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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.


Microbes may play crucial role in human health
2011-10-09, Washington Post
Posted: 2012-04-11 18:29:09
http://www.washingtonpost.com/national/health-science/microbes-may-play-cruci...

The average person’s body contains about 100 trillion cells, but only maybe one in 10 is human. Human cells ... are far outnumbered by those from microbes — primarily bacteria but also viruses, fungi and a panoply of other microorganisms. That thought might make a lot of people lunge for the hand sanitizer, but that impulse may be exactly the wrong one. Researchers are amassing a growing body of evidence indicating that microbial ecosystems play crucial roles in keeping us healthy. Moreover, scientists are becoming more convinced that modern trends — diet, antibiotics, obsession with cleanliness, Caesarean deliveries — are disrupting this delicate balance, contributing to some of the most perplexing ailments, including asthma, allergies, obesity, diabetes, autoimmune diseases, cancer and perhaps even autism. These microbial stowaways may wield far greater powers than previously appreciated. Acquired beginning at birth, this mass of fellow travelers may help steer normal development. Investigators are trying to identify which organisms may truly be beneficial “probiotics” that people could take to help their health. One intriguing finding is that babies born through Caesarean section apparently miss out on acquiring their mothers’ microbiota. The rising number of C-section babies ... might help explain trends such as rising incidents of asthma and food allergies caused by misfiring immune systems. Obese people appear to have a distinctive mix of digestive bacteria that make them prone to weight gain. Thin mice get fatter when their microbiota is replaced with the microbes of obese animals.

Note: For more on probiotics from Dr. Mercola, click here. For an informative Newsweek article further exploring this topic, click here.


Japan nuke plant leaks radioactive water again
2012-04-05, Salt Lake Tribune/Associated Press
Posted: 2012-04-11 18:26:15
http://www.sltrib.com/sltrib/world/53866558-68/plant-leaks-japan-leak.html.csp

The operator of Japan’s tsunami-hit nuclear plant says tons of highly radioactive water appears to have leaked into the ocean from a purification unit. The leak comes as Tokyo Electric Power Co. struggles to keep the melted reactors cool and contain radiation and raises concerns about its ability to keep the plant stable. Similar leaks have occurred several times since last year, and officials say they do not pose an immediate health threat.

Note: For an abundance of major media articles showing major problems with nuclear power, click here.


Gregg Williams' speech adds fuel to bountygate fire
2012-04-06, USA Today
Posted: 2012-04-11 18:24:07
http://www.usatoday.com/sports/football/nfl/story/2012-04-05/saints-violence-...

Gregg Williams' profanity-filled speech to the New Orleans Saints' defensive players the night before their mid-January playoff game against the San Francisco 49ers included a target list: Alex Smith's chin. Vernon Davis' ankles. Kyle Williams' head. Frank Gore's head. And, according to audio captured ... Williams chillingly suggested that 49ers wide receiver Michael Crabtree "becomes human when we (expletive) take out that outside ACL." [This] provided more evidence against the Saints on a day when coach Sean Payton, assistant head coach Joe Vitt and general manager Mickey Loomis met with NFL Commissioner Roger Goodell to appeal penalties for their roles in a bounty scandal that has rocked the league. The audio also raised anew some questions for the NFL. Has the league lost control of what is supposed to be the controlled violence of America's most popular game? And how might the sport be affected by its professional level's apparent disregard for player safety. While Williams' speech ... could easily be criticized for ill intent, it also illustrated the type of macho mentality that has existed in pro football since its inception. A former linebacker [Coy Wire] played under Williams with the Buffalo Bills when players were also paid cash in a similar bounty scheme. "Gregg Williams was part of a culture of relentlessness," says Wire. "It wasn't just him. It was a group of people who wanted to find a competitive edge." In its findings announced in early March, the league maintained that between 22 and 27 players from the Saints defenses from 2009 to 2011 were involved in the bounty program.


Living Seed company takes root from heirloom seeds
2012-03-28, San Francisco Chronicle
Posted: 2012-04-11 18:21:58
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/27/DD9P1NDH6T.DTL&ao...

