Thursday, December 17, 2015

Bloomberg: Price Gouging Pharma CEO Shrekli Arrested on Securities Fraud Charges

by Nomad

It was really only a matter of time before Martin Shrekli's wings were clipped. And nobody's crying for him.


From the "it couldn't happen to a nicer guy" files...

This year, Turing Pharmaceuticals AG, CEO Martin Shkreli outraged the public sensibilities by raising the price of a HIV treatment drug from $13.50 to $750. 

Shrekli initially scoffed at the firestorm against the decision. He took to Twitter and other social media to essentially give the middle finger to anybody that criticized him.
When the controversy grew louder, he vowed to lower the price. However, it was later reported that he had failed to do so. His critics- which ended up being most of the nation-claimed that Shrekli had never had any intention of lower pricing at all but it was just a ploy to quell the growing public anger at both his greed and arrogance.

It soon became part of the political debate. A spokesman for Democratic candidate Bernie Sanders returned campaign donations from the CEO saying they could not accept to money “from this poster boy for drug company greed.”
Donald Trump - of all people- called Shrekli a "spoiled brat."

Wednesday, December 16, 2015

Horny Moses: Why Biblical Literalists Really Have Some Explaining to Do

by Nomad

When people say they believe every word of the Bible, they may not know very much about the history of the sacred text they claim as the direct word of God. 


As Moses climbed down from the mountaintop with his ten commandments, the amazed Israelites noticed a great change in his appearance. The question is: did Moses have newly white hair? Or did he had a pair of horns on his forehead?

The answer to that depended on which period of history you lived in. For most of us, it's not a subject we would normally dwell on. But those who claim the Bible is the infallible Word of God, the question presents some thorny problems.

Moses with Horns

Above is a detail photo of a statue from the end of the Middle Ages. This statue of Moses was sculpted by Michelangelo between the years 1513–1515. Today, it sits in the church of San Pietro in Vincoli in Rome.

You might see something a bit peculiar if you study the photo closely. Along with his flowing beard and tablets in his arms, the Prophet Moses has a pair of goatish horns on his head.
One could be forgiven for thinking that Michelangelo was shooting at a statue of Lucifer.
But no, that's the Hebrew lawgiver Michelangelo carved.

Friday, December 11, 2015

Russian Sanctions on Turkish Fabric Imports Halt Production of Anti-Turkish T-Shirts

by Nomad

With relations between Turkey and Russia at an all-time low, T-shirt designers in Russia are learning about the peculiar twists of globalization.

In need of a good irony fix? Well, Nomad does house calls!

You may have heard about the falling out between Russia and Turkey after the downing of a Russian bomber which had likely violated Turkish airspace for all of 17 seconds. One pilot was killed by rebels conducting target practice on parachuting Russians. 

Both sides had their own versions of what happened and things got meaner and nastier. A "stab in the back" was how the clearly-flustered Putin put it. Erdogan claimed to right to defend his national airspace.

Tit for tat snipes quickly were followed by the imposition of trade sanctions.
That's no small matter either.
In 2014, trade between the two countries amounted to $31 billion, and in the first nine months of 2015, to $18.1 billion. Turkey Russia’s eighth largest trading partner, while Russia is Turkey’s second largest trading partner, after the European Union. For different reasons, both economically-troubled nations do not need this hiccup.

Thursday, December 10, 2015

The Re-Greening of the African Continent: How African Leaders Came Together to Save the Planet

by Nomad

African leaders recently announced a new regional initiative to tackle one of the world's more important environmental threats.


During the recent Climate Summit 2015 in Paris, leaders from ten African nations came together to launch an initiative aimed at restoring 100 million hectares or about 400 thousand square miles of degraded or deforested land.

Countries that have agreed to join the AFR100 initiative include:

• Democratic Republic of Congo | 8 million hectares
• Ethiopia | 15 million hectares
• Kenya | Committed, but finalizing hectare target
• Liberia | 1 million hectares
• Madagascar | Committed, but finalizing hectare target
• Malawi | Committed, but finalizing hectare target
• Niger | 3.2 million hectares
• Rwanda | 2 million hectares
• Togo | Committed, but finalizing hectare target
• Uganda | 2.5 million hectares

The project, AFR100 (African Forest Landscape Restoration Initiative) has been endorsed by the African Union and its promoters hope to reach this goal by 2030.  

One billion dollars in development finance and more than $540 million in private sector impact investment has been earmarked to support the restoration.
The announcement was made during the Global Landscapes Forum at the Conference of Parties (COP21) in Paris, where forest landscape restoration is a key ingredient of the global movement to adapt to and mitigate climate change. Commitments made through AFR100 build on significant climate pledges made by many African countries to support a binding global climate agreement.
The threat is immense, endangering not merely people and wildlife in the region, but the entire planet.