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Revealing News For a Better World

Corporate Corruption News Stories
Excerpts of Key Corporate Corruption News Stories in Major Media


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: This comprehensive list of news stories is usually updated once a week. 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.


Internal Pharma Documents Reveal Strategies Used to Corrupt the Medical Field
2023-05-09, Mad in America
Posted: 2023-09-10 20:35:02
https://www.madinamerica.com/2023/05/internal-pharma-documents-reveals-strate...

A recent Cochrane Evidence Synthesis and Methods article examines internal pharma industry documents, primarily obtained through litigation. The study finds that the pharmaceutical industry employs numerous ghost management strategies to corrupt research, circumvent and undermine regulations, manipulate consumers, and protect its interests. The authors write: "The scientific literature using internal documents confirmed widespread corporate influence in the pharmaceutical sector. While the academic literature used internal documents related to only a handful of products, our research results, based on ghostmanagement categories, demonstrate the extent of corporate influence in every interstice of pharmaceutical markets, particularly in clinical research and clinical practice." Analysis of the articles revealed several common ghost management strategies the pharmaceutical industry utilizes. Ghost management is a system of behind-the-scenes processes by which the industry corrupts researchers, clinicians, and regulatory agencies with gifts and bribes and determines what research will be funded, what scientific journals can publish, and how physicians, etc., will present their product. The present research reveals eight broad categories of ghost management: scientific capture, professional capture, regulatory capture, media capture, market capture, technological capture, civil society capture, and others. Scientific capture was the most commonly analyzed ghost management strategy.

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


No app, no entry: How the digital world is failing the non tech-savvy
2023-08-20, The Guardian (One of the UK's Leading Newspapers)
Posted: 2023-09-03 14:05:45
https://www.theguardian.com/technology/2023/aug/20/no-app-no-entry-how-the-di...

The cashless society is effectively already a reality for most of us, but there remains a minority for whom it represents a continuing headache. The government last week told high street banks that they must offer access to cash machines within three miles of customers after the closure of thousands of branches had reduced the number of ATMs. There are also an estimated to be 1.3 million adults in this country who are "unbanked" – ie do not have a bank account. For them, something as mundane as parking a car is increasingly fraught – a quarter of London councils have removed pay and display parking machines in favour of smartphone-centred apps. The shiny, bright future of full computerisation looks very much like a dystopia to someone who either doesn't understand it or have the means to access it. And almost by definition, the people who can't access the digitalised world are seldom visible, because absence is not easy to see. What is apparent is that improved efficiency doesn't necessarily lead to greater wellbeing. Technology doesn't have to be dehumanising, but if it's to avoid that outcome it has to be human-focused, not just consumer-focused, and in particular not just digital-consumer-focused. Cash, like printed air tickets or indeed train tickets, will no doubt one day soon seem as anachronistic as the barter system. In the meantime the transition should focus on ensuring that no one is discounted because they are too old, too poor or too disabled to matter to the gods of efficiency.

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


Carbon credit speculators could lose billions as offsets deemed ‘worthless'
2023-08-24, The Guardian (One of the UK's Leading Newspapers)
Posted: 2023-09-03 13:58:26
https://www.theguardian.com/environment/2023/aug/24/carbon-credit-speculators...

Carbon credit speculators could lose billions as scientific evidence shows many offsets they have bought have no environmental worth and have become stranded assets. Amid growing evidence that huge numbers of carbon credits do nothing to mitigate global heating and can sometimes be linked to alleged human rights concerns, there is a growing pile of carbon credits ... that are unused in the unregulated voluntary market, according to market analysis. Many of the largest companies in the world have used carbon credits for their sustainability efforts from the unregulated voluntary market, which grew to $2bn (Ł1.6bn) in size in 2021 and saw prices for many carbon credits rise above $20 per offset. The credits are often generated on the basis they are contributing to climate change mitigation such as stopping tropical deforestation, tree planting and creating renewable energy projects. A new study in the journal Science has found that millions of forest carbon credits approved by Verra, the world's leading certifier, are largely worthless and could make global heating worse if used for offsetting. The analysis ... found that 18 big forest offsetting projects had produced millions of carbon credits based on calculations that greatly inflated their conservation impact. The schemes, which generate credits by avoiding hypothetical deforestation, were found not to reduce forest loss or to reduce it by only small amounts, far less than the huge areas they were claiming to protect, rendering the credits largely hot air.

