10 Sunday Reads – The Large Image

10 Sunday Reads – The Large Image

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Avert your eyes! My Sunday morning have a look at incompetency, corruption and coverage failures:

We purchased every part wanted to make $3 million value of fentanyl. All it took was $3,600 and an internet 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 straightforward – 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 Road profession. Why would he con his classmates? (New York Journal)

Why many nonprofit (wink, wink) hospitals are rolling in cash: Authorized maneuvering, trade lobbying and lax IRS oversight go away numerous room for “working surpluses.” (Washington Submit) see additionally Extra of Your Tax {Dollars} Are Going to Enrich Personal Well being Insurers Than Assist Ukraine: Defend Itself Large insurance coverage has put conventional Medicare, which turns 59 subsequent week, at an enormous drawback. (Well being Care Un-Coated)

Tech Jobs Preserve Transferring Out of California. (Don’t Panic But). The state’s share of US expertise employment is nearing an all-time low, however international enterprise capital remains 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 information: But in company America, cybersecurity has been an afterthought, if it receives any thought in any respect. “These corporations sooner or later resolve that it’s actually costly to care much more about safety when there actually aren’t quite a lot of penalties for screwing it up,” Krebs informed me. “You would possibly get sued or must pay a couple of hundred million {dollars} in fines, however these are rounding errors on their income.” (Los Angeles Instances)

The Zombie Mall King Doesn’t Wish to Be a Backside-Feeder Endlessly: Jamie Salter has purchased and revived dozens of bankrupt retailers from Barneys to Brooks Brothers. Now he’s going after larger recreation. (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 trade that has shut ties to Mr. Mulvaney and that has contributed greater than $60,000 to his political campaigns.” (Los Angeles Instances)

99 years after the Scopes ‘monkey trial,’ non secular fundamentalism nonetheless infects our colleges. 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 difficulty 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 intrude with something being taught within the state’s colleges. The regulation “most likely … won’t ever be utilized,” he mentioned. Bryan, who authorized 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 Instances)

Don’t Take Trump’s Phrase for It. Examine the Information. 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 a great time to overview his current file of dishonesty. (New York Instances) see additionally Trump allies crush misinformation analysis regardless of Supreme Courtroom loss: Excessive court docket ruling green-lighting contact between authorities and tech corporations to stymie falsehoods on-line hasn’t deterred a GOP marketing campaign in opposition to teachers, nonprofits and tech trade initiatives aimed toward addressing their unfold. (Washington Submit)

Accused of abuse — and again within the gymnasium: Gymnastics promised a reckoning, however coaches who confronted allegations stay within the sport. Athletes say the reality of what occurred in a single prime gymnasium nonetheless hasn’t been informed. (Washington Submit)

Be sure you take a look at 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.

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