Media ArticlesExcerpts of Key Media Articles in Major Media
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Initial DNA analysis of one of the 3,000-year-old elongated skulls found in Paracas, Peru, has revealed that they may not have been come from humans but from a completely new species, according to Paracas Museum assistant director Brien Foerster. A geneticist who tested skull samples has found that they contain mutated DNA that does not match any known genetic DNA information in GenBank, an open-access sequence database of all the known genetic data in the world. The unidentified geneticist told Foerster: "It had mtDNA (mitochondrial DNA) with mutations unknown in any human, primate, or animal known so far. But a few fragments I was able to sequence from this sample indicate that if these mutations will hold we are dealing with a new human-like creature, very distant from Homo sapiens, Neanderthals and Denisovans. I am not sure it will even fit into the known evolutionary tree." According to Foerster, the geneticist in question, who apparently does contract work for the US government, is willing to go public, but does not want to come forward until the tests prove the theory conclusively. Peruvian archaeologist Julio Tello discovered the skulls in 1928 ... on the south coast of Peru. There are still many more tests that need to be carried out to verify what the DNA is. With the help of interested individuals over the last two years, Foerster has so far raised $7,000 (Ł4,260, €5,120) to do the initial DNA testing, but a full genome study to completely verify the theory would cost at least $100,000,
Note: Read more on this webpage. For more along these lines, see concise summaries of deeply revealing news articles about our enigmatic world from reliable major media sources.
The National Security Agency is using complex analysis of electronic surveillance, rather than human intelligence, as the primary method to locate targets for lethal drone strikes – an unreliable tactic that results in the deaths of innocent or unidentified people. According to a former drone operator for the military’s Joint Special Operations Command (JSOC) who also worked with the NSA, the agency often identifies targets based on controversial metadata analysis and cell-phone tracking technologies. Rather than confirming a target’s identity with operatives or informants on the ground, the CIA or the U.S. military then orders a strike based on the activity and location of the mobile phone. The former JSOC drone operator ... states that innocent people have “absolutely” been killed as a result. Some top Taliban leaders, knowing of the NSA’s targeting method, have purposely and randomly distributed SIM cards among their units in order to elude their trackers. As a result, even when the agency correctly identifies and targets a SIM card belonging to a terror suspect, the phone may actually be carried by someone else, who is then killed in a strike. The Obama administration has repeatedly insisted that its operations kill terrorists with the utmost precision. Within the NSA ... a motto quickly caught on at Geo Cell: ‘We Track ’Em, You Whack ’Em.’” In December 2009, utilizing the NSA’s metadata collection programs, the Obama administration dramatically escalated U.S. drone and cruise missile strikes in Yemen. The first strike in the country known to be authorized by Obama targeted an alleged Al Qaeda camp in the southern village of al-Majala. The strike, which included the use of cluster bombs, resulted in the deaths of 14 women and 21 children.
Note: For an in-depth interview on this important topic, click here. Would anyone in a developed country tolerate their citizens being killed by the drones of a foreign government? Note also that The Intercept is the new media source being funded by Pierre Omidyar and featuring Glenn Greenwald and other top reporters known for the their independence.
High-dose vitamin C can boost the cancer-killing effect of chemotherapy in the lab and mice, research suggests. Given by injection, it could potentially be a safe, effective and low-cost treatment for ovarian and other cancers. US scientists ... call for large-scale government clinical trials. Vitamin C has long been used as an alternative therapy for cancer. In the 1970s, chemist Linus Pauling reported that vitamin C given intravenously was effective in treating cancer. However, clinical trials of vitamin C given by mouth failed to replicate the effect, and research was abandoned. It is now known that the human body quickly excretes vitamin C when it is taken by mouth. However, scientists at the University of Kansas say that when given by injection vitamin C is absorbed into the body, and can kill cancer cells without harming normal ones. The researchers injected vitamin C into human ovarian cancer cells in the lab, into mice, and into patients with advanced ovarian cancer. They found ovarian cancer cells were sensitive to vitamin C treatment, but normal cells were unharmed. The treatment worked in tandem with standard chemotherapy drugs to slow tumour growth. "Because vitamin C has no patent potential, its development will not be supported by pharmaceutical companies," said lead researcher Qi Chen. "We believe that the time has arrived for research agencies to vigorously support thoughtful and meticulous clinical trials with intravenous vitamin C."
