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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.


Obama Signs One-Year Extension of Patriot Act
2010-02-27, New York Times/Associated Press
http://www.nytimes.com/aponline/2010/02/27/us/politics/AP-US-Obama-Patriot-Ac...

President Barack Obama has signed a one-year extension of several provisions in the nation's main counterterrorism law, the Patriot Act. Provisions in the measure would have expired on [February 28] without Obama's signature [the day before]. The act, which was adopted in the weeks after the Sept. 11, 2001 terror attacks, expands the government's ability to monitor Americans in the name of national security. Three sections of the Patriot Act that stay in force will: -- Authorize court-approved roving wiretaps that permit surveillance on multiple phones. -- Allow court-approved seizure of records and property in anti-terrorism operations. -- Permit surveillance against a so-called lone wolf, a non-U.S. citizen engaged in terrorism who may not be part of a recognized terrorist group. Obama's signature comes after the House voted 315 to 97 Thursday to extend the measure. The Senate also approved the measure, with privacy protections cast aside. Thrown away were restrictions and greater scrutiny on the government's authority to spy on Americans and seize their records.

Note: Remember that the PATRIOT Act was passed by Congress immediately after weaponized anthrax attacks on two key senators opposed to the legislation, a crime that the FBI has closed the books on without solving. Congress continues to support the Act despite its widespread unpopularity with the US public. Why? For lots more from major media sources on the increasing government threats to civil liberties, click here.


Head of IMF Proposes New Reserve Currency
2010-02-26, ABC News/Associated Press
http://abcnews.go.com/Business/wireStory?id=9958995

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested [that] the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. "That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now," he said in a speech on the future mandate of the 186-nation Washington-based lending organization. Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF's special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies. He said having other alternatives to the dollar "would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country." Several countries, including China and Russia, have called for an alternative to the dollar as a reserve currency.

Note: For a treasure trove of reports from reliable sources on the hidden realities behind the world financial and economic crisis, click here.


Justice Dept. Reveals More Missing E-Mail Files
2010-02-26, New York Times
http://www.nytimes.com/2010/02/27/us/27justice.html

Large batches of e-mail records from the Justice Department lawyers who worked on the 2002 legal opinions justifying the Bush administration’s brutal interrogation techniques are missing. At a Senate Judiciary Committee hearing, Senator Patrick J. Leahy, the Vermont Democrat who leads the panel, angrily demanded to know what had happened to the e-mail files, and he noted that the destruction of government records, including official e-mail messages, was a criminal offense. He said the records gap called into question the completeness of the department’s internal reviews of the work done by the lawyers in the Bush years. The Justice Department’s Office of Professional Responsibility, which spent more than four years investigating the handling of the legal opinions about interrogation policies after the Sept. 11 attacks, pushed to get access to a range of e-mail records and other internal documents from the Justice Department to aid in its investigation. But it discovered that many e-mail messages to and from John C. Yoo, who wrote the bulk of the legal opinions for the Justice Department’s Office of Legal Counsel, were missing. Also deleted were a month’s worth of e-mail files from the summer of 2002 for Patrick Philbin, another Justice Department lawyer who worked on the interrogation opinions.

Note: For powerful exposures from reliable sources of growing government secrecy, click here.


CNN Poll: Majority says government a threat to citizens' rights
2010-02-26, CNN
http://politicalticker.blogs.cnn.com/2010/02/26/cnn-poll-majority-says-govern...

A majority of Americans think the federal government poses a threat to rights of Americans, according to a new national poll. Fifty-six percent of people questioned in a CNN/Opinion Research Corporation survey ... say they think the federal government [has] become so large and powerful that it poses an immediate threat to the rights and freedoms of ordinary citizens. The survey indicates a partisan divide on the question: only 37 percent of Democrats, 63 percent of Independents and nearly 7 in 10 Republicans say the federal government poses a threat to the rights of Americans. According to CNN poll numbers [just released] Americans overwhelmingly think that the U.S. government is broken.


