Toys R Us: Another Private Equity Casualty
What killed Toys R US? Amazon,Walmart? The numbers say the company’s yet the latest in a string of retail casualties to private equity greed.
Read more...Category Archives: Ridiculously obvious scams
Bill Black: Massachusetts First to Sue Equifax Over Massive Hack
Several government agencies and at least 34 state attorneys general have opened probes into the Equifax data-breach scandal–‘the gift that keeps on giving,’ says Bill Black.
Read more...Wall Street Journal Reports on SoftBank Offer for Uber….Yet No Other Press Outlet is Picking the Story Up
Why are major media outlets uncharacteristically ignoring a big SoftBank-Uber story that the Wall Street Journal broke yesterday?
Read more...More Signs of Private Equity Market Frenzy: Firms Selling Stakes
Yet more evidence that the private equity market is overheated.
Read more...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...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.
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