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.
For more than a decade, Robin Emmons felt helpless as her older brother lived on the streets, eating out of garbage cans. She tried repeatedly to get him help for his mental illness, but authorities told her there was nothing they could do. After he was arrested in 2008 for damaging someone's car during a schizophrenic outburst, she was finally able to become his legal guardian and get him into a halfway house with psychiatric services. But as she watched his mental health improve, she noticed his physical health getting worse. "I learned that he was becoming borderline diabetic," she said. "He wasn't like that even when he was homeless." She investigated and found out that the nonprofit facility was mainly feeding him packaged and canned foods because it couldn't afford fresh fruits and vegetables. "I had a small garden, so I thought, 'Well, I'll just put in some extra rows,' " Emmons said. "I began making weekly deliveries of whatever was coming up." She soon realized, however, that the problem extended well beyond her brother's transitional home. While farmers markets were springing up across the city, she noticed that low-income and working-class neighborhoods had few grocery stores or places to buy fresh produce. "If you don't live in an affluent part of the city ... your easiest options are the dollar menu or the convenience store attached to a gas station," said Emmons, 45. Today, Emmons has 200 volunteers helping her tend 9 acres of crops on three sites. Since 2008, she says, her nonprofit, Sow Much Good, has grown more than 26,000 pounds of fresh produce for underserved communities in Charlotte.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
A satanic group unveiled designs ... for a 7-foot-tall statue of Satan it wants to put at the Oklahoma state Capitol, where a Ten Commandments monument was placed in 2012. The New York-based Satanic Temple formally submitted its application to a panel that oversees the Capitol grounds, including an artist's rendering that depicts Satan as Baphomet, a goat-headed figure with horns, wings and a long beard that's often used as a symbol of the occult. In the rendering, Satan is sitting in a pentagram-adorned throne with smiling children next to him. "The monument has been designed to reflect the views of Satanists in Oklahoma City and beyond," temple spokesman Lucien Greaves said in a statement. "The statue will also have a functional purpose as a chair where people of all ages may sit on the lap of Satan for inspiration and contemplation." The Satanic Temple maintains that the Oklahoma Legislature's decision to authorize a privately funded Ten Commandments monument at the Capitol opened the door for its statue. The Ten Commandments monument was placed on the north steps of the building in 2012, and the Oklahoma chapter of the American Civil Liberties Union has sued to have it removed. Similar requests for monuments have been made by a Hindu leader in Nevada, an animal rights group and the satirical Church of the Flying Spaghetti Monster. In response, the Oklahoma Capitol Preservation Commission recently placed a moratorium on considering any new requests. "Anybody can still make their request, but we'll hold off on considering them until the lawsuit is adjudicated," commission Chairman Trait Thompson said.
Note: We include this article because so many people ignore the existence of the Satanists among us, some of whom have even had high rank in the U.S. military. Watch this video to hear U.S. army colonel Michael Aquino defend his being a satanist. If you are open to more, read this essay by a professor who exposed the destruction being caused by these groups.
Lots of people believe in extraterrestrial life forms, but not many can give specific details about what they look like and where they're living. But that's just what Paul Hellyer, the now-90-year-old former defense minister of Canada, did in his recent interview with Russia Today, claiming there are 80 different species of alien life, from places like Andromeda, Pleiades and Zeta Reticuli, and some look just like us. “There are about 80 different species and some of them look just like us and they could walk down the street and you wouldn’t know if you walked past one," said Hellyer. "They are what we call 'Nordic Blondes' and also the Tall Whites who were actually working with the U.S. air force in Nevada. They’re able to get away with that; they had a couple of their ladies dressed as nuns go into Las Vegas to shop and they weren’t detected. ... Then there’s the Short Greys as they are called, and they are the ones you see in most of the cartoons, they have very slim arms and legs, they are very short, just a little over 5 feet, and they have a great big head and great big brown eyes. But there are different species and you have to know ... that they all are different. If you saw the Short Greys, you’d certainly know there’s something up that you’ve never seen before, but if you saw one of the Nordic Blondes, you’d probably say, “I wonder if she’s from Denmark or somewhere.” But fear not: Hellyer said most of the aliens who have “been visiting our planet for thousands of years” are “benign and benevolent, and they do want to help us.”
Note: For more on UFOs and extraterrestrial visitors to earth, see our deeply revealing UFO Information Center available here.
