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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.


Explosive Controversy Heats Up
2006-12-14, CBS News, Sacramento Affiliate
http://cbs13.com/topstories/local_story_348215850.html

There's an explosion planned at [a] test site in the Central Valley, and residents fear it could launch radioactive material into their air. Now there's a fight to stop those planned tests at Site 300, just outside of Tracy near the Lawrence Livermore Lab. The Lawrence Livermore Lab has been setting off 60 to 80 blasts a year; most have been small, but next year two larger 300-pound explosions are planned using depleted uranium. For Tracy shoe shop owner Bob Sarvey, that means the potential of a radioactive release. Sarvey showed CBS13 the risk assessment from the local government and says someone must be worried to have added a cancer risk footnote, and that's before any review of potential radioactivity.

Note: For an ABC report on the dangers of depleted uranium, click here. For a CBC (One of Canada's top TV stations) report which goes much deeper, click here. Why are they exploding this dangerous, radioactive material into the air just outside of the San Francisco area?


Got $2,200? In this world, you're rich
2006-12-13, MSN
http://articles.moneycentral.msn.com/News/StudyRevealsOverwhelmingWealthGap.aspx

A global study reveals an overwhelming wealth gap, with the world's three richest people having more money than the poorest 48 nations combined. The richest 2% of the world's population owns more than half of the world's household wealth. For the first time, personal wealth -- not income -- has been measured around the world. The findings may be surprising, for what makes people "wealthy" across the world spectrum is a relatively low bar. The research indicates that assets of just $2,200 per adult place a household in the top half of the world's wealthiest. To be among the richest 10% of adults in the world, just $61,000 in assets is needed. If you have more than $500,000, you're part of the richest 1%, the United Nations study says. If it takes just a couple of thousand dollars to qualify as rich in this world, imagine what it means to be poor. Half the world, nearly 3 billion people, live on less than $2 a day. The three richest people in the world –- Microsoft Chairman Bill Gates, investor Warren Buffett and Mexican telecom mogul Carlos Slim Helú -- have more money than the poorest 48 nations combined.

Note: For key reports from reliable sources on income inequality, click here.


Fiscal mess awaits new defense chief: 'Worst-managed' federal agency
2006-12-13, San Francisco Chronicle (San Francisco's leading newspaper)
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/12/13/MNG96MUHPF1.DTL

Robert Gates will face ... the enormous task of cleaning up the Pentagon's tangled finances, which outside auditors lambaste as so chaotic that no one knows how much money is being spent on defense at any given time. The White House's Office of Management and Budget believes the Pentagon's financial management systems are in such a mess "that independent auditors still cannot certify the accuracy of the financial statements." David Walker, the U.S. Comptroller General, issued a devastating assessment of the Pentagon's finances, which include an annual budget of over $500 billion. The Pentagon's financial problems "are pervasive, complex, long-standing and deeply rooted in virtually all business operations throughout the department," Walker told the Senate Armed Services Committee. Financial problems like the Pentagon's "would put any civilian company out of business," said Kwai Chan, a former GAO auditor ... and author of a report entitled "Financial Management in the Department of Defense: No One is Accountable." Winslow Wheeler, a former national security expert for the Senate Budget Committee, called the Defense Department "the worst-managed agency in the federal government, (that) can't account for the half-trillion dollars it spends each year, and seeks to produce weapons that are irrelevant or ineffective, or both."

Note: For major media articles showing that more than $1 trillion of taxpayers money have gone missing at the Pentagon, click here. For the deeper reasons behind this, a top U.S. general's explanation is available here.


