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.

A Journal article in 2021 cited internal [Facebook] research showing that steps to promote engagement had favored inflammatory material, with publishers and political parties reorienting their posts toward outrage and sensationalism. After the Jan. 6 Capitol riot, Facebook parent Meta Platforms Inc. said it wanted to scale back how much political content it showed users. [Chief Executive Mark] Zuckerberg and [Meta's] board chose the most drastic, instructing the company to demote posts on "sensitive" topics as much as possible ... an initiative that hasn't previously been reported. Depending on the mix of suppression features deployed, projected Facebook traffic to Fox News, MSNBC, the New York Times, Newsmax, the Atlantic and The Wall Street Journal would initially fall by as much as 40% to 60% beyond the already enacted reductions. Suppressing civic content didn't appear likely to convince users that Facebook wasn't politically toxic. According to internal research, the percentage of users who said they thought Facebook had a negative effect on politics didn't budge with the changes, staying consistently around 60% in the U.S. Ravi Iyer, a former Meta data-science manager ... said there should be more focus on the way platforms allow certain content to go viral, rather than subjective decisions about what to leave up or take down. “Having employees judge good vs. bad speech often creates more problems than it solves,” he said. “Our goal should be fewer judgment calls.”

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

The former attorney general for the Virgin Islands, who recently secured a $105 million settlement from the estate of Jeffrey Epstein, was recently fired following months of friction between her and the U.S. territory's governor over the handling of the investigation into the disgraced financier, according to people briefed on the matter. Denise N. George, the former official, was dismissed by Albert Bryan Jr., the governor of the Virgin Islands, on New Year's Eve, four days after her office sued JPMorgan Chase in federal court in Manhattan for its dealings with Mr. Epstein, who died of an apparent suicide in 2019 while in federal custody. The timing of Ms. George's firing fueled media speculation in the Virgin Islands and beyond that the suit against JPMorgan was the immediate cause. In late December, Ms. George's office sued JPMorgan in federal court in Manhattan, claiming that bank was derelict in providing banking services to Mr. Epstein during the time he was charged with sexually abusing teenage girls and young women at Little St. James and elsewhere in the U.S. The lawsuit accused JPMorgan of facilitating and concealing wire and cash transactions that should have raised suspicions that Mr. Epstein was engaging in the sexual trafficking of teen girls and young women. The lawsuit contends the bank essentially turned a "blind eye" to Mr. Epstein's conduct because it was profitable. JPMorgan, the largest U.S. bank by assets, was Mr. Epstein's primary banker from the late 1990s to 2013.

Note: For more along these lines, see concise summaries of deeply revealing news articles on banking corruption and Jeffrey Epstein's sex trafficking ring from reliable major media sources.

The government of the U.S. Virgin Islands alleges in a lawsuit filed this week that JPMorgan Chase "turned a blind eye" to evidence that disgraced financier Jeffrey Epstein used the bank to facilitate sex-trafficking activities on Little St. James, the private island he owned in the territory until his 2019 suicide. In a more than 100-page complaint filed by U.S.V.I. Attorney General Denise George in the Southern District of New York in Manhattan on Tuesday, the territory alleges that JPMorgan failed to report Epstein's suspicious activities and provided the financier with services reserved for high-wealth clients after his 2008 conviction for soliciting a minor for prostitution in Palm Beach, Fla. The complaint says the territory's Department of Justice investigation "revealed that JP Morgan knowingly, negligently, and unlawfully provided and pulled the levers through which recruiters and victims were paid and was indispensable to the operation and concealment of the Epstein trafficking enterprise." It accused the bank of ignoring evidence for "more than a decade because of Epstein's own financial footprint, and because of the deals and clients that Epstein brought and promised to bring to the bank." "These decisions were advocated and approved at the senior levels of JP Morgan," it said. The bank allegedly "facilitated and concealed wire and cash transactions that raised suspicion of – and were in fact part of – a criminal enterprise whose currency was the sexual servitude of dozens of women and girls," according to the complaint.

Note: Just days after filing the lawsuit against JP Morgan Chase, the district attorney of US Virgin Islands was fired. For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein's sex trafficking ring from reliable major media sources.

