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.

A small core of super-rich individuals is responsible for the record sums cascading into the coffers of super PACs for the 2016 elections, a dynamic that harks back to the financing of presidential campaigns in the Gilded Age. Close to half the money - 41 percent - raised by the groups by the end of February came from just 50 mega-donors and their relatives, according to a Washington Post analysis. Donors this cycle have given more than $607 million to 2,300 super PACs, which can accept unlimited contributions from individuals and corporations. That means super PAC money is on track to surpass the $828 million that the Center for Responsive Politics found was raised by such groups for the 2012 elections. The top 50 contributors together donated $248 million personally and through their privately held companies, or more than $4 out of every $10 raised by all super PACs. The last time political wealth was so concentrated was in 1896, when corporations and banking moguls helped McKinley, the Republican candidate, outspend Democratic rival William Jennings Bryan. Populist anger over how presidential races were financed led to a 1907 ban on corporations donating to federal campaigns. Forty years later, Congress prohibited unions and corporations from making independent expenditures in federal races. The picture dramatically changed in 2010, when the Supreme Court said in Citizens United v. Federal Election Commission that corporations and unions could spend unlimited sums on politics.

Note: The "Koch Empire" alone plans to spend $889 million on US elections in 2016. For more along these lines, see concise summaries of deeply revealing news articles about elections corruption and the manipulation of public perception. Then explore the excellent, reliable resources provided in our Elections Information Center.

The top 50 U.S. companies have stored $1.4 trillion in tax havens, Oxfam America reported Thursday. Oxfam released its new report, “Broken at the Top,” ahead of Tax Day in the U.S. and shortly after of the Panama Papers leak to show the extent to which major corporations such as Pfizer, Walmart, Goldman Sachs, Alphabet, Disney and Coca-Cola keep money in offshore funds. The use of over 1,600 subsidiaries lowered their global tax rate on $4 trillion of profit to an average of 26.5%, compared to the statutory minimum of 35%, according to Oxfam. Additionally, for every dollar of taxes these companies paid, they collectively received $27 in federal loans, loan guarantees and bailouts - footed by American taxpayers. “The vast sums large companies stash in tax havens should be fighting poverty and rebuilding America’s infrastructure, not hidden offshore in Panama, Bahamas, or the Cayman Islands,” Oxfam America president Raymond Offenheiser said in a statement.

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

A USA Today analysis of more than 1,000 American-based companies registered by Mossack Fonseca, the law firm at the heart of the Panama Papers leak, casts the United States openly into an uncomfortable role: an offshore haven of corporate secrecy for wealthy business operations across the globe. Both Nevada and Wyoming have become secretive havens much like Bermuda and Switzerland have long been. And at least 150 companies set up by Mossack Fonseca in those states have ties to major corruption scandals in Brazil and Argentina. The corporate records of 1,000-plus Nevada business entities linked to the Panamanian law firm reveal layers of secretive ownership, with few having humans' names behind them, and most tracing back to a tiny number of overseas addresses. For about 700 of the American shell companies, the corporate officers are business entities rather than people, meaning no individual is linked to the Nevada firm in state records. Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, [said], “We should be thinking about this as a very American problem, and a problem that arguably is worse here in the states than it is in Panama.” In Wyoming, where Mossack Fonseca has also registered about two dozen companies, corporations are even harder to trace. Mossack Fonseca defended its practices and said incorporating companies in different jurisdictions is “the normal activity of lawyers and agents around the world.”

Note: A 2015 Guardian newspaper article further describes how the US helps the super-rich hide assets. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.

Robert Lustig is a paediatric endocrinologist at the University of California. A 90-minute talk he gave in 2009, titled Sugar: The Bitter Truth ... argues forcefully that fructose, a form of sugar ubiquitous in modern diets, is a “poison” culpable for America’s obesity epidemic. John Yudkin ... was a British professor of nutrition who had sounded the alarm on sugar back in 1972, in a book called Pure, White, and Deadly. “If only a small fraction of what we know about the effects of sugar were to be revealed in relation to any other material used as a food additive,” wrote Yudkin, “that material would promptly be banned.” The book did well, but Yudkin paid a high price for it. Prominent nutritionists combined with the food industry to destroy his reputation. The US government issued its first Dietary Guidelines [in 1980]. The most prominent recommendation ... was to cut back on saturated fats and cholesterol. Consumers dutifully obeyed. But instead of becoming healthier, we grew fatter and sicker. Look at a graph of postwar obesity rates and it becomes clear that something changed after 1980. Just 12% of Americans were obese in 1950, 15% in 1980, 35% by 2000. Today, as nutritionists struggle to comprehend a health disaster they did not predict and may have precipitated, the field is ... edging away from prohibitions on cholesterol and fat, and hardening its warnings on sugar. But its senior members still retain a collective instinct to malign those who challenge its tattered conventional wisdom too loudly.

