Corporate Corruption News Stories

Excerpts of Key Corporate Corruption News Stories in Major Media

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After government officials like former White House advisers Rob Flaherty and Andy Slavitt repeatedly harangued platforms such as Facebook to censor Americans who contested the government's narrative on COVID-19 vaccines, Missouri and Louisiana sued. They claimed that the practice violates the First Amendment. Following years of litigation, the Supreme Court threw cold water on their efforts, ruling in Murthy v. Missouri that states and the individual plaintiffs lacked standing to sue the government for its actions. The government often disguised its censorship requests by coordinating with ostensibly "private" civil society groups to pressure tech companies to remove or shadow ban targeted content. According to the U.S. House Weaponization Committee's November 2023 interim report, the Cybersecurity and Infrastructure Security Agency requested that the now-defunct Stanford Internet Observatory create a public-private partnership to counter election "misinformation" in 2020. This consortium of government and private entities took the form of the Election Integrity Partnership (EIP). EIP's "private" civil society partners then forwarded the flagged content to Big Tech platforms like Facebook, YouTube, TikTok and Twitter. These "private" groups ... receive millions of taxpayer dollars from the National Science Foundation, the State Department and the U.S Department of Justice. Legislation like the COLLUDE Act would ... clarify that Section 230 does not apply when platforms censor legal speech "as a result of a communication" from a "governmental entity" or from an non-profit "acting at the request or behest of a governmental entity."

Note: For more along these lines, see concise summaries of deeply revealing news articles on censorship and government corruption from reliable sources.

OnlyFans makes reassuring promises to the public: It's strictly adults-only, with sophisticated measures to monitor every user, vet all content and swiftly remove and report any child sexual abuse material. Reuters documented 30 complaints in U.S. police and court records that child sexual abuse material appeared on the site between December 2019 and June 2024. The case files examined by the news organization cited more than 200 explicit videos and images of kids, including some adults having oral sex with toddlers. In one case, multiple videos of a minor remained on OnlyFans for more than a year, according to a child exploitation investigator who found them while assisting Reuters. OnlyFans "presents itself as a platform that provides unrivaled access to influencers, celebrities and models," said Elly Hanson, a clinical psychologist and researcher who focuses on preventing sexual abuse and reducing its impact. "This is an attractive mix to many teens, who are pulled into its world of commodified sex, unprepared for what this entails." In 2021 ... 102 Republican and Democratic members of the U.S. House of Representatives called on the Justice Department to investigate child sexual abuse on OnlyFans. The Justice Department told the lawmakers three months later that it couldn't confirm or deny it was investigating OnlyFans. Contacted recently, a department spokesperson declined to comment further.

Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals from reliable major media sources.

Toxic PFAS "forever chemicals" used in lithium ion batteries essential to the clean energy transition present a dangerous source of chemical pollution that new research finds threatens the environment and human health. The multipronged, peer-reviewed study zeroed in on a little-researched and unregulated subclass of PFAS called bis-FASI that are used in lithium ion batteries. Researchers found alarming levels of the chemicals in the environment near manufacturing plants, noted their presence in remote areas around the world, found they appear to be toxic to living organisms, and discovered that waste from batteries disposed of in landfills was a major pollution source. PFAS are a class of about 16,000 human-made compounds most often used to make products resistant to water, stains and heat. They are called "forever chemicals" because they do not naturally break down and have been found to accumulate in humans. The chemicals are linked to cancer, birth defects, liver disease, thyroid disease, plummeting sperm counts and a range of other serious health problems. The paper notes that few end-of-life standards for PFAS battery waste exist, and the vast majority ends up in municipal dumps where it can leach into waterways, accumulate locally or be transported long distances. It looked at the presence of the chemicals in historical leachate samples and found none in those from prior to the mid-1990s, when the chemical class was commercialized.

