Monthly Archives: September 2015

September 30, 2015

• 2:00PM Water Cooler 9/30/2015
  by Lambert Strether 2:00 pm

• Who Needs Balanced Trade? Who Needs Balanced Budgets?
  by Yves Smith 9:55 am

• Links 9/30/15
  by Yves Smith 6:55 am

• Glencore, Commodities Traders, and Systemic Risk
  by Yves Smith 6:39 am

• Former State Chief Investment Officer Tells CalPERS and CalSTRS to Fire Consultant PCA Over Proposed Fix for Poor Private EquityPerformance
  by Yves Smith 5:40 am

• Gaius Publius: What’s Called “Capitalism” Is Far from Any Model of Capitalism or Market
  by Yves Smith 12:49 am

September 29, 2015

• 2:00PM Water Cooler 9/29/2015
  by Lambert Strether 2:00 pm

• California State Controller Betty Yee, CalSTRS Board Member Blow Off Union Spokesman on Private Equity Fees
  by Yves Smith 10:30 am

• Michael Hudson: Obama Re-Defines Democracy – A Country that Supports U.S. Policy
  by Yves Smith 9:55 am

• Links 9/29/15
  by Yves Smith 6:55 am

• Is CalSTRS Enabling Election Fraud?
  by Yves Smith 3:30 am

• With Shell’s Failure, U.S. Arctic Drilling Is Dead
  by Yves Smith 12:25 am

September 28, 2015

• 2:00PM Water Cooler 9/28/2015
  by Lambert Strether 2:00 pm

• Frances Coppola: The Great Yield Divergence
  by Yves Smith 9:55 am

• Links 9/28/15
  by Yves Smith 6:55 am

• Wolf Richter: This is When Bonds Go Kaboom!
  by Yves Smith 6:05 am

• 1.5 Million American Families Live on $2 a Day — How the Poorest Get By
  by Yves Smith 1:53 am

• Debacle, Inc.: How Henry Kissinger Helped Create Our ‘Proliferated’ World
  by Yves Smith 12:54 am

September 27, 2015

• Links 9/27/15
  by Yves Smith 6:55 am

• A Progressive Pope or Greenwashing the Vatican?
  by Yves Smith 1:11 am

• Ilargi: Europe’s Refugees Are a Global Crisis
  by Yves Smith 12:31 am

September 26, 2015

• Links 9/26/15
  by Yves Smith 6:55 am

• A Physician Substantially Tied to the Pharmaceutical Industry Nominated to Run the FDA
  by Yves Smith 2:16 am

• Tony Benn’s Ten Minute History of Neoliberalism
  by Yves Smith 1:14 am

September 25, 2015

• 2:00PM Water Cooler 9/25/2015
  by Lambert Strether 2:00 pm

• Private Equity Underperformance Denialist, Pension Consulting Alliance, Tells CalSTRS to Fix Performance Problems by Scrapping Benchmark
  by Yves Smith 9:55 am

• Links 9/25/15
  by Yves Smith 6:55 am

• Former California Official Blasts CalPERS CEO Anne Stausboll, Staff, and Board for Misconduct
  by Yves Smith 6:50 am

• Imperial Overreach: U.S. Special Ops Forces Deployed in 135 Nations
  by Yves Smith 3:31 am

• Bill Black on the Department of Justice’s Failure to Prosecute Individuals and Promises to Do Better
  by Yves Smith 3:13 am

September 24, 2015

• 2:00PM Water Cooler 9/24/2015
  by Lambert Strether 2:00 pm

• Gaius Publius: Will Senator Whitehouse Renew His Call for RICO Prosecution of Climate-Denying Companies like Exxon?
  by Yves Smith 9:55 am

• Links 9/24/15
  by Yves Smith 6:55 am

• Public Pension Fund Study: High Fee Strategies Like Private Equity Lose Billions Compared to Cheaper Alternatives
  by Yves Smith 4:44 am

• Greece: No Lessons Learned
  by Yves Smith 1:49 am

• VW Scandal Bad News For Diesel
  by Yves Smith 1:40 am

September 23, 2015

• 2:00PM Water Cooler 9/23/2015
  by Lambert Strether 2:00 pm

• Are the Affluenza Getting Nervous?
  by Yves Smith 9:55 am

• Links 9/23/15
  by Yves Smith 6:55 am

• Elizabeth Warren, Other Senators Back IRS in Cracking Down on Private Equity Tax Abuse, Management Fee Waivers
  by Yves Smith 2:10 am

