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The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night. Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put Ł75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession. Economists said the Bank’s decision to resume its quantitative easing [QE] showed it was increasingly fearful for the economy, and predicted more such moves ahead. Sir Mervyn said the Bank had been driven by growing signs of a global economic disaster. “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing.” Announcing its decision, the Bank said that the eurozone debt crisis was creating “severe strains in bank funding markets and financial markets”. Financial experts said the committee’s actions would be a “Titanic” disaster for pensioners, savers and workers approaching retirement. Under QE, the Bank electronically creates new money which it then uses to buy assets such as government bonds, or gilts, from banks. By increasing the demand for gilts, QE pushes down the interest rate yields paid to holders of these and other bonds. Critics of the policy say it pushes up inflation and drives down sterling.
Note: For lots more on the global financial crisis from reliable sources, click here.
American militants like Anwar al-Awlaki are placed on a kill or capture list by a secretive panel of senior government officials, which then informs the president of its decisions, according to officials. There is no public record of the operations or decisions of the panel, which is a subset of the White House's National Security Council. Neither is there any law establishing its existence or setting out the rules by which it is supposed to operate. The panel was behind the decision to add Awlaki ... to the target list. He was killed by a CIA drone strike in Yemen late last month. The White House is portraying the killing of Awlaki as a demonstration of President Barack Obama's toughness toward militants who threaten the United States. But the process that led to Awlaki's killing has drawn fierce criticism from both the political left and right. Obama, who ran for president denouncing predecessor George W. Bush's expansive use of executive power in his "war on terrorism," is being attacked in some quarters for using similar tactics. They include secret legal justifications and undisclosed intelligence assessments. Liberals criticized the drone attack on an American citizen as extra-judicial murder. Conservatives criticized Obama for refusing to release a Justice Department legal opinion that reportedly justified killing Awlaki.
Note: State assassination of a citizen without due process would seem to be the ultimate attack on civil liberties. For lots more on such threats from reliable sources, click here.
Rep. Lamar Smith, chairman of the House Judiciary Committee, ... demanded an independent investigation of whether Attorney General Eric Holder misled Congress on what he knew about the botched gun-tracking operation known as "Fast and Furious" - and when he found out about it. The Associated Press reported that the George W. Bush administration conducted a program similar to Fast and Furious, in which Bureau of Alcohol, Tobacco, Firearms and Explosives agents were instructed to let Mexican drug cartel straw purchasers buy guns in the Phoenix area to follow the trail to higher-ups. Known as Operation Wide Receiver, the Bush-era operation also let guns be transferred to suspected arms traffickers. Justice Department prosecutors have brought charges against nine people involved in the operation, according to AP; two have pleaded guilty. Fast and Furious was meant to take down Mexican cartels importing U.S.-bought weapons and shipping drugs to the United States. Phoenix-based ATF agents allowed the gun purchases so they could take down cartel bosses rather than only arresting lower-level purchasers. But the agents lost track of more than 1,000 firearms during the operation last year. Several were later found at the scenes of Mexican drug crimes, according to a report by the House oversight committee.
Note: For key reports from major media sources on government corruption, click here.
Yes, there are a wide array of complaints, demands, and goals from the Wall Street protesters: the collapsing environment, labor standards, housing policy, government corruption, ... and so on. Different people have been affected by different aspects of the same system -- and they believe they are symptoms of the same core problem. I witnessed [many cogent conversations] as I strolled by Occupy Wall Street's many teach-ins this morning. There were young people teaching one another about, among other things, how the economy works, ... the history of centralized interest-bearing currency, the creation and growth of the derivatives industry, and about the Obama administration deciding to settle with, rather than investigate and prosecute the investment banking industry for housing fraud. Anyone who says he has no idea what these folks are protesting is not being truthful. We all know that there are investment bankers working on Wall Street getting richer while things for most of the rest of us are getting tougher. Occupy Wall Street is meant more as a way of life that spreads through contagion, creates as many questions as it answers, aims to force a reconsideration of the way the nation does business and offers hope to those of us who previously felt alone in our belief that the current economic system is broken.
Note: For insights into the reasons why people have decided they must occupy their cities in protest of the predations of financial corporations, check out our extensive "Banking Bailout" news articles.
