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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.


Refusing to be Muzzled by LA Auto Show, AFS Trinity Pulls 150 MPG SUV out of Show
2008-11-07, MarketWatch (A Wall Street Journal Digital Network Website)
http://www.marketwatch.com/news/story/Refusing-Muzzled-LA-Auto-Show/story.asp...

AFS Trinity Power Corporation today announced it pulled its 150 MPG plug-in hybrid SUV prototypes out of the LA Auto Show but will independently exhibit and demonstrate the super fuel-efficient vehicles on their own elsewhere in downtown LA during the show. The company's decision followed actions by the LA Auto Show to muzzle AFS Trinity from highlighting the 150 miles per gallon fuel economy of its XH150 prototype vehicles. "The suppression by the automakers of information about technologies such as this raises serious questions about the judgment, vision, intentions and capabilities of the leadership of these companies," said Edward W. Furia, Chairman and CEO of AFS Trinity. "Such conduct by the automakers, who are currently seeking tens of billions of taxpayer dollars, ostensibly to develop fuel efficient vehicle technologies, is evidence they are reluctant to embrace solutions they didn't invent." First shown at the North American International Auto Show (NAIAS) in Detroit in January, 2008, two XH150 prototypes have toured the country for the last ten months and received positive reactions from the American public, national media, public officials, governors, ... members of Congress as well as automotive fleet managers and engineers in Austin, Salt Lake City, Philadelphia, Washington D.C., Seattle, Livermore and Sacramento. Furia explained that, when AFS Trinity sought exhibition space on the main floor of the LA Auto Show, the only space that show management offered was the Kentia Hall basement.

Note: The LA Auto Show is "owned" by the Greater Los Angeles New Car Dealers Association, which, in turn, is closely associated with the major auto makers in Detroit. For lots more exciting developments in automotive and new energy technologies from reliable, verifiable sources, click here.


Jury convicts former FBI agent in mob killing
2008-11-06, MSNBC/Associated Press
http://www.msnbc.msn.com/id/27579928/wid/11915829

Former FBI agent John Connolly was convicted ... of second-degree murder for leaking information to Boston mobsters that led to the 1982 shooting death of a gambling executive who also had ties to gangsters. Prosecutors said former World Jai-Alai president John Callahan was killed after Connolly warned gangsters that Callahan might implicate them in other slayings. Boston mob kingpins James "Whitey" Bulger and Stephen "The Rifleman" Flemmi were FBI informants handled by Connolly. Connolly was convicted in 2002 of racketeering because of his relationship with Bulger and Flemmi, including a 1995 tip that enabled Bulger to escape arrest and begin a life on the run that continues to this day. Bulger is one of the FBI's "Ten Most Wanted" fugitives. The story that unfolded over the past two months in a Miami courtroom spanned more than two decades of Boston's underworld, a tale that has already spawned several books and was the basis for the 2006 Martin Scorcese film "The Departed." Connolly retired from the FBI in 1990 and was later indicted on federal racketeering and other charges stemming from his long relationship with Bulger and Flemmi, who paid the agent $235,000 over the years for protection, according to trial testimony. In a case considered one of the FBI's worst failures, Connolly was convicted in 2002 and is serving a 10-year federal prison sentence in the corruption case. He was indicted in 2005 in the killing of Callahan, 45, whose body was found stuffed in the trunk of his Cadillac at Miami International Airport in August 1982.


Government black boxes will 'collect every email'
2008-11-05, The Independent (One of the U.K.'s leading newspapers)
http://www.independent.co.uk/news/uk/home-news/government-black-boxes-will-co...

Internet "black boxes" will be used to collect every email and web visit in the UK under the Government's plans for a giant "big brother" database, The Independent has learnt. Home Office officials have told senior figures from the internet and telecommunications industries that the "black box" technology could automatically retain and store raw data from the web before transferring it to a giant central database controlled by the Government. Plans to create a database holding information about every phone call, email and internet visit made in the UK have provoked a huge public outcry. Richard Thomas, the Information Commissioner, described it as "step too far" and the Government's own terrorism watchdog said that as a "raw idea" it was "awful". News that the Government is already preparing the ground by trying to allay the concerns of the internet industry is bound to raise suspicions about ministers' true intentions. Further details of the database emerged on Monday at a meeting of internet service providers (ISPs) in London where representatives from BT, AOL Europe, O2 and BSkyB were given a PowerPoint presentation of the issues and the technology surrounding the Government's Interception Modernisation Programme (IMP), the name given by the Home Office to the database proposal. "It was clear the 'back box' is the technology the Government will use to hold all the data. But what isn't clear is what the Home Secretary, GCHQ and the security services intend to do with all this information in the future," said a source close to the meeting.

