News ArticlesExcerpts of Key News Articles in Major Media
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Around the world, people have been turning to swapping, trading and bartering during the coronavirus pandemic, whether to do their bit for the local community, save money or simply source hard-to-find baking ingredients. With economic uncertainty looming and anxiety levels soaring, barter is becoming an emerging alternative solution to getting by – and staying busy. The increase in bartering is nowhere better exemplified than in Fiji. The country has a long tradition of barter, known as â€veisa' ... and Fijians have harnessed modern technology to connect even more people. "I knew that money would be tight to stretch out and even harder to come by. I asked myself what happens when there's no more money? Barter was a natural solution to that," says Marlene Dutta, who started the Barter for a Better Fiji group on 21 April. Its membership is just under 190,000 – more than 20% of Fiji's population. Items changing hands have run the gamut – pigs for kayaks, a violin for a leather satchel and doughnuts for building bricks – but the most commonly requested items have been groceries and food. Bartering isn't just for individuals looking for baking items or help with grocery shopping, however. Businesses are increasingly interested in joining barter exchanges, which have "doctors, lawyers, service companies, retailers – you name it", says Ron Whitney, President of the US-based International Reciprocal Trade Association, a non-profit organisation founded in 1979 that promotes and advances modern trade and barter systems.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In response to the novel and deadly coronavirus, many governments deployed draconian tactics never used in modern times: severe and broad restrictions on daily activity that helped send the world into its deepest peacetime slump since the Great Depression. The equivalent of 400 million jobs have been lost world-wide, 13 million in the U.S. alone. Global output is on track to fall 5% this year, far worse than during the financial crisis. Despite this steep price, few policy makers felt they had a choice, seeing the economic crisis as a side effect of the health crisis. They ordered nonessential businesses closed and told people to stay home, all without the extensive analysis of benefits and risks that usually precedes a new medical treatment. Five months later, the evidence suggests lockdowns were an overly blunt and economically costly tool. The evidence also points to alternative strategies that could slow the spread of the epidemic at much less cost. Taiwan, South Korea and Hong Kong set early examples of how to stop Covid-19 without lockdowns. They quickly cut travel to China, introduced widespread testing to isolate the infected and traced contacts. Sweden took a different approach. Instead of lockdowns, it imposed only modest restrictions to keep cases at levels its hospitals could handle. Sweden has suffered more deaths per capita than neighboring Denmark but fewer than Britain, and it has paid less of an economic price than either.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
A group of Silicon Valley and Wall Street executives has raised $30 million to speed the development of a closely watched psychedelic-drug therapy. The Multidisciplinary Association for Psychedelic Studies, a nonprofit advocating for psychedelic research since the 1980s, is conducting its last phase of clinical trials to research the efficacy of using MDMA-assisted psychotherapy for post-traumatic stress disorder. PTSD afflicts about eight million adults a year. MDMA is more commonly known as the main component of Ecstasy. Armed with the new funding, MAPS is aiming to finish the trials and seek approval from the Food and Drug Administration to commercialize the MDMA-assisted psychotherapy as soon as 2022. In 2017, the FDA designated MDMA as a breakthrough therapy for PTSD, meaning it would expedite review of the drug. MAPS said a recent interim analysis of its Phase 3 clinical trials ... showed a very high likelihood the therapy will be effective for treating PTSD. In phase 2 clinical trials, individuals with post-traumatic stress disorder received psychotherapy, some with the psychedelic drug MDMA. More of those who received the drug no longer received a PTSD diagnosis in the months after treatment, compared with those who received a placebo. Business leaders said their donations came from a personal connection to mental-health conditions. Among them is billionaire Bob Parsons, founder of GoDaddy and ... a Marine Corps Vietnam War veteran, who said he has continued to battle PTSD.
Note: To read the entire article free of charge, see this webpage. Note that as big Pharma won't make big profits from these therapies, they are not funding any of the major studies, while the nonprofit MAPS has stepped in to make this happen. And not mentioned in this article is that the results of these studies has been dramatic, with over 2/3 of patients showing no signs of PTSD a year after treatment. For more along these lines, see concise summaries of deeply revealing news articles on mind-altering drugs from reliable major media sources.
