News StoriesExcerpts of Key News Stories in Major Media
Below are key excerpts of revealing news articles from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.
For further exploration, delve into our comprehensive Information Centers.
Just as we don't pay much attention to the critical infrastructure that powers our digital world and exists just out of sight — from the Automated Clearing House (ACH), which undergirds our financial system, to the undersea cables that enable the Internet to be globally useful, blockchain is likely to change our lives in ways that will eventually be invisible. In the sharing economy, we have traditionally just used existing infrastructure and built platforms and services on top of it. Considering that those undersea cables are owned by private companies with their own motives and that the locations of ACH data centers are heavily classified, there is a lot to be desired in terms of transparency, resilience, and independence from self-interested third parties. That's where open-source, decentralized infrastructure of the blockchain for the sharing economy offers much promise and potential. Origin ... is working to reduce the cost, difficulty, and barriers to entry for building marketplaces, enabling people to build truly peer-to-peer marketplaces on the blockchain. In creating this kind of decentralized underpinning, blockchains offer communities alternatives to one-size-fits all solutions and economies of scale. Another crucial part of the sharing economy infrastructure is financial infrastructure. Consider the two billion unbanked and underbanked adults around the world. Can blockchain benefit them as well? WeTrust is one of the blockchain startups working to do this, and has already put out a lending circle product.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
According to the Centers for Disease Control and Prevention, the United States is experiencing around 400 covid deaths every day. At that rate, there would be nearly 150,000 deaths a year. But are these Americans dying from covid or with covid? Robin Dretler ... the former president of Georgia's chapter of Infectious Diseases Society of America, estimates that at his hospital, 90 percent of patients diagnosed with covid are actually in the hospital for some other illness. "Since every hospitalized patient gets tested for covid, many are incidentally positive," he said. A gunshot victim or someone who had a heart attack, for example, could test positive for the virus, but the infection has no bearing on why they sought medical care. If these patients die, covid might get added to their death certificate. But the coronavirus was not the primary contributor to their death and often played no role at all. Earlier in the pandemic, a large proportion of covid-positive hospitalizations were due to covid. But as more people developed some immunity through vaccination or infection, fewer patients were hospitalized because of it. During some days, [infectious-disease physician Shira Doron] said, the proportion of those hospitalized because of covid were as low as 10 percent of the total number reported. Both Dretler and Doron ... want the public to see what they're seeing, because, as Doron says, "overcounting covid deaths undermines people's sense of security and the efficacy of vaccines."
Note: Further explore the troubling inflation of COVID death numbers in this thought-provoking article, which shows how factual information and good science are being labeled as a "conspiracy" within mainstream culture. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
Among the many surprising assets uncovered in the bankruptcy of the cryptocurrency exchange FTX is a relatively tiny one that could raise big concerns: a stake in one of the country’s smallest banks. The bank, Farmington State Bank in Washington State, has a single branch and, until this year, just three employees. It did not offer online banking or even a credit card. The tiny bank’s connection to the collapse of FTX is raising new questions about the exchange and its operations. The ties between FTX and Farmington State Bank began in March when Alameda Research, a small trading firm and sister to FTX, invested $11.5 million in the bank’s parent company, FBH. At the time, Farmington was the nation’s 26th-smallest bank out of 4,800. Its net worth was $5.7 million. FTX is a now bankrupt company that was one of the world’s largest cryptocurrency exchanges. A judge allowed the law firm Sullivan & Cromwell to continue advising FTX on bankruptcy. It’s unclear how FTX was allowed to buy a stake in a U.S.-licensed bank, which would need to be approved by federal regulators. Banking veterans say it’s hard to believe that regulators would have knowingly allowed FTX to gain control of a U.S. bank. “The fact that an offshore hedge fund that was basically a crypto firm was buying a stake in a tiny bank for multiples of its stated book value should have raised massive red flags for the F.D.I.C., state regulators and the Federal Reserve,” said Camden Fine, a bank industry consultant.
Note: An in-depth investigation by Whitney Webb and Ed Berger further unearths the mysterious connections between FTX and Farmington State Bank. Extending far beyond Sam Bankman-Fried and FTX, they make a case for a deeper criminal network at play, with troubling connections to this bank. Incidentally, the firm Sullivan & Cromwell has old connections with the CIA. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.
