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.
General Electric, the nation’s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion. That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E. The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies. Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well. The team includes former officials not just from the Treasury, but also from the I.R.S. and virtually all the tax-writing committees in Congress. While General Electric is one of the most skilled at reducing its tax burden, many other companies have become better at this as well.
Note: For key reports from major media sources on corporate and government corruption, click here and here.
Carlos Lam, a Republican activist and Indiana deputy prosecutor, has resigned amid revelations that he sent an email calling for a fake attack on Wisconsin Governor Scott Walker designed to discredit union protesters. Walker, a Republican, was the target of protests for his efforts to roll back many union collective bargaining rights in his state. In a Feb. 19 email uncovered by the Wisconsin Center for Investigative Journalism, Lam apparently told Walker he had a "good opportunity" to win public sympathy with a "'false flag' operation." "If you could employ an associate who pretends to be sympathetic to the unions' cause to physically attack you (or even use a firearm against you), you could discredit the unions," read the email. Lam initially denied having sent the email. He [claimed] he had been shopping for a minivan with his family when it was sent, and suggested his email account had been infiltrated by his political enemies. Lam resigned as deputy prosecutor on Thursday morning, however, reportedly telling his boss he had indeed sent the email. Last month, another Indiana official -- Deputy Attorney General Jeff Cox - lost his job for calling on law enforcement to "use live ammunition" on Wisconsin protesters. Also in February, Walker was the victim of a prank call by a liberal journalist pretending to be billionaire conservative activist David Koch. When the journalist suggested planting people among the protesters to stir up trouble, Walker responded that "we thought about that" but added that he had decided against it.
Note: To learn more about the prevalence of "false flag" operations in politics with links to reliable, verifiable sources, click here. For more on this official's call for a false-flag attack, click here.
The chaos at the Fukushima Daiichi nuclear plant — explosions, fires, ruptures — has not shaken the bipartisan support in partisan Washington for the U.S.'s so-called nuclear renaissance. Republicans have dismissed Japan's crisis as a once-in-a-lifetime fluke. President Obama has defended atomic energy as a carbon-free source of power, resisting calls to halt the renaissance and freeze construction of the U.S.'s first new reactors in over three decades. But there is no renaissance. Even before the earthquake-tsunami one-two punch, the endlessly hyped U.S. nuclear revival was stumbling, pummeled by skyrocketing costs, stagnant demand and skittish investors, not to mention the defeat of restrictions on carbon that could have mitigated nuclear energy's economic insanity. Obama has offered unprecedented aid to an industry that already enjoyed cradle-to-grave subsidies, and the antispending GOP has clamored for even more largesse. But Wall Street hates nukes as much as K Street loves them, which is why there's no new reactor construction to freeze. Once hailed as "too cheap to meter," nuclear fission turns out to be an outlandishly expensive method of generating juice for our Xboxes.
Note: For many reports from major media sources on the government and corporate corruption that allows the nuclear industry to continue, click here and here.
Aetna Inc. is suing six New Jersey doctors over medical bills it calls “unconscionable,” including $56,980 for a bedside consultation and $59,490 for an ultrasound that typically costs $74. The lawsuits could help determine what pricing limits insurers can impose on ”out-of-network” physicians who don’t have contracts with health plans that spell out how much a service or procedure can cost. One defendant billed $30,000 for a Caesarean birth, and another raised his fee for seeing a critically ill patient in a hospital to $9,000 in 2008 from $500 the year before, the insurer alleges in the suits. Aetna tried in 2007 to impose caps on some out-of-network payments, prompting doctor complaints to the New Jersey Department of Banking and Insurance. The agency sided with the doctors, fined the company $2.5 million, and ordered it to pay out-of-network practitioners enough so that patients wouldn’t be asked to pay balances other than co-pays. In 2009, Aetna, UnitedHealth Group Inc., Cigna Corp. and WellPoint Inc. were accused by the New York attorney general of underpaying out-of-network physicians by manipulating a database used to calculate payments. They paid a total of $90 million in settlements without admitting wrongdoing. UnitedHealthcare agreed that year to pay $350 million to settle a lawsuit by the American Medical Association over the same issues. Similar AMA lawsuits against Aetna, Cigna and Wellpoint are pending.
Note: Is the American health care system out of control? For lots more from reliable sources on corporate corruption, click here.
