News ArticlesExcerpts of Key News Articles in Major Media
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Australia's financial intelligence czar Nicole Rose says she is shocked at the depth of money laundering in the economy involving organised crime, child exploitation and drug importation. "I thought coming from the Australian Criminal Intelligence Commission that I had a pretty good handle on serious and organised crime," she [said]. "I didn't appreciate the depth and breadth of involvement with private entities and banks. I didn't appreciate how many industries it does actually touch. There's a misperception that money laundering is a victimless white collar crime. It has a massive impact on everyday life whether that's child exploitation, serious and organised crime or drug importation. It all involves money laundering." A career public servant specialising in anti-terrorism strategy, Ms Rose was appointed chief executive of the Australian Transactions Reports & Analysis Centre (AUSTRAC) in November last year. Ms Rose, a former deputy head of the Australian Criminal Intelligence Commission, inherited AUSTRAC's high stakes case against the Commonwealth Bank which is fighting almost 54,000 allegations that it broke anti-money laundering and anti-terrorism financing laws. While not commenting directly on the CBA case, Ms Rose said she was confident that all Australian banks are now aware of the money laundering risk. However, Ms Rose was uncertain when the $10,000 reporting threshold on cash transactions would be extended from financial institutions to other high-risk sectors.
Note: Explore an eye-opening article by Fiona Barnett, which claims the Watergate break in's real purpose was steal a list of high level political pedophiles from both parties. As reported in this Sydney Morning Herald article, Ms. Barnett testified to Australia's Royal Commission into Institutional Responses to Child Sexual Abuse on being a victim of a high level pedophile ring. More on this is available in this article from the UK's Daily Mail.
Now and again you can find Nonn Panitvong floating facedown in rivers and lakes. Peering intently into the murky waters through his snorkeling mask, the Thai taxonomist is there to observe the behaviors of various freshwater fish species. At other times you can find him in limestone caves. With a flashlight in hand or strapped to his helmet, he scouts around for rare species of karst-dwelling geckos. He looks ... like a businessman, which is what he is: Nonn runs his familys sugar-cane mill conglomerate. Yet hes also among Thailands most intrepid naturalists. Recognized as a biodiversity hero by the Association of Southeast Asian Nations ... Nonn has been a relentless popularizer of his homelands rich biodiversity, partly through his Siamensis.org website. A comprehensive database with some 20,000 members, the site has nurtured a form of crowdsourced ecology. It allows Thai nature lovers from all walks of life to pool their knowledge about often overlooked species, from snakes to dragonflies. Via social media Nonn has been inviting lay nature lovers and trained biologists alike to act as volunteer nature-watchers for neglected areas. The members of his platforms are also keeping an eye on the spread of invasive species. We want to generate and spread knowledge, Nonn says. One of our main themes is If you dont know it, you wont love it. In the end, people will conserve only what they value and love.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The Arizona legislature passed a bill that protects anonymous political spending Thursday, less than a month after Tempe, Arizona, residents voted overwhelmingly to increase transparency on that type of spending in local elections. The battle between city and state opens a new front in the national debate over so-called “dark money” in politics; it's also the first time a state has moved to ban local governments from shining light on secret spending. This type of spending is most consequential at the local level, experts say, because since local elections are relatively cheap and receive little media coverage, ads or mailers backed by just a few thousand dollars of dark money can easily dominate a campaign. More than 90 percent of Tempe voters cast ballots for an amendment to the city’s charter requiring all groups spending more than $1,000 on local races to disclose their donors in March. In response, the Republican-controlled Arizona Legislature passed a bill last week that bans local governments from requiring non-profit groups, the most common dark money vehicles, to disclose the source of their funding. Thanks to the U.S. Supreme Court’s 2010 Citizens United decision, these groups can spend an unlimited amount of money on elections, so long as they don’t coordinate with candidates and their parties. Anonymous spending has surged. As a result, cities and states have passed their own political disclosure laws. Denver and Philadelphia, for example, have passed laws requiring disclosure of dark money.
Note: South Dakota citizens also voted for tougher ethics laws, only to have this reversed by the state's Republicans. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.
