News ArticlesExcerpts of Key News Articles in Major Media
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The gold price has risen above $1,500 an ounce for the first time after concerns about global economic recovery lifted the metal's appeal as a haven. In Hong Kong trade, gold hit a record $1,500.70 an ounce, which traders said was mainly due to Standard & Poor's downgrade of its outlook on US debt. Silver also touched a 31-year high of $44.34 an ounce. But analysts were divided about whether the price could go higher and are waiting to see if trading in Europe and the US continues the momentum seen in Asia. Some market watchers see gold consolidating at its current level as it waits for the next reason to push higher. Silver continued to soar, rising to a 31-year high for the fifth consecutive session. Not only is silver increasingly seen as a haven, but there is also rising demand for industrial consumption.
Note: Gold is one of the most highly manipulated of all commodities. As a glaring example, when gold first broke the $1,000 mark in Feb. 2009, just over two years before this article was published, almost no media reported on this major news. In 2004, gold was around $400 an ounce and has been soaring ever since. For reliable charts showing this, see the bottom of the webpage at this link. Key individuals with inside information on precious metal manipulations, like whistleblower Catherine Austin Fitts (Assistant Secretary of Housing and Urban Development under George H. W. Bush), have been predicting this rise for years.
Walter Breuning's earliest memories stretched back 111 years, before home entertainment came with a twist of the radio dial. They were of his grandfather's tales of killing Southerners in the Civil War. Breuning was 3 and horrified: "I thought that was a hell of a thing to say." But the stories stuck, becoming the first building blocks into what would develop into a deceptively simple philosophy that Breuning, the world's oldest man at 114 before he died Thursday, credited to his longevity. Here's the world's oldest man's secret to a long life: — Embrace change, even when the change slaps you in the face. ("Every change is good.") — Eat two meals a day ("That's all you need.") — Work as long as you can ("That money's going to come in handy.") — Help others ("The more you do for others, the better shape you're in.") Then there's the hardest part. It's a lesson Breuning said he learned from his grandfather: Accept death. "We're going to die. Some people are scared of dying. Never be afraid to die. Because you're born to die," he said. Breuning died of natural causes in a Great Falls hospital. He was the oldest man in the world and the second-oldest person, according to the Los Angeles-based Gerontology Research Group. Besse Cooper of Monroe, Ga. — born 26 days earlier — is the world's oldest person.
"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.
The New York Times reports that the New York Stock Exchange is in "talks on a merger with the operator of the Frankfurt Stock Exchange." The exchange faces pressure from electronic upstarts that are taking business from it, reports the Times. The paper says a deal would create the world's largest financial market. The Times reports that the merger ... is an example of technology and globalization changing the world marketplace.
Note: A Los Angeles Times blog on this news states, "the potential deal is the next step in the evolution of stock exchanges from nonprofit entities owned by their members to fast-moving companies with publicly traded stocks." Yet none of these reports discusses the huge significance of this potential deal.
Government officials are investigating an apparent increase in fever-related seizures in young children after they got a flu shot. The U.S. Food and Drug Administration on [January 20] said there have been 36 confirmed reports of seizures this flu season in children ages 6 months through 2 years. The seizures occurred within one day after they were vaccinated with Fluzone, the only flu shot recommended in the United States for infants and very young children. Ten of the children were hospitalized, but all recovered. The FDA said it is investigating to see if there is any connection between the vaccine and the seizures, or if something else caused the convulsions. The fever-related seizures — called febrile seizures — are convulsions brought on by a fever in infants or small children. A child often loses consciousness and shakes. Most seizures last a minute or two, and often children quickly recover. Such seizures may occur with any common childhood illnesses that may cause fever, such as ear infections, colds, influenza and other viral infections.
Note: For lots more information from reliable sources on the dangers posed by vaccines, click here.
Julian Assange, the WikiLeaks founder, today pledged to make public the confidential tax details of 2,000 wealthy and prominent individuals, after being passed the data by a Swiss banker who claims the information potentially reveals instances of money-laundering and large-scale illegal tax evasion. Rudolf Elmer, formerly a senior executive at the Swiss bank Julius Baer, based in the Cayman islands, said he was handing the data to WikiLeaks as part of an attempt "to educate society" about the amount of potential tax revenues lost thanks to offshore schemes and money-laundering. "As [a] banker, I have the right to stand up if something is wrong," he said. "I am against the system. I know how the system works and I know the day-to-day business. I want to let society know how this system works because it's damaging our society," he said. Elmer will appear in a Swiss court on Wednesday charged with breaking Swiss banking secrecy laws, forging documents and sending threatening messages to two officials at his former employer. He denies the charges. Assange ... said he would pass the information to the Serious Fraud Office(SFO), examine it to ensure sources were protected, and then release it on the WikiLeaks site, potentially within "a couple of weeks".
