Corporate Corruption Media ArticlesExcerpts of Key Corporate Corruption Media Articles in Major Media
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An influential doctor and advocate of adolescent gender treatments said she had not published a long-awaited study of puberty-blocking drugs because of the charged American political environment. The doctor, Johanna Olson-Kennedy, began the study in 2015 as part of a broader, multimillion-dollar federal project on transgender youth. She and colleagues recruited 95 children from across the country and gave them puberty blockers, which stave off the permanent physical changes – like breasts or a deepening voice – that could exacerbate their gender distress, known as dysphoria. The researchers followed the children for two years to see if the treatments improved their mental health. An older Dutch study had found that puberty blockers improved well-being, results that inspired clinics around the world to regularly prescribe the medications as part of what is now called gender-affirming care. But the American trial did not find a similar trend. Puberty blockers did not lead to mental health improvements, she said. In the nine years since the study was funded ... and as medical care for this small group of adolescents became a searing issue in American politics, Dr. Olson-Kennedy's team has not published the data. Asked why, she said the findings might fuel the kind of political attacks that have led to bans of the youth gender treatments in more than 20 states, one of which will soon be considered by the Supreme Court. "I do not want our work to be weaponized," she said.
Note: We believe that everyone has a right to exist and express themselves the way they want. Yet we value the health of all beings and the importance of informed choice when it comes to any potentially life-changing medical procedure. For more along these lines, explore summaries of revealing news articles on transgender medicine from reliable major media sources.
Larry Fink doesn't think the US election will affect markets much. The BlackRock CEO doubled down on saying the outcome of the US election, which will be decided in two weeks, won't matter in the long run. He said that BlackRock works with both administrations and is "having conversations" with both Vice President Kamala Harris and Republican nominee Donald Trump. BlackRock, which manages $11.5 trillion in assets via passive and active strategies, has ties and conflicts to both parties. Trump has invested in BlackRock funds, campaign finance forms showed. Since winning the last election in 2020, President Joe Biden has stocked his administration with BlackRock alumni, including Adewale Adeyemo, the deputy Treasury secretary, and Mike Pyle, Vice President Harris' chief economic advisor. Both previously worked in the Obama administration. Last year, a bipartisan House committee began looking into BlackRock's investments in China, for their stakes in Chinese companies blacklisted over claims of supporting China's military or alleged human rights abuses. Fink is not the only Wall Street heavyweight saying the election won't matter to financial markets. In an interview in May, Mike Gitlin, CEO of the $2.7 trillion investing giant Capital Group, said that over the long term, markets climb higher regardless of who wins, and he doesn't agree with rebalancing a portfolio because of election outcomes.
Note: Blackrock is now considered to be the fourth branch of government. For more along these lines, read our concise summaries of news articles on financial industry corruption.
The Institute for Policy Studies (IPS) joined Popular Democracy in compiling a 71-page report titled Billionaire Blowback on Housing. The two groups found that a small number of wealthy individuals and their investment arms, who control "huge pools of wealth," have spent some of their vast resources on "predatory investment and wealth-parking in luxury housing." Billionaires and their investment firms, such as Blackstone–now the world's largest corporate landlord–are "taking advantage of the tight low-income rental market, lack of publicly funded affordable housing, displacement after the foreclosure crisis, and inaccessible homeownership to get into the business of single-family and multifamily home rentals, and buying up mobile home parks," the report reads. Blackstone now owns 300,000 residential units across the U.S. and nearly doubled its portfolio in 2021. The housing crisis ... is characterized by record-breaking homelessness in 2023 with more than 653,000 people unhoused; half of tenants paying more than 30% of their income on rent ... and a significantly widened gap between the income needed to buy a house and the actual cost of a home. The number of vacant units in some communities exceed the number of unhoused people. For example, in 2017 there were more than 93,500 vacant units in Los Angeles and an estimated 36,000 unhoused residents, with vacancies treated as "a structural feature of the market thanks to the presence of a small class of wealthy investors who engage in speculative financial behavior."
Note: For more along these lines, see concise summaries of deeply revealing news articles on banking system corruption and financial inequality from reliable major media sources.
