Corporate Corruption News Articles

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On its website, Kellogg touted a distinguished-sounding "Breakfast Council" of "independent experts" who helped guide its nutritional efforts. Nowhere did it say this: The maker of Froot Loops and Frosted Flakes paid the experts and fed them talking points. The company paid the experts an average of $13,000 a year, prohibited them from offering media services for products "competitive or negative to cereal" and required them to engage in "nutrition influencer outreach" on social media or with colleagues, and report back on their efforts. For Kellogg, the breakfast council - in existence between 2011 and this year - deftly blurred the lines between cereal promotion and impartial nutrition guidance. The company used the council to teach a continuing education class for dietitians, publish an academic paper on breakfast, and try to influence the government's dietary guidelines. One of the breakfast council's most notable achievements was publishing a paper defining a "quality breakfast" in a nutrition journal. Kellogg touted the paper in its newsletter as being written by "our independent nutrition experts." Dietitians could earn continuing education credits from the publisher for taking a quiz about the paper. Kellogg didn't describe its own role in overseeing editing and providing feedback, such as asking for the removal of a line saying a recommendation that added sugar be limited to 25 percent of calories might be "too high."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in science and in the food system.

Yahoo has been accused of secretly building a customised software programme to search all of its customers’ incoming emails for specific information provided by US intelligence officials. The company complied with a classified US government directive, scanning hundreds of millions of Yahoo Mail accounts at the behest of the National Security Agency or FBI. Reuters said that a number of surveillance experts said this represented the first case to surface of a US Internet company agreeing to a spy agency’s demand by searching all arriving messages, as opposed to examining stored messages or scanning a small number of accounts in real time. The agency also said it was unable to determine what data the company had handed over, and if the intelligence officials had approached other email providers besides Yahoo. US phone and Internet companies are known to have handed over bulk customer data to intelligence agencies. But some former government officials and private surveillance experts said they had not previously seen either such a broad directive for real-time Web collection or one that required the creation of a new computer program. “I’ve never seen that, a wiretap in real time on a ‘selector’,” said Albert Gidari, a lawyer who represented phone and Internet companies on surveillance. A selector refers to a type of search term used to zero in on specific information. He added: “It would be really difficult for a provider to do that.”

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

New York state's attorney general on Tuesday opened an investigation into the pharmaceuticals giant [Mylan], focused on its contracts with local school systems to buy its lifesaving EpiPens. The skyrocketing price of those auto-injection devices, used to counteract potentially fatal allergic reactions, has drawn intense criticism. The office of Attorney General Eric Schneiderman said it launched its probe after a preliminary review revealed Mylan might have inserted anti-competitive terms into its deals to sell EpiPens. Schneiderman's move came within hours of U.S. Sens. Richard Blumenthal, D-Conn., and Amy Klobuchar, D-Minn., asking the Federal Trade Commission to investigate whether Mylan violated federal antitrust laws. "As the cost of EpiPens skyrocketed, schools seeking relief turned to Mylan's 'EpiPen4Schools' program," Blumenthal's office said. "Some of these schools were required to sign a contract agreeing not to purchase any products from Mylan's competitors for a period of 12 months - conduct that can violate the antitrust laws." Schneiderman's probe also comes on the heels of news that Minnesota's attorney general, Lori Swanson, has asked Mylan to provide documents that would justify the company having raised the retail price of EpiPens more than 400 percent. "No child's life should be put at risk because a parent, school, or health-care provider cannot afford a simple, lifesaving device because of a drug-maker's anti-competitive practices," Schneiderman said.

