The Science of the Tax-Dollar Double Dip - WSJ
abernard102@gmail.com 2016-04-01
Summary:
"Anyone upset about wasted government spending should take a look at for-profit scientific publishing, a $25 billion industry that double-dips into taxpayers’ pockets. In 2014 one of the largest firms, the Anglo-Dutch Elsevier, which publishes Cell and the Lancet, made a profit of £762 million (about $1.2 billion) on gross revenue of £2 billion (about $3.1 billion)—a margin of 37%. The problem is that ..."