Please donate here to support this vital work.
Subscribe here to our free email list

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.


Top Ecuador court upholds $9 billion ruling against Chevron
2018-07-11, Miami Herald/Associated Press
https://www.miamiherald.com/news/business/article214688105.html

Ecuador's highest court has upheld a $9.5 billion judgment against oil giant Chevron for decades of rainforest damage. Plaintiffs celebrated the constitutional court's decision announced Tuesday night, saying it should pave the way for indigenous tribes to receive compensation for oil spills that contaminated groundwater and soil in their Amazon home. But the ruling is largely symbolic as Chevron no longer operates in the South American country. That means Ecuador's government will have to pursue assets owned by the ... company in foreign courts, where it so far has had little luck. Last week, an appeals court in Argentina rejected an attempt by Ecuador to collect on its award, echoing earlier rulings by courts in Canada, Gibraltar and Brazil. In 2014, a U.S. court of appeals ... also denied Ecuador's request, arguing that the original judgment was obtained through bribery, coercion and fraud. In an added twist, the American lawyer who for years represented Ecuador in the matter was barred Tuesday from practicing law in New York state. The New York state appeals court found Steven Donziger guilty of professional misconduct, saying that in his appeal of the 2014 ruling he did not challenge the judge's findings of bribery, witness tampering, and the ghostwriting of a court opinion.

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


The NSA’s Hidden Spy Hubs in Eight U.S. Cities
2018-06-25, The Intercept
https://theintercept.com/2018/06/25/att-internet-nsa-spy-hubs/

Thousands of people pass by the buildings each day and rarely give them a second glance, because their function is not publicly known. They are an integral part of one of the world’s largest telecommunications networks – and they are also linked to a controversial National Security Agency surveillance program. Atlanta, Chicago, Dallas, Los Angeles, New York City, San Francisco, Seattle, and Washington, D.C.. In each of these cities, The Intercept has identified an AT&T facility containing networking equipment that transports large quantities of internet traffic across the United States and the world. A body of evidence – including classified NSA documents, public records, and interviews with several former AT&T employees – indicates that the buildings are central to an NSA spying initiative that has for years monitored billions of emails, phone calls, and online chats passing across U.S. territory. The NSA considers AT&T to be one of its most trusted partners and has lauded the company’s “extreme willingness to help.” Little known, however, is that its scope is not restricted to AT&T’s customers. According to the NSA’s documents, it values AT&T not only because it “has access to information that transits the nation,” but also because it maintains unique relationships with other phone and internet providers. The NSA exploits these relationships for surveillance purposes, commandeering AT&T’s massive infrastructure and using it as a platform to covertly tap into communications processed by other companies.

Note: The NSA was authorized in 2016 to share communications data it collected without warrants on Americans with 16 intelligence and law enforcement agencies. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy.


What 7 Creepy Patents Reveal About Facebook
2018-06-21, New York Times
https://www.nytimes.com/interactive/2018/06/21/opinion/sunday/facebook-patent...

A review of hundreds of Facebook’s patent applications reveals that the company has considered tracking almost every aspect of its users’ lives: where you are, who you spend time with, whether you’re in a romantic relationship, which brands and politicians you’re talking about. The company has even attempted to patent a method for predicting when your friends will die. Taken together, Facebook’s patents show a commitment to collecting personal information, despite widespread public criticism of the company’s privacy policies and a promise from its chief executive to “do better.” “A patent portfolio is a map of how a company thinks about where its technology is going,” said Jason M. Schultz, a law professor at New York University. One patent application discusses predicting whether you’re in a romantic relationship using information such as how many times you visit another user’s page [and] the number of people in your profile picture. Another proposes using your posts and messages to infer personality traits ... then using those characteristics to select which news stories or ads to display. Another patent application discusses tracking your weekly routine and sending notifications to other users of deviations from the routine. In addition, it describes using your phone’s location in the middle of the night to establish where you live. As long as Facebook keeps collecting personal information, we should be wary.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy.


