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The chairman of a House subcommittee is demanding that executives of Exxon Mobil Corp., Shell, Chevron and other major oil and gas companies testify before Congress about the industry's decades-long effort to wage disinformation campaigns around climate change. Representative Ro Khanna, Democrat of California, said Friday he was prepared to use subpoena power to compel the companies to appear before lawmakers if they don't do so voluntarily. The move comes a day after a secretive video recording was made public in which a senior Exxon lobbyist said the energy giant had fought climate science through "shadow groups" and had targeted influential senators in an effort to weaken President Biden's climate agenda. "The video was appalling," Mr. Khanna said in an interview on Friday. He called it the latest evidence of the fossil fuel industry's efforts to "engage in climate denialism and to manipulate public opinion and to exert undue influence in shaping policy in Congress." Mr. Khanna said the House Oversight and Reform Subcommittee on the Environment, which he chairs, will issue letters next week to top executives at Exxon Mobil, Shell, Chevron and other oil and gas companies and trade groups demanding documents and testimony. One major target of the panel's inquiry are dark money groups that have been funded by fossil fuel companies to disseminate falsehoods about climate science and policy solutions. The hearing is expected to be held in the fall.
Note: Learn more in this Washington Post article. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and climate change from reliable major media sources.
Tia Wimbush and Susan Ellis have been co-workers for a decade, and while they didn’t know each other well, they learned two years ago that their spouses each needed a kidney transplant. Then ... something remarkable happened. The women saw each other in a restroom at work and started chatting as they washed their hands. They had a lot in common, both working in information technology at Children’s Healthcare of Atlanta and dealing with the same medical stress at home. Neither was a match to be an organ donor for her own husband, and the transplant waiting lists are impossibly long. Wimbush casually asked Ellis what her husband’s blood type was. He’s type O, Ellis replied. Wimbush said her husband was type AB. The women paused for a moment and looked at each other. Then Wimbush realized they might have stumbled upon something that might help save both of their husbands’ lives. Wimbush thought she might be a match for Ellis’s husband, and — incredibly — she thought Ellis could be a match for her husband. Antibody tests revealed that each woman was an excellent match for the other’s spouse. So in March, seven months after that chance conversation, Wimbush donated one of her kidneys to Lance Ellis, 41, and Susan Ellis donated one of hers to Rodney Wimbush, 45. Both transplants done at Piedmont Atlanta Hospital went so well that the men have almost fully recovered and are going on weekend hikes with friends and family, Tia Wimbush said.
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The wealthiest Americans — including Warren Buffett, Elon Musk and Jeff Bezos — paid little in federal income taxes at times in recent years despite soaring fortunes, according to Internal Revenue Service data obtained by ProPublica. The information published Tuesday shows how billionaires are able to legally reduce their tax burden, highlighting how the American tax system can hit ordinary wage earners harder than the richest people in the country. That’s often because the richest Americans tend to have their wealth tied up in stocks and real estate, allowing them to avoid taxes on unrealized profits. The U.S. tax system focuses on income, not what is known as unrealized gains from unsold stocks, real estate or other assets. The records ... purport to show Buffett, head of Berkshire Hathaway, as having paid $23.7 million in federal income taxes on total income of $125 million from 2014 to 2018, which would indicate a personal income tax rate of 19 percent. ProPublica estimated that Buffett saw his wealth soar by $24.3 billion during that period and so his “true tax rate” was 0.10 percent. Musk, chief executive of Tesla, paid $455 million on $1.52 billion in income during the same period, when his wealth grew by $13.9 billion, accounting for a “true tax rate” of 3.27 percent. Bezos, chief executive of Amazon and the owner of The Washington Post, paid $973 million in taxes on $4.22 billion in income, as his wealth soared by $99 billion, resulting in a 0.98 percent “true tax rate.”
