Donald Trump, Gun-Runner for Hire
Not only does America love guns but the Administration really loves gun merchants.
Read more...Category Archives: Ridiculously obvious scams
The Fracking Industry Is Cannibalizing Its Own Production, Increasing Spill Risks
Fracking companies are drilling too many wells in close proximity to one another, and when they frack the newer wells — known as child wells — those “bash” or “hit” the older wells, cannibalizing production and sometimes damaging the older well. The industry knows not how to solve this problem.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Sixteen: Is Morningstar’s Horrendously Bad Uber Analysis a Preview of Uber’s IPO Propsectus?
Why a Morningstar report on Uber’s IPO prospects does not begin to add up.
Read more...ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
The Turkish lira’s swan dive is causing all sorts of collateral damage.
Read more...Bill Black: Pre-Crisis “4506-T Studies” Showed Massive Fraud in Liar’s Loans; Fed Ignored Warning, DoJ Refused to Target Implicated Banksters
Yet another proof that the authorities were given evidence of widespread mortgage fraud before the crisis and chose to do nothing about it.
Read more...Wolf Richter: Tesla Discloses Worst Quarterly Loss Ever, But Where Are the 17,000 Model 3 Cars it “Produced” But Didn’t “Deliver”?
So far, the SEC and investors are ignoring Tesla’s sus-looking production figures.
Read more...Los Angeles Times Slams CalPERS for Vetting Failures That Led to Exit of CFO Asubonten for Resume Misrepresentations, Doubts Whether CEO Marcie Frost Has Made Needed Changes
Mike Hiltzik of the Los Angeles Times weighs in on the fiasco of CalPERS’ hiring of Charles Asubonten.
Read more...CalPERS Former CFO Charles Asubonten’s Appeal of Termination Confirms Due Diligence Failure by CalPERS; Will Board Hold CEO Marcie Frost and General Counsel Matt Jacobs Accountable?
The final chapter in CalPERS’ sorry Asubonten affair.
Read more...Missed Visits, Uncontrolled Pain And Fraud: Report Says Hospices Lacks Oversight
Hospices, which were intended to offer a dignified and humane alternative to costly and often painful and distressing end of life “interventions,” sadly often offer substandard care.
Read more...Taxcast: A Firewall to Protect EU Citizens from the Big Four Accountancy Firms and the Tax Avoidance Lobby
In the Tax Justice Network’s July 2018 Taxcast, Vickie Cann and John Christensen examine a proposal for a firewall to protect EU citizens from the Big Four accountancy firms and the tax avoidance lobby, as well as look at a new report from the Corporate Europe Observatory.
Read more...Argentina 20 Years On: Has the IMF Really Changed Its Ways?
The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.
Read more...The Missing Profits of Nations
Profit shifting is a key driver of the decline in global average statutory corporate tax rate, which has fallen by more than half
Read more...Good News? Percentage of Americans Who Believe Climate Change is Real Reaches New High
Public seems to be getting the memo about climate change– despite the forces arrayed to fog this issue and Trump’s abysmal policies. Has this shift come too little, too late– and will necessary policy changes follow?
Read more...Michael Hudson: Argentina Gets Biggest IMF Loan in History
Leftout podcast of The Hudson Report, with Michael Hudson, discussing the award to Argentina of the biggest loan in the IMF’s history (includes transcript).
Read more...Why Is CalPERS’ Staff Serving Up Tech Charlatanism to Its Board?
CalPERS’ staff enlists McKinsey to pull yet another fast one on its board.
Read more...