Media ArticlesExcerpts of Key Media Articles in Major Media
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The U.S. government's aggressive prosecution of leaks and efforts to control information are having a chilling effect on journalists and government whistle-blowers, according to a report released [on] U.S. press freedoms under the Obama administration. The Committee to Protect Journalists conducted its first examination of U.S. press freedoms amid the Obama administration's unprecedented number of prosecutions of government sources and seizures of journalists' records. Usually the group focuses on advocating for press freedoms abroad. Leonard Downie Jr., a former executive editor of The Washington Post, wrote the 30-page analysis entitled "The Obama Administration and the Press." The report notes President Barack Obama came into office pledging an open, transparent government after criticizing the Bush administration's secrecy, "but he has fallen short of his promise." "In the Obama administration's Washington, government officials are increasingly afraid to talk to the press," wrote Downie, now a journalism professor at Arizona State University. Downie interviewed numerous reporters and editors, including a top editor at The Associated Press, following revelations this year that the government secretly seized records for telephone lines and switchboards used by more than 100 AP journalists. Downie also interviewed journalists whose sources have been prosecuted on felony charges. Those suspected of discussing classified information are increasingly subject to investigation, lie-detector tests, scrutiny of telephone and email records and now surveillance by co-workers under a new "Insider Threat Program" that has been implemented in every agency.
Note: For more on government secrecy, see the deeply revealing reports from reliable major media sources available here.
Sixteen-year-old Malala Yousafzai ... is a nominee for the Nobel Peace Prize for her courage in the face of death threats in her home country of Pakistan over her advocacy of education for girls. On Thursday, she won the European Parliament's Sakharov Prize for Freedom of Thought. Malala was shot in the head and neck one year ago on her school bus by a gunman who was sent by the Taliban, the Muslim clerical group that believes in adherence to a strict version of Islamic law. Where it can, the Taliban has imposed rules forbidding girls from going to school, listening to music or taking most jobs. Malala, who lives in England now, told Stewart that she was stunned when she was told as a 14-year-old girl that the Taliban had issued a death threat against her for her activism and for her blog on the BBC, in which she wrote about how hard it was to live under strict Muslim rule as a girl. "I just could not believe it, I said no, it's not true," she said, saying she thought the Taliban would instead come after her father, who operates a school and opened up his classes to girls. "We thought the Taliban were not that much cruel that they would kill a child." After she was shot, she was allowed to go to Britain for brain surgery. She now lives outside London with her family. Though the Taliban has threatened her life again, she says striking back at them would not help. "If you hit a Talib, then there would be no difference between you and the Talib," she said. "You must not treat others with cruelty. … You must fight others through peace and through dialogue and through education."
Note: You can watch portions of this inspiring show at the link above and at this link. For a treasure trove of great news articles which will inspire you to make a difference, click here.
Three years ago, Clintondale High School, just north of Detroit, became a “flipped school” — one where students watch teachers’ lectures at home and do what we’d otherwise call “homework” in class. Teachers record video lessons, which students watch on their smartphones, home computers or at lunch in the school’s tech lab. In class, they do projects, exercises or lab experiments in small groups while the teacher circulates. In the fall of 2011, Clintondale flipped completely — every grade, every class. “On average we approximated a 30 percent failure rate,” said Green. “With flipping, it dropped to under 10 percent.” Graduation rates rose dramatically, and are now over 90 percent. College attendance went from 63 percent in 2010 to 80 percent in 2012. Flipping also changes the distribution of teacher time. In a traditional class, the teacher engages with the students who ask questions — but it’s those who don’t ask who tend to need the most attention. The biggest effect of flipping classrooms is on the students at the bottom. “It’s tough to fail a flipped class, because you’re doing the stuff in here,” said Rob Dameron, the head of the English department. “I used to have about a 30 percent failure rate in English. Now, out of 130 kids, I have three who are failing — mostly due to attendance problems.” Flipped classrooms require more creativity and energy from the teacher. “Lots of teachers who aren’t really good teachers are resistant to this — they like to build time into the day when kids are working to do their taxes or catch up on email.”.
