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Corporate Corruption News Stories
Excerpts of Key Corporate Corruption News Stories in Major Media


Below are highly revealing excerpts of important corporate corruption news stories reported in the media that suggest a major cover-up. Links are provided to the full stories on their major media websites. If any link fails to function, read this webpage. These corporate corruption news stories are listed by date posted to this webpage. You can explore the same articles listed by order of importance or by article date. By choosing to educate ourselves on these important issues and to spread the word, we can and will build a brighter future.

Note: This comprehensive list of corporate corruption news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Philippines Orders Probe Into Sanofi Dengue Vaccine for 730,000 Children
2017-12-04, New York Times/Reuters
Posted: 2017-12-11 04:21:52
https://www.nytimes.com/reuters/2017/12/04/business/04reuters-sanofi-dengue-p...

The Philippines ordered an investigation on Monday into the immunization of more than 730,000 children with a vaccine for dengue that has been suspended following an announcement by French drug company Sanofi that it could worsen the disease in some cases. The World Health Organization said it hoped to conduct a full review by year-end of data on the vaccine, commercially known as Dengvaxia. In the meantime, the WHO recommended that it only be used in people who had a prior infection with dengue. The government of Brazil, where dengue is a significant health challenge, confirmed it already had recommended restricted use of the vaccine but had not suspended it entirely. Amid mounting public concern, Sanofi explained its "new findings" at a news conference in Manila but did not say why action was not taken after a WHO report in mid-2016 that identified the risk it was now flagging. A non-governmental organization (NGO) said it had received information that three children who were vaccinated with Dengvaxia in the Philippines had died and a senator said he was aware of two cases. Last week, the Philippines Department of Health halted the use of Dengvaxia after Sanofi said it must be strictly limited due to evidence it can worsen the disease in people not previously exposed to the infection. Nearly 734,000 children aged 9 and over in the Philippines have received one dose of the vaccine as part of a program that cost 3.5 billion pesos ($69.54 million).

Note: This US government webpage states, "Since 1988, over 18,897 petitions have been filed with the VICP [Vaccine Injury Compensation Program]. Over that 29-year time period, 16,857 petitions have been adjudicated, with 5,782 of those determined to be compensable. Total compensation paid over the life of the program is approximately $3.7 billion." Why aren't these large numbers being reported in the media? For more along these lines, see concise summaries of deeply revealing vaccine controversy news articles from reliable major media sources.


Sugar Industry Long Downplayed Potential Harms
2017-11-21, New York Times
Posted: 2017-12-11 03:59:58
https://www.nytimes.com/2017/11/21/well/eat/sugar-industry-long-downplayed-po...

The sugar industry funded animal research in the 1960s that looked into the effects of sugar consumption on cardiovascular health - and then buried the data when it suggested that sugar could be harmful, according to newly released historical documents. Stanton Glantz, a professor of medicine at U.C.S.F. and an author of the new report, said that even though the newly discovered documents are 50 years old, they are important because they point to a decades-long strategy to downplay the potential health effects of sugar consumption. “This is continuing to build the case that the sugar industry has a long history of manipulating science,” Dr. Glantz said. The documents described in the new report are part of a cache of internal sugar industry communications that Cristin E. Kearns, an assistant professor at the U.C.S.F. School of Dentistry, discovered in recent years. Last year, an article in The New York Times highlighted some of the previous documents that Dr. Kearns had uncovered, which showed that the sugar industry launched a campaign in the 1960s to counter “negative attitudes toward sugar” in part by funding sugar research that could produce favorable results. The campaign was orchestrated by John Hickson, a top executive at the sugar association who later joined the tobacco industry. Mr. Hickson secretly paid two influential Harvard scientists to publish a major review paper in 1967 that minimized the link between sugar and heart health and shifted blame to saturated fat.

Note: Read more about the sugar industry conspiracy. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the scientific community.


Report: Industry hid decades-old study showing sugar's unhealthy effects
2017-12-08, Chicago Tribune
Posted: 2017-12-11 03:57:55
http://www.chicagotribune.com/lifestyles/health/sc-hlth-industry-hid-effects-...

