News ArticlesExcerpts of Key News Articles in Major Media
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What if someone told you that you could dramatically reduce the crime rate without resorting to coercive policing or incarceration? it sounds too good to be true. But it's been borne out by the research of Chris Blattman, Margaret Sheridan, Julian Jamison, and Sebastian Chaskel. Their new study provides experimental evidence that offering at-risk men a few weeks of behavioral therapy plus a bit of cash reduces the future risk of crime and violence, even 10 years after the intervention. Sustainable Transformation of Youth in Liberia ... offered men who were at high risk for violent crime eight weeks of cognitive behavioral therapy. [Economist Chris] Blattman wanted to formally study just how effective this kind of program could be. He decided to run a big randomized controlled trial with 999 of the most dangerous men in Monrovia, recruited on the street. The 999 Liberian men were split into four groups. Some received CBT, while others got $200 in cash. Another group got the CBT plus the cash, and finally, there was a control group that got neither. A year after the intervention, the positive effects on those who got therapy alone had faded a bit, but those who got therapy plus cash were still showing huge impacts: crime and violence were down about 50 percent. 10 years later ... crime and violence were still down by about 50 percent in the therapy-plus-cash group. Blattman estimates that there were 338 fewer crimes per participant over 10 years. [The program] cost just $530 per participant. That works out to $1.50 per crime avoided.
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A year ago, just two doses of a Covid-19 vaccine – or even one, in the case of Johnson & Johnson's formulation – were thought to offer sufficient protection against the coronavirus. On Wednesday, the Centers for Disease Control and Prevention expanded eligibility for boosters to adolescents and backed away from describing anyone as "fully vaccinated" because two shots no longer seem adequate. Instead, one's vaccination status will now be "up to date" – or not. It's no surprise that many Americans are wondering: Where does this end? Are we to roll up our sleeves for booster shots every few months? Scientists are reluctant to predict the future. But in interviews this week, nearly a dozen said that whatever happens, trying to boost the entire population every few months is not realistic. Nor does it make much scientific sense. For starters, persuading people to line up for shots every few months is probably a losing proposition. Just as important, there are no data to support the effectiveness of a fourth dose of the current vaccines. If the coronavirus settles into a flulike seasonal pattern, as it seems possible, "you can imagine a scenario where we simply give boosters before the winter each year," Dr. Hensley said. Lessons from flu season also suggest that frequent vaccination is unlikely to be helpful. Giving the flu vaccine twice a year "has a diminishing return, and so it may not make sense to do vaccination so frequently," said [epidemiologist] Ben Cowling.
Note: Could it be that this is what big Pharma has been hoping for all along - forever boosting? And if it's all free, you won't even see how billions of your tax dollars are flowing into the pockets of the elite. Could this be why the Australian government on their website stated they are securing 195 million doses of COVID vaccine boosters for their population of 25 million? For more, see this revealing article. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Arpad Pusztai spoke for only two and a half minutes during his interview for ITN's World in Action in 1998, but it was enough to end his career. The Hungarian-born expert in lectins, a type of protein, had spent decades working at the Rowett Institute in Aberdeen and had almost 300 scientific papers and three books to his name. In the mid-1990s, with big food manufacturers increasingly developing and promoting genetically modified crops, he had been asked to investigate the effect that their products, specifically GM potatoes, could have on rats. His data showed that those being fed GM potatoes experienced stunted organ and brain growth and disturbance to their immune systems. Pusztai ... agreed to discuss his research on television in the hope of attracting new funding. His comments, which were promoted by the programme in a press release headed "new health fears over 'Frankenstein' food", started a media frenzy. Pusztai was suspended and his raw data was seized. According to [author Andrew] Rowell: "All GM work was stopped immediately and Pusztai's team was dispersed. His three PhD students were moved to other areas. He was threatened with legal action if he spoke to anyone. His phone calls and emails were diverted. No one was allowed to speak to him either." In Pusztai's telling ... the Rowett Institute came under pressure from senior figures in the government and the food industry. Two employees told him that the institute had taken calls from the office of Tony Blair, the prime minister.
Note: Read more about this important scientist. And for more on the dangers of GM food, see this important book summary. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and GMOs from reliable major media sources.
