Corporate Corruption Media Articles

Excerpts of Key Corporate Corruption Media Articles in Major Media

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The average 30-day stay at a California rehab costs families $40,000. It’s expensive and often highly risky. The Russells [checked] their 19-year-old son, Teddy Russell, into Mountain Vista last summer. “During intake, they had trouble with the blood pressure cuff and she said, ‘No, I have no medical training at all,’” said Anne Russell, talking about the counselor at the rehab. Mountain Vista Farm is a state licensed residential detox facility, which in California is not required to have a doctor on site. Anne Russell believes the lack of medical support drastically changed the course of her family’s life. “We trusted them to help him and our son trusted us and it was just a nightmare,” she said. Detox centers must check on patients every 30 minutes for the critical first 72 hours but that didn’t happen. Seven hours after being dropped off at Mountain Vista Farm, Teddy Russell was dead. The state has the power to suspend a rehab facility’s license after a Class A deficiency. Teddy’s death resulted in two of those. But the state didn’t shut this place down. In fact, we’ve learned it rarely shuts any rehab down. Instead the penalty in Teddy’s case was a $700 fine. Public records show Teddy’s story is not unique. 190 people have died at other rehab facilities in California since 2010. We found dozens of deficiencies, from falsifying records, failing to report deaths, and employing unqualified staff to not monitoring patient vitals, like what happened to Teddy.

Note: John Oliver has a hard-hitting video on the serious problems found at many rehab centers. For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.

A northwest Indiana dairy farm has fired four employees seen in a graphic undercover video released Tuesday by an animal welfare organization showing animals being abused. Following an investigation into the abuse, at least three retailers announced Wednesday that they would remove all Fairlife products from their shelves. The Coca Cola Corporation, which distributes the brand, said it was in talks to have sourcing from the farm in question discontinued. The Animal Recovery Mission called it the “largest undercover dairy investigation in history” and said the video documents “systemic and illegal abuse” at Fair Oaks Farms in Indiana. ARM said an investigator spent three months undercover at the Prairies Edge North Barn after being hired as a calf care employee. The group noted that Fair Oaks Farms North Barn was not targeted, but rather the barn was the first farm to hire the investigator, who had applied to multiple dairy farms in Jasper and Newton Counties in Indiana. “Employees were observed slapping, kicking, punching, pushing, throwing and slamming calves,” ARM said in a statement. “Calves were stabbed and beaten with steel rebars, hit in the mouth and face with hard plastic milking bottles, kneed in the spine, burned in the face with hot branding irons, subjected to extreme temperatures, provided with improper nutrition, and denied medical attention.” The footage was released on social media (warning: footage is graphic) Tuesday, where it has since garnered more than 100,000 views on Facebook and more than 1 million views on Vimeo.

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

A team of researchers inside Pfizer made a startling find in 2015: The company’s blockbuster rheumatoid arthritis therapy Enbrel, a powerful anti-inflammatory drug, appeared to reduce the risk of Alzheimer’s disease by 64 percent. The results were from an analysis of hundreds of thousands of insurance claims. Verifying that the drug would actually have that effect in people would require a costly clinical trial - and after several years of internal discussion, Pfizer opted against further investigation and chose not to make the data public, the company confirmed. Researchers in the company’s division of inflammation and immunology urged Pfizer to conduct a clinical trial on thousands of patients, which they estimated would cost $80 million ... according to an internal company document obtained by The Washington Post. Pfizer’s deliberations, which previously have not been disclosed, offer a rare window into the frustrating search for Alzheimer’s treatments inside one of the world’s largest drug companies. Pfizer did share the data privately with at least one prominent scientist, but outside researchers contacted by The Post believe Pfizer also should at least have published its data, making the findings broadly available to researchers. “Of course they should. Why not?” said Rudolph E. Tanzi, a leading Alzheimer’s researcher and professor at Harvard Medical School. “It would benefit the scientific community to have that data out there,” said Keenan Walker, an assistant professor of medicine at Johns Hopkins.