Two entrepreneurs are hoping to take gardening back to a time when an abundance of plant diversity was the norm. Matthew Hoffman and Astrid Lindo grow, source and sell seeds of rare and heirloom edibles. "What's amazing is 100 years ago, everybody saved their own seed," Lindo said. By 1983, the 408 varieties of peas cultivated on American farms some 80 years earlier had dwindled to 25. Sweet corn saw a drop from 307 to 12 varieties. Hoffman undertook intensive training in New Mexico at the first-ever seed school taught by Bill McDorman, one of the veterans of the contemporary North American seed-saving movement. His enthusiasm was infectious; within a few months, Lindo decided to ... immerse herself in the fledgling business. The couple talked with experienced seed growers and farmers, researched catalogs, and scanned gardening forums and blogs online. And then they dug in and began growing their own seed. McDorman, director of Native Seeds/Search, a Tucson organization focused on conserving the genetic diversity of crops ... is effusive in his praise of the couple. "These young kids are way smarter than we were," he remarked. "Matthew and Astrid are indicative of what's coming, a whole new wave." The couple have ... a lively Twitter feed, a blog and a Facebook page as well as a YouTube channel with instructional videos on seed-saving techniques. The company also donates seeds to school garden programs, urban garden programs and correctional facilities.

Note: Learn more at www.livingseedcompany.com. Read the blog at this link and check them out on twitter:@LivingSeedCo; Facebook: www.facebook.com/LivingSeedCompany; and YouTube: bit.ly/wR0P3B


Can three minutes of exercise a week help make you fit?
2012-02-27, BBC News
Posted: 2012-04-11 18:19:02
http://www.bbc.co.uk/news/health-17177251

A few relatively short bursts of intense exercise, amounting to only a few minutes a week, can deliver many of the health and fitness benefits of hours of conventional exercise, according to new research. This apparently outrageous claim is supported by many years of research done in a number of different countries. [Welcome to] the world of High Intensity Training (HIT). By doing just three minutes of HIT a week for four weeks, [you can] expect to see significant changes in a number of important health indices. But how much benefit you get ... may well depend on your genes. The fact is that people respond to exercise in very different ways. In one international study 1,000 people were asked to exercise four hours a week for 20 weeks. The results were striking. Although 15% of people made huge strides ... 20% showed no real improvement at all. The exercise they were doing was not making them any aerobically fitter. [HIT is] actually very simple. You get on an exercise bike, warm up by doing gentle cycling for a couple of minutes, then go flat out for 20 seconds. A couple of minutes to catch your breath, then another 20 seconds at full throttle. Another couple of minutes gentle cycling, then a final 20 seconds going hell for leather. And that's it. Active exercise ... seems to be needed to break down the body's stores of glucose, deposited in your muscles as a substance called glycogen. Smash up these glycogen stores and you create room for more glucose to be sucked out of the blood and stored. Like any new exercise regime if you have a pre-existing medical condition you should consult your doctor before trying it.

Note: For lots more on this, see the excellent article on mercola.com at this link. And for two amazing one-minute videos of a highly inspiring gymnast who is 86-years-old doing her routines, click here.


Farmers Cope With Roundup-Resistant Weeds
2010-05-03, New York Times
Posted: 2012-04-11 18:12:49
http://www.nytimes.com/2010/05/04/business/energy-environment/04weed.html

Just as the heavy use of antibiotics contributed to the rise of drug-resistant supergerms, American farmers’ near-ubiquitous use of the weedkiller Roundup has led to the rapid growth of tenacious new superweeds. To fight them [farmers] are being forced to spray fields with more toxic herbicides, pull weeds by hand and return to more labor-intensive methods like regular plowing. “We’re back to where we were 20 years ago,” said [farmer Eddie] Anderson. Farm experts say that such efforts could lead to higher food prices, lower crop yields, rising farm costs and more pollution of land and water. The first resistant species [was found] in 2000. Since then, the problem has spread, with 10 resistant species in at least 22 states infesting millions of acres. The superweeds could temper American agriculture’s enthusiasm for some genetically modified crops. Roundup Ready crops account for about 90 percent of the soybeans and 70 percent of the corn and cotton grown in the United States. However, if Roundup doesn’t kill the weeds, farmers have little incentive to spend the extra money for the special seeds. “The biotech industry is taking us into a more pesticide-dependent agriculture when ... we need to be going in the opposite direction,” said Bill Freese, a science policy analyst for the Center for Food Safety in Washington. Roundup-resistant pigweed ... could pose as big a threat to cotton farming in the South as the beetle that devastated the industry in the early 20th century.

