Shareholder Capitalism’s Ugly Legacy
Debunking some of Milton Friedman’s destructive ideas, such shareholders, who only have residual claims in a company, ought to come first.
Read more...Category Archives: Legal
Derision, Disbelief After Iowa Meatpacking Plant Where Hundreds Caught Coronavirus Fined Just $957
Iowa regulators issuer their first deriory $957 fine against a meatpacking plant that was the site of one of Iowa’s first COVID-19 hotspots.
Read more...New Justice Confirmed By Election Day?
Republicans now have the votes to confirm a justice, Ruth Bader Ginsburg’s successor, before the 2020 election. What will Democrats do after?
Read more...Dems Pressured to ‘Pick a Fight for Once’ Over RBG Seat as Collins and Murkowski Oppose Pre-Election Vote
Each side squares off ito fill Ginburg’s seat. Do Democrats have the stomach to use all tools to block another right-wing judge?
Read more...RIP Ruth Bader Ginsburg: What’s Next?
Pancreatic cancer claims Ruth Bader Ginsburg; will Republicans succeed in confriming her replacement, even if Trump loses the 2020 election?
Read more...It’s Time for a Debt “Jubilee”
Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.
Read more...Brexit: Snake Eyes
Boris Johnson is pressing his Brexit luck, which wasn’t looking all that hot.
Read more...Trump’s Eviction Moratorium Opens the Door for Medicare for All by Executive Order
Since Covid-19 will be with us till at least the end oe 2021 (and I suspect longer), it opens the path for emergency Medicare for All.
Read more...CalPERS Cooks Its Books: Grossly Understated Investment Consultant Meketa’s Expenses in Annual Financials; Made a Criminal False Account by Burying the Cost
CalPERS violates accounting rules by hiding outside consulting costs in internal investment overheads. None of the possible reasons are good.
Read more...Brexit: Pear Shaped
A desperate Government Brexit ploy, perhaps conceived to increase its negotiating options, has quickly become an own goal.
Read more...Another Compliance Failure: CalPERS Discussed Recusal of Ex-CIO Ben Meng but Failed To Enforce It; CEO Marcie Frost Says “Not My Job”
CalPERS CEO Marcie Frost told the press that she’s punting on her compliance duties.
Read more...Influential California State University Council Calls for CalPERS CEO Marcie Frost to Go on Administrative Leave During Investigation by Inspector General
A CSU group has asked Gavin Newsom to put CalPERS CEO Marcie Frost on administrative leave while an inspector general probes governane failings.
Read more...Hoboken, New Jersey Sues Oil Industry for Climate Impacts From its ‘Deceptive Actions’
New Jersey has now filed lawsuits to pin liability on fossil fuel interests for climate change, with the city of Hoboken being the latest.
Read more...CalPERS Staff Yet Again Tries to Usurp Board’s Power by Steering Governance Reforms After CIO Ben Meng Departure
CalPERS staff is too obviously still trying to stymie Controller Betty Yee’s governance reforms.
Read more...How CalPERS Staff Keeps the Board in the Dark About Compliance Problems
CalPERS has long covered up its dirty linen, including by making uninformative presentations to the board.
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