News StoriesExcerpts of Key News Stories in Major Media
Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
YouTube has removed two videos of California doctors ... Dan Erickson and Artin Massihi of Bakersfield, California [which] downplayed the risk of the coronavirus and asserted that stay-at-home measures were unnecessary. Facebook, however, has not removed the doctors' videos. The different reactions of YouTube and Facebook highlight the challenges of moderating high-stakes misinformation as it goes viral, especially when it is considered to be expert opinion. The video removed by YouTube showed a one-hour news conference livestreamed by local media, including NBC and ABC affiliates in Bakersfield. By Wednesday, the video had been seen at least 15 million times. Erickson and Massihi, owners of several urgent care centers in the area, presented data from 5,213 COVID-19 tests. The data, they claimed, showed that the coronavirus was widespread in the community already but had caused few deaths. Their data, they said, supported the need to rethink state stay-at-home measures. Furthermore, Erickson ... claimed that COVID-19 death numbers were inaccurate, citing other unnamed doctors in Wisconsin and California who he said had told him that they were urged to list the disease as a cause of death even if it was unrelated. "The only justification for taking it down was that the two physicians on screen had reached different conclusions from the people currently in charge," said Fox News host Tucker Carlson. Massihi posted a video to his personal Facebook page Tuesday thanking supporters while insisting that their comments were meant only to share their own data, not to drive national or even state policy.
Note: Watch an excellent follow-up interview with Dr. Erickson exposing further deception. Even if these doctors are wrong about some of their conclusions, don't they have a right to express their opinions? Will anyone who disputes the claims of government officials be banned from expressing their opinions on social media? Sadly, this BBC article shows that is already true for the coronavirus on YouTube. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
At least 43,000 American millionaires who are too rich to get coronavirus stimulus checks are getting a far bigger boost — averaging $1.6 million each, according to a congressional committee. The Coronavirus Aid, Relief, and Economic Security (CARES) Act trumpeted its assistance for working families and small businesses, but it apparently contains an even bigger benefit for wealthy business owners, the committee found. The act allows pass-through businesses — ones taxed under individual income, rather than corporate — an unlimited amount of deductions against their non-business income, such as capital gains. They can also use losses to avoid paying taxes in other years. That gives the roughly 43,000 individual tax filers who make at least $1 million a year a savings of $70.3 billion — or about $1.6 million apiece, according to the Joint Committee on Taxation. Hedge-fund investors and real estate business owners are “far and away” the ones who will benefit the most, tax expert Steve Rosenthal [said]. Rep. Lloyd Doggett (D-Texas) claimed that “someone wrongly seized on this health emergency to reward ultrarich beneficiaries.” “For those earning $1 million annually, a tax break buried in the recent coronavirus relief legislation is so generous that its total cost is more than total new funding for all hospitals in America and more than the total provided to all state and local governments,” he stressed in a statement.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus pandemic from reliable major media sources.
Dr. Anthony Fauci, a leading health expert and member of President Donald Trump's coronavirus task force, predicted three years ago that the administration would have to deal with a surprise disease outbreak. The director of the National Institute of Allergy and Infectious Diseases (NIAID) told a Georgetown University event on pandemic preparedness in January 2017 that there was "no doubt" President Trump's team would face "challenges that their predecessors were faced with" over infectious diseases. He also called for the creation of a "public health emergency fund" aimed at handling situations such as a surprise virus outbreak, adding that waits for funding had been "painful" in the past. Delivering a keynote speech at the Georgetown University Medical Center event, Dr. Fauci said: "If there's one message that I want to leave with you today... is that there is no question that there will be a challenge to the coming administration in the arena of infectious diseases. "Both chronic infectious diseases in the sense of already ongoing disease, and we have certainly a large burden of that, but also there will be a surprise outbreak." "And I hope by the end of my relatively short presentation you will understand why history ... will tell the next administration that there's no doubt in anyone's mind that they will be faced with the challenges that their predecessors were faced with." He went on to note that over his career he had advised several president's on a range of emerging infectious diseases.
