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 first trial against a pharmaceutical opioid manufacturer started Tuesday in Oklahoma in what could be a precedent-setting case for hundreds of other claims around the country. The state's attorney general, Mike Hunter, began the day by accusing Johnson & Johnson of putting profits over responsibility and argued that the company was responsible for the "worst man-made public health crisis in the history of our state and country." In the multibillion-dollar lawsuit against the drugmaker, lawyers for the state argued that Johnson & Johnson knew about the addictive nature of opioids, but misled doctors by downplaying the risks of the drugs while touting its benefits. Brad Beckworth, a lawyer for Oklahoma, argued that Johnson & Johnson was motivated to increase sales on multiple fronts as both the manufacturer of the drugs Duragesic and Nucynta and as a supplier of the raw materials for other opioid manufacturers. He argued that a marketing push by Johnson & Johnson lead doctors to overprescribe opioids in Oklahoma. If you oversupply, people will die, Beckworth repeatedly said in his opening statement while showing email communications from Johnson & Johnson sales representatives. Oklahoma settled with two other drug manufacturers before Tuesdays opening statements. In March, Purdue Pharma settled for $270 million, and on Sunday, Teva Pharmaceuticals settled for $85 million, leaving Johnson & Johnson as the sole defendants in what could a monthslong bench trial.

Note: Many doctors also profited from excessive prescribing of dangerous opioids. And according to a former DEA agent, Congress helped drug companies fuel the opioid epidemic. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

Purdue Pharma, the drug manufacturer that kickstarted the US opioid epidemic, corruptly influenced the World Health Organization in order to boost painkiller sales across the globe, according to a report by members of Congress. An investigation by Katherine Clark and Hal Rogers, who represent districts in Massachusetts and Kentucky hard hit by the US opioid epidemic, accuses Purdue of replicating its false marketing claims about the safety and effectiveness of opioids to change WHO prescribing guidelines in an attempt to expand foreign markets for its drugs. “The web of influence we uncovered paints a picture of a public health organization that has been corrupted by the opioid industry,” said Clark. “The WHO appears to be lending the opioid industry its voice and credibility, and as a result, a trusted public health organization is trafficking dangerous misinformation that could lead to a global opioid epidemic.” The report ... accuses Purdue of using pharma-funded organizations and specialists to influence the writing of WHO policy to encourage much wider prescribing of addictive high-strength opioids across the globe. It said that, as a result, “WHO guidelines are serving as marketing materials for Purdue”. [The] report alleges two WHO guidelines ... “contain dangerously misleading and, in some instances, outright false claims about the safety and efficacy of prescription opioids”. “Alarmingly, these guidelines mirror Purdue’s marketing strategies to increase prescriptions and expand sales,” the report found.

Note: Many doctors also profited from excessive prescribing of dangerous opioids. And according to a former DEA agent, Congress helped drug companies fuel the opioid epidemic. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

Ever since Monsanto introduced its line of Roundup weedkillers to the world in 1974, the products have been touted by the company and regulators as extremely safe. But the emergence of long-held corporate secrets in three public trials has revealed a covert campaign to cover-up the pesticide’s risks and raised troubling questions about lax oversight of all pesticides by the Environmental Protection Agency and other regulatory agencies. Two recently concluded Roundup product liability trials in California have resulted in large damage awards against Monsanto, after juries found the company’s herbicides contributed to cancer and that it failed to warn of the risks. Monsanto never conducted epidemiology studies for Roundup and its other formulations made with the active ingredient glyphosate, to see if the products could lead to cancer in people who used them. At the same time ... the company was spending millions of dollars on secretive PR campaigns – including $17m budgeted in a single year – to finance ghostwritten studies and op-eds aimed at discrediting independent scientists whose work found dangers with Monsanto’s herbicides. When the US Agency for Toxic Substances and Disease Registry sought to evaluate glyphosate toxicity in 2015, Monsanto ... engaged the assistance of EPA officials to delay that review. The efforts delayed the release of the public draft of the review ... until earlier this month. As Monsanto had feared, the agency’s review found links between cancer and glyphosate.

