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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.


Iceland convicts bad bankers and says other nations can act
2015-02-12, CNBC/Reuters
http://www.cnbc.com/2015/02/12/iceland-convicts-bad-bankers-and-says-other-na...

Iceland's government appointed a special prosecutor to investigate its bankers after the world's financial systems were rocked by the discovery of huge debts and widespread poor corporate governance. "This ... sends a strong message that will wake up discussion," special prosecutor Olafur Hauksson told Reuters. "It shows that these financial cases may be hard, but they can also produce results." The country's efforts contrast with the United States and particularly Europe, where though some banks have been fined, few executives have been tried and voters suffering post-crisis austerity conditions feel bankers got off lightly. Iceland struggled initially to appoint a special prosecutor. Hauksson ... was encouraged to put in for the job after the initial advertisement drew no applications. Icelandic lower courts have convicted the chief executives of all three of its largest banks for their responsibility in [the] crisis. They also convicted former chief executives of two other major banks, Glitnir and Landsbanki, for charges ranging from fraud and market manipulation. Many Icelanders have been frustrated that justice has been slow. The prosecutors' office has been hit by budget cuts since it was set up. But Hauksson believes the existing rulings mean there is less chance of similar scandals in the future. "There is some indication that the banks are more cautious," he said. Asked whether he would take the job again ... Hauksson replied, laughing: "Yes. And I'd probably be the only applicant again."

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


HSBC files show how Swiss bank helped clients dodge taxes and hide millions
2015-02-08, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/business/2015/feb/08/hsbc-files-expose-swiss-bank-...

HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a huge cache of leaked secret bank account files. HSBC was headed during the period covered in the files by Stephen Green – now Lord Green – who served as the global bank’s chief executive, then group chairman until 2010 when he left to become a trade minister in the House of Lords for David Cameron’s new government. The files show how HSBC in Switzerland keenly marketed tax avoidance strategies to its wealthy clients. The bank proactively contacted clients in 2005 to suggest ways to avoid a new tax levied on the Swiss savings accounts of EU citizens, a measure brought in through a treaty between Switzerland and the EU to tackle secret offshore accounts. The documents also show HSBC’s Swiss subsidiary providing banking services to relatives of dictators, people implicated in African corruption scandals, arms industry figures and others. HSBC is already facing criminal investigations and charges in France, Belgium, the US and Argentina as a result of the leak of the files, but no legal action has been taken against it in Britain.

Note: Read lots more excellent information in a Rolling Stone article by Matt Taibbi. US Senator Elizabeth Warren is working hard to bring justice in this case. HSBC was founded to service the international drug trade following the 19th century opium war, and continues to launder money for drug cartels and terrorists on a massive scale. Now we learn that HSBC also provides financial services related to conflict diamonds, weapons trafficking, political corruption, and other organized criminal activities. Perhaps these criminal bankers are tolerated because the global economy might collapse without their cash.


Stream of Foreign Wealth Flows to Elite New York Real Estate
2015-02-07, New York Times
http://www.nytimes.com/2015/02/08/nyregion/stream-of-foreign-wealth-flows-to-...

Behind the dark glass towers of the Time Warner Center ... a majority of owners have taken steps to keep their identities hidden, registering condos in trusts, limited liability companies or other entities that shield their names. By piercing the secrecy of more than 200 shell companies, The New York Times documented a decade of ownership in this iconic Manhattan way station for global money, [and] found a growing proportion of wealthy foreigners, at least 16 of whom have been the subject of government inquiries around the world. The cases range from housing and environmental violations to financial fraud. Four owners have been arrested, and another four have been the subject of fines or penalties for illegal activities. They have been able to make these multimillion-dollar [real estate] purchases with few questions asked because of United States laws that foster the movement of largely untraceable money through shell companies. Vast sums are flowing unchecked around the world as never before — whether motivated by corruption, tax avoidance or investment strategy, and enabled by an ever-more-borderless economy and a proliferation of ways to move and hide assets. The high-end real estate market has become less and less transparent — and more alluring for those abroad with assets they wish to keep anonymous — even as the United States pushes other nations to help stanch the flow of American money leaving the country to avoid taxes.

Note: The New York Times investigation at the above link provides a comprehensive look at the international crime and political corruption at the heart of Manhattan's spiking real estate prices.


