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Revealing News For a Better World

COVID Corruption Media Articles
Excerpts of Key COVID Corruption Media Articles in Major Media


Below are key excerpts of revealing news articles on COVID corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

For further exploration, delve into our comprehensive Coronavirus Information Center.


Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Ivermectin: Can a Drug Be "Right-Wing"?
2021-06-25, Matt Taibbi on Substack
https://taibbi.substack.com/p/ivermectin-can-a-drug-be-right-wing

At the bedside of a single Covid-19 patient who's already received the full official treatment protocol and is failing anyway, the decision to administer a drug like ivermectin, or fluvoxamine, or hydroxychloroquine, or any of a dozen other experimental treatments, seems like a no-brainer. Nothing else has worked, the patient is dying, why not? Telescope out a little further, however, and the ivermectin debate becomes more complicated, reaching into a series of thorny controversies, some ridiculous, some quite serious. The ridiculous side involves ... the censorship of ivermectin news. Anyone running a basic internet search on the topic will get a jumble of confusing results. YouTube's policies are beyond uneven. It's been aggressive in taking down videos ... and doling out strikes to independent media figures. Ivermectin has suffered the same fate as thousands of other news topics since Donald Trump first announced his run for the presidency nearly six years ago, cleaved in two to inhabit separate factual universes for left and right audiences. The drug has become a test case for a controversy that's long been building in health care, about how much input patients should have in their own treatment. Should people on their deathbeds be allowed to try anything to save themselves? That seems like an easy question to answer. Should the entire world be allowed to practice self-care on a grand scale? That's a different issue.

Note: Don't miss the entire article to see just how crazy the medical establishment has become in treating COVID. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


Military campaign to influence public opinion continued after defence chief shut it down
2021-06-24, CBC (Canada's public broadcasting system)
https://www.cbc.ca/news/politics/psychological-warfare-influence-campaign-can...

Portions of a military information campaign meant to influence the Canadian public during the COVID-19 pandemic continued to operate months after the chief of the defence staff at the time ordered it shut down in the spring of 2020. The Canadian military recently conducted four reviews of controversial initiatives. A copy of one of those reviews was obtained by CBC News under access to information legislation. That review shows that even after the then-chief of the defence staff, Jonathan Vance, verbally called off the overall influence campaign in April 2020, some influence activities aimed at Canadians carried on for another six months – until Vance issued a written edict in November 2020. The military deployed propaganda techniques in Canada without approval during the pandemic and gathered information about Canadians' online activities without permission from authorities. DND denies it has used psychological warfare techniques, honed during the Afghan war, on Canadians. But the line between psychological warfare and information operation campaigns has become increasingly blurry over the last few years. The review document obtained by CBC News says the Canadian Joint Operations Command (CJOC) ... "liberally interpreted" department policy. The unit decided it had the authority to conduct information operations on Canadians without government approval because it was asked by the government to help with the response to the pandemic.

Note: Learn more in this article titled, "Military leaders saw pandemic as unique opportunity to test propaganda techniques on Canadians, Forces report says." For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.


CDC safety group says there's a likely link between rare heart inflammation in young people after Covid shot
2021-06-23, CNBC News
https://www.cnbc.com/2021/06/23/cdc-reports-more-than-1200-cases-of-rare-hear...

A CDC safety group said there's a "likely association" between a rare heart inflammatory condition in adolescents and young adults mostly after they've received their second Covid-19 vaccine shot, citing the most recent data available. There have been more than 1,200 cases of a myocarditis or pericarditis mostly in people 30 and under who received Pfizer's or Moderna's Covid vaccine, according to a series of slide presentations published Wednesday for a meeting of the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices. Myocarditis is the inflammation of the heart muscle, while pericarditis is the inflammation of the membrane surrounding the heart. The agency said there have been 267 cases of myocarditis or pericarditis reported after receiving one dose of the mRNA vaccines and 827 reported cases after two doses through June 11. Roughly 300 million of the shots had been administered as of June 11. Men under 30 make up the bulk of the cases, the CDC said. Of the 295 people who have developed the condition and have been discharged, 79% of them have fully recovered. Nine people were hospitalized, with two in intensive care as of June 11. The CDC is coordinating its investigation with the Food and Drug Administration, which last month authorized the Pfizer-BioNTech vaccine for adolescents ages 12 to 15. Symptoms, which include chest pain and shortness of breath, typically develop within a week of receiving the shot with most developing within four days, the agency said.

Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.


Millions become millionaires during Covid pandemic
2021-06-23, BBC News
https://www.bbc.com/news/business-57575077

More than five million people became millionaires across the world in 2020 despite economic damage from the Covid-19 pandemic. While many poor people became poorer, the number of millionaires increased by 5.2 million to 56.1 million globally, Credit Suisse research found. In 2020, more than 1% of adults worldwide were millionaires for the first time. Wealth creation appeared to be "completely detached" from the economic woes of the pandemic. The number of ultra-high net worth individuals, usually defined as those having investable assets of more than $30m, grew by 24% worldwide in 2020, the fastest rate of increase since 2003. Credit Suisse said its total of the number of millionaires might be higher than other organizations' estimates because it included both investable and non-investable assets, such as owner-occupied homes. [Economist] Anthony Shorrocks ... said the pandemic had an "acute short-term impact on global markets", but added this was "largely reversed by the end of June 2020". "Global wealth not only held steady in the face of such turmoil, but in fact rapidly increased in the second half of the year," he said. However, wealth differences between adults widened in 2020, and Mr Shorrocks said if asset price increases, such as house price rises, were removed from the analysis, "then global household wealth may well have fallen". "In the lower wealth bands where financial assets are less prevalent, wealth has tended to stand still, or, in many cases, regressed," he said.

Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.


'Heartbreaking' conditions in US migrant child camp
2021-06-23, BBC News
https://www.bbc.com/news/world-us-canada-57561760

At a US border detention centre in the Texan desert, migrant children have been living in alarming conditions - where disease is rampant, food can be dangerous and there are reports of sexual abuse. The tented camp in the Fort Bliss military base in El Paso, Texas, is the temporary home for over 2,000 teenaged children who have crossed the US-Mexico border alone. A number of tents have also been set up just to accommodate the large numbers of sick children - the children have nicknamed it 'Covid city'. In addition to Covid, outbreaks of the flu and strep throat have also been reported since the camp opened in late March. And some children in need of urgent medical attention have been neglected. Photos and video smuggled out of the facility by staff and given to the BBC, show rows of flimsy bunks, set inches from each other, extending in long lines. There are reports of staff sexually abusing children at the Fort Bliss camp. At a camp training session, secretly recorded by a staff member and shared with the BBC, an employee voiced concern. "We have already caught staff with minors inappropriately," she said. Another employee told the BBC that the Department of Homeland Security (DHS) had spoken to staff about a rape. "DHS mentioned there was a rape - they are giving the girls pregnancy tests," she said. "And I heard the other night that another contractor was caught in a boys' tent, you know, doing things with him."

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and sexual abuse scandals from reliable major media sources.


Are Covid Vaccines Riskier Than Advertised?
2021-06-22, Wall Street Journal
https://www.wsj.com/articles/are-covid-vaccines-riskier-than-advertised-11624...

One remarkable aspect of the Covid-19 pandemic has been how often unpopular scientific ideas, from the lab-leak theory to the efficacy of masks, were initially dismissed, even ridiculed, only to resurface later. Another reversal in thinking may be imminent. Some scientists have raised concerns that the safety risks of Covid-19 vaccines have been underestimated. But the politics of vaccination has relegated their concerns to the outskirts of scientific thinking. The Vaccine Adverse Event Reporting System, or Vaers ... is a database that allows Americans to document adverse events that occur after receiving a vaccine. Vaers data for Covid-19 vaccines shows an interesting pattern. Among the 310 million Covid-19 vaccines administered, several adverse events are reported at high rates in the days immediately following vaccination, then drop sharply thereafter. The silence around these potential signals of harm reflects the policy surrounding Covid-19 vaccines. The stigma of such concerns is bad for scientific integrity and could harm patients. Four serious adverse events follow this arc, according to data directly from Vaers: low platelet count (thrombocytopenia); non-infectious myocarditis or inflammation of the heart, especially in those under 30; deep vein thrombosis. The implication is that the risks of a Covid-19 vaccine may outweigh the benefits for some low-risk populations, such as children, young adults, and people who have recovered from Covid-19.

