News StoriesExcerpts of Key News Stories in Major Media
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.
Prices for a cancer drug called lomustine have skyrocketed nearly 1,400 percent since 2013, putting a potentially life-saving treatment out of reach for patients suffering from brain tumors and Hodgkin's lymphoma. Though the 40-year-old medication is no longer protected by patents, no generic version is available. According to the Wall Street Journal, lomustine was sold by Bristol-Myers Squib for years under the brand name CeeNU at a price of about $50 a capsule for the highest dose. The drugmaker sold lomustine in 2013 to a little-known Miami startup called NextSource, which proceeded to hike lomustine's price nine times since. It now charges about $768 per pill for the medication. According to an analysis done for the Journal ... NextSource this year raised prices for the drug, which it rebranded as Gleostine, by 12 percent in November following a 20 percent increase in August. Soaring prices for cancer drugs are a concern for both patients and doctors because financial pressures can lead to delays in seeking treatment that can easily surpass six figures per year. A study published earlier this year in the Journal of Clinical Oncology found prices for 24 patented injectible Medicare Part B drugs rose an average of 18 percent annually over the past eight years on an inflation-adjusted basis. Prices continued to rise even when generic versions of the drug became available.
Note: For more along these lines, see concise summaries of deeply revealing Big Pharma profiteering news articles from reliable major media sources.
Half-a-dozen 2017 releases of long-secret documents about the assassination of President John F. Kennedy have given plenty of new leads to those who don’t believe alleged gunman Lee Harvey Oswald acted alone. The 34,963 documents ... have fed the fire tended by researchers and others who believe there is much more to the story how a U.S. president was assassinated in Dallas 54 years ago. One particular document from the August release has created much buzz. It that shows that Earle Cabell, mayor of Dallas at the time of the Nov. 22, 1963, shooting, became a CIA asset in late 1956. Another revelatory JFK document released in full on Dec. 15 was the transcript of a 1978 interview by the House Select Committee on Assassinations with Orest Pena. According to Pena, a bar owner in New Orleans, Lee Harvey Oswald was a U.S. government agent or informant. How did he know? Because Pena himself was an informant. He had given details to the Warren Commission in July 1964 but, as the new document shows, later revealed much more detail about Warren de Brueys, an FBI agent in New Orleans to whom Pena said he reported. Oswald, he claimed, frequented a breakfast place regularly not only with de Brueys but with agents from U.S. Customs and Immigration. Pena believed Oswald had an office in the same government complex. Pena also testified to the House panel that de Brueys had threatened him if he shared with investigators details of their meetings and training of anti-Castro instigators.
Note: Watch an excellent five-minute segment of the History Channel's "Men Who Killed Kennedy," For more along these lines, see our excellent resource center filled with reliable information questions what really happened in the JFK assassination.
The Federal Reserve’s little-known role housing the assets of other central banks comes with a unique benefit to the United States: It serves as a source of foreign intelligence for Washington. Senior officials from the U.S. Treasury and other government departments have turned to these otherwise confidential accounts several times a year to analyze the asset holdings of the central banks of Russia, China, Iraq, Turkey, Yemen, Libya and others, according to more than a dozen current and former senior Fed and Treasury officials. The U.S. central bank keeps a tight lid on information contained in these accounts. But according to the officials interviewed by Reuters, U.S. authorities regularly use a “need to know” confidentiality exception in the Fed’s service contracts with foreign central banks. Some 250 foreign central banks and governments keep $3.3 trillion of their assets at the Federal Reserve Bank of New York, about half of the world’s official dollar reserves, using a service advertised in a 2015 slide presentation as “safe and confidential.” Other major central banks and some commercial banks offer similar services. But only the Fed offers direct access to U.S. debt markets and to the world’s reserve currency, the dollar. In all, the people interviewed by Reuters identified seven instances in the last 15 years in which the accounts gave U.S. authorities insights into the actions of foreign counterparts or market movements, at times leading to a specific U.S. response.
Note: It's quite telling that no other major media picked up this important piece. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption and the disappearance of privacy.
