August 26, 2016
The case for a U.S. interest rate hike has strengthened in recent months, Federal Reserve Chair Janet Yellen said on Friday in a speech that left the door open for such a move as early as next month. Yellen, speaking at an international gathering of central bankers and academics in Jackson Hole, Wyoming, did not say when the U.S. central bank would raise borrowing costs, and investors remained skeptical that such a move was imminent. But...
August 26, 2016
If there was ever an example of how economic incentives can warp the institutions of justice, local jails are it. At this very moment, nearly 450,000 Americans are sitting in county jails not because they’ve been charged with a crime, but because they simply don’t have enough money to post bail. And according to a new study, America’s money bail system isn’t just unconstitutional—it’s a fundamental...
August 25, 2016
U.S. Vice President Joe Biden said on Thursday he expected the military prison in Guantanamo Bay, Cuba, would close before President Barack Obama leaves office in January. "That is my hope and expectation," he told a news conference in Sweden. The White House has been trying to close the facility since Obama took office but has been stymied by opposition in Congress.
August 25, 2016
Mylan NV (MYL.O) said on Thursday it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount program, a day after Democratic Presidential candidate Hillary Clinton joined lawmakers in criticizing the drug's high price. The company, which did not lower the drug's list price, said it would reduce the patient cost of EpiPen through the use of a savings card, which will cover up to $300 of EpiPen 2-...
August 24, 2016
·     Death toll in Italian earthquake rises to 73 At least 73 people have died in an earthquake which devastated a string of small towns in central Italy in the early hours of Wednesday, the civil protection department said. The quake struck when most residents were asleep, razing homes and buckling roads in a cluster of communities some 140 km (85 miles) east of Rome.
August 24, 2016
America is only middle-of-the-road when it comes to innovation for dollar spent. Drug pricing in America has gained a lot of attention recently, with the price tags of everything from new cancer medicines to EpiPens skyrocketing. Many have wondered: Is it fair to make life-saving drugs so costly? The classic argument for high drug prices is that it’s remuneration for the fact that pharmaceutical discovery is a...
August 23, 2016
In the mythical Land of Theory, where everything ‘just works’, we can connect all the objects in our lives. We have the sensors, the wireless networks, and the computing power, but progress is slow if not comically wrong. Why? It was twenty years ago this month that the cover of the adorably geeky Boardwatch Magazine, a journal dedicated to the world of Bulletin Board Systems (BBS, remember them?), featured bearded professor...
August 23, 2016
Debbie Wasserman Schultz drinks coffee next to cans of Cutter mosquito repellent that is being distributed to combat possible infection from the Zika virus in Miami Beach, Florida, 
August 22, 2016
In the summer of 1972, state-of-the-art campaign spying consisted of amateur burglars, armed with duct tape and microphones, penetrating the headquarters of the Democratic National Committee. Today, amateur burglars have been replaced by cyberspies, who penetrated the DNC armed with computers and sophisticated hacking tools.  Where the Watergate burglars came away empty-handed and in handcuffs, the modern- day cyber thieves walked...
August 22, 2016
Billionaire Chuck Feeney, who made his massive fortune in duty-free shopping, declared in 2000 that his charity fund, Atlantic Philanthropies, would close by 2020. The foundation, which has had major programs in Bermuda, the United States, Ireland, Northern Ireland, South Africa, Vietnam, and Australia, has closed in all but the first three, with Ireland soon to follow—it is scheduled to close on the last day of 2016. The...


Off the Wires

August 26, 2016
The case for a U.S. interest rate hike has strengthened in recent months, Federal Reserve Chair Janet Yellen said on Friday in a speech that left...
August 25, 2016
U.S. Vice President Joe Biden said on Thursday he expected the military prison in Guantanamo Bay, Cuba, would close before President Barack Obama...
August 24, 2016
·     Death toll in Italian earthquake rises to 73 At least 73 people have died in an earthquake which devastated a string of...
August 23, 2016
Debbie Wasserman Schultz drinks coffee next to cans of Cutter mosquito repellent that is being distributed to combat possible infection from the...
August 22, 2016
In the summer of 1972, state-of-the-art campaign spying consisted of amateur burglars, armed with duct tape and microphones, penetrating the...

Value Blog

August 26, 2016
If there was ever an example of how economic incentives can warp the institutions of justice, local jails are it. At this very moment, nearly 450...
August 25, 2016
Mylan NV (MYL.O) said on Thursday it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount program, a day...
August 24, 2016
America is only middle-of-the-road when it comes to innovation for dollar spent. Drug pricing in America has gained a lot of attention recently,...
August 23, 2016
In the mythical Land of Theory, where everything ‘just works’, we can connect all the objects in our lives. We have the sensors, the...
August 22, 2016
Billionaire Chuck Feeney, who made his massive fortune in duty-free shopping, declared in 2000 that his charity fund, Atlantic...

Altruism Today

August 26, 2016
The Baltimore Police Department was able to keep secret the funding for a surveillance plane that monitored wide swaths of the city by routing...
August 25, 2016
Aubrey McClendon was a major benefactor to the North Carolina school his wife, his children and he attended. Over $20 million in gifts supported...
August 24, 2016
America’s poorest are still dealing with the consequences of the legislation that Bill Clinton signed into law two decades ago today. As...
August 23, 2016
Microfinance is making India’s big banks look bad. Small lenders that help the poor buy everything from bicycles to sewing machines are back...
August 22, 2016
The San Juan River is one of the most sacred and agriculturally important areas to the Navajo Nation. It’s also the site of a three-million-...

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Value is the only commonality in an increasingly complex, challenging and interdependent world.
Laurance Allen: Editor + Publisher