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.
The May 20 settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust. The banks had engaged in the biggest price-fixing conspiracy in modern history. It was a "brazen display of collusion" that went on for years, said Attorney General Loretta Lynch. But there will be no trial [and] no executive will go to jail. The fines ... will be treated by the banks as costs of doing business. America used to have antitrust laws that permanently stopped corporations from monopolizing markets. No longer. The result has been higher prices for the many, and higher profits for the few. It's a hidden upward redistribution from the majority of Americans to corporate executives and wealthy shareholders. Similar upward distributions are occurring elsewhere in the economy. The four largest food companies control 82 percent of beef packing, 85 percent of soybean processing, 63 percent of pork packing, and 53 percent of chicken processing. Monsanto alone owns the key genetic traits to more than 90 percent of the soybeans planted by farmers in the United States, and 80 percent of the corn. Big Agribusiness wants to keep it this way. The list goes on, industry after industry, across the economy. Antitrust has been ambushed by the giant companies it was designed to contain. The market is rigged. And unless government unrigs it through bold antitrust action to restore competition, the upward distributions hidden inside the "free market" will become even larger.
Note: The above article was written by former US Secretary of Labor and current professor of public policy at UC Berkeley Robert Reich. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry and the income inequality that this contributes to.
From Paris to Ouagadougou, thousands of people took to the streets Saturday to protest against the American biotechnology giant Monsanto and its genetically modified crops and pesticides. The third annual March Against Monsanto was being held in upwards of 400 cities in more than 40 countries. About 2,500 people staged anti-Monsanto protests in the Swiss cities of Basel and Morgues, where the company has its headquarters for Europe, Africa and the Middle East. Up to 3,000 protesters ... gathered in Paris, with Monsanto's market-leading herbicide Roundup the main targets of protesters' anger. The controversial product's main ingredient was recently classified as "probably carcinogenic to humans" by the World Health Organization. "Looking for mass suicide? Go for Roundup," read one placard at another French protest in the western city of Rennes. Halfway around the planet in Burkina Faso, around 500 marched against the US giant which introduced GM cotton into the west African country in 2003. Demonstrators demanded a 10-year moratorium on the planting of Monsanto seeds so "independent research can be conducted" into the effects of the technology. Up to 1,000 anti-Monsanto activists gathered in front of the European Parliament in Strasbourg as the sun was setting for a minute's silence "in homage to the existing and future victims poisoned by pesticides", according to the organisers. The worldwide March Against Monsanto was begun in 2013 by the Occupy movement.
Note: Monsanto's political clout in the U.S. recently led to what has been popularly termed "the Monsanto protection act." The negative health impacts of Monsanto's RoundUp are well known and this product is considered by the WHO to "probably cause cancer", while the risks and dangers of genetically engineering crops to tolerate such chemicals are becoming increasingly clear.
The CIA can keep secret a nearly 7,000-page Senate report on harsh interrogation methods, as well as an internal agency review. The complete 6,963-page report compiled by the Senate Select Committee on Intelligence [is] exempt from the dictates of the Freedom of Information Act, U.S. District Judge James E. Boasberg concluded. The Senate committee report, he reasoned, remained a document under congressional control, and Congress made sure to exempt itself from FOIA. “Congress has undoubted authority to keep its records secret, authority rooted in the Constitution, longstanding practice, and current congressional rules,” Boasberg stated. Hina Shamsi, director of the ACLU National Security Project, voiced disappointment in the ruling. The Senate committee released a summary of the $40 million report last December, following years of back-and-forth.
Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the intelligence community.
Colonel Ian Henderson was a British official dubbed “the Butcher of Bahrain” because of atrocities he repeatedly committed during the 30 years he served as chief security official of that Middle Eastern country. A 2002 Guardian article reported that “during this time his men allegedly detained and tortured thousands of anti-government activists”; his official acts “included the ransacking of villages, sadistic sexual abuse and using power drills to maim prisoners”. Col. Henderson was never punished in any way. For years, human rights groups have fought to obtain ... a 37-year-old diplomatic cable, relating to British responsibility for Henderson’s brutality in Bahrain. Ordinarily, documents more than 30 years old are disclosable. Now, a governmental tribunal ruled ... that most of the diplomatic cable shall remain suppressed. The tribunal’s ruling was at least partially based on “secret evidence ... that the release of such information could jeopardise Britain’s new military base in the country.” This is the core mindset now prevalent in both the U.S. and U.K. for hiding their crimes from their own populations and the rest of the world: disclosure of what we did will embarrass and shame us, cause anger toward us, and thus harm our “national security.” This is exactly the same mentality driving the Obama administration’s years-long effort to suppress photographs showing torture of detainees by the U.S.. Obama insisted that to release the photos “would be to further inflame anti-American opinion and to put our troops in danger.”
Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the intelligence community.
The National Security Agency and its closest allies planned to hijack data links to Google and Samsung app stores to infect smartphones with spyware, a top-secret document reveals. The surveillance project was launched by a joint electronic eavesdropping unit called the Network Tradecraft Advancement Team, which includes spies from each of the countries in the “Five Eyes” alliance — the United States, Canada, the United Kingdom, New Zealand and Australia. The top-secret document, obtained from NSA whistleblower Edward Snowden ... outlines a series of tactics that the NSA and its counterparts in the Five Eyes were [using, which included] a method to hack and hijack phone users’ connections to app stores so that they would be able to send malicious “implants” to targeted devices. The implants could then be used to collect data from the phones without their users noticing. The agencies ... were also keen to find ways to hijack [app stores] as a way of sending “selective misinformation to the targets’ handsets” as part of so-called “effects” operations that are used to spread propaganda or confuse adversaries. Moreover, the agencies wanted to gain access to companies’ app store servers so they could secretly use them for “harvesting” information about phone users. The revelations are the latest to highlight tactics adopted by the Five Eyes agencies. Last year, The Intercept reported that the NSA ... was shown to have masqueraded as a Facebook server in order to hack into computers.
Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in the intelligence community and the manipulation of public perception.
1971: A group of ordinary citizens broke into an FBI office in Media, Pennsylvania. What they discovered shocked them. Long before Edward Snowden’s revelations about NSA surveillance, these activist-burglars exposed COINTELPRO, the FBI’s illegal surveillance program that involved the intimidation of law-abiding Americans. For forty years the burglars kept their identities secret, but in Johanna Hamilton’s new film 1971, these previously anonymous Americans publicly tell their story for the first time. Hamilton took the time to talk to us about how she approached telling this story: "To me, every aspect of the story was compelling. A group of ordinary people who put everything on the line to protect freedom of speech and hold their government accountable. They were total outsiders who trained themselves for one night of amateur burglary in order to break into an FBI office — on a hunch! They manage to evade capture. The revelations from the break-in helped lead to the Church Committee hearings in Congress, which ended up establishing the first ever set of guidelines governing the FBI’s investigative powers. The Citizens’ Commission risked everything because they suspected the government was conducting illegal surveillance. And they were right. We are in the midst of the same discussion today. Post 9/11 we lost many of the checks and balances that the government normally operates under. Governments should not spy on law-abiding citizens — whether it’s Hoover’s FBI or today’s NSA."
Note: Watch this incredible documentary free on this webpage. For more along these lines, read about COINTELPRO and many other intrusive manipulations by corrupt intelligence agencies.
There are intelligent, informed parents who oppose SB277, which removes the personal belief exemption for vaccines. I am a California-born, Stanford-educated technology professional and mother who makes intelligent, science-based decisions about my child’s health. I do vaccinate my child — but the overloaded vaccine schedule forced on us is not a one-size-fits-all. Vaccines have saved millions of lives. That does not mean that we should be forced to give our infants ... 25 doses of vaccines by age 6 months. If the Legislature’s goal is to increase vaccination rates and thus protect the public health, it is much better served by making the schedule more flexible and working with parents, rather than mandating we either dose our kids or be forced to take them out of school. Pharmaceutical companies must offer single vaccines instead of “combo” shots, which can combine four or more vaccines. This will allow us to space out the vaccines and, if our child reacts to one, pinpoint exactly which one caused the reaction so we can avoid it. Families should also be able to hold pharmaceutical companies liable for damages potentially caused by their vaccines. The American Medical Association reserves its physicians rights to decline vaccines based on personal belief. Parents deserve the same right of informed consent for our kids.
Note: Vaccines are a miracle of modern science that may save countless lives. Yet powerful evidence suggests that some vaccines are not safe nor effective. Big Pharma makes billions in profit from vaccines and does not always put public interest first. Who are politicians serving with this legislation?
