Corporate Corruption Media ArticlesExcerpts of Key Corporate Corruption Media Articles in Major Media
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.
U.S. authorities are investigating major banks over potential manipulation of the precious metals market, the latest development in a series of probes related to major financial benchmarks. HSBC is among at least 10 major banks being investigated by U.S. authorities for possible rigging of the price-setting process for gold, silver, platinum and palladium, The Wall Street Journal reported late Monday. The report said other banks being scrutinized include: Goldman Sachs; JPMorgan Chase; Britain-based Barclays; Swiss banking giants UBS and Credit Suisse; Bank of Nova Scotia; Germany-based Deutsche Bank; France-based Société Générale; and South Africa-based Standard Bank Group. U.S. authorities declined to comment. Goldman Sachs, HSBC, Deutsche Bank and Barclays, HSBC, UBS and Bank of Nova Scotia have been named as defendants in various putative class-action lawsuits in U.S. federal courts over suspected manipulation of precious metals pricing. The complaints contend that bank traders conspired to manipulate the price of metal derivatives in a bid to reap profits on proprietary trades. The new U.S. investigations follow separate bank probes launched earlier over suspected manipulation of the $5.3-billion-a-day foreign exchange currency trading market, along with rigging of the London Interbank Offered Rate (Libor), which is used to set rates on billions of dollars in loans, credit cards and mortgages.
Note: When it comes to international banking, it appears that almost everything is rigged. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.
Syngenta, a Swiss chemicals company, produces one of America’s most popular herbicides. It is called atrazine, and 73.7 million pounds of the chemical compound were applied in the United States in 2013. It was used on more than half of all corn crops, two-thirds of sorghum and up to 90 percent of sugar cane. The weed killer is banned as a pesticide in the European Union as well as in Switzerland over concerns that it is a groundwater contaminant. Syngenta, however, did not get the memo. Even though the European Union banned atrazine over a decade ago, the company has long insisted that the pesticide was not banned. Sensitivity over regulatory gaps between the United States and Europe has flared during trans-Atlantic trade talks, which have been underway since 2013. An increasing number of critics of the process are concerned that the outcome could favor corporations more than consumers. Advocacy groups have particularly focused on chemicals, given the disparities in policy. Baskut O. Tuncak, a senior lawyer at the Center for International Environmental Law, said that in his view the chemical proposals that have surfaced so far “reflect a lot of industry’s demands and their concerns with more protective E.U. policies.” He added that proposed changes could “slow or stop and possibly weaken efforts to develop stronger chemical regulation in either the E.U. or the U.S.”
Note: Syngenta did everything in its power to discredit atrazine researcher Tyrone Hayes after Hayes published science proving that Syngenta's products were poisonous. The New Yorker published a detailed article on Syngenta's smear campaign. For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption from reliable major media sources.
For years, politicians wanting to block legislation on climate change have bolstered their arguments by pointing to the work of a handful of scientists who claim that greenhouse gasses pose little risk to humanity. One of the names they invoke most often is Wei-Hock Soon, known as Willie, a scientist at the Harvard-Smithsonian Center for Astrophysics. He has often appeared on conservative news programs, testified before Congress and in state capitals, and starred at conferences of people who deny the risks of global warming. But newly released documents show the extent to which Dr. Soon’s work has been tied to funding he received from corporate interests. He has accepted more than $1.2 million in money from the fossil-fuel industry over the last decade while failing to disclose that conflict of interest in most of his scientific papers. At least 11 papers he has published since 2008 omitted such a disclosure, and in at least eight of those cases, he appears to have violated ethical guidelines of the journals that published his work. The documents show that Dr. Soon, in correspondence with his corporate funders, described many of his scientific papers as “deliverables” that he completed in exchange for their money. He used the same term to describe testimony he prepared for Congress. Dr. Soon has found a warm welcome among politicians in Washington and state capitals who try to block climate action. United States Senator James M. Inhofe, an Oklahoma Republican who claims that climate change is a global scientific hoax, has repeatedly cited Dr. Soon’s work over the years.
