Friday, May 26, 2017

Government Austerity Demands That We Die Within Our Means

Theresa May’s plans to intensify austerity are costing her votes. About time.

Reminder: NYC Meetup With Lambert Next Wed, May 31

More details about our NYC meetup next week.

2:00PM Water Cooler 5/23/2017

Today’s Water Cooler: NAFTA, 2018, DNC and Florida Dem debacles, chemical activity, household income, Maine lobsters, Piketty, Instagram

Links 5/23/17

Bill Black: FBI Investigations Are Conducted at the Discretion of its Director

Bill Black discusses the history and dynamics of FBI investigations, which are neither as unstoppable nor as unimpeachable as is sometimes claimed.

Wall Street Journal Trolls CalPERS After Getting It to Correct Expense Misrepresentation

The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.

4 Lies in 25 Seconds: CalPERS’ Wylie Tollette, PR Staff, Keep Cooking Cost Numbers Despite Being Called Out

Another example of institutionalized lying is deeply rooted at CalPERS, even though they aren’t very good at it.

Gaius Publius: The Dying Fossil Fuel Industry

The oil industry is on a downward trend, and the trajectory could be faster than most anticipate.

2:00PM Water Cooler 5/22/2017

Today’s Water Cooler: TPP, NAFTA, CA Democrat chair election, credit scores and 2016 results, national activity, drones, Uber, Corbyn surge

Climate Change: What Follows as US Surrenders Global Leadership Role?

Shell CEO calls on Trump not to renounce Paris climate accord, but if the US does, other efforts- e.g. Chinese, Indian– will loom larger.

Board Member JJ Jelincic Calls Out CalPERS’ “Roy Cohn,” General Counsel Matt Jacobs

CalPERS board member JJ Jelincic shows the lengths to which the board and staff will go to silence dissident board members.

Links 5/22/17

Peter Van Buren: Whistleblowers, Moral Injury, and Endless War

Introduces new novel, Hooper’s War, about the moral injury suffered in war. Did this motivate Chelsea Manning to become a whistleblower?

Healthcare Inefficiency: “Low-Quality Drugs Diffuse More Quickly in the US”

Another way in which the US health care system is exceptional: minimally effective drugs find a market faster here than abroad.

Apple Spends Big to Thwart Right to Repair in New York and Elsewhere

Apple spends big to thwart right to repair, while efforts to expand into to India meet mixed results and fail to snare concessions as sought.