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

A court in the United States has found multinational fruit company Chiquita Brands International liable for financing a Colombian paramilitary group. The group, the United Self-Defence Forces of Colombia (AUC), was designated by the US as a terrorist organisation at the time. Following a civil case brought by eight Colombian families whose relatives were killed by the AUC, Chiquita has been ordered to pay $38.3m (Ł30m) in damages to the families. The AUC engaged in widespread human rights abuses in Colombia, including murdering people it suspected of links with left-wing rebels. The victims ranged from trade unionists to banana workers. The case was brought by the families after Chiquita pleaded guilty in 2007 to making payments to the AUC. During the 2007 trial, it was revealed that Chiquita had made payments amounting to more than $1.7m to the AUC in the six years from 1997 to 2004. The banana giant said that it began making the payments after the leader of the AUC at the time, Carlos Castaño, implied that staff and property belonging to Chiquita's subsidiary in Colombia could be harmed if the money was not forthcoming. The AUC claimed to have been created to defend landowners from ... left-wing rebels, the paramilitary group more often acted as a death squad for drug traffickers. At its height, it had an estimated 30,000 members who engaged in intimidation, drug trafficking, extortion, forced displacement and killings.

Note: Read more about Chiquita's payments to this Colombian paramilitary group. Chiquita succeeded the United Fruit Company, which once owned most of the land in Guatemala and had close ties with the CIA. When Guatemala's democratically elected president aimed to nationalize land, US covert operations installed a military dictator, returning the land to United Fruit. This led to a bloody 40-year civil war and a series of repressive military regimes, armed with CIA-funded weapons.

Real estate companies are making an explicit appeal to wartime patriotism, leading with the conflict as a selling point and a reason to invest. In late June, a company called My Israel Home hosted an expo at a Los Angeles synagogue catering to a specific clientele: Jewish Americans looking to buy a new home in Israel – or on illegal Israeli settlements in the occupied West Bank. Similar real estate fairs have popped up across North America this year ... and several have faced protests as the war on Gaza has brought the issue of Israeli settlements and Palestinian sovereignty to the fore. On websites largely tailored for Jewish American buyers looking to move to Israel, prospective homeowners can browse properties that include listings for homes in settlement communities, which offer the typical trappings of suburban life. Around a dozen real estate firms have participated in real estate fairs organized by My Israel Home across North America this year. Six of these firms are actively marketing at least two dozen separate properties for sale located within eight different West Bank and East Jerusalem settlements, according to their online listings. Other real estate firms commonly list dozens of West Bank properties on their sites. West Bank settlements have long drawn criticism from the international community, which regards the settlements as illegal, in violation of Article 49 of the Geneva Conventions. Criticism of settlements have only intensified in recent months amid a spike in settler violence against Palestinians in the occupied territory.

Note: 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.

Recall ... takes constant screenshots in the background while you go about your daily computer business. Microsoft's Copilot+ machine-learning tech then scans (and "reads") each of these screenshots in order to make a searchable database of every action performed on your computer and then stores it on the machine's disk. "Recall is like bestowing a photographic memory on everyone who buys a Copilot+ PC," [Microsoft marketing officer Yusuf] Mehdi said. "Anything you've ever seen or done, you'll now more or less be able to find." Charlie Stross, the sci-fi author and tech critic, called it a privacy "shit-show for any organisation that handles medical records or has a duty of legal confidentiality." He also said: "Suddenly, every PC becomes a target for discovery during legal proceedings. Lawyers can subpoena your Recall database and search it, no longer being limited to email but being able to search for terms that came up in Teams or Slack or Signal messages, and potentially verbally via Zoom or Skype if speech-to-text is included in Recall data." Faced with this pushback, Microsoft [announced] that Recall would be made opt-in instead of on by default, and also introducing extra security precautions – only producing results from Recall after user authentication, for example, and never decrypting data stored by the tool until after a search query. The only good news for Microsoft here is that it seems to have belatedly acknowledged that Recall has been a fiasco.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.

During his final three years at the US Food and Drug Administration the physician scientist Doran Fink's work focused on reviewing covid-19 vaccines. But a decade after joining the agency Fink had accepted a job with Moderna, the covid vaccine manufacturer. As he left for the private sector, the FDA's ethics programme staff emailed him guidelines on post-employment restrictions, "tailored to your situation." The email, obtained by The BMJ under a freedom of information request, explained that, although US law prohibits a variety of types of lobbying contact, "they do not prohibit the former employee from other activities, including working ‘behind the scenes.'" The legal ability to work "behind the scenes" is enshrined in federal regulations and highlights a "critical, critical loophole" in US revolving door policy. Craig Holman, a government affairs lobbyist for the organisation Public Citizen, told The BMJ that the rules forbid various forms of direct lobbying contact but permit lobbying activity that is indirect. "So, people will leave government service and can immediately start doing influence peddling and lobbying," Holman explained. "They can even run a lobbying campaign, as long as they don't actually pick up the telephone and make the contact with their former officials." A majority of former FDA reviewers take up jobs in industry. Since 2000 every FDA commissioner, the agency's highest position, has gone on to work for industry.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in Big Pharma from reliable major media sources.

