Did Biden Call for an 'End to Shareholder Capitalism'?
In the summer of 2020, multiple readers asked Snopes to investigate claims that former U.S. Vice President and presumptive Democratic presidential nominee Joe Biden had called for an end to "shareholder capitalism." In July and August, Facebook users shared posts that contained the following text: users shared posts "Biden wants to end Shareholder Capitalism...that's your 401[k]...your pensions...your retirement...are you voting for that?"   Another social media meme suggested that Biden's proposals would result in the destruction or liquidation of 401(k) pension savings:   Those memes did not accurately reflect remarks made by Biden in July 2020 on the subject of "shareholder capitalism." At a July 9 event in Dunmore, Pennsylvania, Biden gave a relatively conventional stump speech, hitting on several familiar themes  his working-class upbringing in nearby Scranton, the values he inherited from his family, and his vision for an American economy that, according to him, places less emphasis on corporate profit, and a greater emphasis on rewarding hard work and smaller-scale entrepreneurship, especially in the context of the COVID-19 coronavirus pandemic, which devastated some smaller businesses and left millions unemployed.  As part of this broader "Wall Street versus Main Street" theme, Biden said the following (emphasis added): theme Enough is enough, it's time reverse the priorities in this country. It's time to help small businesses, middle-class folks, manage their way through a pandemic, and let's help millions of would-be entrepreneurs get out from under their debts so they can start businesses. And it's time corporate America paid their fair share of taxes...The days of Amazon paying nothing in federal income tax will be over. Let's make sure that workers have a power, and the voice. It's way past time to put an end to the era of shareholder capitalism  the idea [that] the only responsibility a corporation has is to its shareholders. That's simply not true, it's an absolute farce. They have responsibility to their workers, their community, to their country. That isn't [a] new or radical notion. These are basic values and principles that helped build this nation in the first instance. Now the challenge is to take these fundamental values, and apply them to the new economy we have to build in the years ahead..."  Biden did not propose dissolving the stock market, or prohibiting the public trading of companies, or shareholder investment and dividend. In saying "It's way past time to put an end to the era of shareholder capitalism," Biden was taking a position in a long-running ethical debate between "shareholder" and "stakeholder" theories. One academic has helpfully summed up that philosophical conflict as follows: summed up Shareholder theory asserts that shareholders advance capital to a companys managers, who are supposed to spend corporate funds only in ways that have been authorized by the shareholders. As Milton Friedman wrote, "There is one and only one social responsibility of business  to use its resources and engage in activities designed to increase its profits so long as it  engages in open and free competition, without deception or fraud." wrote On the other hand, stakeholder theory asserts that managers have a duty to both the corporations shareholders and "individuals and constituencies that contribute, either voluntarily or involuntarily, to [a companys] wealth-creating capacity and activities, and who are therefore its potential beneficiaries and/or risk bearers." Although there is some debate regarding which stakeholders deserve consideration, a widely accepted interpretation refers to shareholders, customers, employees, suppliers and the local community. In the short video below, philosopher and professor of business administration R. Edward Freeman  arguably the primary advocate for stakeholder theory  outlines the approach:  Biden characterized the era of shareholder capitalism as one in which the following idea holds sway  "[that] the only responsibility a corporation has is to its shareholders." His rejection of that principle was classic stakeholder theory: "That's simply not true, it's an absolute farce. They [companies] have responsibility to their workers, their community, to their country." We asked the Biden campaign for details on any specific proposals the former vice president had, or how exactly he envisioned an end to "the era of shareholder capitalism," but we did not receive a response in time for publication.  Although those details were not available, it's clear that Biden was not calling for the abolition of shareholding itself. Rather, he proposed bringing an end to the era of shareholder capitalism, meaning an end to the predominance of that particular ethical approach and a new gravitation towards the stakeholder-driven approach, a position that, whether or not one agrees with its tenets, has in recent years become orthodox among progressives, within the Democratic party, and even among business leaders themselves. In 2019, for example, the Business Roundtable  an influential group of chief executive officers of some of the largest companies in the United States  executed a high-profile shift in its approach, writing: writing "Since 1978, Business Roundtable has periodically issued Principles of Corporate Governance that include language on the purpose of a corporation. Each version of that document issued since 1997 has stated that corporations exist principally to serve their shareholders. It has become clear that this language on corporate purpose does not accurately describe the ways in which we and our fellow CEOs endeavor every day to create value for all our stakeholders, whose long-term interests are inseparable." What Biden called for in his Dunmore speech was therefore, as he rightly said, not a "new or radical notion." It was not an end to the stock market nor the ability of individuals to buy and sell shares, and therefore it was not a proposal that would cause pensions to evaporate, as several Facebook memes falsely claimed. Corporate Finance Institute. "Main St. vs Wall Street: The Mutual Dependence and Conflicts Between the Two."
