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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.


Foreign investors veto Fed rescue
2008-03-17, The Telegraph (One of the U.K.'s leading newspapers)
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/17/ccview117.xml

As feared, foreign bond holders have begun to exercise a collective vote of no confidence in the devaluation policies of the US government. The Federal Reserve faces a potential veto of its rescue measures. Asian, Mid East and European investors stood aside at last week's auction of 10-year US Treasury notes. "It was a disaster," said Ray Attrill from 4castweb. "We may be close to the point where the uglier consequences of benign neglect towards the currency are revealed." The share of foreign buyers ("indirect bidders") plummeted to 5.8pc, from an average 25pc over the last eight weeks. On the Richter Scale of unfolding dramas, this matches the death of Bear Stearns. Rightly or wrongly, a view has taken hold that Washington is cynically debasing the coinage, hoping to export its day of reckoning through beggar-thy-neighbour policies. But even if you think the Fed has no choice other than to take dramatic action, the critics are also right in warning that this comes at a serious cost and it may backfire. The imminent risk is that global flight from US Treasury and agency debt drives up long-term rates, the key funding instrument for mortgages and corporations. The effect could outweigh Fed easing. Overall credit conditions could tighten into a slump (like 1930). It's the stuff of bad dreams. As the Wall Street Journal wrote this weekend, the entire country is facing a "margin call". The US has come to depend on $800bn inflows of cheap foreign capital each year to cover shopping bills. As of June 2007, foreigners owned $6,007bn of long-term US debt. [Most] likely, the twin crash in the dollar and US agency debt reflects a broad exodus by global wealth managers, afraid that America is spinning out of control.

Note: Why is the U.S. media not reporting important information like this? And why was the fact that gold broke $1,000 for the first time ever in mid-March not reported widely in the media?


Audit: Bush Barely Trims FOIA Backlog
2008-03-17, New York Times/Associated Press
http://www.nytimes.com/aponline/us/AP-Sunshine-Week-Bush-FOIA.html

Despite ordering improvements more than two years ago, President Bush has barely made a dent in the huge backlog of unanswered requests under the Freedom of Information Act. At the same time, an audit by the National Security Archive found that Bush has provided citizens someone to talk to about how long it is going to take to get the government records they want or to be turned down. The archive, a private research group at The George Washington University, released its seventh audit ... of the 1967 law that gives people the power to request information from federal government files. The audit of 90 government agencies found mixed results from Bush's executive order on Dec. 14, 2005, to agencies to clear the backlog and be more responsive to requesters. "Behind its ambitious facade, the order lacked both carrot and stick," the audit said, because it provided no additional money to do the job and no way to force agencies to set substantial goals or step up their efforts if they fell short. "Many of the same old scofflaw agencies are still shirking their responsibilities to the public," said Tom Blanton, director of the archive, whose FOIA audits are funded by the John S. and James L. Knight Foundation. The archive found that unanswered requests government-wide dropped just over 2 percent, from 217,000 to 212,000, from the end of 2005 to the end of 2007. Of those agencies with backlogs, 31 percent even saw pending requests rise during the two years, including some agencies that significantly reduced very old unanswered requests but saw gains wiped out by a surge of new requests. The audit particularly criticized the Treasury Department for trying to "wait out the requester."

Note: For many key articles on government secrecy, click here.


Veterans recall horrors of war in live broadcast
2008-03-16, Boston Globe
http://www.boston.com/news/local/articles/2008/03/16/veterans_recall_horrors_...