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


Revealed: WHO aspartame safety panel linked to alleged Coca-Cola front group
2023-08-17, The Guardian (One of the UK's Leading Newspapers)
Posted: 2023-08-28 16:36:58
https://www.theguardian.com/business/2023/aug/17/who-panel-aspartame-diet-cok...

In May, the World Health Organization issued an alarming report that declared widely used non-sugar sweeteners like aspartame are likely ineffective for weight loss, and long term consumption may increase the risk of diabetes, cardiovascular diseases and mortality in adults. A few months later, WHO declared aspartame, a key ingredient in Diet Coke, to be a "possible carcinogen", then quickly issued a third report that seemed to contradict its previous findings – people could continue consuming the product at levels determined to be safe decades ago. That contradiction stems from beverage industry corruption of the review process by consultants tied to an alleged Coca-Cola front group, the public health advocacy group US Right to Know said in a recent report. It uncovered eight WHO panelists involved with assessing safe levels of aspartame consumption who are beverage industry consultants who currently or previously worked with the alleged Coke front group, International Life Sciences Institute (Ilsi). Aspartame was first approved for use in the US in the early 1980s over the objection of some researchers who warned of potential health risks. In recent years, as evidence of health threats has mounted, industry has ramped up a PR campaign to downplay the issues. Ilsi representatives have sought to shape food policy worldwide. [Gary Ruskin, US Right to Know's executive director], characterized the aspartame controversy as a "masterpiece in how Ilsi worms its way into these regulatory processes".

Note: Explore a comprehensive overview of key scientific studies on aspartame harms, and how they were covered up by the sugar industry. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the corporate world from reliable major media sources.


From fatal eyedrops to mislabeled melatonin, why the FDA is failing the public
2023-08-21, Salon
Posted: 2023-08-28 16:26:15
https://www.salon.com/2023/08/21/from-fatal-eyedrops-to-mislabeled-melatonin-...

A 2022 investigation by the journal The BMJ declared that FDA oversight of clinical trials, including those for Pfizer and Moderna's mRNA Covid-19 vaccines, was "grossly inadequate," from not conducting enough inspections to failing to alert scientific journals or the public when violations were flagged. But the issues here are not confined to behind the pharmacy counter. Dr. John Abramson, author of the recent book "Sickening: How Big Pharma Broke American Health Care and How We Can Repair It," traces the roots of issue back decades. "In 1992, when what turned out to be effective HIV drugs were stuck in the bottleneck of the FDA, they didn't have enough staff to get them through quickly enough. Many people were dying, and it was a real crisis," he explains. "The solution was that the Prescription Drug User Fee Agreement was passed. The drug companies started to pay a user fee with that was due upon application for new drug approval. And now roughly 65% of the FDA budget for overseeing human products comes from the drug and device companies. This comes with rigid timelines, and as I see from the outside, some degree of influence and obligation to the drug companies that derives from this agreement." The numbers here vary – Forbes puts that budget figure as high as 75%. Another similar conflict of interest that concerns Abramson is what he calls "the revolving door that goes between FDA and the drug industry."

Note: Read about Brook Jackson, a researcher for the Pfizer COVID-19 vaccine trials, who discovered patient safety concerns, data integrity issues, and other significant issues at her site. When she reported it to the FDA, she was fired the same day. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health from reliable major media sources.


