News ArticlesExcerpts of Key News Articles in Major Media
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There are few people who can say their job saved them, but former gang member Rafael Jimenez says he's one of them. "If I wasn't working here I'd be on the streets looking for problems or, even worse, selling drugs," Jimenez told CNN en Espaol. The 44-year-old works as a baker at Homeboy Bakery, part of Homeboy Industries in East Los Angeles, the largest gang rehabilitation program in the country. The program was founded in 1992 by Father Greg Boyle, who has counseled and mentored thousands of gang members. This month marks Jimenez's one-year anniversary of getting off of drugs and out of the 4th Street Flats gang in East L.A. "I knew if I kept going at it, I would be dead or in jail. I can't believe I wasted all that time," Jimenez said. "And, now I'm baking pastries with rivals that I would've never spoken to just last year." Homeboy Industries' program has been so successful that other gang rehabilitation programs around the country are now looking to them as a model. Ex-gang member Mario Lundes, weary of being in and out of jail, decided to make a positive change and seek out a regular job. But extensive tattoo removal from his forehead, cheeks and neck -- a service Homeboy Industries offers -- would be a vital part of the process. Homeboy Industries has helped thousands of high-risk youths with a variety of free programs: mental health counseling, GED classes, job training and legal services. The program's motto: "Nothing stops a bullet like a job."
Note: Watch an inspiring video on this program which has transformed the lives of thousands of gang members.
The Better Angels of Our Nature takes a thesis I would love to believe; indeed, have casually believed for most of my life. It is that humans have grown less horrible with time. The 20th century, the century of Hitler, Stalin and Pol Pot, of Mao in China and Mobutu in the Congo, was appalling, but the number of deaths by violence as a proportion of the total population remained modest compared with the ferocious cruelties of the wars of religion in the 17th century. The modern nation state – the Leviathan of the philosopher Hobbes – has had a civilising effect almost everywhere. Education has helped, as has the empowerment of women, and the idea, too, of human rights. Within the epic sweep of history from ice age hunter gatherers to modern suburban householders, [author Steven] Pinker examines both the big picture and the fine detail, with surprises on every page. Overall ... he finds examples of falling murder rates everywhere (including among male English aristocrats 1330-1829). Murder rates as a percentage of population were far higher among the supposedly peace-loving and cooperative hunter-gatherer communities – the Inuit of the Arctic, for instance, the !Kung of the Kalahari and the Semai of Malaysia – than in the trigger-happy US in its most violent decade. Unexpectedly, deaths in warfare, once again as a percentage of total population, were far higher among the Gran Valley Dani of New Guinea, or in Fiji in the 1860s, than in Germany in the whole of the 20th century.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
As diplomats and journalists dissect every word spoken by top Israeli, Iranian and American officials for signs of a potential Israeli military strike on Irans nuclear program, an online campaign to prevent just that has gained steam in Israel. The Israel Loves Iran campaign [was launched last week by] Israeli graphic designer Ronny Edry and his wife, Michal Tamir. For there to be a war between us, we must first be afraid of one another, we must hate, Edry says. Im not afraid of you. I dont hate you. I dont even know you. No Iranian ever did me harm. The site and its accompanying Facebook page are filled with photos of Israelis from all walks of life and the Iranians, We Love You slogan, with the subheader: We will never bomb you. On Friday evening, the page had almost 28,000 likes, and the campaign has raised more than $16,000 to print posters and keep the movement grow[ing]. Organizers say responses from Iranians around the world have poured in. Unfortunately, the stupid politicians in both countries are trying to separate these two rich cultures! wrote one responder. One of the more popular posts ricocheting around Facebook is of a man and woman kissing, with him holding up his Israeli passport as she flaunts her Iranian passport. Persian girls are sexy and adorable, the boyfriend wrote. Our cultures and backgrounds have never got in the way. We actually share the same ideals. According to a recent poll, [only] 19 percent of Israelis support a unilateral strike on Iran. Participant Talia Gorodess [commented], the more people join this campaign, the more, I hope, my government will think twice before doing anything foolish.
Note: To see the inspiring website of this campaign, click here. For the facebook page, click here. For a highly inspiring two-minute video of the campaign, click here. For the beautiful response from Iranians, click here. This is how we transform our world! To understand how the politicians and military leaders manage to manipulate us into war after war, read what a highly decorated general had to say at this link.
