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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.


Google has lots to do with intelligence
2008-03-30, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/29/BUQLUAP8L.DTL

When the nation's intelligence agencies wanted a computer network to better share information ... they turned to a big name in the technology industry to supply some of the equipment: Google Inc. The Mountain View company sold the agencies servers for searching documents. Many of the contracts are for search appliances - servers for storing and searching internal documents. Agencies can use the devices to create their own mini-Googles on intranets made up entirely of government data. Additionally, Google has had success licensing a souped-up version of its aerial mapping service, Google Earth. Spy agencies are using Google equipment as the backbone of Intellipedia, a network aimed at helping agents share intelligence. [The system] is maintained by the director of national intelligence and is accessible only to the CIA, FBI, National Security Agency and an alphabet soup of other intelligence agencies and offices. Google supplies the computer servers that support the network, as well as the search software that allows users to sift through messages and data. Because of the complexities of doing business with the government, Google uses resellers to process orders on its behalf. Google takes care of the sales, marketing and management of the accounts. Google is one of many technology vendors vying for government contracts. On occasion, Google is the target of conspiracy theories from bloggers who say it is working with spy agencies more closely than simply selling search equipment.


In Faith's Pawprints, an Abiding Hope
2008-03-29, Washington Post
http://www.washingtonpost.com/wp-dyn/content/story/2008/03/28/ST2008032804068...

Faith was curled up on the carpet beside her agent, Mike Maguire, who kept reaching down to hand her pieces of his chicken sandwich, when their waitress gave him an easy one. "What kind of dog is that?" asked Alicia Weedon, 16. With a flair honed in scores of such encounters, Maguire, a sports agent from Fairfax County, said simply, "A two-legged dog." The chow mix jumped up, her haunches tight and six-pack abs working, and began to walk. She's been on Oprah and Montel. She's been on Japanese and Korean TV and is scheduled to fly to Istanbul next month. Faith has that kind of effect on people. The 5-year-old was born with a shriveled left leg that flopped behind her and had to be removed and a legless, partial right paw with two nails she still hates getting clipped. There is an industry of rolling aids for disabled pets. But peanut butter on the end of spoon and tossed gummy bears got Faith up off her chest. Faith's owner, Jude Stringfellow, 46, said she gave up her job as a teacher in Oklahoma to take Faith on the road. Her son found Faith as a puppy, and the dog has grown into a calling and a job, Stringfellow said. She's considered starting a charity, but the idea has stalled, she said. She said that she does not keep records but that the money has been minimal and that she has passed it on to other charities. Her focus, she said, is spreading Faith's message. "I want people to understand that you can be imperfect physically and still be perfect through your soul, through your spirit," she said.

Note: For an inspiring five minute video of this amazing pup, click here.


A Victim Treats His Mugger Right
2008-03-28, NPR
http://www.npr.org/templates/story/story.php?storyId=89164759

Julio Diaz has a daily routine. Every night, the 31-year-old social worker ends his hour-long subway commute to the Bronx one stop early, just so he can eat at his favorite diner. But one night last month, as Diaz stepped off the No. 6 train and onto a nearly empty platform, his evening took an unexpected turn. He was walking toward the stairs when a teenage boy approached and pulled out a knife. "He wants my money, so I just gave him my wallet and told him, 'Here you go,'" Diaz says. As the teen began to walk away, Diaz told him, "Hey, wait a minute. You forgot something. If you're going to be robbing people for the rest of the night, you might as well take my coat to keep you warm." The would-be robber looked at his would-be victim, "like what's going on here?" Diaz says. "He asked me, 'Why are you doing this?'" Diaz replied: " ' If you're willing to risk your freedom for a few dollars, then I guess you must really need the money. I mean, all I wanted to do was get dinner and if you ... want to join me ... hey, you're more than welcome.' You know, I just felt maybe he really needs help," Diaz says. Diaz says he and the teen went into the diner and sat in a booth. Diaz asked him what he wanted out of life. "He just had ... a sad face," Diaz says. The teen couldn't answer Diaz — or he didn't want to. When the bill arrived, Diaz told the teen, "Look, I guess you're going to have to pay for this bill 'cause you have my money and I can't pay for this. So if you give me my wallet back, I'll gladly treat you." The teen "didn't even think about it" and returned the wallet, Diaz says. "I gave him $20 ... I figure maybe it'll help him. I don't know." Diaz says he asked for something in return — the teen's knife — "and he gave it to me."

