Wednesday, February 27, 2019

The mysterious 8,500 per cent stock gain


How criminals get illegal guns from other criminals - Washington Times.
Imagine that. Criminals are disinclined to obtain guns legally...

Ex-Citigroup President Havens Caught in Prostitution Probe Bloomberg. UserFriendly: “Shoot me if THIS is what puts the God damn bankers in jail.” Moi: Remember that this is precisely where Eliot Spitzer recommended starting (running prostitutes and drugs through research budgets) in Inside Job.





ONLY IF YOU HAVE NOTHING REAL TO WORRY ABOUT. WANT SOME OF MY WORRIES?  7 surprising things that really should worry you




As Ex-Enron CEO Exits Prison, Some of Company’s Old Businesses Thrive WSJ. Seems like a different world, although it was only a dozen years ago when CEOs were  prosecuted and sent to jail for their crimes.


Some big fourpartners are 'disrupting' the tax system, the ATO tells estimates



Feb 26, 2019 — 11.45am
A senior executive at the Australian Tax Office has accused "some partners" at the big four consulting firms of "disrupting" the taxation system and warned that the agency is looking closely into the activities of these unidentified individuals.
A Senate estimates hearing last Wednesday also heard that parliament could be given rare insight into the income of Australia's big four consulting firms PwC, KPMG, EY and Deloitte, with the ATO to consider revealing the tax information of the partnerships.



Paladin, Manus, and private security: a treacherous history



Sarah Percy, Lowy Institute

A huge contract going to a little-known company recalls the worrying precedent of unscrupulous private security firms.


Zachary D. Liscow (Yale) & Daniel Giraldo Paez (Yale), Inequality Snowballing:

The underpinning of economic analysis of the law has long been the goal of efficiency. This Article shows how efficient legal rules can sow the seeds of their own vicious cycles: repeated application over time of statically efficient legal rules can lead to rules that become increasingly adverse to the poor, which the Article calls "snowballing."







Federal prosecutors in San Francisco on Thursday charged an employee of the Internal Revenue Service with illegally leaking banking records connected to Michael D. Cohen, President Trump’s former personal lawyer and fixer.

Prosecutors said that in his role working for the investigative unit of the I.R.S., John C. Fry, an employee of the agency since 2008, had access “to various law enforcement databases” and had used them to search for records related to Mr. Cohen multiple times. He then gave the information to Michael Avenatti, the lawyer for the adult film actress Stephanie Clifford, also known as Stormy Daniels, who has claimed to have had an affair with Mr. Trump, according to the prosecutors. ...





The mysterious 8,500 per cent stock gain attracting big names (and big questions)


Perched below the Ritz-Carlton in Hong Kong, inside the city\'s tallest skyscraper, is one of the biggest mysteries of the investing world.











Forget Living Your Best Life — Here’s An Argument For Living The Good-Enough Life



Western philosophers from Aristotle to Kant to Marx to Ayn Rand (okay, bear with us here) may have differed on what constitutes greatness, but all of them held it as an ideal. Avram Albert argues for a different goal, one espoused by Buddhist thinkers and Romantics (and which we might call the Lake Wobegon ideal): good enough. And even that is difficult. – The New York Times

No Joe! Andrew Cockburn, Harper’s

‘No, You Can’t Ignore Email. It’s Rude.’ New York Times

He’s a survivor’: dog reunited with family months after they fled wildfires Guardian Bessie

As the Colorado River runs dry: A five-part climate change story Bulletin of the Atomic Scientists


This month, CityLab’s visual storyteller Ariel Aberg-Riger shares the story of how America’s public libraries came to be, and their uneven history of serving all who need them..”