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Revealing News For a Better World

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.


Rudy Giuliani won deal for OxyContin maker to continue sales of drug behind opioid deaths
2018-05-22, The Guardian (One of the UK's leading newspapers)
Posted: 2018-06-04 00:38:55
https://www.theguardian.com/us-news/2018/may/22/rudy-giuliani-opioid-epidemic...

The US government missed the opportunity to curb sales of the drug that kickstarted the opioid epidemic when it secured the only criminal conviction against the maker of OxyContin a decade ago. Purdue Pharma hired Rudolph Giuliani, the former New York mayor and now Donald Trump’s lawyer, to head off a federal investigation in the mid-2000s into the company’s marketing of the powerful prescription painkiller at the centre of an epidemic estimated to have claimed at least 300,000 lives. While Giuliani was not able to prevent the criminal conviction over Purdue’s fraudulent claims for OxyContin’s safety and effectiveness, he was able to reach a deal to avoid a bar on Purdue doing business with the federal government which would have killed a large part of the multibillion-dollar market for the drug. The former New York mayor also secured an agreement that greatly restricted further prosecution of the pharmaceutical company and kept its senior executives out of prison. The US attorney who led the investigation, John Brownlee, has ... expressed surprise that Purdue did not face stronger action. Purdue is now facing ... civil lawsuits [in] New York, Texas and five other states. But Brownlee was the first, and so far only, prosecutor to secure a criminal conviction against the drug maker. Brownlee’s office discovered training videos in which reps acted out selling the drug using the false claims. “This was ... pushed from the highest levels of the company,” said Brownlee.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in Big Pharma.


Dodd-Frank rollback is money in the banks
2018-05-23, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2018-06-04 00:36:57
https://www.sfchronicle.com/opinion/editorials/article/Editorial-Dodd-Frank-r...

The House’s bipartisan vote Tuesday to weaken Dodd-Frank, the banking and consumer reform legislation passed in the wake of the 2008 financial collapse and recession ... dramatically shrinks the number of institutions deemed important to the financial system and therefore subject to strict oversight. It raises the threshold automatically triggering such measures from $50 billion to $250 billion in assets. Small banks, defined as under $10 billion in assets, would also be exempt from the Volcker Rule, which prohibits certain risky investments of customers’ money. And an estimated 85 percent of banks would also be excused from reporting requirements meant to detect discrimination in home mortgage lending. Supporters of the regulatory retreat would have the public believe that Dodd-Frank constitutes a crushing burden on a struggling financial industry. Meanwhile, on the very day that the House approved the rollback, the Federal Deposit Insurance Corp. reported that the commercial banks and savings institutions it covers made $56 billion in the first quarter of the year, a 27.5 percent increase from a year earlier. Congress’ ... likely motivation is another figure: the $1.1 billion in contributions to federal campaigns attributed to financial institutions in the last two-year election cycle, according to the Center for Responsive Politics, more than any other sector spent. That haul favored Republicans only modestly, with 46 percent going to Democrats. Judging by this week’s vote, it was money well spent.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.


After the Crash, Big Banks Got Bailouts. Abacus Faced Charges.
2017-09-12, PBS
Posted: 2018-06-04 00:34:18
https://www.pbs.org/wgbh/frontline/article/after-the-crash-big-banks-got-bail...

In 2009, shortly after the housing market crashed and the markets melted down, the owners of a small community bank in New York City’s Chinatown discovered fraud within their loan department. The bank’s owners, the Chinese-American Sung family ... reported the fraud to their regulators. But two-and-a-half years later, the bank was accused of mortgage fraud by the Manhattan District Attorney’s Office — making Abacus Federal Savings the only U.S. bank to be prosecuted in relation to the financial collapse and the first bank indicted in New York since 1991. Why did Abacus face charges, while the biggest banks on Wall Street all avoided prosecution for fraud? That’s the question at the heart of [the new documentary film] Abacus: Small Enough to Jail. Abacus chronicles the Sung family’s quest to clear their names, the district attorney’s case against the bank — and how 19 of the bank’s ex-employees, largely immigrants, were treated by the justice system. When 12 ex-employees of the bank who refused to plead guilty were arraigned, [they were] handcuffed to each other, and in the words of one of their attorneys, “herded like cattle” down courthouse hallways. “Reporters ... were treated to this extraordinary photo opportunity, this almost Stalinist looking chain gang” of Asian Americans, says journalist Matt Taibbi. “I had never seen that in my entire time at the DA’s office,” says Chanterelle Sung, whose father, Thomas, is the bank’s founder. She had worked at the office as a prosecutor for seven years.