A pair of attorneys defending FTX founder Sam Bankman-Fried against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases, including ones involving drug lord “El Chapo” and disgraced socialite Ghislaine Maxwell. Mark Cohen and Christian Everdell, former federal prosecutors who are now partners in the New York-based boutique firm Cohen & Gresser ... are up against hard-charging Justice Department lawyers who moved quickly to indict Mr. Bankman-Fried after FTX’s collapse and secured two of his former top lieutenants as cooperating witnesses. The Manhattan U.S. attorney’s office this past month charged Mr. Bankman-Fried with stealing billions of dollars from FTX customers while misleading investors and lenders connected to his crypto-trading firm Alameda Research. He faces charges of fraud, conspiracy, money laundering and campaign-finance violations and pleaded not guilty last week. Messrs. Cohen, 59 years old, and Everdell, 48, have already navigated their client through a thorny extradition from the Bahamas, where Mr. Bankman-Fried had been jailed after the Justice Department requested that local police arrest him. The two lawyers worked with local counsel to secure his transfer to U.S. custody while negotiating with federal prosecutors his pretrial release under a $250 million bond. They are now tasked with combing through voluminous and technical discovery, including documents relating to FTX investors, debtors and political campaigns.
Note: For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.
After an exhaustive historical investigation into the barrels of DDT waste reportedly dumped decades ago near Catalina Island, federal regulators concluded that the toxic pollution in the deep ocean could be far worse ... than what scientists anticipated. In internal memos made public recently, officials from the U.S. Environmental Protection Agency determined that acid waste from the nation’s largest manufacturer of DDT — a pesticide so powerful it poisoned birds and fish — had not been contained in hundreds of thousands of sealed barrels. Most of the waste, according to newly unearthed information, had been poured directly into the ocean from massive tank barges. Other chemicals — as well as millions of tons of oil drilling waste — had also been dumped decades ago in more than a dozen areas off the Southern California coast. “That’s pretty jaw-dropping in terms of the volumes and quantities of various contaminants that were dispersed in the ocean,” said John Chesnutt ... who has been leading the EPA’s technical team on the investigation. “This also begs the question: So what’s in the barrels? There’s still so much we don’t know.” These revelations build on much-needed research into DDT’s toxic — and insidious — legacy in California. As many as half a million barrels of DDT waste have not been accounted for in the deep ocean. Women face greater risk of obesity, earlier menstruation and possibly breast cancer if their grandmothers were exposed to DDT during pregnancy, researchers say.
Note: Back in 2020, LA Times wrote an excellent investigative piece on the history and background of this unsettling issue. Consider watching a brief and shocking video of how the US government made the public believe DDT was so safe you could eat it and spray it on children. For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
The situation for India’s more than 260 million agricultural workers is dire. Nearly 30 people in the farming sector die by suicide daily, according to the most recent figures available, typically due to overwhelming debt. Indeed in 2020, more than 10,000 people in the agricultural sector ended their own lives, according to government data. India’s economic backbone – its farmers and their families – is in collapse. They face crushing pressures: insurmountable debt, environmental degradation, and extreme rates of cancer linked to exposure to pesticides. This strain is compounded by climate change and extreme weather – from ground water depletion to water shortages and crop damage due to rising temperatures – effects which have been tied to increasing suicides in India. Many are subsistence farmers who are drowning in the volatility caused by the Green Revolution which began in the 1960s as a way of industrializing the agriculture sector with high yielding seeds, mechanized tools and pesticides. In some cases, farmers cannot work their land due to illness linked to the revolution’s pesticides and fertilizers. They are dealing with deep-rooted battles against multinational corporations. And all the while having to take out loans each year to make the agricultural cycle possible. And then, when farmers are unable to get loans from legitimate banks, illegal moneylenders ... step in, charging exorbitant interest rates and creating an inescapable debt-trap for farmers, in some instances pushing them to suicide.
Note: Watch a compelling talk by food sovereignty advocate Vandana Shiva, who explains how the "Green Revolution" doesn't bring any gain in food security, and has done more harm than good in India. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.
