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.

The tobacco company Philip Morris International has been accused of "manipulating science for profit" through funding research and advocacy work with scientists. Campaigners say that leaked documents from PMI and its Japanese affiliate also reveal plans to target politicians, doctors and the 2020 Tokyo Olympics as part of the multinational's marketing strategy to attract non-smokers to its heated tobacco product, IQOS. A paper from researchers at the Tobacco Control Research Group at the University of Bath said that Philip Morris Japan (PMJ), funded a Kyoto University study into smoking cessation via a third-party research organisation. The researchers said they could find no public record of PMJ's involvement, although a PMI spokesperson said its involvement had been attributed when the results were presented at a scientific conference in Greece in 2021. PMJ paid about Ł20,000 a month to FTI-Innovations, a life sciences consultancy run by a Tokyo University professor, for tasks such as promoting PMI's science and products at academic events. In one internal email, a PMJ employee claimed they had been told "to keep it a secret". Dr Sophie Braznell, one of [the paper's] authors, said: "The manipulation of science for profit harms us all, especially policymakers and consumers. It slows down and undermines public health policies, while encouraging the widespread use of harmful products."

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

Research from the Center for International Environmental Law (CIEL) details the widespread burdens that plastic pollution places on US cities and states, and argues that plastic producers may be breaking public-nuisance, product-liability and consumer-protection laws. It comes as cities such as Baltimore have begun to file claims against plastic manufacturers, but the authors write that existing cases "are likely only the beginning, as more states and municipalities grapple with the challenges of accumulating plastic waste and microplastics contamination." Taxpayers foot the bill to clean plastic pollution from streets and waterways, and research shows people could ingest the equivalent of one credit card's worth of plastic per week. From 1950 to 2000, global plastic production soared from 2m tons to 234m tons annually. And over the next 20 years, production more than doubled to 460m tons in 2019. As the public grew concerned about plastic pollution, the industry responded with "sophisticated marketing campaigns" to shift blame from producers to consumers – for instance, by popularizing the term litterbug. Plastic has clogged sewer grates, leading to increased flooding. It has also exposed populations to microplastics. The report outlines different legal theories that could help governments pursue accountability. Nuisance could account for the harms themselves ... and consumer-protection law could be used to combat deceitful marketing practices.

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

The controversy over the decision by the Food and Drug Administration (FDA) in late 2004 to require a boxed warning on antidepressants regarding the risk of suicidality in children and adolescents reached a crescendo in 2007 with the publication of a study that presented two ... graphs. One showed a steady increase in antidepressant prescribing to U.S. adolescents, with a notable downtick in the last year of the series; the other showed a steady decrease in suicide rates among U.S. adolescents, with a notable uptick at the end. The prescription downtick occurred in 2005, whereas the suicide uptick had occurred in 2004. Adolescent suicide rates actually decreased for several years beginning in 2005. Despite the admitted error, the report was never retracted and is still widely cited. Ecological studies that examine geographic variability in antidepressant use often show an inverse relationship with suicide rates, but I believe that these results can best be explained by confounding. The same socioeconomic factors that promote greater availability and use of many prescription drugs (including antidepressants) also lower suicide rates among even the substantial majority of the population that does not take antidepressants. For example, one study associated the introduction of leukotriene-modifying agents for asthma and allergic rhinitis with a 3% decrease in suicides in the entire population (even though the drugs are used by only 1% of the population).

Note: For more along these lines, see concise summaries of deeply revealing news articles on mental health and Big Pharma from reliable major media sources.

The food system is inextricably linked to an economic system that, for decades, has been fundamentally biased against the kinds of changes we need. Economic policies almost everywhere have systematically promoted ever-larger scale and monocultural production. Those policies include: Massive subsidies for globally traded commodities, direct and hidden subsidies for global transport infrastructures and fossil fuels, ‘free trade' policies that open up food markets in virtually every country to global agribusinesses, [and] health and safety regulations [that] destroy smaller producers and marketers and are not enforced for giant monopolies. Monocultures rely heavily on chemical inputs–fertilizers, herbicides, fungicides, and pesticides–which pollute the immediate environment, put wildlife at risk, and–through nutrient runoff–create "dead zones" in waters ... thousands of miles away. More than half of the world's food varieties have been lost over the past century; in countries like the U.S., the loss is more than 90 percent. Agribusiness has gone to great lengths to convince the public that large-scale industrial food production is the only way to feed the world. But the global food economy is massively inefficient. More than one-third of the global food supply is wasted or lost; for the U.S., the figure is closer to one-half. The solution to these problems ... requires a commitment to local food economies. [Several towns in the state of Maine] declared "food sovereignty" by passing ordinances that give their citizens the right "to produce, process, sell, purchase, and consume local foods of their choosing." In 2013, the government of Ontario, Canada, passed a Local Food Act to increase access to local food, improve local food literacy, and provide tax credits for farmers who donate a portion of their produce to nearby food banks.