Note: The sugar industry skewed US dental research using Big Tobacco's propaganda tactics. For more along these lines, see concise summaries of deeply revealing science corruption news articles from reliable major media sources.

The U.S. lambastes and strong-arms countries that help drug lords and millionaire investors hide their money from tax collectors. Critics say it should look closer to home. America itself is emerging as a top tax haven alongside the likes of Switzerland, the Cayman Islands and Panama. And states such as Delaware, Nevada, South Dakota and Wyoming, in particular, are competing with each other to provide foreigners with the secrecy they crave. "There's a big neon sign saying the U.S. is open to tax cheats," says John Christensen, executive director of the Tax Justice Network. America's openness to foreign tax evaders is coming under new scrutiny after the leak this week of 11.5 million confidential documents from a Panamanian law firm, [which] show how some of the world's richest people hide assets in shell companies to avoid paying taxes. Christensen's group, which campaigns for a global crackdown on tax evaders, says the United States ranks third in the world in financial secrecy, behind Switzerland and Hong Kong but ahead of notorious tax havens such as the Cayman Islands and Luxembourg. Under a 2010 law, passed after it was learned that the Swiss bank UBS helped thousands of Americans evade U.S. taxes, the United States demands that banks and other financial institutions disclose information on Americans abroad to make sure they pay their U.S. taxes. But ... American banks don't even collect the kind of information foreign countries would need to identify tax dodgers.

Note: A 2015 Guardian newspaper article further describes how the US helps the super-rich hide assets. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.

Eleven million documents were leaked from one of the world's most secretive companies, Panamanian law firm Mossack Fonseca. They show how Mossack Fonseca has helped clients launder money, dodge sanctions and avoid tax. 12 current or former heads of state and at least 60 people linked to current or former world leaders [are included] in the data. They include the Icelandic Prime Minister, Sigmundur David Gunnlaugson, [as well as] reveal a suspected billion-dollar money laundering ring involving close associates of Russian President Vladimir Putin. 107 media organisations - including UK newspaper the Guardian - in 76 countries ... have been analysing the documents, [which] shed light on how Mossack Fonseca offered financial services designed to help business clients hide their wealth. One wealthy client, US millionaire ... Marianna Olszewski, was offered fake ownership records to hide money. This is in direct breach of international regulations designed to stop money-laundering and tax evasion. An email from a Mossack executive to Ms Olszewski in January 2009 explains how she could deceive the bank: "We may use a natural person who will act as the beneficial owner ... and therefore his name will be disclosed to the bank. Since this is a very sensitive matter, fees are quite high." The data also contain secret offshore companies linked to the families and associates of Egypt's former President, Hosni Mubarak, former Libyan leader Muammar Gaddafi and Syria's President Bashar al-Assad.

Note: There are conflicting reports on this release. Some like this NBC News article state there is a dearth of US names, while others like this USA Today article give US names. Explore evidence in this article that the Panama Papers may have been deliberately released with political objectives in mind. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.

Before the 2010 Supreme Court decision known as Citizens United, all money spent in federal elections urging the election or defeat of a candidate had to originate from identifiable human beings. Corporations and unions were forbidden from involvement beyond organizing individuals’ contributions. Then Citizens United struck down the prohibition ... so corporations had the right to spend unlimited money espousing their political views. This was the birth of Super PACs. Citizens United [also] opened ... paths for foreign money to flow into the U.S. political process. The 2016 election has seen a surge of contributions to Super PACs by so-called ghost corporations, which appear to exist solely to make those donations and whose ownership is unknown. Almost all large publicly traded U.S. companies have some degree of foreign ownership. Any donations by such corporations are technically partially of foreign origin. Nonprofit corporations ... have always been able to accept unlimited donations from individuals or corporations, but before Citizens United, could engage in little federal political activity. Now, thanks to the combination of Citizens United and a 2007 Supreme Court decision, “social welfare” organizations ... and trade associations [can] make independent political expenditures just like Super PACs. Unlike Super PACs, they are not required to publicly disclose their donors. This is why contributions to politically active nonprofits are often referred to as “dark money.”

