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.
In the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning". Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. It's [an incorrect] understanding that allows us to continue to talk about money as if it were a limited resource like bauxite or petroleum, to say "there's just not enough money" to fund social programmes, to speak of the immorality of government debt or of public spending "crowding out" the private sector. To quote from its own initial summary: "Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits" When banks make loans, they create money. This is because money is really just an IOU. The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes. There's really no limit on how much banks could create. The Bank's job is to actually run the system, and of late, the system has not been running especially well.
Note: For more along these lines, see the excellent, reliable resources provided in our Banking Corruption Information Center.
The National Security Agency has built a surveillance system capable of recording “100 percent” of a foreign country’s telephone calls, enabling the agency to rewind and review conversations as long as a month after they take place, according to people with direct knowledge of the effort and documents supplied by former contractor Edward Snowden. A senior manager for the program compares it to a time machine — one that can replay the voices from any call without requiring that a person be identified in advance for surveillance. The voice interception program, called MYSTIC, began in 2009. Its RETRO tool, short for “retrospective retrieval,” and related projects reached full capacity against the first target nation in 2011. Planning documents two years later anticipated similar operations elsewhere. In the initial deployment, collection systems are recording “every single” conversation nationwide, storing billions of them in a 30-day rolling buffer that clears the oldest calls as new ones arrive, according to a classified summary. Analysts listen to only a fraction of 1 percent of the calls, but the absolute numbers are high. Each month, they send millions of voice clippings, or “cuts,” for processing and long-term storage. At the request of U.S. officials, The Washington Post is withholding details that could be used to identify the country where the system is being employed or other countries where its use was envisioned.
Note: Though technically it is illegal for the NSA to snoop on Americans without good cause, all they have to do is to share this technology with another country like the UK, and then ask the UK to do the snooping and send the results back to them, thereby circumventing the law. For more on NSA surveillance, see the deeply revealing reports from reliable major media sources available here.
Quietly whirring away in a dusty field in the Central Valley is a shiny solar energy machine that may someday solve many of California's water problems. It's called the WaterFX solar thermal desalination plant, and it has been turning salty, contaminated irrigation runoff into ultra-pure liquid for nearly a year for the Panoche Water and Drainage District. It's the only solar-driven desalination plant of its kind in the country. Right now its efforts produce just 14,000 gallons a day. But within a year, WaterFX intends to begin expanding that one small startup plant into a sprawling collection of 36 machines that together can pump out 2 million gallons of purified water daily. Within about five years, WaterFX company co-founder Aaron Mandell hopes to be processing 10 times that amount throughout the San Joaquin Valley. And here's the part that gets the farmers who buy his water most excited: His solar desalination plant produces water that costs about a quarter of what more conventionally desalinated water costs: $450 an acre-foot versus $2,000 an acre-foot. That brings Mandell's water cost close to what farmers are paying, in wet years, for water from the Panoche and other valley districts - about $300 an acre-foot. And that makes it a more economically attractive option than any of the 17 conventional desalination plants planned throughout California. If Mandell can pull it off, the tiny farming town where he is starting his enterprise could be known as ground zero for one of the most revolutionary water innovations in the state's history.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
Lawmakers of both parties are desperately trying to stop the Internal Revenue Service from interfering with the most powerful political invention that ever fell into their laps: the use of non-profit groups as a source of unlimited and anonymous campaign money. An investigation now unfolding in Utah ... exposes in remarkable detail how profoundly the non-profit system can be corrupted for the benefit of a single industry and a single politician. The politician involved was John Swallow, a former lobbyist for an empire of payday-loan and check-cashing companies. When Mr. Swallow ran for Utah Attorney General as a Republican in 2012, his strategist established several social-welfare groups, which don’t have to name their donors, so that the payday-loan industry could support him financially without anyone knowing. The groups collected hundreds of thousands of dollars in secret donations from the industry, and the money was used to run attack ads against Mr. Swallow’s opponent, who wanted to crack down on payday lenders. The ads worked, and Mr. Swallow was elected. When the I.R.S. started looking into the non-profit groups and demanding documentation, ... Congressional Republicans accused the agency (falsely) of singling out conservative non-profit groups. Eventually, a parallel state investigation drove Mr. Swallow from office; he resigned last fall, and last week a state legislative panel accused him of breaching the public trust by hanging “a veritable ‘for sale’ sign on the office door that invited moneyed interests to seek special treatment and favors.”
