Media ArticlesExcerpts of Key Media Articles in Major Media
Note: Explore our full index to key excerpts of revealing 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.
Bank of America Corp., hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits. Derivatives are financial instruments used to hedge risks or for speculation. They’re derived from stocks, bonds, loans, currencies and commodities, or linked to specific events such as changes in the weather or interest rates. Keeping such deals separate from FDIC-insured savings has been a cornerstone of U.S. regulation for decades, including last year’s Dodd-Frank overhaul of Wall Street regulation. Three years after taxpayers rescued some of the biggest U.S. lenders, regulators are grappling with how to protect FDIC-insured bank accounts from risks generated by investment-banking operations. “The concern is that there is always an enormous temptation to dump the losers on the insured institution,” said William Black, professor of economics and law at the University of Missouri-Kansas City and a former bank regulator. “We should have fairly tight restrictions on that.” Bank of America’s holding company -- the parent of both the retail bank and the Merrill Lynch securities unit -- held almost $75 trillion of derivatives at the end of June. That compares with JPMorgan’s deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm’s $79 trillion of notional derivatives.
Note: Remember that the GDP of the entire world is estimated at around $60 trillion, less than JPMorgan or BofA own in derivatives. For an excellent article laying out the incredible risk this creates of a major economic collapse, click here. For more on the high risk and cost to taxpayers of BofA moving its massive amount of derivatives to its subsidiary, click here. For lots more from major media sources on the illegal profiteering of major financial corporations enabled by lax government regulation, click here.
When the White House promised to answer citizen petitions on the most pressing problems of the day, it may not have had extraterrestrial life in mind. More than 10,000 petitions have poured in since the new initiative was announced last month in a bid to bring government closer to the people. [Among the] Top Ten Petitions: Abolish the TSA, and use its monstrous budget to fund more sophisticated, less intrusive counter-terrorism intelligence -- 26,328 signatures; End the destructive, wasteful and counterproductive "War on Drugs" -- 16,422 signatures; Formally acknowledge an extraterrestrial presence engaging the human race - Disclosure -- 10,316 signatures. Stephen Bassett ... wants to end the "truth embargo," or what he believes is the government's deliberate decision to withhold what it has long known about the existence of extraterrestrial life. "The fact is that there is an extraterrestrial presence. I know this because I'm familiar with the research and a couple hundred government witnesses have come forward in the last couple years," he said. "Acknowledging this E.T. presence is about open government." Mr. Bassett decided to post a petition as soon as he heard about the opportunity and immediately sent a link to his 10,000-person email list.
Note: For excellent information on UFOs and the possibility of extraterrestrial visitation, check out our UFO Information Center.
The most impressive performance at a Toronto marathon Sunday was turned in by the man who came in last place - and is 100 years old. Fauja Singh completed the Scotiabank Toronto Waterfront Marathon in approximately eight hours, making him the oldest person ever to finish one of the 26.2-mile races. It was the eighth marathon for Singh, who was born India in 1911 and did not start running marathons until he was 89, after he moved to England following the death of his wife and son. He says not smoking or drinking alcohol throughout his life, combined with a vegetarian diet and up to 10 miles of walking or running per day are the secrets to his health. The Association of Road Racing Statistician already had Singh as the oldest person to complete a marathon, for one he ran seven years ago. But the Guinness Book of World Records recognized Dimitrion Yordanidis, 98, who ran in Athens in 1976. Singh recently set eight world records for his age group in one day at a special invitational meet in Toronto. He ran the 100 meters in 23.14, 200 meters in 52.23, the 400 meters in 2:13.48, the 800 meters in 5:32.18, the 1500 meters in 11:27.81, the mile in 11:53.45, the 3000 meters in 24:52.47 and the 5000 meters in 49:57.39. "I have said it before: that I will carry on running, as it is keeping me alive," Singh told the marathon website.
Note: Does anyone still believe vegetarianism can't be healthy?
Working inside the New York Police Department is one of the CIA's most experienced clandestine operatives. He arrived in July as the special assistant to the deputy commissioner of intelligence. While his title is clear, his job responsibilities are not. Federal and city officials have offered differing explanations for why this top CIA officer was assigned to a municipal police department. The CIA is prohibited from spying domestically, and its unusual partnership with the NYPD has troubled top lawmakers and prompted an internal investigation. The last time a CIA officer worked so closely with the NYPD, beginning in the months after the 9/11 attacks, he became the architect of aggressive police programs that monitored Muslim neighborhoods. With that earlier help from this CIA official, the police put entire communities under a microscope based on ethnicity rather than allegations of wrongdoing. On Monday, New York Mayor Michael Bloomberg defended the arrangement. "If the CIA can help us I'm all for getting any information they have and then letting the police department use it," he said. All of this has troubled lawmakers, including Sen. Dianne Feinstein, D-Calif., the chairwoman of the Senate Intelligence Committee, who has said the CIA has "no business or authority in domestic spying, or in advising the NYPD how to conduct local surveillance."
