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Corporate Corruption News Stories
Excerpts of Key Corporate Corruption News Stories in Major Media


Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.


Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Fortune 500 Companies Using Tax Havens To Avoid $620B in US Taxes: Report
2015-10-06, International Business Times/Reuters
Posted: 2015-10-11 16:15:54
http://www.ibtimes.com/political-capital/fortune-500-companies-using-tax-have...

A new report provides data illustrating just how big a budgetary issue tax avoidance has become. The analysis released Tuesday comes from ... Citizens for Tax Justice and U.S. Public Interest Research Group. The groups find that almost 72 percent of Fortune 500 companies are operating subsidiaries in so-called “tax haven” countries like Bermuda and the Cayman Islands. In all, those firms are “holding more than $2.1 trillion in accumulated profits offshore for tax purposes.” The report says that among the U.S.-based firms with the biggest overseas cash holdings are major financial firms such as Citigroup and Bank of America, which were bailed out by taxpayers after the 2008 financial crisis. Also on the list are tech giants such as Microsoft - which International Business Times last year reported was keeping $92 billion offshore. Assuming a tax rate of just 6 percent on those profits - far less than the official U.S. corporate tax rate and less than Trump’s proposed “repatriation” rate - the groups estimate that the firms “would collectively owe $620 billion in additional federal taxes” if they weren’t able to shelter their cash in tax havens. For comparison, that’s more than the federal government’s entire projected budget deficit for 2015.

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


Barbie Wants to Get to Know Your Child
2015-09-16, New York Times
Posted: 2015-10-11 16:09:17
http://www.nytimes.com/2015/09/20/magazine/barbie-wants-to-get-to-know-your-c...

Since there have been toys, we have wanted them to speak to us. But in the past five years, breakthroughs in artificial intelligence and speech recognition have given the devices around us — smartphones, computers, cars — the ability to engage in something approaching conversation. Artificial intelligence for children [is arriving] most prominently in the pink, perky form of Mattel’s Hello Barbie. Hello Barbie is by far the most advanced to date in a new generation of A.I. toys. Every one of Barbie’s potential conversations was mapped out like the branches of a tree, with questions leading to long lists of predicted answers, which would trigger Barbie’s next response, and so on. The writers marked important questions with "flags," and this enabled Hello Barbie’s most unnerving power: She could remember the answers and use them for conversation starters days or weeks later. "She should always know that you have two moms and that your grandma died, so don’t bring that up, and that your favorite color is blue, and that you want to be a veterinarian when you grow up," [ToyTalk writer Sarah] Wulfeck said. For psychologists ... the primary concern with A.I. toys is not that they encourage kids to fantasize too wildly. Instead, researchers worry that a conversational doll might prevent children, who have long personified toys without technology, from imagining wildly enough. Hello Barbie ... is limited by programming — and public-relations concerns. Mattel, rather than kids, ultimately controls what she can say.

Note: Will this new toy have similar issues as other "smart" objects?


Study 329: Antidepressant trial's upended results show need for sharing all data
2015-09-17, International Business Times
Posted: 2015-10-04 18:18:19
http://www.ibtimes.co.uk/study-329-antidepressant-trials-upended-results-show...

In 2001, a "landmark" study published in the prestigious Journal of the American Academy of Child and Adolescent Psychiatry purported to show the safety and effectiveness of using a common antidepressant to treat adolescents. The original published findings were biased and misleading. Known as Study 329, the randomised controlled trial ... was funded by SmithKline Beecham now GlaxoSmithKline (GSK) the manufacturer of paroxetine. The research has been repeatedly criticised, and there have been numerous calls for it to be retracted. To re-analyse the evidence of effectiveness and safety of paroxetine, we used documents posted online by GSK. We also had access to other publicly available documents and individual participant data. We found that paroxetine [Paxil] was no more effective than a placebo, which is the opposite of the claim in the original paper. We also found significant increases in harms with both paroxetine and imipramine, [another antidepressant]. Compared with the placebo group, the paroxetine group had more than twice as many severe adverse events, and four times as many psychiatric adverse events, including suicidal behaviours and self-harm. And the imipramine group had significantly more heart problems. Our re-analysis ... identified ten strategies used by researchers in this clinical trial to minimise apparent harms. More importantly, our findings show influential peer-reviewed research published in leading medical journals can be seriously misleading.

Note: We all know that clinical trial are skewed when they are sponsored by drug companies, but here is undeniable proof of this published in the UK's most respected medical journal. See this key study on the website of the British Medical Journal. Then don't miss that amazing documentary "Bought" available for free viewing.