Evidence of our bloody history is not hard to find. Consider the genocides in the Old Testament and the crucifictions in the New, the gory mutilations in Shakespeare's tragedies and Grimm's fairy tales, the British monarchs who beheaded their relatives and the American founders who dueled with their rivals. Today, the decline in these brutal practices can be quantified. A look at the numbers shows that over the course of our history, humanity has been blessed with ... major declines of violence. The first was a process of pacification: the transition from the anarchy of the hunting, gathering, and horticultural societies in which our species spent most of its evolutionary history to the first agricultural civilizations, with cities and governments, starting about 5,000 years ago. On average, about 15% of people in prestate eras died violently, compared to about 3% of the citizens of the earliest states. Centuries ago, the great powers were almost always at war, and until quite recently. Western European countries tended to initiate two or three new wars every year. The cliche that the 20th century was "the most violent in history" ignores the second half of the century. Though it's tempting to attribute the Long Peace to nuclear deterrence, non-nuclear developed states have stopped fighting each other as well. Political scientists point instead to the growth of democracy, trade and international organizations - all of which, the statistical evidence shows, reduce the liklihood of conflict.
Note: The WSJ requires a subscription to read this article. You can find it free on the website of the author, Steven Pinker. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Only up close does it become clear that some of the bulky figures in armoured vests scouring the fields of southern Lebanon for unexploded cluster bombs are wearing hijabs under their protective helmets. Once local teachers, nurses and housewives, this group of women are now fully trained to search for mines and make up the only all-female clearance team in Lebanon, combing the undergrowth inch by inch for the remnants of one of the most indiscriminate weapons of modern warfare. Leading the women in the field is Lamis Zein, a 33-year-old divorced mother of two and the team's supervisor. She was one of the first recruits for the team, which was set up by the de-mining NGO Norwegian People's Aid. "We are good at what we do and we are showing that women can do any kind of job," [said Zein]. Their painstaking task became necessary five years ago this week, after Israel rained cluster munitions on southern Lebanon to a degree the UN condemned as a "flagrant violation of international law". The women's team works in tandem with other teams of searchers, all co-ordinated by the Lebanese army, to clear up the unexploded ordnance that still litters the countryside. "Women are more patient than men," said Zein. "That is why we are good at this job. We work more slowly and maybe we are a little more afraid than men."
A 13-year-old Croatian girl who fell into a coma woke up speaking fluent German. The girl, from the southern town of Knin, had only just started studying German at school and had been reading German books and watching German TV to become better, but was by no means fluent, according to her parents. Since waking up from her 24-hour coma however, she has been unable to speak Croatian, but is able to communicate perfectly in German. Doctors at Split's KB Hospital claim that the case is so unusual, various experts have examined the girl as they try to find out what triggered the change. Hospital director Dujomir Marasovic said: "You never know when recovering from such a trauma how the brain will react." Psychiatric expert Dr Mijo Milas added: "In earlier times this would have been referred to as a miracle, we prefer to think that there must be a logical explanation its just that we haven't found it yet. There are references to cases where people who have been seriously ill and perhaps in a coma have woken up being able to speak other languages sometimes even the Biblical languages such as that spoken in old Babylon or Egypt at the moment though any speculation would remain just that speculation so it's better to continue tests until we actually know something."
Saturn's orange moon Titan has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth, according to new data from NASA's Cassini spacecraft. The hydrocarbons rain from the sky, collecting in vast deposits that form lakes and dunes. The new findings from the study led by Ralph Lorenz, Cassini radar team member from the Johns Hopkins University Applied Physics Laboratory, Laurel, Md., are reported in ... the Geophysical Research Letters. "Titan is just covered in carbon-bearing material -- it's a giant factory of organic chemicals," said Lorenz. "This vast carbon inventory is an important window into the geology and climate history of Titan." At a balmy minus 179 degrees Celsius (minus 290 degrees Fahrenheit), Titan is a far cry from Earth. Instead of water, liquid hydrocarbons in the form of methane and ethane are present on the moon's surface. Cassini has mapped about 20 percent of Titan's surface with radar. Several hundred lakes and seas have been observed, with each of several dozen estimated to contain more hydrocarbon liquid than Earth's oil and gas reserves. Proven reserves of natural gas on Earth total 130 billion tons, enough to provide 300 times the amount of energy the entire United States uses annually for residential heating, cooling and lighting. Dozens of Titan's lakes individually have the equivalent of at least this much energy in the form of methane and ethane.
Note: Weren't we taught that oil and gas come from fossils? Yet the many who have shown evidence otherwise have been dismissed and ridiculed. Why is this? For more along these lines, see concise summaries of deeply revealing news articles on the mysterious nature of reality from reliable major media sources.
