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.

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.

Last May, an elderly man was admitted to the Brooklyn branch of Mount Sinai Hospital for abdominal surgery. A blood test revealed that he was infected with a newly discovered germ as deadly as it was mysterious. Doctors swiftly isolated him in the intensive care unit. The germ, a fungus called Candida auris, preys on people with weakened immune systems, and it is quietly spreading across the globe. Recently C. auris reached New York, New Jersey and Illinois, leading the federal Centers for Disease Control and Prevention to add it to a list of germs deemed “urgent threats.” C. auris is so tenacious, in part, because it is impervious to major antifungal medications, making it a new example of one of the world’s most intractable health threats: the rise of drug-resistant infections. For decades, public health experts have warned that the overuse of antibiotics was reducing the effectiveness of drugs that have lengthened life spans by curing bacterial infections once commonly fatal. But lately, there has been an explosion of resistant fungi as well. Yet as the problem grows, it is little understood by the public — in part because the very existence of resistant infections is often cloaked in secrecy. With bacteria and fungi alike, hospitals and local governments are reluctant to disclose outbreaks for fear of being seen as infection hubs. Even the C.D.C., under its agreement with states, is not allowed to make public the location or name of hospitals involved in outbreaks.

Note: For more on this new disease, see this article. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.

Each year, state lawmakers across the U.S. introduce thousands of bills dreamed up and written by corporations, industry groups and think tanks. Disguised as the work of lawmakers, these so-called “model” bills get copied in one state Capitol after another, quietly advancing the agenda of the people who write them. A two-year investigation by USA TODAY, The Arizona Republic and the Center for Public Integrity reveals for the first time the extent to which special interests have infiltrated state legislatures using model legislation. USA TODAY and the Republic found at least 10,000 bills almost entirely copied from model legislation were introduced nationwide in the past eight years, and more than 2,100 of those bills were signed into law. In a separate analysis, the Center for Public Integrity identified tens of thousands of bills with identical phrases, then traced the origins of that language. Model bills passed into law have ... limited access to abortion and restricted the rights of protesters. In all, these copycat bills amount to the nation’s largest, unreported special-interest campaign, driving agendas in every statehouse and touching nearly every area of public policy. USA TODAY found more than 4,000 bills benefiting industry were introduced nationwide during the eight years it reviewed. More than 80 of those bills limit the public's ability to sue corporations, including limiting class-action lawsuits, a plaintiff's ability to offer expert testimony, and cap punitive damages for corporate wrongdoing.

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

On Sept. 7, 2017, the world heard an alarming announcement from credit ratings giant Equifax: In a brazen cyberattack, somebody had stolen sensitive personal information from more than 140 million people, nearly half the population of the U.S. The information included Social Security numbers, driver's license numbers, information from credit disputes and other personal details. Then, something unusual happened. The data disappeared. Completely. CNBC talked to eight experts. All of them agreed that a breach happened, and personal information from 143 million people was stolen. But none of them knows where the data is now. Security experts haven't seen the data used in any of the ways they'd expect in a theft like this — not for impersonating victims, not for accessing other websites, nothing. Most experts familiar with the case now believe that the thieves were working for a foreign government and are using the information not for financial gain, but to try to identify and recruit spies. One former senior intelligence official ... summarized the prevailing expert opinion on how the foreign intelligence agency is using the data. First, he said, the foreign government is probably combining this information with other stolen data, then analyzing it using artificial intelligence or machine learning to figure out who's likely to be — or to become — a spy for the U.S. government. Second, credit reporting data provides compromising information that can be used to turn valuable people into agents of a foreign government.

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

A federal jury dealt a huge blow to Monsanto, saying its popular weedkiller Roundup was a substantial factor in causing a California man's cancer. It's the second time in eight months that a jury has reached such a decision. But Edwin Hardeman's case against Monsanto is the first to be tried in federal court. And thousands of similar cases are still pending at the federal or state level. But this trial isn't over yet. While the first phase focused on whether Roundup caused Hardeman's cancer, the second phase ... focuses on whether Monsanto is liable. It's unclear how much the jury might award Hardeman in damages, if anything at all. But last August, in the first state trial over whether Roundup can cause cancer, California jurors awarded former school groundskeeper Dewayne Johnson $289 million in punitive and compensatory damages. A judge later reduced the total award to $78 million. Non-Hodgkin's lymphoma patients who used Roundup started suing Monsanto by the hundreds after a World Health Organization report ... said glyphosate is "probably carcinogenic to humans." While debate continues over whether glyphosate is safe, parts of the country are limiting or banning it, said the US Public Interest Research Group Education Fund. "Following the state court decision last year, we saw a huge uptick in local ordinances that would regulate the use of Roundup on playgrounds, schoolyards and public parks," said PIRG's Kara Cook-Schultz, who leads a campaign to ban Roundup.

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.

In September 2017, Aileen Black wrote an email to her colleagues at Google. Black, who led sales to the U.S. government, worried that details of the companys work to help the military guide lethal drones would become public through the Freedom of Information Act. We will call tomorrow to reinforce the need to keep Google under the radar," Black wrote. According to a Pentagon memo signed last year, however, no one at Google needed worry: All 5,000 pages of documents about Googles work on the drone effort, known as Project Maven, are barred from public disclosure, because they constitute critical infrastructure security information." The memo is part of a recent wave of federal decisions that keep sensitive documents secret on that same basis - thus allowing agencies to quickly deny document requests. In response to a Freedom of Information Act request I filed more than a year ago, seeking documents related to Project Mavens use of Google technology, the Defense Department said that it had discovered 5,000 pages of relevant material - and that every single page was exempt from disclosure. Some of the pages included trade secrets, sensitive internal deliberations, and private personal information about some individuals, the department said. Such information can be withheld under the act. But it said all of the material could be kept private under Exemption 3" of the act, which allows the government to withhold records under a grab bag of other federal statutes.

