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Revealing News For a Better World

Corporate Corruption News Articles
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Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.


New AUSTRAC boss Nicole Rose shocked by 'depth and breadth' of money laundering
2018-04-04, ABC News (Australia affiliate)
http://www.abc.net.au/news/2018-04-05/new-austrac-boss-shocked-by-money-laund...

Australia's financial intelligence czar Nicole Rose says she is shocked at the depth of money laundering in the economy involving organised crime, child exploitation and drug importation. "I thought coming from the Australian Criminal Intelligence Commission that I had a pretty good handle on serious and organised crime," she [said]. "I didn't appreciate the depth and breadth of involvement with private entities and banks. I didn't appreciate how many industries it does actually touch. There's a misperception that money laundering is a victimless white collar crime. It has a massive impact on everyday life whether that's child exploitation, serious and organised crime or drug importation. It all involves money laundering." A career public servant specialising in anti-terrorism strategy, Ms Rose was appointed chief executive of the Australian Transactions Reports & Analysis Centre (AUSTRAC) in November last year. Ms Rose, a former deputy head of the Australian Criminal Intelligence Commission, inherited AUSTRAC's high stakes case against the Commonwealth Bank which is fighting almost 54,000 allegations that it broke anti-money laundering and anti-terrorism financing laws. While not commenting directly on the CBA case, Ms Rose said she was confident that all Australian banks are now aware of the money laundering risk. However, Ms Rose was uncertain when the $10,000 reporting threshold on cash transactions would be extended from financial institutions to other high-risk sectors.

Note: Explore an eye-opening article by Fiona Barnett, which claims the Watergate break in's real purpose was steal a list of high level political pedophiles from both parties. As reported in this Sydney Morning Herald article, Ms. Barnett testified to Australia's Royal Commission into Institutional Responses to Child Sexual Abuse on being a victim of a high level pedophile ring. More on this is available in this article from the UK's Daily Mail.


'Dirty meat': Shocking hygiene failings discovered in US pig and chicken plants
2018-03-21, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/animals-farmed/2018/feb/21/dirty-meat-shocking-hy...

Shocking hygiene failings have been discovered in some of the US’s biggest meat plants, as a new analysis reveals that as many as 15% (one in seven) of the US population suffers from foodborne illnesses annually. A joint investigation by the Bureau of Investigative Journalism (TBIJ) and the Guardian found that hygiene incidents are at numbers that experts described as “deeply worrying”. US campaigners are calling once again for the closure of a legal loophole that allows meat with salmonella to be sold in the human supply chain, and also warn about the industry’s push to speed up production in the country’s meat plants. Unpublished US- government records highlight numerous specific incidents including: Diseased poultry meat that had been condemned found in containers used to hold edible food products; Pig carcasses piling up on the factory floor after an equipment breakdown, leading to contamination with grease, blood and other filth; Meat destined for the human food chain found riddled with faecal matter and abscesses filled with pus; High-power hoses being used to clean dirty floors next to working production lines containing food products; Factory floors flooded with dirty water after drains became blocked by meat parts and other debris; Dirty chicken, soiled with faeces or having been dropped on the floor, being put back on to the production line after being rinsed with dilute chlorine.

Note: Read more on the unsafe and unethical high speed slaughterhouses on track for USDA approval. For more along these lines, see concise summaries of deeply revealing food system corruption news articles from reliable major media sources.


One thing Democrats and Republicans apparently agree on: Destabilizing the banking sector again
2018-03-09, Los Angeles Times
http://www.latimes.com/opinion/op-ed/la-oe-dayen-deregulation-bank-bill-20180...

Next week marks the 10th anniversary of the run on Bear Stearns, the investment bank that collapsed under the weight of toxic subprime mortgages ... leading to the biggest economic crisis in nearly a century. That seems like a terrible political backdrop for the Senate to pass a bill that deregulates the banking sector. But that's exactly what's about to happen. The Economic Growth, Regulatory Relief and Consumer Protection Act, which pro-regulation groups have called the "Bank Lobbyist Act," advanced in the Senate this week. The ... Congressional Budget Office stated [that the] legislation would increase the risk of another [financial crisis] happening. The bill ... rolls back key pieces of the Dodd-Frank Act and includes giveaways to large institutions of the same size and scope as the ones that crashed the economy in 2008. The most important measure in the legislation raises the threshold for enhanced regulatory supervision by the Federal Reserve from $50 billion to $250 billion. The beneficiaries, 25 of the top 38 banks in America, could be called "stadium banks:" not big enough to count as Wall Street mega-banks, but big enough to have a sports stadium named after them. Nearly all giant foreign banks with operations in the U.S. could enjoy the same weaker rules. Why would more than one-third of the Senate Democratic caucus provide the margin of victory on [this] bill. The answer is simple: money. The top three recipients of campaign donations from commercial banks since 2017 are Democrats. This whole process reveals that bipartisanship usually arrives in Washington at the barrel of a money cannon.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.


