News StoriesExcerpts of Key News Stories in Major Media
Note: This comprehensive list of news stories is usually updated once a week. 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.
The US is far behind other industrialized nations on environmental performance and now ranks 24th in the world, according to a new analysis by Yale and Columbia universities. Denmark came in first place, followed by Luxembourg and Switzerland. The United Kingdom ranked fourth. The findings come as the Trump administration has continued to weaken environmental protections in a quest to relax rules on industry and expand fossil fuel development which threatens to put the country even further behind its peers. The index ranks 180 countries on 32 performance indicators across 11 categories covering environmental health and ecosystem vitality. The US is near the back of the pack for developed nations. China, which is plagued by poor air quality, has made investments that have helped it climb to 120th place, ahead of India’s 168th-place ranking. The US ranked 15th on climate. It is currently the second-biggest contributor to the climate crisis, after China. Over time, it has put more heat-trapping gases into the atmosphere than any other nation. But Trump has consistently questioned climate science and the severity of the problem. He has vowed to leave an international agreement to curb emissions, which the US joined under President Barack Obama. Other countries have also seen major changes in governance but are nonetheless doing well on climate. In particular, the US scored poorly on protecting water resources and managing its waste.
Note: For more along these lines, see concise summaries of deeply revealing news articles on climate change from reliable major media sources.
The New York Times Guild, the union of employees of the paper of record, tweeted a condemnation on Sunday of one of their own colleagues, op-ed columnist Bret Stephens. What angered the union today was an op-ed by Stephens on Friday which voiced numerous criticisms of the Pulitzer Prize-winning “1619 Project,” published last year by the New York Times Magazine. One of the Project’s principal arguments was expressed by a now-silently-deleted sentence that introduced it: “that the country’s true birth date” is not 1776, as has long been widely believed, but rather late 1619, when, the article claims, the first African slaves arrived on U.S. soil.” The 1619 Project has become a major controversy. In his Friday column, Stephens addressed the controversy by first noting the Project’s positive contributions and accomplishments, then reviewed in detail the critiques of historians and other scholars of its central claims, and then sided with its critics by arguing that “for all of its virtues, ... the 1619 Project has failed.” But his colleagues in the New York Times Guild evidently do not believe that he had any right to express his views on these debates. In a barely-literate tweet that not once but twice misspelled the word “its” as “it’s” — not a trivial level of ignorance for writers with the world’s most influential newspaper — the union denounced Stephens and the paper itself on these grounds: "It says a lot about an organization when it breaks it's own rules and goes after one of it's own. The act, like the article, reeks."
Note: For more along these lines, see concise summaries of deeply revealing news articles on media corruption from reliable sources.
The Survival Condo in Kansas—the most lavish and sophisticated private bunker in the world—was once a Cold War U.S. government missile silo. Built in the early 1960s at a cost of approximately $15 million to the U.S. taxpayer, it was one of 72 "hardened" missile silo structures built to protect a nuclear-tipped intercontinental ballistic missile (ICBM) 100 times more powerful than the bomb dropped on Nagasaki, Japan. Larry Hall wasn't the first to reuse one of these Cold War relics. But his is arguably the most gobsmacking. Hall bought the 197-foot-deep silo for $300,000 in 2008, and transformed it into a 15-story luxury bolt-hole, where a community of up to 75 individuals can weather a maximum of five years during a doomsday event. When the event passes, residents expect to be able to re-emerge into the post-apocalyptic world to rebuild. It's not that difficult to imagine living underground in an environment that can sustain life, technically. What's rather more of a challenge is to create a psychologically and socially tolerable environment. Hall, however, thought he had worked out a solution. The key to well-being underground, he told me, could be about creating an illusion of "normal," aboveground, pre-event life. "So," Larry said, "we will have people baking bread and making coffee, people can advertise their yoga class on the café blackboard and we're going to stack this deli case full of three different species of tilapia that are grown in the aquaponics facility next door."
Note: For more along these lines, see concise summaries of deeply revealing news articles from reliable major media sources.
