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Revealing News For a Better World

COVID Corruption News Stories
Excerpts of Key COVID Corruption News Stories 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: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


This is the hard-to-swallow truth about a future coronavirus vaccine
2020-05-20, The Independent (One of the UK's leading newspapers)
Posted: 2020-11-22 23:49:28
https://www.independent.co.uk/voices/coronavirus-vaccine-covid-19-cure-doctor...

When pharmaceutical company Moderna issued a press release about the promising results of its Phase I clinical trial for a coronavirus vaccine, the media and the markets went wild. Upon examining Moderna's non-peer reviewed press release, the actual data on the vaccine's success is ... flimsy. Of the 45 patients who received the vaccine, the data on "neutralising antibody data are available only for the first four participants in each of the 25-microgram and 100-microgram dose level cohorts." In other words, that means that when it comes to finding out whether the vaccine elicits an antibody response that could potentially fight the coronavirus, they only had data on eight patients. That's not enough to do any type of statistical analysis and it also brings into question the status of the other 37 patients who also received the vaccine. Moderna's messenger RNA vaccine ... uses a sequence of genetic RNA material produced in a lab that, when injected into your body, must invade your cells and hijack your cells' protein-making machinery called ribosomes to produce the viral components that subsequently train your immune system to fight the virus. There are unique and unknown risks to messenger RNA vaccines, including the possibility that they generate strong type I interferon responses that could lead to inflammation and autoimmune conditions. Messenger RNA vaccines have never before been brought to market for human patients.

Note: To learn about the serious risks and dangers of these mRNA vaccines, don't miss the vitally important information given by Christiane Northrup, MD, in the first five minutes of this highly revealing video. Reader's Digest named Dr. Northrup one of "The 100 Most Trusted People in America." Dr. Northrup's work has been featured on The Oprah Winfrey Show, the Today Show, NBC Nightly News, Good Morning America, 20/20, and The Dr. Oz Show. For more, see concise summaries of revealing news articles on the coronavirus and vaccines from major media sources.


From lockdowns to Dr. Fauci: Here's how President-elect Joe Biden plans to fight the coronavirus pandemic
2020-11-09, CNBC News
Posted: 2020-11-22 23:47:05
https://www.cnbc.com/2020/11/05/coronavirus-this-is-how-joe-biden-plans-to-fi...

The U.S. can expect increased Covid-19 testing, a national mask policy and the possibility of nationwide lockdowns once President-elect Joe Biden takes office Jan. 20. The Biden-Harris campaign laid out a step-by-step plan for addressing the coronavirus pandemic that includes more testing, increasing use of the Defense Production Act to make protective equipment for frontline workers and restoring the U.S. relationship with the World Health Organization. On top of that, Biden says he would establish a U.S. public health jobs corps to "mobilize at least 100,000 Americans across the country" to support contact tracing efforts. Biden has called for national mask requirements, though experts say it's unclear how that would be executed. In an Oct. 23 speech, Biden said he would " go to every governor and urge them to mandate mask wearing in their states." And if that doesn't work, Biden said he would turn to mayors and county executives to institute local mandates. Masks would be required in all federal buildings and interstate transportation systems. Biden would also direct the CDC to provide communities with evidence-based guidance on when to close some business or schools depending on the degree of viral spread. The CDC would be empowered to guide states when to place appropriate restrictions on gathering sizes and when to issue stay-at-home orders.

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


Pfizer CEO Sold Millions In Stock After Coronavirus Vaccine News, Raising Questions
2020-11-11, NPR
Posted: 2020-11-22 23:45:18
https://www.npr.org/2020/11/11/933957580/pfizer-ceo-sold-millions-in-stock-af...

