Ethics? Rules? Cheating?
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Emails Give Glimpse Into Deals That Fueled Financial Meltdown

Emails Give Glimpse Into Deals That Fueled Financial Meltdown | Ethics? Rules? Cheating? | Scoop.it
Hedge fund Magnetar and Wall Street banks created $40 billion of deals. The emails show how they did it.
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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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Something's Rotten in the Pet Food Industry - Modern Farmer

Something's Rotten in the Pet Food Industry - Modern Farmer | Ethics? Rules? Cheating? | Scoop.it
Shocking slaughterhouse by-products. Massive recalls. Mislabeled ingredients. Read this before buying Fido another bag of “natural” kibble.

Via The Planetary Archives / San Francisco, California
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How bad science misled chronic fatigue syndrome patients

How bad science misled chronic fatigue syndrome patients | Ethics? Rules? Cheating? | Scoop.it

"If your doctor diagnoses you with chronic fatigue syndrome, you’ll probably get two pieces of advice: Go to a psychotherapist and get some exercise. Your doctor might tell you that either of those treatments will give you a 60 percent chance of getting better and a 20 percent chance of recovering outright. After all, that’s what researchers concluded in a 2011 study published in the prestigious medical journal the Lancet, along with later analyses.

Problem is, the study was bad science.

And we’re now finding out exactly how bad."

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$90 Billion Whistleblower Suit Filed Against Four of the Nation's Largest Chemical Companies

$90 Billion Whistleblower Suit Filed Against Four of the Nation's Largest Chemical Companies | Ethics? Rules? Cheating? | Scoop.it
Four of the country's largest chemical companies have been accused of selling billions of dollars worth of harmful isocyanate chemicals but intentionally concealing their dangers to consumers and the U.S. Environmental Protection Agency (EPA) over the past several decades.
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Why the federal government should stop spending billions on private sports stadiums | Brookings Institution

Why the federal government should stop spending billions on private sports stadiums | Brookings Institution | Ethics? Rules? Cheating? | Scoop.it
en the New York Yankees completed the new Yankee Stadium in 2009, the final construction bill was an estimated $2.5 billion. Of that, nearly $1.7 billion was financed by tax-exempt municipal bonds issued by the city of New York.

Because the interest earned on the municipal bonds is exempt from federal taxes, a large amount of tax revenue that would have been collected—had the bonds been issued as taxable—went toward the construction of the stadium. In other words, the Yankees received a federal subsidy to build their stadium. How much? About $431 million. That’s a lot of money, but it gets worse.
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Mastercard faces £14bn card fee claim - BBC News

Mastercard faces £14bn card fee claim - BBC News | Ethics? Rules? Cheating? | Scoop.it
A £14bn legal claim has been filed against Mastercard on behalf of UK consumers seeking damages for anti-competitive card fees.
In 2014, the European Court of Justice ruled that regulators were right to condemn the cost of its interchange fees - the fees retailers pay banks to process card payments.
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#Psychology behind the unfunny #consequences of #jokes that denigrate

#Psychology behind the unfunny #consequences of #jokes that denigrate | Ethics? Rules? Cheating? | Scoop.it
Disparagement humor makes a punchline out of a marginalized group. Racist or sexist jokes, for instance, aren't just harmless fun – psychologists find they can foster discrimination.

Via Demarcio Washington
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Beauty Companies and the Struggle to Source Child Labour-Free Mica

Beauty Companies and the Struggle to Source Child Labour-Free Mica | Ethics? Rules? Cheating? | Scoop.it
Nearly a decade after child labour in mica mining came to light, the beauty industry’s progress on cleaning up its supply chain for the glittery mineral has been slow and tricky

Via Acquisti & Sostenibilità not-for-profit, Bart Haynes, The Planetary Archives / San Francisco, California
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US criticises EU tax probes ahead of Apple ruling - BBC News

