Media ArticlesExcerpts of Key Media Articles in Major Media
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A Facebook post from the mother of an unmuzzled B.C. biologist has gone viral, shedding more insight into the changes in the control of information since the new federal government took office last week. [Jody] Paterson quoted a status update her son made on his personal Facebook account. "We were told that it's ok to talk to the media or anyone about what we do without permission. That's how surreal it was. That's how things changed over night," the post reads. Kristi Miller, a B.C.-based molecular geneticist with Fisheries and Oceans Canada, was among the first scientists to speak out after the unmuzzling. In 2011, she was prevented from discussing her research into the 2009 Fraser River sockeye salmon collapse following its publication. "When we were banned, it almost made government scientists second-class citizens in the scientific arena," she said. "It was quite embarrassing." Navdeep Bains, the new minister of innovation, science and economic development, announced the policy change Friday, two days after Trudeau and his cabinet were sworn in. "Government scientists and experts will be able to speak freely about their work to the media and the public," he said in a written statement. The previous government ... brought in a restrictive communications policy that required national or international media requests to speak with federal government scientists to be approved by a minister's office, and all communications with government scientists to go through a government communications office.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
He has restored eyesight to more than 100,000 people, perhaps more than any doctor in history. His patients ... stagger and grope their way to him along mountain trails from remote villages, hoping to go under his scalpel. A day after he operates to remove cataracts, he pulls off the bandages - and, lo! They can see clearly. At first tentatively, then jubilantly, they gaze about. A few hours later, they walk home, radiating an ineffable bliss. Dr. Sanduk Ruit, a Nepali ophthalmologist ... has pioneered a simple cataract microsurgery technique that costs only $25 per patient and is virtually always successful. Indeed, his Nepal method is now taught in United States medical schools. In the United States, cataract surgery is typically performed with complex machines. But these are unaffordable in poor countries, so Dr. Ruit [pioneered a] small-incision microsurgery to remove cataracts without sutures. At first, skeptics denounced or mocked his innovations. But then the American Journal of Ophthalmology published a study of a randomized trial finding that Dr. Ruits technique had exactly the same outcome (98 percent success at a six-month follow-up) as the Western machines. One difference was that Dr. Ruits method was much faster and cheaper. He founded the Tilganga Institute of Ophthalmology, which ... conducts eye surgery on 30,000 patients annually, [as well as] manufactures 450,000 tiny lenses a year for use in cataract surgery, keeping costs to $3 a lens compared to $200 in the West.
Note: Your direct donation to help this man can cure blindness for many people.Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
As the days get darker and colder in much of the northern hemisphere, it's easy to indulge in gloom. The gloom leads to a common question: What can I do to cope with the dark and cold? Changing your mindset can do more than distracting yourself from the weather. That's the takeaway from research done by Kari Leibowitz ... who spent August 2014 to June 2015 on a Fulbright scholarship in Tromsø in northern Norway. Leibowitz went to study the residents' overall mental health, because rates of seasonal depression were lower than one might expect. It turns out that in northern Norway, "people view winter as something to be enjoyed, not something to be endured," says Leibowitz, and that makes all the difference. First, Norwegians celebrate the things one can only do in winter. Norwegians also have a word, koselig, that means a sense of coziness. It's like the best parts of Christmas, without all the stress. People light candles, light fires, drink warm beverages, and sit under fuzzy blankets. There's a community aspect to it. Leibowitz reports that Tromsø had plenty of festivals and community activities creating the sense that everyone was in it together. And finally, people are enamored with the sheer beauty of the season. Leibowitz grew up near the Jersey shore, and "I just took it as a fact that everyone likes summer the best." But deep in the winter in Norway ... the sun doesn't rise above the horizon. Against the snow, "the colors are incredibly beautiful," she says.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In every corner of the world, there are people who are flagrantly ill, people who mutter to invisible others and box at the air. In India ... Madhu’s relatives dealt with her illness by abandoning her at a healing shrine. She wandered the country [until] the outreach team from an organization called the Banyan found her ... on the street. Since the Banyan was started in 1993, it has rescued over 1,500 women from the street. The group’s members wash, feed and medicate the women, and then they teach them to sew, cook and do other tasks. Families are more likely to take the women back if they come with medication and domestic skills. Over half the women have since been reunited with their kin. When I visited the Banyan, I was struck by how happy and grateful the women were. The atmosphere seemed so different from the palpable anger and fear in the shelters that catered to women with serious mental illness that I knew from working in Chicago. The challenge for the Banyan is to enable women to be useful to families who may not accept them back if they cannot work. In our country, it’s different. Because of our underfunded and fragmented mental health system, it is commonplace for people with psychosis to become periodically homeless. They often end up living in a street culture that teaches them that they become crazy only if they are weak. They distrust help, and they have learned that they should never admit to being ill. To reach the people who need our help we need to understand what it means to be crazy in their world.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
