CalPERS’ plan to eliminate the measurement of private equity risk, a seismic change, is a case study in how staff manipulates the board to its own advantage.
Read more...An astute, high level reading of Russia and Turkey’s jousting.
Read more...The fact that life expectancy in the US is no longer rising, in a time of economic growth, is yet another sign of underlying societal decay.
Read more...A vignette of how pensioners are being shafted by being denied their COLA, or cost of living increase. In New Jersey, this looks to be a transfer to Wall Street.
Read more...A study by Pew gives a new look at the fall of the middle class and how the accompanying rise in income stratification is playing out.
Read more...CalPERS comes under fire on a new front: its fight with Governor Jerry Brown over how quickly to lower return targets to realistic levels.
Read more...Why lifting the oil export ban is “appeasement” of Big Oil and needs to be stopped.
Read more...In case living through the crisis and its aftermath wasn’t bad enough, you can hear Timothy Geithner’s version of events…at your expense.
Read more...How can recent technical change could both be a major source of dis-employment and not be associated with productivity improvement?
Read more...The IMF has now been drawn into the U.S. Cold War orbit.
Read more...In France, members of Arab and African communities languish in a spiral of poverty, relegated to second-class citizenship and physically separated through deliberate planning.
Read more...CalPERS ‘ belief that it cannot change the rules of the game in private equity is a symptom of learned helplessness, not power relationships.
Read more...If CalPERS breaks the law routinely and casually to silence private equity skeptics, what is it capable of doing when the stakes are higher?
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