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


Below are many highly revealing excerpts of important corporate corruption articles reported in the mainstream media suggesting a 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.


Corporate Corruption Media Articles


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.

Taping of Farm Cruelty Is Becoming the Crime
2013-04-07, New York Times
http://www.nytimes.com/2013/04/07/us/taping-of-farm-cruelty-is-becoming-the-c...

On one covert video, farm workers illegally burn the ankles of Tennessee walking horses with chemicals. Another captures workers in Wyoming punching and kicking pigs and flinging piglets into the air. And at one of the country’s largest egg suppliers, a video shows hens caged alongside rotting bird corpses, while workers burn and snap off the beaks of young chicks. Each video ... drew a swift response: Federal prosecutors in Tennessee charged the horse trainer and other workers, who have pleaded guilty, with violating the Horse Protection Act. Local authorities in Wyoming charged nine farm employees with cruelty to animals. And the egg supplier, which operates in Iowa and other states, lost one of its biggest customers, McDonald’s, which said the video played a part in its decision. But a dozen or so state legislatures have had a different reaction: They proposed or enacted bills that would make it illegal to covertly videotape livestock farms, or apply for a job at one without disclosing ties to animal rights groups. They have also drafted measures to require such videos to be given to the authorities almost immediately, which activists say would thwart any meaningful undercover investigation of large factory farms. Critics call them “Ag-Gag” bills. Some of the legislation appears inspired by the American Legislative Exchange Council, a business advocacy group with hundreds of state representatives from farm states as members. One of the group’s model bills, “The Animal and Ecological Terrorism Act,” prohibits filming or taking pictures on livestock farms to “defame the facility or its owner.” Violators would be placed on a “terrorist registry.”

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.




The extraordinary range of people using offshore hideaways
2013-04-04, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/uk/2013/apr/04/secrets-offshore-hideaways-laid-bare

The secret records obtained by ICIJ [International Consortium of Investigative Journalists] lay bare an extraordinary range of people using offshore hideaways. They include ... families of despots, Wall Street swindlers, eastern European and Indonesian billionaires, Russian executives, [and] international arms dealers. The leaks illustrate how offshore financial secrecy has aggressively spread around the globe. The records detail offshore holdings in more than 170 territories; this represents the biggest stockpile of inside information about the offshore system ever obtained by a media organisation. Eighty-six journalists from 46 countries used both hi-tech data crunching and traditional reporting to sift through emails and account ledgers covering nearly 30 years. "Everything is much more geared toward business," David Marchant, publisher of OffshoreAlert, an online journal, said. "If you're dishonest, you can take advantage of that in a bad way." ICIJ's 15-month investigation found that ... the secrecy and lax oversight offered by the offshore world appears to allow fraud, tax-dodging and political corruption to thrive. A study by James S Henry, former chief economist at McKinsey & Company [and a board member of the Tax Justice Network], estimates that wealthy individuals have $21-$32tn tucked away in offshore havens – roughly equivalent to the size of the US and Japanese economies combined.

Note: To learn more about how all of this incredibly revealing data was obtained and processed, click here. For a powerfully revealing documentary showing how huge corporations park profits offshore to avoid taxes, click here.




Monsanto Protection Act put GM companies above the federal courts
2013-04-04, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/environment/blog/2013/apr/04/monsanto-protection-ac...

Even people used to the closeness of the US administration and food giants like Monsanto have been shocked by the latest demonstration of the GM industry's political muscle. Little-noticed in Europe or outside the US, President Barack Obama last week signed off what has become widely known as "the Monsanto Protection Act", technically the Farmer Assurance Provision rider in HR 933: Consolidated and Further Continuing Appropriations Act 2013. According to an array of food and consumer groups, organic farmers, civil liberty and trade unions and others, this hijacks the constitution, sets a legal precedent and puts Monsanto and other biotech companies above the federal courts. It means, they say, that not even the US government can now stop the sale, planting, harvest or distribution of any GM seed, even if it is linked to illness or environmental problems. The backlash has been furious. A Food Democracy Now petition has attracted 250,000 names. The only good news, say the opponents, is that because the "Monsanto Protection Act" was part of the much wider spending bill, it will formally expire in September. The bad news however is that the precedent has been set and it is unlikely that the world's largest seed company and the main driver of the divisive GM technology will ever agree to give up its new legal protection. The company, in effect, now rules.

