Category Archives: Ridiculously obvious scams

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.

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.

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.

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.

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.