Government Corruption News ArticlesExcerpts of key news articles on government corruption
The War in Iraq cost nearly $2 trillion, roughly $8,000 per U.S. taxpayer, representing 9 percent of the national debt. The current cost to the federal government for conflict zone operations in Iraq is an estimated $1.922 billion ... according to an analysis and a January report from The Cost of Wars project. Without a war tax and few war bonds, direct war spending on post-9/11 wars by the Pentagon resulted in interest payments of about $444 billion, the report estimated. The author warns even if the fighting stopped today, and the Trump Administration pulled out of all ongoing fights in the "Global War on Terror," those cumulative interest payments would continue to rise. If all war spending stopped today the existing war debt would "rise ... to $6.5 trillion by 2050," according to the report's estimates. Over the last 18 years of engagements in South Asia and the Middle East, the American "government has financed this war by borrowing funds," writes Heidi Peltier, the author of the report. War is more costly than just boots on the ground and equipment brought to the theaters of conflict. The physical and emotional trauma incurred by soldiers and those living in war zones is oftentimes incalculable. 4.1 million veterans who served in wars post-9/11 are receiving medical benefits, among other compensation nearing $199 billion, according to reports from the Department of Veterans Affairs.
Note: Read the summary of a highly decorated US general's important book "War is a Racket." He makes clear that the reason we have so much war has little to do with national security and everything to do with padding the pockets of those in the military-industrial complex. For more along these lines, see concise summaries of deeply revealing news articles on war from reliable major media sources.
Few news outlets covered the detention of [attorney] Steven Donziger, who won a multibillion-dollar judgment in Ecuador against Chevron over the massive contamination in the Lago Agrio region. On August 6, Donziger left a Lower Manhattan courthouse ... with an electronic monitoring device newly affixed to his ankle. As he was arguing the case against Chevron in Ecuador back in 2009, the company expressly said its long-term strategy was to demonize him. Chevron has hired private investigators to track Donziger, created a publication to smear him, and put together a legal team of hundreds of lawyers from 60 firms. As a result, Donziger has been disbarred and his bank accounts have been frozen. He now has a lien on his apartment, faces exorbitant fines, and has been prohibited from earning money. As of August, a court has seized his passport and put him on house arrest. Despite Donzigerďż˝s current predicament, the case against Chevron in Ecuador was a spectacular victory. An Ecuadorian court ruled against Chevron in 2011 and ordered the company to pay $18 billion in compensation, an amount that was later reduced to $9.5 billion. After years of struggling with the health and environmental consequences of oil extraction, the impoverished Amazonian plaintiffs had won a historic judgment from one of the biggest corporations in the world. But ... Chevron immediately made clear that it would not be paying the judgment. Instead, Chevron moved its assets out of the country.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
As white supremacists have carried out a growing number of deadly attacks in recent years, the FBI has come under mounting criticism for its failure to address the threat posed by far-right extremist ideologies, whose adherents account for most of the politically motivated violence in the U.S. At the same time, the bureau has also been heavily criticized for devoting large resources to surveilling political dissent by groups and individuals, often of color, who pose no threat but are critical of the government because they oppose official immigration policies or demand police accountability. The FBI’s preoccupation with policing nonviolent critical ideologies while neglecting to investigate ideologies tied to real, and increasing, violence was perhaps best captured in an infamous 2017 threat assessment report warning law enforcement agencies of the supposed rise of a “black identity extremist” movement targeting police. The black identity extremism category was a product of the FBI’s imagination. Last year ... bureau officials told legislators that they were doing away with a set of earlier domestic terrorism categories in favor of four larger ones. The FBI’s fictional black identity extremists would now be lumped together with white supremacists under a new “racially motivated violent extremism” category. That false equivalence made it virtually impossible for the public to know whether the FBI was devoting resources to investigating real threats of racist violence or social and racial justice groups critical of government.
Note: Read a revealing essay on COINTELPRO, the FBI program that targeted civil rights and anti-war activists from 1965-1975. For more along these lines, see concise summaries of deeply revealing news articles on civil liberties from reliable major media sources.
