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.

BP's runaway Deepwater Horizon well may be spewing ...100,000 barrels a day, a member of the government panel tasked with determining the size of the spill told McClatchy [Newspapers]. "In the data I've seen, there's nothing inconsistent with BP's worst case scenario," Ira Leifer, an associate researcher at the Marine Science Institute of the University of California, Santa Barbara, and a member of the government's Flow Rate Technical Group, told McClatchy. Leifer said that based on satellite data he's examined, the rate of flow from the well has been increasing over time, especially since BP's "top kill" effort failed last month to stanch the flow. The decision last week to sever the well's damaged riser pipe from the its blowout preventer in order to install a "top hat" containment device has increased the flow still more -- far more, Leifer said, than the 20 percent that BP and the Obama administration predicted. Leifer noted that BP had estimated before the April 20 explosion that caused the leak that a freely flowing pipe from the well would release 100,000 barrels of oil a day in the worst-case scenario. The oil was not freely flowing before the top kill or before they cut the pipe, Leifer said, but once the riser pipe was cleared, there was little blocking the oil's rise to the top of the blowout preventer. Video images confirm that the flow of black oil is unimpeded.

Note: For an analysis of the series of false estimates by BP and the US government of the size of the catastrophic Deep Horizon oil blowout, click here.

BP, the very company responsible for the oil spill that is already the worst in U.S. history, has purchased several phrases on search engines such as Google and Yahoo so that the first result that shows up directs information seekers to the company's official website. A simple Google search of "oil spill" turns up several thousand news results, but the first link, highlighted at the very top of the page, is from BP. "Learn more about how BP is helping," the link's tagline reads. A spokesman for the company confirmed to ABC News that it had, in fact, bought these search terms to make information on the spill more accessible to the public. Several search engine marketing experts are questioning BP's intentions, suggesting that controlling what the public finds when they look online for oil spill information is just another way for the company to try and rebuild the company's suffering public image. Louisiana Gov. Bobby Jindal slammed BP for its PR efforts, saying in a statement, "Instead of BP shelling out $50 million on an ad campaign that promises to do good work in responding to this spill, BP should just focus on actually doing a good job and spend the $50 million on assistance to our people, our industries and our communities that are suffering as a result of this ongoing spill."

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

BP's calamitous behavior in the Gulf of Mexico is the big oil story of the moment. But for many years, indigenous people from a formerly pristine region of the Amazon rainforest in Ecuador have been trying to get relief from an American company, Texaco (which later merged with Chevron), for what has been described as the largest oil-related environmental catastrophe ever. "As horrible as the gulf spill has been, what happened in the Amazon was worse," said Jonathan Abady, a New York lawyer who is part of the legal team that is suing Chevron on behalf of the rainforest inhabitants. Texaco operated more than 300 oil wells for the better part of three decades in a vast swath of Ecuador's northern Amazon region. Texaco came barreling into this delicate ancient landscape in the early 1960s with all the subtlety and grace of an invading army. And when it left in 1992, it left behind, according to the lawsuit, widespread toxic contamination that devastated the livelihoods and traditions of the local people, and took a severe toll on their physical well-being. The quest for oil is, by its nature, colossally destructive. And the giant oil companies, when left to their own devices, will treat even the most magnificent of nature's wonders like a sewer. But the riches to be made are so vastly corrupting that governments refuse to impose the kinds of rigid oversight and safeguards that would mitigate the damage to the environment and its human and animal inhabitants.

Hitler and his henchmen victimized an entire continent and exterminated millions in his quest for a so-called Master Race. But the concept of a white, blond-haired, blue-eyed master Nordic race didn't originate with Hitler. The idea was created in the United States, and cultivated in California, decades before Hitler came to power. Eugenics would have been so much bizarre parlor talk had it not been for extensive financing by corporate philanthropies, specifically the Carnegie Institution, the Rockefeller Foundation and the Harriman railroad fortune. They were all in league with some of America's most respected scientists from such prestigious universities as Stanford, Yale, Harvard and Princeton. These academicians espoused race theory and race science, and then faked and twisted data to serve eugenics' racist aims. Stanford President David Starr Jordan originated the notion of "race and blood" in his 1902 racial epistle "Blood of a Nation," in which the university scholar declared that human qualities and conditions such as talent and poverty were passed through the blood. The Rockefeller Foundation helped found the German eugenics program and even funded the program that Josef Mengele worked in before he went to Auschwitz.

