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.

A recent study published in Science offers strong new evidence that the human brain continues to generate neurons in the hippocampus, its key memory region, well into later stages of life. Conducted by researchers at Sweden's Karolinska Institutet, the study addresses a long-standing debate about how adaptable the adult brain really is. The hippocampus plays a critical role in memory, learning, and emotional regulation. In 2013, Jonas Frisén and his team at Karolinska Institutet made headlines when they demonstrated that new neurons could form in this region during adulthood. Despite this earlier discovery, questions remained. In particular, scientists lacked direct evidence that the cells responsible for generating new neurons, known as neural progenitor cells, are present and actively dividing in adult human brains. "We have now been able to identify these cells of origin, which confirms that there is an ongoing formation of neurons in the hippocampus of the adult brain," says Jonas Frisén ... who led the research. The newly formed cells were located in a specific area of the hippocampus. This area is important for memory formation, learning, and cognitive flexibility. "This gives us an important piece of the puzzle in understanding how the human brain works," explains Jonas Frisén. "Our research may also have implications for the development of regenerative treatments that stimulate neurogenesis in neurodegenerative and psychiatric disorders."

Note: Explore more positive stories like this on healing our bodies.

Surveillance capitalism came about when some crafty software engineers realized that advertisers were willing to pay bigtime for our personal data. The data trade is how social media platforms like Google, YouTube, and TikTok make their bones. In 2022, the data industry raked in just north of $274 billion worth of revenue. By 2030, it's expected to explode to just under $700 billion. Targeted ads on social media are made possible by analyzing four key metrics: your personal info, like gender and age; your interests, like the music you listen to or the comedians you follow; your "off app" behavior, like what websites you browse after watching a YouTube video; and your "psychographics," meaning general trends glossed from your behavior over time, like your social values and lifestyle habits. In 2017 The Australian alleged that [Facebook] had crafted a pitch deck for advertisers bragging that it could exploit "moments of psychological vulnerability" in its users by targeting terms like "worthless," "insecure," "stressed," "defeated," "anxious," "stupid," "useless," and "like a failure." The social media company likewise tracked when adolescent girls deleted selfies, "so it can serve a beauty ad to them at that moment," according to [former employee Sarah] Wynn-Williams. Other examples of Facebook's ad lechery are said to include the targeting of young mothers based on their emotional state, as well as emotional indexes mapped to racial groups.

Note: Facebook hid its own internal research for years showing that Instagram worsened body image issues, revealing that 13% of British teenage girls reported more frequent suicidal thoughts after using the app. For more along these lines, read our concise summaries of news articles on Big Tech and mental health.

Klaus Barbie, the notorious Nazi war criminal known as the "Butcher of Lyon," managed to escape justice for decades, living under a false identity in Bolivia until his arrest in 1983. Barbie worked for Western intelligence services and adopted the alias Klaus Altmann in South America. In Bolivia, he became the chief security adviser to Roberto Suárez, one of the world's most powerful drug traffickers. Barbie's success with Suárez brought him new clients, including dictator Luis GarcĂ­a Meza, who seized power in 1980 with the backing of cocaine barons. Barbie, hailed as the ideological architect of Bolivia's "Cocaine Coup," was awarded the rank of lieutenant colonel in the Bolivian army and granted immunity for his actions. He helped Meza set up death squads and served as Bolivia's de facto intelligence chief. New revelations stem from recently declassified CIA cables from 1974, which show that agency operatives suspected Barbie of involvement in the drug trade – including possible links to Colombian drug lord Pablo Escobar. Barbie was reportedly recruited by the CIA. His role in aiding drug cartels was allegedly part of a broader U.S. effort to prevent leftist regimes from taking power in Bolivia – as had happened in Cuba – by bolstering military dictatorships. This cooperation is believed to have allowed Barbie to evade extradition to France for years. When he was finally captured, the U.S. formally apologized to France for helping him flee.

Note: Read our Substack on the dark truth behind the war on drugs. For more, explore our information on Operation Paperclip, where more than 1,500 Nazis were secretly embedded in the US scientific community and intelligence establishment.

