Peter Thiel Calls Bitcoin ‘a Chinese Financial Weapon’ at Virtual Roundtable Bloomberg
China’s bitcoin mines could derail carbon neutrality goals, study says South China Morning Post
China weighs carrots and sticks in push to vaccinate millions Agence France Presse
China’s Film Authority Orders All Cinemas to Screen Propaganda Films at Least Twice a WeekVariety. In this country, we don’t need to be told!
Can Blood from Young People Slow Aging? Silicon Valley Has Bet Billions It Will Newsweek. Actual blood-sucking parasites! Intriguing!
New York Times, An Accidental Disclosure Exposes a $1 Billion Tax Fight With Bristol Myers:
The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes.
Almost nine years ago, Bristol Myers Squibb filed paperwork in Ireland to create a new offshore subsidiary. By moving Bristol Myers’s profits through the subsidiary, the American drugmaker could substantially reduce its U.S. tax bill.
Michelle Lyon Drumbl (Interim Dean, Washington & Lee), #Audited: Social Media and Tax Enforcement, 100 Or. L. Rev. ___ (2021):
With limited resources and a diminished budget, it is not surprising that the Internal Revenue Service would seek new tools to maximize its enforcement efficiency. Automation and technology provide new opportunities for the IRS, and in turn, present new concerns for taxpayers. In December 2018, the IRS signaled its interest in a tool to access publicly available social media profiles of individuals in order to “expedite IRS case resolution for existing compliance cases.” This has important implications for taxpayer privacy.
Moreover, the use of social media in tax enforcement may pose a particular harm to an especially vulnerable population: low-income taxpayers. Social science research shows us that the poor are already over-surveilled, and researchers have identified various ways in which algorithmic screening and data mining can result in discrimination. What, then, are the implications of social media mining in the context of tax enforcement, especially given that the IRS already audits the poor at a rate similar to which it audits the highest earning individuals? How can these concerns be reconciled with the need for tax enforcement?
Hacker Publishes Phone Numbers and Other Data of 533 Million Facebook Users for FreeGizmodo
MLK Was a Radical Who Hated Not Only Racial Subordination But Class Exploitation Jacobin
The Liberal Contempt for Martin Luther King’s Final Year Consortium News
Homes selling faster than ever even as prices rise to all-time highs Fox 5
How has the US pandemic response increasedc inequality? Look at New York’s nail salons4. MIT Technology of Review
Egalitarians are more aware of inequality Ars
Oh
(Majority of World’s Flights Taken by a Small Minority of Elite Travelers Treehugger
Amazon Workers Shouldn’t Have to Work This Hard to Win a Union Jacobin
An insider-trading indictment shows ties to Bloomberg News scoops Columbia Journalism Review
In apology, Amazon admits some drivers have to ‘pee in bottles’ Agence France-Presse
As Private Equity Comes to Dominate Autism Services… The Nation