John Oliver returned to Last Week Tonight with another examination of an unjust cog in America’s criminal justice system: the unrepresentative makeup of trial juries. Serving on a “jury of your peers” is an “essential civic duty”, Oliver said. But in practice, said “peers” are not chosen from a fair cross-section of society. People of color and particularly black Americans are chronically underrepresented in jury pools. First, there’s the list of potential jurors, which in many states draws from voter registration data or drivers’ license lists, both of which disproportionately exclude people of color. Many states contract jury selection to private companies, whose methods, when revealed, fall far short of truly representative or random; Oliver pointed to one example in Tulsa, Oklahoma, where a private company accidentally excluded zip codes in which 90% of the county’s black residents lived. Once potential jurors show up for selection, prosecutors can weed out jurors of color. Although the supreme court ruled in 1986 that prosecutors can’t strike jurors on the basis of race, “it turns out that’s a pretty easy rule to get around,” said Oliver. “All you have to do is just come up with some reason other than race to strike a juror.” To demonstrate the brazen efforts prosecutors will take to whitewash juries, Oliver pointed to the six murder trials for Curtis Flowers in Mississippi, a black man whose case eventually reached the supreme court, which decided that the prosecutor had repeatedly and blatantly filtered out any potential black jurors.
Note: For more along these lines, see concise summaries of deeply revealing news articles on judicial system corruption from reliable major media sources.
Just because someone has limited mobility, does that mean they should be limited to traversing smooth pavement? Not according to husband-and-wife team Zack and Cambry Nelson, who are now marketing their off-road motorized "wheelchair." Known as The Rig and made mainly from bicycle parts, the vehicle was initially developed by Zack to help Cambry take part in their outdoor adventures. It features an aluminum frame with detachable bumpers, a padded adjustable seat, a 1,000-watt ebike motor linked to the rear axle by a chain drive, dual steering handles, front hydraulic disc brakes, plus 4-inch-wide fatbike tires on each of its four wheels. Front and rear independent suspension is an optional extra, as is a second lithium battery for added range. The whole thing measures 5 ft long by 32 inches wide by 41 in tall (1,524 by 812 by 1,041 mm), and tips the scales at a claimed 120 lb (54 kg) – that's with the suspension package, and a single battery. One charge of that battery should reportedly be good for a range of 10 to 20 miles (16 to 32 km), depending on usage and rider weight. And while it can't accommodate a second passenger in the back, it does have a cargo-mounting system that allows gear such as camping supplies, a cooler or a conventional wheelchair to be brought along for the ride. The Rig is now available for pre-order in a choice of seven frame colors, with prices starting at US$4,750. For reference, some other electric off-road wheelchairs we've seen are priced at $10,000 or more.
Note: Watch a fun and inspiring video of this awesome invention. Explore a treasure trove of concise summaries of incredibly inspiring disabled persons news articles which will inspire you to make a difference.
About 1 in 1,000 black men and boys in America can expect to die at the hands of police, according to a new analysis of deaths involving law enforcement officers. That makes them 2.5 times more likely than white men and boys to die during an encounter with cops. The analysis also showed that Latino men and boys, black women and girls and Native American men, women and children are also killed by police at higher rates than their white peers. But the vulnerability of black males was particularly striking. “That 1-in-1,000 number struck us as quite high,” said study leader Frank Edwards. The number-crunching by Edwards and his coauthors also revealed that for all young men, police violence was one of the leading causes of death in the years 2013 to 2018. The findings ... add hard numbers to a pattern personified by victims like Eric Garner, Tamir Rice and Freddie Gray. Five years after police in the St. Louis suburb of Ferguson, Mo., fatally shot Michael Brown, protesters and activist groups have focused public attention on the disproportionate use of force against African Americans and other people of color. Scientists, meanwhile, are increasingly studying police violence as a public health problem. A study published in the Lancet last year found that police killings of unarmed black men were associated with an increase in mental health problems such as depression and emotional issues for black people living in the state where the killing took place.
Note: Just as a comparison, so far in the U.S., about one in 2,000 Americans have died from COVID-19 according to official figures. For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
The Pentagon is forming a new task force to investigate UFOs that have been observed by US military aircraft, according to two defense officials. Deputy Secretary of Defense David Norquist will help oversee the task force. Members of Congress and Pentagon officials have long expressed concerns about the appearance of the unidentified aircraft that have flown over US military bases. There is no consensus on their origin with some believing they may be drones potentially operated by earthly adversaries seeking to gather intelligence rather than extraterrestrials. The Senate Intelligence Committee voted in June to have the Pentagon and intelligence community provide a public analysis of the encounters, following the official Pentagon release of three short videos showing US aircraft encountering these phenomena. "We have things flying over our military bases and places where we are conducting military exercises, and we don't know what it is and it isn't ours, so that's a legitimate question to ask," the chairman of that committee, Sen. Marco Rubio, [said]. The videos released by the Pentagon appear to show unidentified flying objects rapidly moving while recorded by infrared cameras. The Pentagon had previously studied recordings of aerial encounters with unknown objects as part of a since-shuttered classified program that was launched at the behest of former Sen. Harry Reid of Nevada. That program was launched in 2007 and ended in 2012, according to the Pentagon.
