Corporate Corruption News Articles

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The American Medical Association's new training on pain management arrived in the midst of a burgeoning crisis. It was September 2007, and doctors were prescribing enough opioid painkillers each year for every American adult to have a bottle of the addictive pills. Overdoses were at a historic high and showed no signs of slowing down. Just four months earlier, executives at Purdue Pharma had pleaded guilty to felony charges for misleading regulators and physicians about the dangers of OxyContin. In light of this news, one might have expected the AMA ... to bring attention to the crisis in its newly updated continuing education course on how to treat pain. Instead, the 12-module training suggested that doctors were still too tentative about prescribing narcotics. "The effectiveness of opioid therapy may be undermined by misconceptions about their risks, particularly risks associated with abuse and addiction," read materials from one session. Down in the fine print, the AMA-branded course materials reveal that the training's development and distribution was made possible by an educational grant from Purdue Pharma. By now, the story of how Purdue Pharma sowed the seeds for the overdose crisis is the stuff of history books. But the years of Purdue's involvement with the AMA have been strangely absent from that narrative. Between 2002 and 2018, the AMA and the organization's philanthropic arm, the AMA Foundation, received more than $3 million from Purdue Pharma.

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

Billions of dollars in Covid aid cushioned financial losses caused by the pandemic at some of the nation's largest hospital chains. But those bailouts also helped sustain the big chains' spending sprees as they expanded even more by scooping up weakened competitors and doctors' practices. More consolidation by several major hospital systems enhanced their market prowess in many regions of the United States, even as rural hospitals and underserved communities were overwhelmed with Covid patients and struggled to stay afloat. The buying spree is likely to prompt further debate and scrutiny of the Provider Relief Fund, a package of $178 billion in congressional aid that drew sharp criticism early on for allocating so much to the wealthiest hospital systems, and that had no limits on mergers and acquisitions. "It was not the intent to be a capital infusion to the largest and most financially stable providers to allow them to simply grow their slice of market share," said Representative Katie Porter. Major employers had warned Congress that bailouts to the health care industry could spur even more consolidation and lead to price-gouging in medical care. Some of the nation's most powerful hospital chains, experts cautioned, would take advantage of the crisis, resulting in even higher prices for medical care. The big well-resourced hospitals had, frankly, a banner year, and they are now in a position to swallow up these smaller, more vulnerable groups.

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

Covid-19 vaccines have created at least nine new billionaires after shares in companies producing the shots soared. Topping the list of new billionaires are Moderna CEO Stéphane Bancel and Ugur Sahin, the CEO of BioNTech, which has produced a vaccine with Pfizer (PFE). Both CEOs are now worth around $4 billion, according to an analysis by the People's Vaccine Alliance, a campaign group that includes Oxfam, UNAIDS, Global Justice Now and Amnesty International. Senior executives from China's CanSino Biologics and early investors in Moderna have also become billionaires on paper as shares skyrocketed, partly in expectation of profits earned from Covid vaccines, which also bode well for the companies' future prospects. Moderna's share price has gained more than 700% since February 2020, while BioNTech has surged 600%. CanSino Biologics' stock is up about 440% over the same period. The company's single-dose Covid-19 vaccine was approved for use in China in February. Activists said the wealth generation highlighted the stark inequality that has resulted from the pandemic. The nine new billionaires are worth a combined $19.3 billion. According to the World Health Organization, 87% of vaccine doses have gone to high- or upper middle-income countries, while low income countries have received just 0.2%. In a paper published Friday, IMF chief economist Gita Gopinath said that vaccinating 60% of the global population by mid-2022 would cost just $50 billion.

Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines and income inequality from reliable major media sources.