The Billion-Dollar Business of Operating Shelters for Migrant Children
2018-06-21, New York Times
https://www.nytimes.com/2018/06/21/us/migrant-shelters-border-crossing.html

The business of housing, transporting and watching over migrant children detained along the southwest border is not a multimillion-dollar business. It’s a billion-dollar one. Southwest Key Programs has won at least $955 million in federal contracts since 2015 to run shelters and provide other services to immigrant children in federal custody. Its shelter for migrant boys at a former Walmart Supercenter in South Texas has been the focus of nationwide scrutiny, but Southwest Key is but one player in the lucrative, secretive world of the migrant-shelter business. About a dozen contractors operate more than 30 facilities in Texas alone, with numerous others contracted for about 100 shelters in 16 other states. Trump’s order ... calling for migrant families to be detained together likely means millions more in contracts. A small network of private prison companies already is operating family detention centers in Texas and Pennsylvania, and those facilities are likely to expand. Defense contractors and security firms are also building a presence in the system, including General Dynamics ... and MVM Inc.. In Harlingen, [Texas] one recent morning, the federal courthouse that hears immigration cases was packed. Teenagers who had been apprehended crossing the border sat in the courtrooms. In the lobby, a group of men and women ... patiently waited for the hearings to end. They were there for the migrant youth. But they were neither relatives nor lawyers. They were contractors.

Note: What this article doesn't include is the possibility that some of these children are being fed into secret mind control programs and possibly even clandestinely sold into sex trafficking. For more on this, read this essay . For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.


Voting machine vendor treated election officials to trips to Vegas, elsewhere
2018-06-21, Fresno Bee/McClatchy
https://www.fresnobee.com/news/politics-government/article213558729.html

The nation’s largest voting equipment vendor has for at least nine years coaxed state and local elections officials to serve on an “advisory board” that gathers twice annually for company-sponsored conferences, including one last year at a ritzy Las Vegas resort hotel. The arrangement could compromise the integrity of the officials' decisions. As many as a dozen election officials attended the March 2, 2017 Las Vegas meeting, with a number of them accepting airfare, lodging, meals and, according to one participant, a ticket to a show on the Strip from their voting systems vendor, Nebraska-based Election Systems and Software (ES&S). The unusual practice, which has not previously been reported, offers a glimpse of one way in which a voting equipment manufacturer has sought to cement relationships with government officials, some of whom play roles in the award of millions of dollars in contracts. Ethics experts and election watchdogs say the company's hospitality and hobnobbing with government officials is potentially corrupting. Many states are continuing a shift to voting systems that produce paper backup ballots, so vote counts can be verified in post-election audits. ES&S is peddling electronic ballot-marking devices that produce paper ballots to be fed into optical scanners – equipment that critics contend should be limited to use by disabled voters. Paper ballots, they say, are far less expensive and can be scanned and quickly tabulated.

Note: Why all the focus on Russia manipulating US elections, when this alone shows how US elections are being manipulated by internal groups? For undeniable evidence that elections have been manipulated for years by political groups in the country, see our Elections Information Center.


How the Koch Brothers Are Killing Public Transit Projects Around the Country
2018-06-19, New York Times
https://www.nytimes.com/2018/06/19/climate/koch-brothers-public-transit.html

Americans for Prosperity ... is financed by the oil billionaires Charles G. and David H. Koch to advance conservative causes. In cities and counties across the country ... the Koch brothers are fueling a fight against public transit. At the heart of their effort is a network of activists who use a sophisticated data service built by the Kochs, called i360, that helps them identify and rally voters who are inclined to their worldview. It is a particularly powerful version of the technologies used by major political parties. In places like Nashville, Koch-financed activists are finding tremendous success. Early polling ... suggested that [a] $5.4 billion transit plan would easily pass. But the outcome of the May 1 ballot stunned the city: a landslide victory for the anti-transit camp. The Kochs’ opposition to transit spending ... dovetails with their financial interests, which benefit from automobiles and highways. Even as Americans for Prosperity opposes public investment in transit, it supports spending tax money on highways and roads. Since 2015, Americans for Prosperity has coordinated door-to-door anti-transit canvassing campaigns for at least seven local or state-level ballots. Americans for Prosperity and other Koch-backed groups have also opposed more than two dozen other transit-related measures ... by organizing phone banks, running advertising campaigns, staging public forums, issuing reports and writing opinion pieces in local publications.

