Articles by David Wallechinsky

We found 4 results.

Big 6 Oil Companies Complete a Trillion-Dollar Decade
David Wallechinsky, AllGov – TRANSCEND Media Service, 12 Mar 2012

Times are good for the six largest oil companies, with profits easily surpassing the figures from before the 2008 financial meltdown. In 2011 ExxonMobil led the way with profits of $41.1 billion. Shell was in second place at $28.6 billion, followed by Chevron at $26.8 billion and BP at $23.9 billion. Total was back at $15.9 billion and ConocoPhillips trailed at $12.4 billion.

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Private Prison Company to Demand 90% Occupancy
Noel Brinkerhoff & David Wallechinsky, AllGov – TRANSCEND Media Service, 20 Feb 2012

Corrections Corporation of America (CCA) has reached out to 48 states as part of a $250 million plan to own existing prisons and manage their operations. But in return CCA wants a 20-year contract and assurances that the state will keep the prisons at least 90% full.

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Two Thirds of U.S. Foreign Aid is Really Military Aid
David Wallechinsky & Noel Brinkerhoff, AllGov – TRANSCEND Media Service, 2 Jan 2012

When some Americans complain that foreign aid is wasting taxpayer money abroad that could be put to better use at home, they may not realize that today’s version of foreign aid isn’t what it used to be. Call it the Pentagon-zation of U.S. foreign assistance.

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Drug Companies Increase Profits by Creating Fear of Diseases (and Even Diseases)
David Wallechinsky, AllGov – TRANSCEND Media Service, 19 Dec 2011

Coined nearly 20 years ago, the term “disease mongering” is still applicable today for what the pharmaceutical industry is doing to promote its blockbuster drugs among the “sick.” Dr. Andrew Weil has highlighted another tactic: attaching “polysyllabic, clinical-sounding names to what used to be seen as trivial or transient conditions.” For example, “Occasional heartburn becomes ‘gastro-esophageal reflux disease’ or GERD; premenstrual tension becomes ‘premenstrual dysphoric disorder’ or PMDD; and shyness becomes ‘social anxiety disorder’ or SAD.”

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