Tens of thousands of Belgians gathered in the heart of Brussels today, waving white balloons and white flowers in a popular outpouring of anger and frustration over a widening child sex scandal. The "White March," as it was called by organizers, was one of the largest in the country's recent history, drawing some 275,000 Belgians. It capped a week of spontaneous protests that erupted after Belgium's highest court removed a magistrate widely seen as a hero in the scandal, Jean-Marc Connerotte, from investigations into a pedophile and child pornography ring. So far, 13 people have been charged in the case, which involves the kidnapping, sexual abuse and killing of several children, with at least seven young girls still missing. The court ruled that Mr. Connerotte had compromised his impartiality by accepting a free dinner at a fund-raiser for the parents of missing children. The ruling prompted the public ... to take to the streets. The dismissal also followed press reports that Mr. Connerotte was on the verge of disclosing the names of senior government officials who had been recognized on confiscated videotapes, and during allegations of a high-level cover-up. The march was intended not only as a protest ... but also as an expression of sympathy with the victims of a gang reportedly led by a convicted child rapist, Marc Dutroux, one of the 13 charged. He was released 10 years early in 1992 from a 13-year sentence for multiple child rape. Scores of videos with child pornography were seized along with him.
Note: For an abundance of solid information on this major cover-up of child sex trafficking rings leading to high levels in government, don't miss the most excellent documentary Imperium, which provides reliable, verifiable information on all that is going on. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
Larry Lewis began his 105th year Wednesday with his usual morning regimen a 6.7 mile run through [San Francisco's] Golden Gate Park. Then he ran an extra mile to the St. Francis Hotel, where he works as a waiter, for celebrating birthday No. 104. Lewis was followed by puffing newsmen, soma a quarter his age, as he trotted the last mile to show them "how to do it." Lewis, a waiter at the St. Francis for 24 years, was reared on the Navajo indian reservation. He said he joined the P.T. Barnum circus at 15, was an assistant to magician Harry Houdini for 33 years, and charged up San Juan Hill in the Spanish-American War ahead of Theodore Roosevelt. Lewis, who doesn't have an ounce of fat in the 136 pounds he carries on his 5-foot-9 frame, still works up to 13 hours a day at the hotel. He is considered a medical miracle by this doctor who pays Lewis to let him examine him. "He has more kinetic energy than most of us have ever known," the doctor said. "Larry did a lot of it himself," the physician said, "but he does not abuse his body by smoking, drinking, or keeping late and irregular hours. [He also] eats the right foods foods low in low in fat, lots of fruit, and abstained from dessert." Lewis' wife of 19 years Bessie, 73, attended the party that featured what Lewis calls his "fountain of youth," an elixir of fresh mountain valley water. "I drink three gallons of it a day, he said." In addition to his daily runs through Golden Gate Park, Lewis said he also keeps fit with "a little boxing at the Olympic club and some hand ball."
Note: For more along these lines, see concise summaries of inspiring seniors news articles. Then explore the excellent resources provided in our Inspiration Center.
In 2018, the military, struggling to meet enlistment goals, began invading gaming communities as part of a larger, digital-first strategy. Recruiters who had once stalked school assemblies and shopping malls began streaming games on social media and competing in tournaments to court new enlistees online. Since then, the military's online recruiting strategy has expanded to the Amazon-owned streaming platform Twitch, which attracts 140 million active users per month. The Army, Navy, and Air Force churn out hours of Twitch content per week, including streams of popular first-person-shooter games. The Armed Forces claim their gamers ... aren't technically recruiters. But anti-war advocates say they might as well be. To counter this, [Marine veteran Chris] Velazquez became a community developer for Gamers for Peace (GFP), the first peace organization formed to mirror the military's online recruiting practices: While streaming popular games like Halo and Rocket League, its members–many of them veterans–offer career advice and mentorship to teens, talk politics, and discuss the realities of war. They also share information about online military recruitment tactics at in-person gaming conventions such as PAX Unplugged. These initiatives, members say, give prospective recruits the tools and knowledge to see other options and reconsider enlisting. The group has already accrued nearly 600 Twitch followers as well as 400 members on the popular messaging service Discord.
Note: The latest US Air Force recruitment tool is a video game that allows players to receive in-game medals and achievements for drone bombing Iraqis and Afghans. For more on this topic, read an article we've summarized about how one of the best-selling video games, Call of Duty, is a carefully constructed piece of military propaganda.