Note: The Koch brothers built a secretive empire to manipulate the political process in the US. This empire spent nearly $1 billion on US elections in 2016. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the manipulation of public perception.


Germany's Bayer closes $63 billion Monsanto takeover, plans to drop US company's name
2018-06-07, CNBC News
https://www.cnbc.com/2018/06/07/germanys-bayer-closes-monsanto-deal-plans-to-...

German conglomerate Bayer on Thursday closed its $63 billion merger with Monsanto after getting the required nod from U.S. and EU regulators. The closing sets the stage for the ... brand name "Monsanto" to be dropped by Bayer. Monsanto's agricultural biotechnology research and development operations that are going to Bayer are the largest in the world. "The entire business is essentially going over to Bayer intact," said ... analyst Seth Goldstein. "Taking away the Monsanto name is more of a branding. It should allow for easier PR for Bayer." The annual Harris Poll of corporate reputation ratings among America's "100 most visible companies" has regularly shown Monsanto rank toward the lower end of the list. Monsanto ranked 97 on the list of 100 companies in 2017 and survey results this year put it at 95. Monsanto has spent upwards of $100 million in some years on advertising costs. Some of the corporate efforts have been in direct response to social media attacks ... against genetically modified organisms. Monsanto also has faced protests over the American company's Roundup herbicide product containing glyphosate. The International Agency for Research on Cancer classified glyphosate as "probably carcinogenic" back in 2015. "It's not a surprise Bayer is dropping the Monsanto name since the brand has so many issues and there was international rejection of GMOs," said Andrew Kimbrell, executive director of the Center for Food Safety.

Note: Monsanto has become the target of a negative publicity campaign for very good reasons because of it's huge support of GMOs and RoundUp. Now, Bayer is hoping to erase this negative image, yet they are far from a responsible company. See this post documenting how Bayer collaborated with the Nazis to kill Jews and much more. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the corporate world and in the food system.


Edward Snowden: 'The people are still powerless, but now they're aware'
2018-06-04, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/us-news/2018/jun/04/edward-snowden-people-still-p...

Edward Snowden has no regrets five years on from leaking the biggest cache of top-secret documents in history. He is wanted by the US. He is in exile in Russia. But he is satisfied with the way his revelations of mass surveillance have rocked governments, intelligence agencies and major internet companies. What has happened in the five years since? The most important change, he said, was public awareness. “The government and corporate sector preyed on our ignorance. But now we know. People are aware now. People are still powerless to stop it but we are trying. The revelations made the fight more even.” He said he had no regrets. His own life is uncertain, perhaps now more than ever, he said. His sanctuary in Russia depends on the whims of the Putin government, and the US and UK intelligence agencies have not forgiven him. For them, the issue is as raw as ever. One of the disclosures to have most impact was around the extent of collaboration between the intelligence agencies and internet companies. In 2013, the US companies were outsmarting the EU in negotiations over data protection. Snowden landed like a bomb in the middle of the negotiations and the data protection law that took effect last month is a consequence. But he will not be marking the anniversary with a “victory lap”. There is still much to be done. “The fightback is just beginning,” said Snowden. “The governments and the corporates have been in this game a long time and we are just getting started.”

Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy.


Facebook Gave Device Makers Deep Access to Data on Users and Friends
2018-06-03, New York Times
https://www.nytimes.com/interactive/2018/06/03/technology/facebook-device-par...

As Facebook sought to become the world’s dominant social media service, it struck agreements allowing phone and other device makers access to vast amounts of its users’ personal information. Facebook has reached data-sharing partnerships with at least 60 device makers - including Apple, Amazon, BlackBerry, Microsoft and Samsung. The partnerships ... raise concerns about the company’s privacy protections and compliance with a 2011 consent decree with the Federal Trade Commission. Facebook allowed the device companies access to the data of users’ friends without their explicit consent, even after declaring that it would no longer share such information with outsiders. Some device makers could retrieve personal information even from users’ friends who believed they had barred any sharing. In interviews, several former Facebook software engineers and security experts said they were surprised at the ability to override sharing restrictions. “It’s like having door locks installed, only to find out that the locksmith also gave keys to all of his friends so they can come in and rifle through your stuff without having to ask you for permission,” said Ashkan Soltani, a research and privacy consultant who formerly served as the F.T.C.’s chief technologist.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy.