After 10 years of war, the vast majority of post-Sept. 11 veterans say the public does not understand the problems faced by those in the military and by their families. The public largely agrees but believes there’s nothing unfair about the outsized burden being shouldered by veterans. The findings are part of a broad new study by the Pew Research Center that documents a growing gap between civilians and a military force that has been put under intense strain over the past decade. Less than 1 percent of the U.S. population has been on active military duty at any given time during the past decade. For many Americans, the wars in Iraq and Afghanistan have been seen only in glimpses, in a newspaper or on television. For many veterans, however, the wars have meant incredible strains that have lasted long beyond their deployments. Roughly 44 percent of post-9/11 veterans say their readjustment to civilian life was difficult, according to the Pew study. By contrast, 25 percent of veterans who served in earlier eras said the same. Nearly four in 10 said that they believe they have suffered from post-traumatic stress, regardless of whether they have been formally diagnosed.
Note: The full study, "War and Sacrifice in the Post-9/11 Era," can be found here.
Republican presidential contender Ron Paul on [October 5] suggested that the United States could assassinate journalists the same way it targeted Americans with ties to al-Qaida. The Texas congressman again criticized President Barack Obama for approving last week's drone strikes in Yemen against a U.S. citizen who was tracked and executed based on secret intelligence. [Another American citizen] also died in the bombing. Escalating his criticism, Paul told a National Press Club luncheon that if citizens do not protest the deaths, the country will start adding reporters to its list of threats that must be taken out. "Can you imagine being put on a list because you're a threat? What's going to happen when they come to the media? What if the media becomes a threat? ... This is the way this works. It's incrementalism," Paul said. Paul, making his second run for the Republican presidential nomination, has built a die-hard following among the GOP's libertarian wing and has worked to court anti-war conservatives.
Note: For key reports on government corruption from major media sources, click here.
U.S. officials last week acknowledged that unmanned predator aircraft killed two U.S. citizens, Anwar al-Awlaki and Samir Khan, in Yemen. Yet, U.S. media outlets have chosen to refer to them as "American born" or "U.S.-born," as in "the American-born cleric Anwar al-Awlaki was killed by U.S. armed drones." No concrete proof of their guilt has been furnished beyond what the government and multiple media outlets have reported. In the case of the al-Awlaki killing, U.S. officials said, "Al-Awlaki played a 'significant operational role' in plotting and inspiring attacks on the United States," as they justified the killing of an American citizen. In the post-9/11 world, such reporting garners little attention from the public. But those who believe in the rule of law find such mundane pronouncements frightening. The Sixth Amendment guarantees the accused the right to a public trial by an impartial jury, regardless of his or her ethnic background or previous alleged activities. Government-sanctioned assassinations of U.S. citizens without due process should be discussed rather than blindly accepted as a victory in the war on terror. The obvious follow-up question is: What about other U.S. citizens? Might they also be targeted for assassination without due process? The targeted killings of al-Awlaki and Khan should shock Americans reared on the rule of law, justice, liberty and freedom.
Note: State assassination of a citizen without due process would seem to be the ultimate attack on civil liberties. For lots more on such threats from reliable sources, click here.
It began as the brainchild of activists across the border in Canada when an anti-consumerism magazine put out a call in July for supporters to occupy Wall Street. Now, three weeks after a few hundred people heeded that initial call and rolled out their sleeping bags in a park in New York's financial district, they are being joined by supporters in cities across the US and beyond. Protesters against corporate greed, unemployment and the political corruption that they say Wall Street represents have taken to the streets in Boston, Los Angeles, St Louis and Kansas City. The core group, Occupy Wall Street, claims people will take part in demonstrations in as many as 147 US cities this month, while the website occupytogether.org lists 47 US states as being involved. Around the world, protests in Canada, the UK, Germany and Sweden are also planned, they say. The speed of the leaderless movement's growth has taken many by surprise. The movement, which organisers say has its roots in the Arab spring and in Madrid's Puerta del Sol protests, has been galvanised by recent media attention. Last week, the Guardian reported that a NYPD police officer had been filmed spraying four women protesters with pepper spray. On Saturday, a peaceful march on Brooklyn bridge intended as a call to the other four boroughs of New York to join in resulted in 700 arrests. Some protesters claim the police trapped them.
Note: For insights into the reasons why people have decided they must occupy their cities in protest of the predations of financial corporations, check out our extensive "Banking Bailout" news articles.