Why does Obama keep trade deal details secret?
2015-02-05, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/opinion/article/Why-does-Obama-keep-trade-deal-details-...

The trade rules of the proposed Trans-Pacific Partnership ... would cover nearly 40 percent of the world economy. Access to the text of the proposed deal is highly restricted. At last month’s World Economic Forum in Switzerland, U.S. Trade Representative Michael Froman defended the ... refusal to release the full text of the proposed trade pact. “It is incomprehensible to me that leaders of major corporate interests who stand to gain enormous financial benefits from this agreement are actively involved in the writing of the TPP, while at the same time, the elected officials of this country, representing the American people, have little or no knowledge of what’s in it,” wrote Sen. Bernie Sanders, independent-Vt., in a letter to Froman last month. Congressional lawmakers are permitted to view the text of the agreement only in the U.S. trade representative’s office, without their own staff members or experts present. They are not allowed to take copies of the agreement back to Capitol Hill for deeper, independent evaluation. Despite those restrictions, specific details of the agreement’s text have surfaced from unauthorized leaks. One of the leaks showed the U.S. proposing to empower corporations to attempt to overturn domestic regulations, while ... another leaked provision would help the pharmaceutical industry inflate the price of medicines.

Note: For more, watch an excellent, two-minute video by former U.S. Secretary of Labor Robert Reich on the TPP titled "The Worst Trade Deal You've Never Heard of," or read leaked draft texts of the Trans-Pacific Partnership for yourself.


'Suppressed' EU report could have banned pesticides worth billions
2015-02-02, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/environment/2015/feb/02/suppressed-eu-report-could...

As many as 31 pesticides with a value running into billions of pounds could have been banned because of potential health risks, if a blocked EU paper on hormone-mimicking chemicals had been acted upon. The science paper, seen by the Guardian, recommends ways of identifying and categorising the endocrine-disrupting chemicals (EDCs) that scientists link to a rise in foetal abnormalities, genital mutations, infertility, and adverse health effects ranging from cancer to IQ loss. Commission sources say that the paper was buried by top EU officials under pressure from big chemical firms which use EDCs in toiletries, plastics and cosmetics, despite an annual health cost that studies peg at hundreds of millions of euros. The unpublished EU paper ... was supposed to have enabled EU bans of hazardous substances to take place last year. Under pressure from major chemical industry players, such as Bayer and BASF, the criteria were blocked. In their place, less stringent options emerged. Last month, 11 MEPs complained in a cross-party letter to the health and food safety commissioner, Vytenis Andriukaitis, about the EU’s failure to honour its mandate and adopt the EDC criteria. This was supposed to have happened by the end of 2013. In place of the proposed identification of hormone-mimicking compounds, the EU’s current roadmap favours industry-supported options for potency-based measurements of EDCs. These would set thresholds, below which exposure to low-potency EDCs would be deemed safe.

Note: One key study estimates that as few as zero endocrine-disrupting pesticides will be withdrawn from the EU market as a result of this profit-driven manipulation of policy. For more along these lines, see concise summaries of deeply revealing articles about corporate and government corruption from reliable major media sources.


Don't Trade Away Our Health
2015-01-30, New York Times
http://www.nytimes.com/2015/01/31/opinion/dont-trade-away-our-health.html?_r=0

A secretive group met behind closed doors in New York this week. What they decided may lead to higher drug prices for you and hundreds of millions around the world. Representatives from the United States and 11 other Pacific Rim countries convened to decide the future of their trade relations in the so-called Trans-Pacific Partnership (T.P.P.). Powerful companies appear to have been given influence over the proceedings, even as full access is withheld from many government officials from the partnership countries. Among the topics negotiators have considered are some of the most contentious T.P.P. provisions — those relating to intellectual property rights. These rules could help big pharmaceutical companies maintain or increase their monopoly profits on brand-name drugs [and] block cheaper generic drugs from the market. Big Pharma’s profits would rise, at the expense of the health of patients and the budgets of consumers and governments. Of course, pharmaceutical companies claim they need to charge high prices to fund their research and development. This just isn’t so. For one thing, drug companies spend more on marketing and advertising than on new ideas. Overly restrictive intellectual property rights actually slow new discoveries. As it is, most of the important innovations come out of our universities and research centers, like the National Institutes of Health, funded by government and foundations.

