Corporate Corruption News Articles

Excerpts of key news articles on

Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: Explore our full index to 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.

A federal investigation into the "dark underbelly" of college basketball exposed bribery schemes in which coaches at top programs took cash to steer star athletes to certain managers and helped funnel payoffs to players' families to ensure they signed with particular schools, prosecutors said Tuesday. Some of the biggest names in college sports - from Adidas to the University of Louisville - were caught up in the probe, which began in 2015 with the help of a fallen financial adviser. Acting U.S. Attorney Joon Kim said the FBI and prosecutors ... found a pay-to-play culture flourishing in some corners of the NCAA. "The picture of college basketball painted by the charges is not a pretty one - coaches at some of the nation’s top programs taking cash bribes, managers and advisers circling blue-chip prospects like coyotes, and employees of a global sportswear company funneling cash to families of high school recruits," he said. On Tuesday, federal agents executed search warrants at the offices of ASM Sports, which represents 30 current NBA players but which was not charged in the three criminal complaints filed in Manhattan. Those documents detail a web of corruption. "If we take care of everybody and everything is done, we control everything," Christian Dawkins, a former recruiter for ASM who was reportedly fired for using a player’s credit card, told an undercover agent, according to one complaint. ”You can make millions off one kid."

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

In 2009, shortly after the housing market crashed and the markets melted down, the owners of a small community bank in New York City’s Chinatown discovered fraud within their loan department. The bank’s owners, the Chinese-American Sung family ... reported the fraud to their regulators. But two-and-a-half years later, the bank was accused of mortgage fraud by the Manhattan District Attorney’s Office — making Abacus Federal Savings the only U.S. bank to be prosecuted in relation to the financial collapse and the first bank indicted in New York since 1991. Why did Abacus face charges, while the biggest banks on Wall Street all avoided prosecution for fraud? That’s the question at the heart of [the new documentary film] Abacus: Small Enough to Jail. Abacus chronicles the Sung family’s quest to clear their names, the district attorney’s case against the bank — and how 19 of the bank’s ex-employees, largely immigrants, were treated by the justice system. When 12 ex-employees of the bank who refused to plead guilty were arraigned, [they were] handcuffed to each other, and in the words of one of their attorneys, “herded like cattle” down courthouse hallways. “Reporters ... were treated to this extraordinary photo opportunity, this almost Stalinist looking chain gang” of Asian Americans, says journalist Matt Taibbi. “I had never seen that in my entire time at the DA’s office,” says Chanterelle Sung, whose father, Thomas, is the bank’s founder. She had worked at the office as a prosecutor for seven years.

Note: You can watch the PBS special on this strange story on this webpage. A transcript of this documentary is available here. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.

On the evening of October 30, 1938, a seventy-six-year-old millworker in Grover’s Mill, New Jersey, named Bill Dock heard something terrifying. Aliens had landed just down the road, a newscaster announced. Dock ... prepared to face down the invaders. But ... he’d been duped by Orson Welles’s radio adaptation of “The War of the Worlds.” The next day, newspapers were full of stories like Dock’s. This early fake-news panic lives on in legend, but [historian A. Brad] Schwartz is the latest of a number of researchers to argue that it wasn’t all it was cracked up to be. There was no mass hysteria, only small pockets of concern that quickly burned out. Newspapers exaggerated the panic to better control the upstart medium of radio, which was becoming the dominant source of breaking news in the thirties. Newspapers wanted to show that radio was irresponsible and needed guidance from its older, more respectable siblings in the print media, such “guidance” mostly taking the form of lucrative licensing deals and increased ownership of local radio stations. To some, the lesson of the panic was that the F.C.C. needed to take an even more active role to protect people from malicious tricksters like Welles. Yet Schwartz says that the people calling for a government crackdown were far outnumbered by those who warned against one. Today, Facebook and Google have taken the place of the F.C.C. in the conservative imagination. With a powerful, well-funded propaganda machine ... conservatives aren’t the ones who have the most to fear.

Note: Historian A. Brad Schwartz is the author of a bestselling book titled, "Broadcast Hysteria: Orson Welles’s War of the Worlds and the Art of Fake News". For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the manipulation of mass media.

