Jim Chanos: ‘We are in the golden age of fraud’
Jim Chanos: ‘We are in the golden age of fraud’ – https://on.ft.com/39rOiHC via @FT
On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters
Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …
“France Imposed A 75% Tax On The Highest Incomes: It Didn’t Work And Here’s Why”
“France Imposed A 75% Tax On The Highest Incomes: It Didn’t Work And Here’s Why” by Peter Burns https://link.medium.com/RSemQvmDT7
School closures force parents to choose between family and work
Article neatly highlights the double poverty burden of Covid rules – poor working women who don’t can’t afford to hire childcare providers and children who disproportionately suffer from home schooling. The evidence shows that opening schools presenta relatively low risk. But when the voiceless disproportionately suffer who will listen? Boris Johnson telling the employer to …
‘Profoundly disappointing’: KitKat cuts ties with Fairtrade
‘Profoundly disappointing’: KitKat cuts ties with Fairtrade https://www.theguardian.com/business/2020/jun/23/profoundly-disappointing-kitkat-cuts-ties-with-fairtrade?CMP=Share_AndroidApp_WordPress
Wirecard fights for survival as it admits scale of fraud
Once again failed by auditors and rating agencies (investment grade until last week). Wirecard fights for survival as it admits scale of fraud – https://on.ft.com/311vflw via @FT
Elon Musk-backed OpenAI to release text tool it called dangerous | Artificial intelligence (AI) | The Guardian
https://www.theguardian.com/technology/2020/jun/12/elon-musk-backed-openai-to-release-text-tool-it-called-dangerous
NYTimes: Slowing the Coronavirus Is Speeding the Spread of Other Diseases
The side effects of Covid response are severe worldwide. Where was the WHO? https://nyti.ms/3fnJwN9
Elon Musk-backed OpenAI to release text tool it called dangerous
Elon Musk-backed OpenAI to release text tool it called dangerous https://www.theguardian.com/technology/2020/jun/12/elon-musk-backed-openai-to-release-text-tool-it-called-dangerous?CMP=Share_AndroidApp_WordPress
Private Equity Lands Billion-Dollar Backdoor Hospital Bailout
Ridiculous how PE pumps debt into a company and only uses dry powder for new companies rather than supporting the companies they layered in debt. Private Equity Lands Billion-Dollar Backdoor Hospital Bailout [“https://www.bloomberg.com/news/features/2020-06-02/private-equity-lands-billion-dollar-backdoor-hospital-bailout”]