Note: You can watch the PBS special on this strange story on this webpage. A transcript of this documentary is available here. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.


Why are for-profit US prisons subjecting detainees to forced labor?
2018-05-17, The Guardian (One of the UK's leading newspapers)
Posted: 2018-05-27 13:40:24
https://www.theguardian.com/commentisfree/2018/may/17/us-private-prisons-forc...

In 2017, officials at the Stewart immigration detention center in Georgia placed Shoaib Ahmed, a 24-year-old immigrant from Bangladesh, in solitary confinement for encouraging fellow workers to stop working. His punishment was solitary confinement for 10 days. Stewart is operated by the largest prison corporation in the US, CoreCivic (formerly Corrections Corporation of America), under a contract with Immigration and Customs Enforcement (Ice). A growing number of detained immigrants ... are subjected to forced labor. In April, we filed a lawsuit ... against CoreCivic, alleging that the prison corporation violates human trafficking laws and employs a deprivation scheme to force immigrants detained at Stewart to work for sub-minimum wages, and then threatens to punish them for refusing to work through solitary confinement or loss of access to necessities. A lawsuit against Geo Group, another prison corporation, is moving forward for using similar practices. CoreCivics abuse and exploitation ... constitute a contemporary form of slavery as we detailed in a submission to the UN special rapporteur on the human rights of migrants. None of this bothered a group of 18 Republican lawmakers ... who sent a letter to Jeff Sessions, Ice, and the Department of Labor asking them to help ... Geo Group defend itself against the lawsuits. These legislators support for the prison corporations perhaps should not come as a surprise. Private prison companies contributed $1.6m during the 2016 federal election cycle.

Note: The federal class action lawsuit described in the article above was filed against CoreCivic by Project South jointly with the Southern Poverty Law Center, attorney Andrew Free, and the law firm Burns Charest LLP. For more along these lines, see concise summaries of deeply revealing news articles on prison industry corruption and the erosion of civil liberties.


How Baby Boomers Broke America
2018-05-17, Time
Posted: 2018-05-27 13:34:56
http://time.com/magazine/us/5280431/may-28th-2018-vol-191-no-20-u-s/

About five decades ago, the core values that make America great began to bring America down. The First Amendment became a tool for the wealthy to put a thumb on the scales of democracy. America’s rightly celebrated dedication to due process was used as an instrument to block government from enforcing job-safety rules ... and otherwise protecting the unprotected. Election reforms ... wound up undercutting democracy. Ingenious financial and legal engineering turned our economy ... into a casino with only a few big winners. Distinctly American ideas became the often unintended instruments for splitting the country into two classes: the protected and the unprotected. The protected overmatched, overran and paralyzed the government. The unprotected were left even further behind. Income inequality has soared: Middle-class wages have been nearly frozen for the last four decades, while earnings of the top 1% have nearly tripled. For adults in their 30s, the chance of earning more than their parents dropped to 50% from 90% just two generations earlier. Many of the most talented, driven Americans used what makes America great - the First Amendment, due process, financial and legal ingenuity, free markets and free trade, meritocracy, even democracy itself - to chase the American Dream. And they won it, for themselves. Then, in a way unprecedented in history, they were able to consolidate their winnings ... and pull up the ladder so more could not share in their success or challenge their primacy.

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


Google employees quit over controversial Pentagon work
2018-05-14, New York Post
Posted: 2018-05-21 19:50:26
https://nypost.com/2018/05/14/google-employees-quit-over-controversial-pentag...

Theres something eating at Google employees. Roughly one dozen employees of the search giant have resigned in the wake of reports that the ... company is providing artificial intelligence to the Pentagon. The employees resigned because of ethical concerns over the companys work with the Defense Department that includes helping the military speed up analysis of drone footage by automatically classifying images of objects and people, Gizmodo reported. Many of the employees who quit have written accounts of their decisions to leave the company. Their stories have been gathered and shared in an internal document. Google is helping the DoDs Project Maven implement machine learning to classify images gathered by drones, according to the report. Some employees believe humans, not algorithms, should be responsible for this sensitive and potentially lethal work - and that Google shouldnt be involved in military work at all. The 12 resignations are the first known mass resignations at Google in protest against one of the companys business decisions - and they speak to the strongly felt ethical concerns of the employees who are departing. In addition to the resignations, nearly 4,000 Google employees have voiced their opposition to Project Maven in an internal petition that asks Google to immediately cancel the contract and institute a policy against taking on future military work.