  7 July 2020. Smith, H. Jeff. "The Shareholders vs Stakeholders Debate."
  The Sloan Management Review, Massachussetts Institute of Technology." 15 July 2003. Friedman, Milton. "The Social Responsibility of Business is to Increase its Profits."
  The New York Times. 13 September 1970. Business Roundtable. "Statement on the Purpose of a Corporation."
  19 August 2019.
Virus:  FBI vs. Facebook virus lure. Status:  Real. Example:   [Collected via e-mail, July 2008]  Origins:  The "FBI vs. Facebook" mailings are new lures for an existing virus (rather than a new form of virus), but since they've garnered so much attention, we've created this separate entry for them. The mailings, which began in July 2008, typically arrive with a subject line of "F.B.I. vs. Facebook" and include the text "F.B.I. Facebook Records" with a link to what appears to be a news site.  However, clicking through on the link will initiate the download of an malicious executable (fbi_facebook.exe) onto recipients' PCs, while something like the screen shot shown above displays to trick users into believing they're merely visiting an innocuous news site. All of this camouflage is cover for propagation of the Storm worm, a virus which has been around for a few years and has been spread via many guises.  Because this particular incarnation invokes the name and symbol of the Federal Bureau of Investigation (FBI), that agency has issued a press release to warn the public about the misleading  messages: Storm press release FBI Warns of Storm Worm Virus The FBI and its partner, the Internet Crime Complaint Center (IC3), have received reports of recent spam e-mails spreading the Storm Worm malicious software, known as malware. These e-mails, which contain the phrase "F.B.I. vs. facebook," direct e-mail recipients to click on a link to view an article about the FBI and  Facebook, a popular social networking website. The Storm Worm virus has also been spread in the past in e-mails advertising a holiday e-card link. Clicking on the link downloads malware onto the Internet connected device, causing it to become infected with the virus and part of the Storm Worm botnet.A botnet is a collection of compromised computers under the remote command and control of a criminal "botherder." Most owners of the compromised computers are unsuspecting victims. They have unintentionally allowed unauthorized access and use of their computers as a vehicle to facilitate other crimes, such as identity theft, denial of service attacks, phishing, click fraud, and the mass distribution of spam and spyware. Because of their widely distributed capabilities, botnets are a growing threat to national security, the national information infrastructure, and the economy. "The spammers spreading this virus are preying on Internet users and making their computers an unwitting part of criminal botnet activity. We urge citizens to help prevent the spread of botnets by becoming web-savvy. Following some simple computer security practices will reduce the risk that their computers will be compromised," said Special Agent Richard Kolko, Chief, FBI National Press Office. Everyone should consider the following:  Do not respond to unsolicited (spam) e-mail.  Be skeptical of individuals representing themselves as officials soliciting personal information via e-mail.  Do not click on links contained within an unsolicited e-mail.  Be cautious of e-mail claiming to contain pictures in attached files, as the files may contain viruses. Only open attachments from known senders.  Validate the legitimacy of the organization by directly accessing the organization's website rather than following an alleged link to the site.  Do not provide personal or financial information to anyone who solicits information.  Last updated:  6 August 2008    Sources:   Colker, David.  "Don't Open 'FBI vs. Facebook' E-Mail, Lest You Loose the Storm Worm."   Los Angeles Times.  3 August 2008.    Durkin, Mike.  "FBI vs Facebook Email Thread Has 'Storm Worm' Virus."    FOXNews.com.  30 July 2008. During an all-candidates Democratic forum in Rock Hill, S.C., on Nov. 6, 2015, host Rachel Maddow of MSNBC asked Bernie Sanders how he could win the support of African-American voters, a crucial Democratic voting group in the early primary state of South Carolina. Maddow noted that Sanders was polling at 8 percent in a recent poll in South Carolina and asked if he would be able to convince African-American voters that he could press for their issues. Sanders responded in part by citing his economic platform, which he said would positively impact African-Americans. I have the economic and social justice agenda now that, once we get the word out, will, in fact, resonate with the African-American community,Sanders said. We're talking about raising the minimum wage to $15 an hour. Over half of the black workers in this country earn less. We wondered whether Sanders was right that over half of the black workers in this country earn less than $15 an hour. So we took a closer look. We turned to themost recent data from the Bureau of Labor Statistics, which, among other things, tracks the median weekly earnings of full-time wage and salary workers by race. The bureaus data for the third quarter of 2015 shows that the median weekly earnings for African-American workers was $624. If you divide that by the standard 40 hours in a workweek, it works out to $15.60 per hour. That means that half of African-American workers earned less than $15.60. So Sanders was close on this but