Hubert Horan: Can Uber Ever Deliver? Part Twenty: Will the “Train Wreck” Uber/Lyft IPOs Finally Change the Public Narrative About Ridesharing?
A post-mortem of the Uber and Lyft IPOs.
Read more...Category Archives: Ridiculously obvious scams
Some Schools Shutting MBA Programs….But Don’t Cheer Yet
An MBA isn’t what it used to be, but the smaller programs are morphing rather than disappearing.
Read more...The Faux Revolution of Mindfulness
How the Anglo-American fad of mindfulness bolsters neoliberaism.
Read more...Bankruptcy: An Option for Taxi Drivers Crushed by Medallion Loans?
Contrary to what the NYT asserts, taxi drivers who can get competent legal advice might find bankruptcy allows them to escape onerous medallion loan burdens – and keep their medallions.
Read more...Trump’s Sneak Attack on Social Security
Trump budget proposal incorporates an attack on Social Security, advocating a switch to the chained Consumer Price Index (CPI) to index the federal definition of poverty, a step that would result in lower benefits.
Read more...Public-Private Partnerships Fad Fails
After the failure and abuses of privatization became apparent, public-private partnerships have since been promoted to mobilize private finance for the public purpose. PPPs have socialized costs and losses while ensuring private financial gains.
Read more...The Federal Government Has Poured Millions into Failing Charter Schools in Louisiana
Another fiasco: charter schools in Louisiana.
Read more...How Deep Is Boeing’s Hole?
A favorite saying of famed short seller David Einhorn is, “No matter how bad it looks, it’s worse.”. This appears particularly true of Boeing these days.
Read more...SEC to Relax Audit Requirements for Small Companies, Thus Facilitating Future Accounting Fraud
SEC proposes relaxing internal control attestation requirements for companies with annual revenues of less than $100 million.
Read more...Boeing’s Crapified Safety Culture: Airline Pressured, Overruled FAA Designees, Told FAA Late of Problems, Gave Inconsistent Stories to 737 Max Customers
The longer you look at Boeing, the uglier it gets.
Read more...War on Cash: UK’s First Till-Free Grocery Store
War on cash- issues and complications undermine business case for till-free stores.
Read more...Bill Black: Thousands Die, Millions Injured on the Job, and No Businesses Prosecuted
Bill Black describes how OSHA’s few underfunded inspectors can’t do their jobs, and prosecutors don’t prosecute businesses for non-compliance.
Read more...Wolf Richter: Tesla Discloses Record Pollution Credits for Q1: Without Them, it Would Have Lost $918 Million and Bled $1.14 Billion in Cash
Tesla’s 10-Q filing reveals that without taxpayer-funded pollution credits the company gets from the government and sells to other companies, its loss as automaker and solar-panel company would have been $918 million and its negative cash flow wouldn’t have been a cash drain of $919 million but a cash sinkhole of $1.14 billion
Read more...Apple to California Legislators: Consumers Will Hurt Themselves if Provided a Right to Repair
Apple and tech lobbyists delay a California bill to provide a statewide right to repair until 2020, claiming consumers will hurt themselves if the state capitulates on this issue. They also successfully deploy the hackers in the basement boogeyman.
Read more...Buttigieg’s Small Donor Surge: Less There Than Meets the Eye?
A first look at the data about Buttigieg’s donors raises some uncomfortable questions.
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