According to the nonprofit organization Airwars, the U.S. has conducted more than 91,000 airstrikes in seven major conflict zones since 2001, with at least 22,000 civilians killed and potentially as many as 48,000. How does America react when it kills civilians? Just last week, we learned that the U.S. military decided that nobody will be held responsible for the August 29 drone attack in Kabul, Afghanistan, that killed 10 members of an Afghan family, including seven children. After an internal review, Secretary of Defense Lloyd Austin chose to take no action, not even a wrist slap for a single intelligence analyst, drone operator, mission commander, or general. U.S. bombings since 2014 have consistently killed civilians but ... the Pentagon has done almost nothing to discern how many were harmed or what went wrong and might be corrected. Savagery consists of more than the act of killing. It also involves a system of impunity that makes clear to the perpetrators that what they are doing is acceptable, necessary – maybe even heroic – and must not cease. To this end, the United States has developed a machinery of impunity that is arguably the most advanced in the world, implicating not only a broad swathe of military personnel but also the entirety of American society. The machinery of impunity actually has two missions: The most obvious is to excuse people who should not be excused. The other is to punish those who try to expose the machine, because it does not function well in daylight.
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
The BBC says it is investigating how Alan Dershowitz was allowed on its airwaves to talk about the conviction of Ghislaine Maxwell without mentioning that the constitutional lawyer is implicated in the case and accused of having sex with an alleged victim of financier Jeffrey Epstein. Shortly after Maxwell was convicted Wednesday of sex-trafficking charges for assisting Epstein in abusing young girls, BBC News brought on Dershowitz to analyze the guilty verdict of Epstein's longtime paramour. But the network failed to mention that Dershowitz not only previously served as Epstein's attorney but that he is accused of having sex with Virginia Roberts Giuffre when she was as young as 16. Dershowitz has denied the allegations. Dershowitz used his time on the "BBC World News" to slam Giuffre for supposedly not being a credible witness in the Maxwell case – claims that went unchallenged by the show's anchor. He also claimed the case from Giuffre against him and Britain's Prince Andrew, who has also been accused of sexual assault and has denied the allegations, was somehow weakened after Maxwell's guilty verdict. Giuffre has said that Epstein and Maxwell forced her to have sex with public figures, such as Dershowitz. She asserted to the Miami Herald and the New Yorker that she had sex with Dershowitz at least six times in Epstein's various residences. In denying her claims, Dershowitz ... called Giuffre a "prostitute" and a "bad mother" to her children.
Note: Read an excellent article on the shocking origins of Jeffrey Epstein. For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein's child sex ring from reliable major media sources.
More than 500 residents in Oregon have now died of COVID-19 despite being fully vaccinated against the virus as health officials continue to report over 2,000 new infections daily. Since the beginning of the pandemic, health authorities in Oregon have recorded a total of 552 breakthrough COVID-19 deaths throughout the state. Of the total number of deaths, 273 people had been fully vaccinated with the Pfizer COVID-19 vaccine. At least 144 received the Moderna vaccine and 78 were given the Johnson & Johnson shots. The recent report also showed that there were 4,134 new COVID-19 cases recorded between Nov. 21 and Nov. 27. At least 1,186 were breakthrough infections. As of Dec. 2, Oregon reported a total of 45,545 coronavirus infections among the fully vaccinated. The Oregon Health Authority's report comes as the state continues to report high rates of COVID-19 cases. Over the past weekend, health officials recorded 2,041 new infections and 25 additional deaths.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Ministers have agreed [to] a secrecy clause in any dispute with the drugs manufacturer Pfizer over Britain's Covid vaccine supply. Large portions of the government's contracts with the company over the supply of 189m vaccine doses have been redacted and any arbitration proceedings will be kept secret. The revelation comes as Pfizer is accused by a former senior US health official of "war profiteering'' during the pandemic. Tom Frieden, who was director of the US Centers for Disease Control and Prevention under Barack Obama, said: "If you're just focusing on maximising your profits and you're a vaccine manufacturer ... you are war profiteering." Zain Rizvi, research director at Public Citizen, a US consumer advocacy organisation which has examined Pfizer's global vaccine contracts, said: "There is a wall of secrecy surrounding these contracts and it's unacceptable, particularly in a public health crisis." Rizvi said the UK needed to explain why it had agreed to secret arbitration proceedings. He said: "It's the only high-income country we have seen that has agreed to this provision. It allows pharmaceutical companies to bypass domestic legal processes." While AstraZeneca agreed to sell its vaccine at cost during the pandemic, Pfizer wanted to secure its profits. The Pfizer/BioNTech vaccine ... will be one of the most lucrative drugs in pharmaceutical history. One biological engineering expert [claims] the Pfizer vaccine costs just 76p to manufacture for each shot. It is reportedly being sold for Ł22 a dose to the UK government.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
