Michael Olenick: Update Confirms That Share Buybacks Are Still Corporate Suicide
Reconfirming the findings of a study that debunked some key claims about the supposed benefit of stock buybacks.
Read more...Category Archives: Moral hazard
Richard Murphy: Stock Markets Look Ever More Like Ponzi Schemes
Why is it entirely sensible to regard stock markets as Ponzi schemes.
Read more...New York Times: Virtuous McKinsey Defiled by Dark Continent
McKinsey is unhappy that the New York Times did a serious investigative story on a major scandal in South Africa….when the Times pulled some of its punches.
Read more...Koch Money and the Unflappable Economist
Mirowski on the Koch brothers scandal at George Mason University.
Read more...Ilargi: Migration Blowback
On misdirected anger over migration policies.
Read more...Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”
The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.
Read more...Eyewitness Sketches Provide ‘Stormy’ Results, Can Lead to False Convictions
On the shortcomings of eyewitness memories, and in particular, forensic sketches based them.
Read more...How Tax Evasion Increases Inequality
Total tax evasion among the top 0.01% in Scandinavia is roughly 10 times the level of the population at large.
Read more...Trump SEC Fails to Pursue Aggressive Deregulatory Agenda (Albeit from Previous Pathetic Baseline)
WSJ reports Trump SEC has failed to pursue an aggressive deregulatory agenda; legislation necessary to disable securities framework further.
Read more...How Much Do New York Times Reporters Use Anonymous Sources?
An analysis of David Sanger’s work at the New York Times in 2017 gives a sense of how much reporters crib from anonymous “official” sources.
Read more...“Life in the Sweatbox,” Personal Bankruptcy, and the Narrative of Utilitarian Calculus
The false narrative that made personal bankruptcy law so hellish
Read more...Why CalPERS’ Private Equity Outsourcing Scheme Is Likely to Hurt Returns
Why CalPERS’ private equity outsourcing scheme is likely to leave the funds’ beneficiaries and California taxpayers worse off.
Read more...Fallout from Carillion Collapse Hits KPMG
Carillion collapse demonstrates Big Four auditing firms are not only too big to fail, they’re too big to replace.
Read more...Rewriting the History of the Vietnam War, to the Detriment of Everyone Save the Military-Industrial Complex
Identifying the main players behind Vietnam War revisionist history and how they have succeed in forging disastrous policies.
Read more...Ilargi: Is Capitalism Dead or Merely Dying?
None other than New Zealand’s prime minister has issued a blistering critique of capitalism. Can it be saved from itself?
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