News ArticlesExcerpts of Key News Articles in Major Media
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The Federal Reserve, far from the independent institution it often touts itself as, is under intense pressure at all times from massive commercial banks and other financial institutions advocating for favorable regulations, according to federal lobbying disclosures reviewed by The Intercept, as well as interviews with former Fed and other finance employees. The Federal Reserve has come under scrutiny in recent months for its aggressive interest rate hikes. The Fed's own research has warned that its aggressive policy mirrors a similar one that caused a "severe recession" under Paul Volcker in the 1980s. Even the United Nations ... recently warned that the Fed's rate hikes risk "inflicting worse damage than the financial crisis in 2008 and the COVID-19 shock in 2020." Besides setting monetary policy, the Fed is also tasked with regulating commercial banks. The intense lobbying the Fed is subjected to is targeted at these banking regulations. Paid lobbyists make their case on behalf of massive financial corporations in the same fashion as K Street lobbyists hawking their wares to members of Congress. In 2022 alone, over 120 groups reported lobbying the Fed on issues ranging from credit card fees to cryptocurrency to sprawling monetary policy initiatives such as mortgage finance. Postings on the Federal Reserve website in the past year record meetings with Discover Financial, Student Loan Servicing Alliance, National Bankers Association, Capital One, JPMorgan Chase, Morgan Stanley, and Goldman Sachs.
Note: For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption from reliable major media sources.
Chris Nikic became the first athlete with Down syndrome to complete the Ironman World Championship when he crossed the finish line during Thursday's event in Kailua-Kona, Hawaii. The Ironman involves three events: a 2.4-mile swim, a 112-mile bike ride, and a 26.2-mile run. Nikic finished in 16 hours, 31 minutes and 27 seconds. He completed the swim in one hour, 42 minutes, the bike ride in eight hours, five minutes and the run in six hours and 29 minutes, placing 2,265th out of 2,314 athletes that competed that day. Nikic, who celebrated his 23rd birthday after crossing the finish line with his volunteer guide, accomplished the feat during Down syndrome awareness month. Nikic's perseverance has won him many admirers and his dedication won him the 2021 Jimmy V Award for Perseverance at the ESPYs after he became the first person with Down syndrome to finish an Ironman triathlon after completing the Florida Ironman in November 2020. In a video, Nikic explained his motivation in competing in the grueling events. "I rarely saw anyone who looks like me in mainstream sports. And now, we're changing that," Nikic said. "Running changed my life, but now I want everyone like me to see it's possible for them, too."
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The Justice Department is failing to adequately and efficiently collect data about deaths in state prisons and local jails, with at least 990 incidents going uncounted by the federal government in fiscal year 2021 alone, according to a newly released bipartisan Senate report. The report's findings were the focus of a hearing ... which took the federal Bureau of Prisons and then-Director Michael Carvajal to task this summer over accusations of unsanitary and unsafe conditions at a penitentiary in Atlanta and other allegations of misconduct across the federal prison system. Now, the conclusion of a 10-month investigation into how the Justice Department oversees the federal Death in Custody Reporting Act accuses the agency of missing death counts that are readily available on public websites and in arrest-related databases. The law requires that states and federal agencies report in-custody death information to the attorney general. The information was due at the end of 2016, but the Senate report says it won't be completed until 2024. "DOJ's failure to implement DCRA has deprived Congress and the American public of information about who is dying in custody and why," the report says. "This information is critical to improve transparency in prisons and jails, identifying trends in custodial deaths that may warrant corrective action – such as failure to provide adequate medical care, mental health services, or safeguard prisoners from violence – and identifying specific facilities with outlying death rates."
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the prison system from reliable major media sources.
