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.
United States taxpayers have funneled more than $60 billion of aid into Egypt since President Hosni Mubarak came to power in 1981, but more than half of the money has been spent supplying weapons to the country’s military. About $34 billion of the aid to Egypt has come in the form of grants that Congress requires Egypt to spend on American military hardware. In recent years the large amount of aid earmarked for the military, and the relatively low sums supporting civilian aid, have attracted scathing criticism from Egyptians, some of whom argue that US aid has gone to entrench a military dictator at the expense of the fledgling democracy activists. During the early turmoil, protesters were the target of tear gas canisters that read "made in the USA," fueling debate about the aid. Last year, Egypt was the fifth-largest recipient of US aid, getting $1.6 billion. Congress ... authorized major aid packages to both [Egypt and Israel in 1979], using an informal formula — not enshrined in the peace treaty — that gave Egypt $2 for every $3 that Israel received. Israel quickly became the largest recipient of US aid, and Egypt the second-largest — rankings that were only recently overtaken by wars in Afghanistan and Iraq, and last year, the disaster in Haiti. The strong interest of US companies could help explain why US military assistance to Egypt has remained at $1.3 billion a year, while its civilian economic assistance has steadily shrunk, from $815 million a decade ago to $250 million requested for 2011. The decline began in 1998, when Israel arranged for a reduction in economic support and an increase military aid. As Israeli’s economic aid shrunk, so too did Egypt’s.
Note: Israel receives about $3 billion a year from the US, yet the population of the country is 8 million. If you do the math, the US is providing the equivalent of nearly $4,000 in aid per year to every man, woman and child in Israel, with $3,000 of that to buy US military hardware. For lots more reliable information on how the military/industrial complex manipulates world politics to support the war machine, click here and here.
"We certainly applaud the efforts of the commission," said White House press secretary Robert Gibbs, referring to the Financial Crisis Inquiry Report. "Frankly, I'm not sure much has changed," said one of commissioners, Byron Georgiou. "The concentration of assets in the nation's 10 biggest banks is bigger now than it was five years ago, from 58 percent in 2006 to 63 percent now." Referring to executives who remain at the head of those banks that almost ran aground, Georgiou said ... "Either they knew and didn't want to tell us, or they really didn't know. Either way, they put their institutions at risk." And have yet to be held accountable. Commissioner Brooksley Born can enjoy a certain sense of vindication. Not only had "over-the-counter derivatives contributed significantly to this crisis," ... but the enactment of legislation in 2000 to ban their regulation "was a key turning point in the march toward the financial crisis." As head of the Commodity Futures Trading Commission in the 1990s, Born was aware of the damage the largely unregulated instruments had already caused. Born suggested some more regulation. [She] was squashed like a bug by Clinton administration heavyweights, including Lawrence Summers and Robert Rubin, [and] Federal Reserve Chairman Alan Greenspan. One of the results: The Commodity Futures Modernization Act of 2000 eliminated government oversight of the OTC market. As the report documents, the use of such derivatives ... helped bring the entire financial system to its knees. Born hasn't seen much change in terms of accountability. One thing the report makes clear ... is just how preposterous were the "Who knew?" and "Who could have predicted?" statements offered up by chief executives and top government officials.
Note: So the 10 biggest banks now control 63% of total U.S. bank assets. The total for these banking assets as of the second quarter of 2010 were calculated at $13.22 trillion. Yet four of these megabanks also control an astounding 95% of the $574 trillion derivatives market, a sum over 40 times the amount of bank assets! Do you think there might be a problem with a derivatives bubble?
A newly revealed 1997 letter from the Vatican warned Ireland's Catholic bishops not to report all suspected child-abuse cases to police — a disclosure that victims groups described as "the smoking gun" needed to show that the Vatican enforced a worldwide culture of cover-up. The letter, obtained by Irish broadcasters RTE and provided to The Associated Press, documents the Vatican's rejection of a 1996 Irish church initiative to begin helping police identify pedophile priests following Ireland's first wave of publicly disclosed lawsuits. Child-abuse activists in Ireland said the 1997 letter should demonstrate, once and for all, that the protection of pedophile priests from criminal investigation was not only sanctioned by Vatican leaders but ordered by them. "The letter is of huge international significance, because it shows that the Vatican's intention is to prevent reporting of abuse to criminal authorities. And if that instruction applied here, it applied everywhere," said Colm O'Gorman, director of the Irish chapter of human rights watchdog Amnesty International. The Vatican does advise bishops worldwide to report crimes to police — in a legally nonbinding lay guide on its Web site. This recourse is omitted from the official legal advice provided by the Congregation for the Doctrine of the Faith and updated last summer. That powerful policymaking body continues to stress the secrecy of canon law.