A U.S. judge on Wednesday rejected Saudi Arabia's bid to dismiss lawsuits claiming that it helped plan the Sept. 11, 2001, attacks and should pay billions of dollars in damages to victims. U.S. District Judge George Daniels in Manhattan said the plaintiffs' allegations "narrowly articulate a reasonable basis" for him to assert jurisdiction over Saudi Arabia under the Justice Against Sponsors of Terrorism Act (JASTA), a 2016 federal law. Daniels' decision covers claims by the families of those killed, roughly 25,000 people who suffered injuries, and many businesses and insurers. The judge also dismissed claims that two Saudi banks, National Commercial Bank and Al Rajhi Bank, and Saudi Binladin Group, a construction company controlled by the bin Laden family, provided funds and financial services for the attacks, saying he lacked jurisdiction. Saudi Arabia had long had broad immunity from Sept. 11 lawsuits in the United States. That changed in September 2016, when the U.S. Congress overrode President Barack Obama's veto of JASTA, allowing such cases to proceed. Obama had warned that the law could expose U.S. companies, troops and officials to lawsuits in other countries. Daniels said the plaintiffs could try to prove that Saudi Arabia was liable for the alleged activities of Fahad al Thumairy, an imam ... and Omar al Bayoumi, said to be an intelligence officer. They were accused of helping two hijackers acclimate themselves to the United States, and begin preparing for the attacks.
Note: For more along these lines, see concise summaries of deeply revealing 9/11 news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our 9/11 Information Center.
The U.S. military took more than four years to process a Freedom of Information Act request for a copy of the Guantánamo guidelines for censoring prison library material - and censored the guidelines when it processed the request. The paperwork the military released appeared to leave out three pages of the prison’s procedure for handling the Quran. The Miami Herald sought the Nov. 27, 2013, document in a Dec. 10, 2013, FOIA request. The U.S. Southern Command apparently released the document, with redactions, on March 21 but didn’t put it in the mail for five more days. It arrived at the Herald newsroom, which is next door to Southcom, on Tuesday. The Guantánamo prison is a Law of War detention site run by the Pentagon; left unclear was the U.S. military’s law enforcement or prosecution function related to the Detainee Library, which circulates books among 26 of the prison’s 41 detainees. Of those 26, only two have been convicted of war crimes. Former CIA captives at the clandestine Camp 7 prison, including those accused of plotting the 9/11 attacks, don’t have privileges at the main library but can draw from a different, secret collection. In May 2016, a U.S. Army officer in charge of detainee diversionary programs told reporters that “negative screening criteria” included military topics, extreme graphic violence, nudity, sexuality and extremism. Many of the prison’s current detainees were held by the CIA for weeks or years before their transfer to U.S. military custody.
Note: A letter titled, "Will I Die At Guantanamo Bay? After 15 Years, I Deserve Justice" was recently published by Newsweek. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the intelligence community.
Shocking hygiene failings have been discovered in some of the US’s biggest meat plants, as a new analysis reveals that as many as 15% (one in seven) of the US population suffers from foodborne illnesses annually. A joint investigation by the Bureau of Investigative Journalism (TBIJ) and the Guardian found that hygiene incidents are at numbers that experts described as “deeply worrying”. US campaigners are calling once again for the closure of a legal loophole that allows meat with salmonella to be sold in the human supply chain, and also warn about the industry’s push to speed up production in the country’s meat plants. Unpublished US- government records highlight numerous specific incidents including: Diseased poultry meat that had been condemned found in containers used to hold edible food products; Pig carcasses piling up on the factory floor after an equipment breakdown, leading to contamination with grease, blood and other filth; Meat destined for the human food chain found riddled with faecal matter and abscesses filled with pus; High-power hoses being used to clean dirty floors next to working production lines containing food products; Factory floors flooded with dirty water after drains became blocked by meat parts and other debris; Dirty chicken, soiled with faeces or having been dropped on the floor, being put back on to the production line after being rinsed with dilute chlorine.
Note: Read more on the unsafe and unethical high speed slaughterhouses on track for USDA approval. For more along these lines, see concise summaries of deeply revealing food system corruption news articles from reliable major media sources.
