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.

Three years ago, the nation’s top utility executives gathered at a Colorado resort to hear warnings about ... rooftop solar panels. According to a presentation prepared for the group, “Industry must prepare an action plan to address the challenges.” Three years later, the industry and its fossil-fuel supporters are waging a determined campaign to stop a home-solar insurgency that is rattling the boardrooms of the country’s government-regulated electric monopolies. Recently, the battle has shifted to public utility commissions, where industry backers have mounted a ... successful push for fee hikes that could put solar panels out of reach for many potential customers. In a closely watched case last month, an Arizona utility voted to impose a monthly surcharge of about $50 for “net metering,” a common practice that allows solar customers to earn credit for the surplus electricity they provide to the electric grid. Net metering makes home solar affordable by sharply lowering electric bills to offset the $10,000 to $30,000 cost of rooftop panels. A Wisconsin utilities commission approved a similar surcharge for solar users last year, and a New Mexico regulator also is considering raising fees. In some states, industry officials [are now] arguing that solar panels hurt the poor. “It’s really about utilities’ fear that solar customers are taking away demand,” said Angela Navarro, an energy expert with the Southern Environmental Law Center.

Note: In Arizona, traditional utility companies are brazenly manipulating the law to attack solar power installation companies. Meanwhile, the Rockefellers have stopped investing in fossil fuels. Does this mean that the renewable energy revolution is now in full swing?

Lower IQ, adult obesity and 5% of autism cases are all linked to exposure to endocrine disruptors found in food containers, plastics, furniture, toys, carpeting and cosmetics, says new expert study. Europe is experiencing an explosion in health costs caused by endocrine-disrupting chemicals (EDCs) that is comparable to the cost of lead and mercury poisoning, according to the most comprehensive study of the subject yet published. Endocrine disruptors are chemicals that interfere with the human hormone system, and can be found in food containers, plastics, furniture, toys, carpeting and cosmetics. The new series of reports by 18 of the world’s foremost experts on endocrine science pegs the health costs of exposure to them at between €157bn-€270bn (Ł113bn-Ł195bn), or at least 1.23% of the continent’s GDP. “The shocking thing is that the major component of that cost is related to the loss of brain function in the next generation,” one of the report’s authors, Professor Philippe Grandjean of Harvard University, told the Guardian. After IQ loss, adult obesity linked to exposure to phthalates, a group of chemicals used in plastics, was the second largest part of the overall cost, with an estimated price tag of €15.6bn a year. The study attributes at least 5% of European autism cases to EDC exposure. “These studies tell a frightening and expensive story equivalent to a €7,500 cost for every man, woman and child in the EU every year,” said Genon Jensen, the director of the Health and Environment Alliance.

Note: Recently, a major report showing the dangers of many common pesticides was suppressed by EU officials. Federal regulators in the US claim to have no data on over 62,000 industrial chemicals that US consumers are exposed to.

Microsoft, Apple, Google and five other tech firms now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations. The total amount held outside the U.S. by the companies was up 8 percent from the previous year. General Electric topped the list for the fifth straight year. The company now has $119 billion outside the U.S., an increase of 8 percent from the end of 2013 and a 27 percent gain since 2010. Microsoft has more than tripled its offshore holdings since 2010. Apple, which counts only part of its non- U.S. holdings as indefinitely held offshore, increased that portion to $69.7 billion from $12.3 billion in 2010. Cisco now has $52.7 billion outside the U.S., up 10 percent since 2013. John Chambers, Cisco's chief executive, said on Bloomberg TV on Feb. 20 that "our tax policy is causing me to make decisions that I don't think is in the interest of our country, or even in our shareholders, long term." The companies owe taxes at the full U.S. corporate tax rate of 35 percent on profits they earn around the world. They get tax credits for payments to foreign governments and don't have to pay the residual U.S. tax until they bring the money home. Obama earlier this year proposed applying a 14 percent mandatory tax on the stockpiled profits and a 19 percent minimum tax on foreign earnings going forward.

Note: U.S. laws now protect corporations as if they are people, but require human people to pay more income tax. For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption.

