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Revealing News For a Better World

Income Inequality News Articles
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Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.


Critiques of Gates Foundation's agricultural interventions in Africa
2024-09-04, US Right to Know
https://usrtk.org/bill-gates/critiques-of-gates-foundation/

The Gates Foundation is a major influencer and funder of agricultural development in Africa, yet there are no avenues to hold the foundation accountable to the communities it influences. Gates Foundation is the main funder of the controversial AGRA program. AGRA rebranded after evidence-based critiques showed that its 15-year effort to expand high-input, chemical-dependent monoculture farming in Africa has failed to provide food security, despite billions in funding from private donors and government subsidies. Critics say the "green revolution" approach is exacerbating hunger, worsening inequality and entrenching the power of outside corporate agribusiness interests in the hungriest regions of the world. AGRA works to transition farmers away from traditional seeds and crops to patented seeds, fossil-fuel based fertilizers and other inputs to grow commodity crops for the global market. The strategy is modeled on the Indian "green revolution" that boosted production of staple crops but also left a legacy of structural inequity and escalating debt for farmers. Evidence suggests that the green revolution has failed to improve health or reduce poverty and has created many problems. These include hooking farmers in a debt cycle with expensive inputs, growing pesticide use, environmental degradation, worsening soil quality, reduced diversity of food crops, and increased corporate control over food systems.

Note: 50 food sovereignty organizations wrote an open letter to Bill Gates on how the Green Revolution has failed to reduce hunger or increase food access as promised. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and income inequality from reliable major media sources.


Your food is more expensive – are US corporate profits to blame?
2024-07-26, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/environment/article/2024/jul/26/food-price-inflat...

While you may be feeling the pain from high prices at restaurants and supermarkets, many companies making and selling the products are doing remarkably well. Most have seen their profits jump as they continue raising prices on customers. Some companies say they have no choice but to pass inflationary pain on to consumers. Others, however, acknowledge they are exploiting the inflationary atmosphere to raise prices, or to shrink product sizes. Meanwhile, companies spent billions rewarding investors with stock buybacks. Menu and grocery store prices may remain elevated. In earnings calls, executives detail plans to maintain high prices even as some costs are falling. The companies' net profits are up by a median of 51% since just prior to the pandemic, and in one case as much as 950%. The average American worker has not fared as well: wages are only up 5% since inflation's peak. For the lowest earners, food price increases during the last two years are outpacing wage gains by over 340%. Kroger's CEO told investors in June 2022, "a little bit of inflation is always good for our business", while Hostess's CEO said rising prices across the economy "helps" it profit because they can raise prices to levels that exceed their increased costs. Food prices have increased more than most other industries, federal data shows. While prices in the economy overall have risen by around 16% since mid-2022, families are now paying 19% more for food.

Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and income inequality from reliable major media sources.


Wall Street Is Buying Up Entire Neighborhoods
2024-05-15, Jacobin
https://jacobin.com/2024/05/single-family-homes-rentals-wall-street

As Wall Street buys up entire neighborhood blocks, driving up corporate purchases of single-family homes to historic highs, housing advocates warn companies ... are harming their tenants and pricing out would-be homebuyers. Now policymakers in states across the country and Washington, DC, are finally beginning to push back – but they're facing the might of a powerful new single-family rental lobby. Driven by the pandemic-era real estate boom, corporate landlords are ramping up their purchases of assets like apartment buildings and mobile home communities nationwide. They're especially active in fast-growing Sun Belt markets like Phoenix and Atlanta, where more than a third of homes on the market are now being purchased by private equity firms like Blackstone or dedicated single-family rental companies. Even Amazon founder Jeff Bezos has entered the single-family housing market. Critics say that such companies' encroaching presence in the housing market and their focus on short-term profits are pricing out first-time homebuyers and gentrifying neighborhoods, contributing to an ongoing housing crisis. A 2022 study by federal lawmakers found that five major rental companies hiked their fees by 40 percent over a three-year period and saw their tenants fall behind in rent. In California, the state's largest corporate landlord, Invitation Homes, was forced to pay $2 million in sanctions after the state attorney general found it was charging tenants illegally high rents.

