Corporate Corruption News Articles

Excerpts of key news articles on

Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.

Public appeals by families or individuals for help paying basic medical bills seem to be on the rise in the United States. Crowdfunding websites such as GoFundMe.com report that medical expenses rank as their largest single category of appeals; other sites such as HelpHopeLive have sprung up specifically for medical expense appeals. [This points] to a crisis in the American healthcare system in two ways. One involves the gaps and other problems with U.S. healthcare that make crowdfunding campaigns necessary. Lawmakers who support policies that drive people to expose their personal lives in order to obtain desperately needed care should be ashamed of themselves. The other crisis underscored by the rise of crowdfunding concerns the ethical issues raised by public appeals for medical care itself. Those are addressed in a new article in the Journal of the American Medical Assn.. Crowdfunding for expenses that should be met by private insurers or government healthcare programs ... can make the delivery of healthcare fundamentally unfair. They can direct resources away from patients who need them the most toward those whose campaigns are merely “more vocal, photogenic, or emotionally appealing.”

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

The latest poster child for cruel and inhuman drug pricing is Kaleo Pharma, maker of an emergency injector for a med called naloxone, which is used as an antidote to save the lives of people who overdose on painkillers. As America’s opioid crisis reaches epidemic levels, Kaleo has jacked up the list price for its Evzio auto-injector by 600%, soaring from $690 several years ago to $4,500, according to lawmakers. Nearly three dozen senators wrote to Kaleo’s chief executive, Spencer Williamson, last week to say they were “deeply concerned” about the price hike and to note that it “threatens to price out families and communities that depend on naloxone to save lives." But that’s not what caught my attention. Rather, I was struck by the company’s answers to me about lawmakers’ concerns. In response to emailed questions, Williamson said that although the list price for Evzio is more than $4,000, that’s “not a true net price to anyone … due to numerous discounts and rebates that are negotiated in the supply chain that make up our healthcare system.” In other words, even though the price tag for his company’s easy-to-use, lifesaving device is ridiculous and indefensible, there’s no need to worry because backroom deals by assorted players in the healthcare food chain make that price tag meaningless. And that, in a nutshell, illustrates the lunacy of the U.S. healthcare system.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and income inequality.

Every year, more restaurants and food companies announce that they will sell only meat produced with minimal or no use of antibiotics. And every year, despite those pledges, more antibiotics are administered to the nation's swine, cattle and poultry. According to the latest figures, released this week by the U.S. Food and Drug Administration, antibiotic sales for use on farm animals increased by 1 percent in 2015, compared to the previous year. The increase was slightly greater – 2 percent — for antibiotics used as human medicine. The FDA and other public health agencies have been pushing farmers to rely less on these drugs. Heavy use of antibiotics both in human medicine and in agriculture has led to the emergence of drug-resistant bacteria, complicating the task of treating many infections. But the FDA finds a glimmer of good news in the latest figures, pointing out that the rate of increase has slowed. In the previous year, antibiotic use had increased by 4 percent, and a total of 22 percent from 2009 to 2014.

Note: For more along these lines, see concise summaries of deeply revealing news articles about food system corruption and health

For nearly two decades, the Bureau of Prisons has contracted with a handful of private companies to incarcerate thousands of non-U.S. citizens. Held in a dozen so-called “criminal alien requirement” prisons ... the inmates in private custody are, for the most part, locked up for immigration offenses or drug violations. CAR facilities have ... a track record of abuse and neglect. In August, it seemed that years of pressure [from advocacy organizations] had finally paid off, when the Justice Department announced it would begin phasing out private prisons. Under the DOJ directive, the facilities ... would see their contracts reduced or allowed to expire without renewal and the inmates in their custody transferred. Within hours of the announcement, the stocks of industry heavyweights Corrections Corporation of America and the GEO Group plummeted more than 35 percent. The momentum was short-lived. On November 9, as it became clear that Donald Trump had defeated Hillary Clinton in the race for the presidency, Fortune declared private prisons “the biggest (stock market) winner in Trump’s victory,” noting a 49 percent surge in CCA stock. In the weeks that followed, Trump would tap Jeff Sessions as his choice for attorney general. Not only could Sessions ... undo the DOJ’s directive, but the plans promoted by Trump and his advisers threaten to drastically increase the number of people held by companies that have repeatedly demonstrated the conflict of profit motive when it comes to depriving people of physical liberty.

