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.
A group of Silicon Valley and Wall Street executives has raised $30 million to speed the development of a closely watched psychedelic-drug therapy. The Multidisciplinary Association for Psychedelic Studies, a nonprofit advocating for psychedelic research since the 1980s, is conducting its last phase of clinical trials to research the efficacy of using MDMA-assisted psychotherapy for post-traumatic stress disorder. PTSD afflicts about eight million adults a year. MDMA is more commonly known as the main component of Ecstasy. Armed with the new funding, MAPS is aiming to finish the trials and seek approval from the Food and Drug Administration to commercialize the MDMA-assisted psychotherapy as soon as 2022. In 2017, the FDA designated MDMA as a breakthrough therapy for PTSD, meaning it would expedite review of the drug. MAPS said a recent interim analysis of its Phase 3 clinical trials ... showed a very high likelihood the therapy will be effective for treating PTSD. In phase 2 clinical trials, individuals with post-traumatic stress disorder received psychotherapy, some with the psychedelic drug MDMA. More of those who received the drug no longer received a PTSD diagnosis in the months after treatment, compared with those who received a placebo. Business leaders said their donations came from a personal connection to mental-health conditions. Among them is billionaire Bob Parsons, founder of GoDaddy and ... a Marine Corps Vietnam War veteran, who said he has continued to battle PTSD.
Note: To read the entire article free of charge, see this webpage. Note that as big Pharma won't make big profits from these therapies, they are not funding any of the major studies, while the nonprofit MAPS has stepped in to make this happen. And not mentioned in this article is that the results of these studies has been dramatic, with over 2/3 of patients showing no signs of PTSD a year after treatment. For more along these lines, see concise summaries of deeply revealing news articles on mind-altering drugs from reliable major media sources.
White supremacist groups have infiltrated US law enforcement agencies in every region of the country over the last two decades. In a timely new analysis, Michael German, a former FBI special agent who has written extensively on the ways that US law enforcement have failed to respond to far-right domestic terror threats, concludes that US law enforcement officials have been tied to racist militant activities in more than a dozen states since 2000, and hundreds of police officers have been caught posting racist and bigoted social media content. Police links to militias and white supremacist groups have been uncovered in states including Alabama, California, Connecticut, Florida, Illinois, Louisiana, Michigan, Nebraska, Oklahoma, Oregon, Texas, Virginia, Washington and West Virginia. Police in Sacramento, California, in 2018 worked with neo-Nazis to pursue charges against anti-racist activists. This week, police in Kenosha, Wisconsin, faced intense scrutiny over their response to armed white men and militia groups gathered in the city amid demonstrations by Black Lives Matter activists and others over the police shooting of Jacob Blake. Kyle Rittenhouse, a 17-year-old who appeared to consider himself a militia member ... was arrested on suspicion of murder after the fatal shooting of two protesters. Activists in Kenosha say police there have responded aggressively and violently to Black Lives Matter demonstrators, while doing little to stop armed white vigilantes.
Note: Read how law enforcement prioritizes investigations of peaceful activists over investigations of violent white supremacist groups. For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
Now that we have built The Counted, a definitive record of people killed by police in the US this year, at least there is some accountability in America – even if data from the rest of the world is still catching up. It is undeniable that police in the US often contend with much more violent situations and more heavily armed individuals than police in other developed democratic societies. Still, looking at our data for the US against admittedly less reliable information on police killings elsewhere paints a dramatic portrait: the US is not just some outlier in terms of police violence when compared with countries of similar economic and political standing. America is the outlier – and this is what a crisis looks like. There were 59 fatal police shootings in the US for the days between 1 January and 24 January. According to data collected by the UK advocacy group Inquest, there have been 55 fatal police shootings – total – in England and Wales from 1990 to 2014. The US population is roughly six times that of England and Wales. According to the World Bank, the US has a per capita intentional homicide rate five times that of the UK. There has been just one fatal shooting by Icelandic police in the country’s 71-year history. The city of Stockton, California – with 25,000 fewer residents than all of Iceland combined – had three fatal encounters in the first five months of 2015. Police in the US have shot and killed more people – in every week this year – than are reportedly shot and killed by German police in an entire year.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
A dolphin species considered regionally extinct in the Adriatic has been spotted there repeatedly off the Italian and Slovenian coast. Researchers from Morigenos Slovenian Marine Mammal Society and the Sea Mammal Research Unit at the University of St Andrews have published a new review study on the occurrence of common dolphins in the Gulf of Trieste and the northern Adriatic Sea, published in the scientific journal Aquatic Conservation: Marine and Freshwater Ecosystems. The dolphin (Delphinus delphis) used to be very common in the Adriatic Sea and other parts of the Mediterranean Sea. However, since the 1970s it has become so rare that the Mediterranean population is now listed as Endangered on the Red List of the International Union for the Conservation of Nature (IUCN). During the last 30 years, this species has been considered as regionally extinct from the Adriatic Sea, likely due to intentional and systematic killing during mid-20th century. Back then, both Italy and the former Yugoslavia used to pay monetary rewards for every dolphin killed because dolphins were considered a pest that competed with fisheries. Due to their rarity, all records of common dolphins in the Adriatic and many other Mediterranean areas are important. Despite no previous records, four different animals were observed in the area over a period of four years. Some of these individual dolphins were seen repeatedly, one over the course of two months and one over the course of more than a year.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles on marine mammals.
