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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.


The FBI’s Hunt for Two Missing Piglets Reveals the Federal Cover-Up of Barbaric Factory Farms
2017-10-05, The Intercept
https://theintercept.com/2017/10/05/factory-farms-fbi-missing-piglets-animal-...

FBI agents are devoting substantial resources to a multistate hunt for two baby piglets that the bureau believes are named Lucy and Ethel. The two piglets were removed over the summer from the Circle Four Farm in Utah by animal rights activists who had entered the Smithfield Foods-owned factory farm to film the brutal, torturous conditions in which the pigs are bred. The rescue of these two particular piglets has literally become a federal case - by all appearances, a matter of great importance to the Department of Justice. On the last day of August, a six-car armada of FBI agents in bulletproof vests ... descended upon two small shelters for abandoned farm animals. Subsequent events confirmed that this show of FBI force was designed to intimidate the sanctuaries, which played no role in the rescue. Obviously, the FBI and Smithfield - the nation’s largest industrial farm corporation - don’t really care about the missing piglets. What they care about is the efficacy of a political campaign intent on showing the public how animals are abused at factory farms, and they are determined to intimidate those responsible. Deterring such campaigns ... is, manifestly, the only goal here. What made this piglet rescue particularly intolerable was an article that appeared in the New York Times days after the rescue, which touted the use of virtual reality technology by animal rights activists to allow the public to immerse in the full experience of seeing what takes place in these companies’ farms.

Note: Those who expose at wrongdoing at factory farms are increasingly treated more harshly by US law than the companies perpetrating this wrongdoing. When activist drone footage exposed toxic cesspools around Smithfield Farms in 2014, North Carolina responded with legislation designed to silence whistle-blowers. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the food system.


Wells Fargo aggressive with consumers, careful with companies
2017-09-12, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfchronicle.com/business/article/Wells-Fargo-aggressive-with-consu...

Wells Fargo’s admission that its employees created up to 3.5 million fraudulent accounts suggests a reckless, out-of-control culture. But the San Francisco banking giant seems to have a split personality of sorts. While branch employees aggressively pressured consumers ... commercial bankers adopted a relatively stingy approach to lending money to companies. That strategy allowed Wells Fargo to avoid the same kind of bad commercial loans that wiped out many banks during the financial crisis a decade ago. Had Wells Fargo applied the same due diligence to consumer banking as it did to commercial banking, the company might have avoided its current troubles. How do we reconcile these reckless/conservative sides of Wells Fargo? For one thing, federal regulators were not exactly keeping a close watch over Wells Fargo’s consumer business. Over the past two decades, the Office of the Comptroller of the Currency, which is charged with protecting consumers, issued just 448 enforcement actions against Wells Fargo, even as the bank’s total assets have soared from nearly $200 billion in 1998 ... to $1.85 trillion today. The sheer size ... of the bank allows different divisions to essentially act like separate companies. That means community and commercial operations can boast completely different strategies and methods of compensating employees. In Wells Fargo’s case, branch employees would receive more pay if they hit aggressive sales goals, prompting them to open fraudulent accounts.

Note: Read more about the massive fraud perpetrated by Wells Fargo. Steve Glazer, chairman of the California Senate Banking and Financial Institutions Committee, recently compared this bank's actions with the behavior of Enron when its culture of corruption initially came to light. For more along these lines, see concise summaries of deeply revealing banking corruption news articles from reliable major media sources.


New ads accuse Big Tobacco of targeting soldiers and people with mental illness
2017-08-24, Washington Post
https://www.washingtonpost.com/national/health-science/new-ads-accuse-big-tob...

Truth Initiative, a leading tobacco-control nonprofit, has bought TV ads to run this Sunday during MTV’s Music Awards that accuse tobacco companies of purposely targeting mentally ill people and U.S. soldiers. The ads focus on this stark but little known fact: Roughly 40 percent of cigarettes sold in the U.S. are smoked by people with mental health issues, including depression, anxiety or substance-abuse problems. The ads also note that 38 percent of military smokers start after enlisting. Robin Koval, chief executive of Truth Initiative, accused tobacco companies of exploiting the mentally ill and military for profit. The latest ads from Truth cite internal tobacco industry documents that discuss ways to make inroads into the mentally ill population. They note that tobacco companies even distributed free cigarettes to psychiatric facilities at one point, and tried to sell the idea that they would help steady patients’ nerves. For years, experts say, psychiatrists and therapists often resisted counseling their patients to quit smoking. Their reasoning was that patients would be overburdened by trying to quit smoking. [A] change in approach has begun to spark new partnerships and joint programs between tobacco-control groups and groups like the National Alliance for Mental Illness. At the same time, concern has also increased about smoking among military service members, because of the [young] age when most enlist.

