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Tag Archives: Ridiculously obvious scams

Apple Announces Unimpressive Self Service Repair Program for Some iPhone Models

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Apple yesterday announced a long-awaited self-repair program with enough complex eligibility requirements to satisfy any liberal Democrat. This reality is not apparent from looking at Apple’s announcement itself – which instead seems to promise that Apple if finally getting with the program and allowing us to fix our stuff when it breaks. From Apple’s...

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Jaishankar Calls Out Europe’s Selective Concern on Rules-Based Order

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Indian minister for external affairs Subrahmanyam Jaishankar continued to chart an independent multi-alignment policy for India in public remarks yesterday. Jaishankar appeared at the Raisina Dialogue, a multilateral conference held annually in Delhi since 2016. The event is hosted by the Observer Research Foundation, an independent think tank,in...

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‘Elon, There Are Rules’: EU Says Twitter Must Comply With New Digital Services Act

Jerri-Lynn here. I’ve yet to wrap my head around the implications of Elon Musk acquiring Twitter. Nor have I spent any times studying the EU’s new Digital Services Act. But the all-too obvious first impression is that Musk and the rules are on a collision course. In fact, Thierry Breton’s statement makes that conflict explicit. And we all know Musk is not known for his ability to adhere to rules – even long-settled ones. Just ask the SEC. Musk and his press enablers are busily spinning his...

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Right to Repair: Will Corporate Concessions Suffice?

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Recent months have seen progress on the right to repair front, with new legislation introduced at both state and federal legislation, and litigation planned, pending, or ongoing I previously posted on some of these developments in March, in Senators Introduce Right to Repair Legislation. Last week, Motherboard (Vice) reported that smartphone...

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CalPERS Consultant Global Governance Advisors Recommends Further Overpaying Grossly Underperforming CalPERS Staff

CalPERS is singlehandedly making a case against government by doing precisely what libertarians allege: abusing their control of public funds by overpaying themselves for shoddy work. As we will explain in more detail, CalPERS’ new compensation consultant, Global Governance Advisors, is enabling the giant pension fund’s staff in misappropriating from beneficiaries via the device of fundamentally and pervasively flawed pay benchmarking. The biggest fail is benchmarking CalPERS against private...

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As Oil Giants Turn to Bitcoin Mining, Some Spin Burning Fossil Fuels for Cryptocurrency as a Climate Solution

Lambert here: One hand washes the other, I suppose…. By Sharon Kelly, an attorney and freelance writer based in Philadelphia. She has reported for The New York Times, The Guardian, The Nation, National Wildlife, Earth Island Journal, and a variety of other publications. Prior to beginning freelance writing, she worked as a law clerk for the ACLU of Delaware. Originally published at DeSmogBlog. Flaring — or the burning of stranded natural gas directly at an oil well — is one of the drilling...

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Letter to SEC: How Stock Buybacks Undermine Investment in Innovation for the Sake of Stock-Price Manipulation

Jerri-Lynn here. Grab a cup of coffee. William Lazonick’s latest on stock buybacks – which Biden promised to address during the presidential campaigning hasn’t (see for further context,  Where Did You Go, Vice President Joe? Biden Retreats from Bashing Looting, Um, Buybacks). In this  comprehensive post, Lazonick and co-author Ken Jacobsen analyse how: “ Rule 10b-18, as originally written in 1982 and revised by the Commission in 2003, has in fact undermined capital formation by business...

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The Worrying Murkiness of Institutional Biosafety Committees

Yves here. Fortunately, this post does not use the Wuhan Institute of Virology as the hook for this story but instead focuses on activist Edward Hammond, who in 2004 started to question biolab safety and got unsatisfactory answers.1 The short version is that the oversight mechanism, institutional biosafety committees, is weak. And this should come as no surprise, since these biosafety minders report to the lab funder, the NIH. No wonder they are set up to be in “See no evil” mode. By Michael...

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John Helmer: “Zelensky Himself Is Now in Polish Hands;” March 15 Summit with Polish, Czech, and Slovenian Prime Ministers in Przemysl, Poland, Not Kiev

Yves here. John Helmer makes a bombshell revelation in his latest post, that Ukrainian President Volodymyr Zelensky participated in an in-person summit on March 15, not as widely touted in Ukraine, but in Poland. It is virtually certain that given the difficulty of assuring safe passage that Zelensky has not returned to Kiev. This allegation matters because it vitiates the effort to depict Zelensky as the second coming of Winston Churchill, heroically holed up in his capital as bombs are...

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Eileen Appelbaum and Rosemary Batt Score Important Win Against Private Equity as Surprise Billing Laws Slam KKR Grifter Envision Healthcare

Activism is every and always a big team effort, but sometimes key individuals make invaluable contributions. This is one of those case. Economists Eileen Appelbaum and Rosemary Batt have been on the trail of private equity for over a decade, with their first high profile exercise being their landmark book, Private Equity at Work. It illustrates their relentless method: a very careful and even-handed reading of academic studies, including setting forth omissions and sleights of hand in the...

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