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Revealing News For a Better World

News Stories
Excerpts of Key News Stories in Major Media


Below are highly revealing excerpts of key news stories from the major media that suggest major cover-ups and corruption. Links are provided to the full stories on their media websites. If any link fails to function, read this webpage. These news stories are listed by date posted. You can explore the same list by order of importance or by date of news story. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Illinois governor seems to be growing stronger
2008-12-21, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2008-12-26 09:34:40
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/21/BAG314QRPO.DTL

I got a call from Illinois Gov. Rod Blagojevich the other day. The first thing I said to him was, "You know, this call is probably being taped." Blagojevich said he had read my column in The Chronicle last week, in which I raised questions about the "pay to play" charges being leveled against him in connection with his pending appointment of someone to fill Barack Obama's now-empty U.S. Senate seat. I think he liked how I raised questions about the timing and manner of U.S. Attorney Patrick Fitzgerald's decision to charge him over what appears to be little more than loose conversations he had with his staff. I wouldn't bet on him stepping aside anytime soon. If anything, his hand is getting stronger by the day. I can't go into details, but my impression is that the whole mess started because the governor had been considering appointing a political rival, Illinois Attorney General Lisa Madigan, to the Senate so she wouldn't be able to run against him when he went up for re-election in 2010. Apparently, Obama's people weren't happy about the idea of Madigan coming to Washington, and there were some pretty heated conversations between Blagojevich and Obama chief of staff Rahm Emanuel, which I understand will burn your ears off. It was pretty clear that Blagojevich is going to hang tough, especially after the Illinois Supreme Court shot down Madigan's request that he be forced from office because he supposedly can't carry out his duties. It is also pretty clear that despite all the screaming over his appearing to be "selling" the seat in return for political favors or financial considerations, his fellow Democrats are not going to strip him of his power to appoint someone to replace Obama.

Note: The author of this article is insider Willie Brown, former mayor of San Francisco and power-broking speaker of California's assembly for 15 years. For an alleged transcript of the actual conversation between Blagojevich and Rahm Emanuel, click here. If this is true, watch for some big shifts.


The Madoff Economy
2008-12-19, New York Times
Posted: 2008-12-26 09:32:32
http://www.nytimes.com/2008/12/19/opinion/19krugman.html?partner=rss&emc=rss&...

The revelation that Bernard Madoff — brilliant investor (or so almost everyone thought), philanthropist, pillar of the community — was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend. Yet ... how different, really, is Mr. Madoff’s tale from the story of the investment industry as a whole? The financial services industry has claimed an ever-growing share of the nation’s income over the past generation, making the people who run the industry incredibly rich. Yet, at this point, it looks as if much of the industry has been destroying value, not creating it. And it’s not just a matter of money: the vast riches achieved by those who managed other people’s money have had a corrupting effect on our society as a whole. Last year, the average salary of employees in “securities, commodity contracts, and investments” was more than four times the average salary in the rest of the economy. Earning a million dollars was nothing special, and even incomes of $20 million or more were fairly common. The incomes of the richest Americans have exploded over the past generation, even as wages of ordinary workers have stagnated. High pay on Wall Street was a major cause of that divergence. Wall Street’s ill-gotten gains corrupted and continue to corrupt politics, in a nicely bipartisan way. From Bush administration officials ... who looked the other way as evidence of financial fraud mounted, to Democrats who still haven’t closed the outrageous tax loophole that benefits executives at hedge funds and private equity firms ... politicians have walked when money talked. The pay system on Wall Street lavishly rewards the appearance of profit, even if that appearance later turns out to have been an illusion.

Note: This entire, penetrating article is well worth a read at the link above. For many revealing reports from reliable sources on the realities of the Wall Street bailout, click here.


George Bush aide dies in plane crash
2008-12-21, The Telegraph (One of the U.K.'s leading newspapers)
Posted: 2008-12-26 09:31:15
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/3885913/George-Bus...

