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Revealing News For a Better World

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 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.


UFO files: MoD documents record mystery illnesses and alien residue
2010-02-18, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/newstopics/howaboutthat/ufo/7254648/UFO-files...

Flying Toblerones, mysterious illnesses and silky-white substances are among hundreds of close encounters described in previously top-secret files released by the Ministry of Defence (MoD). More than 6,000 pages of material spanning from 1994 to 2000 holds hundreds of other-worldly experiences with unidentified flying objects (UFOs) and apparent aliens across Britain. Aircraft of all shapes and sizes have been witnessed flying over a wide range of locations. One man told police he was physically sick and developed a ''skin condition'' after an eerie ''tube of light'' enveloped his car in Ebbw Vale, in Wales, at 10.40pm on January 27 1997. Other highlights include: -- A man arrived at his Birmingham home at 4am on March 20, 1997, to discover an illuminated blue triangle hovering over his garden. The craft shot off leaving behind a ''silky-white'' substance on the tree-tops, which he collected in a jam-jar. -- A UFO sighted by Boston and Skegness police, in Lincolnshire, was captured on film. The police reported the sighting to the coastguard, who in turn alerted ships in North Sea - where a crew saw more UFOs. -- 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 Main Building in 1970.

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. And for an excellent database compiled by a British police officer of intriguing UFO sightings reported by police, click here.


Former NY police commissioner sentenced to prison
2010-02-18, MSNBC/Reuters
http://www.msnbc.msn.com/id/35463787/ns/politics

Former New York Police Commissioner Bernard Kerik, once selected to the U.S. Department of Homeland Security, was sentenced ... to four years in prison for tax evasion and lying to White House officials. Kerik, 54, who as head of the city's police worked closely with former Mayor Rudolph Giuliani at the time of the September 11, 2001 attacks, pleaded guilty to the federal charges in November. A former police detective, and once Giuliani's driver, Kerik headed the New York City jail system before taking charge of the police department in 2000. His career began to unravel during background checks when President George W. Bush nominated him in 2004 to become Secretary of Homeland Security. Kerik withdrew, but his legal troubles later embarrassed Giuliani in his unsuccessful bid for the 2008 Republican presidential nomination. Along with pleading guilty to lying and evading taxes, Kerik admitted receiving apartment renovations from a construction firm suspected of organized crime ties and helping the company win city contracts. The four-year sentence imposed ... exceeded the sentencing guidelines of less than three years, as laid out in Kerik's plea deal, but fell far short of the maximum possible term of 61 years.

Note: The NY City chief of police at the time of 9/11 is now in jail. The former head of the NASDAQ stock exchange, Bernie Madoff, is now in jail. Do you think there is corruption at the highest levels of government? How many more have engaged in gross corruption and gotten away with it? To see how deep it goes, click here.


Owner of Multi-Million Dollar Company Hands Over Business to Employees
2010-02-18, ABC News
http://abcnews.go.com/WN/owner-multi-million-dollar-company-hands-business-em...

Before the words "whole grain" and "organic" became part of Americans' everyday vocabulary, Bob Moore knew the importance of healthful eating. In 1978, he started Bob's Red Mill Natural Foods, as a small family-run business in Oregon selling stone mill-ground whole grains. The company has since grown into a multi-million dollar business that sells more than 400 whole grain products including flours, hot cereals, and organic and gluten-free products. Moore's work is a way of life and his employees are a second family, which is why he announced this week that he's handing over the keys to his 209 employees. Moore said he's gotten countless buy-out offers over the years, but he couldn't envision selling the business to a stranger. "It's the only business decision that I could make," he said. "I don't think there's anybody worthy to run this company but the people who built it. I have employees with me right now that have been with me for 30 years. They just were committed to staying with me now and they're going to own the company." The company will now be run by an Employee Stock Ownership Plan (ESOP) -- the idea being that a company's stock is put in a retirement plan for its employees, but the stock is never held or bought directly by individuals. When a vested employee retires, he can pull out money from the trust.


Tracking a new kind of civil disobedience
2010-02-18, Boston Globe
http://www.boston.com/yourtown/newton/articles/2010/02/18/bc_professor_lisa_d...