Gov't scientists got $325M in royalties from China, Russia, pharma firms: report
2023-08-09, New York Post
Posted: 2023-08-20 16:32:18
https://nypost.com/2023/08/09/325m-in-royalty-payments-to-nih-scientists-incl...

National Institutes of Health scientists raked in more than $325 million in royalties from Chinese and Russian entities – as well as pharmaceutical companies – over more than a decade, according to a new report. Former NIH director Dr. Francis Collins and former National Institutes of Allergy and Infectious Diseases (NIAID) director Dr. Anthony Fauci were among the thousands of government whitecoats who took the cash between September 2009 and October 2020, the taxpayer watchdog OpenTheBooks.com revealed. Several of those royalties came from companies that in turn received federal contracts and grants, prompting concerns about conflicts of interest. Unredacted documents obtained by the group through the Freedom of Information Act (FOIA) show at least 34 Chinese companies are licensing NIH technologies initially funded by US taxpayers. Some of those licensing fees came from the Wuhan Institute of Biological Products Co. Ltd., a subsidiary of the Chinese government-owned pharmaceutical company Sinopharm, which produced a COVID-19 vaccine. In 2016, the biological products company moved its headquarters next to the Wuhan Institute of Virology, where risky "gain-of-function" research funded by the US government may have led to the outbreak of the pandemic. The late Dr. Robert Chanock, the former head of the NIAID's laboratory of infectious diseases, and Dr. Jeffrey Cohen, his successor, were just a few of the virologists on the take from the Wuhan-based company.

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


What progressives get wrong when it comes to crypto
2023-08-12, Fortune
Posted: 2023-08-20 16:26:00
https://fortune.com/crypto/2023/08/12/what-progressives-get-wrong-when-it-com...

Progressives are confused and distressed over the choice by many of our allies to devalue decentralization in the technology space, and even to portray it as worse than Big Tech alternatives. In recent months, a number of progressive commentators have attacked the very idea of decentralization, arguing that it's a distraction from other political goals. This has also led to progressives making crypto a favorite target and, bizarrely, taking the positions of big banks, which are notoriously monopolistic. To us, the more pressing concern is legacy tech platforms–and their ongoing capture of user data. Decentralizing technology will prove crucial in ensuring that the world isn't run by a handful of unelected technologists. Crypto is an exception to so much technology because it runs on blockchain and no single person or corporation can control it. We value a world where power is dispersed to the people, where no one is so powerful that they can dictate terms to the rest of us. A blockchain allows everyone to own their own data, to control their own information, and to port that information and data to another system at their discretion. It also allows for people to exchange both data and money in a peer-to-peer manner, without permission from expensive, bureaucratic, and–in many cases–unnecessary intermediaries. Migrants also use crypto to send money to their home countries, and this activity alone will become increasingly important as political and climate migration continues to accelerate.

Note: The US government financially attacked Wikileaks in 2010 after the organization published documentation of US military war crimes. This attack would have ended Wikileaks, but the organization instead embraced bitcoin and survived for several more years. For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption from reliable major media sources.


What if We're the Bad Guys Here?
2023-08-02, New York Times
Posted: 2023-08-15 13:30:04
https://www.nytimes.com/2023/08/02/opinion/trump-meritocracy-educated.html

When I began my journalism career in Chicago in the 1980s, there were still some old crusty working-class guys around the newsroom. Now we're not only a college-dominated profession; we're an elite-college-dominated profession. Only 0.8 percent of college students graduate from the super-elite 12 schools (the Ivy League colleges, plus Stanford, M.I.T., Duke and the University of Chicago). A 2018 study found that more than 50 percent of the staff writers at the beloved New York Times and The Wall Street Journal attended one of the 29 most elite universities in the nation. Members of our class also segregate ourselves into a few booming metro areas. In 2020, Biden won only 500 or so counties, but together they are responsible for 71 percent of the American economy. Trump won over 2,500 counties, responsible for only 29 percent. Like all elites, we use language and mores as tools to recognize one another and exclude others. Using words like "problematic," "cisgender," "Latinx" and "intersectional" is a sure sign that you've got cultural capital. Meanwhile, members of the less-educated classes have to walk on eggshells because they never know when we've changed the usage rules so that something that was sayable five years ago now gets you fired. Does this mean that I think the people in my class are vicious and evil? No. Most of us are earnest, kind and public-spirited. But we take for granted and benefit from systems that have become oppressive.