"Spotlight" ... is the saga of how the Boston Globe won the 2003 Pulitzer Prize for uncovering not only decades of sexual abuse by Catholic priests but also systematic maneuvers by the church's Boston archdiocese to shield the more than 70 perpetrators. The story "Spotlight" tells is significant twice over. First for its depiction of the uncovering of what proved to be an international scandal, and also for the way it quietly but potently illustrates society's need for old-fashioned investigative journalism, the kind of labor-intensive telling-truth-to-power work that's increasingly in jeopardy. As "Spotlight" opens in July 2001 ... a new man, the imperturbable Marty Baron, the rare Globe editor not to grow up in Boston, is about to take over the paper. In fact, practically the first thing Baron does is ... focus on the accusations of clergy sexual misconduct. The [news] team (all of whom are lapsed Catholics), as well as the staff in general, symbolized by dubious assistant managing editor Ben Bradlee Jr. are well aware of the enormity of what they're taking on. For one thing, 53% of the Globe's subscribers are Catholic and, for another, as someone says, "the Church thinks in terms of centuries." Because it has done its homework ... "Spotlight" is especially good at the dynamics of interviewing, on what happens when reporters say things like, "Do you want to be on the right side of this story when it breaks?" Honest enough to zing the Globe for neglecting this story for years before it took it on, "Spotlight" is both damning and inspiring.
Note: Watch an excellent segment by Australia's "60-Minutes" team titled "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this sad subject. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
The fossil fuel industry had already managed to shape a bill moving rapidly through Congress last summer, gaining provisions to ease its ability to export natural gas. But one key objective remained elusive: a measure limiting the authority of local communities to slow the construction of pipelines because of environmental concerns. Then, U.S. Rep. Fred Upton ... who chaired the House Energy Committee, gave the industry an opportunity to amplify its influence. Joining forces with Sen. Lisa Murkowski ... who chaired the Senate Energy Committee, he launched a so-called joint fundraising committee, a campaign war chest that would accept donations from a range of contributors, with the proceeds divided between the two lawmakers. Executives at one of the nation’s largest natural gas pipeline companies soon deposited more than $80,750 into the joint fund’s coffers. The very next day, Upton delivered on the industry’s aspirations: He rushed a bill through his legislative panel that would not only streamline the approval process for new pipelines but also empower federal officials to impose tight deadlines ... to review their potential environmental impacts. While joint fundraising committees have been a part of politics for decades ... the Murkowski-Upton committee stands out as a uniquely explicit means of influencing legislation, say campaign finance experts, because it ... gives the oil and gas industry an opportunity to write one check knowing the proceeds are reaching the leaders of the two panels that write the rules regulating their business.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.
While deadly police shootings in the United States have gained international attention this year, [Calvon] Reid is one of 47 lesser-known people who lost their lives after law enforcement officers deployed a Taser, according to The Counted, an ongoing Guardian investigation documenting fatalities that follow police encounters. Reid died following shocks administered seemingly in violation of national guidelines. These rules ... acknowledge the lethal potential of electronic control weapons (ECW) deployed for more than three standard shock cycles of five seconds each. Many police departments are still not regulating the use of Tasers in accordance with these nationally accepted standards. Taser International, which sells ECWs to 17,800 of the United States’ roughly 18,000 law enforcement agencies and commands an overwhelming monopoly on the market, has ... sued medical examiners in the past, in one case leading to the examiners’ representative body to state that Taser International’s actions were “dangerously close to intimidation”. The weapons are likely responsible for many more deaths than coroners can easily record. An epidemiological study on the in-custody death rates of 50 California police departments ... found a startling 600% increase in sudden-death incidents in the year after Taser introduction, and then a 40% increase over pre-Taser rates for the next four years.
