News StoriesExcerpts of Key News Stories in Major Media
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The Covid-19 pandemic has been good for the wallets of the wealthy. Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. That means a new billionaire was minted about every 30 hours, on average, so far during the pandemic. The report, which draws on data compiled by Forbes, looks at the rise of inequality over the past two years. It is timed to coincide with the kickoff of the annual World Economic Forum meeting in Davos, Switzerland, a gathering of some of the wealthiest people and world leaders. Billionaires have seen their total net worth soar by $3.8 trillion, or 42%, to $12.7 trillion during the pandemic. A large part of the increase has been fueled by strong gains in the stock markets, which was aided by governments injecting money into the global economy. Much of the jump in wealth came in the first year of the pandemic. It then plateaued and has since dropped a bit. At the same time, Covid-19, growing inequality and rising food prices could push as many as 263 million people into extreme poverty this year. Billionaires in the food and agribusiness sector have seen their total wealth increase by $382 billion, or 45%, over the past two years, after adjusting for inflation. Some 62 food billionaires were created since 2020. Forty new pandemic billionaires were created in the pharmaceutical industry, which has been at the forefront of the battle against Covid-19 and the beneficiary of billions in public funding.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and income inequality from reliable major media sources.
After her longtime partner died of kidney cancer, federal agents knocked on Gail Deckman's door outside Chicago and told her she was in trouble: She had kept thousands of dollars in Social Security disability benefits that should have stopped when he died. The inspector general's office, which investigates disability fraud and tries to recoup money for the government, ultimately charged her $119,392 – nearly three times what she received in error. The inflated fees were set in motion during the Trump administration, when attorneys in charge of a little-known anti-fraud program run by the inspector general's office levied unprecedented fines against Deckman and more than 100 other beneficiaries without due process. The escalating penalties created a giant jump – at least on paper – in the amount of money the inspector general could show lawmakers it was bringing in. A Chicago woman was fined $132,000 after wrongly receiving as much as $10,618 in benefits. A Denver woman was sanctioned $168,000 after cashing as much as $14,960 in wrongly received checks. The remarkable penalties led to tumult inside the Office of Inspector General Gail Ennis, where a whistleblower was targeted for retaliation, according to a ruling this month. [Deborah] Shaw testified that she was shocked when she was directed in early 2019 to issue a penalty of $176,000 to a woman who had already written a check for $26,000 to repay the government the entire amount she had wrongly received in disability benefits.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The wage gap between chief executives and workers at some of the US companies with the lowest-paid staff grew even wider last year, with CEOs making an average of $10.6m, while the median worker received $23,968. A study of 300 top US companies released by the Institute for Policy Studies (IPS) on Tuesday found the average gap between CEO and median worker pay jumped to 670-to-1. The ratio was up from 604-to-1 in 2020. Forty-nine firms had ratios above 1,000-to-1. At more than a third of the companies surveyed, IPS found that median worker pay did not keep pace with inflation. The report ... comes amid a wave of unionization efforts among low wage workers and growing scrutiny of the huge share buyback programs many corporations have been using to inflate their share prices. US companies announced plans to buy back more than $300bn of their own shares in the first quarter of the year and Goldman Sachs has estimated that buybacks could top $1tn in 2022. Share-related remuneration makes up the largest portion of senior executive compensation and as buybacks generally boost a company's share price, they also boost executive pay. The biggest buyback firm was home improvement chain Lowe's, which spent $13bn on share repurchases. That money could have given each of its 325,000 employees a $40,000 raise. Instead, median pay at the company fell 7.6% to $22,697. IPS noted that many of the companies in its sample were also the recipients of large federal government contracts.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the corporate corruption and income inequality from reliable major media sources.
