Author Archives: Yves Smith
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.
Read more...Airbnb Turns to Brussels for Help as Anti-Tourist Backlash Intensifies in Europe
Airbnb is on the run in Europe and desperate to find allies.
Read more...The U.S. Is Not at Full Employment—Don’t Believe the Trump Administration’s Hype to the Contrary
Why recent employment statistics are giving an unduly rosy picture of the state of the US labor market.
Read more...How Tax Evasion Increases Inequality
Total tax evasion among the top 0.01% in Scandinavia is roughly 10 times the level of the population at large.
Read more...Links 5/9/18
20% of Inmates in California Jails on Psychotropic Medications
Why are inmates in California jails being medicated at much higher rates than in the past?
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