Note: Watch an excellent interview of journalist Batya Ungar-Sargon discussing how journalism has shifted from being a working class trade that held the powerful accountable to an elite industry that serves the upper class. She articulates that mainstream news has abandoned and divided the working class by creating a culture war around identity and race. Elites shaping the news industry benefit from this political polarization, which hides the tragic reality of income inequality that affect all races across political lines.


Map: Does your drinking water contain ‘forever chemicals'?
2023-08-05, The Hill
Posted: 2023-08-15 13:26:06
https://thehill.com/homenews/nexstar_media_wire/4133806-map-does-your-drinkin...

So-called "forever chemicals" have been found in 45% of the nation's tap water, according to a recent government study, but is your tap water affected? If you're wondering whether or not your tap water might contain synthetic chemicals known as PFAS, nonprofit Environmental Working Group created an interactive map using official records and data from public drinking water systems to show where forever chemicals were found to be above and below the advised maximum concentration level, 4 parts per trillion (PPT). EWG notes that while researchers used the highest quality data available, contamination levels are based on a single point in time and may not reflect changes to the water system or treatment efforts. PFAS is an umbrella term for thousands of chemicals that are used to make nonstick pans, food packaging, fire-fighting foams, to-go boxes, furniture, rugs, clothing and more. The chemicals are so ubiquitous it would be nearly impossible for most Americans to rid their home of them. The chemicals are both extremely common and potentially dangerous. Described as "forever chemicals" because they don't degrade naturally in the environment, PFAS have been linked to a variety of health problems, including liver and immune-system damage. Studies of lab animals have found potential links between PFAS chemicals and some cancers, including kidney and testicular, plus issues such as high blood pressure and low birth weight.

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


Chemical companies' PFAS payouts are huge – but the problem is even bigger
2023-08-03, The Guardian (One of the UK's Leading Newspapers)
Posted: 2023-08-15 13:24:40
https://www.theguardian.com/environment/2023/aug/03/chemical-companies-pfas-p...

When the chemical giant 3M agreed in early June to pay up to $12.5bn to settle a lawsuit over PFAS contamination in water systems across the nation, it was hailed by attorneys as "the largest drinking water settlement in American history", and viewed as a significant win for the public in the battle against toxic "forever chemicals". A second June settlement with the PFAS manufacturers DuPont, Chemours and Corteva tallied a hefty $1.1bn. But while the sums are impressive on their face, they represent just a fraction of the estimated $400bn some estimate will be needed to clean and protect the nation's drinking water. Orange county, California, alone put the cost of cleaning its system at $1bn. Because PFAS are so widely used and the scale of their harm is so great ... the industry's final bill could exceed the $200bn paid by big tobacco in the 1990s. PFAS are a class of about 15,000 compounds used to make products across dozens of industries resistant to water, stains and heat. They are called "forever chemicals" because they do not naturally break down, and are linked to cancer, kidney disease, liver conditions, immune disorders, birth defects and other health problems. The chemicals are thought to be contaminating drinking water for over 200 million Americans. Tens of thousands of contaminated private wells are not included in the settlement. The chemicals are also widely used in thousands of consumer products from dental floss to cookware to clothing, and have been found to contaminate food, soil and air.