Note: Internal FDA emails suggest that the food supply contains far more glyphosate than government reports indicate. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

When Cottage Grove, Minnesota’s drinking-water panic began, Mayor Myron Bailey was at a conference. It was May 22, 2017, and the state health department wanted to give Bailey a heads-up. It was about to set a new, lower level for a type of unregulated chemical found in Minnesota’s drinking water. And Cottage Grove’s would exceed the new threshold. He had known for years that per- and polyfluoroalkyl substances (or PFAS) ... lingered in the water around Cottage Grove. 3M’s factory had been churning out some varieties since the 1950s for the water- and stain-repellant Scotchgard. 3M also sold its PFAS to other companies to make Teflon, outdoor gear, greaseproof food papers and firefighting foams. Recent studies have linked widely used PFAS, including the varieties called PFOA and PFOS, to reduced immune response and cancer. That new evidence had stirred Minnesota’s health department to act. “There was always a perception in our community that cancer was caused by the drinking water,” Bailey said, but after the state’s announcement, “people freaked out.” Water tests show that 110 million Americans have levels of PFAS in their water that the most cautious scientists call unsafe. At the same time, new studies show how the chemicals can cause harm even at tiny doses. As awareness spreads, 3M has been named in dozens of lawsuits, several this year alone. Some target industrial sources. But most focus on airports where the chemicals were sprayed onto the ground in firefighting foams.

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

Decades after DuPont and 3M first discovered that the perfluorinated chemicals making them fortunes could be transmitted from mothers to babies, millions of women around the world are passing dangerous amounts of these toxic compounds to their children, according to a report published on Monday. Women’s breast milk in many countries now contains chemicals belonging to a class of compounds known as PFAS at levels well above the safety thresholds set by governments, says the report from international environmental group IPEN. In Jordan, for instance, researchers found breast milk contained, on average, 144 parts per trillion of PFOA, according to a 2015 study. That’s more than double the 70 ppt health advisory level the U.S. Environmental Protection Agency set for that chemical in drinking water; more than seven times the 20 ppt drinking water safety level recently set by the state of Vermont; and more than 10 times the 14 ppt drinking water threshold the state of New Jersey proposed for PFOA earlier this month. One woman’s milk contained 1,120 ppt of PFOA, according to the Jordanian study, which also found that 96 percent of cow’s milk samples also contained PFOS and PFOA. PFAS chemicals — used in nonstick pans, firefighting foam, and hundreds of other products — have also been found in breast milk in at least 19 countries in Europe, Asia, and North America, according to a study published in November in Environmental Science and Pollution Research.

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

News that the Environmental Protection Agency pressured the federal Agency for Toxic Substances and Disease Registry to suppress a study showing PFAS chemicals to be even more dangerous than previously thought drew outrage this spring. The EPA pressure delayed the study’s publication for several months. But the dangers presented by these industrial chemicals have been known for decades, not just a few months or years. A lawsuit filed by Minnesota against 3M, the company that first developed and sold PFOS and PFOA, the two best-known PFAS compounds, has revealed that the company knew that these chemicals were accumulating in people’s blood for more than 40 years. 3M researchers documented the chemicals in fish, just as the Michigan scientist did, but they did so back in the 1970s. The suit, which the Minnesota attorney general filed in 2010, charges that 3M polluted groundwater with PFAS compounds and “knew or should have known” that these chemicals harm human health and the environment, and “result in injury, destruction, and loss of natural resources of the State.” The complaint argues that 3M “acted with a deliberate disregard for the high risk of injury to the citizens and wildlife of Minnesota.” 3M settled the suit for $850 million in February, and the Minnesota Attorney General’s Office released a large set of documents — including internal studies, memos, emails, and research reports — detailing what 3M knew about the chemicals’ harms.

Note: Much more is available in this revealing article. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

A 3M environmental specialist, in a scathing resignation letter, accused company officials of being "unethical" and more "concerned with markets, legal defensibility and image over environmental safety" when it came to PFAS, the emerging contaminant causing a potential crisis throughout Michigan and the country. [The] explosive resignation letter is just one of a large cache of internal 3M memos and documents obtained by the Free Press through public records law from the Minnesota Attorney General’s Office. Then-Minnesota Attorney General Lori Swanson obtained the internal documents from the Minnesota-based company after suing 3M in 2010 over its environmental contamination in the state. The company settled the suit last year for $850 million. The nonstick compounds were used for decades ... in aqueous firefighting foam, industrial processes and a host of popular consumer products: Teflon nonstick pots and pans, ScotchGard stain protectants ... Gore-Tex water-resistant shoes and clothing, and more. But the same qualities that made PFAS compounds so useful also makes them almost indestructible in the environment, giving them the ominous nickname "the forever chemicals." PFAS can now be found in the blood of nearly 99% of Americans. It has even been found in polar bears in the Arctic Circle. Some 46 sites in Michigan are known to have groundwater with PFAS levels above the U.S. Environmental Protection Agency's lifetime health advisory guideline