Note: Read more about this amazing cancer research. For more along these lines, see concise summaries of deeply revealing news articles on promising cancer research that has been suppressed by the medical industry.
British spies have developed "dirty tricks" ... that include releasing computer viruses, spying on journalists and diplomats, jamming phones and computers, and using sex to lure targets into "honey traps." Documents taken from the National Security Agency by Edward Snowden ... describe techniques developed by a secret British spy unit called the Joint Threat Research and Intelligence Group (JTRIG). According to the documents ... the agency's goal was to "destroy, deny, degrade [and] disrupt" enemies by "discrediting" them, planting misinformation and shutting down their communications. The propaganda campaigns use deception, mass messaging and "pushing stories" via Twitter, Flickr, Facebook and YouTube. JTRIG also uses "false flag" operations, in which British agents carry out online actions that are designed to look like they were performed by one of Britain's adversaries. Other documents ... show that JTRIG ... used a DDOS attack to shut down Internet chat rooms used by members of the hacktivist group known as Anonymous. A computer virus called Ambassadors Reception was "used in a variety of different areas" and was "very effective." When sent to adversaries ... the virus will "encrypt itself, delete all emails ... and block the computer user from logging on. Spies have long used sexual "honey traps" to snare, blackmail and influence targets. Most often, a male target is led to believe he has an opportunity for a romantic relationship or a sexual liaison with a woman, only to find that the woman is actually an intelligence operative.
Note: You can read the documents released by Snowden at this link and this one. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
Consumers are being sold food including mozzarella that is less than half real cheese, ham on pizzas that is either poultry or "meat emulsion", and frozen prawns that are 50% water, according to tests by a public laboratory. The checks on hundreds of food samples, which were taken in West Yorkshire, revealed that more than a third were not what they claimed to be, or were mislabelled in some way. Testers also discovered beef mince adulterated with pork or poultry, and even a herbal slimming tea that was neither herb nor tea but glucose powder laced with a withdrawn prescription drug for obesity at 13 times the normal dose. A third of fruit juices sampled were not what they claimed or had labelling errors. Two contained additives that are not permitted in the EU, including brominated vegetable oil, which is designed for use in flame retardants and linked to behavioural problems in rats at high doses. Experts said they fear the alarming findings from 38% of 900 sample tests by West Yorkshire councils were representative of the picture nationally, with the public at increasing risk as budgets to detect fake or mislabelled foods plummet. In one case, tests revealed that the "vodka" had been made not from alcohol derived from agricultural produce, as required, but from isopropanol, used in antifreeze and as an industrial solvent. Many of the samples were collected from fast-food restaurants, independent retailers and wholesalers; some were from larger stores and manufacturers.
Note: For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.
The Bank of England has been dragged into the mounting controversy over allegations of price fixing in the Ł3tn-a-day foreign exchange markets after it emerged that a group of traders had told the Bank they were exchanging information about their clients' position. The latest twist in the unfolding saga ... puts the focus on a meeting between key officials at the central bank and leading foreign exchange dealers in April 2012, when they discussed the way they handled trades ahead of the crucial setting of a benchmark in the prices of major currencies. This benchmark is used to price a wide variety of financial products and is the subject of regulators' attention amid allegations that traders at rival banks were sharing information about their orders from clients to manipulate the price. The Bank of England has previously released brief details of the April 2012 meeting, but Bloomberg reported that a senior trader who attended the meeting had made notes showing that officials did not believe it was improper to share customer orders. There had been a 15-minute conversation on currency benchmarks during which traders said they used chatrooms ... to trade ahead of the volatile period when the benchmarks were set. The Bank would not provide any additional information. Martin Wheatley, chief executive of the FCA, told MPs on the Treasury select committee ... that the allegations were "every bit as bad" as those surrounding Libor. The chairman of that committee ... said the allegations were "extremely serious". The scrutiny of the foreign exchange markets has put a fresh focus on dealers leaving banks. More than 20 traders at banks around the world are said to have been suspended or left roles in connection with the forex investigations.
Note: For more on huge financial manipulations and corruption, see the deeply revealing reports from reliable major media sources available here.
