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.

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.

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.

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.

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.

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

Environmentalists have taken to streets around the world to protest against seed giant Monsanto at the same time as the company is facing a $62 billion takeover by Bayer, the German drugs giant. More than 400 simultaneous demonstrations against genetically modified crops and pesticides were organised around the world this weekend. The protests took place in over 40 countries. They come come as Monsanto faces an unsolicited takeover offer by Bayer, the chemical giant that invented aspirin. The deal could create the world’s biggest supplier of farm chemical and genetically modified seeds. Up to 3,000 protesters, rallied by environmental organisations including Greenpeace and Stop TAFTA, an anti-capitalist group, gathered in Paris, according to Agence France Presse. Protesters voiced their anger against Monsanto’s herbicide Roundup which is classified as “probably carcinogenic to humans” by the World Health Organisation. In the US, where 90 per cent of corn, soybean and cotton is genetically modified, campaigners promoted the march with a billboard in Times Square, showing a topless model and the slogan: “Keep GMOs out of your genes.” On Monday Bayer made an unsolicited $62 billion all-cash offer to acquire Monsanto. A concentration of corporate power in the agriculture and chemical sector would be bad news for both farmers and consumers. It would accelerate the decrease in crop diversity while limiting consumer choice. Farmers would ... find it harder to choose what they grow and how they grow it.

Note: Bayer's pesticides have been implicated in the collapse of bee populations. Glyphosate, the main ingredient in Monsanto's "RoundUp" pesticide, is now the most heavily-used agricultural chemical ever and probably causes cancer. For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.

Rick Friday has been giving farmers a voice and a laugh every Friday for two decades through his cartoons in Farm News. Now the long-time Iowa farm cartoonist [says] he has been fired. Friday announced ... that his job was over after 21 years in a Facebook post that has since gone viral: "I am no longer the Editorial Cartoonist for Farm News due to the attached cartoon which was published yesterday. Apparently a large company affiliated with one of the corporations mentioned in the cartoon was insulted and cancelled their advertisement with the paper, thus, resulting in the reprimand of my editor and cancellation of its Friday cartoons after ... over 1,090 published cartoons to over 24,000 households per week in 33 counties of Iowa. "I did my research and only submitted the facts in my cartoon. The cartoon features two farmers talking about farming profits. The first says, "I wish there was more profit in farming." The second farm[er] answers, "There is. In year 2015 the CEOs of Monsanto, DuPont Pioneer and John Deere combined made more money than 2,129 Iowa farmers." Friday received an email from his editor at Farm News cutting off their relationship a day after the cartoon was published. Friday’s editor said a seed dealer pulled their advertisements with Farm News as a result of the cartoon, and others working at the paper disagreed with the jokes made about the agriculture corporations.

Note: See the cartoon at this link. For more along these lines, see concise summaries of deeply revealing news articles on income inequality and mass media.

Just months before Rob Bilott made partner at Taft Stettinius & Hollister, he received a call on his direct line from a cattle farmer. The farmer, Wilbur Tennant of Parkersburg, W.Va., said that his cows were dying left and right. He believed that the DuPont chemical company, which until recently operated a site in Parkersburg that is more than 35 times the size of the Pentagon, was responsible. Tennant had tried to seek help locally, he said, but DuPont just about owned the entire town. He had been spurned not only by Parkersburg’s lawyers but also by its politicians, journalists, doctors and veterinarians. Bilott decided right away to take the Tennant case, [and] filed a federal suit against DuPont in the summer of 1999. Dozens of boxes containing thousands of unorganized documents began to arrive at Taft’s headquarters: private internal correspondence, medical and health reports and confidential studies conducted by DuPont scientists. The story that Bilott began to see ... was astounding in its breadth, specificity and sheer brazenness. DuPont was nothing like the [other chemical] corporations he had represented at Taft. "DuPont had for decades been actively trying to conceal their actions. They knew this stuff was harmful, and they put it in the water anyway. These were bad facts." He had seen what the ... tainted drinking water had done to [the Tennants'] cattle. What was it doing to the tens of thousands of people in the areas around Parkersburg who drank it daily from their taps?