Banks Bet Greece Defaults on Debt They Helped Hide
2010-02-25, New York Times
http://www.nytimes.com/2010/02/25/business/global/25swaps.html

Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of financial ruin. Echoing the kind of trades that nearly toppled the American International Group, the increasingly popular insurance against the risk of a Greek default is making it harder for Athens to raise the money it needs to pay its bills, according to traders and money managers. These contracts, known as credit-default swaps, effectively let banks and hedge funds wager on the financial equivalent of a four-alarm fire: a default by a company or, in the case of Greece, an entire country. If Greece reneges on its debts, traders who own these swaps stand to profit. “It’s like buying fire insurance on your neighbor’s house — you create an incentive to burn down the house,” said Philip Gisdakis, head of credit strategy at UniCredit in Munich. As Greece’s financial condition has worsened, undermining the euro, the role of Goldman Sachs and other major banks in masking the true extent of the country’s problems has drawn criticism from European leaders. But even before that issue became apparent, a little-known company backed by Goldman, JP Morgan Chase and about a dozen other banks had created an index that enabled market players to bet on whether Greece and other European nations would go bust.

Note: For lots more from reliable sources on the realities of the global financial crisis, click here.


What Microsoft knows and keeps about you
2010-02-25, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/blogs/ybenjamin/detail??blogid=150&entry_id=57956

It's time to reflect on the immense powers Americans have ceded to the government and [the] potential for abuse by federal, state and local authorities. The global Internet and telecommunications infrastructure provides massive information on almost ... every person on the planet. One power truly stands out --- the all-encompassing reach and technological capabilities of the US National Security Agency. If you want to be secure, don't use a phone, a computer, credit card or any other technologically linked system because it guarantees that Big Brother will find you. Big Brother is not just the government. Most consumer "spying" comes from subpoenas and requests from non-terrorist-related federal, state, local agency requests and non-governmental private litigation and discovery. Simply put, a subpoena issued by a court in support of private litigation and discovery may have the same impact on an individual as the full force of the NSA. What information is typically requested from a company by say a plaintiff's lawyer during some discovery phase? Well, it's everything. In fact, it's generally a fishing expedition for every log file, every uploaded video, photo, chat session and anything else they can get their hands on.

Note: For lots more from major media sources on the continuing development of a global society under Big Brother's constant gaze, click here.


Ghostwritten Drug Studies Have a Healthy Afterlife in Academic Archives
2010-02-24, CBS News
https://www.cbsnews.com/news/ghostwritten-drug-studies-have-a-healthy-afterli...

Most pharmaceutical companies have sworn off ghostwriting, the practice of writing "research" papers for doctors and then paying them to add their names as authors even when they had little involvement or the results were trivial. Merck (MRK), Forest Labs (FRX), and GlaxoSmithKline (GSK) have all been caught doing it. But what happens to the articles that have been disavowed by companies or discredited by lawyers? Not much, it turns out. They sit inside prestigious online archives of academic material, unretracted, where they look just like real studies with robust results. Ghostwriting doesn't look good in lawsuits, either. Pfizer (PFE) must now pay $9.5 million to a woman who claimed menopause drug Prempro gave her breast cancer; Wyeth - the company that made the drug and was later acquired by Pfizer - commissioned ghostwritten articles about the drug. So it's interesting to note that many of those pay-for-play articles are still sitting in scholarly archives such as PubMed, notching up bibliography references and footnotes, even though they shouldn't be. You can search for more ghostwritten papers here.

Note: Big Pharma giant Merck created a fake medical journal and created a list of doctors to discredit in order to popularize a dangerous drug that may have killed as many as 500,000 people before it was finally recalled. For more along these lines, see concise summaries of deeply revealing pharmaceutical corruption news articles from reliable major media sources.


Troubled banking industry sharply reduced lending in 2009
2010-02-24, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/02/23/AR20100223021...

