News StoriesExcerpts of Key News Stories in Major Media
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.
The U.S. government has been increasing its use of the state secrets privilege to avoid disclosure of classified information in civil lawsuits. Some legal scholars and members of Congress contend that the Bush administration has employed it excessively as it intervened in cases that could expose information about sensitive programs. These include the rendition of detainees to foreign countries for interrogation and cases related to the National Security Agency's use of warrantless wiretaps. The privilege allows the government to argue that lawsuits -- and the information potentially revealed by them -- could damage national security. It gives judges the power to prevent information from reaching public view or to dismiss cases even if they appear to have merit. Sen. Edward M. Kennedy (D-Mass.) ... cited statistics that show the Bush administration has used the state secrets privilege substantially more, on a percentage basis, than previous administrations to block or dismiss lawsuits. Kevin Bankston, a lawyer with the Electronic Frontier Foundation ... said "The administration is attempting to use the privilege as a back-door immunity to obtain dismissal of any case that attempts to put the NSA wiretapping issue in front of a judge. It is no secret such a program existed."
Note: For many disturbing reports on government secrecy from reliable sources, click here.
President Bush signed a directive this month that expands the intelligence community's role in monitoring Internet traffic to protect against a rising number of attacks on federal agencies' computer systems. The directive, whose content is classified, authorizes the intelligence agencies, in particular the National Security Agency, to monitor the computer networks of all federal agencies -- including ones they have not previously monitored. The NSA has particular expertise in monitoring a vast, complex array of communications systems -- traditionally overseas. The prospect of aiming that power at domestic networks is raising concerns, just as the NSA's role in the government's warrantless domestic-surveillance program has been controversial. "Agencies designed to gather intelligence on foreign entities should not be in charge of monitoring our computer systems here at home," said Rep. Bennie Thompson (D-Miss.), chairman of the House Homeland Security Committee. The classified joint directive, signed Jan. 8 and called the National Security Presidential Directive 54/Homeland Security Presidential Directive 23, has not been previously disclosed. Allowing a spy agency to monitor domestic networks is worrisome, said James X. Dempsey, policy director of the Center for Democracy and Technology. "We're concerned that the NSA is claiming such a large role over the security of unclassified systems," he said. "They are a spy agency as well as a communications security agency. They operate in total secrecy. That's not necessary and not the most effective way to protect unclassified systems."
Note: For revealing reports from major media sources on the increasing surveillance of all aspects of society by secret government programs, click here.
For three years, the Bush administration has drawn fire from civil liberties groups over its use of national security letters, a kind of administrative subpoena that compels private businesses such as telecommunications companies to turn over information to the government. After the 2001 USA Patriot Act loosened the guidelines, the FBI issued tens of thousands of such requests, something critics say amounts to warrantless spying on Americans who have not been charged with crimes. Now, newly released documents shed light on the use of the letters by the CIA. The spy agency has employed them to obtain financial information about U.S. residents and does so under extraordinary secrecy, according to the American Civil Liberties Union, which obtained copies of CIA letters under the Freedom of Information Act. The CIA's requests for financial records come with "gag orders" on the recipients, said ACLU lawyer Melissa Goodman. In many cases, she said, the recipient is not allowed to keep a copy of the letter or even take notes about the information turned over to the CIA. The ACLU posted copies of some of the letters on its Web site. In most cases, nearly all the text had been redacted by CIA censors.
Note: For many powerful reports on the growing threats to civil liberties, click here.