Note: How could Fauci possibly have known with such certainty back in 2017 that there would be a surprise outbreak? Something is fishy here. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.
Stimulus checks are right now being sent to millions of Americans in a desperate bid to offset the economic devastation caused by the coronavirus pandemic. The stimulus checks are being wired to eligible people's bank accounts with some 50 million to 70 million of them expected to appear in accounts tomorrow. However, Congress did not exempt the CARES Act stimulus checks from private debt collection and Bank of America, Citibank, and U.S. Bank have not ruled out using payments to offset outstanding debts. The Treasury Department last week appeared to green light banks to take advantage of the coronavirus crisis to collect prior debt, it has been reported by The American Prospect magazine, citing leaked audio from a meeting with bank officials. Bank of America, Citibank, and U.S. Bank failed to clarify their position on whether stimulus checks would be used to pay off outstanding debts, with JPMorgan Chase confirming it would return the money to the government so the recipient can get the full benefit of the stimulus and Wells Fargo promising it won't use the stimulus checks to pay down negative balances. The report has caused frustration among the progressive financial community. "Money should be harder to seize," Neeraj Agrawal of cryptocurrency policy think tank Coincentre said. An early draft stimulus bill put together by the U.S. Democratic Party did include a provision for a so-called digital dollar that would have allowed the stimulus checks to bypass bank accounts ... but it was cut from the final bill.
Note: For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption and the coronavirus pandemic from reliable major media sources.
Our government, in order to save millions of small businesses that face financial ruin caused by forced closings and “shelter-in-place” orders, has approved $350bn to aid those flailing businesses. In order to get this money to as many businesses as fast as possible, the government decides to ... lean on the already established Small Business Administration (SBA) and its vast network of member banks. They do this with the Paycheck Protection Program (PPP), which was part of a $2.2tn stimulus bill. “Just loan these desperate small businesses money,” the government tells these banks. “We’ll guarantee it, and even forgive it.” Some banks – particularly smaller, independent banks ... were the first to process loan applications for their struggling small business customers last Friday when the SBA opened their loan window. And then there’s Bank of America, Wells Fargo and other large banks like JPMorgan Chase and Citigroup who have all said “not so fast”. These banks last week, at such a critical moment, gathered together and decided to slow things down. They limited loans only to customers and credit card holders. They came up with “new” lending requirements and asked for more documentation over and above SBA guidelines. They capped the amount of loans they would make. Choosing to only favor customers over everyone else, requiring excessive documentation or capping loans was a bad and misguided decision. Not being more proactive in the weeks they had to prepare was poor planning.
Note: For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption and the coronavirus pandemic from reliable major media sources.
A few days after preliminary results from a large-scale antibody study in Santa Clara County suggested coronavirus infections in the county are underreported by a factor as large as 50 to 85, results from a newly-released antibody study conducted in Los Angeles County contained similar findings. The L.A. antibody study was conducted by the University of Southern California and the Los Angeles County Department of Public Health. Unlike the Stanford study, where participants were recruited via Facebook ads, participants in the Los Angeles County were recruited by market services firm LRW Group, which used a large proprietary database to create a random sample of the county population. Of the 1,000 individuals tested in early April, 4.1 percent were found to have COVID-19 antibodies. When adjusting for statistical margin of error, the study finds that 2.8 percent to 5.6 percent of the county's adult population has already been infected, which translates to 221,000 to 442,000 people. If infections are this vastly underreported, then the mortality rate of COVID-19 is substantially lower than current estimates. The Stanford researchers ... projected deaths through April 22 and divided that figure by the number of infections to calculate a "true" mortality rate of .12 to .20 percent when using the weighted figures. Using the unweighted numbers ... one gets a "true" mortality rate of .35 percent, a number almost identical to the mortality rate calculated following antibody tests in a hard-hit German town.
