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 global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. "The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up," said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS). "It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something," he told The Telegraph on the eve of the World Economic Forum in Davos. The warnings have special resonance since Mr White was one of the very few voices in the central banking fraternity who stated loudly and clearly between 2005 and 2008 that Western finance was riding for a fall, and that the global economy was susceptible to a violent crisis. Combined public and private debt has surged to all-time highs to 185pc of GDP in emerging markets and to 265pc of GDP in the OECD club, both up by 35 percentage points since the top of the last credit cycle in 2007. Mr White, who is also chief author of G30's recent report on the post-crisis future of central banking, said it is impossible know what the trigger will be for the next crisis since the global system has lost its anchor and is inherently prone to breakdown.
Note: Since the bailout in 2008, the percentage of US banking assets held by the big banks has almost doubled. Will big banks move to avert the next financial crisis when crisis has proven so profitable for them? For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.
Tardigrades, also known as water bears, are nearly indestructible. The microscopic animals can survive boiling water, extreme cold, and even a trip to space. Tardigrades can even be frozen for a year, or 10, and return to life when they thaw. But these tough little animals are still surprising scientists. When scientists sequenced the genome of water bears, they found that 17.5 percent of the animals’ DNA came from other species. “We had no idea that an animal genome could be composed of so much foreign DNA,” study co-author Bob Goldstein said in a news release. “We knew many animals acquire foreign genes, but we had no idea that it happens to this degree.” Tardigrades have some 6,000 foreign genes, the scientists report in a paper published Monday. Foreign DNA appears in an organism’s genome through a process called horizontal gene transfer. In that process, species swap genetic material directly, instead of exclusively inheriting DNA from the organism’s parents. Dr. Goldstein and colleagues ... think the tardigrade’s defense mechanism for extreme circumstances actually opens the door for this foreign DNA. When the water bears are under extreme stress they curl up, expel their water and appear dead. The scientists think the animal’s DNA splits into tiny pieces during this process. When the animal starts to come back to life by rehydrating, their cells become leaky and can absorb molecules around the animal. As the animal stitches its own DNA back together, the foreign pieces can get woven in too.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A little-noticed report on candidates for an open spot on the Securities and Exchange Commission (SEC) reaffirms that the reformist wing of the Democratic Party is winning the tactical battle over financial regulatory personnel. Luis Aguilar, one of three Democratic SEC commissioners on the five-member panel, announced he would step down in May. Initially, the White House floated as a replacement Keir Gumbs, who has passed ... from SEC staff to the white-collar corporate law firm Covington & Burling. Covington & Burling counts most major U.S. banks among its clients, and is the home of former Attorney General Eric Holder and several of his top deputies. While at Covington, Gumbs allegedly gave CEOs tutorials on how to avoid disclosing their corporate political spending. He also represented the American Petroleum Institute before the SEC. Months of criticism of both Gumbs and the SEC’s bank-friendly practices created a delay, with the White House agreeing to vet additional candidates. The Obama administration, despite a clear preference for moderates with Wall Street ties for financial regulatory positions, now must consider a far broader range of personnel. By forming a united front, [party reformers make] it more difficult for future Democratic administrations to use Wall Street as a policymaker talent pool. This significantly changes the landscape of the party, regardless of individual candidate views or the desires of Wall Street-aligned donors.
Note: According to the New York Times, the lines between Washington and Wall Street are blurred. Are government officials finally getting serious about about financial industry corruption?
People who lived near the site of the first atomic bomb test in the New Mexico desert and later developed cancer and other health problems need to be compensated, a U.S. senator said Thursday. The federal government neglected residents of the historic Hispanic village of Tularosa near the Trinity Site, where the weapon was detonated on July 16, 1945, Sen. Tom Udall, D-N.M., said in a speech on the Senate floor on the 70th anniversary of the test. "The rest of the world didn't know about the tragedies that happened in the Tularosa Basin. For a long time, the government denied that anything happened at all," Udall said. "Attention ... must be paid now." Udall met with residents and family members who lived near the test site. He believes they should be included in the federal Radiation Exposure Compensation Act program, which could provide a $50,000 payout. Many of those living near the Trinity Site were not told about the dangers and later suffered rare forms of cancer. Researchers from the National Cancer Institute are studying past and present cancer cases in New Mexico that might be related to the test, [which] took place in southern New Mexico as part of the Manhattan Project, the secretive World War II program that provided enriched uranium for the atomic bomb.