Note: Read about the shadowy global interests buying up land all over the US. For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption and income inequality from reliable major media sources.


How companies made $100m clearing California homeless camps
2024-04-16, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/us-news/2024/apr/16/us-homeless-encampments-compa...

On an October morning, a small army arrived to evict Rudy Ortega from his home in the Crash Zone, an encampment located near the end of the airport runway in San Jose, California. The camp, one of the largest in California, was cleared between 2021 and 2023 in part by a private company named Tucker Construction. Public spending on private sweep contractors is soaring across California. In total, private firms have been paid at least $100m to clear homeless camps, an investigation by the Guardian and Type Investigations has found. Pete White, the founder of the Los Angeles Community Action Network ... says he's observed a steady increase in the privatization of sweeps in recent years. "The growth of a private industry geared towards removing and dismantling informal settlements and houseless encampments has grown steadily in Los Angeles and across the country," said White. "Not only are we seeing a growth in the loss of property, but also the loss of rights." Firms vying for contracts to sweep encampments in California include mid-size construction companies that also do home renovations, as well as large environmental services firms that specialize in cleaning up hazardous waste and responding to public emergencies. A study of the health impacts of sweeps where the Crash Zone is located found that unhoused residents often lost medicines and other "health necessities" and that sweeps "drove unhoused people into hazardous, isolated, less visible spaces". As well as the loss of their homes, they allege the destruction of belongings that rules are meant to protect.

Note: Read more about the unprecedented rise in food costs that are leaving millions of Americans facing higher prices and growing food insecurity. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world from reliable major media sources.


How Wealthy Corporations Use Investment Agreements to Extract Millions From Developing Countries
2024-01-25, ScheerPost
https://scheerpost.com/2024/01/25/how-wealthy-corporations-use-investment-agr...

When Rafael Correa entered Ecuador's presidency in 2007, the nation faced an opportunity and a challenge. Ecuador's economy depended on oil, and global crude prices were near a record high. Much of the oil was extracted by foreign companies ... as prices surged more wealth began flowing overseas. Soon after taking office, Correa increased a recently enacted windfall tax on oil companies. The idea was to use the tax as leverage to extract better terms from the companies. Within months, two oil companies working as partners–the independent Anglo-French firm Perenco and Burlington Resources, a subsidiary of ConocoPhillips–ceased paying the tax and sued the government through a system of international tribunals known as investor state dispute settlements, or ISDS. The system allows foreign investors to sue governments before tribunals outside the jurisdiction of national courts. Perenco and Burlington [convinced] arbitrators in two separate tribunals to award the companies more than $800 million. Critics say the ISDS system gives corporations an exclusive, parallel justice system that elevates foreign interests above human rights and environmental concerns. The vast majority of cases have been brought by companies based in North America or Europe against governments in Latin America, Africa and Asia, prompting many critics to liken the ISDS system to a form of market-based colonialism that continues to extract wealth from the Global South.

Note: According to the analysis in the article, fossil fuel companies and investors filed one in five of 1,720 claims since the 1970s, and "have been awarded at least $82.8 billion in compensation from governments." For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and income inequality from reliable major media sources.


Society has never produced so much food, yet we live in a world where only the rich get to be healthy
2023-02-15, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/commentisfree/2023/feb/16/society-has-never-produ...

According to the World Health Organization definition, 1.9 billion adults are considered overweight. Of these, more than 650 million people are classified as obese. In Australia, health authorities suggest being overweight is more dangerous to us than alcohol, and only second in "preventable health risk" to smoking. ABS health data claims 67% of Australian adults are overweight, an increase on 63.4% a decade ago. Last year, Australia's former conservative government released a "National Obesity Strategy", concerned Australia was facing health risks of cardiovascular disease, type 2 diabetes, and cancers. That government did recognise weight is influenced by complex "social, environmental, and economic factors", but their framework of encouraging "healthy choices" as a remedy unhelpfully individualises a collective problem. First, shaming individuals into weight loss doesn't work. 95% of weight loss attempts fail. Two-thirds of dieters regain the weight they lose. Second, the structural giveaway here is an admission that the poorest "experience the greatest burden of disease linked to excess weight". Our societies have never produced so much food, yet we live in a capitalist perversion where fresh, healthy food – and the time to prepare it – are priced as a luxury, while highly processed items are inexpensive, easy and aggressively mass-marketed. It's not a failure of collective willpower that's jeopardising our health, but a diet of bad food that's culturally familiar, low in nutrition and super available.

Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.


How the richest shield themselves from danger – at our expense
2022-10-26, Washington Post
https://www.washingtonpost.com/outlook/2022/10/26/survival-richest-review-rus...

Douglas Rushkoff's new book, "Survival of the Richest: Escape Fantasies of the Tech Billionaires," opens with a surreal scene: For a fee equal to one-third of his annual salary as a professor, Rushkoff flies to a luxurious resort to advise five ultrawealthy men on how to survive the collapse of civilization. More terrifying than the men's Hollywood-derived nightmares is their naive and profoundly antisocial response: They'd rather optimize their bunkers than work to avert the apocalypse. While few have the means to indulge dystopian fantasies so lavishly, the men are an extreme instance of a broader trend. Bunker sales in America are soaring, and the market now caters to a range of income levels, from $40,000 starter bunkers to a nearly $10 million Luxury Series "Aristocrat" that offers a pool and a bowling lane. Many people now seem fixated on stockpiling enough money to protect themselves from the rest of the world, rather than considering the sort of world they are creating by making money in these ways. Rushkoff ... calls this dynamic the "Insulation Equation." Anyone who asks some version of the question – can I earn enough money doing X to insulate myself from the effects of doing X – is considering the Insulation Equation. The Insulation Equation is a provocative and illuminating concept, and Rushkoff devotes much of the book to tracing the manifestations and origins of a mind-set that seduces people into believing they can insulate themselves from harms they help create.

Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.


Another Housing Crisis Ahead? New Book, 'Homewreckers,' Says It Could Happen
2019-10-15, San Francisco Chronicle (San Francisco's leading newspaper)
https://www.sfgate.com/realestate/article/Another-Housing-Crisis-Ahead-New-Bo...

More than 10 years after the housing crash that devastated the economy, people are still debating just what happened. Although the economy and the housing market have made a comeback, homeownership remains low. Aaron Glantz, a prize-winning investigative journalist ... set out to explain why, in "Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream." Eight million Americans lost their homes in the bust. Where did those homes go? Those houses didn’t just disappear. Who won, when everyone else lost? The people who won - a small group of businessmen who pounced to seize thousands of homes and made billions of dollars - they’re the “homewreckers.” But even though the housing bust is over, the nation’s homeownership rate is at its lowest in 50 years, and continues to go down. It helps explain why people feel so uneasy. As long as the unemployment rate is low and people have jobs and they can afford rents, the financial market is secure. If people lose their jobs, what’s going to happen? We could be back in another housing bust. Right now there’s a real crisis of affordability. People think we don’t have enough inventory because we haven’t built enough houses. Only 10 years ago, our country was awash in real estate. We have to ask ourselves if we really have a housing shortage, or if we have rigged the market so it only benefits a few of the players.

Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.


'This is about saving capitalism': the Dutch historian who savaged Davos elite
2019-02-01, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/business/2019/feb/01/rutger-bregman-world-economi...

Rutger Bregman had not really intended to stick it to the global elite. But when the Dutch historian decided to go off-piste at the World Economic Forum and tell the assembled billionaires they should stop avoiding paying tax, he became an overnight social media sensation. “It’s been a crazy week and just for stating the obvious,” said Bregman, when asked about a panel discussion at the WEF last month in which he said the issue was “taxes, taxes, taxes, and all the rest is bullshit in my opinion”. Bregman had not been to Davos before. He was invited on the basis of the book Utopia for Realists, which argued for a basic income and a shorter working week. But he grew more irritated as the week wore on. He was surprised and maddened by the pushback when he mentioned tax. As a result, Bregman decided to change his plan for a panel on inequality. What Bregman said, put simply, was the Davos emperors have no clothes. They talk a lot about how something must be done about inequality and the need to address social unrest, but cavil at the idea they might be a big part of the problem. He told his audience that people in Davos talked about participation, justice, equality and transparency, but “nobody raises the issue of tax avoidance and the rich not paying their share. It is like going to a firefighters’ conference and not talking about water.” As a historian, Bregman noted the most successful period for capitalism occurred in the years after the second world war, when the top rate of tax in the US was above 90%.

