News ArticlesExcerpts of Key News Articles in Major Media
Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.
Small teams of U.S. Special Operations forces are involved in a low-profile proxy war program on a far greater scale than previously known. While The Intercept and other outlets have previously reported on the Pentagon's use of the secretive 127e authority in multiple African countries, a new document obtained through the Freedom of Information Act offers the first official confirmation that at least 14 127e programs were also active in the greater Middle East and the Asia-Pacific region as recently as 2020. In total, between 2017 and 2020, U.S. commandos conducted at least 23 separate 127e programs across the world. Separately, Joseph Votel, a retired four-star Army general who headed both Special Operations Command and Central Command, which oversees U.S. military efforts in the Middle East, confirmed the existence of previously unrevealed 127e "counterterrorism" efforts in Egypt, Lebanon, Syria, and Yemen. Basic information about these missions – where they are conducted, their frequency and targets, and the foreign forces the U.S. relies on to carry them out – are unknown even to most members of relevant congressional committees and key State Department personnel. Through 127e, the U.S. arms, trains, and provides intelligence to foreign forces. 127e partners are then dispatched on U.S.-directed missions, targeting U.S. enemies to achieve U.S. aims. "If someone were to call a 127-echo program a proxy operation, it would be hard to argue with them," [said a former senior defense official].
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
We got a touching email Wednesday from a 30-year veteran of a Massachusetts police force. He wrote that his distinguished career "was all tarnished ... after I reported (an) officer lying on the stand and going to the FBI." He was responding to an investigative story we published this week, Behind the Blue Wall, that documented how often police whistleblowers face retaliation for reporting misconduct. They have been threatened, fired, jailed, one was even forcibly admitted to a psychiatric ward. "I want to personally thank you for bringing this to light," the officer wrote. "You were able to write what I have experienced for the last 6 years. After reading this I took a deep breath and for the first time since this began I feel liberated from the stigma of being a rat, untruthful, discredited." Police covering for colleagues, and punishing those who don't, isn't new. But with this investigation, we wanted to quantify, for the first time, the extent of the problem and how it impacts the whistleblowers. Reporters sent out 400 public records requests and secured tens of thousands of pages of records. They found 300 cases in the past decade where an officer helped expose misconduct – a small window into how the system works. The vast majority of those cases ended with those whistleblowers saying they faced retaliation. "Whistleblowing is a life sentence," former Chicago undercover narcotics officer Shannon Spalding told our team. She faced death threats ... after she exposed corruption that led to dozens of overturned convictions.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
Paul Marik, MD, one of the most highly published critical care physicians in the world and the Director of the ICU at Sentara Norfolk General Hospital, was recently told by Sentara Healthcare that he could no longer administer a range of highly effective COVID-19 treatments to critically ill patients - the same treatments he has successfully used to reduce COVID deaths in the ICU by as much as 50%. The result of the prohibition has been a sharp increase in patient mortality. Because Dr. Marik can no longer stand by while patients needlessly die without proper treatment, he has filed a lawsuit to allow him and his colleagues to administer the combination of FDA-approved drugs and other therapies that has saved thousands of critically ill COVID-19 patients in the last 18 months. The Complaint filed today in the Circuit Court for the City of Norfolk, Virginia states that Sentara Healthcare is "preventing terminally ill COVID patients from exercising their right to choose and to receive safe, potentially life-saving treatment determined to be appropriate for them by their attending physician." Under Virginia law, every patient has the right to receive treatment deemed appropriate for them by their attending physician, and terminally ill patients have the right to try investigational medicines that their treating physician recommends. Through its arbitrary prohibition of the COVID-19 treatment protocol ... Sentara is violating the law and unjustly depriving critically ill patients of lifesaving treatment.
