Government Corruption Media ArticlesExcerpts of Key Government Corruption Media Articles in Major Media
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.
On the evening of October 30, 1938, a seventy-six-year-old millworker in Grover’s Mill, New Jersey, named Bill Dock heard something terrifying. Aliens had landed just down the road, a newscaster announced. Dock ... prepared to face down the invaders. But ... he’d been duped by Orson Welles’s radio adaptation of “The War of the Worlds.” The next day, newspapers were full of stories like Dock’s. This early fake-news panic lives on in legend, but [historian A. Brad] Schwartz is the latest of a number of researchers to argue that it wasn’t all it was cracked up to be. There was no mass hysteria, only small pockets of concern that quickly burned out. Newspapers exaggerated the panic to better control the upstart medium of radio, which was becoming the dominant source of breaking news in the thirties. Newspapers wanted to show that radio was irresponsible and needed guidance from its older, more respectable siblings in the print media, such “guidance” mostly taking the form of lucrative licensing deals and increased ownership of local radio stations. To some, the lesson of the panic was that the F.C.C. needed to take an even more active role to protect people from malicious tricksters like Welles. Yet Schwartz says that the people calling for a government crackdown were far outnumbered by those who warned against one. Today, Facebook and Google have taken the place of the F.C.C. in the conservative imagination. With a powerful, well-funded propaganda machine ... conservatives aren’t the ones who have the most to fear.
Note: Historian A. Brad Schwartz is the author of a bestselling book titled, "Broadcast Hysteria: Orson Welles’s War of the Worlds and the Art of Fake News". For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the manipulation of mass media.
It was just four years ago that roughly two dozen representatives of major news organizations crowded around a conference table at the Justice Department for a meeting with Attorney General Eric H. Holder Jr. Our agenda? Strengthening the Justice Department’s guidelines that limit when federal prosecutors can serve subpoenas on the news media. It had just been revealed that federal investigators had secretly seized the phone records of The Associated Press and the emails of a Fox News correspondent during leak investigations. The result was important: The Justice Department revised its internal guidelines to make it harder for prosecutors to obtain subpoenas for reporters’ testimony and records. Attorney General Jeff Sessions, after being chided by President Trump for being weak, recently declared a war on leakers and made clear that the news media was also on his mind. It seems all but certain that the Justice Department will try to chip away at the subpoena guidelines, [which] say that prosecutors are to seek testimony and evidence from journalists only as a last resort, and that news organizations should have a chance to go to court to challenge any subpoenas. The guidelines are far from ironclad. If a prosecutor were to ignore them, a journalist would have no right to go into court and demand they be followed. When federal courts dial back protection for reporters, the guidelines become an essential first line of defense against overzealous prosecutors.
San Francisco has taken a tentative step toward deciding on whether it will become the first local government in the country to run its voting machines on open-source software. The notion of shifting away from using proprietary technology sold by private companies to computer code made freely available for anyone to use and modify has been talked about for years. But it’s been getting more attention since the city allocated $300,000 to study the issue. Proponents of open-source voting systems say local governments using them would be able to hold elections with an unprecedented level of control, transparency and security. California Secretary of State Alex Padilla has said he would support an open-source voting system, assuming it could pass the state’s certification protocols. Open-source software could allow the city to more fully understand and adjust how votes are tallied. Currently, vendors of electronic voting equipment provide few details about how their machines operate, claiming those details are proprietary. Governments are also beholden to private vendors if they want to make a change to the software running the machines.
Note: How crazy that the technology behind the US electronic voting system is held privately and the government cannot even inspect the technology used. Do you think there is the potential for fraud? For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.
