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 third of Americans are showing signs of clinical anxiety or depression, Census Bureau data shows, the most definitive and alarming sign yet of the psychological toll exacted by the coronavirus pandemic. When asked questions normally used to screen patients for mental health problems, 24 percent showed clinically significant symptoms of major depressive disorder and 30 percent showed symptoms of generalized anxiety disorder. The findings suggest a huge jump from before the pandemic. For example, on one question about depressed mood, the percentage reporting such symptoms was double that found in a 2014 national survey. The troubling statistics were released last week in a tranche of data from the Census Bureau. The agency launched an emergency weekly survey of U.S. households at the end of April to measure the pandemic’s effects on employment, housing, finances, education and health. In the most recent data release, 1 million households were contacted between May 7 and 12, and more than 42,000 responded. Buried within that 20-minute survey, U.S. officials included four questions taken nearly word-for-word from a form used by doctors to screen patients for depression and anxiety. Those answers provide a real-time window into the country’s collective mental health after three months of fear, isolation, soaring unemployment and continuing uncertainty. Those results reflect a deepening of existing trends: rising depression, stress and suicide among young adults.
Note: Read also a Washington Post article titled "A massive wave of evictions is coming." For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and health from reliable major media sources.
Indonesia's Government has rolled out what it calls rice ATMs across Jakarta to assist the needy, as the coronavirus pandemic takes a heavy toll on South-East Asia's largest economy. Authorities have so far rolled out 10 machines across greater Jakarta — home to more than 30 million people — to dispense 1.5 kilograms of rice to the poor, as millions have found themselves out of work due to coronavirus social distancing measures. Jakarta resident Agus, who goes by one name, lost his job as a labourer in early March. It is estimated up to 70 per cent of Indonesia's labour force works informally, meaning the impact of enforced business shutdowns and stay-at-home orders have been particularly severe. Agus and his family are one of hundreds who have already registered for rice assistance in his district — a requirement to be eligible to access the rice ATM. Officials say the machines can distribute up to 1.5 tonnes of rice per day to 1,000 people. Indonesia's Ministry of Agriculture said that the rice ATMs will operate for at least the next two months and Agus hopes that the government will consider extending the program. "There's no guarantee that me and other people will get a job next month, of course, it'd be better if we can keep the assistance until we earn money again," he said. "The free rice has greatly helped my family to reduce our monthly spending." A rice ATM has also reportedly been installed at Diponegoro University in the city of Semarang, allowing hungry students to access 2kg of rice per week.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Although the number of coronavirus cases continues to grow globally, there are places that have managed to successfully control COVID-19. Perhaps the greatest success story is New Zealand, which has stopped local transmission and has a plan to completely eliminate the virus from its territory. "The lesson is that it can be done," says Siouxsie Wiles. Wiles heads up the Bioluminescent Superbugs Lab at the University of Auckland. Much of her work focuses on antibiotic resistance and infectious diseases. When the coronavirus hit, she got involved in communication efforts in New Zealand to help explain the virus, including by using a popular cartoon. But it wasn't just scientists who led the charge. Wiles — and many other New Zealanders — give much of the credit for their country's success to the swift and decisive leadership of Prime Minister Jacinda Ardern. Wiles ... says that the prime minister did something quite interesting, "which was that unlike many other countries, she never put us on a war footing." So Ardern's speeches weren't about attacking an invisible enemy — as many world leaders would say. Instead she called on New Zealanders to confront this crisis by protecting their fellow citizens. "She talked over and over about us being a team of 5 million and that we all do our part to break these chains of transmission and to eliminate the virus," Wiles says. "I think that has been one of the really crucial things — everybody ... behaving for the good of everybody."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
When the coronavirus pandemic hit, the future of the Cannard Family Farm—whose organic vegetables supplied a single Berkeley restaurant—was looking stark. Bob Cannard built his 30-year career by rejecting organic certification in favor of his own “better than organic” breed of “natural process agriculture,” enriching the soil on his Green String Farm with crushed rock and compost. He and his son have long sold the fruits of their labor to the famous restaurant Chez Panisse. But in March, the stay-at-home order hit, and the restaurant closed. [Chef Alice] Waters was worried about the vulnerable situation her workers and producers were finding themselves in. She rushed to establish a subscription CSA, which stands for community supported agriculture, offering weekly food boxes that could be picked up at the shuttered restaurant, filled with goodies from her regular producers like Cannard. “I’m trying to connect our network with the people who would like to have that food in their home,” she said. “Farmers are always in an uphill battle, especially ecological farmers,” says Wiig of the Community Alliance with Family Farmers. “We’ve been able to keep farm markets open as essential businesses, but crowds have decreased with people afraid to go out, and sales are down.” Community Alliance was quick to jump in, becoming a “matchmaker” for producers and buyers on its website. They’re also providing all kinds of information for farmers about how to start and run a CSA.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