The New Leaf project is a joint study started in 2018 by Foundations for Social Change, a Vancouver-based charitable organization, and the University of British Columbia. After giving homeless Lower Mainland residents cash payments of $7,500, researchers checked on them over a year to see how they were faring. All 115 participants, ranging in age between 19 and 64, had been homeless for at least six months. Of those, 50 people were chosen at random to be given the cash, while the others formed a control group that did not receive any money. "I had no expectations and really high hopes," said Claire Williams, CEO of Foundations for Social Change. What researchers found after 12 months, she said, was "beautifully surprising." Not only did those who received the money spend fewer days homeless than those in the control group, they had also moved into stable housing after an average of three months. On average, cash recipients spent 52 per cent of their money on food and rent, 15 per cent on other items such as medications and bills, and 16 per cent on clothes and transportation. In comparison, spending on alcohol, cigarettes and drugs went down, on average, by 39 per cent. [Williams] said it costs, on average, $55,000 annually for social and health services for one homeless individual. According to study data, the project saved the shelter system approximately $8,100 per person for a total of roughly $405,000 over one year for all 50.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A song from South Africa that has gone around the world and been endorsed by presidents and priests has become the sound of the pandemic for millions across southern Africa. Last week the Jerusalema dance challenge was endorsed by President Cyril Ramaphosa. The simple dance routine to the 2019 hit Jerusalema by Master KG and Nomcebo Zikode has provided an uplifting soundtrack for difficult times. In February, as lockdowns began to seem like a possibility, it was a group of friends in Angola who shot a video dancing to the song that sparked the global trend. In the video, over lunch, a group of young men holding plates of food start to demonstrate the dance routine to their female counterparts who then join in. It was followed by another video from Portugal, setting the tone for how international the #JerusalemaDanceChallenge would prove to be. “It is a dance that was done by people from Angola, then Portugal followed and it just went viral from that point,” Master KG said. Clips of dancers across the globe now include nuns, construction workers, police officers, waiters and fuel attendants. Emotional videos of healthcare workers in South Africa, Zimbabwe, Italy, the Democratic Republic of the Congo, the US, Australia and Puerto Rico have become an uplifting source of hope for patients fighting Covid-19. Not to be outdone are newly married couples who have used the dance to celebrate their love while the sight of Catholic priests dancing to Jerusalema raised eyebrows among spectators.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Finland has deployed coronavirus-sniffing dogs at the Nordic country’s main international airport in a four-month trial of an alternative testing method that could become a cost-friendly and quick way to identify infected travelers. Four dogs of different breeds trained by Finland’s Smell Detection Association started working Wednesday at the Helsinki Airport as part of the government-financed trial. “It’s a very promising method,” Anna Hielm-Bjorkman, a University of Helsinki ... said. “If it works, it will be a good (coronavirus) screening method at any other places,” she said, listing hospitals, ports, elderly people’s homes, sports venues and cultural events among the possible locations where trained dogs could put their snouts to work. Finland is the second country after the United Arab Emirates - and the first in Europe - to assign dogs to sniff out the coronavirus. Passengers who agree to take a free test under the voluntary program in Helsinki do not have direct physical contact with a dog. They are asked to swipe their skin with a wipe which is then put into a jar and given to a dog waiting in a separate booth. The participating animals - ET, Kossi, Miina and Valo - previously underwent training to detect cancer, diabetes or other diseases. It takes the dog a mere 10 seconds to sniff the virus samples before it gives the test result by scratching a paw, laying down, barking or otherwise making its conclusion known. The process should be completed within one minute, according to Hielm-Bjorkman.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The Trump administration has compared Operation Warp Speed's crash program to develop a COVID-19 vaccine to the Manhattan Project. And like the notoriously secretive government project to make the first atomic bomb, the details of Operation Warp Speed's work may take a long time to unravel. One reason is that Operation Warp Speed is issuing billions of dollars' worth of coronavirus vaccine contracts to companies through a nongovernment intermediary, bypassing the regulatory oversight and transparency of traditional federal contracting mechanisms, NPR has learned. Instead of entering into contracts directly with vaccine makers, more than $6 billion in Operation Warp Speed funding has been routed through a defense contract management firm called Advanced Technologies International, Inc. ATI then awarded contracts to companies working on COVID-19 vaccines. As a result, the contracts between the pharmaceutical companies and ATI may not be available through public records requests, and additional documents are exempt from public disclosure for five years. [Robin] Feldman, of UC Hastings, says the administration's comparison of Operation Warp Speed to the Manhattan Project is troubling. "I think that's completely the wrong image," she says. "The right analogy, I think, for Operation Warp Speed is the penicillin effort in World War II. We can do a lot of good together, but we have to make sure pharma companies aren't taking advantage of the crisis."