Note: You can read the full employee petition on this webpage. An open letter in support of google employees and tech workers was signed by more than 90 academics in artificial intelligence, ethics, and computer science. The New York Times also published a good article on this. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and war


Employers are monitoring computers, toilet breaks – even emotions. Is your boss watching you?
2018-05-14, The Guardian (One of the UK's leading newspapers)
Posted: 2018-05-21 19:48:30
https://www.theguardian.com/world/2018/may/14/is-your-boss-secretly-or-not-so...

Last year an American company microchipped dozens of its workers. Of the 90 people who work at [Three Square Market] headquarters, 72 are now chipped. Two months ago, the company ... started chipping people with dementia. If someone wanders off and gets lost, police can scan the chip “and they will know all their medical information, what drugs they can and can’t have, they’ll know their identity.” So far, Three Square Market has chipped 100 people, but plans to do 10,000. The company has just launched a mobile phone app that pairs the chip with the phone’s GPS, enabling the implantee’s location to be tracked. Last week, it started using it with people released from prison on probation. Some Chinese companies are using sensors in helmets and hats to scan workers’ brainwaves. There are tech companies selling products that can ... monitor keystrokes and web usage, and even photograph [employees] using their computers’ webcams. All this can be done remotely. Monitoring is built into many of the jobs that form the so-called “gig economy”. It’s not easy to object to the constant surveillance when you’re desperate for work. What has surprised [Cass Business School professor André Spicer] is how willingly people in better-paid jobs have taken to it. Spicer has watched the shift away from “monitoring something like emails to monitoring people’s bodies – the rise of bio-tracking basically. The monitoring of your vital signs, emotions, moods.”

Note: Author James Bloodworth describes the high tech monitoring of workers at Amazon warehouses in his new book, "Hired: Six Months Undercover in Low-Wage Britain". For more along these lines, see concise summaries of deeply revealing news articles on microchip implants and the disappearance of privacy.


This old drug was free. Now it’s $109,500 a year.
2017-12-18, Washington Post
Posted: 2018-05-21 19:46:36
https://www.washingtonpost.com/news/wonk/wp/2017/12/18/this-old-drug-was-free...

For decades, Don Anderson of Seattle has been taking the same drug to help control the temporary bouts of immobility and muscle weakness caused by a rare and frightening genetic illness called periodic paralysis. The drug Anderson has been taking all these years was originally approved in 1958 and used primarily to treat the eye disease glaucoma under the brand name Daranide. The price has been on a roller coaster in recent years — zooming from a list price of $50 for a bottle of 100 pills in the early 2000s up to $13,650 in 2015, then plummeting back down to free, before skyrocketing back up to $15,001 after a new company, Strongbridge Biopharma, acquired the drug and relaunched it this spring. The zigzagging trajectory of the price of Daranide, now known as Keveyis, shows just how much freedom drug companies have in pricing therapies — and what a big business opportunity selling extremely-rare-disease drugs has become. In 2016, after The Washington Post asked questions about the high price of the drug, Sun Pharmaceutical said it would give the drug away free. Late last year, Sun agreed to sell Keveyis to a biotech company, Strongbridge Biopharma. In April, Strongbridge relaunched the drug. In August, it jacked the list price ... to $15,001 for a bottle of 100 pills. In a PowerPoint presentation for investors, Strongbridge Biopharma estimated that the annual price of treatment for the drug, Keveyis, would range from $109,500 to $219,000.

