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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.


Corporate Artful Dodgers
2014-07-28, New York Times
http://www.nytimes.com/2014/07/28/opinion/paul-krugman-tax-avoidance-du-jour-...

On current trends, we’re heading toward a world in which only the human people pay taxes. We’re not quite there yet: The federal government still gets a tenth of its revenue from corporate profits taxation. But it used to get a lot more — a third of revenue came from profits taxes in the early 1950s, a quarter or more well into the 1960s. Part of the decline since then reflects a fall in the tax rate, but mainly it reflects ever-more-aggressive corporate tax avoidance — avoidance that politicians have done little to prevent. Which brings us to the tax-avoidance strategy du jour: “inversion.” This refers to a legal maneuver in which a company declares that its U.S. operations are owned by its foreign subsidiary, not the other way around, and uses this role reversal to shift reported profits out of American jurisdiction to someplace with a lower tax rate. The most important thing to understand about inversion is that it does not in any meaningful sense involve American business “moving overseas.” Consider the case of Walgreen, the giant drugstore chain that, according to multiple reports, is on the verge of making itself legally Swiss. If the plan goes through, nothing about the business will change; your local pharmacy won’t close and reopen in Zurich. It will be a purely paper transaction — but it will deprive the U.S. government of several billion dollars in revenue that you, the taxpayer, will have to make up one way or another.

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


Companies proclaim water the next oil in a rush to turn resources into profit
2014-07-27, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/money/2014/jul/27/water-nestle-drink-charge-privat...

Making money from water? Is this what Wall Street wants next? This summer, however, myriad business forces are combining to remind us that fresh water isn’t necessarily or automatically a free resource. It could all too easily end up becoming just another economic commodity. At the forefront of this firestorm is Peter Brabeck, chairman and former CEO of Nestlé. In his view, citizens don’t have an automatic right to more than the water they require for mere “survival”, unless they can afford to pay for it. For context, the World Health Organization sets such “survival” consumption levels at a minimum of 20 liters a day for basic hygiene and food hygiene – higher, if you add laundry and bathing. But Brabeck probably isn’t the best standard-bearer for the cause of responsible water management, by any stretch of the imagination. Consider the fact that as the drought has worsened, Nestlé Waters North Americas Inc – the largest bottled water company in the country – has continued to pump water from an aquifer near Palm Springs, California, thanks to its partnership with the Morongo Band of Mission Indians. Their joint venture, bottling water from a spring on land owned by the band in Millard Canyon, has another advantage: since the Morongo are considered a sovereign nation, no one needs to report exactly how much water is being drawn from the aquifer.

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


Citigroup to pay $7 billion for ‘egregious misconduct’ leading up to financial crisis
2014-07-14, PBS
http://www.pbs.org/newshour/bb/citigroup-pay-7-billion-egregious-misconduct-l...

JUDY WOODRUFF: “We should start praying. I wouldn’t be surprised if half of these loans went down” — that’s what a trader at Citigroup wrote in an e-mail in 2007, after reviewing thousands of mortgages bought and sold by the bank. Today, the Justice Department cited those very words as it announced a $7 billion settlement with the bank. The government said Citi committed egregious misconduct in the lead-up to the financial crisis. Of the $7 billion, Citigroup will pay $4 billion to the Justice Department. More than $2.5 billion is set aside for what’s described as consumer relief. Tony West is associate attorney general. And he was the government’s lead negotiator in this case. Lay out for us, what was this egregious conduct and how many people at Citigroup were engaged in it? TONY WEST: Citibank packaged securities, packaged loans, mortgage loans into these securities, which they sold to investors. What they didn’t tell investors was what the actual quality of those loans were. And so you had these mortgage bond deals that had quality that was far less than what Citi was representing to investors that they were. JUDY WOODRUFF: And how many people knew about this, and did the knowledge go all the way to the top? TONY WEST: We know from the evidence that bankers were warned that the quality of the loans that they were packaging into these securities wasn’t what they were telling investors they were, but they ignored those warning signs. They ignored that due diligence. Certainly enough ... bankers knew that we felt that we could demand a very high, in fact, an historically high, penalty from Citibank.

