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The Federal Reserve's Board of Governors and the New York Fed have been responsible for supervising Wall Street banks. After the 2008 crisis and the regulatory lapses it revealed, Congress gave the Fed even more oversight authority. Two recent reports highlight that the Fed isnt very good at supervising certain banks. In September, Carmen Segarra, a former bank examiner at the Federal Reserve Bank of New York, released secret recordings she had made of meetings at the New York Fed in 2012. The recordings revealed that New York Fed employees had identified concerns with a proposed Goldman Sachs deal. The New York Fed didnt attempt to make Goldman address these concerns. The recordings also showed Ms. Segarras superiors pressuring her to soften her finding that Goldman did not comply with federal regulations on conflicts of interest. An October report from the Feds Office of Inspector General provided additional confirmation that the Fed is failing to oversee the big banks. The report found that the New York Fed had failed to examine J.P. Morgan Chases Chief Investment Office despite a recommendation to do so in 2009. The report concluded that the New York Fed needed to improve its supervision of the biggest, most complex banks. Were all counting on the Fed to monitor the big banks and stop them from taking on too much risk, but evidence is mounting that this faith in the Fed is misplaced.
Note: If the above link fails, click here. For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in government and banking and finance. For additional information, see the excellent, reliable resources provided in our Banking Corruption Information Center.
From his desk in Lower Manhattan, a banker at Goldman Sachs thumbed through confidential documents courtesy of a source inside the United States government. The banker came to Goldman through the so-called revolving door ... that connects financial regulators to Wall Street. He joined in July after spending seven years as a regulator at the Federal Reserve Bank of New York, the governments front line in overseeing the financial industry. He received the confidential information, lawyers briefed on the matter suspect, from a former colleague who was still working at the New York Fed. The previously unreported leak, recounted in interviews with the lawyers briefed on the matter who spoke anonymously ... illustrates the blurred lines between Wall Street and the government. When Goldman hired the former New York Fed regulator, who is 29, it assigned him to advise the same type of banks that he once policed. And the banker obtained confidential information [that] provided Goldman a window into the New York Feds private insights. The emergence of the leak comes as questions mount about a perceived coziness between the New York Fed and Wall Street banks Goldman in particular. Revelations from a former New York Fed employee, Carmen Segarra, recently stoked that debate. Ms. Segarra released taped conversations suggesting that her supervisors went soft on Goldman. The new accounts of a regulator and a banker actually sharing confidential documents violating a cardinal rule of the regulatory world suggest that ... Goldman, perhaps more than any other Wall Street bank, appears to be entwined with the New York Fed.
Note: For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in government and banking and finance. For additional information, see the excellent, reliable resources provided in our Banking Corruption Information Center.
Organised child sex abuse is widespread in England, a report by MPs on the Rotherham exploitation scandal says. Their report said: "On the evidence we took, the alarming conclusion is that Rotherham was not an outlier and that there is a widespread problem of organised child sexual exploitation in England." The MPs inquiry was prompted by a report by Prof Alexis Jay, which revealed up to 1,400 children were estimated to have been victims of abuse in Rotherham between 1997 and 2013. Ofsted, which carried out a series of inspections during the period, said it had introduced a "more rigorous inspection framework". The parliamentary committee called for an investigation into missing files at the council and said council officials "should be held accountable for their actions." In a statement, Ofsted said it welcomed "the opportunity to give evidence to the committee. In common with a number of organisations, we accept that past inspections may not have given child sexual exploitation the forensic focus it needed and deserved," it said.
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. And read an abundance of major media news articles showing rampant child sexual abuse at high levels in many prominent organizations.
