News Summaries from the WantToKnow.info Archive
Mainstream media often buries important news stories. PEERS is a US-based 501(c)3 nonprofit that finds and summarizes these stories for WantToKnow.info's free weekly email newsletter and website. Explore below key excerpts of revealing news articles from our archive that were published on today's date in previous years. Each excerpt is taken verbatim from the major media website listed at the link provided. The most important sentences are highlighted. If you find a link that no longer works, please tell us about it in a comment. And if you find this material overwhelming or upsetting, here's a message just for you. By educating ourselves and spreading the word, we can and will build a brighter future.
Rise of the Super-Rich Hits a Sobering Wall
Published on this day in 2009, by New York Times
Original Article Source, Dated 2009-08-21
The rich have been getting richer for so long that the trend has come to seem almost permanent. They began to pull away from everyone else in the 1970s. By 2006, income was more concentrated at the top than it had been since the late 1920s. The recent news about resurgent Wall Street pay has seemed to suggest that not even the Great Recession could reverse the rise in income inequality. But economists say — and data is beginning to show — that a significant change may in fact be under way. The rich, as a group, are no longer getting richer. Over the last two years, they have become poorer. And many may not return to their old levels of wealth and income anytime soon. Last year, the number of Americans with a net worth of at least $30 million dropped 24 percent. Few economists expect the country to return to the relatively flat income distribution of the 1950s and 1960s. Indeed, they say that inequality is likely to remain significantly greater than it was for most of the 20th century. In 2007, the top one ten-thousandth of households took home 6 percent of the nation’s income, up from 0.9 percent in 1977. It was the highest such level since at least 1913, the first year for which the I.R.S. has data. The top 1 percent of earners took home 23.5 percent of income, up from 9 percent three decades earlier.
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Internet Providers' New Tool Raises Deep Privacy Concerns
Published on this day in 2008, by Washington Post
Original Article Source, Dated 2008-08-21
If you're reading this story on our Web site, I don't know what you did online before you reached this page. But your Internet provider might if it engages in something called deep packet inspection. That phrase may sound like what the Transportation Security Administration does to uncooperative airline passengers, but on the Internet it means a thorough and automatic inspection of online traffic -- not just where you've been but also what you've seen. Peering inside the digital packets of data zipping across the Internet -- in real time, for tens of thousands of users at once -- was commercially impractical until recently. But the ceaseless march of processing power has made it feasible. Unsurprisingly, companies have been trying to turn this potential into profit. By tracking users' Web habits this closely, they can gain a much more detailed picture of their interests -- and then display precisely targeted, premium-priced ads. The House Committee on Energy and Commerce recently asked dozens of providers to explain whether they had done any such testing. Most companies said they had yet to try the technology and had no plans to do so. (Although AT&T allowed that "if done properly," deep packet inspection "could prove quite valuable to consumers.") Taking these companies at their word, what's there to worry about? Systems such as deep packet inspection unnerve a lot of Internet users for sound reasons. One is, of course, the immensely greater surveillance they allow. Another concern is the difficulty of circumventing this constant tracking. The machinery of deep packet inspection hides out of reach in your provider's servers.
Note: Read the complete summary and notes here
Tech companies' leftover food benefiting S.F. needy
Published on this day in 2014, by San Francisco Chronicle (SF's leading newspaper)
Original Article Source, Dated 2014-08-21
Catching a glimpse of the Food Runners bicycle courier pulling a trailer fully loaded with trays of food might become something of a downtown San Francisco rite of passage. Food Runners, established by Mary Risley in 1987, takes food that would otherwise be thrown away and delivers it to needy people at Community Awareness & Treatment Services, A Woman's Place, Cityteam Ministries and Door Clinic, among many others. With the amount of donated food now coming in, Risley hopes to expand deliveries to after-school programs as well. A year ago, Risley estimates that Food Runners was picking up 10 tons of food a week; today, that number is up 50 percent, to 15 tons. There are about 100 new donors, and nearly all of them are tech companies - familiar names like Twitter, Zynga, LinkedIn, Uber, Google, Adobe and Airbnb, just to name a few, plus caterers like Cater2Me and ZeroCater that service small startups. "Millennials have found us," says Risley. "Anything you say about the Millennials being out of it is not true. Well, maybe they are out of it, but not when it comes to generosity." ZeroCater, which caters to eBay and FourSquare, among others, estimates that a company usually orders about one pound of food per person. Since the head count varies from day to day and extra food is always ordered, a good amount is left over. That is where Food Runners comes in. The company - be it caterer or restaurant - calls Food Runners. The food gets picked up and delivered the same day. Food Runners' No. 1 message to the public should be clear, says Risley: Don't throw food away.
