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The death rate from cancer in the United States saw the largest ever single-year decline between 2016 and 2017 since rates began declining in 1992, according to a new report from the American Cancer Society. [A] deceleration in lung cancer deaths spurred an overall drop in cancer mortality of 2.2% from 2016 to 2017, according to the report. Lung cancer is the leading cause of death from cancer in the United States, accounting for about 27% of all cancer deaths more than breast, prostate, colorectal, and brain cancers combined. Lung cancer is also the most common cause of death due to cancer among men age 40 and older and women age 60 and older. The decline in mortality from melanoma, the deadliest type of skin cancer, was also dramatic. Dr. William Cance, chief medical and scientific officer for the American Cancer Society, attributed [decreased] mortality from lung cancer and melanoma to treatment advances made in the past 10 years. "They are a profound reminder of how rapidly this area of research is expanding, and now leading to real hope for cancer patients," Cance said. As of 2017, cancer deaths have dropped 29% from 1992 numbers meaning an estimated 2,902,200 fewer cancer deaths, according to the ACS report. "This steady progress is largely due to reductions in smoking and subsequent declines in lung cancer mortality, which have accelerated in recent years," reads the report.
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The Senate will be voting this week on the Trump military budget, which calls for a massive increase in defense spending. I strongly oppose this legislation. At a time when we have massive levels of income and wealth inequality; when half of our people are living paycheck to paycheck; when more than 500,000 Americans are homeless; and when public schools throughout the country are struggling to pay their teachers a livable salary, it is time to change our national priorities. I find it ironic that when I and other progressive members of Congress propose legislation to address the many unmet needs of workers, the elderly, the children, the sick and the poor, we are invariably asked, How will we pay for it? Yet we rarely hear that question with regard to huge increases in military spending, tax breaks for billionaires or massive subsidies for the fossil fuel industry. When it comes to giving the Pentagon $738 billion even more money than it requested there is a deafening silence within Congress and the ruling elites about what our nation can and cannot afford. When I talk about changing national priorities, Im talking about the fact that the $120 billion increase in Pentagon spending compared with the final year of the Obama administration could have made every public college, university, trade school and apprenticeship program in the United States tuition free, eliminated homelessness and provided universal school meals to every kid in our nations public schools.
Note: The above article was written by Bernie Sanders. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality from reliable major media sources.
Jada Renee Louis of Newport News, Virginia, died on 22 June 2019 about a week after requiring emergency hospital care for diabetic ketoacidosis, a serious complication caused by a lack of insulin, and a foot ulcer. She was 24. A type 1 diabetic, Louis, who did not have health insurance coverage, couldnt afford the cost of her insulin doses and pay her rent. She chose to skip doses in order to pay her rent. Today a vial of insulin which will last 28 days once opened costs about $300 in the US. People are literally dying over $300 like my sister did. People shouldnt have to choose between medications or shelter. Thats the most outrageous decision for somebody to have to make, yet people are doing it daily, Jazmine Baldwin, Louiss sister, [said]. Price gouging of insulin and other barriers to accessing it are symptomatic of Americas broken healthcare system, diabetes advocates argue, and the resulting deaths and struggles of those with diabetes demonstrate the need for systemic reforms. Between 2012 to 2016, the average cost of insulin in the United States nearly doubled to $5,705 per year for individuals with type 1 diabetes. Production costs for a vial of insulin are estimated to cost around $5 while pharmaceutical companies charge as high as $540 per vial and Americans are dying as a result of being unable to afford it in addition to the expensive costs of medical care, and supplies such as syringes and glucose monitors. Some 1.25 million Americans are currently diagnosed with type 1 diabetes.
Note: For more along these lines, see concise summaries of deeply revealing news articles on pharmaceutical industry corruption from reliable major media sources.
