Saturday , December 7 2019
Home / Tag Archives: Ridiculously obvious scams

Tag Archives: Ridiculously obvious scams

CalPERS Should Thank Us for Publicizing, and Therefore Undermining Their Repeated Efforts to Hand Private Equity Portfolio to BlackRock: BlackRock’s Mark Wiseman Fired for Affair With Subordinate, Leading to Suspension of New Investments from “Warren Buffett” Style Megafund

CalPERS should start to recognize that our hounding of the giant pension fund is to prevent it from doing things that will harm beneficiaries. The fact that the fund’s top management nevertheless seems determined to keep doing things that are at best wrong-headed, and too often are dishonest and obviously corrupt, should be getting a lot more attention from the mainstream press. As we’ll explain, CalPERS escaped being snared in a huge mess due to our intense question of clearly dodgy elements...

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Hubert Horan Discusses Uber on Harry Shearer’s Le Show

I am kicking myself for not having let readers know in advance that Hubert Horan was appearing on Harry Shearer’s Le Show on Sunday. But you can listen now, via this link. Harry excels at asking simple-seeming but sophisticated questions (and making his interviewees look good too). Here he  focuses on the key elements of Hubert’s analysis of Uber’s questionable economic claims, particularly that there are no scale economies in the local transportation business. It’s also gratifying to hear...

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BBVA Compass Branch Manager Retaliates Against Elderly Customer Via Trying to Have State Agency Deem Her Incompetent on Fabricated Grounds

Even in the world of all-too-common bank abuses, some acts are completely beyond the pale. As the correspondence below shows, BBVA Compass branch manager (more formally, “Vice President and Branch Retail Executive”) Jarred Edwards tried to intimidate and discredit my mother via an utterly unheard of and unwarranted gambit, namely, instigating an unannounced home visit by a state social services official to assess her competence. This has all the earmarks of retaliation for my mother having...

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Lack of Right to Repair Limits Ability of US Military to Maintain its Own Equipment

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Captain Elle Ekman, a logistics officer for the United States Marine Corps, wrote an op-ed in the New York Times on Wednesday that shocked me – and I don’t shock easily, Here’s One Reason the U.S. Military Can’t Fix Its Own Equipment. Apparently, even the US military doesn’t enjoy a  right to repair for materiel it purchases, and instead must ship...

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PG&E Failed California. Here’s How the State Could Turn Things Around.

By Nathanael Johnson, senior writer at Grist and author of two books,Unseen City and All Natural. Follow him on Twitter @SavorTooth. Originally published at Grist For the last 150 years, Pacific Gas & Electric has been playing political hardball to maintain its monopoly over California’s electricity. PG&E, now infamous for its connection to wildfires and power outages, started life in 1852, when three brothers — the Scots-Irish Donohues — began laying gas pipe through the muddy...

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‘Destroyer of Newspapers’ Vulture Fund Buys Majority Stake at Tribune Publishing

Yves here. This is so sad and appears to have gone under the radar due to the impeachment hearings and Democratic party dominating the news yesterday. So many newspapers disappearing or becoming pale shadows of their former selves. By Andrea Germanos, staff writer. Originally published at Common Dreams  (Photo: Rachel Kramer/flickr/cc) Journalists sounded the alarm Wednesday after Tribune Publishing’s largest shareholder sold his stake in the company to a hedge fund that’s been described as...

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Democrats’ Private Equity Hearing Fail: Abject Incompetence, Corruption, or Mere Unseriousness?

Even though I didn’t have high expectations for the House Financial Services Committee hearing yesterday on private equity, America for Sale? I didn’t expect it to be a train wreck either. Today I will focus on the process issues, as in why this hearing ginned up by Team Dem sucked (Lambert insisted I not use that word in the headline) and what that says about the party. In the next day or so, I’ll turn to what was said in the hearing, and more important, what wasn’t said and what appalling...

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Blockbuster WSJ Investigation: How Google Interferes With Its Search Algorithms and Changes Your Results

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The WSJ published a comprehensive investigation Friday, How Google Interferes With Its Search Algorithms and Changes Your Results, that provides fodder for ongoing or new antitrust investigations of the company,  both in the US, and worldwide: THE JOURNAL’S FINDINGS undercut one of Google’s core defenses against global regulators worried about how it...

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6 Technology Trends Revolutionizing the Transportation Sector

Yves here. Hopefully readers will have fun with this. And I have priors. Scooters, as much as they are environmentally responsible, are injury futures unless and until they predominate on roads. Why do you think they are hated in San Francisco? Because they are all over sidewalks (not just as disposals, but as part of their ride) because their operators would rather mix it up with slow-moving soft 180 lb humans than 4000+ lb faster-moving metal-clad cars. And don’t get me started on flying...

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Former CalPERS Board Member JJ Jelincic Files Protest Against Election Abuses

We’re a bit tardy in writing up former CalPERS board member JJ Jelincic’s protest against CalPERS and certain board members and employees for violating California laws prohibiting the use of government resources in political campaigns, as well as other abuses. We’ve embedded his letter at the end of this post. His demand of re-doing the election might seem quixotic, given that he lost by a 34 percent to 66 percent. But before the combo plate of CalPERS’ dirty tricks and a monster influx of...

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