Media ArticlesExcerpts of Key Media Articles in Major Media
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Public health groups, consumer advocates and members of Congress blasted the Food and Drug Administration yesterday for failing to act after discovering trace amounts of the industrial chemical melamine in baby formula sold in the United States. "This FDA, this Bush administration, instead of protecting the public health, is protecting industry," said Rep. Rosa DeLauro (D-Conn.), who chairs the Appropriations subcommittee that oversees the FDA budget. "We're talking about babies, about the most vulnerable. This really makes me angry." The FDA found melamine and cyanuric acid, a related chemical, in samples of baby formula made by major U.S. manufacturers. Melamine can cause kidney and bladder stones and, in worst cases, kidney failure and death. If melamine and cyanuric acid combine, they can form round yellow crystals that can also damage kidneys and destroy renal function. Melamine was found in Good Start Supreme Infant Formula With Iron made by Nestle, and cyanuric acid was detected in Enfamil Lipil With Iron infant formula powder made by Mead Johnson. The FDA has been testing hundreds of food products for melamine in the aftermath of a scandal this year involving Chinese infant formula tainted with melamine. Chinese manufacturers deliberately added the chemical to watered-down formula to make it appear to contain higher levels of protein. More than 50,000 Asian infants were hospitalized, and at least four died.
Note: For many reports on government corruption from major media sources, click here.
As a plastic surgeon, [Geoff] Williams could live in a sprawling house, cruise in a snazzy sports car and wear custom-made shoes instead of the $5 pair he snagged at the thrift store a few years back. Instead he spends his money on hundreds of strangers, half a world away. Grown men with rope-like tumors engulfing their eyes, nose, lips. Teenage girls with heads cocked permanently to one side because of burn-tightened skin. But mostly children — with faces split up the middle like a half-open zipper. Williams invests in faces. As he worked and taught in wealthy hospitals, his mind was preoccupied with thoughts of the hundreds of desperate mothers in Vietnam who had swarmed him during a volunteer training trip, thrusting their deformed babies at him and begging for help. Only 20 babies were treated that trip; about 180 were sent away. "Leaving, looking down at those lights, I knew these mothers were going home with total disappointment," Williams recalls. "I remember making a promise to myself then, to those mothers: I may not be able to find you, but I'll find someone like you. I'll come back. I'll do more." Several months later, he took another volunteer trip, this time to India. "I thought I'd do it a couple of times and get it out of my system. After about a year, it just hit me — it would not be easy to stop doing it." He took a leave of absence from the University of Texas in 2003 to immerse himself in treating the forgotten patients in developing countries. He never went back.
There has never been a more important time to invest in green technologies, yet many of us believe these efforts are doomed to failure. What nonsense. Myth 1: solar power is too expensive to be of much use. In reality, today's bulky and expensive solar panels capture only 10% or so of the sun's energy, but rapid innovation in the US means that the next generation of panels will be much thinner, capture far more of the energy in the sun's light and cost a fraction of what they do today. Myth 2: wind power is too unreliable. Actually, during some periods earlier this year the wind provided almost 40% of Spanish power. Parts of northern Germany generate more electricity from wind than they actually need. Northern Scotland, blessed with some of the best wind speeds in Europe, could easily generate 10% or even 15% of the UK's electricity needs at a cost that would comfortably match today's fossil fuel prices. Myth 3: marine energy is a dead-end. This year we have seen the installation of the first tidal turbine to be successfully connected to the UK electricity grid in Strangford Lough, Northern Ireland, and the first group of large-scale wave power generators 5km off the coast of Portugal, constructed by a Scottish company.
Note: The remaining energy myths treated in this article are: Myth 4: nuclear power is cheaper than other low-carbon sources of electricity. Myth 5: electric cars are slow and ugly. Myth 6: biofuels are always destructive to the environment. Myth 7: climate change means we need more organic agriculture. Myth 8: zero carbon homes are the best way of dealing with greenhouse gas emissions from buildings. Myth 9: the most efficient power stations are big. Myth 10: all proposed solutions to climate change need to be hi-tech. For lots more on exciting new energy technology developments from reliable sources, click here.