The so-called Twitter Files, released ... by the independent journalist Matt Taibbi, set off a firestorm among pundits, media ethicists and lawmakers in both parties. It also offered a window into the fractured modern landscape of news, where a story's reception is often shaped by readers' assumptions about the motivations of both reporters and subjects. Mr. Musk teased the release of internal documents that he said would reveal the story behind Twitter's 2020 decision to restrict posts linking to a report in the New York Post about Joseph R. Biden Jr.'s son, Hunter. Mr. Musk, who has accused tech companies of censorship ... pointed readers to the account of Mr. Taibbi, an iconoclast journalist. Published in the form of a lengthy Twitter thread, Mr. Taibbi's report included images of email exchanges among Twitter officials deliberating how to handle dissemination of the Post story on their platform. Skeptics of Mr. Taibbi seized on what appeared to be an orchestrated disclosure. "Imagine volunteering to do online PR work for the world's richest man on a Friday night, in service of nakedly and cynically right-wing narratives, and then pretending you're speaking truth to power," the MSNBC host Mehdi Hasan wrote in a Twitter post. Mr. Taibbi clapped back on Saturday, writing: "Looking forward to going through all the tweets complaining about ‘PR for the richest man on earth,' and seeing how many of them have run stories for anonymous sources at the FBI, CIA, the Pentagon, White House, etc."

Note: Matt Taibbi is one of the few journalists who reports it as he sees it and is willing to look far beneath the surface. We subscribe to his excellent reports as one very useful source of unraveling the jumble of news that comes our way. For more along these lines, see concise summaries of deeply revealing news articles on media manipulation from reliable sources.

In response to a 2017 request from the Pentagon, Twitter kept online a network of accounts that the U.S. military used to advance its interests in the Middle East, according to internal company emails that were made public on Tuesday by The Intercept, a nonprofit publication. A counterterrorism division at Twitter knew about the arrangement, but others did not, five people with knowledge of the matter said. The situation was unusual because Twitter normally removes and publicly discloses influence campaigns conducted by governments. The internal documents published by The Intercept were provided by Twitter under its new owner, Elon Musk. Mr. Musk has made an archive of documents available to select journalists to scrutinize the decisions of the company's previous leaders. The situation began in 2017 when an official working with U.S. Central Command requested that Twitter verify some of the military's accounts. The accounts had been flagged by a Twitter system used to automatically detect terrorist content and were not easy to find in searches. The Pentagon asked Twitter to "whitelist" the accounts, which would prevent the automatic tools from flagging them and make them more broadly visible on the platform. Twitter's counterterrorism team complied. While the company regularly disclosed other state-backed influence campaigns in transparency reports, executives ... feared they could violate national security laws by speaking publicly about the takedown of the campaign.

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

Federal regulators fined Wells Fargo a record $1.7 billion on Tuesday for "widespread mismanagement" over multiple years that harmed over 16 million consumer accounts. Wells Fargo's "illegal activity" included repeatedly misapplying loan payments, wrongfully foreclosing on homes, illegally repossessing vehicles, incorrectly assessing fees and interest and charging surprise overdraft fees. The CFPB ordered Wells Fargo to pay the $1.7 billion civil penalty in addition to more than $2 billion to compensate consumers for a range of "illegal activity." CFPB officials say this is the largest penalty imposed by the agency. The misconduct described by the CFPB echoes previously reported revelations that have emerged about Wells Fargo since 2016 when the bank's fake-accounts scandal created a national firestorm. "Wells Fargo's rinse-repeat cycle of violating the law has harmed millions of American families," Rohit Chopra, the CFPB's director, said in a statement. Chopra noted that the settlement does not provide immunity for individuals at Wells Fargo, and the agency recognizes the $3.7 billion in fines and restitution will not fix the bank's problems. Although Chopra credited Wells Fargo with making some progress, he said it's not clear "they are making rapid enough progress" and said the agency is concerned that the bank's product launches, growth initiatives and profit-boosting efforts have "delayed needed reform."

Note: In 2016, Wells Fargo was caught opening millions of fake accounts in its customers' names. For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption from reliable major media sources.

