Media ArticlesExcerpts of Key Media Articles in Major Media
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.
Nearly 40% of US Marines are declining Covid-19 vaccinations, according to data provided to CNN on Friday by the service, the first branch to disclose service-wide numbers on acceptance and declination. As of Thursday, approximately 75,500 Marines have received vaccines, including fully vaccinated and partially vaccinated service men and women. About 48,000 Marines have chosen not to receive vaccines, for a declination rate of 38.9%. The declination rate at Camp Lejeune in North Carolina, one of the prominent Marine Corps bases, was far higher, at 57%, according to another set of data. Of 26,400 Marines who have been offered vaccinations, 15,100 have chosen not to receive them. The military cannot make the vaccines mandatory now because they have only emergency use authorizations from the Food and Drug Administration, meaning service members who are required to receive a series of other vaccinations have the option of declining shots to protect against Covid-19. Officials say most of the vaccine hesitancy stems from concerns about the speed at which the vaccines were developed and fears over long-term effects. The Defense Department has approximately 2.2 million service members operating around the globe.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
A pilot project in a California town is paying homeless residents to tidy up their living areas, and it's changing the culture of the city. The idea stemmed from a conversation with one of the city's police sergeants, said Sarah Bontrager, the housing and public services manager for Elk Grove, a city of 174,000 people located 15 miles south of Sacramento. "We got together to talk about homelessness, and from my prospective I wanted to build better relationships with people who were experiencing homelessness, and he wanted to address some of the complaints that come to his officers," Bontrager told CNN. The number one complaint surrounding homelessness was the amount of trash. "Our public works staff were previously doing cleanups out at encampment sites ... and just spending a lot of time and money doing it. We also wanted a way to reduce interactions at the early stages of Covid," she said. So they came up with the idea to offer an incentive to those who live in the homeless encampments to clean up their area. "We distribute trash bags, and we go out every two weeks to pick up the trash, and if they have it bagged, they are eligible for up to $20 in gift cards to a grocery store," Bontrager said. The recipients can use the gift cards on anything but cigarettes and alcohol. Bontrager said that they usually use them for food or hygiene items. Many of the homeless residents have expressed how thankful they are to be able to go pick out items themselves instead of relying on shelters.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Research Medical's owner, HCA Healthcare Inc., is a profitable, publicly traded network of 185 hospitals. Even in the year of Covid-19, 2020, the company generated $51.5 billion in revenue and increased its pretax earnings by 3.6 percent. That performance helped boost the total compensation HCA's chief executive, Samuel N. Hazen, received last year to $30.4 million, a 13 percent rise from 2019. The total worth of his compensation package equaled 556 times the compensation received by the median employee at HCA – $54,651. The figures highlight the growing CEO pay gap, a problem among many public companies according to some investors and workers and even a few CEOs. In 2019, for example, the average pay ratio among 350 large American companies was 320-to-1, according to research by the Economic Policy Institute. In 1989, the average was 61-to-1. Because [Jamelle] Brown, [an] emergency department worker, makes even less than the median, Hazen got roughly 1,000 times Brown's pay. Brown says he lives with his sister because he doesn't earn enough from his job at Research Medical to pay for his own apartment. HCA isn't alone in paying its chief executive vastly more than what rank-and-file workers earn. Acuity Brands, an industrial technology company, paid its CEO, Neil M. Ashe, $21 million last year, or 2,316 times the median employee's pay. Starbucks ... paid its CEO, Kevin Johnson, $14.7 million last year. That was 1,211 times the pay of its median employee.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
A former Gestapo general who sent tens of thousands of Jews to their deaths was protected from prosecution by US and West German intelligence after the Second World War. SS-General Franz Josef Huber served as head of the Gestapo in Vienna and much of Austria following the Nazi takeover. He worked closely with Adolf Eichmann, the architect of the Holocaust, and personally ordered the deportation of Austrian Jews to concentration camps. Yet while Eichmann was captured by Israel and sentenced to death ... Huber was released by US forces following the war and spent the rest of his life as a free man in his native Munich, where he was a minor employee at a local business. That was a cover arranged for him by West German intelligence. It now appears Huber was protected by the US because it believed he could be a useful asset against the Soviet Union. "Although we are by no means unmindful of the dangers involved in playing around with a Gestapo general, we also believe, on the basis of the information now in our possession, that Huber might be profitably used by this organization," a CIA memo from 1953 obtained by the New York Times reads. Declassified files obtained by German ARD television's Munich Report show that US and West German intelligence conspired to hide Huber's past and protect him from prosecution. In the US, the CIA, FBI and other intelligence agencies recruited more than 1,000 ex-Nazis as agents in the years following the war.
