NewsTrust - Corruption - Most Recent Stories: News (Mainstream)

Undercover police had children with activists

Sun, 22 Jan 2012 00:00:00 -0800

The Guardian - By Rob Evans, Paul Lewis - Jan. 22 (News Report) - Undercover police had children with activists — Disclosure likely to intensify controversy over long-running police operation to infiltrate and sabotage protest groups — Two undercover police officers secretly fathered children with political campaigners they had been sent to spy …

NewsTrust Rating: 4.4 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Canada kept detection of salmon virus secret

Wed, 30 Nov 2011 00:00:00 -0800

Seattle Times - By Craig Welch - Nov. 30 (News Report) - A decade before this fall's salmon-virus scare, a Canadian government researcher said she found a similar virus in more than 100 wild fish from Alaska to Vancouver Island. But Canadian officials never told the public or scientists in the United States about those tests.

NewsTrust Rating: Not rated yet - See Info » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

How Paulson Gave Hedge Funds Advance Word -

Tue, 29 Nov 2011 00:00:00 -0800

Bloomberg - By Richard Teitelbaum - Nov. 29 (News Report) - Treasury Secretary Henry Paulson on July 21, 2008 gave 'inside information' to a hall full of Fund managers. "The managers attending the meeting were thus given a choice opportunity to trade on that information. " Paulson, Bush, McCain, Obama, Bernanke, Dodd, Frank are all criminals in causing and exploiting the banking crisis. All should be in prison.

NewsTrust Rating: Not rated yet - See Info » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Secret Fed Loans Undisclosed to Congress Gave Banks $13 Billion in Income

Sun, 27 Nov 2011 00:00:00 -0800

Bloomberg - Nov. 27 (Special Report) - On Nov. 26, 2008, then-Bank of America Corp. Chief Executive Officer Kenneth D. Lewis wrote to shareholders that he headed “one of the strongest and most stable major banks in the world.” He didn’t say that his firm owed the central bank $86 billion that

NewsTrust Rating: 4.0 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Murdoch's News Corp accused of trying to bribe Australian senator

Wed, 23 Nov 2011 00:00:00 -0800

The Guardian - Nov. 23 (News Report) - Federal police investigate Bill O'Chee's claim he was offered favourable coverage if he voted against digital TV laws Australian police are investigating a former senator's allegations that an executive from Rupert Murdoch's News Limited offered him favourable newspaper coverage and "a special relationship" in return for voting against government legislation. Bill O'Chee made the allegations in a nine-page statement to police and they were published Wednesday by Fairfax Media newspapers, rivals of News Corp's Australian subsidiary. The newspapers reported that an unnamed executive of News Ltd asked O'Chee during a lunch on 13 June 1998 to vote against his conservative government's legislation on the creation of digital TV in Australia. The News group stood to profit from the legislation failing. The Australian federal police said in a statement on Wednesday that O'Chee's allegations had been under investigation since 4 November. "As this matter is ongoing it would not be appropriate to ...

NewsTrust Rating: 3.7 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

The Pledge: Grover Norquist's hold on the GOP

Tue, 22 Nov 2011 00:00:00 -0800

60 Minutes - By Steve Kroft - Nov. 22 (Special Report) - As head of Americans for Tax Reform since 1986, Grover Norquist has transformed a single issue - preventing tax hikes - into one of the key platforms of the Republican Party. As Steve Kroft reports, his biggest coup was getting more than 270 members of Congress, and nearly all of the 2012 Republican presidential primary candidates, to sign a pledge promising never to vote to raise taxes. But some opponents say the pledge may be hindering a solution to America's debt crisis.

NewsTrust Rating: 4.0 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Congress: Trading stock on inside information?

Wed, 16 Nov 2011 00:00:00 -0800

CBS News - By Steve Kroft, Ira Rosen, Gabrielle Schonde - Nov. 16 (Special Report) - Washington, D.C. is a town that runs on inside information - but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress and their aides have regular access to powerful political intelligence, and many have made well-timed stock market trades in the very industries they regulate. For now, the practice is perfectly legal, but some say it's time for the law to change.

