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When Jasmine the abandoned greyhound arrived at a wildlife sanctuary shivering and desperate for food, she needed all the love in the world to nurse her back to full health. Now it appears the kindness and patience shown to her has rubbed off – for the ... dog has become a surrogate mother for the 50th time. Seven-year-old Jasmine is currently caring for tiny Bramble, an 11-week-old roe deer fawn found semi-conscious in a nearby field. She cuddles up to her to keep her warm, showers her with affection and makes sure nothing is matted in her fur. She has had plenty of practice, having cared for five fox cubs, four badger cubs, 15 chicks, eight guinea pigs, two stray puppies and even 15 rabbits. Jasmine was brought to the Nuneaton and Warwickshire Wildlife Sanctuary by the police in 2003, having been found dumped in a garden shed. She was cold, filthy and malnourished. It took a few weeks for her to fully trust staff at the centre but with tender loving care she was nursed back to full fitness. Five years on, Jasmine is now the one looking after stray waifs. Geoff Grewcock, who runs the sanctuary, said: "She simply dotes on the animals as if they were her own, it's incredible to see. She takes all the stress out of them and it helps them to not only feel close to her but to settle into their new surroundings. As soon as an animal is brought in, she walks over takes a sniff or two and then licks and cuddles them. It is quite amazing."
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An extract from grape seeds can destroy cancer cells, US research suggests. In lab experiments, scientists found that the extract stimulated leukaemia cells to commit suicide. Within 24 hours, 76% of leukaemia cells exposed to the extract were killed off, while healthy cells were unharmed, Clinical Cancer Research reports. The study raises the possibility of new cancer treatments, but scientists said it was too early to recommend that people eat grapes to ward off cancer. Grape seeds contain a number of antioxidants, including resveratrol, which is known to have anti-cancer properties, as well as positive effect on the heart. Previous research has shown grapeseed extract has an effect on skin, breast, bowel, lung, stomach and prostate cancer cells in the laboratory. It can also reduce the size of breast tumours in rats and skin tumours in mice. However, the University of Kentucky study is the first to test its impact on a blood cancer. Lead researcher Professor Xianglin Shi said: "These results could have implications for the incorporation of agents such as grapeseed extract into prevention or treatment of haematological (blood) malignancies and possibly other cancers. What everyone seeks is an agent that has an effect on cancer cells but leaves normal cells alone, and this shows that grapeseed extract fits into this category."
Note: For lots more on promising new cancer research findings from major media sources, click here.
From the outside, there is nothing unusual about the stylish new gray and orange row houses in the Kranichstein District. But these houses are part of a revolution in building design: There are no drafts, no cold tile floors, no snuggling under blankets until the furnace kicks in. There is, in fact, no furnace. In Berthold Kaufmann’s home, there is, to be fair, one radiator for emergency backup in the living room — but it is not in use. Even on the coldest nights in central Germany, Mr. Kaufmann’s new “passive house” and others of this design get all the heat and hot water they need from the amount of energy that would be needed to run a hair dryer. “You don’t think about temperature — the house just adjusts,” said Mr. Kaufmann. His new home uses about one-twentieth the heating energy of his parents’ home of roughly the same size, he said. The concept of the passive house, pioneered in this city of 140,000 outside Frankfurt, approaches the [energy efficiency] challenge from a different angle. Using ultrathick insulation and complex doors and windows, the architect engineers a home encased in an airtight shell, so that barely any heat escapes and barely any cold seeps in. That means a passive house can be warmed not only by the sun, but also by the heat from appliances and even from occupants’ bodies. And in Germany, passive houses cost only about 5 to 7 percent more to build than conventional houses. New passive houses use an ingenious central ventilation system. The warm air going out passes side by side with clean, cold air coming in, exchanging heat with 90 percent efficiency.
Note: For lots more on new energy technologies from reliable sources, click here.