Note: One of Dr Soon's primary funding sources is Donors Trust, a secretive organization found to have orchestrated a vast climate denial conspiracy. For more along these lines, see concise summaries of deeply revealing science corruption news articles from reliable major media sources.
A senior writer at the Daily Telegraph has dramatically quit the newspaper after accusing its owners, the Barclay Brothers, of suppressing reports about the HSBC scandal out of fear of losing advertising revenue. Peter Oborne, the paper’s chief political commentator and an award-winning author, announced his resignation [and] accused the Telegraph of committing a “fraud” on readers. Mr Oborne detailed a series of investigations about HSBC, and other financial scandals, which he said executives at the newspaper had closed down. Mr Oborne wrote: “From the start of 2013 onwards stories critical of HSBC were discouraged [because] HSBC [had] suspended its advertising with the Telegraph. “Its account ... was extremely valuable. HSBC, as one former Telegraph executive told me, is ‘the advertiser you literally cannot afford to offend’. “Winning back the HSBC advertising account became an urgent priority. It was eventually restored after approximately 12 months. Executives say that Murdoch MacLennan [chief executive of Telegraph Media Group] was determined not to allow any criticism of the international bank.” As a result of a 2012 investigation into accounts held by HSBC in Jersey, he claimed: “Reporters were ordered to destroy all emails, reports and documents related to the HSBC investigation. I [resigned] as a matter of conscience. The past few years have seen the rise of shadowy executives who determine what truths can and what truths can’t be conveyed across the mainstream media."
Note: Oborne's online resignation provides a unique window into some of the ways that big money is used to manipulate the media. Read lots more on HSBC's empire of corruption in a Rolling Stone article by Matt Taibbi. HSBC was founded to service the international drug trade in the 19th century, and launders money for mobsters and terrorists on a massive scale.
One man's story in particular highlights just about everything that can go wrong when you give evidence against your bosses in America: former Countrywide/Bank of America whistleblower Michael Winston. Two years ago this month, Winston was being celebrated in the news as a hero. He'd blown the whistle on Countrywide Financial, the bent mortgage lender that ... nearly blew up the global economy. Today, Winston [has] spent over a million dollars fighting Countrywide (and the firm that acquired it, Bank of America) in court. At first, that fight proved a good gamble, as a jury granted him a multi-million-dollar award for retaliation and wrongful termination. But after Winston won that case, an appellate judge not only wiped out that jury verdict, but allowed Bank of America to counterattack him. The bank eventually beat him for nearly $98,000 in court costs. That single transaction means a good guy in the crisis drama, Winston, had by the end of 2014 paid a larger individual penalty than virtually every wrongdoer connected with the financial collapse of 2008. When Winston protested his preposterous punishment on the grounds that a trillion-dollar company recouping legal fees from an unemployed whistleblower was unreasonable and unnecessary, a California Superior Court judge denied his argument — get this — on the grounds that Winston failed to prove a disparity in resources between himself and Bank of America! Four years later, we're still waiting for the first criminal conviction against any individual for crisis-era corruption. There's been no significant reform. What we've seen instead is a series of cash deals with the most corrupt companies.
Note: Countrywide bought political influence to more effectively defraud institutional investors and taxpayers. Thanks to Winston, they were caught and proven guilty. But Bank of America purchased Countrywide, and has been paying off officials in secret deals to continue skirting the law without admitting wrongdoing. And Michael Winston now has to pay Bank of America for their trouble.