The drug that buoyed expectations for a coronavirus treatment and drew international attention for Gilead Sciences, remdesivir, started as a reject. To make progress, Gilead needed help from U.S. taxpayers. Lots of help. Three federal health agencies were deeply involved in remdesivir’s development every step of the way, providing tens of millions of dollars of government research support. Federal agencies have not asserted patent rights to Gilead’s drug. That means Gilead will have few constraints other than political pressure when it sets a price. “Without direct public investment and tax subsidies, this drug would apparently have remained in the scrapheap of unsuccessful drugs,” Rep. Lloyd Doggett (D-Tex.) ... said earlier this month. Doggett and Rep. Rosa L. DeLauro (D-Conn.) have asked Health and Human Services Secretary Alex Azar for a detailed financial accounting of federal support for remdesivir’s discovery and development. Watchdog groups ... have documented the large taxpayer-funded contributions toward the drug. Public Citizen estimates public investment at a minimum of $70 million. An independent organization that measures the cost-effectiveness of drugs said Gilead could be justified in charging up to $4,500 for a 10-day course of treatment for a single coronavirus patient. But advocates, citing a study by academic researchers on what it costs to make the drug, have said Gilead could break even by charging $1 per dose.

Note: According to this CNBC article Gilead is charging from $2,000 to $3,120 per patient despite huge subsidies. Gilead is the same company which developed Tamiflu and licensed it to Roche. Aggressive sales of Tamiflu to governments around the world brought profits of over $1 billion yet almost none of the doses sold were ever used, as described in this Reuters article. The study that is being used to tout Remdesivir was conducted by none other than Gilead. Could there be conflict of interest here? For more, see summaries of revealing news articles on big Pharma corruption.

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.

A plot of Wall Street interests to overthrow President Roosevelt and establish a Fascist dictatorship, backed by a private army of 500,000 ex-soldiers and others, was charged by Major Gen. Smedley D. Butler, retired Marine Corps officer, who appeared yesterday before the House of Representatives Committee on Un-American Activities, which began hearings on the charges. [The committee] heard testimony from General Butler and Gerald P. Maguire, a bond salesman in the Stock Exchange firm of Grayson M.P. Murphy & Co., 52 Broadway, named by General Butler as having urged him to head the proposed Fascist army. There were immediate emphatic denials by the purported plotters. From Philadelephia came word that General Butler had told friends there that General Hugh S. Johnson, former NRA administrator, was scheduled for the role of dictator, and that J. P. Morgan & Co. as well as Murphy & Co. were behind the plot.

Note: General Butler, who was greatly loved by his troops, only discovered how he and his troops had been used by Wall Street bankers after retiring from the military. As a result, he wrote a seminal book titled "War is a Racket" for which you can find an excellent summary on this webpage. Explore a suppressed book on this titled "The Plot to Seize the White House." For more along these lines, see concise summaries of deeply revealing news articles on war from reliable major media sources. Then explore the excellent, reliable resources provided in our War Information Center.

On Thursday, lawmakers in the House approved a "pilot program" in the pending Pentagon budget bill that could eventually open the door to sending billions to big contractors, while providing what critics say would be little benefit to the military. The provision, which appeared in the budget bill after a closed-door session overseen by top lawmakers, would allow contractors to claim reimbursement for the interest they pay on debt they take on to build weapons and other gadgets for the armed services. One big defense contractor alone, Lockheed Martin, reported having more than $17.8 billion in outstanding interest payments last year, said Julia Gledhill, an analyst at the nonprofit Stimson Center. "The fact that we are even exploring this question is a little crazy in terms of financial risk for the government," Gledhill said. Gledhill said even some Capitol Hill staffers were "scandalized" to see the provision in the final bill, which will likely be approved by the Senate. The switch to covering financing costs seems to be in line with a larger push this year to shake up the defense industry. The Pentagon itself was dubious in a 2023 study conducted by the Office of the Under Secretary of Defense for Acquisition and Sustainment. The Pentagon found that policy change might even supercharge the phenomenon of big defense contractors using taxpayer dollars for stock buybacks instead of research and development.

Note: Read our concise summaries of news articles on government corruption.