The forensic scientist Claire Glynn estimated that more than 40 million people have sent in their DNA and personal data for direct-to-consumer genetic testing, mostly to map their ancestry and find relatives. Since 2020, at least two genetic genealogy firms have been hacked and at least one had its genomic data leaked. Yet when discussing future risks of genetic technology, the security policy community has largely focused on spectacular scenarios of genetically tailored bioweapons or artificial intelligence (AI) engineered superbugs. A more imminent weaponization concern is more straightforward: the risk that nefarious actors use the genetic techniques ... to frame, defame, or even assassinate targets. A Russian parliamentary report from 2023 claimed that "by using foreign biological facilities, the United States can collect and study pathogens that can infect a specific genotype of humans." Designer bioweapons, if ever successfully developed, produced, and tested, would indeed pose a major threat. Unscrupulous actors with access to DNA synthesis infrastructure could ... frame someone for a crime such as murder, for example, by using DNA that synthetically reproduces the DNA regions used in forensic crime analysis. The research and policy communities must dedicate resources not simply to dystopian, low-probability threats like AI designed bioweapons, but also to gray zone genomics and smaller-scale, but higher probability, scenarios for misuse.

Note: For more, read our concise summaries of news articles on corruption in biotech.

Trust in academic research is crucial. This trust, however, could be affected by the presence of conflicts of interest (CoIs), situations where a specific interest of the researcher could compromise the researcher's impartiality. Academic research in fields such as economics, medicine, and many others is becoming more costly and often depends on funding or access to databases controlled by private parties. To what extent do these relationships undermine trust in research? In our new NBER working paper, we address this ... by examining how different types of CoIs shape perceptions of the trustworthiness of economic research. Trust in the results declined across all groups (on average by 30%) following the disclosure of a CoI, despite the research being peer-reviewed and published in a prestigious academic journal. This decline was moderated by expertise, with average Americans experiencing greater declines in trust than "elite" economists (who publish in the top journals). Nonetheless, even elite economists experienced a drop in trust. Financial incentives (such as funding) were not the sole or the most significant factor influencing trust. Instead, privileged access to data had the most pronounced effect. When research utilized private data aligned with the interests of the data provider, trust in the results decreased by over 20%. Trust dropped by approximately 50% if the data provider retained review rights over the research outcomes.

Note: "Trust the science" sounds noble–until you realize that even top editors of world-renowned journals have warned that much of published medical research is unreliable, distorted by fraud, corporate influence, and conflicts of interest. For more along these lines, read our concise summaries of news articles on corruption in science.

Technology already available – and already demonstrated to be effective – makes it possible for law-abiding officials, together with experienced technical people to create a highly efficient system in which both security and privacy can be assured. Advanced technology can pinpoint and thwart corruption in the intelligence, military, and civilian domain. At its core, this requires automated analysis of attributes and transactional relationships among individuals. The large data sets in government files already contain the needed data. On the Intelligence Community side, there are ways to purge databases of irrelevant data and deny government officials the ability to spy on anyone they want. These methodologies protect the privacy of innocent people, while enhancing the ability to discover criminal threats. In order to ensure continuous legal compliance with these changes, it is necessary to establish a central technical group or organization to continuously monitor and validate compliance with the Constitution and U.S. law. Such a group would need to have the highest-level access to all agencies to ensure compliance behind the classification doors. It must be able to go into any agency to inspect its activity at any time. In addition ... it would be best to make government financial and operational transactions open to the public for review. Such an organization would go a long way toward making government truly transparent to the public.

Note: The article cites national security journalist James Risen's book on how the creation of Google was closely tied to NSA and CIA-backed efforts to privatize surveillance infrastructure. For more along these lines, read our concise summaries of news articles on Big Tech and the disappearance of privacy.

A new study of defense department spending previewed exclusively to the Guardian shows that most of the Pentagon's discretionary spending from 2020 to 2024 has gone to outside military contractors, providing a $2.4tn boon in public funds to private firms in what was described as a "continuing and massive transfer of wealth from taxpayers to fund war and weapons manufacturing". The report from the Quincy Institute for Responsible Statecraft and Costs of War project at Brown University said that the Trump administration's new Pentagon budget will push annual US military spending past the $1tn mark. That will deliver a projected windfall of more than half a trillion dollars that will be shared among top arms firms such as Lockheed Martin and Raytheon as well as a growing military tech sector with close allies in the administration such as JD Vance, the report said. The US military budget will have nearly doubled this century, increasing 99% since 2000. "The US withdrawal from Afghanistan in September 2021 did not result in a peace dividend," the authors of the report wrote. "Instead, President Biden requested, and Congress authorized, even higher annual budgets for the Pentagon, and President Trump is continuing that same trajectory of escalating military budgets." The growth in spending will increasingly benefit firms in the "military tech" sector who represent tech companies like SpaceX, Palantir and Anduril.