Note: For many key reports from major media sources on institutional secrecy, click here.
WikiLeaked cables released over the weekend revealed more about the US' role as a global bully. In a 2007 cable from Craig Stapleton, then US Ambassador to France, he encouraged the US government to "reinforce our negotiating position with the EU on agricultural biotechnology by publishing a retaliation list." A list, he added, that "causes some pain across the EU since this is a collective responsibility." The stated reason for their attack was that "Europe is moving backwards not forwards" on GMOs, with "France playing a leading role, along with Austria, Italy and even the [EU] Commission." The Ambassador was concerned that France and others would put a ban on the cultivation of Monsanto's GM corn seeds. According to the cable, the Ambassador ... was also upset about France's draft biotech law that "would make farmers and seed companies legally liable for pollen drift." This concept that the "polluter pays" is a foundational principle of US law - except for GMOs. Offering consumers a choice on GMOs is not on the US government agenda. Stapleton's tone in the letter was insistent. "We should not be prepared to cede on cultivation because of our considerable planting seed business in Europe." He said, "Moving to retaliation will make clear that the current path has real costs to EU interests and could help strengthen European pro-biotech voices."
Note: For lots more showing US commitment to spread frankenfoods, see this article. For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.
Enough uncertainty surrounds silver-colored metal dental fillings with mercury that U.S. regulators should add more cautions for dentists and patients, a U.S. advisory panel [has] said. The fillings should be accompanied by warnings about unknown risks for vulnerable people such as children and pregnant women. "There really is no place for mercury in children," Suresh Kotagal, a panelist and neurologist at the Mayo Clinic in Rochester, Minnesota, said of the toxic metal. Mercury has been linked to neurological damage at high exposure levels and makes up about half of a metal filling. While the panel stopped short of urging a ban, it wants the FDA to look at the latest data and reassess its guidance after the agency last year declared the fillings safe. Some European nations have banned amalgam use. Critics told the advisers there was a clear link between mercury fillings and side effects, especially in more vulnerable patients. They should be banned or not implanted unless patients give consent, they said.
Note: Why is mercury still used in most dental fillings, when there is a known risk and other materials are available? Our teeth are not a good place for mercury. Studies have proven that small amounts of mercury are released by these fillings in gases into the mouth, only the toxicity is debated. For more, click here.
After World War II, American counterintelligence recruited former Gestapo officers, SS veterans and Nazi collaborators to an even greater extent than had been previously disclosed and helped many of them avoid prosecution or looked the other way when they escaped, according to thousands of newly declassified documents. With the Soviet Union muscling in on Eastern Europe, settling scores with Germans or German collaborators ... appeared counterproductive, said a government report published Friday by the National Archives. In chilling detail, the report also elaborates on the close working relationship between Nazi leaders and the grand mufti of Jerusalem, Haj Amin al-Husseini, who ... recruited Muslims for the SS, the Nazi Partys elite military command, [and] was allowed to flee after the war to Syria. The report, Hitlers Shadow: Nazi War Criminals, U.S. Intelligence and the Cold War, grew out of an interagency group created by Congress to identify, declassify and release federal records on Nazi war crimes and on Allied efforts to hold war criminals accountable. It is drawn from a sampling of 1,100 C.I.A. files and 1.2 million Army counterintelligence files that were not declassified until ... 2007. Hitlers Shadow adds a further dimension to a separate Justice Department history of American Nazi-hunting operations, which the government has refused to release ... and which concluded that American intelligence officials created a safe haven in the United States for certain other former Nazis.
Note: Following World War Two, more than 1500 Nazi's, including many war criminals, were brought to the US by "Operation Paperclip" and secretly embedded in the US scientific community and intelligence establishment. For more, see concise summaries of deeply revealing news articles about corruption in government and in the intelligence community.