Monsanto concealed effects of toxic chemical for decades, Ohio AG alleges
2018-03-06, NBC News
https://www.nbcnews.com/news/us-news/monsanto-concealed-effects-toxic-chemica...

Ohio Attorney General Mike DeWine sued agricultural giant Monsanto on Monday, alleging the company concealed dangers posed by a toxic chemical compound it manufactured for nearly a half century. In the suit ... prosecutors argued that the company should pay for the clean-up of what it says are dozens of rivers, lakes and other water bodies contaminated with polychlorinated biphenyls, or PCBs. The company stopped manufacturing the chemical in 1977 and it was banned in 1979 by the Environmental Protection Agency. According to the suit, Monsanto produced nearly all of the PCBs - which were used in everything from lubricants to electrical equipment - in the United States between 1929 and 1977. The chemical has been linked to cancer, liver damage and other negative health effects. The suit alleges that Monsanto learned of PCBs’ toxic effects in the 1930s, yet it kept producing the compound while concealing its effects. The suit claims the company acknowledged that prolonged exposure could produce "systemic toxic effects" in an internal memo in 1937, so it undertook a "decades-long campaign of misinformation and deception."

Note: Other major lawsuits are beginning to unfold over Monsanto's lies to regulators and the public on the dangers of its products, most notably Roundup. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.


Amazon paid no US income taxes for 2017
2018-02-27, San Francisco Chronicle (San Francisco's leading newspaper)
https://www.sfgate.com/business/tech/article/Amazon-paid-no-US-income-taxes-f...

Amazon won't pay any federal income taxes after topping $5.6 billion in income in 2017. The Seattle-based online retailer will end up paying out roughly $769 million in taxes for the year, but $724 million of that will be in foreign taxes. That's according to an analysis of the online behemoth's 2017 10-K form, which "provides a comprehensive overview of the company's business and financial condition," according to the Securities and Exchange Commission. Public companies are required to submit the form every year to the SEC. Without being privy to the company's tax return, no one can say exactly how CEO Jeff Bezos and Co. avoided what could have been more than $1.3 billion in federal taxes based solely on the annual financial report, but there is information to be gleaned. For example, Amazon took out a $917 million tax deduction on stock options exercised by current or former employees. Unlike wages ... the stock options don't require any cash expenditures by the company. Another ingredient in the low tax bill is likely capital expenditure depreciation ... where companies are allowed to write off the cost of some expenses - say those incurred while building a distribution center, for example - up front. [Amazon] earned a windfall from the Trump administration's U.S. Tax Cuts and Jobs Act of 2017, passed in December. Amazon readjusted estimates for taxes deferred under the old 35 percent corporate tax rate to meet the new tax law's 21 percent figure, which resulted in an estimated $789 million reduction.

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


Monsanto demands Avaaz hands over all of its campaign data
2018-02-23, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/environment/2018/feb/23/monsanto-demands-avaaz-ha...

A US court will today hear a request from Monsanto for access to a huge batch of internal communications by Avaaz, in a move that the campaign group says could have grave repercussions for online activism and data privacy. Monsanto is seeking the release of all lobby documents ... where the firm or its herbicide ingredient glyphosate have been mentioned. Avaaz says this would include personal information about its employees, as well as the email addresses of more than four million signatories to petitions against Monsanto’s GM and glyphosate policies. A victory for Monsanto in today’s hearing would cost the online advocacy group thousands of person-hours of work time, and hundreds of thousands of dollars, according to Avaaz’s lawyers. It could even raise the prospect of a migration out of online activism by campaigners concerned about corporate surveillance. Monsanto’s [request] demands all documents Avaaz employees have created, maintained, received, sent or copied, where these involve discussion about glyphosate, Monsanto, or the World Health Organization’s International Agency for Research on Cancer, which found glyphosate to probably be carcinogenic. Monsanto filed its request shortly after a bitter EU regulatory battle ended with its license for glyphosate – the core ingredient in Roundup – being extended by just five years, rather than the 15 years originally sought.

