Media ArticlesExcerpts of Key Media Articles in Major Media
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Prescription drug prices in the U.S. are expensive. One vial of insulin can cost as much as $450, while the same amount goes for about $30 in Canada. Now, California could make its own generic insulin - and other prescription drugs - through a new law passed this week that aims to increase access to affordable medications. California governor Gavin Newsom signed legislation this week that allows the California Health and Human Services Agency to partner with drug manufacturers in order to make or distribute generic prescription drugs. The bill builds on a plan Newsom first announced in January to increase generic drug manufacturing, which would lower prescription drug costs through a state-sponsored prescription drug label called Cal Rx. Cal Rx wouldn’t be developing new drugs ... just attempting to make cheaper versions of generic drugs, or drugs that aren’t currently covered by a patent. The bill does not specify what prescription drugs the state’s health agency would create or distribute through such partnerships - officials are in the process of identifying potential medications - but it does require a partnership for “at least one form of insulin, provided that a viable pathway for manufacturing a more affordable form of insulin exists at a price that results in savings.” Current U.S. laws allow pharmaceutical manufacturers to set their own prices, which isn’t common practice in other countries. In England ... a government agency negotiates directly with pharmaceutical companies.
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When the Main Street Phoenix Project buys a distressed restaurant, it will turn the workers into owners, making the industry more equitable. “The hypothesis was that we needed to accelerate, streamline, and simplify the process of converting to employee ownership,” says Jason Wiener, a partner in the new venture. “This was about taking a traditional, tried-and-true business strategy - the private equity firm - and using the tools of concentration and capital efficiency and deploying it not for the benefit of investors, rather, for the benefit of workers.” As an attorney, Wiener has spent years helping small businesses convert to employee ownership, a process that can raise both profits and worker compensation. But the work was slow, and he realized that the response to the pandemic needed to happen much faster. He was particularly concerned about workers at restaurants, who are often women, people of color, or undocumented, with little savings to survive on if they lose their job. “By bringing new capital to the table, from mission-aligned, patient investors, we could buy businesses at significant value, we can hire their workers back, put them into ownership position, and lock in all of that improved cash flow and all that gain in value for the benefit of workers,” he says. After developing the financial model, the partners are now beginning to raise capital and expect to acquire the first restaurant by the end of the year, with plans to acquire around 25 over the next two years.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
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.
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.
In his 1961 farewell address, President Dwight Eisenhower cautioned the United States against "unwarranted influence" — what he saw as an alarming alignment of corporate interests with military operations, a relationship he famously called: "the military-industrial complex." Col. Lawrence Wilkerson ... spent over 30 years in the U.S. Army [and] was chief of staff for former Secretary of State, General Colin Powell. He believes that Eisenhower was right, and is a fierce critic of the military-industrial complex. Or what he calls "the warfare state," an obvious play on "welfare state." He believes military spending ... is ruining America. "Today we have become what Eisenhower's worst nightmare predicted in his farewell address," says Wilkerson. Col. Wilkerson has seen firsthand how military expenditures create a devastating feedback loop with politics. "The country marches on to yet another war, another trillion dollar fiasco, another bloodbath for young men and women who are signed up because they were bribed to do so," says Col. Wilkerson. He says "bribed" unapologetically, as the U.S. military relies disproportionately on personnel from have-not states to fill its ranks. The expenditures, however, don't benefit the troops. "The divorce rate: off the charts in the services now. Suicide rate: off the charts in the services now. More post-traumatic stress then you'd ever imagine," Col. Wilkerson explains. "We are almost $22 trillion in debt right now. We've not been this far in debt since the last year of World War Two."
Note: Read a two-page summary of General Smedley Butler's important book, titled "War is a Racket". For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
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."
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.
[During] the "swine flu affair of 1976" ... a US president decided to rush a vaccine to the entire American population based on ill-founded science and political imprudence. The mistakes that followed hold lessons for today. Lawsuits, side-effects and negative media coverage followed, and the events dented confidence in public health for years to come. It began at a US Army training base. In February 1976, several soldiers at Fort Dix fell ill with a previously unrecognised swine flu. In March, President Ford announced a $137m (Ĺ67.5m in 1976) effort to produce a vaccine by the autumn. Its goal was to immunise every man, woman and child in the US. The president himself was vaccinated on television on 14 October, further heightening perceptions that this was a politicised event. As has happened throughout the Covid-19 pandemic of 2020, the scientists could only give the best advice they could based on incomplete knowledge. As the months continued – still with no outbreak – new problems arose. Millions of vaccinations meant dozens of cases of Guillain-Barre syndrome, a rare problem where the body's immune system attacks the nerves. The swine flu strain spotted at Fort Dix was not dangerous, and there would be no pandemic. When politicians in the present day talk of "the science" as if it is a complete body of knowledge, a manual for what to do, it neglects the uncertainty of evidence and ignores that science is a human endeavour. The swine flu affair, the New York Times concluded, had been a "sorry debacle" and "fiasco" marked by political expediency and unwarranted confidence.