New rules allow investigators to hold domestic-terror suspects longer than others without giving them a Miranda warning, significantly expanding exceptions to the instructions that have governed the handling of criminal suspects for more than four decades. The move is one of the Obama administration's most significant revisions to rules governing the investigation of terror suspects in the U.S. The new rules give interrogators more latitude and flexibility to define what counts as an appropriate circumstance to waive Miranda rights. The Justice Department believes it has the authority to tinker with Miranda procedures. Making the change administratively rather than through legislation in Congress, however, presents legal risks. Before becoming president, Mr. Obama had criticized the Bush administration for going outside traditional criminal procedures to deal with terror suspects, and for bypassing Congress in making rules to handle detainees after 9/11. He has since embraced many of the same policies while devising additional ones—to the disappointment of civil-liberties groups that championed his election.
Note: For key reports from major media sources on government threats to civil liberties, click here.
The "war on drugs" has failed and should be abandoned in favour of evidence-based policies that treat addiction as a health problem, according to prominent public figures including former heads of MI5 and the Crown Prosecution Service. Leading peers – including prominent Tories – say that despite governments worldwide drawing up tough laws against dealers and users over the past 50 years, illegal drugs have become more accessible. Vast amounts of money have been wasted on unsuccessful crackdowns, while criminals have made fortunes importing drugs into this country. The increasing use of the most harmful drugs such as heroin has also led to “enormous health problems”, according to the group. The MPs and members of the House of Lords, who have formed a new All-Party Parliamentary Group on Drug Policy Reform, are calling for new policies to be drawn up on the basis of scientific evidence. It could lead to calls for the British government to decriminalise drugs, or at least for the police and Crown Prosecution Service not to jail people for possession of small amounts of banned substances.
Note: If you examine topics on which the government has declared war, what is being fought against often increases instead of decreasing. Could it be that the best way to deal with serious problems is not to wage war?
South of El Paso, Texas, on Mexico's side of the border, lies Juarez - the most dangerous city in the world. ATF [U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives] Special Agent Rene Jaquez has been stationed there for the past year, trying to keep U.S. guns from being trafficked into Mexico. "That's what we do as an agency," Jaquez said. "ATF's primary mission is to make sure that we curtail gun trafficking." That's why Jaquez tells CBS News he was so alarmed to hear his own agency may have done the opposite: encouraged U.S. gun dealers to sell to suspected traffickers for Mexico's drug cartels. Apparently, ATF hoped that letting weapons "walk" onto the street - to see where they'd end up - would help them take down a cartel. Jaquez is so opposed to the strategy, he's speaking out. "You don't let guns walk. I've never let a gun walk." Yet ATF agents told us they were ordered to let thousands of weapons walk. But ATF wasn't working alone on the case known as "Fast and Furious." Documents show ATF had conference calls with "DHS" (Homeland Security). "USMS" (U.S. Marshals) and DEA. An "ICE," or Customs agent, was on ATF's Fast and Furious team. They were advised by an "AUSA," or Assistant U.S. Attorney under the Justice Department. Jaquez says he's left wondering whether runaway violence in Mexico can be partly blamed on the agency tasked with stopping it.
Note: For many reports from reliable sources on government corruption, click here.
The Federal Reserve will disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view. The justices ... left intact a court order that gives the Fed five days to release the records, sought by Bloomberg News' parent company, Bloomberg. The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window. "I can't recall that the Fed was ever sued and forced to release information" in its 98-year history, said Allan H. Meltzer, the author of three books on the U.S central bank and a professor at Carnegie Mellon University in Pittsburgh. The disclosures, together with details of six bailout programs released by the central bank in December under a congressional mandate, would give taxpayers insight into the Fed's unprecedented $3.5 trillion effort to stem the 2008 financial panic. Under the trial judge's order, the Fed must reveal 231 pages of documents related to borrowers in April and May 2008, along with loan amounts. News Corp.'s Fox News is pressing a bid for 6,186 pages of similar information on loans made from August 2007 to November 2008.
Note: For a treasure trove of reports from major media sources on the hidden activities of the Fed and the biggest Wall Street and international banks, click here.