Note: Read the full article for a comprehensive explanation of why local food and economies are far better for human health and environment. For more along these lines, explore concise summaries of news articles on food system corruption.

Air fryers that gather your personal data and audio speakers "stuffed with trackers" are among examples of smart devices engaged in "excessive" surveillance, according to the consumer group Which? The organisation tested three air fryers ... each of which requested permission to record audio on the user's phone through a connected app. Which? found the app provided by the company Xiaomi connected to trackers for Facebook and a TikTok ad network. The Xiaomi fryer and another by Aigostar sent people's personal data to servers in China. Its tests also examined smartwatches that it said required "risky" phone permissions – in other words giving invasive access to the consumer's phone through location tracking, audio recording and accessing stored files. Which? found digital speakers that were preloaded with trackers for Facebook, Google and a digital marketing company called Urbanairship. The Information Commissioner's Office (ICO) said the latest consumer tests "show that many products not only fail to meet our expectations for data protection but also consumer expectations". A growing number of devices in homes are connected to the internet, including camera-enabled doorbells and smart TVs. Last Black Friday, the ICO encouraged consumers to check if smart products they planned to buy had a physical switch to prevent the gathering of voice data.

Note: A 2015 New York Times article warned that smart devices were a "train wreck in privacy and security." For more along these lines, read about how automakers collect intimate information that includes biometric data, genetic information, health diagnosis data, and even information on people's "sexual activities" when drivers pair their smartphones to their vehicles.

TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels. The fine includes a $1.3 billion penalty that will be paid to the US Treasury Department's Financial Crimes Enforcement Network, a record fine for a bank. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government's investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. More than 90% of transactions went unmonitored between January 2018 to April 2024, which "enabled three money laundering networks to collectively transfer more than $670 million through TD Bank accounts," according to a legal filing. In one instance, TD Bank employees collected more than $57,000 worth of gift cards to process more than $470 million in cash deposits from a money laundering network to "ensure employees would continue to process their transactions" and not declare them in required reports, the DoJ said. The Office of the Comptroller of the Currency (OCC), a US agency that regulates banks, said TD processed hundreds of millions of dollars of transactions the clearly indicated highly suspicious activity. The Canadian bank will be subject to four years of monitoring [to] ensure it is following the agreement. The US Federal Reserve also fined TD Bank and will force the company to relocate to the United States its anti-money laundering compliance office.

Note: Several years ago, Europe's biggest bank was caught laundering millions for cartels and terrorists. For more, read our latest Substack on the dark truth behind the war on drugs.

AstraZeneca is being sued by a woman who claims she was disabled by the company's Covid-19 vaccine. Brianne Dressen said she was "the picture of good health" when getting the AstraZeneca Covid vaccine in 2020 at the age of 39 through a Salt Lake County, Utah, clinical trial. In the hours that followed, her arm began to tingle and the feeling spread up to her shoulder, then to her opposite arm. Later, other symptoms followed, including blurred vision, a headache, ringing ears, and vomiting. In 2021, National Institutes of Health neurologists diagnosed her with "post vaccine neuropathy." Dressen is the co-chair of React19, an interest group for people alleging injury from Covid-19 vaccines. Now, she's suing AstraZeneca over medical expenses and more, arguing she's still disabled and unable to work and carry on with many activities as she once had. The lawsuit, which accuses AstraZeneca of breaching contractual obligations, comes days after AstraZeneca pulled its Covid-19 vaccine off the market. AstraZeneca has said it was doing so due to a lack of demand and not for safety reasons. The vaccine, however, has faced concerns over its efficacy and safety. As of April 1, over 10,000 claims alleging injury or death from a Covid-19 shot have been filed with the Countermeasures Injury Compensation Program, according to the HHS. In a separate lawsuit, Dressen's React19 and people alleging vaccine injuries are suing the HHS over the program.