How much food could be rescued if college dining halls saved their leftovers? Turns out more than 200,000 pounds in three years – according to the Food Recovery Network, which has mobilized college students across the nation to feed hungry people in the most commonsense way possible. At the University of Maryland’s 251 North dining hall, ... the dining hall staff began placing stainless-steel trays filled with unused food on an island countertop near the end of a spacious industrial kitchen. One by one, steaming trays were stacked on top of the other as several college students snapped on latex gloves and discussed their game plan. Their objective was simple, really: to intercept the food before it’s thrown away and deliver it to hungry people in need. The ever-expanding Food Recovery Network ... was founded on Maryland’s campus in September 2011 by Ben Simon, the nonprofit’s executive director. Food is thrown out at 75 percent of college campuses across the United States. That’s roughly 22 million meals per year, trashed. Overall, Americans waste 36 million tons of food annually. But since the founding of the Food Recovery Network at the University of Maryland ... in January 2012, the organization has expanded to 49 campuses nationwide.
Note: For an inspiring, four-minute video on this, click here. For the Food Recovery Network website, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
James Clapper is very worried. It's not the first time. Last week the man who serves as America's Director of National Intelligence [told] assembled members of the Senate Select Intelligence Committee that the annual worldwide threat assessment ... has filled him with dread. Last year he appeared before Congress for a similar purpose. He was very, very concerned then too. [And the same] in 2012. Of course, one must consider the possibility that over the past five decades the world has never been as dangerous, complex and challenging as it's been over the past three years, [even though the] whole "threat of nuclear holocaust" ... defined much of the 60s, 70s and 80s. Clapper's alarmist tone is hardly matched by the threats he cites. Significantly more Americans die each year from falling furniture [than from terrorist acts]. To listen to Clapper and others in the intelligence community one might never know that inter-state war has largely disappeared and that wars in general are in the midst of a multi-decade decline. 2013 was a landmark year for non-proliferation with important progress made in slowing down Iran's nuclear aspirations and enforcing the norm on chemical weapons usage. There are real threats to the US, but Clapper should be able to talk about them in sober, evidence-based, non-hysterical terms. It's almost as if Clapper and the intelligence community that he helms are playing up foreign threats in order to justify bloated post-9/11 budgets. [Remember that] he allegedly lied to Congress over the extent to which the National Security Agency was collecting phone and e-mail records of individual Americans. [Sadly,] threat mongering and exaggeration is the norm rather than the exception.
Note: For a dramatic BBC documentary showing how many politicians literally promote fear for their own self benefit, watch Power of Nightmares at this link. For more on intense deception perpetrated by the intelligence community, see the deeply revealing reports from reliable major media sources available here.
Finally, a strong important voice in the world, the United Nations, speaks out on behalf of the rights of children and condemns the Vatican and the bishops for crimes of violence, rape and sexual abuse against children by transferring pedophile priests from parish to parish, withholding documents for prosecution and perpetuating an institutional culture of secrecy and shame. What's truly shameful is that the Catholic Church was not itself that strong and important voice, protecting "the least of these." The media have said the church is suffering from a "code of secrecy." Kirsten Sandberg, the chairwoman of the United Nations, put it this way: "We think it is a horrible thing that is being kept silent both by the Holy See itself and in local parishes." It is easy to think that when we talk about the crisis of child rape and abuse that we are talking about the past -- and the Catholic Church would have us believe that this most tragic era in church history is over. It is not. It lives on today. Pedophiles are still in the priesthood. Coverups of their crimes are happening now, and bishops in many cases are continuing to refuse to turn information over to the criminal justice system. Cases are stalled and cannot go forward because the church has such power to stop them. Children are still being harmed and victims cannot heal. These criminal acts happened over and over to tens of thousands of children in the past, continue now and will continue until Pope Francis and the bishops act fiercely to insist that children and their safety come first, and that priests and protecting the image and power of the Catholic Church come a distant second.
Note: If you are ready to see how investigations into a massive child sex abuse ring have led to the highest levels of government, watch the suppressed Discovery Channel documentary "Conspiracy of Silence," available here. For more on the Catholic Church's failure to control sexual abuse of children by priests, see the deeply revealing reports from reliable major media sources available here.
