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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.


In Adopting Harsh Tactics, No Look at Past Use
2009-04-22, New York Times
http://www.nytimes.com/2009/04/22/us/politics/22detain.html?partner=rss&emc=r...

The program began with Central Intelligence Agency leaders in the grip of an alluring idea: They could get tough in terrorist interrogations without risking legal trouble by adopting a set of methods used on Americans during military training. How could that be torture? In a series of high-level meetings in 2002, without a single dissent from cabinet members or lawmakers, the United States for the first time officially embraced the brutal methods of interrogation it had always condemned. This extraordinary consensus was possible, an examination by The New York Times shows, largely because no one involved — not the top two C.I.A. officials who were pushing the program, not the senior aides to President George W. Bush, not the leaders of the Senate and House Intelligence Committees — investigated the gruesome origins of the techniques they were approving with little debate. According to several former top officials involved in the discussions seven years ago, they did not know that the military training program, called SERE, for Survival, Evasion, Resistance and Escape, had been created decades earlier to give American pilots and soldiers a sample of the torture methods used by Communists in the Korean War, methods that had wrung false confessions from Americans. Even George J. Tenet, the C.I.A. director who insisted that the agency had thoroughly researched its proposal and pressed it on other officials, did not examine the history of the most shocking method, the near-drowning technique known as waterboarding.

Note: For powerful revelations of the realities behind the fake "war on terror", click here.


Chrysler rejects new loan over exec pay limits
2009-04-21, CNN
http://www.cnn.com/2009/BUSINESS/04/21/chrysler.loan/

Chrysler turned down additional government funding this month because executives at the troubled auto manufacturer could not agree to new government-mandated limits on executive pay, according to a source familiar with the matter. An official with Chrysler Financial told CNN that the loan was turned down because the company "has determined that it has adequate private capital funding to cover the short-term needs of our dealers and customers and as such, no additional TARP funding is necessary at this time." The official also said that company executives "have not been presented with any new demands with regard to executive compensation." Chrysler already borrowed $1.5 billion from the Treasury under the Troubled Asset Relief Program, or TARP, but those loans were made under less strict regulations pertaining to executive compensation. The Washington Post, which first reported the story online Monday, said the amount of the loan Chrysler rejected was $750 million. A Treasury department spokesman declined to confirm the loan rejection, but told CNN that the administration's Auto Task Force continues to monitor the financing situations for Chrysler and General Motors. "This is an issue that Chrysler and its stakeholders will need to address as part of this process," the spokesman said.

Note: The reason many banks are giving back government loans is very likely also because of executive pay limits. The limits were reported in a NY Times article on Feb. 14, 2009. Not long after came the first news that banks were considering returning the bailout money. Do you think these top execs are more interested in their own paychecks or the health of the company? For a highly revealing archive of reports on the hidden realities underlying the Wall Street bailout, click here.


Former astronaut: Man not alone in universe
2009-04-20, CNN
http://www.cnn.com/2009/TECH/04/20/ufo.conference/index.html

Former NASA astronaut Edgar Mitchell, who was part of the 1971 Apollo 14 moon mission, asserted Monday that extraterrestrial life exists, and that the truth is being concealed by the U.S. and other governments. He delivered his remarks during an appearance at the National Press Club following the conclusion of the fifth annual X-Conference, a meeting of UFO activists and researchers studying the possibility of alien life forms. Mitchell grew up in Roswell, New Mexico, which some UFO believers maintain was the site of a UFO crash in 1947. He said residents of his hometown "had been hushed and told not to talk about their experience by military authorities. And being a local boy and having been to the moon, they considered me reliable enough to whisper in my ear their particular story." Roughly 10 years ago, Mitchell claimed, he was finally given an appointment at Pentagon to discuss what he had been told. An unnamed admiral working for the Joint Chiefs of Staff promised to uncover the truth behind the Roswell story, Mitchell said. The stories of a UFO crash "were confirmed," but the admiral was then denied access when he "tried to get into the inner workings of that process." The same admiral, Mitchell claimed, now denies the story. "I urge those who are doubtful: Read the books, read the lore, start to understand what has really been going on. Because there really is no doubt we are being visited," he said. "The universe that we live in is much more wondrous, exciting, complex and far-reaching than we were ever able to know up to this point in time."

