Media ArticlesExcerpts of Key Media Articles in Major Media
Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
Edward McSweegan ... has an office in Bethesda, a job title -- health scientist administrator -- and an annual salary of about $100,000. What McSweegan says he does not have -- and has not had for the last seven years -- is any real work. He was hired by the National Institute of Allergy and Infectious Diseases in 1988, but says his bosses transferred the research grants he administered to other workers eight years later, leaving him with occasional tasks more suitable for a typist or "gofer." McSweegan used to be NIH's program officer for Lyme disease but was removed from the post in June 1995 after a dispute over his repeated criticism of a politically influential support group for sufferers and his allegations that NIH had been too accommodating of the group. He had publicly described the Lyme Disease Foundation as "wacko" because he disagreed with its theories about the disease. The dispute led to his suspension without pay for two weeks for insubordination. According to NIH, McSweegan is director of the U.S.-Indo Vaccine Action Program, and has traveled to countries such as Russia representing the agency. He has also "produced reports and other work products." But McSweegan said he has never been told he was director of the program. McSweegan said he struggles to fill his eight-hour workdays by reading, exercising and writing fiction. He has self-published a bioterrorism thriller and a science fiction novel. But he says his six-page job description is the ultimate work of creative writing and describes his position as "a bizarre, surreal situation -- part Orwell, part Kafka and part Dilbert."
A division of the pharmaceutical company Bayer sold millions of dollars of blood-clotting medicine for hemophiliacs -- medicine that carried a high risk of transmitting AIDS -- to Asia and Latin America in the mid-1980's while selling a new, safer product in the West. The Bayer unit, Cutter Biological, introduced its safer medicine in late February 1984 as evidence mounted that the earlier version was infecting hemophiliacs with H.I.V. Yet for over a year, the company continued to sell the old medicine overseas. Cutter officials were trying to avoid being stuck with large stores of a product. Yet even after it began selling the new product, the company kept making the old medicine for several months more. In Hong Kong and Taiwan alone, more than 100 hemophiliacs got H.I.V. after using Cutter's old medicine. Many have since died. Cutter also continued to sell the older product after February 1984 in Malaysia, Singapore, Indonesia, Japan and Argentina. While admitting no wrongdoing, Bayer and three other companies that made the concentrate have paid hemophiliacs about $600 million to settle more than 15 years of lawsuits accusing them of making a dangerous product. Federal regulators helped keep the overseas sales out of the public eye. The Food and Drug Administration's regulator of blood products, Dr. Harry M. Meyer Jr....asked that the issue be "quietly solved without alerting the Congress, the medical community and the public."
A 12-year veteran FBI agent is under investigation for alleged insubordination following his appearances on ABC News programs and a recent press conference in Washington, D.C., in which he criticized the bureau's efforts to combat terrorism, according to the agent's attorney. Special Agent Robert Wright ... began tracking terrorists in the Chicago area in the mid-1990s for the Terrorism Task Force. He says he soon became frustrated when he was ordered by his superiors at the FBI Intelligence Division not to make any arrests of suspected terrorists. According to Wright, he was ordered to drop his investigation into a suspected terror financier whose name had arisen during the investigation into the bombings of two American embassies in East Africa in 1998, in which at least 224 people were killed. Wright and his partner John Vincent, who has since retired from the FBI, said that the money trail uncovered in the embassy bombing probe led to, among others, a powerful Saudi Arabian businessman, Yassin Qadi, who had extensive business and financial ties in Chicago. "Two months after the embassies are hit in Africa they want to shut down the criminal investigation. They wanted to kill it," Wright said. Last year, Wright told ABC News that he had more to say about the failures of the Terrorism Task Force. "There's so much more," he said. "God, there's so much more."
Note: For other media articles giving more detailed information on Wright's allegations, click here and here. For deeply revealing reports from reliable major media sources on intelligence agency corruption, click here.