Looking Glass Factory, a company based in the Greenpoint neighborhood of Brooklyn, New York, revealed its latest consumer device: a slim, holographic picture frame that turns photos taken on iPhones into 3D displays. Looking Glass received $2.54 million of "technology development" funding from In-Q-Tel, the venture capital arm of the CIA, from April 2020 to March 2021 and a $50,000 Small Business Innovation Research award from the U.S. Air Force in November 2021 to "revolutionize 3D/virtual reality visualization." Across the various branches of the military and intelligence community, contract records show a rush to jump on holographic display technology, augmented reality, and virtual reality display systems as the latest trend. Critics argue that the technology isn't quite ready for prime time, and that the urgency to adopt it reflects the Pentagon's penchant for high-priced, high-tech contracts based on the latest fad in warfighting. Military interest in holographic imaging, in particular, has grown rapidly in recent years. Military planners in China and the U.S. have touted holographic technology to project images "to incite fear in soldiers on a battlefield." Other uses involve the creation of three-dimensional maps of villages of specific buildings and to analyze blast forensics. Palmer Luckey, who founded the technology startup Anduril Industries ... has received secretive Air Force contracts to develop next-generation artificial intelligence capabilities under the so-called Project Maven initiative.
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
Professor John Lorber ... was not jesting totally when he addressed a conference of pediatricians with a paper entitled "Is your brain really necessary?" "There's a young student at this university," says Lorber, "who has an IQ of 126, has gained a first-class honors degree in mathematics, and is socially completely normal. And yet the boy has virtually no brain." The student's physician at the university noticed that the youth had a slightly larger than normal head, and so referred him to Lorber, simply out of interest. "When we did a brain scan on him," Lorber recalls, "we saw that instead of the normal 4.5-centimeter thickness of brain tissue between the ventricles and the cortical surface, there was just a thin layer of mantle measuring a millimeter or so. His cranium is filled mainly with cerebrospinal fluid." Startling as it may seem, this case is nothing new to the medical world. A substantial proportion of patients appear to escape functional impairment in spite of grossly abnormal brain structure. Lorber concludes from these observations that "there must be a tremendous amount of redundancy or spare capacity in the brain, just as there is with kidney and liver." He also contends that "the cortex probably is responsible for a great deal less than most people imagine. For hundreds of years neurologists have assumed that all that is dear to them is performed by the cortex, but it may well be that the deep structures in the brain carry out many of the functions assumed to be the sole province of the cortex."
Note: For more along these lines, see concise summaries of deeply revealing news articles on health and the mysterious nature of reality from reliable major media sources.
Celebrity investor Mark Cuban is receiving praise on social media after he launched a new company that provides patients access to affordable medications. Cuban launched the Mark Cuban Cost Plus Drug Company (MCCPDC), a direct-to-consumer online company that offers more than 100 generic medications at discounted prices. The investor said ​​he aims to "be the low-cost provider of medications to patients." He continued: "If you don't have insurance or have a high deductible plan, you know that even the most basic medications can cost a fortune. Many people are spending crazy amounts of money each month just to stay healthy. No American should have to suffer or worse–because they can't afford basic prescription medications." The company's low costs are achieved by working directly with partners, which "allows us to only markup our costs by 15 percent," Cuban explained. Explaining the business model, Cuban cited the drug prescribed for hookworm, Albendazole, which can cost as much as $500 per course. "Our cost for Albendazole is $26.08 per course. We mark that price up by 15 percent so we can continue to run the company and invest in disrupting the pricing of as many drugs as we possibly can," he explained. "That makes the base price of the drug $30. Then we add on the actual cost, $3.00, that our pharmacy partners charge us to prepare and provide your prescription to you. "That makes the sales price on this website $33. Far, far lower than the pricing available in the marketplace."
Note: As big Pharma rakes in the huge profits, Marc Cuban has created a new company called CostPlus which brings many expensive drugs to you at a fraction of the price. Sadly, very few of the major media are reporting on this. Cuban says, "Everyone should have safe, affordable medicines with transparent prices."
