311–320 of 533 posts
Earlier quoted context omitted.
That mid level DoD employee should get a bonus, a promotion, and a medal.
How about Tyler Shultz? The main whistleblower and grandson of George Shultz. He was working at Theranos and realized they were a giant fraud. He lost his job, was harassed by lawyers, he and his parents almost had to sell their house to pay legal fees, his grandfather wouldn't speak to him anymore, etc.
Excellent news for American society. “The Chickenshit Club” by Eisinger recently explained why the lack of criminal charges had emboldened white collar crime. Basically, individuals need to have the risk of criminal charges if they do something very egregious - they need to have skin in the game. The US Justice Dept has in the past two decades largely only been fining corporations. And so companies estimate risk and…
Even speeding tickets or anything most normal people would find a burden are nothing to super rich. But making few days in jail mandatory is a major deterrent. Then again even people texting and driving are not swayed by fines. In my region of the world a $3,000 fine is not a deterrent to many people. I say jail time would change that attitude.
Excellent news for American society. “The Chickenshit Club” by Eisinger recently explained why the lack of criminal charges had emboldened white collar crime. Basically, individuals need to have the risk of criminal charges if they do something very egregious - they need to have skin in the game. The US Justice Dept has in the past two decades largely only been fining corporations. And so companies estimate risk and…
Even speeding tickets or anything most normal people would find a burden are nothing to super rich. But making few days in jail mandatory is a major deterrent. Then again even people texting and driving are not swayed by fines. In my region of the world a $3,000 fine is not a deterrent to many people. I say jail time would change that attitude.
Theranos / Holmes, also demonstrated how superficial, almost down to malpractice current so called journalism is. Complete lack of analysis, expertise in the fields they are covering, and clear initial non-biased position. Instead, we get this flood propaganda + sensationalism garbage from these so called 'reputable' news sources. And, as a consequence, con-artists, career politicians, and 'celebrities' -- leverage t…
Back in 2006-7 I attended a conference where there was a big panel on what the future of news was going to look like. Lots of newspapers were shutting down. They made 3 predictions - news would be replaced with pandering to the lowest common denominator in the arms race for eyeballs, ads and marketing content looking like news(fake news) would exponentially increase, real journalists would be replaced by the talking head/oped class.
They concluded that the only way out, was to hope that revenue generated from the transition from print to digital/mobile would prevent these three things happening.
Its been a decade now and that transition is more or less complete and many have figured out how to stay afloat and yet all three predictions seem to have come true.
Does anybody know if Theranos got started with at least an idea how to accomplish what they wanted to do? From what I have heard in interviews they started with the thought "Doing xxx would be super useful" but didn't have an approach for accomplishing this but instead took in money and tried to figure it out. It's like me saying "An antimatter drive would revolutionize space exploration" and starting to collect mone…
Abbott sells microfluidic hand-held blood test machines right now.[1] "Just two drops of blood". These have been around since 2006. So it's possible to do this. [1] https://www.pointofcare.abbott/us/en/offerings/istat/istat-h...
Earlier quoted context omitted.
How about Tyler Shultz? The main whistleblower and grandson of George Shultz. He was working at Theranos and realized they were a giant fraud. He lost his job, was harassed by lawyers, he and his parents almost had to sell their house to pay legal fees, his grandfather wouldn't speak to him anymore, etc.
Basically the gov't employee, son, and likely others we don't know about lost their jobs and even blacklisted. I say 90% of VC back companies are blowing smoke to the endpoint investor, public and consumer. 100% of those companies have miracle products that scale forever and work... In 1 specific ise case: the demo booth. They oversell. I see 2 out of 10 startups bring a viable product to the global 2000 table. Space…
I don't think that is their literal message and goal. SpaceX's real mission is to innovate space travel which they've been capable of doing and have demonstrated with clear achievements.
SpaceX's revenue is in the billions and is very close to profitable. It most likely would be profitable if it wasn't constantly spending money to expand like Amazon in its early years.
Excellent news for American society. “The Chickenshit Club” by Eisinger recently explained why the lack of criminal charges had emboldened white collar crime. Basically, individuals need to have the risk of criminal charges if they do something very egregious - they need to have skin in the game. The US Justice Dept has in the past two decades largely only been fining corporations. And so companies estimate risk and…
Even speeding tickets or anything most normal people would find a burden are nothing to super rich. But making few days in jail mandatory is a major deterrent. Then again even people texting and driving are not swayed by fines. In my region of the world a $3,000 fine is not a deterrent to many people. I say jail time would change that attitude.
Earlier quoted context omitted.
Are there still functional political machines in the US? The Chicago machine survived the 40's but was killed by the Shakman Decrees 20 years ago. (There's still a formidable political party to be sure and a bit of graft wouldn't surprise me, but it seems almost sarcastic to compare that to eg the New Deal political machine, or the Chicago machine of ol'.)
> Are there still functional political machines in the US? Rahm Emanuel, Michael Madigan, and Lisa Madigan come to mind.
Excellent news for American society. “The Chickenshit Club” by Eisinger recently explained why the lack of criminal charges had emboldened white collar crime. Basically, individuals need to have the risk of criminal charges if they do something very egregious - they need to have skin in the game. The US Justice Dept has in the past two decades largely only been fining corporations. And so companies estimate risk and…
Many people on HN and outside "predicted" that criminal charges will follow FTC case, that was no-brainer. But not many know that what truly made it unable for DOJ to "turn the blind eye on", is that many medical decision on real-life patients has been made mostly based on results from Theranos devices that had been wrong so many times. At least 4 times I wrote about Holmes being charged by DOJ on HN -- now I predict…