News StoriesExcerpts of Key News Stories in Major Media
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In December of 2002, Sharyl Attkisson, an Emmy-winning investigative reporter for CBS News, had an unsettling interview with smallpox expert Jonathan Tucker. In a post-9/11 world, with fears of terrorists using a long-eradicated disease like smallpox as a bioweapon, the US was preparing to bring back the smallpox inoculation program. But to Tucker, the very idea was "agonizing," writes Attkisson. Why? Because it involved "weighing the risk of a possible terrorist use of smallpox ... against the known risks of the vaccine," Tucker told the author. "A â€toxic' vaccine?" She writes. "Didn't the smallpox vaccine save the world?" But as she soon discovered, it had serious side effects, including a surprisingly high possibility of death. Attkisson witnessed firsthand how deadly the vaccine could be in April of 2003, when a colleague at NBC, journalist David Bloom, died from deep vein thrombosis while on assignment in Iraq. He'd also recently been vaccinated for smallpox, and ... thrombosis was a possible side effect of the inoculation. The majority of scientific studies are funded and even dictated by drug companies. "Studies that could stand to truly solve our most consequential health problems aren't done if they don't ultimately advance a profitable pill or injection," Attkisson writes. "These aren't necessarily drugs designed to make us well, but ones we'll â€need' for life," writes Attkisson. Some [drug companies] hire "ghostwriters" to author studies promoting a new drug, exaggerating benefits and downplaying risks, and then paying a doctor or medical expert to sign their name to it. "We exist largely in an artificial reality brought to you by the makers of the latest pill or injection," she writes. "It's a reality where invisible forces work daily to hype fears about certain illnesses, and exaggerate the supposed benefits of treatments and cures."
Note: Top leaders in the field of medicine and science have spoken out about the rampant corruption and conflicts of interest in those industries. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.
[Don] Poldermans was a prolific medical researcher at Erasmus Medical Center in the Netherlands, where he analyzed the standards of care for cardiac events after surgery, publishing a series of definitive studies from 1999 until the early 2010s. One crucial question he studied: Should you give patients a beta blocker, which lowers blood pressure, before certain surgeries? Poldermans's research said yes. European medical guidelines (and to a lesser extent US guidelines) recommended it accordingly. The problem? Poldermans's data was reportedly fake. A 2012 inquiry by Erasmus Medical School, his employer, into allegations of misconduct found that he "used patient data without written permission, used fictitious data and ... submitted to conferences [reports] which included knowingly unreliable data." Poldermans admitted the allegations and apologized. After the revelations, a new meta-analysis was published in 2014, evaluating whether to use beta blockers before non-cardiac surgery. It found that a course of beta blockers made it 27 percent more likely that someone would die within 30 days of their surgery. Millions of surgeries were conducted across the US and Europe during the years from 2009 to 2013 when those misguided guidelines were in place. One provocative analysis ... estimated that there were 800,000 deaths compared to if the best practices had been established five years sooner.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in science and in Big Pharma from reliable major media sources.
Although seemingly noble, the billions pumped into the US government's National Science Foundation don't always translate into finding cures for debilitating diseases, or developing groundbreaking technologies. In recent years, although technology and peer-review techniques have become more widespread, fraud has remained a consistent issue. As [J.B.] Carlisle analyzed dozens of government-funded control trials, he found a staggering 44% contained false data. These findings are swept under the rug by most mainstream news outlets. There are several ways the government introduces bias into research. For one, the state often ignores certain scientific queries, forcing researchers to adopt different hypotheses or study different questions to gain any funding. Without any market forces guiding research and development, study objectives start aligning more with the interests of bureaucrats and less with the interests of patients. Government agencies also don't want to fund proposals that contradict the agency's political ideas. If the research's outcome even slightly threatens the government's power, funding is likely to be cut off, often for extended periods. These outcomes are clearest when it comes to funding regarding the social sciences and economics. 34% percent of scientists receiving federal funding have acknowledged engaging in research misconduct to align research with their funder's political and economic agenda.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the scientific community from reliable major media sources.
