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Corporate Corruption Media Articles

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Microsoft’s climbdown over its creepy Recall feature shows its AI strategy is far from intelligent
2024-07-06, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/commentisfree/article/2024/jul/06/microsoft-recal...

Recall ... takes constant screenshots in the background while you go about your daily computer business. Microsoft’s Copilot+ machine-learning tech then scans (and “reads”) each of these screenshots in order to make a searchable database of every action performed on your computer and then stores it on the machine’s disk. “Recall is like bestowing a photographic memory on everyone who buys a Copilot+ PC,” [Microsoft marketing officer Yusuf] Mehdi said. “Anything you’ve ever seen or done, you’ll now more or less be able to find.” Charlie Stross, the sci-fi author and tech critic, called it a privacy “shit-show for any organisation that handles medical records or has a duty of legal confidentiality.” He also said: “Suddenly, every PC becomes a target for discovery during legal proceedings. Lawyers can subpoena your Recall database and search it, no longer being limited to email but being able to search for terms that came up in Teams or Slack or Signal messages, and potentially verbally via Zoom or Skype if speech-to-text is included in Recall data.” Faced with this pushback, Microsoft [announced] that Recall would be made opt-in instead of on by default, and also introducing extra security precautions – only producing results from Recall after user authentication, for example, and never decrypting data stored by the tool until after a search query. The only good news for Microsoft here is that it seems to have belatedly acknowledged that Recall has been a fiasco.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.


OnlyFans vows it's a safe space. Predators are exploiting kids there.
2024-07-02, Reuters
https://www.reuters.com/investigates/special-report/onlyfans-sex-children/

OnlyFans makes reassuring promises to the public: It’s strictly adults-only, with sophisticated measures to monitor every user, vet all content and swiftly remove and report any child sexual abuse material. Reuters documented 30 complaints in U.S. police and court records that child sexual abuse material appeared on the site between December 2019 and June 2024. The case files examined by the news organization cited more than 200 explicit videos and images of kids, including some adults having oral sex with toddlers. In one case, multiple videos of a minor remained on OnlyFans for more than a year, according to a child exploitation investigator who found them while assisting Reuters. OnlyFans “presents itself as a platform that provides unrivaled access to influencers, celebrities and models,” said Elly Hanson, a clinical psychologist and researcher who focuses on preventing sexual abuse and reducing its impact. “This is an attractive mix to many teens, who are pulled into its world of commodified sex, unprepared for what this entails.” In 2021 ... 102 Republican and Democratic members of the U.S. House of Representatives called on the Justice Department to investigate child sexual abuse on OnlyFans. The Justice Department told the lawmakers three months later that it couldn’t confirm or deny it was investigating OnlyFans. Contacted recently, a department spokesperson declined to comment further.

Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals from reliable major media sources.


Revolving door: You are free to influence us “behind the scenes,” FDA tells staff leaving for industry jobs
2024-07-01, The BMJ (Formerly British Medical Journal)
https://www.bmj.com/content/386/bmj.q1418.short

During his final three years at the US Food and Drug Administration the physician scientist Doran Fink’s work focused on reviewing covid-19 vaccines. But a decade after joining the agency Fink had accepted a job with Moderna, the covid vaccine manufacturer. As he left for the private sector, the FDA’s ethics programme staff emailed him guidelines on post-employment restrictions, “tailored to your situation.” The email, obtained by The BMJ under a freedom of information request, explained that, although US law prohibits a variety of types of lobbying contact, “they do not prohibit the former employee from other activities, including working ‘behind the scenes.’” The legal ability to work “behind the scenes” is enshrined in federal regulations and highlights a “critical, critical loophole” in US revolving door policy. Craig Holman, a government affairs lobbyist for the organisation Public Citizen, told The BMJ that the rules forbid various forms of direct lobbying contact but permit lobbying activity that is indirect. “So, people will leave government service and can immediately start doing influence peddling and lobbying,” Holman explained. “They can even run a lobbying campaign, as long as they don’t actually pick up the telephone and make the contact with their former officials.” A majority of former FDA reviewers take up jobs in industry. Since 2000 every FDA commissioner, the agency’s highest position, has gone on to work for industry.