Mystery surrounds the death of a Republican pollster, recently compelled to give evidence about alleged election fraud in the 2004 election in Ohio, after he was killed in a plane crash. Top internet strategist Michael Connell, 45, was the only person in his single-engine private plane that crashed three miles short of the Akron-Canton airport on Friday night as he prepared to land. He had worked on Mr Bush's two presidential campaigns, advised John McCain this year and was also linked to allegedly missing White House emails in the 2006 controversy over a string of firings of US attorneys. The death of the married father of four immediately triggered conspiracy theories amid speculation that he had been about to reveal embarrassing details of the complicity of senior members of the Bush administration in fixing an election and destroying incriminating emails. In a blog posting entitled "One of my sources died in a plane crash last night...", Larisa Alexandrovna of The Raw Story revealed that Mr Connell had been talking to her about the Ohio case alleging that vote-tampering during the 2004 presidential election resulted in civil rights violations. "Mike was getting ready to talk. He was frightened... I am not saying that this was a hit nor am I resigned to this being simply an accident either. I am no expert on aviation and cannot provide an opinion on the matter. What I am saying, however, is that given the context, this event needs to be examined carefully."

Important Note: This death becomes even stranger considering that attorneys had sought protection for Connell against threats from Karl Rove in late July (click here). He also was apparently warned not to fly.


General George S. Patton was assassinated to silence his criticism of allied war leaders claims new book
2008-12-21, The Telegraph (One of the U.K.'s leading newspapers)
Posted: 2008-12-26 09:29:28
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/3869117/General-Ge...

George S. Patton, America's greatest combat general of the Second World War, was assassinated after the conflict with the connivance of US leaders, according to a new book. The newly unearthed diaries of a colourful assassin for the wartime Office of Strategic Services (OSS), the forerunner of the CIA, reveal that American spy chiefs wanted Patton dead because he was threatening to expose allied collusion with the Russians that cost American lives. The death of General Patton in December 1945, is one of the enduring mysteries of the war era. Although he had suffered serious injuries in a car crash in Manheim, he was thought to be recovering and was on the verge of flying home. But after a decade-long investigation, military historian Robert Wilcox claims that OSS head General "Wild Bill" Donovan ordered a highly decorated marksman [named] Douglas Bazata to silence Patton. His book, Target: Patton: The Plot to Assassinate General George S. Patton, contains interviews with Mr Bazata, who died in 1999, and extracts from his diaries, detailing how he staged the car crash by getting a troop truck to plough into Patton's Cadillac and then shot the general with a low-velocity projectile, which broke his neck while his fellow passengers escaped without a scratch. Mr Wilcox told The Sunday Telegraph that when he spoke to Mr Bazata: "He was struggling with himself, all these killings he had done. He confessed to me that he had caused the accident, that he was ordered to do so by Wild Bill Donovan."

Note: For key insights from reliable, verifiable sources into assassination as a political tool, click here.


UAW busting, Southern style
2008-12-18, Los Angeles Times
Posted: 2008-12-26 09:27:22
http://www.latimes.com/news/opinion/commentary/la-oe-raynor18-2008dec18,0,406...

The foreign nonunion auto companies located in the South have a plan to reduce wages and benefits at their factories in the United States. And to do it, they need to destroy the United Auto Workers. Last week, Senate Republicans from some Southern states went to work trying to do just that, on the foreign car companies' behalf. [Republican] representatives from states that subsidize companies such as Honda, Volkswagen, Toyota and Nissan first tried to force the UAW to take reductions in wages and benefits as a condition for supporting the auto industry bailout bill. When the UAW refused, those senators torpedoed the bill. They claimed that they couldn't support the bill without specifics about how wages would be "restructured." They didn't, however, require such specificity when it came to bailing out the financial sector. Their grandstanding, and the government's generally lackluster response to the auto crisis, highlight many of the problems that have caused our current economic mess: the lack of concern about manufacturing, the privileged way our government treats the financial sector, and political support given to companies that attempt to slash worker's wages. When one compares how the auto industry and the financial sector are being treated by Congress, the double standard is staggering. At Goldman Sachs ... employee compensation made up 71% of total operating expenses in 2007. In the auto industry, by contrast, autoworker compensation makes up less than 10% of the cost of manufacturing a car. Hundreds of billions were given to the financial-services industry with barely a question about compensation; the auto bailout, however, was sunk on this issue alone.

Note: For highly revealing reports from reliable sources on the realities of the Wall Street bailout, click here.