He can make a two-year-old who hasn’t spent a day of his life without pain sleep like a baby. He can banish 30 years of neck pain in 30 seconds. Mobilise paralysed limbs. Zap an allergy. All without laying a hand on anyone. Melbourne energy healer Charlie Goldsmith has a gift sceptics love to dismiss, but the people he’s helped begged to differ. He’s never charged any of them a cent. If it sounds like a Hollywood script, that’s because it sort of is. US TV producers gave him his own show. The Healer premiered ... late last year. He has a gift nobody can quite explain, so many distrust it. He believes what he sees, and knows: Like the studies he’s been involved in which show he “heals” 80 per cent of those he treats. The Healer is his chance to lend a credibility ... to energy healing. He believes there are plenty of others with his “gift”, they just need that talent spotted, and developed. “I work on old 80-year-olds and I’m their first experience of this stuff. And I think ‘wow you could spend your whole life on this planet and not know that humans have this ability that’s been misunderstood and probably misrepresented a lot’.” Goldsmith partnered with New York University’s Lutheran Hospital for the first study scrutinising his talent. He treated 50 people with a 76 per cent success rate of pain-related conditions with immediate “marked improvement” and 79 per cent of conditions other than pain.
Note: See this miracle worker's website at https://www.charliegoldsmith.com.
Everybody's heard of the My Lai massacre - March 16, 1968, 50 years ago today - but not many know about the man who stopped it: Hugh Thompson, an Army helicopter pilot. When he arrived, American soldiers had already killed 504 Vietnamese civilians. They were going to kill more, but they didn't - because of what Thompson did. "We started noticing these large numbers of bodies everywhere," [Thompson said]. "They were old women, old men, children, kids, babies." Then Thompson ... "saw some civilians hiding in a bunker, cowering. Saw some advancing Americans coming that way. I just figured it was time to do something, to not let these people get killed. Landed the aircraft in between the Americans and the Vietnamese, told my crew chief and gunner to cover me, got out of the aircraft, went over to the American side." What happened next was one of the most remarkable events of the entire war, and perhaps unique: Thompson told the American troops that, if they opened fire on the Vietnamese civilians in the bunker, he and his crew would open fire on them. "I thank God to this day that everybody did stay cool and nobody opened up. It was time to stop it. That was the only way the madness ... could be stopped." Back at their base he filed a complaint about the killing of civilians that he had witnessed. The Army covered it up. But eventually the journalist Seymour Hersh found out about the massacre, and his report made it worldwide news and a turning point in the war.
Note: For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
More than a billion people in the world go to sleep each night without reliable shelter. But a pair of companies working on solving that believes their model of quickly 3D-printing a one-story house could not only provide merely a roof over the head, but a genuinely great place to live. I took a walk around a demonstration house ... built by Icon, a construction firm, and New Story, a non-profit that sets up housing in the developing world. Later this year, the project will head to El Salvador to build some test homes, with the view to begin work on a community of 100 houses in 2019. "If it does work it could literally change how shelter is created," said Brett Hagler, chief executive and co-founder of New Story. Like small-scale 3D-printing, the system works by slowly adding material, layer-by-layer. In this case, that material is mortar, similar to concrete. The El Salvador project will ... aim to build 100 homes, financed by mostly Silicon Valley-based donors. The houses will not be a hand-out, however. "The families agreed to a no-interest, no-profit mortgage that they will pay over about 10 years," explained Mr Hagler. That works out at about $30 a month. According to the country's economics ministry, the average monthly wage in rural El Salvador is around $360. "That money does not come back to us," he added. "It's kept in a community fund." The fund will go on to pay for more homes in future, or maintenance on existing structures. Mr Hagler said the mortgage model will foster "respect and dignity" within the community.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In December, the Defense Department declassified two videos documenting encounters between U.S. Navy F-18 fighters and unidentified aircraft. The first video captures multiple pilots observing and discussing a strange, hovering, egg-shaped craft, apparently one of a “fleet” of such objects, according to cockpit audio. The second shows a similar incident involving an F-18 attached to the USS Nimitz carrier battle group in 2004. The videos, along with observations by pilots and radar operators, appear to provide evidence of the existence of aircraft far superior to anything possessed by the United States or its allies. Defense Department officials who analyze the relevant intelligence confirm more than a dozen such incidents off the East Coast alone since 2015. Military departments and agencies treat such incidents as isolated events rather than as part of a pattern requiring serious attention and investigation. Reports from different services and agencies remain largely ignored and unevaluated inside their respective bureaucratic stovepipes. There is no Pentagon process for synthesizing all the observations the military is making. The current approach is equivalent to having the Army conduct a submarine search without the Navy. It is also reminiscent of the counterterrorism efforts of the CIA and the FBI before Sept. 11, 2001, when each had information on the hijackers that they kept to themselves. In this instance, the truth may ultimately prove benign, but why leave it to chance?
