put name in database
2010-12-29, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/29/AR20101229015...

A year after a Nigerian man allegedly tried to blow up a Detroit-bound airliner, officials say they have made it easier to add individuals' names to a terrorist watch list. The failure to put Umar Farouk Abdulmutallab on the watch list last year renewed concerns that the government's system to screen out potential terrorists was flawed. Even though Abdulmutallab's father had told U.S. officials of his son's radicalization in Yemen, government rules dictated that a single-source tip was insufficient to include a person's name on the watch list. Since then, senior counterterrorism officials say they have altered their criteria so that a single-source tip, as long as it is deemed credible, can lead to a name being placed on the watch list. But civil liberties groups argue that the government's new criteria, which went into effect over the summer, have made it even more likely that individuals who pose no threat will be swept up in the nation's security apparatus, leading to potential violations of their privacy and making it difficult for them to travel. "They are secret lists with no way for people to petition to get off or even to know if they're on," said Chris Calabrese, legislative counsel for the American Civil Liberties Union. The list, which stands at 440,000 people, [is now] about 5 percent larger than last year.

Note: For lots more from reliable sources on growing threats to civil liberties, click here.

Children who lend a helping hand show they can make a difference and change the world
2010-12-27, Christian Science Monitor
http://www.csmonitor.com/World/making-a-difference/2010/1227/Children-who-len...

Parents want their kids and teens to care about others. The good news is that children "are sort of hard-wired" to want to help others, says Michael Ungar, author of "The We Generation: Raising Socially Responsible Kids." While adults do wonderful things to help others, even more amazing is the number of children and teens who are "making a difference". Danielle Gram spent her childhood in Maryland in the years following the 9/11 attacks. "I really didn't understand why people from different cultures wanted to kill each other," says Ms. Gram, now 21 years old and a senior at Harvard University. In 2006, together with Jill McManigal ... Gram, then 16, founded Kids for Peace, a nonprofit, child-led group that inspires kids to work together toward a more peaceful world. Today Kids for Peace has more than 75 chapters. In August, its Great Kindness Challenge, where children try to see how many acts of kindness they can perform in a single day, drew thousands of participants in 50 countries. In November, she was named a winner of the World of Children award. "The passion to create a less violent world has really followed me throughout my life," Gram says. But a family tragedy last year brought it closer to home. Her only brother was murdered while on vacation. "It's certainly been a struggle. But every single one of my immediate family members has a deeper conviction that nonviolence is the way to respond." After graduation next spring, Gram hopes to work on peace issues in Bangladesh or at a refugee camp in Africa. Either way, she'll carry on with Kids for Peace, too.

Note: For a great collection of other inspiring news articles, click here.

C.I.A. Secrets Could Surface in Swiss Nuclear Case
2010-12-24, New York Times
http://www.nytimes.com/2010/12/24/world/europe/24nukes.html

A seven-year effort by the Central Intelligence Agency to hide its relationship with a Swiss family who once acted as moles inside the world’s most successful atomic black market hit a turning point on [December 23] when a Swiss magistrate recommended charging the men with trafficking in technology and information for making nuclear arms. The prospect of a prosecution, and a public trial, threatens to expose some of the C.I.A.’s deepest secrets if defense lawyers try to protect their clients by revealing how they operated on the agency’s behalf. The three men — Friedrich Tinner and his two sons, Urs and Marco — helped run the atomic smuggling ring of A. Q. Khan, an architect of Pakistan’s nuclear bomb program, officials in several countries have said. In return for millions of dollars, according to former Bush administration officials, the Tinners secretly worked for the C.I.A. as well, not only providing information about the Khan network’s manufacturing and sales efforts, which stretched from Iran to Libya to North Korea, but also helping the agency introduce flaws into the equipment sent to some of those countries. A trial ... could also expose in court a tale of C.I.A. break-ins in Switzerland, and of a still unexplained decision by the agency not to seize electronic copies of a number of nuclear bomb designs found on the computers of the Tinner family. Ultimately, copies of those blueprints were found around the globe on the computers of members of the Khan network.

