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News Stories
Excerpts of Key News Stories in Major Media


Below are highly revealing excerpts of key news stories from the major media that suggest major cover-ups and corruption. Links are provided to the full stories on their media websites. If any link fails to function, read this webpage. These news stories are listed by date posted. You can explore the same list by order of importance or by date of news story. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Short-Term Superhuman: If We Create Augmented Soldiers, Can We Turn Them Back?
2018-09-25, Popular Mechanics
Posted: 2020-10-12 00:18:27
https://www.popularmechanics.com/military/research/a23457329/augmented-super-...

A soldier wears a skullcap that stimulates his brain to make him learn skills faster, or reads his thoughts as a way to control a drone. Another is plugged into a Tron-like “active cyber defense system,” in which she mentally teams up with computer systems “to successfully multitask during complex military missions.” The Pentagon is already researching these seemingly sci-fi concepts. The basics of brain-machine interfaces are being developed—just watch the videos of patients moving prosthetic limbs with their minds. The Defense Department is examining newly scientific tools, like genetic engineering, brain chemistry, and shrinking robotics, for even more dramatic enhancements. But the real trick may not be granting superpowers, but rather making sure those effects are temporary. Last year, three Canadian defense researchers published a paper that explored the intersection of human enhancement and ethics. They found that the permanence of the enhancement could have impacts on troops in the field ... as well as a return to civilian life. They also note that “many soldier resilience human enhancement technologies raised health and safety questions.” The Canadian researchers wrote: “Are there unknown side effects or long term effects that could lead to unanticipated health problems during deployment or after discharge? Moreover, is it ethical to force a soldier to use the technology in question, or should he/she be allowed to consent to its use? Can consent be fully free from coercion in the military?”

Note: Read an excellent article detailing the risks of biosensors implanted under the skin which have already been developed. Some smaller than a grain of rice can be injected with a needle. Watch a slick video promoting this brave new world. Learn how this is already planned for use on soldiers. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.


‘Dramatic’ plunge in London air pollution since 2016, report finds
2020-10-03, The Guardian (One of the UK's leading newspapers)
Posted: 2020-10-12 00:16:13
https://www.theguardian.com/environment/2020/oct/03/dramatic-plunge-in-london...

Air pollution in London has plunged since Sadiq Khan became mayor, with a 94% reduction in the number of people living in areas with illegal levels of nitrogen dioxide. The number of schools in such areas has fallen by 97%, from 455 in 2016 to 14 in 2019. Experts described the reductions as dramatic and said they showed the air pollution crisis was not intractable. More than 9,000 people in the capital were dying early each year due to dirty air in 2015. The report from the mayor of London, reviewed by scientists, shows that more than 2 million people in the capital lived with polluted air in 2016, but this fell to 119,000 in 2019. The report, which does not include the further falls in pollution seen after the Covid-19 lockdown began in March, shows levels of nitrogen dioxide (NO2) by roads in central London fell by 44% between early 2017 and early 2020. The pollution cuts have been achieved by charges that have deterred dirty vehicles from entering the city centre and have driven up the use of cleaner vehicles. Putting low-emission buses on the dirtiest routes, ending the licensing of new diesel taxis and extending the amount of protected space for cycling have also contributed. Prof Stephen Holgate, a special adviser on air quality to the Royal College of Physicians, said: “Air pollution is a scourge on society. What the mayor of London has shown in his first term is that major reductions in toxic pollutants can be achieved and that businesses and the public are willing to make the necessary changes to deliver this.”

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


California could start its own line of generic drugs to bring down prescription prices
2020-09-30, Fast Company
Posted: 2020-10-12 00:14:34
https://www.fastcompany.com/90558135/california-could-start-its-own-line-of-g...