Note: Watch a great five-minute video on this phenomenon. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Azerbaijan's big presidential election ... was anticipated to be neither free nor fair. President Ilham Aliyev, who took over from his father 10 years ago, has stepped up intimidation of activists and journalists. Rights groups are complaining about free speech restrictions and one-sided state media coverage. The BBC's headline for its story on the election reads "The Pre-Determined President." So expectations were pretty low. [But] it was a bit awkward when Azerbaijan's election authorities released vote results – a full day before voting had even started. The vote counts ... were pushed out on an official smartphone app run by the Central Election Commission. It showed Aliyev as "winning" with 72.76 percent of the vote. That's on track with his official vote counts in previous elections: 76.84 percent of the vote in 2003 and 87 percent in 2008. In second place was opposition candidate Jamil Hasanli with 7.4 percent of the vote. The data were quickly recalled. The official story is that the app's developer had mistakenly sent out the 2008 election results as part of a test. But that's a bit flimsy, given that the released totals show the candidates from this week, not from 2008. As of this writing, Azerbaijan's election authorities say they've counted 80 percent of the ballots, with Aliyev winning just under 85 percent of the vote so far. He's been officially reelected.
Note: And for any who think elections manipulation only happens in smaller, corrupt countries, see undeniable evidence of major manipulation of elections in the U.S. and elsewhere at this link. For more on electoral corruption, see the deeply revealing reports from reliable major media sources available here.
An 89-year-old peace activist who refused to fill out the census because of its link to a U.S. military contractor is not guilty of violating the Statistics Act, a Toronto judge decided today. Audrey Tobias, who faced jail time if she had been convicted, argued she didn't file her 2011 census because it is processed using software from Lockheed Martin. Outside the Old City Hall courthouse after the ruling, the Toronto woman thanked the judge. “He put a lot of work and analysis and care into that judgment,” she said. "I respect it and I am grateful. I think it’s a significant issue for Canadians. I think people will know now what their government is all about.” Tobias said she would have been willing to go to jail. “I would have done whatever was necessary,” she said. “Under no circumstances would I have paid a fine, which was a way of saying I was guilty.” Tobias's lawyer, Peter Rosenthal, had argued that forcing her to complete the census would violate her freedoms of conscience and free expression. Judge Ramez Khawly noted that for a conviction both the act and intent of a crime must be proved beyond a reasonable doubt, so he had to acquit Tobias. The judge also described the Justice Department's decision to prosecute Tobias, a Second World War veteran, as a "PR disaster." In 2011, StatsCan received 13 million completed census forms, a 98 per cent response rate. Overall, it referred 54 people for prosecution for failing to complete the mandatory census form.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
The healthcare provider Corizon makes an estimated $1.4 billion off sick prisoners every year. With profits like those, you would think it was actually treating prisoners. But in states that are using Corizon to provide healthcare in their prisons—and right now twenty-nine are—medical neglect and abuse run rampant. Corizon’s attitude toward the debilitating virus Hepatitis C is especially alarming: They just don’t treat it. Last year alone, no fewer than seven sick prisoners died at Metro Corrections, a jail in Louisville, Kentucky, while on Corizon’s watch. The company made headlines when six employees quit their jobs, according to local press, “amid an investigation by the jail that found that the workers ‘may’ have contributed” to two of the deaths. This summer, it was announced that the contract between Corizon and the city would not be renewed. The Nation’s Liliana Segura gives an overview of the massive scope of the crisis of companies profiting off mass incarceration: “With 2.3 million people incarcerated in the United States,” she writes, “prisons are big business.”
Note: For a video exposing this craziness, click here. Corizon is just one of the many powerful entities getting rich off mass incarceration. Meet the other Prison Profiteers and take action to fight their abuses at PrisonProfiteers.org. For more on corruption in the government-prison-industrial complex, see the deeply revealing reports from reliable major media sources available here.
