How Private Equity Bankrupted Seven Major Grocery Chains for Fun and Profit
Grocery chains as yet another example of private equity looting, and what policymakers should do to stop that.
Read more...Category Archives: Moral hazard
Rethinking AI Through the Politics of 1968
All the initiatives that want to make AI ethical seem to think it’s about adding something i.e. ethics, instead of about revealing the value-laden-ness at every level of computation, right down to the mathematics.
Read more...Why Dodd-Frank Is a Protection Racket for Banks
How Dodd-Frank left banks’ massive lending and safety-net subsidies intact.
Read more...How CalPERS CEO Marcie Frost’s Efforts to Organize Astroturf Support Are Compromising Her
If she succeeds, the survival efforts of CalPERS CEO Marcie Frost will come at a cost to the giant pension fund.
Read more...Post Crisis Measures Have Failed to Tame Derivatives Risks
Derivatives remain an untamed systemic risk.
Read more...Double Whammy: Implicit Subsidies and the Great Financial Crisis
Follow the subsidies, and you will understand why we had the crisis and why not enough has been done to prevent a recurrence.
Read more...Revolving Doors and Regulatory Capture
Looking at the costs of and some possible responses to regulatory capture.
Read more...Tom Engelhardt: America’s Groundhog Day Wars
A look at how long and how deeply the US has been mired in its many wars.
Read more...Michael Olenick: Update Confirms That Share Buybacks Are Still Corporate Suicide
Reconfirming the findings of a study that debunked some key claims about the supposed benefit of stock buybacks.
Read more...Richard Murphy: Stock Markets Look Ever More Like Ponzi Schemes
Why is it entirely sensible to regard stock markets as Ponzi schemes.
Read more...New York Times: Virtuous McKinsey Defiled by Dark Continent
McKinsey is unhappy that the New York Times did a serious investigative story on a major scandal in South Africa….when the Times pulled some of its punches.
Read more...Koch Money and the Unflappable Economist
Mirowski on the Koch brothers scandal at George Mason University.
Read more...Ilargi: Migration Blowback
On misdirected anger over migration policies.
Read more...Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”
The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.
Read more...Eyewitness Sketches Provide ‘Stormy’ Results, Can Lead to False Convictions
On the shortcomings of eyewitness memories, and in particular, forensic sketches based them.
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