Older Americans suffer disproportionately from chronic pain and its attendant ailments, anxiety, depression and insomnia. In the search for relief, they consume more pharmaceutical drugs than perhaps any comparable cohort on this planet. Psychedelic therapies to treat mental health conditions offer a radical departure from current pharmaceutical models. The psychedelic therapy modalities currently under investigation combine a limited number of treatment sessions with a psychedelic substance, sandwiched between intensive pre- and post-treatment therapy sessions. The ideal, and realistic, outcome from this course of treatment is not mere symptom control, but durable remission. Indeed, these studies are finding that, in clinically significant numbers, recipients of a single course of psychedelic therapy report the experience to be life-changing, and enduring over time. The positive preliminary outcomes of clinical studies by MAPS using MDMA to treat PTSD, and Compass Pathways for psilocybin therapy for treatment-resistant depression, have convinced the FDA to grant them Breakthrough Therapy Designation. In the 1960s researchers were interested in seeing if psychedelic drug treatment could alleviate existential distress in terminal cancer patients. This line of research was picked up 35 years later by Dr. Charles Grob, whose 2011 pilot study of psilocybin treatment for terminal cancer patients found significant enduring reductions in anxiety and improvement in mood at a six-month follow up.
Note: Read more on the healing potentials of mind-altering drugs. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Wind farms come with many benefits - but they can be a danger to local birds. A new study suggests a small tweak to the turbine design could make a big difference in terms of avian safety, and all it takes is a paint job. In an experiment run on the Norwegian archipelago of Smřla, changing the colour of just one of the turbine blades to black led to an average of 70 percent annual reduction in bird fatalities, as measured over three and a half years. In a linked experiment, painting part of some of the turbine towers black also resulted in fewer bird deaths. While the study only involved one wind farm and a small number of birds ... it points to a way of keeping birds from harm without major reengineering. "In this case it was resource demanding to paint the rotor blades, since the wind turbines were already installed," says conservation biologist Roel May. "If the painting is done before construction, however, both the cost and the bird mortality will be reduced." Very little data is available on just how many bird deaths are caused each year by wind turbines. Some estimates put it at the tens of thousands. Painted blades could be one solution to the problem. The researchers think it makes the turbines more visible to birds, reducing what's known as motion smear – where moving objects are more difficult to get a visual lock on. The study also looked at other possible ways of reducing bird deaths, such as covering blades with ultraviolet paint, and positioning turbines in such a way as to avoid areas of updraft that birds use to soar.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
US authorities have approved a plan to release more than 750 million genetically modified mosquitoes across the Florida Keys, despite objections from local residents. British-based firm Oxitec are behind the project that will test whether the altered mosquitoes can work as an alternative to pesticides to control the spread of diseases. The male mosquito, which is named OX5034, has been created to produce female offspring that die at larval stage, before they grow big enough to spread disease and bite. Female mosquitoes bite for blood while they mature their eggs, but males do not carry the diseases as they feed on nectar. The mosquitoes will be released in the Florida Keys in 2021, but will be expanded into Harris County, Texas, after the Environmental Protection Agency granted Oxitec’s request for an experimental use permit. Jaydee Hanson, policy director for the International Centre for Technology Assessment and Centre for Food Safety ... criticized the decision. “What could possibly go wrong? We don’t know, because EPA unlawfully refused to seriously analyze environmental risks. Now without further review of the risks, the experiment can proceed,” Mr Hanson [said]. Since the initial announcement of the project in May, more than 230,000 people have signed a petition against the proposal, which was supported by more than 30 local physicians. Local media reported that residents were unhappy to be treated as “guinea pigs” for the experiment.
