TV News LIES

Friday, Jun 27th

Last update08:52:16 PM GMT

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Confessions of a sub-prime mortgage baron

The former loan company boss now sees himself as little better than a mid-rank drug dealer.

"I almost look at the mortgage industry kind of like the drug trade. Wall Street and the investment banks are the Bolivian drug lords," he says. "You look at this and you go: What were we doing? Who doesn't want the feeling of euphoria? Who doesn't like to get money?"

He continues: "Wall Street, the drug lords, were creating this product. Lenders and brokers are the street dealers who were largely making it available based on a consumer desire; a want for it."

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Mobile phone use 'raises children's risk of brain cancer fivefold'

Professor Hardell told the conference – held at the Royal Society by the Radiation Research Trust – that "people who started mobile phone use before the age of 20" had more than five-fold increase in glioma", a cancer of the glial cells that support the central nervous system. The extra risk to young people of contracting the disease from using the cordless phone found in many homes was almost as great, at more than four times higher.

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Why does the US think it can win in Afghanistan?

Poor old Algerians. They are being served the same old pap from their cruel government. In 1997, the Pouvoir announced a "final victory" over their vicious Islamist enemies. On at least three occasions, I reported – not, of course, without appropriate cynicism – that the Algerian authorities believed their enemies were finally beaten because the "terrorists" were so desperate that they were beheading every man, woman and child in the villages they captured in the mountains around Algiers and Oran.

And now they're at it again. After a ferocious resurgence of car bombing by their newly merged "al-Qa'ida in the Maghreb" antagonists, the decrepit old FLN government in Algiers has announced the "terminal phase" in its battle against armed Islamists.

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Blocking Care for Women

LAST month, the Bush administration launched the latest salvo in its eight-year campaign to undermine women’s rights and women’s health by placing ideology ahead of science: a proposed rule from the Department of Health and Human Services that would govern family planning. It would require that any health care entity that receives federal financing — whether it’s a physician in private practice, a hospital or a state government — certify in writing that none of its employees are required to assist in any way with medical services they find objectionable.

Laws that have been on the books for some 30 years already allow doctors to refuse to perform abortions. The new rule would go further, ensuring that all employees and volunteers for health care entities can refuse to aid in providing any treatment they object to, which could include not only abortion and sterilization but also contraception. 

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Tylenol drug linked to asthma

Babies who receive acetaminophen in the first year of life are significantly more likely to have symptoms of asthma and other allergies when they're a few years older.

A huge, worldwide study of more than 200,000 children also found that 6- and 7-year-olds who are given acetaminophen often - at least once a month - are three times as likely to suffer wheezing and whistling in their chests compared with children who never take the drug.

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Judge orders Cheney to preserve records

A federal judge on Saturday ordered Dick Cheney to preserve a wide range of the records from his time as vice president. The decision by U.S. District Judge Colleen Kollar-Kotelly is a setback for the Bush administration in its effort to promote a narrow definition of materials that must be safeguarded under by the Presidential Records Act.

The Bush administration's legal position "heightens the court's concern" that some records may not be preserved, said the judge.

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TVNL Comment: Yeah, right.  Like anyone in this administration cares about court orders.  Cheney has destroyed most of his records already, and will continue to do so.  And nothing will happen.

Bank of America chief: half of banks won't exist in 5 years

In a speech in Washington, D.C. on Friday, Bank of America Corp. CEO Ken Lewis said he envisions a banking industry that is smaller but better.

He declined to predict when financial markets might recover, but said that many banks will have to merge or be bought out in order to survive.

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Overcoming anthrax doubts

The FBI, the U.S. attorney for Washington, D.C., and postal inspectors did not convince everyone last month when they laid out their case against the late Army microbiologist Dr. Bruce Ivins.

Mueller had announced Tuesday that, partly owing to pressure from members of Congress, he will ask the National Academy of Sciences to conduct the review. To help prevent doubt from lingering forever, the public — and Congress — must be assured the review panel is indeed independent.

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Voting problems in several swing states

A new Government Accountability Office report on voting system testing finds that the Election Assistance Commission has not notified election officials across the country about electronic voting machine failures.

And a new study by Common Cause and the Century Foundation finds that 10 very vital swing states have significant voting problems that have not been addressed since the last election.

Those 10 states, according to Common Cause, are Colorado, Florida, Georgia, Michigan, Missouri, New Mexico, Ohio, Pennsylvania, Virginia and Wisconsin.

In Colorado, 20,000 left polling places without voting in 2006 because of crashed computer registration machines and long lines. And this election day, Colorado will have another new registration system.

TVNL Comment: In a real democracy this would be unnaceptable. And in a real democracy with a real press this would be the most important story of the day until it was resolved.

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