Corporate Corruption Media Articles

Excerpts of Key Corporate Corruption Media Articles in Major Media

Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: Explore our full index to key excerpts of revealing 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.

In July, US group Delta Air Lines revealed that approximately 3 percent of its domestic fare pricing is determined using artificial intelligence (AI) – although it has not elaborated on how this happens. The company said it aims to increase this figure to 20 percent by the end of this year. According to former Federal Trade Commission Chair Lina Khan ... some companies are able to use your personal data to predict what they know as your "pain point" – the maximum amount you're willing to spend. In January, the US's Federal Trade Commission (FTC), which regulates fair competition, reported on a surveillance pricing study it carried out in July 2024. It found that companies can collect data directly through account registrations, email sign-ups and online purchases in order to do this. Additionally, web pixels installed by intermediaries track digital signals including your IP address, device type, browser information, language preferences and "granular" website interactions such as mouse movements, scrolling patterns and video viewing behaviour. This is known as "surveillance pricing". The FTC Surveillance Pricing report lists several ways in which consumers can protect their data. These include using private browsers to do your online shopping, opting out of consumer tracking where possible, clearing the cookies in your history or using virtual private networks (VPNs) to shield your data from being collected.

Note: For more along these lines, read our concise summaries of news articles on Big Tech and the disappearance of privacy.

It was early 2012 when doctors found a tumor in Kim Franzi's brain. Franzi underwent a risky two-day brain surgery to remove the mass, which doctors warned could leave her paralyzed or prove fatal. The operation was successful, but more than 13 years later, she still suffers from side effects, including issues with her reflexes, teeth, hearing, and vision. Before discovering the tumor, Franzi used the birth control shot Depo-Provera for more than 15 years. The shot has been used by roughly one in four sexually active women in the United States, bringing in hundreds of millions in profits annually for the pharmaceutical behemoth Pfizer, which manufactures and distributes the drug. But according to more than 1,200 lawsuits, Pfizer has failed to properly warn the public about long-established links between Depo-Provera and meningiomas. That includes a lawsuit submitted on Franzi's behalf, plus more than 9,500 cases that have yet to be filed. In 2024, a large study of more than 18,000 cases of women undergoing surgery for meningiomas found that "prolonged use of [Depo-Provera] was found to increase the risk of intracranial meningioma." Specifically, the scientists found that use of Depo-Provera was associated with a more than five-fold heightened risk of developing a meningioma that required surgery, and that risk increased further if patients used Depo-Provera for more than a year. Drug labels for Depo-Provera in the European Union, United Kingdom, New Zealand, Australia, and Canada ... warn about these brain tumors.

Note: Read the full article to learn about how Pfizer omitted six studies that found significant links between patients taking the birth control shot and brain tumors. For more along these lines, read our concise summaries of news articles on health and Big Pharma corruption.

Emergency rooms, dentist offices, and nursing homes managed by the private equity industry consistently deliver worse health outcomes than other such medical institutions. The difference can mean life or death for patients. A new Harvard Medical School study of more than one million Medicare ER visits found that patient death rates are 13 percent higher in private equity–owned ERs than their counterparts, likely thanks to staffing and salary cuts. On average, private equity–owned hospitals reduce hospital staffing by more than 11 percent and pay ER staffers 18 percent less than non-private equity hospitals. Private equity–backed dental groups have been found to perform medically unnecessary and painful procedures. One firm allegedly extracted healthy teeth from patients to charge them for expensive dental implants, while another performed root canals on the baby teeth of children as young as three. A study of more than 662,000 Medicare hospitalizations in private equity–owned facilities saw 25 percent more hospital-acquired complications, including falls and surgical site infections, compared to other hospitals. Medicare patients in private equity–backed nursing homes suffered an 11 percent higher short-term mortality rate than those in non-private equity–backed facilities between 2004 and 2019, resulting in 22,500 additional deaths. Nursing homes linked to private equity tend to underperform in terms of patient mobility and reported pain levels.

Note: For more along these lines, read our concise summaries of news articles on health and financial system corruption.

