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Revealing News For a Better World

News Stories
Excerpts of Key News Stories in Major Media


Below are highly revealing excerpts of key news stories from the major media that suggest major cover-ups and corruption. Links are provided to the full stories on their media websites. If any link fails to function, read this webpage. These news stories are listed by date posted. You can explore the same list by order of importance or by date of news story. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Covid-19: Lancet investigation into origin of pandemic shuts down over bias risk
2021-10-01, The BMJ (Formerly British Medical Journal)
Posted: 2021-10-24 18:27:48
https://www.bmj.com/content/375/bmj.n2414

The work of a task force commissioned by the Lancet into the origins of covid-19 has folded after concerns about the conflicts of interest of one its members and his ties through a non-profit organisation to the Wuhan Institute of Virology. Task force chair Jeffrey Sachs ... told the Wall Street Journal that he had shut down the scientist led investigation into how the covid-19 pandemic started because of concerns about its links to the EcoHealth Alliance, a non-profit organisation run by task force member Peter Daszak. The decision came as evidence continued to accumulate that Daszak had not always been forthright about his research and his financial ties to the Wuhan Institute of Virology. EcoHealth Alliance has been given millions of dollars in grants by the US federal government to research viruses for pandemic preparedness. The alliance has subcontracted out its research ... to the Wuhan Institute of Virology. Shortly after the pandemic began Daszak led a February 2020 statement in the Lancet alleging that it was a "conspiracy theory" to argue that the pandemic could have started from a laboratory leak in Wuhan. "I have no conflicts of interest," Daszak later told the Washington Post. But Daszak's story began falling apart last November when the non-profit group US Right to Know published emails ... that showed he had orchestrated the Lancet statement without disclosing that he was funding Shi Zhengli through grants from the National Institutes of Health (NIH).

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


The US supreme court is deciding more and more cases in a secretive ‘shadow docket'
2021-08-31, The Guardian (One of the UK's leading newspapers)
Posted: 2021-10-24 18:25:55
https://www.theguardian.com/commentisfree/2021/aug/31/supreme-court-us-cases-...

On Tuesday, the supreme court issued an order requiring the Biden administration to reinstate the Trump-era policy that required asylum seekers from Central America to stay across the border in Mexico while their claims are adjudicated. On Thursday, the court blocked an extension of the federal emergency ban on evictions, gutting a 1944 law that gave the CDC the authority to implement such measures to curb disease, and endangering the 8m American households that are behind on rent – who now, without federal eviction protection, may face homelessness. Both of these orders last week were issued in the dead of night. Their opinions were truncated, light on the details of their legal reasoning, and unsigned. Vote counts were not issued showing how each justice decided. And despite the enormous legal and human impact that the decisions inflicted, they were the product of rushed, abbreviated proceedings. The court did not receive full briefs on these matters, heard no oral arguments and overrode the normal sequence of appellate proceedings to issue their orders. Welcome to the "shadow docket", the so-called emergency proceedings that now constitute the majority of the supreme court's business. Minimally argued, rarely justified and decided without transparency, shadow docket orders were once a tool the court used to dispense with unremarkable and legally unambiguous matters. The shadow docket's expanded use raises troubling questions – both for transparency, and for the separation of powers.

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


Portugal has nearly run out of people to vaccinate. What comes next?
2021-09-30, Washington Post
Posted: 2021-10-24 18:24:21
https://www.washingtonpost.com/world/2021/09/30/portugal-vaccination-covid/

Some 85 percent of Portugal's population is fully vaccinated. Portugal's feat has turned the country into a cutting-edge pandemic laboratory – a place where otherwise-hypothetical questions about the coronavirus endgame can begin to play out. Chief among them is how fully a nation can bring the virus under control when vaccination rates are about as high as they can go. Portugal's experience is ... providing a note of caution: a reminder that 1˝ years into this pandemic, the current tools of science still might not be enough. Herd immunity remains elusive. "We have achieved a good result, but it's not the solution or miracle one would think," Portugal's health minister, Marta Temido, said in an interview. In Portugal, seniors are vaccinated at a level verging on the statistically impossible: Official data puts the rate at 100 percent. But many were also vaccinated more than half a year ago – and studies from around the world, from the United States to Israel, have warned of a drop in protection by that point. One of the biggest warnings of all has come from a science institute in Lisbon, where researchers have been measuring antibody levels in several thousand people – including about 500 in Portuguese nursing homes. Shortly after those nursing home residents were vaccinated, all with the vaccine from Pfizer-BioNTech, 95 percent developed antibodies, the researchers found. But this summer ... more than one-third of the residents had lost antibodies entirely.