A report to Congress reveals details on how U.S. intelligence officials used and protected some Nazi Gestapo agents after World War II. The report was authored by historians hired by the U.S. National Archives and Records Administration. The report draws from an unprecedented trove of records on clandestine operations that the CIA was persuaded to declassify and from previously inaccessible Army intelligence files. "The CIA records give us a much better picture of the movements of Nazi war criminals in the postwar period. The Army records are voluminous, and will be keeping people busy for many years," said Richard Breitman, of the American University in Washington, D.C., who co-authored the report with Norman J.W. Goda, of the University of Florida. The records were made available under the Nazi War Crimes Disclosure Act of 1998. Nazi hunters and lawmakers have long raised questions about what U.S. government knew and its involvement with war criminals during the Cold War. The Nazi War Crimes Disclosure Act has so far resulted in more than 8 million documents being declassified; a landmark 2005 book on U.S. Intelligence and the Nazis in part authored by Breitman and Goda; and a final report to Congress.
Note: The CIA would never have declassified these documents were it not for pressure from caring citizens which caused Congress to act. For details of the CIA employment of Nazis in its post-war mind-control experimentation on humans without their consent, click here.
Before the sun rose, the informant donned a white Islamic robe. A tiny camera was sewn into a button, and a microphone was buried in a device attached to his keys. The undercover FBI informant - a convicted forger named Craig Monteilh - then drove off for 5 a.m. prayers at the Islamic Center of Irvine, where he says he spied on dozens of worshipers in a quest for potential terrorists. Monteilh's mission as an informant backfired. Muslims were so alarmed by his talk of violent jihad that they obtained a restraining order against him. He had helped build a terrorism-related case against a mosque member, but that also collapsed. The Justice Department recently took the extraordinary step of dropping charges against the worshiper, who Monteilh had caught on tape agreeing to blow up buildings, law enforcement officials said. Prosecutors had portrayed the man as a dire threat. Compounding the damage, Monteilh has gone public, revealing secret FBI methods and charging that his "handlers" trained him to entrap Muslims as he infiltrated their mosques, homes and businesses. He is now suing the FBI. Officials ... confirm that he was a paid FBI informant. Court records and interviews corroborate not only that Monteilh worked for the FBI - he says he made $177,000, tax-free, in 15 months - but that he provided vital information on a number of cases.
Note: For lots more from reliable sources on the long series of fake terror scares used by governments to control their domestic populations by fear, click here.
New disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to ... foreign-owned banks in 2008 and 2009. The central bank's aid programs also supported U.S. subsidiaries of banks based in East Asia, Europe and Canada. The biggest users of the Fed lending programs were some of the world's largest banks, including Citigroup, Bank of America, Goldman Sachs, Swiss-based UBS and Britain's Barclays, according to more than 21,000 loan records released [December 1] under new financial regulatory legislation. The data reveal banks turning to the Fed for help almost daily in the fall of 2008 as the central bank lowered lending standards and extended relief to all kinds of institutions it had never assisted before. The extent of the lending to major banks - and the generous terms of some of those deals - heighten the political peril for a central bank that is already under the gun for a wide range of actions, including a recent decision to try to stimulate the economy by buying $600 billion in U.S. bonds. "The American people are finally learning the incredible and jaw-dropping details of the Fed's multitrillion-dollar bailout of Wall Street and corporate America," said Sen. Bernard Sanders (I-Vt.), a longtime Fed critic whose provision in the Wall Street regulatory overhaul required the new disclosures. "Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations." The Fed launched emergency programs totaling $3.3 trillion in aid, a figure reached by adding up the peak amount of lending in each program.
Note: The figure of $3.3 trillion cited in this article was simply the peak amount lent at one moment in time; the total amount lent by the Fed over the years covered by the data exceeded $20 trillion. For analysis of this data release, click here.
The Department of Health is putting the fast food companies McDonald's and KFC and processed food and drink manufacturers such as PepsiCo, Kellogg's, Unilever, Mars and Diageo at the heart of writing government policy on obesity, alcohol and diet-related disease. In an overhaul of public health, said by [critics] to be the equivalent of handing smoking policy over to the tobacco industry, health secretary Andrew Lansley has set up five "responsibility deal" networks with business, co-chaired by ministers, to come up with policies. The groups are dominated by food and alcohol industry members, who have been invited to suggest measures to tackle public health crises. The alcohol responsibility deal network is chaired by the head of the lobby group the Wine and Spirit Trade Association. The food network to tackle diet and health problems includes processed food manufacturers, fast food companies, and Compass, the catering company. The food deal's sub-group on calories is chaired by PepsiCo, owner of Walkers crisps. The leading supermarkets are an equally strong presence. In early meetings, these commercial partners have been invited to draft priorities and identify barriers, such as EU legislation, that they would like removed. They have been assured by Lansley that he wants to explore voluntary not regulatory approaches, and to support them in removing obstacles.