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Fire, Not Explosives, Felled 3rd Tower on 9/11, Report Says
Published on this day in 2008, by New York Times
Original Article Source, Dated 2008-08-21
Fires in the 47-story office tower at the edge of the World Trade Center site undermined floor beams and a critical structural column, federal investigators [from the National Institute of Standards and Technology] concluded on Thursday, as they attempted to curb still-rampant speculation that explosives caused the building’s collapse on Sept. 11, 2001. The collapse of 7 World Trade Center ... is cited in hundreds of Web sites and books as perhaps the most compelling evidence that an insider secretly planted explosives, intentionally destroying the tower. [Critics] have pointed to the fact that the building fell straight down, instead of tumbling, as proof that explosives were used to topple it, as well as to bring down the twin towers. Sixteen percent of the respondents in a Scripps Howard/Ohio University poll said it was very likely or somewhat likely that explosives were planted. Other towers in New York, Philadelphia and Los Angeles have remained standing through catastrophic blazes that burned out of control for hours because of malfunctioning or nonexistent sprinkler systems. But 7 World Trade Center, which was not struck by a plane, is the first skyscraper in modern times to collapse primarily as a result of a fire. Adding to the suspicion is the fact that in the rush to clean up the site, almost all of the steel remains of the tower were disposed of, leaving investigators in later years with little forensic evidence. Skeptics ... have long argued that an incendiary material called thermite, made of aluminum powder and a metal oxide, was used to take down the trade center towers. They also have argued that a sulfur residue found at the World Trade Center site is evidence of an inside job.
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Why was a Navy adviser stripped of her career?
Published on this day in 2012, by Washington Post
Original Article Source, Dated 2012-08-21
It was 2007, and [Gwenyth] Todd, then 42, was a top political adviser to the U.S. Navy’s 5th Fleet. Previous 5th Fleet commanders had resisted various ploys by Bush administration hawks to threaten the Tehran regime. But in spring 2007, a new commander arrived with an ambitious program to show the Iranians who was boss in the Persian Gulf. Vice Adm. Kevin J. Cosgriff ... was itching to push the Iranians, Todd and other present and former Navy officials say. Cosgriff’s idea, presented in a series of staff meetings, was to sail three “big decks,” as aircraft carriers are known, through the Strait of Hormuz — to put a virtual armada, unannounced, on Iran’s doorstep. No advance notice, even to Saudi Arabia and other gulf allies. Not only that, they said, Cosgriff ordered his staff to keep the State Department in the dark, too. To Todd, it was like something straight out of “Seven Days in May,” the 1964 political thriller about a right-wing U.S. military coup. Todd feared that the Iranians would respond, possibly by launching fast-attack missile boats into the gulf or unleashing Hezbollah on Israel. Then anything could happen: a collision, a jittery exchange of gunfire — bad enough on its own, but also an incident that Washington hawks could seize on to justify an all-out response on Iran. Preposterous? It had happened before, off North Vietnam in 1964. In the Tonkin Gulf incident, a Navy captain claimed a communist attack on his ship. President Lyndon Johnson swiftly ordered the bombing of North Vietnam, touching off a wider war that turned the country upside down and left more than 58,000 U.S. servicemen dead.
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A Few Speculators Dominate Vast Market for Oil Trading
Published on this day in 2008, by Washington Post
Original Article Source, Dated 2008-08-21
Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when the Commodity Futures Trading Commission examined Vitol's books last month, it found that the firm was in fact more of a speculator, holding oil contracts as a profit-making investment rather than a means of lining up the actual delivery of fuel. Even more surprising to the commodities markets was the massive size of Vitol's portfolio -- at one point in July, the firm held 11 percent of all the oil contracts on the regulated New York Mercantile Exchange. The discovery revealed how an individual financial player had gained enormous sway over the oil market without the knowledge of regulators. Other CFTC data showed that a significant amount of trading activity was concentrated in the hands of just a few speculators. The CFTC ... now reports that financial firms speculating for their clients or for themselves account for about 81 percent of the oil contracts on NYMEX, a far bigger share than had previously been stated by the agency. That figure may rise in coming weeks as the CFTC checks the status of other big traders. Some lawmakers have blamed these firms for the volatility of oil prices, including the tremendous run-up that peaked earlier in the summer. "It is now evident that speculators in the energy futures markets play a much larger role than previously thought, and it is now even harder to accept the agency's laughable assertion that excessive speculation has not contributed to rising energy prices," said Rep. John D. Dingell (D-Mich.).
