Corporate Corruption News Articles

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Severe storms and tornadoes moving through the U.S. Southeast dealt a severe blow to the Tennessee Valley Authority [on April 27], causing three nuclear reactors in Alabama to shut and knocking out 11 high-voltage power lines, the utility and regulators said. All three units at TVA's 3,274-megawatt Browns Ferry nuclear plant in Alabama tripped about 5:30 EDT after losing outside power to the plant, a spokesman for the U.S. Nuclear Regulatory Commission said. A TVA spokeswoman said the station's backup power systems, including diesel generators, started and operated as designed. External power was restored quickly to the plant but diesel generators remained running Wednesday evening, she said. The Browns Ferry units are among 23 U.S. reactors that are similar in design to the crippled Fukushima Daiichi nuclear plant in Japan where backup generators were swept away in the tsunami that followed the massive earthquake on March 11.

Note: And what might have happened if one of those tornadoes happened to hit a nuclear power plant?

People who down several diet sodas per day are hardly rare. Government surveys have found that people who drink diet beverages average more than 26 ounces per day (some drink far more) and that 3% of diet-soda drinkers have at least four daily. Are these diet-soda fiends true addicts? And if so, what are they addicted to? Research suggests that the artificial sweeteners in diet soda (such as aspartame) may prompt people to keep refilling their glass because these fake sugars don't satisfy like the real thing. "Your senses tell you there's something sweet that you're tasting, but your brain tells you, 'Actually, it's not as much of a reward as I expected,'" says Martin P. Paulus, MD, a professor of psychiatry at the University of California San Diego, and one of the authors of the study. "The consequence might be that the brain says, 'Well, I'll have more of this.'" In other words, artificial sweeteners may spur drinkers -- or their brains -- to keep chasing a "high" that diet soda keeps forever just out of reach. It's not clear that this teasing effect can lead to dependence, but it's a possibility, Dr. Paulus says. "Artificial sweeteners have positive reinforcing effects -- meaning humans will work for it, like for other foods, alcohol, and even drugs of abuse," he says. "Whenever you have that, there is a potential that a subgroup of people ... will have a chance of getting addicted."

Note: This article fails to mention the many scientists and brain surgeons who have gone on record describing the incredible dangers of aspartame, the main ingredient in most artificial sweeteners. To educate yourself on the serious health risks of aspartame, watch the very well researched documentary at this link.

One of the most financially successful cancer drugs in the world appears to cause more fatal side effects than previously realized, a new study says. Avastin, a blockbuster drug with more than $5.5 billion in global sales, increases the rate of fatal side effects by almost 50% when added to traditional chemotherapy, compared with chemo alone. About 2.5% of cancer patients who combine Avastin and chemo die from their treatment — rather than their disease, according to an analysis of 10,217 patients in today's Journal of the American Medical Association. In comparison, 1.7% of cancer patients who received only conventional chemo died as a result of therapy. The most common causes of death were hemorrhages, the loss of infection-fighting white blood cells, and perforations in the stomach or intestines, says Shenhong Wu of Stony Brook University School of Medicine, co-author of the analysis of 10,217 patients.

Note: Sadly, most studies that reveal such results are suppressed by the pharmaceutical industry.

Nigeria's anti-corruption agency on [December 7] charged former U.S. Vice President Dick Cheney over a bribery scheme involving oil services firm Halliburton Co. during time he served as its top official. The charges stem from a case involving as much as $180 million allegedly paid in bribes to Nigerian officials, said Femi Babafemi, a spokesman for the Economic and Financial Crimes Commission. Halliburton and other firms allegedly paid the bribes to win a contract to build a $6 billion liquefied natural gas plant in Nigeria's oil-rich southern delta, he said. The Halliburton case involves its former subsidiary KBR, a major engineering and construction services firm based in Houston. In February 2009, KBR Inc. pleaded guilty in U.S. federal court to authorizing and paying bribes from 1995 to 2004 for the plant contracts in Nigeria. The spokesman said each charge in the 16-count indictment carried as much as three years in prison. Nigeria, a major oil supplier to the U.S., long has been considered by analysts and watchdog groups as having one of the world's most corrupt governments.

Note: For lots more from major media sources on government and corporate corruption, click here and here.