Note: This article is also available here. Read a revealing article on how the WHO is flip flopping on the safety of vaccines for children. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.


UK scientist with links to Wuhan lab 'recuses himself' from inquiry into Covid origins
2021-06-22, The Telegraph (One of the UK's Leading Newspapers)
https://www.telegraph.co.uk/global-health/science-and-disease/uk-scientist-ce...

A controversial British-born scientist has recused himself from an inquiry into the origins of the Covid pandemic. Dr Peter Daszak, president of the US-based EcoHealth Alliance, has "recused himself" from the inquiry by leading medical journal the Lancet after he failed to declare ties to the Wuhan Laboratory of Virology, which was conducting research into coronavirus in bats. Dr Daszak was also a member of the WHO investigation into the source of the pandemic that issued its report earlier this year. In February 2020 Dr Daszak, who has strongly condemned any suggestion that the virus came from the institute, co-authored a letter published in the Lancet with 26 other experts "in support of scientists, public health professionals and medical professionals combating Covid-19 in China". Dr Daszak has worked closely with Shi Zhengli, known as "batwoman", who leads work into bat viruses at the institute. And the EcoHealth Alliance, which has been a world leader in the hunt for animal viruses, has channeled some of its funding towards the institute, which involved collecting samples from bats and people at risk of infection from bat viruses. That grant was stopped in April 2020 on the orders of then president Donald Trump but was reinstated later in the year. Before he recused himself from the Lancet commission, which is supported by the United Nations Sustainable Development Solutions Network, Dr Daszak was one of a 12-strong international team looking at the origins of the pandemic.

Note: Watch an excellent interview in which a former EcoHealth Alliance VP turned whistleblower reveals blatant law-breaking and lies committed by Peter Daszak and EcoHealth Alliance. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


Americans gave a record $471 billion to charity in 2020, amid concerns about the coronavirus pandemic, job losses and racial justice
2021-06-15, Yahoo! News
https://www.yahoo.com/now/americans-gave-record-471-billion-132113077.html

A flood of donations to support COVID-19 relief and racial justice efforts, coupled with stock market gains, led Americans to give a record US$471 billion to charity in 2020. The total donated to charity rose 3.8% from the prior year in inflation-adjusted terms, according to the latest annual Giving USA report from the Giving USA Foundation, released in partnership with the Indiana University Lilly Family School of Philanthropy at IUPUI. In contrast, total charitable giving only grew 2.8% in 2019 – a year of economic expansion and stock gains. As two of the lead researchers who produced this report, we observed that giving bucked historical trends in three ways. The total increased despite a recession; foundations' giving surged; and gifts to a variety of nonprofits providing social services, supporting people in need and protecting civil rights grew the most. Food banks, homeless shelters, youth programs and other organizations that meet basic needs, collectively known as human services groups, received an outpouring of support in 2020. Those donations grew 8.4%, in inflation-adjusted dollars, to $65 billion. This additional giving responded to the COVID-19 pandemic and the economic troubles it brought about, as well as broad calls for racial justice. Giving to public-society benefit organizations grew the most, a 14.3% increase to $48 billion. This broad category includes the United Way and its local branches, which pool donations raised in workplaces, from corporations and other sources.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


CDC plans "emergency meeting" on rare heart inflammation following COVID-19 vaccines
2021-06-14, CBS News
https://www.cbsnews.com/news/covid-19-vaccine-cdc-meeting-myocarditis-heart-i...

