Media Articles

Excerpts of Key Media Articles in Major Media

Below are key excerpts of highly revealing media articles from the major media. Links are provided to the full articles on their media websites. If any link fails to function, read this webpage. These media articles are listed in reverse date order. You can also explore the articles listed by order of importance or by date posted. By choosing to educate ourselves and to spread the word, we can build a brighter future.

Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

Around the world, people have been turning to swapping, trading and bartering during the coronavirus pandemic, whether to do their bit for the local community, save money or simply source hard-to-find baking ingredients. With economic uncertainty looming and anxiety levels soaring, barter is becoming an emerging alternative solution to getting by – and staying busy. The increase in bartering is nowhere better exemplified than in Fiji. The country has a long tradition of barter, known as ‘veisa' ... and Fijians have harnessed modern technology to connect even more people. "I knew that money would be tight to stretch out and even harder to come by. I asked myself what happens when there's no more money? Barter was a natural solution to that," says Marlene Dutta, who started the Barter for a Better Fiji group on 21 April. Its membership is just under 190,000 – more than 20% of Fiji's population. Items changing hands have run the gamut – pigs for kayaks, a violin for a leather satchel and doughnuts for building bricks – but the most commonly requested items have been groceries and food. Bartering isn't just for individuals looking for baking items or help with grocery shopping, however. Businesses are increasingly interested in joining barter exchanges, which have "doctors, lawyers, service companies, retailers – you name it", says Ron Whitney, President of the US-based International Reciprocal Trade Association, a non-profit organisation founded in 1979 that promotes and advances modern trade and barter systems.

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

In response to the novel and deadly coronavirus, many governments deployed draconian tactics never used in modern times: severe and broad restrictions on daily activity that helped send the world into its deepest peacetime slump since the Great Depression. The equivalent of 400 million jobs have been lost world-wide, 13 million in the U.S. alone. Global output is on track to fall 5% this year, far worse than during the financial crisis. Despite this steep price, few policy makers felt they had a choice, seeing the economic crisis as a side effect of the health crisis. They ordered nonessential businesses closed and told people to stay home, all without the extensive analysis of benefits and risks that usually precedes a new medical treatment. Five months later, the evidence suggests lockdowns were an overly blunt and economically costly tool. The evidence also points to alternative strategies that could slow the spread of the epidemic at much less cost. Taiwan, South Korea and Hong Kong set early examples of how to stop Covid-19 without lockdowns. They quickly cut travel to China, introduced widespread testing to isolate the infected and traced contacts. Sweden took a different approach. Instead of lockdowns, it imposed only modest restrictions to keep cases at levels its hospitals could handle. Sweden has suffered more deaths per capita than neighboring Denmark but fewer than Britain, and it has paid less of an economic price than either.

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

A dolphin species considered regionally extinct in the Adriatic has been spotted there repeatedly off the Italian and Slovenian coast. Researchers from Morigenos Slovenian Marine Mammal Society and the Sea Mammal Research Unit at the University of St Andrews have published a new review study on the occurrence of common dolphins in the Gulf of Trieste and the northern Adriatic Sea, published in the scientific journal Aquatic Conservation: Marine and Freshwater Ecosystems. The dolphin (Delphinus delphis) used to be very common in the Adriatic Sea and other parts of the Mediterranean Sea. However, since the 1970s it has become so rare that the Mediterranean population is now listed as Endangered on the Red List of the International Union for the Conservation of Nature (IUCN). During the last 30 years, this species has been considered as regionally extinct from the Adriatic Sea, likely due to intentional and systematic killing during mid-20th century. Back then, both Italy and the former Yugoslavia used to pay monetary rewards for every dolphin killed because dolphins were considered a pest that competed with fisheries. Due to their rarity, all records of common dolphins in the Adriatic and many other Mediterranean areas are important. Despite no previous records, four different animals were observed in the area over a period of four years. Some of these individual dolphins were seen repeatedly, one over the course of two months and one over the course of more than a year.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles on marine mammals.