An Oneonta surgeon who survived a lightning strike in 1994 and suddenly began craving piano music will make his public debut as a composer and pianist next week. Dr. Anthony Cicoria said the lightning bolt that came out of a pay phone during a family outing near Albany caused a near-death experience that changed his life forever. Nearly 14 years later, Cicoria will perform concerts at ... the State University College at Oneonta. After seeing his body lying on the ground and his family rushing to him, Cicoria was surrounded by a bluish-white light, the 55-year-old orthopedic surgeon said. He began drifting up and away from his body and entered a state of bliss. Cicoria said he eventually came to and had no lasting physical effects from the strike. But he soon began having an intense desire to hear piano music. A short time after that, he said, he had a dream. "In this dream, I was playing in a concert hall," Cicoria said. The music in that dream stayed with him after he woke up. It and other music would be revealed to him in whole sections that would come into his mind at once, he said. While playing other composers' music, the notes from his dream would come out. "This music would suddenly come to the foreground and butt in," Cicoria said. When asked where the music comes from, Cicoria said it came from a divine place. "As Mozart said, it comes from heaven," Cicoria said. One of the greatest realizations he said he had from the near-death experience is the knowledge that there is life after death. "Whatever we are, our consciousness goes with the spirit," Cicoria said.
Note: Anthony Cicoria's story has appeared in The New Yorker magazine and in a new book by Oliver Sacks, Musicophilia. The first chapter, which tells Cicoria's story, is available here.
A two-day event in San Francisco's Cowell Theater [was] billed as the first scientific conference on the afterlife for a general audience. [Loyd] Auerbach holds a master's degree in parapsychology, [and] has written seven books on the subject. He - and several other speakers at the conference, titled Investigations of Consciousness and the Unseen World: Proof of an Afterlife - exist in a strange professional realm that encompasses rigorous academic training, spiritualism and sometimes fraud. There was Dean Radin, who began his career in electrical engineering and cybernetics at the University of Illinois before moving on to psychic phenomena. Also [there] were Gary E. Schwartz ... who now teaches psychiatry, psychology, medicine, neurology and surgery at the University of Arizona, and University of Virginia Division of Perceptual Studies researchers Dr. Jim Tucker and Dr. Bruce Greyson. These academics take their paranormal work seriously; they also risk ridicule on campus and struggle to find sources of funding to investigate what happens after we die. One of the issues they face is whether an afterlife is provable by scientific method. Julie Beischel, who co-founded Arizona's Windbridge Institute for Applied Research in Human Potential, [thinks] it is. "This is how science works," Beischel said. "There's a question and science investigates it. You can't draw a line and say, no, that's outside of science. Science doesn't have any boundaries in what it can investigate." The conference topics ... were designed to explore the disconnect between the "mind" and the "brain." If one could be shown to operate without the other ... then a case could be made for consciousness existing outside of the physical body.
Safeway grocery trucks no longer just deliver vegetables. In a sense, they now run on vegetables, too. Safeway, the nation's third-largest grocery chain, said Friday that its entire nationwide trucking fleet now uses biodiesel, a renewable fuel that can be made from plant oils, used cooking grease or animal fat. In Safeway's case, the biodiesel comes from soy oil or canola oil. It is blended with regular petroleum diesel before being pumped into the company's more than 1,000 trucks. The move is part of Safeway's broader effort to green its operations. The Pleasanton company buys much of its electricity from wind farms, has switched to energy-efficient refrigeration and lighting, and is installing solar panels on 24 of its California stores. Biodiesel generally produces less air pollution than diesel made from petroleum. And it helps rein in greenhouse gas emissions because the plants used to make it absorb carbon dioxide from the atmosphere. Safeway won't reveal how much fuel it's buying or the price it's paying. Biodiesel typically costs more than regular diesel. The price increased last year as some farmers switched from growing soybeans to growing corn, hoping to tap into the growing market for another alternative fuel - corn-based ethanol. Safeway estimates that using the biodiesel blend will cut the company's carbon dioxide emissions by 75 million pounds each year, the equivalent of taking 7,500 cars off the road.
Note: For a treasure trove of exciting reports of new energy technology breakthroughs, click here.
