Chronic

Photo by Dhiraj Singh/Bloomberg via Getty For big pharma, the perfect patient is wealthy, permanently ill and a daily pill-popper. Will medicine ever recover? by Clayton Dalton is a medical resident at the Massachusetts General Hospital in Boston. He attended medical school at Columbia University. Edited by Pam Weintraub Just a few years ago, infection with the hepatitis C virus guaranteed a slow and certain death for many. Available treatments were effective in about half of all patients, and the side effects could be awful. Things changed in 2014, when a new medication called Harvoni was approved to treat the infection. With … Continue reading Chronic

Corporate crime: Five biggest financial scams of all time

image edited by Fernando Kaskais Cast member Norbert Leo Butz, depicting former Enron president Jeffrey Skilling, performs during a dress rehearsal of the play “Enron” in New York © Lucas Jackson / Reuters When it comes to big money there’s a whole lot of room for screw-ups, cover-ups and everything in between. The business world is no stranger to scandal with many wheeler dealers ready to gain at other people’s expense. Money managers, chief executives, lawyers… some are dead or in jail, others doing just fine, after masterminding white collar crimes amounting to billions of dollars. Let’s have a look … Continue reading Corporate crime: Five biggest financial scams of all time

How the Diderot Effect explains why you buy things you don’t need

Dennis Diderot as he probably looked during his brief stint in the middle class. by SCOTTY HENDRICKS In 1765, Russian Empress Catherine the Great heard that the philosopher Dennis Diderot was in dire need of money. As a well-known patron of the arts, sciences, and Enlightenment philosophers, she immediately purchased his entire library. She directed him to keep it at his home and hired him as her librarian with 25 years of salary upfront. Diderot, whose finances had never been sound, proceeded to use some of the money to buy a very lovely scarlet robe. This is where his troubles began. … Continue reading How the Diderot Effect explains why you buy things you don’t need

WHO OWNS DISEASES?

by Jon Rappoport, Guest Waking Times —All right, look, here’s what we’ll do. We’ll take a few general symptoms like fatigue, fever, and swelling, and we’ll invent one new disease label that covers them. We’ll say this is a specific new disease and we’re looking for the cause. Of course, there is no single cause because this isn’t a single disease. It’s a vague generality. But since we control the disease label, the name, we can convince everyone that this is a specific and real disease. It’s a total con, but we can sell it— Over the years, my readers have seen … Continue reading WHO OWNS DISEASES?

When – and why – did people first start using money?

Ancient coins from the Phoenician port city of Sidonia. Image: cgb via Wikimedia by CHAPURUKHA KUSIMBA Sometimes you run across a grimy, tattered dollar bill that seems like it’s been around since the beginning of time. Assuredly it hasn’t, but the history of human beings using cash currency does go back a long time – 40,000 years. Scientists have tracked exchange and trade through the archaeological record, starting in Upper Paleolithic when groups of hunters traded for the best flint weapons and other tools. First, people bartered, making direct deals between two parties of desirable objects. Money came a bit later. Its form has evolved … Continue reading When – and why – did people first start using money?

You Are Not What You Earn

Walter Gay, November (1885) A fundamental belief of the modern world, which explains a lot of our anxiety around failure, is that we are what we earn. When we say this, we mean something very particular: not just that it’s nice to have a lot of money but that our income is the source of information, crucial, decisive information, about our character, our intelligence, our moral fibre: in short, money is the key indicator of our worth in human and not just financial terms. The more money we make, the more we deserve to exist. By extension, it feels impossible to imagine … Continue reading You Are Not What You Earn

The stress around money is damaging to our health. How do we stop it?

As the world economy struggles to overcome a recession, a woman takes a smoke break outside the New York Stock Exchange in the heart of New York’s financial district on Wall Street on April 8, 2009 in New York City. (Photo by Jeff Hutchens/Edit by Getty I  by DEREK BERES Inspirational quotes about choosing to focus on the important things in life—family, friends, loved ones, health—are not hard to find. Plug any number of hashtags into Instagram and a list of empowering memes informs you that money is not the be-all or end-all of existence. Of course, we’re humans. The hashtag … Continue reading The stress around money is damaging to our health. How do we stop it?