In the late summer of 2020, Bruce Bartman went to Pennsylvania's voter registration website and signed up his mother and mother-in-law to vote. Both women were dead. A few months later, Bartman, who is white, requested a mail-in ballot for his late mother and cast her vote for Donald Trump. Bartman was arrested that December and charged with perjury and unlawful voting. He pleaded guilty, admitted he made a "stupid mistake", was sentenced to five years of probation and barred from serving on a jury or voting for four years. When Bartman pleaded guilty, nearly 1,000 miles away, in Memphis, a Black Lives Matter activist named Pamela Moses was facing her own election-related criminal charges. A few years previously, Moses, who is Black, permanently lost the right to vote after committing a felony. But no one had actually removed Moses from the voter rolls or told her she couldn't vote. And in 2019, when state officials began looking into her eligibility, a probation officer signed a certificate saying Moses had completed her sentence and was eligible to vote. So she applied to do so. Even though corrections officials conceded they made an error, Moses was indicted anyway. She was sentenced to six years and one day in prison. The case ... underscored what many experts see as a double standard in the US criminal justice system: white people face relatively light punishment for intentional cases of fraud, while Black people face tougher punishments for unintentional voting errors.
Note: For more along these lines, see concise summaries of deeply revealing news articles on court system corruption from reliable major media sources.
Four years ago, rapper Logic released his hit song "1-800-273-8255" – a reference to the National Suicide Prevention Lifeline – in hopes of helping others. A new study released this week found it did just that: researchers say the song potentially helped saved hundreds of lives. The study, published Monday in the BMJ, found almost 10,000 calls went to the Lifeline – a 6.9% increase over the expected number – during 34 days in 2017 and 2018 when the song was receiving heightened public attention. And an estimated 245 fewer suicides took place in that same time period – 5.5% below the expected number. The study authors' looked at the days immediately following the song's release, Logic's performance at the 2017 MTV Awards with singers Alessia Cara and Khalid, and their act at the 2018 Grammys. According to the research, those events were also linked to a surge of activity connected to the song on Twitter. "To know that my music was actually affecting people's lives, truly, that's what inspired me to make the song," Logic said in a statement to CNN. "We did it from a really warm place in our hearts to try to help people. And the fact that it actually did, that blows my mind." The song centers around a high school student struggling with his sexuality and contemplating suicide. However, after a call to a hotline, he realizes he wants to live. The song went quintuple platinum and remained Logic's best performing song on Spotify.
Note: Watch this inspiring song which has been viewed over 400 million times at this link. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
There's often outcry when a public figure eschews covid-19 related rules – but even more so when those breaking the rules are the same ones who set them. In 2020, guideline-flouting officials faced backlash across the world – from New Zealand to Ireland to Canada to the United States. There was California Gov. Gavin Newsom's attendance at a lavish $350 per person dinner party. Or the British prime minister's then-top aide Dominic Cummings, who defied a lockdown for a 260-mile road trip while he and his wife were infected with covid-19. And the senator in the Philippines who broke quarantine to visit the hospital where his wife was in labor – all waiting for his coronavirus test result, which ended up positive. As the pandemic persists, the cycle of rule-flouting, public outcry, followed by an official apology and sometimes, a resignation, continues. British Prime Minister Boris Johnson is embroiled in another scandal – this one with a Christmas theme. In early December, controversy arose over a 2020 Christmas party (or series of parties) at 10 Downing Street, the British prime minister's office, in the midst of a strict coronavirus lockdown. Johnson issued an apology at the House of Commons. After the prime minister's apology, the leader of the opposition Labour Party, Keir Starmer, said that the "millions" who followed public health protocols last Christmas "now think the prime minister was taking them for fools, that they were lied to."
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.
In his new bestselling book The Real Anthony Fauci: Bill Gates, Big Pharma and the Global War on Democracy and Public Health, Children's Health Defense board chair and lead counsel Robert F. Kennedy, Jr. provides readers with previously little-known information on Dr. Fauci's handling of pandemics prior to COVID including the AIDS epidemic. "...Dr. Fauci copied the choreographed script for winning remdesivir's EUA from the worn rabbit-eared playbook that he developed during his early AIDS years, and then used repeatedly across his career to win approvals for deadly and ineffective drugs," writes Kennedy. "Time and again, he has terminated clinical trials of his sweetheart drugs the moment they begin to reveal cataclysmic toxicity. He makes the absurd claim that his drug-du-jour had proven so miraculously effective that it would be unethical to deny it to the public, and then he strong-arms FDA to grant his approvals." One of the AIDS treatments promoted by Dr. Fauci and his agency [NIAID] was azidothymidine (AZT), a powerful and toxic chemotherapy drug used widely for AIDS patients despite the availability of less toxic options. AZT, according to SPIN magazine, is a drug that "was worse than the disease." Kennedy also exposes Dr. Fauci's experiments using various toxic AIDS drugs on Black and Hispanic foster children in New York and six other states.
