The "Jumpstart Our Business Startups Act" was made for tech industry fraud
When I first read this, I asked myself: how does a law exempting a Silicon Valley startup from independent accounting actually encourage investment? If American companies have to have their internal processes independently verified before and after they go public, doesn't that give investors all around the world a big reason to put their money here, instead of investing in, say, Mobbed-Up Siberian Aluminum LLC, or Bangalore Sweatshop Inc.?
In other words, how does letting www.investonawhim.com go to market (and stay on the market for five years!) without publishing real numbers actually help the industry attract more financing in general, when the whole point of all of these controls is to make investment a less risky experience for the investor?The vast Mexican bribery scandal Wal-Mart tried to cover up
Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million. They also found documents showing that Wal-Mart de Mexico’s top executives not only knew about the payments, but had taken steps to conceal them from Wal-Mart’s headquarters in Bentonville, Ark. In a confidential report to his superiors, Wal-Mart’s lead investigator, a former F.B.I. special agent, summed up their initial findings this way: “There is reasonable suspicion to believe that Mexican and USA laws have been violated.”
The lead investigator recommended that Wal-Mart expand the investigation.
Instead, an examination by The New York Times found, Wal-Mart’s leaders shut it down.Kopimism, The Swedish copying-and-pasting data "religion"
An American branch of the religion was recently registered with Illinois and is in the process of gaining federal recognition, according to Christopher Carmean, a 25-year-old student at the University of Chicago and head of the U.S. branch.
"Data is what we are made of, data is what defines our life, and data is how we express ourselves," says Carmean. "Forms of copying, remixing, and sharing enhance the quality of life for all who have access to them. Attempts to hinder sharing are antithetical to our data-driven existence."Egypt terminates gas deal with Israel
The 2005 Egypt-Israel gas deal has come under strident criticism from leaders of the popular uprising that toppled Hosni Mubarak, the longtime Egyptian president, last year.877 dead dolphins wash up in Peru
Critics charge that Israel got bargain prices, and Mubarak cronies skimmed millions of dollars off the proceeds.
Earlier last week, the Peruvian government put together a panel from different ministries to analyze a report by the Peruvian Sea Institute (IMARPE). Officials have been able to conclude that the dolphins' deaths were not due to lack of food, interaction with fisheries, poisoning with pesticides, biotoxin poisoning or contamination by heavy metals.Universities finally realize that academic publishing is an absurdly-overpriced racket
But it's not just the exorbitant subscriptions that stink; it's the intrinsic absurdity of what's involved in the academic publishing racket. Most publishers, after all, have at least to pay for the content they publish. But not Elsevier, Springer et al. Their content is provided free by researchers, most of whose salaries are paid by you and me.
The peer reviewing that ensures quality in these publications is likewise provided gratis by you and me, because the researchers who do it are paid from public money. (One estimate puts the value of UK unpaid peer reviewing at a staggering £165m.) And then the publishers not only assert copyright claims on the content they have acquired for nothing, but charge publicly funded universities monopoly prices to get access to it.