Why I’m Not Keen About Telemedicine, US Style
Telemedicine has a lot of warts.
Read more...Category Archives: Ridiculously obvious scams
Pandemic Profiteering: How the Military Goes to the Head of the Covid-19 Bailout Line
How the coronavirus has helped the US military up its grifting game.
Read more...Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us
Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
Read more...Schadenfraude Alert: Airbnb Mini-Moguls in Meltdown as Bookings Collapse
Once fat and happy Airbnb landlords are now in a world of hurt.
Read more...CalPERS Out of Control: Stunningly High Number of Personal Trading Violations, Yet Board Ignored the Misconduct
CalPERS yet again manages to exceed expectations in a bad way.
Read more...‘No Warming, No War’: Report Details How US Militarism and Climate Crisis Are Deeply Interwoven
“In the face of both COVID-19 and the climate crisis, we urgently need to shift from a culture of war to a culture of care.”
Read more...Max Blumenthal and Ben Norton With Michael Hudson: US Coronavirus “Bailout” Is a $6 Trillion Scam
Michael Hudson explians why the coronavirus bailouts are even more of a gimmie to the rich than they look.
Read more...Trump Tweet: Will Issue Executive Order Temporarily Suspending All Immigration into the United States
Last night Trump tweeted his intention to issue an executive order temporarily suspending all legal immigration into the United States.
Read more...Hissy Fit by CalPERS Board: Falsely Blames Margaret Brown for Staff Leaks of CIO Meng’s $1 Billion Giveup, Public Opposition to Staff Coup
Sports fans, it seems hard to believe, but the CalPERS board has sunk to a new low with an extended display of incompetence and pique.
Read more...‘Incrementalism Is Not Helpful in This Moment’: Ocasio-Cortez Rejects Settling for Crumbs in Next Covid-19 Stimulus
Alexandria Ocasio-Cortez says the U.S. cannot afford another incremental stmulus bill that shovels massive bailouts to big businesses alone.
Read more...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...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.
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