Candace Leslie was leaving church when she got the call she will never forget. Someone shot Leslie's son four times. Police recovered at least one gun. It was a Glock pistol. Unbeknownst to investigators at the time, the gun once served as a law enforcement duty weapon, carried by a sheriff's deputy more than 2,000 miles away in California. According to data from the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Glock was one of at least 52,529 police guns that have turned up at crime scenes since 2006, the earliest year provided. While that tally includes guns lost by or stolen from police, many of the firearms were released back into the market by the very law enforcement agencies sworn to protect the public. Law enforcement resold guns to firearms dealers for discounts on new equipment and, in some cases, directly to their own officers, records show. Some of the guns were later involved in shootings, domestic violence incidents, and other violent crimes. Reporters surveyed state and local law enforcement agencies and found that at least 145 of them had resold guns on at least one occasion between 2006 and 2024. That's about 90 percent of the more than 160 agencies that responded. Records from 67 agencies showed they had collectively resold more than 87,000 firearms over the past two decades. That figure is likely a significant undercount, however, because many agencies' records were incomplete or heavily redacted.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
People who live in societies with wide gaps between the wealthy and everyone else turn out to live briefer lives than people who call more equal societies home. People who live in more equal societies, meanwhile, tend to live happier lives than their unequal-society counterparts. They face less crime. Their economies crash less often. Recent studies from Northwestern’s Maryam Kouchaki and her colleagues ... have been illuminating how unequal distributions of income and wealth are serving to increase “the acceptability of self-interested unethical behaviors.” The bottom line: People who live in highly unequal societies feel “a lower sense of control” and look less askance at unethical behaviors, either from others or from themselves, than do people who live in distinctly more equal societies. “Overall,” Kouchaki and her colleagues conclude, “our results suggest inequality changes ethical standards.” Other recent psychological research has come to the same core conclusion. “When are people more open to cheating?” asked the Canadian researchers Anita Schmalor, Adrian Schroeder, and Steven Heine in a paper published earlier this year. “Economic inequality makes people expect more everyday unethical behavior.” The longer we let inequality define our contemporary daily lives, this new research helps us understand, the more the unethical behavior all around us will seem to reflect just the way our world naturally works. Economic inequality, in effect, normalizes unethical behavior.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality and mental health from reliable major media sources.
Unidentified flying objects (UFOs) have caused so much concern in recent years that even Nasa launched a lengthy probe to find out what they were. Now some experts believe the hunt should move from the skies to the sea. The former head of the US National Oceanic and Atmospheric Administration (NOAA) is launching a probe into unidentified submersible objects (USOs) and, in particular, a strange anomaly seen on the seabed off the coast of California. Timothy Gallaudet, a former rear admiral in the US Navy, has spent the past 18 months interviewing dozens of sailors, submariners, military personnel and members of the US Coastguard, all who say they have seen unidentified craft in the water. One incident was filmed by the USS Omaha off the coast of San Diego in southern California in 2019, when a dark-shaped object was seen moving quickly before splashing down into the water. In the renowned Tic Tac incident in 2004, US Navy pilots described an oblong craft shaped like the sweet hovering just above the water off the California coast. Sonar has revealed an unusual trench on the seafloor as if an object has crashed into a ridge and then skidded to a halt. Mr Gallaudet believes that evidence for USOs may be present in the US Navy’s acoustic data, but it is currently classified. This week Mr Gallaudet launched a report into the phenomenon alongside the Sol Foundation, a group of academics, military and government officials committed to researching UFOs.
Note: Watch this intriguing leaked video taken by a Navy ship and this video of more strange UFO sightings by US Navy warships. 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.
Federal investigators have ordered Google to provide information on all viewers of select YouTube videos. In a just-unsealed case from Kentucky ... undercover cops sought to identify the individual behind the online moniker “elonmuskwhm,” who they suspect of buying bitcoin for cash. In conversations with the user in early January, undercover agents sent links of YouTube tutorials for mapping via drones and augmented reality software, then asked Google for information on who had viewed the videos, which collectively have been watched over 30,000 times. The court orders show the government telling Google to provide the names, addresses, telephone numbers and user activity for all Google account users who accessed the YouTube videos between January 1 and January 8, 2023. The government also wanted the IP addresses of non-Google account owners who viewed the videos. The cops argued, “There is reason to believe that these records would be relevant and material to an ongoing criminal investigation, including by providing identification information about the perpetrators.” The court granted the order and Google was told to keep the request secret. Privacy experts said the orders were unconstitutional because they threatened to undo protections in the 1st and 4th Amendments covering free speech and freedom from unreasonable searches. Albert Fox-Cahn, executive director at the Surveillance Technology Oversight Project [says that] “no one should fear a knock at the door from police simply because of what the YouTube algorithm serves up. I’m horrified that the courts are allowing this.”