Note: Learn more about arms industry corruption in our comprehensive Military-Intelligence Corruption Information Center. For more, read our concise summaries of news articles on military corruption.

There's a revolving door of talent between the country's premiere intelligence agency and its entertainment industry, with inspiration and influence often working both ways. The agency is targeting professionals at the intersection of arts and technology for recruitment ... and continues to cooperate with entertainment giants to inspire the next generation of creative spies. Creative minds in Hollywood and the entertainment industry have long had a role at the Central Intelligence Agency, devising clever solutions to its most vexing problems, such as perfecting the art of disguise. In the 1950s, a magician from New York named John Mulholland was secretly contracted with the agency to write a manual for Cold War spies on trickery and deception. These days, the officers said, creative skills are more valuable than ever. "You're only limited by your own imagination – don't self-censor your ideas," said Janelle, a CIA public affairs officer. "We're always looking for partners." Some of the CIA's most iconic missions – at least the declassified ones – document the agency's rich history with Hollywood, including Canadian Caper, when CIA operatives disguised themselves as a film crew to rescue six American diplomats in Tehran during the Iran hostage crisis, an operation moviegoers will recognize as the plot of "Argo." CIA analysts have also been known to leave the agency for opportunities in the entertainment industry, writing books and scripts drawing from their experiences.

Note: Learn more about the CIA's longstanding propaganda network in our comprehensive Military-Intelligence Corruption Information Center. The US Department of Defense has had a hand in more than 800 top Hollywood films. For more along these lines, read our concise summaries of news articles on censorship and intelligence agency corruption.

On Tuesday, July 1, 2025, African Stream published its final video, a defiant farewell message. With that, the once-thriving pan-African media outlet confirmed it was shutting down for good. Not because it broke the law. Not because it spread disinformation or incited violence. But because it told the wrong story, one that challenged U.S. power in Africa and resonated too deeply with Black audiences around the world. In September, U.S. Secretary of State Antony Blinken made the call and announced an all-out war against the organization, claiming, without evidence, that it was a Russian front group. Within hours, big social media platforms jumped into action. Google, YouTube, Facebook, Instagram, and TikTok all deleted African Stream's accounts, while Twitter demonetized the organization. The company's founder and CEO, Ahmed Kaballo ... told us that, with just one statement, Washington was able to destroy their entire operation, stating: "We are shutting down because the business has become untenable. After we got attacked by Antony Blinken, we really tried to continue, but without a platform on YouTube, Instagram, TikTok, and being demonetized on X, it just meant the ability to generate income became damn near impossible." Washington both funds thousands of journalists around the planet to produce pro-U.S. propaganda, and, through its close connections to Silicon Valley, has the power to destroy those that do not toe the line.

Note: Learn more about the CIA's longstanding propaganda network in our comprehensive Military-Intelligence Corruption Information Center. For more, read our concise summaries of news articles on censorship.

Ten days after 9/11, Rais Bhuiyan was shot at point blank range by a white supremacist. The near-death experience inspired him to set up World Without Hate, dedicated to breaking the cycles of violence. "As a result of the shooting, I ... lost my home, my job, my sense of security and my fiance," [said Bhuiyan]. "I focused on rebuilding my life slowly getting into restaurant working as a waiter. Many kind and caring Americans came forward to help redo my life. Forgiving my attacker was a multiple-step process. I realized by executing him we were simply losing human life without dealing with the root cause. I began to see him as a human being like me, not just as a killer. And I remember what it feels like to be on the brink the death, begging to God for a second chance. I learned about the verse in the Holy Koran chapter 5, verse 32 where it says that saving a life is like saving the entire mankind and taking a life is like taking the life of entire mankind. I was extremely convinced I needed to go the extra mile to save the life of the man. When we launched our global campaign to save the life of my attacker he heard from his lawyer that's one of his victims was running a campaign to save his life. And he told his lawyer, I do not believe it, I never said sorry, I never apologized and destroyed their lives, especially his life, and now he forgave me and is running a campaign to save my life, he was released to tears, he said I don't deserve that, I'm someone unforgivable. He wrote a letter to me from death row and in one paragraph this is what he said, that my stepfather taught me some lessons that I should have never learned. So when he learned about our campaign he went to tremendous transformation and talked about world peace, mercy, justice, peace, hate crimes and how he was wrong, what went wrong in his life, and how he ended up killing people. He was in peace before he was executed."