Note: Read more on Avaaz and the power of online activism. Major lawsuits are beginning to unfold over Monsanto's lies to regulators and the public on the dangers of its products, most notably Roundup. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.


What Happens When Amazon Takes on Health Care
2018-02-01, Time
http://time.com/5128377/amazon-and-friends-takes-on-a-new-industry-health-care/

Amazon has announced that it - along with Warren Buffett’s Berkshire Hathaway and the banking behemoth JPMorgan Chase - will be entering the dominion of health care. Word that Amazon was entering health care immediately depressed the value of old-school health-insurance companies. Anyone who has been a customer of either knows why. The U.S. health care system is the antithesis of Silicon Valley. Grossly inefficient and user-unfriendly, it may be the least transparent enterprise outside the Kremlin - and just as awash in money. The $3.3 trillion that Americans spent on health care in 2016 was close to Germany’s entire GDP that year. It accounted for an astounding 18% of the U.S. gross domestic product - twice the share other developed countries typically spend on health - and produced a return on investment that would get any CEO fired. Life expectancy in the U.S. is actually going down. David Cutler, a health economist at Harvard, made the striking calculation that administration accounts for about a quarter of the cost of health care. He once pointed out that Duke University Hospital had 900 beds and 1,300 billing clerks. If the triad of Amazon, Berkshire Hathaway and JPMorgan Chase can find a way to bring sense to health care, the savings will accrue first for those three companies, which are not acting out of altruism. But ... when the worker reaches a doctor without having to run a gauntlet, the vaunted, disruptive efficiency of tech will have produced a common good.

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


A town of 3,200 was flooded with nearly 21 million pain pills as addiction crisis worsened, lawmakers say
2018-01-31, Washington Post
https://www.washingtonpost.com/news/to-your-health/wp/2018/01/31/a-town-of-32...

Over the past decade, nearly 21 million prescription painkillers have been shipped to a tiny town in West Virginia, a state where more people have overdosed on opioids and died than in any other in the nation. 20.8 million hydrocodone and oxycodone pills have been delivered to Williamson, W.Va., a town with ... fewer than 3,200 residents. [House Energy and Commerce] Committee leaders sent letters to two regional drug distributors, asking why the companies oversupplied this town, among others, with painkillers. “These numbers are outrageous,” Reps. Greg Walden (R-Ore.) and Frank Pallone Jr. (D-N.J.) said in a statement. Attorney General Jeff Sessions on Tuesday announced a nationwide crackdown on pharmacies and prescribers that are oversupplying opioids amid a deadly epidemic sweeping the United States. In the letters, dated Jan. 26, the congressional committee noted that between 2006 and 2016, drug distributors shipped large quantities of hydrocodone and oxycodone to two pharmacies in Williamson. During that time, Tug Valley Pharmacy received more than 10.2 million pills and Hurley Drug Company received more than 10.5 million pills. The pharmacies are 0.2 miles apart. The committee said in a letter to distributor Miami-Luken that from 2008 to 2015, the company had supplied more than half of all the prescription pain pills shipped to Tug Valley Pharmacy. And distributor H.D. Smith, the committee said, provided the pharmacies with nearly 5 million pills between 2007 and 2008.

Note: A CBS article titled, "Ex-DEA agent: Opioid crisis fueled by drug industry and Congress" describes major regulatory failures that contributed to this addiction crisis. For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.


In Larry Nassar’s Case, a Single Voice Eventually Raised an Army
2018-01-24, New York Times
https://www.nytimes.com/2018/01/24/sports/rachael-denhollander-nassar-gymnast...