Valeant Pharmaceuticals' drug price hikes in crosshairs of U.S. Congress
2015-09-29, CBC News (Canada's public broadcasting system)
Posted: 2015-10-04 18:16:09
http://www.cbc.ca/news/health/valeant-pharmaceuticals-price-hikes-1.3248265

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

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


Daraprim 'profiteering' controversy lifts lid on soaring cost of prescription drugs
2015-09-27, The Guardian (One of the UK's leading newspapers)
Posted: 2015-10-04 18:13:27
http://www.theguardian.com/us-news/us-money-blog/2015/sep/27/daraprim-profite...

Until this week most of us had never heard of Daraprim, a drug that fights toxoplasmosis. But after the decision of the drug’s new owner, Turing Pharmaceuticals, to boost its cost per pill from $13.50 to a whopping $750, we’re all unlikely to forget its name or the name of Turing’s owner, 32-year-old Martin Shkreli. The outrage over the astronomical hike in a life-saving drug has opened the doors to a ... debate about the soaring costs of prescription medications in the United States. Daraprim ... has been around since the 1940s. Logic suggests that drugs that have been around for a while should decline in price. It turns out that isn’t the case. The profit-minded individual or company snaps up the patents, suddenly hikes the drug’s price and puts consumers – from insurance companies to individuals – in a position of either paying what is demanded or going without. Late this summer, Rodelis Therapeutics boosted the cost of 30 tablets of cycloserine, a tuberculosis drug, from $500 to $10,800. Early in the year, Valeant Pharmaceuticals International Inc boosted the prices of two heart drugs, Nitropress and Isuprel, by 525% and 212% on the same day that they acquired them. “Our duty is to shareholders and to maximize the value” of Valeant’s products, a company spokeswoman told the Wall Street Journal at the time.

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


How Elizabeth Warren picked a fight with Brookings — and won
2015-09-29, Washington Post
Posted: 2015-10-04 17:59:26
http://www.washingtonpost.com/politics/how-elizabeth-warren-picked-a-fight-wi...

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.


US pharmaceutical company defends 5,000% price increase
2015-09-22, BBC
Posted: 2015-09-27 18:33:10
http://www.bbc.com/news/world-us-canada-34320413

The head of a US pharmaceutical company has defended his company's decision to raise the price of a 62-year-old medication used by Aids patients by over 5,000%. Turing Pharmaceuticals acquired the rights to Daraprim in August. After Turing's acquisition, a dose of Daraprim in the US increased from $13.50 (Ł8.70) to $750. The pill costs about $1 to produce, but [CEO Martin] Mr Shkreli, a former hedge fund manager, said that does not include other costs like marketing and distribution, which have increased dramatically in recent years. "We needed to turn a profit on this drug," Mr Shkreli told Bloomberg TV. "The companies before us were actually giving it away almost." He says the practice is not out of line with the rest of the industry. "Daraprim is still underpriced relative to its peers," he told Bloomberg TV. The Infectious Diseases Society of America, the HIV Medicine Association and other health care providers wrote an open letter to Turing, urging the company to reconsider.

Note: Following public outcry, Martin Shkreli now says that Daraprim's price will not increase by 5000%, but the fact that this would even be consider shows how rampant corruption is in the industry. For more along these lines, see concise summaries of deeply revealing big pharma corruption news articles from reliable major media sources.


AT&T Helped N.S.A. Spy on an Array of Internet Traffic
2015-08-15, MSN News/New York Times
Posted: 2015-09-20 21:29:41
http://www.msn.com/en-us/news/us/atandt-helped-nsa-spy-on-an-array-of-interne...

The National Security Agency’s ability to spy on vast quantities of Internet traffic passing through the United States has relied on its extraordinary, decades-long partnership with a single company: the telecom giant AT&T. The N.S.A.’s top-secret budget in 2013 for the AT&T partnership was more than twice that of the next-largest such program, [and] the company installed surveillance equipment in at least 17 of its Internet hubs on American soil, far more than its similarly sized competitor, Verizon. After the terrorist attacks of Sept. 11, 2001, AT&T ... began turning over emails and phone calls “within days” after the warrantless surveillance began in October 2001. In 2011, AT&T began handing over 1.1 billion domestic cellphone calling records a day to the N.S.A. after “a push to get this flow operational prior to the 10th anniversary of 9/11,” according to an internal agency newsletter. In a 2006 lawsuit, a retired AT&T technician named Mark Klein claimed that ... he had seen a secret room in a company building in San Francisco where the N.S.A. had installed equipment. Mr. Klein claimed that AT&T was providing the N.S.A. with access to Internet traffic that AT&T transmits for other telecom companies. Such cooperative arrangements, known in the industry as “peering,” mean that communications from customers of other companies could end up on AT&T’s network.