Note: Astronaut Mitchell has spoken openly of this in the media numerous times in the past. For more on this, click here. For a concise summary of evidence for UFOs and extra-terrestrial visitors presented by many highly-respected and credible former government and military officials, click here.


Cold Fusion Is Hot Again
2009-04-19, CBS News
https://web.archive.org/web/20101012204353/http://www.cbsnews.com/stories/200...

Twenty years ago it appeared, for a moment, that all our energy problems could be solved. It was the announcement of cold fusion - nuclear energy like that which powers the sun - but at room temperature on a table top. It promised to be cheap, limitless and clean. Cold fusion would end our dependence on the Middle East and stop those greenhouse gases blamed for global warming. It would change everything. But then, just as quickly as it was announced, it was discredited. So thoroughly, that cold fusion became a catch phrase for junk science. Well, a funny thing happened on the way to oblivion - for many scientists today, cold fusion is hot again. "We can yield the power of nuclear physics on a tabletop. The potential is unlimited. That is the most powerful energy source known to man," researcher Michael McKubre told 60 Minutes correspondent Scott Pelley. McKubre says he has seen that energy more than 50 times in cold fusion experiments he's doing at SRI International, a respected California lab that does extensive work for the government. McKubre is an electro-chemist who imagines, in 20 years, the creation of a clean nuclear battery. "For example, a laptop would come pre-charged with all of the energy that you would ever intend to use. You're now decoupled from your charger and the wall socket," he explained. The same would go for cars. "The potential is for an energy source that would run your car for three, four years, for example. And you'd take it in for service every four years and they'd give you a new power supply," McKubre told Pelley.

Note: To watch the full, revealing 12-minute video clip of this segment, click here.


2,757.1 MPG Achieved at 2009 Shell Eco-marathon Americas
2009-04-19, CNBC News
http://classic.cnbc.com/id/30287740

Distance, not speed, was the goal this weekend on the track at the 2009 Shell Eco-marathon Americas(R), a challenge for students to design, build and test fuel-efficient vehicles that travel the farthest distance using the least amount of fuel. This year, more than 500 students from North and South America were on hand to stretch the boundaries of fuel efficiency. So who came out on top? The student team from Laval University, with an astonishing 2,757.1 miles per gallon, equivalent to 1,172.2 kilometres per liter, won the grand prize in the "Prototype" category. And in the "UrbanConcept" category - new to the Americas event this year - the team from Mater Dei High School took the grand prize by achieving 433.3 mpg, equivalent to 184.2 km/l. With 44 participating teams at track competition was steep. This year's challenge brought together a number of returning teams determined to beat the 2,843 mpg (1,208 km/l) record set by Mater Dei High School (Evansville, Ind.) in 2008, combined with a number of new teams adding fresh innovation and vehicle designs to the competition. "The Shell Eco-marathon is a platform for students to let their imaginations run wild," said Mark Singer, global project manager for the Shell Eco-marathon. "By encouraging these students to build vehicles with greater energy efficiency, we hope this will help inspire others; and together we can find solutions that will help meet the global energy challenge."

Note: CNBC removed this article for some reason. It was still available on the Shell website at this link for a while, but then strangely removed. Using the Internet Archive, you can still view the article at this link. Why so little media attention to this most exciting race for top gas mileage? And if high school students can build a car that gets over 2,500 mpg, what's up with Detroit? Could big business be suppressing, or at the very least ignoring these inspiring inventions?


Judge rejects bid to derail wiretap challenge
2009-04-18, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/17/MN6O174O7E.DTL

A San Francisco federal judge rejected on Friday the Obama administration's attempt to derail a challenge to former President George W. Bush's electronic surveillance program by withholding a critical wiretap document. President Obama's Justice Department had appeared to defy a previous order by Chief U.S. District Judge Vaughn Walker to allow lawyers for an Islamic organization to see the classified document, which reportedly showed that the group had been wiretapped. The document, which the government accidentally sent to the Al-Haramain Islamic Foundation, could establish its right to sue over the legality of the program. Justice Department lawyers told Walker in February that he had no power to enforce his order, and indicated they would remove the document from his files if he planned to disclose it to Al-Haramain's lawyers. But after a federal appeals court denied the department's request to intervene, Walker told the government Friday to cooperate. "The United States should now comply with the court's orders," the judge said. He told lawyers for the administration and Al-Haramain to work out a protective order by May 8 that would maintain the document's secrecy after it had been shown to the Islamic group's lawyers. If the two sides can't agree, Walker said, he will issue his own protective order "under which this case may resume forward progress." The case is one of two before Walker challenging the constitutionality of the program that Bush secretly authorized in 2001 to intercept phone calls and e-mails between Americans and suspected foreign terrorists without seeking a court warrant, as required by a 1978 law.