Google to drop Pentagon AI contract after employee objections to the ‘business of war’
2018-06-01, Washington Post
https://www.washingtonpost.com/news/the-switch/wp/2018/06/01/google-to-drop-p...

Google will not seek to extend its contract next year with the Defense Department for artificial intelligence used to analyze drone video, squashing a controversial alliance that had raised alarms over the technological buildup between Silicon Valley and the military. Google ... has faced widespread public backlash and employee resignations for helping develop technological tools that could aid in warfighting. Google will soon release new company principles related to the ethical uses of AI. Thousands of Google employees wrote chief executive Sundar Pichai an open letter urging the company to cancel the contract, and many others signed a petition saying the company’s assistance in developing combat-zone technology directly countered the company’s famous “Don’t be evil” motto. Several Google AI employees had told The Post they believed they wielded a powerful influence over the company’s decision-making. The advanced technology’s top researchers and developers are in heavy demand, and many had organized resistance campaigns or threatened to leave. The sudden announcement Friday was welcomed by several high-profile employees. Meredith Whittaker, an AI researcher and the founder of Google’s Open Research group, tweeted Friday: “I am incredibly happy about this decision, and have a deep respect for the many people who worked and risked to make it happen. Google should not be in the business of war.”

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


America's tree sitters risk lives on the front line
2018-05-26, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/environment/2018/may/26/tree-sitters-appalachian-...

Protesters – mainly women – are defying police and energy companies in non-violent environmental activism. Way out in the Appalachian hills ... an orderly clutch of tents were surrounded by a plastic yellow ribbon that read, “police line do not cross”. Past that, a woman sat on top of a 50ft pole. Opposite the knot of tents where the woman’s supporters kept 24-hour vigil lay an encampment of police, pipeline workers, and private security. On Wednesday 23 May, the protester, nicknamed Nutty, finally came down after a record-breaking 57 days spent in the trees ... to stop a fracked natural-gas pipeline from being built through the state. Her final three days in the trees were spent without food. There are others, too, who remain in the forest and are still blocking construction by putting their lives on the line. These activists hold the typical concerns of having a gas pipeline run through the yard: if it leaks it poisons the water, the font of the incredible biodiversity in the area; there’s a two-and-a-half-mile blast radius if it explodes; the pipeline is taking their land through eminent domain against their will for resource extraction. But they also say this is about more than just a pipeline, built by Mountain Valley Pipeline LLC. It is, they say, also about the erosion of democracy and the natural world. Virginia’s governor, Ralph Northam, took $50,000 from MVP’s largest shareholder, EQT Corp, and another $199,251 from Dominion Energy, [a] major shareholder of the Atlantic Coast Pipeline being built nearby.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.


Dodd-Frank rollback is money in the banks
2018-05-23, San Francisco Chronicle (San Francisco's leading newspaper)
https://www.sfchronicle.com/opinion/editorials/article/Editorial-Dodd-Frank-r...

The House’s bipartisan vote Tuesday to weaken Dodd-Frank, the banking and consumer reform legislation passed in the wake of the 2008 financial collapse and recession ... dramatically shrinks the number of institutions deemed important to the financial system and therefore subject to strict oversight. It raises the threshold automatically triggering such measures from $50 billion to $250 billion in assets. Small banks, defined as under $10 billion in assets, would also be exempt from the Volcker Rule, which prohibits certain risky investments of customers’ money. And an estimated 85 percent of banks would also be excused from reporting requirements meant to detect discrimination in home mortgage lending. Supporters of the regulatory retreat would have the public believe that Dodd-Frank constitutes a crushing burden on a struggling financial industry. Meanwhile, on the very day that the House approved the rollback, the Federal Deposit Insurance Corp. reported that the commercial banks and savings institutions it covers made $56 billion in the first quarter of the year, a 27.5 percent increase from a year earlier. Congress’ ... likely motivation is another figure: the $1.1 billion in contributions to federal campaigns attributed to financial institutions in the last two-year election cycle, according to the Center for Responsive Politics, more than any other sector spent. That haul favored Republicans only modestly, with 46 percent going to Democrats. Judging by this week’s vote, it was money well spent.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.