The idea of a "right to repair" – a requirement that companies facilitate consumers' repairs, maintenance, and modification of products – is extremely popular, even winning broad, bipartisan support in Congress. That could not, however, save it from the military–industrial complex. Lobbyists succeeded in killing part of the National Defense Authorization Act that would have given service members the right to fix their equipment in the field without having to worry about military suppliers' intellectual property. The decision to kill the popular proposal was made public Sunday after a closed-door conference of top congressional officials, including defense committee chairs. For the defense industry ... the proposal threatened a key profit stream. Once companies sell hardware and software to the Pentagon, they can keep making money by forcing the government to hire them for repairs. Defense lobbyists pushed back hard against the proposal when it arose in the military budgeting process. The CEO of the Aerospace Industries Association claimed that the legislation could "cripple the very innovation on which our warfighters rely." The contractors' argument was that inventors would not sell their products to the Pentagon if they knew they had to hand over their trade secrets as well. As a piece of legislation, the right to repair has likely died until next year's defense budget bill process. The notion could be imposed in the form of internal Pentagon policies.

Note: For more along these lines, read our concise summaries of news articles on military corruption.

The city of San Francisco filed the nation's first government lawsuit against some of the largest manufacturers of ultra-processed foods on Tuesday, asserting that the 10 corporations knew the products were harming Americans' health but continued to market them anyway. The corporations include cereal giants Kellogg, Post Holdings and General Mills, candy makers NestlĂ© USA and Mars Incorporated, the soda companies behind Coca-Cola and PepsiCo, as well as Kraft Heinz Company, ConAgra Brands and Mondelz International. The suit argues that the health care costs of treating related health conditions tied to consuming ultra-processed foods – upwards of $100 billion a year – have fallen on Americans, cities and states. "These companies created a public health crisis with the engineering and marketing of ultra-processed foods," San Francisco City Attorney David Chiu said. "They took food and made it unrecognizable and harmful to the human body." "We must be clear that this is not about consumers making better choices. Recent surveys show Americans want to avoid ultra-processed foods, but we are inundated by them. These companies engineered a public health crisis, they profited handsomely, and now they need to take responsibility for the harm they have caused," he added. Some 70 percent of the U.S. food supply is ultra-processed, according to the U.S. Food and Drug Administration.

Note: For more along these lines, read our concise summaries of news articles on health and food system corruption.

It was early 2012 when doctors found a tumor in Kim Franzi's brain. Franzi underwent a risky two-day brain surgery to remove the mass, which doctors warned could leave her paralyzed or prove fatal. The operation was successful, but more than 13 years later, she still suffers from side effects, including issues with her reflexes, teeth, hearing, and vision. Before discovering the tumor, Franzi used the birth control shot Depo-Provera for more than 15 years. The shot has been used by roughly one in four sexually active women in the United States, bringing in hundreds of millions in profits annually for the pharmaceutical behemoth Pfizer, which manufactures and distributes the drug. But according to more than 1,200 lawsuits, Pfizer has failed to properly warn the public about long-established links between Depo-Provera and meningiomas. That includes a lawsuit submitted on Franzi's behalf, plus more than 9,500 cases that have yet to be filed. In 2024, a large study of more than 18,000 cases of women undergoing surgery for meningiomas found that "prolonged use of [Depo-Provera] was found to increase the risk of intracranial meningioma." Specifically, the scientists found that use of Depo-Provera was associated with a more than five-fold heightened risk of developing a meningioma that required surgery, and that risk increased further if patients used Depo-Provera for more than a year. Drug labels for Depo-Provera in the European Union, United Kingdom, New Zealand, Australia, and Canada ... warn about these brain tumors.

Note: Read the full article to learn about how Pfizer omitted six studies that found significant links between patients taking the birth control shot and brain tumors. For more along these lines, read our concise summaries of news articles on health and Big Pharma corruption.