A scandal implicating HSBC in alleged tax evasion widened further Wednesday, as Swiss prosecutors raided the Geneva headquarters of its private bank in Switzerland. The raid, in connection with an investigation into ‘aggravated money-laundering’, marks the latest twist in a saga that dates back 10 years. Materials leaked to the International Consortium of Investigative Journalists ... indicated that HSBC aggressively marketed schemes suitable for tax evasion to rich clients across the world. The materials come from a stash of files stolen from HSBC by Hervé Falciani, a former employee and whistleblower. Falciani was indicted in Switzerland in December for industrial espionage and for breaking the law on banking secrecy. Falciani’s files have already led to criminal investigations in France, Belgium and Argentina. The Swiss authorities’ action Wednesday, however, is the first to suggest that they regard tax evasion itself as a bigger crime than exposing it. [HSBC has also recently] been found guilty of manipulating benchmark interest and foreign exchange rates, [and] desperately needs to be able to prove that it has not aided or abetted tax evasion or money-laundering since December 2012. That was when it signed a deferred prosecution agreement with the U.S. after admitting to helping Iran get round sanctions and laundering the profits of Mexican drug trafficking gangs. Any evidence that it has broken that DPA could lead to it losing its all-important license to bank in the U.S., destroying its status as a global bank overnight.
Note: Read lots more on HSBC's sweetheart deal with U.S. officials in a Rolling Stone article by Matt Taibbi. US Senator Elizabeth Warren is working hard to bring justice in this case. For more along these lines, see concise summaries of deeply revealing news articles about systemic corruption in government and the financial industry.
Iceland's government appointed a special prosecutor to investigate its bankers after the world's financial systems were rocked by the discovery of huge debts and widespread poor corporate governance. "This ... sends a strong message that will wake up discussion," special prosecutor Olafur Hauksson told Reuters. "It shows that these financial cases may be hard, but they can also produce results." The country's efforts contrast with the United States and particularly Europe, where though some banks have been fined, few executives have been tried and voters suffering post-crisis austerity conditions feel bankers got off lightly. Iceland struggled initially to appoint a special prosecutor. Hauksson ... was encouraged to put in for the job after the initial advertisement drew no applications. Icelandic lower courts have convicted the chief executives of all three of its largest banks for their responsibility in [the] crisis. They also convicted former chief executives of two other major banks, Glitnir and Landsbanki, for charges ranging from fraud and market manipulation. Many Icelanders have been frustrated that justice has been slow. The prosecutors' office has been hit by budget cuts since it was set up. But Hauksson believes the existing rulings mean there is less chance of similar scandals in the future. "There is some indication that the banks are more cautious," he said. Asked whether he would take the job again ... Hauksson replied, laughing: "Yes. And I'd probably be the only applicant again."
Note: For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.
HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a huge cache of leaked secret bank account files. HSBC was headed during the period covered in the files by Stephen Green – now Lord Green – who served as the global bank’s chief executive, then group chairman until 2010 when he left to become a trade minister in the House of Lords for David Cameron’s new government. The files show how HSBC in Switzerland keenly marketed tax avoidance strategies to its wealthy clients. The bank proactively contacted clients in 2005 to suggest ways to avoid a new tax levied on the Swiss savings accounts of EU citizens, a measure brought in through a treaty between Switzerland and the EU to tackle secret offshore accounts. The documents also show HSBC’s Swiss subsidiary providing banking services to relatives of dictators, people implicated in African corruption scandals, arms industry figures and others. HSBC is already facing criminal investigations and charges in France, Belgium, the US and Argentina as a result of the leak of the files, but no legal action has been taken against it in Britain.
Note: Read lots more excellent information in a Rolling Stone article by Matt Taibbi. US Senator Elizabeth Warren is working hard to bring justice in this case. HSBC was founded to service the international drug trade following the 19th century opium war, and continues to launder money for drug cartels and terrorists on a massive scale. Now we learn that HSBC also provides financial services related to conflict diamonds, weapons trafficking, political corruption, and other organized criminal activities. Perhaps these criminal bankers are tolerated because the global economy might collapse without their cash.