Note: For more along these lines, read how the effects of the atomic bomb were covered up.
The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute: it is about power and democracy much more than money and economics. Of course, the economics behind the programme that the "troika" (the European Commission, the European Central Bank, and the International Monetary Fund) foisted on Greece five years ago has been abysmal, resulting in a 25% decline in the country's GDP. I can think of no depression, ever, that has been so deliberate and had such catastrophic consequences: It is startling that the troika has refused to accept responsibility for any of this or admit how bad its forecasts and models have been. But what is even more surprising is ... the troika is still demanding that Greece achieve a primary budget surplus (excluding interest payments) of 3.5% of GDP by 2018. Economists around the world have condemned that target as punitive, because aiming for it will inevitably result in a deeper downturn. Indeed, even if Greece's debt is restructured beyond anything imaginable, the country will remain in depression if voters there commit to the troika's target. Almost none of the huge amount of money loaned to Greece has actually gone there. It has gone to pay out private-sector creditors – including German and French banks. Greece has gotten but a pittance, but it has paid a high price to preserve these countries' banking systems.
Note: Joseph E. Stiglitz, a Nobel laureate in economics, is a professor at Columbia University. Note that as a result of the troika's austerity measures instituted five years ago, Greece’s rate of youth unemployment now exceeds 60%. For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The decapitated body of a missing blogger who was investigating a child prostitution ring has been found by police in Brazil. Evany José Metzker's body was found outside the town of Padre Paraíso, in ... Brazil's southeastern Minas Gerais state. Metzger, who maintained a blog named 'Coruja do Vale' (The Owl of the Valley), was reportedly investigating a child prostitution ring operating in the area. Metzger had travelled to Padre Paraíso three months earlier. His body was found on Monday. He had been missing for several days. Metzger's wife, Hilma Chaves Silva Borges, was quoted by The Committee to Protect Journalists as saying that Metzker was working in a dangerous part of the country. "There are lots of murders here. I think that the motive, given the barbarity of his murder, was because he hit on something," she was quoted as saying. Brazil is the third most dangerous country for journalists in Latin America, after Mexico and Colombia, according to Reporters Without Borders. In his blog Metzger often reported on corrupt officials and politicians. Extra, a local daily newspaper, quoted Metzker's family as saying the police were led to the body following an anonymous tip-off.
Note: Those running child prostitution rings make huge amounts of money and are protected by politicians at high levels. Many will not hesitate to kill if anyone threatens to expose their sex trade in children. If you want to understand how pedophile rings have infiltrated the highest levels of government, don't miss the powerful Discovery Channel documentary on this available here.
The duty to guide patients through the end-of-life decision-making process rests squarely upon primary care providers, writes one internist in The New England Journal of Medicine. Susan Tolle, director of the Center for Ethics in Health Care at the Oregon Health and Science University, is one of three physicians responding to the NEJM’s most recent “Clinical Decisions” case feature, detailing a woman undergoing treatment for metastatic breast cancer. The two other physicians who responded with their opinions ... claim an oncologist or palliative specialist should initiate the conversation about the patient’s goals. But Tolle says it is the primary care physician’s obligation to lead this difficult discussion. [Yet] without widespread intervention of primary providers, patients will be less likely to ensure their end of life wishes are honored. Leaders within the American College of Physicians ... agree. “Somebody has to step up,” said Robert Centor, Chair of the ACP Board of Regents. “If you’re a primary care physician, it’s incumbent on you to have the discussion with patients before and especially after they get sick about goals. If we don’t know a patient’s goals, they can’t get the best possible care.” End of life planning, however, is not a billable Medicare service.
