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.
If you want to understand the way prescription drugs are marketed today, have a look at the 1928 book, Propaganda, by Edward Bernays, the father of public relations in America. For Bernays, the public relations business was less about selling things than about creating the conditions for things to sell themselves. When Bernays was working as a salesman for Mozart pianos, for example, he did not simply place advertisements for pianos in newspapers. That would have been too obvious. Instead, Bernays persuaded reporters to write about a new trend: Sophisticated people were putting aside a special room in the home for playing music. Once a person had a music room, Bernays believed, he would naturally think of buying a piano. As Bernays wrote, "It will come to him as his own idea." Just as Bernays sold pianos by selling the music room, pharmaceutical marketers now sell drugs by selling the diseases that they treat. The buzzword is "disease branding." To brand a disease is to shape its public perception in order to make it more palatable to potential patients. Once a branded disease has achieved a degree of cultural legitimacy, there is no need to convince anyone that a drug to treat it is necessary. It will come to him as his own idea. It is hard to brand a disease without the help of physicians, of course. So drug companies typically recruit academic "thought leaders" to write and speak about any new conditions they are trying to introduce.
Note: This key topic is discussed in great depth in the BBC's documentary "Century of the Self" available here. And for a top doctor's analysis that the cholesterol scare was largely manufactured for profit, click here.
Compensation on Wall Street is on pace to break a record high for a second consecutive year, as more than three dozen top banks and securities firms will pay $144 billion in salary and benefits ... a 4% increase from the $139 billion paid out in 2009. Compensation was expected to rise at 26 of the 35 firms. Overall, Wall Street is expected to pay 32.1% of its revenue to employees, the same as last year, but below the 36% in 2007. Profits, which were depressed by losses in the past two years, have bounced back from the 2008 crisis. But the estimated 2010 profit of $61.3 billion for the firms surveyed still falls about 20% short from the record $82 billion in 2006. Over that same period, compensation across the firms in the survey increased 23%. "Until focus of these institutions changes from revenue generation to long-term shareholder value, we will see these outrageous pay packages and compensation levels," said Charles Elson, director of the Weinberg Center for Corporate Governance.
Note: For many key reports from reliable sources on Wall Street's profiteering, click here.
Chris Miller nearly doubled his $3,500 stock investment in a renewable-energy firm in 2008. It was a perfectly legal bet, but he's no ordinary investor. Mr. Miller is the top energy-policy adviser to Nevada Democrat and Senate Majority Leader Harry Reid, who helped pass legislation that wound up benefiting the firm. Mr. Miller isn't the only Congressional staffer making such stock bets. At least 72 aides on both sides of the aisle traded shares of companies that their bosses help oversee, according to a Wall Street Journal analysis of more than 3,000 disclosure forms covering trading activity by Capitol Hill staffers for 2008 and 2009. The Journal analysis showed that an aide to a Republican member of the Senate Banking Committee bought Bank of America Corp. stock before results of last year's government stress tests eased investor concerns about the health of the banking industry. A top aide to the House Speaker profited by trading shares of Freddie Mac and Fannie Mae in a brokerage account with her husband two days before the government authorized emergency funding for the companies. The aides identified by the Journal say they didn't profit by making trades based on any information gathered in the halls of Congress. Even if they had done so, it would be legal, because insider-trading laws don't apply to Congress. Unlike many Executive Branch employees, lawmakers and aides don't have restrictions on their stock holdings and ownership interests in companies they oversee.
Note: Why is Congress exempt from so many of its own laws? Who is willing to start a movement to stop this? For lots more on government corruption from major media sources, click here.
Radio frequency identification — the same technology used to monitor cattle — is tracking students in the Spring and Santa Fe school districts. Identification badges for some students in both school districts now include tracking devices that allow campus administrators to keep tabs on students' whereabouts on campus. Some parents and privacy advocates question whether the technology could have unintended consequences. The tags remind them of George Orwell's Big Brother, and they worry that hackers could figure a way to track students after they leave school. Identity theft and stalking could become serious concerns, some said. "There [are] real questions about the security risks involved with these gadgets," said Dotty Griffith, public education director for the ACLU of Texas. "Readers can skim information. To the best of my knowledge, these things are not foolproof. We constantly see cases where people are skimming, hacking and stealing identities from sophisticated systems." The American Civil Liberties Union fought the use of this technology in 2005 - when a rural elementary school in California was thought to be the first in the U.S. to introduce the badges. The program was dismantled because of parental concern.
Note: For key reports from reliable sources on the risks to liberty and privacy posed by RFID technologies, click here.