Note: For lots more from reliable sources on corporate and government corruption, click here and here.
Somebody owes us $20 trillion. "Inside Job," a riveting, eye-opening, infuriating documentary about the financial collapse of 2008, coolly presents a prosecutor's brief against the culprits who engineered the greatest economic crisis since the Great Depression. They occupy both sides of the legislative aisle, corporate boardrooms, Ivy League faculty lounges and bank headquarters. They made money – sometimes obscene amounts of it – while rigging a monetary meltdown that left middle-class taxpayers holding the bag, and thousands of less-fortunate former homeowners holding cardboard signs beside freeway on-ramps. This is no dry economics lesson; it is a vital wakeup call. The presentation is articulate and rigorously factual, presented in six chapters, from "How We Got There" to "Accountability." The financial earthquake was not only entirely avoidable, but was utterly predictable given the steady erosion of scrutiny of financial markets here and abroad. Reducing state monitoring under the Reagan administration set the stage for the savings-and-loan crisis and the collapse of the junk-bond market. But that was a luau compared with what lay ahead. Successive administrations, Democratic and Republican alike, heeded advisers pushing for further deregulation, leading to WorldCom, Enron, the dot-com bubble and the 2008 panic. Many of those laissez-faire advocates were prominent academics receiving sizable consulting fees to testify in antitrust cases and in Congress on Wall Street's behalf.
Note: For lots more from reliable sources on the long history of criminal and corrupt practices of major financial powers and regulatory bodies, click here.
One of the best-known scientific sleuths of UFO sightings is focusing his search not on today's flying saucers, but on the sky wonders of antiquity. Jacques Vallee [is] the French-born computer whiz and venture capitalist who ... served as the model for Francois Truffaut's UFO-hunting character in "Close Encounters of the Third Kind." He's a co-author of a newly published book, "Wonders in the Sky," that lists 500 unexplained aerial observations dating back as far as 1460 B.C. and going up to the dawn of the industrial age in 1879. About 90 percent of UFO reports turn out to have perfectly natural explanations, but Vallee says the reports that remain unexplained are provocative enough that they deserve more thoroughgoing study. Jacques Vallee: Many of the reports in our book came from professional scientists in the 18th and 19th centuries [including] two directors of the Paris Observatory. Thanks to the Internet, now we have the means to look at vast collections of records. Many of the cases, both ancient and modern, involve a number of trained people - sometimes the entire crew of an aircraft ... and official reports by pilots which in many cases involved near-collisions. There are pilots and military people willing to talk openly about what they've seen. There is a database of over 500 reports by pilots in the first person. There are radar records, visual observations, electromagnetic observations. All of us who have investigated this have spoken to pilots and radar operators who said that after a sighting, a couple of people in blue jeans showed up with some identification from somewhere and confiscated the tapes or the film, and they took it somewhere and no one ever saw it again.
Note: The list of sightings at the end of this article from highly reliable observers reporting before humans could fly is quite intriguing. For lots more reliable, verifiable information on the UFO cover-up, click here.
At least 15 million American adults say they have had a near-death experience, according to a 1997 survey -— and the number is thought to be rising with increasingly sophisticated resuscitation techniques. In addition to floating above their bodies, people often describe moving down a dark tunnel toward a bright light, feeling intense peace and joy, reviewing life events and seeing long-deceased relatives—only to be told that it's not time yet and land abruptly back in an ailing body. "There are always skeptics, but there are millions of 'experiencers' who know what happened to them, and they don't care what anybody else says," says Diane Corcoran, president of the International Association for Near-Death Studies, a nonprofit group in Durham, N.C. The organization publishes the Journal of Near-Death Studies and maintains support groups in 47 states. In his new book, Evidence of the Afterlife, Jeffrey Long, a radiation oncologist in Louisiana, analyzes 613 cases reported on the website of his Near Death Research Foundation and concludes there is only one plausible explanation: "that people have survived death and traveled to another [mode of existence]." "The self, the soul, the psyche — throughout history, we've never managed to figure out what it is and how it relates to the body," [said Sam Parnia, a critical-care physician]. "This is a very important for science and fascinating for humankind."
Note: For two of the most amazing near-death experiences ever told, click here and here.