Mark Zuckerberg is said to have started work on Koolau Ranch, his sprawling 1,400-acre compound on the Hawaiian island of Kauai, as far back as 2014. It is set to include a shelter, complete with its own energy and food supplies, though the carpenters and electricians working on the site were banned from talking about it. Asked last year if he was creating a doomsday bunker, the Facebook founder gave a flat "no". The underground space spanning some 5,000 square feet is, he explained, "just like a little shelter, it's like a basement". Other tech leaders ... appear to have been busy buying up chunks of land with underground spaces, ripe for conversion into multi-million pound luxury bunkers. Reid Hoffman, the co-founder of LinkedIn, has talked about "apocalypse insurance". So, could they really be preparing for war, the effects of climate change, or some other catastrophic event the rest of us have yet to know about? The advancement of artificial intelligence (AI) has only added to that list of potential existential woes. Ilya Sutskever, chief scientist and a co-founder of Open AI, is reported to be one of them. Mr Sutskever was becoming increasingly convinced that computer scientists were on the brink of developing artificial general intelligence (AGI). In a meeting, Mr Sutskever suggested to colleagues that they should dig an underground shelter for the company's top scientists before such a powerful technology was released on the world.

Note: Read how some doomsday preppers are rejecting isolating bunkers in favor of community building and mutual aid. For more along these lines, read our concise summaries of news articles on financial inequality.

There are 34 ingredients in M&Ms, and, according to Mars, the company that produces the candy, at least 30 countries – from Ivory Coast to New Zealand – are involved in supplying them. Each has its own supply chain that transforms the raw materials into ingredients – cocoa into cocoa liquor, cane into sugar, petroleum into blue food dye. The environmental impact of ultra-processed foods – like M&Ms – is less clear and is only now starting to come into focus. One reason they have been so difficult to assess is the very nature of UPFs: these industrially made foods include a huge number of ingredients and processes to put them together, making it nearly impossible to track. Since 1850, agricultural expansion has driven almost 90% of global deforestation, which has been responsible for 30% of global greenhouse gas emissions. Getting an exact measure of the environmental toll of UPFs is nearly impossible, given that, definitionally, UPFs consist of many ingredients and a high volume of opaque processes. Ingredients aren't just mixed together like one would do to make a stew at home. Instead, these ingredients are chemically modified, some parts stripped away, and flavors, dyes or textures added in – and it's unclear what the cost of these processes are because so many suppliers and components are involved. Another reason is that all UPFs (again, definitionally) are the creations of food companies that have little incentive to disclose their environmental footprint.

Note: For more along these lines, read our concise summaries of news articles on food system corruption and climate change.

Robert F. Kennedy Jr.'s making animal welfare a component of his Make America Healthy Again mission. The health secretary has asked his agencies to refine high-tech methods of testing chemicals and drugs that don't involve killing animals. He thinks phasing out animal testing and using the new methods will help figure out what's causing chronic disease. Last week, the National Institutes of Health announced it would spend $87 million on a new center researching alternatives to animal testing and permit agency-supported researchers to use grant funding to find homes for retired lab animals. Kennedy signed off because he thinks the new methods will enable scientists to more quickly and inexpensively draw conclusions about how chemicals and drugs work. He expects that'll confirm his belief that chemicals in the environment and in food are making Americans sick and also speed cures for chronic diseases like cancer, heart disease and diabetes. The new center will attempt to develop a standardized alternative to animal testing that relies on tiny, lab-grown 3D tissue models, enlisting help from across the NIH and the Food and Drug Administration, which regulates pharmaceuticals. Harnessing science and technology to protect animals isn't an obvious Trump agenda item. But the president has a pattern of taking ideas from the left and repackaging them for his base, to great success.

Note: For more along these lines, read our concise summaries of news articles on health and Big Pharma corruption.

Nearly the entire population of El Guayabo, approximately 400 to 500 dirt-poor lime pickers living on communal land in the west Mexican state of Michoacán, fled hastily in mid-July to escape combat between the Jalisco New Generation Cartel, known as CJNG, and the Caballeros Templarios. Every house were shattered by gunfire, roofs were blown open by bombs dropped from internet-bought drones, and everyone walked nervously, scanning the ground for landmines. Scattered everywhere were thousands of dull bronze shell-casings: .50 caliber rounds for sniper rifles and machine guns, 5.56 rounds for AR-15s and similar rifles, and 7.62×39 shells used for AK-47-style rifles. Putting a stop "to every terrorist thug smuggling poisonous drugs into the United States," as President Donald Trump put it to the United Nations last week, has become his self-proclaimed mission. If the U.S. military does confront the cartels in Mexico, it will find itself facing battle with its own weapons. An investigation by The Intercept traced the bullets that littered the ground in El Guayabo to at least two U.S. firearms manufacturers, one of which operates a massive factory owned by the U.S. military. Experts estimate that around 200,000 military-grade assault weapons and machine guns are trafficked every year from U.S. gunshops to Mexican criminal groups, moving south across the border. Between 2009 and 2011 ... ATF agents in Arizona allowed cartel straw buyers to purchase nearly 2,000 assault weapons.

