News ArticlesExcerpts of Key News Articles in Major Media
Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.
The insurer AIG is suing Bank of America to recover more than $10 billion of losses from a "massive fraud" on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank. American International Group Inc, still largely owned by taxpayers after $182.3-billion of government bailouts, is the latest of a growing number of investors filing lawsuits to hold banks responsible for losses on soured mortgages that contributed to the financial crisis. The AIG complaint accuses Bank of America and its Countrywide and Merrill Lynch units of misrepresenting the quality of mortgages placed in securities and sold to investors. "Defendants were engaged in a massive scheme to manipulate and deceive investors, like AIG, who had no alternative but to rely on the lies and omissions made," said the complaint, being filed in the New York State Supreme Court in Manhattan. Bank of America bought Countrywide for $2.5 billion in July 2008 and acquired Merrill six months later. The Countrywide acquisition is almost universally considered a disaster because of the costs of litigation and writing down bad loans.
Note: For lots more from reliable sources on the government bailout of major banks and Wall Street corporations, click here.
For nearly seven decades, the American public has accepted one version of the events that led to Japan’s surrender. Aug. 6 [is] the anniversary of the Hiroshima bombing’s mixed legacy. The leader of our democracy purposefully executed civilians on a mass scale. Yet the bombing also ended the deadliest conflict in human history. In recent years, however, a new interpretation of events has emerged. Tsuyoshi Hasegawa - a highly respected historian at the University of California, Santa Barbara - has marshaled compelling evidence that it was the Soviet entry into the Pacific conflict, not Hiroshima and Nagasaki, that forced Japan’s surrender. According to his close examination of the evidence, Japan was not poised to surrender before Hiroshima, ... nor was it ready to give in immediately after the atomic bomb. Instead, it took the Soviet declaration of war on Japan, several days after Hiroshima, to bring the capitulation. Both the American and Japanese public have clung to the idea that the mushroom clouds ended the war. That may help explain why Hasegawa’s thesis, which he first detailed in an award-winning 2005 book and has continued to bolster with new material, is still little known outside of academic circles.
Note: The atomic bombs almost certainly played a role in the decision to end the war, yet this new thesis shows that there were other factors of key importance which may have been downplayed.
With the first anniversary of the Dodd-Frank financial reform law on July 21, ... what has it accomplished? Consumer advocates, many congressional Democrats and some economists say banks are still too big, the derivatives market remains untamed and opaque, and regulators have been slow to write hundreds of rules. Rules forcing most derivatives trades to be processed through clearinghouses, and backed by collateral, should ... be accepted globally to avoid regulatory arbitrage, in which trading firms move to countries with the least intrusive, and lowest cost, oversight. Less than three years ago, the financial system almost buckled under the weight of worthless mortgages, and the country narrowly avoided another Great Depression. Regulators had been blind to the credit boom and bust; banks took huge risks that exploited regulatory gaps. Today, the economy remains weak ... because of the lingering fallout of the financial crisis. Dodd-Frank isn’t perfect, but already its influence on the financial system has been positive, in ways big and small. Accounting is more transparent; off-balance-sheet assets are largely a thing of the past. [Yet] with the top 10 U.S. banks holding 77 percent of the industry’s domestic assets, compared with 55 percent in 2002, too-big-to-fail is an even bigger worry today. Thomas M. Hoenig, the Kansas City Federal Reserve president, has said that the incentives for risk-taking that existed before the crisis all remain in place.
Note: For many of the most informative reports from major media sources on the financial meltdown and government bailout of the biggest banks, click here.
In the months before Osama bin Laden was [allegedly] killed, the Central Intelligence Agency ran a phony vaccination program in Abbottabad, Pakistan, as a ruse to obtain DNA evidence from members of Bin Laden’s family thought to be holed up in an expansive compound there, according to an American official. The vaccination program ... adds a new twist to the months of spy games that preceded the nighttime raid in early May. It has also aggravated already strained tensions between the United States and Pakistan. The operation was run by a Pakistan doctor, Shakil Afridi, whom Pakistani spies have since arrested for his suspected collaboration with the Americans. Dr. Afridi remains in Pakistani custody, the American official said. Obama administration officials have said publicly they were not sure whether Bin Laden was in Abbottabad when dozens of Navy Seals commandos stormed the house in May. Pakistani military and intelligence operatives were furious about the American raid ... and relations between the United States and Pakistan have only plummeted since. Pakistani officials have suggested that they might use troops to repel another incursion into Pakistan.