Note: This is clearly part of a planned roll out to acculturate the public to the reality of UFOs. For undeniable evidence top Pentagon officials have known about the ET presence since the 1940s, see our revealing two page summary on UFOs. For more along these lines, see concise summaries of deeply revealing news articles on UFOs from reliable major media sources.
Amid fears over a potential second wave of the novel coronavirus across Europe, new infections in Sweden, where full lockdown measures were not implemented, have mostly declined since late June. The number of new cases per 100,000 people in Sweden reported over the last 14 days since July 29 dropped by 54 percent from the figure reported over 14 days prior to then, according to the latest report Wednesday from the ... WHO. Meanwhile, other parts of Europe have reported large spikes in new cases over the same period, including Spain, France, Germany, Belgium and The Netherlands, which have seen increases between 40 and 200 percent over the last month. The seven-day rolling average of Sweden's daily new cases has been dropping consistently since June 29. The seven-day rolling average of daily new deaths in Sweden has also been declining since around April 15. The country's latest seven-day rolling averages for daily new cases and daily new deaths stand at 154 and 2. Last week Anders Tegnell, the chief epidemiologist at Sweden's public health agency ... said the nation's controversial anti-lockdown strategy has been a success. Tegnell noted: "In many ways the voluntary measures we put in place in Sweden have been just as effective as complete lockdowns in other countries. We are now seeing rapidly falling cases, we have continuously had healthcare that has been working. The failure [of the strategy] has of course been the death toll…that has been very much related to the long-term care facilities in Sweden. Now that has improved, we see a lot less cases in those facilities," Tegnell said.
Note: Sweden, the country which chose not to lock down, also does not require masks. Their death rates have been in the single digits per day for a couple weeks now. As mentioned above, the seven-day rolling average is two deaths a day. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Moderna CEO StÄ‚©phane Bancel more than tripled the number of his company shares to be sold through an executive stock plan that was changed just days after the biotech in May announced positive early results for its coronavirus vaccine. Moderna's shares spiked on the May news, rising 30% in just one day. After seeking the executive stock plan change in May, Bancel sold more than 72,000 Moderna shares in the first 16 days of July, generating nearly $4.8 million for the executive. That was more than triple the 22,000 shares he had previously scheduled to sell during the same period through the company's executive trading plan. Another top Moderna executive, President Stephen Hoge, also had his pre-programmed executive trading plan reset around the same time. The change allowed him to sell $1.9 million worth of Moderna stock in the first two weeks of July. The executives' ... sales were made through what are known as 10b5-1 stock plans. These arrangements must be set up or amended at least 30 days before any transactions are executed; they are commonly used at publicly traded companies to help shield executives from potential claims of insider trading. The fact that the plans were changed during the pandemic as news was emerging about the company's closely watched coronavirus vaccine raises new questions about how Moderna executives have pocketed millions of dollars in recent months.
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.
Christopher David had watched in horror as videos surfaced of federal officers in camouflage throwing protesters into unmarked vans in Portland. The 53-year-old Portland resident had heard the stories: protesters injured, gassed, sprayed with chemicals that tugged at their nostrils and burned their eyes. David, a graduate of the U.S. Naval Academy and former member of the Navy’s Civil Engineer Corps, said he wanted to know what the officers involved thought of the oath they had sworn to protect and defend the Constitution. So, he said, on Saturday evening, he headed to downtown Portland to ask them. He asked one woman when the feds would show up, but she said it was also her first protest since the Department of Homeland Security deployed tactical units from U.S. Immigration and Customs Enforcement and U.S. Customs and Border Protection to bolster protections for federal buildings. Just as he was about to leave, David said, the federal officers emerged. “Why are you not honoring your oath?” he bellowed. “Why are you not honoring your oath to the Constitution?” An officer trained his weapon on David’s chest as several agents pushed him, sending David stumbling backward. But he regained his center and tried again. Another agent raised his baton and began to beat David, who stood unwavering with his arms at his sides. Then another officer unloaded a canister of chemical irritant spray into David’s face. At the hospital, he said, he learned his right hand had been broken in two places.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the erosion of civil liberties from reliable major media sources.
