Ford CEO Jim Farley’s $27.5 million payday is an insult to Ford employees, investors, and U.S. taxpayers.
When Joe Biden’s Lion Electric Stopped Roaring
Illinois Gov. J.B. Pritzker this month delivered the final indignity to one of the Biden administration’s green energy bets: Lion Electric’s former U.S. electric bus factory is being taken over by a manufacturer of conventional diesel equipment.
The U.S., Canadian, and Quebec governments poured hundreds of millions into Lion. School districts were promised buses that never arrived. In Quebec, roughly 1,200 electric buses were pulled off the road after a fire triggered safety concerns, canceling scores of bus routes and even forcing some school service centres to cancel classes.
Lion was hardly the Biden administration’s only EV debacle. Proterra followed a similar path—subsidized demand, rapid scaling, and eventual collapse.
The corporate media has largely treated these failures as nothingburgers. The policymakers who committed taxpayer money on both sides of the border should be held accountable.
Iran’s Public Hanging of Saleh Mohammadi
Iran’s regime executes teenagers in public.
Here’s why Canada is complicit in the brutality.
AOC’s Ketamine Leadership Consultant
Leadership consulting?
AOC’s campaign paid nearly $19K to a psychiatrist associated with ketamine therapy.
The issue isn’t the treatment. It’s the labeling.
Oxford Philosophy Majors Shall Inherit the Earth
Here’s why the smartest people in the room right now aren’t the MBAs, quants, or AI evangelists—but two Oxford-trained philosophy majors who appreciated the risks in private credit before anyone else.
One is Eugene Ludwig, the former Comptroller of the Currency under President Clinton. The other is Stephen Diggle, a money manager whose firm made billions betting on the 2007–08 financial crisis.
More than a year ago, Ludwig warned private credit was a “ticking time bomb.” Diggle is now positioned to profit from the implosion of private credit and private equity.
Meanwhile, Wall Street Journal reporter Jonathan Weil—the first to question Enron’s accounting—is raising uncomfortable questions about private credit and private equity valuations.
This story isn’t getting nearly enough attention.
Zero Emissions? GM’s Dismal Climate Scorecard
President Biden five years ago hailed GM CEO Mary Barra for leading the world’s EV transformation.
Today, Biden’s climate savior presides over one of the most gas-thirsty vehicle lineups in America. After President Trump’s reelection, GM was also the only major global automaker that couldn’t be bothered to publish a sustainability report.
Morgan Stanley’s Hotel California Credit Fund
A primer for Morgan Stanley clients invested in the firm’s North Haven Private Income Fund — where “semi-liquid” can quickly become “virtually dry.”
Private Credit: Code Red for U.S. Healthcare
As if U.S. healthcare isn’t dysfunctional enough, the industry’s growing exposure to private credit could eventually make today’s system look like the good old days.
If the model cracks, as many veteran investors predict, the fallout won’t just hit lenders and investors. It will be felt in doctors’ offices, emergency rooms, and patient bills.
Corporate BS and the Science of Sucking Up
A peer-reviewed study by a Cornell cognitive psychologist suggests employees who embrace corporate buzzwords don’t make the best employees but might be destined for the corner office.
Private Credit’s “Smartest Guys in the Room”
The history of Wall Street is rife with people who believed they were smarter by half and could engineer risk to near zero. In my lifetime there was Long-Term Capital Management, the hedge fund that employed Nobel Prize–winning economists who believed their mathematical models had tamed market volatility. For a…