The Legion of Christ Catholic order has for the first time apologised to the victims of sexual abuse carried out by its founder, Father Marcial Maciel. Father Maciel led the order from its foundation in 1941 until 2006, when Pope Benedict ordered him to retire. [Maciel] abused seminarians as young as 12, and died in 2008 aged 87 without ever being convicted of his crimes. The Roman Catholic order apologised for not believing in the beginning in the testimonies of the victims and later, for the its "institutional silence". The public apology was announced as the order chose its first leader since the scandal forced Father Maciel to leave. The new leader is Father Eduardo Robles Gil, from Mexico. The order has a conservative profile that attracted donations from many wealthy Catholics, particularly in Mexico. It operates in more than 20 countries and has nearly 1,000 priests, running schools and charitable institutions across the world and a Catholic university in Rome.
Note: For more on the Catholic Church's failure to control sexual abuse of children by priests, see the deeply revealing reports from reliable major media sources available here.
In an unprecedented report, a United Nations committee slammed the Vatican's handling of child sexual abuse within the Catholic Church and accused the church of protecting itself rather than the victims. The Vatican should establish an "independent mechanism for monitoring children's rights" to investigate complaints and work with law enforcement, according to the report, which was released [on February 5]. It calls for the church to immediately remove all known or suspected abusers from its ranks. The report follows a hearing last month where Vatican officials were grilled over the church's handling of child abuse allegations. The Vatican, as a country, is a signatory of the U.N. Convention of the Rights of the Child, and it was the U.N. Committee on the Rights of the Child that published the report. Clerics have been involved in the sexual abuse of "tens of thousands" of children, the report says, and the United Nations is concerned about how the Vatican has handled the allegations. "The committee is gravely concerned that the Holy See has not acknowledged the extent of the crimes committed, has not taken the necessary measures to address cases of child sexual abuse and protect children, and has adopted policies and practices which has led to the continuation of the abuse by and the impunity of the perpetrators," the report states. The report accuses the Vatican of transferring child sexual abusers from one parish to another in an attempt to cover up crimes, placing children at high risk for abuse.
Note: For more on the Catholic Church's failure to control sexual abuse of children by priests, see the deeply revealing reports from reliable major media sources available here.
New York state’s top financial regulator has demanded documents from more than a dozen banks including Barclays, Deutsche, Goldman Sachs and RBS as a probe widened into trading practices in the $5.3tn-a-day global foreign exchange markets. Benjamin Lawsky, New York's financial services superintendent, made the move following the banks’ decision to fire or suspend at least 20 traders following reports that employees at some firms had shared information about their currency positions with counterparts at other companies. Lawsky’s move marks the latest escalation in a global investigation by regulators into the manipulation of benchmark rates. The currency probe comes as regulators are still investigating the manipulation of the Libor lending rate by traders at some of the world’s biggest banks. The Wall Street Journal reported that Goldman Sachs’ Steven Cho, formerly global head of spot and forward foreign exchange trading for major currencies, was retiring from the bank. His departure came a day after Citigroup announced that Anil Prasad, its global head of foreign exchange, was leaving the company. It is not know if his retirement is in any way linked to any investigation. Prasad’s exit comes a month after Rohan Ramchandani, formerly Citi’s head of European spot foreign exchange trading, was fired. Ramchandani had been a member of the Bank of England’s foreign exchange joint standing committee.
Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.
From 10,000 feet up, tracking an entire city at one glance: Ohio-based Persistent Surveillance Systems is trying to convince cities across the country that its surveillance technology can help reduce crime. Its new generation of camera technology is far more powerful than the police cameras to which America has grown accustomed. But these newer cameras have sparked some privacy concerns. A new, far more powerful generation is being quietly deployed [from small aircraft] that can track every vehicle and person across an area the size of a small city, for several hours at a time. Although these cameras can’t read license plates or see faces, they provide such a wealth of data that police, businesses and even private individuals can use them to help identify people and track their movements. Already, the cameras have been flown above major public events such as the Ohio political rally where Sen. John McCain named Sarah Palin as his running mate in 2008. They’ve been flown above Baltimore; Philadelphia; Compton, Calif.; and Dayton [OH] in demonstrations for police. They’ve also been used for traffic impact studies, [and] for security at NASCAR races. Defense contractors are developing similar technology for the military, but its potential for civilian use is raising novel civil liberties concerns. In Dayton, where Persistent Surveillance Systems is based, city officials balked last year when police considered paying for 200 hours of flights, in part because of privacy complaints. The Supreme Court generally has given wide latitude to police using aerial surveillance as long as the photography captures images visible to the naked eye.
Note: For more on surveillance by government agencies and corporations, see the deeply revealing reports from reliable major media sources available here.