Note: For deeply revealing reports from reliable major media sources on the harm caused by GMOs, click here.




Leaks reveal secrets of the rich who hide cash offshore
2013-04-03, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/uk/2013/apr/03/offshore-secrets-offshore-tax-haven

Millions of internal records have leaked from Britain's offshore financial industry, exposing for the first time the identities of thousands of holders of anonymous wealth from around the world, from presidents to plutocrats, the daughter of a notorious dictator and a British millionaire accused of concealing assets from his ex-wife. The leak of 2m emails and other documents, mainly from the offshore haven of the British Virgin Islands, has the potential to cause a seismic shock worldwide to the booming offshore trade. The naming project may be extremely damaging for confidence among the world's wealthiest people, no longer certain that the size of their fortunes remains hidden from governments and from their neighbours. As well as Britons hiding wealth offshore, an extraordinary array of government officials and rich families across the world are identified, from Canada, the US, India, Pakistan, Indonesia, Iran, China, Thailand and former communist states. The Caribbean micro-state has incorporated more than a million such offshore entities since it began marketing itself worldwide in the 1980s. Owners' true identities are never revealed. Even the island's official financial regulators normally have no idea who is behind them. The British Foreign Office depends on the BVI's company licensing revenue to subsidise this residual outpost of empire, while lawyers and accountants in the City of London benefit from a lucrative trade as intermediaries.

Note: For profiles of a few leading secret account holders, click here. For a powerfully revealing documentary showing how huge corporations park profits offshore to avoid taxes, click here.




UN Adopts Treaty to Regulate Global Arms Trade
2013-04-03, ABC News/Associated Press
http://abcnews.go.com/US/wireStory/adopts-treaty-regulate-global-arms-trade-1...

The U.N. General Assembly overwhelmingly approved the first international treaty regulating the multibillion-dollar global arms trade [on April 2], after a more than decade-long campaign. The final vote: 154 in favor, 3 against and 23 abstentions. "This is a victory for the world's people," U.N. Secretary-General Ban Ki-moon said. "The Arms Trade Treaty will make it more difficult for deadly weapons to be diverted into the illicit market. ... It will be a powerful new tool in our efforts to prevent grave human rights abuses or violations of international humanitarian law." Never before has there been a treaty regulating the global arms trade, which is estimated to be worth $60 billion. Frank Jannuzi, deputy executive director of Amnesty International USA [said,] "The voices of reason triumphed over skeptics, treaty opponents and dealers in death to establish a revolutionary treaty that constitutes a major step toward keeping assault rifles, rocket-propelled grenades and other weapons out of the hands of despots and warlords who use them to kill and maim civilians, recruit child soldiers and commit other serious abuses." What impact the treaty will actually have remains to be seen. It will take effect 90 days after 50 countries ratify it, and a lot will depend on which ones ratify and which ones don't, and how stringently it is implemented. As for its chances of being ratified by the U.S., the powerful National Rifle Association has vehemently opposed it, and it is likely to face stiff resistance from conservatives in the Senate, where it needs two-thirds to win ratification.




Road to tax havens is paved with potholes
2013-04-02, San Francisco Chronicle (SF's leading newspaper)
http://www.sfchronicle.com/opinion/openforum/article/Road-to-tax-havens-is-pa...

Our government must act to close the loopholes that allow companies and wealthy individuals to get out of paying their taxes - in particular, loopholes allowing them to move profits offshore to avoid taxation. The U.S. PIRG (Public Interest Research Group) ... released a study outlining how in California alone, an estimated $7.1 billion in potential tax revenue for 2011 was lost because companies and individuals shifted profits to subsidiary shell companies in tax havens. Often described as "sunny places for shady people," tax havens aren't usually associated with mundane issues like potholes - or with cuts to programs for seniors; freezes in funding for public education ... or cancellation of emergency services. Yet the PIRG study, which concludes that the United States is losing about $150 billion in tax revenue annually, shows once again how tax havens and shortfalls in government budgets are directly related. Despite the obvious damage to society, shifting profits offshore is, in most cases, perfectly legal. In fact, tax haven use by big companies is so common that a 2008 Government Accountability Office Report found 83 of the Fortune 100 companies in the United States had subsidiaries in offshore tax havens. Just because something is legal does not mean that it is right.