Note: The above was written by Christopher Mellon, who served as deputy assistant secretary of defense for intelligence in the Clinton and George W. Bush administrations. For more along these lines, see concise summaries of deeply revealing UFO news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our UFO Information Center.
Next week marks the 10th anniversary of the run on Bear Stearns, the investment bank that collapsed under the weight of toxic subprime mortgages ... leading to the biggest economic crisis in nearly a century. That seems like a terrible political backdrop for the Senate to pass a bill that deregulates the banking sector. But that's exactly what's about to happen. The Economic Growth, Regulatory Relief and Consumer Protection Act, which pro-regulation groups have called the "Bank Lobbyist Act," advanced in the Senate this week. The ... Congressional Budget Office stated [that the] legislation would increase the risk of another [financial crisis] happening. The bill ... rolls back key pieces of the Dodd-Frank Act and includes giveaways to large institutions of the same size and scope as the ones that crashed the economy in 2008. The most important measure in the legislation raises the threshold for enhanced regulatory supervision by the Federal Reserve from $50 billion to $250 billion. The beneficiaries, 25 of the top 38 banks in America, could be called "stadium banks:" not big enough to count as Wall Street mega-banks, but big enough to have a sports stadium named after them. Nearly all giant foreign banks with operations in the U.S. could enjoy the same weaker rules. Why would more than one-third of the Senate Democratic caucus provide the margin of victory on [this] bill. The answer is simple: money. The top three recipients of campaign donations from commercial banks since 2017 are Democrats. This whole process reveals that bipartisanship usually arrives in Washington at the barrel of a money cannon.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.
Declining coal use has pushed UK carbon emissions to levels last consistently seen in 1890, highlighting the country’s progress in cutting greenhouse gases faster than most other developed economies. Emissions fell by 2.6 per cent in 2017, driven by a nearly one-fifth reduction in the use of coal as the energy industry shifts towards cleaner sources of electricity generation, especially wind and solar power. The data marked the fifth successive year in which the amount of carbon dioxide pumped into UK skies has fallen, and emissions are now 38 per cent below the level of 1990. “With coal quickly disappearing in the UK and other fossil fuel use mostly flat, emissions have continued their steady decline,” said Zeke Hausfather, author of the report by Carbon Brief, a climate research and news organisation, which based its findings on the latest UK government data. Britain’s success in driving down emissions contrasts with Germany, where the country’s continued dependence on coal for about 40 per cent of electricity generation has dented Chancellor Angela Merkel’s green credentials and put the country’s climate targets at risk. More than two-thirds of today’s emissions still need to be eliminated if Britain is to meet its legally binding goal to reduce CO2 output by 80 per cent below 1990 levels by 2050.
Note: In 2017, for the first time since the 1800's, Britain went a day without burning coal to generate electricity. For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.
In Canada, more than 500 doctors and residents, as well as over 150 medical students, have signed a public letter protesting their own pay raises. "We, Quebec doctors who believe in a strong public system, oppose the recent salary increases negotiated by our medical federations," the letter says. The group say they are offended that they would receive raises when nurses and patients are struggling. "These increases are all the more shocking because our nurses, clerks and other professionals face very difficult working conditions, while our patients live with the lack of access to required services because of the drastic cuts in recent years and the centralization of power in the Ministry of Health," reads the letter. Canada has a public health system which provides “universal coverage for medically necessary health care services provided on the basis of need, rather than the ability to pay,” the government’s website says. The 213 general practitioners, 184 specialists, 149 resident medical doctors and 162 medical students want the money used for their raises to be returned to the system instead. "We believe that there is a way to redistribute the resources of the Quebec health system to promote the health of the population and meet the needs of patients without pushing workers to the end," the letter says. "We, Quebec doctors, are asking that the salary increases granted to physicians be canceled and that the resources of the system be better distributed for the good of the health care workers and to provide health services."
