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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.


Justices Rule Terror Suspects Can Appeal in Civilian Courts
2008-06-13, New York Times
http://www.nytimes.com/2008/06/13/washington/13scotus.html?partner=rssuserlan...

The Supreme Court ... delivered its third consecutive rebuff to the Bush administration’s handling of the detainees at Guantánamo Bay, ruling 5 to 4 that the prisoners there have a constitutional right to go to federal court to challenge their continued detention. The court declared unconstitutional a provision of the Military Commissions Act of 2006 that ... stripped the federal courts of jurisdiction to hear habeas corpus petitions from the detainees seeking to challenge their designation as enemy combatants. Writing for the majority, Justice Anthony M. Kennedy said the truncated review procedure provided by a previous law, the Detainee Treatment Act of 2005, “falls short of being a constitutionally adequate substitute” because it failed to offer “the fundamental procedural protections of habeas corpus.” Justice Kennedy declared: “The laws and Constitution are designed to survive, and remain in force, in extraordinary times.” The decision, which was joined by Justices John Paul Stevens, David H. Souter, Ruth Bader Ginsburg, and Stephen G. Breyer, was categorical in its rejection of the administration’s basic arguments. Indeed, the court repudiated the fundamental legal basis for the administration’s strategy, adopted in the immediate aftermath of the attacks of Sept. 11, 2001, of housing prisoners captured in Afghanistan and elsewhere at the United States naval base in Cuba, where Justice Department lawyers advised the White House that domestic law would never reach.

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


Detainees Now Have Access to Federal Court
2008-06-13, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/12/AR20080612042...

Defense attorneys for the 270 detainees at Guantanamo Bay said the Supreme Court decision yesterday that granted detainees habeas corpus rights was a watershed moment that will allow the men, some held for as long as 6 1/2 years, to challenge their detentions before a civilian judge. The court's ruling immediately gives the detainees access to a federal court in Washington, where lawyers will seek to have judges order the men released from indefinite detention. Legal experts said it is unclear how the hearings will proceed, but the government could be compelled to present highly classified evidence, and detainees could for the first time be able to publicly call witnesses, present evidence of abuse and rebut terrorism allegations. The decision could force the U.S. government to show why individual detainees must be held, something U.S. officials have fought for years. As many as 130 detainees have been deemed dangerous but are unlikely to ever face criminal charges, according to prosecutors, and now government officials could have to argue for indefinite detention even if the evidence is flimsy or nonexistent. "We're going to see a high number of people the government is going to have to release," said Michael Ratner, president of the Center for Constitutional Rights, which has represented Guantanamo Bay detainees since 2002. It is unclear how the Boumediene v. Bush decision will affect military commissions trials at Guantanamo Bay, Cuba, where 20 detainees, including ... Khalid Sheik Mohammed, have been charged with war crimes.


Extinct Tree From Christ's Time Rises From the Dead
2008-06-12, Live Science
https://www.livescience.com/2602-extinct-tree-christ-time-rises-dead.html

Scientists have grown a tree from what may be the oldest seed ever germinated. The new sapling was sprouted from a 2,000-year-old date palm excavated in Masada, the site of a cliff-side fortress in Israel where ancient Jews are said to have killed themselves to avoid capture by Roman invaders. Dubbed the "Methuselah Tree" after the oldest person in the Bible, the new plant has been growing steadily, and after 26 months, the tree was nearly four-feet (1.2 meters) tall. The species of tree, called the Judean date, (Phoenix dactylifera L.), is now extinct in Israel, but researchers are hoping that by reviving the plant they may be able to study its medicinal uses. "The medicinal plants from this region are very important because they are historically mentioned in the Bible and the Koran," said Sarah Sallon, director of the Louis L. Borick Natural Medicine Research Center at the Hadassah Medical Organization in Jerusalem, which initiated the experiment to grow the tree as part of its Middle East Medicinal Plant Project. Carbon dating of the seeds found at Masada revealed that they date from roughly the time of the ancient fortress' siege, in A.D. 73. The seeds were found in storage rooms, and appear to have been stockpiled for the Jews hiding out against the invading Romans. The seeds were excavated about 40 years ago, along with skeletons of those who died during the siege. Since then, the seeds had been languishing in a drawer until Sallon and her team decided to attempt to grow them anew.