Note: Learn about important facts this article leaves out in this excellent piece. For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
I consider myself a lay historian. But for all my study, I never read a page of any school history book about how, in 1921, a mob of white people burned down a place called Black Wall Street, killed as many as 300 of its Black citizens and displaced thousands of Black Americans who lived in Tulsa, Okla. My experience was common: History was mostly written by white people about white people like me, while the history of Black people — including the horrors of Tulsa — was too often left out. Until relatively recently, the entertainment industry, which helps shape what is history and what is forgotten, did the same. That includes projects of mine. I knew about the attack on Fort Sumter, Custer’s last stand and Pearl Harbor but did not know of the Tulsa massacre until last year, thanks to an article in The New York Times. The truth about Tulsa, and the repeated violence by some white Americans against Black Americans, was systematically ignored. Our predominantly white schools didn’t teach it, our mass appeal works of historical fiction didn’t enlighten us, and my chosen industry didn’t take on the subject in films and shows until recently. It seems white educators and school administrators (if they even knew of the Tulsa massacre, for some surely did not) omitted the volatile subject for the sake of the status quo, placing white feelings over Black experience — literally Black lives in this case. Should our schools now teach the truth about Tulsa? Yes, and they should also stop the battle to whitewash curriculums.
Note: The above was written by renowned actor Tom Hanks. For more along these lines, see concise summaries of deeply revealing news articles on civil liberties from reliable major media sources.
Covid-19 vaccines have created at least nine new billionaires after shares in companies producing the shots soared. Topping the list of new billionaires are Moderna CEO St©phane Bancel and Ugur Sahin, the CEO of BioNTech, which has produced a vaccine with Pfizer. Both CEOs are now worth around $4 billion, according to an analysis by the People's Vaccine Alliance, a campaign group that includes Oxfam, UNAIDS, Global Justice Now and Amnesty International. Senior executives from China's CanSino Biologics and early investors in Moderna have also become billionaires on paper as shares skyrocketed. Moderna's share price has gained more than 700% since February 2020, while BioNTech has surged 600%. CanSino Biologics' stock is up about 440% over the same period. The company's single-dose Covid-19 vaccine was approved for use in China in February. Activists said the wealth generation highlighted the stark inequality that has resulted from the pandemic. The nine new billionaires are worth a combined $19.3 billion, enough to fully vaccinate some 780 million people in low-income countries. "These billionaires are the human face of the huge profits many pharmaceutical corporations are making from the monopoly they hold on these vaccines," Anne Marriott, Oxfam's health policy manager, said. "These vaccines were funded by public money and should be first and foremost a global public good, not a private profit opportunity," she added.
Note: You would hope that with all the suffering going on in our world, big Pharma wouldn't gouge and make huge profits on their vaccines. Sadly, this is far from the truth. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and the coronavirus vaccine from reliable major media sources.
A newly leaked Navy video appears to show an unidentified flying object disappearing into the water off California. The video was captured in July 2019 by Navy aircraft and recorded in the USS Omaha's Combat Information Center, according to the filmmaker, Jeremy Corbell. The clip appears to show a spherical object flying above the water for a few minutes near San Diego before it vanishes. "It splashed," military personnel can be heard saying in the video. The Defense Department confirmed that the clip was recorded by Navy personnel and said it will be reviewed by the Pentagon's Unidentified Aerial Phenomena Task Force, a panel established last year. The video was published a few days before "60 Minutes" aired an interview with two former Navy pilots who recalled having been dispatched to investigate "multiple anomalous aerial vehicles" that descended 80,000 feet in less than a second. Christopher Mellon, a top defense official in the Clinton and George W. Bush administrations, said in an interview that there was "a lot of continuity" between recent reports of unidentified objects and reports dating back decades. "What we're seeing are a number of distinct and different things," he said. "Sometimes we're seeing a 50-foot object that can travel at hypersonic speeds and seemingly go into orbit or come down from altitudes of potentially above 100,000 feet." Mellon said the stigma associated with reporting such phenomena has long kept witnesses quiet.
Note: To learn how this is likely a controlled rollout of UFO information, see our two-page summary of testimony by top government officials of their personal involvement in a UFO cover-up over many decades. See also 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.
