Month: October 2019

Opinion: Conflict of interest poisons the field of cancer medicine. It is surely a calculated maneuver by the industry to increase its profits.

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via statnews: Americans are rightly furious about the high and unsustainable price of cancer drugs, which now routinely cost more than $100,000 per year of therapy. Those prices are made worse by the fact that most cancer drugs offer only modest benefits — one study put the median benefit at 2.1 extra months of life — along with the … Read more

‘When rising powers have suffered such slowdowns in the past, they became more repressive at home and more aggressive abroad. China seems to be headed down just such a path.’

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'When rising powers have suffered such slowdowns in the past, they became more repressive at home and more aggressive abroad. China seems to be headed down just such a path.' https://t.co/4wojaTsFZ2 — Jesse Felder (@jessefelder) October 30, 2019 The defining geopolitical story of our time is the slow death of U.S. hegemony in favor of … Read more

Largest privately owned US coal mining company files for bankruptcy protection

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Ohio-based Murray Energy filed for Chapter 11 bankruptcy joining a growing list of bankrupt or struggling miners as utilities switch away from coal. The company seeks to restructure nearly $3 billion in debt and obtained some $350 million in new loans to continue operating during the bankruptcy proceeding. Murray Energy was the country’s fourth largest … Read more

Dallas, Minneapolis, Chicago, Charlotte, Atlanta, Detroit, Cleveland: From Smaller Housing Bubbles to Crushed Markets

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Prices in red-hot Dallas slow. Chicago condos flat for the year. Formerly crushed Detroit up 100% in 7 years. Cleveland struggles out of crushed status. Yesterday, we did The Most Splendid Housing Bubbles in America — such as the San Francisco Bay Area, New York City metro, the Miami metro, Seattle, and other … Read more

The Political Parties and the Media Have Abandoned the Working “Middle Class”

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by Charles Hugh-Smith Where is the line between “working class” and “middle class”? Maybe there isn’t any. Defining the “middle class” has devolved to a pundit parlor game, so let’s get real for a moment (if we dare): the “middle class” is no longer defined by the traditional metrics of income or job type (blue collar, … Read more

Chinese Oil Giant Crashes On Abysmal Earnings Report

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By Tsvetana Paraskova Chinese oil and gas giant PetroChina reported on Wednesday a 58-percent plunge in its third-quarter profit as lower oil prices, fierce domestic fuel competition, and slowing gas demand growth weighed on earnings. PetroChina booked a net profit of US$1.25 billion (8.83 billion Chinese yuan) in Q3, down by 58.4 percent from the same period … Read more

Visualizing the Stages of Startup Funding

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by visualcapitalist About 1,500 new companies are founded every day. However, only a fraction of these entrepreneurial pursuits will eventually operate on a grand scale. With many of these companies propelled by venture capital funding, how do investors provide the cash—and get a piece of the startup pie? Pie in the Sky Today’s creative infographic from Fundera uses pie … Read more