Note: Read about the Nazi scientists secretly brought to the US to work after WWII. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
A Georgia restaurant owner is making waves for choosing kindness after his popular establishment was the target of vandalism. After discovering Diablo's Southwest Grill had been broken into on Saturday, owner Carl Wallace took to Facebook with an unusual proposal; rather than calling the police, he extended an offer of employment to the unknown vandal. "To the would-be robber who is clearly struggling with life decisions or having money issues... please swing by for a job application," Wallace wrote. "There are better opportunities out there than this path you've chosen." In a report from WFLA, a man was caught on security footage throwing a brick through the glass door and entering the establishment. Once inside, he shook the cash register, but according to Wallace, he ran off when he realized the register was empty. The viral Facebook post has touched the hearts of viewers. "As a 30-year government/law enforcement retiree I want to say, Thank you!," wrote another. "I've always said...' you're only one bad decision away from a totally different life.' This morning you made me think that sometimes....'you're only one GOOD decision away from a totally different life.'" Wallace said he did not expect his post to go viral the way it did. "It was just a little bit different approach to, you know, a bad situation," he [said]. "Putting this person through incarceration to then get out to make it harder to find a good-paying job. It only makes it worse."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
When thousands of New Yorkers poured into the city's streets last summer following the police killing of George Floyd in Minneapolis, they were met with the very police violence they had come to protest. New York police arrested hundreds of people, many with no probable cause. Over multiple incidents, police regularly and unjustifiably used force against peaceful protesters, with state investigators finding that they beat people with blunt instruments at least 50 times, unlawfully pepper-sprayed them in at least 30 instances, and pushed or struck protesters at least 75 times. Officers targeted and retaliated against people engaging in constitutionally protected activity, New York Attorney General Letitia James's office concluded, and "blatantly violated the rights of New Yorkers." Leading the violent crackdown was the New York Police Department's Strategic Response Group, or SRG, a heavily militarized, rapid-response unit of several hundred officers. Investigators found a disproportionate number of SRG officers accused of wrongdoing to have exceeded their legal authority, when compared with the wider department. The group earned a reputation among activists as the NYPD's "goon squad." Despite initial reassurances to the contrary, the SRG ended up policing protests far more than it did any "counterterrorism" work – already the job of the NYPD's Counterterrorism Bureau – but it brought its militarized mentality and tactics to the policing of civil unrest.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
Asked about the future of Parkinson's disease in the US, Dr Ray Dorsey says, "We're on the tip of a very, very large iceberg." Dorsey, a neurologist ... believes a Parkinson's epidemic is on the horizon. Parkinson's is already the fastest-growing neurological disorder in the world; in the US, the number of people with Parkinson's has increased 35% the last 10 years, says Dorsey, and "We think over the next 25 years it will double again." Researchers increasingly believe that one factor is environmental exposure to trichloroethylene (TCE), a chemical compound used in industrial degreasing, dry-cleaning and household products such as some shoe polishes and carpet cleaners. To date, the clearest evidence around the risk of TCE to human health is derived from workers who are exposed to the chemical in the work-place. A 2008 peer-reviewed study in the Annals of Neurology, for example, found that TCE is "a risk factor for parkinsonism." And a 2011 study echoed those results, finding "a six-fold increase in the risk of developing Parkinson's in individuals exposed in the workplace to trichloroethylene (TCE)." While some countries heavily regulate TCE (its use is banned in the EU without special authorization) the EPA estimates that 250m lb of the chemical are still used annually in the US. TCE is currently estimated to be present in about 30% of US groundwater. Using activated carbon filtration devices (like Brita filters) can help reduce TCE in drinking water.
