The Fundamental Reality Of ‘Business Today’

Here’s the real nutshell issue with so-called “business today”:
Now, Uber has for the first time has acknowledged that Levandowski informed its now-departed CEO, Travis Kalanick, that he had five disks filled with Google’s information five months before joining Uber.
In other words the company recruited and hired this guy knowing he had stolen trade secret information from Google.
If you think this sort of event is isolated, it’s not.
Witness nearly one in four Medicaid recipients being prescribed opiods in the last 12 months. I remind you that a large percentage of Medicaid recipients are kids so the percentage of opiod abuse among adults funded through Medicaid is probably within spitting distance of half of all adult recipients. Do you really think the pharma companies and doctors don’t know this? Of course they do, but they worked mightily to conceal it because they also know damn well that their lives will be upended if it comes to light. Then the truth eventually does come out and what is the reaction? A few lawsuits aimed at some pharmaceutical companies instead of indictments for drug pushing, 20,000 dead people a year be damned.

This post was published at Market-Ticker on 2017-06-23.