Does Israel have the bomb or not? Olmert: Yes, we do.
2006-12-13, San Francisco Chronicle (San Francisco's leading newspaper)
http://sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=15archive/&entry_id=11779

For decades, Israel coyly has refused to confirm or deny what, since 1986, the whole world has known for sure: that is that the Jewish state is the one country in the Middle East that has a well-developed, nuclear arsenal. It was 20 years ago that Mordechai Vanunu, a former technician at Israel's Dimona nuclear facility in the Negev Desert, informed Britain's Sunday Times about the weapons program, leading "defense analysts to rank the country as the [world's] sixth largest nuclear power." Vanunu was jailed for 18 years for revealing state secrets. Israel calls its refusal to deny or confirm the existence of its nuclear arms its "nuclear ambiguity" policy. Why? Explains the Times (U.K.): "For many years, Israel was the only country outside the five declared nuclear powers to have built an atomic weapon ... It wanted its enemies in the region to know that it had nuclear capability if threatened. But it also wanted to keep the existence secret so that it did not fall [a]foul of international action designed to halt the proliferation of nuclear weapons, particularly strict U.S. laws which could have jeopardized billions of dollars in annual aid." The Jerusalem Post notes that "Nuclear ambiguity was a comfortable arrangement for both Israeli and U.S. administrations, designed to allow Israel to get on with whatever it was doing ... without too much international pressure, and [to allow] the U.S. to not seem too hypocritical by not demanding its Middle East ally sign the [Non-proliferation Treaty]. Ambiguity might have worked for four decades, but ... it is now hopelessly outdated."

Note: The media has been quite reluctant to discuss these issues openly. Could it be they fear people might question the amount of U.S. aid? Israel's population is 6.5 million. Official U.S. yearly foreign aid to Israel has been about $2.5 to 3.0 billion for many years. If you do the math, U.S. taxpayers are giving every man, woman, and child in Israel about $400/year -- over ten times the per capita rate paid to any other country. That's quite a yearly gift! A Christian Science Monitor article says if all forms of aid are considered, the figures are even higher.


New Publishing Rules Restrict Scientists
2006-12-13, CBS News/Associated Press
http://www.cbsnews.com/stories/2006/12/13/ap/tech/mainD8M075VO0.shtml

The Bush administration is clamping down on scientists at the U.S. Geological Survey, the latest agency subjected to controls on research that might go against official policy. New rules require screening of all facts and interpretations by agency scientists who study everything from caribou mating to global warming. The rules apply to all scientific papers and other public documents, even minor reports or prepared talks. Some agency scientists, who until now have felt free from any political interference, worry that the objectivity of their work could be compromised. The new requirements state that the USGS's communications office must be "alerted about information products containing high-visibility topics or topics of a policy-sensitive nature." The agency's director, Mark Myers, and its communications office also must be told -- prior to any submission for publication -- "of findings or data that may be especially newsworthy, have an impact on government policy, or contradict previous public understanding." In 2002, the USGS was forced to reverse course after warning that oil and gas drilling in Alaska's Arctic National Wildlife Refuge would harm the Porcupine caribou herd. One week later a new report followed, this time saying the caribou would not be affected.


Administration asks to keep Cheney logs secret
2006-12-13, MSNBC News/Associated Press
http://www.msnbc.msn.com/id/16194747

The Bush administration asked an appeals court Wednesday to overrule a federal judge and allow the White House to keep secret any records of visitors to Vice President Dick Cheney's residence and office. To make the visitor records public would be an "unprecedented intrusion into the daily operations of the vice presidency," the Justice Department argued in a 57-page brief to the U.S. Court of Appeals in the District of Columbia. Congress has excluded presidential and vice presidential records from the public's reach — making the visitor logs untouchable, the government said. "There is thus no dispute that, for example, appointment calendars maintained by the office of the vice president, revealing the identities of visitors and the time of their visits, would not be subject to disclosure," the Justice Department said in its response. A lawsuit over similar records revealed in September that Republican activists Grover Norquist and Ralph Reed — key figures in the Jack Abramoff lobbying scandal — landed more than 100 meetings inside the Bush White House.

Note: While lobbyists are required to register for Congress, the public is not allowed to know who is lobbying the two most powerful political representatives of the nation. What kind democracy is this?