Note: For many powerful inspirational stories from major media sources, click here.


JPMorgan memo shows dirty tricks of mortgage trade
2008-03-28, Reuters News
http://www.reuters.com/article/vcCandidateFeed1/idUSN2838474720080328

An internal JPMorgan Chase memo entitled "Zippy Cheats & Tricks" offers a peek into just the sort of dubious lending tactics that underpinned the U.S. housing market's deepening downward spiral. The memo outlines step-by-step instructions on how to beef up mortgage applicants' stated incomes in order to help them qualify for home loans. They read as follows: "1. Make sure you input all income in base income. DO NOT break it down by overtime, commissions or bonus. 2. If your borrower is getting a gift, add it to a bank account along with the rest of the assets. Be sure to remove any mention of gift funds. 3. If you do not get (the desired results), try resubmitting with slightly higher income. Inch it up $500 to see if you can get the findings you want. Do the same for assets." In the context of a broader housing debacle, the memo [provides] some clues into just what lengths bankers went to [to] push loans through the system. Over the past six months, rising defaults on home loans have not only battered the mortgage sector, threatening recession, but also sent the banking industry into a tailspin. Many large banks repackaged mortgages and held them on their balance sheets as complex derivatives securities, essentially bonds backed by other types of loans. The conclusion of the JPMorgan memo, written in bright purple letters, certainly hints at a credit system gone awry: "It's super easy! Give it a try!" it reads. "If you get stuck, call me ... I am happy to help!"

Note: Though this highly revealing news was reported by the venerable Reuters news agency, why did no major media pick it up? For numerous reports of financial corruption from verifiable sources, click here.


Seeking UFOs, deep underground
2008-03-28, Los Angeles Times
http://www.latimes.com/news/nationworld/nation/la-na-ufoguy28mar28,1,3633549....

[Peter] Davenport, longtime director of the National UFO Reporting Center, a nonprofit clearinghouse and 24-hour hotline for UFO sightings, [is] a full-time UFO investigator and possessor of one of the world's most comprehensive, though unofficial, UFO databases. The center, in continuous operation since 1970, is known worldwide among those interested in UFOs: scientists as well as people surfing the Web. The hotline [206-722-3000] is posted on various UFO websites, and calls -- as many as 20,000 in a year -- come from people who believe they've seen or experienced something beyond the ordinary, potentially involving extraterrestrials. If the case seems compelling and is a short flight away, Davenport will investigate in person. He takes written reports, records testimony and consults experts in specialty areas. Costs can range from $500 to $5,000 a month, depending on travel. Davenport, 60, is a passionate, cerebral man with a haughty disdain for the media. "I do not countenance fools," he [said]. "The work of studying UFOs is of immense consequence to every living thing on this planet. If I sense you are wasting my time, I will be blunt." His life revolves around a question, namely: "Are we alone in the universe or are we not?" A number of prominent scientists and much of the public -- as many as 60%, according to polls -- believe UFOs exist and should be studied. As a corollary, a large number of astronomers believe life in other parts of the universe is not only possible but likely. Among the famous, former President Carter, anthropologist Margaret Mead, psychiatrist Carl Jung and astronaut Gordon Cooper reported seeing a UFO or proclaimed a belief in UFOs as representing visitations from extraterrestrials.

Note: For a powerful two-page summary of UFO sightings by highly respected former government and military personnel, click here.


