News ArticlesExcerpts of Key News Articles in Major Media
Hackers were able to successfully breach the software of U.S. voting machines in less than two hours at a competition in Las Vegas. The event exposed glaring deficiencies in the security of U.S. voting infrastructure. According to the Register, the hackers at the DEF CON conference Friday were given voting machines, and competed to access them by physically breaking them open and hacking them remotely. Some devices had remote ports, which could be used to insert devices with malicious software, others insecure WiFi connections, or outdated software such as Windows XP, rendering them exposed to hacking attacks. The machines, manufactured by companies including Diebold, Sequoia and Winvote equipment, were purchased over eBay or at government auctions. In June, the Intercept published leaked NSA documents showing that Russian agents hacked a U.S. voting systems manufacturer in the weeks leading to last year's presidential election. NSA contractor Reality Leigh Winner, 25, was subsequently charged with removing classified material from a government facility and mailing it to a news outlet. "Without question, our voting systems are weak and susceptible. Thanks to the contributions of the hacker community today, we've uncovered even more about exactly how," said Jake Braun, the Chief Executive Officer of Cambridge Global Advisors and Managing Director of Cambridge Global Capital, who designed the hacking competition.
Note: Many who follow elections closely have known and spread the word for years about serious vulnerabilities in US electronic voting. Read an enlightening analysis of elections hacking in the US which raises many serious questions. And don't miss the critically important information provided in our Elections Information Center.
"My daughter, who had been completely normal until getting nine vaccinations in one day, was suddenly no longer there," said Terry Poling, mother of 9-year-old Hannah. Hannah Poling appeared to be like many children. At 19 months, her pediatrician noted she was "alert and active" and "spoke well." At that same visit, she got five shots - nine doses of vaccines. She almost immediately developed fever, seizures and severe health problems. Eight years later, the government has quietly conceded that vaccines aggravated a cell disorder nobody knew Hannah had, leaving her with permanent brain damage and autistic-like symptoms. Rep. Dave Weldon, R-Fla., is also a doctor. Weldon has long been pushing the government to aggressively work to develop ways to screen for children who might be the most susceptible to ill effects from vaccines. The government has been telling the public for more than a decade that there's absolutely no reason to be concerned about any link. "I wouldn't recommend they say something like that in light of the Poling case and the admission on the part of the government," Weldon said. A CBS News investigation uncovered at least nine other cases as far back as 1990, where records show the court ordered the government compensated families whose children developed autism or autistic-like symptoms in children including toddlers who had been called "very smart" and "impressed" doctors with their "intelligence and curiosity" ... until their vaccinations.
Note: For more along these lines, see concise summaries of deeply revealing news articles on vaccines from reliable major media sources.
The elephant in the room is extreme income inequality. How big is this elephant? A staggering $50 trillion. That is how much the upward redistribution of income has cost American workers over the past several decades ... according to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation. Had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the aggregate annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP - enough to more than double median income - enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Price and Edwards calculate that the cumulative tab for our four-decade-long experiment in radical inequality had grown to over $47 trillion from 1975 through 2018. As a result, the top 1 percent’s share of total taxable income has more than doubled, from 9 percent in 1975, to 22 percent in 2018, while the bottom 90 percent have seen their income share fall, from 67 percent to 50 percent. This represents a direct transfer of income ... from the vast majority of working Americans to a handful at the very top. A 2014 report from the OECD estimated that rising income inequality knocked as much 9 points off U.S. GDP growth over the previous two decades.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
It was a faustian bargain—and it certainly made editors at National Public Radio squirm. The deal was this: NPR, along with a select group of media outlets, would get a briefing about an upcoming announcement by the U.S. Food and Drug Administration a day before anyone else. But in exchange for the scoop, NPR would have to abandon its reportorial independence. The FDA would dictate whom NPR's reporter could and couldn't interview. “My editors are uncomfortable with the condition that we cannot seek reaction,” NPR reporter Rob Stein wrote back to the government officials offering the deal. Stein asked for a little bit of leeway to do some independent reporting but was turned down flat. Take the deal or leave it. NPR took the deal – along with reporters from more than a dozen other top-tier media organizations, including CBS, NBC, CNN, the Washington Post, the Wall Street Journal and the New York Times. This kind of deal offered by the FDA - known as a close-hold embargo - is an increasingly important tool used by scientific and government agencies to control the behavior of the science press. By using close-hold embargoes and other methods, the FDA, like other sources of scientific information, are gaining control of journalists who are supposed to keep an eye on those institutions. The watchdogs are being turned into lapdogs. It is hard to tell when a close-hold embargo is afoot because, by its very nature, it is a secret.