Note: Watch a video detailing successes with these treatments and obstruction by authorities of these life-saving treatments. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Lowering prescription drug prices is among the Biden administration's most urgent priorities. But the drug industry is spending big to keep that from happening. A new compromise on Capitol Hill would offer some relief from high prices by gradually allowing Medicare to negotiate drug prices similar to private insurers for the first time, while capping out of pocket costs at $2,000 and setting limits on the cost of insulin. The pharmaceutical industry has spent nearly $263 million on lobbying so far this year, employing three lobbyists for every member of Congress, according to OpenSecrets, which tracks money in politics. Millions of those dollars are in the form of campaign donations. "They have really endless resources to throw at shaping the outcomes of legislation," said Sheila Krumholz, the executive director of OpenSecrets. Congressman Scott Peters, a Democrat, sparked protests outside his San Diego district office when he came out against a plan to cut drug costs for seniors earlier this year. He's received nearly $130,000 from the industry this year. About $100,000 has been donated to Democratic Senator Kyrsten Sinema this year. Senator Robert Menendez, also a Democrat, has taken nearly $80,000 in 2021. "Bottom line is I'm supporting a price negotiation bill that has been worked out," ... Menendez said when asked what message he's sending by taking money from the pharmaceutical industry.
Note: This article fails to mention that big Pharma spends more than any other sector on lobbying and also is the largest sponsor of advertising in the major media. Do you think the media and Congress are biased by this? For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry from reliable major media sources.
Even if you have never set foot in China, Hikvision's cameras have likely seen you. By 2017, Hikvision had captured 12 percent of the North American market. Its cameras watched over apartment buildings in New York City, public recreation centers in Philadelphia, and hotels in Los Angeles. Police departments used them to monitor streets in Memphis, Tennessee, and in Lawrence, Massachusetts. London and more than half of Britain's 20 next-largest cities have deployed them. A recent search for the company's cameras, using Shodan, a tool that locates internet-connected devices, yielded nearly 5 million results, including more than 750,000 devices in the United States. Among the policies that Hikvision's products have supported is China's wide-ranging crackdown against the predominantly Muslim Uyghurs and other minority groups in the western province of Xinjiang. Far from being appalled by Hikvision's role in China's atrocities, however, plenty of foreign leaders are intrigued. They see an opportunity to acquire tools that could reduce crime and spur growth. Of course, the authoritarian-leaning among them also see a chance to monitor their domestic challengers and cement their control. The use of military language ... heightens the sense that these tools can easily become weapons. Cameras can be set to "patrol." "Intrusion detection" sounds like a method for defending a bank or a military base. Hikvision's cameras do not check identities. They "capture" faces.
Note: For more, see this Bloomberg article titled "Blacklisted Chinese Tech Found Inside Top Secret UK Lab." For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the disappearance of privacy from reliable major media sources.
On 28 July 2021, Pfizer and BioNTech posted updated results for their ongoing phase 3 covid-19 vaccine trial. The preprint came almost a year to the day after the historical trial commenced, and nearly four months since the companies announced vaccine efficacy estimates "up to six months.". But you won't find 10 month follow-up data here. While the preprint is new, the results it contains aren't particularly up to date. Since late last year, we've heard that Pfizer and Moderna's vaccines are "95% effective." Measuring vaccine efficacy two months after dosing says little about just how long vaccine-induced immunity will last. "Waning immunity" is a known problem for influenza vaccines, with some studies showing near zero effectiveness after just three months. And so the recent reports from Israel's Ministry of Health caught my eye. In early July, they reported that efficacy against infection and symptomatic disease "fell to 64%." By late July it had fallen to 39% where Delta is the dominant strain. This is very low. For context, the FDA's expectation is of "at least 50%" efficacy for any approvable vaccine. Now Israel, which almost exclusively used Pfizer vaccine, has begun administering a third "booster" dose to all adults over 40. The US plans to follow suit. Until new clinical trials demonstrate that boosters increase efficacy above 50%, without increasing serious adverse events, it is unclear whether the 2-dose series would even meet the FDA's approval standard at six or nine months.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Last spring, Israel's remarkably swift vaccination campaign was seen as a global model. Coronavirus infections plummeted, an electronic pass allowed the vaccinated to attend indoor concerts and sporting events, and distancing rules and mask mandates were eventually scrapped. Israel offered the world a hopeful glimpse of the way out of the pandemic. No longer. A fourth wave of infections is rapidly approaching the levels of Israel's worst days of the pandemic last winter. The daily rate of confirmed new virus cases has more than doubled in the last two weeks, making Israel a rising hot spot. Restrictions on gatherings and commercial and entertainment venues were reinstated this week, and the government is considering a new lockdown. Some experts fear that Israel's high rate of infections among early vaccine recipients may indicate a waning of the vaccine's protections over time. The vaccine may be less effective at preventing infection with the highly contagious Delta variant. The vast majority of Israel's older population had received two doses of the Pfizer-BioNTech vaccine by the end of February, and by now about 78 percent of the population 12 and older are fully vaccinated. Data published by Israel's Ministry of Health in late July suggested that the Pfizer shot was just 39 percent effective against preventing infection in the country in late June and early July, compared with 95 percent from January to early April.