More than four decades ago, a study in rats funded by the sugar industry found evidence linking the sweetener to heart disease and bladder cancer. The results of that study were never made public. Instead, the sugar industry pulled the plug on the study and buried the evidence, said senior researcher Stanton Glantz, a professor of medicine and director of the University of California, San Francisco (UCSF) Center for Tobacco Control Research and Education. Glantz likened this to suppressed Big Tobacco internal research linking smoking with heart disease and cancer. "This was an experiment that produced evidence that contradicted the scientific position of the sugar industry," Glantz said. "It certainly would have contributed to increasing our understanding of the cardiovascular risk associated with eating a lot of sugar, and they didn't want that." Researchers at the University of Birmingham in England conducted Project 259 between 1967 and 1971, comparing how lab rats fared when fed table sugar versus starch. The scientists specifically looked at how gut bacteria processed the two different forms of carbohydrate. Early results in August 1970 indicated that rats fed a high-sugar diet experienced an increase in blood levels of triglycerides, a type of fat that contributes to cholesterol. Rats fed loads of sugar also appeared to have elevated levels of beta-glucuronidase, an enzyme previously associated with bladder cancer in humans, the researchers said.

Note: Read more about the sugar industry conspiracy. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the scientific community.


Shell should face investigation over murder and rape by Nigerian military, says Amnesty International
2017-11-28, The Independent (One of the UK's leading newspapers)
Posted: 2017-12-04 03:35:32
http://www.independent.co.uk/news/business/news/shell-nigeria-murder-rape-mil...

Shell should face investigations in three countries for alleged complicity in Nigerian government abuses, including murder and rape, more than two decades ago in the oil-rich Niger River delta, Amnesty International said. Authorities in Nigeria, the Netherlands and UK should investigate Shell’s conduct, especially in the Ogoni area of the southern delta, the London-based human-rights group said. Violations linked to Europe’s largest energy company amounted to criminal infractions for which it should be prosecuted, it said. “The evidence we have reviewed shows that Shell repeatedly encouraged the Nigerian military to deal with community protests, even when it knew the horrors this would lead to,” Audrey Gaughran, director of Global Issues at Amnesty International, said. Shell “even provided the military with material support, including transport, and in at least one instance paid a military commander notorious for human rights violations,” she said. Shell, the oldest energy company in Africa’s biggest oil producer, operates a joint venture with the government that pumps more than a third of the nation’s crude, the state’s main source of revenue. Other joint ventures are run by ExxonMobil, Chevron, Total and Eni. Protests by the Ogoni ethnic minority against Shell in the 1990s alleging widespread pollution and environmental degradation prompted a repressive response from the military government then in power. Nine ethnic-minority activists, including the writer Ken Saro-Wiwa, were executed in 1995.

Note: It was reported in 2010 that pollution linked to oil production had reduced rural Nigerian life expectancy to "little more than 40 years of age". For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.


Trump's Swamp of Billionaires and Lobbyists Revealed in Secret White House Visitor Logs
2017-11-22, Newsweek
Posted: 2017-12-04 03:27:53
http://www.newsweek.com/donald-trump-white-house-billionaires-big-business-in...

Wall Street billionaires, corporate lobbyists and far right conservatives flooded the White House almost immediately after Donald Trump’s presidential victory, newly released White House visitor logs reveal. The White House was forced to release the list of visitors ... after the Washington transparency group Property of the People sued. The searchable logs, published Tuesday by ProPublica, provide a glimpse into the creation of the president’s political agenda, spearheaded almost entirely by business interests. Officials at the Office of Management and Budget, for example, met periodically with CEOs from the health care industry and big businesses, a handful of lobbyists representing Koch Industries and several billionaires. The logs also reveal how much money can be spent by lobbying groups just to get their foot in the door. Budget chief Mick Mulvaney’s former congressional Chief of Staff Al Simpson was hired by the lobbying firm Mercury in February, soon after Trump appointed Mulvaney to run the management and budget office. Clients, including powerhouse corporations like Cemex and pharma firms like AmerisourceBergen, paid Simpson’s lobbying firm $360,000 throughout 2017. The purposes behind several White House meetings remain shrouded in mystery. For example, Mulvaney met with Jeff Bell, a member of the controversial religious group Opus Dei. Meanwhile, out of the 8,807 meetings and people listed in the logs, 2,169 names and subject matter are redacted - nearly 25 percent of the data dump.

