History Gives Reason to Hope That We Can Beat Inequality
Not surprisingly, fighting inequality has always been an uphill battle, but history gives some insight on tactics.
Read more...Author Archives: Yves Smith
Another Compliance Failure: CalPERS Discussed Recusal of Ex-CIO Ben Meng but Failed To Enforce It; CEO Marcie Frost Says “Not My Job”
CalPERS CEO Marcie Frost told the press that she’s punting on her compliance duties.
Read more...Influential California State University Council Calls for CalPERS CEO Marcie Frost to Go on Administrative Leave During Investigation by Inspector General
A CSU group has asked Gavin Newsom to put CalPERS CEO Marcie Frost on administrative leave while an inspector general probes governane failings.
Read more...CalPERS Staff Yet Again Tries to Usurp Board’s Power by Steering Governance Reforms After CIO Ben Meng Departure
CalPERS staff is too obviously still trying to stymie Controller Betty Yee’s governance reforms.
Read more...Links 9/5/2020
Michael Hudson: Debt, Land and Money, From Polanyi to the New Economic Archaeology
Tracing key influences on Karl Polanyi as welll as some of his important initiatives after The Great Transformation.
Read more...Robert Pollin: Biden Not Phasing Out Fossil Fuel, Relies on Carbon Capture
Robert Pollin critiques the Biden climate plan for over-relying on unproven carbon capture, investing too little in solar and wind, and treating China as a rival.
Read more...State Controller Betty Yee Calls for Public Discussion of CalPERS Governance Reforms Following Sudden Departure of CIO Ben Meng
Controller Betty Yee forcefully slapped down CalPERS’ CEO Frost’s claim that Yee was satisfied with the burial of Yee’s governance issues.
Read more...COVID: Where Science Goes To Die
A forceful critique of Covid-19 research.
Read more...Charter Schools Find Gold in Federal Government Aid to Small Businesses While Black-Owned Firms Get the Shaft
Due to the economic fallout of Covid-19, charter schools added to systemic inequities that afflict black communities.
Read more...Steve Keen: Eulogy to David Graeber
A personal remembrance of the scholar and activist David Graeber.
Read more...Labor Day Weekend Posting and Comments Schedule
We’ll be on a somewhat lighter schedule this Labor Day weekend, back to our normal drill on Tuesday. Hope you get at least a mini-break too!
Read more...US Tax Dollars Funded Every New Drug in the Last Decade
Amid debates over costs—and profits—from a coronavirus vaccine, a new study shows that taxpayers footed the bill for every new drug approved from 2010 to 2019
Read more...Preserve the People’s Post Office: Let Us Do Meaningful Postal Reform
A rallying cry for the Post Office.
Read more...22 Year Study Finds Hedge Fund Managers Collect 64% of Investors’ Gross Returns
Hedge fund managers claw an awful lot in fees out of their investors but the reasons look to be different than for private equity.
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