Note: Read what a former editor-in-chief of the New England Journal of Health has to say about the egregious profiteering of Big Pharma. Watch an excellent, two-minute video by former U.S. Secretary of Labor Robert Reich on the TPP titled "The Worst Trade Deal You've Never Heard of," or read leaked draft texts of the Trans-Pacific Partnership for yourself.


McDonald’s fries in the US have way more ingredients than UK fries
2015-01-26, Fox News
http://www.foxnews.com/leisure/2015/01/26/mcdonalds-fries-in-us-have-more-ing...

McDonald’s is really trying to be more transparent about what goes into their food. Mythbusters host Grant Imahara took us from fryer to farm in a reverse process peek at what goes into McDonald’s potatoes. While the global burger chain does explain the usage of a few unpronounceable ingredients meant to preserve color and texture, it looks like these practices aren’t being implemented across the board. After checking out McDonalds.co.uk, a blogger on Boing Boing points out that McDonald’s french fries in the U.K. appear to have far fewer ingredients than those produced in the U.S.-- and no crazy, hard-to-say additives. FoxNews.com did a side by side comparison of the two websites and found the same information. Across the pond, Brits are enjoying McDonald’s French fries sans additives like Sodium Acid Pyrophosphate, Dimethylpolysiloxane and “natural beef flavor.” Dimethylpolysiloxane is “added as an anti-foaming agent” but it’s also a silicon-based organic polymer used to make Silly Putty. Hmm. Looks like the chain has some more explaining to do to American consumers.

Note: For lots more on this, read this great mercola.com article. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


Barrett Brown sentenced to 63 months for 'merely linking to hacked material'
2015-01-22, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/technology/2015/jan/22/barrett-brown-trial-warns-d...

Journalist and former Anonymous member ... Barrett Brown was sentenced to 63 months in prison by a federal judge in Dallas on Thursday. The judge also ordered him to pay more than $890,000 in restitution and fines. An investigative journalist, essayist and satirist who has written for the Onion, Vanity Fair and the Huffington Post, as well as for the Guardian, Brown claims to have split with Anonymous in 2011. Brown also founded Project PM, a crowdsourced investigative thinktank dedicated to looking into abuses by companies in the area of surveillance. In September 2012, Brown was arrested by the FBI. In October 2012, after being held for two weeks without charge, he was indicted on charges of making an online threat, retaliating against a federal officer and conspiring to release personal information about a government employee. Two months later, he was indicted on 12 further charges related to the hacking of private intelligence contractor Stratfor in 2011. Jeremy Hammond, the hacker who actually carried out the Stratfor breach, was sentenced to the maximum possible 10 years. Brown, who was accused of sharing a link to the data Hammond obtained from the breach ... at one point faced a possible sentence of 105 years. He will reportedly be eligible for supervised release after one year, and once released will have his computer equipment monitored. The $890,250 in restitution payments will go to Stratfor and other companies targeted by Anonymous.

Note: Even after being targeted by a high level conspiracy, jailed on spurious charges, and forced to pay nearly a million dollars to Stratfor for merely writing about the hack of their private spy agency, Brown states that he remains committed to exposing corruption as a journalist from within the US prison system.


The Trans-Pacific Partnership won't deliver jobs or curb China's power
2015-01-22, Los Angeles Times
http://www.latimes.com/opinion/op-ed/la-oe-prestowitz-tpp-trade-pact-20150123...

What President Obama called for in his State of the Union: completion and adoption of the Trans-Pacific Partnership free-trade agreement, or TPP, for the Asia-Pacific region. The president [and other TPP supporters] make two major arguments. One is that the trade pact would create lots of new jobs and raise American incomes and living standards. The other is that it would strengthen U.S. alliances in Asia while curbing Chinese influence. Over the last 35 years, the U.S. has ... concluded many free-trade agreements. In advance of each, U.S. leaders promised the deals would create high-paying jobs, reduce the trade deficit, increase GDP and raise living standards. None of these [promises] came true. In fact, the U.S. non-oil trade deficit continued to grow, millions of jobs were offshored and mean household income has hardly risen since 2000. And economists overwhelmingly agree that rising U.S. income inequality is being driven in part by international trade. The ever-closer linking of the U.S. economy to those of the TPP countries over the last 35 years has not ... deterred U.S. trade partners and allies from developing ever closer ties with China. The TPP is not going to bring together nations such as Mexico, Peru, Chile, New Zealand, Australia, Singapore, Malaysia and Brunei to gang up against China. That is just not going to happen. Thus the TPP fails on both economic and political grounds.