Bohemian Club tries new tactic to log grove
2008-03-28, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/28/BAC0VQV83.DTL

The Bohemian Club's ambitious plan to log its famed Bohemian Grove on the Russian River [in northern California] hit a snag last year when opponents argued that the ritzy club's redwood holdings were too large to qualify for a streamlined permit from the state. In a new move, the all-male San Francisco club has offered to donate 160 acres as a conservation easement to the Rocky Mountain Elk Foundation of Missoula, Mont., effectively whittling down the size and making it eligible for a state exemption to log in perpetuity without extensive environmental review. Opponents of the plan, including the Sierra Club and some former Bohemian Club members, say the club's action is nothing more than a thinly veiled end-run around state law that offers the special permit to small, noncommercial holdings. At the heart of the controversy is the 2,700-acre redwood grove, where the club's secret membership, including U.S. presidents, kings of industry and celebrities, have gathered for spring and summer retreats for more than a century.

Note: For a treasure trove of revealing reports on secret societies from reliable, verifiable sources, click here.


Fight Violence with Nonviolence
2008-03-27, Christian Science Monitor
http://www.csmonitor.com/2008/0327/p09s01-coop.html

Over the past 25 years nonviolent peacekeepers have been going into zones of sometimes intense conflict with the aim of bringing a measure of peace, protection, and sanity to life there. Rather than use threat or force, unarmed peacekeepers deploy strategies of protective accompaniment, moral and/or witnessing "presence," monitoring election campaigns, creating neutral safe spaces, and in extreme cases putting themselves physically between hostile parties. Civilian unarmed peacekeeping has had dramatic, small-scale, quiet, and unglamorous successes: rescuing child soldiers, protecting the lives of key human rights workers and of whole villages, averting potentially explosive violence, and generally raising the level of security felt by citizens in many a tense community. Recently a village on the island of Mindanao in the Philippines was under threat by two armed groups who had come within 200 meters of each other. The village elders called for help from the Nonviolent Peaceforce stationed there, who intervened and by communicating with all sides persuaded the armed group to back away. Thanks to mediation, no violence erupted, no lives were lost. Why haven't you heard about this exciting work? Because it is terribly underfunded, for one thing. There is also a prevailing prejudice that only governments or armed forces – including those of the United Nations – have the responsibility or means to contain conflict. But the biggest obstacle by far is the widespread – and rarely examined – belief that political power grows out of the barrel of a gun. It is the belief that there is only one kind of power; threat power, which in the end can be relied upon to get others to change their minds or, failing that, at least their actions. That may change. The new global norm of "Responsibility to Protect" (R2P) should inspire the use of civil society and nonviolent means.


Born Without Limbs, Refusing Limitations
2008-03-27, ABC News
http://abcnews.go.com/Health/story?id=4531209

The crowds that 25-year-old Nick Vujicic draws as an evangelist would have been unimaginable only a few years ago, and impossible had he been born under other circumstances. "In some third world countries ... I would be seen as cursed, a shame to the family," said Vujicic (pronounced VOY-chich). "The possibilities of me being killed at my birth would have been quite high." But Vujicic, who was born without arms or legs, does have one of the most powerful of all human attributes: a voice. Through the ministry he calls Life Without Limbs and a motivational program titled "Attitude is Altitude," Vujicic said he has made 1,600 speaking appearances in 12 nations. "No matter who you are, no matter what you're going through, God knows it," he said. "He is with you. He is going to pull you through." Like all skilled evangelists, he can imagine the deepest vulnerabilities of his listeners, especially among teenage audiences. "I used to think that I needed my circumstance to change before I had any hope," he said. "I wanted to know that there was someone else out there in my position, to know that there is hope, that there is more than just the little box that I see in my life." He cannot avoid the reasons why people are fascinated by his physical condition, and he uses it to his advantage in his speeches, often delivered from a tabletop in front of the audience. He says it lends credibility "to know that somebody has been through something, that they've learned something that you know you need to apply in your own life."

