Must Read Money Stories For Tuesday, Sept. 29

by September 29, 2015

MRMSBy Dustin Dwyer

Dislike. Facebook was down for a short while on Monday, and the Internet promptly over-reacted. But props go out to The Street for calculating exactly how much money Facebook loses during an outage. According to The Street’s non-scientific, non-verified calculation, the cost comes in at $1.7 million in lost ad-revenue for every hour Facebook is down.

Pill prices. The stock price for Valeant Pharmaceuticals took a dive yesterday, after it was reported that House Democrats want to subpoena company records. Valeant makes two crucial heart drugs, the price of which shot up recently. Congressional leaders want to know what’s behind the price increases.

Tax complications. A certain presidential candidate with a knack for making news did it again Monday, by releasing his tax plan. One buzz word Donald Trump used, which many other people have used, is “simplification.” NPR looks at why tax simplification isn’t so, well, simple.

Costly cancer check. A new study is out that once again claims a technique that’s commonly used in mammogram procedures actually doesn’t help much. The technique, called computer-aided detection, or CAD, doesn’t improve the chances of finding cancer in breast tissue, according to the study. And that’s significant because CAD adds an estimated $400 million to the cost of health care every year, according to Pacific Standard Magazine, which has a write-up of the latest study.

Learned machines. Slate takes a stab at explaining the new computational field of “machine learning.” The piece is part book review, part explainer. But it’s a nice starting point, if you’re interested in understanding the opening stages of what will surely lead to machines dominating the world.