US criticises EU tax probes ahead of Apple ruling - BBC News | Ethics? Rules? Cheating? | Scoop.it
The US Treasury Department has warned the European Commission about taking action against US companies over tax avoidance allegations.
The commission is investigating tax deals granted to US companies for setting up headquarters in Europe.
Next month the EU is expected to deliver its decision on Apple. The company could be hit with a multi-billion pound bill for unpaid taxes.
The commission said there was "no bias against US companies" in the probes.
In a report published on Wednesday, the US regulator said action by Brussels would make it into a "supra-national tax authority" overriding the tax codes of its member states.
It also said Brussels was using a different set of criteria to judge cases involving US companies, adding that potential penalties were "deeply troubling".
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Nearly 2,000 Pounds of Illegal Shark Fins Found in Cargo

Nearly 2,000 Pounds of Illegal Shark Fins Found in Cargo | Ethics? Rules? Cheating? | Scoop.it
In this week’s crime blotter: fins from Panama, ivory necklaces and bracelets, and 24 illegal logging suspects arrested.

Via PIRatE Lab
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Food fraud: How do we fight a problem we don’t yet understand?​​

Food fraud: How do we fight a problem we don’t yet understand?​​ | Ethics? Rules? Cheating? | Scoop.it

"A few years ago, federal food inspectors were walking around the warehouses of the Ontario Food Terminal in Toronto – the nerve centre where much of the province’s fresh produce is bought, re-packaged and sold – when they noticed something unusual.

In the “farmer’s market” area, where only Ontario-grown produce is meant to be sold, the inspectors saw large cartons of greenhouse peppers with conflicting labels. The outside of the boxes had “Product of Canada” stickers, next to visible signs of damage on the cardboard – bits of paper and glue, as if another sticker had been peeled off. And stickers on the inside of the box read “Product of Mexico.”"

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pdeppisch's comment, July 31, 1:27 PM
You think you are buying sole and you get tilapia etc, etc Did I ever mention that cheating was the bane of Humanity and that Hobbes correctly points out that man is at war with other men all of the time and a major way man does that is by cheating. Welcome to the real world. :(
malek's comment, July 31, 6:32 PM
you're right: pathetic side of humans
pdeppisch's comment, July 31, 10:30 PM
I believe in: "Keep trucking" because it is the only option. But a lot of good advice about "dream and it will happen" is utter f* bullshit. A lot of refugees dream and die in the process. A lot of people left England and Germany in the 18th and 19th century for America and some dies on the Atlantic and some died of cold and hunger and the Indians who we were in fact invading. They all had dreams. I look at the world and say yes - if life deals you bad - screw it and keep trucking. But also talent matters! Work hard - 10,000 hours and you too can be a genius is more f* bullshit. Talent matters a lot! And then there is luck! Luck matters.
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U.S. Charges Liberian Ship Management Company, Shipowner, and Three Engineering Officers with Environmental Crimes - gCaptain

U.S. Charges Liberian Ship Management Company, Shipowner, and Three Engineering Officers with Environmental Crimes - gCaptain | Ethics? Rules? Cheating? | Scoop.it
A federal grand jury in Charleston, South Carolina has returned an indictment charging Aegean Shipping Management S.A. and Aegeansun Gamma Inc. with obstruction of an agency proceeding, conspiracy and failing to keep accurate pollution control records, the Justice Department has announced. Three engineering officers were charged with related offenses.
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New Report: Gilead Sciences Price Gouger, Tax Dodger

New Report: Gilead Sciences Price Gouger, Tax Dodger | Ethics? Rules? Cheating? | Scoop.it

A new investigative report finds that in the last two years Gilead Sciences has raked in billions in profits from exorbitantly priced hepatitis C medications that were developed with taxpayer dollars, and then shifted those profits to offshore tax havens where it dodges U.S. taxes.

“Gilead is making a fortune selling essential drugs to the very government and taxpayers that helped pay to develop them, and then dodging taxes on the resulting profits,” said Americans for Tax Fairness Executive Director Frank Clemente. “Congress should stop this assault on the American people’s health and pocketbooks by curbing the company’s flagrant drug-price gouging and tax dodging.”