President Biden and the other national leaders gathered for the Group of 20 summit formally endorsed a new global minimum tax on Saturday, capping months of negotiations over the groundbreaking tax accord. The new global minimum tax of 15 percent aims to reverse the decades-long decline in tax rates on corporations across the world, a trend experts say has deprived governments of revenue to fund social spending programs. The deal is a key achievement for Treasury Secretary Janet Yellen, who made an international floor on corporate taxes among the top priorities of her tenure and pushed forcefully for swift action on a deal. Nearly 140 countries representing more than 90 percent of total global economic output have endorsed the deal. The minimum tax will be coupled with a broader change to global taxation intended to prevent countries and companies from undercutting the new floor. Under the pact, corporations trying to evade taxation by shifting profits to low-tax countries will face a "top-up" tax, which would require them to pay the difference between the tax haven's tax rate and the 15 percent minimum tax rate of the companies where they are headquartered. Supporters of the deal are also optimistic companies will not move to relocate their headquarters abroad, in part because so much of the world has committed to the new minimum. Treasury officials have said new "enforcement provisions" will impose tax penalties based in countries refusing to join the deal.
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Merck is planning to charge Americans 40 times its cost for a Covid drug whose development was subsidized by the American government. Americans are facing not merely expensive drugs but prices that are examples of outright profiteering. In many cases, the medicines we are being gouged on are those that we the public already paid for. These facts show us that pharma-bankrolled Democrats trying to kill drug pricing measures aren't just bought and paid for in this particular skirmish – they are foot soldiers in the pharmaceutical industry's larger multi-decade campaign to seal off and rig America's alleged "free market". A new Public Citizen analysis shows that the 20 top-selling medicines generated almost twice as much pharmaceutical industry revenue in the United States as in every other country combined. For all the pharmaceutical industry's self-congratulatory rhetoric about its own innovations, the federal government uses your tax dollars to fund a lot of that innovation, research and development. A study from the National Academy of Sciences tells that story: the federal government spent $100bn to subsidize the research on every single one of the 200-plus drugs approved for sale in the United States between 2010 and 2016. We now routinely face immoral situations like last week's news that pharmaceutical giant Merck is planning to charge Americans $712 for a Covid drug that cost only $17.74 to produce and whose development was subsidized by the American government.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and Big Pharma profiteering from reliable major media sources.
A massive trove of private financial records shared with The Washington Post exposes vast reaches of the secretive offshore system used to hide billions of dollars from tax authorities, creditors, criminal investigators and – in 14 cases involving current country leaders – citizens around the world. The revelations include more than $100 million spent by King Abdullah II of Jordan on luxury homes in Malibu, Calif., and other locations; millions of dollars in property and cash secretly owned by the leaders of the Czech Republic, Kenya, Ecuador and other countries; and a waterfront home in Monaco acquired by a Russian woman who gained considerable wealth after she reportedly had a child with Russian President Vladimir Putin. Other disclosures hit closer to home for U.S. officials. The files provide substantial new evidence, for example, that South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy. Tens of millions of dollars from outside the United States are now sheltered by trust companies in Sioux Falls, some of it tied to people and companies accused of human rights abuses and other wrongdoing. The trove, dubbed the Pandora Papers, exceeds the dimensions of the leak that was at the center of the Panama Papers investigation five years ago. That data was drawn from a single law firm, but the new material encompasses records from 14 separate financial-services entities.
Note: Some have suggested that the CIA was responsible for the earlier Panama Papers leak. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.
