CalPERS: Stockholm Syndrome and Cowardice on Private Equity Fee Disclosure
I have wanted to leave CalPERS alone. Really. Truly. But they keep asking for attention in the worst possible way.
Read more...Author Archives: Yves Smith
U.S. Corporations Don’t Need Tax Breaks on Foreign Profits
Why a proposal to lower the tax rate on corporate funds that are “offshore” only from a tax perspective is just another corporate gimmie.
Read more...America’s Double Standard on Trade
Quelle surprise! The US fell all over itself to give Japan breaks on agricultural trade to cinch a TPP deal. But developing countries? Fuggedaboudit.
Read more...Wolf Richter: IPO Window Suddenly Closes, “Worst Year Since 2009,” Worst December Since 2008
The IPO market shutting down does not bode well for private equity returns, and may be sending a warning about real economy prospects.
Read more...How Prefunding Retiree Health Benefits Impacts the Postal Service’s Bottom Line – and How Brookings Got it Wrong
Exposing the serious numerical and conceptual flaws of yet another study that uses the trumped-up claim that the Postal Service is trouble to justify dismembering it.
Read more...Links 12/21/15
The Scientific Limits of Understanding Complex Social Phenomena
Economists, for the most part, resist the idea that economics can never be a scientific enterprise. Sadly, that posture has proven profitable for them.
Read more...The Logic of the Police State in America
How police forces are openly taking the position that they are not accountable to democratic processes and how that attitude is translating into policies and actions.
Read more...Links 12/20/15
/a>Links 12/19/15
Will China Be the Enforcer of the Paris Climate Agreement?
Yves here. While China has made impressive strides in technologies that reduce carbon emissions, I have trouble squaring that with their plans to build more coal-fired electricity generating plants. By Gaius Publius, a professional writer living on the West Coast of the United States and frequent contributor to DownWithTyranny, digby, Truthout, and Naked Capitalism. Follow […]
Read more...Michael Hudson: The IMF Changes its Rules to Isolate China and Russia
How the West is deploying the IMF to fight the nightmare scenario of US geopolitical strategists: foreign economic independence from the US.
Read more...We are Nine Years Old
A short retrospective and a long list of thanks as this site turns nine years old.
Read more...White America’s Toxic Ignorance: Abigail Fisher, Antonin Scalia and the Real Privilege That Goes Unspoken
The fact that Scalia argues against affirmative action comes close to serving as proof that it is sound policy, or at least less bad than the alternatives.
Read more...The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy
How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?
Call this an exercise in twisted logic, plain and simple.
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