Tokyo Electric Power Co Holdings said on Thursday it has been hit with another lawsuit filed in a U.S. court seeking $5 billion for compensation over the 2011 Fukushima nuclear disaster, the second filed against the utility in a U.S. court. The suit filed by 157 individuals is seeking that amount to set up a compensation fund for the costs of medical tests and treatment they say they need after efforts to support the recovery from the world's worst nuclear disaster since Chernobyl in 1986. The utility, known as Tepco, is being sued regarding improper design, construction and maintenance. Tepco has been hit with more lawsuits than in any previous Japanese contamination suit over the meltdowns of three reactors at its Fukushima Daiichi plant north of Tokyo [in] 2011. Radiation forced 160,000 people from their homes, many never to return, and destroyed businesses, fisheries and agriculture. In June, a federal appeals court cleared the way for a group of U.S. military personnel to file a suit against Tepco over radiation exposure that they say occurred during recovery efforts on board the USS Ronald Reagan. Shareholders of Tepco are suing the utility's executives for a record 5.5 trillion yen ($67.4 billion) in compensation. The company's former chairman and other executives of the company appeared in court in June to answer charges of professional negligence, in the first criminal case after the meltdowns. The criminal and civil legal cases do not threaten financial ruin for Tepco, which is backstopped by Japanese taxpayers.

Note: Following the Fukushima disaster, at least three Tepco officials were indicted for knowingly operating an unsafe nuclear power plant. And though the plant is extremely toxic now years after the disaster, top officials still claim nuclear power is extremely safe. For more along these lines, see concise summaries of deeply revealing news articles on the Fukushima Nuclear Plant meltdown.

Sinclair Media Group is the owner of the largest number of TV stations in America. "Sinclair's probably the most dangerous company most people have never heard of," said Michael Copps, the George W Bush-appointed former chairman of Federal Communications Commission (FCC), the top US broadcast regulator. The New York Times refers to the group as a "conservative giant" that, since the Bush presidency, has used its 173 television stations "to advance a mostly right-leaning agenda". Already the biggest broadcaster in the country, Sinclair is poised to make its biggest move yet. If the FCC approves Sinclair's $3.9bn purchase of an additional 42 stations, it would reach into the homes of almost three-quarters of Americans. Sinclair forces its local stations to run pro-Trump "news" segments. In 2004 ... as George W Bush faced criticism over the faltering war in Iraq, Sinclair ordered seven of its stations not to run an episode of Nightline in which host Ted Koppel read the names of every American soldier killed in the war, saying it "undermine[d] the efforts of the United States in Iraq". Meanwhile, with its 2015 purchase of Circa, a mobile aggregated news app, Sinclair has control for the first time of a national text-based news outlet.

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

As the U.S. growing season entered its peak this summer, farmers began posting startling pictures on social media: fields of beans, peach orchards and vegetable gardens withering away. The photographs served as early warnings of a crisis that has damaged millions of acres of farmland. New versions of the herbicide dicamba developed by Monsanto and BASF, according to farmers, have drifted across fields to crops unable to withstand it. As the crisis intensifies, new details provided to Reuters ... demonstrate the unusual way Monsanto introduced its product. The approach, in which Monsanto prevented key independent testing of its product, went unchallenged by the Environmental Protection Agency and nearly every state regulator. Typically, when a company develops a new agricultural product, it commissions its own tests and shares the results and data with regulators. It also provides product samples to universities for additional scrutiny. In this case, Monsanto denied requests by university researchers to study its XtendiMax with VaporGrip for volatility - a measure of its tendency to vaporize and drift across fields. Monsanto provided samples of XtendiMax before it was approved by the EPA. However, the samples came with contracts that explicitly forbade volatility testing. Arkansas blocked Monsanto’s product because of the lack of extra volatility testing ... but approved BASF’s [product]. Thirty-three other states - every other state where the products were marketed - approved both products.

Note: A new project called "The Poison Papers" lays out a 40-year history of deceit and collusion involving the chemical industry and the regulatory agencies that were supposed to be protecting human health and the environment. For more along these lines, see concise summaries of deeply revealing food system corruption news articles from reliable major media sources.