McDonald’s said on Wednesday that its 14,000 US restaurants will stop serving chicken raised with antibiotics "important to human medicine," a significant change in food policy for the world’s largest fast-food chain. McDonald’s said the decision is an attempt to adapt to diners’ desire for healthier food.‘‘Our customers want food that they feel great about eating — all the way from the farm to the restaurant — and these moves take a step toward better delivering on those expectations,’’ McDonald’s US president, Mike Andres, said in a statement. McDonald’s said the new policy will be implemented across its US supply chain within two years. Also, McDonald’s said that this year it will begin offering milk jugs in its Happy Meals that contain milk from cows that have not been treated with the growth hormone rbST. Public health advocates cheered the move, and some groups, including Keep Antibiotics Working, said they had been in ‘‘close dialogue’’ with McDonald’s about the policy change.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.

Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices. Taser is covering airfare and hotel stays for police chiefs who speak at promotional conferences. It is also hiring recently retired chiefs as consultants, sometimes just months after their cities signed contracts with Taser. The relationships raise questions of whether chiefs are acting in the best interests of the taxpayers in their dealings with Scottsdale, Arizona-based Taser, whose contracts for cameras and storage systems for the video can run into the millions of dollars. As the police chief in Fort Worth, Texas, successfully pushed for the signing of a major contract with Taser before a company quarterly sales deadline, he wrote a Taser representative in an email, "Someone should give me a raise." City officials and rival companies are raising concerns about police chiefs' ties to Taser. Charlie Luke, a Salt Lake City councilman ... said he was surprised when he learned last year that the city's police department had purchased Taser cameras using surplus money, bypassing the standard bidding process and City Council approval. The department declined to say how much it has spent acquiring 295 body cameras. Taser's competitors ... complain they have been shut out by cities awarding no-bid contracts to Taser and are being put at a disadvantage by requests for proposals that appear tailored to Taser's products.

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

This spring, President Obama and Republican leaders in Congress want to use an outdated process used to pass the North American Free Trade Agreement more than 20 years ago — a rule called “fast track” — to force ... passage of the giant Trans-Pacific Partnership, or TPP, trade deal. A fast-tracked TPP would lock in a rigged set of economic rules, lasting potentially forever, before most Americans — let alone some members of Congress — have had a chance to understand it thoroughly. It would be a grave mistake for Congress to authorize fast-tracking this giant trade deal. We now know that NAFTA [has] contributed to the huge U.S. trade deficits. We now import about $500 billion more in goods and services each year than we export. Following NAFTA with the Trans-Pacific Partnership is like turning a bad television show into a terrible movie. As for the problems with the TPP? What's been leaked about its proposals reveals, for example, that the pharmaceutical industry would get stronger patent protections, delaying cheaper generic versions of drugs. The deal also gives global corporations an international tribunal of private attorneys, outside any nation's legal system, that can order compensation for lost expected profits resulting from a nation's regulations, including our own. These extraordinary rights for corporations put governments on the defensive over legitimate public health or environmental rules.

Note: The above article was co-authored by former U.S. Secretary of Labor Robert Reich, and current president of the AFL-CIO Richard Trumka. For more, see this article, or watch the two minute video Robert Reich made to educate the public about the dangers of the TPP.

The United States is in the final stages of negotiating the Trans-Pacific Partnership (TPP), a massive free-trade agreement. Who will benefit from the TPP? One strong hint is [a provision] called “Investor-State Dispute Settlement,” or ISDS. Imagine that the United States bans a toxic chemical that is often added to gasoline because of its health and environmental consequences. If a foreign company that makes the toxic chemical opposes the law, it would normally have to challenge it in a U.S. court. But with ISDS, the company could skip the U.S. courts and go before an international panel of arbitrators. If the company won, the ruling couldn’t be challenged in U.S. courts, and the arbitration panel could require American taxpayers to cough up millions — and even billions — of dollars in damages. ISDS could lead to gigantic fines, but it wouldn’t employ independent judges. Instead, highly paid corporate lawyers would go back and forth between representing corporations one day and sitting in judgement the next. If the tilt toward giant corporations wasn’t clear enough, consider who would get to use this special court: only international investors, which are, by and large, big corporations. So if a Vietnamese company with U.S. operations wanted to challenge an increase in the U.S. minimum wage, it could use ISDS. But if an American labor union believed Vietnam was allowing Vietnamese companies to pay slave wages in violation of trade commitments, the union would have to make its case in the Vietnamese courts.

Note: The above article was written by courageous US Senator Elizabeth Warren, and further clarifies why the TPP is a pending disaster.