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


The problem with prescription drug prices
2018-05-06, CBS News
Posted: 2018-05-21 19:43:59
https://www.cbsnews.com/news/the-problem-with-prescription-drug-prices/

One very expensive prescription drug threatened to financially cripple an entire city. Rather than using a health insurance company, Rockford, [Illinois] has, for years, paid its own health care costs for its 1,000 employees and their dependents. When Rockford got hit with the drug bill it was so enormous the mayor at the time set out to understand why. In 2015, two small children of Rockford employees were treated with Acthar, a drug that's been on the market since 1952. In 2001, Acthar sold for about $40 a vial. Today: more than $40,000. [Rockford Mayor Larry Morrissey] wanted to know how that could've happened. His investigation got nowhere until last year, when the Federal Trade Commission charged the drug manufacturer, Mallinckrodt, with violating antitrust laws. [The company] bought another drug that was Acthar's main competitor ... and put it on the shelf. Many of the doctors who prescribed a lot of Acthar also were getting money from the company that makes Acthar ... adding up to huge sums. Cities like Rockford [hire pharmacy benefit managers or PBMs] to negotiate down the price of drugs. The company negotiating prices for Rockford is Express Scripts. Express Scripts is many companies, not just the PBM. It also owns a pharmacy that sells expensive drugs, [as well as] a company that ships and packs expensive drugs. The city of Rockford was able to find out one more piece of the puzzle: that Express Scripts ... had a contract to be the exclusive distributor of Acthar.

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


F.D.A. Names and Shames Drug Makers to Encourage Generic Competition
2018-05-17, New York Times
Posted: 2018-05-21 19:42:04
https://www.nytimes.com/2018/05/17/health/drug-prices-generics-fda.html

Pharmaceutical companies that spend billions of dollars to develop new drugs do not want competitors to profit from inexpensive generic copies of blockbuster medicines. To avoid rivals, they ... sometimes prevent generic drug companies from obtaining samples. Dr. Scott Gottlieb, the commissioner of the Food and Drug Administration, calls this “gaming the system,” and has vowed to stop it. On Thursday, the F.D.A. took a new tack and began posting a list of makers of brand-name drugs that have been the target of complaints, to persuade them to “end the shenanigans,” in the commissioner’s words. Congressional efforts to force the companies to hand over samples of their drugs to generic competitors have not been successful. Generic drug developers usually need between 1,500 to 5,000 units of the brand drug to develop their product and test it. Both the F.D.A. and the Federal Trade Commission say securing the samples can be difficult. The F.D.A.’s new list includes drug companies the agency said may be pursuing gaming tactics to delay generic competition. Along with the name of each business, the agency noted how many inquiries it received from generic drug companies seeking supplies. Celgene, [which makes drugs to treat cancer and immune-inflammatory diseases], tops the list. Other companies ... included GlaxoSmithKline, Pfizer, Valeant Pharmaceuticals International, BioMarin Pharmaceutical, Gilead Sciences and Novartis Pharmaceuticals.

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


Wells Fargo Still Hasn’t Gotten Ahead of Its Problems
2018-05-17,
Posted: 2018-05-21 19:36:02

On Thursday, the Wall Street Journal reported that Wells Fargo recently discovered that employees were improperly altering the documents of business borrowers, adding information to the accounts without the consent or notifying the clients. The latest issue comes only a week after news came out that Wells Fargo admitted it had improperly collected fees on a Tennessee public pension fund. Improper fees could be a widespread problem in its pension fund business. The bank’s wealth management unit is also under investigation for pressuring clients into rolling over their low-cost 401(k) accounts into more expensive alternatives. Wells Fargo has regularly said its problems are in the past, without spending the money it should to actually put those problems in the past. Wells Fargo, like other banks, doesn’t break out what it spends on compliance, and says it’s generally spending more, but in its most recent quarter it’s hard to see where. In February, the Federal Reserve sanctioned Wells Fargo for not having proper risk controls in place. The bank has since told shareholders it plans to cut costs, not raise them in order to improve compliance. The most recent problem ... appears to have come as Wells Fargo raced to comply with an order from regulators that it collect information on more than 100,000 accounts that it was supposed to have. It appears employees improperly altered the files, potentially adding false information, as part this regulatory review, once again showing a lack of oversight.

Note: Last year, it was reported that a Wells Fargo insurance scam defrauded 570,000 customers. The year before, this bank was caught opening millions of fake accounts using stolen customer identities. Wells Fargo fires employees and pays fines whenever these crimes are uncovered. But no bank executives are criminally prosecuted. And new problems continue coming to light. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.


'CEOs don't want this released': US study lays bare extreme pay-ratio problem
2018-05-18, The Guardian (One of the UK's leading newspapers)
Posted: 2018-05-21 19:34:56
https://www.theguardian.com/us-news/2018/may/16/ceo-worker-pay-ratio-america-...

