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Our nonprofit news service provides quality news feeds and review tools to help people make more informed decisions as citizens.
NewsTrust.net features a daily feed of news and opinions from mainstream and independent sources, based on ratings from our reviewers. Our web review tools enable people to rate stories for facts, fairness, context and other core journalistic principles — and become more discriminating news consumers in the process.
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January 29 2012
Former Fed Boss Herman Cain Delivers Tea Party Flock to Newt Gingrich
infowars.com - Jan. 29 (News) - Kurt Nimmo | Mention that Cain and Gingrich are anathema to the original Tea Party movement is nowhere to be found.
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January 28 2012
NOVO: Gingrich was a lobbyist
infowars.com - Jan. 28 (News) - politiken.dk | Documents from Novo Nordisk show that the Danish company Novo saw Newt Gingrich as a lobbyist.
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How to prevent war with Iran
thebulletin.org - By Joshua Pollock - Jan. 28 (Special Report) - As Israel attempts to disrupt Iran's nuclear ambitions and the United States enforces sanctions against the state, Iran calls for revenge. What needs to be done to avert war? Steps Israel, the United States, and Iran should -- and should not --take.
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Panel: Start now to replace Nevada nuke site
tri-cityherald.com - By Matthew Daly - Jan. 28 (News Report) - The Union of Concerned Scientists said construction of an interim storage facility for nuclear waste poses a stiff political challenge and could distract from the more important goal of finding a permanent repository site.
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January 27 2012
Video Leaked Showing Rand Paul’s Run In With TSA
infowars.com - Jan. 27 (News) - Steve Watson | Critics say it proves Senator wasn't being detained.
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Obama Accused of Contempt of Court in ‘Birther’ Hearing
infowars.com - Jan. 27 (News) - Why does'nt a US Marshall arrest the Brittish Slave Obama? Because a criminal Govt dont go after its head mafioso 1776 "V"
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Breaking: LAX FEMA Rendition Site Confirmed
infowars.com - Jan. 27 (News) - Infowars.com | Alex presents newly exposed footage filmed at LAX airport in Los Angeles confirming a 'rendition hub' capable of processing thousands of people per hour.
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Jon Stewart Rips Newt Gingrich Moon Colony: He Wants To Be 'Lunar Trump' (VIDEO)
Huffington Post - By Jon Stewart - Jan. 27 (Comedy News) - Before even seeing the epic "Moon plans" portion of last night's CNN debate, Jon Stewart dedicated a segment on his Thursday night show to frontrunner Newt Gingrich's mission to have a permanent base on the moon.
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January 26 2012
Antitrust Official Gets Stampeded By Big Beef
All Things Considered - Jan. 26 - President Obama's appointee for antitrust issues in the meat industry wanted to give cattlemen more clout against big meatpackers. But he's quitting his job on Thursday. His reform efforts ran into fierce opposition from the country's packers and big cattle producers.
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Assange takes chat-show job with state-funded Russian TV
The Independent - By Shaun Walker - Jan. 26 (News Report) - A TV channel funded by Kremlin will air a chat show hosted by the WikiLeaks founder Julian Assange, in an unlikely collaboration announced yesterday. Russia Today, which broadcasts from Moscow in English, said that the programme will be written and hoste
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Daily Kos: Mitt Romney's Bain Capital 'earned' $342 million by bankrupting a company and firing 850 Floridians
Daily Kos - Jan. 26 (News) - How dare anybody question how Mitt Romney earned the money he's invested in the Caymans! Via McKay Coppins , you can add The Miami Herald to the list of people and organizations who Mitt Romney says are attacking free enterprise. That's because today's edition takes a look at how Bain Capital "earned" $342 million from investing $30 million in the acquisition of medical technology firm named Dade International. Despite profiting by hundreds of millions of dollars from the deal, Romney's company led Dade to bankruptcy, laying off thousands of workers throughout the country—including 850 in Miami alone. The Herald's story focuses on the impacts of Bain's business practices on Florida, but it's worth going back to this The New York Times article from November. According to The Times , Bain led a group of investors who acquired the company for $450 million in 1994. Bain's share of the price tag: $30 million. Then: By 1998, Mr. Romney and his restless colleagues at Bain began looking for a way to cash out of the firm’s investment in Dade. A hefty offer arrived. Kohlberg Kravis Roberts & Company, a rival buyout firm, proposed buying Dade Behring for $1.9 billion, according to documents filed in the bankruptcy case. But Bain executives rejected it, disappointed by the price, the documents indicate. Bain settled on a common tactic in private equity: In April 1999, it pushed Dade to borrow hundreds of millions of dollars to buy half of Bain’s shares in the company — and half of those of its investment partners. Bain pocketed the $242 million. Goldman received $121 million. Top Dade executives got $55 million, records show. The total payout to shareholders reached $420 million — nearly as much as the purchase price for Dade. In addition to the $242 million, Bain took $100 million in management fees for running the company. But despite their $342 million payday, Bain led Dade directly into bankruptcy: The strategy of sharply increasing Dade’s debt alarmed several executives. Mr. Garrett, the former chief executive of Dade who stood to gain from the transaction, said he had argued unsuccessfully against it. “It was too aggressive,” Mr. Garrett said. “It was done right up to the limit of what the company could borrow.” With the amount of money that Dade owed to creditors and vendors at nearly $2 billion, some executives worried that the company would have little maneuvering room if its financial situation suddenly deteriorated. Soon enough, it did. Interest rates rose, increasing Dade’s debt payments. The value of the euro, then a new currency, slid, reducing Dade’s European revenue. And a new distribution center had unexpected delays. Creditors, unsettled by deteriorating finances and high debts, began to pounce. More layoffs followed. And in August of 2002, Dade filed for bankruptcy protection. Bain ultimately relinquished its ownership claim, but it had already taken $342 million out of company, an 11-fold return on its $30 million investment in less than eight years. Fortunately, the bankruptcy didn't destroy the company, which emerged from bankruptcy and has prospered since Bain gave up its ownership stake. But even though Dade is now a successful company, its success comes despite Bain Capital—not because of it. Obviously, the story is timely because of the upcoming Florida primary and the fact that nearly one thousand Floridians lost their jobs as Bain bankrupted the firm, but if Romney gets the nomination, it won't simply fade away. Perhaps he can convince Republicans that questioning how he managed to "earn" $342 million while bankrupting a company is the same thing as assaulting free enterprise, but he won't be able to convince Americans of that. And given that Mitt Romney cites his private sector experience as the number one reason why he should be president, that's a big problem for Mitt Romney to have.