Prescription drug prices in the U.S. are expensive. One vial of insulin can cost as much as $450, while the same amount goes for about $30 in Canada. Now, California could make its own generic insulin - and other prescription drugs - through a new law passed this week that aims to increase access to affordable medications. California governor Gavin Newsom signed legislation this week that allows the California Health and Human Services Agency to partner with drug manufacturers in order to make or distribute generic prescription drugs. The bill builds on a plan Newsom first announced in January to increase generic drug manufacturing, which would lower prescription drug costs through a state-sponsored prescription drug label called Cal Rx. Cal Rx wouldn’t be developing new drugs ... just attempting to make cheaper versions of generic drugs, or drugs that aren’t currently covered by a patent. The bill does not specify what prescription drugs the state’s health agency would create or distribute through such partnerships - officials are in the process of identifying potential medications - but it does require a partnership for “at least one form of insulin, provided that a viable pathway for manufacturing a more affordable form of insulin exists at a price that results in savings.” Current U.S. laws allow pharmaceutical manufacturers to set their own prices, which isn’t common practice in other countries. In England ... a government agency negotiates directly with pharmaceutical companies.

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


In Sweden, Trash Heats Homes, Powers Buses and Fuels Taxi Fleets
2018-09-21, New York Times
Posted: 2020-10-12 00:12:37
https://www.nytimes.com/2018/09/21/climate/sweden-garbage-used-for-fuel.html

In a cavernous room filled with garbage, a giant mechanical claw reaches down and grabs five tons of trash. As a technician in a control room maneuvers the spiderlike crane, the claw drops its moldering harvest down a 10-story shaft into a boiler that is hotter than 1,500 degrees Fahrenheit. The process continues 24 hours a day to help fuel this power plant run by Tekniska Verken, a municipal government company in Linköping, a city 125 miles south of Stockholm. It is one of Sweden’s 34 “waste-to-energy” power plants. Instead of burning coal or gas, this power plant burns trash. Sweden is known for strikingly reducing the trash sent to its landfills. Less than 1 percent of household waste in this Scandinavian country finds it way to landfills, according to Avfall Sverige, the Swedish Waste Management and Recycling association. Trash accounts for a small portion of Sweden’s overall power supply; hydro and nuclear energy generate about 83 percent of Sweden’s electricity, and wind generates another 7 percent. But garbage supplies much of the heat during cold months for the country’s nearly 10 million residents. Energy from trash equals the heating demand of 1.25 million apartments and electricity for 680,000 homes, according to Avfall Sverige. Along with heat and electricity, Tekniska Verken produces methane biogas from 100,000 tons of food and organic waste each year. This biogas runs more than 200 city buses in the county, as well as fleets of garbage collection trucks, and some taxis and private cars.

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


After Pouring Billions Into Militarization of U.S. Cops, Congress Weighs Limits
2020-07-01, Bloomberg
Posted: 2020-10-04 21:15:18
https://www.bloomberg.com/graphics/2020-police-military-equipment/

Protesters mobilizing across the country against racism and excessive force by police have been countered by law enforcement officers more heavily armed than ever. Three federal programs have allowed local and state law enforcement to arm itself with military equipment. Since 1997, the Defense Department has transferred excess or unused equipment to state and local law enforcement agencies. Departments have acquired more than $7 billion worth of guns, helicopters, armored vehicles and ammunition under the program. The transfers were limited under the Obama administration but re-expanded under President Donald Trump in 2017. Now Congress is considering reining it in again. But that effort, if successful, is unlikely to touch an even bigger source of advanced weapons accessible to civilian police. Two Department of Homeland Security initiatives established in the wake of the September 11 terrorist attacks have given state and local law enforcement agencies billions more to buy equipment without the rules and restrictions of the Defense Department program. Because of the Defense Department program, authorized by Section 1033 of the National Defense Authorization Act, more than 6,500 law enforcement agencies across the country currently possess more than $1.8 billion worth of equipment. Since 2003, states and metro areas have received $24.3 billion from two DHS grant programs, which have little oversight: The State Homeland Security Program (SHSP) and the Urban Areas Security Initiative (UASI).

