Media ArticlesExcerpts of Key Media Articles in Major Media
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MDMA - the active ingredient in the banned street drug ecstasy - is safe and enhances the treatment of post-traumatic stress disorder when administered during psychotherapy, according to a new clinical trial. The US Food and Drug Administration-approved ... study included just 26 patients, all of them veterans, firefighters and police officers who developed PTSD as a result of trauma in the line of duty. PTSD ... affects about 8 million American in any given year. Continuing symptoms, including flashbacks and frightening thoughts, may lead to substance abuse, unemployment, family disruption and even suicide. Up to 72% of veterans who receive psychotherapy retain their PTSD diagnosis and frequently drop out of their treatment programs. "We only included people who had received prior treatment but still had clinically significant PTSD," [Dr. Michael C. Mithoefer, lead author of the study] said. Participants received ... about 13 hours of non-drug psychotherapy plus two eight-hour sessions of MDMA-assisted psychotherapy. Participants were randomly assigned to receive MDMA (orally) in one dose of either 30, 75 or 125 milligrams for each of the two MDMA-assisted psychotherapy sessions. One month after the second MDMA session, 68% of patients in the two higher-dose groups no longer qualified for a diagnosis of PTSD. One year later, 67% of all participants no longer qualified for a diagnosis of PTSD. Those participants who still met the criteria for PTSD experienced a reduction in symptoms, the researchers noted.
Note: Watch an engaging interview with one of the participants of the study at the link above. Read more about how MDMA has been found to be effective for treating PTSD in a therapeutic context. Articles like this suggest that the healing potentials of mind-altering drugs are gaining mainstream scientific credibility.
We all know how good being in nature can make us feel. In Japan, we practice something called forest bathing, or shinrin-yoku. Shinrin in Japanese means forest, and yoku means bath. So shinrin-yoku means bathing in the forest atmosphere, or taking in the forest through our senses. This is not exercise, or hiking, or jogging. It is simply being in nature, connecting with it through our senses of sight, hearing, taste, smell and touch. Shinrin-yoku is like a bridge. By opening our senses, it bridges the gap between us and the natural world. Numerous studies Ive conducted have shown that shinrin-yoku has real health benefits. So how does one go about forest bathing? First, find a spot. Make sure you have left your phone and camera behind. You are going to be walking aimlessly and slowly. You dont need any devices. Let your body be your guide. Listen to where it wants to take you. The key to unlocking the power of the forest is in the five senses. Let nature enter through your ears, eyes, nose, mouth, hands and feet. Listen to the birds singing and the breeze rustling in the leaves of the trees. Look at the different greens of the trees and the sunlight filtering through the branches. Smell the fragrance of the forest. Taste the freshness of the air as you take deep breaths. You can forest-bathe anywhere in the world wherever there are trees ... in rain, sunshine or snow. You dont even need a forest. Once you have learned how to do it, you can do shinrin-yoku anywhere in a nearby park or in your garden.
Note: The above is excerpted from the book "Forest Bathing: How Trees Can Help You Find Health and Happiness" by Dr. Qing Li. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
US government scientists have detected a weedkiller linked to cancer in an array of commonly consumed foods, emails obtained through a freedom of information request show. The Food and Drug Administration (FDA) has been testing food samples for residues of glyphosate, the active ingredient in ... widely used herbicide products, for two years, but has not yet released any official results. Documents obtained by the Guardian show the FDA has had trouble finding any food that does not carry traces of the pesticide. “I have brought wheat crackers, granola cereal and corn meal from home and there’s a fair amount in all of them,” FDA chemist Richard Thompson wrote to colleagues in an email last year regarding glyphosate. That internal FDA email ... is part of a string of FDA communications that detail agency efforts to ascertain how much of the popular weedkiller is showing up in American food. Glyphosate is best known as the main ingredient in Monsanto Co’s Roundup brand. More than 200m pounds are used annually by US farmers. Thompson’s detection of glyphosate ... will probably not be included in any official report. Separately, FDA chemist Narong Chamkasem found “over-the-tolerance” levels of glyphosate in corn, detected at 6.5 parts per million, an FDA email states. The legal limit is 5.0 ppm. An illegal level would normally be reported to the Environmental Protection Agency (EPA), but an FDA supervisor wrote to an EPA official that the corn was not considered an “official sample”.