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


Bernie Sanders’ Drug Price Bill Would Save Billions, Congressional Analysts Say
2017-07-31, International Business Times
http://www.ibtimes.com/political-capital/bernie-sanders-drug-price-bill-would...

Allowing Americans to purchase lower-priced medicines from other countries would save the federal government alone more than $6 billion, according to a new analysis from the Congressional Budget Office. Under existing law, drugmakers are permitted to produce pharmaceuticals abroad and then import them into the United States, where ... they charge Americans the highest prices for medicines in the world. However, while drugmakers themselves are allowed to import medicines, current law prohibits U.S. consumers and pharmaceutical wholesalers from doing so, even when the same medicines are sold at much lower prices abroad. Spending millions on campaign donations and lobbying, the pharmaceutical industry has for years successfully fought off legislation to end the prohibition. This year — nearly 17 years after President Bill Clinton’s administration killed ... drug importation legislation — the importation initiative has once again been renewed. Looking to take advantage of President Donald Trump’s promise to lower drug prices, Vermont Sen. Bernie Sanders ... introduced the Affordable and Safe Prescription Drug Importation Act on Feb. 28. Overall, campaign spending by the pharmaceutical industry is skyrocketing. Congressional donations from pharmaceutical PACs are up 11 percent as compared with a similar time frame in 2015, and donations to ranking members of health-related committees have risen by 80 percent from two years ago. Lobbying is also on the rise, according to a Kaiser Health News analysis.

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


Newly Released Documents Show Government Misled Public on Fannie/Freddie Takeover
2017-07-25, Rolling Stone
http://www.rollingstone.com/politics/features/taibbi-government-misled-public...

In August 2012, [the US] unilaterally changed the terms of the bailout of Fannie Mae and Freddie Mac. The government originally insisted on a 10 percent annual dividend in exchange for what ultimately became a $187 billion rescue. In 2012, the government quietly changed that 10 percent deal to one in which the state simply seized all profits. The press paid almost no attention to this event, [even though] it was one of the most important decisions of the bailout era. Fannie Mae and Freddie Mac were two of the biggest companies on earth, and held about $5 trillion in mortgage debt. They had gone bust during the crash years. But by the summer of 2012 ... they were about to start making [enormous piles of] money again. The government has always insisted it didn't know this. Officials have insisted that they needed 100 percent of Fannie and Freddie's profits because ... Fannie and Freddie would otherwise be unable to pay back what they owed. But documents just released in a court case show that the government privately believed just the opposite before it made its historic decision. [One key document] concluded that the government would end up getting more through the "revenue sweep" than it would ... if "the 10% [dividend] was still in effect." The documents that came out this week were released in a lawsuit brought by Fannie and Freddie shareholders who believe that the government stole billions of dollars in profits from them.

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


California to List Herbicide as Cancer-Causing; Monsanto Vows Fight
2017-06-27, New York Times
https://www.nytimes.com/reuters/2017/06/27/us/27reuters-usa-glyphosate-califo...

Glyphosate, an herbicide and the active ingredient in Monsanto Co's popular Roundup weed killer, will be added to California's list of chemicals known to cause cancer effective July 7, the state's Office of Environmental Health Hazard Assessment (OEHHA) said on Monday. Monsanto vowed to continue its legal fight against the designation, required under a state law known as Proposition 65. The listing is the latest legal setback for the seeds and chemicals company, which has faced increasing litigation over glyphosate since the World Health Organization's International Agency for Research on Cancer said that it is "probably carcinogenic" in a controversial ruling in 2015. Dicamba, a weed killer designed for use with Monsanto's next generation of biotech crops, is [also] under scrutiny in Arkansas after the state's plant board voted last week to ban the chemical. OEHHA said the designation of glyphosate ... will proceed following an unsuccessful attempt by Monsanto to block the listing in trial court. Listing glyphosate as a known carcinogen ... would require companies selling the chemical in the state to add warning labels to packaging. Monsanto and other glyphosate producers would have roughly a year from the listing date to re-label products or remove them from store shelves if further legal challenges are lost.

