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Buy it, read it, act on it. Our future depends on the knowledge this col-lection of suppressed stories allows us.” —San Diego Review
“One of the most significant media research projects in the country.” —I. F. Stone
“Activist groups like Project Censored . . . are helping to build the media democracy movement. We have to challenge the powers that be and rebuild media from the bottom up.” —Amy Goodman
“Project Censored continues to be an invaluable resource in exposing and highlighting shocking stories that are routinely minimized or ignored by the corporate media. The vital nature of this work is underscored by this year’s NSA leaks. The world needs more brave whistle blowers and independent journalists in the service of reclaiming democracy and challenging the abuse of power. Project Censored stands out for its commitment to such work.” —Deepa Kumar, author of Islamophobia and the Politics of Empire and associate professor of Media Studies and Middle Eastern Studies at Rutgers University
“Project Censored shines a spotlight on news that an informed public must have . . . a vital contribution to our democratic process.” —Rhoda H. Karpatkin, president, Consumer’s Union
“Most journalists in the United States believe the press here is free. That grand illusion only helps obscure the fact that, by and large, the US corporate press does not report what’s really going on, while tuning out, or laughing off, all those who try to do just that. Americans–now more than ever–need those outlets that do labor to report some truth. Project Censored is not just among the bravest, smartest, and most rigorous of those outlets, but the only one that’s wholly focused on those stories that the corporate press ignores, downplays, and/or distorts. This latest book is therefore a must read for anyone who cares about this country, its tottering economy, and–most important– what’s now left of its democracy.” –Mark Crispin Miller, author, professor of media ecology, New York University.
“[Censored] offers devastating evidence of the dumbing-down of main-stream news in America. . . . Required reading for broadcasters, journalists, and well-informed citizens.” —Los Angeles Times
“Project Censored interrogates the present in the same way that Oliver Stone and I tried to interrogate the past in our Untold History of the United States. It not only shines a penetrating light on the American Empire and all its deadly, destructive, and deceitful actions, it does so at a time when the Obama administration is mounting a fierce effort to silence truth-tellers and whistleblowers. Project Censored provides the kind of fearless and honest journalism we so desperately need in these dangerous times.” —Peter Kuznick, professor of history, American University, and coauthor, with Oliver Stone, of The Untold History of the United States
“In another home run for Project Censored, Censored 2013 shows how the American public has been bamboozled, snookered, and dumbed down by the corporate media. It is chock-full of ‘ah-ha’ moments where we understand just how we’ve been fleeced by banksters, stripped of our civil liberties, and blindly led down a path of never-ending war.” –Medea Benjamin, author of Drone Warfare, cofounder of Global Exchange and CODEPINK.
“Hot news, cold truths, utterly uncensored.” —Greg Palast
“Censored 2014 is a clarion call for truth telling. Not only does this volume highlight fearless speech in fateful times, it connect the dots between the key issues we face, lauds our whistleblowers and amplifies their voices, and shines light in the dark places of our government that most need exposure.” –Daniel Ellsberg, The Pentagon Papers
“Project Censored is one of the organizations that we should listen to, to be assured that our newspapers and our broadcasting outlets are practicing thorough and ethical journalism.” —Walter Cronkite
“[Censored] should be affixed to the bulletin boards in every newsroom in America. And, perhaps read aloud to a few publishers and television executives.” —Ralph Nader
“The staff of Project Censored presents their annual compilation of the previous year’s 25 stories most overlooked by the mainstream media along with essays about censorship and its consequences. The stories include an 813% rise in hate and anti-government groups since 2008, human rights violations by the US Border Patrol, and Israeli doctors injecting Ethiopian immigrants with birth control without their consent. Other stories focus on the environment, like the effects of fracking and Monsantos GMO seeds. The writers point out misinformation and outright deception in the media, including CNN relegating factual accounts to the “opinion” section and the whitewashing of Margaret Thatcher’s career following her death in 2013, unlike Hugo Chavez, who was routinely disparaged in the coverage following his death. One essay deals with the proliferation of “Junk Food News,” in which “CNN and Fox News devoted more time to ‘Gangnam Style’ than the renewal of Uganda’s ‘Kill the Gays’ law.” Another explains common media manipulation tactics and outlines practices to becoming a more engaged, free-thinking news consumer or even citizen journalist. Rob Williams remarks on Hollywood’s “deep and abiding role as a popular propaganda provider” via Argo and Zero Dark Thirty. An expose on working conditions in Chinese Apple factories is brutal yet essential reading. This book is evident of Project Censored’s profoundly important work in educating readers on current events and the skills needed to be a critical thinker.” -Publisher’s Weekly said about Censored 2014 (Oct.)
“Those who read and support Project Censored are in the know.” —Cynthia McKinney
“Project Censored brings to light some of the most important stories of the year that you never saw or heard about. This is your chance to find out what got buried.” –Diane Ravitch, author of The Death and Life of the Great American School System.
“At a time when the need for independent journalism and for media outlets unaffiliated with and untainted by the government and corporate sponsors is greater than ever, Project Censored has created a context for reporting the complete truths in all matters that matter. . . . It is therefore left to us to find sources for information we can trust. . . . It is in this task that we are fortunate to have an ally like Project Cen-sored.” —Dahr Jamail
“For ages, I’ve dreamed of a United States where Project Censored isn’t necessary, where these crucial stories and defining issues are on the front page of the New York Times, the cover of Time, and in heavy rotation on CNN. That world still doesn’t exist, but we always have Project Censored’s yearly book to pull together the most important things the corporate media ignored, missed, or botched.” –Russ Kick, author of You Are Being Lied To, Everything You Know Is Wrong, and the New York Times bestselling series The Graphic Canon.

