News ArticlesExcerpts of Key News Articles in Major Media
Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.
A six-year-old schoolgirl has allegedly been raped by two staff members at a prominent school in the southern Indian city of Bangalore, police say. Hundreds of parents have protested outside the school, pulling down its gates and shouting slogans. Police have registered a case, but they are yet to make any arrests. India's sluggish judicial system means it can take years for victims to get justice. New Prime Minister Narendra Modi has promised a zero tolerance approach on crimes against women, but violence and discrimination against women remain deeply entrenched in society. The girl was allegedly raped by a security guard and a gym teacher, but as there are multiple guards and gym instructors in the school, police say they are trying to identify the guilty. As news of the incident became public, hundreds of parents gathered outside the school, protesting against the alleged insensitivity of the school management. Scrutiny of sexual violence in India has grown since the 2012 gang rape and murder of a student on a Delhi bus. The brutal crime led to massive outrage in the country and forced the government to introduce tougher anti-rape laws, including the death penalty in rare cases. But the law appears to have failed to act as a deterrent. Statistics from the National Crime Records Bureau for 2013 show one rape was reported every 21 minutes.
Note: For more on this, see concise summaries of deeply revealing sexual abuse scandals news articles from reliable major media sources.
A high-ranking friend of Cyril Smith tried to warn off police investigating claims that he had been sexually abusing boys, a report reveals. A senior detective investigating the claims against Smith said a magistrate made "veiled threats" to officers. The detective's 1970 report to the Chief Constable of Lancashire said there was "prima facie" evidence of the MP's guilt. The Director of Public Prosecution later advised against prosecuting. The 14-page report by the detective superintendent ... said that Smith would have been "at the mercy of a competent counsel", but also reported that the MP's magistrate "buddy" had warned of "unfortunate repercussions for the police force and the town of Rochdale" should he be prosecuted. Smith was interviewed by the detective superintendent, who reported to former chief constable William Palfrey that "it seems impossible to excuse [Smith's] conduct". "Over a considerable period of time, while sheltering beneath a veneer of responsibility, he has used his unique position to indulge in a series of indecent episodes with young boys towards whom he had a special responsibility," he wrote. He said Smith was "most unimpressive during my interview with him". The officer said: "He had difficulty in articulating and even the stock replies he proffered could only be obtained after repeated promptings from his solicitor. "Were he ever to be placed in the witness box, he would be at the mercy of any competent counsel. Prima facie, he appears guilty of numerous offences of indecent assault." The officer reported that he interviewed the magistrate who told him in his "personal opinion" he "sincerely hoped that this matter is not prosecuted before the court".
Note: For more on this, see concise summaries of deeply revealing sexual abuse news articles from reliable major media sources.
The leaders of the five BRICS countries have signed a deal to create a new $100bn development bank and emergency reserve fund. The BRICS group is made up of Brazil, Russia, India, China and South Africa. The capital for the bank will be split equally among the five participating countries. The bank will have a headquarters in Shanghai, China and the first president for the bank will come from India. Brazil's President, Dilma Rousseff, announced the creation of the bank at a BRICS summit meeting in Fortaleza, Brazil on [July 15]. Despite their political and economic differences, the one thing these countries do agree upon is that rich countries have too much power in institutions like the World Bank and the IMF. Rousseff's comments made that feeling crystal clear - the BRICS countries, she said, have the power to introduce positive changes - ones that they think are more equal and fair. At first, the bank will start off with $50bn in initial capital. The emergency reserve fund - which was announced as a "Contingency Reserve Arrangement" - will also have $100bn, and will help developing nations avoid "short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements". The creation of the BRICS bank will almost surely create competition for both the World Bank and other similar regional funds.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
It’s a mythical number that skeptics never question. And it’s come up again and again in the national press for decades. It’s purportedly the number of victims from the infamous child sexual abuse cases of the 1980s and 1990s. Not child victims, though. The victims are said to be adults who were falsely charged and often convicted of sexual abuse, victims of a witch-hunt. Christina Hoff Sommers used the number just a few weeks ago in a Time column, referring to those cases and writing that “hundreds of innocent adults faced charges of ritual child abuse.” She was echoing a January article in Slate. The list goes back over the years. The number of accused or jailed is always impressive. But the numbers don’t add up. There’s no evidence of hundreds of cases of false convictions of child sexual abuse in this era. In my new book, The Witch-Hunt Narrative, I examine dozens of specific cases from the 1980s and early 90s that are said to be wrongful prosecutions or wrongful convictions. Looking closely at the record revealed substantial evidence of abuse and compelling reasons that jurors voted to convict. While the media publicizes sexual abuse stories about celebrities and cover-ups of abuse in the past, and repeats the mythical numbers from the witch-hunt narrative, they overlook a real number that concerns real victims - the number of children being sexually abused today.