For months, the U.N.'s top human rights officials knew about allegations of child sexual abuse by French soldiers in Central African Republic. But they didn't follow up because they assumed French authorities were handling it ... even as France pressed the U.N. for more information about the case. The deputy high commissioner for human rights also says that her colleague who first informed French authorities last July did it because he didn't think the recently created U.N. peacekeeping mission in Central African Republic would act on the allegations. A year after the U.N. first heard allegations from children as young as 9 that French soldiers had sexually abused them, sometimes in exchange for food, it seems that the only person who has been punished is the U.N. staffer who told French authorities. The Paris prosecutor's office this month, however, blamed the U.N. "hierarchy" for taking more than six months to supply answers to its questions. The U.N. finally handed over written answers on April 29, the Paris prosecutor's office said — the same day that the Guardian newspaper first made the French and U.N. inquiries public. French soldiers had been tasked with protecting civilians in Central African Republic from vicious violence between Christians and Muslims. Thousands of scared people had crammed into a camp for displaced people. Residents have told the AP that soldiers offered cookies, other food or bottles of water in exchange for sodomy or oral sex. It is still not clear where the accused soldiers are now.
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles about sexual abuse scandals and government corruption from reliable major media sources.
One brief message at a time, Lancet editor Richard Horton is tweeting his dark view of the contemporary medical establishment. If you have any interest at all in peeking behind the curtain to see what really goes on behind the scenes of top medical organizations then you need to follow Richard Horton’s Twitter feed. In sudden bursts of candor, humor, and cynicism, Horton has been tweeting thoughts that don’t often see the light of day. Here’s his unvarnished opinion of the World Health Organization, for instance: "WHO is no longer a science-based organisation. WHO believes that scientists within the agency should be anonymous bureaucrats." The thread of tweets that prompted this post [is] about an ongoing editorial battle with authors and another highly respected journal. The significance of these remarks is considerable. As Horton remarks at the end, the episode appears to lend evidence to the manipulation of journals by industry: "The mother of all authorship disputes has broken out. When papers get salami sliced and divided between NEJM and us, it gets complicated. And sometimes nasty. And today, even threatening. From Principal Investigator: “Approval [of the drug in question] has already occurred in the US, yet private insurers are slow to place it on their formulary. A major publication is typically how this occurs in the US, and it is important to be in a journal typically recognised by US-based companies. This publication is critical to (company A's) ability to “market” their product. Lancet ... will aid (company Y) quite nicely.”
Note: The Lancet is considered by many to be the most prestigious medical journal in the world. If the editor-in-chief of the Lancet readily admits to for-profit collusion between medical journals, insurers and big pharma, who can we trust for accurate health information? To learn more, read a powerfully revealing essay by former editor-in-chief of the New England Journal of Medicine Marcia Angell on how the drug companies blatantly manipulate science for profit.
Researchers at Japan's Tohoku University are making a bold claim: an entirely new state of matter. The team, led by Kosmas Prassides, says they've created what's called a Jahn-Teller metal by inserting rubidium, a strange alkali metal element, into buckyballs, a pure carbon structure which has a spherical shape from a series of interlocking polygons (think of the Epcot Center, but in microscopic size.) The researchers created a complex crystalline structure that seemed to conduct, insulate, and magnetize while acting as a metal. It goes far beyond what ordinary matter can do. So what's the big deal? Applying pressure to the compound when it's in the conductor/insulator phase turns it into the weird state of matter, and also makes it superconductive at (relatively) high temperatures. Most superconductors that we know of need to be barely above absolute zero. Understanding and then mastering high-temperature superconductors, which this weird state of matter could help researchers to do, could make all sorts of new things possible in computing, transportation, infrastructure ... sort of everything. Discoveries of superinsulators in 2008 sort of hinted that this state of matter was possible, but confirmation would be a game changer for materials science.