Politcs? Ethics? Rules? Cheating?
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How Private Equity Firms Like Bain Capital Earn Profits

How Private Equity Firms Like Bain Capital Earn Profits | Politcs? Ethics? Rules? Cheating? | Scoop.it
Online version of the weekly magazine, with current articles, cartoons, blogs, audio, video, slide shows, an archive of articles and abstracts back to 1925...
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Politcs? Ethics? Rules? Cheating?
If everyone in the Business, Economic and Political world would play by the rules and be ethical - what kind of world would we have?
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Opinion: Cartel of cheats | Business | DW | 

Opinion: Cartel of cheats | Business | DW |  | Politcs? Ethics? Rules? Cheating? | Scoop.it
VW's emissions-cheating scandal pales beside what's rocking the whole German car industry right now. The latest accusations concerning collusion among all major automakers come as a deep shock, says DW's Henrik Böhme.
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The EU’s Mafia State

The EU’s Mafia State | Politcs? Ethics? Rules? Cheating? | Scoop.it
Following the collapse of communism, many of us in Central and Eastern Europe had hoped that the region would steadily move toward liberal democracy, and that any obstacles en route to that goal could be overcome. But in many former communist countries, older systems of patronage and corruption have survived, and taken new forms. What we thought was a transitional phase has become a permanent state of affairs.

Consider Hungary, which has become a mafia state during the seven years of Viktor Orbán’s rule as prime minister. Hungary is unique in that it moved toward liberal democracy and joined the European Union before changing course and heading toward autocracy. The rest of the region’s mafia states, such as Russia, Azerbaijan, and other Central Asian former Soviet republics, either passed through a period of oligarchic flux, or took a direct path from communist dictatorship to criminal enterprise.
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How Amazon's Accounting Makes Rich People's Income Invisible - Evonomics

How Amazon's Accounting Makes Rich People's Income Invisible - Evonomics | Politcs? Ethics? Rules? Cheating? | Scoop.it
Image you’re Jeff Bezos, circa 1998. You’re building a company (Amazon) that stands to make you and your compatriots vastly rich.

But looking forward, you see a problem: if your company makes profits, it will have to pay taxes on them. (At least nominally, in theory, 35%!) Then you and your investors will have to pay taxes on them again when they’re distributed to you as dividends. (Though yes, at a far lower 20% rate than what high earners pay on earned income.) Add those two up over many years, and you’re talking tens, hundreds of billions of dollars in taxes.

You’re a very smart guy. How are you going to avoid that?
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The French are demanding change in the face of corruption

The French are demanding change in the face of corruption | Politcs? Ethics? Rules? Cheating? | Scoop.it
The first law that will be introduced under Emmanuel Macron, the new President of the French Republic, will be about ethics in public life. The bill is currently being drafted, so that it can be adopted in the next few weeks by the future parliament. It shows just how much this issue struck a chord with public opinion during a particularly bitter presidential campaign. It continues to be the focus of attention in the run-up to the legislative elections on 11 and 18 June.
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Brazil meat-packing giant JBS to pay record $3.2bn corruption fine - BBC News

Brazil meat-packing giant JBS to pay record $3.2bn corruption fine - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
The controlling shareholder of the world's largest meat-packing company, JBS, has agreed to pay a record 10.3bn real ($3.2bn; £2.4bn) fine for its role in Brazil's corruption scandals.
J&F Investimentos will pay under a leniency deal in two corruption investigations.
The payments will start in December and J&F will have 25 years to make them, prosecutors say.
The fine beats the $2.6bn paid by Brazilian building firm Odebrecht.
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Liberal ‘Gerrymandering’ Handed Them Election Win: Analyst | The Tyee

Liberal ‘Gerrymandering’ Handed Them Election Win: Analyst | The Tyee | Politcs? Ethics? Rules? Cheating? | Scoop.it
BC Liberals told electoral boundary commission to protect sparsely populated ridings in party strongholds.
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The slimming pills that put me in hospital - BBC News

The slimming pills that put me in hospital - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
Fake drugs are now a multibillion dollar international industry, but for those who have ended up inadvertently taking them the personal consequences can be life-changing.
Natalie-Jade from Manchester was 18 when she decided she wanted to lose weight. The British teenager did a quick Google search, and the pills she found promised instant results.
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malek's comment, May 12, 10:05 AM
Shambolic: Counterfeit medicine may be contaminated or contain the wrong or no active ingredient.
pdeppisch's comment, May 13, 10:51 PM
Fake anything is doing what humans do best: Cheating! grrrrr
malek's comment, May 16, 9:59 AM
Enforce laws, Period.
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Bumble Bee tuna to pay $25 million in U.S. price-fixing case

Bumble Bee tuna to pay $25 million in U.S. price-fixing case | Politcs? Ethics? Rules? Cheating? | Scoop.it
Bumble Bee Foods LLC has agreed to plead guilty to one count of fixing the prices of canned tuna sold in the United States and to pay a criminal fine of $25 million, the Justice Department said on Monday.