Note: For solid evidence that rogue elements of government are involved in systematic child abuse sometimes with Satanic elements, see this excellent essay. Watch a disturbing seven-minute clip from a 1988 show of Geraldo interviewing Satanist Lt. Col. Michael Aquino and Ted Gunderson, former chief of the FBI's Los Angeles division. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
When Australia's Susie O'Neill claimed the gold medal at the 1996 Atlanta Olympics, she dedicated her victory to Scott Volkers, the swimming coach who had taken over her training two years earlier. By this time, three women who had been Volkers' students were losing belief in themselves and the swimming community. Julie Gilbert, Kylie Rogers and Simone Boyce took the stand at the royal commission into child abuse in Sydney this week to describe their mental breakdowns, eating disorders, anxiety and isolation from a swimming hierarchy that refused to believe them or failed to explore the possibility that Volkers molested them – as girls aged 12 to 18 – in the 1980s. Volkers remained on the payroll of elite Australian swimming institutions until 2010, when he was finally forced to move to Brazil, where he still works as a leading coach. Was it Australia's win-at-all-costs swimming culture that kept him in the presence of young athletes? An exasperated Andrew Boe, the lawyer representing Gilbert, Rogers and Boyce, pointed out: "This is not an examination of whether he was a good swimming coach or not." Nor is it an examination of the guilt or innocence of Volkers – against whom charges concerning these three alleged victims were dropped in 2002 – or other swimming coaches. It is an inquiry into the institutional responses to abuse. Swimming Australia's association with Volkers [ended] in 2005, when the coach's fourth accuser came forward with claims that Volkers had groped her breasts and attempted to stimulate her vagina in the late 1990s, when she was 15. The allegations were very similar to the earlier cases.
Note: For more on this, see concise summaries of deeply revealing sexual abuse scandals news articles from reliable major media sources.
In recent years there has been a jump in the percentage of young people diagnosed with Attention Deficit and Hyperactivity Disorder, commonly known as ADHD: 7.8 percent in 2003 to 9.5 percent in 2007 and to 11 percent in 2011. Angela Hanscom, a pediatric occupational therapist ... suggests [that] more children are being diagnosed with ADHD, whether or not they really have it [because of] the amount of time kids are forced to sit while they are in school. "I recently observed a fifth grade classroom as a favor to a teacher," [Hanscom explains]. "The teacher was reading a book to the children and it was towards the end of the day. Kids were tilting back their chairs back at extreme angles, others were rocking their bodies back and forth, a few were chewing on the ends of their pencils, and one child was hitting a water bottle against her forehead. This was not a special-needs classroom, but a typical classroom. We quickly learned after further testing, that most of the children in the classroom had poor core strength and balance. In fact, we tested a few other classrooms and found that when compared to children from the early 1980s, only one out of twelve children had normal strength and balance. Only one!" Many children are walking around with an underdeveloped vestibular (balance) system today - due to restricted movement. With sensory systems not quite working right, they are asked to sit and pay attention. Children naturally start fidgeting in order to get the movement their body so desperately needs.
Note: Prominent ADHD specialist Keith Connors called increasing ADHD rates "a concoction to justify the giving out of medication at unprecedented and unjustifiable levels" in a 2013 New York Times article. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.
