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Corporate Corruption Media Articles
Excerpts of Key Corporate Corruption Media Articles in Major Media


Below are highly revealing excerpts of important corporate corruption articles reported in the media suggesting a major cover-up. Links are provided to the full articles on major media websites. If any link fails to function, read this webpage. These corporate corruption articles are listed by article date. You can also explore the articles listed by order of importance or by date posted. By choosing to educate ourselves on these important issues and to spread the word, we can and will build a brighter future.

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


Emails show Monsanto tried to 'ghostwrite' research
2017-03-16, USA Today
http://www.usatoday.com/story/news/nation-now/2017/03/16/emails-show-monsanto...

Emails released as part of a federal lawsuit against Monsanto suggest the agriculture supplier cozied up to an EPA regulator and sought to whitewash studies to ignore potential cancer-causing effects of an herbicide found in weed-killer. NPR reports the emails show the company asked scientists to co-sign safety studies on glyphosate, an active ingredient in Roundup, after the International Agency for Research on Cancer found glyphosate may cause cancer. The emails show company representative William Heydens suggesting the company "ghost-write" a finding. He wrote, according to NPR, "we would be keeping the cost down by us doing the writing and they would just edit & sign their names so to speak." The emails ... also show EPA regulator Jess Rowland boasting in a 2015 email to Monsanto that, "If I can kill this I should get a medal," referring to a Monsanto effort to stop a government investigation into glyphosate. CBS reported another email from a Monsanto employee to an EPA director said, "I doubt EPA and Jess can kill this, but it's good to know they are going to actually make the effort." The company defended the relationship in an interview with Bloomberg. Rowland ... has left the EPA's pesticide division and is involved in about two dozen lawsuits related to the company not disclosing potential cancer-causing hazards of glyphosate.

Note: The negative health impacts of Monsanto's Roundup are well known. Major lawsuits are beginning to unfold over Monsanto's lies to regulators and the public on the dangers of glyphosate. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.


Navy's 'Fat Leonard' sex-for-secrets scandal widens, ensnares retired admiral
2017-03-15, Christian Science Monitor
http://www.csmonitor.com/USA/Military/2017/0315/Navy-s-Fat-Leonard-sex-for-se...

A retired US Navy admiral is one of six former officers arrested and charged with bribery in a recently-unsealed indictment, part of an ongoing investigation into the “Fat Leonard” scandal. Retired Navy Adm. Bruce Loveless ... stood accused of providing classified information and offering preferential business treatment to Malaysian defense contractor Leonard Glenn Francis, known as “Fat Leonard.” In exchange, the indictment charges, he and the other members of Mr. Francis’s “Wolf Pack” received a host of bribes, including meals, hotels, and encounters with prostitutes. Francis’s company, Glenn Defense Marine Asia, had long serviced Navy ships in the Pacific, cleaning, refueling, and restocking the ships. Over the course of a decade starting round 2005, Francis and his company worked to develop ties with Navy officers. These Navy officers, in turn, helped recruit others who might be willing to share classified shipping schedules and route Navy ships through ports where Francis’s company could charge fake tariffs, prosecutors allege. In 2007, an email from chief warrant officer Robert Gorsuch told Francis that these officers were developing “personality profiles” on potential recruits. The rewards for participating Navy officers for this association – which Francis admitted in 2015 cost the Navy $200 million – were substantial. The indictment enumerates the bribes received by officers between 2006 and 2012. All in all, 13 defendants have pleaded guilty so far.

Note: At one point, Frances bribed Naval officials to redirect an aircraft carrier, and avoided prosecution for years by also bribing military investigators. For more along these lines, see concise summaries of deeply revealing news articles about corruption in the military and in the corporate world.