Note: This historian later confronted Tucker Carlson of Fox News, who had a few choice dirty words for him. For more along these lines, see concise summaries of deeply revealing news articles on income inequality and corporate corruption.


'The level of sneakiness with Americans hiding money abroad is staggering'
2022-07-22, Yahoo News
https://finance.yahoo.com/news/patrick-radden-keefe-americans-hiding-money-ab...

Whether dodging taxes or legal peril, wealthy Americans often succeed in concealing assets from the government by hiding their money in offshore bank accounts. Research from the IRS and a group of economists last year found that the top 1% of earners in the U.S. neglect to report 20% of their income – and that random audits almost never detect offshore accounts. Tax havens like Switzerland or the Cayman Islands have traditionally offered Americans a place to hide their assets because they fiercely guard financial privacy and have minimal to no taxes. Often, they also have laws that inhibit scrutiny from foreign tax officials. Prior to his latest book, [author Patrick Radden] Keefe published "Empire of Pain," which chronicled the billionaire Sackler family's connection to the nation's opioid epidemic. The Sacklers, the notorious family that owned the now bankrupt Purdue Pharma, reportedly have much of their wealth hidden in offshore accounts. An audit commissioned by Purdue showed the family withdrew more than $10 billion from their company during the opioid crisis, CNN reported in October 2020. They began drawing especially large amounts of money from the firm after paying $600 million in a 2007 plea deal with the Justice Department for misleading physicians and consumers about the opioid OxyContin, CNN reported. "The kind of sophistication of the whole industry of financial dissimulation ... such that nobody can put their hands on the money, is really interesting." Keefe told Yahoo Finance.

Note: A 2015 Guardian newspaper article further describes how the US helps the super-rich hide assets. For more along these lines, see concise summaries of financial industry corruption news articles from reliable major media sources.


Wage gap between CEOs and US workers jumped to 670-to-1 last year, study finds
2022-06-07, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/us-news/2022/jun/07/us-wage-gap-ceos-workers-inst...

The wage gap between chief executives and workers at some of the US companies with the lowest-paid staff grew even wider last year, with CEOs making an average of $10.6m, while the median worker received $23,968. A study of 300 top US companies released by the Institute for Policy Studies (IPS) on Tuesday found the average gap between CEO and median worker pay jumped to 670-to-1. The ratio was up from 604-to-1 in 2020. Forty-nine firms had ratios above 1,000-to-1. At more than a third of the companies surveyed, IPS found that median worker pay did not keep pace with inflation. The report ... comes amid a wave of unionization efforts among low wage workers and growing scrutiny of the huge share buyback programs many corporations have been using to inflate their share prices. US companies announced plans to buy back more than $300bn of their own shares in the first quarter of the year and Goldman Sachs has estimated that buybacks could top $1tn in 2022. Share-related remuneration makes up the largest portion of senior executive compensation and as buybacks generally boost a company's share price, they also boost executive pay. The biggest buyback firm was home improvement chain Lowe's, which spent $13bn on share repurchases. That money could have given each of its 325,000 employees a $40,000 raise. Instead, median pay at the company fell 7.6% to $22,697. IPS noted that many of the companies in its sample were also the recipients of large federal government contracts.

Note: For more along these lines, see concise summaries of deeply revealing news articles on the corporate corruption and income inequality from reliable major media sources.


Richest 25 Americans reportedly paid ‘true tax rate' of 3.4% as wealth rocketed
2021-06-08, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/business/2021/jun/08/richest-25-americans-jeff-be...