Note: Josef Mengele's US-funded eugenics research laid the foundation for his experimentation on human subjects before and during World War II. He went on to participate in CIA-funded mind-control experimentation after that war. For more on Mengele, click here.

Despite the global financial crisis, world military spending almost doubled in the past decade to reach $1.53 trillion in 2009, a Swedish think-tank said Wednesday. In its 2010 yearbook, the Stockholm International Peace Research Institute, or SIPRI, said that spending between 2008 and 2009 grew 5.9 percent. The United States remains the biggest spender, accounting for some 54 percent of the increase, the report said. China, which became the second biggest military spender in 2008, retained that position last year. Data also showed that Asia and Oceania are increasing their military expenditures the fastest. The global financial turmoil had little effect on governments upgrading their armed forces, even in countries whose economies were hit the hardest, SIPRI spokesman Sam Perlo-Freeman said. Perlo-Freeman, who heads the think-tank's military-expenditure project [commented] "For major or intermediate powers ďż˝ such as the USA, China, Russia, India and Brazil ďż˝ military spending represents a long-term strategic choice, which they are willing to make even in hard economic times."

Note: Very few major media picked up this eye-opening article. With all of the threatened budget cuts around the world, why is no one talking about the fact that military spending has literally doubled in the last 10 years? Could it be that those who own the media don't want you to know this information? For a powerful essay by a top US general revealing the deeper causes of war and military spending, click here.

Prolonged exposure to crude oil and chemical dispersants is a public health danger, environmental scientists warned [on May 27]. With no immediate end in sight, there were growing concerns over the effects on public health of a prolonged exposure to the oil as well as to the more than 3,640,000 litres (800,000 gallons) of chemical dispersants sprayed on the slick. Environmentalists and fishing groups in Louisiana say prolonged exposure to the oil, in the form of tiny airborne particles as well as dispersants, could be wreaking devastating damage on public health. They also accuse BP of threatening to sack workers who try to turn up for clean-up duty wearing protective respirators, and the Obama administration of refusing to release results of air and water quality tests that would show the impact of crude oil and dispersants on the environment. Wilma Subra, a chemist who has served as a consultant to the Environmental Protection Agency, said "Every time the wind blows from the south-east to the shore, people are being made sick. It causes severe headaches, nausea, respiratory problems, burning eyes and sore throats." Long-term health effects include neurological disorders and cancer. Subra said there was even greater concern for those recruited to lay booms and skim crude off the water, since they were in closer proximity to the oil and the chemical dispersants. Clint Guidry, of the Louisiana Shrimp Association, has accused BP of threatening to sack workers who turn up wearing respirators.

Note: For revealing reports from major media sources on government and corporate corruption and collusion, click here and here.

Images and reports of oil-drenched wildlife that's dead or slowly dying are starting to emerge. At least one cleanup worker alleges that BP is trying to keep such disturbing pictures out of the public eye. CBS News has gut-wrenching video of oil-covered birds in distress, including the brown pelican, Louisiana's state bird, which for many years was on the Endangered Species List. An unidentified cleanup worker took a New York Daily News reporter on a clandestine tour of the hidden wildlife carnage in Louisiana, accusing the BP of keeping the media at bay. "There is a lot of coverup for BP. They specifically informed us that they don't want these pictures of the dead animals. They know the ocean will wipe away most of the evidence. It's important to me that people know the truth about what's going on here," the contractor said. "The things I've seen: They just aren't right. All the life out here is just full of oil. When you see some of the things I've seen, it would make you sick," the contractor said. "No living creature should endure that kind of suffering." More oil-soaked birds arrived at cleaning stations today, as Louisiana officials continued to patrol the marshes and beaches.

