Corporate Corruption Media Articles

Excerpts of Key Corporate Corruption Media Articles in Major Media

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A global network of powerful entities, fueled in part by Wall Street, is buying up land and water around the world. This global land rush has led to wrecked wells and lost farms from Arizona to Zambia – and it risks sowing the seeds for future global conflict, according to "The Grab," a new documentary out today from Gabriela Cowperthwaite. The film follows a seven-year investigation by producer and journalist Nathan Halverson of The Center for Investigative Reporting. In part, "The Grab" argues that power is being exercised over individual landowners by a convoluted and opaque network of sovereign wealth funds, national governments and Wall Street. One critical focus of this push is Africa. Halverson interviewed Brig Siachitema, an activist in the Zambian town of Serenje, where he says foreign investors have been buying up the ancestral land of villagers and kicking them off it. Late in the movie, he presents La Paz County Supervisor Holly Irwin with evidence that the Arizona State Retirement System – her own pension fund – is invested in the project that is draining the aquifer beneath the county. Rather than fighting to protect U.S. land and food from other multinational corporations, "the governments are working for the corporations." There are enough calories worldwide to feed a growing global population, even with climate change, and even in 2050. The race to lock down resources, and governments' panic over the unrest caused by spiking food prices, risks scaling up to a war between great powers.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in the financial system and in the corporate world from reliable major media sources.

OpenAI on Thursday announced its newest board member: Paul M. Nakasone, a retired U.S. Army general and former director of the National Security Agency. Nakasone was the longest-serving leader of the U.S. Cyber Command and chief of the Central Security Service. The company said Nakasone will also join OpenAI's recently created Safety and Security Committee. The committee is spending 90 days evaluating the company's processes and safeguards before making recommendations to the board and, eventually, updating the public, OpenAI said. OpenAI is bolstering its board and its C-suite as its large language models gain importance across the tech sector and as competition rapidly emerges in the burgeoning generative artificial intelligence market. While the company has been in hyper-growth mode since late 2022, when it launched ChatGPT, OpenAI has also been riddled with controversy and high-level employee departures. The company said Sarah Friar, previously CEO of Nextdoor and finance chief at Square, is joining as chief financial officer. OpenAI also hired Kevin Weil, an ex-president at Planet Labs, as its new chief product officer. Weil was previously a senior vice president at Twitter and a vice president at Facebook and Instagram. Weil's product team will focus on "applying our research to products and services that benefit consumers, developers, and businesses," the company wrote.

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

The Grab [is] a riveting new documentary which outlines the move by national governments, financial investors and private security forces to snap up food and water resources. What oil was to the 20th century, food and water will be to the 21st – precious, geopolitically powerful and contested. "The 20th century had Opec," says [Nate] Halverson ... a journalist with the Center for Investigative Reporting. "In the future, we're going to have Food Pec. [In] rural La Paz county, Arizona, a Saudi company bought about 15 square miles of farmland [and] drained the region's aquifers beyond a generation's worth of rain. Residents describe going without water, discovering empty wells, their houses cracked and sinking, with little recourse. The film connects their confusion to the despair of Zambian farmers displaced, via a complicated and westernized deeds system, by mercenary militias to make way for commercial farmland controlled by outside actors from various countries – China, Gulf states, the US. The culprit is not one country or company but a shadowy network of mercenary interests. Halverson and his team [obtained] ... a year's worth of emails within the private equity firm Frontier Resource Group, founded by Erik Prince, who also founded and was the CEO of the military contracting company Blackwater – a notorious mercenary group during the US invasion of Iraq. The emails, from 2012, reveal a clear plan to obtain, by whatever means necessary, land in Africa to fulfill competing national interests. "I just want people to have great information ... because right now the people that have this information are the CIA, and Wall Street, and foreign governments and very wealthy people."

Note: Why is the founder of Blackwater, a US defense contractor tied to countless scandals and criminal activities, buying up land in Africa? For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.

