A hub for independent voices and hard truths
Big tech has used voluntary retirement and buyout programs during prior efficiency cycles and post boom adjustments. Translation: ‘You’re not fired, you’re ‘involuntarily retired’ with a nice package.’ AI doesn’t need pensions. Smart cost-cutting before earnings. Microsoft plans first-ever voluntary …
The end of network news is finally here. This is what it looks like, folks. Plus, the DOJ just jailed the ‘Pentagon leaker’ in a move that may help quell the criticism of Pam Bondi amid suggestions that former Fox …
CA state retirement fund lost 71% of $468M put in clean energy, won’t say how. CETF losses show “the combined dangers of private equity and ESG investment — you have a very opaque investment choice that appears to have been …
BREAKING: An internal FBI inclusivity “Guide,” obtained by our team, counseled agents on “Ways to Manage Your Unconscious Bias,” “Micro-Inequities” and “How to Improve Your Inclusive Intelligence.” “The New IQ: Your Guide to Sustaining Inclusive Habits in the Workplace” was… …
Central banks have just engineered the worst crisis we've ever seen and now it's ready to go. By pulling the liquidity rug away they've set the stage for another crisis, all that's needed is the trigger/narrative. https://t.co/2RhyVZhH5c pic.twitter.com/tas2TgrN22 — Financelot …
Where were the amplified automod tools and crisis management mode when reddit was full of people posting personal information of healthcare CEOs last month? Or when reddit got flooded with unfounded election conspiracy theories for the past two months? h/t …
Citigroup 2024 Recap⚠️ -Subject to FINRA disqualification for aiding and abetting -Failed Stress Test after Fed identified "weakness" in Resolution (Bankruptcy) Plan-Fined for bad books/inability to manage "ongoing risk" Did I mention they have $30 Trillion in Swaps? pic.twitter.com/ej4JQmhQ3X — …
The Federal Bureau of Investigation (FBI) conducted an unannounced raid on the Atlanta headquarters of Cortland Management on Wednesday, May 22. This action marks a significant escalation in a criminal antitrust investigation by the U.S. Department of Justice (DOJ) into allegations of a nationwide conspiracy to artificially inflate apartment …
There are growing calls for Google CEO Sundar Pichai to step down. Me in 2017: Google needs a new CEO, but dumping Sundar Pichai is not enough: When a gigantic corporation that controls our data and knows us intimately takes a …
EU hypocrisy over Polish government attack on mediaDate 08/07/2011 • "The systematic attack by the current Polish Government on citizens and journalists who are critical of the current regime is outrageous," UKIP Leader Nigel Farage MEP said today in London, …
https://web.archive.org/web/20230925112719/https://www.reuters.com/technology/sec-collects-wall-streets-private-messages-whatsapp-probe-escalates-sources-2023-09-25/ NEW YORK, Sept 25 (Reuters) – The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street’s use of private messaging apps, said four people with …
BIG MONEY: CEO Gets $379 Million For Money-Losing EV Company. “Keep in mind that Lucid lost over $2 billion over the last year. Now, startups can take a while before they turn profitable, but paying the CEO of an unprofitable company hundreds …
HONOLULU (HawaiiNewsNow) – The embattled head of the Maui Emergency Management Agency has resigned effectively immediately amid sharp critiques of his handling of the wildfire disaster. Maui County Mayor Richard Bissen made the announcement in a news release Thursday. Administrator …
DISCRIMINATION: A Citizen Journalist has revealed Best Buy is partnering with McKinsey & Company on a Management Training Program. The program is not open to white applicants. “Candidates must meet the [racial] requirements below” Any comment @BestBuy? pic.twitter.com/lxfivezCa6 — O’Keefe …
Credit Suisse has been fined a record £87m by the Bank of England for “extremely serious” risk management failures. The bank, which was subject to a forced takeover by Swiss rival UBS earlier this year, fell “well below” regulatory standards …
by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved …
by Dismal-Jellyfish Source: https://www.marketwatch.com/story/this-incredible-chart-shows-the-close-relationship-between-the-s-p-500-and-fed-liquidity-166542a7 Earnings, schmearnings. Is what really matters just liquidity? This incredible chart, from Apollo Global Management chief economist Torsten Slok, shows the close relationship between S&P 500 SPX, -0.37% performance and net Federal Reserve quantitative easing (QE) since the pandemic began. …
via aflegal.org: WASHINGTON, D.C. – Today, America First Legal (AFL), on behalf of its client, the National Center for Public Policy Research (NCPPR), served the Target Corporation with a formal demand for the production of corporate books and records, seeking transparency …
The US will need to refinance almost half of its national debt in less than 2 years. Let's not forget that interest rates were at 0% just 15 months ago. Wait until these debt instruments need to be rolled over …