Note: For WantToKnow team member David Ray Griffin's book, Osama bin Laden: Dead of Alive?, demonstrating the high likelihood that Osama Bin Laden died in 2001, click here. For a four-minute leaked Pentagon video revealing plans to use vaccines to secretly modify behavior, click here.
The food and advertising industries have launched a multi-pronged campaign to squash government efforts to create voluntary nutritional guidelines for foods marketed to children. Calling themselves the Sensible Food Policy Coalition, the nation’s biggest foodmakers, fast-food chains and media companies, including Viacom and Time Warner, are trying to derail standards proposed by four federal agencies. The U.S. Chamber of Commerce has also lent its lobbying muscle to the effort. The guidelines are designed to encourage foodmakers to reduce salt, added sugars and fats in foods and drinks targeted to children. Public-health experts say children, many of whom may lack the critical-thinking skills to understand advertising, are bombarded daily by television ads, Web sites, toy giveaways and cartoon characters promoting junk food. The food and beverage industry spends about $2 billion a year marketing directly to children. The business community has portrayed the government’s guidelines as job-killing government overreach. “We allow companies into our homes to manipulate children to want food that will make them sick,” said Margo Wootan of the Center for Science in the Public Interest.
Note: The "Sensible Food Policy Coalition" is arguing against voluntary guidelines designed to help our children eat more nutritious food. Is that Orwellian doublespeak or what?
What is definitely known about Area 51 is that it’s used by the US government to develop and test experimental aircraft and weapons systems and that it’s been doing this since flight-testing of the U-2 spy plane began there in 1955. Designed by Lockheed, on behalf of the CIA, the U-2 was a high-altitude, long-range aircraft capable of flying over enemy territory and taking pictures, unobserved. The site is bordered to the west by the Nevada test site – a vast tract of desert sequestered by the Department of Energy, ... very much off-limits to the public. Area 51 was the perfect place to develop and test the “black projects” – military aircraft so vital to America’s national security that even most members of the government had no “need to know” that they even existed. West of the base’s main living quarters, on a piece of ground slightly above the lake bed, a waste dump had been constructed. Vehicles with California license plates would head up to the dump to unload cargoes of waste too secret to dispose of normally. While a lot of waste material put into the pits was generated on-site, there were also the contents of those trucks that hauled up every week from California.
Note: Although this is an unusually informative article about Area 51, it dismisses any UFO involvement there, despite much evidence. See our informative UFO Information Center for additional perspectives.
You probably missed the recent special issue of China Newsweek, so let me bring you up to date. Who do you think was on the cover — named the “most influential foreign figure” of the year in China? Barack Obama? No. Bill Gates? No. Warren Buffett? No. O.K., I’ll give you a hint: He’s a rock star in Asia, and people in China, Japan and South Korea scalp tickets to hear him. Give up? It was Michael J. Sandel, the Harvard University political philosopher. This news will not come as a surprise to Harvard students, some 15,000 of whom have taken Sandel’s legendary “Justice” class. What makes the class so compelling is the way Sandel uses real-life examples to illustrate the philosophies of the likes of Aristotle, Immanuel Kant and John Stuart Mill. Sandel is touching something deep in both Boston and Beijing. “Students everywhere are hungry for discussion of the big ethical questions we confront in our everyday lives,” Sandel argues. “In recent years, seemingly technical economic questions have crowded out questions of justice and the common good. I think there is a growing sense, in many societies, that G.D.P. and market values do not by themselves produce happiness, or a good society. My dream is to create a video-linked global classroom, connecting students across cultures and national boundaries — to think through these hard moral questions together, to see what we can learn from one another.”
