Your massive surprise hospital bills are making bank for private equity

Private equity firms like Blackstone and KKR have acquired massive health companies like Teamhealth and Emcare, which bill out doctors to the hospitals they work for, taking those doctors out of the hospitals' insurance agreements and massively hiking their fees -- that's why when you go to a hospital, even one that's covered by your insurer, you still end up with massive surprise bills for your care. Read the rest

#29leaks: someone leaked 15 years' worth of data from London's most notorious shell-company factory

Formations House is a London "financial services" firm that has been implicated in some of the world's most notorious money-laundering and fraud schemes, a company that has formed more than 400,000 companies, trusts and partnerships for its customers, many of them prefabricated, anonymous "shelf companies" that have been used to disguise the parties behind breathtaking frauds, some perpetrated by corrupt heads of state. Read the rest

A deep dive into Elizabeth Warren's plan to tame private equity

Yesterday, I published a brief analysis of Elizabeth Warren's plan to close the loopholes that allows private equity to defraud investors, creditors and workers to make billions while destroying the real economy. Read the rest

FBI agent describes finding "Frankensteins" and a "cooler full of penises" at an unregulated Arizona body-donation center

Phoenix's Biological Resource Center advertised that it would collect your relatives' remains and dispose of their body parts for medical purposes, cremating the unused portions and returning them; it was founded by the aptly named Stephen Gore, whose highest level of educational attainment was a high school diploma and who learned the processes by which he dismembered and preserved the bodies in his care "from books or the internet." Read the rest

Elizabeth Warren's banking proposals are designed to demolish the private equity sector and force finance to serve the people

Elizabeth Warren's bid for the Democratic 2020 presidential nomination has been dominated by a series of bold, detailed policy proposals that are designed to enact deep, structural changes in American law and policy to reverse 40 years of post-Reagan corruption and wealth accumulation by the richest 1%. Read the rest

An Indian research university has assembled 73 million journal articles (without permission) and is offering the archive for unfettered scientific text-mining

The JNU Data Depot is a joint project between rogue archivist Carl Malamud (previously), bioinformatician Andrew Lynn, and a research team from New Delhi's Jawaharlal Nehru University: together, they have assembled 73 million journal articles from 1847 to the present day and put them into an airgapped respository that they're offering to noncommercial third parties who want to perform textual analysis on them to "pull out insights without actually reading the text." Read the rest

Ex-Fox & Friends host, accused of a Ponzi scheme that turned Indianapolis real-estate investors into slumlords, moves to Portugal

Clayton Morris -- a former host of Fox & Friends -- was part owner of Oceanpointe, a company that sold turnkey landlord services in Indianapolis to investors who could send Oceanpointe money, which the company would invest in properties that they would repair and rent out. Read the rest

Putting a price on our data won't make the platforms stop abusing our privacy

There are several proposals at the state and federal level to force the Big Tech platforms to disclose how much our data is worth to them -- with the hopes that this will curb their abuses of our privacy and even offer an income-stream that could benefit low-income users. Read the rest

MLMs are cults that prey on moms, Mormons and the military

Pyramid schemes are illegal, but "multi-level marketing" schemes are not; the difference is supposedly that pyramid schemes don't really sell anything -- they just sell the right to recruit people who will recruit people who will recruit people, each paying up the pyramid to their "uplines" -- while MLMs supposedly actually sell stuff. Read the rest

Understanding "transfer pricing": how corporations dodge taxes through financial colonialism

Every day, the world's poorest countries lose $3b in tax revenues as multinationals sluice their profits through their national boundaries in order to avoid taxes in rich countries, and then sluice the money out again, purged of tax obligations thanks to their exploitation of tax loopholes in poor nations. Read the rest

High art subprime: borrowing on private art collections surges into billions

The international art market is a looter's go-to gambit for grifting their money out of their national borders and getting it into a no-man's land out of reach of every tax authority in the world, but it is also stubbornly illiquid, because selling your Picasso takes a ridiculously long time. Read the rest

Billionaire newspaper monopolist family cancels editorial cartoonist after anti-Trump drawing

Canada's Irving family is one of the richest in the world, owning more land than anyone except the British royals and the Catholic church; they also own virtually all the media in New Brunswick, as well as the industries that those newspapers cover, and they augment their media control over the public discourse with a ruthless approach to their critics. Read the rest

WTF is this commercial for a famous brand?

If you haven't seen this long commercial before, you'll never guess what it is advertising. The reveal is at the end.

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Robert Reich backs Elizabeth Warren's plan to break up Big Tech

Robert Reich (previously) served in the presidential administrations of Gerald Ford, Jimmy Carter, and Bill Clinton, was Clinton's labor czar, and sat on Obama's economic transition advisory board; though he is generally on the Democratic Party's left flank, his own history shows that he has credibility with the establishment wing of the party as well. Read the rest

How Memphis's Methodist University Hospital, a "nonprofit," sued the shit out of its Black, poor patients while raking in millions and paying execs more than a million each

Methodist University Hospital in Memphis is a nonprofit: it pays virtually no local, state or federal tax; but unlike other Methodist hospitals, Methodist University Hospital is relentless in pursuing medical debts from indigent patients. The hospital owns its own collection agency, and is one of the leading litigants in Tennessee's debt courts. Read the rest

Insulin: why the price of a 100-year-old drug has tripled in a decade

Insulin prices have skyrocketed to the point where many people with diabetes live in insulin poverty, with one in four rationing their insulin and an even larger proportion trading off other life necessities (food, rent, clothing) to afford their insulin supply. Read the rest

Independent evaluation of "aggression detection" microphones used in schools and hospitals finds them to be worse than useless

One of the griftiest corners of late-stage capitalism is the "public safety" industry, in which military contractors realize they can expand their market by peddling overpriced garbage to schools, cities, public transit systems, hospitals, etc -- which is how the "aggression detection" industry emerged, selling microphones whose "machine learning" backends are supposed to be able to detect "aggressive voices" (as well as gunshots) and alert cops or security guards. Read the rest

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