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Kay Eva was travelling through rural Cambodia ... with a group handing out supplies to those in need when they approached a devastatingly poor family. They were there to deliver powdered milk for the family’s new baby. But the baby was missing. It had been sold the day before for $20 – a desperate act to raise money to feed the rest of the family. The news hit Kay like a punch to the stomach. Horrified, this mother of three knew she had to act. Fast forward 11 years and Kay has launched a thriving charity, Stitches of Hope, which operates a sewing centre to train women and help them find work, a children’s home for under-privileged kids, a community centre and a school. “It wasn’t even about helping with basics like education and health,” Kay says. “Basically, [getting some income] meant they didn’t have to sell their children into sex trafficking, or [to be] cleaners for the wealthy. It enabled women to obtain the skills to get a job. The Stitches of Hope Sewing Centre [is] a permanent institution that teaches women to sew, accommodates and feeds them, pays them a wage to fulfill factory orders, and encourages them to set up their own sewing businesses. In 2008, Stitches of Hope launched a children’s home which today houses 24 children cared for by live-in Cambodian couples. Those entrenched in poverty are too busy surviving the day to ponder how to escape its cruel clutches. With this in mind ... Stitches of Hope launched a community centre and school which now teaches more than 80 children.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Denmark, a tiny country on the northern fringe of Europe, is pursuing the world’s most ambitious policy against climate change. It aims to end the burning of fossil fuels in any form by 2050 — not just in electricity production, as some other countries hope to do, but in transportation as well. Lest anyone consider such a sweeping transition to be impossible in principle, the Danes beg to differ. They essentially invented the modern wind-power industry, and have pursued it more avidly than any country. They are above 40 percent renewable power on their electric grid, aiming toward 50 percent by 2020. The political consensus here to keep pushing is all but unanimous. The trouble, if it can be called that, is that renewable power sources like wind and solar cost nothing to run, once installed. That is potentially a huge benefit in the long run. But [it] can render conventional power plants, operating on gas or coal or uranium, uneconomical to run. Yet those plants are needed to supply backup power for times when the wind is not blowing and the sun is not shining. So the trick now is to get the market redesign right. If Denmark can figure out a proper design for the electric market, it has another big task to meet its 2050 goal: squeezing the fossil fuels out of transportation.
Note: Denmark is consistently setting world records for wind power, which is now cheaper than fossil fuels there.
Math and history are just some of the subjects at the Ron Clark Academy. The Atlanta middle school teaches everything from eye contact to the value of friendly competition - a method that makes kids want to attend class. "It is a place that's about passion, energy," co-founder Ron Clark said. "I wanted to create a school where you could feel the spirit, wanted kids to walk into this school and say, 'I love coming here.'" The building is a 50,000 square foot warehouse ... transformed into the sort of place J.K. Rowling dreamed up for "Harry Potter." Every classroom has an elaborate theme - there's a dragon and a two-story bungee jump and all 112 kids have to be "slide-certified" - a symbol they've signed on for something different. "I love Hogwarts and 'Harry Potter' and the kids do too and so we wanted to bring that book to life and that feeling to life for these kids," Clark said. But there's a rigor to the magic, a drive to thrive. Clark has 55 rules, a code of conduct that covers shaking hands, maintaining eye contact and answering questions in complete sentences. Clark sets the bar high and holds his kids accountable. For Clark, his aim is for his students to walk into the world without any sense of fear. "I want them to go out into this world and to know, 'I am confident because I have the ability, I can achieve this.' I want kids to leave here and go for it and make an impact," he said. At the Ron Clark Academy, they go for it every day, like no other school in America.
Note: Watch this amazing clip of this most untraditional, yet successful school.
Fossil fuel companies are benefitting from global subsidies of $5.3tn (Ł3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund. The IMF ... says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the world’s governments. The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. The biggest single source of air pollution is coal-fired power stations and China, with its large population and heavy reliance on coal power, provides $2.3tn of the annual subsidies. The next biggest fossil fuel subsidies are in the US ($700bn), Russia ($335bn), India ($277bn) and Japan ($157bn), with the European Union collectively allowing $330bn in subsidies to fossil fuels. Subsidy reforms are beginning in dozens of countries including Egypt, Indonesia, Mexico, Morocco and Thailand. In India, subsidies for diesel ended in October 2014. Coal use has also begun to fall in China for the first time this century. Shelagh Whitley, a subsidies expert at the Overseas Development Institute, said: “Our research shows that many of the energy subsidies highlighted by the IMF go toward finding new reserves of oil, gas and coal, which we know must be left in the ground if we are to avoid catastrophic, irreversible climate change.”