Note: Much more is available in this revealing article. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

Facebook on Thursday banned conspiracy theorist and InfoWars founder Alex Jones and the accounts of other controversial figures. The company, citing violations of its policies on hate speech and promoting violence, is also blocking religious leader Louis Farrakhan, who is known for sharing anti-Semitic views; Paul Nehlen, a white nationalist who ran for Congress in 2018; far-right figures Milo Yiannopoulos and Laura Loomer; and conspiracy theorist Paul Joseph Watson. Those individuals and accounts that represent them are also banned from photo-sharing app Instagram, which Facebook owns. “They have rules, but enforcement is completely random,” said Roger McNamee, a high-profile Silicon Valley investor who has become a sharp critic of Facebook. “They don’t do anything about it until massive harm has been done and they can no longer find a dodge. Facebook is clearly feeling pressure.” McNamee said Facebook’s business model depends on amplifying content that stimulates fear and outrage, and banning a few influential figures doesn't change that. "It is sacrificing a handful of the most visible extreme voices in order to protect a much larger number of users it needs to maximize profits," he said. The Menlo Park, Calif., company didn’t say what specific posts or actions led to the bans, though a spokesperson said that Jones, Yiannopoulos and Loomer have all recently promoted Gavin McInnes, founder of the violence-prone far-right group the Proud Boys, whom Facebook banned in October.

Note: What happened to freedom of speech guaranteed in the US Constitution? For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the manipulation of public perception.

In a national first in the fight against the opioid crisis, a major drug distribution company, its former chief executive and another top executive have been criminally charged in New York. Rochester Drug Co-Operative, one of the top 10 largest drug distributors in the United States, was charged Tuesday with conspiracy to violate narcotics laws, conspiracy to defraud the U.S., and willfully failing to file suspicious order reports. Laurence Doud III, the company's former chief executive, and William Pietruszewski, the company’s former chief compliance officer, are individually charged with conspiracy to distribute controlled substances and conspiracy to defraud the U.S.. Pietruszewski is also charged with willfully failing to file suspicious order reports with the Drug Enforcement Administration, or DEA. The U.S. attorney's office also filed a lawsuit against Rochester Drug Co-Operative on Tuesday seeking "penalties and injunctive relief." Between 2012 and 2016, Rochester Drug Co-Operative is accused of distributing tens of millions of doses of oxycodone, fentanyl and other opioids to pharmacies that its own compliance department found had no legitimate need for them. Prosecutors said Rochester Drug Co-Operative went against the DEA and its own policies and distributed drugs to pharmacies that were "filling controlled substances prescriptions issued by practitioners acting outside the scope of their medical practice, under investigation by law enforcement, or on RDC’s 'watch list.'"

Note: Many doctors also profited from excessive prescribing of dangerous opioids. And according to a former DEA agent, Congress helped drug companies fuel the opioid epidemic. For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

British drug giant GlaxoSmithKline has finally admitted that thousands of babies in this country were inoculated with a batch of toxic whooping cough vaccines in the 1970s. Some experts believe that these Trivax vaccines - which had not passed critical company safety tests - may have caused permanent brain damage and even fatalities in young children. In 1992, the family of an Irish boy, Kenneth Best, who suffered brain damage from one of these toxic vaccines, was awarded Ł2.7 million in compensation by the Irish Supreme Court. The boy's family finally won this historic case after his mother Margaret made a startling find when sifting through tens of thousands of company documents. She discovered that the Trivax vaccine used on her son, from a batch numbered 3,741, had been released by the company despite it having failed to pass a critical safety test. Documents revealed that the 60,000 individual doses within this batch were known to be 14 times more potent than normal. Last year an investigation by The Observer found evidence to suggest that vaccines from this faulty batch ... had also been used in Britain. Liberal Democrat MP Norman Baker raised questions in the House of Commons, asking whether vaccines from this batch had been given to British babies. Then Health Minister Yvette Cooper wrote to the company asking for information. Now, almost a year later, GlaxoSmithKline has replied that it is 'highly probable' the toxic batches had been used in Britain.

