DraftKings and FanDuel have maximized internet surveillance to wring as much out of their customers as possible.
Money, Politics, and Power
Posted inMoney, Politics, and Power
The Eight Congressmen Subverting the SEC’s Crypto Investigation
Call them the ‘Blockchain Eight.’
Posted inMoney, Politics, and Power
New Reform Bill Reinforces Authority for Postal Banking
But the only way it’s going to happen is if Postmaster General Louis DeJoy agrees to it.
Posted inMoney, Politics, and Power
Another Possible Stock Trading Loophole
Members of Congress would be allowed to continue trading industry funds under the two leading stock trading ban bills in Congress.
Posted inMoney, Politics, and Power
The Real Reason Republicans Are Blocking Biden’s Fed Nominees
It has to do with Sen. Cynthia Lummis and special Wyoming-chartered depository institutions that take cryptocurrencies.
Posted inMoney, Politics, and Power
Rollups: Private Equity Eyes Youth Treatment Centers as a Takeover Target
A new report highlights increased private equity investment in troubled teen, foster care, and other behavioral services, alongside disturbing reports of abuse and neglect.
Posted inMoney, Politics, and Power
Bloomberg’s Military Investments Unknown as He Heads to Pentagon Position
The billionaire former mayor was tapped to chair the Defense Innovation Board, a go-between for the military and Silicon Valley.
Posted inMoney, Politics, and Power
‘McKinsey for Kids’: An Insidious Tool Kit for Spreading Corporate Influence
By projecting an image of expertise and empathy, McKinsey’s ‘thought leadership’ helps the firm preserve and perpetuate its power.
Posted inMoney, Politics, and Power
Distressed-Debt Hedge Funder Becomes CEO of New Development Bank
The new head of the Development Finance Corporation spent two decades at a Boston hedge fund that controlled nearly $1 billion in Puerto Rican debt.
Posted inMoney, Politics, and Power
Private Equity’s Airline Strategy Could Draw a Challenge
Budget airlines Frontier and Spirit, buoyed by a private equity investor, announced a merger earlier this week. But a revamped antitrust enforcement atmosphere awaits.