Note: The story of Klein's lawsuit was initially suppressed by the NSA and major media including the L.A. Times. For more along these lines, see concise summaries of deeply revealing news articles about questionable intelligence agency practices and the erosion of privacy.


GM to pay $900m to avoid criminal inquiry into fault that led to deaths
2015-09-17, The Guardian (One of the UK's leading newspapers)
Posted: 2015-09-20 21:23:56
http://www.theguardian.com/business/2015/sep/17/gm-fine-avoid-criminal-inquir...

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

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


Food Industry Enlisted Academics in G.M.O. Lobbying War, Emails Show
2015-09-05, New York Times
Posted: 2015-09-13 21:22:43
http://www.nytimes.com/2015/09/06/us/food-industry-enlisted-academics-in-gmo-...

Corporations have poured money into universities to fund research for decades, but now, the debate over bioengineered foods has escalated into a billion-dollar food industry war. Companies like Monsanto are squaring off against major organic firms like Stonyfield Farm. Both sides have aggressively recruited academic researchers. The biotech industry has published dozens of articles, under the names of prominent academics, that in some cases were drafted by industry consultants. Monsanto and its industry partners have also passed out an undisclosed amount in special grants to scientists ... to help with “biotechnology outreach” and to travel around the country to defend genetically modified foods. The moves by Monsanto, in an alliance with the Biotechnology Industry Organization and the Grocery Manufacturers Association, are detailed in thousands of pages of emails that were at first requested by the nonprofit group U.S. Right to Know, which receives funding from the organic foods industry. The emails show how academics have shifted from researchers to actors in lobbying and corporate public relations campaigns. An inner circle of [biotech] industry consultants, lobbyists and executives ... devised strategy on how to block state efforts to mandate G.M.O. labeling. The opponents of genetically modified foods have used their own creative tactics, although their spending on lobbying and public relations amounts to a tiny fraction of that of biosciences companies.

Note: Read an article which takes it even deeper and shows what the NYT left out. For more along these lines, see concise summaries of deeply revealing news articles about the corruption of science and the controversy surrounding GMOs.


Government-backed egg lobby tried to crack food startup, emails show
2015-09-02, The Guardian (One of the UK's leading newspapers)
Posted: 2015-09-13 21:07:25
http://www.theguardian.com/us-news/2015/sep/02/usda-american-egg-board-hampto...

A US government-appointed agricultural body tried to crush a Silicon Valley food startup after concluding the company represented a “major threat” and “crisis” for the $5.5bn-a-year egg industry, according to documents obtained by the Guardian. In potential conflict with rules that govern how it can spend its funds, the American Egg Board (AEB) lobbied for a concerted attack on Hampton Creek, a food company that has created a low-cost plant-based egg replacement and the maker of Just Mayo, a mayonnaise alternative. The AEB attempted to have Just Mayo blocked from Whole Foods, asking Anthony Zolezzi, a partner at private equity firm Pegasus Capital Advisors ... to use his influence with Whole Foods to drop the product. (Whole Foods still sells Just Mayo.) More than one member of the AEB made joking threats of violence against Hampton Creek’s founder, Josh Tetrick. “Can we pool our money and put a hit on him?” asked Mike Sencer, executive vice-president of AEB member organization Hidden Villa Ranch. The AEB represents egg farmers across the US and its board is selected by the secretary of agriculture. The Department of Agriculture (USDA) ... suggested [additional] ways to put pressure on Hampton Creek. In January 2014, Roger Glasshoff, then the USDA’s head of shell eggs, told [Outgoing AEB head Joanne] Ivy to contact the FDA about Just Mayo directly. Last month the FDA ruled that Just Mayo could not be called mayonnaise because it does not contain eggs.

Note: Read another news article about Hampton's inspiring success. The USDA allows foods with non-organic ingredients to be labelled "USDA organic". The FDA has no problem allowing cloned animals into the food supply. When government corruption is the standard, anything is possible. But not egg-free mayo.