When Encinitas, Calif., teenager Ariella Pacheco was a little girl, her parents let her choose from a catalog the American Girl doll that most appealed to her. She picked the one with the hair color and style that matched her own. But what about children with rare medical conditions who don’t look like anyone else, including the mass-produced dolls on store shelves? Pacheco wanted to give these children the same gift she got as a child. So, over the past several months, she has designed and sewn cloth dolls for four local youth. “I really value the beauty in the little things,” Pacheco said. “Each of these kids are so unique, so special. I hope through these dolls they can see themselves in a new light and really embrace their beauty.” She ... designed her own patterns and figured out how to re-create the children’s differences. It was important to her that the children recognize themselves in the dolls but that their differences not be the most noticeable feature. “I hope they’re really excited with them,” Pacheco said. “The whole time I was trying to put as much love into it as I could and hoped they represented each child faithfully.” The inspiration for the four dolls are Felix, a 6-year-old boy with a large scar on his head from surgery for a skull fracture; Andrea, a 2-year-old with a port-wine stain birthmark on her face; Valeria, a toddler with Apert syndrome, which causes skull deformities, misshapen eyes and fused fingers; and Zulema Gillett, [who has] Goldenhar syndrome, which caused her to be born with a cleft lip, misaligned jaw, and only one ear.

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

Last August, NPR profiled a Harvard-led experiment to help low-income families find housing in wealthier neighborhoods. Every quoted expert is connected to the Bill & Melinda Gates Foundation, which helps fund the project. NPR itself receives funding from Gates. The story ... is one of hundreds NPR has reported about the Gates Foundation or the work it funds, including myriad favorable pieces written from the perspective of Gates or its grantees. And that speaks to a larger trend - and ethical issue - with billionaire philanthropists’ bankrolling the news. As philanthropists increasingly fill in the funding gaps at news organizations ... an underexamined worry is how this will affect the ways newsrooms report on their benefactors. Nowhere does this concern loom larger than with the Gates Foundation. During the pandemic, news outlets have widely looked to Bill Gates as a public health expert on covid - even though Gates has no medical training and is not a public official. PolitiFact and USA Today (run by the Poynter Institute and Gannett, respectively - both of which have received funds from the Gates Foundation) have even used their fact-checking platforms to defend Gates from “false conspiracy theories” and “misinformation,” like the idea that the foundation has financial investments in companies developing covid vaccines and therapies. In fact, the foundation’s website and most recent tax forms clearly show investments in such companies, including Gilead and CureVac.

Note: Watch an excellent 15-minute presentation by courageous journalist Ben Swann on the agenda of facebook fact checkers. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable major media sources.

A group of Silicon Valley and Wall Street executives has raised $30 million to speed the development of a closely watched psychedelic-drug therapy. The Multidisciplinary Association for Psychedelic Studies, a nonprofit advocating for psychedelic research since the 1980s, is conducting its last phase of clinical trials to research the efficacy of using MDMA-assisted psychotherapy for post-traumatic stress disorder. PTSD afflicts about eight million adults a year. MDMA is more commonly known as the main component of Ecstasy. Armed with the new funding, MAPS is aiming to finish the trials and seek approval from the Food and Drug Administration to commercialize the MDMA-assisted psychotherapy as soon as 2022. In 2017, the FDA designated MDMA as a breakthrough therapy for PTSD, meaning it would expedite review of the drug. MAPS said a recent interim analysis of its Phase 3 clinical trials ... showed a very high likelihood the therapy will be effective for treating PTSD. In phase 2 clinical trials, individuals with post-traumatic stress disorder received psychotherapy, some with the psychedelic drug MDMA. More of those who received the drug no longer received a PTSD diagnosis in the months after treatment, compared with those who received a placebo. Business leaders said their donations came from a personal connection to mental-health conditions. Among them is billionaire Bob Parsons, founder of GoDaddy and ... a Marine Corps Vietnam War veteran, who said he has continued to battle PTSD.

Note: To read the entire article free of charge, see this webpage. Note that as big Pharma won't make big profits from these therapies, they are not funding any of the major studies, while the nonprofit MAPS has stepped in to make this happen. And not mentioned in this article is that the results of these studies has been dramatic, with over 2/3 of patients showing no signs of PTSD a year after treatment. For more along these lines, see concise summaries of deeply revealing news articles on mind-altering drugs from reliable major media sources.