Note: For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.
Front companies in the UK are at the heart of an investigation into ... a conspiracy to make $20bn (Ł12.5bn) of dirty money look legitimate. The funds are believed to have come from major criminals and corrupt officials around the world. An investigation by The Independent and the Organised Crime and Corruption Reporting Project, an NGO, has identified dozens of ... front companies in the UK which carried out massive phoney business deals between themselves. These front companies then sued each other in courts in Moldova, demanding the repayment of hundreds of millions of pounds of loans. A judge in Moldova ... would rule in favour of the claimant company, which would then receive the cash from the other front firm – with an all-important signed court document ordering the debt to be paid. But rather than being transferred from one legitimate British company to another, the funds were being routed from Russia, where gangs from around the world go to launder money from corruption, drug dealing, prostitution and people smuggling. Their tainted money would first be put into the UK front companies’ accounts in Moldova before being transferred to another bank in Latvia. This final stage adds to the dirty money’s “clean” appearance. The UK bank accounts involved include ones at UBS in London, HSBC, RBS, NatWest and Citibank.
Note: Here is a diagram of this complex international money laundering scam. For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in government and banking and finance.
Zipping cross-country in a super-high speed train has become commonplace in many countries these days, but it was unheard of when Japan launched its bullet train between Tokyo and Osaka 50 years ago Wednesday. The Shinkansen, as it's called in Japan, gave a boost to train travel in Europe and Asia at a time when the rise of the automobile and the airplane threatened to eclipse it. The first bullet train, with its almost cute bulbous round nose, traveled from Tokyo to Osaka in four hours, shaving two and a half hours off the 513-kilometer (319-mile) journey. The latest model, with a space-age-like elongated nose, takes just two hours and 25 minutes. The first Shinkansen had a maximum speed of 210 kilometers (130 miles) per hour. The fastest trains previously, in Europe, could reach 160 kph. Today's bullet trains, in Japan and elsewhere, have reached and in some cases exceeded 300 kph (186 mph). By average speed, China has the fastest train in the world, averaging 284 kph. Turkey last year became the ninth country to operate a train at an average speed of 200 kph. South Korea and Taiwan also operate high-speed systems in Asia. The fastest train in the U.S., Amtrak's Acela Express, averages 169 kph (105 mph) on a short stretch between Baltimore and Wilmington, Delaware. Shanghai launched a German-built maglev train in 2004 on a 30-kilometer route between the city and the airport. It can hit 430 kph (267 mph). A Japanese maglev train in development has topped 500 kph (310 mph) in tests.
Note: Gas and oil interests have lobbied hard to keep Americans wedded to their cars and stop the development of high-speed trains. For more on this, see this excellent article and concise summaries of deeply revealing news articles on suppressed energy inventions from reliable major media sources.
Monsanto is donating $4.7 million to the campaign to oppose GMO labeling in Colorado. The St. Louis-based agriculture company is a primary producer of genetically modified seeds. The No on 105 committee has raised almost $10 million through Sept. 24, with Pepsico and Kraft Foods also giving more than $1 million each. The group begins running TV ads against the initiative this week. Meanwhile, the supporters of the labeling initiative, Right to Know GMO, have raised about $323,000, including almost $120,000 in the most recent two weeks. That groups top donors are Food Democracy Action at $140,000 total and Dr. Bronner’s Magic Soaps at $25,000.
Note: In every election where GMO labeling was on the ballot, big industry has poured in many times more money that those in favor of disclosure. This is a very good example of how in the US, it is much more a democracy of every dollar gets one vote rather than every person gets one vote. For more on this, see concise summaries of deeply revealing GMO news articles from reliable major media sources.
