488 karma · joined August 19, 2014
A much simpler and better solution is to not extend copyright to 120 years or whatever the hell it is now [1] (Thanks, Disney!). Twenty years or so should be plenty for all artistic works.
[1] https://en.wikipedia.org/wiki/Copyright_law_of_the_United_St...
[1] https://en.wikipedia.org/wiki/Pyrimethamine
Edit: I noticed that paulmd, further down, explained why this is important. I didn't realize the rules were this stupid. The FDA should be able to force companies to make their product available for comparison testing. It's insane that it isn't the case.
Alternatively, everyone could be adults and settle for a smaller, much more reasonable amount proportional to harm. Especially considering the company wasn't really harmed substantially by this since he did have access, just not on that machine.
"Because it's there. Everest is the highest mountain in the world, and no man has reached its summit. Its existence is a challenge. The answer is instinctive, a part, I suppose, of man's desire to conquer the universe." - George Mallory
That being said, these PD-1 inhibitors are a huge breakthrough for any type of cancer that uses this mechanism to evade the immune system. One of the hallmarks of cancer cell growth is their ability to evade the immune system. PD-1 (programmed cell death 1) is a receptor on immune cells like T cells that tells these immune cells to "stand down"/go inactive. Some types of cancer secrete molecules that activate this receptor, inhibiting the immune cells. Drugs like Nivolumab block these receptors, keeping the immune cells active, allowing them to attack cancer cells when they encounter them.
Metastisis (cancer cells spreading around the body) is what kills cancer patients, and drug strategies that can keep this from happening are key to keeping people alive. (Re-)activating the immune system against the cancer cells is a great strategy that's had some recent breakthroughs. Another recent breakthrough method, called CAR-T cell therapy (chimeric antigen receptor t-cells) also activates the immune system against cancer. In that case, they take immune cells out of the cancer patients body, use gene therapy to inject genetic material needed by the cells to recognize cancer cells, then grow those cell and re-inject them back to the body. This has been wildly successful in certain types of cancer, like certain leukemias and lymphomas, and may be successful for other types. Here is a nice article that covers these general strategies for those interested: http://www.forbes.com/sites/matthewherper/2015/04/20/immune-...
There have been a lot of breakthroughs recently. If we keep pushing like this we'll someday soon be fortunate enough to be legitimately surprised when a friend or family member dies of cancer, and many other diseases.
The number of Medical school admissions and future residency positions is pretty well controlled, so this kind of problem doesn't really arise (well, it's complicated but more or less).
On the other hand, any school can spin up a law program and start charging admission, no matter how qualified it is to actually do that. But it's only worthwhile going to law school if you can get into the first tier (Harvard, Yale, Columbia, NYU) or second tier schools. Third and fourth tier are basically a joke. You're throwing your money away. Of course, many people ignore that thinking they'll be different or lucky. And we end up with the kind of issues we see here today.
It's still more complicated, though, because a lot of what people from third and fourth tier schools used to do (sit in giant rooms and review case law for big cases), they are no longer needed for thanks to technology. So the 2000's onward was an awful time to want to be shove yourself through law school hail-mary hoping that just because you're a "lawyer" you'll be OK.
Law schools students got squeezed on both sides, and the pain is real. A profession that used to be much like medicine, where you would do "OK" in life at the very worst is now a commodity product thanks to forces from all sides.
The story has been related to me like this: Traditionally universities were heavily influenced by the faculty, who had big sway over big decisions. This all came to a head in the 80s when faculty and the administration disagreed over some big issue (like who should be the next president, I believe). The faculty and administration went to court, and the court ruled that the faculty were employees and the administration, essentially, had absolute power and could appoint who they wanted.
This precedent drastically changed how universities were run, and since then faculty has basically been eviscerated (both from a power standpoint and a pay standpoint, ala adjuncts) and universities are now run like businesses (top down management vs. a more distributed/democratic form previously). I haven't been able to find the court case or citations to back this up (closest is a book[1]), but it wouldn't surprise me if true. It would explain a lot that has happened, and if you combine it with other factors like government backed student loans, it's no surprise universities are cash cows run by feudal lords.
Don't get me wrong. I think this is the most promising one we've had, if for no other reason than the method used to develop it. They took people who lived into old age without Alzheimer's, and found antibodies from them that targeted Abeta (so they claim). Really cool stuff, if true, and very promising.
Edit: To back this up a little more:
To buy a median house in SF you need to make ~$142k.
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/08/m...
The 95th percentile in income is WAY higher in SF than anywhere else, and so is the cost of living.
https://twitter.com/conradhackett/status/578004292151341056
My opinion is that if you're not clearly putting me in a comfortable position financially, why would I ever make such a sacrifice?
Did this guy not read the letter? Because Buffet spends a lot of time discussing why he thinks his version of the conglomerate model works and will continue to work. You can disagree with his reasoning, but he certainly discusses it at length.
Second, there have been rumors that Buffet is planning to give up control soon, perhaps at this shareholder meeting. Even if he doesn't, it's not clear that it matters. The final word on asset allocation may come from him, but he is surrounded by people essentially making those decisions for him (as he basically implies in the letter).
Nowhere in this do I get the impression this guy actually read the FULL letter, beyond the first part (meaning beyond page 21).
Companies love trying to get you to take a 5-40% pay cut because "It's a startup" and "we'll give you equity". Total BS. You will be better off spending an hour every week minding your money in other ways, with your appropriate salary.
Instead of focusing on optimizing Europe's collective wealth, they are trying to maximize their wealth relative to the rest. There is certainly concerns about things like corruption in the periphery, and Spain and Greece certainly had their inefficiencies, but Germany is going about fixing it in a completely wrong way.
Didn't downvote you, but you have heard the saying "Lies, damned lies, and statistics", haven't you? Calling a single chart "statistical facts" is laughable at best. Especially when we've seen two versions of that chart (see zaroth's post), with a near identical title (one has "US families", the other "US households") and claiming the same source data from the same blog, showing two very different plots. (Looking more carefully, the trends at least seem similar, so perhaps it is just an issue with the definition of "family" vs. "household"?)
Further, it's pretty clear that simply changing the brackets could result in a very different plot. And that is what we see in the NY Times article, which has the "households" plot but with the income brackets changed slightly and the 2009-2013 data added. In the NYTimes plot it looks like, since 2000, the top bracket has peaked and shrunk, the middle has continued to shrink, and the lower grew. It's a short trend compared to the full graph, but is that the direction we're heading now? So at best, this is all highly subjective, and a perfect example of when "statistical facts" can be manipulated to serve and agenda, populist or otherwise.
In short, nothing was "completely debunked" here, and a great example of why different sides of a debate end up talking past one another instead of acknowledging how complex these things can be. Two groups with different starting positions looked at the same or very similar plots and drew different conclusions. Color me shocked.
Even if we decide it isn't insider trading, Capital One is on the hook for what it's employees do. Chipotle or whoever could sue CapOne for breach of contract, and CapOne could sue these guys for that. So even if we decide as a society it's not criminal, another group of guys doing the same thing somewhere else might not get to keep all that sweet dough they made purely on civil grounds. I don't know. It's interesting.
[1] https://supreme.justia.com/cases/federal/us/521/642/case.htm...
[1] http://www.mercurynews.com/san-mateo-county-times/ci_2614203...