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

An institute whose experts have occupied key positions on EU and UN regulatory panels is, in reality, an industry lobby group that masquerades as a scientific health charity, according to a peer-reviewed study. The Washington-based International Life Sciences Institute (ILSI) describes its mission as “pursuing objectivity, clarity and reproducibility” to “benefit the public good”. But researchers from the University of Cambridge, Bocconi University in Milan, and the US Right to Know campaign assessed over 17,000 pages of documents under US freedom of information laws to present evidence of influence-peddling. The paper’s lead author, Dr Sarah Steele, a Cambridge university senior research associate, said: “Our findings add to the evidence that this nonprofit organisation has been used by its corporate backers for years to counter public health policies. ILSI should be regarded as an industry group – a private body – and regulated as such, not as a body acting for the greater good.” Around this time, ILSI was caught up in a separate controversy, when the Guardian revealed that ILSI Europe’s vice-president Prof Alan Boobis chaired a UN panel that found glyphosate was probably not carcinogenic to humans. The final panel report included no conflict of interest statements, even though ILSI Europe had received donations of $500,000 (Ł344,234) from Monsanto, which uses glyphosate in its RoundUp weedkiller, and $528,500 from its industry representative, Croplife International.

Note: Check out a great article on how lobby groups like this cause the media to become industry lapdogs. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

The first trial against a pharmaceutical opioid manufacturer started Tuesday in Oklahoma in what could be a precedent-setting case for hundreds of other claims around the country. The state's attorney general, Mike Hunter, began the day by accusing Johnson & Johnson of putting profits over responsibility and argued that the company was responsible for the "worst man-made public health crisis in the history of our state and country." In the multibillion-dollar lawsuit against the drugmaker, lawyers for the state argued that Johnson & Johnson knew about the addictive nature of opioids, but misled doctors by downplaying the risks of the drugs while touting its benefits. Brad Beckworth, a lawyer for Oklahoma, argued that Johnson & Johnson was motivated to increase sales on multiple fronts as both the manufacturer of the drugs Duragesic and Nucynta and as a supplier of the raw materials for other opioid manufacturers. He argued that a marketing push by Johnson & Johnson lead doctors to overprescribe opioids in Oklahoma. If you oversupply, people will die, Beckworth repeatedly said in his opening statement while showing email communications from Johnson & Johnson sales representatives. Oklahoma settled with two other drug manufacturers before Tuesdays opening statements. In March, Purdue Pharma settled for $270 million, and on Sunday, Teva Pharmaceuticals settled for $85 million, leaving Johnson & Johnson as the sole defendants in what could a monthslong bench trial.

Note: Many doctors also profited from excessive prescribing of dangerous opioids. And according to a former DEA agent, Congress helped drug companies fuel the opioid epidemic. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

Defense executives from around the country crowded into Goldman Sachs’ glimmering tower in downtown Manhattan in mid-May, eager to present before a conference of bankers and financial analysts. While much of the world was on edge over simmering tension in the Middle East, as the U.S. and its allies have stoked tensions with Iran, the businessmen at the conference talked of opportunity. Eric DeMarco, the president of Kratos Defense & Security Solutions, addressed the conference, arguing that his company is “very well-aligned” for the shift in the military budget away from asymmetrical fighting toward nation-state warfare. The rising threat of war with Iran, Russia, and China, DeMarco continued, could threaten U.S. naval power, which could require ballistic missile threat upgrades, the type of systems Kratos Defense specializes in. Large arms manufacturers from across the industry have similarly told investors that escalating conflict with Iran could be good for business. The statements to investors come as the U.S. has openly threatened to launch a new war. In recent weeks, the Trump administration discussed sending 120,000 soldiers to the Middle East in preparation for war with Iran, a move that comes after two years of increasing sanctions and militant rhetoric about the threat posed by the government in Tehran. The escalating tensions, while raising the potential for catastrophic conflict and loss of human life, could also be good for companies in the business of war.

Note: Read an essay by one of the most highly decorated U.S. generals titled "War is a Racket." For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.

Purdue Pharma, the drug manufacturer that kickstarted the US opioid epidemic, corruptly influenced the World Health Organization in order to boost painkiller sales across the globe, according to a report by members of Congress. An investigation by Katherine Clark and Hal Rogers, who represent districts in Massachusetts and Kentucky hard hit by the US opioid epidemic, accuses Purdue of replicating its false marketing claims about the safety and effectiveness of opioids to change WHO prescribing guidelines in an attempt to expand foreign markets for its drugs. “The web of influence we uncovered paints a picture of a public health organization that has been corrupted by the opioid industry,” said Clark. “The WHO appears to be lending the opioid industry its voice and credibility, and as a result, a trusted public health organization is trafficking dangerous misinformation that could lead to a global opioid epidemic.” The report ... accuses Purdue of using pharma-funded organizations and specialists to influence the writing of WHO policy to encourage much wider prescribing of addictive high-strength opioids across the globe. It said that, as a result, “WHO guidelines are serving as marketing materials for Purdue”. [The] report alleges two WHO guidelines ... “contain dangerously misleading and, in some instances, outright false claims about the safety and efficacy of prescription opioids”. “Alarmingly, these guidelines mirror Purdue’s marketing strategies to increase prescriptions and expand sales,” the report found.