I spent Sunday afternoon brooding over a [New York Times] front-page article, entitled ["Citigroup Saw No Red Flags Even as It Made Bolder Bets”]. In searing detail it exposed ... how some of our country’s best-paid bankers were overrated dopes who had no idea what they were selling, or greedy cynics who did know and turned a blind eye. But it wasn’t only the bankers. This financial meltdown involved a broad national breakdown in personal responsibility, government regulation and financial ethics. So many people were in on it: People who had no business buying a home, with nothing down and nothing to pay for two years; people who had no business pushing such mortgages, but made fortunes doing so; people who had no business bundling those loans into securities and selling them to third parties, as if they were AAA bonds, but made fortunes doing so; people who had no business rating those loans as AAA, but made fortunes doing so; and people who had no business buying those bonds and putting them on their balance sheets so they could earn a little better yield, but made fortunes doing so. Citigroup was involved in, and made money from, almost every link in that chain. And the bank’s executives, including ...the former Treasury Secretary Robert Rubin, were ... so ensnared by the cronyism between the bank’s risk managers and risk takers (and so bought off by their bonuses) that they had no interest in stopping it. These are the people whom taxpayers bailed out on Monday to the tune of what could be more than $300 billion.
Note: For many revealing reports on the Wall Street bailout from major media sources, click here.
For a few months this summer, the oil market speculator ... helped push oil prices steadily higher, shattering records that had lasted for decades. As oil topped $145 per barrel, Congress started looking for ways to rein the speculators in. Then oil prices plunged, and interest in the issue fizzled. But that may soon change. "This will remain an issue," said Sen. Byron Dorgan, D-N.D., who introduced oil market legislation this year. "Because when the price of oil has gone from $50 to $147 and back, it's clear to me and everyone else that this has nothing to do with supply and demand. It has to do with speculation." Among possible changes, Congress may try to assert more authority over unregulated oil swaps that don't take place on any formal market. Many factors helped shove prices higher, including the growth of China's economy and the decline of the American dollar. But oil kept rising even as gasoline sales fell in the United States, the world's largest oil consumer. That wouldn't have happened if supply and demand really were driving the market, many analysts say. "The entire move from $70 (per barrel) to $147 was people fleeing the dollar and looking at oil as an asset class," said Amy Myers Jaffe, an energy research fellow at Rice University's Baker Institute. "It was speculators, so when they exited the market, we went right back to $70." Speculators are investors who trade in oil or other commodities strictly as a financial investment. They include hedge funds and investment banks as well as retirement funds.
Note: For lots more reports on corporate corruption from reliable sources, click here.
The government's financial bailout will be the most expensive single expenditure in American history, potentially costing around $7.5 trillion -- or half the value of all the goods and services produced in the United States last year. In comparison, the total U.S. cost of World War II adjusted for inflation was $3.6 trillion. The bailout will cost more than the total combined costs in today's dollars of the Marshall Plan, the Louisiana Purchase, the Korean War, the Vietnam War and the entire historical budget of NASA, including the moon landing, according to data compiled by Bianco Research. It remains to be seen whether the government's multipronged approach to bail out banks, stimulate spending and buy up mortgages will revive the economy, but as the tab continues to grow so does concern over where the government will find the money. Monday the government guaranteed an additional $306 billion to bail out Citigroup, and today Treasury Secretary Henry Paulson pledged $800 billion to make credit more available to consumers and small businesses, and to buy up mortgages from Fannie Mae and Freddie Mac. Congress last month allocated $700 billion for an emergency bailout of some of Wall Street's most storied firms by purchasing their troubled assets. The funds allocated through the Troubled Assets Relief Program are but a small part of the government's overall bailout spending. Bailout programs also include a Federal Reserve plan to buy as much as $2.4 trillion in short-term notes called commercial paper that began Oct. 27, and an FDIC plan to spend $1.4 trillion to guarantee bank-to-bank loans that commenced Oct. 14, according to Bloomberg News, which first compiled the total cost of the bailout.