Friday marks the 40th anniversary of one of the biggest, most expensive, most destructive social policy experiments in American history: The war on drugs. On the morning of June 17, 1971, President Richard Nixon ... declared: “America’s public enemy No. 1 ... is drug abuse. In order to fight and defeat this enemy, it is necessary to wage a new, all-out offensive.” So began a war that ... became an unmitigated disaster, an abomination of justice and a self-perpetuating, trillion-dollar economy of wasted human capital, ruined lives and decimated communities. Since 1971, more than 40 million arrests have been conducted for drug-related offenses. And no group has been more targeted and suffered more damage than the black community. Last week, the Report of the Global Commission on Drug Policy ... declared that: “The global war on drugs has failed, with devastating consequences for individuals and societies around the world. [Forty] years after President Nixon launched the U.S. government’s war on drugs, fundamental reforms in national and global drug control policies are urgently needed.” The White House immediately shot back: no dice.
Inside Whitney Elementary School in East Las Vegas, nearly 85 percent of the children are homeless. That's 518 kids out of 610. Principal Sherrie Gahn says, "I thought that I saw the ultimate poverty when I got here eight years ago and every year it has gotten worse and the recession made it ten times worse." Gahn knew she had a problem that a traditional public school could not fix. "When I saw the children eating ketchup for lunch, and wanting to take it home," she says, "it just crushed me." So Gahn came up with a plan involving the kids, their parents and the community. "I told the parents that I would give them whatever they need," Gahn says. "All I need them to do is give me their children and let me teach them. In turn I will give you food and clothes and we will take them to the eye doctor. I will pay your rent, pay your utilities, but keep your child here." The children get free clothes, free bread to bring home and even free haircuts. Almost all of it given by 500 donors and local businesses who drop off donations daily. Principal Gahn has a bold dream. "I tell every 5th grade class if you make it through junior high you make it through high school and you can't afford to go to college come see me and I will make sure that you go to college," Gahn says. "We have a small trust fund that we started."
[In] California ... job growth remains stagnant, public coffers are low and much-needed government services are reduced. Yet maverick companies are stepping forward, inventing business models that create public benefit and deliver economic returns. Such "social enterprises" have gained traction in the marketplace. For example, New Leaf Paper has led the paper industry with its more sustainable operating practices and 100 percent recycled products while generating strong profits. And there are others: Revolution Foods, Give Something Back, Cleanfish and SaveUp, to name a few. New legislative proposals could sweep in a wave of such firms. Sen. Mark DeSaulnier, D-Concord, introduced a bill in the state Senate to support the creation of "flexible purpose corporations" that seek profits and at least one broader social or environmental goal. A bill introduced by Assemblyman Jared Huffman, D-San Rafael ... would allow entrepreneurs to incorporate their businesses as "for-benefit" or "B corporations." Seeking social impact would become part of the fiduciary responsibility of directors and executives of these firms rather than a distracting pursuit that diminishes financial return.
Severe storms and tornadoes moving through the U.S. Southeast dealt a severe blow to the Tennessee Valley Authority [on April 27], causing three nuclear reactors in Alabama to shut and knocking out 11 high-voltage power lines, the utility and regulators said. All three units at TVA's 3,274-megawatt Browns Ferry nuclear plant in Alabama tripped about 5:30 EDT after losing outside power to the plant, a spokesman for the U.S. Nuclear Regulatory Commission said. A TVA spokeswoman said the station's backup power systems, including diesel generators, started and operated as designed. External power was restored quickly to the plant but diesel generators remained running Wednesday evening, she said. The Browns Ferry units are among 23 U.S. reactors that are similar in design to the crippled Fukushima Daiichi nuclear plant in Japan where backup generators were swept away in the tsunami that followed the massive earthquake on March 11.
Note: And what might have happened if one of those tornadoes happened to hit a nuclear power plant?