Note: People injured by AstraZeneca's vaccine were censored on social media when they tried to talk about their experiences. While mainstream narratives emphasize how rare these injuries are, the numbers speak for themselves. The Vaccine Adverse Event Reporting System (VAERS) is a voluntary government reporting system that only captures a portion of the actual injuries. Vaccine adverse event numbers are made publicly available, and currently show 38,068 COVID Vaccine Reported Deaths and 1,652,230 COVID Vaccine Adverse Event Reports.

RTX Corporation, the weapons giant formerly (and better) known as Raytheon, agreed on Wednesday to pay almost $1 billion to resolve allegations that it defrauded the U.S. government and paid bribes to secure business with Qatar. RTX, as part of this agreement that spanned multiple investigations into its business, admitted to engaging in two separate schemes to defraud the Defense Department, which included deals for a radar system and Patriot missile systems. "The Raytheon allegations are stunning, even by the lax standards of the arms industry," [said William Hartung with the Quincy Institute for Responsible Statecraft]. "Engaging in illegal conduct on this scale suggests that, far from being an aberration, this behavior may be business as usual for the company." Raytheon has been ... embroiled in scandals and malfeasance for decades. The company pleaded guilty to "illegally trafficking in secret military budget reports" (1990); paid $4 million to settle charges that it overbilled the Pentagon (1994); paid $10 million to settle a class-action lawsuit contending that its Amana unit sold defective furnaces and water heaters (1997); paid $2.7 million to settle allegations that it improperly charged the Pentagon for expenses incurred in marketing products to foreign governments (1998); [and] agreed to pay a $25 million civil penalty to resolve State Department charges that the company violated export controls (2003).

Note: Learn more about unaccountable military spending in our comprehensive Military-Intelligence Corruption Information Center. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

The Air Force overpaid for soap dispensers used in the bathrooms of C-17 military aircraft by 7,943% – or more than 80 times the price of similar commercially available dispensers – according to a Defense Department inspector general report released Tuesday. The dispensers were one of about a dozen spare parts for which Boeing overcharged the Air Force, according to the report, resulting in nearly $1 million in additional and unnecessary costs. The costs of the soap dispenser from Boeing, the similar soap dispenser and the number of dispensers purchased by the Air Force were redacted in the report, but in total, the Air Force overpaid $149,072 for the soap dispensers. An anonymous tip about the dispensers launched the inspector general's audit into the spare parts. "The Air Force needs to establish and implement more effective internal controls to help prevent overpaying for spare parts for the remainder of this contract, which continues through 2031," Defense Department Inspector General Robert Storch said in a statement. Boeing has a contract with the Air Force that lets Boeing purchase needed spare parts for the C17, and the Air Force reimburses Boeing for the spare parts purchased, according to the report. "Significant overpayments for spare parts may reduce the number of spare parts that Boeing can purchase on the contract, potentially reducing C-17 readiness worldwide," Storch said.

Note: Learn more about unaccountable military spending in our comprehensive Military-Intelligence Corruption Information Center. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.

Hundreds of people gathered outside the WK Kellogg headquarters in Michigan on Tuesday calling for the company to hold up its promise to remove artificial dyes from its breakfast cereals sold in the U.S. Nearly 10 years ago, Kellogg's, the maker of Froot Loops and Apple Jacks, committed to removing such additives from its products by 2018. While Kellogg's has done so in other countries including Canada, which now makes Froot Loops with natural fruit juice concentrates, the cereals sold in the U.S. still contain both food dyes and a chemical preservative. In the U.S., Froot Loops ingredients include Red Dye No. 40, Yellow Dye No. 5, Yellow Dye No. 6 and Blue Dye No. 1. Kellogg's insisted its products are safe for consumption, saying its ingredients meet the federal standards set by the U.S. Food and Drug Administration.The agency has said that most children experience no adverse effects from color additives, but critics argue the FDA standards were developed without any assessment for possible neurological effects. The protests come in the wake of a new California law known as the California School Food Safety Act that bans six potentially harmful dyes in foods served in California public schools. The ban includes all of the dyes in Froot Loops, plus Blue Dye No. 2 and Green Dye No. 3. Consumption of said dyes ... may be linked to hyperactivity and other neurobehavioral problems in some children.

Note: Big Food profits immensely as American youth face a growing health crisis. Read about the health concerns linked to these food dyes, including neurobehavioral problems, attention issues, DNA damage, allergies, chronic digestive issues, cancer, and more. Check out our latest Substack for a deep dive into who's behind the chronic disease epidemic that's threatening the future of humanity.

