Media ArticlesExcerpts of Key Media Articles in Major Media
Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
Luxembourg is a small country with big traffic jams. When Prime Minister Xavier Bettel was sworn in for a second term ... his governing coalition promised free mass transit for all, which would make the country the first to offer such a benefit. Luxembourg is barely larger than a city-state, with a population of about 560,000. But more than 180,000 workers commute across the border from Belgium, France and Germany. Luxembourg already has the highest number of cars for its population in the European Union: 662 for 1,000 people, bringing it closest in the region to the United States, a world leader with more than 800 cars per 1,000 people. The number of international commuters has doubled in the past two decades, rising more quickly than the country anticipated. This has caused the kind of congestion that is familiar to those who commute into many big cities. Luxembourg’s highways are packed with cars, and overcrowded trains often suffer delays. Some cities in Europe and elsewhere already offer free mass transit at certain times and to people like retirees or the unemployed. Others are considering widening the circle to all users. This year, Luxembourg budgeted nearly €900 million in public money for its mass transit system. Free mass transit will be available from the beginning of 2020, said Dany Frank, a spokeswoman for the Ministry of Mobility.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
California law enforcement pursued criminal charges against eight anti-fascist activists who were stabbed or beaten at a neo-Nazi rally while failing to prosecute anyone for the knife attacks against them. In addition to the decision not to charge white supremacists or others for stabbings at a far-right rally that left people with critical wounds, police also investigated 100 anti-fascist counter-protesters, recommending more than 500 total criminal charges against them, according to court filings. Meanwhile, for men investigated on the neo-Nazi side of a June 2016 brawl ... police recommended only five mostly minor charges. The documents have raised fresh questions about California police agencies’ handling of rightwing violence and extremism, renewing accusations that law enforcement officials have shielded neo-Nazis from prosecution while aggressively pursuing demonstrators with leftwing and anti-racist political views. The Guardian previously interviewed two victims who were injured, then pursued by police – Cedric O’Bannon, a black journalist and stabbing victim who ultimately was not charged, and Yvette Felarca, a well-known Berkeley activist whose case is moving forward. Previous records also revealed that police had worked with the neo-Nazi groups to target the anti-racist activists. The records disclosed this week provided new details about six other stabbing and beating victims who were treated as suspects by police after the rally ... which was organized by a neo-Nazi group.
If a slim, yellow envelope with a Rye, N.Y., return address lands in your mailbox this holiday season, don’t throw it out. It’s not junk. Some 1,300 such envelopes have been sent to New Yorkers around the state, containing the good news that R.I.P. Medical Debt, a New York-based nonprofit organization, has purchased their medical debt — and forgiven it. Last spring, Judith Jones and Carolyn Kenyon, both of Ithaca, N.Y., heard about R.I.P. Medical Debt, which purchases bundles of past-due medical bills and forgives them to help those in need. So the women decided to start a fund-raising campaign of their own to assist people with medical debt in New York. The women raised $12,500 and sent it to the debt-forgiveness charity, which then purchased a portfolio of $1.5 million of medical debts on their behalf, for about half a penny on the dollar. Many people take on extra jobs or hours to afford health care, and 11 percent of Americans have turned to charity for relief from medical debts, according to a 2016 poll. It has become increasingly easy for regular citizens to purchase bundles of past-due medical bills and forgive them because of the efforts of the debt-relief charity, which was founded in 2014 by two former debt collection industry executives, Craig Antico and Jerry Ashton. After realizing the crushing impact medical debts were having on millions of Americans, the men decided to flip their mind-set. They began purchasing portfolios of old debts to clear them as a public service, rather than try to hound the debtors.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Those with the gold make the rules. In an investigative series [the Miami Herald] documents the whitewash of an alleged global conspiracy to traffic underage girls for sexual exploitation. Though [the Herald] identified more than 80 likely victims, [Jeffrey Epstein] was allowed – under a furtive plea deal – to serve just 13 months in country-club conditions. Epstein, a fantastically wealthy creep, ran afoul of the Palm Beach police in 2005 after the parents of a 14-year-old girl reported that he paid their daughter to strip and massage his naked body while he pleasured himself. Investigators soon found evidence ... indicating that troubled girls by the dozens were recruited for molestation and rape. Epstein’s wealth – the origins of which are a bit murky – assembled an all-star team of defense lawyers, including Alan Dershowitz, the Harvard scholar. Left unresolved is whether Epstein’s extensive array of powerful friends may have helped him out, too. In the same “little black book” where he kept the names of underage girls around the world available for “massage,” Epstein also had contact information for Donald Trump, Bill Clinton, Michael R. Bloomberg, Prince Andrew, assorted Kennedys and so on. Some of Epstein’s accusers [have been silenced]. Silent, too, is Trump, who once claimed a 15-year acquaintance with Epstein, whom he described as “a lot of fun.” Trump noted Epstein’s interest in women “on the younger side.” And Clinton is uncharacteristically mute, though he used to spend so much time on Epstein’s private jet – dubbed “the Lolita Express” – that, if it were an airline, he’d have platinum status. Two of our past four presidents have been chummy with a registered sex offender. It makes you wonder.
