US trade rep threatens Colombia's peace process over legal plan to offer cheap leukemia meds

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Colombia wants to produce Novartis's leukemia drug imatinib under a compulsory license, something it is allowed to do under its trade agreement with the USA, to bring the price down from $15,161/year (double the annual average income) to prices like those charged in India ($803/year). Read the rest

Rich people don't move when their taxes go up

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In Millionaire Migration and the Taxation of the Elite: Evidence from Administrative Data, Stanford sociologist Cristobal Young builds on his substantial research on "millionaire migration," to show that only a small minority of millionaires move when local taxes go up -- far too few to represent a net loss to the tax coffers. Read the rest

Wealthy families are most responsible for American wealth segregation

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Inequality in Children’s Contexts, USC Sociologist Ann Owens's paper in American Sociological Review (Scihub mirror), investigates the factors that contribute most to the unequal lives of wealthy and poor American children, and concludes that the single most significant factor is the neighborhood that the children's parents live in. Read the rest

How a pharma company made billions off mass murder by faking the science on Oxycontin

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When Purdue Pharma's patent on the MS Contin was close to expiry, the Sackler family who owned the company spent millions trying to find a product that could replace the profits they'd lose from generic competition on MS Contin: the result was Oxycontin, a drug that went on to kill Americans at epidemic scale. Read the rest

GOP officials won't let the FEC stop bosses from forcing employees to give to PACs

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The Federal Election Commission has deadlocked on a complaint about an employer who coerced his salaried employees into donating to a PAC he had started; the three Democratic commissioners voted to take action, the three GOP commissioners voted against, and that means that nothing will happen. Read the rest

Revealed: the amazing cover for Walkaway, my first adult novel since 2009

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Next April, Tor Books will publish Walkaway, the first novel I've written specifically for adults since 2009; it's scheduled to be their lead title for the season and they've hired the brilliant designer Will Staehle (Yiddish Policeman's Union, Darker Shade of Magic) for the cover, which Tor has just revealed. Read the rest

If Donald Trump ever talks to a real journalist, these are the questions he should answer

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The questions posed by David Cay Johnston include some tough-to-avoid queries about Trump's involvement with the mafia, the regulatory findings against his company for unfair and unsafe employment practices, and times when Trump had admitted to shading the truth or lying outright about his affairs. Read the rest

Plagiarism detection app vs Russia's elites: 1-2 fake PhDs discovered every day

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Dissernet, a leaderless collective of Russian scientists and journalists scrapes the doctoral dissertations of Russian elites -- who have been attaining advanced degrees at an unprecedented rate -- runs them through plagiarism detection software to flag probable frauds for human review, and publishes the names of officials who've been caught cheating, one or two every day. Read the rest

Grass in the park at the center of San Francisco gentrification debate is now for rent

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Dolores Park is a symbol of the clash between of the Mission District's low-income, non-white traditional residents and the flood of gentrifying tech world. Read the rest

Lawsuit: Texas's largest jail is full of people who are locked up for being poor

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According the the filings in a lawsuit brought by Equal Justice Under Law against Harris County, Texas, 77% of the inmates in Harris County Jail -- largest in Texas, third largest in America -- are there because they couldn't make a bail payment of $5,000 or less. Read the rest

A software developer's version of the CIA's bureaucratic sabotage manual

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The Simple Sabotage Field Manual was published in 1944 by the Office of Strategic Services, the agency that came to be the CIA: it outlined simple tactics for putting bureaucratic grit in the wheels of occupied countries, for example, by referring key decisions to committees and then obstructing the work of those committees. Read the rest

Banker implicated in one of history's biggest frauds says boss beat him with a tiny baseball bat

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Jonathan Mathew is one of the bankers at Barclays who participated in the Libor rigging fraud, which cost people all over the world trillions of dollars in higher payments on mortgages, government bonds, student loans, and other assets totalling $350 trillion. Read the rest

Gallery show of forks stolen from rich people, sealed to preserve crumbs & saliva

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Australian artist Van Thanh Rudd, nephew of former Prime Minister Kevin Rudd, spent 15 years stealing forks that had been used by the rich and powerful, vacuum sealing them to preserve leftover morsels, saliva and DNA, and now he tours them as a gallery show called "Rich Forks." Read the rest

Chelsea Clinton's husband shuts down vulture fund after losing 90% of his investors' money

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Chelsea Clinton's husband Marc Mezvinsky is a Goldman Sachs alumnus; in 2014, he founded Hellenic Opportunity, a hedge fund that raised $25M to bet on distressed assets from Greece's collapsed economy, wagering that the country's investors would force it to make deeper cuts to finance payments on the debts. Read the rest

NZ Prime Minister John Key ejected from Parliament over Panama Papers rant

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John Key, the Prime Minister of New Zealand, was ejected from the country's parliamentary debating chamber yesterday when he repeated ignored the Speaker of the House's calls to yield the floor, continuing to rant even after his microphone had been cut off. Read the rest

Billionaire Paypal co-founder Peter Thiel will be a California Trump delegate

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The Facebook board member will be a Trump delegate to this summer's Republican National Convention, representing California's 12th district. Read the rest

300 prominent economists call on world governments to end tax haven secrecy

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Oxfam has published an open letter signed by hundreds of respected economists, including Thomas Piketty, which describes tax havens as "serving no useful economic purpose." Read the rest

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