A new book-length study on the tax burden of the ultrarich begins with a startling finding: In 2018, for the first time in history, America’s richest billionaires paid a lower effective tax rate than the working class. “The Triumph of Injustice,” by economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley, presents a first-of-its kind analysis of Americans’ effective tax rates since the 1960s. It finds that in 2018, the average effective tax rate paid by the richest 400 families in the country was 23 percent, a full percentage point lower than the 24.2 percent rate paid by the bottom half of American households. In 1980, by contrast, the 400 richest had an effective tax rate of 47 percent. In 1960, that rate was as high as 56 percent. The effective tax rate paid by the bottom 50 percent, by contrast, has changed little over time. The tipping point came in 2017, with the passage of the Tax Cuts and Jobs Act. The legislation, championed by President Trump and then-House Speaker Paul D. Ryan (R-Wis.), was a windfall for the wealthy: It lowered the top income tax bracket and slashed the corporate tax rate. By 2018, according to Saez and Zucman, the rich were already enjoying the fruits of that legislation: The average effective tax rate paid by the top 0.1 percent of households dropped by 2.5 percentage points. The benefits promised by the bill’s supporters — higher rates of growth and business investment and a shrinking deficit — have largely failed to materialize.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
In Vietnam, citizens were enlisted to post pro-government messages on their personal Facebook pages. The Guatemalan government used hacked and stolen social media accounts to silence dissenting opinions. Ethiopia’s ruling party hired people to influence social media conversations in its favor. Despite increased efforts by internet platforms like Facebook to combat internet disinformation, the use of the techniques by governments around the world is growing, according to a report released Thursday by researchers at Oxford University. Governments are spreading disinformation to discredit political opponents, bury opposing views and interfere in foreign affairs. The researchers compiled ... one of the most comprehensive inventories of disinformation practices by governments around the world. They found that the number of countries with political disinformation campaigns more than doubled to 70 in the last two years, with evidence of at least one political party or government entity in each of those countries engaging in social media manipulation. Facebook remains the No. 1 social network for disinformation, the report said. Organized propaganda campaigns were found on the platform in 56 countries. Governments have used “cyber troops” to shape public opinion, including networks of bots to amplify a message, groups of “trolls” to harass political dissidents or journalists, and scores of fake social media accounts to misrepresent how many people engaged with an issue.
Note: This article completely fails to mention the U.S., which has one of the most sophisticated disinformation programs in the world, yet because the "black budget" for this is so well hidden, few know the extent to which citizens are manipulated both in the U.S. and worldwide. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and media manipulation from reliable major media sources.
October 4th, 2018, was a busy news day. The only thing that did not make the news was an announcement by a little-known government body called the Federal Accounting Standards Advisory Board - FASAB - that essentially legalized secret national security spending. The new guidance, “SFFAS 56 – CLASSIFIED ACTIVITIES” permits government agencies to “modify” public financial statements. It also expressly allows federal agencies to refrain from telling taxpayers if and when public financial statements have been altered. To Michigan State professor Mark Skidmore, who’s been studying discrepancies in defense expenditures for years, the new ruling - and the lack of public response to it - was a shock. “From this point forward,” he says, “the federal government will keep two sets of books, one modified book for the public and one true book that is hidden.” Catherine Austin Fitts was Assistant Secretary for Housing and Urban Development during the George H.W. Bush administration. She’s been working with Skidmore on defense accounting issues for two years. She was so alarmed about the new FASAB ruling she commissioned an in-depth study of “Standard 56” for her site, the Solari Report. The report writes bluntly that SFFAS 56 is: “... taking government accounting practices from laxly enforced reporting standards to a new benchmark entirely–expressly approved obfuscation of reporting and, in some cases, outright concealing financials.”
Note: Read summaries of several major media articles showing the Pentagon's blatant lies and disregard for accounting. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the military.
