Weekly Roundup | Business and Economy: Top 20 stories of the week of Jan 16 - 23rd, 2017
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. - Ronald Reagan
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1 +17y+ ago
This is how American health care kills people
Matthew Stewart thought he had good insurance. Then he started vomiting blood. By Ryan Cooper.
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Submitted on January 19th 2017 by AdelleChattre with 3 comments
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2 +17y+ ago
Nobel Laureate Takes on Purdue Pharma and OxyContin as a Corporate Fraud
At the recent 2017 Allied Social Sciences Association (ASSA) meeting in Chicago, Nobel Laureate Angus Deaton described the American healthcare system as “optimally designed for rent-seeking and very poorly designed to improve people’s health…” By Maureen Meehan.
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Submitted on January 18th 2017 by AdelleChattre with 1 comments
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3 +17y+ ago
This Drug Company Just Got Caught Jacking Up the Price of a Baby Medicine by 85,000%
This week, drug manufacturer Mallinckrodt Pharmaceuticals settled a lawsuit with the US Federal Trade Commission (FTC) for US$100 million, for engaging in illegal anti-competitive behaviour to ensure its continued monopoly over a life-saving medication for infants with epilepsy. More than a decade ago, Acthar Gel sold for $40 a vial, but since it's been acquired by Mallinckrodt, the price has been raised to more than $34,000 a vial, netting the company more than $1 billion in revenue in 2015.
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Submitted on January 22nd 2017 by messi with 3 comments
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4 +17y+ ago
Promises, Promises: A History of Debt
Anthropologist David Graeber explores the ways debt has shaped society over 5,000 years. [Audio, region-free]
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Submitted on January 16th 2017 by AdelleChattre
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5 +17y+ ago
Fresh Milk Products Price-Fixing Class Action Settlement
National Milk Producers Federation aka Cooperatives Working Together (CWT), Dairy Farmers of America Inc., Land O’Lakes Inc., Dairylea Cooperative Inc. and Agri-Mark Inc. have agreed to settle an antitrust class action lawsuit that accuses them of engaging in a conspiracy to fix milk prices. If you purchased milk or other fresh milk products (including half & half, cream cheese, sour cream, cottage cheese, yogurt or cream) since 2003, you may be entitled to payment from the milk products class action settlement.
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Submitted on January 19th 2017 by grandsalami
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6 +17y+ ago
On the Mexican border, it takes more than a wall to make sense of this tangle
A historian travels to the divided cities of Ambos Nogales for a concrete example of a complicated relationship
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Submitted on January 17th 2017 by AdelleChattre with 1 comments
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7 +17y+ ago
Why Is It So Hard for Writers to Talk Candidly About How Much Money They Make?
You can write a best-seller and still go broke.
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Submitted on January 19th 2017 by gladsdotter
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8 +17y+ ago
Netflix's gamble pays off as subscriptions soar
Hundreds of movies disappeared from Netflix over 2016, the result of the streaming service’s decision to end several key content deals with top studios and distributors. It was a brave move - particularly given that its main rivals, such as Hulu, jumped at the chance to take on some of those titles Netflix decided it no longer wanted. The reason for the cull? Original content.
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Submitted on January 18th 2017 by drunkenninja with 1 comments
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9 +17y+ ago
U.S. sues Oracle, alleges salary and hiring discrimination
The U.S. Labor Department has sued Oracle America Inc, alleging that the technology company systematically paid its white, male employees more than other workers and unlawfully favored Asian applicants in its recruiting and hiring efforts.
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Submitted on January 18th 2017 by Kelvis
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10 +17y+ ago
It Can Power a Small Nation. But This Wind Farm in China Is Mostly Idle
The Jiuquan Wind Power Base epitomizes the country’s ambition to become a global leader in clean energy. It also reflects the deep challenges facing the sector in China. By Javier C. Hernández.
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Submitted on January 16th 2017 by AdelleChattre
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11 +17y+ ago
Google sure loves its house ads
Top advertising spots usually dominated by a Google device, based on analysis.
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Submitted on January 19th 2017 by kxh
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12 +17y+ ago
Higher Minimum Wage May Have Losers
As more cities and states raise their minimum wages, researchers question how much difference the changes will make for the working poor.
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Submitted on January 17th 2017 by AdelleChattre with 3 comments
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13 +17y+ ago
Alibaba founder Jack Ma has a brutal theory of how America went wrong over the past 30 years
Alibaba founder Jack Ma thinks America went wrong over the past 30 years by focusing too much on war and Wall Street. Speaking at the World Economic Forum on Wednesday, Ma was asked about globalisation and the reaction to it represented by the election of Donald Trump as US president. He responded that back when Thomas Friedman published "The World Is Flat" in 2005, globalisation looked like "a perfect strategy" for the US...
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Submitted on January 20th 2017 by hxxp with 1 comments
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14 +17y+ ago
Drugs For Rare Diseases Have Become Uncommonly Rich Monopolies
Drugmakers have brought almost 450 orphan drugs to market and collected rich incentives by doing so. But nearly a third of the medicines aren’t new or were repurposed many times for financial gain. By Sarah Jane Tribble, Sydney Lupkin.
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Submitted on January 18th 2017 by AdelleChattre
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15 +17y+ ago
When the National Bird Is a Burden
Bald eagles have been the emblem of the United States for more than two centuries. Now, in some parts of the country, they’re a nuisance.
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Submitted on January 20th 2017 by gladsdotter
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16 +17y+ ago
‘Nobody wants to buy them’: Frustrated scalpers losing big money trying to sell inauguration tickets
Capitalism creates karma.
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Submitted on January 17th 2017 by Appaloosa with 1 comments
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17 +17y+ ago
When Truth Becomes a Commodity
What becomes of the public when truth becomes just another consumer preference? By Daniel T. Rogers.
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Submitted on January 17th 2017 by AdelleChattre with 1 Related Links:
1. Trump Wants To Flood White House Press Briefings With Sycophants And Propagandists Added by AdelleChattre on January 17th 2017.
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18 +17y+ ago
Who killed the curry house?
Why has Britain turned its back on its favourite food – and shut out the people needed to cook it? By Bee Wilson.
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Submitted on January 17th 2017 by AdelleChattre with 3 comments
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19 +17y+ ago
Instead of immigrants, automation may take away more jobs
Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the US aren't saying much by way of celebration -- industrial robots don't tend to speak. While globalisation's detractors blame countries such as China and Mexico for stealing the factory jobs of the West, experts point to less obvious culprits which are harder to scapegoat and to overcome in an interconnected economy with complex...
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Submitted on January 17th 2017 by ppp with 1 comments
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20 +17y+ ago
Vinyl on track to become a billion-dollar industry in 2017
If someone told you 10 years ago that Vinyl would become a billion-dollar industry by the end of 2017, what would you say? If the answer is somewhere along the lines of “no way,” you should probably check out the data compiled by Deloitte and reported by the Financial Times. It’s interesting to note that this number of $1 billion hasn’t been surpassed for vinyl ever since the ‘80s during its golden era.
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Submitted on January 16th 2017 by dynamite
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Here are this week's top five Business & Economy tribes:
/t/business 81 posts, 49 comments, 347 votes.
/t/economy 40 posts, 41 comments, 202 votes.
/t/entrepreneurship 19 posts, 2 comments, 49 votes.
/t/economics 7 posts, 5 comments, 34 votes.
/t/finance 7 posts, 14 comments, 38 votes.
Note: Tribes can only be featured once every four weeks. Validate your tribe to be included on this list!
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