Amid escalating anti-immigrant rhetoric ... private prison corporations are once again expanding their grip on U.S. detention policy. In fact, today roughly 90 percent of detained immigrants are held in privately operated facilities, the highest share in history. The industry is instead preparing for explosive growth. On recent earnings calls, CoreCivic executives announced plans to triple the number of beds in their facilities within a few months. That would mean an additional $1.5 billion in revenue for the corporation, more than doubling its annual earnings. Meanwhile, growing scrutiny of immigration detention practices has led to reports of abuse, medical neglect, and deaths in custody. Privatization, with the cost-cutting practices that define it, is the structural driver of human rights violations at these facilities. Private prisons corporations are just one piece of the sprawling prison industry. The U.S. carceral system is comprised of a vast and deeply entrenched network of public-private partnerships that make billions from incarceration and detention. Commissary corporations mark-up basic hygiene items like toothpaste or tampons by 300 percent or more. Private healthcare providers routinely deny or delay treatment, contributing to suffering and preventable deaths behind bars. Private food vendors serve meals that are frequently expired or nutritionally inadequate, all in the name of cutting costs and maximizing returns.

Note: For more along these lines, read our concise summaries of news articles on immigration enforcement corruption.

Americans working for a little known U.S.-based private military contractor have begun to come forward to media and members of Congress with charges that their work has involved using live ammunition for crowd control and other abusive measures against unarmed civilians seeking food at controversial food distribution sites run by the Global Humanitarian Fund (GHF) in Gaza. UG Solutions was hired by the GHF to secure and deliver food into Gaza. Israel put GHF in control of what used to be the UN-led aid mission. The UN, ... has called the new model an "abomination" which "provides nothing but starvation and gunfire to the people of Gaza," referring to the 1000 Gazans who have been killed near or at the GHF centers since May. The Israeli Defense Forces (IDF) have been accused of shooting and shelling unarmed civilians. The American contractors say they have witnessed it and have been told to use live ammunition in their own crowd control efforts. UG Solutions is a mercenary group. They are not a party to the conflict in Gaza, were recruited to participate in hostilities, were not sent by the U.S. government, are not a national of a party in the conflict, are not part of a military, and are there for personal gain. Similar to Blackwater, they are primarily doing defensive operations and the U.S. State Department has helped fund the GHF but they are headquartered in the U.S. working for a foreign entity, in a combat zone, for money.

Note: Learn more about human rights abuses during wartime in our comprehensive Military-Intelligence Corruption Information Center. For more, read our concise summaries of news articles on war.

Late last month, some 14,000 baby chicks in Pennsylvania were shipped from a hatchery – commercial operations that breed chickens, incubate their eggs, and sell day-old chicks – to small farms across the country. But they didn't get far. They were reportedly abandoned in a US Postal Service truck in Delaware for three-and-a-half days without water, food, or temperature control. By the time officials arrived at the postal facility, 4,000 baby birds were already dead. More than 9 billion chickens raised for meat annually in the US are kept on factory farms – long, windowless buildings that look more like industrial warehouses than farms. Up to 6 percent die before they can even be trucked to the slaughterhouse. The average consumer, if they think about farm animal suffering at all, may only think about it in the context of factory farms or slaughterhouses. But the factory farm production chain is incredibly complex, and at each step, animals have little to no protections. That leads to tens of millions of animals dying painful deaths each year in transport alone, and virtually no companies are ever held accountable. These deaths are just as tragic as the thousands who died in the recent USPS incident, and they are just as preventable. The meat industry could choose to pack fewer animals into each truck, require heating and cooling during transport, and give animals ample time for rest, water, and food on long journeys. But such modest measures would cut into their margins.

Note: For more along these lines, read our concise summaries of news articles on factory farming and food system corruption.

A few dozen people gathered inside a graffiti-clad building in the Carabanchel district of Madrid. They had come to commiserate about the American investment banks and private equity funds that controlled their homes. Some at this meeting of the Sindicato de Vivienda de Carabanchel (the Carabanchel Housing Union) were fighting eviction orders or skyrocketing rents. Others had lost their homes through mortgage foreclosures. One attendee, Elsa Riquelme, described her yearslong battle to stay in the 600-square-foot apartment where she raised her three sons, which is now owned by Blackstone, the world's largest private equity firm. Over the past decade, Blackstone has become Madrid's largest private owner of residential real estate, and the second largest in all of Spain. Ms. Riquelme's apartment is one of 13,000 that Blackstone currently owns in Madrid, and among 19,600 it owns nationwide. Across Spain, around 185,000 rental properties are now owned by large corporations, half of those by firms based in the United States. Rental prices have increased 57 percent since 2015 and home prices 47 percent ... even as more than 4 million homes sit empty. After the pandemic pushed Spain's unemployment rate up to 15 percent, evictions nationwide spiked. In Madrid, tenant groups estimate that 20,000 renters in the city currently face the threat of eviction. These days, just 2 percent of Spanish homes available for rent are public housing. In France it's 14 percent; in the Netherlands it's 34 percent.