Jeffery Smith recalled how his Army unit beat and humiliated Iraqi prisoners. Former Marine Bryan Casler recounted how fellow Marines urinated and defecated into food and gave it to Iraqi children. Former Marine Matthew Childers talked about how he used to humiliate Iraqi civilians during predawn raids on their homes. When he described turning away an Iraqi father who was asking American troops to help the badly burned baby he carried in his arms, Jackson began to weep silently. "These soldiers are saying: 'I'm complicit,' " said [Liz] Jackson, 29, a community organizer from Cambridge. "But every American citizen who saw this happen and isn't out there protesting is complicit. I include myself." Hundreds of soldiers and Marines from across the country are testifying this weekend in the "Winter Soldier: Iraq and Afghanistan" hearings, a four-day event held at the National Labor College in Silver Spring, Md. The event is named after the 1971 Winter Soldier hearings in which Vietnam War veterans testified in a Detroit hotel about war crimes they had participated in or witnessed. The hearings, which began Thursday and end today, were organized by the Iraq Veterans Against War, a national antiwar organization, and broadcast live in locations across the country. The veterans who testified called for an immediate withdrawal of US troops from Iraq. On Friday, more than a dozen Iraq and Afghanistan veterans from Massachusetts drove to Silver Spring to observe and participate in the hearings. One of them, Ian J. Lavallee, an Iraq war veteran from Jamaica Plain, said in a phone interview, "We dehumanized people. The way we spoke about them, the way we destroyed their livelihoods, their families, doing raids, manhandling them, throwing the men on the ground while their family was crying. I became a person I never thought I would become," he said.

Note: To listen to audio archives of the live Winter Soldier broadcasts, click here. For a powerful essay by a former highly decorated U.S. general on how war is meant to dehumanize both soldiers and civilians, click here.


Rescue Me: A Fed Bailout Crosses a Line
2008-03-16, New York Times
http://www.nytimes.com/2008/03/16/business/16gret.html?ex=1363320000&en=04d1c...

What are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in? Will the consequences be an even weaker currency, rampant inflation, a continuation of the slow bleed that we have witnessed at banks and brokerage firms for the past year? Or all of the above? Stick around, because we’ll soon find out. And it’s not going to be pretty. Agreeing to guarantee a 28-day credit line to Bear Stearns, by way of JPMorgan Chase, the Federal Reserve Bank of New York conceded last Friday that no sizable firm with a book of mortgage securities or loans out to mortgage issuers could be allowed to fail right now. It was the most explicit sign yet of the Fed’s “Rescues ‘R’ Us” doctrine that already helped to force the marriage of Bank of America and Countrywide. But why save Bear Stearns? “Why not set an example of Bear Stearns, the guys who have this record of dog-eat-dog, we’re brass knuckles, we’re tough?” asked William A. Fleckenstein, president of Fleckenstein Capital in Issaquah, Wash., and co-author with Fred Sheehan of Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve. After years of never allowing any of our financial institutions to fail, they have become so enormous that nobody will be allowed to sink beneath the waves. Otherwise, a tsunami would swamp the hedge funds, banks and other brokerage firms that remain afloat. If Bear Stearns failed, for example, it would result in a wholesale dumping of mortgage securities and other assets onto a market that is frozen and where buyers are in hiding. This fire sale would force surviving institutions carrying the same types of securities on their books to mark down their positions, generating more margin calls and creating more failures.

Note: This excellent article should be read in its entirety by anyone who wants to understand the impending financial meltdown and the government's response to it.


New kidney 'changed my whole personality'
2008-03-16, The Telegraph (One of the U.K.'s leading newspapers)
http://www.telegraph.co.uk/news/uknews/1581752/New-kidney-'changed-my-whole-p...

A woman claims to have undergone a complete "personality transplant" after receiving a new kidney. Cheryl Johnson, 37, says she has changed completely since receiving the organ in May. She believes that she must have picked up her new characteristics from the donor, a 59-year-old man who died from an aneurysm. Now, not only has her personality changed, the single mother also claims that her tastes in literature have taken a dramatic turn. Whereas she only used to read low-brow novels, Dostoevsky has become her author of choice since the transplant. [Ms] Johnson, from Penwortham, in Preston, Lancs, said: "You pick up your characteristics from your donor. My son said when I first had the transplant, I went stroppy and snappy - that wasn't me. I have always loved books but I've started to read classics like Jane Austen and Dostoevsky. I found myself reading Persuasion."