Massachusetts on Tuesday reported 4,378 more COVID-19 cases among fully vaccinated people since last week, bringing the total since the beginning of the vaccination campaign to 36,723 cases, or 0.8 percent of all fully vaccinated people. The Department of Public Health also reported 37 more COVID-19 deaths among fully vaccinated people, bringing the total to 254 deaths among those fully vaccinated. The department also reported 154 more hospitalizations among fully vaccinated people, for a total of 1,155 hospitalizations. State officials and public health experts have repeatedly stressed that vaccination greatly reduces hospitalization, severe illness, and death as a result of COVID-19. As of Tuesday, 4,619,950 people in Massachusetts have been fully vaccinated, according to the department.
Note: Massachusetts has a population of nearly 7 million, or 1/50th of the U.S. So if it is representative of the entire country, 254 X 50 = 12,200 deaths among fully vaccinated people in the U.S. Indiana, also with a population of about 7 million, reports 229 fully vaccinated citizens have died, again suggesting well over 10,000 fully vaccinated COVID deaths in the U.S. Why isn't this being reported? For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
More than 30,000 residents in Indiana have contracted COVID-19 and over 200 have died of the novel coronavirus despite being fully vaccinated against the disease. Indiana health officials have recorded 33,851 breakthrough COVID-19 cases among the state's fully vaccinated individuals since the beginning of the pandemic. The health department's data also showed that 229 fully vaccinated residents have died of COVID-19. Of the 229 deaths, 92% or 210 occurred in patients aged 65 or older. As of Thursday, health officials have also reported 735 breakthrough COVID-19 hospitalizations. Overall, the state has recorded 959,409 COVID-19 cases since the start of the pandemic. Indiana also reported 65 new deaths that occurred between Aug. 25 and Sept. 28, bringing Indiana's total number of COVID-19 deaths to 15,132. Indiana health officials have fully vaccinated 56% of eligible residents, including more than 70% of people aged 60 and older. However, only 3.7% of children between the ages of 12 to 15 have been fully vaccinated against COVID-19, and only 4.3% of people from the same age group have received their first doses.
Note: Is it just a coincidence that shortly after this became news, the Indiana Department of Health suspended daily COVID-19 case reports? Massachusetts has a population of 6.7 million, or about 1/50th of the U.S. So if it is representative of the entire country, 229 X 50 = 11,450 deaths among fully vaccinated people in the U.S. Massachusetts, also with about 7 million, reports 254 fully vaccinated citizens have died, again suggesting over 10,000 vaccinated COVID deaths. Why isn't this being reported? For more, see summaries of revealing news articles on coronavirus vaccines.
Wuhan and US scientists were planning to release enhanced airborne coronavirus particles into Chinese bat populations to inoculate them against diseases that could jump to humans, leaked grant proposals dating from 2018 show. Just 18 months before the first Covid-19 cases appeared, researchers had submitted plans to release skin-penetrating nanoparticles and aerosols containing "novel chimeric spike proteins" of bat coronaviruses into cave bats in Yunnan, China. They also planned to create chimeric viruses, genetically enhanced to infect humans more easily, and requested $14million from the Defense Advanced Research Projects Agency (Darpa) to fund the work. Papers, confirmed as genuine by a former member of the Trump administration, show they were hoping to introduce "human-specific cleavage sites" to bat coronaviruses which would make it easier for the virus to enter human cells. When Covid-19 was first genetically sequenced, scientists were puzzled about how the virus had evolved such a human-specific adaptation at the cleavage site on the spike protein, which is the reason it is so infectious. The documents were released by Drastic, the web-based investigations team set up by scientists from across the world to look into the origins of Covid-19. In a statement, Drastic said: "Given that we find in this proposal a discussion of the planned introduction of human-specific cleavage sites, a review by the wider scientific community of the plausibility of artificial insertion is warranted."
