Corporate Corruption Media Articles

Excerpts of Key Corporate Corruption Media Articles in Major Media

Below are key excerpts of revealing news articles on corporate corruption 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.

Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

Bechtel - a behemoth among closely held companies - has been the world’s builder, benefiting from vast government contracts for engineering and infrastructure work in difficult places while it nurtured relationships with power brokers in Washington. In The Profiteers, journalist Sally Denton seeks to unravel the history of Bechtel. Her story is one of “how a dynastic line of rulers from the same American family conducts its business” and how its system of networking now pervades US capitalism. Anecdotes of Bohemian Grove, the secretive retreat that became an all-male “summer camp” for US corporate, political and military elites to toast marshmallows, skinny-dip in the river north of San Francisco and dress in drag for skits, elucidate the chummy nature of big business. As of 2014, [Bechtel's] reported revenue was $37bn, with projects and employees in 37 countries. The corporation’s embrace of Saudi Arabia as a lucrative client and its decades-long and contorted experience in Iraq also makes sense of some aspects of US foreign policy - as well as its intelligence-gathering operations. The life and times of John McCone, a former Bechtel executive who later served as CIA director in the US administrations of Presidents Kennedy and Johnson, is chronicled deftly here. It is worth noting: McCone was and is critical to Bechtel’s dominance today. He devised the idea of “cost-plus contracts” for the toughest jobs sought by government. Contractors are guaranteed a profit in such deals.

Note: Bechtel was at the center of a major Iraqi reconstruction scandal in 2007. More recently, major defense contractors have been publicly congratulating themselves for steering US policy towards militarism. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

A trust called DE First Holdings was quietly formed in Delaware. A day later, the entity dropped $1 million into a super PAC. The trust, whose owner remains unknown, is part of a growing cadre of mystery outfits financing big-money super PACs. Many were formed just days or weeks before making six- or ­seven-figure contributions - an arrangement that ... violates a long-standing federal ban on straw donors. But the individuals behind the “ghost corporations” appear to face little risk of reprisal from [the] Federal Election Commission. The 2016 campaign has already seen the highest rate of corporate donations since the Supreme Court unleashed such spending with its 2010 Citizens United v. FEC decision. One out of every eight dollars collected by super PACs this election cycle have come from corporate coffers, including millions flowing from opaque and hard-to-trace entities. Such groups, which can accept unlimited donations ... are on track to far exceed the $86 million they gave to super PACs in the entire 2012 presidential cycle. A significant share of the money is coming from newly formed LLCs. Several campaign finance watchdog groups have filed complaints with the FEC against the recent pop-up LLCs, but the chances of the agency’s looking into the cases appear slim. Last month, the agency closed a nearly five-year-old complaint about a limited liability company allegedly used to mask a donor’s identity — unable to even agree whether it merited investigation.

Note: The "Koch Empire" alone plans to spend $889 million on US elections in 2016. For more along these lines, see concise summaries of deeply revealing news articles about elections corruption and the manipulation of public perception. Then explore the excellent, reliable resources provided in our Elections Information Center.

Oklahoma used to be a seismic afterthought, a place with so few earthquakes that in the 1990s it was one of three locations where the Soviets were allowed to monitor American nuclear testing. Today, however, Oklahoma is one of the most seismic places on the planet. In 2015, the state had 907 earthquakes that were 3-magnitude or greater compared with just one in 2007. Scientists say the growth in seismicity is directly related to the oil and gas industry, specifically the use of disposal wells that reinject back into the earth salty wastewater that comes up naturally during drilling. An estimated 3 billion barrels of water came out of the ground in 2015, and its reinjection has increased pressure on the state’s fault lines, triggering hundreds of tremors in western and central Oklahoma. The state, meanwhile, has been slow to respond. Critics say officials are too reliant on the industry to take any meaningful steps that would put real pressure on the industry, especially at a time when the price of oil has fallen by 70% since 2014. Many Oklahomans are ... concerned that a big one will hit a populated area like Oklahoma City. Of equal concern are the long-term consequences of disposing billions of barrels of water back underground. Some seismologists say that even if all disposal activity stopped in the state immediately, there could be earthquakes for decades.