Rachael Denhollander had the first word and the last one. A former gymnast who became a lawyer and a coach, Ms. Denhollander told The Indianapolis Star in 2016 that Dr. Lawrence G. Nassar had molested her as a child. She had just read a report in The Star about U.S.A. Gymnastics’ mishandling of sexual misconduct allegations against coaches. But no one had yet spoken up about Dr. Nassar, who molested young athletes for about two decades while pretending the abuse was therapy. The Star soon published an article about the doctor, based on reports from two former gymnasts. One remained anonymous. The other was Rachael Denhollander. In a Michigan courtroom Wednesday, before Dr. Nassar received a prison sentence of 40 to 175 years for multiple counts of criminal sexual misconduct, Ms. Denhollander, 33, spoke again. This time, she was not alone. Over a seven-day sentencing hearing, 155 people had delivered victim impact statements to the court. Ms. Denhollander became the 156th, the final voice in a gathering of survivors who grew stronger by the day. Michigan State and U.S.A. Gymnastics, which made Dr. Nassar its longtime doctor for the national women’s team, were culpable in this case, too, Ms. Denhollander said. She mentioned that Dr. Nassar had used his phony medical treatments on her after four other women had complained about Dr. Nassar to employees in the M.S.U. athletic department.

Note: For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.


Fed Up With Drug Companies, Hospitals Decide to Start Their Own
2018-01-18, New York Times
https://www.nytimes.com/2018/01/18/health/drug-prices-hospitals.html

Hospital executives have expressed frustration when essential drugs like heart medicines have become scarce, or when prices have skyrocketed. Now, some of the country’s largest hospital systems are taking an aggressive step to combat the problem: They plan to go into the drug business themselves, in a move that appears to be the first on this scale. “This is a shot across the bow of the bad guys,” said Dr. Marc Harrison, the chief executive of Intermountain Healthcare, the ... hospital group that is spearheading the effort. Several major hospital systems, including ... the nation’s largest nonprofit hospital group, plan to form a new nonprofit company, that will provide a number of generic drugs to the hospitals. The Department of Veterans Affairs is also expressing interest in participating. The idea is to directly challenge the host of industry players who have capitalized on certain markets, buying up monopolies of old, off-patent drugs and then sharply raising prices, stoking public outrage and prompting a series of Congressional hearings and federal investigations. The most notorious example is of Martin Shkreli, the former hedge fund manager who raised the price of a decades-old drug, Daraprim, to $750 a tablet in 2015, from $13.50. Hospitals have also struggled to deal with shortages of hundreds of vital drugs over the past decade, ranging from injectable morphine to sodium bicarbonate (the medical form of baking soda), shortfalls that are exacerbated when only one or two manufacturers make the product.

Note: Americans pay the highest prices for medications in the world, and many US government policies appear designed to keep drug prices high. For more along these lines, see concise summaries of deeply revealing Big Pharma profiteering news articles from reliable major media sources.


NYC sues, divests from oil firms over climate change
2018-01-10, ABC News/Associated Press
http://abcnews.go.com/Technology/wireStory/nyc-taking-steps-divest-pension-fu...

New York City is taking on the oil industry on two fronts, announcing a lawsuit Wednesday that blames the top five oil companies for contributing to global warming and saying the city will sell off billions in fossil fuel investments from the city's pension funds. Democratic Mayor Bill de Blasio received immediate blowback from some of the companies, while winning praise from environmentalists and others. "We're bringing the fight against climate change straight to the fossil fuel companies that knew about its effects and intentionally misled the public to protect their profits," the mayor said. "As climate change continues to worsen, it's up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient." The city alleges the fossil fuel industry was aware for decades that burning fuel was impacting climate change. The defendants in the city's federal lawsuit are BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell. New York's lawsuit ... follows similar litigation filed by San Francisco, Oakland, and Santa Cruz in California. Also Wednesday, de Blasio and Comptroller Scott Stringer said they intend to divest the city's five pension funds of roughly $5 billion in fossil fuel investments out of its total of $189 billion. The divestment is the largest of any municipality in the U.S. to date. "Safeguarding the retirement of our city's police officers, teachers and firefighters is our top priority, and we believe that their financial future is linked to the sustainability of the planet," Stringer said.

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


Think You’re Seeing More Drug Ads on TV? You Are, and Here’s Why
2017-12-24, New York Times
https://www.nytimes.com/2017/12/24/business/media/prescription-drugs-advertis...

