Author Archives: Yves Smith
An Aetna “Fake Accounts” Level Scandal? Medical Director Admits He Never Reviewed Medical Records Before Denying Care
An Aetna medical director said he didn’t review any cases, a bombshell admission even for one doctor, and damning if a normal practice.
Read more...After Carillion, Can Capitalism Clean Up Its Act? Or Will Marx Have the Final Word?
Will Carillion and other pending outsourcer blow-ups finally put Thatcherism in its grave? And will the US have a similar wake-up call?
Read more...Cryptocurrencies Don’t Make Sense
How cryptocurrencies do a poor job of delivering on their supposed purposes.
Read more...Why CalPERS’ Private Equity Outsourcing Scheme Is Likely to Hurt Returns
Why CalPERS’ private equity outsourcing scheme is likely to leave the funds’ beneficiaries and California taxpayers worse off.
Read more...CalPERS Let New Fox in the Private Equity Henhouse: Silicon Valley Fixer Wilson Sonsini
Why Wilson Sonsini’s not-obvious role at CalPERS is another red flag for CalPERS’ private equity outsourcing scheme.
Read more...Gaius Publius: More on the Cape Town, South Africa, Water Crisis
Cape Town is becoming ground zero of water scarcity….a future that will arrive for many more in the coming decades.
Read more...Links 2/10/18
Wizards and Prophets Face Off to Save the Planet
How to feed 10 billion people? Wizards, as in technophiles, and prophets, conservationists, have very different answers.
Read more...Six Things Urban Feminists (Make That Anyone) Should Never Say to Rural People
How urban people routinely sneer at their country cousins.
Read more...The Chinese Banking System: Much More Than a Domestic Giant
Chinese banks have become major foreign lenders, making China the eighth biggest financial center in the world.
Read more...Links 2/9/18
US Stock Markets Enter Correction Territory as Dow Falls More Than 1000 Points
The stock market continues to be moody as investors fret that good economic data means more Fed rate hikes.
Read more...CalPERS Manages to Get Pretty Much Everything Wrong in Its Latest Asset Reallocation
CalPERS continues to be lousy at market timing.
Read more...UK Asks the Rest of the World to Be Super Duper Nice and Act as Its Old Deals Are Still Valid Post Brexit
Yet another Brexit train wreck.
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