Media ArticlesExcerpts of Key Media Articles in Major Media
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.
“Chase recently received $25 billion in federal funding. What effect will that have on the business side and will it change our strategic lending policy?” It was Oct. 17, just four days after JPMorgan Chase’s chief executive, Jamie Dimon, agreed to take a $25 billion capital injection courtesy of the United States government, when a JPMorgan employee asked that question [during] an employee-only conference call. The JPMorgan executive who was moderating the employee conference call didn’t hesitate to answer. “What we ... think it will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way.” Read that answer as many times as you want — you are not going to find a single word in there about making loans to help the American economy. On the contrary: It is starting to appear as if one of Treasury’s key rationales for the recapitalization program — namely, that it will cause banks to start lending again — is a fig leaf, Treasury’s version of the weapons of mass destruction. In fact, Treasury wants banks to acquire each other and is using its power to inject capital to force a new and wrenching round of bank consolidation. Treasury would even funnel some of the bailout money to help banks buy other banks. And, in an almost unnoticed move, it recently put in place a new tax break, worth billions to the banking industry, that has only one purpose: to encourage bank mergers. As a tax expert, Robert Willens, put it: “It couldn’t be clearer if they had taken out an ad.”
Note: Was the real purpose of the "bailout" to strengthen the biggest banks by enabling them to gobble up the smaller ones at the public's expense? No wonder the legislation was rushed through without discussion! For lots more highly revealing reports on the Wall Street bailout, click here.
The Treasury Department is dramatically expanding the scope of its bailout of the financial system with a plan to take ownership stakes in the nation's insurance companies, signaling new concerns about a sector of the economy whose troubles until now have been overshadowed by the banking industry, government and industry sources said. Insurers, including The Hartford, Prudential and MetLife, have pushed the Bush administration to include them in the plan. Many firms have taken losses from mortgage-related securities and other investments and are struggling to replenish their coffers. The new initiative underscores the growing range of problems that Treasury is scrambling to address with the $700 billion allocated by Congress this month. The shape of the plan has changed repeatedly since Treasury Secretary Henry M. Paulson Jr. introduced it last month as an effort to rescue banks by buying their troubled mortgage-related assets. That original mandate has now been pushed aside by a plan to take equity stakes in banks and insurance companies, and other businesses are lobbying to be included. The government has been forced to expand the plan partly because the federal guarantees previously given some institutions, such as banks, have put other companies and financial sectors at a disadvantage, making them less attractive to uneasy investors. The cost of saving the country's largest insurer continues to rise. Senior managers at troubled insurance giant American International Group warned the Federal Reserve yesterday that the company would probably need more taxpayer money than the $123 billion in rescue loans the government has provided.
Note: For lots more highly revealing reports on the Wall Street bailout, click here.
The Air Force is investigating a top official in the Guantánamo war crimes trials following complaints that he inappropriately sought to influence the prosecution of cases. Defense lawyers and human rights groups have accused Air Force Brig. Gen. Thomas Hartmann, who supervised the prosecution of enemy combatants at Guantánamo Bay until he was reassigned last month, of lacking neutrality and pushing for premature prosecutions to rally public support for the tribunals. Air Force Maj. David Frakt, a military defense lawyer who has represented several Guantánamo detainees, said the probe was launched after he and others alerted authorities about possible ethical violations by Hartmann. Frakt said that he informed his superiors in July of concerns regarding Hartmann's "unprofessional conduct" and "lack of candor," and that the investigation could result in professional sanctions and might give some detainees grounds to challenge actions that Hartmann took in cases against them. Hartmann was removed as legal adviser for the Guantánamo trials in September. He continues to oversee the tribunals in his new post, but is not directly involved with prosecutors. Military judges have already barred him from participating in three Guantánamo trials, saying he lacked impartiality and aligned himself too closely with prosecutors. The investigation is proof that serious questions remain about the tribunals' fairness, said Jennifer Daskal, a lawyer for Human Rights Watch, which has lobbied on behalf of the detainees. "The Department of Defense has absolutely refused to clean house."