A former friend of Jeffrey Epstein confidante Ghislaine Maxwell said Tuesday she had a “secret stash” of tapes and photos allegedly showing Epstein engaging in sexual activity with various underage girls. The friend said they expect Maxwell to use the stash as her “insurance policy” to possibly avoid jail time. The friend, whose name has not been released, spoke with Daily Mail about the collection. “Ghislaine has always been as cunning as they come. She wasn't going to be with Epstein all those years and not have some insurance,” the friend said. “The secret stash of sex tapes I believe Ghislaine has squirreled away could end up being her get out of jail card if the authorities are willing to trade.” The friend said Epstein not only recorded everything he did, but also recorded several “rich and powerful men who took advantage of his sick largesse.” This gave Epstein something to “hold over” anyone else who partook in the alleged circle of trafficking and abuse between Florida and New York. Maxwell is accused of recruiting and grooming several victims of Epstein’s alleged scheme since the early 1990s. Several victims, including Virginia Roberts Giuffre, said Maxwell would pay them to work at Epstein’s homes in either New York or Florida when they were teenagers. The pair would then begin grooming the victims for “sexual services,” which would allegedly be offered to many of Epstein’s associates and friends among the world’s elite.
Note: For more on this story which was hardly reported in the US, see this informative article. This New York Post article is an exception. 60 Minutes Australia has produced an excellent segment on Jeffrey Epstein and his recently arrested sidekick Ghislaine Maxwell. How did Epstein get away with sexually abusing hundreds of teenage girls for decades? The government and multiple police departments knew what was happening, yet key officials in high positions of power protected him.
You call 911, you generally get the police. It's a one-size-fits-all solution to a broad spectrum of problems from homelessness to mental illness to addiction. Protesters are urging cities to redirect some of their police budget to groups that specialize in treating those kinds of problems. Now we're going to look at one model that's been around for more than 30 years. In Eugene, Ore., a program called CAHOOTS is a collaboration between local police and a community service called the White Bird Clinic. Ben Brubaker is the clinic coordinator, and Ebony Morgan is a crisis worker. "The calls that come in to the police non-emergency number and/or through the 911 system, if they have a strong behavioral health component, if there are calls that do not seem to require law enforcement because they don't involve a legal issue or some kind of extreme threat of violence or risk to the person, the individual or others, then they will route those to our team - comprised of a medic and a crisis worker - that can go out and respond to the call," [said Brubaker]. "I think policing may have a place within this system, but I also think that it's over-utilized as an immediate response because it just comes with a risk," [said Morgan]. "It's a risk that crisis response teams that are unarmed don't come with. In 30 years, we've never had a serious injury or a death that our team was responsible for. Models like this can help people have support in their community and feel safer within their community."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Coronavirus patients without symptoms aren’t driving the spread of the virus, World Health Organization officials said Monday, casting doubt on concerns by some researchers that the disease could be difficult to contain due to asymptomatic infections. Preliminary evidence from the earliest outbreaks indicated that the virus could spread from person-to-person contact, even if the carrier never develops symptoms. But WHO officials now say that while asymptomatic spread can occur, it is not the main way it’s being transmitted. “From the data we have, it still seems to be rare that an asymptomatic person actually transmits onward to a secondary individual,” Dr. Maria Van Kerkhove, head of WHO’s emerging diseases and zoonosis unit, said. The virus is primarily spread via respiratory droplets when someone coughs or sneezes or if they touch a contaminated surface, scientists say. WHO officials say Covid-19 can also spread in the so-called pre-symptomatic stage — a few days before a patient shows symptoms. More research and data are needed to “truly answer” the question of whether the coronavirus can spread widely through asymptomatic carriers, Van Kerkhove added. “We have a number of reports from countries who are doing very detailed contact tracing,” she said. “They’re following asymptomatic cases. They’re following contacts. And they’re not finding secondary transmission onward. It’s very rare.”
