Corporate Corruption News Articles

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Wall Street's five biggest firms are paying a record $39 billion in bonuses for 2007. It was a year when three of the firms suffered their worst quarterly losses in history and shareholders lost over $80 billion. Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns together awarded $65.6 billion in compensation and benefits last year to their 186,000 employees. That means year-end bonuses, at 60% of the total, exceeded the $36 billion distributed in 2006 when the industry reported all-time high profits. The firms have said they are eliminating at least 6,200 jobs amid mounting losses from the subprime mortgage mess. The payouts come as the economy slows, with unemployment rising, retail sales declining and new home foreclosures surging to a record. The industry's bonuses are larger than the gross domestic products of Sri Lanka, Lebanon or Bulgaria, and the average bonus of $219,198 is more than four times higher than the median U.S. household income in 2006, according to Census Bureau data. Shareholders in the securities industry endured their worst year since 2002, as Merrill and Bear Stearns slumped more than 40% and the CEOs at both firms gave up their jobs. Morgan Stanley fell 21% and Lehman dropped 16%. Only Goldman rose, gaining 7.9%.

Note: For lots more on escalating income inequality, click here.

The Prince Group, the holding company that owns Blackwater Worldwide, has been building an operation that will [develop] intelligence ... for clients in industry and government. The operation, Total Intelligence Solutions, has assembled a roster of former ... high-ranking figures from agencies such as the CIA and defense intelligence. Its chairman is Cofer Black, the former head of counterterrorism at CIA known for his leading role in many of the agency's more controversial programs, including the rendition and interrogation of ... suspects and the detention of some of them in secret prisons overseas. Its chief executive is Robert Richer, a former CIA associate deputy director of operations who was heavily involved in running the agency's role in the Iraq war. Because of its roster and its ties to owner Erik Prince, the multimillionaire former Navy SEAL, the company's thrust into this world highlights the blurring of lines between government, industry and activities formerly reserved for agents operating in the shadows. Richer, for instance, once served as the chief of the CIA's Near East division and is said to have ties to King Abdullah of Jordan. The CIA had spent millions helping train Jordan's intelligence service in exchange for information. Now Jordan has hired Blackwater to train its special forces. "Cofer can open doors," said Richer, who served 22 years at the CIA. "I can open doors. We can generally get in to see who we need to see. We ... can deal with the right minister or person." "They have the skills and background to do anything anyone wants," said RJ Hillhouse, who writes a national security blog called The Spy Who Billed Me. "There's no oversight. They're an independent company offering freelance espionage services. They're rent-a-spies."

Using a mobile phone for more than 10 years increases the risk of getting brain cancer, according to the most comprehensive study of the risks yet published. The study – which contradicts official pronouncements that there is no danger of getting the disease – found that people who have had the phones for a decade or more are twice as likely to get a malignant tumour on the side of the brain where they hold the handset. The scientists who conducted the research say using a mobile for just an hour every working day during that period is enough to increase the risk – and that the international standard used to protect users from the radiation emitted is "not safe" and "needs to be revised". They conclude that "caution is needed in the use of mobile phones" and believe children, who are especially vulnerable, should be discouraged from using them at all. Official assurances that the phones are safe have been based on research that has, at best, included only a few people who have been exposed to the radiation for long enough to get the disease, and are therefore of little or no value in assessing the real risk. The scientists pulled together the results of the 11 studies that have so far investigated the occurrence of tumours in people who have used phones for more than a decade, drawing on research in Sweden, Denmark Finland, Japan, Germany, the United States and Britain. They found almost all had discovered an increased risk, especially on the side of the head where people listened to their handsets. [One of the study's authors] said he uses a mobile phone as little as possible, and urges others to use hands-free equipment and make only short calls, reserving longer ones for landlines. He also said that mobiles should not be given to children, whose thinner skulls and developing nervous systems make them particularly vulnerable.

Note: Evidence has been mounting for some years that cell phones and wireless technology (WiFi) have significant health risks. For a recent brief summary by a highly respected scientist, click here.