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


Supreme Court opioid case makes it harder to shield wealth in bankruptcy
2024-06-29, Washington Post
https://www.washingtonpost.com/business/2024/06/29/bankruptcy-supreme-court-p...

A Supreme Court ruling against the opioid company Purdue Pharma ... substantially raised the bar for executives and owners trying to shield their wealth. Johnson & Johnson, Boy Scouts of America and Rite Aid are among the entities trying to handle a vast number of lawsuits in bankruptcy court, seeking to resolve all claims in a single settlement. These proceedings have echoes of the Purdue Pharma case decided by the Supreme Court on Thursday, in which the Sackler family, which owns the bankrupt opioid-maker, offered plaintiffs about $6 billion of the $11 billion they extracted from the company. In exchange, family members would have received immunity from future lawsuits, without filing for bankruptcy themselves. A 5-4 Supreme Court held that settlement was inadequate. Its ruling threw the massive bankruptcy case against Purdue Pharma into doubt after years of court battles over the company’s role in the nation’s opioid epidemic. The decision also adds a fresh wrinkle to a controversial legal strategy, called the Texas two-step, in which companies use a Texas law to split into separate companies and shift a large volume of legal claims onto the newly created entity. In the second step, the entity carrying the lawsuits files for bankruptcy and seeks to release its parent organization from all liability in exchange for a payout. Johnson & Johnson transferred some of its assets and all of the legal claims against it over asbestos-tainted talcum powder into a new legal entity that filed for Chapter 11. Boy Scouts of America ... agreed to pay $2.5 billion to settle claims of sexual abuse in bankruptcy court, a deal that shields from future litigation insurance companies as well as schools, churches and community organizations involved with the nonprofit.

Note: For more like this, read about how powerful corporations use the bankruptcy system to dodge lawsuits over sexual abuse and deadly products. Along US opioid industry lines, read how the industry operated like a drug cartel. Watch our Mindful News Brief video on how the deadly War on Drugs protects the activities of the rich and powerful: military-intelligence interests within the US government, big banks, Big Pharma, and drug cartels.


Tobacco giant accused of ‘manipulating science’ to attract non-smokers
2024-06-28, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/global-development/article/2024/jun/28/tobacco-gi...

The tobacco company Philip Morris International has been accused of “manipulating science for profit” through funding research and advocacy work with scientists. Campaigners say that leaked documents from PMI and its Japanese affiliate also reveal plans to target politicians, doctors and the 2020 Tokyo Olympics as part of the multinational’s marketing strategy to attract non-smokers to its heated tobacco product, IQOS. A paper from researchers at the Tobacco Control Research Group at the University of Bath said that Philip Morris Japan (PMJ), funded a Kyoto University study into smoking cessation via a third-party research organisation. The researchers said they could find no public record of PMJ’s involvement, although a PMI spokesperson said its involvement had been attributed when the results were presented at a scientific conference in Greece in 2021. PMJ paid about £20,000 a month to FTI-Innovations, a life sciences consultancy run by a Tokyo University professor, for tasks such as promoting PMI’s science and products at academic events. In one internal email, a PMJ employee claimed they had been told “to keep it a secret”. Dr Sophie Braznell, one of [the paper's] authors, said: “The manipulation of science for profit harms us all, especially policymakers and consumers. It slows down and undermines public health policies, while encouraging the widespread use of harmful products.”

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


Secretary of Defense Lloyd Austin ‘shielded’ biotech firms in gain-of-function research audit, GOP senator claims
2024-06-26, New York Post
https://nypost.com/2024/06/26/us-news/secretary-of-defense-lloyd-austin-shiel...

A recent audit of Pentagon funding of gain-of-function research outside the US “may have shielded” collaborations with Chinese biotech firms — including at least one linked to Beijing’s military, a Republican senator alleged. Sen. Roger Marshall (R-Kan.) pressed Defense Secretary Lloyd Austin for answers about redactions that had concealed the firms — WuXi AppTec, Pharmaron Beijing Co., and Genscript Inc. — from public scrutiny in the audit, according to a letter. “American taxpayers deserve transparency about the programs they are funding, and I am disappointed this OIG report does not provide that accountability,” Marshall wrote. According to the Defense Department Office of Inspector General audit, more than $15.5 million in grants between 2014 and 2023 flowed through subrecipients to “contracting research organization[s] in China or other foreign countries for research related to potential enhancement of pathogens of pandemic potential.” However, the 20-page audit cited “significant limitations with the adequacy of data” — and said the Pentagon “did not track funding at the level of detail necessary to determine whether the DoD provided funding ... for the gain-of-function experiments. Such research is classified as “offensive biological work” by the Pentagon, which Marshall said “raises questions” about National Institutes of Health (NIH) officials having admitted this year to funding gain-of-function experiments at the ... Wuhan Institute of Virology.

