Corporate Corruption News Articles

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The US has overtaken Singapore, Luxembourg and the Cayman Islands as an attractive haven for super-rich individuals and businesses looking to shelter assets behind a veil of secrecy, according to a study by the Tax Justice Network (TJN). The US is ranked third, behind Switzerland and Hong Kong, in the financial secrecy index, produced every two years by TJN. But the study noted that if Britain and its affiliated tax havens such as Jersey were treated as one unit it would top the list. “Though the US has been a pioneer in defending itself from foreign secrecy jurisdictions it provides little information in return to other countries, making it a formidable, harmful and irresponsible secrecy jurisdiction,” the TJN report said. The scale of hidden offshore wealth around the world is difficult to assess. The economist Gabriel Zucman has put it at $7.6tn, while the TJN’s James Henry, a former chief economist at consultancy McKinsey, estimated three years ago it could be more than $21tn. The US states of Delaware, Wyoming and Nevada have for decades been operating as onshore secrecy havens, specialising in setting up shell companies catering to overseas individuals and companies seeking to hide assets. “The US has not seriously addressed its own role in attracting illicit financial flows and supporting tax evasion,” the TJN report found. Like the US, Britain too remains a central player in the vast financial secrecy industry despite championing corporate transparency on the international stage.

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

No industry has aligned itself more closely with the breast cancer movement than the cosmetics industry. Yet while they prominently claim to care about women with breast cancer, their pink ribbon products all too often actually increase risk of the disease. Look Good Feel Better is a ... program run by the Personal Care Products Council (PCPC), the largest national trade group for the cosmetics industry, and the American Cancer Society (ACS), the nation’s largest cancer charity. They hold free workshops that give beauty tips and complimentary makeup kits to women in cancer treatment. Member companies of the [PCPC] donate cosmetic products for the kits given to cancer patients. The American Cancer Society administers the program nationwide. Many of the Look Good Feel Better kits contain ... carcinogens and hormone disruptors. These chemicals ... increase breast cancer risk, [and] interfere with breast cancer treatment. Most breast cancers are hormone-driven and common treatments target the body’s hormonal system. Some hormone disruptors – including methylparaben, which is in concealer and face wipes the ACS is giving to cancer patients – have been shown in a lab to interfere with Tamoxifen, a common hormonal breast cancer treatment. While the European Union has banned 1,300 chemicals from use in cosmetics, the United States has banned fewer than one dozen. The Personal Care Products Council spends millions of dollars lobbying against cosmetic safety regulations.

Note: Read about another example of egregious "pinkwashing" by a fracking company. And watch a promising new documentary on suppressed cancer cures. For more, see concise summaries of deeply revealing corporate corruption news articles, or learn about the promising cancer research too often suppressed in mainstream media.

The integrity of research and expert opinions in Washington came into question last week, prompting the resignation of Robert Litan, an economist, from his position as a nonresident fellow at the Brookings Institution. Senator Elizabeth Warren raised the issue of a conflict of interest in Mr. Litan’s testimony before a Senate committee. The testimony was based on a paper Mr. Litan had prepared for the Capital Group, a mutual fund company. Mr. Litan disclosed that the Capital Group, which has a stake in the debate, had funded his paper, but he did not disclose that it had also commissioned it. At stake is the integrity of the research process and the trust the nation puts in experts, who advise governments and testify in Congress. Had [Litan's] conclusions not pleased the Capital Group, it would probably have found a more compliant expert. And the reputation of not being “cooperative” would have haunted Mr. Litan’s career as a consultant. The practice of bending an opinion for money is so widespread as to be the norm. By shedding light on how funding of research can affect its content, Senator Warren increased the reputational penalty for experts who bend to special interests. But we need two more changes. Congressional testimony and policy papers should be posted online at least two weeks in advance of a hearing and open for comments. And all expert witnesses should be disclosed to the public, with a time delay if needed for confidentiality.