Note: The additional cost of suppressing new energy technologies does not appear to have been included in these IMF estimates.
Robert David Steele, former Marine, CIA case officer, and US co-founder of the US Marine Corps intelligence activity, is ... widely recognised as the leader of the Open Source Intelligence (OSINT) paradigm. In 1992, despite opposition from the CIA, he obtained Marine Corps permission to organise a landmark international conference on open source intelligence – the paradigm of deriving information to support policy decisions not through secret activities, but from open public sources available to all. The conference was such a success it brought in over 620 attendees from the intelligence world. But the CIA ... ensured that Steele was prohibited from running a second conference, [prompting] him to resign from his position as second-ranking civilian in Marine Corps intelligence. Last month, Steele presented a startling paper at the Libtech conference in New York. Drawing on principles set out in his latest book, The Open-Source Everything Manifesto ... he told the audience that all the major preconditions for revolution – set out in his 1976 graduate thesis – were now present in the United States and Britain. Steele's book ... connects up the increasing corruption, inefficiency and unaccountability of the intelligence system and its political and financial masters with escalating inequalities and environmental crises. But he also offers a comprehensive vision of hope. "Sharing, not secrecy, is the means by which we ... can create a nonzero win-win Earth that works for one hundred percent of humanity."
Note: Watch an excellent video showing Mr. Steele believes that most terrorist attacks are false flag operations.
Five of the world’s largest banks have agreed to pay more than $5 billion in fines to settle charges made by regulatory agencies and the Justice Department that the banks had acted in concert to manipulate international interest and foreign currency exchange rates. Attorney General Loretta E. Lynch said the banks had engaged in “brazenly illegal behavior on a near-daily basis.” The scale of the price-fixing scandal is hard to grasp. It touched ... almost every company and individual in the financial markets. By tweaking global benchmarks used to set foreign exchange and interest rates for a staggering number of transactions a day, the banks — over several years — bilked billions of dollars of extra profits by altering rates in their favor. Critics complained that the Justice Department had failed to prosecute any additional individuals. Wall Street watchdog group Better Markets called it a “slap on the wrist,” and Sen. Elizabeth Warren (D-Mass.) said in an e-mail: “That’s not accountability for Wall Street. It’s business as usual, and it stinks.” Barclays, along with JPMorgan Chase, Royal Bank of Scotland Group and Citigroup, will plead guilty to conspiring to manipulate the price of U.S. currency and euros, authorities said. JPMorgan Chase said it had agreed to plead guilty to a single antitrust violation and pay a fine of $550 million. Under the resolution with the Fed, the firm will pay a fine of $342 million. The bank said it had previously set aside reserves for these settlements.
Note: When it comes to international banking, it appears that almost everything is rigged. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.
Royal Dutch Shell has been accused of pursuing a strategy that would lead to potentially catastrophic climate change after an internal document acknowledged a global temperature rise of 4C, twice the level considered safe for the planet. A paper used for guiding future business planning at the Anglo-Dutch multinational assumes that carbon dioxide emissions will fail to limit temperature increases to 2C, the internationally agreed threshold to prevent widespread flooding, famine and desertification. Instead, the New Lens Scenarios document refers to a forecast by the independent International Energy Agency (IEA) that points to a temperature rise of up to 4C in the short term, rising later to 6C. Louise Rouse, an investor relations specialist and consultant to Greenpeace, said the New Lens document undermined Shells claim that ongoing oil and gas exploration helps raise living standards in the developing world by supplying the energy for rapidly expanding economies. There is an incoherence at best between oil companies on the one hand positioning themselves as being on the side of the worlds developing countries and while on the other actively pursuing strategies which will entail catastrophic climate change which we already know is having a significant impact on the global south, she said. Shells carbon dioxide emissions have risen in 2014 and are set to increase further as it expands the business through a planned 47bn takeover of rival BG.
Note: For more along these lines, see concise summaries of deeply revealing stories about global warming and corporate corruption from reliable sources.