South Africa's largest private medical group has pleaded guilty to performing illegal kidney transplant operations at one of its hospitals. The medical group Netcare admitted that children were recruited to donate their organs, and said the hospital had wrongly profited from the operations. The charges related to more than 100 operations carried out at the hospital in Durban between 2001 and 2003. Poor donors, often from Brazil, were flown in and given thousands of dollars to have a kidney removed. These were then given to those in need, who were often wealthy Israelis. Several of those directly involved pleaded guilty at the time, but Netcare - which runs more than 50 hospitals in South Africa - had until now refused to accept responsibility. Things began to change when prosecutors brought charges against Netcare's chief executive and the company made a plea bargain. In return for those charges being dropped, Netcare accepted that some of its employees had known that the kidney donors and recipients had not been related. It acknowledged that "payments must have been made to the donors for their kidneys, and that certain of the kidney donors were minors at the time that their kidneys were removed. Certain employees participated in these illegalities, and (the hospital) wrongly benefited from the proceeds."

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A federal court yesterday struck down an Ohio ban on dairy products whose labels say they're made from milk that's free of hormones that increase cows' milk production. That means companies that want to say their products are "rbGH free" and "rbST free" and "artificial hormone free" are now free to do so. The ruling challenges the FDA's 17-year-old finding that there's "no significant difference" between the milk of cows given growth hormone and those that aren't. Just that sort of distinction ... is part of the ongoing debate about how to label genetically engineered salmon. The Court of Appeals for the Sixth Circuit said there is a "compositional difference" between milk from cows given growth hormones and those without. The court gave three reasons they're different: * Increased levels of the hormone IGF-1; * A period of milk with lower nutritional quality during each lactation; and * Increased somatic cell counts (i.e. more pus in the milk). But the FDA concluded in 1993 when it approved the growth hormone that the milk shows "no significant difference" in milk from untreated cows.

Note: To learn more about how your health has been endangered by previous media and government decisions, click here. For a stunning 10-minute video clip showing how crazy this can get, click here.

WJLA-TV has fired veteran anchorman Doug McKelway for a verbal confrontation this summer with the station's news director that came after McKelway broadcast a sharply worded live report about congressional Democrats and President Obama. McKelway was placed on indefinite suspension in late July after his run-in with ABC7's news director and general manager, Bill Lord. In a letter to McKelway this week, the station said it was terminating his contract immediately, citing insubordination and misconduct. Amid the ongoing BP oil spill in July, McKelway covered a Capitol Hill demonstration by environmental groups protesting the influence of oil-industry contributions to members of Congress. In his piece, McKelway said the sparsely attended event attracted protesters "largely representing far-left environmental groups." He went on to say the protest "may be a risky strategy because the one man who has more campaign contributions from BP than anybody else in history is now sitting in the Oval Office, President Barack Obama, who accepted $77,051 in campaign contributions from BP." Lord took exception to McKelway's reporting and asked to meet with him, according to several station sources who were granted anonymity to discuss the sensitive personnel matter. A shouting match between the two men ensued, leading to McKelway's suspension, sources said.

For months, the U.S. government talked with a boot-on-the-neck toughness about BP, with the president wondering aloud about whose butt to kick. But privately, it worked hand-in-hand with the oil giant to cap the runaway Gulf well and chose to effectively be the company's banker -- allowing future drilling revenues to potentially be used as collateral for a victim compensation fund. Now, with a new round of investigative hearings set to begin [today] on BP's home turf and the disaster largely off the front pages, there's worry BP PLC could get a slap on the wrist from its behind-the-scenes partner. That could trickle down to states hurt by the spill and hoping for large fines because they may share in the pie. In the past few weeks, public messages from BP and the government have been almost in lockstep. The government even released a report — criticized by academic researchers and some lawmakers as too rosy — asserting that much of the oil released into the Gulf is gone, playing into BP's message that its unprecedented response effort is working. Rep. Darrell Issa, R-Calif., said Thursday that White House support for the oil report shows the administration's "pre-occupation with the public relations of the oil spill has superseded the realities on the ground."

Note: For lots more from major media sources on corporate and government corruption, click here and here.

The Obama administration is facing internal dissent from its scientists for approving the use of huge quantities of chemical dispersants to tackle the oil spill in the Gulf of Mexico, the Guardian has learned. Jeff Ruch, the exective director of the whistleblower support group Public Employees for Environmental Responsibility, said he had heard from five [EPA] scientists and two other officials who had expressed concerns to their superiors about the use of dispersants. "There was one toxicologist who was very concerned about the underwater application particularly," he said. "The concern was the agency appeared to be flying blind and not consulting its own specialists and even the literature that was available." Veterans of the Exxon Valdez spill questioned the wisdom of trying to break up the oil in the deep water at the same time as trying to skim it on the surface. Other EPA experts raised alarm about the effect of dispersants on seafood. Ruch said EPA experts were being excluded from decision-making on the spill. "Other than a few people in the united command, there is no involvement from the rest of the agency," he said. EPA scientists would not go public for fear of retaliation, he added.