The Kindness Test involved over 60,000 people from 144 different countries around the world, making it the largest public study of kindness ever carried out. You can listen to the full rundown of the results in the three-part BBC Radio 4 documentary, The Anatomy of Kindness, airing this month. The research will also soon be submitted for publication so their findings can be used to forward research in the future. Here are a few interesting findings from the test. Kinder people, or simply people who are more aware of kindness experience higher levels of life satisfaction and wellbeing. Two-thirds of participants believe the pandemic has made people kinder, perhaps by giving us a collective struggle that increased our empathy for each other. The study also found that nearly 60 percent of the people who partook in the research claimed to have received an act of kindness within the previous day. "It is a big part of human nature, to be kind – because it's such a big part of how we connect with people and how we have relationships," says Claudia Hammond, study collaborator. "It's a win-win situation, because we like receiving kindness, but we also like being kind." The overarching trend from the data is that your personality determines how kind you are to others and also how kind they are to you. People who are open to new experiences, agreeable, like talking to strangers, or are extraverted all reported higher levels of kindness in their lives.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
San Francisco and Sioux Falls might seem to share little beyond an abbreviation, but the cities wrestle with a common problem: homelessness. Now the two regions are set to test a new approach to controlling homelessness by targeting the link between housing instability and incarceration. The Just Home Project, devised and funded by the MacArthur Foundation, and coordinated by the Urban Institute, will provide resources and technical assistance to four jurisdictions across the U.S. that struggle with different variations on the jail-to-homelessness cycle: South Carolina's Charleston County, Oklahoma's Tulsa County, South Dakota's Minnehaha County, and the city and county of San Francisco. The broader goal is to get counties to address the specific barriers that recently incarcerated individuals face when trying to access existing housing. "Homelessness, housing insecurity and participation in the criminal justice system are just simply deeply intertwined, in part because of the criminalization of homelessness itself," said Kelly Walsh, a principal policy associate at the Urban Institute's Justice Policy Center. Laurie Garduque, the director of criminal justice at the MacArthur Foundation, stresses that the initiative is designed specifically to support the jail population. Garduque hopes that learning from these local projects could help secure national-level solutions. "We think that if the barriers to housing can be addressed, the footprint of the criminal justice system will shrink," she said.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
American hospitals have been living with serious drug shortages for more than a decade. Most days, nearly 300 essential drugs can be in short supply. It's not a matter of supply and demand. The drugs are needed and the ingredients are easy to make. Pharmaceutical companies have stopped producing many life-saving generic drugs because they make too little profit. Yet, year after year, the government stays on the sidelines as companies take drug production offline - and doctors worry the shortages are compromising patient care. Neonatologist Dr. Mitch Goldstein treats the most vulnerable patients. Many ... premature and sick babies have undeveloped digestive systems, so Dr. Goldstein keeps them alive with intravenous nutrients, many of which are in short supply. Antony Gobin heads the pharmacy at Loma Linda Hospital. He told us shortages of basic drugs are a constant worry. "We were dealing with shortages long before COVID," [he said]. "They're all very old, fundamental drugs that every hospital in the country needs and uses." Drug shortages can kill. In 2011, when norepinephrine, an old, low profit drug used to treat septic shock, was in short supply, hundreds of people around the country died. Middlemen, the group purchasing organizations and drug distributors take their cut. The drug manufacturers end up with just a small fraction of what the patient pays. Many have simply stopped making the least profitable drugs.
Note: For more, see this article. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and health from reliable major media sources.