The pharma firms behind blockbuster weight loss drugs could face up to 10,000 lawsuits from patients who claim the drugs caused debilitating side effects like stomach paralysis and 'tearing holes' in the food pipe. Ozempic and sister shots like Wegovy and Mounjaro have recently come under fire over claims that the injections cause a roster of complications patients were allegedly not warned about. One woman told DailyMail.com that she suffered life-threatening stomach paralysis after taking Mounjaro, and has now joined a massive lawsuit against its maker Eli Lilly and Ozempic manufacturer Novo Nordisk. She claims she may never eat a solid meal again. Another said Ozempic caused so much internal damage she had to have her gallbladder removed, while another said the drug induced such violent vomiting it tore a hole in her esophagus. Now, Robert Peirce & Associates, a law firm based in Pittsburgh, estimates that the number of plaintiffs could explode to as many as 10,000. In addition to lawsuits, some patients have also claimed the drugs caused suicidal thoughts, psychosis, and appearance issues like deflated breasts. 'Unfortunately, the manufacturers of Ozempic and other GLP-1 agonists failed to adequately warn of the associated risks,' the Robert Peirce & Associates team wrote. Attorney Ken Moll ... said it was 'unconscionable' that the firms still hadn't added warnings to their labels which warn about the risk of gastroparesis and stomach paralysis.

Note: It is now estimated that 1 in 8 adults in the US have taken Ozempic or another weight-loss drug. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

An analysis from Accountable.US showed how more than 100 million people who rent their homes in the U.S. are not seeing the benefits of what one Biden spokesperson called "the great American comeback" in their housing costs, particularly millions of people whose homes are owned by corporate landlords. The government watchdog found that the six largest corporate landlord companies brought in close to a combined $300 million in increased profits in the first quarter of 2024, with the profits mostly stemming from rent hikes. Overall in the U.S., rent prices have skyrocketed by 31.4% since 2019 while wages have increased by just 23%, meaning tenants need to earn nearly $80,000 per year to keep from being rent-burdened. The six companies included in the Accountable.US analysis on Wednesday have more than rent increases in common: They have all faced lawsuits regarding their use of the property management software company RealPage, which is alleged to have used an algorithm to fix rent prices, impacting about 16 million rental units in the United States. The group's analysis was released weeks after the Federal Bureau of Investigation conducted a raid on an Atlanta-based property management firm in the Department of Justice's antitrust investigation into RealPage regarding "allegations of a nationwide conspiracy to artificially inflate apartment rents." RealPage's ... influence covers 70% of multifamily apartment buildings.

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

A court in the United States has found multinational fruit company Chiquita Brands International liable for financing a Colombian paramilitary group. The group, the United Self-Defence Forces of Colombia (AUC), was designated by the US as a terrorist organisation at the time. Following a civil case brought by eight Colombian families whose relatives were killed by the AUC, Chiquita has been ordered to pay $38.3m (Ł30m) in damages to the families. The AUC engaged in widespread human rights abuses in Colombia, including murdering people it suspected of links with left-wing rebels. The victims ranged from trade unionists to banana workers. The case was brought by the families after Chiquita pleaded guilty in 2007 to making payments to the AUC. During the 2007 trial, it was revealed that Chiquita had made payments amounting to more than $1.7m to the AUC in the six years from 1997 to 2004. The banana giant said that it began making the payments after the leader of the AUC at the time, Carlos Castaño, implied that staff and property belonging to Chiquita's subsidiary in Colombia could be harmed if the money was not forthcoming. The AUC claimed to have been created to defend landowners from ... left-wing rebels, the paramilitary group more often acted as a death squad for drug traffickers. At its height, it had an estimated 30,000 members who engaged in intimidation, drug trafficking, extortion, forced displacement and killings.

Note: Read more about Chiquita's payments to this Colombian paramilitary group. Chiquita succeeded the United Fruit Company, which once owned most of the land in Guatemala and had close ties with the CIA. When Guatemala's democratically elected president aimed to nationalize land, US covert operations installed a military dictator, returning the land to United Fruit. This led to a bloody 40-year civil war and a series of repressive military regimes, armed with CIA-funded weapons.