Note: Watch a fascinating 8-minute video of this miraculous occurrence and the small forest of these trees that has since grown. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Chemical Law Has Global Impact
2008-06-12, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/11/AR20080611035...

Europe this month rolled out new restrictions on makers of chemicals linked to cancer and other health problems, changes that are forcing U.S. industries to find new ways to produce a wide range of everyday products. The new laws in the European Union require companies to demonstrate that a chemical is safe before it enters commerce -- the opposite of policies in the United States, where regulators must prove that a chemical is harmful before it can be restricted or removed from the market. The changes come at a time when consumers are increasingly worried about the long-term consequences of chemical exposure and are agitating for more aggressive regulation. The European Union's tough stance on chemical regulation is the latest area in which the Europeans are reshaping business practices with demands that American companies either comply or lose access to a market of 27 countries and nearly 500 million people. From its crackdown on antitrust practices in the computer industry to its rigorous protection of consumer privacy, the European Union has adopted a regulatory philosophy that emphasizes the consumer. "There's a strong sense in Europe and the world at large that America is letting the market have a free ride," said Sheila Jasanoff, professor of science and technology studies at Harvard University's John F. Kennedy School of Government. "The Europeans believe . . . that being a good global citizen in an era of sustainability means you don't just charge ahead and destroy the planet without concern for what you're doing."

Note: For lots more on health issues from reliable, verifiable sources, click here.


New Criminal Record: 7.2 Million
2008-06-12, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/11/AR20080611034...

The number of people under supervision in the nation's criminal justice system rose to 7.2 million in 2006, the highest ever, costing states tens of billions of dollars to house and monitor offenders as they go in and out of jails and prisons. According to a recently released report released by the Bureau of Justice Statistics, more than 2 million offenders were either in jail or prison in 2006, the most recent year studied in an annual survey. Another 4.2 million were on probation, and nearly 800,000 were on parole. The cost to taxpayers, about $45 billion, is causing states such as California to reconsider harsh criminal penalties. In an attempt to relieve overcrowding, California is now exporting some of its 170,000 inmates to privately run corrections facilities as far away as Tennessee. "There are a number of states that have talked about an early release of prisoners deemed non-threatening," said Rebecca Blank, a senior fellow in economic studies at the Brookings Institution. "The problem just keeps getting bigger and bigger. You're paying a lot of money here. You have to ask if some of these high mandatory minimum sentences make sense." The bureau's report comes on the heels of a Pew Center on the States report showing 1 percent of U.S. adults behind bars, a historic high. The United States has the largest number of people behind bars in the world, according to the Pew report. Black men, about one in 15, were most affected, and Hispanics, one in 35, were well represented among offenders. The number of women in prison "rose faster in 2006 than over the previous five years."


FEMA gives away $85 million of supplies for Katrina victims
2008-06-11, CNN
http://edition.cnn.com/2008/US/06/11/fema.giveaway/

FEMA gave away about $85 million in household goods meant for Hurricane Katrina victims, a CNN investigation has found. These items, stored by FEMA, were meant for Katrina victims but were given to state and federal agencies. The material, from basic kitchen goods to sleeping necessities, sat in warehouses for two years before the Federal Emergency Management Agency's giveaway to federal and state agencies this year. James McIntyre, FEMA's acting press secretary, said that FEMA was spending more than $1 million a year to store the material and that another agency wanted the warehouses torn down, so "we needed to vacate them." Photos from one of the facilities in Fort Worth, Texas, show pallet after pallet of cots, cleansers, first-aid kits, coffee makers, camp stoves and other items stacked to the ceiling. And even though the stocks were offered to state agencies after FEMA decided to get rid of them, one of the states that passed was Louisiana. Martha Kegel, the head of a New Orleans nonprofit agency that helps find homes for those still displaced by the storm, said she was shocked to learn about the existence of the goods and the government giveaway. "These are exactly the items that we are desperately seeking donations of right now: basic kitchen household supplies," said Kegel, executive director of Unity of Greater New Orleans. "FEMA, in fact, refers homeless clients to us to house them. How can we house them if we don't have basic supplies?"