US authorities have approved a plan to release more than 750 million genetically modified mosquitoes across the Florida Keys, despite objections from local residents. British-based firm Oxitec are behind the project that will test whether the altered mosquitoes can work as an alternative to pesticides to control the spread of diseases. The male mosquito, which is named OX5034, has been created to produce female offspring that die at larval stage, before they grow big enough to spread disease and bite. Female mosquitoes bite for blood while they mature their eggs, but males do not carry the diseases as they feed on nectar. The mosquitoes will be released in the Florida Keys in 2021, but will be expanded into Harris County, Texas, after the Environmental Protection Agency granted Oxitec’s request for an experimental use permit. Jaydee Hanson, policy director for the International Centre for Technology Assessment and Centre for Food Safety ... criticized the decision. “What could possibly go wrong? We don’t know, because EPA unlawfully refused to seriously analyze environmental risks. Now without further review of the risks, the experiment can proceed,” Mr Hanson [said]. Since the initial announcement of the project in May, more than 230,000 people have signed a petition against the proposal, which was supported by more than 30 local physicians. Local media reported that residents were unhappy to be treated as “guinea pigs” for the experiment.

Note: Read more about the controversy surrounding Oxitec's genetically altered mosquitoes. For more along these lines, see concise summaries of deeply revealing news articles on GMOs from reliable major media sources.

Millions of Americans have lost their jobs. They've watched helplessly as their meager savings dwindled away, as they were confined to their homes–prohibited from interacting with friends, attending church, temple or music and sporting events due to restrictions enacted in response to the Covid-19 pandemic. This resulted in a profound impact on the mental health and emotional well-being of people–leading to a significant increase in cases of anxiety, depression and deaths by suicide. The CDC conducted a survey of 5,412 people between June 24 and 30 and the collected data on suicides is alarming. Roughly 25% percent of young adults between the ages of 18 and 24 say they've considered suicide because of the pandemic. About 30.9% of the respondents said that they "had symptoms of anxiety or depression" and about 26.3% reported trauma and stress-related disorders caused by the outbreak. Over 13% said that they have used alcohol, prescription and/or illegal drugs to deal with their pandemic-induced stress and anxiety. The amount of Americans reporting anxiety symptoms is triple the number of this time last year. The CDC reported that 11% of adults surveyed had seriously considered suicide in the past 30 days. The study showed "19% of Hispanics reported suicidal ideation" and "15% of Blacks reported suicidal thoughts." As it relates to young adults, Dr. Robert Redfield, director of the CDC, said, "We're seeing, sadly, far greater suicides now than we are deaths from [Covid-19]."

Note: What this article glaringly failed to mention is that the large majority of these tragic problems are not caused by the virus, but rather by the lockdown policies. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.

Stephen Akpabio-Klementowski, an ex-convict and lecturer, has transformed his life through education after he earned his undergraduate degree and two master’s while serving a 16-year jail sentence. Without any qualification, he managed to defy the odds and studied to earn a degree from The Open University and two master’s from Oxford Brooks. Stephen was serving a 16-year jail sentence for the importation of class A drugs. In spite of the major setbacks and bitter life experiences, Stephen managed to transform his life, and his extraordinary story has inspired many across the world. Stephen defines his decision to pursue a degree as a "seminal moment in his life". Stephen is now studying for his PhD in criminology while working part-time as the regional manager for The Open University’s Students. In 2019, 17 inmates, police officers and former convicts graduated from the Kamiti Maximum Prison in Nairobi with law degrees from the University of London. Ten of the inmates were drawn from Kenyan and Ugandan prisons, three were former convicts who enrolled for the program while still in prison while the rest were prison officers and one African Prison Project staff. John Muthuri, the legal aid manager noted there were few lawyers to serve more than 54,000 prisoners in the country and as such the project would ensure convicts behind bars got affordable legal representation. “We are creating innovative ways to ensure that everyone behind bars who can’t afford legal representation is represented,” Muthuri said.

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

John Oliver returned to Last Week Tonight with another examination of an unjust cog in America’s criminal justice system: the unrepresentative makeup of trial juries. Serving on a “jury of your peers” is an “essential civic duty”, Oliver said. But in practice, said “peers” are not chosen from a fair cross-section of society. People of color and particularly black Americans are chronically underrepresented in jury pools. First, there’s the list of potential jurors, which in many states draws from voter registration data or drivers’ license lists, both of which disproportionately exclude people of color. Many states contract jury selection to private companies, whose methods, when revealed, fall far short of truly representative or random; Oliver pointed to one example in Tulsa, Oklahoma, where a private company accidentally excluded zip codes in which 90% of the county’s black residents lived. Once potential jurors show up for selection, prosecutors can weed out jurors of color. Although the supreme court ruled in 1986 that prosecutors can’t strike jurors on the basis of race, “it turns out that’s a pretty easy rule to get around,” said Oliver. “All you have to do is just come up with some reason other than race to strike a juror.” To demonstrate the brazen efforts prosecutors will take to whitewash juries, Oliver pointed to the six murder trials for Curtis Flowers in Mississippi, a black man whose case eventually reached the supreme court, which decided that the prosecutor had repeatedly and blatantly filtered out any potential black jurors.

