Why Is CalPERS Out to Give Roundly Defeated Ex-Board Member Priya Mathur a Glamorous Boondoggle, and Poke a Stick in the Eye of Beneficiaries and Board Members in the Process?
CalPERS again insists on doing the wrong thing.
Read more...Author Archives: Yves Smith
Debate: The ‘Gilets Jaunes’ Movement Is Not a Facebook Revolution
Clearing up misperceptions about the gilet jaunes and the role of social media in organizing.
Read more...Links 12/15/18
What the US Could Learn from Thailand About Health Care Coverage
The fact that a low-income country like Thailand has universal health care coverage should put the US to shame….except our elites are incapable of that.
Read more...Writers Silenced by Surveillance: Self-Censorship in the Age of Big Data
“We asked Scottish writers how online surveillance has impacted on their work. The answers we got were shocking.”
Read more...Trump Models His War on Bank Regulators on Bill Clinton and W’s Disastrous Wars
Why “partner” is the last word you want to hear from the mouth of a bank regulator.
Read more...Brexit: Unicorns Rampant
The UK continues to flail about as the Brexit clock keeps ticking.
Read more...CalPERS Admits Its New Private Equity Funds Will Dilute Returns, Seeks to Change Benchmark to Hide That; Presents Other Questionable Claims as Top Investors Underperform Due to “Alternative Investments”
Awfully late in the game, CalPERS finally tries to ‘splain its private equity plans. The giant fund only digs its hole deeper.
Read more...“You’re Worth $1 Trillion. Why Do You Need Our $3 Billion?” Angry New Yorkers Confront Amazon Execs at City Council Meeting
Amazon has said its new headquarters in New York will create 25,000 jobs for residents—a claim one protester derided as “smoke and mirrors”
Read more...Our New York Magazine Article: “‘Alpha Wolves in the Henhouse’: California’s Multibillion-Dollar Private-Equity Boondoggle”
Putting CalPERS under the hot lights for its questionable private equity plans.
Read more...Why It’s So Hard for Most Countries to be Economically Independent from the West
Western countries insist both on “free trade” with poor countries and farm subsidies for themselves.
Read more...Links 12/13/18
Brexit: Endgame
As the Brexit clock is running down, so too are the available plays.
Read more...JJ Jelincic: CalPERS’ New Private Equity Model – What’s the Payoff?
CalPERS claims for its private equity “new business model” don’t add up. That suggests there are other motives.
Read more...Toxic Philanthropy? The Spirit of Giving While Taking
Why to be leery of philanthropy, particularly when practiced by squillionaires.
Read more...