Note: Watch an amazing four-minute video titled "No arms, no legs, no worries," on this inspiring man. Nick has overcome challenges that are almost guaranteed to make your problems seem like nothing.


Every bank transaction triggers snooping
2008-03-26, Atlanta Journal-Constitution (Atlanta's leading newspaper)
http://www.ajc.com/blogs/content/shared-blogs/ajc/barrcode/entries/2008/03/26...

The sad saga of [Eliot] Spitzer should concern every American. The web of snooping in which federal investigators and regulators are now able to ensnare any person who engages in any form of financial transaction has become so complex and pervasive that almost no person anywhere in the world can escape its clutches. The seeds of this modern-day Orwellian financial web were sown in the late 1960s and early 1970s when such expansive federal laws as the Bank Secrecy Act were enacted. Designed as tools to ferret out organized crime figures, major drug traffickers and international money launderers, this family of far-reaching regulatory-cum-criminal laws initially was used largely as intended. Many of the “Suspicious Activity Reports” (or SARs) required by the Bank Secrecy Act of 1970, for example, were largely ignored by investigators and prosecutors, who viewed them as burdensome and difficult to catalog and utilize. Two events have conspired to change all that. First, the advent of digital technology has elevated dramatically the ability of the government to gather, analyze, manipulate, retrieve and disseminate the SAR data. The second factor ... was, of course, the events of 9/11 and the ensuing USA Patriot Act. These two things institutionalized fear as the driving force in virtually all federal policies, including those relating to financial reporting. [A section of] the Patriot Act — has been interpreted by banking examiners to require banks to profile their customers and the full range of their transactions, regardless of amount. These “know your customer” regulations are among the most insidious of this entire class of invasive federal laws and regulations.

Note: This informative article is by former US Congressman Bob Barr, who has become a crusader against the excesses of the PATRIOT Act.


Engineer Society Accused of Cover-Ups
2008-03-25, Atlanta Journal-Constitution/Associated Press
http://www.ajc.com/metro/content/shared-gen/ap/National/Embattled_Engineers.html

After the 2001 attack on the World Trade Center and the levee failures caused by Hurricane Katrina in 2005, the federal government paid the American Society of Civil Engineers to investigate what went wrong. Critics now accuse [ASCE] of covering up engineering mistakes ... and using the investigations to protect engineers and government agencies from lawsuits. In the World Trade Center case, critics contend the engineering society wrongly concluded skyscrapers cannot withstand getting hit by airplanes. The Federal Emergency Management Agency paid the group about $257,000 to investigate the World Trade Center collapse. In 2002, the society's report on the World Trade Center praised the buildings for remaining standing long enough to allow tens thousands of people to flee. But, the report said, skyscrapers are not typically designed to withstand airplane impacts. Abolhassan Astaneh-Asl, a structural engineer and forensics expert, contends his computer simulations disprove the society's findings that skyscrapers could not be designed to withstand the impact of a jetliner. Astaneh-Asl, who received money from the National Science Foundation to investigate the collapse, insisted most New York skyscrapers built with traditional designs would survive such an impact. He also questioned the makeup of the society's investigation team. On the team were the wife of the trade center's structural engineer and a representative of the buildings' original design team. "I call this moral corruption," said Astaneh-Asl, who is on the faculty at the University of California, Berkeley.

Note: For a revealing two-page summary of many unanswered questions about 9/11 raised by major media sources, click here.