Lending by the banking industry fell by $587 billion, or 7.5 percent, in 2009, the largest annual decline since the 1940s, as the number of troubled financial institutions rose sharply, the Federal Deposit Insurance Corp. [has] reported. The FDIC considered 702 banks to be in some danger of failing as of the end of 2009, more than double the number at the beginning of the year. [FDIC Chairman Sheila C.] Bair said that the vast majority of the lending decline was the result of cutbacks by the nation's largest banks, which have tightened qualification standards for borrowers and increased the proportion of money that they hold in reserve against unexpected losses. The decline in lending is a looming issue as the economy begins to recover. But for the recovery to continue, for businesses to expand and employment to grow, lending must begin to expand, too. The decline also has become a major political issue amid broad public anger that the federal rescue of the banking industry has restored profitability but not the flow of loans. The FDIC [said] that the nation's 8,012 banks posted an aggregate profit of $12.5 billion in 2009. The largest banks accounted for most of those profits as a growing number of smaller banks have struggled to survive losses on commercial real estate loans.

Note: Wasn't the main purpose of the huge stimulus packages given to banks to increase lending? Where did those trillions go? For a treasure trove of revealing reports from major media sources on the realities of the banking bailouts that were supposedly intended to increase lending, click here.


When using open source makes you an enemy of the state
2010-02-23, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/technology/blog/2010/feb/23/opensource-intellectual...

An influential lobby group is asking the US government to basically consider open source as the equivalent of piracy - or even worse. It turns out that the International Intellectual Property Alliance ... has requested with the US Trade Representative to consider countries like Indonesia, Brazil and India for its "Special 301 watchlist" because they use open source software. What's Special 301? It's a report that examines the "adequacy and effectiveness of intellectual property rights" around the planet - effectively the list of countries that the US government considers enemies of capitalism. It often gets wheeled out as a form of trading pressure - often around pharmaceuticals and counterfeited goods - to try and force governments to change their behaviours. Most FOSS [Free Open Source Software] isn't state-owned: it just takes price elasticity to its logical conclusion and uses free as a stick to beat its competitors with (would you ever accuse Google, which gives its main product away for free, of being anti-capitalist?). Governments don't even need to pass legislation. Even a recommendation can be enough. Last year the Indonesian government sent around a circular to all government departments and state-owned businesses, pushing them towards open source. But the IIPA suggested that Indonesia deserves Special 301 status because encouraging (not forcing) such takeup "weakens the software industry" and "fails to build respect for intellectual property rights."


The People We Pay to Look Over Our Shoulders
2010-02-23, New York Times
http://www.nytimes.com/2010/02/23/books/23watchers.html

The world of modern eavesdropping, or signals intelligence ... for many years ... operated in the shadows. The Puzzle Palace, the 1983 best seller by James Bamford that remains the benchmark study of the N.S.A., first pulled back the curtain to provide a glint of unwanted sunlight on the place. As each operation has come to light, an anxious public has wanted to know whether this powerful new surveillance model was undermining traditional notions of privacy and civil liberties. Just whom is the government watching? And who is watching the watchers? It has been left to outsiders — journalists, authors, civil rights advocates and privacy groups — to keep tabs on the watchers and to bring public scrutiny to once-secret programs. For the spymasters, this spotlight was decidedly unwelcome. Mike McConnell, a director of intelligence in the Bush administration, ... is one of the recurring characters in The Watchers: The Rise of America’s Surveillance State by Shane Harris. Mr. Harris, with some success, does what Mr. McConnell and others in the intelligence world have found so objectionable: he watches the watchers. At its best The Watchers provides an insightful glimpse into how Washington works and how ideas are marketed and sold in the back rooms of power, whether the product being peddled is widgets or a radical model for intelligence gathering.

Note: For more insights into the activities of Big Brother, click here.


Explosive News
2010-02-22, Washington Times
http://www.washingtontimes.com/news/2010/feb/22/inside-the-beltway-70128635

A lingering technical question about the Sept. 11 terrorist attacks still haunts some, and it has political implications: How did 200,000 tons of steel disintegrate and drop in 11 seconds? A thousand architects and engineers want to know, and are calling on Congress to order a new investigation into the destruction of the Twin Towers and Building 7 at the World Trade Center. "In order to bring down this kind of mass in such a short period of time, the material must have been artificially, exploded outwards," says Richard Gage, a San Francisco architect and founder of the nonprofit Architects & Engineers for 9/11 Truth. Mr. Gage, who is a member of the American Institute of Architects, managed to persuade more than 1,000 of his peers to sign a new petition requesting a formal inquiry. "The official Federal Emergency Management [Agency] and National Institute of Standards and Technology reports provide insufficient, contradictory and fraudulent accounts of the circumstances of the towers' destruction. We are therefore calling for a grand jury investigation of NIST officials," Mr. Gage adds. "The implications are enormous."