Google's founders, Larry Page and Sergey Brin, made giving back a company priority from the beginning. Their hope was that "someday this institution (under the rubric of 'Google.org') may eclipse Google itself in terms of overall world impact by ambitiously applying innovation and significant resources to the largest of the world's problems." Google has firmly established itself as a powerful and innovative player on the corporate philanthropy scene. Google's philanthropic entity was initially formed with a pledge of 3 million shares to make grants in several broad areas, including global poverty, disease and renewable energy. In 2009, Google announced a major strategic shift: to not only fund traditional nonprofits through cash grants, but also to concentrate on using Google's strengths in data-driven technologies and information aggregation to address the world's problems - to, in effect, engineer for social benefit. Google gave away $105 million in grants during 2012, plus $1 billion more in product donations, principally productivity apps and advertising grants for nonprofits. The company was the 12th-largest U.S. corporate cash donor in 2011 and 2012, according to the Chronicle of Philanthropy. Between $45 million and $50 million of that 2012 total [was] directed toward disaster relief, university research and community organizations in Silicon Valley - with $23 million dedicated to Google's Global Impact Awards. Last year's Impact Awardees include Charity: Water, which Google granted $5 million to install remote sensors at 4,000 water points across Africa by 2015. The low-cost sensors will monitor and record actual water flow rate to ensure better maintenance of and access to clean water for more than 1 million people.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
Two years ago, federal agent John Dodson turned whistleblower and exposed a botched gun operation in Phoenix that led to senior-level resignations, 18 months of congressional investigations and the first vote in history by the House to hold a sitting attorney general in contempt of Congress. Now, the Bureau of Alcohol, Tobacco, Firearms and Explosives, where Dodson works, is preventing him from publishing a book about the failed gun investigation, dubbed “Fast and Furious,” because the agency says it would hurt morale at the agency. The American Civil Liberties Union came to Dodson’s defense [on October 7] and filed a protest with the ATF, strongly objecting to the agency’s efforts to block Dodson from publishing his book, which has been written, saying the decision violates his “constitutional protections.” Sen. Charles E. Grassley (R-Iowa) and Rep. Darrell Issa (R-Calif.), two persistent critics of the ATF, wrote a foreword for the book. “This isn’t the first time somebody from the ATF or another government agency has written a book,” Grassley said. “Just because the ATF leadership doesn’t like the content of the book doesn’t mean they should be able to prevent the author from giving his side of the story.” During the gun-trafficking operation run by Phoenix special agents between late 2009 and early 2011, the ATF lost track of more than 2,000 guns that investigators were monitoring as they were sold to traffickers suspected of arming Mexican drug cartels. The operation to link guns to a cartel fell apart after two of the guns being tracked were found at the scene of a shootout that killed U.S. Border Patrol Agent Brian Terry.
Note: For more on government secrecy, see the deeply revealing reports from reliable major media sources available here.
Brain stimulation research has moved far and fast. Different forms of neurostimulation in humans have now been shown to boost our ability to learn and perform motor actions, to pay attention to events in the environment, to recall information in memory, and to exercise self-control. [Brain stimulation] techniques and their applications hold great promise for understanding the machinery of human mental processes, with hope for treating patients suffering from brain injury and disease. Except that ... anything that can boost or rehabilitate human abilities could also be exploited for military or security purposes, as well as by questionable private enterprises. Predictably, some of the major innovations in brain stimulation research are being funded by the US military. What army wouldn't take advantage of a method that could make soldiers more alert, faster to react, faster to learn, less likely to binge-drink off duty, and more compliant with authority? What intelligence agency wouldn't embrace a technology that could help their operatives become better liars, or which limits the ability of prisoners to lie under interrogation? Applications like these, in turn, raise ethical questions. Would a soldier be able to refuse brain stimulation, and if not, wouldn't that violate the principle of consent underlying 'medical' interventions? Going deeper we might ask whether it is ethical for neuroscientists and psychologists to collaborate with organisations whose ultimate research objective is to develop more efficient ways of killing people.
Note: For more on mind control, see the deeply revealing reports from reliable major media sources available here.
When children tell adults they are being abused, their confidants only take action in just over half of cases, according to a study by the NSPCC [National Society for the Prevention of Cruelty to Children]. Eight out of 10 abused under-18s tried to tell an adult, according to research based on interviews with 60 young adults. But adults acted in only 58 per cent of cases. One young woman described how police and social workers bungled her attempts to report her sexually abusive father. "The first time I told, I told my teacher, and then a social worker came, and two police officers. But they invited my mum and dad and sat them in the room with me. Then they asked me what happened, and so I denied it and said, 'No, nothing's happening,' because I could see my dad in the corner and I just thought, 'Oh my God!'" It took an average of seven years for those children who had been sexually abused to successfully tell someone about what was happening and to get help. Pam Miller, co-author of the report called No One Noticed, No One Heard, ..., said: "We were surprised at the number of people who had told someone about their abuse as a child, particularly given the extreme amount of abuse they suffered."
Note: For more on sexual abuse of children, see the deeply revealing reports from reliable major media sources available here.