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


Web of secret money hides one mega-donor funding conservative court
2017-11-21, Sacramento Bee (Leading newspaper of California's capital city)
Posted: 2017-12-04 03:25:49
http://www.sacbee.com/news/politics-government/article185832818.html

A small nonprofit called the Judicial Crisis Network poured millions into a campaign to stop the Senate from confirming Barack Obama’s Supreme Court pick last year, and then spent millions more supporting President Donald Trump’s choice for the same seat. JCN’s money came almost entirely from yet another secretive nonprofit, the Wellspring Committee, which flooded JCN with nearly $23.5 million in 2016. Most of Wellspring’s funds, in turn, came from a single mysterious donor who gave the organization almost $28.5 million. Like JCN, Wellspring - at one time tied to ... conservative industrialists Charles and David Koch - is a nonprofit that is supposed to be dedicated to social welfare functions and doesn’t have to disclose the names of its benefactors. Since the 2010 Citizens United Supreme Court decision loosened certain constraints on political spending, these and other ... groups have become increasingly politically active while providing anonymity to their donors. "Wellspring Committee acted as a dark money conduit to provide an extra layer of secrecy to whomever was bankrolling the Judicial Crisis Network ads," [said] Brendan Fischer of the ... Campaign Legal Center. "This has the effect of layering secrecy on top of secrecy, and almost entirely insulating donors from any form of public accountability." The American Future Fund, another former Koch “dark money” nonprofit, pulled in $2 million from Wellspring last year. It spent more than $12.7 million in 2016 federal elections without disclosing its donors.

Note: Read more about the influence of billionaire oligarchs on US politics. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.


Brands pull YouTube ads over images of children
2017-11-24, CNBC News/Reuters
Posted: 2017-12-04 03:24:00
https://www.cnbc.com/2017/11/24/reuters-america-brands-pull-youtube-ads-over-...

Lidl, Cadbury maker Mondelez, Diageo and other big companies have pulled advertising from YouTube after the Times newspaper found the video sharing site was showing clips of scantily clad children alongside the ads of major brands. Comments from hundreds of paedophiles were posted alongside the images, which appeared to have been uploaded by the children themselves. One video of a pre-teenage girl in a nightie drew 6.5 million views. The paper said YouTube, a unit of Alphabet subsidiary Google, had allowed sexualised imagery of children to be easily searchable and not lived up to promises to better monitor and police its services to protect children. German discount retailer Lidl, Diageo - the maker of Smirnoff vodka and Johnnie Walker whiskey - and Cadbury chocolate maker Mondelez confirmed they had pulled advertising campaigns from YouTube. "It is ... clear that the strict policies which Google has assured us were in place to tackle offensive content are ineffective," a Lidl spokeswoman said. Diageo said it was deeply concerned and had begun an urgent investigation. "We are enforcing an immediate stop of all YouTube advertising until we are confident the appropriate safeguards are in place," the company said. The Times investigation alleged that YouTube does not pro-actively check for inappropriate images of children but instead relies on software algorithms, external non-government organisations and police forces to flag such content.

Note: Read a much more in-depth article on serious problems with kids videos on the Internet. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


50 Workers Fired For Refusing Flu Shot
2017-11-21, NBC (Chicago Affiliate)/Associated Press
Posted: 2017-12-04 03:22:13
https://www.nbcchicago.com/news/local/50-Workers-Fired-For-Refusing-Flu-Shot-...