The strangest aspect of the United Nations' "no-fly zone" war over Libya is the involvement of the United Nations itself. While Congress' approval was all but an afterthought, the Obama administration devoted intense diplomatic energy to winning the approval of the United Nation's Security Council. No one asked why the U.N. is in the business of approving military actions at all. The United Nations, created to end wars, now prolongs and enlarges them. It is time to take a hard look at the U.N.'s war-ending, peace-making record. After all, the promotion of peace is supposed to be its main duty. The U.N. bureaucracy [has] lost its way. The U.N. has sanctioned two wars against Iraqi dictator Saddam Hussein and now has approved the aerial bombardment of Libya. Whatever the merits of these wars, they are wars. And the U.N. approved them, as opposed to stopping them. It has morphed from a war-ending mission to a war-sanctioning vote. The people who are going to pay for or fight in these U.N. approved wars have no way to hold U.N. representatives accountable and too many of the war-making discussions at the U.N. are held in secret.
Note: For a powerful two-page summary of a top US general's words revealing the major corruption behind almost all wars, click here.
Pakistan has demanded that the United States steeply reduce the number of Central Intelligence Agency operatives and Special Operations forces working in Pakistan, and that it halt C.I.A. drone strikes aimed at militants in northwest Pakistan. The request was a sign of the near collapse of cooperation between the two testy allies. Pakistani and American officials said in interviews that the demand that the United States scale back its presence was the immediate fallout from the arrest in Pakistan of Raymond A. Davis, a C.I.A. security officer who killed two men in January. In all, about 335 American personnel -- C.I.A. officers and contractors and Special Operations forces -- were being asked to leave the country, said a Pakistani official closely involved in the decision. It was not clear how many C.I.A. personnel that would leave behind; the total number in Pakistan has not been disclosed. But the cuts demanded by the Pakistanis amounted to 25 to 40 percent of United States Special Operations forces in the country, the officials said. The number also included the removal of all the American contractors used by the C.I.A. in Pakistan. In addition to the withdrawal of all C.I.A. contractors, Pakistan is demanding the removal of C.I.A. operatives involved in "unilateral" assignments like Mr. Davis's that the Pakistani intelligence agency did not know about, the Pakistani official said.
Note: For further reports from major media sources on the long history of relations between the CIA and the Pakistani secret service, and their joint creation of and support for the Taliban, click here.
Reports about what life is like inside the military prison for terrorism suspects at Guantanamo Bay are not uncommon. But very little is reported about two secretive units for convicted terrorists and other inmates who get 24-hour surveillance, right here in the U.S. For the first time, an NPR investigation has identified 86 of the more than 100 men who have lived in the special units that some people are calling "Guantanamo North." The Communications Management Units [CMU] in Terre Haute, Ind., and Marion, Ill., are mostly filled with Muslims. About two-thirds of the inmates identified by NPR are U.S. citizens. Prison officials opened the first CMU with no public notice four years ago, something inmates say they had no right to do under the federal law known as the Administrative Procedures Act. The units' population has included men convicted in well-known post-Sept. 11 cases, as well as defendants from the 1993 World Trade Center bombing, the 1999 "millennium" plot ... and hijacking cases in 1976, 1985 and 1996. When the Terre Haute unit opened in December 2006, 15 of the first 17 inmates were Muslim. As word got out that the special units were disproportionately Muslim ... the Bureau of Prisons started moving in non-Muslims. Guards and cameras watch the CMU inmates' every move. Every word they speak is picked up by a counterterrorism team that eavesdrops from West Virginia. [Several] inmates have been suing the Federal Bureau of Prisons. They say the special units were set up outside the law and raise serious due process issues. Unlike prisoners who are convicted of serious crimes and sent to a federal supermax facility, CMU inmates have no way to review the evidence that sent them there or to challenge that evidence to get out.
Note: For other major media articles exposing excessive secrecy in government and elsewhere, click here.