Note: Read the complete summary and notes here
Oakland congresswoman wages lonely battle over president’s war authority
Published on this day in 2017, by San Francisco Chronicle (San Francisco's leading newspaper)
Original Article Source, Dated 2017-08-21
Sixteen years ago, Rep. Barbara Lee was the sole member of Congress to vote against authorizing the U.S. invasion of Afghanistan. Throughout the presidencies of Bush and Barack Obama, Lee waged a lonely crusade to repeal the war resolution initially aimed at al Qaeda’s Sept. 11, 2001, attacks on New York and Washington. Last month, she won a stunning victory when a bipartisan House committee voted to repeal the authorization in an amendment to the 2018 defense spending bill. But her win was short-lived. House Republican leaders stripped the amendment from the bill without a vote in a late-night maneuver that blocked Lee from leading a larger House debate on the president’s use of military force without further approval by Congress. The 2001 authorization was passed by Congress three days after the 9/11 attacks. “It was hastily written; it was overly broad; it was 60 words,” Lee said. Citing the Congressional Research Service, a nonpartisan arm of Congress, Lee said presidents have used the authorization at least 37 times since the initial Afghanistan invasion in October 2001. The [current] administration, Lee noted, has proposed severe cuts to domestic spending to pay for a bigger military. Escalating the Afghanistan conflict, she said, will come at the expense of “schools and infrastructure and jobs and health care - all the nation-building resources that we need here, here in my own district. “Yet they’re cutting these programs to fund these wars, and that’s ... unfair to the country,” she said.
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Spill Bound BP, Feds Together
Published on this day in 2010, by ABC News/Associated Press
Original Article Source, Dated 2010-08-21
For months, the U.S. government talked with a boot-on-the-neck toughness about BP, with the president wondering aloud about whose butt to kick. But privately, it worked hand-in-hand with the oil giant to cap the runaway Gulf well and chose to effectively be the company's banker -- allowing future drilling revenues to potentially be used as collateral for a victim compensation fund. Now, with a new round of investigative hearings set to begin [today] on BP's home turf and the disaster largely off the front pages, there's worry BP PLC could get a slap on the wrist from its behind-the-scenes partner. That could trickle down to states hurt by the spill and hoping for large fines because they may share in the pie. In the past few weeks, public messages from BP and the government have been almost in lockstep. The government even released a report — criticized by academic researchers and some lawmakers as too rosy — asserting that much of the oil released into the Gulf is gone, playing into BP's message that its unprecedented response effort is working. Rep. Darrell Issa, R-Calif., said Thursday that White House support for the oil report shows the administration's "pre-occupation with the public relations of the oil spill has superseded the realities on the ground."
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How the Social Mission of Ben & Jerry’s Survived Being Gobbled Up
Published on this day in 2015, by New York Times
Original Article Source, Dated 2015-08-21
Ben Cohen and Jerry Greenfield founded their gourmet ice creamery in 1978 ... to make the world’s best ice cream, to run a financially successful company and to “make the world a better place.” When Unilever, the Anglo-Dutch consumer goods conglomerate, offered to buy the company in 2000 for a rich 25 percent premium ... they worried that Unilever would abandon the progressive aspects of the business. But as a public corporation, Ben & Jerry’s had a fiduciary duty to its shareholders. It agreed to a deal. Very quickly, some of their worst fears were realized. A production plant and a distribution center were shuttered. Sales representatives at headquarters were fired. But today ... Ben & Jerry’s [remains] as mission-driven as ever. The recipe for this amicable partnership was written into the acquisition agreement. Unilever established an “external board” charged with overseeing Ben & Jerry’s culture and social mission [that] does not report to any authority other than itself, nominates its own members, has the right to sue Unilever and will exist in perpetuity. Even with the external board in place, a question remained: How many of Ben & Jerry’s ambitious initiatives could a multinational like Unilever reasonably be expected to support? The answer, it turned out, was most of them. The company now offers its lowest-paid workers more than twice the national minimum wage. It uses only cage-free eggs. And recently, Ben & Jerry’s became a B Corporation, [to certify its] high social and environmental standards.
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With best wishes for a transformed world,
Mark Bailey and Fred Burks for PEERS and WantToKnow.info
