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A Senate bill would offer President Obama emergency control of the Internet and may give him a "kill switch" to shut down online traffic by seizing private networks -- a move cybersecurity experts worry will choke off industry and civil liberties. Details of a revamped version of the Cybersecurity Act of 2009 emerged late Thursday, months after an initial version authored by Sen. Jay Rockefeller, D-W.V., was blasted in Silicon Valley as dangerous government intrusion. "In the original bill they empowered the president to essentially turn off the Internet in the case of a 'cyber-emergency,' which they didn't define," said Larry Clinton, president of the Internet Security Alliance, which represents the telecommunications industry. The new legislation allows the president to "declare a cybersecurity emergency" relating to "non-governmental" computer networks and make a plan to respond to the danger, according to an excerpt published online -- a broad license that rights experts worry would give the president "amorphous powers" over private users. "As soon as you're saying that the federal government is going to be exercising this kind of power over private networks, it's going to be a really big issue," Lee Tien, a senior staff attorney with the Electronic Frontier Foundation.
Note: For revealing reports from major media sources on threats to civil liberties, click here.
When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation's leading financial institutions because the banks were so big that officials feared their failure would ruin the entire financial system. Today, the biggest of those banks are even bigger. The crisis may be turning out very well for many of the behemoths that dominate U.S. finance. A series of federally arranged mergers safely landed troubled banks on the decks of more stable firms. And it allowed the survivors to emerge from the turmoil with strengthened market positions, giving them even greater control over consumer lending and more potential to profit. J.P. Morgan Chase ... now holds more than $1 of every $10 on deposit in this country. So does Bank of America, scarred by its acquisition of Merrill Lynch and partly government-owned as a result of the crisis, as does Wells Fargo, the biggest West Coast bank. Those three banks, plus government-rescued and -owned Citigroup, now issue one of every two mortgages and about two of every three credit cards, federal data show. Concerns are twofold: that consumers will wind up with fewer choices for services and that big banks will assume they always have the government's backing if things go wrong. That presumed guarantee means large companies could return to the risky behavior that led to the crisis if they figure federal officials will clean up their mess. The worry for consumers is that the bailouts skewed the financial industry in favor of the big and powerful. Fresh data from the FDIC show that big banks have the ability to borrow more cheaply than their peers because creditors assume these large companies are not at risk of failing.
Note: For lots more from reliable sources on the realities of the Wall Street bailout, click here.
U.S. government health officials are urging Americans not to panic over estimates that up to 90,000 people might die in the United States from swine flu this year. "Everything we've seen in the U.S. and everything we've seen around the world suggests we won't see that kind of number if the virus doesn't change," said Dr. Thomas Frieden, head of the Centers for Disease Control and Prevention. While the swine flu seems quite easy to catch, it so far hasn't been more deadly than the flu strains seen every fall and winter — many people have only mild illness. And close genetic tracking of the new virus as it circled the globe over the last five months so far has shown no sign that it's mutating to become more virulent. Still, the CDC has been preparing for a worst-case flu season as a precaution — in July working from an estimate slightly more grim than one that made headlines this week — to make sure that if the virus suddenly worsened or vaccination plans fell through, health authorities would know how to react. On Monday the White House released a report from a group of presidential advisers that included a scenario where anywhere from 30 percent to half of the population could catch what doctors call the "2009 H1N1" flu, and death possibilities ranged from 30,000 to 90,000. "We don't think that's the most likely scenario," CDC flu specialist Dr. Anne Schuchat said of the presidential advisers' high-end tally. In a regular flu season, up to 20 per cent of the population is infected and 36,000 die.
Note: Like the avian flu several years ago, the swine flu is turning out to be largely fear-mongering which has poured billions of dollars into the deep pockets of the medical/industrial complex. For lots more reliable information from major media reports on this, click here.
