News ArticlesExcerpts of Key News Articles in Major Media
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A demand for an investigation of charges printed in the Congressional Record by Representative Oscar Callaway of Texas, a pacifist Democrat, that “the J.P. Morgan interests, the steel shipbuilding, and powder interests” had purchased control of twenty-five great newspapers to further the preparedness campaign, was made in the House today by Representative J. Hampton Moore, a Pennsylvania Republican. Mr. Callaway’s speech, as inserted in The Record charged: “In March, 1915, the J.P. Morgan interests, the steel, shipbuilding and powder interests, and their subsidiary organizations got together twelve men high up in the newspaper world and employed them to select from the most influential papers in the United States in sufficient numbers of them to control generally the policy of the daily press of the United States. They found it was only necessary to purchase the control of twenty-five of the greatest newspapers. [An] editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies and other things of national and international nature considered vital to the interests of the purchasers. The policy also included the suppression of everything in opposition to the wishes of the interests served."
Note: For more showing how the media is controlled by carefully selected people placed by big money and the power elite, click here and here. For a short video of Congressional testimony from the 1970s proving CIA media manipulation, click here. The full text of this revealing article is available free at this link.
The Pentagon has ordered a sweeping audit of how it conducts clandestine information warfare after major social media companies identified and took offline fake accounts suspected of being run by the U.S. military in violation of the platforms' rules. The takedowns in recent years by Twitter and Facebook of more than 150 bogus personas and media sites created in the United States was disclosed last month by internet researchers Graphika and the Stanford Internet Observatory. U.S. Central Command is among those whose activities are facing scrutiny. Some [takedowns] involved posts from the summer that advanced anti-Russia narratives. One fake account posted an inflammatory tweet claiming that relatives of deceased Afghan refugees had reported bodies being returned from Iran with missing organs. The tweet linked to a video that was part of an article posted on a U.S.-military affiliated website. In 2020 Facebook disabled fictitious personas created by Centcom to counter disinformation spread by China suggesting the coronavirus responsible for covid-19 was created at a U.S. Army lab in Fort Detrick, Md.. The pseudo profiles ... were used to amplify truthful information from the U.S. Centers for Disease Control and Prevention. Congress in late 2019 passed a law affirming that the military could conduct operations in the "information environment" to defend the United States. The measure, known as Section 1631, allows the military to carry out clandestine psychological operations.
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and media manipulation from reliable sources.
A Malaysian businessman at the heart of the worst scandal to hit the US Navy in modern times has escaped house arrest, the US Marshals Service has said. Leonard Glenn Francis, known as "Fat Leonard", cut his ankle bracelet off before disappearing from his home in San Diego, California. His escape comes three weeks before he was due for sentencing after pleading guilty in 2015 to bribing senior US Navy officers. Francis had been the key figure behind a sprawling multi-million dollar bribery scheme that he operated by way of his Singapore-based company which serviced the US Navy's Pacific fleet. The US justice department describes it as a colossal fraud that cost the navy tens of millions of dollars. Francis ... used his influence with senior commanders to secure lucrative military contracts often involving the Indo-Pacific based 7th Fleet - the largest of the Navy's forward deployed fleets. Prosecutors say he overcharged the navy to the tune of $35m (Ł30m) and plied navy officers with cash, gourmet meals, expensive cigars, rare liquor and wild sex parties in upscale hotels to procure the contracts. Arrested in 2013 he pled guilty in 2015 to offering $500,000 in bribes to US Navy officers in an attempt to funnel official work towards his shipyards. Dozens of navy officials have been ensnared in the case, with four officers having been found guilty, and 28 others, including contractors and naval officials, having pleaded guilty so far. Francis [was] placed under house arrest while acting as a co-operating witness.