America’s love affair with LSD did not begin in Haight-Ashbury or during the summer of love. Instead it was seeded ... in Midwestern laboratories and government offices, where it comprised one strand of an extensive germ warfare programme. Errol Morris’s splendidly clammy, mysterious docu-drama Wormwood reopens the file on Frank Olson, a jobbing biochemist who fell to his death from a New York hotel. At the time (December 1953) Olson’s death was ruled to be suicide. But 20 years later evidence emerged that complicated the official verdict and prompted Olson’s family to sue the federal government. Even today elderly Eric Olson is in search of a definitive answer. He casts himself in the role of a Cold War Hamlet, haunted and harried by his father’s ghost. So what became of luckless Frank Olson? Did he fall or was he pushed? Infuriatingly – perhaps fittingly – we will have to wait to find out. For Morris’s docu-drama is a six-part series, commissioned by Netflix. So we’re left to blunder on, hands outstretched, past pensive Eric Olson and ... through spooky archive footage of a 1970s congressional hearing where sleazy Colonel Ruwet – surely the villain of the piece – sits with his back to the camera, meaning that we can only see his starched collar and his bald spot and the hint of a smile when he responds to a question. Who, then, can predict how this investigation turns out?
Note: A 1975 US government report said that Frank Olson committed suicide after being given LSD without his knowledge as part of the CIA's MK-ULTRA program. The lawsuit filed by his sons claimed Olson was killed by the CIA after he "raised concerns about testing chemical and biological weapons on human subjects without their consent". For more along these lines, see concise summaries of deeply revealing intelligence agency corruption news articles from reliable major media sources.
This week, Donald Trump lifted the ban on certain military-grade weapons and equipment available from the Pentagon to our local police forces across the nation. Before Barack Obama signed an executive order in 2015 limiting the transfer of certain types of military equipment under the Pentagon’s 1033 Program, the Department of Defense transferred more than $5bn in surplus military equipment directly to police agencies. The Pentagon program creates a pipeline that bypasses normal ... procurement processes, enabling police departments to acquire expensive-to-maintain and often unneeded military equipment directly from the Pentagon without the approval or even knowledge of [elected] government officials. Citizens are left to pay the price when these military “toys” are put into the anxious hands of often untrained local law enforcement. Handing our police weapons of war, including but not limited to large-capacity, rapid-fire weapons and ammunition – including .50-calibers – bayonets, grenade launchers, armored vehicles including military tanks, unmanned vehicles (armed drones), explosives and pyrotechnics, and similar explosive devices, makes us less safe. It also drives a wedge between police officers and ... communities. Our nation was built on the principle that there are clear lines between our armed forces and domestic police. Moreover ... law enforcement is subject to civilian authority. This program blurs those lines. Militarizing America’s main streets won’t make us any safer, just more fearful.
Note: The above was written by US Congressman Hank Johnson, author of the Stop Militarizing Law Enforcement Act of 2017. The Pentagon's 1033 program now being revived led to what the ACLU called an "excessive militarization of American policing". For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the erosion of civil liberties.
Local police departments will soon have access to grenade launchers, high-caliber weapons and other surplus U.S. military gear after President Donald Trump signed an order Monday reviving a Pentagon program that civil rights groups say inflames tensions between officers and their communities. President Barack Obama had sharply curtailed the program in 2015. Sen. Rand Paul of Kentucky called the plan a dangerous expansion of government power that would "subsidize militarization." Rep. Mark Sanford of South Carolina said the program "incentivizes the militarization of local police departments, as they are encouraged to grab more equipment than they need." Congress authorized the program in 1990, allowing police to receive surplus equipment to help fight drugs, which then gave way to the fight against terrorism. Agencies requested and received everything from camouflage uniforms and bullet-proof vests to firearms, bayonets and drones. More than $5 billion in surplus equipment has been given to agencies. The new order largely lets local agencies set their own controls and rules governing use of the equipment. The plan to restore access to military equipment comes after [Attorney General Jeff] Sessions has said he intends to pull back on court-enforceable plans to resolve allegations of pervasive civil rights violations. Sessions ... has also revived a widely criticized form of asset forfeiture that lets local police seize cash and property with federal help.