Note: The US is effectively providing the means for the cartels to wage their dirty war. Read more about how the US arms Mexican drug cartels. Also, don't miss our in-depth investigation into the dark truths behind the War on Drugs including the long history of the US government arming and financing drug cartels for years. For more along these lines, read our concise summaries of news articles on the War on Drugs.

Top regulatory officials met with agricultural and chemical industry representatives dozens of times in the first few months after President Donald Trump took office. [The meetings] were followed by a series of regulatory rollbacks and a downplaying of pesticide concerns by the administration's "Make America Healthy Again" (MAHA) Commission. From February to mid-May, Environmental Protection Agency (EPA) leaders accepted meetings with representatives from at least 50 industry associations and companies, including agricultural and chemical giants such as Bayer, Corteva, BASF, Dow and the agrichemical lobbying group CropLife America, as well as the American Soybean Association, the National Cotton Council and others. Critics of the agrichemical industry said corporate influence in regulatory matters was underscored earlier this month when the Trump administration's "Make America Healthy Again" (MAHA) Commission released its long-anticipated report on how to address chronic disease and clean up the food supply. The final version was significantly more friendly to the agricultural industry than a May MAHA report that cited the health risks posed by the widely used farm chemicals glyphosate and atrazine. The September report took aim at synthetic dyes and junk food, among other things, but deleted references to glyphosate and atrazine and made no mention of pesticide exposure routes or risks.

Note: For more along these lines, read our concise summaries of news articles on government corruption and toxic chemicals.

In response to conservative influencer Charlie Kirk's murder, both President Trump and Vice President JD Vance have suggested the White House will target left-wing groups and their donors. Fear of political retribution is not the only reason U.S. think tanks may be reluctant to share financial information. Even before these new threats against left-leaning groups, a Quincy Institute report found that over a third of the major foreign policy think tanks do not disclose any donor information, oftentimes because of their heavy reliance on special interests. The top 50 American think tanks received at least $110 million from foreign governments and $35 million from defense contractors in the past 5 years alone. Despite their positioning as objective and independent institutions, reliance on special interests can lead to self-censorship and perspective filtering. In March, Secretary of State Marco Rubio announced that he would be canceling 83% of USAID's programs. The decision impacted think tanks all around the world. The Trump administration also cut funding for the Wilson Center and U.S. Institute for Peace, two congressionally-established think tanks. Many think tanks will no doubt look to other sources to fill the gaps in U.S. funding, particularly private companies and foreign governments willing to dole out millions of dollars with the intent to influence think tank research. Those sources will likely come with strings attached.

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

Pesticides once appeared to be a clear target for Robert F. Kennedy Jr.'s desire to "make America healthy again." Before becoming the health secretary, he described Monsanto, the maker of the glyphosate-based herbicide Roundup, as "enemy of every admirable American value," and vowed to "ban the worst agricultural chemicals already banned in other countries." Since he came to power, many of Kennedy's fans have waited eagerly for him to do just that. Kennedy has yet to satisfy them: In the latest MAHA action plan on children's health, released last week, pesticides appear only briefly on a laundry list of vague ideas. The plan says that the government should fund research on how farmers could use less of them, and that the government "will work to ensure that the public has awareness and confidence" in the EPA's existing pesticide-review process, which it called "robust." Several studies have found neurological impacts associated with pesticides. UC Davis's MIND Institute put out a study in 2014 that found autism risk was much higher among children whose mothers had lived near agricultural-pesticide areas while pregnant. A 2017 paper found that zip codes that conducted aerial spraying for mosquitoes–a pesticide–had comparatively higher rates of autism than zip codes that didn't. Others have linked pesticides to a range of behavioral and cognitive impairment in children.

Note: For more along these lines, read our concise summaries of news articles on government corruption and toxic chemicals.