Note: Watch our 15-min Mindful News Brief video on the strong evidence that bioweapons research created COVID-19. For more along these lines, see concise summaries of deeply revealing news articles on COVID-19 and military corruption from reliable major media sources.


Plastics companies blocked mitigation efforts and may have broken US laws
2024-06-26, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/environment/article/2024/jun/26/plastics-companie...

Research from the Center for International Environmental Law (CIEL) details the widespread burdens that plastic pollution places on US cities and states, and argues that plastic producers may be breaking public-nuisance, product-liability and consumer-protection laws. It comes as cities such as Baltimore have begun to file claims against plastic manufacturers, but the authors write that existing cases “are likely only the beginning, as more states and municipalities grapple with the challenges of accumulating plastic waste and microplastics contamination.” Taxpayers foot the bill to clean plastic pollution from streets and waterways, and research shows people could ingest the equivalent of one credit card’s worth of plastic per week. From 1950 to 2000, global plastic production soared from 2m tons to 234m tons annually. And over the next 20 years, production more than doubled to 460m tons in 2019. As the public grew concerned about plastic pollution, the industry responded with “sophisticated marketing campaigns” to shift blame from producers to consumers – for instance, by popularizing the term litterbug. Plastic has clogged sewer grates, leading to increased flooding. It has also exposed populations to microplastics. The report outlines different legal theories that could help governments pursue accountability. Nuisance could account for the harms themselves ... and consumer-protection law could be used to combat deceitful marketing practices.

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


Silicon Valley Rushes Toward Automated Warfare That Deeply Incorporates AI
2024-06-25, Truthout
https://truthout.org/articles/silicon-valley-rushes-toward-automated-warfare-...

Venture capital and military startup firms in Silicon Valley have begun aggressively selling a version of automated warfare that will deeply incorporate artificial intelligence (AI). This surge of support for emerging military technologies is driven by the ultimate rationale of the military-industrial complex: vast sums of money to be made. Untold billions of dollars of private money now pouring into firms seeking to expand the frontiers of techno-war. According to the New York Times, $125 billion over the past four years. Whatever the numbers, the tech sector and its financial backers sense that there are massive amounts of money to be made in next-generation weaponry and aren’t about to let anyone stand in their way. Meanwhile, an investigation by Eric Lipton of the New York Times found that venture capitalists and startup firms already pushing the pace on AI-driven warfare are also busily hiring ex-military and Pentagon officials to do their bidding. Former Google CEO Eric Schmidt [has] become a virtual philosopher king when it comes to how new technology will reshape society. [Schmidt] laid out his views in a 2021 book modestly entitled The Age of AI and Our Human Future, coauthored with none other than the late Henry Kissinger. Schmidt is aware of the potential perils of AI, but he’s also at the center of efforts to promote its military applications. AI is coming, and its impact on our lives, whether in war or peace, is likely to stagger the imagination.

Note: Learn more about emerging warfare technology in our comprehensive Military-Intelligence Corruption Information Center. For more, see concise summaries of deeply revealing news articles on AI from reliable major media sources.


The Opaque Industry Secretly Inflating Prices for Prescription Drugs
2024-06-21, New York Times
https://www.nytimes.com/2024/06/21/business/prescription-drug-costs-pbm.html