Note: Read an excellent article showing how most of these contracts are linked to the CIA and DHS and more. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.
At least 50 journalists in the US have been arrested during Black Lives Matter demonstrations across the US, while dozens of others have also been injured by rubber bullets, pepper spray and tear gas. The US Press Freedom Tracker has collected nearly 500 incidents from 382 reports, from the unrest in Minneapolis in the wake of George Floyd‘s killing by police in late May, to demonstrations in more than 70 cities across 35 states since. At least 46 journalists were arrested between the end of May and the beginning of June. Dozens of others reported injuries from law enforcement, firing “less lethal” projectiles, tear gas canisters and other weapons into crowds or directly at reporters during demonstrations, even when they had identified themselves and shown credentials. Two reporters have suffered permanent eye injuries. The latest reports mark a significant spike since the end of May, when nationwide protests started, at which point the organisation had recorded only five arrests and 26 attacks for the entire year. But by the end of the month, the number of attacks had increased nearly five times. “The conversations and reckoning that lie ahead of us as a country are taking shape right now,” Press Freedom Tracker managing editor Kristin McCudden said. “What’s happened in 70 cities in more than 30 states across the nation in one month is unlike anything we’ve seen in modern history and surpasses the Tracker’s entire ... history of documentation.”
Note: Read more about the violent attacks on members of the media by police this year. For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the erosion of civil liberties from reliable major media sources.
The United States is poised to continue spending more money on the Pentagon than the next 10 countries combined, with some 1 million troops deployed in about 175 countries. In other words, there's no end in sight for our forever wars. Monday marks the 19th anniversary of the vote to pass the post-9/11 Authorization for Use of Military Force, or AUMF, a blank check to deploy U.S. military personnel anywhere in the world in the name of going after terrorists. Our country's response to that attack has had unintended and tragic consequences: war profiteering by military contractors, traumatic impact to our soldiers, and massive numbers of refugees and civilian casualties around the world. Under the auspices of two laws that are now nearly 20 years old, the 2001 and 2002 AUMFs, the United States is militarily engaged in 80 countries, outside of the public eye and with little congressional oversight. The past four years have seen the Trump administration cite these laws as the legal justification to assassinate a foreign government official and take us to the brink of war with Iran, expand the U.S. military footprint in the African continent and indefinitely occupy eastern Syria. Yet the past four years have also seen a growing recognition in Congress that ... we must repeal these laws and reclaim the legislative branch's sole constitutional authority to declare war. For far too long, Congress has relied on the executive branch to tell us what does and does not constitute war.
Note: The above was written by Congresswoman Barbara Lee, who represents California's 13th Congressional District. For more along these lines, see concise summaries of deeply revealing news articles on war from reliable major media sources.
The Office of the Director of National Intelligence has informed the House and Senate Select Committees on Intelligence that it'll no longer be briefing in-person on election security issues, according to letters obtained by CNN. Instead, ODNI will primarily provide written updates to the congressional panels, a senior administration official said. The abrupt announcement is a change that runs counter to the pledge of transparency and regular briefings on election threats by the intelligence community. It also comes after the top intelligence official on election security issued a statement earlier this month saying China, Russia and Iran are seeking to interfere in the 2020 US election. US officials charged with protecting the 2020 election also said last week that they have "no information or intelligence" foreign countries, including Russia, are attempting to undermine any part of the mail-in voting process, contradicting President Donald Trump, who has repeatedly pushed false claims that foreign adversaries are targeting mail ballots as part of a "rigged" presidential race. Senate Intelligence Vice Chairman Mark Warner called the decision to stop in-person briefings an "unprecedented attempt to politicize an issue - protecting our democracy from foreign intervention - that should be non-partisan. Congress and the American public need to know more information about the election interference threat — not less," the Virginia Democrat said.
Note: For more along these lines, see concise summaries of deeply revealing news articles on elections corruption from reliable major media sources.