Note: Read the complete article above for a detailed account of the substandard conditions at a CCA facility which led to inmate and corrections officer deaths. For more along these lines, see concise summaries of deeply revealing prison system corruption news articles from reliable major media sources.

Law enforcement officials announced last spring that they were pursuing fraud investigations against the world’s largest oil company, ExxonMobil. “Fossil fuel companies ... deceived investors and consumers about the dangers of climate change,” [Attorney General Maura] Healey said at the time. Now those words are being used against Healey, in a lawsuit filed by ExxonMobil. In a stunning offense-is-the-best-defense legal strategy, the company is ... saying the Massachusetts Democrat’s investigation violates their free speech and other constitutional rights. In its legal battle to shut down her investigation, ExxonMobil has demanded that she testify about her efforts and provide documents from her office. Healey contends the corporate response is unprecedented: Not only is [ExxonMobil] refusing to comply, it is demanding an investigation of the investigating agency. “They took the tack of trying to shut down this investigation by suing us,” she said. When Healey issued subpoenas seeking ExxonMobil’s documents on climate change dating to the 1970s, she was “abusing the power of government to silence a speaker she disfavors,” lawyers for ExxonMobil wrote in their June lawsuit against her, alleging a violation of the company’s rights. And they criticized the stories that prompted the investigation: Reports published in 2015 ... suggested ExxonMobil had encouraged climate change confusion for years, despite its own research documenting the risks.

Note: Read more on Exxon Mobile's climate change deceptions. For more along these lines, see concise summaries of deeply revealing news articles on global warming and corporate corruption.

Given what we're seeing in the election's aftermath, photographer-filmmaker Lucian Read clearly picked a prescient title for his recent mini-doc series on inequality in the United States: America Divided, which ... took us to corners of a nation still hurting from the Great Recession. Read's latest short film, Mni Wiconi: The Standing at Standing Rock, turns a camera on the plight of Native Americans, a group that has been neglected and wronged perhaps more than any other in this nation. Members of the Standing Rock Sioux tribe in North Dakota made national headlines for their protests against construction of the Dakota Access Pipeline - which the tribe says interferes with its ancestral land and water rights. This 1,172-mile oil pipeline ... is 95 percent complete despite the lack of the official easements and permits needed to finish it. In addition to introducing key anti-pipeline figures, such as Standing Rock chairman Dave Archambault II and local landowner and activist LaDonna Allard, Read's nine-minute film is a ... sketch of the conflict's root causes, from poverty to broken treaties to the "militarization of the oil industry," as one character puts it. "People standing together is powerful," says Jodi Gilette, President Barack Obama's special assistant for Native American affairs and a Standing Rock tribal member, noting the outpouring of support from unrelated tribes.

Note: Don't miss this beautiful, informative 8-minute video on what's happening at Standing Rock at the link above. For more on this under-reported movement, see this Los Angeles Times article and this article in the UK's Guardian. For more, see concise summaries of deeply revealing news articles on government corruption and the erosion of civil liberties.

The images that shaped public imagination of the American Indian - 19th and early 20th century photographs - were mostly fiction. Often, they were sentimentalized portrayals of what Edward S. Curtis, the most successful of all who trained their cameras on the subject, called “the vanishing race.” The ... pictures glossed over attitudes and policies that today are seen as cruelly neglectful, if not genocidal. Curtis himself, funded with J.P. Morgan money to produce some 40,000 photographic documents for his magnificent 20-volume “The North American Indian,” is known to have choreographed ceremonies and dances, phonied up costumes, retouched negatives to remove all signs of modernity; he paid reservation residents to play the part of native nobility. Other photographers purported to show the fearsomeness of the American Indian warrior. Two ... intensely engaging exhibitions newly opened at the California Historical Society present images of Northern California and southern Oregon’s Modoc tribe. “Sensationalist Portrayals of the Modoc War, 1872-73” examines reports of a sad chapter of American history, when a band of about 60 Indian fighters held off 600 U.S. Army troops. “Native Portraits: Contemporary Tintypes by Ed Drew” features Drew’s revival of a 19th century photographic process to depict present-day Modocs as they choose to be seen. Side by side, the two shows add up to a quiet rebuke of photography’s cravenly racist portrayal of the first Americans.