Note: For lots more from reliable sources on how the rich cheat the rest with help from lax regulations, click here.
A two-bedroom apartment. Two cars. Enough wedding china to serve two dozen people. Yet Tammy Strobel wasn’t happy. Working as a project manager with an investment management firm in Davis, Calif., and making about $40,000 a year, she was, as she put it, caught in the “work-spend treadmill.” So one day she stepped off. Inspired by books and blog entries about living simply, Ms. Strobel and her husband, Logan Smith, both 31, began donating some of their belongings to charity. Emboldened by a Web site that challenges consumers to live with just 100 personal items, Ms. Strobel winnowed down her wardrobe and toiletries to precisely that number. Today, three years after Ms. Strobel and Mr. Smith began downsizing, they live in Portland, Ore., in a spare, 400-square-foot studio with a nice-sized kitchen. She owns four plates, three pairs of shoes and two pots. With Mr. Smith in his final weeks of school, Ms. Strobel’s income of about $24,000 a year covers their bills. “The idea that you need to go bigger to be happy is false,” she says. “I really believe that the acquisition of material goods doesn’t bring about happiness. Give away some of your stuff,” she advises. “See how it feels.”
Scientists have used a computer program to decipher a written language that is more than three thousand years old. The program automatically translated the ancient written language of Ugaritic within just a few hours. Ugaritic was last used around 1200 B.C. in western Syria and consists of dots on clay tablets. It was first discovered in 1920 but was not deciphered until 1932. Researchers at the Massachusetts Institute of Technology told the program that the language was related to ... Hebrew. Through repeated analysis, the program linked letters and words to map nearly all Ugaritic symbols to their Hebrew equivalents in a matter of hours. The system looks for commonly used symbols in the two languages and gradually refines its mapping of the alphabet until it can go no further. The Ugaritic alphabet has 30 letters, and the system correctly mapped 29 of them to their Hebrew counterparts. Of the words that the two languages shared the program was able to correctly identify 60 per cent of them. Science professor Regina Barzilay, who was leading the research, said: ‘Traditionally, decipherment has been viewed as a sort of scholarly detective game, and computers weren't thought to be of much use. Our aim is to bring to bear the full power of modern machine learning and statistics to this problem.’ Scientists hope the breakthrough could help them decipher the few ancient languages that they have been unable to translate so far.
Switzerland announced [on July 12] that it would not extradite [Roman] Polanski, a famous film director, to the United States in part because of fresh doubts over the conduct of the judge in his original trial. “He’s a free man,” the Swiss justice minister, Eveline Widmer-Schlumpf, said at a news conference on Monday. The French foreign minister, Bernard Kouchner, said he was “delighted” and deeply relieved by the ruling. Samantha Geimer, who at 13 was Mr. Polanski’s victim in the original sex case, has long disclosed her identity and called to end the prosecution. The decision to free Mr. Polanski was a sharp defeat for prosecutors in Los Angeles. Steve Cooley, the Los Angeles County district attorney, is the Republican candidate for state attorney general. The turning point in the case occurred in mid-March, when Mr. Polanski’s lawyers disclosed in an appeals brief that Roger Gunson, a now-retired lawyer who originally prosecuted the case, had given sealed testimony describing a plan by Judge Laurence J. Rittenband, the original judge, to limit Mr. Polanski’s sentence to a 90-day psychiatric evaluation, a portion of which Mr. Polanski had served during his 42 days in Chino State Prison. Mr. Gunson, who gave the testimony in January, also described his own reservations about the handling of the case by Judge Rittenband, who is now deceased.
Note: For an analysis of this decision by the Swiss government, click here.