There is [a] type of contagion that still keeps some of White America paralyzed: Fear of black men in public spaces. This Memorial Day weekend saw the release of two disturbing videos involving black men. One showed a white Minneapolis police officer with his knee on the neck of a black man who was gasping, "I can't breathe." The man later died. In the second incident, a white woman was walking her dog in New York's Central Park when she got into a dispute with a black man who asked her to leash her pet. A video [shows her calling] the police and saying, "I'm going to tell them there's an African American man threatening my life." Both episodes came not long after the release of another video that showed Ahmaud Arbery ... shot to death after encountering two white armed men while jogging in Georgia. All those incidents have a depressing familiarity to many black men. It's part of the ambient racism of our everyday lives. Black men have long been a bogeyman in White America's collective psyche. Why are black men still so feared in 2020? White America has long associated black men with criminality and hypersexuality. It permeates our history and our art. It's why some social science experiments show that even trained police officers are biased to see black man as threats. The stereotype of the dangerous black man is burrowed so deep in our collective imagination that even many black Americans see black men as automatic threats. Until more white people actually live among and befriend black people, that fear will persist. Until something changes, we black men ... keep our voices down, tiptoe through public spaces and stifle our fear. We try everything we can to avoid being the next black man in a viral video.
As protests and unrest continued in Minneapolis following the killing of George Floyd, people are questioning the identity of a man filmed smashing windows. Footage emerged of the white man, dressed all in black, and in gloves and boots, calmly smashing the windows of an auto parts store with a large hammer. His face is obscured by an expensive-looking gas mask and he is also holding an open black umbrella — although it was not raining. Twitter quickly christened him 'Umbrella Man'. As he methodically smashes the windows of the Minneapolis branch of AutoZone, video shows that he is confronted by two people, apparently trying to stop him, before he turns and walks quickly away. A small group follows him and he tries to snatch the phone of the person filming. Someone yells: "Are you a f***ing cop?" Twitter users have accused him of being everything from an undercover police officer, to part of Antifa, to a white supremacist, or an agent provocateur there to incite violence that would ultimately trigger a widespread riot. The incident was recorded before fires were started. Minnesota’s attorney general Keith Ellison even chimed in, tweeting: “This man doesn’t look like any civil rights protester I have ever seen. Looks like a provocateur. Can anyone ID him?” A popular theory that went viral identified a specific police officer from neighbouring St Paul by name, based on screenshots of a series of text messages purportedly from a former partner. The identity of 'umbrella man' continues to be a subject of speculation and rumour.
Note: Watch the umbrella man video here. A tweet you can see in this article suggests it was a policeman in the video. Read an excellent but disturbing article on how recent protests are being infiltrated by militias and other groups intent on causing trouble. Here's another example of an undercover police officer discovered among protestors in Oakland, CA several years ago. A member of the WTK team who lives in Minneapolis has a friend who was putting out fires during the riots only to then have uniformed police chase them away and restart the fires.
Spot is focused on the asphalt path ahead, where a few joggers and bicyclists are out for some socially distanced sunshine. A cyclist in a brimmed hat rides past. Spot pipes up, not with a bark, but with a recorded message. “Let’s keep Singapore healthy,” comes a woman’s voice, polite but firm. “For your own safety, and for those around you, please stand at least one meter apart. Thank you.” Spot [is] an agile, four-legged, arrestingly doglike robot that Singapore has deployed to help enforce distancing measures during the second month of a partial coronavirus lockdown. Developed by Boston Dynamics of Waltham, Mass., Spot is one of the world’s most advanced commercial robots, last seen opening doors, hauling a truck or dancing to Bruno Mars in a slate of mesmerizing promotional videos. Its two-week pilot in a park here is seen as a test of how machines and artificial intelligence could help reduce human contact in public spaces. Singapore officials said the goal of using Spot was “reducing the manpower required for park patrols and minimizing physical contact among staff, volunteer safe distancing ambassadors and park visitors.” Cameras installed on its body will help estimate the number of visitors in the park, but officials said they cannot recognize individuals. If the trial is successful, officials said they would consider deploying Spot ... at other parks. A second Spot robot has also been in use since last month to deliver medicines at an isolation facility housing thousands of COVID-19 patients.
