Corporate Corruption Media Articles

Excerpts of Key Corporate Corruption Media Articles in Major Media

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In New Orleans after Hurricane Katrina, I watched hordes of private military contractors descend on the flooded city to find ways to profit from the disaster, even as thousands of the city’s residents, abandoned by their government, were treated like dangerous criminals just for trying to survive. I started to notice the same tactics in disaster zones around the world. I used the term “shock doctrine” to describe the brutal tactic of using the public’s disorientation following a collective shock – wars, coups, terrorist attacks, market crashes or natural disasters – to push through radical pro-corporate measures. As Lee Fang reported ... “President Donald Trump [appointed] defence contractors and lobbyists to key government positions as he seeks to rapidly expand the military budget and homeland security programmes … At least 15 officials with financial ties to defence contractors have been either nominated or appointed so far.” One noticeable thing about Trump’s contractor appointees is how many of them come from firms that did not even exist before 9/11: L-1 Identity Solutions (specialising in biometrics), the Chertoff Group (founded by George W Bush’s homeland security director Michael Chertoff), Palantir Technologies (a surveillance/big data firm cofounded by PayPal billionaire and Trump backer Peter Thiel), and many more. This creates a disastrous cocktail. Take a group of people who directly profit from ongoing war and then put those same people at the heart of government. Who’s going to make the case for peace?

Note: The above article was extracted from bestselling author Naomi Klein's new book, "No Is Not Enough: Defeating the New Shock Politics". For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

Amid the unusual pressures of the Trump era, some are advocating a more interpretive or even combative approach to journalism – and argue that will do more to help society. When President Trump retweeted a meme earlier this week, sending out a cartoonishly doctored video that showed him clotheslining a person representing CNN, it escalated the conflict between Mr. Trump and the press. For the president, his tweet was a “modern-day presidential” counter-punch to his critics. But coming on the heels of his ... reference in February to the nation’s news media as “the enemy of the American people,” many journalists took it seriously. They saw not a joke but a dangerous portrayal of violence against their profession. The press has long been seen as essential to the idea of democratic self-governance. Free speech, enshrined in the First Amendment, is one of the bulwarks of individual liberty and equality. This has not always included the idea of impartiality and objectivity, however. In the 18th and 19th century, in fact, most newspapers were often aggressively partisan. Today, standards are different. “I think for a long time now people judge quality in journalism by how ‘balanced’ it is,” says Mitchell Stephens, a professor of journalism at New York University. “It seems that journalism is attacked for not being balanced more than it’s being attacked for not getting things right.” Professor Stephens ... suggests that American news organizations, abandoning a “pretense to objectivity,” could be returning to their “loud, boisterous, and combative” ways.

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

Walter M. Shaub Jr., the government’s top ethics watchdog, who has repeatedly gone head-to-head with the Trump administration over conflicts of interest, said on Thursday that he was calling it quits. “There isn’t much more I could accomplish at the Office of Government Ethics, given the current situation,” Mr. Shaub said in an interview on Thursday. “O.G.E.’s recent experiences have made it clear that the ethics program needs to be strengthened.” The intensity of feeling over what is usually an obscure job speaks to the central role ethics have come to play in Mr. Trump’s Washington, where the vast holdings of the president and his cabinet, as well as an influx of advisers from businesses and lobbying firms, have raised a rash of accusations of conflicts of interest. It is the job of the ethics office, a creation of a post-Watergate Congress, to work with a web of ethics officials at each agency to help people entering the government sidestep potential conflicts. Recently, Mr. Shaub and the administration fought over a routine request by the ethics office for copies of waivers issued to White House appointees to work in the Trump administration. The White House eventually released the waivers, which showed that it had granted at least a dozen exemptions for aides to work on policy matters they had handled as lobbyists or to engage with former colleagues in private-sector jobs. Mr. Shaub objected to the fact that many of the waivers were undated and unsigned, and that some approved actions retroactively.