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


A Democrat's obsessive quest to change the way America is farmed and fed
2023-07-26, The Guardian (One of the UK's Leading Newspapers)
Posted: 2023-08-15 13:23:09
https://www.theguardian.com/environment/2023/jul/26/earl-blumenauer-agricultu...

Each year for the last 26 years – nearly his entire tenure in the US Congress – Earl Blumenauer has advocated for a law that would utterly transform US agriculture. Nearly every time, though, his proposals have been shut down. Even so, he persists. Blumenauer, a Democrat from Oregon, wants to see a version of US agriculture that centers people, animals and the environment, rather than the large-scale, energy-intensive commodity crop farms that currently receive billions of dollars in subsidies. Blumenauer's newest plan, the Food and Farm Act, was introduced earlier this year, as an alternative to the farm bill – the package of food and agricultural policies passed every five years that is up for renewal this fall. His proposal would redirect billions of dollars away from subsidies for commodity farms towards programs that support small farmers, climate-friendly agriculture and increasing healthy food access. "Most of us don't even know that the public dollars initially designed to protect farmers and keep supply managed to feed a hungry nation in the Great Depression are now reinforcing wealthy agribusiness corporations to grow commodities that are not even meant for human consumption," said Joshua Newell, a policy analyst. Most of the farms excluded from subsidy payments are those using sustainable growing methods that preserve soil and benefit the climate. Blumenauer's bill would ... ensure more funding goes toward sustainable farming practices.

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


Why did the National Honey Board hire a PR firm that works for the pesticide industry?
2023-08-08, U.S. Right to Know
Posted: 2023-08-15 13:16:54
https://usrtk.org/pesticides/national-honey-board-porter-novelli/

In 2016, the American honey industry faced a crisis: The U.S. Food and Drug Administration had found high levels of glyphosate, an herbicide linked to cancer, in honey samples from Iowa. The National Honey Board (NHB), a honey industry-funded agency of the U.S. Department of Agriculture, did what many businesses under fire have done: They hired a crisis management public relations firm, in this case to downplay the risks of glyphosate in honey. The PR firm, Porter Novelli, later worked with the NHB to deflect concerns about honey containing neonicotinoids. The insect-killing chemicals are tied to the collapse of bee colonies. At the same time, Porter Novelli was working for Bayer, a leading manufacturer of glyphosate and neonicotinoids. The PR firm's work for Bayer included promoting the use of neonicotinoids and opposing regulations that would safeguard honey bees. CropLife America, the pesticide industry lobby group, has also hired Porter Novelli's subsidiary, Paradigm Communications, to "lead the effort to shift how pesticide products were portrayed in search engine results," according to the Intercept. Search terms compiled by CropLife America staff included "neonicotinoid," "pollinators," and "neonics." As other countries responded to the science by banning neonics, in the U.S., "industry dug in, seeking not only to discredit the research but to cast pesticide companies as a solution to the problem." Studies show the insecticides are toxic to the brain and nervous system [of humans].

Note: According to the CDC, about half the U.S. population is exposed to at least one neonic on a regular basis, with children ages 3-5 years old having the highest levels. Merchants of Poison: How Monsanto Sold the World on a Toxic Pesticide is a recent and comprehensive analysis of documents released in litigation against Monsanto that expose years of pesticide industry disinformation. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption.


The Biden Appointee Spearheading AI Accountability Has Close Ties To Google
2023-07-31, Huffington Post
Posted: 2023-08-07 21:38:18
https://www.huffpost.com/entry/alan-davidson-google-ai-accountability_n_64c7f...

