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Media Articles
Excerpts of Key Media Articles in Major Media


Below are key excerpts of highly revealing media articles from the major media. Links are provided to the full articles on their media websites. If any link fails to function, read this webpage. These media articles are listed in reverse date order. You can also explore the articles listed by order of importance or by date posted. By choosing to educate ourselves and to spread the word, we can build a brighter future.

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.


The 'Obama doctrine': kill, don't detain
2010-04-11, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/commentisfree/cifamerica/2010/apr/11/obama-national...

Extrajudicial killings and targeted assassinations will soon become the main point of contention that Obama's administration will need to justify. The extensive use of drones under Obama have taken the death count well beyond anything that has been seen before. The legal justifications put forward by [the Obama administration] are reminiscent of the arguments that were used by John Yoo and others in their bid to lend legitimacy to unlawful practices such as rendition, arbitrary detention and torture. The laws of war do not allow for the targeting of individuals outside of the conflict zone, and yet we now find that extrajudicial killings are taking place in countries as far apart as Yemen, the Horn of Africa and Pakistan. From a legal and moral perspective, the rationale provided by the State Department is bankrupt and only reinforces the stereotype that the US has very little concern for its own principles. The hope that came with the election of Barack Obama has faded as his policies have indicated nothing more than a reconfiguration of the basic tenet of the Bush Doctrine – that the US's national security interests supersede any consideration of due process or the rule of law. The only difference – witness the rising civilian body count from drone attacks – being that Obama's doctrine is even more deadly.

Note: For lots more on the realities of the "war on terror", click here.


Hallucinogens Have Doctors Tuning In Again
2010-04-11, New York Times
http://www.nytimes.com/2010/04/12/science/12psychedelics.html

Scientists are taking a new look at hallucinogens, which became taboo among regulators after enthusiasts like Timothy Leary promoted them in the 1960s with the slogan �Turn on, tune in, drop out.� Now, using rigorous protocols and safeguards, scientists have won permission to study once again the drugs� potential for treating mental problems and illuminating the nature of consciousness. Researchers from around the world are gathering this week in San Jose, Calif., for the largest conference on psychedelic science held in the United States in four decades. They plan to discuss studies of psilocybin and other psychedelics for treating depression in cancer patients, obsessive-compulsive disorder, end-of-life anxiety, post-traumatic stress disorder and addiction to drugs or alcohol. Scientists are especially intrigued by the similarities between hallucinogenic experiences and the life-changing revelations reported throughout history by religious mystics and those who meditate. These similarities have been identified in neural imaging studies conducted by Swiss researchers and in experiments led by Roland Griffiths, a professor of behavioral biology at Johns Hopkins. In one of Dr. Griffiths�s first studies, involving 36 people with no serious physical or emotional problems, he and colleagues found that psilocybin could induce what the experimental subjects described as a profound spiritual experience with lasting positive effects for most of them.

Note: For key reports on health issues from reliable sources, click here.


Kissinger Blocked Demarche On International Assassinations To Condor States
2010-04-10, The National Security Archive, George Washington University
http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB312/index.htm

Only five days before a car bomb planted by agents of the Pinochet regime rocked downtown Washington D.C. on September 21, 1976, [assassinating Chilean exile diplomat Orlando Letelier and his assistant Ronni Moffitt,] Secretary of State Henry Kissinger rescinded instructions sent to, but never implemented by, U.S. ambassadors in the Southern Cone to warn military leaders there against orchestrating "a series of international murders," declassified documents obtained and posted by the National Security Archive revealed today. The instructions effectively ended efforts by senior State Department officials to deliver a diplomatic demarche, approved by Kissinger only three weeks earlier, to express "our deep concern" over "plans for the assassination of subversives, politicians, and prominent figures both within the national borders of certain Southern Cone countries and abroad." "The September 16th cable is the missing piece of the historical puzzle on Kissinger's role in the action, and inaction, of the U.S. government after learning of Condor assassination plots," according to Peter Kornbluh, the Archive's senior analyst on Chile and author of the book, The Pinochet File: A Declassified Dossier on Atrocity and Accountability. "We know now what happened: The State Department initiated a timely effort to thwart a 'Murder Inc' in the Southern Cone, and Kissinger, without explanation, aborted it," Kornbluh said.