Note: Read more about how big money buys off institutions democracy depends on. Then see these concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

According to a new book called Saving Capitalism ... rather than rescuing capitalism, the newly announced Trans-Pacific Partnership deal may simply perpetuate the problems identified by the book's author ... former U.S. labour secretary Robert Reich. From the Protection of Lawful Commerce in Arms Act, which shields the firearms industry from lawsuits by bereft family members, to laws that let companies charge high rates for slow internet, Reich offers a depressing litany of rules made by governments for the sole purpose of protecting rich corporations at the expense of the American public. "Contrary to the conventional view of an American economy bubbling with innovative small companies, the reality is quite different," Reich writes. In left-leaning circles, the conventional view is that creating equality requires redistribution of wealth from the rich to the poor. Reich says the real problem is something he calls "pre-distribution." By lobbying for laws such as those that make life-saving pharmaceuticals expensive and technological patents unbreakable, large corporations and their teams of lawyers rig the game in their favour long before the issue of redistribution arises. Drug companies are rewarded not for inventing drugs but for extending the exclusivity of existing drugs. (The TPP does exactly that.) Companies like Google, Amazon and Apple capture the value of patents and then are rewarded for "strategic litigation" to prevent anyone else from using them.

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

Have you heard about TTIP? If your answer is no, don’t get too worried; you’re not meant to have. The Transatlantic Trade and Investment Partnership is a series of trade negotiations being carried out mostly in secret between the EU and US. As a bi-lateral trade agreement, TTIP is about reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations. It is, as John Hilary, Executive Director of campaign group War on Want, said: “An assault on European and US societies by transnational corporations.” Since before TTIP negotiations began last February, the process has been secretive and undemocratic. But ... the covert nature of the talks may well be the least of our problems. TTIP’s biggest threat to society is its inherent assault on democracy. One of the main aims of TTIP is the introduction of Investor-State Dispute Settlements (ISDS), which allow companies to sue governments if those governments’ policies cause a loss of profits. In effect it means unelected transnational corporations can dictate the policies of democratically elected governments. There are around 500 ... cases of businesses versus nations going on around the world at the moment. They are all taking place before ‘arbitration tribunals’ made up of corporate lawyers appointed on an ad hoc basis, which according to War on Want’s John Hilary, are “little more than kangaroo courts” with “a vested interest in ruling in favour of business.”

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

Quebec-based Valeant Pharmaceutical's price hikes of drugs long off patent has raised the ire of U.S. legislators and frustrated Canadian physicians. Democrats on the House of Representatives committee on oversight and government reform sent a letter Monday to the committee's Republican chairman seeking a subpoena that would force Valeant to turn over documents tied to the U.S. price hikes of two heart drugs. In the U.S., the price of Isuprel or Isoprenaline increased 2,500 per cent and Nitropress went up 1,700 per cent in three years, as the drug changed hands. Valeant purchased the rights to both heart drugs from Marathon Pharmaceuticals in February. As huge overnight drug price hikes becomes an election issue in the U.S., some doctors in Canada struggle to get other prices rolled back. In late 2013, Valeant Canada announced that as of January 2014, the price of a one-month supply of Syprine would match the U.S. price of roughly $13,244, or about 13 times higher than the previous price. The medication makes the difference between a full and productive life or a downward course of increasing liver and neurological disease. For physicians, the price increase put them in the position of having to tell patients their disease can be managed or cured but at an out-of-pocket price of $200,000 a year for the rest of their lives.

Note: For more along these lines, see concise summaries of deeply revealing news articles about big pharma profiteering from reliable major media sources.

General Motors has agreed to pay a $900m fine to avoid a criminal investigation into allegations that it deliberately hid information about a fault that led to the deaths of at least 124 people. As part of the settlement with the Department of Justice on Thursday, GM admitted that it “failed to disclose to its US regulator and the public a potentially lethal safety defect” and “further affirmatively misled consumers about the safety of GM cars afflicted by the defect”. The company paid the fine in order to avoid being criminally charged with scheming to conceal the fact that a fault with its ignition switch could lead to engines suddenly turning off and brakes being disabled. America’s largest car maker eventually recalled 2.6m cars to replace the faulty ignition switch. An investigation found that GM engineers and lawyers knew about the defect for more than a decade before the company admitted to any problem and began the recall. GM fired 15 employees following the 2014 internal investigation. Clarence Ditlow, executive director of the Center for Automotive Safety, a nonprofit advocacy group, said: “GM killed over a 100 people by knowingly putting a defective ignition switch into over 1 million vehicles. Today thanks to its lobbyists, GM officials walk off scot-free while its customers are six feet under.”

