Avert your eyes! My Sunday morning take a look at incompetency, corruption and coverage failures:
• Was This $100 Billion Deal the Worst Merger Ever? At Time Warner, executives noticed AT&T as only a “large cellphone firm from Texas.” At AT&T, they thought Hollywood would play by their guidelines. That mixture led to strategic miscalculation unequalled in current company historical past. (New York Occasions)
• Qatar’s World Cup is an unparalleled shame: There’s actually just one story at this World Cup. (SFGate) see additionally The Qatar World Cup Exposes Soccer’s Disgrace: The absurd spectacle of a tiny Gulf petrostate internet hosting the world’s premier event reveals the ugly facet of “the gorgeous sport.” (The Atlantic)
• The Worst Bond Market Ever: By historical past’s requirements, shares haven’t carried out too badly, however bonds actually have. (Morningstar)
• Tax submitting web sites have been sending customers’ monetary data to Fb: The Markup discovered providers together with TaxAct, TaxSlayer, and H&R Block sending delicate information. (Verge)
• How Faculties and Sports activities-Betting Corporations ‘Caesarized’ Campus Life: So as to reap tens of millions of {dollars} in charges, universities are partnering with betting firms to introduce their college students and sports activities followers to on-line playing. (New York Occasions) see additionally Cigars, Booze, Cash: How a Lobbying Blitz Made Sports activities Betting Ubiquitous. The playing trade and its allies acquired their manner with lawmakers after showering them with donations, presents and doubtful arguments (New York Occasions)
• Stephen Diehl: Crypto is the ‘commoditisation of populist anger, playing and crime’ The software program engineer has denounced crypto belongings as autos for pure hypothesis. However his views have made him a goal of harassment — together with dying threats. (Monetary Occasions)
• How Banks and Non-public Fairness Money In When Sufferers Can’t Pay Their Medical Payments: As People are overwhelmed with medical payments, affected person financing is now a multibillion-dollar enterprise, with personal fairness and large banks lined as much as money in when sufferers and their households can’t pay for care. By one estimate from analysis agency IBISWorld, revenue margins high 29% within the affected person financing trade, seven instances what is taken into account a strong hospital margin. (KHN)
• How Jessica Logan’s Name for Assist Turned Proof Towards Her: After her child died within the evening, a younger mom referred to as 911. Police thought they may learn her thoughts simply by listening.Now she’s haunted by the phrases she selected. (ProPublica) see additionally They Referred to as Him a Gangster Out for Revenge. The Proof? 6 Textual content Messages. A murder-conspiracy case in northwestern England tells the story of Britain’s crackdown on gangs, which disproportionately targets younger Black males. (New York Occasions)
• From Twitter to Terrorism, the Far Proper Isn’t Taking No For an Reply: America’s Rejected the Far Proper Democratically — So Now It’s Making an attempt to Take Society by Drive. (Eudaimonia)
• How Iran’s safety forces use rape to quell protests: Covert testimonies reveal sexual assaults on female and male activists as a women-led rebellion spreads. (CNN)
Remember to take a look at our Masters in Enterprise interview this weekend for a stay interview at Bloomberg Make investments with Boaz Weinstein of Saba Capital discussing “Whales, Tails & Fails.”
Theranos: The rise and fall of an organization that promised to vary the world
Supply: Chartr
Join our reads-only mailing listing right here.
~~~
To find out how these reads are assembled every day, please see this.