America's oil and gas rush is depleting water supplies in the driest and most drought-prone areas of the country, from Texas to California, new research has found. Of the nearly 40,000 oil and gas wells drilled since 2011, three-quarters were located in areas where water is scarce, and 55% were in areas experiencing drought, the report by the Ceres investor network found. Fracking those wells used 97bn gallons of water, raising new concerns about unforeseen costs of America's energy rush. "Hydraulic fracturing is increasing competitive pressures for water in some of the country's most water-stressed and drought-ridden regions," said Mindy Lubber, president of the Ceres green investors' network. Without new tougher regulations on water use, she warned industry could be on a "collision course" with other water users. "It's a wake-up call," said Prof James Famiglietti, a hydrologist at the University of California, Irvine. "[I]t is time to have a conversation about what impacts there are, and do our best to try to minimise any damage." It can take millions of gallons of fresh water to frack a single well, and much of the drilling is tightly concentrated in areas where water is in chronically short supply, or where there have been multi-year droughts. Half of the 97bn gallons of water was used to frack wells in Texas, which has experienced severe drought for years. "Shale producers are having significant impacts at the county level, especially in smaller rural counties with limited water infrastructure capacity," the report said.
Note: For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.
A secret British spy unit created to mount cyber attacks on Britain’s enemies has waged war on the hacktivists of Anonymous and LulzSec, according to documents taken from the National Security Agency by Edward Snowden and obtained by NBC News. The blunt instrument the spy unit used to target hackers, however, also interrupted the web communications of political dissidents who did not engage in any illegal hacking. It may also have shut down websites with no connection to Anonymous. A division of Government Communications Headquarters (GCHQ), the British counterpart of the NSA, shut down communications among Anonymous hacktivists by launching a “denial of service” (DDOS) attack – the same technique hackers use to take down bank, retail and government websites – making the British government the first Western government known to have conducted such an attack. The documents ... show that the unit known as the Joint Threat Research Intelligence Group, or JTRIG, boasted of using the DDOS attack – which it dubbed Rolling Thunder - and other techniques to scare away 80 percent of the users of Anonymous internet chat rooms. Among the methods listed in the document were jamming phones, computers and email accounts and masquerading as an enemy in a "false flag" operation. A British hacktivist known as T-Flow, who was prosecuted for hacking, [said] no evidence of how his identity was discovered ever appeared in court documents.
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
We're in the midst of a popular obsession with mindfulness as the secret to health and happiness. And a growing body of evidence suggests it has clear benefits. A curriculum called Mindfulness Based Stress Reduction (MBSR) was developed in 1979 by Jon Kabat-Zinn, an MIT-educated scientist. The techniques ... are intended to help practitioners quiet a busy mind, becoming more aware of the present moment and less caught up in what happened earlier or what's to come. Many cognitive therapists commend it to patients as a way to help cope with anxiety and depression. Its strength lies in its universality. It is gaining acceptance with ... Silicon Valley entrepreneurs, FORTUNE 500 titans, Pentagon chiefs and more. Apple co-founder Steve Jobs said his meditation practice was directly responsible for his ability to concentrate and ignore distractions. Though meditation is considered an essential means to achieving mindfulness, the ultimate goal is simply to give your attention fully to what you're doing. One can work mindfully, parent mindfully and learn mindfully. Think of your attention as a muscle. As with any muscle, it makes sense to exercise it ... and like any muscle, it will strengthen from that exercise. There are hundreds of mindfulness and meditation apps available from iTunes. Scientists have been able to prove that meditation and rigorous mindfulness training can lower cortisol levels and blood pressure, increase immune response and possibly even affect gene expression. Scientific study is also showing that meditation can have an impact on the structure of the brain itself.
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Most people like to know what they are eating. However, labeling for genetically modified organisms is not required in any state. This is largely because of the money expended by GM seed producers toward blocking food-labeling laws. A common claim made by this group is that GM foods have been proved safe to eat and that there is a global scientific consensus to support this statement; therefore, no labeling is needed. However, an examination of the scientific data ... show[s] that both claims are blatantly false. GM crops have fostered an epidemic of herbicide resistant weeds and insects that are no longer killed by the built-in toxins. The result is a massive increase in herbicide use -- an additional 527 million pounds over the past 16 years. The major herbicide, glyphosate, is found inside the GM plants we eat, leading to its detection in people. There is increasing evidence that GM crops and the chemicals required for their production are harmful to humans. An Associated Press story in October documented the large increase in cancer and birth defects in commercial farming areas of Argentina since the introduction of GM crops. These data confirm recent animal studies showing that GM corn and the herbicides sprayed on it caused a dramatic increase in cancer in the same strain of rats used in FDA drug safety tests. Another large study showed an increase in severe stomach inflammation in pigs caused by GM feed containing insecticidal toxins, a condition that would likely lead to cancer in humans. In reality, there is no evidence that GM food is safe for human consumption.