Micro-asset financing is a relatively recent innovation in micro-finance - which is best known for small loans issued to people trying to escape poverty by starting a business - and is an example of how the field has explored different loan models. Kiva, celebrating its fifth anniversary on [October 13], took that experimentation to a new level in 2005 when it coupled the Internet and large numbers of individual lenders with needy borrowers. Using a Web portal, Kiva facilitates loans from individuals who can log onto its site and read borrowers' stories. Kiva partners with lending organizations in developing countries, which take the no-interest loans from Kiva and distribute them locally. Kiva lenders are paid back if the borrower succeeds, but do not earn interest. In recent years, with the help of Kiva, micro-finance as an anti-poverty tool has quickly grown in popularity. Economist Muhammad Yunus and his Grameen Bank in Bangladesh are credited with pioneering the micro-finance movement in the mid-1970s by lending small amounts of money to basket weavers. He won the Nobel Peace Prize in 2006 for his efforts. But the concept received much broader exposure in the United States after Kiva came along. Described by some as "the Internet generation's answer to charity," Kiva became the philanthropy du jour for a time, and in the United States, was endorsed by celebrities and academics alike.
Note: For our excellent essay on building a better world through microlending, please visit this link.
A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos as Bank of America [today] became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states. The move ... adds to growing concerns that mortgage lenders have been evicting homeowners using flawed court papers, without verifying the information in them. Bank of America Corp., the nation’s largest bank, said [its decision] applies to homes that the bank takes back itself and those that it transfers to investors such as mortgage giants Fannie Mae and Freddie Mac. The bank did so in reaction to mounting pressure from public officials inquiring about the accuracy of foreclosure documents. A document obtained last week by The Associated Press showed a Bank of America official acknowledging in a legal proceeding that she signed thousands of foreclosure documents a month and typically didn’t read them. The official, Renee Hertzler, said in a February deposition that she signed up to 8,000 such documents a month.
Note: For any who might be facing home foreclosure, don't miss the CNN News clip with important advice from a courageous congresswoman available here. For many key reports from reliable sources on the corrupt practices of major banks, click here.
Americans die sooner than citizens of a dozen other developed nations and the usual suspects -- obesity, traffic accidents and a high murder rate -- are not to blame. Instead, poor healthcare may be to blame, the team at Columbia University in New York reported. They found that 15-year survival rates for men and women aged 45 to 65 have fallen in the United States relative to the other 12 countries over the past 30 years. In June, the Commonwealth Fund, which advocates on and does research focusing on healthcare reform, reported that Americans spend twice as much on healthcare as residents of other developed countries -- $7,290 per person -- but get lower quality and less efficiency. Between 1975 and 2005, medical costs went up in all the countries, as did life expectancy. But costs went up far more in the United States and life expectancy increased to a far lower degree. "In 1950, the United States was fifth among the leading industrialized nations with respect to female life expectancy at birth, surpassed only by Sweden, Norway, Australia, and the Netherlands," [the report authors] wrote. At last count, the United States was 46th in female life expectancy; 49th for both sexes.
Note: For key reports from reliable sources on important health issues, click here.
The commander of Canada's largest air force base is to plead guilty to the murder of two women and the sexual assault of two others, his lawyer says. Col Russell Williams once acted as pilot for Queen Elizabeth II and was in charge of Base Trenton in Ontario - Canada's busiest air force hub. His lawyer told an Ontario court he would plead guilty to all charges. He is also charged with 82 counts of breaking and entering. Prosecutors said he had stolen women's underwear. One woman was found dead in her house in November 2009. The other went missing in January this year. The murder victims were Marie Comeau, a 38-year-old corporal, who lived in Brighton, Ontario, and Jessica Lloyd, 27, a resident of Belleville, Ontario. The Ottawa Citizen newspaper reported that police had seized 500 items of women's underwear from Col Williams's home in Ottawa. "He was able to lead an elaborate double life and was able to keep it successfully concealed," said a senior officer who once promoted Col Williams, retired Lt-Gen Angus Watt.
Note: This kind of behavior in the top levels of the military may be much more common than you would expect. To understand more, learn about Kay Griggs, whose Marine colonel husband was deeply involved in this kind of thing at a high level. To watch a 10-minute video clip of Kay, click here. For more, click here.