Trump to shelve fuel mileage rules
2017-03-15, Los Angeles Times
http://www.latimes.com/politics/la-na-pol-trump-autos-20170315-story.html

President Trump directed the Environmental Protection Agency on Wednesday to shelve aggressive vehicle fuel economy targets that have been a foundation for battles against climate change and harmful pollution in California and across the country. The regulations to be reviewed ... had set ambitious targets for vehicle mileage. The decision puts the White House on a path toward a direct and costly confrontation with California. State officials, pointing to California’s unique authority under the Clean Air Act, have made clear they will not waver from requiring passenger cars to average about 54 miles per gallon by 2025, up from an average of 36 miles per gallon today. Trump’s announcement comes amid a lobbying blitz from a coalition of the world’s largest vehicle makers, which complained in a letter to the new administration that the existing EPA rules place unreasonable and expensive demands on the industry. The ultimate fate of the regulations may now be decided in a legal brawl between California and the Trump administration. The state is already moving to defend the federal regulations in court. "Any weakening or delay of the national standards will result in increased harms to our natural resources, our economy, and our people,” reads a legal filing submitted Tuesday by the state. Under the Clean Air Act, the state can impose emissions standards stronger than those set by the federal government, and a dozen other states have embraced the California rules.

Note: Many believe that fuel efficiency is determined by marketplace demand for more efficient vehicles. As this article shows, this is not the case. Congress mandates the average mpg of vehicles sold, and industry must comply. For more, see this essay.


Unsealed Documents Raise Questions on Monsanto Weed Killer
2017-03-14, New York Times
https://www.nytimes.com/2017/03/14/business/monsanto-roundup-safety-lawsuit.h...

The reputation of Roundup, whose active ingredient is the world’s most widely used weed killer, took a hit on Tuesday when a federal court unsealed documents raising questions about its safety and the research practices of its manufacturer, the chemical giant Monsanto. Monsanto’s internal emails and email traffic between the company and federal regulators ... suggested that Monsanto had ghostwritten research that was later attributed to academics and indicated that a senior official at the Environmental Protection Agency had worked to quash a review of Roundup’s main ingredient, glyphosate, that was to have been conducted by the United States Department of Health and Human Services. The files were unsealed by Judge Vince Chhabria, who is presiding over litigation brought by people who claim to have developed non-Hodgkin’s lymphoma as a result of exposure to glyphosate. The litigation was touched off by a determination made nearly two years ago by the International Agency for Research on Cancer, a branch of the World Health Organization, that glyphosate was a probable carcinogen. Court records show that Monsanto was tipped off to the determination by a deputy division director at the E.P.A., Jess Rowland, months beforehand. That led the company to prepare a public relations assault on the finding well in advance of its publication. Last year, a review by The New York Times showed how the [chemical] industry can manipulate academic research or misstate findings.

Note: The negative health impacts of Monsanto's Roundup are well known. Major lawsuits are beginning to unfold over Monsanto's lies to regulators and the public on the dangers of glyphosate. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.


2 Former Penn State Administrators Plead Guilty To Roles In Abuse Scandal
2017-03-13, NPR
http://www.npr.org/sections/thetwo-way/2017/03/13/519996345/2-former-penn-sta...

Two former high-level Penn State administrators pleaded guilty Monday to misdemeanor charges of child endangerment, for their roles in covering up child sex abuse by disgraced assistant football coach Jerry Sandusky. Former Vice President Gary Schultz and former Athletic Director Tim Curley each took a plea bargain that - if accepted by the judge - will carry a penalty of up to five years in prison and a $10,000 fine. As part of the plea bargain, the felony charges they originally faced were reduced to misdemeanors. The pleas also open the possibility they may testify against former university President Graham Spanier ... who has been charged with a conspiracy felony and a child endangerment misdemeanor. The charges against all three men pertain to how they handled the multiple allegations of sexual abuse against Sandusky, who in 2012 was convicted of sexually abusing 10 boys over a 15-year span. "Prosecutors said Spanier, Curley and Schultz knew of complaints involving Sandusky showering with boys in 1998 and 2001," The Associated Press reported in 2012. A series of 2001 emails — now key to the government's case — show that the men at least considered the situation serious enough to possibly warrant police intervention. They ultimately rejected the idea of calling authorities. "This was not an oversight," then-Pennsylvania Attorney General Linda Kelly said in 2012. "It was not misjudgment on their part. This was a conspiracy of silence by top officials to actively conceal the truth."

Note: Read more about how senior Penn State officials covered up Sandusky's crimes due to fears of bad publicity. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.


Teen says she was forced to have sex with 1,000 men over 2 years
2017-03-12, CBS News
http://www.cbsnews.com/news/philadelphia-teen-says-she-was-forced-to-have-sex...