Documents released Tuesday in a lawsuit against Monsanto raised new questions about the company’s efforts to influence the news media and scientific research and revealed internal debate over the safety of its highest-profile product, the weed killer Roundup. The active ingredient in Roundup, glyphosate, is the most common weed killer in the world. The documents underscore the lengths to which the agrochemical company goes to protect its image. Documents show that Henry I. Miller ... a vocal proponent of genetically modified crops, asked Monsanto to draft an article for him that largely mirrored one that appeared under his name on Forbes’s website in 2015. An academic involved in writing research funded by Monsanto, John Acquavella, [wrote] in a 2015 email to a Monsanto executive, “I can’t be part of deceptive authorship on a presentation or publication.” He also said of the way the company was trying to present the authorship: “We call that ghost writing and it is unethical.” Mr. Miller’s 2015 article on Forbes’s website was an attack on the findings of ... a branch of the World Health Organization that had labeled glyphosate a probable carcinogen. The documents also show that A. Wallace Hayes, the former editor of a journal, Food and Chemical Toxicology, has had a contractual relationship with Monsanto. In 2013, while he was still editor, Mr. Hayes retracted a key study damaging to Monsanto that found that Roundup, and genetically modified corn, could cause cancer and early death in rats.

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

Among politicians, college administrators, educators, parents and students, college affordability seems to be seen as a purely financial issue. The roots of the current student debt crisis are neither economic nor financial in origin, but predominantly social. In 2012, more than 44 million Americans were still paying off student loans. And the average graduate in 2016 left college with more than $37,000 in student loan debt. Student loan debt has become the second-largest type of personal debt among Americans. From 1995 to 2015, tuition and fees at 310 national universities ... rose considerably, increasing by nearly 180 percent at private schools and more than 225 percent at public schools. During the 19th century, college education in the United States was offered largely for free. College education was considered a public good. Students who received such an education would put it to use in the betterment of society. The perception of higher education changed dramatically [as] private colleges began to attract more students from upper-class families. In 1927, John D. Rockefeller began campaigning for charging students the full cost it took to educate them. Further, he suggested that students could shoulder such costs through student loans. Tuition - and student loans - thus became commonly accepted aspects of the economics of higher education. If the United States is looking for alternatives to what some would call a failing funding model for college affordability, the solution may lie in looking further back than the current system.

Note: According to former US Secretary of Labor Robert Reich, the sharply increasing cost of a college education serves to redistribute wealth from the poor to the rich. For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.

Few science writers have worked as hard as Keith Kloor to impact public opinion on genetically modified organism (GMO) agriculture. An adjunct professor at New York University and former editor for Audubon and blogger for Discover, Kloor has spent years championing GMO products and portraying skeptics and critics as scientifically illiterate quacks. His curious form of advocacy includes bitter attacks on anyone who disagrees with him. Kloor’s targets have included Jake Tapper of CNN; Michael Pollan, professor of journalism at UC-Berkeley; Tom Philpott of Mother Jones; Mark Bittman, the noted food columnist; Glenn Davis Stone, Guggenheim Fellow and professor of archaeology at Washington University; Nassim Taleb, professor of risk engineering at NYU; Marion Nestle, professor of food science at NYU; and Charles Seife, professor of science journalism at NYU. The public has known for some time that Keith Kloor loves GMOs. What they haven’t known, until now, is how hard he’s worked with industry-funded “experts” to present corporate talking points as journalism and then try to cover his tracks. An avalanche of documents released through court proceedings and freedom of information requests point to a coordinated effort by corporate front groups, scientists secretly funded by agrichemical industry giants, and allied reporters attempting to portray themselves as arbiters of scientific expertise while condemning critics of GMO technology as “antiscience.”

Note: The above article provides an in-depth view of Monsanto's corruption of mass media. This company's use of scientists as industry puppets, its lies to regulators and the public and its massive lobbying campaign have not kept information on the risks and dangers of GMOs from getting out.

Tobacco companies have moved swiftly to strengthen their grip on Washington politics. Day one of Donald Trump’s presidency started with tobacco donations, senior figures have been put in place within the Trump administration who have deep ties to tobacco, and lobbying activity has increased significantly. America’s largest cigarette manufacturers, Reynolds American and Altria Group, donated $1.5m to help the new president celebrate his inauguration. The donations allowed executives to dine and mingle with top administration officials and their families. In the first quarter of 2017, tobacco companies and trade associations spent $4.7m lobbying federal officials. Altria, the company behind Marlboro, hired 17 lobbying firms. Reynolds, makers of the Camel brand, hired 13. Politicians and officials with deep ties to the tobacco industry now head the US health department, the top attorney’s office and the Senate. Agencies in charge of reviewing large mergers let a window slip by in which they might have requested information about a $49bn merger between Reynolds and British American Tobacco (BAT). That merger ... will make BAT the biggest listed tobacco company in the world, and puts proceeds from eight out of 10 cigarettes sold in the US into the pockets of two companies: Altria and BAT. Trump himself ... has revealed that he had investments in tobacco companies, including Philip Morris International, its American spinoff Altria Group, and Reynolds American Inc..