Note: Watch Bhuiyan's powerful 17-min PBS interview. For more, watch our latest 20-min video on what can transform a divided world, where you'll hear the powerful words and stories from those at the edge of death, leaders who reached across deep divides, and even a former neo-Nazi who left hate. Explore more positive stories like this on human interest stories and near-death experiences.

I had been a SEAL for five and a half years. After that, I worked as a contractor with the CIA. When that ended, I crashed–hard. I got into sleeping pills. I was using opiates. Eventually, I moved out of the country and started living in MedellĂ­n, Colombia. That's where I got really into cocaine. Eventually, I hit a point where I knew I couldn't keep going. A friend told me about psychedelic therapy, and I decided to try it. The first was Ibogaine. It's a 12-hour experience. I basically watched my entire life play out from a different perspective. After the Ibogaine effects wore off, I did another psychedelic called 5-MeO-DMT, sometimes called the "God molecule." The trip is described as an ego death, or death experience. It was the most intense, intuitive thing I've ever felt. I came out of it seeing the world differently. For the first time in my life, I realized everything is connected. That hit me in a way nothing else ever had. When I came back from that psychedelic experience, I didn't need the pills anymore. I didn't need the vodka. I quit everything. And for the first time in a long time, I was fully present with my family. That experience changed everything. It gave me a second chance. That's why I started talking about this publicly. I wanted other veterans ... to know there's a way out. A lot of them have been through the same thing – addiction, trauma, broken families, suicidal thoughts. When they hear that someone else made it through, they start to believe that maybe they can too.

Note: Explore more positive stories like this on psychedelic medicine and healing the war machine.

Negative or fear-framed coverage of AI in mainstream media tends to outnumber positive framings. The emphasis on the negative in artificial intelligence risks overshadowing what could go right – both in the future as this technology continues to develop and right now. AlphaFold, which was developed by the Google-owned AI company DeepMind, is an AI model that predicts the 3D structures of proteins based solely on their amino acid sequences. That's important because scientists need to predict the shape of protein to better understand how it might function and how it might be used in products like drugs. By speeding up a basic part of biomedical research, AlphaFold has already managed to meaningfully accelerate drug development in everything from Huntington's disease to antibiotic resistance. A timely warning about a natural disaster can mean the difference between life and death. That is why Google Flood Hub is so important. An open-access, AI-driven river-flood early warning system, Flood Hub provides seven-day flood forecasts for 700 million people in 100 countries. It works by marrying a global hydrology model that can forecast river levels even in basins that lack physical flood gauges with an inundation model that converts those predicted levels into high-resolution flood maps. This allows villagers to see exactly what roads or fields might end up underwater. Flood Hub ... is one of the clearest examples of how AI can be used for good.

Note: Explore more positive stories like this on technology for good.

Da Ying "David" Sze walked out of a four-story concrete warehouse in Queens, New York, carrying several bags full of money. Federal agents had been surveilling him for months. They suspected him of leading a gang of money launderers whose clients included Chinese fentanyl dealers. Most of that business had been conducted at one institution: TD Bank. When investigators looked closer at the bank, they realized Sze wasn't the only criminal who'd made TD their depository of choice. There was the group from Manhattan's Diamond District using bogus gold sales to launder money. The Colombian drug traffickers using TD debit cards to bring their US profits back home. And the human trafficking ring that claimed to be an HVAC company when it opened an account. The more investigators looked at TD, the more money laundering they found. Last year, TD's American subsidiary became the first US bank ever to plead guilty to conspiracy to commit money laundering. The company agreed to pay $3.1 billion in fines to various parts of the federal government, a sum that included the biggest penalty ever levied by the Department of Justice under the Bank Secrecy Act, the main US anti-money-laundering law. More than two dozen people, including three bank employees, have already been charged. US authorities have also imposed an asset cap on TD's American retail operations, limiting their size indefinitely. This is among the most feared punishments in banking.