Note: Read a great interview with Julie Brown, the intrepid reporter who broke the Epstein case. For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein from reliable major media sources. And watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US.
Jeffrey Epstein, a politically connected multimillionaire who molested dozens of underage girls — and is suspected of trafficking countless other girls around the world — issued a public apology Tuesday. It was not to the victims ... but to one of their lawyers. The apology came as a settlement was announced ... between Epstein, 65, and Fort Lauderdale attorney Bradley Edwards, who represents several of Epstein’s victims. Those victims, now in their late 20s and early 30s, had been scheduled to testify in the trial, which was about to get underway. The case only indirectly involved the abuse inflicted on Epstein’s victims and instead focused on a battle between Epstein and Edwards. The trial ended before it began, with a dramatic statement ... that Epstein admitted now he’d used the civil justice system “as a tool for extortion” in order to intimidate Edwards into abandoning his quest for justice for [Epstein’s] victims. Several of Epstein’s victims described how they felt intimidated and shamed into silence by both Epstein and the federal and state prosecutors. The women were deliberately kept in the dark. Prosecutors effectively sabotaged their case in order to help Epstein, whose friends included former President Bill Clinton, Donald Trump, Prince Andrew and actors, academics and world leaders. Edwards hoped to use the forum of the trial to allow sex abuse victims to tell their stories ... for the first time. But over the past several months, the judge had narrowed the scope of the case, prohibiting Edwards from producing evidence that Epstein had abused and trafficked hundreds of young girls between 1999 and 2006.
Note: Once again, the U.S. justice system bends the law to protect a convicted pedophile and the top leaders to whom he served young girls for sex. For more along these lines, see concise summaries of deeply revealing news articles on Epstein's child sex ring from reliable major media sources. Then explore other excellent, reliable news summaries on high level sex abuse scandals around the world.
A decade ago, a billionaire pedophile was able to use his wealth and connections to escape any semblance of a just punishment. The whole system shielded the billionaire from the gravity of his crimes. That its functionaries felt compelled to do so says a lot about our ruling elites. The basic story is this: Jeffrey Epstein is a billionaire financier. He is also a sexual pervert who, until about 12 years ago, preyed serially on teenage children, roughly until they reached the age of consent and became, in his eyes, unattractive. What did authorities do when they found out, back in 2005? They spent a couple of years investigating and drawing up an indictment, then proceeded to quash further investigation, cooperated with Epstein’s lawyers to avoid publicity, violated procedures about plea bargains, made Epstein serve only 13 months in confinement, put him in the county jail rather than state prison ... and concealed most of the terms of the settlement from the public and the victims themselves. Epstein’s enablers weren’t a handful of Palm Beach rogues. Instead, the higher up the chain you went, the more sympathetic to Epstein the players seem to become. Of Epstein’s associates who helped make his crimes possible, none were prosecuted, save one. That was a butler who tried to turn over a so-called “black book” documenting names and dates of Epstein’s escapades to a lawyer for the victims in exchange for $50,000. For this, the butler wound up serving an 18-month sentence, longer than that of his boss.
Note: Epstein's butler feared for his life and ended up dead before he could reveal his secrets. Both Trump and Bill Clinton were good friends of Epstein, as described in this revealing article from Miami's leading newspaper. Learn about how the Miami Herald broke this vitally important story in this article. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
The vaccine-skeptic Italian government has sacked every member of the country’s health advisory board. Health minister Giulia Grillo removed all 30 members of the Higher Health Council Monday, arguing it is time to “give space to the new.” The council is the country’s most prominent body of technical-scientific experts, who advise the government on health policy. Grillo is a member of the Five Star Movement (MS5)—the senior party in Italy’s ruling coalition, which has previously supported unproven cures for cancer and promised to overturn laws making vaccines mandatory for children. Explaining her decision, Grillo wrote on Facebook, “We are the #governmentofchange and, as I have already done with the appointments of the various organs and committees of the ministry, I have chosen to open the door to other deserving personalities.” MS5 came to power earlier this year on a wave of anti-establishment sentiment. The party’s vaccine-skepticism has also been well-publicized. During this year’s election campaign, MS5 promised to reform a law that made 10 vaccines mandatory and required a doctor’s note to confirm the injections. In June, Grillo said parents could “self-certify” that their children had been vaccinated and waved the requirement for doctor confirmation.