‘Occupy Wall Street,’ the growing, decentralized protest movement that’s clashing with police in New York City, spreading across the country, and grabbing headlines across the world ... is also, somewhat unusually, a protest movement without clear demands, an identifiable leadership, or an evident organizational structure. Decisions are made by the NYC General Assembly, which Nathan Schneider describes as “a horizontal, autonomous, leaderless, modified-consensus-based system with roots in anarchist thought,” and thus far, the General Assembly has decided against yoking the movement to a particular set of goals, or even a particular ideology. Which is all to say that it’s important to try and understand the movement on its own terms, rather than the terms most of us are used to. Here are five places to start: - The ... ‘Occupy Wall Street blog’, and in particular, the blog’s forums. Here, for instance, is the movement’s ‘Declaration of the Occupation of New York City.’ - Nathan Schneider’s ‘Occupy Wall Street FAQ’. I’d perhaps recommend this as the single best place to start. - ‘Understanding the theory behind Occupy Wall Street’s approach,’ by Mike Konczal. Also see his post, ‘15 definitions of freedom from Occupy Wall Street.’
Note: For lots more on the reasons why people all over the world are occupying their city centers, check out our "Banking Bailout" news articles.
More than one in 10 parents use an "alternative" vaccination schedule for their young children, including refusing vaccines altogether, according to a U.S. survey ... from the University of Michigan in Ann Arbor. The Internet survey included 748 parents of kids between the ages of six months and six years. Of those, 13 percent said they used some type of vaccination schedule that differed from the CDC recommendations. That included refusing some vaccines or delaying vaccines until kids were older -- mostly because parents thought that "seemed safer." In addition, two percent of parents refused any vaccination altogether, according to findings published in Pediatrics. Even among parents who did follow the recommended schedule, about one-quarter said in the survey they thought delaying vaccines would be safer or that the expert-backed schedule wasn't the best one to follow. Parents who skip or delay vaccines typically cite safety concerns, researchers said.
Note: For many major media articles posing serious questions on the safety of many vaccines, click here. For a powerfully revealing article showing just how dangerous vaccines can be to children's health, see the excellent article by the respected Dr. Mercola available here.
Los Altos resident Doug Edwards asked President Obama something that many Americans would consider unthinkable: "Would you please raise my taxes?" Edwards, 53, can afford it. Retired after being amply compensated for being employee No. 59 at Google, he's part of a Bay Area-birthed organization called Patriotic Millionaires for Fiscal Strength. The Patriotic Millionaires contend that Americans with incomes over $1 million should shoulder a larger share of the tax burden to pay for Pell Grants, road improvements and training programs "that made it possible for me to get to where I am," as Edwards told Obama during the president's appearance last week at the Mountain View social networking company LinkedIn. Polls say most respondents agree that rich folks should pony up, as the effective tax rates for the wealthiest Americans - what people actually pay after deductions and exemptions - are at their lowest levels since 1960. And the income gap between the wealthiest and poorest Americans is at its widest mark since the Great Depression. Last year, Obama did not live up to his campaign promise to rescind the Bush-era tax cuts on upper-income Americans.
Note: Did you know that the marginal income tax rate on the very rich in the U.S. is the lowest it has been in more than 80 years? Under President Dwight Eisenhower ... it was 91 percent. Now it's 36 percent. For more on this, click here.
The psychedelic drug psilocybin (the active ingredient in “magic mushrooms”) may produce lasting, positive changes in personality, new research finds. People who took the drug showed increases in the key personality dimension of openness — being amenable to new ideas, experiences and perspectives — more than a year later. Researchers led by Katherine MacLean, a postdoctoral student at Johns Hopkins University, analyzed personality data on 52 participants (average age 46) who had participated in the group’s earlier research on the drug. These volunteers took psilocybin during two to five sessions, at various doses, under highly controlled conditions at the hospital. The earlier study had found positive psychological changes — documented by both participants and their family members and other associates — in calmness, happiness and kindness. The new research found that the drug takers also saw long-term changes to their underlying personality. The personality changes also ran counter to those expected as people age. Normally, as people grow older, they become increasingly less open to new ideas and new experiences. In contrast, in participants who experienced had what researchers call a “full mystical experience,” the scientists saw a shift toward increased openness, as though the volunteers had become decades younger. People became more curious and more interested in new ideas and experiences and in trying new things.
As food growers, sellers and eaters, we’re moving in two directions at once. The number of hungry people has soared to nearly 1 billion, despite strong global harvests. Power over soil, seeds and food sales is ever more tightly held, and farmland in the global South is being snatched away from indigenous people by speculators set to profit on climbing food prices. Just four companies control at least three-quarters of international grain trade. Conditions for American farmworkers remain so horrific that seven Florida growers have been convicted of slavery involving more than 1,000 workers. Life expectancy of US farmworkers is forty-nine years. Hunger has grown 43 percent in five years in the United States. More hungry people live in India than in all of sub-Saharan Africa. Hunger is caused by an economic system that is driven by the rule: highest return to existing wealth. Because of this system, economic inequality is worsening in most of the world. There is, however, another current, which is democratizing power and aligning farming with nature’s genius. Many call it simply “the global food movement.” In the United States it’s building on the courage of truth tellers from Upton Sinclair to Rachel Carson, and worldwide it has been gaining energy and breadth for at least four decades. It is at heart revolutionary, with some of the world’s poorest people in the lead, from Florida farmworkers to Indian villagers. It has the potential to transform not just the way we eat but the way we understand our world, including ourselves. And that vast power is just beginning to erupt.