Note: Read more about the foster children used as guinea pigs to test HIV drugs. If you don't have time for the whole book (rated 4.9 stars on amazon.com), you can find an engaging summary of key points on this webpage. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health from reliable major media sources.
The wealthiest 400 American families paid an 8.2% average rate on their federal individual income taxes from 2010 to 2018, according to a White House analysis published Thursday. Those richest 400 families represent the top 0.0002% of all taxpayers. Their estimated tax rate, paid on $1.8 trillion of income over the nine-year period, is "low" relative to other taxpayers, according to the report. By comparison, Americans paid an average 13.3% tax rate on their income in 2018, according to a Tax Foundation analysis. The analysis comes as Democrats have proposed raising taxes on the rich and corporations to help fund up to $3.5 trillion of investments education, paid leave, healthcare, childcare and measures to curb climate change. The report's findings are similar to those of a recent ProPublica investigation, which found that some of the world's richest men (Jeff Bezos, Michael Bloomberg, Warren Buffett, Carl Icahn, Elon Musk and George Soros) pay a tiny fraction of their wealth in tax. The 25 richest Americans paid a true federal tax rate of 3.4% from 2014 to 2018, while seeing their net worth grow by $401 billion, according to the investigation, which cited confidential IRS data. Low- and middle-earners pay most of their income tax from wages on jobs. In contrast, the wealthiest Americans generate the bulk of their income from investments, which, if held longer than a year, are taxed at a lower rate than wages.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
The top 1% of Americans are avoiding paying an estimated $163 billion in taxes a year, according to the Treasury Department. That is pushing the estimated tax gap, the amount of money owed by taxpayers that isn't collected, to nearly around $600 billion annually, and to approximately $7 trillion in lost revenue over the next decade, the Treasury Department finds. Tax evasion is concentrated among the wealthy in part because high-income taxpayers are able to employ experts who can better shield them from reporting their true incomes. More complicated incomes such as partnerships and proprietorships – more frequent among high earners – have a far greater noncompliance rate that can hit as high as 55%. "The tax gap can be a major source of inequity. Today's tax code contains two sets of rules: one for regular wage and salary workers who report virtually all the income they earn; and another for wealthy taxpayers, who are often able to avoid a large share of the taxes they owe," wrote Treasury Deputy Assistant Secretary for Economic Policy Natasha Sarin. The IRS is unable to collect about 15% of taxes owed and the lack of resources has led to a fall in audit rates. For the IRS to appropriately enforce tax laws against high earners and large corporations, it would need money to hire and train agents who can examine thousands of pages of sophisticated tax filings. The Biden administration is pushing to raise the IRS budget by $80 billion over 10 years to help increase enforcement, IT and taxpayer services.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
Earlier this summer, the director of national intelligence and secretary of defense released a highly-anticipated, unclassified report about something the Pentagon calls unidentified aerial phenomena–or UAP–more commonly known as UFOs. The government's grudging acknowledgment of 144 mysterious sightings documented by our military comes after decades of public denial. Luis Elizondo spent 20 years running military intelligence operations worldwide. He hadn't given UFOs a second thought until 2008. That's when he was asked to join something at the Pentagon called the Advanced Aerospace Threat Identification Program, or "AATIP." Buried away in the Pentagon, AATIP was part of a $22 million program sponsored by then-Senate Majority Leader Harry Reid to investigate UFOs. When Elizondo took over in 2010 he focused on the national security implications of unidentified aerial phenomena documented by U.S. service members. "Imagine a technology that can do 6-to-700 g-forces, that can fly at 13,000 miles an hour, that can evade radar and that can fly through air and water and possibly space," [said Elizondo]. "And oh, by the way, has no obvious signs of propulsion, no wings, no control surfaces and yet still can defy the natural effects of Earth's gravity. That's precisely what we're seeing." AATIP's funding was eliminated in 2012, but ... last year, the Pentagon resurrected AATIP, it's now called the UAP task force; service members now are encouraged to report strange encounters.