Note: The negative health impacts of Monsanto's Roundup are well known. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.
All villages in India now have access to electricity, Prime Minister Narendra Modi has announced. This was achieved on Saturday when a remote village in the north-eastern state of Manipur became the last to be connected to the grid. A village is considered electrified if 10% of its homes and all public buildings are connected to the grid. World Bank figures show around 200 million people in India still lack access to electricity. Mr Modi said all of nearly 600,000 villages in India have now been given electricity connection. In August 2015, Mr Modi launched a $2.5bn (Ł1.8bn) scheme to electrify all Indian households by December 2018. As part of this scheme, all 597,464 inhabited villages in the country and more than five million households have been connected to the grid. Remote and inaccessible villages have always proved to be a major challenge in the country's electrification drive. Though most Indian villages have some electrical connection today, connecting the last remote households in the surrounding areas can be expensive. Some people may also forgo accessing electricity by choice because of the monthly bills that come with it, especially if power supply is not reliable and blackouts are frequent.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The Department of Justice has scrubbed and revised language concerning press freedom and civil rights from its manual for federal prosecutors. In a broad revamping - the first in over 20 years - a subsection titled “Need for Free Press and Public Trial” was taken out. "The purpose of that review is to identify redundant sections and language, areas that required greater clarity, and any content that needed to be added to help department attorneys perform core prosecutorial functions," Ian D. Prior, a spokesperson for the Department of Justice, [said]. "Taken in isolation, I’m not sure how much we should read into the language changed in the DOJ manual," Alexandra Ellerbeck, the North America program coordinator for the Committee to Protect Journalists, told Newsweek. Ellerbeck pointed out, however, that removing the “need for the free press” section is concerning, considering the level of hostility toward journalists. Since President Donald Trump has taken office, he has popularized the term "fake news". The administration has also made repeated threats to go after leakers, Ellerbeck said. Attorney General Jeff Sessions said in November there are 27 open leak investigations. In comparison, Sessions noted that during former President Barack Obama's administration, the DOJ investigated "three per year." Reporters Without Borders released its annual World Press Freedom Index last week and cited an increasing sense of “hostility” toward the media. The U.S. fell back two places in rankings.
Note: The NSA recently deleted the terms "honesty" and "openness" from its mission statement. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the manipulation of mass media.
The European Union has made a key breakthrough to completely ban pesticides that harm bees and their crop pollination. The 28 member states got a large majority backing the ban on the three prevalent neonicotinoid pesticides which will take effect at the end of the year. The decision builds on a limited ban which has been in effect since 2013. Antonia Staats of the Avaaz campaign group on Friday called it a “beacon of hope for bees. Finally our governments are listening.” Over the past several years, there’s been an alarming drop in bee populations and there were fears it would start to seriously affect crop production since bees are necessary for the spread of pollen and reproduction.
Note: Neonicotinoid pesticides have been found to negatively impact bee reproduction. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.
A new national investigation by The Atlanta Journal-Constitution has uncovered 450 cases of doctors who were brought before medical regulators or courts for sexual misconduct or sex crimes in 2016 and 2017. In nearly half of those cases, the AJC found, the doctors remain licensed to practice medicine, no matter whether the victims were patients or employees, adults or children. Even some doctors criminally convicted are back in practice, demonstrating that a system that forgives doctors — first exposed by the AJC in 2016 — has not changed. Dr. Richard Martin Roberts is still allowed to see patients in Texas even though a medical board disciplinary panel in November 2017 found he repeatedly conducted unwarranted genital exams on young girls. “Only doctors get to do this,” he told one, a 7-year-old he was supposed to be examining for a learning disability. Doctors benefit from a system where victims are often not believed [and] criminal charges for physician sex abuse are rare. At a time when powerful men in business and politics are losing careers over sexual misconduct, America’s doctors remain a baffling exception, impervious to the power of the #MeToo movement. The AJC’s new investigation found that medical boards still routinely handle serious sexual misconduct as an illness or lapse in training that should be dealt with through therapy, education and watchful eyes in exam rooms. In 31 states, cases can be hidden from the public through private board actions.
Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals and health.
The National Memorial for Peace and Justice, which opens on Thursday, is a place unlike any other in the United States. Together with a new Legacy Museum which also opens this week, it addresses head on a subject that has been marked by a booming silence until now – the enforcement of white supremacy in America through racial terrorism in the form of lynching, as well as its other guises: slavery, segregation and modern mass incarceration. The memorial records and honors the more than 4,000 people of color ... who lost their lives to terror lynching. [It] sits audaciously atop a hill overlooking the heart of Montgomery. From its grounds you look down on the state capitol, the legislative beating heart of Alabama that acted as the first capital of the Confederacy and presides over a state constitution that to this day outlaws white and black kids going to school together: in 2004 and 2012 Alabamans held referendums on whether to remove the racist ban; both times the overwhelmingly white majority voted to keep it. [Equal Justice Initiative] has identified more than 4,384 lynchings by white people of people of colour [from] 1877 to 1950. They spanned 800 counties. Huge crowds often turned out: 10,000 to watch Henry Smith, 17, tortured and burned on a 10ft-high stage in Paris, Texas in 1893; 20,000 at the burning alive of Willy Brown in Omaha, Nebraska in 1919. Such was the communal complicity that sometimes entire white communities would attend – to a man, woman and child.
Note: For more along these lines, see concise summaries of deeply revealing civil liberties news articles from reliable major media sources.
President Trump vowed last year to release all the long-secret files related to the JFK assassination, but the administration announced Thursday that some documents will remain redacted until October 2021 for national security reasons. Trump gave the CIA, FBI and other agencies a deadline of April 26 to release documents related to the investigation into President John F. Kennedy’s assassination by Lee Harvey Oswald on Nov. 22, 1963, in Dallas. Trump ... had promised to release the entirety of the 5 million pages of records, most of which have been available since the late 1990s. Jefferson Morley, a former Washington Post staff writer ... said in an interview that he was disappointed by Trump’s decision to delay the full release for another three years and, possibly, beyond. “Trump said that all the JFK files will be released, but the truth is that thousands of JFK files are still secret. The clear intent of Congress was to have these released last October and now we’re talking about 2021,” Morley said. “The point is that the CIA wants to keep this secret forever. It’s a very clear statement of intent.” Morley also said that the Trump administration is not complying with the stipulations of the Kennedy Records Act, which requires that the administration provide declassified explanations for withheld documents. Morley, who has been fighting the CIA in federal court for the last 15 years ... said he was quickly going through the 19,000 files that were released Thursday and came across redactions that made little sense to him.
Note: See this USA Today article for a summary of files released in 2017 on the JFK assassination. For more along these lines, see concise summaries of deeply revealing assassinations news articles from reliable major media sources.
One in 59 US children has autism, according to a new report from the US Centers for Disease Control and Prevention. The new estimate represents a 15% increase from two years prior and a 150% increase since 2000. Autism spectrum disorder, a developmental disability, is characterized by problems with communication and social interaction with accompanying repetitive behavior patterns. The CDC launched the Autism and Developmental Disabilities Monitoring Network in 2000 to collect data that would provide estimates of the prevalence of autism spectrum disorder and other developmental disabilities. The agency ... developed a methodology for estimating autism prevalence using information from children's health and education records. The new estimated rate of autism in the United States is based on data collected from 11 communities in Arizona, Arkansas, Colorado, Georgia, Maryland, Minnesota, Missouri, New Jersey, North Carolina, Tennessee and Wisconsin. About 8% of all 8-year old children living in the US [live in these communities]. Overall, fewer than half of the children identified with autism had received their first diagnosis by the time they were 4 years old, the new CDC report finds. Also, the definition of autism has changed through the decades. In the past, more than half of children identified with autism also had intellectual disability, and now it's about a third.
Note: The above article carefully avoids mentioning the link between autism and environmental toxins such as mercury additives in vaccines. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.
