News ArticlesExcerpts of Key News Articles in Major Media
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The chief scientist brought on to lead the Trump administration's vaccine efforts has spent the last several days trying to disentangle pieces of his stock portfolio and his intricate ties to big pharmaceutical interests. The scientist, Moncef Slaoui, is a venture capitalist and a former longtime executive at GlaxoSmithKline. Most recently, he sat on the board of Moderna, a Cambridge, Mass., biotechnology firm with a $30 billion valuation that is pursuing a coronavirus vaccine. He resigned when President Trump named him last Thursday to the new post as chief adviser for Operation Warp Speed, the federal drive for coronavirus vaccines and treatments. Just days into his job, the extent of Dr. Slaoui's financial interests in drug companies has begun to emerge: The value of his stock holdings in Moderna jumped nearly $2.4 million, to $12.4 million when the company released preliminary, partial data from an early phase of its candidate vaccine trial. Dr. Slaoui did not come on board as a government employee. Instead, he is on a contract ... that leaves him exempt from federal disclosure rules that would require him to list his outside positions, stock holdings and other potential conflicts. And the contract position is not subject to the same conflict-of-interest laws and regulations that executive branch employees must follow. Dr. Slaoui ... is not the first Trump administration official with close relationships to drug and health care companies. Alex M. Azar II, the health and human services secretary, is a former Eli Lilly executive.
Note: If the above link fails, this article is also available here. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in Big Pharma from reliable major media sources.
With nearly 55,000 confirmed lives lost in the United States so far and widespread economic disruption from the coronavirus, it is increasing apparent that America could learn a thing or two from how other democracies are managing the pandemic. Taiwan, for example, never ordered a lockdown. Its baseball season is in full swing. The country is so flush with pandemic supplies that it is exporting 10 million masks to America and elsewhere. Under Iceland's "lockdown lite," kindergartens and elementary schools are on limited operations, allowing parents to work. South Korea's malls and restaurants are bustling. Constraints are being eased in New Zealand and in Germany. The rate of coronavirus deaths in these five countries — three of which are led by women — is significantly less than that in the United States, which has lost more people to the virus than any nation and has the world's seventh highest COVID-19 mortality rate. Taiwan, South Korea, Iceland and Germany began stockpiling test kits even before their first coronavirus deaths. The United States, meanwhile, fumbled the creation of a COVID-19 test in February and has been behind ever since. Other nations were innovative and aggressive on testing. Taiwan checked passengers disembarking from cruise ships and retested patients diagnosed with influenza or pneumonia to ensure no mistakes were made. South Korea launched drive-thru diagnostics on Feb. 26. Iceland leads the world in per capita testing, while America ranks 41st.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.
A black Miami doctor was handcuffed outside his home last week while on his way to hand out tents to the city’s homeless during the coronavirus outbreak. Security footage appeared to show a police sergeant handcuffing Dr. Armen Henderson, an internal medicine physician at the University of Miami Health System, as he was placing camping tents in his van. According to Henderson, the officer asked him what he was doing and if he was littering – Henderson told him he lived there. “At some point, he got upset with what I was saying and he handcuffed me,” Henderson [said]. The officer then walked him over to the police car and pointed his fingers at him, all while not wearing a mask. Henderson’s wife, Leyla Hussein, came out of the house with identification to prove they both lived there. Incidents like these underscore why black communities often distrust law enforcement. Only about a third of blacks say local police, “do an excellent or good job in using the appropriate force on suspects,” according to a 2016 Pew Research Center study. After fatal police shootings of black men such as Walter Scott and Alton Sterling, [a] study found that black people were, in fact, more likely to be stopped by police. “If you’re black or a minority, you’re significantly more likely to be arrested if they stop you,” Ted Miller ... who led the study, [said]. In 2019, another study ... revealed black men were 2.5 times more likely than white men to be killed by the police.