A Minnesota-based health system has fired about 50 employees who refused to get a flu shot. Essentia Health announced last month that employees would be required to get vaccinated for influenza unless they received a religious or medical exemption. The company said it wanted to help keep patients from getting sick at its 15 hospitals and 75 clinics in Minnesota, Idaho, North Dakota and Wisconsin. Essentia says 99 percent of the company's 13,900 eligible employees had gotten the shot, received an exemption or were getting an exemption by the Monday deadline. The United Steelworkers filed an injunction to try to delay the policy, but a federal judge denied the request. Minnesota Public Radio reports at least two other unions are filing grievances on behalf of workers who lost their jobs.

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


FCC net neutrality process ‘corrupted’ by fake comments and vanishing consumer complaints, officials say
2017-11-24, Washington Post
Posted: 2017-11-27 01:40:22
https://www.washingtonpost.com/news/the-switch/wp/2017/11/24/fcc-net-neutrali...

As the Federal Communications Commission prepares to dismantle its net neutrality rules for Internet providers, a mounting backlash from agency critics is zeroing in on what they say are thousands of fake or automated comments submitted to the FCC that unfairly skewed the policymaking process. “The process the FCC has employed,” wrote New York Attorney General Eric Schneiderman this week in a letter to the FCC, “... has been corrupted by the fraudulent use of Americans’ identities.” The New York attorney general's office has been reviewing the comments filed at the FCC on net neutrality. It found that “hundreds of thousands” of submissions may have impersonated New York residents. Some consumers have complained ... that their own names or addresses have been hijacked and used to submit false comments to the FCC. Public comments play an important role at the FCC, which typically solicits feedback from Americans before it votes. At its Dec. 14 meeting, the FCC plans to repeal Obama-era regulations that aimed at ensuring all websites, large and small, are treated equally by Internet providers. Without the rules, Internet providers could begin charging some websites or services more to reach ... regular Internet users. Internet providers have also spent significant time and money lobbying for the regulations to be reversed. And some of the public comments ... bear a striking resemblance to industry talking points.

Note: In the first quarter of 2017 alone, AT&T, Comcast and Verizon spent $11 million lobbying against net neutrality. A Guardian article makes it clear that "pretty much everyone outside the large cable companies supports the FCC’s net neutrality rules." For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.


Does ‘Elsagate’ prove YouTube is too big to control?
2017-11-15, The Week
Posted: 2017-11-27 01:25:10
http://www.theweek.co.uk/89701/does-elsagate-prove-youtube-is-too-big-to-control

In February, YouTube announced it had hit a staggering milestone: visitors were now consuming the equivalent of a billion hours’ worth of video every day. Some of YouTube’s most popular channels are aimed at children, with creators ... gaining millions of subscribers and billions of views. But there is a problem. YouTube is absolutely flooded with extremely violent, inappropriate, sexually suggestive videos targeted at children. These videos are finding their way into autoplay lists alongside age-appropriate clips. Journalist James Bridle delved into this unsettling phenomenon, dubbed Elsagate. He found that as content creators chase viewers, successful - and originally harmless - formulas for garnering views are “endlessly repeated across the network in increasingly outlandish and distorted recombinations”. At their most extreme, these include a legion of unsettling videos which appear to be produced, or in some cases automatically generated, in response to popular keywords. They often feature disturbing themes and sexual or violent content. For instance, a search for “Peppa Pig dentist” returns a homemade clip in which the popular children’s character is “tortured, before turning into a series of Iron Man robots and performing the Learn Colours dance”. ElsaGate has exposed a long-standing truth about YouTube that can no longer be ignored, says Polygon: the filters designed to protect users of all ages from disturbing, violent or illegal content are not up to the job.

Note: Read a much more in-depth article on serious problems with kids videos on the Internet. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


Overdoses now leading cause of death of Americans under 50
2017-06-06, CBS News
Posted: 2017-11-27 01:21:52
https://www.cbsnews.com/news/overdoses-are-leading-cause-of-death-americans-u...