Jaye Rochon struggled to lose weight for years. But she felt as if a burden had lifted when she discovered YouTube influencers advocating "health at every size" – urging her to stop dieting and start listening to her "mental hunger." In two months, she regained 50 pounds. As her weight neared 300 pounds, she began to worry about her health. The videos that Rochon encountered are part of the "anti-diet" movement, a social media juggernaut that began as an effort to combat weight stigma and an unhealthy obsession with thinness. But now global food marketers are seeking to cash in on the trend. General Mills, maker of Cocoa Puffs and Lucky Charms cereals, has launched a multipronged campaign that capitalizes on the teachings of the anti-diet movement. General Mills has toured the country touting anti-diet research it claims proves the harms of "food shaming." It has showered giveaways on registered dietitians who promote its cereals online with the hashtag #DerailTheShame, and sponsored influencers who promote its sugary snacks. The company has also enlisted a team of lobbyists and pushed back against federal policies that would add health information to food labels. Since the 1980s, the U.S. obesity rate has more than doubled, according to federal data. Nearly half a million Americans die early each year as a result of excess body weight, according to estimates in a 2022 Lancet study. The anti-diet approach essentially shifts accountability for the health crisis away from the food industry for creating ultra-processed junk foods laden with food additives, sugars and artificial sweeteners.

Note: For more along these lines,explore summaries of news articles on health and food system corruption from reliable major media sources.

On a chilly, early morning in January 2019, a group of animal rights activists descended upon a poultry farm in central Texas. Activists with Meat the Victims, a decentralized, global movement to abolish animal exploitation, later uploaded gruesome photos of injured and dead chicks to social media platforms. The police identified [Sarah Weldon] and issued a warrant for her arrest, along with 14 other activists. She was charged with criminal trespassing. The local police weren't the only ones paying attention. An FBI agent in Texas had been secretly monitoring the demonstration. His focus? Weapons of mass destruction. The FBI has been collaborating with the meat industry to gather information on animal rights activism, including Meat the Victims, under its directive to counter weapons of mass destruction, or WMD, according to agency records. The records also show that the bureau has explored charging activists who break into factory farms under federal criminal statutes that carry a possible sentence of up to life in prison – including for the "attempted use" of WMD – while urging meat producers to report encounters with activists to its WMD program. "This ... is textbook escalation by government actors against successful efforts by social movements that they disagree with or find subversive," said Justin Marceau, a law professor. "Framing of civil disobedience against factory farms as terrorism is a form of government repression."

Note: Animal rights activists are relentlessly prosecuted while the evidence of animal cruelty they uncover is ruthlessly suppressed. For more along these lines, see concise summaries of deeply revealing news articles on corruption in law enforcement and in the food system from reliable major media sources.

An influential doctor and advocate of adolescent gender treatments said she had not published a long-awaited study of puberty-blocking drugs because of the charged American political environment. The doctor, Johanna Olson-Kennedy, began the study in 2015 as part of a broader, multimillion-dollar federal project on transgender youth. She and colleagues recruited 95 children from across the country and gave them puberty blockers, which stave off the permanent physical changes – like breasts or a deepening voice – that could exacerbate their gender distress, known as dysphoria. The researchers followed the children for two years to see if the treatments improved their mental health. An older Dutch study had found that puberty blockers improved well-being, results that inspired clinics around the world to regularly prescribe the medications as part of what is now called gender-affirming care. But the American trial did not find a similar trend. Puberty blockers did not lead to mental health improvements, she said. In the nine years since the study was funded ... and as medical care for this small group of adolescents became a searing issue in American politics, Dr. Olson-Kennedy's team has not published the data. Asked why, she said the findings might fuel the kind of political attacks that have led to bans of the youth gender treatments in more than 20 states, one of which will soon be considered by the Supreme Court. "I do not want our work to be weaponized," she said.

Note: We believe that everyone has a right to exist and express themselves the way they want. Yet we value the health of all beings and the importance of informed choice when it comes to any potentially life-changing medical procedure. For more along these lines, explore summaries of revealing news articles on transgender medicine from reliable major media sources.