Note: Taser International operates a virtual monopoly in the US by trading luxury vacations and cushy retirement jobs to police chiefs in exchange for lucrative no-bid contracts. For more along these lines, see concise summaries of deeply revealing news articles about "non-lethal weapons", or read about how sophisticated and deadly some of these weapons technologies can be.
The New York attorney general has begun an investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business. The investigation focuses on whether statements the company made to investors about climate risks as recently as this year were consistent with the companys own long-running scientific research. The people said the inquiry would include a period of at least a decade during which Exxon Mobil funded outside groups that sought to undermine climate science, even as its in-house scientists were outlining the potential consequences and uncertainties to company executives. In a separate inquiry, Peabody Energy, the nations largest coal producer, [has] been under investigation by the attorney general for two years over whether it properly disclosed financial risks related to climate change. Some experts see the potential for a legal assault on fossil fuel companies similar to the lawsuits against tobacco companies [that] were found guilty of a massive 50-year scheme to defraud the public. Inside Climate News and The Los Angeles Times have reported that Exxon Mobil was well aware of the risks of climate change from its own scientific research, and used that research in its long-term planning for activities like drilling in the Arctic, even as it funded groups from the 1990s to the mid-2000s that denied serious climate risks.
Note: For those interested in the global warming debate, read this Forbes article and this one debunking it to see just how polarized and non-scientific both sides of the debate are. This CNN article states that Antarctica has been gaining ice at least since 1992. For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.
Simply put, Guantánamo is one of the best propaganda tools that terrorists have today. It’s no coincidence that the Islamic State, also known as ISIS or ISIL, dresses its victims in the same orange prisoner suits used in Guantánamo before conducting their ghastly beheadings. Our policies have allowed terrorists to cloud who holds the moral high ground. President George W. Bush said that he wanted Guantánamo to be closed. So did the former secretaries of state Condoleezza Rice and Colin L. Powell, as well as the former secretaries of defense Robert M. Gates and Leon E. Panetta, among others. In addition to being a terrorist recruiting tool, Guantánamo is a huge drain on taxpayer dollars. The cost per detainee at Guantánamo is 30 times more than that of the most secure detention facilities in the United States. It’s hard to justify spending more than $2.5 million per detainee when it costs just $86,374 to hold an inmate in the so-called Supermax federal penitentiary in Colorado. During the Bush administration, 779 people were brought to Guantánamo, all without charge. Over time we’ve learned that many were simply at the wrong place at the wrong time and shouldn’t have been detained in the first place. Most detainees — 532 to be exact — were released by the Bush administration. Of the 112 detainees who remain today, only about 10 have been convicted or charged with a crime. One thing has become clear: Keeping detainees at Guantánamo indefinitely hasn’t worked.
Note: The above was written by Sen. Dianne Feinstein, vice chairwoman of the Select Committee on Intelligence. In 2013, a Senate Judiciary Committee subcommittee heard that "Guantanamo is a terrorist-creating organization". A carefully researched report on the covert origins of ISIS suggests the creation of terrorists is useful for Washington's elite.
A Georgia State Patrol Trooper went above and beyond the call of duty after a Halloween tragedy. Four Morgan County children lost both of their parents as they were getting ready to trick-or-treat Saturday. Donald and Crystal Howard ... were killed instantly when their SUV flew off the road and hit a tree. Trooper Nathan Bradley arrived at the home to break the news of the tragedy. “Unfortunately, I was greeted by four children in full costumes,” Bradley said. With their grandmother’s permission, Bradley didn’t tell the children, who ranged in age from 6 to 13, that their parents had died. “The first thing I said was, ‘Hey lets go get something to eat,’” Bradley said. “They said, ‘My parents will be here soon.’ I said, ‘Your Grandma wants you to hang out with me till she gets here." Bradley treated Justin, Amaya, Damien and Travion to dinner, movies and Halloween candy at the Monroe State Patrol post followed by a sleepover. “The whole purpose was to preserve their Halloween,” said Bradley. They weren't told about their parents’ accident until the next morning when their grandmother arrived. Bradley also started a GoFundMe page for funeral expenses so that Crystal and Donald can be buried in Florida, where the children are moving in with grandparents. All the kindness came from a young state trooper who didn't want to ruin Halloween for his four new friends. “It’s the first time in the line of duty I told someone I loved them and I do love them,” Bradley said. “I care about them a lot.”