Note: Read about a 26-year-old black woman who was an EMT needlessly shot to death in her home and the purely racist murder of 25-year-old jogger Ahmaud Arbery. When will it stop? For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
The statewide order to shelter in place that went into effect on March 20 had a beneficial side-effect: Accidents, injuries and fatalities on California roadways were cut in half, saving the state and residents of California $1 billion, according to a UC Davis study. In the 22 days after the shelter-in-place order (March 21-April 11), there was an average of 450 vehicle collisions per day throughout the state, according to the study conducted by the Road Ecology Center at UC Davis. During the same period in 2019, there were 1,128 collisions per day. In the 22 days prior to sheltering in place, there were 1,056 accidents per day. “The reduction in traffic crashes, injuries and fatalities is a bit of a silver lining for people who are staying at home and who are impacted by the pandemic,” said ... project lead author Fraser Shilling. "The reduction in numbers of all collisions, injury, and fatal collision was equivalent to a $40 million/day savings in costs and about $1 billion in savings since the Governor’s order went into effect," the study concluded. The figures were calculated using Federal Highway Administration data, which includes savings from "property damage, treatment of injuries, lost time at work, emergency responses, insurance claims, and the equivalent cost of a life." Not surprisingly, the study found that traffic volume decreased 20% to as much as 55%. "There is no equivalent in our recent transportation history to such large changes in vehicle movement on our state and local roads," the study said.
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Estimates of [coronavirus] lethality keep going down. On March 31, the White House estimated that, even with social distancing policies in place, between 100,000 and 240,000 Americans would die of covid-19. Anthony S. Fauci recently indicated the government’s estimates will soon be revised downward. Predictions for hospitalization rates have also proved to be substantial overestimations. On March 30, University of Washington researchers projected that California would need 4,800 beds on April 3. In fact, the state needed 2,200. The same model projected that Louisiana would need 6,400; in fact, it used only 1,700. Even New York, the most stressed system in the country, used only 15,000 beds against a projection of 58,000. In March, the World Health Organization announced that 3.4 percent of people with the virus had died from it. That would be an astonishingly high fatality rate. Fauci suggested a week later that the actual rate was probably 1 percent. [Yet] some studies find that 75 to 80 percent of people infected could be asymptomatic. That means most people infected with the virus ... never get counted. Standford's John Ioannidis, ... one of the most cited scientists in the field, believes we have massively overestimated the fatality of covid-19. “Iif you make a small mistake in the base numbers, you end up with a final number that could be off 10-fold, 30-fold, even 50-fold,” he [said]. South Korea has been able to tackle the virus without lockdowns precisely because it has handled testing superbly. We have shut down the economy based on models. But models are only as good as the data that shapes them.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Michael Levitt, a Nobel laureate and Stanford biophysicist, began analyzing the number of COVID-19 cases worldwide in January and correctly calculated that China would get through the worst of its coronavirus outbreak long before many health experts had predicted. Now he foresees a similar outcome in the United States and the rest of the world. While many epidemiologists are warning of months, or even years, of massive social disruption and millions of deaths, Levitt says the data simply don’t support such a dire scenario — especially in areas where reasonable social distancing measures are in place. “What we need is to control the panic,” he said. In the grand scheme, “we’re going to be fine.” Here’s what Levitt noticed in China: On Jan. 31, the country had 46 new deaths due to the novel coronavirus, compared with 42 new deaths the day before. Although the number of daily deaths had increased, the rate of that increase had begun to ease off. It was an early sign that the trajectory of the outbreak had shifted. “This suggests that the rate of increase in the number of deaths will slow down even more over the next week,” Levitt wrote. He predicted that the total number of confirmed COVID-19 cases in China would end up around 80,000, with about 3,250 deaths. This forecast turned out to be remarkably accurate. Now Levitt ... is seeing similar turning points in other nations. He analyzed data from 78 countries that reported more than 50 new cases of COVID-19 every day and sees “signs of recovery” in many of them.
Note: Consider the research of 12 other experts questioning the coronavirus panic. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.
A Texas appeals court on Thursday upheld a five-year prison sentence for a woman who was convicted of illegally voting even though she didn't know she was ineligible when she went to the polls in 2016. The punishment for the Fort Worth woman, Crystal Mason, stirred national outrage because of its severity, prompting accusations that prosecutors were trying to intimidate Texans from voting. Four years ago, Mason was on supervised release, similar to probation, for a federal felony conviction. Mason voted in the last presidential election at the urging of her mother and cast a provisional ballot. The ballot was never counted because Mason was not an eligible voter. During her 2018 trial probation officials testified that they never told Mason she could not vote, but the appeals court said that didn't matter. Mason was guilty, the court said, because she knew she was on supervised release. Texas is one of 48 states that strip people with felony convictions of the right to vote, but the rules on when people regain the right to vote vary widely from state to state and are often extremely confusing, even to elections officials. The decision to prosecute Mason was unusual. Since 2014, at least 12,668 people have voted using a provisional ballot in Tarrant county and 88% of them have been rejected because the voter was not eligible. Mason is the only voter who used a provisional ballot who was prosecuted for illegal voting.