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

In 2014, a man testified that Penn State football coach Joe Paterno ignored his complaints of a sexual assault committed by assistant coach Jerry Sandusky in 1976 when the man was a 14-year-old boy, according to court documents unsealed Tuesday. Four other former assistant football coaches at the school also were aware of Sandusky acting inappropriately with boys before law enforcement was first notified in 1998, according to testimony contained in the documents. The allegations suggest that Paterno may have been made aware of Sandusky’s actions far earlier than has previously been reported, and that knowledge of Sandusky’s behavior may have been far more widespread among the Penn State football staff than previously known. The trove of documents unsealed Tuesday came from a legal dispute between the university and an insurance company over the responsibility for nearly $93 million the school paid in settlements with victims. Additionally, the Paterno family is suing the NCAA for defamation and commercial disparagement; the NCAA is considering using some of the information released Tuesday in its defense. In the Penn State community, an alumni group is pushing for a bronze statue of Paterno to be restored on campus, and for the university to repudiate a 2012 report by former FBI director Louis Freeh that blamed Paterno, other university leaders and a “culture of reverence for the football program” for Sandusky’s rampant sexual abuse.

Note: Read more about how senior Penn State officials covered up Sandusky's crimes due to fears of bad publicity. Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

No red flags were apparent when the Maine Board of Licensure in Medicine checked Dr. Jaroslav “Jerry” Stulc’s background in 2007. But within months of joining a hospital staff, the surgeon was accused of sexual misconduct. The hospital ... suspended him with pay. Then, while he was out, the hospital and medical board learned that Stulc previously had been suspended by a Kentucky hospital following allegations of sexual misconduct. Skirting federal rules, the Kentucky hospital hadn’t reported his suspension or subsequent resignation to the nationwide database established for hospitals and medical boards to share information on physician misconduct. Instead, just before Stulc applied for his Maine license, he and the hospital had agreed that he would voluntarily resign. The hospital wouldn’t mention the suspension ... to anyone who inquired. Such private agreements, along with legal loopholes and outright flouting of the law, are among the reasons the nationwide repository - the National Practitioner Data Bank - can leave patients and medical staff vulnerable, an Atlanta Journal-Constitution investigation found. Even when hospitals and medical boards file reports, they may classify violations in a way that conceals the scope of physician sexual misconduct. Because of such gaps, the AJC - in reviewing board orders, court records and news reports - found about 70 percent more physicians accused of sexual misconduct than the 466 classified as such in the public version of the data bank from 2010 to 2014.

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

The fast rise of Sen. Elizabeth Warren within the Democratic Party has coincided with another phenomenon: the continual use by elite-media journalists of anonymous sources in articles that either criticize Warren directly or warn other politicians about the dangers of embracing ... the policies she advocates. That journalistic trend manifested itself most recently on Monday, in a piece by Ben White in Politico that quoted fully five anonymous sources - including “one top Democratic donor,” “one moderate Washington Democrat” and “one prominent hedge fund manager” - to the effect that Hillary Clinton would be making a major misstep by selecting Warren as her running mate. Warren is an expert in bankruptcy and predatory lending and a leading critic of the financial industry. Is the “top Democratic donor” Politico quoted a self-interested executive at Citigroup or Goldman Sachs fearful that Warren would influence policy decisions? We’ll never know. Journalists in this way let powerful individuals take potshots without any fear of accountability and without the reader being able to discern what conflicts of interest might be involved. And when it comes to Warren in particular, pretty much any “administration official” or “political strategist” interested in advancing a narrative gets the anonymous treatment. The Intercept in short order compiled a list of 15 other articles and political newsletters over the last few years of the anonymously sourced, anti-Warren genre.

Note: The complete list of examples of anti-Warren propaganda articles is available at the link above. For more along these lines, see concise summaries of deeply revealing media manipulation news articles.