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Ohio Attorney General Mike DeWine sued agricultural giant Monsanto on Monday, alleging the company concealed dangers posed by a toxic chemical compound it manufactured for nearly a half century. In the suit ... prosecutors argued that the company should pay for the clean-up of what it says are dozens of rivers, lakes and other water bodies contaminated with polychlorinated biphenyls, or PCBs. The company stopped manufacturing the chemical in 1977 and it was banned in 1979 by the Environmental Protection Agency. According to the suit, Monsanto produced nearly all of the PCBs - which were used in everything from lubricants to electrical equipment - in the United States between 1929 and 1977. The chemical has been linked to cancer, liver damage and other negative health effects. The suit alleges that Monsanto learned of PCBs’ toxic effects in the 1930s, yet it kept producing the compound while concealing its effects. The suit claims the company acknowledged that prolonged exposure could produce "systemic toxic effects" in an internal memo in 1937, so it undertook a "decades-long campaign of misinformation and deception."
Note: Other major lawsuits are beginning to unfold over Monsanto's lies to regulators and the public on the dangers of its products, most notably Roundup. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.
In recent years, rigorous research has been conducted on entheogens, such as ayahuasca, LSD, mescaline and psilocybin, and on the empathogen Ecstasy. The goal is to evaluate their effects on addiction, cluster headaches, depression, trauma, cancer, epilepsy, death and dying, as well as to explore their value in the study of consciousness. Psilocybin - or magic mushrooms - have been used in traditional healing rituals for thousands of years. However, for more than 40 years it has been illegal in the U.S. But recent findings are tearing down the barriers surrounding psychedelic research, as it has been clinically shown that they have the ability to ease depression and soothe anxiety in patients dealing with serious illness and impending death. Two separate studies discovered that a single, moderate-to-large dose of psilocybin was able to help alleviate profound distress among cancer patients. Researchers know “how,” but they do not know “why,” psilocybin has worked in these settings. One theory is that psilocybin interrupts the circuitry of self-absorbed thinking that is so pronounced in depressed people, making way for a mystical experience. Neuro-imaging studies ... suggest that the positive effects of psychedelic-assisted psychotherapy are explained by changes in something in the brain called “the default mode network.” It turns out that this network is hyperactive in depression. Interestingly, in both meditation and also with psilocybin this network becomes quiescent.
Note: See an article in the UK's Independent showing remarkable results from these studies. Learn more about the healing potentials of mind-altering drugs now being explored by the scientific community.
Reach for the hand of a loved one in pain and not only will your breathing and heart rate synchronize with theirs, your brain wave patterns will couple up too, according to a study published this week in the Proceedings of the National Academy of Sciences (PNAS). The study ... also found that the more empathy a comforting partner feels for a partner in pain, the more their brainwaves fall into sync. And the more those brain waves sync, the more the pain goes away. "We have developed a lot of ways to communicate in the modern world and we have fewer physical interactions," said lead author Pavel Goldstein. "This paper illustrates the power and importance of human touch." The study is the latest in a growing body of research exploring a phenomenon known as "interpersonal synchronization," in which people physiologically mirror the people they are with. It is the first to look at brain wave synchronization in the context of pain, and offers new insight into the role brain-to-brain coupling may play in touch-induced analgesia, or healing touch. Goldstein came up with the experiment after, during the delivery of his daughter, he discovered that when he held his wife's hand, it eased her pain. How exactly could coupling of brain activity with an empathetic partner kill pain? More studies are needed to find out, stressed Goldstein. But he and his co-authors offer a few possible explanations. Empathetic touch can make a person feel understood, which in turn -- according to previous studies -- could activate pain-killing reward mechanisms in the brain.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Investment in primary care results in savings in overall health care spending. This has been empirically proven in the state of Oregon. Health care spending in the United States in 2016 was $3.4 trillion, or 17.8% of GDP. By the year 2025, spending in the US is expected to reach 19.9% of GDP. What are we getting in return for spending more money on health care than any other developed nation in the world? Not much. Our health outcomes leave much to be desired. Why? Health care spending in the US generally promotes utilization of services - apart from outcomes - as opposed to effective, proactive, whole-person care. There is a better way. In 2009, the Oregon legislature established the Patient-Centered Primary Care Home (PCPCH) program. As of the writing of this article, there are over 600 clinics in Oregon with PCPCH recognition. The foundation of the PCPCH model consists of 6 Core Attributes that promote care which is: accessible, accountable, comprehensive, continuous, coordinated, and patient- and family-centered. What has been achieved since implementation of the PCPCH program in Oregon? A multi-year study from Portland State University [found] $240 million in savings in the first three years of the program. Every $1 increase in spending in primary care resulted in $13 in savings in overall spending.