Note: For more reports on government secrecy from reliable sources, click here.


Interrogation Memos Detail Harsh Tactics by the C.I.A.
2009-04-17, New York Times
http://www.nytimes.com/2009/04/17/us/politics/17detain.html?partner=rss&emc=r...

The Justice Department ... made public detailed memos describing brutal interrogation techniques used by the Central Intelligence Agency, as President Obama sought to reassure the agency that the C.I.A. operatives involved would not be prosecuted. In dozens of pages of dispassionate legal prose, the methods approved by the Bush administration for extracting information from senior operatives of Al Qaeda are spelled out in careful detail — like keeping detainees awake for up to 11 straight days, placing them in a dark, cramped box or putting insects into the box to exploit their fears. The interrogation methods were authorized beginning in 2002, and some were used as late as 2005 in the C.I.A.’s secret overseas prisons. The United States prosecuted some Japanese interrogators at war crimes trials after World War II for waterboarding and other methods detailed in the memos. Together, the four memos give an extraordinarily detailed account of the C.I.A.’s methods and the Justice Department’s long struggle, in the face of graphic descriptions of brutal tactics, to square them with international and domestic law. Passages describing forced nudity, the slamming of detainees into walls, prolonged sleep deprivation and the dousing of detainees with water as cold as 41 degrees alternate with elaborate legal arguments concerning the international Convention Against Torture. The revelations may give new momentum to proposals for a full-blown investigation into Bush administration counterterrorism programs and possible torture prosecutions.

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


Control of Cybersecurity Becomes Divisive Issue
2009-04-17, New York Times
http://www.nytimes.com/2009/04/17/us/politics/17cyber.html?partner=rss&emc=rs...

The National Security Agency has been campaigning to lead the government’s rapidly growing cybersecurity programs, raising privacy and civil liberties concerns among some officials who fear that the move could give the spy agency too much control over government computer networks. The security agency’s interest in taking over the dominant role has met resistance, including the resignation of the Homeland Security Department official who was until last month in charge of coordinating cybersecurity efforts throughout the government. Rod Beckstrom, who resigned in March as director of the National Cyber Security Center at the Homeland Security Department, said ... that he feared that the N.S.A.’s push for a greater role in guarding the government’s computer systems could give it the power to collect and analyze every e-mail message, text message and Google search conducted by every employee in every federal agency. Mr. Beckstrom said he believed that an intelligence service that is supposed to focus on foreign targets should not be given so much control over the flow of information within the United States government. To detect threats against the computer infrastructure — including hackers, viruses and intrusions by foreign agents and terrorists — cybersecurity guardians must have virtually unlimited access to networks. Mr. Beckstrom argues that those responsibilities should be divided among agencies. “I have very serious concerns about the concentration of too much power in one agency,” he said. “Power over information is so important, and it is so difficult to monitor, that we need to have checks and balances.”

Note: For further disturbing reports from reliable sources on government efforts to establish total surveillance systems, click here.


Fed Shrouding $2 Trillion in Bank Loans in ‘Secrecy,’ Suit Says
2009-04-16, Bloomberg News
http://www.bloomberg.com/apps/news?pid=20601087&sid=aS89AaGjOplw