Note: Read our Substack on the dark truth about the war on drugs. For more along these lines, read our concise summaries of news articles on financial industry corruption and the war on drugs.

If economic inequality increases within a country, the risk of civil war breaking out grows. This is the finding from a study by the Chair of Economic History at the University of TĂĽbingen. The study has been published in the Review of Income and Wealth. The calculations revealed a statistically significant connection between unequal distribution of income and the outbreak of civil wars. The results can be verified using historical events: for example, land was extremely unequally distributed in Russia before the October revolution of 1917–and this critically contributed to the outbreak of revolution and civil war, a marker that was also identified by the new benchmark with a correspondingly high probability. The new benchmark also makes it possible to predict the risk of civil war today: "In the U.S. the inequality in income distribution has risen sharply in the past 30 years. Accordingly, the risk of a civil war in the U.S. has risen drastically from 10% to 21%," says Baten. In Great Britain, China, India and Russia too, inequality has risen greatly in the same period. "We've checked what influence other variables had on the outbreak of civil wars," says Laura Radatz, co-author of the study. "For instance, the size of a country and its population naturally increase the probability that a civil war will break out somewhere in this country." The amount of economic growth in a country does not measurably influence the risk of a civil war, according to the study.

Note: For more along these lines, read our concise summaries of news articles on financial inequality.

Even when the economy appears to be booming, millions struggle to stay afloat. In a recent poll from Demand Progress, 81.6 percent of voters surveyed said they want leaders who break up monopolies, compared to just 47.3 percent who prioritize cutting government red tape. This poll suggests that the public supports a populist approach that confronts corporate power more than an abundance agenda that sidesteps it. It reflects a growing recognition: while bureaucratic inefficiencies certainly exist, corporations are blocking our abundance because scarcity is profitable. The scarcity that so many Americans feel in their daily lives is not by accident, it's by design. Companies block abundance by strategically reducing output and access to goods and services. Artificial scarcity is a business strategy. One that prioritizes profit maximization over widespread availability, ensuring that demand consistently outstrips supply. This deliberate restriction allows companies to command higher prices. Concentration makes it easier to manufacture scarcity. When a few large players dominate the market, they can manipulate the fundamental dynamics of supply and demand and charge high economic rents. This is made possible by an economic and political system that corporations have spent decades reshaping to suit their needs. As a result, we live in an economy that has quietly redefined freedom as the power of the wealthy to set the terms for the rest.

Note: For more along these lines, read our concise summaries of news articles on corporate corruption and financial inequality.

In her new book, Bad Company: Private Equity and the Death of the American Dream, journalist and WIRED alum Megan Greenwell chronicles the devastating impacts of one of the most powerful yet poorly understood forces in modern American capitalism. Flush with cash, largely unregulated, and relentlessly focused on profit, private equity firms have quietly reshaped the US economy, taking over large chunks of industries ranging from health care to retail–often leaving financial ruin in their wake. Twelve million people in the US now work for companies owned by private equity, Greenwell writes, or about 8 percent of the total employed population. It is very hard for private equity firms to lose money on deals. They're getting a 2 percent management fee, even if they're running the company into the ground. They're also able to pull off all these tricks, like selling off the company's real estate and then charging the company rent on the same land it used to own. When private equity firms take out loans to buy companies, the debt from those loans is assigned not to the private equity firm but to the portfolio company. It is just not about improving the company at all. It is about, how do we extract money? There was a huge expansion of private equity in the 2010s for the same reason that venture capital exploded: There was a lot of cheap money out there, and cheap money is great for investors.

Note: For more along these lines, read our concise summaries of news articles on financial industry corruption.

A few dozen people gathered inside a graffiti-clad building in the Carabanchel district of Madrid. They had come to commiserate about the American investment banks and private equity funds that controlled their homes. Some at this meeting of the Sindicato de Vivienda de Carabanchel (the Carabanchel Housing Union) were fighting eviction orders or skyrocketing rents. Others had lost their homes through mortgage foreclosures. One attendee, Elsa Riquelme, described her yearslong battle to stay in the 600-square-foot apartment where she raised her three sons, which is now owned by Blackstone, the world's largest private equity firm. Over the past decade, Blackstone has become Madrid's largest private owner of residential real estate, and the second largest in all of Spain. Ms. Riquelme's apartment is one of 13,000 that Blackstone currently owns in Madrid, and among 19,600 it owns nationwide. Across Spain, around 185,000 rental properties are now owned by large corporations, half of those by firms based in the United States. Rental prices have increased 57 percent since 2015 and home prices 47 percent ... even as more than 4 million homes sit empty. After the pandemic pushed Spain's unemployment rate up to 15 percent, evictions nationwide spiked. In Madrid, tenant groups estimate that 20,000 renters in the city currently face the threat of eviction. These days, just 2 percent of Spanish homes available for rent are public housing. In France it's 14 percent; in the Netherlands it's 34 percent.

