Who Owns the Internet?

On the night of November 7, 1876, Rutherford B. Hayes’s wife, Lucy, took to her bed with a headache. The returns from the Presidential election were trickling in, and the Hayeses, who had been spending the evening in their parlor, in Columbus, Ohio, were dismayed. Hayes himself remained up until midnight; then he, too, retired, [...]

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CFTC Fines Cargill $10 Million

The Commodity Futures Trading Commission (CFTC) has fined Cargill $10 million for providing mid-market marks that concealed from counterparties and its swap data repository (SDR) its full mark-up on certain swaps, in violation of the Commodity Exchange Act (CEA) and CFTC Regulations. The CFTC found that Cargill provided counterparties and the SDR inaccurate marks which [...]

Billionaire Carl Icahn Resigns as Trump Adviser After Reaping Millions

billionaire investor Carl Icahn left his role as regulatory adviser to Donald Trump just before The New Yorker published an article entitled, "Carl Icahn’s Failed Raid on Washington" The article detailed Carl Icahn’s potential conflict of interest, including his heavy lobbying for a rule change about blending ethanol into gasoline, a rule which affects the [...]

Telia to Pay $965 Million FCPA Prosecution Deferred in Uzbek Bribery Case

Stockholm-based Telia Company AB and its Uzbek subsidiary, Coscom LLC, entered into a global foreign bribery resolution and will pay a combined total penalty of more than $965 million to resolve charges arising out of a scheme to pay bribes in Uzbekistan. Coscom pled guilty and was sentenced on a one-count criminal information charging the [...]

Transgenic corruption

The agency that approves GM crops in Argentina is stuffed with employees of GMO-producing agroindustrial companies and scientists with conflicts of interest. GM crops in Argentina are approved by people from the same companies that produce and market them, a new investigation by the journalist Dario Aranda reveals. The agency in which these people are [...]

Microsoft breaches Dutch data protection law with Windows 10

Microsoft breaches the Dutch data protection law by processing personal data of people that use the Windows 10 operating system on their computers. This is the conclusion of the Dutch Data Protection Authority (DPA) after its investigation of Windows 10 Home and Pro. Microsoft does not clearly inform users about the type of data it [...]

73% of Fortune 500 Companies Used Offshore Tax Havens in 2016

A new study reveals the extent to which companies are using tax havens to avoid U.S. taxes and undermines the case for any tax proposal that would allow companies to repatriate their U.S. profits at a special low tax rate. In 2016, nearly three in four Fortune 500 companies maintained subsidiaries in offshore tax havens, [...]

Indian official reportedly dismisses fraud allegations against Adani Group

An Indian customs official has reportedly dismissed allegations that the Adani Group illegally siphoned nearly 15bn rupees (£176m) into overseas tax havens. It is the third set of siphoning allegations against the Adani Group and key figures in the Adani family to be dismissed by the official, KVS Singh, in recent months. The Indian mining [...]

Communities lose their land and water sources due to OLAM’s agribusiness in Gabon

“In these supposedly win-win contracts, I would like to know what our communities are gaining. On the contrary, we are losing and even dying a slow death.” With this cry of despair, Célestine Ndong (1) describes the bitter situation in Mouilla, Gabon, where the GRAINE [“seed” in French] program has been underway for several years. [...]

How Peter Thiel’s Palantir Helped the NSA Spy on the Whole World

Donald Trump has inherited the most powerful machine for spying ever devised. How this petty, vengeful man might wield and expand the sprawling American spy apparatus, already vulnerable to abuse, is disturbing enough on its own. But the outlook is even worse considering Trump’s vast preference for private sector expertise and new strategic friendship with [...]