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


The fiasco of the 1976 'swine flu affair'
2020-09-27, BBC News
Posted: 2021-10-24 18:22:53
https://www.bbc.com/future/article/20200918-the-fiasco-of-the-us-swine-flu-af...

[During] the "swine flu affair of 1976" ... a US president decided to rush a vaccine to the entire American population based on ill-founded science and political imprudence. The mistakes that followed hold lessons for today. Lawsuits, side-effects and negative media coverage followed, and the events dented confidence in public health for years to come. It began at a US Army training base. In February 1976, several soldiers at Fort Dix fell ill with a previously unrecognised swine flu. In March, President Ford announced a $137m (Ł67.5m in 1976) effort to produce a vaccine by the autumn. Its goal was to immunise every man, woman and child in the US. The president himself was vaccinated on television on 14 October, further heightening perceptions that this was a politicised event. As has happened throughout the Covid-19 pandemic of 2020, the scientists could only give the best advice they could based on incomplete knowledge. As the months continued – still with no outbreak – new problems arose. Millions of vaccinations meant dozens of cases of Guillain-Barre syndrome, a rare problem where the body's immune system attacks the nerves. The swine flu strain spotted at Fort Dix was not dangerous, and there would be no pandemic. When politicians in the present day talk of "the science" as if it is a complete body of knowledge, a manual for what to do, it neglects the uncertainty of evidence and ignores that science is a human endeavour. The swine flu affair, the New York Times concluded, had been a "sorry debacle" and "fiasco" marked by political expediency and unwarranted confidence.

Note: Watch an incrediby revealing "60 Minutes" video clip on this tragic story of greed and corruption at the highest levels. Read also a Los Angeles Times article on this 1976 "debacle" where only one died from the flu while at least 25 died from the vaccine. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and vaccines from reliable major media sources.


Jeffrey Epstein believed he could make a deal with prosecutors by revealing the secrets of Donald Trump or Bill Clinton, a new book says
2021-10-16, Yahoo! News
Posted: 2021-10-24 18:21:28
https://www.yahoo.com/now/jeffrey-epstein-believed-could-deal-095404287.html

Jeffrey Epstein believed he could make a deal with prosecutors by revealing secrets about former presidents Bill Clinton and Donald Trump, according to a new book by Michael Wolff. The disgraced financier and convicted sex offender was arrested in July 2019 on sex trafficking charges, and died a month later in his jail cell. In his new book, "Too Famous: The Rich, the Powerful, the Wishful, the Damned, the Notorious," Michael Wolff reveals Epstein's thinking in his final few months. According to the book, Epstein believed that The Justice Department had arrested him, under the instruction of then-President Donald Trump, because they wanted information on Bill Clinton, who had flown on his private jet multiple times. "The White House, through the Justice Department, was looking to press a longtime Republican obsession ... and get Epstein to flip and reveal the sex secrets of Bill Clinton," Wolff wrote. Epstein also believed New York prosecutors who were investigating Trump's business affairs might have ordered his arrest to "pressure him to flip on Trump," Wolff reportedly suggests in the book. Wolff revealed that months before Epstein's death, he visited the billionaire. During Wolff's visit, Steve Bannon reportedly called Epstein on the phone and told him that he had feared him during Donald Trump's presidential campaign because he thought the financier knew secrets about Trump. "You were the only person I was afraid of during the campaign," Bannon told Epstein.

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


Merck wants Americans to pay $712 for a Covid drug that taxpayers helped develop
2021-10-14, The Guardian (One of the UK's leading newspapers)
Posted: 2021-10-24 18:19:50
https://www.theguardian.com/commentisfree/2021/oct/14/merck-drug-prices-us-he...

