High Tech Pork: The Pentagon’s New Wonder Weapons for World Dominion
On the Pentagon’s costly, misguided love affair with futuristic tech.
Read more...Category Archives: Ridiculously obvious scams
CalPERS Goes for Secrecy Over Returns; Exploring Paying Additional Layer of Private Equity Fees by Outsourcing to BlackRock
CalPERS is exploring having BlackRock hide its private equity problems under a costly rug.
Read more...Don Quijones: ECB Tightens Noose Around Bank Accounts
ECB moves to lock up the money of unsuspecting depositors to prop up collapsing banks.
Read more...Yankees, Red Sox Hit Up Fans for Hurricane Harvey Relief, and Eschew Much By Way of Their Own Direct Donations
Teams promote market for fans to bid on memorabilia for Harvey relief rather than stepping up to the plate to donate much directly.
Read more...Moody’s on Amazon: “Weakest of the Big US Retailers”
Moody’s throws a big bucket of cold water on Amazon frenzy. Will investors take heed or will it take longer for reality to sink in?
Read more...New America Foundation Head Anne-Marie Slaughter Botches Laundering Google’s Money, Fires Anti-Trust Team at Eric Schmidt’s Behest
Google henchwoman Anne-Marie Slaughter has shown far too openly how Google is throwing its money and weight around in DC.
Read more...What Does the Surprise Selection of Expedia’s Dara Khosrowshahi as CEO Mean for Uber?
Does the choice of Expedia’s Dara Khosrowshahi to be Uber’s CEO increase the odds of the local transportation company’s success?
Read more...Data Scientist Cathy O’Neil: “Algorithms Are Opinions Embedded in Code”
On the real and present dangers of rule by algorithm, or as Lambert has called it, “code as law”.
Read more...More Duelling Court Filings in Uber’s Kalanick v. Benchmark Death Match
An update on the pitched battle at Uber between the Kalanick and Benchmark factions.
Read more...UK Bank IT Train Wreck Demonstrates Why Algos Can Be a Terrible Idea
Not only are algos not magic bullets, but there are times they can only make things worse, as UK subprime lender Provident shows.
Read more...Mutual Funds Cut Uber Valuation by as Much as 15%
It’s getting harder to put lipstick on the Uber pig.
Read more...Trump and the Infrastructure of Fascism
How Trump’s infrastructure plan is a thinly-disguised privatization and deregulation scam.
Read more...Uber PR Story on Supposed Financing Falling Apart as Warring Board Members Trade Barbs
Things are so bad at Uber that planted stories are falling apart within days.
Read more...Fiduciary Rule: Helps Not Hurts Wall Street, So Full Rescission Unlikely
WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.
Read more...New York Times Claims Bidders Circling Uber….But How Serious Is This, Really?
The Uber soap opera continues, and the New York Times is doing its part by applying lots of porcine maquillage.
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