Note: Read also this wired.com article revealing how the 1033 program has shipped over $7.4 billion of Defense Department property to more than 8,000 law enforcement agencies and this NPR article detailing the military weaponry gifted to police around the US. For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.


Massive military spending is turning America into a 'warfare state,' warns ex U.S. Army Colonel
2020-09-28, CBC (Canada's public broadcasting system)
Posted: 2020-10-04 21:13:41
https://www.cbc.ca/radio/ideas/massive-military-spending-is-turning-america-i...

In his 1961 farewell address, President Dwight Eisenhower cautioned the United States against "unwarranted influence" — what he saw as an alarming alignment of corporate interests with military operations, a relationship he famously called: "the military-industrial complex." Col. Lawrence Wilkerson ... spent over 30 years in the U.S. Army [and] was chief of staff for former Secretary of State, General Colin Powell. He believes that Eisenhower was right, and is a fierce critic of the military-industrial complex. Or what he calls "the warfare state," an obvious play on "welfare state." He believes military spending ... is ruining America. "Today we have become what Eisenhower's worst nightmare predicted in his farewell address," says Wilkerson. Col. Wilkerson has seen firsthand how military expenditures create a devastating feedback loop with politics. "The country marches on to yet another war, another trillion dollar fiasco, another bloodbath for young men and women who are signed up because they were bribed to do so," says Col. Wilkerson. He says "bribed" unapologetically, as the U.S. military relies disproportionately on personnel from have-not states to fill its ranks. The expenditures, however, don't benefit the troops. "The divorce rate: off the charts in the services now. Suicide rate: off the charts in the services now. More post-traumatic stress then you'd ever imagine," Col. Wilkerson explains. "We are almost $22 trillion in debt right now. We've not been this far in debt since the last year of World War Two."

Note: Read a two-page summary of General Smedley Butler's important book, titled "War is a Racket". For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.


These Shocking Charts Show Just How Much Richer Billionaires Have Gotten Since Covid
2020-09-30, Forbes
Posted: 2020-10-04 21:11:50
https://www.forbes.com/sites/pedrodacosta/2020/09/30/these-shocking-charts-sh...

The world’s wealthiest individuals have become even richer during the coronavirus pandemic as the prices of financial assets have been supported by widespread policy intervention while employment and wages, well, not so much. The Institute for Policy Studies, a liberal think tank in Washington, chronicles just how bifurcated the road the recovery from an economy slump is likely to be. At the upper end of the spectrum, the combined wealth of all U.S. billionaires increased by $821 billion or 28% between March 18, 2020 and September 10, 2020, from approximately $2.947 trillion to $3.768 trillion. That means they own the equivalent of nearly 20% of U.S. gross domestic product. The richest five billionaires, Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett, and Elon Musk, saw a 59% increase in their total wealth, from $358 billion to $569 billion. One University of Chicago study found that, between the start of February and the end of June, the lowest-income group had the highest job loss rate while the highest-income workers had the [lowest] rate of lob losses. Black and Hispanic workers were also much more likely to become unemployed during the pandemic than Whites despite their predominant role in work deemed ... essential. As the pandemic forced many industries into remote work, millions of Black and Hispanic workers have been left out. “Only 19.7% of Black and 16.2% of Latinx people work in jobs where they are able to telework, compared to 29.9% of White and 37.0% of Asian workers,” the report said.

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.


No Job, Loads of Debt: Covid Upends Middle-Class Family Finances
2020-09-20, Wall Street Journal
Posted: 2020-10-04 21:10:11
https://www.wsj.com/articles/covid-unemployment-debt-middle-class-family-fina...