On a chilly, early morning in January 2019, a group of animal rights activists descended upon a poultry farm in central Texas. Activists with Meat the Victims, a decentralized, global movement to abolish animal exploitation, later uploaded gruesome photos of injured and dead chicks to social media platforms. The police identified [Sarah Weldon] and issued a warrant for her arrest, along with 14 other activists. She was charged with criminal trespassing. The local police weren't the only ones paying attention. An FBI agent in Texas had been secretly monitoring the demonstration. His focus? Weapons of mass destruction. The FBI has been collaborating with the meat industry to gather information on animal rights activism, including Meat the Victims, under its directive to counter weapons of mass destruction, or WMD, according to agency records. The records also show that the bureau has explored charging activists who break into factory farms under federal criminal statutes that carry a possible sentence of up to life in prison – including for the "attempted use" of WMD – while urging meat producers to report encounters with activists to its WMD program. "This ... is textbook escalation by government actors against successful efforts by social movements that they disagree with or find subversive," said Justin Marceau, a law professor. "Framing of civil disobedience against factory farms as terrorism is a form of government repression."
Note: Animal rights activists are relentlessly prosecuted while the evidence of animal cruelty they uncover is ruthlessly suppressed. For more along these lines, see concise summaries of deeply revealing news articles on corruption in law enforcement and in the food system from reliable major media sources.
RTX Corporation, the weapons giant formerly (and better) known as Raytheon, agreed on Wednesday to pay almost $1 billion to resolve allegations that it defrauded the U.S. government and paid bribes to secure business with Qatar. RTX, as part of this agreement that spanned multiple investigations into its business, admitted to engaging in two separate schemes to defraud the Defense Department, which included deals for a radar system and Patriot missile systems. "The Raytheon allegations are stunning, even by the lax standards of the arms industry," [said William Hartung with the Quincy Institute for Responsible Statecraft]. "Engaging in illegal conduct on this scale suggests that, far from being an aberration, this behavior may be business as usual for the company." Raytheon has been ... embroiled in scandals and malfeasance for decades. The company pleaded guilty to "illegally trafficking in secret military budget reports" (1990); paid $4 million to settle charges that it overbilled the Pentagon (1994); paid $10 million to settle a class-action lawsuit contending that its Amana unit sold defective furnaces and water heaters (1997); paid $2.7 million to settle allegations that it improperly charged the Pentagon for expenses incurred in marketing products to foreign governments (1998); [and] agreed to pay a $25 million civil penalty to resolve State Department charges that the company violated export controls (2003).
Note: Learn more about unaccountable military spending in our comprehensive Military-Intelligence Corruption Information Center. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
Two lawsuits aim to stop US federal regulators and industry from "illegally" hiding basic information about toxic chemicals used in consumer products. Companies often claim that toxic chemicals' health and safety data, and even their names, are "confidential business information" (CBI) because making the data public could damage their bottom line. The US Environmental Protection Agency frequently allows industry to use the tactic, which makes it virtually impossible for public health researchers to quickly learn about dangerous chemicals. It also bars most EPA staff and state regulators from accessing the information and criminal charges could be brought against those who do. That leaves regulators attempting to protect the public without essential information for some chemicals and in effect creates a "shadow regulatory government" in the EPA, said Tim Whitehouse, a former EPA attorney who is now director of Public Employees for Environmental Responsibility (Peer), a plaintiff in one of the suits. The ... suit alleges the EPA has narrowed Congress's definitions of what should be made public. The EPA is also withholding chemical safety test results that show health risks to the public or environment. Separately, Peer is suing the EPA for hiding health and safety data for chemicals made by Inhance Technologies, which produces plastic containers found to leach dangerous levels of PFOA, a highly toxic compound, into the containers' contents.
Note: For more along these lines, read our concise summaries of news articles on government corruption and toxic chemicals.
Hundreds of people gathered outside the WK Kellogg headquarters in Michigan on Tuesday calling for the company to hold up its promise to remove artificial dyes from its breakfast cereals sold in the U.S. Nearly 10 years ago, Kellogg's, the maker of Froot Loops and Apple Jacks, committed to removing such additives from its products by 2018. While Kellogg's has done so in other countries including Canada, which now makes Froot Loops with natural fruit juice concentrates, the cereals sold in the U.S. still contain both food dyes and a chemical preservative. In the U.S., Froot Loops ingredients include Red Dye No. 40, Yellow Dye No. 5, Yellow Dye No. 6 and Blue Dye No. 1. Kellogg's insisted its products are safe for consumption, saying its ingredients meet the federal standards set by the U.S. Food and Drug Administration.The agency has said that most children experience no adverse effects from color additives, but critics argue the FDA standards were developed without any assessment for possible neurological effects. The protests come in the wake of a new California law known as the California School Food Safety Act that bans six potentially harmful dyes in foods served in California public schools. The ban includes all of the dyes in Froot Loops, plus Blue Dye No. 2 and Green Dye No. 3. Consumption of said dyes ... may be linked to hyperactivity and other neurobehavioral problems in some children.