Note: The WHO has claimed a mortality rate of 3.4%, 10 times higher than these studies are showing. The Washington Post on April 17th wrote a very misleading article with "U.S. coronavirus fatality rate rises to 5 percent" as part of the headline, despite knowing about the above study. Could it be that fear mongering serves the WHO, the media, and elites? For more along these lines, see concise summaries of deeply revealing news articles on health and the coronavirus pandemic from reliable major media sources.
Countries like the UK that have closed schools to help stop the spread of coronavirus should ask hard questions about whether this is now the right policy, says one team of scientists. The University College London team says keeping pupils off has little impact, even with other lockdown measures. The research, published in The Lancet Child and Adolescent Health, looked at 16 studies - some based on the spread of coronavirus, and others on seasonal flu and the 2003 Sars outbreak. While school closures help during influenza outbreaks, the same may not apply to coronavirus. Data from the Sars outbreak ... suggest that school closures did not contribute to the control of the epidemic. Recent modelling studies of Covid-19 predict that school closures alone would prevent only 2%-4% of deaths, many fewer than other social distancing interventions. One of the research authors, Prof Russell Viner, said: "Data on the benefit of school closures in the coronavirus outbreak is limited, but what we know shows that their impact is likely to be only small. Additionally, the costs of national school closures are high - children's education is damaged and their mental health may suffer, family finances are affected. Policymakers need to be aware of the equivocal evidence." He says policymakers must weigh up the possible harms and reopen schools at the earliest opportunity - and not necessarily wait until September if it can be done safely sooner.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.
It might not be until fall 2021 that Americans "can be completely safe" from COVID-19, Bill Gates said in a Tuesday interview with Judy Woodruff on PBS Newshour. That's because it will take more than a year before a vaccine can be developed and deployed, according to researchers working to develop a treatment for COVID-19. "The vaccine is critical, because, until you have that, things aren't really going to be normal," the billionaire philanthropist told Woodruff. "They can open up to some degree, but the risk of a rebound will be there until we have very broad vaccination." Social distancing is helping to lower the number of COVID-19 cases. The goal, Gates explained, is to get that number down to a point where "contact tracing" (a process in which those within close contact with an infected person are closely monitored) can be done, in order to maintain necessary quarantines. To understand what life in the U.S. will look like six to 12 months from now, Gates suggested China as a good model. "They are sending people back to work, but they're wearing masks. They're checking temperatures. They're not doing large sporting events. And so they have been able to avoid a large rebound," he said. Beyond that, "returning to some semblance of normal," as Woodruff put it, can be predicted by watching the behaviors of other countries. Sweden, for example, isn't "locking down quite as much," so their experience will be informative, Gates explained.
Note: In this video interview, Gates says we need to vaccinate everyone in the world. And he wants indemnity in case the vaccine he sponsors ends up killing or injuring many. Learn more about how Gates uses his billions to gain political power. And don't miss this most important video focused on how he is using fear of the virus to promote his agenda to require a "digital certificate" to ensure they've been vaccinated. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.
As millions of jobless Americans line up for food and others risk their lives delivering essential services, the nation's billionaires are making conspicuous donations - $100 million from Amazon's Jeff Bezos for food banks, billions from Microsoft co-founder Bill Gates for a coronavirus vaccine, thousands of ventilators and N95 masks from Elon Musk, $25 million from the Walton family and its Walmart foundation. The list goes on. Much of this is self-serving rubbish. First off, the amounts involved are tiny relative to the fortunes behind them. Bezos' $100 million amounts to about 11 days of his income. The well-publicized philanthropy also conveniently distracts attention from how several of these billionaires are endangering their workers and, by extension, the public. Bezos still doesn't provide sick leave for Amazon workers unless they test positive. On March 20, four senators sent him a letter expressing concern that the company wasn't doing enough to protect its warehouse workers. [Another] way conspicuous philanthropy is self-serving is by suggesting that government shouldn't demand more from the super-rich, even in a national emergency. As Rupert Murdoch's Wall Street Journal editorial page put it, if we had a wealth tax like Elizabeth Warren proposed, "it's unlikely [Bill Gates] would have the capacity to act this boldly." That's absurd. Warren's tax would have cost Gates about $6 billion a year, roughly his annual income from his $100 billion. The worst fear of the billionaire class is that the government's response to the pandemic will lead to a permanently larger social safety net.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.