Employees of Blackwater USA have engaged in nearly 200 shootings in Iraq since 2005, in [the] vast majority of cases firing their weapons from moving vehicles without stopping to count the dead or assist the wounded, according to a new report from Congress. In at least two cases, Blackwater paid victims’ family members who complained, and sought to cover up other episodes, the Congressional report said. It said State Department officials approved the payments in the hope of keeping the shootings quiet. In one case last year, the department helped Blackwater spirit an employee out of Iraq less than 36 hours after the employee, while drunk, killed a bodyguard for one of Iraq’s two vice presidents on Christmas Eve. The report ... adds weight to complaints from Iraqi officials, American military officers and Blackwater’s competitors that company guards have taken an aggressive, trigger-happy approach to their work and have repeatedly acted with reckless disregard for Iraqi life. But the report is also harshly critical of the State Department for exercising virtually no restraint or supervision of the private security company’s 861 employees in Iraq. “There is no evidence in the documents that the committee has reviewed that the State Department sought to restrain Blackwater’s actions, raised concerns about the number of shooting episodes involving Blackwater or the company’s high rate of shooting first, or detained Blackwater contractors for investigation,” the report states. Based on 437 internal Blackwater incident reports as well as internal State Department correspondence, the report said Blackwater’s use of force was “frequent and extensive, resulting in significant casualties and property damage.” The State Department ... has paid Blackwater more than $832 million for security services in Iraq and elsewhere, under a diplomatic security contract it shares with two other companies, DynCorp International and Triple Canopy.

The Shock Doctrine is [Naomi] Klein’s ambitious look at the economic history of the last 50 years and the rise of free-market fundamentalism around the world. “Disaster capitalism,” as she calls it, is a violent system that ... requires terror to do its job. Extreme capitalism loves a blank slate, often finding its opening after crises or “shocks.” Klein compares radical capitalist economic policy to shock therapy administered by psychiatrists. She interviews Gail Kastner, a victim of covert C.I.A. experiments in interrogation techniques that were carried out by the scientist Ewen Cameron in the 1950s. His idea was to use electroshock therapy to break down patients. Once “complete depatterning” had been achieved, the patients could be reprogrammed. For Klein the larger lessons are clear: “Countries are shocked — by wars, terror attacks, coups d’état and natural disasters.” Then “they are shocked again — by corporations and politicians who exploit the fear and disorientation of this first shock to push through economic shock therapy.” People who “dare to resist” are shocked for a third time, “by police, soldiers and prison interrogators.” Klein offers an account of Milton Friedman — she calls him “the other doctor shock”. In the 1950s, as Cameron was conducting his experiments, the Chicago School was developing the ideas that [dominate capitalist planning today]. She quotes the Chilean economist Orlando Letelier on the “inner harmony” between the terror of the Pinochet regime and its free-market policies. Letelier said that Milton Friedman shared responsibility for the regime’s crimes, rejecting his argument that he was only offering “technical” advice. Letelier was killed in 1976 by a car bomb planted in Washington [DC]. For Klein, he was another victim of the “Chicago Boys” who wanted to impose free-market capitalism on the region. “In the Southern Cone, where contemporary capitalism was born, the ‘war on terror’ was a war against all obstacles to the new order,” she writes.

Note: For highly revealing, verifiable information on government mind control programs, click here.

A consumer advocacy group [has] released a study alleging credit card companies use arbitration firms that they know will rarely rule in favor of consumers. Nearly all credit card customer service agreements mandate binding arbitration because it is a cheaper and faster way to resolve disputes, industry officials say. Public Citizen though says the companies hire arbitration firms that almost always rule in favor of the card issuer. Arbitration firms used by companies such as Mastercard Inc., Visa, Discover Financial Services LLC and American Express Co. ruled against consumers in 32,300 of 34,000 disputes that went to arbitration, according to Public Citizen's study. 'This is a system that is unfair to consumers,' Joan Claybrook, the group's president said at a press briefing. Sen. Russ Feingold, D-Wis. and Rep Hank Johnson, D-Ga., attended the briefing to say they have introduced legislation that would let credit card customers choose arbitration or civil court in a dispute. 'People shouldn't have to give up their legal rights just to get a credit card,' Claybrook said. Public Citizen's study singled out arbitration disputes in California because it is the only state that requires arbitration resolutions be disclosed. Public Citizen also singled out the Minneapolis-based National Arbitration Forum, which has arbitrated many of the disputes analyzed.