In April, the email in-boxes of energy executives filled with alerts from the nation’s top corporate law firms. The subject: the multistate investigation into whether Exxon Mobil committed fraud by publicly discounting the impact of fossil fuels on climate change. The investigations into whether their industry suppressed findings and misled investors, policymakers and the public about global warming not only raise the prospects of criminal charges, but add momentum to a legal campaign [comparable] to the decades-long battle against Big Tobacco. In April, a federal judge in Oregon ruled that a case against the U.S. government for inaction on climate change could proceed, explaining that “the alleged valuing of short term economic interest despite the cost to human life” required examination by the courts. Environmental lawyers have argued for years that governments and companies are legally obligated to reduce greenhouse gas emissions. They had little success, with the U.S. Supreme Court ruling in 2011 that the federal government alone had the power to control carbon emissions. But the recent entry of state prosecutors into the legal battle opens up a new line of inquiry: Did fossil fuel companies mislead their investors and the public on their own views on climate change and the risk it posed to their business? The recent legal rush follows the revelation last year that Exxon had engaged in climate change research in the 1970s and ’80s, and was warned by its own scientists of the growing threat.

Note: Read about the recent New York Attorney General's investigation into Exxon's climate change lies. For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.

In August 2015, Turing Pharmaceuticals and its then-chief executive, Martin Shkreli, purchased a drug called Daraprim and immediately raised its price more than 5,000 percent. Within days, Turing contacted ... PSI, a charity that helps people meet the insurance copayments on costly drugs. Turing wanted PSI to create a fund for patients with toxoplasmosis, a parasitic infection that is most often treated with Daraprim. Having just made Daraprim much more costly, Turing was now offering to make it more affordable. But this is not a feel-good story. It’s a story about why expensive drugs keep getting more expensive, and how U.S. taxpayers support a billion-dollar system in which charitable giving is, in effect, a very profitable form of investing for drug companies - one that may also be tax-deductible. PSI, which runs similar programs for more than 20 diseases, jumped at Turing’s offer. PSI is a patient-assistance charitable organization, commonly known as a copay charity. It’s one of seven large charities ... offering assistance to some of the 40 million Americans covered through the government-funded Medicare drug program. A million-dollar contribution from a pharmaceutical company to a copay charity can keep hundreds of patients from abandoning a newly pricey drug. Fueled almost entirely by drugmakers’ contributions, the seven biggest copay charities, which cover scores of diseases, had combined contributions of $1.1 billion in 2014. For that $1 billion in aid, drug companies “get many billions back” from insurers.

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

Say the name Bernie Madoff, and chances are everyone will immediately remember the Ponzi scheme that bilked investors of $64 billion. What likely won’t spring to mind is JPMorgan Chase’s role in the more than decadelong fraud. And the link is all the more egregious, Helen Davis Chaitman, an attorney who represents 1,600 of Madoff’s victims, and Lance Gotthoffer write in “JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook,” because the federal government has failed to prosecute any of the bankers involved. Madoff trustee Irving Picard laid out JPMorgan’s involvement in a complaint, which was turned into a list of stipulations the government entered as part of a deferred prosecution agreement with JPMorgan. The stipulations outline two violations of the Bank Secrecy Act, under which banks are responsible for alerting authorities to suspected illegal activity by customers. JPMorgan, the world’s sixth-largest bank by total assets, pleaded ignorance of wrongdoing but accepted the stipulations and paid a $1.7 billion fine. [When] Madoff began kiting checks ... Bankers Trust Co. spotted the illegal activity and closed Madoff’s account. That’s when Madoff moved his business to JPMorgan, depositing $150 billion from 1986 through 2008. JPMorgan handled only Madoff’s illegal investment advisory business, not the successful stock trading business that employed 190 of Madoff’s 200 employees. And though the bank was prosecuted, none of the bankers involved with Madoff’s account were.

Note: JP Morgan Chase's role in the Madoff scandal is outrageous, but it is relatively minor in comparison to the massive securities fraud and cover-up perpetrated by this and other corrupt financial institutions.