Lawyers in Pennsylvania say their client was sexually exploited at a motel for years, alleging the teen girl was a victim of human trafficking. “This child was forced into sex slavery,” attorney Nadeem Bezar told reporters. The teen’s lawyers are using Pennsylvania’s human trafficking law to sue the motel where they say their client was sexually exploited, marking the first civil suit under the law since it was enacted in 2014. Lawyers allege employees at the Roosevelt Inn in northeast Philadelphia knew that a 14-year-old girl was being held against her will for two years. She was forced to have sex with more than 1,000 men. The girl, now 17, wants the hotel to pay for what happened to her. She’s suing the motel’s owners, the motel’s management company and the manager himself. According to the [Philadelphia] Inquirer, the girl managed to escape and reconnect with her family after two years at the motel. Those responsible for trafficking the teen were convicted and sentenced to prison. The motel is well-known to Philadelphia prosecutors as “the epicenter of human trafficking” in the city. An assistant district attorney, Erin O’Brien, told the Inquirer that [motel manager Yanga] Patel had cooperated with police in previous investigations, but said “almost every trafficking investigation we have, we see the victim is at Roosevelt Inn.” “You can’t have a line of johns out the front door and around the room waiting without them knowing,” [Attorney Tom] Kline said. “The front desk would direct the traffic to the room of this child.”

Note: Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.


Are Your Sperm in Trouble?
2017-03-11, New York Times
https://mobile.nytimes.com/2017/03/11/opinion/sunday/are-your-sperm-in-troubl...

An increasing proportion of sperm - now about 90 percent in a typical young man - are misshapen, sometimes with two heads or two tails. Even when properly shaped, today’s sperm are often pathetic swimmers. Sperm counts also appear to have dropped sharply in the last 75 years, in ways that affect our ability to reproduce. Andrea Gore, a professor of pharmacology at the University of Texas at Austin and the editor of the journal Endocrinology, put it to me this way: “Semen quality and fertility in men have decreased. Not everyone who wants to reproduce will be able to. And the costs of male disorders to quality of life, and the economic burden to society, are inestimable.” Human and animal studies suggest that a crucial culprit is a common class of chemical called endocrine disruptors, found in plastics, cosmetics, couches, pesticides and countless other products. Because of the environmental links, The New Yorker once elegantly referred to the crisis as “silent sperm,” and innumerable studies over 25 years add to the concern. Related to the problem of declining semen quality is an increase in testicular cancer in many countries; in undescended testicles; and in a congenital malformation of the penis. The crisis for male reproductive health seems to begin in utero. Male and female fetuses start pretty much the same, and then hormones drive differentiation of males from females. The problem seems to be that endocrine disrupting chemicals mimic hormones and confuse this process.

Note: Glyphosate, the main ingredient in Monsanto's RoundUp, is the most heavily used agricultural chemical in human history. Even at extremely low levels, glyphosate is a known endocrine disruptor. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.


Facebook Reports BBC to Police Over Investigation Into Child Sex Images
2017-03-09, New York Times
https://www.nytimes.com/2017/03/09/business/media/bbc-facebook-police-sex-chi...

When Angus Crawford, a journalist at the British Broadcasting Corporation, started reporting on sexualized images of children on Facebook, he knew he had to proceed with caution. Mr. Crawford ... began investigating the presence of obscene images of children on Facebook last year, [and] found that pedophiles were using secret pages to share images of children. A subsequent police investigation led to one man being imprisoned. This year, [Mr. Crawford] followed up and found that there were still images on the website that appeared to break Facebook guidelines, which state that the social media company will remove any content that promotes sexual violence or exploitation. Mr. Crawford reported the images using Facebook’s internal system, but the company took down only 18 of the 100 that he flagged. He then contacted the social network directly ... and was asked to provide examples of images that he had reported. When he provided examples ... the company reported Mr. Crawford and the BBC to the police. The company filed its report with the Child Exploitation and Online Protection Center. Facebook has said it is improving its system for reporting offensive content, but the incident has raised questions about exactly how it polices its site. Mr. Crawford ... noted an apparent contradiction between the view of Facebook’s moderation system, which determined that the photos were not in breach of the social network’s guidelines, and the company’s decision to report the BBC to the police.

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.


Sick, dying and raped in America's nursing homes
2017-02-27, CNN News
http://www.cnn.com/interactive/2017/02/health/nursing-home-sex-abuse-investig...