Television advertisements for prescription drugs ... have been running for 20 years. [Yet] it is not your imagination if you think you are seeing more of them these days. Lots more. 771,368 such ads were shown in 2016 ... an increase of almost 65 percent over 2012. “TV ad spending by pharmaceutical companies has more than doubled in the past four years, making it the second-fastest-growing category on television during that time,” Jon Swallen, Kantar’s chief research officer, said. The ads ... have turned to more serious ailments in the last few years. And when the ads come on, [the] audience is also listening intently to all that can befall them if they take a certain drug. An unexpected side effect of ad agency compliance with the drug administration’s regulation, it turns out, is enhanced credibility. “It’s counterintuitive, but everything in our research suggests that hearing about the risks increases consumers’ belief in the advertising,” said Jeff Rothstein, the chief executive officer of Cult Health, an ad agency that specializes in health care.

Note: 25 years ago drug advertising was illegal, as it was believed drugs should sell themselves on their own merits. Now Big Pharma is raking in profits hand over fist by inundating us with fear-based advertising. For more along these lines, see concise summaries of deeply revealing Big Pharma profiteering news articles from reliable major media sources.


Paradise Papers: US puts sanctions on billionaire over dealings in DRC
2017-12-22, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/news/2017/dec/22/paradise-papers-us-sanctions-bil...

The US government has imposed sanctions on the Israeli billionaire Dan Gertler, whose African business dealings were exposed in the Paradise Papers, over “hundreds of millions of dollars’ worth of opaque and corrupt mining and oil deals” in the Democratic Republic of the Congo. In a strongly worded statement, the US president ... placed sanctions on 13 people and companies associated with them, declaring a state of “national emergency with respect to serious human rights abuse and corruption around the world”. In November, the Paradise Papers investigation unveiled new details of Gertler’s mining deals in strife-torn but resource-rich DRC, in particular over a $45m loan in shares to one of his companies from the world’s biggest miner, Glencore. In imposing sanctions on Gertler, the US Office of Foreign Assets Control (OFAC) said the Israeli billionaire’s corrupt dealings had deprived the state coffers of DRC of ... more than $1.36bn in revenues from the underpricing of mining assets that were sold to offshore companies linked to Gertler. Gertler’s involvement in the DRC spans nearly two decades. He was cited by a 2001 UN investigation that said he had given the DRC’s then-president $20m to buy weapons to equip his army against rebel groups in exchange for a monopoly on the country’s diamonds, and a 2013 Africa Progress Panel report said a string of mining deals struck by companies linked to him had deprived the country of more than $1.3bn in potential revenue.

Note: Gertler had close ties with Mark Rich, who was once on the FBI's 10 most wanted list only to later be pardoned by Bill Clinton. This revealing article on Gertler in the UK's Guardian shows corruption and abuse leading to very high places. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.


U.S. Imposes Sanctions on 52 People and Entities for Abuse and Corruption
2017-12-21, New York Times
https://www.nytimes.com/2017/12/21/world/global-magnitsky-act-sanctions.html

The United States imposed sanctions on 52 people and entities Thursday for alleged human rights violations and corruption, a list that included Maung Maung Soe, a top Burmese general cited for an ongoing deadly crackdown on the Rohingya, a Muslim ethnic group. Maj. Gen. Maung Maung Soe was the chief of the Burmese Army’s Western Command during a crackdown that survivors say involved government soldiers stabbing babies, cutting off the heads of boys, gang-raping girls and burning entire families to death. Maj. Gen. Maung Maung Soe is the first high-level Burmese military official to be named in sanctions. “Today, the United States is taking a strong stand against human rights abuse and corruption globally by shutting these bad actors out of the U.S. financial system,” said Steven Mnuchin, the Treasury secretary. Among others penalized on Thursday was Yahya Jammeh, former president of Gambia. Mr. Jammeh created a terror and assassination squad ... that he used to intimidate, interrogate and kill people who threatened him. Benjamin Bol Mel of South Sudan, Dan Gertler, who did business in the Democratic Republic of Congo, and Mukhtar Hamid Shah of Pakistan were also on the list. The sanctions freeze any assets the individuals or entities hold in the United States and also prevent them from using any American financial institution.

Note: Importantly, billionaire Israeli mine kingpin Dan Gertler is on this list. This revealing article on Gertler in the UK's Guardian shows corruption and abuse leading to very high places. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.


Report: Industry hid decades-old study showing sugar's unhealthy effects
2017-12-08, Chicago Tribune
http://www.chicagotribune.com/lifestyles/health/sc-hlth-industry-hid-effects-...