Note: For lots more on threats to privacy from reliable sources, click here.


New Terrain for Panel on Bailout
2008-11-04, New York Times
http://www.nytimes.com/2008/11/04/business/economy/04bailout.html?partner=rss...

Having been handed vast authority and almost no restrictions in the bailout law that Congress passed ... a committee of five little-known government officials, aided by a bare-bones staff of 40, is picking winners and losers among thousands of banks, savings and loans, insurers and other institutions. It is new and unfamiliar terrain for the officials, who are making monumental decisions — a form of industrial policy, some critics say — that contradict the free market philosophy they usually espouse. Predictably, the process is stirring alarm from Capitol Hill to Wall Street. Among the problems, critics say, is that despite earlier promises of transparency, the process is shrouded in secrecy, its precise goals opaque. Treasury officials have refused to disclose their criteria for deciding which banks ... get money. And officials have yet to say they even have a broader strategy, though banking executives are convinced the government wants to encourage acquisitions. Already, critics from Capitol Hill to Wall Street are lashing out at the program, saying the banks are misusing the capital infusions by hoarding the money rather than lending it. The government, the critics say, is wrongly steering funds to banks to take over weaker rivals. All this comes after Mr. Paulson abruptly shifted the focus of the program to injecting capital rather than buying distressed mortgage-related assets from the banks. This meant that Congress had never debated the details of how the government ought to carry out a recapitalization.

Note: With the intense secrecy and all of the lobbyist and big guns for banking fighting for hundreds of billions of dollars given practically free by the government, do you really think these "five little-known government officials" will be impartial in their decisions? For many revealing, reliable reports on the Wall Street bailout, click here.


Effectiveness of AIG's $143 Billion Rescue Questioned
2008-11-03, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/02/AR20081102021...

A number of financial experts now fear that the federal government's $143 billion attempt to rescue troubled insurance giant American International Group may not work, and some argue that company shareholders and taxpayers would have been better served by a bankruptcy filing. The Treasury Department leapt to keep AIG from going bankrupt on Sept. 16, and in the past seven weeks, AIG has drawn down $90 billion in federal bailout loans. But some key AIG players argue that bankruptcy would have offered more structure and greater protections during a time of intense market volatility. Echoing some other experts, Ann Rutledge, a credit derivatives expert, ... said she ... fears that the government is papering over the problem with a quick fix that was not well planned. "What we see now are a lot of games by the government to keep these institutions going with a lot of cash," she said. "This is to fill holes in companies' balance sheets, and they're trying to hold at bay the charges that our financial system is insolvent." As AIG has rapidly eaten through the loan money, the Fed has twice expanded its original $85 billion bailout -- which itself was the largest government bailout of a private company in U.S. history. Earlier last month, the Fed ... gave AIG $38 billion more in credit for securities lending to try to keep the firm from drawing down its first Fed loan too quickly. Then on Thursday, the Fed agreed to let AIG borrow $20 billion from a larger commercial paper bailout fund it had set up days earlier for all institutions that lend money to each other. If the company had filed for Chapter 11 bankruptcy protection, AIG could have frozen the crippling collateral calls.

Note: For extensive coverage of continuing revelations about the Wall Street bailout, click here.


