Native American reservations cover just 2 percent of the United States, but they may contain about a fifth of the nation’s oil and gas, along with vast coal reserves.

The list is long and shameful. The Wachovia Bank helped launder hundreds of millions for Mexican drug cartels. Wells Fargo illegally created nearly two million fake accounts and then charged customers service fees for them. Barclay’s Bank executives manipulated and fixed international interest rates for its own profits. The U.S. operations of Deutsche Bank created over one billion dollars in fake mortgages.

With President-elect Trump’s victory last night, the last hopes of the Obama administration passing the Trans-Pacific Partnership (TPP) during the lame duck session of Congress have evaporated.... We’re calling it: today is the day the TPP died. Nevertheless, the battle against the deal is not over...

PepsiCo Inc has been accused in a lawsuit of misleading shoppers into believing its Naked juices and smoothies primarily contain "high-value" ingredients such as kale, when the main ingredient is often cheaper, less nutritious apple juice. According to a complaint filed on Tuesday in the Brooklyn, New York federal court, PepsiCo emblazons healthy fruits and vegetables on Naked labels, and touts how the drinks have "no sugar added," when they actually contain roughly as much sugar as a can of Pepsi.

Imagine a world in which all of the main functions of society are run for-profit by private companies. Schools are run by multinationals. Private security firms have replaced police forces. And most big infrastructure lies in the hands of a tiny plutocratic elite. Justice, such as it is, is meted out by shady corporate tribunals only accessible to the rich, who can easily escape the reach of limited national judicial systems. The poor, on the other hand, have almost no recourse against the mighty will of the remote corporate elite as they are chased off their land and forced into further penury.

Botanists define a rheophyte as an aquatic plant that thrives in swift-moving water. Coming from the Greek word rhéos, meaning a flow or stream, the term describes plants with wide roots and flexible stalks, well adapted to strong currents rather than a pond’s or pasture’s stillness. For most of the 20th century, U.S. lawmakers worked to maintain just these sorts of conditions for the U.S. economy—a dynamic system, briskly flowing, that forced firms to adapt to the unpredictable currents of the free market or be washed away.

The amount of overseas cash is the highest in history, and it is unlikely to come back.

Vital fish stocks destined for human mouths in West Africa are being pillaged by foreign meat companies to feed pig, chicken and salmon farms on the other side of the world, an investigation for The Independent has found. Soaring global demand for meat is forcing producers to scour new frontiers in the search to produce animal feed ingredients for their factory farms, with omega 3-rich fish, such as sardines from Senegalese waters, increasingly on their target list.

Eduardo Cunha faces possible arrest after losing his congressional immunity for lying about secret Swiss bank accounts.

Mylan says middlemen and suppliers have forced them to jack-up the prices on EpiPens by hundreds of dollars, but two industry insiders say the company pays no more than $30 per device. Meanwhile, some patients are forced to pay a little over $600 out of pocket for a two-pack of the lifesaving medication. Mylan sparked outrage last month when it was revealed the company had hiked up costs for the drug by over 400 percent since it acquired the brand. At the same time, CEO Heather Bresch's salary soared over 600 percent to nearly $19 million in 2015.

The Federal Communications Commission has lost in an attempt to preempt state laws that restrict the growth of municipal broadband networks. The FCC in February 2015 voted to block laws in North Carolina and Tennessee that prevent municipal broadband providers from expanding outside their territories. The FCC, led by Chairman Tom Wheeler, claimed it could preempt the laws because Congress authorizes the commission to promote telecom competition by removing barriers to investment.

US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a "global financial disaster", a report says. A US Congressional report revealed UK officials, including Chancellor George Osborne, added to pressure by warning the US it could lead to market turmoil. The report alleges the UK "hampered" the probe and "influenced" the outcome. HSBC was accused of letting drug cartels use US banks to launder funds. The bank, which has its headquarters in London, paid...

Charter and its new subsidiary Time Warner Cable (TWC) have been overcharging customers at least $7.2 million per year for equipment and service, a US Senate investigation has found. Time Warner Cable over-billed customers nationwide an estimated $639,948 between January and April of this year, which projects to a yearly total of $1,919,844. Charter, meanwhile, "informed the [Senate's investigative] Subcommittee that it over-billed customers by at least $442,691 per month," the report said.

Last December, it looked like federal lawmakers were getting serious about so-called “non-disparagement” or “gag” clauses in consumer contracts that forbid customers from saying anything negative about a purchase or transaction. The U.S. Senate quickly passed a bipartisan bill that would outlaw the practice, but the legislation has idled in the House since. However, a new, virtually identical bill may finally be evidence of movement on this issue.

Ed Miliband has said the revelations in the leaked Panama Papers provide evidence that wealth does not trickle down in society – rather, it gets “stashed”. Speaking two weeks after the huge cache of documents were revealed, detailing the tax affairs of thousands of wealthy individuals worldwide, the former Labour leader said the leak proved the common assumption about capitalism to be false. 

Wouldn’t it be nice if lobbying were illegal? It’s a tempting thought. But it seems impossible. Lobbying is a multi-billion dollar industry and an accepted—if hated—part of American politics. American courts have ruled that lobbying is constitutionally protected free speech, and lawyers and laymen alike generally accept this. The same is true of more indirect lobbying, like the Citizens United Supreme Court ruling that allows businesses to...

Police arrested more than 400 protesters outside the U.S. Capitol on Monday from Democracy Spring, an organization seeking to remove big money from politics and combat restrictive voter identification laws. The mostly calm and orderly demonstration resulted in arrests for what the U.S. Capitol Police called "unlawful demonstration activity" such as crowding and obstruction. Organizers vowed to repeat the demonstration every day for a week.

Nobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership may well be the worst trade agreement ever negotiated, and he recommends Canada insist on reworking it. "I think what Canada should do is use its influence to begin a renegotiation of TPP to make it an agreement that advances the interests of Canadian citizens and not just the large corporations," he said in an interview with CBC's The Exchange on Thursday.

President Obama made a forceful case Tuesday for stopping corporations from moving their headquarters overseas to avoid U.S. taxes, saying they are taking advantage of the American economic system and saddling the middle class with the bill. These companies “effectively renounce their citizenship,” Obama said at a White House news briefing. “They declare that they’re based somewhere else, thereby getting all the rewards of being an American company without...

Embattled former pharma CEO Martin Shkreli's legal troubles deepened Tuesday when the poster child for greed was sued for copyright infringement in connection to the $2 million Wu-Tang Clan hip-hop album he bought last year. Shkreli is the founder and former CEO of Turing Pharmaceuticals who became reviled for increasing the price of a life-saving drug by more than 5,000 percent last year. He also faces unrelated federal criminal...