Landmark lawsuit claims Monsanto hid cancer danger of weedkiller for decades
2018-05-22, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/business/2018/may/22/monsanto-trial-cancer-weedki...

At the age of 46, DeWayne Johnson is not ready to die. But with cancer spread through most of his body, doctors say he probably has just months to live. Now Johnson, a husband and father of three in California, hopes to survive long enough to make Monsanto take the blame for his fate. Johnson will become the first person to take the global seed and chemical company to trial on allegations that it has spent decades hiding the cancer-causing dangers of its popular Roundup herbicide products – and his case has just received a major boost. Last week Judge Curtis Karnow issued an order clearing the way for jurors to consider not just scientific evidence related to what caused Johnson’s cancer, but allegations that Monsanto suppressed evidence of the risks of its weed killing products. “The internal correspondence noted by Johnson could support a jury finding that Monsanto has long been aware of the risk that its glyphosate-based herbicides are carcinogenic ... but has continuously sought to influence the scientific literature to prevent its internal concerns from reaching the public sphere and to bolster its defenses in products liability actions,” Karnow wrote. Johnson’s case ... is at the forefront of a legal fight against Monsanto. Some 4,000 plaintiffs have sued Monsanto alleging exposure to Roundup caused them, or their loved ones, to develop non-Hodgkin lymphoma (NHL).

Note: As major lawsuits like this one against Monsanto begin to unfold, the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. A recent independent study published in a scientific journal found a link between glyphosate and gluten intolerance. Internal FDA emails suggest that the food supply contains far more glyphosate than government reports indicate. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.


Rudy Giuliani won deal for OxyContin maker to continue sales of drug behind opioid deaths
2018-05-22, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/us-news/2018/may/22/rudy-giuliani-opioid-epidemic...

The US government missed the opportunity to curb sales of the drug that kickstarted the opioid epidemic when it secured the only criminal conviction against the maker of OxyContin a decade ago. Purdue Pharma hired Rudolph Giuliani, the former New York mayor and now Donald Trump’s lawyer, to head off a federal investigation in the mid-2000s into the company’s marketing of the powerful prescription painkiller at the centre of an epidemic estimated to have claimed at least 300,000 lives. While Giuliani was not able to prevent the criminal conviction over Purdue’s fraudulent claims for OxyContin’s safety and effectiveness, he was able to reach a deal to avoid a bar on Purdue doing business with the federal government which would have killed a large part of the multibillion-dollar market for the drug. The former New York mayor also secured an agreement that greatly restricted further prosecution of the pharmaceutical company and kept its senior executives out of prison. The US attorney who led the investigation, John Brownlee, has ... expressed surprise that Purdue did not face stronger action. Purdue is now facing ... civil lawsuits [in] New York, Texas and five other states. But Brownlee was the first, and so far only, prosecutor to secure a criminal conviction against the drug maker. Brownlee’s office discovered training videos in which reps acted out selling the drug using the false claims. “This was ... pushed from the highest levels of the company,” said Brownlee.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in Big Pharma.


'CEOs don't want this released': US study lays bare extreme pay-ratio problem
2018-05-18, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/us-news/2018/may/16/ceo-worker-pay-ratio-america-...