The chairman and CEO of Pfizer, Albert Bourla, sold $5.6 million worth of stock in the pharmaceutical company on Monday. The sale took place on the same day Pfizer announced that its experimental coronavirus vaccine candidate was found to be more than 90% effective. Bourla's sale of Pfizer stock was part of a trading plan set months in advance. Known as 10b5-1 plans, they essentially put stock trades on autopilot. Executives are supposed to adopt these plans only when they are not in possession of inside information that can affect a company's stock price. On Aug. 19, Bourla implemented his stock-trading plan. The next day, Aug. 20, Pfizer issued a press release ... confirming that Pfizer and its German partner, BioNTech, were "on track to seek regulatory review" for its vaccine candidate. Daniel Taylor, an expert in insider trading ... told NPR that the close timing between the adoption of Bourla's stock plan and the press release looked "very suspicious." "It's wholly inappropriate for executives at pharmaceutical companies to be implementing or modifying 10b5-1 plans the business day before they announce data or results from drug trials," Taylor said. The stock sales by Pfizer's CEO brought to mind similar concerns with another coronavirus vaccine-maker, Moderna. Multiple executives at Moderna adopted or modified their stock-trading plans just before key announcements about the company's vaccine. Those executives have sold tens of millions of dollars in Moderna stock.

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


Moderna executives hiked their stock sales after announcing positive vaccine trial
2020-07-21, CBS News
Posted: 2020-11-22 23:43:33
https://www.cbsnews.com/news/moderna-executives-increased-stock-sales-after-c...

Moderna CEO StÄ‚©phane Bancel more than tripled the number of his company shares to be sold through an executive stock plan that was changed just days after the biotech in May announced positive early results for its coronavirus vaccine. Moderna's shares spiked on the May news, rising 30% in just one day. After seeking the executive stock plan change in May, Bancel sold more than 72,000 Moderna shares in the first 16 days of July, generating nearly $4.8 million for the executive. That was more than triple the 22,000 shares he had previously scheduled to sell during the same period through the company's executive trading plan. Another top Moderna executive, President Stephen Hoge, also had his pre-programmed executive trading plan reset around the same time. The change allowed him to sell $1.9 million worth of Moderna stock in the first two weeks of July. The executives' ... sales were made through what are known as 10b5-1 stock plans. These arrangements must be set up or amended at least 30 days before any transactions are executed; they are commonly used at publicly traded companies to help shield executives from potential claims of insider trading. The fact that the plans were changed during the pandemic as news was emerging about the company's closely watched coronavirus vaccine raises new questions about how Moderna executives have pocketed millions of dollars in recent months.

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


COVID-19 devastated California's small businesses. Here are three that didn't survive
2020-10-29, Los Angeles Times
Posted: 2020-11-16 01:30:33
https://www.latimes.com/business/story/2020-10-29/coronavirus-pandemic-small-...

After the COVID-19 pandemic forced nonessential businesses to temporarily shut down across Southern California, the Los Angeles Times invited readers to send in the names of businesses in their areas that had failed as a result. [#1] The Awesome Playground was in the first wave of Los Angeles businesses to close as a result of the pandemic, shutting its doors in March. Owner Kay Osorio opened the Awesome Playground in Highland Park 10 years ago. But when the coronavirus crisis began making headlines in Southern California, Osorio knew immediately it could have a devastating effect on her business. Unlike other businesses that have been able to pivot to outdoor-only or remote offerings, "we couldn't come up with another way to deliver our service." [#2] Sasha Jones had just one day in late July to clear out Cuties Coffee before its lease was taken over. "I got an email late Thursday afternoon, like, we need to get what we can out tomorrow, Friday," the Cuties CEO said. For weeks, the threat of closure had loomed over the LGBTQ-owned and -operated coffee shop. Since the closure of the coffee shop, Cuties is continuing to operate without a physical space. [#3] When Alan Abdo negotiated with his landlord to end the lease for Olive Tree Restaurant, he remembers saying, "I can't close fast enough. I'm losing money by the minute." Olive Tree was a thriving, well-known Middle Eastern restaurant in Anaheim right up until the enforced business closures began.

