Financial Bailout Now Trillions, Oil Speculation to be Regulated, 9/11-Truth Milestone
Revealing News Articles
November 28, 2008
Below are key excerpts of important news articles you may have missed. These articles include revealing information on the US financial bailout now reaching many trillions of dollars, plans in Congress to regulate oil speculation, Publishers Weekly's milestone recognition of the superlative quality of David Ray Griffin's recent 9/11-truth book, and more. Each excerpt is taken verbatim from the major media website listed at the link provided. If any link fails to function, click here. Key sentences are highlighted for those with limited time. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.
Note: We are very excited to have a powerful new version of our free, highly praised Internet course now available online at https://www.insightcourse.net. The mind-and-heart expanding Insight Course takes the very best of WantToKnow.info and combines it with some of the most inspiring materials on the Internet to provide a full, rich picture of all that is happening in our world with lots of practical ideas on how we can use this information to build a brighter future for us all. It may be particularly useful for opening the eyes of your friends who aren't aware of or are skeptical of all the major cover-ups. We invite you to take a look and join us on this monumental journey.
Financial Bailout Balloons to the Trillions
November 25, 2008, ABC News
The government's financial bailout will be the most expensive single expenditure in American history, potentially costing around $7.5 trillion -- or half the value of all the goods and services produced in the United States last year. In comparison, the total U.S. cost of World War II adjusted for inflation was $3.6 trillion. The bailout will cost more than the total combined costs in today's dollars of the Marshall Plan, the Louisiana Purchase, the Korean War, the Vietnam War and the entire historical budget of NASA, including the moon landing, according to data compiled by Bianco Research. It remains to be seen whether the government's multipronged approach to bail out banks, stimulate spending and buy up mortgages will revive the economy, but as the tab continues to grow so does concern over where the government will find the money. Monday the government guaranteed an additional $306 billion to bail out Citigroup, and today Treasury Secretary Henry Paulson pledged $800 billion to make credit more available to consumers and small businesses, and to buy up mortgages from Fannie Mae and Freddie Mac. Congress last month allocated $700 billion for an emergency bailout of some of Wall Street's most storied firms by purchasing their troubled assets. The funds allocated through the Troubled Assets Relief Program are but a small part of the government's overall bailout spending. Bailout programs also include a Federal Reserve plan to buy as much as $2.4 trillion in short-term notes called commercial paper that began Oct. 27, and an FDIC plan to spend $1.4 trillion to guarantee bank-to-bank loans that commenced Oct. 14, according to Bloomberg News, which first compiled the total cost of the bailout.
Note: $7.5 trillion amounts to about $25,000 for every person in the U.S. What's going on here? For many revealing reports on the realities of the Wall Street bailout, click here.
Legislators taking hard look at oil trading
November 26, 2008, San Francisco Chronicle (San Francisco's leading newspaper)
For a few months this summer, the oil market speculator ... helped push oil prices steadily higher, shattering records that had lasted for decades. As oil topped $145 per barrel, Congress started looking for ways to rein the speculators in. Then oil prices plunged, and interest in the issue fizzled. But that may soon change. "This will remain an issue," said Sen. Byron Dorgan, D-N.D., who introduced oil market legislation this year. "Because when the price of oil has gone from $50 to $147 and back, it's clear to me and everyone else that this has nothing to do with supply and demand. It has to do with speculation." Among possible changes, Congress may try to assert more authority over unregulated oil swaps that don't take place on any formal market. Many factors helped shove prices higher, including the growth of China's economy and the decline of the American dollar. But oil kept rising even as gasoline sales fell in the United States, the world's largest oil consumer. That wouldn't have happened if supply and demand really were driving the market, many analysts say. "The entire move from $70 (per barrel) to $147 was people fleeing the dollar and looking at oil as an asset class," said Amy Myers Jaffe, an energy research fellow at Rice University's Baker Institute. "It was speculators, so when they exited the market, we went right back to $70." Speculators are investors who trade in oil or other commodities strictly as a financial investment. They include hedge funds and investment banks as well as retirement funds.
Note: For lots more reports on corporate corruption from reliable sources, click here.