The evidence suggests that broad mask mandates have not done much to reduce Covid caseloads over the past two years. Today, mask rules may do even less than in the past, given the contagiousness of current versions of the virus. From the beginning of the pandemic, there has been a paradox involving masks. As Dr. Shira Doron, an epidemiologist at Tufts Medical Center, puts it, "It is simultaneously true that masks work and mask mandates do not work." To start with the first half of the paradox: Masks reduce the spread of the Covid virus by preventing virus particles from traveling from one person's nose or mouth into the air and infecting another person. You would think that communities where mask-wearing has been more common would have had many fewer Covid infections. But that hasn't been the case. In U.S. cities where mask use has been more common, Covid has spread at a similar rate as in mask-resistant cities. Mask mandates in schools also seem to have done little to reduce the spread. Hong Kong, despite almost universal mask-wearing, recently endured one of the world's worst Covid outbreaks. Because masks work and mandates often don't, people can make their own decisions. Anybody who wants to wear a snug, high-quality mask can do so and will be less likely to contract Covid. That approach – one-way masking – is consistent with what hospitals have long done. Patients, including those sick with infectious diseases, typically have not worn masks, but doctors and nurses have.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Did Omicron spread less in the parts of the U.S. where social distancing and masking were more common? The answer is surprisingly unclear. Nationwide, the number of official Covid cases has recently been somewhat higher in heavily Democratic areas than Republican areas, according to The Times's data. That comparison doesn't fully answer the question, though, because Democratic areas were also conducting more tests, and the percentage of positive tests tended to be somewhat higher in Republican areas. No single statistic offers a definitive answer. Over the past three months, the death rate in counties that Donald Trump won in a landslide has been more than twice as high as the rate in counties that Joe Biden won in a landslide. Interventions other than vaccination – like masking and distancing – are less powerful than we might wish. Although masks reduce the chances of transmission in any individual encounter, Omicron is so contagious that it can overwhelm the individual effect. There is a strong argument for continuing to remove other restrictions, and returning to normal life, now that Omicron caseloads have fallen 95 percent from their peak. If those restrictions were costless, then their small benefits might still be worth it. But of course they do have costs. Masks hamper people's ability to communicate, verbally and otherwise. Social distancing leads to the isolation and disruption that have fed so many problems over the past two years – mental health troubles ... and more.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Microplastic pollution has been discovered lodged deep in the lungs of living people for the first time. The particles were found in almost all the samples analysed. The scientists said microplastic pollution was now ubiquitous across the planet, making human exposure unavoidable and meaning "there is an increasing concern regarding the hazards" to health. Samples were taken from tissue removed from 13 patients undergoing surgery and microplastics were found in 11 cases. The most common particles were polypropylene, used in plastic packaging and pipes, and PET, used in bottles. Two previous studies had found microplastics at similarly high rates in lung tissue taken during autopsies. People were already known to breathe in the tiny particles, as well as consuming them via food and water. Workers exposed to high levels of microplastics are also known to have developed disease. Microplastics were detected in human blood for the first time in March, showing the particles can travel around the body and may lodge in organs. The impact on health is as yet unknown. But researchers are concerned as microplastics cause damage to human cells in the laboratory and air pollution particles are already known to enter the body and cause millions of early deaths a year. The research, which has been accepted for publication by the journal Science of the Total Environment, used samples of healthy lung tissue.
Note: For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
Over the past two years, as the Federal Reserve fought to rescue the economy from the clutches of the coronavirus, the central bank's emergency remedies increased the nation's money supply by an astonishing 40 percent That was almost four times as much new money as had been created during the two years that preceded the pandemic. To some Fed critics, [that] explains why the United States is experiencing its highest inflation since 1982. All that money chasing after limited supplies of goods such as cars, computers and furniture is inevitably bidding up prices, they say. The Fed agreed with that view the last time the United States had a serious inflation problem. In 1979, then-Fed Chair Paul Volcker clapped a lid on the money supply and drove inflation from a peak of 14.8 percent to 2.5 percent three years later, at the cost of two punishing recessions. But the current Fed chair, Jerome H. Powell, has dismissed claims that the Fed's money-printing is fueling today's price spiral. Like his most recent predecessors, dating to Alan Greenspan, Powell says that financial innovations mean there no longer is a link between the amount of money circulating in the economy and rising prices. The Fed's broadest measure of the money supply, called M2, is more than $21.6 trillion today, up from $15.5 trillion in February 2020.
Note: For more along these lines, see concise summaries of deeply revealing news articles on banking corruption from reliable major media sources.
