The bankrupt casual restaurant chain didn’t fail because of Endless Shrimp. Its problems date back to monopolist seafood conglomerates and a private equity play.
Private Equity
Posted inHealth and Social Policy
Sam Bankman-Fried Is Not Entirely Wrong
FTX’s victims are getting up to 143 percent of their money back, because the system treated it like the fraud it was. As the Steward case shows, that’s not usually how bankruptcy works.
Posted inHealth and Social Policy
Steward Health Care’s Latest Fantasy Story
Why the bankrupt chain’s numbers don’t add up
Posted inHealth and Social Policy
A Hospital Heist Seeks Protection in the Ponzi-Friendliest Court in America
Steward Health just filed for bankruptcy in Houston’s scandal-plagued, private equity–pilled bankruptcy court.
Posted inMoney, Politics, and Power
Bipartisan Effort Under Way to Hobble Biden’s Antitrust Policies
Reps. Thomas Massie (R-KY) and Lou Correa (D-CA) are teaming up to undercut one of the most obscure yet critical moves against corporate power.
Posted inEducation in America
Attempt to Offload Shady For-Profit College Runs Into Trouble
The University of Idaho wants to buy the University of Phoenix for $685 million. Some Idaho lawmakers are starting to sour on the deal.
Posted inHealth and Social Policy
Scenes From the Bat Cave
How Steward Health left a Space Coast community hospital in a literal world of shit
Posted inHealth and Social Policy
Company Behind Joe Namath Medicare Advantage Ads Has Long Rap Sheet of Misconduct
The firm formerly known as Benefytt pocketed millions selling sham insurance to seniors and other consumers.
Posted inHealth and Social Policy
Dealing With the Bad Stewards
Bailing out a critical Massachusetts hospital chain should come with some consequences for the financial operators who put them in that position.
Posted inHealth and Social Policy
Attack of the Straw Doctors
Amazon and the Adderall pill-mill lobby blitz Oregon to kill a (tame) ‘corporate practice of medicine’ ban.