Why We Believe
2008-11-03, Newsweek
http://www.newsweek.com/id/165678

It wasn't immediately obvious to Walter Semkiw that he was the reincarnation of John Adams. Semkiw is a doctor. In 1984, a psychic told the then [skeptical] medical resident and psychiatrist-in-training that he is the reincarnation of a major figure of the Revolution, possibly Adams. But one day in 1995, when Semkiw was the medical director for Unocal 76, the oil company, he heard a voice in his head intoning, "Study the life of Adams!" Now he found details much more telling than those silly coincidences he had learned a dozen years earlier. It was all so persuasive, thought Semkiw ... that as a man of science and reason whose work requires him to critically evaluate empirical evidence, he had to accept that he was Adams reincarnated. If you have never had a paranormal experience ... you are in a lonely minority. According to periodic surveys by Gallup and other pollsters, fully 90 percent of Americans say they have experienced such things or believe they exist. Raised as a Roman Catholic, Semkiw is driven by a what-if optimism. If only people could accept reincarnation, he believes, Iraq's Sunnis and Shiites might stop fighting (since they might be killing someone who was once one of them). He is dismissive of the idea that reincarnation has not been empirically proved. That was the status of everything science has since proved, be it the ability of atoms to vibrate in synchrony (the basis of the laser) or of mold to cure once-lethal infections (penicillin). Dedicated to the empirical method, Semkiw believes the world is on the brink of "a science of spirituality."

Note: This article overall is strongly dismissive of paranormal phenomena, yet it contains some interesting information. For Semkiw's website on the return of the revolutionaries, click here. For an excellent essay on how science is sometimes blind to new concepts, click here.


State off course on 'personal genomics'
2008-11-02, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/02/INUO12K51K.DTL

California officials recently ordered two "personal genomics" firms to cease and desist operations within the state. The companies eventually were allowed to continue operations - with a few more regulatory conditions - but why did the state demand that they shut down in the first place? Why would a state that regards itself as progressive and high-tech act to censor what we can know about ourselves? Though regulators may shut down unscrupulous firms, the services offered by Navigenics and 23andMe meet the highest standards of accuracy, validity and reliability. The laboratories employed by both companies are fully licensed and trusted by researchers around the world. These companies give individuals the ability to take a "snapshot" of their DNA. The state objected, determining that doctors are gatekeepers of the human body, and Californians need a prescription to access their genetic blueprint. Doctors have a powerful lobby in Sacramento, and these technologies directly threaten their profits. Personal genomics aims to empower the individual, not line the pockets of an elite medical establishment. This establishment believes that individuals cannot be trusted with their own genetic information. The genome is vast, complicated and poorly understood, the argument goes, and therefore customers could be inundated with raw information of little or no practical use. Forbidding us from looking at our genes because we don't yet understand them, however, is contrary to science, innovation and human nature.

Note: For revealing reports of government corruption from reliable, verifiable sources, click here.


Was There a Loan It Didn’t Like?
2008-11-02, New York Times
http://www.nytimes.com/2008/11/02/business/02gret.html?partner=rssuserland&em...

As a senior mortgage underwriter, Keysha Cooper was proud of her ability to spot fraud and other problems in a loan application. But as a senior mortgage underwriter at Washington Mutual during the late, great mortgage boom, Ms. Cooper says she found herself in a vise. Brokers squeezed her from one side, her superiors from the other, she says, and both pressured her to approve loans, no matter what. “At WaMu it wasn’t about the quality of the loans; it was about the numbers,” Ms. Cooper says. “They didn’t care if we were giving loans to people that didn’t qualify. Instead, it was how many loans did you guys close and fund?” When underwriters refused to approve dubious loans, they were punished, she says. In February 2007 ... the pressure became intense. WaMu executives told employees they were not making enough loans and had to get their numbers up, she says. “They started giving loan officers free trips if they closed so many loans, fly them to Hawaii for a month,” Ms. Cooper recalls. “One of my account reps went to Jamaica for a month because he closed $3.5 million in loans that month. If a loan came from a top loan officer, they didn’t care what the situation was, you had to make that loan work,” she says. One loan file was filled with so many discrepancies that she felt certain it involved mortgage fraud. She turned the loan down, she says, only to be scolded by her supervisor. Ms. Cooper says that her bosses placed her on probation for 30 days for refusing to approve the loan and that her team manager signed off on the loan.