Note: Many doctors also profited from excessive prescribing of dangerous opioids. And according to a former DEA agent, Congress helped drug companies fuel the opioid epidemic. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

A 3M environmental specialist, in a scathing resignation letter, accused company officials of being "unethical" and more "concerned with markets, legal defensibility and image over environmental safety" when it came to PFAS, the emerging contaminant causing a potential crisis throughout Michigan and the country. [The] explosive resignation letter is just one of a large cache of internal 3M memos and documents obtained by the Free Press through public records law from the Minnesota Attorney General’s Office. Then-Minnesota Attorney General Lori Swanson obtained the internal documents from the Minnesota-based company after suing 3M in 2010 over its environmental contamination in the state. The company settled the suit last year for $850 million. The nonstick compounds were used for decades ... in aqueous firefighting foam, industrial processes and a host of popular consumer products: Teflon nonstick pots and pans, ScotchGard stain protectants ... Gore-Tex water-resistant shoes and clothing, and more. But the same qualities that made PFAS compounds so useful also makes them almost indestructible in the environment, giving them the ominous nickname "the forever chemicals." PFAS can now be found in the blood of nearly 99% of Americans. It has even been found in polar bears in the Arctic Circle. Some 46 sites in Michigan are known to have groundwater with PFAS levels above the U.S. Environmental Protection Agency's lifetime health advisory guideline

Note: Much more is available in this revealing article. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

Ever since Monsanto introduced its line of Roundup weedkillers to the world in 1974, the products have been touted by the company and regulators as extremely safe. But the emergence of long-held corporate secrets in three public trials has revealed a covert campaign to cover-up the pesticide’s risks and raised troubling questions about lax oversight of all pesticides by the Environmental Protection Agency and other regulatory agencies. Two recently concluded Roundup product liability trials in California have resulted in large damage awards against Monsanto, after juries found the company’s herbicides contributed to cancer and that it failed to warn of the risks. Monsanto never conducted epidemiology studies for Roundup and its other formulations made with the active ingredient glyphosate, to see if the products could lead to cancer in people who used them. At the same time ... the company was spending millions of dollars on secretive PR campaigns – including $17m budgeted in a single year – to finance ghostwritten studies and op-eds aimed at discrediting independent scientists whose work found dangers with Monsanto’s herbicides. When the US Agency for Toxic Substances and Disease Registry sought to evaluate glyphosate toxicity in 2015, Monsanto ... engaged the assistance of EPA officials to delay that review. The efforts delayed the release of the public draft of the review ... until earlier this month. As Monsanto had feared, the agency’s review found links between cancer and glyphosate.

Note: Internal FDA emails suggest that the food supply contains far more glyphosate than government reports indicate. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

On Wednesday, Human Rights Watch released a troubling report, which it has since walked back, about a phone application made by the Chinese government. The app provides law enforcement with easy, daily access to data detailing the religious activity, blood type, and even the amount of electricity used by ethnic minority Muslims living in the western province of Xinjiang. The app relies heavily on facial recognition software supplied by Face++, a division of the Chinese startup Megvii. The flurry of media reports this week about Face++ ... and the role of the private sector in building China's increasingly sprawling surveillance state, however, left out another prominent investor in the company: Hunter Biden. Hunter Biden's investment company in China, known as Bohai Harvest RST, has pooled money, largely from state-owned venture capital, to buy or invest in a range of industries. In 2017, Bohai Harvest bought into Face++. Bohai Harvest ... has brought Hunter Biden into close proximity to influential Chinese government and business figures. The investment fund has also partnered with a subsidiary of HNA Group. The HNA Group has made unusually extensive efforts to cultivate U.S. officials. The company floated an offer to buy out the hedge fund owned by former White House official Anthony Scaramucci; retained the legal services of Gary Locke, the former U.S. ambassador to China, shortly before his confirmation; and provided financing to a private-equity firm backed by Jeb Bush.