Many writers have pointed to the havoc and ruin that have accompanied the imposition of free markets across the world. Whether in Africa, Asia, Latin America or post-communist Europe, policies of wholesale privatisation and structural adjustment have led to declining economic activity and social dislocation on a massive scale. Anyone who has watched a country lurch from one crisis to another as the bureaucrats of the IMF impose cut after cut in pursuit of the holy grail of stabilisation will recognise the process Naomi Klein describes in her latest and most important book to date. As Klein sees it, the social breakdowns that have accompanied neo-liberal economic policies are not the result of incompetence or mismanagement. They are integral to the free-market project, which can only advance against a background of disasters. There are very few books that really help us understand the present. The Shock Doctrine is one of those books. Ranging across the world, Klein exposes the strikingly similar policies that enabled the imposition of free markets in countries as different as Pinochet's Chile, Yeltsin's Russia, China and post-Saddam Iraq. But has the free market experiment failed? As Klein sees it, free market shock therapy may actually have succeeded in achieving its true objectives. Post-invasion Iraq may be "a ghoulish dystopia where going to a simple business meeting could get you lynched, burned alive or beheaded". Even so, Klein points out, Halliburton is making handsome profits.

Note: Read more from Naomi Klein about disaster profiteering. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world from reliable major media sources.

Opponents of GE [genetically engineered] food ... say problems suggested in some health studies could take years to show up. Meanwhile, we're eating lots of GE foods anyway, whether we know it or not -- especially in processed foods, because corn, soy and canola are the Big 3 GE food crops." Since our government has refused to label these foods, how do we avoid buying and eating these foods?" asks [Andrew] Kimbrell, an attorney who heads the Washington, D.C.-based Center for Food Safety, a vocal opponent of GE foods. His new book, Your Right to Know: Genetic Engineering and the Secret Changes in Your Food ... answers that question. For conscious eaters, the heart of the book is a 14-page guide to your local supermarket. It tells you which foods are the most likely to contain GE ingredients (chips, snacks and baby formula), which aren't (fruits, vegetables, wheat), and how to read labels for "hidden ingredients" derived from corn, soy or canola (hint: look for high fructose corn syrup, soy lecithin and canola oil). A passport-size version of the guide, small enough to slide into most pockets or purses, comes along with the book. "I wanted to give people a usable tool to avoid these foods so they don't feel so helpless," said Kimbrell. The book isn't intended to present the pros and cons of GE foods. Kimbrell is 100 percent against the technology and spends a lot of time in court fighting companies like Monsanto, to keep GE crops from spreading. The Center for Food Safety also opposes irradiation and food animal cloning, and has labored to keep industry from weakening federal organic standards. In fact, Kimbrell is the man who calls the current administration's efforts to protect food safety "Katrina on a plate."

Within a few hours, Cynthia Kline was dead. She died in an American city with one of the highest concentrations of top-flight medical specialists in the world. And it happened largely because of America's broken health care system - one where 50 million people are entirely without insurance coverage and tens of millions more struggle to have the treatment they need approved. As a result, medical problems go unattended until they reach crisis point. America's health system offers a tremendous paradox. In medical technology and in the scientific understanding of disease, it is second-to-none. And yet many, if not most, Americans are unable to reap the advantages of this. In fact, as The New York Times columnist Paul Krugman has argued, the very proliferation of research and high-tech equipment is part of the reason for the imbalance in coverage between the privileged few and the increasingly underserved masses. "[The system] compensates for higher spending on insiders, in part, by consigning more people to outsider status --robbing Peter of basic care in order to pay for Paul's state-of-the-art treatment," Krugman wrote. "Thus we have the cruel paradox that medical progress is bad for many Americans' health." Having the system run by for-profit insurance companies turns out to be inefficient and expensive as well as dehumanising. America spends more than twice as much per capita on health care as France, and almost two and a half times as much as Britain. And yet it falls down in almost every key indicator of public health, starting ... with infant mortality, which is 36 per cent higher than in Britain.

