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.
When 6-year-old Eddie Writes decided the world needed a little more kindness, he did the only thing he thought would work ― he wrote to his city’s mayor and asked for help putting on an annual “Kindness Day.” Much to Eddie’s surprise, Wellington Mayor Justin Lester wrote back. On Nov. 16, New Zealand’s capital city will be holding its first Manaaki Day (manaaki being the Maori word for kindness), taking Eddie’s ideas of how to encourage and celebrate charitable acts ― “We can buy toys for children that don’t have any,” for example ― to improve the social well-being of citizens. The mayor’s support for the new holiday is part of a new wave of progressive, child-centred politics sweeping New Zealand, led by Prime Minister Jacinda Ardern, herself a new parent. Ardern was met with thunderous applause at the United Nations last month for her speech calling for kindness and cooperation from world leaders. Watched by her partner and their then 4-month-old daughter, Ardern pledged New Zealand would be “a kind and equitable nation where children thrive, and success is measured not only by the nation’s GDP but by better lives lived by its people.” Ardern also has her sights on New Zealand’s growing housing affordability problems. The country’s housing market is heated, with home prices rising more than 60 percent in a decade. Ardern blamed speculation from overseas buyers. The government responded with a law that took effect Monday banning foreign buyers from purchasing existing properties.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A growing number of smaller companies are adopting a four-day workweek. Now the results of a recent trial at Microsoft (MSFT) suggest it could work even for the biggest businesses. The company introduced a program this summer in Japan called the "Work Life Choice Challenge," which shut down its offices every Friday in August and gave all employees an extra day off each week. The results were promising: While the amount of time spent at work was cut dramatically, productivity — measured by sales per employee — went up by almost 40% compared to the same period the previous year, the company said in a statement. In addition to reducing working hours, managers urged staff to cut down on the time they spent in meetings and responding to emails. They suggested that meetings should last no longer than 30 minutes. Employees were also encouraged to cut down on meetings altogether by using an online messaging app. The effects were widespread. More than 90% of Microsoft's 2,280 employees in Japan later said they were impacted by the new measures, according to the company. By shutting down earlier each week, the company was also able to save on other resources, such as electricity. Microsoft ... says it will conduct another experiment in Japan later this year. It plans to ask employees to come up with new measures to improve work-life balance and efficiency, and will also ask other companies to join the initiative.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A CBS News employee, fired after ABC executives informed CBS she'd had access to a leaked hot mic video that revealed the Disney-owned network killed a Jeffrey Epstein scoop, says she did not leak the tape and was unfairly axed without being able to defend herself. Ashley Bianco was a producer on ABC’s “Good Morning America” before joining “CBS This Morning” last month. Earlier this week, the controversial group Project Veritas published the damning video in which ... anchor Amy Robach complained that her bosses killed a story that would have exposed the now-deceased child sex offender Epstein three years ago. Bianco said she was fired by CBS after the network received a call from ABC informing her new boss that she once had access to the leaked video. “I did not" leak the tape, Bianco told journalist Megyn Kelly in an interview posted Friday on YouTube. “I’m not the whistleblower. I’m sorry to ABC, but the leaker is still inside.” CBS News declined to comment on Bianco's claim. Bianco denied ever communicating with anyone from Project Veritas and said she simply made a clip of the video and saved it in ABC's internal system. “I never heard of Project Veritas until this,” she said. Bianco, who deleted various social media accounts before speaking out, said she did not inform her manager that she clipped it, but “everyone in the office was freaked out” by Robach’s comments. “Everyone was watching it,” Bianco said, noting that the purpose for “clipping” it was to watch it back later for “office gossip.” Bianco told Kelly that she doesn’t know who leaked the tape because “everyone” at ABC was aware it existed.
Note: The silence of other most major media around this huge story is deafening. Watch an interview with the fired woman. For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein from reliable major media sources.