Note: While Hunter Biden was indicted for three felony gun charges and nine counts of tax-related crimes, his laptop revealed suspicious business dealings with corrupt overseas firms. This informative video delves into the shady dealings of Hunter Biden. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world from reliable major media sources.

Facebook on Thursday banned conspiracy theorist and InfoWars founder Alex Jones and the accounts of other controversial figures. The company, citing violations of its policies on hate speech and promoting violence, is also blocking religious leader Louis Farrakhan, who is known for sharing anti-Semitic views; Paul Nehlen, a white nationalist who ran for Congress in 2018; far-right figures Milo Yiannopoulos and Laura Loomer; and conspiracy theorist Paul Joseph Watson. Those individuals and accounts that represent them are also banned from photo-sharing app Instagram, which Facebook owns. “They have rules, but enforcement is completely random,” said Roger McNamee, a high-profile Silicon Valley investor who has become a sharp critic of Facebook. “They don’t do anything about it until massive harm has been done and they can no longer find a dodge. Facebook is clearly feeling pressure.” McNamee said Facebook’s business model depends on amplifying content that stimulates fear and outrage, and banning a few influential figures doesn't change that. "It is sacrificing a handful of the most visible extreme voices in order to protect a much larger number of users it needs to maximize profits," he said. The Menlo Park, Calif., company didn’t say what specific posts or actions led to the bans, though a spokesperson said that Jones, Yiannopoulos and Loomer have all recently promoted Gavin McInnes, founder of the violence-prone far-right group the Proud Boys, whom Facebook banned in October.

Note: What happened to freedom of speech guaranteed in the US Constitution? For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the manipulation of public perception.

Decades after DuPont and 3M first discovered that the perfluorinated chemicals making them fortunes could be transmitted from mothers to babies, millions of women around the world are passing dangerous amounts of these toxic compounds to their children, according to a report published on Monday. Women’s breast milk in many countries now contains chemicals belonging to a class of compounds known as PFAS at levels well above the safety thresholds set by governments, says the report from international environmental group IPEN. In Jordan, for instance, researchers found breast milk contained, on average, 144 parts per trillion of PFOA, according to a 2015 study. That’s more than double the 70 ppt health advisory level the U.S. Environmental Protection Agency set for that chemical in drinking water; more than seven times the 20 ppt drinking water safety level recently set by the state of Vermont; and more than 10 times the 14 ppt drinking water threshold the state of New Jersey proposed for PFOA earlier this month. One woman’s milk contained 1,120 ppt of PFOA, according to the Jordanian study, which also found that 96 percent of cow’s milk samples also contained PFOS and PFOA. PFAS chemicals — used in nonstick pans, firefighting foam, and hundreds of other products — have also been found in breast milk in at least 19 countries in Europe, Asia, and North America, according to a study published in November in Environmental Science and Pollution Research.

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

In 2015, Maryland’s main election system vendor was bought by a parent company with ties to a Russian oligarch. The state’s election officials did not know about the purchase until July 2018, when the FBI notified them of the potential conflict. The FBI investigated and did not find any evidence of tampering or sharing of voter data. But the incident was a giant red flag ... especially as many states have outsourced vote-counting to the private sector. Democracy in the United States is now largely a secretive and privately-run affair conducted out of the public eye with little oversight. The corporations that run every aspect of American elections, from voter registration to casting and counting votes by machine, are subject to limited state and federal regulation. The companies are privately-owned and closely held, making information about ownership and financial stability difficult to obtain. The software source code and hardware design of their systems are kept as trade secrets. A small network of companies ... have near-monopolies on election services, such as building voting machines. Across the spectrum, private vendors have long histories of errors that affected elections, of obstructing politicians and the public from seeking information, of corruption, suspect foreign influence, false statements of security and business dishonesty. The computer security world has been sounding the alarm since voting machines were adopted. Now lawmakers, election officials and national security experts are joining in.

Note: Computer scientists have shown nearly every make and model of electronic voting machine to be vulnerable to hacking. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.