Note: The negative health impacts of Monsanto's Roundup are well known. Major lawsuits are building over Monsanto's lies to regulators and the public about the safety of glyphosate. For more along these lines, see concise summaries of deeply revealing news articles on food industry corruption and health.


Secretive Bilderberg group meetings begin in Virginia
2017-06-01, BBC News
http://www.bbc.com/news/world-us-canada-40125253

A secretive group of elite power brokers is meeting in the US state of Virginia for closed-door discussions over four days. The Bilderberg Meetings have 131 participants from 21 countries in Europe and North America, the group said in a press release. A couple of top advisers to President Donald Trump are to attend the forum, 30 miles (48km) from the White House. The shadowy group is a lightning rod for conspiracy theorists. This year's group includes Mr Trump's Commerce Secretary Wilbur Ross, his National Security Adviser HR McMaster and Peter Thiel, the billionaire Paypal creator who has been a vocal supporter of the president. The forum - at a Westfields Marriott hotel in Chantilly - is also being attended by Trump critic Eric Schmidt, head of Google's parent company. "There is no desired outcome, no minutes are taken and no report is written," the group's rules state. "Furthermore, no resolutions are proposed, no votes are taken, and no policy statements are issued." Other guests include Dutch King Willem-Alexander; David Rubenstein, head of private equity juggernaut the Carlyle Group; and former CIA director John Brennan. Several journalists are joining this year's forum, including London Evening Standard editor George Osborne. A full list of participants is here. Some critics have accused the group - which has met every year since 1954 - of plotting to impose a one-world government.

Note: An article in the U.K.'s Guardian mentions that Chantilly, VA, is the headquarters to the highly secretive National Reconnaissance Office, which has a budget of $10.3 billion. For more along these lines, see concise summaries of deeply revealing news articles on the Bilderberg Group and other secret societies.


The great British Brexit robbery: how our democracy was hijacked
2017-05-07, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/technology/2017/may/07/the-great-british-brexit-r...

The story of Cambridge Analytica is one of the most profoundly unsettling of our time. SCL/Cambridge Analytica [is] effectively part of the ... defence establishment. This is not just a story about social psychology and data analytics. It has to be understood in terms of a military contractor using military strategies on a civilian population. David Miller, a professor of sociology ... and an authority in psyops and propaganda, says it is “an extraordinary scandal that this should be anywhere near a democracy.” David, [an] ex-Cambridge Analytica employee, [was] working at the firm when it introduced mass data-harvesting to its psychological warfare techniques. “It brought psychology, propaganda and technology together in this powerful new way,” David [said]. Facebook was the source of the psychological insights that enabled Cambridge Analytica to target individuals. The company ... bought consumer datasets – on everything from magazine subscriptions to airline travel – and uniquely it appended these with the psych data to voter files. “The goal is to capture every single aspect of every voter’s information environment,” said David. “And the personality data enabled Cambridge Analytica to craft individual messages.” Cambridge Analytica could target people high in neuroticism, for example, with images of immigrants “swamping” the country. Brexit came down to ... just over 1% of registered voters. It’s not a stretch to believe that ... the global 1% found a way to influence this crucial 1% of British voters.

Note: Another Guardian article recently exposed how billionaire Robert Mercer used new technology to build a corporate empire capable of swinging elections. The above article further details how mass media is being combined with Big Data to produce powerful new forms of mind control.


Moms Exposed To Monsanto Weed Killer Means Bad Outcomes For Babies
2017-04-04, Huffington Post
http://www.huffingtonpost.com/entry/moms-exposed-to-monsanto-weed-killer-mean...

Concerns about the world’s most widely used herbicide are taking a new twist. Researchers looking at exposure to the herbicide known as glyphosate, the key ingredient in Monsanto’s Roundup-branded herbicides, said they tested and tracked 69 expectant mothers and found that the presence of glyphosate levels in their bodily fluids correlated with unfavorable birth outcomes. Glyphosate ... has become the subject of hot debate over the last few years because of research that links the herbicide to types of cancer and other health ailments. Monsanto is being sued by hundreds of people who claim they or their loved ones developed non-Hodgkin lymphoma because of exposure to glyphosate-based Roundup. Documents discovered in the course of the litigation indicate the company may have manipulated scientific research to hide evidence of harm. The team that presented their report Wednesday ... collected the data over two years, from 2015-2016, and found that higher glyphosate levels in women correlated with significantly shorter pregnancies and with lower adjusted birth weights. [Paul Winchester, who led the study], said he was surprised to see such a high percentage of women tested showing glyphosate in their urine. He was sharply critical of the U.S. government, which routinely skips testing for glyphosate residues in food.