A Supreme Court ruling against the opioid company Purdue Pharma ... substantially raised the bar for executives and owners trying to shield their wealth. Johnson & Johnson, Boy Scouts of America and Rite Aid are among the entities trying to handle a vast number of lawsuits in bankruptcy court, seeking to resolve all claims in a single settlement. These proceedings have echoes of the Purdue Pharma case decided by the Supreme Court on Thursday, in which the Sackler family, which owns the bankrupt opioid-maker, offered plaintiffs about $6 billion of the $11 billion they extracted from the company. In exchange, family members would have received immunity from future lawsuits, without filing for bankruptcy themselves. A 5-4 Supreme Court held that settlement was inadequate. Its ruling threw the massive bankruptcy case against Purdue Pharma into doubt after years of court battles over the company's role in the nation's opioid epidemic. The decision also adds a fresh wrinkle to a controversial legal strategy, called the Texas two-step, in which companies use a Texas law to split into separate companies and shift a large volume of legal claims onto the newly created entity. In the second step, the entity carrying the lawsuits files for bankruptcy and seeks to release its parent organization from all liability in exchange for a payout. Johnson & Johnson transferred some of its assets and all of the legal claims against it over asbestos-tainted talcum powder into a new legal entity that filed for Chapter 11. Boy Scouts of America ... agreed to pay $2.5 billion to settle claims of sexual abuse in bankruptcy court, a deal that shields from future litigation insurance companies as well as schools, churches and community organizations involved with the nonprofit.

Note: For more like this, read about how powerful corporations use the bankruptcy system to dodge lawsuits over sexual abuse and deadly products. Along US opioid industry lines, read how the industry operated like a drug cartel. Watch our Mindful News Brief video on how the deadly War on Drugs protects the activities of the rich and powerful: military-intelligence interests within the US government, big banks, Big Pharma, and drug cartels.

A growing number of supermarkets in Alabama, Oklahoma, and Texas are selling bullets by way of AI-powered vending machines, as first reported by Alabama's Tuscaloosa Thread. The company behind the machines, a Texas-based venture dubbed American Rounds, claims on its website that its dystopian bullet kiosks are outfitted with "built-in AI technology" and "facial recognition software," which allegedly allow the devices to "meticulously verify the identity and age of each buyer." As showcased in a promotional video, using one is an astoundingly simple process: walk up to the kiosk, provide identification, and let a camera scan your face. If its embedded facial recognition tech says you are in fact who you say you are, the automated machine coughs up some bullets. According to American Rounds, the main objective is convenience. Its machines are accessible "24/7," its website reads, "ensuring that you can buy ammunition on your own schedule, free from the constraints of store hours and long lines." Though officials in Tuscaloosa, where two machines have been installed, [said] that the devices are in full compliance with the Bureau of Alcohol, Tobacco, Firearms and Explosives' standards ... at least one of the devices has been taken down amid a Tuscaloosa city council investigation into its legal standing. "We have over 200 store requests for AARM [Automated Ammo Retail Machine] units covering approximately nine states currently," [American Rounds CEO Grant Magers] told Newsweek, "and that number is growing daily."

Note: Facial recognition technology is far from reliable. For more along these lines, see concise summaries of deeply revealing news articles on artificial intelligence from reliable major media sources.