Note: Few Americans are aware that almost all of the soybeans and corn they eat was genetically modified. And thanks to a controlled media, even fewer know that these GM crops have repeatedly been shown in scientific studies to cause cancer and even death in lab animals. For lots more on this, click here and here.


Foreclosure abuse rampant across U.S., experts say
2012-02-17, MSNBC/Reuters
Posted: 2012-04-02 21:25:10
http://www.msnbc.msn.com/id/46424973/ns/business/t/foreclosure-abuse-rampant-...

A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country. The audit of almost 400 foreclosures in San Francisco found that 84 percent of them appeared to be illegal, according to the study released by the California city. "The audit in San Francisco is the most detailed and comprehensive that has been done - but it's likely those numbers are comparable nationally," Diane Thompson, an attorney at the National Consumer Law Center, told Reuters. Across the country from California, Jeff Thingpen, register of deeds in Guildford County, North Carolina, examined 6,100 mortgage documents last year, from loan notes to foreclosure paperwork. Of those documents, created between January 2008 and December 2010, 4,500 showed signature irregularities, a telltale sign of the illegal practice of "robosigning" documents. Robosigning involves the use of bogus documents to force foreclosures without lenders having to scrutinize all the paperwork involved with mortgages. The practice was at the heart of the foreclosure scandal that led to a $25 billion settlement between the U.S. government and five major banks last week.

Note: For lots more from major media sources on the illegal foreclosures made by the biggest banks and financial firms, the collusion of government agencies, and more, see our "Banking Bailout" news articles.


Icelandic Anger Brings Debt Forgiveness in Best Recovery Story
2012-02-28, Bloomberg/Businessweek
Posted: 2012-04-02 21:18:23
http://www.businessweek.com/news/2012-02-28/icelandic-anger-brings-debt-forgi...

Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the countrys economic and financial collapse are reaping the benefits of their anger. Since the end of 2008, the islands banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population, according to a report published this month by the Icelandic Financial Services Association. You could safely say that Iceland holds the world record in household debt relief, said Lars Christensen, chief emerging markets economist at Danske Bank A/S in Copenhagen. Iceland followed the textbook example of what is required in a crisis. Any economist would agree with that. Most polls now show Icelanders dont want to join the European Union, where the debt crisis is in its third year. The islands households were helped by an agreement between the government and the banks, which are still partly controlled by the state, to forgive debt exceeding 110 percent of home values. On top of that, a Supreme Court ruling in June 2010 found loans indexed to foreign currencies were illegal, meaning households no longer need to cover krona losses.

Note: The amazing story of the Icelandic people demanding bank reform is one of the most underreported stories in recent years. Why isn't this all over the news? To see what top journalists say about news censorship, click here. For blatant manipulations of the big banks reported in the major media, click here.


CDC: U.S. kids with autism up 78% in past decade
2012-03-29, CNN
Posted: 2012-04-02 21:14:50
http://edition.cnn.com/2012/03/29/health/autism

The number of children with autism in the United States continues to rise, according to a new report released ... by the Centers for Disease Control and Prevention. The latest data estimate that 1 in 88 American children has some form of autism spectrum disorder. That's a 78% increase compared to a decade ago, according to the report. In 2000 and 2002, the autism estimate was about 1 in 150 children. Two years later 1 in 125 8-year-olds had autism. In 2006, the number was 1 in 110, and the newest data -- from 2008 -- suggests 1 in 88 children have autism. Boys with autism continue to outnumber girls 5-to-1, according to the CDC report. It estimates that 1 in 54 boys in the United States have autism. A child or adult with an autistic spectrum disorder might: --Repeat actions over and over --Not look at objects when another person points to them --Avoid eye contact and want to be alone --Prefer not to be held or cuddled or might cuddle only when they want to --Appear to be unaware when other people talk to them but respond to other sounds.

