Corporate Corruption News Articles

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Why is a me-too drug for which there are much cheaper alternatives the second-best selling medicine in the United States? Today, IMS Health released its annual look at the sales of prescription drugs in America. It is the first year in which all of the top ten medicines in America are generics. This year, cancer drugs passed antipsychotic medicines as the top revenue generators. The biggest surprise ... is in the second-place spot: Nexium, ... from AstraZeneca, which generated $6.3 billion in sales. Abilify, from Otsuka and Bristol-Myers Squibb, passed Seroquel from Astra as the top-selling antipsychotic drug for disease like schizophrenia, bipolar disorder, and depression. Crestor, AstraZeneca’s cholesterol drug, has delivered a pretty stunning 5-year sales increase of 190%, apparently grabbing patients for whom Lipitor, from Pfizer, is not powerful enough. Sales do not equal popularity. Only three of these drugs (Lipitor, Plavix, and Singulair) rank among the top 25 most popular medicines. Price is often as big a component in making money as volume.

Jailed for unpaid debts? It happened to breast cancer survivor Lisa Lindsay. She got a $280 medical bill in error and was told she didn't have to pay it. But the bill was turned over to a collection agency, and eventually state troopers showed up at her home and took her to jail in handcuffs. Debt collectors have become so aggressive in some parts of Illinois that they commonly use taxpayer-financed courts, sheriff's deputies and county jails to squeeze poor people who fall behind on small payments of $25 or $50 a month, according to supporters of the proposed legislative reforms. Lawmakers in Springfield are pushing to make it harder to jail poor people who miss court dates or are found in contempt of court as they struggle with unpaid debts — an aggressive practice that got worse, some say, during the recession. Lindsay, a teaching assistant from Herrin in southern Illinois, ended up paying more than $600 because legal fees had been added to the original amount. "I paid it in full so they couldn't do it to me again," Lindsay said. The Illinois bill would require court appearance notices to be served to a debtor's home, rather than merely mailed. It would require arrest warrants to expire after a year, and it would return most bail money to the debtor, rather than allow it to be used to pay off the debt.

Note: For more on this, click here.

The operator of Japan’s tsunami-hit nuclear plant says tons of highly radioactive water appears to have leaked into the ocean from a purification unit. The leak comes as Tokyo Electric Power Co. struggles to keep the melted reactors cool and contain radiation and raises concerns about its ability to keep the plant stable. Similar leaks have occurred several times since last year, and officials say they do not pose an immediate health threat.

Note: For an abundance of major media articles showing major problems with nuclear power, click here.

Scientists have been alarmed and puzzled by declines in bee populations in the United States and other parts of the world. They have suspected that pesticides are playing a part, but to date their experiments have yielded conflicting, ambiguous results. In Thursday’s issue of the journal Science, two teams of researchers published studies suggesting that low levels of a common pesticide can have significant effects on bee colonies. One experiment, conducted by French researchers, indicates that the chemicals fog honeybee brains, making it harder for them to find their way home. The other study, by scientists in Britain, suggests that they keep bumblebees from supplying their hives with enough food to produce new queens. The authors of both studies contend that their results raise serious questions about the use of the pesticides, known as neonicotinoids. “I personally would like to see them not being used until more research has been done,” said David Goulson, an author of the bumblebee paper who teaches at the University of Stirling, in Scotland. “If it confirms what we’ve found, then they certainly shouldn’t be used when they’re going to be fed on by bees.” Environmentalists say that both studies support their view that the insecticides should be banned. The insecticides, introduced in the early 1990s, have exploded in popularity; virtually all corn grown in the United States is treated with them. Neonicotinoids are taken up by plants and moved to all their tissues — including the nectar on which bees feed.

Note: For many disturbing reports from reliable sources on the mysterious mass deaths of animals, click here.