Note: Read more about the controversy surrounding Oxitec's genetically altered mosquitoes. For more along these lines, see concise summaries of deeply revealing news articles on GMOs from reliable major media sources.
The power of the president is enormous. As Mr. Trump stated in March, "I have the right to do a lot of things that people don't even know about." What the president appears to have been referring to are his presidential emergency action documents, often referred to as PEADs. "Even though I've had security clearances for the better part of 50 years and been in and out of national security matters during that half-century, I had never heard of these 'secret powers,'" said former Senator Gary Hart. Ted Koppel asked, "Do you know what they are, now that you've heard of them?" "Only vaguely, due to research done at the Brennan Center for Justice," Hart said. "What these secret powers are, apparently, based on the research, is suspension of the Constitution, basically." The Brennan Center research that Senator Hart referred to has been spearheaded by Elizabeth Goitein. Goitein says what little we do know about PEADs comes from references to them in other documents, some of which are now declassified. "They originated in the Eisenhower administration," Goitein said. "But since then ... no presidential emergency action document has even been released, or even leaked. Not even Congress has access to them. Congress is not aware of these documents, and from public sources we know that at least in the past these documents have purported to do things that are not permitted by the Constitution – things like martial law and the suspension of habeas corpus and the roundup and detention of people not suspected of any crime."
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
John Oliver returned to Last Week Tonight with another examination of an unjust cog in America’s criminal justice system: the unrepresentative makeup of trial juries. Serving on a “jury of your peers” is an “essential civic duty”, Oliver said. But in practice, said “peers” are not chosen from a fair cross-section of society. People of color and particularly black Americans are chronically underrepresented in jury pools. First, there’s the list of potential jurors, which in many states draws from voter registration data or drivers’ license lists, both of which disproportionately exclude people of color. Many states contract jury selection to private companies, whose methods, when revealed, fall far short of truly representative or random; Oliver pointed to one example in Tulsa, Oklahoma, where a private company accidentally excluded zip codes in which 90% of the county’s black residents lived. Once potential jurors show up for selection, prosecutors can weed out jurors of color. Although the supreme court ruled in 1986 that prosecutors can’t strike jurors on the basis of race, “it turns out that’s a pretty easy rule to get around,” said Oliver. “All you have to do is just come up with some reason other than race to strike a juror.” To demonstrate the brazen efforts prosecutors will take to whitewash juries, Oliver pointed to the six murder trials for Curtis Flowers in Mississippi, a black man whose case eventually reached the supreme court, which decided that the prosecutor had repeatedly and blatantly filtered out any potential black jurors.
Note: For more along these lines, see concise summaries of deeply revealing news articles on judicial system corruption from reliable major media sources.
Deepfake technology enables anyone with a computer and an Internet connection to create realistic-looking photos and videos of people saying and doing things that they did not actually say or do. A combination of the phrases “deep learning” and “fake”, deepfakes first emerged on the Internet in late 2017, powered by an innovative new deep learning method known as generative adversarial networks (GANs). Several deepfake videos have gone viral recently, giving millions around the world their first taste of this new technology: President Obama using an expletive to describe President Trump, Mark Zuckerberg admitting that Facebook's true goal is to manipulate and exploit its users, Bill Hader morphing into Al Pacino on a late-night talk show. The technology is improving at a breathtaking pace. Experts predict that deepfakes will be indistinguishable from real images before long. It does not require much imagination to grasp the harm that could be done if entire populations can be shown fabricated videos that they believe are real. In a world where even some uncertainty exists as to whether such clips are authentic, the consequences could be catastrophic. In a recent report, The Brookings Institution grimly summed up the range of political and social dangers that deepfakes pose: “distorting democratic discourse; manipulating elections; eroding trust in institutions; weakening journalism; exacerbating social divisions ... and inflicting hard-to-repair damage on the reputation of prominent individuals.”