Note: At one point, Francis bribed officials to redirect an aircraft carrier. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
Soon after giving birth to a daughter two months premature, Terri Logan received a bill from the hospital. She recoiled from the string of numbers separated by commas. Then a few months ago Logan received some bright yellow envelopes in the mail. They were from a nonprofit group [RIP Medical Debt] telling her it had bought and then forgiven all those past medical bills. The nonprofit has boomed during the pandemic, freeing patients of medical debt, thousands of people at a time. Its novel approach involves buying bundles of delinquent hospital bills – debts incurred by low-income patients like Logan – and then simply erasing the obligation to repay them. It's a model developed by two former debt collectors, Craig Antico and Jerry Ashton, who built their careers chasing down patients who couldn't afford their bills. RIP buys the debts just like any other collection company would – except instead of trying to profit, they send out notices to consumers saying that their debt has been cleared. A surge in recent donations – from college students to philanthropist MacKenzie Scott, who gave $50 million in late 2020 – is fueling RIP's expansion. To date, RIP has purchased $6.7 billion in unpaid debt and relieved 3.6 million people of debt. RIP is one of the only ways patients can get immediate relief from such debt, says Jim Branscome, a major donor. "As a bill collector collecting millions of dollars in medical-associated bills in my career, now all of a sudden I'm reformed: I'm a predatory giver," Ashton said.
Note: To understand the corruption in healthcare that results in expensive medical bills, read this revealing 10-page summary of medical doctor Marcia Angell's book The Truth About Drug Companies. To further explore stories that help create the world we want to live in, check out our inspiring news articles collection and our Inspiration Center.
Nearly one third of people killed by US police since 2015 were running away, driving off or attempting to flee when the officer fatally shot or used lethal force against them, data reveals. In the past seven years, police in America have killed more than 2,500 people who were fleeing, and those numbers have slightly increased in recent years, amounting to an average of roughly one killing a day of someone running or trying to escape, according to Mapping Police Violence, a research group that tracks lethal force cases. In many cases, the encounters started as traffic stops, or there were no allegations of violence or serious crimes prompting police contact. Some people were shot in the back while running and others were passengers in fleeing cars. Despite a decades-long push to hold officers accountable for killing civilians, prosecution remains exceedingly rare, the data shows. Of the 2,500 people killed while fleeing since 2015, only 50 or 2% have resulted in criminal charges. The majority of those charges were either dismissed or resulted in acquittals. Only nine officers were convicted, representing 0.35% of cases. The data, advocates and experts say, highlights how the US legal system allows officers to kill with impunity and how reform efforts have not addressed fundamental flaws in police departments. US police kill more people in days than many countries do in years, with roughly 1,100 fatalities a year since 2013. The numbers haven't changed since the start of the Black Lives Matter movement.
Note: Explore the database of the Washington Post on police killings. For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
The oil and gas industry has delivered $2.8bn (Ł2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed. The vast total captured by petrostates and fossil fuel companies since 1970 is $52tn, providing the power to "buy every politician, every system" and delay action on the climate crisis, says Prof Aviel Verbruggen, the author of the analysis. The huge profits were inflated by cartels of countries artificially restricting supply. The analysis, based on World Bank data, assesses the "rent" secured by global oil and gas sales, which is the economic term for the unearned profit produced after the total cost of production has been deducted. The study has yet to be published in an academic journal but three experts at University College London, the London School of Economics and the thinktank Carbon Tracker confirmed the analysis as accurate, with one calling the total a "staggering number". It appears to be the first long-term assessment of the sector's total profits, with oil rents providing 86% of the total. Emissions from the burning of fossil fuels have driven the climate crisis and contributed to worsening extreme weather. Oil companies have known for decades that carbon emissions were dangerously heating the planet. The average annual profit from 1970-2020 was $1tn but [Verbruggen] said he expected this to be twice as high in 2022. The fossil fuel industry also benefits from subsidies of $16bn a day, according to the International Monetary Fund.