U.S. taxpayers need to know the risks behind the Federal Reserve’s $2 trillion in lending to financial institutions because the public is now an “involuntary investor” in the nation’s banks, according to a court filing by Bloomberg LP. The Fed refuses to name the borrowers, the amounts of loans or assets banks put up as collateral under 11 programs, arguing that doing so might set off a run by depositors and unsettle shareholders. The largest U.S. banks have tapped more than $125 billion in government aid under the Troubled Asset Relief Program in the past seven months. Assets, including loans and securities, on the Fed balance sheet totaled $2.09 trillion as of April 9. Banks oppose any release of information because that might signal weakness and spur short-selling or a run by depositors, the Fed argued in its March 4 response. The release of the information “can fuel market speculation and rumors,” including a drop in stock price and a run on the bank, the Fed said. Bloomberg replied yesterday that “these speculative injuries relate only to the reactions of customers, shareholders and other members of the public, not to competitors’ use of the borrowers’ proprietary information to their advantage,” the exception to disclosure under the FOIA law. Government loans, spending or guarantees to rescue the U.S. financial system total more than $12.8 trillion since the international credit crisis began in August 2007, according to data compiled by Bloomberg as of March 31. The total includes about $2 trillion on the Fed’s balance sheet.

Note: For an extensive archive of key reports on the hidden realities of the Wall Street bailout, click here.


Officials Say U.S. Wiretaps Exceeded Law
2009-04-16, New York Times
http://www.nytimes.com/2009/04/16/us/16nsa.html?partner=rss&emc=rss&pagewante...

The National Security Agency intercepted private e-mail messages and phone calls of Americans in recent months on a scale that went beyond the broad legal limits established by Congress last year, government officials said in recent interviews. Several intelligence officials, as well as lawyers briefed about the matter, said the N.S.A. had been engaged in “overcollection” of domestic communications of Americans. They described the practice as significant and systemic. The legal and operational problems surrounding the N.S.A.’s surveillance activities have come under scrutiny from the Obama administration, Congressional intelligence committees and a secret national security court. Congressional investigators say they hope to determine if any violations of Americans’ privacy occurred. It is not clear to what extent the agency may have actively listened in on conversations or read e-mail messages of Americans without proper court authority, rather than simply obtained access to them. While the N.S.A.’s operations in recent months have come under examination, new details are also emerging about earlier domestic-surveillance activities, including the agency’s attempt to wiretap a member of Congress, without court approval, on an overseas trip. After a contentious three-year debate that was set off by the disclosure in 2005 of the program of wiretapping without warrants that President George W. Bush approved after the Sept. 11 attacks, Congress gave the N.S.A. broad new authority to collect, without court-approved warrants, vast streams of international phone and e-mail traffic as it passed through American telecommunications gateways.

Note: For further disturbing reports from reliable sources on government efforts to establish total surveillance systems, click here.


Finding inspiration -- in reality TV
2009-04-16, USA Today
http://content.usatoday.com/communities/religion/post/2009/04/65566137/1

Religion and spirituality blogs today are buzzing about the "inspirational" performance of Susan Boyle, an ordinary-looking 47-year-old Scottish woman whose anything-but-ordinary voice stopped would-be snarky commenters in their tracks on the reality TV show Britain's Got Talent. In Beliefnet's religion and pop culture blog, Douglas Howe comments on the transformation of the skeptical audience the moment Boyle opened her mouth and began to sing: They loved her! They were touched by her raw talent, her beautiful voice. The part about each of us that is quick to judge is also quick to respond to excellence and beauty. We should be quicker to look for the beauty in people, and I'm not sure our media-driven culture trains us to do that. Rev. James Martin in America magazine's blog In All Things finds a homily here: The world generally looks askance at people like Susan Boyle, if it sees them at all. Without classic good looks, without work, without a spouse, living in a small town, people like Susan Boyle may not seem particularly "important." But God sees the real person, and understands the value of each individual's gifts: rich or poor, young or old, single or married, matron or movie star, lucky or unlucky in life. God knows us. And loves us.

Note: For an engaging article with the highly inspiring performance of Susan Boyle, click here.


Investments Can Yield More on K Street, Study Indicates
2009-04-12, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/11/AR20090411020...