Note: For more along these lines, see concise summaries of deeply revealing news articles on elections corruption from reliable major media sources.
Before a vaccine to combat the coronavirus pandemic is within view, the Trump administration has already walked back its initial refusal to promise that any remedy would be affordable to the general public. “We can’t control that price because we need the private sector to invest,” Alex Azar, Health and Human Services secretary and a former drug industry executive, told Congress. After extraordinary blowback, the administration insisted that in the end, any treatment would indeed be affordable. The federal government, though, under the Clinton administration, traded away one of the key tools it could use to make good on the promise of affordability. Gilead Sciences, a drugmaker known for price gouging, has been working with Chinese health authorities to see if the experimental drug remdesivir can treat coronavirus symptoms. But remdesivir, which was previously tested to treat Ebola virus, was developed through research conducted at the University of Alabama ... with funding from the federal government. That’s how much of the pharmaceutical industry’s research and development is funded. The public puts in the money, and private companies keep whatever profits they can. It wasn’t always that way. Before 1995, drug companies were required to sell drugs funded with public money at a reasonable price. Under the Clinton administration, that changed. In April 1995, the Clinton administration capitulated to pharmaceutical industry pressure and rescinded the longstanding “reasonable pricing” rule.
Note: Read an excellent post by an infectious disease doctor saying he's much more concerned about the fear and panic around the Coronavirus than about the virus itself. For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
Scientists say they have seen a remarkable collection of blue whales in the coastal waters around the UK sub-Antarctic island of South Georgia. Their 23-day survey counted 55 animals - a total that is unprecedented in the decades since commercial whaling ended. To witness 55 of them now return to what was once a pre-eminent feeding ground for the population has been described as "truly, truly amazing" by cetacean specialist Dr Trevor Branch. "To think that in a period of 40 or 50 years, I only had records for two sightings of blue whales around South Georgia. So to go from basically nothing to 55 in one year is astonishing," he told BBC News. Blue whales are the most massive creatures ever to roam the Earth, and the Antarctic sub-species contained the very biggest of the big at over 30m. This population was also the most numerous of the 10 or so discrete populations across the globe, carrying perhaps 239,000 individuals prior to the onset of industrial exploitation. But the marine mammals' physical size made them a profitable catch, and around South Georgia more than 33,000 Antarctic blues were documented to have been caught and butchered, most of them between 1904 and 1925. By the time a ban was introduced in 1966, a sighting anywhere in Southern Ocean waters would have been extremely rare indeed. The last official estimate of abundance was made in 1997 and suggested Antarctic blues could have recovered to about 2,280 individuals.
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Seven top agency officials, including the heads of the FBI and CIA, issued a joint statement predicting Russia, and other countries intend to meddle in the 2020 elections via cyber attacks or social media. “Russia, China, Iran, and other foreign malicious actors all will seek to interfere in the voting process or influence voter perceptions,” the joint statement said. The threat of more cyber attacks, plus disinformation and social media operations to sway public opinion, has prompted the federal government to work closely with officials in all 50 states, the statement said. A Senate intelligence committee report in mid-2019 concluded that Kremlin hackers manipulated election systems in all 50 states, and succeeded in breaching systems in two Florida counties and another state. New questions are being raised about the safety of some electronic voting equipment given problems in 2019 and 2018, respectively, in Pennsylvania and Georgia. A lawsuit was filed last month to block Pennsylvania from certifying electronic voting equipment that Philadelphia has purchased, after the same machines encountered significant problems in November in undercounting votes. The equipment was made by ... ES&S, which boasts about 50% of the national voting machine market and has been cited before for malfunctions. In Georgia in the 2018 elections, for instance, old voting machines made by ES&S were involved in counting votes in a race where reportedly about 80,000 votes were strangely not cast.
Note: There have been serious problems with electronic voting in the US for decades. There is little doubt powerful factions within the US have taken advantage of this. Only now that the Russians are being accused is anyone talking about this. For more along these lines, see concise summaries of deeply revealing news articles on elections corruption from reliable major media sources.