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


Thousands who earn $200,000+ avoid income tax
2008-06-11, USA Today
http://www.usatoday.com/money/perfi/taxes/2008-06-11-taxes_N.htm

New IRS statistics show 7,389 federal tax returns with $200,000 or more in adjusted gross income reported no federal income taxes in 2005. That's a 161% jump from the 2,833 comparable returns filed in 2004. Additionally, 4,224 of the over-$200,000 earners reported no worldwide income tax liability on their 2005 returns. That represents a 75% increase from the 2,420 comparable returns filed in 2004. The data ... show a rising number of high-income earners have avoided the alternative minimum tax, which was intended to ensure that tax shelters, deductions and loopholes wouldn't exempt wealthy Americans from paying at least some federal income tax. The increases stem in part from two tax law changes. Responding to Hurricane Katrina, Washington exempted charitable contributions between Aug. 27, 2005, and Jan. 1, 2006, from the overall limit on itemized tax deductions and the 50% of adjusted gross income limit for such giving. [But] the one-time change wasn't limited to hurricane-related contributions. [And] under the American Jobs Creation Act of 2004, Washington also allowed taxpayers to eliminate up to 100% of their alternative minimum tax liability by using credits for any foreign taxes paid. In 2004, IRS data show [high-income earners] reported $16.6 million in foreign tax credits. The following year, the total credits claimed soared to $447.3 million. "My sense of it is that the people who introduce these provisions know exactly who is going to benefit," [said Howard Gleckman, a senior research associate and tax blog editor at The Tax Policy Center].

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


BBC uncovers lost Iraq billions
2008-06-10, BBC News
http://news.bbc.co.uk/2/hi/middle_east/7444083.stm

A BBC investigation estimates that around $23bn (Ł11.75bn) may have been lost, stolen or just not properly accounted for in Iraq. The BBC's Panorama programme has used US and Iraqi government sources to research how much some private contractors have profited from the conflict and rebuilding. A US gagging order is preventing discussion of the allegations. The order applies to 70 court cases against some of the top US companies. While President George W Bush remains in the White House, it is unlikely the gagging orders will be lifted. To date, no major US contractor faces trial for fraud or mismanagement in Iraq. Henry Waxman, who chairs the House committee on oversight and government reform, said: "It may well turn out to be the largest war profiteering in history." In the run-up to the invasion, one of the most senior officials in charge of procurement in the Pentagon objected to a contract potentially worth $7bn that was given to Halliburton, a Texan company which used to be run by Dick Cheney before he became vice-president. Only Halliburton got to bid. The search for the missing billions also led ... to a house in ... west London where Hazem Shalaan lived until he was appointed to the new Iraqi government as minister of defence in 2004. He and his associates siphoned an estimated $1.2bn out of the ministry. They bought old military equipment from Poland but claimed for top-class weapons. Meanwhile they diverted money into their own accounts. Judge Radhi al-Radhi of Iraq's Commission for Public Integrity investigated. He said: "I believe these people are criminals."

Note: For many other reports on war profiteering, click here.


Taser Suffers a Rare Loss in Court
2008-06-10, New York Times blog
http://thelede.blogs.nytimes.com/2008/06/10/taser-suffers-a-rare-loss-in-court/

Despite a steady stream of negative news coverage, Taser International’s business has sailed above it all, rolling with the punches before coming out on top of a growing industry. Perhaps most importantly, the company has been remarkably successful inside the courtroom. With 69 straight trial victories, according to one count, Taser had assembled a nearly unmatchable record — 3 more wins than this year’s much-vaunted Boston Celtics, with none of the embarrassing losses. None until [Friday, June 4], that is, when an unfavorable verdict represented the first chink in the taser-proof body armor. From The Herald of Monterey County, Calif., the local paper on the case: A federal jury has held Taser International responsible for the death of a Salinas man in U.S. District Court in San Jose ... and awarded his family more than $6 million in punitive and compensatory damages. An attorney for the family called the verdict a "landmark decision," and indicated that it was the first time Taser International had been held responsible for a death or injury linked to its product. During trading on Monday, the company’s stock dropped almost 12 percent. "Investors will assume heightened operating risk in the Taser model in the short-term," one analyst told Barron’s. Bloomberg News reported last month that more than half of Taser’s top 10 shareholders sold some of their shares this year.