Microsoft is developing Big Brother-style software capable of remotely monitoring a worker’s productivity, physical wellbeing and competence. The Times has seen a patent application filed by the company for a computer system that links workers to their computers via wireless sensors that measure their metabolism. The system would allow managers to monitor employees’ performance by measuring their heart rate, body temperature, movement, facial expression and blood pressure. Unions said they fear that employees could be dismissed on the basis of a computer’s assessment of their physiological state. This is believed to be the first time a company has proposed developing such software for mainstream workplaces. Microsoft submitted a patent application in the US for a “unique monitoring system” that could link workers to their computers. Wireless sensors could read “heart rate, galvanic skin response, EMG, brain signals, respiration rate, body temperature, movement facial movements, facial expressions and blood pressure”, the application states. The system could also “automatically detect frustration or stress in the user”. Physical changes to an employee would be matched to an individual psychological profile based on a worker’s weight, age and health. If the system picked up an increase in heart rate or facial expressions suggestive of stress or frustration, it would tell management. Civil liberties groups and privacy lawyers strongly criticised the potential of the system for “taking the idea of monitoring people at work to a new level”.
Note: For revealing reports from major media sources on the increasing surveillance of all aspects of society by secret government and corporate programs, click here.
"Some recent studies suggest that over-consumption of fluoride can raise the risks of disorders affecting teeth, bones, the brain and the thyroid gland," reports Scientific American [magazine]. "Scientific attitudes toward fluoridation may be starting to shift," writes author Dan Fagin. "Fluoride, the most consumed drug in the USA, is deliberately added to [two-thirds] of public water supplies theoretically to reduce tooth decay, but with no scientifically-valid evidence proving safety or effectiveness," says lawyer Paul Beeber [of the] New York State Coalition Opposed to Fluoridation. Fagin, Director of New York University's Science, Health and Environmental Reporting Program, writes, "There is no universally accepted optimal level for daily intake of fluoride." After [three] years of scrutinizing hundreds of studies, a National Research Council committee "concluded that fluoride can subtly alter endocrine function, especially in the thyroid -- the gland that produces hormones regulating growth and metabolism," reports Fagin. Fluoride in foods, beverages, medicines and dental products can result in fluoride over-consumption, visible in young children as dental fluorosis -- white spotted, yellow, brown and/or pitted teeth. Reports Fagin, "a series of epidemiological studies in China have associated high fluoride exposures with lower IQ. Epidemiological studies and tests on lab animals suggest that high fluoride exposure increases the risk of bone fracture, especially in vulnerable populations such as the elderly and diabetics."
Note: If above MSNBC link fails, click here. For many highly informative reports on health issues, click here.
The fortress-like compound rising beside the Tigris River here will be the largest of its kind in the world, the size of Vatican City, with the population of a small town, its own defense force, [and] self-contained power and water. The new U.S. Embassy also seems as cloaked in secrecy as the ministate in Rome. “We can’t talk about it. Security reasons,” Roberta Rossi, a spokeswoman at the current embassy, said. The embassy complex — 21 buildings on 104 acres — is taking shape on riverside parkland in the fortified “Green Zone,” just east of al-Samoud, a former palace of Saddam Hussein’s. The 5,500 Americans and Iraqis working at the embassy, almost half listed as security, are far more numerous than at any other U.S. mission worldwide. They rarely venture out into the “Red Zone,” that is, violence-torn Iraq. Large numbers of non-diplomats work at the mission — hundreds of military personnel and dozens of FBI agents, for example. U.S. embassies elsewhere ... typically cover 10 acres. Original cost estimates ranged over $1 billion, but Congress appropriated only $592 million in the emergency Iraq budget adopted last year. Most has gone to a Kuwait builder, First Kuwaiti Trading & Contracting, with the rest awarded to six contractors working on the project’s “classified” portion — the actual embassy offices. Higgins declined to identify those builders, citing security reasons, but said five were American companies. The designs aren’t publicly available. Security, overseen by U.S. Marines, will be extraordinary: setbacks and perimeter no-go areas that will be especially deep, structures reinforced to 2.5-times the standard, and five high-security entrances, plus an emergency entrance-exit.
Note: For more perplexing facts on this secretive fortress in a Times of London article, click here.