Note: Small businesses have been devastated worldwide by the lockdown, yet most large corporations are thriving and the billionaires are making money hand over fist. So who is really benefitting from these lockdown measures? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


Covid-19 vaccines may have potentially unpleasant side effects
2020-11-12, NBC News/Kaiser Health News
Posted: 2020-11-13 22:14:16
https://www.nbcnews.com/health/health-news/covid-19-vaccines-may-have-potenti...

Pfizer is expected to seek federal permission to release its Covid-19 vaccine by the end of November. The vaccine, and likely most others, will require two doses to work, injections that must be given weeks apart. The shots will cause enervating flu-like side effects – including sore arms, muscle aches and fever – that could last days and temporarily sideline some people from work or school. And even if a vaccine proves 90 percent effective ... 1 in 10 recipients would still be vulnerable. That means, at least in the short term, as population-level immunity grows, people can't stop social distancing and throw away their masks. Left out so far ... has been a large-scale plan to communicate effectively about those issues in advance, said Saad Omer, director of the Yale Institute for Global Health. Such broad-based outreach will be necessary in a country where, as of mid-October, only half of Americans said they'd be willing to get a Covid-19 vaccine. "We are asking people to take a vaccine that is going to hurt," said Dr. William Schaffner, a professor of preventive medicine and health policy at Vanderbilt. "There are lots of sore arms and substantial numbers of people who feel crummy, with headaches and muscle pain, for a day or two." Persuading people who experience those symptoms to return in three to four weeks for a second dose – and a second round of flu-like symptoms – could be a tough sell, Schaffner said. A professor of internal medicine and epidemiology at University of Iowa [suggested] that essential workers should be granted three days of paid leave after they're vaccinated.

Important Note: Learn about the serious dangers of these mRNA vaccines through the vitally important information given by Christiane Northrup, MD, in the first five minutes of this revealing video. Dr. Northrup's work has been featured on NBC Nightly News, Good Morning America, Oprah, Dr. Oz, and more. And an informative article in the UK's Independent by another medical doctor states, "There are unique and unknown risks to messenger RNA vaccines, including the possibility that they ... could lead to inflammation and autoimmune conditions."


Trump Sets Up Pharma Billionaires for Coronavirus Payday
2020-10-23, The Intercept
Posted: 2020-11-01 23:11:25
https://theintercept.com/2020/10/23/trump-covid-19-pharma-regeneron-coronavir...

The development of the antibody cocktail used to treat President Donald Trump for Covid-19 – which he heralded as a cure for the disease – was funded largely by the U.S. government, yet the Trump administration has apparently failed to set any guarantees that the treatment would be affordable. The biopharmaceutical company Regeneron, led by the two highest paid executives in the industry, received hundreds of millions in public funds during the research and development of the antibody therapy, and now stands to make a killing from its potentially lifesaving treatment. In January ... Regeneron struck an agreement with a division of Department of Health and Human Services known as the Biomedical Advanced Research and Development Authority, or BARDA, to receive up to $81 million for work on antibodies that would prevent Covid-19 from infecting cells by attaching to the spikes on its surface. The two antibodies Regeneron chose were developed using cell lines that were derived from the kidney tissue of an aborted fetus. The January contract [lacks] a standard clause that ensures interventions developed with government funding are available to the public "on reasonable terms." While Trump promised that the government would provide the antibody cocktail to Americans for free, drug pricing efforts say that many people probably won't have access to the treatment at all, let alone at an affordable price. "You have massive public investment, but ... it doesn't benefit public health," [said drug pricing expert Zain Rizvi].

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


How the Pandemic Is Affecting What Babies and Toddlers Learn
2020-10-14, New York Times
Posted: 2020-10-27 19:45:12
https://www.nytimes.com/2020/10/14/education/learning/babies-toddlers-pandemi...