Note: $7.5 trillion amounts to about $25,000 for every person in the U.S. What's going on here? For many revealing reports on the realities of the Wall Street bailout, click here.
Cancer researchers have known for years that it was possible in rare cases for some cancers to go away on their own. There were occasional instances of melanomas and kidney cancers that just vanished. And neuroblastoma, a very rare childhood tumor, can go away without treatment. But these were mostly seen as oddities — an unusual pediatric cancer that might not bear on common cancers of adults, a smattering of case reports of spontaneous cures. And since almost every cancer that is detected is treated, it seemed impossible even to ask what would happen if cancers were left alone. Now, though, researchers say they have found a situation in Norway that has let them ask that question about breast cancer. And their new study, to be published Tuesday in The Archives of Internal Medicine, suggests that even invasive cancers may sometimes go away without treatment and in larger numbers than anyone ever believed. Robert M. Kaplan, the chairman of the department of health services at the School of Public Health at the University of California, Los Angeles, [is] persuaded by the analysis. The implications are potentially enormous, Dr. Kaplan said. If the results are replicated, he said, it could eventually be possible for some women to opt for so-called watchful waiting, monitoring a tumor in their breast to see whether it grows. “People have never thought that way about breast cancer,” he added. Dr. Kaplan and his colleague, Dr. Franz Porzsolt, an oncologist at the University of Ulm, said in an editorial that accompanied the study, “If the spontaneous remission hypothesis is credible, it should cause a major re-evaluation in the approach to breast cancer research and treatment.”
Note: For reports from major media sources on many hopeful new developments in the battle against cancer, click here.
The bailouts keep coming, and they seem to be getting worse for taxpayers. The deal worked out over the weekend to prevent the collapse of Citigroup "is a terrible deal for taxpayers," says Campbell Harvey, a Duke University global finance professor. "Some intervention was necessary. But the terms of the intervention basically shafted the U.S. taxpayer." Under the deal, the U.S. government will invest $20 billion in Citigroup preferred stock (on top of its previous $25 billion capital injection from the Troubled Asset Relief Program) and guarantee up to $306 billion in mortgage and other assets. Citigroup would absorb the first $29 billion in losses on that asset pool. Losses exceeding $29 billion would be shared 90 percent by the government and 10 percent by Citigroup. What do taxpayers get for taking on this risk? Citigroup will pay an 8 percent dividend on the preferred stock or $560 million a year. By comparison, when Warren Buffett's Berkshire Hathaway recently invested $5 billion in Goldman Sachs and $3 billion in General Electric, it got preferred stock that pays a 10 percent dividend. The government also gets warrants to purchase about $2.7 billion worth of Citigroup common stock at $10.61 per share. Citigroup's shares closed at $5.95 per share Monday, up $2.18 from Friday. For the warrants to become profitable, the common shares would have to nearly double.
Note: The answer to the question of what taxpayers get should be essentially nothing. Only Citigroup shareholders will see the benefits mentioned, and very few taxpayers are shareholders. Money is being thrown around like never before. For many revealing reports on the realities of the Wall Street bailout, click here.