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

The arts and crafts chain Hobby Lobby has agreed to pay a $3m fine and forfeit thousands of smuggled ancient Iraqi artifacts that the US government alleges were intentionally mislabeled. Hobby Lobby became a household name when the US supreme court ruled in its favor in the 2014 case Burwell v Hobby Lobby Stores, which in effect gave certain “closely-held” corporations the same religious rights as individuals. Hobby Lobby had begun acquiring a variety of historical Bibles and other artifacts in 2009 [and] executed an agreement to purchase more than 5,500 artifacts in December 2010 for $1.6m. Packages bore shipping labels that described their contents as “ceramic tiles”. Importing Iraqi cultural property into the US has been restricted since 1990 and banned outright since 2004. In the Hobby Lobby case, a dealer based in the United Arab Emirates shipped ... artifacts to three different corporate addresses in Oklahoma City. Five shipments that were intercepted by federal customs officials bore shipping labels that falsely declared that the artifacts’ country of origin was Turkey. In September 2011, a package containing about 1,000 clay bullae, an ancient form of inscribed identification, was received by Hobby Lobby from an Israeli dealer and accompanied by a false declaration stating that its country of origin was Israel. The illegal sale of historical artifacts is one way in which militant groups such as al-Qaida and Islamic State finance their activities.

Note: The rape of ancient Iraqi artifacts during the war is an incredibly important and underreported story. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

Glyphosate, an herbicide and the active ingredient in Monsanto Co's popular Roundup weed killer, will be added to California's list of chemicals known to cause cancer effective July 7, the state's Office of Environmental Health Hazard Assessment (OEHHA) said on Monday. Monsanto vowed to continue its legal fight against the designation, required under a state law known as Proposition 65. The listing is the latest legal setback for the seeds and chemicals company, which has faced increasing litigation over glyphosate since the World Health Organization's International Agency for Research on Cancer said that it is "probably carcinogenic" in a controversial ruling in 2015. Dicamba, a weed killer designed for use with Monsanto's next generation of biotech crops, is [also] under scrutiny in Arkansas after the state's plant board voted last week to ban the chemical. OEHHA said the designation of glyphosate ... will proceed following an unsuccessful attempt by Monsanto to block the listing in trial court. Listing glyphosate as a known carcinogen ... would require companies selling the chemical in the state to add warning labels to packaging. Monsanto and other glyphosate producers would have roughly a year from the listing date to re-label products or remove them from store shelves if further legal challenges are lost.

Note: The negative health impacts of Monsanto's Roundup are well known. Major lawsuits are building over Monsanto's lies to regulators and the public about the safety of glyphosate. For more along these lines, see concise summaries of deeply revealing news articles on food industry corruption and health.

CNN accepted the resignations Monday of three journalists involved in a retracted story about a supposed investigation into a pre-inaugural meeting between an associate of President Donald Trump and the head of a Russian investment fund. The story was posted on the network's website on Thursday and was removed, with all links disabled, Friday night. CNN immediately apologized to Anthony Scaramucci, the Trump transition team member who was reported to be involved in the meeting. The story had been quickly questioned both internally and externally, including by the conservative site Breitbart News. It was determined that the story was posted without going through the expected checks and balances for a story of such sensitivity, the executive said. The failure to follow proper procedures is what led to the resignations, the CNN executive said. It's not immediately clear what in the story is factually incorrect, or whether CNN will continue to report on the issue. The retracted story had said the Senate investigations committee was looking into a January 16 discussion between Scaramucci and Kirill Dmitriev, whose Russian Direct Investment Fund guides investments by U.S. entities in Russia. Scaramucci, in the story, said he exchanged pleasantries in a restaurant with Dmitriev. The report also said that two Democratic senators wanted to know whether Scaramucci had indicated in the meeting whether sanctions against Russia would be lifted, a decision that could impact the investment fund.

Note: CNN supervising producer John Bonifield was recently caught on camera admitting that CNN's Russia narrative is unsupported by proof but good for ratings. For more along these lines, see concise summaries of deeply revealing media corruption news articles from reliable sources.