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

Would you read a story if this was the headline: "New study raises questions about an experimental treatment that might not work and won't be ready for a long time." That description would apply to most medical studies that make the news but would be unlikely to generate the clicks, taps, likes and shares that propel a story through cyberspace and social media. What gets clicks? Words like "breakthrough," "groundbreaking," "game changer" and "lifesaver." Since the 1970s, the use of positive words in scientific abstracts increased by 880 per cent, according to a study last December in the British Medical Journal. And now, the world's stem cell scientists have been told to stop the hype. The International Society for Stem Cell Research (ISSCR) issued new guidelines last week that urge scientists to dial back their enthusiasm when talking publicly about their research. Because people are getting hurt. Last December, the Food and Drug Administration in the U.S. issued a warning letter to a U.S.-based company offering stem cell therapies for a range of diseases, including autism, multiple sclerosis and Parkinson's disease. And a U.K. newspaper claims its undercover investigation lead to the closure of a controversial clinic in Germany where a child died after having stem cells injected into his brain. "There is ... an industry already out there that is marketing unproven therapies directly to patients," said George Daley, a member of the ISSCR and a professor at Harvard Medical School. "It is part of the concern that has raised the alarm."

Note: According to Richard Horton, chief editor of The Lancet, up to half of all science journal claims may be untrue. Read also the revealing comments of Marcia Angell, former editor-in-chief of the New England Journal of Medicine, on the massive corruption she found in the health industry. For more along these lines, see concise summaries of deeply revealing science corruption news articles from reliable major media sources.

After four years of feuding over the legacy of Joe Paterno, with a few vague details about what he may have known about allegations of sexual abuse by one of his coaches, it is becoming clear there may be much more. There are now two allegations by men who say they were sexually abused by Jerry Sandusky, who also say they reported their abuse to the legendary coach in the 1970s. One of those allegations was made public in a court order related to a lawsuit ... over who should have to pay settlements to the more than 30 men who have come forward as victims of Sandusky. The other [allegation's source] has spoken to CNN, in great detail, explaining how he was a troubled young kid in 1971 when he was raped in a Penn State bathroom by Jerry Sandusky. Then, he says, his complaint about it was ignored by Paterno. "I'd be willing to sit on a witness stand and confront Joe Paterno," he told CNN last year. "Unfortunately he died and I didn't get to." This man ... was just 15 in 1971 when he says Sandusky raped him. Sandusky was 27, a budding public figure ... and was one year into his tenure as an assistant linebacker coach. This was long before he started his now-closed children's charity, The Second Mile, which prosecutors would later call his victim factory. Until now, the only public allegations about Paterno's knowledge of Sandusky's crimes involved a 1998 police report which initially went nowhere, and a 2001 report by Mike McQueary, one of Paterno's assistant coaches.

Note: Read more about how senior Penn State officials covered up Sandusky's crimes due to fears of bad publicity. Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