Note: Read an excellent Washington Post article showing how the claim of 65,000 jobs created with the TPP is a blatant lie and manipulation. Then watch an excellent, two-minute video by former U.S. Secretary of Labor Robert Reich on the TPP titled "The Worst Trade Deal You've Never Heard of," or read leaked draft texts of the Trans-Pacific Partnership for yourself.


The Davos oligarchs are right to fear the world they’ve made
2015-01-22, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/commentisfree/2015/jan/22/davos-oligarchs-fear-ine...

The billionaires and corporate oligarchs meeting in Davos this week are getting worried about inequality. The architects of the crisis-ridden international economic order are starting to see the dangers ... of the widest global economic gulf in human history. The scale of the crisis has been laid out for them by the charity Oxfam. On current trends, the richest 1% will have pocketed more than the other 99% put together next year. The 0.1% have been doing even better, quadrupling their share of US income since the 1980s. In most of the world, labour’s share of national income has fallen continuously and wages have stagnated under this regime of privatisation, deregulation and low taxes on the rich. At the same time finance has sucked wealth from the public realm into the hands of a small minority, even as it has laid waste the rest of the economy. Now the evidence has piled up that not only is such appropriation of wealth a moral and social outrage, but it is fuelling social and climate conflict, wars, mass migration and political corruption, stunting health and life chances, increasing poverty, and widening gender and ethnic divides. Escalating inequality has also been a crucial factor in the economic crisis of the past seven years, squeezing demand and fuelling the credit boom. The thinking person’s Davos oligarch realises that allowing things to carry on as they are is dangerous. What they won’t accept is any change in the balance of social power.

Note: Oxfam's complete report "identifies the two powerful driving forces that have led to the rapid rise in inequality" as "market fundamentalism and the capture of politics by elites." For more along these lines, see concise summaries of deeply revealing news articles on income inequality and secret societies which manipulate global politics.


APS authored Congressional letter to feds asking to crack down on solar industry
2015-01-16, ABC's Arizona Affiliate
http://www.abc15.com/news/local-news/investigations/aps-authored-congressiona...

Arizona’s largest utility company has been at odds with the solar panel industry for years. Now, APS [Arizona Public Service, the state’s largest utility] is asking the Federal Trade Commission to crack down on solar companies. But they didn’t ask them directly. Six Arizona Congressmen sent letters to federal regulators asking them to investigate solar leasing companies. Reporter Evan Wyloge ... has the original letter and proves it’s actually APS spearheading the effort. Arizona Public Service [is] one of the largest campaign donors for the group of lawmakers. The APS-authored, congressmen-signed letter comes as the latest in an ongoing effort to stymie third-party solar panel companies, whose business has grown tenfold over the past half-decade, presenting a challenge to the long-term business model of traditional utilities like APS. The high-profile fight between the traditional utility and newer rooftop solar panel companies is not unique to Arizona. Similar struggles have emerged in other states. On Nov. 19, Democratic Reps. Ron Barber, Ann Kirkpatrick and Kyrsten Sinema asked [regulators] in a joint letter to ... look into solar panel leasing practices. Then, on Dec. 12, Republican Reps. Trent Franks, Paul Gosar and Matt Salmon sent a similar letter to the FTC. After both letters were sent, the Arizona Corporation Commission voted late in 2014 to open a docket on consumer complaints about solar companies. Initial hearings are expected to begin this spring.

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


Defense contractor pleads guilty in massive bribery case
2015-01-15, Washington Post
http://www.washingtonpost.com/world/national-security/navy-captain-enters-gui...