Sensitive personal details relating to almost 200 million US citizens have been accidentally exposed by a marketing firm contracted by the Republican National Committee. The 1.1 terabytes of data includes birthdates, home addresses, telephone numbers and political views of nearly 62% of the entire US population. The data was available on a publicly accessible Amazon cloud server. Anyone could access the data. The information seems to have been collected from a wide range of sources - from posts on controversial banned threads on the social network Reddit, to committees that raised funds for the Republican Party. The information was stored in spreadsheets uploaded to a server owned by Deep Root Analytics. It had last been updated in January. Although it is known that political parties routinely gather data on voters, this is the largest breach of electoral data in the US to date and privacy experts are concerned about the sheer scale of the data gathered. "This is not just sensitive, it's intimate information, predictions about people's behaviour, opinions and beliefs that people have never decided to disclose to anyone," [said] Privacy International's policy officer Frederike Kaltheuner. However, the issue of data collection and using computer models to predict voter behaviour is not just limited to marketing firms - Privacy International says that the entire online advertising ecosystem operates in the same way.

Note: Elites like hedge fund billionaire Robert Mercer have been backing a major effort to produce powerful new forms of mind control by combining mass media with Big Data. As the data collected for this purpose becomes increasingly accessible, privacy disappears.

Mexican journalists, lawyers and activists were targeted by spyware produced by Israel’s NSO Group that is sold exclusively to governments. [A] report by Citizen Lab at the University of Toronto said the targets included people, such as prominent journalists Carmen Aristegui and Carlos Loret de Mola, who were investigating alleged government corruption and purported human rights abuses by security forces. The people targeted received messages with links that, if clicked on, opened up their devices to being exploited and spied upon. NSO’s Pegasus spyware allows hackers access to phone calls, messages, cameras and personal data. Other targets included members of the Centro Miguel Agustin Pro Juarez, a prominent human rights group that has investigated cases such as the disappearance of 43 students whom police allegedly detained and turned over to drug gang killers; the anti-graft group Mexicans Against Corruption and Impunity; and the Mexican Institute for Competitiveness, a civil society group working on economic policy and combatting corruption. Aristegui, who exposed a case of possible conflict of interest involving a luxury home acquired from a government contractor ... was aggressively targeted. She received more than two-dozen messages with NSO links claiming to be from “the U.S. Embassy in Mexico, Amber Alerts, colleagues, people in her personal life, her bank, phone company and notifications of kidnappings,” the report said.

Note: If the above link is not working, this Associated Press article is also available here. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and the erosion of civil liberties.

Foxconn’s enormous Longhua plant is a major manufacturer of Apple products. It might be the best-known factory in the world; it might also might be among the most secretive and sealed-off. The vast majority of plants that produce the iPhone’s component parts and carry out the device’s final assembly are based here. The sprawling factory was once home to an estimated 450,000 workers. In 2010, Longhua assembly-line workers began killing themselves. Worker after worker threw themselves off the towering dorm buildings, sometimes in broad daylight, in tragic displays of desperation – and in protest at the work conditions inside. The corporate response spurred further unease: Foxconn CEO, Terry Gou, had large nets installed outside many of the buildings to catch falling bodies. Workers were made to sign pledges stating they would not attempt to kill themselves. “It’s not a good place for human beings,” says [a former Foxconn worker], who goes by the name Xu. He’d worked in Longhua for about a year, until a couple of months ago, and he says the conditions inside are as bad as ever. The work is very high pressure and he and his colleagues regularly logged 12-hour shifts. Management is both aggressive and duplicitous, publicly scolding workers for being too slow and making them promises they don’t keep, he says, [painting] a bleak picture of a high-pressure working environment where exploitation is routine and where depression and suicide have become normalised.

Note: This is an edited extract from "The One Device: The Secret History of the iPhone" by Brian Merchant. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

As grocery shoppers work to digest Amazon’s massive acquisition of Whole Foods for $13.7 billion, the digital storefront recently scored a victory that aims to reinforce the company’s growing investments in brick-and-mortar retail. Amazon was awarded a patent May 30 that could help it choke off a common issue faced by many physical stores: Customers’ use of smartphones to compare prices even as they walk around a shop. But Amazon now has the technology to prevent that type of behavior when customers enter any of its physical stores and log onto the WiFi networks there. Titled “Physical Store Online Shopping Control,” Amazon’s patent describes a system that can identify a customer’s Internet traffic and sense when the smartphone user is trying to access a competitor’s website. When that happens, Amazon may take one of several actions. It may block access to the competitor’s site, preventing customers from viewing comparable products from rivals. It might redirect the customer to Amazon’s own site or to other, Amazon-approved sites. It might notify an Amazon salesperson to approach the customer. Or it might send the customer’s smartphone a text message, coupon or other information designed to lure the person back into Amazon’s orbit.

