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Media Articles
Excerpts of Key Media Articles in Major Media


Below are key excerpts of highly revealing media articles from the major media. Links are provided to the full articles on their media websites. If any link fails to function, read this webpage. These media articles are listed in reverse date order. You can also explore the articles listed by order of importance or by date posted. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.


Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


It's Time for the Scientific Community to Admit We Were Wrong About COVID and It Cost Lives
2023-01-30, Newsweek
https://www.newsweek.com/its-time-scientific-community-admit-we-were-wrong-ab...

I staunchly supported the efforts of the public health authorities when it came to COVID-19. I was with them when they called for lockdowns, vaccines, and boosters. I was wrong. We in the scientific community were wrong. And it cost lives. The scientific community from the CDC to the WHO to the FDA and their representatives, repeatedly overstated the evidence and misled the public about its own views and policies, including on natural vs. artificial immunity, school closures and disease transmission, aerosol spread, mask mandates, and vaccine effectiveness and safety, especially among the young. All of these were scientific mistakes at the time, not in hindsight. Some of these obfuscations continue to the present day. We excluded important parts of the population from policy development and castigated critics, which ... exacerbated longstanding heath and economic disparities. We systematically minimized the downsides of the interventions we imposed–imposed without the input, consent, and recognition of those forced to live with them. In so doing, we violated the autonomy of those who would be most negatively impacted by our policies: the poor, the working class, small business owners, Blacks and Latinos, and children. We severely judged lockdown critics as lazy, backwards, even evil. We believed "misinformation" energized the ignorant. If our public health officials had led with less hubris, the course of the pandemic in the United States might have had a very different outcome, with far fewer lost lives.

Note: The above was written by MD/PhD student Kevin Bass. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


$5.4 billion in covid aid may have gone to firms using suspect Social Security numbers
2023-01-30, Washington Post
https://www.washingtonpost.com/business/2023/01/30/ppp-covid-fraud-social-sec...

The U.S. government may have awarded roughly $5.4 billion in coronavirus aid to small businesses with potentially ineligible Social Security numbers, offering the latest indication that Washington's haste earlier in the pandemic opened the door for widespread waste, fraud and abuse. The top watchdog overseeing stimulus spending – called the Pandemic Response Accountability Committee, or PRAC – offered the estimate in an alert issued Monday and shared early with The Washington Post. It came as House Republicans prepared to hold their first hearing this week to study the roughly $5 trillion in federal stimulus aid approved since spring 2020. The suspected wave of grift targeted two of the government's most generous emergency initiatives: the Paycheck Protection Program, known as PPP, and the Economic Injury Disaster Loan, dubbed EIDL. Studying more than 33 million applicants, the PRAC uncovered more than 221,000 ineligible Social Security numbers on requests for small-business aid. That included thousands of cases where the number was "not issued" by the government, for example, or it did not match the correct name and birth information. More than a quarter of those applications, using nearly 70,000 suspect Social Security numbers, were still approved between April 2020 and October 2022 despite the questionable data – and the government loaned those applicants about $5.4 billion, the watchdog found. The full extent of taxpayers' losses remains unknown, even to Washington.

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


California Loses on Medical Censorship
2023-01-30, Wall Street Journal
https://www.wsj.com/articles/california-loses-on-medical-censorship-gavin-new...

Gov. Gavin Newsom boasts that California is the land of the free, yet courts keep rebuking state lawmakers for violating individual liberties. A federal judge did so again last week in enjoining a new state law that threatened to punish doctors accused of promulgating Covid "misinformation." Democrats last year passed legislation empowering the state medical board to discipline doctors licensed in the state who "disseminate misinformation or disinformation" that contradicts the "contemporary scientific consensus" or is "contrary to the standard of care." The law's goal is to enforce a public-health orthodoxy among doctors and silence dissenters. But as federal Judge William Shubb explains, the law's definitions of "misinformation" and "contemporary scientific consensus" are unconstitutionally vague under the Due Process Clause of the Fourteenth Amendment. Doctors have no way of knowing how the law will be applied by the board or interpreted by courts, which chills their practice of medicine. "Who determines whether a consensus exists to begin with? If a consensus does exist, among whom must the consensus exist (for example practicing physicians, or professional organizations, or medical researchers, or public health officials, or perhaps a combination)?" Judge Shubb wrote. Under the law, doctors could be punished for contradicting the public-health orthodoxy on Covid vaccines for children or for booster shots.