We humans, by nature, are curious and rebellious; we strive to know more, and we often bristle when we're told what we can and cannot do–especially when it concerns our right to knowledge. This very blend of curiosity and defiance is what often leads to a fascinating and ironic psychological phenomenon: the "Streisand effect." In 2003, the California Coastal Records Project shared a photo online as part of an effort to document coastal erosion along the Florida coastline. However, the photo also happened to capture the Malibu mansion of the famous singer and actress Barbra Streisand. Streisand sued ... seeking a whopping $50 million in damages. However, Streisand's lawsuit only served to make the issue she was facing exponentially worse. Before taking legal action, the photo of her residence had been downloaded only six times. But once news of the lawsuit broke, the photo became an internet sensation; it was downloaded over 420,000 times in the span of a month. In 2010, WikiLeaks released a trove of classified U.S. diplomatic cables, which exposed majorly sensitive information about international relations. In response, several governments–including the United States–attempted to block access to the WikiLeaks website. These efforts backfired spectacularly; the more governments tried to suppress the information, the more people were determined to access and share it. The documents spread like wildfire across the internet.
Note: For more along these lines, see concise summaries of deeply revealing news articles on censorship from reliable major media sources.
Rapper and activist Chuck D appeared at the White House earlier this summer, announcing that he was joining forces with YouTube and Antony Blinken's State Department to become one of Washington's "global music ambassadors." Throughout the Cold War, the United States ... spent vast sums sending famous artists such as Nina Simone, Louis Armstrong, Dizzy Gillespie and Ella Fitzgerald overseas. The CIA deliberately chose to front the campaign with black musicians, helping to soften America's image and promote a (false) message of racial harmony. Despite the official end of the Cold War, the United States has never stopped using music and musicians to foment unrest and spark regime change. The partnership between YouTube and the State Department will see the platform push pro-U.S. music and messaging across the world. This is far from YouTube's only connection to the U.S. national security state. Its parent company, Google, is essentially a creation of the CIA. Both the CIA and the NSA bankrolled the Ph.D. research of Google founder Sergey Brin, and senior CIA officials oversaw the evolution of Google during its pre-launch phase. As late as 2005, the CIA was still a major shareholder in Google. These shares resulted from Google's acquisition of Keyhole, Inc., a CIA-backed surveillance firm whose software eventually became Google Earth – the civilian offshoot of a spying software the U.S. government uses.
Note: Learn more about the CIA's longstanding propaganda network in our comprehensive Military-Intelligence Corruption Information Center. For more, see concise summaries of deeply revealing news articles on intelligence agency corruption and media manipulation from reliable sources.
Big tech companies have spent vast sums of money honing algorithms that gather their users' data and scour it for patterns. One result has been a boom in precision-targeted online advertisements. Another is a practice some experts call "algorithmic personalized pricing," which uses artificial intelligence to tailor prices to individual consumers. The Federal Trade Commission uses a more Orwellian term for this: "surveillance pricing." In July the FTC sent information-seeking orders to eight companies that "have publicly touted their use of AI and machine learning to engage in data-driven targeting," says the agency's chief technologist Stephanie Nguyen. Consumer surveillance extends beyond online shopping. "Companies are investing in infrastructure to monitor customers in real time in brick-and-mortar stores," [Nguyen] says. Some price tags, for example, have become digitized, designed to be updated automatically in response to factors such as expiration dates and customer demand. Retail giant Walmart–which is not being probed by the FTC–says its new digital price tags can be remotely updated within minutes. When personalized pricing is applied to home mortgages, lower-income people tend to pay more–and algorithms can sometimes make things even worse by hiking up interest rates based on an inadvertently discriminatory automated estimate of a borrower's risk rating.
Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and corporate corruption from reliable major media sources.
Erik Prince has been many things in his 54 years on Earth: the wealthy heir to an auto supply company; a Navy SEAL; the founder of the mercenary firm Blackwater, which conducted a notorious 2007 massacre in the middle of Baghdad. Last November, Prince started a podcast called "Off Leash," which in its promotional copy says he "brings a unique and invaluable perspective to today's increasingly volatile world." On an episode last Tuesday, [he said] that the U.S. should "put the imperial hat back on" and take over and directly run huge swaths of the globe. Here's are Prince's exact words: "If so many of these countries around the world are incapable of governing themselves, it's time for us to just put the imperial hat back on, to say, we're going to govern those countries ... 'cause enough is enough, we're done being invaded. You can say that about pretty much all of Africa, they're incapable of governing themselves." Prince's co-host Mark Serrano then warned him that listeners might hear his words and believe he means them: "People on the left are going to watch this," said Serrano, "and they're going to say, wait a minute, Erik Prince is talking about being a colonialist again." Prince responded: "Absolutely, yes." He then added that he thought this was a great concept not just for Africa but also for Latin America. Previous bouts of the European flavor of colonialism led to the deaths of tens of millions of people around the world.