Americans are paying too much for prescription drugs. Pharmacy benefit managers ... are driving up drug costs for millions of people, employers and the government. The three largest pharmacy benefit managers, or P.B.M.s, act as middlemen overseeing prescriptions for more than 200 million Americans. They are owned by huge health care conglomerates — CVS Health, Cigna and UnitedHealth Group — and are hired by employers and governments. The job of the P.B.M.s is to reduce drug costs. Instead, they frequently do the opposite. They steer patients toward pricier drugs, charge steep markups on what would otherwise be inexpensive medicines and extract billions of dollars in hidden fees. Most Americans get their health insurance through a government program like Medicare or through an employer, which pay for two different types of insurance for each person. One type covers visits to doctors and hospitals, and it is handled by an insurance company. The other pays for prescriptions. That is overseen by a P.B.M. The P.B.M. negotiates with drug companies, pays pharmacies and helps decide which drugs patients can get at what price. In theory, everyone saves money. But those savings appear to be largely a mirage, a product of a system where prices have been artificially inflated so that major P.B.M.s and drug companies can boost their profits while taking credit for reducing prices.

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


FedEx’s Secretive Police Force Is Helping Cops Build An AI Car Surveillance Network
2024-06-19, Forbes
https://www.forbes.com/sites/thomasbrewster/2024/06/19/fedex-police-help-cops...

Twenty years ago, FedEx established its own police force. Now it's working with local police to build out an AI car surveillance network. The shipping and business services company is using AI tools made by Flock Safety, a $4 billion car surveillance startup, to monitor its distribution and cargo facilities across the United States. As part of the deal, FedEx is providing its Flock surveillance feeds to law enforcement, an arrangement that Flock has with at least four multi-billion dollar private companies. Some local police departments are also sharing their Flock feeds with FedEx — a rare instance of a private company availing itself of a police surveillance apparatus. Such close collaboration has the potential to dramatically expand Flock’s car surveillance network, which already spans 4,000 cities across over 40 states and some 40,000 cameras that track vehicles by license plate, make, model, color and other identifying characteristics, like dents or bumper stickers. Jay Stanley ... at the American Civil Liberties Union, said it was “profoundly disconcerting” that FedEx was exchanging data with law enforcement as part of Flock’s “mass surveillance” system. “It raises questions about why a private company ... would have privileged access to data that normally is only available to law enforcement,” he said. Forbes previously found that [Flock] had itself likely broken the law across various states by installing cameras without the right permits.

Note: For more along these lines, see concise summaries of deeply revealing news articles on AI and the disappearance of privacy from reliable major media sources.


Kansas Sues Pfizer Over Covid-19 Vaccine’s Safety, Efficacy
2024-06-17, Bloomberg
https://news.bloomberglaw.com/health-law-and-business/kansas-sues-pfizer-over...

Kansas on Monday sued Pfizer Inc., accusing the pharmaceutical giant of misrepresenting the safety of its Covid-19 vaccine and violating the state’s consumer protection law. The lawsuit was filed by state Attorney General Kris Kobach in Kansas District Court, Thomas County. The suit alleges the drugmaker misled the public when it said it had a safe and effective Covid-19 vaccine. “Pfizer said its COVID-19 vaccine was safe even though it knew its COVID-19 vaccine was connected to serious adverse events, including myocarditis and pericarditis, failed pregnancies, and deaths,” the state wrote in the complaint. The company administered more than 3.5 million vaccine doses in Kansas as of Feb. 7, 2024, according to the lawsuit. The complaint also said Pfizer maintained its own adverse events database, separate from the federal Vaccine Adverse Event Reporting System (VAERS), a national early warning system managed by the Food and Drug Administration and Centers for Disease Control and Prevention to detect possible safety problems in US-licensed vaccines. Pfizer’s database contained cases of adverse events reported spontaneously to Pfizer, cases reported by the health authorities, and cases published in the medical literature, according to the suit. “Pfizer’s adverse events database contained more adverse event data than VAERS because it included both information in VAERS and information not in VAERS,” Kobach wrote.

Note: For more along these lines, see concise summaries of news articles on COVID vaccines from reliable major media sources.