Note: It's interesting to note that this entire article for some reason avoids using the term fracking. The fracking industry has tried and failed to prevent the public from understanding the cause of these earthquakes.

News that Ketchum Inc., the public relations firm leading the charge to promote chemical-dependent GMO agriculture, is launching a new “specialty group” to capture a slice of the growing organic food market caught many food industry players by surprise last week. Ketchum’s new branch, called “Cultivate,” is pitching itself to “help purpose-driven brands with a natural, organic, and sustainable focus.” The news comes as Ketchum remains a key player in PR efforts to dampen demand for organic foods, spinning messages that tell consumers organics are over-priced and over-hyped. In 2013, Monsanto hired Ketchum’s parent company, Omnicom, to “reshape” its reputation amid fierce opposition to GMOs, according to the Holmes Report. Ketchum now works closely with Monsanto and the agrichemical industry on its massively funded PR efforts to promote genetically engineered food and crops, stop GMO labeling, downplay concerns about pesticides, counteract consumer advocates and convince consumers that organic food is no different from conventional food. A closer look at Ketchum’s past and current activities turns up more reasons that purpose-driven organic and natural food companies might want to steer clear of Ketchum’s “Cultivate” branch. Emails from the late 1990s indicate that Ketchum was involved in espionage against nonprofit groups that were raising concerns about GMOs. Ketchum ... has worked to undermine consumer advocates and the organic foods industry. It would be unwise for organic companies to hire the PR firm.

Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and the manipulation of public perception.

Doctors at the University Hospitals of Cleveland see an immediately recognizable symbol pop up alongside certain drugs when they sign in online these days to prescribe medications for patients: $$$$$. The dollar signs, affixed by hospital administrators, carry a not-so-subtle message: Think twice before using this drug. Pick an alternative if possible. The ... approach is just one of the strategies hospitals nationwide are using to try to counter drug costs. The increases often involved brand-name drugs with little or no competition as well as commonly used generics around for decades. Among those tagged were Nitropress and Isuprel, injectable heart medications that are a staple at many hospitals. Their 2015 list prices rose more than 200 percent and 500 percent, respectively. Hospital officials around the United States point to similar experiences, saying their predicament illustrates one dimension of a broken prescription-drug system. A recent Bloomberg Business survey of about 3,000 brand-name prescription drugs found that prices had more than doubled for 60 medications since December 2014 and at least quadrupled for 20. Prices for many other drugs continued to rise at 10 percent or more annually. “The patient doesn’t initially see the price increase,” said Scott Knoer, chief pharmacy officer at the Cleveland Clinic. “But it raises the cost for the hospital. Eventually, it catches up and it raises the cost for insurance companies, which is passed on to employers, employees and taxpayers.”

Note: For more along these lines, see concise summaries of deeply revealing big Pharma profiteering news articles from reliable major media sources.

The pernicious influence of "economic hit men" has spread around the globe. John Perkins revealed his first-hand experience of this violent and coercive phenomenon. Now, in The New Confessions of an Economic Hit Man, he brings this story of greed and corruption up to date. The treacherous cancer beneath the surface, which was revealed in the original Confessions of an Economic Hit Man, has ... spread from the economically developing countries to the United States and the rest of the world; it attacks the very foundations of democracy and the planet's life-support systems. Although this cancer has spread widely and deeply, most people still aren't aware of it; yet all of us are impacted by the collapse it has caused. It has become the dominant system of economics, government, and society today, [and] created a "death economy" - one based on wars or the threat of war, debt, and the rape of the earth's resources. Although the death economy is built on a form of capitalism, it is important to note that the word capitalism ... includes local farmers' markets as well as this very dangerous form of global corporate capitalism, controlled by the corporatocracy. Despite all the bad news and the attempts of modern-day robber barons to steal our democracy and our planet ... when enough of us perceive the true workings of this EHM system, we will take the individual and collective actions necessary to control the cancer and restore our health.

Note: Read a revealing seven-page summary of Economic Hit Man and spread the word!