Note: Erik Prince's Blackwater served as a "virtual extension of the CIA." Learn more about how war is a tool for hidden agendas in our comprehensive Military-Intelligence Corruption Information Center.
On the sidelines of the International Institute for Strategic Studies' annual Shangri-La Dialogue in June, US Indo-Pacific Command chief Navy Admiral Samuel Paparo colorfully described the US military's contingency plan for a Chinese invasion of Taiwan as flooding the narrow Taiwan Strait between the two countries with swarms of thousands upon thousands of drones, by land, sea, and air, to delay a Chinese attack enough for the US and its allies to muster additional military assets. "I want to turn the Taiwan Strait into an unmanned hellscape using a number of classified capabilities," Paparo said, "so that I can make their lives utterly miserable for a month, which buys me the time for the rest of everything." China has a lot of drones and can make a lot more drones quickly, creating a likely advantage during a protracted conflict. This stands in contrast to American and Taiwanese forces, who do not have large inventories of drones. The Pentagon's "hellscape" plan proposes that the US military make up for this growing gap by producing and deploying what amounts to a massive screen of autonomous drone swarms designed to confound enemy aircraft, provide guidance and targeting to allied missiles, knock out surface warships and landing craft, and generally create enough chaos to blunt (if not fully halt) a Chinese push across the Taiwan Strait. Planning a "hellscape" of hundreds of thousands of drones is one thing, but actually making it a reality is another.
Note: Learn more about warfare technology in our comprehensive Military-Intelligence Corruption Information Center. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
Since religious riots tore across the central Nigerian city of Jos two decades ago, its Muslim and Christian residents have largely kept apart. They have their own neighborhoods. They vote for different political parties. But the cost-of-living crisis that has swept Nigeria over the past year has blurred some of those boundaries. "If there is hunger in the land, the hunger that the Christian is feeling is not different from the hunger the Muslim is feeling," observes Tony Young Godswill, national secretary of the Initiative for a Better and Brighter Nigeria, a pro-democracy group. When nationwide anti-government protests broke out in early August, hungry, angry Jos residents from all backgrounds poured into the streets. When Muslim demonstrators knelt to pray on a busy road one Friday afternoon, hundreds of Christian marchers spontaneously formed a tight, protective circle around them. Nigeria's protests began in response to the soaring costs of food and transport over the past year and a half, which have more than doubled in some cases. Protesters blame the economic stabilization policies of President Bola Tinubu, which have included removing a heavy subsidy on petrol and devaluing the naira, Nigeria's currency. In Abuja, the capital, Ibrahim Abdullahi was among those who marched. As a Muslim, he says he previously thought it was inappropriate for him to protest against a fellow Muslim like Mr. Tinubu. Now, he held a placard that read "We regret Tinubu."
Note: Explore more positive stories like this about healing social division.
Abba Gana was only 10 years old when Boko Haram insurgents attacked his village in northern Nigeria in 2014. Along with the other boys his age, he was kidnapped. By the time he was 15, Mr. Gana had joined the ranks of the group's fighters, carrying out raids like the one on his own village. "Growing up with them, I thought I was fighting for a greater cause," he says of his time with the group, whose goal is to create a fundamentalist Islamic state. In 2022, he heard a government radio program urging Boko Haram members to surrender. "They said ... that we are welcome back [to our communities] if we repent," he recalls. For the first time, Mr. Gana says, he allowed himself to imagine that he might be able to go home. Today, some 160,000 former fighters and their families have been "reintegrated" into Nigerian society, according to estimates by the United Nations Office on Drugs and Crime (UNODC). The experiences of former child soldiers ... point to how complex those efforts can be. Many have struggled to find a place for themselves. But their supporters say it isn't impossible. "Kindness always pays," says Bulama Maina Audu, whose nephew was abducted by Boko Haram in 2014, and who now works with a group helping former child soldiers return home. "The fears and concerns of the communities they are returning to are completely legitimate, but they can only be addressed through dialogue," says Oliver Stolpe, UNODC country representative for Nigeria.