Newly released files from “behavior modification,” or mind control, projects conducted as part of the infamous Project MKUltra reveal the CIA experimented in more than controlling humans with psychotropic drugs, electrical shocks and radio waves—they also created field operational, remote-controlled dogs. The documents were provided under the Freedom of Information Act (FOIA) by John Greenewald, founder of The Black Vault, a site specializing in declassified government records. In one declassified letter (released as file C00021825) a redacted individual writes to a doctor (whose name has also been redacted) with advice about launching a laboratory for experiments in animal mind control. The writer of the letter is already an expert in the field, whose earlier work had culminated with the creation of six remote control dogs, which could be made to run, turn and stop. The letter writer characterizes the work with remote-controlling dogs as a success, describing “a demonstrated procedure for controlling the free-field behaviors of an unrestrained dog.” Attached to the letter is the writer’s final report from his earlier research, published in 1965, titled “Remote Control Behavior with Rewarding Electrical Stimulation of the Brain,” with the principle investigator’s name redacted. The prospect of a potential new laboratory seems to fire the letter writer’s imagination, who describes potential experimentation on “a range of species,” should they want to move past “basic research.”
Note: If the CIA had this level of sophistication in 1967, what do you think they are capable of now? Read more on the development of microchip implants. For more along these lines, see concise summaries of deeply revealing news articles on CIA mind control programs.
A decade ago, a billionaire pedophile was able to use his wealth and connections to escape any semblance of a just punishment. The whole system shielded the billionaire from the gravity of his crimes. That its functionaries felt compelled to do so says a lot about our ruling elites. The basic story is this: Jeffrey Epstein is a billionaire financier. He is also a sexual pervert who, until about 12 years ago, preyed serially on teenage children, roughly until they reached the age of consent and became, in his eyes, unattractive. What did authorities do when they found out, back in 2005? They spent a couple of years investigating and drawing up an indictment, then proceeded to quash further investigation, cooperated with Epstein’s lawyers to avoid publicity, violated procedures about plea bargains, made Epstein serve only 13 months in confinement, put him in the county jail rather than state prison ... and concealed most of the terms of the settlement from the public and the victims themselves. Epstein’s enablers weren’t a handful of Palm Beach rogues. Instead, the higher up the chain you went, the more sympathetic to Epstein the players seem to become. Of Epstein’s associates who helped make his crimes possible, none were prosecuted, save one. That was a butler who tried to turn over a so-called “black book” documenting names and dates of Epstein’s escapades to a lawyer for the victims in exchange for $50,000. For this, the butler wound up serving an 18-month sentence, longer than that of his boss.
Note: Epstein's butler feared for his life and ended up dead before he could reveal his secrets. Both Trump and Bill Clinton were good friends of Epstein, as described in this revealing article from Miami's leading newspaper. Learn about how the Miami Herald broke this vitally important story in this article. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
An 11-year-old has been able to hack into a replica of Florida’s election system in 10 minutes during a test ahead of upcoming US midterm elections this November. The boy was the fastest of 35 children who were able to hack into replicas of the websites of six swing states during the three-day Def Con security convention. The results of those efforts to test the strength of US election infrastructure will be passed onto the states, and the National Association of Secretaries of State - the officials responsible for tallying and confirming vote totals - said that they welcome the efforts. The results highlight potential security lapses amid heightened concern that American voter rolls will be tampered with in the upcoming midterm elections, and after President Donald Trump’s national security team warned that Russia had launched “pervasive” efforts to interfere in America’s 2018 elections. The convention indicated that the hackers were able to change party names in the systems, and added as many as 12 billion votes to candidates. “Candidates names were changed to ‘Bob Da Builder’ and ‘Richard Nixon’s head’,” the convention said in a tweet. The winning hacker was identified as Emmett Brewer, a boy whose Twitter account says he lives in Austin, Texas.
Note: For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Elections Information Center.
Robert F. Kennedy Jr. pulled up to the massive Richard J. Donovan Correctional Center, a California state prison complex. Kennedy was there to visit Sirhan B. Sirhan, the man convicted of killing his father, Sen. Robert F. Kennedy, nearly 50 years ago. It was the culmination of months of research by Kennedy into the assassination. He would not discuss the specifics of their conversation. But when it was over, Kennedy had joined those who believe there was a second gunman, and that it was not Sirhan who killed his father. He now supports the call for a re-investigation of the assassination led by Paul Schrade, who also was shot in the head as he walked behind Kennedy in the pantry of the Ambassador Hotel ... but survived. Though Sirhan admitted at his trial in 1969 that he shot Kennedy, he claimed from the start that he had no memory of doing so. And midway through Sirhan's trial, prosecutors provided his lawyers with an autopsy report that launched five decades of controversy: Kennedy was shot four times at point-blank range from behind, including the fatal shot behind his ear. But Sirhan, a 24-year-old Palestinian immigrant, was standing in front of him. Was there a second gunman? The debate rages to this day. Sirhan's appeals have been rejected ... as recently as 2016, even with the courts considering new evidence that has emerged over the years that as many as 13 shots were fired - Sirhan's gun held only eight bullets - and that Sirhan may have been subjected to coercive hypnosis, a real life "Manchurian candidate."
