Michael Milken was a threat to the complacent Wall Street cartels established by the New Deal. So ambitious prosecutors like Rudy Giuliani saw an opportunity to get in good with Wall Street by taking him down.
Big Pharma is abandoning its R&D efforts for antibiotics. What are the regulatory, scientific, and economic factors responsible for this potentially dangerous trend? Accad and Koka interview Dr. David Shlaes.
When colleges or hospitals are guaranteed payment by a third party, such as Sallie Mae or a health insurance company, it's only natural to raise prices on the student or patient. In these cases, the user's ability to pay becomes almost irrelevant.