Note: For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
Preliminary results from two experiments suggest something could be wrong with the basic way physicists think the universe works, a prospect that has the field of particle physics both baffled and thrilled. Tiny particles called muons aren't quite doing what is expected of them in two different long-running experiments in the United States and Europe. The confounding results – if proven right – reveal major problems with the rulebook physicists use to describe and understand how the universe works at the subatomic level. "We think we might be swimming in a sea of background particles all the time that just haven't been directly discovered," Fermilab experiment co-chief scientist Chris Polly said. "There might be monsters we haven't yet imagined that are emerging from the vacuum interacting with our muons and this gives us a window into seeing them." The rulebook, called the Standard Model, was developed about 50 years ago. The United States Energy Department's Fermilab announced results Wednesday of 8.2 billion races along a track outside Chicago that ... have physicists astir: The muons' magnetic fields don't seem to be what the Standard Model says they should be. This follows new results published last month from the European Center for Nuclear Research's Large Hadron Collider that found a surprising proportion of particles in the aftermath of high-speed collisions. If confirmed, the U.S. results would be the biggest finding in the bizarre world of subatomic particles in nearly 10 years.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the mysterious nature of reality from reliable major media sources.
The number of newly minted and reissued billionaires soared last year, Forbes reported Tuesday in its annual ranking, a staggering accumulation of personal wealth that stands in sharp contrast with the widespread economic struggles unleashed by the coronavirus pandemic. The number of billionaires on Forbes' 35th annual ranking swelled by 660 to 2,755 – a roughly 30 percent jump from a year ago – and 493 of them are first-timers. Seven of eight are richer than they were before the pandemic. Forbes calculates net worth by using stock prices and exchange rates from March 5. Amazon founder Jeff Bezos, with an estimated fortune of $177 billion, topped the list. Tesla chief executive Elon Musk came in at No. 2 at $151 billion. As a class, billionaires added about $8 trillion to their total net worth from last year, totaling $13.1 trillion. The United States had the most billionaires, at 724, extending a rapid rise in wealth that hasn't happened since the Rockefellers and the Carnegies roughly a century ago. China ... had the second highest number of billionaires: 698. Gabriel Zucman, an economist ... said in an email that the explosive acceleration of wealth among the richest of the rich has only accelerated during the pandemic. "In the United States, the top 400 wealthiest Americans now own the equivalent 18% of GDP in wealth, twice as much as in 2010 (9% of GDP). The pandemic has reinforced this trend, with a boom in top-end wealth despite the decline in economic activity," he wrote.
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.
Bill Gates has never been a farmer. So why did the Land Report dub him "Farmer Bill" this year? Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. A 2018 purchase of 14,500 acres of prime eastern Washington farmland – which is traditional Yakama territory – for $171m helped him get that title. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. To put that into perspective, that's nearly the size of Hong Kong and twice the acreage of the Lower Brule Sioux Tribe, where I'm an enrolled member. A white man owns more farmland than my entire Native nation! The relationship to land – who owns it, who works it and who cares for it – reflects obscene levels of inequality and legacies of colonialism and white supremacy in the United States, and also the world. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. Our era is dominated by the ultra-rich ... and a burgeoning green capitalism. And Bill Gates' new book How to Avoid a Climate Disaster positions himself as a thought leader in how to stop putting greenhouse gases into the atmosphere and how to fund what he has called elsewhere a "global green revolution" to help poor farmers mitigate climate change. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyone's guess. Investment firms are making the argument farmlands will meet "carbon-neutral" targets for sustainable investment portfolios.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
John Geddert, the former USA Gymnastics coach, was found dead in February just hours after he had been charged with 24 felonies including human trafficking and sexual assault in relation to his decades of work with young gymnasts in his home state of Michigan. Teristi, 46, says she was 10 years old when Geddert's coaching style became verbally and physically abusive. She says she was 14 years old when Geddert started sitting in on training sessions with sports medicine physician Larry Nassar, Geddert's close friend and a serial sexual predator, as Nassar repeatedly sexually abused Teristi. Nassar may not be making national headlines since his sentencing hearing three years ago, but the women he abused have been fighting every day since for accountability from the systems that allowed his abuse to flourish. Most of these survivors have one straightforward demand: a complete and objective accounting of how Nassar was allowed to abuse children for nearly 40 years. Who knew about the abuse and did nothing? Why were there no safeguards in place to prevent this from happening? An independent, transparent investigation that answers these questions can ensure that a predator like Nassar will never again go undetected in the sport of gymnastics or at a college like Michigan State University. And yet, at every turn survivors have been met with institutional apathy, continued betrayal and negligence – a press statement with flowery sentences about change followed by little to no action.
Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals from reliable major media sources.
Gabriel Baron first heard about Crisis Kitchen through a call for support he saw on Facebook. The mutual aid group was providing free meals around Portland, Oregon, to combat food insecurity exacerbated by the COVID-19 pandemic. "I'm a believer in local communities supporting local communities," Baron says. So he volunteered to deliver meals for the kitchen. As he did so, he started having conversations with folks in the organization. Baron, a filmmaker, decided to bring his camera to the Crisis Kitchen. He said he was interested in demystifying mutual aid for viewers. It's not an unwieldy and hierarchical institution. It was as simple as laid-off restaurant employees asking to use the kitchen to prepare food for people in their community. And the effort has snowballed from there. The group now delivers about 1,000 free, restaurant-quality meals around the city every week. Crisis Kitchen is one of a network of mutual aid groups in Portland working to build a more supportive and just community. In the film, Adrian Garcia Groenendyk, the co-founder of Crisis Kitchen, says mutual aid demonstrates what can be done to meet people's needs and help them thrive in our society. Long-term, he says this critical work shouldn't be dependent on community donations. The goal should be to take money out of institutions of violence and put it into institutions of care, like Crisis Kitchen. Baron continues to deliver meals for Crisis Kitchen every week.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A new documentary called Writing With Fire ... profiles Khabar Lahariya (Waves of News), India's only major news outlet run by women from marginalized communities. It focuses on rural reporting through a feminist lens and is led by chief reporter Meera Devi. Khabar Lahariya began as a small Hindi language newspaper in 2002 in the northern Indian state of Uttar Pradesh. Many of its reporters are Dalits, formally called "untouchables" – people at the very bottom of India's ancient 4-level caste system, that are considered by higher castes to be so impure, they should not be touched. The Indian constitution bans discrimination on the basis of caste but it still persists. Two-thirds of rural women and about half of rural men practice untouchability. That could mean they refuse to eat with lower caste people or don't let them enter their kitchen. Untouchability is more common in rural India, where Meera and her colleagues live and report. The documentary ... follows Meera and two other colleagues as they find workarounds to challenges like power outages while reporting, interviewing unyielding, patronizing elected officials. And all the while, many of the reporters' families are pressuring them to marry because that is what is expected for many women in India. Meera says, "When future generations ask us, 'What were you doing when the country was changing and the media was being silenced?' Khabar Lahariya will be able to say proudly that we were holding the powerful to account."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
When West Virginia declared a state of emergency to arrest the coronavirus, the social network that aids the homeless froze along with everything else. Ordered to shelter in place, people without shelter died at an alarming rate. In a bad year here ... two to four of the unhoused die. Over the past year, they have tallied 22 deaths, a sevenfold increase. Only two of the deaths are suspected to be from COVID-19. But all occurred during the collapse of the safety net that in normal times addresses the complex mix of afflictions–trauma, medical conditions, addiction–that accompany homelessness, and worsened during the profound isolation of the pandemic. What happened in [West Virginia] is happening across the country. Even before the pandemic lockdowns that fell hardest on low-income Americans –– and stand to push more people out of their homes –– the Department of Housing and Urban Development reported U.S. homelessness at 580,466 people, up 7% from a year earlier. Deaths are rising even faster. In San Francisco, the department of public health says deaths tripled over the past year in an unhoused population of 8,035. In Los Angeles, home to a vast homeless population tallied at 41,290, deaths increased by 32%. Homeless deaths in Washington, D.C., soared by 54%. In New York City, the Coalition for the Homeless reported a death rate up 75%. And over the past year, they died ... at a rate many times higher than the rate of deaths from the virus.