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


Revealed: how US transition to electric cars threatens environmental havoc
2023-01-24, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/us-news/2023/jan/24/us-electric-vehicles-lithium-...

The US's transition to electric vehicles could require three times as much lithium as is currently produced for the entire global market, causing needless water shortages, Indigenous land grabs, and ecosystem destruction inside and outside its borders, new research finds. It warns that unless the US's dependence on cars in towns and cities falls drastically, the transition to lithium battery-powered electric vehicles by 2050 will deepen global environmental and social inequalities linked to mining – and may even jeopardize the 1.5C global heating target. But ambitious policies investing in mass transit, walkable towns and cities, and robust battery recycling in the US would slash the amount of extra lithium required in 2050 by more than 90%. In fact, this first-of-its-kind modeling shows it is possible to have more transport options for Americans that are safer, healthier and less segregated, and less harmful mining while making rapid progress to zero emissions. If Americans continue to depend on cars at the current rate, by 2050 the US alone would need triple the amount of lithium currently produced for the entire global market, which would have dire consequences for water and food supplies, biodiversity, and Indigenous rights. Lithium mining is, like all mining, environmentally and socially harmful. More than half the current lithium production, which is very water intensive, takes place in regions blighted by water shortages that are likely to get worse due to global heating.

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


School lunch goes farm-to-table for some California students
2023-01-24, PBS
https://www.pbs.org/newshour/education/school-lunch-goes-farm-to-table-for-so...

The food served at the suburban San Francisco school system, Mount Diablo Unified, reflects a trend away from mass-produced, reheated meals. Its lunch menus are filled with California-grown fruits and vegetables, grass-fed meats and recipes that defy the stereotype of inedible school food. Among American schoolchildren, these students are in the lucky minority. Making fresh meals requires significant investment and, in many areas, an overhaul of how school kitchens have operated for decades. What's more, federal money to boost lunch budgets has declined. The government last year ended a pandemic-era program offering free school meals to everyone. A few states, such as California, have been paying to keep meals free for all students, but most states went back to charging all but the neediest kids for meals. Increases in money from California's state government have made it possible for Mount Diablo to buy fresher local ingredients and hire the chef, Josh Gjersand, a veteran of Michelin-starred restaurants. Local farms, bakers, creameries and fishermen now supply most ingredients to the district, which serves 30,000 students from wealthy and low-income communities east of San Francisco. Making food from scratch isn't just healthier, it's cheaper, many school nutrition directors say. In 2021, California committed to spending $650 million annually to supplement federal meal reimbursements – money for food, staff, new equipment and other upgrades.

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


Elon Musk Says the Second Dose of mRNA Booster Jab Crushed Him as Vaccine Debate Grows Worldwide
2023-01-23, International Business Times
https://www.ibtimes.sg/elon-musk-says-second-dose-mrna-booster-jab-crushed-hi...

Twitter CEO Elon Musk on Saturday joined the growing debate on the serious side-effects of Covid-19 vaccines, saying he had "major side effects from my second booster shot". In a tweet, he said that he "felt like I was dying for several days". "Hopefully, no permanent damage, but I dunno," the billionaire said, adding that "first mRNA booster was ok, but the second one crushed me". Musk's admission about the side-effects of Covid vaccines came as Pfizer CEO Albert Bourla evaded difficult questions about the effectiveness of the company's vaccine during the World Economic Forum (WEF) meeting in Davis. Bourla refused to answer any questions and instead repeatedly responded with phrases such as "Thank you very much" and "Have a wonderful day". Musk also revealed that his cousin, who is young and in peak health, "had a serious case of myocarditis" and "had to go to the hospital" after the Covid vaccine jab.

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


The 'carbon pirates' preying on Amazon's Indigenous communities
2023-01-21, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/environment/2023/jan/21/amazon-indigenous-communi...