Led by Lockheed Martin Corp. (LMT), the biggest U.S. defense companies are trading at record prices as shareholders reap rewards from escalating military conflicts around the world. Investors see rising sales for makers of missiles, drones and other weapons as the U.S. hits Islamic State fighters in Syria and Iraq, said Jack Ablin, chief investment officer at Chicago-based BMO Private Bank. “As we ramp up our military muscle in the Mideast, there’s a sense that demand for military equipment and weaponry will likely rise,” said Ablin, who oversees $66 billion including Northrop Grumman Corp. (NOC) and Boeing Co. (BA) shares. “To the extent we can shift away from relying on troops and rely more heavily on equipment -- that could present an opportunity.” Bombardments of Islamic State strongholds added to tensions this year that include U.S.-led sanctions on Russia for backing Ukrainian rebels. The U.S. also is the biggest foreign military supplier to Israel, which waged a 50-day offensive against the Hamas Islamic movement in the Gaza Strip. A Bloomberg Intelligence gauge of the four largest Pentagon contractors ... rose 19 percent this year through yesterday, outstripping the 2.2 percent gain for the Standard & Poor’s 500 Industrials Index. Lockheed, the world’s biggest defense company, reached an all-time high of $180.74 on Sept. 19, when Northrop, Raytheon Co. (RTN) and General Dynamics Corp. (GD) also set records. That quartet and Chicago-based Boeing accounted for about $105 billion in federal contract orders last year. U.S. lawmakers including Representative Peter King, a New York Republican, have suggested that the new global threats could prompt Congress to reconsider planned reductions in defense spending.
Note: For more along these lines, see concise summaries of deeply revealing war profiteering news articles from reliable major media sources.
Domestic violence committed by intimate partners — current or former spouses, boyfriends or girlfriends — has declined by more than 60 percent since the mid-1990s, according to Justice Department figures. Yet the dramatic decrease from 1995 through 2004 has largely stalled, with the numbers stabilizing at a level that appalls people in the prevention field. The latest federal figures for “serious” intimate partner violence — sexual assault or aggravated physical assault — showed 360,820 such incidents in 2013, or roughly 1,000 per day. The sharp decline in domestic violence began soon after the 1994 enactment of the federal Violence Against Women Act, which toughened penalties for offenders, expanded training for law enforcement and improved services for victims. However, that drop in domestic violence coincided with a comparable drop in virtually all types of violent crime. Most law enforcement agencies have vastly improved their handling of domestic violence over the past 20 years, while public attitudes and understanding have lagged behind.
Note: The dramatic decrease in all forms of violence crimes over the past 20 years is one of the most underreported stories out there. For more on this wonderful development, see this article. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In the largest settlement with a single American Indian tribe, the Obama administration will pay the Navajo Nation $554 million to settle claims that the U.S. government has mismanaged funds and natural resources on the Navajo reservation for decades. The settlement, to be signed in Window Rock, Ariz., on Friday, resolves a long-standing dispute between the Navajo Nation and the U.S. government, with some of the claims dating back more than 50 years. The sprawling Navajo reservation, located in parts of Arizona, Utah and New Mexico, is the largest and most populous Indian reservation, with 14 million acres of trust lands, which are leased for farming, grazing, and oil, gas and other mineral extraction. The land is also leased for businesses, rights-of-way, easements and housing. “The Navajo Nation has worked tirelessly for many years to bring this issue to a close,” said Ben Shelly, president of the Navajo Nation. “After a long, hard-won process, I am pleased that we have finally come to a resolution on this matter to receive fair and just compensation for the Navajo Nation.” Shelly said the tribe will host town hall meetings across the Navajo Nation to decide how the funds can be used or invested. Although the settlement marks the largest ever with one tribe, the Obama administration has made several other multimillion-dollar agreements with tribes since 2009 to settle long-standing grievances by Native Americans. Along with the Navajo Nation, the administration has negotiated settlements resulting in a total of $2.61 billion paid to 80 tribes since 2010 for tribal trust accounting and trust management claims.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A man who filmed a New York City police officer use a choke hold on a suspect who later died has been arrested on weapons charges, law enforcement officials said on [August 3]. Ramsey Orta, 22, and a 17-year-old female were spotted on [August 2] outside a known drug location on Staten Island by narcotics officers who saw Orta put a handgun in his companion's waistband, the New York Police Department said. Orta, who has a previous criminal conviction, faces two charges of criminal possession of a weapon. At some point during his arrest, Orta told officers, "You're just mad because I filmed your boy," an NYPD spokeswoman said. The comment was apparently in reference to the July 17 cellphone video shot by Orta during the arrest of Eric Garner, who was placed in a choke hold by a police officer while being detained for peddling illegal cigarettes. Garner later died, and the New York City medical examiner ruled the his death a homicide. Footage of the incident circulated widely on the Internet, triggering outrage and raising questions about police tactics and use of force. The choke hold is banned by the NYPD, which says it is investigating why the maneuver was used.