In a remarkable illustration of the power of lobbying in Washington, a study released last week found that a single tax break in 2004 earned companies $220 for every dollar they spent on the issue -- a 22,000 percent rate of return on their investment. The study by researchers at the University of Kansas underscores the central reason that lobbying has become a $3 billion-a-year industry in Washington: It pays. The paper by three Kansas professors examined the impact of a one-time tax break approved by Congress in 2004 that allowed multinational corporations to "repatriate" profits earned overseas, effectively reducing their tax rate on the money from 35 percent to 5.25 percent. More than 800 companies took advantage of the legislation, saving an estimated $100 billion in the process, according to the study. The largest recipients of tax breaks were concentrated in the pharmaceutical and technology fields, including Pfizer, Merck, Hewlett Packard, Johnson & Johnson and IBM. Pfizer alone repatriated $37 billion, representing 70 percent of its revenue in 2004, the study found. The now-beleaguered financial industry also benefited from the provision, including Citigroup, J.P. Morgan Chase, Morgan Stanley and Merrill Lynch, all of which have since received tens of billions of dollars in federal bailout money. The researchers calculated an average rate of return of 22,000 percent for those companies that helped lobby for the tax break.

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


Communities print their own currency to keep cash flowing
2009-04-10, USA Today
http://usatoday30.usatoday.com/money/economy/2009-04-05-scrip_N.htm

A small but growing number of cash-strapped communities are printing their own money. Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses. Businesses and individuals form a network to print currency. Shoppers buy it at a discount say, 95 cents for $1 value and spend the full value at stores that accept the currency. Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts. Ed Collom, a University of Southern Maine sociologist who has studied local currencies, says they encourage people to buy locally. Merchants, hurting because customers have cut back on spending, benefit as consumers spend the local cash. Jackie Smith of South Bend, Ind., who is working to launch a local currency, [said] "It reinforces the message that having more control of the economy in local hands can help you cushion yourself from the blows of the marketplace." During the Depression, local governments, businesses and individuals issued currency, known as scrip, to keep commerce flowing when bank closings led to a cash shortage. Pittsboro, N.C., is reviving the Plenty, a defunct local currency created in 2002. It is being printed in denominations of $1, $5, $20 and $50. A local bank will exchange $9 for $10 worth of Plenty. "We're a wiped-out small town in America," says Lyle Estill, president of Piedmont Biofuels, which accepts the Plenty. "This will strengthen the local economy. ... The nice thing about the Plenty is that it can't leave here."

Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.


Radical kindness: the banker who gave it all away
2009-04-10, The Age (One of Australia's leading newspapers)
http://www.theage.com.au/national/radical-kindness-the-banker-who-gave-it-all...

Philip Wollen, at first glance, does not look like a radical. Wollen is a former merchant banker. He was a vice-president of Citibank when he was 34, and a general manager at Citicorp. Australian Business Magazine named him one of the top 40 headhunted executives in Australia. But about 1990 — he is not exactly sure of the year — Wollen decided to give away 90 per cent of his capital, a process he describes as "reverse tithing". Since then Wollen has donated millions to improving the environment and helping the powerless — children, animals and the terminally ill — around the world. He sponsors the anti-whaling vessel the Sea Shepherd and the South Australian Children's Ballet Company, and has built schools, orphanages, lion parks and sanctuaries. His Winsome Constance Kindness Trust supports more than 400 projects in 40 countries. Wollen says his aim is to die broke, to give away all he owns with "warm hands", and that he is on track to do so. Mostly he does his work away from the public gaze. The trust's website says "we don't want your money", and its mission statement is ambitious: "to promote kindness towards all other living beings and enshrine it as a recognisable trait in the Australian character and consciousness." [Wollen] agrees with philosopher Peter Singer that animal rights pose "the greatest moral issue facing humanity since the abolition of slavery".

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Swiss hold '$150m Nigeria bribes'
2009-04-09, BBC
http://news.bbc.co.uk/2/hi/africa/7991447.stm

US investigators have traced $150m in bribes given to Nigerian officials to Swiss banks, Nigeria's justice minister has said. Michael Kase Aondoakaa said the money was part of $180m in bribes given by US construction company Halliburton to Nigerian officials. The Nigerian government says it has asked the US to release the names of officials who negotiated the bribes. Halliburton admitted paying the bribes to top officials between 1994 and 2004. "We have discovered that $150 million of the bribe money is in Zurich. That is the first shocking discovery. The entire money is $180 million. $150 million is already trapped in Zurich," Mr Aondoakaa said. Halliburton and its engineering subsidiary Kellogg Brown Root negotiated bribes with "three successive holders of a top-level office in the executive branch of the government of Nigeria" during that time, according to the plea agreement the company made with the US Department of Justice. The Nigerian government has come under pressure from the media to follow up the findings of the US court and prosecute the Nigerian bribe-takers. Mr Aondoakaa said they had requested the court unseal the judgement and pass on the names of the officials. Albert "Jack" Stanley, the former chief executive of KBR who pleaded guilty to making the bribes in order to secure $6bn in contracts, is to be sentenced on 6 May. KBR has agreed to pay more than $402m in fines, of which Halliburton, as the former parent company, agreed to pay $302m.