High-level former intelligence and national security officials have provided crucial assistance to Silicon Valley giants as the tech firms fought off efforts to weaken online monopolies. John Ratcliffe, the former Director of National Intelligence, Brian Cavanaugh, a former intelligence aide in the White House, and [former White House National Security Advisor Robert] O'Brien jointly wrote to congressional leaders, warning darkly that certain legislative proposals to check the power of Amazon, Google, Meta, and Apple would embolden America's enemies. The letter left unmentioned that the former officials were paid by tech industry lobbyists at the time as part of a campaign to suppress support for the legislation. The Open App Markets App was designed to break Apple and Google's duopoly over the smartphone app store market. The companies use their control over the app markets to force app developers to pay as much as 30 percent in fees on every transaction. Breaking up Apple and Google's hold over the smartphone app store would enable greater free expression and innovation. The American Innovation and Choice Online Act similarly encourages competition by preventing tech platforms from self-preferencing their own products. The Silicon Valley giants deployed hundreds of millions of dollars in lobbying efforts to stymie the reforms. For Republicans, they crafted messages on national security and jobs. For Democrats, as other reports have revealed, tech giants paid LGBT, Black, and Latino organizations to lobby against the reforms, claiming that powerful tech platforms are beneficial to communities of color and that greater competition online would lead to a rise in hate speech.The lobbying tactics have so far paid off. Every major tech antitrust and competition bill in Congress has died over the last four years.

Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and Big Tech from reliable major media sources.

In May, the New York State government agreed to subsidize news media. The legislation allows tax credits for up to half of journalists' salaries. Not every outlet can write off employment costs. Excluded ... are nonprofit operations as well as those owned by publicly traded companies. Governments have tried to suppress dissenting views. If a massive chunk of journalists' income comes from one reliable source–government coffers–they'll inevitably treat government as the audience to please rather than locals who've proven difficult to court and who distrust the press. Under such subsidies, the future of local media could be one of well-funded media outlets ignored by their nominal communities as they produce reports tailored for the tastes of bureaucrats with funding power. That's been an ongoing problem with publicly funded journalism. "In Europe, we have seen governments harm the reputation and independence of public media to the point of limiting their citizens' access to differing points of view," Freedom House research analyst Jessica White wrote. In December, a report from The Future of Free Speech, an independent think tank ... warned, "the global landscape for freedom of expression has faced severe challenges in 2023. Even open democracies have implemented restrictive measures." The report documented how obsession with "hate speech," "terrorist content," and "disinformation" are wielded as bludgeons by officials against critics of government officials and their policies.

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

Twenty years ago, FedEx established its own police force. Now it's working with local police to build out an AI car surveillance network. The shipping and business services company is using AI tools made by Flock Safety, a $4 billion car surveillance startup, to monitor its distribution and cargo facilities across the United States. As part of the deal, FedEx is providing its Flock surveillance feeds to law enforcement, an arrangement that Flock has with at least four multi-billion dollar private companies. Some local police departments are also sharing their Flock feeds with FedEx – a rare instance of a private company availing itself of a police surveillance apparatus. Such close collaboration has the potential to dramatically expand Flock's car surveillance network, which already spans 4,000 cities across over 40 states and some 40,000 cameras that track vehicles by license plate, make, model, color and other identifying characteristics, like dents or bumper stickers. Jay Stanley ... at the American Civil Liberties Union, said it was "profoundly disconcerting" that FedEx was exchanging data with law enforcement as part of Flock's "mass surveillance" system. "It raises questions about why a private company ... would have privileged access to data that normally is only available to law enforcement," he said. Forbes previously found that [Flock] had itself likely broken the law across various states by installing cameras without the right permits.

Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and the disappearance of privacy from reliable major media sources.

A recent audit of Pentagon funding of gain-of-function research outside the US "may have shielded" collaborations with Chinese biotech firms – including at least one linked to Beijing's military, a Republican senator alleged. Sen. Roger Marshall (R-Kan.) pressed Defense Secretary Lloyd Austin for answers about redactions that had concealed the firms – WuXi AppTec, Pharmaron Beijing Co., and Genscript Inc. – from public scrutiny in the audit, according to a letter. "American taxpayers deserve transparency about the programs they are funding, and I am disappointed this OIG report does not provide that accountability," Marshall wrote. According to the Defense Department Office of Inspector General audit, more than $15.5 million in grants between 2014 and 2023 flowed through subrecipients to "contracting research organization[s] in China or other foreign countries for research related to potential enhancement of pathogens of pandemic potential." However, the 20-page audit cited "significant limitations with the adequacy of data" – and said the Pentagon "did not track funding at the level of detail necessary to determine whether the DoD provided funding ... for the gain-of-function experiments. Such research is classified as "offensive biological work" by the Pentagon, which Marshall said "raises questions" about National Institutes of Health (NIH) officials having admitted this year to funding gain-of-function experiments at the ... Wuhan Institute of Virology.