The unthinkable is happening at facilities throughout the country: Vulnerable seniors are being raped and sexually abused by the very people paid to care for them. It's impossible to know just how many victims are out there. But through an exclusive analysis of state and federal data and interviews with experts, regulators and the families of victims, CNN has found that this little-discussed issue is more widespread than anyone would imagine. In cases reviewed by CNN, victims and their families were failed at every stage. Nursing homes were slow to investigate and report allegations because of a reluctance to believe the accusations - or a desire to hide them. Police viewed the claims as unlikely at the outset, dismissing potential victims because of failing memories or jumbled allegations. State regulators failed to flag patterns of repeated allegations against a single caregiver. It's these systemic failures that make it especially hard for victims to get justice - and even easier for perpetrators to get away with their crimes. Using inspection reports filed between 2013 and 2016 [a CNN analysis] found that the federal government has cited more than 1,000 nursing homes for mishandling or failing to prevent alleged cases of rape, sexual assault and sexual abuse at their facilities during this period. And nearly 100 of these facilities have been cited multiple times during the same period. These numbers likely represent only a fraction of the alleged sexual abuse incidents in nursing homes nationwide.

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


Robert Mercer: the big data billionaire waging war on mainstream media
2017-02-26, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/politics/2017/feb/26/robert-mercer-breitbart-war-...

I Googled “mainstream media is…” And there it was. Google’s autocomplete suggestions: “mainstream media is… dead, dying, fake news, fake, finished”. Google’s first suggested link ... leads to a website called CNSnews.com and an article: “The Mainstream media are dead.” How had it, an obscure site I’d never heard of, dominated Google’s search algorithm on the topic? In the “About us” tab, I learn CNSnews is owned by the Media Research Center. It receives a large bulk of its funding – more than $10m in the past decade – from a single source, the hedge fund billionaire Robert Mercer. Robert Mercer is the money behind an awful lot of things. He was Trump’s single biggest donor. Since 2010, Mercer has donated $45m to different political campaigns – all Republican – and another $50m to non-profits – all rightwing, ultra-conservative. This is a billionaire who is ... trying to reshape the world according to his personal beliefs. He is reported to have a $10m stake in the [Cambridge Analytica], which was spun out of a bigger British company called SCL Group. It specialises in “election management strategies” and “messaging and information operations”, refined over 25 years. In military circles this is known as “psyops” – psychological operations. Cambridge Analytica makes the astonishing boast that it has psychological profiles based on 5,000 separate pieces of data on 220 million American voters. With this, a computer ... can predict and potentially control human behaviour. It’s incredibly dangerous.

Note: The above article provides a detailed look at how mass media is being combined with Big Data to produce powerful new forms of mind control.


China's zombie factories and unborn cities
2017-02-23, BBC News
http://www.bbc.com/future/story/20170223-chinas-zombie-factories-and-unborn-c...

Between 1984 and 2010, the amount of built-up areas in China increased nearly fivefold. To construct these new urban zones, China used more concrete in the three years between 2011 and 2013 than the whole of the United States used in the 20th Century. Yet even in the world’s second largest economy, the rate of development has overtaken demand. The shift from industries like steel production to electronics, telecommunications and biotechnology has happened very quickly. Europe and the United States underwent a similar shift over the course of several decades. China’s high-tech revolution took just a few years. [Some] factories that have been unable to survive these changes lie empty. This shifting industrial landscape has also left its mark on the cities built for the migrant workers. Large urban areas have become “ghost cities” [as] developers have gone bankrupt, leaving housing developments empty. A study by Chinese search giant Baidu identified 50 huge regions across the country where newly built residential housing was largely uninhabited. Photographer Kai Caemmerer has been documenting some of the empty cities in China for the past two years. He does not think the label “ghost town” is accurate. These places are built in anticipation of a need. In fact, an enormous relocation could soon be underway. The Chinese government has said it intends to move 100 million people from rural parts of the country into cities by 2020.

Note: The article above features many pictures of China's unique manufactured landscapes. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.


Big Pharma really, really doesn't want you to know the true value of its drugs
2017-02-17, Los Angeles Times
http://www.latimes.com/business/lazarus/la-fi-lazarus-drug-pricing-evzio-2017...