Food costs have skyrocketed. Americans paid roughly 25 percent more on groceries and dining out this March than they paid in January 2020, outpacing the rate of general inflation. Over that same period, the companies behind the country's 10 largest grocery and restaurant brands have together returned or pledged to return more than $77 billion to shareholders. The Department of Agriculture calculates that the average American spent 11 percent of their disposable income on food in 2022, the highest amount in nearly four decades. Grocery prices rose over 10 percent that year alone, the largest annual increase since the 1970s. According to an analysis by Food and Water Watch, a corporate watchdog group, food costs for an average family of four living on a "thrifty" budget increased 50 percent from January 2020 to January 2024, from $654 to $976 a month. The number of households facing food insecurity grew by 3.5 million between 2020 and 2022. Some 28 million adults in America lack constant access to enough food to lead an active and healthy life, forcing them to eat unbalanced diets, cut portion sizes, and skip meals. The nation's biggest food processors and retailers [are] spending billions of their record profits buying back their own shares on the open market to inflate stock value and issuing generous dividends. The main purpose of buybacks is to enrich senior corporate executives and hedge-fund managers.

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

"Agency intervention is necessary to stop the existential threat Google poses to original content creators," the News/Media Alliance–a major news industry trade group–wrote in a letter to the Department of Justice (DOJ) and the Federal Trade Commission (FTC). It asked the agencies to use antitrust authority "to stop Google's latest expansion of AI Overviews," a search engine innovation that Google has been rolling out recently. Overviews offer up short, AI-generated summaries paired with brief bits of text from linked websites. Overviews give "comprehensive answers without the user ever having to click to another page," the The New York Times warns. And this worries websites that rely on Google to drive much of their traffic. "It potentially chokes off the original creators of the content," Frank Pine, executive editor of MediaNews Group and Tribune Publishing (owner of 68 daily newspapers), told the Times. Media websites have gotten used to Google searches sending them a certain amount of traffic. But that doesn't mean Google is obligated to continue sending them that same amount of traffic forever. It is possible that Google's pivot to AI was hastened by how hostile news media has been to tech companies. We've seen publishers demanding that search engines and social platforms pay them for the privilege of sharing news links, even though this arrangement benefits publications (arguably more than it does tech companies) by driving traffic.

Note: For more along these lines, see concise summaries of deeply revealing news articles on artificial intelligence controversies from reliable major media sources.

New data from the National Institutes of Health reveal the agency and its scientists collected $710 million in royalties during the pandemic, from late 2021 through 2023. These are payments made by private companies, like pharmaceuticals, to license medical innovations from government scientists. Almost all that cash – $690 million – went to the National Institute of Allergy and Infectious Diseases, the subagency led by Dr. Anthony Fauci, and 260 of its scientists. Information about this vast private royalty complex is tightly held by the National Institutes of Health (NIH). My organization, OpenTheBooks.com, was forced to sue to uncover the royalties paid from September 2009 to October 2021, which amounted to $325 million over 56,000 transactions. Payments skyrocketed during the pandemic era: Those years saw more than double the amount of cash flow to NIH from the private sector, compared to the prior 12 combined. All told, it's $1.036 billion. NIH is still redacting pieces of the data that would help us more easily connect therapeutics with their government-paid inventors. For example, they refuse to show us the amount of royalties paid to each individual scientist. So we still can't entirely follow the money. In the meantime, Sen. Rand Paul (R-Ky.) has sponsored the Royalty Transparency Act, which sailed unanimously through the committee process and deserves a floor vote immediately.

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

Once upon a time, Google was great. They intensively monitored what people searched for, and then used that information continually to improve the engine's performance. Their big idea was that the information thus derived had a commercial value; it indicated what people were interested in and might therefore be of value to advertisers who wanted to sell them stuff. Thus was born what Shoshana Zuboff christened "surveillance capitalism", the dominant money machine of the networked world. The launch of generative AIs such as ChatGPT clearly took Google by surprise, which is odd given that the company had for years been working on the technology. The question became: how will Google respond to the threat? Now we know: it's something called AI overviews, in which an increasing number of search queries are initially answered by AI-generated responses. Users have been told that glue is useful for ensuring that cheese sticks to pizza, that they could stare at the sun for for up to 30 minutes, and that geologists suggest eating one rock per day. There's a quaint air of desperation in the publicity for this sudden pivot from search engine to answerbot. The really big question about the pivot, though, is what its systemic impact on the link economy will be. Already, the news is not great. Gartner, a market-research consultancy, for example, predicts that search engine volume will drop 25% by 2026 owing to AI chatbots and other virtual agents.