A number of Indigenous communities in the Amazon say that "carbon pirates" have become a threat to their way of life as western companies seek to secure deals in their territories for offsetting projects. Across the world's largest rainforest, Indigenous leaders say they are being approached by carbon offsetting firms promising significant financial benefits from the sale of carbon credits if they establish new projects on their lands, as the $2bn (Ł1.6bn) market booms with net zero commitments from companies in Europe and North America. Proponents of carbon markets, especially those that aim to protect rainforests, say that carbon credits are a good way to fund the new areas and pay Indigenous communities for the stewardship of their lands. The resulting credits could then be used for climate commitments by western companies. Indigenous communities are being taken advantage of in the unregulated sector, with opaque deals for carbon rights that can last up to a century, lengthy contracts written in English, and communities being pushed out of their lands for projects. Examples include Peru's largest ever carbon deal involving an unnamed extractive firm, where the Kichwa community claim they have been forced from their land in Cordillera Azul national park and received nothing from the $87m agreement. Several Indigenous communities spoke of training themselves in carbon market regulation and organising global exchanges to help others avoid falling victim to "carbon pirates".

Note: An excellent investigation reveals that over 90% of rainforest offsets are likely to be "phantom credits" and do not represent real carbon reductions, yet are being used by Disney, Shell, Gucci, Salesforce, the band Pearl Jam, and other large corporations. For more along these lines, see concise summaries of deeply revealing news articles on climate change from reliable major media sources.


COVID-19 Drugmakers Pressured Twitter to Censor Activists Pushing for Generic Vaccine
2023-01-16, The Intercept
https://theintercept.com/2023/01/16/twitter-covid-vaccine-pharma/

Vaccine-makers sought to shape content moderation actions at Twitter. Stronger, a campaign run by Public Good Projects, a public health nonprofit specializing in large-scale media monitoring programs, regularly communicated with Twitter on regulating content related to the pandemic. The firm worked closely with the San Francisco social media giant to help develop bots to censor vaccine misinformation and, at times, sent direct requests to Twitter with lists of accounts to censor and verify. Internal Twitter emails show regular correspondence between an account manager at Public Good Projects, and various Twitter officials, including Todd O'Boyle, lobbyist with the company who served as a point of contact with the Biden administration. The content moderation requests were sent throughout 2021 and early 2022. The entire campaign ... was entirely funded by the Biotechnology Innovation Organization, a vaccine industry lobbying group. BIO, which is financed by companies such as Moderna and Pfizer, provided Stronger with $1,275,000 in funding for the effort, which included tools for the public to flag content on Twitter, Instagram, and Facebook for moderation. Many of the tweets flagged by Stronger contained absolute falsehoods. But others hinged on a gray area of vaccine policy through which there is reasonable debate, such as requests to label or take down content critical of vaccine passports and government mandates to require vaccination.

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


Call for new taxes on super-rich after 1% pocket two-thirds of all new wealth
2023-01-15, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/inequality/2023/jan/16/oxfam-calls-for-new-taxes-...

Oxfam has called for immediate action to tackle a post-Covid widening in global inequality after revealing that almost two-thirds of the new wealth amassed since the start of the pandemic has gone to the richest 1%. In [a] report to coincide with the annual gathering of the global elite at the World Economic Forum in Davos, the charity said the best-off had pocketed $26tn (Ł21tn) in new wealth up to the end of 2021. That represented 63% of the total new wealth, with the rest going to the remaining 99% of people. Oxfam said extreme concentrations of wealth led to weaker growth, corrupted politics and the media, corroded democracy and led to political polarisation. The report called on governments to introduce immediate one-off wealth levies on the richest 1%, together with windfall taxes to clamp down on profiteering during the global cost of living crisis. Subsequently, there should be a permanent increase in taxes on rich. In support of its call for redistribution of wealth, Oxfam said: Food and energy companies had more than doubled their profits in 2022, paying out $257bn to wealthy shareholders at a time when more than 800 million people were going hungry. Only 4 cents in every dollar of tax revenue came from wealth taxes, and half the world's billionaires lived in countries with no inheritance tax. A tax of up to 5% on the world's multimillionaires and billionaires could raise $1.7tn a year, enough to lift 2 billion people out of poverty, and fund a global plan to end hunger.