The Institute for Policy Studies (IPS) joined Popular Democracy in compiling a 71-page report titled Billionaire Blowback on Housing. The two groups found that a small number of wealthy individuals and their investment arms, who control "huge pools of wealth," have spent some of their vast resources on "predatory investment and wealth-parking in luxury housing." Billionaires and their investment firms, such as Blackstone–now the world's largest corporate landlord–are "taking advantage of the tight low-income rental market, lack of publicly funded affordable housing, displacement after the foreclosure crisis, and inaccessible homeownership to get into the business of single-family and multifamily home rentals, and buying up mobile home parks," the report reads. Blackstone now owns 300,000 residential units across the U.S. and nearly doubled its portfolio in 2021. The housing crisis ... is characterized by record-breaking homelessness in 2023 with more than 653,000 people unhoused; half of tenants paying more than 30% of their income on rent ... and a significantly widened gap between the income needed to buy a house and the actual cost of a home. The number of vacant units in some communities exceed the number of unhoused people. For example, in 2017 there were more than 93,500 vacant units in Los Angeles and an estimated 36,000 unhoused residents, with vacancies treated as "a structural feature of the market thanks to the presence of a small class of wealthy investors who engage in speculative financial behavior."

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

U.S. private equity firms have bought up producers and distributors of a chemical compound known to cause brain damage, cancer and other illnesses. Blackstone and American Securities LLC, which control assets worth billions of dollars, have in recent years acquired operations in Canada and elsewhere that sell lead chromate, a toxic powder used in paint, on roads and machinery, and even in food. Studies have shown declines in safety practices following private equity investment, including more workplace accidents and deaths. Health experts and others focused on corporate accountability say private equity's expansion into the lead chromate industry is concerning. "These firms set up structures for ownership to have zero legal responsibility for what happens at that company," said Justin Flores, campaign director at the Private Equity Stakeholder Project, a U.S. nonprofit research and advocacy organization. Lead chromate in paint covers parking lots, children's playgrounds, and hospitals from Mexico to Greece, studies show, raising concerns over what happens when the pigment breaks down, leaching lead into dust, soil and water runoff. Earlier this year, the U.S. Food and Drug Administration confirmed that lead chromate was found in cinnamon applesauce pouches that sickened hundreds of children. The tainted applesauce sailed through loopholes and food safety systems around the world.

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

The past decade has seen a rapid expansion of the commercial space industry. In a 2023 white paper, a group of concerned astronomers warned against repeating Earthly "colonial practices" in outer space. Some of these colonial practices might include the enclosure of land, the exploitation of environmental resources and the destruction of landscapes – in the name of ideals such as destiny, civilization and the salvation of humanity. People of Bawaka Country in northern Australia have told the space industry that their ancestors guide human life from their home in the galaxy, and that this relationship is increasingly threatened by large orbiting satellite networks. Similarly, Inuit elders say their ancestors live on celestial bodies. Navajo leadership has asked NASA not to land human remains on the Moon. Kanaka elders have insisted that no more telescopes be built on Mauna Kea, which Native Hawaiians consider to be ancestral and sacred. These Indigenous positions stand in stark contrast with many in the industry's insistence that space is empty and inanimate. In 1967, a slew of nations including the U.S., U.K. and USSR, signed the Outer Space Treaty. This treaty declared, among other things, that no nation can own a planetary body or part of one. The nations that signed the Outer Space Treaty were effectively saying, "Let's not battle each other for territory and resources again. Let's do outer space differently."

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

In the 1980s, tobacco giants Philip Morris and R.J. Reynolds acquired the major food companies Kraft, General Foods and Nabisco, allowing tobacco firms to dominate America's food supply and reap billions in sales from popular brands such as Oreo cookies, Kraft Macaroni & Cheese and Lunchables. New research, published in the journal Addiction, focuses on the rise of "hyper-palatable" foods, which contain potent combinations of fat, sodium, sugar and other additives that can drive people to crave and overeat them. In the decades when the tobacco giants owned the world's leading food companies, the foods that they sold were far more likely to be hyper-palatable than similar foods not owned by tobacco companies. In the past 30 years, hyper-palatable foods have spread rapidly into the food supply, coinciding with a surge in obesity and diet-related diseases. The steepest increase in the prevalence of hyper-palatable foods occurred between 1988 and 2001 – the era when Philip Morris and R.J. Reynolds owned the world's leading food companies. To broaden the reach of its cigarettes, Philip Morris used a marketing strategy called "line extensions": Marlboro cigarettes were marketed to men, Virginia Slims targeted women and menthol cigarettes were heavily advertised to Black consumers. The company applied the same tactic to processed foods. It added new flavors and formulas to many of its existing products, giving consumers an endless variety of hyper-palatable foods to buy.