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


Before Shooting in Iraq, a Warning on Blackwater
2014-06-30, New York Times
http://www.nytimes.com/2014/06/30/us/before-shooting-in-iraq-warning-on-black...

Just weeks before Blackwater guards fatally shot 17 civilians at Baghdad’s Nisour Square in 2007, the State Department began investigating the security contractor’s operations in Iraq. But the inquiry was abandoned after Blackwater’s top manager there issued a threat: “that he could kill” the government’s chief investigator and “no one could or would do anything about it as we were in Iraq.” American Embassy officials in Baghdad sided with Blackwater rather than the State Department investigators as a dispute over the probe escalated in August 2007, the previously undisclosed documents show. The officials told the investigators that they had disrupted the embassy’s relationship with the security contractor and ordered them to leave the country. After returning to Washington, the chief investigator wrote a scathing report to State Department officials documenting misconduct by Blackwater employees and warning that lax oversight of the company, which had a contract worth more than $1 billion to protect American diplomats, had created “an environment full of liability and negligence.” “The management structures in place to manage and monitor our contracts in Iraq have become subservient to the contractors themselves,” the investigator, Jean C. Richter, wrote in an Aug. 31, 2007, memo to State Department officials. “Blackwater contractors saw themselves as above the law,” he said, adding that the “hands off” management resulted in a situation in which “the contractors, instead of Department officials, are in command and in control.”

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


Red Cross: How we spent Sandy money is a “trade secret”
2014-06-28, Salon/ProPublica
http://www.salon.com/2014/06/28/red_cross_how_we_spent_sandy_money_is_a_trade...

Just how badly does the American Red Cross want to keep secret how it raised and spent over $300 million after Hurricane Sandy? The charity has hired [law firm Gibson Dunn] to fight a public request [ProPublica] filed with New York state, arguing that information about its Sandy activities is a “trade secret.” The Red Cross’ “trade secret” argument has persuaded the state to redact some material, though it’s not clear yet how much since the documents haven’t yet been released. The Red Cross releases few details about how it spends money after big disasters. That makes it difficult to figure out whether donor dollars are well spent. An attorney from [Gibson Dunn] appealed to the attorney general to block disclosure of some of the Sandy information, citing the state Freedom of Information Law’s trade secret exemption. Doug White, a nonprofit expert who directs the fundraising management program at Columbia University, said that it’s possible for nonprofits to have trade interests — the logo of a university, for example — but it’s not clear what a “trade secret” would be in the case of the Red Cross. He called the lawyer’s letter an apparent “delaying tactic.” Ben Smilowitz of the Disaster Accountability Project, a watchdog group, said, “Invoking a ‘trade secret’ exemption is not something you would expect from an organization that purports to be ‘transparent and accountable.’”

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


WikiLeaks publishes 'secret draft' of world trade agreement
2014-06-19, CBC News (Canada's Public Broadcasting Network)
http://www.cbc.ca/news/world/wikileaks-publishes-secret-draft-of-world-trade-...

WikiLeaks has published what it calls "the secret draft text for the Trade in Services Agreement (TISA) Financial Services Annex," apparently covering 50 countries and most of the world's trade in services. "The draft Financial Services Annex sets rules which would assist the expansion of financial multinationals — mainly headquartered in New York, London, Paris and Frankfurt — into other nations by preventing regulatory barriers," the website says in a statement. The draft deal is seen as a way to prevent more regulation of financial services, despite calls for tighter regulatory measures that followed the 2007-08 world financial crisis. That market meltdown set the world's biggest banks up against critics who said governments needed to rein them in. The last round of TISA talks took place April 28 to May 2 in Geneva. WikiLeaks also [stated] that the U.S. is "particularly keen on boosting cross-border data flow" and that this would include personal and financial data. During his teleconference, [Assange] urged U.S. Attorney General Eric Holder to end a four-year-long grand jury investigation of Assange and WikiLeaks. "National security reporters are required by their profession to have intimate interactions in order to assess and verify and investigate the nature of the material that they are dealing with," he said. "So I call on Eric Holder today to immediately drop the ongoing national security investigation against WikiLeaks or resign."