Unintended Consequences
2008-03-24, Newsweek magazine
http://www.newsweek.com/id/123489

When Congress passed the Patriot Act in the aftermath of the 9/11 attacks, law-enforcement agencies hailed it as a powerful tool to help track down the confederates of Osama bin Laden. No one expected it would end up helping to snag the likes of Eliot Spitzer. In the fine print were provisions that gave the Treasury Department authority to demand more information from banks about their customers' financial transactions. But Treasury went further. It issued stringent new regulations that required banks themselves to look for unusual transactions (such as odd patterns of cash withdrawals or wire transfers) and submit SARs—Suspicious Activity Reports—to the government. Facing potentially stiff penalties if they didn't comply, banks and other financial institutions installed sophisticated software to detect anomalies among millions of daily transactions. They began ranking the risk levels of their customers ... based on complex formulas that included ... whether an account holder was a "politically exposed person" [PEP]. At first focused on potentially crooked foreign officials, the PEP lists expanded to include many U.S. politicians and public officials who were conceivably vulnerable to corruption. Federal prosecutors around the country routinely scour the SARs for potential leads. One of those leads led to Spitzer. Last summer New York's North Fork Bank, where Spitzer had an account, filed a SAR about unusual money transfers he had made. The governor called attention to himself by asking the bank to transfer money in someone else's name. The SAR was not itself evidence that Spitzer had committed a crime. But it made the Feds curious enough to follow the money.

Note: This story provides useful information about how the PATRIOT Act has been applied since its passage. The reasons for the investigation of Eliot Spitzer, leading to his resignation, may not have been so simple, however, given his many powerful enemies in government and on Wall Street.


The War Endures, but Where’s the Media?
2008-03-24, New York Times
http://www.nytimes.com/2008/03/24/business/media/24press.html?ex=1364011200&e...

Five years later, the United States remains at war in Iraq, but there are days when it would be hard to tell from a quick look at television news, newspapers and the Internet. Media attention on Iraq began to wane after the first months of fighting, but as recently as the middle of last year, it was still the most-covered topic. Since then, Iraq coverage by major American news sources has plummeted, to about one-fifth of what it was last summer, according to the Project for Excellence in Journalism. The drop in coverage parallels ... a decline in public interest. Surveys by the Pew Research Center show that more than 50 percent of Americans said they followed events in Iraq “very closely” in the months just before and after the war began, but that slid to an average of 40 percent in 2006, and has been running below 30 percent since last fall. The three broadcast networks’ nightly newscasts devoted more than 4,100 minutes to Iraq in 2003 and 3,000 in 2004, before leveling off at about 2,000 a year, according to Andrew Tyndall, who monitors the broadcasts and posts detailed breakdowns at tyndallreport.com. And by the last months of 2007, he said, the broadcasts were spending half as much time on Iraq as earlier in the year. Since the start of last year, the Project for Excellence in Journalism, a part of the nonprofit Pew Research Center, has tracked reporting by several dozen major newspapers, cable stations, broadcast television networks, Web sites and radio programs. Iraq accounted for 18 percent of their prominent news coverage in the first nine months of 2007, but only 9 percent in the following three months, and 3 percent so far this year. And reporting on events in Iraq has fallen by more than two-thirds from a year ago.

Note: For a powerful summary of major media censorship, click here.


Practicing Patients
2008-03-23, New York Times
http://www.nytimes.com/2008/03/23/magazine/23patients-t.html?ex=1363924800&en...

Todd Small was stuck in quicksand again. His brain was sending an electrical pulse saying “walk,” but as the signal streaked from his cerebellum and down his spinal cord, it snagged on scar tissue where the myelin layer insulating his nerve fibers had broken down. The message wasn’t getting to his hip flexors or his hamstrings or his left foot. That connection had been severed by his multiple sclerosis. And once again, Small was left with the feeling that, as he described it, “I’m up to my waist in quicksand.” Small would have continued just as he was had he not logged on last June to a Web site called PatientsLikeMe. He expected the sort of online community he’d tried and abandoned several times before — one abundant in sympathy and stories but thin on practical information. But he found something altogether different: data. There are a little more than 7,000 Todd Smalls at PatientsLikeMe, congregating around diseases like Parkinson’s, multiple sclerosis (M.S.) and AIDS, all of them contributing their experiences and tweaking their treatments. The members of PatientsLikeMe don’t just share their experiences anecdotally; they quantify them, breaking down their symptoms and treatments into hard data. They note what hurts, where and for how long. They list their drugs and dosages and score how well they alleviate their symptoms. All this gets compiled over time, aggregated and crunched into tidy bar graphs and progress curves by the software behind the site. And it’s all open for comparison and analysis. By telling so much, the members of PatientsLikeMe are creating a rich database of disease treatment and patient experience.