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

Just because someone has limited mobility, does that mean they should be limited to traversing smooth pavement? Not according to husband-and-wife team Zack and Cambry Nelson, who are now marketing their off-road motorized "wheelchair." Known as The Rig and made mainly from bicycle parts, the vehicle was initially developed by Zack to help Cambry take part in their outdoor adventures. It features an aluminum frame with detachable bumpers, a padded adjustable seat, a 1,000-watt ebike motor linked to the rear axle by a chain drive, dual steering handles, front hydraulic disc brakes, plus 4-inch-wide fatbike tires on each of its four wheels. Front and rear independent suspension is an optional extra, as is a second lithium battery for added range. The whole thing measures 5 ft long by 32 inches wide by 41 in tall (1,524 by 812 by 1,041 mm), and tips the scales at a claimed 120 lb (54 kg) – that's with the suspension package, and a single battery. One charge of that battery should reportedly be good for a range of 10 to 20 miles (16 to 32 km), depending on usage and rider weight. And while it can't accommodate a second passenger in the back, it does have a cargo-mounting system that allows gear such as camping supplies, a cooler or a conventional wheelchair to be brought along for the ride. The Rig is now available for pre-order in a choice of seven frame colors, with prices starting at US$4,750. For reference, some other electric off-road wheelchairs we've seen are priced at $10,000 or more.

Note: Watch a fun and inspiring video of this awesome invention. Explore a treasure trove of concise summaries of incredibly inspiring disabled persons news articles which will inspire you to make a difference.

The power of the president is enormous. As Mr. Trump stated in March, "I have the right to do a lot of things that people don't even know about." What the president appears to have been referring to are his presidential emergency action documents, often referred to as PEADs. "Even though I've had security clearances for the better part of 50 years and been in and out of national security matters during that half-century, I had never heard of these 'secret powers,'" said former Senator Gary Hart. Ted Koppel asked, "Do you know what they are, now that you've heard of them?" "Only vaguely, due to research done at the Brennan Center for Justice," Hart said. "What these secret powers are, apparently, based on the research, is suspension of the Constitution, basically." The Brennan Center research that Senator Hart referred to has been spearheaded by Elizabeth Goitein. Goitein says what little we do know about PEADs comes from references to them in other documents, some of which are now declassified. "They originated in the Eisenhower administration," Goitein said. "But since then ... no presidential emergency action document has even been released, or even leaked. Not even Congress has access to them. Congress is not aware of these documents, and from public sources we know that at least in the past these documents have purported to do things that are not permitted by the Constitution – things like martial law and the suspension of habeas corpus and the roundup and detention of people not suspected of any crime."

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

About 1 in 1,000 black men and boys in America can expect to die at the hands of police, according to a new analysis of deaths involving law enforcement officers. That makes them 2.5 times more likely than white men and boys to die during an encounter with cops. The analysis also showed that Latino men and boys, black women and girls and Native American men, women and children are also killed by police at higher rates than their white peers. But the vulnerability of black males was particularly striking. “That 1-in-1,000 number struck us as quite high,” said study leader Frank Edwards. The number-crunching by Edwards and his coauthors also revealed that for all young men, police violence was one of the leading causes of death in the years 2013 to 2018. The findings ... add hard numbers to a pattern personified by victims like Eric Garner, Tamir Rice and Freddie Gray. Five years after police in the St. Louis suburb of Ferguson, Mo., fatally shot Michael Brown, protesters and activist groups have focused public attention on the disproportionate use of force against African Americans and other people of color. Scientists, meanwhile, are increasingly studying police violence as a public health problem. A study published in the Lancet last year found that police killings of unarmed black men were associated with an increase in mental health problems such as depression and emotional issues for black people living in the state where the killing took place.

Note: Just as a comparison, so far in the U.S., about one in 2,000 Americans have died from COVID-19 according to official figures. For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.