Behind the dark glass towers of the Time Warner Center ... a majority of owners have taken steps to keep their identities hidden, registering condos in trusts, limited liability companies or other entities that shield their names. By piercing the secrecy of more than 200 shell companies, The New York Times documented a decade of ownership in this iconic Manhattan way station for global money, [and] found a growing proportion of wealthy foreigners, at least 16 of whom have been the subject of government inquiries around the world. The cases range from housing and environmental violations to financial fraud. Four owners have been arrested, and another four have been the subject of fines or penalties for illegal activities. They have been able to make these multimillion-dollar [real estate] purchases with few questions asked because of United States laws that foster the movement of largely untraceable money through shell companies. Vast sums are flowing unchecked around the world as never before — whether motivated by corruption, tax avoidance or investment strategy, and enabled by an ever-more-borderless economy and a proliferation of ways to move and hide assets. The high-end real estate market has become less and less transparent — and more alluring for those abroad with assets they wish to keep anonymous — even as the United States pushes other nations to help stanch the flow of American money leaving the country to avoid taxes.
Note: The New York Times investigation at the above link provides a comprehensive look at the international crime and political corruption at the heart of Manhattan's spiking real estate prices.
The trade rules of the proposed Trans-Pacific Partnership ... would cover nearly 40 percent of the world economy. Access to the text of the proposed deal is highly restricted. At last month’s World Economic Forum in Switzerland, U.S. Trade Representative Michael Froman defended the ... refusal to release the full text of the proposed trade pact. “It is incomprehensible to me that leaders of major corporate interests who stand to gain enormous financial benefits from this agreement are actively involved in the writing of the TPP, while at the same time, the elected officials of this country, representing the American people, have little or no knowledge of what’s in it,” wrote Sen. Bernie Sanders, independent-Vt., in a letter to Froman last month. Congressional lawmakers are permitted to view the text of the agreement only in the U.S. trade representative’s office, without their own staff members or experts present. They are not allowed to take copies of the agreement back to Capitol Hill for deeper, independent evaluation. Despite those restrictions, specific details of the agreement’s text have surfaced from unauthorized leaks. One of the leaks showed the U.S. proposing to empower corporations to attempt to overturn domestic regulations, while ... another leaked provision would help the pharmaceutical industry inflate the price of medicines.
Note: For more, watch an excellent, two-minute video by former U.S. Secretary of Labor Robert Reich on the TPP titled "The Worst Trade Deal You've Never Heard of," or read leaked draft texts of the Trans-Pacific Partnership for yourself.
As many as 31 pesticides with a value running into billions of pounds could have been banned because of potential health risks, if a blocked EU paper on hormone-mimicking chemicals had been acted upon. The science paper, seen by the Guardian, recommends ways of identifying and categorising the endocrine-disrupting chemicals (EDCs) that scientists link to a rise in foetal abnormalities, genital mutations, infertility, and adverse health effects ranging from cancer to IQ loss. Commission sources say that the paper was buried by top EU officials under pressure from big chemical firms which use EDCs in toiletries, plastics and cosmetics, despite an annual health cost that studies peg at hundreds of millions of euros. The unpublished EU paper ... was supposed to have enabled EU bans of hazardous substances to take place last year. Under pressure from major chemical industry players, such as Bayer and BASF, the criteria were blocked. In their place, less stringent options emerged. Last month, 11 MEPs complained in a cross-party letter to the health and food safety commissioner, Vytenis Andriukaitis, about the EU’s failure to honour its mandate and adopt the EDC criteria. This was supposed to have happened by the end of 2013. In place of the proposed identification of hormone-mimicking compounds, the EU’s current roadmap favours industry-supported options for potency-based measurements of EDCs. These would set thresholds, below which exposure to low-potency EDCs would be deemed safe.
Note: One key study estimates that as few as zero endocrine-disrupting pesticides will be withdrawn from the EU market as a result of this profit-driven manipulation of policy. For more along these lines, see concise summaries of deeply revealing articles about corporate and government corruption from reliable major media sources.