Note: For more on the damaging health impacts of GMO foods and the movement to label them, see the deeply revealing reports from reliable major media sources available here.
For years, Karen and her 9-year-old daughter, whose identity CBS News is choosing not to share, were abused by Karen's husband. Fearing for their lives, Karen found help from an unlikely group of people: a 3,000-member organization committed to protecting children around the world. They call themselves BACA - Bikers Against Child Abuse. One thing we try and do as an organization is to help that child feel empowered so they can enjoy their childhood and grow up as an adult knowing that theres always going to be somebody there and not all adults are bad, said Happy Dodson, President of the Connecticut chapter, which is currently helping eight families across the state. BACA helps by stepping into the void left by an overwhelmed court system - and by forming a cocoon of support around the abused child, pledging 24-7 protection. Each member goes through an extensive Federal background check and adopts child-friendly road names like Scooter, Shaggy and Pooh Bear. If the child has problems sleeping or getting on the bus or is afraid to go to school, well take you to school. When the bus drops you off, well be there. Well take you home and if need be well stay in that yard until you feel comfortable, Dodson said. The group also shows up to court appearances to let the abuser know that the child is a part of the BACA family. BACA's motto is "no child deserves to live in fear." Because of them, this young girl no longer does. For some of the members, the cause is personal; they too were abused.
Note: For more on this most inspiring group, see this article and this great video.
The U.S. abortion rate declined to its lowest level since 1973, and the number of abortions fell by 13 percent between 2008 and 2011, according to the latest national survey of abortion providers conducted by a prominent research institute. The Guttmacher Institute, which supports legal access to abortion, said in a report issued [on February 3] that there were about 1.06 million abortions in 2011 — down from about 1.2 million in 2008. Guttmacher's figures are of interest on both sides of the abortion debate because they are more up-to-date and in some ways more comprehensive than abortion statistics compiled by the federal Centers for Disease Control and Prevention. According to the report, the abortion rate dropped to 16.9 abortions per 1,000 women ages 15-44 in 2011, well below the peak of 29.3 in 1981 and the lowest since a rate of 16.3 in 1973. Guttmacher and other groups supporting abortion rights have been apprehensive about the recent wave of laws restricting abortion access that have been passed in Republican-controlled legislatures. However, the report's authors said the period that they studied — 2008 to 2011 — predates the major surge of such laws starting with the 2011 legislative session. The lead author, Rachel Jones, also said there appeared to be no link to a decline in the number of abortion providers. According to Jones, the drop in abortions was likely linked to a steep national decline in overall pregnancy and birth rates. "Contraceptive use improved during this period, as more women and couples were using highly effective long-acting reversible contraceptive methods," she said.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
U.S. Sen. Elizabeth Warren said ... she is shocked that the federal government is earning an estimated $66 billion in profits from student loans originated between 2007 and 2012. [She] was reacting to a Government Accountability Office report [issued on January 31]. A previous Congressional Budget Office report estimated that the government will pocket an additional $185 billion in profits on new student loans made over the next 10 years. ‘‘This is obscene. The government should not be making $66 billion in profits off the backs of our students,’’ Warren said in a statement. ‘‘This report reinforces what we already knew — instead of investing in our children and their futures, the government is squeezing profits out of our young people and adding to the mountain of debt they will spend their lives struggling to repay.’’ Warren and eight other U.S. senators committed to wring government profits out of student loans and address [the] $1.2 trillion in outstanding student loan debt they say is crushing families and putting a strain on the economy. ‘‘We cannot bury our heads in the sand and pretend the profits don’t exist, or use accounting tricks to make them disappear,’’ Warren said. ‘‘It’s time to end the practice of profiting from young people who are trying to get an education and refinance existing loans.’’ Warren has [introduced a bill] that tries to pressure colleges to keep costs down for students and ensure they get a meaningful diploma when they graduate.
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
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.