President weakens espionage oversight
2008-03-14, Boston Globe
http://www.boston.com/news/nation/washington/articles/2008/03/14/president_we...

Almost 32 years to the day after President Ford created an independent Intelligence Oversight Board made up of private citizens with top-level clearances to ferret out illegal spying activities, President Bush issued an executive order that stripped the board of much of its authority. The White House did not say why it was necessary to change the rules governing the board when it issued Bush's order [on February 29]. But critics say Bush's order is consistent with a pattern of steps by the administration that have systematically scaled back Watergate-era intelligence reforms. "It's quite clear that the Bush administration officials who were around in the 1970s are settling old scores now," said Tim Sparapani, senior legislative counsel to the American Civil Liberties Union. "Here they are even preventing oversight within the executive branch. They have closed the books on the post-Watergate era." Ford created the board following a 1975-76 investigation by Congress into domestic spying, assassination operations, and other abuses by intelligence agencies. The probe prompted fierce battles between Congress and the Ford administration, whose top officials included Dick Cheney, Donald Rumsfeld, and the current president's father, George H. W. Bush. Some analysts said the order is just the latest example of actions the administration has taken since the 2001 terrorist attacks that have scaled back intelligence reforms enacted in the 1970s. Frederick A. O. Schwarz Jr., the former chief counsel to the Senate committee that undertook the 1975-76 investigation into intelligence abuses, said "It's profoundly disappointing if you understand American history, and it's profoundly harmful to the United States."

Note: For many key articles on government secrecy, click here.


FBI Found to Misuse Security Letters
2008-03-14, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/13/AR20080313022...

The FBI has increasingly used administrative orders to obtain the personal records of U.S. citizens rather than foreigners implicated in terrorism or counterintelligence investigations, and at least once it relied on such orders to obtain records that a special intelligence-gathering court had deemed protected by the First Amendment, according to two government audits released yesterday. The episode was outlined in a Justice Department report that concluded the FBI had abused its intelligence-gathering privileges by issuing inadequately documented "national security letters" from 2003 to 2006. The report makes it clear that the abuses persisted in 2006 and disclosed that 60 percent of the nearly 50,000 security letters issued that year by the FBI targeted Americans. Because U.S. citizens enjoy constitutional protections against unreasonable searches and seizures, judicial warrants are ordinarily required for government surveillance. But national security letters are approved only by FBI officials and are not subject to judicial approval; they routinely demand certain types of personal data, such as telephone, e-mail and financial records, while barring the recipient from disclosing that the information was requested or supplied. "The fact that these are being used against U.S. citizens, and being used so aggressively, should call into question the claim that these powers are about terrorists and not just about collecting information on all kinds of people," said Jameel Jaffer, national security director at the American Civil Liberties Union. "They're basically using national security letters to evade legal requirements that would be enforced if there were judicial oversight."

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


Ozone Rules Weakened at Bush's Behest
2008-03-14, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/13/AR20080313041...

The Environmental Protection Agency weakened one part of its new limits on smog-forming ozone after an unusual last-minute intervention by President Bush, according to documents released by the EPA. EPA officials initially tried to set a lower seasonal limit on ozone to protect wildlife, parks and farmland, as required under the law. Bush overruled EPA officials and on Tuesday ordered the agency to increase the limit, according to the documents. "It is unprecedented and an unlawful act of political interference for the president personally to override a decision that the Clean Air Act leaves exclusively to EPA's expert scientific judgment," said John Walke, clean-air director for the Natural Resources Defense Council. The president's order prompted a scramble by administration officials to rewrite the regulations to avoid a conflict with past EPA statements on the harm caused by ozone. Solicitor General Paul D. Clement warned administration officials ... that the rules contradicted the EPA's past submissions to the Supreme Court, according to sources familiar with the conversation. As a consequence, administration lawyers hustled to craft new legal justifications for the weakened standard. The dispute involved one of two distinct parts of the EPA's ozone restrictions: the "public welfare" standard, which is designed to protect against long-term harm from high ozone levels. The other part is known as the "public health" standard, which sets a legal limit on how high ozone levels can be at any one time. The two standards were set at the same level Wednesday, but until Bush asked for a change, the EPA had planned to set the "public welfare" standard at a lower level.

