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Disclosure/Conflict of Interest (Individual)
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Date Fairness.com Resource Read it at: May 02, 2013 Secret 'pocket listings' return in hot housing markets
QUOTE: In some cases, agents may try to convince sellers to use pocket listings in order to double their commissions by acting as agent for both the buyer and the seller...."If an agent is putting their own economic interest ahead of the seller's, it's a violation of state law."
CNN (Cable News Network) Mar 04, 2013 Embattled Scottish Cardinal O'Brien apologizes for 'my sexual conduct'
QUOTE: A Scottish cardinal who had earlier challenged allegations of sexual impropriety -- claims that once again shined an international spotlight on alleged sexual abuse involving Roman Catholic clergy -- reversed course Sunday and apologized....Two Italian publications said Benedict, 85, resigned not because of his advanced age but because of a brewing scandal over the blackmail of gay priests by male prostitutes in Rome.
CNN (Cable News Network) Mar 02, 2013 Selling the Home Brand: A Look Inside an Elite JPMorgan Unit
QUOTE: To bolster sales, said the advisers, many of whom spoke on the condition of anonymity because they feared retribution, JPMorgan largely pushes its own bank-branded investments, which include a mix of mutual funds. While the practice can be legal, competitors have moved away from such investments after facing perceived conflicts. The concern is that, driven by fees, banks will push their own products over lower-cost options with stronger returns.
New York Times Feb 25, 2013 Why I'm quitting Facebook
QUOTE: In my upcoming book "Present Shock," I chronicle some of what happens when we can no longer manage our many online presences. I have always argued for engaging with technology as conscious human beings and dispensing with technologies that take that agency away. Facebook is just such a technology. It does things on our behalf when we're not even there. It actively misrepresents us to our friends, and worse misrepresents those who have befriended us to still others.
CNN (Cable News Network) Feb 10, 2013 Complex Investments Prove Risky as Savers Chase Bigger Payoff
QUOTE: Regulators across the country are confronting a wave of investor fraud that is saddling retirement savers with steep losses on complex products that until a few years ago were pitched only to the most sophisticated investors. The victims are among the millions of Americans whose mutual funds and stock portfolios plummeted in the wake of the financial crisis, and who started searching for ways to make better returns than those being offered by bank deposits and government bonds with minuscule interest rates.
New York Times Dec 13, 2012 DealBook Conference Was Impressive, Lucrative and Chummy
QUOTE: Here is what the conference did not have going for it: A great deal of distance between sources and those who cover them — something traditionally thought to be a bedrock journalistic idea....DealBook – a blog and print section dedicated to coverage of mergers and acquisitions and other related subjects — is something of an oddity at The Times. A rainmaker for the company, it has garnered its share of critics who see it as too soft on its sources.
New York Times Dec 11, 2012 Scientists Propose Central Database for Disclosing Conflicts of Interest
QUOTE: a lack of standardization in COI disclosures increases the administrative burden on physicians and increases the chances of being accused of incomplete and misleading statements. As a solution, their committee — facilitated by the Institute of Medicine — recommends the creation of a centralize database for the disclosure and reporting of interests.
Scholarly Kitchen Nov 24, 2012 As drug industry’s influence over research grows, so does the potential for bias
QUOTE: What only careful readers of the article would have gleaned is the extent of the financial connections between the drugmaker and the research.Whether these ties altered the report on Avandia may be impossible for readers to know. But while sorting through the data from more than 4,000 patients, the investigators missed hints of a danger that, when fully realized four years later, would lead to Avandia’s virtual disappearance from the United States: The drug raised the risk of heart attacks....
Washington Post Aug 26, 2012 The Best Book Reviews Money Can Buy
QUOTE: "The wheels of online commerce run on positive reviews," said Bing Liu, a data-mining expert at the University of Illinois, Chicago, whose 2008 research showed that 60 percent of the millions of product reviews on Amazon are five stars and an additional 20 percent are four stars. "But almost no one wants to write five-star reviews, so many of them have to be created."
