The financial services behemoth Wells Fargo, which in 2020 was the fourth-largest U.S. bank in terms of total assets, has had its share of scandal, probably the best-known of which was in 2016, when it came to light that the bank’s employees had created up to 1.5 million bogus bank accounts. The firm currently holds...
Category: TRENDS EYE VIEW
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TOXIC BABY FOOD
Scandals involving baby food are, sadly, nothing new. In the ’70s, Nestlé was vilified for promotions targeted at the Third World which touted its baby formula as superior to breast milk. Because of the formula’s cost, many mothers over-diluted it with water, and Nestlé was blamed for the resulting widespread malnutrition, stunted growth and death....
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THINK COVID WILL KILL YOU? HOW ABOUT THIS?
Should you manage to avoid succumbing to COVID, there are still plenty of unseen killers out there, and one of them is microplastics. Those are tiny pieces of plastic, smaller than 5 mm and often quite a bit smaller (hence the name “micro”). Microplastics are ubiquitous, being used in a variety of industries. They are...
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BIDEN LETS CHINA SPY TECH EXEC OFF THE HOOK
A top level Chinese operative illegally funneling money to Iran via U.S. and Canadian financial institutions will be allowed to return to China. Meng Wanzhou, CFO at Huawei technology (which operates a “Huawei USA” subsidiary), had been charged in a Brooklyn Court in 2019 on 13 counts of wire and bank fraud, conspiracy, money laundering...
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BLINKEN: EVERY PROBLEM IS RESULT OF “CLIMATE CRISIS”
Did Secretary of State Anthony Blinken actually claim at a UN Meeting on 23 September that every problem currently besetting the world is a result of a climate change crisis? In so many words, yes. During comments at a UN Security Council Meeting on Climate and Security, Blinken tied a wide list of conflict spots...
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GEN Z USING LAWMAKERS AS STOCK ORACLES
Can’t beat the corruption? Trade on it. That’s the premise of House Stock Watcher and Senate Stock Watcher, two public databases created by Tim Carambat in 2020. And the social media platform Iris. And various Reddit forums and Tik-Tok communities. Carambat’s databases contain up-to-the-moment lawmaker financial transactions, compiled from required financial trading disclosures of members...
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AMERICA’S RICHEST 400 FAMILIES PAY A TINY PERCENT OF FEDERAL INCOME TAX COMPARED TO THE WORKING CLASS
The White House released a report on Wednesday showing that America’s 400 richest families pay an average 8.2 percent federal income tax rate from 2010 to 2018 compared to the average American who paid 13.3 percent, according to CNBC. The late-great comedian George Carlin noted, “It’s one big club and you ain’t in it.” The Trends Journal’s...
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WORLD’S LARGEST ADVERTISING GROUP A CRIME GROUP
WPP, the world’s largest advertising agency, agreed to pay more than $19 million to the U.S. Security and Exchange Commission over allegations that it paid bribes to government officials in India and took part in “illicit schemes” in China, Peru and Brazil. The Financial Times reported that the company is accused of illegally funding the...
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GENERAL MILLS SALES UP AND SO IS AMERICA’S WAISTLINE
General Mills, the maker of Lucky Charms, Cinnamon Toast Crunch, and Cocoa Puffs, reported better-than-expected earnings last week, which was seen as a hopeful sign for the packaged-food industry—and likely a devastating indicator for the country’s health. The company’s stock has been down about 1 percent this year, which pales in comparison to the S&P...
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OPERATION HARVEST MALWARE OUT TO STEAL AMERICAN IP AND MILITARY SECRETS, SAYS MCAFEE
Security Software company McAfee announced on 14 September findings that a “long-term” malware operation was likely out to steal Intellectual Property, military intelligence and more. In a deep dive analysis, the website posted its findings about Operation “Harvest.” Among the disturbing conclusions: “From what we observed, the adversary had a long-term intention to stay present...
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