Note: Major lawsuits are building over Monsanto's lies to regulators and the public on the dangers of glyphosate. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.


Amid opioid crisis, city sues pharma that makes OxyContin
2017-03-14, CBS News
http://www.cbsnews.com/news/everett-claims-purdue-pharma-let-oxycontin-be-fun...

As deaths from painkillers and heroin abuse spiked and street crimes increased, the mayor of Everett took major steps to tackle the opioid epidemic devastating this working-class city north of Seattle. Mayor Ray Stephanson stepped up patrols, hired social workers to ride with officers and pushed for more permanent housing for chronically homeless people. The city says it has spent millions combating OxyContin and heroin abuse. So Everett is suing Purdue Pharma, maker of the opioid pain medication OxyContin, in an unusual case that alleges the drugmaker knowingly allowed pills to be funneled into the black market and the city of about 108,000. “Purdue Pharmaceuticals was knowingly putting OxyContin into the black market in our community,” Stephanson told CBS Seattle affiliate KIRO-TV earlier this year. He said the opioid crisis caused by “Purdue’s drive for profit” has overwhelmed the city’s resources, stretching everyone from first responders to park crews who clean up discarded syringes. In 2007, Purdue Pharma and its executives paid more than $630 million in legal penalties to the federal government for willfully misrepresenting the drug’s addiction risks. The same year, it also settled with Washington and other states that claimed the company aggressively marketed OxyContin ... while downplaying the addiction risk. A Los Angeles Times report [published last summer] found Purdue had evidence that pointed to illegal trafficking of its pills but in many cases did nothing to notify authorities or stop the flow.

Note: For other reliable information on pharmaceutical involvement in the huge increase in opioid deaths, see Dr. Mercola's excellent article. For more along these lines, see concise summaries of deeply revealing pharmaceutical corruption news articles from reliable major media sources.


Unsealed Documents Raise Questions on Monsanto Weed Killer
2017-03-14, New York Times
https://www.nytimes.com/2017/03/14/business/monsanto-roundup-safety-lawsuit.h...

The reputation of Roundup, whose active ingredient is the world’s most widely used weed killer, took a hit on Tuesday when a federal court unsealed documents raising questions about its safety and the research practices of its manufacturer, the chemical giant Monsanto. Monsanto’s internal emails and email traffic between the company and federal regulators ... suggested that Monsanto had ghostwritten research that was later attributed to academics and indicated that a senior official at the Environmental Protection Agency had worked to quash a review of Roundup’s main ingredient, glyphosate, that was to have been conducted by the United States Department of Health and Human Services. The files were unsealed by Judge Vince Chhabria, who is presiding over litigation brought by people who claim to have developed non-Hodgkin’s lymphoma as a result of exposure to glyphosate. The litigation was touched off by a determination made nearly two years ago by the International Agency for Research on Cancer, a branch of the World Health Organization, that glyphosate was a probable carcinogen. Court records show that Monsanto was tipped off to the determination by a deputy division director at the E.P.A., Jess Rowland, months beforehand. That led the company to prepare a public relations assault on the finding well in advance of its publication. Last year, a review by The New York Times showed how the [chemical] industry can manipulate academic research or misstate findings.

Note: The negative health impacts of Monsanto's Roundup are well known. Major lawsuits are beginning to unfold over Monsanto's lies to regulators and the public on the dangers of glyphosate. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.


U.S. Animal Abuse Records Deleted—What We Stand to Lose
2017-02-06, National Geographic
http://news.nationalgeographic.com/2017/02/wildlife-watch-usda-animal-welfare...