Note: Big Food profits immensely as American youth face a growing health crisis. Read about the health concerns linked to these food dyes, including neurobehavioral problems, attention issues, DNA damage, allergies, chronic digestive issues, cancer, and more. Check out our latest Substack for a deep dive into who's behind the chronic disease epidemic that's threatening the future of humanity.
Under the guise of combating misinformation, the US government funds universities, ostensibly to analyze social-media trends – but in truth, to help censor the Internet. Agencies like the National Science Foundation provide taxpayer dollars to universities like Stanford and the University of Washington as part of a broader government effort to pressure social-media companies into censoring speech related to elections, public health and other matters. A lawsuit against the Biden administration in the case that became Murthy v. Missouri uncovered emails in which federal officials threatened to penalize social-media companies unless they complied with orders to banish users who posted speech contrary to the administration's priorities. Last year, a federal judge reviewing this evidence dubbed the administration's effort a de facto "Ministry of Truth." Facebook CEO Mark Zuckerberg recently wrote that in 2021, the Biden-Harris administration "repeatedly pressured" his social-media empire to censor speech – even humor and satire. When Elon Musk bought Twitter in 2022 and revealed similar evidence in the "Twitter Files," the public first learned that university misinformation research teams, funded by the government, actively participated in those censorship efforts. These academics served as a front for the government's censorship policy, essentially laundering it in the name of science. But if this is research, it is unethical research that harms the human subjects under study.
Note: For more along these lines, read our concise summaries of news articles on censorship and government corruption.
Preschools and funeral homes, car washes and copper mines, dermatologists and datacentres – private equity is anywhere and everywhere that money changes hands. If it can in any way be marketed or monetised, private equity firms have bought it. By some estimates, these firms now control more than $13tn invested in more than 50,000 companies worldwide. "We cannot overestimate the reach of private equity across the global economy," Sachin Khajuria, a former partner at Apollo Global Management, which manages half a trillion dollars in assets, wrote in 2022. More and more people, especially the relatively poor, may live almost their entire lives in systems owned by one or another private equity firm: financiers are their landlords, their electricity providers, their ride to work, their employers, their doctors, their debt collectors. Private equity firms and related asset managers "increasingly own the physical as well as financial world around us," the scholar Brett Christophers writes. "All of our lives are now part of their investment portfolios." In order to drive up profits, private equity-controlled dental chains have induced children to undergo multiple unnecessary root canals. One child even died as a result. Some of the most heinous accounts have come from private equity-owned treatment centres for young people with behavioural problems, where children have been physically abused, raped and killed. These cases are extreme, but they are not isolated.
Note: BlackRock and Vanguard manage over $11 trillion and $8 trillion respectively–an unprecedented concentration of financial power. We hear outrage about billionaires and oligarchs, but rarely about private equity firms, who are backed by both political parties and are drastically reshaping our economy, contributing to environmental destruction, and extracting wealth from communities in the US and all over the world. For more along these lines, read our concise summaries of financial inequality and financial industry corruption.
TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels. The fine includes a $1.3 billion penalty that will be paid to the US Treasury Department's Financial Crimes Enforcement Network, a record fine for a bank. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government's investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. More than 90% of transactions went unmonitored between January 2018 to April 2024, which "enabled three money laundering networks to collectively transfer more than $670 million through TD Bank accounts," according to a legal filing. In one instance, TD Bank employees collected more than $57,000 worth of gift cards to process more than $470 million in cash deposits from a money laundering network to "ensure employees would continue to process their transactions" and not declare them in required reports, the DoJ said. The Office of the Comptroller of the Currency (OCC), a US agency that regulates banks, said TD processed hundreds of millions of dollars of transactions the clearly indicated highly suspicious activity. The Canadian bank will be subject to four years of monitoring [to] ensure it is following the agreement. The US Federal Reserve also fined TD Bank and will force the company to relocate to the United States its anti-money laundering compliance office.
Note: Several years ago, Europe's biggest bank was caught laundering millions for cartels and terrorists. For more, read our latest Substack on the dark truth behind the war on drugs.
