Wolf Richter: “Blockchain” Stocks Completely Disintegrate
Blockchain plays have collapsed at an astonishing speed.
Read more...Category Archives: Ridiculously obvious scams
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.
Read more...After Carillion, Can Capitalism Clean Up Its Act? Or Will Marx Have the Final Word?
Will Carillion and other pending outsourcer blow-ups finally put Thatcherism in its grave? And will the US have a similar wake-up call?
Read more...Cryptocurrencies Don’t Make Sense
How cryptocurrencies do a poor job of delivering on their supposed purposes.
Read more...Why CalPERS’ Private Equity Outsourcing Scheme Is Likely to Hurt Returns
Why CalPERS’ private equity outsourcing scheme is likely to leave the funds’ beneficiaries and California taxpayers worse off.
Read more...CalPERS Let New Fox in the Private Equity Henhouse: Silicon Valley Fixer Wilson Sonsini
Why Wilson Sonsini’s not-obvious role at CalPERS is another red flag for CalPERS’ private equity outsourcing scheme.
Read more...The Payback: Why Aren’t Black Voters Rewarded by the Party That Depends on Them to Win Elections?
The Democrats don’t do much for black voters, and it’s getting a bit too obvious.
Read more...Banks Wince as Wells Fargo Gets a Harder Than Usual Wet Noodle Lashing from the Fed
The Fed implements some new punishments at Wells Fargo, but this is weak tea when what is needed is rat poison.
Read more...Nomi Prins: Trump’s Financial Arsonists
How Trump’s financial deregulators are arranging more gimmies to banks.
Read more...Highly Experienced Physicians Leaving Medicine Due to Electronic Medical Records
More on the destructive impact of electronic medical records.
Read more...Dutch Police Plan to Take Clothes and Watches from People They Deem to be Dressed Too Well
The Dutch police, claiming to be targeting gangs, has a nasty new asset seizure strategy that sound like it is based on racial profiling.
Read more...New Dept of Justice Guidelines Will Stymie Whistleblowers
DoJ policy will give staff attorneys discretion to thwart legit claims by whistleblowers, thus allowing corporate wrongdoers to skate.
Read more...Puerto Rico’s New Power Struggle: Privatization
Puerto Rico announces plans to privatise its public utility, even though many residents still lack power 4 months after Hurricane Maria.
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