Note: The article refers to federal investigators and to undercover cops, but it doesn't specify who was actually doing the investigating. What agency or agencies were involved in these secret operations? For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the disappearance of privacy from reliable major media sources.
COVID-19 may have been created in a Chinese lab, a British professor told the UN Wednesday. Richard H. Ebright, a molecular biologist at Rutgers University, was quoted saying in a new Wall Street Journal article that the virus that killed millions around the world may actually have been manmade in China’s Wuhan Institute of Virology. He cited evidence found in a 2018 document from the lab that talked of making such a virus. “[The document] elevates the evidence provided by the genome sequence from the level of noteworthy to the level of a smoking gun,” Ebright said. The papers from the lab cited by Ebright contained drafts and notes regarding a grant proposal called Project DEFUSE, which sought to test engineering bat coronaviruses in a way that would make them more easily transmissible to humans. The proposal was ultimately rejected and denied funding by the US Defense Advanced Research Projects Agency, but Wade suggested that their work could have been carried out by researchers in Wuhan who had secured Chinese government funding. “Viruses made according to the DEFUSE protocol could have been available by the time Covid-19 broke out,” wrote [Nicholas] Wade, a former science editor of the New York Times. Along with the research notes, Wade claimed the specific genetic structure of the coronavirus that allowed it to infect humans served as another strong indication of “the virus’s laboratory birth.”
Note: Explore a list of news article summaries on the significant likelihood that COVID was engineered in the context of bioweapons research with US funding and Chinese military involvement at the Wuhan Institute of Virology.
As Army pain doctor Maj. Michael Stockin prepares to be arraigned Friday on charges that he sexually abused dozens of patients at Madigan Army Medical Center, near Tacoma, Washington, two of those former patients described to CBS News what they say was conduct that betrayed their trust. "Myself and Dr. Stockin were left alone in the room. He first checked my shoulders and then he asked me to stand up and to pull down my pants and lift up my gown," said one of the soldiers, who had consulted the Army physician for shoulder pain. "Dr. Stockin, he was face level with my groin, and he started touching my genitals." Both men, now retired after more than 20 years in the Army including three combat tours each, spoke exclusively to CBS News, describing alleged misconduct hidden under the guise of medical care. They described visits to a doctor who was supposed to treat their pain, but they say instead inflicted even worse. The Army has charged Stockin with 48 counts of abusive sexual contact and five counts of indecent viewing under the military code of justice. The Army has confirmed that all of the 42 alleged victims who were treated at the clinic at Joint Base Lewis-McChord are men. The case is being prosecuted by the Army's Office of Special Trial Counsel (OSTC). Ryan Guilds, a civilian attorney representing seven of Stockin's accusers ... says he believes there could be hundreds of victims, making the scope of this case "historic."
Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse by healthcare providers from reliable major media sources.
A penguin has become a ‘guide-bird’ for a fellow African Penguin with poor eyesight, escorting her around their enclosure to get food and build confidence. The animal helper named ‘Penguin’ has bonded with ‘Squid’ the three-year-old that suffers from cataracts, a debilitating condition that clouds the lens of the eye. Squid is often disoriented during busy feeding times and relies on Penguin’s “unwavering calmness”. Penguin has become Squid’s beacon, guiding her around the enclosure and acting as her ‘eyes’. The hand-reared birds are now inseparable—to the delight of their human keepers at Birdworld who are sharing their remarkable relationship. “The intuitive behavior observed between Penguin and Squid has revealed a remarkable level of empathy and understanding, showcasing the profound connections that can form within the animal kingdom,” said Polly Branham a spokesperson for the aviary in Surrey, England. Having been nurtured within the colony, Squid honed her skills alongside her peers—learning the essence of being a penguin—but she used to be quite anxious about approaching the fish bucket at feeding time. “The excitement of the other penguins created a more unpredictable environment, and she would shy away from this for fear of getting caught in the crossfire of beaks,” explained Branham. “That is how Penguin has been such an enormous help to her. “His stability was something she could rely on.”
Note: Explore more positive stories like this in our comprehensive inspiring news articles archive focused on solutions and bridging divides.