Ariz. police say they are prepared as War College warns military must prep for unrest
2008-12-17, Phoenix Business Journal
Posted: 2008-12-26 09:25:35
http://www.bizjournals.com/phoenix/stories/2008/12/15/daily34.html

A new report by the U.S. Army War College talks about the possibility of Pentagon resources and troops being used should the economic crisis lead to civil unrest, such as protests against businesses and government or runs on beleaguered banks. �Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security,� said the War College report. The study says economic collapse ... and loss of legal order are among possible domestic shocks that might require military action within the U.S.. U.S. Sen. James Inhofe, R-Okla., and U.S. Rep. Brad Sherman, D-Calif., both said U.S. Treasury Secretary Henry Paulson brought up a worst-case scenario as he pushed for the Wall Street bailout in September. Paulson ... said that might even require a declaration of martial law, the two noted. State and local police in Arizona say they have broad plans to deal with social unrest, including trouble resulting from economic distress. The security and police agencies declined to give specifics, but said they would employ existing and generalized emergency responses to civil unrest that arises for any reason. �The Phoenix Police Department is not expecting any civil unrest at this time, but we always train to prepare for any civil unrest issue. We have a Tactical Response Unit that trains continually and has deployed on many occasions for any potential civil unrest issue,� said Phoenix Police spokesman Andy Hill.

Note: Use of military forces to maintain domestic order has been forbidden since 1878 by the Posse Comitatus Act. The Pentagon appears to be planning to abrogate this key support of civil liberties.


Cheney was key in clearing CIA interrogation tactics
2008-12-16, Los Angeles Times
Posted: 2008-12-26 09:23:44
http://www.latimes.com/news/nationworld/washingtondc/la-na-cheney16-2008dec16...

Vice President Dick Cheney said Monday that he was directly involved in approving severe interrogation methods used by the CIA, and that the prison at Guantanamo Bay, Cuba, should remain open indefinitely. Cheney's comments ... mark the first time that he has acknowledged playing a central role in clearing the CIA's use of an array of controversial interrogation tactics, including a ... method known as waterboarding. "I was aware of the program, certainly, and involved in helping get the process cleared," Cheney said in an interview with ABC News. Asked whether he still believes it was appropriate to use the waterboarding method on terrorism suspects, Cheney said: "I do." His comments come on the heels of disclosures by a Senate committee showing that high-level officials in the Bush administration were intimately involved in reviewing and approving interrogation methods that have since been explicitly outlawed and that have been condemned internationally as torture. Soon after the Sept. 11 attacks, Cheney said, the CIA "in effect came in and wanted to know what they could and couldn't do. And they talked to me, as well as others, to explain what they wanted to do. And I supported it." Waterboarding involves strapping a prisoner to a tilted surface, covering his face with a towel and dousing it to simulate the sensation of drowning. CIA Director Michael V. Hayden has said that the agency used the technique on three Al Qaeda suspects in 2002 and 2003. Cheney has long defended the technique. But he has not previously disclosed his role in pushing to give the CIA such authority.

Note: For lots more from major media sources on US torture and other war crimes committed in the Iraq and Afghan wars, click here.


U.N. Rights Investigator Expelled by Israel
2008-12-16, New York Times
Posted: 2008-12-26 09:22:06
http://www.nytimes.com/2008/12/16/world/middleeast/16mideast.html?partner=rss...

Israeli authorities on Monday expelled Richard Falk, a United Nations investigator of human rights in the Palestinian territories, saying he was unwelcome because of what the government has regarded as his hostile position toward Israel. Mr. Falk, an American, arrived in Israel on Sunday. He was held [overnight] at the airport and placed on the first available flight back to Geneva, his point of departure. Mr. Falk, a professor of international law at Princeton, has the title of United Nations Human Rights Council special rapporteur for the Palestinian territories. He has long been criticized in Israel for what many Israelis say are unfair and unpalatable views. He has compared Israel’s treatment of the Palestinians to Nazi atrocities and has called for more serious examination of the conspiracy theories surrounding the Sept. 11 attacks. Pointing to discrepancies between the official version of events and other versions, he recently wrote that “only willful ignorance can maintain that the 9/11 narrative should be treated as a closed book.” In his capacity as a United Nations investigator, Mr. Falk issued a statement this month describing Israel’s embargo on Gaza ... as a crime against humanity. Regardless of Mr. Falk’s views, some Israelis questioned the wisdom of banning him, noting that it would hardly make his reports more sympathetic. Jessica Montell, the executive director of B’Tselem, an Israeli group that monitors human rights in the occupied territories, said that ... barring his entry was “an act unbefitting of democracy.”

Note: Israel quite explicitly raised the issue of Falk's call for a genuine investigation of the 9/11 attacks in its explanation of his deportation. Why would the state of Israel oppose such an investigation? For information from major media sources on this and many other questions about what really happened on 9/11, click here.


