Corporate Corruption News Articles

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Dr. Anthony Fauci, White House Press Secretary Karine Jean-Pierre, other Biden administration officials and five social media companies have 30 days to respond to subpoenas in a lawsuit alleging collusion to suppress freedom of speech. Discovery requests were served to ask for information and documents from ... NIAID, CDC, ... Surgeon General Vivek Murthy, and Nina Jankowicz, who led the DHS Disinformation Governance Board until it was disbanded. Also requested were any communications to any social media platform relating to the "Great Barrington Declaration," [which] was published in response to COVID-19 policies that recommended "focused protection," an approach to reaching herd immunity by allowing those at minimal risk of death to live normal lives by building up immunity through natural infection while protecting those at highest risk. A media release from [Missouri Attorney General Eric] Schmitt ... stated information requested was identifying all communications with any social media platform relating to content modulation and/or misinformation. It requests all communications with Mark Zuckerberg from Jan. 1, 2020, to the present. "In May, Missouri and Louisiana filed a landmark lawsuit against top-ranking Biden Administration officials for allegedly colluding with social media giants to suppress free speech on topics like COVID-19 and election security," Schmitt said. "Earlier this month, a federal court granted our motion for expedited discovery. We will fight to get to the bottom of this alleged collusion and expose the suppression of freedom of speech by social media giants at the behest of top-ranking government officials.”

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Public health initiatives in the United States are suffering from a crisis of trust. Recent polls show that only a third of the public trusts insurance and pharmaceutical companies, while just 56 percent trust the government health agencies that are meant to regulate these industries. Another survey during the COVID-19 pandemic showed that only around half of Americans have a "great deal" of trust in the CDC, while a mere third have such trust in the Department of Health and Human Services. When the mRNA vaccines for COVID-19 were made available to the public free of charge, a national conversation began about "vaccine hesitancy"–the phenomenon of Americans choosing not to be vaccinated even when incentivized and, in some cases, coerced. Americans had watched public health experts lie, misdirect, ignore evidence and yield to professional pressure. Few wanted to be their guinea pigs. Not all the COVID-19 gaslighting was the fault of the media or politicians - much was implemented by experts abusing their apolitical position of trust. The experts ... including Drs. Deborah Birx and Anthony Fauci, insisted on the most asinine and evidence-free preventative measures, including facial coverings, lockdowns and social distancing. Their insulated role as health advisers enabled them to manipulate health policy in ways that benefited only themselves. The most stark example was the corruption of data collection at the Center for Disease Control–a scandal that crashed public trust to a new low.

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Facebook prohibits gun sales on its service. But buyers and sellers can violate the rule 10 times before they are kicked off the social network, according to internal guidance obtained by The Washington Post. The policy, which has not previously been reported, is much more lenient than for users who post child pornography, which is illegal, or a terrorist image, which prompts immediate removal from the platform. A separate, five-strikes policy extends even to gun sellers and purchasers who actively call for violence. Facebook's gun policies have long been a source of contention among the company's senior leadership and policymaking teams, who have been torn between the platform's support of free speech and public pressure to curtail weapons sales. Gun sellers have seized on loopholes within Facebook's policy. Journalists have repeatedly uncovered strategies sellers use to evade bans while reaching potential customers in dedicated Facebook groups or on Facebook Marketplace, the company's classified services. One tactic is advertising gun accessories, like holsters or cases, which are permitted for sale on the platform; once a customer contacts the seller, a gun can be sold in Facebook's private messages. After responding to several listings for gun cases, a Post reporter received three private messages with offers to purchase a gun. Joel Kaplan, vice president of global public policy ... said that banning transactions of a product that was both legal and highly popular would alienate the political right.