U.S. authorities are investigating major banks over potential manipulation of the precious metals market, the latest development in a series of probes related to major financial benchmarks. HSBC is among at least 10 major banks being investigated by U.S. authorities for possible rigging of the price-setting process for gold, silver, platinum and palladium, The Wall Street Journal reported late Monday. The report said other banks being scrutinized include: Goldman Sachs; JPMorgan Chase; Britain-based Barclays; Swiss banking giants UBS and Credit Suisse; Bank of Nova Scotia; Germany-based Deutsche Bank; France-based Société Générale; and South Africa-based Standard Bank Group. U.S. authorities declined to comment. Goldman Sachs, HSBC, Deutsche Bank and Barclays, HSBC, UBS and Bank of Nova Scotia have been named as defendants in various putative class-action lawsuits in U.S. federal courts over suspected manipulation of precious metals pricing. The complaints contend that bank traders conspired to manipulate the price of metal derivatives in a bid to reap profits on proprietary trades. The new U.S. investigations follow separate bank probes launched earlier over suspected manipulation of the $5.3-billion-a-day foreign exchange currency trading market, along with rigging of the London Interbank Offered Rate (Libor), which is used to set rates on billions of dollars in loans, credit cards and mortgages.

Note: When it comes to international banking, it appears that almost everything is rigged. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.

Syngenta, a Swiss chemicals company, produces one of America’s most popular herbicides. It is called atrazine, and 73.7 million pounds of the chemical compound were applied in the United States in 2013. It was used on more than half of all corn crops, two-thirds of sorghum and up to 90 percent of sugar cane. The weed killer is banned as a pesticide in the European Union as well as in Switzerland over concerns that it is a groundwater contaminant. Syngenta, however, did not get the memo. Even though the European Union banned atrazine over a decade ago, the company has long insisted that the pesticide was not banned. Sensitivity over regulatory gaps between the United States and Europe has flared during trans-Atlantic trade talks, which have been underway since 2013. An increasing number of critics of the process are concerned that the outcome could favor corporations more than consumers. Advocacy groups have particularly focused on chemicals, given the disparities in policy. Baskut O. Tuncak, a senior lawyer at the Center for International Environmental Law, said that in his view the chemical proposals that have surfaced so far “reflect a lot of industry’s demands and their concerns with more protective E.U. policies.” He added that proposed changes could “slow or stop and possibly weaken efforts to develop stronger chemical regulation in either the E.U. or the U.S.”

Note: Syngenta did everything in its power to discredit atrazine researcher Tyrone Hayes after Hayes published science proving that Syngenta's products were poisonous. The New Yorker published a detailed article on Syngenta's smear campaign. For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption from reliable major media sources.

For years, politicians wanting to block legislation on climate change have bolstered their arguments by pointing to the work of a handful of scientists who claim that greenhouse gasses pose little risk to humanity. One of the names they invoke most often is Wei-Hock Soon, known as Willie, a scientist at the Harvard-Smithsonian Center for Astrophysics. He has often appeared on conservative news programs, testified before Congress and in state capitals, and starred at conferences of people who deny the risks of global warming. But newly released documents show the extent to which Dr. Soon’s work has been tied to funding he received from corporate interests. He has accepted more than $1.2 million in money from the fossil-fuel industry over the last decade while failing to disclose that conflict of interest in most of his scientific papers. At least 11 papers he has published since 2008 omitted such a disclosure, and in at least eight of those cases, he appears to have violated ethical guidelines of the journals that published his work. The documents show that Dr. Soon, in correspondence with his corporate funders, described many of his scientific papers as “deliverables” that he completed in exchange for their money. He used the same term to describe testimony he prepared for Congress. Dr. Soon has found a warm welcome among politicians in Washington and state capitals who try to block climate action. United States Senator James M. Inhofe, an Oklahoma Republican who claims that climate change is a global scientific hoax, has repeatedly cited Dr. Soon’s work over the years.

Note: One of Dr Soon's primary funding sources is Donors Trust, a secretive organization found to have orchestrated a vast climate denial conspiracy. For more along these lines, see concise summaries of deeply revealing science corruption news articles from reliable major media sources.