Note: Watch a scary video showing how easy it is to make very realistic fake videos of Bush, Obama, and Trump. Read more about this emerging technology. For more along these lines, see concise summaries of deeply revealing news articles on media manipulation from reliable major media sources.
The Australian state of Victoria [announced] on Tuesday that military personnel will be deployed to enforce Covid-19 lockdown orders, amid growing concerns about attacks on police. Authorities warned police were facing a sometimes violent resistance, often by so-called 'sovereign citizens' groups who considered themselves above the law. Victoria earlier this week imposed a night curfew, tightened restrictions on people's daily movements and ordered large parts of the local economy to close to slow the spread of coronavirus. But nearly a third of those who contracted Covid-19 were not home isolating when checked on by officials, requiring tough new penalties, Daniel Andrews, the state premier, said. Fines of nearly A$5,000 (Ł2,710) will be issued to anyone breaching stay at home orders. Repeat offenders face a fine of up to A$20,000. "There is literally no reason for you to leave your home and if you were to leave your home and not be found there, you will have a very difficult time convincing Victoria police that you have a lawful reason," Mr Andrews told reporters in Melbourne. The only exemption will be for urgent medical care, said Mr Andrews, adding anyone under a self-isolation order will no longer be allowed to leave their homes for outdoor exercise. Mr Andrews said an additional 500 unarmed military personnel will this week deploy to Victoria to assist police in ensuring self-isolation orders are being complied with. The latest military deployment will join about 1,500 troops already in Victoria.
Note: Learn more about the incredible, draconian measures being taken in Australia in this article banned by facebook. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
The nation's mental health is languishing, according to data reported this week as part of the US Centers for Disease Control and Prevention's Morbidity and Mortality Weekly Report. Suicidal ideation is up among young people since last year, with as many as one in four people ages 18 through 24 having seriously considered suicide in the 30 days preceding the survey. In the general US population, the CDC reported that 11% of adults surveyed had seriously considered suicide in the past 30 days before they completed the survey. Among those identifying as Black or Hispanic, the numbers were worse: 19% of Hispanics reported suicidal ideation and 15% of Blacks reported suicidal thoughts. The results reflect a nation increasingly on edge. The number of Americans reporting anxiety symptoms is three times the number at this same time last year, the CDC said. "Previous events have had a start, middle, an end," said Vaile Wright [with] the American Psychological Association. "People can't disconnect from this." Add on the pressures of the economy, the increased scrutiny on racial injustice and the looming specter of the presidential election, and it's hard for many to feel like things might turn out OK. The stress is disproportionately falling on the young. On an individual level, Wright noted that the main pillars of psychological health include eating healthy, staying active, getting enough sleep and maintaining social connections. But figuring out healthy ways to socialize virtually can require being intentional.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and health from reliable major media sources.
The coronavirus pandemic now ravaging the United States should lead every American to a series of important questions: What are the real threats that I face? What has my government been prioritizing in terms of my - and the nation’s - security? And where has all my tax money been going? It’s hard not to conclude that the American government’s national security priorities have been so askew of reality that they left the country dramatically unprepared for an acute threat to millions of its people. The government’s focus has been overwhelmingly on the threat of extremist groups and unfriendly regimes abroad, mostly in the Middle East. These confrontations have won America an ever-growing list of enemies around the world. But their impact on the United States itself is now also being painfully revealed: a country that has spent trillions on foreign wars but is unable to defend its citizens from basic threats like disease and economic collapse. The last few weeks have revealed a spectacle of a federal government apparently incapable of doing what is required to stop the spread of a pandemic on American soil. Meanwhile, the avalanche of military spending that was released after the September 11 attacks continues to roll onwards. According to Brown University’s Costs of War Project, the U.S. government has spent a staggering $6.4 trillion on its wars in Afghanistan, Iraq, and Pakistan since 2001. Interest payments on the borrowing needed to pay for the wars ... could run to as much as $8 trillion by midcentury.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.