U.S. stocks are hovering near a record high, a stunning comeback since March that underscores the new phase the economy has entered: The wealthy have mostly recovered. The bottom half remain far from it. Jobs are fully back for the highest wage earners, but fewer than half the jobs lost this spring have returned for those making less than $20 an hour. The pandemic is causing especially large gaps between rich and poor, and between White and minority households. It is also widening the gap between big and small businesses. Some of the largest companies, such as Nike and Best Buy, are enjoying their highest stock prices ever while many smaller businesses fight for survival. Some economists have started to call this a “K-shaped” recovery because of the diverging prospects for the rich and poor, and they say policy failures in Washington are exacerbating the problems. For many of the unemployed, the downturn is lasting far longer than they had anticipated. Nearly 80 percent of furloughed or laid-off workers thought they would be rehired, a Washington Post-Ipsos poll conducted April 27-May 4 found. Yet so far, only 42 percent of jobs have returned. “This has been a very clear K-shaped recovery,” says Peter Atwater ... at the College of William & Mary. “The biggest and wealthiest have been on a clear path toward recovery. Meanwhile, for most small businesses and those worst off, things have only become worse. The contrast is piercing: One group feels better than ever while the other borders on hopelessness.”

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

The nation's mental health is languishing, according to data reported this week as part of the US Centers for Disease Control and Prevention's Morbidity and Mortality Weekly Report. Suicidal ideation is up among young people since last year, with as many as one in four people ages 18 through 24 having seriously considered suicide in the 30 days preceding the survey. In the general US population, the CDC reported that 11% of adults surveyed had seriously considered suicide in the past 30 days before they completed the survey. Among those identifying as Black or Hispanic, the numbers were worse: 19% of Hispanics reported suicidal ideation and 15% of Blacks reported suicidal thoughts. The results reflect a nation increasingly on edge. The number of Americans reporting anxiety symptoms is three times the number at this same time last year, the CDC said. "Previous events have had a start, middle, an end," said Vaile Wright [with] the American Psychological Association. "People can't disconnect from this." Add on the pressures of the economy, the increased scrutiny on racial injustice and the looming specter of the presidential election, and it's hard for many to feel like things might turn out OK. The stress is disproportionately falling on the young. On an individual level, Wright noted that the main pillars of psychological health include eating healthy, staying active, getting enough sleep and maintaining social connections. But figuring out healthy ways to socialize virtually can require being intentional.

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

What Americans need to understand about the race to find vaccines and treatments for Covid-19 is that in the U.S., even when companies appear to downshift from maximum greed levels – and it's not at all clear they've done this with coronavirus treatments – the production of pharmaceutical drugs is still a nearly riskless, subsidy-laden scam. Americans reacted in horror five years ago when a self-satisfied shark of an executive named Martin Shkreli, a.k.a. the "Pharma Bro," helped his company, Turing Pharmaceuticals, raise the price of lifesaving toxoplasmosis drug Daraprim from $13.50 to $750 per pill. Shkreli, who smirked throughout congressional testimony ... was held up as a uniquely smug exemplar of corporate evil. Really, the whole industry is one big Shkreli, and Covid-19 – a highly contagious virus with unique properties that may require generations of vaccinations and booster shots – looms now as the ultimate cash cow for lesser-known Pharma Bros. "The power of the industry combined with fear is driving extraordinary spending," says U.S. Rep. Lloyd Doggett (D-Texas), who has been ... warning about pandemic profiteering. "It all suggests rosy times ahead for the pharmaceutical industry." Recent House and Senate emergency-spending bills allocate as much as $20 billion or more for vaccine development, and another $6 billion for manufacturing and distribution. "The public will pay for much research and manufacturing," says Doggett. "Only the profits will be privatized."

Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and Big Pharma profiteering from reliable major media sources

The Pentagon is forming a new task force to investigate UFOs that have been observed by US military aircraft, according to two defense officials. Deputy Secretary of Defense David Norquist will help oversee the task force. Members of Congress and Pentagon officials have long expressed concerns about the appearance of the unidentified aircraft that have flown over US military bases. There is no consensus on their origin with some believing they may be drones potentially operated by earthly adversaries seeking to gather intelligence rather than extraterrestrials. The Senate Intelligence Committee voted in June to have the Pentagon and intelligence community provide a public analysis of the encounters, following the official Pentagon release of three short videos showing US aircraft encountering these phenomena. "We have things flying over our military bases and places where we are conducting military exercises, and we don't know what it is and it isn't ours, so that's a legitimate question to ask," the chairman of that committee, Sen. Marco Rubio, [said]. The videos released by the Pentagon appear to show unidentified flying objects rapidly moving while recorded by infrared cameras. The Pentagon had previously studied recordings of aerial encounters with unknown objects as part of a since-shuttered classified program that was launched at the behest of former Sen. Harry Reid of Nevada. That program was launched in 2007 and ended in 2012, according to the Pentagon.