Note: Read more about Project Maven. Google employees strongly opposed working on war technology, and circulated a petition to stop the project. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

The nation's eighth-largest nonprofit donated $56.1 million to a series of organizations identified as hate groups from 2015 to 2017, according to a report from Sludge. National Christian Foundation, which identifies itself as the largest Christian grant maker and one of the largest donor-advised funds in the nation, has served as a vehicle for individuals trying to anonymously send money. Donor-advised funds allow individuals sending the tax deductible contributions to remain anonymous from the IRS and instruct where they want the payments to be sent. For those donating via NCF, this meant sending money to 23 organizations that the Southern Poverty Law Center has labeled hate groups. Most of the hate organizations that received money from the NCF opposed LGBT rights. The report also found that the NCF donated to anti-Muslim and anti-immigrant organizations. Organizations receiving the most funds from NCF included the Alliance Defending Freedom, which has advocated for sterilizing transgender individuals, and the Family Research Council, which has advocated conversion therapy. Members of the Family Research Council including Tony Perkins, the organization's president, have sought to link pedophilia and homosexuality. The NCF's website says it has "accepted over $12 billion in contributions and made over $10 billion in giver-recommended grants to more than 55,000 charities."

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

Purdue Pharma has agreed to pay $270 million to settle a historic lawsuit brought by the Oklahoma attorney general, who accused the OxyContin maker of aggressively marketing the opioid painkiller and fueling a drug epidemic that left thousands dead in the state. The settlement comes after Purdue [sought] to delay the start of the trial, which is scheduled for May 28. Attorney General Mike Hunter said ... that $102.5 million of the settlement would be used to help establish a national addiction treatment and research center at Oklahoma State University. The company will also provide $20 million of addiction treatment and opioid rescue medications to the center. A remaining $12.5 million from the settlement will be used directly to help cities and counties with the opioid crisis. The Sackler family, who founded and own Purdue Pharma, will also contribute $75 million over the next five years to the treatment and research center. The lawsuit was brought by Hunter against some of the nation's leading makers of opioid pain medications, alleging that deceptive marketing over the past decade fueled the epidemic in the state. Hunter has said the defendants - Purdue Pharma, Johnson & Johnson, Teva Pharmaceuticals, Allergan and others - deceived the public into believing that opioids were safe for extended use. The settlement was only with Purdue Pharma, and the other defendants are still scheduled to go to trial. Thirty-six states have brought cases against Purdue and other opioid drugmakers.

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.

Yesterday afternoon a colleague forwarded me an article from the Daily Mail, asking me if it could possibly be true. The article in question is an expose on Snopes.com, the fact checking site used by journalists ... that Facebook recently partnered with to fact check news stories on its platform. The Daily Mail’s article makes a number of claims about the site’s principles and organization, [and questions] whether the site could possibly act as a trusted and neutral arbitrator of the “truth.” The Daily Mail appeared to be sourcing its claims from a series of emails and other documents from a court case. Neither Snopes nor its principles had issued any kind of statement ... disclaiming the story. When I reached out to David Mikkelson, the founder of Snopes, for comment, I fully expected him to respond with a lengthy email in Snopes’ trademark point-by-point format. It was with incredible surprise therefore that I received David’s one-sentence response which read in its entirety “I'd be happy to speak with you, but I can only address some aspects in general because I'm precluded by the terms of a binding settlement agreement from discussing details of my divorce.” This absolutely astounded me. Here was the one of the world’s most respected fact checking organizations, soon to be an ultimate arbitrator of “truth” on Facebook, saying that it cannot respond to a fact checking request because of a secrecy agreement. In short, when someone attempted to fact check the fact checker, the response was the equivalent of “it's secret.”

Note: For lots more on this, see this webpage. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the manipulation of public perception.

All over the western world banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure. Financial institutions ... are trying to nudge us towards a cashless society and digital banking. The true motive is corporate profit. Payments companies such as Visa and Mastercard want to increase the volume of digital payments services they sell, while banks want to cut costs. The nudge requires two parts. First, they must increase the inconvenience of cash. Second, they must vigorously promote the alternative. But a cashless society is not in your interest. It is in the interest of banks and payments companies. Their job is to make you believe that it is in your interest too, and they are succeeding in doing that. The recent Visa chaos, during which millions of people who have become dependent on digital payment suddenly found themselves stranded when the monopolistic payment network crashed, was a temporary setback. Digital systems may be “convenient”, but they often come with central points of failure. Cash, on the other hand, does not crash. It does not rely on external data centres, and is not subject to remote control or remote monitoring. The cash system allows for an unmonitored “off the grid” space. This is also the reason why financial institutions and financial technology companies want to get rid of it. Cash transactions are outside the net that such institutions cast to harvest fees and data.

Note: For more on this questionable trend, see this article and this one in the UK's Guardian. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption and the disappearance of privacy.

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.