Note: Click on the link above to see this robotic canine. Robot policing raises some serious concerns. CNBC has an article claiming as a result of the virus, we need social robots, robot avatars, and more. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Public health officials in some states are accused of bungling coronavirus infection statistics or even using a little sleight of hand to deliberately make things look better than they are. In Virginia, Texas and Vermont, for example, officials said they have been combining the results of viral tests, which show an active infection, with antibody tests, which show a past infection. Public health experts say that can make for impressive-looking testing totals but does not give a true picture of how the virus is spreading. In Florida, the data scientist who developed the state’s coronavirus dashboard, Rebekah Jones, said this week that she was fired for refusing to manipulate data “to drum up support for the plan to reopen.” In Georgia, one of the earliest states to ease up on lockdowns and assure the public it was safe to go out again, the Department of Public Health published a graph around May 11 that showed new COVID-19 cases declining over time in the most severely affected counties. The daily entries, however, were not arranged in chronological order but in descending order. Georgia's Department of Public Health also regularly publishes a graph that shows cases over time, except new infections are not listed on the day they came back positive, which is the practice in many other states. Instead, Georgia lists new cases on the day the patient first reported symptoms. That practice can shift the timeline of the outbreak and make it appear as if the state is moving past the peak.
Note: It's quite interesting to note that they made no mention of fudging the figures to make things look worse than they are, like doctors being instructed to list cause of death as COVID-19 even when they aren't certain. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.
A black Miami doctor was handcuffed outside his home last week while on his way to hand out tents to the city’s homeless during the coronavirus outbreak. Security footage appeared to show a police sergeant handcuffing Dr. Armen Henderson, an internal medicine physician at the University of Miami Health System, as he was placing camping tents in his van. According to Henderson, the officer asked him what he was doing and if he was littering – Henderson told him he lived there. “At some point, he got upset with what I was saying and he handcuffed me,” Henderson [said]. The officer then walked him over to the police car and pointed his fingers at him, all while not wearing a mask. Henderson’s wife, Leyla Hussein, came out of the house with identification to prove they both lived there. Incidents like these underscore why black communities often distrust law enforcement. Only about a third of blacks say local police, “do an excellent or good job in using the appropriate force on suspects,” according to a 2016 Pew Research Center study. After fatal police shootings of black men such as Walter Scott and Alton Sterling, [a] study found that black people were, in fact, more likely to be stopped by police. “If you’re black or a minority, you’re significantly more likely to be arrested if they stop you,” Ted Miller ... who led the study, [said]. In 2019, another study ... revealed black men were 2.5 times more likely than white men to be killed by the police.
Note: Read about a 26-year-old black woman who was an EMT needlessly shot to death in her home and the purely racist murder of 25-year-old jogger Ahmaud Arbery. When will it stop? For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
The federal government has ramped up security and police-related spending in response to the coronavirus pandemic, including issuing contracts for riot gear, disclosures show. The purchase orders include requests for disposable cuffs, gas masks, ballistic helmets, and riot gloves, along with law enforcement protective equipment for federal police assigned to protect Veterans Affairs facilities. The orders were expedited under a special authorization “in response to Covid-19 outbreak.” “Between 2005 and 2014, VA police departments acquired millions of dollars’ worth of body armor, chemical agents, night vision equipment, and other weapons and tactical gear,” The Intercept reported last year. But an Inspector General report in December 2018 found there was little oversight. The CARES Act, the $2.2 trillion stimulus legislation passed in late March, also authorized $850 million for the Coronavirus Emergency Supplemental Funding program, a federal grant program to prepare law enforcement, correctional officers, and police for the crisis. The funds have been dispensed to local governments to pay for overtime costs, purchase protective supplies, and defray expenses related to emergency policing. The grants may also be used for the purchase of unmanned aerial aircraft and video security cameras for law enforcement. Motorola Solutions, a major supplier of police technology, has encouraged local governments to use the new money to buy a range of command center software and video analytics systems.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and the disappearance of privacy from reliable major media sources.