According to new research by Emmanuel Saez of the University of California at Berkeley and Gabriel Zucman of the London School of Economics, the richest one-hundredth of one percent of Americans now hold more than 11 percent of the nation's total wealth. That's a higher share than the top .01 percent held in 1929, before the Great Crash. We're talking about 16,000 people, each worth at least $110 million. This explosion of wealth at the top has been accompanied by an erosion of the wealth of the middle class and the poor. Some might think [that] if those at the top are winning big while the bottom 90 percent is losing, too bad. That's the way the game is played. But the top .01 percent have also been ... changing the game. Their political investments have paid off in the form of lower taxes on themselves and their businesses, subsidies for their corporations, government bailouts, federal prosecutions ... where executives don't go to jail, watered-down regulations, and non-enforcement of antitrust laws. Since the top .01 began investing big time in politics, corporate profits and the stock market have risen to record levels. That's enlarged the wealth of the richest .01 percent. But the bottom 90 percent ... rely on wages, which have been trending downward. Politicians don't seem particularly intent on reversing this trend. If you want to know what's happened to our democracy, follow the richest .01 percent. They'll lead you to the politicians who have been selling our democracy.
Note: For more along these lines, see these summaries of deeply revealing income inequality news articles.
Neha Gupta became the first ever American today to be awarded the Childrens International Peace Prize in The Hague, Netherlands. The prize is awarded annually to a child, anywhere in the world, for his or her dedication to childrens rights. Gupta began her astounding work when she was just a child herself, visiting her parents' native India nine years ago. Carrying out a family tradition of celebrating birthdays by delivering gifts to orphans, she was struck by the condition these children were living in. "The place was just really in shambles," Gupta told Saulny. "I didn't want to accept these things. These are things I wanted to fix." She moved to fix them quickly, any way that she could. Back home in Pennsylvania, she made a bold move, deciding to sell all of her toys to raise money for the orphans she had met in India. "We just put it out on our driveway and people came, bought things and it turned out to be such a successful event, Gupta said. From that one event we raised $700 and Ive wanted to keep going. Gupta kept going, selling crafts door to door and collecting corporate donations in her dads SUV. Nine years later, now an 18-year-old college student, she runs Empower Orphans, a global charity that has raised $1.3 million. The organization reaches orphans in the U.S. and abroad, helping to build classrooms, buy books, equip computer labs, pay for health exams, supply water and buy sewing machines to empower other young women to start their own businesses. Despite all of her extraordinary successes, Gupta describes herself as just an ordinary teenager who found her calling early in life. That bit of serendipity has touched the lives of more than 25,000 children so far.
Note: Don't miss an inspiring video on this beautiful woman and the way she is changing the world.
It has been more than two years since The New York Times revealed that Mr. Obama embraced a disputed method for counting civilian casualties of his drone strikes which in effect counts all military-age males in a strike zone as combatants ... unless there is explicit intelligence posthumously proving them innocent. The paper noted that this counting method may partly explain the official claims of extraordinarily low collateral deaths, and even quoted CIA officials as deeply troubled by this decision. After the Times article, most large western media outlets continued to describe completely unknown victims of U.S. drone attacks as militants even though they (a) had no idea who those victims were or what they had done and (b) were well-aware by that point that the term had been re-defined by the Obama administration. Like the U.S. drone program itself, this deceitful media practice continues unabated. The U.S. government itself let alone the media outlets calling them militants often has no idea who has been killed by drone strikes in Pakistan. The Intercept previously reported that targeting decisions can even be made on the basis of nothing more than metadata analysis and tracking of SIM cards in mobile phones. Just last month, the Bureau of Investigative Journalism documented that fewer than 4% of the people killed have been identified by available records as named members of al Qaeda.
Note: For more along these lines, see concise summaries of deeply revealing news articles about military corruption and high level manipulation of mass media from reliable sources.
A system Congress established to speed help to Americans harmed by vaccines has instead heaped additional suffering on thousands of families. The system is not working as intended. The AP read hundreds of decisions, conducted more than 100 interviews, and analyzed a database of more than 14,500 cases filed in a special vaccine court. Among the findings: Private attorneys have been paid tens of millions of taxpayer dollars even as they clog the court. The court offers a financial incentive to over-file unlike typical civil court cases. Prominent attorneys have enlisted expert witnesses whose own work has been widely discredited, including one who treated autism with a potent drug used to chemically castrate serial rapists. Many doctors hired by the government to defend vaccine safety in court have ties to the pharmaceutical industry. Cases are supposed to be resolved within 240 days, with options for another 150 days of extensions. Less than 7 percent of 7,876 claims not involving autism met the 240-day target. Add in autism claims, which were postponed so the court could hear all of them at once, and just 4.5 percent took fewer than 240 days. Hundreds have surpassed the decade mark. Several people died before getting any money.