New York Times Aug 01, 2012 Where the Money Lives
QUOTE: For all Mitt Romney’s touting of his business record, when it comes to his own money the Republican nominee is remarkably shy about disclosing numbers and investments. Nicholas Shaxson delves into the murky world of offshore finance, revealing loopholes that allow the very wealthy to skirt tax laws, and investigating just how much of Romney’s fortune (with $30 million in Bain Capital funds in the Cayman Islands alone?) looks pretty strange for a presidential candidate.
Vanity Fair Jul 26, 2012 The Real Problem With Offshore Tax Havens
QUOTE: one doesn’t necessarily have to fly to the Channel Islands with a bag of cash to stash ill-gotten gains or evade the taxman anymore. The past 30 years have seen the evolution of a mainstream financial system that is global in scope and that through secrecy and complexity has enabled itself to profit handsomely off of the tax evasion of the world’s richest citizens.
Time Magazine Jul 14, 2012 35 Questions Mitt Romney Must Answer About Bain Capital Before The Issue Can Go Away
QUOTE: In times of crisis, a strong candidate will come up with answers that satisfy the basic questions surround the controversy and will make people want to move on to another subject. Romney, however, could not seem to come up with basic messages that resolved the controversies. Many of his answers seemed evasive or overly legalistic. The biggest problem for Romney is that all of his interviews have only increased the questions that political observers, voters and the media have regarding he subject of Bain Capital.
Forbes Jul 13, 2012 That’s No Phone. That’s My Tracker.
QUOTE: Thanks to the explosion of GPS technology and smartphone apps, these devices are also taking note of what we buy, where and when we buy it, how much money we have in the bank, whom we text and e-mail, what Web sites we visit, how and where we travel, what time we go to sleep and wake up — and more. Much of that data is shared with companies that use it to offer us services they think we want.
New York Times Jul 06, 2012 A Fancy Financial Adviser Title Does Not Ensure High Standards
QUOTE: Investors can’t be blamed for failing to recognize the differences between a glorified salesman pushing a particular fund and a true investment adviser who is required to act in your best interest, but there are many.
New York Times May 06, 2012 Study Says Broker Rebates Cost Investors Billions
QUOTE: The rules governing Wall Street generally force stockbrokers to seek out the best prices for clients who pay them to buy and sell shares. In recent years, though, brokers have had another enticement that can pull them in a different direction: payments from stock exchanges in return for sending them business.
New York Times Apr 25, 2012 ‘What Were You Thinking?’ For Couples, New Source of Online Friction
QUOTE: the rise of social media — where sharing private moments is encouraged, and provocative and confessional postings can help build a following — has created a new source of friction for couples: what is fair game for sharing with the world?
New York Times Mar 19, 2012 A Drumbeat on Profit Takers
QUOTE: Their joint crusade, stated repeatedly in editorials for the journal and since expanded in books and dozens of articles in the lay press, is against for-profit medicine, especially its ancillary profit centers of commercial insurance and drug manufacture — in Dr. Relman’s words, “the people who are making a zillion bucks out of the commercial exploitation of medicine.”
New York Times Mar 07, 2012 More Angst Over Pepper Spray
QUOTE: The UC police union and the former officer at the center of the controversy filed for the stay after hearing from a lawyer that the report would contain confidential personnel information, the release of which is prohibited under state penal code....Cruz Reynoso, the law professor emeritus at Davis and former associate justice of the California Supreme Court who was tapped to chair the task force, was outraged at the request – in particular, at its last-minute delivery – and worried that it could prevent the truth of what happened from coming out.
Inside Higher Ed Feb 27, 2012 Yoga and Sex Scandals: No Surprise Here
QUOTE: After accusations of sexual impropriety with female students, John Friend, the founder of Anusara, one of the world’s fastest-growing styles, told followers that he was stepping down for an indefinite period...Yoga teachers and how-to books seldom mention that the discipline began as a sex cult — an omission that leaves many practitioners open to libidinal surprise.
New York Times Feb 10, 2012 The Afghanistan Report the Pentagon Doesn't Want You to Read
QUOTE: a bombshell piece about Lt. Colonel Daniel Davis, a 17-year Army veteran recently returned from a second tour in Afghanistan. According to the Times, the 48-year-old Davis had written an 84-page unclassified report, as well as a classified report, offering his assessment of the decade-long war. That assessment is essentially that the war has been a disaster and the military's top brass has not leveled with the American public about just how badly it’s been going.
