Category Archives: News and Events

Describes new books, articles, and upcoming speeches.

“[I] got caught in the cross hairs between a very politically ambitious prosecutor [and] a judicial system of juries that don’t really understand sophisticated financial crimes.”

Rajat K. Gupta,former Goldman Sachs director, former McKinsey consultant, who was convicted of insider trading for tipping off Raj Rajaratnam (Galleon) about Warren Buffett’s critical $5 billion infusion into Goldman in 2008. Mr. Gupta served a two-year prison sentence, and … Continue reading

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The World-Class Ophthalmologist Out as Med School Dean at USC

Dr. Carmen A. Puliafito was a heck of a dean at the USC medical school. Under his leadership, the school went up in the rankings and hauled in millions in donations. However, it seems there was some extracurricular activity on … Continue reading

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High Schools Grades Are Way Up, and SAT Scores Keep Going Down

Currently, 47% of high school graduates have an “A” average. In 1998, that figure was 38.9%. Since 1998, the SAT average has dropped from 1026 to 1002 (scale of 1600 points). Brilliant students who can’t take a test? Grade inflation? … Continue reading

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A Baseline Knowledge About Religion Is Missing at the New York Times

On Sunday, July 16, 2017, New York Times reporter Philip Galanes, had his 1 1/2=page interview with Bill Maher and Fran Lebowitz published as a front-page feature in the Sunday Styles section (that is the section with the weddings, goofy … Continue reading

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That’ll Learn Him: Greek Statistician Will Stand Trial for Incorrect Deficit Numbers

Before the Greek debt crisis, the Greek government’s statistics agency, headed by Andreas Georgiou (yes, his name does end in IOU), manipulated the stats and made the Greek budget deficits smaller than the actually were. Under pressure from the EU, … Continue reading

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Mexico Misses Its Deadline on Its Anticorruption Program: The Best Laid Plans of Graft and Men

There were grandiose plans. A full anticorruption effort complete with anticorruption prosecutor, 18 judges to hear corruption cases, and all within one year. Here we are, one year later, and the deadline has come and gone. Lawmakers could not agree … Continue reading

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“If you hold a tiger by the tail, you have a difficult choice to make: Do you let go or not? It’s not a good thing to alienate any legislative leader.”

Richard Runes, a lobbyist for Glenwood Management, testifying in the corruption trial of Sheldon Silver. Mr. Rune also testified, “He was one of the three most powerful people in the state of New York, governmentally.” Mr. Runes had Glenwood retain … Continue reading

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Philadelphia District Attorney Pleads Guilty to Federal Corruption Charge

There’s headline you don’t want to see. R. Seth Williams was charged with providing official favors to two businesses in exchange for cash, Caribbean vacations, airline tickets, expensive furniture, a Burberry watch, a Burberry purse for his girlfriend and a … Continue reading

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“I’m a creep.”

Blog post by Dave McClure, founder and now former CEO of 500 Startups, a Silicon Valley incubator. The post was made after the company confirmed his resignation as CEO. Mr. McClure went on to explain that he made advances to … Continue reading

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“I looked right at him, and in my head I said, ‘That’s a snake’ — not knowing who he was.”

A potential juror during voir dire in the jury trial (for securities fraud) of Martin Shkreli. Other potential jurors, who were struck one-by-one, did not have much better, even after the judge reminded the potential jurors that the trial was … Continue reading

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“Marketplaces don’t work when people are cheating.”

Travis Kalanick, Founder and Former CEO, Uber. Hmmmm.

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Uber: The Gang That Can’t Shoot Straight

Uber was a Schumpeterian success. The creative destruction of the cab/Lincoln Town car transportation model. Independent contractors driving folks around in their own cars on their own schedules. Uber was hip, groovy, defiant, and the company the sophisticated opted to … Continue reading

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The NCAA Report “Does Not Identify a Single Specific Thing That Coach Pitino Should Have Done. . . “

Scott Thompsett, lawyer for Louisville head basketball coach, Rick Pitino, handling Mr. Pitino’s appeal of NCAA sanctions against him for the former director of operations providing strippers and prostitutes to basketball recruits in the basketball dorm on the campus. Actually, … Continue reading

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“8 Years of Rust Show as Senate Ethics Committee Finally Has Meeting”

New York Times, June 16, 2017, p. A24. Now there’s a headline. The headline refers to the ethics committee of the New York State Assembly. And it only took 12 senators being convicted of crimes and a host of various … Continue reading

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