"naked capitalism"

Court case lays bare KPMG's crimes: poaching employees from its own regulators and making them steal government secrets

Capitalism has a foundational dependence on auditors -- outside entities who evaluate companies' claims about their financial state so that investors, suppliers and customers can understand whether to trust the companies with their money and business -- but those auditors are paid by the companies they're supposed to be keeping honest, and to make matters worse, 40 years of lax antitrust enforcement has allowed the auditing industry to contract to a four gigantic firms that openly practice fraud and abet corruption, with no real consequences. Read the rest

Kentucky's Whitefield Academy expels student for wearing a rainbow shirt in a Facebook photo

The Whitefield Academy is a "Christ-centered, college-preparatory school for grades PreK-12 fostering a passion for learning, others ahead of self, and the living and active Jesus." That is to say, it's a school for religious maniacs. Read the rest

Med-tech company repossess veteran's artificial legs because the VA won't cover them

Jerry Holliman received Bronze Stars for his military service in Iraq and Vietnam, where he was dosed with Agent Orange. Now 69, Hollman has survived multiple cancers, but lost both his legs to complications from diabetes. Read the rest

Olympics warns athletes that kneeling, fist-raising and other political actions will be banned at the Tokyo 2020 games

The International Olympic Committee -- long a swirling cesspool of corruption, censorship, and reputation-laundering for repressive regimes -- has attained a new low, issuing guidance to athletes competing at the 2020 Tokyo Olympics that no political protests will be tolerated, specifically banning kneeling or raising fists. Read the rest

America's most popular governor: the lavishly corrupt Larry Hogan [R-MD]

Maryland's Larry Hogan -- a Republican who governs a blue state -- is the most popular governor in America, with a 73% approval among state Democrats. He is also a flagrant crook. Read the rest

Explaining the con that is private equity

Emily Stewart's private equity explainer for Vox is a great explainer on how the PE con works: buy up businesses, load them with debt, sell off their assets, slash their costs, then walk away as the house burns, leaving society to put out the fire -- all while enjoying special tax status on your gains. Read the rest

Despite 50 state AGs' antitrust investigations, Google stocks hit an all time high

50 states' Attorneys General are investigating Google for antitrust violations, doing the work that Federal regulators have shirked since the Reagan era. Read the rest

Kentucky's former GOP governor pardoned a bunch of rapists and murderers on his way out of office, including a child rapist

Former Republican Governor of Kentucky Matt Bevin pardoned 28 prisoners on his way out of office, including Micah Schoettle, convicted of repeatedly raping a nine year old girl over a two year period, often while her sister was present. Bevin told a conservative talk-show host that he believed Schoettle had been falsely accused and convicted, citing his understanding that child rape survivor's hymen was intact (a peer-reviewed study of girls who survive rape found that only 2.1% of them had visible damage to their hymens; Bevin told an interviewer "This is perhaps more specific than people would want, but trust me, if you have been repeatedly sexually violated as a small child by an adult, there are going to be repercussions of that physically and medically"). Read the rest

Students at elite Shanghai university protest the removal of "freedom of thought" from the school charter

Fudan University, one of China's elite centers of higher learning, has had its charter altered to remove "freedom of thought" from its values. In its place, the charter now promotes "arming the minds of teachers and students with Xi Jinping's new era of socialist ideology with Chinese characteristics." In response, students have launched a protest in the form of performances of the school song, which touts "academic independence and freedom of thought." Read the rest

Bernie Sanders got the GAO to study the life chances of millennials, and the report concludes that debt is "crushing their dreams"

Bernie Sanders commissioned the Government Accountability Office to study the consequences of the high degree of indebtedness borne by Millennials; the GAO's report concludes that Millennials dreams are being "crushed" by debts -- primarily student loans -- which have limited their abilities to seek good employment, good housing, and to save for retirement. Read the rest

Insulin prices doubled between 2012 and 2016

The historical excuse for pharma monopolists who conspired to rig prices on insulin was that hardly anyone paid full price -- everyone got their life-saving, non-optional medicine through health plans that negotiated a knock-down price. Read the rest

The New Yorker's profile of William Gibson: "Droll, chilled out, and scarily articulate"

I first met Bill Gibson in 1999 when I was profiling him for the Globe and Mail as part of a review of his book "All Tomorrow's Parties." Since then, we've become friends and colleagues, and I genuinely treasure every chance I get to sit down with him, because he's both fantastically clever and incredibly nice. Read the rest

Popular Chinese video game invites players to "hunt down traitors" in Hong Kong

"Fight the Traitors Together" (motto: "Hong Kong is part of China and this can't be meddled with by outside power") is a web-game that has attained new popularity in mainland China; it invites players to locate with caricatures of real Hong Kong protest leaders and slap them or pelt them with rotten eggs. Read the rest

In any other industry, emergency medical billing would be considered fraudulent

Last summer, MD/journalist Elisabeth Rosenthal's husband had a bike accident and was seriously injured and taken by ambulance to an emergency room. Read the rest

After sweeping election victories, Hong Kong protesters stage massive demonstrations marking their 6-month anniversary

Today, 800,000 Hong Kongers marched through the city in a demonstration commemorating their six months of protests. Thanks to landslide victories for pro-Democracy candidates in last month's election, today's march had an official police permit -- the first such permit issued since August. Read the rest

Prasad's Law: there's always enough health spending to concentrate wealth, never enough to diffuse it

In a recent installment of his Plenary Session podcast, hematologist-oncologist Vinay Prasad observed that "There are interventions that disperse wealth, … and they give people jobs, and they send them out in the community; and there are implantable drugs, implantable devices, there are drugs, there are cancer screening tests, and we will always prioritize interventions that consolidate money in the hands of the few, over interventions that disperse money to the hands of many, with the same levels of evidence." Read the rest

Colombians take to the streets in the third general strike in two weeks

The far-right Duque administration in Colombia is only fifteen months old, but its polarizing policies have brought the country to its knees, with a third general strike in just two weeks shutting down the country yesterday. Read the rest

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