President Obama has signed off on new security protocols for people flying to the United States, establishing a system that uses intelligence information and assessment of threats to identify passengers who could have links to terrorism. The system, which will be put in place this month, applies only to travelers flying into the United States. Officials said intelligence information from a variety of United States agencies would be made available to foreign airlines, whose employees and security officials would have wide latitude to stop passengers, or not. Currently, the only information typically checked before a passenger boards an airplane is the name, date of birth and nationality — information found in a passport, which is compared against the terror watch lists. But the Homeland Security Department separately already collects much more information on the travel patterns of passengers headed to the United States, including other stops made on the way to an American airport, how the passenger paid for the ticket as well as other details contained in the reservation, like what hotel a passenger might be staying in, or if he or she is traveling alone.
Note: For many disturbing reports from major media sources on increasing governmental threats to civil liberties, click here.
Our federal and state governments have dragged their feet in addressing the risks of BPA exposure - due mainly to relentless lobbying by the chemical industry. The chemical industry has used every weapon at its disposal - including lawsuits, in the case of San Francisco - to keep BPA on the shelves and in our bodies. So the Food and Drug Administration deserves mild applause for reversing its position on BPA, calling it a "concern" and offering ways in which the public can reduce its exposure to the chemical. It would have been far better for the FDA to ban the chemical, or at least require manufacturers to label products that contain it. Instead, it offered the familiar "more study is needed" defense and said that it doesn't have enough data to support a legal crackdown.
Note: The Department of Health and Human Services has released a list of ways to reduce your exposure. It can be found at www.hhs.gov/safety/bpa.
A Pentagon project to perfect a projectile capable of delivering an electric shock to incapacitate a person tens of metres away [is now in its final stages]. It will be fired from a standard 40-millimetre grenade launcher. The projectile, being developed by Taser International under a $2.5 million contract, is known as a Human Electro-Muscular Incapacitation or HEMI device. Taser will deliver the first prototypes for testing and evaluation early next year. The ... cartridges should be able to hit targets 60 metres [200 feet] away. However, the impact force of the projectile remains a worry. "There is a known risk of severe injury from impact projectiles, either from blunt force at short ranges or from hitting a sensitive part of the body," says security researcher Neil Davison, who has recently written a book on non-lethal weapons. The duration of the shock which the HEMI will deliver to its target has also raised concerns. Marksmen will need time to reach the incapacitated target, and because the weapon is designed for long-range use this could be considerable. "We should be worried about undesirable effects if people are going to be subjected to bouts of prolonged incapacitation," says Steve Wright, a specialist in non-lethal weapons at Leeds Metropolitan University in the UK.
Note: For lots more on "non-lethal weapons" from major media sources, click here.
Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter. 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008. Most disturbing is that all foreclosures -- not just repossessions -- are rampant despite efforts to corral them. There are no firm statistics for it, but many industry watchers claim the percentage of REOs [properties possessed by the mortgage company after an unsuccessful foreclosure auction] caused by borrowers voluntarily walking away from their homes is skyrocketing. The foreclosure crisis may not diminish anytime soon.
Note: For lots more from major media sources on the impacts of the financial crash, click here.
Irving Kristol, the political writer and publisher known as the godfather of neo-conservatism,... died Friday. He was 89. A Trotskyist in the 1930s, Kristol would soon sour on socialism, break from liberalism after the rise of the New Left in the 1960s and in the 1970s commit the unthinkable — support the Republican Party, once as "foreign to me as attending a Catholic mass." He was a flagship in the network of think tanks, media outlets and corporations that helped make conservatism a reigning ideology for at least two decades. Former Vice President Dick Cheney was a longtime admirer and former President George W. Bush, whose administration was heavily populated by neo-conservatives, awarded Kristol a Presidential Medal of Freedom in 2002. Kristol himself would regard neo-conservatism as a job well done. But the Iraq War and the poor economy badly damaged the right's unity and credibility over the past few years. "If there is any one thing that neo-conservatives are unanimous about, it is their dislike of the counterculture," Kristol once said. With funding from Joseph Coors, Richard Mellon Scaife and others, the right created such think tanks as the Heritage Foundation and the Center for Strategic and International Studies. Kristol himself was a fellow at a key think tank, the American Enterprise Institute. Kristol also taught at New York University, worked for several years as a senior editor at the Basic Books publishing house and in the 1950s headed the anti-communist magazine Encounter, which turned out to have been funded — without Kristol's knowledge, he said — by the CIA.