Commanders in Afghanistan are bracing themselves for possible riots and public fury triggered by the publication of "trophy" photographs of US soldiers posing with the dead bodies of defenceless Afghan civilians they killed. Senior officials at Nato's International Security Assistance Force in Kabul have compared the pictures published by the German news weekly Der Spiegel to the images of US soldiers abusing prisoners in Abu Ghraib in Iraq which sparked waves of anti-US protests around the world. They fear that the pictures could be even more damaging as they show the aftermath of the deliberate murders of Afghan civilians by a rogue US Stryker tank unit that operated in the southern province of Kandahar last year. The case has already created shock around the world, particularly with the revelations that the men cut "trophies" from the bodies of the people they killed. An investigation by Der Spiegel has unearthed approximately 4,000 photos and videos taken by the men. The US military has strived to keep the pictures out of the public domain. The lengthy Spiegel article that accompanies the photographs contains new details about the sadistic behaviour of the men.
Note: For many reports from reliable sources on atrocities and illegal activities by US military forces in Afghanistan and Iraq, click here.
It turns out that nuclear waste has more in common with the financial world than being a metaphor for the worst of its toxic assets. Nuclear waste — some of which remains disastrously radioactive for 100,000 years — turns out to be the ultimate tail risk. Tail risk, of course, is the statistical term much in vogue in the financial press for describing unlikely events. (The 'tail' in tail risk refers to the tail-shaped edges in the bell curve of a normal distribution.) These allegedly unlikely events are sometimes referred to as black swans. Black swans are occurring with such regularity in these volatile times that they can no longer be considered true statistical outliers. [Take] a look at these outlier events within the context of building nuclear waste containment vessels. Repository builders have to take into account a tail risk of future humans disturbing the site and not realising the danger facing themselves and their ecology. People might regress towards a pre-industrial state or lose language over a timescale like that. So you have to design a marker that scares people away, but doesn't flip them over into morbid curiosity towards exploring further and, potentially, dooming an entire civilisation with radioactive poisoning.
Anonymous, an online hacker group, released a string of e-mails last week that purportedly show mortgage document fraud at Bank of America. Many people yawned. After all, there have been well-documented cases of mortgage fraud and illegal foreclosures, and little has been done to punish Bank of America or any of the banks for their behavior. But just because the federal government has been slow to act on the mortgage crisis doesn't mean that these e-mails are any less valuable. The e-mails are a chain showing requests for Balboa Insurance employees to remove document tracking numbers from the system of record. Balboa Insurance became a division of Bank of America after the bank bought the bankrupt home loan company Countrywide Financial. The idea suggested in the e-mails was to misplace individual documents away from matching loans. This would make it harder for federal auditors to investigate individual loans. It would also make it far more difficult for individual homeowners to dispute or question bank action on their loans - and therefore obtain mortgage modifications or a stay on bank foreclosure. The Anonymous e-mails are serious indeed. They're a snapshot into why the mortgage mess spiraled out of control. While they don't tell the whole story, they point to the need for further investigation and possible action on behalf of the federal government. When people are losing their homes, the banks shouldn't be allowed to get away with deception.
Note: For a treasure trove of reports by major media sources on the collusion between government and banks against the public interest, click here.
A few weeks before the tsunami struck Fukushima’s uranium reactors and shattered public faith in nuclear power, China revealed that it was launching a rival technology to build a safer, cleaner, and ultimately cheaper network of reactors based on thorium. China’s Academy of Sciences said it had chosen a “thorium-based molten salt reactor system”. The liquid fuel idea was pioneered by US physicists at Oak Ridge National Lab in the 1960s. Chinese scientists claim that hazardous waste will be a thousand times less than with uranium. The system is inherently less prone to disaster. “The reactor has an amazing safety feature,” said Kirk Sorensen, a former NASA engineer at Teledyne Brown and a thorium expert. “If it begins to overheat, a little plug melts and the salts drain into a pan. There is no need for computers, or the sort of electrical pumps that were crippled by the tsunami. The reactor saves itself,” he said. US physicists in the late 1940s explored thorium fuel for power. It has a higher neutron yield than uranium, a better fission rating, longer fuel cycles, and does not require the extra cost of isotope separation. The plans were shelved because thorium does not produce plutonium for bombs. As a happy bonus, it can burn up plutonium and toxic waste from old reactors, reducing radio-toxicity and acting as an eco-cleaner.
Note: For a 30-minute documentary on the powerful potential of thorium as an energy source, click here. For many reports from reliable sources on promising new energy technologies, click here.