New research suggests that Splenda - an artificial sweetener recently considered safe - may contribute to serious health problems like cancer. The study, published in the International Journal of Occupational and Environmental Health, found that mice fed sucralose daily throughout their lives developed leukemia and other blood cancers. In response to the findings, the Center for Science in the Public Interest - a nutrition watchdog group that assesses the safety of food additives - has now formally recommended that consumers avoid the sweetener. That's a big deal, considering that until 2013, they'd rated the additive as "safe." This new evidence was especially powerful because it was funded without special interests in mind, explains Lisa Lefferts, MSPH, senior scientist at the CSPI. "For most food additives, the safety studies are conducted by the manufacturers who have financial incentives," Lefferts says. Even if you discount this new mouse study, you'll still find plenty of reasons to skip out on sucralose. A growing body of research shows that artificial sweeteners may actually cause weight gain, not weight loss. One study found drinking diet soda was linked to increased belly fat; in another, each daily can was associated with a 41% jump in obesity risk. Sucralose has even been shown to mess with your blood sugar and insulin levels, causing spikes and dips that could lead to cravings later on. The bottom line: the scientists at the CSPI firmly believe you should steer clear of sucralose.

Note: Food additive manufacturers use the same deceptive tactics that Big Tobacco was found guilty of. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.

Japan's prime minister at the time of the 2011 earthquake and tsunami has revealed that the country came within a “paper-thin margin” of a nuclear disaster requiring the evacuation of 50 million people. In an interview with The Telegraph ... Naoto Kan described the panic and disarray at the highest levels of the Japanese government as it fought to control multiple meltdowns at the crippled Fukushima Daiichi nuclear power station. He said he considered evacuating the capital, Tokyo, along with all other areas within 160 miles of the plant, and declaring martial law. Mr Kan admitted he was frightened and said he got “no clear information” out of Tepco, the plant’s operator. He was “very shocked” by the performance of Nobuaki Terasaka, his own government’s key nuclear safety adviser. “We asked him – do you know anything about nuclear issues? And he said no, I majored in economics.” Another member of Mr Kan’s crisis working group, the then Tepco chairman, Tsunehisa Katsumata, was last week indicted on charges of criminal negligence for his role in the disaster. Mr Kan lost the prime ministership later in 2011. The former leader said that “a lot of the accident was caused before March 11” by the complacency and misjudgment of Tepco, a verdict echoed by the official inquiry, which dubbed the nuclear accident a “man-made disaster”. The criminal investigation which led to last week’s charges against Mr Katsumata and two other Tepco managers found that they had known since June 2009 that the plant was vulnerable.

Note: For more along these lines, see concise summaries of deeply revealing news articles on the Fukushima Nuclear Plant disaster.

Several EU countries could scupper plans by the European commission to approve the relicensing of a weedkiller linked to cancer. The vote to relicense glyphosate, a key ingredient in herbicides such as Monsanto’s multibillion-dollar brand Roundup, had been scheduled at a two-day meeting of experts from the EU’s 28 member states, which begins on Monday. But officials are now saying that they may postpone the vote rather than lose it, raising the prospect of a legal limbo for glyphosate, the licence for which runs out in June. France, the Netherlands and Sweden have all said they will not support an assessment by the European food safety authority (Efsa) that glyphosate is harmless. That ruling ran counter to findings by the WHO’s cancer agency that glyphosate was “probably carcinogenic to humans”, causing a bitter row over scientific methodology and industry influence. The Swedish environment minister, Ĺsa Romson, said: “We won’t take risks with glyphosate and we don’t think that the analysis done so far is good enough. We will propose that no decision is taken until further analysis has been done and the Efsa scientists have been more transparent about their considerations.” An Efsa panel based its recommendation that glyphosate was safe ... on six industry-funded studies that have not been fully published. Glyphosate use has been banned or restricted in large parts of Europe because of alleged links to a host of health problems, ranging from birth defects and kidney failure to coeliac disease, colitis and autism.

Note: The overlap between the GMO industry and European regulators has become increasingly controversial. For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.

A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police. Ranking representatives Maxine Waters of the House Financial Services Committee and Al Green of the Subcommittee on Oversight and Investigations asked the Government Accountability Office on Oct. 8 to launch the "evaluation of regulatory capture" and to focus on the New York Fed. The GAO said it has begun planning its approach. The probe, which had not been previously reported or made public, is the first by an outside agency into the perception that government regulators are "captured" by and too deferential toward the bankers they supervise, so that Wall Street benefits at the public's expense. Such perceptions have dogged the U.S. central bank since it failed to head off the 2007-2009 financial crisis. While the GAO has not yet determined the full scope of the investigation, the other main agencies that embed supervisors inside financial institutions are the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. In their letter, Waters and Green said they are particularly concerned about the New York Fed and reports of a "revolving door" between it and banks and "a reluctance to challenge" the firms.

