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Act Up NY Activist Mark Milano holds a cat litter box with a photo of Martin Shkreli at the bottom of it. The activists were protesting the enormous price increase of Daraprim in front of the Turing Pharmaceuticals Offices in Midtown, New York City. Erik McGregor/Demotix/Corbis Advertisement What has Martin Shkreli done to earn so much disdain that news of his arrest has inspired people to celebrate with glee? The list is a long one, and it sounds like something out of a cartoonish villain's dossier. First, he made a fortune on the stock market short selling stocks. Short selling is a strategy that banks on a company's performance taking a nosedive. So let's say you suspect a particular company is going to hit some rough financial trouble. You sell off stock in that company. The only catch is you don't actually own any of that stock; you're selling something you don't possess. Short selling is totally legal. You actually do deliver stock to a buyer. And later on, you buy the stock … [Read more...] about The Most Hated Man in America Gets Arrested

Annie is the Honored Kid for Giving Tuesday for the St. Baldricks Foundation, which raises money for childhood cancer research. St. Baldricks Foundation Advertisement Hot on the heels of Black Friday and Cyber Monday comes Giving Tuesday, and although cold, hard cash is still involved, it's a day with a decidedly more altruistic bent. Charities try to get people to donate money to their causes, all on the same day. But where did Giving Tuesday come from? And does it really work? Launched in 2012, Giving Tuesday (often styled with a hashtag as #GivingTuesday) was created by the Belfer Center for Innovation & Social Impact at the 92nd Street Y. This New York City-based cultural center sought to use a social media-based platform to kick off the charitable giving season, while also encouraging donors not to wait until the end of the year to make contributions. The organization teamed up with the United Nations Foundation and executives from Mashable, Facebook and Groupon … [Read more...] about After Cyber Monday, People Open Their Wallets for Giving Tuesday