Private Equity Funds and Those in Need

Say you get a check in the mail and it says just sign me. You ignore it then some emergency crops up and you can’t cover it and then you remember the check. That’s one way companies owned by Private Equity Funds make money. In this case a company like   Mariner Finance  is  owned by an $11.2 billion  Private Equity Fund called Warburg Pincus, and the president of  Warburg Pincus is Timothy Geithner, former Treasury Secretary under Obama, which makes the activities of Mariner Finance stand out all the more . They charge up to 36% interest to needy people who Continue reading “Private Equity Funds and Those in Need”

Gene Drive, GMOs and Species Extinction

We all know that the anopheles mosquito causes malaria and that malaria kills half a million people a year. What if we could eradicate the anopheles mosquito and save so many lives, for down the road that would be many people indeed? Well we can. In fact the Bill Gates Foundation which has been so active in fighting malaria has made the technique behind all this a centerpiece of their anti-malaria effort. It’s a form of genetically modified organism called gene drive. Whereas genetic engineering usually affects one generation and may or may not be passed on, gene drive is passed Continue reading “Gene Drive, GMOs and Species Extinction”

68.5 Million Refugees

Being an immigrant is very difficult. I know from experience what it’s like to leave everything you know and have behind and go towards an unknown. And in our case we didn’t have to pay smugglers, we didn’t have to walk across borders, we had passports, visa, purchased our own plane fares and weren’t fleeing war. So when I read that the number of refugees and displaced persons from wars and persecutions has reached 68.5 million, I shudder. These are 68.5 million lives which have been Continue reading “68.5 Million Refugees”

Health Insurance Companies and Profits

Health care is a big consumer concern and health care costs an even bigger one. As is already known, the US spends more per person on health care and gets less than other developed nations. And then there’s the fact that one in 5 of every person currently being pursued by collection agencies is for medical debt. The issue of rising costs is proverbially complex, and in part why ProPublica, the investigative reporting site in conjunction with NPR conducted an examination which puts a finger on how Continue reading “Health Insurance Companies and Profits”