The Panama Papers affair has widened, with a huge database of documents relating to more than 200,000 offshore accounts posted online. The papers belonged to Panama-based law firm Mossack Fonseca and were leaked by a source simply known as "John Doe". The documents have revealed the hidden assets of hundreds of politicians, officials, current and former national leaders, celebrities and sports stars. They list more than 200,000 shell companies, foundations and trusts set up ... around the world. Offshore companies are not illegal but their function is often to conceal both the origin and the owners of money, and to avoid tax payments. 11.5 million documents [were] originally given to the German newspaper, Sueddeutsche Zeitung. The paper allowed the ICIJ to have access. Hundreds of journalists ... then worked on the data. Their reporting was published last month. On Monday, 300 economists signed a letter urging world leaders to end tax havens, saying they only benefited rich individuals and multinational corporations, while boosting inequality. Last week, "John Doe" issued an 1,800-word statement, citing "income equality" as his motive [for leaking the documents]. He said: "Banks, financial regulators and tax authorities have failed. Decisions have been made that have spared the wealthy while focusing instead on reining in middle- and low-income citizens." He revealed he had never worked for a spy agency or a government and offered to help law authorities make prosecutions in return for immunity.

Note: Explore an excellent webpage on how to use this database of the Panama Papers. For more along these lines, see concise summaries of deeply revealing news articles about financial industry corruption and income inequality.

Bechtel - a behemoth among closely held companies - has been the world’s builder, benefiting from vast government contracts for engineering and infrastructure work in difficult places while it nurtured relationships with power brokers in Washington. In The Profiteers, journalist Sally Denton seeks to unravel the history of Bechtel. Her story is one of “how a dynastic line of rulers from the same American family conducts its business” and how its system of networking now pervades US capitalism. Anecdotes of Bohemian Grove, the secretive retreat that became an all-male “summer camp” for US corporate, political and military elites to toast marshmallows, skinny-dip in the river north of San Francisco and dress in drag for skits, elucidate the chummy nature of big business. As of 2014, [Bechtel's] reported revenue was $37bn, with projects and employees in 37 countries. The corporation’s embrace of Saudi Arabia as a lucrative client and its decades-long and contorted experience in Iraq also makes sense of some aspects of US foreign policy - as well as its intelligence-gathering operations. The life and times of John McCone, a former Bechtel executive who later served as CIA director in the US administrations of Presidents Kennedy and Johnson, is chronicled deftly here. It is worth noting: McCone was and is critical to Bechtel’s dominance today. He devised the idea of “cost-plus contracts” for the toughest jobs sought by government. Contractors are guaranteed a profit in such deals.

Note: Bechtel was at the center of a major Iraqi reconstruction scandal in 2007. More recently, major defense contractors have been publicly congratulating themselves for steering US policy towards militarism. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police. Ranking representatives Maxine Waters of the House Financial Services Committee and Al Green of the Subcommittee on Oversight and Investigations asked the Government Accountability Office on Oct. 8 to launch the "evaluation of regulatory capture" and to focus on the New York Fed. The GAO said it has begun planning its approach. The probe, which had not been previously reported or made public, is the first by an outside agency into the perception that government regulators are "captured" by and too deferential toward the bankers they supervise, so that Wall Street benefits at the public's expense. Such perceptions have dogged the U.S. central bank since it failed to head off the 2007-2009 financial crisis. While the GAO has not yet determined the full scope of the investigation, the other main agencies that embed supervisors inside financial institutions are the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. In their letter, Waters and Green said they are particularly concerned about the New York Fed and reports of a "revolving door" between it and banks and "a reluctance to challenge" the firms.

Note: Are Goldman Sachs' suspicious ties to the New York Fed and the revolving door between Congress and Wall Street finally beginning to get serious attention? For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities, authorities announced Thursday. The nationwide settlement, negotiated by the working group appointed by President Barack Obama in 2012, says the bank acknowledges that it increased the acceptable risk levels for mortgage loans pooled and sold to investors without telling them. Loans with material defects were included, packaged into the securities and sold. The Justice Department said the $2.6 billion federal penalty to resolve claims about the bank's marketing, sale and issuance of those securities is the largest piece of settlements with the working group that have totaled approximately $5 billion. "Our work is far from over," said New York Attorney General Eric Schneiderman, who co-chairs the group. "Communities across the country have not gotten back to where they were before the crash." Total settlements so far are about $64 billion, Schneiderman said. The working group previously reached major settlements with Citigroup for $7 billion, JPMorgan for $13 billion and Bank of America for $16.65 billion. The New York-based investment bank reported a fourth-quarter profit of $908 million.