The FBI has been accused of covering up a key case file detailing evidence against corrupt government officials and their dealings with a network stealing nuclear secrets. The assertion follows allegations made in The Sunday Times two weeks ago by Sibel Edmonds, an FBI whistleblower, who worked on the agency’s investigation of the network. She says the FBI was investigating a Turkish- and Israeli-run network that paid high-ranking American officials to steal nuclear weapons secrets. These were then sold on the international black market to countries such as Pakistan and Saudi Arabia. One of the documents relating to the case was marked 203A-WF-210023. Last week, however, the FBI responded to a freedom of information request for a file of exactly the same number by claiming that it did not exist. But The Sunday Times has obtained a document signed by an FBI official showing the existence of the file. The freedom of information request ... was made ... by an American human rights group called the Liberty Coalition, acting on a tip-off it received from an anonymous correspondent. Edmonds [said] that members of the Turkish political and diplomatic community in the US had been actively acquiring nuclear secrets. They often acted as a conduit, she said, for Inter-Services Intelligence (ISI), Pakistan’s spy agency, because they attracted less suspicion. She claimed corrupt government officials helped the network, and venues such as the American-Turkish Council in Washington were used as drop-off points. Edmonds is the subject of a number of state-secret gags preventing her from talking further about the investigation she witnessed. “[These gags were] invoked not to protect sensitive diplomatic relations but criminal activities involving US officials who were endangering US national security,” she said.
Note: For an important commentary by Pentagon Papers whistleblower Daniel Ellsberg on this Sunday Times story, click here. For other excellent media articles on the courageous Ms. Edmonds, click here.
President Bush and his top aides publicly made 935 false statements about the security risk posed by Iraq in the two years following September 11, 2001, according to a study released ... by two nonprofit journalism groups. "In short, the Bush administration led the nation to war on the basis of erroneous information that it methodically propagated and that culminated in military action against Iraq on March 19, 2003," reads an overview of the examination, conducted by the Center for Public Integrity and its affiliated group, the Fund for Independence in Journalism. According to the study, Bush and seven top officials -- including Vice President Dick Cheney, former Secretary of State Colin Powell and then-National Security Adviser Condoleezza Rice -- made 935 false statements about Iraq during those two years. The study says Bush made 232 false statements about Iraq and former leader Saddam Hussein's possessing weapons of mass destruction, and 28 false statements about Iraq's links to al Qaeda. The study, released Tuesday, says Powell had the second-highest number of false statements, with 244 about weapons and 10 about Iraq and al Qaeda. Former Secretary of Defense Donald Rumsfeld and Press Secretary Ari Fleischer each made 109 false statements. "It is now beyond dispute that Iraq did not possess any weapons of mass destruction or have meaningful ties to al Qaeda," the report reads. The overview of the study also calls the media to task, saying most media outlets didn't do enough to investigate the claims. "Some journalists -- indeed, even some entire news organizations -- have since acknowledged that their coverage during those prewar months was far too deferential and uncritical," the report reads.
Note: These lies led to the deaths of thousands of American soldiers and hundreds of thousands of Iraqi civilians. Why is no action being taken on this matter? For other powerful revelations of war corruption and profiteering, click here.
For a few days an obscene proportion of the world's wealth and clout will be concentrated in one normally obscure Alpine town, [Davos, Switzerland]. Some 27 heads of state or government; 113 cabinet ministers; hundreds of chief executives, bankers, sovereign wealth fund managers, economists and the media: about 2,500 participants in all. So who's coming and what will they be chattering about? The official co-chairs of the Forum are mostly well-known names: Tony Blair, of JP Morgan; James Dimon, chairman and CEO of JP Morgan; KV Kamath, MD and CEO of India's ICICI Bank; Henry Kissinger, chairman of Kissinger Associates; Indra K Noovi, chairman and CEO of PepsiCo; David J O'Reilly, chairman and CEO of Chevron Corporation; and Wang Jianzhou, CEO of China Mobile Communications Corporation. The prominent role allotted to Mr Wang, while not entirely novel, is nonetheless significant. In 2008, for the first time, China will contribute more to the growth of the world economy than the United States. Double-digit growth in China should still just be possible this year, and it alone seems to stand between the world and a full-blown recession. Sovereign wealth funds (SWFs) from China and elsewhere have already been busy re-capitalising the West's stricken banks. The recycling of trillions of dollars of trade surpluses and petro dollars means that such deals will become more prevalent.