Nearly half of Americans believe Covid vaccines have probably caused a significant number of unexplained deaths, according to a Rasmussen Reports survey. Rasmussen reported that a near equal proportion worry that Covid vaccines may have major side effects (57%) as believe they are effective (56%). The mRNA vaccines ... were authorized by the Food and Drug Administration on an emergency basis after only 10 months of testing. Vaccine trials usually take about 10 years. The FDA in December 2020 decided it couldn’t wait for an exhaustive study and authorized the Pfizer and Moderna vaccines after two large randomized controlled trials showed they were nearly 95% effective against symptomatic infection. But patients had been tracked for only a few months. The trials included too few participants to identify relatively rare adverse effects, especially among those of different age groups or with particular medical conditions. Public-health officials couldn’t conclude with any certainty whether the vaccines cause, for example, neurological symptoms in 1 of every 100,000 recipients or cardiac problems in 1 of every 10,000 young men. While the FDA later granted both vaccines full approval, boosters were never tested in large clinical trials. Nor has the government’s recommended vaccine regimen, which for seniors has been five doses in less than two years. The internet is full of stories of unexplained deaths that follow vaccines, many of which may be coincidence but some of which may not.
Note: Media coverage is increasing about the questionable efficacy and safety of the COVID vaccines. If almost half of Americans believe COVID vaccines likely caused a significant number of unexplained deaths, why is the FDA now proposing annual COVID vaccinations? For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Vaccine-makers sought to shape content moderation actions at Twitter. Stronger, a campaign run by Public Good Projects, a public health nonprofit specializing in large-scale media monitoring programs, regularly communicated with Twitter on regulating content related to the pandemic. The firm worked closely with the San Francisco social media giant to help develop bots to censor vaccine misinformation and, at times, sent direct requests to Twitter with lists of accounts to censor and verify. Internal Twitter emails show regular correspondence between an account manager at Public Good Projects, and various Twitter officials, including Todd O’Boyle, lobbyist with the company who served as a point of contact with the Biden administration. The content moderation requests were sent throughout 2021 and early 2022. The entire campaign ... was entirely funded by the Biotechnology Innovation Organization, a vaccine industry lobbying group. BIO, which is financed by companies such as Moderna and Pfizer, provided Stronger with $1,275,000 in funding for the effort, which included tools for the public to flag content on Twitter, Instagram, and Facebook for moderation. Many of the tweets flagged by Stronger contained absolute falsehoods. But others hinged on a gray area of vaccine policy through which there is reasonable debate, such as requests to label or take down content critical of vaccine passports and government mandates to require vaccination.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines and media manipulation from reliable sources.
The US’s transition to electric vehicles could require three times as much lithium as is currently produced for the entire global market, causing needless water shortages, Indigenous land grabs, and ecosystem destruction inside and outside its borders, new research finds. It warns that unless the US’s dependence on cars in towns and cities falls drastically, the transition to lithium battery-powered electric vehicles by 2050 will deepen global environmental and social inequalities linked to mining – and may even jeopardize the 1.5C global heating target. But ambitious policies investing in mass transit, walkable towns and cities, and robust battery recycling in the US would slash the amount of extra lithium required in 2050 by more than 90%. In fact, this first-of-its-kind modeling shows it is possible to have more transport options for Americans that are safer, healthier and less segregated, and less harmful mining while making rapid progress to zero emissions. If Americans continue to depend on cars at the current rate, by 2050 the US alone would need triple the amount of lithium currently produced for the entire global market, which would have dire consequences for water and food supplies, biodiversity, and Indigenous rights. Lithium mining is, like all mining, environmentally and socially harmful. More than half the current lithium production, which is very water intensive, takes place in regions blighted by water shortages that are likely to get worse due to global heating.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The food served at the suburban San Francisco school system, Mount Diablo Unified, reflects a trend away from mass-produced, reheated meals. Its lunch menus are filled with California-grown fruits and vegetables, grass-fed meats and recipes that defy the stereotype of inedible school food. Among American schoolchildren, these students are in the lucky minority. Making fresh meals requires significant investment and, in many areas, an overhaul of how school kitchens have operated for decades. What’s more, federal money to boost lunch budgets has declined. The government last year ended a pandemic-era program offering free school meals to everyone. A few states, such as California, have been paying to keep meals free for all students, but most states went back to charging all but the neediest kids for meals. Increases in money from California’s state government have made it possible for Mount Diablo to buy fresher local ingredients and hire the chef, Josh Gjersand, a veteran of Michelin-starred restaurants. Local farms, bakers, creameries and fishermen now supply most ingredients to the district, which serves 30,000 students from wealthy and low-income communities east of San Francisco. Making food from scratch isn’t just healthier, it’s cheaper, many school nutrition directors say. In 2021, California committed to spending $650 million annually to supplement federal meal reimbursements — money for food, staff, new equipment and other upgrades.