Overdoses are now the leading cause of death of Americans under the age of 50. According to preliminary data compiled by The New York Times, deaths last year likely topped 59,000 - 19 percent more than the year before. In Ohio, they were up even more. On May 26, Cleveland Police Sgt. Timothy Maffo-Judd's body camera was running as he approached a man slumped in his car. It turned out that the man was minutes from a fatal drug overdose. Three applications of Narcan - the anti-overdose drug - and the victim finally started coming around. Maffo-Judd says it's become a grim routine, and he's even encountered the same person twice. "That's pretty common," he says. In Ohio, at least 4,100 people died from unintentional drug overdoses last year - a 36 percent increase from 2015, when the state led the nation in overdose deaths. Kentucky, West Virginia and New Hampshire have also experienced shocking increases, along with the East Coast. Most of it is tied to heroin or prescription painkillers, often laced with a powerful synthetic opioid known as fentanyl. In Ohio alone, nearly four billion opioid pills were prescribed across Ohio between 2011 and 2015. Ohio is now suing five big drug companies that manufacture prescription painkillers, charging that they knowingly minimize the risks of addiction. As Attorney General Mike Dewine put it: "They knew they were wrong but they did it anyway and they continue to do it."

Note: This excellent article has lots more on the intense level of corruption found in this opioid crisis. For more, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry.


OxyContin's Deception Costs Firm $634M
2001-05-10, CBS News/Associated Press
Posted: 2017-11-27 01:19:44
https://www.cbsnews.com/news/oxycontins-deception-costs-firm-634m/

Two days after agreeing to pay states nearly $20 million for falsely marketing OxyContin, the drug's maker, Perdue Pharma, and three current and former executives plead guilty to federal charges. The Stamford, Conn.-based maker of the powerful painkiller, and three of its current and former executives, pleaded guilty Thursday to misleading the public about OxyContin's risk of addiction. Purdue Pharma L.P., its president, top lawyer and former chief medical officer will pay $634.5 million in fines for claiming the drug was less addictive and less subject to abuse than other pain medications, U.S. Attorney John Brownlee said. The plea agreement comes after the company agreed to pay $19.5 million to 26 states and the District of Columbia to settle complaints that it encouraged physicians to overprescribe OxyContin. Even though the company was warned by health professionals, the media and members of its own sales force, "Perdue continued to push a fraudulent marketing campaign that promoted OxyContin as less addictive, less subject to abuse and less likely to cause withdrawal when they knew in fact that that was not true," Brownlee told CBS News correspondent Barry Bagnato. "Doctors are often approached right in their offices by pharmaceutical company sales reps dispensing information about one medication or another," said CBS News medical correspondent Dr. Jon LaPook. "This case is a reminder to doctors not to believe everything they hear."

Note: The family which owns Purdue, maker of OxyContin, is among the 20 richest families in the U.S., thanks largely to sales of Oxycontin, which has resulted in thousands of overdose deaths, according to this article in Forbes. For more, see this revealing article. Then see concise summaries of deeply revealing news articles on pharmaceutical industry corruption and health.


First digital pill approved despite worries about biomedical Big Brother
2017-11-14, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2017-11-20 00:25:02
http://www.sfgate.com/business/article/First-digital-pill-approved-despite-wo...

Regulators have approved the first drug with a sensor that alerts doctors when the medication has been taken. The digital pill combines two existing products: the former blockbuster psychiatric medication Abilify - long used to treat schizophrenia and bipolar disorder - with a sensor tracking system first approved in 2012. Experts say the technology could be a useful tool, but it will also change how doctors relate to their patients as they’re able to see whether they are following instructions. The pill has not yet been shown to actually improve patients’ medication compliance, a feature insurers are likely to insist on before paying for the pill. Additionally, patients must be willing to allow their doctors and caregivers to access the digital information. The technology carries risks for patient privacy, too, if there are breaches of medical data or unauthorized use as a surveillance tool, said James Giordano, a professor of neurology at Georgetown University Medical Center. “Could this type of device be used for real-time surveillance? The answer is of course it could,” said Giordano. The new pill, Abilify MyCite, is embedded with a digital sensor that is activated by stomach fluids, sending a signal to a patch worn by the patient and notifying a digital smartphone app that the medication has been taken.