Two weeks into the Trump Administration, thousands of documents detailing animal welfare violations nationwide have been removed from the website of the United States Department of Agriculture (USDA), which has been posting them publicly for decades. These are the inspection records and annual reports for every commercial animal facility in the U.S. - including zoos, breeders, factory farms, and laboratories. These records have revealed many cases of abuse and mistreatment of animals, incidents that, if the reports had not been publicly posted, would likely have remained hidden. This action plunges journalists, animal welfare organizations, and the public at large into the dark about animal welfare at facilities across the country. The records document violations of the Animal Welfare Act, the federal law that regulates treatment of animals used for research and exhibition. Adam Roberts, CEO of Born Free USA, an animal advocacy nonprofit ... says the documents shed light on cruelty in “substandard roadside zoos, shameful animal circuses, puppy breeding factories and more.” From now on the documents will be accessible only via official requests made under the Freedom of Information Act (FOIA). FOIA requests can take months to process. That’s far too long, Roberts says. When Born Free receives welfare complaints from concerned citizens, he says the organization has always checked USDA records to see if any complaints had already been made involving the facility or animal in question.

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


Trump Takes Aim At Dodd-Frank, Investor Protections Rule In Executive Action
2017-02-03, NPR
http://www.npr.org/2017/02/03/513224023/trump-to-take-aim-at-dodd-frank-inves...

Trump Takes Aim At Dodd-Frank, Investor Protections Rule In Executive Action
February 3, 2017, NPR
http://www.npr.org/2017/02/03/513224023/trump-to-take-aim-at-dodd-frank-investor...

President Trump signed two directives on Friday, ordering a review of financial industry regulations known as Dodd-Frank and halting implementation of a rule that requires financial advisers to act in the best interests of their clients, according to a senior administration official who briefed reporters on condition of anonymity. Trump himself made his intentions clear. "Dodd-Frank is a disaster," Trump said. "We're going to be doing a big number on Dodd-Frank." These executive actions are the start of a Trump administration effort to reverse or revise financial regulations put in place by the Obama administration. [One] directive will instruct the Treasury secretary to meet with the agencies that oversee the law to identify possible changes. It isn't clear yet how long the review would take, but the official says every aspect of the law will be considered. A second directive would call on the Department of Labor to defer implementation of an Obama-era rule, known as the Fiduciary Rule, requiring financial advisers to act in the best interests of their clients in retirement planning. The deadline for implementation was supposed to be April. Backers of the rule say it will prevent advisers from gouging customers by selling them inappropriate, high-fee products. This rule has been heavily lobbied. Dodd-Frank, passed in 2010, [was intended] to implement comprehensive safeguards to monitor and regulate financial institutions so their potential failures would not pose a risk to the entire economy.

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


Did the EPA Prosecute and Jail a Mississippi Lab Owner Because of Her Activism?
2016-11-25, The Intercept
https://theintercept.com/2016/11/25/did-the-epa-prosecute-and-jail-a-mississi...

Tennie White, who was prosecuted by a joint team made up of attorneys from the Environmental Protection Agency and the environmental crimes division of the Justice Department, had spent her professional life exposing contamination. She was ... particularly vocal about protecting poor African-American communities. Before she was charged and prosecuted, White had spent much of her time volunteering for [the Coalition of Communities for Environmental Justice], an organization she had co-founded to help these Mississippians contend with pollution. She traveled throughout the state ... talking about environmental issues in black communities. So in 2012, when White was charged with fraud by the EPA, the organization she so often criticized, and the charges involved a company she had helped a community challenge, [those] who had been working closely with her felt they knew exactly what had happened. “She was framed,” said [White's former colleague Rev. Steve] Jamison. “It was that simple.” I submitted a Freedom of Information Act request to the EPA for all communications relating to the investigation of Tennie White in April 2016. The agency is supposed to resolve such requests within 20 business days, but I did not receive all the documents I requested. Nor did the EPA respond to my repeated requests to address the specifics of White’s case - and why her sentence for a crime of no environmental consequence was more severe than penalties for many others who caused serious harm.

Note: Despite its mandate to protect human health and the environment, the EPA has a long history of keeping the existence of toxic waste sites secret and preventing employees from talking with congressional investigators, reporters and the agency's own inspector general. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health.


Who's Iris Pear? Nuclear physics conference accepts nonsensical 'autocomplete' study
2016-10-23, Christian Science Monitor
http://www.csmonitor.com/Science/2016/1023/Who-s-Iris-Pear-Nuclear-physics-co...