Many GPs, as well as their patients, may be reluctant to be immunised against swine flu once a vaccine is developed, surveys suggest today. A survey of GPs published on Healthcare Republic, the website of GP magazine, found that up to 60% of GPs may decline vaccination. Although the numbers who responded were small – 216 GPs – they are in line with a much bigger survey of nurses published a week ago by Nursing Times, which found that a third of 1,500 nurses would refuse vaccination. A Canadian study published today in the journal Emerging Health Threats suggests the public, too, will have reservations that must be overcome if a vaccination campaign is to be successful in the autumn or winter. The study, which used focus groups to establish the likely response of different people to a vaccine, pointed to the need to win over people who believe that alternative therapies and a good diet are a better option than vaccines. But the biggest problem in persuading people and healthcare professionals to have the jab may be the relative shortage of evidence from trials about its safety and efficacy. Because of the urgent need for a vaccine, testing will be limited. Among the GPs who responded to the survey published by Healthcare Republic, 29% said they would not choose to have the vaccine and 29% said they were unsure whether or not they would. The biggest reason given by those who said they would not have it was concern that the safety trials would not be adequate: 71.3% said they were "concerned that the vaccine has not yet been through sufficient trials to guarantee safety". Half – 50.4% – said they "believe that swine flu is too mild to justify taking the vaccine".
Note: Yet the Massachusetts Senate has now passed a bill which would impose fines up to $1,000 and jail up to 30 days for those who refuse vaccines or quarantine orders in a health emergency. Other states are considering similar legislation. For lots more on the real dangers of the swine flu vaccine, click here.
The flu drugs Tamiflu and Relenza may not be worthwhile to treat seasonal influenza in healthy adults, British researchers reported on Friday. "Recommending the use of antiviral drugs for the treatment of people presenting with symptoms is unlikely to be the most appropriate course of action," wrote Jane Burch of the University of York and colleagues. Their study, published in the Lancet Infectious Diseases, supports an advisory from the World Health Organization that says healthy patients who get H1N1 swine flu without suffering complications do not need to be treated with antivirals. Burch's team reviewed many different published studies on Tamiflu and Relenza. "We present the results for healthy adults and people at-risk of influenza-related complications," they wrote. Both drugs shaved about half a day, on average, off the time patients were ill, they found. Influenza usually affects people for about a week. The drugs worked a little better in people who have a high risk of complications, such as patients with diabetes or asthma, with Relenza cutting sickness by almost a day and Tamiflu by three-quarters of a day, on average. This suggests the drugs should be reserved for people who need them the most, the researchers concluded.
Note: To read a powerful account of the real dangers of the swine flu scare, click here.
The rich have been getting richer for so long that the trend has come to seem almost permanent. They began to pull away from everyone else in the 1970s. By 2006, income was more concentrated at the top than it had been since the late 1920s. The recent news about resurgent Wall Street pay has seemed to suggest that not even the Great Recession could reverse the rise in income inequality. But economists say — and data is beginning to show — that a significant change may in fact be under way. The rich, as a group, are no longer getting richer. Over the last two years, they have become poorer. And many may not return to their old levels of wealth and income anytime soon. Last year, the number of Americans with a net worth of at least $30 million dropped 24 percent. Few economists expect the country to return to the relatively flat income distribution of the 1950s and 1960s. Indeed, they say that inequality is likely to remain significantly greater than it was for most of the 20th century. In 2007, the top one ten-thousandth of households took home 6 percent of the nation’s income, up from 0.9 percent in 1977. It was the highest such level since at least 1913, the first year for which the I.R.S. has data. The top 1 percent of earners took home 23.5 percent of income, up from 9 percent three decades earlier.
Note: Two researchers into income inequality, Emmanuel Saez and Thomas Piketty, recently released a detailed report showing that income inequality in 2007, just before the real estate bubble burst and the financial crisis unfolded, was the highest since 1917. To read their report, "Striking it Richer: The Evolution of Top Incomes in the United States," click here. For analysis of the report, click here.
Scientists in Israel have demonstrated that it is possible to fabricate DNA evidence, undermining the credibility of what has been considered the gold standard of proof in criminal cases. The scientists fabricated blood and saliva samples containing DNA from a person other than the donor of the blood and saliva. They also showed that if they had access to a DNA profile in a database, they could construct a sample of DNA to match that profile without obtaining any tissue from that person. “You can just engineer a crime scene,” said Dan Frumkin, lead author of the paper, which has been published online by the journal Forensic Science International: Genetics. “Any biology undergraduate could perform this.” Dr. Frumkin is a founder of Nucleix, a company based in Tel Aviv that has developed a test to distinguish real DNA samples from fake ones that it hopes to sell to forensics laboratories. The planting of fabricated DNA evidence at a crime scene is only one implication of the findings. A potential invasion of personal privacy is another. Using some of the same techniques, it may be possible to scavenge anyone’s DNA from a discarded drinking cup or cigarette butt and turn it into a saliva sample that could be submitted to a genetic testing company that measures ancestry or the risk of getting various diseases. Tania Simoncelli, science adviser to the American Civil Liberties Union, said the findings were worrisome. “DNA is a lot easier to plant at a crime scene than fingerprints,” she said. “We’re creating a criminal justice system that is increasingly relying on this technology.”