Note: For lots more from major media sources on government corruption, click here.

The CIA has hired Xe Services, the private security firm formerly known as Blackwater Worldwide, to guard its facilities in Afghanistan and elsewhere. The previously undisclosed CIA contract is worth about $100 million. The revelation comes only a day after members of a federal commission investigating war-zone contractors blasted the State Department for granting Xe a new $120 million contract to guard U.S. consulates under construction in Afghanistan. CIA spokesman Paul Gimigliano stopped short of confirming the contract, saying only that Xe personnel would not be involved in operations. The firm, based in Moyock, N.C., has been fighting off prosecution and lawsuits since a September 2007 incident in Baghdad, when its guards opened fire in a city square, allegedly killing 17 unarmed civilians and wounding 24. Two weeks ago, [CEO Erik] Prince announced that he was putting the company on the block. A spokeswoman said "a number of firms" are interested in buying but declined to elaborate.

Note: For lots more on government corruption from reliable sources, click here.

CBS News has learned in an exclusive report that the State Department has awarded a part of what was formerly known as Blackwater Worldwide a contract worth more than $120 million for providing security services in Afghanistan. Private security firm U.S. Training Center, a business unit of the Moyock, N.C.-based Blackwater, now called Xe Services, was awarded the contract [on June 18], a State Department spokeswoman said. Under the contract, U.S. Training Center will provide "protective security services" at the new U.S. consulates in Herat and Mazar-e-Sharif, Afghanistan, the spokeswoman said. The firm can begin work "immediately" and has to start within two months. The contract lasts a year but can be extended twice for three months at a time to last a maximum of 18 months. The awarding of the contract comes just more than four months after the government of Iraq ordered hundreds of Blackwater-linked security guards to leave the country within seven days or face possible arrest. The Justice Department is also trying to prosecute a case against five Blackwater guards who had opened fire on a crowded Baghdad street in 2007. The Justice Department's case or Blackwater's expulsion from Iraq didn't block U.S. Training Center from bidding on the multi-million dollar contract, the State Department spokeswoman said.

Note: For an analysis, click here. For lots more on government corruption from reliable sources, click here.

Organizations in the financial services sector have deployed at least 1,447 former federal employees to lobby Congress and federal agencies since the beginning of 2009, according to a joint analysis of federal disclosure records and other data released today by Public Citizen and the Center for Responsive Politics. This small army of registered financial services sector lobbyists includes at least 73 former members of Congress, of whom 17 served on the banking committees of either the U.S. House of Representatives or the Senate. At least 66 industry lobbyists worked for these committees as staffers, while 82 additional lobbyists once worked for congressional members who currently serve on these key committees. Further, at least 42 financial services lobbyists formerly served in some capacity in the U.S. Treasury Department. At least seven served in the Office of the Comptroller of the Currency, including two former comptrollers. “Wall Street hires former members of Congress and their staff for a reason," said David Arkush, director of Public Citizen’s Congress Watch division. "These people are influential because they have personal relationships with current members and staff. It’s hard to say no to your friends."

Note: To read the full report, click here. The nonprofit, nonpartisan Center for Responsive Politics is the nation's premier research group tracking money in federal politics and its effect on elections and public policy. Public Citizen is a national, nonprofit consumer advocacy organization based in Washington, D.C.

The global economic collapse pushed the rise of green capitalism off business magazine covers, but it will surely resurface. Now, along comes Heather Rogers, who warns about the dangers of buying into this mind-set with Green Gone Wrong: How Our Economy Is Undermining the Environmental Revolution. She says green capitalism is actually undermining ecological progress. She says corporate America has led us into thinking that we can save the earth mainly by buying things like compact fluorescent light bulbs, hybrid gas-electric cars and carbon offsets. Green Gone Wrong ... doesn’t just go after easy targets like big corporations that she says are clearly more interested in making money than saving the earth. Some of the most poignant moments come when Ms. Rogers visits organic farmers in upstate New York. She laments that they can’t make a living because it is so expensive for them to comply with the federal certification requirements for organic foods. “What isn’t being talked about is that many of the small organic producers who are expected to lead the reinvention of the food system can barely make ends meet,” she says. [The book] would have been better had Ms. Rogers delved more deeply into another of her suggestions: instead of buying green, we simply need to buy less stuff. She seems reluctant to push this too hard because it’s a truly radical idea that flies in the face of capitalism — green or not.