Note: For more along these lines, see concise summaries of deeply revealing news articles on vaccine risks from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.

For almost 17 years, states and counties around the country have conducted elections on machines that have been repeatedly shown to be vulnerable to hacking, errors and breakdowns, and that leave behind no proof that the votes counted actually match the votes that were cast. Now ... states and counties across the country are working to replace these outdated machines with new ones. The purchases replace machines from the turn of the century that raise serious security concerns. But the same companies that made and sold those machines are behind the new generation of technology, and a history of distrust between election security advocates and voting machine vendors has led to a bitter debate over the viability of the new voting equipment. The draw of the new machines, called ballot-marking devices (BMD), is the promise of a paper ballot. But there are concerns with the integrity of the paper trail a BMD would create at every stage. Many BMD models on the market print a sort of two-in-one ballot with one section to be read by machines and another to be read by humans. Barcodes – or QR codes – that represent a voter’s choices are printed on the ballot along with plain text showing, presumably, the same information in a way people can understand. When the ballot is scanned, it is the barcode that is scanned and counted, not the text that voters can read. If a barcode is printed that represents a different choice, or the scanners were hacked, voters would not know the difference.

Note: Computer scientists have shown nearly every make and model of electronic voting machine to be vulnerable to hacking. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.

In 2015, Maryland’s main election system vendor was bought by a parent company with ties to a Russian oligarch. The state’s election officials did not know about the purchase until July 2018, when the FBI notified them of the potential conflict. The FBI investigated and did not find any evidence of tampering or sharing of voter data. But the incident was a giant red flag ... especially as many states have outsourced vote-counting to the private sector. Democracy in the United States is now largely a secretive and privately-run affair conducted out of the public eye with little oversight. The corporations that run every aspect of American elections, from voter registration to casting and counting votes by machine, are subject to limited state and federal regulation. The companies are privately-owned and closely held, making information about ownership and financial stability difficult to obtain. The software source code and hardware design of their systems are kept as trade secrets. A small network of companies ... have near-monopolies on election services, such as building voting machines. Across the spectrum, private vendors have long histories of errors that affected elections, of obstructing politicians and the public from seeking information, of corruption, suspect foreign influence, false statements of security and business dishonesty. The computer security world has been sounding the alarm since voting machines were adopted. Now lawmakers, election officials and national security experts are joining in.

Note: Computer scientists have shown nearly every make and model of electronic voting machine to be vulnerable to hacking. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.

Opening unauthorized bank accounts. Cheating customers on mortgages and car loans. If you can dream up a financial scam, there’s a good chance that Wells Fargo ran it on its customers in recent years. After years of pressure, the company finally parted ways with its second chief executive in three years. But this isn’t real accountability. When a criminal on the street steals money from your wallet, they go to jail. When small-business owners cheat their customers, they go to jail. But when corporate executives at big companies oversee huge frauds that hurt tens of thousands of people, they often get to walk away with multimillion-dollar payouts. Too often, prosecutors don’t even try to hold top executives criminally accountable. They claim it’s too hard to prove that the people at the top knew about the corporate misconduct. This culture of complicity warps the incentives for corporate leaders. The executives know that, at worst, the company will get hit with a fine — and the money will come out of their shareholders’ pockets, not their own. It doesn’t have to be this way. With sustained resources and a commitment to enforcing the law, we can bring more cases under existing rules. Beyond that, we should enact the Ending Too Big To Jail Act, which I introduced last year. That bill would make it easier to hold executives at big banks accountable for scams by requiring them to certify that they conducted a “due diligence” inquiry and found that no illegal conduct was occurring on their watch.

Note: The above was written by US Senator Elizabeth Warren. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.