In a national first in the fight against the opioid crisis, a major drug distribution company, its former chief executive and another top executive have been criminally charged in New York. Rochester Drug Co-Operative, one of the top 10 largest drug distributors in the United States, was charged Tuesday with conspiracy to violate narcotics laws, conspiracy to defraud the U.S., and willfully failing to file suspicious order reports. Laurence Doud III, the company's former chief executive, and William Pietruszewski, the company’s former chief compliance officer, are individually charged with conspiracy to distribute controlled substances and conspiracy to defraud the U.S.. Pietruszewski is also charged with willfully failing to file suspicious order reports with the Drug Enforcement Administration, or DEA. The U.S. attorney's office also filed a lawsuit against Rochester Drug Co-Operative on Tuesday seeking "penalties and injunctive relief." Between 2012 and 2016, Rochester Drug Co-Operative is accused of distributing tens of millions of doses of oxycodone, fentanyl and other opioids to pharmacies that its own compliance department found had no legitimate need for them. Prosecutors said Rochester Drug Co-Operative went against the DEA and its own policies and distributed drugs to pharmacies that were "filling controlled substances prescriptions issued by practitioners acting outside the scope of their medical practice, under investigation by law enforcement, or on RDC’s 'watch list.'"

Note: Many doctors also profited from excessive prescribing of dangerous opioids. And according to a former DEA agent, Congress helped drug companies fuel the opioid epidemic. For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

For almost 17 years, states and counties around the country have conducted elections on machines that have been repeatedly shown to be vulnerable to hacking, errors and breakdowns, and that leave behind no proof that the votes counted actually match the votes that were cast. Now ... states and counties across the country are working to replace these outdated machines with new ones. The purchases replace machines from the turn of the century that raise serious security concerns. But the same companies that made and sold those machines are behind the new generation of technology, and a history of distrust between election security advocates and voting machine vendors has led to a bitter debate over the viability of the new voting equipment. The draw of the new machines, called ballot-marking devices (BMD), is the promise of a paper ballot. But there are concerns with the integrity of the paper trail a BMD would create at every stage. Many BMD models on the market print a sort of two-in-one ballot with one section to be read by machines and another to be read by humans. Barcodes – or QR codes – that represent a voter’s choices are printed on the ballot along with plain text showing, presumably, the same information in a way people can understand. When the ballot is scanned, it is the barcode that is scanned and counted, not the text that voters can read. If a barcode is printed that represents a different choice, or the scanners were hacked, voters would not know the difference.

Note: Computer scientists have shown nearly every make and model of electronic voting machine to be vulnerable to hacking. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.

Not only is Alexa listening when you speak to an Echo smart speaker, an Amazon employee is potentially listening, too. Amazon (AMZN) employs a global team that transcribes the voice commands captured after the wake word is detected and feeds them back into the software ... Bloomberg reports. Amazon reportedly employs thousands of full-time workers and contractors in several countries, including the United States, Costa Rica and Romania, to listen to as many as 1,000 audio clips in shifts that last up to nine hours. The audio clips they listen to were described as "mundane" and even sometimes "possibly criminal," including listening to a potential sexual assault. In a response to the story, Amazon confirmed to CNN Business that it hires people to listen to what customers say to Alexa. Amazon doesn't "explicitly" tell Alexa users that it employs people to listen to the recordings. Amazon said in its frequently asked question section that it uses "requests to Alexa to train our speech recognition and natural language understanding systems." People can opt out of Amazon using their voice recordings to improve the software in the privacy settings section of the Alexa app. Alexa auditors don't have access to the customers' full name or address, but do have the device's serial number and the Amazon account number associated with the device. Amazon previously has been embroiled in controversy for privacy concerns regarding Alexa.

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

American shoppers are reaching for healthier, more environmentally and animal-friendly meat products, with 39 percent saying “all-natural” is the most important claim when purchasing red meat. But there’s one problem: The U.S. Department of Agriculture says that when it comes to meat and poultry, the term “natural” means only that the product has no artificial ingredients and has been minimally processed. It doesn’t mean anything when it comes to antibiotics, hormones or preservatives. Companies such as Tyson Foods Inc., Pilgrim’s Pride Corp. and Hormel Foods Corp. have been snapping up smaller, outwardly progressive competitors. At the same time, however, some of the major meat companies have been offering their own products as “natural,” replete with labels featuring blue skies and green fields. On April 8, the Superior Court of the District of Columbia - a jurisdiction with stringent consumer protection laws - dismissed a lawsuit by the Animal Legal Defense Fund (ALDF) alleging Hormel was misleading consumers. The court held that as long as manufacturer labels are approved by the USDA, the advertising can use the “natural” claims. In statements disclosed in the filing, a company executive said the same pigs it uses to make its famous Spam brand meat product are also used in Natural Choice pork products. Those pigs are often given antibiotics and are rarely allowed outdoors. “It’s a massive attempt to manipulate and dupe the consumer,” said David Muraskin, a food project attorney.