Note: This article is also available here. For more along these lines, read our concise summaries of news articles on corporate corruption and financial inequality.

In his first meeting with top executives from PepsiCo, W.K. Kellogg, General Mills and other large companies, Robert F. Kennedy Jr., the health secretary, bluntly told them that a top priority would be eliminating artificial dyes from the nation's food supply. Later on Monday, Mr. Kennedy issued a directive that would also affect food companies nationwide. He ordered the Food and Drug Administration to revise a longstanding policy that allowed companies – independent of any regulatory review – to decide that a new ingredient in the food supply was safe. Put in place decades ago, the policy was aimed at ingredients like vinegar or salt that are widely considered to be well-understood, and benign. But the designation, known as GRAS, or "generally recognized as safe," has since grown to include a far broader array of natural and synthetic additives. Mr. Kennedy had vowed to upend the food system as a way to address growing rates of chronic disease and other health concerns even before his appointment as the head of the Department of Health and Human Services. He now oversees the F.D.A. Advocates for food safety have criticized the existing GRAS policy as a loophole that enables food companies to introduce untested ingredients that in some cases have proven hazardous. About 1,000 ingredients deemed safe have been reviewed by the F.D.A., but Mr. Kennedy targeted the ones that companies deem acceptable with no government oversight.

Note: Read our latest Substack article on how the US government turns a blind eye to the corporate cartels fueling America's health crisis. For more along these lines, read our concise summaries of news articles on health and food system corruption.

Alphabet has rewritten its guidelines on how it will use AI, dropping a section which previously ruled out applications that were "likely to cause harm". Human Rights Watch has criticised the decision, telling the BBC that AI can "complicate accountability" for battlefield decisions that "may have life or death consequences." Experts say AI could be widely deployed on the battlefield - though there are fears about its use too, particularly with regard to autonomous weapons systems. "For a global industry leader to abandon red lines it set for itself signals a concerning shift, at a time when we need responsible leadership in AI more than ever," said Anna Bacciarelli, senior AI researcher at Human Rights Watch. The "unilateral" decision showed also showed "why voluntary principles are not an adequate substitute for regulation and binding law" she added. In January, MP's argued that the conflict in Ukraine had shown the technology "offers serious military advantage on the battlefield." As AI becomes more widespread and sophisticated it would "change the way defence works, from the back office to the frontline," Emma Lewell-Buck MP ... wrote. Concern is greatest over the potential for AI-powered weapons capable of taking lethal action autonomously, with campaigners arguing controls are urgently needed. The Doomsday Clock - which symbolises how near humanity is to destruction - cited that concern in its latest assessment of the dangers mankind faces.

Note: For more along these lines, read our concise summaries of news articles on AI and Big Tech.

Environmental and Indigenous activists declared Thursday that "geoengineering fails again," welcoming the shutdown of a project that aimed to use "a reflective material to protect and restore Arctic sea ice." "While our climate impact simulations have shown promising results ... recent ecotoxicological tests have revealed potential risks to the Arctic food chain," the [Arctic Ice Project] team said. Panganga Pungowiyi, climate geoengineering organizer at Indigenous Environmental Network, called the decision "long overdue." "We are concerned for the community members in Utqiaġvik who were made to spread football fields of this material onto their frozen lake," Pungowiyi explained. "Our concerns about the reckless use of harmful materials were dismissed. We continually showed up in defense of free prior and informed consent, and made our presence known." "We continue to state firmly that nature is not a laboratory; it is a living entity we are in relationship with," the organizer added. "Geoengineering approaches do nothing to address the root causes of the climate crisis and instead delay real solutions, offering a free pass to polluters," [said Mary Church at the Center for International Environmental Law]. "Following the recent reaffirmation of the global moratorium on geoengineering at the U.N. biodiversity summit in Colombia, governments need to act to prevent harmful outdoor experiments."

