CNN: Guilty Bankers Should Clean Toilets, Official Report: Fukushima Meltdowns Man-Made
Revealing News Articles
July 10, 2012
Below are key excerpts of important news articles on CNN's call for guilty bankers to clean toilets, the official Japanese report finding that the nuclear reactor meltdowns at Fukushima were 'man-made,' 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. The most important sentences are highlighted. And don't miss the "What you can do" box below the summaries. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.
Special note: For what may be the most convincing video yet that the official story of 9/11 is fatally flawed, see the 15-minute piece on WTC 7 by Architects and Engineers for 9/11 Truth at this link. For an 8-minute RT video that lays bare the gross manipulations of Monsanto, click here. For a carefully researched examination of the lies and manipulations around the 7/7 bombing in London, click here. For David Wilcock's most recent, intriguing report on what may be going on behind the scenes, click here. For an article on NY Times columnist's Paul Krugman's statement that a faked alien invasion would help our economy, click here.
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Guilty bankers should clean toilets
July 5, 2012, CNN
The Libor scandal has confirmed what many of us have known for some time: There is something smelly in the London financial world and the stench is now overwhelming. The Financial Services Authority report [made it] clear just how widespread, how blatant was the fixing of the benchmark interest rate Libor and Euribor by Barclays. Brazen is the only word for it. The emails and phone calls reveal that on dozens of occasions those who stood to gain by the decisions asked for favors (and got them) from those who helped set the interest rates. And all the time the world believed Libor was somehow a barometer of what banks were lending to each other. It wasn't. It was the rate at which a bank was prepared to corrupt the money markets for its own narrow, venal gain. It is the way the traders, the rate submitters -- everyone involved in this cesspit -- [were] running to do wrong which makes it so egregious. With one or two feeble exceptions, no one ever seemed to stop and say "this is against the rules." Or, heaven forbid, "this is wrong." I have no doubt that Barclays wasn't the only one up to this. The FSA report makes it clear that other traders were putting pressure on their rate setters too. Libor and its cousin Euribor are the rates used to determine hundreds of trillions of dollars worth of highly specialized financial contracts called derivatives. Businesses and household loans are set by this benchmark. It is the backbone of the financial world and now it has been proven to be bent and crooked.
Note: For an incredibly incisive interview between Eliot Spitzer, Matt Taibbi, and a top banking expert on how the LIBOR scandal undermines the integrity of all banking, click here. For astounding news on the $700 trillion derivatives bubble, click here. For a treasure trove of reliable reports on the criminality and corruption within the financial and banking industries, click here.
Libor scandal: How I manipulated the bank borrowing rate
July 1, 2012, The Telegraph (One of the UK's leading newspapers)
An anonymous insider from one of Britain's biggest lenders ... explains how he and his colleagues helped manipulate the UK's bank borrowing rate. Neither the insider nor the bank can be identified for legal reasons. It was during a weekly economic briefing at the bank in early 2008 that I first heard the phrase. A sterling swaps trader told the assembled economists and managers that "Libor was dislocated with itself". What the trader told us was that the bank could not be seen to be borrowing at high rates, so we were putting in low Libor submissions, the same as everyone. How could we do that? Easy. The British Bankers' Association, which compiled Libor, asked for a rate submission but there were no checks. The trader said there was a general acceptance that you lowered the price a few basis points each day. According to the trader, "everyone knew" and "everyone was doing it". There was no implication of illegality. After all, there were 20 to 30 people in the room – from management to economists, structuring teams to salespeople – and more on the teleconference dial-in from across the country. The discussion was so open the behaviour seemed above board. In no sense was this a clandestine gathering. Libor had dislocated with itself for a very good reason – to hide the true issues within the bank.
Note: For an incredibly incisive interview between Eliot Spitzer, Matt Taibbi, and a top banking expert on how the LIBOR scandal undermines the integrity of all banking, click here. For a treasure trove of reliable reports on the criminality and corruption within the financial and banking industries, click here.