exaggerated slightly. His claim is off by a little more than 4 percent. When we asked Sanders campaign for their source, they pointed us to areportissued earlier this month from the National Employment Law Project that found that 54.1 percent of African-American workers earned less than $15.00 an hour. The group calculated that figure using data from 2012 through 2014. Thats a reasonable measurement, but while our figure covers a briefer period of time, its also more current, reflecting the continued economic growth since the end of 2014. Our ruling Sanders said that over half of the black workers in this country earn less than $15 an hour. Depending on the time frame used, the data shows that roughly half of black workers earn less than $15. The most recent data shows that half earn less than $15.60, which is a little higher than what Sanders said, but his number is not far off. We rate his claim Mostly True. On Nov. 24, 2022, a Facebook user posted a picture of a blue owl. However, blue owls are not real, meaning that the image was a fake. posted  The post from Nov. 24 was shared at least 2,000 times in a little over one week. It was the earliest posting of the picture that we have found so far. On Twitter, the fake blue owl picture, which showed cat-like whiskers for the animal, received hundreds of thousands of likes. For example, this tweet from@jimrosecircus1 was posted on Dec. 1, 2022. It showed nearly 150,000 likes by the next day. The caption read, "I hope you don't mind this adorably majestic blue owl in your newsfeed." tweet  Under the tweet, Twitter added a context note that read, "There is no such thing as blue owl. It looks really good but unfortunately it's not true." On Dec. 2, the @daily__owls Twitter account also posted the fake picture of the blue owl with the misleading caption, "The beautiful Norwegian Blue owl." posted  According to Brittanica.com, "owls vary in color from white through many shades of tan, gray, brown, or rufous (reddish) to deep brown." Despite the beauty of the blue and orange owl in the picture, it's just not real. Brittanica.com Hoax hunter @HoaxEye tweeted of the blue owl image that it may have been generated by artificial intelligence (AI). The tweet also tagged the user @Valdevia_Art, who added that they believed it was likely not as simple as a color change in Adobe Photoshop. Instead, the user said that it "does seem AI-generated." tweeted added said This wasn't the first time a picture of a purportedly blue owl made its way around social media. In 2021, USA Today's fact-check team debunkeda picture of what online posts referred to as a "blue Philippines owl." VisitCryptoVille.com previously published a story about the same picture five years earlier. debunked picture story Back in 2019, AFP filed a report about a "beautiful blue owl of Madagascar," which also was fake. report At Snopes, we've previously fact-checked photos purporting to show a multicolored "rainbow owl" (fake) and a "rare red owl with blue eyes" (also fake). rainbow owl rare red owl with blue eyes This story will be updated if we find more details about the origins of the blue owl picture. As noted by some knowledgeable Twitter users, it may have simply been generated by AI. @Daily__Owls. Twitter, 2 Dec. 2022, https://twitter.com/Daily__Owls/status/1598613376992792576. @HoaxEye. Twitter, 2 Dec. 2022, https://twitter.com/hoaxeye/status/1598734104396079104. @jimrosecircus1. Twitter, 1 Dec. 2022, https://twitter.com/jimrosecircus1/status/1598366192817045504. "Owl - Appearance and Classification." Britannica.Com, https://www.britannica.com/animal/owl/Form-and-function. Sadeghi, McKenzie. "Fact Check: Viral Image Claiming to Be a Blue Philippine Owl Is Doctored." USA TODAY, 22 Feb. 2021, https://www.usatoday.com/story/news/factcheck/2021/02/22/fact-check-viral-image-purported-blue-philippine-owl-doctored/4533533001/. Salah, Dr. Muhammad. "Just Admire the Beauty of Allah's Creation!" Facebook, 24 Nov. 2022, https://www.facebook.com/MSalahOfficial/posts/pfbid0TazmyskVgTA2axagkDCMNrAUqheW4LRPz91UvMUaK3v6xywK5JgrQHjLy6YysK61l. "The Blue Owl of the Philippines 19-31." VisitCryptoVille.com, 19 Jan. 2016, https://visitcryptoville.com/2016/01/19/the-blue-owl-of-the-philippines-19-31/. @Valdevia_Art. Twitter, 2 Dec. 2022, https://twitter.com/valdevia_art/status/1598752209935560706. Yan, Rachel. "No, This Is Not a Genuine Photo of a Blue Owl in Madagascar." AFPFact Check, 4 June 2019, https://factcheck.afp.com/no-not-genuine-photo-blue-owl-madagascar. In early 2019, several progressive Democratic politicians who were frequent headline subjects  including Rep. Alexandria Ocasio-Cortez of New York, Sen. Bernie Senators of Vermont, and Rep. Ilhan Omar of Minnesota  were often tagged by critics with the word "socialist," used as a pejorative. At the recently concluded Conservative Political Action Conference (CPAC), for example, Republicans warned of "radical" Democrats "embracing socialism." News accounts proclaimed that "Republicans are determined to paint Democrats as out-of-control, out-of-their minds socialists." CPAC accounts That political climate touched off the online circulation of a memetic quote from 33rd U.S. President Harry S. Truman, who purportedly fended off similar attacks on Democrats in 1952 by declaring that "socialism" was a "scare word [Republicans] have hurled at every advance the people have made in the last 20 years":  The circulated meme was an accurate reproduction of a portion of a campaign speechTruman delivered from the