Merck is planning to charge Americans 40 times its cost for a Covid drug whose development was subsidized by the American government. Americans are facing not merely expensive drugs but prices that are examples of outright profiteering. In many cases, the medicines we are being gouged on are those that we the public already paid for. These facts show us that pharma-bankrolled Democrats trying to kill drug pricing measures aren't just bought and paid for in this particular skirmish – they are foot soldiers in the pharmaceutical industry's larger multi-decade campaign to seal off and rig America's alleged "free market". A new Public Citizen analysis shows that the 20 top-selling medicines generated almost twice as much pharmaceutical industry revenue in the United States as in every other country combined. For all the pharmaceutical industry's self-congratulatory rhetoric about its own innovations, the federal government uses your tax dollars to fund a lot of that innovation, research and development. A study from the National Academy of Sciences tells that story: the federal government spent $100bn to subsidize the research on every single one of the 200-plus drugs approved for sale in the United States between 2010 and 2016. We now routinely face immoral situations like last week's news that pharmaceutical giant Merck is planning to charge Americans $712 for a Covid drug that cost only $17.74 to produce and whose development was subsidized by the American government.

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.


Drug Industry Hires its Former Critics as Lobbyists Against Medicare Price Negotiations
2021-10-13, The Intercept
Posted: 2021-10-24 18:18:23
https://theintercept.com/2021/10/13/medicare-drug-lobbying-former-democratic-...

The popular, once bipartisan idea to hold down Medicare costs is now at the center of President Joe Biden's domestic agenda. Legislation backed by the administration calls for Medicare to mirror other government agencies, such as the Department of Veterans Affairs, in being able to negotiate for cheaper medicine through the Part D program. The idea could potentially save the government nearly $500 billion over a decade. The drug pricing proposal could also translate to lower prescription costs across the board. The drug industry, according to its top lobbyist, Stephen Ubl, has made defeating the provision its top priority. Inside the Beltway, the opposition is coming from familiar faces. Many leading Democratic lawmakers and staff have been hired by the drug industry to convince their former colleagues to abandon the drug pricing proposal. Pfizer alone has assembled a lobbying team that includes Dean Aguillen, a former adviser to House Speaker Nancy Pelosi, D-Calif.; Remy Brim, a former health policy adviser to Sen. Elizabeth Warren, D-Mass.; and over half a dozen aides to senior Senate Democrats. Ann Jablon, former chief of staff to Rep. Richard Neal, D-Mass. ... currently represents several drug companies as a lobbyist, including Amgen Inc., Astellas Pharma, and Bayer. Pharmaceutical Research and Manufacturers of America, the trade group that represents the largest drug companies in the world, has also gone on a hiring spree of Democratic lobbyists.

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


Revealed: Facebook's Secret Blacklist of "Dangerous Individuals and Organizations
2021-10-12, The Intercept
Posted: 2021-10-24 18:16:44
https://theintercept.com/2021/10/12/facebook-secret-blacklist-dangerous/

To ward off accusations that it helps terrorists spread propaganda, Facebook has for many years barred users from speaking freely about people and groups it says promote violence. The restrictions appear to trace back to 2012, when ... Facebook added to its Community Standards a ban on "organizations with a record of terrorist or violent criminal activity." This modest rule has since ballooned into what's known as the Dangerous Individuals and Organizations policy, a sweeping set of restrictions on what Facebook's nearly 3 billion users can say about an enormous and ever-growing roster of entities deemed beyond the pale. But as with other attempts to limit personal freedoms in the name of counterterrorism, Facebook's DIO policy has become an unaccountable system that disproportionately punishes certain communities, critics say. It is built atop a blacklist of over 4,000 people and groups, including politicians, writers, charities, hospitals, hundreds of music acts, and long-dead historical figures. A range of legal scholars and civil libertarians have called on the company to publish the list so that users know when they are in danger of having a post deleted or their account suspended for praising someone on it. The company has repeatedly refused to do so, claiming it would endanger employees and permit banned entities to circumvent the policy. The Intercept has reviewed a snapshot of the full DIO list and is today publishing a reproduction of the material in its entirety.

Note: Facebook was found to be the number one platform for political disinformation campaigns in 2019. For more along these lines, see concise summaries of deeply revealing news articles on media corruption from reliable sources.


Time millionaires: meet the people pursuing the pleasure of leisure
2021-10-12, The Guardian (One of the UK's leading newspapers)
Posted: 2021-10-24 18:15:04
https://www.theguardian.com/lifeandstyle/2021/oct/12/time-millionaires-meet-t...