The first comprehensive study of the massive pay gap between the US executive suite and average workers has found that the average CEO-to-worker pay ratio has now reached 339 to 1, with the highest gap approaching 5,000 to 1. The study, titled "Rewarding Or Hoarding?," was published [by] US congressman Keith Ellison. Just the summary makes for sober reading. In 188 of the 225 companies in the report’s database, a single chief executive’s pay could be used to pay more than 100 workers; the average worker at 219 of the 225 companies studied would need to work at least 45 years to earn what their CEO makes in one. “Now we know why CEOs didn’t want this data released,” says Ellison, who championed the implementation of the pay ratio disclosure rule as it was written into the Dodd-Frank financial reform bill of 2010. “I knew inequality was a great problem in our society but I didn’t understand quite how extreme it was.” The requirements, long resisted by some of the largest US companies, simply tells companies to identify a median worker and then calculate how much the CEO makes in comparison to that person. According to a recent Bloomberg analysis of 22 major world economies, the average CEO-worker pay gap in the US far outpaces that of other industrialized nations. The average US CEO makes more than four times his or her counterpart in the other countries analyzed. Ellison said the data remains imperfect, as companies are still able to exclude contracted workers from their reporting.

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


Alexa and Siri Can Hear This Hidden Command. You Cant.
2018-05-10, New York Times
Posted: 2018-05-15 07:08:25
https://www.nytimes.com/2018/05/10/technology/alexa-siri-hidden-command-audio...

Over the last two years, researchers in China and the United States have begun demonstrating that they can send hidden commands that are undetectable to the human ear to Apples Siri, Amazons Alexa and Googles Assistant. Researchers have been able to secretly activate the artificial intelligence systems on smartphones and smart speakers, making them dial phone numbers or open websites. In the wrong hands, the technology could be used to unlock doors, wire money or buy stuff online - simply with music playing over the radio. A group of students from University of California, Berkeley, and Georgetown University showed in 2016 that they could hide commands in white noise played over loudspeakers and through YouTube videos to get smart devices to turn on airplane mode or open a website. This month, some of those Berkeley researchers published a research paper that went further, saying they could embed commands directly into recordings of music or spoken text. So while a human listener hears someone talking or an orchestra playing, Amazons Echo speaker might hear an instruction to add something to your shopping list. There is no American law against broadcasting subliminal messages to humans, let alone machines. The Federal Communications Commission discourages the practice as counter to the public interest, and the Television Code of the National Association of Broadcasters bans transmitting messages below the threshold of normal awareness.

Note: Read how a hacked vehicle may have resulted in journalist Michael Hastings' death in 2013. A 2015 New York Times article titled "Why Smart Objects May Be a Dumb Idea" describes other major risks in creating an "Internet of Things". Vulnerabilities like those described in the article above make it possible for anyone to spy on you with these objects, accelerating the disappearance of privacy.


Amazon paid no US income taxes for 2017
2018-02-27, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2018-05-15 07:04:48
https://www.sfgate.com/business/tech/article/Amazon-paid-no-US-income-taxes-f...

Amazon won't pay any federal income taxes after topping $5.6 billion in income in 2017. The Seattle-based online retailer will end up paying out roughly $769 million in taxes for the year, but $724 million of that will be in foreign taxes. That's according to an analysis of the online behemoth's 2017 10-K form, which "provides a comprehensive overview of the company's business and financial condition," according to the Securities and Exchange Commission. Public companies are required to submit the form every year to the SEC. Without being privy to the company's tax return, no one can say exactly how CEO Jeff Bezos and Co. avoided what could have been more than $1.3 billion in federal taxes based solely on the annual financial report, but there is information to be gleaned. For example, Amazon took out a $917 million tax deduction on stock options exercised by current or former employees. Unlike wages ... the stock options don't require any cash expenditures by the company. Another ingredient in the low tax bill is likely capital expenditure depreciation ... where companies are allowed to write off the cost of some expenses - say those incurred while building a distribution center, for example - up front. [Amazon] earned a windfall from the Trump administration's U.S. Tax Cuts and Jobs Act of 2017, passed in December. Amazon readjusted estimates for taxes deferred under the old 35 percent corporate tax rate to meet the new tax law's 21 percent figure, which resulted in an estimated $789 million reduction.