The first comprehensive study of the massive pay gap between the US executive suite and average workers has found that the average CEO-to-worker pay ratio has now reached 339 to 1, with the highest gap approaching 5,000 to 1. The study, titled "Rewarding Or Hoarding?," was published [by] US congressman Keith Ellison. Just the summary makes for sober reading. In 188 of the 225 companies in the report’s database, a single chief executive’s pay could be used to pay more than 100 workers; the average worker at 219 of the 225 companies studied would need to work at least 45 years to earn what their CEO makes in one. “Now we know why CEOs didn’t want this data released,” says Ellison, who championed the implementation of the pay ratio disclosure rule as it was written into the Dodd-Frank financial reform bill of 2010. “I knew inequality was a great problem in our society but I didn’t understand quite how extreme it was.” The requirements, long resisted by some of the largest US companies, simply tells companies to identify a median worker and then calculate how much the CEO makes in comparison to that person. According to a recent Bloomberg analysis of 22 major world economies, the average CEO-worker pay gap in the US far outpaces that of other industrialized nations. The average US CEO makes more than four times his or her counterpart in the other countries analyzed. Ellison said the data remains imperfect, as companies are still able to exclude contracted workers from their reporting.

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


How Baby Boomers Broke America
2018-05-17, Time
http://time.com/magazine/us/5280431/may-28th-2018-vol-191-no-20-u-s/

About five decades ago, the core values that make America great began to bring America down. The First Amendment became a tool for the wealthy to put a thumb on the scales of democracy. America’s rightly celebrated dedication to due process was used as an instrument to block government from enforcing job-safety rules ... and otherwise protecting the unprotected. Election reforms ... wound up undercutting democracy. Ingenious financial and legal engineering turned our economy ... into a casino with only a few big winners. Distinctly American ideas became the often unintended instruments for splitting the country into two classes: the protected and the unprotected. The protected overmatched, overran and paralyzed the government. The unprotected were left even further behind. Income inequality has soared: Middle-class wages have been nearly frozen for the last four decades, while earnings of the top 1% have nearly tripled. For adults in their 30s, the chance of earning more than their parents dropped to 50% from 90% just two generations earlier. Many of the most talented, driven Americans used what makes America great - the First Amendment, due process, financial and legal ingenuity, free markets and free trade, meritocracy, even democracy itself - to chase the American Dream. And they won it, for themselves. Then, in a way unprecedented in history, they were able to consolidate their winnings ... and pull up the ladder so more could not share in their success or challenge their primacy.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality.


Wells Fargo Still Hasn’t Gotten Ahead of Its Problems
2018-05-17,

On Thursday, the Wall Street Journal reported that Wells Fargo recently discovered that employees were improperly altering the documents of business borrowers, adding information to the accounts without the consent or notifying the clients. The latest issue comes only a week after news came out that Wells Fargo admitted it had improperly collected fees on a Tennessee public pension fund. Improper fees could be a widespread problem in its pension fund business. The bank’s wealth management unit is also under investigation for pressuring clients into rolling over their low-cost 401(k) accounts into more expensive alternatives. Wells Fargo has regularly said its problems are in the past, without spending the money it should to actually put those problems in the past. Wells Fargo, like other banks, doesn’t break out what it spends on compliance, and says it’s generally spending more, but in its most recent quarter it’s hard to see where. In February, the Federal Reserve sanctioned Wells Fargo for not having proper risk controls in place. The bank has since told shareholders it plans to cut costs, not raise them in order to improve compliance. The most recent problem ... appears to have come as Wells Fargo raced to comply with an order from regulators that it collect information on more than 100,000 accounts that it was supposed to have. It appears employees improperly altered the files, potentially adding false information, as part this regulatory review, once again showing a lack of oversight.

Note: Last year, it was reported that a Wells Fargo insurance scam defrauded 570,000 customers. The year before, this bank was caught opening millions of fake accounts using stolen customer identities. Wells Fargo fires employees and pays fines whenever these crimes are uncovered. But no bank executives are criminally prosecuted. And new problems continue coming to light. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.


