Now that 495 of the S&P 500 companies have reported second quarter earnings, something has become abundantly clear: 2015 is going to be a nasty year for corporate revenues.
Read more...From the Wall Street Journal comes news of an intriguing case that would give judges much more leeway in overruling a hapless Justice Department and their light-touch deals with corporations.
Read more...This post illustrates how dominant the neoliberal paradigm has become all over the world, and how it fails to acknowledge, much the less address, the well-known failings of markets, such as externalities.
Read more...While it’s gratifying to see former UBS trader Tom Hayes go to jail for large-scale Libor bid rigging, his bosses had to have known what he was up to. So when will we see their indictments?
Read more...Contemporary economists do not include corruption in their models, yet another reason their models should not be relied on to make policy.
Read more...An overview of how the Greek crisis is stressing international institutions as well as (sadly and predictably) Greece itself.
Read more...Public corporations and their lobbyists make intelligence-insulting arguments against Dodd-Frank mandated CEO-worker pay disclosure.
Read more...It’s remarkable to see the level of obvious self-dealing at Mylan persist as long as it has. Be sure to read about how the former CEO was permitted to let his son use the company jet on behalf of his rock band.
Read more...CalPERS takes some steps to clean its private equity house by getting carry fee information, but only by virtue of feeling serious external pressure. And the way it responded show that the rot runs deep.
Read more...Why the bogus idea that managers should focus on “maximizing shareholder value” is driving the American IT industry into the ditch.
Read more...How arrogant ignorance has squandered the US position of world leadership.
Read more...By Richard Smith It’s high time for an update on this vast fraud story, which has, near its core, Bryan Cook and Thomas Yi, of bogus international investment bank London Capital. Here’s a synopsis of the story so far at NC, and the global press coverage that has ensued. First, there was “Is Power8, Sponsor of […]
Read more...So why shouldn’t banks admit to criminal conduct? They get slap on the writs fines and no one goes to jail.
Read more...As the regulatory actions accumulate, Belvedere Management looks less and less like a maligned fund manager, and more and more like a giant fraud. How much of the $16Bn it purported to manage is left?
Read more...Eric Schneiderman is looking into the mess at Cooper Union. Let’s hope the outcome is a return to Cooper’s vision of free tuition.
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