Detroit's city council will soon vote on whether to spend millions in federal cash meant to ease the economic pains of the coronavirus pandemic on ShotSpotter, a controversial surveillance technology critics say is invasive, discriminatory, and fundamentally broken. ShotSpotter purports to do one thing very well: telling cops a gun has been fired as soon as the trigger is pulled. Using a network of microphones hitched to telephone poles, rooftops, and other urban vantage points, ShotSpotter is essentially an Alexa that listens for a bang rather than voice commands. Despite ShotSpotter's corporate claims of 97 percent accuracy, the technology's efficacy has been derided as dangerously ineffective – a techno-solutionist approach to public safety. ShotSpotter's opponents in Detroit agreed that gun violence is a serious problem but said Covid-19 relief money would be far better spent on addressing the social ills that form the basis of crime. "If people had jobs, money, after-school programs, housing, the things that they need, that's going to reduce gun violence," said Alyx Goodwin, a campaign organizer with Action Center on Race and the Economy. Snyder pointed to the fundamental irony of diverting public money billed as form of relief for the pandemic's downtrodden to surveil those very same people. ShotSpotter explicitly urges cities to tap funds from the American Rescue Plan Act, intended to salve financial hardship caused by the pandemic, to buy new surveillance microphones.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the coronavirus from reliable major media sources.
Where community activists, use-of-force victims and city officials have failed to persuade police departments to change dangerous and sometimes deadly policing practices, insurers are successfully dictating changes to tactics and policies. The movement is driven by the increasingly large jury awards and settlements that cities and their insurers are paying in police use-of-force cases, especially since the 2020 deaths of Breonna Taylor and George Floyd. Those cases led to settlements of $12 million and $27 million, respectively. Insurance companies are passing the costs – and potential future costs – on to their law enforcement clients. Larger law enforcement agencies – like the Los Angeles Sheriff's Department or the New York Police Department – handle it in different ways, often by creating a special fund to finance settlements or by paying those costs from the county's or city's general fund. This insulates them from external demands by insurers. Departments with a long history of large civil rights settlements have seen their insurance rates shoot up by 200 to 400 percent over the past three years, according to insurance industry and police experts. Even departments with few problems are experiencing rate increases of 30 to 100 percent. Now, insurers also are telling departments that they must change the way they police. A Post investigation in March documented more than $3.2 billion spent over the past decade to resolve nearly 40,000 claims at 25 of the nation's largest police and sheriff's departments.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
White House COVID-19 Response Team Coordinator Dr. Ashish Jha said during a virtual discussion Tuesday that the way we used to think about social distancing is "not actually the right way" to think about COVID-19 mitigation. The response came when U.S. Chamber of Commerce President Suzanne Clarke asked Jha what prompted the Centers for Disease Control and Prevention to update their COVID-19 guidance, and to clarify exactly what that guidance is now. "The CDC guidance sort of relaxes a lot of the restrictions we've had," Jha responded. "Tells us that there's a really new way of thinking about who is going to get infected. We used to spend a lot of time talking about six feet of distance, 15 minutes of being together. You know, we realize that's actually not the right way to think about this, that's not the kind of – most accurate way to think about this." Jha said that, instead ... it's really about the quality of air you're breathing around you. "A crowded indoor space with poor ventilation, you can get infected within minutes," Jha continued "If you're outdoors, with obviously by definition good ventilation, you can be outside for long periods of time and not get infected. So, context matters, crowds matter, ventilation matters." The latest CDC guidance says social distancing is "just one component of how to protect yourself and others" from COVID-19. The deemphasis on social distance marks a shift in the CDC's messaging, which had long prioritized social distancing as a critical mitigation strategy.
Note: If anyone made these comments in 2021, they would likely have been censored. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.
Aaron Rodgers and Kenny Stills are among the few who have spoken publicly about their use of psychedelics for mental health purposes. But a future where the treatment is more widespread across sports may not be so far away. "Some people still ... don't recognize these as legitimate, life-saving medical medicines," [NBA agent Daniel] Poneman says. "There are athletes that I know who have had life-changing experiences with these medicines, but only a few of them are brave enough to speak out for fear of being stigmatized." There's still stigma around taking medication of any kind for mental illness, but it's slowly lessening. Aaron Rodgers said on a recent podcast that he has taken psychedelics to improve his mental health. The Packers' quarterback said he does not identify as having a mental illness like depression or anxiety, but that his most recent psychedelic experience–with ayahuasca, in March 2020, in Peru–has helped increase his "self-love." Before Rodgers spoke out, NFL free-agent wide receiver Kenny Stills was thought to be the only active professional athlete vocal about his psychedelic use. Stills, who last season played for the Saints, says his case of depression in 2016 felt like a "permanent cloud." Last year he went to a clinic run by Field Trip Health, a for-profit that provides people with ketamine-assisted psychotherapy–meaning they have to take the medication under supervision of a licensed therapist and debrief with them afterward.