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.
Major American cities saw a 33% increase in homicides last year as a pandemic swept across the country, millions of people joined protests against racial injustice and police brutality, and the economy collapsed under the weight of the pandemic – a crime surge that has continued into the first quarter of this year. Sixty-three of the 66 largest police jurisdictions saw increases in at least one category of violent crimes in 2020, which include homicide, rape, robbery, and aggravated assault, according to a report produced by the Major Cities Chiefs Association. Baltimore City, Baltimore County and Raleigh, North Carolina, did not report increases in any of the violent crime categories. The increase in homicide rates across the country is both historic and far-reaching, as were the pandemic and social movements that touched every part of society last year. Experts point to a "perfect storm" of factors - economic collapse, social anxiety because of a pandemic, de-policing in major cities after protests that called for abolition of police departments, shifts in police resources from neighborhoods to downtown areas because of those protests, and the release of criminal defendants pretrial or before sentences were completed to reduce risk of Covid-19 spread in jails - all may have contributed to the spike in homicides. Covid-19 seemed to exacerbate everything - officers sometimes had to quarantine because of exposure or cases in their ranks, reducing the number of officers available.
Note: For why Baltimore fared so well and had a significant decrease in crime last year, see this inspiring CNN article. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
On Election Day 2016, Crystal Mason went to vote. When her name didn't appear on official voting rolls at her polling place in Tarrant County, Texas, she filled out a provisional ballot. Ms. Mason's ballot was never officially counted or tallied because she was ineligible to vote: She was on supervised release after serving five years for tax fraud. Nonetheless, that ballot has wrangled her into a lengthy appeals process after a state district court sentenced her to five years in prison for illegal voting, as she was a felon on probation when she cast her ballot. Ms. Mason maintains that she didn't know she was ineligible to vote. Her case is now headed for the Texas Court of Criminal Appeals, the highest state court for criminal cases. Ms. Mason unsuccessfully asked for a new trial and lost her case in an appellate court. This new appeal is the last chance for Ms. Mason, 46, who is out on appeal bond, to avoid prison. If her case has to advance to the federal court system, Ms. Mason would have to appeal from a cell. According to Tommy Buser-Clancy, a lawyer at the American Civil Liberties Union of Texas, Ms. Mason should never have never been convicted. If there is ambiguity in someone's eligibility, the provisional ballot system is there to account for it, he said. If her eligibility was incorrect, he said, "that should be the end of the story." 72 percent of [Texas attorney general, Ken] Paxton's voter fraud cases have targeted people of color.
Note: For more along these lines, see concise summaries of deeply revealing news articles on elections corruption from reliable major media sources.
Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America's largest firms paid no taxes last year on billions of dollars in profits. The sweeping tax bill passed in 2017 by a Republican Congress and signed into law by President Donald Trump reduced the corporate tax rate to 21% from 35%. But dozens of Fortune 500 companies were able to further shrink their tax bill – sometimes to zero – thanks to a range of legal deductions and exemptions that have become staples of the tax code. Salesforce, Archer-Daniels-Midland and Consolidated Edison were among those named in the report, which was done by the Institute on Taxation and Economic Policy. Twenty-six of the companies listed, including FedEx, Duke Energy and Nike, were able to avoid paying any federal income tax for the last three years even though they reported a combined income of $77 billion. Many also received millions of dollars in tax rebates. Publicly traded corporations are required to file financial reports. The institute used that data along with other information supplied by each company. The $2.2 trillion coronavirus relief act ... contained a provision that temporarily allowed businesses to use losses in 2020 to offset profits earned in previous years. Tax avoidance strategies include a mix of old standards and new innovations. Companies, for example, saved billions by allowing top executives to buy discounted stock options in the future and then deducting their value as a loss.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
We are now in the 20th anniversary year of 9/11, the worst terror atrocity the world has witnessed, the day when more than 2,600 people were killed in the Twin Towers and the surrounding area. At first, the Campbell family and [fiancee Caroline Burbank] were sure [Geoff Campbell] was alive. But one year later, fragments of a shoulder blade containing Geoff's DNA were found amid World Trade Centre rubble. It was then that they started to question the official account of the disaster. After examining the testimony of hundreds of eyewitnesses and forensically dissecting the scientific trail of the towers' collapse, down to analysing dust on the ground at the New York site, they have compiled a lengthy dossier. It is a document which, they claim, proves that controlled demolition explosives – not aircraft – brought the buildings down. Later this month they will formally ask the acting Attorney General for England and Wales, Michael Ellis ... to allow them to apply to the High Court for a fresh inquest into Geoff's death. Six other families who lost loved ones in the Twin Towers plane attacks on 9/11 plan to send their own statements in support of the Campbells. If Mr Ellis gives the go-ahead – as the Campbells think likely – they plan an attempt to dismantle the notion that the Twin Towers were brought down by raging fires caused by leaking jet fuel which melted their supporting metal girders. At any new inquest, they would call in ... scientists who insist the plane attacks could not have toppled the two buildings.