Note: An Italian court awarded 174,000 Euros to a family whose son was found to have developed autism from an MMR vaccine. Robert F. Kennedy, Jr. wrote an excellent, highly revealing article on the severe manipulations around vaccines. And don't miss an excellent study showing that nanoparticles of unknown nature are being found in vaccines. For more along these lines, see concise summaries of deeply revealing news articles on the risks of vaccines from reliable major media sources.
Dozens of high schoolers and their teachers are flowing into the University of Southern California’s Galen Center, dressed in their debating best and bantering in various languages. All of these students are members of the Junior State of America (JSA), and they’re used to spirited exchanges about government. But they’re here today to practice a different diplomatic skill: having thoughtful conversations across political boundaries. “People say, ‘When I try to have these kinds of conversations, they go really badly,’” [workshop leader Brooke] Deterline says. Such verbal blowouts often breed simmering resentment and fracture relationships. Deterline wants to teach people how to cultivate compassion for others even when they don’t agree with them, which she sees as necessary for a divided country to find a shared vision for its future. From the start, Deterline makes clear that what she’s about to teach is the conversational equivalent of t’ai chi—a philosophy focused on holding back, not charging forward. “I used to think courage was giving somebody a piece of my mind,” she tells the students. “It’s acting with an open heart in the face of conflict. It is a choice, and it also is a muscle.” What often shuts down conversations across the political aisle, she explains, is when our brains go into what she calls “the red zone.” “When we’re stressed, our natural compassion is cut off,” she says. Deterline’s core message is that when you notice your brain heading into the “red zone,” you can take steps to divert its course.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Last Wednesday, The Miami Herald published a blockbuster multipart exposé about how the justice system failed the victims of Jeffrey Epstein, a rich, politically connected financier who appears to have abused underage girls on a near-industrial scale. The investigation, more than a year in the making, described Epstein as running a sort of child molestation pyramid scheme, in which girls — some in middle school — would be recruited to give Epstein “massages” ... pressured into sex acts, then coerced into bringing him yet more girls. What’s shocking is ... the way he was able to use his money to escape serious consequences, thanks in part to [Alexander] Acosta, then Miami’s top federal prosecutor. Acosta took extraordinary measures to let Epstein — and, crucially, other unnamed people — off the hook. The labor secretary, whose purview includes combating human trafficking, has done nothing so far to rebut The Herald’s reporting. In 2007, Epstein was facing a federal indictment that could have put him away for the rest of his life. In a deal with one of Epstein’s attorneys, however, Acosta, a rising star in Republican circles, [let] Epstein plead guilty to two felony prostitution charges in state court. Not only would Epstein serve just 13 months in the county jail, but the deal ... essentially shut down an ongoing F.B.I. probe into whether there were more victims and other powerful people who took part in Epstein’s sex crimes. It was ... one of the most lenient deals for a serial child sex offender in history.
Note: Read a great interview with Julie Brown, the intrepid reporter who broke the Epstein case. For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein from reliable major media sources. Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US.
Where’s the next video? When was the last incident the NFL didn’t follow up on? What’s going to surface next? Those are the questions the public is asking in the wake of yet another very bad week for the NFL when it comes to the issue of domestic violence by the league’s players. That’s a lousy position in which to put the roughly 1,700 men playing on NFL rosters. The vast majority of them are good citizens who contribute to their community, don’t hit women and don’t commit criminal acts. And it’s an even more distressing situation for victims. The NFL’s approach and the individual teams’ strategies place women who suffer domestic assault in an untenable position. They can be almost assured that nothing will be done, except to have their names and reputations ruined. It’s an effective way to suppress reporting. The endgame, it seems, is not justice or holding perpetrators accountable or keeping communities safe. It is hoping there isn’t video, hoping law enforcement looks the other way, hoping things can be settled quietly, and hoping that accusers go away. In other words, follow the Ben Roethlisberger model: The Pittsburgh quarterback was twice accused of rape, settled one claim out of court and saw the other go away. He is now held up as a great family man and elder statesman. The issue isn’t a problem for just the NFL. But ... the NFL is a multibillion-dollar industry [that] can’t seem to make domestic-violence training, education or investigation a real priority.