The latest poster child for cruel and inhuman drug pricing is Kaleo Pharma, maker of an emergency injector for a med called naloxone, which is used as an antidote to save the lives of people who overdose on painkillers. As America’s opioid crisis reaches epidemic levels, Kaleo has jacked up the list price for its Evzio auto-injector by 600%, soaring from $690 several years ago to $4,500, according to lawmakers. Nearly three dozen senators wrote to Kaleo’s chief executive, Spencer Williamson, last week to say they were “deeply concerned” about the price hike and to note that it “threatens to price out families and communities that depend on naloxone to save lives." But that’s not what caught my attention. Rather, I was struck by the company’s answers to me about lawmakers’ concerns. In response to emailed questions, Williamson said that although the list price for Evzio is more than $4,000, that’s “not a true net price to anyone … due to numerous discounts and rebates that are negotiated in the supply chain that make up our healthcare system.” In other words, even though the price tag for his company’s easy-to-use, lifesaving device is ridiculous and indefensible, there’s no need to worry because backroom deals by assorted players in the healthcare food chain make that price tag meaningless. And that, in a nutshell, illustrates the lunacy of the U.S. healthcare system.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and income inequality.


Flurry of State Bills Introduced, Likely Backed by Oil Industry, to Penalize Electric Car Drivers
2017-02-16, Huffington Post
http://www.huffingtonpost.com/entry/flurry-of-state-bills-introduced-likely-b...

States across the U.S. have been introducing legislation that would punish people for switching to electric vehicles. Since the start of 2017, six states (Indiana, South Carolina, Kansas, Tennessee, New Hampshire, and Montana) have introduced legislation that would require EV owners to pay a fee of up to $180 a year. Sadly, this isn’t the first time people have been penalized for driving green. Wyoming, Colorado, Virginia, Nebraska, Missouri, Washington, North Carolina, Idaho, Georgia, and Michigan have all implemented yearly fees on electric and hybrid vehicles that vary from $50 to $300 per driver per year. Arizona’s and Arkansas’ respective Department of Transportations are also suggesting legislators cast a fee for EV ownership. Georgia, formerly the state with the second most EV sales, used to offer a tax credit of up to $5,000, but replaced the program with a $200 yearly fee that led to an 80 percent drop in EV sales. This attack is coming at a time when EVs are just starting to take off within the larger auto industry. Reportedly, for more than a year, Koch Industries has spent nearly $10 million dollars, and plans to do so every year, on a campaign to boost petroleum-based transportation fuels and attack government support for electric vehicles. When oil tycoons consider a rise in EV drivers to be a threat to their wallets, you know EVs are taking off.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.


‘Shell knew’: oil giant's 1991 film warned of climate change danger
2017-02-08, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/environment/2017/feb/28/shell-knew-oil-giants-199...

The oil giant Shell issued a stark warning of the catastrophic risks of climate change more than a quarter of century ago in a prescient 1991 film that has been rediscovered. Shell’s 28-minute film, called Climate of Concern ... warned of extreme weather, floods, famines and climate refugees as fossil fuel burning warmed the world. A separate 1986 report, marked “confidential” and also seen by the Guardian, notes: “The changes may be the greatest in recorded history.” The predictions in the 1991 film for temperature and sea level rises and their impacts were remarkably accurate. Shell was one of the first major oil companies to accept the reality and dangers of climate change. But, despite this early and clear-eyed view of the risks of global warming, Shell invested many billions of dollars in highly polluting tar sand operations and on exploration in the Arctic. It also cited fracking as a “future opportunity” in 2016, despite its own 1998 data showing exploitation of unconventional oil and gas was incompatible with climate goals. Shell ... is estimated to have spent $22m in 2015 lobbying against climate policies, [and] has also been a member of industry lobby groups that have fought climate action. Another oil giant, Exxon Mobil, is under investigation ... for allegedly misleading investors about the risks climate change posed to its business. In early 2016, a group of congressmen asked the Department of Justice to also “investigate whether Shell’s actions around climate change violated federal law”.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and climate change.


U.S. Animal Abuse Records Deleted—What We Stand to Lose
2017-02-06, National Geographic
http://news.nationalgeographic.com/2017/02/wildlife-watch-usda-animal-welfare...