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Jacque Fresco is an inspiration to many, with his innovative ideas and blue prints for a sustainable society and planet that reject the current models of mass consumerism and self-destruction. His latest venture, called The Venus Project, advocates what Fresco has coined as a “resource-based economy”, a society which runs on socio-cooperation and which utilizes the methodology of science and the advancements in technology in one of the cleanest and most energy efficient systems ever conceptualized. Located in Venus, Florida, The Venus Project is a research center which develops innovations in the fields of freelance inventing, industrial engineering, and conventional architectural modeling. The Venus Project aims to answer the question, how can we utilize technology wisely so that there is more than enough for everyone on our planet? To make this happen, Fresco proposes that a planning process must first occur, where the entire infrastructure of the planet is re-worked. This means the planet working together as one, eliminating the false borders that separate continents and countries and looking at our planet as an open trading highway system. The Venus Project works to showcase the amazing and inspiring potential of computers and technology, and to help people understand that it is not technology that is responsible for the deterioration of the planet and society, but rather it is the abuse and misuse of machines and automated technology for selfish benefits that we should be weary of.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Fifty years ago, Congress voted to override President Richard Nixon’s veto of the Clean Water Act. It has proved to be one of the most transformative environmental laws ever enacted. At the time of the law’s passage, hundreds of millions of gallons of raw sewage was dumped by New York City into the Hudson River every day. This filth was compounded by industrial contaminants emptied into the river along much of its length. The catch basin for all of this was New York Harbor, which resembled an open sewer. At its worst, 10 feet of raw human waste blanketed portions of the harbor bottom. Health advisories against eating fish from the Hudson remain, but its ecology has largely recovered, thanks to the law, which imposed strict regulations on what could be discharged into the water by sewage treatment plants, factories and other sources of pollution. Today people swim in organized events in New York Harbor, which would have been unthinkable in 1972 when the law was passed. Across the country, billions of dollars were also spent to construct and improve sewage treatment plants, leading to recoveries of other urban waterways. Cleaner water has made the harbor far more hospitable, and other steps have helped to rebuild life there, like fishing restrictions and the removal of some dams on tributaries in the Hudson River watershed. The bald eagle has made a strong comeback, taking advantage of the harbor’s resurgent fish life. In December 2020 a humpback whale was seen in the Hudson just one mile from Times Square.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A new de-classified US government report on UFO sightings by US troops has revealed hundreds of new cases. The US National Intelligence office is now aware of 510 reported sightings, an increase over the 144 compiled in the spy agency's first 2021 assessment. Nearly half of the new sightings were deemed "unremarkable" and attributed to human origins, according to the report. However, more than 100 of the encounters remain unexplained. The report says that encounters with UFOs - which the government calls Unidentified Aerial Phenomena (UAPs) - continue "to occur in restricted or sensitive airspace, highlighting possible concerns for safety" and national security. The report was issued in part to help "destigmatise" experiences with UFOs and improve air safety. And it says increased reports of encounters are indeed the result of "a concentrated effort to destigmatise the topic of UAP and instead recognise the potential risks that it poses as both a safety of flight hazard and potential adversarial activity", the report states. It goes on to say that 171 sightings still remain "uncharacterised and unattributed" - meaning, not enough information was collected to effectively identify them. "Some of these uncharacterised UAP appear to have demonstrated unusual flight characteristics or performance capabilities, and require further analysis," the report says. The reports are being examined by the All-domain Anomaly Resolution Office (AARO), an office in the Pentagon created last year to review UAP incidents.
Note: For more along these lines, see concise summaries of deeply revealing news articles on UFOs from reliable major media sources. Then explore the excellent, reliable resources provided in our UFO Information Center.