Wall Street banks angling for Dodd-Frank loophole
June 30, 2012, San Francisco Chronicle (San Francisco's leading newspaper)
Wall Street has already watered down or delayed most of Dodd-Frank [financial reform act]. Now it wants to create a giant loophole, exempting its foreign branches from the law. Yet the overseas branches of Wall Street banks are where the banks have done some of their wilder betting. Four years ago, bad bets by American International Group's London office nearly unraveled the U.S. financial system. When the Commodity Futures Trading Commission, the main regulator of derivatives (bets on bets), recently proposed extending Dodd-Frank to the foreign branches of Wall Street banks, the banks screamed. "If JPMorgan overseas operates under different rules than our foreign competitors," warned Jamie Dimon, chairman and CEO of JPMorgan, Wall Street will lose financial business to the banks of nations with fewer regulations, allowing "Deutsche Bank to make the better deal." This is the same Jamie Dimon who chose London as the place to make highly risky derivatives trades that have lost the firm upward of $2 billion so far - and could leave American taxpayers holding the bag if JPMorgan's exposure to tottering European banks gets much worse. JPMorgan's risky betting in London is added proof that unless the overseas operations of Wall Street banks are covered by U.S. regulations, giant banks will hide irresponsible bets overseas. Squadrons of Wall Street lawyers and lobbyists have been pressing all the agencies charged with implementing Dodd-Frank to go easy on the Street.
Note: The author of this article, Robert Reich, is former U.S. secretary of labor, professor of public policy at UC Berkeley and the author of Aftershock: The Next Economy and America's Future. He blogs at www.robertreich.org.
Lawmakers got loan deals from Countrywide
July 5, 2012, MSNBC/Associated Press
The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report. The report ... said the discounts – from January 1996 to June 2008 – were not only aimed at gaining influence for the company but to help mortgage giant Fannie Mae. Countrywide's business depended largely on Fannie, which ... was responsible for purchasing a large volume of Countrywide's subprime mortgages. "Documents and testimony obtained by the committee show the VIP loan program was a tool used by Countrywide to build goodwill with lawmakers and other individuals positioned to benefit the company," the report said. "In the years that led up to the 2007 housing market decline, Countrywide VIPs were positioned to affect dozens of pieces of legislation that would have reformed Fannie" and its rival Freddie Mac, the committee said. The Justice Department has not prosecuted any Countrywide official, but the House committee's report said documents and testimony show that Mozilo and company lobbyists "may have skirted the federal bribery statute by keeping conversations about discounts and other forms of preferential treatment internal. Rather than making quid pro quo arrangements with lawmakers and staff, Countrywide used the VIP loan program to cast a wide net of influence."
Note: For a treasure trove of reliable reports on the criminality and corruption within the financial and banking industries, click here.
Inquiry Declares Fukushima Crisis a Man-Made Disaster
July 5, 2012, CNBC/New York Times
The nuclear accident at Fukushima was a preventable disaster rooted in government-industry collusion and the worst conformist conventions of Japanese culture, a parliamentary inquiry [has] concluded. The report, released by the Fukushima Nuclear Accident Independent Investigation Commission, challenged some of the main story lines that the government and the operator of the Fukushima Daiichi Nuclear Power Plant have put forward. Most notably, the report said the plant's crucial cooling systems might have been damaged in the earthquake on March 11, 2011, not only in the ensuing tsunami. That possibility raises doubts about the safety of all the quake-prone country's nuclear plants just as they begin to restart after a pause ordered in the wake of the Fukushima crisis. "It was a profoundly man-made disaster – that could and should have been foreseen and prevented," said Kiyoshi Kurokawa, the commission's chairman, in the report's introduction. "And its effects could have been mitigated by a more effective human response." The 641-page report criticized Tepco as being too quick to dismiss earthquake damage as a cause of the fuel meltdowns at three of the plant's six reactors, which overheated when the site lost power. Tepco has contended that the plant withstood the earthquake that rocked eastern Japan, instead placing blame for the disaster on what some experts have called a "once in a millennium" tsunami that followed.
Note: For lots more from reliable major media articles on corruption in the nuclear power industry, click here.
German spy chief quits in neo-Nazi files scandal
July 2, 2012, MSNBC/Reuters
The head of Germany's domestic intelligence service resigned on [July 2] after admitting that his agency had shredded files on a neo-Nazi cell whose killing spree targeting immigrants rocked the country late last year. Heinz Fromm's resignation is the latest in a series of embarrassing setbacks for Germany's security services over their handling of the "National Socialist Underground" (NSU), which went undetected for more than a decade despite its murder of 10 people, mostly ethnic Turkish immigrants. German lawmakers said there was no suggestion that Fromm had ordered the destruction of the files but that he was taking responsibility for others' failures. German media have said an official working in the intelligence agency is suspected of having destroyed files on an operation to recruit far-right informants just one day after the involvement of the NSU in the murders became public. Fromm told the Spiegel weekly that the shredding of files in the case had done "grave damage to the reputation" of his agency, known in Germany as the Federal Office for the Protection of the Constitution. Germans, burdened by their Nazi past, were mortified by last year's news that three neo-Nazis had been behind the killings of eight ethnic Turks, an ethnic Greek and a police officer in a period running from 2000 to 2007. The NSU cell's culpability only came to light after two of the neo-Nazis committed suicide following a botched bank robbery last autumn.
