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.

For the last year, whistle-blowers deep inside corporate America have been dishing dirt on their employers under a U.S. Securities and Exchange Commission program that could give them a cut of multimillion-dollar penalties won by financial regulators. A new bounty program has been an intelligence boon to the securities industry regulator, which has struggled to redeem itself after failing to stop Bernard Madoff's epic Ponzi scheme and rein in Wall Street before the 2008 financial crisis. Motivated by cash and the chance to rat out wrongdoers, tipsters are dropping more than names. Whistle-blowers and their attorneys are turning over boxes of documents, copies of emails and even audio recordings of alleged fraud or illegal overseas bribery. "We are getting very, very high-quality information from whistle-blowers," said Sean McKessy, director of the SEC's whistle-blower office. In the program's first year, 2,870 tips — or about eight a day — rolled in as of Aug. 12. And on Tuesday, one of them finally led to the agency's first payout: $50,000 to an informant who alerted regulators to an investment fraud. They declined to specify the case, careful to avoid identifying the whistle-blower. Some say shielding identities could pose a challenge for publicizing the program, but the anonymity probably will yield more information. The flood of new information doesn't necessarily mean the SEC will be more effective. In the case of Madoff, one whistle-blower repeatedly sounded the alarm years before the scheme blew up — to no avail.

Note: For deeply revealing reports from reliable major media sources on the collusion between government and the big banks, click here.

Voters will decide on an issue this November that affects us all: our right to know what's in our food. Millions of Californians are saying: We want to know, and we have the right to know, if our food has been genetically engineered. Parents, farmers, health care professionals, environmentalists, politicians and labor groups want to know, too. Proposition 37 requires companies to add a few words to labels if their food has been genetically modified. Also called GMOs, these modified plant and animal products have been altered in a lab to combine DNA from one species with another to create combinations that don't occur in nature. An example is Monsanto's genetically modified sweet corn, which has been engineered to contain an insecticide, Bt toxin, within the corn itself. Voters and consumers also have environmental concerns. GMO crops have led to an overall increase in pesticide use, the emergence of superweeds and superbugs, and the unintentional contamination of non-GMO crops with GMO-crop pollens. Here in California, out-of-state pesticide and food companies have contributed $25 million to blanket the airwaves with deceptive commercials trying to persuade us that labeling is too costly, scary or confusing. We've heard it all before. They used the same tactics to claim hardship if they were forced to tell consumers about calories, fat content or other information we use every day to choose our food. We're not buying these scare stories. It's a simple label. We have a right to know what's in our food. This is how our country is supposed to work - we are free to make informed choices. Proposition 37 will help us exercise that freedom about what we eat. We urge you to vote yes on Prop. 37.

Note: For a great collection of past major media articles revealing the serious risks and dangers of genetically modified foods, click here.

The feeding of antibiotics in small doses to entire herds or flocks to promote rapid weight gain poses a serious threat to human health. The constant dosing promotes the emergence of germs that are resistant to veterinary drugs and to the very similar drugs used in humans. That raises the risk that when humans are infected by the germs, the medicines they rely on will be less effective. Earlier this month, a federal magistrate judge in New York told the Food and Drug Administration to quit dillydallying on its three-decade effort to curb indiscriminate use of antibiotics in farm animals to spur their growth. He set a timetable for the agency to follow in withdrawing two important drugs - penicillin and two forms of tetracycline - from widespread use in animals. The trouble is, that timetable will give the F.D.A. five more years to complete the process.

Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.

Don Barrett, a Mississippi lawyer, took in hundreds of millions of dollars a decade ago after suing Big Tobacco and winning record settlements from R. J. Reynolds, Philip Morris and other cigarette makers. So did Walter Umphrey, Dewitt M. Lovelace and Stuart and Carol Nelkin. More than a dozen lawyers who took on the tobacco companies have filed 25 cases against industry players like ConAgra Foods, PepsiCo, Heinz, General Mills and Chobani. The suits, filed over the last four months, assert that food makers are misleading consumers and violating federal regulations by wrongly labeling products and ingredients. "[Mislabeling of a product is] a crime - and that makes it a crime to sell it," said Mr. Barrett. "That means these products should be taken off the shelves." Mr. Barrett said his group could seek damages amounting to four years of sales of mislabeled products - which could total many billions of dollars. In recent weeks, the Center for Science in the Public Interest has sued General Mills and McNeil Nutritionals over their claims on Nature Valley and Splenda Essentials products, and warned Welch's it would sue unless the company changed the wording on its juice and fruit snacks. The Federal Trade Commission won settlements from companies like Dannon and Pom Wonderful for claims about their products' health benefits. And PepsiCo and Coca-Cola face lawsuits over claims that their orange juice products are "100% natural."

Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.

"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thomas Jefferson, 1816. When Thomas Jefferson spoke those words, banks were local and very small compared with the financial behemoths of today. Banks are more dangerous now than in Jefferson's time, and they are totally out of control. During the Depression of the 1930s, President Franklin Roosevelt referred to banks as the "money changers in the temple of our civilization," and little has been done since. It is well past the time that people on Wall Street live by the rule of law - not just pay fines - and some executives go to jail for their conduct. In 2008, the much-publicized Troubled Assets Relief Program bailed out banks and Wall Street to the tune of $700 billion with taxpayer money. While the banks were bailed out of the trouble they caused, they continued to pay out enormous executive bonuses with taxpayers' money in multimillion-dollar year-end gifts. JPMorgan received $25 billion from the government in 2008 and gave out nearly $9 billion in bonus money that year. When the derivative-driven housing market collapsed in 2008, Citigroup and Bank of America, the major banks in that market, and eight other top Wall Street firms got $1.2 trillion in then-secret loans of taxpayer money from the Federal Reserve. The Fed even went to court in an attempt to hide the identities of those banks from the public. Regulating the banks and bringing the rule of law to Wall Street banks is necessary now. Sending a few Wall Street banksters to jail would stop some of the abuse as well.

Note: For deeply revealing reports from reliable major media sources on the corrupt relationship between government and the financial sector, click here.

Money laundering. Price fixing. Bid rigging. Securities fraud. Talking about the mob? No, unfortunately. Wall Street. These days, the business sections of newspapers read like rap sheets. GE Capital, JPMorgan Chase, UBS, Wells Fargo and Bank of America tied to a bid-rigging scheme to bilk cities and towns out of interest earnings. ING Direct, HSBC and Standard Chartered Bank facing charges of money laundering. Barclays caught manipulating a key interest rate, costing savers and investors dearly, with a raft of other big banks also under investigation. Not to speak of the unprecedented wrongdoing that precipitated the financial crisis of 2008. Yet, it's clear that the unrepentant and the unreformed are still all too present within our banking system. A June survey of 500 senior financial services executives in the United States and Britain turned up stunning results. Some 24 percent said that they believed that financial services professionals may need to engage in illegal or unethical conduct to succeed, 26 percent said that they had observed or had firsthand knowledge of wrongdoing in the workplace, and 16 percent said they would engage in insider trading if they could get away with it. That too much of Wall Street remains unchanged is not surprising. Simply stated, the banks and their leaders have paid no real economic, legal or political price for their wrongdoing and thus have not felt compelled to change.

Note: The author of this article, Phil Angelides, is a former state treasurer of California and the chairman of the Financial Crisis Inquiry Commission. For deeply revealing reports from reliable major media sources on the corrupt relationship between government and the financial sector, click here.

The nation's largest agribusiness and biotech companies are pouring millions of dollars into California to stop the first-ever initiative to require special labels on foods made with genetically modified ingredients, a sign of their determination to keep the measure from sparking a nationwide movement. So far, farming giants such as Monsanto, Dupont Pioneer and Cargill have contributed nearly $25 million to defeat the proposal, with much of that cash coming in the past few days. Monsanto, the largest contributor, gave $4.2 million this week. It's nearly 10 times the amount raised by backers of the ballot measure who say California's health-conscious shoppers want more information about the food they eat. With nearly three months to go before the November election, the measure's opponents appear to be following the previous blueprint developed by major industries to defeat ballot initiatives in the nation's largest consumer market: Raise large sums of money to swamp the airwaves with negative advertising. The food initiative, known as Proposition 37, ... would require most processed foods to bear a label by 2014 letting shoppers know if the items contain ingredients derived from plants with DNA altered with genes from other plants, animals, viruses or bacteria. "It's an epic food fight between the pesticide companies and consumers who want to know what's in their food," said Stacy Malkan, media director for the California Right to Know campaign.

Note: For a powerful essay showing the grave risks and dangers of GMOs, click here. For deeply revealing reports from reliable major media sources on genetically modified foods, click here.