With all the talk of remote learning for secondary schools and colleges, one important population is missing from the nationwide conversation about learning during the pandemic: babies and toddlers. Many parents are keeping their little ones away from playgrounds, playgroups and preschool preparatory programs. As a result, the social and learning opportunities for the youngest children have been curtailed, just like everyone else's Without group settings, "we are missing a lot of observations, so there is going to be a whole raft of problems," said Patricia K. Kuhl ... at the University of Washington. That's partly because group settings like day care, classrooms and even playgrounds are often where adults notice, sometimes by comparing children with their peers, that little ones have sensory, motor, cognitive and learning problems that can benefit from early interventions. To encourage the sense of discovery and the "problem solving, turn-taking and perspective-taking" that comes from situations like "navigating that playground moment of when you are going up a slide, and another kid wants to come down the slide," [psychologist Aliza W. Pressman] advises letting children play in an undirected manner. That may mean allowing children "to use garages, backyards, basements or attics to find opportunities for exploring," Dr. Pressman said. If children encounter obstacles, allow them to work things out. That includes conflicts with siblings, though "if you do need to jump in, help them communicate with each other," she said.

Note: Children around the world have been told to keep at least six feet away from their friends and they have to wear a mask if they leave home. They can no longer play and explore freely with their friends or even see their smiles. How does this affect their mental, emotional, and spiritual health? How do you think those who are only children with no playmates are faring? How will this impact this entire generation of children growing up now? For more along these lines, see revealing news articles on the coronavirus from reliable major media sources.


The Captain of Operation Warp Speed
2020-10-19, Wall Street Journal
Posted: 2020-10-27 19:43:31
https://www.wsj.com/articles/the-captain-of-operation-warp-speed-11602278486

Previous vaccines have taken a decade or more to develop, and more than half of the past 20 years have failed in clinical trials. However, four [COVID-19] vaccine candidates have entered the final phase of clinical trials prior to approval by the Food and Drug Administration. Operation Warp Speed ... organized government agencies and private companies with the goal of developing, manufacturing and distributing hundreds of millions of vaccine doses, with starting doses to be available by early 2021. At the head of the operation is Moncef Slaoui, a Moroccan-born Belgian-American scientist. Operation Warp Speed … has invested in six vaccine candidates (Moderna, Pfizer / BioNTech, Johnson & Johnson, AstraZeneca, Novavax, and Sanofi / GSK) with the hope that at least one ... will prove safe and effective in clinical trials. Four of the six vaccine candidates have already been shown to be safe and effective in the first two test phases, which test whether the vaccinations produce so-called neutralizing antibodies. Serious health problems regularly arise during vaccination attempts. "We know how to distribute vaccines to any location in the US," says Slaoui. "It happens every year for flu and shingles." Tracking systems need to be "incredibly precise" to ensure that patients are each given two doses of the same vaccine and to monitor them for adverse health effects. Operation Warp Speed … has selected medical distributor McKesson and cloud operators Google and Oracle to collect and track vaccine data.

Note: The above article is also available here. Don't miss this excellent article which raises many important questions about this operation. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and vaccines from reliable major media sources.


WHO condemn lockdowns and say they 'only make poor people poorer'
2020-10-12, MSN News
Posted: 2020-10-19 17:12:07
https://www.msn.com/en-ie/health/medical/who-condemn-lockdowns-and-say-they-o...

A COVID-19 envoy appointed by Director-General of the World Health Organisation (WHO) Dr Tedros Adhanom Ghebreyesus has appealed to world leaders to stop resorting to lockdown to control the pandemic. Dr David Nabarro, who has spent his career working for the WHO and the United Nations (UN), seems to have marked a departure from the global health body's early stance on the COVID-19 pandemic, warning about the economic and social consequences of lockdown as a means of controlling the spread of the disease. On Sunday, Dr Nabarro appealed to world leaders to stop "using lockdowns as your primary control method", insisting that such drastic measures can have a dire impact on global poverty rates. The British doctor stated: "We in the World Health Organisation do not advocate lockdowns as the primary means of control of this virus. The only time we believe a lockdown is justified is to buy you time to reorganise, regroup, rebalance your resources, protect your health workers who are exhausted, but by and large, we'd rather not do it." Dr Nabarro went on to say that developing economies had been indirectly affected by lockdown measures, adding: "Look what's happened to smallholder farmers all over the world -- look what's happening to poverty levels. "It seems that we may well have a doubling of world poverty by next year. We may well have at least a doubling of child malnutrition. Lockdowns just have one consequence that you must never ever belittle, and that is making poor people an awful lot poorer."