Note: Children with autistic characteristics were extremely rare until just the last 50 years or so, when vaccines first started. For dozens of major media articles showing a link between autism and vaccines, click here. For an MSNBC article featuring Robert F. Kennedy, Jr. showing a very strong correlation between vaccines and autism, click here.


Very High Radiation, Little Water in Japan Reactor
2012-03-28, ABC News/Associated Press
Posted: 2012-04-02 21:10:03
http://abcnews.go.com/International/wireStory/high-radiation-water-japan-reac...

One of Japan's crippled nuclear reactors still has fatally high radiation levels and hardly any water to cool its fuel, according to an internal examination that reinforces doubts about the plant's stability. The data collected showed the damage from the disaster is so severe, the plant operator will have to develop special equipment and technology to tolerate the harsh environment and decommission the plant, a process expected to last decades. The No. 2 reactor is the only one plant workers have been able to closely examine so far. Tuesday's examination with an industrial endoscope detected radiation levels up to 10 times the fatal dose inside the chamber. The other two reactors that had meltdowns could be in even worse shape. Three Dai-ichi reactors had meltdowns, but the No. 2 reactor is the only one that has been examined because radiation levels inside the reactor building are relatively low and its container is designed with a convenient slot to send in the endoscope. The exact conditions of the other two reactors, where hydrogen explosions damaged their buildings, are still unknown. Simulations have indicated that more fuel inside No. 1 has breached the core than the other two, but radiation at No. 3 remains the highest. The high radiation levels inside the No. 2 reactor's chamber mean it's inaccessible to the workers. Fukushima's accident has instilled public distrust and concerns about nuclear safety, making it difficult for the government to start up reactors even after regular safety checks. All but one of Japan's 54 reactors are now offline, with the last one scheduled to stop in early May.

Note: For key reports from reliable sources on Fukushima and other cases of corruption in the nuclear power industry, click here.


U.S. Relaxes Limits on Use of Data in Terror Analysis
2012-03-23, New York Times
Posted: 2012-04-02 21:07:21
https://www.nytimes.com/2012/03/23/us/politics/us-moves-to-relax-some-restric...

The Obama administration is moving to relax restrictions on how counterterrorism analysts may retrieve, store and search information about Americans gathered by government agencies for purposes other than national security threats. Attorney General Eric H. Holder Jr. [has] signed new guidelines for the National Counterterrorism Center. The guidelines will lengthen to five years — from 180 days — the amount of time the center can retain private information about Americans when there is no suspicion that they are tied to terrorism, intelligence officials said. The guidelines are also expected to result in the center making more copies of entire databases and “data mining them.” They also set off civil-liberties concerns among privacy advocates who invoked the “Total Information Awareness” program. That program, proposed early in the George W. Bush administration and partially shut down by Congress after an outcry, proposed fusing vast archives of electronic records — like travel records, credit card transactions, phone calls and more. “We’re all in the dark, and for all we know it could be a rerun of Total Information Awareness, which would have allowed the government to make a computerized database of everything on everybody,” said Kate Martin, the director of the Center for National Security Studies, who criticized the administration for not making the draft guidelines public for scrutiny ahead of time.

Note: For excellent and insightful analyses of the disturbing growth of government surveillance and secrecy described in this NYT report, click here and here and here and here.


US anti-terrorism law curbs free speech and activist work, court told
2012-03-29, The Guardian (One of the UK's leading newspapers)
Posted: 2012-04-02 21:04:22
http://www.guardian.co.uk/world/2012/mar/29/journalists-us-anti-terrorism-law...

A group [of] political activists and journalists has launched a legal challenge to stop an American law they say allows the US military to arrest civilians anywhere in the world and detain them without trial as accused supporters of terrorism. The seven figures, who include ex-New York Times reporter Chris Hedges, professor Noam Chomsky and Icelandic politician and WikiLeaks campaigner Birgitta Jonsdottir, testified to a Manhattan judge that the law – dubbed the NDAA or Homeland Battlefield Bill – would cripple free speech around the world. They said that various provisions written into the National Defense Authorization Bill, which was signed by President Barack Obama at the end of 2011, effectively broadened the definition of "supporter of terrorism" to include peaceful activists, authors, academics and even journalists interviewing members of radical groups. Controversy centres on the loose definition of key words in the bill, in particular who might be "associated forces" of the law's named terrorist groups al-Qaida and the Taliban and what "substantial support" to those groups might get defined as. Whereas White House officials have denied the wording extends any sort of blanket coverage to civilians, rather than active enemy combatants, or actions involved in free speech, some civil rights experts have said the lack of precise definition leaves it open to massive potential abuse.