Malaysian defense contractor [Leonard Glenn Francis] pleaded guilty [to bribing] “scores” of U.S. Navy officials [while] presiding over a decade-long corruption scheme. His Singapore-based firm, Glenn Defense Marine Asia ... bilked the service out of tens of millions of dollars. Five current and former Navy officials have pleaded guilty so far. Francis, 50, agreed to forfeit $35 million in ill-gotten proceeds and could face up to 25 years in prison. [He also] provided evidence against two more Navy officials who have yet to be charged: a lieutenant commander and a ... civilian official [that] worked as a mole for Glenn Defense Marine. The Navy says that [Frances] was repeatedly able to thwart criminal investigators by bribing a senior agent with the Naval Criminal Investigative Service, who fed him sensitive files and helped to cover his tracks. A Navy captain, Daniel Dusek, admitted to disclosing military secrets to Francis and his firm in exchange for prostitutes, cash and visits to luxury hotels. Dusek provided classified information about Navy ship schedules dozens of times. According to court records, in October 2010, Dusek [as deputy director of operations for the 7th Fleet] persuaded the Navy to send an aircraft carrier, the USS Abraham Lincoln, and its strike group to visit a port in Malaysia that was largely controlled by Glenn Defense Marine. As a result, the company was able to easily inflate invoices and overcharge the Navy.

Note: Frances bribed Naval officials to redirect an aircraft carrier, and avoided prosecution for years by also bribing military investigators. If he could do this, and if Brent R. Wilkes could persuade the #3 Official at the CIA to award him millions in suspicious agency contracts, what else have corrupt government officials been bribed to do?


Why the Trans-Pacific Partnership Agreement Is a Pending Disaster
2015-01-06, Baltimore Sun (Baltimore's leading newspaper)
http://www.baltimoresun.com/news/opinion/bal-why-the-transpacific-partnership...

Republicans who now run Congress say they want to cooperate with President Obama, and point to the administration's Trans-Pacific Partnership, or TPP, as the model. The only problem is the TPP would be a disaster. If you haven't heard much about the TPP, that's part of the problem. It would be the largest trade deal in history ... representing 792 million people and accounting for 40 percent of the world economy -- yet it's been devised in secret. Lobbyists from America's biggest corporations and Wall Street's biggest banks have been involved but not the American public. That's a recipe for fatter profits and bigger paychecks at the top, but not a good deal for most of us, or even for most of the rest of the world. Big corporations and Wall Street want ... more international protection when it comes to their intellectual property and other assets. But they want less protection of consumers, workers, small investors, and the environment, because these interfere with their profits. So they've been seeking trade rules that allow them to override these protections. Not surprisingly for a deal that's been drafted mostly by corporate and Wall Street lobbyists, the TPP provides exactly this mix. In other words, the TPP is a Trojan horse in a global race to the bottom, giving big corporations and Wall Street banks a way to eliminate any and all laws and regulations that get in the way of their profits.

Note: The above article is written by former US Secretary of Labor Robert Reich. For more along these lines, see this summary of an article that appeared in the Guardian newspaper in 2013. You can also read the TPP's Intellectual property and environment language for yourself.


Heavyweight Response to Local Fracking Bans
2015-01-03, New York Times
http://www.nytimes.com/2015/01/04/us/heavyweight-response-to-local-fracking-b...

Longmont [Colorado] has become a cautionary tale of what can happen when cities decide to confront the oil and gas industry. In an aggressive response to a wave of citizen-led drilling bans, state officials, energy companies and industry groups are taking Longmont and other municipalities to court, forcing local governments into ... expensive, long-shot efforts to defend the measures. Two years ago, [Longmont] residents voted to ban hydraulic fracturing from their grassy open spaces and a snow-fed reservoir. In Colorado, the energy industry, which argues that cities lack the authority to outlaw fracking, has already won rulings overturning three fracking prohibitions. Longmont, which sits near the juncture of rolling plains and jagged mountains, has spent about $136,000 fighting — unsuccessfully so far — to defend a 2012 measure that outlawed fracking. In July, a district court judge tossed out the ban, and the city is appealing. A judge also overturned a fracking ban last year in Fort Collins, Colo., and denied pleas from the city to keep the ban in place while local officials went to court to defend a five-year fracking moratorium. In Broadview Heights, Ohio, energy companies are suing the town — and residents are suing the energy companies in return — over a bill of rights that outlawed fracking and the disposal of its byproducts. While the Longmont City Council voted unanimously in August to defend the fracking ban, other towns have decided it is just too costly a fight.

Note: Fracking can poison drinking water, negatively impact human health, and may cause earthquakes.