Fourteen years ago, two federal government doctors, Richard Hatchett and Carter Mecher, met with a colleague at a burger joint in suburban Washington for a final review of a proposal they knew would be treated like a pińata: telling Americans to stay home from work and school the next time the country was hit by a deadly pandemic. How that idea — born out of a request by President George W. Bush to ensure the nation was better prepared for the next contagious disease outbreak — became the heart of the national playbook for responding to a pandemic is one of the untold stories of the coronavirus crisis. “A pandemic is a lot like a forest fire,” Mr. Bush said in a speech at the National Institutes of Health. “If caught early it might be extinguished with limited damage.” To develop ideas, the Bush administration enlisted Dr. Hatchett, who had served as a White House biodefense policy adviser, and Dr. Mecher, who was a Veterans Affairs medical officer. Dr. Mecher heard from Robert J. Glass, a senior scientist at Sandia. “Targeted social distancing strategies can be designed to effectively mitigate the local progression of pandemic influenza without the use of vaccine or antiviral drugs,” concluded a study that Dr. Glass published. The administration ultimately sided with the proponents of social distancing. Then the coronavirus came, and the plan was put to work across the country for the first time. Dr. Markel called it “very gratifying to see our work used to help save lives.” But, he added, “it is also horrifying.”
Note: Read an excellent essay revealing serious questions about the formation of this policy. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Big Tech companies are aggressively tamping down on COVID-19 “misinformation” — opinions and ideas contrary to official pronouncements. Dr. Knut M. Wittkowski, former head of biostatistics, epidemiology and research design at Rockefeller University, says YouTube removed a video of him talking about the virus that had racked up more than 1.3 million views. Wittkowski, 65, is a ferocious critic of the nation’s current steps to fight the coronavirus. He has derided social distancing, saying it only prolongs the virus’ existence, and has attacked the current lockdown as mostly unnecessary. Wittkowski, who holds two doctorates in computer science and medical biometry, believes the coronavirus should be allowed to create “herd immunity,” and that short of a vaccine, the pandemic will only end after it has sufficiently spread through the population. “I was just explaining what we had,” Wittkowski told The Post of the video, saying he had no idea why it was removed. “They don’t tell you. They just say it violates our community standards. There’s no explanation for what those standards are or what standards it violated.” In articles and interviews across the web, he has likened COVID-19 to a “bad flu.” That likely made him a target for YouTube. “Anything that goes against [World Health Organization] recommendations would be a violation of our policy,” CEO Susan Wojcicki told CNN.
Note: For more along these lines, see concise summaries of deeply revealing news articles on media corruption and the coronavirus from reliable major media sources.
President Trump’s enthusiastic embrace of a malaria drug that he now says he takes daily — and the resulting uproar in the news media — appears to be interfering with legitimate scientific research into whether the medicine might work to prevent coronavirus infection or treat the disease. The drug, hydroxychloroquine ... is also widely used to treat lupus and other autoimmune diseases. But specialists — including Dr. Anthony S. Fauci, the government’s top infectious disease expert — say the jury is still out. Mr. Trump’s frequent pronouncements and misstatements — he has praised the drug as a “game changer” and a “miracle” — are only complicating matters. Last week, the National Institute of Allergy and Infectious Diseases, which Dr. Fauci leads, announced a 2,000-patient study to determine whether hydroxychloroquine, when combined with the antibiotic azithromycin, “can prevent hospitalization and death from Covid-19,” joining more than 50 other clinical trials that are continuing in the United States. Researchers around the country said the controversy was depressing enrollment in their clinical trials. The president’s trade adviser, Peter Navarro ... said “hydroxy hysteria” in the news media — not Mr. Trump — was to blame. “Has the media’s war of hysteria on hydroxychloroquine killed people?” Mr. Navarro asked in an interview. “If the scientific evidence does indeed prove that the medicine has both prophylactic and therapeutic value, the answer is yes.”
Note: In a survey reported in this New York Post article, over 2,000 physicians were asked which drug was most effective in treating the coronavirus. Hydroxychloroquine was chosen by the greatest number of those surveyed (37%). Remember that chlorequine has already been proven safe for other illnesses and is very cheap as the patent expired. So big Pharma, who are huge sponsors of the media, don't like this drug. For more along these lines, see concise summaries of deeply revealing news articles on media corruption and the coronavirus from reliable major media sources.