Note: For a powerfully revealing documentary showing how huge corporations park profits offshore to avoid taxes, click here. For deeply revealing reports from reliable major media sources on corporate corruption, click here.




Banks score major win in private Libor suits
2013-03-29, Chicago Tribune/Reuters
http://articles.chicagotribune.com/2013-03-29/business/sns-rt-us-libor-lawsui...

The world's biggest banks won a major victory on [March 29] when a U.S. judge dismissed a "substantial portion" of the claims in private lawsuits accusing them of rigging global benchmark interest rates. The 16 banks had faced claims totaling billions of dollars in the case. The banks include: Bank of America, Citigroup, Credit Suisse, Deutsche Bank, HSBC Holdings, JPMorgan Chase, [and others]. They had been accused by a diverse body of private plaintiffs, ranging from bondholders to the city of Baltimore, of conspiring to manipulate the London Interbank Offered Rate (Libor), a key benchmark at the heart of more than $550 trillion in financial products. In a significant setback for the plaintiffs, U.S. District Judge Naomi Reice Buchwald in Manhattan granted the banks' motion to dismiss federal antitrust claims and partially dismissed the plaintiffs' claims of commodities manipulation. She also dismissed racketeering and state-law claims. Buchwald did allow a portion of the lawsuit to continue that claims the banks' alleged manipulation of Libor harmed traders who bet on interest rates. Small movements in those rates can mean sizable gains or losses for those gambling on which way the rates move. Buchwald's decision may make it more likely that banks will talk settlement with a significant win in their pocket. The decision also could cast doubt on some of the highest analyst projections about potential Libor damages, and quell some concerns that the banks have not reserved enough for litigation expenses.

Note: For deeply revealing reports from reliable major media sources on criminal operations of the financial industry, click here.




Overseas stashes complicate tax reform
2013-03-28, San Francisco Chronicle (SF's leading newspaper)
http://www.sfchronicle.com/business/bottomline/article/Overseas-stashes-compl...

According to a new report, most of the 30 companies listed on the Dow Jones industrial average are paying a far lower proportion of their profits in federal taxes - at a time when the Dow is reaching new highs - than they have in past decades. The main reason: not so much those yawning tax loopholes, but the multinationals' ability to stash more of their money overseas, where it's taxed at a lower rate and the feds can't touch it. Hewlett-Packard, according to the analysis, experienced the steepest percentage reduction in federal taxes - 47 percent since 1969. Intel's share of income paid in taxes has fallen by 29.6 percent since 1973, and Cisco Systems by 24.7 percent since 1989. U.S. multinationals ... often pay far less than the standard 35 percent corporate tax rate - a rate many of these companies are pushing to have significantly lowered. In its year-end report, Intel recorded $13 billion in profit - a record - and said its tax rate was approximately 29 percent. In 2010 HP paid $1.75 billion in income taxes on $9.4 billion of pretax income, a tax rate of 18.6 percent. As a share of the nation's GDP, U.S. corporate income tax has fallen by more than half, from 5.5 percent in 1946 to 2.6 percent in 2011.

Note: The statement about corporate income tax falling from 5.5 percent of GDP in 1946 to 2.6 percent in 2011 is quite misleading, making it appear that corporate taxes are a small percentage of total income. It is much more accurate to compare the total annual amount of corporate taxes to individuals' taxes. As this historical tax chart clearly shows, in 1946 corporate income tax receipts were 74% of the amount received from individual income taxes. By 2011, corporate taxes dropped to less than 17% of the amount paid in individual income taxes. That is a huge percentage drop in corporate taxes.




The corporate ‘predator state’
2013-03-26, Washington Post
http://www.washingtonpost.com/opinions/katrina-vanden-heuvel-the-corporate-pr...