Note: The secret court that shields big pharma from legal liability for selling harmful vaccines is described in this 2009 Wall Street Journal news article. For more along these lines, see concise summaries of deeply revealing news articles on vaccines from reliable major media sources showing huge corruption and deception.
A local cafe [in Oakland, CA] serves up cappuccinos, teas and lattes alongside a variety of pastry delights. And there in this comfortable and sprawling space filled with armchairs and rugs are the cats. There are all sorts of cats — orange, black, gray, shorthairs, longhairs, big and small. And what they all have in common is that they’re available for adoption. The Cat Town Cafe is the first permanent cat cafe to open in the United States. Patrons ... adopted 32 cats in [the first] 15 days. Other cities are following suit. Temporary, pop-up cat cafes have appeared in Los Angeles and New York, and efforts are under way to establish permanent businesses in San Francisco, San Diego and Denver. Cat Town has become so popular so quickly that reservations are required just to get in the door on weekends. [Co-founder Ann] Dunn, a former volunteer at the Oakland Animal Shelter, ran a private cat rescue operation for three years before starting the business. During that time, she saved more than 650 cats, she said. All the animals at the cafe are brought from the city’s animal shelter — and for them, it’s a second chance at life. Dunn and Myatt started the cafe as a way to save more cats because a trip to the animal shelter to adopt a pet can be a downright depressing experience. The cat cafe has created an instant buzz among Bay Area cat lovers. “We’re creating a cat community, and it’s exciting to watch it unfold.”
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
An extensive scientific literature review sponsored by Dignity Health and conducted by the Center for Compassion and Altruism Research and Education (CCARE) at Stanford University reveals a growing body of scientific evidence that indicates kindness holds the power to heal. This often overlooked, virtually cost-free remedy has a statistically significant impact on our physical health. For example, the positive effect of kindness is even greater than that of taking aspirin to reduce the risk of a heart attack or the influence of smoking on male mortality. The review shows that when patients are treated with kindness -- when there is an effort made to get to know them, empathize with them, communicate with them, listen to them and respond to their needs -- it can lead to: faster healing of wounds, reduced pain, reduced anxiety, reduced blood pressure, and shorter hospital stays. The research also shows that when doctors and nurses act compassionately, patients are more likely to be forthcoming in divulging medical information, which in turn leads to more accurate diagnoses. Patients aren't the only ones who see better results from kind treatment -- the doctors, nurses, and caregivers who provide the kind treatment benefit as well. This research review proves that in the context of health care and medicine, kindness should be viewed as an indispensable part of the healing process.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A number of children on Cape Cod have been diagnosed with whooping cough. These new cases are all being reported in Falmouth. Massachusetts is one of just 18 states that allow a parent to exempt their children from vaccines on philosophical grounds. Data examined by the I-Team showed the number of exemptions has quadrupled over the past 25 years. Public health officials tell WBZ that once those exemption rates start to climb, so does the risk of an outbreak. All of the whooping cough patients in this outbreak, 15 in total, go to Falmouth High School. The I-Team obtained new data from the Public Health Department and found the number of Cape Cod kindergarten students exempted from immunizations is almost five percent and up from last year. Once vaccination rates go down, the likelihood of an outbreak increases and this has happened both in Minnesota and California, says Dr. Sharon Daley, Chief of Pediatrics at Cape Cod Hospital. No one knows for sure why exemption rates are so high on the Cape. But in this case, a school official tells WBZ that all the students had been immunized.
Note: This article is being used to push the agenda to force vaccinations on all children. Yet isn't it amazing that all 15 students had been immunized, which gets mentioned in one small sentence in the article. The vaccines failed. Why isn't this even being discussed, and why instead is this being used to promote vaccines? Read powerful evidence that some vaccines are not safe nor effective. Remember that big Pharma makes billions in profit from vaccines.