The uncertainty surrounding coronavirus has been a huge source of anxiety throughout this pandemic, as scientists have struggled to uncover not just a treatment for the disease, but also basic facts about its existence. Though many have been concerned about infection through items like groceries or mail deliveries, the Centers for Disease Control and Prevention has recently issued updated guidance saying that coronavirus “does not spread easily” from touching surfaces or objects. “It may be possible that a person can get COVID-19 by touching a surface or object that has the virus on it and then touching their own mouth, nose, or possibly their eyes,” the CDC says. “This is not thought to be the main way the virus spreads, but we are still learning more about this virus.” The CDC still notes, however, that the virus spreads 'very easily and sustainably’ from person to person. As precautions against infection, the organization continues to recommend that people wash their hands often with soap and water and maintain six feet of social distance from others. Despite the update regarding transmission through objects, it still says that Americans should routinely clean and disinfect frequently touched surfaces.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
At Princeton University, portraits of blue-collar campus workers are now taking center stage. A new set of paintings are offering a fresh perspective on the working class, racial struggle and empowerment at the Ivy league school. Mario Moore, the artist behind the paintings, views his artwork as more than just decoration. By showcasing the university's workers, he wants to pay tribute to them and "put them in positions of power," he told CNN. Moore painted 10 workers at Princeton, including people in facilities, dining, grounds maintenance and security. He focused on African-Americans as his subjects and says he was inspired by the plight of migrant black families who have struggled for job opportunities and equal pay. Growing up in Detroit, he remembers his own father working blue-collar jobs to provide for him. "Mario's portraits capture beautifully the character and contributions of valued members of our campus community and bolster our broader efforts to ensure Princeton's portraiture and iconography reflect the University's values and diversity," said university spokesman Ben Chang. "We are excited to acquire some of Mario's works so they become a permanent part of the University's collection and can be appreciated by future generations." Moore, 32, was one of five Hodder Fellows at Princeton. After he completed the program in June, his paintings were displayed at the school's exhibition. The Princeton University Art Museum ... subsequently purchased a lot of his work.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In the depths of the ocean, and out of sight for most of us, there’s a quiet miracle happening. Many humpback whale populations, previously devastated by commercial whaling, are making a comeback. A recent study on humpbacks that breed off the coast of Brazil and call Antarctic waters home during the summer has shown that these whales can now be found in the sort of numbers seen before the days of whaling. In the 1830s there were around 27,000 whales but, after heavy hunting, by the mid-1950s only 450 remained. It is reassuring to see what happens when we leave nature to follow its course. The ban of commercial whaling in 1986 led to a strong recovery and now this population is thought to be around 93% of its original size. By taking away the threat of hunting, and having safe spaces to survive and thrive, humpback numbers in many areas have recovered. This is great news for the whales, of course, but also for the climate. Keeping carbon out of the atmosphere is key to tackling the climate crisis and the contribution that a single whale can make is something we need to take seriously. A single whale stores around 33 tonnes of CO2. If we consider only the Antarctic humpback whales that breed in Brazil, protecting this population alone has resulted in 813,780 tonnes of CO2 being stored in the deep sea. That’s around twice the yearly CO2 emissions of a small country. When a whale dies naturally, it exports carbon stored in its gigantic body to the deep sea, keeping it locked up for centuries.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
California-based Geoship has raised almost $400,000 from 583 investors in a crowdfunding campaign to create a new kind of housing: affordable, resilient, modular, green, and long-lasting. The inspiration is from Buckminster Fuller, architect and futurist who popularized the geodesic dome. The invention enabling it? Bioceramic, the same material used to coat hip and knee joint replacements. “When Buckminster Fuller was building domes in the sixties and seventies,” CEO Morgan Bierschenk [said], “he kind of guessed that it would be fifty to a hundred years until the right material sciences arrived to really produce geodesic domes.” Bierschenk thinks bioceramic is the right material. It’s a new type of chemically-bonded ceramic that forms strong molecular bonds like a polymer. Crucially, bioceramic has the same property that makes cement so useful: the ability to mix it into a slurry and pour it into a mold without using high heat. That makes it cheap (and green) to manufacture, while enabling it to be much stronger than concrete. The company’s first project is a permanent geodesic village for the homeless in Las Vegas. “The embodied energy calculations of conventional construction is ... somewhere between 80 and 300 tons of embodied CO2 in a typical wood house,” Bierschenk [said]. “ The embodied CO2 in a bioceramic dome is somewhere in the three to 10 ton range.” That’s around 30 times less carbon. The expected lifespan of the building [is] 500 years.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Maryland Gov. Larry Hogan is ... directing residents to stay home to avoid a larger outbreak of the coronavirus. Authorities have charged at least two people in recent days with violating bans on public gatherings of more than 10 people – an offense that could result in a year in jail, a $5,000 fine, or both. Hogan says arrest for coronavirus offense sends 'great message.' The governor’s declaration mirrors a struggle across the country to enforce a patchwork of new stay-at-home orders, social-distancing directives and quarantines. Some people have found themselves under arrest for violating coronavirus regulations. In Hawaii, violators of the stay-at-home order face some of the stiffest penalties on the books to date: fines of up to $5,000 and a year in jail. Police in Honolulu have issued dozens of citations and made at least two arrests. In Texas, Gov. Greg Abbott has [called] for visitors from heavily-infected states and cities to self-isolate for 14 days or risk 180 days in jail and a $1,000 fine. [In Florida] checkpoints have been set up on interstate highways. Violators could be fined up to $500, jailed up to 60 days, or both. Washington State ... residents are invited to complete online forms detailing suspected violations by local businesses operating when they should be closed. The state threatens violators with citations, suspension notices, revoked business licenses – even criminal charges. Some states that order out-of-staters to quarantine themselves for 14 days have drawn complaints from the American Civil Liberties Union for violating travelers' rights.