The statewide order to shelter in place that went into effect on March 20 had a beneficial side-effect: Accidents, injuries and fatalities on California roadways were cut in half, saving the state and residents of California $1 billion, according to a UC Davis study. In the 22 days after the shelter-in-place order (March 21-April 11), there was an average of 450 vehicle collisions per day throughout the state, according to the study conducted by the Road Ecology Center at UC Davis. During the same period in 2019, there were 1,128 collisions per day. In the 22 days prior to sheltering in place, there were 1,056 accidents per day. “The reduction in traffic crashes, injuries and fatalities is a bit of a silver lining for people who are staying at home and who are impacted by the pandemic,” said ... project lead author Fraser Shilling. "The reduction in numbers of all collisions, injury, and fatal collision was equivalent to a $40 million/day savings in costs and about $1 billion in savings since the Governor’s order went into effect," the study concluded. The figures were calculated using Federal Highway Administration data, which includes savings from "property damage, treatment of injuries, lost time at work, emergency responses, insurance claims, and the equivalent cost of a life." Not surprisingly, the study found that traffic volume decreased 20% to as much as 55%. "There is no equivalent in our recent transportation history to such large changes in vehicle movement on our state and local roads," the study said.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
After four Louisville, Kentucky, coal-fired power plants either retired coal as their energy source or installed stricter emission controls, local residents asthma symptoms and asthma-related hospitalizations and emergency room visits dropped dramatically, according to research published today in Nature Energy. Coal-fired power plants are known to emit pollutants associated with adverse health effects, including increased asthma attacks, asthma-related ED visits and hospitalizations. In 2014, coal-fired power plants accounted for 63% of economy-wide emissions of sulfur dioxide (SO 2) in the U.S.. Historically, Kentucky has ranked among the top five states in the U.S. for emissions from power generation. Starting with a pilot in 2012, the city of Louisville embarked on a project called AIR Louisville, which aimed to use data from Propeller Healths digital inhaler sensors to gain insights into the impact of local air quality on the burden of respiratory disease in the community. Between 2013 and 2016, one coal-fired power plant in the Louisville area retired coal as an energy source, and three others installed stricter emission controls. The researchers found that energy transitions in the spring of 2015 resulted in three fewer hospitalizations and ED visits per ZIP code per quarter in the following year. This translates into nearly 400 avoided hospitalizations and ED visits each year across Jefferson County.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The retreat of a Norwegian mountain ice patch, which is melting because of climate change, has revealed a lost Viking-era mountain pass scattered with “spectacular” and perfectly preserved artefacts. The pass, at Lendbreen in Norway’s mountainous central region, first came to the attention of local archaeologists in 2011, after a woollen tunic was discovered that was later dated to the third or fourth century AD. The ice has retreated significantly in the years since, exposing a wealth of artefacts including knitted mittens, leather shoes and arrows still with their feathers attached. Carbon dating of the finds reveals the pass was in use by farmers and travellers for a thousand years, from the Nordic iron age, around AD200-300, until it fell out of use after the Black Death in the 14th century. The bulk of the finds date from the period around AD1000, during the Viking era, when trade and mobility in the region were at their zenith. Of the hundreds of discoveries exposed by the retreating ice, some are structural, such as ... the remains of a small shelter. Other finds are products that were being transported by ... traders potentially carrying them much further afield, including reindeer pelts and antlers. Among them are delicate wooden items such as a small, wood-turned bit for a lamb or goat and a carved distaff for spinning wool - even a Bronze Age ski. Last summer’s melt exposed an item that archaeologists have identified as a snowshoe for horses - “a quite remarkable object in its own right”.