Alan Davidson currently leads the National Telecommunications and Information Administration, or NTIA, the agency now crafting recommendations on how federal regulators can hold AI companies accountable. But for years, he worked as Google's chief lobbyist in Washington. NTIA's recommendations will help form the basis of the Biden administration's response to AI and machine learning. "People are warning that there are really serious downsides possible to AI, and I would want a hard-headed regulator to run down those concerns," said Jeff Hauser, the executive director of the Revolving Door Project, a watchdog focused on conflicts of interest in government. "Davidson is not likely, based on his CV, to be detached." Rapid advances in AI present a potential turning point for Silicon Valley's dominant tech firms. Notably, the first company to capture national attention with the launch of a new AI product was not a household name, like Google or Microsoft, but the independent research lab OpenAI, with its splashy launch of ChatGPT. Google reportedly sees the AI products it has in the pipeline as so pivotal to the company's future that Sergey Brin, the Google co-founder lately absorbed with outside projects, has returned to company headquarters to work directly with the team building its flagship AI system. "Google is the biggest player who cares about this issue," [said former Hill aide involved in antitrust policy]. "I cannot imagine Google doesn't view Alan Davidson as an asset to them."

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.


'Verified human': Worldcoin users queue up for iris scans
2023-07-25, Reuters
Posted: 2023-08-07 21:36:41
https://www.reuters.com/technology/verified-human-worldcoin-users-queue-up-ir...

People around the world are getting their eyeballs scanned in exchange for a digital ID and the promise of free cryptocurrency. The Worldcoin project says it aims to create a new "identity and financial network" and that its digital ID will allow users to, among other things, prove online that they are human, not a bot. The project launched on Monday, with eyeball scans taking place in countries including Britain, Japan and India. At a crypto conference in Tokyo, people on Tuesday queued in front of a gleaming silver globe flanked by placards stating: "Orbs are here." Applicants lined up to have their irises scanned by the device, before waiting for the 25 free Worldcoin tokens the company says verified users can claim. Worldcoin's data-collection is a "potential privacy nightmare," said the Electronic Privacy Information Center. Worldcoin's privacy policy ... says that data may be passed to subcontractors and could be accessed by governments and authorities. UK privacy campaign group Big Brother Watch said there was a risk biometric data could be hacked or exploited. "Digital ID systems increase state and corporate control over individuals' lives and rarely live up to the extraordinary benefits technocrats tend to attribute to them," senior advocacy officer Madeleine Stone said. In a mall in Bengaluru, India, orb-operators approached passers-by on Tuesday and showed them how to sign up. Most interviewed by Reuters said they were not worried about privacy.

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


The Military Origins of Facebook
2021-04-12, Unlimited Hangout
Posted: 2023-08-07 21:32:08
https://unlimitedhangout.com/2021/04/investigative-reports/the-military-origi...

While Facebook has long sought to portray itself as a "town square" that allows people from across the world to connect, a deeper look into its apparently military origins and continual military connections reveals that the world's largest social network was always intended to act as a surveillance tool to identify and target domestic dissent. LifeLog was one of several controversial post-9/11 surveillance programs pursued by the Pentagon's Defense Advanced Research Projects Agency (DARPA) that threatened to destroy privacy and civil liberties in the United States. LifeLog sought to .. build a digital record of "everything an individual says, sees, or does." In 2015, [DARPA architect Douglas] Gage told VICE that "Facebook is the real face of pseudo-LifeLog." He tellingly added, "We have ended up providing the same kind of detailed personal information without arousing the kind of opposition that LifeLog provoked." A few months into Facebook's launch, in June 2004, Facebook cofounders Mark Zuckerberg and Dustin Moskovitz [had] its first outside investor, Peter Thiel. Thiel, in coordination with the CIA, was actively trying to resurrect controversial DARPA programs. Thiel formally acquired $500,000 worth of Facebook shares and was added its board. Thiel's longstanding symbiotic relationship with Facebook cofounders extends to his company Palantir, as the data that Facebook users make public invariably winds up in Palantir's databases and helps drive the surveillance engine Palantir runs for a handful of US police departments, the military, and the intelligence community.

Note: Consider reading the full article by investigative reporter Whitney Webb to explore the scope of Facebook's military origins and the rise of mass surveillance. Read more about the relationship between the national security state and Google, Facebook, TikTok, and the entertainment industry. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and media manipulation from reliable sources.