Note: Watch an incrediby revealing "60 Minutes" video clip on this tragic story of greed and corruption at the highest levels. Read also a Los Angeles Times article on this 1976 "debacle" where only one died from the flu while at least 25 died from the vaccine. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and vaccines from reliable major media sources.
At least 50 journalists in the US have been arrested during Black Lives Matter demonstrations across the US, while dozens of others have also been injured by rubber bullets, pepper spray and tear gas. The US Press Freedom Tracker has collected nearly 500 incidents from 382 reports, from the unrest in Minneapolis in the wake of George Floyd‘s killing by police in late May, to demonstrations in more than 70 cities across 35 states since. At least 46 journalists were arrested between the end of May and the beginning of June. Dozens of others reported injuries from law enforcement, firing “less lethal” projectiles, tear gas canisters and other weapons into crowds or directly at reporters during demonstrations, even when they had identified themselves and shown credentials. Two reporters have suffered permanent eye injuries. The latest reports mark a significant spike since the end of May, when nationwide protests started, at which point the organisation had recorded only five arrests and 26 attacks for the entire year. But by the end of the month, the number of attacks had increased nearly five times. “The conversations and reckoning that lie ahead of us as a country are taking shape right now,” Press Freedom Tracker managing editor Kristin McCudden said. “What’s happened in 70 cities in more than 30 states across the nation in one month is unlike anything we’ve seen in modern history and surpasses the Tracker’s entire ... history of documentation.”
Note: Read more about the violent attacks on members of the media by police this year. For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the erosion of civil liberties from reliable major media sources.
A song from South Africa that has gone around the world and been endorsed by presidents and priests has become the sound of the pandemic for millions across southern Africa. Last week the Jerusalema dance challenge was endorsed by President Cyril Ramaphosa. The simple dance routine to the 2019 hit Jerusalema by Master KG and Nomcebo Zikode has provided an uplifting soundtrack for difficult times. In February, as lockdowns began to seem like a possibility, it was a group of friends in Angola who shot a video dancing to the song that sparked the global trend. In the video, over lunch, a group of young men holding plates of food start to demonstrate the dance routine to their female counterparts who then join in. It was followed by another video from Portugal, setting the tone for how international the #JerusalemaDanceChallenge would prove to be. “It is a dance that was done by people from Angola, then Portugal followed and it just went viral from that point,” Master KG said. Clips of dancers across the globe now include nuns, construction workers, police officers, waiters and fuel attendants. Emotional videos of healthcare workers in South Africa, Zimbabwe, Italy, the Democratic Republic of the Congo, the US, Australia and Puerto Rico have become an uplifting source of hope for patients fighting Covid-19. Not to be outdone are newly married couples who have used the dance to celebrate their love while the sight of Catholic priests dancing to Jerusalema raised eyebrows among spectators.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
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.
Moderna, Pfizer, AstraZeneca, and Johnson & Johnson are leading candidates for the completion of a Covid-19 vaccine likely to be released in the coming months. These companies have published their vaccine trial protocols. Close inspection of the protocols raises surprising concerns. These trials seem designed to prove their vaccines work, even if the measured effects are minimal. Prevention of infection is not a criterion for success for any of these vaccines. In fact, their endpoints all require confirmed infections and all those they will include in the analysis for success, the only difference being the severity of symptoms between the vaccinated and unvaccinated. Measuring differences amongst only those infected by SARS-CoV-2 underscores the implicit conclusion that the vaccines are not expected to prevent infection, only modify symptoms of those infected. We all expect an effective vaccine to prevent serious illness if infected. Three of the vaccine protocols - Moderna, Pfizer, and AstraZeneca - do not require that their vaccine prevent serious disease only that they prevent moderate symptoms which may be as mild as cough, or headache. A vaccine must significantly or entirely reduce deaths from Covid-19. None list mortality as a critical endpoint.
Note: Read also this article in BMJ (British Medical Journal) titled "Will covid-19 vaccines save lives? Current trials aren't designed to tell us." And this CNBC article is titled "Dr. Fauci says masks, social distancing will still be needed after a Covid-19 vaccine." For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccine issues from reliable major media sources.