In June, the Pew Forum on Religion and Public Life published a controversial survey in which 70 percent of Americans said that they believed religions other than theirs could lead to eternal life. This threw evangelicals into a tizzy. After all, the Bible makes it clear that heaven is a velvet-roped V.I.P. area reserved for Christians. But the survey suggested that Americans just weren’t buying that. The evangelicals complained that people must not have understood the question. The respondents couldn’t actually believe what they were saying, could they? So in August, Pew asked the question again. Sixty-five percent of respondents said — again — that other religions could lead to eternal life. But this time, to clear up any confusion, Pew asked them to specify which religions. The respondents essentially said all of them. And they didn’t stop there. Nearly half also thought that atheists could go to heaven — dragged there kicking and screaming, no doubt — and most thought that people with no religious faith also could go. What on earth does this mean? One very plausible explanation is that Americans just want good things to come to good people, regardless of their faith. We meet so many good people of different faiths that it’s hard for us to imagine God letting them go to hell. In fact, in the most recent survey, Pew asked people what they thought determined whether a person would achieve eternal life. Nearly as many Christians said you could achieve eternal life by just being a good person as said that you had to believe in Jesus.
After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending it. Some won't even talk about it. "We're choosing not to disclose that," said Kevin Heine, spokesman for Bank of New York Mellon, which received about $3 billion. The Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions: How much has been spent? What was it spent on? How much is being held in savings, and what's the plan for the rest? None of the banks provided specific answers. Some banks said they simply didn't know where the money was going. There has been no accounting of how banks spend that money. The answers highlight the secrecy surrounding the Troubled Asset Relief Program, which earmarked $700 billion ... to help rescue the financial industry. Lawmakers summoned bank executives to Capitol Hill last month and implored them ... not to hoard it or spend it on corporate bonuses, junkets or to buy other banks. But there is no process in place to make sure that's happening and there are no consequences for banks that don't comply. Meanwhile, banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year. Congress attached nearly no strings to the $700 billion bailout in October. And the Treasury Department, which doles out the money, never asked banks how it would be spent. No bank provided even the most basic accounting for the federal money. Most banks wouldn't say why they were keeping the details secret.
Note: Explore key information that the bankers don't want you to know on the Federal Reserve, which is neither federal, nor a reserve. For more along these lines, see concise summaries of deeply revealing news articles on the banking bailout from reliable major media sources. Then explore the excellent, reliable resources suggesting major corruption provided in our Banking Information Center.
When FBI and immigration agents arrested a 28-year-old Guatemalan woman three months ago in Los Angeles, they announced that they had shut down one of the most elaborate sex trafficking rings in the country. But it was one of only a few such cases to be spotlighted by national media, contributing to the false impression that cases of immigrant sex trafficking are isolated incidents. The reality is that human trafficking goes on in nearly every American city and town, said Lisette Arsuaga, director of development for the Coalition to Abolish Slavery and Trafficking, a human rights organization in Los Angeles. Her assessment is shared by authorities in Bexar County, Texas, where the Sheriff’s Office has formed a task force with Shared Hope International, an anti-slavery organization founded by former Rep. Linda Smith, D-Wash. Bexar County is considered a crossroads of the cross-border Mexican sex slave trade. Federal officials agree that the trafficking of human beings as sex slaves is far more prevalent than is popularly understood. While saying it is difficult to pinpoint the scope of the industry, given its shadowy nature ... officials estimated that it likely generates more than $9.5 billion a year. The Justice Department maintains a human trafficking hotline at 1-888-428-7581. “We’ve come to learn that cases of trafficking are all around us in plain sight,” [Carmen Pitre, executive director of the Task Force on Family Violence,] said. “Today, you can buy a human being for $200 in any major city in the world.”
The U.S. Navy wants to teach sailors how to hunt submarines off the coast of Jacksonville, but it's trying to prove its proposed undersea-warfare-training range won't hurt the world's most endangered whale. Concern about harm to the North Atlantic right whale from military sonar, vessels and torpedoes might pose a stumbling block to the proposed $100 million training range, which could be built near the whale's protected calving area. The U.S. Navy announced earlier this year that it wants to build the undersea-warfare-training range in a 662-square-mile zone nearly 58 miles off Jacksonville. Environmentalists fear whales could die from being run over by ships or becoming disoriented from the sonar. "Under federal law, environmental issues have to be placed on par with other national interests, including economic concerns and military training," said Michelle B. Nowlin, supervising attorney for the Environmental Law and Policy Clinic at the Duke University School of Law. "The courts have been very clear there must be a balance of those interests." Federal reports say the death of even one pregnant female could risk the species' survival. That's why more than a dozen conservation groups have opposed a permanent range for the sonar-based warfare training near the calving grounds. Military sonar, broadcasting an active midfrequency signal at 235 decibels, has a lethal history, with a dozen cases worldwide of mass whale and dolphin strandings and evidence of damage to their hearing after underwater exercises.