Welcome to Beautiful Parkersburg, West Virginia Home to one of the most brazen, deadly corporate gambits in U.S. history
2015-08-27, Huffington Post
Posted: 2015-09-13 21:05:21
http://highline.huffingtonpost.com/articles/en/welcome-to-beautiful-parkersburg/

In the early 1980s, DuPont, which ran a sprawling chemical plant called Washington Works in nearby Parkersburg, approached [Jim Tennants'] family about buying some acreage for a landfill. DuPont assured them it would only dispose of non-toxic material. They agreed to sell. In the mid-1990s ... the family began finding dead deer. The cattle started going blind, sprouting tumors, vomiting blood. Family members were being hospitalized for breathing problems and chemical burns. Convinced that the landfill was to blame, the Tennants tried unsuccessfully to get help from environmental agencies, [and eventually sued] DuPont [with the help of attorney] Rob Bilott. In August 2000, Bilott came across a single paper that mentioned ... C8, [which] is found in thousands of household products. The judge in the Tennant case eventually forced DuPont to turn over thousands of documents on C8. And that’s when the picture finally snapped into focus. The documents revealed that DuPont had used the landfill near the Tennants’ farm as part of an increasingly elaborate cover-up. After discovering C8 in [the nearby town] Lubeck’s water supply in the early 1980s, DuPont had dredged up 14 million pounds of C8-laced sludge from the unlined pits near the town wells and dumped it into the Dry Run landfill. But the C8 levels in Lubeck’s water kept climbing. To hide this ... DuPont devised a testing method that grossly underestimated C8 levels.

Note: DuPont wove a complex web of lies over a period of decades to cover up C-8's massive harms. The link above tells this story as a comprehensive multimedia presentation. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


Pesticides in paradise: Hawaii's spike in birth defects puts focus on GM crops
2015-08-23, The Guardian (One of the UK's leading newspapers)
Posted: 2015-08-30 20:56:50
http://www.theguardian.com/us-news/2015/aug/23/hawaii-birth-defects-pesticide...

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

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


Lockheed Martin pays $4.7 million to settle charges it lobbied for federal contract with federal money
2015-08-24, Washington Post
Posted: 2015-08-30 20:43:51
http://www.washingtonpost.com/blogs/federal-eye/wp/2015/08/24/after-allegatio...

The world’s largest defense contractor has agreed to pay $4.7 million to settle charges that it illegally used government money. Top executives for Lockheed Martin — who were being paid by the federal government to run Sandia National Laboratories — ran a fierce campaign to lobby [government] officials for a seven-year extension of their contract, [and] urged them to close the bidding to competition. To clinch the contract extension, Sandia labs officials hired high-priced consultants — including Heather A. Wilson, the former New Mexico congresswoman, who allegedly was paid $226,000. Wilson was not just on Lockheed’s payroll. From 2009 through 2011, she had consulting jobs for Lockheed and three other contractors managing the Energy Department’s national lab, charging taxpayers a total of $450,000. But the contractors could not document her work, said [Energy Department Inspector General Gregory] Friedman, whose staff found that the justification for the billing did “not meet even minimum standards” for federal payments.” Wilson ... left Congress in 2009. Jay Coghlan of Nuclear Watch New Mexico, called the deal a “slap on the wrist for the world’s biggest defense contractor to pay,” [and] wrote on the NuclearWatch blog Lockheed “engaged in deep and systemic corruption, including paying Congresswoman Heather Wilson $10,000 a month starting the day after she left office for so-called consulting services that had no written work requirements.”

Note: Lockheed Martin runs a breathtakingly big part of the United States. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.


Major publisher retracts 64 scientific papers in fake peer review outbreak
2015-08-18, Washington Post
Posted: 2015-08-23 21:07:02
http://www.washingtonpost.com/news/morning-mix/wp/2015/08/18/outbreak-of-fake...

Peer review is supposed to be the pride of the rigorous academic publishing process. But increasingly journals are finding out that those supposedly authoritative checks are being rigged. In the latest episode of the fake peer review phenomenon, one of the world’s largest academic publishers, Springer, has retracted 64 articles from 10 of its journals after discovering that their reviews were linked to fake e-mail addresses. The announcement comes nine months after 43 studies were retracted by BioMed Central (one of Springer’s imprints) for the same reason. Retraction Watch co-founder Ivan Oransky ... said he didn’t know of any instances of retractions for faked peer reviews before 2012. In a report for the journal Nature last fall, Oransky and his colleagues told the story of a ... researcher who wrote peer reviews for 28 of his own papers. Investigations ... have also uncovered a number of services selling names and contact information for made-up experts guaranteed to give an expedited, positive review. In a statement on its Web site in February, the Committee on Publication Ethics (COPE) detailed these agencies’ “systematic, inappropriate attempts” to manipulate the process. COPE’s chair Ginny Barbour wrote in December, “The uncovering of companies systematically manipulating publications, by the use of fake reviewers and more, offers an alarming glimpse into what can happen if reward systems are implemented with no thought or oversight.”