Note: George H.W. Bush was head of the CIA when Orlando Letelier was assassinated just a few blocks away from the director's office. For the full text of the documents click on the link above. For an analysis, click here.


George W. Bush 'knew Guantnamo prisoners were innocent'
2010-04-09, The Times (One of the UK's leading newspapers)
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7092435.ece

George W. Bush, Dick Cheney and Donald Rumsfeld covered up that hundreds of innocent men were sent to the Guantnamo Bay prison camp because they feared that releasing them would harm the push for war in Iraq and the broader War on Terror, according to a new document obtained by The Times. The accusations were made by Lawrence Wilkerson, a top aide to Colin Powell, the former Republican Secretary of State, in a signed declaration to support a lawsuit filed by a Guantnamo detainee. He claimed that the former Vice-President and Defence Secretary knew that the majority of the initial 742 detainees sent to Guantnamo in 2002 were innocent but believed that it was politically impossible to release them. Colonel Wilkerson, a long-time critic of the Bush Administrations approach to counter-terrorism and the war in Iraq, claimed that the majority of detainees children as young as 12 and men as old as 93 never saw a US soldier when they were captured. He said that many were turned over by Afghans and Pakistanis for up to $5,000. Little or no evidence was produced as to why they had been taken. He also claimed that one reason Mr Cheney and Mr Rumsfeld did not want the innocent detainees released was because the detention efforts would be revealed as the incredibly confused operation that they were.

Note: For lots more on the realities of the "war on terror", click here.


Inquiry puts spotlight on U.S. Special Forces in Afghanistan
2010-04-09, Chicago Tribune/Los Angeles Times
http://www.chicagotribune.com/news/nationworld/la-fg-afghan-special-forces9-2...

In nearly nine years of warfare in Afghanistan, U.S. Special Forces have done their fighting in the shadows, governed by rules largely of their own making. Now, these elite and secretive troops, their actions long shielded from public scrutiny, are the focus of a high-profile investigation that could shed unprecedented light on their methods and tactics. American and Afghan officials are probing a possible attempted coverup in the deaths of five Afghan civilians in February in a raid carried out by U.S. Special Forces accompanied by Afghan troops. Three of those killed were women and among the charges is that the bodies were tampered with by coalition forces to conceal the cause of death. Special Forces are inextricably linked to one of the most contentious issues between the Afghan government and Western forces: civilian deaths and injuries. Special Forces account for a disproportionate share of civilian casualties caused by Western troops ... though there are no precise figures because so many of their missions are deemed secret. In mountain villages and desert hamlets, the Special Forces inspire dread among Afghans, who tend to speak of them in whispers. Their strikes are usually swift and violent, most often taking place in the dead of night.

Note: For lots more from reliable sources on US military atrocities in Afghanistan and Iraq, click here.


Obama gives order to kill American imam
2010-04-08, The Times (One of the UK's leading newspapers)
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7089899.ece

The Obama Administration has taken the unprecedented step of authorising the killing of a US citizen, the radical Muslim cleric Anwar al-Awlaki. The decision is extraordinary not only because Mr al-Awlaki is believed to be the first American whose killing has been approved by a US President, but also because the Obama Administration chose to make the move public. The Los Angeles Times reported in January that Mr al-Awlaki’s name had been placed on a top-secret list of targeted killings. In the past 24 hours, however, a handful of intelligence and counter-terrorism officials have briefed Reuters and The New York Times on the decision. The authorisation ... and the decision to make it public is a high-risk strategy. Tina Foster, of the US-based International Justice Network, told The Times: “It is shocking that our Government would go to these extremes, even depriving someone of their life without a legal process.” The policy of targeted killings is controversial. President Ford issued an order in 1976 banning political assassinations. Yet Congress approved the use of force against al-Qaeda after the September 11 attacks.

Note: Obama is the first president to publicly order the assassination an American citizen. Neither George W. Bush nor Dick Cheney asserted such a power on the part of the president.


Navy Submarine Runs Eternally on Thermal Power from Ocean Currents
2010-04-08, Popular Science magazine
http://www.popsci.com/technology/article/2010-04/submarine-runs-eternally-the...