In the wee hours of Aug. 24, 1953, George Van Tassel, a 43-year-old former aviation engineer, was awakened by a man from outer space. The spaceman looked like a human. He informed Van Tassel that his name was Solganda and that he was 700 years old. (He looked no older than 28, Van Tassel said.) Van Tassel was ushered onto the spacecraft where he was told that Earthlings’ reliance on metal building materials was interfering with radio frequencies and disrupting interplanetary “thought transfers.” Solganda also divulged a secret: a formula that Van Tassel could use to build a remarkable machine, a device that would generate electrostatic energy to suspend the laws of gravity, extend human life and facilitate high-speed time travel. A circular, dome-topped building, 38 feet tall and 55 feet in diameter, [was] constructed by Van Tassel over the course of nearly two decades in accordance with the instructions of his extraterrestrial architectural patron. The name that Van Tassel gave to his time machine: the Integratron. It ... was constructed without nails, screws, flashing or weather stripping. But it’s not the way the Integratron looks that draws thousands to Landers each year. It’s how the place sounds. You may not subscribe to Van Tassel’s [beliefs], but an Integratron sound bath will startle your ears, and, perhaps, awaken your imagination. Beneath the wooden dome, it seems at moments that you’re not listening to sound so much as inhabiting it. It is, aesthetically speaking, extraterrestrial: a transportative encounter with music, an experience of pure sound not quite of this earth.
Note: Watch an incredible video interview from 1964 of George Van Tassel. In this interview, Van Tassel shares the equation he claims given to him by an ET: F=1/T, Frequency = 1/Time. For more fascinating equations received in a similar method, explore Wilbur Smith's essay "The New Science." Read more on the Integraton in this 2015 article in the Atlantic. And if you are eager for more, listen to a very informative and revealing 50-minute interview with Van Tassel. Fascinating stuff!!!
More than 1,400 suspects, including politicians and celebrities, have been investigated by police probing historical child sex abuse allegations. The figures were revealed by Operation Hydrant, set up by the National Police Chiefs' Council (NPCC). It explores ... child sex abuse by "prominent public persons". Of the 1,433 suspects identified, 216 are now dead and 261 are classified as people of public prominence, with 135 coming from TV, film or radio. The figures are taken from police forces in England, Wales, Scotland and Northern Ireland. They relate to reports of abuse, or investigations of abuse, which police forces were dealing with in the summer of 2014. Norfolk Police Chief Constable Simon Bailey, the NPCC's lead on child protection, said the referrals were increasing "on an almost daily basis". He also said police were projected to receive about 116,000 reports of historical child sex abuse by the end of 2015 - an increase of 71% from 2012. He added: "There is no doubt [Jimmy] Savile has had an effect on us. We are dealing with more and more allegations." Ex-DJ Jimmy Savile was revealed after his death to be one of the UK's most prolific sexual predators. Jon Brown, head of the NSPCC's programme to tackle sexual abuse, described the figures as "astonishing" and said they showed abuse "permeates all parts of society". He added: "What we're beginning to see is a much more realistic picture now of the scale of the problem."
Note: Watch powerful evidence in a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing sex abuse scandal news articles from reliable major media sources.
President Obama chose Nike headquarters ... to deliver a defense last week of his proposed Trans-Pacific Partnership. It was an odd choice of venue. While Nike still makes some shoe components in the United States, it hasn’t assembled shoes here since 1984. Last year, a third of Nike’s remaining 13,922 American production workers were laid off. Most of Nike’s products are made by 990,000 workers in low-wage countries whose abysmal working conditions have made Nike a symbol of global sweatshop labor. America has a huge and growing problem of inequality. Most Americans are earning no more than the typical American earned 30 years ago, adjusted for inflation — even though the U.S. economy is almost twice as big. Since then, almost all the economic gains have gone to the top. The so-called economic recovery that began in 2009 has ... had no effect on the wages of most Americans. Jobs are coming back, but wages are still stuck in the mud. Here’s where Nike comes in. Congressional Republicans — and the president — want a giant trade deal that protects corporate investors but will lead to even more offshoring of lower-skilled American jobs. We know that when Americans displaced from manufacturing jobs join the glut of Americans competing for personal service jobs ... their wages decline. It’s not Nike’s fault. Nike is simply playing by the rules. But the rules are tilted against the interests of most American workers.
Note: The above article further clarifies why the Trans-Pacific Partnership is a pending disaster. The article was written by former US Secretary of Labor and current professor of public policy at UC Berkeley Robert Reich, who also released a two minute video to educate the public about the dangers of the TPP. For more, see concise summaries of deeply revealing income inequality news articles 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.