On a night nearly 43 years ago, while Muhammad Ali and Joe Frazier bludgeoned each other over 15 rounds in a televised title bout viewed by millions around the world, burglars took a lock pick and a crowbar and broke into a Federal Bureau of Investigation office in a suburb of Philadelphia, making off with nearly every document inside. They were never caught, and the stolen documents that they mailed anonymously to newspaper reporters ... would become a flood of revelations about extensive spying and dirty-tricks operations by the F.B.I. against dissident groups. Perhaps the most damning document from the cache [was] a 1970 memorandum that ... urged agents to step up their interviews of antiwar activists and members of dissident student groups. “It will enhance the paranoia endemic in these circles and will further serve to get the point across there is an F.B.I. agent behind every mailbox.” Another document, signed by Hoover himself, revealed widespread F.B.I. surveillance of black student groups on college campuses. But the document that would have the biggest impact on reining in the F.B.I.’s domestic spying activities [included] a mysterious word: Cointelpro ... shorthand for Counterintelligence Program. Since 1956, the F.B.I. had carried out an expansive campaign to spy on civil rights leaders, political organizers and suspected Communists, and had tried to sow distrust among protest groups. Among the grim litany of revelations was a blackmail letter F.B.I. agents had sent anonymously to the Rev. Dr. Martin Luther King Jr., threatening to expose his extramarital affairs if he did not commit suicide. The intent of Cointelpro was to destroy lives and ruin reputations.
Note: To learn about the brave citizen burglars who have now revealed themselves and watch the engaging video covering this story, click on the link given above. For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.
The FBI gave its informants permission to break the law at least 5,658 times in a single year, according to newly disclosed documents that show just how often the nation's top law enforcement agency enlists criminals to help it battle crime. The U.S. Justice Department ordered the FBI to begin tracking crimes by its informants more than a decade ago, after the agency admitted that its agents had allowed Boston mobster James "Whitey" Bulger to operate a brutal crime ring in exchange for information about the Mafia. The FBI submits that tally to top Justice Department officials each year, but has never before made it public. Agents authorized 15 crimes a day, on average, including everything from buying and selling illegal drugs to bribing government officials and plotting robberies. FBI officials have said in the past that permitting their informants — who are often criminals themselves — to break the law is an indispensable, if sometimes distasteful, part of investigating criminal organizations. USA TODAY obtained a copy of the FBI's 2011 report under the Freedom of Information Act. The report does not spell out what types of crimes its agents authorized, or how serious they were. It also did not include any information about crimes the bureau's sources were known to have committed without the government's permission. Crimes authorized by the FBI almost certainly make up a tiny fraction of the total number of offenses committed by informants for local, state and federal agencies each year.
Note: As reported in this USA Today article, the DEA and ATF don't even track crimes committed by their informants. For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.
A federal agent who exposed the Justice Departments flawed gun-trafficking investigation known as Operation Fast and Furious says the FBI played a key role in events leading to the 2010 murder near Nogales, Ariz., of U.S. Border Patrol Agent Brian Terry. John Dodson, a special agent with the Bureau of Alcohol, Tobacco, Firearms and Explosives, contends that the bandits who killed Terry were working for FBI operatives and were sent to the border to do a drug rip-off using intelligence from the federal Drug Enforcement Administration. I dont think the (FBI) assets were part of the rip-off crew, Dodson said. I think they were directing the rip crew. Dodsons comments to The Arizona Republic amplify assertions he made in his recently released book, The Unarmed Truth, about his role as a whistle-blower in the Fast and Furious debacle. In his book, Dodson uses cautious language to characterize his account of circumstances surrounding Terrys death, saying the information is based on firsthand knowledge, personal opinion and press reports. He asserts that the DEA had information about, and may have orchestrated, a large drug shipment through Peck Canyon that December night. He alleges that DEA agents shared that intelligence with FBI counterparts, who advised criminal informants from another cartel that the load would be theirs for the taking. Stealing such a shipment would increase the clout of the FBI informants in the cartel organization they had penetrated, Dodson wrote, and thus lead to better intel for them in the future.
Note: For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.