Note: For more on serious problems with the US electoral system, see the deeply revealing reports from reliable major media sources available here.
China has allowed direct domestic trading of the yuan against the New Zealand dollar to encourage such trading as it internationalizes the Chinese currency. The move ... comes after China doubled the yuan's trading band over the weekend in a milestone step that gives investors more freedom to set the value of the tightly controlled currency. The move was seen as promoting trade between the two countries, which rose 25.2 percent to NZ$18.2 billion ($15.71 billion) in 2013. As part of China's sweeping plans to overhaul its maturing economy and let market forces drive a host of industries, the government wants to gradually relax its hold over the yuan and turn it into a global reserve currency that one day rivals the dollar. The government's wish to promote international use of the yuan is partly driven by its concern that China is too vulnerable to the fluctuating value of the dollar. China is home to the world's largest foreign exchange reserves, worth $3.82 trillion at the end of last year. About a third is invested in U.S. government bonds. To promote international use of the yuan, China has signed a series of currency swaps with foreign governments in order to increase the overseas circulation of the Chinese currency. The New Zealand dollar is the 10th foreign currency that can be directly traded against the yuan in China.
Note: The US dollar's role as a global currency is gradually fading.
Prompted by publicity surrounding recent child abuse scandals involving well-known figures, dozens of British men are breaking decades of silence about molestation they say they suffered as boys at expensive private schools, forcing the schools to confront allegations that in the past might have been hushed up, ignored or treated derisively. In one instance involving Aldwickbury School, which educates boys ages 4 to 13, a former student, who requested anonymity because of the intimate details of the case, said he suffered profound feelings of confusion and guilt after being abused by a teacher in the 1970s. He said the teacher molested him regularly during English lessons over a period of two years. The former Aldwickbury student is one of dozens of people who have come forward. Last month, a former headmaster of Caldicott, a school in Buckinghamshire attended by Nick Clegg, the deputy prime minister, was jailed for past child abuse offenses. The former headmaster, Roland Peter Wright, now 83, was convicted of abusing students 8 to 13 from 1959 to 1970. Other schools facing compensation claims include Ashdown House, which has educated, among others, the queen’s nephew, Viscount Linley. Most of these claims are directed at Britain’s preparatory schools, which typically admit children 4 to 13, with students living at the school starting at 7 or 8. The very nature of boarding schools — closed environments in which teachers can wield enormous power — can make them attractive to child abusers.
Note: For more on sexual abuse scandals, see the deeply revealing reports from reliable major media sources available here.