Note: Read more about the healing potentials of psychedelic medicine. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Guardian analysis of water samples from around the United States shows that the type of water testing relied on by the US Environmental Protection Agency (EPA) is so limited in scope that it is probably missing significant levels of PFAS pollutants. The undercount leaves regulators with an incomplete picture of the extent of PFAS contamination and reveals how millions of people may be facing an unknown health risk in their drinking water. The analysis checked water samples from PFAS hot spots around the country with two types of tests: an EPA-developed method that detects 30 types of the approximately 9,000 PFAS compounds, and another that checks for a marker of all PFAS. Seven of the nine samples collected showed higher levels of PFAS in water using the test that identifies markers for PFAS, than levels found when the water was tested using the EPA method – and at concentrations as much as 24 times greater. PFAS ... are often called "forever chemicals" because they don't fully break down, accumulating in the environment. Some are toxic at very low levels and have been linked to cancer, birth defects, kidney disease, liver problems, decreased immunity and other serious health issues. The limitations of the test used by state and federal regulators, which is called the EPA 537 method, virtually guarantees regulators will never have a full picture of contamination levels as industry churns out new compounds much faster than researchers can develop the science to measure them.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health from reliable major media sources.
It was an attention-grabbing assertion that made headlines around the world: U.S. officials said they had indications suggesting Russia might be preparing to use chemical agents in Ukraine. President Joe Biden later said it publicly. But three U.S. officials told NBC News this week there is no evidence Russia has brought any chemical weapons near Ukraine. They said the U.S. released the information to deter Russia from using the banned munitions. It's one of a string of examples of the Biden administration's ... deploying declassified intelligence as part of an information war against Russia. Coordinated by the White House National Security Council, the unprecedented intelligence releases have been so frequent and voluminous, officials said, that intelligence agencies had to devote more staff members to work on the declassification process, scrubbing the information so it wouldn't betray sources and methods. The idea is to pre-empt and disrupt the Kremlin's tactics, complicate its military campaign, "undermine Moscow's propaganda and prevent Russia from defining how the war is perceived in the world," said a Western government official familiar with the strategy. Multiple U.S. officials acknowledged that the U.S. has used information as a weapon even when confidence in the accuracy of the information wasn't high. Sometimes it has used low-confidence intelligence for deterrent effect, as with chemical agents, and other times, as an official put it, the U.S. is just "trying to get inside Putin's head."
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and war from reliable major media sources.
For most New Mexico residents, college will now be officially tuition-free. New Mexico Gov. Michelle Lujan Grisham signed on Friday Senate Bill 140, otherwise known as the New Mexico Opportunity Scholarship Act. First introduced in 2019, the plan will waive tuition for any students attending any in-state public school or tribal college, including community colleges. "For over a quarter of a century, New Mexico has been a national leader in providing free college to its residents. A fully funded Opportunity Scholarship opens the door for every New Mexican to reach higher, strengthening our economy, our families and our communities," Lujan Grisham said. "Signing this legislation sends a clear message to New Mexicans that we believe in them and the contributions they will make for their families and the future of our great state." Eligible students must enroll in a minimum of six credit hours and maintain a grade point average of at least 2.5 during their time in college. The scholarship has already been awarded to more than 10,000 students over the last two years, but now $75 million has been allocated to the fund. That could support up to 35,000 students this fall alone ... and allows part-time students and adult learners to take advantage, as well. Across the country, many states have moved to provide some sort of tuition-free college education, typically at the community college level. In 2019, California waived tuition for first-time, full-time students attending two years of community college.