Note: For insightful reports from reliable major media articles on the dark operations of intelligence agencies, click here.
A court of, by and for the 1%
July 3, 2012, Washington Post
Nearly 70 percent of voters think super PACs should be outlawed, and more than half "strongly" do. We can hardly believe that the billionaire brothers David and Charles Koch will spend more this year than John McCain's entire presidential campaign raised in 2008. We can't stand the constant flood of negative ads on every channel or the ominous anonymity of the interests behind them. The Roberts Court sees all this and refuses to acknowledge that it "give[s] rise to corruption or the appearance of corruption." Fortunately, if on the question of campaign finance the Supreme Court is immune to the court of public opinion, progressives are fighting through other avenues to transform today's corrupt system into one that is fair, transparent and participatory. In [the] state of New York, Attorney General Eric Schneiderman has launched a path-breaking investigation of tax-exempt groups that might be fraudulently funneling funds into politics, including a "charitable foundation" affiliated with the U.S. Chamber of Commerce. Meanwhile, New York Gov. Andrew Cuomo is partnering with Protect Our Democracy ... to apply the same successful, grass-roots pressure they used in getting same-sex marriage passed to our campaign finance system. They have joined with citizen activists who are looking to New York City's successful, multiple-match public financing system. A Brennan Center for Justice study showed that this system promoted diversity among candidates and donors and reduced the influence of corporate money.
Note: For key reports from major media sources on problems with US elections, click here.
We were wrong on peak oil. There's enough to fry us all
July 2, 2012, The Guardian (One of the UK's leading newspapers)
For the past 10 years an unlikely coalition of geologists, oil drillers, bankers, military strategists and environmentalists has been warning that peak oil – the decline of global supplies – is just around the corner. We had some strong reasons for doing so: production had slowed, the price had risen sharply, depletion was widespread and appeared to be escalating. The first of the great resource crunches seemed about to strike. Some of us made vague predictions, others were more specific. In all cases we were wrong. Peak oil hasn't happened, and it's unlikely to happen for a very long time. ["Oil - The Next Revolution"] by the oil executive Leonardo Maugeri, published by Harvard University, provides compelling evidence that a new oil boom has begun. The constraints on oil supply over the past 10 years appear to have had more to do with money than geology. The low prices before 2003 had discouraged investors from developing difficult fields. The high prices of the past few years have changed that. Maugeri's analysis of projects in 23 countries suggests that global oil supplies are likely to rise by a net 17m barrels per day (to 110m) by 2020. This, he says, is "the largest potential addition to the world's oil supply capacity since the 1980s". The investments required to make this boom happen depend on a long-term price of $70 a barrel – the current cost of Brent crude is $95. Money is now flooding into new oil: a trillion dollars has been spent in the past two years; a record $600bn is lined up for 2012.
What is the Trans-Pacific Partnership?
June 20, 2012, CBC News (Canada's public broadcasting system)
The Trans-Pacific Partnership (TPP) may soon be an acronym as recognizable as NAFTA – but this free trade venture could have much more economic strength and impact than its North American predecessor. The Trans-Pacific Partnership is a free trade deal aimed at further expanding the flow of goods, services and capital across borders. Its four founding members – New Zealand, Chile, Singapore and Brunei – soon caught the attention of five other nations: the United States, Australia, Peru, Vietnam and Malaysia, who joined in 2008. The nine partners currently have a combined GDP of more than $17 trillion. Canada and Mexico are now being considered for membership, subject to the approval of the nine countries already involved. Add to this the possibility that Japan could join the TPP, despite mounting protests in that country, and the economic and political traction of the group increases. In fact, the TPP could become the world's largest free-trade zone. "It's really a trade agreement for the one per cent and their corporate interests," said Maude Barlow, the National Chairperson of the Council of Canadians, which opposed and continues to criticize NAFTA. "This is not going to be a good deal for Canadians."
Note: A later Toronto Star article reveals that the agreements of the TPP are secret.
