https://www.washingtonpost.com/opinions/2020/08/01/cfpb-once-defended-consumers-thanks-trump-it-now-helps-companies-prey-them-instead/?utm_campaign=wp_post_most&utm_medium=email&utm_source=newsletter&wpisrc=nl_most
Article illustrates the dammed if you, do, damned if you don’t aspect of lockdowns as well as the politics of pandemics. Modi stumbles: India’s deepening coronavirus crisis – https://on.ft.com/3g3Xc0G via @FT
Several issues to consider – 1) how much have loan modifications and forbearance artificially suppressed defaults and delinquencies, 2) how many jobs have been permanently lost due to downsizing and company BK, 3) how many jobs are vulnerable to the ebb and flow of reopening economy. The reopening economy jobs should be targeted by directly …
Jim Chanos: ‘We are in the golden age of fraud’ – https://on.ft.com/39rOiHC via @FT
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” by Peter Burns https://link.medium.com/RSemQvmDT7
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 https://www.theguardian.com/business/2020/jun/23/profoundly-disappointing-kitkat-cuts-ties-with-fairtrade?CMP=Share_AndroidApp_WordPress
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
https://www.theguardian.com/technology/2020/jun/12/elon-musk-backed-openai-to-release-text-tool-it-called-dangerous