Washington state is the next battleground in an ongoing effort by food activists to get products containing genetically engineered ingredients labeled. Initiative 522 goes before voters Nov. 5. It would require that foods containing ingredients from genetically engineered plants be labeled as such. "We believe that we have a right to know what's in our food," said Elizabeth Larter, the Seattle-based communications director for the Yes on 522 campaign. "This campaign is not about whether GMOs (genetically modified organisms) are good or bad; this is really just providing more information for consumers." The labeling effort is being funded by grass-roots donations and a large contribution from Dr. Bronner's Magic All-One, a California soap company founded in the 1960s. "This is about chemical companies buying up the seed companies," said David Bronner, president of the company. Opponents to labeling "understand that if they lose in Washington state, game over," he said of why the company is supporting the initiative and encouraging others to do so. "In 2013 alone there have been 26 states that have introduced labeling legislation," says Katey Parker with the Just Label It coalition, a pro-labeling group based in Washington, D.C. Washington's Yes on 522 campaign so far has raised $4.8 million. Squaring off on the other side is a coalition of food manufacturers and seed producers that thus far has raised a war chest of $17.2 million. That's a state record. The top five contributors were the Grocery Manufacturers Association, Monsanto, DuPont Pioneer, Dow AgroSciences and Bayer CropScience.
Note: For lots more on the serious risks posed by genetically-modified food, see the deeply revealing reports from reliable major media sources available here.
In this exclusive excerpt from her autobiography, I Am Malala, young activist Malala Yousafzai recounts the day she was shot by the Taliban. "Tuesday, Oct. 9, 2012, wasn’t the best of days to start with, as it was the middle of exams. We had been getting threats all year. Some were in the newspapers, and some were messages passed on by people. I was more concerned the Taliban would target my father, as he was always speaking out against them. His friend and fellow campaigner Zahid Khan had been shot in the face in August on his way to prayers. When our bus was called, we ran down the school steps. Inside the bus it was hot and sticky. Then we suddenly stopped. A young bearded man had stepped into the road. The man was wearing a peaked cap and had a handkerchief over his nose and mouth. Then he swung himself onto the tailboard and leaned in over us. “Who is Malala?” he demanded. No one said anything, but several of the girls looked at me. I was the only girl with my face uncovered. That’s when he lifted up a black pistol. My friends say he fired three shots. The first went through my left eye socket and out under my left shoulder. I slumped forward, blood coming from my left ear, so the other two bullets hit the girls next to me." Malala has undergone a recovery that is nothing short of miraculous. The bullet narrowly missed her brain [and she] suffered no major permanent neurological damage. The ordeal did, however, solidify her will: “It feels like this life is not my life. It’s a second life. People have prayed to God to spare me and I was spared for a reason—to use my life for helping people.”
Note: Malala was only 11 when she took on the Taliban, demanding that girls be given full access to school. Her campaign led to a blog for the BBC, a New York Times documentary, and a Pakistani peace prize. But all that was only a prelude to even more extraordinary events, the Taliban's assassination attempt and her miraculous recovery. For a treasure trove of great news articles which will inspire you to make a difference, click here.
The world's first lab-grown burger has been cooked and eaten at a news conference in London. Scientists took cells from a cow and, at an institute in the Netherlands, turned them into strips of muscle that they combined to make a patty. Prof Mark Post, of Maastricht University, the scientist behind the burger, remarked: "It's a very good start." The professor said the meat was made up of tens of billions of lab-grown cells. Sergey Brin, co-founder of Google, has been revealed as the project's mystery backer. He funded the Ł215,000 ($330,000) research. Stem cells are the body's "master cells", the templates from which specialised tissue such as nerve or skin cells develop. Most institutes working in this area are trying to grow human tissue for transplantation to replace worn-out or diseased muscle, nerve cells or cartilage. Prof Post is using similar techniques to grow muscle and fat for food. He starts with stem cells extracted from cow muscle tissue. These are cultured with nutrients and growth-promoting chemicals to help them develop and multiply. Three weeks later, there are more than a million stem cells, which are put into smaller dishes where they coalesce into small strips of muscle. These strips are collected into small pellets, which are frozen. When there are enough, they are defrosted and compacted into a patty just before being cooked. At the moment, scientists can only make small pieces of meat; larger ones would require artificial circulatory systems to distribute nutrients and oxygen.
Note: Meat grown in factory farms is a major source of pollution. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.