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


The world's biggest PR firm claims to be an expert on trust – but is it?
2023-01-15, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/business/2023/jan/15/edelman-pr-firm-davos-trust

At the World Economic Forum in Davos, Switzerland this week, the public relations juggernaut Edelman will publish the latest edition of its "trust barometer", an annual survey that purports to measure whether people around the world trust businesses, governments, NGOs and the media. There's just one problem: even as Edelman promotes its brand and pursues clients with stern warnings about the importance of trust, critics charge the company appears reluctant to follow its own advice. The firm's clients have ranged from ExxonMobil to the Saudi government and members of the Sackler family, the former owners of the opioid manufacturer Purdue Pharma. Successful PR firms do more than simply promote and spin – they actually infuse the public discourse with their clients' perspectives. "These companies are trying not just to manage trust, but to make trust," [media studies professor Melissa] Aronczyk said. "And if they themselves are the owners of that survey, or barometer, or whatever it is, then, of course, they become the proprietors of that kind of value." Edelman's most effective case study might be the firm itself. It has managed to cultivate a reputation for trust even as its business model appears regularly to contradict its advice and its CEO's admonitions. Over the past four years Edelman has signed about $9.6m worth of deals with the government of Saudi Arabia and companies controlled by the regime, while simultaneously urging businesses to stand up for human rights.

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


We are overcounting covid deaths and hospitalizations. That's a problem.
2023-01-13, Washington Post
https://www.washingtonpost.com/opinions/2023/01/13/covid-pandemic-deaths-hosp...

According to the Centers for Disease Control and Prevention, the United States is experiencing around 400 covid deaths every day. At that rate, there would be nearly 150,000 deaths a year. But are these Americans dying from covid or with covid? Robin Dretler ... the former president of Georgia's chapter of Infectious Diseases Society of America, estimates that at his hospital, 90 percent of patients diagnosed with covid are actually in the hospital for some other illness. "Since every hospitalized patient gets tested for covid, many are incidentally positive," he said. A gunshot victim or someone who had a heart attack, for example, could test positive for the virus, but the infection has no bearing on why they sought medical care. If these patients die, covid might get added to their death certificate. But the coronavirus was not the primary contributor to their death and often played no role at all. Earlier in the pandemic, a large proportion of covid-positive hospitalizations were due to covid. But as more people developed some immunity through vaccination or infection, fewer patients were hospitalized because of it. During some days, [infectious-disease physician Shira Doron] said, the proportion of those hospitalized because of covid were as low as 10 percent of the total number reported. Both Dretler and Doron ... want the public to see what they're seeing, because, as Doron says, "overcounting covid deaths undermines people's sense of security and the efficacy of vaccines."

Note: Further explore the troubling inflation of COVID death numbers in this thought-provoking article, which shows how factual information and good science are being labeled as a "conspiracy" within mainstream culture. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


UFO reports by US troops skyrocket to over 500
2023-01-13, BBC News
https://www.bbc.com/news/world-us-canada-64252340

A new de-classified US government report on UFO sightings by US troops has revealed hundreds of new cases. The US National Intelligence office is now aware of 510 reported sightings, an increase over the 144 compiled in the spy agency's first 2021 assessment. Nearly half of the new sightings were deemed "unremarkable" and attributed to human origins, according to the report. However, more than 100 of the encounters remain unexplained. The report says that encounters with UFOs - which the government calls Unidentified Aerial Phenomena (UAPs) - continue "to occur in restricted or sensitive airspace, highlighting possible concerns for safety" and national security. The report was issued in part to help "destigmatise" experiences with UFOs and improve air safety. And it says increased reports of encounters are indeed the result of "a concentrated effort to destigmatise the topic of UAP and instead recognise the potential risks that it poses as both a safety of flight hazard and potential adversarial activity", the report states. It goes on to say that 171 sightings still remain "uncharacterised and unattributed" - meaning, not enough information was collected to effectively identify them. "Some of these uncharacterised UAP appear to have demonstrated unusual flight characteristics or performance capabilities, and require further analysis," the report says. The reports are being examined by the All-domain Anomaly Resolution Office (AARO), an office in the Pentagon created last year to review UAP incidents.