Note: For a treasure trove of revealing reports on health issues from reliable sources, click here.


Gap in Life Expectancy Widens for the Nation
2008-03-23, New York Times
http://www.nytimes.com/2008/03/23/us/23health.html?ex=1363924800&en=ba91823f2...

New government research has found “large and growing” disparities in life expectancy for richer and poorer Americans, paralleling the growth of income inequality in the last two decades. Life expectancy for the nation as a whole has increased, the researchers said, but affluent people have experienced greater gains, and this, in turn, has caused a widening gap. One of the researchers, Gopal K. Singh, a demographer at the Department of Health and Human Services, said “the growing inequalities in life expectancy” mirrored trends in infant mortality and in death from heart disease and certain cancers [and] that federal officials had found “widening socioeconomic inequalities in life expectancy” at birth and at every age level. He and another researcher, Mohammad Siahpush, a professor at the University of Nebraska Medical Center in Omaha, developed an index to measure social and economic conditions in every county, using census data on education, income, poverty, housing and other factors. In 1980-82, Dr. Singh said, people in the most affluent group could expect to live 2.8 years longer than people in the most deprived group (75.8 versus 73 years). By 1998-2000, the difference in life expectancy had increased to 4.5 years (79.2 versus 74.7 years), and it continues to grow, he said. After 20 years, the lowest socioeconomic group lagged further behind the most affluent, Dr. Singh said, noting that “life expectancy was higher for the most affluent in 1980 than for the most deprived group in 2000. If you look at the extremes in 2000,” Dr. Singh said, “men in the most deprived counties had 10 years’ shorter life expectancy than women in the most affluent counties (71.5 years versus 81.3 years).” The difference between poor black men and affluent white women was more than 14 years (66.9 years vs. 81.1 years).

Note: For a powerful summary of corruption in the government regulation of the health care industry, click here.


Letter to FBI asserts Spitzer also hired prostitutes while in Florida
2008-03-22, Kansas City Star/McClatchy News
http://www.kansascity.com/news/politics/story/542802.html

Months before New York Gov. Eliot Spitzer resigned, a lawyer for a GOP political operative contacted the FBI, alleging that Spitzer had hired prostitutes while in Florida. A letter, dated Nov. 19, said Roger Stone, who lives in Miami Beach, learned the information from “a social contact in an adult-themed club.” Stone, known for shutting down the 2000 presidential election re-count in Miami-Dade County, is a longtime nemesis of Spitzer. His lawyer wrote the letter after FBI agents had asked to speak to Stone, though he said the FBI did not specify why he was contacted. “Mr. Stone respectfully declines to meet with you at this time,” the letter stated, before going on to offer “certain information” about Spitzer. “The governor has paid literally tens of thousands of dollars for these services. It is Mr. Stone’s understanding that the governor paid not with credit cards or cash but through some pre-arranged transfer,” it said. “It is also my client’s understanding from the same source that Gov. Spitzer did not remove his mid-calf-length black socks during the sex act. Perhaps you can use this detail to corroborate Mr. Stone’s information,” the letter said. It was signed by attorney Paul Rolf Jensen. Another of Stone’s lawyers, Robert Buschel, said the letter’s release is an attempt to set the record straight. “The conspiracy enthusiasts on the Internet are going wild over Roger Stone’s role in the fall of Eliot Spitzer. We felt it was important to lay out for the public exactly what Mr. Stone did tell the government,” Buschel said.