Note: For many disturbing reports on threats to civil liberties from major media sources, click here.
Despite the Wall Street meltdown, the nation's biggest banks are preparing to pay their workers as much as last year or more, including bonuses tied to personal and company performance. So far this year, nine of the largest U.S. banks, including some that have cut thousands of jobs, have seen total costs for salaries, benefits and bonuses grow by an average of 3 percent from a year ago, according to an Associated Press review. "Taxpayers have lost their life savings, and now they are being asked to bail out corporations," New York Attorney General Andrew Cuomo said of the AP findings. "It's adding insult to injury to continue to pay outsized bonuses and exorbitant compensation." That there is a rise in pay, or at least not a pronounced dropoff, from 2007 is surprising because many of the same companies were doing some of their best business ever, at least in the first half of last year. In 2008, each quarter has been weaker than the last. "There are, of course, expectations that the payouts should be going down," David Schmidt, a senior compensation consultant at James F. Reda & Associates. "But we haven't seen that show up yet." Some banks are setting aside large amounts. At Citigroup, which has cut 23,000 jobs this year amid the crisis, pay expenses for the first nine months of this year came to $25.9 billion, 4 percent more than the same period last year. Typically, about 60 percent of Wall Street pay goes to salary and benefits, while about 40 percent goes to end-of-the-year cash and stock bonuses that hinge on performance, both for the individual and the company.
Note: For lots more on the Wall Street bailout, click here.
Executives and employees at the major credit ratings agencies were often aware of problems in the AAA grades awarded to thousands of mortgage-related securities whose downgrades helped plunge the nation into a financial meltdown. The companies — Standard & Poor, Moody’s and Fitch, Inc. — made enormous profits as they evaluated a ballooning number of mortgage-backed bonds, many of which were given top marks as long as housing prices went up. “The story of the credit rating agencies is a story of colossal failure,” said Rep. Henry Waxman, chairman of the House Oversight and Government Reform Committee. The California Democrat said, “Millions of investors rely on them for independent, objective assessments. The rating agencies broke this bond of trust, and federal regulators ignored the warning signs and did nothing to protect the public. The result is that our entire financial system is now at risk.” The companies are important because their high assessments assured investors that their money should be safe. The inflated ratings awarded to securities backed up by subprime loans led investors to buy them in enormous numbers. But now, most of these securities have been downgraded and the market for them has largely evaporated, contributing to the current crisis. The panel also heard former ratings agency executives say there’s an inherent conflict of interest in the industry because they’re paid by bond issuers instead of investors who trust their ratings to make smart investments.
Note: For many reports on corporate corruption from reliable sources, click here.
Voting rolls, which are maintained by local election officials, are one of the weakest links in American democracy and problems are growing. Republicans have been pressing for sweeping voter purges in many states. They have also fought to make it harder to enroll new voters. Voting experts say there could be serious problems at the polls on Nov. 4. A number of states — including the battleground state of Florida — have adopted no match, no vote rules. Voters can be removed from the rolls if their names do not match a second list, such as a Social Security or driver’s license database. But (like the U.S. mail) lists of this kind are notoriously mistake-filled, and one typo can cause a no match. In Ohio, Republicans recently sued the secretary of state, demanding that she provide local officials with a dubious match list. As many as 200,000 new voters could have been blocked from casting ballots. The Supreme Court rejected the suit, but Republicans are still looking for ways to use the list on Election Day. For this election, voters need to be prepared to fight for their right to cast a ballot. They should try to confirm before Nov. 4 that they are on the rolls — something that in many states can be done on a secretary of state or board of elections Web site. If their state permits it, they should vote early. If voters find on Election Day that their names are not on the rolls, they should contact a voters’ rights group like Election Protection, at 1-866-OUR-VOTE.