Note: Watch our 15-min Mindful News Brief video on the strong evidence that bioweapons research created COVID-19. For more along these lines, see concise summaries of deeply revealing news articles on COVID-19 and military corruption from reliable major media sources.

I had to watch every frame of a recent stabbing video ... It will never leave me," says Harun*, one of many moderators reviewing harmful online content in India, as social media companies increasingly move the challenging work offshore. Moderators working in Hyderabad, a major IT hub in south Asia, have spoken of the strain on their mental health of reviewing images and videos of sexual and violent content, sometimes including trafficked children. Many social media platforms in the UK, European Union and US have moved the work to countries such as India and the Philippines. While OpenAI, creator of ChatGPT, has said artificial intelligence could be used to speed up content moderation, it is not expected to end the need for the thousands of human moderators employed by social media platforms. Content moderators in Hyderabad say the work has left them emotionally distressed, depressed and struggling to sleep. "I had to watch every frame of a recent stabbing video of a girl. What upset me most is that the passersby didn't help her," says Harun. "There have been instances when I've flagged a video containing child nudity and received continuous calls from my supervisors," [said moderator Akash]. "Most of these half-naked pictures of minors are from the US or Europe. I've received multiple warnings from my supervisors not to flag these videos. One of them asked me to ‘man up' when I complained that these videos need to be discussed in detail."

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

Trevin Brownie had to sift through lots of disturbing content for the three years he worked as an online content moderator in Nairobi, Kenya. "We take off any form of abusive content that violates policies such as bullying and harassment or hate speech or violent graphic content suicides," Brownie [said]. Brownie has encountered content ranging from child pornography, material circulated by organized crime groups and terrorists, and images taken from war zones. "I've seen more than 500 beheadings on a monthly basis," he said. Brownie moved from South Africa, where he previously worked at a call center, to Nairobi, where he worked as a subcontractor for Facebook's main moderation hub in East Africa, which was operated by a U.S.-based company called Sama AI. Content moderators working in Kenya say Sama AI and other third-party outsourcing companies took advantage of them. They allege they received low-paying wages and inadequate mental health support compared to their counterparts overseas. Brownie says ... PTSD has become a common side effect he and others in this industry now live with, he said. "It's really traumatic. Disturbing, especially for the suicide videos," he said. A key obstacle to getting better protections for content moderators lies in how people think social media platforms work. More than 150 content moderators who work with the artificial intelligence (AI) systems used by Facebook, TikTok and ChatGPT, from all parts of the continent, gathered in Kenya to form the African Content Moderator's Union. The union is calling on companies in the industry to increase salaries, provide access to onsite psychiatrists, and a redrawing of policies to protect employees from exploitative labour practices.

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

Once upon a time, Google was great. They intensively monitored what people searched for, and then used that information continually to improve the engine's performance. Their big idea was that the information thus derived had a commercial value; it indicated what people were interested in and might therefore be of value to advertisers who wanted to sell them stuff. Thus was born what Shoshana Zuboff christened "surveillance capitalism", the dominant money machine of the networked world. The launch of generative AIs such as ChatGPT clearly took Google by surprise, which is odd given that the company had for years been working on the technology. The question became: how will Google respond to the threat? Now we know: it's something called AI overviews, in which an increasing number of search queries are initially answered by AI-generated responses. Users have been told that glue is useful for ensuring that cheese sticks to pizza, that they could stare at the sun for for up to 30 minutes, and that geologists suggest eating one rock per day. There's a quaint air of desperation in the publicity for this sudden pivot from search engine to answerbot. The really big question about the pivot, though, is what its systemic impact on the link economy will be. Already, the news is not great. Gartner, a market-research consultancy, for example, predicts that search engine volume will drop 25% by 2026 owing to AI chatbots and other virtual agents.

Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and Big Tech from reliable major media sources.