Financed partly with US taxpayers dollars, [a] firm in Missouri called v-Fluence [was] founded by former Monsanto executive Jay Byrne. [v-Fluence] established a "private social network" to counter resistance to pesticides and genetically modified (GM) crops. A profile of former New York Times food writer Mark Bittman ... includes a description of where he lives, details of two marriages and personal hobbies, and an extensive Criticisms section. Bittman said that it was a "terrible thing," for taxpayer dollars to be used to help a PR agency "work against sincere, legitimate, and scientific efforts to do agriculture better." Syngenta signed a contract with v-Fluence in 2002 to help the company deal with negative information coming to light about its paraquat herbicides. v-Fluence went on to help Syngenta create false or misleading online content that was "Paraquat-friendly," used search engine optimization to suppress negative information about paraquat in Internet searches and investigated the social media pages of victims who reported injuries to Syngenta's crisis hotline. Syngenta's internal research found adverse effects of paraquat on brain tissue decades ago but the company withheld that information from regulators, instead working to discredit independent science linking the chemical to brain disease and developing a "SWAT team" to counter critics. In its response to those stories, Syngenta asserted that no "peer-reviewed scientific publication has established a causal connection between paraquat and Parkinson's disease."
Note: Read more about how v-Fluence was used to censor the web and silence dissenting voices. "Trust the science" sounds noble–until you realize that even top editors of world-renowned journals have warned that much of published medical research is unreliable, distorted by fraud, corporate influence, and conflicts of interest.
U.S. private equity firms have bought up producers and distributors of a chemical compound known to cause brain damage, cancer and other illnesses. Blackstone and American Securities LLC, which control assets worth billions of dollars, have in recent years acquired operations in Canada and elsewhere that sell lead chromate, a toxic powder used in paint, on roads and machinery, and even in food. Studies have shown declines in safety practices following private equity investment, including more workplace accidents and deaths. Health experts and others focused on corporate accountability say private equity's expansion into the lead chromate industry is concerning. "These firms set up structures for ownership to have zero legal responsibility for what happens at that company," said Justin Flores, campaign director at the Private Equity Stakeholder Project, a U.S. nonprofit research and advocacy organization. Lead chromate in paint covers parking lots, children's playgrounds, and hospitals from Mexico to Greece, studies show, raising concerns over what happens when the pigment breaks down, leaching lead into dust, soil and water runoff. Earlier this year, the U.S. Food and Drug Administration confirmed that lead chromate was found in cinnamon applesauce pouches that sickened hundreds of children. The tainted applesauce sailed through loopholes and food safety systems around the world.
Note: For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption and toxic chemicals from reliable major media sources.
Tech companies have outfitted classrooms across the U.S. with devices and technologies that allow for constant surveillance and data gathering. Firms such as Gaggle, Securly and Bark (to name a few) now collect data from tens of thousands of K-12 students. They are not required to disclose how they use that data, or guarantee its safety from hackers. In their new book, Surveillance Education: Navigating the Conspicuous Absence of Privacy in Schools, Nolan Higdon and Allison Butler show how all-encompassing surveillance is now all too real, and everything from basic privacy rights to educational quality is at stake. The tech industry has done a great job of convincing us that their platforms – like social media and email – are "free." But the truth is, they come at a cost: our privacy. These companies make money from our data, and all the content and information we share online is basically unpaid labor. So, when the COVID-19 lockdowns hit, a lot of people just assumed that using Zoom, Canvas and Moodle for online learning was a "free" alternative to in-person classes. In reality, we were giving up even more of our labor and privacy to an industry that ended up making record profits. Your data can be used against you ... or taken out of context, such as sarcasm being used to deny you a job or admission to a school. Data breaches happen all the time, which could lead to identity theft or other personal information becoming public.
Note: Learn about Proctorio, an AI surveillance anti-cheating software used in schools to monitor children through webcams–conducting "desk scans," "face detection," and "gaze detection" to flag potential cheating and to spot anybody "looking away from the screen for an extended period of time." For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.