"Simply stated, there is no doubt that Saddam Hussein now has weapons of mass destruction." Vice President Dick Cheney, Aug. 26, 2002 [White House website] "Our intelligence officials estimate that Saddam Hussein had the materials to produce as much as 500 tons of sarin, mustard and VX nerve agent." President Bush, Jan. 28, 2003 [St. Petersburg Times website] "Intelligence gathered by this and other governments leaves no doubt that the Iraq regime continues to possess and conceal some of the most lethal weapons ever devised." President Bush, March 17, 2003 [White House website] "There is no doubt that the regime of Saddam Hussein possesses weapons of mass destruction. As this operation continues, those weapons will be identified, found, along with the people who have produced them and who guard them." Gen. Tommy Franks, March 22, 2003 [Washington Post] "They may have had time to destroy them, and I don't know the answer." Donald Rumsfeld, May 27, 2003 [Washington Post website]"For bureaucratic reasons, we settled on one issue, weapons of mass destruction [as justification for invading Iraq] because it was the one reason everyone could agree on." Deputy Defense Secretary Paul Wolfowitz, May 28, 2003 [CNN website]
Note: This article was published on the front page of the editorial section in the June 8, 2003 edition of the Minneapolis Star Tribune. Yet within weeks of its publication it disappeared from their website. Why have the media so avoided these most important facts? For an enlightening answer to this question, a powerful article by a highly decorated U.S. general is available here.
The Washington, D.C.-based Sierra Club is the latest environmental group to use Ford Motor Co.'s high-profile centennial party next week to pressure the automaker to boost the fuel economy of its cars and trucks. Once a fan of Ford Chairman and CEO Bill Ford Jr., the Sierra Club said Tuesday it will place ads in the New York Times and BusinessWeek magazine slamming the company's environmental record. The ads -- being published to coincide with Ford's 100th anniversary June 16 -- say Ford has failed to improve the fuel efficiency of its vehicles. After depicting technological advances in other industries, the ad says that Ford's Model T, which went 25 miles on a gallon of gasoline, was more fuel efficient than the current Ford Explorer sport-utility vehicle -- which manages just 16 miles per gallon.
Note: To understand why all of this isn't being reported in headline news around the country, click here.
Coming to you soon from the Pentagon: the diary to end all diaries — a multimedia, digital record of everywhere you go and everything you see, hear, read, say and touch. Known as LifeLog, the project has been put out for contractor bids by the Defense Advanced Research Projects Agency, or DARPA, the agency that helped build the Internet and that is now developing the next generation of [surveillance] tools. The agency ... [considers] LifeLog ... a tool to capture "one person's experience in and interactions with the world" through a camera, microphone and sensors worn by the user. Everything from heartbeats to travel to Internet chatting would be recorded. The goal is to create breakthrough software that helps analyze behavior, habits and routines, according to Pentagon documents reviewed by The Associated Press. The products of the unclassified project would be available to both the private sector and other government agencies — a concern to privacy advocates. John Pike of Global Security.org, a defense analysis group, is dubious the project has military application. "I have a much easier time understanding how Big Brother would want this than how (Defense Secretary Donald) Rumsfeld would use it," Pike said. "They have not identified a military application."
Note: For more on this at Wired, click here.