Stockton Engineer Creates Energy Saving Device
2006-12-13, CBS News, Stockton Affiliate
http://cbs13.com/local/local_story_347191740.html

Chuck Larue may be the man who drastically cuts your electricity bill. For fourteen years, Chuck and his partner have quietly been inventing a little micro controller called the "Plug Power Saver." He claims it works on all electric motors from your air conditioner to refrigerators, washing machines to whole house fans. He rigged a one-third horsepower motor to show us the savings. Without the controller, “It's drawing 171 to 180 watts." Plug in the Power Saver and, “It's trying to find the most optimum levels of power consumption. It actually has a microprocessor in here." After a few seconds, the motor is running strong but using half the electricity. And if you know anything about electricity, you know this motor running normally should be warm to the touch, it isn’t. That seems to show no extra electricity is being lost as heat. John Lander: This looks already to sell. Chuck Larue: Yeah it is, it's ready to go. John Lander: How much? Chuck Larue: $49.95. So you'd pay for the Power Saver in under a year. Chuck says he has 10,000 of these devices headed here from a manufacturing plant in Korea. Now all he has to do is find a retailer willing to sell it. Chuck says he has tried to interest the Governor and the utilities commission to sponsor his invention, but no one has called him back.


Vehicle mileage estimates get real
2006-12-12, Los Angeles Times
http://www.latimes.com/business/la-fi-fuel12dec12,0,1026595.story

That 55-mile-per-gallon hybrid car you've been eyeing may end up being a 44-mpg hybrid. The federal Environmental Protection Agency announced a new system Monday for evaluating fuel economy that will lower mileage estimates for most vehicles. On average, vehicles rated under the 2008 method will post a 12% drop in city gasoline mileage and an 8% decline in highway mileage. With the new testing requirements, the EPA is attempting to come up with estimates that more closely reflect the real-world mileage motorists can expect when they purchase a vehicle. Under the current system ... actual mileage is often far lower than the posted EPA ratings. Hybrids will be hit harder because the new test eliminates some of the all-electric driving that helped them produce impressive results. A recent study ... found that the average mileage for passenger cars and light trucks was about 14% less than EPA estimates. The mileage for gas-electric hybrids probably will be 20% to 30% lower than present estimates for city driving and 10% to 20% lower on the highway. These vehicles quickly lose their all-electric advantage when operated in cold weather or quickly accelerated. The new EPA mileage estimates won't harm automakers' ability to meet federal rules requiring an industrywide average fuel economy of 27.5 miles per gallon for cars and 21 mpg for sport utility vehicles, pickup trucks and vans.

Note: The government could easily mandate higher gas mileage, but has not significantly raised the bar in almost 20 years. Why? The current average mileage for all cars is less than the mileage of the 1908 Model T. With all of the incredibly technological advances in other fields, how is this possible? For more on this vital topic, click here and here. Toyota came out with a hybrid that got 100 mpg in 2002. For what happened to it, click here. And to learn how a Toyota Prius can be converted to get 100 miles per gallon, click here.


Wi-fi: should we be worried?
2006-12-11, The Times (One of the UK's leading newspapers)
http://www.timesonline.co.uk/tol/life_and_style/health/features/article665419...

Wireless networks — known as wi-fi or wLAN (wireless local area network) — are increasingly used in schools, offices and other public places to connect computers and laptops to the internet using radiofrequency transmitters with no need for complex cabling. In future, whole town centres will be transformed into wi-fi “hot spots.” It has taken the public a while to wake up to the idea that wireless transmitters could be less than benign. The groundswell of concern is mounting, with some people blaming everything from headaches to cancer on exposure to radio-frequency fields. A number of schools have dismantled their wireless networks after lobbying from worried parents, and others are under pressure to follow suit. In Austria the public health department of Salzburg has advised schools and kindergartens not to use wLAN or cordless phones. Lakehead University in Ontario, Canada, which has 7,400 students, has removed wi-fi because of what its Vice-Chancellor, Dr Fred Gilbert, calls “the weight of evidence demonstrating behavioural effects and physiological impacts at the tissue, cellular and cell level”. Some experts have also expressed concerns. In September, 30 scientists from all over the world signed a resolution calling for a “full and independent review of the scientific evidence that points to hazards from current electromagnetic field exposure conditions worldwide.”

Note: For many highly important articles from reliable sources on major health issues, click here.


Has Politics Contaminated the Food Supply?
2006-12-11, New York Times
http://www.nytimes.com/2006/12/11/opinion/11schlosser.html?ex=1323493200&en=4...