Note: While it is quite amazing that this information was reported in the major media, well-informed people have known that CIA operatives are secretly inserted in police stations across the US. They are also deployed in key positions in every major media outlet in the U.S. and many around the world, where they can stop reporting of information which reveals too much. To read the fascinating accounts of two award-winning journalist providing clear evidence of this, click here.
The operator of Japan's tsunami-hit Fukushima nuclear power plant [Tokyo Electric Power (Tepco)] said the amount of radiation being emitted from the complex has halved from a month ago, in the latest sign that efforts to bring the plant under control are progressing. In light of the progress being made in cooling its damaged reactors, which suffered nuclear fuel meltdowns in the first days of the crisis, Tepco formally brought forward its plan to bring the plant to a state of "cold shutdown" within this year. Technically, a cold shutdown is a state in which water used to cool nuclear fuel rods remains below 100 degrees Celsius, preventing the fuel from reheating. Declaring a cold shutdown will have repercussions well beyond the plant as it is one of the criteria the government said must be met before it begins allowing about 80,000 residents evacuated from within a 20 km (12 mile) radius of the plant to go home. Japan faces a massive cleanup task if these residents are to be returned home -- the environmental ministry says about 2,400 square km (930 square miles) of land surrounding Daiichi may need decontamination. Even if a cold shutdown is declared Tepco has acknowledged that it may not be able to remove the fuel from the reactors for another 10 years and that the cleanup at the plant could take several decades.
Note: For more on the Fukushima situation from the standpoint of the tens of thousands of evacuees, click here.
Every five hours a child dies from abuse or neglect in the US. The latest government figures show an estimated 1,770 children were killed as a result of maltreatment in 2009. A recent congressional report concludes the real number could be nearer 2,500. In fact, America has the worst child abuse record in the industrialised world. Why? Sixty-six children under the age of 15 die from physical abuse or neglect every week in the industrialised world. Twenty-seven of those die in the US - the highest number of any country. In Washington, politicians are beginning to recognise what some now describe as a "national crisis". Abused children are 74 times more likely to commit crimes against others and six times more likely to maltreat their own children, according to the Texas Association for the Protection of Children. For this reason, experts believe it is in the US government's as well as society's interest to ensure children are protected from abuse. Each and every citizen, they say, has a responsibility to help break this cycle of violence.
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The Occupy Wall Street protest against income disparity spread across Western Europe, Asia, the U.S. and Canada today. Rome's demonstration turned violent, contrasting with peaceful events elsewhere. The rallies started last month in New York's financial district, where people have been staying in lower Manhattan's Zuccotti Park. They widened to 1,500 cities today, including Sydney and Toronto, the organizers said, in a “global day of action against Wall Street greed.” Protesters say they represent “the 99 percent,” a nod to a study by Nobel Prize-winning economist Joseph Stiglitz showing the top 1 percent of Americans control 40 percent of U.S. wealth. In Berlin, 6,000 took to the streets and 1,500 gathered in Cologne, ZDF television said. In Frankfurt, 5,000 marched by the European Central Bank headquarters. In New York, demonstrators marched past a JPMorgan Chase & Co. branch urging clients to transfer accounts to “a financial institution that supports the 99 percent.” They distributed fliers with a list of community banks and credit unions. New York police arrested 24 at a Citigroup Inc. bank branch and 6,000 gathered in Times Square. About 1,000 people gathered in Toronto's financial district carrying signs saying “Nationalize the Banks.” Demonstrations turned violent in Italy, where the unemployment rate for 15-to-24-year-olds was 27.6 percent in August.
Note: For lots more on the reasons why people all over the world are occupying their city centers, check out our "Banking Bailout" news articles.
Last week we learned from Reuters that fellow countrymen labeled "militants" by the Obama administration are now unilaterally placed on a "kill list" by "a secretive panel of senior government officials. "This is a real-life death panel inside the highest governmental office in the land -- and, according to Reuters, it acts without "any law establishing its existence or setting out the rules by which it is supposed to operate." This neo-Star Chamber is wholly unprecedented in its willful violations of the U.S. Constitution's due-process provisions -- and our Congress' refusal to even question it is utterly detestable. However, it reminds us that government death panels in general are anything but rare; they are all around us, making blood-curdling decisions to kill people all the time. For example, at the state level, the death panel commonly called the Georgia Board of Pardons and Paroles recently opted to execute Troy Davis, despite compelling evidence calling his conviction into question. Likewise ... the death panel known as the U.S. House Agriculture Appropriations Committee [is] considering cuts to food stamps at a time when Louisiana State University researchers report that between 2,000 and 3,000 elderly Americans are already dying of malnutrition every year.