Note: Are Goldman Sachs' suspicious ties to the New York Fed and the revolving door between Congress and Wall Street finally beginning to get serious attention? For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

The same strategy that Martin Shkreli used to get away with a 5,000-percent price increase on an old drug is used by many other drugmakers. Before the price hike that made him infamous, the former CEO of Turing Pharmaceuticals had to ensure that no competitor would be able to launch a cheaper version of Daraprim, the 60-year-old anti-infection pill that is no longer under patent. Shkreli had the perfect weapon: a tightly-controlled distribution system which would make it virtually impossible for a competitor to obtain enough Daraprim to develop their own version. Many larger drugmakers have also turned drug distribution into a powerful tool against competition. The strategy takes advantage of a simple fact: If generic drugmakers can't get their hands on the original product, they cannot perform the tests needed to develop a generic version. When the original drugmaker controls the drug's distribution, they can simply refuse to sell. The effect on patients is higher prices for drugs. At least 40 drugs worth an estimated $5.4 billion are sheltered from competition by distribution hurdles, according to a study commissioned by the Generic Pharmaceutical Association, an industry trade group. The Food and Drug Administration is aware of the misuse of distribution programs. The agency does not penalize companies for the practice.

Note: For more excellent information on drug prices hikes, read this penetrating article in the Daily Beast. For more along these lines, see concise summaries of deeply revealing big Pharma profiteering news articles from reliable major media sources.

It’s still up for debate whether or not the media “created” Donald Trump - or, at least, the GOP presidential frontrunner version of him - but there is no doubt the billionaire reality TV star turned politician has meant big ratings - and income - for networks. Leslie Moonves, the chairman of CBS, admitted as much on Monday. “It may not be good for America, but it’s damn good for CBS,” Moonves said at a Morgan Stanley conference in San Francisco. In addition to around-the-clock TV news coverage of Trump and his fellow presidential candidates (but, mainly Trump), major broadcast and cable networks have pulled in record ratings for televised debates throughout this election cycle. Roughly 13.5 million tuned in to CBS for a GOP debate last month, making that one of the most-watched debates so far this year, as nearly 5 million more viewers tuned in to watch Trump battle his GOP rivals than did for a Democratic debate on CBS last November. Thanks to those high ratings, networks have reportedly been able to gouge advertisers for higher ad-rates during this cycle’s debates. Moonves indicated that he is more than happy to have Trump in the White House race if it means more advertising money.

Note: For more along these lines, see concise summaries of deeply revealing news articles about elections corruption and the manipulation of public perception.

Antonin Scalia was the longest-tenured justice on the current Supreme Court. But another quality also set him apart: Among the court’s members, he was the most frequent traveler, to spots around the globe, on trips paid for by private sponsors. Ethical standards prohibit judges from accepting gifts from anyone with a matter currently before the court. But those guidelines presented no barrier to John Poindexter, who invited Justice Scalia to stay at his West Texas ranch. Mr. Poindexter is the owner of J. B. Poindexter & Co., a manufacturing firm based in Houston. One of his companies, the Mic Group, was a defendant in an age discrimination lawsuit filed by a former employee who unsuccessfully petitioned the Supreme Court for a review last year. Mr. Poindexter, according to a former general manager at the ranch, is also a leader in the International Order of St. Hubertus, a worldwide organization of hunters, as, apparently, were several other guests during Justice Scalia’s visit. In 2011, a liberal advocacy group, Common Cause, questioned whether Justice Scalia and Justice Clarence Thomas should have disqualified themselves from participating in the landmark Citizens United case on campaign finance because they had attended a political retreat in Palm Springs, Calif., sponsored by the conservative financier Charles G. Koch. Mr. Koch funds groups that could benefit from the ruling.