The 25 richest Americans, including Jeff Bezos, Warren Buffett and Elon Musk, paid a "true tax rate" of just 3.4% between 2014 and 2018, according to an investigation by ProPublica, despite their collective net worth rising by more than $400bn in the same period. The report by the non-profit news organization exposes the US tax system as income and wealth inequality continues to widen. ProPublica used Internal Revenue Service data to dive into the tax returns of some of America's wealthiest and most prominent people. It found that in 2007 Bezos, the founder of Amazon and already a billionaire, paid no federal taxes. In 2011, when he had a net worth of $18bn, he was again able to pay no federal taxes – and even received a $4,000 tax credit for his children. ProPublica created what it called a "true tax rate" for the wealthiest 25 Americans by comparing federal income tax paid between 2014 and 2018 to how their net worth increased on Forbes' well-regarded rich list over the same period. "The results are stark," ProPublica wrote. "According to Forbes, those 25 people saw their worth rise a collective $401bn from 2014 to 2018. "They paid a total of $13.6bn in federal income taxes in those five years, the IRS data shows. That's a staggering sum, but it amounts to a true tax rate of only 3.4%." By contrast, the median American household paid 14% in federal taxes. The top income tax rate is 37% on incomes over $523,600 for single filers.

Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.


The US should break up monopolies – not punish working Americans for rising prices
2023-01-08, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/commentisfree/2023/jan/08/us-monopolies-inflation...

Job growth and wages are slowing. This is music to the ears of Federal Reserve chair Jerome Powell, because the Fed blames inflation on rising wages. The Fed has been increasing interest rates to slow the economy and thereby reduce the bargaining power of workers to get wage gains. But aren't higher wages a good thing? The typical American worker's wage has been stuck in the mud for four decades. Most of the gains from a more productive economy have been going to the top – to executives and investors. The richest 10% of Americans now own more than 90% of the value of shares of stock owned by Americans. Powell's solution to inflation is to clobber workers even further. But if the demand for workers exceeds the supply, isn't the answer to pay workers more? Not according to Powell and the Fed. Their answer is to continue to raise interest rates to slow the economy and put more people out of work, so workers can't get higher wages. The Fed projects that as it continues to increase interest rates, unemployment will rise to 4.6% by the end of 2023 – resulting in more than 1m job losses. The problem isn't that wages are rising. The real problem is that corporations have the power to pass those wage increases – along with record profit margins – on to consumers in the form of higher prices. If corporations had to compete vigorously for consumers, they wouldn't be able to do this. Competitors would charge lower prices and grab those consumers away.

Note: The above was written by former US Secretary of Labor Robert Reich. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality from reliable major media sources.


Pandora Papers: Secret wealth and dealings of world leaders exposed
2021-10-03, BBC News
https://www.bbc.com/news/world-58780465

The secret wealth and dealings of world leaders, politicians and billionaires has been exposed in one of the biggest leaks of financial documents. Some 35 current and former leaders and more than 300 public officials are featured in the files from offshore companies, dubbed the Pandora Papers. They reveal the King of Jordan secretly amassed Ł70m of UK and US property. They also show how ex-UK PM Tony Blair and his wife saved Ł312,000 in stamp duty when they bought a London office. The couple bought an offshore firm that owned the building. The leak also links Russian President Vladimir Putin to secret assets in Monaco, and shows the Czech Prime Minister Andrej Babis - facing an election later this week - failed to declare an offshore investment company used to purchase two villas for Ł12m in the south of France. It is the latest in a string of leaks over the past seven years, following the FinCen Files, the Paradise Papers, the Panama Papers and LuxLeaks. The examination of the files is the largest organised by the International Consortium of Investigative Journalists (ICIJ), with more than 650 reporters taking part. Some figures are facing allegations of corruption, money laundering and global tax avoidance. But one of the biggest revelations is how prominent and wealthy people have been legally setting up companies to secretly buy property in the UK. The documents reveal the owners of some of the 95,000 offshore firms behind the purchases.

Note: Read about the Panama Papers leak that previously shed light on the tax havens of the elite. For more along these lines, see concise summaries of deeply revealing news articles on financial corruption and income inequality from reliable major media sources.