Note: In 2010, it was quietly reported that Novartis AG would be seeking regulatory approval for such "chip-in-a-pill technology". For more along these lines, see concise summaries of deeply revealing news articles on microchip implants and the disappearance of privacy.


Trump picks former pharma exec, ex-Bush official to lead HHS department
2017-11-13, CNN News
Posted: 2017-11-20 00:12:30
http://www.cnn.com/2017/11/13/politics/alex-azar-health-and-human-services-se...

President Donald Trump on Monday announced he is nominating Alex Azar, a former pharmaceutical company executive and George W. Bush administration official, to succeed Tom Price as the secretary of the Department of Health and Human Services. He previously served as HHS general counsel and deputy secretary for President George W. Bush. Following his time with the administration, he worked for pharmaceutical giant Eli Lilly & Co. [He] became president of Lilly USA in 2012. As part of his role at Lilly USA, Azar was on the board of directors for the Boards of the Biotechnology Industry Organization (BIO), a drug lobbying group. In an October letter, Reps. Raul Grijalva, D-Arizona, Mark Pocan, D-Wisconsin, and Jan Schakowsky, D-Illinois, wrote that under his leadership, Azar's company fought "against federal and state legislation to increase drug pricing transparency." And a lawsuit filed in Massachusetts in early 2017 alleges that the company shot up prices on insulin "in near lock step" with two other pharmaceutical manufacturers. Following Yale Law School, Azar clerked for Supreme Court Justice Antonin Scalia, and later joined the Whitewater independent counsel headed by his "mentor" Ken Starr.

Note: Rather than draining the swamp, Trump continues to deepen the swamp in his administration. Besides this most recent appointment, he has installed Goldman Sachs executives as his Treasury secretary, top economic adviser, deputy national security adviser and chief strategist. Even his top Wall Street regulator is a former attorney for Goldman. For more, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry.


Podesta Group on the verge of shuttering amid ties to Mueller probe
2017-11-11, CNN News
Posted: 2017-11-20 00:02:25
http://www.cnn.com/2017/11/11/politics/podesta-group-mueller-investigation/in...

One of Washington's most prominent lobbying firms is on the verge of shuttering after becoming ensnared by special counsel Robert Mueller's investigation. Kimberley Fritts, the chief executive of the Podesta Group, told employees during a Thursday staff meeting that the firm would cease to exist at the end of the year. The developments come after the Podesta Group was tied last week to Mueller's indictments of Paul Manafort and Rick Gates, who pleaded not guilty after being charged with failing to file as foreign agents relating to a decade of work they did for ... a pro-Russia political party in the Ukraine. Mueller's special investigation team has also interviewed multiple people from the Podesta Group, which was recruited by Manafort and Gates to work along with another firm. Talk of potentially closing the Podesta Group marks a dramatic downfall of one of K Street's most iconic and well-connected firms. In its heyday, Podesta Group was the largest non-law firm lobbying organization in Washington. Tony Podesta, the firm's founder and chairman, helped fuel the company with work for foreign governments. He and his brother, John, founded the company almost three decades ago. John Podesta chaired Hillary Clinton's 2016 presidential campaign. He left the firm in 1993. Mueller is looking into whether the Podesta Group properly identified to federal authorities its foreign advocacy for ... a Brussels-based non-profit group that federal prosecutors have called a mouthpiece for pro-Russian Ukrainian politicians.

Note: The Podesta brothers were deeply implicated in the Pizzagate affair. Though many believe Pizzagate was just a "conspiracy theory," our careful research shows powerful evidence that the Podestas were indeed involved in a child sex abuse ring. Could it be that behind the curtains, some are taking action against the Podestas for their involvement in these child abuse rings? For some intriguing, yet difficult to verify evidence along these lines, see this webpage.