A senior writer at the Daily Telegraph has dramatically quit the newspaper after accusing its owners, the Barclay Brothers, of suppressing reports about the HSBC scandal out of fear of losing advertising revenue. Peter Oborne, the paper’s chief political commentator and an award-winning author, announced his resignation [and] accused the Telegraph of committing a “fraud” on readers. Mr Oborne detailed a series of investigations about HSBC, and other financial scandals, which he said executives at the newspaper had closed down. Mr Oborne wrote: “From the start of 2013 onwards stories critical of HSBC were discouraged [because] HSBC [had] suspended its advertising with the Telegraph. “Its account ... was extremely valuable. HSBC, as one former Telegraph executive told me, is ‘the advertiser you literally cannot afford to offend’. “Winning back the HSBC advertising account became an urgent priority. It was eventually restored after approximately 12 months. Executives say that Murdoch MacLennan [chief executive of Telegraph Media Group] was determined not to allow any criticism of the international bank.” As a result of a 2012 investigation into accounts held by HSBC in Jersey, he claimed: “Reporters were ordered to destroy all emails, reports and documents related to the HSBC investigation. I [resigned] as a matter of conscience. The past few years have seen the rise of shadowy executives who determine what truths can and what truths can’t be conveyed across the mainstream media."

Note: Oborne's online resignation provides a unique window into some of the ways that big money is used to manipulate the media. Read lots more on HSBC's empire of corruption in a Rolling Stone article by Matt Taibbi. HSBC was founded to service the international drug trade in the 19th century, and launders money for mobsters and terrorists on a massive scale.

One man's story in particular highlights just about everything that can go wrong when you give evidence against your bosses in America: former Countrywide/Bank of America whistleblower Michael Winston. Two years ago this month, Winston was being celebrated in the news as a hero. He'd blown the whistle on Countrywide Financial, the bent mortgage lender that ... nearly blew up the global economy. Today, Winston [has] spent over a million dollars fighting Countrywide (and the firm that acquired it, Bank of America) in court. At first, that fight proved a good gamble, as a jury granted him a multi-million-dollar award for retaliation and wrongful termination. But after Winston won that case, an appellate judge not only wiped out that jury verdict, but allowed Bank of America to counterattack him. The bank eventually beat him for nearly $98,000 in court costs. That single transaction means a good guy in the crisis drama, Winston, had by the end of 2014 paid a larger individual penalty than virtually every wrongdoer connected with the financial collapse of 2008. When Winston protested his preposterous punishment on the grounds that a trillion-dollar company recouping legal fees from an unemployed whistleblower was unreasonable and unnecessary, a California Superior Court judge denied his argument — get this — on the grounds that Winston failed to prove a disparity in resources between himself and Bank of America! Four years later, we're still waiting for the first criminal conviction against any individual for crisis-era corruption. There's been no significant reform. What we've seen instead is a series of cash deals with the most corrupt companies.

Note: Countrywide bought political influence to more effectively defraud institutional investors and taxpayers. Thanks to Winston, they were caught and proven guilty. But Bank of America purchased Countrywide, and has been paying off officials in secret deals to continue skirting the law without admitting wrongdoing. And Michael Winston now has to pay Bank of America for their trouble.

A scandal implicating HSBC in alleged tax evasion widened further Wednesday, as Swiss prosecutors raided the Geneva headquarters of its private bank in Switzerland. The raid, in connection with an investigation into ‘aggravated money-laundering’, marks the latest twist in a saga that dates back 10 years. Materials leaked to the International Consortium of Investigative Journalists ... indicated that HSBC aggressively marketed schemes suitable for tax evasion to rich clients across the world. The materials come from a stash of files stolen from HSBC by Hervé Falciani, a former employee and whistleblower. Falciani was indicted in Switzerland in December for industrial espionage and for breaking the law on banking secrecy. Falciani’s files have already led to criminal investigations in France, Belgium and Argentina. The Swiss authorities’ action Wednesday, however, is the first to suggest that they regard tax evasion itself as a bigger crime than exposing it. [HSBC has also recently] been found guilty of manipulating benchmark interest and foreign exchange rates, [and] desperately needs to be able to prove that it has not aided or abetted tax evasion or money-laundering since December 2012. That was when it signed a deferred prosecution agreement with the U.S. after admitting to helping Iran get round sanctions and laundering the profits of Mexican drug trafficking gangs. Any evidence that it has broken that DPA could lead to it losing its all-important license to bank in the U.S., destroying its status as a global bank overnight.

Note: Read lots more on HSBC's sweetheart deal with U.S. officials in a Rolling Stone article by Matt Taibbi. US Senator Elizabeth Warren is working hard to bring justice in this case. For more along these lines, see concise summaries of deeply revealing news articles about systemic corruption in government and the financial industry.