When Bunny, TikTok's beloved talking Sheepadoodle, stared at herself in a mirror and asked "who this?" using her augmentative and alternative communication (AAC) device's buttons, many believed she was having an existential crisis. Since then, the Internet-famous dog has seemingly only become more interested in her own — dare we say — sense of self. The canine Bunny, who has 6.5 million followers on TikTok, is one of nearly 2,600 dogs and 300 cats enrolled in a project called "They Can Talk." The study's aim is to understand if animals can communicate with humans through AAC systems. AAC systems, such as Bunny's giant labeled buttons that speak a single word when pressed, were originally designed to help humans with communication disorders. Yet they have been adapted to be used in language experiments with animals, such as the study Bunny is enrolled in, which is led by Federico Rossano, director of the Comparative Cognition Lab at the University of California–San Diego. In Rossano's study, participants receive instructions on how to set up their AAC buttons for their pets; generally, pets begin with easy words like "outside" and "play." Pet parents set up cameras to constantly monitor the animals when they are in front of their boards, data which is sent to the lab so that researchers examine what they say. Now, Bunny's followers have become obsessed with the notion that her language-learning is making her develop some kind of self-awareness.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
This past year, most management advice has focused on how to sustain productivity during the pandemic, yet the power of kindness has been largely overlooked. Practicing kindness by giving compliments and recognition has the power to transform our remote workplace. A commitment to be kind can bring many important benefits. First, and perhaps most obviously, practicing kindness will be immensely helpful to our colleagues. Being recognized at work helps reduce employee burnout and absenteeism, and improves employee well-being, Gallup finds year after year. Second, practicing kindness helps life feel more meaningful. For example, spending money on others and volunteering our time improves wellbeing, bringing happiness and a sense of meaning to life. Third, as we found in a new set of studies, giving compliments can make us even happier than receiving them. We paired up participants and asked them to write about themselves and then talk about themselves with each other. Next, we asked one of them to give an honest compliment about something they liked or respected about the other participant after listening to them. Consistently, we found that giving compliments actually made people happier than receiving them. When people receive an act of kindness, they pay it back, research shows — and not just to the same person, but often to someone entirely new. This leads to a culture of generosity. Simply knowing that one is appreciated can trigger the psychological benefits of kindness.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
As people across the globe grappled with higher levels of stress, depression and anxiety this past year, many turned to their favorite comfort foods. But ... the sugar-laden and high-fat foods we often crave when we are stressed or depressed, as comforting as they may seem, are the least likely to benefit our mental health. Instead, whole foods such as vegetables, fruit, fish, eggs, nuts and seeds, beans and legumes and fermented foods like yogurt may be a better bet. Historically, nutrition research has focused largely on how the foods we eat affect our physical health, rather than our mental health. But ... a growing body of research has provided intriguing hints about the ways in which foods may affect our moods. A healthy diet promotes a healthy gut, which communicates with the brain through what is known as the gut-brain axis. Microbes in the gut produce neurotransmitters like serotonin and dopamine, which regulate our mood and emotions, and the gut microbiome has been implicated in mental health outcomes. “The gut microbiome plays a shaping role in a variety of psychiatric disorders, including major depressive disorder,” a team of scientists wrote in the Harvard Review of Psychiatry. “Mental health is complex,” said Dr. Jacka ... at Deakin University in Australia. “Eating a salad is not going to cure depression. But there’s a lot you can do to lift your mood and improve your mental health, and it can be as simple as increasing your intake of plants and healthy foods.”
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The pharmaceutical industry is pouring resources into the growing political fight over generic coronavirus vaccines. Over 100 lobbyists have been mobilized to contact lawmakers and members of the Biden administration, urging them to oppose a proposed temporary waiver on intellectual property rights by the World Trade Organization that would allow generic vaccines to be produced globally. Pharmaceutical lobbyists working against the proposal include Mike McKay, a key fundraiser for House Democrats, now working on retainer for Pfizer, as well as several former staff members to the U.S. Office of Trade Representative, which oversees negotiations with the WTO. Several trade groups funded by pharmaceutical firms have also focused closely on defeating the generic proposal, new disclosures show. The U.S. Chamber of Commerce, the Business Roundtable, and the International Intellectual Property Alliance, which all receive drug company money, have dispatched dozens of lobbyists to oppose the initiative. The push has been followed by a number of influential voices taking the side of the drug lobby. Last week, Sen. Thom Tillis, R-N.C., released a letter demanding that the administration “oppose any and all efforts aimed at waiving intellectual property rights.” Currently, only 1 percent of coronavirus vaccines are going to low-income countries, and projections show much of the world’s population may not be vaccinated until 2023 or 2024.
Note: Has it ever been more clear that big Pharma places profits above health, even when it might cause huge numbers of people to die? For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and coronavirus vaccines from reliable major media sources.