Note: A recent report in Rolling Stone by Robert F. Kennedy Jr. and Greg Palast details many of these tactics to eliminate voters from the rolls. To watch a related video by Greg Palast click here. For many disturbing reports from major media sources on threats to free and fair elections in the US, click here. And for a powerful, five-minute video showing both the ways your vote can disappear and what you can do about it, click here.
Nat Rothschild, the financier at the centre of allegations that threaten to engulf the shadow Chancellor, George Osborne, is no stranger to laws which forbid politicians from accepting donations from abroad. Political donations from overseas are also illegal in the US, where John McCain's campaign team is under investigation for allegedly accepting a benefit in kind from two mega-rich British citizens, namely Nat Rothschild and his father, Jacob, the Fourth Baron Rothschild. In April, Mr McCain passed through London and spoke at a fund-raising dinner for expatriate Americans, where seats at the cheapest tables cost Ł500 a head. What caught the eye of Judicial Watch, a Washington-based foundation dedicated to combating corruption, was that the event was held "by kind permission of Lord Rothschild and Hon Nathaniel Rothschild" at the family home in Spencer House, St James's, the only privately owned 17th-century palace in central London. The Rothschild family and politics have been intertwined for generations, ever since Nathan Rothschild, who founded the English branch of the family business, financed Britain's war against Napoleon two centuries ago. Serena Rothschild, Nat Rothschild's mother, was one of the largest individual donors to the Conservative Party last year. She gave Ł190,000. She has also helped fund Mr Osborne's office. When another member of the clan, Sir Evelyn de Rothschild, married the New York businesswoman Lynn Forester, they spent the night of their wedding dinner in the White House as guests of Bill Clinton. Lady Rothschild was a fund-raiser for the Democrats. So it is nothing new for a Rothschild to be mixing with prominent politicians.
Note: For more on secrecy in high places, see the deeply revealing reports from reliable major media sources available here.
The latest request from the Pentagon jars the senses. They are looking for contractors to provide a "Multi-Robot Pursuit System" that will let packs of robots "search for and detect a non-cooperative human". Given that iRobot last year struck a deal with Taser International to mount stun weapons on its military robots, how long before we see packs of droids hunting down pesky demonstrators with paralysing weapons? Or could the packs even be lethally armed? Steve Wright of Leeds Metropolitan University is an expert on police and military technologies. "The giveaway here is the phrase 'a non-cooperative human subject'," he told me: "What we have here are the beginnings of something designed to enable robots to hunt down humans like a pack of dogs. Once the software is perfected we can reasonably anticipate that they will become autonomous and become armed. We can also expect such systems to be equipped with human detection and tracking devices including sensors which detect human breath and the radio waves associated with a human heart beat. These are technologies already developed." Noel Sharkey, an AI and robotics engineer at the University of Sheffield, says "This is a clear step towards one of the main goals of the US Army's Future Combat Systems project, which aims to make a single soldier the nexus for a large scale robot attack. Independently, ground and aerial robots have been tested together and once the bits are joined, there will be a robot force under command of a single soldier with potentially dire consequences for innocents around the corner."
Note: For many revealing reports of new weaponry technologies in the planning and development stages, click here.
Economic inequality is growing in the world's richest countries, particularly in the United States. The gap between rich and poor has widened over the last 20 years in nearly all the countries studied, even as trade and technological advances have spurred rapid growth in their economies. With job losses and home foreclosures skyrocketing and many of these countries now facing recession, policymakers must act quickly ... the Organization for Economic Cooperation and Development said. "What will happen if the next decade is not one of world growth but of world recession? If a rising tide didn't lift all boats, how will they be affected by an ebbing tide?" Oxford University economist Anthony Atkinson said at a conference at the organization's Paris headquarters. In a 20-year study of its member countries, the group found inequality had increased in 27 of its 30 members as top earners' incomes soared while others' stagnated. The United States has the highest inequality and poverty rates in the organization after Mexico and Turkey, and the gap has increased rapidly since 2000, the report said. France, meanwhile, has seen inequalities fall in the past 20 years as poorer workers are better paid. Rising inequality threatens social mobility ... which is lower in countries like the United States, Great Britain and Italy, where inequality is high, than countries with less inequality such as Denmark, Sweden and Australia, the report said. Wealthy households are not only widening the gap with the poor, but in countries such as the United States, Canada and Germany, they are also leaving middle-income earners further behind.