One hundred years ago, companies were free to follow their own rules. The publication of Upton Sinclair’s novel “The Jungle” in 1906 — with its descriptions of rat-infested slaughterhouses and rancid meat — created public outrage over food safety. Even though the book was written by a socialist agitator, a Republican president, Theodore Roosevelt, eagerly read it. After confirming Sinclair’s claims, Roosevelt battled the drug companies, the big food processors and the meatpacking companies to protect American consumers from irresponsible corporate behavior. Over the past 40 years, the industrialization and centralization of our food system has greatly magnified the potential for big outbreaks. As a result, a little contamination can go a long way. The Taco Bell distribution center in New Jersey now being investigated as a possible source of E. coli supplies more than 1,100 restaurants in the Northeast. Since 2000, the fast-food and meatpacking industries have given about four-fifths of their political donations to Republican candidates for national office. In return, these industries have effectively been given control of the agencies created to regulate them. The current chief of staff at the Agriculture Department used to be the beef industry’s chief lobbyist. The person who headed the Food and Drug Administration until recently used to be an executive at the National Food Processors Association. Cutbacks in staff and budgets have reduced the number of food-safety inspections conducted by the F.D.A. to about 3,400 a year — from 35,000 in the 1970s.

Note: If you care about the health of our nation's food supply, write your political and media representatives encouraging the passage of the Safe Food Act mentioned in this article, which by the way, was written by the author of the most excellent book, Fast Food America.


Kucinich Plans Another Presidential Bid
2006-12-11, CBS News/Associated Press
http://www.cbsnews.com/stories/2006/12/11/politics/main2248157.shtml

Democratic Rep. Dennis Kucinich, who unsuccessfully ran for president in 2004, said Monday he is planning another bid because his party isn't pushing hard enough to end the Iraq war. The liberal, anti-war Ohio congressman said he was inspired to run because he disagrees with the way some of his fellow Democrats are handling the war, including approval of a proposal to spend $160 billion more on the conflict. "Democrats were swept into power on Nov. 7 because of widespread voter discontent with the war in Iraq," said Kucinich, 60. "Instead of heeding those concerns and responding with a strong and immediate change in policies and direction, the Democratic congressional leadership seems inclined to continue funding the perpetuation of the war." The anti-war message was also the cornerstone of Kucinich's 2004 bid, which drew support from some Hollywood celebrities. His previous presidential proposals also have included a national peace department and a single-payer, universal health care system.

Note: Coverage of the occasional successes of Dennis Kucinich in the 2004 Democratic primary campaign were clearly suppressed. When Kucinich took second place in Hawaii with 26% of the vote, almost twice the 14% of John Edwards, most major media gave Edwards name, but didn't even mention Kucinich, saying only that a "third candidate" took second place. The media seem not to like anti-war candidates.


Nobel Winner Urges Defeat Of Poverty
2006-12-10, CBS News/Associated Press
http://www.cbsnews.com/stories/2006/12/10/world/main2244007.shtml

Economist Muhammad Yunus ... received the Nobel Peace Prize on Sunday for his efforts to relieve poverty as a cornerstone for building peace. Yunus, 66, often called the banker to the poor, shared the coveted award with his creation, Grameen Bank, for helping people, even beggars, rise above poverty by giving them microcredit — small, usually unsecured loans. The Bangladeshi economist is the developer and founder of the concept of microcredit. In his Nobel lecture Yunus said the world must overcome poverty if it ever wants to achieve peace. "We must address the root causes of terrorism to end it for all time to come. I believe that putting resources into improving the lives of the poor people is a better strategy than spending it on guns," he said. Grameen Bank, set up in 1983, was the first lender to provide microcredit, giving very small loans to poor Bangladeshis who did not qualify for loans from conventional banks. No collateral is needed, and repayment is based on an honour system, with nearly a 100 percent repayment rate. Yunus said the idea has spread around the world, with similar programmes in almost every country. "Grameen Bank gives loans to nearly seven million poor people, 97 per cent of them are women, in 73,000 villages in Bangladesh," said Yunus. Villagers, many of whom have benefited from Grameen Bank's small-loan programs [watched the Nobel ceremony] in groups at local shops. "We are so happy, wish we could all have gone there," said Samida Begum, talking by telephone from Kelia village. Begum runs a phone call shop started with a Grameen Bank loan almost 18 years ago. Her family also owns a poultry shop started with a loan from Grameen.