The permissible exposure limit for ortho-toluidine is 5 parts per million in air, a threshold based on research conducted in the 1940s and '50s without any consideration of the chemical's ability to cause cancer. Despite ample evidence that far lower levels can dramatically increase a person's cancer risk, the legal limit has remained the same. Paralyzed by industry lawsuits from decades ago, the Occupational Safety and Health Administration has all but given up on trying to set a truly protective threshold for ortho-toluidine and thousands of other chemicals. The agency has only updated standards for three chemicals in the past 25 years; each took more than a decade to complete. David Michaels, OSHA's director throughout the Obama administration, [said] that legal challenges had so tied his hands that he decided to put a disclaimer on the agency's website saying the government's limits were essentially useless: "OSHA recognizes that many of its permissible exposure limits (PELs) are outdated and inadequate for ensuring protection of worker health." The agency has also allowed chemical manufacturers to create their own safety data sheets, which are supposed to provide workers with the exposure limits and other critical information. OSHA does not require the sheets to be accurate or routinely fact-check them. As a result, many fail to mention the risk of cancer and other serious health hazards. Almost one-third of more than 650 sheets for dangerous chemicals contain inaccurate warnings.

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.

After ProPublica and the New Yorker published an exposé of hospice fraud, members of Congress have called on the Department of Health and Human Services to "immediately investigate this situation." The ... investigation described how the lucrative design of the Medicare benefit incentivizes many profit-seeking hospices to cut corners on care and target patients who are not actually dying. It chronicled the lack of regulation and the frustrated efforts of whistleblowers to hold end-of-life care conglomerates accountable. And it drew on state and federal data to reveal how, in the absence of oversight, the number of for-profit hospice providers in California, Texas, Arizona and Nevada has lately exploded. Hospice began more than 60 years ago as a countercultural charity movement to help patients die with comfort, support and as little pain as possible. After the 1980s, when President Ronald Reagan authorized Medicare to cover the service, dying became a big business. In 2000, less than a third of all hospices were for-profit. Today, more than 70% are. Between 2011 and 2019, the number of hospices owned by private equity firms tripled. For profit-seeking providers, hospice is lucrative: Medicare pays a fixed rate per patient a day, regardless of how much help is offered. The aggregate Medicare margins of for-profit providers hover around 20% compared with just 5% for nonprofits. For-profit hospices are more likely than their nonprofit counterparts to have less skilled staff ... and fewer home visits.

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

Six news outlets across Alabama and Florida [have] financial connections to the consulting firm Matrix LLC. The firm, based in Montgomery, Alabama, has boasted clients including Alabama Power and another major U.S. utility, Florida Power & Light. Last year, Florida Power & Light wrote a bill that was passed by the Florida Legislature and that would have gutted the ability of homeowners to make money off solar panels. One state away, Alabama Power runs and owns a coal-fired power plant that is the largest single source of carbon dioxide emissions in the United States. In Alabama and Florida, Matrix sought to ensure much coverage was secretly driven by the priorities of its clients. Payments flowed as the utilities in Florida and Alabama fought efforts to incorporate more clean energy in electric grids – a fight they are still waging. [Floodlight and NPR investigations reveal] a complex web of financial links, in which the six outlets collectively received, at minimum, $900,000 from Matrix, its clients, and associated entities between 2013 and 2020. Matrix shrewdly took advantage of the near collapse of the local newspaper industry and a concurrent plunge in trust in media in propelling its clients' interests. Matrix founder Joe Perkins has long held an interest in the power of the media. As a doctoral student at the University of Alabama, he wrote his thesis about a specific quandary: How can journalists' choice of sources and anecdotes affect public sentiment?

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

Weeks before he was murdered, Victor Hugo Orcasita presented his wife with a letter describing his last wishes. Orcasita, a union leader, had been pushing for better conditions at his workplace, a mine in northern Colombia owned by a subsidiary of the Alabama-based coal company Drummond. Then the death threats started coming in. The miners’ union was convinced that Drummond was involved in the murders. To make the case that the company was complicit in the killings, the union turned to Terry Collingsworth, a lifelong human rights attorney. In March 2015, the case took a surprising turn. Drummond had returned fire in the legal fight with an unusual accusation. The company charged that Collingsworth – an advocate who recently brought a case before the U.S. Supreme Court – had led a "multifaceted criminal campaign" to extort Drummond into paying a costly settlement. This campaign, Drummond alleged, was in fact a racketeering conspiracy as defined by the Racketeer Influenced and Corrupt Organizations Act, better known as RICO. Drummond's charges represent a scorched-earth legal strategy in which corporations are turning the tables on attorneys and advocates who accuse them of wrongdoing. By shifting the spotlight to these attorneys’ conduct, corporations effectively sidestepped the original allegations against them. The true purpose ... is to send attorneys and activists a message: Going toe-to-toe with heavyweight corporations can lead to personal ruin.