Bipartisan agreement in Washington usually means citizens should hold on to their wallets or get ready for another threat to peace. Beneath all the partisan bickering, bipartisan majorities are solid for a trade policy run by and for multinationals, a health-care system serving insurance and drug companies, an energy policy for Big Oil and King Coal, and finance favoring banks that are too big to fail. Economist James Galbraith calls this the “predator state,” one in which large corporate interests rig the rules to protect their subsidies, tax dodges and monopolies. This isn’t the free market; it’s a rigged market. Wall Street is a classic example. The attorney general announces that some banks are too big to prosecute. Despite what the FBI called an “epidemic of fraud,” not one head of a big bank has gone to jail or paid a major personal fine. Bloomberg News estimated that the subsidy they are provided by being too big to fail adds up to an estimated $83 billion a year. Corporate welfare is, of course, offensive to progressives. But true conservatives are — or should be — offended by corporate welfare as well. Conservative economists Raghuram Rajan and Luigi Zingales argue that it is time to “save capitalism from the capitalists,” urging conservatives to support strong measures to break up monopolies, cartels and the predatory use of political power to distort competition. Here is where left and right meet, not in a bipartisan big-money fix, but in an odd bedfellows campaign to clean out Washington. For that to happen, small businesses and community banks will have to develop an independent voice in our politics.

Note: For deeply revealing reports from reliable major media sources on the collusion between the US government and corrupt financial corporations, click here.




Some might choke at giving Chevron a prize
2013-03-26, San Francisco Chronicle (SF's leading newspaper)
http://www.sfchronicle.com/business/bottomline/article/Some-might-choke-at-gi...

A number of major Bay Area companies were up for what were described as the "Oscars of the investment-relations industry." Sponsored by the trade publication IR Magazine, the event featured a notable award for "best crisis management," and San Ramon's Chevron Corp. was nominated for its handling of the Aug. 6 explosions and fire at the company's refinery in Richmond. Chevron's performance, one might recall, didn't play so well locally, having so far earned $1 million in fines and citations alleging "willful serious" health and safety violations, and the company's own admission last month "that we failed to live up to our own expectations in this incident." Perhaps it was just as well that Chevron, which was not at the event, didn't make it to the winner's circle ... at the palatial Cipriani Club 55 in New York. Few of the thousands of Richmond and other East Bay residents choking their way through black smoke to local hospitals last August would likely have appreciated it. The winner, announced with the opening of an envelope, might have seemed even less likely to the general public: JPMorgan Chase for its management of the $6.2 billion trading loss involving what was known as the "London whale" last year.

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




Hot Money Blues
2013-03-25, New York Times
http://www.nytimes.com/2013/03/25/opinion/krugman-hot-money-blues.html

Whatever the final outcome in the Cyprus crisis ... the island nation will have to maintain fairly draconian controls on the movement of capital in and out of the country. It will mark the end of an era for Cyprus, which has in effect spent the past decade advertising itself as a place where wealthy individuals who want to avoid taxes and scrutiny can safely park their money, no questions asked. But it may also mark at least the beginning of the end for something much bigger: the era when unrestricted movement of capital was taken as a desirable norm around the world. [With] the rise of free-market ideology, the assumption [is] that if financial markets want to move money across borders, there must be a good reason, and bureaucrats shouldn’t stand in their way. But the truth, hard as it may be for ideologues to accept, is that unrestricted movement of capital is looking more and more like a failed experiment. It’s hard to imagine now, but for more than three decades after World War II financial crises of the kind we’ve lately become so familiar with hardly ever happened. Since 1980, however, the roster has been impressive: Mexico, Brazil, Argentina and Chile in 1982. Sweden and Finland in 1991. Mexico again in 1995. Thailand, Malaysia, Indonesia and Korea in 1998. Argentina again in 2002. And, of course, the more recent run of disasters: Iceland, Ireland, Greece, Portugal, Spain, Italy, Cyprus. The best predictor of crisis is large inflows of foreign money: in all but a couple of the cases ... the foundation for crisis was laid by a rush of foreign investors into a country, followed by a sudden rush out.

Note: For deeply revealing reports from reliable major media sources on the collusion between the US government and corrupt financial corporations, click here.




The 1% aren't like the rest of us
2013-03-22, Los Angeles Times
http://www.latimes.com/news/opinion/commentary/la-oe-page-wealth-and-politics...