Note: Explore more positive stories like this about healing the war machine.
"I can do things by myself more instead of having my dad or my mom do them," says Deven Doutis. Deven's teacher, Amy Wolfe, sensed students were entering higher grades with more needs than in past years. Some couldn't open a water bottle, for instance, or navigate minor conflicts with their peers. So when Ms. Wolfe heard about a program called Let Grow, she decided to pilot it within select classrooms. The program's premise is simple: When children gain independence, they grow into more confident and capable people. In a commentary piece published by The Journal of Pediatrics last year, researchers pointed to evidence showing a correlation between children's dwindling independence and increasing mental health problems over several decades. "We are not suggesting that a decline in opportunities for independent activity is the sole cause of the decline in young people's mental well-being over decades, only that it is a cause, possibly a major cause," the authors wrote. In Ms. Wolfe's classroom each month, students chose an independent activity, loosely tied to a theme, and completed it by themselves. Then they reported back to their classmates and teacher about the experience. There were no grades or critiques. If Ms. Wolfe asked any probing questions, it was to suss out how her students felt after, say, baking a cake or pulling weeds. Her hope is that their newfound confidence carries into the academic realm.
Note: Explore more positive stories like this about reimagining education.
State House Republicans defended former colleague, presidential candidate and U.S. Rep. Tulsi Gabbard in a letter sent Sunday to the Transportation Security Administration demanding she be removed from the federal government's terrorist watch list. The letter, sent to David P. Pekoske, TSA's director in Washington, D.C., noted that one of their "former Hawaii State House colleagues, one of Hawaii's â€favorite daughters', former Congresswoman, former Presidential Candidate, and combat veteran is on your TSA terrorist watch list." "We understand that you are harassing her with your Air Marshals from flight to flight. We strongly urge you to immediately withdraw her name from the Quiet Skies program and/or provide full public transparency of the TSA's reasons for maligning her name and reputation," read the letter. Gabbard ... said that her inclusion on the watch list "is clearly an act of political retaliation." "It's no accident that I was placed on the Quiet Skies list the day after I did a prime-time interview warning the American people about ... why Kamala Harris would be bad for our country if elected as President and Commander in Chief. What hurts me the most is the fact that like so many Americans I enlisted because of the terrorist attack on 9/11, deployed to war zones to go after those terrorists, still serve in the US Army for over 21 years, and now my government is surveilling me as a potential domestic terrorist," Gabbard said. "The real pain this has caused is the stress of forever looking over my shoulder, wondering if and how I am being watched, what secret terror watch list I'm on, and having no transparency or due process."
Note: Why is the government targeting individuals who are simply exercising their First Amendment rights? For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
Some renters may savor the convenience of "smart home" technologies like keyless entry and internet-connected doorbell cameras. But tech companies are increasingly selling these solutions to landlords for a more nefarious purpose: spying on tenants in order to evict them or raise their rent. Teman, a tech company that makes surveillance systems for apartment buildings ... proposes a solution to a frustration for many New York City landlords, who have tenants living in older apartments that are protected by a myriad of rent control and stabilization laws. The company's email suggests a workaround: "3 Simple Steps to Re-Regulate a Unit." First, use one of Teman's automated products to catch a tenant breaking a law or violating their lease, such as by having unapproved subletters or loud parties. Then, "vacate" them and merge their former apartment with one next door or above or below, creating a "new" unit that's not eligible for rent protections. "Combine a $950/mo studio and $1400/mo one-bedroom into a $4200/mo DEREGULATED two-bedroom," the email enticed. Teman's surveillance systems can even "help you identify which units are most-likely open to moving out (or being evicted!)." Two affordable New York City developments made headlines when tenants successfully organized to stop their respective owners' plans to install facial recognition systems: Atlantic Towers in Brooklyn and Knickerbocker Village in the Lower East Side.
Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and corporate corruption from reliable major media sources.
