corruption
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Samsung Billionaire Gets Off Easy
Last year, Lee Jae-yong, the de facto leader of Samsung, was found guilty of bribery and embezzlement. Lee was sentenced to five years in prison, hinting at a future in which powerful South Korean leaders are unable to evade culpability for white-collar crimes. But on Monday, the Samsung heir was freed from prison after an…
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Big Dairy Pays Out Big Bucks To US Milk Lovers Over Alleged Conspiracy To Kill 500,000 Cows
In September, Big Dairy settled a lawsuit for over $US50 million ($66 million), which claimed it conspired to kill off 500,000 cows in an effort to gouge milk prices. Now, milk lovers in 15 US states can potentially reap the rewards of this lawsuit by visiting the website, boughtmilk.com.
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Ask Tim Wu — The Guy Who Coined “Net Neutrality” — Anything
Tim Wu is a busy man. When he’s not teaching law at Columbia or writing for The New Yorker, he’s testifying before Congress about the FCC proposed net neutrality. And as of last month, Wu is running for lieutenant governor of New York State. Busy might not be the right term, actually. Tim Wu is…
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How Power Corrupts
The news abounds with stories of powerful men behaving badly. It’s a depressing yet predictable spectacle – those in positions of power can’t help but help themselves to the help. They scream at underlings and have sex with the secretaries; they assault hotel maids (or at least are accused of such) and sleep with the…