People who down several diet sodas per day are hardly rare. Government surveys have found that people who drink diet beverages average more than 26 ounces per day (some drink far more) and that 3% of diet-soda drinkers have at least four daily. Are these diet-soda fiends true addicts? And if so, what are they addicted to? Research suggests that the artificial sweeteners in diet soda (such as aspartame) may prompt people to keep refilling their glass because these fake sugars don't satisfy like the real thing. "Your senses tell you there's something sweet that you're tasting, but your brain tells you, 'Actually, it's not as much of a reward as I expected,'" says Martin P. Paulus, MD, a professor of psychiatry at the University of California San Diego, and one of the authors of the study. "The consequence might be that the brain says, 'Well, I'll have more of this.'" In other words, artificial sweeteners may spur drinkers -- or their brains -- to keep chasing a "high" that diet soda keeps forever just out of reach. It's not clear that this teasing effect can lead to dependence, but it's a possibility, Dr. Paulus says. "Artificial sweeteners have positive reinforcing effects -- meaning humans will work for it, like for other foods, alcohol, and even drugs of abuse," he says. "Whenever you have that, there is a potential that a subgroup of people ... will have a chance of getting addicted."
Note: This article fails to mention the many scientists and brain surgeons who have gone on record describing the incredible dangers of aspartame, the main ingredient in most artificial sweeteners. To educate yourself on the serious health risks of aspartame, watch the very well researched documentary at this link.
The present British government, like its predecessor, claims to pursue a policy of "liberal interventionism", seeking the downfall of undemocratic regimes round the globe, notably in the Muslim world. The same British government, again like its predecessor, sends these undemocratic regimes copious weapons to suppress the only plausible means of the said downfall, popular insurrection. The contradiction is glaring. Downing Street is clearly embarrassed by Egypt, Bahrain and Libya having had the impertinence to rebel just as David Cameron was embarking on an important arms-sales trip to the Gulf, not an area much addicted to democracy. Fifty British arms makers were present at last year's sickening Libyan arms fair, while the resulting weapons are reportedly prominent in gunning down this week's rioters. Cameron reads from the Foreign Office [FO] script, claiming that all guns, tanks, armoured vehicles, stun grenades, tear gas and riot-control equipment are "covered by assurances that they would not be used in human rights repression". He must know this is absurd. What did the FO think Colonel Gaddafi meant to do with sniper rifles and tear-gas grenades – go mole hunting? Sales to dictators are covered by the usual excuse: "If we do not sell to them someone else will." If we choose to make the Arabs' path harder by arming their oppressors, fine, but we should not proclaim "liberal interventionism". If we proclaim interventionism, we should not sell weapons. Meddling in other people's business is rarely wise. Two-faced meddling is hypocrisy.
Note: For a top US general's revelations on how war is largely a racket run by bankers and wealthy businessmen, click here. And for lots more revealing information on war manipulations, see our War Information Center at this link.
For eight years, government officials turned to Dennis Montgomery, a California computer programmer, for eye-popping technology that he said could catch terrorists. Now, federal officials want nothing to do with him and are going to extraordinary lengths to ensure that his dealings with Washington stay secret. The Justice Department, which in the last few months has gotten protective orders from two federal judges keeping details of the technology out of court, says it is guarding state secrets that would threaten national security if disclosed. But others involved in the case say that what the government is trying to avoid is public embarrassment over evidence that Mr. Montgomery bamboozled federal officials. A onetime biomedical technician with a penchant for gambling, Mr. Montgomery is at the center of a tale that features terrorism scares, secret White House briefings, backing from prominent Republicans, backdoor deal-making and fantastic-sounding computer technology. Mr. Montgomery and his associates received more than $20 million in government contracts by claiming that software he had developed could help stop Al Qaeda’s next attack on the United States. But the technology appears to have been a hoax, and a series of government agencies, including the Central Intelligence Agency and the Air Force, repeatedly missed the warning signs, the records and interviews show.
Note: For lots more on government corruption from reliable sources, click here.