6. New Mega-Merged Banking Behemoths = Big Risk

Source: MULTINATIONAL MONITOR, Date: June 1996, Title: “The Making of the Banking Behemoths,” Author: Jake Lewis

Nineteen ninety-five was a record year of bank mergers. Chase Manhattan and Chemical bank combined to create the nation’s largest bank, with $300 billion in assets—while on the West coast, the merger of First Interstate and Wells Fargo created a new giant with over $100 billion in assets. The massive consolidation of the nation’s banking resources has resulted in 71.5 percent of U.S. banking assets being controlled by the 100 largest banking organizations, representing less than 1 percent of the total banks in the nation.

Under the Bank Merger and Bank Holdings Company Act, the Federal Reserve is required, before approving any application of a merger, to test how well the convenience and needs of the public are being met by the merger. Critics charge that the Federal Reserve Board is doing a disservice to the American public by not applying this “public convenience and needs” test to the wave of banking mergers—as required by the Bank Merger and Bank Holding Company Acts. In light of this, analysts are concerned that the growing giants of the banking industry will “shift insurance risks to taxpayers, cost jobs, lead to increased rates for bank customer service, make it harder to get loans, and lessen community access to bank branches.”

The trend toward bigger banks is creating a system whereby giant banking institutions are taking on “too big to fail” status. Indeed, a failure of any one of these new giants would have a devastating effect on the nation’s financial health. And with the Federal Reserve capping the amount that financial institutions have to pay into the government’s bank insurance fund at $25 billion, just 1.25 percent of deposits are now insured. Consequently, any bailout of one of these new megabanks would come directly from the pockets of taxpayers.

Studies have also found that banks in concentrated markets tend to charge higher rates for certain types of loans, and tend to offer lower interest rates on certain types of deposits than do banks in less concentrated markets. A 1995 study by the U.S. Public Interest Research Group and the Center for Study of Responsive Law showed that fees on checking and savings accounts increased at twice the rate of inflation from 1993 to 1995 as bank mergers moved forward.

Finally, the trend toward megabanks is closing out community access and making it harder to get loans. In 1995, the Justice Department ordered Wells Fargo to divest itself of 61 branches it acquired through its merger with First Interstate to preserve competition for certain types of lending. But the 61 branches that Wells Fargo divested itself of are being sold to Home Savings and Loan of Los Angeles, which recently decided not to continue its affordable housing lending. In a community where affordable housing is vital to its stability, the decision of Home Savings and Loan is very disturbing.

SSU Censored Researchers: Latrice Babers, Jeffrey Fillmore

COMMENTS: According to Jake Lewis, who wrote the article for the Multinational Monitor, “Most (media) coverage was at the time of the merger announcements. (There was) virtually no tracking of the mergers and their effect on communities after the initial announcement stories.

“Clearly, the massive consolidation of financial resources will have an impact on availability of credit and banking services and fees. The public sees only the flashy PR claims of merger partners—-they need more information on what this means in the neighborhoods,” says Lewis.

“Banks want their claims of benefits to be the guiding news concerning mergers-they don’t want the public to be stirred by in-depth analysis of how the changes affect consumers, jobs, local economies, and banking prices.

“Bank consolidation and economic concentration is continuing ultimately changing the economic and political landscape of the nation. It ought to be covered now—not as a historical tome to be put together after the fact—and after it is too late to erect safeguards and limit the ill effects of economic concentration,” argues Lewis.

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