Goldman Sachs Analyst: Internal Report
(ANTIMEDIA) — One of the most reviled companies in the United States recently gave Americans yet another reason to distrust their power: A recent #Goldman_Sachs report reveals the company questioning whether or not curing chronic illness is compatible with a sustainable business model.
In an internal report viewed by CNBC about the potential of the #biotech_industry and #gene_therapy titled “The Genome Revolution,” analysts asked: “Is curing patients a sustainable business model?” Continue reading “Curing Patients Not a Sustainable Medical Business Model”
By Jason Hickel and Martin Kirk
a capitalist rich wraps its tentacles so many sectors of society
In February, college sophomore Trevor Hill stood up during a televised town hall meeting in New York and posed a simple question to Nancy Pelosi, the leader of the Democrats in the House of Representatives. He cited a study by Harvard University showing that 51% of Americans between the ages of 18 and 29 no longer support the system of capitalism, and asked whether the Democrats could embrace this fast-changing reality and stake out a clearer contrast to right-wing economics.
Pelosi was visibly taken aback. “I thank you for your question,” she said, “but I’m sorry to say we’re capitalists, and that’s just the way it is.”
The footage went viral. It was powerful because of the clear contrast it set up. Trevor Hill is no hardened left-winger. He’s just your average millennial—bright, informed, curious about the world, and eager to imagine a better one. But Pelosi, a figurehead of establishment politics, refused to–or was just unable to–entertain his challenge to the status quo.
It’s not only young voters who feel this way. A YouGov poll in 2015 found that 64% of Britons believe that capitalism is unfair, that it makes inequality worse. Even in the U.S., it’s as high as 55%. In Germany, a solid 77% are skeptical of capitalism. Meanwhile, a full three-quarters of people in major capitalist economies believe that big businesses are basically corrupt. Continue reading “Are You Ready To Consider That Capitalism Is The Real Problem?”
(Natural News) The collapse of cryptocurrency is continuing apace, and yet there are still far too many people who continue to believe it really has a future. In recent days the U.S. Securities and Exchange Commission made a major move against cryptocurrency firms, issuing dozens of subpoenas — perhaps topping 100, some groups estimate — to companies that either conducted or advised on initial coin offerings, or ICOs, according to Simon Black for Sovereign Man.He added that readers of his are not surprised by that because, as he’s “long warned,” the ICO market is a scam and one of the largest bubbles he has ever seen.
He notes further:
A lot of people view ICOs as an asset class like stocks, bonds or real estate. But that couldn’t be further from the truth.
Initial coin offerings are simply a funding scheme. Companies looking to raise money will post a white paper on a website, post some pictures of their “C-suite executives,” and set up a Twitter account… that’s basically it.
The goal is to raise funds by issuing “tokens.” These tokens typically serve as pre-paid credits that can be used within the ecosystem of the company raising the funds. In other words, you’re not actually getting equity in the company… you’re buying a gift card.
“Think of it like the in-game credits you would buy (with real money) to get ahead in the old Facebook game Farmville. Outside of Farmville, those credits are worthless,” he added.
Black said that in the ICO markets investors are expected to pony up with almost no information and obvious, inherent risks to buying a prepaid service, often without fully evaluating whether there exists a legitimate secondary market for the purchased tokens.
Continue reading “Cryptocurrency schemes continue to unravel as nearly half of all ICOs from last year have already tanked”