For most, psychedelic drugs conjure up images of the 1960's, hippies tripping out on LSD or magic mushrooms. But ... these powerful, mind-altering substances are now being studied seriously by scientists inside some of the country's foremost medical research centers. They're being used to treat depression, anxiety and addiction. The early results are impressive, as are the experiences of the studies' volunteers who go on a six-hour, sometimes terrifying, but often life-changing psychedelic journey. For nearly two decades now, [scientist Roland Griffiths] and his colleague Matthew Johnson have been giving what they call "heroic doses" of psilocybin to more than 350 volunteers, many struggling with addiction, depression and anxiety. Carine McLaughlin was a smoker for 46 years and said she tried everything to quit before being given psilocybin at Johns Hopkins last year. That was more than a year ago; she says she hasn't smoked since. The study she took part in is still ongoing, but in an earlier, small study of just 15 long-term smokers, 80% had quit six months after taking psilocybin. That's double the rate of any over-the-counter smoking cessation product. Jon Kostakopoulos was drinking a staggering 20 cocktails a night ... when he decided to enroll in another psilocybin trial at New York University. During one psilocybin session, he was flooded with powerful feelings and images from his past. He took psilocybin in 2016. He says he hasn't had a drink since.
Note: For more along these lines, see concise summaries of deeply revealing news articles on mind-altering drugs from reliable major media sources.
The sentence “Jeffrey Epstein did not kill himself” has emerged as a pop culture catchphrase popping up on TV and on memes across social media, sometimes creating awkward moments when people question the narrative surrounding the now-deceased sex offender’s mysterious death. The statement was uttered by an attendee of last weekend’s University of Alabama-Louisiana State University football game when an MSNBC reporter inquired what students thought about President Trump’s decision to attend the event. MSNBC’s Monica Alba asked a student what he liked about the president but didn’t receive the answer she expected. “I would say mainly just the no-nonsense policies and especially since Jeffrey Epstein didn’t kill himself,” a student identified as Parker said on live television. New York City Medical Examiner officially listed Jeffrey Epstein’s death as a suicide by hanging. However, everyone from forensic experts and social media sleuths to ABC News anchor Amy Robach have suggested there is more to the story. Robach said on an infamous hot mic video – that was leaked to the media from within ABC News – that she “100 percent” thinks Epstein was actually murdered. “He made his whole living blackmailing people. There [were] a lot of men in those planes, a lot of men who visited that island, lot of powerful men who came into that apartment,” Robach said. "I knew immediately."
Note: For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein from reliable major media sources.
A growing number of smaller companies are adopting a four-day workweek. Now the results of a recent trial at Microsoft (MSFT) suggest it could work even for the biggest businesses. The company introduced a program this summer in Japan called the "Work Life Choice Challenge," which shut down its offices every Friday in August and gave all employees an extra day off each week. The results were promising: While the amount of time spent at work was cut dramatically, productivity — measured by sales per employee — went up by almost 40% compared to the same period the previous year, the company said in a statement. In addition to reducing working hours, managers urged staff to cut down on the time they spent in meetings and responding to emails. They suggested that meetings should last no longer than 30 minutes. Employees were also encouraged to cut down on meetings altogether by using an online messaging app. The effects were widespread. More than 90% of Microsoft's 2,280 employees in Japan later said they were impacted by the new measures, according to the company. By shutting down earlier each week, the company was also able to save on other resources, such as electricity. Microsoft ... says it will conduct another experiment in Japan later this year. It plans to ask employees to come up with new measures to improve work-life balance and efficiency, and will also ask other companies to join the initiative.
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The Standing Rock movement in 2016 brought together Indigenous activists from across the nation to fight against the Dakota Access Pipeline. One of the demands of this movement included divestment from Wells Fargo, a bank that was funding development of the pipeline. This brought into the spotlight ... big for-profit banks that the government uses to invest public money into Wall Street, rather than local communities. Some of those investments include the fossil fuel industry, private prisons, immigrant detention centers, and more. The divestment movement is mostly about getting those government investments ... out of the big banks. The question then becomes where to put them. Some ... say the answer is public banking. In September, the California State Legislature passed Assembly Bill 857, a law that would allow a regulatory framework for public banking in the state. This would allow the establishment of banks that hold the governments money and include socially responsible charters. Debbie Notkin, who works with the California Public Banking Alliance, says that by law, all corporations, which includes private banks, are legally obligated to maximize profit. Public banks are not held to this expectation, however, and are instead mandated to serve their communities. Community investments have unlimited possibilities, including affordable housing, saving people from foreclosure, making student loans more affordable, and creating more infrastructure to defend against the effects of climate change.