Note: For a treasure trove of reports from reliable, verifiable sources on government corruption, click here.


Katrina contractor has reaped millions
2008-03-14, Los Angeles Times/Associated Press
http://www.latimes.com/news/nationworld/nation/la-na-katrina14mar14,1,4559085...

Two and a half years after Hurricane Katrina, tens of thousands of homeowners are still waiting for their government rebuilding checks, and many complain they can't even get their calls returned. But the company that holds the contract to distribute the aid is doing quite well. ICF International of Fairfax, Va., has posted strong profits, gone public, landed additional multimillion-dollar government contracts -- and recently secured a potentially big raise from the state of Louisiana. In the waning days of Democratic Gov. Kathleen Babineaux Blanco's administration, state officials increased the management contract ceiling from $756 million to $912 million -- this, after the Legislature wanted to fire ICF over its handling of the homeowner recovery program, called Road Home. "It is outrageous that ICF couldn't do the job for more than $750 million and that they were given a pay raise after their history of disappointing service," Blanco's successor, Republican Gov. Bobby Jindal, said in an e-mail Thursday. Displaced residents expressed anger. Road Home was created in June 2006 as a state-run, federally funded plan to compensate homeowners for the breach of New Orleans' government-run levees. Homeowners can apply for grants to repair their homes or to obtain buyouts if they don't want to fix things up. As of last month, 56,000 applicants -- nearly 40% of the qualified total -- had yet to receive a cent. Plagued by cost overruns and delays, Road Home is expected to cost federal taxpayers $10 billion and has become a glaring symbol of frustration in post-Katrina New Orleans.

Note: For many more revealing reports on the aftermath of Hurricane Katrina, click here.


EPA Closure of Libraries Faulted For Curbing Access to Key Data
2008-03-14, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/13/AR20080313036...

A plan by the Environmental Protection Agency to close several of its 26 research libraries did not fully account for the impact on government staffers and the public, who rely on the libraries for hard-to-find environmental data, congressional investigators reported yesterday. The report by the Government Accountability Office found that the EPA effort, begun in 2006 to comply with a $2 million funding cut sought by the White House, ... hurt access to materials and services in the 37-year-old library network. Rep. Bart Gordon (D-Tenn.), chairman of the House Science and Technology Committee, said the report reveals a "grim picture" of mismanagement at the EPA. The libraries provide technical information and documentation for enforcement cases and help EPA staff members track new environmental technologies and the health risks associated with dangerous chemicals. They also are repositories of scientific information that is used to back up the agency's positions on new regulations and environmental reports and data that are tapped by people such as developers and state and local officials. The collections include hard-to-find copies of documents on federal Superfund hazardous waste sites, water-quality data and the health of regional ecosystems. Under the plan, EPA closed physical access to three regional office libraries in Chicago, Kansas City and Dallas, and to the headquarters library and the Chemical Library in Washington. Operating hours were reduced at libraries in Seattle, San Francisco, New York and Boston. Investigators noted that users of the Chemical Library -- which served EPA scientists who review industry requests to sell new chemicals -- did not learn of the facility's closure until after it occurred.

Note: For many key articles on government secrecy, click here.