Note: For more along these lines, see concise summaries of deeply revealing news articles on UFOs from reliable major media sources. Then explore the excellent, reliable resources provided in our UFO Information Center.


FDA vaccine advisers 'disappointed' and 'angry' that early data about new Covid-19 booster shot wasn't presented for review last year
2023-01-11, CNN News
https://www.cnn.com/2023/01/11/health/moderna-bivalent-transparency/index.html

Some vaccine advisers to the federal government say they're "disappointed" and "angry" that government scientists and the pharmaceutical company Moderna didn't present a set of infection data on the company's new Covid-19 booster during meetings last year when the advisers discussed whether the shot should be authorized and made available to the public. That data suggested the possibility that the updated booster might not be any more effective at preventing Covid-19 infections than the original shots. US taxpayers spent nearly $5 billion on the new booster, which has been given to more than 48.2 million people. "I was angry to find out that there was data that was relevant to our decision that we didn't get to see," said Dr. Paul Offit, a member of the Vaccines and Related Biological Products Advisory Committee, a group of external advisers that helps the FDA make vaccine decisions. The data that was not presented to the experts looked at actual infections: who caught Covid-19 and who did not. It found that 1.9% of the study participants who received the original booster became infected. Among those who got the updated bivalent vaccine ... a higher percentage, 3.2%, became infected. A 22-page FDA briefing document given to the advisers did not mention this infection data. Dr. Jerry Weir, director of the Division of Viral Products at the FDA's Office of Vaccines Research and Review, also did not mention the infection data in his presentation to the advisers.

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


How Deadly Were the Covid Lockdowns?
2023-01-11, Wall Street Journal
https://www.wsj.com/articles/how-deadly-were-the-covid-lockdowns-excess-death...

Covid-19 is deadly, but so were the draconian steps taken to mitigate it. During the first two years of the pandemic, "excess deaths"–the death toll above the historical trend–markedly exceeded the number of deaths attributed to Covid. In a paper we just published in Inquiry, based on data from the Centers for Disease Control and Prevention, we found that "non-Covid excess deaths" totaled nearly 100,000 a year in 2020 and 2021. Even these numbers likely overestimate deaths from Covid and underestimate those from other causes. The official count of "Covid deaths" includes people who tested positive but died of other causes. What are non-Covid excess deaths? During the pandemic, deaths from accidents, overdoses, alcoholism and homicide all soared, as did deaths from hypertension, heart disease and diabetes. From April 2020 through December 2021, deaths from Covid averaged 350,000 a year for Americans 65 and older, 100,000 a year for those 45 to 64, and 20,000 a year for those 18 to 44. That produced excess deaths for these age groups of 16%, 19% and 11% respectively. The CDC data show the rate of non-Covid excess deaths in the first half of 2022 was even higher than 2020 or 2021. These deaths therefore likely already exceed 250,000, disproportionately among young adults. We now have more overdose deaths each year than all military deaths of the last 60 years combined. Homicides, accidents and alcohol deaths are collectively running tens of thousands per year above pre-pandemic norms.

Note: The above was written by Rob Arnott and Casey B. Mulligan. Mr. Arnott founded asset management firm Research Affiliates. Mr. Mulligan was chief economist for the White House Council of Economic Advisers. For more along these lines, watch an articulate interview discussing excess deaths since 2021 that aren't linked to COVID-19, yet are most likely associated with the rollout of the COVID vaccines.


This Kenyan Slum Has Something to Teach the World
2023-01-11, New York Times
https://www.nytimes.com/2023/01/11/opinion/kenya-development-slum.html?action...