A MintPress News investigation into the funding sources of U.S. foreign policy think tanks has found that they are sponsored to the tune of millions of dollars every year by weapons contractors. Arms manufacturing companies donated at least $7.8 million last year to the top fifty U.S. think tanks, who, in turn, pump out reports demanding more war and higher military spending, which significantly increase their sponsors' profits. The only losers in this closed, circular system are the American public, saddled with higher taxes, and the tens of millions of people around the world who are victims of the U.S. war machine. The think tanks receiving the most tainted cash were, in order, the Atlantic Council, CSIS, CNAS, the Hudson Institute, and the Council on Foreign Relations, while the weapons manufacturers most active on K-Street were Northrop Grumman, Lockheed Martin, and General Atomics. There is obviously a massive conflict of interest if groups advising the U.S. government on military policy are awash with cash from the arms industry. The Atlantic Council alone is funded by 22 weapons companies, totaling at least $2.69 million last year. Even a group like the Carnegie Endowment for Peace, established in 1910 as an organization dedicated to reducing global conflict, is sponsored by corporations making weapons of war, including Boeing and Leonardo, who donate tens of thousands of dollars annually.
Note: Learn more about arms industry corruption in our comprehensive Military-Intelligence Corruption Information Center. For more, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
Larry Ellison, the billionaire cofounder of Oracle ... said AI will usher in a new era of surveillance that he gleefully said will ensure "citizens will be on their best behavior." Ellison made the comments as he spoke to investors earlier this week during an Oracle financial analysts meeting, where he shared his thoughts on the future of AI-powered surveillance tools. Ellison said AI would be used in the future to constantly watch and analyze vast surveillance systems, like security cameras, police body cameras, doorbell cameras, and vehicle dashboard cameras. "We're going to have supervision," Ellison said. "Every police officer is going to be supervised at all times, and if there's a problem, AI will report that problem and report it to the appropriate person. Citizens will be on their best behavior because we are constantly recording and reporting everything that's going on." Ellison also expects AI drones to replace police cars in high-speed chases. "You just have a drone follow the car," Ellison said. "It's very simple in the age of autonomous drones." Ellison's company, Oracle, like almost every company these days, is aggressively pursuing opportunities in the AI industry. It already has several projects in the works, including one in partnership with Elon Musk's SpaceX. Ellison is the world's sixth-richest man with a net worth of $157 billion.
Note: As journalist Kenan Malik put it, "The problem we face is not that machines may one day exercise power over humans. It is rather that we already live in societies in which power is exercised by a few to the detriment of the majority, and that technology provides a means of consolidating that power." Read about the shadowy companies tracking and trading your personal data, which isn't just used to sell products. It's often accessed by governments, law enforcement, and intelligence agencies, often without warrants or oversight. For more along these lines, read our concise summaries of news articles on Big Tech and the disappearance of privacy.
Drug ads have been ubiquitous on TV since the late 1990s and have spilled onto the internet and social media. The United States and New Zealand are the only countries that legally allow direct-to-consumer pharmaceutical advertising. Manufacturers have spent more than $1 billion a month on ads in recent years. Last year, three of the top five spenders on TV advertising were drug companies. A 2023 study found that, among top-selling drugs, those with the lowest levels of added benefit tended to spend more on advertising to patients than doctors. "I worry that direct-to-consumer advertising can be used to drive demand for marginally effective drugs or for drugs with more affordable or more cost-effective alternatives," the study's author, Michael DiStefano ... said. Indeed, more than 50% of what Medicare spent on drugs from 2016 through 2018 was for drugs that were advertised. The government has, in recent years, tried to ensure that prescription-drug advertising gives a more accurate and easily understood picture of benefits and harms. But the results have been disappointing. When President Donald Trump's administration tried to get drugmakers to list the price of any treatments costing over $35 on TV ads, for example, the industry took it to federal court, saying the mandate violated drugmakers' First Amendment rights. Big Pharma won. With a bit of commonsense, truth-in-advertising enforcement, many of the ads would disappear.
Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.
The pharmaceutical industry, as a whole and by its nature, is conflicted and significantly driven by the mighty dollar, rather than altruism. A 2020 peer-reviewed article published in the Journal of the American Medical Association outlines the extent of the problem. The group studied both the type of illegal activity and financial penalties imposed on pharma companies between the years 2003 and 2016. Of the companies studied, 85 percent (22 of 26) had received financial penalties for illegal activities with a total combined dollar value of $33 billion. The illegal activities included manufacturing and distributing adulterated drugs, misleading marketing, failure to disclose negative information about a product (i.e. significant side effects including death), bribery to foreign officials, fraudulently delaying market entry of competitors, pricing and financial violations, and kickbacks. The highest penalties were awarded to Schering-Plough, GlaxoSmithKline (GSK), Allergan, and Wyeth. The biggest overall fines have been paid by GSK (almost $10 billion), Pfizer ($2.9 billion), Johnson & Johnson ($2.6 billion), and other familiar names including AstraZeneca, Novartis, Merck, Eli Lilly, Schering-Plough, Sanofi Aventis, and Wyeth. Five US states – Texas, Kansas, Mississippi, Louisiana, and Utah – are taking Pfizer to court for withholding information, and misleading and deceiving the public through statements made in marketing its Covid-19 injection.
Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.
Fifteen-year-old Tiara Channer was 13 when she was diagnosed with prediabetes – a condition 1 in 5 American kids faces that causes an increased risk of Type 2 diabetes, chronic kidney disease and cardiovascular disease. She and her mother, Crystal Cauley, blame her diagnosis on a poor diet. By transitioning from a diet of ultra-processed foods to healthier whole foods and getting more active, Tiara overcame or shed her prediabetes diagnosis – and lost 50 pounds in the process. But it wasn't an easy journey for her, given the challenge of understanding what's healthy and what's not. Ultra-processed food ... comprise over half of an average American adult's diet and two-thirds of an American child's. Lawmakers like Sen. Bernie Sanders say the FDA, the agency that regulates 80% of the country's food, hasn't done enough to protect consumers. Almost half of the approved food additives in the U.S. fall under a category known as GRAS – Generally Recognized As Safe. The nonprofit Environmental Working Group found 99% of the 766 food chemicals introduced between 2000 and 2021 avoided FDA scrutiny using the GRAS designation. Experts like Emily Broad Leib, the director of Harvard's Food Law and Policy Clinic, say GRAS has become a loophole that gives companies a provisional green light to put new additives in food. "Thousands of substances have entered the food supply using that mechanism," explained Broad Leib.
Note: Read our latest Substack article on how the US government turns a blind eye to the corporate cartels fueling America's health crisis. For more along these lines, see concise summaries of deeply revealing news articles on health and food system corruption from reliable major media sources.
The Gates Foundation is a major influencer and funder of agricultural development in Africa, yet there are no avenues to hold the foundation accountable to the communities it influences. Gates Foundation is the main funder of the controversial AGRA program. AGRA rebranded after evidence-based critiques showed that its 15-year effort to expand high-input, chemical-dependent monoculture farming in Africa has failed to provide food security, despite billions in funding from private donors and government subsidies. Critics say the "green revolution" approach is exacerbating hunger, worsening inequality and entrenching the power of outside corporate agribusiness interests in the hungriest regions of the world. AGRA works to transition farmers away from traditional seeds and crops to patented seeds, fossil-fuel based fertilizers and other inputs to grow commodity crops for the global market. The strategy is modeled on the Indian "green revolution" that boosted production of staple crops but also left a legacy of structural inequity and escalating debt for farmers. Evidence suggests that the green revolution has failed to improve health or reduce poverty and has created many problems. These include hooking farmers in a debt cycle with expensive inputs, growing pesticide use, environmental degradation, worsening soil quality, reduced diversity of food crops, and increased corporate control over food systems.
Note: 50 food sovereignty organizations wrote an open letter to Bill Gates on how the Green Revolution has failed to reduce hunger or increase food access as promised. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and income inequality from reliable major media sources.
Big tech companies have spent vast sums of money honing algorithms that gather their users' data and scour it for patterns. One result has been a boom in precision-targeted online advertisements. Another is a practice some experts call "algorithmic personalized pricing," which uses artificial intelligence to tailor prices to individual consumers. The Federal Trade Commission uses a more Orwellian term for this: "surveillance pricing." In July the FTC sent information-seeking orders to eight companies that "have publicly touted their use of AI and machine learning to engage in data-driven targeting," says the agency's chief technologist Stephanie Nguyen. Consumer surveillance extends beyond online shopping. "Companies are investing in infrastructure to monitor customers in real time in brick-and-mortar stores," [Nguyen] says. Some price tags, for example, have become digitized, designed to be updated automatically in response to factors such as expiration dates and customer demand. Retail giant Walmart–which is not being probed by the FTC–says its new digital price tags can be remotely updated within minutes. When personalized pricing is applied to home mortgages, lower-income people tend to pay more–and algorithms can sometimes make things even worse by hiking up interest rates based on an inadvertently discriminatory automated estimate of a borrower's risk rating.
Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and corporate corruption from reliable major media sources.
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.

