Slate Money - The "Matching Gift" Edition
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 22 November 2014
⏱️ 34 minutes
🧾️ Download transcript
Summary
On episode 29 of Slate Money, Felix Salmon of Fusion, Cathy O’Neil of Mathbabe.org, and Jordan Weissmann of Slate’s Moneybox discuss charities as venture capitalists, in the wake of the Cystic Fibrosis Foundation’s $3 billion profit from a very expensive drug. And, Uber is disrupting the taxi business – and tracking your movements using a “God Mode” function. Plus: an assessment of Abenomics and our numbers round. Here are links to some of the topics mentioned during this week's show: The Cystic Fibrosis Foundation’s $3.3 billion deal for selling royalty rights for drugs to treat the disease. How “pay for performance” contracts with doctors could have a detrimental affect on health care.
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Transcript
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| 0:00.0 | Slate Money is brought to you by Harries, the new shaving company that offers German-engineered blades, |
| 0:05.1 | well-designed handles, and shipping right to your door, all at a fraction of the price of other razors. |
| 0:10.1 | Visit Harries.com and use the promo code Slate Money. |
| 0:18.0 | Hello, and welcome to the matching gift episode of Slate Money, your guide to the Business and Finance News of the Week. |
| 0:27.8 | I'm Felix Salmon of Fusion in New York, and on today's show, we will follow up last week's Philanthropy special with a look at charities as venture capitalists in the |
| 0:38.7 | pharmaceutical industry. We will also talk about Uber, because who isn't talking about Uber |
| 0:45.4 | these days? And finally, we will try to explain what's happening in Japan, where monetary |
| 0:52.0 | policy and fiscal policy and this whole sheabang called Arbonomics doesn't |
| 0:56.5 | seem to be having quite the effect. |
| 0:58.3 | It was meant to be having. |
| 1:00.5 | And, of course, we will then finally do our usual numbers lightning round. |
| 1:05.3 | I am joined back in the studio. |
| 1:08.1 | It's a family reunion episode of Slate Money by the regular panelists, |
| 1:14.1 | Kathy O'Neill, the data scientist and blogger at mathbabe.org. Hello, Kathy. Hi, Felix. |
| 1:20.0 | And Jordan Weissman of Slate's very own money box column. |
| 1:25.6 | Feels good to be back. It is good to have you both back. |
| 1:28.3 | So we are going to start with philanthropicology or pharma philanthropy or something like that. |
| 1:35.8 | We're going to start with this amazing story of the Cystic Fibrosis Foundation. |
| 1:41.3 | The Cystic Fibrosis Foundation, it raises about $130 million a year in |
| 1:46.9 | donations. And one of the things which it does with those donations, or used to do with those |
| 1:51.9 | donations, is would invest some of them about $150 million overall in a small biotech |
| 1:58.5 | company called Vertex Pharmaceuticals. It gave this money, $150 company called Vertex Pharmaceuticals. |
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