Rolling Stone Nov 25, 2011 The Prosecution’s Case Against DNA
QUOTE: Garrett pointed out another, striking detail in the false confessions: in 38 of 40 false confessions, the authorities said defendants provided details that could be known only by the actual criminal or the investigators, thus corroborating their own admissions of guilt by revealing secret information about the crime that could only have been provided by them. The issues raised by DNA exonerations have led to an overhaul of the criminal-justice system. Some states now require that evidence be preserved; others require mandatory videotaping of interrogations.
New York Times Nov 20, 2011 Protest Puts Coverage in Spotlight
QUOTE: Newspapers and television networks have been rebuked by media critics for treating the movement as if it were a political campaign or a sideshow — by many liberals for treating the protesters dismissively, and by conservatives, conversely, for taking the protesters too seriously. The protesters themselves have also criticized the media — first for ostensibly ignoring the movement and then for marginalizing it.
New York Times Nov 11, 2011 James O'Keefe Is Capitalizing on the Cult of Journalistic Objectivity
QUOTE: much of the traditional media is on record conceding O'Keefe's premise -- that he has captured video that sheds legitimate doubt on the work of a Pulitzer Prize winning journalist, showing her to be in violation of a longstanding ethical code some in her profession regard as sacrosanct.
Atlantic Online, The (Atlantic Monthly) Sep 19, 2011 In Small Towns, Gossip Moves to the Web, and Turns Vicious
QUOTE: In rural America, where an older, poorer and more remote population has lagged the rest of the country in embracing the Internet, the growing use of social media is raising familiar concerns about bullying and privacy. But in small towns there are complications. The same Web sites created as places for candid talk about local news and politics are also hubs of unsubstantiated gossip, stirring widespread resentment in communities where ties run deep, memories run long and anonymity is something of a novel concept.
New York Times Sep 02, 2011 AOL Says Arrington No Longer Works at TechCrunch
QUOTE: AOL said on Friday that Michael Arrington, the founder and co-editor of its TechCrunch blog and one of the most prominent voices in Silicon Valley, no longer had an editorial role at the company because he also invested in tech companies.
New York Times Aug 19, 2011 In a Race to Out-Rave, 5-Star Web Reviews Go for $5
QUOTE: The boundless demand for positive reviews has made the review system an arms race of sorts. As more five-star reviews are handed out, even more five-star reviews are needed....Determining the number of fake reviews on the Web is difficult. But it is enough of a problem to attract a team of Cornell researchers, who recently published a paper about creating a computer algorithm for detecting fake reviewers.
New York Times Aug 05, 2011 Ex-Lawmaker Still a Friend of Hospitals
QUOTE: House members are banned from lobbying on Capitol Hill for a year after leaving office (Mr. Pomeroy’s term ended in January), but Mr. Pomeroy, a Democrat, has teamed up with his former chief of staff, who is not subject to the restriction, as a lobbying partner.
New York Times Jul 07, 2011 How Bright Promise in Cancer Testing Fell Apart
QUOTE: as patients and their doctors try to make critical decisions about serious illnesses, they may be getting worthless information that is based on bad science. The scientific world is concerned enough that two prominent groups, the National Cancer Institute and the Institute of Medicine, have begun examining the Duke case; they hope to find new ways to evaluate claims based on emerging and complex analyses of patterns of genes and other molecules.
New York Times Jun 29, 2011 Common Sense and Sensibility
QUOTE: the Supreme Court ruled that police, when questioning a child suspected of committing a crime, must take the suspect’s age into account and may have to provide Miranda warnings in circumstances that would not require the warnings to be given to an adult suspect. The vote was 5 to 4, and the author of the majority opinion was Justice Sonia Sotomayor. The premise that children are different from adults and may feel coercive pressure when an adult would not, she said, was simply one of “commonsense reality.”
New York Times Jun 25, 2011 It’s Science, but Not Necessarily Right
QUOTE: science fixes its mistakes more slowly, more fitfully and with more difficulty than Sagan’s words would suggest...Why? One simple answer is that it takes a lot of time to look back over other scientists’ work and replicate their experiments. Scientists are busy people, scrambling to get grants and tenure. As a result, papers that attract harsh criticism may nonetheless escape the careful scrutiny required if they are to be refuted.