The United States government has lost billions of dollars of oil and gas revenue to fossil-fuel companies because of a loophole in a decades-old law. The loophole dates from an effort in 1995 to encourage drilling in the Gulf of Mexico by offering oil companies a temporary break from paying royalties on the oil produced. However, the rule was poorly written, the very politicians who originally championed it have acknowledged, and the temporary reprieve was accidentally made permanent on some wells. As a result, some of the biggest oil companies in the world, including Chevron, Shell, BP, Exxon Mobil and others, have avoided paying at least $18 billion in royalties on oil and gas drilled since 1996, according to a new report from the Government Accountability Office. The companies, which hold government leases to drill in the Gulf, continue to extract oil and gas from those wells while not being required to pay royalties, a right the industry has gone to court to defend. Roughly 22 percent of oil production from federal leases in the Gulf of Mexico was royalty-free in 2018 because of the loophole, the Interior Department said. The report of the windfall to oil companies comes as the Trump administration has moved to further reduce the cost of offshore drilling for the industry, proposing to significantly weaken safety rules put in place after the deadly 2010 Deepwater Horizon explosion in the Gulf of Mexico.
Note: A 2013 Washington Post article suggests practices like this are common across major industries. For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The FBI has come under intense criticism after a 2017 leak exposed that its counterterrorism division had invented a new, unfounded domestic terrorism category it called “black identity extremism.” A number of civil rights groups have filed public records requests to try to better understand who exactly the FBI is investigating under that designation. The latest batch of FBI documents ... reveals that between 2015 and 2018, the FBI dedicated considerable time and resources to opening a series of “assessments” into the activities of individuals and groups it mostly labeled “black separatist extremists.” This designation was eventually folded into the category of “black identity extremism.” Assessments differ from full-blown investigations - or “predicated investigations,” in the bureau’s lingo - because they do not need to be predicated on a factual basis. As a new report by the civil liberties group Defending Rights & Dissent notes, when choosing targets for an assessment, agents are allowed to use ethnicity, religion, or speech protected by the First Amendment as a factor, “as long as it is not the only one.” As the report notes, “Even though the standards for opening an assessment are extraordinarily low, the FBI is allowed to use extremely intrusive investigative techniques in performing them, including physical surveillance, use of informants, and pretextual interviews.” The bureau has in recent years shifted its target from those espousing “separatist” views to the much larger group of those protesting police violence.
Note: Read more about the FBI's use of "Black Identity Extremism" as a label in its terrorism investigations. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the erosion of civil liberties from reliable major media sources.
The average 30-day stay at a California rehab costs families $40,000. It’s expensive and often highly risky. The Russells [checked] their 19-year-old son, Teddy Russell, into Mountain Vista last summer. “During intake, they had trouble with the blood pressure cuff and she said, ‘No, I have no medical training at all,’” said Anne Russell, talking about the counselor at the rehab. Mountain Vista Farm is a state licensed residential detox facility, which in California is not required to have a doctor on site. Anne Russell believes the lack of medical support drastically changed the course of her family’s life. “We trusted them to help him and our son trusted us and it was just a nightmare,” she said. Detox centers must check on patients every 30 minutes for the critical first 72 hours but that didn’t happen. Seven hours after being dropped off at Mountain Vista Farm, Teddy Russell was dead. The state has the power to suspend a rehab facility’s license after a Class A deficiency. Teddy’s death resulted in two of those. But the state didn’t shut this place down. In fact, we’ve learned it rarely shuts any rehab down. Instead the penalty in Teddy’s case was a $700 fine. Public records show Teddy’s story is not unique. 190 people have died at other rehab facilities in California since 2010. We found dozens of deficiencies, from falsifying records, failing to report deaths, and employing unqualified staff to not monitoring patient vitals, like what happened to Teddy.
Note: John Oliver has a hard-hitting video on the serious problems found at many rehab centers. For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
NBC News just can’t seem to escape the talk of scandal. For weeks, the network has been rebutting allegations by a former correspondent, Ronan Farrow, that it suppressed his reporting on sexual assault allegations against movie producer Harvey Weinstein and covered up harassment and assault accusations against its former star, Matt Lauer. The story has been propelled by Farrow’s best-selling book, “Catch and Kill,” which asserts ... that NBC stopped Farrow’s reporting on Weinstein in mid-2017 after Weinstein threatened to reveal Lauer’s misconduct. Farrow published a blockbuster story about Weinstein in the New Yorker seven weeks later. In an extraordinary segment on her MSNBC show, Rachel Maddow urged NBC News to undertake an independent investigation of the network’s conduct. “The allegations about the behavior of Harvey Weinstein and Matt Lauer are gut-wrenching,” said Maddow, MSNBC’s biggest star and the second, after MSNBC host Chris Hayes, to call out her bosses on an NBC-owned platform. Brooke Nevils [is] a “Today” show producer who in Farrow’s book accuses Lauer of raping her. Network officials deny any pattern of harassment complaints or “hush-money” settlements, and say Lauer was fired just hours after Nevils came forward with her accusation in late 2017. But NBC has resisted calls for the kind of independent investigation that other news organizations have undertaken in the wake of harassment scandals.
Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals from reliable major media sources.
When women speak, they shouldn’t be shrill. Clothing must flatter, but short skirts are a no-no. After all, “sexuality scrambles the mind.” Women should look healthy and fit, with a “good haircut” and “manicured nails.” These were just a few pieces of advice that around 30 female executives at Ernst & Young received at a training held in the accounting giant’s gleaming new office in Hoboken, New Jersey, in June 2018. The 55-page presentation, used during the day-and-a-half seminar on leadership and empowerment, was given to HuffPost by an attendee who was appalled by its contents. Full of out-of-touch advice, the presentation focused on how women need to fix themselves to fit into a male-dominated workplace. The training, called Power-Presence-Purpose or PPP ... was billed to participants as advice on how to be successful at EY, according to Jane, a training attendee and former executive director at the firm. Attendees were even told that women’s brains are 6% to 11% smaller than men’s, Jane said. She wasn’t sure why they were told this, nor is it clear from the presentation. Women’s brains absorb information like pancakes soak up syrup so it’s hard for them to focus, the attendees were told. Men’s brains are more like waffles. They’re better able to focus because the information collects in each little waffle square. The only reason to talk to women about their size of their brains is to make them feel inferior to men, said Bruce McEwen, a neuroscientist at Rockefeller University.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
General Motors, Fiat Chrysler and Toyota said Monday they were intervening on the side of the Trump administration in an escalating battle with California over fuel economy standards for automobiles. Their decision pits them against leading competitors, including Honda and Ford, who this year reached a deal to follow California’s stricter rules. The Trump administration has proposed a major weakening of federal auto emissions standards set during the Obama administration, prompting California to declare that it will go its own course and keep enforcing the earlier, stricter standards. The automakers siding with the administration, led by the industry group the Association of Global Automakers, say that the federal government, not California, has the ultimate authority to set fuel economy standards. The legal fight between the Trump administration and California over auto pollution rules has swelled into a battle over states’ rights and climate change that is likely to only be resolved once it reaches the Supreme Court. The Obama-era national fuel economy standard requires automakers to build vehicles that achieve an average fuel economy of 54.5 miles per gallon by 2025, which would eliminate about six billion tons of carbon dioxide pollution over the lifetime of those vehicles. The Trump administration is planning to roll back the fuel-economy standard to about 37 miles per gallon. Nearly two dozen other states have filed suit against the Trump administration, alongside California, over the emissions rules.
Note: This is proof that the mileage our cars get is not determined by market forces, but rather by government regulation. Average mileage has risen consistently with regulation, not with innovation. For lots more on this, see this webpage. For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
Can any medical-research studies be trusted? That question has been central to [Dr. John] Ioannidis’s career. He’s what’s known as a meta-researcher, and he’s become one of the world’s foremost experts on the credibility of medical research. He zoomed in on 49 of the most highly regarded research findings in medicine over the previous 13 years, as judged by the science community’s two standard measures: the papers had appeared in the journals most widely cited in research articles, and the 49 articles themselves were the most widely cited articles in these journals. Of the 49 articles, 45 claimed to have uncovered effective interventions. Thirty-four of these claims had been retested, and 14 of these, or 41 percent, had been convincingly shown to be wrong or significantly exaggerated. If between a third and a half of the most acclaimed research in medicine was proving untrustworthy, the scope and impact of the problem were undeniable. “Even when the evidence shows that a particular research idea is wrong, if you have thousands of scientists who have invested their careers in it, they’ll continue to publish papers on it,” he says. “It’s like an epidemic, in the sense that they’re infected with these wrong ideas, and they’re spreading it to other researchers through journals.” Of those 45 super-cited studies that Ioannidis focused on, 11 had never been retested. Perhaps worse, Ioannidis found that even when a research error is outed, it typically persists for years or even decades.