Note: This official was immediately pressured to retract what she said, even though it was based on scientific studies. Learn in this Science magazine article how Fauci based his recommendations on one faulty study with five people to state "There's no doubt after reading this paper that asymptomatic transmission is occurring." See this CNN article for Fauci quote. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Bayer will pay more than $10 billion to resolve thousands of lawsuits regarding claims that its Roundup herbicide causes cancer, the company announced. Monsanto, bought by Bayer in 2018, lost a lawsuit that same year brought by a school groundskeeper who claimed its weedkiller had caused his non-Hodgkin's lymphoma. Since then, thousands of U.S. lawsuits have been filed against the company. The settlement, however, does not contain an admission of wrongdoing or liability. Bayer will pay $8.8 billion to $9.6 billion to settle existing lawsuits and then another $1.25 billion that will cover any potential litigation in the future. Lawsuits allege that Monsanto ignored warnings that its herbicide contained potentially cancer causing chemicals, then concealed the threat to consumers. A jury awarded California groundskeeper Dewayne Johnson nearly $290 million in damages in August 2018 after they found Monsanto failed to warn Johnson and other consumers about the risks posed by its weed-killing products. A judge upheld the decision upon appeal, but lowered the damages to $78 million due to what she considered an overreach in punitive damages decided by the jury. And last year, a California jury awarded a husband and wife more than $2 billion in damages in a suit that claimed Roundup caused their illness. German pharmaceuticals and chemical giant Bayer bought Monsanto in 2018 just months before Johnson won his suit against the company. Bayer eliminated the Monsanto name, but maintained the brands.
Note: The negative health impacts of Roundup are well known. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
As images of police officers in riot gear clashing with protesters in response to the death of George Floyd proliferated from across the country, a very different theme emerged from several cities. Instead of lining up in opposition to the protesters, some police officers joined them. "I never thought of anything else, to be honest," Camden County Police Chief Joseph Wysocki told ABC News. For Camden, New Jersey, a city that had long been known for high crime rates, the police demonstrating alongside protesters in an ultimately peaceful event was not just a one-day phenomenon, but the continuation of years of efforts to bridge ties with residents since 2013, when the county police department took over public safety from the city's police agency. "We were basically able to start a new beginning," Dan Keashen, communications director for Camden County, told ABC News. That new beginning included an emphasis on everyday community policing. "It's a community, and we're part of the community. It's not us policing the city; it's us, together," Wysocki said. When officials in Camden learned plans for a demonstration were coming together, the police were able to get involved and join in because of the community ties they had made. Following the protests on Saturday, images of Wysocki walking with demonstrators, holding a banner reading, "standing in solidarity," spread across social media. So, too, did images of police officers in Santa Cruz, California, Norfolk, Virginia, and other cities.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The Covid-19 pandemic is putting the deepening class divide in America into stark relief. Four new classes are emerging. The Remotes: These are professional, managerial, and technical workers – an estimated 35% of the workforce – who are putting in long hours at their laptops ... and collecting about the same pay as before the crisis. The Essentials: They’re about 30% of workers, including nurses, homecare and childcare workers, farm workers, food processors, truck drivers, warehouse and transit workers, drugstore employees, sanitation workers, police officers, firefighters, and the military. Too many Essentials lack adequate protective gear, paid sick leave, health insurance, and childcare. They also deserve hazard pay. The Unpaid: They’re an even larger group than the unemployed – whose ranks could soon reach 25%, the same as in the Great Depression. 43% of adults report they or someone in their household has lost jobs or pay. The unpaid most need cash to feed their families and pay the rent. Fewer than half say they have enough emergency funds to cover three months of expenses. The Forgotten: This group includes everyone ... packed tightly into places most Americans don’t see: prisons, jails for undocumented immigrants, camps for migrant farmworkers, Native American reservations, homeless shelters, and nursing homes. The Essentials, the Unpaid, and the Forgotten are disproportionately poor, black, and Latino and they are disproportionately becoming infected.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic and income inequality from reliable major media sources.