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


Harnessing The Power Of The Brain
2008-11-02, CBS News
http://www.cbsnews.com/stories/2008/10/31/60minutes/main4560940.shtml

Scott Mackler was a husband, father and successful neuroscientist when he received perhaps the worst news imaginable. At the age of 40, he could run a marathon in three and a half hours, but it was about that time he discovered he had ALS, Lou Gehrig's disease. His brain was losing its connection to virtually every muscle in his body. Today, Scott Mackler's mind is sharp as ever, but his body has failed. Doctors call it "locked in" syndrome. Scott and his wife Lynn learned to communicate with about the only thing he has left, eye movement. To signal "yes," Lynn says Scott looks at her; to signal "no," he looks away. [Yet Scott can now write] words, one letter at a time, with nothing but his thoughts and the help of what's called a brain computer interface or "BCI." He wears a cap that picks up the electrical activity of his brain and allows him to select letters simply by thinking about them. Then the computer turns his sentences into speech. "I hate being helpless and when other people put words in my mouth," he wrote. It isn't fast. It takes 20 seconds or so to select each letter. But he writes well enough to continue his research and manage his lab at the University of Pennsylvania, where he still goes to work everyday. Asked what it has meant to their relationship, Scott's wife Lynn tells Pelley, "Well, he's happier. He can communicate with not just us, but with the world. This gave him his independence. His working, intellectual, scientist independence back."


Known Unknowns: Uncoventional
2008-11-01, U.S. Army Website, Strategic Studies Institute
http://www.strategicstudiesinstitute.army.mil/pdffiles/PUB890.pdf

Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security. Deliberate employment of weapons of mass destruction or other catastrophic capabilities, unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters are all paths to disruptive domestic shock. An American government and defense establishment lulled into complacency by a long-secure domestic order would be forced to rapidly divest some or most external security commitments in order to address rapidly expanding human insecurity at home. Already predisposed to defer to the primacy of civilian authorities in instances of domestic security and divest all but the most extreme demands in areas like civil support and consequence management, DoD might be forced by circumstances to put its broad resources at the disposal of civil authorities to contain and reverse violent threats to domestic tranquility. Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States. Further, DoD would be, by necessity, an essential enabling hub for the continuity of political authority in a multi-state or nationwide civil conflict or disturbance.

Note: For an analysis which deconstructs the opaque military jargon in which this revealing strategic document is written, click here. Use of military forces to maintain domestic order has been forbidden since 1878 by the Posse Comitatus Act. The Pentagon appears to be planning to abrogate this key support of civil liberties.


Gobekli Tepe: The World’s First Temple?
2008-11-01, Smithsonian Magazine
http://www.smithsonianmag.com/history-archaeology/gobekli-tepe.html

Six miles from Urfa, an ancient city in southeastern Turkey, Klaus Schmidt has made one of the most startling archaeological discoveries of our time: massive carved stones about 11,000 years old, crafted and arranged by prehistoric people who had not yet developed metal tools or even pottery. The megaliths predate Stonehenge by some 6,000 years. The place is called Gobekli Tepe, and Schmidt, a German archaeologist who has been working here more than a decade, is convinced it's the site of the world's oldest temple. In the [excavation] pits, standing stones, or pillars, are arranged in circles. Beyond, on the hillside, are four other rings of partially excavated pillars. Each ring has a roughly similar layout: in the center are two large stone T-shaped pillars encircled by slightly smaller stones facing inward. The tallest pillars tower 16 feet and, Schmidt says, weigh between seven and ten tons. Some are blank, while others are elaborately carved: foxes, lions, scorpions and vultures abound, twisting and crawling on the pillars' broad sides. Schmidt points to the great stone rings, one of them 65 feet across. "This is the first human-built holy place," he says. Prehistoric people would have gazed upon herds of gazelle and other wild animals; gently flowing rivers, which attracted migrating geese and ducks; fruit and nut trees; and rippling fields of wild barley and wild wheat varieties such as emmer and einkorn. "This area was like a paradise," says Schmidt, a member of the German Archaeological Institute. He believes this was a place of worship on an unprecedented scale—humanity's first "cathedral on a hill."

Note: For more on this fascinating find, see the Daily Mail article available here.