Texas Gov. Greg Abbott, a Republican, ordered counties to stop accepting hand-delivered absentee ballots at more than one location, issuing a proclamation that could make it harder for residents to vote early. The proclamation, which goes into effect Friday, modifies part of Abbott's July 27 order that added six days of early absentee voting in the state in response to the Covid-19 pandemic. Fellow Republicans in Texas are challenging the additional early voting days in court. Abbott said he issued the new order to ensure the security of the ballots, which President Donald Trump has questioned as Americans have embraced early and absentee voting in response to the pandemic. Texas has 254 counties, the largest of which is rural Brewster, which covers 6,193 square miles. Harris County, which includes much of the sprawling city of Houston, has a population of more than 4.7 million people. The county is home to 25 percent of the state's Black residents and 18 percent of its Hispanic population. Before Abbott's proclamation, the county had created 11 ballot drop-off locations. Houston Mayor Sylvester Turner ... criticized the decision. "Growing up, I was bused over 20 miles as a student in the first integrated class at Klein High School," he said. "Because of the Governor's decision today, I would now have to go even farther to drop off an absentee ballot and make sure my vote is counted."
Note: A federal judge has blocked Abbot's order. For more along these lines, see concise summaries of deeply revealing news articles on elections corruption from reliable major media sources.
Rep. Katie Porter (D-Calif.) got out her marker and scrawled a figure on the whiteboard beside her: $13 million. “Do you know what this number is?” she asked Mark Alles, the former CEO of the pharmaceutical company Celgene, as he testified remotely before the House Oversight Committee on Wednesday. “Does it ring any bells?” Alles could hardly get his answer out before Porter scribbled more math on the board. That multimillion figure — his total compensation in 2017 — was already 200 times the average income in the United States, the congresswoman pointed out. It got even larger, she said, after Celgene needlessly tripled the cost of a cancer medication, thus securing himself hefty bonuses in return. As of early Thursday, the rapid-fire interrogation had been viewed more than 15 million times on Twitter — the latest in a long list of her viral cross-examinations. These stunning exchanges at congressional hearings have themselves gained plenty of attention beyond Capitol Hill — especially when Porter pulls out what one person on Twitter dubbed “her mighty whiteboard of truth.” It is this kind of clear, insistent inquiry that has made Porter — a consumer protection lawyer ... who studied bankruptcy law under Sen. Elizabeth Warren (D-Mass.) — so effective at grilling everyone from Mark Zuckerberg to little-known Trump appointees, all with a dry-erase marker and some simple math. “No one has ever wielded a weapon as terrifying as Katie Porter’s whiteboard,” wrote Molly Wood, a public radio journalist.
Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.
Facebook has suspended the accounts of several environmental organizations less than a week after launching an initiative it said would counter a tide of misinformation over climate science on the platform. Groups such as Greenpeace USA, Climate Hawks Vote and Rainforest Action Network were among those blocked from posting or sending messages on Facebook over the weekend. Activists say hundreds of other individual accounts linked to indigenous, climate and social justice groups were also suspended. The suspended people and groups were all involved in a Facebook event from May last year that targeted KKR & Co, a US investment firm that is backing the Coastal GasLink pipeline, a 670km-long gas development being built in northern British Columbia, Canada. The suspensions, the day before another online action aimed at KKR & Co, has enraged activists who oppose the pipeline for its climate impact and for cutting through the land of the Wetʼsuwetʼen, a First Nations people. “Videos of extreme violence, alt-right views and calls for violence by militias in Kenosha, Wisconsin, are allowed to persist on Facebook,” said Delee Nikal, a Wet’suwet’en community member. “Yet we are banned.” Many of the accounts have now been restored, but a handful are still blocked. The suspensions came just a few days after the social media giant said it was launching a “climate science information center” to counter ... posts that reject the established science of the climate crisis.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable major media sources.
A soldier wears a skullcap that stimulates his brain to make him learn skills faster, or reads his thoughts as a way to control a drone. Another is plugged into a Tron-like “active cyber defense system,” in which she mentally teams up with computer systems “to successfully multitask during complex military missions.” The Pentagon is already researching these seemingly sci-fi concepts. The basics of brain-machine interfaces are being developed—just watch the videos of patients moving prosthetic limbs with their minds. The Defense Department is examining newly scientific tools, like genetic engineering, brain chemistry, and shrinking robotics, for even more dramatic enhancements. But the real trick may not be granting superpowers, but rather making sure those effects are temporary. Last year, three Canadian defense researchers published a paper that explored the intersection of human enhancement and ethics. They found that the permanence of the enhancement could have impacts on troops in the field ... as well as a return to civilian life. They also note that “many soldier resilience human enhancement technologies raised health and safety questions.” The Canadian researchers wrote: “Are there unknown side effects or long term effects that could lead to unanticipated health problems during deployment or after discharge? Moreover, is it ethical to force a soldier to use the technology in question, or should he/she be allowed to consent to its use? Can consent be fully free from coercion in the military?”