Note: Do a search in Google News and you will find that no major media outlets reported that Taser International had 69 straight victories with no losses in the courts till now. Even the above was in a NY Times blog and not in the paper. How interesting that they don't seem to want us to know this.


Taming the Gas-Hogging SUV
2008-06-09, ABC News
http://abcnews.go.com/Technology/GlobalWarming/story?id=5028894

Johnathan Goodwin walks to the back of his auto conversion shop in Wichita, Kan., and lifts up a gas nozzle connected to a huge cube-shaped container. The orange stuff he's pumping is the key to his company's mission: converting the worst gas-gulping SUVs into cleaner, meaner machines. "This is 100 percent canola oil, refined to biodiesel," Goodwin said. His well-maintained shop is a bit like a showroom for that much-maligned symbol of environmental ruin: the Hummer. The silver H-1 – which Goodwin says gets 60 miles per gallon – has already been modified to run on biodiesel, diesel, vegetable oil, gasoline, ethanol, hydrogen, natural gas and propane. On a standard gasoline-to-biodiesel conversion, Goodwin starts by taking a new nine-mile-per-gallon Hummer and removing the original gas engine. In goes an off-the-shelf GM Duramax engine that runs on diesel fuel. A few extra modifications and a tank full of biodiesel later, the Hummer – now boasting 500 horsepower and getting about 20 miles per gallon – is ready for the road. He offers a couple of lower-cost options, including a fuel vaporizer for $1,000 that he says boosts fuel economy by 30 percent, and a $500 software download that reprograms diesel engines to get up to an additional seven miles per gallon. His work has many wondering why the big automakers can't simply reconfigure their assembly lines to make their own cars run as efficiently as Goodwin does. "I don't know why GM hasn't done it," says Goodwin. "But I can tell you that all the parts that I use for the conversion – 95 percent – are all GM parts. I'm not reinventing anything."

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Capitol Chaos
2008-06-08, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/06/06/INFS114789.DTL

[California] Assemblywoman Mary Hayashi had no intention of voting for AB2818, a bill that the Castro Valley Democrat feared could undermine its stated goal of protecting affordable housing. But on May 28, she nearly approved it - without her knowledge, and without her presence on the Assembly floor. As the roll call began, Hayashi was engaged in a budget subcommittee meeting on the Capitol's fourth floor. Suddenly, two floors below, the light next to her name on the big electronic voting board in the Assembly chamber turned green, a "yes" vote. Seconds later, it turned red. Then green. Red. Green. Finally, after 22 seconds of alternating colors, the space next to Hayashi's name went blank. While there are conflicting accounts of exactly what caused this dizzying sequence, this much is clear: Two people had their hands on Hayashi's voting switches during the roll call on AB2818 - and one was acting against her will. "Ghost voting" was not the only disturbing episode as the Assembly took up 316 bills in the three days leading up to the deadline for measures to pass their house of origin. In the frenzied treadmill, there was little or no debate on most matters, important bills died when legislators failed to vote, and votes were being cast for members without their express consent. In the Hayashi case, eyewitnesses said her initial "yes" vote was cast by Assemblyman Kevin de León, D-Los Angeles, an assistant majority floor leader who colleagues said had taken the liberty of voting for other missing members as bills were being rushed to beat the deadline. "I don't recall it, but I don't deny it either," de León said.

Note: For lots more on problems with voting systems, click here.


5 electric cars you can buy now
2008-06-08, CNN Money
http://money.cnn.com/galleries/2008/autos/0806/gallery.electric_cars_now/inde...