Note: Why doesn't the public know that Halliburton bribed top government officials, and why aren't those officials being prosecuted? For major reports from reliable sources on corporate corruption, click here.


"Geoengineering" To Fight Global Warming?
2009-04-09, CBS News/Associated Press
https://web.archive.org/web/20120531225853/https://www.cbsnews.com/stories/20...

Tinkering with Earth's climate to chill runaway global warming - a radical idea once dismissed out of hand - is being discussed by the White House as a potential emergency option, the president's new science adviser [John Holdren] said. The concept of using technology to purposely cool the climate is called geoengineering. One option raised by Holdren and proposed by a Nobel Prize-winning scientist includes shooting pollution particles into the upper atmosphere to reflect the sun's rays. Using such an experimental measure is only being thought of as a last resort, Holdren said. "It's got to be looked at," he said. "We don't have the luxury ... of ruling any approach off the table." At first, Holdren characterized the potential need to technologically tinker with the climate as just his personal view. However, he went on to say he has raised it in administration discussions. The 65-year-old physicist is far from alone in taking geoengineering seriously. The National Academy of Sciences is making it the subject of the first workshop in its new climate challenges program for policymakers, scientists and the public. The British Parliament has also discussed the idea. At an international meeting of climate scientists last month in Copenhagen, 15 talks dealt with different aspects of geoengineering. The American Meteorological Society is crafting a policy statement that says "it is prudent to consider geoengineering's potential, to understand its limits and to avoid rash deployment."

Note: For lots more solid evidence showing that secret geoengineering programs already have been and currently are being carried out, click here. Did you know that in his 1978 book Ecoscience, Holdren, Obama's science advisor, also discussed forced mandatory abortions and infertility drugs being added to water systems as ways of controlling the population? Makes you wonder...


U.S. May Enlist Small Investors in Bank Bailout
2009-04-09, New York Times
http://www.nytimes.com/2009/04/09/business/09fund.html?partner=rss&emc=rss&pa...

During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front. Now, it seems, they will be asked to come to the aid of their banks — with the added inducement of possibly making some money for themselves. As part of its sweeping plan to purge banks of troublesome assets, the Obama administration is encouraging several large investment companies to create the financial-crisis equivalent of war bonds: bailout funds. The idea is that these investments, akin to mutual funds that buy stocks and bonds, would give ordinary Americans a chance to profit from the bailouts that are being financed by their tax dollars. But there is another, deeply political motivation as well: to quiet accusations that all of these giant bailouts will benefit only Wall Street plutocrats. If, as some analysts suspect, the banks’ assets are worth even less than believed, the funds’ investors could suffer significant losses. Nonetheless, the administration and executives in the financial industry are pushing to establish the investment funds, in part to counter swelling hostility against the financial industry. The embrace of smaller investors underscores the concern in Washington and on Wall Street that Americans’ anger could imperil further efforts to stimulate the economy with vast amounts of government spending. Many Americans say they believe the bailout programs ... will benefit only a golden few, including some of the institutions that helped push the economy to the brink. Critics like Joseph E. Stiglitz, a Nobel Prize-winning economist, argue that the bailouts merely privatize profits and socialize losses.

Note: For a powerfully revealing archive of reports from reliable sources on the hidden realities of the financial bailout, click here.