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

Leaked documents and public records reveal a troubling fusion of private security, public law enforcement, and corporate money in the fight over the Dakota Access Pipeline. By the time law enforcement officers began evicting residents of the ... resistance camp near the Standing Rock Sioux reservation on February 22, the brutal North Dakota winter had already driven away most of the pipeline opponents. It would have been a natural time for the private security company in charge of monitoring the pipeline to head home. But internal communications between TigerSwan and its client, pipeline parent company Energy Transfer Partners, show that the security firm instead reached for ways to stay in business. Indeed, TigerSwan appeared to be looking for new causes, too. The ... firm’s sweeping surveillance of anti-Dakota Access protesters had already spanned five months and expanded into Iowa, South Dakota, and Illinois. TigerSwan became particularly interested in Chicago. [Leaked] documents dated between February 19 and February 21 describe TigerSwan’s efforts to monitor an anti-Trump protest organized by the local chapter of the Answer Coalition, an anti-war, anti-racism group. Answer Coalition’s ... John Beacham, who organized the protest TigerSwan described, said that [the NoDAPL movement] was not the event’s primary focus. “They’re trying to make connections where they aren’t. It’s almost like they’re trying to cast conspiracy theories across the entire progressive movement,” he told The Intercept.

Note: The above article is part of an in-depth series, and includes many original source documents. Standing Rock activists were also targeted for investigation by the FBI’s joint terrorism taskforce. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy.

The term “shock doctrine” describes the quite brutal tactic of systematically using the public’s disorientation following a collective shock – wars, coups, terrorist attacks, market crashes or natural disasters – to push through radical pro-corporate measures, often called “shock therapy”. From the evidence so far, it’s clear that Trump and his top advisers are ... trying to pull off a domestic shock doctrine. The goal is all-out war on the public sphere and the public interest, whether in the form of antipollution regulations or programmes for the hungry. In their place will be unfettered power and freedom for corporations. It’s a programme so defiantly unjust and ... corrupt that it can only be pulled off with the assistance of divide-and-conquer racial and sexual politics, as well as a nonstop spectacle of media distractions. And, of course, it is being backed up with a massive increase in war spending. Trump’s cabinet of billionaires and multimillionaires tells us a great deal about the administration’s underlying goals. ExxonMobil for secretary of state; General Dynamics and Boeing to head the department of defence; and the Goldman Sachs guys for pretty much everything that’s left. This is ... a naked corporate takeover, one many decades in the making. We have to tell a different story from the one the shock doctors are peddling, a vision of the world compelling enough to compete head to head with theirs. Most of all, that vision needs to offer those who are hurting – for lack of jobs, lack of healthcare, lack of peace, lack of hope – a tangibly better life.

Note: The above was written by Naomi Klein, bestselling author of The Shock Doctrine: The Rise of Disaster Capitalism. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

Facebook wants to get up close and personal with its users after a patent was revealed detailing a desire to secretly watch users through their webcam or smartphone camera, spying on your mood in order to sell you tailored content or advertisements. The purpose behind the invasive idea is to analyse people through the camera in real time while they browse online and if it recognises you looking happy, bored or sad, it would deliver an advert fitting your emotion. If you were forlorn, for example, it would be able to serve an ad to perk you up, or know what products you had previously looked at online and put them under your nose at just the right time. The social network has filed several patents over the years on emotion-based technology but this, based on 'passive imaging data' is perhaps the most unnerving, considering it would take control of cameras that weren't even switched on by the user. As described by CB Insights: "This patent proposes capturing images of the user through smartphone or laptop cameras, even when the user is not actively using the camera. By visually tracking a user's facial expression, Facebook aims to monitor the user's emotional reactions to different types of content." Other patents listed by Facebook include a text messaging platform to detect a user's mood by measuring how hard and fast they were typing, then augment the message format, such as adding emojis or changing the font size, to match their emotion.