Note: The Pentagon's 1033 program now being revived led to what the ACLU called an "excessive militarization of American policing". The civil asset forfeiture program now being revived was widely criticized because it made it easy for corrupt police to steal money and property from poor people and seize private assets based on departmental "wish lists".
Julian Assange, the founder of whistleblowing platform WikiLeaks, has spoken out against a passing US Senate bill which aims to officially label his organisation as a "non-state hostile intelligence service". WikiLeaks has recently been publishing documents allegedly pilfered from inside the US Central Intelligence Agency (CIA), something that has led its director, Mike Pompeo, to shift from openly citing its publications to harshly criticising them. The WikiLeaks editor-in-chief ... wrote: "Media organisations develop and protect sources. So do intelligence agencies. But to suggest that media organisations are 'non-state intelligence services is absurd. It is equivalent to suggesting that the CIA is a media organisation." The day prior to the statement's release, it emerged that US senator Ron Wyden was the sole politician to vote against the intelligence committee's authorisation bill. Wyden said: "My concern is that the use of the novel phrase 'non-state hostile intelligence service' may have legal, constitutional, and policy implications, particularly should it be applied to journalists inquiring about secrets. The language in the bill suggesting that the US government has some unstated course of action against 'non-state hostile intelligence services' is equally troubling." Legally, experts warn it is largely impossible to prosecute WikiLeaks without also bringing charges against The New York Times, The Guardian or other mainstream publications. Despite this, US attorney general Jeff Sessions has still pledged to "put some people in jail".
Note: In May, United Nations officials said that the US treatment of activists was increasingly "incompatible with US obligations under international human rights law". For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the intelligence community.
At least 442 wrongful death suits have been filed over fatalities that followed the use of a Taser, almost all since the stun guns began gaining widespread popularity with police in the early 2000s, Reuters found in a nationwide review of legal filings. Police departments and the municipalities they represent have faced 435 of these suits. The manufacturer was a defendant in 128 of them. In all, wrongful death lawsuits were filed in at least 44 percent of the 1,000-plus incidents Reuters identified in which someone died after being stunned with a Taser by police. In more than 60 percent of the resolved cases against municipalities, government defendants paid settlements or judgments. Reuters documented at least $172 million in publicly funded payouts to resolve the litigation. Yet one party is increasingly absent from the courtroom: Taser International. From 2004 through 2009, the company was named as a defendant in more than 40 percent of the wrongful death suits filed against local governments. Typically, those suits alleged the company failed to warn adequately of the risks posed by its weapons. Late in 2009, as evidence of cardiac risks mounted, Taser made a crucial change: It warned police to avoid firing its stun gun’s electrified darts at a person’s chest. The manufacturer’s warnings have made it far more difficult to successfully sue the company. So now ... plaintiffs are suing governments, not the manufacturer. Behind these legal battles is a troubling truth: Many officers aren’t aware Tasers have the potential to kill.
Note: For lots more, see the entire Reuters series on Tasers on this webpage. For more along these lines, see concise summaries of deeply revealing non-lethal weapons news articles from reliable major media sources.
The Ku Klux Klan has grown faster since Donald Trump’s inauguration than any time in recent memory, a Klan leader has claimed. “I’ve been doing this for over 20 years and I haven’t seen the Klan grow at the pace it’s growing now,” Chris Barker, an Imperial Wizard of the KKK, told The Independent. Mr Barker said that after the white supremacist rally in Charlottesville he received 50 applications to join his group in one day. The next day, he received 80. Mr Barker leads the Loyal White Knights of the KKK, which has less than 200 members. As one of the most active Klan groups in the US, the group takes part in “activism” such as burning crosses, advocating for the murder of immigrants, and distributing leaflets claiming, among other things, “transgender is an abomination”. Mr Barker contacted The Independent about a previous article, from which he had gained notoriety for calling a Univision journalist a “n*****” and threatening to burn her out of the country. Approximately 30 KKK groups were active over the course of 2016 – a decrease from the year before. That number has since risen to 40. This summer also marked a departure from the trend of small, scattered, and sparsely attended KKK demonstrations. Several different Klan groups turned out for the rally in Charlottesville, Virginia, where white supremacists from around the country protested the removal of a Confederate statue. The rally, which Mr Barker’s group also participated in, was said to be the largest white supremacist gathering in the US in decades.