Note: Ellen Brown is a dedicated researcher who has promoted public banks for years. Check out her excellent work on her website at https://ellenbrown.com. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
When Charles King went blind at 39, he gave up — on life, on his pregnant girlfriend, and on himself. “I said ‘OK God, that’s it. I quit.’ I literally quit and just went out on the streets and joined the homeless,” he said. “I hoped that because I was blind, someone on the streets would kill me.” But going blind and becoming homeless wasn’t the toughest battle King would have to face. In 2000, after he got clean and was reunited with his family, King’s 14-year-old daughter died. Five years after that, he was diagnosed with cancer. And yet, somehow he’s lifted himself up — both mentally and physically. Today, the 69-year-old Philadelphian is one of the oldest blind powerlifters in the world, having finished first in his weight and age class last month at the United States Association of Blind Athletes National Powerlifting Championships in Colorado Springs, Colo., with a 248-pound squat, a 236-pound bench press, and a 341-pound dead lift. Now, King is inspiring other blind senior citizens. These days, when King feels the depression kicking in, he goes to the gym. Recently ... a student approached and asked if he could join him. After their workout was over, the young man confessed that he’d seen King around campus before but for some reason, was moved to approach him that day. “He says, ‘Mr. Charles, I thank God for meeting you today because I was ready to give up on my classes and goals because it’s too hard, but after watching you, I’m regenerated,’” King recalled. “I said, ‘Son, God blessed both of us today.’ ”
Note: Watch a moving video of this inspiring man talking about his profound transformation. Explore a treasure trove of concise summaries of incredibly inspiring disabled persons news articles which will inspire you to make a difference.
Detective Michael Fisten hung up his badge after 30 years in law enforcement and started a new career as a private investigator. The subject of his [first] investigation was Jeffrey Epstein, the jet-setting multimillionaire with a criminal sexual interest in young girls. At the time Fisten started investigating the case in 2009, Epstein and prosecutors had already signed a controversial "non-prosecution agreement" that allowed the financier to plead guilty to less serious sex offenses and escape punishment for alleged trafficking crimes that could have landed him in prison for the rest of his life. Epstein spent 13 months in jail for two counts of prostitution. Even then, Epstein was given work-release privileges. Fisten was hired to investigate the case by attorney Brad Edwards, who was suing Epstein in civil court on behalf of many of his accusers. Edwards wanted Fisten to dig deeper. "I started going out and interviewing witnesses that became victims," Fisten said. "One after another, three girls turned into four girls, turned into five, six, seven and so on...I couldn't help but think that this could've been my daughter." He said he found it inconceivable that people who traveled in Epstein's social circles weren't aware of his misconduct, particularly with so many underage girls in his company. "Once these girls lost their braces and their pubescent look and started becoming 16-years old or 17-years old, they were too old for him, so then he started using them as recruiters to bring the younger girls," Fisten said.
Note: Watch a video compilation of excellent information on the Epstein case. For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein from reliable major media sources.
Caged for a murder he didn't commit, Valentino Dixon sought solace in art. He loved to draw as a child, and took up sketching again to escape the harsh realities of prison after being handed 39 years to life for the fatal shooting of a man in downtown Buffalo in 1991. Art became Dixon's salvation, and he drew for up to 10 hours a day. His reputation as an artist led the warden at the tough Attica Correctional Facility ... to ask him to draw Augusta National's famous 12th hole from a picture in Golf Digest. In 2012, he sent some of his art work to Golf Digest's editorial director Max Adler. Along with the pictures, he included details of his case. Adler was intrigued and dug deeper. Golf Channel got involved, too. Meanwhile, several appeals against his conviction had failed. But then in January 2018 three undergraduate students and their professors from Georgetown University thoroughly researched Dixon's case as part of their studies. The students re-interviewed witnesses and officials and unearthed new evidence. Another man, LaMarr Scott - already serving a life sentence for his part in an armed robbery in 1993 - confessed again to shooting Jackson, just as he had on the night it happened. Through the work of Adler, the students, his daughter Valentina ... and attorney Donald Thompson, paid for by Dixon's wife Louise - whom he married while in prison - the fresh evidence was presented to the new district attorney of Erie County, John Flynn. Dixon was exonerated on September 19, 2018.