The world’s richest individuals increased their wealth by a weighty $1 trillion, or about Ł750bn, in 2017. Most of us here in the UK battled stagnant wages [and] rising shop prices. In fact, the figures are quite startling. Bloomberg’s Billionaire Index, which measures the wealth of the world’s top 500 people, shows that the richest of the rich controlled a total of $5.3 trillion in 2017, up from an already staggering $4.4 trillion at the same point in 2016. For context, the United States of America - the world’s largest economy - has a gross domestic product of somewhere around $19 trillion. So all in all, not a bad year to be a billionaire. But what does it mean for the rest of us? Back in 2016 ... a group of academics from such esteemed institutions as the University of Oxford, London School of Economics and Cornell University found that as the rich get richer the rest of us get grumpier. The findings were quite clear: in societies where the richest control the majority of the country’s income, the population as a whole is more likely to report feeling “stressed”, “worried” or “angry”. As the rich get richer, they are responsible for pricing certain goods and services out of the reach of the rest of the population – think top schools, the best hospitals and property in particularly desirable locations. And then there’s also a crucial psychological factor that may play a part: seeing the most prosperous becoming even more affluent might make you feel like your chances of moving up the ladder are fluttering away.
Note: For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.
There’s no more ubiquitous feature of modern life than smartphones. Convenience, necessity and plain fun make the devices a near requirement, but it all comes with a ... doubt: Is there a health risk to a device that’s become almost a human appendage? The California Department of Public Health [has published] guidelines that come close to suggesting that there’s uncertain harm. As people use the devices, more often and at an earlier age, health risks could eventually show up. A Kaiser Permanente study ... found a higher rate of miscarriage for those exposed to radiation emitted by cell phones, power lines and wireless networks. Health dangers indicated in other studies include brain tumors, lower sperm count and impacts on memory, learning and sleep. State health officials are flashing a yellow light. If people want to take steps to minimize risk, the agency has suggestions. On the list is parking a smartphone away from the bedside table at night, storing the device in a purse or backpack instead of a pocket during the day, and generally keeping the phone at a distance from the body. Ease back on phone use when the signal is weak. Such advice sounds easy to accept. But coming from a major state agency, the idea of preventive steps to decrease exposure is sending a message. There are hundreds of millions of phones in this country, and California’s top health experts aren’t convinced there’s no human risk.
Note: For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.
In her new "spiritual memoir" titled Finding Magic, veteran journalist Sally Quinn ... the widow of legendary Washington Post editor Ben Bradlee ... describes her lifelong belief in the occult and worries that hexes she once put on three people may have worked. "My family were Scots," [said Quinn]. "They all believed in Scottish myths and mysticism and the stones and psychic behavior and ghosts and astrology and palmistry and all that. And then of course we all went to church. So I had this kind of two-pronged religious upbringing. I would say my prayers to God and Jesus every night ... but I also believed in all this other stuff. When I was in my late 20s and early 30s, there were three people who hurt me in some way, or (hurt) somebody I loved, and so I decided to put a hex on them. I had never done it before. What I wanted to have happen was for them to feel what I had felt. I didn’t mean for them to die." One person died right away, another person got fired immediately and then died, and then the other one died. I’ve never done it again. And believe me, since (Donald) Trump was elected, and since the election, I can’t tell you how many friends have asked me to put a hex on Donald Trump, and I won’t do it. I just said no. I don’t do that anymore." The environment right now is more toxic and more poisonous than I’ve ever seen....(But I have) still been able to pull away and still find a sense of faith and joy and magic in the world."
Note: For more along these lines, see concise summaries of deeply revealing news articles on the nature of reality from reliable major media sources.
A South Florida law professor, running to unseat Congresswoman Debbie Wasserman Schultz, is calling for a federal investigation into the destruction of all ballots cast in the August 2016 Democratic primary in Broward County. The challenger, Tim Canova, has made repeated public-records requests and filed a lawsuit seeking access to paper ballots cast in his unsuccessful race last year against the former Democratic National Committee chair in Florida’s 23rd congressional district. A statistical analysis of the primary conducted last year suggested the election results were “potentially implausible.” the Broward supervisor of elections, Brenda Snipes, has taken no action on requests ... to examine the ballots. Instead, Dr. Snipes has urged a judge to throw Canova’s lawsuit out. Despite the pending records requests and the ongoing litigation, Snipes ordered the ballots and other election documents destroyed. The lack of a paper trail verifying voter choices undercuts the ability to identify systemic election fraud and might make such fraud impossible to detect. The Aug. 30 Democratic primary in Broward was being closely watched across the country. A month earlier ... Wasserman Schultz was ousted as chairwoman of the DNC. She was removed over allegations that she and other party officials had rigged the Democratic presidential primary process to favor Hillary Clinton over Bernie Sanders. The pro-Clinton fix was first divulged in DNC emails ... released to the public in the months leading up to the election.