Note: Read the public testimony of very high level officials revealing a major cover-up around UFOs for over 75 years. Most serious UFO researchers believe that this is a planned rollout to avoid showing how the US military has been hiding and even deceitfully ridiculing this information for decades. For more supporting this idea, see concise summaries of deeply revealing news articles on UFOs from reliable major media sources.
The Center for Countering Digital Hate published "The Disinformation Dozen" – a report on the 12 influencers it claimed were responsible for 65 percent of anti-vaccine falsehoods disseminated on Facebook and other social media platforms. But the story of charlatans peddling fake cures and political conspiracy theories isn't the only part of the Covid misinformation saga. Distrust in public-health messaging is also sown when public-health messengers show themselves to be less than completely trustworthy. The latest set-to in this drama was a July 20 screaming match between Dr. Anthony Fauci and Senator Rand Paul. The Kentucky Republican suggested that Fauci had lied to Congress in claiming that the National Institutes of Health had never funded gain-of-function research at the Wuhan Institute of Virology. Fauci took vehement exception, saying the research that the N.I.H. had funded ... didn't qualify as gain-of-function, a research technique in which a pathogen is made more transmissible. The larger truth – obscured until recently by fervent efforts (including by Fauci) to dismiss the lab-leak theory for the origins of the pandemic – is that the U.S. government's scientific establishment did support gain-of-function research that deserved far more public debate than it got. Beneficiaries of that funding engaged in deceptive tactics and outright mendacity to shield their research from public scrutiny while denouncing their critics as conspiracymongers.
Note: Read what happened when the publisher of "The Real Anthony Fauci" tried to place a full page ad in the New York Times for this #1 best seller. And why have all major media refused to review this book which is rated 4.8 stars on Amazon and has over 2,000 footnotes to back up the claims made? For more along these lines, see concise summaries of deeply revealing news articles on media manipulation and the coronavirus from reliable sources.
The wealth of the richest 0.00001% of the U.S. now exceeds that of the prior historical peak, which occurred in the Gilded Age, according to economist Gabriel Zucman. In the late 19th century, the U.S. experienced rapid industrialization and economic growth, creating an inordinate amount of wealth for a handful of families. This era was also known for its severe inequality; and some have called the period that began around 1990 a "Second Gilded Age." Back then, just four families represented the richest 0.00001% – today's equivalent is 18 families. Zucman, a French economist whose doctoral advisor was the historical economist Thomas Piketty, author of bestseller "Capital in the Twenty-First Century," released data this week showing that as of July 1, the top 0.00001% richest people in the U.S. held 1.35% of the country's total wealth. These 18 families include those of Jeff Bezos, Mark Zuckerberg and Bill Gates. The richest 0.01% – around 18,000 U.S. families – have also surpassed the wealth levels reached in the Gilded Age. These families hold 10% of the country's wealth today, Zucman wrote. By comparison, in 1913, the top 0.01% held 9% of U.S. wealth, and a mere 2% in the late 1970s. The increasing concentration of wealth comes as the ultra-rich face more scrutiny for the money they're not paying in taxes. Recent reports have highlighted that because so much of their wealth consists of unrealized gains in stocks and real estate, they pay little or nothing in income tax.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
Welcome to what's known as "summer camp for billionaires." This week, the top executives at the biggest and most influential companies in tech and media, including Apple's Tim Cook and Facebook's Mark Zuckerberg, will get together at the Sun Valley Resort. These top moguls are traveling again to Sun Valley for an annual weeklong gathering organized by a boutique investment firm called Allen & Company that is known as intensely private. This week, the aggregate wealth of the men and women staying at the Sun Valley Resort is likely to reach more than $1 trillion. "It really is elitism on full display," says media analyst Colin Gillis. "But actually, it's a very private event; so, I shouldn't say 'on full display.'" Prominent politicians – including heads of state – give talks and take questions. Mike Pompeo attended when he was the head of the C.I.A., and Mauricio Macri was a guest when he was the president of Argentina. Then, at night, there are cocktail parties and lavish dinners. Among Allen & Co.'s deal makers are prominent former members of Congress, including Rep. Will Hurd and Sen. Bill Bradley, and George Tenet, the former director of the C.I.A.. The gathering is geared towards ... building relationships that may one day pay off. Bezos reportedly decided to buy "The Washington Post" when he was in Sun Valley. "They've organized the biggest matchmaking service for media companies," says Steven Davidoff Solomon, the head of the Berkeley Center for Law and Business.
Note: 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.