Note: In our latest Substack, "Geoengineering is a Weapon That's Been Rebranded as Climate Science. There's a Better Way To Heal the Earth," we present credible evidence and current information showing that weather modification technologies are not only real, but that they are being secretly propagated by multiple groups with differing agendas. For more along these lines, read our concise summaries of news articles on geoengineering.

RTX Corporation, the weapons giant formerly (and better) known as Raytheon, agreed on Wednesday to pay almost $1 billion to resolve allegations that it defrauded the U.S. government and paid bribes to secure business with Qatar. RTX, as part of this agreement that spanned multiple investigations into its business, admitted to engaging in two separate schemes to defraud the Defense Department, which included deals for a radar system and Patriot missile systems. "The Raytheon allegations are stunning, even by the lax standards of the arms industry," [said William Hartung with the Quincy Institute for Responsible Statecraft]. "Engaging in illegal conduct on this scale suggests that, far from being an aberration, this behavior may be business as usual for the company." Raytheon has been ... embroiled in scandals and malfeasance for decades. The company pleaded guilty to "illegally trafficking in secret military budget reports" (1990); paid $4 million to settle charges that it overbilled the Pentagon (1994); paid $10 million to settle a class-action lawsuit contending that its Amana unit sold defective furnaces and water heaters (1997); paid $2.7 million to settle allegations that it improperly charged the Pentagon for expenses incurred in marketing products to foreign governments (1998); [and] agreed to pay a $25 million civil penalty to resolve State Department charges that the company violated export controls (2003).

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

TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels. The fine includes a $1.3 billion penalty that will be paid to the US Treasury Department's Financial Crimes Enforcement Network, a record fine for a bank. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government's investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. More than 90% of transactions went unmonitored between January 2018 to April 2024, which "enabled three money laundering networks to collectively transfer more than $670 million through TD Bank accounts," according to a legal filing. In one instance, TD Bank employees collected more than $57,000 worth of gift cards to process more than $470 million in cash deposits from a money laundering network to "ensure employees would continue to process their transactions" and not declare them in required reports, the DoJ said. The Office of the Comptroller of the Currency (OCC), a US agency that regulates banks, said TD processed hundreds of millions of dollars of transactions the clearly indicated highly suspicious activity. The Canadian bank will be subject to four years of monitoring [to] ensure it is following the agreement. The US Federal Reserve also fined TD Bank and will force the company to relocate to the United States its anti-money laundering compliance office.

Note: Several years ago, Europe's biggest bank was caught laundering millions for cartels and terrorists. For more, read our latest Substack on the dark truth behind the war on drugs.

U.S. private equity firms have bought up producers and distributors of a chemical compound known to cause brain damage, cancer and other illnesses. Blackstone and American Securities LLC, which control assets worth billions of dollars, have in recent years acquired operations in Canada and elsewhere that sell lead chromate, a toxic powder used in paint, on roads and machinery, and even in food. Studies have shown declines in safety practices following private equity investment, including more workplace accidents and deaths. Health experts and others focused on corporate accountability say private equity's expansion into the lead chromate industry is concerning. "These firms set up structures for ownership to have zero legal responsibility for what happens at that company," said Justin Flores, campaign director at the Private Equity Stakeholder Project, a U.S. nonprofit research and advocacy organization. Lead chromate in paint covers parking lots, children's playgrounds, and hospitals from Mexico to Greece, studies show, raising concerns over what happens when the pigment breaks down, leaching lead into dust, soil and water runoff. Earlier this year, the U.S. Food and Drug Administration confirmed that lead chromate was found in cinnamon applesauce pouches that sickened hundreds of children. The tainted applesauce sailed through loopholes and food safety systems around the world.

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

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