Why AIG Gets Billions, GM Gets Scorn
2008-12-12, U.S. News & World Report blog
Posted: 2008-12-26 09:19:55
http://www.usnews.com/blogs/flowchart/2008/12/12/why-aig-gets-billions-gm-get...

AIG, the huge insurance company, has so far gotten $173 billion worth of federal aid, because traders at one small division made bets on exotic securities that were so calamitous they threatened to bring down the whole company. So far, the amount of money the feds have pledged to this one firm equals nearly one-third of the nation’s defense budget. General Motors, America’s biggest automaker, has asked for a $10 billion federal loan, equal to one-seventeenth of what AIG has gotten – and Congress has said no. There were no rogue traders at GM, and the company’s problems have intensified in plain view, over several months, instead of coming from out of nowhere in a single, cataclysmic episode. Make sense? Doesn’t to me. So maybe if we look at each company a bit more closely, it will be clearer why the government favors companies like AIG over ones like GM. Does have AIG have friends in high places? You could say that. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke both support the AIG bailout, and they’ve steered money to the company without Congressional approval. GM’s most important friends in Washington have been the Michigan Congressional delegation, which obviously doesn’t have the clout it used to. Paulson has actually argued against using part of the huge $700 billion financial bailout fund to help the automakers, because they can’t pass a “viability” test proving they’ll stay in business long enough to pay back the loans. But AIG hasn’t passed a viability test either, and without federal help there’s little doubt it would be in bankruptcy.

Note: At least someone is asking the right questions! For many highly revealing reports from reliable sources on the realities of the Wall Street bailout, click here.


Survey: Oil May Lose Top Rank as Cheapest Energy
2008-12-10, ABC News/Associated Press
Posted: 2008-12-26 09:18:04
http://abcnews.go.com/Business/wireStory?id=6432204

Over the next 20 years or so, oil and natural gas will lose top ranking as the world's most affordable energy sources, according to a survey of energy executives. Deeper wells in more inhospitable places, both political and geological, have altered presumptions of doing business in the oil patch. Nearly three out of four executives and managers surveyed last month by Deloitte LLP said oil and gas are the cheapest available energy sources for now, though only 23 percent believe that will be the case in 25 years. The sampling revealed a growing concern about the sustainability of oil and natural gas in the coming years. Future sources of fossil fuels, the cost of producing them and the price consumers will pay are some of the biggest uncertainties facing the industry. "Clearly, the oil and gas professionals involved in our survey are starting to think about the nation's transition to renewable energy and other alternative fuels," said Gary Adams, vice chairman of Deloitte's oil and gas practice. Of the executives interviewed by Deloitte, 53 percent said they think the U.S. could run out of reasonably priced oil within the next quarter century, and 56 percent said the world is likely to face the same scenario in the next 50 years. Three out of four said shifting away from the nation's reliance on fossil fuels for transportation needs is an appropriate goal for the country, yet most think the best alternative right now is natural gas. About 30 percent said electric plug-in vehicles are the most promising alternative.

Note: For a treasure trove of exciting reports of new developments in energy production, click here.


Alternative Currencies Grow in Popularity
2008-12-14, Time magazine
Posted: 2008-12-26 09:16:46
http://www.time.com/time/business/article/0,8599,1865467,00.html

Most of us take for granted that those rectangular green slips of paper we keep in our wallets are inviolable: the physical embodiment of value. But alternative forms of money have a long history and appear to be growing in popularity. It's not merely barter or primitive means of exchange like seashells or beads. Beneath the financial radar, in hip U.S. towns or South African townships, in shops, markets and even banks, people throughout the world are exchanging goods and services via thousands of currency types that look nothing like official tender. Alternative means of trade often surface during tough economic times. "When money gets dried up and there are still needs to be met in society, people come up with creative ways to meet those needs," says Peter North, a senior lecturer in geography at the University of Liverpool and the author of [a book] on the subject. He refers to the "scrips" issued in the U.S. and Europe during the Great Depression that kept money flowing and the massive barter exchanges involving millions of people that emerged amid runaway inflation in Argentina in 2000. "People were kept from starving [this way]," he says. Closer to home, "Ithaca Hours," with a livable hourly wage as the standard, were launched during the 1991 recession to sustain the economy in Ithaca, N.Y., and stem the loss of jobs. Hours, which are legal and taxable, circulate within the community, moving from local shop to local artisan and back, rather than leaking out into the larger monetary system. The logo on the Hour reads "In Ithaca We Trust." Alternative (or "complementary") currencies range from quaint to robust, simple to high tech.

