Author Archives: Yves Smith

Board Candidate Asks Whether CalPERS Is Cooking the Books to Fatten Bonuses

CalPERS board candidate Margaret Brown finds a lot not to like in the way CalPERS continues to play fast and loose with figures.

Some Public Pension Funds Taking on Outsized Private Equity and Hedge Fund Fees

Public pension funds might finally be getting over their unhealthy co-dependent relationships with private equity and hedge funds.

New Jersey’s Flooding Crisis Hits Low-Income People Hardest

New Jersey’s flooding problems as a microcosm of what is to come.

Join Us for a May 31 NYC Meetup with Lambert!

Hope you can make the upcoming NYC meetup! As a special treat, Lambert will be there, hopefully not too jet let lagged.

Links 5/13/17

The Financial Crisis That Spawned Austerity, Corporatized the Democratic Party and Gave the World Donald Trump

Why New York City’s fiscal crisis was a watershed event.

As Clinton Blames Comey & Russia, Authors of “Shattered” Expose Aimless Campaign

One of the authors of the Clinton campaign expose Shattered describes some of the ways in which the campaign undermined itself.

How Financialization and the “New Economy” Hurt Science and Engineering Grads

How the “new economy” devalued science and engineering degrees.

Gaius Publius: Trump – A Nation in Crisis, Again

Trump’s opponents are using the Comey scandal to up their efforts to force Trump out. Is this likely to succeed?

Illinois Bill Targets Carried Interest Loophole

The Illinois, New York and Connecticut legislatures are end-running the Feds by going after the carried interest loophole.

In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”

European officials continue to dither while Italy’s banks burn.

Links 5/11/17

International Arbitration Is the Way to Settle the UK’s Brexit Bill

Arbitration would be a good way to resolve the thorniest Brexit issue, of settling the tab. But politics seem to preclude a sensible outcome.