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

Pediatrician Carla Nelson ... waited for the ambulance plane to take the infant from Waimea, on the island of Kauai, to the main children’s hospital in Honolulu. It was the fourth [severe heart malformation] she had seen in three years. There have been at least nine in five years, she says, shaking her head. That’s more than 10 times the national rate. Corn that’s been genetically modified to resist pesticides [is] a major cash crop on four of [Hawaii's] six main islands. In Kauai, chemical companies Dow, BASF, Syngenta and DuPont spray 17 times more pesticide per acre than on ordinary cornfields in the US mainland. About a fourth of the total are called Restricted Use Pesticides because of their harmfulness. Just in Kauai, 18 tons – mostly atrazine, paraquat (both banned in Europe) and chlorpyrifos – were applied in 2012. The World Health Organization this year announced that glyphosate, sold as Roundup, the most common of the non-restricted herbicides, is “probably carcinogenic in humans”. When the spraying is underway ... residents complain of stinging eyes, headaches and vomiting. At these times, many crowd the waiting rooms of the town’s main hospital, which was run until recently by Dow AgroSciences’ former chief lobbyist in Honolulu. The chemical companies that grow the corn ... refuse to disclose with any precision which chemicals they use, where and in what amounts, but they insist the pesticides are safe. Today, about 90% of industrial GMO corn grown in the US was originally developed in Hawaii.

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

DuPont: “one of the most successful and sustained industrial enterprises in the world,” as its corporate website puts it. Perhaps no product is as responsible for its dominance as Teflon. For more than 60 years C8 was an essential ingredient of Teflon. As part of a 2005 settlement over contamination around a West Virginia plant, a team of three scientists ... were charged with determining if and how the chemical affects people. The science panel found that C8 was “more likely than not” linked to ulcerative colitis - as well as to high cholesterol; pregnancy-induced hypertension; thyroid disease; testicular cancer; and kidney cancer. The scientists’ findings, published in more than three dozen peer-reviewed articles, were striking, because the chemical’s effects were so widespread throughout the body and because even very low exposure levels were associated with health effects. DuPont scientists had closely studied the chemical for decades and through their own research knew about some of the dangers it posed. Yet rather than inform workers, people living near the plant, the general public, or government agencies responsible for regulating chemicals, DuPont repeatedly kept its knowledge secret. Another revelation about C8 makes all of this more disturbing: This deadly chemical that DuPont continued to use well after it knew it was linked to health problems is now practically everywhere. A man-made compound that didn’t exist a century ago, C8 is in the blood of 99.7 percent of Americans.

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

The Securities and Exchange Commission just ruled that large publicly held corporations must disclose the ratios of the pay of their top CEOs to the pay of their median workers. About time. In 1965, CEOs of America's largest corporations were paid, on average, 20 times the pay of average workers. Now, the ratio is over 300 to 1. It turns out the higher the CEO pay, the worse the firm does. Professor Michael J. Cooper of the University of Utah [and colleagues] recently found that companies with the highest-paid CEOs returned about 10 percent less to their shareholders than do their industry peers. So why aren't shareholders hollering about CEO pay? Because corporate law in the United States gives shareholders at most an advisory role. They can holler all they want, but CEOs don't have to listen. Larry Ellison, the CEO of Oracle, received a pay package in 2013 valued at $78.4 million, a sum so stunning that Oracle shareholders rejected it. That made no difference because Ellison controlled the board. In Australia, by contrast, shareholders have the right to force an entire corporate board to stand for re-election if 25 percent or more of a company's shareholders vote against a CEO pay plan two years in a row. Which is why Australian CEOs are paid an average of only 70 times the pay of the typical Australian worker. The new SEC rule requiring disclosure of pay ratios ... isn't perfect. Some corporations could try to game it. But the rule marks an important start.

Note: The above article was written by former U.S. Secretary of Labor Robert Reich. For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.