Powering the Future
2008-03-13, Newsweek Magazine
http://www.newsweek.com/id/123021

Chances are you've heard of hybrids and biofuels, but what about oil-producing yeast and turbinelike buoys that transform ocean waves into electricity? Those are just a couple of the alternative-energy sources that may power the future according to Fred Krupp, president of the Environmental Defense Fund and coauthor, with Miriam Horn, of the new book Earth: The Sequel (Norton). "Everyone knows the current story of melting glaciers, rising sea levels, worsening hurricanes, dying coral reefs," said Krupp. "'The Sequel' is the story of what happens next." Newsweek's Katie Paul talked with Krupp about ... the next industrial revolution. Newsweek: You seem to be a big fan of solar energy. Why do you think there's so much promise to it? Fred Krupp: We have two chapters on solar energy at the beginning of the book because we think there's tremendous potential there. Every hour, the sun provides the earth with as much energy as all of human civilization uses in an entire year. So, if you could capture just 10 percent of it on a ... 100-mile square piece of land, you could power the entire United States. With solar thermal energy, capturing heat instead of immediately going to electricity, one advantage is that you can store hot water much more cheaply than you can store electricity. There is tremendous potential there, even before advanced batteries are developed, and reason to think solar energy can compete. [Newsweek:] And besides solar? How are they addressing some of the negatives associated with biofuels? [Krupp:] I think we've come to understand that the current generation of biofuels has problems and that we need a whole new generation.

Note: For more exciting reports from major media sources on new energy technologies, click here.


A Bailout. For Everyone.
2008-03-12, Washington Post
http://www.washingtonpost.com/wp-dyn/content/story/2008/03/11/ST2008031103060...

Last week, it was a $200 billion cash-for-bond swap for the banks. This week, it was a $200 billion bond-for-bond swap for the big investment houses. If they keep this up, pretty soon you'll be able to walk into any Federal Reserve bank and hock that diamond brooch you inherited from Aunt Mildred. Forget all that nonsense about the Bernanke Fed being too timid or behind the curve. In the face of what is turning into the most serious financial market crisis since the Great Depression, the Fed has been more aggressive and more creative in using its limitless balance sheet -- in effect, its ability to print money -- than at any time in history. We can argue till the cows come home about whether this is a bailout for Wall Street. It is -- but only to the extent that it is also a bailout for all of us, meant to prevent a financial and economic meltdown that drags everyone down with it. In broad strokes, we're going through a massive "de-leveraging" of the economy, wringing out trillions of dollars of debt that had artificially driven up the price of real estate and financial assets, and, more generally, allowed Americans to live beyond their means. Fed officials warn that this de-leveraging is nowhere near finished. It's anyone's guess how long this credit crunch will last, but the chances are that we'll have several more market meltdowns and Fed rescues before it's over, probably in the fall. Until then, the dollar will continue to get hammered and stocks will continue their fitful decline. And if the last two financially induced recessions are any guide, it will be well into 2009 before the economy hits bottom, followed by a couple of years of slow growth and "jobless" recovery.

Note: The title of this article is quite revealing. A bailout for the big banks is considered to be a bailout for everyone. If you believe this, we most highly encourage you to read our powerful two-page summary of the banking cover-up available here.


Dolphin rescues stranded whales
2008-03-12, CNN/Associated Press
http://edition.cnn.com/2008/WORLD/asiapcf/03/12/nz.whales.ap/

A dolphin swam up to two distressed whales that appeared headed for death in a beach stranding in New Zealand and guided them to safety, witnesses said. The actions of the bottlenose dolphin -- named Moko by residents who said it spends much of its time swimming playfully with humans at the beach -- amazed would-be rescuers and an expert who said they were evidence of the species' friendly nature. The two pygmy sperm whales, a mother and her calf, were found stranded on Mahia Beach, about 500 kilometers (300 miles) northeast of the capital of Wellington, said Conservation Department worker Malcolm Smith. Rescuers worked for more than one hour to get the whales back into the water, only to see them strand themselves four times on a sandbar slightly out to sea. It looked likely the whales would have to be euthanized to prevent them suffering a prolonged death, Smith said. "They kept getting disorientated and stranding again," said Smith, who was among the rescuers. "They obviously couldn't find their way back past (the sandbar) to the sea." Along came Moko, who approached the whales and led them 200 meters (yards) along the beach and through a channel out to the open sea. "Moko just came flying through the water and pushed in between us and the whales," Juanita Symes, another rescuer, told The Associated Press. "She got them to head toward the hill, where the channel is. It was an amazing experience. The best day of my life." Smith speculated that Moko responded after hearing the whales' distress calls. "They had arched their backs and were calling to one another, but as soon as the dolphin turned up they submerged into the water and followed her."

