Category Archives: News and Events

Describes new books, articles, and upcoming speeches.

Deutsche Bank Hid $1.6 Billion Loss From 2008 Until, Well, Now

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

Posted in News and Events | Leave a comment

McKinsey Settles Its Failure to Disclose Bankruptcy Positions for $15 Million

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

Posted in News and Events | Leave a comment

Millennials and Trust: Misguided or Misinformed Views

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

Posted in News and Events | Leave a comment

However, We Would Do Anything For Love, All Due Credit to Meat Loaf

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

Posted in News and Events | Leave a comment

Staying on Welfare by Applying For Jobs Well Over Your Pay Grade

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

Posted in News and Events | Leave a comment

56% of affluent consumers want financial security; 44% want “head over heels” love

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

Posted in News and Events | Leave a comment

“I would consider it cheating.”

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

Posted in News and Events | Leave a comment

Jeff Bezos: Amazon CEO, the National Enquirer, Lewd Photos, and Extortion

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

Posted in News and Events | Leave a comment

Truth Percolates — And Its Nature Has Spawned a New Business

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

Posted in News and Events | Leave a comment

More McKinsey Issues: More Than a Conflict

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

Posted in News and Events | Leave a comment

The Treasury Secretary on Private Jet of Junk-Bond King Milken

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

Posted in News and Events | Leave a comment

More on Pharmas and Addiction

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

Posted in News and Events | Leave a comment

Connection Between Gifts and Payments to Docs and Opioid

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

Posted in News and Events | Leave a comment

New Study: When They Change the Wording in the Earnings Reports– Be Afraid

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

Posted in News and Events | Leave a comment