The United Nations has spent half a billion dollars on contracts with a Russian aviation company since discovering one of its helicopter crews in the Democratic Republic of the Congo drugged and raped a teenage girl in a sexual attack. The girl was dumped naked and unconscious inside the helicopter base. Internal UN documents, marked “strictly confidential” and leaked to the Guardian, reveal how the UN’s internal complaints unit uncovered evidence the woman was abused ... by the manager in charge of UTair’s base in Kalemie, eastern DRC. The main investigative report, from March 2011, warned of a possible “culture of sexual exploitation and abuse” at UTair. Copies of that report were circulated among top officials at the UN. The company was permitted to continue doing business with the UN on the condition it introduce a new training regime overseen by a monitor. The disclosures come at a critical moment for the UN secretary general, who has struggled to contain the fallout from recent revelations concerning the sexual abuse of children by French and other peacekeeping troops in the neighbouring Central African Republic. “It wasn’t just one or two bad apples,” said a senior UN official familiar with the report and its fallout. “It was clear the problems of sexual exploitation were wider.” In total, the company ... has been granted contracts worth $543.3m for services provided in 11 countries since the UN became aware it had a problem with sexual exploitation.

Note: Watch powerful evidence in a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles on sex abuse scandals from reliable major media sources.

Hydraulic fracturing uses a host of highly toxic chemicals that could be contaminating drinking water supplies, wildlife and crops, according to a report released Thursday by a California science panel. The long-awaited final assessment from the California Council on Science and Technology said that because of data gaps and inadequate state testing, overwhelmed regulatory agencies do not have a complete picture of what oil companies are doing. The risks and hazards associated with about two-thirds of the additives used in fracking are not clear, and the toxicity of more than half, the report concluded, remains “uninvestigated, unmeasured and unknown. Basic information about how these chemicals would move through the environment does not exist.” Seth Shonkoff, lead author on the public health sections of the report, said he was surprised to learn during his research that recycled wastewater from oil fields was being used on crops. “We've got to know what to test for ... to know that what we are putting onto the crops is safe,” he said. “Until we have that data, I don't know how we can assure farmers and consumers that their food is safe.” Among the findings of the report: Oil operations in federal waters offshore are discharging wastewater directly into the ocean, against EPA regulations, more than half the produced water from fracked wells is disposed of in unlined pits, [and] about one-third of the oil field wastewater pits in the Central Valley are operating without proper permits.

Note: For more along these lines, read this Los Angeles Times article about how fracking poisons drinking water, and see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

A court has heard that manipulating Libor rates was so commonplace an offer of a Mars bar could get it changed. Tom Hayes, who worked for UBS and Citigroup ... is the first person to face a jury trial for manipulating the key interest rate, used to set trillions of pounds of investments. The court was shown ... transcripts of exchanges between traders using UBS's internal messaging system. The conversations all related to moving Libor rates, said Mr Hayes, to assist the traders' and banks' commercial interests, something he said he found it hard to see as wrong. In one chat, Mr Hayes suggests the market is rife with dealers attempting to influence rates: "Very, very hard to price stuff with the fixes so manipulated and inconsistent." His correspondent replies: "The fixes are manipulated?" "Yes, of course they are," says Mr Hayes. "Just give the cash desk a Mars bar and they'll set wherever you want." He has alleged throughout his trial that ... senior managers, even the chief executive of the bank, knew all about it. He said he was "shocked" when his manager phoned him asking him not to mention Libor rate-setting in any emails. The court was also shown an email exchange between senior management appearing to show they had reservations about Mr Hayes. "Personally I find it embarrassing when he calls up his mates to ask for favours on high/low fixings. What's the legal risk to UBS asking others to manipulate rates?" The Libor scandal has seen a number of the world's leading banks fined for manipulating rates.

Note: For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.

Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. Holder will reassume his lucrative partnership (he made $2.5 million the last year he worked there) and take his seat in an office that reportedly was kept empty for him in his absence. At issue is the extraordinary run Holder just completed as one of history's great double agents. For six years, while brilliantly disguised as the attorney general of the United States, he was actually working deep undercover ... as the best defense lawyer Wall Street ever had. After six years of letting one banker after another skate on monstrous cases of fraud, tax evasion, market manipulation, money laundering, bribery and other offenses [by] handing out soft-touch settlements to practically every Too Big to Fail bank in the world, [Holder] returns to a firm that represents many of those same companies: Morgan Stanley, Wells Fargo, Chase, Bank of America and Citigroup, to name a few. Going by the massive rises in share price observed after he handed out these deals, his service was certainly worth many billions of dollars to Wall Street. Now he will presumably collect assloads of money from those very same bankers. It's one of the biggest quid pro quo deals in the history of government service. Holder ... institutionalized a radical dualistic approach to criminal justice, essentially creating a system of indulgences wherein the world's richest companies paid cash for their sins and escaped the sterner punishments the law dictated.