Attorneys for RFK convicted killer Sirhan push 'second gunman' argument
March 12, 2012, CNN
If there was a second gunman in Sen. Robert F. Kennedy's assassination, who was it? Lawyers for convicted assassin Sirhan Sirhan claim their client did not fire any of the gunshots that struck the presidential candidate in 1968. And in their latest federal court filing, they also rule out another man some have considered a suspect -- a private security guard named Thane Eugene Cesar, who was escorting Kennedy at the time he was shot. Attorneys William Pepper and Laurie Dusek insist someone other than their client, Sirhan, fatally shot Kennedy. They now say the real killer was not Cesar, a part-time uniformed officer long suspected by some conspiracy theorists of playing a sinister role in the senator's murder. Pepper and Dusek made the claim in papers submitted to a U.S. District Court in Los Angeles late last month. Pepper and Dusek are trying to win Sirhan immediate freedom or a new trial based on what they call "formidable evidence" of his innocence and "horrendous violations" of his rights. The New York attorneys argue that two guns were fired in the assassination, that Sirhan's revolver was not the gun that shot Kennedy and that Sirhan was not responsible for his actions at the Ambassador. Instead, the defense lawyers insist conspirators programmed Sirhan through hypnosis to fire shots as a diversion for the real assassin in Kennedy's murder.
Note: To watch a CNN video clip of this news, click here. For powerful, verifiable evidence that the CIA was creating Manchurian Candidates who would assassinate people without even realizing what they were doing, click here.
'James X', blazing indictment of child abuse
December 12, 2011, Boston Globe/Associated Press
Gerard Mannix Flynn's blazing indictment of the nationwide, decades-long abuse of institutionalized schoolchildren in Ireland, titled "James X," is remarkable and should not be missed. He lays bare the soul of a middle-aged adult, James O'Neill, who spent the bulk of his childhood being abused by every state-sponsored, often Roman Catholic-run institution to which he was sent, initially at age 6 for not attending school. From there, uncaring judges repeatedly sent him to increasingly harsh, punitive institutions without caring what happened to him. The shocking true story ... has the tragically familiar ring of current U.S. headlines about trusted school authorities charged with sexually abusing boys in their care for decades. The willful blindness of Irish officials and society at large, unwilling to confront the church that rules their lives, is even more appalling. With great physical and emotional artistry, Flynn enacts James' attempts to reclaim his own story by telling it for the first time, hoping to release his own soul with the truth at last. Many of the nuns, Christian brothers and priests, psychiatrists and jailers who dealt with him over the years either neglected or abused him harshly, as they did with the other children. He was tortured physically, sexually and emotionally, even deemed "criminally insane" at one point, and beaten so badly by one Christian brother that he required surgery.
Note: Hopefully this important play will be made into a movie. For important revelations from reliable major media news articles on institutional child abuse, click here. For a riveting Discover Channel documentary exposing a sophisticated child sex abuse ring which leads to he highest levels of government, click here.
Meet the UFO Chasers: James Fox, UFOlogist
June 26, 2012, NationalGeographic.com blog
For nearly 20 years, [documentarian James] Fox traveled across the world in pursuit of the truth regarding UFOs. He directed and produced three films on the subject and in 2007 orchestrated an event, with help from journalist Leslie Kean (Coalition for Freedom of Information), which to this day is hailed as the most credible civilian effort of disclosure on UFOs in history. Fox assembled 14 speakers, including two retired generals and several other military officers, a former governor, civilian pilots and government scientists from seven countries (Belgium, Chile, France, Iran, Peru, U.K. and the U.S.) at the National Press Club in Washington, D.C., to give firsthand testimonies on their encounters/investigations with UFOs. He is convinced not only that UFOs are real, but that governments have concealed information on this subject from the public for more than 60 years. For the first time ever, Fox takes his personal experiences, contacts and expertise on the road with National Geographic Channel's new series, Chasing UFOs. His nonthreatening conversational style of interviewing, open mind and unbiased reputation have given him unfettered access to witnesses, government documents and cases from around the world. If Fox doesn't know a case, he's friends with someone who does. James Fox firmly believes the truth is out there, and it's a personal journey for him to share the facts with the world.
Note: For what may be James Fox's best documentary on UFOs, watch the incredibly well-produced Out of the Blue, available at this link. For reliable information on UFOs check out our UFO Information Center.