When the pandemic began, Gavin, now working as a software engineer, realised, to his inexhaustible joy, that he could get away with doing less work than he had ever dreamed of, from the comfort of his home. He would start at 8.30am and clock off about 11am. To stop his laptop from going into sleep mode – lest his employers check it for activity – Gavin played a 10-hour YouTube video. "I work to pay my bills and keep a roof over my head," he says. "I don't see any value or purpose in work. Zero. None whatsoever." Gavin's job is an unfortunate expediency that facilitates his enjoyment of the one thing that does matter to him in life: his time. "Life is short," Gavin tells me. "I want to enjoy the time I have. We are not here for a long time. We are here for a good time." And for now, Gavin is living the good life. He's a time millionaire. First named by the writer Nilanjana Roy in a 2016 column in the Financial Times, time millionaires measure their worth not in terms of financial capital, but according to the seconds, minutes and hours they claw back from employment for leisure and recreation. "Wealth can bring comfort and security in its wake," says Roy. "But I wish we were taught to place as high a value on our time as we do on our bank accounts – because how you spend your hours and your days is how you spend your life." Perhaps time isn't a bank account, but a field. We can grow productive crops, or things of beauty. Or we can simply do nothing, and let the wildflowers grow. Everything is of beauty, everything is of equal value.

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


Colrerd Nkosi, the Malawian self-taught electrician who powered up his village
2021-08-31, Africa News
Posted: 2021-10-24 18:13:42
https://www.africanews.com/2021/08/31/colrerd-nkosi-the-malawian-self-taught-...

Fifteen years ago, when darkness used to fall in Yobe Nkosi, a remote village in northern Malawi, children did their school homework by candlelight: there was no electricity. But that started to change in 2006, when villager Colrerd Nkosi finished secondary school in Mzimba, some 40 kilometres (25 miles) away, and returned home -- and found he could no longer live without power. Aged 23 at the time, Nkosi soon figured out that a stream gushing past the house where he grew up had just enough force to push the pedals on his bicycle. He created a makeshift dynamo that brought power into his home. Word spread quickly among the cluster of brick houses and neighbours began paying regular visits to charge their mobile phones. "I started getting requests for electricity (and) decided to upgrade," said Nkosi, now 38, sawing through machinery on his veranda in blue overalls. With no prior training, he turned an old fridge compressor into a water-powered turbine and put it in a nearby river, generating electricity for six households. Today, the village is supplied by a bigger turbine, built from the motor of a disused maize sheller - a machine that skims kernels of corn off the cob. The gadget has been set up on the village outskirts. The power is carried along metal cables strung from a two-kilometre (one-mile) line of tree trunks topped with wooden planks. The users pay no fee for the power but give Nkosi some money for maintenance - slightly more than $1.00 (0.85 euros) per household per month.

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


Hope and connection: La Jollan plans to make a tradition of inviting messages on her ‘wishing trees'
2021-10-08, La Jolla Light
Posted: 2021-10-24 18:12:24
https://www.lajollalight.com/news/story/2021-10-08/hope-and-connection-la-jol...

After collecting hundreds of wishes the past year and a half on the trees outside her home, a La Jolla resident is sending her "wishing trees" into hibernation. Molly Bowman-Styles began her wishing trees in May 2020 as a response to the first weeks of isolation brought on by the COVID-19 pandemic. "One morning I woke up and I thought, ‘This is awful," she said of the pandemic and the concurrent, unrelated illnesses of her father and dog. "I just felt so disconnected and out of sorts." Bowman-Styles said she looked for a way to "feel connected to other people but at the same time help them to express how they're feeling through all this, because I know I'm not alone." She looked through her windows at her trees and had the idea to hang colorful index cards in leftover envelopes from the branches, with markers and paper clips to enable passersby to write on the cards and rehang them. "I wrote on the envelopes, ‘Make a wish for our world' and ‘Share a message of hope,'" Bowman-Styles said. And many people did. "I was excited, because in the morning I'd wake up and I had more cards and I read each and every one of them," Bowman-Styles said. In the first few weeks the cards were hung, Bowman-Styles lost both her father and dog. "I cannot tell you how [the trees] helped me so much with my grief," she said. Bowman-Styles said one of her favorite cards, written by a child during the divisive 2020 presidential election, read, "I love everybody."