Note: If you are interested in a wonderful, empowering, secure vehicle in which to place your investments that helps to directly pull families out of poverty in a big way through microcredit and microloans, click here.


The 9/11 Truth Movement's Dangers
2006-12-10, CBS News/The Nation
http://www.cbsnews.com/stories/2006/12/08/opinion/main2242387.shtml

Tens of millions of Americans really believe their government was complicit in the murder of 3,000 of their fellow citizens. The government these Americans suspect of complicity in 9/11 has acquired a justified reputation for deception: weapons of mass destruction, secret prisons, illegal wiretapping. The Truth Movement's recent growth can be largely attributed to the Internet-distributed documentary "Loose Change." It's been viewed over the Internet millions of times. Complementing "Loose Change" are the more highbrow offerings of a handful of writers and scholars, many of whom are associated with Scholars for 9/11 Truth. Two of these academics, retired theologian David Ray Griffin and retired Brigham Young University physics professor Steven Jones, have written books and articles that serve as the movement's canon. The Truth Movement's relationship to the truth may be tenuous, but that it is a movement is no longer in doubt. For the Administration, "conspiracy" is a tremendously useful term, and can be applied even in the most seemingly bizarre conditions to declare an inquiry or criticism out of bounds. Of course, the ommission report was something of a whitewash — Bush would only be interviewed in the presence of Dick Cheney, the commission was denied access to other key witnesses, and ... a meeting convened by George Tenet the summer before the attacks to warn Condoleezza Rice about al Qaeda's plotting ... was nowhere mentioned in the report. It's hard to blame people for thinking we're not getting the whole story. For six years, the government has prevaricated and the press has largely failed to point out this simple truth.

Note: Though this article belittles the 9/11 movement, there is abundant evidence to support the claim that the 9/11 Commission was a whitewash and the attacks may have been orchestrated. For more, click here.


How to Bring Our Schools Out of the 20th Century
2006-12-10, Time Magazine
http://www.time.com/time/magazine/article/0,9171,1568480,00.html

In an age of overflowing information and proliferating media, kids need to rapidly process what's coming at them and distinguish between what's reliable and what isn't. The juniors in Bill Stroud's class are riveted by a documentary called Loose Change unspooling on a small TV screen at the Baccalaureate School for Global Education, in urban Astoria, N.Y. The film uses 9/11 footage and interviews with building engineers and Twin Towers survivors to make an oddly compelling if paranoid case that interior explosions unrelated to the impact of the airplanes brought down the World Trade Center on that fateful day. Afterward, the students--an ethnic mix of New Yorkers with their own 9/11 memories--dive into a discussion about the elusive nature of truth. Raya Harris finds the video more convincing than the official version of the facts. Marisa Reichel objects. "Because of a movie, you are going to change your beliefs?" she demands. "Just because people heard explosions doesn't mean there were explosions." Stroud has posed this question to his class on the blackboard: "If truth is difficult to prove in history, does it follow that all versions are equally acceptable?" Throughout the year, the class will examine news reports, websites, propaganda, history books, blogs, even pop songs. The goal is to teach kids to be discerning consumers of information and to research, formulate and defend their own views, says Stroud, who is founder and principal of [the] school.

Note: To view the highly engaging documentary Loose Change, click here. For more on 9/11, click here.