The Department of Defense, already infamous for spending $640 for a toilet seat...couldn't account for more than a trillion dollars in financial transactions, not to mention dozens of tanks, missiles and planes. The nonpartisan General Accounting Office has raised the volume of its perennial complaints about the financial woes at Defense, which recently failed its seventh audit in as many years. "Overhauling DOD's financial management operations represent a challenge that goes far beyond financial accounting," GAO chief David Walker told lawmakers. Recent government reports suggest the Pentagon's money management woes have reached astronomical proportions. A GAO report found Defense inventory systems so lax that the U.S. Army lost track of 56 airplanes, 32 tanks, and 36 Javelin missile command launch-units. When military leaders were scrambling to find enough chemical and biological warfare suits to protect U.S. troops, the department was caught selling these suits as surplus on the Internet "for pennies on the dollar," a GAO official said. "We are overhauling our financial management system," said Dov Zakheim, the Pentagon's chief financial officer. "The Pentagon has failed to address financial problems that dwarf those of Enron," said Rep. Henry Waxman, D-Los Angeles. Gregory Kutz, director of GAO's financial management division [said] "I've been to Wal-Mart. They were able to tell me how many tubes of toothpaste were in Fairfax, Va. And DOD can't find its chem-bio suits." Opposition to defense spending is portrayed as unpatriotic. Legislators are often more concerned about winning Pentagon pork than controlling defense waste.
Note: You can read the GAO Report (Page 17 on missing planes). Page two states, "To date, no major part of DOD has yet been able to pass the test of an independent audit." For an intriguing Online Journal article exposing the deep role of the Pentagon's former CFO (Chief Financial Officer) Zakheim in this corruption, click here. Why wasn't and isn't this front page headlines? Why are newspaper editors keeping this most vital information from the public?
British researchers believe that they have made a groundbreaking scientific discovery after apparently managing to "create" energy from hydrogen atoms. In results independently verified at Bristol University, a team from Gardner Watts - an environmental technology company - show a "thermal energy cell" which appears to produce hundreds of times more energy than that put into it. If the findings are correct and can be reproduced on a commercial scale, the thermal energy cell could become a feature of every home, heating water for a fraction of the cost and cutting fuel bills by at least 90 per cent. The makers of the cell, which passes an electric current through a liquid between two electrodes, admit that they cannot explain precisely how the invention works. "What we are saying is that the device seems to tap into another, previously unrecognised source of energy." The cell is the product of research into the fundamental properties of hydrogen, the most common element in the universe. Hydrogen can exist in a so-called metastable state that harbours a potential source of extra energy. [Quantum] theory suggests that if electricity were passed into a mixture of water and a chemical catalyst, the extra energy would be released in the form of heat. After some experimentation, the team found that a small amount of electricity passed through a mixture of water and potassium carbonate - potash - released an astonishing amount of energy. "It generates a lot of heat in a very small volume," said Christopher Eccles, the chief scientist at Gardner Watts. The findings of the Gardner Watts team were tested by Dr Jason Riley of Bristol University, who found energy gains of between three and 26 times what had been put in.
Note: For an abundance of reliable reports on amazing new energy developments, click here.
The number of kids in California being treated for autism doubled between 1998 and 2002, and there is still no end in sight to the growing trend, state officials reported. The report ... found that 10,360 autistic children sought services in 1998. By the end of last year the number had jumped to 20,377, a 97 percent increase, far outstripping the growth rate in population or births. Concern over rising autism rates has been growing since the late 1990s as parents, educators and pediatricians began reporting increasing numbers of affected children across the country. As many as 20 different genes are known to play a role, but it also is believed that environmental factors are at work. Steep increases have also been documented in other industrialized countries such as Japan and Israel. "California is absolutely not special," Huff said. "In fact, we're middle of the road in terms of our rates." Scientists continue to search for a cause. Theories abound, including the possibility that childhood immunizations may be involved. However, recent studies into the measles, mumps and rubella (MMR) vaccine have not shown a link. Others have suggested that environmental toxins or food additives might be the cause. Some research has focused on possible causes in the womb, including a mother's immune response to common infections that could affect the developing fetus. Researchers connected to the MIND Institute found in an initial study that high levels of certain proteins in the blood of newborns could predict which ones went on to develop autism and mental retardation.
Note: Though industry-funded studies have shown no link between autism and vaccines, there is plenty of evidence to the contrary. For reliable information on this key topic, click here.