For months, companies have been sitting on the sidelines with record piles of cash. Now they're starting to deploy some of that money - not to hire workers or build factories, but to prop up their share prices. Sitting on these unprecedented levels of cash, U.S. companies are buying back their own stock in droves. So far this year, firms have announced they will purchase $273 billion of their own shares, more than five times as much compared with this time last year, according to Birinyi Associates, a stock market research firm. But the rise in buybacks signals that many companies [do not plan to] spend their cash on the job-generating activities that could produce economic growth. "They don't know what they want to do with all the cash they're sitting on," said Zachary Karabell, president of RiverTwice Research. Historically low interest rates are also prompting some companies to borrow to repurchase shares. Microsoft, for instance, borrowed $4.75 billion last month by issuing new bonds at rock-bottom interest rates and announced it would use some of that money to buy back shares. The company already has nearly $37 billion in cash. A share buyback is a quick way to make a stock more attractive to Wall Street. It improves a closely watched metric known as earnings per share, which divides a company's profit by the total number of shares on the market. Such a move can produce a sudden burst of interest in a stock, improving its price.
Note: For lots more from reliable sources on the massive profiteering by corporate recipients of government financial largesse, click here.
A US terror alert issued this week about al-Qaida plots to attack targets in western Europe was politically motivated and not based on credible new information, senior Pakistani diplomats and European intelligence officials have told the Guardian. The non-specific US warning ... was an attempt to justify a recent escalation in US drone and helicopter attacks inside Pakistan that have "set the country on fire", said Wajid Shamsul Hasan, the high commissioner to Britain. Hasan ... suggested the Obama administration was playing politics with the terror threat before next month's midterm congressional elections. "I will not deny the fact that there may be internal political dynamics, including the forthcoming midterm American elections," Hasan said. European intelligence officials also pointed the finger at the US, and specifically at the White House. "To stitch together [the terror plot claims] in a seamless narrative is nonsensical," said one well-placed official. By making it clear that the US drone strikes were pre-emptive, and were not in any way combating an imminent threat, European officials raised fresh questions ... about the legality of the attacks, which could be viewed as assassinations. They said Washington was the "driver" behind claims about a series of "commando-style" plots and that the CIA – perhaps because it was worried about provoking unwelcome attention to its drone strikes – was also extremely annoyed by the publicity given to them.
Note: For highly revealing reports from major media sources on the hidden realities of the "Global War on Terror," click here.
Nearly a million workers won't get a consumer protection in the U.S. health reform law meant to cap insurance costs because the government exempted their employers. Thirty companies and organizations, including McDonald's and Jack in the Box, won't be required to raise the minimum annual benefit included in low-cost health plans, which are often used to cover part-time or low-wage employees. The Department of Health and Human Services, which provided a list of exemptions, said it granted waivers in late September so workers with such plans wouldn't lose coverage from employers who might choose instead to drop health insurance altogether. Without waivers, companies would have had to provide a minimum of $750,000 in coverage next year, increasing to $1.25 million in 2012, $2 million in 2013 and unlimited in 2014.
Note: For lots more on corporate and government corruption from reliable sources, click here and here.
Most investors, when sizing up a company, ask a simple question: "Will this company make me money?" But John Grafer, a principal with Satori Capital, likes to ask a question most traditional investors never think of: "Does your receptionist have an equity stake in your company?" Grafer is one of a growing breed of investors who look beyond the bottom line and ask what a company is doing to help society. It's called impact investing, and its supporters say it combines the shrewdness of the for-profit marketplace with an earnest desire to do good. "It's the opposite of a quick flip," Grafer said. "While there might not be a short-term return, you get a larger long-term return." The companies that make up Satori's $175 million fund all have to meet strict financial and social benchmarks. Grafer said he focuses on ownership, the environment, civic involvement and respectful relationships with customers. A report by Hope Consulting indicates that investors were willing to spend as much as $120 billion on companies that promise social and financial return, if the right product were available. Four social market funds are well on their way to reaching $100 million. And attendance at this year's conference was double what it was when the conference began just three years ago. Organizers say the trend toward socially conscious investing has been spurred by the downturn in the economy. "The traditional market failed," said Kevin Jones, of San Francisco's Good Capital and a conference organizer. "This kind of stuff works without creating a bubble."
Note: For an excellent example of investing for social good while still make a return on your investing, check out our excellent piece on microlending at this link.