Note: Yet these meetings are kept largely secret. Why isn't the media giving lots more coverage to this gathering of some of the most powerful people on the planet? For other reliable, verifiable reports on secret meetings of the power elite of the world, click here.
The Nevada Supreme Court's ruling allowing a cable network to exclude Rep. Dennis Kucinich from a Democratic presidential debate was barely a blip on the media radar screen. But in the long term, the court decision might prove to be [very] significant. It constituted the strongest judicial statement yet of news organizations' near-absolute power to control participation in pre-election forums. Kucinich, the Ohio congressman who polls in the low single digits but has a fervent following among his party's anti-war base, [charged] that the cable channel had promised to let him in when he met its standards, then abruptly changed those standards to keep him out. MSNBC said initially that the debate was open to Democrats who placed in the top four in a national poll. It invited Kucinich on Jan. 9 after a Gallup Poll a few days earlier ranked him fourth. But two days later, after New Mexico Gov. Bill Richardson dropped out of the race, the channel narrowed its criteria to the top three candidates and withdrew Kucinich's invitation. The day before the debate, a Nevada judge ordered MSNBC to let Kucinich participate, saying the cable operator had entered into a binding contract that it couldn't rescind once the candidate accepted. The state's high court quickly granted review and, an hour before the debate, ruled 7-0 in the cable channel's favor. The bottom line: Debates, the public's sole opportunity to see competing candidates in a neutral setting, are the prerogative of the sponsoring organizations - typically, these days, the news media - which set the criteria and have free rein to alter them.
Note: For a summary of reliable reports on major problems with the electoral process, click here.
Scientists at a California company reported yesterday that they had created the first mature cloned human embryos from single skin cells taken from adults, a significant advance toward the goal of growing personalized stem cells for patients suffering from various diseases. Creation of the embryos -- grown from cells taken from the company's chief executive and one of its investors -- also offered sobering evidence that few, if any, technical barriers may remain to the creation of cloned babies. The study leader, who is also the medical director of a fertility clinic ... emphasized that he has no interest in cloning people. "It's unethical and it's illegal, and we hope no one else does it either," said Samuel H. Wood, chief executive of Stemagen in La Jolla, whose skin cells were cloned and who led the study. The closely held company hopes to make embryos that are clones, or genetic twins, of patients, then harvest stem cells from those embryos and grow them into replacement tissues. Opponents of research on human embryos lashed out at the approach. "This study seems to confirm that human cloning ... is technically possible," said Richard Doerflinger of the U.S. Conference of Catholic Bishops. "It does not answer the ethical or social questions about the mass-production of developing human lives in order to destroy them. It only tells us that these questions are more urgent than ever." Other critics noted that scientists in Japan and Wisconsin recently discovered a way to "reprogram" stem cells directly from skin cells, without having to make embryos as a middle step. "In light of the recent cell reprogramming developments, cloning-based stem cell research is less justified than ever," said Marcy Darnovsky of the Center for Genetics and Society.
For the last four years, two robot rovers operated from the Jet Propulsion Laboratory in La Canada Flintridge have been moving across the surface of Mars, taking photographs and collecting information. It's an epic event in the history of exploration, one of many for which JPL's 7,000 civilian scientists and engineers are responsible -- when they're not fending off the U.S. government's attempts to conduct an intimidating and probably illegal inquisition into the intimate details of their lives. The problem began -- as so many have -- in the security mania that gripped the Bush administration after 9/11. Presidential Directive No. 12, issued by the Department of Homeland Security, directed federal agencies to adopt a uniform badge that could be used by employees and contractors to gain access to government facilities. NASA Administrator Michael Griffin ... directed Caltech, which has a contract to run JPL for NASA, to make sure all of the lab's employees complied. The government demanded that the scientists, in order to get the badges, fill out questionnaires on their personal lives and waive the privacy of their financial, medical and psychiatric records. The government also wanted permission to gather information about them by interviewing third parties. Twenty-eight of JPL's senior scientists sued in federal court to stop the government and Caltech from forcing them to agree to the background checks as the price of keeping their jobs. They point out that Griffin is one of those who remain skeptical that human actions contribute to global warming, and that some of JPL's near-Earth science has played a critical role in establishing the empirical case to the contrary. They see the background checks as the first step toward establishing a system of intimidation that might be used to silence inconvenient science.