Millionaires receive $1.7m in coronavirus relief as most taxpayers get $1,200 payments thanks to hidden Republican loophole
2020-04-15, The Independent (One of the UK's leading newspapers)
https://www.independent.co.uk/news/world/americas/coronavirus-stimulus-checks...

As millions of Americans woke up to $1,200 checks in their bank accounts, some of the nation's richest taxpayers learned they were about to receive a bit of relief as well – about $1.7m each, to be exact. Nearly 43,000 millionaires across the country would soon profit off a loophole adapted from the Republican tax code overhaul of 2017, which allows certain business owners to significantly reduce their tax liability by temporarily suspending the limit of deductions they can place against non-business income. The loophole was included as a provision in the sweeping $2.2tn Coronavirus Aid, Relief and Economic Security (CARES) Act, according to a report published by the Joint Commission on Taxation. Democrats who ordered the report have since accused Republicans of having "wrongly seized on this health emergency to reward ultrarich beneficiaries", and called for the tax break to be immediately repealed. The Joint Commission on Taxation said that a staggering "82 per cent of the benefits of the policy go to about 43,000 taxpayers who earn more than $1m annually". Those 43,000 taxpayers eligible for the loophole would receive an average windfall of nearly $1.7m. Rep. Lloyd Doggett (D-TX) ... slammed his Republican colleagues over the tax break in a statement alleging the loophole was "so generous that its total cost is more than total new funding for all hospitals in America and more than the total provided to all state and local governments".

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality from reliable sources.


Hope to those serving long prison sentences
2018-12-03, San Francisco Chronicle (San Francisco's leading newspaper)
https://www.sfchronicle.com/opinion/openforum/article/Former-lifers-mentor-Ca...

[California] Gov. Jerry Brown has issued more than 1,100 pardons and commuted more than 150 sentences since taking office in 2011 - far more than have his recent predecessors. The governor’s intervention creates a new pathway to justice for people serving long prison sentences under some of the nation’s harshest sentencing laws. His action moves California away from the brutality of mass incarceration and toward a renewed focus on rehabilitation and redemption. I know well the power of hope in the darkness behind prison walls. In 2012, I was released after serving 24 years of a life sentence. Now I lead the Hope and Redemption Team, an initiative funded by the California Department of Corrections and Rehabilitation to provide rehabilitative programming inside seven state prisons. Our model is unique. Every member of our full-time staff is a former lifer who has served decades of time and is now a living example of redemption. Success stories rarely make the news, but I see them every day. Graduates of our program and job-readiness training offered by the Anti-Recidivism Coalition have earned their release and built careers in the building and construction trades, prison ministry, higher education, entertainment and tech. Trained in violence prevention, they go into juvenile halls and work with youth to break the cycle of incarceration before it begins. They are contributing to society and making communities stronger and safer - things that prison can never accomplish.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


How a Social Security program piled huge fines on the poor and disabled
2022-05-20, Washington Post
https://www.washingtonpost.com/politics/2022/05/20/social-security-fraud-pena...

After her longtime partner died of kidney cancer, federal agents knocked on Gail Deckman's door outside Chicago and told her she was in trouble: She had kept thousands of dollars in Social Security disability benefits that should have stopped when he died. The inspector general's office, which investigates disability fraud and tries to recoup money for the government, ultimately charged her $119,392 – nearly three times what she received in error. The inflated fees were set in motion during the Trump administration, when attorneys in charge of a little-known anti-fraud program run by the inspector general's office levied unprecedented fines against Deckman and more than 100 other beneficiaries without due process. The escalating penalties created a giant jump – at least on paper – in the amount of money the inspector general could show lawmakers it was bringing in. A Chicago woman was fined $132,000 after wrongly receiving as much as $10,618 in benefits. A Denver woman was sanctioned $168,000 after cashing as much as $14,960 in wrongly received checks. The remarkable penalties led to tumult inside the Office of Inspector General Gail Ennis, where a whistleblower was targeted for retaliation, according to a ruling this month. [Deborah] Shaw testified that she was shocked when she was directed in early 2019 to issue a penalty of $176,000 to a woman who had already written a check for $26,000 to repay the government the entire amount she had wrongly received in disability benefits.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.