Note: Through gofundme, over $450,000 was raised to support this grieving family. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The NFL is considering giving back taxpayer money to the Defense Department, as both of Arizona's senators accuse the Pentagon of paying pro teams to stage events honoring the military. They uncovered nearly $7 million in contracts with items they called "paid patriotism." From an Army reservist singing the national anthem to National Guard members unfurling the American flag, honoring the military is commonplace in professional sports, reports CBS News correspondent Jan Crawford. But some of these events are little more than marketing gimmicks, said Sen. Jeff Flake. "Fans assume when they see these tributes that it's being done because of patriotism," Flake said. "To find out that the taxpayers are paying for some of these, it just kind of cheapens the whole thing." According to Flake and fellow Arizona Sen. John McCain, the Defense Department has 122 marketing deals with pro sports teams worth $10.4 million. Seventy-two of those deals had items the two Republicans called "paid patriotism." The Baltimore Ravens, the fifth biggest recipient of military marketing dollars, got more than half a million dollars from the Maryland Army National Guard for patriotic events at their games. In fact, NFL franchises are pocketing the most money from the government."The Department of Defense is always saying we're strapped for funds, then we find out that in some cases they're paying for these paid tributes on the field," Flake said.
Note: For more along these lines, see concise summaries of deeply revealing military corruption news articles from reliable major media sources.
Research is mounting that a natural, potent source of stress relief is right in front of your nose. New science is showing that slowing down and deepening your breathing can have profound effects on well-being. “Many researchers can’t imagine how something so simple could actually have effects on physiology,” says Dr. Andrew Weil, a physician and founder of the Arizona Center for Integrative Medicine at the University of Arizona. Breathing exercises – a staple of mindfulness and yoga practices – have been shown to help control blood pressure, improve heart rate, make arteries more flexible and activate the parasympathetic nervous system, which tamps down the body’s fight-or-flight response to stress. Weil and other experts now believe deep breathing has a place in a clinical setting. “It’s enough to warrant applications in several areas of medicine,” says Dr. Luciano Bernardi, an internal-medicine professor whose research shows that slow-breathing exercises improve exercise capacity in patients with chronic heart failure. “We’ve shown that this simple thing has a fantastic series of effects.
Note: Explore three simple breathing exercises recommended by Dr. Andrew Weil.
Cochin International Airport in southern India’s Kerala state may be best known as the gateway to the tourist beaches and houseboats of the region’s famous backwaters. Now it has a new claim to fame: The world’s first solar airport. Since August, the airport has used 46,000 solar panels laid across 45 acres to power all its electricity needs, and sell excess power to the government-run grid. At night, when the sun doesn’t shine, it pulls some of that power back from the grid, making the airport effectively “carbon neutral.” Over the next 25 years, the project is expected to reduce carbon emissions by the equivalent of planting 3 million trees. The move to solar power is also expected to help cut pollution in Kochi, an industrial city ranked the 24th most polluted in India. Based on the results at Kochi, India’s government has directed 125 airports run by the Airport Authority of India to generate at least 1 megawatt of solar power each by March 2016. If a medium-sized airport such as Kochi, with just 1,300 acres of land, can produce sufficient electrical power for its operations, larger airports such as Delhi, with 5,000 acres, and Bangalore, with 3,000 acres, should be able to meet some of their power demand too, said Kurian, the Kochi airport’s managing director. “We are expecting not only other Indian airports, but airports in other countries, also to follow suit,” he said. “Every day we are being asked for expert advice and are answering queries from across the world.”