A Navy-funded thermal engine bobbing off the coast of Hawaii is accomplishing a rare feat -- it produces more energy than it consumes. Though it's not quite a perpetual motion machine, it could provide scientists or the Navy with a perpetual presence on the seas. The engine is attached to an unmanned underwater vessel, called SOLO-TREC, and uses the energy of the ocean to derive a practically limitless energy supply. SOLO-TREC is outfitted with a series of tubes full of waxy phase-change materials. As the float encounters warm temperatures near the ocean's surface, the materials expand; when it dives and the waters grow cooler, the materials contract. The expansion and contraction pressurizes oil, which drives a hydraulic motor. The motor generates electricity and recharges the batteries, which power a pump. The pump can change the float's buoyancy, allowing it to move up and down the water column. "In theory what you have now is unlimited endurance for something that has this type of engine," said Thomas Swean Jr., team leader for ocean engineering and marine systems at the Office of Naval Research, which funded the project. "Other things can break, but as far as the energy source, it will only stop working if the ocean ran out of energy, which is unlikely to happen."

Note: For lots more from major media sources on promising new energy inventions, click here.


They walk among us: 1 in 5 believe in aliens?
2010-04-08, Reuters
http://www.reuters.com/article/idUSTRE6374B220100408

Aliens exist and they live in our midst disguised as humans -- at least, that's what 20 percent of people polled in a global survey believe. The Reuters Ipsos poll of 23,000 adults in 22 countries showed that more than 40 percent of people from India and China believe that aliens walk among us disguised as humans, while those least likely to believe in this are from Belgium, Sweden and the Netherlands (8 percent each). Most ... believers are under the age of 35, and across all income classes, the survey showed.

Note: For key reports on UFOs, check out our UFO Information Center.


For Two Grieving Families, Video Reveals Grim Truth
2010-04-07, New York Times
http://www.nytimes.com/2010/04/07/world/middleeast/07baghdad.html

The women of Saeed Chmagh�s family wept, but the men did not as they watched a video of him being shot to death by a gunner on an American Apache attack helicopter. �I saw the truth,� Samir Chmagh, 19, son of the dead man, said Tuesday in his family�s living room in Baghdad. �They saw clearly that they were journalists and that they were holding cameras. It was painful when we saw this movie.� In July 2007 on the streets of Baghdad ... American troops gunned down men they identified as insurgents. The attack left 12 people dead, including Namir Noor-Eldeen, a 22-year-old Reuters photographer, and Mr. Chmagh, 40, a driver and assistant for the news agency. A video from the cockpit of an Apache helicopter was released on Monday by WikiLeaks.org, an online organization that said it had received the video from a whistle-blower in the military. The video has become an Internet sensation, with defenders saying the soldiers believed they were under threat and critics denouncing what they said were callous and bloodthirsty comments by the soldiers as they killed about a dozen people. �At last the truth has been revealed, and I�m satisfied God revealed the truth,� Noor Eldeen, the photographer�s father, said in Mosul. �If such an incident took place in America ... what would they do?�

Note: To view this disturbing video which shows how some soldiers consider this kind of killing to be a fun game, click here.


U.S. Court Curbs F.C.C. Authority on Web Traffic
2010-04-07, New York Times
http://www.nytimes.com/2010/04/07/technology/07net.html

A federal appeals court ruled on [April 6] that regulators [have] limited power over Web traffic under current law. The decision will allow Internet service companies to block or slow specific sites and charge video sites like YouTube to deliver their content faster to users. The court decision was a setback to efforts by the Federal Communications Commission to require companies to give Web users equal access to all content. The F.C.C. will now have to reconsider its strategy for mandating “net neutrality,” the principle that all Internet content should be treated equally by network providers. One option would be to reclassify broadband service as a sort of basic utility subject to strict regulation, like telephone service. Telephone companies and broadband providers have already indicated that they would vigorously oppose such a move. “You can’t have innovation if all the big companies get the fast lane,” said Gigi B. Sohn, president of Public Knowledge, which advocates for consumer rights on digital issues. “Look at Google, eBay, Yahoo — none of those companies would have survived if 15 years ago we had a fast lane and a slow lane on the Internet.”