Note: And to see how the media is censored by big money and a corrupt judicial system, watch this incredible video of two crack reporters who had their major investigation into a public health threat shut down. For more along these lines, see concise summaries of deeply revealing news articles about corruption in science and the manipulation of public perception.
A new study digs into the reasons people are wrongly convicted, and it has found that 54 percent of those defendants are victimized by official misconduct, with police involved in 34 percent of cases, prosecutors in 30 percent, and some cases involving both police and prosecutors. The study by the National Registry of Exonerations reviewed 2,400 exonerations it has logged between 1989 and 2019, nearly 80 percent of which were for violent felonies. Of the 2,400, 93 innocent defendants were sentenced to death and later cleared before they were executed. The study also found that police and prosecutors are rarely disciplined for actions that lead to a wrongful conviction. Researchers found that 4 percent of prosecutors involved in those convictions were disciplined, but the penalties were “comparatively mild” and only three were disbarred. Police officers were disciplined in 19 percent of cases leading to wrongful convictions, and in 80 percent of those cases officers were convicted of crimes, such as Chicago police Sgt. Ronald Watts, who led a group of officers who planted drug or gun evidence leading to 66 false convictions. The 2,400 cases are far from a comprehensive count, since there is no centralized national database of criminal cases at the state and local levels. So an estimate of how often wrongful convictions occur, as a percentage of overall cases, is not possible. The study acknowledges there are other areas to examine, including quantifying ineffective assistance by defense attorneys.
For more than half a century, governments all over the world trusted a single company to keep the communications of their spies, soldiers and diplomats secret. The company, Crypto AG ... made millions of dollars selling equipment to more than 120 countries well into the 21st century. Its clients included Iran, military juntas in Latin America, nuclear rivals India and Pakistan, and even the Vatican. But what none of its customers ever knew was that Crypto AG was secretly owned by the CIA in a highly classified partnership with West German intelligence. These spy agencies rigged the company’s devices so they could easily break the codes that countries used to send encrypted messages. The decades-long arrangement, among the most closely guarded secrets of the Cold War, is laid bare in a classified, comprehensive CIA history of the operation obtained by The Washington Post and ZDF, a German public broadcaster, in a joint reporting project. The company always made at least two versions of its products — secure models that would be sold to friendly governments, and rigged systems for the rest of the world. Throughout the 1980s, the list of Crypto’s leading clients read like a catalogue of global trouble spots. In 1981, Saudi Arabia was Crypto’s biggest customer, followed by Iran, Italy, Indonesia, Iraq, Libya, Jordan and South Korea. To protect its market position, Crypto and its secret owners engaged in subtle smear campaigns against rival companies ... and plied government officials with bribes.
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
For anyone familiar with Bureau of Prisons [BOP] standard operating procedures, Jeffrey Epstein’s apparent suicide is more than mysterious; it is unfathomable. The 66-year-old accused sex trafficker was found dead in his prison cell at the Metropolitan Correction Center (MCC) Saturday morning, apparently after having hanged himself. The Bureau of Prisons, the federal agency that runs the MCC, has said the FBI will investigate. It had better. Epstein’s death almost certainly means that astounding blunders occurred, perhaps by multiple personnel. If any prisoner in the federal system should have been a candidate for suspicion of suicide, it was the high-profile and disgraced Epstein. All administrative and structural measures should have been in place to ensure it could not happen. And yet it apparently did. Epstein was found last month unconscious in his MCC cell with marks on his neck. If he was not on suicide watch, it would be astonishing. Yet if he were on suicide watch, his death would be virtually inconceivable. BOP personnel, especially at MCC, are the best professionals in the corrections industry, and they receive special training in administrating suicide prevention. How exactly did Epstein manage to kill himself, and why exactly was it that he had access to the tools? Is there a video of Epstein’s cell at the crucial time? There should be, and it will reveal exactly how and when Epstein killed himself. And none of this begins to address the royal mess it leaves in the efforts to take stock of Epstein’s crimes and their prior slap-on-the-wrist treatment, nor the shambles in which it leaves Epstein’s victims.