Millions of Americans have lost jobs during a pandemic that kept restaurants, shops and public institutions closed for months and hit the travel industry hard. While lower-wage workers have borne much of the brunt, the crisis is wreaking a particular kind of havoc on the debt-laden middle class. Before the pandemic, Americans had amassed $4.2 trillion in consumer debt, excluding mortgages, according to the Federal Reserve Bank of New York, a record even when adjusting for inflation. Housing debt added an additional $10 trillion to the tally. The coronavirus has spared few industries and expanded unemployment benefits designed to replace the average American income didn’t cover all the lost pay of higher-earning workers, especially in or near expensive cities. The extra $600 weekly payments expired in July, putting them even further behind. Unemployment has fallen from its pandemic peak of near 15%, but the rate stood at 8.4% in August, up from 3.5% in February, according to the Bureau of Labor Statistics. Unemployment for the arts, design, media, sports and entertainment was 12.7% in August, more than triple its year-earlier level. In education, it more than doubled to 10.2%. Sales and office unemployment was 7.8% in August, up from 3.8% in August 2019. It could get worse. Many people who have jobs are struggling with pay cuts. As of August, 17 million workers were getting paid less due to the pandemic. Some 9.5 million took pay cuts; the remaining 7.5 million are working fewer hours.

Note: You can find the full article available for free viewing on this webpage. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and income inequality from reliable major media sources.


The price of inequality? Lost annual income of $42,000 for typical worker, study finds
2020-09-14, CBS News
Posted: 2020-10-04 21:08:20
https://www.cbsnews.com/news/income-inqequality-42k-lost-anually/

Income inequality has given the rich a greater share of the economic spoils than middle- and low-income earners. That's resulted in a very real impact on the incomes of middle- and low-income households, with the typical full-time American worker now earning $42,000 less than they would have if inequality hadn't surged over the last four decades. That's according to a new analysis from researchers at Rand, the global policy think tank. Its researchers wanted to look at the dollars-and-cents impact on U.S. households from yawning income inequality. Prior to the mid-1970s, Americans' incomes, no matter their level, generally rose in step with overall economic growth. That changed in the late 1970s, with the rich capturing the lion's share of economic growth, while middle-class and lower-income workers eked out gains far below par. In 2018, the typical full-time worker earned about $50,000 — but if that same worker had kept up with the economy's expansion, they would have earned $92,000 annually, the Rand analysis found. Only the top 5% of Americans have enjoyed earnings that approached or exceeded the nation's economic growth. Meanwhile, the top 1% has come out far ahead, gaining a far greater share of economic growth than they did prior to the 1970s. The typical person in the top 1% earned $1.4 million in 2018, but would have earned $630,000 – less than half that amount – were it not for benefitting from widening inequality, the analysis found.

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


Virus Hands World Leaders Sweeping Powers They May Never Give Up
2020-03-25, Bloomberg
Posted: 2020-10-04 21:06:45
https://www.bloomberg.com/news/articles/2020-03-25/virus-gives-world-leaders-...

Like the 9/11 terrorist attacks in the U.S., the coronavirus pandemic is a crisis of such magnitude that it threatens to change the world in which we live, with ramifications for how leaders govern. Governments are locking down cities with the help of the army, mapping population flows via smartphones and jailing or sequestering quarantine breakers using banks of CCTV and facial recognition cameras backed by artificial intelligence. The restrictions are unprecedented in peacetime and made possible only by rapid advances in technology. And while citizens across the globe may be willing to sacrifice civil liberties temporarily, history shows that emergency powers can be hard to relinquish. “A primary concern is that if the public gives governments new surveillance powers to contain Covid-19, then governments will keep these powers after the public health crisis ends,” said Adam Schwartz ... at the non-profit Electronic Frontier Foundation. “Nearly two decades after the 9/11 attacks, the U.S. government still uses many of the surveillance technologies it developed in the immediate wake.” In part, the Chinese Communist Party’s containment measures at the virus epicenter in Wuhan set the tone, with what initially seemed shocking steps to isolate the infected being subsequently adopted in countries with no comparable history of China’s state controls. For Gu Su ... at Nanjing University, China’s political culture “made its people more amenable to the draconian measures.”