Note: For many disturbing reports on threats to our civil liberties, click here.
Well, new questions tonight about the electronic voting machines that will be used in the upcoming South Carolina primary. Those voting machines do not have a paper trail, and as Kitty Pilgrim now reports, that could leave this election vulnerable to fraud and a possibility of recounting. (BEGIN VIDEOTAPE) KITTY PILGRIM, CNN CORRESPONDENT: Election activists warn the 11,400 ES&S voting machines used in the [South Carolina] primaries could malfunction. And without a paper trail, will not be able to be accurately recounted. This as New Hampshire begins recounting its results today. New Hampshire's recount [is] made possible by their paper trail. South Carolina's state attorney general defends its paperless system saying in the event of a botched election, "Our grand jury would investigate and we would prosecute any election fraud that goes on." But fraud isn't the only concern. HOLLY JACOBSON, VOTERACTION.ORG: It's not just that these systems can be tampered with, but also that the systems have been seemingly designed poorly, and they fail on Election Day. Fraud or intent for fraud aside, these systems just don't seem to work well. And that, we know. PILGRIM: In Sarasota County, Florida, in 2006, the congressional race tallied an alarmingly high number of missing votes, 18,000. In 2007, security concerns led Ohio to decommission a similar model to those that will be used in South Carolina. The South Carolina League of Women's Voters released a report this week, "This system has not been designed with security as a basic requirement and it should not be used for voting in South Carolina."(END VIDEOTAPE)
Note: For a summary of reliable reports on major problems with the new electronic voting machines, click here.
[Robyn O’Brien's] story is one of several in a new book, Healthy Child, Healthy World. About two years ago, she fed her youngest child scrambled eggs. The baby’s face quickly swelled into a grotesque mask. Little Tory had a severe food allergy, and Ms. O’Brien’s journey had begun. Her theory — that the food supply is being manipulated with additives, genetic modification, hormones and herbicides, causing increases in allergies, autism and other disorders in children — is not supported by leading researchers or the largest allergy advocacy groups. [But] record numbers of parents are heading to doctors concerned that their children are allergic to a long list of foods. States are passing laws requiring schools to have policies protecting children with food allergies. No one knows why the number of allergies seems to be on the rise. Ms. O’Brien and leading allergy researchers agree that few reliable studies on food allergies exist. The best estimates suggest that 4 to 8 percent of young children suffer from them. Many health professionals, though, agree that something is changing. The hygiene hypothesis intrigues many researchers. It holds that children are being exposed to fewer micro-organisms and, as a result, have weaker immune systems. “But this alone cannot account for the massive relative increase in food allergy compared with other allergic disease such as asthma,” said Dr. Marc E. Rothenberg, the director of allergy and immunology at Cincinnati Children’s Hospital Medical Center. [Ms. O'Brien] chides top allergy doctors who are connected to Monsanto, the producer of herbicides and genetically modified seeds. She asserts that the Food Allergy and Anaphylaxis Network, the nation’s leading food allergy advocacy group, is tainted by the money it receives from food manufacturers and peanut growers.
Note: Visit Robyn O'Brien's website, AllergyKids.com. For many other powerful reports on health issues, click here.