Note: In 2006, BBC described new evidence that placed "three senior CIA operatives at the scene of Robert Kennedy's assassination" and reported that Sirhan may have been a Manchurian Candidate programmed to act as a decoy for the real assassin. In 2011 the Boston Globe reported that RFK harbored suspicions that the CIA was behind his brother's murder. For more along these lines, see concise summaries of deeply revealing news articles on assassinations reported by reliable major media sources.
The Newborn Genetic Screening test is required in all 50 states. Nearly every baby born in the United States gets a heel prick shortly after birth. Their newborn blood fills six spots on a special filter paper card. It is used to test baby for dozens of congenital disorders. Some states destroy the blood spots after a year, 12 states store them for at least 21 years. California, however, is one of a handful of states that stores the remaining blood spots for research indefinitely in a state-run biobank. The child's leftover blood spots become property of the state and may be sold to outside researchers without the parent's knowledge or consent. "I just didn't realize there was a repository of every baby born in the state. It's like fingerprints," new mom Soniya Sapre responded. In California ... you do have the right to ask the biobank to destroy the leftovers after the fact, though the agency's website states it "may not be able to comply with your request." You also have the right to find out if your child's blood spots have been used for research, but you would have to know they were being used in the first place and we've discovered that most parents don't. But researchers with the California Genetic Disease Screening Program aren't the only ones with access to samples stored in the biobank. Blood spots are given to outside researchers for $20 to $40 per spot. According to biobank records, the program sold about 16,000 blood spots over the past five years, totaling a little more than $700,000.
MuckRock, a news organization that specializes in filing Freedom of Information Act (FOIA) requests with state and federal government bodies, received mysterious documents about mind control, seemingly by accident. Journalist Curtis Waltman was writing to the Washington State Fusion Center (WSFC), a joint operation between Washington State law enforcement and the federal government to request information about Antifa and white supremacist groups. He got responses to the questions he asked, but also a file titled "EM effects on human body.zip." At least some of the images [in the file] appear to be part of an article in Nexus magazine describing a 1992 lawsuit brought by one John St. Clair Akewi against the NSA. Akewi claimed that the NSA had the "ability to assassinate US citizens covertly or run covert psychological control operations to cause subjects to be diagnosed with ill mental health" and was documenting their alleged methods. The federal government has absolutely experimented with mind control in a variety of methods, but the documents here do not appear to be official. Waltman had no idea why these documents were included in his request and isn't sure why the government is holding them. The WSFC did not respond to requests for more information.
Note: Text and images from the Nexus magazine article referenced above are available on this page. For more along these lines, see our resource-filled mind control information center and concise summaries of deeply revealing mind control news articles from reliable major media sources.
Ex-CIA Director James Woolsey said it himself. Yes, the U.S. meddles in other countries elections. But when we do it, it’s for the right reasons. “Only for a very good cause,” he says, because our government is ensuring foreign elections result in “democracy.” But doesn’t democracy demand that people decide for themselves? And how well has U.S. meddling actually worked out? According to Carnegie Mellon University researcher Dov Levin, the United States has attempted to sway elections in other countries more than 80 times worldwide between 1946 and 2000. But those 80+ instances of the U.S. interfering with other nations elections does not include regime change efforts. In the 1970s in Chile, the CIA conducted a botched kidnapping of General René Schneider, the Chilean Army’s commander-in-chief, that resulted in Schneider’s death. The plot was an effort to undermine the presidency of Salvador Allende, which may have fueled the violent coup that led to Allende’s overthrow. In 1974, Henry Kissinger was quoted in Newsweek, saying about Chile: “I don’t see why we have to let a country go communist due to the irresponsibility of its own people.” Levin’s tally also does not include covert coup d’etats where our government overthrows a foreign leader like the the U.S. did in Iran in 1953 or in Guatemala in 1954. In fact, Salon magazine documents 35 nations in which the United States has overthrown legitimate governments and or supported fascists, drug lords or terrorists. U.S. intervention is rarely about democracy.