New York Times Jun 22, 2011 My Life as an Undocumented Immigrant
QUOTE: ...I am still an undocumented immigrant. And that means living a different kind of reality. It means going about my day in fear of being found out....Last year I read about four students who walked from Miami to Washington to lobby for the Dream Act, a nearly decade-old immigration bill that would provide a path to legal permanent residency for young people who have been educated in this country...Their courage has inspired me.
New York Times Jun 18, 2011 Friendship of Justice and Magnate Puts Focus on Ethics
QUOTE: The publicity-shy friend turned out to be Harlan Crow, a Dallas real estate magnate and a major contributor to conservative causes. Mr. Crow stepped in to finance the multimillion-dollar purchase and restoration of the cannery, featuring a museum about the culture and history of Pin Point that has become a pet project of Justice Thomas’s. The project throws a spotlight on an unusual, and ethically sensitive, friendship that appears to be markedly different from those of other justices on the nation’s highest court.
New York Times Jun 17, 2011 U.S. Pressing Its Crackdown Against Leaks
QUOTE: The Justice Department shows no sign of rethinking its campaign to punish unauthorized disclosures to the news media, with five criminal cases so far under President Obama, compared with three under all previous presidents combined....The string of cases reflects a broad belief across two administrations and in both parties in Congress that leaks have gotten out of hand, endangering intelligence agents and exposing American spying methods.
New York Times Jun 15, 2011 Ex-Spy Alleges Bush White House Sought to Discredit Critic
QUOTE: A former senior C.I.A. official says that officials in the Bush White House sought damaging personal information on a prominent American critic of the Iraq war in order to discredit him. Glenn L. Carle, a former Central Intelligence Agency officer who was a top counterterrorism official during the administration of President George W. Bush, said the White House at least twice asked intelligence officials to gather sensitive information on Juan Cole, a University of Michigan professor who writes an influential blog that criticized the war.
New York Times Jun 14, 2011 Court upholds gay judge's ruling on Proposition 8
QUOTE: A federal judge who ruled against a ban on same-sex marriage in California and later revealed that he is gay showed no evidence he was prejudiced in the case, according to a ruling Tuesday...."It is not reasonable to presume that a judge is incapable of making an impartial decision about the constitutionality of a law, solely because, as a citizen, the judge could be affected by the proceedings,"...
CNN (Cable News Network) May 24, 2011 Members of Congress Get Abnormally High Returns From Their Stocks
QUOTE: "In the course of performing their normal duties, members of Congress have access to non-public information that could have a substantial impact on certain businesses, industries or the economy as a whole. If used as the basis for common stock transactions, such information could yield significant personal trading profits," they wrote.
Huffington Post May 21, 2011 'Shoe leather' leads to Schwarzenegger's secret son
QUOTE: Schwarzenegger's quick admission was surprising, perhaps, considering the history of the newspaper, the former governor and allegations of his misbehavior involving women.
CNN (Cable News Network) May 16, 2011 Questions Raised About a Code of Silence
QUOTE: the arrest of Dominique Strauss-Kahn is once again challenging the assumption that the private lives of the rich, famous and powerful are off limits to public scrutiny. That the most serious accusation against Mr. Strauss-Kahn is attempted rape, and not just an indiscretion involving a consensual sexual relationship, only adds to a sense on the part of some people in France that the curtain of privacy needs to be lifted.
New York Times May 12, 2011 I.R.S. Moves to Tax Gifts to Groups Active in Politics
QUOTE: Big donors like David H. Koch and George Soros could owe taxes on their millions of dollars in contributions to nonprofit advocacy groups that are playing an increasing role in American politics. Invoking a provision that had rarely, if ever, been enforced, the Internal Revenue Service said it had sent letters to five donors, who were not identified, informing them that their contributions may be subject to gift taxes depending on whether the donations exceeded limits under the tax laws.
New York Times May 11, 2011 Next Up, a Crackdown on Outside-Expert Firms
QUOTE: In several indictments involving expert networks, authorities claim that hedge fund managers paid outside consultants handsome fees for providing nonpublic information. The government has also charged executives at the expert network firms, the ones who brokered the connections, with knowingly facilitating the exchange of illegal stock tips.