Jerome Dobson is not joking. The University of Kansas research professor, a respected leader in the field of geographic information technologies [speculates about] "geoslavery" -- a form of technological human control that could make "George Orwell's `Big Brother' nightmare ... look amateurish." He's talking about overlords electronically punishing errant workers. He's talking about the possibility of people hooked to, tracked by, and potentially shocked or burned using inexpensive electronic bracelets, manacles or implants. Dobson worked for 26 years at Tennessee's Oak Ridge National Laboratory creating, for the government, the maps used in global tracking. He is the president of the American Geographical Society. And he is not alone in his thoughts. [In] the journal published by the Institute of Electrical and Electronics Engineers, a paper titled "Geoslavery" is co-written by Dobson and Peter F. Fisher, British editor of the International Journal of Geographical Information Science. "Human tracking systems, currently sold commercially without restrictions, already empower those who would be masters. Safeguards have not yet evolved to protect those destined to be slaves," they wrote. With a laptop computer, employers can keep track of their drivers' every move. Implanted chips ... keep track of livestock or pets. Whereify Wireless Inc. sells its GPS Kids Locator for $400. The device, which also looks like a watch, can be locked to a child's wrist. Dobson said that ... none of the companies was thinking of anything nefarious. [Yet he] worries that where there is an evil will, there is an evil way. He hopes [to ] create debate and perhaps legislation or safeguards around the technology that will keep it from being misused.
Semco, Brazil's most famous company ... made its name by standing the conventional corporate rulebook on its head. Semco doesn't have a mission statement, its own rulebook or any written policies. It doesn't have an organisation chart, a human resources department or even, these days, a headquarters. Subordinates choose their managers, decide how much they are paid and when they work. Meetings are voluntary, and two seats at board meetings are open to the first employees who turn up. Salaries are made public, and so is all the company's financial information. Six months is the farthest ahead the group ever looks. Its units each half-year decide how many people they require for the next period. Naturally it doesn't plan which businesses to enter. Instead it 'rambles' into new areas by trial, error and argument. Its current portfolio is an odd mixture of machinery, property, professional services and fledgling hi-tech spin-offs. That's right, Semco is the epitome of managerial incorrectness. Sounds like a recipe for chaos, eh? Yet Semco has surfed Brazil's rough economic and political currents with panache, often growing at between 30 and 40 per cent a year. It turns over $160 million, up from $4m when [company founder Ricardo] Semler joined the family business two decades ago, and it employs 3,000 [people]. $100,000 invested in this barmy firm 20 years ago would now be worth $5m. But conventional control attitudes are deeply programmed. Even now, laments Semler, 'we're only 50 or 60 per cent where we'd like to be'.
Note: Ricardo Semler's wonderfully subversive book, The Seven Day Weekend is available on amazon.com. Don't miss the inspiring TedTalk of this highly innovative man.
The neuroscience laboratory of Dr. Richard Davidson at the University of Wisconsin [has been] using imaging devices that show what occurs in the brain during meditation. Dr. Davidson has been able to study the effects of Buddhist practices for cultivating compassion, equanimity or mindfulness. Experiments have [shown] some practitioners can achieve a state of inner peace, even when facing extremely disturbing circumstances. Dr. Paul Ekman of the University of California at San Francisco [found] that jarring noises (one as loud as a gunshot) failed to startle the Buddhist monk he was testing. Dr. Davidson [conducted] research with people working in highly stressful jobs. These people ... were taught mindfulness, a state of alertness in which the mind does not get caught up in thoughts or sensations, but lets them come and go, much like watching a river flow by. After eight weeks, Dr. Davidson found that in these people, the parts of their brains that help to form positive emotions became increasingly active. The implications of all this are clear: the world today needs citizens and leaders who can work toward ensuring stability and engage in dialogue with the "enemy." It's worth noting that these methods are not just useful, but inexpensive. Everybody has the potential to lead a peaceful, meaningful life. Modern technology and human intelligence guided by hatred can lead to immense destruction. To respond wisely and effectively ... we would do well to remember that the war against hatred and terror can be waged on this, the internal front, too. If humanity is to survive, happiness and inner balance are crucial. We cannot neglect our inner development.