Note: To watch a video featuring Moko's rescue of the whales, click here.


Ashcroft Defends Contract That U.S. Steered to Him
2008-03-12, Washington Post
http://www.nytimes.com/2008/03/12/washington/12ashcroft.html

Former Attorney General John Ashcroft responded angrily Tuesday to Congressional Democrats who suggested that a no-bid private contract directed to him by the Justice Department last year amounted to a “back-room sweetheart deal” worth tens of millions of dollars to his consulting firm. “There is not a conflict; there is not an appearance of a conflict,” Mr. Ashcroft said at a hearing of a House Judiciary subcommittee exploring the circumstances of the contract. He repeatedly tried to talk over the panel’s Democratic chairwoman, Representative Linda T. Sánchez of California, who offered the severest questioning. Mr. Ashcroft stepped down from the Justice Department three years ago and now runs a Washington consulting and lobbying firm that bears his name. Ms. Sánchez opened the hearing by suggesting the appearance of a conflict of interest in the department’s decision last year to steer a monitoring contract worth $28 million to $52 million to Mr. Ashcroft’s firm as part of an out-of-court settlement with a medical supply company under criminal investigation. The Indiana company, Zimmer Holdings, hired the Ashcroft firm as the settlement monitor at the direction of Christopher J. Christie, the United States attorney in New Jersey, who had pursued the investigation and had worked under Mr. Ashcroft at the Justice Department. “You don’t believe that it may be a conflict of interest in a former employee hiring the former boss, or suggesting that he be hired, for a very lucrative contract?” she said of the 18-month contract, which requires Mr. Ashcroft to make sure that Zimmer complies with the terms of its settlement of kickback allegations. Ms. Sánchez described the contract as a “back-room sweetheart deal” in which “Mr. Ashcroft was selected with no public notice and no bidding.”

Note: For a treasure trove of reports from reliable, verifiable sources on government corruption, click here.


MK Ultra
2008-03-11, CBC (Canada's public broadcasting system)
https://www.cbc.ca/fifth/episodes/40-years-of-the-fifth-estate/mk-ultra

During the Cold War, the CIA funded a series of secret brainwashing experiments at a prestigious psychiatric clinic. No method was too bizarre, including using LSD, hypnosis, prolonged periods of induced sleep, and electrical shocks to the brain. Patients were given the treatment without explanation or consent, and even decades later complained that they had never completely recovered. Bob Logie was admitted to Allen Memorial hospital at age 18 to treat psychosomatic leg pain. He was repeatedly given LSD as a test subject without his consent, [and was] exposed to massive doses of electroshock therapy and kept asleep for up to a month at a time. Tape messages were played repeatedly while he slept. Logie said the effect of the treatments stayed with him. No one knows how many patients were exposed to the program of chemical and electro-shock treatments. But documents and testimony have revealed that the Montreal experiments were part of a series of psychological projects given code names such as MK Ultra and run by the CIA in a quest to understand how to brainwash people. Many years passed before there was any public or official acknowledgment of what patients at Allen Memorial had been through. [In 1998] the CIA agreed to pay some of the patients an out of court settlement of $750 thousand. It emerged that during that time Ottawa helped suppress evidence that CIA officials had apologized to the Canadian government when the CIA experiments were first revealed.

Note: Watch the complete Fifth Estate report at the link above. The Canadian government has been actively attempting to silence victims of this program for over forty years. Read more on the court cases stemming from Dr Ewen Cameron's CIA-funded experiments in this Times of London article. Read also an excellent summary on the involvement of doctors in the CIA's brainwashing experiments. For more along these lines, see concise summaries of deeply revealing mind control news articles from reliable major media sources.