Note: For key reports on government corruption from major media sources, click here.
Critics of the growing Occupy Wall Street movement complain that the protesters don’t have a policy agenda and, therefore, don’t stand for anything. They're wrong. The key isn’t what protesters are for but rather what they’re against -- the gaping inequality that has poisoned our economy, our politics and our nation. In America today, 400 people have more wealth than the bottom 150 million combined. That’s not because 150 million Americans are pathetically lazy or even unlucky. In fact, Americans have been working harder than ever -- productivity has risen in the last several decades. Big business profits and CEO bonuses have also gone up. Worker salaries, however, have declined. Most of the Occupy Wall Street protesters [want] an end to the crony capitalist system now in place, that makes it easier for the rich and powerful to get even more rich and powerful while making it increasingly hard for the rest of us to get by. The question is not how Occupy Wall Street protesters can find that gross discrepancy immoral. The question is why every one of us isn’t protesting with them. According to polls, most Americans support the 99% movement, even if they’re not taking to the streets.
Note: For lots more on the reasons why people all over the world are occupying their city centers, check out our "Banking Bailout" news articles.
How and why potentially — and historically — life-saving vaccinations, especially those mandated for children, have become a 21st century medical and political tinderbox is deftly examined by producers and co-directors Kendall Nelson and Chris Pilaro in their provocative documentary "The Greater Good." The filmmakers put human faces on this polarizing issue by focusing largely on three American children devastated, it is believed, by post-vaccine side effects. They include Gabi Swank, an inspiring teen who suffered neurological damage after taking the much-hyped HPV vaccine to prevent cervical cancer; 12-year-old Jordan King who, as a toddler, regressed into autism after routine inoculations; and infant Victoria Christner, who died at 5 months, her parents maintain, of vaccine injuries. An articulate array of doctors, scientists and public health officials weigh in on both sides of the debate. Some cite that vaccines, often government mandated, are sound and necessary for "the greater good," while others demand further research, safety and education to help parents — and everyone else — to make more informed choices before rushing to immunize. Either way, the film proves an effective eye-opener.
The big number is 50. When companies can produce solar photovoltaic modules for less than 50˘ per watt, solar energy will be able to compete directly with coal. Right now, the cheapest solar cells are being produced for as little as 70˘ per watt. They are selling for about $1.26 per watt, with prices expected to drop to $1.17 next year. Most anticipate they they will hit 50˘ per watt within four or five years. As prices fall, demand is growing. Total solar installations in the second quarter [of 2011] grew by 69 percent over the same period in 2010. The number of Americans working in the solar industry more than doubled, to 100,000, from 2009 to 2011. That’s considerably more than the 80,600 coal miners working in the U.S. Behind the price drops are cheaper manufacturing costs, lower costs for such crucial raw materials as silicon, and rapidly improving technology. Dozens of startups in the U.S. have potentially transformative ideas. The question is which can come out on top. The wide variety of companies developing competing technologies to capture and distribute solar power underscores the market’s immaturity. Currently, researchers are experimenting with materials ranging from silicon to gallium arsenide to cadmium telluride, basing cost projections on disparate technologies that create solar cells. The goal is to build one that competes without government subsidies.
Note: For lots more from reliable sources on developments in alternative energy technologies, click here.
The Defense Department, which has promised to publish a reliable account of how it spends its money by 2017, has discovered that its financial ledgers are in worse shape than expected and that it will have to spend billions of dollars in the coming years to make its financial accounting credible, the Center for Public Integrity reported [on October 13]. The U.S. military has spent more than $6 billion to develop and deploy new financial systems, but the effort has been plagued by significant added overruns and delays, defense officials told the CPI, a nonprofit investigative news organization. The Government Accountability Office said in a report last month that although the services can now fully track incoming appropriations, they still can't demonstrate that their funds are being spent as they should be. The Pentagon’s bookkeeping has come under increased scrutiny as Congress and the Obama administration have vowed to reduce the federal deficit. The department could face substantial cutbacks if a special bipartisan "supercommittee" can’t agree on a formula for reducing the deficit.
Note: For an essay by a top U.S. general revealing how wars are used to bring huge profits to the powerful elite of our world, click here. For lots more from reliable sources on government corruption, click here.
