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Corporate Corruption News Stories

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Before Shooting in Iraq, a Warning on Blackwater
2014-06-30, New York Times
Posted: 2014-07-07 08:26:27
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 Baghdads Nisour Square in 2007, the State Department began investigating the security contractors operations in Iraq. But the inquiry was abandoned after Blackwaters top manager there issued a threat: that he could kill the governments 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 embassys 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.


How to Charge $546 for Six Liters of Saltwater
2013-08-25, New York Times
Posted: 2014-07-07 08:17:40
http://www.nytimes.com/2013/08/27/health/exploring-salines-secret-costs.html?...

It is one of the most common components of emergency medicine: an intravenous bag of sterile saltwater. Luckily for anyone who has ever needed an IV bag to replenish lost fluids or to receive medication, it is also one of the least expensive. The average manufacturers price, according to government data, has fluctuated in recent years from 44 cents to $1. Yet there is nothing either cheap or simple about its ultimate cost, as [revealed by] the commercial path of IV bags from the factory to the veins of more than 100 patients struck by a May 2012 outbreak of food poisoning in upstate New York. Some of the patients bills would later include markups of 100 to 200 times the manufacturers price, not counting separate charges for IV administration. And on other bills, a bundled charge for IV therapy was almost 1,000 times the official cost of the solution. At every step from manufacturer to patient, there are confidential deals among the major players, including drug companies, purchasing organizations and distributors, and insurers. These deals so obscure prices and profits that even participants cannot say what the simplest component of care actually costs, let alone what it should cost. And that leaves taxpayers and patients alike with an inflated bottom line and little or no way to challenge it. The real cost of a bag of normal saline, like the true cost of medical supplies from gauze to heart implants, disappears into an opaque realm of byzantine contracts, confidential rebates and fees that would be considered illegal kickbacks in many other industries.

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


Red Cross: How we spent Sandy money is a trade secret
2014-06-28, Salon/ProPublica
Posted: 2014-07-07 08:16:07
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 its not clear yet how much since the documents havent 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 Laws trade secret exemption. Doug White, a nonprofit expert who directs the fundraising management program at Columbia University, said that its possible for nonprofits to have trade interests the logo of a university, for example but its not clear what a trade secret would be in the case of the Red Cross. He called the lawyers 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)
Posted: 2014-06-23 08:03:53
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.


The Koch Cycle of Endless Cash
2014-06-14, New York Times
Posted: 2014-06-23 08:02:10
http://www.nytimes.com/2014/06/14/opinion/the-koch-cycle-of-endless-cash.html

Its 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 doesnt 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, its 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 todays 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.


Inside the Koch Brothers Secret Billionaire Summit
2014-06-17, The Nation
Posted: 2014-06-23 07:59:51
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 whos who of Republican political elites. 300 individualsworth at least a billion eachwere 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 Obamas new regulations on carbon dioxide emissions and liberal billionaire Tom Steyers $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.


An expanding Koch network aims to spend $300 million to shape Senate fight and 2016
2014-06-18, Washington Post
Posted: 2014-06-23 07:58:15
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.


Study asserts startling numbers of insider trading rogues
2014-06-17, CNBC
Posted: 2014-06-23 07:54:43
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.


Dr. Andres Carrasco, 67, neuroscientist fought Monsanto over Roundup
2014-05-13, Chicago Sun-Times/Associated Press
Posted: 2014-06-09 08:09:26
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 worlds 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 Argentinas 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 Monsantos 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 universitys 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 teams 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 its 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.


Angry mothers meet U.S. EPA over concerns with Roundup herbicide
2014-05-27, Chicago Tribune/Reuters
Posted: 2014-06-09 08:07:54
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.


IMF chief says banks haven't changed since financial crisis
2014-05-27, The Guardian (One of the UK's leading newspapers)
Posted: 2014-06-02 11:06:11
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 (42bn) 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.


Europe's Secret Success
2014-05-26, New York Times
Posted: 2014-06-02 11:04:04
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 wont create jobs if they are heavily taxed, and nasty to ordinary workers, who wont 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 Europes 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. Frances prime-age employment rate overtook Americas 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.


Why both sides of the political aisle are turning against Wall Street
2014-05-07, Christian Science Monitor
Posted: 2014-05-26 10:34:54
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. Were five years into a so-called recovery thats 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 its not only the rhetoric thats 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 theyre 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.


Credit Suisse Pleads Guilty to Aiding Tax Evasion
2014-05-20, NBC News/Reuters
Posted: 2014-05-26 10:27:51
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.


Fracking is depleting water supplies in America's driest areas, report shows
2014-02-05, The Guardian (One of the UK's leading newspapers)
Posted: 2014-05-19 07:31:13
http://www.theguardian.com/environment/2014/feb/05/fracking-water-america-dro...

