Can Facebook’s Mark Zuckerberg Be Trusted To Turn Facebook into a “Privacy-Focused Communications Platform?”
Spoiler alert: No.
Read more...Category Archives: Ridiculously obvious scams
TD Bank: America’s Most Inconvenient Bank
Why you should not bank at TD Bank.
Read more...Outsourcing Giant Interserve with 65,000 Employees Collapses
Another UK outsourcing implosion in just over a year….what gives?
Read more...Prominent CalPERS Beneficiaries Send Forceful, Savvy Objections to the Proposed Private Equity Scheme; Contrast With Canned Letters CalPERS Pressed Allies to Submit
As important stakeholders sound alarms, more evidence that CalPERS can’t make an honest case for its “new” private equity scheme and is calling in chips in a big way to cover for that.
Read more...Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different?
The latest installment in Justin Mikulka’s excellent series on fracking. The industry continues to promote new and improved saviors – this time, it’s Microsoft – to rescue it from an inconvenient truth: no one’s making any money, despite the high environmental costs incurred.
Read more...JJ Jelincic: CalPERS’ Plan to Create 2 New Private Equity Companies, Give Away Billions With No Control Makes No Sense….Except to Make Fund Managers Rich
CalPERS still can’t justify its new private equity business model, and has even retreated to calling it just a concept, yet it wants the board to sign a blank check at next week’s meeting.
Read more...Bill Black Analyzes Brad DeLong’s Stunning Concession: Neoliberals Should Pass the Baton and Let the Left Lead
Bill Black analyzes Brad DeLong’s concession that neoliberals should get out of the way and let the left lead since their coalition with Republicans did not work.
Read more...The Doomsday Economics of ‘Proof-of-Work’ in Cryptocurrencies
Why inherent problems with cryptocurrency liquidity are already leading to consideration of other methods for validating blockchain updates. They are likely to prove unsatisfactory and therefore call for verification by a trusted institution….defeating the rationale for cryptocurrencies.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Eighteen: Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable
Lyft’s prospectus doesn’t even pretend that the company might become profitable, let alone justify a $20-25 billion valuation.
Read more...CalPERS CEO Marcie Frost Gives Contradictory, Nonsensical Justifications for Muscling the Board to Approve Private Equity Scheme in March
Frost’s justifications for CalPERS new private equity scheme becomes more incoherent as time goes on, but that is unlikely to prevent the captured board from giving it a green light.
Read more...Bezos Admits His Fortune Is Due to Public Infrastructure….Even as He Fought Paying a Homeless Tax in Seattle, Shakes Down Cities for Subsidies
Bezos admits he and other squillionaires didn’t do the “heavy lifting” of building the infrastructure on which tech enterprises depend….yet tries to depict a space venture as a greenfield project. Help me.
Read more...Deregulating Banks Fueled Speculation, Not Productive Investment
More proof that letting banks have their way is not such a good idea…at least for non-financiers.
Read more...Cancer’s Complications: Confusing Bills, Maddening Errors And Endless Phone Calls
Yves here. I am sure readers have many stories of their own from personal or family experience about how the health insurance industry shamefully goes into denial and delay mode with cancer patients. I know of all of one person who didn’t have a horrible time, but even then, as a widowed middle aged woman […]
Read more...Wall Street Journal Story Confirms That CalPERS Plans to Overpay Grossly in Its New Private Equity Scheme
More proof (as if you needed it) that CalPERS is clueless.
Read more...Bills Criminalizing Pipeline Protest Arise in Statehouses Nationwide
Comprehensive overview of eight state-level initiatives promoted by oil and gas industry lobbyists to criminalize pipeline protests.
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