Category Archives: Ridiculously obvious scams

Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different?

The latest installment in Justin Mikulka’s excellent series on fracking. The industry continues to promote new and improved saviors – this time, it’s Microsoft – to rescue it from an inconvenient truth: no one’s making any money, despite the high environmental costs incurred.

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JJ Jelincic: CalPERS’ Plan to Create 2 New Private Equity Companies, Give Away Billions With No Control Makes No Sense….Except to Make Fund Managers Rich

CalPERS still can’t justify its new private equity business model, and has even retreated to calling it just a concept, yet it wants the board to sign a blank check at next week’s meeting.

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The Doomsday Economics of ‘Proof-of-Work’ in Cryptocurrencies

Why inherent problems with cryptocurrency liquidity are already leading to consideration of other methods for validating blockchain updates. They are likely to prove unsatisfactory and therefore call for verification by a trusted institution….defeating the rationale for cryptocurrencies.

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Bezos Admits His Fortune Is Due to Public Infrastructure….Even as He Fought Paying a Homeless Tax in Seattle, Shakes Down Cities for Subsidies

Bezos admits he and other squillionaires didn’t do the “heavy lifting” of building the infrastructure on which tech enterprises depend….yet tries to depict a space venture as a greenfield project. Help me.

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Cancer’s Complications: Confusing Bills, Maddening Errors And Endless Phone Calls

Yves here. I am sure readers have many stories of their own from personal or family experience about how the health insurance industry shamefully goes into denial and delay mode with cancer patients. I know of all of one person who didn’t have a horrible time, but even then, as a widowed middle aged woman […]

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