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Corruption Scandal Rocks Vatican, Whistle Blower Archbishop Vigano Was Transfered Against His Will
Huffington Post - Jan. 26 (News Report) - The Vatican was shaken by a corruption scandal Thursday after an Italian television investigation said a former top official had been transferred against his will after complaining about irregularities in awarding contracts. The show "The Untouchables" o
NewsTrust Rating: 4.1 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer
Maddow Explodes At PolitiFact
Huffington Post - By Rachel Maddow - Jan. 26 (News Analysis) - Rachel Maddow lit into controversial fact-checking outfit PolitiFact with notable fury on her Wednesday show, hammering the organization for a series of statements it made...
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No Democrat Should Want Gingrich Nominated
readersupportednews.org - By Robert Reich - Jan. 26 (Opinion) - no responsible Democrat should be pleased at the prospect that Gingrich could get the GOP nomination. The future of America is too important to accept even a small risk of a Gingrich presidency.
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Ford may post best year since 1998
Louisville Courier-Journal - By Bloomberg News - Jan. 26 (News Report) - Ford Motor Co., boosted by a one-time tax gain, may report its most profitable year since 1998, while weakness in Europe and Asia cut fourth-quarter earnings.
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STUDY: The Press And The Pipeline
Media Matters - By Jfk, Jnf - Jan. 26 (Special Report) - A Media Matters analysis shows that as a whole, news coverage of the Keystone XL pipeline between August 1 and December 31 favored pipeline proponents. Although the project would create few long-term employment opportunities, the pipeline was primarily portrayed as a jobs issue.
NewsTrust Rating: 4.1 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer
Op-Ed Columnist: Jobs, Jobs and Cars
New York Times - By Paul Krugman - Jan. 26 (Opinion) - Gov. Mitch Daniels got so much wrong in his reply to the president State of the Union address. To really create jobs, it takes a cluster, not just heroes.
NewsTrust Rating: 4.0 average - 4 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer
Iraqis Voice Outrage as Haditha Massacre Trial Ends In No Jail Time for Accused U.S. Marines
Democracy Now - By Amy Goodman - Jan. 26 (News Report) - The last of the U.S. marines charged in the 2005 Haditha massacre of 24 Iraqi civilians, Staff Sergeant Frank Wuterich, received no jail time after he pleaded guilty to dereliction of duty and avoiding charges of involuntary manslaughter. Under his sentencing, Wuterich now faces a maximum penalty of a demotion to the rank of private. The victims, including women and children, were killed when the marines burst into their homes and shot them dead in their nightclothes. Wuterich allegedly led the Haditha massacre and was the last defendant to face charges. Six other marines have had their charges dropped or dismissed, while another soldier was acquitted. "[Iraqi] outrage is perfectly understandable," says Tim McGirk, the Time magazine reporter who broke the story on the Haditha massacre. "Here is a case where so many Iraqis were killed, women and children, old men, and yet, what's happened? Most of the charges have been dismissed, and Wuterich was basically given a slap on the wrist." [includes rush transcript]
NewsTrust Rating: 4.2 average - 3 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer
January 25 2012
Boehner invites pipeline pals to State o’ Union
Grist - By Scott Rosenberg - Jan. 25 - As the camera pans around the Capitol chamber for President Obama’s State of the Union address, see if you can spot the representatives from the state of Oil: four avid supporters of the Keystone XL Pipeline who will attend the speech as the guests of Ho
NewsTrust Rating: 3.5 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer
In State of the Union, Obama to warn economic unfairness threatens middle class - Washington Post
Washington Post - By Scott Wilson, David Nakamura - Jan. 25 (News Report) - President Obama will warn the nation Tuesday evening that the decades-old promise of a secure and rising middle class is threatened by economic unfairness as he delivers an election-year State of the Union message ...Obama Speech to Make Pitch for Economic Fairness
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