A former Gestapo general who sent tens of thousands of Jews to their deaths was protected from prosecution by US and West German intelligence after the Second World War. SS-General Franz Josef Huber served as head of the Gestapo in Vienna and much of Austria following the Nazi takeover. He worked closely with Adolf Eichmann, the architect of the Holocaust, and personally ordered the deportation of Austrian Jews to concentration camps. Yet while Eichmann was captured by Israel and sentenced to death ... Huber was released by US forces following the war and spent the rest of his life as a free man in his native Munich, where he was a minor employee at a local business. That was a cover arranged for him by West German intelligence. It now appears Huber was protected by the US because it believed he could be a useful asset against the Soviet Union. “Although we are by no means unmindful of the dangers involved in playing around with a Gestapo general, we also believe, on the basis of the information now in our possession, that Huber might be profitably used by this organization,” a CIA memo from 1953 obtained by the New York Times reads. Declassified files obtained by German ARD television’s Munich Report show that US and West German intelligence conspired to hide Huber’s past and protect him from prosecution. In the US, the CIA, FBI and other intelligence agencies recruited more than 1,000 ex-Nazis as agents in the years following the war.
Note: Read about the Nazi scientists secretly brought to the US to work after WWII. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
The number of newly minted and reissued billionaires soared last year, Forbes reported Tuesday in its annual ranking, a staggering accumulation of personal wealth that stands in sharp contrast with the widespread economic struggles unleashed by the coronavirus pandemic. The number of billionaires on Forbes’ 35th annual ranking swelled by 660 to 2,755 — a roughly 30 percent jump from a year ago — and 493 of them are first-timers. Seven of eight are richer than they were before the pandemic. Forbes calculates net worth by using stock prices and exchange rates from March 5. Amazon founder Jeff Bezos, with an estimated fortune of $177 billion, topped the list. Tesla chief executive Elon Musk came in at No. 2 at $151 billion. As a class, billionaires added about $8 trillion to their total net worth from last year, totaling $13.1 trillion. The United States had the most billionaires, at 724, extending a rapid rise in wealth that hasn’t happened since the Rockefellers and the Carnegies roughly a century ago. China ... had the second highest number of billionaires: 698. Gabriel Zucman, an economist ... said in an email that the explosive acceleration of wealth among the richest of the rich has only accelerated during the pandemic. “In the United States, the top 400 wealthiest Americans now own the equivalent 18% of GDP in wealth, twice as much as in 2010 (9% of GDP). The pandemic has reinforced this trend, with a boom in top-end wealth despite the decline in economic activity,” he wrote.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and income inequality from reliable major media sources.
John Geddert, the former USA Gymnastics coach, was found dead in February just hours after he had been charged with 24 felonies including human trafficking and sexual assault in relation to his decades of work with young gymnasts in his home state of Michigan. Teristi, 46, says she was 10 years old when Geddert’s coaching style became verbally and physically abusive. She says she was 14 years old when Geddert started sitting in on training sessions with sports medicine physician Larry Nassar, Geddert’s close friend and a serial sexual predator, as Nassar repeatedly sexually abused Teristi. Nassar may not be making national headlines since his sentencing hearing three years ago, but the women he abused have been fighting every day since for accountability from the systems that allowed his abuse to flourish. Most of these survivors have one straightforward demand: a complete and objective accounting of how Nassar was allowed to abuse children for nearly 40 years. Who knew about the abuse and did nothing? Why were there no safeguards in place to prevent this from happening? An independent, transparent investigation that answers these questions can ensure that a predator like Nassar will never again go undetected in the sport of gymnastics or at a college like Michigan State University. And yet, at every turn survivors have been met with institutional apathy, continued betrayal and negligence — a press statement with flowery sentences about change followed by little to no action.
Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals from reliable major media sources.