Note: Whatever happened to the 95% efficacy of the Pfizer vaccine? For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
There should be a serious accounting for the Afghanistan debacle. The United States waged its longest war in a distant, impoverished country. After two decades, more than 775,000 troops deployed, far more than $1 trillion spent, more than 2,300 U.S. deaths and 20,500 wounded in action, tens of thousands of Afghani civilian deaths, the United States managed to create little more than a kleptocracy. Rather than focusing on how we got out, it would be far wiser to focus on how we got in. The accounting can draw from the ... Afghanistan Papers project. The papers come from ... the Office of the Special Inspector General for Afghanistan Reconstruction, based on interviews with hundreds of officials who guided the mission. Their words are a savage and telling indictment. Under President George W. Bush, the early mission – to defeat al-Qaeda and get Osama bin Laden in response to the terrorist attacks of Sept. 11, 2001 – quickly turned to nation-building. That mission was an abject failure from the beginning. Adjusted for inflation, the United States spent more money developing Afghan institutions than it had spent to help all of Western Europe after World War II. Yet as Ryan Crocker, a former U.S. ambassador to Afghanistan concluded, the "single biggest project" stemming from the flood of dollars "may have been the development of mass corruption." Nearly $10 billion was spent to eradicate poppy production but as of 2018, Afghan farmers produced more than 80 percent of the global opium supply.
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption and war from reliable major media sources.
This month, ProPublica revealed that American billionaires essentially do not pay taxes, and within hours the White House had awkwardly promised no fewer than four federal investigations into the identity of the individual who had alerted the news organization to this fact. By Thursday, a North Carolina congressman was demanding the FBI director explain why he hadn't made any arrests or at the very least, "executed any search warrants or raided any offices" in the international manhunt for the leaker. ProPublica carefully chose the six billionaires whose tax returns it chose to single out for specific scrutiny. But ProPublica seems to have deliberately underthrown. After breathlessly informing readers they possessed a "trove" of 15 years' worth of tax returns on literally "thousands" of the world's richest people, the story's three authors proceeded to weave a few juicy and non-contextualized facts into a narrative that felt like a protracted sidebar to the "real" story. We learned that the 25 richest billionaires in America added $401bn to their net worths between 2014 and 2018 and paid about 3% of that amount in taxes, but we didn't learn much about any specific billionaire's tax avoidance strategies. Fifteen years of tax return information on thousands of American plutocrats is, to be sure, one of the biggest stories of the decade. It's just not clear ProPublica has that much appetite for sticking with the story.
Note: In the US, former tax lobbyists often write the rules on tax dodging. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality from reliable major media sources.
For years, the Gates Foundation has been steered by an unusually small board of trustees, made up of Bill, his estranged wife, Melinda, and the billionaire investor Warren Buffett. The larger the foundation became, the less anyone seemed willing to ask tough questions about its secretive management structure or its penchant for giving money to lucrative pharmaceutical and credit card companies such as Mastercard, despite the fact that giving away billions to wealthy corporations set an unusual and troubling precedent in the philanthropic sector. Billionaires who make their fortunes through corporate practices that undercut workers and deepen inequality – like corporate tax avoidance, insufficient sick pay and the immoral gap in pay between executives and low-paid workers – are not the solution to problems they generate. Asking Bill Gates to fix inequality is like asking an arsonist to hose down your house after he just set it on fire. In April last year, the University of Oxford was reportedly considering offering a Covid-19 vaccine developed by its scientists on a nonexclusive basis. But then, Kaiser Health News reported, "Oxford – urged on by the Bill & Melinda Gates Foundation – reversed course. It signed an exclusive vaccine deal with AstraZeneca that gave the pharmaceutical giant sole rights and no guarantee of low prices." This dealmaking .. seemed to conflict with the Gates Foundation's stated mission to improve global access to medicines, but it's not surprising.