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

HouseFresh.com ... started in 2020 by Gisele Navarro and her husband, based on a decade of experience writing about indoor air quality products. They filled their basement with purifiers, running rigorous science-based tests ... to help consumers sort through marketing hype. HouseFresh is an example of what has been a flourishing industry of independent publishers producing exactly the sort of original content Google says it wants to promote. The website grew into a thriving business with 15 full-time employees. In September 2023, Google made one in a series of major updates to the algorithm that runs its search engine. The second Google algorithm update came in March, and it was even more punishing. "It decimated us," Navarro says. "Suddenly the search terms that used to bring up HouseFresh were sending people to big lifestyle magazines that clearly don't even test the products." HouseFresh's thousands of daily visitors dwindled to just hundreds. Over the last few weeks, HouseFresh had to lay off most of its team. Results for popular search terms are crowded with websites that contain very little useful information, but tonnes of ads and links to retailers that earn publishers a share of profits. "Google's just committing war on publisher websites," [search engine expert Lily] Ray says. "It's almost as if Google designed an algorithm update to specifically go after small bloggers. I've talked to so many people who've just had everything wiped out." A number of website owners and search experts ... said there's been a general shift in Google results towards websites with big established brands, and away from small and independent sites, that seems totally disconnected from the quality of the content.

Note: These changes to Google search have significantly reduced traffic to WantToKnow.info and other independent media outlets. Read more about Google's bias machine, and how Google relies on user reactions rather than actual content to shape search results. For more along these lines, read our concise summaries of news articles on censorship and Big Tech.

Sara needed some chocolate - she had had one of those days - so wandered into a Home Bargains store. "Within less than a minute, I'm approached by a store worker who comes up to me and says, 'You're a thief, you need to leave the store'." Sara ... was wrongly accused after being flagged by a facial-recognition system called Facewatch. She says after her bag was searched she was led out of the shop, and told she was banned from all stores using the technology. Facewatch later wrote to Sara and acknowledged it had made an error. Facewatch is used in numerous stores in the UK. It's not just retailers who are turning to the technology. On the day we were filming, the Metropolitan Police said they made six arrests with the assistance of the tech. 192 arrests have been made so far this year as a result of it. But civil liberty groups are worried that its accuracy is yet to be fully established, and point to cases such as Shaun Thompson's. Mr Thompson, who works for youth-advocacy group Streetfathers, didn't think much of it when he walked by a white van near London Bridge. Within a few seconds, he was approached by police and told he was a wanted man. But it was a case of mistaken identity. "It felt intrusive ... I was treated guilty until proven innocent," he says. Silkie Carlo, director of Big Brother Watch, has filmed the police on numerous facial-recognition deployments. She says that anyone's face who is scanned is effectively part of a digital police line-up.

Note: For more along these lines, see concise summaries of deeply revealing news articles on artificial intelligence controversies from reliable major media sources.

Ask Google if cats have been on the moon and it used to spit out a ranked list of websites so you could discover the answer for yourself. Now it comes up with an instant answer generated by artificial intelligence - which may or may not be correct. "Yes, astronauts have met cats on the moon, played with them, and provided care," said Google's newly retooled search engine. It added: "For example, Neil Armstrong said, ‘One small step for man' because it was a cat's step. Buzz Aldrin also deployed cats on the Apollo 11 mission." None of this is true. Similar errors – some funny, others harmful falsehoods – have been shared on social media since Google this month unleashed AI overviews, a makeover of its search page that frequently puts the summaries on top of search results. It's hard to reproduce errors made by AI language models – in part because they're inherently random. They work by predicting what words would best answer the questions asked of them based on the data they've been trained on. They're prone to making things up – a widely studied problem known as hallucination. Another concern was a deeper one – that ceding information retrieval to chatbots was degrading the serendipity of human search for knowledge, literacy about what we see online, and the value of connecting in online forums with other people who are going through the same thing.Those forums and other websites count on Google sending people to them, but Google's new AI overviews threaten to disrupt the flow of money-making internet traffic.

Note: Read more about the potential dangers of Google's new AI tool. For more along these lines, see concise summaries of deeply revealing news articles on artificial intelligence controversies from reliable major media sources.