Note: It's interesting to note that this area was warm enough back then that the glacier receded enough to make that pass usable. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The world is at risk of widespread famines "of biblical proportions" caused by the coronavirus pandemic, the UN has warned. David Beasley, head of the World Food Programme (WFP), said urgent action was needed to avoid a catastrophe. A report estimates that the number suffering from hunger could go from 135 million to more than 250 million. Even before the pandemic hit, parts of East Africa and South Asia were already facing severe food shortages caused by drought and the worst locust infestations for decades. Addressing the UN Security Council ... Mr Beasley said... "We could be facing multiple famines of biblical proportions within a short few months". The WFP chief - who has just recovered from Covid-19 - began his Security Council briefing by saying "excuse me for speaking bluntly." There is no blunting what could happen in a world facing - even before this global health crisis - what David Beasley called the worst humanitarian catastrophe since the Second World War. In an interview, he also expressed fear that 30 million people, and possibly more, could die in a matter of months if the UN does not secure more funding and food. The WFP's senior economist, Arif Husain, said the economic impact of the pandemic was potentially catastrophic for millions "who are already hanging by a thread". "It is a hammer blow for millions more who can only eat if they earn a wage," he said in a statement. "Lockdowns and global economic recession have already decimated their nest eggs. It only takes one more shock - like Covid-19 - to push them over the edge."
Note: This Reuters article also claims that the coronavirus could plunge half a billion worldwide into poverty. Though some of this may be fear-mongering to get more money and is quite typical of the media, the article does raise serious questions about the numbers that could die as a direct result of the global lockdown. So who is this lockdown really serving? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
The COVID-19 pandemic is far from a great equalizer. In the same month that 22 million Americans lost their jobs, the American billionaire class's total wealth increased about 10%–or $282 billion more than it was at the beginning of March. They now have a combined net worth of $3.229 trillion. The initial stock market crash may have dented some net worths at first–for instance, that of Jeff Bezos, which dropped down to a mere $105 billion on March 12. But his riches have rebounded: As of April 15, his net worth has increased by $25 billion. These "pandemic profiteers," as a new report from the Institute for Policy Studies, a progressive think tank, calls them, is just one piece of the wealth inequality puzzle in America. In the background is the fact that since 1980, the taxes paid by billionaires, measured as a percentage of their wealth, dropped 79%. "We're reading about benevolent billionaires sharing .0001% of their wealth with their fellow humans in this crisis, but in fact they've been rigging the tax rules to reduce their taxes for decades–money that could have been spent building a better public health infrastructure," says Chuck Collins [of] the Institute for Policy Studies and coauthor of the new report, titled "Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers." Another key finding of the report is that after the 2008 financial crisis, it took less than 30 months for billionaire wealth to return to its pre-meltdown levels. That wealth then quickly exceeded pre-2008 levels. But as of 2019, the middle class in America has not even yet recovered to the level of its 2007 net worth.