Note: To learn how Kristol became a top manager in spreading fear to support the political elite, watch the powerful BBC documentary "The Power of Nightmares" at this link. This revealing film show how much of the fear spread by the media is consciously fabricated by people like Kristol and his colleagues.
Washington, it seems, is still ruled by Reaganism – by an ideology that says government intervention is always bad, and leaving the private sector to its own devices is always good. Call me naĂŻve, but I actually hoped that the failure of Reaganism in practice would kill it. It turns out, however, to be a zombie doctrine: even though it should be dead, it keeps on coming. Let's talk for a moment about why the age of Reagan should be over. First of all, even before the current crisis Reaganomics had failed to deliver what it promised. Remember how lower taxes on high incomes and deregulation that unleashed the "magic of the marketplace" were supposed to lead to dramatically better outcomes for everyone? Well, it didn't happen. And then there's the small matter of the worst recession since the 1930s. There's a lot to be said about the financial disaster of the last two years, but the short version is simple: politicians in the thrall of Reaganite ideology dismantled the New Deal regulations that had prevented banking crises for half a century, believing that financial markets could take care of themselves. The effect was to make the financial system vulnerable to a 1930s-style crisis – and the crisis came. Efforts to strengthen bank regulation appear to be losing steam, as opponents of reform declare that more regulation would lead to less financial innovation – this just months after the wonders of innovation brought our financial system to the edge of collapse, a collapse that was averted only with huge infusions of taxpayer funds. So why won't these zombie ideas die? Part of the answer is that there's a lot of money behind them. But some of the blame also must rest with President Obama, who famously praised Reagan during the Democratic primary, and hasn't used the bully pulpit to confront government-is-bad fundamentalism.
Note: For lots more on the realities of the Wall Street bailout, click here.
Though more than 4,000 Louisiana homeowners have received rebuilding money only in the last six months, or are struggling with inadequate grants or no money at all, FEMA is intent on taking away their trailers by the end of May. The deadline, which ends temporary housing before permanent housing has replaced it, has become a stark example of recovery programs that seem almost to be working against one another. Thousands of rental units have yet to be restored, and not a single one of 500 planned “Katrina cottages” has been completed and occupied. The Road Home program for single-family homeowners, which has cost federal taxpayers $7.9 billion, has a new contractor who is struggling to review a host of appeals, and workers who assist the homeless are finding more elderly people squatting in abandoned buildings. Nonetheless, FEMA wants its trailers back, even though it plans to scrap or sell them for a fraction of what it paid for them. As of last week, there were two groups still in the agency’s temporary housing program: more than 3,000 in trailers and nearly 80 who have been in hotels paid for by FEMA since last May, when it shut down group trailer sites. Most are elderly, disabled or both, including double amputees, diabetes patients, the mentally ill, people prone to seizures and others dependent on oxygen tanks. Of those in trailers, more than 2,000 are homeowners who fear that the progress they are making in rebuilding will come to a halt if their trailers are taken. Progress on renovations has been slow for many reasons: contractors who did shoddy work or simply absconded with money, baffling red tape and rule changes, and inadequate grants.
Note: For further reports on the amazingly unhelpful government response to hurricanes Katrina and Rita, click here.
An internal Justice Department inquiry has concluded that Bush administration lawyers committed serious lapses of judgment in writing secret memorandums authorizing brutal interrogations but that they should not be prosecuted, according to government officials briefed on its findings. The report by the Office of Professional Responsibility, an internal ethics unit within the Justice Department, is also likely to ask state bar associations to consider possible disciplinary action, which could include reprimands or even disbarment, for some of the lawyers involved in writing the legal opinions, the officials said. The findings, growing out of an inquiry that started in 2004, would represent a stinging rebuke of the lawyers and their legal arguments. But they would stop short of the criminal referral sought by some human rights advocates, who have suggested that the lawyers could be prosecuted as part of a criminal conspiracy to violate the anti-torture statute. President Obama has said the Justice Department would have to decide whether the lawyers who authorized the interrogation methods should face charges, while pledging that interrogators would not be investigated or prosecuted for using techniques that the lawyers said were legal. The draft report is described as very detailed, tracing e-mail messages between the Justice Department lawyers and officials at the White House and the Central Intelligence Agency. Among the questions it is expected to consider is whether the memos were an independent judgment of the limits of the federal anti-torture statute or were deliberately skewed to justify the use of techniques proposed by the C.I.A.