Last week ... the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day. For several days the price, normally around $40-$50 a megawatt hour, hovered in and around zero. Prices were deflated throughout the week, largely because of the influence of one of the newest, biggest power stations in the state – rooftop solar. “Negative pricing” moves, as they are known, are not uncommon. But they are only supposed to happen at night, when most of the population is mostly asleep, [and] demand is down That's not supposed to happen at lunchtime. Daytime prices are supposed to reflect higher demand, when people are awake, office buildings are in use, factories are in production. That's when fossil fuel generators would normally be making most of their money. The influx of rooftop solar has turned this model on its head. The impact has been so profound, and wholesale prices pushed down so low, that few coal generators in Australia made a profit last year. Hardly any are making a profit this year. State-owned generators like Stanwell are specifically blaming rooftop solar. The problem for Australian consumers [comes] in the cost of delivery of [electricity] through the transmission and distribution networks, and from retail costs and taxes. This is the cost which is driving households to take up rooftop solar, in such proportions that the level of rooftop solar is forecast ... to rise sixfold over the next decade. Households are tipped to spend up to $30bn on rooftop modules. It is not clear how centralised, fossil-fuel generation can adapt. In an energy democracy, even free coal has no value.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A former cabinet minister has said there "may well have been" a political cover-up of child sex abuse in the 1980s. Lord Tebbit told the Andrew Marr Show the culture at the time was to protect "the establishment" rather than delving "too far" into such claims. His comments come after it emerged that the Home Office could not locate 114 potentially relevant files. Current MP Keith Vaz said files had been lost "on an industrial scale". The government has rejected calls for an over-arching public inquiry into the various allegations of child abuse from that era. Lord Tebbit, who served in various ministerial roles under Margaret Thatcher in the 1980s, said at the time people had an "almost unconscious" tendency to protect "the system". "And if a few things had gone wrong here and there that it was more important to protect the system than to delve too far into them," he said. "That view was wrong." Labour MP Margaret Hodge, who chairs the Public Accounts Committee, said there had been a "veil of secrecy over the establishment" for far too long. The Home Office's 2013 review found 527 potentially relevant files which it had kept, but a further 114 were missing, destroyed or "not found". Mr Vaz, chair of the Home Affairs Committee, said this represented loss of files "on an industrial scale" and it was "a huge surprise" that so much potential evidence had gone missing.
Note: The truth is gradually coming out. To learn how child sex abuse rings lead to the highest levels of government, watch this highly revealing Discovery Channel documentary.
Meditating can have an almost instant effect on reducing stress, researchers have found. They say three consecutive days of 25 minute sessions can have a dramatic effect. Researchers studied 'mindful[ness] meditation' - a technique developed in the 1970s. Inspired by ancient Buddhist meditation, mindfulness courses were developed in the late 1970s by US doctors to combat stress. The guiding principle is to live more ‘in the moment’, spending less time going over past stresses and worrying about future problems. Techniques include moving the focus of attention around the body and observing sensations that arise – the so-called ‘body scan’. A secular practice, it is said to help people recognise and overcome negative thoughts while noticing small pleasures. 'More and more people report using meditation practices for stress reduction, but we know very little about how much you need to do for stress reduction and health benefits,' said lead author J. David Creswell. For the study, Creswell and his research team had 66 healthy individuals aged 18-30 years old participate in a three-day experiment. Some participants went through a brief mindfulness meditation training program; for 25 minutes for three consecutive days, the individuals were given breathing exercises to help them monitor their breath and pay attention to their present moment experiences. The participants who received the brief mindfulness meditation training reported reduced stress perceptions to ... speech and math tasks, indicating that the mindfulness meditation fostered psychological stress resilience.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The home of an MP who compiled a dossier alleging paedophile activity within Westminster was burgled twice in suspicious circumstances around the time he took it to the authorities, his son has said. Barry Dickens said nothing was taken in what appeared to be two "very professional" intrusions into his father Geoffrey's home in 1983, leading to suspicions they may have been related to his attempt to expose alleged abuse. He said he did not know what had happened to an apparent second copy of the dossier after the Home Office admitted one which it received for investigation at the time appeared to have been destroyed. "My parents had two burglaries at the time close to it without anything being taken, which seemed a very professional job the way they were carried out," Mr Dickens – whose father died in 1995 – [said]. He said the dossier contained concerns and worries expressed to the MP about the behaviour of ''those with a high profile, in an office or high status'' and questioned its subsequent disappearance. He said his father had been motivated to take on the cause of vulnerable young people by his own difficult childhood in a succession of foster homes and that he would be pleased that the case had become public now. Backing a public inquiry, [he] added: "A lot of people came forward with facts. I think it does need doing and finishing."