Note: See also this New York Times article on this highly suspicious death. There are many reasons why those in power who have close ties to Epstein would want him dead. It looks like he was "suicided" as so many others have been who threatened the power structure of our world. For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein from reliable major media sources. Then explore the excellent, reliable resources provided in our Mind Control Information Center.
Warren D. Ward, 48, was in high school when the swine flu threat of 1976 swept the U.S. A relative died in the 1918 flu pandemic, and the 1976 illness was feared to be a direct descendant of the deadly virus. “The government wanted everyone to get vaccinated,” Ward said. “But the epidemic never really broke out. It was a threat that never materialized.” The episode began in February 1976, when an Army recruit at Ft. Dix, N.J., fell ill and died from a swine flu virus thought to be similar to the 1918 strain. Several other soldiers at the base also became ill. The CDC ... called on President Ford and Congress to begin a mass inoculation. The $137-million program began in early October, but within days reports emerged that the vaccine appeared to increase the risk for Guillain-Barre syndrome, a rare neurological condition that causes temporary paralysis but can be fatal. More than 40 million Americans ... received the swine flu vaccine before the program was halted in December after 10 weeks. More than 500 people are thought to have developed Guillain-Barre syndrome after receiving the vaccine; 25 died. Only about 200 cases of swine flu and one death were ultimately reported. No one completely understands the causes of Guillain-Barre, but the condition can develop after a bout with infection or following surgery or vaccination. The federal government paid millions in damages. The pandemic, which some experts estimated at the time could infect 50 million to 60 million Americans, never unfolded.
Note: For more along these lines, see concise summaries of deeply revealing news articles on vaccines from reliable major media sources.
Last year, the National Institute for Allergy and Infectious Diseases, the organization led by Dr. Fauci, funded scientists at the Wuhan Institute of Virology and other institutions for work on gain-of-function research on bat coronaviruses. Many scientists have criticized gain of function research, which involves manipulating viruses in the lab to explore their potential for infecting humans, because it creates a risk of starting a pandemic from accidental release. The work entailed risks that worried even seasoned researchers. More than 200 scientists called for the work to be halted. Dr. Fauci played an important role in promoting the work. In 2019, with the backing of NIAID, the National Institutes of Health committed $3.7 million over six years for research that included some gain-of-function work. The program followed another $3.7 million, 5-year project for collecting and studying bat coronaviruses ... bringing the total to $7.4 million. [One] phase of the project [included] gain-of-function research for the purpose of understanding how bat coronaviruses could mutate to attack humans. According to Richard Ebright, an infectious disease expert at Rutgers University, the project ... would enhance the ability of bat coronavirus to infect human cells and laboratory animals using techniques of genetic engineering. SARS-CoV-2, the virus now causing a global pandemic, is believed to have originated in bats. U.S. intelligence, after originally asserting that the coronavirus had occurred naturally, conceded last month that the pandemic may have originated in a leak from the Wuhan lab.
Note: Newsweek reported that in 2017, Anthony Fauci predicted a "surprise outbreak" during Trump's presidency. How could he have known this? This Washington Post article has the title "State Department cables warned of safety issues at Wuhan lab studying bat coronaviruses." For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus pandemic from reliable major media sources.
This year the District of Columbia joins at least five states and dozens of cities and counties in replacing Columbus Day with Indigenous Peoples’ Day. It’s part of a decades-long reckoning with the sanitized version of the European colonization of the Americas. In Hispaniola — what is now Haiti and the Dominican Republic — Columbus ... and his crew searched and searched for gold to no avail, so they filled their ships with something else they could sell: people. Of the 500 Taíno they took — selected because they were the strongest and healthiest specimens — 200 died on the voyage to Spain. Many more died once they had been sold into slavery. Columbus’s men also continued to sexually abuse Taíno women and girls. In 1500, Columbus wrote to an acquaintance that “there are many dealers who go about looking for girls; those from nine to 10 are now in demand.” As the population plummeted, they abducted indigenous people from other islands, like the Lucayan, to work the fields and mines of Hispaniola. Across the Caribbean ... the Spanish were responsible for the deaths of 12 to 15 million indigenous people. Historians usually attribute most of the deaths to the spread of diseases for which native people had no immunity, but recently historian Andrés Reséndez has pushed back against this, arguing that populations were lower than previous estimated, and “a nexus of slavery, overwork and famine killed more Indians in the Caribbean than smallpox, influenza and malaria.”
Note: For more along these lines, see concise summaries of deeply revealing news articles on history from reliable major media sources.