Via Svend Aage Christensen
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Why the Wells scandal matters so much | Brookings Institution

Why the Wells scandal matters so much | Brookings Institution | Ethics? Rules? Cheating? | Scoop.it

"Scandals in banking, finance, and housing rocked the world, causing a global financial meltdown and the Great Recession. While the economy and the financial sector eventually recovered, the fallout from the financial crisis kept the papers full of misdeeds and improper actions within finance. A certain numbness must have come over large sections of the public who could hardly muster shock anymore when this latest new scandal was uncovered at Wells Fargo."

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Scientists have been caught manipulating data too many times. They risk losing public trust

Scientists have been caught manipulating data too many times. They risk losing public trust | Ethics? Rules? Cheating? | Scoop.it
"When a measure becomes a target, it ceases to be a good measure." Sociologist Donald Campbell and economist Charles Goodhart reached this conclusion some 40 years ago, after analyzing the measures affecting their own professions. We've seen the Campbell and Goodhart law in action plenty of times. Bankers manipulated Libor, a benchmark for borrowing rates, to profit fro

Via CeLGyP
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The Inevitable Evolution of Bad Science

The Inevitable Evolution of Bad Science | Ethics? Rules? Cheating? | Scoop.it
The problem, as others have noted, is that what is good for individual scientists is not necessarily what is good for science as a whole. A scientist’s career currently depends on publishing as many papers as possible in the most prestigious possible journals. More than any other metric, that’s what gets them prestige, grants, and jobs.
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We Are Tired Of “These” Experts

We Are Tired Of “These” Experts | Ethics? Rules? Cheating? | Scoop.it
Perhaps one of the most famous Brexit phrases, “British people are tired of listening to experts’’, was uttered by Michael Gove in his response to Faisal Islam (Sky News), who warned about the negative economic impacts of Brexit.

Surveys have shown that the ‘leave vote’ was an overt expression of dissatisfaction with the current socio-economic condition in Britain, typified by rising inequality, a precarious jobs market, the lack of social mobility or effective redistribution.
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Airlines accused of charging too much for credit card payments - BBC News

Airlines accused of charging too much for credit card payments - BBC News | Ethics? Rules? Cheating? | Scoop.it
A consumer group is accusing airlines of charging passengers too much for paying with a credit card.
Fairer Finance (FF) says airlines like Flybe, Monarch and Ryanair may be in breach of rules which say the charges should only reflect genuine costs.
Flybe and Monarch are said to be the worst offenders, putting a surcharge of 3% on bookings.
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US bank Wells Fargo fined $185m for opening illegal accounts - BBC News

US bank Wells Fargo fined $185m for opening illegal accounts - BBC News | Ethics? Rules? Cheating? | Scoop.it
The US' biggest bank Wells Fargo has been fined $185m for illegally opening accounts to boost sales targets.
The cash will go to regulators while the bank will also hand back $5m to customers.
It was accused of "widespread illegal practice" around account openings, sales targets and compensation incentives.
"We regret instances where customers may have received a product that they did not request," the bank said.
The US Consumer Financial Protection Bureau (CSFB) announced the fine and said the bank must also hire an independent consultant for a review.
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Monica S Mcfeeters's curator insight, September 9, 2:01 PM
A win for consumers and a story of misused labor. Labor used illegal means to meet likely unrealistic quotas.
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Conservative media bias is inflating American climate denial and polarization | Dana Nuccitelli

Conservative media bias is inflating American climate denial and polarization | Dana Nuccitelli | Ethics? Rules? Cheating? | Scoop.it
New studies show that climate polarization is on the rise in the US; WSJ climate coverage is full of denial.
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Fuel economy: just two cars deliver advertised mileage, tests show

Fuel economy: just two cars deliver advertised mileage, tests show | Ethics? Rules? Cheating? | Scoop.it
Thousands of models are 30% worse on average when measuring miles per gallon in real-world conditions, according to comprehensive new data
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Dieselgate in Europe: How Officials Ignored Years of Emissions Evidence - SPIEGEL ONLINE