Pentagon Profiteers: Executive Compensation In The Arms Industry
2022-12-12, Forbes
Posted: 2023-07-23 15:26:28
https://www.forbes.com/sites/williamhartung/2022/12/12/pentagon-profiteers-ex...

Funding for the Department of Defense and related work on nuclear weapons at the Department of Energy will reach more than $850 billion in Fiscal Year 2023, far higher than spending at the height of the Cold War or the peak years of the Korean and Vietnam conflicts. While advocates of spending these enormous sums often argue that the money is needed to "support the troops," more than half of the Pentagon's yearly budget goes to private contractors, many of whom are making hefty profits at taxpayer expense while producing flawed products at exorbitant prices. One telling example of how these companies waste taxpayer dollars is how much they pay their top executives. In 2021 ... the CEOs of the top five contractors received compensation ranging from $18 million to $23 million each, including James Taiclet of Lockheed Martin, $18.1 million; David Calhoun of Boeing, $21.1 million; Gregory Hayes of Raytheon, $21.8 million; Phebe Novakovic of General Dynamics, $23.5 million; and Kathy Warden of Northrop Grumman, $19.9 million. Since these firms receive a large share of their revenue from U.S. government contracts, much of this excessive executive compensation is essentially subsidized by the taxpayers. Defense executives wouldn't be able to earn multi-million dollar salaries if their companies weren't grabbing billions in Pentagon contract awards. In addition to campaign contributions, the industry spent over $100 million on lobbying in just the first three quarters of 2022.

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


World's 722 biggest companies 'making $1tn in windfall profits'
2023-07-05, The Guardian (One of the UK's Leading Newspapers)
Posted: 2023-07-23 15:22:28
https://www.theguardian.com/business/2023/jul/06/worlds-722-biggest-companies...

The world's 722 biggest companies collectively are making more than $1tn a year in windfall profits on the back of soaring energy prices and rising interest rates. The companies made $1.08tn this way in 2021 and $1.09tn last year, according to analysis of Forbes magazine data by the charities Oxfam and ActionAid. The collective profits were 89% higher than the previous four-year average covering 2017-2020. Windfall profits are defined as those exceeding average profits in the previous four years by more than 10%. Energy companies recorded the highest windfall profits. Of the 45 energy firms on Forbes list of the 2,000 biggest companies, they made on average $237bn a year in windfall profits in 2021 and 2022. Many food and beverage corporations, banks, pharmaceutical companies and retailers also reported a surge in profits during a cost-of-living crisis in which more than a quarter of a billion people in 58 countries experienced acute food insecurity in 2022. Those profits have stoked accusations of "greedflation" – pushing through excessive price increases and driving up inflation. Katy Chakrabortty, Oxfam's head of advocacy, said "A corporate bonanza is supercharging inflation, leaving millions of people in the UK and around the world struggling to pay their bills and feed their families. The windfall profits of 18 food and beverage corporations are more than twice the amount needed to cover the shortfall in life-saving assistance to tens of millions of people."

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


'Outrageous': MEPs condemn pesticide companies for withholding toxicity data
2023-07-19, The Guardian (One of the UK's Leading Newspapers)
Posted: 2023-07-23 15:20:23
https://www.theguardian.com/environment/2023/jul/19/meps-condemn-pesticide-co...