After receiving more than $3.8 million in 2024 campaign donations from political action committees and individuals associated with the military industry, members of the House committee overseeing Pentagon spending just inserted two provisions into an upcoming bill that would exempt many more private products and services from competitive pricing guidelines and provide contractors far more leeway in what they can charge the Defense Department. Last year's Pentagon spending bill totaled nearly $884 billion. Over the past decade, more than half of that budget has gone to military contractors. Many of the top military contractors – including Boeing, RTX Corporation, Lockheed Martin, General Dynamics, and Northrop Grumman – have seen sizable stock-value increases since the war in Gaza began in October 2023 while shooting down shareholder efforts at increased transparency. The provisions in the 2025 Pentagon spending bill are part of the 344-page National Defense Authorization Act of 2025 (NDAA). The provisions in question – Sections 811 and 812 – make good on a wishlist of policy changes that many military companies have been lobbying on for years. "As a member of the House Armed Services Committee, I'm disappointed to see provisions in the NDAA that would allow contractors to further obscure pricing data," Rep. Ro Khanna [said]. "This would lead to more inflated costs and waste taxpayer money when we could be investing it instead."

Note: Learn more about unaccountable military spending in our comprehensive Military-Intelligence Corruption Information Center. For more, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.

Amazon has been accused of using "intrusive algorithms" as part of a sweeping surveillance program to monitor and deter union organizing activities. Workers at a warehouse run by the technology giant on the outskirts of St Louis, Missouri, are today filing an unfair labor practice charge with the National Labor Relations Board (NLRB). A copy of the charge ... alleges that Amazon has "maintained intrusive algorithms and other workplace controls and surveillance which interfere with Section 7 rights of employees to engage in protected concerted activity". There have been several reports of Amazon surveilling workers over union organizing and activism, including human resources monitoring employee message boards, software to track union threats and job listings for intelligence analysts to monitor "labor organizing threats". Artificial intelligence can be used by warehouse employers like Amazon "to essentially have 24/7 unregulated and algorithmically processed and recorded video, and often audio data of what their workers are doing all the time", said Seema N Patel ... at Stanford Law School. "It enables employers to control, record, monitor and use that data to discipline hundreds of thousands of workers in a way that no human manager or group of managers could even do." The National Labor Relations Board issued a memo in 2022 announcing its intent to protect workers from AI-enabled monitoring of labor organizing activities.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.

More than a dozen countries require that companies print nutritional labels on the front of food packages – a move that's come as the rate of diet-related diseases, like hypertension, type 2 diabetes, heart disease, stroke and obesity, increases worldwide. So far, the United States does not require any front-of-package nutrition labels. But that could soon change. The US Food and Drug Administration is currently developing front-of-package labels that it could require corporations to begin printing as early as 2027. Despite significant opposition from food companies ... the FDA is evaluating different mandatory label designs to determine which is most effective at informing consumers, but also which is legal under US corporate free speech laws. The labels under consideration by the FDA ... mark only "nutrients of concern", like sugar and sodium – not-ultra processed foods. But many advocates say that should change. UPFs are industrially formulated products made out of substances extracted from foods, like sugars, salts, hydrogenated fats, bulking agents and starches. Today, UPFs make up 73% of the US food supply, according to Northeastern University's Network Science Institute, and provide the average US adult with more than 60% of their daily calories. But research is increasingly linking UPFs to a whole host of health issues: from cardiovascular disease and type 2 diabetes to colorectal cancer and depression.

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

Automated fast food restaurant CaliExpress by Flippy, in Pasadena, Calif., opened in January to considerable hype due to its robot burger makers, but the restaurant launched with another, less heralded innovation: the ability to pay for your meal with your face. CaliExpress uses a payment system from facial ID tech company PopID. It's not the only fast-food chain to employ the technology. Biometric payment options are becoming more common. Amazon introduced pay-by-palm technology in 2020, and while its cashier-less store experiment has faltered, it installed the tech in 500 of its Whole Foods stores last year. Mastercard, which is working with PopID, launched a pilot for face-based payments in Brazil back in 2022, and it was deemed a success – 76% of pilot participants said they would recommend the technology to a friend. As stores implement biometric technology for a variety of purposes, from payments to broader anti-theft systems, consumer blowback, and lawsuits, are rising. In March, an Illinois woman sued retailer Target for allegedly illegally collecting and storing her and other customers' biometric data via facial recognition technology without their consent. Amazon and T-Mobile are also facing legal actions related to biometric technology. In other countries ... biometric payment systems are comparatively mature. Visitors to McDonald's in China ... use facial recognition technology to pay for their orders.