California plans to ban the sale of new gasoline-powered cars statewide by 2035, Gov. Gavin Newsom said Wednesday, in a sweeping move aimed at accelerating the state’s efforts to combat global warming amid a deadly and record-breaking wildfire season. In an executive order, Governor Newsom directed California’s regulators to develop a plan that would require automakers to sell steadily more zero-emissions passenger vehicles in the state, such as battery-powered or hydrogen-powered cars and pickup trucks, until they make up 100 percent of new auto sales in just 15 years. The plan would also set a goal for all heavy-duty trucks on the road in California to be zero emissions by 2045 where possible. And the order directs the state’s transportation agencies to look for near-term actions to reduce Californian’s reliance on driving by, for example, expanding access to mass transit and biking. “This is the next big global industry,” Governor Newsom said at a news conference on Wednesday, referring to clean-energy technologies such as electric vehicles. “And California wants to dominate it.” California has long cast itself as a global leader on climate-change policy, having already passed a law to get 100 percent of its electricity from wind, solar and other sources that don’t produce carbon dioxide by 2045.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
New data from Strava, the fitness tracking app used by 68 million global users, shows that several U.S. cities saw significant year-over-year growth in both bike trips and cyclists in much of 2020. Among the six U.S. cities for which Strava provided data, Houston and Los Angeles, two sprawling metropolises where just .5% and 1% of the respective populations biked to work in pre-pandemic times, stand out. In Houston, the total volume of cycling trips ... was 138% higher in May 2020 than in May 2019. In Los Angeles, the jump was 93%. Unlike their peers, these two places also saw cycling increases in April, the first full month of widespread stay-at-home order and economic shutdowns. Yet other major cities saw more people pedaling this spring and summer. After a drop in trips in April, New York City saw a steady rise in cycling in the ensuing months, with nearly 80% year-over-year growth in trips for July. Chicago saw significant, though more modest, increases, with a 34% bump that same month. Research by the U.S. Centers for Disease Control comparing Strava users who track their bike and walking commutes on the app to U.S. Census Bureau commute data has found that Strava is a reliable indicator of how the broader population moves. On Wednesday, the company announced that a web platform that aggregates, de-identifies and analyzes Strava trips on foot or bike is now free for use by urban planners, city governments and street safety advocates who apply.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
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.
If you were to approve a coronavirus vaccine, would you approve one that you only knew protected people only from the most mild form of Covid-19, or one that would prevent its serious complications? The answer is obvious. You would want to protect against the worst cases. But that's not how the companies testing three of the leading coronavirus vaccine candidates, Moderna, Pfizer and AstraZeneca ... are approaching the problem. According to the protocols for their studies ... a vaccine could meet the companies' benchmark for success if it lowered the risk of mild Covid-19, but was never shown to reduce moderate or severe forms of the disease, or the risk of hospitalization, admissions to the intensive care unit or death. To say a vaccine works should mean that most people no longer run the risk of getting seriously sick. That's not what these trials will determine. Influenza vaccines ... reduce the risk of mild disease in healthy adults. But there is no solid evidence they reduce the number of deaths. In fact, significant increases in vaccination rates over the past decades have not been associated with reductions in deaths. Moderna and Pfizer acknowledge their vaccines appear to induce side effects that are similar to the symptoms of mild Covid-19. In Pfizer's early phase trial, more than half of the vaccinated participants experienced headache, muscle pain and chills. If the vaccines ultimately provide no benefit beyond a reduced risk of mild Covid-19, they could end up causing more discomfort than they prevent.
Note: Did you know that the FDA allows cancer cells to be used in vaccines? And the Vatican has stated "It is morally acceptable to receive Covid-19 vaccines that have used cell lines from aborted fetuses." For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources. Then explore the excellent, reliable resources provided in our Coronavirus Information Center.
Facebook has suspended the accounts of several environmental organizations less than a week after launching an initiative it said would counter a tide of misinformation over climate science on the platform. Groups such as Greenpeace USA, Climate Hawks Vote and Rainforest Action Network were among those blocked from posting or sending messages on Facebook over the weekend. Activists say hundreds of other individual accounts linked to indigenous, climate and social justice groups were also suspended. The suspended people and groups were all involved in a Facebook event from May last year that targeted KKR & Co, a US investment firm that is backing the Coastal GasLink pipeline, a 670km-long gas development being built in northern British Columbia, Canada. The suspensions, the day before another online action aimed at KKR & Co, has enraged activists who oppose the pipeline for its climate impact and for cutting through the land of the Wetʼsuwetʼen, a First Nations people. “Videos of extreme violence, alt-right views and calls for violence by militias in Kenosha, Wisconsin, are allowed to persist on Facebook,” said Delee Nikal, a Wet’suwet’en community member. “Yet we are banned.” Many of the accounts have now been restored, but a handful are still blocked. The suspensions came just a few days after the social media giant said it was launching a “climate science information center” to counter ... posts that reject the established science of the climate crisis.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable major media sources.
