America: Europe and Canada’s Willing Chump
How America facilitates a labor and environmental race to the bottom, helping companies based in Europe, Canada, and Mexico.
Read more...Category Archives: Regulations and regulators
How Obamacare Policy Holders and Big Pharma Lose Out from Insurers Gaming Plan Designs
At one level, it’s vastly amusing to watch Big Pharma, through its powerful lobbying group PhRMA, complaining that its ox is being gored by insurers through how they’ve designed Obamacare plans. On another, though, the analysis prepared for PhRMA confirms what this site has long argued, that the Obamacare plans represent a deliberate effort to extract more rents from the public at large on behalf of the medical-industrial complex.
Read more...The Tragedy of the Soma Mine-Workers: A Crime of Peripheral Capitalism Unleashed
Yves here. This post explains how the horrific mine explosion in Western Turkey, which has officially claimed nearly 300 lives as the death count continues to rise, was not an accident but the direct result of privatization and circumvention of safety standards.
Read more...New Zealand: the Shell Company Incorporation Franchises (II) (and Ukraine)
The nuts-and bolts view of these looting mechanisms shows how corruption actually works.
Read more...Abigail Field: Privatization Is Driven By Private Greed and Public Cowardice (and Public Greed, Too)
“Privatization” and “public-private-partnerships” for infrastructure and other public assets are scams driven by private greed and public cowardice.
Read more...SEC Official Describes Widespread Lawbreaking and Material Weakness in Controls in Private Equity Industry
At a private equity conference this week, Drew Bowden, a senior SEC official, told private equity fund managers and their investors in considerable detail about how the agency had found widespread stealing and other serious infractions in its audits of private equity firms.
Read more...No Evidence Justice Department Will Prosecute U.S. Banks Responsible for Financial Crisis
Bill Black is in particularly fine form in this Real News Network video.
Read more...New Zealand: the Shell Company Incorporation Franchises (I)
How New Zealand shell company incorporations help tax evaders and scammers.
Read more...Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices
Remarkably, some Goldman alumni look about to re-enact Enron-style energy market price manipulation all along the East Coast. And no one appears to be alert enough to stop them.
Read more...While New Zealand’s Company Law Reform Stalls, GT Group Helps a Thieving Ukrainian Despot
Since the Great New Zealand Shell Company Deregistration Frenzy of 2009-2011, which we rounded up here and here, the New Zealand Government, and the New Zealand Companies Office, have managed to catch a bit of sleep, bless them.
Read more...Bill Moyers: Obama’s Latest Assault on Democracy – Undermining Net Neutrality
Net neutrality is on its way to being executed by the likes of Comcast and Verizon. That will mean the death of the Internet as we know it.
Read more...The Pervasiveness of Health Care Corruption as Shown by Another Roundup of Legal Settlements
Yves here. This post is important, not simply for chronicling health care corruption, but also in demonstrating how, just as in financial services, the individuals responsible are not targeted for fines or prosecution.
Read more...ObamaCare Clusterfuck: “Medical Homelessness” in California
Many of the newly insured under Obamacare are finding they can’t find doctors.
Read more...Bill Black: Since When Does Refusing to Put Fraudulent Banks into Receivership Help the Economy?
Conservative economists love “creative destruction.” They can’t wait to “get their Schumpeter on” when a business fails and thousands of workers lose their jobs.
There is no more “creative destruction” conceivable than when we put a bank that has become a fraudulent enterprise into receivership, remove the controlling officers leading the fraud, and sell the bank through an FDIC-assisted acquisition
Read more...NY Teachers’ Retirement Fund Exhibits Stockholm Syndrome, Rejects Reuters Private Equity FOIA Out of Fear of Annoying Private Equity Funds
It is hard to grasp how successful the private equity industry has been in brainwashing investors to keep information secret.
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