US Immigration and Customs Enforcement (ICE) may have lost track of thousands of children who immigrated to the country as unaccompanied minors, imperiling both the children's safety and the effectiveness of the immigration process, an internal watchdog report found. Between 2019 and 2023, more than 32,000 unaccompanied minors failed to show up for their immigration court hearings, and ICE was "not able to account" for all of their locations, according to a report from the ICE inspector general's office. During that period, more than 448,000 unaccompanied children overall immigrated to the US and were transferred from ICE custody to the Department of Health and Human Services (HHS), the agency responsible for placing them with a sponsor or in foster care. Once they were handed off to HHS for settlement, ICE couldn't determine all of these children's locations, and more than 291,000 of the kids were not placed into removal proceedings because ICE had never served them notices to appear or scheduled a court date for them. "Without an ability to monitor the location and status of [unaccompanied migrant children], ICE has no assurance [they] are safe from trafficking, exploitation, or forced labor," Inspector General Joseph Cuffari wrote in the report. ICE agreed with some of the report's recommendations to incorporate more automated tracking mechanisms, but argued the watchdog had "misunderstandings about the process."
Note: Watch our Mindful News Brief video on how the US government facilitates child trafficking at the border. For more along these lines, see concise summaries of deeply revealing news articles on immigration corruption and sexual abuse scandals from reliable major media sources.
In 2015, my career with the U.S. Immigration and Customs Enforcement (ICE) agency led me to step forward as a whistleblower, exposing a grave issue–the placement of unaccompanied migrant children with inadequately vetted sponsors. Since 2012, Homeland Security officials have released over 730,000 children they encountered to Health and Human Services (HHS) for placement with sponsors. This year alone, according to U.S. Customs and Border Protection data, nearly 95,000 unaccompanied migrant children have been encountered at the border. Each of these numbers represents a vulnerable life. The crux of the issue lies in our inadequate vetting processes for sponsors. Despite my whistleblowing efforts in 2015 that briefly led to policy changes, we've regressed. Children continue to be placed with potentially dangerous sponsors, exposing them to risks of trafficking, abuse, and neglect. This is not a partisan issue; it's a moral imperative that transcends political affiliations. Despite the gravity of this crisis, it's important to note that Congress is not meaningfully acting on the problem. Senator Chuck Grassley ... revealed that the HHS had placed children with sponsors connected to MS-13, a notorious international criminal gang, and even with individuals suspected of involvement in human trafficking rings. The trafficking of minors across our borders has become a dark and lucrative business, and our failure to adequately safeguard these children makes us complicit.
Note: This article was written by former U.S. Army Captain Jason Piccolo. Watch our Mindful News Brief video on how the US government facilitates child trafficking at the border. For more along these lines, see concise summaries of deeply revealing news articles on immigration corruption and sexual abuse scandals from reliable major media sources.
Days after the French government arrested Pavel Durov, CEO of the encrypted messaging app Telegram, for failing to monitor and restrict communications as demanded by officials in Paris, Meta CEO Mark Zuckerberg confirmed that his company, which owns Facebook, was subjected to censorship pressures by U.S. officials. Durov's arrest, then, stands as ... part of a concerted effort by governments, including those of nominally free countries, to control speech. Durov's alleged crime is offering encrypted communications services to everybody, including those who engage in illegality or just anger the powers that be. If bad people occasionally use encrypted apps such as Telegram, they use phones and postal services, too. The qualities that make communications systems useful to those battling authoritarianism are also helpful to those with less benign intentions. There's no way to offer security to one group without offering it to everybody. Given that Telegram was founded by a free speech champion who fled his home country after refusing to monitor and censor speech for the authorities, it's very easy to suspect that Pavel Durov has run afoul of authoritarians operating under a different flag. The Twitter Files and the Facebook Files revealed serious pressure brought to bear by the U.S. government on social media companies to stifle dissenting views and inconvenient (to the political class) news stories.
Note: For more along these lines, see concise summaries of deeply revealing news articles on censorship and government corruption from reliable major media sources.