Note: Strangely, this article has been removed from the MSN website. Even the copy at archive.org shows for a minute and then disappears. The full, revealing article can still be found on 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.


COVID-19 Linked Hunger Could Cause More Deaths Than The Disease Itself, New Report Finds
2020-07-09, Time Magazine
Posted: 2020-10-19 17:10:06
https://time.com/5864803/oxfam-hunger-covid-19/

Disruption to food production and supplies due to COVID-19 could cause more deaths from starvation than the disease itself, according to an Oxfam report. The report found that 121 million more people could be “pushed to the brink of starvation this year” as a result of disruption to food production and supplies, diminishing aid as well as mass unemployment. The report estimates that COVID-19 related hunger could cause 12,000 deaths per day: the peak global mortality rate for COVID-19 in April was 10,000 deaths per day. “COVID-19 is the last straw for millions of people already struggling with the impacts of conflict, climate change, inequality and a broken food system that has impoverished millions of food producers and workers,” said Oxfam’s Interim Executive Director Chema Vera. Oxfam says Yemen, Democratic Republic of Congo (DRC), Afghanistan, Venezuela, the West African Sahel, Ethiopia, Sudan, South Sudan, Syria, and Haiti are “extreme hunger hotspots” that are likely to be severely affected by the pandemic. Women, who also make up a significant portion of informal workers, are more likely to have been severely affected by lockdown measures. The report notes that there are enough funds globally to address starvation. Eight out of ten of the biggest food and drink companies paid more than $18 billion to shareholders since the beginning of this year, an amount that is “ten times more than the UN says is needed to stop people going hungry,” according to the report.

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


Vilified Early Over Lax Virus Strategy, Sweden Seems to Have Scourge Controlled
2020-09-29, New York Times
Posted: 2020-10-19 17:07:54
https://www.nytimes.com/2020/09/29/world/europe/sweden-coronavirus-strategy.html

Almost alone in the Western world, the Swedes refused to impose a coronavirus lockdown last spring, as the country’s leading health officials argued that limited restrictions were sufficient and would better protect against economic collapse. For their part, the Swedes admit to making some mistakes, particularly in nursing homes, where the death toll was staggering. Indeed, comparative analyses show that Sweden’s death rate at the height of the pandemic in the spring far surpassed the rates in neighboring countries and was more protracted. (Others point out that Sweden’s overall death rate is comparable to that of the United States.) Now, though, the question is whether the country’s current low caseload, compared with sharp increases elsewhere, shows that it has found a sustainable balance, something that all Western countries are seeking eight months into the pandemic. With a population of 10.1 million, Sweden averaged just over 200 new cases a day for several weeks. The per capita rate is far lower than nearby Denmark or the Netherlands. Sweden is also doing far better ... than Spain, with 10,000 cases a day, and France, with 12,000. Some experts believe Sweden is now almost fully in control of the virus. “There are indications that the Swedes have gained an element of immunity to the disease, which, together with everything else they are doing to prevent the infection from spreading, is enough to keep the disease down,” Kim Sneppen, professor of biocomplexity at the Niels Bohr Institute ... said.

