Chevron and Exxon Say They Can Turn Around the Failed Finances of Fracking Industry
The latest in Justin Mikulka’s excellent series on fracking follies.
Read more...Category Archives: Ridiculously obvious scams
Hubert Horan: Can Uber Ever Deliver? Part Nineteen: Uber’s IPO Prospectus Overstates Its 2018 Profit Improvement by $5 Billion
Uber’s financial data in its S-1 filing is misleading and even inconsistent.
Read more...UK-Based Multinational Department Store Debenhams Collapses After 200 Years of Trading. Thank Private Equity
Debenhams follows the sad and well trodden path of retailers bought by private equity firms.
Read more...World Bank Financialization Strategy Serves Big Finance
The World Bank continues its proud tradition of making the world safe for rentiers, um, financiers.
Read more...Ukrainian Prosecutors: Why Doesn’t the U.S. Dept. of Justice Want Our Evidence on Democrats?
Ukrainian dirt on the Bidens is languishing! Why is that?
Read more...We Need to Stop the Overdiagnosis Disease. Step 1: Remove Vested Interests
Time to stop treating people as targets for disease treatments.
Read more...Right to Repair Initiatives Gain Support in US
Minnesota may soon be the first state to adopt right to repair legislation, and measures are pending in a total of twenty states. Democratic presidential candidate Elizabeth Warren recently endorsed a national right to repair for farm equipment.
Read more...Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”
Bill Black uses Tom Friedman’s recognition just this week that Brexit is a mess as the foundation of a detailed takedown of Friedman’s propaganda, um, views.
Read more...Has Privatization Benefitted the Public?
To ensure public acceptability, some benefits accrue to many in the early stages of privatization in order to minimize public resistance. However, in the longer term, privatization tends to enrich a few but typically fails to deliver on its ostensible aims.
Read more...Defying Trump Promises, American Companies Still Playing Offshore Tax Games
Quelle surprise! A one-time tax break for US companies to repatriate offshore profits didn’t stop the gaming, nor did it generate more investment.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...Profile of a Scam: How Rick Singer Built a College Entrance Cheating Machine
An important Wall Street Journal story digs into how Rick Singer created his college entrance cheating empire.
Read more...Costly Confusion: Patients Caught by Medicare Not Covering Annual Physical Exams
Yves here. This post presents a classic example of why medical care in America sucks. It’s too much about billing and not enough about patient care. I know patients who can have a yearly visit to an MD covered under their plan as either a physical or a medium complexity visit for conditions for which […]
Read more...Can Facebook’s Mark Zuckerberg Be Trusted To Turn Facebook into a “Privacy-Focused Communications Platform?”
Spoiler alert: No.
Read more...TD Bank: America’s Most Inconvenient Bank
Why you should not bank at TD Bank.
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