Note: For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
[California] Gov. Jerry Brown has issued more than 1,100 pardons and commuted more than 150 sentences since taking office in 2011 - far more than have his recent predecessors. The governor’s intervention creates a new pathway to justice for people serving long prison sentences under some of the nation’s harshest sentencing laws. His action moves California away from the brutality of mass incarceration and toward a renewed focus on rehabilitation and redemption. I know well the power of hope in the darkness behind prison walls. In 2012, I was released after serving 24 years of a life sentence. Now I lead the Hope and Redemption Team, an initiative funded by the California Department of Corrections and Rehabilitation to provide rehabilitative programming inside seven state prisons. Our model is unique. Every member of our full-time staff is a former lifer who has served decades of time and is now a living example of redemption. Success stories rarely make the news, but I see them every day. Graduates of our program and job-readiness training offered by the Anti-Recidivism Coalition have earned their release and built careers in the building and construction trades, prison ministry, higher education, entertainment and tech. Trained in violence prevention, they go into juvenile halls and work with youth to break the cycle of incarceration before it begins. They are contributing to society and making communities stronger and safer - things that prison can never accomplish.
Human rights activists in Colombia say they are being gunned down by hitmen who can be hired for as little as $100, a top United Nations official said on Monday. A peace deal in Colombia signed two years ago that ended the nation’s half-century civil war has led to a 40 percent decline in the overall murder rate, but killings of activists have risen, Michel Forst, the U.N. special rapporteur on human rights defenders said. According to a July report by British-based campaign group, Global Witness, nearly four land and environmental activists were killed each week last year, in the deadliest year on record, with Latin America faring the worst. “In rural areas ... men and women (human rights) defenders are an easy target for those who see in them or in their human rights agenda an obstacle to their interests,” Forst said in a statement after a 10-day visit to Colombia. Activists working on human rights and land rights, those defending LGBT+ rights and community leaders from Afro-Colombian and indigenous groups, are most at risk, Forst said. “I was really appalled by what I heard from them,” Forst, who met with more than 200 activists across Colombia, told reporters in the capital Bogota. Forst noted that just during his 10-day official visit, four activists had been murdered. Forst said he was also concerned to hear testimonies from Afro-Colombian activists who claimed attacks on them may have directly or indirectly involved foreign companies operating in Colombia, mainly those from the extractive sector.
Note: Read a 2017 New York Times article describing the involvement of high level state agents and corporate executives in the assassination of Honduran activist Berta Cáceres. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.
“Have you experienced being the target of intolerance? What causes you to be intolerant?” Sitting in his book-filled Berkeley living room, Lewis Brown Griggs chewed over those questions and others with six other people via the Zoom conferencing app last month. Ranging in age from early 20s to early 70s, and hailing from Colorado, Virginia, Utah, Maryland and California, the group was brought together by Mismatch.org, a site that aims to “mismatch” people who are politically and geographically diverse for group chats with others of varying viewpoints. It’s like a non-romantic dating service for civil discourse. “Our nation has so many problems with division,” said John Gable, Mismatch co-founder. “We need to learn how to talk to people who are different than we are, how to listen to them and understand them as people.” In an increasingly polarized country, Mismatch aims to help people across the political spectrum find common ground via structured conversations on topics like immigration, tax reform and climate change. Mismatch grew out of Living Room Conversations, another trans-partisan project that brings together folks of varying views to engage in discourse. But while Living Room Conversations hosts in-person groups ... Mismatch casts a wider net by seeking people nationwide to meet up via videoconferencing. “It is about understanding each other as humans,” [Gable] said. “We may or may not find common ground, but we always find common humanity.”