Intelligence Officials Secretly Paid by Big Tech to Fight Antitrust Reforms
2024-06-14, Lee Fang on Substack
https://www.leefang.com/p/intelligence-officials-secretly-paid

High-level former intelligence and national security officials have provided crucial assistance to Silicon Valley giants as the tech firms fought off efforts to weaken online monopolies. John Ratcliffe, the former Director of National Intelligence, Brian Cavanaugh, a former intelligence aide in the White House, and [former White House National Security Advisor Robert] O'Brien jointly wrote to congressional leaders, warning darkly that certain legislative proposals to check the power of Amazon, Google, Meta, and Apple would embolden America's enemies. The letter left unmentioned that the former officials were paid by tech industry lobbyists at the time as part of a campaign to suppress support for the legislation. The Open App Markets App was designed to break Apple and Google's duopoly over the smartphone app store market. The companies use their control over the app markets to force app developers to pay as much as 30 percent in fees on every transaction. Breaking up Apple and Google’s hold over the smartphone app store would enable greater free expression and innovation. The American Innovation and Choice Online Act similarly encourages competition by preventing tech platforms from self-preferencing their own products. The Silicon Valley giants deployed hundreds of millions of dollars in lobbying efforts to stymie the reforms. For Republicans, they crafted messages on national security and jobs. For Democrats, as other reports have revealed, tech giants paid LGBT, Black, and Latino organizations to lobby against the reforms, claiming that powerful tech platforms are beneficial to communities of color and that greater competition online would lead to a rise in hate speech.The lobbying tactics have so far paid off. Every major tech antitrust and competition bill in Congress has died over the last four years.

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


Global rush for farmland could trigger world war, documentary argues
2024-06-14, The Hill
https://thehill.com/policy/energy-environment/4720483-farmland-water-internat...

A global network of powerful entities, fueled in part by Wall Street, is buying up land and water around the world. This global land rush has led to wrecked wells and lost farms from Arizona to Zambia — and it risks sowing the seeds for future global conflict, according to “The Grab,” a new documentary out today from Gabriela Cowperthwaite. The film follows a seven-year investigation by producer and journalist Nathan Halverson of The Center for Investigative Reporting. In part, “The Grab” argues that power is being exercised over individual landowners by a convoluted and opaque network of sovereign wealth funds, national governments and Wall Street. One critical focus of this push is Africa. Halverson interviewed Brig Siachitema, an activist in the Zambian town of Serenje, where he says foreign investors have been buying up the ancestral land of villagers and kicking them off it. Late in the movie, he presents La Paz County Supervisor Holly Irwin with evidence that the Arizona State Retirement System — her own pension fund — is invested in the project that is draining the aquifer beneath the county. Rather than fighting to protect U.S. land and food from other multinational corporations, “the governments are working for the corporations.” There are enough calories worldwide to feed a growing global population, even with climate change, and even in 2050. The race to lock down resources, and governments’ panic over the unrest caused by spiking food prices, risks scaling up to a war between great powers.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in the financial system and in the corporate world from reliable major media sources.


OpenAI adds former NSA chief to its board
2024-06-13, CNBC News
https://www.cnbc.com/2024/06/13/openai-adds-former-nsa-chief-to-its-board-pau...

OpenAI on Thursday announced its newest board member: Paul M. Nakasone, a retired U.S. Army general and former director of the National Security Agency. Nakasone was the longest-serving leader of the U.S. Cyber Command and chief of the Central Security Service. The company said Nakasone will also join OpenAI’s recently created Safety and Security Committee. The committee is spending 90 days evaluating the company’s processes and safeguards before making recommendations to the board and, eventually, updating the public, OpenAI said. OpenAI is bolstering its board and its C-suite as its large language models gain importance across the tech sector and as competition rapidly emerges in the burgeoning generative artificial intelligence market. While the company has been in hyper-growth mode since late 2022, when it launched ChatGPT, OpenAI has also been riddled with controversy and high-level employee departures. The company said Sarah Friar, previously CEO of Nextdoor and finance chief at Square, is joining as chief financial officer. OpenAI also hired Kevin Weil, an ex-president at Planet Labs, as its new chief product officer. Weil was previously a senior vice president at Twitter and a vice president at Facebook and Instagram. Weil’s product team will focus on “applying our research to products and services that benefit consumers, developers, and businesses,” the company wrote.