A secretive group met behind closed doors in New York this week. What they decided may lead to higher drug prices for you and hundreds of millions around the world. Representatives from the United States and 11 other Pacific Rim countries convened to decide the future of their trade relations in the so-called Trans-Pacific Partnership (T.P.P.). Powerful companies appear to have been given influence over the proceedings, even as full access is withheld from many government officials from the partnership countries. Among the topics negotiators have considered are some of the most contentious T.P.P. provisions — those relating to intellectual property rights. These rules could help big pharmaceutical companies maintain or increase their monopoly profits on brand-name drugs [and] block cheaper generic drugs from the market. Big Pharma’s profits would rise, at the expense of the health of patients and the budgets of consumers and governments. Of course, pharmaceutical companies claim they need to charge high prices to fund their research and development. This just isn’t so. For one thing, drug companies spend more on marketing and advertising than on new ideas. Overly restrictive intellectual property rights actually slow new discoveries. As it is, most of the important innovations come out of our universities and research centers, like the National Institutes of Health, funded by government and foundations.
Note: Read what a former editor-in-chief of the New England Journal of Health has to say about the egregious profiteering of Big Pharma. Watch an excellent, two-minute video by former U.S. Secretary of Labor Robert Reich on the TPP titled "The Worst Trade Deal You've Never Heard of," or read leaked draft texts of the Trans-Pacific Partnership for yourself.
McDonald’s is really trying to be more transparent about what goes into their food. Mythbusters host Grant Imahara took us from fryer to farm in a reverse process peek at what goes into McDonald’s potatoes. While the global burger chain does explain the usage of a few unpronounceable ingredients meant to preserve color and texture, it looks like these practices aren’t being implemented across the board. After checking out McDonalds.co.uk, a blogger on Boing Boing points out that McDonald’s french fries in the U.K. appear to have far fewer ingredients than those produced in the U.S.-- and no crazy, hard-to-say additives. FoxNews.com did a side by side comparison of the two websites and found the same information. Across the pond, Brits are enjoying McDonald’s French fries sans additives like Sodium Acid Pyrophosphate, Dimethylpolysiloxane and “natural beef flavor.” Dimethylpolysiloxane is “added as an anti-foaming agent” but it’s also a silicon-based organic polymer used to make Silly Putty. Hmm. Looks like the chain has some more explaining to do to American consumers.
Note: For lots more on this, read this great mercola.com article. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
Journalist and former Anonymous member ... Barrett Brown was sentenced to 63 months in prison by a federal judge in Dallas on Thursday. The judge also ordered him to pay more than $890,000 in restitution and fines. An investigative journalist, essayist and satirist who has written for the Onion, Vanity Fair and the Huffington Post, as well as for the Guardian, Brown claims to have split with Anonymous in 2011. Brown also founded Project PM, a crowdsourced investigative thinktank dedicated to looking into abuses by companies in the area of surveillance. In September 2012, Brown was arrested by the FBI. In October 2012, after being held for two weeks without charge, he was indicted on charges of making an online threat, retaliating against a federal officer and conspiring to release personal information about a government employee. Two months later, he was indicted on 12 further charges related to the hacking of private intelligence contractor Stratfor in 2011. Jeremy Hammond, the hacker who actually carried out the Stratfor breach, was sentenced to the maximum possible 10 years. Brown, who was accused of sharing a link to the data Hammond obtained from the breach ... at one point faced a possible sentence of 105 years. He will reportedly be eligible for supervised release after one year, and once released will have his computer equipment monitored. The $890,250 in restitution payments will go to Stratfor and other companies targeted by Anonymous.
Note: Even after being targeted by a high level conspiracy, jailed on spurious charges, and forced to pay nearly a million dollars to Stratfor for merely writing about the hack of their private spy agency, Brown states that he remains committed to exposing corruption as a journalist from within the US prison system.