What Ray Anderson calls his “conversion experience” occurred in the summer of 1994, when he was asked to give the sales force at Interface, the carpet tile company he founded, some talking points about the company’s approach to the environment. So he started reading about environmental issues, and thinking about them, until pretty soon it hit him: “I was running a company that was plundering the earth,” he realized. “I thought, ‘Damn, some day people like me will be put in jail!’” He devoted his speech to his newfound vision of polluted air, overflowing landfills, depleted aquifers and used-up resources. Only one institution was powerful enough and pervasive enough to turn these problems around, he told his colleagues, and it was the institution that was causing them in the first place: “Business. Industry. People like us. Us!" He challenged his colleagues to set a deadline for Interface to become a “restorative enterprise,” a sustainable operation that takes nothing out of the earth that cannot be recycled or quickly regenerated, and that does no harm to the biosphere. The deadline they ultimately set is 2020, and the idea has taken hold throughout the company. Mr. Anderson said that through waste reduction, recycling, energy efficiency and other steps, Interface was “about 45 percent from where we were to where we want to be.” Use of fossil fuels is down 45 percent ... he said, while sales are up 49 percent. Globally, the company’s carpet-making uses one-third the water it used to. The company’s worldwide contribution to landfills has been cut by 80 percent. And in the process, Mr. Anderson has turned into perhaps the leading corporate evangelist for sustainability.

We couldn't pass up mention of the winner of last week's Eco-marathon Americas, a fuel-economy challenge sponsored by Shell Oil Co. A team from Cal Poly San Luis Obispo won the $10,000 grand prize by achieving the equivalent of 1,902.7 miles per gallon on regular gasoline in a student-built vehicle. Granted, the students didn't win in someone's mom's Dodge minivan. Their "car" is a one-occupant streamliner built of carbon fiber composite. At a measly 98 pounds, it weighed less than the driver. And that was 98 pounds including the car's 50-cubic-centimeter Honda engine. "The main reason we do this is because it's a way to encourage students to focus on technical innovation for potential future careers," said David Sexton, president of Shell Oil Products. But there is a practical side to the competition, said Cal Poly team manager Tom Heckel, a junior mechanical engineering major. "Any publicity we can get makes people aware that the 20 mpg or so they're averaging in their cars can be improved on — a lot." The event, held April 14 at the California Speedway in Fontana, was the first time that Shell had brought its 25-year-old Eco-marathon competition to the U.S. The event drew 20 university, college and high school teams from around the U.S. and Canada. Rules called for each vehicle to complete seven 1.45-mile laps around the speedway's inner track, averaging at least 15 mph. Fuel consumption was measured after each attempt and adjusted for ambient temperature and other factors in a complex formula that ends up giving an extrapolation of miles per gallon.

Note: Why would the president of Shell Oil Products state the main reason for this competition is about careers and not finding ways to improve gas mileage? The world record is over 10,000 mpg. How is it that the average car gets only 22 mpg when the Ford Model T got 25 mpg almost 100 years ago? For more, click here.

Ryan Mickle's life was the stuff young bourgeois dreams are made of. Then a year ago ... Mickle began to take stock of his life. He was earning a lot of money but was giving very little of himself. So Mickle ditched his high-paying job to brainstorm a new venture with friend Rod Ebrahimi. The result was Dotherightthing.com, a San Francisco startup that allows users to rank companies based on their social impact on the world. Their site [allows] consumers to influence corporate behavior. The sentiment is summed up in Dotherightthing.com's T-shirt slogan: "It's cool to care." Mickle, 26, and Ebrahimi, 25, are among a growing number of entrepreneurs betting they can build ventures that deliver both financial and social returns. EBay founder Pierre Omidyar has dedicated much of his fortune to helping for-profits and nonprofits alike discover their power to do good. At www.freepledge.com, shoppers buy the same products from the same merchants for the same price, but a percentage is donated to the nonprofit of their choice. Darian Hickman, 28, is designing an online strategy game that turns the players into entrepreneurs who help bring prosperity to impoverished villages in underdeveloped countries. [He was] inspired by Muhammad Yunus, the Nobel prize-winning micro-finance pioneer. Premal Shah [is a] former PayPal executive who is president of online micro-lender Kiva.org. Brian Johnson, 32 ... said he felt uncomfortable with capitalism until he hit on the concept of "using economics as a force for good. How do we live our spiritual ideals and make money?" Now Johnson tries to have it both ways with Zaadz.com, which he describes as MySpace for people who want to change the world.