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


‘The big story of the 21st century’: is this the most shocking documentary of the year?
2024-06-12, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/film/article/2024/jun/12/the-grab-documentary-review

The Grab [is] a riveting new documentary which outlines the move by national governments, financial investors and private security forces to snap up food and water resources. What oil was to the 20th century, food and water will be to the 21st – precious, geopolitically powerful and contested. “The 20th century had Opec,” says [Nate] Halverson ... a journalist with the Center for Investigative Reporting. “In the future, we’re going to have Food Pec. [In] rural La Paz county, Arizona, a Saudi company bought about 15 square miles of farmland [and] drained the region’s aquifers beyond a generation’s worth of rain. Residents describe going without water, discovering empty wells, their houses cracked and sinking, with little recourse. The film connects their confusion to the despair of Zambian farmers displaced, via a complicated and westernized deeds system, by mercenary militias to make way for commercial farmland controlled by outside actors from various countries – China, Gulf states, the US. The culprit is not one country or company but a shadowy network of mercenary interests. Halverson and his team [obtained] ... a year’s worth of emails within the private equity firm Frontier Resource Group, founded by Erik Prince, who also founded and was the CEO of the military contracting company Blackwater – a notorious mercenary group during the US invasion of Iraq. The emails, from 2012, reveal a clear plan to obtain, by whatever means necessary, land in Africa to fulfill competing national interests. "I just want people to have great information ... because right now the people that have this information are the CIA, and Wall Street, and foreign governments and very wealthy people.”

Note: Why is the founder of Blackwater, a US defense contractor tied to countless scandals and criminal activities, buying up land in Africa? For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.


Ozempic and Mounjaro makers could be hit with 10,000 lawsuits over claims the drugs cause life-threatening side effects
2024-06-12, Daily Mail (One of the UK's Popular Newspapers)
https://www.dailymail.co.uk/health/article-13522187/patients-lawsuit-ozempic-...

The pharma firms behind blockbuster weight loss drugs could face up to 10,000 lawsuits from patients who claim the drugs caused debilitating side effects like stomach paralysis and 'tearing holes' in the food pipe. Ozempic and sister shots like Wegovy and Mounjaro have recently come under fire over claims that the injections cause a roster of complications patients were allegedly not warned about. One woman told DailyMail.com that she suffered life-threatening stomach paralysis after taking Mounjaro, and has now joined a massive lawsuit against its maker Eli Lilly and Ozempic manufacturer Novo Nordisk. She claims she may never eat a solid meal again. Another said Ozempic caused so much internal damage she had to have her gallbladder removed, while another said the drug induced such violent vomiting it tore a hole in her esophagus. Now, Robert Peirce & Associates, a law firm based in Pittsburgh, estimates that the number of plaintiffs could explode to as many as 10,000. In addition to lawsuits, some patients have also claimed the drugs caused suicidal thoughts, psychosis, and appearance issues like deflated breasts. 'Unfortunately, the manufacturers of Ozempic and other GLP-1 agonists failed to adequately warn of the associated risks,' the Robert Peirce & Associates team wrote. Attorney Ken Moll ... said it was 'unconscionable' that the firms still hadn't added warnings to their labels which warn about the risk of gastroparesis and stomach paralysis.

Note: It is now estimated that 1 in 8 adults in the US have taken Ozempic or another weight-loss drug. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.


Corporate Landlords' Profits Soar as Tenants Drown in Rent Hikes and Fees
2024-06-12, Common Dreams
https://www.commondreams.org/news/corporate-landlords

An analysis from Accountable.US showed how more than 100 million people who rent their homes in the U.S. are not seeing the benefits of what one Biden spokesperson called "the great American comeback" in their housing costs, particularly millions of people whose homes are owned by corporate landlords. The government watchdog found that the six largest corporate landlord companies brought in close to a combined $300 million in increased profits in the first quarter of 2024, with the profits mostly stemming from rent hikes. Overall in the U.S., rent prices have skyrocketed by 31.4% since 2019 while wages have increased by just 23%, meaning tenants need to earn nearly $80,000 per year to keep from being rent-burdened. The six companies included in the Accountable.US analysis on Wednesday have more than rent increases in common: They have all faced lawsuits regarding their use of the property management software company RealPage, which is alleged to have used an algorithm to fix rent prices, impacting about 16 million rental units in the United States. The group's analysis was released weeks after the Federal Bureau of Investigation conducted a raid on an Atlanta-based property management firm in the Department of Justice's antitrust investigation into RealPage regarding "allegations of a nationwide conspiracy to artificially inflate apartment rents." RealPage's ... influence covers 70% of multifamily apartment buildings.