Note: For lots more on government corruption from reliable sources, click here.
Of the many ways that the Bush administration sought to evade accountability for its violations of the law and the Constitution under the cover of battling terrorism, one of the most appalling was its attempt to use inflated claims of state secrecy to slam shut the doors of the nation’s courthouses. Sadly, the Obama administration also embraced this tactic, even though President Obama criticized the cult of secrecy while running for office, leaving it to the courts to stand up for transparency and accountability. And that is just what a panel of the federal appeals court in San Francisco did on Tuesday by firmly rejecting the claim that the government can prevent a judge from even hearing those who say they were hurt by federal policies and actions. The unanimous ruling by a three-judge panel of the United States Court of Appeals for the Ninth Circuit reinstated a civil lawsuit brought against a government contractor by five victims of the extraordinary rendition program, under which foreigners were kidnapped and flown to other countries for interrogation and torture. The panel said the government can ask a judge to decide on a case-by-case basis whether disclosing particular evidence would jeopardize national security. But it recognized the affront to civil liberties and the constitutional separation of powers in the Justice Department’s argument that the executive branch is entitled to have lawsuits shut down whenever an official makes a blanket claim of national security.
Note: For lots more on government secrecy from reliable sources, click here.
NATO leaders gathered here Friday to celebrate the 60th anniversary of [the] alliance ... also must face the harsh reality that NATO’s first military mission outside Europe is failing in a way that risks fracturing the alliance. Obama, [by] increasing American troops in Afghanistan to some 68,000 by the end of the year from 38,000 today, is also likely to significantly Americanize an operation that in recent years had been divided equally between American troops and allied forces. By year’s end, American troops will outnumber allied forces by at least two to one. His NATO allies are giving ... him very few new troops on the ground, underlining the fundamental strains in the alliance. The allies will offer more funds but no more than several thousand new personnel members, according to alliance military planners. Many of those will not be soldiers, but police trainers to meet a central pillar of the president’s new Afghan strategy, which focuses on an expansion of Afghan security forces. But even for the small numbers of European combat reinforcements, check the fine print: Nearly all will be sent to provide security for Afghanistan’s elections this summer, and will not be permanently deployed. Defense Secretary Robert M. Gates and his British counterpart, John Hutton, have publicly warned that the performance of some European troops demonstrates that NATO risks slipping toward a two-tiered alliance. In that event, it would be divided between those that can and will fight, like Britain, Canada, France and Poland, and those that cannot or will not because of public opinion at home.
Note: Why does the U.S. need a strong presence in Afghanistan? Obama is clearly giving in to the military/industrial complex by pouring billions of tax dollars into operations in this country where military contractors can reap huge profits. For the comments of a top U.S. general revealing the deeper reasons behind war, click here. For further important revelations from reliable sources about the wars in Iraq and Afghanistan, click here.
AFS Trinity Power Corporation today announced it pulled its 150 MPG plug-in hybrid SUV prototypes out of the LA Auto Show but will independently exhibit and demonstrate the super fuel-efficient vehicles on their own elsewhere in downtown LA during the show. The company's decision followed actions by the LA Auto Show to muzzle AFS Trinity from highlighting the 150 miles per gallon fuel economy of its XH150 prototype vehicles. "The suppression by the automakers of information about technologies such as this raises serious questions about the judgment, vision, intentions and capabilities of the leadership of these companies," said Edward W. Furia, Chairman and CEO of AFS Trinity. "Such conduct by the automakers, who are currently seeking tens of billions of taxpayer dollars, ostensibly to develop fuel efficient vehicle technologies, is evidence they are reluctant to embrace solutions they didn't invent." First shown at the North American International Auto Show (NAIAS) in Detroit in January, 2008, two XH150 prototypes have toured the country for the last ten months and received positive reactions from the American public, national media, public officials, governors, ... members of Congress as well as automotive fleet managers and engineers in Austin, Salt Lake City, Philadelphia, Washington D.C., Seattle, Livermore and Sacramento. Furia explained that, when AFS Trinity sought exhibition space on the main floor of the LA Auto Show, the only space that show management offered was the Kentia Hall basement.
Note: The LA Auto Show is "owned" by the Greater Los Angeles New Car Dealers Association, which, in turn, is closely associated with the major auto makers in Detroit. For lots more exciting developments in automotive and new energy technologies from reliable, verifiable sources, 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.