As Newton resident Lisa Dodson, a Boston College sociology professor in the thick of a research project, was interviewing a grocery story manager in the Midwest about the difficulties of the low-income workers he supervised, he asked her a curious question: “Don’t you want to know what this does to me too?’’ She did. And so the manager talked about the sense of unfairness he felt as a supervisor, making enough to live comfortably while overseeing workers who couldn’t feed their families on the money they earned. That inequality, he told her, tainted his job, making him feel complicit in an unfair system that paid hard workers too little to cover basic needs. The interview changed the way Dodson talked with other supervisors and managers of low-income workers, and she began to find that many of them felt the same discomfort as the grocery store manager. And many went a step further, finding ways to undermine the system and slip their workers extra money, food, or time needed to care for sick children. She was surprised how widespread these acts were. In her new book, The Moral Underground: How Ordinary Americans Subvert an Unfair Economy, she called such behavior “economic disobedience." Dodson concluded that [many] were following the American tradition of civil disobedience - this time, against the economy - and creating a “moral underground."


More Americans Considering Community Banks
2010-02-17, NPR News
http://www.npr.org/templates/story/story.php?storyId=122945143

Bailouts and bonuses have many Americans frustrated with big banks. Some consumers think these giant institutions have lost touch with customers and basic good business practices. They're so fed up that they're holding these behemoths accountable by moving their money to community banks. Arianna Huffington of the Huffington Post is spearheading a campaign called Move Your Money, which encourages people to move from the banking giants to smaller community banks. "There's a lot of anger about the way banks have acted," says Huffington. "It's a total lack of empathy and concern." The group's Facebook page has more than 27,000 fans. "I think it's already an enormous success," says Huffington. "The fact that people are considering it; the fact that people are doing it; the fact that people are feeling empowered."

Note: Please consider going local and supporting credit unions and community banks. For information on moving your checking and savings accounts from profit oriented banks to membership run credit unions, click here and here.


Senator Evan Bayh's departure sparks debate about partisanship in Congress
2010-02-17, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/02/16/AR20100216059...

[Sen. Evan] Bayh dealt a triple blow to his Democratic Party and to President Obama with his announcement ... that he is sick of the partisanship in Washington and will not seek a third term. But it was as much Bayh's stated reasons for leaving as the consequences that stirred controversy. "If in fact he believed that the Senate was broken and dysfunctional, then he had a responsibility to stand and man the pumps rather than run for the lifeboat," said Ross Baker, a political scientist at Rutgers University. Baker said Bayh's depiction of Congress overstates the case that lawmakers are dealing with something unprecedented in American politics. "I won't say it's cyclical, but from time to time . . . even the Senate goes berserk," he said. He cited the red-baiting era of the early 1950s, saying, "The McCarthy period was a terrible time, in which reputations were ruined, senators attacked each other and questioned each other's motives." Bayh has $13 million in his campaign account and, despite a determined effort by the GOP to mount a serious challenge to his reelection prospects, was leading in early polls. His decision could be taken by other Democrats as one more piece of evidence that the energy so far this year is on the right.

Note: If the people of the U.S. stopped falling for the polarization agendas of the power elite and fighting against each other, maybe the elected representatives would start working together for the good of all.


Greece to Make All Large Cash Transactions Illegal
2010-02-16, Christian Science Monitor
http://www.csmonitor.com/Money/The-Daily-Reckoning/2010/0216/Greece-to-Make-A...

Embroiled in its debt crisis and looking for any avenue to bolster tax receipts [Greece] has done the unthinkable – it has made [cash, in euros] illegal for transactions over 1,500 euros. Of course, larger credit- or debit-based electronic transactions over 1,500 will still be denominated in euros. However, electronic transactions clearly require infrastructure and limit personal freedom. From Reuters: “From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards.” It seems wrong for the Greek state to dictate how cash euros can be used. In fact, it’s surprising that the EU-endorsed plan would allow Greece to control euro usage at that level. Despite the fact that the reform bill is a piece of an approved EU plan to help improve Greek tax revenue and reduce deficit, it seems to go too far in curtailing personal liberty. How much is a government willing to punish its own citizens for using “too much” of their own legal tender in an otherwise legal transaction?

Note: What gives any government the right to limit cash transactions? And why is the EU approving this unusual measure? Could this be part of a hidden agenda to push the public towards a cashless society?


On different wavelengths over EMFs
2010-02-15, Los Angeles Times
http://www.latimes.com/features/health/la-he-electromagnetic15-2010feb15,0,33...