Note: The editor of a top medical journal recently suggested that half all of scientific literature may simply be untrue. For more along these lines, see concise summaries of deeply revealing news articles about corruption in science.


In graphic detail, medical journal describes ‘heavy overtones’ of sexual assault in operating room
2015-08-18, Washington Post
Posted: 2015-08-23 20:52:48
http://www.washingtonpost.com/news/to-your-health/wp/2015/08/18/anonymous-med...

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.


Children given lifelong ban on talking about fracking
2013-08-05, The Guardian (One of the UK's leading newspapers)
Posted: 2015-08-23 20:41:52
http://www.theguardian.com/environment/2013/aug/05/children-ban-talking-about...

Two young children in Pennsylvania were banned from talking about fracking for the rest of their lives under a gag order imposed under a settlement reached by their parents with ... a leading oil and gas driller. The settlement, reached in 2011 but unsealed only last week, barred the Hallowichs' son and daughter, who were then aged 10 and seven, from ever discussing fracking or the Marcellus Shale, a leading producer in America's shale gas boom. The Hallowich family had earlier accused oil and gas companies of destroying their 10-acre farm in Mount Pleasant, Pennsylvania and putting their children's health in danger. Their property was adjacent to major industrial operations ... which the Hallowich family said contaminated their water supply and caused burning eyes, sore throats and headaches. The family gag order was a condition of the settlement. The couple told the court they agreed because they wanted to move to a new home away from the gas fields, and to raise their children in a safer environment. "We need to get the children out of there for their health and safety," the children's mother, Stephanie Hallowich, told the court. She was still troubled by the gag order, however. "I'm not quite sure I fully understand. We know we're signing for silence forever but ... my daughter is turning seven today, my son is 10." The court transcripts were released in response to an open records request by the Pittsburgh Post Gazette, which first reported on the children's lifetime gag order.

Note: Why isn't the US major media giving more coverage this craziness? The fracking industry poisons drinking water, causes earthquakes and yet remains shrouded in secrecy.


Why ‘Smart’ Objects May Be a Dumb Idea
2015-08-10, New York Times
Posted: 2015-08-16 23:41:41
http://www.nytimes.com/2015/08/11/opinion/zeynep-tufekci-why-smart-objects-ma...

A safe that tallies the cash that is placed in it. A sniper rifle equipped with advanced computer technology for improved accuracy. A car that lets you stream music from the Internet. All of these innovations sound great, until you learn the risks that this type of connectivity carries. Recently, two security researchers, sitting on a couch and armed only with laptops, remotely took over a Chrysler Jeep Cherokee speeding along the highway ... while a Wired reporter was driving. A hacked car is a high-profile example of what can go wrong with the coming Internet of Things — objects equipped with software and connected to digital networks. The selling point ... is added convenience and better safety. In reality, it is a ... train wreck in privacy and security. That smart safe? Hackers can empty it with a single USB stick while erasing all [evidence] of their crime. That high-tech rifle? Researchers managed to remotely manipulate its target selection without the shooter’s knowing. The Internet of Things is also a privacy nightmare. Databases that already have too much information about us will now be bursting with data on the places we’ve driven, the food we’ve purchased and more. Last week, at Def Con, the annual information security conference, researchers set up an Internet of Things Village to show how they could hack everyday objects like baby monitors, thermostats and security cameras. Connecting everyday objects introduces new risks if done at mass scale. Once a hacker is in - she's in everywhere.

Note: Read how a hacked vehicle may have resulted in journalist Michael Hastings' death in 2013. The networked computerization of everyday objects means that these objects can spy on you, accelerating the disappearance of privacy in the name of convenience. What will happen when the "internet of things" expands to include microchip implants in people?


The Outrageous Ascent of CEO Pay
2015-08-09, Huffington Post
Posted: 2015-08-16 23:36:11
http://www.huffingtonpost.com/robert-reich/the-outrageous-ascent-of-_b_796336...

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

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


Dupont and the Chemistry of Deception
2015-08-11, The Intercept
Posted: 2015-08-16 23:26:51
https://firstlook.org/theintercept/2015/08/11/dupont-chemistry-deception

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

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