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.
If you were freaked out by the news in June that an anesthesiologist had talked trash about her patient while he was unconscious on the table in front of her, you'd better brace yourself. There's more and it's ... much worse. In an anonymous essay published in the Annals of Internal Medicine this week, one physician describes — in graphic detail — what happened to two women when they were asleep in operating rooms. The stories are horrifying. "I bet she's enjoying this," one doctor reportedly said while prepping a woman for a vaginal hysterectomy. In another case, an obstetrician performed an obscene dance after saving the life of a woman who was bleeding out after having a baby. In a letter accompanying the essay, the editorial team agonized over whether to publish the piece. Everyone agreed that [it] was "disgusting and scandalous" and could damage the profession's reputation. But some argued that this was why they shouldn't publish it while others felt that was why they should publish it. In the end they said they decided to do so in order to "expose medicine's dark underbelly." They said the first incident "reeked of misogyny and disrespect — the second reeked of all that plus heavy overtones of sexual assault and racism." The journal's editors ... hope that medical educators and others will use the essay as a "jumping-off point for discussions that explore the reasons why physicians sometimes behave badly. If the essay squelches such behavior even once, then it was well worth publishing," they wrote.
Note: For more along these lines, see concise summaries of deeply revealing medical industry news articles from reliable major media sources.
The National Security Agency’s ability to spy on vast quantities of Internet traffic passing through the United States has relied on its extraordinary, decades-long partnership with a single company: the telecom giant AT&T. The N.S.A.’s top-secret budget in 2013 for the AT&T partnership was more than twice that of the next-largest such program, [and] the company installed surveillance equipment in at least 17 of its Internet hubs on American soil, far more than its similarly sized competitor, Verizon. After the terrorist attacks of Sept. 11, 2001, AT&T ... began turning over emails and phone calls “within days” after the warrantless surveillance began in October 2001. In 2011, AT&T began handing over 1.1 billion domestic cellphone calling records a day to the N.S.A. after “a push to get this flow operational prior to the 10th anniversary of 9/11,” according to an internal agency newsletter. In a 2006 lawsuit, a retired AT&T technician named Mark Klein claimed that ... he had seen a secret room in a company building in San Francisco where the N.S.A. had installed equipment. Mr. Klein claimed that AT&T was providing the N.S.A. with access to Internet traffic that AT&T transmits for other telecom companies. Such cooperative arrangements, known in the industry as “peering,” mean that communications from customers of other companies could end up on AT&T’s network.
Note: The story of Klein's lawsuit was initially suppressed by the NSA and major media including the L.A. Times. For more along these lines, see concise summaries of deeply revealing news articles about questionable intelligence agency practices and the erosion of privacy.
Since HPV vaccines were introduced seven years ago, it has been assumed that they would prevent cervical cancer. But the vaccines have never been shown to prevent any cancer. It has also been assumed for seven years that the vaccine is safe. Yet there have been thousands of adverse event reports. The CDC itself admits there are three times as many adverse events for the HPV vaccine Gardasil as there are for all other vaccines combined. Compared to all other vaccines in the U.S. schedule, Gardasil alone is associated with 61 percent of all serious adverse events, including 63.8 percent of all deaths and 81.2 percent of all permanent disabilities in females under 30 years of age. Japan, India and France have removed HPV vaccines from their recommended list due to safety and efficacy concerns. The Health, Welfare and Labor Ministry of Japan also conducted a national investigation regarding post HPV vaccine injuries, [which] concluded that the harm experienced by women taking the vaccine is overwhelmingly greater than any expected benefits. Prompted by medical reports of post-HPV vaccination arrhythmia and motor neuron disabilities in children in Denmark, the European Medicines Agency is conducting an investigation of HPV injection adverse events. Lawsuits for HPV injuries and deaths have also been filed in Spain, France and Columbia.
Note: Read an article showing that several countries have filed lawsuits claiming damage from the HPV vaccine. For more along these lines, see concise summaries of deeply revealing vaccine controversy news articles from reliable major media sources.