Note: For discussion of the extreme crackdown by police, based on "anti-terrorism" legislation, against Occupy movement protestors, click here.


2 Studies Point to Common Pesticide as a Culprit in Declining Bee Colonies
2012-03-30, New York Times
Posted: 2012-04-02 20:59:31
http://www.nytimes.com/2012/03/30/science/neocotinoid-pesticides-play-a-role-...

Scientists have been alarmed and puzzled by declines in bee populations in the United States and other parts of the world. They have suspected that pesticides are playing a part, but to date their experiments have yielded conflicting, ambiguous results. In Thursday’s issue of the journal Science, two teams of researchers published studies suggesting that low levels of a common pesticide can have significant effects on bee colonies. One experiment, conducted by French researchers, indicates that the chemicals fog honeybee brains, making it harder for them to find their way home. The other study, by scientists in Britain, suggests that they keep bumblebees from supplying their hives with enough food to produce new queens. The authors of both studies contend that their results raise serious questions about the use of the pesticides, known as neonicotinoids. “I personally would like to see them not being used until more research has been done,” said David Goulson, an author of the bumblebee paper who teaches at the University of Stirling, in Scotland. “If it confirms what we’ve found, then they certainly shouldn’t be used when they’re going to be fed on by bees.” Environmentalists say that both studies support their view that the insecticides should be banned. The insecticides, introduced in the early 1990s, have exploded in popularity; virtually all corn grown in the United States is treated with them. Neonicotinoids are taken up by plants and moved to all their tissues — including the nectar on which bees feed.

Note: For many disturbing reports from reliable sources on the mysterious mass deaths of animals, click here.


Too Big To Bank There
2012-03-24, Wall Street Journal
Posted: 2012-04-02 20:54:35
http://online.wsj.com/article/SB10001424052702304724404577297711326667808.html

We have finally reached the point in our financial history where even bankers hate bankers. Last week, the Federal Reserve Bank of Dallas issued its 2011 annual report with a 34-page essay, "Why We Must End Too Big To Fail—Now." The report [dubs the nation's largest banks] "a clear and present danger to the U.S. economy." It begins with a letter from regional Fed president Richard Fisher. "More than half of banking industry assets are on the books of just five institutions," he complains. "They were a primary culprit in magnifying the financial crisis, and their presence continues to play an important role in prolonging our economic malaise." This is a member of the Federal Reserve itself — an institution that bears responsibility for our banking system devolving into an untenable oligarchy that buys off politicians, captures regulators and eats up our money. This is a member of the establishment saying Too-Big-To-Fail, or TBTF, must die. "The term TBTF disguised the fact that commercial banks holding roughly one-third of the assets in the banking system did essentially fail, surviving only with extraordinary government assistance," the essay reads. Their executives paid themselves fortunes to execute failed mergers and acquisitions and accumulate unimaginable piles of toxic debts. We saved them to save the financial system. But now we must break them up so they don't put us in this ridiculous situation again.

Note: For lots more from major media sources on the criminal practices of the biggest banks and financial firms and the collusion of government agencies, see our "Banking Bailout" newsarticles.