Note: Read more about the Gates Foundation's startling degree of media influence during the pandemic. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the coronavirus vaccine from reliable major media sources.
A video showing a mobile device snapping infrared images of an iPhone user is circulating around the internet. In the Tik Tok shared by user Brie Thomason, a digital camera using an infrared lens is seen filming an iPhone user observing their home screen. As the iPhone user stares blatantly at the device, Thomason's digital camera captures the iPhone snapping multiple infrared images every 5-10 seconds. While this discovery may cause some users to panic, Apple claims this is actually just an aspect of the iPhone that allows users to control their face ID and Animoji (the animated emoji function). According to Apple, this feature was first debuted as the iPhone X's most groundbreaking function; since it is not even discernible at first glance, even though it literally stares you in the face. The company calls this feature: the new TrueDepth IR camera. This camera, housed in the black notch at the top of the display, includes a number of high-tech components such as a "flood illuminator," infrared (IR) camera, and an infrared emitter. Officials say as an iPhone is used, the latter emits 30,000 infrared dots in a known pattern when a face is detected, enabling the iPhone X to generate a 3D map of a user's face. According to the team, this TrueDepth IR camera can also do this fast enough to support the creation of 3D motion data as well. So, yes, your iPhone is essentially taking "invisible" photos of you, but not for the reasons you would think.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy from reliable major media sources.
MDMA - most commonly known as a party drug - could be more effective than therapy alone at treating post-traumatic stress disorder (PTSD). The results of a keenly-awaited trial suggest two-thirds of people no longer qualified for a PTSD diagnosis after treatment. The study represents a significant step towards approval of the drug in the US. PTSD can be the result of a very distressing or frightening event, or longer-term series of experiences. That might include accidents, abuse, rape, combat or illness. And it can be very difficult to treat. This trial, run by US charity the Multidisciplinary Association for Psychedelic Studies (Maps), found 88% of people had a "meaningful reduction in symptoms" and 67% no longer qualified for a PTSD diagnosis at all after 18 weeks and three sessions of MDMA-assisted therapy. Talking therapy alone led to a significant improvement in 60%, and remission in 32% of people. The participants in the study, which was published in the journal Nature, had suffered from PTSD for an average of 14 years. MDMA appears to work in part by calming the amygdala. In people with PTSD and anxiety disorders, this part of the brain can overreact, sounding the alarm over seemingly small events. When we are babies, and again during adolescence, we experience periods where our brains are very pliable. The scientists involved in the study speculate that psychedelics and similar-acting drugs like MDMA might allow a "reopening" of this critical window of brain development.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the healing potentials of mind-altering drugs from reliable major media sources.
One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries hit particularly hard by job losses or cuts to their working hours, new research shows. US-based polling company Gallup, which surveyed 300,000 people across 117 countries, found that half of those with jobs earned less because of the disruption caused by the Covid-19 pandemic. This translated to 1.6 billion adults globally, it said. "Worldwide, these percentages ranged from a high of 76 per cent in Thailand to a low of 10 per cent in Switzerland," said researchers in a statement. In Bolivia, Myanmar, Kenya, Uganda, Indonesia, Honduras and Ecuador, more than 70 per cent of people polled said they took home less than before the global health crisis. In the United States, this figure dropped to 34 per cent. The Covid-19 crisis has affected workers across the world – particularly women. International charity Oxfam said ... that according to its own research, the pandemic had cost women around the world $800bn (Ł578bn) in lost income. The poll also showed that one in three people surveyed had lost their job or business due to the pandemic – translating to just over 1 billion people globally. These figures also varied across nations, with more than 60 per cent of respondents in lower-income countries such as the Philippines, Kenya and Zimbabwe having lost their jobs or businesses, compared to 3 per cent in Switzerland and 13 per cent in the United States.