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At this point, one thing about the pandemic is clear: The COVID-19 vaccines, even when followed by a booster, aren't going to stop the coronavirus – or provide long-term protection from infections. Right after the third shot – the booster – antibodies rise up quickly. But then about a month later, they begin to decline. As a result, protection against infection drops down to about 50% three months later. So the question is: Should you get a fourth dose to beef up protection again? A preliminary study from Israel ... suggests that for the general population, the answer is likely no. A fourth shot of the same vaccine – in this case Pfizer-BioNTech or Moderna – offered very little extra protection against infection compared with only three shots. "Not a third dose, not a fourth dose, not a fifth dose will do anything to stop infections [long term]," says Dr. Gili Regev-Yochay, an infectious disease specialist at Sheba Medical Center in Tel HaShomer, Israel, and lead author of the new study. Regev-Yochay and her team gave about 300 health care workers a fourth shot, either Pfizer or Moderna. And then they looked to see if those people were less likely to become infected while working at Sheba Medical Center, compared with about 400 health care workers who had received only three shots. The extra dose reduced the risk of an infection by only about 10% to 30%, Regev-Yochay and her team report. The extra dose also didn't appear to activate T cells, which are critical for clearing out a future infection.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Mark Cuban has opened up a new online pharmacy to help make generic drugs more affordable. The Mark Cuban Cost Plus Drug Company (MCCPDC) officially launched last week, claiming to offer the "lowest prices on 100 lifesaving prescriptions, according to a press release. The company is able to offer lower prices because it's a registered pharmaceutical wholesaler, meaning MCCPDC can "bypass middlemen and outrageous markups," per the press release. "The pharmacy's prices reflect actual manufacturer prices plus a flat 15% margin and pharmacist fee," the press release states. The company also "refuses to pay spread prices" to pharmacy benefits managers, which manage prescription drug benefits on behalf of health insurers. One of the medications available is Imatinib, a leukemia treatment that has a retail price of $9,657 a month and costs around $120 a month with a common voucher, per the press release. However, the MCCPDC offers a steep discount, making the drug available for $47 per month. Two other notable prescriptions available at a significantly reduced price are Mesalamine, used for ulcerative colitis treatment, as well as gout treatment drug Colchicine. "Not everyone sets the goal of being the lowest cost producer and provider," the billionaire [said]. "My goal is to make a profit while maximizing impact." "We will do whatever it takes to get affordable pharmaceuticals to patients," CEO Alex Oshmyansky said.
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Previous infection with the coronavirus appeared to provide stronger protection against the Delta variant than did vaccination in a large sample of patients, the Centers for Disease Control and Prevention reported. Scientists analyzed testing, surveillance and immunization data from the [New York and California] to gauge the level of protection offered by vaccines and previous infection. During the week beginning May 30, 2021, vaccinated people who had not experienced Covid had the lowest risk of coronavirus infection and hospitalization, followed by unvaccinated people who had been previously diagnosed with Covid. By the week beginning Oct. 3, however, vaccinated people with a prior diagnosis fared best against the Delta variant. Unvaccinated people with a history of Covid also had lower rates of infection and hospitalization than those protected by vaccines alone. Waning of vaccine-derived immunity may explain why vaccinated people were less protected from infection with the Delta variant than those who had a prior diagnosis. A recent study of employees at the Cleveland Clinic suggested that ... vaccination does not add much benefit to a prior bout for the first many months.