Unethical and illegal drug company activities have driven the prescription of toxic antipsychotic drugs to children. Now the success of this campaign has been documented in the Archives of General Psychiatry. In a comparison between the years 1993-1998 and 2005-2009, prescriptions of antipsychotic drugs for per 100 children (0-13 years old) rose from 0.24 to 1.83. Thats more than a sevenfold increase. Given that most of prescriptions are for the older children in this age range, the rate would be substantially higher among preteens and 13-year-olds. For adolescents (14-20 years old) the increase was nearly fivefold. The drugging of children with antipsychotic drugs is a direct result of off-label (unapproved) uses promoted by the drug companies in cooperation with unscrupulous psychiatrists and researchers. The new ... study confirms that most of the prescriptions of antipsychotic drugs to children have indeed been off-label for disruptive behavioral disorders. Instead of helping parents and teachers to improve their methods of disciplining children, psychiatrists are suppressing the overall mental life and behavior of these youngsters with antipsychotic drugs. As I describe in my new book, Psychiatric Drug Withdrawal: A Guide for Prescribers, Therapists, Patients and Their Families, health professionals must stop the psychiatric drugging of children and focus on developing facilities and approaches for helping children as well as adults to withdraw from these drugs as safely as possible.

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

On [August 9] the Department of Justice announced it will not prosecute Goldman Sachs or any of its employees in a financial-fraud probe. Despite the Obama administration’s promises to clean up Wall Street in the wake of America’s worst financial crisis, there has not been a single criminal charge filed by the federal government against any top executive of the elite financial institutions. Why is that? In a word: cronyism. Take Goldman Sachs, for example. In 2008, Goldman Sachs employees were among Barack Obama’s top campaign contributors, giving a combined $1,013,091. [Attorney General] Eric Holder’s former law firm, Covington & Burling, also counts Goldman Sachs as one of its clients. Furthermore, in April 2011, when the Senate Permanent Subcommittee on Investigations issued a scathing report detailing Goldman’s suspicious Abacus deal, several Goldman executives and their families began flooding Obama campaign coffers with donations, some giving the maximum $35,800. The individuals the DOJ’s “Financial Fraud Enforcement Task Force” has placed in its prosecutorial crosshairs seem shockingly small compared with the Wall Street titans the Obama administration promised to bring to justice. To be sure, financial fraud of any kind is wrong and should be prosecuted. But locking up “pygmies” is hardly the kind of financial-fraud crackdown Americans expected in the wake of the largest financial crisis in U.S. history. Increasingly, there appear to be two sets of rules: one for the average citizen, and another for the connected cronies who rule the inside game.

Note: For deeply revealing reports from reliable major media sources on financial corporations' control over government, see our Banking Bailout archive here.

How much is democracy worth to you? If you’re like most people, it’s priceless. But for the hedge funds and insurance companies on Wall Street, it does have a price tag: approximately $4.2 billion. That’s how much the Finance, Insurance, and Real Estate (F.I.R.E.) sector has invested in political influence through campaign contributions and lobbying since 2006. That comes to $1,331 a minute spent on political power. The new report is called “Meet the F.I.R.E. Sector: How Wall Street Is Burning Democracy.” It was developed by Elect Democracy, a nonpartisan effort ... to expose and challenge the impact of corporate money in U.S. politics. The report ... analyzes exactly how Wall Street has secured ... “industry-loyal voting practices” in Congress: by shoveling stacks of campaign cash in the direction of Congressional hopefuls from both major political parties. That money lets these industries get what they want in Washington. The F.I.R.E. sector contributed $879 million to members of Congress since 2006, and took positions on 383 bills during the 112th Congress. For instance, they supported Free Trade Agreements with Korea, Panama, and Colombia in 2007, and backed the bailout in 2008. Bills they opposed include the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2009, the Limited Homeowner and Investor Loss in Foreclosure Act of 2010, and the Stop Student Loan Interest Rate Hike Act of 2011. At every turn, the F.I.R.E. sector demands special treatment for Wall Street while consumers, homeowners, and students get stuck with the bills.

Note: Though not a major media source, Yes! Magazine is one of the very few media working towards positive, sustainable solutions to the problems of our world. For deeply revealing reports from reliable major media sources on the corrupt relationship between government and the financial sector, click here.