Note: For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.
Lorry driver Abu Fawzi thought it was going to be just another job. He drives an 18-wheeler ... in northern Syria. But this time, his load was to be human cargo. The Syrian Democratic Forces (SDF), an alliance of Kurdish and Arab fighters opposed to IS, wanted him to lead a convoy that would take hundreds of families displaced by fighting ... to a camp further north. [He was told] the job would take six hours. He and his fellow drivers ... had been lied to. Instead, it would take three days of hard driving, carrying a deadly cargo - hundreds of IS fighters, their families and tonnes of weapons and ammunition. The deal to let IS fighters escape from Raqqa ... would spare lives and bring fighting to an end. But it also enabled many hundreds of IS fighters to escape from the city. At the time, neither the US and British-led coalition, nor the SDF, which it backs, wanted to admit their part. Has the pact, which stood as Raqqa’s dirty secret, unleashed a threat to the outside world - one that has enabled militants to spread far and wide across Syria and beyond? Great pains were taken to hide it from the world. Publicly, the SDF said that only a few dozen fighters had been able to leave, all of them locals. But one lorry driver tells us that isn't true. "We took out around 4,000 people including women and children," [the lorry driver said]. The convoy was six to seven kilometres long. In light of the BBC investigation, the coalition now admits the part it played in the deal. Some 250 IS fighters were allowed to leave Raqqa, with 3,500 of their family members.
Note: The rise of Islamic State militants was a predicted outcome of a CIA and MI6 program to transfer weapons from Libyan stockpiles to Syrian rebels in 2012. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
Most pharmaceutical companies have sworn off ghostwriting, the practice of writing "research" papers for doctors and then paying them to add their names as authors even when they had little involvement or the results were trivial. Merck (MRK), Forest Labs (FRX), and GlaxoSmithKline (GSK) have all been caught doing it. But what happens to the articles that have been disavowed by companies or discredited by lawyers? Not much, it turns out. They sit inside prestigious online archives of academic material, unretracted, where they look just like real studies with robust results. Ghostwriting doesn't look good in lawsuits, either. Pfizer (PFE) must now pay $9.5 million to a woman who claimed menopause drug Prempro gave her breast cancer; Wyeth - the company that made the drug and was later acquired by Pfizer - commissioned ghostwritten articles about the drug. So it's interesting to note that many of those pay-for-play articles are still sitting in scholarly archives such as PubMed, notching up bibliography references and footnotes, even though they shouldn't be. You can search for more ghostwritten papers here.
Note: Big Pharma giant Merck created a fake medical journal and created a list of doctors to discredit in order to popularize a dangerous drug that may have killed as many as 500,000 people before it was finally recalled. For more along these lines, see concise summaries of deeply revealing pharmaceutical corruption news articles from reliable major media sources.
Under a secret Bush administration program initiated weeks after the Sept. 11 attacks, counterterrorism officials have gained access to financial records from a vast international database and examined banking transactions involving thousands of Americans and others in the United States. The program, run out of the Central Intelligence Agency and overseen by the Treasury Department ... is a significant departure from typical practice in how the government acquires Americans' financial records. Treasury officials did not seek individual court-approved warrants or subpoenas to examine specific transactions, instead relying on broad administrative subpoenas for millions of records. That access to large amounts of confidential data was highly unusual, several officials said, and stirred concerns inside the administration about legal and privacy issues. "The capability here is awesome or, depending on where you're sitting, troubling," said one former senior counterterrorism official who considers the program valuable. While tight controls are in place, the official added, "the potential for abuse is enormous." The program is separate from the National Security Agency's efforts to eavesdrop without warrants and collect domestic phone records, operations that have provoked fierce public debate and spurred lawsuits against the government and telecommunications companies.
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy.