Over the last two years, President Obama and Congress have put the country on track to reduce projected federal budget deficits by nearly $4 trillion. Yet when that process began, in early 2011, only about 12% of Americans in Gallup polls cited federal debt as the nation's most important problem. Two to three times as many cited unemployment and jobs as the biggest challenge facing the country. So why did policymakers focus so intently on the deficit issue? One reason may be that the small minority that saw the deficit as the nation's priority had more clout than the majority that didn't. We recently conducted a survey of top wealth-holders (with an average net worth of $14 million) in the Chicago area, one of the first studies to systematically examine the political attitudes of wealthy Americans. Our research found that the biggest concern of this top 1% of wealth-holders was curbing budget deficits and government spending. When surveyed, they ranked those things as priorities three times as often as they did unemployment — and far more often than any other issue. Our Survey of Economically Successful Americans [found that] two-thirds of the respondents had contributed money (averaging $4,633) in the most recent presidential election, and fully one-fifth of them "bundled" contributions from others. About half recently initiated contact with a U.S. senator or representative, and nearly half (44%) of those contacts concerned matters of relatively narrow economic self-interest rather than broader national concerns. This kind of access to elected officials suggests an outsized influence in Washington.

Note: For deeply revealing reports from reliable major media sources on the collusion between the US government and corrupt financial corporations, click here.




FOIA Documents Obtained by Judicial Watch Reveal 200 Claims Filed With HHS for HPV Vaccine Injuries and Deaths, 49 Compensated
2013-03-20, MarketWatch (a Wall Street Journal Website)
http://www.marketwatch.com/story/foia-documents-obtained-by-judicial-watch-re...

Documents reveal that the National Vaccine Injury Compensation Program (VICP) has paid out nearly $6 million in claims to victims of HPV (Human Papillomavirus) vaccine, including families of two dead. Judicial Watch announced today that it has received documents from the Department of Health and Human Services (HHS) revealing that its VICP has awarded $5,877,710 dollars to 49 victims in claims made against the highly controversial HPV vaccines. To date 200 claims have been filed with VICP, with barely half adjudicated. The documents came in response to a February 28, 2013, Judicial Watch lawsuit against HHS to force the department to comply with a November 1, 2012, Judicial Watch Freedom of Information Act (FOIA) request. From its inception, the use of HPV (human papillomavirus) vaccines for sexually transmitted diseases has been hotly disputed. According to the Annals of Medicine: "At present there are no significant data showing that either Gardasil or Cervarix (GlaxoSmithKline) can prevent any type of cervical cancer since the testing period employed was too short to evaluate long-term benefits of HPV vaccination." "This new information from the government shows that the serious safety concerns about the use of Gardasil have been well-founded," said Judicial Watch President Tom Fitton. "Public health officials should stop pushing Gardasil on children."

Note: For lots more on the risks and dangers of this vaccine being promoted by big pharma, click here.




Cypriot Bailout Sends Shivers Throughout the Euro Zone
2013-03-18, New York Times
http://www.nytimes.com/2013/03/18/business/global/facing-bailout-tax-cypriots...

Europe’s decision to force depositors in Cypriot banks to share in the cost of the latest euro zone bailout has sparked outrage in Cyprus and fears that a run on deposits over the weekend might spread to larger countries at risk like Spain and Italy. Under an emergency deal reached early Saturday in Brussels, a one-time tax of 9.9 percent is to be levied on Cypriot bank deposits of more than 100,000 euros, or $130,000, effective [March 19]. That will hit wealthy depositors — mostly Russians who have put vast sums into Cyprus’s banks in recent years. But smaller deposits will also be taxed, at 6.75 percent, meaning that the banks will be confiscating money directly from retirees and ordinary workers to help pay the tab for the 10 billion euro bailout or $13 billion. Most of the 10 billion euros will go to bail out Cypriot banks, which took a blow when their substantial holdings of Greek government bonds were written down as part of that country’s second bailout. The island’s banks are also laden with loans made to Greek companies and individuals, which have turned sour as Greece endures its fourth year of economic and financial crisis. The "deposit tax", which is expected to raise 5.8 billion euros, was part of a bailout agreement ... among finance ministers from euro countries and representatives of the International Monetary Fund and the European Central Bank. The Cypriot bailout follows those for Greece, Portugal, Ireland and the Spanish banking sector — and is the first where bank depositors will be touched.

Note: What gives anyone the right to seize the deposits of ordinary bank account holders? Is this the first step towards establishing a precedent for governments to seize anything they want from ordinary citizens? For a report indicating that the Cypriot people may not take this attack lying down, click here.