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


CDC’s credibility is eroded by internal blunders and external attacks as coronavirus vaccine campaigns loom
2020-09-28, Washington Post
Posted: 2020-10-04 21:04:44
https://www.washingtonpost.com/health/2020/09/28/cdc-under-attack/

The Centers for Disease Control and Prevention was created to stop deadly pathogens. But 2020 has been a disaster for the CDC. The agency’s response to the worst public health crisis in a century - the coronavirus pandemic - has been marked by technical blunders and botched messaging. The agency has endured false accusations and interference by Trump administration political appointees. Worst of all, the CDC has experienced a loss of institutional credibility at a time when the nation desperately needs to know whom to trust. The stumbles started early in the pandemic, with the botched rollout of test kits suspected of being contaminated at a CDC lab in late January. But the agency’s most chronic problem has been the inability to speak directly and persuasively to the American public. That’s because it has been muzzled ... by political operatives. White House officials have pressured the CDC to change guidance over the last several months to align the guidelines more closely with the administration’s message that the pandemic is under control, federal health officials have said. Those actions include revised CDC guidance on mask-wearing and the reopening of religious institutions and schools. “Every big public health response has two components: the public health emergency and the political emergency,” said a CDC epidemiologist who spoke on the condition of anonymity out of fear of retaliation. “I never would have expected the level of political interference we’re seeing now. It’s so sad.”

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


Why The Social Dilemma is the most important documentary of our times
2020-09-18, The Independent (One of the UK's leading newspapers)
Posted: 2020-10-04 21:02:29
https://www.independent.co.uk/arts-entertainment/films/features/social-dilemm...

Netflix’s brilliant new 90-minute docu-drama, The Social Dilemma ... might be the most important watch of recent years. The film, which debuted at Sundance Film Festival in January, takes a premise that’s unlikely to set the world alight ... ie that Facebook, Twitter, Instagram et al aren’t exactly creating a utopia. Its masterstroke is in recruiting the very Silicon Valley insiders that built these platforms to explain their terrifying pitfalls – which they’ve realised belatedly. You don’t get a much clearer statement of social media’s dangers than an ex-Facebook executive’s claim that: “In the shortest time horizon I’m most worried about civil war.” The commonly held belief that social media companies sell users’ data is quickly cast aside – the data is actually used to create a sophisticated psychological profile of you. What they’re selling is their ability to manipulate you, or as one interviewee puts it: “It’s the gradual, slight, imperceptible change in your own behaviour and perception. It’s the only thing for them to make money from: changing what you do, how you think, who you are.” Despite it being public knowledge that Vote Leave and Trump’s 2016 election campaign harvested voters’ Facebook data on a gigantic scale, The Social Dilemma still manages to find fresh and vital tales of how these platforms destabilise modern politics. Russia’s Facebook hack to influence the 2016 US election? “The Russians didn’t hack Facebook. They used the tools that Facebook made for legitimate advertisers,” laments one of the company’s ex-investors.

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


California Plans to Ban Sales of New Gas-Powered Cars in 15 Years
2020-09-23, New York Times
Posted: 2020-10-04 21:00:31
https://www.nytimes.com/2020/09/23/climate/california-ban-gas-cars.html

California plans to ban the sale of new gasoline-powered cars statewide by 2035, Gov. Gavin Newsom said Wednesday, in a sweeping move aimed at accelerating the state’s efforts to combat global warming amid a deadly and record-breaking wildfire season. In an executive order, Governor Newsom directed California’s regulators to develop a plan that would require automakers to sell steadily more zero-emissions passenger vehicles in the state, such as battery-powered or hydrogen-powered cars and pickup trucks, until they make up 100 percent of new auto sales in just 15 years. The plan would also set a goal for all heavy-duty trucks on the road in California to be zero emissions by 2045 where possible. And the order directs the state’s transportation agencies to look for near-term actions to reduce Californian’s reliance on driving by, for example, expanding access to mass transit and biking. “This is the next big global industry,” Governor Newsom said at a news conference on Wednesday, referring to clean-energy technologies such as electric vehicles. “And California wants to dominate it.” California has long cast itself as a global leader on climate-change policy, having already passed a law to get 100 percent of its electricity from wind, solar and other sources that don’t produce carbon dioxide by 2045.