Note: For lots more on government threats to civil liberties, click here.
Known as the 'Crocodile Man', Costa Rican animal lover Chito swims, plays and even feeds Pocho the giant crocodile in what is one of the world's most unlikely friendships. 'This is a very dangerous routine but Pocho is my friend and we have a good relationship,' says 52-year-old Chito. 'He will look me in the eye and he does not attack me. It is too dangerous for anyone else to come in the water. It is only ever the two of us.' The bizarre friendship began nearly 20 years ago when Chito rescued the 980-pound crocodile after finding him close to death ... shot in the left eye by a cattle farmer after preying on a herd of cows. Chito enlisted the help of several friends to load the massive reptile into his boat. Naming him 'Pocho' (meaning strength), the fisherman says he healed the reptile with medicine, food, and, more importantly, lots of care and attention. 'When I found him in the river after he was dying so I put him in my boat and I brought him into my house,' recalls Chito. 'He was very skinny, weighing only around 150 pounds, so I gave him chicken and fish and medicine for six months to help him recover.' During the recovery process, Chito stayed by Pocho's side, even sleeping with him at night. 'I just wanted him to feel that someone loved him, that not all humans are bad,' Chito says.
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A warning that the new swine flu jab is linked to a deadly nerve disease has been sent by the Government to senior neurologists in a confidential letter. The letter from the Health Protection Agency, the official body that oversees public health, has been leaked to The Mail on Sunday, leading to demands to know why the information has not been given to the public before the vaccination of millions of people, including children, begins. [The letter] tells the neurologists that they must be alert for an increase in a brain disorder called Guillain-Barre Syndrome (GBS), which could be triggered by the vaccine. GBS attacks the lining of the nerves, causing paralysis and inability to breathe, and can be fatal. The letter, sent to about 600 neurologists on July 29, is the first sign that there is concern at the highest levels that the vaccine itself could cause serious complications. It refers to the use of a similar swine flu vaccine in the United States in 1976 when: * More people died from the vaccination than from swine flu. * 500 cases of GBS were detected. * The vaccine may have increased the risk of contracting GBS by eight times. * The vaccine was withdrawn after just ten weeks when the link with GBS became clear. * The US Government was forced to pay out millions of dollars to those affected. Concerns have already been raised that the new vaccine has not been sufficiently tested and that the effects, especially on children, are unknown. The British Neurological Surveillance Unit (BNSU), part of the British Association of Neurologists, has been asked to monitor closely any cases of GBS as the vaccine is rolled out. One senior neurologist said last night: ‘I would not have the swine flu jab because of the GBS risk.’
Note: For more on the swine flu scare and the dangers of vaccines, click here.
The US oil and gas lobby are planning to stage public events to give the appearance of a groundswell of public opinion against legislation that is key to Barack Obama's climate change strategy. A key lobbying group will bankroll and organise 20 "energy citizen" rallies in 20 states. In an email obtained by Greenpeace, Jack Gerard, the president of the American Petroleum Institute (API), outlined what he called a "sensitive" plan to stage events during the August congressional recess to put a "human face" on opposition to climate and energy reform. "Our goal is to energise people and show them that they are not alone," said Cathy Landry, for API, who confirmed that the memo was authentic. The email from Gerard lays out ambitious plans to stage a series of lunchtime rallies to try to shape the climate bill that was passed by the house in June and will come before the Senate in September. "We must move aggressively," it reads.The API strategy also extends to a PR drive. Gerard cites polls to test the effectiveness of its arguments against climate change legislation. It offers up the "energy citizen" rallies as ready-made events, noting that allies – which include manufacturing and farm alliances as well as 400 oil and gas member organisations – will have to do little more than turn up. "API will provide the up-front resources," the email said. "This includes contracting with a highly experienced events management company that has produced successful rallies for presidential campaigns."
