– It Was All a Hoax: This 27-year-old Venezuelan guy was one of 50 migrants taken to Marthas Vineyard from San Antonio, Texas, under the instructions of Florida governor Ron DeSantis. – The Legacy of Jack Welchs Managerial Capitalism: Welch did not leave a good legacy for GE or its investors: its stock fell 25% during Welchs final year, and if you held stock in GE from 1984 (three years into Welchs tenure) up until 2020, your total investor return was 745% versus 3,385% for the S&P. – The Antitrust Shooting War Has Started: In a series of stinging losses, the DOJ and FTC are running up against Trump judges and pro-monopoly government bureaucrats. – Putin Is a Fool: Intercepted Calls Reveal Russian Army in Disarray: Russian soldiers made thousands of calls from the battleground in Ukraine to family members at house. – Letitia James and Trumps Costly Lies: Will the New York AGs suit– which implicates Trump and his family of consistently lying about the worth of their possessions– finally bring him to justice?
Prevent your eyes! My Sunday morning take a look at incompetency, corruption and policy failures:
– It Was All a Hoax: This 27-year-old Venezuelan male was among 50 migrants taken to Marthas Vineyard from San Antonio, Texas, under the instructions of Florida guv Ron DeSantis. The Republican is currently dealing with numerous lawsuits declaring he lured the migrants to Marthas Vineyard under false pretenses and breached Florida law by utilizing state funds to transport them as a way of protesting President Bidens border policies. (New York Magazine).
– A Ponzi plan by any other name: the bursting of Chinas property bubble: Only state intervention can conserve the day, but the pain is likely to fall on ordinary residents, say observers. (The Guardian).
– The Legacy of Jack Welchs Managerial Capitalism: Welch did not leave a great tradition for GE or its shareholders: its stock fell 25% throughout Welchs last year, and if you held stock in GE from 1984 (3 years into Welchs period) until 2020, your total shareholder return was 745% versus 3,385% for the S&P. GE was replaced by Walgreens in the Dow Jones Industrial Average and endured the 2008 subprime home mortgage mess thanks only to bailouts from Warren Buffett and the federal government. (Law & & Liberty).
– They Were Entitled to Free Care. Health Centers Hounded Them Anyway: How a Private Equity Hospital Chain Used a Poor Neighborhood to Turn Huge Profits: Bon Secours Mercy Health, a significant not-for-profit health system, used the poverty of Richmond Community Hospitals patients to take advantage of a rewarding federal drug program. With the help of a consulting company, the Providence medical facility system skilled personnel to wring money out of patients, even those qualified free of charge care. (New York Times).
– The Antitrust Shooting War Has Started: In a series of stinging losses, the DOJ and FTC are running up against Trump judges and pro-monopoly federal government bureaucrats. What happens now? (Matt Stoller).
– Putin Is a Fool: Intercepted Calls Reveal Russian Army in Disarray: Russian soldiers made countless calls from the battleground in Ukraine to relatives in your home. Here are their conversations. (New York Times) see also Ukraine Military Breakthrough Threatens Russian Grip: Higher expenses seen for gains in southern Kherson offensive Kharkiv region attacks threatening key Russian logistics hub (Bloomberg).
– Was Rudy Giuliani Always So Awful? A lively new bio explores how the male when commemorated as “Americas mayor” fell into disgrace. (New Yorker).
– Justices shield spouses work from possible dispute of interest disclosures: Ginni Thomas, Jane Roberts and Jesse Barretts clients remain a secret, fanning fears of outdoors impacts. (Politico).
– Letitia James and Trumps Costly Lies: Will the New York AGs claim– which accuses Trump and his household of repeatedly lying about the value of their properties– finally bring him to justice? (The Bulwark) however see The Trump Lawsuits Known Unknowns: We can ask why the Deutsche Bank credit committee might be so silly regarding decide to provide money to Donald Trump, after his famous performance history of stiffing Wall Street creditors and his tortured relationship with Wall Street. (Puck).
– World in Photos: One womans death sparks discontent and a crackdown throughout Iran: The death of Mahsa Amini in police custody has actually caused the largest demonstrations in Iran in years. (Grid).
Make sure to take a look at our Masters in Business interview this weekend with David McRaney, science journalist, blogger, author, and podcaster. He created the podcast You Are Not So Smart based on his successful book of the exact same name. His new book is “How Minds Change: The Surprising Science of Belief, Opinion, and Persuasion.”
Supreme Court Trust, Job Approval at Historical LowsSource: Gallup
Register for our reads-only mailing list here.
~ ~ ~.
To learn how these reads are assembled each day, please see this