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

Overdoses are now the leading cause of death of Americans under the age of 50. According to preliminary data compiled by The New York Times, deaths last year likely topped 59,000 - 19 percent more than the year before. In Ohio, they were up even more. On May 26, Cleveland Police Sgt. Timothy Maffo-Judd's body camera was running as he approached a man slumped in his car. It turned out that the man was minutes from a fatal drug overdose. Three applications of Narcan - the anti-overdose drug - and the victim finally started coming around. Maffo-Judd says it's become a grim routine, and he's even encountered the same person twice. "That's pretty common," he says. In Ohio, at least 4,100 people died from unintentional drug overdoses last year - a 36 percent increase from 2015, when the state led the nation in overdose deaths. Kentucky, West Virginia and New Hampshire have also experienced shocking increases, along with the East Coast. Most of it is tied to heroin or prescription painkillers, often laced with a powerful synthetic opioid known as fentanyl. In Ohio alone, nearly four billion opioid pills were prescribed across Ohio between 2011 and 2015. Ohio is now suing five big drug companies that manufacture prescription painkillers, charging that they knowingly minimize the risks of addiction. As Attorney General Mike Dewine put it: "They knew they were wrong but they did it anyway and they continue to do it."

Note: This excellent article has lots more on the intense level of corruption found in this opioid crisis. For more, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry.

Say what you like about Bilderberg, but they’ve got a sense of humour. The agenda for this year’s secretive summit of the global elite [gets] big laughs straight off the bat by describing themselves as “a diverse group of political leaders and experts”. They’re trumpeting the diversity of a conference where less than 25% of the participants are female. And as for racial diversity, there are more senior executives of Goldman Sachs at this year’s Bilderberg than there are people of colour. Perhaps by “diverse” they mean that some of the participants own hedge funds, whereas others own vast industrial conglomerates. Some are on the board of HSBC, others are on the board of BP. That sort of thing. But my favourite joke by far from this year’s agenda is this item: “The war on information”. Bilderberg is concerned about fake news? The world’s most secretive conference, which is spending hundreds of thousands of dollars keeping the press away from its sacred discussions, which has spent decades lying and obfuscating about itself, wants to ensure the spread of truth? Many times before I’ve been detained by armed police for trying to report on this conference. If Bilderberg wants an answer to “Why is populism growing?” – another question on the agenda – they might take a look in the mirror. People aren’t all that comfortable with unaccountable technocratic elites and billionaire globalists lobbying their ministers and party leaders behind closed doors.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Bilderberg and other influential secret societies.

The entire pharmaceutical industry is floated by a protectionist racket. Drugs that are in fact very cheap to make are kept artificially expensive – we have drugs that cost $1,000 a pill here in America that sell for $4 in India, for instance. The means of keeping prices high vary, but include lengthy patents to push production of generics into the future, the barring of foreign competition, and the prohibition of negotiations to lower prices for bulk purchases by both the federal and state governments. Without government intervention, the pharmaceutical industry would be profitable, but it wouldn't be the massive cash factory it is now. In 2015, for instance, the 20 largest drug companies made a collective $124 billion in profits. All the industry needs to protect those sums is the continued cooperation of Congress. So naturally it spends money ... to make sure they always have just enough dependable people in office to block change. Which brings us ... to drug importation. Trump announced early in the race that he was in favor of bringing in cheaper drugs from Canada and made it a big stump theme. The Democrats, meanwhile, put allowing importation of drugs from countries like Canada in their platform last summer. The seeming synergy of the two candidates' positions led to the hope that something might actually be done about the problem, no matter who won. No such luck. Trump's support for drug importation basically went up in smoke from the moment he started filling out his executive appointees.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and throughout Big Pharma.

A secretive group of elite power brokers is meeting in the US state of Virginia for closed-door discussions over four days. The Bilderberg Meetings have 131 participants from 21 countries in Europe and North America, the group said in a press release. A couple of top advisers to President Donald Trump are to attend the forum, 30 miles (48km) from the White House. The shadowy group is a lightning rod for conspiracy theorists. This year's group includes Mr Trump's Commerce Secretary Wilbur Ross, his National Security Adviser HR McMaster and Peter Thiel, the billionaire Paypal creator who has been a vocal supporter of the president. The forum - at a Westfields Marriott hotel in Chantilly - is also being attended by Trump critic Eric Schmidt, head of Google's parent company. "There is no desired outcome, no minutes are taken and no report is written," the group's rules state. "Furthermore, no resolutions are proposed, no votes are taken, and no policy statements are issued." Other guests include Dutch King Willem-Alexander; David Rubenstein, head of private equity juggernaut the Carlyle Group; and former CIA director John Brennan. Several journalists are joining this year's forum, including London Evening Standard editor George Osborne. A full list of participants is here. Some critics have accused the group - which has met every year since 1954 - of plotting to impose a one-world government.