Christians and Muslims have joined to try to help free millions of men, women and children held in modern-day slavery, forced to work as maids, prostitutes, child soldiers and manual laborers. The Global Freedom Network, launched [on March 17] at the Vatican, aims to eradicate slavery by encouraging governments, businesses, educational and faith institutions to rid their supply chains of slave labor. The initiative is the brainchild of billionaire Australian mining magnate Andrew Forrest, who founded the Walk Free Foundation in 2012 to mobilize a grass-roots movement to end slavery. Forrest, ranked 270th on Forbes' list of the world's richest people, used personal contacts to bring the 1.2-billion strong Catholic Church, 85-million strong Anglican Communion, and al-Azhar university in Cairo, the world's foremost seat of Sunni learning, on board with the initiative. Representatives from all three gathered ... at the Vatican to sign an agreement to launch the project, which will be based at the Vatican and have a chief executive responsible for implementing a five-year business plan. Objectives include getting the G20 to condemn modern-day slavery, persuading 50 major corporations to commit to slavery-proofing their supply chains, and convincing 160 governments to endorse a seven-year, $100 million fundraising effort to implement anti-slavery programs globally.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
American science, long a source of national power and pride, is increasingly becoming a private enterprise. In Washington, budget cuts have left the nation’s research complex reeling. Labs are closing. Scientists are being laid off. Projects are being put on the shelf, especially in the risky, freewheeling realm of basic research. Yet from Silicon Valley to Wall Street, science philanthropy is hot, as many of the richest Americans seek to reinvent themselves as patrons of social progress through science research. The result is a new calculus of influence and priorities that the scientific community views with a mix of gratitude and trepidation. “For better or worse,” said Steven A. Edwards, a policy analyst at the American Association for the Advancement of Science, “the practice of science in the 21st century is becoming shaped less by national priorities or by peer-review groups and more by the particular preferences of individuals with huge amounts of money.” This is philanthropy in the age of the new economy — financed with its outsize riches, practiced according to its individualistic, entrepreneurial creed. Yet that personal setting of priorities is precisely what troubles some in the science establishment. Many of the patrons, they say, are ignoring basic research — the kind that investigates the riddles of nature and has produced centuries of breakthroughs, even whole industries — for a jumble of popular, feel-good fields.
Note: For more on corruption in science, see the deeply revealing reports from reliable major media sources available here.
Malaysia's prime minister says the disappearance of Malaysia Airlines Flight 370 appears to be "deliberate." The latest evidence suggests the plane didn't experience a catastrophic incident over the South China Sea as was initially suspected. Prime Minister Najib Razak said the investigation has refocused onto the crew and passengers aboard the missing plane. He added that ... all possibilities are still being investigated. A Malaysian government official who is involved in the investigation said investigators have concluded that one of the pilots or someone else with flying experience hijacked the missing Malaysia Airlines jet. The official said that hijacking was no longer a theory. "It is conclusive." A Malaysian official, who also declined to be identified because he is not authorized to brief the media, said only a skilled aviator could navigate the plane the way it was flown after its last confirmed location over the South China Sea. The official said it had been established with a "more than 50 percent" degree of certainty that military radar had picked up the missing plane after it dropped off civilian radar. Malaysian officials have said radar data suggest it may have turned back and crossed back over the Malaysian peninsula westward, after setting out toward the Chinese capital. The flight altered its course more than once after it lost contact with ground control and that it made significant changes in altitude. Investigators say there's further evidence suggesting the jet did not crash immediately after being lost on radar; a transmitter on the plane tried for another four hours to ping satellites.
Note: Why is the military radar 50% certain? How could a transmitter on the plane ping for four hours, yet no one on the plane made a phone call? Remember that after Flight 93 was hijacked on 9/11, many phone calls were made by passengers on the plane. There is an abundance of high strangeness to this airplane's disappearance. For valuable speculation on the missing flight not well covered in the major media, click here. For some very unusual radar evidence of its disappearance, click here.
The authors of a study calling for GM crops to be fast-tracked into Britain’s farms and kitchens all have links to the industry. The report was presented as the work of ‘independent’ scientists and was published on [March 13] by a government advisory body. It was used to support a bid to speed up the development of the controversial crops in the UK, but it has emerged that all five authors have a vested interest in promoting GM crops and food – and some are part-funded by the industry. Critics of GM [have] described the report as ‘biased and downright dangerous’, and accused the biotech giants and the Government of mounting a crude propaganda campaign to overturn public opposition. The academics behind the study were chosen by the Council for Science and Technology, the body that advises the Prime Minister on science policy issues. They include Professor Sir David Baulcombe, from Cambridge University, who works as a consultant for GM firm Syngenta, which gives his department research funding. Syngenta is behind a genetically modified maize or corn, called GA21, which could go into UK farms as early as next spring, making it Britain’s first commercially grown GM crop. Also on the list is Professor Jonathan Jones, of the Sainsbury Laboratory, which is at the centre of Britain’s GM research. It is part-funded by former Labour science minister, Lord Sainsbury, who is one of the country’s biggest supporters of the technology. Another co-author was Professor Jim Dunwell, of the University of Reading. He was a founder member of CropGen, which describes its mission as ‘to make the case for GM crops and foods’
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here. For an excellent summary of the risks and dangers from GMO foods, click here.
