Coin Change

Hope you are doing well and keeping safe! Last evening my wife and I, after stopping a movie we were watching on Netflix, went to bed. It was still snowing on and off. We were both very tired. Today when we were having breakfast, we noticed that the driveway and path to our door had been cleared of snow. We did not hear a thing. That confirms we were really tired last evening.

One of my best friends (have two sent me the link to the article “Top Universities Took Billions in Unreported Foreign Funds, U.S. Finds”, by the Wall Street Journal. The article is quite interesting. It shows how China is gifting money (there are no free lunches) to top USA learning institutions (mostly Ivy League universities) in order to take / steal intellectual property, allowing China to avoid developing technologies at much higher costs. This was discovered due to the fact that those same institutions have been forgetting to pay the associated gift / donation taxes. Shame on you Cornell University! Continue reading “Coin Change”