More than six years after the FBI crime laboratory was rocked by controversy, the Justice Department has identified about 3,000 criminal cases that could have been affected by flawed science and skewed testimony. Government officials told The Associated Press they are aware of between 100 and 150 cases in which prosecutors have alerted defendants of problems they concluded were material to verdicts. None has resulted in overturned convictions, they said. The identification of cases and prosecutorial reviews are the final stages of a scandal that shook the FBI during the mid-1990s when a senior chemist at the famed crime lab went public with allegations of shoddy work, tainted evidence and skewed testimony. A Justice Department internal investigation concluded in 1997 that 13 lab technicians made scientific errors in cases or slanted testimony to help prosecutors. Several were reprimanded, but none was fired or prosecuted. Some criminal defense lawyers are concerned by the Justice Department's decision to let federal, state and local prosecutors decide whether to notify defendants of problems. "That's like asking the fox to guard the hen house," said former federal prosecutor Neal Sonnett. He is past president of the National Association of Criminal Defense Lawyers. "If there is a possibility that evidence has been tainted, then the Department of Justice or prosecutors should not be the arbiter of whether it's material," Sonnett said.
Note: In 2015, the FBI admitted its scientists used flawed evidence for decades to help prosecutors wrongfully convict defendants. For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
Is the Bush White House trying to put the brakes on the congressional panel created last fall to investigate 9-11 attacks? The White House brushed off a request quietly made last week by the 9-11 Commission Chairman Tom Kean, the Republican former governor of New Jersey, to boost his budget by $11 million. The panel has until the end of May 2004 to complete its work, but it will spend the $3 million it was originally allotted by around August 2003 — if it doesn't get the supplement. Bush's recent move has miffed some members of the 9-11 panel. Kean and former congressman Lee Hamilton, the panel's top Democrat, requested additional funding in a letter to the administration last week. In denying the request, the White House irritated many of the members of the commission. The White House sidestepped the issue of why the request wasn't granted. The latest effort to curtail funding has angered victims of the attacks. Stephen Push, a leader of the 9/11 victims' families, who are closely monitoring the commission, said the White House decision was another in a long line of efforts to water down or shrink the panel's role. Commission member Tim Roemer ... has gone so far as to draw comparisons with the $50 million provided to investigate the recent Columbia tragedy in which seven people died. "If we're looking at well over $11 million for that, we certainly should be looking for at least the same vicinity of money for how 3,000 people died and how to strengthen our homeland security," he said.
Note: MSNBC reported that "the Ken Starr investigation of Whitewater and Monica Lewinsky cost the tax-payer $64 million." The Columbia tragedy invstigation ran $50 million. Yet the White House wanted to limit the investigation of the worst terror attack ever to $3 million. What secrets are they hiding? Click here for more.
Woody Norris aims the silvery plate ... demonstrating something called HyperSonic Sound (HSS). I pace out a hundred yards. Norris pelts me with the Handel. The sound is inside my head. Imagine, he says, walking by a soda machine (say, one of the five million in Japan that will soon employ HSS) ... then hearing what you alone hear -- the plink of ice cubes and the invocation, ''Wouldn't a Coke taste great right about now?'' An HSS transmission can travel 450 feet - at practically the same volume all along its path. In past months, Norris and his staff have made a further, key improvement to HSS -- instead of sending out a column of sound, they can now project a single sphere of it, self-contained, like a bubble. [And] there are Defense Department applications. Norris [has] been busy honing something called High Intensity Directed Acoustics (HIDA). Although [it] has been routinely referred to as a "nonlethal weapon," ... in reality, HIDA is both warning and weapon. If used from a battleship, it can ward off stray crafts at 500 yards with a pinpointed verbal warning. Should the offending vessel continue ... the stern warnings are replaced by 120-decibel sounds that are as physically disabling as shrapnel. Certain noises, projected at the right pitch, can incapacitate even a stone-deaf terrorist; the bones in your head are brutalized by a tone's full effect whether you're clutching the sides of your skull in agony or not. "HIDA can instantaneously cause loss of equilibrium, vomiting, migraines - really, we can pretty much pick our ailment," he says brightly. Last month, [Norris' company] A.T.C. cut a five-year, multimillion-dollar licensing agreement with General Dynamics, one of the giants of the military-industrial complex.
