Category Archives: Ridiculously obvious scams

GT Group’s Protean Ian Taylor in the UK: Reuters’ Special Report on 43 Bedford Street, and More

An ignominious decade of UK company registration, illustrated by UK companies formed by Ian Taylor, an old friend from New Zealand

Witch Hunt: “Fake News” Software Touted by CBS Smears Naked Capitalism, ShadowProof, TruthDig, Others; Creator Admits He Made Up Who Went on Hit List

Naked Capitalism, Consortium News, Counterpunch, Truthout, TruthDig are under another “fake news” attack, this from a browser extension.

Can Uber Ever Deliver? Part Four: Understanding That Unregulated Monopoly Was Always Uber’s Central Objective

Why Uber’s goal is replacing urban car service with a higher cost, less efficient operation that would extract wealth from the public.

We Demand That The Washington Post Retract Its Propaganda Story Defaming Naked Capitalism and Other Sites and Issue an Apology

Our lawyer has a few words with the Washington Post.

PropOrNot’s Grandiose Fabrications

Yet more debunking of the McCarthyite wannabe website PropOrNot.

Can Uber Ever Deliver? Part Three: Understanding False Claims About Uber’s Innovation and Competitive Advantages

Why Uber does not have any significant competitive advantages save very deep pockets that allow it to engage in sustained predatory pricing.

Can Uber Ever Deliver? Part Two: Understanding Uber’s Uncompetitive Costs

Why Uber is the taxi industry’s high cost producer and cannot grow into profitability.

Why Has CalPERS Given Chief Investment Officer Ted Eliopoulos a $135,000 Gift Via a Bonus That Violates His Bonus Formula?

CalPERS flagrantly violated its procedures by granting its CIO, Ted Eliopoulos, a bonus greatly in excess of the level allowed.

Can Uber Ever Deliver? Part One – Understanding Uber’s Bleak Operating Economics

Uber’s financials statements and economics shows a complete lack of progress towards profit and no reason to expect significant improvement.

Bill Black: Bloomberg Notices Paul Romer’s Indictment of Macroeconomics

World Bank economist Paul Romer calls out obvious defects in macroeconomics, and is treated as a bomb-thrower.

Mississippi Legislators Vote for Corruption by Voting to Make All Government Contracts Secret

This while Mississippi ranks 49th in state corruption.

How Your State and Local Tax Dollars Paid for Private Equity Firm TPG’s Elton John Appearance

Yet another example of how private equity operates by its own set of self-serving rules.

Will the Cost of a “Self-Driving Taxi” Really Be Sixty-Seven Cents ($0.67) a Mile? McKinsey’s Mysterious Footnote 17

A close reading of McKinsey’s report on self-driving cars.

“Hilariously Corrupt”: Former SEC Chairman Arthur Levitt Attacks Elizabeth Warren for Criticizing SEC Inaction; He Did Just That in 2015

Apparently it’s OK for former chairmen like Arthur Levitt to criticize the SEC, but not senators, and above all not Elizabeth Warren.

Bill Black: Debt Derangement Syndrome – Saving Our Grandkids from Wall Street

Debt scaremongering is baaack! Why Pete Peterson and his budget falsehoods are a danger to your and your grandkids’ financial health.