Derivatives the new 'ticking bomb'
2008-03-10, MarketWatch (Part of the Wall Street Journal's digital network)
http://www.marketwatch.com/story/derivatives-are-the-new-ticking-time-bomb

"In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." That warning was in [Warren] Buffett's 2002 letter to Berkshire shareholders. He saw a future that many others chose to ignore. Wall Street didn't listen to Buffett. Derivatives grew into a massive bubble, from about $100 trillion to $516 trillion by 2007. Despite Buffett's clear warnings, a massive new derivatives bubble is driving the domestic and global economies, a bubble that continues growing today parallel with the subprime-credit meltdown triggering a bear-recession. Data on the five-fold growth of derivatives to $516 trillion in five years comes from the most recent survey by the Bank of International Settlements, the world's clearinghouse for central banks in Basel, Switzerland. Keep in mind that while the $516 trillion "notional" value (maximum in case of a meltdown) of the deals is a good measure of the market's size, the 2007 BIS study notes that the $11 trillion "gross market values provides a more accurate measure of the scale of financial risk transfer taking place in derivatives markets." The fact is, derivatives have become the world's biggest "black market," exceeding the illicit traffic in stuff like arms, drugs, alcohol, gambling, cigarettes, stolen art and pirated movies. Why? Because like all black markets, derivatives are a perfect way of getting rich while avoiding taxes and government regulations. And in today's slowdown, plus a volatile global market, Wall Street knows derivatives remain a lucrative business.

Note: $516 trillion is equivalent to $75,000 for every man, woman, and child in the world! Do you think the financial industry is out of control? For lots more powerful, reliable information on major banking manipulations, click here. For a powerful analysis describing just how crazy things have gotten and giving some rays of hope by researcher David Wilcock, click here.


Case Study: Autism and Vaccines
2008-03-10, Time
http://content.time.com/time/health/article/0,8599,1721109,00.html

What happened to little, red-haired Hannah Poling is hardly unique in the world of autism. She had an uneventful birth. And then, right after receiving a bunch of vaccines, she fell ill. Hannah, now 9, recovered from her acute illness but she lost her words, her eye contact and, in a matter of months, began exhibiting the repetitive behaviors and social withdrawal that typify autism. Parents of kids like Hannah have been fingering vaccines - and, in particular, the mercury-based vaccine preservative thimerosal - as a cause of autism for over a decade, but researchers have repeatedly failed to find a link. What's unique about Hannah's case is that for the first time federal authorities have conceded a connection between her autistic symptoms and the vaccines she received, though the connection is by no means simple. A panel of medical evaluators at the Department of Health and Human Services concluded that Hannah had been injured by vaccines - and recommended that her family be compensated for the injuries. The panel said that Hannah had an underlying cellular disorder that was aggravated by the vaccines, causing brain damage with features of autism spectrum disorder (ASD).

Note: CBS reported that the Poling family eventually received $1.5 million in compensation for the autism caused by vaccines. For more along these lines, see concise summaries of deeply revealing vaccine controversy from reliable major media sources.


AP Probe Finds Drugs in Drinking Water
2008-03-09, Associated Press
http://edition.cnn.com/2008/HEALTH/03/10/pharma.water1.ap

A vast array of pharmaceuticals — including antibiotics, anti-convulsants, mood stabilizers and sex hormones — have been found in the drinking water supplies of at least 41 million Americans, an Associated Press investigation shows. To be sure, the concentrations of these pharmaceuticals are tiny, measured in quantities of parts per billion or trillion, far below the levels of a medical dose. But the presence of so many prescription drugs ... in so much of our drinking water is heightening worries among scientists of long-term consequences to human health. In the course of a five-month inquiry, the AP discovered that drugs have been detected in the drinking water supplies of 24 major metropolitan areas — from Southern California to Northern New Jersey, from Detroit to Louisville, Ky. Water providers rarely disclose results of pharmaceutical screenings, unless pressed, the AP found. How do the drugs get into the water? People take pills. Their bodies absorb some of the medication, but the rest of it passes through and is flushed down the toilet. The wastewater is treated before it is discharged into reservoirs, rivers or lakes. Then, some of the water is cleansed again at drinking water treatment plants and piped to consumers. But most treatments do not remove all drug residue. And while researchers do not yet understand the exact risks from decades of persistent exposure to random combinations of low levels of pharmaceuticals, recent studies — which have gone virtually unnoticed by the general public — have found alarming effects on human cells and wildlife. "We recognize it is a growing concern and we're taking it very seriously," said Benjamin H. Grumbles, assistant administrator for water at the U.S. Environmental Protection Agency.

