Author Archives: mmjdiary

For over a decade, Deutsche Bank hid a $1.6 billion loss it racked up in 2008 on some municipal bonds it purchased in the wild markets that led to the 2008 market collapse. The loss was first reported on February … Continue reading →

As the Barometer noted some months ago, McKinsey & Company, the management consulting firm, was under fire for its failure to disclose conflicts of interest in bankruptcy cases. The issue was McKinsey providing counsel and advice on distinction of estates … Continue reading →

A Deseret News study finds that millennials have the greatest trust in the military and colleges and universities. Those are the only two categories that garner a majority of millennials in trust. Oddly, their third highest level of trust is … Continue reading →

They are only 1.5% of the total number of scams reported to the Federal Trade Commission (FTC), but the amount lost is $143 million. “They, all 21,000 in 2018 alone,” are the reports that come in to the government agency … Continue reading →

Senator JimCarlin, after receiving three reports from Iowa Workforce Development, is targeting what he calls the “habitually unemployed.” These folks, in order to stay on unemployment, fulfill their requirement for seeking employment by applying only for jobs for which they … Continue reading →

O tempora! O mores! Does that mean 44% do not want financial security? Or does it mean that 56% don’t need “head over heels” love? Or does it mean that they are fine with “run of the mill” love? SOURCE: … Continue reading →

The words of a parent of a child seeking admission to one of New York City’s hoity-toity high schools upon having an admissions exam tutor offer a copy of the high school’s admission exam. The parent said that he/she did … Continue reading →

The richest man in the United States blogged that he has a problem. The National Enquirer threatened him with publishing photos that were obtained somehow from his private e-mail. The photos were of Mr. Bezos were described as follows: “A … Continue reading →

Virginia — Is there an elected official in the Commonwealth who does not have bizarre yearbook issues, sexual assault allegations, and/or incredibly poor responses to either? From 35 years ago to 15 years ago, the indiscretions and misconduct of the … Continue reading →

The bankruptcy of SunEdison took an interesting turn with a court filing by an attorney for one of SunEdison’s creditors. The filing, based on an investigation that the SunEdison board launched after receiving reports from employees, alleges that McKinsey and … Continue reading →

The Barometer has a question: What kind of government regulations could look at a flight by the U.S. Secretary of the Treasury on the private jet of a convicted securities fraudster and conclude that no ethics waiver was necessary? Treasury … Continue reading →

Purdue Pharma has been running ads about its role in stopping the opioid crisis. However, a court filing reveals that members of the Sackler family, founders of Purdue, took a slightly different track upon learning of abuses of their prescription … Continue reading →

A study published Friday in the JAMA Network Open finds a link between those counties in which physicians receive the highest number of gifts and payments from pharmaceutical companies and the rate of opiod overdose in those counties. Scott E. … Continue reading →

In a working paper, “Last Prices,” economist professorsLauren Cohen, Christopher Malloy, and Quoc Nguyen, gathered together the annual (10-k) and quarterly reports (10-q) of publicly traded companies and discovered something investors should consider: the numbers are not the answer; the … Continue reading →