Note: For more reports from reliable sources on increasing income inequality, click here.
Ask nearly any physicist if it’s possible for a hydrogen atom to enter a lower energy state than the ground, or resting, state they hold in nature, and you’re likely to get an unequivocal “no”. But a tiny company in New Jersey called Blacklight Power has been disputing that assumption for over a decade, and of late, making gad-fly claims that its founder says will overturn the accepted scientific order. Blacklight’s claims have a special significance: If they’re true, there’s a source of cheap, clean energy that can be easily tapped anywhere in the world. Blacklight is now saying that it has physical proof of its energy generator, verified by an independent university lab. Its “hydrino” theory isn’t put forth by a single crackpot; instead, the company employs a good handful of high-level scientists who would presumably rebel if the idea was totally false. It has also taken over $60 million in venture funding. Despite a hearty rejection by the scientific mainstream, and being ignored for years on end, its founder, Randell Mills, has plugged on. Now an engineering team at Rowan University ...has come forward with results from its own tests of the Blacklight process. Tests conducted in sealed chambers, and measured with a device called a calorimeter, show a heat reaction from a substance provided by Blacklight far beyond anything anticipated. “We’ve been able to regularly reproduce these results and we believe any research lab could do the same,” Peter Jansson, the faculty member heading the experiments, [said].
Note: For several videos demonstrating this amazing new energy source, click here. For reports from professors and engineers who have validated this exciting technology, click here.
BlackLight Power, the company that has pulled in $60 million for its seemingly physics-defying fuel cell, is back with an announcement about an independent validation of its technology. A team of engineers, headed by Dr. Peter Jansson at Rowan University, have tested BlackLight’s prototypes and found that the devices perform as BlackLight claims, ambiguously concluding that “there is a novel reaction of some type causing the large exotherm which is consistently produced.” To translate: There’s definitely lots of energy being produced. They’re just not sure why. BlackLight says its technology can push an electron closer to the nucleus by way of a catalytic reaction, resulting in a huge amount of clean energy. The company describes the reaction as “somewhere between a nuclear and a chemical reaction,” but without any of the messy fallout. The team at Rowan tested BlackLight’s 1,000- and 50,000-watt reactors over three months and were able to replicate BlackLight’s energy claims, saying that the energy produced “cannot be explained by other known sources like combustion or nuclear energy.” The company says a complete verification of the whole process will likely happen within a year. BlackLight tells us it is now in the process of licensing its technology to power producers. The company says it has enough capital to get through commercialization and plans to have its reactors in a power plant in the next two years.
Note: For several videos demonstrating this amazing new energy source, click here. For reports from professors and engineers who have validated this exciting technology, click here.
Secretary Paulson [has been] described as playing the role of the Godfather, making the banks [a bailout] offer they could not refuse. But in one important respect, he was more Santa Claus than Vito Corleone: the agreement allowed the banks to continue paying dividends to common shareholders. These dividends, if they are paid at current levels, will redirect more than $25 billion of the $125 billion to shareholders in the next year alone. A significant fraction of [the bailout] money will wind up in shareholders’ pockets — and thus be unavailable to plug the large capital hole on the banks’ balance sheets. The officers and directors of the nine banks will be among the leading beneficiaries of the dividend payout. Their personal take of the dividends will amount to approximately $250 million in the first year. Why would the banks want to maintain large dividend payouts when they’ve had such a hard time borrowing, are starved of cash, and the credit markets believe that they run a significant risk of defaulting? Shouldn’t these distressed banks be marshalling all of the financial resources available to them to ensure their viability? Here’s why: Each dollar paid out as a dividend today is a dollar that cannot be seized by creditors in the event of bankruptcy. For a distressed company, dividends are not in the interest of the enterprise as a whole (shareholders and lenders taken together), but only in the interest of shareholders. They are an attempt by shareholders to beat creditors out the door. The government should close the door by putting an immediate stop to the dividend payouts of any banks receiving direct federal support.