Fed Struggles with Perceptions of Transparency
2009-07-30, PBS
Posted: 2012-04-02 20:50:43
http://www.pbs.org/newshour/bb/business/july-dec09/federalreserve_07-30.html

PAUL SOLMAN, NewsHour economics correspondent: As the Federal Reserve moved rapidly and radically last year to prevent what it feared was an economic meltdown, it bailed out some institutions, but not others, forced mergers, [and] created hundreds of billions of dollars. The net result: increased suspicion of the Fed itself. That's nothing new. The 1913 act of Congress that established America's central bank was ... a compromise between government ... and private banking interests, which owned the 12 regional Fed branches. [All along,] some Americans have been suspicious of the Fed for operating above politics, too close to bankers, and behind closed doors. Simply Google "Federal Reserve." You encounter everything from skepticism to fear of conspiracy. NARRATOR: With the power to regulate the money supply is also the power to bring entire economies and societies to its knees. DONALD KOHN, Federal Reserve vice chairman: We bring information to bear from the private sector, from foreign governments and foreign central banks that they tell us in confidence about what's going on in their businesses. WILLIAM GREIDER, author, "Secrets of the Temple": You could say, "We have to have our meetings in secret because things will be said that are national security secrets, but we'll vet the transcript and release it four weeks later." Why not do that? SOLMAN: A House bill ... would give the Government Accountability Office the right to audit the Fed's interest rate decisions. Chairman Bernanke opposes it as compromising the Fed's independence.

Note: If you look at the top of any U.S. currency, you will see the words "Federal Reserve Note." U.S. dollars are issued and controlled by the Federal Reserve, which is privately owned, though subject to minimal federal oversight. To see just how much control the Federal Reserve has over the issuance of U.S. currency, see their webpage at this link. For lots more on hidden manipulations of the Federal Reserve, click here.


Does the Federal Reserve Have Too Much Power?
2012-03-26, PBS
Posted: 2012-04-02 20:48:34
http://www.pbs.org/newshour/businessdesk/2012/03/does-the-federal-reserve-hav...

Question: A group proposing a change in monetary policy based on the writings of Stephen Zarlenga (monetary.org) [argues] that the government should print the money, not the Fed or any other private body. H.R. 2990 proposed by Dennis Kucinich is based on these ideas. Are they reasonable to you? Paul Solman: As the Treasury borrows more and more money by issuing bonds and selling them to all comers, it commits itself, "with the full faith and credit" of the United States, to pay back its creditors in full. That means it will either raise taxes in the future or -- and this is the relevant point -- get the Fed to create more money by purchasing bonds on the open market. This is called "monetizing the debt." There's a legitimate case that the Fed has too much power, is insufficiently beholden to the people in what's supposed to be a democracy, since no one on the Fed is chosen by popular election and private bankers are heavily represented on its board. This has long been the argument of financial journalist William Greider, author of a major book on the Fed, "The Secrets of the Temple." Greider: "The idea of giving the Federal Reserve still greater power [is] dangerous. First of all it rewards failure. But secondly, it puts them in the position as arbiter of who shall fail and who shall succeed. It asks to be able to choose what are the 30 or 40 or 50 banks and industrial firms that it regards as systemic risks for the society and ... it will protect those from failure. The government stands behind them and the rest of us are on our own."

Note: If you look at the top of any U.S. currency bill, you will see the words "Federal Reserve Note." Thus, though U.S. dollars are printed by the Treasury, they are issued and controlled by the Federal Reserve, which is privately owned, though subject to minimal federal oversight. To see just how much control the Federal Reserve has over the issuance of U.S. currency, see their webpage at this link. For lots more on hidden manipulations of the Federal Reserve, click here.


George Soros on the Coming U.S. Class War
2012-01-23, Newsweek Magazine
Posted: 2012-04-02 20:46:30
http://www.thedailybeast.com/newsweek/2012/01/22/george-soros-on-the-coming-u...

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” [George] Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.” Soros draws on his past to argue that the global economic crisis is as significant, and unpredictable, as the end of Communism. To Soros, the spectacular debunking of the credo of efficient markets — the notion that markets are rational and can regulate themselves to avert disaster — “is comparable to the collapse of Marxism as a political system.” Understanding, he says, is key. “Unrestrained competition can drive people into actions that they would otherwise regret. The tragedy of our current situation is the unintended consequence of imperfect understanding. A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.” Still, Soros believes the West is struggling to cope with the consequences of evil in the financial world just as former Eastern bloc countries struggled with it politically. Is he really saying that the financial whizzes behind our economic meltdown were not just wrong, but evil? “That’s correct.”

Note: For lots more from major media sources on the criminal practices of the biggest banks and financial firms and the collusion of government agencies, see our "Banking Bailout" newsarticles.