A new study offers strong evidence that environmental toxins play a role in [autism]. The report looked at birth defects associated with parental exposure to pollution and found a 1% increase in the defects corresponded to a 283% increase in autism. Several studies have shown a link between air pollution and autism, but a new study published in the journal PLOS Computational Biology is one of the largest to put the two together. Researchers studied insurance claims from around 100 million people in the U.S., and used congenital malformations in boys as an indicator for parental exposure to environmental toxins. “Autism appears to be strongly correlated with [the] rate of congenital malformations of the genitals in males across the country. This gives an indicator of environmental load and the effect is surprisingly strong,” study author Andrey Rzhetsky from the University of Chicago said in a statement. Every 1% increase in malformations corresponded to a 283% increase in autism in the same county. Although the findings are still new, the researchers say they offer support for the theory that environmental pollutants, in addition to genetics, play a role in autism development.
Note: For more good evidence on this, click here. And for strong evidence reported in the major media of a link between autism and vaccines, click here.
The Consumer Financial Protection Bureau (CFPB), the watchdog agency conceived of and established by Sen. Elizabeth Warren (D-Mass.) in the wake of the financial crisis, ... has issued dozens of protections shielding consumers from shady practices by mortgage lenders, student loan servicers, and credit card companies. Here are ten things the CFPB, which was created in 2011, has done to protect the little guy: 1. Mortgage lenders can no longer push you into a high-priced loan. 2. New homeowners are less likely to be hit by foreclosure. 3. If you are are delinquent on your mortgage payments, loan servicers have to try harder to help you avoid foreclosure. 4. Millions of Americans get a low-cost home loan counselor. 5. Borrowers with high-cost mortgages get an outside eye. 6. Fly-by-night financial players will be held accountable. 7. Folks scammed by credit card companies get refunds. 8. Student lenders face scrutiny. 9. Service members get extra protection. 10. Consumers get a help center: If your bank or lender does anything you think is unfair, the bureau has a division dedicated to fielding consumer complaints. The agency promises to work with companies to try to fix consumers' problems.
Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.
The neonatal intensive care unit [NICU] is full of buzzers, bells and the steady hum of technology. The machines that line the rooms are safeguarding the most fragile human lives. How reassuring ... is the sound of a friendly voice? The look of a friendly face? Babies in the neonatal intensive care unit cling to moments like that, but sometimes parents and nurses can’t be there to offer the constant reassurance. That’s where Pat Rice comes in. He is a volunteer “cuddler” at the Lucile Packard Children’s Hospital Stanford. He and his wife, Claire Fitzgerald, have been cuddling babies there for 16 years. His deep voice helps soothe the babies. He joked someone once told him it sounded like a tuba. “Apparently the voice helps make a difference. I don’t know why,” said Rice. “But I find that it works pretty well.” The nurses said that the cuddles have an immediate impact for these infants. It can even be measured. Their blood oxygenation starts to climb, meaning the baby is relaxed and is breathing deeper. The doctors say cuddling leads to better tolerance of pain, more stable body temperature and even stronger vital signs. Fitzgerald and Rice said they often comfort parents whose babies are admitted to the NICU because they can share stories about all the babies they have cuddled who are now home and thriving. Rice said that at his granddaughter’s soccer game recently, a little girl came up to him and gave him a big hug — it was a child he had once cuddled in the hospital.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
Four years after President Obama promised to crack down on mortgage fraud, his administration has quietly made the crime its lowest priority and has closed hundreds of cases after little or no investigation, the Justice Department’s internal watchdog said on [March 13]. The report by the department’s inspector general undercuts the president’s contentions that the government is holding people responsible for the collapse of the financial and housing markets. The administration has been criticized, in particular, for not pursuing large banks and their executives. The inspector general’s report ... shows that the F.B.I. considered mortgage fraud to be its lowest-ranked national criminal priority. In several large cities, including New York and Los Angeles, F.B.I. agents either ranked mortgage fraud as a low priority or did not rank it at all. The F.B.I. received $196 million from the 2009 to 2011 fiscal years to investigate mortgage fraud, the report said, but the number of pending cases and agents investigating them dropped in 2011. Mortgage fraud was one of the causes of the 2008 financial collapse. Mortgage brokers and lenders falsified documents, sometimes to make mortgages look safer, other times to make the property look more valuable.