Note: For the 60 days from Aug. 15 to Oct. 14, Sweden (population 10 million) had a total of 124 coronavirus deaths according to official Johns Hopkins statistics. That's an average of just over two deaths a day with no lockdown or masks required. Compare that to California (population 33 million), which had 5,581 deaths in the same period. That's an average of over 90 deaths a day with lockdown and masks required. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


Billionaires see fortunes rise by 27% during the pandemic
2020-10-07, BBC News
Posted: 2020-10-19 17:05:28
https://www.bbc.com/news/business-54446285

Billionaires have seen their fortunes hit record highs during the pandemic, with top executives from technology and industry earning the most. The world's richest saw their wealth climb 27.5% to $10.2trn (Ł7.9trn) from April to July this year, according to a report from Swiss bank UBS. That was up from the previous peak of $8.9trn at the end of 2017 and largely due to rising global share prices. UBS said billionaires had done "extremely well" in the Covid crisis. It also said the number of billionaires had hit a new high of 2,189, up from 2,158 in 2017. It comes as a World Bank report on Wednesday showed extreme poverty is set to rise this year for the first time in more than two decades due to the pandemic. Among the billionaires, the biggest winners this year have been industrialists, whose wealth rose a staggering 44% in the three months to July. "Industrials benefited disproportionately as markets priced in a significant economic recovery [after lockdowns around the world]," UBS said. Tech billionaires have also had a good pandemic, seeing their wealth soar 41%. UBS said this was "due to the corona-induced demand for their goods and services" and social distancing accelerating "digital businesses [and] compressing several years' evolution into a few months". Healthcare billionaires also benefited as the crisis put drug makers and medical device companies in the spotlight.

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


Finland deploys coronavirus-sniffing dogs at main airport
2020-09-23, ABC News/Associated Press
Posted: 2020-10-19 16:50:06
https://abcnews.go.com/Health/wireStory/finland-deploys-coronavirus-sniffing-...

Finland has deployed coronavirus-sniffing dogs at the Nordic country’s main international airport in a four-month trial of an alternative testing method that could become a cost-friendly and quick way to identify infected travelers. Four dogs of different breeds trained by Finland’s Smell Detection Association started working Wednesday at the Helsinki Airport as part of the government-financed trial. “It’s a very promising method,” Anna Hielm-Bjorkman, a University of Helsinki ... said. “If it works, it will be a good (coronavirus) screening method at any other places,” she said, listing hospitals, ports, elderly people’s homes, sports venues and cultural events among the possible locations where trained dogs could put their snouts to work. Finland is the second country after the United Arab Emirates - and the first in Europe - to assign dogs to sniff out the coronavirus. Passengers who agree to take a free test under the voluntary program in Helsinki do not have direct physical contact with a dog. They are asked to swipe their skin with a wipe which is then put into a jar and given to a dog waiting in a separate booth. The participating animals - ET, Kossi, Miina and Valo - previously underwent training to detect cancer, diabetes or other diseases. It takes the dog a mere 10 seconds to sniff the virus samples before it gives the test result by scratching a paw, laying down, barking or otherwise making its conclusion known. The process should be completed within one minute, according to Hielm-Bjorkman.

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


How Operation Warp Speed's Big Vaccine Contracts Could Stay Secret
2020-09-29, NPR
Posted: 2020-10-12 00:31:41
https://www.npr.org/sections/health-shots/2020/09/29/917899357/how-operation-...

The Trump administration has compared Operation Warp Speed's crash program to develop a COVID-19 vaccine to the Manhattan Project. And like the notoriously secretive government project to make the first atomic bomb, the details of Operation Warp Speed's work may take a long time to unravel. One reason is that Operation Warp Speed is issuing billions of dollars' worth of coronavirus vaccine contracts to companies through a nongovernment intermediary, bypassing the regulatory oversight and transparency of traditional federal contracting mechanisms, NPR has learned. Instead of entering into contracts directly with vaccine makers, more than $6 billion in Operation Warp Speed funding has been routed through a defense contract management firm called Advanced Technologies International, Inc. ATI then awarded contracts to companies working on COVID-19 vaccines. As a result, the contracts between the pharmaceutical companies and ATI may not be available through public records requests, and additional documents are exempt from public disclosure for five years. [Robin] Feldman, of UC Hastings, says the administration's comparison of Operation Warp Speed to the Manhattan Project is troubling. "I think that's completely the wrong image," she says. "The right analogy, I think, for Operation Warp Speed is the penicillin effort in World War II. We can do a lot of good together, but we have to make sure pharma companies aren't taking advantage of the crisis."