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In Yemen, a child under the age of five dies of preventable causes every 10 minutes. That is just one startling fact from a country that has been torn by war for nearly three years. More than 10,000 civilians have died and over 40,000 have been wounded in this war. An estimated 17 million people – 60 percent of the total population – do not have reliable access to food. Americans have so far provided more than $768 million in humanitarian aid to that country. What few Americans know, however, is that the U.S. military is making the crisis worse by helping one side in the conflict bomb innocent civilians. The millions we have spent in humanitarian aid were necessitated, in part, by a U.S. government failure. In March 2015, a coalition of Arab forces led by Saudi Arabia launched a military intervention into Yemen. The Obama administration, without consulting Congress, quickly authorized U.S. military forces to provide “logistical and intelligence support” to the Saudi coalition. U.S. military support for this intervention continues to this day. U.S. forces are coordinating, refueling and targeting with the Saudi-led coalition. We believe that since Congress has not authorized military force for this conflict, the United States should play no role in it beyond providing desperately needed humanitarian aid. That is why we are introducing a joint resolution that would force Congress to vote on the U.S. war in Yemen. If Congress does not authorize the war, our resolution would require U.S. involvement in Yemen to end.
Note: The above was written by US senators Mike Lee, Bernie Sanders, and Chris Murphy. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
Amazon won't pay any federal income taxes after topping $5.6 billion in income in 2017. The Seattle-based online retailer will end up paying out roughly $769 million in taxes for the year, but $724 million of that will be in foreign taxes. That's according to an analysis of the online behemoth's 2017 10-K form, which "provides a comprehensive overview of the company's business and financial condition," according to the Securities and Exchange Commission. Public companies are required to submit the form every year to the SEC. Without being privy to the company's tax return, no one can say exactly how CEO Jeff Bezos and Co. avoided what could have been more than $1.3 billion in federal taxes based solely on the annual financial report, but there is information to be gleaned. For example, Amazon took out a $917 million tax deduction on stock options exercised by current or former employees. Unlike wages ... the stock options don't require any cash expenditures by the company. Another ingredient in the low tax bill is likely capital expenditure depreciation ... where companies are allowed to write off the cost of some expenses - say those incurred while building a distribution center, for example - up front. [Amazon] earned a windfall from the Trump administration's U.S. Tax Cuts and Jobs Act of 2017, passed in December. Amazon readjusted estimates for taxes deferred under the old 35 percent corporate tax rate to meet the new tax law's 21 percent figure, which resulted in an estimated $789 million reduction.
Note: For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
The cumulative net worth of senators and House members jumped by one-fifth in the two years before the start of this Congress, outperforming the typical American’s improved fortunes as well as the solid performance of investment markets during that time. The total wealth of all current members was at least $2.43 billion when the 115th Congress began, 20 percent more than the collective riches of the previous Congress, a significant gain during a period when both the Dow Jones industrial average and Standard & Poor’s 500 index rose slightly less than 10 percent. Beyond that grand total, the median minimum net worth (meaning half are worth more, half less) of today’s senators and House members was $511,000 at the start of this Congress, an upward push of 16 percent over just two years – and quintuple the median net worth of an American household, which the Federal Reserve pegged at $97,300 in 2016. The financial disparity between those who try to govern and those who are governed is almost certainly even greater than that. Members of Congress are not required to make public the value of their residences and their contents, which are the principal assets of most Americans. Nor are they required to reveal their other assets and debts to the penny, or even close – instead using 11 broad categories of value ... that do a comprehensive job of obscuring what each member is precisely worth.
Note: The above article fails to mention that laws against insider trading do not apply to members of Congress. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality.
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.