Social trends among California youth have been spectacular. Over the last generation, rates of arrests of Californians under age 20 have fallen by 80 percent, murder arrest by 85 percent, gun killings by 75 percent, imprisonments by 88 percent, births by teen mothers by 75 percent, and school dropout by more than half while college enrollments have risen 45 percent. Back in 1980, teenagers comprised 27 percent of California’s criminal arrests. Today, 9 percent. Anecdotes of kids gone wrong remain, but they’re rarer than ever. Modern youth trends challenge traditional theories of what makes teenagers act better. Family stability and adult behaviors have not improved; in fact, epidemics of drug abuse, criminal arrest, and incarceration plague middle ages (the parents of adolescents). High levels of poverty among youth remain. Recurring panics over video games, smartphones, and other made-up teenage dangers need to yield to efforts to improve education and reduce poverty. Today’s more education-oriented, activist youth deserve to contribute to political decisions and leadership. By their behavior changes and survey evidence, young people are better adapted to today’s rapidly changing world than their elders.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
At least one-third of early deaths could be prevented if everyone moved to a vegetarian diet, Harvard scientists have calculated. Dr Walter Willett, professor of epidemiology and nutrition at Harvard Medical School said the benefits of a plant-based diet had been vastly underestimated. "Looking at the question of how much could we reduce mortality shifting towards a healthy, more plant based diet, not necessarily totally vegan ... our estimates are about one third of deaths could be prevented," [he said]. “That’s not even talking about physical activity or not smoking, and that’s all deaths, not just cancer deaths. That’s probably an underestimate as well as that doesn’t take into account the fact that obesity is important and we control for obesity." Dr Neal Barnard, president of the Committee for Responsible Medicine also said people need to wake up to the health benefits of vegetarianism and veganism. “I think we’re underestimating the effect,” he told delegates. “I think people imagine that a healthy diet has only a modest effect and a vegetarian diet might help you lose a little bit of weight. But when these diets are properly constructed I think they are enormously powerful. A low-fat vegan diet is better than any other diet I have ever seen for improving diabetes. With regards to inflammatory diseases like rheumatoid arthritis we are seeing tremendous potential there too. Partly because of things we are avoiding and cholesterol but also because of the magical things that are in vegetables and fruits.”
Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.
LeeAnne Walters was one of the activists who brought Flint’s brown, lead-laden water to the world’s attention, thrusting plastic bottles of dingy liquid into camera lenses and the national consciousness. Four years later, you might think things have improved in the Michigan city. But Walters is still bathing her kids in bottled water, which she heats on the stove in four separate pots and a plastic bowl in the microwave. “I know as far as the lead in the water that’s OK, but it’s the lack of trust that was never rebuilt,” said Walters. It is four years since the ... public health crisis. In the aftermath, Flint received presidential visits, millions of dollars in donations and government aid. It is the subject of scientific studies. Walters has now won the Goldman environmental prize for activism. But, despite all this attention, regular people feel that little has changed since the crisis. Debra Furr-Holden, a researcher at Michigan State University ... said even though federal agencies flung themselves at the city, “the impact of their presence is not known or real for the residents”. For the roughly 100,000 people who live here, the damage is done. The list of physical ailments is long. Flint resident Keri Webber’s ... daughters, variously, have kidney damage, fatty liver, anemia and lead-laden bones. Other Flint residents have had recurring skin rashes. There were so many miscarriages in Flint that University of Kansas economists found the fertility rate dropped by 12%, and fetal death shot up by 58%. The mental scars are as tangible as the physical.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health.
It looks like an ordinary commercial warehouse, only much bigger. When the lights come on, hundreds of thousands of shrink-wrapped boxes of medicines emerge from the gloom, stacked on shelves nearly five stories high. This [warehouse] and several others across the country are part of the $7 billion Strategic National Stockpile, a government repository of drugs and supplies ready for deployment in a bioterrorism or nuclear attack, or ... other major public health emergency. For nearly two decades, the repository has been almost exclusively managed by the Centers for Disease Control and Prevention. That will change under a Trump administration plan to shift oversight of the $575 million program. Public health officials and members of Congress ... worry the move will disrupt a complex process that relies on long-standing relationships. Experts also question whether the administration’s plan will politicize decision-making about products bought for the stockpile. The office of the assistant secretary for preparedness and response (ASPR) oversees the process by which the government awards contracts to private biotechnology companies that develop and manufacture medicines. The CDC then is responsible for buying and replenishing the materials. Come October, however, the ASPR will be in charge of choosing the products and then purchasing them for the stockpile. Critics say it will allow biotech companies to lobby for more of their specialized, and often more expensive, drugs to be included.