Note: Is the fox guarding the hen house? For many revealing, reliable reports on the banking bailout, click here.
Sorry to pop your bubble folks, but it no longer matters who's president. Why? The real "game changer" already happened. Democracy has been replaced by Wall Street's new "disaster capitalism." That's the big game-changer historians will remember about 2008, masterminded by Wall Street's ultimate "Trojan Horse," Hank Paulson. Congress simply handed over voting power and the keys to trillions in the Treasury to Wall Street's new "Disaster Capitalists" who now control "democracy." We let it happen. In one generation America has been transformed from a democracy into a strange new form of government, "Disaster Capitalism." Three decades of influence peddling in Washington ... accelerated under Reaganomics and went into hyperspeed under Bushonomics, both totally committed to a new disaster capitalism run privately by Wall Street and Corporate America. No-bid contracts in wars and hurricanes. A housing-credit bubble -- while secretly planning for a meltdown. Finally, the coup de grace: Along came the housing-credit crisis, as planned. Press and public saw a negative, a crisis. Disaster capitalists saw a huge opportunity. Yes, opportunity for big bucks and control of America. This end game was planned for years in secret war rooms on Wall Street, in Corporate America, in Washington and the Forbes 400. Naomi Klein summarizes the game in Shock Doctrine: the Rise of Disaster Capitalism. This "new economy" generates enormous profits feeding off other peoples' misery: Wars, terror attacks, natural catastrophes, poverty, trade sanctions, subprime housing meltdowns and all kinds of economic, financial and political disasters.
Note: The author of this highly critical commentary, Paul B. Farrell, is a well-known writer on finance and investment and a long-time columnist at The Wall Street Journal's sister-site MarketWatch.
In a step that could accelerate a shakeout of the nation’s banks, the Treasury Department hopes to spur a new round of mergers by steering some of the money in its $250 billion rescue package to banks that are willing to buy weaker rivals, according to government officials. As the Treasury embarks on its unprecedented recapitalization, it is becoming clear that the government wants not only to stabilize the industry, but also to reshape it. Two senior officials said the selection criteria would include banks that need more capital to finance acquisitions. “Treasury doesn’t want to prop up weak banks,” said an official who spoke on condition of anonymity, because of the sensitivity of the matter. “One purpose of this plan is to drive consolidation.” With bankers traumatized by the credit crisis and the loss of investor confidence, officials said, there are plenty of banks open to selling themselves. The hurdle is a lack of well-capitalized buyers. Stable national players like Bank of America, JPMorgan Chase, and Wells Fargo are already digesting acquisitions. A second group of so-called super-regional banks are well positioned to take over their competitors, officials said, but have been reluctant to undertake or unable to complete deals. By offering capital at a favorable rate, the government may encourage them to expand.
Note: So the U.S. government is using billions of taxpayer dollars to support megamergers which create less competition and more monopolistic conditions. Hmmmm. Is that what the taxpayers really want? For lots more highly revealing reports on the Wall Street bailout, click here.
Nick Pope worked for Britain's ministry of defense - his job to investigate UFOs sightings. There are some cases, ... about 5 percent, that can't be explained. They are genuine unknowns. 11,000 UFO sightings have been reported in Britian since 1959. Only now are the details being revealed. Lieutenant Milton Torres was ordered to keep silent about what happened. [On] May 20, 1957, he scrambled his sabre jet from a base in England with orders to arm all weapons and fire on sight. Before he could fire, the erratic bright blip on his radar simply disappeared. Any day now, the most contentious file of them all will be opened, the file on Rendlesham Forest, Britain's equivalent of Roswell. POPE: "I have no explanation for the Rendlesham Forest incident." It was Christmas night 1980. Guards at two US Air Force bases in eastern England thought they saw a plane crash in these woods. They investigated and reported a strange glowing object, metallic in appearance. It illuminated the entire forest. The object was hovering or on legs. Two nights later the lights returned. Lt. Col. Charles Halt recorded this as he walked through the dark forest: "Weird. It is coming this way. It is definitely coming this way. This is wierd. There's something very, very strange." Halt's men recorded high radiation levels here at the alleged landing site. The official agenda is ... that gradual disclosure has to be the way. When we're deemed ready to handle the unsettling truth of aliens among us, then all will be revealed.