Note: Heather Rogers is an established investigative journalist who is also the author of the acclaimed book Gone Tomorrow: The Hidden Life of Garbage.

Two former employees of Blackwater Worldwide have accused the private security company of defrauding the government for years by filing bogus receipts, double billing for the same services and charging government agencies for strippers and prostitutes, according to court documents unsealed this week. In a December 2008 lawsuit, the former employees said top Blackwater officials had engaged in a pattern of deception as they carried out government contracts in Iraq and Afghanistan, and in Louisiana in the aftermath of Hurricane Katrina. The lawsuit, filed under the False Claims Act, also asserts that Blackwater officials turned a blind eye to “excessive and unjustified” force against Iraqi civilians by several Blackwater guards. Blackwater has earned billions of dollars from government agencies in the years since the Sept. 11 attacks, when the company won contracts to protect American diplomats in Iraq and Afghanistan. The former employees who filed the lawsuit, a married couple named Brad and Melan Davis, said there was little financial oversight of the money. The documents detailing the Davises’ accusations were unsealed after the Justice Department declined to join in the case against Blackwater, which last year changed its name to Xe Services.

Note: For lots more on corporate fraud and war profiteering from reliable sources, click here.

A wave of American companies have been arriving in Iraq in recent months to pursue what is expected to be a multibillion-dollar bonanza of projects to revive the country’s stagnant petroleum industry, as Iraq seeks to establish itself as a rival to Saudi Arabia as the world’s top oil producer. Since the 2003 American-led invasion, nearly all of the biggest reconstruction projects in Iraq have been controlled by the United States. Many rebuilding contracts are expected to be awarded as soon as this month. Concerns have been heightened by the prominent role expected to be played by American companies that have been criticized in the past ... for overcharging by hundreds of millions of dollars, performing shoddy work and failing to finish hundreds of crucial projects while under contract in Iraq. Halliburton and its former subsidiary KBR, as well as Bechtel and Parsons, have been singled out for criticism by the Special Inspector General for Iraq Reconstruction for their previous work in Iraq.

Note: The contracts just keep on coming for this key group of US corporations with connections to the highest levels of the US government. For many revealing reports from reliable sources on the profiteering which is such a major drive to modern war, click here.

Capitalism is evil. That is the conclusion U.S. documentary maker Michael Moore comes to in his latest movie "Capitalism: A Love Story", which [premiered] at the Venice film festival on Sunday. Blending his trademark humour with tragic individual stories, archive footage and publicity stunts, the 55-year-old launches an all out attack on the capitalist system, arguing that it benefits the rich and condemns millions to poverty. "Capitalism is an evil, and you cannot regulate evil," the two-hour movie concludes. "You have to eliminate it and replace it with something that is good for all people and that something is democracy." The bad guys in Moore's mind are big banks and hedge funds which "gambled" investors' money in complex derivatives that few, if any, really understood and which belonged in the casino. The filmmaker also sees an uncomfortably close relationship between banks, politicians and U.S. Treasury officials, meaning that regulation has been changed to favour the few on Wall Street rather than the many on Main Street. He says that by encouraging Americans to borrow against the value of their homes, businesses created the conditions that led to the crisis, and with it homelessness and unemployment. Moore even features priests who say capitalism is anti-Christian by failing to protect the poor.

Note: For a treasure trove of reports from reliable sources on the realities of the Wall Street bailout, click here.

Pharmaceutical firms need incentives, including lucrative patents, to keep creating drugs and vaccines against emergent threats such as the H1N1 influenza pandemic, the World Health Organization's head said on Tuesday. "Progress in public health depends on innovation. Some of the greatest strides forward for health have followed the development and introduction of new medicines and vaccines," said WHO Director-General Margaret Chan said. Chan, who last month declared a full pandemic underway from the H1N1 virus, said that patents can help ensure that companies develop medicines to "stay ahead of the development of drug resistance" in diseases like malaria and tuberculosis. The discovery of isolated H1N1 infections that resist the anti-viral Tamiflu, made by Roche and Gilead, and the global scramble to secure flu vaccines have shown the importance of robust research and development, Chan said. "Innovation is needed to keep pace with the emergence of new diseases, including pandemic influenza caused by the new H1N1 virus," she told a meeting on intellectual property and health, a contentious issue that has divided rich and poor nations.