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The Environmental Protection Agency concluded in June that there was “no convincing evidence” that glyphosate, the most widely used herbicide in the U.S. and the world, is an endocrine disruptor. The decision was based almost entirely on pesticide industry studies. Most of the studies were sponsored by Monsanto or an industry group called the Joint Glyphosate Task Force. Of the small minority of independently funded studies that the agency considered in determining whether the chemical poses a danger to the endocrine system, three of five found that it did. One, for instance, found that exposure to glyphosate-Roundup “may induce significant adverse effects on the reproductive system of male Wistar rats.” Another concluded that “low and environmentally relevant concentrations of glyphosate possessed estrogenic activity.” And a review of the literature turns up many more peer-reviewed studies finding glyphosate can interfere with hormones. Many of the industry-funded studies contained data that suggested that exposure to glyphosate had serious effects. Yet in each case, sometimes even after animals died, the scientists found reasons to discount the findings — or to simply dismiss them. Having companies fund and perform studies that affect them financially [is] the standard practice at EPA. The International Agency for Research on Cancer labeled glyphosate a probable carcinogen in March.
Note: Read an excellent mercola.com article titled "GMO cookie is crumbling." Monsanto is trying to stop the state of California from listing Glyphosate as carcinogenic. For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.
A yearlong Associated Press investigation into sex abuse by cops, jail guards, deputies and other state law enforcement officials uncovered a broken system for policing bad officers, with significant flaws in how agencies deal with those suspected of sexual misconduct and glaring warning signs that go unreported or get overlooked. The AP examination found about 1,000 officers in six years who lost their licenses because of sex crimes that included rape, or sexual misconduct ranging from propositioning citizens to consensual but prohibited on-duty intercourse. That number fails to reflect the breadth of the problem, however, because it measures only officers who faced an official process called decertification and not all states have such a system or provided records. In states that do revoke law enforcement licenses, the process can take years, enabling problem officers to find other jobs. And while there is a national index of decertified officers [containing] the names of nearly 20,000 officers who have lost their licenses for problems that include sex abuse ... contributing is voluntary, and only 39 states do so. Michael Ragusa - now serving a 10-year prison sentence after being convicted of sexually assaulting three women - admitted during the hiring process with the Miami Police Department that he'd solicited a prostitute, committed theft, sold stolen property and abused a relative. The investigator in charge of his background check had himself been disciplined 26 times and was once arrested for falsifying documents.
Note: The article above describes many heart-wrenching examples of how government corruption can foster and abet sexual abuse. Watch an excellent segment by Australia's "60-Minutes" team titled "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this sad subject.
Two kinds of genetically modified pigs are on their way to becoming ... dinner. But consumers are wary and lack confidence in governments' readiness to regulate this new class of food product. The African swine fever resistant pig has an immune gene that is slightly more like a warthog's. The double-muscle pig has a mutation similar to one produced by normal breeding in a muscly cow breed called the Belgian blue. Lucy Sharratt, co-ordinator for the Canadian Biotechnology Network, said a major reason why consumers are wary is because of the way genetically modified foods are regulated in Canada. Health Canada doesn't do its own testing of the foods, relying instead on data generated by the companies trying to put the foods on the market, which is kept secret. It doesn't disclose what it's assessing. Nor does it consult with farmers or consumers, or require labelling of genetically modified foods after the fact. In the U.S., safety information about genetically modified foods is also kept secret.
Note: For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.
