In Chinese cities something wacky is always happening. Someone is screaming, backslapping, bumping fists, or screaming while backslapping and bumping fists. Interactions appear to be random, highly intense, and short in duration. The following interaction is more intense yet. It reminds me of that old Humphrey Bogart movie “Beat the Devil.”
At a four-star veterans’ hospital: Care gets ‘worse and worse’ Boston Globe
What not to do in a disaster BBC
Overseas landlords shun the UK, as tax changes bite
The Australian Taxation
Office aims to reduce the nation’s $2.5 billion tax gap
The secret history of the banking crisis Prospect
Liu Xiaobo – the quiet, determined teller of China’s inconvenient truths South China Morning Post
A whistleblower plays by the rules at CIA, and finds ‘nothing gets done’ McClatchy. Film at 11.
There is a crisis in America’s government-run crime labs—and it’s not just the result of a few rogue operators. The problem is long-festering and systemic.In April, Massachusetts state crime lab chemist Annie Dookhan made national headlines after investigations and lawsuits over her misconduct prompted the state’s Supreme Judicial Court to order the largest dismissal of criminal convictions in U.S. historyProsecutors were forced to dismiss a stunning 21,000-plus drug cases after Dookhan admitted to forging signatures, misleading investigators, and purposely contaminating drug samples en masse over nearly a decade
When it comes to big data, Longstaff said people working for any kind of organisation should use their “moral imagination” — a kind of empathy — to put aside their employer’s objectives and honestly consider what a regular person might think about what they are doing with data analytics
THIRTY-ONE years ago, The Economist created the Big Mac index as a way of gauging how different currencies stacked up against the dollar. The index is based on the theory of purchasing-power parity, the idea that in the long run, exchange rates should adjust so that the price of an identical basket of tradable goods is the same. Our basket contains one item, a Big Mac.
The latest version of the index shows, for example, that a Big Mac costs $5.30 in America, but just ¥380 ($3.36) in Japan. The Japanese yen is thus, by our meaty logic, 37% undervalued against the dollar.