One of the biggest corruption scandals to hit America's juvenile justice system began unfolding in 2007, when parents in a central Pennsylvania county began to complain that their children had been tossed into for-profit youth centers without a lawyer to represent them. The kickback scheme, known as "kids for cash," has resulted in prison terms for two Luzerne County judges and two businessmen. Convictions of thousands of juveniles have been tossed out. Now the case is entering its final chapter: a few remaining class action lawsuits. One of those claims drew to a close ... when a federal judge signed off on a settlement in which one of the businessmen, Robert Powell, would pay $4.75 million. Powell, who co-owned two private juvenile justice facilities, served an 18-month prison term after admitting to paying hundreds of thousands of dollars in bribes to former ... Judge Mark Ciavarella Jr. and his boss, Judge Michael Conahan. In return, Ciavarella routinely found children guilty and sent them to Powell's facilities. Ciavarella was convicted in 2011 of racketeering and other charges, and sentenced to 28 years in prison. Conahan, a friend of Powell's who oversaw the scam, pleaded guilty to racketeering and was sentenced to more than 17 years behind bars. A fourth conspirator ... pleaded guilty for his part in the plot and was sentenced to a year in prison.
Note: More than 5,000 kids were exposed to a court that jailed them for profit in this conspiracy involving just a handful of corrupt officials. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and civil liberties.
DuPont: “one of the most successful and sustained industrial enterprises in the world,” as its corporate website puts it. Perhaps no product is as responsible for its dominance as Teflon. For more than 60 years C8 was an essential ingredient of Teflon. As part of a 2005 settlement over contamination around a West Virginia plant, a team of three scientists ... were charged with determining if and how the chemical affects people. The science panel found that C8 was “more likely than not” linked to ulcerative colitis - as well as to high cholesterol; pregnancy-induced hypertension; thyroid disease; testicular cancer; and kidney cancer. The scientists’ findings, published in more than three dozen peer-reviewed articles, were striking, because the chemical’s effects were so widespread throughout the body and because even very low exposure levels were associated with health effects. DuPont scientists had closely studied the chemical for decades and through their own research knew about some of the dangers it posed. Yet rather than inform workers, people living near the plant, the general public, or government agencies responsible for regulating chemicals, DuPont repeatedly kept its knowledge secret. Another revelation about C8 makes all of this more disturbing: This deadly chemical that DuPont continued to use well after it knew it was linked to health problems is now practically everywhere. A man-made compound that didn’t exist a century ago, C8 is in the blood of 99.7 percent of Americans.
Note: For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
A safe that tallies the cash that is placed in it. A sniper rifle equipped with advanced computer technology for improved accuracy. A car that lets you stream music from the Internet. All of these innovations sound great, until you learn the risks that this type of connectivity carries. Recently, two security researchers, sitting on a couch and armed only with laptops, remotely took over a Chrysler Jeep Cherokee speeding along the highway ... while a Wired reporter was driving. A hacked car is a high-profile example of what can go wrong with the coming Internet of Things — objects equipped with software and connected to digital networks. The selling point ... is added convenience and better safety. In reality, it is a ... train wreck in privacy and security. That smart safe? Hackers can empty it with a single USB stick while erasing all [evidence] of their crime. That high-tech rifle? Researchers managed to remotely manipulate its target selection without the shooter’s knowing. The Internet of Things is also a privacy nightmare. Databases that already have too much information about us will now be bursting with data on the places we’ve driven, the food we’ve purchased and more. Last week, at Def Con, the annual information security conference, researchers set up an Internet of Things Village to show how they could hack everyday objects like baby monitors, thermostats and security cameras. Connecting everyday objects introduces new risks if done at mass scale. Once a hacker is in - she's in everywhere.
Note: Read how a hacked vehicle may have resulted in journalist Michael Hastings' death in 2013. The networked computerization of everyday objects means that these objects can spy on you, accelerating the disappearance of privacy in the name of convenience. What will happen when the "internet of things" expands to include microchip implants in people?
The Securities and Exchange Commission just ruled that large publicly held corporations must disclose the ratios of the pay of their top CEOs to the pay of their median workers. About time. In 1965, CEOs of America's largest corporations were paid, on average, 20 times the pay of average workers. Now, the ratio is over 300 to 1. It turns out the higher the CEO pay, the worse the firm does. Professor Michael J. Cooper of the University of Utah [and colleagues] recently found that companies with the highest-paid CEOs returned about 10 percent less to their shareholders than do their industry peers. So why aren't shareholders hollering about CEO pay? Because corporate law in the United States gives shareholders at most an advisory role. They can holler all they want, but CEOs don't have to listen. Larry Ellison, the CEO of Oracle, received a pay package in 2013 valued at $78.4 million, a sum so stunning that Oracle shareholders rejected it. That made no difference because Ellison controlled the board. In Australia, by contrast, shareholders have the right to force an entire corporate board to stand for re-election if 25 percent or more of a company's shareholders vote against a CEO pay plan two years in a row. Which is why Australian CEOs are paid an average of only 70 times the pay of the typical Australian worker. The new SEC rule requiring disclosure of pay ratios ... isn't perfect. Some corporations could try to game it. But the rule marks an important start.