A tax-free bond program that provided below-market financing to build Goldman Sachs Group Inc.’s headquarters is expiring while New York developers say the city’s commercial real estate market still needs support. Congress created the Liberty Bond program in March 2002 with $8 billion in tax-exempt funds to rebuild lower Manhattan after the Sept. 11 terrorist attacks. The allocation ran out last month, and the tax exemption ended on Dec. 31 along with dozens of other breaks for manufacturers, energy companies and transit commuters. Critics that include affordable housing advocates say the bonds were little more than a subsidy for fancy Manhattan apartments and office towers for Goldman Sachs and Bank of America Corp. Developers counter that, more than a decade after the attacks, low-cost financing remains necessary to help lower Manhattan’s commercial market recover. “The Liberty Bonds made available to the World Trade Center site are only enough to support rebuilding a little less than 60 percent of the office space lost on 9/11,” Larry Silverstein, the World Trade Center’s developer, said in an e- mail. “In an ideal world, more such resources would be made available to help jump-start construction of the remaining 40 percent of the office space that was destroyed by terrorists.” His company, Silverstein Properties Inc., received almost $3 billion through the Liberty Bond program to help redevelop the World Trade Center site. Goldman financed construction of its headquarters at 200 West St. with about $1.5 billion in Liberty Bond financing. Bank of America’s tower across from Bryant Park was financed with $650 million in Liberty Bonds.

Note: Larry Silverstein can't stop complaining about terrorists despite the billions of dollars he made from the 9/11 attacks. For his admission on television that WTC 7 was brought down by controlled demolition at his command, not by terrorists, click here.

An Ecuadorian appeals court upheld an $8.6 billion ruling against oil giant Chevron stemming from claims that the company had a detrimental impact on Amazonian communities where it operated. The judgment against Chevron is the latest in 19 years of litigation between Amazon residents and Texaco, which was later purchased by Chevron. In addition, the appeals court ruled that Chevron must publicly apologize to Ecuador, and if it fails to do so, the fine will be doubled to nearly $18 billion. The case, Aguinda v. ChevronTexaco, was originally filed in New York in 1993 on behalf of 30,000 inhabitants of Ecuador's Amazon region. The suit was eventually transferred to the Ecuadorian court and Ecuadorian jurisdiction. The lawsuit alleges that Texaco used a variety of substandard production practices in Ecuador that resulted in pollution that decimated several indigenous groups in the area, according to a fact sheet provided by the Amazon Defense Coalition. According to the group, Texaco dumped more than 18 billion gallons of toxic waste into Amazon waterways, abandoned more than 900 waste pits, burned millions of cubic meters of gases with no controls and spilled more than 17 million gallons of oil due to pipeline ruptures. Cancer and other health problems were reported at higher rates in the area, the group says.

Note: For key reports on corporate corruption from reliable sources, click here.

As video spread of an officer in riot gear blasting pepper spray into the faces of seated protesters at a northern California university, outrage came quickly -- followed almost as quickly by defense from police and calls for the chancellor's resignation. In the video, an officer dispassionately pepper-sprays a line of several sitting protesters who flinch and cover their faces but remain passive with their arms interlocked as onlookers shriek and scream out for the officer to stop. As the images were circulated widely on YouTube, Facebook and Twitter on Saturday, the university's faculty association called on [UC Davis Chancellor Linda] Katehi to resign, saying in a letter there had been a "gross failure of leadership." The protest was held in support of the overall Occupy Wall Street movement and in solidarity with protesters at the University of California, Berkeley. Images of police actions have served to galvanize support during the Occupy Wall Street movement, from the clash between protesters and police in Oakland last month that left an Iraq War veteran with serious injuries to more recent skirmishes in New York City, San Diego, Denver and Portland, Ore. Some of the most notorious instances went viral online, including the use of pepper spray on an 84-year-old activist in Seattle and a group of women in New York.

Note: For a one-minute video of this disturbing action, click here. For an eight-minute video showing how students eventually drive the police out after this, click here.

The radioactive gas xenon, which is often the byproduct of unexpected nuclear fission, was detected at the Fukushima Daiichi plant during tests. Officials were today injecting boric acid as an emergency precautionary measure to stem any accidental chain reactions which could result in further radiation leakages. The discovery of such a gas is likely to be regarded as an unwelcome setback among operators who are keen to achieve cold shutdown by the end of the year. Officials both from Tokyo Electric Power Co, which operates the plant, and from Japan Atomic Energy Agency, were today (WED) reexamining the gases to double check their identity. The discovery of the gases coincided with the controversial reopening of a nuclear reactor in southern Japan – the first to be put back online since the March 11 Fukushima disaster. The Genkai plant in Kyushu was restarted despite strong public opposition, after officials confirmed it had passed safety tests following its closure over technical problems last month. Anti-nuclear public sentiment has been growing across Japan since the nation was caught up in the on-going atomic crisis, the world's worst nuclear disaster since Chernobyl in 1986. Around 40 of Japan's 54 reactors currently remain offline for testing, with the Genkai plant widely regarded as a symbolic first step in restarting dozens more across the country.