Note: For more along these lines, read the revealing comments of Marcia Angell, former editor-in-chief of the New England Journal of Medicine, on the massive corruption she found in the medical industry. For more, see concise summaries of deeply revealing news articles on corruption in science from reliable major media sources.
A combination of cultural preferences, government decree and modern medical technology in the world’s two largest countries has created a gender imbalance on a continental scale. Men outnumber women by 70 million in China and India. The consequences of having too many men, now coming of age, are far-reaching: Beyond an epidemic of loneliness, the imbalance distorts labor markets, drives up savings rates in China and drives down consumption, artificially inflates certain property values, and parallels increases in violent crime, trafficking or prostitution in a growing number of locations. Among men, loneliness and depression are widespread. Villages are emptying out. Men are learning to cook and perform other chores long relegated to women. Bachelors are furiously building houses in China to attract wives, and prices are soaring. But otherwise they are not spending, and that in turn fuels China’s huge trade surplus. In India, there is the opposite effect: Because brides are scarce, families are under less pressure to save for expensive dowries. Trafficking of brides is on the rise. Foreign women are being recruited and lured to China, effectively creating similar imbalances in China’s neighbors. With the increase in men has come a surge in sexual crime in India and concerns about a rise in other crimes in both countries. Harassment of schoolgirls in India has in some towns sparked an effort to push back — but at a cost of restricting them to more protected lives.
Note: For more along these lines, see concise summaries of deeply revealing news articles from reliable major media sources.
Lual Mayen sits in a modern office space, set in a trendy Washington, D.C., neighborhood. As a newborn in his parents arms, Mayen endured a 225-mile trek from his war-torn home in South Sudan to a refugee camp in Northern Uganda. Mayen was born into war, but his mission is peace. Now 24 years old, he is a video game developer residing in the United States, leading his own company and using the experiences from his past to inform his products: games aimed at peace-building and conflict resolution. He created the first version of Salaam, which means peace in Arabic, while still living as a refugee. In the games new version, players adopt the role of a refugee who must flee falling bombs, find water and gain energy points to ensure the characters survival as the players country journeys from a war-torn present into a peaceful existence. If the players character runs out of energy, the player is prompted to purchase more food, water, and medicine for their character with real-world money. The funds go beyond the game to benefit a living refugee through Junubs partnerships with various NGOs. Mayen is aiming to have Salaam ready to launch in December, determined to grow the category of social impact gaming to give back to his community. Peace is something that is built over time, Mayen said. Its not about people coming together and signing cease-fires and so on. Its a generation of change. Its a change of mindset. Its a change of attitude toward each other."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Chung Sun-hee finely crushes eggshells, dries and saves her coffee grounds, and separates large vegetable offcuts into smaller pieces. Later, the 55-year-old professional translator will bury them in her backyard, in rotating plots. Chung is one of a growing number of city dwellers who are getting into urban farming, not just to grow their own vegetables, but also as an exercise in waste reduction. Her new habits reflect a larger change underway in South Korea’s densely populated capital. Once a city where unsightly and foul-smelling landfills loomed over entire neighborhoods, Seoul now operates one of the most rigorous food waste recycling programs in the world. The South Korean government banned sending food to landfills in 2005 and, in 2013, also prohibited the dumping of garbage juice (leftover water squeezed from food waste) into the sea. Today, a staggering 95 percent of food waste is recycled ― a remarkable leap from less than 2 percent in 1995. On Chung’s street, residents emerge at dusk to deposit small yellow bags into designated waste collection buckets. Since 2013, South Koreans have been required by law to discard food waste in these biodegradable bags, priced according to volume and costing the average four-person family about $6 a month. This tax pays for roughly 60 percent of the cost of collecting and processing the city’s food waste, according to government data.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The pioneering conservationist behind the world’s most ambitious rewilding project has revealed “game-changing” plans that could transform tourism in Chilean Patagonia. After 25 years of strategic land acquisition by Kristine Tompkins and her late husband Douglas – which led to the creation last year of five new national parks in southern Chile – Tompkins said the next challenge was to encourage 60 communities across the region to develop tourism ventures that will help protect the biodiversity on their doorstep. Speaking in London at the European launch of the 1,700-mile Route of Parks, a marketing initiative encompassing 17 national parks throughout Patagonia, Tompkins said: “We want local people to have a sense of ownership and pride. They will become the first line of defence in conservation.” The launch of the route ... follows the creation of five new national parks and the expansion of three others, all in Chilean Patagonia after the Tompkins Foundation handed over a million acres to the Chilean state – the largest private donation of land ever. The handover was ... aimed at returning farmed land to its natural state and creating wildlife corridors. The Foundation also owns land in Argentina, where its flagship rewilding project is seeing species being reintroduced to the newly created Iberá national park in the north-west. In total the Tompkins’ philanthropic work amounts to $345m. To date the Foundation has helped protect 5.75 million hectares across Chile and Argentina.