Note: Why is this important release getting so little news coverage? For more on this, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.


An expanding Koch network aims to spend $300 million to shape Senate fight and 2016
2014-06-18, Washington Post
http://www.washingtonpost.com/politics/an-expanding-koch-network-aims-to-spen...

The political network backed by the Koch brothers, already spending tens of millions of dollars this year to boost Republicans’ chances of retaking the Senate, is expanding its national playbook as part of a long-term strategy designed to strengthen conservatives heading into the 2016 presidential campaign. The effort, part of an overall budget that organizers expect to total nearly $300 million this year, includes broadening outreach to veterans, viewed as an energized constituency in the wake of the recent Veterans Affairs scandal, and messages tailored for Latinos and young people, long considered core Democratic constituencies. The strategy for 2014 includes a new super PAC that can pour all its money into overt election activity. The plan underscores the huge reach of the Koch-backed operation, a singular force in American politics that has functioned outside the traditional campaign finance system. The Koch-backed network, a coalition of nonprofit organizations not required to disclose their donors, raised $407 million in the 2012 cycle, a presidential election year in which outside spending increased greatly on both sides of the aisle. This year, the network is likely to outstrip other organizations on both the left and the right with spending on television ads and on-the-ground organizing. Its main political organ, the free-market advocacy group Americans for Prosperity, has 240 full-time employees in 32 states, more than double the size of its 2012 staff.

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


Inside the Koch Brothers’ Secret Billionaire Summit
2014-06-17, The Nation
http://www.thenation.com/article/180267/exclusive-behind-koch-brothers-secret...

Charles and David Koch wrapped up their annual summer seminar on June 16. [Their] combined net worth is more than $100 billion, according to the Bloomberg Billionaires Index. The highly secretive mega-donor conference, called “American Courage: Our Commitment to a Free Society,” featured a who’s who of Republican political elites. 300 individuals—worth at least a billion each—were present. The explicit goal was to raise $500 million to take the Senate in the 2014 midterms and another $500 million “to make sure Hillary Clinton is never president.” The Koch network raised an estimated $407 million in the 2012 presidential election, according to an analysis by The Washington Post and the Center for Responsive Politics. Intriguing in its ambiguity was the “Energy: Changing the Narrative” session, presumably meant to change the narrative of climate change to one of energy independence. The Kochs are investing large sums in “a new energy initiative with what looks like a deregulatory, pro-consumer spin” to combat President Obama’s new regulations on carbon dioxide emissions and liberal billionaire Tom Steyer’s $100 million commitment to fight climate change. It is not hard to see why the Kochs, as the owners of a large carbon-based energy conglomerate with interests in oil, natural gas and coal, are some of the most vocal climate deniers. In 2013, Forbes listed Koch Industries as the second largest privately held company in the country. This conclave of billionaires is determined to roll back Obamacare and carbon restrictions. In an America where money equals speech, Koch is king.

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


Study asserts startling numbers of insider trading rogues
2014-06-17, CNBC
http://www.cnbc.com/id/101764568

There is often a tip. Before many big mergers and acquisitions, word leaks out to select investors who seek to covertly trade on the information. Stocks and options move in unusual ways that aren't immediately clear. Then news of the deals crosses the ticker, surprising everyone except for those already in the know. Sometimes the investor is found out and is prosecuted, sometimes not. That's what everyone suspects, though until now the evidence has been largely anecdotal. Now, a groundbreaking new study finally puts what we've instinctively thought into hard numbers — and the truth is worse than we imagined. A quarter of all public company deals may involve some kind of insider trading, according to the study by two professors at the Stern School of Business at New York University and one professor from McGill University. The study, perhaps the most detailed and exhaustive of its kind, examined hundreds of transactions from 1996 through the end of 2012. The professors examined stock option movements — when an investor buys an option to acquire a stock in the future at a set price — as a way of determining whether unusual activity took place in the 30 days before a deal's announcement. The professors are so confident in their findings of pervasive insider trading that they determined statistically that the odds of the trading "arising out of chance" were "about three in a trillion." But, the professors conclude, the Securities and Exchange Commission litigated only "about 4.7 percent of the 1,859 ... deals included in our sample."

