Avert your eyes! My Sunday morning take a look at incompetency, corruption and coverage failures:
• We purchased every thing wanted to make $3 million value of fentanyl. All it took was $3,600 and an online browser. On the faucet of a purchaser’s smartphone, Chinese language chemical sellers will air-ship fentanyl components door-to-door to North America. Reuters bought sufficient to make 3 million drugs. Such offers are astonishingly simple – and reveal how drug traffickers are eluding efforts to halt the lethal commerce behind the fentanyl disaster. (Reuters)
• Contained in the Harvard Enterprise College Ponzi Scheme: He had a profitable Wall Avenue profession. Why would he con his classmates? (New York Journal)
• Why many nonprofit (wink, wink) hospitals are rolling in cash: Authorized maneuvering, business lobbying and lax IRS oversight depart plenty of room for “working surpluses.” (Washington Submit) see additionally Extra of Your Tax {Dollars} Are Going to Enrich Non-public Well being Insurers Than Assist Ukraine: Defend Itself Huge insurance coverage has put conventional Medicare, which turns 59 subsequent week, at an enormous drawback. (Well being Care Un-Lined)
• Tech Jobs Preserve Transferring Out of California. (Don’t Panic But). The state’s share of US know-how employment is nearing an all-time low, however world enterprise capital continues to be flowing in at a wholesome tempo. (Bloomberg)
• Why massively worthwhile firms received’t spend sufficient to maintain hackers from stealing your non-public data: But in company America, cybersecurity has been an afterthought, if it receives any thought in any respect. “These firms in some unspecified time in the future determine that it’s actually costly to care much more about safety when there actually aren’t plenty of penalties for screwing it up,” Krebs advised me. “You would possibly get sued or should pay just a few hundred million {dollars} in fines, however these are rounding errors on their income.” (Los Angeles Occasions)
• The Zombie Mall King Doesn’t Wish to Be a Backside-Feeder Ceaselessly: Jamie Salter has purchased and revived dozens of bankrupt retailers from Barneys to Brooks Brothers. Now he’s going after greater sport. (Businessweek)
• Federal regulators step up their marketing campaign in opposition to predatory payday lenders and their rip-offs: Mick Mulvaney “unwound years of cautious CFPB work — all to profit an business that has shut ties to Mr. Mulvaney and that has contributed greater than $60,000 to his political campaigns.” (Los Angeles Occasions)
• 99 years after the Scopes ‘monkey trial,’ spiritual fundamentalism nonetheless infects our faculties. Nobody bothered to prepare an opposition. There was no legislative debate. The lawmakers assumed that Gov. Austin Peay would merely veto the invoice. The president of the College of Tennessee disdained it, however stored mum as a result of he didn’t need the problem to complicate a plan for college funding then earlier than the Legislature. Peay signed the invoice, asserting that it was an innocuous regulation that wouldn’t intervene with something being taught within the state’s faculties. The regulation “most likely … won’t ever be utilized,” he stated. Bryan, who permitted of the regulation as a symbolic assertion of non secular precept, had suggested legislators to depart out any penalty for violation, lest or not it’s declared unconstitutional. (Los Angeles Occasions)
• Don’t Take Trump’s Phrase for It. Examine the Knowledge. Now that the uncertainty round Mr. Biden’s candidacy has been resolved, the marketing campaign will start anew. With Mr. Trump certain to ratchet up his falsehood-laden rhetoric, it’s an excellent time to overview his latest document of dishonesty. (New York Occasions) see additionally Trump allies crush misinformation analysis regardless of Supreme Court docket loss: Excessive court docket ruling green-lighting contact between authorities and tech firms to stymie falsehoods on-line hasn’t deterred a GOP marketing campaign in opposition to teachers, nonprofits and tech business initiatives geared toward addressing their unfold. (Washington Submit)
• Accused of abuse — and again within the health club: Gymnastics promised a reckoning, however coaches who confronted allegations stay within the sport. Athletes say the reality of what occurred in a single prime health club nonetheless hasn’t been advised. (Washington Submit)
You should definitely try our Masters in Enterprise subsequent week with Natalie Wolfsen, CEO of Orion. The agency’s platform hosts 6 million accounts valued at $4.1 trillion {dollars}. She got here to Orion ‘23 as CEO of AssetMark. She was named to 2024 Barron’s 100 Most Influential Ladies in U.S. Finance.