Note: Read more about the risky research on coronaviruses that took place at the Wuhan Institute of Virology. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
It was six years ago when CEO Dan Price raised the salary of everyone at his Seattle-based credit card processing company Gravity Payments to at least $70,000 a year. Price slashed his own salary by $1 million to be able to give his employees a pay raise. He was hailed a hero by some and met with predictions of bankruptcy from his critics. But that has not happened; instead, the company is thriving. "So you've almost doubled the number of employees?" CBS News' Carter Evans asked. "Yeah," Price replied. He said his company has tripled and he is still paying his employees $70,000 a year. "How much do you make?" asked Evans. "I make $70,000 a year," Price replied. To pay his own bills, Price downsized his life, sold a second home he owned, and tapped into his savings. According to the Economic Policy Institute, average CEO compensation is 320 times more than the salaries of their typical workers. "This shows that isn't the only way for a company to be successful and profitable," Hafenbrack said. "Do you pay what you can get away with? Or do you pay what you think is ideal, or reasonable, or fair?" Price said despite the success his company has had with the policy, he wishes other companies would follow suit. Bigger paychecks have lead to fiercely loyal employees. "Our turnover rate was cut in half, so when you have employees staying twice as long, their knowledge of how to help our customers skyrocketed over time and that's really what paid for the raise more so than my pay cut," said Price.
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From Vietnam to Iraq to Afghanistan, the pattern of American officials showering questionable political allies abroad with armfuls of cash is a long-established practice. However, the idea that this is the reason the "missions" fail in such places is just a continuation of the original propaganda lines that get us into these messes. It's a way of saying the subject populations are to blame for undermining our noble efforts, when the missions themselves are often preposterous. The lion's share of the looting is usually done by our own marauding contracting community. Contractors [in Afghanistan] made fortunes monstrously overcharging the taxpayer for everything from private security, to dysfunctional or unnecessary construction projects, to social programs that ... had no chance for success. The Special Inspector General for Afghan Reconstruction (SIGAR) some years ago identified "$15.5 billion of waste, fraud, and abuse ... in our published reports and closed investigations between SIGAR's inception in 2008 and December 31, 2017," and added an additional $3.4 billion in a subsequent review. All told, "SIGAR reviewed approximately $63 billion and concluded that a total of approximately $19 billion or 30 percent of the amount reviewed was lost to waste, fraud, and abuse." Thirty percent! If the overall cost of the war was, as reported, $2 trillion ... a crude back of the envelope calculation for the amount lost to fraud during the entire period might be $600 billion.
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption and war from reliable major media sources.
When classrooms in California reopen for the fall term, all 6.2 million public school students will have the option to eat school meals for free, regardless of their family's income. The undertaking ... will be the largest free student lunch program in the country. School officials, lawmakers, anti-hunger organizations and parents are applauding it as a pioneering way to prevent the stigma of accepting free lunches and feed more hungry children. "This is so historic. It's beyond life-changing," said Erin Primer, director of food services for the San Luis Coastal Unified School District on California's central coast. Several U.S. cities including New York, Boston and Chicago already offer free school meals for all. But until recently, statewide universal meal programs were considered too costly and unrealistic. California became the first state to adopt a universal program late last month, and Maine followed shortly after with a similar plan. Like school officials statewide, Primer has countless tales of children who struggled to pay for school meals or were too ashamed to eat for free. There was the child whose mother called Primer, distraught because she made a few hundred dollars too much to qualify; the father who is in the country illegally and feared that filling out the free meal application could get him deported; and constant cases of high schoolers not wanting friends to know they need free food, so they skip eating.
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The cost of vaccinating the world against COVID-19 could be at least five times cheaper if pharmaceutical companies weren't profiteering from their monopolies on COVID-19 vaccines, campaigners from the People's Vaccine Alliance said today. New analysis by the Alliance shows that the firms Pfizer/BioNTech and Moderna are charging governments as much as $41 billion above the estimated cost of production. Colombia, for example, has potentially overpaid by as much as $375 million for its doses of the Pfizer/BioNTech and Moderna vaccines, in comparison to the estimated cost price. Despite a rapid rise in COVID-19 cases and deaths across the developing world, Pfizer/BioNTech and Moderna have sold over 90 percent of their vaccines so far to rich countries, charging up to 24 times the potential cost of production. Last week Pfizer/BioNTech announced it would licence a South African company to fill and package 100 million doses for use in Africa, but this is a drop in the ocean of need. Neither company have agreed to fully transfer vaccine technology and know-how with any capable producers in developing countries, a move that could increase global supply, drive down prices and save millions of lives. Analysis of production techniques for the leading mRNA type vaccines produced by Pfizer/BioNTech and Moderna â₏•which were only developed thanks to public funding to the tune of $8.3 billionâ₏• suggest these vaccines could be made for as little as $1.20 a dose.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines and Big Pharma profiteering from reliable major media sources.