Note: For more along these lines, see concise summaries of deeply revealing news articles on 9/11 from reliable major media sources. Then explore the excellent, reliable resources provided in our 9/11 Information Center.
There literally are objects flying around that no one, including U.S. Navy pilots, can identify, and we have to puzzle out what that means. The U.S. government continues to tiptoe toward the normalization of the idea of unidentified flying objects (UFOs). Last year the Department of Defense released three videos (one recorded in 2004 and the other two in 2015) of U.S. Navy pilots seeing something and having no idea what it was. In its news release, the Pentagon said, "the aerial phenomena observed in the videos remain characterized as â€unidentified,'" putting the U in UFO. The Pentagon went further in August 2020, announcing the establishment of an Unidentified Aerial Phenomena (UAP) Task Force. The Pentagon explained, "The mission of the task force is to detect, analyze and catalog UAPs that could potentially pose a threat to U.S. national security." 10 days ago, former director of national intelligence John Ratcliffe went on Fox News and made a whole bunch of claims about what the U.S. intelligence community knew about UAPs, including that a Pentagon report would soon be released revealing even more information. If UAPs are extraterrestrials ... it is not humans contacting extraterrestrials but rather those extraterrestrials actively observing us. Furthermore, they seem to be doing so in a way that is not destructive. That is promising! Observation without the intent to destroy suggests a civilization that is much less violent than, say, Spanish conquistadors.
Note: The gradual roll out by government and media continues with this article. Where are those who are willing to talk about the major UFO activities which have been well known and established for decades in the UFO community? This two-page summary gives quotes and links for verification from well known astronauts, top military officials and others who have had personal experience with UFOs and ETs. For more along these lines, see concise summaries of deeply revealing news articles on UFOs from reliable major media sources.
The world's 2,365 billionaires enjoyed a $4 trillion boost to their wealth during the first year of the pandemic, increasing their fortunes by 54%, according to a new analysis by the Program on Inequality at the ... Institute for Policy Studies. Between March 18, 2020, and March 18, 2021, the wealth held by the world's billionaires jumped from $8.04 trillion to $12.39 trillion, according to the IPS' analysis of data from Forbes, Bloomberg and Wealth-X. Amazon.com founder Jeff Bezos, the world's wealthiest person, saw his fortune soar to $178 billion from $113 billion, or 57%, during that time, the study found. All told, the total wealth of the world's billionaire class grew 54% during the pandemic year, IPS reported. The ballooning wealth among the world's richest people is sparking calls for a "wealth tax," or an additional tax that would be added on top of regular income and capital gains taxes. But so far, a wealth tax is proving elusive in Washington, D.C., even as two-thirds of Americans express support for the idea of raising taxes on people earning more than $400,000. Rather than taxing the growing wealth of the nation's billionaires and millionaires, Mr. Biden wants to pay for his $2 trillion American Jobs Plan by boosting the corporate tax rate to 28% from its current 21%. In the meantime, the wealth disparities between the world's richest and poorest citizens have only widened during the pandemic. The number of people living in poverty globally doubled to more than 500 million during the first nine months of the pandemic.
Note: Why is so little media attention given to the greatest transfer of wealth ever since COVID hit? For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
Important 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.