Note: For important reports from major media sources on global warming and oil company manipulation of public perception, click here.
Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. Nine of the financial firms that were among the largest recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008, according to a report released Thursday by Andrew M. Cuomo, the New York attorney general. At Goldman Sachs, for example, bonuses of more than $1 million went to 953 traders and bankers, and Morgan Stanley awarded seven-figure bonuses to 428 employees. Even at weaker banks like Citigroup and Bank of America, million-dollar awards were distributed to hundreds of workers. Mr. Cuomo, who for months has criticized the companies over pay, said the bonuses were particularly galling because the banks survived the crisis with the government’s support. “If the bank lost money, where do you get the money to pay the bonus?” he said. All the banks named in the report declined to comment. Incentives that led to large bonuses on Wall Street are often cited as a cause of the financial crisis. Though it has been known for months that billions of dollars were spent on bonuses last year, it was unclear whether that money was spread widely or concentrated among a few workers. The report suggests that those roughly 5,000 people — a small subset of the industry — accounted for more than $5 billion in bonuses. At Goldman, just 200 people collectively were paid nearly $1 billion in total, and at Morgan Stanley, $577 million was shared by 101 people. All told, the bonus pools at the nine banks that received bailout money was $32.6 billion, while those banks lost $81 billion.
Note: How can this happen? Corruption abounds, yet the fact that you are reading this shows we can change it all. For lots more on the realities of the Wall Street bailout, click here.
A complicated list of who should get [swine] flu vaccine in the fall is now set. When the vaccine starts arriving in September, first in line will be pregnant women; the caretakers of infants; children and young adults; older people with chronic illness; and health-care workers. That's the advice of a 15-member committee of experts, which met all day Wednesday at the Centers for Disease Control and Prevention in Atlanta to advise the federal government on vaccine policy. The priority list names targeted groups and suggests the order in which they should be vaccinated. "The results of this meeting will kick planning into high gear," said Pascale Wortley of the CDC's Immunization Services Division. "This is a watershed moment." All that's missing is the vaccine, knowledge of how well it works and the nitty-gritty details of how to deliver it to people's arms and noses. The vaccine will come in two forms: the traditional flu shot and a "live" vaccine squirted into the nose that contains a weakened version of the new virus. Some of the vaccine will be stored in multi-dose vials containing thimerosal, an antibacterial additive that contains mercury. But there will also be single-dose syringes without thimerosal, a substance that some assert is harmful to children. Among the many unanswered questions is whether two doses will be necessary to provide full protection, how close in time two shots can be given and how big the dose will be. Vaccination programs may start before the answers are known.
Note: Why is thimerosal being used? It is a mercury additive around which there appears to be a major cover-up. For several other revealing articles which suggest an dangerous agenda with the swine flu vaccine, click here.
It sounds like the classic science movie "The Abyss" — only in Russian. The Russian Navy has declassified its records of UFO encounters, many of which take place in or around water, reports the Web site of the English-language Russian news channel Russia Today. "They are most often seen in the deepest part of the Atlantic Ocean, in the southern part of the Bermuda Triangle, and also in the Caribbean Sea," said one naval intelligence officer quoted by the Web site. Another incident cited involved six unknown objects that followed a nuclear submarine in the Pacific. When the sub surfaced, so did the objects — which then lifted themselves out of the water and flew away. In perhaps the most compelling account, military divers in Siberia's Lake Baikal, the world's deepest lake, encountered "a group of humanoid creatures dressed in silvery suits" at a depth of 160 feet. Three humans died during the ensuing chase.
Note: For the testimony of numerous top government and military officials from several different countries on a major UFO cover-up, click here.
It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices. It is called high-frequency trading — and it is suddenly one of the most talked-about and mysterious forces in the markets. Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else’s expense. These systems are so fast they can outsmart or outrun other investors, humans and computers alike. And after growing in the shadows for years, they are generating lots of talk. Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed. High-frequency trading is one answer. And when a former Goldman Sachs programmer was accused this month of stealing secret computer codes — software that a federal prosecutor said could “manipulate markets in unfair ways” — it only added to the mystery. Goldman acknowledges that it profits from high-frequency trading, but disputes that it has an unfair advantage. Yet high-frequency specialists clearly have an edge over typical traders, let alone ordinary investors.