Note: Read the entire article at the link above to learn about the great range of uses and benefits provided by alternative currencies.


Executive Pay Limits May Prove Toothless
2008-12-15, Washington Post
Posted: 2008-12-19 07:45:21
http://www.washingtonpost.com/wp-dyn/content/article/2008/12/14/AR20081214026...

Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules. But at the last minute, the Bush administration insisted on a one-sentence change to the provision. The change stipulated that the penalty would apply only to firms that received bailout funds by selling troubled assets to the government in an auction, which was the way the Treasury Department had said it planned to use the money. Now, however, the small change looks more like a giant loophole, according to lawmakers and legal experts. In a reversal, the Bush administration has not used auctions for any of the $335 billion committed so far from the rescue package, nor does it plan to use them in the future. Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives. "The flimsy executive-compensation restrictions in the original bill are now all but gone," said Sen. Charles E. Grassley (Iowa), ranking Republican on of the Senate Finance Committee. Senators on the Finance Committee have expressed concern to Paulson and are now considering whether they should amend the law to apply the enforcement mechanism to all firms participating in the bailout.

Note: For a treasure trove of reliable reports exposing the realities of the Wall Street bailout, click here.


Fed Refuses to Disclose Recipients of $2 Trillion
2008-12-12, Bloomberg News
Posted: 2008-12-19 07:44:03
http://www.bloomberg.com/apps/news?pid=20601109&sid=apx7XNLnZZlc

The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression. The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information. “If they told us what they held, we would know the potential losses that the government may take and that’s what they don’t want us to know,” said Carlos Mendez, a senior managing director at New York-based ICP Capital LLC. The Fed stepped into a rescue role that was the original purpose of the Treasury’s $700 billion Troubled Asset Relief Program. The central bank loans don’t have the oversight safeguards that Congress imposed upon the TARP. Total Fed lending exceeded $2 trillion for the first time Nov. 6. It rose by 138 percent, or $1.23 trillion, in the 12 weeks since Sept. 14, when central bank governors relaxed collateral standards to accept securities that weren’t rated AAA. “There has to be something they can tell the public because we have a right to know what they are doing,” said Lucy Dalglish, executive director of the Arlington, Virginia-based Reporters Committee for Freedom of the Press.


Report on Detainee Abuse Blames Top Bush Officials
2008-12-12, Washington Post
Posted: 2008-12-19 07:42:53
http://www.washingtonpost.com/wp-dyn/content/article/2008/12/11/AR20081211019...

A bipartisan panel of senators has concluded that former defense secretary Donald H. Rumsfeld and other top Bush administration officials bear direct responsibility for the harsh treatment of detainees at Guantanamo Bay, and that their decisions led to more serious abuses in Iraq and elsewhere. In the most comprehensive critique by Congress of the military's interrogation practices, the Senate Armed Services Committee issued a report yesterday that accuses Rumsfeld and his deputies of being the authors and chief promoters of harsh interrogation policies that disgraced the nation and undermined U.S. security. "The abuse of detainees in U.S. custody cannot simply be attributed to the actions of 'a few bad apples' acting on their own," the report states. "The fact is that senior officials in the United States government solicited information on how to use aggressive techniques, redefined the law to create the appearance of their legality, and authorized their use against detainees." Human rights and constitutional law organizations have urged further action, ranging from an independent commission to prosecutions of those involved in authorizing the interrogations. Michael Ratner, president of the Center for Constitutional Rights, which has helped defend detainees at Guantanamo, said the committee report is valuable because "it's official, it's bipartisan. It's open and explicit, going right to Rumsfeld and having Rice involved," Ratner said. "It breaks new ground in saying that the [torture] techniques basically don't work . . . that they're actually designed to elicit false confessions."

Note: To read the full report, click here. For many key reports from major media sources detailing US torture and war crimes in Iraq and Afghanistan, click here.