Note: This is clearly part of a planned roll out to acculturate the public to the reality of UFOs. For undeniable evidence top Pentagon officials have known about the ET presence since the 1940s, see our revealing two page summary on UFOs. For more along these lines, see concise summaries of deeply revealing news articles on UFOs from reliable major media sources.

The COVID-19 pandemic is having a significant impact on Americans' mental health, according to a new survey out Thursday from the U.S. Centers for Disease Control and Prevention. It found elevated levels of symptoms of anxiety and depressive disorders, substance use and suicidal ideation among U.S. adults, and identified populations at increased risk, including young people, racial and ethnic minorities, essential workers and caregivers of adults. More than 40% of respondents who completed surveys during June reported an adverse mental or behavioral health condition, and 11% reported having seriously considered suicide in the 30 days prior. The data's greatest value, experts say, is the spotlight it shines on vulnerable populations. "It is showing that this breakdown in our society, the breakdown of the safety net, the breakdown of economic security is taking a massive toll," said Anna Mueller, a suicide researcher and professor of sociology at the Indiana University Bloomington. "These breakdowns really show how crucial economic stability and economic security are to an individual's well being. Because the people who are more vulnerable in terms of their socioeconomic status, people who are being put in harm's way, those are the people who are suffering the most." The survey found 75% of respondents 18-24 reported at least one adverse mental or behavioral health symptom and serious suicidal ideation among this group was 25%.

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

So now we know: Sweden got it largely right, and the British establishment catastrophically wrong. Anders Tegnell, Stockholm’s epidemiologist-king, has pulled off a remarkable triple whammy: far fewer deaths per capita than Britain, a maintenance of basic freedoms and opportunities, including schooling, and, most strikingly, a recession less than half as severe as our own. Politicians can react in one of three ways to a pandemic. They can do nothing, and allow the disease to rip until herd immunity is reached. Quite rightly, no government has pursued this policy, out of fear of mass deaths and total social and economic collapse. The second approach involves imposing proportionate restrictions to facilitate social distancing, banning certain sorts of gatherings while encouraging and informing the public. The Swedes pursued a version of this centrist strategy: there was a fair bit of compulsion, but also a focus on retaining normal life and keeping schools open. There was no formal lockdown. The third option is the full-on statist approach, which imposes a legally binding lockdown and shuts down society. Almost all economists thought that Sweden’s economy would suffer hugely from its idiosyncratic strategy. They were wrong. Sweden’s GDP fell by just 8.6 per cent in the first half of the year ... and its excess deaths jumped 24 per cent. By contrast, Britain’s economy slumped by 22.2 per cent in the first half of the year, a performance almost three times as bad as Sweden’s, and its excess deaths shot up by 45 per cent.

Note: A Swedish MD on the front lines shares thoughts on why Sweden's COVID death rate has been in the single digits for weeks. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.

Small businesses are disappearing by the thousands amid the Covid-19 pandemic, and the drag on the economy from these failures could be huge. This wave of silent failures goes uncounted in part because real-time data on small business is notoriously scarce, and because owners of small firms often have no debt, and thus no need for bankruptcy court. Yelp Inc., the online reviewer, has data showing more than 80,000 permanently shuttered from March 1 to July 25. About 60,000 were local businesses, or firms with fewer than five locations. About 800 small businesses did indeed file for Chapter 11 bankruptcy from mid-February to July 31, according to the American Bankruptcy Institute, and the trade group expects the 2020 total could be up 36% from last year. While the businesses are small individually, the collective impact of their failures could be substantial. Firms with fewer than 500 employees account for about 44% of U.S. economic activity, according to a U.S. Small Business Administration report, and they employ almost half of all American workers. About 58% of small business owners say they’re worried about permanently closing, according to a July U.S. Chamber of Commerce survey. In a June 2020 NFIB survey, a net 31% of owners reported lower sales in the past three months, while 7% reported higher sales a year earlier. In the same survey, only 13% of business owners said it was a good time to expand, a dip from 24% a year earlier.

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 key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.