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


What Charles Koch and Other Donors to George Mason University Got for Their Money
2018-05-05, New York Times
Posted: 2018-05-15 06:50:47
https://www.nytimes.com/2018/05/05/us/koch-donors-george-mason.html

A group of student activists sat in the library at George Mason University this past week feeling both vindicated and violated. The group, Transparent GMU, had sued ... last year after it was denied requests for documents that it suspected showed how deep-pocket donors were given undue influence over academic affairs. After a recent court hearing in the case, the university released those documents. The documents reveal in surprising detail that for years, as George Mason grew from a little-known commuter school to a major public university and a center of libertarian scholarship, millions of dollars in donations from conservative-leaning donors like the Charles Koch Foundation had come with strings attached. As early as 1990, entities controlled by the billionaire brothers Charles G. and David H. Koch were given a seat on a committee to pick candidates for a professorship that they funded. Similar arrangements that continued through 2009 gave donors decision-making roles in selecting candidates for key economics appointments. In 2016, executives of the Federalist Society, a conservative national organization of lawyers, served as agents for a $20 million gift from an anonymous donor, and were given the right to terminate installments of the gift at their discretion. Federalist Society officials were also involved in hiring discussions and had suggested a student for admission. In academia, such influence is viewed as inappropriate.

Note: The above article suggests that the secretive empire built by the Koch brothers to manipulate US politics extends deep into academia. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.


Bosses read workers' minds: It's not the future, it's now
2018-04-03, New York Post
Posted: 2018-05-08 00:57:14
https://nypost.com/2018/04/30/chinese-companies-are-monitoring-employees-brains/

Chinese companies are picking their employees’ brains - literally - with mind-reading devices designed to improve efficiency and performance. Workers are being outfitted with safety helmet-like caps that monitor brain waves and send the information to computers that use artificial intelligence algorithms to detect emotional spikes, like depression, anxiety and rage. The Orwellian technology has been used on factory employees, train conductors and workers at State Grid Zhejian Electric Power. State Grid, which has 40,000 employees ... said the company’s profits have increased by about $315 million since it implemented the surveillance caps in 2014. The government-funded brain-monitoring project, called Neuro Cap, has been implemented in more than a dozen factories and businesses. Jin Jia, an associate professor of brain science and cognitive psychology at Ningbo University, which is hosting the project, said the brain caps allow workers to be better managed. Qiao Zhian, professor of management psychology at Beijing Normal University, said the devices could give companies a competitive boost - but warned they could also violate privacy in the worst way. “There is no law or regulation to limit the use of this kind of equipment in China. The employer may have a strong incentive to use the technology for higher profit, and the employees are usually in too weak a position to say no,” he said. “The selling of Facebook data is bad enough. Brain surveillance can take privacy abuse to a whole new level.”

Note: While slightly less invasive than microchip implants, the use of devices like these by government and industry threatens to fully eliminate privacy.


Weedkiller found in granola and crackers, internal FDA emails show
2018-04-30, The Guardian (One of the UK's leading newspapers)
Posted: 2018-05-08 00:50:18
https://www.theguardian.com/us-news/2018/apr/30/fda-weedkiller-glyphosate-in-...

US government scientists have detected a weedkiller linked to cancer in an array of commonly consumed foods, emails obtained through a freedom of information request show. The Food and Drug Administration (FDA) has been testing food samples for residues of glyphosate, the active ingredient in ... widely used herbicide products, for two years, but has not yet released any official results. Documents obtained by the Guardian show the FDA has had trouble finding any food that does not carry traces of the pesticide. “I have brought wheat crackers, granola cereal and corn meal from home and there’s a fair amount in all of them,” FDA chemist Richard Thompson wrote to colleagues in an email last year regarding glyphosate. That internal FDA email ... is part of a string of FDA communications that detail agency efforts to ascertain how much of the popular weedkiller is showing up in American food. Glyphosate is best known as the main ingredient in Monsanto Co’s Roundup brand. More than 200m pounds are used annually by US farmers. Thompson’s detection of glyphosate ... will probably not be included in any official report. Separately, FDA chemist Narong Chamkasem found “over-the-tolerance” levels of glyphosate in corn, detected at 6.5 parts per million, an FDA email states. The legal limit is 5.0 ppm. An illegal level would normally be reported to the Environmental Protection Agency (EPA), but an FDA supervisor wrote to an EPA official that the corn was not considered an “official sample”.