The Tesla Roadster, which recently entered production, is probably the best known electric car in America. The company's president has called it "the only production electric car for sale in the United States." There are several other electric car companies that would differ with him on that point, but those other vehicles are either limited to speeds below 25 miles per hour or have fewer than four wheels, making their status as "cars" somewhat debatable. With a full set of wheels and a claimed top speed of 125 mph, there's no question this two-seat convertible is a real car. Tesla also boasts an amazing 220-mile range on a full charge as measured in EPA fuel economy tests. Meanwhile, the charging time claimed by Tesla is less than half that of other electric vehicles, thanks to advanced lithium-ion batteries -- which do account for much of the car's high cost. But even gasoline-powered two-seat soft-tops are luxury toys, not daily drivers. Tesla promises it is working hard on a more moderately priced four-door model for driving's other half. The GEM car, from Chrysler's Global Electric Motorcars division, is more typical of what's available to today's average consumer. It's a small, lightweight vehicle that can go up to 25 mph. It can go just a little faster on a downhill grade, but the electric motor automatically steps in to slow it down. The 25 mph top speed is a matter of law, not engineering. "Low Speed Vehicles" (LSVs) like the GEM don't have to meet the same safety requirements as faster cars. But 25 mph is still adequate for many daily commutes and around-the-town errands.

Note: For many exciting reports on new automotive and energy developments, click here.


Lawmakers Urge Special Counsel Probe of Harsh Interrogation Tactics
2008-06-08, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/07/AR20080607011...

Nearly 60 House Democrats yesterday urged the Justice Department to appoint a special counsel to examine whether top Bush administration officials may have committed crimes in authorizing the use of harsh interrogation tactics against suspected terrorists. In a letter to Attorney General Michael B. Mukasey, the lawmakers cited what they said is "mounting evidence" that senior officials personally sanctioned the use of waterboarding and other aggressive tactics against detainees in U.S.-run prisons overseas. An independent investigation is needed to determine whether such actions violated U.S or international law, the letter stated. "This information indicates that the Bush administration may have systematically implemented, from the top down, detainee interrogation policies that constitute torture or otherwise violate the law," it said. The letter was signed by 56 House Democrats, including House Judiciary Committee Chairman John Conyers Jr. (D-Mich.) and House Intelligence Committee members Jan Schakowsky (D-Ill.) and Jerrold Nadler (D-N.Y). The request was prompted in part by new disclosures of high-level discussions within the Bush administration that reportedly focused on specific interrogation practices. Some of the new detail was contained in a report last month by the Justice Department's inspector general, which described a series of White House meetings in which the controversial tactics were vigorously debated. Conyers, whose committee already is looking into the role played by administration lawyers in authorizing aggressive measures, said a broader probe is now needed.


The truth is out there
2008-06-07, Financial Times
http://www.ft.com/cms/s/0/8d66e778-3128-11dd-ab22-000077b07658.html

When Cynthia McKinney speaks the words of Martin Luther King Jr, they resound through the church with some of King�s cadence. �A time comes,� declares the former US congresswoman from Georgia, �when silence is betrayal.� Before the packed pews of the Immanuel Presbyterian Church in Los Angeles, McKinney is speaking of the American government�s war on its own people. The shock and awe phase of this conflict ... began on September 11 2001, when the Bush administration launched attacks on New York and Washington, or at least waved them through. According to a show of hands that February afternoon, several hundred people in the immaculate church believe this to be true. They had all come to hear the message of Architects, Engineers & Scientists for 9/11 Truth, one of the dozens of [9/11 truth] groups across the US. Last winter, �Investigate 9/11� banners seemed to be popping up all over the place. Bill Clinton was heckled by �truthers� in Denver while campaigning for his wife. Country music star Willie Nelson ... described as naive the notion that the �implosion� of the Twin Towers was caused by crashing jets. Meanwhile the European Parliament screened the Italian documentary Zero, in which Gore Vidal, Italian playwright Dario Fo, and Italian MEP Giulietto Chiesa blame the US government, not al-Qaeda, for 9/11. The following month, Japanese MP Yukihisa Fujita raised his own doubts about the official story at a seminar in Sydney. A busy season for the �9/11 Truth� movement.

Note: This extensive story in The Financial Times shows that the 9/11 movement is having a major impact. For a detailed two-page summary of many questions about what really happened on 9/11, click here.