Government scientists wanted to tell Americans early on how bad the BP oil spill could get, but the White House denied their request to make the worst-case models public, a report by the staff of the national panel investigating the spill said Wednesday. Although not a final report, it could raise questions over whether the Obama administration tried to minimize the extent of the BP oil spill, the worst man-made environmental disaster in U.S. history. The staff paper said that underestimating the flow rates "undermined public confidence in the federal government's response" by creating the impression that the government was either incompetent or untrustworthy. The paper said that the loss of trust "fuels public fears." In a separate report, the commission's staff concluded that despite the Coast Guard's insistence that it was always responding to the worst-case scenario, the failure to have an accurate flow rate slowed the response and lulled Obama administration officials into a false belief that the spill would be controlled easily. The first report said that the "decision to withhold worst-case discharge figures" may have been made at a high level. It said that in late April or early May, the National Oceanic and Atmospheric Administration "wanted to make public some of its long-term, worst-case discharge models for the Deepwater Horizon spill, and requested approval to do so from the White House's Office of Management and Budget. Staff was told that the Office of Management and Budget denied NOAA's request."
Note: For key reports on government corruption, click here.
The White House is going solar after all - a home improvement that carries modest energy benefits but much larger symbolic importance. It isn't the first time the White House has used solar energy. President Jimmy Carter put 32 solar panels on the roof in the late 1970s, but President Ronald Reagan removed them in 1986. Two grass-roots campaigns have recently been lobbying President Obama to restore them as a sign of his commitment to renewable energy. The roof of the White House residence will get solar panels and a solar water heater, Energy Secretary Steven Chu and the White House Council on Environmental Quality's chair, Nancy Sutley. A campaign launched by Oakland, Calif.-based Sungevity called Solar on the White House and another by 350.org founder Bill McKibben tried to get Obama to reinstall solar panels. "The White House did the right thing, and for the right reasons: They listened to the Americans who asked for solar on their roof, and they listened to the scientists and engineers who told them this is the path to the future," McKibben said in a statement. "If it has anything like the effect of the White House garden, it could be a trigger for a wave of solar installations across the country and around the world," he said.
Like nearly all of the residents on this island in Penobscot Bay, Art Lindgren and his wife, Cheryl, celebrated the arrival of three giant wind turbines late last year. That was before they were turned on. “In the first 10 minutes, our jaws dropped to the ground,” Mr. Lindgren said. “Nobody in the area could believe it. They were so loud.” Now, the Lindgrens, along with a dozen or so neighbors living less than a mile from the $15 million wind facility here, say the industrial whoosh-and-whoop of the 123-foot blades is making life in this otherwise tranquil corner of the island unbearable. They are among a ... growing number of families and homeowners across the country who say they have learned the hard way that wind power ... is not without emissions of its own. Lawsuits and complaints about turbine noise, vibrations and subsequent lost property value have [been brought] in Illinois, Texas, Pennsylvania, Wisconsin and Massachusetts, among other states. “The quality of life that we came here for was quiet,” Mrs. Lindgren said. “You don’t live in a place where you have to take an hour-and-15-minute ferry ride to live next to an industrial park. And that’s where we are right now. The wind industry has long been dogged by ... complaints about turbines, [including] that they have direct physiological impacts like rapid heart beat, nausea and blurred vision caused by the ultra-low-frequency sound and vibrations from the machines.
Note: National Wind Watch is a clearinghouse for information on industrial wind energy. The Society for Wind Vigilance is an international group of physicians, engineers and other professionals who are promoting guidelines for appropriate siting of industrial wind turbines and independent third-party research to mitigate risks to public health.
Monsanto, the giant of agricultural biotechnology, has been buffeted by setbacks this year that have prompted analysts to question whether its winning streak of creating ever more expensive genetically engineered crops is coming to an end. The latest blow came last week, when early returns from this year’s harvest showed that Monsanto’s newest product, SmartStax corn, which contains eight inserted genes, was providing yields no higher than the company’s less expensive corn, which contains only three foreign genes. Monsanto has already been forced to sharply cut prices on SmartStax and on its newest soybean seeds, called Roundup Ready 2 Yield, as sales fell below projections. Sales of Monsanto’s Roundup, the widely used herbicide, has collapsed this year under an onslaught of low-priced generics made in China. Weeds are growing resistant to Roundup, dimming the future of the entire Roundup Ready crop franchise. And the Justice Department is investigating Monsanto for possible antitrust violations. Until now, Monsanto’s main challenge has come from opponents of genetically modified crops, who have slowed their adoption in Europe and some other regions. Now, however, the skeptics also include farmers and investors who were once in Monsanto’s camp.
Note: For those who are not aware of how Monsanto executives are quite consciously endangering your health, click here.