Note: This report establishes yet another connection between a secret nuclear materials network linking both Khan and US government officials, parts of which were divulged by FBI whistleblower Sibel Edmonds, who identified moles working with Khan in both the US State Department and the Pentagon. For more on these highly suspicious networks, click here.

Monitoring America
2010-12-20, Washington Post
http://projects.washingtonpost.com/top-secret-america/articles/monitoring-ame...

Nine years after the terrorist attacks of 2001, the United States is assembling a vast domestic intelligence apparatus to collect information about Americans, using the FBI, local police, state homeland security offices and military criminal investigators. The system, by far the largest and most technologically sophisticated in the nation's history, collects, stores and analyzes information about thousands of U.S. citizens and residents, many of whom have not been accused of any wrongdoing. The months-long investigation [by The Washington Post], based on nearly 100 interviews and 1,000 documents, found that: * Technologies and techniques honed for use on the battlefields of Iraq and Afghanistan have migrated into the hands of law enforcement agencies in America. * The FBI is building a database with the names and certain personal information, such as employment history, of thousands of U.S. citizens and residents whom a local police officer or a fellow citizen believed to be acting suspiciously. * Law enforcement agencies have hired as trainers self-described experts whose extremist views on Islam and terrorism are considered inaccurate and counterproductive by the FBI and U.S. intelligence agencies. * The Department of Homeland Security sends its state and local partners intelligence reports with little meaningful guidance, and state reports have sometimes inappropriately reported on lawful meetings.

Note: This report is part of a series, "Top Secret America," by The Washington Post. For more, click here.

State Budgets: The Day of Reckoning
2010-12-19, CBS News
http://www.cbsnews.com/stories/2010/12/19/60minutes/main7166220.shtml

There is [a] financial crisis looming involving state and local governments. In the two years since the "great recession" wrecked their economies and shriveled their income, the states have collectively spent nearly a half a trillion dollars more than they collected in taxes. There is also a trillion-dollar hole in their public pension funds. The states have been getting by on billions of dollars in federal stimulus funds, but the day of reckoning is at hand. The debt crisis [could] cost a million public employees their jobs and require another big bailout package that no one in Washington wants to talk about. "The most alarming thing about the state issue is the level of complacency," Meredith Whitney, one of the most respected financial analysts on Wall Street. "It has tentacles as wide as anything I've seen. I think next to housing this is the single most important issue in the United States, and certainly the largest threat to the U.S. economy," she [said]. California, which faces a $19 billion budget deficit next year, has a credit rating approaching junk status. It now spends more money on public employee pensions than it does on the state university system, which had to increase its tuition by 32 percent. Arizona is so desperate it sold off the state capitol, Supreme Court building and legislative chambers to a group of investors and now leases the buildings from their new owner. The state also eliminated Medicaid funding for most organ transplants.

Note: For key reports from major media sources on the devastating consequences for Main Street of the criminal bailout of Wall Street, click here.

Senate panel ban seen as double standard
2010-12-19, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/18/AR20101218035...

Gordon R. England's appointment to a top Pentagon post in 2006 came at a high price. The Senate committee overseeing his confirmation demanded that he give up lucrative stocks and options he held in companies that do business with the military. England said he took a big hit on his taxes and lost out on more than $1 million in potential profits that year when he divested himself of interests in companies that included General Dynamics. If he had been a senator, he would not have had to sell anything. The Senate Armed Services Committee prohibits its staff and presidential appointees requiring Senate confirmation from owning stocks or bonds in 48,096 companies that have Defense Department contracts. But the senators who sit on the influential panel are allowed to own any assets they want. And they have owned millions in interests in these firms. The committee's prohibition is designed to prevent high-ranking Pentagon officials from using inside information to enrich themselves or members of their immediate family. But panel members have access to much of the same inside information, because they receive classified briefings from high-ranking defense officials about policy, contracts and plans for combat strategies and weapons systems. "I think Congress should live by the rules they impose on other people," said England, who served as deputy defense secretary under George W. Bush until 2009.

