NYC Prisons Face Crippling Staff Shortages As Thousands Defy Mayor’s Vaccination Mandate Outgoing NYC Mayor Bill de Blasio has been widely criticized for seeming and acting out of touch with New Yorkers. And during his final weeks in Gracie Mansion, the intensely unpopular Democratic candidate may unwittingly handicap the already struggling NYC jail Riker’s Island. To wit, the AP reports that hundreds of city department […]

Satyajit Das Exposes Fintech’s “Flim-Flam” Innovation Games Authored by Satyajit Das via NakedCapitalism.com, Investment in fin-tech (the untidy agglomeration of finance and technology) has reached a record $91.5 billion, double that of 2020. In the last quarter, there were over 40 fintech unicorns (start-ups valued at over $1 billion). The sector now attracts around 20% of all venture capital. But its looks remarkably like a repeat […]

JPM’s Kolanovic Suggests Omicron Could Be Positive For Risk And “End The Covid Pandemic” Two days ago, amid one of the biggest market routs since March 2020 and following the worst Black Red Friday for markets in history sparked by the panic and chaos over the brand new Omicron variant, we asked a simple, contrarian question: “Will The Omicron Virus Turn Out To Actually Be […]