The CDC announced Thursday that it will convene a meeting of its advisers on June 18th to discuss rare but higher-than-expected reports of heart inflammation following doses of the mRNA-based Pfizer and Moderna COVID-19 vaccines. So far, the CDC has identified 226 reports that might meet the agency's "working case definition" of myocarditis and pericarditis following the shots, the agency disclosed Thursday. The CDC first described the panel's session as an "emergency meeting," but later changed it to merely a "COVID-19 meeting." Previous times the advisors convened to discuss the pandemic – like their May 12th gathering to mull recommendations for Pfizer's COVID-19 vaccine in adolescents – were also described as "emergency meetings." The new details about myocarditis and pericarditis emerged first in presentations to a panel of independent advisers for the Food and Drug Administration, who are meeting Thursday to discuss how the regulator should approach emergency use authorization for using COVID-19 vaccines in younger children. The CDC previously disclosed that reports of heart inflammation were detected mostly in younger men and teenage boys following their second dose, and that there was a "higher number of observed than expected" cases in 16- to 24-year-olds. "Risk-benefit considerations … will need to account for this information," [said] Dr. Marion Gruber, director of the FDA's vaccine office."

Note: What this article fails to mention is that for every case reported there are very likely many that go unreported. Explore a much more in-depth article on this. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.


Alameda County revises COVID-19 death count by 25%
2021-06-07, ABC News (San Francisco affiliate)
https://abc7news.com/covid-death-count-alameda-county-deaths-19-cases/10755419/

Alameda County has revised its COVID-19 death count, saying it over-counted more than 400 cases. As of Friday, the Alameda County Health department had reported 1,634 COVID-19 deaths, but later that day it was revised down to 1,223. According to the Health Department, the 25% decrease was made to comply with the state's definition of a COVID-19 death, which requires COVID-19 to be a direct or contributing factor or a situation in which it can't be ruled out. In a press release, Neetu Balram with the Alameda County Health Department wrote, "Alameda County previously included any person who died while infected with the virus in the total COVID-19 deaths for the county." As an example, Balram explained "a resident who had COVID-19 but died due to another cause, like a car accident ... would be included in the total number of reported COVID-19 deaths for Alameda County."

Note: Alameda County made the correction, yet how many other counties throughout the US have exaggerated their death figures in this way and not made the correction? And why would they have done that in the first place other than to inflate to figures to incite more fear? Read a revealing essay titled, "COVID Math Simply Doesn't Add Up." For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


Fauci's emails don't prove a Wuhan conspiracy, but raise further questions
2021-06-04, NBC News
https://www.nbcnews.com/news/us-news/fauci-s-emails-don-t-prove-wuhan-conspir...

It was Jan. 31, 2020, and a leading infectious disease expert, Kristian Andersen, had been examining the genetic characteristics of the newly emerging SARS-CoV virus. "Some of the features (potentially) look engineered," Andersen wrote in an email to Dr. Anthony Fauci, noting that he and other scientists "all find the genome inconsistent with expectations from evolutionary theory." Just four days later, Andersen gave feedback in advance of a National Academies of Sciences, Engineering, and Medicine letter that was referenced in the prestigious Lancet medical journal to argue against the idea that the virus had been engineered and brand it a conspiracy theory. In his email, Andersen called the ideas that the virus was engineered "crackpot theories," writing, "engineering can mean many things and could be done for basic research or nefarious reasons, but the data conclusively show that neither was done." That initial email ... was released to The Washington Post and BuzzFeed this week under the Freedom of Information Act. The U.S. government has since accused China of withholding significant information. And U.S. intelligence officials ... say the possibility that the virus leaked from a lab in Wuhan is one they have not ruled out, and continue to investigate. A fact sheet put out by the State Department at the end of the Trump administration in January – which was vetted by intelligence agencies and has not been disavowed by the Biden administration – says there is circumstantial evidence for a lab leak.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.


Beware of ‘expert' consensus. The covid-19 lab leak theory shows why.
2021-05-30, Washington Post
https://www.washingtonpost.com/opinions/2021/05/30/beware-expert-consensus-co...

People who believe the coronavirus was manufactured in a lab haven't been allowed to say so on Facebook since February – until Wednesday, that is, when Facebook announced it was lifting the ban. Presumably this has something to do with the wavering elite consensus on lab leaks. This consensus was never as monolithic as proponents claimed. But it did produce a Facebook ban and a lot of journalism dismissing the hypothesis as a well-debunked conspiracy theory. In one light, this is a happy scientific ending. Over time, with study, natural transmission looked less likely, and a lab accident somewhat more so. As the evidence changed, a previously hard-and-fast consensus became more open to other possibilities, as should be the case for any good scientific theory. But in another light, this story is a disaster. How did so many smart people come to believe, not just that a natural origin was much more likely than a lab leak – which is still, to be clear, the opinion of many scientists – but that a lab leak was basically an impossibility? Labs have leaked deadly viruses in the past. And a lab in the same city where the pandemic began happened to study bat coronaviruses and had a sample of this coronavirus's closest known relative, gathered from a cave hundreds of miles away. It's possible, and maybe even probable, that this was pure coincidence. But it is a hell of a coincidence, and it wasn't kooky to say so.

