Yearly Archives: 2020

CalPERS Staff Seeks to Strip Board of Remaining Authority Even as Press Exposes Multi-Billion Cost of Lack of Supervision; Elected Board Members Thumb Nose at Public by Seeking to Be Paid for Doing Almost Nothing

CalPERS staff is up to more dirty tricks. Push back by e-mail in public comments. Bad press already has them on the back foot.

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Taleb Questions CalPERS Ben Meng’s Competence and Honesty in Defending Missed $1 Billion Hedge Gain; Taleb Estimates CalPERS Net Loss on Meng’s “Alternative Mitigation” Over Two Years at $19 Billion

Nassim Nicholas Taleb calls out one of CalPERS CIO Ben Meng’s Big Lies, and unearths an even bigger one.

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2:00PM Water Cooler 4/16/2020

Today’s Water Cooler: Biden administration personnel, Biden VP, Biden and The Zuckerberg, Biden and AOC, “essential workers,” Hofstadter, bourgeois riots, employment situation, manufacturing, California groundwater, Carnival, the corporate super-spreader, hospital staff cuts, apples, LSD

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