Dieselgate in Europe: How Officials Ignored Years of Emissions Evidence - SPIEGEL ONLINE | Ethics? Rules? Cheating? | Scoop.it
Managers at Volkswagen know with whom they have to maintain friendships. After the then EU Commissioner for Industry and Entrepreneurship Antonio Tajani paid a visit to the company in the spring of 2010, he received a package. "We hope to make you happy with this VfL Wolfsburg jersey signed by the players," the head of VW's Brussels office wrote deferentially.
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pdeppisch's comment, August 20, 7:18 PM
Not only Automakers. The EConomy is king and companies provide jobs so the politicians bend over backward to let companies destroy people and the planet. The worst is unemployment as in Great Depression - so - need jobs - who provides jobs - companies but then companies get to be huge / large / dominant and too large is always a problem. The system is wrong!
malek's comment, August 21, 8:35 AM
so true: Check engine light is on
pdeppisch's comment, August 21, 6:53 PM
LOL :)
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Police are Killing Native Americans at Higher Rate than Any Race, and Nobody is Talking About It

Police are Killing Native Americans at Higher Rate than Any Race, and Nobody is Talking About It | Ethics? Rules? Cheating? | Scoop.it
Americans are up in arms right now over the near epidemic number of deaths of African-American at the hands of police, and rightfully so. African-Americans make up only 13 percent of the population, yet they are the victims in 26 percent of all police shootings. That is nearly 3 times the rate of whites.

The outrage by the #Black Lives Matter movement is founded in statistical evidence which shows that the system inherently and with extreme bias disproportionately targets blacks.

That being said, there is one group who no one is talking about that is targeted more than everyone else. The racial group most likely to be killed by law enforcement is Native Americans. While Native Americans only make up 0.8 percent of the population, they make up 1.9 percent of all police killings.

Via The Planetary Archives / San Francisco, California
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The Planetary Archives / San Francisco, California's curator insight, July 27, 10:49 AM
Native  Americans are STILL the most persecuted people in all of the America's....
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Top HSBC manager charged in forex probe - BBC News

Top HSBC manager charged in forex probe - BBC News | Ethics? Rules? Cheating? | Scoop.it
A top HSBC executive has been charged with fraud in the US.
Mark Johnson, the company's global head of foreign exchange trading was arrested on Tuesday night and is due to appear in court later. A former colleague, Stuart Scott, has also been charged.
The two traders are accused by the US government of using inside information to profit from a $3.5bn (£2.6bn) currency deal.
HSBC has so far declined to comment.
The US Department of Justice (DoJ) accuses the traders of "front-running".
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The Dawes Act: How Congress tried to destroy Indian reservations | OUPblog

The Dawes Act: How Congress tried to destroy Indian reservations | OUPblog | Ethics? Rules? Cheating? | Scoop.it
How would you feel if the government confiscated your land, sold it to someone else, and tried to force you to change your way of life, all the while telling you it’s for your own good? That’s what Congress did to Indian tribes 125 years ago today when, with devastating results, it passed the Dawes Act.

Via JosBrad DrowningBear
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JosBrad DrowningBear's curator insight, July 18, 3:31 PM
Indian Territory in Lawmakers Hands
Terrance H BoothSr's curator insight, July 24, 3:36 PM
This will happen under Republican President turn red states blue turn out to vote see#NativeVote2016
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WWL to Pay Nearly $100 Million Criminal Fine Over Ro-Ro Price Fixing Scheme - gCaptain

WWL to Pay Nearly $100 Million Criminal Fine Over Ro-Ro Price Fixing Scheme - gCaptain | Ethics? Rules? Cheating? | Scoop.it

File photo: Wallenius Wilhelmsen


"July 14, 2016 by gCaptain

Norwegian shipping company Wallenius Wilhelmsen Logistics AS (WWL) has agreed to plead guilty and pay a $98.9 million criminal fine for its involvement in a conspiracy to fix prices of international ocean shipments of roll-on, roll-off cargo to and from the Port of Baltimore and other locations in the United States, the Department of Justice announced Wednesday."

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