Web Pick of the Week: The New Pearl Harbor Revisited
November 24, 2008, Publishers Weekly
Author and professor [David Ray] Griffin ... knows his work is referred to by officials and the media as conspiracy theory, and he has a rebuttal: "the official theory is itself a conspiracy theory." In [The New Pearl Harbor Revisited: 9/11, the Cover-Up, and the Exposé, a] companion volume to 2004's The New Pearl Harbor: Disturbing Questions About the Bush Administration and 9/11, Griffin provides corrections, raises new issues and discusses "the two most important official reports about 9/11," the 9/11 Commission Report and the National Institute of Standards and Technology report on the Twin Towers, both "prepared by people highly responsive to the wishes of the White House" and riddled with "omission and distortion from beginning to end." Griffin addresses many points in exhaustive detail, from the physical impossibility of the official explanation of the towers' collapse to the Commission 's failure to scrutinize the administration to the NIST's contradiction of its own scientists to the scads of eyewitness and scientific testimony in direct opposition to official claims. Citing hundreds, if not thousands, of sources, Griffin's detailed analysis is far from reactionary or delusional, building a case that, though not conclusive, raises enough valid and disturbing questions to make his call for a new investigation more convincing than ever.
Note: Publishers Weekly reviews have guided the book trade, including booksellers, publishers, librarians, and literary agents, for 136 years. "Pick of the Week" sets the standard for the best of the best new books. This recognition by such a prestigious journal shows the remarkable quality of the 9/11-truth work of WantToKnow.info team member David Ray Griffin. To read about all his 9/11 books, click here.
Study Suggests Some Cancers May Go Away
November 25, 2008, New York Times
Cancer researchers have known for years that it was possible in rare cases for some cancers to go away on their own. There were occasional instances of melanomas and kidney cancers that just vanished. And neuroblastoma, a very rare childhood tumor, can go away without treatment. But these were mostly seen as oddities – an unusual pediatric cancer that might not bear on common cancers of adults, a smattering of case reports of spontaneous cures. And since almost every cancer that is detected is treated, it seemed impossible even to ask what would happen if cancers were left alone. Now, though, researchers say they have found a situation in Norway that has let them ask that question about breast cancer. And their new study, to be published Tuesday in The Archives of Internal Medicine, suggests that even invasive cancers may sometimes go away without treatment and in larger numbers than anyone ever believed. Robert M. Kaplan, the chairman of the department of health services at the School of Public Health at the University of California, Los Angeles, [is] persuaded by the analysis. The implications are potentially enormous, Dr. Kaplan said. If the results are replicated, he said, it could eventually be possible for some women to opt for so-called watchful waiting, monitoring a tumor in their breast to see whether it grows. "People have never thought that way about breast cancer," he added. Dr. Kaplan and his colleague, Dr. Franz Porzsolt, an oncologist at the University of Ulm, said in an editorial that accompanied the study, "If the spontaneous remission hypothesis is credible, it should cause a major re-evaluation in the approach to breast cancer research and treatment."
Note: For reports from major media sources on many hopeful new developments in the battle against cancer, click here.
Citigroup gets a monetary lifeline from feds
November 25, 2008, San Francisco Chronicle (San Francisco's leading newspaper)
The bailouts keep coming, and they seem to be getting worse for taxpayers. The deal worked out over the weekend to prevent the collapse of Citigroup "is a terrible deal for taxpayers," says Campbell Harvey, a Duke University global finance professor. "Some intervention was necessary. But the terms of the intervention basically shafted the U.S. taxpayer." Under the deal, the U.S. government will invest $20 billion in Citigroup preferred stock (on top of its previous $25 billion capital injection from the Troubled Asset Relief Program) and guarantee up to $306 billion in mortgage and other assets. Citigroup would absorb the first $29 billion in losses on that asset pool. Losses exceeding $29 billion would be shared 90 percent by the government and 10 percent by Citigroup. What do taxpayers get for taking on this risk? Citigroup will pay an 8 percent dividend on the preferred stock or $560 million a year. By comparison, when Warren Buffett's Berkshire Hathaway recently invested $5 billion in Goldman Sachs and $3 billion in General Electric, it got preferred stock that pays a 10 percent dividend. The government also gets warrants to purchase about $2.7 billion worth of Citigroup common stock at $10.61 per share. Citigroup's shares closed at $5.95 per share Monday, up $2.18 from Friday. For the warrants to become profitable, the common shares would have to nearly double.