Note: For a wealth of deep reporting on the hidden realities of Wall Street's shadowy operations, click here.
Drugs giant GlaxoSmithKline was accused of cashing in on swine flu after it revealed its profits have risen 10 per cent since the virus was identified. It announced profits yesterday of Ł2.1billion in the past three months. Sales of vaccines and antiviral drugs could push the figure up even higher. GSK chief executive Andrew Witty admitted the swine flu crisis would be a 'significant financial event for the company'. Sales of the company's Relenza inhaler, an alternative to Tamiflu used by pregnant women among others, are expected to top Ł600million. And this figure could be boosted by up to Ł2billion once deliveries of the swine flu vaccine begin in September. But Mr Witty denied Europe's biggest drugs company was gearing up to cash in. He admitted it was planning to charge the UK Ł6 a jab, but vociferously denied reports it cost a pound to manufacture. Liberal Democrat health spokesman Norman Lamb said: 'This is clearly a bonanza for the company. This is a staggeringly substantial return. I will write to the National Audit Office to determine whether we got the best deal for the taxpayer.' Susi Squire of the TaxPayers' Alliance said: 'We need an assurance from the Government that they have got the most competitive rate out of GlaxoSmith-Kline.' Geoff Martin of London Health Emergency said: 'It's a scandal that any company could use the swine flu pandemic as an opportunity to jack up profits. 'The Government should step in and impose a windfall tax on private companies that have hit the jackpot as a result of the flu crisis.'
Note: For more on profiteering in the vaccination industry, click here.
Public health experts are gearing up for swine flu vaccinations this fall in what could be the largest mass-immunization campaign since the polio vaccine was introduced more than 50 years ago. Local public health agencies will bear much of the responsibility for vaccinating the public. For now, there are more questions than answers with regard to flu vaccinations, including how much of the vaccine will be made, when it will available, and who will get it first. In fact, the federal government has not officially announced plans to make a vaccine widely available, although it is expected to do so by the end of summer. "There's still a lot of information we have to figure out, and we're learning as we go," said Dr. Mantu Davis, deputy health officer with the Alameda County Public Health Department. "It's definitely a larger vaccination than anything we've seen, or anything in my lifetime." California authorities designed a mass vaccination plan years ago, under the assumption of a deadly pandemic flu and a limited vaccine supply, said Dr. John Talarico with the state public health department's Center for Infectious Disease. That plan is being revised, given that swine flu seems to be fairly mild so far and that a relatively large amount of vaccine may be available, even if it's not enough to give to everyone at once. A swine flu vaccine is still being designed, and the World Health Organization reported last week that a licensed version may not be available until the end of the year - weeks after the start of the flu season. An unlicensed vaccine - one that is still being tested but is deemed safe enough for the general public - may be available sooner.
Note: After hundreds died and thousands were crippled by a vaccine for the swine flu in 1976, how can they be talking about using an unlicensed vaccine? For lots more on the swine flu scare and the billions in profits for well-connnected pharmaceutical corporations and their major investors, click here.
The senior senator from Alaska, Ted Stevens, enjoyed a reputation for inserting projects into the federal budget to benefit his home state, most notoriously a $223 million bridge from the town of Ketchikan to, well, not much of anyplace. In 1988, [physics] researchers sat down with Stevens and assured him that an ionospheric heater would be a bona fide scientific marvel and a guaranteed job creator, and it could be built for a mere $30 million. Just like that, the Pentagon had $10 million for ionospheric heater research. In a series of meetings in the winter of 1989-90, the field's leading lights ... pitched the Navy and the Air Force. Haarp, they asserted, could lead to "significant operational capabilities." They'd build a giant phased antenna array that would aim a finely tuned beam of high-frequency radio waves into the sky. The beam would excite electrons in the ionosphere, altering that spot's conductivity and inducing it to emit its own extremely low frequency waves, which could theoretically penetrate the earth's surface to reveal hidden bunkers or be used to contact deeply submerged submarines. Of course, the scientists said, you'd need a brand-new, state-of-the-art ionospheric heater to see if any of this was even feasible. The Pentagon ... began using Stevens' earmarked cash to fund the appropriate studies. For more than a year, planning proceeded largely out of public view. Then, in 1993, an Anchorage teachers' union rep named Nick Begich—son of one of Alaska's most important political families—found a notice about Haarp in the Australian conspiracy magazine Nexus. In 1995, he self-published a book, Angels Don't Play This HAARP. It sold 100,000 copies. He started giving speeches on Haarp's dangers everywhere, from UFO conventions to the European Parliament.