Note: Read more about how ghost corporations are funding the 2016 elections. For more along these lines, see concise summaries of deeply revealing news articles about elections corruption and the manipulation of public perception. Then explore the excellent, reliable resources provided in our Elections Information Center.

The Rockefeller Family Fund, a charity that supports causes related to the environment, economic justice and other issues, is liquidating its investments in fossil fuel companies, including Exxon Mobil. "While the global community works to eliminate the use of fossil fuels, it makes little sense - financially or ethically - to continue holding investments in these companies," the fund said. In announcing its decision, the Rockefeller fund attacked Exxon for what it called the company's "morally reprehensible conduct," alluding to allegations that the company has hidden evidence that fossil fuels contribute to climate change. "Evidence appears to suggest that the company worked since the 1980s to confuse the public about climate change's march, while simultaneously spending millions to fortify its own infrastructure against climate change's destructive consequences and track new exploration opportunities as the Arctic's ice receded," the fund said. New York State Attorney General Eric Schneiderman is said to have launched an investigation last fall into whether Exxon misled the public and investors about ... climate risks. California Attorney General Kamala Harris is also reportedly looking into whether Exxon lied about climate change. The probes followed a report by InsideClimate News ... claiming that Exxon sought to undermine scientific evidence that pointed to the growing threat of climate change.

Note: The Rockefeller Brothers Fund announced its fossil fuel divestment in 2014. For more along these lines, see concise summaries of deeply revealing news articles on climate change and the corruption of science from reliable major media sources.

Bechtel - a behemoth among closely held companies - has been the world’s builder, benefiting from vast government contracts for engineering and infrastructure work in difficult places while it nurtured relationships with power brokers in Washington. In The Profiteers, journalist Sally Denton seeks to unravel the history of Bechtel. Her story is one of “how a dynastic line of rulers from the same American family conducts its business” and how its system of networking now pervades US capitalism. Anecdotes of Bohemian Grove, the secretive retreat that became an all-male “summer camp” for US corporate, political and military elites to toast marshmallows, skinny-dip in the river north of San Francisco and dress in drag for skits, elucidate the chummy nature of big business. As of 2014, [Bechtel's] reported revenue was $37bn, with projects and employees in 37 countries. The corporation’s embrace of Saudi Arabia as a lucrative client and its decades-long and contorted experience in Iraq also makes sense of some aspects of US foreign policy - as well as its intelligence-gathering operations. The life and times of John McCone, a former Bechtel executive who later served as CIA director in the US administrations of Presidents Kennedy and Johnson, is chronicled deftly here. It is worth noting: McCone was and is critical to Bechtel’s dominance today. He devised the idea of “cost-plus contracts” for the toughest jobs sought by government. Contractors are guaranteed a profit in such deals.

Note: Bechtel was at the center of a major Iraqi reconstruction scandal in 2007. More recently, major defense contractors have been publicly congratulating themselves for steering US policy towards militarism. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

A trust called DE First Holdings was quietly formed in Delaware. A day later, the entity dropped $1 million into a super PAC. The trust, whose owner remains unknown, is part of a growing cadre of mystery outfits financing big-money super PACs. Many were formed just days or weeks before making six- or ­seven-figure contributions - an arrangement that ... violates a long-standing federal ban on straw donors. But the individuals behind the “ghost corporations” appear to face little risk of reprisal from [the] Federal Election Commission. The 2016 campaign has already seen the highest rate of corporate donations since the Supreme Court unleashed such spending with its 2010 Citizens United v. FEC decision. One out of every eight dollars collected by super PACs this election cycle have come from corporate coffers, including millions flowing from opaque and hard-to-trace entities. Such groups, which can accept unlimited donations ... are on track to far exceed the $86 million they gave to super PACs in the entire 2012 presidential cycle. A significant share of the money is coming from newly formed LLCs. Several campaign finance watchdog groups have filed complaints with the FEC against the recent pop-up LLCs, but the chances of the agency’s looking into the cases appear slim. Last month, the agency closed a nearly five-year-old complaint about a limited liability company allegedly used to mask a donor’s identity — unable to even agree whether it merited investigation.

