Media Articles from 2018

Wall Street’s Derivatives Nightmare: New York Times Does a Shallow Dive

[Economic]
Wall Street’s Derivatives Nightmare: New York Times Does a Shallow Dive
By Pam Martens and Russ Martens
Posted September 12, 2018

Alan Greenspan, Robert Rubin, Larry Summers, architects of collapseThe New York Times published a 1300-word shallow dive into the byzantine, globally-interconnected world of financial derivatives in its print edition yesterday. After years of ignoring this seismic problem since it last blew up the U.S. financial system in 2008, what accounts for the New York Times’ newfound interest? We can sum up its 1300 word article using only three letters – CYA (CoverYourAss!)

What frightened the Times into this foray into the dark web of financial derivatives held by the biggest Wall Street banks was a frightening, 111-page deep dive into the subject by Michael Greenberger, a law professor at the University of Maryland’s Carey School of Law. Greenberger knows a thing or two about derivatives, having previously served from 1997 to 1999 as the Director of the Division of Trading and Markets at the Commodity Futures Trading Commission (CFTC) under its head Brooksley Born. More…

The Whole System Is Rigged

[Politics]
The Whole System Is Rigged
by Chris Martenson
Posted September 7, 2018

the system is riggedRecently I’ve been frustrated by the efforts to convince Americans that our democracy is under attack by outside agents when there’s ample evidence — concrete, hard, firm evidence which I’ve repeatedly covered — that US elections have been spitting out improbable and even sometimes impossible election results for the past 14 years, ever since insecure, low-integrity eVoting platforms and central tabulators were introduced.

Yes, nefarious agents may well indeed be undermining our democracy. But the real villains appear much more domestic than foreign.

There’s nothing more poisonous to the notion of democracy than fraudulent election outcomes. Nothing. And yet the number of people rising up in protest on this issue may as well be zero, as long as we’re rounding to the nearest whole percentage. Meanwhile millions are up in arms about the still-unproven allegations that Russia tipped the recent presidential elections with a laughably tiny amount of social media ads. More…

The War on Assange Is a War on Press Freedom

[Media]
The War on Assange Is a War on Press Freedom
by Chris Hedges
Posted September 2, 2018

war on press freedomThe failure on the part of establishment media to defend Julian Assange, who has been trapped in the Ecuadorean Embassy in London since 2012, has been denied communication with the outside world since March and appears to be facing imminent expulsion and arrest, is astonishing. The extradition of the publisher—the maniacal goal of the U.S. government—would set a legal precedent that would criminalize any journalistic oversight or investigation of the corporate state.

It would turn leaks and whistleblowing into treason. It would shroud in total secrecy the actions of the ruling global elites. If Assange is extradited to the United States and sentenced, The New York Times, The Washington Post and every other media organization, no matter how tepid their coverage of the corporate state, would be subject to the same draconian censorship. Under the precedent set, Donald Trump’s Supreme Court would enthusiastically uphold the arrest and imprisonment of any publisher, editor or reporter in the name of national security. More…

The Media Needs to Radically Change the Way It Covers ‘Foiled Terror Plots’

[Media]
The Media Needs to Radically Change the Way It Covers ‘Foiled Terror Plots’
by Adam H. Johnson
Posted August 24, 2018

FBI breaking up its own plots?This holiday week, we saw yet another high-profile “foiled” terror plot. And once again, when one looks closely at the government’s case, it consists of an FBI ruse, driven largely by the government itself. According to The Washington Post, the suspect, Demetrius Pitts, “indicated to [an] FBI employee he did not want to detonate any bombs himself” and the FBI special agent in charge “conceded it was unclear whether Pitts had the means to carry out an attack by himself.”

The FBI even gave Pitts a bus pass and a cellphone so he could “carry out” the entirely theoretical attack on an Independence Day parade in Cleveland.

Human rights groups and independent researchers have found between 67 percent and 99 percent of nominal terror cases involve varying degrees of FBI involvement, often with the bureau acting as the primary engine—providing materials, plans and encouragement to a “suspect,” often after he or she merely expresses pro-jihadist sympathies online. More…

Archiving the alternative press threatened by wealthy buyers

[Media]
Archiving the alternative press threatened by wealthy buyers
by Parker Higgins
Posted August 10, 2018

protecting alternative media archives from billionairesFreedom of the Press Foundation is launching an online archives collection in partnership with Archive-It, a service developed by the Internet Archive to help organizations preserve online content. Our collection, focusing on news outlets we deem to be especially vulnerable to “billionaire problem,” aims to preserve sites in their entirety before their archives can be taken down or manipulated.

To start our collection, we used Archive-It to crawl the entirety of Gawker.com, which we conducted amidst speculation that its archives might be purchased by a hostile party. Reported suitors have included Peter Thiel—who bankrolled the legal campaign that ultimately crushed the site—and more recently Mike Cernovich, who the site once described as a “D-list right-winger.”

We also captured a copy of L.A. Weekly shortly after its new owners—the identity of whom was initially concealed, even from its employees—restructured the operation and eliminated most of the writing jobs. More…

Aadhaar, Skynet & Death By Glitch

[Politics]
Aadhaar, Skynet & Death By Glitch
By Shelley Kasli
Posted August 9, 2018

NSA has a program called SkynetThe United Nations considers one nation abducting the citizens of another a crime against humanity. But that don’t stop the US government from sponsoring abduction and extrajudicial transfer of person to CIA Black Sites with our without the consent of concerned countries. For participating in this extraordinary rendition nations like Poland were given $15 million, but alas in turn it had to pay $250,000 to their torture victims.

Owing to massive public outcry and even several movies made over this controversial CIA practice of Rendition, it was largely shutdown by the Obama administration; who now were focusing their energies in devising innovative ways to dispose off their enemies nominated for killing at the weekly counter-terrorism meeting in the White House situation room that known as Terror Tuesday. More…

Why Americans Need to Defend Julian Assange’s Freedom

[Justice]
Why Americans Need to Defend Julian Assange’s Freedom
by Nozomi Hayase
Posted August 2, 2018

Assange needs our defendingAs a transnational journalistic entity that is entirely funded by public donations, WikiLeaks places no allegiance to any nations, corporations or political ideology. Its sole loyalty lies in the principle of democracy, using a leak as a tool for information warfare to perform a function of watchdog, restricting the power of institutions and protecting the rights of individuals. This fidelity to checks and balances is demonstrated in Assange’s ability to speak truth, no matter who is in power.

WikiLeaks, as the world’s first global Fourth Estate, extended the freedom of speech, not only for Americans, but for people all around the world. As of late 2016, it published 10 million documents with a pristine record of authentication. The organization, by making full archives available in a searchable format, brought back information that belongs to the public, directly into their own hands. More…

George Orwell’s Guide to the News

[Media]
George Orwell’s Guide to the News
By Adrian Salbuchi
Posted August 1, 2018

following OrwellThe Western mainstream media falsifies the news resorting to euphemisms, half-truths and lies in the best (worst) style of George Orwell’s novel 1984.

We all live in the unreal world of “Newspeak” used by the Global Power Elite to control our minds.

Man gets confused when things that happen around him and to him, or which are done in his name, cannot be properly grasped, understood or made sense of.

Normally, such confusion leads to inaction. If you’re lost at night in the middle of a forest but you can still see the stars, then a bit of astronomical knowledge will at least quickly tell you which way is north. More…

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