The US justice department is reportedly using electronic equipment on aircraft to simulate cellphone towers so it can collect phone location and identifying information on a mass scale from users on the ground below. The US Marshals Service has for seven years flown Cessna aircraft ... that mimic cellular towers, permitting the collection of thousands of unique IDs and location data from users. The planes operate from at least five metropolitan airports, permitting a flying range covering most of the US population. [This] indiscriminate collection would permit ... justice department agencies to avoid having to seek records from the phone companies themselves, especially in criminal investigations where a court order may be required. The legal basis for the previously undisclosed program is unclear. It is not reportedly a national security or counterterrorism program. Michael German, a former FBI agent now with New York University Law School, said: The governments attitude seems to be if it can, it should, without regard to the violation of Americans rights, so long as nobody knows. This program is being kept secret so that the thousands of innocent Americans whose data is being collected improperly wont complain. We shouldnt have to just trust that the government will handle the data it intercepts about our communications properly.
Note: For more along these lines, see these concise summaries of deeply revealing government corruption and privacy news articles from reliable sources.
State officials allowed oil and gas companies to pump nearly three billion gallons of waste water into underground aquifers that could have been used for drinking water or irrigation. Those aquifers are supposed to be off-limits to that kind of activity, protected by the EPA. Californias Department of Conservations Chief Deputy Director, Jason Marshall, told NBC Bay Area, There have been past issues where permits were issued to operators that they shouldnt be injecting into those zones." In fracking or hydraulic fracturing operations, oil and gas companies use massive amounts of water to force the release of underground fossil fuels. The practice produces large amounts of waste water that must then be disposed of. Marshall said that often times, oil and gas companies simply re-inject that waste water back deep underground where the oil extraction took place. But other times, Marshall said, the waste water is re-injected into aquifers closer to the surface. In the States letter to the EPA, officials admit that in at least nine waste water injection wells, the waste water was injected into non-exempt or clean aquifers. For the EPA, non-exempt aquifers are underground bodies of water that are containing high quality water that can be used by humans to drink, water animals or irrigate crops. "It should not have been permitted, said Marshall.
Note: The complete article summarized above includes maps of the Bakersfield, CA wells contaminated by these fracking waste injections. For more along these lines, read this Los Angeles Times article about how fracking poisons drinking water, and see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
Police are investigating "possible homicide" linked to what has been described as a paedophile ring involving powerful people in the 1970s and 1980s. The group is alleged to have included senior figures in public life, the military, politics and law enforcement. A key witness who has spoken to police has told the BBC that he was abused for nine years as a boy. The Metropolitan Police said, "At this early stage in this inquiry, with much work still to do, it is not appropriate to issue appeals or reveal more information." Using the name "Nick", the alleged victim said he had given three days of video-taped evidence to detectives. His accounts are being assessed as part of ... a new Scotland Yard investigation. Nick, now in his 40s, says ... the group was "very organised" and would arrange for chauffeur-driven cars to pick up boys, sometimes from school, and drive them to "parties" or "sessions" at locations including hotels and private apartments in London and other cities. "Some of them were quite open about who they were. They had no fear at all of being caught, it didn't cross their mind." Nick said he had one motivation for speaking to the BBC - to encourage other alleged victims or those who unwittingly assisted the abusers to come forward. "People who drove us around could come forward. Staff in some of the locations could come forward. We weren't smuggled in under a blanket through the back door. It was done openly and people must have questioned that and they need to come forward."
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. And read an abundance of major media news articles showing rampant child sexual abuse at high levels in many prominent organizations.
A scathing examination of this citys Police Department has concluded that five detectives tasked with investigating sex crimes failed to pursue hundreds of reported cases. It was a persistent, systemic problem, said Howard Schwartz, the inspector generals lead investigator. The report described how victims charges of sexual assault were ignored, referrals from medical personnel were dismissed, and evidence was not processed; in some cases the detective would mark down in a report that evidence had been sent to the state laboratory, though no records could be found that the laboratory received anything. In one case, a 2-year-old was brought to the emergency room on suspicion of having been the victim of a sexual assault and was found to have a sexually transmitted disease. The detective did no follow-up and closed the case. In another, a nurse collected DNA evidence from a victim in a rape kit, but the detective apparently never submitted the kit for testing. That same detective, the report said, told at least three different people that he or she did not believe that simple rape should be a crime. These findings are not new to the New Orleans police force, which is under federal court supervision after having been found to have a pattern of inefficient, abusive and corrupt police work.
