Category Archives: Ridiculously obvious scams

Don Quijones: After a String of Corporate Scandals and Collapses, “Big Four” Accounting Giants Face Breakup in the UK

The Big Four accounting firms desperately need to be reformed. But are UK regulators up to the task?

Remote-Controlled Self-Driving Cars: Unworkable Technology for Unproven Technology

Debunking a scheme to reduce the risk of self-driving cars: remote control operators.

The Hudson Report: The Economic Impact of Bipartisan Bank Deregulation

Michael Hudson debunks the talking points used to sell the just-passed bank deregulation bill.

Hubert Horan: Can Uber Ever Deliver? Part Fourteen: The New Yorker Lays Out the Template for Pro-Uber Propaganda

Dissecting the New Yorker’s fawning profile of new Uber CEO Dara Khosrowshahi.

Wolf Richter: Collapse of Cryptocurrencies in Q1 – Even the Biggest Crashed 67% to 88%

Cyrptocurrencies’ wild ride is looking more and more like a skydive with no parachute.

Leaky Fed: New Study Uses Taxi Ride Data to Show Increase in Visits When Blackout Lifted and Around FOMC Meetings

Taxi ride data suggests that the Fed is throwing some juicy informational bones to big banks, whether by accident or design.

Current Kentucky Retirement Systems Trustees Considering Throwing Predecessors Under the Bus to Get Blackstone and KKR

Is a pension fund management revolution brewing in what would seem to be the most unlikely place, that hotbed of corruption, the Kentucky Retirement Systems?

Gaius Publius: How to Turn Off Third-Party Data Access to Your Facebook Account

A how-to for people who can’t give up on Facebook but want to reduce their snooping exposure.

Bank Enthusiasm for Blockchain Waning

Blockchain hype is finally meeting commercial realities.

Wolf Richter: Tesla Slammed by Tesla (and Moody’s)

Tesla’s bubble is starting to deflate.

Over One Fifth of Student Borrowers Used Loans to Gamble on Cryptocurrencies

A new category of cryptocurrency sucker, and even worse, leveraged traders to boot.

Was Carillion’s Collapse the Beginning of the End for the UK’s Outsourcers?

Two large British outsourcers are also on the verge of collapse, and the vultures are circling.

Bill Of The Month: For Toenail Fungus, A $1,500 Prescription

Not only was the bill for a toenail fungus topical cream shockingly high, but the pharmacy dispensing it was able to tap directly into the patient’s health reimbursement account.

“Welcome to Hell”: Barcelona Taxi Drivers Prepare for Uber’s Return

Uber faces a rumble from Barcelona’s taxi drivers.