President Joe Biden and Saudi Arabia's de facto ruler, crown prince Mohammed bin Salman, could meet for the first time as soon as next month, multiple sources told CNN. A meeting would ... represent a turnabout for a US president who once declared Saudi Arabia a "pariah" with "no redeeming social value." Saudi Arabia currently holds the presidency of the Gulf Cooperation Council, so any engagement between Biden and bin Salman, known as MBS, would likely coincide with a meeting of the GCC in Riyadh, the sources noted. A meeting between American and Saudi leaders would have once been considered routine, but now marks a significant shift due to the recent strain in the relationship. It would also likely spark some controversy at home for Biden, who has been highly critical of the Saudis' record on human rights, its war in Yemen, and the role its government played in the murder of the journalist Jamal Khashoggi. Biden repeatedly criticized his predecessor, Donald Trump, for his cozy relationships with the world's strongmen and dictators – including MBS of Saudi.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The Justice Department is updating its use of force policy for the first time in 18 years, saying explicitly that federal officers and agents must step in if they see other officers using excessive force. The policy takes effect on July 19. The new policy is outlined in a memo Attorney General Merrick Garland sent to senior Justice leaders. The rules apply to all agencies under the Justice Department, including the FBI, DEA, ATF and U.S. Marshals Service. "It is the policy of the Department of Justice to value and preserve human life," the policy begins. It later adds, "Officers may use force only when no reasonably effective, safe, and feasible alternative appears to exist and may use only the level of force that a reasonable officer on the scene would use under the same or similar circumstances." The policy's first portion deals with deadly force, barring tactics such as firing guns to disable cars. But the next section calls for de-escalation training, and the next two spell out situations in which officers have an "affirmative duty" – to prevent or stop other officers from using excessive force, and to render or call for medical aid when it's needed. Law enforcement officers should be able to recognize and act on "the affirmative duty to intervene to prevent or stop, as appropriate, any officer from engaging in excessive force or any other use of force that violates the Constitution, other federal laws, or Department policies on the reasonable use of force," the policy states.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
The offices of the Carlyle Group are on Pennsylvania Avenue in Washington DC, midway between the White House and the Capitol building. The address reflects Carlyle's position at the very centre of the Washington establishment. For 14 years now, with almost no publicity, the company has been signing up an impressive list of former politicians - including the first President Bush and his secretary of state, James Baker; John Major; one-time World Bank treasurer Afsaneh Masheyekhi and several south-east Asian powerbrokers - and using their contacts and influence to promote the group. But since the start of the "war on terrorism", the firm - unofficially valued at $3.5bn - has ... become the thread which indirectly links American military policy in Afghanistan to the personal financial fortunes of its celebrity employees, not least the current president's father. Among the firm's multi-million-dollar investors were members of the family of Osama bin Laden. "It should be a deep cause for concern that a closely held company like Carlyle can simultaneously have directors and advisers that are doing business and making money and also advising the president of the United States," says Peter Eisner, managing director of the Center for Public Integrity. "The problem comes when private business and public policy blend together. What hat is former president Bush wearing when he tells Crown Prince Abdullah not to worry about US policy in the Middle East?"
Note: Watch a 45-minute video on this subject titled Exposed: The Carlyle Group. For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The underwater world at Laughing Bird Caye National Park off the coast of Belize looked nothing like the vibrant and colourful place that had thrived with life before Hurricane Iris swept across it in 2001. [Lisa] Carne immediately wanted to start replenishing the reefs by planting corals, but it took many years to convince any funders that her idea was viable. People argued, and still do, that without solving the problems that cause corals to die, putting them back on the reef made no sense. Carne began pitching her restoration ideas in 2002, but for several years had no luck. Then in 2006, the US listed Caribbean acroporid corals (the fastest growing type of branching coral in the Caribbean, and the main reef-building one) as endangered, and a local funder approved Carne's proposal to restore the reef. Carne began with transplanting 19 elkhorn coral fragments from the main barrier reef around 19 miles (31km) away in a trial. Because the initial 2006 transplants' survival was high (more than 80% still alive today) she continued to identify surviving corals and started reseeding the reefs with them in 2010. In 2009, Illiana Baums, professor of molecular ecology at Penn State University, advised on the appropriate distance to plant different individuals of each coral species apart to encourage spawning. So far over 85,000 corals have been planted in the Laughing Bird Caye National Park. Long-term monitoring shows 89% survived after 14 years – much higher than typical survivorship after restoration.