Note: For more along these lines, see concise summaries of deeply revealing civil liberties news articles from reliable major media sources.
In the most detailed study ever of fatalities and litigation involving police use of stun guns, Reuters finds more than 150 autopsy reports citing Tasers as a cause or contributor to deaths. Many who die are among society’s vulnerable – unarmed, in psychological distress and seeking help. As her husband stalked around the back yard, upending chairs and screaming about demons, Nancy Schrock ... dialed the police. “He needs to be in the hospital,” she told a 911 dispatcher. Tom Schrock had struggled with depression ... throughout their 35-year marriage. Police had visited the family’s [house] more than a dozen times. Typically, Tom was taken to the hospital, medicated and sent home after 72 hours. Not this time. Three officers answered the call, categorized by the dispatcher as a disturbance involving an unarmed man with mental health issues. Nancy took them through the house to the back; Santiago Mota, a veteran cop, drew his Taser. As officers came out the back door, Tom strode toward them. Mota fired the Taser. Tom buckled, then retreated. Mota followed, pressed the electric stun gun to Tom’s chest and fired again. The 57-year-old collapsed [and] never regained consciousness. “I called for help,” Nancy said. “I didn’t call for them to come and kill him.” Reuters documented 1,005 incidents in the United States in which people died after police stunned them with Tasers. In nine of every 10 incidents, the deceased was unarmed. More than 100 of the fatal encounters began with a 911 call for help during a medical emergency.
Sixteen years ago, Rep. Barbara Lee was the sole member of Congress to vote against authorizing the U.S. invasion of Afghanistan. Throughout the presidencies of Bush and Barack Obama, Lee waged a lonely crusade to repeal the war resolution initially aimed at al Qaeda’s Sept. 11, 2001, attacks on New York and Washington. Last month, she won a stunning victory when a bipartisan House committee voted to repeal the authorization in an amendment to the 2018 defense spending bill. But her win was short-lived. House Republican leaders stripped the amendment from the bill without a vote in a late-night maneuver that blocked Lee from leading a larger House debate on the president’s use of military force without further approval by Congress. The 2001 authorization was passed by Congress three days after the 9/11 attacks. “It was hastily written; it was overly broad; it was 60 words,” Lee said. Citing the Congressional Research Service, a nonpartisan arm of Congress, Lee said presidents have used the authorization at least 37 times since the initial Afghanistan invasion in October 2001. The [current] administration, Lee noted, has proposed severe cuts to domestic spending to pay for a bigger military. Escalating the Afghanistan conflict, she said, will come at the expense of “schools and infrastructure and jobs and health care - all the nation-building resources that we need here, here in my own district. “Yet they’re cutting these programs to fund these wars, and that’s ... unfair to the country,” she said.
Note: Read about the unprecedented plan to privatize the war in Afghanistan. According to Congressman Thomas Massie, the US government has made deals with the Taliban to give them electricity and turn a blind eye to their opium trade. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
A settlement in a landmark lawsuit against two psychologists who helped design the CIA's harsh interrogation methods used in the war on terror marked the first time the agency or its private contractors have been held accountable for the program, legal experts said. The deal in the lawsuit from the American Civil Liberties Union also makes it unlikely the CIA will again pursue the tactics, said Deborah Pearlstein, professor at the Cardozo Law School in New York. “This sends a signal to those who might consider doing this in the future,” Pearlstein said, adding, “This puts an exclamation mark at the end of ‘don't torture.’” Terms of the settlement were not disclosed, but it avoided a civil trial set for Sept. 5 in federal court. The ACLU sued psychologists James Mitchell and John “Bruce” Jessen on behalf of three former detainees, including one who died in custody, who contended they were tortured at secret CIA prisons overseas. Mitchell and Jessen were under contract with the federal government following the Sept. 11 terror attacks. The lawsuit claimed they designed, implemented and personally administered an experimental torture program. The techniques they developed included waterboarding, slamming the three men into walls, stuffing them inside coffin-like boxes, exposing them to extreme temperatures, starving them and keeping them awake for days, the ACLU said. A U.S. Senate investigation in 2014 found that Mitchell and Jessen's techniques produced no useful intelligence. They were paid $81 million for their work.