Enron: The Smartest Guys in the Room
2005-04-22, PBS
Posted: 2017-11-19 23:56:44
http://www.pbs.org/independentlens/enron/film.html

ENRON: The Smartest Guys in the Room [is] the inside story of one of history’s greatest business scandals, in which top executives of America’s seventh largest company walked away with over one billion dollars while investors and employees lost everything. Based on the best-selling book ... this tale of greed, hubris and betrayal reveals the outrageous personal excesses of the Enron hierarchy and the moral vacuum that led CEO Ken Lay - along with other players including accounting firm Arthur Andersen, Chief Operating Officer Jeffrey Skilling and Chief Financial Officer Andy Fastow - to manipulate securities trading, bluff the balance sheets and deceive investors. By 2000, the company has grown into the largest natural gas merchant in North America, eventually branching out into trading other commodities. Jeff Skilling is named CEO, and the company stock skyrockets. Meanwhile, Skilling’s “black box” accounting results in declared earnings of 53 million dollars for a collapsing deal that doesn’t profit a cent. And Enron’s West Coast power desk has its most profitable month ever as California citizens become casualties of Enron’s scheme to artificially increase demand for electricity, resulting in rolling blackouts and two deaths. When Enron’s sleight of hand accounting and unethical trading eventually meet the realities of balance sheets that don’t balance and products that don’t exist, unwitting employees who have anchored their financial futures to the Enron ship watch in horror as water rushes in overhead.

Note: Watch this revealing documentary on this webpage. Enron was American's seventh-largest public company and controlled 25 percent of the nation's energy before it failed in 2002. Its stock plummeted from $90 a share to 9 cents a share in a matter of months after fraud was uncovered. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


From Brussels to Arkansas, a Tough Week for Monsanto
2017-11-09, New York Times
Posted: 2017-11-13 02:41:07
https://www.nytimes.com/2017/11/09/business/eu-arkansas-monsanto-weedkiller.html

Opposition from France and Italy doomed a European Union vote on Thursday to reauthorize the world’s most popular weedkiller, glyphosate, a decision that came hours after Arkansas regulators moved to ban an alternative weedkiller for much of 2018. The decisions are a double blow to the agrochemical industry and particularly to the chemicals giant Monsanto. The effort to reauthorize the weedkiller failed to receive a majority even though regulators were seeking only a five-year reauthorization instead of the typical 15, amid controversy and disputes about cancer risk that have made glyphosate’s future in Europe uncertain. Its approval in the region expires in mid-December. In Arkansas, regulators voted on Wednesday to ban the use of another major weedkiller, dicamba ... amid widespread reports of crop damage. Dicamba has been around for decades, but new versions have been developed by Monsanto, BASF and DuPont as an alternative to Roundup. Taken together, the decisions reflect an increasing political resistance to pesticides in Europe and parts of the United States, as well as the specific shortcomings of dicamba. Dicamba has damaged more than 3.6 million acres of soybean crops in 25 states. The European Union’s decision followed years of haggling and delay. But glyphosate ... has been plunged into controversy since the International Agency for Research on Cancer, part of the World Health Organization, declared it a probable carcinogen in 2015.

Note: Monsanto was recently banned from the European parliament after shunning important hearings with regulators. This company's use of scientists as industry puppets, its lies to regulators and the public and its massive lobbying campaign have not kept information on the risks and dangers of its products from getting out. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.


How big pharma's money – and its politicians – feed the US opioid crisis
2017-10-19, The Guardian (One of the UK's leading newspapers)
Posted: 2017-11-13 02:39:02
https://www.theguardian.com/us-news/2017/oct/19/big-pharma-money-lobbying-us-...

