Monthly Archives: October 2017

Per The Yale Parenting Center: Don’t Punish Your Kids for Lying

Alan Kazdin, the director of the Yale Parenting Center, offers this advice, “The most common reactions to children who lie are explaining why it is wrong and punishment. As ways of changing behavior, these are ineffective.” The better way? Ask … Continue reading

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Wells Fargo: The Gang That Can’t Shoot Straight

Let’s recap the problems at Wells: The fake accounts debacle, the fake auto loan insurance mandates, the mortgage changes without authorization (fake again), and the sacking of four foreign-exchange bankers along with the transfer of an executive from that area … Continue reading

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Post-Pitino Scandal: Sports Illustrated Writer Wants to Lower the NBA Minimum Age

The Barometer always enjoys it when the experts offer their solutions, post-scandal. To fix the too-big-to-fail problem, we passed legislation that has resulted in even bigger banks. To punish auditors for their complicity in Enron, WorldCom, etc., we doubled down … Continue reading

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The Ignored Warning

Equifax did not fix known problems with the shared security software it was using. Those problems were known in March. However, no one on the Equifax board or management team seemed concerned about index provider MSCI cautioning that Equifax was … Continue reading

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The Inspector General and the Cabinet Flights: The Honeymoon Issue

Treasury Secretary Steven Mnuchin has used military flights for private air travel to the tune of $800,000. One flight was a $15,000 trip to visit with Mr. Trump at Trump Tower in New York City. There was one additional flight … Continue reading

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“Equifax Board Weighs Clawbacks.”

Wall Street Journal, Sept. 30- Oct. 1, 2017, p. B3. Whoa, hold on there boys and girls on the board. Don’t get crazy on us! You would not want to rush into some kind of sanction for officers on watch … Continue reading

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“I’m not happy, O.K.?”

President Trump, when asked about the revelations regarding former Secretary of Health and Human Services Tom Price and his $400,000 in chartered travel. Mr. Price resigned the next day. Good for President Trump in putting the writing on the wall. … Continue reading

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When You Don’t Fire the Star — Pitino and Repeats

The Barometer asked her former college BB player father, upon Coach John Calipari’s Kentucky hiring, “Why would a school hire this guy?” Dad shrugged. The NCAA just seemed to circle the guy like buzzards — only he never died. Schools … Continue reading

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