British designers are using the power of gravity to generate electricity, bringing safe and affordable light to people living off-grid. The kerosene that fuels most off-grid lamps is very expensive. Kerosene is also dirty and dangerous. In 2009 ... designers Martin Riddiford and Jim Reeves were challenged to create a safe, affordable, and sustainable lamps for low-income families living off-grid. Looking beyond solar and battery power, they had a lightbulb moment about gravity. Lifting a weight creates a potential energy store which is turned into kinetic energy as the weight descends. Through the GravityLight’s innovative gear train, this kinetic energy spins a generator that produces enough electrical energy to power an LED bulb. When the light goes out, the weight is simply hoisted back up to begin again. GravityLight has been piloted in Kenya where kerosene lamps are used extensively, especially in rural areas. A 50-night roadshow, supported by International celebrities, saw GravityLight engage with communities and organizations across the country. The results were impressive, with 90% of people saying they were happy to switch from kerosene. Little wonder, as the benefits quickly stack up. The GravityLight pays for itself in just seven weeks, and delivers an immediate improvement in the air quality of the home. It is clean, robust, renewable, reliable, and safe—as well as being better for the environment, giving off no CO2 or black carbon emissions.
Note: Watch a great two-minute video on this ingenious invention.
Germany has spent $200 billion over the past two decades to promote cleaner sources of electricity. That enormous investment is now having an unexpected impact - consumers are now actually paid to use power on occasion, as was the case over the weekend. Power prices plunged below zero for much of Sunday and the early hours of Christmas Day on ... a large European power trading exchange, the result of low demand, unseasonably warm weather and strong breezes that provided an abundance of wind power on the grid. Such “negative prices” are not the norm in Germany, but they are far from rare, thanks to the country’s effort to encourage investment in greener forms of power generation. Prices for electricity in Germany have dipped below zero ... more than 100 times this year alone. Several countries in Europe have experienced negative power prices, including Belgium, Britain, France, the Netherlands and Switzerland. But Germany’s forays into negative pricing are the most frequent. At times, Germany is able to export its surplus electricity to its neighbors, helping to balance the market. Still, its experiences of negative prices are often longer, and deeper, than they are in other countries. In one recent example, power prices spent 31 hours below zero during the last weekend of October. At one point, they dipped as low as minus €83, or minus $98, per megawatt-hour, a wholesale measure. Anyone who was able to hook up for a large blast of electricity at that time was paid €83 per unit for the trouble.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
When Beatrice Fihn received a call on Oct. 6 informing the 35-year-old Swede that her group, the International Campaign to Abolish Nuclear Weapons (ICAN), had been awarded the Nobel Peace Prize, she suspected a possible prank. Not that you should blame her - ICAN is just 10 years old, and the group’s aims can seem positively fanciful: the complete elimination of the world’s roughly 15,000 nuclear warheads. But that call from the Norwegian Nobel Committee was real, and so is Fihn’s goal. ICAN, a global coalition of 440 partner organizations in 98 countries, was honored for its efforts to advance the Treaty on the Prohibition of Nuclear Weapons, which was successfully finalized by two-thirds of the United Nations’ 192 members this summer. The treaty—which would outlaw nuclear weapons’ use, production and possession—is now open for ratification, and will become international law after 50 countries sign on. Those countries almost certainly won’t include the members of the nuclear club: The U.S., Russia, China, Great Britain, France, Pakistan, India and North Korea. Fihn is realistic that nuclear weapons won’t be abolished overnight. But just as earlier treaties banning biological weapons and land mines eventually led to such munitions being phased out, she believes a nuclear arms ban could help turn the public against these truly horrific weapons of mass destruction.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
No food fit for human consumption will be wasted by Tesco's UK stores by the end of February, the retail giant says. Chief executive Dave Lewis told the Daily Telegraph food waste had been "talked about for years" as he unveiled the plans for all 2,654 stores. Urging other chains to follow suit, he said edible food should be used for people, not go to waste. Tesco, with all major UK supermarkets, has signed a commitment to cut food waste by one-fifth within a decade. The voluntary agreement is known as the Courtauld Commitment 2025. Mr Lewis ... said the contrast between the amount of wasted food in the UK and the situation in countries suffering food shortages was "really stark". He said: "Last year we sold 10 million tons [10.2 million tonnes] of food to the British public. But even if our waste is just 0.7% of the food, that's still 70,000 tons [71,100 tonnes] of food. Tesco says it cuts waste by selling surplus groceries with "reduced to clear" stickers and [by using] an app, FoodCloud, to scan and upload surplus food that stores have at the end of the day, which is shared with registered charities that collect the food. "That goes a long way in reducing charities' bill burdens, so they can spend the money on ... providing much more needed services," Mr Lewis said. "Food waste has been talked about for years but if Tesco can make this work, with all of our different stores across the country, then why can't everybody," he added.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
The existence of UFOs had been proved beyond reasonable doubt, according the head of the secret Pentagon program that analyzed the mysterious aircrafts. Luis Elizondo [said] of the sightings, In my opinion, if this was a court of law, we have reached the point of beyond reasonable doubt. I think its pretty clear this is not us, and its not anyone else, so no one has to ask questions where theyre from. Elizondo led the U.S. Defense Departments Advanced Aerospace Threat Identification Program, investigating evidence of UFOs and alien life, from 2007 to 2012, when it was shuttered. Its existence was first reported by The New York Times last week. Elizondo [said] that there had been lots of UFO sightings and witnesses interviewed during the programs five years. Investigators pinpointed geographical hot spots that were sometimes near nuclear facilities and power plants. They also observed trends among the aircrafts, including lack of flight surfaces on the objects and extreme maneuverability. There was never any display of hostility, but ... they maneuvered in ways no one else in the world had, he said. Despite Pentagon funding running out in 2012, Elizondo oversaw UFO work for another five years before resigning in October 2017 out of frustration with the secrecy of the investigations. He had pushed for videos of the possible alien sightings to be made public so people could see the footage. In his resignation letter to Defense Secretary Jim Mattis, Elizondo asked, Why arent we spending more time and effort on this issue?