Note: We encourage you to take some time to explore some of these exciting new adventures which are transforming the face of business and building a brighter future for us all. For more on micro-finance, micro-lending, and how you can help end poverty without donating a penny, click here. And for the profile of website founder Fred Burks on Zaadz.com, click here.

Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928. The top 10 percent, roughly those earning more than $100,000, also reached a level of income share not seen since before the Depression. While total reported income in the United States increased almost 9 percent in 2005, the most recent year for which such data is available, average incomes for those in the bottom 90 percent dipped slightly compared with the year before, dropping $172, or 0.6 percent. The gains went largely to the top 1 percent, whose incomes rose to an average of more than $1.1 million each, an increase of more than $139,000, or about 14 percent. The new data also shows that the top 300,000 Americans collectively enjoyed almost as much income as the bottom 150 million Americans. The top group received 440 times as much as the average person in the bottom half earned, nearly doubling the gap from 1980. The disparities may be even greater. The [IRS] estimates that it is able to accurately tax 99 percent of wage income but that it captures only about 70 percent of business and investment income, most of which flows to upper-income individuals. For Americans in the middle, the share of income taken by federal taxes has been essentially unchanged across four decades. By comparison, it has fallen by half for those at the very top of the income ladder. [Incomes of] the top tenth of a percent and top one-hundredth of a percent ... soared by about a fifth in one year, largely because of the rising stock market and increased business profits.

Hal Taussig wears baggy jeans and fraying work shirts that Goodwill might reject. His shoes have been resoled three times. At age 81, he doesn't own a car. He performs errands and commutes to the office by bicycle. And he has given away millions. Given the fortune that Taussig has made through Untours, his unique travel business, and has given away through the Untours Foundation, you could call him the Un-millionaire. If he so chose, he could be living in a Main Line mansion and driving a Mercedes. But he considers money and what he calls "stuff," beyond what he needs to survive, a burden, an embarrassment. In many respects, he's a 21st-century Thoreau. "Let your capital be simplicity and contentment," the sage of Walden Pond wrote. "Those are my sentiments precisely," says Taussig, who has three children, five grandchildren, and five great-grandchildren. He directs the Untours Foundation, into which he pours all his profits - $5 million since 1992. The money is used to make low-interest loans to ventures and projects that help the needy and jobless - from a craft store in Hanoi to a home-health-care cooperative in Philadelphia. "I invest in entrepreneurial efforts to help poor people leverage themselves out of poverty." "In America, we worship success," he says. "It's a shoddy ethic that leads us to value who we are by what we are." The motto of the Untours Foundation is "a hand up, not a handout." It provides low-interest loans, here and abroad, to create jobs, build low-income housing, and support fair-trade products: goods such as coffee that are sold at a price that guarantees producers and workers a fair wage and decent livelihood.

Note: For an easy way you can use your investments to help families pull out of poverty, click here.