The rich tapestry of life on Earth is fraying, due in large part to human-caused habitat loss and climate change. As more species disappear, researchers are racing to track this global decline in biodiversity to understand its consequences and counteract it through conservation initiatives. Those efforts rely on accurate animal monitoring, which can be difficult, time-consuming and costly. Now, in new research published in the journal iScience, researchers present evidence for a new low-cost, noninvasive tool that can be used to monitor animals: spiderwebs. They're using environmental DNA, or eDNA, which is simply different creatures' DNA just lying around in the environment. Previous work showed that webs are good sources of insect DNA, including what spiders are gorging on. But [evolutionary biologist Morton] Allentoft and [student Josh] Newton wanted to see whether the webs were also trapping DNA from vertebrate animals. So Newton ... collected spiderwebs. Back in the lab, Newton amplified the small amounts of DNA from the webs. They were filled with genetic material from animals. "It was wonderful," says Allentoft. "We could see these kangaroos [and] wallabies." There were nine other mammals, 13 species of birds, the motorbike frog and the snake-eyed skink. In other words, the technique worked. It represents a new way of tracking animal biodiversity and alerting us when we should intervene to conserve native species.
Note: Explore more positive stories like this in our comprehensive inspiring news articles archive focused on solutions and bridging divides.
The New Mexico attorney general, Raúl Torrez, who has launched legal action against Meta for child trafficking on its platforms, says he believes the social media company is the “largest marketplace for predators and paedophiles globally”. The lawsuit claims that Meta allows and fails to detect the trafficking of children and “enabled adults to find, message and groom minors, soliciting them to sell pictures or participate in pornographic videos”, concluding that “Meta’s conduct is not only unacceptable; it is unlawful”. Torrez says that he has been shocked by the findings of his team’s investigations into online child sexual exploitation on Meta’s platforms. Internal company documents obtained by the attorney general’s office as part of its investigation have also revealed that the company estimates about 100,000 children using Facebook and Instagram receive online sexual harassment each day. The idea of the lawsuit came to [Torrez] after reading media coverage of Meta’s role in child sexual exploitation, including a Guardian investigation that it was failing to report or detect the use of Facebook and Instagram for child trafficking. If it progresses, the New Mexico lawsuit is expected to take years to conclude. Torrez wants his lawsuit to provide a medium to usher in new regulations. “Fundamentally, we’re trying to get Meta to change how it does business and prioritise the safety of its users, particularly children.”
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and sexual abuse scandals from reliable major media sources.
After poking and prodding [Doyle] Hamm with needles for almost 3 hours, prison officials gave up as Mr. Hamm lay strapped to a gurney in a pool of blood. They called off the execution because they were unsuccessful in gaining IV access to administer the lethal injection. This was a risk Mr. Hamm’s attorney had predicted given Hamm’s advanced cancer and long history of IV drug use. At the time, ADOC Commissioner Jeff Dunn did not provide details to reporters about what happened. “I wouldn’t characterize what we had tonight as a problem,” Dunn said. Hamm’s attorney later released photos and examination notes showing that prison employees had punctured Hamm’s bladder and an artery causing him to urinate blood. The state ... privately agreed to never try to execute Doyle Hamm again. Counternarratives about death row can be found in the 2023 book titled Ghosts Over the Boiler: Voices from Alabama’s Death Row. The book is a collection of writings previously published by Project Hope to Abolish the Death Penalty, or PHADP, the nation’s only nonprofit formed on and operated from death row. The organization ... has a goal to educate the public about capital punishment and the features of inequality that define it, while advocating for an end to the death penalty. All of the featured writers have been convicted of murder, although based on the rate of death row exonerations, some are likely wrongly convicted.
Note: The current system often puts innocent people to death. Over half of all wrongful convictions are the result of government misconduct. For more along these lines, see concise summaries of deeply revealing news articles on prison system corruption from reliable major media sources.
Researchers have discovered bottled water sold in stores can contain 10 to 100 times more bits of plastic than previously estimated — nanoparticles so infinitesimally tiny they cannot be seen under a microscope. At 1,000th the average width of a human hair, nanoplastics are so teeny they can migrate through the tissues of the digestive tract or lungs into the bloodstream, distributing potentially harmful synthetic chemicals throughout the body and into cells. One liter of water — the equivalent of two standard-size bottled waters — contained an average of 240,000 plastic particles from seven types of plastics, of which 90% were identified as nanoplastics and the rest were microplastics. Microplastics are polymer fragments that can range from less than 0.2 inch (5 millimeters) down to 1/25,000th of an inch (1 micrometer). Anything smaller is a nanoplastic that must be measured in billionths of a meter. The new finding reinforces long-held expert advice to drink tap water from glass or stainless steel containers to reduce exposure. In the new study, published ... in the journal Proceedings of the National Academy of Sciences, researchers from Columbia University presented a new technology that can see, count and analyze the chemical structure of nanoparticles in bottled water. Nanoplastics ... can invade individual cells and tissues in major organs, potentially interrupting cellular processes and depositing endocrine-disrupting chemicals.