NewsTrust Rating: 4.0 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Sorry, but this trader's banking confession was no prank

Thu, 29 Sep 2011 00:00:00 -0700

The Guardian - By The Yes Men - Sep. 29 (News Analysis) - The Yes Men have been blamed for Alessio Rastani's comments on the financial crisis. But sometimes truth outdoes satireThis week, an insignificant market trader and self-proclaimed financial self-help guru, Alessio Rastani, rocketed to stardom after speaking frankly on the BBC about the collapsing market and his plans to make money from it. We Yes Men heard about it right away, because soon after the broadcast, people started emailing from all over the world to congratulate us on another prank well done. They couldn't imagine that a real trader could possibly speak so candidly about the market, so they assumed Rastani was one of our posturings.He wasn't. Rastani is small potatoes, but he's a real trader. And he said nothing that would suggest otherwise; he simply described what he does, more honestly than a true insider would, but quite accurately. "Every night I dream of another recession," Rastani said, and explained that it's possible to make huge money from a big crisis even when millions of others lose their life savings, and worse.Well, duh. Don't we all know that Goldman Sachs bet against the same housing market they were such a big player in, and made $1bn in profit when the sub-prime crisis rendered millions of Americans homeless? John Paulson, the manager whose hedge fund was betting for Goldman, could have honestly said exactly what Rastani said, but of course he knew better – possibly because unlike Rastani, Paulson's firm had a major, immediate and provable impact, and there's no telling how his millions of victims might have reacted. Unlike Rastani, true industry insiders like Paulson, Geithner et al remain silent about the way their system works, couching it all in technical jargon and full-on deceit. They've been doing it for decades, and, since Ronald Reagan's day, with increasing consistency.Lately, it hasn't been working so well. Something has been speaking in very plain language to millions of people. The crowds amassing in cities from New York to Athens to Paris are just the tip of the iceberg, just the most visible of all those who have long known, viscerally, that Rastani's point of view is actually mainstream. Those people also know that, armed with truth and awareness, anything is possible.As Michael Moore pointed out to those occupying Liberty Plaza near Wall Street, in America it's just 400 people who own as much as most of the rest of us put together. And when the rest of us decide we really want to change the rules of the game, and take back this country for all the people, those 400 won't be able to do anything about it.Financial crisisGlobal recessionBankingGoldman SachsHedge fundsFinancial sectorThe Yes Menguardian.co.uk © 2011 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds

NewsTrust Rating: Not rated yet - See Info » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

The $2 Billion UBS Incident: 'Rogue Trader' My Ass

Thu, 15 Sep 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Sep. 15 (Investigative Report) - There is much hand-wringing in the financial press today as the UBS incident has reminded the whole world that all of the banks were almost certainly lying their asses off over the last three years, when they all pledged to pull back from risky prop trading.

NewsTrust Rating: 4.2 average - 5 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Wall Street Aristocracy Secretly Got $1.2 Trillion From Fed

Mon, 22 Aug 2011 00:00:00 -0700

Bloomberg - By Bradley Keoun, Phil Kuntz - Aug. 22 (Special Report) - Citigroup Inc. and Bank of America Corp. were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest US banks and brokerage firms to their best year ever with $104 billion of profits. By 2008, the housing market's collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the US Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the US Treasury, yet until now the full amounts have remained secret

NewsTrust Rating: 4.0 average - 4 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

U.S. aid implicated in abuses of power in Colombia

Sat, 20 Aug 2011 00:00:00 -0700

Washington Post - By Karen DeYoung, Claudia J. Duque - Aug. 20 (News Report) - The Obama administration often cites Colombia’s thriving democracy as proof that U.S. assistance, know-how and commitment can turn around a potentially failed state under terrorist siege. The country’s U.S.-funded counterinsurgency campaign against a Marxist rebel group — and the civilian and military coordination behind it — are viewed as so successful that it has become a model for strategy in Afghanistan. But new revelations in long-running political scandals under former president Alvaro Uribe , a close U.S. ally throughout his eight-year tenure, have implicated American aid, and possibly U.S. officials, in egregious abuses of power and illegal actions by the Colombian government under the guise of fighting terrorism and drug smuggling. ...

NewsTrust Rating: 3.7 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Ex-President Uribe denies ordering Colombia’s intelligence agency to spy on judges, foes

Thu, 18 Aug 2011 00:00:00 -0700

The Washington Post - Aug. 18 (News Report) - More than 20 agents of the DAS intelligence agency have been imprisoned for alleged roles in the spying. Two have pleaded guilty in exchange for reduced sentences.

NewsTrust Rating: 3.2 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Is the SEC Covering Up Wall Street Crimes?