Note: Roger Stone, the "longtime nemesis of Spitzer", is also a notorious Republican "dirty trickster" since the Nixon era.


U.S. Defends Tough Tactics on Spitzer
2008-03-21, New York Times
http://www.nytimes.com/2008/03/21/nyregion/21justice.html?ex=1363752000&en=50...

The Justice Department used some of its most intrusive tactics against Eliot Spitzer, examining his financial records, eavesdropping on his phone calls and tailing him during its criminal investigation of the Emperor’s Club prostitution ring. The scale and intensity of the investigation of Mr. Spitzer, then the governor of New York, seemed ... to be a departure for the Justice Department, which aggressively investigates allegations of wrongdoing by public officials, but almost never investigates people who pay prostitutes for sex. A review of recent federal cases shows that federal prosecutors go sparingly after owners and operators of prostitution enterprises, and usually only when millions of dollars are involved or there are aggravating circumstances, like human trafficking or child exploitation. The focus on Mr. Spitzer was so intense that the F.B.I. used surveillance teams to follow both him and the prostitute in Washington in February. Stakeouts and surveillance are labor-intensive and often involve teams of a dozen or more agents and non-agent specialists. An affidavit filed in the prostitution case did not identify Mr. Spitzer by name, only as Client 9, but it provided far more detail, some of it unusually explicit, about Client 9’s encounter with the prostitute than about any of the nine other clients identified by number in the document. Several current and former federal prosecutors and prominent defense lawyers who reviewed the document said the inclusion of such salacious details about Mr. Spitzer’s encounter with the prostitute went far beyond what was necessary to provide probable cause for the arrests and for searches, the purpose of the affidavit. The government has not accused Mr. Spitzer, a Democrat, of any wrongdoing.

Note: A point left out by this report in the New York Times, which so prominently broke the Spitzer revelations, is that the names of the other "Clients" were never released. Could this be because the investigation and leaks to the media were politically motivated?


Clinton, Obama are Wall Street darlings
2008-03-21, Los Angeles Times
http://www.latimes.com/news/nationworld/nation/la-na-wallstdems21mar21,1,1953...

Hillary Rodham Clinton and Barack Obama, who are running for president as economic populists, are benefiting handsomely from Wall Street donations, easily surpassing Republican John McCain in campaign contributions from the troubled financial services sector. It is part of a broader fundraising shift toward Democrats, compared to past campaigns when Republicans were the favorites of Wall Street. The flow of campaign cash is a measure of how open-fisted banks and other financial institutions have been to politicians of both parties. Concern is rising that "no matter who the Democratic nominee is and who wins in November, Wall Street will have a friend in the White House," said Massie Ritsch of the nonprofit Center for Responsive Politics, which tracks campaign donations. "The door will be open to these big banks." Sen. Clinton of New York is leading the way, bringing in at least $6.29 million from the securities and investment industry, compared with $6.03 million for Sen. Obama of Illinois and $2.59 million for McCain. Those figures include donations from the investment companies' employees and political action committees. The candidates' receipts reflect a broader trend that demonstrates how money follows power in Washington. It suggests that the nation's money managers are betting heavily that either Clinton or Obama will capture the White House and that Democrats will retain control of Congress. "What that Wall Street money means is that few people in Washington, including the leading presidential candidates, say a thing when the government moves to bail out Wall Street before it helps homeowners," said David Sirota, a liberal activist and former congressional aide.

Note: For more insight into the relationship between big finance and big government, click here.