Note: Elizondo is one of several former government officials now employed by To the Stars Academy for Arts and Sciences, which claims it will "advance research into unexplained phenomena and develop related technology." This may be part of a planned roll out so that the public becomes more comfortable with the existence of UFOs. Many dozens of top officials have spoken openly of their personal involvement in the UFO cover-up, yet the media has failed to make this headlines until now. For more, explore the excellent, reliable resources in our UFO Information Center.
The Pentagon has reportedly recovered metal alloys from unidentified flying objects that scientists "do not recognise”. Materials, which are alleged to have “amazing properties”, are being stored in modified buildings in Las Vegas, the New York Times reports. The US Department of Defence (DoD) has admitted to a secret $22m (Ł15m) programme, which ran between 2007 and 2012, that was tasked with investigating reports of UFOs. “They have some material from these objects that is being studied, so that scientists can try to figure out what accounts for their amazing properties,” [said] Ralf Blumenthal, one of the authors of the New York Times report. Researchers also studied people who claimed they had experienced physical effects from encounters with unidentified aerial phenomena. A previously classified video released by the DoD shows Navy pilots reacting with astonishment after being sent to investigate a mysterious flying object as it hovered off the coast of San Diego. The recently released footage shows a 2004 encounter between an apparent object, roughly the size of a commercial plane, and two Navy F/A-18 Super Hornets. Commander David Fravor and Lieutenant Commander Jim Slaight were on a routine training mission 100 miles out into the Pacific when they were asked to investigate the object. Commander Fravor [said] the object was about 40ft long, had no plumes, wings or rotors, and outpaced their F-18s. It was big enough to churn the sea 50ft below it, he said.
Note: Something smells fishy about all of this. Serious UFO researchers have known for decades about these alien materials, yet the media had failed to cover this. Read this provocative essay which suggests the current sensational coverage may be a way to eventually spread more fear about viruses from space to bring mega-profits to the peddlers of vaccines. For more along these lines, see concise summaries of deeply revealing UFO news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our UFO Information Center.
Baby Boomers are sucking the blood of the young. They are ... after the plasma. In Monterey, California, a new startup has emerged, offering transfusions of human plasma: 1.5 litres a time, pumped in across two days, harvested uniquely from young adults. Ambrosia, the vampiric startup concerned, is run by a 32-year-old doctor called Jesse Karmazin, who bills $8,000 (6,200) a pop for participation in what he has dubbed a study. So far, he has 600 clients, with a median age of 60. The blood is collected from local blood banks, then separated and combined it takes multiple donors to make one package. The idea has become faddish in tech circles. Mike Judges Silicon Valley sitcom recently parodied the notion, with arch-tech guru Gavin Belson relying on a blood boy following him around to donate pints of sticky red at inopportune moments. That fictionalised account may well be based on the real-life adventures of Peter Thiel, the PayPal founder. A 2014 Harvard report ... seems to have kickstarted the present revival of interest in transfusions. There, scientists injecting old mice with the plasma of a younger generation found it improved their memory and their ability to learn. Conversely, injecting old blood into young seemed to knobble the young rodents. The scientific community has rolled its eyes at the trial element of Ambrosia. There is no control group and, with participation costing so much, no one involved is very randomised.
