Greece and Creditors at Loggerheads Again; Troika Wants More Foreclosures
uropean creditors want to extract more blood from a stone, in this case Greece.
Read more...Author Archives: Yves Smith
CalPERS Changes Executive Bonus Procedure After We Alert Them of Violations, but Still Falls Well Short of CalSTRS on Transparency
We infromed theCalPERS’ board members that the manner in which they had awarded bonuses and salary increases to CalPERS executives fell short of the requirements of the Bagley-Keene Open Meeting Act of 2004. CalPERS took some steps to address the lapse.
Read more...How Kissinger Made Bombing the Iron Fist of US “Diplomacy”
How Kissinger institutionalized the use of bombing as a way to bend other countries to America’s will.
Read more...Links 11/7/15
Wait: Maybe Europeans are as Rich as Americans
Many Europeans argue that when you adjust nominally higher American incomes for how much we spend from our own pockets on healthcare plus the longer hours we work, we aren’t better off.
Read more...Supervising Culture and Behavior at Financial Institutions
Financial regulators increasingly acknowledge organizational culture as a source of systemic risk, yet they have been loath to do more than influence compensation structures, since they do not want to be perceived to be interfering with management. This post describes a new approach in the Netherlands that
Read more...The Future of Work and the Role of Climate Change
Consideration of climate change has been almost totally missing from discussions about the future of work. What happens when you include it?
Read more...Links 11/6/15
Blackstone Executive Commits Perjury via Declaration That Information in SEC Order is “Confidential” and “Trade Secret”
Blackstone sees fit to tell flagrant legal lies even when the stakes are pathetically small.
Read more...John Helmer: Chrystia Freeland Demoted In New Canadian Cabinet – She And The Ukraine Lobby Hit By Siklebaum Disease
Chrystia Freeland and the nexus of Ukraine-related politics in Canada.
Read more...Afghanistan “After” the American War
A grim look at conditions on the ground in Afghanistan.
Read more...Full Text of TPP, Including Annexes, and Boy is it Nasty
Yes, sports fans, the TPP is as bad as you feared it might be….
Read more...Liquidity Traps as Black Holes
Beware! Liquidity traps are even nastier than you thought.
Read more...Links 11/5/15
New York City, CalSTRS Engage in Pension Fee Transparency Theater to Try to Fool Critics
Efforts at greater fee transparency at the New York City public pension fund and CalSTRS are still largely exercises in improving optics.
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