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Don't you remember having an imaginary friend? That friend was not imaginary–you were talking to Spirit," said Patricia Bell. Bell, seventy years old with sinewy arms, aqua eyes, and straw-colored hair, is the director of Children's Week at the Lily Dale Assembly, a hamlet in upstate New York that serves as the headquarters of Spiritualism, an American religion based on communication with the dead. Approximately twenty-two thousand pilgrims pass through Lily Dale's guarded gate each summer. In July, when many American children go to soccer camp, or horse-riding camp, or coding camp, the Spiritualists of Lily Dale welcome kids for a week of animal communication, dream interpretation, body tapping, qigong, and contact with deceased ancestors. Founded in 2003, Bell's camp is the only Spiritualist camp in the nation dedicated to teaching young mediums and psychics. Bell ... believes that the otherworldly abilities she's nurturing in herself as well as the children aren't rare gifts, but innate skills, as reflexive as breastfeeding. These skills are typically educated out of people as they age. She formed the camp to let kids exercise their craft and to make it less daunting for them to talk to those on the "spirit plane." Kylie ... has been coming to camp for nine years. "They teach us how to focus," she said. "We go into our heart and take a few breaths, and, like, you talk to God for a few seconds and say thank you. My hands start tingling a lot and that's when I know where the pain of the other person is."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
What if someone told you that you could dramatically reduce the crime rate without resorting to coercive policing or incarceration? it sounds too good to be true. But it's been borne out by the research of Chris Blattman, Margaret Sheridan, Julian Jamison, and Sebastian Chaskel. Their new study provides experimental evidence that offering at-risk men a few weeks of behavioral therapy plus a bit of cash reduces the future risk of crime and violence, even 10 years after the intervention. Sustainable Transformation of Youth in Liberia ... offered men who were at high risk for violent crime eight weeks of cognitive behavioral therapy. [Economist Chris] Blattman wanted to formally study just how effective this kind of program could be. He decided to run a big randomized controlled trial with 999 of the most dangerous men in Monrovia, recruited on the street. The 999 Liberian men were split into four groups. Some received CBT, while others got $200 in cash. Another group got the CBT plus the cash, and finally, there was a control group that got neither. A year after the intervention, the positive effects on those who got therapy alone had faded a bit, but those who got therapy plus cash were still showing huge impacts: crime and violence were down about 50 percent. 10 years later ... crime and violence were still down by about 50 percent in the therapy-plus-cash group. Blattman estimates that there were 338 fewer crimes per participant over 10 years. [The program] cost just $530 per participant. That works out to $1.50 per crime avoided.
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The Social Media Exploitation, or SOMEX, team ... had been set up to help the FBI find informants and intelligence using information gleaned from social sites. The Intercept and Chicago-based transparency groups obtained more than 800 pages of emails and other documents about the team through public records requests. These show that the team's officers were given broad leeway to investigate people across platforms including Facebook, Twitter, Instagram, and Snapchat, using fake social media accounts furnished by the FBI, in violation of some platforms' policies. The week that followed George Floyd's murder by a white police officer was an intense moment in Chicago's – and U.S. – history. Thousands of people took to the city's streets to peacefully demonstrate against police violence. Despite ample warning, the Office of Inspector General report found, Chicago's police were unprepared. When they did react, their response was chaotic and excessively violent, with officers variously hiding their badge numbers, turning off their body cameras, blasting people with pepper spray at close range ... and telling an arrestee that they would be raped in jail. The SOMEX team's reaction was also troubling. The team's mission was to provide both the FBI and the CPD with useful intelligence. What the SOMEX officers did instead: flag potential damage of police cars, investigate the social media connections of people who had made threats online, and cull videos for the department's YouTube channel.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.