Note: Read about Antonin Scalia's "organization of hunters" and the other strange secret societies populated by the elite. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

An investigation into the Jimmy Savile sex abuse scandal cleared the BBC of wrongdoing Thursday, even as it painted a damning portrait of an institution where employees were afraid to raise even serious concerns about sexual misconduct for fear of upsetting celebrity talent or making the corporation look bad. Savile, a BBC television presenter and popular charity figure who died in October 2011, is believed to be one of Britain's most prolific sex offenders, often targeting minors. “Celebrities were treated with kid gloves and were virtually untouchable,” said Janet Smith, a former Court of Appeal judge who conducted the inquiry, describing a BBC culture of not wanting to “rock the boat.” Smith said 117 people at the BBC admitted they had heard rumors about Savile, who abused victims on BBC premises, including the venues where his programs “Top of the Pops” and “Jim'll Fix It” were shot. Smith's review said the Savile abuse incidents dated all the way back to 1959. She identified 72 victims of Savile, both male and female. One was only 8 years old. But girls who raised concerns about Savile were treated as a “nuisance.” In one case in 1969, a girl who was molested on the “Top of the Pops” program while standing next to Savile on the podium was “ejected from the building.” The inquiry also concluded that another BBC star, sports presenter Stuart Hall, 86, also used his celebrity to shield his activities, often plying his victims with alcohol. The Hall investigation ... found 21 victims.

Note: Watch an excellent segment by Australia's "60-Minutes" team titled "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this sad subject in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

Johnson & Johnson must pay $72 million to the family of a woman who blamed her fatal ovarian cancer on the company’s talcum powder in the first state-court case over the claims to go to trial. Jurors in St. Louis on Monday concluded J&J should pay $10 million in compensatory damages and $62 million in a punishment award to the family of Jackie Fox, who died of ovarian cancer last year after using Johnson’s baby powder ... for years. It’s the first time a jury has ordered J&J, the world’s largest maker of health-care products, to pay damages over claims that it knew decades ago that its talc-based products could cause cancer and failed to warn consumers. J&J is facing about 1,200 suits claiming studies have linked its Johnson’s Baby Powder and its Shower-to-Shower product to ovarian cancer. Women contend the company knew of the risk and failed to warn customers. J&J marketed its Shower to Shower brand talc for feminine hygiene. One 1988 ad promised “just a sprinkle a day keeps odor away.” Cornstarch has been widely substituted for talc as an absorbent in baby powder and feminine hygiene products. The American Cancer Society advised in 1999 that women use cornstarch-based products in the genital area. J&J, which introduced a baby powder using cornstarch in the 1970s, continues to offer products that include talc. A federal jury in North Dakota found in 2013 that a woman’s use of its talc-based body powder contributed to her developing ovarian cancer, [but] awarded no damages.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

Bill and Melinda Gates are facing calls for their philanthropic Foundation, through which they have donated billions worldwide, to be subject to an international investigation. The Gates Foundation is about benefiting big business, especially in agriculture and health, through its “ideological commitment to promote neoliberal economic policies and corporate globalisation,” according to [a] report published by the campaign group Global Justice Now. The report accuses the Gates Foundation of [turning] “basic needs into commodities controlled by the market.” The report is critical of the close working relations between the Foundation and major international pharmaceutical corporations. It accuses the Gates Foundation of promoting specific priorities through agriculture grants, some of which undermine the interests of small farmers. These include promoting industrial agriculture, use of chemical fertilisers and expensive, patented seeds, and a focus on genetically modified seeds. The criticism echoes the accusations made by the Indian scientist Vandana Shiva who called the Gates Foundation the “greatest threat to farmers in the developing world.” The Foundation’s emphasis on “technological solutions” often ignores real solutions involving social and economic justice. “This cannot be given by donors in the form of a climate-resilient crop or cheaper smartphone, but must be about systemic social, economic and political change – issues not represented in the foundation’s funding priorities.”