New York Times May 11, 2011 Prosecutors’ Hardball Tactics Produce Big Results in Galleon Case
QUOTE: Will the conviction of Raj Rajaratnam, the founder of the hedge fund firm Galleon Group, change anything on Wall Street?....Government crackdowns on insider trading tend to run in cycles. The last one that received as much attention was the Wall Street sweep in the 1980s that resulted in the convictions of Ivan Boesky and Michael R. Milken...
New York Times May 02, 2011 Tugging at Threads to Unspool Stories of Torture
QUOTE: The Center for Victims of Torture… has treated 20,000 torture victims from around the world… Iraqis at the center have described being kidnapped, beaten, given electric shocks, raped and burned… The torturers… have included the Iraqi Army, American forces, Saddam Hussein’s henchmen, Al Qaeda in Iraq, and the sectarian groups.
New York Times Apr 24, 2011 Supreme Court confronts whether Nev. conflict-of-interest law violates free speech
QUOTE: And the justices themselves are under increasing scrutiny from the left and right about whether their activities outside the courtroom cast doubt on their neutrality inside it… The Nevada Supreme Court elevated the matter when it agreed with Carrigan that restricting his ability to vote on council business violated his First Amendment right of free political speech.
Washington Post Apr 20, 2011 Stumbling Into Bad Behavior
QUOTE: They overlook transgressions — bending a rule to help a colleague, overlooking information that might damage the reputation of a client — because it is in their interest to do so… Good people unknowingly contribute to unethical actions, so reforms need to address the often hidden influences on our behavior.
New York Times Feb 21, 2011 Why America's teachers are enraged
QUOTE: Thousands of teachers, nurses, firefighters and other public sector workers have camped out at the Wisconsin Capitol, protesting Republican Gov. Scott Walker's efforts to reduce their take-home pay -- by increasing their contribution to their pension plans and health care benefits -- and restrict their collective bargaining rights.
CNN (Cable News Network) Feb 10, 2011 Ex-C.I.A. Agent Goes Public With Story of Mistreatment on the Job
QUOTE: He contends that the events broke up his marriage and destroyed his career, and that C.I.A. officials abused the State Secrets Privilege doctrine in an effort to cover up their own negligence.
New York Times Feb 08, 2011 Students in Legal Limbo After Immigration Fight
QUOTE: ...thousands of immigrant students who declared their illegal status during a nationwide campaign for a bill in Congress that would have put them on a path to legal residence.... leaves students like her who might have benefited from the bill — an estimated 1.2 million nationwide — in a legal twilight.
New York Times Jan 03, 2011 A Clear Danger to Free Speech
QUOTE: THE so-called Shield bill, which was recently introduced in both houses of Congress in response to the WikiLeaks disclosures, would amend the Espionage Act of 1917 to make it a crime for any person knowingly and willfully to disseminate, “in any manner prejudicial to the safety or interest of the United States,” any classified information “concerning the human intelligence activities of the United States.” Although this proposed law may be constitutional as applied to government employees who unlawfully leak such material to people who are unauthorized to receive it, it would plainly violate the First Amendment to punish anyone who might publish or otherwise circulate the information after it has been leaked.
New York Times Dec 20, 2010 Don't Ask, Don't Tell, Don't Come Back? Congress voted to repeal DADT. Can gay soldiers who were discharged under the old rules re-enlist?
QUOTE: For the past 17 years, service members discharged for homosexual conduct have been permanently barred from the military, even if they swore that their sexual preference had changed. During that time, Congress has considered several bills to repeal DADT, many of which would have explicitly permitted discharged service members to rejoin...the bare-bones legislation that Congress is about to send to the president punts the re-enlistment issue to the Pentagon.
Slate Dec 17, 2010 U.S. arrests 4 in insider trading probe centered on hedge fund industry
QUOTE: A national investigation into insider trading escalated Thursday with the arrest of four executives accused of trafficking in confidential corporate information...Those arrested by the Justice Department and FBI included several figures suspected of channeling secrets from technology companies to hedge funds that then traded on that information
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