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

Last year was the most perilous ever for people defending their communitys land, natural resources or wildlife, with new research showing that environmental defenders are being killed at the rate of almost four a week across the world. Two hundred environmental activists, wildlife rangers and indigenous leaders trying to protect their land were killed in 2016, according to the watchdog group Global Witness more than double the number killed five years ago. And the frequency of killings is only increasing as 2017 ticks by, according to data provided exclusively to the Guardian, with 98 killings identified in the first five months of this year. John Knox, UN special rapporteur on human rights and the environment, said: There is now an overwhelming incentive to wreck the environment for economic reasons. The people most at risk are people who are already marginalised and excluded from politics and judicial redress, and are dependent on the environment." Most environmental defenders die in remote forests or villages affected by mining, dams, illegal logging, and agribusiness. Many of the killers are reportedly hired by corporations or state forces. Very few are ever arrested or identified. This is why the Guardian is today launching a project, in collaboration with Global Witness, to attempt to record the deaths of everyone who dies over the next year in defence of the environment. We will be reporting from the worlds last wildernesses, as well as from the most industrialised countries on the planet.

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

President Trump’s advisers recruited two businessmen who profited from military contracting to devise alternatives to the Pentagon’s plan to send thousands of additional troops to Afghanistan. Erik D. Prince, a founder of the private security firm Blackwater Worldwide, and Stephen A. Feinberg, a billionaire financier who owns the giant military contractor DynCorp International, have developed proposals to rely on contractors instead of American troops in Afghanistan at the behest of Stephen K. Bannon, Mr. Trump’s chief strategist, and Jared Kushner, his senior adviser. Soliciting the views of Mr. Prince and Mr. Feinberg ... raises a host of ethical issues, not least that both men could profit from their recommendations. Mr. Feinberg ... met with the president on Afghanistan, according to an official, while Mr. Prince briefed several White House officials, including General McMaster. In an op-ed in The Wall Street Journal in May, [Mr. Prince] called on the White House ... to use “private military units” to fill the gaps left by departed American soldiers. If Mr. Trump opted to use more contractors and fewer troops, it could also enrich DynCorp, which has already been paid $2.5 billion by the State Department for its work in the country. Mr. Feinberg controls DynCorp through Cerberus Capital Management.

Note: When Blackwater changed its name to Academi, the US paid $309 million to this company to conduct counternarcotics operations in Afghanistan. These operations reportedly contributed to the Afghan opium boom. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

Drug users, desperate to break addictions to heroin or pain pills, are pawns in a sprawling national network of insurance fraud, an investigation by The Boston Globe and STAT has found. They are being sent to treatment centers hundreds of miles from home for expensive, but often shoddy, care that is paid for by premium health insurance benefits procured with fake addresses. Patient brokers are paid a fee to place insured people in treatment centers, which pocket thousands of dollars in claims for each patient. Patients from across the United States have been taken in by these profiteers capitalizing on the surge in opioid addiction. The patients are often enrolled through HealthCare.gov, the online insurance marketplace created by the Affordable Care Act that connects patients to insurers in dozens of states. The brokers, patients’ families, or marketers for the treatment centers pay the insurance premium. Within a few weeks, the insurer is billed tens of thousands of dollars for what is often subpar care. Many patients have no idea how their insurance coverage was obtained or that they are part of a scam. They are often told they are receiving free care — or that their insurance is being taken care of by the patient broker. Some find out their coverage is from a company in a state where they have never lived only when a billing problem arises or when the broker stops paying the premium. By then, they’re far from home, stranded without any insurance.