The problem and the risk [with surveillance by GCHQ] comes in the area of mass capture of data, or strategic surveillance. This is the kind of intelligence gathering that sucks in data from everyone, everywhere: from phones, internet use from email to website visits, social networking, instant messaging and video calls, and even areas such as video gaming; in short, everything digital. In the US, the Prism programme may have given the NSA access to the servers of companies such as Google and Facebook; in the UK, GCHQ has gained a similar degree of access via its Tempora programme, and the two of them together have a cable- and network-tapping capabilities collectively called Upstream, which have the ability to intercept anything that travels over the internet. This data is fed into a database called XKeyscore, which allows analysts to extract information "in real time", ie immediately. What this adds up to is a new thing in human history: with a couple of clicks of a mouse, an agent of the state can target your home phone, or your mobile, or your email, or your passport number, or any of your credit card numbers, or your address, or any of your log-ins to a web service. Using that "selector", the state can get access to all the content of your communications, via any of those channels; can gather information about anyone you communicate with, can get a full picture of all your internet use, can track your location online and offline. It can, in essence, know everything about you, including – thanks to the ability to look at your internet searches – what's on your mind.
Note: For an excellent 15-minute BBC Newsnight interview with Glenn Greenwald defending Edward Snowden's release of secret documents, click here. For more on government privacy invasions, see the deeply revealing reports from reliable major media sources available here.
The owner of the e-mail service [Lavabit, Ladar Levison,] said he closed it down after the government, in pursuit of Edward J. Snowden, sought untrammeled access to the protected messages of all his customers. Mr. Levison was willing to allow investigators with a court order to tap Mr. Snowden’s e-mail account; he had complied with similar narrowly targeted requests involving other customers about two dozen times. But they wanted more, he said: the passwords, encryption keys and computer code that would essentially allow the government untrammeled access to the protected messages of all his customers. That, he said, was too much. On Aug. 8, Mr. Levison closed Lavabit rather than, in his view, betray his promise of secure e-mail to his customers. On [October 2], a federal judge unsealed documents in the case, allowing the tech entrepreneur to speak candidly for the first time about his experiences. He had been summoned to testify to a grand jury in Virginia; forbidden to discuss his case; held in contempt of court and fined $10,000 for handing over his private encryption keys on paper and not in digital form; and, finally, threatened with arrest for saying too much when he shuttered his business. While Mr. Levison’s struggles have been with the F.B.I., hovering in the background is the N.S.A., which has worked secretly for years to undermine or bypass encrypted services like Lavabit so that their electronic message scrambling cannot obstruct the agency’s spying. Mr. Levison’s case shows how law enforcement officials can use legal tools to pry open messages, no matter how well protected.
Note: For an excellent 15-minute BBC Newsnight interview with Glenn Greenwald defending Edward Snowden's release of secret documents, click here. For more on government privacy invasions, see the deeply revealing reports from reliable major media sources available here.
Civilian drivers say they are up in arms over what they see as a double standard: cops ignoring the speed limit, at times with lethal results. Justin Hopson, a former New Jersey state trooper and author of "Breaking the Blue Wall," said police officers ... "[don't] think of it as a hypocrisy. It's more of a mentality of 'Hey, I have a badge and the ability to go fast." And it's a problem that police departments seem reluctant to acknowledge. In June 2009, a Milford, Conn., police cruiser going 94 mph in a 40 mph zone rammed into a passenger car. Ashlie Krakowski and David Servin, 19-year-old sweethearts ... were killed in the crash. The Krakowski and Servin families sued the police to uncover the scale of the problem, demanding to see dashcam video from the previous two years. "We wanted to know: Was there a culture of speeding?" Susan Servin said. "Was this an isolated incident that you could forgive a little more easily?" The families received 500 dashcam clips, including footage of an officer on a call racing at 113 mph in a 45 mph zone. But then the Milford Police Department said that it had accidentally deleted 2,000 other clips. Hopson said it was almost unheard of for cops to call each other out over speeding. Florida State Trooper Donna Watts said she received threatening phone calls and spotted strange police vehicles in front of her home after she pulled over a Miami-Dade police officer flying up Interstate 95 at speeds up to 120 mph. Watts is suing, claiming the harassment prompted her to leave road patrol and even her home.
Note: Watch this ABC video clip and this one to see how crazy this is. For more along these lines, see concise summaries of deeply revealing police corruption news articles from reliable major media sources.