The U.S.-supported military coup in Bolivia has largely disappeared from western news outlets ever since the November 2019 massacres of pro-democracy protesters by the right-wing faction that seized power. But for Bolivians, the repression and tyranny that replaced their stable and thriving democracy endures. What makes the coup in Bolivia and its aftermath so worthwhile to explore is not just the inherent importance of Bolivia itself: a country of 11 million people with a rich and unique ethnic, cultural and religious diversity, as well as an ample supply of the now-vital resource of lithium. It is also instructive because of how U.S. discourse evolved in support of the coup, with supposed “foreign policy experts” across the political spectrum ... spouting outright falsehoods to depict the destruction of Bolivian democracy as the salvation of it. Since the coup last October, many of the key claims used to justify the ousting of Morales ... have been proven to have been lies. Yet not a single one of the foreign policy “experts” or media outlets have acknowledged their errors or even addressed these subsequent revelations, because they know that there are never any consequences for journalists and analysts as long as they remain subservient to the U.S. government agenda. Bolivia is but the latest of a long line of thriving, stable democracies destroyed with the support if not the outright participation of the U.S. government, while jingoistic media figures disseminated the propaganda used to justify it all.
Note: Watch journalist Glenn Greenwald interview experts on the Bolivian coup. For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
Stephen Akpabio-Klementowski, an ex-convict and lecturer, has transformed his life through education after he earned his undergraduate degree and two master’s while serving a 16-year jail sentence. Without any qualification, he managed to defy the odds and studied to earn a degree from The Open University and two master’s from Oxford Brooks. Stephen was serving a 16-year jail sentence for the importation of class A drugs. In spite of the major setbacks and bitter life experiences, Stephen managed to transform his life, and his extraordinary story has inspired many across the world. Stephen defines his decision to pursue a degree as a "seminal moment in his life". Stephen is now studying for his PhD in criminology while working part-time as the regional manager for The Open University’s Students. In 2019, 17 inmates, police officers and former convicts graduated from the Kamiti Maximum Prison in Nairobi with law degrees from the University of London. Ten of the inmates were drawn from Kenyan and Ugandan prisons, three were former convicts who enrolled for the program while still in prison while the rest were prison officers and one African Prison Project staff. John Muthuri, the legal aid manager noted there were few lawyers to serve more than 54,000 prisoners in the country and as such the project would ensure convicts behind bars got affordable legal representation. “We are creating innovative ways to ensure that everyone behind bars who can’t afford legal representation is represented,” Muthuri said.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
2020 marks the 82nd year that researchers at Harvard University began following 724 college age men as part of the longest running study in history on human development. Their objective? To determine what factors lead to healthy and happy lives. Key results suggest that happiness and health do not result from fame and fortune. Instead, as the Director of the Harvard Study of Adult Development Robert Waldinger put it, the clearest message to emerge is, “Good relationships keep us happier and healthier. Period.” Close relationships ... are better predictors of long and happy lives than social class, IQ, or even genes. Research from University College London found that people with a greater sense of purpose in life lived longer than those with the lowest sense of purpose. A study conducted with the elderly showed those who helped others lived longer lives. Researchers from Norway found that women who rated high for humor had a 48 percent lower risk of death from all causes. Research from University College London showed people who felt younger had a lower death rate than those who felt their own age or older. A Harvard study found the most optimistic people had a 16 percent lower risk of death from cancer, a 38 percent lower risk of death from heart disease and respiratory disease, and a 39 percent lower risk of dying from stroke. Research from UC Berkeley shows that experiencing awe can actually impact health by reducing inflammation and lowering the risk of diabetes, heart disease, and Alzheimer’s.
Note: The above article contains a great list of questions designed to help improve wellbeing. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Just because someone has limited mobility, does that mean they should be limited to traversing smooth pavement? Not according to husband-and-wife team Zack and Cambry Nelson, who are now marketing their off-road motorized "wheelchair." Known as The Rig and made mainly from bicycle parts, the vehicle was initially developed by Zack to help Cambry take part in their outdoor adventures. It features an aluminum frame with detachable bumpers, a padded adjustable seat, a 1,000-watt ebike motor linked to the rear axle by a chain drive, dual steering handles, front hydraulic disc brakes, plus 4-inch-wide fatbike tires on each of its four wheels. Front and rear independent suspension is an optional extra, as is a second lithium battery for added range. The whole thing measures 5 ft long by 32 inches wide by 41 in tall (1,524 by 812 by 1,041 mm), and tips the scales at a claimed 120 lb (54 kg) – that's with the suspension package, and a single battery. One charge of that battery should reportedly be good for a range of 10 to 20 miles (16 to 32 km), depending on usage and rider weight. And while it can't accommodate a second passenger in the back, it does have a cargo-mounting system that allows gear such as camping supplies, a cooler or a conventional wheelchair to be brought along for the ride. The Rig is now available for pre-order in a choice of seven frame colors, with prices starting at US$4,750. For reference, some other electric off-road wheelchairs we've seen are priced at $10,000 or more.