America's oil and gas rush is depleting water supplies in the driest and most drought-prone areas of the country, from Texas to California, new research has found. Of the nearly 40,000 oil and gas wells drilled since 2011, three-quarters were located in areas where water is scarce, and 55% were in areas experiencing drought, the report by the Ceres investor network found. Fracking those wells used 97bn gallons of water, raising new concerns about unforeseen costs of America's energy rush. "Hydraulic fracturing is increasing competitive pressures for water in some of the country's most water-stressed and drought-ridden regions," said Mindy Lubber, president of the Ceres green investors' network. Without new tougher regulations on water use, she warned industry could be on a "collision course" with other water users. "It's a wake-up call," said Prof James Famiglietti, a hydrologist at the University of California, Irvine. "[I]t is time to have a conversation about what impacts there are, and do our best to try to minimise any damage." It can take millions of gallons of fresh water to frack a single well, and much of the drilling is tightly concentrated in areas where water is in chronically short supply, or where there have been multi-year droughts. Half of the 97bn gallons of water was used to frack wells in Texas, which has experienced severe drought for years. "Shale producers are having significant impacts at the county level, especially in smaller rural counties with limited water infrastructure capacity," the report said.

Note: For more on corporate 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
Posted: 2014-05-05 11:33:35
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 its 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 dont need back to electric utilities. So theyve 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 Ohios requirement that 12.5 percent of the states 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.


Koch brothers, big utilities attack solar, green energy policies
2014-04-19, Los Angeles Times
Posted: 2014-05-05 11:31:50
http://www.latimes.com/nation/la-na-solar-kochs-20140420,0,7412286.story#axzz...

The Koch brothers, anti-tax activist Grover Norquist and some of the nation's largest power companies have backed efforts in recent months to roll back state policies that favor green energy. The conservative luminaries have pushed campaigns in Kansas, North Carolina and Arizona, with the battle rapidly spreading to other states. Alarmed environmentalists and their allies in the solar industry have fought back, battling the other side to a draw so far. Both sides say the fight is growing more intense as new states, including Ohio, South Carolina and Washington, enter the fray. At the nub of the dispute are two policies found in dozens of states. One requires utilities to get a certain share of power from renewable sources. The other, known as net metering, guarantees homeowners or businesses with solar panels on their roofs the right to sell any excess electricity back into the power grid at attractive rates. Net metering forms the linchpin of the solar-energy business model. Without it, firms say, solar power would be prohibitively expensive. The American Legislative Exchange Council, or ALEC, a membership group for conservative state lawmakers, recently drafted model legislation that targeted net metering. The group also helped launch efforts by conservative lawmakers in more than half a dozen states to repeal green energy mandates. The group's campaign in [Kansas] compared the green energy mandate to Obamacare, featuring ominous images of Kathleen Sebelius, the outgoing secretary of Health and Human Services, who was Kansas' governor when the state adopted the requirement.

Note: For more on the growth of the solar energy industry, 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
Posted: 2014-04-29 11:42:40
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.


Elizabeth Warrens A Fighting Chance: An exclusive excerpt on the foreclosure crisis
2014-04-26, Boston Globe
Posted: 2014-04-29 11:35:54
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 departments cheery projections for recovery, I finally interrupted with a question about a new topic. Why, I asked, had Treasurys response to the flood of foreclosures been so small? The Congressional Oversight Panel had been sharply critical of Treasurys 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 Treasurys 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 wouldnt 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 governments 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.


Tamiflu: drugs given for swine flu 'were waste of 500m'
2014-04-10, The Telegraph (One of the UK's leading newspapers)
Posted: 2014-04-21 08:19:22
http://www.telegraph.co.uk/health/swine-flu/10756200/Tamiflu-drugs-given-for-...

The drug Tamiflu, given to tens of thousands of people during the swine flu pandemic, does nothing to halt the spread of influenza and the [UK] Government wasted nearly 500 million stockpiling it, a major study has found. The review, authored by Oxford University, claims that Roche, the drugs Swiss manufacturer, gave a false impression of its effectiveness and accuses the company of sloppy science. The study found that Tamiflu, which was given to 240,000 people in the UK at a rate of 1,000 a week, has been linked to suicides of children in Japan and suggested that, far from easing flu symptoms, it could actually worsen them. Roche claimed at the time of the 2009 swine flu outbreak that trials had shown that it would reduce hospital admissions and complications such as pneumonia, bronchitis or sinusitis. Based on [these claims], the Department of Health bought around 40 million doses of Tamiflu at a cost of 424 million and prescribed it to around 240,000 people. In 2009, 0.5 per cent of the entire NHS budget was spent on the drug. However, researchers from The Cochrane Collaboration, a not-for-profit organisation which carries out reviews of health data, found that Tamiflu only cut flu-like symptoms from seven days to 6.3 days and there was no evidence of a reduction in hospital admissions. Eight children who took the drug in Japan ended up committing suicide after suffering psychotic episodes. Other side effects included kidney problems, nausea, vomiting and headaches. Many people reported feeling anxious or depressed when taking the drug.

Note: We sent out numerous messages at the time of all the fear-mongering around the avian and swine flu scares that this was wasting huge amounts of money. Of course the money wasn't just wasted, much of it went into the pockets of Donald Rumsfeld and others, as reported in this newspaper article. For the revealing news articles we compiled showing the blatant greed and corruption involved, click here.


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