Much has been written about Jeffrey Epstein, the wealthy businessman who sexually abused and trafficked underage girls for years. Yet so little had been heard from the victims, dozens of adolescents, some still wearing braces, who were cut out of the lenient deal that sent the town of Palm Beach sex offender to jail for only 13 months. That is the power of Perversion of Justice, an investigation by Miami Herald reporter Julie K. Brown that for the first time gives a voice and a face to some of the victims of the Epstein case. A decade after a secret plea agreement ... the victims - now women in their late 20s and early 30s - are still seeking an elusive justice. Brown first became interested in the topic of sex trafficking after completing a series on abuses at a Florida women’s prison. In her early research, the Jeffrey Epstein case came up repeatedly. Brown dug as deeply as possible into the behind-the-scenes machinations that characterized the Jeffrey Epstein prosecution. She was able to identify 80 possible victims, labeled Jane Does in lawsuits to protect their identifies as minors. She reached out to 60 of the women and eight agreed to talk about the case. Four victims ... spoke on the record and on camera, three of them for the first time. Efforts to keep details of the case secret ... are underscored not just by sealed court documents in various civil cases, but by emails between the prosecution and the defense, which talked about an “avoid-the-press” strategy and a deliberate campaign to keep the victims in the dark.
Note: Video of Epstein's victims speaking out is available at the link above. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
The military is warning the U.S. government to prepare for a potential electromagnetic pulse weapon attack, as countries like North Korea, Russia and Iran develop the special arms. The shocking report, published by the Air Force's Air University, reveals that the U.S. is dismally unprepared for such an attack. And it could take 18 months to restore the electricity grid and social order. 'Based on the totality of available data an electromagnetic spectrum attack may be a threat to the United States, Democracy and world order,' the 2018 report says. 'An EMP would cause instantaneous and simultaneous loss of many technologies reliant on electrical power and computer circuit boards, such as cell phones and GPS devices,' the report says. Military and commercial jets would be degraded, bases would be cut off, and power and GPS would go dark. The U.S. would be unable to determine who even launched the attack as they would be deployed via satellite. The attack would dismantle or interfere with electricity, affecting transportation, food processing and healthcare. 'Failures may include long-term loss of electrical power (due to loss of emergency generators), sewage, fresh water, banking, landlines, cellular service, vehicles,' the report says. The report's authors Air Force Maj. David Stuckenberg, former CIA director James Woolsey, and Col. Douglas DeMaio want the government to declare a potential EMP attack as a critical issue.
Note: The military report mentioned above is available here. The article fails to mention that EMP weapons already developed by the US could destroy civilization as we know it. Other countries are clearly a threat, yet the biggest threat is the US military. Explore an ABC News article and declassified documents which reveal that the Pentagon once "drafted plans to kill innocent people and commit acts of terrorism in U.S. cities to create public support for a war against Cuba," as reported in the ABC article.
The U.S. military has long insisted that it maintains a “light footprint” in Africa, and there have been reports of proposed drawdowns ... and closures of outposts on the continent, due to a 2017 ambush in Niger and an increasing focus on rivals like China and Russia. But through it all, U.S. Africa Command has fallen short of providing concrete information about its bases on the continent. Documents obtained from AFRICOM by The Intercept, via the Freedom of Information Act, however, offer a unique window onto the sprawling network of U.S. military outposts in Africa, including previously undisclosed or unconfirmed sites in hotspots like Libya, Niger, and Somalia. The military’s constellation of bases includes 34 sites scattered across the continent, with high concentrations in the north and west as well as the Horn of Africa. These regions, not surprisingly, have also seen numerous U.S. drone attacks and low-profile commando raids in recent years. Libya — the site of drone and commando missions, but for which President Donald Trump said he saw no U.S. military role just last year — is nonetheless home to three previously undisclosed outposts. According to [military expert] Adam Moore ... “It is getting harder for the U.S. military to plausibly claim that it has a ‘light footprint’ in Africa. In just the past five years, it has established what is perhaps the largest drone complex in the world in Djibouti — Chabelley — which is involved in wars on two continents, Yemen, and Somalia.”
When a judge acquitted a white St. Louis police officer in September 2017 for fatally shooting a young black man, the city’s police braced for massive protests. But St. Louis Metropolitan Police Department Officer Dustin Boone wasn’t just prepared for the unrest - he was pumped. “It’s gonna get IGNORANT tonight!!” he texted on Sept. 15, 2017, the day of the verdict. “It’s gonna be a lot of fun beating the hell out of these s---heads once the sun goes down and nobody can tell us apart!!!!” Two days later, prosecutors say, that’s exactly what Boone did to one black protester. Boone, 35, and two other officers, Randy Hays, 31, and Christopher Myers, 27, threw a man to the ground and viciously kicked him and beat him with a riot baton, even though he was complying with their instructions. But the three police officers had no idea that the man was a 22-year police veteran working undercover, whom they beat so badly that he couldn’t eat and lost 20 pounds. On Thursday, a federal grand jury indicted the three officers in the assault. They also indicted the men and another officer, Bailey Colletta, 25, for the attack. Prosecutors released text messages showing the officers bragging about assaulting protesters, with Hays even noting that “going rogue does feel good.” To protest leaders, the federal charges are a welcome measure of justice — but also a sign of how far St. Louis still has to go.