Note: With a $7 billion price tag, big Pharma is making money hands over fist on this repository which is almost never used. Most of these drugs have a shelf life of well under 10 years, so major parts of this huge inventory go to waste every year and have to be disposed of. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and Big Pharma profiteering from reliable major media sources.
The founder of a citizens' movement that helped expose the water crisis in Flint, Michigan, is one of the recipients of the prestigious Goldman Environmental Prize. Nearly 100,000 residents of Flint were left without safe tap water after lead began leaching into the supply. Mother of four LeeAnne Walters led a citizens' movement that tested the tap water to expose the health threat. In 2014, the water in Ms Walters' home turned brownish and she noticed rashes on her three-year-old twins. Her daughters' hair then fell out in clumps. Walters ... then teamed up with environmental engineer Dr Marc Edwards, from Virginia Tech, who helped her conduct extensive water testing in the city. She methodically sampled each zip code in Flint and set up a system to ensure the integrity of the tests. They showed lead levels as high as 13,200 parts per billion in some parts of the city - more than twice the level classified as hazardous waste by the US Environmental Protection Agency (EPA). The contamination was traced to the city switching its water supply away from Detroit's system, which draws from Lake Huron, and beginning instead to draw water from the Flint River. This switch was meant to save the city millions of dollars. But the water from the Flint River was more corrosive than Lake Huron's water and the pipes began leaching lead, which is a powerful neurotoxin. The city has since switched back to using Detroit's water system. But Flint continues to wrestle with the aftermath of the crisis.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health.
As more states legalize marijuana, there's growing interest in a cannabis extract — cannabidiol, also known as CBD. It's marketed as a compound that can help relieve anxiety - and, perhaps, help ease aches and pains, too. CBD doesn't have the same mind-altering effects as marijuana, since it does not contain THC, the psychoactive component of the plant. "There's good evidence to suggest that CBD could be an effective treatment of anxiety and addiction" and other disorders, says Dr. Esther Blessing, a psychiatrist and researcher at New York University. "But we need clinical trials." Small, short-term human studies ... suggest CBD exhibits anti-inflammatory and anti-anxiety properties. These preliminary findings piqued Blessing's interest. For instance, she points to a 2011 study of a few dozen people, some of whom had social anxiety disorder, who were asked to speak in front of a large audience. Researchers compared anxiety levels in people after they took CBD, compared to those who got the placebo or nothing at all. "People who took CBD reported significantly less anxiety" compared to those who got the placebo, Blessing says. Though CBD supplements are widely available for sale, a legal murkiness surrounds marijuana extracts. Even if you live in a state where marijuana use is legal, the federal Drug Enforcement Administration still classifies the CBD extract as a Schedule 1 substance — the DEA's most restricted category.
Note: Read more about the use of CBD to treat epilepsy and other serious conditions. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.
Scientists are preparing to launch the world's first machine to clean up the planet's largest mass of ocean plastic. The system, originally dreamed up by a teenager, will be shipped out this summer to the Great Pacific Garbage Patch, between Hawaii and California, and which contains an estimated 1.8 trillion pieces of plastic. Experts believe the machine should be able to collect half of the detritus in the patch – about 40,000 metric tons – within five years. The Great Pacific Garbage Patch (GPGP) spans 617,763 sq miles. Seabirds and other marine life are increasingly being found dead with stomachs full of small pieces of plastic. Creatures eat plastic discarded in the sea thinking it’s food but then starve to death because they are not feeding properly. Others are trapped and die of starvation. The system to tackle the largest swirling mass of rubbish in the Pacific has been designed by a non-profit technology firm called The Ocean Cleanup, set up by Dutch inventor Boyan Slat when he was an 18-year-old aerospace engineering student. The clean-up contraption consists of 40ft pipes ... that will be fitted together. Filled with air, they will float on the ocean's surface in an arc, and have nylon screens hanging down below forming a giant floating dustpan to catch the plastic rubbish that gathers together when moved by the currents. The screens, however, will be unable to trap microplastics – tiny fragments. They plan to have 60 giant floating scoops, each stretching a mile from end to end. Boats will go out to collect debris every six to eight weeks.