• Don Quijones: Uruguay Does Unthinkable, Rejects TISA and Global Corporatocracy
  by Lambert Strether 1:55 am

• Privatizing the Apocalypse: How Nuclear Weapons Companies Commandeer Your Tax Dollars
  by Yves Smith 12:28 am

September 22, 2015

• 2:00PM Water Cooler 9/22/2015
  by Lambert Strether 2:00 pm

• Gaius Publius: They Knew – Exxon’s Own Research Confirmed Fossil Fuels’ Role in Global Warming Decades Ago
  by Yves Smith 9:55 am

• Links 9/22/15
  by Yves Smith 6:55 am

• Private Equity Asset-Stripping Strategy Meets Charter Schools to Produce Even Better Looting
  by Yves Smith 6:30 am

• IBM Lobbyist Planted Question From USTR Official at a 2013 Public Hearing
  by David Dayen 6:00 am

• Nicholas Shaxson: Why a ‘Competitive’ Economy Means Less Competition
  by Yves Smith 2:00 am

September 21, 2015

• 2:00PM Water Cooler 9/21/2015
  by Lambert Strether 2:00 pm

• Is Everything Carly Fiorina Says a Lie, Including “And” and “The”?
  by Lambert Strether 9:55 am

• Links 9/21/15
  by Lambert Strether 6:55 am

• SEC’s Mary Jo White Plots to Oust Effective Accounting Regulator, in Face of Escalating Criticism Over Conflicts
  by Yves Smith 6:47 am

• Iran Deal May Redefine The Middle East
  by Yves Smith 1:36 am

September 20, 2015

• The History of Witchhunts and Their Relevance to the Present Day
  by Lambert Strether 12:38 pm

• Links 9/20/15
  by Lambert Strether 6:55 am

• Electronic Health Record Vendors Use Gag Clauses to Hide Lethal Bugs in the IT Systems They Sell
  by Lambert Strether 1:55 am

September 19, 2015

• Links 9/19/15
  by Yves Smith 6:55 am

• Building a Historical Index of Happiness Using Google Books
  by Yves Smith 4:37 am

• John Helmer: MH17 – The Lie to End All Truths, and New Evidence
  by Yves Smith 2:14 am

September 18, 2015

• 2:00PM Water Cooler 9/18/2015
  by Lambert Strether 2:00 pm

• Links 9/18/15
  by Yves Smith 6:55 am

• Will Banks “Cough Up Executives” in the Treasury Bid-Rigging Scandal?
  by Yves Smith 4:29 am

• Wolf Richter: Bankers Threaten Fed with Layoffs if it Doesn’t Raise Rates
  by Yves Smith 3:44 am

• The Star Trek Fallacy: Romanticizing Imperialism
  by Yves Smith 2:51 am

September 17, 2015

• 2:00PM Water Cooler 9/17/2015
  by Lambert Strether 2:00 pm

• Contemporary Capitalism: Neoliberal Capitalism, Financialized Capitalism, or Globalized Capitalism?
  by Yves Smith 9:55 am

• Links 9/17/15
  by Yves Smith 6:55 am

• Frances Coppola: Rethinking Government Debt and Monetary Sovereignity
  by Yves Smith 6:47 am

• More Proof That Economic Policies Have Failed Workers: Median Real Incomes Stagnant for Last Two Decades
  by Yves Smith 5:48 am

• John Helmer: MH17 – Inadmissible Evidence
  by Yves Smith 4:55 am

September 16, 2015

• 2:00PM Water Cooler 9/16/2015
  by Lambert Strether 2:00 pm

• CalSTRS, Maryland Fund Private Equity Players Seeking Profits in the Refugee Crisis
  by Yves Smith 9:55 am

• Links 9/16/15
  by Yves Smith 6:55 am

• Why You Should Care About CalPERS’ Staff’s and Board’s Incompetence in Private Equity and What You Can Do About It
  by Yves Smith 12:19 am

• Chris Hedges and Leo Panitch: We are All Greeks Now
  by Yves Smith 12:15 am

• Low Unemployment with Falling Capacity Utilization… Not a Good Sign for Fed Liftoff
  by Yves Smith 12:04 am