Author and professor [David Ray] Griffin ... knows his work is referred to by officials and the media as conspiracy theory, and he has a rebuttal: “the official theory is itself a conspiracy theory.” In [The New Pearl Harbor Revisited: 9/11, the Cover-Up, and the Exposé, a] companion volume to 2004's The New Pearl Harbor: Disturbing Questions About the Bush Administration and 9/11, Griffin provides corrections, raises new issues and discusses “the two most important official reports about 9/11,” the 9/11 Commission Report and the National Institute of Standards and Technology report on the Twin Towers, both “prepared by people highly responsive to the wishes of the White House” and riddled with “omission and distortion from beginning to end.” Griffin addresses many points in exhaustive detail, from the physical impossibility of the official explanation of the towers’ collapse to the Commission's failure to scrutinize the administration to the NIST’s contradiction of its own scientists to the scads of eyewitness and scientific testimony in direct opposition to official claims. Citing hundreds, if not thousands, of sources, Griffin's detailed analysis is far from reactionary or delusional, building a case that, though not conclusive, raises enough valid and disturbing questions to make his call for a new investigation more convincing than ever.
Note: Publishers Weekly reviews have guided the book trade, including booksellers, publishers, librarians, and literary agents, for 136 years. "Pick of the Week" sets the standard for the best of the best new books. This recognition by such a prestigious journal shows the remarkable quality of the 9/11-truth work of WantToKnow.info team member David Ray Griffin. To read about all his 9/11 books, click here.
The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis. When Congress approved the TARP on Oct. 3, Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson acknowledged the need for transparency and oversight. Now, as regulators commit far more money while refusing to disclose loan recipients or reveal the collateral they are taking in return, some Congress members are calling for the Fed to be reined in. “Whether it’s lending or spending, it’s tax dollars that are going out the window and we end up holding collateral we don’t know anything about,” said Congressman Scott Garrett, a New Jersey Republican who serves on the House Financial Services Committee. “The time has come that we consider what sort of limitations we should be placing on the Fed so that authority returns to elected officials as opposed to appointed ones.”
Note: How is it possible that trillions of taxpayer dollars are being thrown around, yet Congress is not being told where the money is going? For revealing information on how the Fed manipulates government, click here.
Just imagine what you might do if a doctor said you have only two weeks left to live. For 11-year-old Brenden Foster ... who was given that prognosis earlier this year after learning he was suffering from leukemia ... the answer was probably not what you'd expect. Instead of asking for an expensive toy or a fancy vacation, he decided to focus all his remaining energy on feeding the homeless. "They're probably starving, so give them a chance," he said. He was too weak to do it himself, but his determination caught on near his home in Seattle, where neighbors and residents launched a food drive. His story touched people so deeply that it spread, inspiring food drives from Los Angeles to Pensacola, Fla. In just two weeks, an 11-year-old boy, too sick to even work a paper route, has raised tens of thousands of dollars and brought in truckloads of donations to local food pantries. "When I told him he was dying, he cried," his mother recalled. "And he said, 'When I get to heaven I'm going to ask God why it had to be so soon because I had so much more I wanted to do.' Everything that he wanted to do was to help others and to benefit others." Foster, who devoted his final days to lifting others up, became bedridden. The kid who could once outrun any of his friends could no longer walk. Last week, Foster could hardly keep his eyes open, but he didn't waiver from his wish. "'Tis the season to give," he said. Foster lived long enough to see his dream come alive, before dying in his mother's arms Friday morning. "Follow your dreams, don't let anything stop you," Foster said.
On May 7, 1915, the RMS Lusitania, jewel of the Cunard Line, was on a New York-to-Liverpool run when it was attacked by a German U-boat 12 miles off the coast of Ireland. At 2:10 p.m., a torpedo plowed into the ship and exploded. Fifteen seconds later, a massive second explosion rocked the ship again. Within a mere 18 minutes, the Lusitania plunged 300 feet to the bottom of the Celtic Sea. Of the 1,959 passengers and crew, 1,198 were lost. The tragedy sparked anti-German fervor that eventually drew the United States into World War I. [Colin] Barnes has had a long career as a fisherman and dive boat captain. He's sailed over the wreck of the Lusitania at least 50 times. He often reflects on what it must have been like during the disaster — more than 1,000 people in the freezing water, wreckage strewn about. "Everyone who survived said how awful it was, listening to all these people crying for help," he muses. "Just hundreds of people were about to perish in the cold water and just yelling for help." His voice quavers slightly as he recounts the unfathomable actions of the British Royal Navy. The Navy had dispatched a cruiser from nearby Queenstown to undertake a rescue — but the ship was mysteriously recalled just as it steamed into view of the survivors. The stricken masses were left frantically waving in disbelief. With its historical intrigue and forensic cul-de-sacs, the Lusitania is a powerful magnet for a colorful cast of obsessives determined to solve the mystery.