Note: Congress is amost always exempt from it's own rules, as further described in this powerful Time magazine article. This is one major source of rampant corruption in US government. For more on government corruption, click here.

ACLU lawsuit: Military won't release rape records
2010-12-13, Boston Globe/Associated Press
http://www.boston.com/news/nation/articles/2010/12/13/aclu_lawsuit_military_w...

Sexual assault pervades the military, but the Pentagon refuses to release records that fully document the problem and how it is handled, the American Civil Liberties Union and other groups said in a federal lawsuit that seeks access to the records. Tens of thousands of service members have reported some form of sexual assault, harassment or trauma in the past decade, according to the lawsuit filed [on December 13] in New Haven against the departments of Defense and Veterans Affairs. "The government's refusal to even take the first step of providing comprehensive and accurate information about the sexual trauma inflicted upon our women and men in uniform ... is all too telling," said Anuradha Bhagwati, a former Marine captain. The government prosecutes 8 percent of military sex offenders, while 40 percent of civilian sex offenders are prosecuted. The lawsuit contends sexual assaults are nearly twice as common within military ranks as in civilian society, and surveys show that nearly one in three women report being sexually assaulted during their time in the military. About 80 percent of unwanted or threatening sexual acts are not reported, according to the lawsuit. Victims who report abuse to their superiors often face social isolation, retribution and counteraccusations, the lawsuit says.

Note: Sexual abuse in the military is much more pervasive than most people would think. For some shocking revelations by the wife of a US Marine Corps colonel's wife, Kay Griggs, click here and here.

Brooksley Born foresaw disaster but was silenced
2010-12-05, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/12/05/BUHC1GLHFA.DTL

There's a brief scene in "Inside Job," the locally produced documentary on the Great Financial Meltdown, in which a colleague of the head of the Commodity Futures Trading Commission in 1997 describes how "blood drained from her face" after receiving a phoned-in tongue-lashing from deputy Treasury Secretary Larry Summers. The target of Summers' wrath was Brooksley Born, ... the first female president of the Stanford Law Review and a recognized legal expert in the area of complex financial instruments. Her crime: Born had the temerity to push for regulation of the increasingly wild trading in derivatives, which, as we learned a decade later, helped bring the U.S. economy, and much of the world's, to its knees. Summers, with 13 bankers in his office, told Born to get off it "in a very grueling fashion," said the colleague. The story is told in much more detail in All the Devils are Here, the latest, but eminently worthwhile, book on the roots of the crisis, by Bethany McLean and ... Joe Nocera. It makes for dispiriting, even appalling, reading. Responding to growing evidence of manipulation and fraud in unregulated derivatives trading - "the hippopotamus under the rug," as Born and others referred to it - Born suggested the commission should perhaps be given some sort of oversight. She had a 33-page policy paper drawn up, full of questions and suggestions, like, for example, whether establishing a public exchange for derivatives might not be a bad idea. Responding to the policy paper, Summers, "screaming at her," according to the book, told Born the bankers sitting in his office "threatened to move their derivatives business to London," if she didn't stop.

Note: For key reports on financial fraud from reliable sources, click here.