Exposure to radioactive material released into the environment has caused mutations in butterflies found in Japan, a study suggests. Scientists found an increase in leg, antennae and wing shape mutations among butterflies collected following the 2011 Fukushima accident. By comparing mutations found on the butterflies collected from the different sites, the team found that areas with greater amounts of radiation in the environment were home to butterflies with much smaller wings and irregularly developed eyes. Six months later, they again collected adults from the 10 sites and found that butterflies from the Fukushima area showed a mutation rate more than double that of those found sooner after the accident. The team concluded that this higher rate of mutation came from eating contaminated food, but also from mutations of the parents' genetic material that was passed on to the next generation, even though these mutations were not evident in the previous generations' adult butterflies. The findings from their new research show that the radionuclides released from the accident had led to novel, severely abnormal development, and that the mutations to the butterflies' genetic material [were] still affecting the insects, even after the residual radiation in the environment had decayed away. "This study is important and overwhelming in its implications for both the human and biological communities living in Fukushima," explained University of South Carolina biologist Tim Mousseau, who studies the impacts of radiation on animals and plants.

Note: Read the complete report, with numerous color photos, here. For deeply revealing reports from reliable major media sources on corruption in the nuclear power industry, click here.

Who's buying our democracy? Wall Street financiers, the Koch brothers, and casino magnates Sheldon Adelson and Steve Wynn, among others. And they're doing much of it in secret. It's a perfect storm - the combination of three waves that are about to drown government as we know it. The first is the greatest concentration of wealth in America in more than a century. The 400 richest Americans are richer than the bottom 150 million Americans put together. The trend started 30 years ago, and it's related to globalization and technological changes that have stymied wage growth for most people, "trickle-down economics," ... tax cuts and the steady decline in the bargaining power of organized labor. The second is the wave of unlimited political contributions, courtesy of ... one of the worst decisions in Supreme Court history, Citizens United vs. Federal Election Commission, the 2010 ruling that held that corporations are people under the First Amendment, [meaning] that virtually any billionaire can contribute as much to a political campaign as he wants. The third is complete secrecy about who's contributing how much to whom. Political fronts posing as charitable, nonprofit "social welfare" organizations ... don't have to disclose their donors. As a result, outfits like the Chamber of Commerce and Karl Rove's Crossroads GPS are taking in hundreds of millions from corporations that don't even tell their own shareholders what political payments they're making. Separately, any one of these three would be bad enough. Put the three together, and our democracy is being sold down the drain.

Note: The author of this article, Robert Reich, is a professor of public policy at UC Berkeley and former U.S. secretary of labor, and author of the newly released Beyond Outrage: What Has Gone Wrong With Our Economy and Our Democracy, and How to Fix It.

In November, voters will decide whether to make California the first state in the nation to require labels on most genetically modified food products. At least 18 states, including California, have tried to pass similar laws through their legislatures and failed. This time, however, the measure made it to the statewide ballot with 1 million citizen signatures; recent polls show Proposition 37 winning by a significant margin. Food activists across the country are watching the California battle closely, with opponents of genetic modification hoping to make the proposition a model for other states. Supporters of the law, including organic trade groups and environmentalists, say consumers have a right to know if the food they're eating contains genetically modified material - particularly when the long-term health effects are unclear. Seventy percent to 80 percent of processed foods sold in the U.S. are made with genetically engineered ingredients, including corn, soybeans, sugar beets and cotton oil. If the California measure passes, processed genetically engineered food products would include the words "Partially produced with genetic engineering" on the front or back label. For whole foods such as sweet corn or salmon, grocers would be required to have a sign on the shelf. Alcohol, most meat, eggs and dairy products would be exempt. Jeffrey Smith, the executive director of the Institute for Responsible Technology based in Iowa, said "Based on the evidence - damage to virtually every organ evaluated and immune and gastrointestinal problems - labels are needed."

Note: If you read this entire article, you will detect a clear bias against GMO labelling. It quotes a UCLA professor stating, "There is not one credible scientist working on this that would call it unsafe." Yet the article fails to mention the many scientists who have provided solid evidence that GMOs are unsafe. For a powerful essay showing the grave risks and dangers of GMOs, click here. For a New York Times article listing several scientists who raised serious questions about GMOs, click here. For deeply revealing reports from reliable major media sources on genetically modified foods, click here.