There has been a surge of concern and interest in the threat of "surveillance pricing," in which companies leverage the enormous amount of detailed data they increasingly hold on their customers to set individualized prices for each of them – likely in ways that benefit the companies and hurt their customers. The central battle in such efforts will be around identity: do the companies whose prices you are checking or negotiating know who you are? Can you stop them from knowing who you are? Unfortunately, one day not too far in the future, you may lose the ability to do so. Many states around the country are creating digital versions of their state driver's licenses. Digital versions of IDs allow people to be tracked in ways that are not possible or practical with physical IDs – especially since they are being designed to work ... online. It will be much easier for companies to request – and eventually demand – that people share their IDs in order to engage in all manner of transactions. It will make it easier for companies to collect data about us, merge it with other data, and analyze it, all with high confidence that it pertains to the same person – and then recognize us ... and execute their price-maximizing strategy against us. Not only would digital IDs prevent people from escaping surveillance pricing, but surveillance pricing would simultaneously incentivize companies to force the presentation of digital IDs by people who want to shop.

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

Jeffrey Epstein was a very wealthy man, but exactly how wealthy and where that money came from remains shrouded in mystery. Newly unearthed emails last week shone light on Epstein's role as freelance client development officer, acting as a channel between political figures and business titans, greasing up the former with lifestyles they could not afford and the latter with avenues of political influence. Figures in Epstein's network of billionaires, politicians, celebrities, royalty and intellectuals were assembled into schemes of influence. The spheres of influence Epstein created, emails showed, relied simultaneously on access and gifts Between his collection of lavish homes in New York, Palm Beach and Paris, two private Caribbean islands, two jets and helicopter, Epstein held nearly $380m in cash and investments, according to his estate. That wealth arrived suddenly. Until the end of the 90s, Epstein was living in a two-bedroom apartment on Manhattan's Upper East Side close to the river. It was only when Maxwell arrived from London that his lifestyle was dramatically elevated. Epstein moved to a townhouse on 68th Street and later to a 28,000-sq-ft mansion on 71st Street, later transferred to him by Wexner in 2011. Steven Hoffenberg, a former business partner of Epstein convicted of running a Ponzi scheme, claimed that Maxwell's father, the disgraced press baron Robert Maxwell, introduced his daughter to Epstein in the late 1980s. A 2022 Miami Herald exposé showed complex Maxwell family transactions passing through companies in Jersey, the British Virgin Islands and Panama that it called "a decades-long modus operandi of financial deception".

Note: There is significant evidence suggesting that Robert Maxwell was a superspy for Mossad, Israel's intelligence and covert operations unit. US attorney Alexander Acosta was once told Epstein "belonged to intelligence, and to leave it alone." Read our comprehensive Substack investigation covering the connection between Epstein's child sex trafficking ring and intelligence agency sexual blackmail operations.

In an exchange this week on "All-In Podcast," Alex Karp was on the defensive. The Palantir CEO used the appearance to downplay and deny the notion that his company would engage in rights-violating in surveillance work. "We are the single worst technology to use to abuse civil liberties, which is by the way the reason why we could never get the NSA or the FBI to actually buy our product," Karp said. What he didn't mention was the fact that a tranche of classified documents revealed by [whistleblower and former NSA contractor] Edward Snowden and The Intercept in 2017 showed how Palantir software helped the National Security Agency and its allies spy on the entire planet. Palantir software was used in conjunction with a signals intelligence tool codenamed XKEYSCORE, one of the most explosive revelations from the NSA whistleblower's 2013 disclosures. XKEYSCORE provided the NSA and its foreign partners with a means of easily searching through immense troves of data and metadata covertly siphoned across the entire global internet, from emails and Facebook messages to webcam footage and web browsing. A 2008 NSA presentation describes how XKEYSCORE could be used to detect "Someone whose language is out of place for the region they are in," "Someone who is using encryption," or "Someone searching the web for suspicious stuff." In May, the New York Times reported Palantir would play a central role in a White House plan to boost data sharing between federal agencies, "raising questions over whether he might compile a master list of personal information on Americans that could give him untold surveillance power."

Note: Read about Palantir's revolving door with the US government. As former NSA intelligence official and whistleblower William Binney articulated, "The ultimate goal of the NSA is total population control." For more along these lines, read our concise summaries of news articles on Big Tech and the disappearance of privacy.

When it comes to pesticides, the Trump administration's Make America Healthy Again, or MAHA, Commission has a serious problem: The Commission's newly released strategy for addressing childhood chronic disease is better for the pesticide industry than for people. The US currently uses over a billion pounds of pesticides annually on our crops, about one-third of which is chemicals that have been banned in other countries. Many have been linked to serious health problems from cancer to infertility to birth defects. Those pesticides contaminate our air, our water, and our bodies. One cancer-linked pesticide, glyphosate, is now found in 80% of adults and 87% of children. [The Commission] barely mentions organic farming, despite the fact that organic is the clearest pathway to transforming our food system into one that is healthy and nontoxic. The US Department of Agriculture organic seal prohibits more than 900 synthetic pesticides allowed in conventional agriculture. Just one week on an organic diet can reduce pesticide levels in our bodies up to 95%. Synthetic food dyes–a key issue for the MAHA movement–are all prohibited by the organic seal, along with hundreds of other food additives and drugs. The Commission's strategy ignores organic. Instead, it leans into promoting industry-friendly "precision agriculture"–the use of AI, machine learning, and digital tools on farms to optimize inputs–which primarily benefits corporate giants like Bayer.