Note: Could it be that certain powerful elites wanted these massive death numbers to draw the US into the war? For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
Using technology originally developed for mass disasters, Boston disease trackers are embarking on a novel experiment - one of the first in the country - aimed at eventually creating a citywide registry of everyone who has had a flu vaccination. The resulting vaccination map would allow swift intervention in neighborhoods left vulnerable to the fast-moving respiratory illness. The trial starts this afternoon, when several hundred people are expected to queue up for immunizations at the headquarters of the Boston Public Health Commission. Each of them will get a bracelet printed with a unique identifier code. Information about the vaccine's recipients, and the shot, will be entered into handheld devices similar to those used by delivery truck drivers. Infectious disease specialists in Boston and elsewhere predicted that the registry approach could prove even more useful if something more sinister strikes: a bioterrorism attack or the long-feared arrival of a global flu epidemic. In such crises, the registry could be used to track who received a special vaccine or antidote to a deadly germ. "Anything you can do to better pinpoint who's vaccinated and who's not, that's absolutely vital," said Michael Osterholm, director of the Center for Infectious Disease Research & Policy at the University of Minnesota. "I wish more cities were doing this kind of thing." When people arrive for their shots, they will get an ID bracelet with a barcode. Next, basic information - name, age, gender, address - will be entered into the patient tracking database. There will be electronic records, too, of who gave the vaccine and whether it was injected into the right arm or the left, and time-stamped for that day.
Note: For more on the serious risks and dangers posed by vaccines, click here and here.
As the financial crisis makes cash and credit increasingly scarce, the ancient custom of bartering is booming. Cost-conscious consumers are getting creative to make every dollar count. Some are dusting off books, DVDs, video games, and other little-used items to trade for necessities or gifts. Others are exchanging services such as house painting for Web design or guitar lessons for clerical work. These newly minted cheapskates are seeing the world through green eyeshades, cutting costs wherever and whenever they can. "In the last couple of months, it's been like a bucket of cold water in our faces," said Mary Hunt, founder of money management site DebtProofLiving.com. "It has woken us up. We are paying attention to what things cost." Every recession triggers bartering, economists say. But the Internet has given the practice unprecedented reach. Before the Web connected strangers from anywhere, bartering was limited by geography and social circle. As a form of everyday currency, bartering has downsides. It's far more time-consuming and tricky to negotiate the exchange of goods and services than it is to simply plunk down some bills. Sometimes prospective swappers flake out or try to rip off their trading partners. Transactions don't always go smoothly. Still, exchanging something you no longer want or need for something you do is appealing to many. A growing number of websites, including TradeaFavor.com and JoeBarter.com, cater to the cost-conscious. There were 148,097 listings in the barter category of Craigslist in September, up sharply from 83,554 a year earlier.
The credit bubble has burst. The economy is tanking. Investors in the U.S. stock market have lost more than $9 trillion since its peak a year ago. But in industries at the center of the crisis, plenty of top officials managed to emerge with substantial fortunes. Fifteen corporate chieftains of large home-building and financial-services firms each reaped more than $100 million in cash compensation and proceeds from stock sales during the past five years, according to a Wall Street Journal analysis. Four of those executives, including the heads of Lehman Brothers Holdings Inc. and Bear Stearns Cos., ran companies that have filed for bankruptcy protection or seen their share prices fall more than 90% from their peak. The study ... showed that top executives and directors of the firms cashed out a total of more than $21 billion during the period. The issue of compensation and other rewards for corporate executives is front-and-center in the wake of the financial meltdown. In the tech bubble of the late 1990s, more than 50 individuals each made more than $100 million from selling shares just prior to the crash. Many had just founded companies that had never turned a profit. "The system tends to reward people for participating in bubbles," says Roy C. Smith, a finance professor at New York University's business school.