rear platform of a train in Syracuse, New York, on 10 October 1952. (Truman himself was not a candidate for re-election that year, but he stumped for the Democratic ticket, headed by Illinois Gov.Adlai Stevenson II). Much of Truman's speech was a caustic rebuke of Republicans (and their presidential nominee, General Dwight D. Eisenhower), whom Truman characterized as having "opposed almost all our programs to help the economic life of the country" and "having blindly turned [their] back on the tradition of public action for the public good": speech [Republican Senator Robert] Taft explained that the great issue in this campaign is "creeping socialism." Now that is the patented trademark of the special interest lobbies. Socialism is a scare word they have hurled at every advance the people have made in the last 20 years. Socialism is what they called public power. Socialism is what they called social security. Socialism is what they called farm price supports. Socialism is what they called bank deposit insurance. Socialism is what they called the growth of free and independent labor organizations. Socialism is their name for almost anything that helps all the people. When the Republican candidate inscribes the slogan "Down With Socialism" on the banner of his "great crusade," that is really not what he means at all. What he really means is, "Down with Progress -- down with Franklin Roosevelt's New Deal," and "down with Harry Truman's fair Deal." That is what he means. Truman had earlier touched on the idea of "socialism" as a Republican scare word during an address he delivered at a Better Business Bureaus dinner on 6 June 1950, leading into a sardonic joke about New York Gov. Thomas E. Dewey (the unsuccessful Republican presidential nominee in the 1944 and 1948 elections): address I know that you have been hearing a lot of charges lately about Government interference with business, about the undermining of the free enterprise system, and about "creeping socialism." In short, you have been hearing that the Government is doing everything possible to wreck every industry in the country. Nothing could be further from the truth. The record shows that the Government action in recent years has been the salvation of private enterprise ... I know there are some people who still don't believe that the policies of the Government have had anything to do with our present prosperity. That reminds me of a story I heard on my recent nonpolitical trip. It seems that there was a rock-ribbed old gentleman of a political persuasion, shall we say, somewhat different from mine. One of his friends asked him what man to vote for for President in 1952. "Well," he said, "I would like to vote for Dewey." "Dewey!" said the friend. "Why Dewey?" "Well," he said, "I voted for him the last two times, in 1944 and in 1948, and business has never been so good as it is today" ... The funny thing is that this has all been said before. The current campaign is almost exactly like the campaign of the old Liberty League, back in 1935 and 1936. I was in that campaign, too, by the way. It uses the same old slogans, the same old scare words, and the same old falsehoods. The only difference is that it sounds even more foolish now than it did 14 years ago. Lightman, David.  "Accusations of Socialism Drive GOP's 2019 (and 2020) Playbook."   The [Tacoma] News Tribune.  12 February 2019. Pappas, Alex.  "At CPAC, Conservatives Warn of 'Radical' Dems Embracing Socialism, Trump Impeachment."   Fox News.  28 February 2019. Truman, Harry S.  "Address at a Dinner of the Better Business Bureaus."   The American Presidency Project.  6 June 1950. Truman, Harry S.  "Rear Platform and Other Informal Remarks in New York ."   The American Presidency Project.  10 October 1952. In September 2021, British health officials announced the launch of the worlds largest trial of a blood test capable of detecting more than 50 types of cancer before symptoms appear.  50 types of cancer Headed by The Cancer Research UK, the National Health Service (NHS) in England, and Kings College London, the so-named Galleri trial aims to recruit 140,000 volunteers across eight areas of England. Galleri checks for the earliest signs of cancer. If it's successful, its ability to catch cancer during its earliest stages could be a game-changer in the fight against the disease.  NHS Kings College London This quick and simple blood test could mark the beginning of a revolution in cancer detection and treatment here and around the world, said NHS Chief Executive Amanda Pritchard in a news release. By finding cancer before signs and symptoms even appear, we have the best chance of treating it and we can give people the best possible chance of survival. news release While its early cancer detection ability holds promise, Galleri does not diagnose cancer and does not detect all forms of the disease. Blood drawn from a participant is tested for chemical changes in fragments of the bloods genetic code known as cell-free DNA (cfDNA), which leaks from tumors into the bloodstream. Previous research conducted by Galleri founding company Grail showed that the test was effective at finding cancers that are difficult to identify early on, like head and neck, bowel, lung, pancreatic, and throat cancers.  