Banks Owe Billions to Executives
2008-10-31, The Wall Street Journal/wealthbulletin.com
http://www.wealth-bulletin.com/home/content/3352363539/

Financial giants getting injections of federal cash owed their executives more than $40 billion for past years' pay and pensions as of the end of 2007, a Wall Street Journal analysis shows. The government is seeking to rein in executive pay at banks getting federal money. But overlooked in these efforts is the total size of debts that financial firms receiving taxpayer assistance previously incurred to their executives, which at some firms exceed what they owe in pensions to their entire work forces. The sums are mostly for special executive pensions and deferred compensation, including bonuses, for prior years. Some examples: $11.8 billion at Goldman Sachs Group Inc., $8.5 billion at J.P. Morgan Chase & Co., and $10 billion to $12 billion at Morgan Stanley. Few firms report the size of these debts to their executives. In most cases, the Journal calculated them by extrapolating from figures that the firms do have to disclose. Most firms haven't set aside cash or stock for these IOUs. They are a drag on current earnings and when the executives depart, employers have to pay them out of corporate coffers. [Such] liabilities grew especially high in the financial industry, with its tradition of lavish pay. The liabilities are an essentially hidden obligation. Even when the debts to their executives total in the billions, most companies lump them into "other liabilities"; only a few then identify amounts attributable to deferred pay.

Note: For extensive coverage of continuing revelations about the Wall Street bailout, click here.


Attorney general's private trips have cost taxpayers
2008-10-31, Miami Herald/McClatchy Newspapers
http://www.miamiherald.com/news/politics/AP/story/750332.html

Attorney General Michael Mukasey has taken personal trips on government jets almost every weekend since he took office less than a year ago at a cost to taxpayers of more than $155,800, Justice Department and Federal Aviation Administration travel records show. Mukasey took so many trips to his home in New York on FAA, FBI or Drug Enforcement Administration planes that he was outside Washington a third or more of February, May, July, August and September. From November 2007 to September 2008, he traveled to New York 45 times, according to the records, which were released in late October in response to open records requests that McClatchy filed nine months ago. Mukasey traveled with his wife on 17 of the trips, and eight of them were with four or five other relatives. Mukasey reimbursed the government a total of $15,246 for all of his trips, based on round-trip coach fares, as he's required to do by government travel regulations. However, the cost of operating the Gulfstream G5s, Cessna Citations and de Havilland Dash 8-100s that Mukasey uses is tens of thousands of dollars more. For example, the attorney general reimbursed the Justice Department $128.80 for a round-trip ticket to New York. The actual cost to the government, according to the department: $4,021.32. Mukasey's personal trips appear to outpace those of other officials who are required to travel on government jets. During the same time period, Defense Secretary Robert Gates took fewer than six personal trips, and he also reimbursed the government at coach fares.

Note: For revealing reports on government corruption from major media sources, click here.


Climate change at the poles IS man-made
2008-10-31, The Independent (One of the U.K.'s leading newspapers)
http://www.independent.co.uk/environment/climate-change/climate-change-at-the...

Changes to the climate due to human activity can now be detected on every continent, following a study showing that temperature rises in the Antarctic as well as the Arctic are the result of man-made emissions of greenhouse gases. It is the first time scientists have been able to prove the link between the temperature changes in both polar regions are down to human activity and it also undermines climate sceptics who believe the warming trend seen in the Arctic in recent decades is part of the climate's natural variability. The findings contradict the 2007 report of the Intergovernmental Panel on Climate Change, which said that Antarctica was the only continent where the human impact on the climate had not been observed. The new study shows that Antarctica has been caught up in the changes to the global climate over the past 60 years and that this warming cannot be attributed to natural variations. Using four computer models and data from dozens of weather stations sited around both the North and South poles, the study conclusively shows that humans are responsible for the significant increases in temperatures observed in the Arctic and the Antarctic over the past half century. "We're able for the first time to directly attribute warming in both the Arctic and the Antarctic to human influences on the climate," said Nathan Gillett of the Climate Research Unit at the University of East Anglia, who led the study, published in the journal Nature Geoscience.

Note: For many key reports from reliable sources on the reality of global warming, click here.


White House defends money for banks
2008-10-30, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/30/AR20081030022...