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

In New Orleans after Hurricane Katrina, I watched hordes of private military contractors descend on the flooded city to find ways to profit from the disaster, even as thousands of the city’s residents, abandoned by their government, were treated like dangerous criminals just for trying to survive. I started to notice the same tactics in disaster zones around the world. I used the term “shock doctrine” to describe the brutal tactic of using the public’s disorientation following a collective shock – wars, coups, terrorist attacks, market crashes or natural disasters – to push through radical pro-corporate measures. As Lee Fang reported ... “President Donald Trump [appointed] defence contractors and lobbyists to key government positions as he seeks to rapidly expand the military budget and homeland security programmes … At least 15 officials with financial ties to defence contractors have been either nominated or appointed so far.” One noticeable thing about Trump’s contractor appointees is how many of them come from firms that did not even exist before 9/11: L-1 Identity Solutions (specialising in biometrics), the Chertoff Group (founded by George W Bush’s homeland security director Michael Chertoff), Palantir Technologies (a surveillance/big data firm cofounded by PayPal billionaire and Trump backer Peter Thiel), and many more. This creates a disastrous cocktail. Take a group of people who directly profit from ongoing war and then put those same people at the heart of government. Who’s going to make the case for peace?

Note: The above article was extracted from bestselling author Naomi Klein's new book, "No Is Not Enough: Defeating the New Shock Politics". For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

CNN accepted the resignations Monday of three journalists involved in a retracted story about a supposed investigation into a pre-inaugural meeting between an associate of President Donald Trump and the head of a Russian investment fund. The story was posted on the network's website on Thursday and was removed, with all links disabled, Friday night. CNN immediately apologized to Anthony Scaramucci, the Trump transition team member who was reported to be involved in the meeting. The story had been quickly questioned both internally and externally, including by the conservative site Breitbart News. It was determined that the story was posted without going through the expected checks and balances for a story of such sensitivity, the executive said. The failure to follow proper procedures is what led to the resignations, the CNN executive said. It's not immediately clear what in the story is factually incorrect, or whether CNN will continue to report on the issue. The retracted story had said the Senate investigations committee was looking into a January 16 discussion between Scaramucci and Kirill Dmitriev, whose Russian Direct Investment Fund guides investments by U.S. entities in Russia. Scaramucci, in the story, said he exchanged pleasantries in a restaurant with Dmitriev. The report also said that two Democratic senators wanted to know whether Scaramucci had indicated in the meeting whether sanctions against Russia would be lifted, a decision that could impact the investment fund.

Note: CNN supervising producer John Bonifield was recently caught on camera admitting that CNN's Russia narrative is unsupported by proof but good for ratings. For more along these lines, see concise summaries of deeply revealing media corruption news articles from reliable sources.

Foxconn’s enormous Longhua plant is a major manufacturer of Apple products. It might be the best-known factory in the world; it might also might be among the most secretive and sealed-off. The vast majority of plants that produce the iPhone’s component parts and carry out the device’s final assembly are based here. The sprawling factory was once home to an estimated 450,000 workers. In 2010, Longhua assembly-line workers began killing themselves. Worker after worker threw themselves off the towering dorm buildings, sometimes in broad daylight, in tragic displays of desperation – and in protest at the work conditions inside. The corporate response spurred further unease: Foxconn CEO, Terry Gou, had large nets installed outside many of the buildings to catch falling bodies. Workers were made to sign pledges stating they would not attempt to kill themselves. “It’s not a good place for human beings,” says [a former Foxconn worker], who goes by the name Xu. He’d worked in Longhua for about a year, until a couple of months ago, and he says the conditions inside are as bad as ever. The work is very high pressure and he and his colleagues regularly logged 12-hour shifts. Management is both aggressive and duplicitous, publicly scolding workers for being too slow and making them promises they don’t keep, he says, [painting] a bleak picture of a high-pressure working environment where exploitation is routine and where depression and suicide have become normalised.

Note: This is an edited extract from "The One Device: The Secret History of the iPhone" by Brian Merchant. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

As grocery shoppers work to digest Amazon’s massive acquisition of Whole Foods for $13.7 billion, the digital storefront recently scored a victory that aims to reinforce the company’s growing investments in brick-and-mortar retail. Amazon was awarded a patent May 30 that could help it choke off a common issue faced by many physical stores: Customers’ use of smartphones to compare prices even as they walk around a shop. But Amazon now has the technology to prevent that type of behavior when customers enter any of its physical stores and log onto the WiFi networks there. Titled “Physical Store Online Shopping Control,” Amazon’s patent describes a system that can identify a customer’s Internet traffic and sense when the smartphone user is trying to access a competitor’s website. When that happens, Amazon may take one of several actions. It may block access to the competitor’s site, preventing customers from viewing comparable products from rivals. It might redirect the customer to Amazon’s own site or to other, Amazon-approved sites. It might notify an Amazon salesperson to approach the customer. Or it might send the customer’s smartphone a text message, coupon or other information designed to lure the person back into Amazon’s orbit.