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


Epstein: Met to take no action after Prince Andrew review
2021-10-11, BBC News
Posted: 2021-10-18 01:26:54
https://www.bbc.com/news/uk-58866108

The Metropolitan Police will not take any further action against the Duke of York following a review prompted by Jeffrey Epstein accuser Virginia Giuffre. Ms Giuffre is suing Prince Andrew in the US for allegedly sexually assaulting her when she was a teenager. Prince Andrew has consistently denied Ms Giuffre's allegations. A source close to the duke told PA Media it had "come as no surprise" the Met had decided to drop its probe. They added: "Despite pressure from the media and claims of new evidence, the Met have concluded that the claims are not sufficient to warrant any further investigation. In August, the Met said it would review its decision not to investigate allegations connected to Epstein. Ms Giuffre, 38, claims she was sexually assaulted by the prince at three locations - London, New York and on Epstein's private island in the Caribbean. Her case claims Prince Andrew engaged in sexual acts without Ms Giuffre's consent, including when she was 17. The Met also confirmed it had completed its review into allegations reported in June by broadcaster Channel 4 News that British socialite Ghislaine Maxwell, Epstein's former girlfriend, trafficked, groomed and abused women and girls in the UK. The force said it had "reviewed information passed to us by a media organisation in June" and decided that "no further action will be taken". In August 2019, US financier Epstein was found dead in his cell in New York's Metropolitan Correctional Center.

Note: Once again a major child sex abuse case, in this case that of Jeffrey Epstein, fades from public view with no action taken. This New York magazine report has a wealth of information on Jeffrey Epstein's very strange death. Explore a complex yet very informative timeline of Epstein and his relationship to the Mossad and much more. Many links are made here with verifiable information that the major media has failed to report. For more, see concise summaries of deeply revealing news articles on Jeffrey Epstein from reliable major media sources.


Increases in COVID-19 are unrelated to levels of vaccination across 68 countries and 2947 counties in the United States
2021-09-30, European Journal of Epidemiology
Posted: 2021-10-18 01:24:56
https://link.springer.com/article/10.1007/s10654-021-00808-7

We used COVID-19 data provided by the Our World in Data for cross-country analysis, available as of September 3, 2021. We included 68 countries that met the following criteria: had second dose vaccine data available; had COVID-19 case data available; had population data available; and the last update of data was within 3 days prior to or on September 3, 2021. For the 7 days preceding September 3, 2021 we computed the COVID-19 cases per 1 million people for each country as well as the percentage of population that is fully vaccinated. At the country-level, there appears to be no discernable relationship between percentage of population fully vaccinated and new COVID-19 cases in the last 7 days. In fact, the trend line suggests a marginally positive association such that countries with higher percentage of population fully vaccinated have higher COVID-19 cases per 1 million people. Notably, Israel with over 60% of their population fully vaccinated had the highest COVID-19 cases per 1 million people in the last 7 days. The lack of a meaningful association between percentage population fully vaccinated and new COVID-19 cases is further exemplified, for instance, by comparison of Iceland and Portugal. Both countries have over 75% of their population fully vaccinated and have more COVID-19 cases per 1 million people than countries such as Vietnam and South Africa that have around 10% of their population fully vaccinated.

Note: Learn more about these eye-opening findings on this webpage. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.


Richest Americans fail to pay $163 billion in taxes, Treasury estimates
2021-09-08, CBS News
Posted: 2021-10-18 01:23:06
https://www.cbsnews.com/news/tax-avoidance-richest-americans-163-billion/

The top 1% of Americans are avoiding paying an estimated $163 billion in taxes a year, according to the Treasury Department. That is pushing the estimated tax gap, the amount of money owed by taxpayers that isn't collected, to nearly around $600 billion annually, and to approximately $7 trillion in lost revenue over the next decade, the Treasury Department finds. Tax evasion is concentrated among the wealthy in part because high-income taxpayers are able to employ experts who can better shield them from reporting their true incomes. More complicated incomes such as partnerships and proprietorships – more frequent among high earners – have a far greater noncompliance rate that can hit as high as 55%. "The tax gap can be a major source of inequity. Today's tax code contains two sets of rules: one for regular wage and salary workers who report virtually all the income they earn; and another for wealthy taxpayers, who are often able to avoid a large share of the taxes they owe," wrote Treasury Deputy Assistant Secretary for Economic Policy Natasha Sarin. The IRS is unable to collect about 15% of taxes owed and the lack of resources has led to a fall in audit rates. For the IRS to appropriately enforce tax laws against high earners and large corporations, it would need money to hire and train agents who can examine thousands of pages of sophisticated tax filings. The Biden administration is pushing to raise the IRS budget by $80 billion over 10 years to help increase enforcement, IT and taxpayer services.