It's still about oil in Iraq
2006-12-08, Los Angeles Times
http://www.latimes.com/news/opinion/la-oe-juhasz8dec08,0,4717508.story

While the Bush administration, the media and nearly all the Democrats still refuse to explain the war in Iraq in terms of oil, the ever-pragmatic members of the Iraq Study Group share no such reticence. Page 1, Chapter 1 ... lays out Iraq's importance: "It has the world's second-largest known oil reserves." The report makes visible to everyone the elephant in the room: that we are fighting, killing and dying in a war for oil. Recommendation No. 63 ... calls on the U.S. to "assist Iraqi leaders to reorganize the national oil industry as a commercial enterprise." This is an echo of calls made [by] the U.S. State Department's Oil and Energy Working Group, meeting between December 2002 and April 2003. Iraq "should be opened to international oil companies as quickly as possible after the war." Its preferred method of privatization was a form of oil contract called a production-sharing agreement. These agreements are ... rejected by all the top oil producers in the Middle East because they grant greater control and more profits to the companies than the governments. For any degree of oil privatization to take place ... Iraq has to amend its constitution. Recommendation No. 26 of the Iraq Study Group calls for a review of the constitution to be "pursued on an urgent basis." Petroleum Economist magazine later reported that U.S. oil companies considered passage of the new oil law more important than increased security. Further, the Iraq Study Group would commit U.S. troops to Iraq for several more years to ... provide security for Iraq's oil infrastructure. We can thank the Iraq Study Group for making its case publicly. It is now our turn to decide if we wish to spill more blood for oil.

Note: For more on corporate complicity in fomenting war exposed by a top U.S. general, click here.


Sweeping Changes Expected in Voting by 2008 Election
2006-12-08, New York Times
http://www.nytimes.com/2006/12/08/washington/08voting.html?ex=1323234000&en=3...

By the 2008 presidential election, voters around the country are likely to see sweeping changes in how they cast their ballots and how those ballots are counted. New federal guidelines, along with legislation given a strong chance to pass in Congress next year, will probably combine to make the paperless voting machines obsolete. Motivated in part by voting problems during the midterm elections last month, the changes are a result of a growing skepticism among local and state election officials, federal legislators and the scientific community about the reliability and security of the paperless touch-screen machines used by about 30 percent of American voters. Various forms of vote-counting software used around the country ... will for the first time be inspected by federal authorities, and the code could be made public. Last year, New Mexico spent $14 million to replace its touch screens. Other states are spending millions more to retrofit the machines to add paper trails. Because some printers malfunctioned last month, election commissioners in Cuyahoga County, Ohio, which includes Cleveland, said last week that they were considering scrapping their new $17 million system of touch-screen machines. Under changes approved by the Election Assistance Commission yesterday, voting machine manufacturers would have to make their crucial software code available to federal inspectors. The code is now checked mainly by private testing laboratories paid by the manufacturers.

Note: How is it possible that the government allowed voting machine companies to keep their software secret even from the government? We may never know how many votes were manipulated. For more, click here.


Industry 'paid top cancer expert'
2006-12-08, BBC News
http://news.bbc.co.uk/1/hi/health/6220440.stm

The scientist who first linked smoking to lung cancer was [later] paid by a chemicals firm while investigating cancer risks in the industry. Professor Sir Richard Doll held a consultancy post with US firm Monsanto for more than 20 years. The BBC has seen private letters which show that Sir Richard ... received a US$1,500-a-day consultancy fee from Monsanto in the mid-1980s. During that time he investigated the potential cancer causing properties of the powerful herbicide Agent Orange, made by the company. Sir Richard [argued] that there was no evidence that Agent Orange caused cancer. Professor Lennart Hardell, of the Oncology Department at University Hospital Orebro, Sweden, has also studied the potential hazards posed by Agent Orange. He was one of the scientists whose work was dismissed by Sir Richard. He said: "It's quite OK to have contacts with industry, but you should be fair and say 'well, I'm [working] as a consultant for Monsanto." Further documents obtained by The Guardian newspaper allegedly show that Sir Richard was also paid a Ł15,000 fee by the Chemical Manufacturers Association, and chemicals companies Dow Chemicals and ICI for a review of vinyl chloride, used in plastics, which largely cleared the chemical of any link with cancers apart from liver cancer. Sir Richard's views on the chemical were used by the manufacturers' trade association to defend it for more than a decade.


