New Studies: Do ‘Competitive’ Corporate Tax Cuts Boost Growth?
A new study devastates the widely-touted claim that corporate tax cuts promote growth.
Read more...Author Archives: Yves Smith
How CalPERS Lies to Itself and Others to Justify Investing in Private Equity
CalPERS really seems to have convinced itself that the likes of KKR and Blackstone are “partners” in more than just the legal sense. Oops.
Read more...Banks to Have Fed Dividends Clipped to Pay to Fill Potholes; JPMorgan, Bank of America the Biggest Losers
Banks suffer a symbolically important loss as Congress plans to whack their dividends from the Fed.
Read more...America to Working Class Whites: Drop Dead!
On the fallen status of lower-class whites, and the poor prospects for many of their betters.
Read more...“Failed: What the ‘Experts’ Got Wrong about the Global Economy”
An excerpt from CEPR co-director Mark Weisbrot’s important new book, Failed.
Read more...Links 12/1/15
CalPERS Used Sleight of Hand, Accounting Tricks, to Make False “There is No Alternative” Claim for Private Equity
CalPERS staff and outside experts went to considerable lengths distort data and abuse analytical methods to make the case that only private equity could offer the allegedly superior returns needed to meet CalPERS’ targets. The fact that CalPERS did not make an honest case for private equity suggests that no honest case could be made.
Read more...CalPERS Board, Scandal-Ridden Fiduciary Counsel, Plan to Break California Law in Effort to Silence Board Member for Asking Too Many Questions, Seeking Records
CalPERS’ tainted fiduciary counsel Robert Klausner gives more dubious advice, confirming that he is a danger to CalPERS and ultimately, to CalPERS beneficiaries and California taxpayers.
Read more...Tom Ferguson: Who is Supporting Trump?
Our favorite curmudgeon, political scientist Tom Ferguson, appeared on Real News Network to tease some signal out of the considerable noise on Donald Trump.
Read more...Vulture Capitalists Are the Real Winners of Argentina’s Elections
How Argentina’s former president Kirchner’s loss is vulture fund chief Paul Singer’s big win.
Read more...CalPERS’ Scandal-Ridden Fiduciary Counsel Ducks Jacksonville Subpoena; City Files Suit Alleging Illegal Creation of Gold-Plated Pension Fund
The not-so-savory reputation of CalPERS’ fiduciary counsel, Robert Klausner, took another hit as his criminal attorney ducked a Jacksonville subpoena.
Read more...Harvard Professor Josh Lerner Gave Weak and Internally Contradictory Plug for Private Equity at CalPERS Workshop
Harvard’s Professor Josh Lerner gave CalPERS what was presumably a pep talk for investing in private equity that was so contradictory as to amount to a case against it.
Read more...Links 11/28/15
The Power of Nightmares 2: The Rise of the Politics of Fear (BBC-2004)
Introducing the second part of the must-see series by Adam Curtis.
Read more...From G20 to Labour20
Labour20 set forth important goals not just for labor but for the economy and broader society. But does organized labor have the credibility to promote these aims?
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