What happened to building 7?
2008-06-06, Financial Times
http://www.ft.com/cms/s/0/7d174b42-31fa-11dd-9b87-0000779fd2ac,s01=1.html

To the ["9/11 Truth movement"], Building 7 – the third building in the World Trade Center complex to collapse on September 11 – is evidence that the mainstream media is in on the plot. On that day, the BBC reported the building’s fall almost half an hour before it happened. Journalist Jane Standley was broadcast at 4.54pm eastern time reporting that the tower had collapsed – but in the background, it was still standing. It fell 26 minutes later, seven hours after the Twin Towers came down. When the Standley clip hit YouTube, truthers bombarded the BBC’s website with questions and accusations. Richard Porter, head of BBC world news, was forced to deny that the broadcaster was reading from the Bush conspirators’ script. He said the BBC had misreported warnings from fire crews of the building’s imminent collapse and instead stated that it had already happened. He blamed the confusion of the day for the mix-up. CNN had earlier reported rumours that a third building had either collapsed or was about to. This explanation was undermined by Porter’s admission that the BBC no longer had the original tapes of its coverage. Building 7 is [a] smoking gun for other reasons, too. How, they ask, could this modern, steel-framed skyscraper collapse merely because of fire, without even being hit by an airliner? The 47-storey WTC7 fell straight down, at almost free-fall speed, largely into its own footprint: all the hallmarks, the sceptics say, of a controlled demolition.

Note: To read a related Financial Times report on the 9/11 Truth movement's claims, click here.


Investors' Growing Appetite for Oil Evades Market Limits
2008-06-06, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/05/AR20080605043...

Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, ... helping to push oil prices to record highs. The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying. The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges. Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China's increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players. Commodities have become especially enticing to investors as the credit crisis has roiled other investment opportunities such as stocks and debt-related securities. The recent flood of investment money has transformed the markets for oil, as well as uranium, wheat, cotton and other goods, into a volatile realm that some insiders call the Wild West of Wall Street. Michael Greenberger, a professor at the University of Maryland and former CFTC commissioner, said there were loopholes the agency could close without much effort. "There's smoke here, and the CFTC hasn't wanted to look if there's a fire," he said. "But these are dark markets. They don't even know who's doing the trading."

Note: For revealing reports on financial corruption and criminality from major media sources, click here.


Wealthy Americans Under Scrutiny in UBS Case
2008-06-06, New York Times
http://www.nytimes.com/2008/06/06/business/worldbusiness/06tax.html?partner=r...

One afternoon in April, six dozen wealthy Americans were entertained at a luncheon party in Midtown Manhattan, along with a special guest from Paris: Henri Loyrette, the director of the Louvre. The host of the exclusive gathering was the Swiss bank UBS, whose elite private bankers built a lucrative business in recent years by discreetly tending the fortunes of American millionaires and billionaires. But now, as the federal authorities intensify an investigation into offshore bank accounts, the secrets of this rarefied world are being dragged into the open — and UBS’s privileged clients are running scared. Under pressure from the authorities, UBS is considering whether to divulge the names of up to 20,000 of its well-heeled American clients, according to people close to the inquiry, a step that would have once been unthinkable to Swiss bankers, whose traditions of secrecy date to the Middle Ages. Federal investigators believe some of the clients may have used offshore accounts at UBS to hide as much as $20 billion in assets from the Internal Revenue Service. Doing so may have enabled these people to dodge at least $300 million in federal taxes on income from those assets, according to a government official connected with the investigation. The case could turn into an embarrassment for Marcel Rohner, the chief executive of UBS and the former head of its private bank, as well as for Phil Gramm, the former Republican senator from Texas who is now the vice chairman of UBS Securities, the Swiss bank’s investment banking arm. It also comes at a difficult time for UBS, which is reeling from $37 billion in bad investments, many of them linked to risky American mortgages.

Note: For an illuminating overview of the secret world of banking and finance, click here.


Mukasey Declines to Create a U.S. Task Force to Investigate Mortgage Fraud
2008-06-06, New York Times
http://www.nytimes.com/2008/06/06/business/06justice.html?partner=rssuserland...