A new Pentagon office set up to track reports of unidentified flying objects has received “several hundred” new reports, but no evidence so far of alien life. The All-domain Anomaly Resolution Office (AARO) was set up in July and is responsible for not only tracking unidentified objects in the sky, but also underwater or in space – or potentially an object that has the ability to move from one domain to the next. The office was established following more than a year of attention on unidentified flying objects that military pilots have observed but have sometimes been reluctant to report due to fear of stigma. In June 2021 the Office of the Director of National Intelligence reported that between 2004 and 2021, there were 144 such encounters, 80 of which were captured on multiple sensors. Since then, “we’ve had lots more reporting”, said anomaly office director Sean Kirkpatrick. When asked to quantify the amount, Kirkpatrick said “several hundreds”. This May, Congress held its first hearing in more than half a century on the topic, with members expressing concern that – whether or not the objects are alien or potentially new technology being flown by China, Russia or another potential adversary – the unknown creates a security risk. So far, “we have not seen anything, and we’re still very early on, that would lead us to believe that any of the objects that we have seen are of alien origin”, said Ronald Moultrie, under secretary of defense for intelligence and security. “Any unauthorized system in our airspace we deem as a threat.”
Note: Read an in-depth essay by former Deputy Assistant Secretary of Defense for Intelligence Christopher Mellon questioning why this important topic is being dismissed by the major media when reported at all. 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.
Covid-19 is deadly, but so were the draconian steps taken to mitigate it. During the first two years of the pandemic, “excess deaths”—the death toll above the historical trend—markedly exceeded the number of deaths attributed to Covid. In a paper we just published in Inquiry, based on data from the Centers for Disease Control and Prevention, we found that “non-Covid excess deaths” totaled nearly 100,000 a year in 2020 and 2021. Even these numbers likely overestimate deaths from Covid and underestimate those from other causes. The official count of “Covid deaths” includes people who tested positive but died of other causes. What are non-Covid excess deaths? During the pandemic, deaths from accidents, overdoses, alcoholism and homicide all soared, as did deaths from hypertension, heart disease and diabetes. From April 2020 through December 2021, deaths from Covid averaged 350,000 a year for Americans 65 and older, 100,000 a year for those 45 to 64, and 20,000 a year for those 18 to 44. That produced excess deaths for these age groups of 16%, 19% and 11% respectively. The CDC data show the rate of non-Covid excess deaths in the first half of 2022 was even higher than 2020 or 2021. These deaths therefore likely already exceed 250,000, disproportionately among young adults. We now have more overdose deaths each year than all military deaths of the last 60 years combined. Homicides, accidents and alcohol deaths are collectively running tens of thousands per year above pre-pandemic norms.
Note: The above was written by Rob Arnott and Casey B. Mulligan. Mr. Arnott founded asset management firm Research Affiliates. Mr. Mulligan was chief economist for the White House Council of Economic Advisers. For more along these lines, watch an articulate interview discussing excess deaths since 2021 that aren't linked to COVID-19, yet are most likely associated with the rollout of the COVID vaccines.
Some vaccine advisers to the federal government say they're "disappointed" and "angry" that government scientists and the pharmaceutical company Moderna didn't present a set of infection data on the company's new Covid-19 booster during meetings last year when the advisers discussed whether the shot should be authorized and made available to the public. That data suggested the possibility that the updated booster might not be any more effective at preventing Covid-19 infections than the original shots. US taxpayers spent nearly $5 billion on the new booster, which has been given to more than 48.2 million people. "I was angry to find out that there was data that was relevant to our decision that we didn't get to see," said Dr. Paul Offit, a member of the Vaccines and Related Biological Products Advisory Committee, a group of external advisers that helps the FDA make vaccine decisions. The data that was not presented to the experts looked at actual infections: who caught Covid-19 and who did not. It found that 1.9% of the study participants who received the original booster became infected. Among those who got the updated bivalent vaccine ... a higher percentage, 3.2%, became infected. A 22-page FDA briefing document given to the advisers did not mention this infection data. Dr. Jerry Weir, director of the Division of Viral Products at the FDA's Office of Vaccines Research and Review, also did not mention the infection data in his presentation to the advisers.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and coronavirus vaccines from reliable major media sources.
Job growth and wages are slowing. This is music to the ears of Federal Reserve chair Jerome Powell, because the Fed blames inflation on rising wages. The Fed has been increasing interest rates to slow the economy and thereby reduce the bargaining power of workers to get wage gains. But aren’t higher wages a good thing? The typical American worker’s wage has been stuck in the mud for four decades. Most of the gains from a more productive economy have been going to the top – to executives and investors. The richest 10% of Americans now own more than 90% of the value of shares of stock owned by Americans. Powell’s solution to inflation is to clobber workers even further. But if the demand for workers exceeds the supply, isn’t the answer to pay workers more? Not according to Powell and the Fed. Their answer is to continue to raise interest rates to slow the economy and put more people out of work, so workers can’t get higher wages. The Fed projects that as it continues to increase interest rates, unemployment will rise to 4.6% by the end of 2023 – resulting in more than 1m job losses. The problem isn’t that wages are rising. The real problem is that corporations have the power to pass those wage increases – along with record profit margins – on to consumers in the form of higher prices. If corporations had to compete vigorously for consumers, they wouldn’t be able to do this. Competitors would charge lower prices and grab those consumers away.