Note: The revolving door between Wall Street and government officials is well known. But in Holder's case, the corporate door remained wide open throughout his time as a public servant. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

JPMorgan Chase has agreed to pay at least $125 million to settle probes by U.S. state and federal authorities that the bank sought to improperly collect and sell consumer credit card debt. The settlement also includes about $50 million in restitution. The nation's largest bank has been accused of ... going after consumers for debts they may not have owed and for providing inaccurate information to debt buyers. The U.S. Consumer Financial Protection Bureau (CFPB), 47 states and the District of Columbia are expected to announce the settlements as soon as Wednesday. Mississippi and California are not expected to settle at the same time. Both have lawsuits pending against JPMorgan over debt collection practices. California Attorney General Kamala Harris sued in 2013, claiming the bank engaged in fraudulent and unlawful debt collection practices against 100,000 California credit card borrowers over some three years. The state claims the bank flooded state courts with questionable lawsuits, filing thousands every month, including 469 such lawsuits in one day alone. Mississippi Attorney General Jim Hood's lawsuit filed a similar lawsuit against JPMorgan in 2013. In September 2013, the U.S. Consumer Financial Protection Bureau ordered JPMorgan to refund $309 million to about 2 million customers for illegal credit card practices, including charging consumers for credit card monitoring services they did not receive.

Note: Read how JPMorgan Chase uses settlements like the ones described above to hide criminal wrongdoing while actually making money in "The $9 Billion Witness". For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.

A report by the Environmental Protection Agency (EPA) last month found that hydraulic fracturing for oil and gas can lead, and has led, to the contamination of drinking water. It was the first time the federal government had admitted such a link. But Gretchen Goldman, a lead analyst at the Center for Science and Democracy at the Union for Concerned Scientists, told the Guardian that the EPA’s study – which is now open for comment – was nothing “more than a literature review” and called for the industry to be required to divulge greater data. Goldman says the EPA backed down from its initial promise to undertake prospective studies, which would have involved following a well site and testing its waters before, during and after fracking activities had begun. Such a study would have shed objective light on the fracking process and pushed scientific knowledge forward, she says. Even when companies were forced to share information through state regulations, they were still allowed to withhold ... the identity and mixture of chemicals that are injected into the ground through wells, together with water, at high intensity to fracture underground rocks and release oil or gas. In 2005 lobbying efforts by the oil and gas industry proved successful, with hydraulic fracturing activities exempted from certain sections of the Safe Drinking Water Act, including permit application.

Note: For more along these lines, read this Los Angeles Times article about how fracking poisons drinking water, and see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

Last week, WikiLeaks disturbed many journalists with an initiative to crowd-source a $100,000 “bounty” on the text of the Trans-Pacific Partnership trade deal. In traditional newsrooms, the idea of offering a cash incentive for the leaking of confidential documents is anathema. But WikiLeaks ... leaves us no choice but to reconsider this prohibition. The TPP exceeds agreements like Nafta in scope and scale and involves far-reaching foreign policy decisions. Its measures will touch the lives of every citizen in the 12 countries expected to sign the pact. Chapters already leaked suggest that the deal restricts fair use of copyrighted material, expands medical patents and weakens public policies that govern net neutrality. Members of Congress can read the text in a secure room but cannot discuss its contents publicly. Representatives from about 600 private corporations are said to have access to the document. Yet the public is excluded. WikiLeaks has arrived at a flawed solution to a very real problem. We have reached a point in the evolution of global democracy at which secrecy and transparency are grotesquely imbalanced. Right now, the bounty may be the best shot we have at transforming the TPP process from a back-room deal to an open debate. But we need a better system to discourage unjustified secrecy, to protect sources and to encourage public-interest whistle-blowing.

