The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
Why you should hate the coronavirus “stimulus” bill.
Read more...Category Archives: Ridiculously obvious scams
RJ Eskow: 7 Rules for the Boeing Bailout
As the world struggles with the pandemic, Boeing should be seen as the vector for a parallel epidemic. It’s Patient Zero in an epidemic of corporate failure. As we change the way we live our lives, corporations like Boeing should change the way they are run. Corporate mismanagement made this crisis worse and, if it doesn’t change, will make the recovery more difficult.
Read more...‘This Is a Massive Scandal’: Trump FDA Grants Drug Company Exclusive Claim on Promising Coronavirus Drug
Granting “orphan” drug status to Gilead Sciences for remdesivir, its potential coronavirus treatment, is a massive boon to the company.
Read more...Rule Number 1 for Government Bailouts of Companies: Make Sure Voters and Taxpayers Share in the Upside
If the public is to be asked to give bailouts to businesses, it should get something back for its money. It needs to share in any upside.
Read more...Global Level 4 Travel Advisory: Stealth Subsidy for Insurers?
The State Department’s global level 4 health advisory,recommending US citizens not travel internationally, has travel insurance implications.
Read more...Bailout Shenanigans: Making 2008 Look Good?
The bailout bill looks shameless, even by Trump Administration standards.
Read more...A Modest Proposal: Make Sure the Public Knows, in Real Time, When Congresscritters are Dumping Shares
The COVID-19 specter led Congresscritters to coo reassurance, and dump shares. A modest proposal: require immediate disclosure of trades.
Read more...How McKinsey Got Greedy
How McKinsey put money over its once vaunted firm values.
Read more...Closing Polling Places Is the 21st Century’s Version of a Poll Tax
Voter disenfranchisement via shuttering polling sites.
Read more...‘Grotesque Level of Greed’: Owned by World’s Richest Man Jeff Bezos, Whole Foods Wants Workers to Pay for Colleagues’ Sick Leave During Coronavirus Pandemic
Jeff Bezos continues to abuse his workers, this time (or more accurately, again) at Whole Foods.
Read more...CalPERS Legacy Assets: How Much in Overvaluation Has CalPERS Been Hiding?
CalPERS apparently needs to take a bath on its legacy assets.
Read more...Why You Should Stop Using or Cancel Your Citi Mastercard: Systematic Violation of Cardmember Chargeback Rights, Insistence on Using Fraud-Friendly Voiceprints
Citi is doing a number on its own and the Mastercard brand name with cringe-makingly inept and dishonest credit card operations.
Read more...Boeing Crashes: $43 Billion in Share Buybacks Turn into Existential Threat
Yves here. When we made grim prognostications about Boeing’s future, we were treated as nuts. By Wolf Richter, editor at Wolf Street. Originally published at Wolf Street Boeing’s shares [BA] came unglued, plunging 18.1% today, after having already plunged over the past four weeks. Since February 12, shares have crashed 46%, and since the peak […]
Read more...‘Internet of Things’ Could Be an Unseen Threat to Elections
How more IoT = more messed up elections
Read more...Is the U.S. Fracking Boom Based on Fraud?
Is the seamy side of fracking the only side?
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