Note: For many informative reports on health issues, click here.


9/11 Commission Chief's Ties to White House
2008-03-08, Sydney Morning Herald (Australia's leading newspaper)
http://www.smh.com.au/news/world/they-knew-but-did-nothing/2008/03/07/1204780...

The members of Mike Hurley's [9/11 Commisson investigative] team were ... alarmed by the revelations, week by week, month by month, of how close the commission's chief director, Philip Zelikow, was to Rice and others at the White House. They learned early on about Zelikow's work on the Bush transition team in 2000 and early 2001, and about how much antipathy there was between him and ["Counterterrorism Czar"] Richard Clarke. They heard the stories about Zelikow's role in developing the "pre-emptive war" strategy at the White House in 2002. Zelikow's friendships with Rice and others were a particular problem for Warren Bass, since Rice and Clarke were at the heart of his part of the investigation. It was clear to some members of team that they could not have an open discussion in front of Zelikow about Rice and her performance as National Security Adviser. For Hurley's team, there was a reverse problem with Clarke. It was easy to talk about Clarke in Zelikow's presence, as long as the conversation centred on Clarke's failings at the NSC and his purported dishonesty. Long before Bass had seen Clarke's files, Zelikow made it clear to the team's investigators that Clarke should not be believed, that his testimony would be suspect. He argued that Clarke was a braggart who would try to rewrite history to justify his errors and slander his enemies, Rice in particular.

Note: This critique of the close ties to the White House of Philip Zelikow, Executive Director of the 9/11 Commission, is an excerpt from Philip Shenon's new book, The Commission: The Uncensored History of the 9/11 Investigation. For an even deeper analysis of the Commission's failings, read WantToKnow.info team member David Ray Griffin's book, The 9/11 Commission Report: Omissions and Distortions.


Homeschoolers' setback sends shock waves through state
2008-03-07, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2008/03/07/MNJ...

A California appeals court ruling clamping down on homeschooling by parents without teaching credentials sent shock waves across the state this week, leaving an estimated 166,000 children as possible truants and their parents at risk of prosecution. The homeschooling movement never saw the case coming. "At first, there was a sense of, 'No way,' " said homeschool parent Loren Mavromati, a resident of Redondo Beach (Los Angeles County) who is active with a homeschool association. "Then there was a little bit of fear. I think it has moved now into indignation." The ruling arose from a child welfare dispute between the Los Angeles County Department of Children and Family Services and Philip and Mary Long of Lynwood, who have been homeschooling their eight children. Mary Long is their teacher, but holds no teaching credential. The parents said they also enrolled their children in Sunland Christian School, a private religious academy in Sylmar (Los Angeles County), which considers the Long children part of its independent study program and visits the home about four times a year. The Second District Court of Appeal ruled that California law requires parents to send their children to full-time public or private schools or have them taught by credentialed tutors at home. "California courts have held that ... parents do not have a constitutional right to homeschool their children," Justice H. Walter Croskey said in the 3-0 ruling issued on Feb. 28. "A primary purpose of the educational system is to train school children in good citizenship, patriotism and loyalty to the state and the nation," the judge wrote, quoting from a 1961 case on a similar issue.

Note: To support the ability of parents to teach their children at home and sign a petition with already over 100,000 signatories, click here.


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