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The world looks a little brighter from the front porch of your own home. It's a sight more than 200 formerly homeless people are waking up to each morning at the Community First! Village in Austin, Texas. And they can take their time getting used to it; residents are invited to stay for the rest of their lives. Community First! Village is built and run by the nonprofit Mobile Loaves & Fishes to lift the most chronically homeless off the streets and into a place they can call home. They live in about 100 RVs and 125 micro homes arranged on streets with names like "Peaceful Path" and "Goodness Way." Heavy machinery has broken ground on the neighboring 24 acres to add another 310 housing units. When complete, Mobile Loaves and Fishes believes it will be able to provide permanent homes for approximately 40% of the chronically homeless in Austin. The 51-acre planned village was designed to create a sense of community. The homes are "micro" on purpose, providing just enough comfort and privacy but small enough to encourage the owners to step outside. There they find front porches dotted along stone-paved paths that lead to community kitchens, laundry and wash rooms, meeting halls, playgrounds, a dog park, a barber shop, an outdoor movie theater, a medical facility and a community market. New residents might initially keep to themselves, but it is hard to resist the smell of Texas barbecue on the grill, or the sight of fresh vegetables grown on site and being sliced for the community potluck dinner.
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An 8-year-old living in a homeless shelter has won the New York State chess championship for his age bracket. “I want to be the youngest grandmaster,” Tanitoluwa Adewumi, a Nigerian refugee who goes by Tani, [said]. Tanitoluwa placed first in the New York State Scholastic Championships tournament for kindergarten through third grade — a remarkable win for anyone. “It’s unheard of for any kid, let alone one in a homeless shelter,” [said] Russell Makofsky, who oversees Manhattan's P.S. 116 chess program. Tanitoluwa hasn't had an easy life. His family left northern Nigeria in 2017 fearing attacks on Christians, The New York Times reports, and moved to New York City over a year ago where the boy learned how to play chess at school. He and his family live in a homeless shelter. School chess coach Shawn Martinez saw Tanitoluwa's potential after observing him excel in the game a few weeks after first learning it early last year. He reached out to Tanitoluwa's family about joining the school's chess program, and learned they were unable to pay costs associated with membership. Makofsky decided to waive Tanitoluwa's fees, which can easily exceed thousands with travel and chess camp admissions. Seven trophies later, the elementary school boy is one of the top players in the country for his age group. Makofsky, who set up a GoFundMe for Tanitoluwa, said the family has received offers for a car, legal services, jobs and even housing.
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Despite being the taxpayers greatest investment - more than $700 billion a year - the Department of Defense has remained an organizational black box throughout its history. Its repelled generations of official inquiries, the latest being an audit three decades in the making, mainly by scrambling its accounting into such a mess that it may never be untangled. Ahead of misappropriation, fraud, theft, overruns, contracting corruption and other abuses that are almost certainly still going on, the Pentagons first problem is its books. Its the worlds largest producer of wrong numbers. At the tail end of last year, the Department of Defense finally completed an audit. At a cost of $400 million, some 1,200 auditors charged into the jungle of military finance, but returned in defeat. They were unable to pass the Pentagon or flunk it. They could only offer no opinion, explaining the militarys empire of hundreds of acronymic accounting silos was too illogical to penetrate. Twenty-nine years ago, in 1990, Congress ordered all government agencies to begin producing audited financial statements. In 2011, [the Pentagon] finally agreed to be ready by 2017, which turned into 2018. If and when the defense review is ever completed, were likely to find ... the militarys losses and liabilities hidden in Enron-like special-purpose vehicles, assets systematically overvalued, monies Congress approved for X feloniously diverted to Program Y, contractors paid twice, parts bought twice, repairs done unnecessarily and at great expense, and so on.
Note: Read more about the Pentagon's massive accounting fraud in this article. Read a 2017 article documenting an investigation which found $21 Trillion unaccounted for in government coffers. Then read summaries of several major media articles showing the Pentagon's blatant lies and disregard for accounting. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
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