Note: Watch a fun and inspiring video of this awesome invention. Explore a treasure trove of concise summaries of incredibly inspiring disabled persons news articles which will inspire you to make a difference.
About 1 in 1,000 black men and boys in America can expect to die at the hands of police, according to a new analysis of deaths involving law enforcement officers. That makes them 2.5 times more likely than white men and boys to die during an encounter with cops. The analysis also showed that Latino men and boys, black women and girls and Native American men, women and children are also killed by police at higher rates than their white peers. But the vulnerability of black males was particularly striking. “That 1-in-1,000 number struck us as quite high,” said study leader Frank Edwards. The number-crunching by Edwards and his coauthors also revealed that for all young men, police violence was one of the leading causes of death in the years 2013 to 2018. The findings ... add hard numbers to a pattern personified by victims like Eric Garner, Tamir Rice and Freddie Gray. Five years after police in the St. Louis suburb of Ferguson, Mo., fatally shot Michael Brown, protesters and activist groups have focused public attention on the disproportionate use of force against African Americans and other people of color. Scientists, meanwhile, are increasingly studying police violence as a public health problem. A study published in the Lancet last year found that police killings of unarmed black men were associated with an increase in mental health problems such as depression and emotional issues for black people living in the state where the killing took place.
Note: Just as a comparison, so far in the U.S., about one in 2,000 Americans have died from COVID-19 according to official figures. For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
What Americans need to understand about the race to find vaccines and treatments for Covid-19 is that in the U.S., even when companies appear to downshift from maximum greed levels – and it's not at all clear they've done this with coronavirus treatments – the production of pharmaceutical drugs is still a nearly riskless, subsidy-laden scam. Americans reacted in horror five years ago when a self-satisfied shark of an executive named Martin Shkreli, a.k.a. the "Pharma Bro," helped his company, Turing Pharmaceuticals, raise the price of lifesaving toxoplasmosis drug Daraprim from $13.50 to $750 per pill. Shkreli, who smirked throughout congressional testimony ... was held up as a uniquely smug exemplar of corporate evil. Really, the whole industry is one big Shkreli, and Covid-19 – a highly contagious virus with unique properties that may require generations of vaccinations and booster shots – looms now as the ultimate cash cow for lesser-known Pharma Bros. "The power of the industry combined with fear is driving extraordinary spending," says U.S. Rep. Lloyd Doggett (D-Texas), who has been ... warning about pandemic profiteering. "It all suggests rosy times ahead for the pharmaceutical industry." Recent House and Senate emergency-spending bills allocate as much as $20 billion or more for vaccine development, and another $6 billion for manufacturing and distribution. "The public will pay for much research and manufacturing," says Doggett. "Only the profits will be privatized."
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and Big Pharma profiteering from reliable major media sources
U.S. stocks are hovering near a record high, a stunning comeback since March that underscores the new phase the economy has entered: The wealthy have mostly recovered. The bottom half remain far from it. Jobs are fully back for the highest wage earners, but fewer than half the jobs lost this spring have returned for those making less than $20 an hour. The pandemic is causing especially large gaps between rich and poor, and between White and minority households. It is also widening the gap between big and small businesses. Some of the largest companies, such as Nike and Best Buy, are enjoying their highest stock prices ever while many smaller businesses fight for survival. Some economists have started to call this a “K-shaped” recovery because of the diverging prospects for the rich and poor, and they say policy failures in Washington are exacerbating the problems. For many of the unemployed, the downturn is lasting far longer than they had anticipated. Nearly 80 percent of furloughed or laid-off workers thought they would be rehired, a Washington Post-Ipsos poll conducted April 27-May 4 found. Yet so far, only 42 percent of jobs have returned. “This has been a very clear K-shaped recovery,” says Peter Atwater ... at the College of William & Mary. “The biggest and wealthiest have been on a clear path toward recovery. Meanwhile, for most small businesses and those worst off, things have only become worse. The contrast is piercing: One group feels better than ever while the other borders on hopelessness.”
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.