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

The Centers for Disease Control and Prevention (CDC) has been accused of bowing to drug industry pressure after releasing new guidelines that doctors say put lives at risk by rowing back on warnings about the dangers of opioid prescribing. The latest CDC guidelines have caused controversy after dropping specific limits on dosages and lengths of prescribing from a key summary of recommendations used by physicians. Dr Andrew Kolodny, president of Physicians for Responsible Opioid Prescribing, sees the drug industry's hand behind the change. Kolodny has testified against opioid makers in legal actions over their part in driving the opioid epidemic by pushing sales with false claims about their safety and effectiveness. They include Purdue Pharma, manufacturer of OxyContin, a powerful narcotic pill that kickstarted the US's opioid epidemic alongside the company's marketing strategy to see the drugs widely prescribed. Kolody said ... that the drug industry calculated how much the 2016 CDC guidelines would cost it if doctors followed the recommendations to limit prescribing of high dosage pills. "The highest dosage products have had the highest profit margin. It only costs a few extra pennies to make the higher dosage pill, but retail it's almost double what they get per pill or prescription. So the industry fought very hard to block the release of the 2016 guideline and when that failed they did everything they could to make the guidelines appear controversial. And that worked," he said.

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.

In one recent study of health care in 11 high-income countries, the nonprofit Commonwealth Fund found that 44% of Americans had out-of-pocket medical expenses that topped $1,000 in the previous year. Just 16% of Germans reported paying that much. The rates were even lower in France, at 10%, and Great Britain, where only 7% reported similar medical expenses. "Many Americans may not understand how affordable health care is for patients in other countries," said Reginald D. Williams II, who oversees international research at the Commonwealth Fund. "Medical debt is a largely U.S. phenomenon. It just doesn't happen in other countries." Germany, like the U.S., has a largely private health care system that relies on private doctors and private insurers. Like Americans, many Germans enroll in a health plan through work, splitting the cost with their employer. But Germany has long done something the U.S. does not: It strictly limits how much patients have to pay out of their own pockets for a trip to the doctor, the hospital or the pharmacy. This regulation occurs through a highly structured system in which insurers negotiate collectively with physician and hospital groups to set prices. American hospitals and other medical providers for decades have fiercely resisted limits on their prices, spending millions to fight government regulation. [Dr. Eckart] Rolshoven's patients pay nothing when they see him. That not only bolsters their health, he said. It helps maintain what Rolshoven called social peace.

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

The Biden administration took a public stand last year against the abuse of spyware to target human rights activists, dissidents and journalists: It blacklisted the most notorious maker of the hacking tools, the Israeli firm NSO Group. But the global industry for commercial spyware – which allows governments to invade mobile phones and vacuum up data – continues to boom. Even the U.S. government is using it. The Drug Enforcement Administration is secretly deploying spyware from a different Israeli firm, according to five people familiar with the agency's operations, in the first confirmed use of commercial spyware by the federal government. The most sophisticated spyware tools – like NSO's Pegasus – have "zero-click" technology, meaning they can stealthily and remotely extract everything from a target's mobile phone, without the user having to click on a malicious link to give Pegasus remote access. They can also turn the mobile phone into a tracking and secret recording device, allowing the phone to spy on its owner. But hacking tools without zero-click capability, which are considerably cheaper, also have a significant market. Commercial spyware has been used by intelligence services and police forces to hack phones used by drug networks and terrorist groups. But it has also been abused by numerous authoritarian regimes and democracies to spy on political opponents and journalists. This has led governments to a sometimes tortured rationale for their use.

Note: Read about how NSO Group spyware was used against journalists and activists by the Mexican government. For more along these lines, see concise summaries of deeply revealing news articles on the disappearance of privacy from reliable major media sources.