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


The Koch Cycle of Endless Cash
2014-06-14, New York Times
http://www.nytimes.com/2014/06/14/opinion/the-koch-cycle-of-endless-cash.html

It’s not enough, apparently, that some of the wealthiest Americans spend millions to elect their candidates to Congress. Now they are using their fortunes to lobby Congress against any limits on their ability to buy elections. Koch Companies Public Sector, part of the industrial group owned by a well-known pair of conservative brothers, has hired a big-name firm to lobby Congress on campaign-finance issues, according to a registration form filed a few weeks ago. The form doesn’t say what those issues are, but there are several bills in the House that would reduce the role of anonymous big money in campaigns, and restrict the kinds of super PACs and nonprofit groups that the Koch brothers and others have inflated with cash. Clearly, it’s vital to the Kochs and others like them to prevent such limits from being enacted; their network raised $400 million in 2012, and it has been extremely active again this year. To that end, they have done something ordinary citizens cannot do: They hired the lobbying firm of a well-known former senator, Don Nickles, Republican of Oklahoma, to press their interests. Mr. Nickles started his firm a few months after leaving the Senate in 2005, and he takes in up to $8 million a year from big firms like Exxon Mobil, General Motors and Walmart. This is a perfect illustration of the cumulative power of cash in today’s Washington. Members of Congress get elected with substantial help from check writers like the Kochs and others. Once there, they do the bidding of former members paid by the Kochs to preserve their business interests and fight off campaign-finance reforms.

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


Guys, Your Smartphone Is Hurting Your Sperm
2014-06-10, Time Magazine
http://time.com/2850594/guys-your-smartphone-is-hurting-your-sperm/

Even while the debate over whether cell phones cause cancer rages on, researchers are starting to explore other potentially harmful effects that the ubiquitous devices may have on our health. Because they emit low-level electromagnetic radiation (EMR), it’s possible that they can disturb normal cell functions and even sleep. And with male infertility on the rise, Fiona Mathews at the University of Exeter, in England, and her colleagues decided to investigate what role cell phones might play in that trend. In their new research, they analyzed 10 previous studies, seven of which involved the study of sperm motility, concentration and viability in the lab, and three that included male patients at fertility clinics. Overall, among the 1,492 samples, exposure-to-cell-phone EMR lowered sperm motility by 8%, and viability by 9%. Exactly how much the cell phones are contributing to lower-quality sperm isn’t clear yet — the researchers note that how long the phones are kept in pockets, as well as how much EMR the phones emit (most are legally required to stay below 2.0 W/kg) are also important things to consider when figuring out an individual’s risk. But the lab-dish studies do show that sperm are affected by the exposure, and that provides enough reason to investigate the possibility that cell phones may be contributing to lower-quality sperm and potentially some cases of infertility.

Note: Remember how for decades the tobacco industry claimed cigarettes caused no harm even while they were hiding studies which proved the opposite. For more on this, see concise summaries of deeply revealing health news articles from reliable major media sources.


IMF chief says banks haven't changed since financial crisis
2014-05-27, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/business/2014/may/27/imf-chief-lagarde-bankers-eth...

The head of the International Monetary Fund, Christine Lagarde, told an audience in London that six years on from the deep financial crisis that engulfed the global economy, banks were resisting reform and still too focused on excessive risk taking to secure their bonuses at the expense of public trust. She said: "The behaviour of the financial sector has not changed fundamentally in a number of dimensions since the crisis. The industry still prizes short-term profit over long-term prudence, today's bonus over tomorrow's relationship. Some prominent firms have even been mired in scandals that violate the most basic ethical norms - Libor and foreign exchange rigging, money laundering, illegal foreclosure." Lagarde warned the too-big-to-fail problem among some of the world's largest financial institutions was still unresolved and remained a major source of systematic risk, with implicit subsidies of $70bn (Ł42bn) in the US, and up to $300bn in the eurozone. Lagarde said international progress to reform the financial system was too slow. Lagarde told [the] conference that rising inequality was also a barrier to growth, and could undermine democracy and human rights. The issue has risen up the agenda in recent months with the publication of the French economist Thomas Piketty's book, Capital in the Twenty-First Century. "One of the leading economic stories of our time is rising income inequality, and the dark shadow it casts across the global economy," Lagarde said.

Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.


Angry mothers meet U.S. EPA over concerns with Roundup herbicide
2014-05-27, Chicago Tribune/Reuters
http://articles.chicagotribune.com/2014-05-27/news/sns-rt-us-monsanto-roundup...

A group of mothers, scientists and environmentalists met with U.S. Environmental Protection Agency regulators on [May 27] over concerns that residues of Roundup, the world's most popular herbicide, had been found in breast milk. The meeting ... followed a five-day phone call blitz of EPA offices by a group called Moms Across America demanding that the EPA pay attention to their demands for a recall of Roundup. "This is a poison and it's in our food. And now they've found it in breast milk," said Zen Honeycutt, founder of Moms Across America. "Numerous studies show serious harm to mammals. We want this toxic treadmill of chemical cocktails in our food to stop." Roundup is an herbicide developed and sold by Monsanto Co. since the 1970s, and used in agriculture and home lawns and gardens. The chief ingredient, glyphosate, is under a standard registration review by the EPA. The agency has set a deadline of 2015 for determining if glyphosate use should continue as is, be limited or halted. Environmentalists, consumer groups and plant scientists from several countries have said in recent years that heavy use of glyphosate is causing problems for plants, people and animals. They say some tests have raised alarms about glyphosate levels found in urine samples and breast milk. In 2011, U.S. government scientists said they detected significant levels of glyphosate in air and water samples. Glyphosate is sprayed on most of the corn and soybean crops in the United States, as well as over sugar beets, canola and other crops.

Note: For further studies showing the grave dangers of Roundup and Glyphosate, see this article.


Europe's Secret Success
2014-05-26, New York Times
http://www.nytimes.com/2014/05/26/opinion/krugman-europes-secret-success.html

European economies, France in particular, get very bad press in America. Our political discourse is dominated by reverse Robin-Hoodism — the belief that economic success depends on being nice to the rich, who won’t create jobs if they are heavily taxed, and nasty to ordinary workers, who won’t accept jobs unless they have no alternative. And according to this ideology, Europe — with its high taxes and generous welfare states — does everything wrong. So Europe’s economic system must be collapsing, and a lot of reporting simply states the postulated collapse as a fact. The reality, however, is very different. Yes, Southern Europe is experiencing an economic crisis thanks to [a money muddle caused by Europe's premature adoption of a single currency]. But Northern European nations, France included, have done far better [than America]. French adults in their prime working years (25 to 54) are substantially more likely to have jobs than their U.S. counterparts. France’s prime-age employment rate overtook America’s early in the Bush administration. Other European nations with big welfare states, like Sweden and the Netherlands, do even better. On the core issue of providing jobs for people who really should be working, at this point old Europe is beating us hands down despite social benefits and regulations that, according to free-market ideologues, should be hugely job-destroying.

Note: For more on the collusion of the US government with financial corporations to maintain their profitability, see the deeply revealing reports from reliable major media sources available here.


Credit Suisse Pleads Guilty to Aiding Tax Evasion
2014-05-20, NBC News/Reuters
http://www.nbcnews.com/id/55216700#.U4CjcHbRl9Q