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In November, Dr. He Jiankui announced that twin girls had been born in China from embryos whose genes he had altered using CRISPR gene-editing technology. According to the magazine Science, he hoped to build a baby-designing business. In March, a World Health Organization committee argued for a moratorium on clinical human genome editing "until its implications have been properly considered." But no system of global guidance exists to implement or enforce such a ban on the practice. In June, a Russian scientist declared that he plans to proceed anyway. You can imagine what bad actors with eugenic fantasies could do with this technology. But today, many parents, with the best interest of their future children in mind, choose embryos based on the genes inside. Since 1978, when the first child, Louise Brown, was born using in-vitro fertilization, this and other assisted reproductive technologies have expanded immensely, creating over a million babies. Because preimplantation genetic diagnosis allows parents to avoid transmitting mutations to children, CRISPR will unfortunately probably be used to enhance progeny with socially desired traits such as height, certain athletic abilities or intelligence. Such uses will be very profitable. Due to high costs, assisted reproductive technologies, including preimplantation genetic diagnosis, are not available to everyone and are thus altering how thousands of affluent people -- but not poorer individuals -- thrive and live.
Note: For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
The telecommunications industry and their experts have accused many scientists who have researched the effects of cell phone radiation of "fear mongering" over the advent of wireless technology's 5G. The chairman of the Federal Communications Commission (FCC) recently announced ... that the commission will soon reaffirm the radio frequency radiation (RFR) exposure limits that the FCC adopted in the late 1990s. These limits are based upon a behavioral change in rats exposed to microwave radiation and were designed to protect us from short-term heating risks due to RFR exposure. Yet, since the FCC adopted these limits based largely on research from the 1980s, the preponderance of peer-reviewed research, more than 500 studies, have found harmful biologic or health effects from exposure to RFR at intensities too low to cause significant heating. The World Health Organization's International Agency for Research on Cancer (IARC) classified RFR as "possibly carcinogenic to humans" in 2011. Last year, a $30 million study conducted by the U.S. National Toxicology Program (NTP) found clear evidence that two years of exposure to cell phone RFR increased cancer in male rats and damaged DNA in rats and mice of both sexes. The Ramazzini Institute in Italy replicated the key finding of the NTP using a different carrier frequency and much weaker exposure to cell phone radiation over the life of the rats.
Note: Explore a thoroughly researched document titled Legal, Constitutional and Human Rights Violations of Smart Grid and Smart Meters which exposes the blatant illegality of the smart meter rollout and its risks and dangers and a video interview with the author. For more along these lines, see concise summaries of deeply revealing news articles on the risks and dangers of wireless technologies from reliable major media sources.
The World Health Organization says Zambia has reported its first local case of polio since 1995, in a 2-year-old boy paralyzed by a virus derived from the vaccine. In a report this week, WHO said the case was detected on the border with Congo, which has reported 37 cases of polio traced to the vaccine this year. The U.N. health agency said there is no established link between the Zambia case and the ongoing Congo outbreak but said increased surveillance and vaccination efforts are needed, warning that “there is a potential for international spread.” In rare cases, the live virus in oral polio vaccine can mutate into a form capable of sparking new outbreaks. Nine African countries are currently battling polio epidemics linked to the vaccine as WHO and partners struggle to keep their efforts to eradicate polio on track. Elsewhere, cases have been reported in China, Myanmar and the Philippines. On Thursday, WHO and partners are expected to announce they have rid the world of type 3 polio virus. There are three types of polio viruses. Type 2 was eliminated years ago. That now leaves only type 1. But that refers only to polio viruses in the wild. Type 2 viruses continue to cause problems since they are still contained in the oral polio vaccine and occasionally evolve into new strains responsible for some vaccine-derived outbreaks. The global effort to eradicate polio was launched in 1988 and originally aimed to wipe out the potentially fatal disease by 2000.