Next month, Dr. Iris Pear will present her groundbreaking new study at the International Conference on Atomic and Nuclear Physics. Or at least she would, if she were a real person. Iris Pear ... is the invention of Christophe Bartneck, an associate professor ... at New Zealand's University of Canterbury. The study in question is completely nonsensical, procedurally generated by iOS’s autocomplete function. Why, then, did a conference for “leading academic scientists” select it for presentation? Dr. Bartneck received an invitation to submit research for an upcoming conference on nuclear physics. With virtually no background in the subject, he decided to use autocomplete to help write his facetious submission. “I started a sentence with ‘atomic’ or ‘nuclear’ and then randomly hit the autocomplete suggestions,” Bartneck wrote. “The text really does not make any sense.” Bartneck’s abstract is both off-topic and unreadable. And yet, Bartneck received a follow-up email just three hours later – his abstract had been accepted. From there, he could pay $1,099 to register as an academic speaker at the Atlanta, Ga. convention. Many journals are slacking on peer review. In a kind of meta-study, Harvard biologist and science journalist John Bohannon submitted false studies to 304 open-access journals. More than half accepted his paper, which featured fake names and several basic chemistry errors. But the acceptance of Bartneck’s fake study may be less surprising. The conference smacks of a scam.

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


Big pharma approach to drug R&D challenged by UN panel
2016-10-14, CBC News/Reuters
http://www.cbc.ca/news/health/drug-r-and-d-1.3761482

The world cannot rely solely on free markets to deliver medicines needed by billions of people in poor countries, so governments should commit to a legally binding convention to coordinate and fund research and development. That's the conclusion of a major United Nations report. The high-level panel was set up last year by UN Secretary-General Ban Ki-moon to find solutions to the "policy incoherence" between the rights of inventors, international human rights law, trade rules and public health needs. The final report ... calls for a de-linkage of R&D costs and drug prices — at least in areas where the system is failing, such as tropical diseases and the hunt for new antibiotics against "superbug" resistant bacteria. The report attacks the "implicit threats" it says are sometimes used by Western governments and companies to stop poorer countries from exercising their right to over-ride drug patents under World Trade Organization rules. That may not go down well in Washington, given the United States' long-standing defence of the international intellectual property system, which has governed world trade for more than two decades. The panel also calls for greater transparency on the true cost of developing a new drug, citing estimates of anything between $150 million US and $4 billion US per medicine. And it wants disclosure on the real prices paid by insurers and governments for drugs, after discounts. The UN panel consisted of representatives from government, academia, health activism and industry.

Note: Big Pharma has long lobbied for protection of its rights to huge profits from new medicines and kept secret its costs for R&D by refusing to separate these costs from marketing costs. For lots more, read a profoundly revealing essay by the former head of one of the most prestigious medical journals in the world. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and income inequality.


Platform Cooperatives Like Stocksy Have A Purpose Uber And Airbnb Never Will
2016-10-01, Forbes
http://www.forbes.com/sites/danpontefract/2016/10/01/platform-cooperatives-li...

You are undoubtedly familiar with so-called “sharing economy” titans such as Uber and Airbnb. Both companies are wreaking havoc on existing business models. But there is a problem. These are not truly “sharing economy” companies. For the record, I’m with Harvard Business Review authors Giana M. Eckhardt and Fleura Bardhi who made a strong case against using the term “sharing economy” when it comes to firms like Uber and Airbnb. The authors suggested these sorts of businesses - where products and services are traded on the basis of access rather than ownership, when trade is done temporarily and not permanently - ought to be referred to as the “access economy.” While there isn’t anything fundamentally wrong with companies like Uber or Airbnb ... they are not examples of organizations who are truly “sharing”. [Each company] extracts money from its “partners” and reinvests the profit in itself, not those who are its laborers. Which brings me to ... the business model of a “Platform Cooperative.” In its simplest form, a Platform Cooperative is defined as “worker–owned cooperatives designing their own apps-based platforms, fostering truly peer-to-peer ways of providing services and things”. Put differently, those doing the work are owners and are both compensated for such effort and regarded as members of the greater team. A Platform Cooperative is not in it to extract money from its labourers through the rental of talent, service or even capital. Its business model is not about renting access.

Note: Read a great article describing 11 "platform cooperatives" which create a real sharing economy.