Grass linked to Texas cattle deaths
June 23, 2012, CBS News
A mysterious mass death of a herd of cattle has prompted a federal investigation in Central Texas. Preliminary test results are blaming the deaths on the grass the cows were eating when they got sick. The cows dropped dead several weeks ago on an 80-acre ranch owned by Jerry Abel in Elgin, just east of Austin. Abel says he's been using the fields for cattle grazing and hay for 15 years. "A lot of leaf, it's good grass, tested high for protein - it should have been perfect," he [said]. The grass is a hybrid form of Bermuda known as Tifton 85 which has been growing here for 15 years, feeding Abel's 18 head of Corriente cattle. Preliminary tests revealed the Tifton 85 grass, which has been here for years, had suddenly started producing cyanide gas, poisoning the cattle. Other farmers have tested their Tifton 85 grass, and several in Bastrop County have found their fields are also toxic with cyanide.
Looking For 10% Yields? Go Online For Peer To Peer Lending
June 6, 2012, Forbes Magazine
Today a tidal wave of aging boomers want income, but traditional sources are lacking. But there's [a] source of high yield that relatively few consider. Peer-to-peer lending, or making personal loans via the Internet using websites like LendingClub.com and Prosper.com. After six years of experience and some bumps, including a financial crisis and ensuing recession, peer-to-peer (P2P) lending has finally earned its place on an income investor's menu. The basic premise of these bank disintermediaries is that they harness the networking power of the Web to match people who have excess cash with people in need of it or those who simply want to refinance credit card debt. The key to its success has been how the sites have managed the inherent riskiness of unsecured personal loans. Believe it or not, it is now possible to earn yields of 6% or more, making relatively safe loans to complete strangers. San Francisco's Lending Club is the largest P2P lender, followed by its crosstown rival Prosper. Lending Club and Prosper have loaned a total of more than $1 billion since inception, in 112,000 loans. Lending Club currently issues about $45 million in loans a month versus Prosper's $13 million per month. Of course defaults happen. Lending Club's top-rated three-year loans expect a default rate of around 1.4%, and the riskiest loans, offering rates as high as 25%, have a 9.8% default rate.
Note: A 1.4 default rate is much lower than that of the average bank. For those who want to borrow or loan money free of the banks with excellent rates, check out www.lendingclub.com and www.prosper.com.
India to give free generic drugs to hundreds of millions
July 5, 2012, Fox News
India has put in place a $5.4 billion policy to provide free medicine to its people, a decision that could change the lives of hundreds of millions, but a ban on branded drugs stands to cut Big Pharma out of the windfall. From city hospitals to tiny rural clinics, India's public doctors will soon be able to prescribe free generic drugs to all comers, vastly expanding access to medicine in a country where public spending on health was just $4.50 per person last year. Under the plan, doctors will be limited to a generics-only drug list and face punishment for prescribing branded medicines, a major disadvantage for pharmaceutical giants in one of the world's fastest-growing drug markets. The initiative would overhaul a system where healthcare is often a luxury and private clinics account for four times as much spending as state hospitals, despite 40 percent of the people living below the poverty line, or $1.25 a day or less. Within five years, up to half of India's 1.2 billion people are likely to take advantage of the scheme, the government says. "The policy of the government is to promote greater and rational use of generic medicines that are of standard quality," said L.C. Goyal, additional secretary at India's Ministry of Health and Family Welfare and a key proponent of the policy. "They are much, much cheaper than the branded ones."
Plum Organics offers healthy food for kids
July 2, 2012, San Francisco Chronicle (San Francisco's leading newspaper)
Some might call Neil Grimmer and his wife Tana Johnson picky eaters. For more than a decade, Grimmer, a triathlete, didn't eat meat or dairy while Johnson followed a macrobiotic diet, made up mostly of whole grains and vegetables. So when the couple became parents about nine years ago, they sought to feed their children healthy foods. Trouble was, they couldn't find snacks that were healthy, yet easy to pack and appealing to their kids. That's how the Nest Collective, now known as Plum Organics, was born. [The] startup makes baby food and toddler and kids' snacks such as pouches of pureed blueberry oats and quinoa for babies and squeezable oatmeal for older children. Plum Organics is also addressing increasing concerns about childhood obesity and parents looking for alternative, easy-to-pack snacks. In what turned out to be a momentous decision, the company moved away from the traditional plastic or glass jar and began offering baby food in the form of the squeezable pouch already popular with older children. The company took off from there. The benefit of the pouch is that it allows the food to be cooked more gently so that the flavors are richer, said Grimmer. The packaging also takes up less space in landfills and is easier to transport.
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