Note: For key reports from reliable sources on corporate and government corruption, click here and here.

A decade after the Sept. 11, 2001, attacks on the World Trade Center and the Pentagon, federal and state governments are spending about $75 billion a year on domestic security, setting up sophisticated radio networks, upgrading emergency medical response equipment, installing surveillance cameras and bombproof walls, and outfitting airport screeners to detect an ever-evolving list of mobile explosives. But how effective has that 10-year spending spree been? "The number of people worldwide who are killed by Muslim-type terrorists, Al Qaeda wannabes, is maybe a few hundred outside of war zones. It's basically the same number of people who die drowning in the bathtub each year," said John Mueller, an Ohio State University professor who has written extensively about the balance between threat and expenditures in fighting terrorism. "So if your chance of being killed by a terrorist in the United States is 1 in 3.5 million, the question is, how much do you want to spend to get that down to 1 in 4.5 million?" he said. The vast network of Homeland Security spyware, concrete barricades and high-tech identity screening is here to stay. The Department of Homeland Security, a collection of agencies ranging from border control to airport security sewn quickly together after Sept. 11, is the third-largest Cabinet department and — with almost no lawmaker willing to render the U.S. less prepared for a terrorist attack — one of those least to fall victim to budget cuts.

Note: For a powerful article that goes much deeper into huge sums of money wasted in the war on terror by journalist Glenn Greenwald, click here.

The insurer AIG is suing Bank of America to recover more than $10 billion of losses from a "massive fraud" on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank. American International Group Inc, still largely owned by taxpayers after $182.3-billion of government bailouts, is the latest of a growing number of investors filing lawsuits to hold banks responsible for losses on soured mortgages that contributed to the financial crisis. The AIG complaint accuses Bank of America and its Countrywide and Merrill Lynch units of misrepresenting the quality of mortgages placed in securities and sold to investors. "Defendants were engaged in a massive scheme to manipulate and deceive investors, like AIG, who had no alternative but to rely on the lies and omissions made," said the complaint, being filed in the New York State Supreme Court in Manhattan. Bank of America bought Countrywide for $2.5 billion in July 2008 and acquired Merrill six months later. The Countrywide acquisition is almost universally considered a disaster because of the costs of litigation and writing down bad loans.

Note: For lots more from reliable sources on the government bailout of major banks and Wall Street corporations, click here.

With the first anniversary of the Dodd-Frank financial reform law on July 21, ... what has it accomplished? Consumer advocates, many congressional Democrats and some economists say banks are still too big, the derivatives market remains untamed and opaque, and regulators have been slow to write hundreds of rules. Rules forcing most derivatives trades to be processed through clearinghouses, and backed by collateral, should ... be accepted globally to avoid regulatory arbitrage, in which trading firms move to countries with the least intrusive, and lowest cost, oversight. Less than three years ago, the financial system almost buckled under the weight of worthless mortgages, and the country narrowly avoided another Great Depression. Regulators had been blind to the credit boom and bust; banks took huge risks that exploited regulatory gaps. Today, the economy remains weak ... because of the lingering fallout of the financial crisis. Dodd-Frank isn’t perfect, but already its influence on the financial system has been positive, in ways big and small. Accounting is more transparent; off-balance-sheet assets are largely a thing of the past. [Yet] with the top 10 U.S. banks holding 77 percent of the industry’s domestic assets, compared with 55 percent in 2002, too-big-to-fail is an even bigger worry today. Thomas M. Hoenig, the Kansas City Federal Reserve president, has said that the incentives for risk-taking that existed before the crisis all remain in place.

Note: For many of the most informative reports from major media sources on the financial meltdown and government bailout of the biggest banks, click here.

The food and advertising industries have launched a multi-pronged campaign to squash government efforts to create voluntary nutritional guidelines for foods marketed to children. Calling themselves the Sensible Food Policy Coalition, the nation’s biggest foodmakers, fast-food chains and media companies, including Viacom and Time Warner, are trying to derail standards proposed by four federal agencies. The U.S. Chamber of Commerce has also lent its lobbying muscle to the effort. The guidelines are designed to encourage foodmakers to reduce salt, added sugars and fats in foods and drinks targeted to children. Public-health experts say children, many of whom may lack the critical-thinking skills to understand advertising, are bombarded daily by television ads, Web sites, toy giveaways and cartoon characters promoting junk food. The food and beverage industry spends about $2 billion a year marketing directly to children. The business community has portrayed the government’s guidelines as job-killing government overreach. “We allow companies into our homes to manipulate children to want food that will make them sick,” said Margo Wootan of the Center for Science in the Public Interest.