Note: For reliable reports detailing threats to and abuse of marine mammals by military operations, click here.
The [U.K.] government has been accused of trampling on individual liberties by proposing wide-ranging new powers for bailiffs to break into homes and to use “reasonable force” against householders who try to protect their valuables. Under the regulations, bailiffs for private firms would for the first time be given permission to restrain or pin down householders. They would also be able to force their way into homes to seize property to pay off debts, such as unpaid credit card bills and loans. “These laws strip away tried and tested protections that make a person’s home his castle, and which have stood for centuries,” said Paul Nicolson, chairman of the Zacchaeus 2000 Trust, a London-based welfare charity. “They could clearly lead to violent confrontations and undermine fundamental liberties.” Bailiffs have for hundreds of years been denied powers to break into homes for civil debt or to use force against debtors, except in self-defence. Ministers have now proposed bailiffs be given powers to physically remove debtors who try to defend their property, for example by draping themselves over a car or blocking the door of their home. Details of the new guidelines were obtained under freedom of information laws. Reasonable grounds for breaking down the door include the “movement of a curtain”, a radio being heard or a figure being spotted inside which “may be the offender”. In one case, an 89-year-old grandmother returned home to find a bailiff sitting in her chair having drawn up a list of her possessions. He was pursuing a parking fine owed by her son, who did not even live at the address.
Note: For many disturbing reports from reliable sources on threats to civil liberties, click here.
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals. The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages. Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management. The total amount given to nearly 600 executives would cover bailout costs for many of the 116 banks that have so far accepted tax dollars to boost their bottom lines. The AP compiled total compensation based on annual reports that the banks file with the Securities and Exchange Commission. The 116 banks have so far received $188 billion in taxpayer help. Among the findings: • Lloyd Blankfein, president and chief executive officer of Goldman Sachs, took home nearly $54 million in compensation last year. The company's top five executives received a total of $242 million. The New York-based company on Dec. 16 reported its first quarterly loss since it went public in 1999. It received $10 billion in taxpayer money on Oct. 28. • John A. Thain, chief executive officer of Merrill Lynch, topped all corporate bank bosses with $83 million in earnings last year. Like Goldman, Merrill got $10 billion from taxpayers on Oct. 28.
Note: For many reports on the realities of the Wall Street bailout from reliable sources, click here.
We no longer have a civilian-led government. The most unnerving legacy of the Bush administration is the encroachment of the Department of Defense into a striking number of aspects of civilian government. Our Constitution is at risk. President-elect Barack Obama's selections of James L. Jones, a retired four-star Marine general, to be his national security adviser and, it appears, retired Navy Adm. Dennis C. Blair to be his director of national intelligence ... could complete the silent military coup d'etat that has been steadily gaining ground below the radar screen of most Americans and the media. While serving the State Department in several senior capacities over the past four years, I witnessed firsthand the quiet, de facto military takeover of much of the U.S. government. The first assault on civilian government occurred in faraway places -- Iraq and Afghanistan. As military officers sought to take over the role played by civilian development experts abroad, Pentagon bureaucrats quietly populated the National Security Council and the State Department with their own personnel ... to ensure that the Defense Department could keep an eye on its rival agencies. The encroachment within America's borders continued with the military's increased involvement in domestic surveillance and its attempts to usurp the role of the federal courts in reviewing detainee cases. The Pentagon also resisted ceding any authority over its extensive intelligence operations to the ... director of national intelligence. Now the Pentagon has drawn up plans to deploy 20,000 U.S. soldiers inside our borders by 2011.
Note: The author of this piece, Thomas A. Schweich, served the Bush administration as ambassador for counter-narcotics in Afghanistan and deputy assistant secretary of state for international law enforcement affairs.
I got a call from Illinois Gov. Rod Blagojevich the other day. The first thing I said to him was, "You know, this call is probably being taped." Blagojevich said he had read my column in The Chronicle last week, in which I raised questions about the "pay to play" charges being leveled against him in connection with his pending appointment of someone to fill Barack Obama's now-empty U.S. Senate seat. I think he liked how I raised questions about the timing and manner of U.S. Attorney Patrick Fitzgerald's decision to charge him over what appears to be little more than loose conversations he had with his staff. I wouldn't bet on him stepping aside anytime soon. If anything, his hand is getting stronger by the day. I can't go into details, but my impression is that the whole mess started because the governor had been considering appointing a political rival, Illinois Attorney General Lisa Madigan, to the Senate so she wouldn't be able to run against him when he went up for re-election in 2010. Apparently, Obama's people weren't happy about the idea of Madigan coming to Washington, and there were some pretty heated conversations between Blagojevich and Obama chief of staff Rahm Emanuel, which I understand will burn your ears off. It was pretty clear that Blagojevich is going to hang tough, especially after the Illinois Supreme Court shot down Madigan's request that he be forced from office because he supposedly can't carry out his duties. It is also pretty clear that despite all the screaming over his appearing to be "selling" the seat in return for political favors or financial considerations, his fellow Democrats are not going to strip him of his power to appoint someone to replace Obama.
