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Monthly Archives: June 2018
Rod Rosenstein and Truth Percolating
Rod Rosenstein, assistant attorney general of the United States and second in command at the Justice Department, is featured on the front page of today’s New York Times. According to the article, which is sourced to 4 people, Mr. Rosenstein … Continue reading
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Algeria’s Fix For Student Cheating?
Algerian officials had enough of the students cheating during exams. Their solution? Shut down the Internet in the whole country during exam hours. A digital blackout. In order to cheat, the students will have to go low tech — back … Continue reading
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McKinsey and South Africa’s Corruption: A Loss on a $700-Million Contract and Brand Damage — Should Have Listened to Jeffrey Skilling
Top front page and 3 full; inside pages in today’s New York Times about McKinsey & Company’s consulting contract with Eskom, a South African power company. It was a $700 million contract, but the payment was contingent on turning around … Continue reading
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“Not subprime mortgages, not Countrywide, not Angelo Mozilo. I wish I had that kind of power.”
Former Countrywide CEO, Angelo Mozilo, in an interview with the Wall Street Journal on whether the mortgages loans his company (and many others) made were the cause of the 2008 housing crisis and market collapse. He says a liquidity crunch … Continue reading
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McKinsey & Co. and the Duty to Disclose
The McKinsey RTC division of McKinsey & Co. participated in the restructuring of United Airlines, American Airlines, Edison Mission Energy, NII Holdings, Inc., Alpha Natural Resources, Inc. and SunEdison, Inc. McKinsey RTC was an adviser to those companies during their … Continue reading
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One of the Worst Quotes from the Justice Department Inspector General Report on the FBI Investigation of Hillary Clinton’s Private E-Mail and Server
FBI attorney Lisa Page and Peter Strzok, paramours, engaged the following in their preparation for questioning then-candidate Hillary Clinton about her e-mails, server, and destruction of both: 10:52 p.m., Page: “One more thing: she might be our next president. The … Continue reading
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Training Can’t Solve These Problems
Members of Congress, the broadcast industry, and Hollywood producers were removing their clothes in offices and elevators. Paul Ryan’s congressional solution is sexual harassment training for all members of congress and their staff. A Starbucks manager handles a non-paying customer … Continue reading
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“Mediterranean-Diet Study Is Retracted, Then Reissued With Same Findings.”
New York Times, June 14, 2018, p. A23. Hold the olive oil — no one is clear on this one. Issue, retract, reissue, and still no one can replicate. Turns out the folks in the villages where the subjects eating … Continue reading
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“Bitcoin Price Was Manipulated, Fueling ’17 Boom, Study Finds”.
New York Times, June 14, 2018, p. B1. Well, la-de-da! I think we knew that.
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Clint Walker: A Good Guy on “Cheyenne” and a Good Guy in Real Life
Clint Walker was a struggling young actor in the 1950s, securing minor parts in Bowery Boys’ films. Then came an opportunity to meet with Cecil B. DeMille about his film, “The Ten Commandments.” On the way to his chance-of-a-lifetime meeting, … Continue reading
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In the “You Got Some Nerve” Department: The Professor Behind AIG’s 1996-2008 Risk Models
Professor Gary Gorton of Yale University served as a consultant for AIG from 1996-2008. Professor Gorton’s job was to devise computer models for AIG to use to gauge the risk in those delightful derivatives — credit-default swaps. The Barometer could … Continue reading
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