Note: For more on this, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
Black, that most enigmatic of colours, has become even darker and more mysterious. A British company has produced a "strange, alien" material so black that it absorbs all but 0.035 per cent of visual light, setting a new world record. To stare at the "super black" coating made of carbon nanotubes – each 10,000 times thinner than a human hair – is an odd experience. It is so dark that the human eye cannot understand what it is seeing. Shapes and contours are lost, leaving nothing but an apparent abyss. If it was used to make one of Chanel's little black dresses, the wearer's head and limbs might appear to float incorporeally around a dress-shaped hole. Actual applications are more serious, enabling astronomical cameras, telescopes and infrared scanning systems to function more effectively. Then there are the military uses that the material's maker, Surrey NanoSystems, is not allowed to discuss. The nanotube material, named Vantablack, has been grown on sheets of aluminium foil by the Newhaven-based company. While the sheets may be crumpled into miniature hills and valleys, this landscape disappears on areas covered by it. Vantablack ... works by packing together a field of nanotubes, like incredibly thin drinking straws. These are so tiny that light particles cannot get into them, although they can pass into the gaps between. Once there, however, all but a tiny remnant of the light bounces around until it is absorbed.
Back in December, 60 Minutes broadcast a now-notorious segment of pure access journalism in which they gullibly disseminated one false NSA claim after the next. The program claimed that Snowden “is believed to still have access to 1.5 million classified documents he has not leaked”. Ever since then, that Snowden “stole” 1.7 or 1.8 million documents from the NSA has been repeated over and over again by US media outlets as verified fact. The Washington Post‘s Walter Pincus, citing an anonymous official source, purported to tell readers that “among the roughly 1.7 million documents he walked away with — the vast majority of which have not been made public — are highly sensitive, specific intelligence reports”. Reuters frequently includes in its reports the unchallenged assertion that “Snowden was believed to have taken 1.7 million computerized documents.” In fact, that number is and always has been a pure fabrication, as even Keith Alexander admits. The claimed number has changed more times than one can count: always magically morphing into randomly chosen higher and scarier numbers. The reality, in the words of the General, is that the US Government ”really [doesn't know] what he actually took with him” and they ”don’t have an accurate way of counting”. All they know is how many documents he accessed in his entire career at NSA, which is a radically different question from how many documents he took. But that hasn’t stopped American media outlets from repeatedly affirming the inflammatory evidence-free claim that Snowden took 1.7 million documents.
Note: For more on the realities of intelligence agency operations, see the deeply revealing reports from reliable major media sources available here.
