• Pivotfarm
    07/07/2015 - 13:55
    Corruption has been the coveted jewel in everybody’s crown since antiquity. Aristotelian philosophy believed that everybody who had power could become corrupt.

Corporate America

Tyler Durden's picture

Ex-Im Bank Bites The Dust Today - Good Riddance To A Crony Capitalist Heist





The Export-Import Bank died last night when its charter expired. After 81 years, what is commonly known as Boeing’s Bank is headed toward Washington’s trash bin. When Congress returns it could revive Ex-Im, which primarily subsidizes big business exports. But a proper burial for what Barack Obama once called “corporate welfare” would save Americans money, reduce economic injustice, and promote economic growth. Ex-Im’s closure is a very rare victory for the good guys in Washington. Crony capitalism is running rampant in America, undermining confidence in a market economy.

 
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America Is Its Own Worst Enemy - Trapped In Irrational Exuberance





Yes, the clock’s ticking louder, louder, warns the Economist, “only a matter of time before the next recession strikes.” Unfortunately, the “rich world is not ready.” America’s not prepared. You are not ready.

 
EconMatters's picture

How Companies Are Using PIP To Humiliate and Get Rid of Workers





Another story from The dark side of Corporate America....

 
Tyler Durden's picture

$140 Billion Bond Fund Goes To Cash As It "Braces For Bond-Market Collapse"





“If you distort markets for long periods of time and then you remove those distortions, you’re subject to unanticipated volatility,” TCW's Jerry Cudzil tells Bloomberg, adding that the firm is "as defensive as [it's] been since pre-crisis.”

 
EconMatters's picture

How Some Companies Are Scamming Job Applicants





Guess what?  You were never meant to get the job!

 
Tyler Durden's picture

Foreign Policy Coup: De-Americanization of World's Conflicts





Somehow, in the stupor of false patriotic pride, Americans are unwilling to accept that their enemy is not scattered around the seven seas, as they are being told, but has pitched its bivouac tent right here at home; government and most endearing American institutions having been hijacked by a ruling elite that have placed Washington under their thumb. For self-preservation, America’s ruling elite might consider optimizing its position, not just domestically but internationally, by accepting conviviality as its foreign coup. A farfetched proposition...?  Of course; but world peace can benefit us all.

 

 
Tyler Durden's picture

The War On Cash: Officially Sanctioned Theft





While the benefits to banks and governments of banning physical cash are self-evident, there are downsides to the real economy and to household resilience. Why are governments suddenly acting as if cash money is a bad thing that must be severely limited or eliminated?

 
Tyler Durden's picture

You're Fired – Now Train Your Much Cheaper Foreign Replacement





The U.S. middle class is being systematically ripped to shreds, and most Americans are showing very little alarm about this. How much damage has to be done before people will finally start waking up?

 
Tyler Durden's picture

How Companies Mask Runaway Inflation





Do you feel like you’re running out of pepper more often these days? Have you noticed that Slim Jims have gotten shorter? Rest assured it is not your imagination, it is simply a symptom of corporate America attempting to hide runaway inflation by employing "slack fill."

 
Tyler Durden's picture

SEC Reads Zero Hedge, Launches Crack Down On Activist Hedge Fund "Idea Dinners"





Ten months after we asked whether "The SEC Is Asking These Hedge Funds Why They All Rushed Into Allergan Last Quarter?" we find that the US market regulator indeed reads this website on a regular basis. As the WSJ reports the SEC has answered our question, and yes: the  SEC is finally asking not only "these" hedge funds why they all rushed into Allergan, but into every other collusive activist take out target.

 
Tyler Durden's picture

Memo To The Fed And Jon Hilsenrath: We're Not Here To Enrich Your Corporate Cronies





Memo to the Fed and its media tool Hilsenrath: we're not here to further enrich your already obscenely rich banker and corporate cronies by buying overpriced goods and services we don't need. Our job is not to spend every cent we earn on interest to banks and mostly-garbage corporate goods and services. Our job is to limit the amount we squander on interest and needless spending. Our job is to build the financial security of our families by saving capital and prudently investing it in assets we control (as opposed to letting Wall Street control our assets parked in equity and bond funds).

 
Tyler Durden's picture

C-Suite Gamblers - The Real "Dumb Money" Inflating The Bubble





U.S. companies announced $141 billion of new stock buyback programs last month and $243 billion of new M&A deals. Both figures are all-time records, and according to bubblevision are further evidence that CEOs are bullish on their companies and the economic outlook. You might say that. Then, again, it might put you in mind of swarming moths heading for a light bulb. The baleful truth is this. In its arrogant and misbegotten seizure of all financial power, the nation’s central bank has turned the C-suite of corporate America into a destructive agent of bubble finance. That’s ‘dumb money’ with a vengeance.

 
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This Is What Happens When A Millennial Tries To Get A Job





Heavily-indebted millennials are quickly finding out what it means to enter the job market during the "waiter and bartender recovery" as recent graduates with advanced degrees opt for serving tables and pouring drinks thanks to poor employment prospects. “You’re like, ‘I’ll do anything and apply for everything, but usually it’s an electronic filing and you’re spending all your time on it and never hear back. So far, I have applied for around 30 jobs, if not more, and have heard back on two of them."

 
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