The Global Financial Crime Wave Is No Accident
Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange recognized.
Read more...Category Archives: Ridiculously obvious scams
CalPERS CEO Marcie Frost Misrepresentations Scandal Not Going Away: Former Board Member and Board Designee Continue to Press for Investigation
CalPERS CEO Marcie Frost is still getting heat over her misrepresentations before and after her hiring.
Read more...Another Blow to the Biometric ID Fairy: Researchers Show ‘Master’ Fingerprints Can Bypass Smartphone ID Sensors
New research shows that ‘master’ fingerprints can bypass smartphone fingerprint ID systems – thus striking another blow at the biometric ID fairy.
Read more...Uber Releases Ugly 3Q 2018 Results: Losses Widen to $1.1 Billion, Growth Slows
It”s getting hard to believe Uber’s story.
Read more...Marshall Auerback: Apple Has an Early Case of GE’s Disease
Silicon Valley stars like Apple suffer from financialization—the same ailment that felled GE and Lucent.
Read more...Only Fools Rush In: CalPERS’ Utterly Barmy Governance Structure for New Private Equity Vehicles Creates Irresolvable Conflicts of Interest
CalPERS’ new PE business model embodies major corporate governance flaws– yet another reason to question Marcie Frost’s competence as CEO.
Read more...Why Plans to Turn America’s Rust Belt into a New Plastics Belt Are Bad News for the Climate
This important post discusses the link between climate change and increased plastics production via the creation of a Plastics Belt in the former Rust Belt, using natural gas derived from fracking.
Read more...Publishing and Promotion in Economics: The Tyranny of the Top Five
One of the reasons little has changed in economics despite the financial criss showing it to be deeply flawed is the power of the “top five” journals, which show both inbreeding and clientelism.
Read more...CalPERS CEO Marcie Frost Describes Her Intent to Leave the CalPERS Board Holding the Bag for Flawed Private Equity Scheme She’s Pushing Them to Approve
CalPERS CEO Marcie Frost is totally out of her depth, but as drowning people often do, she’ll pull other people down to save herself. In this case, it’s the CalPERS board.
Read more...What’s the Problem with Financialization?
Some of the analytical sleights of hand used to promote the ideology of financializatation.
Read more...CalPERS Stakeholder Groups Refuse to Run CEO Marcie Frost’s Misrepresentations About Its Reckless, Unjustified Private Equity Scheme
CalPERS CEO Marcie Frost continues to damage her already-tarnished name by flogging a hare-brained private equity “new business model” for which she cannot provide a coherent justification.
Read more...Right to Repair Redux: The Economist Gets with the Program, While Alas, Apple Continues to Lag
Latest updates on the right to repair, discussing crucial skirmishes in the ongoing war on waste. The Economist recognizes the important issue, and US DHS supports Apple’s spurious, anti-repair claims.
Read more...How Private Equity Bankrupted Seven Major Grocery Chains for Fun and Profit
Grocery chains as yet another example of private equity looting, and what policymakers should do to stop that.
Read more...How $14 Billion Private Equity Firm Abraaj Went Bust
The remarkable tale of the biggest private equity fund insolvency evah, Abraaj.
Read more...Trump Bails On Coal Industry Incentives
Trump is abandoning coal industry subsidies after running into a buzz saw of opposition.
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