Note: Prior to condemning torture, some of the American Psychological Association’s top officials sought to curry favor with Pentagon officials by supporting the CIA's brutal interrogation methods. For more along these lines, read about how the torture program fits in with a long history of human experimentation by corrupt intelligence agencies working alongside unethical scientists. For more, see this list of programs that treated humans as guinea pigs.
The US government is seeking to unmask every person who visited an anti-Trump website in what privacy advocates say is an unconstitutional “fishing expedition” for political dissidents. The warrant appears to be an escalation of the Department of Justice’s (DoJ) campaign against anti-Trump activities, including the harsh prosecution of inauguration day protesters. On 17 July, the DoJ served a website-hosting company, DreamHost, with a search warrant for every piece of information it possessed that was related to a website that was used to coordinate protests during Donald Trump’s inauguration. The warrant ... seeks to get the IP addresses of 1.3 million people who visited [the site], as well as the date and time of their visit and information about what browser or operating system they used. The warrant was made public Monday, when DreamHost announced its plans to challenge the government in court. The government has aggressively prosecuted activists arrested during the 20 January protests in Washington DC. In April, the US attorney’s office in Washington DC filed a single indictment charging more than 217 people with identical crimes, including felony rioting. The Electronic Frontier Foundation, which has been advising DreamHost, characterized the warrant as “unconstitutional”. “I can’t conceive of a legitimate justification other than casting your net as broadly as possible,” senior staff attorney Mark Rumold [said]. “What they would be getting is a list of everyone who has ever been interested in attending these protests.”
Note: In May, United Nations officials said that the US treatment of activists was increasingly "incompatible with US obligations under international human rights law". For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the erosion of privacy.
Why do Americans continue to pay the highest prices for medicine in the world? Lawmakers have sculpted specific policies, often not found in many other nations, that boost pharmaceutical industry profits. Meanwhile, the drug industry has spent $61 million on state elections and nearly $67 million on federal elections since 2010. Both parties have made pivotal decisions ... that have kept drug prices high. Insurance companies and pharmacy benefit managers, or PBMs, across the U.S., face at least nine class-action lawsuits alleging they attached arbitrary premiums to the prices of often less-expensive, generic prescription drugs. The plaintiffs also accuse the PBMs and insurers of imposing so-called “gag clauses” on pharmacies to keep pharmacists from telling consumers that they could save money by paying out of pocket. The system could be denying customers $120 billion in discounts and rebates. Should drugs developed at taxpayer expense be sold to Americans at sky high prices? In the past, the federal government passed a rule saying no — but that rule was rescinded in 1995. If Americans were allowed to import lower-priced drugs from places like Canada, it would save government agencies alone $6 billion. But ... Americans are still prohibited from engaging in such importation. The federal government could [also] save billions of dollars a year by having Medicare use its huge market power to negotiate - or require - lower drug prices for the program's beneficiaries.