F.D.A. Names and Shames Drug Makers to Encourage Generic Competition
2018-05-17, New York Times
https://www.nytimes.com/2018/05/17/health/drug-prices-generics-fda.html

Pharmaceutical companies that spend billions of dollars to develop new drugs do not want competitors to profit from inexpensive generic copies of blockbuster medicines. To avoid rivals, they ... sometimes prevent generic drug companies from obtaining samples. Dr. Scott Gottlieb, the commissioner of the Food and Drug Administration, calls this “gaming the system,” and has vowed to stop it. On Thursday, the F.D.A. took a new tack and began posting a list of makers of brand-name drugs that have been the target of complaints, to persuade them to “end the shenanigans,” in the commissioner’s words. Congressional efforts to force the companies to hand over samples of their drugs to generic competitors have not been successful. Generic drug developers usually need between 1,500 to 5,000 units of the brand drug to develop their product and test it. Both the F.D.A. and the Federal Trade Commission say securing the samples can be difficult. The F.D.A.’s new list includes drug companies the agency said may be pursuing gaming tactics to delay generic competition. Along with the name of each business, the agency noted how many inquiries it received from generic drug companies seeking supplies. Celgene, [which makes drugs to treat cancer and immune-inflammatory diseases], tops the list. Other companies ... included GlaxoSmithKline, Pfizer, Valeant Pharmaceuticals International, BioMarin Pharmaceutical, Gilead Sciences and Novartis Pharmaceuticals.

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


Why are for-profit US prisons subjecting detainees to forced labor?
2018-05-17, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/commentisfree/2018/may/17/us-private-prisons-forc...

In 2017, officials at the Stewart immigration detention center in Georgia placed Shoaib Ahmed, a 24-year-old immigrant from Bangladesh, in solitary confinement for encouraging fellow workers to stop working. His punishment was solitary confinement for 10 days. Stewart is operated by the largest prison corporation in the US, CoreCivic (formerly Corrections Corporation of America), under a contract with Immigration and Customs Enforcement (Ice). A growing number of detained immigrants ... are subjected to forced labor. In April, we filed a lawsuit ... against CoreCivic, alleging that the prison corporation violates human trafficking laws and employs a deprivation scheme to force immigrants detained at Stewart to work for sub-minimum wages, and then threatens to punish them for refusing to work through solitary confinement or loss of access to necessities. A lawsuit against Geo Group, another prison corporation, is moving forward for using similar practices. CoreCivic’s abuse and exploitation ... constitute a contemporary form of slavery as we detailed in a submission to the UN special rapporteur on the human rights of migrants. None of this bothered a group of 18 Republican lawmakers ... who sent a letter to Jeff Sessions, Ice, and the Department of Labor asking them to help ... Geo Group defend itself against the lawsuits. These legislators’ support for the prison corporations perhaps should not come as a surprise. Private prison companies contributed $1.6m during the 2016 federal election cycle.

Note: The federal class action lawsuit described in the article above was filed against CoreCivic by Project South jointly with the Southern Poverty Law Center, attorney Andrew Free, and the law firm Burns Charest LLP. For more along these lines, see concise summaries of deeply revealing news articles on prison industry corruption and the erosion of civil liberties.


What is Project Maven? Google Urged to Abandon U.S. Military Drone Program
2018-05-15, Newsweek
http://www.newsweek.com/project-maven-google-urged-abandon-work-military-dron...

Hundreds of academics have urged Google to abandon its work on a U.S. Department of Defense-led drone program codenamed “Project Maven”. An open letter calling for change was published Monday by the International Committee for Robot Arms Control (ICRAC). The project is formally known as the Algorithmic Warfare Cross-Functional Team. Its objective is “to turn the enormous volume of data available to DoD into actionable intelligence”. More than 3,000 Google staffers signed a petition in April in protest at the company's focus on warfare. “We believe that Google should not be in the business of war,” it read. “Therefore we ask that Project Maven be cancelled.” The ICRAC warned this week the project could potentially be mixed with general user data and exploited to aid “targeted killing.” Currently, its letter has nearly 500 signatures. It stated: “We are ... deeply concerned about the possible integration of Google’s data on people’s everyday lives with military surveillance data, and its combined application to targeted killing ... Google has moved into military work without subjecting itself to public debate or deliberation. While Google regularly decides the future of technology without democratic public engagement, its entry into military technologies casts the problems of private control of information infrastructure into high relief.” Lieutenant Colonel Garry Floyd, deputy chief of the Algorithmic Warfare Cross Functional Team, said ... earlier this month that Maven was already active in “five or six” combat locations.

Note: You can read the full employee petition on this webpage. The New York Times also published a good article on this. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and war.


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.