Category Archives: Ridiculously obvious scams

Financial Times Tells CalPERS Not to Go Further Into the Private Equity Haunted House

The Financial Times debunks private equity flim-flammery even as CalPERS and others sign up for more.

Google Censorship: AI Run Amok Threatens Demonetization Over a Navigation Page with No Ads, An Article on a Foreign Policy Best-Seller Deemed Anti-Vaxx, and More Flagrant Errors

Google tries to censor this site based on a systematically flawed AI review. How many others will be victims of bad algos?

Private Equity Buying Up Accounting Practices. What Could Go Wrong? The Health Industry Gives Some Ideas

Private equity is setting out to hoover up accounting practices. The sorry experience in health care says there is cause for pause.

Experts: Negotiating Big Pharma’s Prices Won’t Stifle Innovation—They Don’t Use the Money to Innovate!

Physician-scientist Fred Ledley and economist William Lazonick debunk Big Pharma arguments against Medicare drug price negotiation

Ultra-Processed People in an Ultra-Processed World

The scientific, health, and political debate over the true cost of ultra–processed has just gone mainstream….which is late.

Financial Crises and Tax Havens

Tax havens not only facilitate tax evasion and corruption in ‘normal times’, they also harbour funds during economic crises, slowing down recovery.

How Should the Government Negotiate Medicare Drug Prices? A Guide for the Perplexed

How some key points on negotiating Medicare drug prices under the Inflation Reduction Act were oddly left open, arguably much too open.

War Is Bad for You — And the Economy

How war spending serves as a cover for the distribution of pork at the expense of American needs.

Wolf Richter: Nvidia, the WTF Chart of the Year. Tesla also Had WTF Charts of the Year before Shares Plunged

Because these price spikes are a state of mind. And when that state of mind changes – see Tesla.

Michael Hudson: Higher Education Crapification – The New School Case Study

How the education part of higher education has become an afterthought.

IM Doc Warns of Coming Medical Dystopia in the US via Pervasive Recording of Visits, AI Test Ordering and Upselling

The coming horror of the loss of privacy and degradation of service via the brave new world of AI administered medicine.

Bizarre Valedictory Interview by CalSTRS Investment Chief, Chris Ailman, Asks Private Equity to Be Nice and Share with Workers

A revealing, and not at all in a good way, discussion of private equity by departing CalSTRS Chief Investment Officer Chris Ailman.

Bill Lerach on Litigating Corporate Wrongdoing: “The System Is Set Up to Defeat Deterrence”

The formidable and controversial former lawyer Bill Lerach explained in a recent interview why corporate misconduct is so deeply entrenched.

A Look at Private Equity’s Medicare Advantage Grifting

More on why Medicare Advantage is a criminogenic environment. And private equity has gotten in on the action.

What Would Happen If Biden Stepped Aside?

The alternatives if Biden does not make it to the convention, the options are ugly.