Note: Read more about Silicon Valley billionaire Peter Thiel's investment in this questionable technology. One university researcher has found that many in the European royalty until the end of the 18th century practiced selective cannibalism in the belief if would keep them young. Another article goes into greater depth about the practice some elder members of the wealthy elite taking blood infusions from young people to stay young.
Concert goers were told “You’re all going to f***ing die” less than an hour before the Las Vegas shooting started, it has been claimed. A woman in the crowd is said to have yelled the warning about 45 minutes before the Route 91 Harvest festival became the venue for the worst mass shooting in US history. After her outburst, it was claimed, the woman and her male companion were made to leave the venue by security. Less than an hour later, an attack began that left at least 50 people dead. Witness Brianna Hendricks... said: “It seemed she was telling us to either warn us, or she was part of it and she was telling us because she knew we were going to die. It was so scary. “It felt like she had knowledge of what was about to happen.” Ms Hendricks returned to the Mandalay hotel about 15 minutes before the shooting, and witnessed the subsequent carnage from her hotel room. She described the woman who gave the warning as “Hispanic, probably about 5ft 5, [with] brown hair”, and said the woman’s boyfriend was also Hispanic. The authorities have yet to comment on whether the woman’s warning was just a bizarre coincidence, or whether it actually did have something to do with the mass shooting.
Note: Public statements by police regarding this event have been wildly inconsistent. Explore powerful evidence that Paddock (and other mass shooters) may have been a Manchurian Candidate programmed to do his deed.
The United States imposed sanctions on 52 people and entities Thursday for alleged human rights violations and corruption, a list that included Maung Maung Soe, a top Burmese general cited for an ongoing deadly crackdown on the Rohingya, a Muslim ethnic group. Maj. Gen. Maung Maung Soe was the chief of the Burmese Army’s Western Command during a crackdown that survivors say involved government soldiers stabbing babies, cutting off the heads of boys, gang-raping girls and burning entire families to death. Maj. Gen. Maung Maung Soe is the first high-level Burmese military official to be named in sanctions. “Today, the United States is taking a strong stand against human rights abuse and corruption globally by shutting these bad actors out of the U.S. financial system,” said Steven Mnuchin, the Treasury secretary. Among others penalized on Thursday was Yahya Jammeh, former president of Gambia. Mr. Jammeh created a terror and assassination squad ... that he used to intimidate, interrogate and kill people who threatened him. Benjamin Bol Mel of South Sudan, Dan Gertler, who did business in the Democratic Republic of Congo, and Mukhtar Hamid Shah of Pakistan were also on the list. The sanctions freeze any assets the individuals or entities hold in the United States and also prevent them from using any American financial institution.
Note: Importantly, billionaire Israeli mine kingpin Dan Gertler is on this list. This revealing article on Gertler in the UK's Guardian shows corruption and abuse leading to very high places. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.
The US government has imposed sanctions on the Israeli billionaire Dan Gertler, whose African business dealings were exposed in the Paradise Papers, over “hundreds of millions of dollars’ worth of opaque and corrupt mining and oil deals” in the Democratic Republic of the Congo. In a strongly worded statement, the US president ... placed sanctions on 13 people and companies associated with them, declaring a state of “national emergency with respect to serious human rights abuse and corruption around the world”. In November, the Paradise Papers investigation unveiled new details of Gertler’s mining deals in strife-torn but resource-rich DRC, in particular over a $45m loan in shares to one of his companies from the world’s biggest miner, Glencore. In imposing sanctions on Gertler, the US Office of Foreign Assets Control (OFAC) said the Israeli billionaire’s corrupt dealings had deprived the state coffers of DRC of ... more than $1.36bn in revenues from the underpricing of mining assets that were sold to offshore companies linked to Gertler. Gertler’s involvement in the DRC spans nearly two decades. He was cited by a 2001 UN investigation that said he had given the DRC’s then-president $20m to buy weapons to equip his army against rebel groups in exchange for a monopoly on the country’s diamonds, and a 2013 Africa Progress Panel report said a string of mining deals struck by companies linked to him had deprived the country of more than $1.3bn in potential revenue.
Note: Gertler had close ties with Mark Rich, who was once on the FBI's 10 most wanted list only to later be pardoned by Bill Clinton. This revealing article on Gertler in the UK's Guardian shows corruption and abuse leading to very high places. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.
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.