Author Archives: Yves Smith

Financialization of the U.S. Pharmaceutical Industry

A takedown of the pharmaceutical industry’s assertion that it need to price gouge so it can invest in R&D. Profits go almost entirely to various forms of looting.

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CalPERS Should Thank Us for Publicizing, and Therefore Undermining Their Repeated Efforts to Hand Private Equity Portfolio to BlackRock: BlackRock’s Mark Wiseman Fired for Affair With Subordinate, Leading to Suspension of New Investments from “Warren Buffett” Style Megafund

How we helped CalPERS, despite the fund’s concerted efforts, dodge a BlackRock bullet.

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