Corbyn Backs Hard Brexit
Jeremy Corbyn links arms with Theresa May on Brexit.
Read more...Author Archives: Yves Smith
CalPERS Chief Investment Officer Ted Eliopoulos to Leave at Year End; Investment Office Adrift Due to Senior Level Vacancies
Why the departure of Ted Eliopoulos from CalPERS could wind up being the end of an era.
Read more...Update: CalPERS Chief Financial Officer Charles Asubonten Now Not Presenting at Board Meeting Today
A bit of evidence suggests that Charles Asubonten may be on his way out of CalPERS.
Read more...Trump Willing to Give a China a Break on Sanctions Against ZTE Electronics. What Gives?
Trump again does what he seems to do best, the unexpected, with a Sunday tweet offering a break to sanctioned Chinese electronics maker ZTE. How does this fit into the US-China trade spat?
Read more...Michael Klare: Gearing Up for the Third Gulf War
Thinking about the now-too-thinkable: what a new Gulf War would look like.
Read more...Links 5/12/18
Political Precariat
A look at the broader economic and political implications of the rise of the precariat.
Read more...Trump Vows (Again) To Lower Drug Prices But Skeptics Doubt Much Will Change
Why Trump’s drug price plan is unlikely to accomplish much.
Read more...The Forgotten Vision of Market Socialism
How two economists sought to reconcile Marx’s idea of common ownership with market mechanisms.
Read more...Links 5/11/18
CalPERS CEO Marcie Frost’s Featherbedding: Seeks Further Pay Increase Despite Underfunding, Municipalities Suffering to Meet Rising Pension Bills
Why authorizing a further pay increase for CalPERS CEO Marcie Frost is indefensible, but CalPERS cronyistic board will almost certainly set that plan in motion next week.
Read more...Ilargi: Iran – Let’s (Not) Make a Deal
And about that Iran deal….an elephant in the room the media and punditry are conveniently ignoring.
Read more...Criminality, CalPERS Style: Board Members Misappropriate Public Funds by Signing Blank, Undated Expense Forms
The CalPERS Board President, Priay Mathur, the Board Services Unit, and board members are pre-signing expense forms in violation of the California Penal code.
Read more...Election-Rigging, CalPERS-Style: How Voting by Phone Was Designed to Favor Incumbent, Suppress Support for Challenger
CalPERS not only looks to have tried to throw the phone voting in a runoff election last year in favor of the incumbent, but it is acting awfully guilty by refusing to cough up records and data.
Read more...CalPERS Has Chief Financial Officer Charles Asubonten, With Verifiable Misrepresentations on His Resume, Presenting to the Board Next Week. What Gives?
CalPERS CEO Marcie Frost appears to be doubling down on her initial bad judgment about Chief Financial Officer Charles Asubonten’s resume misrepresentations by featuring him prominently at a board committee meeting next week.
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