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Some of the nation's largest retailers have been using soaring inflation rates as an excuse to raise prices and rake in billions of dollars in additional profit, a corporate watchdog group charged. The new figures comes as companies enjoy their most profitable year since the 1950s. Pre-tax profits last year soared 25% from 2020, far outpacing the increase in consumer prices. The report highlights an ongoing debate about the causes of inflation, with some consumer advocates arguing that corporations are using inflation as a justification for passing on even higher price hikes to consumers. Accountable.US said it examined the financial statements of the nation's top 10 retailers over the past two years – including Lowe's and Target – and found that they collectively increased their profits by $24.6 million for a grand total of $99 billion. The report notes, among other examples, that Lowe's recorded $8.4 billion in profit in its most recent quarter as it touted its "new pricing strategies." TJX, parent company of TJ Maxx, Marshalls and Home Goods, saw last year's profits soar to $3.3 billion as the CEO spoke about the company's "aggressive" price increases. "It's time corporations finally help shoulder the burden average Americans have taken on throughout the health crisis," [Accountable.US President Kyle] Herrig said. "Corporations can start by stabilizing prices for consumers instead of pursuing even higher profits – on top of finally paying their fair share in taxes."

Note: Just like big Pharma with COVID, the major corporations are profiting hugely from our misery. Here's another revealing report shows major food producing corporations marking up prices while raking in huge profits. You might also explore key excerpts of news articles on corporate corruption from reliable media sources.

The new owner took over the Oyster Creek Nuclear Generating Station in 2019, promising to dismantle one of the nation's oldest nuclear plants at minimal cost and in record time. Then came a series of worrisome accidents. One worker was struck by a 100-ton metal reactor dome. Another was splashed with radioactive water. Another worker drove an excavator into an electrical wire on his first day on the job, knocking out power to 31,000 homes and businesses. All three incidents occurred on the watch of Holtec International. In the nearly three years Holtec has owned Oyster Creek, regulators have documented at least nine violations of federal rules. During the lifetime of America's 133 nuclear reactors, ratepayers paid small fees on their monthly energy bills to fill decommissioning trust funds. Trust funds for the country's 94 operating and 14 nonoperating nuclear reactors now total about $86 billion. After a reactor is dismantled ... some of these trust funds must return any money left over to ratepayers. But others permit cleanup companies to keep any surplus as profit – creating incentives to cut costs at sites that house some of the most dangerous materials on the planet. Even after reactors are shut down, long metal rods containing radioactive pellets – known as spent fuel – are stored steps away, in cooling pools and steel-and-concrete casks. Nuclear safety experts say that an industrial accident or a terrorist attack at any of these sites could result in a radiological release with severe impacts.

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About 20m acres of cropland in the United States may be contaminated from PFAS-tainted sewage sludge that has been used as fertilizer, a new report estimates. PFAS, or per- and polyfluoroalkyl substances, are a class of about 9,000 compounds used to make products heat-, water- or stain-resistant. Known as "forever chemicals" because they don't naturally break down, they have been linked to cancer, thyroid disruption, liver problems, birth defects, immunosuppression and more. Dozens of industries use PFAS in thousands of consumer products, and often discharge the chemicals into the nation's sewer system. The analysis ... is an attempt to understand the scope of cropland contamination stemming from sewage sludge, or biosolids. Regulators don't require sludge to be tested for PFAS or closely track where its spread, and public health advocates warn the practice is poisoning the nation's food supply. Sludge is a byproduct of the wastewater treatment process that's a mix of human excrement and industrial waste, like PFAS, that's discharged from industry's pipes. EPA records show over 19bn pounds of sludge has been used as fertilizer since 2016 in ... 41 states. It's estimated that 60% of the nation's sludge is spread on cropland or other fields annually. The consequences are evident in the only two states to consistently check sludge and farms for PFAS contamination. In Maine, PFAS-tainted fields have already forced several farms to shut down.

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As inflation shot to a new peak in March, cost increases exacted a deep toll on the economy. But for many of the US's largest companies and their shareholders it has been a very different story. A Guardian analysis of top corporations' financials and earnings calls reveals most are enjoying profit increases even as they pass on costs to customers, many of whom are struggling to afford gas, food, clothing, housing and other basics. The analysis of Securities and Exchange Commission filings for 100 US corporations found net profits up by a median of 49%, and in one case by as much as 111,000%. Those increases came as companies saddled customers with higher prices and all but ten executed massive stock buyback programs or bumped dividends to enrich investors. In earnings calls, executives detailed how even as demand and profits rose post-vaccine, they passed on most or all inflationary costs to customers via price increases, and some took the opportunity to add more on top. Margins – the share of sales converted into profits – also improved for the majority of the companies. The Guardian's findings are in line with recent US commerce department data that shows corporate profits rose 35% during the last year and are at their highest level since 1950. Inflation, meanwhile, rose to 8.5% year over year in March. The Guardian's data ... objectively shows a massive "transfer of wealth" from consumers, who pay higher prices, to shareholders and investment firms.