The pesticide companies Bayer and Syngenta have been excoriated in a European parliament hearing after failing to disclose studies on the brain toxicity of their products. European regulators said the companies had breached legal obligations and behaved unethically. The withholding of nine brain toxicity studies from European regulators over the last 20 years was revealed by the Guardian in June, reporting findings from Swedish academics. They discovered that these toxicity studies had been submitted to the US pesticide regulator but not to the EU authorities. Dr Axel Mie, of Stockholm University, who led the research ... told a special hearing in the European parliament on Tuesday: "If a company decides by themselves which studies to disclose and which ones to withhold, it is obvious that the decisions by the [regulatory] authorities become unreliable." He said risk management decisions had been delayed by 18 years in one case. MEPs were scathing about the companies. The Swedish MEP Emma Wiesner, a member of the European parliament's committee on the environment, public health and food safety, said: "The behaviour found in this study is really unacceptable. More than a quarter of the studies [sent to US authorities] were not sent into the European agencies – that is outrageous." Martin HÄ‚¤usling, a German MEP and member of the agriculture committee, said: "This is a right old scandal. These [are] clear breaches of existing law and previous law. And yet there are no consequences."

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


The Google employee who helped Edward Snowden in Hong Kong
2023-06-18, The Guardian (One of the UK's Leading Newspapers)
Posted: 2023-07-17 15:06:45
https://www.theguardian.com/us-news/2023/jun/18/google-employee-edward-snowde...

On the morning of 10 June 2013 ... the journalist Glenn Greenwald and film-maker Laura Poitras published on the Guardian site a video revealing the identity of the NSA whistleblower behind one of the most damning leaks in modern history. It began: "My name is Ed Snowden." William Fitzgerald, then a 27-year-old policy employee at Google, knew he wanted to help. Fitzgerald found himself waiting in the lobby of the Hong Kong W Hotel to meet Greenwald and introduce him to Robert Tibbo and Jonathan Man – the men who became Snowden's legal representatives and hid him in the homes of Tibbo's refugee clients. The Snowden files told a ... sinister story, revealing mass surveillance by the US National Security Agency (NSA). The NSA files suggested that some tech firms, including Google, Facebook and Apple, were aware. Google and other tech firms worked to distance themselves from the NSA's efforts. But over time [Google's] culture appeared to shift, reflecting the changing needs of various governments. Google stopped promoting its transparency report to the media, free expression advocates were replaced by more traditional business-focused executives, and then there was Project Maven – the controversial Department of Defense drone project that Google signed on to build artificial intelligence for. Google isn't alone in vying for government contracts – Microsoft, Amazon, IBM have all since made a play for or struck multimillion-dollar deals to build tools of surveillance for various entities including the Pentagon.

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


Meltdowns Have Brought Progressive Advocacy Groups to a Standstill at a Critical Moment in World History
2022-06-13, The Intercept
Posted: 2023-07-17 15:03:31
https://theintercept.com/2022/06/13/progressive-organizing-infighting-callout...

Planned Parenthood, NARAL Pro-Choice America, and other reproductive health organizations [have] been locked in knock-down, drag-out fights between competing factions of their organizations ... which has, more or less, effectively ceased to function. The Sierra Club, Demos, the American Civil Liberties Union, Color of Change, the Movement for Black Lives, Human Rights Campaign, Time's Up, the Sunrise Movement, and many other organizations have seen wrenching and debilitating turmoil in the past couple years. In fact, it's hard to find a Washington-based progressive organization that hasn't been in tumult, or isn't currently in tumult. This is a caricature of the left: spend more time in meetings ... fighting with each other than changing the world. It has become nearly all-consuming for some organizations, spreading beyond subcultures of the left and into major liberal institutions. "My last nine months, I was spending 90 to 95 percent of my time on internal strife," [a] former executive director said. [Activist Loretta] Ross, in an essay for the New York Times, ends with a call for grace. "I say to people today, as a survivor of COINTELPRO," she told me, referring to the FBI scheme to infiltrate and disrupt leftist movements by sowing internal dissension, "if you're more wedded to destabilizing an organization than unifying it, part of me is gonna think you're naĂŻve, and the other part of me is gonna think you're a plant. And neither one of those is going to look good on you."

Note: Watch Loretta Ross's powerful Ted Talk on simple tools to help shift our culture from fighting each other to working together in the face of polarizing social issues. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.


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