Here in the Kibera slum, life sometimes seems a free-for-all. Yet this is an uplifting slum. Kennedy [Odede] taught himself to read ... then formed a Kibera self-help association called Shining Hope for Communities, better known as SHOFCO. Let's just acknowledge that development is hard, particularly in urban slums that are growing fast around the world. Billions of dollars are poured into the poorest countries, and in Haiti and South Sudan one sees fleets of expensive white S.U.V.s driven by aid organizations; what's missing is long-term economic development. International aid keeps children alive, which is no small feat. But it has had less success in transforming troubled places. That's where SHOFCO is intriguing as an alternative model. "Development has been part of imperialism – you know better than anybody else because you're from America or Europe," Kennedy [said]. He thinks international aid sometimes is ineffective partly because it feels imposed by the outside. SHOFCO has spread through low-income communities across Kenya and now boasts 2.4 million members, making it one of the largest grass-roots organizations in Africa. It provides clean water, fights sexual assault, runs a credit union, coaches people on starting small businesses, runs libraries and internet hot spots, mobilizes voters to press politicians to bring services to slums, runs public health campaigns and does 1,000 other things. It exemplifies a partnership: local leadership paired with a reliance on the best international practices.

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


'Experts' Are Fueling Distrust in Vaccines
2023-01-09, Wall Street Journal
http://www.wsj.com/articles/experts-fueling-distrust-vaccines-antivax-public-...

Nearly half of Americans believe Covid vaccines have probably caused a significant number of unexplained deaths, according to a Rasmussen Reports survey. Rasmussen reported that a near equal proportion worry that Covid vaccines may have major side effects (57%) as believe they are effective (56%). The mRNA vaccines ... were authorized by the Food and Drug Administration on an emergency basis after only 10 months of testing. Vaccine trials usually take about 10 years. The FDA in December 2020 decided it couldn't wait for an exhaustive study and authorized the Pfizer and Moderna vaccines after two large randomized controlled trials showed they were nearly 95% effective against symptomatic infection. But patients had been tracked for only a few months. The trials included too few participants to identify relatively rare adverse effects, especially among those of different age groups or with particular medical conditions. Public-health officials couldn't conclude with any certainty whether the vaccines cause, for example, neurological symptoms in 1 of every 100,000 recipients or cardiac problems in 1 of every 10,000 young men. While the FDA later granted both vaccines full approval, boosters were never tested in large clinical trials. Nor has the government's recommended vaccine regimen, which for seniors has been five doses in less than two years. The internet is full of stories of unexplained deaths that follow vaccines, many of which may be coincidence but some of which may not.

Note: Media coverage is increasing about the questionable efficacy and safety of the COVID vaccines. If almost half of Americans believe COVID vaccines likely caused a significant number of unexplained deaths, why is the FDA now proposing annual COVID vaccinations? For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.


Sam Bankman-Fried's Lawyers ​Are Veterans of Ghislaine Maxwell and 'El Chapo' Cases
2023-01-09, Wall Street Journal
https://www.wsj.com/articles/sam-bankman-frieds-defense-team-led-by-battle-te...

A pair of attorneys defending FTX founder Sam Bankman-Fried against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases, including ones involving drug lord "El Chapo" and disgraced socialite Ghislaine Maxwell. Mark Cohen and Christian Everdell, former federal prosecutors who are now partners in the New York-based boutique firm Cohen & Gresser ... are up against hard-charging Justice Department lawyers who moved quickly to indict Mr. Bankman-Fried after FTX's collapse and secured two of his former top lieutenants as cooperating witnesses. The Manhattan U.S. attorney's office this past month charged Mr. Bankman-Fried with stealing billions of dollars from FTX customers while misleading investors and lenders connected to his crypto-trading firm Alameda Research. He faces charges of fraud, conspiracy, money laundering and campaign-finance violations and pleaded not guilty last week. Messrs. Cohen, 59 years old, and Everdell, 48, have already navigated their client through a thorny extradition from the Bahamas, where Mr. Bankman-Fried had been jailed after the Justice Department requested that local police arrest him. The two lawyers worked with local counsel to secure his transfer to U.S. custody while negotiating with federal prosecutors his pretrial release under a $250 million bond. They are now tasked with combing through voluminous and technical discovery, including documents relating to FTX investors, debtors and political campaigns.

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


The US should break up monopolies – not punish working Americans for rising prices
2023-01-08, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/commentisfree/2023/jan/08/us-monopolies-inflation...