Note: Meanwhile global poverty has skyrocketed. Do the billionaires really care? For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

The nation's biggest oil and gas companies have significantly increased stock buybacks and dividends since Russia invaded Ukraine in late February, raising questions about whether the firms are using wartime profits to enrich investors instead of curbing Americans' pain at the pump. The report released today by Friends of the Earth, Public Citizen and BailoutWatch turns up the heat on the fossil fuel industry ahead of two high-profile congressional hearings this week, when Democrats plan to scrutinize the industry's windfall profits amid rising crude prices sparked by the war in Ukraine. The three groups looked at Securities and Exchange Commission filings and public statements from the 20 largest U.S.-headquartered oil and gas companies. In January and February, seven companies' boards authorized their corporate treasuries to buy back and retire $24.35 billion in stock – a 15 percent increase over all of the buybacks authorized in 2021. Six of those decisions came in February, after fears of Russian aggression against Ukraine lifted stock prices. In total, the 20 companies announced $45.6 billion in stock buybacks since the start of 2021. More than half of the companies boosted their dividends in January and February. Of the 11 companies raising their dividends, nine were increases of more than 15 percent and four were increases of more than 40 percent.

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As Russia perpetrates war crimes against the people of Ukraine, the fossil fuel industries in Colorado and across the country are licking their collective chops and preparing to cash in on the crisis, likely generating yet another round of record profits in adherence to one of the most famous maxims, often attributed to Winston Churchill, "Never let a good crisis go to waste." The price of gasoline is high right now. Big Oil is exploiting the Russian invasion of Ukraine and its effects on the price of gas to run up record profits. At the end of 2021, BP, Exxon Mobil, Shell, and Chevron all reported the highest profits they've seen since 2014, and every single company attributed those record profits to surging oil prices as post-pandemic demand increased and supply had not yet met that demand. Last week, White House Press Secretary Jen Psaki pointed out that U.S. oil companies are sitting on over 9,000 federal drilling permits, claiming that these should be tapped before additional leases are granted. The industry balked, arguing that "developing a lease takes years and substantial effort to determine whether the underlying geology holds commercial quantities of oil and/or gas," undermining their own point while they're making it: if it takes so long to produce oil from a new lease, how on earth would issuing new leases have any discernible effect on gas prices today? When record-high prices coincide with record profits, as they almost always do, it is lunacy to ignore the obvious connection between the two.

Note: Explore an alternative viewpoint on the Ukrainian situation from a respected source. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

The lobbying industry had a record year in 2021, taking in $3.7 billion in revenue as companies, associations and other organizations pressed Congress and the Biden administration over trillions of dollars in new pandemic spending and rules affecting health care, travel, tourism and other industries. The revenue figures, compiled in recent weeks from government records by OpenSecrets, show that lobbying spending began steadily growing in 2017. The jump in 2021, when lobbying spending was about 6 percent higher than 2020, came as the government's pandemic interventions and record expenditure took center stage. The surge came as companies and associations aimed to roll back regulations on their industries – many of them pandemic-related – while others vied for a slice of the trillions in new spending. Manufacturers, unions, financial companies and technology firms all spent significantly more in 2021 than in previous years. Thousands of companies and organizations appeared to hire lobbyists for the first time during the pandemic, as more than 3,700 companies and other groups that spent no money lobbying the government in 2019 paid lobbyists last year. The pharmaceutical industry, regularly one of the biggest spenders in Washington, also increased its spending. Its top trade group, the Pharmaceutical Research & Manufacturers of America (PhRMA), topped $30 million in spending last year, up 17 percent from the year prior.