Note: The author of this article is insider Willie Brown, former mayor of San Francisco and power-broking speaker of California's assembly for 15 years. For an alleged transcript of the actual conversation between Blagojevich and Rahm Emanuel, click here. If this is true, watch for some big shifts.
Mystery surrounds the death of a Republican pollster, recently compelled to give evidence about alleged election fraud in the 2004 election in Ohio, after he was killed in a plane crash. Top internet strategist Michael Connell, 45, was the only person in his single-engine private plane that crashed three miles short of the Akron-Canton airport on Friday night as he prepared to land. He had worked on Mr Bush's two presidential campaigns, advised John McCain this year and was also linked to allegedly missing White House emails in the 2006 controversy over a string of firings of US attorneys. The death of the married father of four immediately triggered conspiracy theories amid speculation that he had been about to reveal embarrassing details of the complicity of senior members of the Bush administration in fixing an election and destroying incriminating emails. In a blog posting entitled "One of my sources died in a plane crash last night...", Larisa Alexandrovna of The Raw Story revealed that Mr Connell had been talking to her about the Ohio case alleging that vote-tampering during the 2004 presidential election resulted in civil rights violations. "Mike was getting ready to talk. He was frightened... I am not saying that this was a hit nor am I resigned to this being simply an accident either. I am no expert on aviation and cannot provide an opinion on the matter. What I am saying, however, is that given the context, this event needs to be examined carefully."
Important Note: This death becomes even stranger considering that attorneys had sought protection for Connell against threats from Karl Rove in late July (click here). He also was apparently warned not to fly.
George S. Patton, America's greatest combat general of the Second World War, was assassinated after the conflict with the connivance of US leaders, according to a new book. The newly unearthed diaries of a colourful assassin for the wartime Office of Strategic Services (OSS), the forerunner of the CIA, reveal that American spy chiefs wanted Patton dead because he was threatening to expose allied collusion with the Russians that cost American lives. The death of General Patton in December 1945, is one of the enduring mysteries of the war era. Although he had suffered serious injuries in a car crash in Manheim, he was thought to be recovering and was on the verge of flying home. But after a decade-long investigation, military historian Robert Wilcox claims that OSS head General "Wild Bill" Donovan ordered a highly decorated marksman [named] Douglas Bazata to silence Patton. His book, Target: Patton: The Plot to Assassinate General George S. Patton, contains interviews with Mr Bazata, who died in 1999, and extracts from his diaries, detailing how he staged the car crash by getting a troop truck to plough into Patton's Cadillac and then shot the general with a low-velocity projectile, which broke his neck while his fellow passengers escaped without a scratch. Mr Wilcox told The Sunday Telegraph that when he spoke to Mr Bazata: "He was struggling with himself, all these killings he had done. He confessed to me that he had caused the accident, that he was ordered to do so by Wild Bill Donovan."
Note: For key insights from reliable, verifiable sources into assassination as a political tool, click here.
Michael Connell, the Bush IT expert who has been directly implicated in the rigging of George Bush's 2000 and 2004 elections, was killed last night when his single engine plane crashed three miles short of the Akron airport. Velvet Revolution ("VR"), a non-profit that has been investigating Mr. Connell's activities for the past two years, can now reveal that a person close to Mr. Connell has recently been discussing with a VR investigator how he can tell all about his work for George Bush. Mr. Connell told a close associate that he was afraid that George Bush and Dick Cheney would "throw [him] under the bus." A tipster close to the McCain campaign disclosed to VR in July that Mr. Connell's life was in jeopardy and that Karl Rove had threatened him and his wife, Heather. VR's attorney, Cliff Arnebeck, notified the United States Attorney General, Ohio law enforcement and the federal court about these threats and insisted that Mr. Connell be placed in protective custody. VR also told a close associate of Mr. Connell's not to fly his plane because of another tip that the plane could be sabotaged. Mr. Connell, a very experienced pilot, has had to abandon at least two flights in the past two months because of suspicious problems with his plane. On December 18, 2008, Mr. Connell flew to a small airport outside of Washington DC to meet some people. It was on his return flight the next day that he crashed.