Note: The full article is strongly biased towards vaccination, yet the data shows that prior exposure to COVID often provides better protection than the vaccines, whose protection clearly wanes over time. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Previous infection with the coronavirus appeared to provide stronger protection against the Delta variant than did vaccination in a large sample of patients, the Centers for Disease Control and Prevention reported. Scientists analyzed testing, surveillance and immunization data from the [New York and California] to gauge the level of protection offered by vaccines and previous infection. During the week beginning May 30, 2021, vaccinated people who had not experienced Covid had the lowest risk of coronavirus infection and hospitalization, followed by unvaccinated people who had been previously diagnosed with Covid. By the week beginning Oct. 3, however, vaccinated people with a prior diagnosis fared best against the Delta variant. Unvaccinated people with a history of Covid also had lower rates of infection and hospitalization than those protected by vaccines alone. Waning of vaccine-derived immunity may explain why vaccinated people were less protected from infection with the Delta variant than those who had a prior diagnosis. A recent study of employees at the Cleveland Clinic suggested that ... vaccination does not add much benefit to a prior bout for the first many months.
Note: The full article is strongly biased towards vaccination, yet the data shows that prior exposure to COVID often provides better protection than the vaccines, whose protection clearly wanes over time. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Five of the world's largest nuclear powers pledged on Monday to work together toward "a world without nuclear weapons" in a rare statement of unity amid rising East-West tensions. "A nuclear war cannot be won and must never be fought," said the joint statement, which was issued simultaneously by the United States, Russia, China, the United Kingdom and France. "As nuclear use would have far-reaching consequences, we also affirm that nuclear weapons - for as long as they continue to exist - should serve defensive purposes, deter aggression, and prevent war." The statement also stressed the importance of preventing conflict between nuclear-weapon states from escalating, describing it as a "foremost responsibility." The statement released by the five powers ... as permanent members of the United Nations Security Council, called on all states to create a security environment "more conducive to progress on disarmament with the ultimate goal of a world without nuclear weapons with undiminished security for all. The five pledged to adhere to the 1970 Nuclear Nonproliferation Treaty (NPT) which obligates them "to pursue negotiations in good faith on effective measures relating to cessation of the nuclear arms race at an early date and to nuclear disarmament." Some of the text of the statement ... echoes a statement issued by the five nations after a December conference in Paris that laid the groundwork for the since delayed review of the treaty.
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Canadian officials said Tuesday they have reached $31.5 billion in agreements in principle with Indigenous groups to compensate First Nations children who were unnecessarily taken from their homes and put into the child welfare system, a major development in a dispute that has long been a sticking point in Ottawa's efforts to advance reconciliation with Indigenous people. Under the agreements, half of the money would go to children and families harmed by an underfunded and discriminatory child welfare system on First Nations reserves and in the Yukon, while the rest would be earmarked over five years for long-term reforms, the Indigenous services ministry said. "This is the largest settlement in Canadian history, but no amount of money can reverse the harms experienced by First Nations children," Marc Miller, Canada's Crown-Indigenous relations minister, told reporters. "Historic injustices require historic reparations." The dispute dates to 2007, when several Indigenous advocacy groups claimed in a human rights complaint that the federal government's "inequitable and insufficient" funding of child welfare services on First Nations reserves was discriminatory. In 2016, the Canadian Human Rights Tribunal agreed with the advocates. The panel said the federal government's funding formula was based on "flawed assumptions about children in care," resulting in a system that incentivized the removal of First Nations children from their homes and their cultures.
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For 33 years and four months [the highly decorated General Smedley] Butler had been a United States Marine. Butler knew what most Americans did not: that in all those years, he and his Marines had destroyed democracies and helped put into power the Hitlers and Mussolinis of Latin America, dictators like the Dominican Republic's Rafael Trujillo and Nicaragua's soon-to-be leader Anastasio Somoza – men who would employ violent repression and their U.S.-created militaries to protect American investments and their own power. He had done so on behalf of moneyed interests like City Bank, J. P. Morgan, and the Wall Street financier Grayson M.P. Murphy. And now a bond salesman, who worked for Murphy, was pitching Butler on a domestic operation that set off the old veteran's alarm bells. The bond salesman was Gerald C. MacGuire. He made his proposal: The Marine would lead half a million veterans in a march on Washington, blending the Croix de Feu's assault on the French legislature with the March on Rome that had put Mussolini's Fascisti in power. They would be financed and armed by some of the most powerful corporations in America – including DuPont, the nation's biggest manufacturer of explosives and synthetic materials. The purpose of the action was to stop Roosevelt's New Deal, the president's program to end the Great Depression, which one of the millionaire du Pont brothers deemed "nothing more or less than the Socialistic doctrine called by another name." Butler recognized this immediately as a coup.
