Friday, March 23, 2018

CalPERS (for Once) Does the Right Thing, Votes to Retain Transcription of Meetings

Mirable dictu! CalPERS board members vote to preserve its practice of transcribing board meetings, an important component of accountability and transparency.

Wolf Richter: Then Why Is Anyone STILL on Facebook?

If you’ve created an account, you can never escape Facebook. But you can at least stop making things worse for yourself.

2:00PM Water Cooler 3/20/2018

By Lambert Strether of Corrente. Readers, I apologize for missing yesterday’s Water Cooler; I slipped a mental cog and got the day wrong. (I work not on calendar time, but on Naked Capitalism time, and when I mentally filed that I was “on for Links Monday” I thought “Oh, I’ll do Water Cooler after Links.” […]

Whistleblower Woes: Retaliation

SEC makes record whistleblower award, while meanwhile an Ethics and Compliance Initiative survey reports retaliation rates for reporting of corporate misconduct have doubled.

Links 3/20/18

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.

Central Banks in the Age of Populism

Central banks are under more and more pressure to respond to public dissatisfaction with their stewardship. Is that such a bad thing?

Gaius Publius: Why Climate Activists Must Include Supply-Side Restrictions in Their Recommended Policy Mix

Another important, indeed necessary, policy measure in the climate change toolkit.

CalPERS Violates Law and Board Procedure: Cuts Microphone of Board Member Margaret Brown After Letting Her See Only Redacted Board Transcripts, Lodging Bogus Charges

CalPERS has been doing everything it can to keep new board member Margaret Brown from seeing recent closed session transcripts, including cooking up completely bogus, secret charges against her.

“Welcome to Hell”: Barcelona Taxi Drivers Prepare for Uber’s Return

Uber faces a rumble from Barcelona’s taxi drivers.

Links 3/19/18

Is Verizon Violating Its Copper Network Settlement Already?

A series of awfully convenient outages in Manhattan on Verizon’s DSL service raise the question of whether Verizon is gaming its just-inked settlement.

Hidden History of How US Corporations Gained Legal Personhood and Civil Rights

Interview with Adam Winkler about his book, We The Corporations: How American Businesses Won Their Civil Rights. The consequences of this victory skew US politics to benefit corporations at the expense of the public good.

J.D. Alt: Fiat Money and Three Big Societal Challenges

How fiat money denialism, also know as austerity and deficit scaremongering, is undermining the public’s ability to tackle pressing challenges like climate change.

Fifth Circuit Axes Fiduciary Rule: Over to the SEC

A panel of the United States Court of Appeals for the Fifth Circuit last week axed the fiduciary rule– which the Trump Labor Department had delayed implementing. Now what? It’s over to the SEC.