Category: Ledger of Shame

NEW YORK, May 30 (Reuters) – Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. The New York-based 2nd U.S. Circuit Court of Appeals said that U.S. bankruptcy law allows legal protections for non-bankrupt parties, like the Sacklers, in extraordinary circumstances. In a majority opinion written by 2nd Circuit Judge Eunice…

We’ve written a lot about AB 2273, California’s Age Appropriate Design Code (AADC) that requires websites with users in California to try to determine the ages of all their visitors, write up dozens of reports on potential harms, and then seek to mitigate those harms. I’ve written about why it’s literally impossible to comply with the law. We’ve had posts on how it conflicts with privacy laws and how it’s a radical experimentation on children (ironically, the drafters of the…

We’ve written a few times about California’s “Journalism Protection Act” (CJPA) from state Rep. Buffy Wicks, and many times about the terrible concept of such link taxes. Unfortunately, it looks like California’s bill is moving forward, with buy-in from the big media orgs and their journalists that will get the free pay offs from such an unconstitutional link tax. In response, Meta has now announced (as it has done elsewhere) that if California passes the CJPA it will simply stop…

Director of National Intelligence Avril Haines was the big star of a gala awards ceremony hosted by the Atlantic Council that was touted as the “Washington Oscars.” The Atlantic Council is a neo-conservative think tank, which has three former CIA directors on its board and another as a lifetime director. Paul Craig Roberts, the Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan, called the Atlantic Council the “marketing arm of the military-security complex.” In 2015, it helped prepare a proposal to arm…

Governments around the world are cracking down on free speech. What they are demanding includes the ability to read private encrypted text messages and invade homes in search of wrongspeech. Their demands thus go far beyond what the Censorship Industrial Complex was able to get away with over the last six years. And things are getting worse. Last week, the European Union announced it would punish Twitter for withdrawing from its supposedly “voluntary” censorship laws. “Twitter leaves EU voluntary code…

Epstein’s calendars show the financier meeting with A-listers including tech billionaires Bill Gates and Peter Thiel, music executive Tommy Mottola, artist Jeff Koons, magician David Blaine, and filmmaker Woody Allen – all after being required to register as a sex offender as part of the sweetheart plea deal that allowed him to serve less than two years under house arrest.  Allen, whose ex-wife and her children have accused him of molesting one adopted daughter and who married his other adopted…

WASHINGTON — More than 1 million F-35 spare parts worth at least $85 million have gone missing over at least the last five years, according to a new Government Accountability Office report criticizing the program’s supply tracking. Auditors said that because the government doesn’t have its own system tracking those parts, officials may not truly know how many spare parts are actually in the global spares pool, where they are, or their total value. As a result, “the full quantity…

A former Federal Security Service officer said Putin could be overthrown by Wagner. The Wagner Army is Putin’s private military army, largely made up of mercenaries. The Army chief, Yevgeny Prigozhin, could pose an active threat to Putin, said the war analyst. Vladimir Putin could be ousted by Russia’s private military group, the Wagner army, according to Igor Girkin, a former Federal Security Service officer who once led a group of Russian militants in Donetsk. Girkin, who is also known…

CorruptionLedger commentary in red.   Twitter has pulled out of the European Union’s voluntary code to fight disinformation, the EU has said. Thierry Breton, who is the EU’s internal market commissioner, announced the news on Twitter – but warned the firm new laws would force compliance. “Obligations remain. You can run but you can’t hide,” he said. Twitter will be legally required to fight disinformation in the EU from 25 August, he said, adding: “Our teams will be ready for…

Covid showed us how corrupt the medical establishment has become not only in America but worldwide. Doctors know where their bread is buttered and rarely speak out of school or provide advice based on their own independent research. They will support almost any government health narrative if that’s what it takes to make sure the money continues to flow, even if it means violating their oath to “do no harm.” Next in line for top honors in terms of corruption,…

In March, Der Spiegel claimed a yacht called ‘Andromeda’ had allegedly been used by a team of divers to sabotage the Nord Stream pipelines. The publication cited the discovery of traces of explosives in the cabin of the vessel and fake identification documents that were used in the hiring of the boat.  The outlet’s most recent report indicates that metadata from an email sent to enquire about the renting of the yacht “leads to Ukraine.” The president of a presumed…

Jeffrey Epstein was many things: a sexual predator, a friend to the rich and powerful and, for many years, a lucrative customer of the nation’s largest bank. Now the bank, JPMorgan Chase, faces a reckoning for its nearly 15-year relationship with the disgraced financier, one that could cost it a big payout in two civil lawsuits that claim the bank ignored warnings that he was trafficking teenage girls for sex because it was profiting from its relationship with him. New…

ZURICH – Switzerland’s Federal Administrative Court has received 230 claims against the country’s financial regulator Finma after it wrote off the value of Credit Suisse’s AT1 bonds, the court said on Tuesday. The claims related to 2,500 individual parties, a court spokesman told Reuters. The court in the north-eastern Swiss city of St Gallen, declined to say whether the time limit for filing further claims had expired or the amount of compensation claimed. The bond holders have sued Finma after…

Wells Fargo has agreed to pay $1 billion to settle a pension fund-led lawsuit that accused the bank of defrauding shareholders by misleading them over the progress it was making to rectify a slew of scandals. The Public Employees’ Retirement System of Mississippi, the Louisiana Sheriffs’ Pension & Relief Fund and the state of Rhode Island were among the lead plaintiffs in the lawsuit, filed in June 2020 in U.S. District Court for the Southern District of New York. The…

Epstein’s old emails and calendar contain plenty of information to raise eyebrows about some of the most wealthy and well-known socialites. One of the biggest names in Epstein’s rolodex is the prolific philanthropist and megabillionaire Bill Gates. No longer just known for his computer programming savvy and lectures on greenhouse gases, Mr. Gates’ personal acquaintances are starting to peek through thanks to the investigative work of the Wall Street Journal. The Wall Street Journal reported that Jeffrey Epstein allegedly had…

HIROSHIMA, Japan — Ukrainian President Volodymyr Zelenskyy said Sunday that Russian forces weren’t occupying Bakhmut, casting doubt on Moscow’s insistence that the eastern Ukrainian city had fallen. Responding to a reporter’s question about the status of the city at the Group of Seven summit in Japan, Zelenskyy said: “Bakhmut is not occupied by the Russian Federation as of today.” “We are not throwing people (away) to die,” Zelenskyy said in Ukrainian through an interpreter. “People are the treasure. I clearly…