Note: The "Sensible Food Policy Coalition" is arguing against voluntary guidelines designed to help our children eat more nutritious food. Is that Orwellian doublespeak or what?

Severe storms and tornadoes moving through the U.S. Southeast dealt a severe blow to the Tennessee Valley Authority [on April 27], causing three nuclear reactors in Alabama to shut and knocking out 11 high-voltage power lines, the utility and regulators said. All three units at TVA's 3,274-megawatt Browns Ferry nuclear plant in Alabama tripped about 5:30 EDT after losing outside power to the plant, a spokesman for the U.S. Nuclear Regulatory Commission said. A TVA spokeswoman said the station's backup power systems, including diesel generators, started and operated as designed. External power was restored quickly to the plant but diesel generators remained running Wednesday evening, she said. The Browns Ferry units are among 23 U.S. reactors that are similar in design to the crippled Fukushima Daiichi nuclear plant in Japan where backup generators were swept away in the tsunami that followed the massive earthquake on March 11.

Note: And what might have happened if one of those tornadoes happened to hit a nuclear power plant?

People who down several diet sodas per day are hardly rare. Government surveys have found that people who drink diet beverages average more than 26 ounces per day (some drink far more) and that 3% of diet-soda drinkers have at least four daily. Are these diet-soda fiends true addicts? And if so, what are they addicted to? Research suggests that the artificial sweeteners in diet soda (such as aspartame) may prompt people to keep refilling their glass because these fake sugars don't satisfy like the real thing. "Your senses tell you there's something sweet that you're tasting, but your brain tells you, 'Actually, it's not as much of a reward as I expected,'" says Martin P. Paulus, MD, a professor of psychiatry at the University of California San Diego, and one of the authors of the study. "The consequence might be that the brain says, 'Well, I'll have more of this.'" In other words, artificial sweeteners may spur drinkers -- or their brains -- to keep chasing a "high" that diet soda keeps forever just out of reach. It's not clear that this teasing effect can lead to dependence, but it's a possibility, Dr. Paulus says. "Artificial sweeteners have positive reinforcing effects -- meaning humans will work for it, like for other foods, alcohol, and even drugs of abuse," he says. "Whenever you have that, there is a potential that a subgroup of people ... will have a chance of getting addicted."

Note: This article fails to mention the many scientists and brain surgeons who have gone on record describing the incredible dangers of aspartame, the main ingredient in most artificial sweeteners. To educate yourself on the serious health risks of aspartame, watch the very well researched documentary at this link.

One of the most financially successful cancer drugs in the world appears to cause more fatal side effects than previously realized, a new study says. Avastin, a blockbuster drug with more than $5.5 billion in global sales, increases the rate of fatal side effects by almost 50% when added to traditional chemotherapy, compared with chemo alone. About 2.5% of cancer patients who combine Avastin and chemo die from their treatment — rather than their disease, according to an analysis of 10,217 patients in today's Journal of the American Medical Association. In comparison, 1.7% of cancer patients who received only conventional chemo died as a result of therapy. The most common causes of death were hemorrhages, the loss of infection-fighting white blood cells, and perforations in the stomach or intestines, says Shenhong Wu of Stony Brook University School of Medicine, co-author of the analysis of 10,217 patients.

Note: Sadly, most studies that reveal such results are suppressed by the pharmaceutical industry.

Nigeria's anti-corruption agency on [December 7] charged former U.S. Vice President Dick Cheney over a bribery scheme involving oil services firm Halliburton Co. during time he served as its top official. The charges stem from a case involving as much as $180 million allegedly paid in bribes to Nigerian officials, said Femi Babafemi, a spokesman for the Economic and Financial Crimes Commission. Halliburton and other firms allegedly paid the bribes to win a contract to build a $6 billion liquefied natural gas plant in Nigeria's oil-rich southern delta, he said. The Halliburton case involves its former subsidiary KBR, a major engineering and construction services firm based in Houston. In February 2009, KBR Inc. pleaded guilty in U.S. federal court to authorizing and paying bribes from 1995 to 2004 for the plant contracts in Nigeria. The spokesman said each charge in the 16-count indictment carried as much as three years in prison. Nigeria, a major oil supplier to the U.S., long has been considered by analysts and watchdog groups as having one of the world's most corrupt governments.