Note: If the man beaten had not been a police officer, we would never have heard about this. How often does it happen to other protestors acting peacefully? For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the erosion of civil liberties.
A mini-runway, lined with stiletto heels, glistens in bright fluorescent lighting. Shoes of various types sit neatly in individual glass shelves. It was a private launch party of a new luxury brand of shoes called Palessi, designed by Italian designer Bruno Palessi. “I would pay $400, $500.’” a woman said as she tried on a pair of bright-gold sneakers. The woman was not actually buying a Palessi because there’s no such brand, and there’s no Bruno Palessi. There is, however, Payless ShoeSource, a discount shoe retailer hoping to shake things up through an ... advertising prank to attract new customers and change the perception that the company sells cheap, unfashionable shoes. The prank also points to a reality about the human mind: Consumers are not capable of discerning the quality and value of the things they buy, said Philip Graves, a consumer behavior consultant. Slap a fancy-sounding European label on $30 shoes, and you have an illusion of status that people will pay an exorbitant amount of money for. On the day of the launch ... after attendees purchased overpriced shoes ― some for $200, $400 and $600 ― they were taken toward the backroom, where the prank was revealed. “You’ve got to be kidding me,” said [one attendee], her eyes wide as she stared down at the overpriced shoes in her hands. “Consumers have been paying hugely inflated prices,” [said Graves]. “Some of the pleasures that we get from things that we buy come from the money we spent on them.”
Note: While this marketing prank demonstrated the public's willingness to ignore product quality in evaluating the cost of purchases, a much more serious study recently found that the average CEO-to-worker pay ratio has now reached 339 to 1 across US companies.
Deutsche Bank's head office and other locations in Frankfurt were raided by 170 police officers and tax investigators on Thursday. The German bank is suspected of helping clients to set up offshore companies in tax havens, prosecutors said. Investigators are also looking at whether Deutsche Bank failed to report suspicious transactions. Both the lender and prosecutors said the probe is related to the Panama Papers, a 2016 investigation into money laundering networks and shell companies set up by Panama-based law firm Mossack Fonseca. The investigation is yet another headache for Deutsche Bank. The lender struck a $7.2 billion deal with the US government in January 2017 to settle claims that it packaged and sold toxic mortgages. It was fined $630 million the same month over a Russian money laundering scheme. In September, Deutsche Bank was ordered by German regulators to tighten its controls. Other European lenders have also come under scrutiny for potential money laundering. HSBC (HBCYF) and ING (ING) have both settled money-laundering allegations in recent years. Danske Bank (DNKEY), the largest bank in Denmark, said in September that an internal investigation had uncovered a large number of suspicious accounts and transactions at its branch in Estonia. [Former US Treasury] Jimmy Gurulé ... said that stronger deterrents are needed. "Even in the most egregious cases, banks are often only required to pay a monetary penalty for engaging in criminal activity," he said.
Note: For lots more on the shady dealings of this bank, read this New Yorker article. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.
The Trump administration is preparing to take an important step toward future oil and natural gas drilling off the Atlantic shore, approving five requests from companies to conduct deafening seismic tests that could harm tens of thousands of dolphins, whales and other marine animals. The ... announcement by the National Marine Fisheries Service, a division of the Commerce Department, to issue "incidental take" permits allowing companies to harm wildlife is likely to further antagonize a dozen governors in states on the Eastern Seaboard who strongly oppose the administration's proposal to expand federal oil and gas leases to the Atlantic. Federal leases could lead to exploratory drilling for the first time in more than half a century. In addition to harming sea life, acoustic tests — in which boats tugging rods pressurized for sound emit jet-engine-like booms 10 to 12 seconds apart for days and sometimes months — can disrupt thriving commercial fisheries. Seismic testing maps the ocean floor and estimates the whereabouts of oil and gas, but only exploratory drilling can confirm their presence. The Deepwater Horizon oil spill that soiled the Gulf of Mexico resulted from an exploratory drill. Nearly 2.5 million dolphins would be harassed or possibly killed by acoustic sound blasts each year in the ... Atlantic, and nearly half a million pilot whales would be impacted. The Obama administration denied six permits for seismic testing weeks before Trump took office ... out of concern for wildlife and fisheries.
Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.