Wed, 17 Aug 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Aug. 17 (Investigative Report) - Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after

NewsTrust Rating: 4.4 average - 6 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Safety doubts raised at U.S. nuclear waste cleanup project

Sun, 14 Aug 2011 00:00:00 -0700

Los Angeles Times - By Ralph Vartabedian - Aug. 14 (Investigative Report) - Senior scientists at the site said in emails obtained by The Times that Bechtel's designs for tanks and mixing equipment are flawed, representing such a massive risk that work should be stopped on that part of the construction project. But Energy Department officials in Washington said they believed the problems were fixable and that they had authorized Bechtel to keep going

NewsTrust Rating: Not rated yet - See Info » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

India’s Iron Ore Industry Is Called Graft-Ridden

Mon, 01 Aug 2011 00:00:00 -0700

New York Times - By Vikas Bajaj - Aug. 01 (News) - India’s wave of corruption scandals has hit yet another industry, iron ore mining, implicating companies that include the flagship of one of this nation’s richest men.

NewsTrust Rating: Not rated yet - See Info » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

How Twitter tracked the News of the World scandal

Thu, 14 Jul 2011 00:00:00 -0700

The Guardian - By Jonathan Richards, Alex Graul, Martin Shuttleworth, Mariana Santos, Ranjit Dhaliwal, Alastair Dant - Jul. 14 (Special Report) - The Murdochs' decision to close the News of the World was greeted with a frenzy on Twitter. The Guardian has analysed half a million tweets sent with the #notw hashtag over the past four days to capture…

NewsTrust Rating: 3.8 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Alienated nation: Americans complain of government disconnect

Mon, 04 Jul 2011 00:00:00 -0700

CBS News - By Brian Montopli - Jul. 04 (Poll) - Americans see their leaders in Washington as overpaid agents of wealthy individuals and corporations who are largely disconnected from the concerns of average Americans.

NewsTrust Rating: 3.7 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

A little house of secrets on the Great Plains

Tue, 28 Jun 2011 00:00:00 -0700

Reuters - By Kelly Carr, Brian Grow - Jun. 28 (Investigative Report) - A Reuters investigation has found the house at 2710 Thomes Avenue serves as a little Cayman Island on the Great Plains. It is the headquarters for Wyoming Corporate Services, a business-incorporation specialist that establishes firms which can be used as "shell" companies, paper entities able to hide assets.

NewsTrust Rating: 3.9 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

John Edwards charged in felony indictment

Fri, 03 Jun 2011 00:00:00 -0700

Associated Press - Jun. 03 (Breaking News) - A federal grand jury has indicted two-time presidential candidate John Edwards over massive sums of money spent to keep his mistress in hiding during the peak of his 2008 campaign for the White House.

NewsTrust Rating: 3.4 average - 4 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

John Edwards’s lawyers expect indictment Friday

Fri, 03 Jun 2011 00:00:00 -0700

Washington Post - By Jerry Markon - Jun. 03 (News) - Lawyers for former Democratic vice presidential nominee John Edwards expect that he will be indicted Friday on federal campaign finance charges after plea negotiations with the Justice Department did not produce an agreement, people familiar with the talks said.

NewsTrust Rating: 3.6 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

The Fight Over Fracking: Josh Fox vs. Big Gas

Tue, 17 May 2011 00:00:00 -0700

Rolling Stone - By Alexander Zaitchik - May. 17 (News Report) - One afternoon in early April, Josh Fox sits in a caf near his Brooklyn home and unfurls a peculiar map of the United States.

NewsTrust Rating: 4.2 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

The Secret Sharer

Mon, 16 May 2011 00:00:00 -0700

New Yorker - By Jane Mayer - May. 16 (Special Report) - On June 13th, a fifty-four-year-old former government employee named Thomas Drake is scheduled to appear in a courtroom in Baltimore, where he will face some of the gravest charges that can be brought against an American citizen. A former senior executiv

NewsTrust Rating: Not rated yet - See Info » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

The great government fire sale is on

Fri, 13 May 2011 00:00:00 -0700

Associated Press - May. 13 (Special Report) - As states and cities struggle with billions of dollars in shortfalls, elected officials are increasingly selling public assets to cover their costs. Sometimes municipalities sell the buildings to pocket a one-time pile of cash and then lease them back so they can continue to use them.

NewsTrust Rating: 3.9 average - 6 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Regulator to Join Comcast After OK of NBC Deal

Thu, 12 May 2011 00:00:00 -0700

Associated Press - By Joelle Tessler - May. 12 (News) - A top telecommunications regulator who voted to approve Comcast Corp.'s takeover of NBCUniversal in January is leaving to join the company as a lobbyist.

NewsTrust Rating: 3.4 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

NBC deal OK’d, Comcast hires regulator

Thu, 12 May 2011 00:00:00 -0700

Associated Press - By Associated Press - May. 12 (News) - A top telecommunications regulator who voted to approve Comcast Corp.’s takeover of NBCUniversal in January is leaving to join the company as a lobbyist.

NewsTrust Rating: 3.6 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer