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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.


The Troubled History Of The Supermarket Tomato
2011-07-09, NPR
http://www.npr.org/2011/07/09/137623954/the-troubled-history-of-the-supermark...

Supermarket tomatoes may look delicious — smooth, red and unblemished — but for the most part, they taste like nothing at all. [Barry] Estabrook is the author of a new book, Tomatoland: How Modern Industrial Agriculture Destroyed Our Most Alluring Fruit. It lays out why supermarket tomatoes tend to taste so bad - and how they got that way. The tomatoes you see in those supermarkets have been bred for high yields and durability, not flavor. There's an even darker side to the modern commercial tomato, too. Up until recently, workers on many of Florida's vast industrial tomato farms were basically slaves. "People being bought and sold like animals," Estabrook says. "People being shackled in chains. People being beaten for either not working hard enough, fast enough, or being too weak or sick to work. People actually being shot and killed for trying to escape. That sounds like 1850's slavery to me." The situation is beginning to improve, he adds. It began with a group of tomato pickers called the Coalition of Immokalee Workers. The group had been lobbying since the early 1990s for a plan that included a pay raise and some basic workers' rights. "What they started concentrating on was the end-customers," Estabrook says. "They started, actually, with the Taco Bell restaurant chain." After four years of protests and boycotts, Taco Bell agreed to sign on and support the group's plan. Other chains soon followed, and even the powerful Florida tomato growers' committee came on board.

Note: In 2015, Wal-Mart became the most influential corporation to join the initiative promoted by Coalition of Immokalee Workers. For more along these lines, see concise summaries of deeply revealing food system corruption news articles from reliable major media sources.


Industries lobby against voluntary nutrition guidelines for food marketed to kids
2011-07-09, Washington Post
http://www.washingtonpost.com/politics/industries-lobby-against-voluntary-nut...

The food and advertising industries have launched a multi-pronged campaign to squash government efforts to create voluntary nutritional guidelines for foods marketed to children. Calling themselves the Sensible Food Policy Coalition, the nation’s biggest foodmakers, fast-food chains and media companies, including Viacom and Time Warner, are trying to derail standards proposed by four federal agencies. The U.S. Chamber of Commerce has also lent its lobbying muscle to the effort. The guidelines are designed to encourage foodmakers to reduce salt, added sugars and fats in foods and drinks targeted to children. Public-health experts say children, many of whom may lack the critical-thinking skills to understand advertising, are bombarded daily by television ads, Web sites, toy giveaways and cartoon characters promoting junk food. The food and beverage industry spends about $2 billion a year marketing directly to children. The business community has portrayed the government’s guidelines as job-killing government overreach. “We allow companies into our homes to manipulate children to want food that will make them sick,” said Margo Wootan of the Center for Science in the Public Interest.

Note: The "Sensible Food Policy Coalition" is arguing against voluntary guidelines designed to help our children eat more nutritious food. Is that Orwellian doublespeak or what?


Phone hacking: Police probe suspected deletion of emails by NI executive
2011-07-08, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/media/2011/jul/08/phone-hacking-emails-news-interna...

Police are investigating evidence that a News International executive may have deleted millions of emails from an internal archive in an apparent attempt to obstruct Scotland Yard's inquiry into the phone-hacking scandal. The archive is believed to have reached back to January 2005, revealing daily contact between News of the World editors, reporters and outsiders, including private investigators. A senior executive is believed to have deleted "massive quantities" of the archive on two separate occasions, leaving only a fraction to be disclosed. The allegation directly contradicts NI claims that it is co-operating fully with police in order to expose its history of illegal newsgathering. Rupert Murdoch is planning to fly into London on [July 9] to confront the crisis. The scandal brought a number of arrests on [July 8], with the prime minister's former PR chief Andy Coulson held under suspicion of involvement in phone hacking. As he was released on bail, he told reporters: "There is an awful lot I would like to say, but I can't at this time." Clive Goodman, the NoW's former royal reporter, was also arrested in relation to the alleged payment of bribes to police, and subsequently bailed.

Note: For lots more on corporate corruption from reliable sources, click here.


Revealed: British government's plan to play down Fukushima
2011-06-30, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/environment/2011/jun/30/british-government-plan-pla...

British government officials approached nuclear companies to draw up a co-ordinated public relations strategy to play down the Fukushima nuclear accident just two days after the earthquake and tsunami in Japan and before the extent of the radiation leak was known. Internal emails seen by the Guardian show how the business and energy departments worked closely behind the scenes with the multinational companies EDF Energy, Areva and Westinghouse to try to ensure the accident did not derail their plans for a new generation of nuclear stations in the UK. "This has the potential to set the nuclear industry back globally," wrote one official at the Department for Business, Innovation and Skills (BIS), whose name has been redacted. "We need to ensure the anti-nuclear chaps and chapesses do not gain ground on this. We need to occupy the territory and hold it. We really need to show the safety of nuclear." Officials stressed the importance of preventing the incident from undermining public support for nuclear power. Louise Hutchins, a spokeswoman for Greenpeace, said the emails looked like "scandalous collusion". "This highlights the government's blind obsession with nuclear power and shows neither they, nor the industry, can be trusted when it comes to nuclear," she said.

Note: For lots more from reliable sources on government and corporate corruption, click here and here.


How two shell companies duped the Pentagon
2011-06-28, Reuters News
http://www.reuters.com/article/2011/06/28/us-usa-shell-companies-pentagon-idU...

Two companies incorporated at a little house in Cheyenne, Wyoming, won Pentagon contracts after their owner took advantage of the state's liberal incorporation laws to create the firms using an alias, and then represented them as minority-owned to win favorable treatment as a military supplier. The firms and their owner were later banned from doing business with the Pentagon for providing knock-off parts. A Reuters investigation has found that more than 2,000 companies are registered at 2710 Thomes Avenue in Cheyenne, the headquarters for Wyoming Corporate Services, a business incorporation company that specializes in corporate anonymity. A Reuters review of federal contracting databases found nine firms registered at 2710 Thomes Avenue have been awarded 93 contracts worth more than $1.6 million by a half dozen government agencies, including the U.S. Department of Defense, the U.S. Treasury's Internal Revenue Service, the Centers for Disease Control, and the Department of Veterans Affairs. More than 90 percent of the contracts were awarded by the Department of Defense. The companies were created by Atilla C. Kan, an employee of another Pentagon supplier called New York Machinery. Kan formed the companies in Wyoming under the name John Ryan. He later used the alias, and a description of the companies as "minority-owned," "woman-owned" and "Hispanic-owned," when applying to supply military parts, the documents show.

Note: For more on this showing a vast level of corruption, click here and watch the Reuters video available here. For a powerful and deep analysis by David Wilcock on this important topic, which he calls the ultimate ponzi scheme, click here.


A little house of secrets on the Great Plains
2011-06-28, MSN/Reuters News
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20110628&id=138...

The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming. At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710 Thomes Avenue, isn't a shimmering skyscraper filled with A-list corporations. It's a 1,700-square-foot brick house with a manicured lawn, a few blocks from the State Capitol. A Reuters investigation has found the house at 2710 Thomes Avenue serves as a little Cayman Island on the Great Plains. It is the headquarters for Wyoming Corporate Services, a business-incorporation specialist that establishes firms which can be used as "shell" companies, paper entities able to hide assets. Wyoming Corporate Services will help clients create a company, and more: set up a bank account for it; add a lawyer as a corporate director to invoke attorney-client privilege; even appoint stand-in directors and officers as high as CEO. Among its offerings is a variety of shell known as a "shelf" company, which comes with years of regulatory filings behind it, lending a greater feeling of solidity. All the activity at 2710 Thomes is part of a little-noticed industry in the U.S.: the mass production of paper businesses. Scores of mass incorporators like Wyoming Corporate Services have set up shop.

Note: For lots more from reliable sources on corporate corruption, click here.


Radioactive tritium leaks found at 48 US nuke sites
2011-06-21, MSNBC/Associated Press
http://www.msnbc.msn.com/id/43475479/ns/us_news-environment/t/radioactive-tri...

Radioactive tritium has leaked from three-quarters of U.S. commercial nuclear power sites, often into groundwater from corroded, buried piping. The number and severity of the leaks has been escalating, even as federal regulators extend the licenses of more and more reactors across the nation. Tritium, which is a radioactive form of hydrogen, has leaked from at least 48 of 65 sites, according to U.S. Nuclear Regulatory Commission records reviewed as part of the AP's yearlong examination of safety issues at aging nuclear power plants. Leaks from at least 37 of those facilities contained concentrations exceeding the federal drinking water standard — sometimes at hundreds of times the limit. At three sites — two in Illinois and one in Minnesota — leaks have contaminated drinking wells of nearby homes. At a fourth site, in New Jersey, tritium has leaked into an aquifer and a discharge canal feeding picturesque Barnegat Bay off the Atlantic Ocean. Any exposure to radioactivity, no matter how slight, boosts cancer risk, according to the National Academy of Sciences. Tritium moves through soil quickly, and when it is detected it often indicates the presence of more powerful radioactive isotopes that are often spilled at the same time.

Note: For lots more from reliable sources on government and corporate corruption, click here and here.


U.S. nuke regulators weaken safety rules
2011-06-20, CBS News/Associated Press
http://www.cbsnews.com/stories/2011/06/20/national/main20072497.shtml

Federal regulators have been working closely with the nuclear power industry to keep the nation's aging reactors operating within safety standards by repeatedly weakening those standards, or simply failing to enforce them, an investigation by The Associated Press has found. Time after time, officials at the U.S. Nuclear Regulatory Commission have decided that original regulations were too strict, arguing that safety margins could be eased without peril. The result? Rising fears that these accommodations by the NRC are significantly undermining safety — and inching the reactors closer to an accident that could harm the public. Examples abound. When valves leaked, more leakage was allowed — up to 20 times the original limit. When rampant cracking caused radioactive leaks from steam generator tubing, an easier test of the tubes was devised, so plants could meet standards. Failed cables. Busted seals. Broken nozzles, clogged screens, cracked concrete, dented containers, corroded metals and rusty underground pipes — all of these and thousands of other problems linked to aging were uncovered. Not a single official body in government or industry has studied the overall frequency and potential impact on safety of such breakdowns in recent years, even as the NRC has extended the licenses of dozens of reactors.

Note: Read this detailed report in its entirety to see the amazing range of serious problems in the US nuclear industry which have systematically been covered up by the NRC. For lots more from reliable sources on government and corporate corruption, click here and here.


Nuke plant averts shutdown from swelled Missouri
2011-06-20, CBS News/Associated Press
http://www.cbsnews.com/stories/2011/06/20/national/main20072590.shtml

The bloated Missouri River rose to within 18 inches of forcing the shutdown of a nuclear power plant in southeast Nebraska but stopped and ebbed slightly [on June 20], after several levees in northern Missouri failed to hold back the surging waterway. The river has to hit 902 feet above sea level at Brownville before officials will shut down the Cooper Nuclear Plant, which sits at 903 feet, Nebraska Public Power District spokesman Mark Becker said. Becker said the river rose to 900.56 feet at Brownville on Sunday, then dropped to 900.4 feet later in the day and remained at that level Monday morning. The Cooper Nuclear Plant is operating at full capacity Monday, Becker said. The Columbus-based utility sent a "notification of unusual event" to the Nuclear Regulatory Commission when the river rose to 899 feet early Sunday morning. The declaration is the least serious of four emergency notifications established by the federal commission. The Cooper Nuclear Station is one of two plants along the Missouri River in eastern Nebraska. The Fort Calhoun Station, operated by the Omaha Public Power District, is about 20 miles north of Omaha. It issued a similar alert to the regulatory commission June 6.

Note: This same plant narrowly avoided a shutdown just a couple weeks prior due to an electrical fire. For the AP article on this, click here. On Monday, June 27, floodwaters collapsed a berm protecting the plant and flooded a building onsite. Authorities, however, still claim there are no dangers.


Northwest sees 35% infant mortality spike post-Fukushima
2011-06-17, Q13 FOX-TV (Seattle FOX Network affiliate)
http://www.q13fox.com/news/kcpq-northwest-sees-35-infant-mortality-spike-post...

Physician Janette Sherman, M.D. and epidemiologist Joseph Mangano published a report Monday highlighting a 35% spike in northwest infant mortality after Japan's nuclear meltdown. The report spotlighted data from the CDC's Morbidity and Mortality Weekly Report on infant mortality rates in eight northwest cities, including Seattle, in the 10 weeks after Fukushima's nuclear meltdown. The average number of infant deaths for the region moved from an average of 9.25 in the four weeks before Fukushima' nuclear meltdown, to an average of 12.5 per week in the 10 weeks after. The change represents a 35% increase in the northwest's infant mortality rates. In comparison, the average rates for the entire U.S. rose only 2.3%.

Note: For details of this very important analysis of the CDC's data on US infant mortality after the Fukushima meltdowns, click here and here.


Pundit Under Protest
2011-06-14, New York Times
http://www.nytimes.com/2011/06/14/opinion/14brooks.html

The two parties contesting this election are unusually pathetic. Their programs are unusually unimaginative. Their policies are unusually incommensurate to the problem at hand. The election is happening during a downturn in the economic cycle, but the core issue is the accumulation of deeper structural problems that this recession has exposed — unsustainable levels of debt, an inability to generate middle-class incomes, a dysfunctional political system, [and] the steady growth of special-interest sinecures. Workers’ share of national income has been declining since 1983. Male wages have been stagnant for about 40 years. The American working class — those without a college degree — is being decimated, economically and socially. Voters are certainly aware of the scope of the challenges before them. Their pessimism and anxiety does not just reflect the ebb and flow of the business cycle, but is deeper and more pervasive. Trust in institutions is at historic lows. Large majorities think the country is on the wrong track, and have for years. Large pluralities believe their children will have fewer opportunities than they do. Voters are in the market for new movements and new combinations, yet the two parties have grown more rigid.


Nuclear fuel has melted through base of Fukushima plant
2011-06-09, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/8565020/Nuclear-fuel-has-melted-through-base-...

The nuclear fuel in three of the reactors at the Fukushima Dai-Ichi nuclear plant has melted through the base of the pressure vessels and is pooling in the outer containment vessels, according to a report by the Japanese government. The findings of the report, which has been given to the International Atomic Energy Agency, were revealed by the Yomiuri newspaper, which described a "melt-through" as being "far worse than a core meltdown" and "the worst possibility in a nuclear accident." Water that was pumped into the pressure vessels to cool the fuel rods, becoming highly radioactive in the process, has been confirmed to have leaked out of the containment vessels and outside the buildings that house the reactors. Elevated levels of radiation have been confirmed in the ocean off the plant. The radiation will also have contaminated the soil and plant and animal life around the facility, making the task of cleaning up more difficult and expensive, as well as taking longer. The pressure vessel of the No. 1 reactor is now believed to have suffered damage just five hours after the March 11 earthquake and tsunami. Melt-downs of the fuel in the No. 2 and No. 3 reactors followed over the following days with the molten fuel collecting at the bottom of the pressure vessels before burning through and into the external steel containment vessels.

Note: The UK Telegraph has been consistently reporting the bad news about the Fukushima catastrophe, but many other major media outlets have not kept the spotlight on this vital issue. Could that be because they are protecting the nuclear industry and its plans for expansion from the fallout of public opinion?


With moving truck, Fla. couple threatens bank with foreclosure
2011-06-06, MSNBC/Associated Press
http://www.msnbc.msn.com/id/43299097

Months after Bank of America wrongly foreclosed on a house Warren and Maureen Nyerges had already paid for, they were still fighting to get reimbursed for the court battle. So on Friday, their attorney showed up at a branch office in Naples with a moving truck and sheriff's deputies who had a judge's permission to seize the furniture if necessary. An hour later, the bank had written a check for $5,772.88. "The branch manager was visibly shaken," attorney Todd Allen said Monday, recalling the visit to the bank last week. "At that point I was willing to take the desk and the chair he was sitting in." After the moving company and sheriff's deputies get their share, the Nyerges should receive the rest of the money this week, ending a bizarre saga that started when they paid Bank of America $165,000 cash for a 2,700-square-foot (250 meter) foreclosed home in Naples in 2009. About four months later, a process server knocked on their door and handed Warren Nyerges a notice of foreclosure. That started 18 months of frustrating phone calls, paperwork and court hearings. Whenever Nyerges called the bank, representatives told him to "come up to date" with his payments. When he called 25 different law firms, no attorney would take the case. When he went to court, the lawyers for the bank filed incorrect motions and were woefully unprepared for the hearings.

Note: For a great two-minute video on this most unusual happening, click here.


Make companies' political spending transparent
2011-06-05, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/06/03/INB11JNOSC.DTL

Lockheed Martin, the nation's largest contractor ... has received more than $19 billion in federal contracts so far this year. Lockheed has already spent more than $3 million lobbying Congress this year. Lockheed supports a platoon of Washington lawyers and lobbyists dedicated to getting more federal contracts. Sixty-four of Lockheed's lobbyists are former congressional staffers, Pentagon officials and White House aides. Two are former members of Congress. As such, they used to be on the public payroll, representing us. Lockheed also has been spending more than $3 million a year on political contributions to friendly members of Congress. Lockheed is hardly alone in using taxpayer money to get fatter contracts from taxpayers. All of the 10 biggest government contractors are defense contractors. Every one of them gets most of its revenue from the federal government. And every one uses a portion of that money to lobby for even more defense contracts. Next year's expected drawdown of troops from Afghanistan and Iraq is supposed to save money. But Lockheed and other giant defense contractors have made sure all anticipated savings will go to new weapons systems. Lockheed recently delivered a budget bombshell with a proposed tab of more than $1 trillion for a fleet of F-35 joint-strike fighter jets.

Note: $1 trillion for a fighter jet fleet means that each American will pay over $3,000 for this fleet. The author of this op-ed, Robert Reich, is former U.S. secretary of labor, professor of public policy at UC Berkeley and the author of Aftershock: The Next Economy and America's Future. He blogs at www.robertreich.org.


Argentina accuses world's largest grain traders of huge tax evasion
2011-06-01, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/business/2011/jun/01/argentina-accuses-grain-trader...

The world's four largest grain traders, responsible for the vast majority of global corn, soya and wheat trading and processing, have been accused of large-scale tax evasion in a landmark series of cases being brought against them by the Argentinian government. Ricardo Echegaray, the head of Afip, the country's revenue and customs service, has given a detailed account of the charges his department is bringing against ADM, Bunge, Cargill and Dreyfus. "These companies have gone into criminality," Echegaray said. "2008 was when agricultural commodities prices spiked and was the best year for them in prices, yet we could see that the companies with the biggest sales showed very little profit in this country." Afip is seeking to claim $476m (Ł290m) for what it says are unpaid tax and duties from Bunge, $252m from Cargill and $140m from Dreyfus. With the global food system and who controls it under intense scrutiny in recent weeks, thanks to record prices, the legal battle between Afip and the "ABCD four", as they are known, has taken on heightened significance. Oxfam, in a report earlier this week, warned of spiralling prices and a huge increase in global hunger over the next two decades, and said that corporate concentration in the global food trade was a structural flaw in the system.

Note: When you hear of global food prices spiraling, think of market manipulation by companies like this and inside traders.


Chiquita sued over Colombian paramilitary payments
2011-05-30, Miami Herald/Associated Press
http://www.miamiherald.com/2011/05/30/2242250/chiquita-sued-over-colombian-pa...

Each name is next to a number, in black type on a thick legal document. They are the mothers and fathers, spouses, sisters and brothers of thousands of Colombians who were killed or vanished during a bloody civil conflict between leftist guerrillas and right-wing paramilitary groups whose victims have largely been civilians. The list has at least 4,000 names, each one targeting Chiquita Brands International in U.S. lawsuits, claiming the produce giant's payments and other assistance to the paramilitary groups amounted to supporting terrorists. Cincinnati-based Chiquita in 2007 pleaded guilty to similar criminal charges brought by the Justice Department and paid a $25 million fine. But if the lawsuits succeed, plaintiffs' lawyers estimate the damages against Chiquita could reach into the billions. The cases filed around the country are being consolidated before a South Florida federal judge who must decide whether to dismiss them or let them proceed. Chiquita has long maintained it was essentially blackmailed into paying the paramilitary groups - perpetrators of the majority of civilian deaths in Colombia's dirty war.

Note: For lots more on corporate corruption from reliable sources, click here.


Top lobbying banks got biggest bailouts: study
2011-05-26, MSNBC/Reuters News
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20110526&id=136...

The more aggressively a bank lobbied before the financial crisis, the worse its loans performed during the economic downturn -- and the more bailout dollars it received, according to a study published by the National Bureau of Economic Research this week. The report, titled "A Fistful of Dollars: Lobbying and the Financial Crisis," said that banks' lobbying efforts may be motivated by short-term profit gains, which can have devastating effects on the economy. "Overall, our findings suggest that the political influence of the financial industry played a role in the accumulation of risks, and hence, contributed to the financial crisis," said the report, written by three economists from the International Monetary Fund. Data collected by the three authors -- Deniz Igan, Prachi Mishra and Thierry Tressel -- show that the most aggressive lobbiers in the financial industry from 2000 to 2007 also made the most toxic mortgage loans. They securitized a greater portion of debt to pass the home loans onto investors and their stock prices correlated more closely to the downturn and ensuing bailout. The banks' loans also suffered from higher delinquencies during the downturn.

Note: If the above link fails, click here. For lots more from reliable sources on corruption in the government bailouts of the biggest banks, click here.


Vermont governor signs single-payer health law
2011-05-26, CBS News
http://www.cbsnews.com/8301-503544_162-20066495-503544.html

Vermont Gov. Peter Shumlin ... signed into law a bill establishing a single-payer health care plan for the state, making Vermont the first state to do so. Shumlin lauded the legislation as an "economic and fiscal imperative" -- as well as a moral one. "This law recognizes an economic and fiscal imperative - that we must control the growth in health care costs that are putting families at economic risk and making it harder for small employers to do business," he said. "We have a moral imperative to fix this problem, with 47,000 Vermonters uninsured and another 150,000 underinsured and worried about how to afford keeping their families healthy." Vermont lawmakers passed the legislation in March by a 92-49 margin. At the time of its passage, Shumlin lauded the legislature for becoming "the first state in the country to make the first substantive step to deliver a health care system where health care will be a right and not a privilege." The legislation, when fully enacted, will guarantee every Vermont resident the right to enroll in a state-sponsored insurance plan, Green Mountain Care. The law is set to become operational in 2014.

Note: The huge medical and pharmaceutical industries in the U.S. have a vested interest in keeping health care private in order to maintain their massive profits. This may be why the important news above was hardly reported in the media. The rest of the industrialized world already knows that it is much cheaper for government to provide medical care than for the private sector. Yet the media, a major source of whose income comes from advertising by these industries, is quite biased against providing health care for all, unless it is done through a profitable private system.


Tepco confirms meltdowns at 2 more Fukushima reactors
2011-05-24, MSNBC/Reuters News
http://today.msnbc.msn.com/id/43145372/ns/world_news-asia_pacific/

The operator of the nuclear power plant at the center of a radiation scare after being disabled by Japan's earthquake and tsunami confirmed ... that there had been meltdowns of fuel rods at three of its reactors. Tokyo Electric Power Co said meltdowns of fuel rods at three reactors at the Fukushima Daiichi plant occurred early in the crisis triggered by the March 11 disaster. The government and outside experts had said previously that fuel rods at three of the plant's six reactors had likely melted early in the crisis, but the utility, also known as Tepco, had only confirmed a meltdown at the No.1 reactor. Tepco officials said a review since early May of data from the plant concluded the same happened to reactors No.2 and 3. Some analysts said the delay in confirming the meltdowns at Fukushima suggested the utility feared touching off a panic by disclosing the severity of the accident earlier. "Now people are used to the situation. Nothing is resolved, but normal business has resumed in places like Tokyo," said Koichi Nakano, a political science professor at Tokyo's Sophia University. Nakano said that by confirming the meltdowns now, Tepco may be hoping the news will have less impact.

Note: Very few major media have given TEPCO's confirmation of the world's worst fears about the severity of the Fukushima nuclear disaster the attention it deserves. Are the major media burying this story because of the potential harm it will do to plans for the expansion of the nuclear power industry?


U.S. Faulted on Failing to Catch Credit-Crunch ‘Bandits'
2011-05-23, Bloomberg/Businessweek
http://news.businessweek.com/article.asp?documentKey=1376-LKQQ2B0D9L3501-7O8F...

In November 2009, Attorney General Eric Holder vowed before television cameras to prosecute those responsible for the market collapse a year earlier, saying the U.S. would be “relentless” in pursuing corporate criminals. In the 18 months since, no senior Wall Street executive has been criminally charged. Prosecutions of three categories of crime that could be linked to the causes of the crisis -- corporate, securities and bank fraud -- declined last fiscal year by 39 percent from 2003, the period after the accounting scandals at Enron Corp. and WorldCom Inc., Justice Department records show. “You need a massive prosecutorial effort,” said Solomon Wisenberg, a white-collar defense attorney at Barnes & Thornburg LLP in Washington and a former federal prosecutor. “I don't see evidence that it's happening." The seizing up of credit markets led to the collapse of Bear Stearns and Lehman Brothers Holdings Inc. and sparked the worst economic slump in the U.S. since the Great Depression. Much of the blame belongs to banks that profited from selling products that imploded with the housing market.

Note: For undeniable evidence of fraud at the highest levels of Wall Street, click here.


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.

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