Note: For more along these lines, read our concise summaries of news articles on government corruption and toxic chemicals.

The picture many people have of nongovernmental organizations (NGOs) is overwhelmingly positive. And yet there is now overwhelming evidence that governments have funded and in some cases created NGOs to demand politically-motivated, unconstitutional, and dangerously ideological censorship. Other journalists, researchers, and I have documented how government intelligence and security agencies have done this in the US, Europe, and Brazil. Those agencies work with existing or new NGOs to circumvent free speech protections, including the First Amendment, and legitimize what is politically and ideologically motivated as apolitical and non-ideological. This can accurately be described as "censorship-by-proxy." Censorship by proxy operates similarly in every nation. NGOs claiming to be independent of governments, but funded by, created by, and working with government agencies, demand censorship based on their "independent reports," "fact checks," and "analyses." Often, the NGO "fact checks" are themselves misinformation, including misrepresentations of opinions as facts. Twitter and Facebook created special "portals" for government-funded NGOs to "flag" posts they wanted censored. The NGOs, staffed with ostensibly former military and intelligence employees, sought and won mass censorship with an aim at promoting the narratives they wanted and stomping out narratives they didn't want.

Note: For more along these lines, read our concise summaries of news articles on government corruption and censorship.

Erb and his cousin raised money from investors, bought homes in places like the Chatham-Arch neighborhood in Indianapolis ... and rented them out. He was not the first New York finance person to profit from single-family rentals across the United States. The private equity firm Blackstone (commonly confused with BlackRock) more or less invented this buy-to-rent strategy in 2012. It's now a public company valued at more than $18 billion. The response to this development – of Wall Street buying Main Street ... has been bipartisan, populist and patriotic condemnation. Both JD Vance and Kamala Harris called for bans on these corporate landlords. Homeownership has been a primary way that middle-class families build wealth. But now private equity was outbidding aspiring homeowners, making it more expensive to buy a home and pocketing the appreciation in home values. During the Great Recession ... the U.S. had a glut of single-family homes in foreclosure. Many were auctioned off en masse, including by the federal government, which organized auctions for investors like Blackstone and even provided a $1 billion loan guarantee to encourage Blackstone to buy. This allowed private equity firms (which raise money from wealthy families, pension funds and other organizations to seek out profits, often by buying private companies) and real estate investors to efficiently and cheaply buy, say, a dozen similar homes located in the same Phoenix suburb.

Note: For more along these lines, read our concise summaries of news articles on financial inequality and financial system corruption.

Jeffrey Epstein ... helped JPMorgan orchestrate an important acquisition. He introduced executives to men who would become lucrative clients, like the Google co-founder Sergey Brin, and to global leaders, like Prime Minister Benjamin Netanyahu of Israel. At Epstein's behest, JPMorgan set up accounts – into which he routinely transferred huge sums – for young women who turned out to be victims of his sex-trafficking operations. It wired his funds overseas. It even paid him millions of dollars. But in the summer of 2019, Epstein was arrested. Federal prosecutors charged him with sex trafficking. JPMorgan went into damage-control mode. It filed a report with federal regulators that retroactively flagged as suspicious some 4,700 Epstein transactions – totaling more than $1.1 billion and including hundreds of millions of dollars in payments to Russian banks and young Eastern European women who were brought to the United States. Banks are required to file such reports in real time to alert law enforcement to things like money laundering, sex trafficking and drug dealing. Doing it after the fact might have provided JPMorgan with legal cover, but it did nothing to help identify Epstein's crimes as they were happening. The fallout for JPMorgan has been limited. In 2023, it paid $290 million to settle a lawsuit brought by roughly 200 of Epstein's victims and an additional $75 million to resolve related litigation brought by the U.S. Virgin Islands.