Court Docs Reveal Blackwater’s Secret CIA Past
2013-03-14, The Daily Beast/Newsweek
http://www.thedailybeast.com/articles/2013/03/14/exclusive-erik-prince-on-bla...

Last month a three-year-long federal prosecution of Blackwater collapsed. The government’s 15-felony indictment—on such charges as conspiring to hide purchases of automatic rifles and other weapons from the Bureau of Alcohol, Tobacco, Firearms, and Explosives—could have led to years of jail time for Blackwater personnel. In the end, however, the government got only misdemeanor guilty pleas by two former executives, each of whom were sentenced to four months of house arrest, three years’ probation, and a fine of $5,000. Prosecutors dropped charges against three other executives named in the suit and abandoned the felony charges altogether. But the most noteworthy thing about the largely failed prosecution wasn’t the outcome. It was the tens of thousands of pages of documents—some declassified—that the litigation left in its wake. These documents illuminate Blackwater’s defense strategy: to defeat the charges it was facing, Blackwater built a case not only that it worked with the CIA—which was already widely known—but that it was in many ways an extension of the agency itself. [CEO Erik] Prince [said] recently, “Blackwater’s work with the CIA began when we provided specialized instructors and facilities that the Agency lacked. In the years that followed, the company became a virtual extension of the CIA because we were asked time and again to carry out dangerous missions, which the Agency either could not or would not do in-house.”

Note: For deeply revealing reports from reliable major media sources on the growing privatization of intelligence agency functions, click here.




Japan’s Energy Board Meets After Dropping Anti-Nuclear Members
2013-03-14, Washington Post/Bloomberg
http://washpost.bloomberg.com/Story?docId=1376-MJN96O6JIJXS01-037KLNTCSC52QTP...

Japan’s ruling Liberal Democratic Party has removed most anti-nuclear researchers from a revamped post-Fukushima energy policy advisory board to the government. After a landslide victory in a December election, Prime Minister Shinzo Abe has said the previous administration’s policy to abandon atomic power needs to be reviewed. Six of eight members that voted for phasing out nuclear power on the board advising the previous government have been dropped from the LDP panel. Another ten members were reappointed, including Akio Mimura, an adviser for Nippon Steel & Sumitomo Metal Corp., as chairman. He headed an energy advisory board under a previous LDP government that promoted nuclear power. “It’s wrong to let the same man who led discussions on pre-Fukushima energy policy be in charge,” said Tetsunari Iida, the executive director of the Institute for Sustainable Energy Policies. Iida was one of those dropped from the advisory board. In September, the government led by the Democratic Party of Japan approved phasing out nuclear power by the end of the 2030s. Around 160,000 people were evacuated because of radiation fallout. Three options were considered for the country’s future energy supply: Zero nuclear, 15 percent nuclear, and 20 percent to 25 percent. A government poll in August found 47 percent of citizens favored zero, with the remainder split on the other choices. “The LDP wants to avoid the zero nuclear scenario at all costs and is looking for a point of compromise between 15 percent and 20 percent nuclear,” said Hiroshi Takahashi, a research fellow at Fujitsu Research Institute.

Note: For deeply revealing reports from reliable major media sources on the grave dangers posed by nuclear power, click here.




Fukushima And The Navy: Sailors Sue Japan Nuclear Plant Owner, Saying Disaster Made Them Sick
2013-03-11, Huffington Post
http://www.huffingtonpost.com/2013/03/11/fukushima-navy-health-problems_n_285...

Within weeks of setting off a geiger counter and scrubbing three layers of skin off his hands and arms, former Navy quartermaster Maurice Enis recalled being pressured to sign away U.S. government liability for any future health problems. Enis and about 5,000 fellow sailors aboard the USS Ronald Reagan aircraft carrier had finally left Japan, after 80-some days aiding victims of the March 11, 2011, Fukushima earthquake and tsunami, and were about to take a long-awaited port call in Thailand. But first, they were told they needed to fill out some paperwork. "They had us [to] sign off that we were medically fine, had no sickness, and that we couldn't sue the U.S. government," Enis [says], recalling widespread anger among the sailors who ... felt they had little choice. [On] the [second] anniversary of the Fukushima disaster, Enis joined a lawsuit with more than 100 other service members who participated in the rescue mission and who have since developed medical issues they contend are related to radioactive fallout from the disabled Fukushima Daiichi nuclear plant. Rather than targeting the U.S. government, the federal lawsuit names plant owner Tokyo Electric Power Co. the defendant. TEPCO, as the company is known, provided false information to U.S. officials about the extent of spreading radiation from its stricken reactors, according to Roger Witherspoon on his blog Energy Matters.