Note: This New York Post article shows how 43,000 millionaires in the U.S. will receive a "stimulus" gift averaging $1.6 million each. At the same time, this Reuters article claims that the coronavirus lockdown could plunge half a billion worldwide into poverty. And this BBC article warns of potential massive famines. So who is this lockdown really serving? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Sweden's strategy to keep large parts of society open is widely backed by the public. It has been devised by scientists and backed by government. There is no lockdown here. On the face of it little has shut down. But data suggests the vast majority of the population have taken to voluntary social distancing, which is the crux of Sweden's strategy to slow the spread of the virus. Usage of public transport has dropped significantly [and] large numbers are working from home. The government has also banned gatherings of more than 50 people and visits to elderly care homes. Around 9 in 10 Swedes say they keep at least a metre away from people at least some of the time. In Stockholm, the epicentre of the virus so far, cases have largely plateaued, although there was a spike at the end of this week, put down partly to increased testing. There is still space in intensive care units and a new field hospital at a former conference venue is yet to be used. The Swedish Public Health Agency has maintained high approval ratings throughout the pandemic. Sweden's decision to leave larger parts of society open than most of Europe came after [chief epidemiologist] Dr Tegnell's team used simulations which anticipated a more limited impact of the virus in relation to population size than those made by other scientists. A core aim was to introduce less stringent social distancing measures that could be maintained over a long period of time. Schools for under-16s have remained open to enable parents to keep working. Unlike in some countries, Sweden's statistics do include elderly care home residents, who account for around 50% of all deaths. Dr Tegnell admits that is a major concern. History will judge which countries got it right.
Note: This excellent graph of deaths per million for coronavirus among 12 major countries shows that Sweden is in the middle of the pack, where if lockdown made a big difference, we would expect it to be at or near the top of the group. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
A series of missteps at the nation's top public health agency caused a critical shortage of reliable laboratory tests for the coronavirus. President Donald Trump assured Americans early this month that the COVID-19 test developed by the Centers for Disease Control and Prevention is "perfect" and that "anyone who wants a test can get a test." But more than two months after the first U.S. case of the new disease was confirmed, many people still cannot get tested. Four primary issues ... hampered the national response — the early decision not to use the test adopted by the World Health Organization, flaws with the more complex test developed by the CDC, government guidelines restricting who could be tested and delays in engaging the private sector to ramp up testing capacity. By mid-February, only about a half-dozen state and local public health labs had reliable tests. But still, CDC Director Dr. Robert Redfield continued to insist his agency had developed "a very accurate test." "We found that, in some of the states, it didn't work," Redfield said earlier this month. As more sick people sought to be tested, many states were forced to limit access because of the flawed CDC test. Accounts began to emerge ... of people with all the symptoms of COVID-19 who either couldn't get tested or had test results delayed. On Feb. 29, only 472 patients had been tested nationwide, with just 22 cases confirmed, according to CDC data. By comparison, South Korea ... mobilized to test more than 20,000 people a day.
Note: Explore a ZeroHedge article titled "Whistleblower: How CDC Is Manipulating The COVID-19 Death-Toll." A BMJ article titled "Covid-19: four fifths of cases are asymptomatic, China figures indicate" quotes one epidemiologist as asking "What the hell are we locking down for?" For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.
A woman with COVID-19 at a Solano County hospital — the nation’s first case from an unknown source — exposed 121 health workers to the coronavirus, yet only three got the disease, a new study of the February case reveals. All three had been in close contact for about two hours with the patient, and two had no protective gear, according to the report published Tuesday by the Centers for Disease Control and Prevention. Those workers also examined the patient and performed treatments that involved close contact, such as placing her on a breathing machine. The researchers tested just 43 of the 121 workers for the coronavirus because only they had developed a cough or other symptoms similar to those of COVID-19 patients within two weeks after exposure. Across the country, more than 9,200 health workers out of an estimated 18 million have the disease, the CDC reported Tuesday in a separate paper, which notes that the number probably understates the true number of coronavirus infections. Dr. Robert Siegel, an infectious disease expert at Stanford, called the relatively low infection rate from the Solano County patient a hopeful sign. But he added that public health officials should remain vigilant in protecting workers. “The results are promising for health care workers. It means that the risk may be less than we thought,” Siegel said.
Note: If only three out of 121 got the virus, and those three all had prolonged exposure, how contagious really is it? Explore a ZeroHedge article titled "Whistleblower: How CDC Is Manipulating The COVID-19 Death-Toll." For more along these lines, see concise summaries of deeply revealing news articles on health and the coronavirus pandemic from reliable major media sources.