Note: Read an excellent article showing how most of these contracts are linked to the CIA and DHS and more. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.


These Shocking Charts Show Just How Much Richer Billionaires Have Gotten Since Covid
2020-09-30, Forbes
Posted: 2020-10-04 21:11:50
https://www.forbes.com/sites/pedrodacosta/2020/09/30/these-shocking-charts-sh...

The world’s wealthiest individuals have become even richer during the coronavirus pandemic as the prices of financial assets have been supported by widespread policy intervention while employment and wages, well, not so much. The Institute for Policy Studies, a liberal think tank in Washington, chronicles just how bifurcated the road the recovery from an economy slump is likely to be. At the upper end of the spectrum, the combined wealth of all U.S. billionaires increased by $821 billion or 28% between March 18, 2020 and September 10, 2020, from approximately $2.947 trillion to $3.768 trillion. That means they own the equivalent of nearly 20% of U.S. gross domestic product. The richest five billionaires, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett, and Elon Musk, saw a 59% increase in their total wealth, from $358 billion to $569 billion. One University of Chicago study found that, between the start of February and the end of June, the lowest-income group had the highest job loss rate while the highest-income workers had the [lowest] rate of lob losses. Black and Hispanic workers were also much more likely to become unemployed during the pandemic than Whites despite their predominant role in work deemed ... essential. As the pandemic forced many industries into remote work, millions of Black and Hispanic workers have been left out. “Only 19.7% of Black and 16.2% of Latinx people work in jobs where they are able to telework, compared to 29.9% of White and 37.0% of Asian workers,” the report said.

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


No Job, Loads of Debt: Covid Upends Middle-Class Family Finances
2020-09-20, Wall Street Journal
Posted: 2020-10-04 21:10:11
https://www.wsj.com/articles/covid-unemployment-debt-middle-class-family-fina...

Millions of Americans have lost jobs during a pandemic that kept restaurants, shops and public institutions closed for months and hit the travel industry hard. While lower-wage workers have borne much of the brunt, the crisis is wreaking a particular kind of havoc on the debt-laden middle class. Before the pandemic, Americans had amassed $4.2 trillion in consumer debt, excluding mortgages, according to the Federal Reserve Bank of New York, a record even when adjusting for inflation. Housing debt added an additional $10 trillion to the tally. The coronavirus has spared few industries and expanded unemployment benefits designed to replace the average American income didn’t cover all the lost pay of higher-earning workers, especially in or near expensive cities. The extra $600 weekly payments expired in July, putting them even further behind. Unemployment has fallen from its pandemic peak of near 15%, but the rate stood at 8.4% in August, up from 3.5% in February, according to the Bureau of Labor Statistics. Unemployment for the arts, design, media, sports and entertainment was 12.7% in August, more than triple its year-earlier level. In education, it more than doubled to 10.2%. Sales and office unemployment was 7.8% in August, up from 3.8% in August 2019. It could get worse. Many people who have jobs are struggling with pay cuts. As of August, 17 million workers were getting paid less due to the pandemic. Some 9.5 million took pay cuts; the remaining 7.5 million are working fewer hours.

Note: You can find the full article available for free viewing on 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.


Virus Hands World Leaders Sweeping Powers They May Never Give Up
2020-03-25, Bloomberg
Posted: 2020-10-04 21:06:45
https://www.bloomberg.com/news/articles/2020-03-25/virus-gives-world-leaders-...

