Author Archives: Yves Smith
Media Starting to Wake Up to Private Equity Grifting
It’s encouraging to see Dan Primack, a seasoned private equity reporter who has been careful about taking up negative stories about his industry, take the latest wave of private equity fee-skimming reports seriously.
Read more...Michael Klare: Energy Companies Persuade Emerging Economies To Embrace Environmental Destruction, Erm, Growth
How major energy companies are selling their former first world product, fossil fuels, to the third world, replaying Big Tobacco’s ploy.
Read more...Ukraine: The Real Energy Crisis Starts in June
The West needs to curb its enthusiasm over the recent elections in the Ukraine. Gazprom is tightening the energy screws next week.
Read more...Why Have Private Equity Limited Partners Done a Lousy Job of Protecting Their Interests?
How did supposedly sophisticated limited partners let themselves enter into contracts with private equity firms that are actually pretty one-sided?
Read more...Links 5/27/14
Michael Perelman: Vietnam – Invitation to a Morass
How the Vietnam War helped usher in neoliberalism, financialization of the economy, and the use of military spending as stealth stimulus.
Read more...Don Quijones: The Bank That Nobody Wants To Buy
The sorry tale of the supposedly restored Spanish zombie bank Catalunya Caixa.
Read more...The Private Equity Limited Partnership Agreement Release: The Industry’s Snowden Moment
We’ve published 12 private equity limited partnership agreements, including the KKR limited partnership agreement that was key to an important Wall Street Journal story. The source documents have been removed from the Pennsylvania Treasury’s website, so our document trove has now become the best source for these records.
Read more...A Warm Welcome to Our New Private Equity Readers
Naked Capitalism welcomes its new readers from the private equity industry.
Read more...European Voters Deliver the Revenge of the Nation-State
Were the results of the European elections a tremor or an earthquake?
Read more...Bruce Eckle on Reinventing Business
Even if you don’t agree with all of Eckle’s views on reinventing business, his effort to identify and strip away misguided conventional wisdom is a productive place to start.
Read more...Links 5/25/14
New York Times’ New Editor Buries Important Story on Private Equity Fee Shenanigans on Holiday Weekend
In an important, well-reaserched article, Gretchen Morgenson flags several types of private equity fee abuses. Did the incoming New York Times editor, Dean Baquet, bury her story by running it Memorial Day weekend?
Read more...Wolf Richter: World Trade Suddenly Slumps (Just Forget ‘Escape Velocity’)
The US economy, and by extension the world economy, is desperately waiting for the spring escape velocity to finally kick in. But the latest world trade statistics say it’s not happening.
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