Sigurdur "Siggi" Thordarson, [is a] cherubic, blond 21-year-old who has been called everything in the [Icelandic] press from "attention seeker" to "traitor" to "psychopath". Four years ago, just as WikiLeaks was winning international notoriety, the then-17-year-old hacking prodigy became Assange's youngest and most trusted sidekick. But as Assange became more embattled and besieged, the protégé turned on his mentor in the most shocking of ways: becoming the first FBI informant inside the group. His tale reveals not only the paranoia and strife within WikiLeaks, but just how far the feds were willing to go to get Assange. The revelation of Siggi's role as an FBI snitch has polarized WikiLeaks insiders. WikiLeaks spokesman Kristinn Hrafnsson [dismissed] Siggi as "a pathological liar." While other WikiLeaks insiders also question Siggi's credibility, they insist that his story can't be discounted, and there's more to it than the organization is letting on. The truth, it seems, may be held in the leaks. Siggi has provided Rolling Stone with more than a terabyte of secret files he claims to have taken from WikiLeaks before he left in November 2011 and gave to the FBI: thousands of pages of chat logs, videos, tapped phone calls, government documents and more than a few bombshells from the organization's most heated years. Whatever their origins, the SiggiLeaks are a deep and revealing portal into one of the most guarded and influential organizations of the 21st century – and the extreme measures its embattled leader is willing to take.
Note: For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.
After a tumultuous year at the war-on-terror detention center in Guantanamo Bay, Cuba, where the U.S. military's motto is "Safe, Humane, Legal, Transparent," operations are cloaked in secrecy. The prison approaches the start of its 13th year next week with a new reclusive regime that no longer discloses what was once routinely released information. The daily tally of hunger striking detainees — the protest that engulfed more than 100 prisoners at its peak this summer — stopped in December. Guards and other prison camp troops are under orders to withhold their names when talking to reporters. On the witness stand in the war court recently, a lawyer in the uniform of an Air Force officer gave sworn testimony under a curious, unexplained fake name — "Major Krueger." Guantanamo is remote, and what is happening there in this new era has mostly gone unnoticed. The government controls access to everything pertaining to Guantanamo. Journalists have to get the military's permission to go there, navigate censorship of their pictures, wait 40 seconds to hear what happens in court and then wait weeks to see court filings. The current crackdown on information can range from the mildly curious to the outright comedic. At times it seems to signify a gratuitous use of power by troops on rotation with sudden power to [wield] a censor's scissors. At times, it suggests a government bureaucracy whose default is knee-jerk secrecy.
Note: For more on government secrecy, see the deeply revealing reports from reliable major media sources available here.
To many Americans, the war on poverty declared 50 years ago by President Lyndon B. Johnson has largely failed. The poverty rate has fallen only to 15 percent from 19 percent in two generations, and 46 million Americans live in households where the government considers their income scarcely adequate. Half a century after Mr. Johnson’s now-famed State of the Union address, the debate over the government’s role in creating opportunity and ending deprivation has flared anew, with inequality as acute as it was in the Roaring Twenties and the ranks of the poor and near-poor at record highs. High rates of poverty ... have remained a remarkably persistent feature of American society. About four in 10 black children live in poverty; for Hispanic children, that figure is about three in 10. According to one recent study, as of mid-2011, in any given month, 1.7 million households were living on cash income of less than $2 a person a day, with the prevalence of the kind of deep poverty commonly associated with developing nations increasing since the mid-1990s. The 1996 Clinton-era welfare overhaul drastically cut the cash assistance available to needy families, often ones headed by single mothers. Over the last 30 years, growth has generally failed to translate into income gains for workers — even as the American labor force has become better educated and more skilled.
Note: For more on income inequality, see the deeply revealing reports from reliable major media sources available here.
Fifty years ago, ... more than 42 percent of U.S. adults smoked, and there was a good chance your doctor was among them. The turning point came on Jan. 11, 1964 [when] U.S. Surgeon General Luther Terry released an emphatic and authoritative report that said smoking causes illness and death — and the government should do something about it. The report’s bottom-line message was hardly revolutionary. Since 1950, head-turning studies that found higher rates of lung cancer in heavy smokers had been appearing in medical journals. A widely read article in Reader’s Digest in 1952, “Cancer by the Carton,” contributed to the largest drop in cigarette consumption since the Depression. In 1954, the American Cancer Society announced that smokers had a higher cancer risk. But the tobacco industry fought back. Manufacturers came out with cigarettes with filters that they claimed would trap toxins before they settled into smokers’ lungs. And in 1954, they placed a full-page ad in hundreds of newspapers in which they argued that research linking their products and cancer was inconclusive. It was a brilliant counter-offensive that left physicians and the public unsure how dangerous smoking really was. Cigarette sales rebounded. In the decades that followed, warning labels were put on cigarette packs, cigarette commercials were banned, taxes were raised and new restrictions were placed on where people could light up. While the U.S. smoking rate has fallen by more than half to 18 percent, that still translates to more than 43 million smokers. Smoking is still far and away the leading preventable cause of death in the U.S.