In January 1993, David Reynard sued the NEC America Company, claiming that his wife’s NEC phone caused her lethal brain tumor. After Reynard appeared on national TV, the story went viral. A week later, [Cellular Telecommunications and Internet Association president Tom] Wheeler announced that his industry would pay for a comprehensive research program. Cell phones were already safe, Wheeler told reporters; the new research would simply “re-validate the findings of the existing studies.” George Carlo seemed like a good bet to fulfill Wheeler’s mission. In 1995, Carlo began directing the industry-financed Wireless Technology Research project (WTR), whose eventual budget of $28.5 million made it the best-funded investigation of cell-phone safety to date. He and Wheeler would eventually clash bitterly over the ... findings, which Carlo presented to wireless-industry leaders on February 9, 1999. By that date, the WTR had commissioned more than 50 original studies and reviewed many more. Those studies raised “serious questions” about cell-phone safety. A livid Tom Wheeler began publicly trashing Carlo to the media. Wheeler’s tactics succeeded in dousing the controversy. In the years to come, the WTR’s cautionary findings would be replicated by numerous other scientists ... leading the World Health Organization in 2011 to classify cell-phone radiation as a “possible” human carcinogen and the governments of Great Britain, France, and Israel to issue strong warnings on cell-phone use by children.

Note: Read the complete article above to learn how far the wireless industry has gone to hide the dangers of its products from the public. Also worthy of attention is a Harvard study titled "How the Federal Communications Commission Is Dominated by the Industries It Presumably Regulates". For more along these lines, see concise summaries of deeply revealing news articles on the risks and dangers of wireless technologies.

At least 25 prominent artificial-intelligence researchers, including experts at Google, Facebook, Microsoft and a recent winner of the prestigious Turing Award, have signed a letter calling on Amazon to stop selling its facial-recognition technology to law enforcement agencies because it is biased against women and people of color. The letter, which was publicly released Wednesday, reflects growing concern in academia and the tech industry that bias in facial-recognition technology is a systemic problem. Amazon sells a product called Rekognition through its cloud-computing division, Amazon Web Services. The company said last year that early customers included the Orlando Police Department in Florida and the Washington County Sheriffs Office in Oregon. In January, two researchers at the Massachusetts Institute of Technology published a peer-reviewed study showing that Amazon Rekognition had more trouble identifying the gender of female and darker-skinned faces in photos than similar services from IBM and Microsoft. It mistook women for men 19 percent of the time, the study showed, and misidentified darker-skinned women for men 31 percent of the time. There are no laws or required standards to ensure that Rekognition is used in a manner that does not infringe on civil liberties, the A.I. researchers wrote. We call on Amazon to stop selling Rekognition to law enforcement.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the erosion of civil liberties.

Not only is Alexa listening when you speak to an Echo smart speaker, an Amazon employee is potentially listening, too. Amazon (AMZN) employs a global team that transcribes the voice commands captured after the wake word is detected and feeds them back into the software ... Bloomberg reports. Amazon reportedly employs thousands of full-time workers and contractors in several countries, including the United States, Costa Rica and Romania, to listen to as many as 1,000 audio clips in shifts that last up to nine hours. The audio clips they listen to were described as "mundane" and even sometimes "possibly criminal," including listening to a potential sexual assault. In a response to the story, Amazon confirmed to CNN Business that it hires people to listen to what customers say to Alexa. Amazon doesn't "explicitly" tell Alexa users that it employs people to listen to the recordings. Amazon said in its frequently asked question section that it uses "requests to Alexa to train our speech recognition and natural language understanding systems." People can opt out of Amazon using their voice recordings to improve the software in the privacy settings section of the Alexa app. Alexa auditors don't have access to the customers' full name or address, but do have the device's serial number and the Amazon account number associated with the device. Amazon previously has been embroiled in controversy for privacy concerns regarding Alexa.

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

American shoppers are reaching for healthier, more environmentally and animal-friendly meat products, with 39 percent saying “all-natural” is the most important claim when purchasing red meat. But there’s one problem: The U.S. Department of Agriculture says that when it comes to meat and poultry, the term “natural” means only that the product has no artificial ingredients and has been minimally processed. It doesn’t mean anything when it comes to antibiotics, hormones or preservatives. Companies such as Tyson Foods Inc., Pilgrim’s Pride Corp. and Hormel Foods Corp. have been snapping up smaller, outwardly progressive competitors. At the same time, however, some of the major meat companies have been offering their own products as “natural,” replete with labels featuring blue skies and green fields. On April 8, the Superior Court of the District of Columbia - a jurisdiction with stringent consumer protection laws - dismissed a lawsuit by the Animal Legal Defense Fund (ALDF) alleging Hormel was misleading consumers. The court held that as long as manufacturer labels are approved by the USDA, the advertising can use the “natural” claims. In statements disclosed in the filing, a company executive said the same pigs it uses to make its famous Spam brand meat product are also used in Natural Choice pork products. Those pigs are often given antibiotics and are rarely allowed outdoors. “It’s a massive attempt to manipulate and dupe the consumer,” said David Muraskin, a food project attorney.