Trump’s nominee for drug czar, the US congressman Tom Marino, was forced to withdraw after a report by the Washington Post and CBS’s 60 Minutes highlighted his role in forging legislation that hinders the DEA’s ability to move against drug distributors or pharmacies recklessly dispensing the opioid painkillers at the heart of the epidemic, which claims more than 100 lives a day. Marino’s acceptance of substantial donations from those same companies compromised his nomination to head the federal agency charged with tackling the opioid crisis. But for Congress, the process was nothing unusual. Hundreds of millions of dollars flow to lobbyists and politicians on Capitol Hill each year to shape laws and policies that keep drug company profits growing. The impact of so much drug company money coursing through the veins of Congress is often incremental or largely unseen by the American public. But on occasion it has a hugely visible impact. While lobbying shapes medical policy across the board, it has had a profound impact on the opioid epidemic as deaths quadrupled between 1999 and 2015. The pharmaceutical industry poured resources into attempting to place blame for the crisis on the millions who have became addicted instead of on the mass prescribing of powerful opioids. Some of the pressure came through industry-funded groups such as the Pain Care Forum, which spent $740m over a decade lobbying in Washington and state legislatures against limits on opioid prescribing.

Note: This excellent article has lots more on the intense level of corruption found in this opioid crisis. For more, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry.


Paradise Papers Shine Light on Where the Elite Hide Their Money
2017-11-05, New York Times
Posted: 2017-11-13 02:36:45
https://www.nytimes.com/2017/11/05/world/paradise-papers.html

It’s called the Paradise Papers: the latest in a series of leaks made public by the International Consortium of Investigative Journalists shedding light on the trillions of dollars that move through offshore tax havens. The core of the leak, totaling more than 13.4 million documents, focuses on the Bermudan law firm Appleby, a 119-year old company that caters to blue chip corporations and very wealthy people. As with the Panama Papers, the Paradise Papers leak came through ... the German newspaper Süddeutsche Zeitung and was then shared with I.C.I.J., a Washington-based group that won the Pulitzer Prize for reporting on the millions of records of a Panamanian law firm. The release of that trove of documents led to the resignation of one prime minister last year. This week, The New York Times is publishing articles on the Paradise Papers that were reported in cooperation with our I.C.I.J. partners. The predominantly elite clients of Appleby contrast with those of Mossack Fonseca - the company whose leaked records became the Panama Papers - which appeared to be less discriminating in the business it took on. Americans - companies and people - dominate the list of clients. Past disclosures, such as the 2013 “Offshore Leaks” from two offshore incorporators in Singapore and the British Virgin Islands, the 2015 “Swiss Leaks” from a private Swiss bank owned by the British bank HSBC and another leak in 2016 from the Bahamas were dominated by clients not from the United States.

Note: A directory of several New York Times articles detailing specific revelations from the Paradise Papers is available at the link above. In the US, many large companies pay little or no federal taxes, and former tax lobbyists now write the rules on tax dodging. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.


On YouTube Kids, Startling Videos Slip Past Filters
2017-11-04, New York Times
Posted: 2017-11-13 02:31:00
https://www.nytimes.com/2017/11/04/business/media/youtube-kids-paw-patrol.html

Parents and children have flocked to Google-owned YouTube Kids since it was introduced in early 2015. The app’s more than 11 million weekly viewers are drawn in by its seemingly infinite supply of clips, including those from popular shows by Disney and Nickelodeon, and the knowledge that the app is supposed to contain only child-friendly content that has been automatically filtered from the main YouTube site. But the app contains dark corners, too, as videos that are disturbing for children slip past its filters, either by mistake or because bad actors have found ways to fool the YouTube Kids algorithms. In recent months, parents ... have complained that their children have been shown videos with well-known characters in violent or lewd situations and other clips with disturbing imagery, sometimes set to nursery rhymes. Many have taken to Facebook to warn others, and share video screenshots showing moments ranging from a Claymation Spider-Man urinating on Elsa of “Frozen” to Nick Jr. characters in a strip club. While the offending videos are a tiny fraction of YouTube Kids’ universe, they are another example of the potential for abuse on digital media platforms that rely on computer algorithms, rather than humans, to police the content that appears in front of people - in this case, very young people. And they show, at a time when Congress is closely scrutinizing technology giants, how rules that govern at least some of the content on children’s television fail to extend to the digital world.

Note: Read a much more in-depth article on serious problems with kids videos on the Internet.  For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


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