What President Obama called for in his State of the Union: completion and adoption of the Trans-Pacific Partnership free-trade agreement, or TPP, for the Asia-Pacific region. The president [and other TPP supporters] make two major arguments. One is that the trade pact would create lots of new jobs and raise American incomes and living standards. The other is that it would strengthen U.S. alliances in Asia while curbing Chinese influence. Over the last 35 years, the U.S. has ... concluded many free-trade agreements. In advance of each, U.S. leaders promised the deals would create high-paying jobs, reduce the trade deficit, increase GDP and raise living standards. None of these [promises] came true. In fact, the U.S. non-oil trade deficit continued to grow, millions of jobs were offshored and mean household income has hardly risen since 2000. And economists overwhelmingly agree that rising U.S. income inequality is being driven in part by international trade. The ever-closer linking of the U.S. economy to those of the TPP countries over the last 35 years has not ... deterred U.S. trade partners and allies from developing ever closer ties with China. The TPP is not going to bring together nations such as Mexico, Peru, Chile, New Zealand, Australia, Singapore, Malaysia and Brunei to gang up against China. That is just not going to happen. Thus the TPP fails on both economic and political grounds.
Note: Read an excellent Washington Post article showing how the claim of 65,000 jobs created with the TPP is a blatant lie and manipulation. Then watch an excellent, two-minute video by former U.S. Secretary of Labor Robert Reich on the TPP titled "The Worst Trade Deal You've Never Heard of," or read leaked draft texts of the Trans-Pacific Partnership for yourself.
The billionaires and corporate oligarchs meeting in Davos this week are getting worried about inequality. The architects of the crisis-ridden international economic order are starting to see the dangers ... of the widest global economic gulf in human history. The scale of the crisis has been laid out for them by the charity Oxfam. On current trends, the richest 1% will have pocketed more than the other 99% put together next year. The 0.1% have been doing even better, quadrupling their share of US income since the 1980s. In most of the world, labour’s share of national income has fallen continuously and wages have stagnated under this regime of privatisation, deregulation and low taxes on the rich. At the same time finance has sucked wealth from the public realm into the hands of a small minority, even as it has laid waste the rest of the economy. Now the evidence has piled up that not only is such appropriation of wealth a moral and social outrage, but it is fuelling social and climate conflict, wars, mass migration and political corruption, stunting health and life chances, increasing poverty, and widening gender and ethnic divides. Escalating inequality has also been a crucial factor in the economic crisis of the past seven years, squeezing demand and fuelling the credit boom. The thinking person’s Davos oligarch realises that allowing things to carry on as they are is dangerous. What they won’t accept is any change in the balance of social power.
Note: Oxfam's complete report "identifies the two powerful driving forces that have led to the rapid rise in inequality" as "market fundamentalism and the capture of politics by elites." For more along these lines, see concise summaries of deeply revealing news articles on income inequality and secret societies which manipulate global politics.
Arizona’s largest utility company has been at odds with the solar panel industry for years. Now, APS [Arizona Public Service, the state’s largest utility] is asking the Federal Trade Commission to crack down on solar companies. But they didn’t ask them directly. Six Arizona Congressmen sent letters to federal regulators asking them to investigate solar leasing companies. Reporter Evan Wyloge ... has the original letter and proves it’s actually APS spearheading the effort. Arizona Public Service [is] one of the largest campaign donors for the group of lawmakers. The APS-authored, congressmen-signed letter comes as the latest in an ongoing effort to stymie third-party solar panel companies, whose business has grown tenfold over the past half-decade, presenting a challenge to the long-term business model of traditional utilities like APS. The high-profile fight between the traditional utility and newer rooftop solar panel companies is not unique to Arizona. Similar struggles have emerged in other states. On Nov. 19, Democratic Reps. Ron Barber, Ann Kirkpatrick and Kyrsten Sinema asked [regulators] in a joint letter to ... look into solar panel leasing practices. Then, on Dec. 12, Republican Reps. Trent Franks, Paul Gosar and Matt Salmon sent a similar letter to the FTC. After both letters were sent, the Arizona Corporation Commission voted late in 2014 to open a docket on consumer complaints about solar companies. Initial hearings are expected to begin this spring.