Note: Since the bailout in 2008, the percentage of US banking assets held by the big banks has almost doubled. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

People rely on unbiased research to find out important statistics about all facets of nutrition. However, recent research from the Charles Perkins Centre at the University of Sydney suggests there is bias in industry-funded research studies ... the full extent of which is still unknown. [Professor Lisa] Bero and her team reviewed 775 reports in the medical literature ... to determine whether nutrition studies funded by the food industry were "associated with outcomes favourable to the sponsor". "Most of the studies only looked at the [author's interpretation] of the research. If it were industry sponsored, they were more likely to have a conclusion that favoured the industry sponsor," Bero said. This latest paper [follows] Bero's previous study which found nutrition studies funded by artificial sweetener companies are more likely to lead to favourable results. So, what happens if more industry sponsored nutrition studies are proven to be biased? "If you look at other areas where the effects of industry sponsorship have been shown, like in the pharmaceutical research area and the tobacco research area, people have actually applied more consistent quality criteria," Bero said. "You'd also want to try to make sure that all the data is being published. In the nutrition area they don't have things like clinical trial registries like they do for drug studies, for example. So if you have a study that's unfavourable or parts of it are unfavourable, it's hard to tell if ... all of it has gotten published. That's a huge bias in the pharmaceutical and tobacco studies."

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

The father of the billionaires Charles G. and David H. Koch helped construct a major oil refinery in Nazi Germany that was personally approved by Adolf Hitler, according to a new history of the Kochs and other wealthy families. The book, “Dark Money,” by Jane Mayer, traces the rise of the modern conservative movement through the activism and money of a handful of rich donors. The book is largely focused on the Koch family, stretching back to its involvement in the far-right John Birch Society and the political and business activities of the father, Fred C. Koch, who found some of his earliest business success overseas in the years leading up to World War II. One venture was a partnership with the American Nazi sympathizer William Rhodes Davis, who, according to Ms. Mayer, hired Mr. Koch to help build the third-largest oil refinery in the Third Reich, a critical industrial cog in Hitler’s war machine. The Kochs’ vast political network, a major force in Republican politics today, was “originally designed as a means of off-loading the costs of the Koch Industries environmental and regulatory fights onto others” by persuading other rich business owners to contribute to Koch-controlled political groups. In Ms. Mayer’s telling, the Kochs helped bankroll - through a skein of nonprofit organizations with minimal public disclosure - decades of victories in state capitals and in Washington, often leaving no fingerprints.

Note: Coincidentally, George Bush's grandfather, the late US senator Prescott Bush, was also in business with the Nazis. The conservative political network overseen by the Koch brothers plans to spend $889 million on US elections in 2016. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.

A report commissioned by the College of Family Physicians of Canada to examine the relationship between doctors and the pharmaceutical industry is being criticized. The document ... was completed in 2013 and only released this month after a number of doctors challenged the college board to make it public. In one of its key findings, the report notes, "There have been instances in which marketing messages have been portrayed as education and health care and pharmaceutical industries have attempted in this way to influence physicians' behaviour or practices," it says. "Evidence suggests that there could also be significant influence on the behaviour of individuals who may be offered gifts or other forms of support, even when the recipients perceive neither obligation nor influence." The report makes 20 recommendations dealing with issues such as conflict of interest, financial relationships, marketing and other relationships with the pharmaceutical and health care industries. But they don't prevent a doctor with ties to the pharmaceutical industry from serving in leadership positions, sponsoring certain events, or even from contributing to an "unrestricted" education fund. Alan Cassels, a drug policy researcher at the University of Victoria, is critical of the college for sitting on the report as long as it did. He suspects the college held it back because it's "pretty embarrassing."