As of this writing, Galleri is not approved by the U.S. Food and Drug Administration (FDA) but was granted a breakthrough device designation in 2019 under a government-led voluntary program for certain medical devices "that provide for more effective treatment or diagnosis of life-threatening or irreversibly debilitating diseases or conditions." The test joins two other similar tumor-testing tests that were approved in the U.S., according to the consumer publication Evaluate. Galleri is available in the U.S. for $949, and is available for prescription only. Because it is new to the market and does not have FDA approval, the test is not covered by health insurance.  Galleri granted breakthrough device Evaluate prescription only  Galleri is designed to detect more than 50 types of cancer. Grail  Grail   Galleri doesnt rule out cancer, but instead helps providers to evaluate and confirm whether and where cancer may exist. It is intended to be used in coordination with other screening practices and is not a replacement but rather a method to inform the next steps of diagnosis.  For the British trial, tens of thousands of recruitments between the ages of 50 and 77  those most at risk for cancer  will be asked to give blood samples at mobile testing clinics across the country. Regardless of their results, the test is designed to detect cancer signals such as cfDNA and predict where in the body those signals exist. Half of the participants in the randomized control trial will have blood samples screened with the test right away, while the other half will have their sample stored and tested in the future. This will allow researchers to compare the stage at which cancer is detected between the two groups. Regardless, study participants will be notified if their test signals potential cancer.  Early cancer detection during stage one or two allows for more treatment options, some of which can be less aggressive and harmful. Patients whose cancer is identified at the earliest stage may see up to ten times the survival rate compared to a person who learned of cancer at stage four.  Those who give blood as part of the British trial will be invited to participate in later stages of the trial one and two years later. Initial results are expected by 2021 and if successful, researchers plan to extend the rollout to 1 million people by 2025.  Sources GRAIL Announces Significant Progress with Multi-Cancer Early Detection Test Including FDA Breakthrough Device Designation. GRAIL, https://grail.com/press-releases/grail-announces-significant-progress-with-multi-cancer-early-detection-test-including-fda-breakthrough-device-designation/. Accessed 13 Sept. 2021. Grail Launches Pan-Cancer Screen  for Those Who Can Pay out of Pocket. Evaluate.Com, 4 June 2021, https://www.evaluate.com/vantage/articles/news/snippets/grail-launches-pan-cancer-screen-those-who-can-pay-out-pocket. Health, Center for Devices and Radiological. Breakthrough Devices Program. FDA, Jan. 2021. www.fda.gov, https://www.fda.gov/medical-devices/how-study-and-market-your-device/breakthrough-devices-program. Kings Leads the Worlds Largest Trial of Cancer Blood Test. https://www.kcl.ac.uk/news/kings-leads-the-worlds-largest-trial-of-cancer-blood-test. Accessed 13 Sept. 2021. NHS England NHS Launches World First Trial for New Cancer Test. https://www.england.nhs.uk/2021/09/nhs-launches-world-first-trial-for-new-cancer-test/. Accessed 13 Sept. 2021. https://www.england.nhs.uk/2021/09/nhs-launches-world-first-trial-for-new-cancer-test/. Accessed 13 Sept. 2021. Our Products. GRAIL, https://grail.com/our-products/. Accessed 13 Sept. 2021. Editor's Note: The Associated Press reported that John Madden died at the age of 85 on Dec. 28, 2021. The fact check below pertains to a hoax that circulated online in 2014 and 2016. John Madden died   A rumor about Hall of Fame coach John Madden's alleged death started circulating online in April 2016:  The rumor started after the web site LockerDome put up a link to a fake news article, which was published on 29 April 2014 by the entertainment web site Empire Sports: NFL fans cover your eyes, Super Bowl winning head coach John Madden was found this morning dead at his Pleasanton, California home. Paramedics responded to a call made early this morning and found the 78 year old Hall-of-Fame coach sitting upright on his couch with a microphone in his hand. The Pleasantville Medical Examiner has not released the cause of death but no foul play is suspected. There was no truth to this story when it was initially published in 2014. There was still no truth to this fake news item when it recirculated two years later, at a time when John Madden was still alive and well at 80 years old (not 78). Empire Sports, like the related Empire News, is one of many "satire and entertainment" web sites that publishes only hoax stories: many Empire Sports uses invented names in all its stories, except in cases when public figures are being satirized. Any other use of real names is accidental and coincidental. LockerDome is an interest-based social network that started as a place for sports fans to gather online but later expanded to include other interests. LockerDome network Update [Dec. 28, 2021: Update to report that John Madden died on Dec. 28, 2021. In a free-wheeling interview on the Fox News Network, Bill O'Reilly and Hillary Clinton mixed it up over gas prices, health care, and taxes. On taxes, Clinton and O'Reilly argued about what tax rates were like when their fathers were working. Clinton: You were growing up on Long Island. I was growing up outside of Chicago. You know, my dad got up every day. He was a small business man. He worked his head off, but he didn't feel like the deck was stacked against him. He thought, OK, I'm going