Author Archives: Yves Smith

Afghan Crisis Must End America’s Empire of War, Corruption and Poverty

The US “lost” AFghanistan by enriching military contractors and grifters, um, mercenaries, and plans to continue to punish the Afghan people

EXPOSED: How CalPERS Tried and Continues to Try to Cover Up Former Chief Investment Officer Ben Meng’s Misconduct

A CalPERS case study in “The cover up is worse than the crime,” Ben Meng edition.

‘Net Zero Emissions’ and the Carbon Offsetting Scam

Big Polluters are advancing a “net zero” climate agenda to delay, deceive, and deny. The IPCC is inadvertently helping them.

Board Member David Miller Takes CalPERS-Paid Vacation by Abdicating Oversight, Obstructing Board Members Doing Their Job

Why David Miller deserves a special place in the CalPERS board member Hall of Shame.

Ida’s Landfall Imminent, Disaster Expert General Russel Honoré Says Time to Declare Climate Emergency

Gulf Coast communities face added pollution as Hurricane Ida nears amid the build-out of gas export and plastic-manufacturing plants.

Links 8/28/2021

Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis

On how imperialism enabled exploitation of labor in the global South, and then pressure on worker wages in advanced economies.

Could California End Up With a Trump-Like Governor?

How much should Californians worry that Larry Elder, a politically inexperienced, hard core right winger, might become governor?

Links 8/27/2021

Current Climate Extremes Double at 2 Degrees Warming and Quadruple at 3 – Lead IPCC Author

The latest IPCC report shows we are climate-cooking our goose more quickly than even most pessimists had thought.

EXPOSED: CalPERS’ Brainwashed Board in Denial that CIO Meng Caused His Own Downfall with Information He Himself Provided

CalPERS’ secret rmeeting after CIO Meng left in a huff shows how staff controls the board, here by falsely claiming internal sabotage.

The Most Monstrously Overstimulated Economy & Markets Ever

The Fed will trim back its stimulus, but it’s already pumped up markets and the unwind will be too little and too slow.

Here’s What Makes a New Amazon Carbon Study So Unnerving

Walking through yet more troubling information about the state of the Amazon.