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




Realities Behind Prosecuting Big Banks
2013-03-11, New York Times
http://dealbook.nytimes.com/2013/03/11/big-banks-go-wrong-but-pay-a-little-pr...

Are banks too big to jail? If there was any doubt about the answer to that question, Eric H. Holder Jr., the nation’s attorney general, last week blurted out what we’ve all known to be true but few inside the Obama administration have said aloud: Yes, they are. “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy,” Mr. Holder told the Senate Judiciary Committee. “I think that is a function of the fact that some of these institutions have become too large.” Mr. Holder continued, acknowledging that the size of banks “has an inhibiting influence.” To put this in the proper perspective, Mr. Holder said, for the first time, that he has not pursued prosecutions of big banks out of fear that an indictment could jeopardize the financial system. Does this mean that our banks are still too big to fail? Should we prosecute corporations? Should the size of an institution or its systemic importance influence the decision of prosecutors? “It has been almost five years since the financial crisis, but the big banks are still too big to fail,” [Senator Elizabeth] Warren, a Democrat, said in a statement. “Attorney General Holder’s testimony that the biggest banks are too-big-to-jail shows once again that it is past time to end too-big-to-fail.”

Note: For deeply revealing reports from reliable major media sources on the collusion between government and finance, click here.




Sugar industry's secret documents echo tobacco tactics
2013-03-08, CBC News (Canada's public broadcasting company)
http://www.cbc.ca/news/health/story/2013/03/08/f-vp-crowe-big-sugar.html

When Cristin Couzens went on the hunt for evidence that Big Sugar had manipulated public opinion, she had no idea what she was doing. She was a dentist, not an investigative reporter. But she couldn't let go of the nagging suspicion that something was amiss. Her obsession started in an unlikely place, at a dental conference in Seattle in 2007 about diabetes and gum disease. When one speaker listed foods to avoid, there was no mention of sugar. "I thought this was very strange," Couzens said. She quit her job, exhausted her savings and spent 15 months scouring library archives. Then one day she found what she was looking for, in a cardboard box at the Colorado State University archives. What Couzens found was something food industry critics have been seeking for years — documents suggesting that the sugar industry used Big Tobacco tactics to deflect growing concern over the health effects of sugar. "So I had lists of their board reports, their financial statements, I had names of their scientific consultants, I had a list of research projects they funded, and I had these memos where they were describing how their PR men should handle conflict of interest questions from the press," she said. As Couzens sorted through the documents, the full extent of that campaign to forge public opinion emerged. The documents describe industry lobby efforts to sponsor scientific research, silence media reports critical of sugar, and block dietary guidelines to limit sugar consumption.

Note: Cristin Couzens publicized secret sugar industry documents in a magazine article titled "Big Sugar's Sweet Little Lies." For deeply revealing reports from reliable major media sources on corporate corruption, click here.




Elizabeth Warren Wants HSBC Bankers Jailed for Money Laundering
2013-03-07, ABC News
http://abcnews.go.com/blogs/politics/2013/03/elizabeth-warren-wants-hsbc-bank...

Elizabeth Warren has a question: How much money does a bank have to launder before people go to jail? Warren ... posed that question numerous times to financial regulators at a Senate Banking Committee hearing [on] banks and money laundering. In December, U.S. Justice Department officials announced that HSBC, Europe’s largest bank, would pay a $1.92 billion fine after laundering $881 million for drug cartels in Mexico and Colombia. The two regulators, Under Secretary for Terrorism and Financial Intelligence David S. Cohen and Federal Reserve Governor Jerome H. Powell, deflected Warren’s questions, saying that criminal prosecutions are for the Justice Department to decide. An exasperated Warren said, as she wrapped up her questioning, “If you’re caught with an ounce of cocaine, the chances are good you’re going to jail. If it happens repeatedly, you may go to jail for the rest of your life. But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night — every single individual associated with this — and I just think that’s fundamentally wrong.”

Note: For deeply revealing reports from reliable major media sources on the collusion between government and finance, click here.





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.


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