Two Bumble Bee executives agreed to plead guilty in December in connection with the price fixing. They are on paid leave from the company.
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Swiss 'spied inside German ministry' in tax scandal - BBC News

Swiss 'spied inside German ministry' in tax scandal - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
German investigators suspect that a mole spied for Swiss intelligence from inside a government office which was trying to catch German tax dodgers.
The allegations are part of the case against an alleged Swiss spy arrested in a Frankfurt hotel on Friday, German media report. He is suspected of monitoring German tax investigators.
Switzerland objects to the practice of buying data stolen from Swiss banks.
The mole allegedly spied inside North Rhine-Westphalia's finance ministry.
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Big tobacco in 2017: Full steam ahead

Big tobacco in 2017: Full steam ahead | Politcs? Ethics? Rules? Cheating? | Scoop.it
The Justice Dept has moved to delay enforcement of rules the FDA finalized dealing with tobacco. The industry stepped up its lobbying efforts in 2017

Via Monica S Mcfeeters
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Evidence of Complex Contagion of Information in Social Media: An Experiment Using Twitter Bots

"It has recently become possible to study the dynamics of information diffusion in techno-social systems at scale, due to the emergence of online platforms, such as Twitter, with millions of users. One question that systematically recurs is whether information spreads according to simple or complex dynamics: does each exposure to a piece of information have an independent probability of a user adopting it (simple contagion), or does this probability depend instead on the number of sources of exposure, increasing above some threshold (complex contagion)? Most studies to date are observational and, therefore, unable to disentangle the effects of confounding factors such as social reinforcement, homophily, limited attention, or network community structure. Here we describe a novel controlled experiment that we performed on Twitter using `social bots' deployed to carry out coordinated attempts at spreading information. We propose two Bayesian statistical models describing simple and complex contagion dynamics, and test the competing hypotheses. We provide experimental evidence that the complex contagion model describes the observed information diffusion behavior more accurately than simple contagion. Future applications of our results include more effective defenses against malicious propaganda campaigns on social media, improved marketing and advertisement strategies, and design of effective network intervention techniques.

 

Evidence of Complex Contagion of Information in Social Media: An Experiment Using Twitter Bots

Bjarke Mønsted, Piotr Sapieżyński, Emilio Ferrara, Sune Lehmann"

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Imagine America's next generation are climate deniers | DW Environment 

Imagine America's next generation are climate deniers | DW Environment  | Politcs? Ethics? Rules? Cheating? | Scoop.it
A fight is being waged to ensure the science behind global warming is taught in US schools as some states move to wipe it from the curriculum. Is the United States raising a new generation of climate-change deniers?
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Diesel emissions kill. What is the car industry going to do about it? | DW Environment |

Diesel emissions kill. What is the car industry going to do about it? | DW Environment | | Politcs? Ethics? Rules? Cheating? | Scoop.it
A 1,500-euro ($1,750) fix could save thousands of lives - but carmakers are unwilling to pay. Should the auto industry pick up the bill for its own mess?
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Heinz in court over 'healthy' toddlers' snack Shredz - BBC News

Heinz in court over 'healthy' toddlers' snack Shredz - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
Heinz has been taken to court in Australia after a watchdog said it falsely marketed a children's food as healthy.
The lawsuit concerns Shredz, a snack made from fruit juice concentrate and pastes.
Heinz, which denies the allegations, says the bars have "a similar nutrition profile to sultanas".
But the Australian Competition and Consumer Commission (ACCC) says they should be treated like confectionary.
It claims the snack, aimed at toddlers, contains more than 60% sugar.
The product is no longer on the market, but came in three flavours - "peach apple and veg", "berries apple and veg", and "strawberry and apple with chia seeds".
The packaging stated it was "99% fruit and veg" and featured a selection of fruits prominently on the front.
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A primer on gerrymandering and political polarization | Brookings Institution

A primer on gerrymandering and political polarization | Brookings Institution | Politcs? Ethics? Rules? Cheating? | Scoop.it

"The U.S. Supreme Court recently announced that it will hear a Wisconsin case on political gerrymandering, the practice of drawing legislative boundaries that favors one political party (the one in charge of drawing the lines) in elections. The case will focus not on questions of racial bias, which was at issue in a May Supreme Court ruling on two North Carolina congressional districts, but on partisanship and unequal representation. The most recent Supreme Court ruling in a political redistricting case occurred in 2004, in Vieth v. Jubelirer."