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


America's richest 400 families pay a lower tax rate than average taxpayer
2021-09-23, CNBC News
Posted: 2021-10-18 01:21:09
https://www.cnbc.com/2021/09/23/americas-richest-400-families-pay-a-lower-tax...

The wealthiest 400 American families paid an 8.2% average rate on their federal individual income taxes from 2010 to 2018, according to a White House analysis published Thursday. Those richest 400 families represent the top 0.0002% of all taxpayers. Their estimated tax rate, paid on $1.8 trillion of income over the nine-year period, is "low" relative to other taxpayers, according to the report. By comparison, Americans paid an average 13.3% tax rate on their income in 2018, according to a Tax Foundation analysis. The analysis comes as Democrats have proposed raising taxes on the rich and corporations to help fund up to $3.5 trillion of investments education, paid leave, healthcare, childcare and measures to curb climate change. The report's findings are similar to those of a recent ProPublica investigation, which found that some of the world's richest men (Jeff Bezos, Michael Bloomberg, Warren Buffett, Carl Icahn, Elon Musk and George Soros) pay a tiny fraction of their wealth in tax. The 25 richest Americans paid a true federal tax rate of 3.4% from 2014 to 2018, while seeing their net worth grow by $401 billion, according to the investigation, which cited confidential IRS data. Low- and middle-earners pay most of their income tax from wages on jobs. In contrast, the wealthiest Americans generate the bulk of their income from investments, which, if held longer than a year, are taxed at a lower rate than wages.

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


Super rich's wealth concentration surpasses Gilded Age levels
2021-07-07, Yahoo! News
Posted: 2021-10-18 01:19:32
https://news.yahoo.com/super-richs-wealth-concentration-surpasses-gilded-age-...

The wealth of the richest 0.00001% of the U.S. now exceeds that of the prior historical peak, which occurred in the Gilded Age, according to economist Gabriel Zucman. In the late 19th century, the U.S. experienced rapid industrialization and economic growth, creating an inordinate amount of wealth for a handful of families. This era was also known for its severe inequality; and some have called the period that began around 1990 a "Second Gilded Age." Back then, just four families represented the richest 0.00001% – today's equivalent is 18 families. Zucman, a French economist whose doctoral advisor was the historical economist Thomas Piketty, author of bestseller "Capital in the Twenty-First Century," released data this week showing that as of July 1, the top 0.00001% richest people in the U.S. held 1.35% of the country's total wealth. These 18 families include those of Jeff Bezos, Mark Zuckerberg and Bill Gates. The richest 0.01% – around 18,000 U.S. families – have also surpassed the wealth levels reached in the Gilded Age. These families hold 10% of the country's wealth today, Zucman wrote. By comparison, in 1913, the top 0.01% held 9% of U.S. wealth, and a mere 2% in the late 1970s. The increasing concentration of wealth comes as the ultra-rich face more scrutiny for the money they're not paying in taxes. Recent reports have highlighted that because so much of their wealth consists of unrealized gains in stocks and real estate, they pay little or nothing in income tax.

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


NYT issues correction after significantly overstating COVID hospitalizations in children
2021-10-08, ABC News (South Carolina affiliate)
Posted: 2021-10-18 01:17:49
https://abcnews4.com/news/nation-world/nyt-issues-correction-after-significan...

The New York Times (NYT) issued a correction to one of its stories this week, which significantly overstated the number of U.S. children who have been hospitalized for COVID-19. The article discussed how countries were moving to "revisit the one-dose strategy" due to concerns over health data suggesting myocarditis was more common in children who receive the COVID-19 vaccine than previously thought. The U.S. has not changed its guidance on the issue since June. The Centers for Disease Control and Prevention voted that month to recommend the vaccine for children older than 12 because "the benefits far outweighed the risk." The NYT used the misstated statistic as background information meant to describe the extent of COVID-19's effect on U.S. children. The Oct. 7 correction read: "The article also misstated the number of Covid hospitalizations in U.S. children. It is more than 63,000 from August 2020 to October 2021, not 900,000 since the beginning of the pandemic." Other errors from the article were also discussed in the correction placed at the end of the article. Those errors include incorrectly describing "actions taken by regulators in Sweden and Denmark," who halted the use of pharmaceutical manufacturer Moderna's vaccine for children. The NYT reported the two countries had only halted booster shots, not the vaccine entirely. The article also misstated the timing of a Food and Drug Administration meeting on the authorization of the Pfizer-BioNTech vaccine for children.