Note: WantToKnow.info supporter Dr. Josh Mitteldorf downloaded this essay from the New York Times website the day it was published, but then was surprised to find it removed the very next day. You can find the article as it originally appeared at this link. For an excellent OpEdNews article by Dr. Mitteldorf on this most strange death and why it matters, click here. And for the deposition of Stephen Spoonamore, a Republican insider and computer consultant who came out as whistleblower on this matter, click here.
The revelation that Bernard Madoff — brilliant investor (or so almost everyone thought), philanthropist, pillar of the community — was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend. Yet ... how different, really, is Mr. Madoff’s tale from the story of the investment industry as a whole? The financial services industry has claimed an ever-growing share of the nation’s income over the past generation, making the people who run the industry incredibly rich. Yet, at this point, it looks as if much of the industry has been destroying value, not creating it. And it’s not just a matter of money: the vast riches achieved by those who managed other people’s money have had a corrupting effect on our society as a whole. Last year, the average salary of employees in “securities, commodity contracts, and investments” was more than four times the average salary in the rest of the economy. Earning a million dollars was nothing special, and even incomes of $20 million or more were fairly common. The incomes of the richest Americans have exploded over the past generation, even as wages of ordinary workers have stagnated. High pay on Wall Street was a major cause of that divergence. Wall Street’s ill-gotten gains corrupted and continue to corrupt politics, in a nicely bipartisan way. From Bush administration officials ... who looked the other way as evidence of financial fraud mounted, to Democrats who still haven’t closed the outrageous tax loophole that benefits executives at hedge funds and private equity firms ... politicians have walked when money talked. The pay system on Wall Street lavishly rewards the appearance of profit, even if that appearance later turns out to have been an illusion.
Note: This entire, penetrating article is well worth a read at the link above. For many revealing reports from reliable sources on the realities of the Wall Street bailout, click here.
Decades after a notorious experiment, scientists have found test subjects are still willing to inflict pain on others - if told to by an authority figure. US researchers repeated the famous "Milgram test", with volunteers told to deliver electrical shocks to another volunteer - played by an actor. Even after faked screams of pain, 70% were prepared to increase the voltage, the American Psychologist study found. Both may help explain why apparently ordinary people can commit atrocities. Dr Jerry Burger, of Santa Clara University, used a [format similar to Milgram's], although he did not allow the volunteers to carry on beyond 150 volts after they had shown their willingness to do so, suggesting that the distress caused to the original volunteers had been too great. Again, however, the vast majority of the 29 men and 41 women taking part were willing to push the button knowing it would cause pain to another human. Even when another actor entered the room and questioned what was happening, most were still prepared to continue. He told Reuters: "What we found is validation of the same argument - if you put people in certain situations, they will act in surprising and maybe often even disturbing ways." He said that it was not that there was "something wrong" with the volunteers, but that when placed under pressure, people will often do "unsettling" things. Even though it was difficult to translate laboratory work to the real world, he said, it might partly explain why, in times of conflict, people could take part in genocide.
Note: For more on the famous Milgram experiment, click here. For powerfully inspiring information on how we can change this and build a better world, click here.
If someone told you to press a button to deliver a 450-volt electrical shock to an innocent person in the next room, would you do it? Common sense may say no, but decades of research suggests otherwise. In the early 1960s, [Stanley Milgram,] a young psychologist at Yale began what became one of the most widely recognized experiments in his field. In the first series, he found that about two-thirds of subjects were willing to inflict what they believed were increasingly painful shocks on an innocent person when the experimenter told them to do so, even when the victim screamed and pleaded. A new study to be published in the January issue of American Psychologist confirmed these results in an experiment that mimics many of Milgram's original conditions. This and other studies have corroborated the startling conclusion that the majority of people, when placed in certain kinds of situations, will follow orders, even if those orders entail harming another person. "It's situations that make ordinary people into evil monsters, and it's situations that make ordinary people into heroes," said Philip Zimbardo, professor emeritus of psychology at Stanford University and author of The Lucifer Effect: Understanding How Good People Turn Evil. "Most heroes are everyday people who do a heroic deed once in their lifetime because they [happen] to be in a situation of evil or danger," he said.