Note: The above article was written by former U.S. Secretary of Labor Robert Reich. For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.
Coca-Cola, the world’s largest producer of sugary beverages, is backing a new “science-based” solution to the obesity crisis: To maintain a healthy weight, get more exercise and worry less about cutting calories. Health experts say this message is misleading and part of an effort by Coke to deflect criticism about the role sugary drinks have played in the spread of obesity and Type 2 diabetes, [and] convince the public that physical activity can offset a bad diet despite evidence that exercise has only minimal impact on weight compared with what people consume. “Coca-Cola’s sales are slipping, and there’s this huge political and public backlash against soda, with every major city trying to do something to curb consumption,” said Michele Simon, a public health lawyer. “This is a direct response.” Coke’s [campaign] is not the only example of corporate-funded research and advocacy to come under fire lately. The American Society for Nutrition and the Academy of Nutrition and Dietetics have been criticized by public health advocates for forming partnerships with companies such as Kraft Foods, McDonald’s, PepsiCo and Hershey’s. Dietitians have also faced criticism for taking payments from Coke to present the company’s soda as a healthy snack. A recent analysis of beverage studies ... found that those funded by Coca-Cola, PepsiCo, the American Beverage Association and the sugar industry were five times more likely to find no link between sugary drinks and weight gain than studies whose authors reported no financial conflicts.
Former City trader Tom Hayes has been found guilty at a London court of rigging global Libor interest rates. He was sentenced to 14 years in prison for conspiracy to defraud. The 35-year old is the first individual to face a jury trial for manipulating the rate, which is used as a benchmark for trillions of pounds of global borrowing and lending. Many of the world's leading banks have paid heavy financial penalties for tampering with the key benchmark. The case was brought by the Serious Fraud Office, which said Hayes set up a network of brokers and traders spanning 10 financial institutions and cajoled or bribed them to help rig Libor rates for profit. During the trial, jurors were told that Hayes promised to pay a broker up to $100,000 to keep the Libor rate "as low as possible". Defence barrister Neil Hawes asked the judge to take into account the prevalence of Libor manipulation at the time, and also that ... managers and senior managers at Hayes' bank knew of, and in some cases condoned, Libor manipulation. Hayes ... rigged the Libor rates daily for nearly four years while working in Tokyo for UBS, then Citigroup, from 2006 until 2010. Rigging even minor movements in the rate can result in bumper profits for a trader manipulating the rates, or the rate can be moved simply to make a bank look more creditworthy.
Note: Why aren't we hearing about the many other high-level bankers who rigged the Libor rate? For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.
When police officers shoot people under questionable circumstances, Dr. Lewinski is often there to defend their actions. He has testified in or consulted in nearly 200 cases over the last decade. His conclusions are consistent: The officer acted appropriately, even when shooting an unarmed person. Even when shooting someone in the back. Even when witness testimony, forensic evidence or video footage contradicts the officer’s story. He has appeared as an expert witness in criminal trials, civil cases and disciplinary hearings, and before grand juries. In addition, his company, the Force Science Institute, has trained tens of thousands of police officers. His research has been roundly criticized by experts. An editor for The American Journal of Psychology called his work “pseudoscience.” The Justice Department denounced his findings as “lacking in both foundation and reliability.” Civil rights lawyers say he is selling dangerous ideas. In the protests that have followed police shootings, demonstrators have often asked why officers are so rarely punished for shootings that seem unwarranted. Dr. Lewinski is part of the answer. In testimony on the stand, for which he charges nearly $1,000 an hour, he ... sprinkles scientific explanations with sports analogies. Dr. Lewinski and his company have provided training for dozens of departments. His messages often conflict, in both substance and tone, with the training now recommended by the Justice Department and police organizations.
