Category Archives: Ridiculously obvious scams

The Fight to Hold Executives and Boards Accountable Continues in Barclays and Bayer Appeals

An update on two cases, one against Barclays, the other Bayer executives and directors, which seek accountability in New York courts.

Evidence CEOs Tried to Illegally Boost Oil Prices Grows as FTC Bars Hess from Chevron’s Board

FTC’s latest findings bolster claims of collusion among shale producers raised in ongoing Congressional probes and major class-action lawsuits.

Progressives Sound Alarm as Harris Courts Crypto Industry

“Crypto is a haven for businesspeople with nefarious or criminal intent.”

CBO: GOP Social Security Plan Would Cut Benefits by Thousands, Not Extend Solvency

The CBO releases an analysis of a Project 2025-adjacent plan to reduce Social Security benefits. The “reforms” don’t improve fund solvency!

What Is a “Fair” Drug Price?

Debunking Big Pharma whinging over Inflation Reduction Act drug price negotiations.

Big Oil to Benefit From Biden’s Carbon Capture Tax Credits: Report

How carbon capture tax credits funnel billions to the oil and gas industry while delivering few if any climate benefits.

Mind the Science: Saving Your Mental Health from the Wellness Industry

KLG takes a hard look at the wellness industry and finds a lot not to like.

What Does ‘Recyclable’ Really Mean?

A trade group is lobbying to redefine recyclable, pressuring regulators to make plastic appear more environmentally friendly.

Why Must Humans Compete for Electric Power with AI Bullshit Generators Programmed by Ritual Incantations?

A takedown of AI so-called “prompt engineering.”

Kentucky Retirement Systems Plaintiffs Battle With Yet More Efforts by KKR and Blackstone to Delay or Prevent Discovery

An update on the long-running Kentucky Retirement Systems pension case, with KKR and Blackstone and their execs still fighting discovery

A Failed Attempt at Market Manipulation

Markets that reference prices in other markets are common in the world of finance—all stock options and index futures have this property. But when it comes to electoral prediction markets, I see no rationale for such derivative contracts.

Gift Card Scams Generate Billions for Fraudsters and Industry as Regulators Fail to Protect Consumers − How One Fell into the ‘Fear Bubble’

Remarkable detail of how a gift card scammer successfully worked a mark, even with a bank and police trying to intervene.

The Death of the Engineer CEO: Evidence that Short-Termism and Financialization Had Become Ascendant

A look at how some turning points in the history of Corporate America, such as CEO changes of guard, explain how America hollowed itself out.

Patient Underwent One Surgery but Was Billed for Two. Even After Being Sued, She Refused To Pay

A patient stares down a fabricated surgery charge. But what does it say about the prevalence of billing fraud that this matter went to court?