Goldman Sachs denies 'betting against clients'
2010-04-07, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/business/2010/apr/07/goldman-sachs-letter-shareholders

Nine months after being labelled "a great vampire squid wrapped around the face of humanity", Goldman Sachs has issued a wide-ranging justification of its conduct before, during and after the financial crisis. In a letter to shareholders issued alongside Goldman's 2009 annual report, the Wall Street bank denied that it "bet against its clients" when it changed its position in the housing market in 2007, shortly before prices began to collapse. The eight-page letter, signed by chief executive Lloyd Blankfein and president Gary Cohn, also contained a detailed defence of the $12.9bn (Ł8.5bn) payout which Goldman received from AIG after the failed insurance giant was bailed out by the US government. The letter appears to be a detailed response to some of the allegations made nine months ago by Rolling Stone journalist Matt Taibbi. His article, which argued that Goldman had repeatedly profited by inflating unsustainable financial bubbles ... included the claim that the company [is] "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money". Goldman ... actually profited from the fiasco by short-selling the market before the credit crunch struck in summer 2007.

Note: Read Matt Taibbi's article on Goldman Sachs here.


Ensnared by Error on Growing U.S. Watch List
2010-04-07, New York Times
http://www.nytimes.com/2010/04/07/us/07watch.html

Every year, thousands of people find themselves caught up in the government’s terrorist screening process. Some are legitimate targets of concern, others are victims of errors in judgment or simple mistaken identity. Either way, their numbers are likely to rise as the Obama administration recalibrates the standards for identifying potential terrorists. On Friday, the administration altered rules for identifying which passengers flying to the United States should face extra scrutiny at the gate. And it is reviewing ways to make it easier to place suspects on the watch list. “The entire federal government is leaning very far forward on putting people on lists,” Russell E. Travers, a deputy director of the National Counterterrorism Center, said at a recent Senate hearing. Before the attempted attack on Christmas, Mr. Travers said, “I never had anybody tell me that the list was too small.” Now, he added, “It’s getting bigger, and it will get even bigger.” Even as the universe of those identified as a risk expands, the decision-making involved remains so secretive that people cannot be told whether they are on the watch list, why they may be on it or even whether they have been removed. Civil liberties advocates say [the secrecy] can hide mistakes and keep people wrongly singled out from seeking redress.

Note: For lots more on government threats to civil liberties, click here.


Leaked U.S. video shows deaths of Reuters' Iraqi staffers
2010-04-05, Washington Post/Reuters
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/05/AR20100405038...

Classified U.S. military video showing a 2007 attack by Apache helicopters that killed a dozen people in Baghdad, including two Reuters news staff, was released on [April 5] by a group that promotes leaking to fight government and corporate corruption. The group, WikiLeaks, told a news conference in Washington that it acquired encrypted video of the July 12, 2007, attack from military whistleblowers and had been able to view and investigate it after breaking the encryption code. A U.S. defense official, speaking on condition of anonymity, confirmed that the video and audio were authentic. David Schlesinger, Reuters' editor-in-chief, said the video released by WikiLeaks showed the deaths of [Namir] Noor-Eldeen and [Saeed] Chmagh were "tragic and emblematic of the extreme dangers that exist in covering war zones." "The video released today via WikiLeaks is graphic evidence of the dangers involved in war journalism and the tragedies that can result," he said. Reuters has pressed the U.S. military to conduct a full and objective investigation into the killing of the two staff. WikiLeaks posted the video at http://www.collateralmurder.com.

Note: If the above link fails, click here. Should the above video disappear, click here to view it on one of our websites. The only reason this event made news is because the two cameramen killed were Reuters reporters. US forces then fired on an unarmed van with children in it, which was attempting to bring the dead and wounded out of the combat zone. How many innocent civilians are killed like this and never make the news? Spread this important video and help others to wake up and work together to stop the creulty of some of the US forces. The Pentagon is working hard to shut down Wikileaks, the organization which secured this powerful video.


Freaky Physics Hints Parallel Universes May Exist
2010-04-05, Fox News
http://www.foxnews.com/scitech/2010/04/05/freaky-physics-proves-parallel-univ...

