Sadly we?re talking about prescription drugs here, not the fun kind. But it is a nice object lesson in the basic economic proposition first put forward by David Ricardo as the Iron Law of One Price. The basic point is that you just cannot mix free trade and price fixing. Bloomberg has a nice piece ...

pubblicato il: 15/03/2012 - 10:19

March Madness presents a perfect opportunity for the cable companies to market TV Everywhere.

pubblicato il: 15/03/2012 - 15:22

Elite political purges are increasingly rare in China. The last high-level scalp was a Shanghai party chief ousted for corruption in 2006. Now it?s the turn of Bo Xilai, party secretary of mega-municipality Chongqing and a contender for a top slot in the leadership later this year. No longer: Bo is out of a job. ...

pubblicato il: 15/03/2012 - 12:41

Yet another FINRA failure to supervise case demonstrates the need to overhaul Wall Street's regulatory and compliance structure. Time to go lean, mean and local says regulatory reform advocate Bill Singer.

pubblicato il: 15/03/2012 - 12:52

The Market for Lemons is one of the great economics papers of the past few decades. So good that it gained George Akerlof, its writer, a share of the Nobel Prize. The essential point is about information asymmetry. The seller of a used car knows much more about the quality of that car than does ...

pubblicato il: 15/03/2012 - 12:52

Teacher of low income kids seeking college education busted by Feds in bizarre fraud.

pubblicato il: 15/03/2012 - 15:24

China is now home to over 1 million millionaires, according to China Luxury Network.?? For the actual and aspirational wealthy, China fuels an insatiable desire for luxury goods that continues to build beyond cars, fashion, and real estate and?? into the art world. This year, Hong Kong hosts Art HK 12, an international art fair, ...

pubblicato il: 15/03/2012 - 15:24

The famous line "What we got here is failure to communicate" underscores one of the CMO's biggest challenges: internal alignment with marketing. After my post on "5 Roles of Successful CMOs", a kind reader mentioned there could possibly be a sixth role added to the list: business linguist. I was intrigued by the thought and ...

pubblicato il: 15/03/2012 - 12:00

Hong Kong billionaire Lui Che Woo announced Thursday that Galaxy Entertainment Group?s profit tripled last year to 3 billion Hong Kong dollars ($387 million). Lui?s net worth rose to $5.7 billion on the latest World Billionaire List, due in large part to Galaxy?s share price that surged nearly 77% over the past year. The casino ...

pubblicato il: 15/03/2012 - 13:23

In a surprise move, Shire Pharmaceuticals has ended its bid for FDA approval for its Replagal biologic for treating Fabry disease, a rare, but life-threatening genetic disorder. The move comes less than two months after the FDA approved a manufacturing plant operated by Genzyme, which experienced shortages of its own medication for the past two years and is now trying to restoring regular supplies.

pubblicato il: 15/03/2012 - 13:23