Note: Read a concise summary of the highly decorated US General Butler's important book "War is a Racket." He makes clear that the reason we have so much war has little to do with national security and everything to do with padding the pockets of those in the military-industrial complex. Read more about the fascist plot to take over the US that he uncovered. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
In May, a long-awaited randomized, double-blind, placebo-controlled, Phase 3 clinical trial testing MDMA-assisted therapy for the treatment of PTSD was published in Nature Medicine. The trial was conducted by MAPS Public Benefit Corporation, a for-profit subsidiary launched by the registered non-profit in 2014, with the goal of conducting the necessary research to make MDMA a legally available medicine. "We are a for-profit, but we're wholly owned. We only have one shareholder, and it's a non-profit," says CEO Amy Emerson. While a non-profit is tax exempt and operates for charity, the PBC, like a traditional corporation, pays taxes, operates for profit, and has shareholders and stocks. The results of the Phase 3 clinical trial conducted by MAPS PBC revealed that after receiving a combination of talk therapy and MDMA, 67 percent of participants who received the drug no longer met the diagnostic criteria for PTSD, compared to 32 percent of participants who received the placebo. The trial was recently acknowledged as a "big win for the field" in Science Magazine's annual Breakthrough of the Year awards. "In our three-session model, there's no follow-up medication needed," [MAPS CMO Dr. Corine de Boer] says. After pooling the data of six Phase 2 trials together, de Boer's team found that 57 percent of participants no longer met the criteria for PTSD. At a one-year follow-up during which no MDMA was administered, that number increased to 67 percent.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the healing potentials of mind-altering drugs from reliable major media sources.
The Associated Press sought answers Monday from the Department of Homeland Security on its use of sensitive government databases for tracking international terrorists to investigate as many as 20 American journalists, including an acclaimed AP reporter. In a letter to DHS Secretary Alejandro Mayorkas, AP Executive Editor Julie Pace urged the agency to explain why the name of Pulitzer Prize-winning investigative reporter Martha Mendoza was run through the databases and identified as a potential confidential informant during the Trump administration, as detailed in a report by Homeland Security's inspector general. The DHS investigation of U.S. journalists, as well as congressional staff and perhaps members of Congress ... represents the latest apparent example of an agency created in the wake of the 9/11 attacks using its vast capabilities to target American citizens. The AP's letter ... called for "assurances that these improper practices and apparent abuse of power will not continue going forward." That would be in line with recent order from Attorney General Merrick Garland prohibiting the seizing of records of journalists in leak investigations. That followed an outcry over revelations that the Justice Department under former President Donald Trump had obtained records belonging to journalists, as well as Democratic members of Congress. During the Obama administration, federal investigators secretly seized phone records for some reporters and editors at the AP.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and media manipulation from reliable major media sources.
The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report. The bumper profit totals ... show that in the third quarter of 2021 alone, 24 top oil and gas companies made more than $74bn in net income. From January to September, the net income of the group, which includes Exxon, Chevron, Shell and BP, was $174bn. Gasoline prices have hit a seven-year high in the US due to the rising cost of oil, with Americans now paying about $3.40 for a gallon of fuel compared with around $2.10 a year ago. The Biden administration has warned the price hikes are hurting low-income people, even as it attempts to implement a climate agenda that would see America move away from fossil fuels, and has released 50m barrels of oil from the national strategic reserve to help dampen costs. But oil and gas companies have shown little willingness so far to ramp up production to help reduce costs and the new report, by the government watchdog group Accountable.US, accuses them of "taking advantage of bloated prices, fleecing American families along the way" amid ongoing fallout from the Covid-19 pandemic. The analysis of major oil companies' financials shows that 11 of the group gave payouts to shareholders worth more than $36.5bn collectively this year, while a dozen bought back $8bn-worth of stock.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
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