A strange discovery by quantum physicists at the University of California [at] Santa Barbara means that an object you can see in front of you may exist simultaneously in a "parallel universe" -- a multi-state condition that has scientists theorizing that traveling through time may be much more than just the plaything of science fiction writers. And it's all because of a tiny bit of metal -- a "paddle" about the width of a human hair, an item that is incredibly small but still something you can see with the naked eye. UC Santa Barbara's Andrew Cleland cooled that paddle in a refrigerator, dimmed the lights and, under a special bell jar, sucked out all the air to eliminate vibrations. He then plucked it like a tuning fork and noted that it moved and stood still at the same time. That sounds contradictory, ... but it actually happened. It's a freaky fact that's at the heart of quantum mechanics. Sean Carroll, a physicist at the California Institute of Technology ... accepts the scientific basis for the multi-verse -- even if it cannot be proven. "Unless you can imagine some super-advanced alien civilization that has figured this out, we aren't affected by the possible existence of other universes," Carroll said. But he does think "someone could devise a machine that lets one universe communicate with another."


‘Green Gone Wrong’: Can Capitalism Save the Planet?
2010-04-04, New York Times
http://www.nytimes.com/2010/04/04/business/energy-environment/04shelf.html

The global economic collapse pushed the rise of green capitalism off business magazine covers, but it will surely resurface. Now, along comes Heather Rogers, who warns about the dangers of buying into this mind-set with Green Gone Wrong: How Our Economy Is Undermining the Environmental Revolution. She says green capitalism is actually undermining ecological progress. She says corporate America has led us into thinking that we can save the earth mainly by buying things like compact fluorescent light bulbs, hybrid gas-electric cars and carbon offsets. Green Gone Wrong ... doesn’t just go after easy targets like big corporations that she says are clearly more interested in making money than saving the earth. Some of the most poignant moments come when Ms. Rogers visits organic farmers in upstate New York. She laments that they can’t make a living because it is so expensive for them to comply with the federal certification requirements for organic foods. “What isn’t being talked about is that many of the small organic producers who are expected to lead the reinvention of the food system can barely make ends meet,” she says. [The book] would have been better had Ms. Rogers delved more deeply into another of her suggestions: instead of buying green, we simply need to buy less stuff. She seems reluctant to push this too hard because it’s a truly radical idea that flies in the face of capitalism — green or not.

Note: Heather Rogers is an established investigative journalist who is also the author of the acclaimed book Gone Tomorrow: The Hidden Life of Garbage.


A Pfizer Whistle-Blower Is Awarded $1.4 Million
2010-04-03, New York Times
http://www.nytimes.com/2010/04/03/business/03pfizer.html

A federal jury has awarded $1.37 million in damages to a former Pfizer scientist who claimed she was sickened by a genetically engineered virus at a company laboratory and then fired for raising safety concerns. The case ... has raised questions about the safety of workers in the biotechnology industry and about regulations to protect them. The jury ruled that Pfizer had violated laws protecting free speech and whistle-blowers by retaliating against Ms. McClain. The case has attracted the attention of some worker advocates, who say it shows the risks workers in biological labs encounter and the lack of rules to protect them. Ms. McClain, for example, claimed she encountered many difficulties in her attempts to learn the genetic content of the virus she suspected had infected her because it was protected as a trade secret. [She] had complained about what she saw as safety problems, including desks next to where biological experiments were done. Jeremy Gruber, president of the Council for Responsible Genetics, an advocacy group urging discussion of the ethical implications of biotechnology, applauded the award. �I personally believe that Becky McClain is really the canary in the coal mine,� he said. Regulations �have not kept pace with the explosion of research.�

Note: Why are they creating genetically engineered viruses that can sicken people? Could there be some credence to those who claim the AIDS virus was manufactured?


Once a rising star, chef now feeds hungry
2010-04-02, CNN
http://www.cnn.com/2010/LIVING/04/01/cnnheroes.krishnan.hunger/

Narayanan Krishnan was a bright, young, award-winning chef with a five-star hotel group, short-listed for an elite job in Switzerland. But a quick family visit home [to the south Indian city of Madurai] before heading to Europe changed everything. "I saw a very old man eating his own human waste for food," Krishnan said. "After that, I started feeding that man and decided this is what I should do the rest of my lifetime." Krishnan quit his job within the week and returned home for good, convinced of his new destiny. "That spark and that inspiration is a driving force still inside me as a flame -- to serve all the mentally ill destitutes and people who cannot take care of themselves." Krishnan founded his nonprofit Akshaya Trust in 2003. Now 29, he has served more than 1.2 million meals -- breakfast, lunch and dinner -- to India's homeless and destitute, mostly elderly people abandoned by their families and often abused. The hot meals he delivers are simple, tasty vegetarian fare he personally prepares, packs and often hand-feeds to nearly 400 clients each day. The group's operations cost about $327 a day, but sponsored donations only cover 22 days a month. Krishnan subsidizes the shortfall with $88 he receives in monthly rent from a home his grandfather gave him. Krishnan sleeps in Akshaya's modest kitchen with his few co-workers.