Note: See powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government
Rolf Harris, then a trusted and beloved entertainer, strolls into [the] shot flanked by four youngsters [in] what is now an unsettling 20-minute long anti-child-abuse video that prosecutors planned to play for the jury at Harris’ indecent assault trial. Overnight, Harris was declared guilty of all 12 charges of indecent assault against four girls, from 1968 to 1986. The video, called 'Kids Can Say No', was developed in the mid-1980s, when he was indecently assaulting young women and girls - including one as young as seven or eight. Harris had commissioned and fronted the child protection video, with endorsement from the National Society for the Prevention of Cruelty to Children, after being inspired by similar programs in Australia. In the period when the video began to be widely shown in schools, youth clubs and health institutes in the United Kingdom, the court found he was also having sexual encounters with his daughter’s best friend. In 1986, he had sexually abused an eight-year-old girl at a community centre near her home when Harris performed ‘Two Little Boys’ for the children.
Note: For more on this, see concise summaries of deeply revealing sex abuse scandals news articles from reliable major media sources.
“Us versus them” is not a paradigm that Jacques Verduin buys into. As the founder and director of the prison program Insight-Out, he believes that prison serves a purpose for people who cannot contain themselves when they act dangerously, but he has also learned that none of us is much different from the incarcerated. Thankfully Jacques has shown that the empowerment and transformation of prisoners is a big part of what prison reform looks like, and San Quentin State Prison has become a successful social experiment that is one of the best-kept secrets around. His programs, the Insight Prison Project and Insight-Out, are teaching prisoners to transform rage and pain into a positive force in the prison community as well as their own neighborhoods. In a year-long program participants make bonds with each other that transcend age [and] racial, economic, and gang differences. It takes time, but as group members get comfortable with the concept, they practice “sitting in the fire.” As Jacques explains, “By sitting with their own primary pain—the pain that initiated them into a suppression of their feelings—and their secondary pain—the pain associated with hurting others—they find strength in the midst of their overwhelming emotions. They need a support system to share their struggle of living up to these expectations. Shame runs deep in all of us. We all need a support system to help us connect with our wounded but more authentic self. Rather than fix ourselves, which assumes something is wrong with us, let’s accept and talk about our warts. By being vulnerable we take the power out of shame. That’s where authenticity lies.”
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The lead-up to the war in Iraq in 2003 was not The Times’s finest hour. Some of the news reporting was flawed, driven by outside agendas and lacking in needed skepticism. Many Op-Ed columns promoted the idea of a war that turned out to be both unfounded and disastrous. Readers have not forgotten. In recent weeks, with Iraq in chaos, military intervention there again has been under consideration, and readers are on high alert. Given The Times’s troubled history when it comes to this subject, readers have good reason to be wary about what appears in the paper about military intervention in Iraq. Many readers have complained ... that The Times is amplifying the voices of hawkish neoconservatives and serving as a megaphone for anonymously sourced administration leaks, while failing to give voice to those who oppose intervention. The readers have a point worth considering. On the Op-Ed pages and in the news columns, there have been very few outside voices of those who opposed the war last time, or those who reject the use of force now. But the neoconservatives and interventionists are certainly being heard. A recent profile of the historian Robert Kagan, a leading proponent of the invasion of Iraq in 2003 who is once more in the news, was one focus of sharp reader criticism. The coverage has not featured the kind of in-depth attention that readers want as a counterbalance to pieces like the one on Mr. Kagan.
Note: For more on this, see concise summaries of deeply revealing media corruption news articles from reliable major media sources.
We have come to think that if something is "in our genes", it is our inevitable destiny. However, this is a gross oversimplification. We have each inherited a particular set of genes, but the outcome of that inheritance is not fixed. Our environment, diet and circumstance flood our bodies with molecules that switch the genes on or off. The result can make a huge difference to our destiny – and that of our descendants. One example of these "epigenetic" changes occurs when a bundle of carbon and hydrogen atoms known as a methyl group attaches itself to the DNA and changes the way its instructions are carried out. Methyl groups often come from what we eat. Lack of food seems to have an epigenetic effect, too. A study of Dutch women starved by the Nazis during the second world war ... found elevated levels of schizophrenia, breast cancer and heart disease. The data suggest that the alterations to which genes are turned on or off survive at least two generations: the one that suffered in the womb during the famine, and their children. They may go much further. A 2011 study published by researchers at the Salk Institute in La Jolla, California, demonstrated epigenetic mutations that lasted for at least 30 generations in plants. What you eat, what your mother ate, the age when your grandfather started smoking, the amount of pollution in your neighbourhood – these factors have all been linked to epigenetic changes that get passed down through the generations. Armed with this new insight, we can take far more control of our health – and the health of future generations.