Beremedy is an organization that utilizes social media such as Twitter, Facebook and blogs to streamline the donation of food, clothing and furniture to people in need. The name is a short way to say "you be the remedy for someone in need." Blake Canterbury is a charming 26-year-old with a background in new media marketing. He founded Beremedy in 2009, after flooding washed over parts of Atlanta, in order to get items such as baby formula and diapers to people in need. "Everyone I've ever met in my entire life wanted to help other people; they just didn't know where to start," Canterbury says. "We thought, 'What would this city look like with 10,000 people getting a text message at the same time of needs in their community? Surely people would want to help with that." The process is simple: Canterbury receives needs from nonprofits, school social workers and individuals looking for help directly on Beremedy.org. Canterbury and a team of four volunteers use Google Wave to communicate about what needs they will accept or deny. Once a need is determined, a member of the team is assigned as case manager and writes a blurb about the story. Canterbury blasts out the write-up on Twitter and Facebook with a link back to the full story on Beremedy's site.
"The facts in the report speak for themselves, but the principles it describes could apply to funds throughout the United States and overseas." That's attorney Philip Khinda, talking about the 75-page report he delivered last week to the California Public Employees' Retirement System on dealings involving former senior executives and board members with so-called placement agents, and how the latter got tens of millions of dollars in questionable fees for their services. The report is the culmination of a 17-month investigation headed by Khinda, a partner at the Washington law firm Steptoe & Johnson, which was hired by CalPERS for the job. Citing the $800 million a year CalPERS was paying out in fees, the report concludes that "the excessive nature created an environment in which external managers were willing and able to pay fees at a level that bore little or no relationship to the services apparently provided by the placement agents ... Many of the abuses relating to placement agent arrangements were, in a sense, a symptom of a larger problem." That larger problem applies, in part, to funds throughout the United States and overseas, ranging from other public pension funds to sovereign wealth funds investing in the United States. With the amount of money at stake, the fat fees involved, and the various middlemen looking for a piece, events similar to what transpired at CalPERS could just as easily appear elsewhere.
Note: For a treasure trove of reports by major media sources on the collusion between government and financial corporations against the public interest, click here.
Dr Abhay Bang does not look like a pioneer. And yet ... this is the man who has revolutionised healthcare for the poorest people in India and who has overseen a programme that has sent infant mortality rates plummeting in one of the most poverty-stricken areas of the world. Medical experts now believe that Dr Bang's radical beliefs hold the key to tackling the myriad endemic health problems that blight the developing word. Instead of accepting the traditional hospital-based treatment model, Dr Bang has spent the last 26 years training up local volunteers in Gadchiroli, one of the most deprived districts in the Indian state of Maharashtra, to treat simple maladies at home. The World Health Organisation and Unicef have recently endorsed his approach to treating newborn babies and the programme is currently being rolled out to parts of Africa. In 1988, 121 newborn babies were dying out of every 1,000 births in the area. The newborn death rate in Gadchiroli has now fallen to 30 per 1,000 live births. Dr Bang's solution was simple: he trained a group of local women in the basics of neonatal care. They were taught how to diagnose pneumonia (using an abacus to count breaths), how to resuscitate children and how to administer some basic antibiotics. Instead of villagers having to walk for miles to get to the nearest hospital, these health visitors (called arogyadoots, which means "health messengers") went to where they were most needed.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
U.S. government officials, in private sessions on Capitol Hill [on Friday, March 18], repeatedly declined to give details of radiation measurements at the stricken Japanese nuclear complex, saying the situation is shrouded in a "fog of war." Separately, the Obama administration said ... "miniscule quantities" of radiation from the Japanese nuclear accident were detected Friday at a monitoring station in Sacramento, Calif., a day after similar traces of radiation were detected in Washington state. The administration said the levels of the radioactive isotope xenon 133 were approximately equivalent to one-millionth the dose received from the sun, rocks or other natural sources. The Obama administration's reluctance to detail in public what it is learning from radiation-detection operations around the damaged Fukushima Daiichi complex in Japan ... comes after statements Wednesday by the head of the U.S. Nuclear Regulatory Commission that painted a grimmer picture of the nuclear crisis than Japanese officials had offered, and suggested that the U.S. didn't trust the information coming from the Japanese government.
Note: Shouldn't the title be something more like "U.S. Refuses to Give Radiation Details for Fear of Industry Repercussions"? How sad that money often continues to trump public health in matters like this.