Pope's visit to Mexico refocuses attention on narco-church relations
2012-03-22, The Guardian (One of the UK's leading newspapers)
Posted: 2012-04-02 20:43:59
http://www.guardian.co.uk/world/2012/mar/22/popes-visit-mexico-narco-church

Photographs of a plaque thanking [a drug cartel] kingpin for building [a] new modernist church with a 20-metre high metal cross ... caused a scandal when they were published in a national newspaper in October 2010. The scandal has faded but the plaque remains – an uncomfortable reminder of the influence of the drugs culture in the Mexican Catholic church. Narco-church relations are nothing new. In 1993 the leaders of the Tijuana cartel held a secret meeting with the papal nuncio in Mexico City as part of an effort to distance themselves from a chaotic shootout that had killed a cardinal. The meeting was brokered by a Tijuana priest who had received bountiful donations over the years. Pope Benedict [expressed] concern about such relations at the start of his papacy. But while the bishops have since periodically stressed that drug money can never be purified ... they have done little else. While the pope is expected to talk about the violence battering Mexico during his three-day visit ... observers believe he is unlikely to make more than a passing reference to corrosion of the church itself. In the meantime one cartel has sought to take propagandistic advantage of the visit. Banners signed by the Knights Templar cartel hung up around Guanajauto on Sunday welcomed the pope and promised to refrain from "acts of war" during his visit. That same cartel was suspected to be responsible for the appearance of 10 severed heads outside a slaughterhouse in another state on the same day.


Vatican Leaks Raise Questions Over Finances
2012-03-29, NPR
Posted: 2012-04-02 20:40:35
http://www.npr.org/2012/03/29/149614995/vatican-leaks-raise-questions-over-fi...

The Vatican has launched a rare criminal investigation to uncover who is behind leaks of highly sensitive documents that allege corruption and financial mismanagement in Vatican City. The documents also shed light on purported infighting over the Vatican Bank's compliance with international money-laundering regulations. A television show in late January on an independent network first revealed letters addressed last year to Pope Benedict XVI from the then-deputy governor of Vatican City, Archbishop Carlo Maria Vigano. Vigano complained of corruption within the church and protested orders to remove him from his post and send him to be the papal nuncio, or ambassador, to Washington. Under Vigano's watch, the Holy See balance sheet went from $10 million in the red to almost $45 million in the black in just 12 months. By being kicked upstairs, Vigano wrote, his efforts to clean up the Vatican would be stopped and would also tarnish the pontiff's image by bringing into question his resolve to establish transparency inside the Vatican. Italian authorities are investigating the origin of $33 million in Vatican funds deposited in Italian banks. The Italian media have reported that JP Morgan Chase is closing the Vatican Bank's account with its Milan branch because it felt the Holy See had failed to provide sufficient data on money transfers.

Note: The fact that JP Morgan is closing it's Vatican accounts is a major sign of the intense changes happening behind the scenes.


Vatican bank image hurt as JP Morgan closes account
2012-03-19, CNBC/Reuters
Posted: 2012-04-02 20:36:40
http://www.cnbc.com/id/46784687/Vatican_bank_image_hurt_as_JP_Morgan_closes_a...

JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported. The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering. The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud. The IOR, founded in 1942 by Pope Pius XII, handles financial activities for the Vatican, for orders of priests and nuns, and for other Roman Catholic religious institutions. The IOR was entangled in the collapse 30 years ago of Banco Ambrosiano, with its lurid allegations about money-laundering, freemasons, mafiosi and the mysterious death of Ambrosiano chairman Roberto Calvi - "God's banker". The IOR then held a small stake in the Ambrosiano, at the time Italy's largest private bank and investigators alleged that it was partly responsible for the Ambrosiano's fraudulent bankruptcy. Several investigations have failed to determine whether Calvi, who was found hanging under Blackfriars Bridge near London's financial district, killed himself or was murdered. The IOR denied any role in the Ambrosiano collapse but paid $250 million to creditors in what it called a "goodwill gesture".

Note: The fact that JP Morgan is closing it's Vatican accounts is a major sign of the intense changes happening behind the scenes.


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