Meta CEO Mark Zuckerberg told the House Judiciary Committee that his company's moderators faced significant pressure from the federal government to censor content on Facebook and Instagram–and that he regretted caving to it. In a letter to Rep. Jim Jordan (R–Ohio), the committee's chairman, Zuckerberg explained that the pressure also applied to "humor and satire" and that in the future, Meta would not blindly obey the bureaucrats. The letter refers specifically to the widespread suppression of contrarian viewpoints relating to COVID-19. Email exchanges between Facebook moderators and CDC officials reveal that the government took a heavy hand in suppressing content. Health officials did not merely vet posts for accuracy but also made pseudo-scientific determinations about whether certain opinions could cause social "harm" by undermining the effort to encourage all Americans to get vaccinated. But COVID-19 content was not the only kind of speech the government went after. Zuckerberg also explains that the FBI warned him about Russian attempts to sow chaos on social media by releasing a fake story about the Biden family just before the 2020 election. This warning motivated Facebook to take action against the New York Post's Hunter Biden laptop story when it was published in October 2020. In his letter, Zuckerberg states that this was a mistake and that moving forward, Facebook will never again demote stories pending approval from fact-checkers.
Note: For more along these lines, see concise summaries of deeply revealing news articles on censorship and government corruption from reliable major media sources.
In almost every country on Earth, the digital infrastructure upon which the modern economy was built is owned and controlled by a small handful of monopolies, based largely in Silicon Valley. This system is looking more and more like neo-feudalism. Just as the feudal lords of medieval Europe owned all of the land ... the US Big Tech monopolies of the 21st century act as corporate feudal lords, controlling all of the digital land upon which the digital economy is based. A monopolist in the 20th century would have loved to control a country's supply of, say, refrigerators. But the Big Tech monopolists of the 21st century go a step further and control all of the digital infrastructure needed to buy those fridges – from the internet itself to the software, cloud hosting, apps, payment systems, and even the delivery service. These corporate neo-feudal lords don't just dominate a single market or a few related ones; they control the marketplace. They can create and destroy entire markets. Their monopolistic control extends well beyond just one country, to almost the entire world. If a competitor does manage to create a product, US Big Tech monopolies can make it disappear. Imagine you are an entrepreneur. You develop a product, make a website, and offer to sell it online. But then you search for it on Google, and it does not show up. Instead, Google promotes another, similar product in the search results. This is not a hypothetical; this already happens.
Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech from reliable major media sources.
The 43,000 tons of radioactive waste and soil came from a top-secret initiative: The Manhattan Project, which built the atomic bombs America dropped on Japan in 1945. In 1973, that waste ended up in an unlined landfill in Bridgeton, Missouri, a St. Louis suburb. Workers spread it to cover trash and construction debris. In 1990, the U.S. Environmental Protection Agency declared the West Lake Landfill one of the nation's most contaminated sites requiring cleanup. [In 2012], residents mobilized, spotlighting stories of children dying from cancer. And they pressed waste-management giant Republic Services, the dump's owner, to remove the radioactive waste. In refuting neighbors' complaints, Republic tapped an unlikely ally that U.S. corporations have leaned on for decades: a federal health agency set up to protect people from environmental hazards just like the West Lake dump. A 2015 report by that small bureaucracy, the Agency for Toxic Substances and Disease Registry (ATSDR) ... declared that the landfill posed no health risk to the community. Deborah Mitchell grew up ... less than a mile from the dump. She lost both parents to cancer and battled the disease herself. Dozens of neighbors have similar stories. Three cancer researchers told Reuters the number of cases in the neighborhood is worrisome. "You just feel like you're being gaslighted by your own government," Mitchell said of the ATSDR's role.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and toxic chemicals from reliable major media sources.
While you may be feeling the pain from high prices at restaurants and supermarkets, many companies making and selling the products are doing remarkably well. Most have seen their profits jump as they continue raising prices on customers. Some companies say they have no choice but to pass inflationary pain on to consumers. Others, however, acknowledge they are exploiting the inflationary atmosphere to raise prices, or to shrink product sizes. Meanwhile, companies spent billions rewarding investors with stock buybacks. Menu and grocery store prices may remain elevated. In earnings calls, executives detail plans to maintain high prices even as some costs are falling. The companies' net profits are up by a median of 51% since just prior to the pandemic, and in one case as much as 950%. The average American worker has not fared as well: wages are only up 5% since inflation's peak. For the lowest earners, food price increases during the last two years are outpacing wage gains by over 340%. Kroger's CEO told investors in June 2022, "a little bit of inflation is always good for our business", while Hostess's CEO said rising prices across the economy "helps" it profit because they can raise prices to levels that exceed their increased costs. Food prices have increased more than most other industries, federal data shows. While prices in the economy overall have risen by around 16% since mid-2022, families are now paying 19% more for food.
Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and income inequality 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.