It came to be known as the Sunflower movement, a sudden three-week stand-off in 2014 between the government and Taiwanese protesters. Months later, government officials arrived at a ... university campus to ask for the help of a group that few knew even existed: the civic hackers. Taiwan's civic hackers were organized around a leaderless collective called g0v (pronounced "gov zero.") Many believed in radical transparency ... and in the idea that everyone who is affected by a decision should have a say in it. They preferred establishing consensus to running lots of majority-rule votes. These were all principles, incidentally, that parallel thinking about how software should be designed – a philosophy that g0v had begun to apply to the arena of domestic politics. As g0v saw it, the problem of politics was essentially one of information. They needed a way not to measure division, but construct consensus. The hackers' answer was called vTaiwan. The platform invites citizens into an online space for debate that politicians listen to and take into account when casting their votes. As people expressed their views, rather than serving up the comments that were the most divisive, it gave the most visibility to those finding consensus. Soon, vTaiwan was being rolled out on issue after issue, especially those related to technology, and each time a hidden consensus was revealed. "Invariably, within three weeks or four, we always find a shape where most people agree on most of the statements." Most valuable of all, by clearing away the noise and divisiveness, vTaiwan created outcomes that the government could actually act on. It has formed the core of around a dozen pieces of laws and regulations now implemented in Taiwan, on everything from revenge porn to fintech regulation. More are waiting to be passed. The system's potential to heal divisions, to reconnect people to politics, is a solution made for the problems of our age.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades. Britain-based HSBC Holdings Plc, Standard Chartered Plc and Barclays Plc, Germany's Deutsche Bank AG and Commerzbank AG, and U.S.-headquartered JPMorgan Chase & Co and Bank of New York Mellon Corp were among the lenders named in the report by the International Consortium of Investigative Journalists and based on leaked documents. The report was based on 2,100 leaked suspicious activity reports (SARs), covering transactions between 1999 and 2017, filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN). Banks are required to file an SAR whenever handling funds that cause grounds for suspicion of criminal activity. The reports revealed broader problems with the monitoring system at the heart of global policing of money laundering and other criminal activity. Investors worried about the potential fallout for global banks, many of which have faced hefty fines in the past for lapses in controls and spent billions of dollars to bolster compliance. "It confirms what we already knew: that there are huge amounts of SARs being filed with relatively low numbers of cases brought through to prosecution,” said Etelka Bogardi, a Hong Kong-based financial services partner at Norton Rose Fulbright. "It also brings out the point that managing financial crime risk goes beyond making SARs," Bogardi said.
Note: The original ICIJ report is titled “Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists.” Compare with the title of the New York Times article on this, “Banks Suspected Illegal Activity, but Processed Big Transactions Anyway.” A search on this topic shows that headlines of almost all major media have watered this down, likely to not upset the big banks. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.
More states and countries are coming to the conclusion that COVID-19 lockdowns like those in China and New Zealand are overly restrictive and too costly. People in democracies will simply not tolerate them. Sweden has "flattened the curve" of COVID-19 without ordering its citizens to stay inside. It has kept open its shops, schools for those under 16, and restaurants and bars. Its health authorities trusted its citizens to wash their hands and social distance without imposing laws. Anders Tegnell, the Swedish epidemiologist [said,] "We see no point in wearing a face mask." Swedish health authorities ... pride themselves on "following the science" and are highly respected. Sweden made a mistake ... when it, like the state of New York, sent recovering patients back to their nursing homes too soon (in the U.S., nursing home residents [and staff] account for ... 45% of COVID-19 fatalities). [Yet Swedish] schools stayed open with little risk to students. Studies from Sweden and the Netherlands ... have found teachers at no greater risk than the overall population. Sweden is approaching record lows while its European neighbors are seeing increasing rates. Sweden had about 30,000 new cases in June ... and was down to 7,000 new cases in August. During this time, cases took off in Spain, France and Germany. Sweden's current rate of positive tests is lower than those in Norway and Denmark. [Its] economy will contract by about 4.6%. In contrast, the European Union economy is expected to contract 11.9%. The U.S. economy contracted at a 32.9% annual rate between April and June. New Zealand's GDP contracted by 13.8% in the April-June period and has entered a recession, which Sweden has not.
Note: Explore a revealing article in the BMJ (formerly British Medical Journal) for more on Sweden's unusual success. Read a balanced, informative New York Times article written by a Swede about her experience there. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
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.
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.