Note: For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.
[Many questions] have dogged the [CIA] for years. This secret body [is] known to have overthrown governments and installed others, raised armies, staged an invasion of Cuba, spied and counterspied, established airlines, radio stations and schools. Was it in fact damaging, while it sought to advance, the national interest? Former President Truman, whose administration established the CIA in 1947, said In 1963 that by then he saw "something about the way the CIA has been functioning that is casting a shadow over our historic positions." President Kennedy, as the enormity of the Bay of Pigs disaster came home to him, said to one of the highest officials of his administration that he wanted "to splinter the CIA in a thousand pieces and scatter it to the winds." In the 19 years that the CIA has been in existence, 150 resolutions for tighter congressional control have been introduced - and put aside. Few persons in or out of the American Government know much about its work, its organization, its supervision or its relationship to the other arms of the executive branch. In 1960, CIA agents in Laos, disguised as "military advisers," stuffed ballot boxes and engineered local uprisings to help a hand-picked strongman ... set up a "pro-American" government. It was the CIA that built up Ngo Dinh Diem as the pro-American head of South Vietnam after the French ... had found him in a monastery cell in Belgium and brought him back to Saigon as Premier. The revelation that CIA agents served among Michigan State University scholars in South Vietnam from 1955 to 1959 has contributed to the fear [of infiltration of universities].
Note: For a longer, even more revealing summary of this very lengthy article, click here. To see a full copy of this article, click here. For more on the secret and illegal activities of major intelligence agencies, see the deeply revealing reports from reliable major media sources available here.
It may seem strange to greet with relief a book [A Long Way Gone: Memoirs of a Boy Soldier] that chronicles the brutal life of a former child soldier, but given what our society considers printworthy, it is refreshing that the memories and reflections of 26-year-old Ishmael Beah receive attention. Beah was born in 1980 in rural Sierra Leone. "The only wars I knew about," Beah writes, "were those that I had read about in books or seen in movies such as Rambo: First Blood, and the neighbouring Liberia that I had heard about on the BBC news." But Beah was to find out about war in the worst way. In 1991, when he was 11, his country descended into a brutal and chaotic civil war between Foday Sankoh's Revolutionary United Front (RUF) and the largely ineffective and corrupt Action Peoples Congress (APC). At the centre of the conflict were issues of representation and control over Sierra Leone's diamonds. The conflict was to last through most of the 1990s and, in common with the civil war in Liberia, became intimately linked with the use of child soldiers. According to the United Nations, there are 300,000, if not more, child soldiers around the world. The majority of these children - some as young as six - live and fight in sub-Saharan Africa, and their plight has largely been ignored by the west. Beah's book stands as a vivid testament to his time as one of the nameless and faceless 300,000. After fleeing from rebels who sacked his village, getting separated from his older brother and friends, surviving alone in the forest and evading execution, Beah - at 12 - was inducted into a government corps of boy soldiers. Beah's life became a series of violent spells where killing was "as easy as drinking water".
Note: For more on the ravages of modern war, see the deeply revealing reports from reliable major media sources available here.
The British drug maker GlaxoSmithKline will no longer pay doctors to promote its products and will stop tying compensation of sales representatives to the number of prescriptions doctors write, its chief executive said ..., effectively ending two common industry practices that critics have long assailed as troublesome conflicts of interest. The announcement appears to be a first for a major drug company — although others may be considering similar moves — and it comes at a particularly sensitive time for Glaxo. It is the subject of a bribery investigation in China, where authorities contend the company funneled illegal payments to doctors and government officials in an effort to lift drug sales. For decades, pharmaceutical companies have paid doctors to speak on their behalf at conferences and other meetings of medical professionals, on the assumption that the doctors are most likely to value the advice of trusted peers. But the practice has also been criticized by those who question whether it unduly influences the information doctors give each other and can lead them to prescribe drugs inappropriately to patients. Under the plan, which Glaxo said would be completed worldwide by 2016, the company will no longer pay health care professionals to speak on its behalf about its products or the diseases they treat “to audiences who can prescribe or influence prescribing.” It will also stop providing financial support directly to doctors to attend medical conferences, a practice that is prohibited in the United States through an industry-imposed ethics code but that still occurs in other countries.