Amid a humanitarian crisis compounded by mass layoffs and collapsing economic activity, the last course our legislators should be following is the one they appear to be on right now: bailing out shareholders and executives who, while enriching themselves, spent the past decade pushing business corporations to the edge of insolvency. The $500bn dollars of public money that Congress’s relief bill provides will be used for a corporate bailout, with the only oversight in the hands of an independent council similar to the one used in the 2008 financial crisis. While that body was able to report misuses of taxpayer money, it could do nothing to stop them. As currently structured, there is nothing to keep this bailout from, like its predecessor, putting cash directly into the hands of those at the top rather than into the hands of workers. Without strong regulation and accountability, asking corporations to preserve jobs with these funds will be nothing more than a simple suggestion, leaving millions of everyday Americans in financial peril. If not properly managed, this economic disaster has the potential to be the worst in American history. Our country cannot allow a small number of executives and shareholders to profit from taxpayer funds that we have injected into these corporations for reasons of pure emergency. We need to stop this rot at the core of our economic system and realign the priorities of government with those of workers and consumers.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus pandemic from reliable major media sources.
When this public health crisis first morphed into a financial one as well, the Federal Reserve sprang into action, pouring trillions of dollars into the financial system in less than a week; providing short-term loans to banks; slashing a key interest rate virtually to zero; announcing that the Fed would begin buying $700 billion worth of U.S. government bonds and mortgage-backed securities. The Fed gave itself the authority to purchase up to $1 trillion in commercial paper to support the flow of credit. An eight-second video from 2009 [shows] Ben Bernanke, the Fed chair at the time, explaining how the central bank comes up with the money to pull off these trillion-dollar maneuvers. "It's not tax money," Mr. Bernanke explained on "60 Minutes." "We simply use the computer to mark up the size of the account." Heads exploded. Many people replying to the tweet complained that we're ... coming to the rescue of Wall Street instead of Main Street. "If the Fed can do this for the banks," they wondered, "why can't we find the money to pay for programs that would improve life for everyday Americans?" When called upon, the same computer that works for large banks is there for Main Street as well. But the Federal Reserve needs specific instructions before typing up dollars for the rest of us. Those instructions come in the form of legislation: When a bill becomes a law, the government is, in essence, telling the Fed how many dollars it is ordering up.
Note: For more along these lines, see concise summaries of deeply revealing news articles on banking corruption and the coronavirus pandemic from reliable major media sources.
As many other countries, the Netherlands is taking measures against the spread of the coronavirus. Compared to other countries, though, these measures seem relatively mild and relaxed. Unlike all its direct neighboring countries ... there is no hard lockdown, hardly any visible surveillance, very limited testing and borders remain open. And yet, as the recent decreasing daily numbers of new cases, hospital intakes and deceased patients show, the measures are not necessarily less effective. Over the past few weeks, a vocabulary has emerged that describes the Dutch approach to COVID-19. In addition to the widely used “flattening the curve,” it consists of “intelligent lockdown,” “self-regulation,” “decentralization” and “group immunity.” Instead of stopping the virus, the approach is based on the idea of creating group immunity, or herd immunity. The best way to “control” the virus, it is assumed, is to control the number of infections step by step, so that people gradually build up immunity. Altogether the Dutch approach is characterized as a “1.5 meter economy.” It focuses on people taking individual responsibility to keep a distance of 1.5 meter. Wherever it cannot be reasonably assumed that people can maintain this distance themselves - for example at a festival or soccer game - government takes measures. But for the rest, it is left to individual citizens to keep this distance. This approach should slow down the speed of spreading the virus, while at the same time maintaining individual freedom.
Note: Check out an informative graph showing deaths per million population from the coronavirus in 10 major countries. Note that the Netherlands is in the middle of the pack, even though they are not in full lockdown. Could it be the the lockdown policies don't have much effect on death rates? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.
Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.