Note: To read statements questionig the official account of the events of 9/11 by hundreds of professors, government officials and professionals, click here and here. For our 9/11 Information Center, click here.


In Tests, Vitamin D Shrinks Breast Cancer Cells
2010-02-22, ABC News
http://abcnews.go.com/GMA/OnCall/study-vitamin-d-kills-cancer-cells/story?id=...

Doctors have known that low levels of vitamin D are linked to certain kinds of cancers as well as to diabetes and asthma, but new research also shows that the vitamin can kill human cancer cells. The results fall short of an immediate cancer cure, but they are encouraging, medical professionals say. JoEllen Welsh, a researcher with the State University of New York at Albany, has studied the effects of vitamin D for 25 years. Part of her research involves taking human breast cancer cells and treating them with a potent form of vitamin D. Within a few days, half the cancer cells shriveled up and died. Welsh said the vitamin has the same effect as a drug used for breast cancer treatment. "Vitamin D enters the cells and triggers the cell death process," she [said]. "It's similar to what we see when we treat cells with Tamoxifen," a drug used to treat breast cancer. The vitamin's effects were even more dramatic on breast cancer cells injected into mice. After several weeks of treatment, the cancer tumors in the mice shrank by an average of more than 50 percent. Some tumors disappeared. Similar results have been achieved on colon and prostate cancer tumors in mice.

Note: For key reports from reliable sources on hopeful cancer cures, click here. And for a most excellent documentary on alternative cancer cures, click here.


Math Wiz Adds Web Tools to Take Education to New Limits
2010-02-22, PBS Newshour
http://www.pbs.org/newshour/bb/north_america/jan-june10/khan_02-22.html

Thirty-three-year-old Salman Khan recently quit his job as a hedge fund analyst to devote himself to an unpaid job teaching math on the Internet. He has posted 1,200 lessons on YouTube, which appear on an electronic blackboard, and range in subject from basic addition and advanced calculus to science and finance. And they are free. Khan lives in California's Silicon Valley with his wife, a rheumatologist in training at Stanford, and their new baby. He got the idea for Khan Academy four years ago, when he taught a young cousin how to convert kilograms to grams. Many American students have trouble with math, and studies show they lag behind their counterparts in Asia and Europe in both math and science. With Khan's help, his cousin got good at math, and he eventually had a new career tapping into anxieties around the world. Now he records his lessons from a converted closet in the back of his bedroom. Internet instruction, be it the Khan Academy or taped university lectures, could revolutionize education in remote Third World locations, where access to high-quality instruction is frequently unavailable.

Note: To visit the Khan Academy website, click here.


A Vision of Iceland as a Haven for Journalists
2010-02-22, New York Times
http://www.nytimes.com/2010/02/22/business/media/22link.html

Iceland, where the journalists run free. Iceland is considering a new vision: to become a haven for journalists and publishers by offering some of the most aggressive protections for free speech and investigative journalism in the world. The proposal, the Icelandic Modern Media Initiative, combines in a single piece of legislation provisions from around the world: whistle-blower laws and rules about Internet providers from the United States; source protection laws from Belgium; freedom of information laws from Estonia and Scotland, among others; and New York State’s law to counteract “libel tourism,” the practice of suing in courts, like Britain’s, where journalists have the hardest time prevailing. “We would become the inverse of a tax haven,” said Birgitta Jonsdottir, a member of Parliament and a sponsor of the initiative. “They are trying to make everything opaque. We are trying to make it transparent.” For many observers, this legislation represents a direct reversal of recent Icelandic history. Secret dealings by a few banks in Iceland, combined with a lack of regulation and oversight, led to calamitous debts that were nine times the gross domestic product. In response, Iceland would institutionalize the most aggressive sunshine laws possible.