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

Overdoses are now the leading cause of death of Americans under the age of 50. According to preliminary data compiled by The New York Times, deaths last year likely topped 59,000 - 19 percent more than the year before. In Ohio, they were up even more. On May 26, Cleveland Police Sgt. Timothy Maffo-Judd's body camera was running as he approached a man slumped in his car. It turned out that the man was minutes from a fatal drug overdose. Three applications of Narcan - the anti-overdose drug - and the victim finally started coming around. Maffo-Judd says it's become a grim routine, and he's even encountered the same person twice. "That's pretty common," he says. In Ohio, at least 4,100 people died from unintentional drug overdoses last year - a 36 percent increase from 2015, when the state led the nation in overdose deaths. Kentucky, West Virginia and New Hampshire have also experienced shocking increases, along with the East Coast. Most of it is tied to heroin or prescription painkillers, often laced with a powerful synthetic opioid known as fentanyl. In Ohio alone, nearly four billion opioid pills were prescribed across Ohio between 2011 and 2015. Ohio is now suing five big drug companies that manufacture prescription painkillers, charging that they knowingly minimize the risks of addiction. As Attorney General Mike Dewine put it: "They knew they were wrong but they did it anyway and they continue to do it."

Note: This excellent article has lots more on the intense level of corruption found in this opioid crisis. For more, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry.

Say what you like about Bilderberg, but they’ve got a sense of humour. The agenda for this year’s secretive summit of the global elite [gets] big laughs straight off the bat by describing themselves as “a diverse group of political leaders and experts”. They’re trumpeting the diversity of a conference where less than 25% of the participants are female. And as for racial diversity, there are more senior executives of Goldman Sachs at this year’s Bilderberg than there are people of colour. Perhaps by “diverse” they mean that some of the participants own hedge funds, whereas others own vast industrial conglomerates. Some are on the board of HSBC, others are on the board of BP. That sort of thing. But my favourite joke by far from this year’s agenda is this item: “The war on information”. Bilderberg is concerned about fake news? The world’s most secretive conference, which is spending hundreds of thousands of dollars keeping the press away from its sacred discussions, which has spent decades lying and obfuscating about itself, wants to ensure the spread of truth? Many times before I’ve been detained by armed police for trying to report on this conference. If Bilderberg wants an answer to “Why is populism growing?” – another question on the agenda – they might take a look in the mirror. People aren’t all that comfortable with unaccountable technocratic elites and billionaire globalists lobbying their ministers and party leaders behind closed doors.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Bilderberg and other influential secret societies.

The entire pharmaceutical industry is floated by a protectionist racket. Drugs that are in fact very cheap to make are kept artificially expensive – we have drugs that cost $1,000 a pill here in America that sell for $4 in India, for instance. The means of keeping prices high vary, but include lengthy patents to push production of generics into the future, the barring of foreign competition, and the prohibition of negotiations to lower prices for bulk purchases by both the federal and state governments. Without government intervention, the pharmaceutical industry would be profitable, but it wouldn't be the massive cash factory it is now. In 2015, for instance, the 20 largest drug companies made a collective $124 billion in profits. All the industry needs to protect those sums is the continued cooperation of Congress. So naturally it spends money ... to make sure they always have just enough dependable people in office to block change. Which brings us ... to drug importation. Trump announced early in the race that he was in favor of bringing in cheaper drugs from Canada and made it a big stump theme. The Democrats, meanwhile, put allowing importation of drugs from countries like Canada in their platform last summer. The seeming synergy of the two candidates' positions led to the hope that something might actually be done about the problem, no matter who won. No such luck. Trump's support for drug importation basically went up in smoke from the moment he started filling out his executive appointees.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and throughout Big Pharma.

Important Note: Explore our full index to revealing excerpts of key 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.