Note: The Trans-Pacific Partnership may be a pending disaster. But we do not know for sure, because its contents remain secret. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

Two former Merck & Co Inc scientists accusing the drugmaker of falsifying tests of its exclusive mumps vaccine said in a court filing on Monday that Merck is refusing to respond to questions about the efficacy of the vaccine. Attorneys ... who represent the scientists asked U.S. Magistrate Judge Lynne Sitarski of the Eastern District of Pennsylvania to compel Merck to respond to their discovery request, which asks the company to give the efficacy of the vaccine as a percentage. Instead of answering the question, the letter said, Merck has been consistently evasive ... saying it cannot run a new clinical trial to determine the current efficacy, and providing only data from 50 years ago. The two scientists, Stephen Krahling and Joan Wlochowski, filed their whistleblower lawsuit in 2010 claiming Merck, the only company licensed by the Food and Drug Administration to sell a mumps vaccine in the United States, skewed tests of the vaccine by adding animal antibodies to blood samples. As a result, they said, Merck was able to produce test results showing that the vaccine was 95 percent effective, even though more accurate tests would have shown a lower success rate. The plaintiffs said these false results kept competitors from trying to produce their own mumps vaccines, since they were unable to match the effectiveness Merck claimed.

Note: For more, read this excellent mercola.com article revealing how a single vaccine can bring in $6 billion in revenue to one company. Read in a CNN report that all 40 Harvard students who recently came down with the mumps had been vaccinated against the disease. For more along these lines, see concise summaries of deeply revealing vaccine controversy news articles from reliable major media sources.

WikiLeaks on Wednesday released 17 different documents related to the Trade in Services Agreement (Tisa), a controversial pact currently being hashed out between the US and 23 other countries – most of them in Europe and South America. The document dump comes at a tense moment in the negotiations over a series of trade deals. President Barack Obama has clashed with his own party over the deals as critics have worried about the impact on jobs and civil liberties. Unions, which fear heavy job losses once long-standing trade protections are dismantled, reacted with dismay following publication of the previously hidden documents. Rosa Pavanelli, general secretary of the Public Services International union, said: “It is outrageous that our democratically elected governments will not tell us the laws they are making. What has our democracy come to when the community must rely on Wikileaks to find out what our governments are doing on our behalf?” Nick Dearden, director of the charity Global Justice Now ... said: “These leaks reinforce the concerns of campaigners about the threat that TISA poses to vital public services. There is no mandate for such a far-reaching programme. It’s a dark day for democracy when we are dependent on leaks like this for the general public to be informed of the radical restructuring of regulatory frameworks that our governments are proposing.”

Note: According to an investigation by The Guardian, it cost about $1,148,971 to "fast-track" the Trans-Pacific Partnership (TPP), another secret trade deal. How much are corrupt corporations paying to corrupt politicians to purchase their favor for TISA?

Federal law designates the secretary of state as “responsible for the continuous supervision and general direction of sales” of arms, military hardware and services to foreign countries. In practice, that meant that [Hillary] Clinton was charged with rejecting or approving weapons deals — and when it came to Clinton Foundation donors, Hillary Clinton’s State Department did a whole lot of approving. While Clinton was secretary of state, her department approved $165 billion worth of commercial arms sales to Clinton Foundation donors. That figure ... is almost double the value of arms sales to those countries during the same period of President George W. Bush’s second term. The Clinton-led State Department also authorized $151 billion of separate Pentagon-brokered deals for 16 of the countries that gave to the Clinton Foundation. That was a 143 percent increase in completed sales to those nations over the same time frame during the Bush administration. The 143 percent increase in U.S. arms sales to Clinton Foundation donors compares to an 80 percent increase in such sales to all countries over the same time period. American military contractors and their affiliates that donated to the Clinton Foundation — and in some cases, helped finance speaking fees to Bill Clinton — also got in on the action. Those firms and their subsidiaries were listed as contractors in $163 billion worth of arms deals authorized by the Clinton State Department.

Note: If you can not access this article at the link above, it is also available here. If you look at war and global politics from the point of view of war profiteering, you can see why despite popular opposition to war, it never stops. Read an excellent essay by a top US general exposing how war is a racket.

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.