F.B.I., Laying Out Evidence, Closes Anthrax Case
2010-02-20, New York Times
http://www.nytimes.com/2010/02/20/us/20anthrax.html

More than eight years after anthrax-laced letters killed five people and terrorized the country, the F.B.I. [has] closed its investigation, adding eerie new details to its case that the 2001 attacks were carried out by Bruce E. Ivins, an Army biodefense expert who killed himself in 2008. A 92-page report, which concludes what by many measures is the largest investigation in F.B.I. history, laid out the evidence against Dr. Ivins. The report disclosed for the first time the F.B.I.’s theory that Dr. Ivins embedded in the notes mailed with the anthrax a complex coded message, based on DNA biochemistry. Whether the voluminous documentation will convince skeptics about Dr. Ivins’s guilt was uncertain. Representative Rush D. Holt, a New Jersey Democrat and a physicist who has sharply criticized the bureau’s work, said the case should not have been closed. He said the F.B.I. report laid out “barely a circumstantial case” that “would not, I think, stand up in court.” Some of Dr. Ivins’s colleagues at the United States Army Medical Research Institute of Infectious Diseases in Frederick, including several supervisors who knew him well, publicly rejected the F.B.I.’s conclusion. They said he was eccentric but incapable of such a diabolical act, and they questioned whether he could have produced the deadly powder with the equipment in his lab.

Note: The FBI's "closure" of its anthrax investigation won't put an end to the unanswered questions about who the perpetrators of the attacks were. As described in this key Wall Street Journal report, the specific formulation of the anthrax used in the attacks was beyond Ivins' capabilities.


Law enforcement is tracking Americans' cell phones in real time
2010-02-19, Newsweek magazine
http://www.newsweek.com/id/233916

Law enforcement is tracking Americans' cell phones in real time—without the benefit of a warrant. Amid all the furor over the Bush administration's warrantless wiretapping program a few years ago, a mini-revolt was brewing over another type of federal snooping that was getting no public attention at all. Federal prosecutors were seeking what seemed to be unusually sensitive records: internal data from telecommunications companies that showed the locations of their customers' cell phones—sometimes in real time, sometimes after the fact. Prosecutors "were using the cell phone as a surreptitious tracking device," said Stephen W. Smith, a federal magistrate in Houston. "And I started asking the U.S. Attorney's Office, 'What is the legal authority for this? What is the legal standard for getting this information?'" Those questions are now at the core of a constitutional clash between President Obama's Justice Department and civil libertarians alarmed by what they see as the government's relentless intrusion into the private lives of citizens. There are numerous other fronts in the privacy wars—about the content of e-mails, for instance, and access to bank records and credit-card transactions. The Feds now can quietly get all that information. But cell-phone tracking is among the more unsettling forms of government surveillance, conjuring up Orwellian images of Big Brother secretly following your movements through the small device in your pocket.

Note: For many key reports from major media sources on the disturbing trend toward increasing government and corporate surveillance, click here.


UFO sightings revealed in UK archive files from 1990s
2010-02-18, BBC News
http://news.bbc.co.uk/2/hi/uk_news/8520486.stm

Thousands of UFOs have been spotted in the last 20 years around the UK, according to newly released documents. More than 6,000 pages of reports describe people's experiences with unidentified flying objects between 1994 and 2000. Details have been released under a three-year project between the Ministry of Defence and The National Archives. The reports detail how objects of various shapes and sizes have been witnessed flying over a range of locations. Some drawings by witnesses have also been released. Included in the latest release is a letter from senior MoD official Ralph Noyes, in which he describes seeing a film of UFOs captured by RAF fighter pilots in 1956. Mr Noyes claims the footage was shown at a secret underground screening arranged for air defence staff at the MoD in 1970. Experts believe the records highlight how shapes of reported UFOs have changed over the last few decades. Many reports in this latest file describe aircraft as big, black and triangular in shape with lights along the edges, whereas the predominant form in the 1940s to 1950s was saucer or disc-shaped. The files are available to download for free for a month from the National Archives website.

Note: For a concise summary of key testimony on UFO sightings by highly-credible government and military officials, click here. For astonishing media reports revealing the existence of UFOs, click here.


IRS: 400 richest averaged $345M in '07 income, 16% tax rate
2010-02-18, USA Today
http://content.usatoday.com/communities/ondeadline/post/2010/02/irs-400-riche...