Attorney General Michael B. Mukasey rejected ... the idea of creating a national task force to combat the country’s mortgage fraud crisis, calling the problem a localized one akin to “white-collar street crimes.” He gave his most definitive answer ... in a briefing for reporters, saying that he did not think that the kind of national task force created at the Justice Department in 2002 to investigate the collapse of Enron was “the proper response” to the current crisis. Some critics have called for the same sort of broad federal law enforcement response seen in the Enron case and a wave of other corporate scandals earlier this decade, or in the collapse of the savings and loan industry in the 1980s and 1990s. “This is disappointing,” Representative Barney Frank, the Massachusetts Democrat who leads the House financial services committee, said. Calling the mortgage crisis “worse than Enron,” Mr. Frank said “Enron didn’t cause a worldwide recession. This has more innocent victims.” Mr. Frank noted that a $2.4 billion bill to prevent mortgage foreclosure, which has already passed the House, includes a provision backed by Republicans to provide an additional $300 million for law enforcement officials to fight mortgage fraud. He questioned how that money could be spent without a more centralized effort. The Federal Bureau of Investigation is investigating 19 major corporate fraud cases related to the mortgage crisis. The targets of most of those investigations have not been disclosed. In addition, the F.B.I. has 1,380 small mortgage fraud investigations now open in field offices around the country.

Note: For many powerful reports on government corruption, click here.


Canadian teen's process decomposes plastic bags
2008-06-05, Reuters News
http://www.reuters.com/article/lifestyleMolt/idUSN0535499620080605

As countries and cities around the world move to ban plastic bags, a Canadian teenager is tackling the problem of what to do with them. High school student Daniel Burd successfully isolated microorganisms from soil and used them to help degrade 43 percent of his polyethylene sample within a few weeks in a science project that recently won him the C$10,000 ($9,800) top prize at the Canada-Wide Science Fair. "The purpose of my project was to first of all prove that it's possible to do the degradation, and I just wanted to develop a beginning procedure that could be used," said the 17-year-old Grade 11 student, who also walked away with nearly C$35,000 in university scholarship offers. "We know that after 40 to 100,000 years, the plastic bags will be degraded naturally. Some type of microbe must be responsible for this. So the first step was to isolate this microbe and that's what I did," said Burd, who began his research in December 2006. To isolate the microorganism, he turned the plastic bags into a powder -- an important step, Burd said, because it increases the surface area and helps the microorganisms that can use the plastic to grow. Once he had the powder, he collected soil samples from a landfill, and combined the two with a home-made solution that would encourage microorganism growth. After months of experimenting, he isolated two microbial strains from the genuses sphingomonas and pseudomonas. Burd worked with the microbes to find the combination that would degrade strips of plastic bags best, and optimized the process by factoring in elements such as temperature and concentration of microbes. "In the end I was able to find that after six weeks incubation 43 percent of my plastic bag is degraded."

Note: Why wasn't this all over the news? Very few media outlets covered this highly inspiring story. For a more recent article on this fascinating topic, click here.


The Benefits of Biofeedback
2008-06-05, U.S. News and World Report
http://health.usnews.com/articles/health/living-well-usn/2008/06/05/the-benef...

Because she was planning to get pregnant, Janelle ... decided last year to go off powerful medication for stress-induced migraines in favor of a more fetus-friendly therapy. With sensors attached to her fingertips, neck, and abdomen, she spent 20 sessions learning to relax her muscles and slow her breathing and heart rate while watching a computer monitor for proof of the desired result. Eventually, she was able to do the work on her own. "The migraine pain doesn't go away completely," says the 39-year-old from Bethesda, Md., who has remained off medication since her son's birth two months ago. "But it's been greatly reduced, and I'm able to deal with it better." Like meditation and yoga, the biofeedback method that Janelle now swears by is enjoying a sort of renaissance; while it's been around for some 40 years, a growing body of research has brought it to the mainstream, indicating that it can relieve some hard-to-manage conditions exacerbated by stress. Many major hospitals and clinics, including Harvard's Brigham and Women's Hospital and Duke University Medical Center, now offer biofeedback to people with hypertension and jaw pain as well as headaches, for example. Biofeedback's major appeal is that one series of sessions purportedly teaches a set of skills you can use for life–without side effects. And it's pre-emptive. "Biofeedback teaches you to identify early signs that stress is starting to get to you and to bring that stress reaction down before it causes physical symptoms," explains Frank Andrasik, a professor of psychology at the University of West Florida in Pensacola.

Note: For the Institute of HeartMath's pioneering research in this field, click here. For other exciting reports on new health research, click here.


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