Note: The "Koch Empire" alone plans to spend $889 million on US elections in 2016. For more along these lines, see concise summaries of deeply revealing news articles about elections corruption and the manipulation of public perception. Then explore the excellent, reliable resources provided in our Elections Information Center.

Oklahoma used to be a seismic afterthought, a place with so few earthquakes that in the 1990s it was one of three locations where the Soviets were allowed to monitor American nuclear testing. Today, however, Oklahoma is one of the most seismic places on the planet. In 2015, the state had 907 earthquakes that were 3-magnitude or greater compared with just one in 2007. Scientists say the growth in seismicity is directly related to the oil and gas industry, specifically the use of disposal wells that reinject back into the earth salty wastewater that comes up naturally during drilling. An estimated 3 billion barrels of water came out of the ground in 2015, and its reinjection has increased pressure on the state’s fault lines, triggering hundreds of tremors in western and central Oklahoma. The state, meanwhile, has been slow to respond. Critics say officials are too reliant on the industry to take any meaningful steps that would put real pressure on the industry, especially at a time when the price of oil has fallen by 70% since 2014. Many Oklahomans are ... concerned that a big one will hit a populated area like Oklahoma City. Of equal concern are the long-term consequences of disposing billions of barrels of water back underground. Some seismologists say that even if all disposal activity stopped in the state immediately, there could be earthquakes for decades.

Note: It's interesting to note that this entire article for some reason avoids using the term fracking. The fracking industry has tried and failed to prevent the public from understanding the cause of these earthquakes.

News that Ketchum Inc., the public relations firm leading the charge to promote chemical-dependent GMO agriculture, is launching a new “specialty group” to capture a slice of the growing organic food market caught many food industry players by surprise last week. Ketchum’s new branch, called “Cultivate,” is pitching itself to “help purpose-driven brands with a natural, organic, and sustainable focus.” The news comes as Ketchum remains a key player in PR efforts to dampen demand for organic foods, spinning messages that tell consumers organics are over-priced and over-hyped. In 2013, Monsanto hired Ketchum’s parent company, Omnicom, to “reshape” its reputation amid fierce opposition to GMOs, according to the Holmes Report. Ketchum now works closely with Monsanto and the agrichemical industry on its massively funded PR efforts to promote genetically engineered food and crops, stop GMO labeling, downplay concerns about pesticides, counteract consumer advocates and convince consumers that organic food is no different from conventional food. A closer look at Ketchum’s past and current activities turns up more reasons that purpose-driven organic and natural food companies might want to steer clear of Ketchum’s “Cultivate” branch. Emails from the late 1990s indicate that Ketchum was involved in espionage against nonprofit groups that were raising concerns about GMOs. Ketchum ... has worked to undermine consumer advocates and the organic foods industry. It would be unwise for organic companies to hire the PR firm.

Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and the manipulation of public perception.

Doctors at the University Hospitals of Cleveland see an immediately recognizable symbol pop up alongside certain drugs when they sign in online these days to prescribe medications for patients: $$$$$. The dollar signs, affixed by hospital administrators, carry a not-so-subtle message: Think twice before using this drug. Pick an alternative if possible. The ... approach is just one of the strategies hospitals nationwide are using to try to counter drug costs. The increases often involved brand-name drugs with little or no competition as well as commonly used generics around for decades. Among those tagged were Nitropress and Isuprel, injectable heart medications that are a staple at many hospitals. Their 2015 list prices rose more than 200 percent and 500 percent, respectively. Hospital officials around the United States point to similar experiences, saying their predicament illustrates one dimension of a broken prescription-drug system. A recent Bloomberg Business survey of about 3,000 brand-name prescription drugs found that prices had more than doubled for 60 medications since December 2014 and at least quadrupled for 20. Prices for many other drugs continued to rise at 10 percent or more annually. “The patient doesn’t initially see the price increase,” said Scott Knoer, chief pharmacy officer at the Cleveland Clinic. “But it raises the cost for the hospital. Eventually, it catches up and it raises the cost for insurance companies, which is passed on to employers, employees and taxpayers.”