Note: For a truly engaging and revolutionary book on this topic, read The Biology of Belief by Bruce Lipton, a top researcher in the field of cell biology. For more on this, see concise summaries of deeply revealing health news articles from reliable major media sources.
1. Lifestyle can change genes. We have each inherited a particular set of genes, but the outcome of that inheritance is not fixed. Our environment, diet and circumstance flood our bodies with molecules that switch the genes on or off. The result can make a huge difference. What you eat, what your mother ate, the age when your grandfather started smoking, the amount of pollution in your neighbourhood – these factors have all been linked to epigenetic changes that get passed down through the generations. 2. The mind can affect the body. What used to be dismissed by science as superstition or old wives' tales ... has a palpable effect on our bodies. 3. Quantum effects exist in biology. Plants, for instance, use quantum theory to harvest energy from the sun [by] using "superposition". This trick effectively searches all possible [solar energy delivery] paths [through the organism] simultaneously, and finds the quickest and thus most energy-efficient route. That means the energy reaches the plant's storage centre before it dissipates. There are also hints that smell is a quantum sense. The fact that these things happen in the warm, wet world of biological material suggests that we are missing a trick. 4. The universe is a computer (and we are the programmers). The universe ... behaves exactly like a computer [and] we, by our conscious and unconscious actions, are playing the role of that computer's programmers. 5. Human beings are nothing special. Researchers know of only a handful of genes unique to humans; it's thought that, when the count is finished and the numbers are totted up, fewer than 20 of our 20,000 genes will be exclusively human.
Note: Read the complete article for more on these and other interesting scientific breakthroughs. For more along these lines, see concise summaries of deeply revealing news articles that push the boundaries of our understanding of reality.
A former Downing Street adviser has been charged with making and possessing indecent images of children. Patrick Rock ... was involved in Government policy on filtering online child abuse images. The 63-year-old has had a glittering career as a Conservative Party adviser spanning 30 years. On Friday, he was charged with three offences of making indecent images of children and one offence of possession of 59 indecent images of children. [He] resigned shortly before his arrest in February. Mr Rock has been an influential figure behind the scenes in the Conservative Party for decades and unsuccessfully stood as an MP three times. He met David Cameron when they were fellow advisers to the then Home Secretary, Michael Howard, in the 1990s and the Prime Minister brought him into the Downing Street policy unit in 2011. Judith Reed, a senior lawyer with the Crown Prosecution Service's organised crime division, said: “We have determined that there is sufficient evidence for a realistic prospect of conviction and that a prosecution is in the public interest.” Mr Rock has been bailed to appear at Westminster Magistrates' Court on 3 July.
Note: Why is it mentioned so casually that this man was involved in setting policy on child abuse images? For more on this, see concise summaries of deeply revealing sex abuse scandals news articles from reliable major media sources.
Just how badly does the American Red Cross want to keep secret how it raised and spent over $300 million after Hurricane Sandy? The charity has hired [law firm Gibson Dunn] to fight a public request [ProPublica] filed with New York state, arguing that information about its Sandy activities is a “trade secret.” The Red Cross’ “trade secret” argument has persuaded the state to redact some material, though it’s not clear yet how much since the documents haven’t yet been released. The Red Cross releases few details about how it spends money after big disasters. That makes it difficult to figure out whether donor dollars are well spent. An attorney from [Gibson Dunn] appealed to the attorney general to block disclosure of some of the Sandy information, citing the state Freedom of Information Law’s trade secret exemption. Doug White, a nonprofit expert who directs the fundraising management program at Columbia University, said that it’s possible for nonprofits to have trade interests — the logo of a university, for example — but it’s not clear what a “trade secret” would be in the case of the Red Cross. He called the lawyer’s letter an apparent “delaying tactic.” Ben Smilowitz of the Disaster Accountability Project, a watchdog group, said, “Invoking a ‘trade secret’ exemption is not something you would expect from an organization that purports to be ‘transparent and accountable.’”
