It’s been barely two months since the Madoff Five—the only employees of Bernard L. Madoff who have been convicted of crimes at trial—began serving their prison terms. The government’s chief turncoat in the case was Frank DiPascali, Jr., Madoff’s right hand man. He was scheduled to be sentenced this September […]
Self-interest has always been a primary tenet of capitalism. As Adam Smith famously wrote, “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.” Private interest, in the aggregate, is often a public good. Yet […]
Lesser punishments will make cheating endemic in the NFL
InsightSquared, Paxata, Trifacta, Cloudera, Birst, Sumo Logic, Gainsight, Google, Ayasdi and Visier are the most recommended big data and business analytics companies by employees to friends. These and other insights are from an analysis completed today comparing Glassdoor ratings by the companies listed in the latest Computer Reseller News Big Data […]
The 1902 eruption of Mount Pelée showed geologists that lava isn’t the only way a volcano can wreak havoc.
The recent devastating earthquake in Nepal has destroyed thousands of lives. Over 7,000 people were killed, and over 250 000 have lost everything: houses, livelihoods. Millions more have lost friends and families and are in need of basic assistance like food. When a major disaster hits, people instinctively want to help. […]
Brad Delong’s “comment of the day” presents a defense of teachers unions you often hear: Massachusetts has unions and good schools, so unions actually make schools better. Here’s the relevant parts of the quote: “I suspect the positive aspect of having highly unionized teachers is that they are better […]
Colombia to halt use of controversial herbicide glyphosate in a US-sponsored coca eradication programmes because of health concerns.
Scotch whisky producers are putting up a spirited defence against imitators in a bid to protect the industry.