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Corruption beyond Brazil: Where the ‘Car Wash’ scandal has splashed across Latin America

Corruption beyond Brazil: Where the ‘Car Wash’ scandal has splashed across Latin America | Politcs? Ethics? Rules? Cheating? | Scoop.it
The Lava Jato investigation has engulfed Brazil’s political class, and it centres on contentious contracts by construction giant Odebrecht that span across the continent. Stephanie Nolen maps out how it’s affected their business, which national leaders have been implicated and what’s at stake
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Germany fears huge losses in massive tax scandal - BBC News

Germany fears huge losses in massive tax scandal - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
It is reckoned to be the biggest tax scandal in German post-war history.
An international group of bankers, lawyers and stockbrokers - reportedly with links to the City of London - appears to have fiddled the tax system, employing practices which were at best unethical, at worst illegal.
Ultimately they may have deprived the state of nearly €32bn (£28bn; $36bn). As the German broadcaster ARD wryly noted, that would have paid for repairs to a lot of schools and bridges.
The newspaper Die Zeit adds that the sum would more than cover the cost of the refugee influx for a year.
Prosecutors have been investigating for some time. And gradually it is emerging that large-scale tax avoidance was taking place right under the noses of the authorities.
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Nigeria: Nigeria's Senate passes bill to crackdown on money laundering

Nigeria: Nigeria's Senate passes bill to crackdown on money laundering | Politcs? Ethics? Rules? Cheating? | Scoop.it
Nigerian lawmakers passed a bill aimed at cracking down on money laundering by urging foreign countries where currency crooks are hiding to cooperate in prosecuting them, a senior official said on Tuesday (May 30 2017). According to the bill, Nigeria…

Via talkingdrumnigeria
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A Whistle-Blower Tells of Health Insurers Bilking Medicare

A Whistle-Blower Tells of Health Insurers Bilking Medicare | Politcs? Ethics? Rules? Cheating? | Scoop.it
A former executive at UnitedHealth says he was paid bonuses to make patients look sicker than they were, which led to bigger reimbursements.

Via Demarcio Washington, Monica S Mcfeeters
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Indonesia sues Thailand's PTT, PTTEP for $2 billion over oil spill

Indonesia sues Thailand's PTT, PTTEP for $2 billion over oil spill | Politcs? Ethics? Rules? Cheating? | Scoop.it
The Indonesian government is suing Thailand's state-owned PTT and PTT Exploration and Production for around $2 billion for alleged damage to the environment from an oil spill in the Timor Sea eight years ago.

The Montara wellhead operated by subsidiary PTTEP Australasia caught fire in 2009, leaking hundreds of thousands of litres of oil off the northern coast of Western Australia, according to media reports at the time.

The incident was considered one of Australia's worst oil disasters, and PTTEP was fined A$510,000 ($394,000) by a Darwin court after pleading guilty in 2011 to charges related to workplace health and safety and failure to maintain good oilfield practice.
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Fossil fuel lobbies cripple UN climate talks, report says | DW Environment  

Fossil fuel lobbies cripple UN climate talks, report says | DW Environment   | Politcs? Ethics? Rules? Cheating? | Scoop.it
Coal and oil groups "undermine" UN climate negotiations, says Corporate Accountability International. A group of developing countries is calling for big polluters' lobbyists to be kicked out of upcoming talks in Bonn.
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Opinion | Airlines abuse passengers, and Washington weighs a crackdown — on passengers

Opinion | Airlines abuse passengers, and Washington weighs a crackdown — on passengers | Politcs? Ethics? Rules? Cheating? | Scoop.it
Washington, in its wisdom, deregulated the airline industry and later looked the other way as it underwent a series of mega-mergers leaving a four-carrier oligopoly controlling 85 percent of the market. And what do we have to show for it? Reduced competition; packed cabins; tiny seats; proliferating fees for food, bags and flight changes; outsourcing of maintenance; boarding delays; higher fares in many cases; labyrinthine contracts that protect airlines rather than consumers; and routine overbooking.
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Florida principal in hot water after instructing staff that “white students should be in the same class”

Florida principal in hot water after instructing staff that “white students should be in the same class” | Politcs? Ethics? Rules? Cheating? | Scoop.it
Hoffman only sought to separate white students from the rest of the student body; Hispanic, Asian and multiracial students were not mentioned in any context.

Via Danny Czekalinski, talkingdrumnigeria
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How President Trump and congressional Republicans are undercutting wages and protections for working people

How President Trump and congressional Republicans are undercutting wages and protections for working people | Politcs? Ethics? Rules? Cheating? | Scoop.it
We are nearly 100 days into President Donald Trump’s administration, a benchmark that gives us a chance to take stock of what the president and new Congress have accomplished and what their priorities are. We have seen a flurry of activity—from legislation and executive orders, as well as actions taken (or not taken) by the administration—that, sometimes subtly, shift power away from working people and towards corporations and the 1 percent. Some of these actions have been high profile, but others have gone almost unnoticed. Taken together, they undercut wages and protections for working people.
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How Wall Street Once Killed the U.S. Solar Industry

How Wall Street Once Killed the U.S. Solar Industry | Politcs? Ethics? Rules? Cheating? | Scoop.it
Why is the American solar-power industry so small?

It’s less obvious than it may seem. The global industry is a $65-billion business, and the United States has been involved in it from the beginning. NASA first improved and perfected panels for early satellite and Apollo missions. American firms have been manufacturing and selling solar panels for 40 years.

Yet North American firms produce only about 3 percent of the world’s solar panels. China and Taiwan, meanwhile, make more than 60 percent of them.
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