Note: See an NPR article titled "Mutant Strains Of Polio Vaccine Now Cause More Paralysis Than Wild Polio." For more along these lines, see concise summaries of deeply revealing news articles on vaccines from reliable major media sources.
An Associated Press investigation drawing on hundreds of court documents, immigration records and interviews in the U.S. and Central America identified holes in the system that allow state court judges to grant custody of migrant children to American families — without notifying their parents. And today, with hundreds of those mothers and fathers deported thousands of miles away, the risk has grown exponentially. More than 300 parents were deported to Central America without their children this summer, many of whom allege they were coerced into signing paperwork they didn't understand, affecting their rights to reunify with their children. Some parents also contended that U.S. officials told them their children would be given up for adoption. "And the reality is that for every parent who is not located, there will be a permanent orphaned child, and that is 100 percent the responsibility of the administration," U.S. District Judge Dana Sabraw said in August while overseeing a lawsuit to stop family separations. The AP asked the State Department, as well as embassy officials in El Salvador, Guatemala and Honduras, whether they were working with deported parents to find their children in the U.S.. The State Department deferred to the Department of Homeland Security, which said in a statement: "DHS is not aware of anyone contacting embassy or consulate in a foreign country to be reunified with a child. This is unsurprising given the fact that these parents made a knowing decision to leave their child in a foreign country."
Note: This would seem to amount to child trafficking by the U.S. government. For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
An Arizona county assessor is accused of human smuggling as part of a scheme that involved more than 40 pregnant women from the Marshall Islands brought to the United States to give up their babies for adoption, federal prosecutors said Wednesday. Paul D. Petersen, an adoption lawyer licensed in Utah and Arizona and elected Maricopa County assessor, was arrested Tuesday night in Arizona. He faces 11 felony counts in Utah, including human smuggling, sale of a child and communications fraud. He also faces fraud, conspiracy, theft and forgery charges in Arizona. Petersen's illegal adoption scheme allegedly involved the recruitment, transportation and payments to dozens of pregnant women from the islands in the central Pacific. Arizona Attorney General Mark Brnovich said in a statement that Petersen allegedly falsified information to place the Marshallese women on state-funded health care to cover delivery costs. The Arizona scheme bilked the state out of more than $814,000, the statement said. After the adoptions, the women either moved to Arkansas or returned to the Marshall Islands. In Utah, according to court documents, Petersen is accused of running an enterprise to transport pregnant Marshallese women to the state for adoptions. Each woman was allegedly offered $10,000 "to induce them to place their children up for adoption in Utah," the documents said. A memorandum of understanding sent to one adoptive family by Petersen listed a fee of $35,000.
Note: Could it be that these children are being used for nefarious purposes? This excellent video report suggests that two politicians may have been killed for trying to reveal illegal child trafficking in government.
Hitting back against presidential candidate Bernie Sanders’s assertion that billionaires should not exist – and his calls to tax their wealth at much higher rates – Facebook CEO Mark Zuckerberg, worth $70bn, took to Fox News to defend his beleaguered class. Billionaires, he argued, should not exist in a “cosmic sense,” but in reality most of them are simply “people who do really good things and kind of help a lot of other people. And you get well compensated for that.” He warned too about the dangers of ceding too much control over their wealth to the government, allegedly bound to stifle innovation and competition. Zuckerberg’s reasoning isn’t unique among the 1%. As common as this argument is, it also happens not to be true. Take the basis of Mark Zuckerberg’s fortune. The internet was developed out of a small Pentagon network intended to allow the military to exchange information during the Cold War. And of the top 88 innovations rated by R & D Magazine as the most important between 1971 and 2006, economists Fred Block and Matthew Keller have found that 77 were the beneficiaries of substantial federal research funding, particularly in early stage development. This isn’t all to say that the private sector hasn’t played a significant role in driving innovation. But the the fortunes built off of each couldn’t exist were it not for the government more often than not taking the first step, funding innovation far riskier than venture capitalists and angel investors can usually stomach.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality 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.