This just hit the wires – – someone managed to sneak a video from inside Theranos of someone playing the “Kill John Carreyrou” game the employees had made, Space Invaders-style. A reminder that Mr. Carreyrou was the multiple Pulitzer Prize-winning journalist who uncovered the huge scam run by Elizabeth “Crazy Eyes” Holmes and Sunny “Headin’ to Court” Balwani.
Lord knows the world has been subjected to a mountain of craptastic come-ons from the smarmy world of cryptocurrencies over the past few years……(more…)
In the book Modern Money Theory by L. Randall Wray, the author declares of MMT (that is, Modern Monetary Theory) that it will go through three phases of public opinion.
First, it will be ridiculed. Second, it will be violently opposed. Third, and finally, it will be accepted as self-evident. I’m not sure if it will play out that way, but I’m here for offer an essay which is probably straddling the first and second phases.
Interestingly, this prediction was word for word what a certain Elizabeth Holmes declared in this video when she was making her final, desperate bid to save Theranos from its inevitable failure.(more…)
I was hesitant to spend two hours watching the Theranos document, The Inventor, which is available on HBO. However, three-day weekends tend to be boring for me, so I broke down and watched it. Here’s the trailer.(more…)
No, I’m not referring to the corners of my soul. I’m speaking of the lack of light in the early morning of Palo Alto’s suburban streets. In spite of just having woken up, I am treated to the following:
(1) Equities are continuing to weaken