Note: Read the complete, detailed account of the lawsuit that exposed DuPont's massively harmful criminality at the link above. Read more about the thousands of people DuPont knowingly poisoned in this article. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

In approving genetically engineered salmon as safe to eat and safe for the environment, the Food and Drug Administration rejected petitions from environmental and food safety groups asking that companies selling this salmon be required to label it as genetically engineered. Congress should overturn that decision. The salmon, made by AquaBounty Technologies of Maynard, Mass., has genes inserted that allow it to grow to market size twice as fast as wild salmon. At least one consumer group has announced plans to sue the F.D.A. to overturn its approval of the engineered salmon. Some leading grocery chains, responding to consumer concerns, have said they won’t sell the genetically engineered salmon. The F.D.A. said there is no reason to mandate labeling because there is no material difference between engineered and natural fish. But the value of that information should be left to consumers to decide. Vermont enacted a law last year that will require labeling of genetically engineered foods starting next July unless a suit filed in June 2014 by four industry trade groups derails it. Other states with strong consumer movements may try to follow. The House passed a bill on July 23, 2015, that would pre-empt states from requiring such labeling, and industry groups are pressing the Senate to attach similar language as a rider to an omnibus spending bill. The Senate should rebuff that tactic and allow states to adopt mandatory labeling laws if they wish.

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

When you watch your Smart TV, it could also be watching you. Vizio, a top television maker, automatically tracks the viewing habits of Smart TV owners and shares that information with advertisers in a way that could connect those preferences to what those customers do on their phones or other mobile devices. Vizio's "Smart Interactivity Program" is turned on by default for its 10 million Smart TV customers. The company analyzes snippets of what you watch, be it on Netflix or traditional television, and connects patterns in your viewing behavior with your Internet Protocol address - an online identifier that can be used to pinpoint every device connected from your home. That includes everything from your laptop and phone to your smart thermostat. That information is then shared with Vizio's partners. There are laws that limit how companies share information about video watching habits, including the Video Privacy Protection Act (VPPA). However, Vizio says that those laws do not apply to its tracking service because the company associates IP addresses with the data rather than a person's name or other "personally identifiable information." Some U.S. courts have held that IP addresses do not constitute personally identifiable information. However, privacy regulators in the European Union disagree. And IP addresses are increasingly used by data brokers to paint detailed portraits of who people are.

Note: In 21st century America, TV watches you. For more along these lines, see concise summaries of deeply revealing news articles about the disappearance of privacy.

The NFL is considering giving back taxpayer money to the Defense Department, as both of Arizona's senators accuse the Pentagon of paying pro teams to stage events honoring the military. They uncovered nearly $7 million in contracts with items they called "paid patriotism." From an Army reservist singing the national anthem to National Guard members unfurling the American flag, honoring the military is commonplace in professional sports, reports CBS News correspondent Jan Crawford. But some of these events are little more than marketing gimmicks, said Sen. Jeff Flake. "Fans assume when they see these tributes that it's being done because of patriotism," Flake said. "To find out that the taxpayers are paying for some of these, it just kind of cheapens the whole thing." According to Flake and fellow Arizona Sen. John McCain, the Defense Department has 122 marketing deals with pro sports teams worth $10.4 million. Seventy-two of those deals had items the two Republicans called "paid patriotism." The Baltimore Ravens, the fifth biggest recipient of military marketing dollars, got more than half a million dollars from the Maryland Army National Guard for patriotic events at their games. In fact, NFL franchises are pocketing the most money from the government."The Department of Defense is always saying we're strapped for funds, then we find out that in some cases they're paying for these paid tributes on the field," Flake said.

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

If you were freaked out by the news in June that an anesthesiologist had talked trash about her patient while he was unconscious on the table in front of her, you'd better brace yourself. There's more and it's ... much worse. In an anonymous essay published in the Annals of Internal Medicine this week, one physician describes — in graphic detail — what happened to two women when they were asleep in operating rooms. The stories are horrifying. "I bet she's enjoying this," one doctor reportedly said while prepping a woman for a vaginal hysterectomy. In another case, an obstetrician performed an obscene dance after saving the life of a woman who was bleeding out after having a baby. In a letter accompanying the essay, the editorial team agonized over whether to publish the piece. Everyone agreed that [it] was "disgusting and scandalous" and could damage the profession's reputation. But some argued that this was why they shouldn't publish it while others felt that was why they should publish it. In the end they said they decided to do so in order to "expose medicine's dark underbelly." They said the first incident "reeked of misogyny and disrespect — the second reeked of all that plus heavy overtones of sexual assault and racism." The journal's editors ... hope that medical educators and others will use the essay as a "jumping-off point for discussions that explore the reasons why physicians sometimes behave badly. If the essay squelches such behavior even once, then it was well worth publishing," they wrote.

