Category Archives: Ridiculously obvious scams

“How Much Longer Can We Trust Our Economic Statistics?”

Trump budget whackage will further degrade the quality of official statistics. And that really does matter.

Abundance of Accelerationism: Democrat Rebrand Promises to Keep Foot on the Breakdown Gas

If Elon Musk were to really start his own political party, would that signal that the donor class no longer has any use for the Democrats?

Africa’s Minerals Are Being Bartered for Security: Why It’s a Bad Idea

A minerals-for-security deal among the DRC, Rwanda and the US is as bad as the Ukraine “raw earths” security commitments.

Good Riddance: CalPERS’ Atrocious General Counsel Matt Jacobs to Retire

A partial catalogue of the horrowshow of Matt Jacob’s tenure as CalPERS general counsel.

Insurers Dump Catastrophe Risk of Climate Change and Earthquake to Chump Bond Investors. What Could Go Wrong?

Garden variety investors, including retail, are signing up to insure climate change and other disaster risk via catastrophe bonds.

Genius Act: This New US Crypto Law Could Pave the Way for the Next Global Financial Crisis

On top of the leverage bombs in the US and other financial systems, the embrace of crypto, specifically stablecoins, is another systemic risk

“The Pandora’s Box Has Been Opened”: Von der Leyen Faces Impeachment Risk

EU Commission head Ursula von der Leyen is (finally) in some trouble. How much of a sweat does she need to break to survive?

Broligarchs Demand Silicon Valley Bank 2.0: What Could Go Wrong?

It seems no idea is too stupid not to get a following. This one is to recreate Silicon Valley Bank, a standout failure.

CalPERS Retiree Group Launches GoFundMe for Investigation on Private Equity Fees

CalPERS retirees are raising funds to have a big go at private equity fee secrecy. Please chip in if you are a California taxpayer!

The Dark Side of Ecotourism: When Green Travel Exploits People and the Planet

As luxury eco-retreats and voluntourism surge, experts warn that without systemic reform, ecotourism may be doing more harm than good.

On the Accelerating Decline in US Medical Training, and With It, Doctor Competence

A warning to US readers on the further degradation in medical training and resulting crapification of care.

Coffee Break: Nihilists at Google Wrecking Existing Business to Chase AI Growth

Nihilism on the part of Alphabet’s CEO explains Google’s willingness to risk its search business and the open web itself to chase OpenAI.