Note: This entire article is well worth reading if you want to understand just how advanced these dangerous weapons are. And there is little doubt that this weapon can cause death. Remember the article was written in 2003. Sound weapons developed for war are now routinely used against civilian populations. Explore an excellent, well researched article going into more detail on these weapons. For more along these lines, see concise summaries of deeply revealing non-lethal weapons news articles from reliable major media sources.
The Carlyle Group [is] an investment house famous as one of the most well-connected companies anywhere. Former president George H.W. Bush is a Carlyle adviser. Former British prime minister John Major heads its European arm. Former secretary of state James Baker is senior counselor, former White House budget chief Richard Darman is a partner, former SEC chairman Arthur Levitt is senior adviser -- the list goes on. Those associations have brought Carlyle enormous success. The Washington-based merchant bank controls nearly $14 billion in investments, making it the largest private equity manager in the world. It buys and sells whole companies the way some firms trade shares of stock. But the connections also have cost Carlyle. It has developed a reputation as the CIA of the business world -- omnipresent, powerful, a little sinister. Media outlets from the Village Voice to BusinessWeek have depicted Carlyle as manipulating the levers of government from shadowy back rooms. Congresswoman Cynthia McKinney (D-Ga.) even suggested that Carlyle's and Bush's ties to the Middle East made them somehow complicitous in the Sept. 11 terror attacks. It didn't help that as the World Trade Center burned on Sept. 11, 2001, the news interrupted a Carlyle business conference at the Ritz-Carlton Hotel here attended by a brother of Osama bin Laden. Former president Bush, a fellow investor, had been with him at the conference the previous day. Bush['s] primary function is to give speeches for Carlyle that attract wealthy foreigners in places where the former president is especially revered, such as Asia. The company has rewarded its faithful with a 36 percent average annual rate of return.
Note: If the above link fails, click here. To understand the amazingly powerful role of this low-profile, yet extremely wealthy and influential group, click here to view free a 48-minute documentary shown on Dutch national TV which clearly depicts the depths of corruption and deceit at the highest levels of government. You will be thankful that you watched this highly educational film.
US scientists say a silicon chip could be used to replace the hippocampus, where the storage of memories is co-ordinated. They are due to start testing the device on rats' brains shortly. If that goes well, the Californian researchers will test the artificial hippocampus in live rats within six months and then monkeys trained to carry out memory tasks before progressing to human trials once the chip has been proved to be safe. The hippocampus is an area at the base of the brain in humans, close to the junction with the spinal cord. It is believed it "encodes" experiences so they can be stored as long-term memories in another part of the brain. the researchers were able to devise a mathematical model of a whole hippocampus. The model was then programmed on to a chip. They suggest the chip would sit on a patient's skull, rather than inside the brain. Bernard Williams, a philosopher at Oxford University, UK, who is an expert in personal identity, said people might find the technology hard to accept at first.
Note: Consider that top secret military experiments in almost all fields are generally at least a decade ahead of anything reported in the media. What do you think they might have developed by now? Could they have developed a way to erase and even replace memories? For more, click here.