Three years ago, at the age of 48, Camilla Rees had to leave her apartment in downtown San Francisco. Not because of the rent, she says, but because of the radiation. Her personal radiation meter -- yes, such things exist -- spiked after a lawyer couple moved in next door. Rees says she quickly lost her ability to think clearly. "I was unfocused, as if I had suddenly come down with ADHD. I would wake up dizzy in the morning. I'd collapse to the floor. I had to leave to escape that nightmare." Rees asked the neighbors if they had installed a new Wi-Fi router, and sure enough they had, on the wall near Rees' bed. Since then, Rees, a former investment banker, has been on a crusade against low-level electromagnetic fields, or EMFs, of all types, including the microwave radiation that flows from cellphones and cellphone towers. She co-wrote the 2009 book Public Health SOS: The Shadow Side of the Wireless Revolution, one of many recent books to warn against the dangers of EMFs, and founded the website electromagnetichealth.org.

Note: For many key reports from major media sources on health issues, click here.


Despite Budgets, Some Newsrooms Persist in Costly Fight for Records
2010-02-15, New York Times
http://www.nytimes.com/2010/02/15/business/media/15hearst.html

Last fall Hearst, the big media company that owns newspapers, magazines and television stations, filed a lawsuit against the Texas governor’s office, seeking access to a clemency report in the case of Cameron Todd Willingham, who was executed in 2004 but whose guilt is now in doubt. It is the sort of case — Mr. Willingham may have been innocent, but there is no way of saving him now — that one might not expect to be taken up by a news organization amid a wrenching economic downturn that has forced a trimming of journalistic resources across the industry. But [some] big companies, like Hearst and The Associated Press, have been quietly ramping up their legal efforts, by doing more of the work in-house — and saving costs by not hiring outside lawyers — and being more aggressive in states where they can recoup legal fees and at the federal level, which also allows plaintiffs in such access cases to sue for legal fees when they win. At Hearst, the company’s top lawyer says it has never had more First Amendment lawsuits in courtrooms around the country than it does now. “I think we’d be the only media company that would say that we’re at an all-time high with the number of access cases we’re bringing,” said Eve Burton, vice president and general counsel at Hearst.


Battle Over the Bailout
2010-02-14, New York Times
http://www.nytimes.com/2010/02/14/nyregion/14fed.html

Mark Pittman, an investigative reporter for Bloomberg News ... filed a Freedom of Information Act request with the Federal Reserve Board, seeking the details of its unprecedented efforts to funnel money to the collapsing banks of Wall Street. That was in September 2008. Just more than a year later, Mr. Pittman ... died unexpectedly at age 52. But his cause has persevered. It is now known as Bloomberg L.P. v. Board of Governors of the Federal Reserve, an attempt to unlock the vault of the largest Wall Street rescue plan in decades — or, as the legal briefs put it, to “break down a wall of secrecy” that the Fed has kept in place for nearly two years in its “controversial use of public money to prop up financial institutions.” The Federal Reserve has wrapped itself in secrecy since the turn of the 20th century, when a select group of financiers met at the private Jekyll Island Club off the eastern coast of Georgia and, forgoing last names to preserve their anonymity among the staff, drafted legislation to create a central bank. Its secrecy, of course, persists today, with Ben S. Bernanke, the Federal Reserve chairman, refusing to tell even Congress which banks received government money under the bailout. There is also a heated battle to force the Fed to disclose its role in the controversial attempt to save the insurance giant American International Group.

Note: Isn't it interesting that Pittman died at age 52 while trying to expose manipulations of the big bankers? For a one-minute video proving the existence of a secret weapon which can cause an undetectable heart attack, click here. For a concise, excellent background on the hidden role of the Federal Reserve, click here.


Wall St. Helped to Mask Debt Fueling Europe’s Crisis
2010-02-14, New York Times
http://www.nytimes.com/2010/02/14/business/global/14debt.html

Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts. As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by Goldman Sachs helped obscure billions in debt from the budget overseers in Brussels. As in the American subprime crisis and the implosion of the American International Group, financial derivatives played a role in the run-up of Greek debt. Instruments developed by Goldman Sachs, JPMorgan Chase and a wide range of other banks enabled politicians to mask additional borrowing in Greece, Italy and possibly elsewhere. In dozens of deals across the Continent, banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books. Greece, for example, traded away the rights to airport fees and lottery proceeds in years to come. Critics say that such deals, because they are not recorded as loans, mislead investors and regulators about the depth of a country’s liabilities.