Note: The answer to the question of what taxpayers get should be essentially nothing. Only Citigroup shareholders will see the benefits mentioned, and very few taxpayers are shareholders. Money is being thrown around like never before. For many revealing reports on the realities of the Wall Street bailout, click here.
U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit
November 24, 2008, Bloomberg News
The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the plan approved by lawmakers, the Treasury Department's $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis. When Congress approved the TARP on Oct. 3, Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson acknowledged the need for transparency and oversight. Now, as regulators commit far more money while refusing to disclose loan recipients or reveal the collateral they are taking in return, some Congress members are calling for the Fed to be reined in. "Whether it's lending or spending, it's tax dollars that are going out the window and we end up holding collateral we don't know anything about," said Congressman Scott Garrett, a New Jersey Republican who serves on the House Financial Services Committee. "The time has come that we consider what sort of limitations we should be placing on the Fed so that authority returns to elected officials as opposed to appointed ones."
Note: How is it possible that trillions of taxpayer dollars are being thrown around, yet Congress is not being told where the money is going? For revealing information on how the Fed manipulates government, click here.
The 30 greatest conspiracy theories
November 19, 2008, The Telegraph (One of the U.K.'s leading newspapers)
From the assassination of John F Kennedy to the death of Diana, Princess of Wales. From Roswell, New Mexico, to Nasa's moon landings. From the bloodline of Christ to the death of Elvis Presley. From the Moscow appartment bombings to the Indian Ocean tsunami. From Pearl Harbour to Peak Oil, the Philadelphia experiment and Pan Am flight 103. Every major event of the last 2,000 years has prompted a conspiracy theory and here we examine those with the biggest followings and the most longevity. 1. September 11, 2001. Thanks to the power of the web and live broadcasts on television, the ... theories surrounding the events of 9/11 ... have surpassed those of Roswell and JFK in traction. The [alternative] theories continue to grow in strength. At the milder end of the spectrum are the theorists who believe that the US government had prior warning of the attacks but did not do enough to stop them. Others believe that the Bush administration deliberately turned a blind eye to those warnings because it wanted a pretext to launch wars in the Middle East to usher in another century of American hegemony. A large group of people - collectively called the 9/11 Truth Movement - cite evidence that an airliner did not hit the Pentagon and that the World Trade Centre could not have been brought down by airliner impacts and burning aviation fuel alone. Many witnesses - including firemen, policemen and people who were inside the towers at the time - claim to have heard explosions below the aircraft impacts (including in basement levels) and before both the collapses and the attacks themselves.
Note: For a concise two-page summary of many unanswered questions about what really happened on 9/11, click here.
Man helps coffee farmers blossom
November 20, 2008, San Francisco Chronicle (San Francisco's leading newspaper)
Paul Rice stands at the edge of a dirt road, overlooking the volcanic peaks and adobe homes of this small Nicaraguan town near the border with Honduras. On a visit to the coffee-growing hills above San Lucas, Rice cultivated what would later become the American fair trade movement. Founded in 1998 in a converted warehouse in downtown Oakland, TransFair USA began as a bare-bones operation with an unusual premise - put more money in the pockets of farmers in the developing world by persuading consumers thousands of miles away to pay a premium in the name of social justice. Modeled after organic produce and dolphin-safe tuna, Rice started the organization with the stark black and white label that told shoppers their coffee came from farmers who received a "fair price." Ten years later, Rice and his family spend every July in Nicaragua, visiting family and friends and working on fair trade issues. In San Lucas, Rice huddled with Santiago Rivera, a 67-year-old cooperative coffee farmer he calls "the real Juan Valdez." Until the Sandinista Revolution in 1979, Rivera worked on a private coffee plantation making less than 50 cents a day. When the new government acquired the farm, Rivera and some 20 other farmers were given the land to work collectively. TransFair says it has generated some $110 million in extra income for small coffee farmers like Rivera. "The great thing about fair trade is that when the market price would fall, we'd have the guarantee of a decent price," Rivera said. "When it'd go up, we'd get more. The great thing is the stability."