Note: Read an excellent article detailing the risks of biosensors implanted under the skin which have already been developed. Some smaller than a grain of rice can be injected with a needle. Watch a slick video promoting this brave new world. Learn how this is already planned for use on soldiers. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
Air pollution in London has plunged since Sadiq Khan became mayor, with a 94% reduction in the number of people living in areas with illegal levels of nitrogen dioxide. The number of schools in such areas has fallen by 97%, from 455 in 2016 to 14 in 2019. Experts described the reductions as dramatic and said they showed the air pollution crisis was not intractable. More than 9,000 people in the capital were dying early each year due to dirty air in 2015. The report from the mayor of London, reviewed by scientists, shows that more than 2 million people in the capital lived with polluted air in 2016, but this fell to 119,000 in 2019. The report, which does not include the further falls in pollution seen after the Covid-19 lockdown began in March, shows levels of nitrogen dioxide (NO2) by roads in central London fell by 44% between early 2017 and early 2020. The pollution cuts have been achieved by charges that have deterred dirty vehicles from entering the city centre and have driven up the use of cleaner vehicles. Putting low-emission buses on the dirtiest routes, ending the licensing of new diesel taxis and extending the amount of protected space for cycling have also contributed. Prof Stephen Holgate, a special adviser on air quality to the Royal College of Physicians, said: “Air pollution is a scourge on society. What the mayor of London has shown in his first term is that major reductions in toxic pollutants can be achieved and that businesses and the public are willing to make the necessary changes to deliver this.”
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Prescription drug prices in the U.S. are expensive. One vial of insulin can cost as much as $450, while the same amount goes for about $30 in Canada. Now, California could make its own generic insulin - and other prescription drugs - through a new law passed this week that aims to increase access to affordable medications. California governor Gavin Newsom signed legislation this week that allows the California Health and Human Services Agency to partner with drug manufacturers in order to make or distribute generic prescription drugs. The bill builds on a plan Newsom first announced in January to increase generic drug manufacturing, which would lower prescription drug costs through a state-sponsored prescription drug label called Cal Rx. Cal Rx wouldn’t be developing new drugs ... just attempting to make cheaper versions of generic drugs, or drugs that aren’t currently covered by a patent. The bill does not specify what prescription drugs the state’s health agency would create or distribute through such partnerships - officials are in the process of identifying potential medications - but it does require a partnership for “at least one form of insulin, provided that a viable pathway for manufacturing a more affordable form of insulin exists at a price that results in savings.” Current U.S. laws allow pharmaceutical manufacturers to set their own prices, which isn’t common practice in other countries. In England ... a government agency negotiates directly with pharmaceutical companies.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In a cavernous room filled with garbage, a giant mechanical claw reaches down and grabs five tons of trash. As a technician in a control room maneuvers the spiderlike crane, the claw drops its moldering harvest down a 10-story shaft into a boiler that is hotter than 1,500 degrees Fahrenheit. The process continues 24 hours a day to help fuel this power plant run by Tekniska Verken, a municipal government company in Linköping, a city 125 miles south of Stockholm. It is one of Sweden's 34 "waste-to-energy" power plants. Instead of burning coal or gas, this power plant burns trash. Sweden is known for strikingly reducing the trash sent to its landfills. Less than 1 percent of household waste in this Scandinavian country finds it way to landfills, according to Avfall Sverige, the Swedish Waste Management and Recycling association. Trash accounts for a small portion of Sweden's overall power supply; hydro and nuclear energy generate about 83 percent of Sweden's electricity, and wind generates another 7 percent. But garbage supplies much of the heat during cold months for the country's nearly 10 million residents. Energy from trash equals the heating demand of 1.25 million apartments and electricity for 680,000 homes, according to Avfall Sverige. Along with heat and electricity, Tekniska Verken produces methane biogas from 100,000 tons of food and organic waste each year. This biogas runs more than 200 city buses in the county, as well as fleets of garbage collection trucks, and some taxis and private cars.