Note: For a treasure trove of investigations from reliable sources into the many tricks by which Wall Street firms enriched themselves at the expense of others, click here.


U.S. data about Guantanamo detainee's treatment is revealed in Britain
2010-02-11, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/02/10/AR20100210019...

The British government [has] disclosed once-secret details of the United States' harsh treatment of a former Guantanamo Bay detainee after losing a lengthy legal battle to suppress the information. According to the information, from a judge's summary of a classified CIA report to British authorities, Binyam Mohamed was subjected to "cruel, inhuman and degrading" treatment during interrogations in Pakistan in 2002, including being shackled and deprived of sleep while interrogators played upon "his fears of being removed from United States custody and 'disappearing.' " Mohamed, 31, was born in Ethiopia and lives in Britain. Arrested in Pakistan in 2002, he says he was tortured by American authorities and others under U.S. instruction there and in Morocco. He says he was beaten with a leather strap, subjected to a mock execution and sliced with a scalpel on his chest and penis. Mohamed says Britain knew about his treatment because information used during his questioning could have come only from British intelligence. He spent seven years in detention, four of them at the U.S. military prison at Guantanamo Bay, Cuba. Reprieve, a legal organization representing Mohamed in a lawsuit against the British government, said in a statement that the disclosures show that "the U.S. documented their efforts to abuse Mr. Mohamed" and that British authorities "knew he was being abused and did nothing about it."

Note: For lots more from reliable sources on the illegal actions undertaken by the US and UK in the prosecution of the fraudulent "war on terror," click here.


2 Ex-Workers Accuse Blackwater Security Company of Defrauding the U.S. for Years
2010-02-11, New York Times
http://www.nytimes.com/2010/02/11/us/11suit.html

Two former employees of Blackwater Worldwide have accused the private security company of defrauding the government for years by filing bogus receipts, double billing for the same services and charging government agencies for strippers and prostitutes, according to court documents unsealed this week. In a December 2008 lawsuit, the former employees said top Blackwater officials had engaged in a pattern of deception as they carried out government contracts in Iraq and Afghanistan, and in Louisiana in the aftermath of Hurricane Katrina. The lawsuit, filed under the False Claims Act, also asserts that Blackwater officials turned a blind eye to “excessive and unjustified” force against Iraqi civilians by several Blackwater guards. Blackwater has earned billions of dollars from government agencies in the years since the Sept. 11 attacks, when the company won contracts to protect American diplomats in Iraq and Afghanistan. The former employees who filed the lawsuit, a married couple named Brad and Melan Davis, said there was little financial oversight of the money. The documents detailing the Davises’ accusations were unsealed after the Justice Department declined to join in the case against Blackwater, which last year changed its name to Xe Services.

Note: For lots more on corporate fraud and war profiteering from reliable sources, click here.


Why Can't Women Ski Jump?
2010-02-11, Time magazine
http://www.time.com/time/specials/packages/article/0,28804,1963484_1963490_19...

Lindsey Van holds the record — among both men and women — for the longest jump off of Whistler, B.C.'s normal ski jump, built for the 2010 Vancouver Olympics. The 25-year-old skier trains six days a week, 11 months a year and has been jumping for the past 19 years. But when games kick off on Feb. 12, the 2009 women's ski jumping world champion will be nowhere in sight. That's because women aren't allowed to ski jump in the Olympics. It's not for lack of trying. Women ski jumpers have petitioned to join every Winter Olympics since Nagano in 1998, and each time they have been denied by the International Olympics Committee (IOC). In fact, ski jumping is the only Olympic discipline to remain men-only. The IOC declined interview requests for this article but a spokesperson provided a written statement saying, "Women's Ski Jumping does not reach the necessary technical criteria and as such does not yet warrant a place alongside other Olympic events." Van isn't sure what that means. "I would love to know what the technical merits are," she says. "We have international competitions and our own championships. We meet all the technical requirements."