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

The pernicious influence of "economic hit men" has spread around the globe. John Perkins revealed his first-hand experience of this violent and coercive phenomenon. Now, in The New Confessions of an Economic Hit Man, he brings this story of greed and corruption up to date. The treacherous cancer beneath the surface, which was revealed in the original Confessions of an Economic Hit Man, has ... spread from the economically developing countries to the United States and the rest of the world; it attacks the very foundations of democracy and the planet's life-support systems. Although this cancer has spread widely and deeply, most people still aren't aware of it; yet all of us are impacted by the collapse it has caused. It has become the dominant system of economics, government, and society today, [and] created a "death economy" - one based on wars or the threat of war, debt, and the rape of the earth's resources. Although the death economy is built on a form of capitalism, it is important to note that the word capitalism ... includes local farmers' markets as well as this very dangerous form of global corporate capitalism, controlled by the corporatocracy. Despite all the bad news and the attempts of modern-day robber barons to steal our democracy and our planet ... when enough of us perceive the true workings of this EHM system, we will take the individual and collective actions necessary to control the cancer and restore our health.

Note: Read a revealing seven-page summary of Economic Hit Man and spread the word!

New research suggests that Splenda - an artificial sweetener recently considered safe - may contribute to serious health problems like cancer. The study, published in the International Journal of Occupational and Environmental Health, found that mice fed sucralose daily throughout their lives developed leukemia and other blood cancers. In response to the findings, the Center for Science in the Public Interest - a nutrition watchdog group that assesses the safety of food additives - has now formally recommended that consumers avoid the sweetener. That's a big deal, considering that until 2013, they'd rated the additive as "safe." This new evidence was especially powerful because it was funded without special interests in mind, explains Lisa Lefferts, MSPH, senior scientist at the CSPI. "For most food additives, the safety studies are conducted by the manufacturers who have financial incentives," Lefferts says. Even if you discount this new mouse study, you'll still find plenty of reasons to skip out on sucralose. A growing body of research shows that artificial sweeteners may actually cause weight gain, not weight loss. One study found drinking diet soda was linked to increased belly fat; in another, each daily can was associated with a 41% jump in obesity risk. Sucralose has even been shown to mess with your blood sugar and insulin levels, causing spikes and dips that could lead to cravings later on. The bottom line: the scientists at the CSPI firmly believe you should steer clear of sucralose.

Note: Food additive manufacturers use the same deceptive tactics that Big Tobacco was found guilty of. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.

Japan's prime minister at the time of the 2011 earthquake and tsunami has revealed that the country came within a “paper-thin margin” of a nuclear disaster requiring the evacuation of 50 million people. In an interview with The Telegraph ... Naoto Kan described the panic and disarray at the highest levels of the Japanese government as it fought to control multiple meltdowns at the crippled Fukushima Daiichi nuclear power station. He said he considered evacuating the capital, Tokyo, along with all other areas within 160 miles of the plant, and declaring martial law. Mr Kan admitted he was frightened and said he got “no clear information” out of Tepco, the plant’s operator. He was “very shocked” by the performance of Nobuaki Terasaka, his own government’s key nuclear safety adviser. “We asked him – do you know anything about nuclear issues? And he said no, I majored in economics.” Another member of Mr Kan’s crisis working group, the then Tepco chairman, Tsunehisa Katsumata, was last week indicted on charges of criminal negligence for his role in the disaster. Mr Kan lost the prime ministership later in 2011. The former leader said that “a lot of the accident was caused before March 11” by the complacency and misjudgment of Tepco, a verdict echoed by the official inquiry, which dubbed the nuclear accident a “man-made disaster”. The criminal investigation which led to last week’s charges against Mr Katsumata and two other Tepco managers found that they had known since June 2009 that the plant was vulnerable.

Note: For more along these lines, see concise summaries of deeply revealing news articles on the Fukushima Nuclear Plant disaster.