Note: This article fails to mention that these were consequences not of the virus, but of the lockdowns. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
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.
Something happened in Baltimore last year. The coronavirus pandemic hit, and State's Attorney Marilyn J. Mosby announced that the city would no longer prosecute drug possession, prostitution, trespassing and other minor charges, to keep people out of jail and limit the spread of the deadly virus. And then crime went down in Baltimore. A lot. While violent crime and homicides skyrocketed in most other big American cities last year, violent crime in Baltimore dropped 20 percent from last March to this month, property crime decreased 36 percent, and there were 13 fewer homicides compared with the previous year. This happened while 39 percent fewer people entered the city's criminal justice system in the one-year period, and 20 percent fewer people landed in jail after Mosby's office dismissed more than 1,400 pending cases and tossed out more than 1,400 warrants for nonviolent crimes. So on Friday, Mosby made her temporary steps permanent. She announced Baltimore City will continue to decline prosecution of all drug possession, prostitution, minor traffic and misdemeanor cases, and will partner with a local behavioral health service to aggressively reach out to drug users, sex workers and people in psychiatric crisis to direct them into treatment rather than the back of a patrol car. A number of big-city prosecutors have moved to decriminalize drugs, and Oregon voters decriminalized small amounts of drugs statewide.
Note: The fact that the rest of the US last year experienced a "Massive 1-Year Rise In Homicide Rates" makes this all the more impressive. A 2016 report by the Johns Hopkins-Lancet Commission on Public Health and International Drug Policy found that the the war on drugs harmed public health. When Portugal decriminalized drugs, its addiction rates were cut in half.
When Covid cases were rising in the U.S., the news coverage emphasized the increase. When cases were falling, the coverage instead focused on those places where cases were rising. And when vaccine research began showing positive results, the coverage downplayed it, as far as [Dartmouth professor Bruce] Sacerdote could tell. He began working with two other researchers, building a database of Covid coverage from every major network. The researchers then analyzed it with a social-science technique that classifies language as positive, neutral or negative. The results showed that Sacerdote's instinct had been right. The coverage by U.S. publications with a national audience has been much more negative than coverage by any other source that the researchers analyzed, including scientific journals, major international publications and regional U.S. media. About 87 percent of Covid coverage in national U.S. media last year was negative. The share was 51 percent in international media, 53 percent in U.S. regional media and 64 percent in scientific journals. Notably, the coverage was negative in both U.S. media outlets with liberal audiences (like MSNBC) and those with conservative audiences (like Fox News). If we're constantly telling a negative story, we are not giving our audience the most accurate portrait of reality. As Ranjan Sehgal, another co-author, told me, "The media is painting a picture that is a little bit different from what the scientists are saying."
Note: Explore an inspiring article sharing some of the good news to come out of these challenging times. For more along these lines, see concise summaries of deeply revealing news articles on mass media corruption from reliable sources.
The pandemic has worsened income inequality, with the world's richest people regaining their losses from COVID-19 shutdowns in nine months while the number of people living in poverty has doubled to more than 500 million, according to a new report from the anti-poverty group Oxfam. Almost 9% of total working hours were lost last year when compared with the levels of employment at the end of 2019, before the pandemic shuttered the economy, according to a separate report from the International Labour Organization (ILO), a United Nations agency. That's the equivalent of 255 million full-time jobs lost across the globe, or about four times greater than the impact from the Great Recession of 2009. The world's poorest could take a decade to regain their financial footing. Oxfam describes the pandemic's impact as "the greatest rise in inequality since records began." The International Labour Organization said the crisis has been the most severe on work since the Great Depression in the 1930s. "Its impact is far greater than that of the global financial crisis of 2009," said ILO Director-General Guy Ryder. America's richest people have seen their wealth soar during the pandemic by more than $1 trillion, thanks to a booming stock market and a K-shaped recovery that has benefited the rich, while poorer people have struggled with lost wages and jobs and future opportunities. It's a rich vs. poor phenomenon that is replicating across the globe.