Note: These corrections are generally issued as a footnote, which practically no one reads. Note that the original article overstated the number of children hospitalized by nearly 1,500%. How could the respected "newspaper of record" get such important information so wrong? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and mass media from reliable sources.


Trying to Make Sense of COVID's Mysterious 2-Month Cycle
2021-10-04, Seattle Times
Posted: 2021-10-18 01:15:29
https://www.seattletimes.com/nation-world/trying-to-make-sense-of-covids-myst...

COVID-19 is once again in retreat. The reasons remain somewhat unclear. "This is as good as the world has looked in many months," Dr. Eric Topol of Scripps Research wrote. The most encouraging news is that the most serious forms of COVID are also declining. The number of Americans hospitalized with COVID has fallen about 25% since Sept. 1. Daily deaths ... have fallen 10% since Sept. 20. It is the first sustained decline in deaths since early summer. These declines are consistent with a pattern that readers will recognize: COVID's mysterious two-month cycle. Since the COVID virus began spreading in late 2019, cases have often surged for about two months – sometimes because of a variant, such as delta – and then declined for about two months. Public health researchers do not understand why. Many popular explanations – such as seasonality or the ebbs and flows of mask wearing and social distancing – are clearly insufficient, if not wrong. The two-month cycle has occurred during different seasons of the year and occurred even when human behavior was not changing in obvious ways. The most-plausible explanations involve some combination of virus biology and social networks. Human behavior does play a role, with people often becoming more careful once caseloads begin to rise. But social distancing is not as important as public discussion of the virus often imagines. "We've ascribed far too much human authority over the virus," as Michael Osterholm, an infectious-disease expert ... has said.

Note: Isn't it interesting that both masks and vaccines have had no clear impact on these cycles? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


San Francisco should be like Europe when it comes to COVID, kids, masks and schools
2021-10-13, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2021-10-18 01:13:30
https://www.sfgate.com/politics-op-eds/article/San-Francisco-school-mask-mand...

This week, San Francisco is expected to once again ease certain indoor mask mandates for portions of the adult population. Noticeably lacking in the new guidance is any update for school and child care mask mandates or even any acknowledgment that kids might also need more normal routines and interactions. Considering they are in peak development years, children need these things even more than adults. There also hasn't been a single COVID-19-related death under the age of 20 in San Francisco. The Centers for Disease Control and Prevention's COVID-19 risk assessments by age estimate that simply being a child aged five to 17 is 99.9994% protective against the risk of death and 98% protective against hospitalization. Even with this established good news, San Francisco remains an outlier on child mask mandates compared to the vast majority of Europe. The CDC's European counterpart the European Centre for Disease Prevention and Control only recommends masking for children ages 12 and up. England ... has never masked children in school. Similarly, Sweden has continued to run school as normal, even during their peak COVID-19 wave. Norway has also never recommended face masks for any age of schooling, while Finland, Denmark, Iceland, Ireland, the Netherlands and Switzerland have either never recommended masks on elementary age students or have shifted to no masks for the current school year.

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The U.S. solar industry posted record growth in 2020 despite Covid
2021-03-16, CNBC News
Posted: 2021-10-18 01:11:40
https://www.cnbc.com/2021/03/16/the-us-solar-industry-posted-record-growth-in...

U.S. solar installations reached a record high in 2020 as favorable economics, supportive policies and strong demand in the second half of the year offset the impact of the coronavirus pandemic. Installations grew 43% year over year, reaching a record 19.2 gigawatts of new capacity, according to a report released Tuesday from the Solar Energy Industries Association and Wood Mackenzie. In the fourth quarter alone, the U.S. added just over 8 GW of capacity – a quarterly record. That's more than the capacity added in all of 2015, which was 7.5 GW. California, Texas and Florida were the top three states for annual solar additions for the second year running. Virginia and North Carolina rounded out the top five. In the U.S., solar represented 43% of all new electricity generating capacity added in 2020, its largest ever share of new generating capacity. Solar is also the cheapest form of new power in many places. "Residential solar sales continue to exceed expectations as loan providers roll out attractive products, interest in home improvement surges, and customers suffering through power outages from extreme weather events seek energy resilience," the report said. The report also looked for the first time at growth forecasts through 2030, projecting that the U.S. solar market will quadruple from current levels by the end of the decade. The growth is expected to be spread across markets as customers, utilities, states and corporations push to decarbonize the grid.

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