Note: An article in the UK's Guardian newspaper, titled The Uncounted, describes why the U.S. government claims it is unable to keep track of killings by police, but does not mention that police shootings rise as crime falls. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
The use of GMOs is controversial. There is debate in the scientific community as to whether the consumption of GMO foods hurts people directly. But there is no denying that GMOs result in vastly more herbicide (such as Roundup, a top weed killer) being dumped on food crops, and that glyphosphate (the active ingredient in Roundup) probably causes cancer in the quantities used. Other Roundup ingredients are suspect as well. Those who oppose GMOs don't have the upper hand in Congress and so they ... seek to establish a uniform labeling system so that food producers clearly identify whether their products have GMOs or not. Labeling is very popular among American consumers: In multiple polls conducted over the years by many different firms, about 90 percent of Americans consistently support mandatory labeling. Mandatory labeling initiatives are in play in many states, and have passed in three (Maine, Vermont and Connecticut). But Big Ag is spending heavily to block these efforts. The House and Senate are listening to Big Ag rather than to American consumers. The House recently passed a bill that gives the appearance of supporting GMO disclosure while doing the opposite. The bill, H.R. 1599, carries a brilliantly deceptive name that would make George Orwell proud. Called the "Safe and Accurate Food Labeling Act of 2014" the bill would reinforce the current voluntary disclosure system but would prohibit individual states and counties from enacting more stringent legislation. The detractors have branded this bill the "DARK Act" as in "Deny Americans the Right to Know"."
Note: For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.
The United Nations has spent half a billion dollars on contracts with a Russian aviation company since discovering one of its helicopter crews in the Democratic Republic of the Congo drugged and raped a teenage girl in a sexual attack. The girl was dumped naked and unconscious inside the helicopter base. Internal UN documents, marked “strictly confidential” and leaked to the Guardian, reveal how the UN’s internal complaints unit uncovered evidence the woman was abused ... by the manager in charge of UTair’s base in Kalemie, eastern DRC. The main investigative report, from March 2011, warned of a possible “culture of sexual exploitation and abuse” at UTair. Copies of that report were circulated among top officials at the UN. The company was permitted to continue doing business with the UN on the condition it introduce a new training regime overseen by a monitor. The disclosures come at a critical moment for the UN secretary general, who has struggled to contain the fallout from recent revelations concerning the sexual abuse of children by French and other peacekeeping troops in the neighbouring Central African Republic. “It wasn’t just one or two bad apples,” said a senior UN official familiar with the report and its fallout. “It was clear the problems of sexual exploitation were wider.” In total, the company ... has been granted contracts worth $543.3m for services provided in 11 countries since the UN became aware it had a problem with sexual exploitation.
Note: Watch powerful evidence in a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles on sex abuse scandals from reliable major media sources.
As complaints grow about exorbitant drug prices, pharmaceutical companies are coming under pressure to disclose the development costs and profits of those medicines and the rationale for charging what they do. So-called pharmaceutical cost transparency bills have been introduced in at least six state legislatures in the last year, aiming to make drug companies justify their prices, which are often attributed to high research and development costs. “If a prescription drug demands an outrageous price tag, the public, insurers and federal, state and local governments should have access to the information that supposedly justifies the cost,” says the preamble of a bill introduced in the New York State Senate in May. In an article being published Thursday, more than 100 prominent oncologists called for support of a grass-roots movement to stem the rapid increases of prices of cancer drugs, including by letting Medicare negotiate prices with pharmaceutical companies and letting patients import less expensive medicines from Canada. “There is no relief in sight because drug companies keep challenging the market with even higher prices,” the doctors wrote in the journal Mayo Clinic Proceedings. Pressure is mounting from elsewhere as well. The top Republican and Democrat on the United States Senate Finance Committee last year demanded detailed cost data from Gilead Sciences, whose hepatitis C drugs, which cost $1,000 a pill or more, have strained the budgets of state and federal health programs.
Note: For more along these lines, see concise summaries of deeply revealing news articles about big pharma profiteering from reliable major media sources.
