The Spider’s Web: Britain’s Second Empire
How Britain’s system of offshore finance and tax havens developed and preserved the UK’s role as the largest player in international finance.
Read more...Category Archives: Banana republic
On Brexit, UK Negotiators Have Adopted a Hard Bargaining Strategy
A look at the UK’s negotiating stance, charitably assuming that it is by design.
Read more...Here’s Why Setting a Maximum Wage for CEOs Would be Good for Everyone
CEO pay needs to be curbed, and a maximum wage is one way to do it.
Read more...Senators Unveil Legislation To Protect Patients Against Surprise Medical Bills
Medical bills are so out of hand that despite the power of the health industry lobbyists, some Senators are taking on the worst abuses.
Read more...Marcie Frost‘s Poor Job as CalPERS CEO – “The Place is Being Run Like a High School, Not a Business,” IT and Operational Failings
More on Frost’s misrule at CalPERS.
Read more...Chevron Arbitration Ruling Against Ecuador ‘Completely Off Base’
A secret corporate arbitration panel in the Hague ruled that Ecuadorean courts’ $9.5 billion judgement against Chevron for environmental damages is illegal and should not be enforced. An expert argues that the decision is a travesty.
Read more...Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment
Why you should take conventional wisdom about the Lehman collapse and the crisis with a fistful of salt.
Read more...J.D. Alt: Paying for Hurricanes
A reminder that the budgetary “paying for things” framing is a way to deny resources to citizens.
Read more...CalPERS’ PR Strategy on CEO Marcie Frost’s Resume Lies Backfiring
How CalPERS CEO Marcie Frost’s media mavens are only digging a deeper hole in the scandal over her misrepresentations before and after her hiring.
Read more...Brexit: Circling the Drain?
Has anything changed on the Brexit front?
Read more...Gaius Publius: Democrats Should Release All “Committee Confidential” Kavanaugh Documents Now
Urging the Democrats to act out of character and do the right thing on the Kavanaugh nomination.
Read more...Former CalPERS Board Designee Calls for Board to Terminate CEO Marcie Frost for Resume Fabrications and Ongoing Lies
A prominent former CalPERS insider demands that the Board fire CEO Marcie Frost over her lies about her education.
Read more...Revolving Doors and Regulatory Capture
Looking at the costs of and some possible responses to regulatory capture.
Read more...Marcie Frost’s Poor Job as CalPERS CEO – Gutting the Audit Function
CalPERS is undermining the performance of its audit unit, a critical control function. The fact that CEO Marcie Frost either doesn’t care, or is not even on top of things enough to know, is yet another sign of her incompetence.
Read more...Marcie Frost‘s Poor Job as CalPERS CEO – Incompetence in Human Resources, One of Her Supposed Areas of Expertise
Marcie Frost’s track record as CEO of CalPeRS is not a pretty one.
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