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


This project saves struggling restaurants by turning the workers into owners
2020-09-30, Fast Company
Posted: 2020-10-04 20:58:42
https://www.fastcompany.com/90557776/this-project-saves-struggling-restaurant...

When the Main Street Phoenix Project buys a distressed restaurant, it will turn the workers into owners, making the industry more equitable. “The hypothesis was that we needed to accelerate, streamline, and simplify the process of converting to employee ownership,” says Jason Wiener, a partner in the new venture. “This was about taking a traditional, tried-and-true business strategy - the private equity firm - and using the tools of concentration and capital efficiency and deploying it not for the benefit of investors, rather, for the benefit of workers.” As an attorney, Wiener has spent years helping small businesses convert to employee ownership, a process that can raise both profits and worker compensation. But the work was slow, and he realized that the response to the pandemic needed to happen much faster. He was particularly concerned about workers at restaurants, who are often women, people of color, or undocumented, with little savings to survive on if they lose their job. “By bringing new capital to the table, from mission-aligned, patient investors, we could buy businesses at significant value, we can hire their workers back, put them into ownership position, and lock in all of that improved cash flow and all that gain in value for the benefit of workers,” he says. After developing the financial model, the partners are now beginning to raise capital and expect to acquire the first restaurant by the end of the year, with plans to acquire around 25 over the next two years.

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


The Pandemic Bike Boom Hits in Some Unexpected American Cities
2020-09-23, Bloomberg
Posted: 2020-10-04 20:57:00
https://www.bloomberg.com/news/articles/2020-09-23/how-the-coronavirus-affect...

New data from Strava, the fitness tracking app used by 68 million global users, shows that several U.S. cities saw significant year-over-year growth in both bike trips and cyclists in much of 2020. Among the six U.S. cities for which Strava provided data, Houston and Los Angeles, two sprawling metropolises where just .5% and 1% of the respective populations biked to work in pre-pandemic times, stand out. In Houston, the total volume of cycling trips ... was 138% higher in May 2020 than in May 2019. In Los Angeles, the jump was 93%. Unlike their peers, these two places also saw cycling increases in April, the first full month of widespread stay-at-home order and economic shutdowns. Yet other major cities saw more people pedaling this spring and summer. After a drop in trips in April, New York City saw a steady rise in cycling in the ensuing months, with nearly 80% year-over-year growth in trips for July. Chicago saw significant, though more modest, increases, with a 34% bump that same month. Research by the U.S. Centers for Disease Control comparing Strava users who track their bike and walking commutes on the app to U.S. Census Bureau commute data has found that Strava is a reliable indicator of how the broader population moves. On Wednesday, the company announced that a web platform that aggregates, de-identifies and analyzes Strava trips on foot or bike is now free for use by urban planners, city governments and street safety advocates who apply.

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


Global banks seek to contain damage over $2 trillion of suspicious transfers
2020-09-21, MSN News/Reuters
Posted: 2020-09-28 03:31:11
https://www.msn.com/en-us/money/markets/global-banks-seek-to-contain-damage-o...

Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades. Britain-based HSBC Holdings Plc, Standard Chartered Plc and Barclays Plc, Germany's Deutsche Bank AG and Commerzbank AG, and U.S.-headquartered JPMorgan Chase & Co and Bank of New York Mellon Corp were among the lenders named in the report by the International Consortium of Investigative Journalists and based on leaked documents. The report was based on 2,100 leaked suspicious activity reports (SARs), covering transactions between 1999 and 2017, filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN). Banks are required to file an SAR whenever handling funds that cause grounds for suspicion of criminal activity. The reports revealed broader problems with the monitoring system at the heart of global policing of money laundering and other criminal activity. Investors worried about the potential fallout for global banks, many of which have faced hefty fines in the past for lapses in controls and spent billions of dollars to bolster compliance. "It confirms what we already knew: that there are huge amounts of SARs being filed with relatively low numbers of cases brought through to prosecution,” said Etelka Bogardi, a Hong Kong-based financial services partner at Norton Rose Fulbright. "It also brings out the point that managing financial crime risk goes beyond making SARs," Bogardi said.

