Jay Clayton’s SEC Lets Theranos Founder Elizabeth Holmes Get Away With Brazen Fraud
The SEC did Elizabeth Holmes a monster favor with its pathetic settlement over her “massive” Theranos fraud.
Read more...Category Archives: Ridiculously obvious scams
So Bad the DoJ Woke Up: Saline Bag Makers Look to Have Endangered Patients Via Illegal “Tying” and Price Gouging
Saline bags are a new example of medical industrial complex rent extraction that also put patients at risk.
Read more...Stock Buybacks Hurt Workers and the Economy. We Should Ban Them.
The Reagan Administration ushered in stock buybacks as legalized manipulation. Time to put it to an end.
Read more...MIT Study: Median Uber and Lyft Profits Less Than Half Minimum Wage; 30% of Drivers Lose Money
Yes, it is now official: you really are engaged in exploitation when you use Uber or Lyft.
Read more...Time to Stand Up for Dumb
The New York Times today gives an extremely cautious and narrow defense of traditional, now denigrated as “dumb” devices: In an Era of ‘Smart’ Things, Sometimes Dumb Stuff Is Better. It listed a grand total of five examples: A wristwatch vs. Apple Watch A car mount vs. a smart car console An alarm clock vs. […]
Read more...Killing a Parasite — Canceling Student Debt, Part 1
How student debt is killing its host.
Read more...Bill Black: Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption
Bill Black discusses how in two years Latvia has morphed from poster child for austerity for the financial press to a nest of banking corruption.
Read more...Trump’s Bogus Infrastructure Plan Takes the U.S. Further Down the Road of Rentier Capitalism
The public-private partnerships Trump proposes are a sick neoliberal joke.
Read more...New JAMA Study Shows that Electronic Health Records Do Not Reduce Administrative Costs
New study on the EHR debacle shows that our multiple payer system creates the complexity that prevents cost-saving and makes EHRs so hard to implement
Read more...Law Professor Proposes Bringing Back Indentured Servitude
Indentured servitude is the new idea for how to get immigrants to come to American at less than minimum wage pay.
Read more...Andy Slavitt’s United States of Care: A Second “Undertaking” (and What We Can Expect From It)
@USofCare, accounting control fraud, financial predation, conflict of interest, and abuse of workers.
Read more...Wolf Richter: “Blockchain” Stocks Completely Disintegrate
Blockchain plays have collapsed at an astonishing speed.
Read more...Can Uber Ever Deliver? Part Thirteen: Even After 4Q Cost Cuts, Uber Lost $4.5 Billion in 2017
How the business press got the story on Uber’s latest financial report wrong.
Read more...Wells Fargo Screws Customers Yet Again, Now Failing to Make Right on Abuses; Elizabeth Warren Demands Answers
Wells Fargo is still up to no good…
Read more...Private Equity Firms Turn Up Noses at Trump’s Infrastructure Headfake
A perverse bit of good news: PE firms don’t like Trump’s infrastructure scheme.
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