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How El Chapo Escaped in a Sewer, Naked With His Mistress - The New York Times
In the early morning of Feb. 17, 2014, the Mexican drug lord Joaquín Guzmán Loera was in bed with his mistress — one of many — when his personal secretary burst into the room with an urgent message: Troops were at the door. Time to leave. Mr. via Pocket
interesting  to-read  longreads  drugs  cartels  crazy 
january 2019 by rockbandit
Mexico’s Drug Cartels Are Moving Into the Gasoline Industry – Rolling Stone
Mexico’s drug cartels are moving into the gasoline industry — infiltrating the national oil company, selling stolen fuel on the black market and engaging in open war with the military. Can the country’s new populist president find a way to contain the chaos?
mexico  crime  drugs  cartels 
september 2018 by jorgebarba
Rip-off banking fees are choking company flotations, warns OECD
The traditional model of hiring one bank for an initial public offering (IPO) of shares has given way to a system of hiring a consortium of banks to underwrite the equity sale.

But instead of introducing more competition, this has seen total costs rise.

“On average the cumulated fees from ten IPOs correspond to the entire funds raised by one newly floated company,” the OECD said in its annual business and finance outlook.

“High levels of fees and parallel pricing (akin to tacit collusion) appear to have increased. This increases the cost of equity and works against long-term productive investment. Reinforcing competitive conditions in these markets could contribute to better outcomes for globalisation.”
Investment-banking  Cartels 
may 2017 by quant18
A ‘Hacker’ Exposed a Mexican Drug Lord, Now He's Trying to Save His Own Life - Motherboard
The computer engineer secretly shot video of the purported heir to Sinaloa cartel boss Joaquín “Chapo” Guzmán and was reported to be living in the US under government protection. In fact, he’s stuck in Mexico.
hacking  cartels  drugwar  spyware 
may 2017 by jorgebarba
Courtesy Paratexts: Informal Publishing Norms and the Copyright Vacuum in Nineteenth-Century America by Robert E. Spoo :: SSRN
In response to the failure of U.S. copyright law to protect foreign authors, nineteenth-century American publishers evolved an informal practice called the “courtesy of the trade” as a way to mitigate the public goods problem posed by a large and ever-growing commons of foreign works. Trade courtesy was a shared strategy for regulating potentially destructive competition for these free resources, an informal arrangement among publishers to recognize each other’s wholly synthetic exclusive rights in otherwise unprotected writings and to pay foreign authors legally uncompelled remuneration for the resulting American editions. Courtesy was, in effect, a makeshift copyright regime grounded on unashamed trade collusion and community-based norms.

This Article examines a particular feature of this informal system: the courtesy paratext. Typically appearing in the form of letters or statements by foreign authors, courtesy paratexts prefaced numerous American editions of foreign works published from the 1850s to the 1890s. These paratexts — supplements to the text proper — played a prohibitory role (not unlike the standard copyright notice) and also extolled the regulating and remunerating virtues of the courtesy system. Authorial paratexts continued to accompany texts well into the twentieth century — including, notably, American editions of James Joyce’s and J.R.R. Tolkien’s works — and enable us to observe the principles of courtesy as they operated less overtly to govern American publishers’ treatment of unprotected foreign works. A little-examined source for understanding the history of copyright law and informal publishing norms, courtesy paratexts offer insight into a form of private ordering that rendered the American public domain a paying commons.
Copyright  Cartels  USA  Legal-history 
may 2017 by quant18
Algorithmic collusion and price-fixing | mathbabe
As an example, he cites a German software application that tracks petrol-pump prices. Preliminary results suggest that the app discourages price-cutting by retailers, keeping prices higher than they otherwise would have been. As the algorithm instantly detects a petrol station price cut, allowing competitors to match the new price before consumers can shift to the discounter, there is no incentive for any vendor to cut in the first place.

So... unintended algorithmic discouragement of price cuts?
algorithms  economics  cartels  collusion  law 
january 2017 by madamim
The Vanishing: What Happened to the Thousands Still Missing in Mexico? | Longreads Blog on
More than 23,000 people have gone missing during Mexico’s drug wars. Every year, their families make a trek to Monterrey seeking answers.
corruption  mexico  cartels  narcos  crime 
april 2016 by jorgebarba
Narconomics: How to run a drug cartel by The Economist
Tom Wainwright, The Economist's Britain editor and former Mexico correspondent, explores the parallels between the $300 billion illegal drugs business and the corporate world, from franchising to corporate social responsibility
cartels  management  economist 
february 2016 by jorgebarba
El Chapo - CBS News
U.S. and Mexican authorities give Bill Whitaker the inside story of the hunt for and recapture of drug lord Joaquin "El Chapo" Guzman
60minutes  drugwar  cartels 
february 2016 by jorgebarba

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