Note: For more along these lines, see concise summaries of deeply revealing news articles about the corruption of science and big pharma profiteering. Then read an in-depth essay titled "The Truth About Drug Companies" by acclaimed author Dr. Marcia Angell.

Two kinds of genetically modified pigs are on their way to becoming ... dinner. But consumers are wary and lack confidence in governments' readiness to regulate this new class of food product. The African swine fever resistant pig has an immune gene that is slightly more like a warthog's. The double-muscle pig has a mutation similar to one produced by normal breeding in a muscly cow breed called the Belgian blue. Lucy Sharratt, co-ordinator for the Canadian Biotechnology Network, said a major reason why consumers are wary is because of the way genetically modified foods are regulated in Canada. Health Canada doesn't do its own testing of the foods, relying instead on data generated by the companies trying to put the foods on the market, which is kept secret. It doesn't disclose what it's assessing. Nor does it consult with farmers or consumers, or require labelling of genetically modified foods after the fact. In the U.S., safety information about genetically modified foods is also kept secret.

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

Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession. Billions of dollars in fines have been levied against major banks and brokerage firms in the wake of the economic meltdown that was in large part triggered by reckless lending and shady securities dealings that blew up a housing bubble. But in an interview with USA Today published Sunday, Bernanke said he thinks that in addition to the corporations, individuals should have been held more accountable. "It would have been my preference to have more investigations of individual actions because obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm," Bernanke said. Asked if someone should have gone to jail, the former Fed chairman replied, "Yeah, I think so." He did not, however, name any individual he thought should have been prosecuted and noted that the Federal Reserve is not a law-enforcement agency. Bernanke is promoting his new 600-page memoir, "The Courage to Act: A Memoir of a Crisis and Its Aftermath."

Note: For more along these lines, see concise summaries of deeply revealing news articles about the US government's massive bank bailout of the corrupt financial industry.

Sen. Elizabeth Warren, stepping up her crusade against the power of wealthy interests, accused a Brookings Institution scholar of writing a research paper to benefit his corporate patrons. Warren’s charge prompted a swift response, with Brookings seeking and receiving the resignation of the economist, Robert Litan, whose report criticized a Warren-backed consumer-protection rule targeting the financial services industry. Warren leveled her criticisms in letters sent Tuesday to Brookings leaders and the Obama administration, citing the $85,000 combined fee that Litan and a co-author received from [Capital Group, a leading mutual fund manager]. Warren called the report “highly compensated and editorially compromised work on behalf of an industry player seeking a specific conclusion.” Her complaint pointed to a relatively new form of influence peddling in the nation’s capital, with industry groups and even foreign governments paying think tanks and scholars for research papers that support lobbying goals. Brookings over the past decade has embarked on aggressive fundraising drives to pay for major expansions. Investigations last year by The Washington Post, the New York Times and others found that donors had gained the ability to influence Brookings’s events and research agenda.

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

You often hear inequality has widened because globalization and technological change have made most people less competitive, while making the best educated more competitive. There’s some truth to this. The tasks most people used to do can now be done more cheaply by lower-paid workers abroad or by computer-driven machines. But this common explanation overlooks ... the increasing concentration of political power in a corporate and financial elite that has been able to influence the rules by which the economy runs. As I argue in my new book, Saving Capitalism: For the Many, Not the Few, this transformation has ... resulted in higher corporate profits, higher returns for shareholders and higher pay for top corporate executives and Wall Street bankers – and lower pay and higher prices for most other Americans. [These changes] amount to a giant pre-distribution upward to the rich. The underlying problem ... is that the market itself has become tilted ever more in the direction of moneyed interests that have exerted disproportionate influence over it, while average workers have steadily lost bargaining power. The most important political competition over the next decades will not be between the right and left, or between Republicans and Democrats. It will be between a majority of Americans who have been losing ground, and an economic elite that refuses to recognize or respond to its growing distress.

Note: This essay was written by former 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.

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.