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.

‘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.

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.

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.

Bailout Shenanigans: Making 2008 Look Good?

The bailout bill looks shameless, even by Trump Administration standards.

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.

How McKinsey Got Greedy

How McKinsey put money over its once vaunted firm values.

Closing Polling Places Is the 21st Century’s Version of a Poll Tax

Voter disenfranchisement via shuttering polling sites.

‘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.

CalPERS Legacy Assets: How Much in Overvaluation Has CalPERS Been Hiding?

CalPERS apparently needs to take a bath on its legacy assets.

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.

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 […]

‘Internet of Things’ Could Be an Unseen Threat to Elections

How more IoT = more messed up elections

Is the U.S. Fracking Boom Based on Fraud?

Is the seamy side of fracking the only side?

Let’s Crush the Woke Plutonomy! An Interview + Review of The Populist’s Guide to 2020: A New Right and New Left are Rising by Krystal Ball and Saagar Enjeti

How the ordering of the world to suit the 1% – also known as plutonomy – has generated long-overdue “populist” pushback.