Note: The Gates Foundation is heavily invested in GMO giants like Monsanto. It also provided $5 million to Oxitec, a company criticized for secretly releasing GM mosquitoes into the wild in 2009. Oxitec was purchased last August by biotech giant Intrexon for $160 million. By December, the Zika virus was all over the news and Intrexon was ramping up production of these GM insects to "fight Zika" in Brazil. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

Local councils, public bodies and even some university student unions are to be banned by law from boycotting “unethical” companies. All publicly funded institutions will lose the freedom to refuse to buy goods and services from companies involved in the arms trade, fossil fuels, tobacco products or Israeli settlements in the occupied West Bank. Any public bodies that continue to pursue boycotts will face “severe penalties”, ministers said. Underlining the main target of the ban, the formal announcement will be made by the Cabinet Office minister Matt Hancock when he visits Israel this week. Israeli companies, along with other firms which have investments in the occupied West Bank, have been among those targeted by unofficial boycotts in the past. In 2014 Leicester City Council passed a policy to boycott goods produced in Israeli settlements in the West Bank while the Scottish Government published a procurement notice to Scottish councils which “strongly discourages trade and investment from illegal settlements”. Mr. Hancock said the current position where local authorities had autonomy to make ethical purchasing decisions was “undermining” Britain’s national security.

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

Scientists have identified more than 200 industrial chemicals - from pesticides, flame retardants, jet fuel - as well as neurotoxins like lead in the blood or breast milk of Americans, indeed, in people all over our planet. These have been linked to cancer, genital deformities, lower sperm count, obesity and diminished I.Q.. Medical organizations ... have demanded tougher regulations or warned people to avoid them. They have all been drowned out. Chemical companies, by spending vast sums on lobbying - $100,000 per member of Congress last year - block serious oversight. Almost none of the chemicals in products we use daily have been tested for safety. “Industrial chemicals that injure the developing brain” have been linked to conditions like autism and attention deficit hyperactivity disorder, noted The Lancet Neurology, a peer-reviewed medical journal. Yet we still don’t have a clear enough sense of what is safe, because many industrial chemicals aren’t safety tested before they are put on the market. Meanwhile, Congress has dragged out efforts to strengthen the Toxic Substances Control Act and test more chemicals for safety. The President’s Cancer Panel recommended that people eat organic if possible, filter water and avoid microwaving food in plastic containers. All good advice, but that’s like telling people to avoid cholera without providing clean water. And that’s why we need another public health revolution in the 21st century.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world. Then explore the excellent, reliable resources provided in our Health Information Center.

I wonder how many of the readers remember the WHO’s pandemic alert on swine ‘flu some years ago? When the WHO was proactive to announce a pandemic then without any scientific justifications I was the one who wrote that that was a business stunt! People did not believe and the British Medical Journal rejected my paper. After one long year what I had predicted came true. Council of Europe Health Committee Chairman Dr. Wolfgang Wodarg said that the declaration of a swine flu pandemic was a false alarm. “There are many signs that there is close cooperation between the WHO and pharmaceutical companies. We have to find out whether there was pressure or whether there was money given as an incentive to the WHO to have this pandemic declared,” Dr. Wolfgang Wodarg adds. To give a simple example of the swine flu drug Tamiflu when given to a million people, 45,000 will experience vomiting, 31,000 will experience headache and 11,000 will have psychiatric side-effects. These figures might be insignificant if Tamiflu cures swine flu. That is not the case. Raising the fear levels in society is the surest way of depressing their immune system! This is good for business. With people’s immune system depressed they are prone to all kinds of infections. What follows next is the usual history. Greedy drug companies will now vie with each other to produce a vaccine. Vaccination is big business. This pattern goes on and on as long as money and medicine are related.

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

Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities, authorities announced Thursday. The nationwide settlement, negotiated by the working group appointed by President Barack Obama in 2012, says the bank acknowledges that it increased the acceptable risk levels for mortgage loans pooled and sold to investors without telling them. Loans with material defects were included, packaged into the securities and sold. The Justice Department said the $2.6 billion federal penalty to resolve claims about the bank's marketing, sale and issuance of those securities is the largest piece of settlements with the working group that have totaled approximately $5 billion. "Our work is far from over," said New York Attorney General Eric Schneiderman, who co-chairs the group. "Communities across the country have not gotten back to where they were before the crash." Total settlements so far are about $64 billion, Schneiderman said. The working group previously reached major settlements with Citigroup for $7 billion, JPMorgan for $13 billion and Bank of America for $16.65 billion. The New York-based investment bank reported a fourth-quarter profit of $908 million.

Note: Since the bailout in 2008, the percentage of US banking assets held by the big banks has almost doubled. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.