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

There are constitutional requirements for providing adequate health care to our incarcerated populations. In 1976, the U.S. Supreme Court decided in Estelle v. Gamble that “deliberate indifference to serious medical needs of prisoners constitutes the ‘unnecessary and wanton infliction of pain’ ... proscribed by the Eighth Amendment.” In 1993, in Helling v. McKinney, the court decided that prison officials cannot expose inmates to environments that “pose an unreasonable risk of serious damage” to their future health. Since then, however, frequent reports and lawsuits ... strongly suggest that many U.S. prisons and jails have ignored these rulings. Allegations of subpar care in Arizona provide a good example of how correctional health care dysfunction puts cancer patients at extreme risk. In March 2012, the ACLU and allied prisoners’ rights groups filed a lawsuit against the Arizona Department of Corrections (ADC) and several state officials [that] points to several cases of what it describes as poorly treated, or untreated, cancer. The American Friends Service Committee-Arizona released a report in October 2013 [which] found that some 105 prisoners died in custody from March 2012 to June 2013. The AFSC studied 14 deaths in depth. Six involved metastatic cancers. “This clearly indicates that the conditions were long-standing and suggests that these deaths might have been preventable had the individuals received more timely care,” the report charges.

Note: In 2013, the ADC terminated its contract with prison health contractor Wexford. A billion dollar company named Corizon then got the lucrative contract. According to the New York Times, inmate deaths increase at Corizon-serviced facilities. For more along these lines, see concise summaries of deeply revealing news articles about the corrupt prison industry.

Former House Intelligence Committee Chairman Mike Rogers has formed a new pressure group ... to serve as the “premiere national security and foreign policy organization during the 2016 debate” and to “help elect a president who supports American engagement and a strong foreign policy.” Roger’s group, Americans for Peace, Prosperity, and Security, is hosting candidate events and intends to host a candidate forum later this year. A look at the business executives helping APPS steer presidential candidates towards more hawkish positions reveals that many are defense contractors who stand to gain financially from continued militarism. Rogers may have a conflict of interest as well. Explaining the goals of his group to a news outlet in Indiana, Rogers lamented the lack of “surveillance capabilities” and warned of increasing threat of cyberwarfare. “It’s not unusual for the arms industry to use front groups to press for a more aggressive foreign policy,” says William Hartung, director of the Arms & Security Project at the Center for International Policy. “It sounds a lot more credible when a group called ‘Americans for Peace, Prosperity and Security’ calls for a policy shift than if the same argument comes out of the mouth of an arms executive or lobbyist whose livelihood is tied to the spread of tension and conflict,” Hartung said.

Note: Read a powerful essay by a top US general exposing the war machine titled "War is a Racket." For more, see concise summaries of deeply revealing electoral process corruption news articles from reliable major media sources.

Major drug companies took hefty price increases in the U.S., in some cases more than doubling listed charges, for widely used medications over the past five years, a Reuters analysis of proprietary data found. Prices for four of the nation's top 10 drugs increased more than 100 percent since 2011, Reuters found. Six others went up more than 50 percent. Together, the price increases on drugs for arthritis, high cholesterol, asthma and other common problems added billions in costs for consumers, employers and government health programs. Extraordinary price hikes by two small companies, Turing Pharmaceuticals and Valeant Pharmaceuticals International Inc ... drew new attention to drug costs. Turing expected to book $200 million by raising the price of Daraprim, an antiparasitic used for a rare infection, by 5,000 percent, according to company documents released by Congressional investigators. Routine price increases by bigger players may draw less attention, but they add up. Sales for the top 10 drugs went up 44 percent to $54 billion in 2014, from 2011, even though prescriptions for the medications dropped 22 percent, according to IMS Health data. Even after discounts, pharmacy benefit managers told Reuters they pay annual price increases on top medications of up to 10 percent. By comparison, the U.S. consumer price index rose an average of 2 percent annually over the last five years.