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the energy industry and climate change from reliable major media sources.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and President Biden's chief medical adviser, recently revealed he is experiencing a rebound of his Covid-19 infection after taking the antiviral medication Paxlovid. Fauci described the "interesting course" his own infection had taken on Tuesday during an appearance at Foreign Policy's Global Health Forum. "I turned positive about two weeks ago, with very minimal symptoms. When they increased, given my age, I went on Paxlovid for five days," Fauci said. Fauci, 81, credited the drug with keeping him out of the hospital. After five days on the drug, he tested negative. He had three consecutive days of negative tests. On the fourth day he tested positive again. "It was sort of what people are referring to as a Paxlovid rebound," he said. The CDC issued a health alert to doctors on May 24, advising that Covid-19 symptoms sometimes come back, and that may just be how the infection plays out in some people, regardless of whether they're vaccinated or treated with medications like Paxlovid. In Fauci's case, he said his symptoms got worse when they returned after treatment. "Over the next day or so I started to feel really poorly, much worse than in the first go around," he said. His doctors prescribed another course of Paxlovid. "I went back on Paxlovid, and right now I am on my fourth day of a five-day course of my second course of Paxlovid. Fortunately, I feel reasonably good. I mean, I'm not completely without symptoms, but I certainly don't feel acutely ill."
Note: So two Pfizer shots and two boosters couldn't keep Fauci from getting COVID not once, but twice. And he says the reason he managed to avoid the hospital is not because of the four shots, but because of the new antiviral he is promoting. This certainly is an "interesting course" as he himself describes it. So how effective are these many injections so strongly promoted by Fauci, the CDC and others. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
There's a hidden ingredient used as a whitener in an array of foods, from candies and pastries to cheeses and gum. It's called titanium dioxide, and while commonly used in the US, it's being banned in the EU as a possible carcinogen. The additive, also known as E171, joins a host of other chemicals that are banned in foods in the European Union but allowed in the US. These include Azodicarbonamide, a whitening agent found in food such as breads, bagels, pizza, and pastries in the US, which has been banned in the EU for more than a decade. Known as the "yoga mat'' chemical because it is often found in foamed plastic, the additive has been linked to asthma and respiratory issues in exposed workers and, when baked, to cancer in mice studies. Potassium bromate, an oxidizing agent often found in bread and dough and linked in animal studies to kidney and thyroid cancers, has been banned in the EU since 1990 but is still commonly used in the US. Brominated vegetable oil is also banned in the EU but is used as an emulsifier in citrus sodas and drinks in the US. Long-term exposure has been linked to headaches, memory loss and impaired coordination. The Food and Drug Administration classifies these food chemicals, and many others prohibited by the EU, as "generally recognized as safe". Chemical safety processes in the EU and US work in starkly different ways. Where European policy tends to take a precautionary approach – trying to prevent harm before it happens – the US is usually more reactive.
Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.
Medicare's drug program could have saved up to $3.6 billion in 2020 by mirroring the pricing strategy of entrepreneur and Shark Tank judge Mark Cuban's online pharmacy, according to a new study. Cuban's Cost Plus Drug Co. offers a selection of generic drugs at the cost of manufacturing them plus a flat 15% markup. The direct-to-consumer pharmacy does not accept insurance. The study's authors suggest that Medicare is overpaying for many generic drugs and could save billions a year if it purchased them directly from Cuban's online pharmacy. "The lower prices from a direct-to-consumer model highlight inefficiencies in the existing generic pharmaceutical distribution and reimbursement system, which includes wholesalers, pharmacy benefit managers, pharmacies, and insurers," wrote researchers at Brigham and Women's Hospital and Harvard Medical School in a brief published ... in the journal Annals of Internal Medicine. Cuban and his pharmacy did not fund or have any involvement in the study. Cost Plus Drug Co. says it engages in price negotiations with drugmakers. Medicare's drug program, Part D, however, prohibits the government from directly negotiating pharmaceutical prices. Researchers compared 2020 Medicare spending for a total of 89 drugs ... to their prices at Cost Plus Drug Co. in February. They estimate that Medicare overpaid for 77 generic drugs, spending $8.1 billion compared with $4.5 billion if the federal agency had purchased at the same prices as Cost Plus Drug Co. charges.