A 71-year-old war veteran today claimed he was left 'bruised and bloodied' after being violently dragged out of a speech by Hilary Clinton. Ray McGovern, who was a CIA analyst for 27 years, staged a 'silent protest' during the Secretary of State's talk on the importance of freedom of speech in the internet age yesterday. In it she referred to the uprising in Egypt and commented on how people should be allowed to protest in peace without fear of threat or violence. She also condemned governments who arrest protesters and do not allow free expression. But during the speech at George Washington university, Mr McGovern claims his silent protest was met with just that - threats and violence. Wearing a 'Veterans for Peace' t-shirt, the 71-year-old stood up and turned around to face the back of the room, when two men grabbed him and dragged him out of the room. He said he was 'roughed up' by police for his actions and needed medical attention. The veteran said he was protesting the ongoing wars in Iraq and Afghanistan and the fact that 'these people are pursuing policies which make people suffer and die, particularly in the Middle East'. As well as a former CIA analyst, Mr McGovern also carried out the daily intelligence briefing for Presidents Ronald Reagan and George H. W. Bush.
Note: We don't usually consider the UK's Daily Mail a reliable source, but as they were the only media source we could find which covered this sad occurence, we've used them here. See the link above for photos of bruises Mr. McGovern suffered at the hands of police. For more on the courageous Mr. McGovern, click here.
Chris Hayes: With me now is journalist and author Naomi Klein whose books include “No Logo” and “The Shock Doctrine. The Rise of Disaster Capitalism.” Not all of our viewers have “The Shock Doctrine.” I‘ve seen a few people recently talking about how ... they were skeptical of the thesis before, but what‘s happening in Wisconsin is making them a little more receptive to it. Describe what the thesis of “The Shock Doctrine” is and how it applies in what we‘re seeing play out in Wisconsin. Naomi Klein: What I argue in “The Shock Doctrine” is that if you look at the 30-year history of the triumph of [disastrous] policies around the world, what you see is that you‘re great leaps forward happened during times of extreme crisis. That‘s because in a time of crisis, you have politicians able to do exactly what Scott Walker is doing right now in Wisconsin, which is say, the roof is falling in, we have a state of emergency here, we don‘t have time for democracy or public consent or deliberation or collective bargaining. So, it becomes an opportunity to ram through these unpopular policies. You have a budget crisis. You exaggerate the extent of the crisis and ... say we don‘t have any alternative but to push through these very unpopular measures. I think it‘s [particularly] significant that they‘re going after collective bargaining. They‘re trying to reduce the ability of participation of the workers in their own futures. It‘s a constricting of democracy. I end the book by saying that the way you resist these tactics is by understanding that they‘re happening while they‘re happening. What‘s happening in Wisconsin, is an excellent example of what I describe as shock resistance, because people are naming this while its happening.
Note: Many don't know that when Wisconsin Governor Walker ordered police to remove protestors from the state capitol building, the police refused, stating that they took an oath to serve the people and not the governor. To see a two-minute video clip of this amazing event, click here. To see how the major media greatly downplayed this event, read the New York Times coverage available here.
A pocket-size drone dubbed the Nano Hummingbird for the way it flaps its tiny robotic wings has been developed for the Pentagon by a Monrovia company as a mini-spy plane capable of maneuvering on the battlefield and in urban areas. The battery-powered drone was built by AeroVironment Inc. for [DARPA, the Defense Advanced Research Projects Agency,] the Pentagon's research arm, as part of a series of experiments in nanotechnology. The little flying machine is built to look like a bird for potential use in spy missions. Equipped with a camera, the drone can fly at speeds of up to 11 miles per hour. It can hover and fly sideways, backward and forward, as well as go clockwise and counterclockwise. It also demonstrates the promise of fielding mini-spy planes. Industry insiders see the technology eventually being capable of flying through open windows or sitting on power lines, capturing audio and video while enemies would be none the wiser. With a wingspan of 6.5 inches, the mini-drone weighs 19 grams, or less than a AA battery. The Hummingbird's guts are made up of motors, communications systems and a video camera. It is slightly larger than the average hummingbird.
Note: Remember that secret government research is usually at least 10 years in advance of anything that has been announced publicly. For more on the hummingbird drone, click here.
Important Note: Explore our full index to revealing excerpts of key 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.