This week, the Michigan legislature passed – and the governor signed into law – a bill that would permit Governor Rick Snyder to push aside elected city officials and replace them with emergency financial managers in any municipality or school district facing financial difficulties. The law would include virtually every town and city in the state as those cities that aren’t bankrupt already soon will be once the governor’s proposed budget – which cuts billions in aid to municipalities and school districts – is approved by the legislature. One of the most shocking, Draconian, democracy-destroying measures in the history of this country has became law – and the nation has seemingly slept through it. The new law, described by one of the GOP legislators sponsoring the bill as “financial martial law”, empowers the governor’s appointees [referred to as ‘Emergency Financial Managers’] to fire duly elected local officials, cancel labor contracts and even dissolve entire communities and school districts. This is about so much more than collective bargaining agreements and unions. This law gives an appointee of the governor – which, by the way, may be a corporation – the authority to dismiss any or all of a municipality’s elected government officials.
Note: For a treasure trove of reports by major media sources on the collusion between government and financial powers against the public interest, click here.
Before the Second World War, the Ministry of War confidently predicted what would happen when London was bombed from the air by Nazi planes. There would be, they warned, "a mass outbreak of hysterical neurosis among the civilian population". The same predictions are made about every disaster – that once the lid of a tightly policed civilization is knocked off for a second, humans will become beasts. But the opposite is the case. It sounds grotesque to say we should see reasons for hope as we watch in real time while the earth is shaken six inches on its axis, tsunamis roar, and nuclear power stations teeter on meltdown. But it is true. From this disaster, we can learn something fundamental about our species. The evidence gathered over centuries of disasters, natural and man-made, is overwhelming. The vast majority of people, when a disaster hits, behave in the aftermath as altruists. They organise spontaneously to save their fellow human beings, to share what they have, and to show kindness. They reveal themselves to be better people than they ever expected. When the social scientist Enrico Quarantelli tried to write a thesis on how people descend into chaos and panic after disasters, he concluded: "My God! I can't find any instances of it." On the contrary, he wrote, in disasters "the social order does not break down... Co-operative rather than selfish behaviour predominates".
Note: For a beautiful example of how people come together to help and support each other in the face of a major crisis, read the inspiring "Letter from Sendai" which has gone viral on the Internet at this link.
Nuclear plants in the United States last year experienced at least 14 "near misses," serious failures in which safety was jeopardized, at least in part, due to lapses in oversight and enforcement by US nuclear safety regulators, says a new report. They occurred with alarming frequency – more than once a month – which is high for a mature industry, said the study of nuclear plant safety performance in 2010 by the Union of Concerned Scientists, a Washington-based nuclear watchdog group. The report, the first in what the UCS expects will become an annual study, details both successes and failures by the US Nuclear Regulatory Commission, which it calls "the cop on the beat." Charged with overseeing America's fleet of 104 nuclear reactors, the NRC made some "outstanding catches," but was also inconsistent in its oversight, seeming at times to nod off when most needed. "The chances of a disaster at a nuclear plant are low," the report states. "But when the NRC tolerates unresolved safety problems – as it did last year at Peach Bottom, Indian Point, and Vermont Yankee – this lax oversight allows that risk to rise. The more owners sweep safety problems under the rug and the longer safety problems remain uncorrected, the higher the risk climbs."
Note: For many reports from reliable sources on government corruption, click here.
An Afghan warlord backed by US special forces faces persistent allegations that he launched a two-year spate of violence involving burglary, rape and murder of civilians, desecration of mosques and mutilation of corpses. Yet, despite repeated warnings about the atrocities Commander Azizullah is alleged to have committed, he has remained on the payroll of the US military as an "Afghan security guard", a select band of mercenaries. Interviews with religious leaders, tribal elders, villagers, contractors and Western and Afghan officials all pointed to a reign of terror in which they believe 31-year-old Azizullah, an ethnic Tajik, targeted Pashtun civilians while fighting the Taliban. The testimony also tallied with several independent reports documenting the allegations against Azizullah. The allegations of persistent abuses are embarrassing for Nato, and not just because of the closeness with an alleged war criminal. They also showcase the biggest drawbacks of militias, which US commander General David Petraeus wants to expand aggressively across Afghanistan. He wants to triple the size of "local defence initiatives" [militias] to 30,000 members nationwide.The consequences are too awful to contemplate: resurgent warlords, deepening ethnic tensions, widespread bloodletting and the erosion of what little authority the government in Kabul has left.
Note: For many reports from reliable sources on atrocities and illegal activities by US military forces in Afghanistan and Iraq, 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.