FirstEnergy Corp. [stock price] fell after a report that engineers discovered cracks in the concrete shell of its Davis-Besse nuclear plant. Contractors on Oct. 10 discovered a hairline crack measuring about 30 feet (9.1 meters) long as they sliced a hole into the plant’s outer shell in order to install a new reactor vessel head, said Jennifer Young, a FirstEnergy spokeswoman. The cracked shell is the outermost of several layers of steel and concrete that protect the reactor, which has been shut down since Oct. 1 in preparation for the repair work. Davis-Besse was shuttered for more than three months in 2010 after workers discovered cooling water leaking through cracks in some reactor-head nozzles, steel casings that hold fuel and control rods. Leaks and reactor corrosion prompted FirstEnergy to close the plant for two years, from 2002 to 2004, while the company retrained or replaced workers who ignored signs of damage, and eventually replaced the reactor head. The leaks found last year at the 900-megawatt plant prompted the Union of Concerned Scientists in April 2010 to demand that the plant remain closed until its owners established better controls to maintain health and safety standards.
Note: If you want to see how safety around nuclear plants is ignored and threatened all the time by money interests at all levels, watch the amazingly revealing documentary on Chernobyl at this link. The most telling piece in this documentary involves the man tasked by Gorbechov to write the official report of all the problems they faced. When he gave the report to the IAEA in a secret meeting, he was ridiculed by the other international leaders there, who accused him of spreading baseless fears. On the second anniversary of the Chernobyl disaster, he committed suicide.
A widening gap between rich and poor is reshaping the U.S. economy, leaving it more vulnerable to recurring financial crises and less likely to generate enduring expansions. Left unchecked, the decades-long trend toward increasing inequality may ... shake social stability, economists and financial-industry executives say. “Income inequality in this country is just getting worse and worse and worse,” James Chanos, president and founder of New York-based Kynikos Associates Ltd., told Bloomberg Radio this week. “And that is not a recipe for stable economic growth when the rich are getting richer and everybody else is being left behind.” Since 1980, about 5 percent of annual national income has shifted from the middle class to the nation’s richest households. That means the wealthiest 5,934 households last year enjoyed an additional $650 billion -- about $109 million apiece -- beyond what they would have had if the economic pie had been divided as it was in 1980, according to Census Bureau data. Disputes over what constitutes economic fairness are moving to center stage amid a near-stagnant U.S. economy saddled with 9.1 percent unemployment yet boasting record corporate profits.
Note: For key reports from major media sources on income inequality in the US and worldwide, click here.
Authorities granted protesters a four-month extension to continue occupying Freedom Plaza in D.C.. A deadline for protesters with the October 2011/Stop the Machine demonstration to pack up and leave Freedom Plaza came and went Monday afternoon. The protesters were given until 2 p.m. to break down their stage and other equipment after their original four-day permit expired Sunday. While the protesters cleaned the space and took down the stage where they led rallies, made speeches and played music, they didn't leave. At about 2 p.m. Monday, Park Police went to Freedom Plaza and requested a private meeting with protest organizers. They met at National Park Service headquarters about 4 pm. Before leaving Freedom Plaza, the organizers told the crowd they'd stay until they're ready to leave. The organizers returned to a round of applause when they told demonstrators that authorities offered the four-month extension. Park Police realized it was not in their best interests to shut the demonstrators down or make arrests, organizers said, and asked if demonstrators needed to be arrested to make their point. The organizers replied that they don’t need to be arrested over a permit issue and want their issues addressed.
Note: For lots more on the reasons why people all over the world are occupying their city centers, check out our "Banking Bailout" news articles.
The Occupy Wall Street movement has the potential to turn into a political firestorm. We have become so divided as a nation that it is very difficult to prognosticate if anything good will come out of these protests from a political perspective. Let’s examine a number of issues that have been raised by Occupy Wall Street, the Tea Party and liberals and libertarians and see where there is agreement. Get Corporate Money Out Of Politics – This is the issue that really kick started Occupy Wall Street. Americans are sick and tired of mega-corporations and Wall Street banks being in bed with our politicians in Washington D.C. End the Federal Reserve – The Federal Reserve is directly responsible for the Too Big To Fail banking cartel, the U.S. debt, the perpetual deficits, and ... the Fed has also robbed the poor and working class blind as a result of their inflationary policies. End The Wars – The American people are fed up with these conflicts, and even large percentages of the military believe that the wars in both Iraq and Afghanistan were not worth fighting in the first place. It is time for our troops to come home. End The Drug War - The drug war is an absolute failed policy. The U.S. incarcerates a higher percentage of its population than any country on Earth, yet we call ourselves “The Home of the Free.” Repeal The Patriot Act – The assault on our civil liberties in the wake of 9/11 has been swift and draconian. These are the types of things that go on in totalitarian states, and now, apparently the United States as well.