September 15, 2015

• 2:00PM Water Cooler 9/15/2015
  by Lambert Strether 2:00 pm

• Second Circuit Rules That Dodd-Frank Whistleblower Protections Protect … Whistleblowers
  by Nathan Tankus 6:55 am

• Links 9/15/15
  by Yves Smith 6:55 am

• Lehman Anniversary: A Reminder That the SEC Needs Someone a Lot Better Than Mary Jo White as Chairman
  by Yves Smith 6:50 am

• Corbynomics 101: A Guide to People’s QE (PQE)
  by Yves Smith 1:22 am

• John Helmer: MH17 – Dutch Prepare Missile Attack on Moscow
  by Yves Smith 12:19 am

September 14, 2015

• 2:00PM Water Cooler 9/14/2015
  by Lambert Strether 1:55 pm

• Perry Mehrling: What Does Repo Do? And Can We Do Without It?
  by Yves Smith 9:35 am

• MMN Event This Monday: Politics, Corruption, and Campaign Finance
  by Nathan Tankus 6:55 am

• Links 9/14/15
  by Lambert Strether 6:55 am

• Credit Rating Agencies and Brazil: S&P as Neoliberal Enforcer
  by Yves Smith 3:45 am

• Mission Impossible Star and Sometime Political Aspirant Alec Baldwin and Retweets Yves’s Post on CalPERS Capture by Private Equity
  by Lambert Strether 2:55 am

• Garrisoning the Globe, How U.S. Military Bases Abroad Undermine National Security and Harm Us All
  by Yves Smith 12:43 am

September 13, 2015

• Corbyn: The Day After
  by Lambert Strether 11:55 am

• Links 9/13/15
  by Lambert Strether 6:55 am

• Germany’s Handling of Immigration Will Shape the Future of Europe
  by Lambert Strether 1:55 am

September 12, 2015

• Campaign 2016 and the 420: Marijuana Policy and the Coming of Big Weed
  by Lambert Strether 12:11 pm

• Links 9/12/15
  by Lambert Strether 6:55 am

• Cereals, Appropriability, and Hierarchy
  by Lambert Strether 2:55 am

September 11, 2015

• 2:00PM Water Cooler 9/11/2015
  by Lambert Strether 2:00 pm

• CalPERS Board Members Defend Poor Performance by Staff, Capture by Private Equity
  by Yves Smith 11:09 am

• Health Care at the Veterans Administration and the “Choice Card,” One Year Later
  by Lambert Strether 10:45 am

• Links 9/11/15
  by Lambert Strether 6:55 am

• Spillovers of Pro-Social Motivation: Evidence From a Randomised Intervention Study on Blood Donors
  by Lambert Strether 2:55 am

• Bill Black: Now the Justice Department Admits They Got it Wrong
  by Yves Smith 12:05 am

September 10, 2015

• 2:00PM Water Cooler 9/10/2015
  by Lambert Strether 2:00 pm

• How CalPERS’ Consultant, Pension Consulting Alliance, Promotes Intellectual Capture by Private Equity
  by Yves Smith 11:10 am

• California Readers: Catch on KPFA This Friday at 7:30 AM PDT Discussing CalPERS and CalSTRS (Update: Or Listen to the Stream)
  by Yves Smith 11:09 am

• Links 9/10/15
  by David Dayen 4:00 am

• Why Are Fannie and Freddie Raising Their Foreclosure Timeline?
  by David Dayen 2:30 am

• David Kotz: Understanding Contemporary Capitalism, Part I
  by David Dayen 1:30 am

• Nomi Prins: Mexico, Federal Reserve Policy and Danger Ahead for Emerging Markets
  by Yves Smith 12:26 am

September 9, 2015

• 2:00PM Water Cooler 9/9/2015
  by Lambert Strether 2:00 pm

• CalPERS’ Senior Investment Officer Flouts Fiduciary Duty by Refusing to Answer Private Equity Questions
  by Yves Smith 11:10 am

• Links 9/9/15
  by David Dayen 4:00 am

• Nomura Wins Sad-Sack Bank of the Week After Overpaying on Court Loss to FHFA, Having Bond Traders Indicted
  by David Dayen 2:45 am

• Wolf Richter: Corporate Revenue Recession Spreads past Dollar, Energy
  by David Dayen 2:00 am

September 8, 2015

• 2:00PM Water Cooler 9/8/2015
  by Lambert Strether 2:00 pm

• CalPERS’ Chief Investment Officer Invokes False “Superior Returns” Excuse to Justify Fealty to Private Equity
  by Yves Smith 11:13 am