A document obtained and witnesses interviewed by Fox News raise new questions over whether there was an effort by the Defense Department to cover up a pre-9/11 military intelligence program known as "Able Danger." At least five witnesses questioned by the Defense Department's Inspector General told Fox News that their statements were distorted by investigators in the final IG's report -- or it left out key information, backing up assertions that lead hijacker Mohammed Atta was identified a year before 9/11. Lt. Col Tony Shaffer, an operative involved with Able Danger [and author of Operation Dark Heart, a recent book which discussed the Able Danger operation, and all copies of which were destroyed by the Pentagon] said, "My last interview was very, very hostile." When asked why the IG's report was so aggressive in its denials of his claims and those of other witnesses -- that the data mining project had identified Atta as a threat to the U.S. before 9/11 -- Shaffer said [the] Defense Department was worried about taking some of the blame for 9/11. Specifically, the Defense Intelligence Agency ... wanted the removal of references to a meeting between Shaffer and the executive director of the 9/11 Commission, Philip Zelikow, removed. Shaffer alleges that in that meeting, which took place in Afghanistan, the commission was told about Able Danger and the identification of Atta before the attacks. Shaffer, who was undercover at the time, said there was "stunned silence" at the meeting. No mention of this was made in the final 9/11 Commission report.
Note: Able Danger was the program which identified Mohamed Atta and three other alleged 9/11 hijackers as a potential terror threat before 9/11. To read major media reports on the intense controversy around this program (which is likely why Shaffer's book is being burned by the Pentagon), click here. For a highly revealing Fox News interview with Col. Shaffer on these major deceptions, click here.
The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the financial system, bankers catering to the very rich said [today]. Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit. "They don't only buy ETFs or futures; they buy physical gold," said Stadler, who runs the Swiss bank's services for clients with assets of at least $50 million to invest. UBS is recommending top-tier clients hold 7-10 percent of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,314.50 an ounce [today], near the record level reached last week. Julius Baer's chief investment officer for Asia is also recommending that wealthy investors park some of their assets in gold as a defensive stance following a string of lackluster U.S. data and amid concerns about currency weakness.
Note: Gold has increased from under $300/oz at the time of 9/11 to over $1,300 in Oct. 2010. Is it a bubble, or a sign that our economy could be collapsing?
U.S. companies are rebounding quickly from the recession and posting near-historic profits, the result of aggressively re-tooling their operations to cope with lower revenue and an uncertain outlook. An analysis by The Wall Street Journal found that companies in the Standard & Poor's 500-stock index posted second-quarter profits of $189 billion, up 38% from a year earlier and their sixth-highest quarterly total ever, without adjustment for inflation. For all U.S. companies, the Commerce Department estimates second-quarter after-tax profits rose to an annual rate of $1.208 trillion, up 3.9% from the first quarter and up 26.5% from a year earlier. That annual rate is the highest on record, though it doesn't account for inflation. As a percentage of national income, after-tax profits were the third-highest since 1947, surpassed only by two quarters in 2006, near the peak of the last economic expansion. The data indicate that big companies are recovering from the downturn faster and more strongly than the overall economy, helping send stock prices higher this year. To achieve that performance, companies laid off hundreds of thousands of workers, closed less-profitable units, shifted work to cheaper regions and streamlined processes. Despite the hefty profits, executives aren't expected to boost spending on new employees, products and equipment anytime soon. "We've focused on permanent changes that won't have to be undone as sales improve," said John Riccitiello, chief executive of Electronic Arts.
Note: For highly revealing reports on income inequality, click here.
About a week ago, Iranian President Mahmoud Ahmadinejad declared to the United Nations that most people in the world believe the United States was behind the terrorist attacks of Sept. 11, 2001. Surveys show that a majority of the world does not in fact believe that the U.S. orchestrated the attacks. However, the belief persists strongly among a minority, even with U.S. allies like Turkey or in the U.S. itself. A 2006 survey by the Pew Global Attitudes Project found that significant majorities in Egypt, Indonesia, Jordan and Turkey ... said they did not believe Arabs carried out the attacks. Such beliefs have currency even in the United States. In 2006, a Scripps Howard poll of 1,010 Americans found 36 percent thought it somewhat or very likely that U.S. officials either participated in the attacks or took no action to stop them. Tod Fletcher of [WantToKnow.info] has worked as an assistant to David Ray Griffin, on books that question the Sept. 11 record. He was cautious about the Iranian president's comments about conspiracy theories, suggesting Ahmadinejad may have been politically motivated by his enmity with the U.S. government. "It seems like it's the sort of thing that could lead to further vilification of people who criticize the official account here in the United States," Fletcher said.
Note: To listen to Tod Fletcher's commentary on WantToKnow team member David Ray Griffin's recent book, Cognitive Infiltration: an Obama Appointee's Plan to Undermine the 9/11 Conspiracy Theory, about the latest attempts by the US government to vilify 9/11 truth movement members as "extremist," "violent" and "likely to resort to terrorism", 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.