Note: This article is also available here. For more along these lines, read our concise summaries of news articles on corporate corruption and financial inequality.

BlackRock, the world's biggest asset management company, faces a complaint at the Organization for Economic Co-operation and Development (OECD) for allegedly contributing to environmental and human rights abuses around the world through its investments in agribusiness. Friends of the Earth US and the Articulation of Indigenous Peoples of Brazil accuse BlackRock of increasing investments in companies that have been implicated in the devastation of the Amazon and other major forests despite warnings that this is destabilising the global climate, damaging ecosystems and violating the rights of traditional communities. The influence of BlackRock is enormous. It manages more than $11tn in assets, more than the combined government spending of the world's 10 wealthiest countries. To support their complaint, Friends of the Earth investigated publicly available data on BlackRock's shareholdings ... in 20 agribusiness companies that have been implicated in environmental and human rights abuses, operating in the palm oil, pulp/paper, soy, cattle, timber and biomass sectors. It found BlackRock has more than $5bn invested in these companies, an increase since 2019 of $519m. In each of the companies is it a top 10 shareholder. Conservation organisations and Indigenous peoples have repeatedly asked BlackRock to stop financing companies that deforest the Amazon and violate communities' land rights.

Note: For more along these lines, read our concise summaries of news articles on financial industry corruption and environmental destruction.

BlackRock Inc.'s annual proxy statement devotes more than 50 pages to executive pay. How many of those are useful in understanding why Chief Executive Officer Larry Fink was compensated to the tune of $37 million for 2024? Not enough. The asset manager's latest remuneration report has heightened significance because BlackRock's shareholders delivered a rare and large protest vote against its pay framework at last year's annual meeting. That followed recommendations ... to withhold support for the so-called say-on-pay motion. In the wake of the rebuke, a board committee responsible for pay and perks took to the phones and hit the road to hear shareholders' gripes. Investors wanted more explanation of how the committee members used their considerable discretion in arriving at awards. There was also an aversion to one-time bonuses absent tough conditions. Incentive pay is 50% tied to BlackRock's financial performance, with the remainder split equally between objectives for "business strength" and "organizational strength." That financial piece was previously described using a non-exhaustive list of seven financial metrics. Now there are eight, gathered under three priorities: "drive shareholder value creation," "accelerate organic revenue growth" and "enhance operating leverage." There's no weighting given to the three financial priorities. The pay committee says Fink "far exceeded" expectations, but those expectations weren't quantified.

Note: For more along these lines, read our concise summaries of news articles on financial industry corruption.

A former housing official who worked under President George H. W. Bush has made an astonishing claim that the U.S. government spent years funneling money into the creation of a secret underground "city" where the rich and powerful can shelter in the event of a "near-extinction event." Catherine Austin Fitts ... served as the assistant secretary of Housing and Urban Development for Housing between 1989 and 1990. Fitts ... cited research by Michigan State University economist Mark Skidmore, who released a report in 2017 stating that he and a team of scholars had uncovered $21 trillion in "unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015." According to Fitts, who worked as an investment banker before joining Bush's administration, that money was used to fund the development of what she described as an "underground base, city infrastructure and transportation system" that has been kept hidden from the public. She [said] that she spent two years researching where the $21 trillion had gone, alleging that she uncovered evidence that there are 170 secret facilities in the U.S. alone, explaining that she and a team of investigators combed through "all the data and all the allegations on underground bases" in order to make a "guess" as to how many might exist. Additionally, Fitts alleged that several of these bases are located beneath oceans–not just underground.

Note: Read more about the groundbreaking work of Mark Skidmore and Catherine Austin Fitts. For more along these lines, read our concise summaries of news articles on military corruption and government waste.

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.