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Oil and gas companies and lobby groups in Canada are heavily investing in campaigns to present themselves as defenders of Indigenous interests in the face of high-profile protests against a controversial natural gas pipeline on First Nation land. "I'm being a steward to my land and I'm being a defender," read one of 21 ads targeting British Columbia in November 2021, quoting a Coastal GasLink worker from Nak'azdli Whut'en' First Nation. As the ad conveying Indigenous support for the pipeline appeared on the Facebook and Instagram feeds of people in the Canadian province, 30 Wet'suwet'en Nation members and supporters were being violently evicted from their territory along the pipeline. The fossil fuel groups spent some C$122,000 (US$95,249) on more than 400 targeted Facebook and Instagram ads. The vast majority of the ads, which were shown some 21m times in total, were linked to the Coastal GasLink pipeline, the site of intense protest and violent police crackdown in recent years. The construction of the 670km pipeline through unceded Wet'suwet'en territory – land never signed away to the Canadian government – has sparked nationwide protests in recent years. Analysis of Facebook advertisements ... by Eco-Bot.Net, a research project exposing climate crisis misinformation and corporate greenwashing online, has found a steady flow of "Indigenous-washing" ad campaigns from TC Energy, the company behind the pipeline, and associated oil and gas lobby groups.

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"Would you like to sign in with your palm?" That was the question a cheerful Amazon employee posed when greeting me last week at the opening of a Whole Foods Market in Washington's Glover Park neighborhood. For the next 30 minutes, I shopped. Then I simply walked out, no cashier necessary. Whole Foods – or rather Amazon – would bill my account later. More than four years ago, Amazon bought Whole Foods for $13 billion. Now the Amazon-ification of the grocery chain is physically complete. Amazon designed my local grocer to be almost completely run by tracking and robotic tools for the first time. The technology, known as Just Walk Out, consists of hundreds of cameras with a god's-eye view of customers. Sensors are placed under each apple, carton of oatmeal and boule of multigrain bread. Deep-learning software analyzes the shopping activity to detect patterns and increase the accuracy of its charges. The Whole Foods in Glover Park ... has sparked a spirited local debate, with residents sparring on the Nextdoor community app and a neighborhood email list over the store's "dystopian" feeling versus its "impressive technology." Some ... said they had found errors in their bills and complained about the end of produce by the pound. Everything is now offered per item, bundle or box. Some mourned the disappearance of the checkout line, where they perused magazines. Many were suspicious of the tracking tech. "It's like George Orwell's ‘1984,'" said Allen Hengst, 72, a retired librarian.

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The fallout from a huge leak of Credit Suisse banking data threatened to damage Switzerland's entire financial sector on Monday after the European parliament's main political grouping raised the prospect of adding the country to a money-laundering blacklist. The European People's party (EPP), the largest political grouping of the European parliament, called for the EU to review its relationship with Switzerland and consider whether it should be added to its list of countries associated with a high risk of financial crime. Experts said that such a move would be a disaster for Switzerland's financial sector, which would face the kind of enhanced due diligence applied to transactions linked to rogue nations including Iran, Myanmar, Syria and North Korea. The EPP released the proposal after media outlets including the Guardian, SĂĽddeutsche Zeitung, the Organized Crime and Corruption Reporting Project (OCCRP), and Le Monde revealed how a massive leak of Credit Suisse data had uncovered apparently widespread failures of due diligence by the bank. The investigation, called Suisse secrets, identified clients of the Swiss bank who had been involved in torture, drug trafficking, money laundering, corruption and other serious crimes. The country's addition to the EU high-risk third countries list would mean regulated professions, such as bankers, lawyers and accountants, would be required to conduct enhanced due diligence on any transaction or commercial relationship with a person or company in the country.