More than four decades ago, a study in rats funded by the sugar industry found evidence linking the sweetener to heart disease and bladder cancer. The results of that study were never made public. Instead, the sugar industry pulled the plug on the study and buried the evidence, said senior researcher Stanton Glantz, a professor of medicine and director of the University of California, San Francisco (UCSF) Center for Tobacco Control Research and Education. Glantz likened this to suppressed Big Tobacco internal research linking smoking with heart disease and cancer. "This was an experiment that produced evidence that contradicted the scientific position of the sugar industry," Glantz said. "It certainly would have contributed to increasing our understanding of the cardiovascular risk associated with eating a lot of sugar, and they didn't want that." Researchers at the University of Birmingham in England conducted Project 259 between 1967 and 1971, comparing how lab rats fared when fed table sugar versus starch. The scientists specifically looked at how gut bacteria processed the two different forms of carbohydrate. Early results in August 1970 indicated that rats fed a high-sugar diet experienced an increase in blood levels of triglycerides, a type of fat that contributes to cholesterol. Rats fed loads of sugar also appeared to have elevated levels of beta-glucuronidase, an enzyme previously associated with bladder cancer in humans, the researchers said.

Note: Read more about the sugar industry conspiracy. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the scientific community.


Behind the $55 Million Verdict: Johnson & Johnson Knew About Talcum Powder Cancer Risks Since the 1970s
2017-12-06, Huffington Post
https://www.huffingtonpost.com/larry-bodine/behind-the-55-million-ver_b_98333...

Johnson & Johnson and its cosmetics lobby have known about the link between its talcum powder and cancer for 40 years, distorted research about the talcum-cancer connection, and lied to the public about the dangers. The big lie was exposed [when] jurors blasted Johnson & Johnson with an 8-figure verdict in a trial charging that the company knew that its talc-based Baby Powder and Show to Shower Powder causes ovarian cancer. Talc was found in the ovarian tissue after a hysterectomy of the plaintiff, Gloria Ristesund. She was diagnosed with cancer in 2011 after using J&J’s talc-based feminine hygiene products for almost 40 years, and the jury awarded her $55 million. Another jury in the same courthouse awarded $72 million on February 22 to the family of Jacqueline Fox of Birmingham, AL, who used Johnson’s baby powder for 35 years. She was diagnosed with ovarian cancer in 2013 and died last year. For decades, according to the plaintiffs, J&J and its lobby the Talc Interested Party Task Force (TIPTF) distorted scientific papers to prevent talc from being classified as a carcinogen. As a result, J&J is facing now 1,200 lawsuits in Missouri and New Jersey, charging it with fraud, negligence, conspiracy, and failing to warn consumers about the cancer risks. Talc is a mineral [that] absorbs moisture well and helps reduce friction. The risk of ovarian cancer is one-third higher among women who regularly powdered their genitals with talc, according to a 2016 study in Epidemiology.

Note: J & J was eventually fined over $4 billion in this case. For more, see this article. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.


With $20 trillion between them, Blackrock and Vanguard could own almost everything by 2028
2017-12-04, Financial Post
https://financialpost.com/investing/a-20-trillion-blackrock-vanguard-duopoly-...

BlackRock Inc. and Vanguard Group – already the world's largest money managers – are less than a decade from managing a total of US$20 trillion, according to Bloomberg News calculations. Amassing that sum will likely upend the asset management industry, intensify their ownership of the largest U.S. companies and test the twin pillars of market efficiency and corporate governance. Vanguard founder Jack Bogle, widely regarded as the father of the index fund, is raising the prospect that too much money is in too few hands, with BlackRock, Vanguard and State Street Corp. together owning significant stakes in the biggest U.S. companies. "That's about 20 per cent owned by this oligopoly of three," Bogle said. "It is too bad that there aren't more people in the index-fund business." Vanguard is poised to parlay its US$4.7 trillion of assets into more than US$10 trillion by 2023, while BlackRock may hit that mark two years later, up from almost US$6 trillion today, according to Bloomberg News projections based on the companies' most recent five-year average annual growth rates in assets. BlackRock and Vanguard's dominance raises questions about competition and governance.

Note: This empire directly benefits from relaxation of financial regulations. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.


Shell should face investigation over murder and rape by Nigerian military, says Amnesty International
2017-11-28, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/news/business/news/shell-nigeria-murder-rape-mil...