Happiness -- you know it when you see it, but it's hard to define. We also know that we don't always have control over our happiness. Research suggests that genetics may play a big role in our normal level of subjective well-being, so some of us may start out at a disadvantage. On top of that, between unexpected tragedies and daily habitual stress, environmental factors can bring down mood and dry up our thirst for living. Being able to manage the emotional ups and downs is important for both body and mind, said Laura Kubzansky, professor of social and behavioral sciences at Harvard School of Public Health. Many scientific studies ... have found a connection between psychological and physical well-being. A 2012 review of more than 200 studies found a connection between positive psychological attributes, such as happiness, optimism and life satisfaction, and a lowered risk of cardiovascular disease. Lower blood pressure, normal body weight and healthier blood fat profiles were also associated with a better sense of well-being in this study. Some researchers speculate that positive mental states ... have a direct effect on the body, perhaps by reducing damaging physical processes.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
Unemployed, in debt and facing another year living on the streets in Hungary, László Andraschek spent his last remaining coins on a lottery ticket. Now the formerly homeless man has a choice of accommodation around the world after becoming one of Hungary's biggest lottery winners, with a prize of about Ł1.7m. Andraschek, whose 630m Hungarian forint win last September went unnoticed until he made a significant donation to a hostel for the homeless this month, said buying the ticket was a chance decision at a railway station on his way to Budapest for a workshop for recovering alcoholics. [He] now plans to use his winnings to establish a foundation for addicts and women abused by their husbands. He and his wife, Anikó, said they will invest their money cautiously and avoid the ruinous spending splurges of many a lottery winner. "I have become rich but I have not become a different person. I could buy a large-screen TV because I can afford it, but I won't buy three because I can afford it." Having struggled with alcoholism, Andraschek finally quit five years ago and says he "now has no need to return". The news of Andraschek's dramatic upturn in fortunes came as human rights activists organised a wave of protests worldwide against a new Hungarian law that bans sleeping rough, in a country that has 30,000 homeless people.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
[U.S. Senator] Elizabeth Warren is emerging as a kind of spokeswoman for the new economic populism that many Democratic activists want the party to embrace heading into 2014 and 2016. [A] speech that Warren [delivered] on the floor of the Senate suggests [that] the push to expand Social Security could become a key issue in the argument over the Democratic Party of the future. She strongly endorsed the push to boost Social Security benefits — in keeping with Senator Tom Harkin’s proposal to do the same: “Social Security isn’t the answer to all of our retirement problems. We need to find ways to tackle the financial squeeze that is crushing our families. We need to help families start saving again. We need to make sure that more workers have access to better pensions. The absolute last thing we should be doing is talking about cutting back on Social Security. The absolute last thing we should do in 2013 – at the very moment that Social Security has become the principal lifeline for millions of our seniors — is allow the program to begin to be dismantled inch by inch. Right now, more people than ever are on the edge of financial disaster once they retire — and the numbers continue to get worse. That is why we should be talking about expanding Social Security benefits — not cutting them. Senator Harkin from Iowa, Senator Begich from Alaska, Senator Sanders from Vermont, and others have been pushing hard in that direction. Social Security is incredibly effective, it is incredibly popular, and the calls for strengthening it are growing louder every day.”
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
The question in the background of Noam Scheiber's exploration of whether Elizabeth Warren could challenge Hillary Clinton in 2016 is whether, come 2015, Democrats will care very much about cracking down harder on Wall Street. An issue-based challenger needs two things to pose a serious threat to a front-runner. One is an issue that differentiates them from the front-runner. The other is for that issue to be foremost in the minds of voters. Scheiber points out that Warren's background isn't just Wall Street reform. It's protecting the middle class. The Two-Income Trap was a seminal book in defining the mounting pressures on working Americans. And Warren has long tried to protect that dimension of her work from being eclipsed by her unexpected turn as a finreg rockstar. But concern for the middle class doesn't, by and large, differentiate her from Clinton. Clinton, like Warren, believes in higher taxes on the rich and universal health care and higher-education costs and universal pre-k and so on. The danger for Clinton is if Warren is able to persuade Democrats that cracking down on Wall Street reform is the key to helping the middle class or -- perhaps more plausibly -- opposing inequality. On a policy level, that's a harder case to make. But on an emotional, who's-on-your-side level, it might work.
Note: For an excellent video showing the courage and forthrightness of Elizabeth Warren, click here. For more on government corruption, see the deeply revealing reports from reliable major media sources available 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.