A loud boom cut through the night and a stream of fire lit up the sky. A strong, unpleasant odor settled over the street. None of the neighbors reported what happened that night - nor the ... symptoms that followed. For [Joseph] Gaines, the symptoms included an intense sudden headache, tearing eyes, a runny nose, and congestion. A block and a half from Gaines’s house, the street ends in an Exxon Mobil refinery that ... releases at least 135 toxic chemicals, many of which - including 1,3-butadiene, benzo[a]pyrene, and styrene - are carcinogens. The plant is regularly in noncompliance with the Clean Air Act. Yet many of the people [in] Charlton-Pollard said they felt there was no point in trying to reduce the emissions. They raised [their concerns] in a formal complaint to the Environmental Protection Agency 17 years ago. The filing [described] the chemical pollution. And the complaint went further, arguing that the location of the oil refinery - next to a neighborhood where 95 percent of residents were African-American - was a civil rights violation. The majority of civil rights complaints the EPA accepted for investigation between 1996 and 2013 languished for years. As the people of Charlton-Pollard and Flint — as well as Tallassee, Alabama; Pittsburg, California; and Chaves County, New Mexico — can attest, the EPA’s lack of responsiveness to civil rights complaints spans not just many years, but also several presidential administrations. While pollution protections are moving backward, Exxon Mobil is planning to expand its Beaumont operations.
A U.S. contractor bilked the American military out of $50 million spent on Bentleys, Aston Martins and big salaries for senior staffers’ significant others, according to a government audit. Senator Claire McCaskill demanded on Wednesday that the Pentagon explain why it was allowed to get away with it. The British company New Century Consulting (NCC) was deployed by the U.S. overseas to train Afghanistan forces. It was originally subcontracted by the now-defunct company Imperitas from 2008 to 2013 but has since taken over the contract completely. Under Imperitas, NCC ... paid the significant others of senior staff an average of $420,000 as “executive assistants” who worked from home, auditors found. It’s not clear whether Imperitas or NCC actually completed their work in Afghanistan, as neither retained complete training records. In a letter to Secretary of Defense James Mattis Wednesday, McCaskill ... wrote that “NCC was unable to provide evidence that these executive assistants actually performed any work.” This is not the first time that NCC or Imperitas spending has been questioned or the companies investigated. In 2016, a federal lawsuit was brought in New York by investors against Imperitas. In 2015, the special inspector general for Afghanistan reconstruction had an ongoing criminal investigation open against both NCC and Imperitas. And in 2012, two former employees of Imperitas ... sued the company, alleging their co-workers abused alcohol and drugs and possessed illegal weapons—all violations of U.S. policy.
As the U.S. growing season entered its peak this summer, farmers began posting startling pictures on social media: fields of beans, peach orchards and vegetable gardens withering away. The photographs served as early warnings of a crisis that has damaged millions of acres of farmland. New versions of the herbicide dicamba developed by Monsanto and BASF, according to farmers, have drifted across fields to crops unable to withstand it. As the crisis intensifies, new details provided to Reuters ... demonstrate the unusual way Monsanto introduced its product. The approach, in which Monsanto prevented key independent testing of its product, went unchallenged by the Environmental Protection Agency and nearly every state regulator. Typically, when a company develops a new agricultural product, it commissions its own tests and shares the results and data with regulators. It also provides product samples to universities for additional scrutiny. In this case, Monsanto denied requests by university researchers to study its XtendiMax with VaporGrip for volatility - a measure of its tendency to vaporize and drift across fields. Monsanto provided samples of XtendiMax before it was approved by the EPA. However, the samples came with contracts that explicitly forbade volatility testing. Arkansas blocked Monsanto’s product because of the lack of extra volatility testing ... but approved BASF’s [product]. Thirty-three other states - every other state where the products were marketed - approved both products.
Note: A new project called "The Poison Papers" lays out a 40-year history of deceit and collusion involving the chemical industry and the regulatory agencies that were supposed to be protecting human health and the environment. For more along these lines, see concise summaries of deeply revealing food system corruption news articles from reliable major media sources.