Is it legal for the federal government to kill a U.S. citizen overseas, someone who has never been charged or convicted of a crime? Civil liberties groups are condemning the killing of Anwar al-Awlaki, but many legal scholars say it is justified. No U.S. court has ever weighed in on the question, because judges consider these sorts of issues exclusively matters for the president. Anwar al-Awlaki's father, Nasser, with the help of the ACLU, sued President Barack Obama, Defense Secretary Robert Gates and CIA Director Leon Panetta a year ago, when it became clear that the U.S. was targeting the younger al-Awlaki. But U.S. District Judge John Bates threw the case out, ruling that federal courts were in no position to evaluate whether someone was a terrorist whose activities threatened national security and against whom the use of deadly force could be justified. The ACLU lawyer who handled the case, Jameel Jaffer, said Friday that the U.S. program that targeted al-Awlaki was a violation of both U.S. and international law. "The government's authority to use lethal force against its own citizens should be limited to circumstances in which the threat to life is concrete, specific and imminent. It is a mistake to invest the president, any president, with the unreviewable power to kill any American whom he deems to present a threat to the country," Jaffer said.
Note: For lots more from reliable sources on the illegal prosecution of the "Global War on Terror", click here.
The pretrial proceedings of Mexican drug kingpin Jesus Vicente Zambada-Niebla [provide] a glimpse into the transnational business of the Mexican drug cartels, which serve a growing demand for illegal drugs in the U.S. A member of the Sinaloa Cartel, Zambada-Niebla faces federal charges of trafficking tons of narcotics to Chicago and other cities using trains, ships, jets and even submarines between 2005 and 2008. Zambada-Niebla, 35, is considered a narco junior, as the sons of drug kingpins are known in Mexico. They have taken over the control of the cartels started by their fathers. The narco juniors are known for having attended private schools, being well-polished and having an appetite for luxury cars, designer clothing and beauty queens. Since Zambada-Niebla was extraded to Chicago in early 2010, his pretrial proceedings have sparked controversy on both sides of the border. He first complained about jail conditions. Then he dropped a diplomatic bomb, contending that he and another member of the Sinaloa cartel were informants for the Drug Enforcement Administration and had been promised immunity from prosecution. The federal authorities refuted the claim, but acknowledged that fugitive Sinaloa Cartel member and lawyer Humberto Loya Castro was indeed a DEA informant. In Mexico, the drug cartel wars have claimed more than 40,000 lives. The U.S. Justice Department thinks the Mexican cartels operate in more than 1,000 American cities.
Note: Not mentioned in this article or anywhere we've seen in the media is that US government prosecutors are invoking a 30-year-old law known as the Classified Information Procedures Act to assure that classified materials do not become public during the court proceedings. What could they be hiding? Click here for more. For powerful evidence from top reporters that elements within government are involved in drug trafficking, click here.
The ancient Mayans had contact with alien visitors who left behind evidence of their existence, according to a new Mexican documentary. Sundance winner Juan Carlos Rulfo's Revelations of the Mayans 2012 and Beyond is currently in production for release next year to coincide with the end of the Mayan calendar. So far, the minister of tourism for the Mexican state of Campeche, Luis Augusto García Rosado, appears to be the highest-ranking government official to go on record confirming the discovery of extraterrestrial life, but he's not holding back. In a statement, Rosado spoke of contact "between the Mayans and extraterrestrials, supported by translations of certain codices, which the government has kept secure in underground vaults for some time". He also spoke of "landing pads in the jungle that are 3,000 years old". The documentary is believed to focus in part on previously unexplored sections of a Mayan site at Calakmul, Mexico, as well as a number of sites in Guatemala, where officials are also backing the documentary. "Guatemala, like Mexico, home to the ancient-yet-advanced Mayan civilisation … has also kept certain provocative archeological discoveries classified, and now believes that it is time to bring forth this information in the new documentary," Guatemala's minister of tourism, Guillermo Novielli Quezada, said in a statement.
Note: An earlier Chicago Tribune article on this fascinating documentary was strangely removed from their website.