Since the Reagan administration, Republicans have fervently claimed lower taxes will unleash the "makers" — incentivizing them to work harder and invest more, thereby trickling down to benefit ordinary Americans. Moreover, they have consistently claimed that their tax cuts would create such dramatic economic growth that they’d literally pay for themselves. Instead, the national debt is at a record high, and the gap between the richest and the poorest U.S. households is now the largest it has been in the 52 years the Census Bureau has been tracking it. And that inequality gap started to expand dramatically about the same time the Republican Party started cutting taxes. The American economy since 1950 offers a chance to consider the impact of these tax cuts. From 1950 to 1980, the top federal marginal tax rates ... were as high as 92% and never below 70%. Republicans have been slashing the top tax bracket for annual earned income since the early 1980s, and it is now 37%. Further, in 2003 the GOP shrank the tax rate on unearned income (such as dividends) to 15%, resulting (for example) in the billionaire Warren Buffett having a lower tax rate than his secretary. With such dramatic tax cuts, GOP dogma predicted a booming U.S. economy. But it turns out U.S. economic growth was substantially higher during the period of high taxes. From 1950 to 1980, average annual growth in real (inflation-adjusted gross domestic product) was 3.9%, while from 1981 to 2018 the comparable number was 2.7%.
No single person has come to more represent the big questions about drug safety that emerged following the withdrawal of Merck's painkiller Vioxx than the Food and Drug Administration's David Graham. And now that a Texas jury has awarded the widow of one Vioxx patient $253 million, Graham, who works in the FDA's Office of Drug Safety, is more critical than ever. Of the drug, and his employer, for whom he doesn't speak. "If the judgment is that there's blood on Merck's hands," Graham says, "there's blood on the FDA's hands as well." Graham has estimated that Vioxx killed some 60,000 patients - as many people, he points out, as died in the Vietnam War. He says that fundamental problems at the FDA led to those deaths. "People should turn to Congress and demand a drug safety system that is free from corporate influence - and a distinct center for drug safety." In Graham's eyes, the problem at the FDA is that the same scientists who approve drugs are the ones charged with deciding whether or not they are safe enough to remain on the market when problems crop up. Graham says that he thinks there should be formal, periodic reviews of the safety of new medicines - and that the FDA should release documents that explain its reasoning. "The FDA does not think anything it did is a mistake," he says. "[Yet] none of its decisions are evidence-based." "Today Merck was on trial, and a judgment was rendered," he says. "But when will the public hold the FDA accountable for its role, its complicity, in this catastrophe?"
Note: Learn how Merck blatantly altered the death numbers in their drug trials in this Seattle Times article. This article persuasively argues the actual death numbers were around 500,000. WTK founder Fred Burks had a shocking encounter where he learned about intense corruption at the FDA. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.
With evidence mounting that the coronavirus might have escaped from the Wuhan Institute of Virology, President Biden has reversed course and ordered the U.S. intelligence community to produce a report on the virus's origins within 90 days. Better late than never. For the past year, the media has scorned the idea of an accidental lab release as a far-flung conspiracy theory. In fact, it would have been an extraordinary coincidence for this virus to emerge in Wuhan – home to China's leading research laboratory studying bat coronaviruses – and have had no connection to the lab. Since April 2020 we have known that in 2018 U.S. diplomats warned of inadequate safety at the Wuhan lab. It turns out that [Anthony] Fauci's National Institute of Allergy and Infectious Diseases (NIAID) ... awarded a grant for studying bat coronavirus to the U.S.-based EcoHealth Alliance, which then subcontracted the research to the Wuhan lab. Fauci admits this, but insists that the money did not support gain of function research. But as Wade points out, that is exactly what the Wuhan institute was doing. Indeed, the grant proposals from Shi Zhengli – the "Bat Woman" at the Wuhan lab – which are a matter of public record specified that she planned to use the money for gain-of-function research. Fauci is on record supporting such research. And the NIAID was supporting research in Wuhan even though the U.S. government had placed a moratorium on gain of function research.