Note: An article in the U.K.'s Guardian mentions that Chantilly, VA, is the headquarters to the highly secretive National Reconnaissance Office, which has a budget of $10.3 billion. For more along these lines, see concise summaries of deeply revealing news articles on the Bilderberg Group and other secret societies.

The White House disclosed Wednesday evening that it has granted ethics waivers to 17 specific appointees who work for President Donald Trump and Vice President Mike Pence, including four former lobbyists. The waivers exempt the appointees from certain portions of ethics rules aimed at barring potential conflicts of interest. In addition, a blanket waiver was given to all executive office appointees to interact with news organisations. Three of the former lobbyists given waivers to work in the White House serve as staffers to the National Economic Council, headed by former Goldman Sachs executive Gary Cohn. (Cohn himself did not need a waiver because he recuses himself from participating in matters specific to Goldman Sachs, according to a White House official.) His aides that received ethics exemptions include Michael Catanzaro, a domestic energy and environmental policy adviser. Catanzaro was granted permission to work on ... matters of interest to his former energy sector clients, including emissions regulations, clear air standards and renewable fuel standards. Shahira Knight, a White House adviser on tax and retirement policy, received a waiver to participate in a range of tax and financial policy matters. Knight, a former tax lobbyist, served as vice president of Fidelity Investments' public affairs and policy group. Trump's predecessors also issued ethics waivers to appointees who had potential conflicts of interest. The Obama administration handed out at least 66 such exemptions.

Note: Despite the White House's assurances to the contrary, the NEC's Gary Cohn is reportedly spearheading a plan to sell US infrastructure to large financial firms, including his former employer Goldman Sachs. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

They wanted to kill landmark privacy regulations that would soon ban Internet providers, such as Comcast and AT&T, from storing and selling customers’ browsing histories without their express consent. While the nation was distracted by the House’s pending vote to repeal Obamacare, Senate Republicans would schedule a vote to wipe out the new privacy protections. On March 23, the measure passed on a straight party-line vote, 50 to 48. President Trump signed the bill in early April without ceremony or public comment. “While everyone was focused on the latest headline crisis coming out of the White House, Congress was able to roll back privacy,” said former Federal Communications Commission chairman Tom Wheeler, who worked for nearly two years to pass the rules. The process to eliminate them took only a matter of weeks. The Internet privacy rules were adopted ... after an intense battle that pitted large Internet service providers, the advertising industry and tech giants against consumer advocates and civil rights groups. The rules required Internet service providers to get explicit consent before they gather their customers’ data - their browsing histories, the locations of businesses they physically visit and the mobile applications they use - and sell it to third parties. The requirements were modeled after a law passed decades ago by Congress that prohibited telephone companies from collecting customers’ calling histories and selling the information to third parties.

Note: For more along these lines, see concise summaries of deeply revealing news articles about government corruption and the disappearance of privacy.

President Donald Trump's administration this week touted an infrastructure plan that would sell off public assets to private financial firms. Leading the White House privatization initiative is Gary Cohn, the former president of Goldman Sachs, who received a $285 million dollar payout upon ... taking a job as the director of Trump’s National Economic Council. As Cohn has led the infrastructure privatization initiative from that perch, Goldman Sachs declared that it continues to look at “new business initiatives” that revolve around taking ownership of public assets, according to Securities and Exchange Commission documents. Cohn is spearheading the administration’s infrastructure policy despite a White House official telling Bloomberg News in February that he “will recuse himself from participating in any matter directly involving his former employer.” That pledge seemed at the time to show that Cohn was following ethics rules ... enacted in January. Those rules require federal officials to sign an ethics pledge in which they agree to wait two years before they “participate in any particular matter involving specific parties that is directly and substantially related to my former employer.” Those rules, however, empower Trump to waive the restrictions whenever he wants. Whether or not Cohn has received such a waiver remains secret: the administration has not released a list of waivers, and has moved to block federal agencies from disclosing such waivers to federal ethics regulators.

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