Note: What's amazing about this is the willingness of many people responding to nothing more that verbal authority to deliver shocks up to 450 volts to victims who are writhing in pain, screaming and begging for them to stop. What would you do? For more, click here.
Dick Cheney's lawyers are asserting that the vice president alone has the authority to determine which records, if any, from his tenure will be handed over to the National Archives when he leaves office in January. That claim is in federal court documents asking that a lawsuit over the records be dismissed. Cheney leaves office Jan. 20, potentially taking millions of records that might otherwise become public. Cheney is being sued by Citizens for Responsibility and Ethics in Washington, a watchdog group that is trying to ensure that no presidential records are destroyed or handled in a way that makes them unavailable to the public. The 1978 Presidential Records Act requires that all presidential and vice presidential records to be transferred to the National Archives immediately upon the end of the president's last term and charges the archivist with preserving and controlling access to presidential records. The law allows exceptions for personal or purely party records. But the law is unclear on how disagreements will be resolved about disputed records, said Steven Aftergood, a government secrecy expert at the Federation of American Scientists. "Decisions that are made in the next couple of weeks may prove irrevocable. If records are held from the archivist now, they may never be recovered," Aftergood said. A judge in September ordered Cheney to preserve all records while the suit continued.
Note: For many reports from reliable sources on government secrecy, click here.
The foreign nonunion auto companies located in the South have a plan to reduce wages and benefits at their factories in the United States. And to do it, they need to destroy the United Auto Workers. Last week, Senate Republicans from some Southern states went to work trying to do just that, on the foreign car companies' behalf. [Republican] representatives from states that subsidize companies such as Honda, Volkswagen, Toyota and Nissan first tried to force the UAW to take reductions in wages and benefits as a condition for supporting the auto industry bailout bill. When the UAW refused, those senators torpedoed the bill. They claimed that they couldn't support the bill without specifics about how wages would be "restructured." They didn't, however, require such specificity when it came to bailing out the financial sector. Their grandstanding, and the government's generally lackluster response to the auto crisis, highlight many of the problems that have caused our current economic mess: the lack of concern about manufacturing, the privileged way our government treats the financial sector, and political support given to companies that attempt to slash worker's wages. When one compares how the auto industry and the financial sector are being treated by Congress, the double standard is staggering. At Goldman Sachs ... employee compensation made up 71% of total operating expenses in 2007. In the auto industry, by contrast, autoworker compensation makes up less than 10% of the cost of manufacturing a car. Hundreds of billions were given to the financial-services industry with barely a question about compensation; the auto bailout, however, was sunk on this issue alone.
Note: For highly revealing reports from reliable sources on the realities of the Wall Street bailout, click here.
Bernard Madoff, accused of the largest fraud in U.S. history, will be allowed to remain in his $7 million Park Avenue apartment instead of being sent to jail, under terms of an agreement announced today by federal prosecutors. Madoff was unable to meet the bond conditions set last week by a federal magistrate which required him to get four people to sign his personal recognizance bond. According to the U.S. Attorney's office, only Madoff's wife and brothers were willing to sign the document. But instead of ordering him held in jail, prosecutors agreed to home detention with electronic monitoring. Madoff and his luxury apartment on Manhattan's upper east side will be fitted with an electronic monitoring device by the court's pre-trial services and Madoff will be under a curfew of between 7 p.m. through 9 a.m. Madoff's wife agreed to post the mansions in her name in Palm Beach, Florida and in Montauk on New York's Long Island. The Securities and Exchange Commission chairman said today the agency has found "no evidence of wrongdoing by any SEC personnel" in connection with Madoff's alleged $50 billion Ponzi scheme and that the SEC intends to get to the bottom of where it may have gone wrong. "I was very concerned to learn this week that credible allegations about Mr. Madoff had been made over nearly a decade and yet never referred to the commission for action," Commissioner Christopher Cox said at a press conference. Yesterday, Cox acknowledged what amounted to a generational failure on the part of the SEC to discover any hint of Madoff's scheme, despite allegations dating back to 1999.
Note: Why is the criminal responsible for the largest single banking scandal in history given house arrest rather than jail before his trial? Isn't it remarkable that the hands-off treatment Madoff received over the years from the SEC seems to be continuing from the Federal prosecutors? For more on Wall Street corruption, 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.