Wall Street legend Bernard Madoff arrested over '$50 billion Ponzi scheme'
2008-12-12, Times of London
Posted: 2008-12-19 07:40:56
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5331997.ece

Shock and panic spread through the country clubs of Palm Beach and Long Island after Bernard L Madoff, a trading powerbroker for over four decades, allegedly confessed to a massive fraud that will cost his wealthy investors at least $50 billion, perhaps the largest swindle in Wall Street history. Mr Madoff, 70, a former Nasdaq stock chairman, was apparently turned in by his two sons and arrested on Thursday morning at his Manhattan apartment by the FBI. The FBI claims that three senior employees of Mr Madoff's investment firm - once a towering presence on Wall Street - turned up at his apartment on Wednesday to ask questions about the company's solvency. Two of them are believed to be his sons, Andrew and Mark, who have worked for their father for two decades. Mr Madoff told them that he was "finished", that he had "absolutely nothing", and that "it's all just one big lie". He said the investment arm of his firm was "basically a giant Ponzi scheme," and that it had been insolvent for years. A Ponzi scheme, named after the swindler Charles Ponzi, is a fraudulent investment operation that pays abnormally high returns to investors paid from money put into the scheme by subsequent investors, rather from real profits generated by share trading. The FBI complaint states that Mr Madoff told his sons he believed the losses from his scheme could exceed $50 billion. If that is the case, his fraud would be far greater than past Ponzi schemes and easily the greatest swindle perpetrated by one man.

Note: If a former Nasdaq chairman was committing this kind of blatant fraud while still the chairman of Nasdaq, what does it say about the level of corruption on Wall Street? For a treasure trove of reports from reliable sources exposing the realities of the Wall Street corruption, click here.


UCSF says reports on drug trials skew positive
2008-12-15, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2008-12-19 07:39:29
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/14/MNKF14GTLO.DTL

What are the pills in your medicine cabinet, and how do you know they're best for you? When drug companies seek approval to market new medicines, they must show the U.S. Food and Drug Administration the results of all the tests they've run on volunteer patients - at first on only a few, then on dozens, and finally on hundreds or sometimes thousands. After winning approval, the companies typically sponsor reports of those tests in medical journal publications, which many doctors often rely on to determine whether to prescribe new drugs for their patients. Now a skeptical team of medical investigators at UCSF has accused the major drug companies of bias by distorting the results of their trials in those publications, making it hard for doctors to judge for themselves the pros and cons of prescribing the new drugs. As a result, the researchers say, patients may sometimes be taking medicines they don't need - or with unwanted side effects - that their doctors have prescribed on the basis of inadequate information. The UCSF team, led by Lisa A. Bero of the medical center's Institute for Health Policy Studies, probed the details of 164 drug trials involving as many as 1,500 patients over a two-year period and then examined reports on those trials that were published in medical journals, as well as those that remained unpublished. "We found really important information from the official trial reports that were either not published at all or that stressed mostly the positive results of trials in the published versions," said Kristin Rising, a physician at the institute who did the major investigation.

Note: For lots more on corporate corruption from reliable sources, click here.


Jim Rogers calls most big U.S. banks "bankrupt"
2008-12-11, Reuters News
Posted: 2008-12-19 07:38:02
http://www.reuters.com/article/InvestmentOutlook09/idUSTRE4BA5CO20081211

Jim Rogers, one of the world's most prominent international investors, ... called most of the largest U.S. banks "totally bankrupt," and said government efforts to fix the sector are wrongheaded. Co-founder with George Soros of the Quantum Fund, [Rogers] said the government's $700 billion rescue package for the sector doesn't address how banks manage their balance sheets, and instead rewards weaker lenders with new capital. "Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt," said Rogers. "What is outrageous economically and is outrageous morally is that normally in times like this, people who are competent and who saw it coming and who kept their powder dry go and take over the assets from the incompetent," he said. "What's happening this time is that the government is taking the assets from the competent people and giving them to the incompetent people and saying, now you can compete with the competent people. It is horrible economics." While not saying how long the U.S. economic recession will last, he said conditions could ultimately mirror those of Japan in the 1990s. "The way things are going, we're going to have a lost decade too, just like the 1970s," he said. "Governments are making mistakes," he said. "They're saying to all the banks, you don't have to tell us your situation. You can continue to use your balance sheet that is phony.... All these guys are bankrupt, they're still worrying about their bonuses, they're still trying to pay their dividends, and the whole system is weakened."

Note: For a treasure trove of reliable reports exposing the realities of the Wall Street bailout, click here.