People who believe the coronavirus was manufactured in a lab haven't been allowed to say so on Facebook since February – until Wednesday, that is, when Facebook announced it was lifting the ban. Presumably this has something to do with the wavering elite consensus on lab leaks. This consensus was never as monolithic as proponents claimed. But it did produce a Facebook ban and a lot of journalism dismissing the hypothesis as a well-debunked conspiracy theory. In one light, this is a happy scientific ending. Over time, with study, natural transmission looked less likely, and a lab accident somewhat more so. As the evidence changed, a previously hard-and-fast consensus became more open to other possibilities, as should be the case for any good scientific theory. But in another light, this story is a disaster. How did so many smart people come to believe, not just that a natural origin was much more likely than a lab leak – which is still, to be clear, the opinion of many scientists – but that a lab leak was basically an impossibility? Labs have leaked deadly viruses in the past. And a lab in the same city where the pandemic began happened to study bat coronaviruses and had a sample of this coronavirus's closest known relative, gathered from a cave hundreds of miles away. It's possible, and maybe even probable, that this was pure coincidence. But it is a hell of a coincidence, and it wasn't kooky to say so.
Note: Top officials were told not to explore the possibility that the virus escaped from the Wuhan Institute of Virology. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Birth and fertility rates in the United States dropped to record lows again last year, according to provisional data in a new report published Wednesday by the Centers for Disease Control and Prevention. The number of U.S. births in 2020 fell 4% from 2019. The figure is double the average annual rate of decline of 2% since 2014 and marks the sixth consecutive year that the number of births have dropped. Both the general and total fertility rates in 2020 also declined 4% from 2019, reaching record lows for the nation. Last year's total fertility rate "was again below replacement - the level at which a given generation can exactly replace itself," meaning there are more people dying every day than are being born, the report said. Birth rates dropped for women in nearly all age groups and of every major race and ethnicity: 8% for Asian Americans, 6% for Native Americans and Alaska Natives, 4% for whites and Blacks, and 4% for Hispanics. General fertility rates fell 9% for Asian Americans, 7% for American Indians or Alaska Natives, 4% for Blacks, whites and Hispanics, and 3% for Native Hawaiians and other Pacific Islanders. The findings are based on all birth records for the calendar year 2020 received and processed by the CDC's National Center for Health Statistics as of Feb. 11.
Note: The above article fails to mention that chemicals in consumer products and the environment may contribute heavily to declining fertility. For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
The world's 2,365 billionaires enjoyed a $4 trillion boost to their wealth during the first year of the pandemic, increasing their fortunes by 54%, according to a new analysis by the Program on Inequality at the ... Institute for Policy Studies. Between March 18, 2020, and March 18, 2021, the wealth held by the world's billionaires jumped from $8.04 trillion to $12.39 trillion, according to the IPS' analysis of data from Forbes, Bloomberg and Wealth-X. Amazon.com founder Jeff Bezos, the world's wealthiest person, saw his fortune soar to $178 billion from $113 billion, or 57%, during that time, the study found. All told, the total wealth of the world's billionaire class grew 54% during the pandemic year, IPS reported. The ballooning wealth among the world's richest people is sparking calls for a "wealth tax," or an additional tax that would be added on top of regular income and capital gains taxes. But so far, a wealth tax is proving elusive in Washington, D.C., even as two-thirds of Americans express support for the idea of raising taxes on people earning more than $400,000. Rather than taxing the growing wealth of the nation's billionaires and millionaires, Mr. Biden wants to pay for his $2 trillion American Jobs Plan by boosting the corporate tax rate to 28% from its current 21%. In the meantime, the wealth disparities between the world's richest and poorest citizens have only widened during the pandemic. The number of people living in poverty globally doubled to more than 500 million during the first nine months of the pandemic.
Note: Why is so little media attention given to the greatest transfer of wealth ever since COVID hit? For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
Important Note: Explore our full index to 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.