Note: For lots more from major media sources on government and corporate corruption, click here and here.

South Africa's largest private medical group has pleaded guilty to performing illegal kidney transplant operations at one of its hospitals. The medical group Netcare admitted that children were recruited to donate their organs, and said the hospital had wrongly profited from the operations. The charges related to more than 100 operations carried out at the hospital in Durban between 2001 and 2003. Poor donors, often from Brazil, were flown in and given thousands of dollars to have a kidney removed. These were then given to those in need, who were often wealthy Israelis. Several of those directly involved pleaded guilty at the time, but Netcare - which runs more than 50 hospitals in South Africa - had until now refused to accept responsibility. Things began to change when prosecutors brought charges against Netcare's chief executive and the company made a plea bargain. In return for those charges being dropped, Netcare accepted that some of its employees had known that the kidney donors and recipients had not been related. It acknowledged that "payments must have been made to the donors for their kidneys, and that certain of the kidney donors were minors at the time that their kidneys were removed. Certain employees participated in these illegalities, and (the hospital) wrongly benefited from the proceeds."

Note: For key reports from major media sources on corporate corruption and criminality, click here

A federal court yesterday struck down an Ohio ban on dairy products whose labels say they're made from milk that's free of hormones that increase cows' milk production. That means companies that want to say their products are "rbGH free" and "rbST free" and "artificial hormone free" are now free to do so. The ruling challenges the FDA's 17-year-old finding that there's "no significant difference" between the milk of cows given growth hormone and those that aren't. Just that sort of distinction ... is part of the ongoing debate about how to label genetically engineered salmon. The Court of Appeals for the Sixth Circuit said there is a "compositional difference" between milk from cows given growth hormones and those without. The court gave three reasons they're different: * Increased levels of the hormone IGF-1; * A period of milk with lower nutritional quality during each lactation; and * Increased somatic cell counts (i.e. more pus in the milk). But the FDA concluded in 1993 when it approved the growth hormone that the milk shows "no significant difference" in milk from untreated cows.

Note: To learn more about how your health has been endangered by previous media and government decisions, click here. For a stunning 10-minute video clip showing how crazy this can get, click here.

WJLA-TV has fired veteran anchorman Doug McKelway for a verbal confrontation this summer with the station's news director that came after McKelway broadcast a sharply worded live report about congressional Democrats and President Obama. McKelway was placed on indefinite suspension in late July after his run-in with ABC7's news director and general manager, Bill Lord. In a letter to McKelway this week, the station said it was terminating his contract immediately, citing insubordination and misconduct. Amid the ongoing BP oil spill in July, McKelway covered a Capitol Hill demonstration by environmental groups protesting the influence of oil-industry contributions to members of Congress. In his piece, McKelway said the sparsely attended event attracted protesters "largely representing far-left environmental groups." He went on to say the protest "may be a risky strategy because the one man who has more campaign contributions from BP than anybody else in history is now sitting in the Oval Office, President Barack Obama, who accepted $77,051 in campaign contributions from BP." Lord took exception to McKelway's reporting and asked to meet with him, according to several station sources who were granted anonymity to discuss the sensitive personnel matter. A shouting match between the two men ensued, leading to McKelway's suspension, sources said.

For months, the U.S. government talked with a boot-on-the-neck toughness about BP, with the president wondering aloud about whose butt to kick. But privately, it worked hand-in-hand with the oil giant to cap the runaway Gulf well and chose to effectively be the company's banker -- allowing future drilling revenues to potentially be used as collateral for a victim compensation fund. Now, with a new round of investigative hearings set to begin [today] on BP's home turf and the disaster largely off the front pages, there's worry BP PLC could get a slap on the wrist from its behind-the-scenes partner. That could trickle down to states hurt by the spill and hoping for large fines because they may share in the pie. In the past few weeks, public messages from BP and the government have been almost in lockstep. The government even released a report — criticized by academic researchers and some lawmakers as too rosy — asserting that much of the oil released into the Gulf is gone, playing into BP's message that its unprecedented response effort is working. Rep. Darrell Issa, R-Calif., said Thursday that White House support for the oil report shows the administration's "pre-occupation with the public relations of the oil spill has superseded the realities on the ground."

Note: For lots more from major media sources on corporate and government corruption, click here and here.

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.