to be treated fairly if I do my part. O'Reilly: Here's where you're wrong. In my neighborhood, Levittown, there was no income distribution at all. There was earning money. And you kept most of it because taxes were really low. Clinton: That is not true. Look at the tax rates in the '40s, the '50s, and the '60s. O'Reilly: For the wealthy they were high, but not for my dad. Clinton: Well, so why don't we go back to what we had in the '50s and the '60s then? Go back to 70 percent... O'Reilly: Because there were no wealthy people then. There were very, very few. Clinton: When President Kennedy made that dramatic announcement he was going to cut the top rate from 90 percent to 70 percent, people stood up and cheered. All I want to do is get back to what worked in the '90s. We wondered who was right in this exchange and what the tax rates were when Clinton and O'Reilly were young. Today, tax rates range from 10 percent for lower incomes to 35 percent for the highest incomes. (See a chart of tax rates over timefrom the Tax Foundation here.) Kennedy urged tax cuts that went into effect in 1964. Prior to that, tax rates started at 20 percent for the lowest bracket and went up to 91 percent for the highest bracket. The rates were similar throughout the 1940s and 1950s. We looked at incomes and tax rates in 1963, then adjusted for inflation and looked at today's tax rates. We found: * A person making $2,500 a year in 1963 was taxed at 22 percent. Today that would be $17,445, taxed at 15 percent. * A person making $5,000 a year in 1963 was taxed at 26 percent. Today that would be $34,890, taxed at 25 percent. * A person making $10,000 a year in 1963 was taxed at 34 percent. Today that would be $69,780, taxed at 25 percent. * A person making $15,000 a year in 1963 was taxed at 47 percent. Today that would be $104,670, taxed at 28 percent. * A person making $25,000 a year in 1963 was taxed at 59 percent. Today that would be $174,450, taxed at 33 percent. The 1963 rates are higher than today's rates. It's true that the tax code is substantially different today, with many credits and rules that didn't exist then. But on the question of income tax rates, we find that Hillary Clinton has her history right. We rate her statement True. As social media users sorted through a flurry of news articles, opinion pieces, calls for boycotts, and other hot takes in September 2018 about Colin Kaepernick's involvement in a new Nike ad campaign, some stumbled across what appeared to be a news article reporting that Ford USA was following Nike's example by making the former NFL quarterback the face of their new ad campaign: articles   This item was not a social media link to a genuine news article, nor did the featured image show a genuine Ford advertisement featuring Colin Kaepernick. This item was created as a joke for the political humor section of the Reddit social news site. Kaepernick became a controversial figure in 2016 when he started kneeling during the pre-game performance of the U.S. national anthem in protest of racial inequality and police brutality. A number of conservative football fans, including President Trump, maintained that Kaepernick's protest was disrespectful to veterans, so when Nike announced that the former football star would be featured in their latest ad campaign, social media users urged each other to boycott the brand and started posting images purportedly showing them destroying various pieces of Nike apparel. 2016 Twitter user @Patterico apparently found the videos of people burning their shoes to be amusing but noted that the entertainment value would increase if people were burning Ford F-150 trucks instead: I'll pay Ford $10 if they put Kaepernick in a commercial for F-150s so I can watch some dumbass torch his pickup on Twitter, who's with me  Patterico (@Patterico) September 4, 2018 September 4, 2018  Reddit user u/fakenewsanchorman saw this tweet and decided to create a fake news item (note the username) stating that Ford USA had indeed named Kaepernick as their new brand ambassador. On 5 September 2018, his meme was posted to the Political Humor subreddit under the title "Please Make This Actually Happen." Political Humor That Reddit user admitted in the comments section that his image did not reflect a genuine news item, but we double-checked with FoxNews.com to see if reporter Judson Berger had filed any such report. This article does not appear on Berger's author page nor anywhere else on the Fox News web site. author page This bit of fake news may have sparked sparked interest in a genuine, albeit outdated, article about Ford's stance on the national anthem protests. In September 2017, the company officially took the side of the protesting players, saying that they respected the "individuals' right to express their views": article "We respect individuals' rights to express their views, even if they are not ones we share," the company said. "That's part of what makes America great" ... Martha Firestone Ford, owner and chairwoman of the Detroit Lions and a member of the Ford family, issued a statement criticizing President Trump for his comments. "Our game has long provided a powerful platform for dialogue and positive change in many communities throughout our nation," she said. "Negative and disrespectful comments suggesting otherwise are contrary to the founding principles of our country, and we do not support those comments or opinions." Abad-Santos, Alex.  "Why the Social Media Boycott Over Colin Kaepernick Is a Win for Nike."