Note: Top officials were told not to explore the possibility that the virus escaped from the Wuhan Institute of Virology. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


Sweden's Export-Driven Economy Reaches Pre-Pandemic Level
2021-05-28, Bloomberg
https://www.bloomberg.com/news/articles/2021-05-28/sweden-s-export-driven-eco...

Sweden's economy returned to its pre-pandemic level in the first quarter as the recovery in the largest Nordic economy is outpacing most of its wealthy peers. The gross domestic product was unchanged in the first quarter from the year-earlier level, on a calendar-adjusted basis, according to the Stockholm-based statistics office. Like the rest of the Nordic region, Sweden has weathered the Covid crisis better than most thanks in large part to generous welfare systems and widespread digitalization that made working from home easier. Even as the 14-day infection rate is the highest in Europe, according to WHO, the government plans to go ahead with a gradual softening of Covid-restrictions starting next month. "Sweden is closing in at its pre-virus peak of activity quicker than most European countries, helped by a rebound in consumption and strong export growth. Data released on Thursday also showed overall confidence levels in the economy surged to an all-time high in April, in a surprise to economists.

Note: Sweden is doing better than the US and most of its European neighbors both economically and in number of deaths per million. Yet this article fails to mention that their government never required masks and had no lockdown even though they were hit hard by the virus in the beginning. The media and so many others were predicting Sweden would be a disaster. Could it be that masks and the lockdown were not as effective as many say? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


The media's big mistake on the covid-19 ‘lab leak' theory
2021-05-27, Washington Post
https://www.washingtonpost.com/opinions/2021/05/27/medias-dereliction-duty-la...

With evidence mounting that the coronavirus might have escaped from the Wuhan Institute of Virology, President Biden has reversed course and ordered the U.S. intelligence community to produce a report on the virus's origins within 90 days. Better late than never. For the past year, the media has scorned the idea of an accidental lab release as a far-flung conspiracy theory. In fact, it would have been an extraordinary coincidence for this virus to emerge in Wuhan – home to China's leading research laboratory studying bat coronaviruses – and have had no connection to the lab. Since April 2020 we have known that in 2018 U.S. diplomats warned of inadequate safety at the Wuhan lab. It turns out that [Anthony] Fauci's National Institute of Allergy and Infectious Diseases (NIAID) ... awarded a grant for studying bat coronavirus to the U.S.-based EcoHealth Alliance, which then subcontracted the research to the Wuhan lab. Fauci admits this, but insists that the money did not support gain of function research. But as Wade points out, that is exactly what the Wuhan institute was doing. Indeed, the grant proposals from Shi Zhengli – the "Bat Woman" at the Wuhan lab – which are a matter of public record specified that she planned to use the money for gain-of-function research. Fauci is on record supporting such research. And the NIAID was supporting research in Wuhan even though the U.S. government had placed a moratorium on gain of function research.

Note: Read more about the Wuhan Institute of Virology's risky research on bat coronaviruses. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


Why Billionaires Like Bill Gates Can't Fix the Problems They Helped Create
2021-05-25, New York Times
https://www.nytimes.com/2021/05/25/opinion/bill-melinda-gates-foundation.html