Wall Street's five biggest firms are paying a record $39 billion in bonuses for 2007. It was a year when three of the firms suffered their worst quarterly losses in history and shareholders lost over $80 billion. Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns together awarded $65.6 billion in compensation and benefits last year to their 186,000 employees. That means year-end bonuses, at 60% of the total, exceeded the $36 billion distributed in 2006 when the industry reported all-time high profits. The firms have said they are eliminating at least 6,200 jobs amid mounting losses from the subprime mortgage mess. The payouts come as the economy slows, with unemployment rising, retail sales declining and new home foreclosures surging to a record. The industry's bonuses are larger than the gross domestic products of Sri Lanka, Lebanon or Bulgaria, and the average bonus of $219,198 is more than four times higher than the median U.S. household income in 2006, according to Census Bureau data. Shareholders in the securities industry endured their worst year since 2002, as Merrill and Bear Stearns slumped more than 40% and the CEOs at both firms gave up their jobs. Morgan Stanley fell 21% and Lehman dropped 16%. Only Goldman rose, gaining 7.9%.
Note: For lots more on escalating income inequality, click here.
The credit crisis may be fouling up billion-dollar takeover deals, but if you're a poor African seamstress who needs a loan for a new sewing machine, you could not ask for a better borrowing market to expand your business. Anyone with $25 to spare and an Internet connection can now become an international microfinancier through Kiva, an organization that matches individual lenders with impoverished entrepreneurs in the developing world. Steve Thomas, 50, a property tax consultant in Chicago, got started by lending $50 to a man in Togo who makes a living refurbishing used sneakers for resale. The loan was repaid in full and Thomas has gone on to fund 83 other ventures ranging from a cyber cafe in Ecuador to a mushroom-growing enterprise in Moldova. Microlending has been in use for decades. Muhammad Yunus shared the 2006 Nobel Peace Prize with Grameen Bank, the lender he founded in the early 1980s to help empower Bangladesh's rural poor. Several other institutions have developed since then, but Kiva is the first to open direct microlending opportunities to the general public with an online platform. Kiva hit the publicity jackpot in September when Oprah Winfrey featured the organization on her daytime television program, attracting a tidal wave of interest from Middle America. Demand was so high the day the episode aired, every loan on the site was fulfilled. Since then, Kiva has limited lenders to a $25-portion of each loan, the average of which is about $600. Even with the $25 cap, Kiva's lenders manage to fully fund each loan in 0.97 days, on average. The recent holiday season brought a fresh crop of lenders -- Kiva sold $2.2 million in gift certificates, which the givers were able to print out from their own computers.
Note: For a treasure trove of stories about the amazing successes of microlending in raising some of the poorest out of destitution, click here.
Bristol-Myers Squibb Co. and a former subsidiary have agreed to pay more than $515 million to settle federal and state investigations into their drug marketing and pricing practices. The civil settlement ... resolves a broad array of allegations against Bristol-Myers Squibb, dating from 1994 through 2005. Among them was a charge that the ... company illegally promoted the sale of Abilify, an anti-psychotic drug, for pediatric use and to treat dementia-related psychoses. Neither use is approved by the U.S. [FDA]. Although physicians are permitted to prescribe drugs for off-label uses, drug companies are prohibited from marketing them for uses that have not been approved by the FDA. U.S. Attorney Michael Sullivan said when pharmaceutical companies market drugs for unapproved uses, there is a potential risk that patients could be harmed, because the drugs have not been tested as rigorously as they are during the FDA approval process. The government also alleged the company paid illegal inducements in the form of consulting fees and trips to luxury resorts to influence doctors and other health care providers to buy and prescribe the company's drugs. The company's former generic drug subsidiary, Apothecon Inc., also was accused of giving illegal enticements to induce retail pharmacy and wholesale customers to buy its products. Bristol-Myers Squibb misreported its best price for the anti-depression drug Serzone, violating a law that requires drug companies to report their lowest price to Medicaid, prosecutors said. The company was selling Serzone to a larger commercial purchaser at a lower price, prosecutors said. Bristol-Myers Squibb and Apothecon also inflated prices for an assortment of oncology and generic drugs knowing that federal health care programs established reimbursement rates based on those prices, Sullivan said.
Note: For lots more on corporate corruption, click here.
Important Note: 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.