In a Lawsuit Filed by Workers
4: Yaguarete Pora S.A. Yaguarete Pora S.A. bulldozed the forest to create more grazing land for its beef cattle. Such was the case with Brazilian beef company Yaguarete Pora S.A. They’re not in contact with the authorities and therefore can’t tell anybody what’s going on, so bulldozing the protected land of a remote Amazon tribe might seem like something a corporation can get away with. In 2009, they were found to have bulldozed thousands of hectares of protected Amazon forest land in Paraguay that belongs to the Ayoreo-Totobiegosode people.
In 2007, the big investment to bet on were mortgage-backed securities; since they’d shown nothing but high rates of return, investors were willing to bet on their success. So investment banking house Goldman Sachs created Abacus 2007-ACI, a fund of mortgages it sold to investors. The favored investor, John Paulson, was allowed to compile the mortgage-backed securities (meaning subprime) that he thought would lose so he could bet against them. What Goldman didn’t tell Abacus fund investors was that the mortgages they were betting would succeed had been handpicked by a favorite Goldman investor to actually lose. Paulson won the bet, making $1 billon from the fund.
In total, another 25,000 residents have succumbed from the effects of the gas leak. Although investigations into the disaster squarely implicate Union Carbide as negligent in preventing the leak, the company settled with the Indian government for $475 million, while the original suit sought $3 billion. In 2001, Dow Chemical bought Union Carbide, but maintained the latter company’s refusal to clean up the site. After the disaster, the company simply closed the plant and left it abandoned, where it continues to pollute the surrounding area and endanger the health of residents. Massive birth defects, chronic illness and disabilities have all been linked to contamination from the plant.
In 1954, Arbenz resigned and was replaced by Castillo Armas, who outlawed political parties and shut down opposition media outlets. One notable example is WellPoint, one of the nation’s biggest insurers, which turned out to have created an algorithm that flagged the accounts of women who were diagnosed with breast cancer. 2010 shed a spotlight on health insurance companies, and not all of them stood up to the public scrutiny. Called recission, or the policy of finding ways to cancel contracts, this common cost-saving measure had never before been so egregiously abused by an insurance (funny post) company. In 1960, a 36-year-long civil war began in Guatemala. The debate over U.S.
The company received billions from government contracts for services it provided to the military in Iraq. Iraq. In some cases, the food was spoiled enough that it would be refused at camp. Halliburton employees revealed the company’s policy of delivering spoiled and out-of-date food to U.S. Accusations of perhaps the most cynical malfeasance came from the same study. Yet, news has emerged time and again the Halliburton overcharged the government for these services.