Note: For more on this, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
[Nyla] Rodgers discovered that her mother had lifted an entire village by giving $1,500 to 10 women to start an entrepreneurial collective. Rodgers knew right then that she would dedicate her life to picking up where her mother left off. Rodgers spent hours talking with Kenyan elders about the needs of Kisumu, and came back to the United States determined to get them the running water, health clinics and schools they asked for. She wrote a letter to everyone she knew, and collected $30,000 to build a clinic in her mother's name. Two years later, in 2009, she started a nonprofit, Mama Hope, with the motto "Stop the Pity." She structured Mama Hope along a "Batman model," where the hero is unknown. Once she finds out what a certain neighborhood needs, she flies home, gets on the computer, puts on the gala cocktail dress and drums up the money. Then she sends it to an African nonprofit that manages the project, using all locally supplied materials and labor. She shows up with Mama Hope members and helps build the hospital, school or poultry farm. "People think we are just really nice volunteers," she said. "And that's how it should be. It's not about us; we are catalysts, we don't need applause and cheers." Since then, Mama Hope (www.mamahope.org) has completed 34 projects in Ghana, Kenya, Uganda and Tanzania that benefit 150,000 people, everything from installing drip irrigation to building schools and bringing water into people's homes that they can access with faucets.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
For 21 years, Georges Bwelle watched his ill father slip in and out of consciousness, traveling to hospitals that weren't equipped to help him. In Cameroon, there is only one doctor for every 5,000 people, according to the World Health Organization. And even if they could see a physician, many Cameroonians couldn't afford it. Two out of five people in the country live below the poverty line, and nearly three-quarters of the country's health-care spending is private. Seeing his father and so many of his countrymen suffer, Bwelle was determined to do something about it. He became a doctor himself, working as a vascular surgeon in Yaounde's Central Hospital. And he started a nonprofit, ASCOVIME, that travels into rural areas on weekends to provide free medical care. Since 2008, he and his group of volunteers have helped nearly 32,000 people. Almost every Friday, he and up to 30 people jam into vans, tie medical supplies to the roofs and travel across rough terrain to visit villages in need. "We are receiving 500 people in each trip," Bwelle said. "They are coming from 60 kilometers (37 miles) around the village, and they're coming on foot." Each of these weekend clinics provides a variety of medical care. Many people are treated for malaria, tuberculosis, malnutrition, diabetes, parasites and sexually transmitted diseases. Others might receive crutches, a pair of donated eyeglasses or free birth certificates -- documentation that's required for school but that many impoverished families simply can't afford. In the evenings, the team will do simple surgeries with local anesthesia.
Note: For more on this inspiring man and how you can help his great cause, click here. For a treasure trove of great news articles which will inspire you to make a difference, click here.
Every time 70-year-old Andy Mackie draws a breath, it's music to his ears - whether there's a harmonica there or not. Mackie's just glad to be alive. Mackie jokes, "I guess they don't need a harmonica player in heaven yet." Mackie, a Scottish-born retired horse trainer, lives in a camper in northwest Washington state - he lives there, even though technically -- medically -- he should have died long ago. After his ninth heart surgery, Mackie's doctors had him on 15 different medicines. But the side effects made life miserable. So one day he quit taking all 15 and decided to spend his final days doing something he always wanted to do. He used the money he would have spent on the prescriptions to give away 300 harmonicas, with lessons included. "I really thought it was the last thing I could ever do," he says. And when he didn't die the next month, he bought a few hundred more. Harmonicas in hand, he explains, "I just started going from school to school." It's now 11 years and 13,000 harmonicas later. Today there's nary a kid in the county who hasn't gotten a free harmonica from Mackie, or played one of his strum sticks. To keep the kids interested in music as they get older, Mackie now spends the bulk of his Social Security check making them beginner string instruments. He also buys store-made instruments for kids that show a special interest. He provides free lessons to everyone by getting the older kids to teach the younger kids. Mackie says, "I tell them music is a gift, you give it away - you give it away and you get to keep it forever." The end result is something truly unique to his corner of Washington. It seems everywhere you look, everyplace you go, every kid you meet has the same genuine passion for fiddle music.
Note: Don't miss the inspiring video of this story at the link above. For a treasure trove of great news articles which will inspire you to make a difference, click here.