Gov. Kate Brown of Oregon announced the members of the state’s newly formed Psilocybin Advisory Board this week. Oregon is about to become the first state in the country to try to build a support infrastructure through which psychedelic mushrooms can be woven into everyday life. This framework is different from what we’ve seen before: not legalization, not medicalization, but therapeutic use, in licensed facilities, under the guidance of professionals trained to guide psychedelic experiences. The ... pressing case for psilocybin comes from research out of Johns Hopkins, U.C.L.A., N.Y.U. and elsewhere that has shown it to be a potentially effective treatment for major depression, end-of-life anxiety and drug addiction. “One of the things I’ve come to is that addiction medicine in 2021 is in desperate need of transformative technologies,” Todd Korthuis, a ... member of Oregon’s Psilocybin Advisory Board, told me. Studies ... are “showing dramatic change in people’s lives — that’s what we need for cocaine use disorder, methamphetamine use disorder, even alcohol and tobacco.” A recent study on major depressive disorder, published in JAMA Psychiatry, found more than half of the subjects in remission four weeks later, after just two treatments alongside psychotherapy. A study on tobacco addiction, out of Johns Hopkins, found two-thirds of the subjects who received psilocybin in combination with cognitive behavioral therapy abstinent a year later.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the healing potentials of mind-altering drugs from reliable major media sources.
The U.S. accounted for 37% of all global arms exports over the last five years, with Saudi Arabia – easily the world's top arms buyer – accounting for one-quarter of those sales, according to new data from the Stockholm International Peace Research Institute. U.S. arms exports rose by 15% from 2011-2015 to 2016-2020, with 96 countries buying arms from America. Russia remained the second-largest exporter with 20% of the market, but supplied a smaller pool of 44 countries and saw sales fall by 22% from the previous five years due primarily to a decrease in sales to India. The next largest arms exporters were France (8% of the total), Germany (5%) and China (5%). China's sales also slid by 8% in the past five years, while exports from Europe increased significantly. Israel and South Korea both accounted for about 3% of the total after significantly increasing their exports over the past five years. Russia had four major clients that accounted for two-thirds of all exports – India, China, Algeria and Egypt – while Pakistan was by far China's biggest client. The U.S. had a diversified pool of major buyers: Saudi Arabia, Australia, South Korea, Japan, the UAE, Qatar, Israel and the U.K. Arms imports overall were flat between 2011–2015 and 2016–2020, but rose in the Middle East (+25%) while falling in the Americas (-43%), Africa (-13%), and Asia and Oceania (-8.3%).
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption and war from reliable major media sources.
A small group of scientists and others who believe the novel coronavirus that spawned the pandemic could have originated from a lab leak or accident is calling for an inquiry independent of the World Health Organization’s team of independent experts sent to China last month. Officials with the W.H.O. have said in recent interviews that it was “extremely unlikely” but not impossible that the spread of the virus was linked to some lab accident. The open letter ... lists what the signers see as flaws in the joint W.H.O.-China inquiry. The letter emphasized that the team was denied access to some records and did not investigate laboratories in China. Dr. David A. Relman, a professor of medicine and microbiology at Stanford University [said] "the W.H.O. investigation appears to be biased, skewed, and insufficient." Richard Ebright, a molecular biologist at Rutgers University and one of the scientists who signed the letter, said it grew out of a series of online discussions among scientists, policy experts and others who came to be known informally as the Paris group. Many of those who signed the letter were based in France and Dr. Ebright, who has been outspoken about the need to investigate a possible laboratory leak, said such discussion had been less vigorous in the United States. He said that no one in the group thought that the virus had been intentionally created as a weapon, but they were all convinced that an origin in a lab through research or by accidental infection was as likely as a spillover occurring in nature from animals to humans.
Note: Read more about the controversial "gain-of-function" research that took place at the Wuhan Institute of Virology. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
About fifty years ago, Dr. Bruce Greyson was eating pasta in the hospital cafeteria when his beeper went off. Greyson, a psychiatrist, was urgently needed in the ER to treat a college student who had overdosed. He called her name — “Holly” — and tried to rouse her. But she didn’t stir. The next morning, Greyson returned to work at the hospital. Holly stirred. “I remember you from last night,” she mumbled. “I saw you talking with Susan, sitting on the couch.” Suddenly Holly opened her eyes, looked Greyson in the face and added, “You were wearing a striped tie that had a red stain on it.” Greyson began studying these so-called near-death experiences (NDEs) from a scientific standpoint, collecting hundreds of stories from those who’ve had them. He discovered that ... many people who survive the jaws of death report strange out-of-body experiences. Since meeting Holly, Greyson has published hundreds of academic papers. His search for answers is chronicled in his new book “After: A Doctor Explores What Near-Death Experiences Reveal about Life and Beyond.” Near-death experiences are fairly common. Some 10 percent to 20 percent of people who come close to death report them — about 5 percent of the population. So what is going on? Greyson, who grew up in a scientific household and is not religious, says he doesn’t know. “But I think the evidence overwhelmingly points to the physical body not being all that we are,” he says. “There seems to be something that is able to continue after the body dies.”