The salesman stood outside the prison bus, inviting people inside for a brief tour. The price tag for such a vehicle? About $580,000. This bus, along with hundreds of other products and services, are on display this week at the American Correctional Association’s annual winter conference in New Orleans. It has become the largest gathering of corrections personnel in the United States. The trade show ... offers a peek into the sprawling private industry around incarceration. Unlike other conventions, however, this convention is closed to the public, and the customers on the trade show floor are mostly prison wardens, jail officials and directors from state corrections agencies. The exhibitors are there to make their pitch for a slice of the $80 billion incarceration industry in the US. The companies aren't the only ones looking to earn money. In many states, sheriffs and wardens ... look to private companies to help pay the bills. They do this, in many cases, by taking commissions on revenue from goods sold to inmates - everything from phone calls and commissary goods to ... e-cigarettes. “The whole idea of a system that exists for the purpose of keeping people locked up for profit creates all the wrong incentives,” said Marjorie R. Esma, the executive director of the local American Civil Liberties Union in New Orleans. Such incentives, of course, can lead to more people in jail for petty crime. Look no further than Louisiana, which has been dubbed the “prison capital of the world” because of its high incarceration rates.

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

Americans may not agree on much. But according to polls, more than 90 percent support genetically engineered (GE) food labeling. Despite the industrial food complex spending hundreds of millions on lobbying against labeling, three states have responded to the call from their voters and passed labeling laws. Vermont's laws will require that companies start labeling by July, 2016. This deadline has the agribusiness community scrambling for a way out. The biotech industry, along with its top enabler at the U.S. Department of Agriculture, Secretary Tom Vilsack, is trying to sell the idea that the long derided and poorly utilized QR code is the answer to consumer concerns about GE foods. A QR code ... is similar to a bar code. To use it, a person must have a smartphone device, an internet connection, and a QR code reader downloaded onto his or her phone. Vilsack and now even Presidential nominee Hillary Clinton are promoting QR code information on GE foods as sufficient to rescind the mandatory on package clear and accessible labeling required by the state laws. Substituting clear and accessible on-package labeling with QR codes would be a form of discrimination against the poor, the rural, the elderly and many other groups. We do not want this discriminatory, burdensome and privacy invasive technology to become the norm.

Note: Read more about why the overwhelming majority of Americans believe GMO foods should require labels. For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.

As complaints grow about exorbitant drug prices, pharmaceutical companies are coming under pressure to disclose the development costs and profits of those medicines and the rationale for charging what they do. So-called pharmaceutical cost transparency bills have been introduced in at least six state legislatures in the last year, aiming to make drug companies justify their prices, which are often attributed to high research and development costs. “If a prescription drug demands an outrageous price tag, the public, insurers and federal, state and local governments should have access to the information that supposedly justifies the cost,” says the preamble of a bill introduced in the New York State Senate in May. In an article being published Thursday, more than 100 prominent oncologists called for support of a grass-roots movement to stem the rapid increases of prices of cancer drugs, including by letting Medicare negotiate prices with pharmaceutical companies and letting patients import less expensive medicines from Canada. “There is no relief in sight because drug companies keep challenging the market with even higher prices,” the doctors wrote in the journal Mayo Clinic Proceedings. Pressure is mounting from elsewhere as well. The top Republican and Democrat on the United States Senate Finance Committee last year demanded detailed cost data from Gilead Sciences, whose hepatitis C drugs, which cost $1,000 a pill or more, have strained the budgets of state and federal health programs.

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

NutraSweet says it will no longer make the artificial sweetener aspartame as a result of foreign competition. The privately held company said Wednesday it expects to shut down a major portion of a plant that employs about 210 workers, including contractors, by year-end as a result. That will leave it with only about 10 to 20 employees to focus on its two other smaller sweeteners, the company said. "Low-cost imports now dominate the aspartame market, making it impossible for us to sustain a profitable business while maintaining our unmatched standard of quality," NutraSweet CEO William DeFer said in a statement. Aspartame is more commonly known as the ingredient used in Equal, the blue packets of sweetener often found on tables at restaurants. NutraSweet spokesman Hud Englehart said the company started facing competition as a supplier of aspartame once its patents on the artificial sweetener expired.

Note: This article fails to mention anything about the serious risks and dangers of aspartame which have been exposed by top doctors and scientists. See the powerful documentary "Sweet Misery" on this which has saved many lives. For more on health corruption and manipulation, see concise summaries of deeply revealing health news articles from reliable major media sources.