Note: For more along these lines, see these concise summaries of deeply revealing government corruption and sex abuse scandal news articles from reliable sources.
Tom Attwater is dying of a brain tumor, but he isnt worried about his cancer. Instead, he is trying to save his 5 year-old daughter from her own. He has vowed to raise approximately $820,200.00 for her cancer treatment, even if he wouldnt be around to see her go through it. Now Tom is almost half way to his fundraising target. Tragically his deadline is short as his latest scans show his brain tumour is growing. He says: These days people make bucket lists, and the very top of mine the one that matters most is raising money to make sure Kelli gets the medical help she might need." Tom is dedicated to leaving a legacy behind for her, as well as this touching letter: Darling Kelli, Im so sorry I will not get to see you grow up as I so want to. Please dont blame people or the world for this. A lot of life is simply luck and mine is running out. I wish I had the words to make you feel better. I wish I didnt have cancer and you didnt have to see me in pain as you often do now. I wish so many things were different but they are not. Most dads and daughters have decades to chat around the kitchen table, their hands warmed by mugs of coffee, as the dad dishes out advice and their girls no doubt roll their eyes. We dont have that time. But while your old dad is still around I thought Id try to give you some life advice.
Note: Read the all of Tom Attwater's inspiring letter to his daughter in the article above. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The Obama administration has formally endorsed provisions of an international treaty banning torture and cruel treatment of prisoners held by the United States. In a statement Wednesday to a U.N. treaty-monitoring committee in Geneva, Assistant Secretary of State Tom Malinowski said, We believe that torture, and cruel, inhuman and degrading treatment and punishment are forbidden in all places, at all times, with no exceptions. State Department legal adviser Mary E. McLeod affirmed to the committee that the definition covers all areas under U.S. jurisdiction and territory. McLeod also reaffirmed that no statement made by a person as a result of torture is admissible in any legal proceeding. The ... issue is likely to reemerge in the United States with the release of a lengthy summary of the Senate Intelligence Committees classified report on the detention and interrogation program that was put in place following the Sept. 11, 2001, attacks. The release has been held up in a dispute between the committee majority and the CIA over portions of the report the intelligence agency believes should remain secret. In her remarks to the committee, McLeod said that in the wake of the 9/11 attacks, we regrettably did not always live up to our own values. As President Obama has acknowledged, we crossed the line and we take responsibility for that.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Scientists have created a mind-control system that allows a person to alter the genes in a mouse through the power of thought. A person wearing the device could alter how much protein was made from a gene in the mouse. Volunteers found that they could turn the gene on or off in the mouse at will. The experiment could lead to the development of a radical new approach to the treatment of diseases. Martin Fussenegger, a bioengineer who leads the project at ETH Zurich said he hoped to see clinical trials in people with chronic pain or epilepsy in the next five years. Fusseneggers team describes a system that demonstrates the idea. The mouse was fitted with a small implant containing copper coils, a light-emitting diode (LED) and a tiny container of genetically modified cells. When the electromagnetic field switches on beneath the mouse, an electric current is induced in the implants coils which makes the LED shine. This light illuminates the cells which are designed to respond by switching on a particular gene, causing the cells to make a new protein which seeps out of the implants membrane. In the tests, the new protein ... allowed scientists to measure its levels ... while people wearing the headset changed their state of mind. In a series of follow-up experiments, volunteers wearing the headset could see when the LED came on, because the red light shone through the mouses skin. In time, they learned to control the light and so the gene simply by thinking.
Note: For more along these lines, see concise summaries of deeply revealing microchip news articles from reliable major media sources.