Betting on Default
2015-01-02, New York Times
http://www.nytimes.com/2015/01/03/opinion/betting-on-default.html?_r=0

Imagine a lender demanding that you miss a payment. That is the situation described in a recent article in The Wall Street Journal. In 2013, GSO Capital Partners ... refused to renew a $122.3 million loan to the Spanish gambling company Codere unless it delayed paying interest on other existing debt. Why? It turns out that GSO had placed a bet that Codere’s existing debt would not be paid on time. When, lo and behold, the payment was late, GSO collected on its bet. The bet in this scenario was a credit default swap. Credit default swaps, a type of derivative, can be used to hedge against losses on bonds that investors own, or to speculate on how the underlying companies will perform. The Dodd-Frank financial reform law was supposed to curb speculation in swaps. But ... hedge funds are increasingly using swaps to wager on whether weak firms will live or die. RadioShack ... is one of several prominent examples. In December, RadioShack’s total debt came to about $1.4 billion, but swaps outstanding on the performance of the debt totaled $23.5 billion. Similarly, J.C. Penney ... had total debt of some $8.7 billion, but swaps outstanding on the debt totaled $19.3 billion. Last month, Congress repealed an anti-speculation provision of Dodd-Frank that would have prevented federally insured banks from conducting several types of swap transactions. In addition, the Federal Reserve recently gave the banks two extra years to meet [another important] Dodd-Frank provision. Sooner or later, poorly regulated credit derivatives will again play a role in damaging the economy.

Note: Derivatives trading in the shadow banking system has produced a speculative bubble, valued at nearly a quadrillion dollars, that has been described as a financial time bomb.


With limited oversight, the wealthy get a charitable tax break
2015-01-02, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/business/article/With-limited-oversight-the-wealthy-get...

Nicholas and Jill Woodman ... will receive a huge tax deduction for their [charitable] donation of 5.8 million shares of company stock to a donor-advised fund. But there’s no guarantee that one dollar of their October donation will ever be spent [on charity]. Donors gets an immediate, one-time tax break by depositing their money or assets in a donor-advised fund. They can advise the institution holding their money where and when to spend it on their timetable. Boston College Law School Professor Ray Madoff points out, “It is like money-laundering." There was $54 billion under management in donor-advised funds in 2013. Top financial houses like Fidelity, Schwab and Vanguard have fully embraced donor-advised funds. Fidelity Charitable, with $13.2 billion worth of assets under management, is now the nation’s second-largest charity. Even though organizations like Fidelity Charitable, Schwab Charitable and Vanguard Charitable were founded by their financial house namesakes, they are separate 501(c)3 charities. But while Fidelity Charitable is independent from the financial institution, roughly two-thirds of the money in the charitable arm is invested in Fidelity mutual funds. Madoff said that because investment advisers can charge a fee for managing the money in these accounts, they have a natural incentive to keep the money in these accounts growing — and not leaving.

Note: For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in government and banking and finance.


The Government Problem
2014-12-23, Chicago Tribune
http://www.chicagotribune.com/news/columnists/sns-201412230900--tms--amvoices...

Consider the new spending bill Congress and the president agreed to a few weeks ago. Under the $1.1 trillion measure, government spending doesn't rise as a percent of the total economy. If the economy grows as expected, government spending will actually shrink over the next year. The problem with the legislation is who gets the goodies and who's stuck with the tab. Only about 12 percent of federal spending goes to individuals and families. An increasing portion goes to corporate welfare. In addition to the provisions in the recent spending bill that reward Wall Street, health insurers, the travel industry, food companies and defense contractors, other corporate goodies have long been baked into the federal budget. Big agribusiness gets price supports. Hedge-fund and private-equity managers get their own special "carried-interest" tax loophole. The oil and gas industry gets its special tax subsidies. Big Pharma gets a particularly big benefit: a prohibition on government using its vast bargaining power under Medicare and Medicaid to negotiate low drug prices. The new spending legislation, just enacted, makes it easier for wealthy individuals to write big checks to political parties. Much of government is no longer working for the vast majority it's intended to serve. Unless or until we can reverse the vicious cycle of big money getting political favors that makes big money even bigger, we can't get the government we want and deserve.

Note: For more along these lines, see concise summaries of deeply revealing government corruption and income inequality news articles from reliable major media sources.


Spy Drones Over North Carolina Factory Farms Reveal ‘Lagoons Of Filth’
2014-12-19, International Business Times
http://www.ibtimes.com/spy-drones-over-north-carolina-factory-farms-reveal-la...