Note: Don't miss this fascinating five-minute video clip at the link above. To see the video without commercials, click here. For an excellent website on the Rendlesham Forest incident, click here.
The order came straight out of the Cold War manual: "Arm all weapons and fire on sight." For Lieutenant Milton Torres, an American jet fighter pilot based in Britain, it was the first and last time that he had received such a chilling instruction. As soon as he scrambled his Sabre jet from RAF Manston in Kent and headed eastwards, he saw the blip on his radar, indicating the presence of an aircraft the size of a B52 about 15 miles away, and he prepared to close in for the kill with a salvo of rockets. But the "aircraft", judged to be hostile and probably Russian, simply vanished. The blip on the radar disappeared. The 24-year-old American pilot's extraordinary experience on the night of May 20, 1957, which he was officially ordered never to reveal to anyone, has come to light after the declassification of another batch of Ministry of Defence files relating to reported incidents of unidentified flying objects appearing in British airspace – in this case the only known example of a jet fighter pilot being ordered to shoot down a UFO. Mr Torres, now 77 and a retired professor of civil engineering living in Miami, told The Times that the day after he was scrambled from RAF Manston he received a visit from an American in a trenchcoat who waved a National Security Agency identity card at him and warned him that, if he ever revealed what had happened, he would never fly again. He took the warning to heart and said nothing until 1988 when, through a solicitor with an interest in ufology, he sent the Ministry of Defence a report giving a full account of the incident. Today his narrative is released by the National Archives.
Note: For a highly revealing summary of key evidence for UFOs presented by respected military and government officials, click here.
Sen. Joe Biden, D-Del., on Sunday guaranteed that if elected, Sen. Barack Obama., D-Ill., will be tested by an international crisis within his first six months in power and he will need supporters to stand by him as he makes tough, and possibly unpopular, decisions. "Mark my words," the Democratic vice presidential nominee warned at the second of his two Seattle fundraisers. "Remember I said it standing here if you don't remember anything else I said. Watch, we're gonna have an international crisis, a generated crisis, to test the mettle of this guy. And he's gonna need help. He's gonna need you ... to use your influence, your influence within the community, to stand with him. Because it's not gonna be apparent initially ... that we're right. Gird your loins," Biden told the crowd. "We're gonna win, but this is not gonna be an easy ride. The next president is gonna be left with the most significant task. It's like cleaning the Augean stables, man. He's gonna need your help. Because I promise you, you all are gonna be sitting here a year from now going, 'Oh my God, why are they there in the polls? Why is the polling so down? Why is this thing so tough?' We're gonna have to make some incredibly tough decisions in the first two years. So I'm asking you now ... [to] be prepared to stick with us. There are gonna be a lot of you who want to go, 'Whoa, wait a minute, yo, whoa, whoa, I don't know about that decision'," Biden continued. "Because if you think the decision is sound when they're made, which I believe you will, they're not likely to be as popular as they are sound. Because if they're popular, they're probably not sound."
Note: This remarkable warning from Joe Biden of a near-term "generated crisis" is notable as well for its anti-democratic sentiments. Gen. Colin Powell, in endorsing Barack Obama for president on "Meet the Press" on Oct. 19 (the same day as Biden's speech), also said "there's going to be a crisis come along [on] the 21st or 22nd of January that we don't even know about right now." Beyond the timing, what do these key insiders know that the public doesn't? And what country has the demonstrated capability to "generate" a crisis at will?