There are constitutional requirements for providing adequate health care to our incarcerated populations. In 1976, the U.S. Supreme Court decided in Estelle v. Gamble that “deliberate indifference to serious medical needs of prisoners constitutes the ‘unnecessary and wanton infliction of pain’ ... proscribed by the Eighth Amendment.” In 1993, in Helling v. McKinney, the court decided that prison officials cannot expose inmates to environments that “pose an unreasonable risk of serious damage” to their future health. Since then, however, frequent reports and lawsuits ... strongly suggest that many U.S. prisons and jails have ignored these rulings. Allegations of subpar care in Arizona provide a good example of how correctional health care dysfunction puts cancer patients at extreme risk. In March 2012, the ACLU and allied prisoners’ rights groups filed a lawsuit against the Arizona Department of Corrections (ADC) and several state officials [that] points to several cases of what it describes as poorly treated, or untreated, cancer. The American Friends Service Committee-Arizona released a report in October 2013 [which] found that some 105 prisoners died in custody from March 2012 to June 2013. The AFSC studied 14 deaths in depth. Six involved metastatic cancers. “This clearly indicates that the conditions were long-standing and suggests that these deaths might have been preventable had the individuals received more timely care,” the report charges.
Note: In 2013, the ADC terminated its contract with prison health contractor Wexford. A billion dollar company named Corizon then got the lucrative contract. According to the New York Times, inmate deaths increase at Corizon-serviced facilities. For more along these lines, see concise summaries of deeply revealing news articles about the corrupt prison industry.
"An Open Secret" is an unsettling look at pedophilia in Hollywood. The film's distillation of firsthand testimony and archival material has haunting implications. Amid the sickening recollections of victims and the even more sickening justifications of abusers, alleged and convicted, a picture emerges of a business devoid of oversight, where starry-eyed kids and trusting parents are easy prey. The [documentary by Amy Berg] advocates for transparency and an active watchdog apparatus, and it points to instances where convicted child molesters continue to work with children in the industry. Mainly, the film explores the shadows where managers, agents, producers and other power players take their predatory bonding with boys to criminal extremes. Five young men step forward to share their accusations of abuse. One of them, Michael Egan, filed headline-making allegations against Hollywood figures in 2014 — claims that he later dropped, an outcome that changed the trajectory of the film. However, an ongoing dispute between Berg and performers' union SAG-AFTRA, which threatened legal action over references to it, doesn't appear to have affected the finished product. With a healthy sense of outrage, it illuminates a long-standing culture in which lines of moral responsibility are blurred and accountability is all but nil.
Note: Don't miss this incredible film which follows five boys and their families who were gradually ensnared by a secret Hollywood pedophile ring which ruins their lives. It is available for free viewing on this webpage. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
Hydraulic fracturing uses a host of highly toxic chemicals that could be contaminating drinking water supplies, wildlife and crops, according to a report released Thursday by a California science panel. The long-awaited final assessment from the California Council on Science and Technology said that because of data gaps and inadequate state testing, overwhelmed regulatory agencies do not have a complete picture of what oil companies are doing. The risks and hazards associated with about two-thirds of the additives used in fracking are not clear, and the toxicity of more than half, the report concluded, remains “uninvestigated, unmeasured and unknown. Basic information about how these chemicals would move through the environment does not exist.” Seth Shonkoff, lead author on the public health sections of the report, said he was surprised to learn during his research that recycled wastewater from oil fields was being used on crops. “We've got to know what to test for ... to know that what we are putting onto the crops is safe,” he said. “Until we have that data, I don't know how we can assure farmers and consumers that their food is safe.” Among the findings of the report: Oil operations in federal waters offshore are discharging wastewater directly into the ocean, against EPA regulations, more than half the produced water from fracked wells is disposed of in unlined pits, [and] about one-third of the oil field wastewater pits in the Central Valley are operating without proper permits.
Note: For more along these lines, read this Los Angeles Times article about how fracking poisons drinking water, and see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
A court has heard that manipulating Libor rates was so commonplace an offer of a Mars bar could get it changed. Tom Hayes, who worked for UBS and Citigroup ... is the first person to face a jury trial for manipulating the key interest rate, used to set trillions of pounds of investments. The court was shown ... transcripts of exchanges between traders using UBS's internal messaging system. The conversations all related to moving Libor rates, said Mr Hayes, to assist the traders' and banks' commercial interests, something he said he found it hard to see as wrong. In one chat, Mr Hayes suggests the market is rife with dealers attempting to influence rates: "Very, very hard to price stuff with the fixes so manipulated and inconsistent." His correspondent replies: "The fixes are manipulated?" "Yes, of course they are," says Mr Hayes. "Just give the cash desk a Mars bar and they'll set wherever you want." He has alleged throughout his trial that ... senior managers, even the chief executive of the bank, knew all about it. He said he was "shocked" when his manager phoned him asking him not to mention Libor rate-setting in any emails. The court was also shown an email exchange between senior management appearing to show they had reservations about Mr Hayes. "Personally I find it embarrassing when he calls up his mates to ask for favours on high/low fixings. What's the legal risk to UBS asking others to manipulate rates?" The Libor scandal has seen a number of the world's leading banks fined for manipulating rates.