For years, the Gates Foundation has been steered by an unusually small board of trustees, made up of Bill, his estranged wife, Melinda, and the billionaire investor Warren Buffett. The larger the foundation became, the less anyone seemed willing to ask tough questions about its secretive management structure or its penchant for giving money to lucrative pharmaceutical and credit card companies such as Mastercard, despite the fact that giving away billions to wealthy corporations set an unusual and troubling precedent in the philanthropic sector. Billionaires who make their fortunes through corporate practices that undercut workers and deepen inequality – like corporate tax avoidance, insufficient sick pay and the immoral gap in pay between executives and low-paid workers – are not the solution to problems they generate. Asking Bill Gates to fix inequality is like asking an arsonist to hose down your house after he just set it on fire. In April last year, the University of Oxford was reportedly considering offering a Covid-19 vaccine developed by its scientists on a nonexclusive basis. But then, Kaiser Health News reported, "Oxford – urged on by the Bill & Melinda Gates Foundation – reversed course. It signed an exclusive vaccine deal with AstraZeneca that gave the pharmaceutical giant sole rights and no guarantee of low prices." This dealmaking .. seemed to conflict with the Gates Foundation's stated mission to improve global access to medicines, but it's not surprising.

Note: Read more about the Gates Foundation's startling degree of media influence during the pandemic. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the coronavirus vaccine from reliable major media sources.


C.D.C. Will Not Investigate Mild Infections in Vaccinated Americans
2021-05-25, New York Times
https://www.nytimes.com/2021/05/25/health/cdc-coronavirus-infections-vaccine....

No vaccine provides perfect protection, and so-called breakthrough infections after coronavirus vaccination are rare. Federal health officials have told fully vaccinated people they no longer need to wear masks or maintain social distance because they are protected, nor do they need to be tested or quarantine after an exposure, unless they develop symptoms. Now, the Centers for Disease Control and Prevention has stopped investigating breakthrough infections among fully vaccinated people unless they become so sick that they are hospitalized or die. Earlier this year, the agency was monitoring all cases. Through the end of April, when some 101 million Americans had been vaccinated, the C.D.C. had received 10,262 reports of breakthrough infections from 46 states and territories, a number that was very likely "a substantial undercount," according to a C.D.C. report. On May 1, the agency decided to investigate only the most severe breakthrough infection cases, while still collecting voluntary reports on breakthrough cases from state and local health departments. The agency will carry out vaccine effectiveness studies that include data on breakthrough cases, but only in limited populations, such as health care workers and essential workers, older adults, and residents at long-term care facilities. But even relatively mild cases of Covid-19 can lead to persistent long-term health problems, and it will be difficult to know the full scope without tracking mild infections as well.

Note: This is a convenient way to make it look like case numbers are dropping more than they actually are, which makes the vaccines look more effective than they really are. Learn more on how the CDC is manipulating case figures in this article. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus vaccine from reliable major media sources.


The billionaire boom: how the super-rich soaked up Covid cash
2021-05-23, Financial Times
https://www.ft.com/content/747a76dd-f018-4d0d-a9f3-4069bf2f5a93

Easy money pouring out of central banks is a key driver behind this surge in fortunes, and the resulting wealth inequality. In recent decades, as the global population of billionaires rose more than fivefold and the largest fortunes rocketed past $100 billion, I started tracking this wealth. Rising inequality was threatening to provoke popular backlashes against capitalism itself. The pandemic has reinforced this trend. As the virus spread, central banks injected $9 trillion into economies worldwide, aiming to keep growth alive. Much of that stimulus went into financial markets, and from there into the net worth of the ultra-rich. The total wealth of billionaires worldwide rose by $5 trillion to $13 trillion in 12 months, the most dramatic surge ever registered on the annual list compiled by Forbes magazine. The billionaire population boomed as well. On the 2021 Forbes list, which runs to April 6, their numbers rose nearly 700 to more than 2,700. The biggest surge came in China, which added 238 billionaires – one every 36 hours – for a total of 626. Next came the US, which added 110 for a total of 724. India added 38 for a total of 140, and has surpassed Russia for the third largest population of billionaires in the world. The fundamental driver of the market and thus the billionaire boom: easy money pouring out of central banks. Wealth inequality is likely to continue widening until the monetary spigots are turned off.

Note: If you can't access this article on the FT website, go to this webpage. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and income inequality from reliable major media sources.


The 'most vaccinated country in the world' is seeing a COVID outbreak
2021-05-22, San Francisco Chronicle (San Francisco's leading newspaper)
https://www.sfchronicle.com/local/article/The-most-vaccinated-country-in-the-...