Note: Companies spend $14 billion each year on marketing to children, over 80% of which is for fast food and other ultraprocessed foods. Read our latest Substack article on how the US government turns a blind eye to the corporate cartels fueling America's health crisis.

Fifteen-year-old Tiara Channer was 13 when she was diagnosed with prediabetes – a condition 1 in 5 American kids faces that causes an increased risk of Type 2 diabetes, chronic kidney disease and cardiovascular disease. She and her mother, Crystal Cauley, blame her diagnosis on a poor diet. By transitioning from a diet of ultra-processed foods to healthier whole foods and getting more active, Tiara overcame or shed her prediabetes diagnosis – and lost 50 pounds in the process. But it wasn't an easy journey for her, given the challenge of understanding what's healthy and what's not. Ultra-processed food ... comprise over half of an average American adult's diet and two-thirds of an American child's. Lawmakers like Sen. Bernie Sanders say the FDA, the agency that regulates 80% of the country's food, hasn't done enough to protect consumers. Almost half of the approved food additives in the U.S. fall under a category known as GRAS – Generally Recognized As Safe. The nonprofit Environmental Working Group found 99% of the 766 food chemicals introduced between 2000 and 2021 avoided FDA scrutiny using the GRAS designation. Experts like Emily Broad Leib, the director of Harvard's Food Law and Policy Clinic, say GRAS has become a loophole that gives companies a provisional green light to put new additives in food. "Thousands of substances have entered the food supply using that mechanism," explained Broad Leib.

Note: Read our latest Substack article on how the US government turns a blind eye to the corporate cartels fueling America's health crisis. For more along these lines, see concise summaries of deeply revealing news articles on health and food system corruption from reliable major media sources.

As Wall Street buys up entire neighborhood blocks, driving up corporate purchases of single-family homes to historic highs, housing advocates warn companies ... are harming their tenants and pricing out would-be homebuyers. Now policymakers in states across the country and Washington, DC, are finally beginning to push back – but they're facing the might of a powerful new single-family rental lobby. Driven by the pandemic-era real estate boom, corporate landlords are ramping up their purchases of assets like apartment buildings and mobile home communities nationwide. They're especially active in fast-growing Sun Belt markets like Phoenix and Atlanta, where more than a third of homes on the market are now being purchased by private equity firms like Blackstone or dedicated single-family rental companies. Even Amazon founder Jeff Bezos has entered the single-family housing market. Critics say that such companies' encroaching presence in the housing market and their focus on short-term profits are pricing out first-time homebuyers and gentrifying neighborhoods, contributing to an ongoing housing crisis. A 2022 study by federal lawmakers found that five major rental companies hiked their fees by 40 percent over a three-year period and saw their tenants fall behind in rent. In California, the state's largest corporate landlord, Invitation Homes, was forced to pay $2 million in sanctions after the state attorney general found it was charging tenants illegally high rents.

Note: Read about the shadowy global interests buying up land all over the US. For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption and income inequality from reliable major media sources.

The Los Angeles County coastline is renowned for its stunning views and famous beaches. But move into deeper waters and another legacy comes into view: industrial waste dumped on a scale we're just beginning to understand. Using a deep-sea robot, UC Santa Barbara scientists discovered an eerie graveyard of leaking barrels in 2020, spread out on the seafloor near Santa Catalina Island. DDT, a powerful pesticide that was banned 50 years ago, was found in high concentrations near the barrels, leading scientists to suspect they were full of it. (Scientists later discovered that companies didn't even bother putting DDT in barrels – they dumped it directly into the sea.) The barrels may actually contain low-level radioactive waste. "From the 1940s through the 1960s, it was not uncommon for local hospitals, labs and other industrial operations to dispose barrels of tritium, carbon-14 and other low-level radioactive waste at sea," [Rosanna Xia] reported. That was a key finding in a new study. Researchers found clues while reviewing hundreds of pages of records, which indicated that a company tasked with pouring the DDT waste off the L.A. coast had also dumped low-level radioactive waste. The radioactive waste sitting down there is unequivocally terrible, but the "concerning concentrations" of DDT in the deep ocean are worse. Researchers have found high levels of DDT across an area of seafloor larger than the entire city of San Francisco.

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

Important Note: 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.