Note: For more on government collusion with the banking industry, see the deeply revealing reports from reliable major media sources available here.
The US came under sharp criticism at the UN human rights committee in Geneva on [March 13] for a long list of human rights abuses that included everything from detention without charge at Guantánamo, drone strikes and NSA surveillance, to the death penalty, rampant gun violence and endemic racial inequality. The experts raised questions about the National Security Agency’s surveillance of digital communications in the wake of Edward Snowden’s revelations. The committee’s 18 experts [are] charged with upholding the International Covenant on Civil and Political Rights (ICCPR), a UN treaty that the US ratified in 1992. The US came under sustained criticism for its global counter-terrorism tactics, including the use of unmanned drones to kill al-Qaida suspects, and its transfer of detainees to third countries that might practice torture, such as Algeria. Committee members also highlighted the Obama administration’s failure to prosecute any of the officials responsible for permitting waterboarding and other “enhanced interrogation” techniques under the previous administration. Walter Kälin, a Swiss international human rights lawyer who sits on the committee, attacked the US government’s refusal to recognise the convention’s mandate over its actions beyond its own borders. The US has asserted since 1995 that the ICCPR does not apply to US actions beyond its borders - and has used that “extra-territoriality” claim to justify its actions in Guantánamo and in conflict zones.
Note: How sad that it appears this news was not reported in any major US media.
Top-secret documents reveal that the National Security Agency is dramatically expanding its ability to covertly hack into computers on a mass scale by using automated systems that reduce the level of human oversight in the process. The classified files – provided previously by NSA whistleblower Edward Snowden – contain new details about groundbreaking surveillance technology the agency has developed to infect potentially millions of computers worldwide with malware “implants.” The clandestine initiative enables the NSA to break into targeted computers and to siphon out data from foreign Internet and phone networks. The covert infrastructure that supports the hacking efforts operates from the agency’s headquarters in Fort Meade, Maryland, and from eavesdropping bases in the United Kingdom and Japan. GCHQ, the British intelligence agency, appears to have played an integral role in helping to develop the implants tactic. In some cases the NSA has masqueraded as a fake Facebook server, using the social media site as a launching pad to infect a target’s computer and exfiltrate files from a hard drive. In others, it has sent out spam emails laced with the malware, which can be tailored to covertly record audio from a computer’s microphone and take snapshots with its webcam. The hacking systems have also enabled the NSA to launch cyberattacks by corrupting and disrupting file downloads or denying access to websites.
Note: For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.
Former NSA contractor Edward Snowden accused Sen. Dianne Feinstein of hypocrisy ... for complaining about alleged CIA spying on U.S. senators while tolerating government spying on private citizens. "It's clear the CIA was trying to play 'keep away' with documents relevant to an investigation by their overseers in Congress, and that's a serious constitutional concern,” said Snowden in a statement to NBC News. “But it's equally if not more concerning that we're seeing another 'Merkel Effect,' where an elected official does not care at all that the rights of millions of ordinary citizens are violated by our spies, but suddenly it's a scandal when a politician finds out the same thing happens to them." Snowden was ... referring to German Chancellor Angela Merkel’s indignation at reports that the U.S. had listened in on her personal conversations, but her failure to condemn the NSA for mass surveillance of communications of German citizens. Both were revealed by the release of documents that Snowden took from NSA computers and distributed to journalists.