Note: For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
Court documents made public on Wednesday disclosed the names of dozens of powerful men with alleged connections to convicted sex-trafficker Jeffrey Epstein who died by suicide in 2019. Federal Judge Loretta Preska in Manhattan unsealed the documents, revealing the names of numerous individuals described in a 2015 civil lawsuit as associates, affiliates or victims of Epstein. The documents include references to former Presidents Bill Clinton and Donald Trump, the magician David Copperfield, Prince Andrew, former Israeli Prime Minister Ehud Barak, actor Kevin Spacey, lawyer Alan Dershowitz, the late New Mexico Gov. Bill Richardson and former Vice President Al Gore, among others. The fact that people were named in these documents doesn't mean any of them face allegations or evidence of wrongdoing. Federal prosecutors say Epstein — who worked for decades as a private financier for a secretive list of wealthy clients — also operated an underage sex-trafficking ring based in Manhattan and Palm Beach, Florida. Epstein allegedly developed a scheme to identify and exploit "dozens" of vulnerable girls and young women, some as young as 14 years old, beginning around 1994 and continuing at least until 2004. Some of his victims later claimed in civil lawsuits that Epstein instructed them to have sex with a who's-who of powerful men. Authorities in Florida first investigated Epstein for alleged sexual activity involving minors as early as 2005.
Note: For more along these lines, see concise summaries of news articles on Jeffrey Epstein's child sex ring from reliable major media sources.
The notorious and once portly defense contractor known as "Fat Leonard," who scammed the U.S. Navy out of millions of dollars for more than a decade, is being extradited to the U.S. as part of a prisoner swap deal with Venezuela, the White House announced. Leonard Glenn Francis, now 59, escaped from house arrest in San Diego in September 2022 after cutting off an ankle tracking bracelet shortly before a sentencing trial for his role behind one of the largest corruption scandals in the country's military history that ensnared more than two dozen U.S. Navy officials. But his life on the run was short lived. Francis was captured weeks later by authorities in Venezuela where he has remained in custody until now. In 2015 Francis pleaded guilty to plying more than 30 officials, including more than two dozen naval officers, with a slew of bribes to gain lucrative contracts for his Singapore-based company Glenn Defense Marine Asia Ltd. According to the Department of Justice, officers were lavished with a criminal potpourri of cash, prostitutes, parties and luxury travel and items such as "Cuban cigars, Kobe beef and Spanish suckling pig." Francis also admitted to overcharging the Pentagon for made up services. In all, the Department of Justice said he bilked the Navy out of $35 million, leading officials to call it "one of the most brazen bribery conspiracies in the U.S. Navy's history." In exchange, officers handed over classified and other sensitive material to Francis' company.
Note: This massive conspiracy at one point redirected an aircraft carrier. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
Many studies have shown that people living in greener neighborhoods have several health benefits, including lower levels of stress and cardiovascular disease. But new research indicates that exposure to parks, trees and other green spaces can slow the rates at which our cells age. The study, published in Science of the Total Environment, found that people who lived in neighborhoods with more green space had longer telomeres, which are associated with longer lives and slower ageing. Telomeres are structures that sit on the ends of each cell’s 46 chromosomes, like the plastic caps on shoelaces, and keep DNA from unraveling. The longer a cell’s telomeres, the more times it can replicate. When telomeres become so short that cells can’t divide, the cells die. [Study co-author Aaron] Hipp and his colleagues looked at the medical records (that included measures of telomere lengths from biological samples) and survey responses from more than 7,800 people who participated in a national Centers for Disease Control and Prevention survey conducted between 1999 and 2002. The researchers connected that information with census data to estimate the amount of green space in each person’s neighborhood. They found that a 5% increase in a neighborhood’s green space was associated with a 1% reduction in the ageing of cells. “The more green the area, the slower the cell ageing,” said Hipp.