What I Learned Reporting in Cities That Take Belongings From Homeless People
2024-12-27, ProPublica
https://www.propublica.org/article/homeless-encampments-essay

My colleagues Ruth Talbot, Asia Fields, Maya Miller and I have investigated how cities have sometimes ignored their own policies and court orders, which has resulted in them taking homeless people's belongings during encampment clearings. We also found that some cities have failed to store the property so it could be returned. People told us about local governments taking everything from tents and sleeping bags to journals, pictures and mementos. Even when cities are ordered to stop seizing belongings and to provide storage for the property they take, we found that people are rarely reunited with their possessions. The losses are traumatizing, can worsen health outcomes, and can make it harder for people like Stratton to find stability and get back inside. Cities have recently passed new camping bans or started enforcing ones already on the books following a Supreme Court decision in June that allows local officials to punish people for sleeping outside. The U.S. Interagency Council on Homelessness earlier this year released updated strategies for addressing encampments "humanely and effectively," advising communities to treat encampment responses with the same urgency they would any other crises. The council recommends providing 30 days' notice before a removal and giving people two days to pack. The council also recommends that cities store belongings for as long as it typically takes for someone to get permanent housing.

Note: Read about the private contractors clearing California's homelessness camps. For more along these lines, read our concise summaries of news articles on financial inequality.


Down With the Corporate Price-Gougers Ripping Us Off!
2024-02-02, Common Dreams
https://www.commondreams.org/opinion/corporate-greed-inflation-price-gouging

Our new report for the Groundwork Collaborative finds that corporate profits accounted for more than half – 53 percent – of inflation from April to September 2023. That's an astronomical percentage. Corporate profits drove just 11 percent of price growth in the four decades prior to the pandemic. Businesses have been quick to blame rising costs on supply chain shocks from the pandemic and the war in Ukraine. But two years later, our economy has mostly returned to normal. In some cases, companies' costs to make things and stock shelves have actually decreased. A recent survey from the Richmond Fed and Duke University revealed that 60 percent of companies plan to hike prices this year by more than they did before the pandemic, even though their costs have moderated. Corporations across industries, from housing to groceries and used cars, are juicing their profit margins even as the cost of doing business goes down. Since the summer of 2021, Groundwork began listening in on hundreds of corporate earnings calls where we heard CEO after CEO boasting about their ability to raise prices on consumers. Now we hear something slightly different: CEOs crowing about keeping their prices high while their costs go down. PepsiCo raised its prices on snacks and beverages by roughly 15 percent twice in the last year while bragging to shareholders that their profit margins will grow as input costs come down.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.


Source Who Revealed How Taxes Steal for the Rich Rewarded With Five Years in Prison
2024-02-02, Fairness & Accuracy in Reporting
https://fair.org/home/source-who-revealed-how-taxes-steal-for-the-rich-reward...

Because of Charles Littlejohn, we know that former President Donald Trump and a whole bunch of other rich people pay next to nothing in taxes. Littlejohn, a former consultant at the Internal Revenue Service, leaked these tax returns. For leaking this sensitive information, Littlejohn has been sentenced to five years in federal prison, the maximum jail term. Littlejohn's lawyers (Bloomberg, 1/18/24) had argued that he had acted "out of a deep, moral belief that the American people had a right to know the information and sharing it was the only way to effect change." Littlejohn now joins people like Reality Winner (New York Times, 8/23/18) and Chelsea Manning (NPR, 1/17/17), security and military-sector leakers who put their freedom on the line to disclose government secrets they felt should be a matter of the public record. The fact of the matter is that investigative journalism can only happen because of leakers who take great risks. Adrian Schoolcraft, an NYPD officer who provided the Village Voice (5/4/10) with evidence of statistics manipulation, felt the wrath of government power when he was eventually forced into a psychiatric ward (Chief, 10/5/15). Edward Snowden, who provided the Guardian (6/11/13) with details about widespread NSA surveillance, is still in exile in Russia as a result of his decision to be a whistleblower. By revealing what the rich can legally get away with, [Littlejohn] was demonstrating that we live in an increasingly divided society.

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