Note: Meanwhile in Sweden with no lockdown policies, no one is being arrested and the country has not spiraled out of control as predicted. Is it worth saving thousand of lives with these severe policies at the cost of hundreds of millions being plunged into poverty worldwide? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
The growing gap between America’s rich and everyone else is hardly new. But the extra-ordinarily rapid economic collapse catalyzed by COVID-19 has made the chasm deeper and wider. Since mid-March, more than 30 million people have filed for unemployment. Meanwhile, after a steep but brief dip in March, the stock market rallied. The richest and most well–connected are seeing their wealth reaccumulate, as if by magic, while middle- and working–class families drown in debt that deepens with every passing week. The contrast isn’t just between low-wage workers and billionaire bosses. Bills are mounting for small restaurants and retailers as their applications for the federal Paycheck Protection Program go unanswered. Small retailers closed to comply with social–distancing orders while e-commerce sales, especially from the biggest online platforms, have spiked. Assistance is most readily available to those with lawyers and lobbyists on the payroll. It’s not an exaggeration to say that inequality has the potential to undermine democratic society and threaten global stability. Only about 1 in 4 adults in lower-income households say they have enough money to cover expenses for three months in the case of an emergency. The majority of people laid off are working–class and disproportionately women and people of color. One lost job or missed rent payment threatens to tip them into an economic abyss. More businesses will fail, creating more unemployment and further diminishing consumer demand. About 12.7 million Americans have likely lost employer–provided health insurance since the pandemic began. The richest are steadily climbing ever higher while workers without stable jobs, incomes or savings are sent plummeting downward.
Note: Note that the financial ruin is not caused by the virus, but by the severe lockdown policies being implemented. These policies have no scientific basis. Meanwhile in Sweden with no lockdown policies, no one is being arrested, the country has not spiraled out of control as predicted, and the economy is fairing well. Is it worth saving thousand of lives with these severe policies at the cost of hundreds of millions being plunged into poverty worldwide? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
America’s billionaires saw their fortunes soar by $434 billion during the U.S. lockdown between mid-March and mid-May, according to a new report. Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg had the biggest gains, with Bezos adding $34.6 billion to his wealth and Zuckerberg adding $25 billion. The billionaire gains highlight how the coronavirus pandemic has rewarded the largest and most tech-focused companies, even as the economy and labor force grapples with the worst economic crisis in recent history. According to the report, the net worth of America’s billionaires grew 15% during the two-month period, to $3.382 trillion from $2.948 trillion. The biggest gains were at the top of the billionaire pyramid, with the richest five billionaires -- Bezos, Bill Gates, Zuckerberg, Warren Buffett, and Larry Ellison -- seeing combined wealth gains of $76 billion. Elon Musk had among the largest percentage gain of billionaires during the two months, seeing his net worth jump by 48% in the two months to $36 billion. Zuckerberg was close behind, seeing his wealth surge by 46% in the two months, to $80 billion. Bezos’ wealth increased by 31% to $147 billion. Because the study timeline captures the stock market bottom and quick rebound, it creates a slightly sunnier picture for billionaires than the full year. For the year, Buffett’s wealth has declined by $20 billion, according to the Bloomberg Billionaire’s Index, while Gates is down by $4.3 billion. For the year, Jeff Bezos has gained $35.5 billion while Zuckerberg is up by $9 billion.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus 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.