The [IRS] reports that the nation's 400 highest-earning households reported an average income of $345 million in 2007 — up 31% from 2006 — and that their average tax bill fell to a 15-year low. Bloomberg writes that the elite 400's average income more than doubled that year from $131.1 million in 2001, the year Congress adopted tax cuts urged by then-President George W. Bush. Each household in the top 400 of earners paid an average tax rate of 16.6 percent, the lowest since the agency began tracking the data in 1992. Their average effective tax rate was about half the 29.4 percent in 1993, the first year of President Bill Clinton's administration. The top 400 earners received a total $138 billion in 2007, up from $105.3 billion a year earlier. On an inflation-adjusted basis, their average income grew almost fivefold since 1992. Almost three-quarters of the highest earners' income was in capital gains and dividends taxed at a 15 percent rate set as part of Bush-backed tax cuts in 2003.

Note: For key reports from major media sources on income inequality, click here. And for a powerful summary of 10 top corporations which avoided taxes in most egregious ways, see the excellent list compiled by independent U.S. Senator Bernie Sanders at this link.


The Bloom Box: An Energy Breakthrough?
2010-02-18, CBS 60 Minutes
http://www.cbsnews.com/stories/2010/02/18/60minutes/main6221135.shtml

In the world of energy, the Holy Grail is a power source that's inexpensive and clean, with no emissions. Over 100 start-ups in Silicon Valley are working on it. One of them, Bloom Energy, is about to make public its invention: a little power-plant-in-a-box they want to put literally in your backyard. You'll generate your own electricity with the box and it'll be wireless. The idea is to one day replace the big power plants and transmission line grid. K.R. Sridhar ... says he knows it works because he originally invented a similar device for NASA. He really is a rocket scientist. He invented a new kind of fuel cell, which is like a very skinny battery that always runs. Sridhar feeds oxygen to it on one side, and fuel on the other. The two combine within the cell to create a chemical reaction that produces electricity. There's no need for burning or combustion, and no need for power lines from an outside source. "It's cheaper than the grid, it's cleaner than the grid." Twenty large, well-known companies have quietly bought and are testing Bloom boxes in California. The first customer was Google. Four units have been powering a Google datacenter for 18 months. They use natural gas, but half as much as would be required for a traditional power plant. John Donahoe, eBay's CEO, says its five boxes were installed nine months ago and have already saved the company more than $100,000 in electricity costs. eBay's boxes run on bio-gas made from landfill waste, so they're carbon neutral. "In five to ten years, we would like to be in every home." [Sridhar] said a unit should cost an average person less than $3,000.

Note: To watch the fascinating 60 Minutes video clip of this amazing invention, click here. For other CBS videos clips on the Bloom Box, click here. For astounding news on other new energy sources and inventions, click here and here.


Top Earners Averaged $345 Million in 2007, IRS Says
2010-02-18, Bloomberg/BusinessWeek
http://www.businessweek.com/news/2010-02-18/top-400-earners-in-u-s-averaged-3...

The 400 highest-earning U.S. households reported an average of $345 million in income in 2007, up 31 percent from a year earlier, IRS statistics show. The average tax rate for the households fell to the lowest in almost 20 years. The figures for 2007, the last year of an economic expansion, show that the average income reported by the top 400 earners more than doubled from $131.1 million in 2001. That year, Congress adopted tax cuts urged by then-President George W. Bush that Democrats say disproportionately benefit the wealthy. Each household in the top 400 of earners paid an average tax rate of 16.6 percent, the lowest since the agency began tracking the data in 1992. The statistics underscore “two long-term trends: that income at the very top has exploded and their taxes have been cut dramatically,” said Chuck Marr, director of federal tax policy at the Center on Budget and Policy Priorities, a Washington-based research group that supports increasing taxes on high-income individuals. The top 400 earners received a total $138 billion in 2007, up from $105.3 billion a year earlier. On an inflation-adjusted basis, their average income grew almost fivefold since 1992.

Note: BusinessWeek for some reason removed this article, though it is still available on the Bloomberg website at this link. For lots more on income inequality from reliable sources, 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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