Two weeks into the Trump Administration, thousands of documents detailing animal welfare violations nationwide have been removed from the website of the United States Department of Agriculture (USDA), which has been posting them publicly for decades. These are the inspection records and annual reports for every commercial animal facility in the U.S. - including zoos, breeders, factory farms, and laboratories. These records have revealed many cases of abuse and mistreatment of animals, incidents that, if the reports had not been publicly posted, would likely have remained hidden. This action plunges journalists, animal welfare organizations, and the public at large into the dark about animal welfare at facilities across the country. The records document violations of the Animal Welfare Act, the federal law that regulates treatment of animals used for research and exhibition. Adam Roberts, CEO of Born Free USA, an animal advocacy nonprofit ... says the documents shed light on cruelty in “substandard roadside zoos, shameful animal circuses, puppy breeding factories and more.” From now on the documents will be accessible only via official requests made under the Freedom of Information Act (FOIA). FOIA requests can take months to process. That’s far too long, Roberts says. When Born Free receives welfare complaints from concerned citizens, he says the organization has always checked USDA records to see if any complaints had already been made involving the facility or animal in question.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.


Fukushima nuclear reactor radiation at highest level since 2011 meltdown
2017-02-03, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/environment/2017/feb/03/fukushima-daiichi-radiati...

Extremely high radiation levels have been recorded inside a damaged reactor at the Fukushima Daiichi nuclear power station, almost six years after the plant suffered a triple meltdown. Tokyo Electric Power (Tepco) said atmospheric readings as high as 530 sieverts an hour had been recorded inside the containment vessel of reactor No 2, one of three reactors that experienced a meltdown when the plant was crippled. Even if a 30-percent margin of error is taken into account, the recent reading, described by some experts as “unimaginable”, is far higher than the previous record of 73 sieverts an hour detected by sensors in 2012. A single dose of one sievert is enough to cause radiation sickness and nausea; 5 sieverts would kill half those exposed to it within a month, and a single dose of 10 sieverts would prove fatal within weeks. Quantities of melted fuel are believed to have accumulated at the bottom of the damaged reactors’ containment vessels, but dangerously high radiation has prevented engineers from accurately gauging the state of the fuel deposits. The extraordinary radiation readings highlight the scale of the task confronting thousands of workers, as pressure builds on Tepco to begin decommissioning the plant – a process that is expected to take about four decades. In December, the government said the estimated cost of decommissioning the plant and decontaminating the surrounding area ... had risen to 21.5tn yen (Ł150bn), nearly double an estimate released in 2013.

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


Trump Takes Aim At Dodd-Frank, Investor Protections Rule In Executive Action
2017-02-03, NPR
http://www.npr.org/2017/02/03/513224023/trump-to-take-aim-at-dodd-frank-inves...

Trump Takes Aim At Dodd-Frank, Investor Protections Rule In Executive Action
February 3, 2017, NPR
http://www.npr.org/2017/02/03/513224023/trump-to-take-aim-at-dodd-frank-investor...

President Trump signed two directives on Friday, ordering a review of financial industry regulations known as Dodd-Frank and halting implementation of a rule that requires financial advisers to act in the best interests of their clients, according to a senior administration official who briefed reporters on condition of anonymity. Trump himself made his intentions clear. "Dodd-Frank is a disaster," Trump said. "We're going to be doing a big number on Dodd-Frank." These executive actions are the start of a Trump administration effort to reverse or revise financial regulations put in place by the Obama administration. [One] directive will instruct the Treasury secretary to meet with the agencies that oversee the law to identify possible changes. It isn't clear yet how long the review would take, but the official says every aspect of the law will be considered. A second directive would call on the Department of Labor to defer implementation of an Obama-era rule, known as the Fiduciary Rule, requiring financial advisers to act in the best interests of their clients in retirement planning. The deadline for implementation was supposed to be April. Backers of the rule say it will prevent advisers from gouging customers by selling them inappropriate, high-fee products. This rule has been heavily lobbied. Dodd-Frank, passed in 2010, [was intended] to implement comprehensive safeguards to monitor and regulate financial institutions so their potential failures would not pose a risk to the entire economy.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.


Extreme Vetting, But Not for Banks
2017-02-03, Rolling Stone
http://www.rollingstone.com/politics/features/extreme-vetting-but-not-for-ban...