• CalPERS, an Anatomy of Capture by Private Equity
  by Yves Smith 11:13 am

• Announcing Site Policy Change on Comments
  by Yves Smith 11:11 am

• The End of the Deferred Prosecution Agreement?
  by David Dayen 9:55 am

• Links 9/8/15
  by David Dayen 4:00 am

• Breaking the Greek Debt Impasse: A Solution for Greece
  by David Dayen 2:30 am

• Perry Mehrling: A Turbulent Exit, as the Fed Achieves “Lift-off”?
  by David Dayen 1:55 am

September 7, 2015

• 2:00PM Water Cooler Labor Day 2015
  by Lambert Strether 1:55 pm

• Crane Brinton on Revolution
  by Lambert Strether 11:30 am

• Links 9/7/15
  by Lambert Strether 6:55 am

• Doug Smith: Labor Day? Let’s Tell The Truth And Call It “Assets Day”
  by Lambert Strether 1:55 am

September 6, 2015

• Links 9/6/15
  by Lambert Strether 6:55 am

• Financial Times Joins the Party on CalPERS (and Links to Naked Capitalism)
  by Lambert Strether 2:55 am

• WSJ’s “Carried Interest” Comic Strip Mocks CalPERS
  by Lambert Strether 2:55 am

• Deflation and Money
  by Lambert Strether 1:55 am

September 5, 2015

• Medicaid Privatization in Iowa and the Market State
  by Lambert Strether 12:25 pm

• Links 9/5/15
  by Lambert Strether 6:55 am

• The Revolving Door: Former US Secretary of Health and Human Services Joins Humacyte Board
  by Lambert Strether 1:55 am

September 4, 2015

• 2:00PM Water Cooler 9/4/15
  by Lambert Strether 2:00 pm

• Fortune’s Dan Primack Takes Up CalPERS’ Private Equity Scandal, Calls Head of Private Equity “Factually Wrong”
  by Yves Smith 12:34 pm

• ObamaCare to Crapify Health Insurance at 26% of Employers with “Cadillac Tax”
  by Lambert Strether 11:45 am

• Links 9/4/15
  by Lambert Strether 6:55 am

• Soft Power Raises Exports
  by Lambert Strether 12:55 am

• Why Tax Havens Will Be at the Heart of the Next Financial Crisis
  by Yves Smith 12:38 am

September 3, 2015

• 2:00PM Water Cooler 9/3/15
  by Lambert Strether 2:01 pm

• Congressional Black Caucus Still Trying to Hurt Their Constituents By Killing the Labor Department Fiduciary Rule
  by David Dayen 9:55 am

• Links 9/3/15
  by David Dayen 4:00 am

• Uber Strategy of “Monopolization Through Sidestepping Labor Law” May Be Coming to an End
  by David Dayen 3:15 am

• Why Did Oil Prices Just Jump By 27 Percent in 3 Days?
  by David Dayen 2:30 am

• Kaliningrad, Russia – The Dagger Points East and West
  by David Dayen 2:00 am

September 2, 2015

• 2:00PM Water Cooler 9/2/15
  by Lambert Strether 2:00 pm

• ObamaCare’s Narrow Networks, and Who To Blame When “There Is No Alternative”
  by Lambert Strether 11:30 am

• Links 9/2/2015
  by Lambert Strether 6:46 am

• Leveraged Bubbles
  by Lambert Strether 2:55 am

• Questus Global Capital Market, Scam Stock: an Update
  by Richard Smith 2:54 am

• Michael Pettis: If We Don’t Understand Both Sides of China’s Balance Sheet, We Understand Neither
  by Lambert Strether 12:55 am

September 1, 2015

• 2:00PM Water Cooler 9/1/15
  by Lambert Strether 1:55 pm

• Links 9/1/2015
  by David Dayen 4:30 am

• Proof of Ongoing Foreclosure Fraud and Mortgage Document Fabrication, in Five Emails
  by David Dayen 4:00 am

• Why is China finding it hard to fight the markets?
  by David Dayen 2:00 am

• CalPERS Chief Investment Officer Defends Tax Abuse as Investor Benefit
  by Yves Smith 1:35 am

• Ilargi: The Real Refugee Crisis Is In The Future
  by David Dayen 1:00 am