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

Many Oklahomans can still vividly recall the day they experienced their first earthquake. Ever since 2009/2010, earthquakes in the state have increased exponentially – leading to what are called “seismic swarms”. In 2000 there was not a single earthquake, but in 2014 we experienced 585 quakes of magnitude three or larger. For some time now, scientists have wondered whether fracking-related activities, such as wastewater injection, might be the source of increased seismic activity in Oklahoma. In May of last year, the Oklahoma Geological Survey, an affiliate entity of the University of Oklahoma, released a statement in conjunction with the United States Geological Survey, saying that wastewater injection was a “likely contributing factor the increase in earthquakes”. Not long after this statement, David Boren, president of the university, summoned the Oklahoma Geological Survey’s lead seismologist Austin Holland, who was also one of the authors of the statement, to a meeting with Harold Hamm, CEO of ... one of Oklahoma’s largest oil and gas exploration and production companies. Boren facilitated the meeting despite the fact that he also serves as a member of the Continental Resources board of directors. In July 2014, Continental Resources released a presentation positing an alternative theory for the seismic swarms and downplaying the influence of induced seismicity. One can only imagine the pressure this meeting must have brought upon Holland and his team of scientists.

Note: Jason W Murphey, an Oklahoma State Representative, wrote the above. For more on this, read this informative New York Times article titled "As Quakes Rattle Oklahoma, Fingers Point to Oil and Gas Industry." For more along these lines, see concise summaries of deeply revealing news articles about corruption in science.

What President Obama called for in his State of the Union: completion and adoption of the Trans-Pacific Partnership free-trade agreement, or TPP, for the Asia-Pacific region. The president [and other TPP supporters] make two major arguments. One is that the trade pact would create lots of new jobs and raise American incomes and living standards. The other is that it would strengthen U.S. alliances in Asia while curbing Chinese influence. Over the last 35 years, the U.S. has ... concluded many free-trade agreements. In advance of each, U.S. leaders promised the deals would create high-paying jobs, reduce the trade deficit, increase GDP and raise living standards. None of these [promises] came true. In fact, the U.S. non-oil trade deficit continued to grow, millions of jobs were offshored and mean household income has hardly risen since 2000. And economists overwhelmingly agree that rising U.S. income inequality is being driven in part by international trade. The ever-closer linking of the U.S. economy to those of the TPP countries over the last 35 years has not ... deterred U.S. trade partners and allies from developing ever closer ties with China. The TPP is not going to bring together nations such as Mexico, Peru, Chile, New Zealand, Australia, Singapore, Malaysia and Brunei to gang up against China. That is just not going to happen. Thus the TPP fails on both economic and political grounds.

Note: Read an excellent Washington Post article showing how the claim of 65,000 jobs created with the TPP is a blatant lie and manipulation. Then watch an excellent, two-minute video by former U.S. Secretary of Labor Robert Reich on the TPP titled "The Worst Trade Deal You've Never Heard of," or read leaked draft texts of the Trans-Pacific Partnership for yourself.

Mark Devries ... a documentary filmmaker who flew spy drones over North Carolina pig farms, claims to have captured video footage showing oceans of untreated animal waste ... oozing into the green Carolina countryside, in some cases close to residential areas. [Devries] shot the drone footage as part of a two-year investigation into the public-health consequences of waste management on farms operated by Smithfield Foods Inc. -- the largest pork producer in the country. Devries said he first became aware of the “toxic cesspools” after speaking with neighbors who live near Smithfield facilities. “I was shocked,” Devries said. “Pig manure is fairly similar to human waste, so it would be similar to having a pit of untreated human sewage the size of several football fields out in the open -- and in many cases, right in the vicinity of people’s homes.” A spokeswoman for Smithfield Foods said [that] state and federal regulators “sign off” on the company’s treatment systems. The meat-packing giant is no stranger to criticism from environmentalists and animal-rights groups. Its “sea of waste” once earned it one of the largest fines ever from the Environmental Protection Agency, Rolling Stone reported in 2006. The project is likely to further spur the debate over “ag-gag” laws, which make it illegal to conduct undercover investigations at agricultural facilities. Although ag-gag is often framed as an animal-rights issue, such laws also meet with fierce opposition and legal challenges from free-speech advocates. “The issue that it brings up is a much broader issue of laws criminalizing information gathering by the press,” Devries said.