Note: The negative health impacts of Monsanto's Roundup are well known. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.


Goldman Sachs asks in biotech research report: 'Is curing patients a sustainable business model?'
2018-04-11, CNBC News
Posted: 2018-04-29 20:23:41
https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable...

Goldman Sachs analysts attempted to address a touchy subject for biotech companies, especially those involved in the pioneering "gene therapy" treatment: cures could be bad for business in the long run. "Is curing patients a sustainable business model?" analysts ask in an April 10 report entitled "The Genome Revolution." "The potential to deliver 'one shot cures' is one of the most attractive aspects of gene therapy, genetically-engineered cell therapy and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies," analyst Salveen Richter wrote in the note to clients. "While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow." Richter cited Gilead Sciences' treatments for hepatitis C, which achieved cure rates of more than 90 percent. The company's U.S. sales for these hepatitis C treatments peaked at $12.5 billion in 2015, but have been falling ever since. "GILD is a case in point, where the success of its hepatitis C franchise has gradually exhausted the available pool of treatable patients," the analyst wrote. "In the case of infectious diseases such as hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients, thus the incident pool also declines. Where an incident pool remains stable (eg, in cancer) the potential for a cure poses less risk to the sustainability of a franchise."

Note: Many cancer treatments have been suppressed, sometimes in brutal ways, because the medical profession would lose the huge profits of traditional cancer treatments. Watch this video for undeniable evidence showing that this is the case. Read an excellent article on how the profiteering drug industry is crippling our children, possibly even intentionally. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.


Environment prize goes to Flint water activist
2018-04-23, BBC News
Posted: 2018-04-29 20:16:28
http://www.bbc.com/news/science-environment-43840275

The founder of a citizens' movement that helped expose the water crisis in Flint, Michigan, is one of the recipients of the prestigious Goldman Environmental Prize. Nearly 100,000 residents of Flint were left without safe tap water after lead began leaching into the supply. Mother of four LeeAnne Walters led a citizens' movement that tested the tap water to expose the health threat. In 2014, the water in Ms Walters' home turned brownish and she noticed rashes on her three-year-old twins. Her daughters' hair then fell out in clumps. Walters ... then teamed up with environmental engineer Dr Marc Edwards, from Virginia Tech, who helped her conduct extensive water testing in the city. She methodically sampled each zip code in Flint and set up a system to ensure the integrity of the tests. They showed lead levels as high as 13,200 parts per billion in some parts of the city - more than twice the level classified as hazardous waste by the US Environmental Protection Agency (EPA). The contamination was traced to the city switching its water supply away from Detroit's system, which draws from Lake Huron, and beginning instead to draw water from the Flint River. This switch was meant to save the city millions of dollars. But the water from the Flint River was more corrosive than Lake Huron's water and the pipes began leaching lead, which is a powerful neurotoxin. The city has since switched back to using Detroit's water system. But Flint continues to wrestle with the aftermath of the crisis.

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Big Money As Private Immigrant Jails Boom
2017-11-21, NPR
Posted: 2018-04-23 03:12:38
https://www.npr.org/2017/11/21/565318778/big-money-as-private-immigrant-jails...

In recent months, Immigration and Customs Enforcement has called for five new detention facilities to be built and operated by private prison corporations across the country. ICE spends more than $2 billion a year on immigrant detention through private jails like [the Joe Corley Detention Facility], owned by GEO Group, the nation's largest private prison company. ICE and the U.S. Marshals Service pay GEO $32 million a year to house, feed and provide medical care for a thousand detainees. Between 2013 and 2014, Douglas Menjivar was one of those ICE detainees. Menjivar says he was raped by gang members in his cell, and when he reported it to the medical staff they mocked him. His lawyer has filed a federal civil rights complaint. Menjivar also says he was forced to work for a dollar a day. The forced labor allegations are part of two class-action lawsuits in federal court. But these are just the latest grievances against the business of immigrant incarceration. Human rights groups ... claim corporations skimp on detainee care in order to maximize profits. In its latest budget request, ICE has asked for more than 51,000 detainee beds - a 25 percent increase over the last year. The two largest private corrections corporations, GEO Group and CoreCivic, each gave $250,000 to Trump's inaugural festivities. The Obama administration [phased] out contracts with private prisons that house immigrants. Since Trump took office, the Bureau of Prisons has restored those contracts.

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