Note: For revealing reports from major media sources on government and corporate corruption and collusion, click here and here.

The Deepwater Horizon disaster caused headlines around the world, yet the people who live in the Niger delta have had to live with environmental catastrophes for decades. In fact, more oil is spilled from the delta's network of terminals, pipes, pumping stations and oil platforms every year than has been lost in the Gulf of Mexico, the site of a ... disaster which ... has made headlines round the world. By contrast, little information has emerged about the damage inflicted on the Niger delta. Yet the destruction there provides us with a far more accurate picture of the price we have to pay for drilling oil today. With 606 oilfields, the Niger delta supplies 40% of all the crude the United States imports and is the world capital of oil pollution. Life expectancy in its rural communities, half of which have no access to clean water, has fallen to little more than 40 years over the past two generations. Locals blame the oil that pollutes their land and can scarcely believe the contrast with the steps taken by BP and the US government to try to stop the Gulf oil leak and to protect the Louisiana shoreline from pollution. "If this Gulf accident had happened in Nigeria, neither the government nor the company would have paid much attention," said the writer Ben Ikari, a member of the Ogoni people. "This kind of spill happens all the time in the delta."

Note: For revealing reports from major media sources on government and corporate corruption and collusion, click here and here.

Scientists who drew up the key World Health Organisation guidelines advising governments to stockpile drugs in the event of a flu pandemic had previously been paid by drug companies which stood to profit. An investigation by the British Medical Journal and the Bureau of Investigative Journalism, the not-for-profit reporting unit, shows that WHO guidance issued in 2004 was authored by three scientists who had previously received payment for other work from Roche, which makes Tamiflu, and GlaxoSmithKline (GSK), manufacturer of Relenza. Pharmaceutical companies banked more than $7bn (�4.8bn) as governments stockpiled drugs. "The tentacles of drug company influence are in all levels in the decision-making process," said Paul Flynn, the Labour MP who sits on the council's health committee. Although the experts consulted made no secret of industry ties in other settings, declaring them in research papers and at universities, the WHO itself did not publicly disclose any of these in its seminal 2004 guidance.

Note: For wide coverage from reliable sourcesof the swine and avian flu "fake pandemics" designed for corporate profit, click here.

European criticism of the World Health Organization's handling of the H1N1 pandemic intensified ... with the release of two reports that accused the agency of exaggerating the threat posed by the virus and failing to disclose possible influence by the pharmaceutical industry on its recommendations for how countries should respond. The WHO's response caused widespread, unnecessary fear and prompted countries around the world to waste millions of dollars. At the same time, the Geneva-based arm of the United Nations relied on advice from experts with ties to drug makers in developing the guidelines it used to encourage countries to stockpile millions of doses of antiviral medications. The first report ... came from the Social, Health and Family Affairs Committee of the Parliamentary Assembly of the Council of Europe, which launched an investigation in response to allegations that the WHO's response to the pandemic was influenced by drug companies that make antiviral drugs and vaccines. The second report, a joint investigation by the [British Medical Journal] and the Bureau of Investigative Journalism ... criticized 2004 guidelines the WHO developed based in part on the advice of three experts who received consulting fees from the two leading manufacturers of antiviral drugs used against the virus, Roche and GlaxoSmithKline.

Note: Explore extensive, eye-opening coverage from reliable sources revealing how the swine and avian flu "pandemics" were designed for corporate profit.

The thing about the Bilderberg group’s top secret meetings: you never know quite what is going on behind the police checkpoints. Across the world, secretaries to the rich and the powerful have blocked out the next three days in their bosses’ calendars for their annual gathering, this time at the Dolce in Sitges, one of Spain’s most exclusive resorts. Normally, every minute of their working lives is accounted for but, each year, a couple of hundred of the world’s financial elite and the more business-friendly members of the political class disappear from view. It is all terribly confidential — breathe a word about it and you’re out of the club — but the Bilderberg watcher Daniel Estulin claims to have a copy of the agenda. The big question this time around is whether the euro will survive. “They are afraid that the countries in trouble will leave and the euro will fall apart,” said Mr Estulin. The Bilderbergers are nervous that the erosion of the euro could nudge the world back into recession while public services cuts could trigger unrest and radicalise the political climate.