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

American billionaires are calling for changes to the system that enabled them to get rich. Warren Buffett, Jamie Dimon, Ray Dalio, Bill Gates and a list of others say that capitalism in its current form simply doesn’t work for the rest of the United States. Some of their remedies involve higher taxes. Hedge fund titan Ray Dalio is the most recent to criticize the current economic system. On Monday, the Bridgewater founder told CNBC that while it doesn’t need to be destroyed, capitalism does need to present an equal opportunity, which Dalio said he received through public education. The issue chafing billionaires and politicians alike is a growing income gap. The inequality between rich and poor Americans is as high as it was in late 1930s, Dalio pointed out in a paper posted online. The wealth of the top 1 percent of the population is now more than that of the bottom 90 percent of the population combined. Dalio called growing inequality and lack of investment in public education “an existential risk for the U.S.” Berkshire Hathaway CEO Warren Buffett - third on Forbe’s 2019 billionaires list - has repeatedly said the wealthy should be taxed more. In 2006, the CEO committed to give all of his Berkshire Hathaway stock to philanthropic foundations. He and Bill and Melinda Gates have asked hundreds of wealthy Americans to pledge at least 50 percent of their wealth to charity in the so-called “the Giving Pledge.” There are now 190 people signed on, including Facebook CEO Mark Zuckerberg and Netflix CEO Reed Hastings.

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

In his annual letter to shareholders, distributed last week, JPMorgan Chase CEO Jamie Dimon took aim at socialism, warning it would be “a disaster for our country,” because it produces “stagnation, corruption and often worse.” Dimon should know. He was at the helm when JPMorgan received a $25bn socialist-like bailout in 2008, after it and other Wall Street banks almost tanked because of their reckless loans. Dimon subsequently agreed to pay the government $13bn to settle charges that the bank overstated the quality of mortgages it was selling. According to the Justice Department, JPMorgan acknowledged it had regularly and knowingly sold mortgages that should have never been sold. To state it another way, Dimon and other Wall Street CEOs helped trigger the 2008 financial crisis when the dangerous and irresponsible loans their banks were peddling – on which they made big money – finally went bust. But instead of letting the market punish the banks (which is what capitalism is supposed to do) the government bailed them out and eventually levied paltry fines which the banks treated as the cost of doing business. Call it socialism for rich bankers. America’s five biggest banks, including Dimon’s, now control 46% of all deposits, up from 12% in the early 1990s. But, of course, Dimon isn’t really ... concerned about socialism. Dimon’s real concern is that America may end the kind of socialism he and other denizens of the Street depend on – bailouts, regulatory loopholes, and tax breaks.

Note: The above was written by former US secretary of labor Robert Reich. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.

Gardasil, the vaccine for HPV (human papillomavirus), may not be as safe as backers claim. Judicial Watch announced it has received documents from the Department of Health and Human Services (HHS) revealing that its National Vaccine Injury Compensation Program (VICP) has awarded $5,877,710 dollars to 49 victims in claims made against the highly controversial HPV (human papillomavirus) vaccines. To date 200 claims have been filed with VICP, with barely half adjudicated. “This new information from the government shows that the serious safety concerns about the use of Gardasil have been well-founded. Public health officials should stop pushing Gardasil on children.” said Judicial Watch President Tom Fitton. The CDC recommends the Gardasil vaccine, made by Merck Pharmaceuticals, for all females between 9 and 26 years to protect against HPV. The facts appear to contradict the FDA’s safety statements. The adverse reaction reports detail 26 new deaths reported between September 1, 2010 and September 15, 2011 as well as incidents of seizures, paralysis, blindness, pancreatitis, speech problems, short term memory loss and Guillain-Barré Syndrome. While it is not clear exactly what is causing so many adverse reactions, Gardasil does contain genetically engineered virus-like protein particles as well as aluminum, which can affect immune function. Merck studied the Gardasil vaccine in fewer than 1,200 girls under 16 prior to it being released to the market under a fast-tracked road to licensure.

Note: For more along these lines, see concise summaries of deeply revealing news articles on vaccine risks from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.

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.