Shell should face investigations in three countries for alleged complicity in Nigerian government abuses, including murder and rape, more than two decades ago in the oil-rich Niger River delta, Amnesty International said. Authorities in Nigeria, the Netherlands and UK should investigate Shell’s conduct, especially in the Ogoni area of the southern delta, the London-based human-rights group said. Violations linked to Europe’s largest energy company amounted to criminal infractions for which it should be prosecuted, it said. “The evidence we have reviewed shows that Shell repeatedly encouraged the Nigerian military to deal with community protests, even when it knew the horrors this would lead to,” Audrey Gaughran, director of Global Issues at Amnesty International, said. Shell “even provided the military with material support, including transport, and in at least one instance paid a military commander notorious for human rights violations,” she said. Shell, the oldest energy company in Africa’s biggest oil producer, operates a joint venture with the government that pumps more than a third of the nation’s crude, the state’s main source of revenue. Other joint ventures are run by ExxonMobil, Chevron, Total and Eni. Protests by the Ogoni ethnic minority against Shell in the 1990s alleging widespread pollution and environmental degradation prompted a repressive response from the military government then in power. Nine ethnic-minority activists, including the writer Ken Saro-Wiwa, were executed in 1995.

Note: It was reported in 2010 that pollution linked to oil production had reduced rural Nigerian life expectancy to "little more than 40 years of age". For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.


FCC net neutrality process ‘corrupted’ by fake comments and vanishing consumer complaints, officials say
2017-11-24, Washington Post
https://www.washingtonpost.com/news/the-switch/wp/2017/11/24/fcc-net-neutrali...

As the Federal Communications Commission prepares to dismantle its net neutrality rules for Internet providers, a mounting backlash from agency critics is zeroing in on what they say are thousands of fake or automated comments submitted to the FCC that unfairly skewed the policymaking process. “The process the FCC has employed,” wrote New York Attorney General Eric Schneiderman this week in a letter to the FCC, “... has been corrupted by the fraudulent use of Americans’ identities.” The New York attorney general's office has been reviewing the comments filed at the FCC on net neutrality. It found that “hundreds of thousands” of submissions may have impersonated New York residents. Some consumers have complained ... that their own names or addresses have been hijacked and used to submit false comments to the FCC. Public comments play an important role at the FCC, which typically solicits feedback from Americans before it votes. At its Dec. 14 meeting, the FCC plans to repeal Obama-era regulations that aimed at ensuring all websites, large and small, are treated equally by Internet providers. Without the rules, Internet providers could begin charging some websites or services more to reach ... regular Internet users. Internet providers have also spent significant time and money lobbying for the regulations to be reversed. And some of the public comments ... bear a striking resemblance to industry talking points.

Note: In the first quarter of 2017 alone, AT&T, Comcast and Verizon spent $11 million lobbying against net neutrality. A Guardian article makes it clear that "pretty much everyone outside the large cable companies supports the FCC’s net neutrality rules." For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.


Trump's Swamp of Billionaires and Lobbyists Revealed in Secret White House Visitor Logs
2017-11-22, Newsweek
http://www.newsweek.com/donald-trump-white-house-billionaires-big-business-in...

Wall Street billionaires, corporate lobbyists and far right conservatives flooded the White House almost immediately after Donald Trump’s presidential victory, newly released White House visitor logs reveal. The White House was forced to release the list of visitors ... after the Washington transparency group Property of the People sued. The searchable logs, published Tuesday by ProPublica, provide a glimpse into the creation of the president’s political agenda, spearheaded almost entirely by business interests. Officials at the Office of Management and Budget, for example, met periodically with CEOs from the health care industry and big businesses, a handful of lobbyists representing Koch Industries and several billionaires. The logs also reveal how much money can be spent by lobbying groups just to get their foot in the door. Budget chief Mick Mulvaney’s former congressional Chief of Staff Al Simpson was hired by the lobbying firm Mercury in February, soon after Trump appointed Mulvaney to run the management and budget office. Clients, including powerhouse corporations like Cemex and pharma firms like AmerisourceBergen, paid Simpson’s lobbying firm $360,000 throughout 2017. The purposes behind several White House meetings remain shrouded in mystery. For example, Mulvaney met with Jeff Bell, a member of the controversial religious group Opus Dei. Meanwhile, out of the 8,807 meetings and people listed in the logs, 2,169 names and subject matter are redacted - nearly 25 percent of the data dump.

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