Note: For many revealing reports on the Wall Street bailout from reliable sources, click here.
Paul Rice stands at the edge of a dirt road, overlooking the volcanic peaks and adobe homes of this small Nicaraguan town near the border with Honduras. On a visit to the coffee-growing hills above San Lucas, Rice cultivated what would later become the American fair trade movement. Founded in 1998 in a converted warehouse in downtown Oakland, TransFair USA began as a bare-bones operation with an unusual premise - put more money in the pockets of farmers in the developing world by persuading consumers thousands of miles away to pay a premium in the name of social justice. Modeled after organic produce and dolphin-safe tuna, Rice started the organization with the stark black and white label that told shoppers their coffee came from farmers who received a "fair price." Ten years later, Rice and his family spend every July in Nicaragua, visiting family and friends and working on fair trade issues. In San Lucas, Rice huddled with Santiago Rivera, a 67-year-old cooperative coffee farmer he calls "the real Juan Valdez." Until the Sandinista Revolution in 1979, Rivera worked on a private coffee plantation making less than 50 cents a day. When the new government acquired the farm, Rivera and some 20 other farmers were given the land to work collectively. TransFair says it has generated some $110 million in extra income for small coffee farmers like Rivera. "The great thing about fair trade is that when the market price would fall, we'd have the guarantee of a decent price," Rivera said. "When it'd go up, we'd get more. The great thing is the stability."
Note: For those who are not aware of the paradigm-busting fair trade movement, consider educating yourself on this wonderful new way of doing business by clicking here.
From the assassination of John F Kennedy to the death of Diana, Princess of Wales. From Roswell, New Mexico, to Nasa's moon landings. From the bloodline of Christ to the death of Elvis Presley. From the Moscow appartment bombings to the Indian Ocean tsunami. From Pearl Harbour to Peak Oil, the Philadelphia experiment and Pan Am flight 103. Every major event of the last 2,000 years has prompted a conspiracy theory and here we examine those with the biggest followings and the most longevity. 1. September 11, 2001. Thanks to the power of the web and live broadcasts on television, the ... theories surrounding the events of 9/11 ... have surpassed those of Roswell and JFK in traction. The [alternative] theories continue to grow in strength. At the milder end of the spectrum are the theorists who believe that the US government had prior warning of the attacks but did not do enough to stop them. Others believe that the Bush administration deliberately turned a blind eye to those warnings because it wanted a pretext to launch wars in the Middle East to usher in another century of American hegemony. A large group of people - collectively called the 9/11 Truth Movement - cite evidence that an airliner did not hit the Pentagon and that the World Trade Centre could not have been brought down by airliner impacts and burning aviation fuel alone. Many witnesses - including firemen, policemen and people who were inside the towers at the time - claim to have heard explosions below the aircraft impacts (including in basement levels) and before both the collapses and the attacks themselves.
Note: For a concise two-page summary of many unanswered questions about what really happened on 9/11, click here.
Given the speed at which the federal government is throwing money at the financial crisis, the average taxpayer, never mind member of Congress, might not be faulted for losing track. CNBC, however, has been paying very close attention and keeping a running tally of actual spending as well as the commitments involved. Try $4.28 trillion dollars. That's $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources. Not only is it an astronomical amount of money, it's a complicated cocktail of budgeted dollars, actual spending, guarantees, loans, swaps and other market mechanisms by the Federal Reserve, the Treasury and other offices of government taken over roughly the last year, based on government data and news releases. Strictly speaking, not every cent is a direct result of what's called the financial crisis, but it is arguably related to it. Some 68-percent of the sum falls under the Federal Reserve's umbrella, while another 16 percent is the under the Troubled Asset Relief Program, TARP, as defined under the Emergency Economic Stabilization Act, signed into law in early October. The TARP alone is bigger than virtually any other US government endeavor dating back to the Louisiana Purchase.