Note: Don't miss the beautiful three-minute video of this great hero. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Feds found Pfizer too big to nail
2010-04-02, CNN News
http://www.cnn.com/2010/HEALTH/04/02/pfizer.bextra

Imagine being charged with a crime, but an imaginary friend takes the rap for you. That is essentially what happened when Pfizer, the world's largest pharmaceutical company, was caught illegally marketing Bextra, a painkiller that was taken off the market in 2005 because of safety concerns. It's a story about the power major pharmaceutical companies have even when they break the laws intended to protect patients. The story begins in 2001, when Bextra was about to hit the market. The drug was part of a revolutionary class of painkillers known as Cox-2 inhibitors that were supposed to be safer than generic drugs, but at 20 times the price of ibuprofen. Pfizer and its marketing partner, Pharmacia, planned to sell Bextra as a treatment for acute pain, the kind you have after surgery. But in November 2001, the U.S. Food and Drug Administration said Bextra was not safe for patients at high risk of heart attacks and strokes. The FDA approved Bextra only for arthritis and menstrual cramps. It rejected the drug in higher doses for acute, surgical pain. Promoting drugs for unapproved uses can put patients at risk by circumventing the FDA's judgment over which products are safe and effective. For that reason, "off-label" promotion is against the law. Internal company documents show that Pfizer and Pharmacia (which Pfizer later bought) used a multimillion-dollar medical education budget to pay hundreds of doctors as speakers and consultants to tout Bextra.

Note: For lots more from major media sources on corporate corruption, click here.


Security Checks on Flights to U.S. to Be Revamped
2010-04-02, New York Times
http://www.nytimes.com/2010/04/02/us/02terror.html

President Obama has signed off on new security protocols for people flying to the United States, establishing a system that uses intelligence information and assessment of threats to identify passengers who could have links to terrorism. The system, which will be put in place this month, applies only to travelers flying into the United States. Officials said intelligence information from a variety of United States agencies would be made available to foreign airlines, whose employees and security officials would have wide latitude to stop passengers, or not. Currently, the only information typically checked before a passenger boards an airplane is the name, date of birth and nationality — information found in a passport, which is compared against the terror watch lists. But the Homeland Security Department separately already collects much more information on the travel patterns of passengers headed to the United States, including other stops made on the way to an American airport, how the passenger paid for the ticket as well as other details contained in the reservation, like what hotel a passenger might be staying in, or if he or she is traveling alone.

Note: For many disturbing reports from major media sources on increasing governmental threats to civil liberties, click here.


How can it be that you pay more to the IRS than General Electric?
2010-04-01, Forbes magazine
http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corpora...

Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do – that is, if they pay taxes at all. The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion. How did this happen? It's complicated. GE in effect consists of two divisions: General Electric Capital and everything else. The everything else – maker of engines, power plants, TV shows and the like – would have paid a 22% tax rate if it was a standalone company. It's GE Capital that keeps the overall tax bill so low. Over the last two years, GE Capital has displayed an uncanny ability to lose lots of money in the U.S. (posting a $6.5 billion loss in 2009), and make lots of money overseas (a $4.3 billion gain). Not only do the U.S. losses balance out the overseas gains, but GE can defer taxes on that overseas income indefinitely. It's the tax benefit of overseas operations that is the biggest reason why multinationals end up with lower tax rates than the rest of us.

Note: Forbes later changed the title of this article to a more innocuous "What The Top U.S. Companies Pay In Taxes." Can you believe that GE not only pays no taxes, they actually get credit from the US government? They ship US jobs overseas and then reap huge tax benefits as a result. What's wrong with this picture? For a wealth of media news articles on the hidden manipulations of major financial corporations, 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.

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