Wall Street Whistle-Blower Awarded $22 Million for Revealing the Truth about Monsanto
2016-08-31, Vanity Fair
https://www.vanityfair.com/news/2016/08/wall-street-whistle-blower-monsanto

A whistle-blower who once worked for Monsanto walked away with a handsome payout for alerting regulators to accounting improprieties within the company, according to Reuters. Regulators will reportedly award the former executive with $22 million in connection with the $80 million settlement agreement Monsanto made with the S.E.C. over an incentive program the company ran to promote its trademark weed killer, Roundup. The $22 million payout is the second-highest sum the S.E.C. has given so far to a whistle-blower, behind a $30 million award paid in September 2014. The regulatory agency enacted a program to sweeten the idea of reporting impropriety in 2011, as part of the Dodd-Frank reforms. With between 10 and 30 percent of penalties or settlement agreements made with the government on the line, Wall Streeters and company insiders have all but lined up to tip off the S.E.C. Between September 2014 and September 2015 alone, the agency says 4,000 people forked over information, and more than 30 of them have pocketed a collective $85 million over the last five years.

Note: Monsanto lied to regulators and investors about RoundUp's profitability for three years. Major lawsuits are beginning to unfold over Monsanto's lies on the dangers of Roundup. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.


SEC awards $22 million to Monsanto whistleblower
2016-08-30, CNBC/Reuters
http://www.cnbc.com/2016/08/30/sec-awards-22-million-to-monsanto-whistleblowe...

A former Monsanto executive who tipped the U.S. Securities and Exchange Commission to accounting improprieties involving the company's top-selling Roundup product has been awarded more than $22 million from the agency's whistleblower program. The award of $22,437,800 was tied to an $80 million settlement between the SEC and Monsanto in February, according to the [executive's] lawyer, Stuart Meissner in New York. It is the agency's second largest under the program. The Dodd Frank financial reform law empowered the SEC to award money to whistleblowers who give information to the agency which leads to a fine. Awards to 33 whistleblowers by the SEC's program have now surpassed a total of $107 million since the agency launched the program in 2011, the agency said. Monsanto's $80 million SEC settlement followed allegations that the company misstated its earnings in connection with Roundup, a popular weed killer. The SEC's case against Monsanto revolved around a corporate rebate program designed to boost Roundup sales. The SEC had said that Monsanto lacked sufficient internal controls to account for millions of dollars in rebates that it offered to retailers and distributors. It ultimately booked a sizeable amount of revenue, but then failed to recognize the costs of the rebate programs on its books. That led the St. Louis-based agriculture company to "materially" misstate its consolidated earnings for a three-year period. The award represents more than 28 percent of the total penalty and nearly the 30 percent maximum allowed under the SEC's bounty program.

Note: The above shows that Monsanto has been lying to their investors about how profitable Roundup is while major lawsuits build over the connection between Roundup and cancer. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


Fox News Run As A ‘Playboy Mansion-Like Cult,’ Ex-Host Claims
2016-08-23, Huffington Post
http://www.huffingtonpost.com/entry/andrea-tantaros-fox-news-lawsuit_us_57bc6...

Former Fox News host Andrea Tantaros claims in an explosive new lawsuit that disgraced ex-network chairman Roger Ailes sexually harassed her and that high-ranking executives fostered a newsroom culture in which abusive behavior flourished. Fox News masquerades as defender of traditional family values, but behind the scenes, it operates like a sex-fueled, Playboy Mansion-like cult, steeped in intimidation, indecency and misogyny, the suit reads. Ailes was the primary culprit, according to the suit, but his actions were condoned by his most senior lieutenants who engaged in a concerted effort to silence Tantaros by threats, humiliation, and retaliation. Tantaros' suit is the second leveled against Ailes, but the first to name the network itself and several current executives as co-defendants. Last month, former Fox & Friends host Gretchen Carlson opened the floodgates of sexual harassment accusations against Ailes, a legendary TV executive who built and ran Fox News for two decades after serving as a leading Republican operative and former adviser to three presidents. Ailes is reportedly now advising Republican nominee Donald Trump. Less than two weeks after Carlson made her claims, Ailes stepped down as Fox News chairman. In the suit, Tantaros claimed that Fox News' ... public relations department leaked unflattering information about her, didn't adequately promote her, refused legitimate media requests, and used 'sock puppet' social media accounts to post or direct negative comments about her.

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