Under fire from Democrats and Republicans alike, the White House ... defended giving billions of bailout dollars to banks that plan to reward shareholders and executives -- or even buy other banks. Allowing banks to engage in such normal business activities actually could help loosen lending and revive the sagging economy, said Ed Lazear, chairman of the Council of Economic Advisers. He said the administration would not impose any conditions on banks beyond those required when Congress created the bailout program, which authorized the government to buy stock in financial institutions. Lazear was put before the cameras in the White House briefing room amid a rising chorus of complaints from lawmakers about the latitude that banks will have when they receive bailout money from Washington. That bailout was originally sold by the administration as a plan for the government to purchase toxic mortgage-based assets from financial institutions, to get them off their books and inspire the resumption of normal lending. After passage, though, the administration decided the better course would be to devote $250 billion into buying ownership stakes in banks. With taxpayers' money flowing into their vaults, banks are going ahead with paying dividends to shareholders, giving bonuses to top executives and acquiring competitors. Lawmakers are asking why banks with the money to do those things need taxpayer-funded help. The rescue legislation included some limits on executive compensation, considered weak by many. And while it does not allow institutions receiving the money to increase dividends, it does not prevent them from paying those dividends.

Note: For extensive coverage of continuing revelations about the Wall Street bailout, click here.


Treasury could bail out any industry
2008-10-30, San Francisco Chronicle/Associated Press
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/30/BU1D13QM6S.DTL

As the list of ailing companies seeking government help grows, it is anybody's guess where the Treasury Department's largesse will stop. The $700 billion bailout bill is so vague that virtually any U.S. company could be eligible for government help. While the capital infusions announced this month will be directed only to banks, Treasury spokeswoman Brookly McLaughlin confirmed that the law allows the department to create other rescue programs "open to a broader set of financial institutions." As the bill is written, "financial institutions" don't have to be banks or financial entities. In theory, any company could declare itself a financial institution and ask the Treasury Department to grant it temporary aid if its rescue is deemed "necessary to promote financial market stability." "Talk about the barn doors being left open - it's like they left off the walls and roof, too," said Bert Ely, an independent banking consultant. He suggested that under the bill, an airline could transfer future revenue streams into a subsidiary and ask the government to buy shares in that new "financial institution." Representatives of the auto, insurance and other industries are already seeking government help, indicating they think they qualify because of their financing units. Airlines and home builders are lobbying for government help to prop them up through the economic downturn - either under the bailout bill or some other legislation. And if insurance and auto lobbyists succeed in their efforts to tap the bailout money, experts said other industries will probably follow.

Note: For extensive coverage of continuing revelations about the Wall Street bailout, click here.


Congress Wants Details On Bailout Firms' Bonus Plans
2008-10-30, CNBC
http://www.cnbc.com/id/27423117

The hot-button issues of CEO pay and the Wall Street bailout may soon collide with the real world of Wall Street bonuses, taxpayer and shareholder anger over the financial crisis, and a Treasury secretary with deep roots on Wall Street. And that collision could be loud and ugly. Though what's commonly known as the Wall Street bailout package includes modest restrictions on CEO pay, it hardly prevents participating financial firms from paying bonuses to top executives and others. And in an environment of beaten-down stock prices, rising layoffs, recession and huge government bailouts, experts and legislators say big end-of-year bonuses will cause a firestorm of public outrage and likely provoke a Congressional backlash. "The corporate community doesn't seem to get it," says a seething Nell Minow, founder of the Corporate Library, which focuses on corporate governance issues. "If the corporate leaders don't come to the American people with some accountability, they are going to find themselves in a world of pain. Congress will set CEO pay." "People are going to be demanding that someone go to jail," say Rep. Peter DeFazio (D.-Ore), who says his constituents have applauded him for voting against the legislation. "It will require Democrats to revisit restrictions [on CEO pay]. " DeFazio says he would also recommend Congress "empower a division in the FBI and Justice Department to investigate the fraud and misdeeds that went on."

Note: For many revealing reports on the realities of the Wall Street bailout, click here.


BPA Ruling Flawed, Panel Says
2008-10-29, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/28/AR20081028034...