Job growth and wages are slowing. This is music to the ears of Federal Reserve chair Jerome Powell, because the Fed blames inflation on rising wages. The Fed has been increasing interest rates to slow the economy and thereby reduce the bargaining power of workers to get wage gains. But aren't higher wages a good thing? The typical American worker's wage has been stuck in the mud for four decades. Most of the gains from a more productive economy have been going to the top – to executives and investors. The richest 10% of Americans now own more than 90% of the value of shares of stock owned by Americans. Powell's solution to inflation is to clobber workers even further. But if the demand for workers exceeds the supply, isn't the answer to pay workers more? Not according to Powell and the Fed. Their answer is to continue to raise interest rates to slow the economy and put more people out of work, so workers can't get higher wages. The Fed projects that as it continues to increase interest rates, unemployment will rise to 4.6% by the end of 2023 – resulting in more than 1m job losses. The problem isn't that wages are rising. The real problem is that corporations have the power to pass those wage increases – along with record profit margins – on to consumers in the form of higher prices. If corporations had to compete vigorously for consumers, they wouldn't be able to do this. Competitors would charge lower prices and grab those consumers away.

Note: The above was written by former US Secretary of Labor Robert Reich. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality from reliable major media sources.


Tensions with Virgin Islands governor over Epstein led to attorney general's firing
2023-01-06, New York Times
https://www.nytimes.com/2023/01/06/business/virgin-islands-epstein-attorney-g...

The former attorney general for the Virgin Islands, who recently secured a $105 million settlement from the estate of Jeffrey Epstein, was recently fired following months of friction between her and the U.S. territory's governor over the handling of the investigation into the disgraced financier, according to people briefed on the matter. Denise N. George, the former official, was dismissed by Albert Bryan Jr., the governor of the Virgin Islands, on New Year's Eve, four days after her office sued JPMorgan Chase in federal court in Manhattan for its dealings with Mr. Epstein, who died of an apparent suicide in 2019 while in federal custody. The timing of Ms. George's firing fueled media speculation in the Virgin Islands and beyond that the suit against JPMorgan was the immediate cause. In late December, Ms. George's office sued JPMorgan in federal court in Manhattan, claiming that bank was derelict in providing banking services to Mr. Epstein during the time he was charged with sexually abusing teenage girls and young women at Little St. James and elsewhere in the U.S. The lawsuit accused JPMorgan of facilitating and concealing wire and cash transactions that should have raised suspicions that Mr. Epstein was engaging in the sexual trafficking of teen girls and young women. The lawsuit contends the bank essentially turned a "blind eye" to Mr. Epstein's conduct because it was profitable. JPMorgan, the largest U.S. bank by assets, was Mr. Epstein's primary banker from the late 1990s to 2013.

Note: For more along these lines, see concise summaries of deeply revealing news articles on banking corruption and Jeffrey Epstein's sex trafficking ring from reliable major media sources.


Facebook Wanted Out of Politics. It Was Messier Than Anyone Expected.
2023-01-05, Wall Street Journal
https://www.wsj.com/articles/facebook-politics-controls-zuckerberg-meta-11672...

A Journal article in 2021 cited internal [Facebook] research showing that steps to promote engagement had favored inflammatory material, with publishers and political parties reorienting their posts toward outrage and sensationalism. After the Jan. 6 Capitol riot, Facebook parent Meta Platforms Inc. said it wanted to scale back how much political content it showed users. [Chief Executive Mark] Zuckerberg and [Meta's] board chose the most drastic, instructing the company to demote posts on "sensitive" topics as much as possible ... an initiative that hasn't previously been reported. Depending on the mix of suppression features deployed, projected Facebook traffic to Fox News, MSNBC, the New York Times, Newsmax, the Atlantic and The Wall Street Journal would initially fall by as much as 40% to 60% beyond the already enacted reductions. Suppressing civic content didn't appear likely to convince users that Facebook wasn't politically toxic. According to internal research, the percentage of users who said they thought Facebook had a negative effect on politics didn't budge with the changes, staying consistently around 60% in the U.S. Ravi Iyer, a former Meta data-science manager ... said there should be more focus on the way platforms allow certain content to go viral, rather than subjective decisions about what to leave up or take down. “Having employees judge good vs. bad speech often creates more problems than it solves,” he said. “Our goal should be fewer judgment calls.”

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