Note: Why aren't other countries racing to embrace this amazing technology which remediates the huge trash problem? Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Protesters mobilizing across the country against racism and excessive force by police have been countered by law enforcement officers more heavily armed than ever. Three federal programs have allowed local and state law enforcement to arm itself with military equipment. Since 1997, the Defense Department has transferred excess or unused equipment to state and local law enforcement agencies. Departments have acquired more than $7 billion worth of guns, helicopters, armored vehicles and ammunition under the program. The transfers were limited under the Obama administration but re-expanded under President Donald Trump in 2017. Now Congress is considering reining it in again. But that effort, if successful, is unlikely to touch an even bigger source of advanced weapons accessible to civilian police. Two Department of Homeland Security initiatives established in the wake of the September 11 terrorist attacks have given state and local law enforcement agencies billions more to buy equipment without the rules and restrictions of the Defense Department program. Because of the Defense Department program, authorized by Section 1033 of the National Defense Authorization Act, more than 6,500 law enforcement agencies across the country currently possess more than $1.8 billion worth of equipment. Since 2003, states and metro areas have received $24.3 billion from two DHS grant programs, which have little oversight: The State Homeland Security Program (SHSP) and the Urban Areas Security Initiative (UASI).
Note: Read also this wired.com article revealing how the 1033 program has shipped over $7.4 billion of Defense Department property to more than 8,000 law enforcement agencies and this NPR article detailing the military weaponry gifted to police around the US. For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
In his 1961 farewell address, President Dwight Eisenhower cautioned the United States against "unwarranted influence" — what he saw as an alarming alignment of corporate interests with military operations, a relationship he famously called: "the military-industrial complex." Col. Lawrence Wilkerson ... spent over 30 years in the U.S. Army [and] was chief of staff for former Secretary of State, General Colin Powell. He believes that Eisenhower was right, and is a fierce critic of the military-industrial complex. Or what he calls "the warfare state," an obvious play on "welfare state." He believes military spending ... is ruining America. "Today we have become what Eisenhower's worst nightmare predicted in his farewell address," says Wilkerson. Col. Wilkerson has seen firsthand how military expenditures create a devastating feedback loop with politics. "The country marches on to yet another war, another trillion dollar fiasco, another bloodbath for young men and women who are signed up because they were bribed to do so," says Col. Wilkerson. He says "bribed" unapologetically, as the U.S. military relies disproportionately on personnel from have-not states to fill its ranks. The expenditures, however, don't benefit the troops. "The divorce rate: off the charts in the services now. Suicide rate: off the charts in the services now. More post-traumatic stress then you'd ever imagine," Col. Wilkerson explains. "We are almost $22 trillion in debt right now. We've not been this far in debt since the last year of World War Two."
Note: Read a two-page summary of General Smedley Butler's important book, titled "War is a Racket". For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
The world’s wealthiest individuals have become even richer during the coronavirus pandemic as the prices of financial assets have been supported by widespread policy intervention while employment and wages, well, not so much. The Institute for Policy Studies, a liberal think tank in Washington, chronicles just how bifurcated the road the recovery from an economy slump is likely to be. At the upper end of the spectrum, the combined wealth of all U.S. billionaires increased by $821 billion or 28% between March 18, 2020 and September 10, 2020, from approximately $2.947 trillion to $3.768 trillion. That means they own the equivalent of nearly 20% of U.S. gross domestic product. The richest five billionaires, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett, and Elon Musk, saw a 59% increase in their total wealth, from $358 billion to $569 billion. One University of Chicago study found that, between the start of February and the end of June, the lowest-income group had the highest job loss rate while the highest-income workers had the [lowest] rate of lob losses. Black and Hispanic workers were also much more likely to become unemployed during the pandemic than Whites despite their predominant role in work deemed ... essential. As the pandemic forced many industries into remote work, millions of Black and Hispanic workers have been left out. “Only 19.7% of Black and 16.2% of Latinx people work in jobs where they are able to telework, compared to 29.9% of White and 37.0% of Asian workers,” the report said.
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.
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.