Climate change is happening much faster than the world's best scientists predicted and will wreak havoc unless action is taken on a global scale, a new report warns. 'Extreme weather events' such as the hot summer of 2003, which caused an extra 35,000 deaths across southern Europe from heat stress and poor air quality, will happen more frequently. Britain and the North Sea area will be hit more often by violent cyclones and the predicted rise in sea level will double to more than a metre, putting vast coastal areas at risk from flooding. The bleak report from WWF -- formerly the World Wildlife Fund -- also predicts crops failures and the collapse of ecosystems on both land and sea. And it calls on the EU to set an example to the rest of the world by agreeing a package of challenging targets for cutting greenhouse gas emissions to tackle the consequences of climate change and to keep any increase in global temperatures below 2C. The agency says that the 2007 report from the Intergovernmental Panel on Climate Change (IPCC) ... is now out of date. WWF's report, Climate Change: Faster, stronger, sooner, has updated all the scientific data and concluded that global warming is accelerating far beyond the IPCC's forecasts. As an example it says the first 'tipping point' may have already been reached in the Arctic, where sea ice is disappearing up to 30 years ahead of IPCC predictions and may be gone completely within five years - something that hasn't occurred for a million years. It could result in rapid and abrupt climate change rather than the gradual changes forecast by the IPCC.
Note: For lots more on global warming from major media sources, click here.
Interpol is planning to expand its role into the mass screening of passengers moving around the world by creating a face recognition database. Every year more than 800 million international travellers fail to undergo "the most basic scrutiny" to check whether their identity documents have been stolen, the global policing cooperation body has warned. Senior figures want a system that lets immigration officials capture digital images of passengers and immediately cross-check them against a database of pictures of [alleged] terror suspects, international criminals and fugitives. The UK's first automated face recognition gates -- matching passengers to their digital image in the latest generation of passports -- began operating at Manchester airport in August. Mark Branchflower, head of Interpol's fingerprint unit, will this week unveil proposals in London for the creation of biometric identification systems that could be linked to such immigration checks. The civil liberties group No2ID, which campaigns against identity cards, expressed alarm at the plans. "This is a move away from seeking specific persons to GCHQ-style bulk interception of information," warned spokesman Michael Parker. "This is the next step. Law enforcement agencies want the most efficient systems but there has to be a balance between security and privacy."
Note: For many disturbing reports on increasing threats to privacy, click here.
The Federal Bureau of Investigation is struggling to find enough agents and resources to investigate criminal wrongdoing tied to the country’s economic crisis, according to current and former bureau officials. The bureau slashed its criminal investigative work force to expand its national security role after the Sept. 11 attacks, shifting more than 1,800 agents, or nearly one-third of all agents in criminal programs, to terrorism and intelligence duties. The cutbacks have left the bureau seriously exposed in investigating areas like white-collar crime, which has taken on urgent importance in recent weeks because of the nation’s economic woes. So depleted are the ranks of the F.B.I.’s white-collar investigators that executives in the private sector say they have had difficulty attracting the bureau’s attention in cases involving possible frauds of millions of dollars. Since 2004, F.B.I. officials have warned that mortgage fraud posed a looming threat, and the bureau has repeatedly asked the Bush administration for more money to replenish the ranks of agents handling nonterrorism investigations. But each year, the requests have been denied, with no new agents approved for financial crimes, as policy makers focused on counterterrorism. According to previously undisclosed internal F.B.I. data, the cutbacks have been particularly severe in staffing for investigations into white-collar crimes like mortgage fraud, with a loss of 625 agents, or 36 percent of its 2001 levels.
Note: How fortunate for the financial fraudsters that the FBI doesn't have the resources to investigate them! Was it just a coincidence that first the "war on terror" and then the Wall Street bailout both have resulted in trillions of dollars going to a few well-positioned corporations? For more on government corruption from reliable sources, 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.