Note: For those who are not aware of the paradigm-busting fair trade movement, consider educating yourself on this wonderful new way of doing business by clicking here.
Harnessing The Power Of The Brain
November 2, 2008, CBS News
Scott Mackler was a husband, father and successful neuroscientist when he received perhaps the worst news imaginable. At the age of 40, he could run a marathon in three and a half hours, but it was about that time he discovered he had ALS, Lou Gehrig's disease. His brain was losing its connection to virtually every muscle in his body. Today, Scott Mackler's mind is sharp as ever, but his body has failed. Doctors call it "locked in" syndrome. Scott and his wife Lynn learned to communicate with about the only thing he has left, eye movement. To signal "yes," Lynn says Scott looks at her; to signal "no," he looks away. [Yet Scott can now write] words, one letter at a time, with nothing but his thoughts and the help of what's called a brain computer interface or "BCI." He wears a cap that picks up the electrical activity of his brain and allows him to select letters simply by thinking about them. Then the computer turns his sentences into speech. "I hate being helpless and when other people put words in my mouth," he wrote. It isn't fast. It takes 20 seconds or so to select each letter. But he writes well enough to continue his research and manage his lab at the University of Pennsylvania, where he still goes to work everyday. Asked what it has meant to their relationship, Scott's wife Lynn tells Pelley, "Well, he's happier. He can communicate with not just us, but with the world. This gave him his independence. His working, intellectual, scientist independence back."
Dying Boy Makes Final Wish to Feed Homeless
November 24, 2008, ABC News
Just imagine what you might do if a doctor said you have only two weeks left to live. For 11-year-old Brenden Foster ... who was given that prognosis earlier this year after learning he was suffering from leukemia ... the answer was probably not what you'd expect. Instead of asking for an expensive toy or a fancy vacation, he decided to focus all his remaining energy on feeding the homeless. "They're probably starving, so give them a chance," he said. He was too weak to do it himself, but his determination caught on near his home in Seattle, where neighbors and residents launched a food drive. His story touched people so deeply that it spread, inspiring food drives from Los Angeles to Pensacola, Fla. In just two weeks, an 11-year-old boy, too sick to even work a paper route, has raised tens of thousands of dollars and brought in truckloads of donations to local food pantries. "When I told him he was dying, he cried," his mother recalled. "And he said, 'When I get to heaven I'm going to ask God why it had to be so soon because I had so much more I wanted to do.' Everything that he wanted to do was to help others and to benefit others." Foster, who devoted his final days to lifting others up, became bedridden. The kid who could once outrun any of his friends could no longer walk. Last week, Foster could hardly keep his eyes open, but he didn't waiver from his wish. "'Tis the season to give," he said. Foster lived long enough to see his dream come alive, before dying in his mother's arms Friday morning. "Follow your dreams, don't let anything stop you," Foster said.
Special note: CNN's American Morning show this week had some excellent information on the UFO cover-up. Click here to watch a four-minute clip from the program with an interview of astronaut Edgar Mitchell, the sixth man to walk on the moon, talking about his knowledge of the cover-up. And for an interesting 30-minute documentary explaining the big picture for the financial crisis in the U.S., click here.
Finding Balance: WantToKnow.info Inspiration Center
WantToKnow.info believes it is important to balance disturbing cover-up information with inspirational writings which call us to be all that we can be and to work together for positive change. For an abundance of uplifting material, please visit our Inspiration Center.
See our exceptional archive of revealing news articles.
www.momentoflove.org - Every person in the world has a heart
www.personalgrowthcourses.net - Dynamic online courses powerfully expand your horizons
www.WantToKnow.info - Reliable, verifiable information on major cover-ups
www.weboflove.org - Strengthening the Web of Love that interconnects us all
Subscribe here to the WantToKnow.info email list (two messages a week)
9/11-Truth Milestone, Financial Bailout in Trillions, Oil Speculation to be Regulated