Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely
Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.
Read more...Category Archives: Regulations and regulators
America’s Chips War With China: Another Sanctions Backfire Coming?
Biden Administration officials are pleased as punch with their targeting of China’s supposed Achilles heel: dependence on US designed chips.
Read more...Rail Workers Warn Safety Bill Loopholes Are Big Enough to ‘Run a Freight Train Through’
Post East Palentine rail safety reform proposals are embarrassingly unserious.
Read more...Salve Lucrum: The Existential Threat of Greed in US Health Care
A big reason US health sucks is that the government refuses to crack down on abuses like price gouging and billing games.
Read more...The EV Revolution Brings Environmental Uncertainty at Every Turn
As demand for electric vehicles ramps up, environmental stumbling blocks have emerged.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Thirty-Two: Losses Top $33 Billion But Uber Has Avoided The Equity Collapse Most “Tech” Startups Experienced
An update on Uber financial fakery and continued lack of bona fide profits.
Read more...Jim Chanos: The Golden Age of Fraud in Finance
Famed short seller Jim Chanos discusses the ever-rising role of fraud in the US financial system and his views of China.
Read more...One Texas Judge Will Decide Fate of Abortion Pill Used by Millions of American Women
Abortion foes have opened another potentially big front with an attack on the FDA approval status of an “abortion pill” medication.
Read more...In Rural America, Right-to-Repair Laws Are the Leading Edge of a Pushback Against Growing Corporate Power
After years of efforts to advance right-to-repair rules, farmers are starting to get traction.
Read more...New Notes on Global Warming
Global warming is accelerating faster than what our best minds are planning for, if indeed they’re planning at all.
Read more...The Government Makes a Profit on Defaulted Student Loans
The Federal government’s unheard of profits on defaulted student loans confirms that the scheme is predatory. And defaults are set to rise.
Read more...Reversing 30 Years of Damage from the Clintons, the DOJ Closes A Price-Fixing Loophole Wide Enough to Drive a Truck Through
Why are you paying so much for everything? DOJ admits that decades-old carveout allowed even non concentrated industries to effectively build cartels to coordinate prices and wages
Read more...Amid Ohio Nightmare, Rail Worker Alliance Urges All of Labor to Back Railroad Nationalization
Rather than settle for narrow reforms, rail workers are pushing for public ownership of the US railroad system, which is commonplace throughout much of the world.
Read more...Tipping Is Not a Reward—It’s an Insult
Tipping legalizes subminimum wages and keeps workers subservient to the whims of employers and customers.
Read more...Occupy the SEC Questions Unduly Generous Treatment of Disclosures by Corporate Beneficial Owners, aka Potential Tax Evaders
Occupy the SEC objects to portions of supposed corporate transparency regulation that hide more than is called for.
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