The Food and Drug Administration ignored scientific evidence and used flawed methods when it determined that a chemical widely used in baby bottles and in the lining of cans is not harmful, a scientific advisory panel has found. In a highly critical report ... the panel of scientists from government and academia said the FDA did not take into consideration scores of studies that have linked bisphenol A (BPA) to prostate cancer, diabetes and other health problems in animals when it completed a draft risk assessment of the chemical last month. The panel said the FDA didn't use enough infant formula samples and didn't adequately account for variations among the samples. Taking those studies into consideration, the panel concluded, the FDA's margin of safety is "inadequate". The panel is part of the Science Board, a committee of advisers to the FDA commissioner, and was set up to review the FDA's risk assessment of BPA. Many of the studies that the panel said the FDA ignored were reviewed by the National Toxicology Program, which concluded in September that it had "some concern" that BPA can affect brain and behavioral development in infants and small children. Officials at FDA, which regulates the chemical's use in plastic food containers, bottles, tableware and the plastic linings of food cans, accepted some of the criticism in the report. "FDA agrees that due to the uncertainties raised in some studies relating to the potential effects of low doses of bisphenol-A that additional research would be valuable," said spokeswoman Judy Leon. The agency has commissioned new research on BPA.

Note: For many important reports on health issues from reliable sources, click here.


Waxman Seeks Bank Data On Use of Bailout Funds
2008-10-29, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/28/AR20081028034...

Congressional investigators yesterday demanded that the nation's nine largest banks prove they are not using an emergency infusion of $125 billion in taxpayer funds to lavish their executives with wealthy bonuses. "I question the appropriateness of depleting the capital that taxpayers just injected into the banks through the payment of billions of dollars in bonuses, especially after one of the financial industry's worst years on record," [Rep. Henry A. Waxman (D-Calif.), chairman of the House Committee on Oversight and Government Reform,] wrote in a letter to the banks. Lawmakers across the political spectrum want to ensure that the government's bailout program results in increased lending, not bigger paydays for executives. But a new study suggests that financiers are still bullish about their bonuses. More than two-thirds of Wall Street professionals are expecting a bonus this year, and 36 percent are anticipating a larger bonus than last year, according to a survey by eFinancialCareers, a career networking company. "Some experts have suggested that a significant percentage of this compensation could come in year-end bonuses and that the size of the bonuses will be significantly enhanced as a result of the infusion of taxpayer funds," Waxman said. In his letter to the banks, Waxman asked them to provide detailed data on compensation packages since 2006, as well as the projected salaries and bonuses for the rest of the year. The request was sent to Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, J.P. Morgan Chase, Merrill Lynch, Morgan Stanley, State Street, and Wells Fargo.

Note: For extensive coverage of continuing revelations about the Wall Street bailout, click here.


Europe's secret plan to boost GM crop production
2008-10-26, The Independent (One of the U.K.'s leading newspapers)
http://www.independent.co.uk/environment/green-living/europes-secret-plan-to-...

Gordon Brown and other European leaders are secretly preparing an unprecedented campaign to spread GM crops and foods in Britain and throughout the continent, confidential documents obtained by The Independent on Sunday reveal. The documents –- minutes of a series of private meetings of representatives of 27 governments –- disclose plans to "speed up" the introduction of the modified crops and foods and to "deal with" public resistance to them. The secret meetings were convened by Jose Manuel Barroso, the pro-GM President of the Commission, and chaired by his head of cabinet, Joao Vale de Almeida. The prime ministers of each of the EU's 27 member states were asked to nominate a special representative. Neither the membership of the group, nor its objectives, nor the outcomes of its meetings have been made public. But The IoS has obtained confidential documents, including an attendance list and the conclusions of the two meetings held so far – on 17 July and just two weeks ago on 10 October – written by the chairman. The list shows that President Nicolas Sarkozy of France and Chancellor Angela Merkel of Germany sent close aides. Britain was represented by Sonia Phippard, director for food and farming at the Department of Environment, Food and Rural Affairs. The conclusions reveal the discussions were mainly preoccupied with how to speed up the introduction of GM crops and food and how to persuade the public to accept them. The documents also make clear that Mr Barroso is going beyond mere exhortation by trying to get prime ministers to overrule their own agriculture and environment ministers in favour of GM.

Note: For an excellent summary of the many health risks posed by genetically modified foods, click here.


Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

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