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A foundation representing the vaccine maker BioNTech has been accused of seeking to undermine the World Health Organization's initiative to bring covid vaccine manufacturing to the African continent. The kENUP Foundation, a consultancy hired by BioNTech, has claimed that WHO's hub, which is creating a covid-19 mRNA vaccine that African companies can make, is unlikely to be successful and will infringe on patents, documents obtained by The BMJ have shown. Instead, they show kENUP promoting BioNTech's proposal to ship mRNA factories housed in sea containers from Europe to Africa, initially staffed with BioNTech workers, and a proposed new regulatory pathway to approve the vaccines made in these factories. The novel pathway has been described as paternalistic and unworkable. The move threatens the pan-African venture backed by WHO that seeks to scale up African production of lifesaving vaccines from 1% to 60% by 2040. WHO's technology transfer hub, launched in June 2021 and based in South Africa, uses publicly available information to recreate Moderna's vaccine, to teach companies and scientists across the continent how to use mRNA technology. It will then develop a comparable vaccine, which, if successful in clinical trials and approved by regulators, it will manufacture industrially. In a document sent to South African government officials after a visit to the country on 11-14 August last year, the kENUP Foundation said that the hub's activity should be stopped.

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Pfizer Inc wants to intervene in a Texas federal lawsuit seeking information from the U.S. Food and Drug Administration used in licensing the company's COVID-19 vaccine, a litigation move that plaintiffs who are suing for the data say is premature. Pfizer's lawyers at DLA Piper told U.S. District Judge Mark Pittman on Jan. 21 it wanted a role in the proceedings to help the FDA avoid "inappropriately" disclosing trade secret and confidential commercial information. On Tuesday night, the group of doctors and scientists who sued last year over public access to the FDA's Pfizer licensing records said in a court filing that the company's bid to jump into the lawsuit was untimely because the plaintiffs have not challenged any redactions to requested records. Earlier this month, the judge ordered a fast-track release of hundreds of thousands of documents, calling the case "of paramount public importance." U.S. government agencies control the release of information under federal public-records laws, but companies can challenge and even sue to block the disclosure of certain details. The FDA earlier drew criticism over its plan to release 500 pages a month in response to the lawsuit from Public Health and Medical Professionals for Transparency, a production schedule that would take more than 50 years to complete. In its filing, Pfizer said the company supports public disclosure of FDA records "to promote transparency and the public's confidence in the vaccine."

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Pfizer reported that earnings and sales more than doubled in the past quarter, and it raised its outlook for results the full year, thanks greatly to its Covid-19 vaccine. The company reported adjusted earnings of $7.7 billion, up 133% from a year earlier. Revenue soared to $24.1 billion, up 134%. Both easily cleared results forecast by analysts. The vaccine business alone was responsible for more than 60% of the company's sales, as vaccine revenue rose to $14.6 billion from only $1.7 billion a year earlier. The company said its Covid vaccine sales accounted for $13 billion of that revenue. Revenue outside of its Covid vaccine business was up a far more modest 7%. This year, the Covid vaccine has brought in revenue of $24.3 billion. And Pfizer said it expects a total of $36 billion from the vaccine for all of 2021 – nearly $12 billion more in revenue the final quarter of the year. And it said based on contracts it now has signed it expects revenue $29 billion from the Covid vaccine in 2022. The company said it now expects full-year 2021 revenue of between $81 billion to $82 billion, up $2 billion from its earlier guidance. It also raised its earnings per share outlook by about 3% to 5% above what it had been expected to earn. About 67% of the total US population has had a least one dose of a Covid vaccine, and 58% are fully vaccinated, according to data tracked by the Mayo Clinic.

Note: Explore hundreds of personal stories of severe vaccine injury and death that are being strongly suppressed by government and the major media. An MD's excellent research reveals that the government knew about and actively suppressed safe, effective, low-price treatments for COVID and targeted physicians who prescribed them. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines and Big Pharma profiteering from reliable major media sources.

The Environmental Protection Agency has withheld information from the public since January 2019 about the dangers posed by more than 1,200 chemicals. By law, companies must give the EPA any evidence they possess that a chemical presents "a substantial risk of injury to health or the environment." Until recently, the agency had been making these reports – known as 8(e) reports, for the section of the Toxic Substances Control Act that requires them – available to the public. But since 2019, the EPA has only posted one of the reports to its public website. During this time, chemical companies have continued to submit the critical studies to the agency, according to two EPA staff members with knowledge of the matter. Since January 2019, the EPA has received at least 1,240 reports documenting the risk of chemicals' serious harms, including eye corrosion, damage to the brain and nervous system, chronic toxicity to honeybees, and cancer in both people and animals. PFAS compounds are among the chemical subjects of these notifications. Not only has the agency kept all but one of these reports from the public, but it has also made them difficult for EPA staff to access, according to the two agency scientists, who are choosing to remain anonymous. The substantial risk reports have not been uploaded to the databases used most often by risk assessors searching for information about chemicals. They have been entered only into an internal database that is difficult to access and search.