A global network of powerful entities, fueled in part by Wall Street, is buying up land and water around the world. This global land rush has led to wrecked wells and lost farms from Arizona to Zambia – and it risks sowing the seeds for future global conflict, according to "The Grab," a new documentary out today from Gabriela Cowperthwaite. The film follows a seven-year investigation by producer and journalist Nathan Halverson of The Center for Investigative Reporting. In part, "The Grab" argues that power is being exercised over individual landowners by a convoluted and opaque network of sovereign wealth funds, national governments and Wall Street. One critical focus of this push is Africa. Halverson interviewed Brig Siachitema, an activist in the Zambian town of Serenje, where he says foreign investors have been buying up the ancestral land of villagers and kicking them off it. Late in the movie, he presents La Paz County Supervisor Holly Irwin with evidence that the Arizona State Retirement System – her own pension fund – is invested in the project that is draining the aquifer beneath the county. Rather than fighting to protect U.S. land and food from other multinational corporations, "the governments are working for the corporations." There are enough calories worldwide to feed a growing global population, even with climate change, and even in 2050. The race to lock down resources, and governments' panic over the unrest caused by spiking food prices, risks scaling up to a war between great powers.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in the financial system and in the corporate world from reliable major media sources.

Americans are paying too much for prescription drugs. Pharmacy benefit managers ... are driving up drug costs for millions of people, employers and the government. The three largest pharmacy benefit managers, or P.B.M.s, act as middlemen overseeing prescriptions for more than 200 million Americans. They are owned by huge health care conglomerates – CVS Health, Cigna and UnitedHealth Group – and are hired by employers and governments. The job of the P.B.M.s is to reduce drug costs. Instead, they frequently do the opposite. They steer patients toward pricier drugs, charge steep markups on what would otherwise be inexpensive medicines and extract billions of dollars in hidden fees. Most Americans get their health insurance through a government program like Medicare or through an employer, which pay for two different types of insurance for each person. One type covers visits to doctors and hospitals, and it is handled by an insurance company. The other pays for prescriptions. That is overseen by a P.B.M. The P.B.M. negotiates with drug companies, pays pharmacies and helps decide which drugs patients can get at what price. In theory, everyone saves money. But those savings appear to be largely a mirage, a product of a system where prices have been artificially inflated so that major P.B.M.s and drug companies can boost their profits while taking credit for reducing prices.

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

Food costs have skyrocketed. Americans paid roughly 25 percent more on groceries and dining out this March than they paid in January 2020, outpacing the rate of general inflation. Over that same period, the companies behind the country's 10 largest grocery and restaurant brands have together returned or pledged to return more than $77 billion to shareholders. The Department of Agriculture calculates that the average American spent 11 percent of their disposable income on food in 2022, the highest amount in nearly four decades. Grocery prices rose over 10 percent that year alone, the largest annual increase since the 1970s. According to an analysis by Food and Water Watch, a corporate watchdog group, food costs for an average family of four living on a "thrifty" budget increased 50 percent from January 2020 to January 2024, from $654 to $976 a month. The number of households facing food insecurity grew by 3.5 million between 2020 and 2022. Some 28 million adults in America lack constant access to enough food to lead an active and healthy life, forcing them to eat unbalanced diets, cut portion sizes, and skip meals. The nation's biggest food processors and retailers [are] spending billions of their record profits buying back their own shares on the open market to inflate stock value and issuing generous dividends. The main purpose of buybacks is to enrich senior corporate executives and hedge-fund managers.

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

An analysis from Accountable.US showed how more than 100 million people who rent their homes in the U.S. are not seeing the benefits of what one Biden spokesperson called "the great American comeback" in their housing costs, particularly millions of people whose homes are owned by corporate landlords. The government watchdog found that the six largest corporate landlord companies brought in close to a combined $300 million in increased profits in the first quarter of 2024, with the profits mostly stemming from rent hikes. Overall in the U.S., rent prices have skyrocketed by 31.4% since 2019 while wages have increased by just 23%, meaning tenants need to earn nearly $80,000 per year to keep from being rent-burdened. The six companies included in the Accountable.US analysis on Wednesday have more than rent increases in common: They have all faced lawsuits regarding their use of the property management software company RealPage, which is alleged to have used an algorithm to fix rent prices, impacting about 16 million rental units in the United States. The group's analysis was released weeks after the Federal Bureau of Investigation conducted a raid on an Atlanta-based property management firm in the Department of Justice's antitrust investigation into RealPage regarding "allegations of a nationwide conspiracy to artificially inflate apartment rents." RealPage's ... influence covers 70% of multifamily apartment buildings.

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

Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.