Note: For more information from reliable sources on Bilderberg, click here. For lots more on powerful secret societies that make decisions in total secrecy that affect the whole world, click here.

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

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

As BP makes its latest attempt to plug its gushing oil well, news photographers are complaining that their efforts to document the slow-motion disaster in the Gulf of Mexico are being thwarted by local and federal officials — working with BP — who are blocking access to the sites where the effects of the spill are most visible. More than a month into the disaster, a host of anecdotal evidence is emerging from reporters, photographers, and TV crews in which BP and Coast Guard officials explicitly target members of the media, restricting and denying them access to oil-covered beaches, staging areas for clean-up efforts, and even flyovers. Last week, a CBS TV crew was threatened with arrest when attempting to film an oil-covered beach. On Monday, Mother Jones published this firsthand account of one reporter’s repeated attempts to gain access to clean-up operations on oil-soaked beaches, and the telling response of local law enforcement.

Note: To see some of the devastating photos from this tragic spill, click here. For an abundance of revealing articles from major media sources on government and corporate collusion and corruption, click here and here.

Employees of the federal agency that regulates offshore drilling accepted lunches, football tickets, hunting trips and other gifts from the oil and gas companies they were in charge of policing, according to a report [on May 25] by the Interior Department's inspector general. The investigation, which zeroed in on the Lake Charles, La., office of the embattled Minerals Management Service, also found that at least one agency inspector also was actively negotiating employment with an oil and gas production company while simultaneously inspecting its platforms in the Gulf of Mexico. The oil spill in the gulf has focused intense scrutiny on the agency's oversight of offshore drilling and raised questions about whether it was lax in setting requirements for key safety devices and practices. But even before the spill, the agency had been singled out for ethical lapses and mismanagement. In 2008, the Interior Department's inspector general rapped workers in MMS' Lakewood, Colo., office for having sexual relationships with and accepting gifts from energy company representatives. Over a decade, there have been ten inspector general reports and nine from the Government Accountability Office that documented "failures within MMS," [Rep. Darrell Issa] said, "and yet it still took a massive catastrophe to get anyone to ... agree on the need for a massive bureaucratic overhaul."

Note: For an abundance of revealing articles from major media sources on government and corporate collusion and corruption, click here and here.

The federal agency responsible for regulating U.S. offshore oil drilling repeatedly ignored warnings from government scientists about environmental risks in its push to approve energy exploration activities quickly, according to numerous documents and interviews. Minerals Management Service officials, who can receive cash bonuses in the thousands of dollars based in large part on meeting federal deadlines for leasing offshore oil and gas exploration, frequently changed documents and bypassed legal requirements aimed at protecting the marine environment, the documents show. This has dramatically weakened the scientific checks on offshore drilling that were established under landmark laws such as the Marine Mammal Protection Act and the National Environmental Policy Act. Interviews and documents show numerous examples in which senior officials discounted scientific data and advice -- even from scientists elsewhere in the federal government -- that would have impeded oil and gas companies drilling offshore.

Note: For an abundance of revealing articles from major media sources on government and corporate collusion and corruption, click here and here.

The gusher unleashed in the Gulf of Mexico continues to spew crude oil. There are no reliable estimates of how much oil is pouring into the gulf. But it comes to many millions of gallons since the catastrophic blowout. Mike Williams, one of the last crewmembers to escape the inferno ... says the destruction of the Deepwater Horizon [oil rig] had been building for weeks in a series of mishaps. The tension in every drilling operation is between doing things safely and doing them fast; time is money and this job was costing BP a million dollars a day. But Williams says there was trouble from the start - getting to the oil was taking too long. Williams said they were told it would take 21 days; according to him, it actually took six weeks. With the schedule slipping, Williams says a BP manager ordered a faster pace. Williams says there was an accident on the rig that has not been reported before. He says, four weeks before the explosion, the rig's most vital piece of safety equipment was damaged ... the blowout preventer, or BOP. The spill has cost BP about $500 million so far. But consider, in just the first three months this year, BP made profits of $6 billion. There are plenty of accusations to go around that BP pressed for speed, Halliburton's cement plugs failed, and Transocean damaged the blowout preventer. Through all the red flags, they pressed ahead.