Note: For lots more from major media sources on the reasons why people worldwide are occupying the financial centers of their cities, check out our "Banking Bailout" news articles.
More black men are behind bars or under the watch of the criminal justice system than there were enslaved in 1850, according to the author of a book about racial discrimination and criminal justice. Ohio State University law professor and civil rights activist Michelle Alexander..., the author of The New Jim Crow: Mass Incarceration in the Age of Colorblindness, [says] there are more African American men in prison and jail, or on probation and parole, than were slaves before the start of the Civil War. More than 846,000 black men were incarcerated in 2008, according to U.S. Bureau of Justice estimates. African Americans make up 13.6 percent of the U.S. population according to census data, but black men reportedly make up 40.2 percent of all prison inmates. The criminal justice system is the newest in a long line of societal structures that have disenfranchised people of color, Alexander argues in her book. Alexander writes that despite today's belief in "colorblindness," our criminal justice system effectively bars African American men from citizenship, treating them as a separate caste: "Denying African Americans citizenship was deemed essential to the formation of the original union. Hundreds of years later, America is still not an egalitarian democracy. The arguments and rationalizations that have been trotted out in support of racial exclusion and discrimination in its various forms have changed and evolved, but the outcome has remained largely the same."
Note: For more on the deep injustices of the prison-industrial complex, see the deeply revealing reports from reliable major media sources available here.
Britain's tax authorities have given Goldman Sachs an unusual and generous Christmas present, leaked documents reveal. In a secret London meeting last December with the head of Revenue, the wealthy Wall Street banking firm was forgiven Ł10m interest on a failed tax avoidance scheme. HM Revenue and Customs sources admit privately that the interest-free deal is "a cock-up" by officials, but refuse to say who was responsible. Documents leaked to Private Eye magazine and published in full by the Guardian record that Britain's top tax official, HMRC's permanent secretary Dave Hartnett, personally shook hands on a secret settlement last December. Hartnett also refused to give the facts about Goldman Sachs to MP Jesse Norman on the Treasury committee last month, claiming disclosure would be illegal. He also refuses to brief ministers on the details. The Ł10m Christmas gift for Goldman was the culmination of a prolonged attempt by the US firm to avoid paying national insurance on huge bonuses for its bankers working in London. The sum was pocket change to Goldman, whose employees received $15.3bn (Ł9.5bn) in pay and bonuses last year.
An official with the Centers for Disease Control and Prevention has been arrested and charged with two counts of child molestation and one count of bestiality, police said. Police arrested Dr. Kimberly Quinlan Lindsey, 44, in DeKalb County, Georgia, on Sunday. Authorities also charged Lindsey's live-in boyfriend, Thomas Joseph Westerman, 42, with two counts of child molestation. The two are accused of "immoral and indecent" sexual acts involving a 6-year-old. The bestiality charge says Lindsey "did unlawfully perform or submit to any sexual act with an animal." The alleged incidents took place between January 1, 2010, and August 22, 2011. Lindsey is the deputy director for the Laboratory Science Policy and Practice Program Office at the CDC, according to her biography on the agency's website. Prior to her current role, Lindsey was the senior health scientist in the Office of Public Health Preparedness and Response. That office oversees the allocation process for $1.5 billion in terrorism preparedness. In her 12 years at the CDC, Lindsey has received 12 awards for outstanding performance on projects and programs, according to her bio on Emory University's Biological and Biomedical Sciences website.
Note: Don't miss Dr. Mercola's highly revealing analysis showing that Dr. Lindsey played a primary role in the bogus swine flu propaganda campaign. Read the article at this link. For how the CDC came to be infiltrated with such people, read the powerful information available here.
Chocolate seems to be good for the cardiovascular system - no secret there. Studies have tied the sweet stuff to lower blood pressure, healthier blood vessels, and reduced risk of blood clots. And now Swedish researchers have linked chocolate to a reduced risk for stroke. The scientists found that the women who ate the most chocolate - 66.5 grams a week, or about 2.4 ounces - were 20 percent less likely to have a stroke than the women who never or seldom ate chocolate. The study was published in the October 2011 issue of the Journal of the American College of Cardiology. But before you unleash your inner chocoholic, be aware that not all forms of chocolate are thought to be beneficial. Dark chocolate is best because it contains more of the antioxidant-rich cocoa and less sugar and fewer calories than milk chocolate.
Note: For key reports from reliable sources on important health issues, click here.
Important Note: Explore our full index to key excerpts of revealing 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.