Note: This article is also available here. According to a Guardian article, "Epstein introduced [JPMorgan] bank executives to some figures who would become clients, including the Google co-founder Sergey Brin, and to global leaders, such as the Israeli prime minister, Benjamin Netanyahu, Bill Gates, Elon Musk and the Emirati billionaire Sultan Ahmed bin Sulayem." Read our comprehensive Substack investigation covering the connection between Epstein's child sex trafficking ring and intelligence agency sexual blackmail operations.

The insecticide chlorpyrifos is a powerful tool for controlling various pests, making it one of the most widely used pesticides during the latter half of the 20th century. Like many pesticides, however, chlorpyrifos lacks precision. In addition to harming non-target insects like bees, it has also been linked to health risks for much larger animals – including us. Now, a new US study suggests those risks may begin before birth. Humans exposed to chlorpyrifos prenatally are more likely to exhibit structural brain abnormalities and reduced motor functions in childhood and adolescence. Progressively higher prenatal exposure to chlorpyrifos was associated with incrementally greater deviations in brain structure, function, and metabolism in children and teens, the researchers found, along with poorer measures of motor speed and motor programming. This supports previous research linking chlorpyrifos with impaired cognitive function and brain development, but these findings are the first evidence of widespread and long-lasting molecular, cellular, and metabolic effects in the brain. Subjects in this urban cohort were likely exposed to chlorpyrifos at home, since many were born before or shortly after the US Environmental Protection Agency banned residential use of chlorpyrifos in 2001. The pesticide is still used in agriculture around the world. "Widespread exposures ... continue to place farm workers, pregnant women, and unborn children in harm's way," says senior author Virginia Rauh.

Note: Did you know that chlorpyrifos was originally developed by Nazis during World War II for use as a nerve gas? Read more about the history and politics of chlorpyrifos, and how U.S. regulators relied on falsified data to allow its use for years.

A major settlement announced this week brought an end to a lengthy battle between chemical manufacturer Monsanto and students, parents and staff of a Monroe school who were exposed to toxic PCBs for years. PCBs, or polychlorinated biphenyls, are human-made chemicals that the Environmental Protection Agency has linked to some cancers and other illnesses. They festered at Sky Valley Education Center, an alternative school in Snohomish County, where fluorescent lights and building caulking were contaminated. The preservatives were once widely relied upon for building durability, but the EPA has since banned their use. More than 200 people from Sky Valley blamed their serious illnesses on exposure to the toxicant. This week's announcement marks the largest, and only significant, PCB personal injury settlement since Monsanto was acquired by Bayer Pharmaceuticals in 2018 And it appears to be among the largest, if not the largest, PCB settlement stemming from a single site containing the pollutant. The terms of the settlement, including the dollar amount, are confidential. But in July, before the agreement, Germany-based Bayer informed its investors that it had set aside 530 million euros, or about $618 million, for Sky Valley settlements and litigation costs. Sky Valley students, staff and others ... described devastating diagnoses, including various cancers, brain damage, autoimmune diseases and miscarriages. Some, including children, reportedly died.

Note: For more along these lines, read our concise summaries of news articles on corporate corruption and toxic chemicals.

A US senator on Wednesday released a report that detailed how private equity firms have ruined hospitals in his home state and across the country. The report from Sen. Chris Murphy (D-Conn.) documented what happened when three Connecticut hospitals–Waterbury Hospital, Rockville General, and Manchester Memorial–were bought by Prospect Medical Holdings, a private equity-backed healthcare firm. Ramona, an operating room assistant at Waterbury Hospital cited in the report, explained how Prospect went to extreme lengths to avoid spending money. She explained to Murphy that Prospect at one point stopped paying vendors, which resulted in supplies eventually growing "so scarce patients were sometimes left on the operating table while staff scrambled" to find the necessary equipment. Staff members eventually started buying supplies themselves, with some even going so far as to buy food for their patients to ensure that they did not go hungry. Prospect didn't just skimp on buying supplies for the hospitals but also on maintaining the buildings themselves. A unit secretary at Waterbury Hospital named Carmen told Murphy's staff of two instances where the ceiling at the building literally fell down due to years of neglect. Murphy's report also emphasized that the story of private equity stripping hospitals for parts is not unique to his state. "The story of these three Connecticut hospitals is playing out in healthcare systems all over the country," it said.

Note: According to this Guardian article, "More and more people, especially the relatively poor, may live almost their entire lives in systems owned by one or another private equity firm: financiers are their landlords, their electricity providers, their ride to work, their employers, their doctors, their debt collectors." For more along these lines, read our concise summaries of news articles on health and financial system corruption.

Important Note: Explore our full index to key excerpts of revealing 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.