Several EU countries could scupper plans by the European commission to approve the relicensing of a weedkiller linked to cancer. The vote to relicense glyphosate, a key ingredient in herbicides such as Monsanto’s multibillion-dollar brand Roundup, had been scheduled at a two-day meeting of experts from the EU’s 28 member states, which begins on Monday. But officials are now saying that they may postpone the vote rather than lose it, raising the prospect of a legal limbo for glyphosate, the licence for which runs out in June. France, the Netherlands and Sweden have all said they will not support an assessment by the European food safety authority (Efsa) that glyphosate is harmless. That ruling ran counter to findings by the WHO’s cancer agency that glyphosate was “probably carcinogenic to humans”, causing a bitter row over scientific methodology and industry influence. The Swedish environment minister, Ĺsa Romson, said: “We won’t take risks with glyphosate and we don’t think that the analysis done so far is good enough. We will propose that no decision is taken until further analysis has been done and the Efsa scientists have been more transparent about their considerations.” An Efsa panel based its recommendation that glyphosate was safe ... on six industry-funded studies that have not been fully published. Glyphosate use has been banned or restricted in large parts of Europe because of alleged links to a host of health problems, ranging from birth defects and kidney failure to coeliac disease, colitis and autism.

Note: The overlap between the GMO industry and European regulators has become increasingly controversial. For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.

A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police. Ranking representatives Maxine Waters of the House Financial Services Committee and Al Green of the Subcommittee on Oversight and Investigations asked the Government Accountability Office on Oct. 8 to launch the "evaluation of regulatory capture" and to focus on the New York Fed. The GAO said it has begun planning its approach. The probe, which had not been previously reported or made public, is the first by an outside agency into the perception that government regulators are "captured" by and too deferential toward the bankers they supervise, so that Wall Street benefits at the public's expense. Such perceptions have dogged the U.S. central bank since it failed to head off the 2007-2009 financial crisis. While the GAO has not yet determined the full scope of the investigation, the other main agencies that embed supervisors inside financial institutions are the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. In their letter, Waters and Green said they are particularly concerned about the New York Fed and reports of a "revolving door" between it and banks and "a reluctance to challenge" the firms.

Note: Are Goldman Sachs' suspicious ties to the New York Fed and the revolving door between Congress and Wall Street finally beginning to get serious attention? For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

The same strategy that Martin Shkreli used to get away with a 5,000-percent price increase on an old drug is used by many other drugmakers. Before the price hike that made him infamous, the former CEO of Turing Pharmaceuticals had to ensure that no competitor would be able to launch a cheaper version of Daraprim, the 60-year-old anti-infection pill that is no longer under patent. Shkreli had the perfect weapon: a tightly-controlled distribution system which would make it virtually impossible for a competitor to obtain enough Daraprim to develop their own version. Many larger drugmakers have also turned drug distribution into a powerful tool against competition. The strategy takes advantage of a simple fact: If generic drugmakers can't get their hands on the original product, they cannot perform the tests needed to develop a generic version. When the original drugmaker controls the drug's distribution, they can simply refuse to sell. The effect on patients is higher prices for drugs. At least 40 drugs worth an estimated $5.4 billion are sheltered from competition by distribution hurdles, according to a study commissioned by the Generic Pharmaceutical Association, an industry trade group. The Food and Drug Administration is aware of the misuse of distribution programs. The agency does not penalize companies for the practice.

Note: For more excellent information on drug prices hikes, read this penetrating article in the Daily Beast. For more along these lines, see concise summaries of deeply revealing big Pharma profiteering news articles from reliable major media sources.

It’s still up for debate whether or not the media “created” Donald Trump - or, at least, the GOP presidential frontrunner version of him - but there is no doubt the billionaire reality TV star turned politician has meant big ratings - and income - for networks. Leslie Moonves, the chairman of CBS, admitted as much on Monday. “It may not be good for America, but it’s damn good for CBS,” Moonves said at a Morgan Stanley conference in San Francisco. In addition to around-the-clock TV news coverage of Trump and his fellow presidential candidates (but, mainly Trump), major broadcast and cable networks have pulled in record ratings for televised debates throughout this election cycle. Roughly 13.5 million tuned in to CBS for a GOP debate last month, making that one of the most-watched debates so far this year, as nearly 5 million more viewers tuned in to watch Trump battle his GOP rivals than did for a Democratic debate on CBS last November. Thanks to those high ratings, networks have reportedly been able to gouge advertisers for higher ad-rates during this cycle’s debates. Moonves indicated that he is more than happy to have Trump in the White House race if it means more advertising money.

Note: For more along these lines, see concise summaries of deeply revealing news articles about elections corruption and the manipulation of public perception.

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.