Note: How much more blatant can it get? The WHO is telling us to pump money into the corrupt pharmaceutical corporations, who make huge profits from fear mongering and health disasters. When profit drives the health industry, which do you think comes first, money or public health? For lots more revealing, reliable information on the fear-mongering around swine flu, click here and here.

A silent $1 trillion "Run on Britain" by foreign investors was revealed yesterday in the latest statistical releases from the Bank of England. The external liabilities of banks operating in the UK – that is monies held in the UK on behalf of foreign investors – fell by $1 trillion (Ł700bn) between the spring and the end of 2008, representing a huge loss of funds and of confidence in the City of London. Some $597.5bn was lost to the banks in the last quarter of last year alone, after a ... massive $682.5bn haemorrhaged in the second quarter of 2008 – a record. About 15 per cent of the monies held by foreigners in the UK were withdrawn over the period. This is by far the largest withdrawal of foreign funds from the UK in recent decades – about 10 times what might flow out during a "normal" quarter. The revelation will fuel fears that the UK's reputation as a safe place to hold funds is being fatally compromised by the acute crisis in the banking system and a general trend to financial protectionism internationally. The slide in sterling – it has shed a quarter of its value since mid-2007 – has been both cause and effect of the run on London, seemingly becoming a self-fulfilling phenomenon. The danger is that the heavy depreciation of the pound could become a rout if confidence completely evaporates. Paranoia that the UK could follow Iceland into effective national insolvency and jibes about "Reykjavik on Thames" will find an unwelcome substantiation in these statistics.

Note: For many deep revelations of the realities of the world financial crisis from reliable sources, click here.

Federal Deposit Insurance Corp. Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures, as she responded to an industry outcry against new fees approved by the agency. “Without these assessments, the deposit insurance fund could become insolvent this year,” Bair wrote in a March 2 letter to the industry. “A large number” of bank failures may occur through 2010 because of “rapidly deteriorating economic conditions.” The fund, which lost $33.5 billion in 2008, was drained by 25 bank failures last year. Sixteen banks have failed so far this year, further straining the fund. Smaller banks are outraged over the one-time fee ... Camden Fine, president of the Independent Community Bankers of America, said yesterday. The agency, which has released the change for 30 days of public comment, could modify the assessment to shift the burden to the large banks “that caused this train wreck,” Fine said. “Community bankers are feeling like they are paying for the incompetence and greed of Wall Street,” he said. Consumers should watch this issue closely, said Edmund Mierzwinski, consumer program director at U.S. PIRG, a Boston- based consumer-watchdog group. “I wouldn’t take their money out of the bank yet,” Mierzwinski said. “If the FDIC is saying that there is this serious problem, then we should all be concerned. I think there is a chance the FDIC is going to have to ask taxpayers for money in the future.”

Note: For lots more on the financial crisis from reliable sources, click here.

Executives at Goldman Sachs Group Inc., JPMorgan Chase & Co. and hundreds of financial institutions receiving federal aid aren’t likely to be affected by pay restrictions announced yesterday by President Barack Obama. The rules, created in response to growing public anger about the record bonuses the financial industry doled out last year, will apply only to top executives at companies that need “exceptional” assistance in the future. The limits aren’t retroactive, meaning firms that have already taken government money won’t be subject to the restrictions unless they have to come back for more. Pay caps may provide the political cover the administration needs to deliver additional infusions of capital into the financial sector. Obama ... “is not proposing to go back and get that $18.4 billion in bonuses back,” Laura Thatcher, head of law firm Alston & Bird’s executive compensation practice in Atlanta, said of the cash bonuses New York banks paid last year, the sixth-biggest haul in history. “Right now, we have not clamped down” on pay at banks. In addition, some executives may be compensated for the potential reduced salaries with restricted stock grants, which may result in huge paydays after the bank repays the government assistance with interest. “They’re just allowing companies to defer compensation,” said Graef Crystal, a former compensation consultant. The restrictions are “a joke,” he said, because “if the government is paid pack, you can be sure that the stock will have risen hugely.”

Note: For many revealing reports from reliable sources on the realities behind the Wall Street bailout, click here.

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.