Category Archives: Hedge funds

Financialization at Heart of Economic Malaise

Sadly, finacialization is still very much with us, even though policy-makers know better by now.

Shareholder Activism: Icahn Targets McDonald’s Pig Pens

Carl Icahn seeks to force McDonald’s 2012 pledge to cease to use gestation crate to confine pregnant pigs within a decade.

SEC Investigating Possible Block Trading Abuses at Morgan Stanley, Goldman, Other Big Players

Mirabile dictu! More seriousness from the SEC!

New Study Explains How Coronavirus Stays Airborne Longer Than Previously Thought

New information on the airborne spread of Covid.

Endowments’ Money Management Destroying Value Demonstrates Economic Drain of Asset Management Business

How endowments, the supposedly best and brightest fiduciaries, are destroying value.

An Increase in Interest Rates Would Be An Act of Class Warfare

While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.

Public Health Experts ‘Flabbergasted’ That Biden Still Hasn’t Picked an FDA Chief

At the heart of the tension is finding a nominee who balances the agency’s dual responsibilities of protecting public health while also working with the drug, medical device and other industries to approve products and treatments for market.

‘Catastrophic Injustice’: Judge OKs Purdue Pharma Bankruptcy Plan Shielding Sacklers

Tens of thousands dead and the Sacklers get to ride away with their Purdue Pharma loot.

Biden Administration to Withhold Medicare and Medicaid $ from Nursing Homes Not Having Fully Vaxxed Staff

The Biden Administration thinks it can coerce badly paid workers in nursing homes who’ve held out to take the jab. That’s not a great wager.

Robinhood’s Revealing Ad Pitch: We’re All Investors, Alone

The latest Robinhood campaign is more raspberry than rah rah.

Kentucky Retirement System Litigation Against KKR, Blackstone, PAAMCO et. al. Takes New Class Action/Civil RICO Twist

Those pesky lawyers behind Mayberry v. KKR won’t give up! And some private equity titans are likely plenty unhappy about that.

The Pandemic Is Us (But Now Mostly Them)

The pandemic is largely to be over in the Global North, at least among the vaccinated…or so it seems.

Decisions Finally Coming in Long-Running Battle with Hedge Fund Titans in Kentucky Pension Case, Mayberry v. KKR

Mayberry v. KKR, centering on the alleged abuse of the clueless Kentucky Retirement Systems by Wall Street titans, may finally restart.

Fed Shamelessly Gives Warnings of Vague and Ominous Risks While Saying Don’t Expect Us to Do Anything About It

The Fed tells the world: Don’t expect us to be ready for the next financial crisis. It’s just too hard.

Plaintiffs in Kentucky Retirement System Pension Case Expose Flagrant Corruption in Hiring of Tainted Attorney Regina Calcaterra, Best Known for Sabotaging New York Anti-Corruption Commission

Kentucky Retirement Systems stooped low in cooking its hiring process to pick coverup artist Regina Calceterra to run an “investigation”.