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Just two days after the U.S. ended its 20-year war in Afghanistan, more than a dozen Democrats with strong ties to the military establishment defied President Joe Biden and voted to add nearly $24 billion to the defense budget for fiscal year 2022. On Wednesday, 14 Democrats joined 28 Republicans on the House Armed Services Committee to adopt an amendment from Rep. Mike Rogers, R-Ala., to the fiscal year 2022 defense authorization bill that would boost Biden's $715 billion spending proposal to $738.9 billion. The move follows the Senate Armed Services Committee's vote to similarly raise the top line to more than $740 billion in its July markup of the bill. Many of the Democrats who voted for the $24 billion increase have close ties to the defense establishment. Their districts are home to job-promoting manufacturing sites and military bases. Many of the Democrats have also received generous campaign donations from contractors. In fact, Federal Election Commission data shows that in the first six months of this year, the 14 Democrats collectively received at least $135,000 from PACs representing the country's top 10 defense vendors: Lockheed Martin, Raytheon, Boeing, Northrop Grumman, General Dynamics, L3Harris, Huntington Ingalls Industries, Leidos, Honeywell, and Booz Allen Hamilton.

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As Purdue Pharma seeks approval for a controversial bankruptcy settlement, it has retained the services of highly compensated lobbying firms Brownstein Hyatt Farber Schreck and Capitol Hill Consulting Group. At the Purdue Pharma bankruptcy trial that began Thursday, Judge Robert Drain is widely expected to approve a proposed settlement of the Purdue Pharma bankruptcy that would release members of the billionaire Sackler family, the company's owners, from all current and future opioid-related civil claims. In the year and a half leading up to the trial, Purdue spent at least $1.2 million on federal lobbying expenses as it worked toward the settlement, an Intercept review of lobbying records shows. If the settlement is approved, the Sacklers will be making a contribution of $4.28 billion, which will leave them with over $6 billion at minimum in total assets – money that will be effectively untouchable by opioid crisis victims, even though it is Purdue going bankrupt, not the Sacklers. "This whole bankruptcy was the Sacklers trying to buy immunity," said activist Ed Bisch, who lost his son to an OxyContin overdose in 2001 and is a claimant and active opponent of the settlement. "The only question was what would be the price." Among the lobbyists paid by Purdue Pharma – maker of the opioid painkiller OxyContin – since it filed for bankruptcy reorganization in September 2019 are politically connected Brownstein Hyatt, which received $480,000, and Capitol Hill Consulting Group, which got $300,000.

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Pension funds, investment firms and Wall Street banks are snapping up family homes in Europe and the United States at a rapid pace as prices rocket higher. At the same time, the soaring cost of home ownership means that growing numbers of younger Americans and Brits renting rather than buying houses as they start families. Some of them may find their next landlord is based on Wall Street or in London's financial district. Analysts argue that this will improve standards in the rental sector. But some tenants who rent from corporate landlords dispute this, alleging substandard services and excessive rent increases. If investors are hoovering up existing properties that would otherwise have been sold to individuals, that could squeeze out first-time buyers. Household incomes in the United States and United Kingdom have not kept pace with rising home values in recent years, a trend made worse by the pandemic, which has sent average house prices in both markets to record highs. Invitation Homes, America's biggest single-family home leasing company with some 81,000 houses, is currently facing two lawsuits brought by tenants in California and Maryland who claim that the company's late rent fees constitute illegal penalties under state laws. Current and former tenants of the company ... painted a picture of an uncaring landlord, slow to make repairs and quick to threaten eviction when rent payments are overdue or withheld because of unresolved maintenance issues.

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