Note: Read more about the Wuhan Institute of Virology's risky research on bat coronaviruses. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Sweden's novel approach to tackling the coronavirus pandemic has drawn both praise and fierce criticism, not just inside the Scandinavian country, but across the Western world. The country has so far resisted going into lockdown, unlike the rest of Europe, even during the peak of its second wave over Christmas. Sweden may be faring comparably better in terms of excess deaths - those greater than the usual number of deaths expected in a certain time period. Experts say excess deaths can indicate whether policies intended to combat the pandemic have unintended consequences, such as delaying treatment for other ailments and is an important measure of the overall efficacy of policy. While still performing worse than other Nordic countries on data from Eurostat, the official European Union statistics agency, and the University of Oxford, shows that Sweden recorded 7.9% excess deaths last year compared to the years 2016-19, according to the independent health news site Dagens Medicin. That means that the country had the 23rd lowest annual excess deaths out of 30 European countries - lower than the U.K. (15.1%), France (10.4%) and Spain (18.9%). Sweden also has a lower number of coronavirus deaths per million than those countries, all of which have gone under strict lockdowns during the pandemic.
Note: The media has consistently compared Sweden to its immediate neighbors Finland and Norway, which have done much better than Sweden, but were not hit hard in the beginning as Sweden was. With the exception of this a a very few other articles, they almost always fail to compare Sweden to other European countries, as they don't won't people to know how well they have done with no lockdown. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
A COVID-19 envoy appointed by Director-General of the World Health Organisation (WHO) Dr Tedros Adhanom Ghebreyesus has appealed to world leaders to stop resorting to lockdown to control the pandemic. Dr David Nabarro, who has spent his career working for the WHO and the United Nations (UN), seems to have marked a departure from the global health body's early stance on the COVID-19 pandemic, warning about the economic and social consequences of lockdown as a means of controlling the spread of the disease. On Sunday, Dr Nabarro appealed to world leaders to stop "using lockdowns as your primary control method", insisting that such drastic measures can have a dire impact on global poverty rates. The British doctor stated: "We in the World Health Organisation do not advocate lockdowns as the primary means of control of this virus. The only time we believe a lockdown is justified is to buy you time to reorganise, regroup, rebalance your resources, protect your health workers who are exhausted, but by and large, we'd rather not do it." Dr Nabarro went on to say that developing economies had been indirectly affected by lockdown measures, adding: "Look what's happened to smallholder farmers all over the world -- look what's happening to poverty levels. "It seems that we may well have a doubling of world poverty by next year. We may well have at least a doubling of child malnutrition. Lockdowns just have one consequence that you must never ever belittle, and that is making poor people an awful lot poorer."
More than two decades ago, police in Shreveport, La. stopped Fair Wayne Bryant on the side of the road for allegedly stealing a pair of hedge clippers. His vehicle looked like one that had been used in a recent home burglary, they told the black 38-year-old moments before arresting him. Bryant insisted the clippers police found in the van belonged to his wife, but he did make a confession to the officers: After his vehicle had broken down ... he had entered a carport in search of a tank of gas. That disclosure would eventually land Bryant life in prison. Last week, the Louisiana Supreme Court denied a request from Bryant to hear a review of his life sentence. Six of the seven justices backed the decision. The lone Black judge on the bench was the only one to disagree. In a searing dissent, Chief Justice Bernette Johnson said Bryant’s sentence was only due to Louisiana’s harsh habitual offender laws. “Mr. Bryant has already spent nearly 23 years in prison and is now over 60 years old,” she wrote. “If he lives another 20 years, Louisiana taxpayers will have paid almost one million dollars to punish Mr. Bryant for his failed effort to steal a set of hedge clippers.” The decision from the state supreme court gives Bryant few, if any, options for recourse to leave Louisiana State Penitentiary at Angola ... which is also the site of a former slave plantation. In her dissent, Johnson — the court’s first Black chief justice — drew a straight line from slavery to the laws that she said enabled Louisiana prosecutors to send Bryant to Angola for the rest of his life.
Note: For more along these lines, see concise summaries of deeply revealing news articles on judicial system corruption from reliable major media sources.
All around the world, the coronavirus and its restrictions are pushing already hungry communities over the edge, cutting off meager farms from markets and isolating villages from food and medical aid. Virus-linked hunger is leading to the deaths of 10,000 more children a month over the first year of the pandemic, according to an urgent call to action from the United Nations shared with The Associated Press ahead of its publication in the Lancet medical journal. Further, more than 550,000 additional children each month are being struck by what is called wasting, according to the U.N. – malnutrition that manifests in spindly limbs and distended bellies. Over a year, that's up 6.7 million from last year's total of 47 million. Wasting and stunting can permanently damage children physically and mentally, transforming individual tragedies into a generational catastrophe. From Latin America to South Asia to sub-Saharan Africa, more families than ever are staring down a future without enough food. The analysis published Monday found about 128,000 more young children will die over the first 12 months of the virus. In April, World Food Program head David Beasley warned that the coronavirus economy would cause global famines "of biblical proportions" this year.