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles on near-death experiences.
A congressional report found many of the products made by the country’s largest commercial baby food manufacturers contain significant levels of toxic heavy metals, including arsenic, lead, cadmium and mercury, which can endanger infant neurological development. The report ... from the House Oversight Committee’s subcommittee on economic and consumer policy found heavy metals in rice cereals, sweet potato puree, juices and sweet snack puffs made by some of the most trusted names in baby food. Gerber, Beech-Nut, HappyBABY (made by Nurture) and Earth’s Best Organic baby foods (made by Hain Celestial Group) complied with the committee’s request to submit internal testing documents. Campbell Soup, which sells Plum Organics baby foods, Walmart (its private brand is Parent’s Choice) and Sprout Foods declined to cooperate. Although there are no maximum arsenic levels established for baby food ... the FDA has set the maximum allowable levels in bottled water at 10 ppb of inorganic arsenic. Hain ... used many ingredients in its baby foods with as much as 309 ppb of arsenic. Lead levels in baby foods should not exceed 1 ppb. Beech-Nut used ingredients containing as much as 886.9 parts per billion of lead. In addition, Gerber used carrots containing as much as 87 ppb of cadmium and Nurture sold baby foods with as much as 10 ppb of mercury. And even when baby foods tested over companies’ internal limits for these heavy metals, they were sold anyway.
Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.
Ghislaine Maxwell reportedly asked a “room of underage girls” to dance for Jeffrey Epstein. Ms Maxwell, 58, was charged last summer with six counts of recruiting and grooming girls and young women to be sexually abused by both her and Epstein, her former business partner and boyfriend. On Wednesday, 112 legal documents totaling thousands of pages were made public in the US. The documents included redacted witness testimony accusing Ms Maxwell of preying on underage girls and forcing them to perform sexual favours for Epstein’s gratification. “Maxwell direct a room full of underage girls to kiss, dance, and touch one another in a sexual way for defendant and Epstein to watch,” the statement said. A separate witness claimed that Ms Maxwell recruited her from a school campus to have sex with Epstein, by initially informing her that she would be hired as a personal assistant. While another released document alleges that “ample evidence in this case establishes that not only did Defendant [Maxwell] recruit underage girls for massage and sexual activities with Epstein, but that she participated in calling the girls; getting other people to bring girls; talking to the girls; taking massages from and leaving messages about the girls; and scheduling the girls to come over”.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the Jeffrey Epstein scandal from reliable major media sources.
The economic blow from Covid-19 has cost workers around the world $3.7tn (£2.7tn) in lost earnings, after the pandemic wiped out four times the number of working hours lost in the 2008 financial crisis. The International Labour Organization (ILO) said women and younger workers had borne the brunt of job losses and reductions in hours, and warned that people in sectors hardest hit by the crisis – such as hospitality and retail – risked being left behind when the economy recovered. Sounding the alarm that entrenched levels of inequality risked becoming a defining feature of the economic rebound from Covid-19, the Geneva-based agency said that governments around the world needed to take urgent action to support those at the heart of the storm. In its annual analysis of the global jobs market, it said 8.8% of working hours were lost in 2020 relative to the end of 2019, equivalent to 255m full-time jobs. This is approximately four times bigger than the toll on workers as a consequence of the 2008-2009 financial crisis. These “massive losses” resulted in an 8.3% decline in global labour income, before government support measures are included, according to the ILO, equivalent to $3.7tn in earnings – about 4.4% of global GDP. Women have been more affected than men by the disruption to the jobs market, with female workers more likely to drop out of work altogether. Younger workers have also been particularly hard hit, either losing jobs, dropping out of the labour force or delaying the search for a first job.
Note: In the meantime, MSN reports that billionaires made $3.9 trillion during the pandemic. Is this the kind of wealth transfer that supports humanity? For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
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