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

In his annual letter to shareholders, distributed last week, JPMorgan Chase CEO Jamie Dimon took aim at socialism, warning it would be “a disaster for our country,” because it produces “stagnation, corruption and often worse.” Dimon should know. He was at the helm when JPMorgan received a $25bn socialist-like bailout in 2008, after it and other Wall Street banks almost tanked because of their reckless loans. Dimon subsequently agreed to pay the government $13bn to settle charges that the bank overstated the quality of mortgages it was selling. According to the Justice Department, JPMorgan acknowledged it had regularly and knowingly sold mortgages that should have never been sold. To state it another way, Dimon and other Wall Street CEOs helped trigger the 2008 financial crisis when the dangerous and irresponsible loans their banks were peddling – on which they made big money – finally went bust. But instead of letting the market punish the banks (which is what capitalism is supposed to do) the government bailed them out and eventually levied paltry fines which the banks treated as the cost of doing business. Call it socialism for rich bankers. America’s five biggest banks, including Dimon’s, now control 46% of all deposits, up from 12% in the early 1990s. But, of course, Dimon isn’t really ... concerned about socialism. Dimon’s real concern is that America may end the kind of socialism he and other denizens of the Street depend on – bailouts, regulatory loopholes, and tax breaks.

Note: The above was written by former US secretary of labor Robert Reich. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.

American billionaires are calling for changes to the system that enabled them to get rich. Warren Buffett, Jamie Dimon, Ray Dalio, Bill Gates and a list of others say that capitalism in its current form simply doesn’t work for the rest of the United States. Some of their remedies involve higher taxes. Hedge fund titan Ray Dalio is the most recent to criticize the current economic system. On Monday, the Bridgewater founder told CNBC that while it doesn’t need to be destroyed, capitalism does need to present an equal opportunity, which Dalio said he received through public education. The issue chafing billionaires and politicians alike is a growing income gap. The inequality between rich and poor Americans is as high as it was in late 1930s, Dalio pointed out in a paper posted online. The wealth of the top 1 percent of the population is now more than that of the bottom 90 percent of the population combined. Dalio called growing inequality and lack of investment in public education “an existential risk for the U.S.” Berkshire Hathaway CEO Warren Buffett - third on Forbe’s 2019 billionaires list - has repeatedly said the wealthy should be taxed more. In 2006, the CEO committed to give all of his Berkshire Hathaway stock to philanthropic foundations. He and Bill and Melinda Gates have asked hundreds of wealthy Americans to pledge at least 50 percent of their wealth to charity in the so-called “the Giving Pledge.” There are now 190 people signed on, including Facebook CEO Mark Zuckerberg and Netflix CEO Reed Hastings.

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

Last May, an elderly man was admitted to the Brooklyn branch of Mount Sinai Hospital for abdominal surgery. A blood test revealed that he was infected with a newly discovered germ as deadly as it was mysterious. Doctors swiftly isolated him in the intensive care unit. The germ, a fungus called Candida auris, preys on people with weakened immune systems, and it is quietly spreading across the globe. Recently C. auris reached New York, New Jersey and Illinois, leading the federal Centers for Disease Control and Prevention to add it to a list of germs deemed “urgent threats.” C. auris is so tenacious, in part, because it is impervious to major antifungal medications, making it a new example of one of the world’s most intractable health threats: the rise of drug-resistant infections. For decades, public health experts have warned that the overuse of antibiotics was reducing the effectiveness of drugs that have lengthened life spans by curing bacterial infections once commonly fatal. But lately, there has been an explosion of resistant fungi as well. Yet as the problem grows, it is little understood by the public — in part because the very existence of resistant infections is often cloaked in secrecy. With bacteria and fungi alike, hospitals and local governments are reluctant to disclose outbreaks for fear of being seen as infection hubs. Even the C.D.C., under its agreement with states, is not allowed to make public the location or name of hospitals involved in outbreaks.

Note: For more on this new disease, see this article. For more along these lines, see concise summaries of deeply revealing health news articles 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.