Note: Meanwhile, as the Washington Post reported on Jan. 1, 2021, "billionaires as a class have added about $1 trillion to their total net worth since the pandemic began." For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and income inequality from reliable major media sources.
As a kid growing up in 1960s Chicago, Daryl Davis was shocked when his parents explained that White children were throwing rocks at him during a Cub Scouts parade because he was Black. This ... left a burning question in Davis’ mind: “How can you hate me if you do not know me?” A blues pianist, whose energetic style led him to perform with the likes of Chuck Berry, B.B. King, and Jerry Lee Lewis, Davis would commit his life to seeking out answers to that question, often with his music and his Christian faith as equalizers. But a performance ... in 1983 would leave its mark. He had been approached, after a set, by a member of the audience who told him he had never seen a Black man who could play like Jerry Lee Lewis. That began a conversation that would reveal a surprising truth: The man making the comment was a member of the Ku Klux Klan. This revelation sparked the beginning of a 30-year journey that for Davis involved sitting down with members of the Klan and other White supremacists, attending their rallies and cross burnings—all in a search for answers. By tackling prejudices head-on, Davis believes he succeeded in persuading more than 200 KKK members and other white supremacists to disavow their allegiances. Many became friends, including Scott Shepherd, a former Grand Dragon of the KKK in Tennessee. The two regularly travel together to help shine a light on white supremacy and address the spread of racism through dialogue and education.
Note: Davis' work reforming white supremacists is the subject of an inspiring new documentary. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The coronavirus pandemic and corresponding lockdown made way for "one of the greatest wealth transfers in history," CNBC's Jim Cramer said. The stock market is rising as big business rebounds from state-ordered stoppage of nonessential activity, while small businesses drop like flies. Despite the ongoing economic woes, the S&P index of 500 large-cap companies, which is considered a benchmark for the stock market, is within striking distance of its levels from the start of the trading year. Since bottoming near 2,191 in March, the index is up about 42%. The tech-heavy Nasdaq 100 has recovered all of its losses from the coronavirus meltdown and set a new high. Many investors are betting on a V-shaped economic recovery, Cramer said. "I think we're looking at a V-shaped recovery in the stock market, and that has almost nothing to do with a V-shaped recovery in the economy," he said. Chapter 11 bankruptcies in May ballooned by 48% compared to a year ago. "That's that pesky real world asserting itself, but the only big bankruptcy we've seen in the stock market is Hertz," Cramer said. Cramer said it still only scratches the surface of what impact the halt in global economic activity will have on the country.
Note: This report is from June 2020, early in the pandemic. How many more bankruptcies occurred after that? This astoundingly blunt 10-minute interview from 2006 by the Street's James Altucher of CNBC's Jim Cramer telling his secrets is amazingly revealing. A Harvard-educated former hedge fund manager, Cramer shows just how depraved and heartless some stock market trading is and how corrupt hedge funds traders are in particular. For more, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
We have detonated the global economy to pursue a lockdown experiment that may not have worked, according to the latest evidence. World-class studies that suggest lockdown did not alter the pandemic's course are mysteriously vanishing into internet obscurity on first contact with the official narrative. This is a scandal so overwhelming that there is only one good place to start: the evidence as it stands. In accordance with pro-lockdown theory, if stay at home orders worked, you might have expected to see daily deaths spike 3-4 weeks after such measures were implemented. But, in Britain, infections may have peaked a week before lockdown, according to Prof Carl Heneghan of Oxford University, with daily deaths in hospitals plateauing a fortnight after it was introduced. We are not an anomaly: peak dates across Europe also seem to confound the official theory. Don't just take my word for it. A University of the East Anglia study posits that Europe's "stay-at-home policies" were not effective. A JP Morgan investigation suggests the virus "likely has its own dynamics" which are "unrelated to often inconsistent lockdown measures". Nobel prize-winning bio-physicist Michael Levitt ... has claimed, sensationally, that the modelling that justified lockdown made the fatally incorrect assumption that Covid-19's spread is continuously exponential.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Important Note: Explore our full index to revealing excerpts of key 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.