Live like a green heroine - and hold the stuff
2009-04-08, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/08/DDA815VQAH.DTL

Annie Leonard, named one of Time magazine's 2008 Environmental Heroes, knows better than most: It's not so easy living green. Leonard created and narrates the international Web documentary phenomenon "Story of Stuff," which summarizes her 20 years of global sleuthing: tracking the source of the stuff we buy and the fate of the stuff we throw away. This lively animated film makes the point that if everyone on Earth consumed at U.S. levels, we would need five planets. Leading by example, Leonard shows how simple steps and a little patience can help people create environmentally friendly, energy-efficient, stuff-free lives. In her cozy Berkeley home, the first clue sits in her driveway: A blue ZENN, or zero emission no noise, electric vehicle. The car is a NEV, or neighborhood electric vehicle, which is a U.S. Department of Transportation classification for speed-limited battery electric vehicles. The car quietly sucks sun power from solar panels on Leonard's roof and only goes 25 mph, which is just fine with her. "I am always racing around, and this forces me to move at a slower pace. I need any help I can get to do that." Leonard didn't go solar just to charge her car. She says she did it to save mountaintops in Appalachia. "ILoveMountains.org uses Google Earth technology to show coal mine destruction of mountains - the environmental and social devastation. It's really intense. You type in your ZIP code and see the lines of power plants supplying your house. There is mountaintop-removal coal going into my grid. I don't want any part of that."

Note: To watch the powerful 20-minute video "The Story of Stuff", click here.


‘No-Risk’ Insurance at F.D.I.C.
2009-04-07, New York Times
http://www.nytimes.com/2009/04/07/business/07sorkin.html?partner=rss&emc=rss&...

The Federal Deposit Insurance Corporation was set up 76 years ago with the important but simple job of insuring bank deposits. Now, because of what could politely be called mission creep, it’s elbowing its way into the middle of the financial mess as an enabler of enormous leverage. In the fine print of Treasury Secretary Timothy F. Geithner’s plan to lend as much as $1 trillion to private investors to help them buy toxic assets from our nation’s banks, you’ll find some details of how the F.D.I.C is trying to stabilize the system by adding more risk, not less, to the system. It’s going to be insuring 85 percent of the debt, provided by the Treasury, that private investors will use to subsidize their acquisitions of toxic assets. These loans, while controversial, were given a warm welcome by the market when they were first announced. And why not? The terms are hard to beat. They are, for example, “nonrecourse,” which means that if an investor loses money, he owes taxpayers nothing. It’s the closest thing to risk-free investing — with leverage! — around. But, as we’ve learned the hard way these last couple of years, risk-free investing is an oxymoron. So where did the risk go this time? To the F.D.I.C., and ultimately, to us taxpayers. A close reading of the F.D.I.C.’s statute suggests the agency is using a unique — some might call it plain wrong — reading of its own rule book to accomplish this high-wire act. Somehow, in the name of solving the financial crisis, the F.D.I.C. has seemingly been given a blank check, with virtually no oversight by Congress.

Note: For a powerfully revealing archive of reports from reliable sources on the hidden realities of the financial bailout, click here.


Report Outlines Medical Workers’ Role in Torture
2009-04-07, New York Times
http://www.nytimes.com/2009/04/07/world/07detain.html?partner=rss&emc=rss&pag...

Medical personnel were deeply involved in the abusive interrogation of terrorist suspects held overseas by the Central Intelligence Agency, including torture, and their participation was a “gross breach of medical ethics,” a long-secret report by the International Committee of the Red Cross concluded. Based on statements by 14 prisoners who belonged to Al Qaeda and were moved to Guantánamo Bay, Cuba, in late 2006, Red Cross investigators concluded that medical professionals working for the C.I.A. monitored prisoners undergoing waterboarding, apparently to make sure they did not drown. Medical workers were also present when guards confined prisoners in small boxes, shackled their arms to the ceiling, kept them in frigid cells and slammed them repeatedly into walls, the report said. Facilitating such practices, which the Red Cross described as torture, was a violation of medical ethics even if the medical workers’ intentions had been to prevent death or permanent injury, the report said. But it found that the medical professionals’ role was primarily to support the interrogators, not to protect the prisoners, and that the professionals had “condoned and participated in ill treatment.” At times, according to the detainees’ accounts, medical workers “gave instructions to interrogators to continue, to adjust or to stop particular methods.” The Red Cross report was completed in 2007. It was obtained by Mark Danner, a journalist who has written extensively about torture, and posted Monday night with an article by Mr. Danner on the Web site of The New York Review of Books.

Note: Much of content of the Red Cross report was revealed in a March article by Mr. Danner and in a 2008 book, The Dark Side, by Jane Mayer, but the reporting of the Red Cross investigators’ conclusions on medical ethics and other issues are new.


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