CIA Helped Shoot Down 15 Civilian Planes
2008-12-11, CBS News/Associated Press
Posted: 2008-12-19 07:36:39
http://www.cbsnews.com/stories/2008/12/11/world/main4664791.shtml

With the help of CIA spotters, the Peruvian air force shot down 15 small civilian aircraft suspected of carrying drugs, in many cases without warning and within two to three minutes of being sighted, a U.S. lawmaker said Thursday. It was the first public disclosure of the number of planes shot down between 1995 and 2001 as part of the Airbridge Denial Program, a CIA counternarcotics effort that killed an innocent American missionary, Veronica Bowers, and her infant daughter in 2001. Michigan Rep. Pete Hoekstra, senior Republican on the Intelligence Committee of the House of Representatives, told The Associated Press most of the 15 planes shot down with the help of the CIA crashed in the jungle. The wreckage has not been or could not be examined to ascertain whether narcotics were aboard the aircraft. "The Bowers could have gone in the same category if they had crashed in the jungle," Hoekstra said, speaking of the missionary family from Hoekstra's state, Michigan. The Bowers' plane made an emergency river landing after it was hit. Excerpts from a CIA inspector general's report released in November raised questions about whether the missionaries' plane was the only craft mistakenly suspected of drug smuggling. The CIA report said that in most of the shootdowns, pilots fired on aircraft "without being properly identified, without being given the required warnings to land, and without being given time to respond to such warnings as were given to land."

Note: For many key reports from major media sources on government corruption, click here.


Panel Criticizes U.S. Effort on Nanomaterial Risks
2008-12-11, New York Times
Posted: 2008-12-19 07:34:59
http://www.nytimes.com/2008/12/11/science/11nano.html?partner=rss&emc=rss&pag...

In a sweeping critique ... an expert panel of the National Research Council said the federal government was not doing enough to identify potential health and environmental risks from engineered nanomaterials. Nanomaterials are engineered on the scale of a billionth of a meter, perhaps 1/10,000 the width of a human hair. They are turning up in a range of items including consumer products like toothpaste and tennis rackets and industrial products like degreasers or adhesives. But some experts say they may pose health or environmental risks. For example, researchers in Scotland reported this year that carbon nanotubes may pose the same health risks as asbestos. “Industry wants to run with it,” said Andrew D. Maynard, chief science adviser to the Project on Emerging Nanotechnologies at the Woodrow Wilson Institute, who was the chairman of the panel. But he added, “one of the big barriers at the moment is understanding how to use it safely.” The panel analyzed the risk research strategy of the National Nanotechnology Initiative, the program to coordinate federal efforts in nanotechnology research and development. Its report concluded that the initiative’s strategy “does not present a vision, contain a clear set of goals, have a plan of action for how the goals are to be achieved, or describe mechanisms to review and evaluate funded research and assess whether progress has been achieved.” An informal coalition of environmental and business organizations praised the report, saying that for three years they had been urging the federal government to do more to assess potential health and environmental effects of nanomaterials.

Note: For many important articles on health issues from reliable sources, click here.


Canadian leader suspends Parliament to stay in power
2008-12-04, CNN
Posted: 2008-12-19 07:33:27
http://www.cnn.com/2008/WORLD/americas/12/04/canada.crisis/index.html

Canadian Prime Minister Stephen Harper said Thursday that Canada's governor general has allowed him to suspend Parliament, postponing a no-confidence vote from his opponents that he was likely to lose. Harper called on his opponents to work with his government on measures to aid the nation's economy when Parliament returns on January 26. Had Governor General Michaelle Jean -- who represents Britain's Queen Elizabeth II as head of state -- denied Harper's request, Monday's vote would have likely brought down Harper's government, less than two months after his Conservative Party strengthened its minority position in federal elections. The Liberal Party and the leftist New Democratic Party announced plans earlier this week to form a governing coalition with the support of the Bloc Quebecois, which supports independence for French-speaking Quebec. "For the first time in the history of Canada, the prime minister of Canada is running away from the parliament of Canada," said [Liberal Party Leader Stephane] Dion, accusing the premier of placing "partisan politics ahead of the interest of all Canadians." New Democratic Party leader Jack Layton said Harper had used a "maneuver to escape accountability." "He refuses to face the people of Canada through their elected representatives," he said. "The prime minister is choosing to protect his own job rather than focusing on the jobs of Canadians who are being thrown out of work today."

Note: What gives Canada's governor general the right to suspend parliament? The governor general is the representative of the queen of England. Few know that the queen has this power over all commonwealth nations. Canada is not truly independent of England, nor are the other commonwealth nations, including Australia. For more intriguing information on this, click here.


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