Kevin Ferry: There are Libor subpoenas raining down on the New York branches of these foreign banks today. So I think you really have to watch it. The [British Bankers' Association] is now saying they are going to go into ‘overhaul’ mode. So as if we don’t have enough things going on, you’re going to start opening up a Pandora’s Box here in the Libor sector of the market. I think what they’re going to do ... is basically put the old system in a coma, and work to devise something that’s a little bit better, and it’s going to be tricky. Doug Dachille: So what are they going to do with the euro/dollar futures and all the outstanding notion of principal of contracts linked to Libor? I mean is everybody going to convert their Libor interest rate swaps to cost of fund funds or Fed fund basis swaps or some other index? KF: Are you asking me? I’ve asked that question as high as I could ask it and I get blank stares. DD: It’s not clear that every bank has exactly the same Libor exposure, so it’s not clear that that cartel, in setting Libor and manipulating it, actually is as powerful as the cartel that manages oil prices. Yet I don’t hear any outrage of people routinely trading commodity derivatives and commodity futures, as much as I hear the outrage over euro/dollar futures and Libor-based interest rate swaps. Everybody assumes that’s what goes on when you trade commodity futures, but nobody ever really thought that was going on when you were trading euro/dollar futures.

Note: The text above is an excerpt from a CNBC news video. Click on the link above for the full report. For deeply revealing reports from reliable major media sources on corruption in the financial sector, click here.

The U.S. government said it will stop issuing permits for new nuclear power plants and license extensions for existing facilities until it resolves issues around storing radioactive waste. The government's main watchdog, the Nuclear Regulatory Commission, believes that current storage plans are safe and achievable. But a federal court said that the NRC didn't detail what the environmental consequences would be if the agency is wrong. There are 14 reactors awaiting license renewals at the NRC, and an additional 16 reactors awaiting permits for new construction. Nuclear waste disposal has been a daunting political question that is still unanswered after decades of study. Nuclear watchdog groups -- which don't agree with the NRC's assertion that the waste is currently safely stored -- are hoping the new review will provide an opportunity to push for stricter standards at nuclear power plants. There are currently 104 operating nuclear reactors at 64 plants across the country. Half are over 30 years old. '"The court is ordering them to do this analysis that should have been done a long time ago," said Edwin Lyman, a senior scientist at the Union of Concerned Scientists. In particular, UCS and others want less of the waste to be stored in pools of water, which they believe are vulnerable to sudden draining and possible meltdown.

Note: For deeply revealing reports from reliable major media sources on corruption in the nuclear power industry, click here.

The international security contractor formerly known as Blackwater [and now called Academi LLC] has agreed to pay a $7.5 million fine to settle federal criminal charges related to arms smuggling and other crimes. The list of 17 violations includes possessing automatic weapons in the United States without registration, lying to federal firearms regulators about weapons provided to the king of Jordan, passing secret plans for armored personnel carriers to Sweden and Denmark without US government approval, and illegally shipping body armor overseas. Federal prosecutors said the company, which has held billions in US security contracts in Iraq and Afghanistan, repeatedly flouted US laws. ‘‘Compliance with these laws is critical to the proper conduct of our defense efforts and to international diplomatic relations,’’ said Thomas G. Walker, the US attorney for the Eastern District of North Carolina. ‘‘This prosecution is an important step to ensuring that our corporate citizens comply with these rules in every circumstance.’’ Blackwater was founded in 1997 by former Navy SEAL Erik Prince. The company rose to national attention after winning massive no-bid security contracts from the US government at the Iraq War’s start. In 2010, after several high-profile controversies, the company reached a $42 million settlement with the Department of State over repeated violations of the Arms Export Control Act and the International Trafficking in Arms Regulations.

Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.

Rejecting entreaties from consumers and activists, Wal-Mart Stores Inc. says it has no objection to selling a new crop of genetically modified sweet corn created by biotech giant Monsanto. Environmental and health activists expressed surprise and disappointment at Wal-Mart’s decision. Earlier this year, Whole Foods, Trader Joe’s and General Mills said they would not carry or use the genetically modified sweet corn. “A lot of people who were their customers explicitly said we don’t want you to carry this product, and I think it’s unfortunate that they chose not listen to that feedback,” said Patty Lovera, assistant director of the consumer group Food and Water Watch. In March, the group presented Wal-Mart with a petition signed by 463,000 people asking it to boycott the product, she said. Monsanto’s genetically modified sweet corn is resistant to a common herbicide, which allows farmers to kill weeds without killing the corn. It also contains a toxin that fends off certain pests. Critics say they would like the U.S. Food and Drug Administration to require some pre-market safety testing and labeling of genetically modified foods, saying the lack of study makes it impossible to know whether they pose health risks. “There has been a doubling of food allergies in this country since 1996,” said Michael Hansen, a senior scientist at Consumers Union, the policy arm of Consumer Reports. “Is it connected to genetically engineered foods? Who knows when you have no labeling? That is the problem.”