While the continuing environmental disaster at the Fukushima Daiichi plant has grabbed world headlines — with hundreds of tons of contaminated water flowing into the Pacific Ocean daily — a human crisis has been quietly unfolding. Two and a half years after the plant belched plumes of radioactive materials over northeast Japan, the almost 83,000 nuclear refugees evacuated from the worst-hit areas are still unable to go home. Some have moved on, reluctantly, but tens of thousands remain in a legal and emotional limbo while the government holds out hope that they can one day return. As they wait, many are growing bitter. Now they suspect the government knows that the unprecedented cleanup will take years, if not decades longer than promised, as a growing chorus of independent experts have warned, but will not admit it for fear of dooming plans to restart Japan’s other nuclear plants. That has left the people of Namie and many of the 10 other evacuated towns with few good choices. They can continue to live in cramped temporary housing and collect relatively meager monthly compensation from the government. Or they can try to build a new life elsewhere, a near impossibility for many unless the government admits defeat and fully compensates them for their lost homes and livelihoods. For Namie’s residents, government obfuscation is nothing new. On the day they fled, bureaucrats in Tokyo knew the direction they were taking could be dangerous, based on computer modeling, but did not say so for fear of causing panic. The townspeople headed north, straight into an invisible, radioactive plume.
Note: For more on the devastation caused by nuclear power, see the deeply revealing reports from reliable major media sources available here.
Agricultural business giant Monsanto reported worse-than-expected losses for its fiscal fourth quarter ... due to lower sales of its genetically engineered seeds. The company forecast for fiscal 2014 also came in below Wall Street expectations, and it revealed plans to buy farming software and data firm The Climate Corporation. The combination sent shares lower in morning trading. The St. Louis company recorded a loss of $249 million, or 47 cents per share, for the quarter ended Aug. 31. That was wider than its loss of $264 million, or 42 cents per share, in the 2012 fourth quarter. The company's performance was hurt by a steep drop in sales of genetically modified soybean seeds, which fell 38 percent to $87 million.
Note: For more on the destructive impacts of Monsanto's GMO seed/pesticides technology, see the deeply revealing reports from reliable major media sources available here.
Physical activity may be as effective as drugs in treating heart disease and should be included as a comparison in the development of new medicines, according to a review published today in the British Medical Journal. No statistically detectable differences were evident between exercise and drug treatment for patients with coronary heart disease or prediabetes, and exercise was more effective among patients recovering from a stroke, according to a review of 16 meta-analyses that included 305 studies involving 339,274 participants. The analysis adds to evidence showing the benefit of non-medical approaches to disease through behavior and lifestyle changes. Given the cost of drug treatment, regulators should consider requiring pharmaceutical companies to include exercise as a comparator in clinical trials of new medicines, according to authors Huseyin Naci of Harvard and John Ioannidis of Stanford. “Patients deserve to understand the relative impact that physical activity might have on their condition,” Naci and Ioannidis said in the published paper. In the meantime, “exercise interventions should therefore be considered as a viable alternative to, or, alongside, drug therapy.” A landmark study by Dean Ornish, founder of the Preventive Medicine Research Institute, found that a low-fat vegetarian diet, increased exercise and stress management can reduce heart disease more than standard medical care. Patients who receive training from medical professionals on Ornish’s program for reversing heart disease have been reimbursed by Medicare since January 2011.
Note: For more inspiring ideas on replacing drugs with exercise, see Dr. Mercola's article at this link. For more on important health issues, see the deeply revealing reports from reliable major media sources available here.
Banking is heavily subsidized and is monopolized by Wall Street, which has effectively “bought” Congress. Banks have been bailed out by the government, when [they] would have gone bankrupt. The Federal Reserve blatantly manipulates interest rates in a way that serves Wall Street, lending trillions at near-zero interest and pushing rates so artificially low that local governments have lost billions in interest-rate swaps. State and municipal governments already have public lending programs. They exist because private banks are not lending in some sectors that need financing. Globally, public banks lend countercyclically, providing credit when and where other banks won’t. Germany and Taiwan, which have strong public banking sectors, are among the most competitive banking markets in the world. In North Dakota, the only state with its own “mini-Fed,” the state-owned Bank of North Dakota routes its public lending programs through community banks. Its deposit base is almost entirely composed of the revenue of the state and state agencies. The North Dakota Bankers’ Association endorses the Bank of North Dakota, which has a mandate to support the local economy. North Dakota has more banks per capita than any other state, because they have not been forced to sell to their Wall Street competitors. Public banking is not a radical idea but has been practiced in the U.S. with excellent results for decades, and around the world for centuries.
Note: For more on financial 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.