Note: For more excellent information on HAARP, click here. There is much more than meets the eye here.
The last time the government embarked on a major vaccine campaign against a new swine flu, thousands filed claims contending they suffered side effects from the shots. This time, the government has already taken steps to head that off. Vaccine makers and federal officials will be immune from lawsuits that result from any new swine flu vaccine, under a document signed by Secretary of Health and Human Services Kathleen Sebelius, government health officials said Friday. Since the 1980s, the government has protected vaccine makers against lawsuits over the use of childhood vaccines. The document signed by Sebelius last month grants immunity to those making a swine flu vaccine, under the provisions of a 2006 law for public health emergencies. It allows for a compensation fund, if needed. The government takes such steps to encourage drug companies to make vaccines, and it's worked. Federal officials have contracted with five manufacturers to make a swine flu vaccine. The last time the government faced a new swine flu virus was in 1976. Federal officials vaccinated 40 million Americans during a national campaign. A pandemic never materialized, but thousands who got the shots filed injury claims, saying they suffered a paralyzing condition called Guillain-Barre Syndrome or other side effects.
Note: Note for a powerfully revealing CBS report on blatant fear mongering and profiteering from the 1976 swine flue scare, click here. For many revealing reports on corruption in the medical/governmental complex, click here.
However careful you are about your health, your body is almost certainly home to troubling chemicals called phthalates. These are ubiquitous in modern life, found in plastic bottles, cosmetics, some toys, hair conditioners, and fragrances — and many scientists have linked them to everything from sexual deformities in babies to obesity and diabetes. The problem is that phthalates suppress male hormones and sometimes mimic female hormones. Chemicals called endocrine disruptors are believed to explain the proliferation of “intersex fish” — male fish that produce eggs — as well as sexual deformities in animals and humans. Phthalates ... are among the most common endocrine disruptors, and among the most difficult to avoid. They’re even in tap water, and levels soar in certain plastic water bottles. In girls, some research suggests that phthalates may cause early onset puberty. Most vulnerable of all, it seems, are male fetuses in the first trimester of pregnancy, just as they are differentiating their sex. At that stage, scholars believe, phthalates may “feminize” these boys. “Commonly used phthalates may undervirilize humans,” concluded a study by the University of Rochester. There has also been a flurry of scientific articles questioning whether endocrine disruptors are tied to obesity, autism and allergies, although the evidence there is less firm than with genital abnormalities and depressed sperm count. Dr. Theo Colborn, the founder of the Endocrine Disruption Exchange, ... tells researchers working with her to toss out plastic water bottles and use stainless steel instead. “I don’t have plastic food containers in my house,” she added. “I use glass.”
Note: For many more important health reports from reliable sources, click here.
Berkeley's Mike Hannigan gives most of his money away. It started in 1991. He had about $20,000 in his bank account and thought about all the good it could do in the world. With partner Sean Marx, he started Give Something Back Inc., an office supply firm that now gives away up to 80 percent of its profit. The company has given away about $4 million to community charities over the last 18 years. That puts Hannigan in a small circle of individuals who are recognized for giving away at least half their income, profit or personal wealth. This so-called "50 percent league" is the brainchild of a national nonprofit organization called Bolder Giving, which has highlighted these givers since its inception in 2007 in the hope that others will take a closer look at how much they give and how much more they could afford to contribute. Every year, the average U.S. household donates about 3 percent of its income. Yet deep in the heart of this recession there is a growing group giving away at least half of what they've got. Currently, 125 individuals or families are on the 50 percent club list and Bolder Giving, based in Arlington, Mass., is looking for more members. At Hannigan's Oakland-based company, the vast majority of the profits go to charities selected by customers and employees. Food banks and education-related organizations are among the most frequent recipients, Hannigan said. It's a way "to use the business as a mechanism to circulate wealth throughout the community," he said. The 59-year-old businessman doesn't consider himself a philanthropist, but an activist who lives a comfortable life.
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.