Over the past two weeks, Seychelles – which has been dubbed "the most vaccinated country in the world" – has seen a spike in coronavirus cases, causing alarm. The archipelago in the Indian Ocean, with a population of about 98,000, has fully vaccinated more than 60% of its population, but it's also seen its number of active COVID-19 cases nearly double over the past month. The country has closed schools and canceled activities to attempt to curb the spread. Though Seychelles has been called the world's "most vaccinated country," not all vaccines are created equal. The country used two vaccines to inoculate its population – Sinopharm, a Chinese state-owned vaccine, and Covishield, a version of the AstraZeneca vaccine, both of which have not been proven to be as effective as the Pfizer-BioNTec and Moderna vaccines. Just last week, the WHO expressed "very low confidence" in data provided by Sinopharm around its risk of severe side effects. Recent clinical trial data found the vaccine was about 78.1% effective after two doses, but the Seychelles outbreak could suggest that the efficacy is less than that. Places like Seychelles also didn't see huge COVID surges earlier in the pandemic, and have lower levels of natural immunity in their communities. Chile is another example of a country with a high vaccination rate that now is seeing a spike in COVID-19 cases. Its number of new daily cases nearly doubled in April from the prior month, even though the country has vaccinated more than 45% of its population.

Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus vaccine from reliable major media sources.


Covid vaccine profits mint 9 new pharma billionaires
2021-05-21, MSN News
https://www.msn.com/en-us/news/world/covid-vaccine-profits-mint-9-new-pharma-...

Covid-19 vaccines have created at least nine new billionaires after shares in companies producing the shots soared. Topping the list of new billionaires are Moderna CEO StÄ‚©phane Bancel and Ugur Sahin, the CEO of BioNTech, which has produced a vaccine with Pfizer. Both CEOs are now worth around $4 billion, according to an analysis by the People's Vaccine Alliance, a campaign group that includes Oxfam, UNAIDS, Global Justice Now and Amnesty International. Senior executives from China's CanSino Biologics and early investors in Moderna have also become billionaires on paper as shares skyrocketed. Moderna's share price has gained more than 700% since February 2020, while BioNTech has surged 600%. CanSino Biologics' stock is up about 440% over the same period. The company's single-dose Covid-19 vaccine was approved for use in China in February. Activists said the wealth generation highlighted the stark inequality that has resulted from the pandemic. The nine new billionaires are worth a combined $19.3 billion, enough to fully vaccinate some 780 million people in low-income countries. "These billionaires are the human face of the huge profits many pharmaceutical corporations are making from the monopoly they hold on these vaccines," Anne Marriott, Oxfam's health policy manager, said. "These vaccines were funded by public money and should be first and foremost a global public good, not a private profit opportunity," she added.

Note: You would hope that with all the suffering going on in our world, big Pharma wouldn't gouge and make huge profits on their vaccines. Sadly, this is far from the truth. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and the coronavirus vaccine from reliable major media sources.


Buoyed by Federal Covid Aid, Big Hospital Chains Buy Up Competitors
2021-05-21, New York Times
https://www.nytimes.com/2021/05/21/health/covid-bailout-hospital-merger.html

Billions of dollars in Covid aid cushioned financial losses caused by the pandemic at some of the nation's largest hospital chains. But those bailouts also helped sustain the big chains' spending sprees as they expanded even more by scooping up weakened competitors and doctors' practices. More consolidation by several major hospital systems enhanced their market prowess in many regions of the United States, even as rural hospitals and underserved communities were overwhelmed with Covid patients and struggled to stay afloat. The buying spree is likely to prompt further debate and scrutiny of the Provider Relief Fund, a package of $178 billion in congressional aid that drew sharp criticism early on for allocating so much to the wealthiest hospital systems, and that had no limits on mergers and acquisitions. "It was not the intent to be a capital infusion to the largest and most financially stable providers to allow them to simply grow their slice of market share," said Representative Katie Porter. Major employers had warned Congress that bailouts to the health care industry could spur even more consolidation and lead to price-gouging in medical care. Some of the nation's most powerful hospital chains, experts cautioned, would take advantage of the crisis, resulting in even higher prices for medical care. The big well-resourced hospitals had, frankly, a banner year, and they are now in a position to swallow up these smaller, more vulnerable groups.

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