Note: For more on the out-of-control activities of intelligence agencies, see the deeply revealing reports from reliable major media sources available here.
The National Security Agency has reportedly used automated systems to infect user computers with malware since 2010. At times the agency pretended to be Facebook to install its malware. The NSA has been using a program codenamed TURBINE to contaminate computers and networks with malware "implants" capable of spying on users, according to the Intercept, which cited documents provided by whistleblower Edward Snowden. Between 85,000 and 100,000 of these implants have been deployed worldwide thus far. To infect computers with malware, the NSA has relied on various tactics, including posing as Facebook. The federal agency performed what is known as a "man-on-the-side" attack in which it tricked users computers into thinking that they were accessing real Facebook servers. Once the user had been fooled, the NSA hacked into the user's computer and extracted data from their hard drive. Facebook said it had no knowledge of the NSA"s TURBINE program. However, [Facebook] said it is no longer possible for the NSA or hackers to attack users that way, but Facebook warned that other websites and social networks may still be vulnerable to those types of attacks. "This method of network level disruption does not work for traffic carried over HTTPS, which Facebook finished integrating by default last year," Facebook told the National Journal.
Note: For more on NSA surveillance, see the deeply revealing reports from reliable major media sources available here.
Last week the [Obama] Administration quietly excused millions of people from the requirement to purchase health insurance or else pay a tax penalty. This latest political reconstruction has received zero media notice, and the Health and Human Services Department didn't think the details were worth discussing. The mandate suspension was buried in an unrelated rule that was meant to preserve some health plans that don't comply with ObamaCare benefit and redistribution mandates. That seven-page technical bulletin includes a paragraph and footnote that casually mention that a rule in a separate December 2013 bulletin would be extended for two more years, until 2016. Lo and behold, it turns out this second rule, which was supposed to last for only a year, allows Americans whose coverage was cancelled to opt out of the mandate altogether. Now all you need to do is fill out a form attesting that your plan was cancelled and that you "believe that the plan options available in the [ObamaCare] Marketplace in your area are more expensive than your cancelled health insurance policy" or "you consider other available policies unaffordable." People can ... qualify for hardships for the unspecified nonreason that "you experienced another hardship in obtaining health insurance," which only requires "documentation if possible." And yet another waiver is available to those who say they are merely unable to afford coverage, regardless of their prior insurance. In a word, these shifting legal benchmarks offer an exemption to everyone who conceivably wants one.
Note: For more on important health issues, see the deeply revealing reports from reliable major media sources available here.
Senate Intelligence Committee Chair Dianne Feinstein accused the CIA on [March 11] of violating the law and the Constitution of the United States by interfering in a committee investigation into Bush-era torture of terror suspects. Feinstein said the CIA had removed documents provided to the committee through a special, segregated network set up by the agency for the committee to pursue its investigation. Among the documents removed was an internal review of CIA interrogation techniques conducted by then-CIA Director Leon Panetta, which committee members have said corroborated committee findings critical of the agency’s interrogation program. “The CIA just went and searched the committee’s computers,” Feinstein said on the Senate floor. “This was done without the knowledge or approval of committee members or staff, and in violation of our written agreements. Further, this type of behavior would not have been possible had the CIA allowed the committee to conduct the review of documents here in the Senate,” Feinstein said. Feinstein said that the CIA’s activities may have violated the Fourth Amendment, the Computer Fraud and Abuse Act, and executive order 12333, which bars the CIA from conducting domestic surveillance. Feinstein also said the CIA’s activities violated the separation of powers principles in the Constitution by interfering with congressional oversight of the executive branch.
Note: For more on the out-of-control activities of intelligence agencies, 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.