Author Archives: Yves Smith
Jay Clayton’s SEC Lets Theranos Founder Elizabeth Holmes Get Away With Brazen Fraud
The SEC did Elizabeth Holmes a monster favor with its pathetic settlement over her “massive” Theranos fraud.
Read more...Thousands of Students Protest Gun Violence
A first-hand report on some of the student gun protests in California.
Read more...Senate Expands ‘Lobbyist Bill’ to Deregulate Real Estate
Why the plan to weaken regulation of commercial real estate lending isn’t such a hot idea.
Read more...Bottled Water, Brought to You by Fracking?
A new reason not to like bottled water.
Read more...What Is CalPERS Trying to Hide? Plans to Eliminate Transcription of Board Meetings, A Giant Step Backwards in Transparency and Accountability
CalPERS plans to take a big step backwards in terms of governance and credibility via getting rid of transcription of board meetings, when the cost is a pittance compared to the benefits.
Read more...Announcing Our Plan to Launch “CalPERS Central” Transcript Portal
Presenting our plan to make the record of CalPERS’ past and ongoing board meetings accessible to the public via a transcript portal.
Read more...50th Anniversary of Martin Luther King’s Last Speech: Have We Left the Haunted House?
King described the problem of structural racism in his final speech and how the US commitment to Vietnam was hurting blacks disproportionately. What if anything has changed?
Read more...Links 3/14/18
Waiting for the Chinese Bear Stearns
Why the Chinese shadow banking system is a possible source of systemic risk: a outstanding worry that has not gotten any better.
Read more...Best Buy’s Bait and Switch Returns Policy Reveals Yet More Creepy Consumer Monitoring
Creepy algos implement what sure looks like consumer fraud at Best Buy.
Read more...Thousands of Students Protest Gun Violence
Yves here. We’ve generally relegated the political fight over guns to Links, but we thought we’d make an exception, since this post provides some on-the-ground observations. However, notice that the author mentions in passing that he was briefly in jail for protesting the Vietnam War. As readers well know, one of the big impediments to […]
Read more...LEAKED: Trump Threatens to Launch Trade War v. Rattled China Over IP Theft
Trump’s trade threats against China make steel and aluminum tariffs look like a game.
Read more...Hiding from the Tax Man, International Wealthy Style
Tax avoidance is an ever-evolving game. Some fresh information on which countries are willing to offer a helping hand to the rich.
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