Note: The original ICIJ report is titled “Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists.” Compare with the title of the New York Times article on this, “Banks Suspected Illegal Activity, but Processed Big Transactions Anyway.” A search on this topic shows that headlines of almost all major media have watered this down, likely to not upset the big banks. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.


More than half of all wrongful criminal convictions are caused by government misconduct
2020-09-16, Washington Post
Posted: 2020-09-28 03:29:23
https://www.washingtonpost.com/crime-law/2020/09/16/more-than-half-all-wrongf...

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.

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


Hunger in America, Especially for Children, Has “Skyrocketed” During Covid-19, Data Shows
2020-09-23, The Intercept
Posted: 2020-09-28 03:27:44
https://theintercept.com/2020/09/23/hunger-food-insecurity-coronavirus-childr...

The level of hunger in U.S. households almost tripled between 2019 and August of this year, according to an analysis of new data from the Census Bureau and the Department of Agriculture. Even more alarming, the proportion of American children who sometimes do not have enough to eat is now as much as 14 times higher than it was last year. The Agriculture Department conducts yearly studies on food insecurity in the U.S., with its report on 2019 released this month. The Census Bureau began frequent household surveys in April in response to Covid-19 that include questions about hunger. The analysis, by the Washington, D.C.-based Center on Budget and Policy Priorities, found that 3.7 percent of U.S. households reported they sometimes or often had “not enough to eat” during 2019. Meanwhile, the most recent Census data from the end of August of this year showed that 10 percent of households said they sometimes or often did not have enough to eat within the past seven days. Levels of food insecurity in Black and Latino households are significantly higher, at 19 percent and 17 percent, respectively, compared to 7 percent in white households. Remarkably, this increase in hunger has nothing to do with any actual shortage of food. It is purely the result of political decisions.

Note: How much is severe collateral damage like this from the coronavirus lockdown policies being considered? For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.


The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure
2020-09-14, Time Magazine
Posted: 2020-09-28 03:25:57
https://time.com/5888024/50-trillion-income-inequality-america/

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.


Moderna Executives' Stock Sales Raise Concerns
2020-09-04, NPR
Posted: 2020-09-28 03:24:21
https://www.npr.org/2020/09/04/908305074/bad-optics-or-something-more-moderna...

Whether the coronavirus vaccine developed by Moderna succeeds or not, executives at the small biotech company have already made tens of millions of dollars by cashing in their stock. An NPR examination of official company disclosures has revealed additional irregularities and potential warning signs. Since January, CEO Stéphane Bancel has sold roughly $40 million worth of Moderna stock; Chief Medical Officer Tal Zaks has sold around $60 million; and President Stephen Hoge has sold more than $10 million. The stock sales first came to widespread notice after Moderna announced positive early data from a vaccine trial in May. At that point, the company's share price jumped and official disclosures showed executives cashing in their shares for millions of dollars. Advocates have questioned whether it's appropriate for executives to privately profit before bringing the vaccine to market, especially when American taxpayers have committed roughly $2.5 billion to the company's vaccine development. Moderna says its executives pre-scheduled their stock sales long in advance. Those schedules - known as 10b5-1 plans - can act as a defense to charges of insider trading. But the plans have to be put in place when executives do not have confidential inside information. NPR has found multiple executives adopted or modified their plans just before key announcements about the company's vaccine. That has raised questions about whether they were aware of nonpublic information when they planned their stock trades.

Note: Explore a revealing NBC article titled “Secret, powerful panels will pick Covid-19 vaccine winners.” For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and Big Pharma corruption from reliable major media sources.


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