Note: That's over $10,000 per man, woman, and child in the U.S. Click on the link above to view a highly informative slideshow, the "Biggest Budget Items in US History," comparing the Wall Street bailout to famous historic government expenditures, and a chart, the "Financial Crisis Balance Sheet," detailing the many components of the bailout. For many key articles revealing the hidden realities of the bailout, click here.
Mark Cuban, the Internet entrepreneur turned owner of the Dallas Mavericks basketball team, has never shied from a fight. But now the pugnacious billionaire is squaring off against his biggest adversary yet: the federal government. On Monday, the Securities and Exchange Commission filed a civil suit charging Mr. Cuban with insider trading for selling shares of a small Internet search company in 2004, just before its share price fell. [Allegedly] Mr. Cuban saved himself a $750,000 loss. Scott W. Friestad, the S.E.C.’s deputy director of enforcement, said the investigation of Mr. Cuban’s trading began in early 2007, but declined to say what had set off the inquiry. A person close to Mr. Cuban provided what he said was one of a series of e-mail messages from Jeffrey B. Norris, an S.E.C. lawyer in Fort Worth, who accused the billionaire of being unpatriotic for helping to finance a movie named “Loose Change.” In the e-mail message, Mr. Norris described the movie as a “vicious and absurd documentary” that “posits that President Bush planned the demolition of the World Trade Center as a pretext for going to war against Iraq.” In the e-mail message, sent from his S.E.C. e-mail address, Mr. Norris said he was informing Christopher Cox, the chairman of the S.E.C., of Mr. Cuban’s actions. “If this upsets you, I wonder how George Bush feels,” Mr. Norris wrote. “I assume that Mr. Cox would view your involvement with ‘Loose Change’ much as I do. After all, he served his country as a Republican congressman from Orange County for nearly 20 years and was appointed by President Bush.”
Note: This New York Times report clearly suggests that Cuban is being pursued by the SEC because of his support for the 9/11-truth documentary Loose Change Final Cut, for which WantToKnow team member David Ray Griffin acted as script consultant. To read the full text of the email from Norris to Cuban, click here. Another project Mark Cuban supports is the highly useful website for tracking the Wall Street bailout, bailoutsleuth.com, which has recently estimated the bailout to date at over $2.5 trillion!
The more details emerge, the clearer it becomes that Washington's handling of the Wall Street bail-out is not merely incompetent: it is borderline criminal. In a moment of high panic in September, the US treasury pushed through a radical change in how bank mergers are taxed - a change long sought by the industry. Despite the fact that this move will deprive the government of as much as $140bn in tax revenue, legislators found out only after the fact. According to the Washington Post, more than a dozen tax attorneys agree that "[the] treasury had no authority to issue the [tax change] notice". Of equally dubious legality are the equity deals the treasury has negotiated with many of the banks. According to Congressman Barney Frank, one of the architects of the legislation that enables the deals: "Any use of these funds for any purpose other than lending - for bonuses, for severance pay, for dividends, for acquisitions of other institutions ... is a violation of the act." Yet this is exactly how the funds are being used. Then there is the nearly $2 trillion that America's central bank, the Federal Reserve, has handed out in emergency loans. Incredibly, the Fed will not reveal which corporations have received these loans or what it has accepted as collateral. Bloomberg news service believes this secrecy violates the law and has filed a federal suit demanding full disclosure. Yet the Democrats are either openly defending the administration or refusing to intervene. Obama owes it to the people who elected him to call this what it is: an attempt to undermine the electoral process by stealth.
Note: For many key articles revealing the hidden realities of the bailout, 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.