The White House is actively considering a bold plan to turn over a big chunk of the U.S. war in Afghanistan to private contractors. Under the proposal, 5,500 private contractors, primarily former Special Operations troops, would advise Afghan combat forces. The plan also includes a 90-plane private air force that would provide air support in the nearly 16-year-old war against Taliban insurgents, Erik Prince, founder of the Blackwater security firm, [said]. The U.S. military has 8,400 U.S. troops [in Afghanistan]. They do not have a direct combat role, and presumably would be replaced gradually by the contractors. The plan remains under serious consideration within the White House despite misgivings by Trump's national security adviser ... and Defense Secretary Jim Mattis. Prince, who has met frequently with administration officials to discuss his plan, is the brother of Trump's education secretary, Betsy Devos. Prince said the contractors would be “adjuncts” of the Afghan military and would wear that nation’s military uniforms. Currently, troops from a U.S.-led coalition ... are not embedded with conventional combat units in the field. Under the plan the contractors would be embedded with Afghanistan's more than 90 combat battalions throughout the country. Blackwater has attracted controversy under Prince's leadership. In 2007, four Blackwater security personnel were accused of killing 14 Iraqi civilians in Baghdad.
Note: When Blackwater changed its name to Academi, the US paid $309 million to this company to conduct counternarcotics operations in Afghanistan. These operations reportedly contributed to the Afghan opium boom. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and war.
Martin Shkreli - famously known as the guy that jacked up the price of a lifesaving AIDS treatment by 5,000% - finally saw his day in court, albeit for a completely unrelated case involving an unrelated company. The trial ... found Shkreli guilty of three counts of fraud for essentially lying to his investors about how he would invest their money and when they would be paid back. The conviction, carrying a potential 20 years in prison, is no joke. Yet the notorious self-promoter took the opportunity to ... let the world know he wasn’t fazed. And why should he be? How Shkreli got rich in the first place remains not just legal but celebrated. The real crime of the Pharma Bro is the unrepentant greed that drives him, as well as the industry he’s thrived in. Sen. Bernie Sanders has attempted to put a stop to this greed with recently introduced legislation to cap prices for pharmaceuticals developed by government-funded research. Far from a new idea, Sanders has been pushing for a bill like this for decades. While raising the price of a life-saving drug by 5,000% rightfully drew the scorn of millions of people, price gouging is all too common for the industry. Take the EpiPen, the lifesaving device for kids and adults with severe allergies, whose price was famously hiked up over 500% ... after it was acquired by Mylan. Laws that protect investors in these companies are what landed Shkreli in court. Yet until there are laws to protect patients from drug company extortion, like the one proposed by Sanders, the line of Pharma Bros ready to take his place is already queued up.
Fossil fuels are expensive. Much of their costs are hidden, however, as subsidies. If people knew how large their subsidies were, there would be a backlash against them from so-called financial conservatives. A study was just published in the journal World Development that quantifies the amount of subsidies directed toward fossil fuels globally, and the results are shocking. The authors work at the IMF and are well-skilled to quantify the subsidies discussed in the paper. The subsidies were $4.9 tn in 2013 and they rose to $5.3 tn just two years later. According to the authors, these subsidies are important because first, they promote fossil fuel use which damages the environment. Second, these are fiscally costly. Third, the subsidies discourage investments in energy efficiency and renewable energy that compete with the subsidized fossil fuels. Finally, subsidies are very inefficient means to support low-income households. With these truths made plain, why haven’t subsidies been eliminated? We are talking enormous values of 5.8% of global GDP in 2011, rising to 6.5% in 2013. Petroleum and coal receive much larger subsidies compared to their counterpart fuels. There are two key takeaway messages. First, fossil fuel subsidies are enormous and they are costs that we all pay, in one form or another. Second, the subsidies persist in part because we don’t fully appreciate their size. These two facts, taken together, further strengthen the case to be made for clean and renewable energy.
Note: Even competing with such heavily subsidized fossil fuels, the solar power industry in the US now employs more workers than the coal, oil and natural gas industries combined. For more along these lines, see concise summaries of deeply revealing energy news articles from reliable major media sources.
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.