Money buys happiness -- if you spend on someone else
2008-03-20, Reuters News
http://www.reuters.com/article/domesticNews/idUSN2042446720080320

Money can buy happiness, but only if you spend it on someone else. Spending as little as $5 a day on someone else could significantly boost happiness, [a] team at the University of British Columbia and Harvard Business School found. Their experiments on more than 630 Americans showed they were measurably happier when they spent money on others -- even if they thought spending the money on themselves would make them happier. "We wanted to test our theory that how people spend their money is at least as important as how much money they earn," said Elizabeth Dunn, a psychologist at the University of British Columbia. They asked their 600 volunteers first to rate their general happiness, report their annual income and detail their monthly spending including bills, gifts for themselves, gifts for others and donations to charity. "Regardless of how much income each person made, those who spent money on others reported greater happiness, while those who spent more on themselves did not," Dunn said. Dunn's team also surveyed 16 employees at a company in Boston before and after they received an annual profit-sharing bonus of between $3,000 and $8,000. "Employees who devoted more of their bonus to pro-social spending experienced greater happiness after receiving the bonus, and the manner in which they spent that bonus was a more important predictor of their happiness than the size of the bonus itself," they wrote in their report, published in the journal Science. "Finally, participants who were randomly assigned to spend money on others experienced greater happiness than those assigned to spend money on themselves," they said. "These findings suggest that very minor alterations in spending allocations -- as little as $5 -- may be enough to produce real gains in happiness on a given day."

Note: For an abundance of inspiring stories from major media sources, click here.


Papers Detail Complaints of Links to Treasury List
2008-03-19, New York Times
http://www.nytimes.com/2008/03/19/us/19suit.html?ex=1363665600&en=eb4f1ed6600...

A sheaf of documents that a federal court forced the Treasury Department to release indicate there have been repeated complaints from American consumers who have been falsely linked to terrorism or drug trafficking during routine credit checks, the organization that sought the documents in a lawsuit said Tuesday. The more than 100 pages of documents released Monday to the organization, the Lawyers’ Committee for Civil Rights in San Francisco, include a variety of complaints about the list maintained by the Office of Foreign Asset Control in the Treasury Department, said Philip Hwang, a lawyer for the group. The released documents include e-mail messages and letters from consumers who have been denied cars or home loans or faced difficulties with other financial transactions because their names allegedly appear on the list. Financial institutions are supposed to check clients’ names against the list, which is known officially as the Specially Designated Nationals List. A Federal District Court judge in San Francisco last month ordered the Treasury Department to release all the complaints after a Freedom of Information Act request, Mr. Hwang said. He said his organization believed that what they received was only a small fraction of the complaints filed. Among other indications, he said, was that Henry Paulson Jr., the Treasury secretary, said in Congressional testimony last year that his department fielded up to 90,000 telephone complaints about the list over one year. Mr. Hwang said most consumers discovered the problem only when they asked for a credit report and were shocked to find a notation on it associating them with terrorists or drug traffickers.

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Why Hospitals Want Your Credit Report
2008-03-18, Wall Street Journal
http://online.wsj.com/article/SB120580305267343947.html

In a development that consumer groups say raises privacy issues, a growing number of hospitals are mining patients' personal financial information to figure out how likely they are to pay their bills. Some hospitals are peering into patients' credit reports, which contain information on people's lines of credit, debts and payment histories. Other hospitals are contracting with outside services that predict a patient's income and whether he or she is likely to walk away from a medical bill. Hospitals often use these services when patients are uninsured or have big out-of-pocket costs despite having health insurance. Consumer advocates say the practice creates the potential for hospitals to misuse the information by denying or cutting back on patients' care if they can't pay. What's more, hospitals could scour a patient's financial records for credit lines and encourage the patient to tap them, despite high interest rates or other costs. "It has the potential to put people at risk financially," says Mark Rukavina, executive director of the Access Project, a research and advocacy group that focuses on medical debt. The Health Insurance Portability and Accountability Act, or Hipaa, a federal law that has patient-privacy provisions, doesn't bar hospitals from providing patient payment histories to consumer reporting agencies. It's unclear how much latitude hospitals have to legally check a patient's financial information. Under the Fair Credit Reporting Act, hospitals are allowed to obtain patients' credit reports if they get their permission, says Rebecca Kuehn, an assistant director in the Federal Trade Commission's division of privacy and identity protection.

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