Note: 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.
Uvalde city officials are using a legal loophole and several other broad exemptions in Texas to prevent the release of police records related to last month's mass shooting that left 19 children and two teachers dead, according to a letter obtained by NPR. Since the May 24 shooting at Robb Elementary School, law enforcement officials have provided little and conflicting information, amid mounting public pressure for transparency. The Texas Department of Public Safety, which is leading the state investigation, previously said that some accounts of the events were preliminary and may change as more witnesses are interviewed. The City of Uvalde has hired a private law firm to make its case, which cited the "dead suspect loophole," to deny the release of information because the gunman died in police custody. The legal exception bars the public disclosure of information pertaining to crimes in which no one has been convicted. The Texas Attorney General's Office has ruled that the exception applies when a suspect is dead. The maneuver has been used repeatedly by Texas law enforcement agencies to claim they're not required to turn over the requested information because a criminal case is still pending, even though the suspect is dead. The loophole was established in the 1990s to protect people who were wrongfully accused or whose cases were dismissed, said Kelley Shannon, executive director of the Freedom of Information Foundation of Texas. "It is meant to protect the innocent," Shannon said.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in policing and in the court system from reliable major media sources.
Security footage shows cops at the Uvalde, Texas school massacre waited 77 minutes before even trying to open the doors to two classrooms where the shooter killed 19 children and two teachers last month, a new report said. The latest revelation, published Saturday by The San Antonio Express News, is the latest detail that shows a botched police response to the massacre, which is now under investigation by the Texas Department of Public Safety. Video shows that gunman Salvador Ramos, 18, was able to open the door to classroom 111 on May 24, even though it was supposed to lock automatically when shut. Once inside the classroom, Ramos was able to access classroom 112 through another interior door. It was unclear if the door was locked while Ramos conducted the shooting spree, but police did not even check or try to open it, despite having access to a Halligan tool which could have broken the lock. Uvalde school district police Chief Pete Arredondo was in charge of the operation. He previously told The Texas Tribune that he waited for 40 minutes for keys from the custodian to try to open the classroom door. Finally, at 12:50 p.m., police breached the door and shot and killed the suspect who had first broken into the school at 11:33 a.m. through an exterior door that had also failed to automatically lock. Texas investigators say Arredondo mistakenly treated the shooting as a barricaded suspect incident instead of an active shooter situation.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
It was the evening of June 9, 2006. Three [Guantánamo Bay] detainees were declared dead. The Navy says the men killed themselves by hanging, in separate nonadjoining cells, in the same way, at the same time, under video surveillance, with no guards noticing and no prisoners calling for the guards to intervene. They tell us that each of the men had bound their wrists and ankles with fabric and shoved fabric down their own throats – and then ask us to believe that they hung themselves. Despite explosive reporting by Scott Horton for Harper's Magazine in which multiple sources ... refuted the official narrative and gave evidence that a cover-up had taken place, no independent official investigation of the incident was ordered. This disturbing episode quickly turned unspeakably dark: Independent autopsies ordered by the families of the dead were useless since the bodies, which showed signs of torture, had been sent home with missing parts. The men's throats – the larynx, the hyoid bone, and the thyroid cartilage – had been removed. Even after this shocking finding ... there would be no investigations. The narrative that these men did something terrible and deserved to be imprisoned for it defines the very nature of the post-9/11 response. It doesn't matter that the original accusations against many of them were flimsy and easily disproved. Due process and the presumption of innocence, the defining values of the American ideal of justice, would be forever denied them.
Note: Read a troubling letter by Sharqawi Al Hajj, a Yemeni citizen detained at Guantanamo Bay. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
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.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
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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