It was a gorgeous Himalayan village, with a river running through it. But it was also ravaged by the war. Temples had been burned down, and the girl’s home had been converted into a rebel camp. Most children couldn’t afford school. In the cities, [Maggie Doyne] had seen them working with hammers, breaking rocks into gravel to sell. “The first little girl I met was Hema,” Doyne remembers. Then 6 or 7 years old (few children know their precise age), Hema spent her time breaking rocks and scavenging garbage and had no chance to go to school. But she was radiant and adorable and always greeted Doyne in Nepali with a warm, “Good morning, Sister!” “Maybe I saw a piece of myself in her,” said Doyne, who decided to take Hema under her wing and pay for her education: “I knew I couldn’t do anything about a million orphans, but what if I started with this girl?” So she took Hema to school and paid $7 for the girl’s school fees and another $8 for a uniform so that she could enter kindergarten. “It became addictive,” Doyne said. “I said, if I can help one girl, why not 5? Why not 10?" Doyne found a ramshackle telephone “booth” — actually, a mud hut — where she could place an international call and telephoned her parents with a strange and urgent request: Can you wire me the money in my savings account? Her parents sent her the money. Doyne has since raised hundreds of thousands more. With it she has built the Kopila Valley Children’s Home.
Note: For a slide show of Maggie's great work on the New York Times website, click here. For Maggie's inspiring website, click here.
A grim picture of the US and Britain's legacy in Iraq has been revealed in a massive leak of American military documents that detail torture, summary executions and war crimes. Almost 400,000 secret US army field reports have been passed to the Guardian ... via the whistleblowing website WikiLeaks. The new logs detail how: A US helicopter gunship involved in a notorious Baghdad incident had previously killed Iraqi insurgents after they tried to surrender. More than 15,000 civilians died in previously unknown incidents. The logs record 66,081 non-combatant deaths out of a total of 109,000 fatalities. The numerous reports of detainee abuse, often supported by medical evidence, describe prisoners shackled, blindfolded and hung by wrists or ankles, and subjected to whipping, punching, kicking or electric shocks. Six reports end with a detainee's apparent death. The whistleblowing activists say they have deleted all names from the documents that might result in reprisals.
Note: For an analysis by the Ad Hoc Committee for Justice for Iraq of the still very one-sided picture of the devastation of Iraq provided by this leak of Iraq war logs, click here. For an interview of the leader of Wikileaks on CNN in which he walks out after being asked about his personal life rather than Iraqi deaths, click here.
As George H. Painter was preparing to retire recently as one of two administrative law judges presiding over investor complaints at the Commodity Futures Trading Commission, he issued an extraordinary request: Please don't assign my pending cases to the other judge. [The CFTC oversees trading of the nation's most important commodities, including oil, gold and cotton.] Painter said Judge Bruce Levine ... had a secret agreement with a former Republican chairwoman of the agency to stand in the way of investors filing complaints with the agency. "On Judge Levine's first week on the job, nearly twenty years ago, he came into my office and stated that he had promised Wendy Gramm, then Chairwoman of the Commission, that we would never rule in a complainant's favor," Painter wrote. "A review of his rulings will confirm that he fulfilled his vow. Judge Levine ... forces pro se complainants to run a hostile procedural gauntlet until they lose hope, and either withdraw their complaint or settle for a pittance, regardless of the merits of the case." Levine was the subject of a story 10 years ago in the Wall Street Journal, which said that except in a handful of cases in which defunct firms failed to defend themselves, Levine had never ruled in favor of an investor. Gramm [wife of former senator Phil Gramm (R-Tex.)], was head of the CFTC just before president Bill Clinton took office. She has been criticized by Democrats for helping firms such as Goldman Sachs and Enron gain influence over the commodity markets. After leaving the CFTC, she joined Enron's board.
Note: For lots more from reliable sources on government corruption, click here.
If the now-viral video of Fort Worth City Council member Joel Burns' extraordinary address during an otherwise routine meeting ... does not move you to tears, you surely have a tough, leathery little peanut for a heart. Burns, who is gay, spoke directly to young victims of anti-gay bullying. He shared his own teenage experience of ugly, mindless victimization, and he made the promise to kids enduring similar torment: "It gets better." That's "It Gets Better" - with caps - since it's the name for an informal online video project of adults sharing their coming-out stories to teens who are struggling with their sexual orientation and especially vulnerable to harassment. Burns' statement ... could save somebody's life. It might already have [done so]. Burns first showed photos and told stories of a half-dozen teens whose recent suicides have been linked to ridicule they received for being - or being thought to be - gay. As cruel as these stories are, they are the most poignant evidence there is against the absurd notion that sexual orientation is a "lifestyle choice" instead of a biological reality. Burns deliberately sought the attention of scared, isolated kids who fear their misery is permanent. "I know that life can seem unbearable … but I want you to know that it gets better," he said. "You will get out of the household that doesn't accept you. You will get out of that high school, and you don't ever have to deal with those jerks again, if you don't want to."