Note: The above was written by former US Secretary of Labor Robert Reich. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality from reliable major media sources.
At the World Economic Forum in Davos, Switzerland this week, the public relations juggernaut Edelman will publish the latest edition of its “trust barometer”, an annual survey that purports to measure whether people around the world trust businesses, governments, NGOs and the media. There’s just one problem: even as Edelman promotes its brand and pursues clients with stern warnings about the importance of trust, critics charge the company appears reluctant to follow its own advice. The firm’s clients have ranged from ExxonMobil to the Saudi government and members of the Sackler family, the former owners of the opioid manufacturer Purdue Pharma. Successful PR firms do more than simply promote and spin – they actually infuse the public discourse with their clients’ perspectives. “These companies are trying not just to manage trust, but to make trust,” [media studies professor Melissa] Aronczyk said. “And if they themselves are the owners of that survey, or barometer, or whatever it is, then, of course, they become the proprietors of that kind of value.” Edelman’s most effective case study might be the firm itself. It has managed to cultivate a reputation for trust even as its business model appears regularly to contradict its advice and its CEO’s admonitions. Over the past four years Edelman has signed about $9.6m worth of deals with the government of Saudi Arabia and companies controlled by the regime, while simultaneously urging businesses to stand up for human rights.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
Oxfam has called for immediate action to tackle a post-Covid widening in global inequality after revealing that almost two-thirds of the new wealth amassed since the start of the pandemic has gone to the richest 1%. In [a] report to coincide with the annual gathering of the global elite at the World Economic Forum in Davos, the charity said the best-off had pocketed $26tn (£21tn) in new wealth up to the end of 2021. That represented 63% of the total new wealth, with the rest going to the remaining 99% of people. Oxfam said extreme concentrations of wealth led to weaker growth, corrupted politics and the media, corroded democracy and led to political polarisation. The report called on governments to introduce immediate one-off wealth levies on the richest 1%, together with windfall taxes to clamp down on profiteering during the global cost of living crisis. Subsequently, there should be a permanent increase in taxes on rich. In support of its call for redistribution of wealth, Oxfam said: Food and energy companies had more than doubled their profits in 2022, paying out $257bn to wealthy shareholders at a time when more than 800 million people were going hungry. Only 4 cents in every dollar of tax revenue came from wealth taxes, and half the world’s billionaires lived in countries with no inheritance tax. A tax of up to 5% on the world’s multimillionaires and billionaires could raise $1.7tn a year, enough to lift 2 billion people out of poverty, and fund a global plan to end hunger.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
The US Food and Drug Administration announced the resignations of two top vaccine officials on Tuesday, and reports said the two were leaving in anger over the Biden administration's plan to roll out COVID-19 booster shots before officials had a chance to approve it. Dr. Marion Gruber, the director of the FDA's Office of Vaccines Research and Review, and her deputy, Dr. Philip Krause, plan to leave the FDA. Dr. Peter Marks, the director of the FDA's Center for Biologics Evaluation and Research, praised the pair for their work during the COVID-19 pandemic. He didn't give a reason for their departures. But sources told ... Politico that Gruber and Krause were upset with Biden administration's booster-shot plan. One former senior FDA leader [said] that Gruber and Krause were leaving because they felt that the Centers for Disease Control and Prevention was making vaccine decisions that should have been left to the FDA and were upset with Marks, the leader of their division, for not insisting on the agency's oversight. The source said the final straw was the Biden administration's announcing the booster-shot plan before the FDA had officially signed off on it. A former FDA official told Politico that the resignations were tied to anger over the FDA's lack of autonomy in booster planning.
Note: We don’t use Business Insider as a normal reliable source, but in this case, the major media (like this CNN article) avoids linking this decision to the boosters. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and coronavirus vaccines from reliable major media sources.
Important Note: 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.