In 2015, Naropa University awarded its first-ever honorary degree. Parker Palmer ... delivered one of the greatest commencement addresses of all time — a beam of shimmering wisdom illuminating the six pillars of a meaningful human existence. In his first piece of advice, Palmer calls for living with wholeheartedness. "What I really mean ... is be passionate, fall madly in love with life. Be passionate about some part of the natural and/or human worlds and take risks on its behalf, no matter how vulnerable they make you." Palmer’s second point of counsel speaks to ... living with opposing truths. Take everything that’s bright and beautiful in you and introduce it to the shadow side of yourself. Wholeness is the goal, but wholeness does not mean perfection, it means embracing brokenness as an integral part of your life. In his third piece of advice, Palmer calls for extending this courtesy to others: As you welcome whatever you find alien within yourself, extend that same welcome to whatever you find alien in the outer world. His fourth piece of advice: Take on big jobs ... like the spread of love, peace, and justice. In his fifth point of counsel, Palmer ... offers: "Since suffering as well as joy comes with being human, I urge you to remember this: Violence is what happens when we don’t know what else to do with our suffering." In his sixth and final piece of wisdom, Palmer quotes ... Saint Benedict: “Daily, keep your death before your eyes.” If you hold a healthy awareness of your own mortality, your eyes will be opened to ... life.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The Devil's Chessboard: Allen Dulles, the CIA, and the Rise of America's Secret Government [is] a new book by Salon founder David Talbot. As Talbot explains, “What I was really trying to do was a biography on the American power elite from World War II up to the 60s.” Dulles ... served as CIA director from 1953 to 1961. Dulles would have had no moral qualms about killing any politician, including Americans. He went on to wield far greater power than most elected officials ever have. The Devil's Chessboard ... includes detailed reexaminations of Dulles's most notorious failures, such as the Bay of Pigs in 1961 and the nightmarish mind control program MK-ULTRA, as well as his most notorious "successes," the CIA's overthrow of democratic governments in Iran in 1953 and in Guatemala in 1954. As the Swiss director of the Office of Strategic Services during World War II, Dulles – whose law firm had represented German corporations and many U.S. corporations with German interests – quietly attempted to undermine Franklin D. Roosevelt's demand that Germany surrender unconditionally, going so far as to order the rescue of an SS general surrounded by Italian partisans. Dulles also led the push to save Reinhard Gehlen, Nazi head of intelligence on the Eastern Front and a genuine monster, from any post-war justice. Dulles then made certain Gehlen and his spies received a cozy embrace from the CIA, and helped push him to the top of West Germany's Federal Intelligence Service.
Note: Read more about the CIA Nazi link. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the Kennedy assassination from reliable major media sources.
The Vatican announced Monday that two members of a commission set up by Pope Francis to study financial operations at the Holy See had been arrested on suspicion of leaking confidential documents to journalists. The arrests came days before the publication of two books - “Avarizia,” or “Avarice,” by Emiliano Fittipaldi, and “Merchants in the Temple,” by Gianluigi Nuzzi. Both books claim to offer glimpses of the turmoil surrounding Francis as he pursues his reforms of Vatican finances, the operations of the Curia and the Vatican bank. Those institutions had long been plagued by scandal and corruption that contributed to the resignation in 2013 of Francis’ predecessor, Pope Benedict XVI, the first pope to step down in nearly 600 years. Divulging confidential documents has been considered a crime in the Vatican since July 2013, after the leak of a cache of Vatican documents ... which Mr. Nuzzi published. Besides reporting on the church’s vast financial holdings, Mr. Fittipaldi said he had also discovered that money given to the church for the poor was used for other purposes. Mr. Nuzzi’s book ... suggests that the Vatican’s finances were in such chaos that Benedict had no choice but to resign. “I am certainly surprised that the Vatican responds to the imminent publication of a book with handcuffs,” Mr. Nuzzi said ... particularly “when handcuffs aren’t used to stop the thieves in the Vatican.”
Note: In 2012, leaked documents revealed that the Vatican Bank was used for money laundering. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.
Much of the national debate about widening inequality ... ignores the upward redistributions going on every day, from the rest of us to the rich. These redistributions are hidden inside the market. The only way to stop them is to prevent big corporations and Wall Street banks from rigging the market. For example, Americans pay more for pharmaceuticals than do the citizens of any other developed nation. This costs you and me an estimated $3.5 billion a year - a hidden upward redistribution of our incomes to Pfizer, Merck and other big proprietary drug companies. Likewise, the interest we pay on ... loans is higher than it would be if the big banks ... had to work harder to get our business. As recently as 2000, America’s five largest banks held 25 percent of all U.S. banking assets. Now they hold 44 percent — which gives them a lock on many such loans. The net result: another hidden upward redistribution. Why have food prices been rising faster than inflation, while crop prices are now at a six-year low? Because the giant corporations that process food have the power to raise prices. Result: a redistribution from average consumers to Big Agriculture. Why do you suppose health insurance is costing us more? Health insurers are hiking rates 20 to 40 percent next year, and their stock values are skyrocketing. Add it up - the extra money we’re paying for pharmaceuticals, Internet communications, home mortgages, student loans, airline tickets, food and health insurance - and you get a hefty portion of the average family’s budget.
Note: This essay was written by former Secretary of Labor Robert Reich. For more along these lines, see concise summaries of deeply revealing income inequality news articles 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.