Credit Suisse has agreed to pay a $2.5 billion fine to authorities in the United States for helping Americans evade taxes, after becoming the largest bank in 20 years to plead guilty to a U.S. criminal charge. Switzerland's second largest bank escaped what could have been the worst outcome for its business - its top management stayed in place and it will not have to hand over client data, protected by Swiss secrecy laws. And the New York state bank regulator decided not to revoke the bank's license in the state. U.S. prosecutors said the bank helped clients deceive U.S. tax authorities by concealing assets in illegal, undeclared bank accounts, in a conspiracy that spanned decades, and in one case began more than a century ago. The Justice Department has not often pursued such convictions of financial companies, especially large ones that could become destabilized following an indictment. Credit Suisse will pay the penalties to the U.S. Department of Justice, the Internal Revenue Service, the Federal Reserve and New York's banking regulator, the New York State Department of Financial Services. It had already paid just under $200 million to the Securities and Exchange Commission. Some analysts said clients and counterparties could pull their business due to the guilty plea. The United States has been trying to wrest client data from Swiss banks in a long-standing fight with Switzerland and its bank secrecy laws. The standoff has already forced Wegelin & Co, the oldest Swiss private bank, to close shop after a guilty plea to charges of helping U.S. clients evade taxes.

Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.


Dr. Andres Carrasco, 67, neuroscientist fought Monsanto over Roundup
2014-05-13, Chicago Sun-Times/Associated Press
http://www.suntimes.com/news/obituaries/27372174-418/dr-andres-carrasco-67-ne...

Dr. Andres Carrasco, an Argentine neuroscientist who challenged pesticide regulators to re-examine one of the world’s most widely used weed killers, has died. He was 67. Dr. Carrasco, a molecular biologist at the University of Buenos Aires and past-president of Argentina’s CONICET science council, was a widely published expert in embryonic development. His 2010 study on glyphosate [became] a major public relations challenge for the ... Monsanto Company. Glyphosate is the key ingredient in Monsanto’s Roundup brand of pesticides, which have combined with genetically modified “Roundup-Ready” plants to dramatically increase the spread of industrial agriculture around the world. [The technology's] spread has increasingly exposed people to glyphosate and other chemicals. Dr. Carrasco, principal investigator at his university’s Cellular Biology and Neuroscience Institute, told The Associated Press in a 2013 interview that he had heard reports of increasing birth defects in farming communities after genetically modified crops were approved for use in Argentina, and so decided to test the impact of glyphosate on frog and chicken embryos in his laboratory. His team’s study, published in the peer-reviewed Chemical Research in Toxicology journal, found that injecting very low doses of glyphosate into embryos can change levels of retinoic acid, causing the same sort of spinal defects that doctors are increasingly registering in communities where farm chemicals are ubiquitous. “If it’s possible to reproduce this in a laboratory, surely what is happening in the field is much worse,” Dr. Carrasco told the AP.

Note: For further studies showing the grave dangers of Roundup and Glyphosate, see this article.


Why both sides of the political aisle are turning against Wall Street
2014-05-07, Christian Science Monitor
http://www.csmonitor.com/Business/Robert-Reich/2014/0507/Why-both-sides-of-th...

More Americans than ever believe the economy is rigged in favor of Wall Street and big business and their enablers in Washington. We’re five years into a so-called recovery that’s been a bonanza for the rich but a bust for the middle class. “The game is rigged and the American people know that. They get it right down to their toes,” says Senator Elizabeth Warren. Which is fueling a new populism on both the left and the right. While still far apart, neo-populists on both sides are bending toward one another and against the establishment. And it’s not only the rhetoric that’s converging. Populists on the right and left are also coming together around six principles: 1. Cut the biggest Wall Street banks down to a size where they’re no longer too big to fail. 2. Resurrect the Glass-Steagall Act, separating investment from commercial banking and thereby preventing companies from gambling with their depositors’ money. 3. End corporate welfare – including subsidies to big oil, big agribusiness, big pharma, Wall Street, and the Ex-Im Bank. 5. Scale back American interventions overseas. 6. Oppose trade agreements crafted by big corporations. Two decades ago Democrats and Republicans enacted the North American Free Trade Agreement. Since then populists in both parties have mounted increasing opposition to such agreements. Left and right-wing populists remain deeply divided over the role of government. Even so, the major fault line in American politics seems to be shifting, from Democrat versus Republican, to populist versus establishment — those who think the game is rigged versus those who do the rigging.

Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.


The Koch Attack on Solar Energy
2014-04-27, New York Times
http://www.nytimes.com/2014/04/27/opinion/sunday/the-koch-attack-on-solar-ene...