Note: Truth in Media is one of the few media outlets speaking truth from a balanced place with reliable facts can be verified. Don't miss the excellent video at the webpage above. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.
The National Security Agency maintains a page on its website that outlines its mission statement. Since at least May 2016, the surveillance agency had featured honesty as the first of four “core values” listed on NSA.gov, alongside “respect for the law,” “integrity,” and “transparency.” On January 12, however, the NSA removed the mission statement page – which can still be viewed through the Internet Archive – and replaced it with a new version. Now, the parts about honesty and the pledge to be truthful have been deleted. The agency’s new top value is “commitment to service,” which it says means “excellence in the pursuit of our critical mission.” Those are not the only striking alterations. All references to “trust,” “honor,” and “openness” have disappeared. The agency previously stated on its website that it embraced transparency and claimed that all of its activities were aimed at “ensuring the safety, security, and liberty of our fellow citizens.” That has also been discarded. The new list of values includes the additions “respect for people” and “accountability.” But the section on respecting people is a reference to diversity within the NSA workforce, not a general commitment to members of the public. Accountability is defined as taking “responsibility for our decisions.” The one core value that remains essentially unchanged is “respect for the law,” which the agency says means it is “grounded in our adherence to the U.S. Constitution and compliance with the U.S. laws, regulations and policies that govern our activities.”
Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015. The work of Mark Skidmore and his team, which included digging into government websites and repeated queries to U.S. agencies that went unanswered, coincided with the Office of Inspector General, at one point, disabling the links to all key documents showing the unsupported spending. Now, the Department of Defense has announced it will conduct the first department-wide, independent financial audit in its history. The Defense Department did not say specifically what led to the audit. But the announcement came four days after Skidmore discussed his team’s findings on USAWatchdog, a news outlet run by former CNN and ABC News correspondent Greg Hunter. Skidmore got involved last spring when he heard Catherine Austin Fitts, former assistant secretary of Housing and Urban Development, refer to a report which indicated the Army had $6.5 trillion in unsupported adjustments, or spending, in fiscal 2015. Given the Army’s $122 billion budget, that meant unsupported adjustments were 54 times spending authorized by Congress. Typically, such adjustments in public budgets are only a small fraction of authorized spending. Skidmore thought Fitts had made a mistake. “Maybe she meant $6.5 billion and not $6.5 trillion,” he said. “So I found the report myself and sure enough it was $6.5 trillion.”
Note: Explore this webpage for additional background on this story. See also a detailed analysis of these missing trillions, which amount to $65,000 per man, woman, and child in the US. And don't miss this highly revealing interview with Prof. Mark Skidmore of Michigan State with even more startling news. Why isn't the major media reporting this huge news?
A recently-published Harvard University meta-analysis funded by the National Institutes of Health (NIH) has concluded that children who live in areas with highly fluoridated water have “significantly lower” IQ scores than those who live in low fluoride areas. The [32-page report] said: "A recent report from the U.S. National Research Council (NRC 2006) concluded that adverse effects of high fluoride concentrations in drinking water may be of concern. Fluoride may cause neurotoxicity in laboratory animals, including effects on learning and memory." Findings from our meta-analyses of 27 studies published over 22 years suggest an inverse association between high fluoride exposure and children’s intelligence. Fluoride may be a developmental neurotoxicant that affects brain development at exposures much below those that can cause toxicity in adults." Despite the evidence against it, fluoride is still added to 70 percent of U.S. public drinking water supplies. What is perhaps most surprising is that the harmful effects of fluoride have been known by conventional medical organizations for over half a century. For example, the Journal of the American Medical Association (JAMA) stated in their Sept. 18, 1943 issue that fluorides are general protoplasmic poisons. And, an editorial published in the Journal of the American Dental Association on Oct. 1, 1944, stated: "Drinking water containing as little as 1.2 ppm fluoride will cause developmental disturbances. The potentialities for harm outweigh those for good."