Google and YouTube are pouring millions into over 100 fact-checking organizations as part of a new Global Fact Check Fund aimed at stomping out misinformation online. On Tuesday, Google and YouTube announced a $13.2 million grant to the International Fact-Checking Network (IFCN) at the left-leaning nonprofit Poynter Institute. The IFCN previously labeled YouTube as one of the "major conduits" of disinformation and misinformation across the world. In an open letter, the IFCN proposed a partnership with YouTube to curb the issue. The new Global Fact Check Fund is expected to support its network of 135 fact-checking organizations across 65 countries, covering 80 languages. It is the largest grant Google and YouTube have ever shelled out regarding fact-checks. "Helping people to identify misinformation is a global challenge. The Global Fact Check Fund will help fact-checkers to scale existing operations or launch new ones that elevate information, uplift credible sources and reduce the harm of mis- and disinformation around the globe," Google said in Tuesday's press release. Google also noted that fact-checking organizations can use their new funding in a variety of ways, including new technologies, the creation or expansion of their digital footprints, new verification tools, and deeper audience engagement through audio, video or podcast formats. Since 2018, the Google News Initiative has invested nearly $75 million to "strengthen media literacy" and "combat misinformation."

Note: Freedom of expression is being greatly limited with the excuse of battling misinformation, which is often valuable, easily verifiable information the elite don't want us to know. Read this informative article to see how what is labeled as fact is many times just opinion or questionable government policy. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.

Newly released documents show an influential group that helps shape US food policy and steers consumers toward nutritional products has financial ties to the world's largest processed food companies and has been controlled by former industry employees who have worked for companies like Monsanto. The documents reveal the Academy of Nutrition and Dietetics has a record of quid pro quos with a range of food giants, owns stock in ultra-processed food companies and has received millions in contributions from producers of pop, candy, and processed foods linked to diabetes, heart disease, obesity and other health problems. The findings are a part of a recently published peer-reviewed study that examined a trove of financial documents and internal communications obtained through a Freedom of Information Act (Foia) request. "It's incredibly influential so if the Academy is corrupt then nutritional policy in the US is going to be corrupt," said Gary Ruskin ... a co-author of the study. The Academy accepted at least $15m from corporate and organizational contributors from 2011-2017, and over $4.5m in additional funding went to the Academy's foundation. Among the highest contributions came from companies such as NestlÄ‚©, PepsiCo, Hershey, Kellogg's, General Mills, Conagra, the National Dairy Council and the baby formula producer Abbott Nutrition. The Academy and its foundation also received food industry fundings via sponsorships, which are in effect quid pro quos.

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

Researchers at Meta, the parent company of Facebook, have unveiled an artificial intelligence model, named Cicero after the Roman statesman, that demonstrates skills of negotiation, trickery and forethought. More often than not, it wins at Diplomacy, a complex, ruthless strategy game where players forge alliances, craft battle plans and negotiate to conquer a stylized version of Europe. It is the latest evolution in artificial intelligence, which has experienced rapid advancements in recent years that have led to dystopian inventions, from chatbots becoming humanlike, to generated art becoming hyper-realistic, to killer drones. Cicero, released in November, was able to trick humans into thinking it was real, according to Meta, and can invite players to join alliances, craft invasion plans and negotiate peace deals when needed. Its mastery of language surprised some scientists and its creators, who thought this level of sophistication was years away. But experts said its ability to withhold information, think multiple steps ahead of opponents and outsmart human competitors sparks broader concerns. This type of technology could be used to concoct smarter scams that extort people or create more convincing deep fakes. "It is a great example of just how much we can fool other human beings," said Kentaro Toyama, a professor and artificial intelligence expert ... who read the Meta paper. "These things are super scary" and "could be used for evil."

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

Many of the world's largest asset managers and state pension funds are passively investing in companies that have allegedly engaged in the repression of Uyghur Muslims in China, according to a new report. The report, by UK-based group Hong Kong Watch and the Helena Kennedy Centre for International Justice at Sheffield Hallam University, found that three major stock indexes provided by MSCI include at least 13 companies that have allegedly used forced labour or been involved in the construction of the surveillance state in China's Xinjiang region. In recent years, China has come under increased scrutiny over what the UN has called "serious human rights violations" against Uyghur Muslims in the region, including systemic discrimination, mass arbitrary detention, torture, and sexual and gender-based violence. The report includes a list of major asset managers, including BlackRock, HSBC and Deutsche Bank among others, exposed to index funds that include companies accused of engaging in labour transfers and the construction of repressive infrastructure in the region. It found public pension funds across the UK, Canada and the US and funds in New Zealand and Japan exposed by the investments. "So many people's pensions, retirement funds and savings are invested passively because, as average consumers, we don't have time to investigate each and every investment," said Laura Murphy, one of the report's authors and professor of human rights and contemporary slavery at Sheffield Hallam University.