Iceland's government appointed a special prosecutor to investigate its bankers after the world's financial systems were rocked by the discovery of huge debts and widespread poor corporate governance. "This ... sends a strong message that will wake up discussion," special prosecutor Olafur Hauksson told Reuters. "It shows that these financial cases may be hard, but they can also produce results." The country's efforts contrast with the United States and particularly Europe, where though some banks have been fined, few executives have been tried and voters suffering post-crisis austerity conditions feel bankers got off lightly. Iceland struggled initially to appoint a special prosecutor. Hauksson ... was encouraged to put in for the job after the initial advertisement drew no applications. Icelandic lower courts have convicted the chief executives of all three of its largest banks for their responsibility in [the] crisis. They also convicted former chief executives of two other major banks, Glitnir and Landsbanki, for charges ranging from fraud and market manipulation. Many Icelanders have been frustrated that justice has been slow. The prosecutors' office has been hit by budget cuts since it was set up. But Hauksson believes the existing rulings mean there is less chance of similar scandals in the future. "There is some indication that the banks are more cautious," he said. Asked whether he would take the job again ... Hauksson replied, laughing: "Yes. And I'd probably be the only applicant again."

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

Samsung is warning customers about discussing personal information in front of their smart television set. The warning applies to TV viewers who control their Samsung Smart TV using its voice activation feature. When the feature is active, such TV sets "listen" to what is said and may share what they hear with Samsung or third parties, it said. Privacy campaigners said the technology smacked of the telescreens, in George Orwell's 1984, which spied on citizens. The warning came to light via a story in ... the Daily Beast which published an excerpt of a section of Samsung's privacy policy for its net-connected Smart TV sets. These record what is said when a button on a remote control is pressed. The policy explains that the TV set will be listening to people in the same room to try to spot when commands or queries are issued via the remote. It goes on to say: "If your spoken words include personal or other sensitive information, that information will be among the data captured and transmitted to a third party." Corynne McSherry, an intellectual property lawyer for the Electronic Frontier Foundation, [said] that the third party was probably the company providing speech-to-text conversion for Samsung. She added: "If I were the customer, I might like to know who that third party was, and I'd definitely like to know whether my words were being transmitted in a secure form." The third party handling the translation from speech to text is a firm called Nuance, which specialises in voice recognition, Samsung has confirmed to the BBC.

Note: Read more about Samsung's privacy issues in this 2013 Houston Chronicle article. For more along these lines, see concise summaries of deeply revealing news articles on the disappearance of privacy from reliable major media sources.

Many Samsung "SmartTVs" come equipped with voice recognition, which allows you to bark commands at your TV. Since the television is always listening for your voice, Samsung has warned its SmartTV customers that every word is being captured and sent over the Internet. Samsung says it needs to send your voice commands to a third-party, because that company converts your speech to text. But Samsung also collects your voice commands to perform research and determine whether it needs to make improvements to the feature. Samsung noted that a microphone appears on the screen when the voice recognition feature is turned on, notifying customers that their voice is being captured. You can opt-out of the SmartTV voice recognition feature. But even if you opt out, your voice commands will still be captured. The SmartTV has a set of pre-programmed commands that it recognizes even if you opt out of voice recognition. Samsung will collect the text of those pre-programmed voice commands (though not your voice itself) and analyze how much you're using certain commands. "Samsung does not retain voice data or sell it to third parties," the company said in a statement. "If a consumer consents and uses the voice recognition feature ... the voice data is sent to a server, which searches for the requested content then returns the desired content to the TV."

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

HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a huge cache of leaked secret bank account files. HSBC was headed during the period covered in the files by Stephen Green – now Lord Green – who served as the global bank’s chief executive, then group chairman until 2010 when he left to become a trade minister in the House of Lords for David Cameron’s new government. The files show how HSBC in Switzerland keenly marketed tax avoidance strategies to its wealthy clients. The bank proactively contacted clients in 2005 to suggest ways to avoid a new tax levied on the Swiss savings accounts of EU citizens, a measure brought in through a treaty between Switzerland and the EU to tackle secret offshore accounts. The documents also show HSBC’s Swiss subsidiary providing banking services to relatives of dictators, people implicated in African corruption scandals, arms industry figures and others. HSBC is already facing criminal investigations and charges in France, Belgium, the US and Argentina as a result of the leak of the files, but no legal action has been taken against it in Britain.

Note: Read lots more excellent information in a Rolling Stone article by Matt Taibbi. US Senator Elizabeth Warren is working hard to bring justice in this case. HSBC was founded to service the international drug trade following the 19th century opium war, and continues to launder money for drug cartels and terrorists on a massive scale. Now we learn that HSBC also provides financial services related to conflict diamonds, weapons trafficking, political corruption, and other organized criminal activities. Perhaps these criminal bankers are tolerated because the global economy might collapse without their cash.

Behind the dark glass towers of the Time Warner Center ... a majority of owners have taken steps to keep their identities hidden, registering condos in trusts, limited liability companies or other entities that shield their names. By piercing the secrecy of more than 200 shell companies, The New York Times documented a decade of ownership in this iconic Manhattan way station for global money, [and] found a growing proportion of wealthy foreigners, at least 16 of whom have been the subject of government inquiries around the world. The cases range from housing and environmental violations to financial fraud. Four owners have been arrested, and another four have been the subject of fines or penalties for illegal activities. They have been able to make these multimillion-dollar [real estate] purchases with few questions asked because of United States laws that foster the movement of largely untraceable money through shell companies. Vast sums are flowing unchecked around the world as never before — whether motivated by corruption, tax avoidance or investment strategy, and enabled by an ever-more-borderless economy and a proliferation of ways to move and hide assets. The high-end real estate market has become less and less transparent — and more alluring for those abroad with assets they wish to keep anonymous — even as the United States pushes other nations to help stanch the flow of American money leaving the country to avoid taxes.

Note: The New York Times investigation at the above link provides a comprehensive look at the international crime and political corruption at the heart of Manhattan's spiking real estate prices.

The trade rules of the proposed Trans-Pacific Partnership ... would cover nearly 40 percent of the world economy. Access to the text of the proposed deal is highly restricted. At last month’s World Economic Forum in Switzerland, U.S. Trade Representative Michael Froman defended the ... refusal to release the full text of the proposed trade pact. “It is incomprehensible to me that leaders of major corporate interests who stand to gain enormous financial benefits from this agreement are actively involved in the writing of the TPP, while at the same time, the elected officials of this country, representing the American people, have little or no knowledge of what’s in it,” wrote Sen. Bernie Sanders, independent-Vt., in a letter to Froman last month. Congressional lawmakers are permitted to view the text of the agreement only in the U.S. trade representative’s office, without their own staff members or experts present. They are not allowed to take copies of the agreement back to Capitol Hill for deeper, independent evaluation. Despite those restrictions, specific details of the agreement’s text have surfaced from unauthorized leaks. One of the leaks showed the U.S. proposing to empower corporations to attempt to overturn domestic regulations, while ... another leaked provision would help the pharmaceutical industry inflate the price of medicines.

Note: For more, watch an excellent, two-minute video by former U.S. Secretary of Labor Robert Reich on the TPP titled "The Worst Trade Deal You've Never Heard of," or read leaked draft texts of the Trans-Pacific Partnership for yourself.

As many as 31 pesticides with a value running into billions of pounds could have been banned because of potential health risks, if a blocked EU paper on hormone-mimicking chemicals had been acted upon. The science paper, seen by the Guardian, recommends ways of identifying and categorising the endocrine-disrupting chemicals (EDCs) that scientists link to a rise in foetal abnormalities, genital mutations, infertility, and adverse health effects ranging from cancer to IQ loss. Commission sources say that the paper was buried by top EU officials under pressure from big chemical firms which use EDCs in toiletries, plastics and cosmetics, despite an annual health cost that studies peg at hundreds of millions of euros. The unpublished EU paper ... was supposed to have enabled EU bans of hazardous substances to take place last year. Under pressure from major chemical industry players, such as Bayer and BASF, the criteria were blocked. In their place, less stringent options emerged. Last month, 11 MEPs complained in a cross-party letter to the health and food safety commissioner, Vytenis Andriukaitis, about the EU’s failure to honour its mandate and adopt the EDC criteria. This was supposed to have happened by the end of 2013. In place of the proposed identification of hormone-mimicking compounds, the EU’s current roadmap favours industry-supported options for potency-based measurements of EDCs. These would set thresholds, below which exposure to low-potency EDCs would be deemed safe.

Note: One key study estimates that as few as zero endocrine-disrupting pesticides will be withdrawn from the EU market as a result of this profit-driven manipulation of policy. For more along these lines, see concise summaries of deeply revealing articles about corporate and government corruption from reliable major media sources.

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.