Wolf Richter: Coronavirus Drives Barrage of New Lobbying Activity
Follow the money – Congressional lobbying activity and who wins and who loses from coronavirus relief.
Read more...Category Archives: Ridiculously obvious scams
Who Benefits When the Price of Insulin Soars?
Contrary to pharmaceutical company claims, revenue from high insulin prices are going to shareholders, not R&D
Read more...CalPERS Staff Seeks to Strip Board of Remaining Authority Even as Press Exposes Multi-Billion Cost of Lack of Supervision; Elected Board Members Thumb Nose at Public by Seeking to Be Paid for Doing Almost Nothing
CalPERS staff is up to more dirty tricks. Push back by e-mail in public comments. Bad press already has them on the back foot.
Read more...Taleb Questions CalPERS Ben Meng’s Competence and Honesty in Defending Missed $1 Billion Hedge Gain; Taleb Estimates CalPERS Net Loss on Meng’s “Alternative Mitigation” Over Two Years at $19 Billion
Nassim Nicholas Taleb calls out one of CalPERS CIO Ben Meng’s Big Lies, and unearths an even bigger one.
Read more...Fatal Combination: Bailouts and Bank Rescues in Money-Driven Political Systems
A tidy case study into how much money it takes to buy Congressional votes.
Read more...Somebody Needs to Tell Chuck Schumer that the Entire Working Class Is “Heroic,” Not Just “Essential Workers”
Schumer’s “Heroes Fund” would create a new labor aristocracy
Read more...The Use and Abuse of MMT
Using government spending power to bail out financiers and rentiers makes a travesty of MMT.
Read more...New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks
An article by Fed and FDIC researchers argues for hiding banks’ dirty laundry. Too bad the authorities didn’t make banks shape up instead.
Read more...Amid COVID-19 Pandemic, Some Pipeline Projects Push Forward While Others Falter Nationwide
Pipeline projects proceed, sometimes on a stealth basis, under cover of the COVID-19 crisis and despite the collapse of world oil prices.
Read more...Right to Repair and Ventilators: Saving COVID-19 Patients
The coronavirus crisis highlights the importance of ensuring wide access to repair information for lifesaving machines, such as ventilators.
Read more...The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
Why you should hate the coronavirus “stimulus” bill.
Read more...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.
Read more...‘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.
Read more...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.
Read more...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.
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