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

BP's estimate that only 5,000 barrels of oil are leaking daily from a well in the Gulf of Mexico, which the Obama administration hasn't disputed, could save the company millions of dollars in damages when the financial impact of the spill is resolved in court, legal experts say. Neither BP nor the federal government has tried to measure at the source the amount of crude pouring into the water. BP and the Obama administration have said they don't want to take the measurements for fear of interfering with efforts to stop the leaks. The amount of oil spilled is certain to be key evidence in the court battles that are likely to result from the disaster. The size of the Exxon Valdez spill in Alaska, for example, was a significant factor that the jury considered when it assessed damages against Exxon. "If they put off measuring, then it's going to be a battle of dueling experts after the fact trying to extrapolate how much spilled after it has all sunk or has been carried away," said Lloyd Benton Miller, one of the lead plaintiffs' lawyers in the Exxon Valdez spill litigation. "The ability to measure how much oil was released will be impossible."

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

BP, the company in charge of the rig that exploded last month in the Gulf of Mexico, hasn't publicly divulged the results of tests on the extent of workers' exposure to evaporating oil or from the burning of crude over the gulf, even though researchers say those data are crucial in determining whether the conditions are safe. Moreover, the company isn't monitoring the extent of the spill and only reluctantly released videos of the spill site that could give scientists a clue to the amount of the oil in the gulf. BP's role as the primary source of information has raised questions about whether the government should intervene to gather such data and to publicize them and whether an adequate cleanup can be accomplished without the details of crude oil spreading across the gulf. The company also hasn't publicly released air sampling for oil spill workers although Occupational Safety and Health Administration, the agency in charge of monitoring compliance with worker safety regulations, is relying on the information and has urged it to do so.

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

The owner of the oil rig that exploded in the Gulf of Mexico, killing 11 people and causing a giant slick, has made a $270 million profit from insurance payouts for the disaster. The revelation by Transocean, the world’s biggest offshore driller, will add to the political storm over the disaster. The company was hired by BP to drill the well. The “accounting gain” arose because the $560 million insurance policy Transocean took out on its Deepwater Horizon rig was greater than the value of the rig itself. Transocean has already received a cash payment of $401 million with the rest due in the next few weeks. The windfall, revealed in a conference call with analysts, will more than cover the $200 million that Transocean expects to pay to survivors and their families and for higher insurance costs. The total cost of the clean-up and compensation could reach $30 billion, according to some estimates. Transocean said that virtually all of that must be covered by BP and two smaller partners, Anadarko Petroleum and Mitsui of Japan.

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

The United States must curb consumption and credit and boost production and savings, but its citizens and leaders so far lack the will to change, economist Paul Volcker said. Volcker, 82, an adviser to the Obama administration, ... said the United States spiraled toward the Great Recession through an excess of debt that subsidized an appetite for consumer goods, many of them imported. The chief bugaboo, in Volcker's view, was a runaway financial sector that ... became a factory to make money by manipulating money. He said under-regulated financiers made big profits and bonuses by swapping derivatives and other exotic instruments that produced few of the widespread benefits - like better jobs and wages - that normally flow from investment. Now that this financial house of cards has collapsed, Volcker said, U.S. and world leaders must figure out how to stop powerful mega-banks and hedge funds from engaging in the same shenanigans that forced taxpayers to bail them out to prevent further catastrophe. "The central issue with which we have been grappling is the doctrine of 'too big to fail,' " Volcker said, alluding to how the United States bailed out institutions like insurer AIG to prevent their collapse from further damaging the economy.

Note: For a great collection of reports from major media sources on the hidden realities of the Wall Street crisis and the government bailout of big finance, click here.

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.