Category Archives: Ridiculously obvious scams

Mission and Money Clash in Nonprofit Hospitals’ Venture Capital Ambitions

Though their tax-exempt status is predicated on charitable efforts, nonprofit health systems rarely put humanitarian goals first when selecting investments.

EXPOSED: Transcript of CalPERS Closed Session on Ben Meng Departure Shows Clear and Extensive Violations of Transparency Laws, Builds Case for Contempt Ruling by Judge Markman (Presiding)

Oops! CalPERS released nearly all of a transcript of a board meeting after Ben Meng’s resignation that it was fighting to keep secret.

The Contempt in Tangy Ranch Doritos

Doritos as a case study in companies flavor-reverse-gaslighting their customers.

Notes on the ‘Loss’ of Afghanistan

Cleaning up some misperceptions about the US operation in Afghanistan, including the idea that it was a country.

Michael Hudson: Biden Forfeits His Afghan Victory by Defending His Deep State Advisors

Biden gave a bizarre justification of the horrifically mismanaged US exit from Afghanistan, revealing his capture by intel incompetents.

CalPERS Comes Dead Last of 34 Public Pension Returns Despite Having Biggest, Best Paid Investment Office

CalPERS can’t manage its way out of a paper bag.

Michael M. Thomas, R.I.P

I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.

The War Nerd: Was There a Plan in Afghanistan?

Trying to make sense of Afghanistan.

Pfizer CEO to Public: Just Trust Us on the Covid Booster

“All of this has sown a sense of confusion about what exactly will work, and when.”

Climate Activists Target Banks’ Greenwashing in Nationwide #DefundLine3 Protests

Banks fund new oil pipelines that will generate climate pollution for decades. They are greenswahing their loans as ‘sustainability’ measures

National Academies’ Report Took Pharma-Friendly Stance After Millions in Gifts From Drugmakers

The National Academy of Science has been caught out repeatedly for not disclosing Big Pharma ties as it issues cronyistic reports

Why Elon Musk Isn’t Superman

Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.

US History Shows Spending on Infrastructure Doesn’t Always End Well

Despite promoters’ claims, infrastructure projects often aren’t great public successes.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Seven: Despite Staggering Losses, the Uber Propaganda Train Keeps Rolling

How Uber keeps pumping hot air into a financially flaccid business.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Six: With No Hope of Real Profits, Uber and Lyft Double Down on Fake Profit Metrics

Uber continues to hemorrhage cash and rack up impressive negative operating margins, yet the press eats up its accounting misdirection.