Note: More than 50 species of fish have been found to consume plastic trash. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.
Philip Zimbardo is understandably tired of being associated with the darker sides of human behavior. Yet the 85-year-old San Francisco psychologist, who taught at Stanford for 50 years ... knows that history has a way of flattening careers into one landmark accomplishment. For Zimbardo, that would be the 1971 Stanford Prison Experiment. Zimbardo devised a mock jail in the basement of Stanford’s Jordan Hall to study the psychology of imprisonment. All hell broke loose ... and Zimbardo, the “warden,” abruptly cut the study short. Ever since, his prison experiment has been cultural shorthand for proof [that] depersonalized circumstances [can turn] anyone temporarily into a tyrant. Embedded within Zimbardo’s findings on the “banality of evil” was the kernel of a vastly more positive and, he believes, more broadly consequential idea: heroism training. “If essentially good people are capable of evil, then can’t any of us also be inspired and trained to act heroically?” he asks. The Heroic Imagination Project was launched in 2010. “I worked with a team of academics to develop six three-hour-long lessons on transforming passive bystanders into active heroes,” [Zimbardo said]. The key to “awakening everyone’s heroic instincts,” Zimbardo said, is twofold: first, redefining who a hero is. “We must ... promote the idea that heroes are ordinary people who take extraordinary action.” Second, it’s about having a ... belief that our abilities and aptitudes aren’t static but can be developed over time.
Note: Watch a video of Zimbardo's talk titled, "What Makes a Hero?." Explore an excellent essay on moving beyond duality which talks about Zimbardo's experiments.
A television actress best known for playing a young Superman’s close friend was charged with sex trafficking. Allison Mack was accused in an indictment unsealed Friday in federal court in Brooklyn. Mack, 35, starred in The CW network’s “Smallville,” ending in 2015. Prosecutors said she helped recruit women for leader Keith Raniere and his cult-like organization called NXIVM. She told the women they were joining what was purported to be a female mentorship group. But “the victims were then exploited, both sexually and for their labor,” according to federal prosecutors. Prosecutors said she required women she recruited to engage in sexual activity with Raniere, who paid Mack in return. Raniere, 57, was arrested last month. The FBI has filed sex trafficking charges against him, saying that with the help of mostly female assistants, he blackmailed and coerced women into unwanted sex. Raniere sold himself as a self-improvement guru. NXIVM promoted Raniere’s teachings as a kind of mystical, executive coaching. Women who were part of a NXIVM subgroup [came] forward to say that they had been physically branded with a surgical tool against their will. Prosecutors said in court papers that Raniere created a society within NXIVM called “DOS” - an acronym based on a Latin phrase that loosely translates to “Lord/Master of obedient female companions.” Women were required to provide damaging material about their friends and family, naked photos and even sign over their assets as a condition for joining, they said.
Note: Watch the revealing video at the above link. For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals and mind control.
The nation's six big Wall Street banks posted record, or near record, profits in the first quarter. While higher interest rates allowed banks to earn more from lending in the first quarter, the main boost ... came from the billions of dollars they saved in taxes under the tax law Trump signed in December. Combined, the six banks saved at least $3.59 billion last quarter, according to an Associated Press estimate, using the bank's tax rates going back to 2015. Before the change in tax law, the maximum U.S. corporate income tax rate was 35 percent, not including what companies paid in state income taxes. Banks historically paid some of the highest taxes among the major industries, due to their U.S.-centric business models. Before the Trump tax cuts, these banks paid between 28 to 31 percent of their income each year in corporate taxes. The results released over the past week show how sharply those rates have dropped. JPMorgan Chase said it had a first-quarter tax rate of 18.3 percent, Goldman Sachs paid just 17.2 percent in taxes, and ... Citigroup, had a tax rate of 23.7 percent. This is just one quarter's results. Bank executives at the big six firms have estimated that their full-year tax rates will be something closer to 20 percent to 22 percent. The AP's calculations are roughly in line with what Wall Street analysts predicted. Bank industry analyst Mike Mayo ... estimated that that the big U.S. banks combined would save roughly $19 billion in taxes for the full year.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.
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.