Insiders' stock sale-purchase ratio widens
2006-12-07, Chicago Tribune/Bloomberg
http://www.chicagotribune.com/business/chi-0612070153dec07,0,3801935.story

Stock sales by America's corporate leaders exceeded purchases last month by the widest ratio in nearly 20 years. Executives sold $63.18 of shares for every $1 they bought in November, the largest ratio since at least January 1987. U.S. securities laws require company executives and directors to disclose stock purchases or sales within two business days. Insiders sold $8.4 billion in shares last month, according to data compiled from SEC filings. Buying was ... $133 million. The overall insider-selling amount was the fifth-highest since 1987. Selling peaked at $13.9 billion in March 2000. The data have "value for investors," said Wayne Reisner at Carret Asset Management in New York. "It's people who are very familiar with their company and their stock." Insiders executed 6.34 sales transactions for each purchase transaction in the eight weeks ended Dec. 1. That's up from 2.45 in the period ended Aug. 4 and above the ratio of 2.25 he considers neutral for the market. Microsoft ranked first among U.S. companies, with $594.2 million in sales by insiders in November. Seagate Technology and DreamWorks Animation SKG Inc. ranked second and third, at $311.8 million and $224.2 million, respectively. Google Inc. was fourth, at $182.1 million.

Note: Isn't it interesting that the NASDAQ stock index reached it's all-time high in March 2000, the exact month executive stock selling hit its record, and just prior to the huge NASDAQ crash. Is it possible that corporate executives knew something the rest of us didn't?


World's richest 1% own 40% of all wealth, UN report discovers
2006-12-06, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/money/2006/dec/06/business.internationalnews

The richest 1% of adults in the world own 40% of the planet's wealth, according to the largest study yet of wealth distribution. The report also finds that those in financial services and the internet sectors predominate among the super rich. Europe, the US and some Asia Pacific nations account for most of the extremely wealthy. More than a third live in the US. Japan accounts for 27% of the total, the UK for 6% and France for 5%. The global study - from the World Institute for Development Economics Research of the United Nations - is the first to chart wealth distribution in every country as opposed to just income, for which more comprehensive date is available. It included all the most significant components of household wealth, including financial assets and debts, land, buildings and other tangible property. Together these total $125 trillion globally. The report found the richest 10% of adults accounted for 85% of the world total of global assets. Half the world's adult population, however, owned barely 1% of global wealth. "These levels of inequality are grotesque," said Duncan Green, head of research at Oxfam. "It is impossible to justify such vast wealth when 800 million people go to bed hungry every night."

Note: For highly informative graphs showing the details of rising wealth inequality in the United States, click here.


Pentagon resists pleas for help in Afghan opium fight
2006-12-05, Los Angeles Times
http://www.latimes.com/news/nationworld/washingtondc/la-fg-afghandrugs5dec05,...

The Pentagon ... has resisted entreaties from U.S. anti-narcotics officials to play an aggressive role in the faltering campaign to curb the country's opium trade. Military units in Afghanistan largely overlook drug bazaars, rebuff some requests to take U.S. drug agents on raids and do little to counter the organized crime syndicates shipping the drug to Europe, Asia and, increasingly, the United States. Poppy cultivation has exploded, increasing by more than half this year. Afghanistan supplies about 92% of the world's opium. "It is surprising to me that we have allowed things to get to the point that they have," said ... a former top State Department counter-narcotics official. Outgoing Defense Secretary Donald H. Rumsfeld has said that Afghanistan's flourishing opium trade is a law enforcement problem, not a military one. The opium trade is one-third of the country's economy. Several dozen kingpins ... have become more brazen, richer and powerful. [They] openly run huge opium bazaars and labs that turn opium into heroin. [The] head of the United Nations Office on Drugs and Crime said ... that the location of major drug operations were "well-known to us and to the authorities." The Pentagon has balked at drug interdiction efforts even when it had the resources, said a former senior U.S. anti-drug official. "There were [drug] convoys where military people looked the other way," the former official said. "DEA would identify a lab to go hit or a storage facility and [the Pentagon] would find a reason to ground the helicopters." A recent congressional report said the DEA asked the Pentagon for airlifts on 26 occasions in 2005, and the requests were denied in all but three cases.

Note: Some observers and insiders believe the reason Afghanistan was attacked is because the Taliban had virtually stopped the opium trade in 2001. For reliable evidence supporting these allegations, click here.


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