Note: Read an eye-opening article about the shocking human rights violations happening to the Uyghur people under the auspices of the Chinese government. For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption from reliable major media sources.

Foreign investment firms, private equity, pension funds and businesses lodged in tax havens own more than 70% of the water industry in England, according to research by the Guardian. The complex web of ownership is revealed as the public and some politicians increasingly call for the industry to be held to account for sewage dumping, leaks and water shortages. Six water companies are under investigation for potentially illegal activities as pressure grows on the industry to put more money into replacing and restoring crumbling infrastructure to protect both the environment and public health. More than three decades after the sector was sold off with a promise to the public they would become individual small shareholders or "H₂Owners", control of the water industry has become dominated by overseas investment vehicles, the super-rich, companies in tax havens and pension fund investors. The ownership structure is such that transparency and accountability are limited, according to Dr Kate Bayliss ... at Soas University of London. The Qatar Investment Authority is the third largest shareholder in Severn Trent, with a 4.6% holding, while almost 10% is held by the US investment company BlackRock and its subsidiaries. A subsidiary of the Abu Dhabi Investment Authority has a 9.9% stake in Thames Water, while 8.7% is owned by China, the analysis shows. At least 72% of the industry is controlled by firms in 17 countries, while UK firms own 10%. Ownership of 82% of the water industry was traced overall.

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.

Scandals brought down Harvey Weinstein's movie studio and major opioid supplier Mallinckrodt. But their wealthy owners, directors and executives were granted lifetime immunity from related lawsuits in bankruptcy court – an overwhelmingly common tactic in major U.S. Chapter 11 cases, a Reuters review found. Such immunity grants have become a pervasive but little-understood feature of the U.S. bankruptcy system. The releases are now granted by judges in 9 of 10 major Chapter 11 cases. The lawsuit shields, requested by the company or organization in bankruptcy, are called "nondebtor" releases because they are bestowed on people and entities that never have to declare Chapter 11 themselves. The recipients effectively get the benefits of bankruptcy protection without the associated financial or reputational damage. Reuters ... examined 29 U.S. bankruptcies that were preceded by mass tort litigation against companies or other entities, many of which included allegations involving dangerous products or sexual abuse. The review found that about 1.2 million claimants in these cases have signed away their rights to sue related parties or face pressure to approve such releases in ongoing bankruptcy-court negotiations. The 29 bankruptcies included those of 14 Catholic dioceses or religious orders and the Boy Scouts of America amid lawsuits alleging child molestation; [and] the collapse of opioid suppliers Purdue Pharma LP and Mallinckrodt plc over their alleged roles in a deadly addiction epidemic.

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

The push for a "green revolution" in Africa ... has spent $1 billion to date, much of it from the Bill & Melinda Gates Foundation. As an annual African farming summit takes place this week in Rwanda, activists, farmers and faith leaders from Seattle to Nairobi are calling on the Gates Foundation and other funders to stop supporting an effort they say has failed to deliver on promises to radically reduce hunger and increase farmer productivity. Critics say the Alliance for a Green Revolution in Africa, founded in 2006 with money from the Gates and Rockefeller foundations, has promoted an industrial model of agriculture that poisons soils with chemicals and encourages farmers to go into debt by buying expensive seeds, fertilizers and pesticides. As a result of that debt, some farmers have had to sell their land or household goods like stoves and TVs, said Celestine Otieno and Anne Maina, both active with organizations in Kenya advocating for ecologically friendly practices. "I think it's the second phase of colonization," Otieno said. A donor-funded evaluation last December ... found "AGRA did not meet its headline goal of increased incomes and food security." Peter Little, director of the global development program at Emory University, puts it another way: "I don't think it's come close to what it promised to do." The criticism ... has clearly stung. This week, AGRA is launching a rebranding that drops the term "green revolution" from the organization's name, to be known from now on by its acronym only.

Note: Read a sobering open letter to Bill Gates written by 50 food sovereignty organizations that reveals how the "Green Revolution" and genetic engineering technologies have done the opposite of reducing hunger and increasing food access. For more along these lines, see concise summaries of deeply revealing news articles on food system 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.