Note: The media continue to blame the pandemic for these dire consequences when it is clearly not the virus, but the lockdown policies that are the main reason for this huge increase in poverty and income inequality. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and income inequality from reliable major media sources.
With few exceptions, big businesses are having a very different year from most of the country. Between April and September, one of the most tumultuous economic stretches in modern history, 45 of the 50 most valuable publicly traded U.S. companies turned a profit. Despite their success, at least 27 of the 50 largest firms held layoffs this year, collectively cutting more than 100,000 workers. Corporate leaders are touting their success and casting themselves as leaders on the road to economic recovery. Many of their firms have put Americans out of work and used their profits to increase the wealth of shareholders. 21 big firms that were profitable during the pandemic laid off workers anyway. Berkshire Hathaway raked in profits of $56 billion during the first six months of the pandemic while one of its subsidiary companies laid off more than 13,000 workers. Salesforce, Cisco Systems and PayPal cut staff even after their chief executives vowed not to do so. Companies sent thousands of employees packing while sending billions of dollars to shareholders. Walmart, whose CEO spent the past year championing the idea that businesses "should not just serve shareholders," nonetheless distributed more than $10 billion to its investors during the pandemic while laying off 1,200 corporate office employees. Economists estimate at least 100,000 small businesses permanently closed in the first two months of the pandemic alone.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the coronavirus from reliable major media sources.
When I called up Chuck Collins on Tuesday afternoon, I found him glued to one of the grimmest new metrics documenting America's economic and social unraveling. Collins is a scholar of inequality at the Institute for Policy Studies, a progressive think tank, and since March he has been tracking how the collective wealth of American billionaires has been affected by the coronavirus pandemic. In previous recessions, Collins said, billionaires were hit along with the rest of us; it took almost three years for Forbes's 400 richest people to recover losses incurred in 2008's Great Recession. But in the coronavirus recession of 2020, most billionaires have not lost their shirts. Instead, they've put on bejeweled overcoats and gloves made of spun gold – that is, they've gotten richer than ever before. On Tuesday, as the stock market soared to a record, Collins was watching the billionaires cross a depressing threshold: $1 trillion. That is the amount of new wealth American billionaires have amassed since March, at the start of the devastating lockdowns that state and local governments imposed to curb the pandemic. On March 18, according to a report Collins and his colleagues published last week, America's 614 billionaires were worth a combined $2.95 trillion. When the markets closed on Tuesday, there were 650 billionaires and their combined wealth was now close to $4 trillion. In the worst economic crisis since the 1930s, American billionaires' wealth grew by a third.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality and the coronavirus from reliable major media sources.
Netflix’s brilliant new 90-minute docu-drama, The Social Dilemma ... might be the most important watch of recent years. The film, which debuted at Sundance Film Festival in January, takes a premise that’s unlikely to set the world alight ... ie that Facebook, Twitter, Instagram et al aren’t exactly creating a utopia. Its masterstroke is in recruiting the very Silicon Valley insiders that built these platforms to explain their terrifying pitfalls – which they’ve realised belatedly. You don’t get a much clearer statement of social media’s dangers than an ex-Facebook executive’s claim that: “In the shortest time horizon I’m most worried about civil war.” The commonly held belief that social media companies sell users’ data is quickly cast aside – the data is actually used to create a sophisticated psychological profile of you. What they’re selling is their ability to manipulate you, or as one interviewee puts it: “It’s the gradual, slight, imperceptible change in your own behaviour and perception. It’s the only thing for them to make money from: changing what you do, how you think, who you are.” Despite it being public knowledge that Vote Leave and Trump’s 2016 election campaign harvested voters’ Facebook data on a gigantic scale, The Social Dilemma still manages to find fresh and vital tales of how these platforms destabilise modern politics. Russia’s Facebook hack to influence the 2016 US election? “The Russians didn’t hack Facebook. They used the tools that Facebook made for legitimate advertisers,” laments one of the company’s ex-investors.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.
Important Note: Explore our full index to revealing excerpts of key 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.