Sen. Scott Jensen, R-Minn., a physician in Minnesota, was interviewed by "The Ingraham Angle" host Laura Ingraham on April 8 on Fox News and claimed hospitals get paid more if Medicare patients are listed as having COVID-19 and get three times as much money if they need a ventilator. On April 19, he doubled down on his assertion via video on his Facebook page. Jensen said, "Hospital administrators might well want to see COVID-19 attached to a discharge summary or a death certificate. Why? Because if it's a straightforward, garden-variety pneumonia that a person is admitted to the hospital for – if they're Medicare – typically, the diagnosis-related group lump sum payment would be $5,000. But if it's COVID-19 pneumonia, then it's $13,000, and if that COVID-19 pneumonia patient ends up on a ventilator, it goes up to $39,000." He noted that some states ... specifically New York, list all presumed cases, which is allowed under guidelines from the Centers for Disease Control and Prevention as of mid-April and which will result in a larger payout. The coronavirus relief legislation created a 20% premium, or add-on, for COVID-19 Medicare patients. We rate the claim that hospitals get paid more if patients are listed as COVID-19 and on ventilators as TRUE. Hospitals and doctors do get paid ... three times more if the patients are placed on a ventilator to cover the cost of care and loss of business resulting from a shift in focus to treat COVID-19 cases.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
In Italy, where the coronavirus has shuttered more than 2 million businesses and left 1 in every 2 workers without income, some Italians are putting a new twist on an old custom to help the needy and restart the economy. In Rome, the Piazza San Giovanni della Malva used to echo with the noise of crowded cafes and restaurants. Now, the only business open is a grocery shop, Er Cimotto. It's so small that social distancing forces customers to order through the window. On a recent morning, a shopper asks that 10 euros ($10.83) be added to her bill for what's called la spesa sospesa, "suspended shopping." The concept derives from the century-old Neapolitan tradition of "suspended coffee" — when a customer in a cafe pays in advance for someone who can't afford it. Shop owner Michela Buccilli says suspended coffee has been replaced with suspended grocery shopping. "The customer who has something leaves something for those who don't," she says. The store usually doubles the amount donated and provides food that does not spoil fast — such as pasta and canned goods — to a local aid group, the Sant'Egidio Community, that distributes it to the needy. Buccilli says one customer wanted specifically to donate a kilo of oranges to a needy family, so Buccilli sent the aid group a crate of oranges. Suspended shopping is an act of charity in which the donor doesn't show off and the recipient doesn't have to show gratitude. With Italy's economy in suspension, the custom is being broadened.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The COVID-19 pandemic is far from a great equalizer. In the same month that 22 million Americans lost their jobs, the American billionaire class's total wealth increased about 10%–or $282 billion more than it was at the beginning of March. They now have a combined net worth of $3.229 trillion. The initial stock market crash may have dented some net worths at first–for instance, that of Jeff Bezos, which dropped down to a mere $105 billion on March 12. But his riches have rebounded: As of April 15, his net worth has increased by $25 billion. These "pandemic profiteers," as a new report from the Institute for Policy Studies, a progressive think tank, calls them, is just one piece of the wealth inequality puzzle in America. In the background is the fact that since 1980, the taxes paid by billionaires, measured as a percentage of their wealth, dropped 79%. "We're reading about benevolent billionaires sharing .0001% of their wealth with their fellow humans in this crisis, but in fact they've been rigging the tax rules to reduce their taxes for decades–money that could have been spent building a better public health infrastructure," says Chuck Collins [of] the Institute for Policy Studies and coauthor of the new report, titled "Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers." Another key finding of the report is that after the 2008 financial crisis, it took less than 30 months for billionaire wealth to return to its pre-meltdown levels. That wealth then quickly exceeded pre-2008 levels. But as of 2019, the middle class in America has not even yet recovered to the level of its 2007 net worth.
Note: This New York Post article shows how 43,000 millionaires in the U.S. will receive a "stimulus" gift averaging $1.6 million each. At the same time, this Reuters article claims that the coronavirus lockdown could plunge half a billion worldwide into poverty. And this BBC article warns of potential massive famines. So who is this lockdown really serving? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Coronavirus patients in areas that had high levels of air pollution before the pandemic are more likely to die from the infection than patients in cleaner parts of the country, according to a new nationwide study that offers the first clear link between long-term exposure to pollution and Covid-19 death rates. In an analysis of 3,080 counties in the United States, researchers at the Harvard University T.H. Chan School of Public Health found that higher levels of the tiny, dangerous particles in air known as PM 2.5 were associated with higher death rates from the disease. For weeks, public health officials have surmised a link between dirty air and death or serious illness from Covid-19. The Harvard analysis is the first nationwide study to show a statistical link, revealing a “large overlap” between Covid-19 deaths and other diseases associated with long-term exposure to fine particulate matter. The paper found that if Manhattan had lowered its average particulate matter level by just a single unit, or one microgram per cubic meter, over the past 20 years, the borough would most likely have seen 248 fewer Covid-19 deaths by this point in the outbreak. The paper ... found that just a slight increase in long-term pollution exposure could have serious coronavirus-related consequences, even accounting for other factors like smoking rates and population density. The study also could have far-reaching implications for clean-air regulations, which the Trump administration has worked to roll back over the past three years.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic 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.