  Vox.  6 September 2018. Sandritter, Mark.  "A Timeline of Colin Kaepernicks National Anthem Protest and the Athletes Who Joined Him."
  SB Nation.  25 September 2017. Wiener-Bronner, Danielle.  "Ford: We Respect the Right of NFL Players to Protest."
  CNN.  25 September 2017. [Collected via e-mail, 2003] After anthropologist Susan McKinley came back home from an expedition in South America, she noticed a very strange rash on her left breast. Nobody knew what it was and she quickly dismissed it believing that the sores would leave in time. Upon her return she decided to see a doctor after she started developing intense pains. The doctor, not knowing the exact severity of the case, gave her antibiotics and special creams. As time elapsed the pain did not subside and her left breast became more inflamed and started to bleed. She decided to bandage her sores however as Susan's pain grew more intense she decided to seek help from a more certified doctor. Dr. Lynch could not diagnose the infection and told Susan to seek the aid of one of his colleagues who specialized in dermatology whom was sadly on vacation. She waited for two weeks and finally was able to reach the dermatologist. Sadly, a life changing event was about to unfold during her appointment.  To Miss McKinley's surprise, after she removed the bandages, they found larva growing and squirming within the pores and sores of her breast. Sometimes these wicked creatures would all together simultaneously move around into different crevices. What she didn't know was that the holes were in fact, deeper than she had originally thought for these larvae were feeding off the fat, tissue, and even milk canals of her bosom. The holes were 5 cm deep. She was operated on and the larva was removed from her breast. Therefore always take a slight rash serious and have the eggs removed before it is to late. Cheers and may the creatures leave you in peace. [Collected via e-mail, 2005] Read the article first before looking at the picture and film. This looks horrible. Oh my God!!!!!!! Ladies this could happen to you and Guys this could happen to your wife, girlfriend, partner so please BEWARE,and also warn others. (see the 2 files attached) It has been reported that this is happening in Zimbabwe as well, please make sure you iron your undergarments before you wear them and make sure that your clothes are ironed when they are dry and not damp. The picture is horrible but I felt that I should share with you. [Collected via e-mail, 2006] ALL, PLEASE WASH ALL BRAS, UNDERWEAR WHEN YOU BUY BEFORE WEARING THEM. WE DO NOT KNOW WHAT PARASITE IS IN OUR CLOTHES WHEN WE BUY THEM. FORWARD TO EVERYBODY YOU KNOW. LET ME FORE WARN YOU THIS IS SO SQUIMISH, I FEEL LIKE SOMETHING IS CRAWLING ALL OVER ME EVEN AS I SEND THIS TO YOU. BE AWARE. IT IS SO GROTESQUE.PLEASE WASH YOUR UNDERWEAR BEFORE WEARING. PREFERABLY IN BOILING HOT WATER. This is not for the weak, I have never seen anything like this. Read the article first before looking at the picture and film. This looks horrible. Oh my God!!!!!!! [Collected via e-mail, March 2007] YOU MUST READ BELOW BEFORE OPENING THE PICTURES. SHARE THIS WITH, DAUGHTERS, SISTERS, FRIENDS...ANY WOMAN My brother was recently telling me of a news story he heard regarding a flesh-eating bacteria found in new clothing shipments to the USA. These are the first pictures I have seen regarding that very subject. After seeing the attached photos, I understand the gravity of what he was telling me. This is something that is a very real and very serious concern as you will see. Ladies / gentelmens please make it a habit from this point forward to wash your just purchased undergarments before wearing them.Or spinning them in the dryer. This is sensitive. Please share with as many women and men that you know. Our undergarments are made in different parts of the country, sit in boxes and go through many hands and exchanges before we purchasethem for ourselves. TO ALL , PLEASE WASH ALL BRAS, UNDERWEAR ( ALL CLOTHING ) WHEN YOU BUY BEFORE WEARING THEM. YOU CAN THROW THEN IN THE DRYER FOR A QUICK SPIN TO KILL THE PARASITES TOO !! WE DO NOT KNOW WHAT PARASITE IS IN OUR CLOTHES WHEN WE BUY THEM. FORWARD TO EVERYBODY YOU KNOW. The attached photos are not for the weak hearted. This item is another example of a common online phenomenon: Someone makes an image available, the picture begins to circulate through sharing, the original attribution or explanation for the image gets lost along the way (or was never provided), people begin to make up stories to explain the origin of the now-sourceless picture, and those fabricated explanations become attached to the image as it continues to circulate. We've seen this phenomenon before in the maggot photographs (disturbing image warning), only in this case it isn't just the explanation that's fabricated; the image is a phony one created through digital manipulation as well. maggot This image appeared on the internet back in June 2003 (on a web site with a collection of other manipulated photographs); at that time it carried no explanation at all and was soon attributed by others to some new type of "body modification." Not until a couple of months later did it pick up the story about an anthropologist named "Susan McKinley" who returned from a South American expedition to notice a "very strange rash" on her breast caused by "larvae" which were "feeding off the fat, tissue, and even milk canals of her bosom." No known medical condition causes a result like the one depicted here, and the breast tissue around the supposed "larvae infestation" (larvae of what?) is too healthy (no redness, inflammation, or necrosis) to be believable. This image appears to be the product of the melding of a photograph of a woman's breast and a picture of something similar to a lotus seed pod:   In 2005 someone combined the picture and text quoted in the example above with an existing video clip that seemingly showed maggot-like creatures being removed by forceps from a woman's infected breast, and in November 2005 we began seeing versions that claimed the patient had developed her condition due to the flooding of New Orleans caused by Hurricane Katrina in August 2005:  My aunt, Head Nurse at Tulane Memorial hospital in New Orleans Louisiana sent me this email. The attached video is that of a female patient who, due to the flooding of her home wore the same clothes for days. The contamination in the water was so bad she first broke out with a rash on her breast and then she had a lump on her breast and she popped it and puss excreted from the lump. After treating it herself for days she finally went to seek medical attention and when she did they foundserious infection! They later sedated the patient and found that these insects were within the fatty tissues of her breast and within the milk producing glands (sorry not a medic), she is also 3 months pregnant! And to think, we though Rita was bad on us! If you pay attention you can see them moving in and out, gross, but one of the issues they are now dealing with in New Orleans with patients. The referenced clip was a genuine video, but it had no connection to Hurricane Katrina. It showed the treatment of a Nigerian patient with breast lesions and multiple sinuses containing Tumbu fly larvae. (Fourteen separate larvae were eventually extracted from the breast.) The authors of a 2004 medical journal article on the case noted at the time that only "one case has been reported in the English literature." article In 2006, someone combined the following text with a series of photographs of patients experiencing what look like severe rashes, infections, and necrosis of the upper chest and breasts. The specific origins of these photos are unknown to us, but they likely depict the advanced stages of breast cancer. (WARNING: Viewers may find the pictures displayed in this link disturbing.) photographs In May 2021, news articles and widely-shared social media posts reported that an Ohio State Senator had been caught driving during an official Zoom video conference, and even used a fake "office" background. Ohio On May 6, Brody Logan, a reporter at the NBC affiliate KSEE in Fresno, California, posted a short video to Twitter, along with the following text: text "This Ohio State Senator thought he was slick, using a Zoom background of his home office while driving... debating a bill for harsher penalties for distracted driving..."      Similarly, Newsweek published an article with the headline "Ohio Senator Uses Zoom Office Background While Driving During Hearing on Distracted Driving Bill." The report went on: Newsweek An Ohio state Republican senator participated in a virtual Zoom meeting regarding distracted driving legislation while using an office background as he drove his vehicle this week. During the 13-minute meeting of the Ohio Controlling Board on Monday, State Senator Andrew Brenner could be seen fiddling with his phone, while also turning his camera on and off as he drove with the office background displayed. Andrew Brenner did drive during the Zoom call, and he did use a fake "office" background. However, the meeting had nothing to do with distracting driving, which was an important component of much of the commentary surrounding the incident, since it provided a significant element of irony. As a result, we're issuing a rating of "Mixture." The incident in question took place during the May 3, 2021 meeting of the Ohio Controlling Board, a body that provides legislative oversight of statewide spending, procurement and investment in Ohio.  body The video can be watched in full on the Ohio Channel website, here.  here When Brenner first appears, he is clearly sitting in a parked car, not wearing a seatbelt:   He disappears from view for a short while, then reappears, this time with his camera zoomed in on his face. Around the 3:30 mark, his background abruptly shifts from his car, to a fake "office":   Brenner then disappears from view again, and when he becomes visible again around one minute later, he can clearly be seen driving the car, with his seatbelt on, and the "office" backdrop still in place:   In an interview with the Columbus Dispatch, Brenner admitted he was driving during the meeting, but denied being distracted: Columbus Dispatch "I wasn't distracted. I was paying attention to the driving and listening to it (the meeting,)" Brenner said. "I had two meetings that were back to back that were in separate locations. And I've actually been on other calls, numerous calls, while driving. Phone calls for the most part but on video calls, I'm not paying attention to the video. To me, it's like a phone call." On the same day as the Ohio Controlling Board meeting took place, May 3, Republicans in the state house introduced House Bill 283, which would enhance and expand Ohio's existing prohibition against distracted driving and using electronic devices while driving. House Bill 283 However, after watching the full Ohio Controlling Board meeting from that day, as well as checking its agenda, it's clear that none of the participants even mentioned House Bill 283, specifically, or distracted driving more broadly. That particular claim, as made by Newsweek and Logan, was inaccurate.  agenda