Note: Strangely, this article was taken down from the Tribune website shortly after its original posting. To read the complete article, click here. For deeply revealing reports from reliable major media sources on the dangers of genetically modified foods, click here.

France’s parliament passed President Francois Hollande’s revised 2012 budget, including a 0.2 percent transaction tax on share purchases that takes effect today. The bill’s passage into law marks “the first step toward fiscal reform and a move toward justice,” Finance Minister Pierre Moscovici said in a statement. With the vote, France becomes the first European country to impose a transaction tax on share purchases. The Hollande government is doubling the levy to 0.2 percent from the 0.1 percent tax initially advocated by former President Nicolas Sarkozy. Many institutional investors may escape the tax using so-called contracts for difference, or CFDs, offered by prime brokers that let them bet on a stock’s gain or loss with owning the shares. The transaction tax, aimed at curbing market speculation, will be paid on the purchase of 109 French stocks with market values of more than 1 billion euros ($1.2 billion), including Pernod Ricard SA and Vivendi SA. The new budget law will be applied to transactions resulting in “a transfer of property” of companies trading in Paris, regardless of where the buyer or seller is based, and may be expanded next year along with some European partners. France estimated that the doubling of the tax will bring in an additional 170 million euros in 2012 and 500 million euros next year. The state will start collecting the tax in November, Budget Minister Jerome Cahuzac’s press office said. The government estimated that the doubling of the tax will cut the volume of stock purchases to 800 billion euros from 1.05 trillion euros with a 0.1 percent levy and 1.3 trillion euros with no transaction tax.

Note: This exciting news is one of the most underreported events of the year. A universal FTT would stop much of the craziness in the derivatives market. The EU is also seriously considering implementing an FTT. Click here for more.

In a welcome about-face Tuesday morning, Twitter restored the account of journalist Guy Adams, who posted a series of critical comments about NBC's handling of the Olympics. While it's encouraging to hear NBC backed away - even if it required an enormous online backlash - it remains disturbing that Twitter revoked the account in the first place. Let's be perfectly clear: Twitter suspended a user for committing an act of journalism. The mind-boggling move undermines the San Francisco startup's credibility as a supposed advocate of open communications, and whittles away the goodwill of professional and citizen journalists who are the lifeblood of the service. In a series of tweets in recent days, Adams colorfully assailed, among other things, NBC's ridiculous decision to force West Coast viewers to watch the Olympics on a time delay, presumably so the network could charge prime-time advertising rates. It's been an infuriating experience for fans who can't duck the spoilers blasting at them from all quarters of the Internet. Adams, a correspondent for London's Independent newspaper, simply supplied them an appropriate outlet for those frustrations in the tweet that supposedly got his account deactivated.

Note: For deeply revealing reports from reliable major media sources on corporate corruption, click here.

A whistleblower suit against Merck, filed back in 2010 by two former employees, [accused] the drugmaker of overstating the effectiveness of its mumps, measles, and rubella vaccine. The scientists claim Merck defrauded the U.S. government by causing it to purchase an estimated four million doses of mislabeled and misbranded MMR vaccine per year for at least a decade, and helped ignite two recent mumps outbreaks that the allegedly ineffective vaccine was intended to prevent in the first place. “As the single largest purchaser of childhood vaccines (accounting for more than 50 percent of all vaccine purchasers), the United States is by far the largest financial victim of Merck’s fraud. Specifically, the suit claims Merck manipulated the results of clinical trials beginning in the late 1990s so as to be able to report that the combined mumps vaccine ... is 95 percent effective, in an effort to maintain its exclusive license to manufacture it. However, instead of reformulating the vaccine whose declining efficacy Merck itself has acknowledged, the company reportedly launched a complicated scheme to adjust its testing technique so that it would yield the desired potency results. While the Justice Department has refused to rule on the case after conducting its own two-year investigation, the allegations ... offer an extremely damaging view into the inner process of a company accused of misleading both regulators and consumers about a vital medical product.

Note: For more on this, see this webpage. For more along these lines, see concise summaries of deeply revealing news articles on pharmaceutical industry corruption and vaccine controversies.

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.