US frees Iraqi photographer held for 17 months
2010-02-10, BBC News
http://news.bbc.co.uk/2/hi/middle_east/8508352.stm

American forces in Iraq have released an Iraqi freelance photographer held in detention for 17 months without charge. Ibrahim Jassam Mohammed, who worked for Reuters, was arrested in September 2008 in a dawn raid on his home. The US said the photographer was a "security threat", but all evidence against him was classified secret. An Iraqi court had ruled in December 2008 that there was no case against him and that he must be released, but the US military refused. The US military has detained a number of Iraqi journalists working for international news organisations, but none have been convicted. It has been criticised by press freedom organisations such as Reporters Without Borders.

Note: So the U.S. can detain someone without any publicly-stated reason merely on suspicion of being a security threat? Sounds like something a police state would do. And why isn't this even being seriously questioned in the media?


More than 1,000 get mumps in New York, New Jersey since August
2010-02-09, CNN News
http://edition.cnn.com/2010/HEALTH/02/08/mumps.outbreak.northeast/index.html

More than 1,000 people in New Jersey and New York, many of them adolescent Orthodox Jews, have been sickened with mumps since August, health authorities said Monday. Almost all of those infected with the virus are of the Orthodox or Hasidic Jewish population, and their average age is 14. The mumps outbreak began at a summer camp for Orthodox Jewish boys in Sullivan County, New York, according to the CDC. Health officials have linked the outbreak to an 11-year-old boy at the camp. He had recently returned from the United Kingdom, where a mumps outbreak had spread to 4,000 people. Rabbi Yehunda Pirutinsky was surprised when his 14-year-old son was diagnosed with mumps a week ago. "He was completely vaccinated," Pirutinsky said. "So it was a surprise to us he came down with mumps." Of the New Jersey cases, 77 percent were vaccinated, Terjesen said. But the vaccine is not 100 percent effective, according to the CDC. At two doses, the vaccine is 76 to 95 percent effective, the CDC says on its Web site.

Note: 77 percent of the over 1,000 who came down with mumps had been vaccinated against the disease, yet the CDC claims it is 76 to 95 percent effective. Hmmmm... For many reports from reliable sources that highlight serious problems with vaccines, click here.


Will You Be E-Mailing This Column? It’s Awesome
2010-02-09, New York Times
http://www.nytimes.com/2010/02/09/science/09tier.html

Do people prefer to spread good news or bad news? Would we rather scandalize or enlighten? Which stories do social creatures want to share, and why? Now some answers are emerging thanks to a rich new source of data: you, Dear Reader. Researchers at the University of Pennsylvania have intensively studied the New York Times list of most-e-mailed articles, checking it every 15 minutes for more than six months, analyzing the content of thousands of articles and controlling for factors like the placement in the paper or on the Web home page. According to the Penn researchers, Jonah Berger and Katherine A. Milkman, people preferred e-mailing articles with positive rather than negative themes, and they liked to send long articles on intellectually challenging topics. Perhaps most of all, readers wanted to share articles that inspired awe, an emotion that the researchers investigated after noticing how many science articles made the list. “Science kept doing better than we expected,” said Dr. Berger, a social psychologist and a professor of marketing at Penn’s Wharton School. “We anticipated that people would share articles with practical information about health or gadgets, and they did, but they also sent articles about paleontology and cosmology."


Millionaire gives away fortune that made him miserable
2010-02-08, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/worldnews/europe/austria/7190750/Millionaire-...

Austrian millionaire Karl Rabeder is giving away every penny of his Ł3 million fortune after realising his riches were making him unhappy. Mr Rabeder, 47, a businessman from Telfs is in the process of selling his luxury 3,455 sq ft villa with lake, sauna and spectacular mountain views over the Alps, valued at Ł1.4 million. Also for sale is his beautiful old stone farmhouse in Provence with its 17 hectares overlooking the arričre-pays. Mr Rabeder has also sold the interior furnishings and accessories business – from vases to artificial flowers – that made his fortune. His entire proceeds are going to charities he set up in Central and Latin America, but he will not even take a salary from these. "More and more I heard the words: 'Stop what you are doing now – all this luxury and consumerism – and start your real life'," he said. "I had the feeling I was working as a slave for things that I did not wish for or need. I have the feeling that there are lot of people doing the same thing." All the money will go into his microcredit charity, which offers small loans to Latin America and builds development aid strategies to self-employed people in El Salvador, Honduras, Bolivia, Peru, Argentina and Chile. Since selling his belongings, Mr Rabeder said he felt "free, the opposite of heavy".


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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