The median athletic department in a Power Five conference has seen earnings balloon to $93.1 million thanks in part to massive new TV contracts, yet 28 of 52 state schools are in the red, including seven in the Pacific-12 and a half-dozen in the ACC, led by Virginia at a whopping negative-$17 million. The reason is not complicated: It's sheer excess and improper self-reward by athletic directors. Over the past decade, pay for administrators has risen by $300 million. Essentially, they're paying themselves for losing money. read more
After weeks of criticism from patients, doctors and other drugmakers for hiking a life-saving medicine's price more than fifty-fold, Turing Pharmaceuticals is reneging on its pledge to cut the $750-per-pill price. Instead, the small biotech company is reducing what it charges hospitals, by up to 50 percent, for its parasitic infection treatment, Daraprim. Most patients' co-payments will be capped at $10 or less a month. But insurers will be stuck with the bulk of the $750 tab. That drives up future treatment and insurance costs.
Mechanical engineering student James Patrick recently uploaded a YouTube video showing a fully functional PM522 Washbear .22LR revolver that he designed and 3D printed. It's a 3D-printed pepperbox revolver capable of firing up to 8 bullets between reloads. Except for an elastic band spring, a metal firing pin, and steel rods as detectable metal, the gun is entirely 3D-printed using ABS plastic or a durable nylon material. According to Patrick, it is the world's first functional 3D-printed repeating firearm that has been printed using a consumer 3D printer.
President Barack Obama has identified a new threat that he says "constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States," but it isn't a new militant group in the Middle East or maneuvering by a rival superpower: It's the landlocked African nation of Burundi. read more
Even before he was deported, el-Baghdadi was under no illusion that he would ever be able to become a formal citizen of the UAE. In the Arab Gulf states, he says, "citizenship isn't treated as an automatic right -- rather, it's a reward for political loyalty with a string of benefits. But if you aren't willing to kiss enough ass, they don't want you there." read more