Researchers from the Argonne National Laboratory in Illinois have developed a hack that, for about $26 and an 8th-grade science education, can remotely manipulate the electronic voting machines used by millions of voters all across the U.S. The researchers ... performed their proof-of-concept hack on a Diebold Accuvote TS electronic voting machine, a type of touchscreen Direct Recording Electronic (DRE) voting system that is widely used for government elections. Diebold's voting-machine business is now owned by the Denver-based Dominion Voting Systems, whose e-voting machines are used in about 22 states. Roger Johnston and Jon Warner from Argonne National Laboratory's Vulnerability Assessment Team demonstrate three different ways an attacker could tamper with, and remotely take full control, of the e-voting machine simply by attaching what they call a piece of "alien electronics" into the machine's circuit board. The electronic hacking tool consists of a $1.29 microprocessor and a circuit board that costs about $8. Together with the $15 remote control, which enabled the researchers to modify votes from up to a half-mile away, the whole hack runs about $26.
Note: Why isn't this making news headlines? For more on this critical development, click here. For many other news articles on serious problems with elections, click here.
Their complaints range from corruption to lack of affordable housing and joblessness, common grievances the world over. But from South Asia to the heartland of Europe and now even to Wall Street, these protesters share something else: wariness, even contempt, toward traditional politicians and the democratic political process they preside over. They are taking to the streets, in part, because they have little faith in the ballot box. Economics have been one driving force, with growing income inequality, high unemployment and recession-driven cuts in social spending breeding widespread malaise. Alienation runs especially deep in Europe, with boycotts and strikes. The protest movements in democracies are not altogether unlike those that have rocked authoritarian governments this year, toppling longtime leaders in Tunisia, Egypt and Libya. Protesters have created their own political space online that is chilly, sometimes openly hostile, toward traditional institutions of the elite. “You’re looking at a generation of 20- and 30-year-olds who are used to self-organizing,” said Yochai Benkler, a director of the Berkman Center for Internet and Society at Harvard University. “They believe life can be more participatory, more decentralized, less dependent on the traditional models of organization, either in the state or the big company. Those were the dominant ways of doing things in the industrial economy, and they aren’t anymore.”
Note: For key insights from major media sources into the reasons why so many are protesting worldwide, click here.
Magnetic pulses applied to a specific region of the frontal cortex can influence peoples' willingness to lie spontaneously or tell the truth, according to a new study by researchers from Estonia. The findings ... suggest that manipulations of brain activity could be an effective way of obtaining truthful responses from defendants and criminal suspects, raising more ethical questions about the application of neuroscience technologies in the legal profession. [The researchers] recruited 16 volunteers, and showed them red and blue discs, which were presented randomly on a computer screen. The participants were asked to name the colour of each disc, and that they could do so correctly or incorrectly at their free will. Statistical analysis of the results revealed that magnetic stimulation directed at the left DLPFC slightly increased the participants' tendency to lie about the colour of the discs, whereas stimulation of the right DLPFC slightly reduced it. By contrast, stimulation of the left or right parietal cortex had no effect on the participants' propensity to lie.
Note: For key reports from reliable sources on mind control, click here.
The full humanitarian impact of the world economic crisis became clearer this week, as UN and global agencies warned of huge job losses, a rise in the number of people afflicted by chronic undernourishment, and the "extraordinary price" being paid by children and other vulnerable groups as mass austerity programmes constrict the developing world. In a report prepared with the Organisation for Economic Co-operation and Development (OECD) ... the International Labour Organisation said the group of developing and developed nations had seen 20m jobs disappear since the 2008 financial crisis. At current rates it would be impossible to recover them in the near term and there was a risk of the number doubling by the end of next year, it said. The World Disasters Report, published by the International Federation of Red Cross and Red Crescent Societies, concluded that the number of people worldwide who are undernourished must be at least 1 billion. Of these, around 60% are women. A total of 178 million children under five have stunted growth as a result of lack of food. Meanwhile, a study by the UN children's fund, Unicef, said there would be "irreversible impacts" from wage cuts, tax increases, benefit reductions and cuts in subsidies that bore most heavily on the most vulnerable in low-income nations. Unicef said: "In the wake of the food, fuel and financial shocks, a fourth wave of the global economic crisis began to sweep across developing countries in 2010: fiscal austerity."
Note: If nations around the world donated just a few percent of their military budgets to food and nutrition programs for the poor, malnutrition and starvation worldwide could be dramatically reduced, if not eliminated. For lots more from reliable sources on income inequality, click 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.