Richard Cotta, CEO of California Dairies Inc., the nation's second-largest dairy cooperative, is guided by a simple business philosophy: "If you want milk with little blue dots, you'll have it, as long as you are willing to pay for it." So, when a string of major customers, including supermarket giant Safeway, came to his co-op saying they would no longer accept milk from cows treated with a genetically engineered growth hormone, the co-op bowed to the inevitable. In January, California Dairies' board voted to ask its members not to inject synthetic bovine growth hormone into their cows. The action by a co-op that ships 50 million pounds of milk every day is part of a sweeping, consumer-driven agricultural makeover. Demand for natural foods is rising, while increasing numbers of consumers are avoiding products that rely on antibiotics or growth hormones. And food retailers are listening. Recombinant bovine somatotropin, or rbST, was approved by the Food and Drug Administration 14 years ago. It sustains lactation by stimulating cows' appetites so they eat more and produce more milk, perhaps an extra 5 quarts per day. The European Union, Japan, Canada and Australia did not approve rbST. The reasons included questions about human and animal safety, as well social and economic considerations. Research that shows injections of rbST increase another hormone, insulin-like growth factor 1, or IGF-1, in cows. Too much IGF-1 in humans is linked with increased rates of colon, breast and prostate cancer. Synthetic hormone use also ... leads to increased use of antibiotics, whose overuse is already a serious problem in the livestock industry.

Note: For many years the media has avoided even mentioning the major controversy over growth hormone use in milk and other animal products. To better understand how the mass media and big industry sometimes work together for profit at the expense of your health, click here.

The Bush Administration has run a systematic campaign to play down the dangers of climate change, demanding hundreds of politically motivated changes to scientific reports and muzzling a pre-eminent expert on global warming, the US Congress has been told. The testimony ... painted the Administration as determined to maintain its line on climate change even when it clashed with the findings of scientific experts. The Administration has moved to exercise control over environmental agencies by installing political appointees including a former oil industry lobbyist, Philip Cooney, as chief of staff of the Council on Environmental Quality. In 2003 Mr Cooney and other senior appointed officials made at least 181 changes to a strategic plan on climate change to play down the scientific consensus on global warming. They made a further 113 alterations to minimise the human role in climate change. "These changes must be made," a note in Mr Cooney's handwriting says. Under heated questioning, Mr Cooney admitted the changes were all intended to cast doubt on the impact of global warming. Control from the White House became the norm, [NASA's Dr. James] Hansen told the committee. "Scientific press releases were going to the White House for editing," he said. "It's very unfortunate that we developed this politicisation of science. The public relations office should be staffed by expert appointees - otherwise they become offices of propaganda." Hansen was also restrained from giving press interviews by a junior political appointee, George Deutsch. Mr Deutsch left NASA early last year after it emerged he had falsified his CV.

When you buy a gallon of organic milk, you expect to get tasty milk from happy cows who haven't been subjected to antibiotics, hormones or pesticides. But you might also unknowingly be getting genetically modified cattle feed. Albert Straus, owner of the Straus Family Creamery ... decided to test the feed that he gives his 1,600 cows last year and was alarmed to find that nearly 6% of the organic corn feed he received from suppliers was "contaminated" by genetically modified (GM) organisms. Organic food is, by definition, supposed to be free of genetically modified material. But as GM crops become more prevalent, there is little that an organic farmer can do to prevent a speck of GM pollen or a stray GM seed from being blown by the wind onto his land. In 2006, GM crops accounted for 61% of all the corn planted in the U.S. and 89% of all the soybeans. So Straus and five other natural food producers, including industry leader Whole Foods, announced last week that they would seek a new certification for their products, "non-GMO verified," in the hopes that it will become a voluntary industry standard for GM-free goods. In a few weeks, Straus expects to become the first food manufacturer in the country to carry the label in addition to his "organic" one. With Whole Foods in the ring, the rest of the industry will soon be under competitive pressure to follow. Genetically modified crops have become so prevalent in the U.S. that chances are you've been buying and eating them for years. You just wouldn't know it from the label: the U.S. Department of Agriculture, unlike agencies in Europe and Japan, do not require GM foods to be labeled.

Note: This article also states "scientists have not identified any specific health risks from eating GM foods." This is a clear lie, when two sentences later the article mentions Jeffrey Smith, who has written an entire book with excellent documentation showing many scientific studies in which animals died shortly after consuming GM foods. To see an excellent summary of this book including reliable footnotes, click here.