Note: For more on this, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
In 2013, Internet activist and Reddit co-founder Aaron Swartz ended his life while facing up to 35 years in prison for hacking. Swartz faced multiple charges for breaking and entering into an MIT wiring closet and downloading academic journals, including two counts of wire fraud and 11 counts of violating the Computer Fraud and Abuse Act. Swartz, who was battling the court, also battled with depression. Prosecutors dropped the charges after his death. I first met Swartz's father, Robert, last year as he explained his mission to fight for his son's memory by helping to change outdated laws. He wanted answers about why he lost his son. His son's story is now the subject of a new documentary called "The Internet's Own Boy: The story of Aaron Swartz." "He was someone who tried to understand technology and use it as a force for good," [said Robert Swartz]. "He came up with the notion of Wikipedia before Wikipedia started. It was very clear that he felt that putting academic research behind a pay wall was wrong and that it limited the diffusion of knowledge. After he was arrested ... he was worried about his phone being tapped. He couldn't go to MIT, he couldn't go to Harvard. He couldn't leave the country because they took his passport. The prosecutor was cruel and vindictive and bordered ... on sadism. They strip-searched him and they left him in solitary confinement ... with the goal of attempting to break him. This is not a system in which people are treated fairly or reasonably. They're bullied and destroyed. "
Note: What this article completely fails to mention is that Swartz's father believes it was not suicide, but that he was killed by the government, as made clear in this article in the Daily Mail. His father had been quite public about this. Why would CNN fail to mention this important fact? Could it have been an obvious message to other hackers of what might happen to them? For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The Vatican's former ambassador to the Dominican Republic has been convicted by a church tribunal of sex abuse and has been defrocked, the first such sentence handed down against a top papal representative. The Vatican said [on June 27] that Monsignor Jozef Wesolowski was found guilty by the Vatican's Congregation for the Doctrine of the Faith in recent days, and sentenced to the harshest penalty possible against a cleric: laicization, meaning he can no longer perform priestly duties or present himself as a priest. He also faces other charges by the criminal tribunal of Vatican City, since as a papal diplomat he is a citizen of the tiny city state. The Holy See recalled the Polish-born Wesolowski on Aug. 21, 2013, and relieved him of his job after the archbishop of Santo Domingo, Cardinal Nicolas de Jesus Lopez, told Pope Francis about rumors that Wesolowski had sexually abused teenage boys in the Dominican Republic. Wesolowski is the highest-ranking Vatican official to be investigated for alleged sex abuse, and his case raised questions about whether the Vatican, by removing him from Dominican jurisdiction, was protecting him and placing its own investigations ahead of that of authorities in the Caribbean nation. The case is particularly problematic for the Vatican since Wesolowski was a representative of the pope, accused of grave crimes that the Holy See has previously sought to distance itself from by blaming the worldwide sex abuse scandal on wayward priests and their bishops who failed to discipline them, not Vatican officials.
Note: For more on this, see concise summaries of deeply revealing sex abuse scandals news articles from reliable major media sources.
New York City’s budget for the 2015 fiscal year includes a new item that supporters of a fairer economy will want to celebrate: $1.2 million set aside for the development of worker-owned cooperative businesses. The spending is a small fraction of the $75 billion budget, which the City Council approved on June 26. But, according to a statement by U.S. Federation of Worker Cooperatives, it's the largest investment in the sector ever made by a city government in the United States. Cooperative businesses are both owned and operated by employees. They focus on maximizing value for all their members as well as creating fair and quality jobs. “This is a great step forward for worker cooperatives,” Melissa Hoover, executive director of the U.S. Federation of Worker Cooperatives, said in a press release. According to Hoover the co-op funding received widespread support from city council members, which “shows that they understand cooperatives can be a viable tool for economic development that creates real opportunity." Here’s how the city’s newly adopted budget describes the program: "Funding will support the creation of 234 jobs in worker cooperative businesses by coordinating education and training resources and by providing technical, legal and financial assistance. The initiative will fund a comprehensive citywide effort to reach 920 cooperative entrepreneurs, provide for the start-up of 28 new worker cooperative small businesses and assists another 20 existing cooperatives."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
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.