“Unrealized Losses” on Securities Held by Banks, Oh Dearie, the Whole Schmear: +8%, to $558 Billion
We now have to pay attention to unrealized losses in the banking system.
Read more...Category Archives: Ridiculously obvious scams
I Posed as a Private Jet Customer. This Is What I Was Told About Emissions
Private jet companies want us to believe in “guilt-free” and “carbon-neutral” flights despite their sky-high emissions
Read more...Income Share Agreements for Higher Education Get a Rebrand
Agreements in which students owe a percentage of post-graduate income are likely to lead to more peonage as Wall Street is eager to get in on the action.
Read more...As Hydrogen Projects Accelerate, Fears Mount About Environmental Impacts
The fossil fuel industry’s latest greenwashing effort is proving a difficult sell in the American Midwest.
Read more...How Economists Distorted Economic Theory to Help Big Companies Get Bigger
Economists had to play fast and loose with economic theory to deploy their merger “efficiency” arguments.
Read more...Book Review: Two Critiques of America’s Ailing Health Care System
Two new books chronicle the shortcomings of the nation’s health care system, if you can call it that.
Read more...Medicare for All, Not Medicare Advantage
How Medicare Advantage plans raid taxpayer funds and routinely fail to deliver the care that patients expect and deserve.
Read more...The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility
Stock buybacks, aka corporate financialization, as a mode of predatory value extraction
Read more...A Peek at Big Pharma’s Playbook That Leaves Many Americans Unable to Afford Their Drugs
The Biden Adminstration has implemented some modest curbs on drug prices. Big Pharma is fighting a rearguard action in court.
Read more...“Venture Capital Funds Are Mostly Just Wasting Their Time and Your Money”
Yet more evidence that venture capital is good for the fund managers, not so much for anyone else.
Read more...CDC’s HICPAC to Gut Hospital Masking Protection for Patients Based on Shoddy “Evidence Review” (and in Further Violation of FACA)
A searching examination of HICPAC’s anti-mask “Evidence Review.” Grab a cup of coffee!
Read more...Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich
In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.
Read more...Energy Dept. Announces $1.2 Billion to Advance Controversial Climate Technology (“Direct Air Capture”)
“Direct air capture,” another fossil fuel scam.
Read more...FDA Tries to Pretend It Didn’t Oppose Ivermectin Use for Covid
The FDA attempts to distance itself from its earlier hostility to Ivermectin as a Covid remedy, but too many people have good memories.
Read more...Are Corporate Executives Expendable?
Analysts across the political spectrum challenge massive paychecks of corporate chiefs—and whether companies can survive without them.
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