Note: Explore more positive stories like this in our comprehensive inspiring news articles archive focused on solutions and bridging divides.
The recent findings of DNA fragments in the Pfizer and Moderna Covid-19 vaccines has led many to question why the FDA, which is responsible for monitoring the quality and safety of the vaccines, has failed to sound the alarm. For years, the FDA has known about the risk posed by residual DNA in vaccines. Its own guidance to industry states: “Residual DNA might be a risk to your final product because of oncogenic and/or infectivity potential. There are several potential mechanisms by which residual DNA could be oncogenic, including the integration and expression of encoded oncogenes or insertional mutagenesis following DNA integration.” Put simply ... fragments of DNA left over by the manufacturing process can be incorporated into a patient’s own DNA, to potentially cause cancer. A recent preprint paper ... analysed batches of the monovalent and bivalent mRNA vaccines. The authors found “the presence of billions to hundreds of billions of DNA molecules per dose in these vaccines. Using fluorometry all vaccines exceed the guidelines for residual DNA set by FDA and WHO.” For the Pfizer product, the higher the level of DNA fragments found in the vaccine, the higher the rate of serious adverse events. Pfizer’s vaccine used in the clinical trials (PROCESS 1) was manufactured differently to the vaccine that was injected into the wider population (PROCESS 2). This switch from PROCESS 1 to PROCESS 2 is what introduced the plasmid DNA impurities.
Note: Watch a fascinating interview with Dr. Ryan Cole, who discusses DNA contamination in the COVID vaccines and its concerning links to the rise in cancers and autoimmune diseases. Although you need a subscription to watch the full video, the full transcript is accessible. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and COVID vaccines from reliable major media sources.
Dutch sewage waste is being seen as a reliable heat source for millions of homes that the government wants to be unhooked from the country’s gas system by 2050. Lieven de Key, a housing corporation in Amsterdam, is planning what is believed to be the first sewer warmth project that will tap into a main district sewage pipe to warm 1,600 existing social and student homes. “We have a photo of the street covered with snow, and the manhole covers all without snow,” says Jeroen Rademaker, the project leader. “Even when there’s snow in the winter, the sewer is warm. Warm sewage water flows 24 hours a day and we should capture it. This can happen wherever there is a big sewage pipe.” “The warmth comes from showers, the toilet, wastewater from washing, from the dishwasher, from the washing machine,” says Postuma. “Together it all gives, throughout the year, a temperature between 15 and 18 degrees. And we are going to make a bypass around the main sewer, put a heat exchanger around it and bring it to the houses in insulated pipes. We place it in an electric heat pump, and the water is heated up to 60 or 70C – medium temperature.” The heat exchanger transfers that source heat from the drain to a working fluid that can be transported to the buildings without needing to circulate the actual sewage waste. Then the blocks’ heat pumps, fired by solar energy, can amplify that heat in the opposite way to the workings of a refrigerator.
Note: Explore more positive stories like this in our comprehensive inspiring news articles archive focused on solutions and bridging divides.
The United Nations has warned that there was “clear evidence” that war crimes may have been committed in “the explosion of violence in Israel and Gaza”. Meanwhile, Wall Street is hoping for an explosion in profits. During third-quarter earnings calls this month, analysts from Morgan Stanley and TD Bank took note of this potential profit-making escalation in conflict and asked unusually blunt questions about the financial benefit of the war between Israel and Hamas. TD Cowen’s Cai von Rumohr, managing director and senior research analyst specializing in the aerospace industry, [asked] about the upside for General Dynamics, an aerospace and weapons company in which TD Asset Management holds over $16m in stock. The aerospace and weapons sector ... enjoyed a 7-percentage point jump in value in the immediate aftermath of Hamas’s 7 October attack on Israel and the beginning of Israel’s bombardment of Gaza. “Hamas has created additional demand, we have this $106bn request from the president,” said Von Rumohr, during General Dynamics’ earnings call on 25 October. “Can you give us some general color in terms of areas where you think you could see incremental acceleration in demand?” Aside from the callousness of casually discussing the financial benefits of far-off armed conflict, the comments raise questions about whether these major institutional shareholders of weapons stocks are abiding by their own human rights policies.
Note: For more along these lines, see concise summaries of deeply revealing news articles on war and corporate corruption from reliable major media sources.
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