Note: You can find the original analysis on the Harvard website at this link. Another study with similar results is available here. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.
Don’t want to get a vaccine for yourself or your child? Prepare to face the consequences. In the last month, a Detroit mother went to jail because she refused to vaccinate her child. Fifty people lost their jobs at a group of Midwestern hospitals and clinics because they declined a flu shot. And an Oregon university has blocked students from registering for classes unless they have a meningitis shot. All states have some vaccine requirements for public education—no shots, no school. All but three states - Mississippi, West Virginia and California - allow parents to send their child to school without vaccines based on some kind of non-medical exemption. In 2013, more than 90 percent of American children had been vaccinated for chicken pox, hepatitis B, measles, mumps and rubella, according to the Centers for Disease Control and Prevention. However, a significant number of people ... hesitate when a doctor offers them a vaccine. A new study released on Monday found that 27 percent of the parents surveyed could be classified as moderately or highly hesitant around vaccines. That same study found these people may be particularly concerned with the purity of vaccines. Increasingly, parents who choose not to vaccinate are warned of harsh penalties. People who choose not to vaccinate themselves may also face serious consequences. Some states have laws guiding which vaccinations people working at hospitals or other health care facilities must have; more often, requirements may be enshrined in a facility's policy, not in law.
Note: Watch an excellent video of Emmy award winning reporter Sharyl Attkisson exposing how the government fired an vaccine expert who found links to autism. For more along these lines, see concise summaries of deeply revealing vaccine controversy news articles from reliable major media sources.
The relationship between US national security and Hollywood is much deeper and more political than anyone has ever acknowledged. It is a matter of public record that the Pentagon has had an entertainment liaison office since 1948. The Central Intelligence Agency (CIA) established a similar position in 1996. Although it was known that they sometimes request script changes in exchange for advice, permission to use locations, and equipment such as aircraft carriers, each appeared to have passive, and largely apolitical roles. Files we obtained, mainly through the US Freedom of Information Act, show that between 1911 and 2017, more than 800 feature films received support from the US Government’s Department of Defence (DoD), a significantly higher figure than previous estimates indicate. These included blockbuster franchises such as Transformers, Iron Man, and The Terminator. On television, we found over 1,100 titles received Pentagon backing – 900 of them since 2005, from Flight 93 to Ice Road Truckers to Army Wives. When we include individual episodes for long running shows like 24, Homeland, and NCIS, as well as the influence of other major organisations like the FBI and White House, we can establish unequivocally for the first time that the national security state has supported thousands of hours of entertainment. For its part, the CIA has assisted in 60 film and television shows since its formation in 1947. This is a much lower figure than the DoD’s but its role has nonetheless been significant.
Note: Read how the Pentagon controls the script of hundreds of movies, some quite well known. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the manipulation of public perception.
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.
In the summer of 2012, a subcommittee of the U.S. Senate released a report. [After] looking into the London-based banking group HSBC, [investigators] discovered that ... the bank had laundered billions of dollars for Mexican drug cartels, and violated sanctions. No criminal charges were filed, and no executives or employees were prosecuted. Instead, HSBC pledged to clean up its institutional culture, and to pay a fine of nearly two billion dollars: the equivalent of four weeks’ profit for the bank. In the years since the mortgage crisis of 2008 ... corporate executives have essentially been granted immunity. As recently as 2006, when Enron imploded, such titans as Jeffrey Skilling and Kenneth Lay were convicted of conspiracy and fraud. Something has changed in the past decade, however, and federal prosecutions of white-collar crime are now at a twenty-year low. As Jesse Eisinger, a reporter for ProPublica, explains in a new book ... a financial crisis has traditionally been followed by a legal crackdown, because a market contraction reveals all the wishful accounting and outright fraud that were hidden when the going was good. After the mortgage crisis, people in Washington and on Wall Street expected prosecutions. Eisinger reels off a list of potential candidates for criminal charges: Countrywide, Washington Mutual, Lehman Brothers, Citigroup, A.I.G., Bank of America, Merrill Lynch, Morgan Stanley. Although fines were paid ... there were no indictments, no trials, no jail time.
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.