Author Archives: Yves Smith
The “Market Forces” Behind the Obamas’ Record-Setting Book Deal
The Obamas’ book deal exemplifies the thesis that if a payment is too high for the nominal services, it must be for something else too.
Read more...Pharmaceutical Industry at Risk from Brexit
Yet another potential Brexit casualty….
Read more...Why International Financial Crises?
Despite the high cost of financial crises, the world seems no closer to making needed reforms.
Read more...Who Will Take America’s Place in Asia?
A look at America’s misguided Asia policies.
Read more...Michael Hudson: Are Students a Class?
Students as the new NINJA creditors, and the broader implications of the use of debt as an instrument of social control.
Read more...How CalPERS General Counsel Matt Jacobs Violated California Bar Rules
In other CalPERS posts today, we discuss the legal and IT implications of the fact that Christopher Philips, a member of CalPERS’ legal department, posted comments seeking to undermine our credibility and that of board member JJ Jelincic. We explain how Phillips violated California bar rules. As a result of examining California State Bar Act […]
Read more...CalPERS Legal Department Employee Trolls Naked Capitalism Site, Putting Focus on Violations of Bar Rules
A CalPERS employee appears to have broken state bar rules in a meant-to-be anonymous comment left at Naked Capitalism.
Read more...CalPERS’ Comment on Naked Capitalism Reveals Mid-Level Network Security Deficiency; What Else Might Be Wrong?
An IT professional’s take on a CalPERS security lapse:” It looks like their network security monkey is pretty lazy.”
Read more...NYC Meetup This PM With Lambert (and Michael Hudson)!
If you live in the NYC area, hope to see you at our meetup later today!
Read more...Be Sure to Join Our NYC Meetup With Lambert Tomorrow, May 31
A reminder: our NYC meetup is tomorrow. Hope to see you!
Read more...Links 5/27/17
Why Withdrawal or “Tiny” Living Isn’t a Solution to Sustainability
Tiny but isolated living may not be doing the planet as much of a favor as many like to believe.
Read more...The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Europe’s Faustian Bargain with Big Finance
An overview of the cost of Europe’s failure to rein in its financial institutions and the options for bank and Eurozone reform.
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