Our New York Magazine Article: “Uber Is Headed for a Crash”
A clinical look at Uber’s economics and prospects.
Read more...Category Archives: Ridiculously obvious scams
Amazon Wins!!!
Tallying how much Amazon extracted from taxpayers with its second headquarters bake off.
Read more...CalPERS PR Messaging on Private Equity Backfiring as Lack of Justification, Flailing About, Become Obvious
CalPERS looks not just reckless but also foolish as it keeps rejiggering a dubious private equity scheme that it presented as ready to go months ago.
Read more...Corporate PACs Plot Counterstrategy to Thwart Campaign Finance Reform
The National Association of Business Political Action Committees (NABPAC), which lobbies on behalf of PACs, believes the problem with America’s system of campaign finance is there’s not enough money in politics.
Read more...Don Quijones: Wall Street Mega-Landlord Blackstone Turns Screw on Spanish Government & Property Market
Blackstone is a major operator in the Spanish property market. This post discusses the Spanish government’s plans to enact modest protections for tenants by reforming rent laws. Will the government respond to tenant needs, or give way to the private equity firm’s implicit threat to reduce its Spanish property investments? Alas, it looks likely that the government will fail to deliver on its reform pledge.
Read more...You May Not Actually Own Your Bitcoin: Legal Expert
Yet another reason to be leery of Bitcoin and other cryptocurrencies.
Read more...As Zuckerberg Refuses to Testify, UK Seizes Thousands of ‘Potentially Explosive’ Documents Facebook Has Tried to Keep Secret
The costs of Mark Zuckerberg’s hubris keep rising.
Read more...Dirty Work: Buying Votes at the UN Security Council
Quelle surprise: pay to play in Security Council votes.
Read more...The Global Financial Crime Wave Is No Accident
Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange recognized.
Read more...CalPERS CEO Marcie Frost Misrepresentations Scandal Not Going Away: Former Board Member and Board Designee Continue to Press for Investigation
CalPERS CEO Marcie Frost is still getting heat over her misrepresentations before and after her hiring.
Read more...Another Blow to the Biometric ID Fairy: Researchers Show ‘Master’ Fingerprints Can Bypass Smartphone ID Sensors
New research shows that ‘master’ fingerprints can bypass smartphone fingerprint ID systems – thus striking another blow at the biometric ID fairy.
Read more...Uber Releases Ugly 3Q 2018 Results: Losses Widen to $1.1 Billion, Growth Slows
It”s getting hard to believe Uber’s story.
Read more...Marshall Auerback: Apple Has an Early Case of GE’s Disease
Silicon Valley stars like Apple suffer from financialization—the same ailment that felled GE and Lucent.
Read more...Only Fools Rush In: CalPERS’ Utterly Barmy Governance Structure for New Private Equity Vehicles Creates Irresolvable Conflicts of Interest
CalPERS’ new PE business model embodies major corporate governance flaws– yet another reason to question Marcie Frost’s competence as CEO.
Read more...Why Plans to Turn America’s Rust Belt into a New Plastics Belt Are Bad News for the Climate
This important post discusses the link between climate change and increased plastics production via the creation of a Plastics Belt in the former Rust Belt, using natural gas derived from fracking.
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