Note: For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.
Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. Holder will reassume his lucrative partnership (he made $2.5 million the last year he worked there) and take his seat in an office that reportedly was kept empty for him in his absence. At issue is the extraordinary run Holder just completed as one of history's great double agents. For six years, while brilliantly disguised as the attorney general of the United States, he was actually working deep undercover ... as the best defense lawyer Wall Street ever had. After six years of letting one banker after another skate on monstrous cases of fraud, tax evasion, market manipulation, money laundering, bribery and other offenses [by] handing out soft-touch settlements to practically every Too Big to Fail bank in the world, [Holder] returns to a firm that represents many of those same companies: Morgan Stanley, Wells Fargo, Chase, Bank of America and Citigroup, to name a few. Going by the massive rises in share price observed after he handed out these deals, his service was certainly worth many billions of dollars to Wall Street. Now he will presumably collect assloads of money from those very same bankers. It's one of the biggest quid pro quo deals in the history of government service. Holder ... institutionalized a radical dualistic approach to criminal justice, essentially creating a system of indulgences wherein the world's richest companies paid cash for their sins and escaped the sterner punishments the law dictated.
Note: The revolving door between Wall Street and government officials is well known. But in Holder's case, the corporate door remained wide open throughout his time as a public servant. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.
JPMorgan Chase has agreed to pay at least $125 million to settle probes by U.S. state and federal authorities that the bank sought to improperly collect and sell consumer credit card debt. The settlement also includes about $50 million in restitution. The nation's largest bank has been accused of ... going after consumers for debts they may not have owed and for providing inaccurate information to debt buyers. The U.S. Consumer Financial Protection Bureau (CFPB), 47 states and the District of Columbia are expected to announce the settlements as soon as Wednesday. Mississippi and California are not expected to settle at the same time. Both have lawsuits pending against JPMorgan over debt collection practices. California Attorney General Kamala Harris sued in 2013, claiming the bank engaged in fraudulent and unlawful debt collection practices against 100,000 California credit card borrowers over some three years. The state claims the bank flooded state courts with questionable lawsuits, filing thousands every month, including 469 such lawsuits in one day alone. Mississippi Attorney General Jim Hood's lawsuit filed a similar lawsuit against JPMorgan in 2013. In September 2013, the U.S. Consumer Financial Protection Bureau ordered JPMorgan to refund $309 million to about 2 million customers for illegal credit card practices, including charging consumers for credit card monitoring services they did not receive.
Note: Read how JPMorgan Chase uses settlements like the ones described above to hide criminal wrongdoing while actually making money in "The $9 Billion Witness". For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.
A report by the Environmental Protection Agency (EPA) last month found that hydraulic fracturing for oil and gas can lead, and has led, to the contamination of drinking water. It was the first time the federal government had admitted such a link. But Gretchen Goldman, a lead analyst at the Center for Science and Democracy at the Union for Concerned Scientists, told the Guardian that the EPA’s study – which is now open for comment – was nothing “more than a literature review” and called for the industry to be required to divulge greater data. Goldman says the EPA backed down from its initial promise to undertake prospective studies, which would have involved following a well site and testing its waters before, during and after fracking activities had begun. Such a study would have shed objective light on the fracking process and pushed scientific knowledge forward, she says. Even when companies were forced to share information through state regulations, they were still allowed to withhold ... the identity and mixture of chemicals that are injected into the ground through wells, together with water, at high intensity to fracture underground rocks and release oil or gas. In 2005 lobbying efforts by the oil and gas industry proved successful, with hydraulic fracturing activities exempted from certain sections of the Safe Drinking Water Act, including permit application.
Note: For more along these lines, read this Los Angeles Times article about how fracking poisons drinking water, and see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
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.