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


Banana giant held liable for funding paramilitaries
2024-06-11, BBC News
https://www.bbc.com/news/articles/c6pprpd3x96o

A court in the United States has found multinational fruit company Chiquita Brands International liable for financing a Colombian paramilitary group. The group, the United Self-Defence Forces of Colombia (AUC), was designated by the US as a terrorist organisation at the time. Following a civil case brought by eight Colombian families whose relatives were killed by the AUC, Chiquita has been ordered to pay $38.3m (£30m) in damages to the families. The AUC engaged in widespread human rights abuses in Colombia, including murdering people it suspected of links with left-wing rebels. The victims ranged from trade unionists to banana workers. The case was brought by the families after Chiquita pleaded guilty in 2007 to making payments to the AUC. During the 2007 trial, it was revealed that Chiquita had made payments amounting to more than $1.7m to the AUC in the six years from 1997 to 2004. The banana giant said that it began making the payments after the leader of the AUC at the time, Carlos Castaño, implied that staff and property belonging to Chiquita's subsidiary in Colombia could be harmed if the money was not forthcoming. The AUC claimed to have been created to defend landowners from ... left-wing rebels, the paramilitary group more often acted as a death squad for drug traffickers. At its height, it had an estimated 30,000 members who engaged in intimidation, drug trafficking, extortion, forced displacement and killings.

Note: Read more about Chiquita's payments to this Colombian paramilitary group. Chiquita succeeded the United Fruit Company, which once owned most of the land in Guatemala and had close ties with the CIA. When Guatemala's democratically elected president aimed to nationalize land, US covert operations installed a military dictator, returning the land to United Fruit. This led to a bloody 40-year civil war and a series of repressive military regimes, armed with CIA-funded weapons.


Big Food, Big Profits, Big Lies
2024-06-03, The Lever
https://www.levernews.com/big-food-big-profits-big-lies/

Food costs have skyrocketed. Americans paid roughly 25 percent more on groceries and dining out this March than they paid in January 2020, outpacing the rate of general inflation. Over that same period, the companies behind the country’s 10 largest grocery and restaurant brands have together returned or pledged to return more than $77 billion to shareholders. The Department of Agriculture calculates that the average American spent 11 percent of their disposable income on food in 2022, the highest amount in nearly four decades. Grocery prices rose over 10 percent that year alone, the largest annual increase since the 1970s. According to an analysis by Food and Water Watch, a corporate watchdog group, food costs for an average family of four living on a “thrifty” budget increased 50 percent from January 2020 to January 2024, from $654 to $976 a month. The number of households facing food insecurity grew by 3.5 million between 2020 and 2022. Some 28 million adults in America lack constant access to enough food to lead an active and healthy life, forcing them to eat unbalanced diets, cut portion sizes, and skip meals. The nation’s biggest food processors and retailers [are] spending billions of their record profits buying back their own shares on the open market to inflate stock value and issuing generous dividends. The main purpose of buybacks is to enrich senior corporate executives and hedge-fund managers.

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


News Publishers Try To Sic the Government on Google AI
2024-06-03, Reason
https://reason.com/2024/06/03/news-publishers-try-to-sic-the-government-on-go...

"Agency intervention is necessary to stop the existential threat Google poses to original content creators," the News/Media Alliance—a major news industry trade group—wrote in a letter to the Department of Justice (DOJ) and the Federal Trade Commission (FTC). It asked the agencies to use antitrust authority "to stop Google's latest expansion of AI Overviews," a search engine innovation that Google has been rolling out recently. Overviews offer up short, AI-generated summaries paired with brief bits of text from linked websites. Overviews give "comprehensive answers without the user ever having to click to another page," the The New York Times warns. And this worries websites that rely on Google to drive much of their traffic. "It potentially chokes off the original creators of the content," Frank Pine, executive editor of MediaNews Group and Tribune Publishing (owner of 68 daily newspapers), told the Times. Media websites have gotten used to Google searches sending them a certain amount of traffic. But that doesn't mean Google is obligated to continue sending them that same amount of traffic forever. It is possible that Google's pivot to AI was hastened by how hostile news media has been to tech companies. We've seen publishers demanding that search engines and social platforms pay them for the privilege of sharing news links, even though this arrangement benefits publications (arguably more than it does tech companies) by driving traffic.

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