Note: Learn how cruelly pigs are treated in this revealing video. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

More than 300 international companies including Pepsi, Ikea, FedEx, AIG, Deutsche Bank and Abbott Laboratories allegedly secured secret deals from Luxembourg to drastically reduce their global tax bills. The International Consortium of Investigative Journalists (ICIJ), citing leaked documents, reported that the companies appear to have channelled hundreds of billions of dollars through the European duchy, and saved billions of dollars in taxes. PricewaterhouseCoopers is alleged to have helped multinational companies obtain at least 548 tax rulings in Luxembourg from 2002 to 2010. These legal secret deals allegedly feature complex financial structures designed to create drastic tax reductions. The rulings provide written assurance that companies' tax-saving plans will be viewed favourably by Luxembourg authorities. Some firms have allegedly enjoyed effective tax rates of less than 1% on the profits they've shuffled into Luxembourg. The ICIJ claims to have reviewed 28,000 pages of confidential documents before reaching its conclusion. The documents include hundreds of private tax rulings, known as "comfort letters", that Luxembourg provides to corporations seeking favourable tax treatment. Earlier, the European Union (EU) initiated a probe on Luxembourg over its tax treatment of big companies such as Amazon and Fiat Finance, which apparently violated European law. Luxembourg officials have supplied some information to the EU in connection with the investigation but have refused to provide a larger set of documents relating to its tax rulings.

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

Goldman Sachs and HSBC are among four platinum and palladium dealers to be sued in New York for allegedly fixing the price of the metals. The four companies are said to have rigged prices for eight years. BASF and Standard bank were also sued in the first lawsuit of its kind in the US. The four defendants declined to comment. Modern Settings, a Florida-based maker of jewellery and police badges, said purchasers lost millions of dollars. The Florida company filed the complaint in Manhattan federal court. The companies were accused of having conspired since 2007 to rig the twice-daily platinum and palladium fixings. It is alleged that the companies illegally shared customer data and then used that information to engage in front running ... a form of market manipulation in which traders profit by using information about their clients' trading intentions. Traders will often know how a particular client order will affect the market and can place their own trades ahead of that order to benefit. The four companies in this case are also accused of manufacturing "spoof" orders. Goldman, HSBC and Standard Bank declined to comment. International regulators have tightened scrutiny of pricing benchmarks in recent years. The tighter regulation comes after a currency trading scandal and the Libor scandal, which fixed a benchmark interest rate.

Note: For more along these lines, see these concise summaries of deeply revealing articles about widespread corruption in banking and finance. For additional information, see the excellent, reliable resources provided in our Banking Corruption Information Center.

Would you cram a dog into a crate for her entire life, never letting her out, until you took her to the pound to kill her? Of course you wouldnt, and yet thats effectively what happens to most mother pigs in this country. They spend their lives in what are called gestation crates ... immobilized in these crates until they are taken to the slaughterhouse. Pigs are smart. They learn rudimentary video games as quickly as chimpanzees. When abnormally enclosed, their muscles and bones waste away, and they go insane from boredom. Fortunately, were seeing changes. Were seeing policies to get rid of these crates from the likes of McDonalds, Burger King and Smithfield Foods. Weve also seen bills or initiatives passed in nine states that require that all pigs be given at least enough space to turn around. Its a modest improvement, but the pork producers are fighting it. These laws are bipartisan. A poll conducted last month by Mason-Dixon Polling and Research found that 93 percent of New Jersey voters wanted to see these crates banned. A year ago, Gov. Chris Christie vetoed a ... bill (to ban gestation crates) that had passed the Assembly and Senate by huge bipartisan majorities.

Note: For more along these lines, see this excerpt of a deeply revealing ABC News article about standardized animal cruelty in chicken farming.

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.