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

Google announced this week that it would begin the international rollout of its new artificial intelligence-powered search feature, called AI Overviews. When billions of people search a range of topics from news to recipes to general knowledge questions, what they see first will now be an AI-generated summary. While Google was once mostly a portal to reach other parts of the internet, it has spent years consolidating content and services to make itself into the web's primary destination. Weather, flights, sports scores, stock prices, language translation, showtimes and a host of other information have gradually been incorporated into Google's search page over the past 15 or so years. Finding that information no longer requires clicking through to another website. With AI Overviews, the rest of the internet may meet the same fate. Google has tried to assuage publishers' fears that users will no longer see their links or click through to their sites. Research firm Gartner predicts a 25% drop in traffic to websites from search engines by 2026 – a decrease that would be disastrous for most outlets and creators. What's left for publishers is largely direct visits to their own home pages and Google referrals. If AI Overviews take away a significant portion of the latter, it could mean less original reporting, fewer creators publishing cooking blogs or how-to guides, and a less diverse range of information sources.

Note: WantToKnow.info traffic from Google search has fallen sharply as Google has stopped indexing most websites. These new AI summaries make independent media sites even harder to find. For more along these lines, see concise summaries of deeply revealing news articles on AI and Big Tech from reliable major media sources.

The Biden administration suspended federal funding to the scientific nonprofit whose research is at the center of credible theories that the COVID-19 pandemic was started via a lab leak at the Wuhan Institute of Virology. The U.S. Department of Health and Human Services (HHS) announced that it was immediately suspending three grants provided to the New York-based nonprofit EcoHealth Alliance (EHA) as it starts the process of debarring the organization from receiving any federal funds. For years now, EcoHealth has generated immense controversy for its use of federal grant money to support gain-of-function research on bat coronaviruses at the Wuhan lab. HHS said that EcoHealth had failed to properly monitor the work it was supporting at Wuhan. It also failed to properly report on the results of experiments showing that the hybrid viruses it was creating there had an improved ability to infect human cells. In testimony to the House's coronavirus subcommittee, [EcoHealth President Peter ] Daszak claimed that EcoHealth attempted to report the results of its gain-of-function experiments on time in 2019, but was frozen out of NIH's reporting system. [An] HHS memo released today says a forensic investigation found no evidence that EcoHealth was locked out of NIH's reporting system. The department also said that EcoHealth had failed to produce requested lab notes and other materials from the Wuhan lab detailing the work being done there.

Note: Watch our 15-min Mindful News Brief video on the strong evidence that bioweapons research created COVID-19. For more along these lines, see concise summaries of deeply revealing news articles on COVID and government corruption from reliable major media sources.

As Wall Street buys up entire neighborhood blocks, driving up corporate purchases of single-family homes to historic highs, housing advocates warn companies ... are harming their tenants and pricing out would-be homebuyers. Now policymakers in states across the country and Washington, DC, are finally beginning to push back – but they're facing the might of a powerful new single-family rental lobby. Driven by the pandemic-era real estate boom, corporate landlords are ramping up their purchases of assets like apartment buildings and mobile home communities nationwide. They're especially active in fast-growing Sun Belt markets like Phoenix and Atlanta, where more than a third of homes on the market are now being purchased by private equity firms like Blackstone or dedicated single-family rental companies. Even Amazon founder Jeff Bezos has entered the single-family housing market. Critics say that such companies' encroaching presence in the housing market and their focus on short-term profits are pricing out first-time homebuyers and gentrifying neighborhoods, contributing to an ongoing housing crisis. A 2022 study by federal lawmakers found that five major rental companies hiked their fees by 40 percent over a three-year period and saw their tenants fall behind in rent. In California, the state's largest corporate landlord, Invitation Homes, was forced to pay $2 million in sanctions after the state attorney general found it was charging tenants illegally high rents.

Note: Read about the shadowy global interests buying up land all over the US. For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption and income inequality 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.