The Pentagon has said it, the President has said it, everybody says it: "Our troops deserve nothing but the best when we send them into combat." It’s a goal that isn’t always met. Did a retired Marine colonel’s connections count more than the best design for a new vehicle for the troops? Jerry Bazinski has made a career of designing and helping to develop new vehicles here in Detroit for years. So when the Marines called for new vehicle small enough to load into an Osprey helicopter but lean and mean enough to allow soldiers to move quickly and launch attacks deep into enemy territory, Jerry and a team of veteran Detroit vehicle designers came up with [a model that] met or exceeded all the specifications. It was designed to provide for bullet-proof protection from enemy gunfire. It included a sturdy built-in roll-cage. And the Marines were impressed, as you can see from the report card that shows a whole list of many strengths ... and "no significant weaknesses." Well, here’s what the Marines ultimately bought ... a model known as the Growler that sort of looks like a dune buggy with a machine gun. Though it may seem it should have a lower sticker price, it’s turned out to cost us upwards of $127,000 a copy. Former Colonel Terry Crews ... sold the Marines on the Growler. [Investigative Reporter Steve] Wilson to Wayne Blake/Growler Plant Manager: That’s how he got this contract, he had some friends, didn’t he? Blake: Yeah, he lives 15 miles from the Pentagon. And the military version is $127,000. And if you bought it as a civilian version? 17,000.

Note: This article has disappeared from the website, though you can try this Google cache version. For a highly revealing, two-page summary by a top U.S. general on major war corruption, click here.

Pediatricians, gynecologists and even health insurers all call Gardasil, the first vaccine to prevent cervical cancer, a big medical advance. But medical groups, politicians and parents began rebelling after disclosure of a behind-the-scenes lobbying campaign by Gardasil's maker, Merck & Co., to get state legislatures to require 11- and 12-year-old girls to get the three-dose vaccine as a requirement for school attendance. Some parents' groups and doctors particularly objected because the vaccine protects against a sexually transmitted disease. Vaccines mandated for school attendance usually are for diseases easily spread through casual contact, such as measles and mumps. Bowing to pressure, Merck said Tuesday that it is immediately suspending its controversial campaign, which it had funded through a third party. Legislatures in roughly 20 states have introduced measures that would mandate girls have the vaccine to attend school. Texas Gov. Rick Perry on Feb. 2 issued an executive order requiring Texas girls entering the sixth grade as of 2008 get the vaccinations. Dr. Anne Francis, who chairs an American Academy of Pediatrics committee [stated] "I believe that their timing was a little bit premature," she said, "so soon after (Gardasil's) release, before we have a picture of whether there are going to be any untoward side effects." The country has been "burned" by some drugs whose serious side effects emerged only after they were in wide use, including Merck's withdrawn painkiller Vioxx. The vaccine also is controversial because of its price - $360 for the three doses required.

Note: $360 for every girl in school would amount to quite a hefty transfer of funds from taxpayers into the pockets of Merck. Could profit and campaign contributions be behind the move to make this mandatory?

The three top auditors overseeing work in Iraq told a House committee their review of $57 billion in Iraq contracts found that ... about $10 billion has been squandered by the U.S. government on Iraq reconstruction aid because of contractor overcharges and unsupported expenses. Of the $10 billion in overpriced contracts or undocumented costs, more than $2.7 billion were charged by Halliburton Co., the oil-field services company once headed by Vice President Dick Cheney. Federal investigators warned Thursday that significantly more taxpayer money is at risk. More than one in six dollars charged by U.S. contractors were questionable or unsupported, nearly triple the amount of waste the Government Accountability Office estimated last fall. "There is no accountability," said David M. Walker, who heads the auditing arm of Congress. "Organizations charged with overseeing contracts are not held accountable. Contractors are not held accountable. The individuals responsible are not held accountable." The investigators urged the Pentagon to reconsider its growing reliance on outside contractors. Layers of subcontractors, poor documentation and lack of strong contract management are rampant. Walker complained that GAO investigators have difficulty getting basic detail about reconstruction contracts such as expenses and subcontractors involved because many Pentagon divisions fail to consistently track or fully report them. Noting that auditors still have $300 billion of Iraq spending to review, Waxman said the total amount of waste, fraud and abuse "could be astronomical."

Note: To understand how so much money can go missing, read what a top U.S. general has to say here. And for major media articles claiming hundreds of billions of dollars are missing, click here.

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