Note: For the beautiful, touching 12-minute video where this courageous city council member talks about stopping school bullying which is killing innocent children, click here. And watch a touching seven-minute video about a very tough decision made by a caring couple about the gender of their child. For a treasure trove of great news articles which will inspire you to make a difference, click here.
If you want to understand the way prescription drugs are marketed today, have a look at the 1928 book, Propaganda, by Edward Bernays, the father of public relations in America. For Bernays, the public relations business was less about selling things than about creating the conditions for things to sell themselves. When Bernays was working as a salesman for Mozart pianos, for example, he did not simply place advertisements for pianos in newspapers. That would have been too obvious. Instead, Bernays persuaded reporters to write about a new trend: Sophisticated people were putting aside a special room in the home for playing music. Once a person had a music room, Bernays believed, he would naturally think of buying a piano. As Bernays wrote, "It will come to him as his own idea." Just as Bernays sold pianos by selling the music room, pharmaceutical marketers now sell drugs by selling the diseases that they treat. The buzzword is "disease branding." To brand a disease is to shape its public perception in order to make it more palatable to potential patients. Once a branded disease has achieved a degree of cultural legitimacy, there is no need to convince anyone that a drug to treat it is necessary. It will come to him as his own idea. It is hard to brand a disease without the help of physicians, of course. So drug companies typically recruit academic "thought leaders" to write and speak about any new conditions they are trying to introduce.
Note: This key topic is discussed in great depth in the BBC's documentary "Century of the Self" available here. And for a top doctor's analysis that the cholesterol scare was largely manufactured for profit, click here.
Americans die sooner than citizens of a dozen other developed nations and the usual suspects -- obesity, traffic accidents and a high murder rate -- are not to blame. Instead, poor healthcare may be to blame, the team at Columbia University in New York reported. They found that 15-year survival rates for men and women aged 45 to 65 have fallen in the United States relative to the other 12 countries over the past 30 years. In June, the Commonwealth Fund, which advocates on and does research focusing on healthcare reform, reported that Americans spend twice as much on healthcare as residents of other developed countries -- $7,290 per person -- but get lower quality and less efficiency. Between 1975 and 2005, medical costs went up in all the countries, as did life expectancy. But costs went up far more in the United States and life expectancy increased to a far lower degree. "In 1950, the United States was fifth among the leading industrialized nations with respect to female life expectancy at birth, surpassed only by Sweden, Norway, Australia, and the Netherlands," [the report authors] wrote. At last count, the United States was 46th in female life expectancy; 49th for both sexes.
Note: For key reports from reliable sources on important health issues, click here.
Most investors, when sizing up a company, ask a simple question: "Will this company make me money?" But John Grafer, a principal with Satori Capital, likes to ask a question most traditional investors never think of: "Does your receptionist have an equity stake in your company?" Grafer is one of a growing breed of investors who look beyond the bottom line and ask what a company is doing to help society. It's called impact investing, and its supporters say it combines the shrewdness of the for-profit marketplace with an earnest desire to do good. "It's the opposite of a quick flip," Grafer said. "While there might not be a short-term return, you get a larger long-term return." The companies that make up Satori's $175 million fund all have to meet strict financial and social benchmarks. Grafer said he focuses on ownership, the environment, civic involvement and respectful relationships with customers. A report by Hope Consulting indicates that investors were willing to spend as much as $120 billion on companies that promise social and financial return, if the right product were available. Four social market funds are well on their way to reaching $100 million. And attendance at this year's conference was double what it was when the conference began just three years ago. Organizers say the trend toward socially conscious investing has been spurred by the downturn in the economy. "The traditional market failed," said Kevin Jones, of San Francisco's Good Capital and a conference organizer. "This kind of stuff works without creating a bubble."
Note: For an excellent example of investing for social good while still make a return on your investing, check out our excellent piece on microlending at this link.
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.