Senator Bernie Sanders on the War Between the Shrinking Middle Class and the Wealthy
2010-11-30, U.S. Senate Testimony
http://sanders.senate.gov/newsroom/news/?id=c8f26b05-01e7-429f-a5e0-a9a6bd1a0f40

Mr. SANDERS. Mr. President, there is a war going on in this country, and I am not referring to the wars in Iraq or Afghanistan. I am talking about a war being waged by some of the wealthiest and most powerful people in this country against the working families of the United States of America, against the disappearing and shrinking middle class of our country. The reality is, many of the Nation's billionaires are on the warpath. They want more, more, more. Their greed has no end, and apparently there is very little concern for our country or for the people of this country if it gets in the way of the accumulation of more and more wealth and more and more power. The percentage of income going to the top 1 percent has nearly tripled since the 1970s. In the mid-1970s, the top 1 percent earned about 8 percent of all income. In the 1980s, that figure jumped to 14 percent. In the late 1990s, that 1 percent earned about 19 percent. And today, as the middle class collapses, the top 1 percent earns 23 1/2 percent of all income--more than the bottom 50 percent. Today, if you can believe it, the top one-tenth of 1 percent earns about 12 cents of every dollar earned in America.

Note: To see a video of this amazing speech by courageous Senator Bernie Sanders (Independent), click here.

Why does the FBI Orchestrate Fake Terror Plots?
2010-11-30, Global Research
http://www.globalresearch.ca/index.php?context=va&aid=22175

The latest one snared Osman Mohamud, a Somali-American teenager in Portland, Oregon. The Associated Press report by William Mall and Nedra Pickler (11-27-10) ... makes it clear that it was a plot orchestrated by federal agents. Two sentences into the news report we have this: "The bomb was an elaborate fake supplied by the [FBI] agents and the public was never in danger, authorities said." The teenager was supplied with a fake bomb and a fake detonator. Documents released by US Attorney Dwight Holton "show the sting operation began in June." Obviously, the targeted Portland teenager was not hot to trot. The FBI had to work on him for six months. The reporters compare "the Portland sting" to the recent arrest in Virginia of Faroque Ahmed who was ensnared in a "bombing plot that was a ruse conducted over the past six months by federal officials." Think about this. The FBI did a year's work in order to convince two people to participate in fake plots. When the US government has to go to such lengths to create "terrorists" out of hapless people, an undeclared agenda is being served. What could this agenda be? The answer is many agendas. One agenda is to justify wars of aggression that are war crimes under the Nuremberg standard created by the US government itself. Another agenda is to create a police state. A police state can control people who object to their impoverishment for the benefit of the superrich much more easily than can a democracy endowed with constitutional civil liberties. Another agenda is to get rich. Terror plots, whether real or orchestrated, have created a market for security.

Note: Though the source of this article is not considered major media, the writer, Paul Craig Roberts, served as an Assistant Secretary of the Treasury in the Reagan administration, earning fame as a co-founder of Reaganomics. He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps-Howard News Service. Roberts has been a critic of both Democratic and Republican administrations.

Winning the Class War
2010-11-27, The New York Times
http://www.nytimes.com/2010/11/27/opinion/27herbert.html

The class war that no one wants to talk about continues unabated. Even as millions of out-of-work and otherwise struggling Americans are tightening their belts for the holidays, the nation’s elite are lacing up their dancing shoes and partying like royalty as the millions and billions keep rolling in. Recessions are for the little people, not for the corporate chiefs and the titans of Wall Street who are at the heart of the American aristocracy. They have waged economic warfare against everybody else and are winning big time. The ranks of the poor may be swelling and families forced out of their foreclosed homes may be enduring a nightmarish holiday season, but American companies have just experienced their most profitable quarter ever. The corporate fat cats are becoming alarmingly rotund. Their profits have surged over the past seven quarters at a pace that is among the fastest ever seen, and they can barely contain their glee. On the same day that The Times ran its article about [record corporate] profits, it ran a piece on the front page that carried the headline: “With a Swagger, Wallets Out, Wall Street Dares to Celebrate.” Anyone who thinks there is something beneficial in this vast disconnect between the fortunes of the American elite and those of the struggling masses is just silly. It’s not even good for the elite. The rich may think that the public won’t ever turn against them. But to hold that belief, you have to ignore the turbulent history of the 1930s.

Note: For many reports from reliable souces on corporate profiteering, click here.

previous

...34353637383940414243...

next

· entire list