Mossack Fonseca: The New Zealand Connection
A little sniff at the New Zealand operations of notorious Panamanian law firm Mossack Fonseca
Read more...Category Archives: Ridiculously obvious scams
Assuming Away Unemployment and Trade Deficits from the TPP
It should come as no surprise that the Peterson Institute has managed to model the impact of the TPP so that it does not increase unemployment.
Read more...New Zealand Foreign Trusts: Chickens Coming Home to Roost
After many warnings were ignored, New Zealand Foreign Trusts are now damaging NZ’s reputation overseas
Read more...How the Cutthroat Walmart Business Model Is Reshaping American Public Education
Walmart has played a huge role in promoting and funding the charter school movement and plans to expand much further.
Read more...HSBC’s Money Laundering Nightmare (2): Mossack Fonseca, a Year in Words and Pictures, March 2015-March 2016
Mossack Fonseca and its trail of street protests: they are in it up to their thighs, and HSBC’s Stuart Gulliver has “no idea”.
Read more...Wolf Richter: Desperate “Dumb Money” from China Now Chasing Unicorns
The influx of money from China is increasingly going into bubbly markets and sectors.
Read more...Hoisted From Comments: Banks Supporting the War on Cash
Banner Bank in the state of Washington closed a reader’s account because he made too many cash withdrawals. An overly conservative implementation of “Know Your Customer” rules or a sign of things to come?
Read more...National Poll Finds Bipartisan Suport for Serious Regulation of Charter Schools
The public is dissatisfied with charter schools and wants curbs put on them.
Read more...Google is Evil….
A case study of how Google tortures customers.
Read more...The Modi Government and India’s Economy
Why is India experiencing so much political upheaval when it has one of the fastest growing economies in the world?
Read more...CFTC Commissioner Giancarlo Admits to Hijacking Advisory Committee to Boost Commodity Speculators
Last week, an advisory committee to the Commodity Futures Trading Commission produced a highly dubious report recommending that the agency abandon the Dodd-Frank mandate of setting position limits in futures markets to eliminate excessive speculation. The report was just an enhanced form of lobbying; eight of the nine members of the Energy and Environmental Markets Advisory Committee (EEMAC) have ties to industries that would personally benefit from killing the rule.
The big question was how an official advisory committee of a federal agency could turn into a purely distilled conduit for corporate talking points? And the answer is Christopher Giancarlo, the lone Republican commissioner on CFTC at the moment, who took advantage of the committee, twisted it to his own ends, and produced a work product destined to be used in future litigation to overturn the position limits rule.
Read more...Eric Garland: Seven Lessons from How Private Equity Wrecked Guitar Center
The Guitar Center fiasco as a case study in how not to run a business, and how that indicts private-equity influenced management norms.
Read more...Bill Black: Krugman Triples Down on His Smear of Friedman and Bernie
Krugman has really lost it.
Read more...The UK’s Money Laundering Mess (III): LLPs, Secrecy Jurisdictions, PSCs, and a Forthcoming Fiasco
Why the UK’s latest anti money laundering measures don’t look very convincing
Read more...Cyber Security and the Financial System – Why Technology Snake Oil Sells
How banks finesse cyber security risks despite hand waiving by governments and exhortations for the industry to “do something”.
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