At long last, the Koch brothers and their conservative allies in state government have found a new tax they can support. Naturally it’s a tax on something the country needs: solar energy panels. For the last few months, the Kochs and other big polluters have been spending heavily to fight incentives for renewable energy, which have been adopted by most states. They particularly dislike state laws that allow homeowners with solar panels to sell power they don’t need back to electric utilities. So they’ve been pushing legislatures to impose a surtax on this increasingly popular practice, hoping to make installing solar panels on houses less attractive. Oklahoma lawmakers recently approved such a surcharge at the behest of the American Legislative Exchange Council, the conservative group that often dictates bills to Republican statehouses and receives financing from the utility industry and fossil-fuel producers, including the Kochs. [The] group is trying to repeal or freeze Ohio’s requirement that 12.5 percent of the state’s electric power come from renewable sources like solar and wind by 2025. Twenty-nine states have established similar standards that call for 10 percent or more in renewable power. These states can now anticipate well-financed campaigns to eliminate these targets or scale them back. The coal producers’ motivation is clear: They see solar and wind energy as a long-term threat to their businesses.

Note: For more on the growth of the solar energy industry, see the deeply revealing reports from reliable major media sources available here.


Elizabeth Warren’s ‘A Fighting Chance’: An exclusive excerpt on the foreclosure crisis
2014-04-26, Boston Globe
http://www.bostonglobe.com/magazine/2014/04/26/elizabeth-warren-new-memoir-ex...

In fall 2009, Secretary Timothy Geithner invited people working on TARP oversight to a meeting. After we had listened to the secretary go on and on about his department’s cheery projections for recovery, I finally interrupted with a question about a new topic. Why, I asked, had Treasury’s response to the flood of foreclosures been so small? The Congressional Oversight Panel had been sharply critical of Treasury’s foreclosure plan. We thought that the program was poorly designed and poorly managed and provided little permanent help, and we worried that it would reach too few people to make any real difference. The secretary ... quickly launched into a general discussion of his approach to dealing with foreclosures, rehashing the plan that the Congressional Oversight Panel had already reviewed. Next, he explained why Treasury’s efforts were perfectly adequate. Then he hit his key point: The banks could manage only so many foreclosures at a time, and Treasury wanted to slow down the pace so the banks wouldn’t be overwhelmed. And this was where the new foreclosure program came in: It was just big enough to “foam the runway” for them. There it was: The Treasury foreclosure program was intended to foam the runway to protect against a crash landing by the banks. Millions of people were getting tossed out on the street, but the secretary of the Treasury believed the government’s most important job was to provide a soft landing for the tender fannies of the banks.

Note: Adapted from A Fighting Chance by Elizabeth Warren. For more on the government's collusion with the big banks before, during and after the 2008 financial crisis brought about by fraudulent mortgage sales, see the deeply revealing reports from reliable major media sources available here.


F.C.C., in a Shift, Backs Fast Lanes for Web Traffic
2014-04-24, New York Times
http://www.nytimes.com/2014/04/24/technology/fcc-new-net-neutrality-rules.html

The principle that all Internet content should be treated equally as it flows through cables and pipes to consumers looks all but dead. The Federal Communications Commission said on [April 23] that it would propose new rules that allow companies like Disney, Google or Netflix to pay Internet service providers like Comcast and Verizon for special, faster lanes to send video and other content to their customers. The proposed changes would affect what is known as net neutrality — the idea that no providers of legal Internet content should face discrimination in providing offerings to consumers, and that users should have equal access to see any legal content they choose. The proposal comes three months after a federal appeals court struck down, for the second time, agency rules intended to guarantee a free and open Internet. The regulations could radically reshape how Internet content is delivered to consumers. The rules are also likely to eventually raise prices as the likes of Disney and Netflix pass on to customers whatever they pay for the speedier lanes, which are the digital equivalent of an uncongested car pool lane on a busy freeway. Consumer groups immediately attacked the proposal, saying that not only would costs rise, but also that big, rich companies with the money to pay large fees to Internet service providers would be favored over small start-ups with innovative business models.

Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available 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.