Like the 9/11 terrorist attacks in the U.S., the coronavirus pandemic is a crisis of such magnitude that it threatens to change the world in which we live, with ramifications for how leaders govern. Governments are locking down cities with the help of the army, mapping population flows via smartphones and jailing or sequestering quarantine breakers using banks of CCTV and facial recognition cameras backed by artificial intelligence. The restrictions are unprecedented in peacetime and made possible only by rapid advances in technology. And while citizens across the globe may be willing to sacrifice civil liberties temporarily, history shows that emergency powers can be hard to relinquish. “A primary concern is that if the public gives governments new surveillance powers to contain Covid-19, then governments will keep these powers after the public health crisis ends,” said Adam Schwartz ... at the non-profit Electronic Frontier Foundation. “Nearly two decades after the 9/11 attacks, the U.S. government still uses many of the surveillance technologies it developed in the immediate wake.” In part, the Chinese Communist Party’s containment measures at the virus epicenter in Wuhan set the tone, with what initially seemed shocking steps to isolate the infected being subsequently adopted in countries with no comparable history of China’s state controls. For Gu Su ... at Nanjing University, China’s political culture “made its people more amenable to the draconian measures.”

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


CDC's credibility is eroded by internal blunders and external attacks as coronavirus vaccine campaigns loom
2020-09-28, Washington Post
Posted: 2020-10-04 21:04:44
https://www.washingtonpost.com/health/2020/09/28/cdc-under-attack/

The Centers for Disease Control and Prevention was created to stop deadly pathogens. But 2020 has been a disaster for the CDC. The agency's response to the worst public health crisis in a century - the coronavirus pandemic - has been marked by technical blunders and botched messaging. The agency has endured false accusations and interference by Trump administration political appointees. Worst of all, the CDC has experienced a loss of institutional credibility at a time when the nation desperately needs to know whom to trust. The stumbles started early in the pandemic, with the botched rollout of test kits suspected of being contaminated at a CDC lab in late January. But the agency's most chronic problem has been the inability to speak directly and persuasively to the American public. That's because it has been muzzled ... by political operatives. White House officials have pressured the CDC to change guidance over the last several months to align the guidelines more closely with the administration's message that the pandemic is under control, federal health officials have said. Those actions include revised CDC guidance on mask-wearing and the reopening of religious institutions and schools. "Every big public health response has two components: the public health emergency and the political emergency," said a CDC epidemiologist who spoke on the condition of anonymity out of fear of retaliation. "I never would have expected the level of political interference we're seeing now. It's so sad."

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Hunger in America, Especially for Children, Has “Skyrocketed” During Covid-19, Data Shows
2020-09-23, The Intercept
Posted: 2020-09-28 03:27:44
https://theintercept.com/2020/09/23/hunger-food-insecurity-coronavirus-childr...

The level of hunger in U.S. households almost tripled between 2019 and August of this year, according to an analysis of new data from the Census Bureau and the Department of Agriculture. Even more alarming, the proportion of American children who sometimes do not have enough to eat is now as much as 14 times higher than it was last year. The Agriculture Department conducts yearly studies on food insecurity in the U.S., with its report on 2019 released this month. The Census Bureau began frequent household surveys in April in response to Covid-19 that include questions about hunger. The analysis, by the Washington, D.C.-based Center on Budget and Policy Priorities, found that 3.7 percent of U.S. households reported they sometimes or often had “not enough to eat” during 2019. Meanwhile, the most recent Census data from the end of August of this year showed that 10 percent of households said they sometimes or often did not have enough to eat within the past seven days. Levels of food insecurity in Black and Latino households are significantly higher, at 19 percent and 17 percent, respectively, compared to 7 percent in white households. Remarkably, this increase in hunger has nothing to do with any actual shortage of food. It is purely the result of political decisions.

Note: How much is severe collateral damage like this from the coronavirus lockdown policies being considered? For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.


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