Donald Trump, the man who positioned himself as the common man's shield against Wall Street, signed a series of orders today calling for reviews or rollbacks of financial regulations. Before he ordered a review of both the Dodd-Frank Act and the fiduciary rule requiring investment advisors to act in their clients' interests, [Trump met] with leading CEOs, including JPMorgan's Jamie Dimon, Blackstone's Steve Schwarzman, and BlackRock's Larry Fink. Former Goldman honcho Gary Cohn [is] Trump's chief economic advisor. It would be hard to put together a group of people less sympathetic to the non-wealthy. The two primary disasters in American history this century ... have been 9/11 and the 2008 financial crisis, which cost 8.7 million people their jobs and may have destroyed as much as 45 percent of the world's wealth. The response to 9/11 we know: major military actions all over the world, plus a radical reshaping of our legal structure, with voters embracing warrantless surveillance, a suspension of habeas corpus, even torture. But the crisis response? Basically, we gave trillions of dollars to bail out the very actors who caused the mess. Now ... we've triumphantly put those same actors back in charge. These egomaniacal Wall Street titans want ... to get rid of the fiduciary rule, because they don't think it's anyone's business if they choose to bet against their clients (as Cohn's Goldman famously did), or overcharge them, or otherwise screw them.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.


Trump had a good idea on drug costs. He ditched it after meeting with pharma execs.
2017-02-02, Chicago Tribune
http://www.chicagotribune.com/business/ct-trump-drug-costs-20170202-story.html

It was Tuesday morning. The new president was about to go into a meeting with chief executives from Johnson & Johnson, Merck and a handful of other major pharma companies. During his campaign, he often said that if he were elected, the federal government would start negotiating with the drug companies over the prices Medicare and Medicaid had to pay for drugs -- something it's now prevented from doing by statute. Pharma companies were "getting away with murder," he said on Jan. 10. A few weeks later, he claimed that the government would save $300 billion if it could negotiate prices. "We don't do it," he said. "Why? Because of the drug companies." "We have to get prices down," he says at the beginning of the meeting with cameras rolling. "We have no choice." Then the doors were closed. When they opened again, Trump had not only abandoned his promise to use the government's bargaining power to bring down drug prices, he was now totally against it! "I'll oppose anything that makes it harder for smaller, younger companies to take the risk of bringing their product to a vibrantly competitive market," he said. "That includes price-fixing by the biggest dog in the market, Medicare, which is what's happening." He accused an agency that has no power to negotiate prices of "price-fixing." And so it was that after one meeting with pharma CEOs, Trump was turned around on his one good idea and embraced instead yet another nonsensical one.

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


Monsanto’s Mind-Meld; Spin Machine in High Gear
2017-01-31, Huffington Post
http://www.huffingtonpost.com/carey-gillam/monsantos-mind-meld-spin_b_1452869...

Corporate spin is nothing new. Whether it’s cigarettes or sugar-laden sodas, the companies that make billions from such products employ a variety of strategies to promote the good and bury the bad. But the tactics being unveiled by Monsanto and surrogates over glyphosate, the key ingredient in Monsanto’s Roundup herbicide and the lynchpin for the success of genetically engineered crops, are noteworthy for the depths of their deception. The latest move, the formation of a group called “Campaign for Accuracy in Public Health Research”, (CAPHR) clearly promotes an agenda opposite to that which its name implies. Formed this month by the American Chemistry Council, whose membership includes Monsanto and other chemical industry titans, the group’s express purpose is to discredit the International Agency for Research on Cancer (IARC), a unit of the World Health Organization. An IARC scientific team declared in March 2015 that glyphosate was a probable human carcinogen after reviewing an extensive body of published research on the subject. Monsanto and friends have been harassing IARC ever since through a series of demands, threats and legal maneuvers, including lobbying the U.S. House of Representatives to cut funding for IARC. The new campaign takes the assault further. Embedded in the industry’s truth-twisting tactics is the characterization of anyone who gives credence to scientific research showing problems with glyphosate, or the GMOs that go with it, as “anti-science.”

Note: The negative health impacts of Monsanto's Roundup are well known. Big lawsuits are building over Monsanto's lies to regulators and the public about the safety of glyphosate. For more along these lines, see concise summaries of deeply revealing news articles on GMOs and the corruption of science.


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