These 16 individuals under 20 have all invented solutions that have somehow eluded those who can legally drink. Many of these kids were inspired by simple necessity. Others were driven by compassion. Some of them were just doing science fair projects. Eesha Khare: This 18-year-old from Saratoga, California, was still in high school when she invented a battery that can be charged in 20 seconds. It also lasts 10 times as long as a standard battery. Ryan Patterson: The inability to communicate with most hearing people makes life difficult for deaf persons. Knowing this, Colorado-born Ryan invented a glove that translates sign language. Its simply a golf glove that uses sensors, a radio frequency transmitter, and a microcontroller to interpret hand movements. He was 17. Why didnt anyone else think of this? Raquel Redshirt: Growing up in New Mexicos Navajo Nation, Raquel experienced poverty so extreme that her family and neighbors often couldnt afford electricity, making it near impossible to cook anything. So at 16, she discovered a way to make solar-powered ovens using the simple materials collected around the area. Working with old tires, aluminum foil, shredded paper, and dirt, she made these usually expensive ovens for the people in her community. Have you built any ovens for your neighbors lately?
Note: Why aren't some of these inventions being hailed and promoted widely in the media? Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
U.S. violent crimes including murders fell 4.4 percent in 2013 to their lowest number since the 1970s, continuing a decades-long downturn, the FBI said on Monday. The law enforcement agency's annual Crime in the United States report showed the country had an estimated 1.16 million violent crimes last year, the lowest number since 1.09 million were recorded in 1978. All types of violent crimes were lower, with murder and non-negligent manslaughter off 4.4 percent to 14,196, the lowest figure since 1968. Rape was down 6.3 percent and robbery fell 2.8 percent, the Federal Bureau of Investigation data showed. The violent crime rate last year was 367.9 for each 100,000 in population, down 5.1 percent from 2012. The rate has fallen every year since at least 1994, the earliest year for readily accessible FBI data, and the 2013 figure was about half the 1994 rate. Property crimes fell 4.1 percent ... the 11th straight yearly decline. In an analysis, the non-profit Pew Charitable Trusts said the drop in crime coincided with a decline in the prison population, with the number of U.S. prisoners down 6 percent in 2013 from its peak in 2008. Thirty-two of the 50 states have seen a drop in crime rates as the rate of imprisonment fell, Pew said. California notched the largest drop in imprisonment rate over the five-year period, at 15 percent, and crime was down 11 percent. The state has been under court order to reduce prison overcrowding, and voters last week approved an initiative that reduced sentences for some crimes.
Note: Why isn't this inspiring news being broadcast widely by the media? And why hasn't the FBI website updated their data on this since 2010? The police and media appear to consistently downplay the huge drop in violent crime since 1994. According to the FBI's own statistics, violent crime has currently dropped to 1/3 or less what it was in 1994. See the revealing FBI graphs and charts here, here, and here. Yet some of these charts have now been removed and mention of this huge decrease downplayed. The obvious reason is that a large decrease in crime might cause people to want to decrease police and FBI budgets. More here.
Drugmakers including Mapp Biopharmaceutical Inc., Johnson & Johnson and Emergent Biosolutions Inc. (EBS) are among companies standing to gain from what may be $2 billion in U.S. contracts related to Ebola. President Barack Obama asked Congress last week for $6.2 billion in emergency funding to stop the spread of the virus that has killed more than 4,800 people in West Africa. The request is heavily focused on health needs as opposed to prior funding that was largely centered on defense contracts, Brian Friel, a Bloomberg Intelligence contracts analyst, said. Friel said he expects multiple drugmakers involved in Ebola will share in what will likely be no-bid contract awards to make everyone happy. His $2 billion estimate is based on the percentage of its budget the Department of Health and Human Services spent on contracts last year. Little information is available yet about which companies are getting Ebola-related public funding. Congress has approved $838 million in Ebola money this year, resulting in $77 million in contracts so far. Not all awards have been made public. The U.S. has spent more than $400 million as of Oct. 24.
Note: Read this webpage which lays bare the gross profiteering by pharmaceuticals on pandemics like ebola as reported in the mainstream media.
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