Mark Devries ... a documentary filmmaker who flew spy drones over North Carolina pig farms, claims to have captured video footage showing oceans of untreated animal waste ... oozing into the green Carolina countryside, in some cases close to residential areas. [Devries] shot the drone footage as part of a two-year investigation into the public-health consequences of waste management on farms operated by Smithfield Foods Inc. -- the largest pork producer in the country. Devries said he first became aware of the “toxic cesspools” after speaking with neighbors who live near Smithfield facilities. “I was shocked,” Devries said. “Pig manure is fairly similar to human waste, so it would be similar to having a pit of untreated human sewage the size of several football fields out in the open -- and in many cases, right in the vicinity of people’s homes.” A spokeswoman for Smithfield Foods said [that] state and federal regulators “sign off” on the company’s treatment systems. The meat-packing giant is no stranger to criticism from environmentalists and animal-rights groups. Its “sea of waste” once earned it one of the largest fines ever from the Environmental Protection Agency, Rolling Stone reported in 2006. The project is likely to further spur the debate over “ag-gag” laws, which make it illegal to conduct undercover investigations at agricultural facilities. Although ag-gag is often framed as an animal-rights issue, such laws also meet with fierce opposition and legal challenges from free-speech advocates. “The issue that it brings up is a much broader issue of laws criminalizing information gathering by the press,” Devries said.

Note: Learn how cruelly pigs are treated in this revealing video. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


Full scale of plastic in the world's oceans revealed for first time
2014-12-10, The Guardian
http://www.theguardian.com/environment/2014/dec/10/full-scale-plastic-worlds-...

More than five trillion pieces of plastic, collectively weighing nearly 269,000 tonnes, are floating in the world’s oceans, causing damage throughout the food chain, new research has found. Data collected by scientists from the US, France, Chile, Australia and New Zealand suggests a minimum of 5.25tn plastic particles in the oceans, most of them “micro plastics” measuring less than 5mm. The volume of plastic pieces, largely deriving from products such as food and drink packaging and clothing, was calculated from data taken from 24 expeditions over a six-year period to 2013. The research, published in the journal PLOS One, is the first study to look at plastics of all sizes in the world’s oceans. “We saw turtles that ate plastic bags and fish that ingested fishing lines,” said Julia Reisser, a researcher based at the University of Western Australia. “But there are also chemical impacts. When plastic gets into the water it acts like a magnet for oily pollutants. It’s hard to visualise the sheer amount, but the weight of it is more than the entire biomass of humans." The research, the first of its kind to pull together data on floating plastic from around the world, will be used to chart future trends in the amount of debris in the oceans. But researchers predict the volume will increase due to rising production of throwaway plastic, with only 5% of the world’s plastic currently recycled.

Note: Ocean acidification was number one on 2014's top 25 stories subjected to press censorship.


At America’s court of last resort, a handful of lawyers now dominates the docket
2014-12-08, Reuters
http://www.reuters.com/investigates/special-report/scotus/

The U.S. Supreme Court building proclaims a high ideal: “Equal Justice Under Law.” But inside, an elite cadre of lawyers has emerged [to give] their clients a disproportionate chance to influence the law. A Reuters examination of nine years of cases shows that 66 of the 17,000 lawyers who petitioned the Supreme Court ... were at least six times more likely to be accepted by the court than were all others. About half [of these 66 lawyers] worked for justices past or present, and some socialize with them. Although they account for far less than 1 percent of lawyers who filed appeals to the Supreme Court, these attorneys were involved in 43 percent of the cases the high court chose to decide from 2004 through 2012. The Reuters examination of the Supreme Court’s docket, the most comprehensive ever, suggests ... a decided advantage for corporate America. Some legal experts contend that the reliance on a small cluster of specialists, most working on behalf of businesses, has turned the Supreme Court into an echo chamber – a place where an elite group of jurists embraces an elite group of lawyers who reinforce narrow views of how the law should be construed. Of the 66 most successful lawyers, 51 worked for law firms that primarily represented corporate interests. In cases pitting the interests of customers, employees or other individuals against those of companies, a leading attorney was three times more likely to launch an appeal for business than for an individual, Reuters found.

Note: How interesting that no major media seem to have picked up this revealing story. For more along these lines, see concise summaries of deeply revealing news articles about government corruption from reliable major media sources.


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