Under pressure from consumers and activist groups, General Mills says it will stop using genetically modified ingredients to make its original Cheerios cereal. While the oats used to make Cheerios have never contained any genetically modified organisms (GMOs), the company did make changes to its sourcing — and now, for example, only uses non-GMO pure cane sugar instead of beet sugar, says spokesman Mike Siemienas. The move is being hailed by anti-GMO activist groups as a major victory. It comes at a time activists have been increasingly pressuring American food makers to remove GMOs from all foods — or, at the very least, label all foods that do contain GMOs. Last year, Whole Foods became the first national grocery chain to require all of its suppliers to label all products that contain GMOs by 2018. In the past year, Chipotle announced plans to phase out GMOs and Kashi is also is taking action to phase out GMOs. "This is a big deal," says Todd Larsen, corporate responsibility director at Green America, a green economy activist group. "Cheerios is an iconic brand and one of the leading breakfast cereals in the U.S." What's more, he adds, "We don't know of any other example of such a major brand of packaged food, eaten by so many Americans, going from being GMO to non-GMO. " One year ago, the group used social media efforts to rally consumers to pressure General Mills to make Cheerios without GMOs. Cheerios was picked, in part, because it's one of the first foods given to many toddlers.
Note: For more on the health risks of GMO foods, see the deeply revealing reports from reliable major media sources available here.
France's constitutional council has given President Francois Hollande the green light to introduce a 75 per cent tax rate taking aim at the super rich. Under the new plan, which the French council found constitutional, companies will have to pay 50 per cent tax on all salaries exceeding one million euros, or the equivalent of approximately Ł833, 000. Including social contributions, the rate will effectively stand at 75 per cent, although the total amount will be capped at 5 per cent of a company's turnover. The levy is set to affect income earned this year and in 2014. The 'millionaire tax' could affect more than 450 companies and several football clubs, and could raise more than 200 million euros on an annual basis. The super tax, a flagship pledge in Hollande's political manifesto, has infuriated business leaders, high earners and celebrities. President Hollande, who once admitted that he dislikes the rich and has been accused of taking an anti-business stance, has fired back at critics insisting that high earners should do more to boost the country's public finances. But the super tax has sparked fears of a mass exodus of businesses, bankers and celebrities. Last year, Prime Minister David Cameron said he would "roll out the red carpet" and "welcome more French businesses to Britain" if Hollande raised taxes on the wealthy.
Note: A New York Times article shows that the tax rate for those earning over $8 million per year in the U.S. dropped from 41% in 1995 to 31.5% in 2005. For more on income inequality, see the deeply revealing reports from reliable major media sources available here.
The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals. The aggregate net worth of the world’s top billionaires stood at $3.7 trillion at the market close on Dec. 31. The biggest gains came in the technology industry, which soared 28 percent during the year. Bill Gates, the founder and chairman of Redmond, Washington-based Microsoft Corp., was the year’s biggest gainer. The 58-year-old tycoon’s fortune increased by $15.8 billion to $78.5 billion, according to the index, as shares of Microsoft, the world’s largest software maker, rose 40 percent. Gates recaptured the title of world’s richest person on May 16 from Mexican investor Carlos Slim. Slim lost $1.4 billion during 2013. His America Movil SAB, the largest mobile-phone operator in the Americas, dropped 12 percent in the first three months of the year after Mexico’s Congress passed a bill to quash the billionaire’s market dominance. Sheldon Adelson, founder of Las Vegas Sands Corp., the world’s largest casino company, was the second-biggest gainer in 2013, adding $14.4 billion to his net worth as the company’s shares rose 71 percent.
Note: For more on income inequality, see the deeply revealing reports from reliable major media sources available here.
It’s well known by now that income and wealth inequality in most rich countries, especially the United States, have soared in recent decades and, tragically, worsened even more since the Great Recession. But what about the rest of the world? New research by a World Bank economist named Branko Milanovic, along with other scholars, points the way to some answers. Overall equality across humanity, considered as individuals, has improved very little. So while nations in Asia, the Middle East and Latin America, as a whole, might be catching up with the West, the poor everywhere are left behind, even in places like China where they’ve benefited somewhat from rising living standards. From 1988 to 2008, Mr. Milanovic found, people in the world’s top 1 percent saw their incomes increase by 60 percent, while those in the bottom 5 percent had no change in their income. And while median incomes have greatly improved in recent decades, there are still enormous imbalances: 8 percent of humanity takes home 50 percent of global income; the top 1 percent alone takes home 15 percent. The United States provides a particularly grim example for the world. And because, in so many ways, America often “leads the world,” if others follow America’s example, it does not portend well for the future. Last year, the top 1 percent of Americans took home 22 percent of the nation’s income; the top 0.1 percent, 11 percent. Ninety-five percent of all income gains since 2009 have gone to the top 1 percent.
Note: For more on income inequality, see the deeply revealing reports from reliable major media sources available here.
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.