Last month, Sonoma Saveurs [restaurant] was spray-painted and flooded by vandals because of a delicacy that will appear on its menu and in its store: foie gras, the fat-engorged liver of force-fed ducks and geese. Connoisseurs consider foie gras the epitome of culinary civilization. But animal rights activists who claimed responsibility for the destruction ... call foie gras the ''delicacy of despair,'' born of cruelty to animals. The Federal Bureau of Investigation called the attacks here acts of ''domestic terrorism.'' With its associations of gastronomic elitism -- foie gras retails for around $20 to $25 a quarter-pound -- its production has long been high on the hit list of animal protectionists. Israel, the world's fourth-largest supplier of goose foie gras, recently banned the force-feeding of geese and ducks, as have Denmark, Norway, Poland, Austria and Germany, all after pressure by animal rights activists. Switzerland and the United Kingdom now discourage its production, said Paul Waldau, a clinical assistant professor at the Center for Animals and Public Policy at Tufts University. Organizations like In Defense of Animals and People for the Ethical Treatment of Animals contend force-feeding is inherently inhumane. ''Migratory fat bears no resemblance whatsoever to ramming a pipe down ducks' necks, pumping pounds of corn mash down their gullets and distending their livers,'' said Ingrid Newkirk, the president of PETA. ''These geese and ducks can't fly up the garden path, let alone migrate.''
Note: For a more recent article on how those taking action to defend ducks have been officially labelled terrorists, click here. For a six-minute video showing the incredible cruelty being inflicted on these animals, click here.
The rapidly growing trade in derivatives poses a "mega-catastrophic risk" for the economy and most shares are still "too expensive", ... investor Warren Buffett has warned. The derivatives market has exploded in recent years, with investment banks selling billions of dollars worth of these investments to clients as a way to off-load or manage market risk. But Mr Buffett argues that such highly complex financial instruments are time bombs and "financial weapons of mass destruction" that could harm not only their buyers and sellers, but the whole economic system. Derivatives are financial instruments that allow investors to speculate on the future price of, for example, commodities or shares - without buying the underlying investment. Outstanding derivatives contracts - excluding those traded on exchanges such as the International Petroleum Exchange - are worth close to $85 trillion, according to the International Swaps and Derivatives Association. Some derivatives contracts, Mr Buffett says, appear to have been devised by "madmen". He warns that derivatives can push companies onto a "spiral that can lead to a corporate meltdown", like the demise of the notorious hedge fund Long-Term Capital Management in 1998.
Note: Though written in 2003, this excellent article reveals the incredible risk of creating derivatives that have more value than the entire GDP of the world. The risk has increased tremendously since then.
Federal scientists are looking for evidence that a bolt of electricity in the upper atmosphere might have doomed the space shuttle Columbia as it streaked over California. Investigators are combing records from a network of ultra-sensitive instruments that might have detected a faint thunderclap in the upper atmosphere at the same time a photograph taken by a San Francisco astronomer appears to show a purplish bolt of lightning striking the shuttle. Los Alamos National Laboratories physicist Mark Stanley said that "we've seen very strong ionization in sprites" indicating that there were enough air molecules ionized to cause heating and an accompanying pulse -- a celestial thunderclap, as it were. NASA administrators confirmed Thursday that the photograph ... is being evaluated by Columbia crash investigators. The astronomer, who has asked that his name not be used, has declined to release the digital image to the media. [A] family of "transient" electrical effects occup[ies] this part of the sky, including sprites, which leap from the ionosphere to the tops of thunderheads. Ironically, an experiment of Israeli astronaut Ilan Ramon, aboard the doomed Columbia, was among the last fully funded work conducted on sprites. Scientists have observed interaction between a blue jet and a meteor. And in December 1999, Los Alamos National Laboratories researcher David Suszcynsky and colleagues, including Lyons, published an account of a meteor that apparently triggered a sprite.
Note: For a second article with the subtitle "Mysterious purple streak is shown hitting Columbia 7 minutes before it disintegrated," click here. Though this most bizarre news suggested another possible reason for the crash of the shuttle Columbia, it was virtually ignored throughout the official investigation. Why?
Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.