Microsoft Corp. is currently sitting on almost $29.6 billion it would owe in U.S. taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company’s most recent annual filings with the Securities and Exchange Commission. The company says it has "not provided deferred U.S. income taxes" because it says the earnings were generated from its "non-U.S. subsidiaries” and then "reinvested outside the U.S.” Tax experts, however, say that details of the filing suggest the company is using tax shelters to dodge the taxes it owes as a company domiciled in the United States. The disclosure in Microsoft’s SEC filing lands amid an intensifying debate over the fairness of U.S.-based multinational corporations using offshore subsidiaries and so-called "inversions" to avoid paying American taxes. Such maneuvers -- although often legal -- threaten to significantly reduce U.S. corporate tax receipts during an era marked by government budget deficits.

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

An Icelandic court has sentenced four former Kaupthing bankers to jail for market abuses related to a large stake taken in the bank by a Qatari sheikh just before it went under in late 2008. Weeks before the country's top three banks collapsed under huge debts as the global credit crunch struck, Kaupthing announced that Sheikh Mohammed bin Khalifa bin Hamad Al Thani had bought 5 of its shares in a confidence-boosting move. A parliamentary commission later said the shares had been bought with a loan from Kaupthing itself. A Reykjavik district court sentenced Hreidar Mar Sigurdsson, Kaupthing's former chief executive, to five and a half years in prison while former chairman Sigurdur Einarsson received a five-year sentence. Magnus Gudmundsson, former chief executive of Kaupthing Luxembourg, was given a three-year sentence and Olafur Olafsson – the bank's second largest shareholder at the time – received three and a half years. None of the bankers, now based in London and Luxembourg, were present [at the sentencing].

Note: Yet not a single executive of US or multinational banks has been jailed for funneling billions of dollars into their own pockets and crashing the entire global economy. For more on this, click here. For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.

While the continuing environmental disaster at the Fukushima Daiichi plant has grabbed world headlines — with hundreds of tons of contaminated water flowing into the Pacific Ocean daily — a human crisis has been quietly unfolding. Two and a half years after the plant belched plumes of radioactive materials over northeast Japan, the almost 83,000 nuclear refugees evacuated from the worst-hit areas are still unable to go home. Some have moved on, reluctantly, but tens of thousands remain in a legal and emotional limbo while the government holds out hope that they can one day return. As they wait, many are growing bitter. Now they suspect the government knows that the unprecedented cleanup will take years, if not decades longer than promised, as a growing chorus of independent experts have warned, but will not admit it for fear of dooming plans to restart Japan’s other nuclear plants. That has left the people of Namie and many of the 10 other evacuated towns with few good choices. They can continue to live in cramped temporary housing and collect relatively meager monthly compensation from the government. Or they can try to build a new life elsewhere, a near impossibility for many unless the government admits defeat and fully compensates them for their lost homes and livelihoods. For Namie’s residents, government obfuscation is nothing new. On the day they fled, bureaucrats in Tokyo knew the direction they were taking could be dangerous, based on computer modeling, but did not say so for fear of causing panic. The townspeople headed north, straight into an invisible, radioactive plume.

Note: For more on the devastation caused by nuclear power, see the deeply revealing reports from reliable major media sources available here.

Apple CEO Tim Cook is scheduled to appear [on May 21] before the Senate Permanent Subcommittee on Investigations to explain why the Cupertino computer giant is avoiding paying billions of dollars in taxes by diverting nearly two-thirds of its pretax revenue through Irish subsidiaries. The novel tax avoidance scheme, according to a committee report, uses entities that do not exist in the eyes of the Internal Revenue Service, Ireland or any taxing authority anywhere. Committee staffers said they could not estimate Apple's total tax avoidance, but they hazarded that one loophole has let the company avoid $9 billion in U.S. taxes in 2012 alone, while bragging that it paid $6 billion in federal taxes. A subsidiary called Apple Operations International reported a net income of $30 billion from 2009 to 2012, according to the report, but "has no declared tax residency anywhere in the world and, as a consequence, has not paid corporate income tax to any national government for the past five years." Another subsidiary, Apple Sales International, also claims no tax residency anywhere, despite sales income of $74 billion from 2009 to 2012, the report said. The subsidiary has no employees and no physical presence. Apple sits atop a cash pile of $145 billion, significantly larger than the U.S. Treasury's cash balance and larger than the national income of most small countries. More than $100 billion of that cash is in retained foreign earnings.

Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.

The global investigation into interest-rate manipulation has emboldened prosecutors to crack down on banks, and the settlement with the Royal Bank of Scotland on [Feb. 6] underscored that strategy. As part of the $612 million deal that American and British authorities reached with R.B.S., the bank’s Japanese unit was required to plead guilty to criminal wrongdoing, echoing an earlier action taken against a subsidiary of UBS. The cases announced so far give other banks some idea of what to expect. Three questions come into play: how much it will cost, whether a guilty plea will be required and whether embarrassing e-mails will be released. The winners in all this may be the lawyers and other advisers. The trove of internal e-mails and employee interviews, filed as part of a lawsuit by one of the investors in the securities, offers a fresh glimpse into Wall Street’s mortgage machine, which churned out billions of dollars of securities that later imploded. The documents reveal that JPMorgan, as well as two firms the bank acquired during the credit crisis, Washington Mutual and Bear Stearns, flouted quality controls and ignored problems, sometimes hiding them entirely, in a quest for profit.

Note: For deeply revealing reports from reliable major media sources on the criminal practices of the financial industry, click here.

Federal authorities are scrutinizing private consultants hired to clean up financial misdeeds like money laundering and foreclosure abuses, taking aim at an industry that is paid billions of dollars by the same banks it is expected to police. The consultants operate with scant supervision and produce mixed results, according to government documents and interviews with prosecutors and regulators. In one case, the consulting firms enabled the wrongdoing. The deficiencies, officials say, can leave consumers vulnerable and allow tainted money to flow through the financial system. The pitfalls were exposed last month when federal regulators halted a broad effort to help millions of homeowners in foreclosure. The regulators reached an $8.5 billion settlement with banks, scuttling a flawed foreclosure review run by eight consulting firms. In the end, borrowers hurt by shoddy practices are likely to receive less money than they deserve, regulators said. Critics concede that regulators have little choice but to hire outsiders for certain responsibilities after they find problems at the banks. The government does not have the resources to ensure that banks follow the rules. Some banks that work with consultants continue to run afoul of the law. At other times, consultants underestimate the extent of the misdeeds or facilitate them, preventing regulators from holding institutions accountable.

Note: For deeply revealing reports from reliable major media sources on the criminal practices of the financial industry, click here.

For four decades, from 1929 until 1971, a Monsanto plant in West Anniston produced chemicals called PCBs, polychlorinated biphenyls. Somehow – even today no one is quite sure how – the chemicals got into the soil and waterways. As the Environmental Protection Agency's oversight of the cleanup of this neighborhood stretches into its eighth year, new research has linked PCBs exposure to a high rate of diabetes in this community of about 4,000 people, nearly all African American and half living in poverty. It's the latest chapter in a saga that this poverty-stricken, powerless community feels has dragged on far too long. PCBs were one of the most widely used industrial substances on Earth until they were banned in the United States, and most other developed countries, in the late 1970s. PCBs are stubborn chemicals. They persist in soil and sediment for decades, perhaps centuries, and are locked away in the fatty tissues of animals, building up in food webs. Seventy percent of all the PCBs ever made are still in the environment. In Anniston, class action lawsuits were filed and settled. The national media came and went. Monsanto split up and left town. Some residents took buyouts and moved. Other houses were abandoned and with fenced off. In 2003, Solutia and Monsanto paid a $600 million settlement to more than 20,000 people based on their exposure to PCBs. An additional $100 million was to be spent on cleanup and other programs. Anniston’s PCBs contamination qualifies as a Superfund site, making it one of the most contaminated places in the country.

Important Note: Explore our full index to revealing excerpts of key 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.