Malaysian defense contractor [Leonard Glenn Francis] pleaded guilty [to bribing] â€śscoresâ€ť of U.S. Navy officials [while] presiding over a decade-long corruption scheme. His Singapore-based firm, Glenn Defense Marine Asia ... bilked the service out of tens of millions of dollars. Five current and former Navy officials have pleaded guilty so far. Francis, 50, agreed to forfeit $35 million in ill-gotten proceeds and could face up to 25 years in prison. [He also] provided evidence against two more Navy officials who have yet to be charged: a lieutenant commander and a ... civilian official [that] worked as a mole for Glenn Defense Marine. The Navy says that [Frances] was repeatedly able to thwart criminal investigators by bribing a senior agent with the Naval Criminal Investigative Service, who fed him sensitive files and helped to cover his tracks. A Navy captain, Daniel Dusek, admitted to disclosing military secrets to Francis and his firm in exchange for prostitutes, cash and visits to luxury hotels. Dusek provided classified information about Navy ship schedules dozens of times. According to court records, in October 2010, Dusek [as deputy director of operations for the 7th Fleet] persuaded the Navy to send an aircraft carrier, the USS Abraham Lincoln, and its strike group to visit a port in Malaysia that was largely controlled by Glenn Defense Marine. As a result, the company was able to easily inflate invoices and overcharge the Navy.
Note: Frances bribed Naval officials to redirect an aircraft carrier, and avoided prosecution for years by also bribing military investigators. If he could do this, and if Brent R. Wilkes could persuade the #3 Official at the CIA to award him millions in suspicious agency contracts, what else have corrupt government officials been bribed to do?
Republicans who now run Congress say they want to cooperate with President Obama, and point to the administration's Trans-Pacific Partnership, or TPP, as the model. The only problem is the TPP would be a disaster. If you haven't heard much about the TPP, that's part of the problem. It would be the largest trade deal in history ... representing 792 million people and accounting for 40 percent of the world economy -- yet it's been devised in secret. Lobbyists from America's biggest corporations and Wall Street's biggest banks have been involved but not the American public. That's a recipe for fatter profits and bigger paychecks at the top, but not a good deal for most of us, or even for most of the rest of the world. Big corporations and Wall Street want ... more international protection when it comes to their intellectual property and other assets. But they want less protection of consumers, workers, small investors, and the environment, because these interfere with their profits. So they've been seeking trade rules that allow them to override these protections. Not surprisingly for a deal that's been drafted mostly by corporate and Wall Street lobbyists, the TPP provides exactly this mix. In other words, the TPP is a Trojan horse in a global race to the bottom, giving big corporations and Wall Street banks a way to eliminate any and all laws and regulations that get in the way of their profits.
Note: The above article is written by former US Secretary of Labor Robert Reich. For more along these lines, see this summary of an article that appeared in the Guardian newspaper in 2013. You can also read the TPP's Intellectual property and environment language for yourself.
Longmont [Colorado] has become a cautionary tale of what can happen when cities decide to confront the oil and gas industry. In an aggressive response to a wave of citizen-led drilling bans, state officials, energy companies and industry groups are taking Longmont and other municipalities to court, forcing local governments into ... expensive, long-shot efforts to defend the measures. Two years ago, [Longmont] residents voted to ban hydraulic fracturing from their grassy open spaces and a snow-fed reservoir. In Colorado, the energy industry, which argues that cities lack the authority to outlaw fracking, has already won rulings overturning three fracking prohibitions. Longmont, which sits near the juncture of rolling plains and jagged mountains, has spent about $136,000 fighting — unsuccessfully so far — to defend a 2012 measure that outlawed fracking. In July, a district court judge tossed out the ban, and the city is appealing. A judge also overturned a fracking ban last year in Fort Collins, Colo., and denied pleas from the city to keep the ban in place while local officials went to court to defend a five-year fracking moratorium. In Broadview Heights, Ohio, energy companies are suing the town — and residents are suing the energy companies in return — over a bill of rights that outlawed fracking and the disposal of its byproducts. While the Longmont City Council voted unanimously in August to defend the fracking ban, other towns have decided it is just too costly a fight.
Important 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.