A revealing image, and more investigation of KKR’s all-too-clever wordsmithing strongly indicate its claim that KKR Capstone is not an affiliate does not stand up to scrutiny. This is a serious charge because if the critics are right, KKR is embezzling.
Read more...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...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...Truth be told, I had really wanted to ignore Andrew Ross Sorkin’s artfully packaged Timothy Geithner puff piece in the Sunday New York Times magazine. But it makes for a useful study in a not-well-recognized propaganda technique, three card monte.
Read more...Net neutrality is on its way to being executed by the likes of Comcast and Verizon. That will mean the death of the Internet as we know it.
Read more...It is hard to grasp how successful the private equity industry has been in brainwashing investors to keep information secret.
Read more...Every day brings multiple new scandals. At least they used to be scandals. Now they’re simply news items strained of ethical content by business journalists who see no evil, hear no evil, and speak not about evil.
Read more...Since readers have taken interest in the details of our ongoing litigation with the giant California public pension fund, CalPERS, I thought I’d tie off a thread from earlier in the month. By way of background, last September, we filed a Public Records Act request (California’s version of FOIA) for private equity return data that […]
Read more...In this Real News Network report, Michael Hudson discusses the news blackout in the US as far as critical developments in the Ukraine are concerned, and how the distortions and gaps in reporting exceed those in the runup to the Iraq War.
Read more...Yves here. Although I like this piece, I believe Joe is not cynical enough about MSNBC, which has become a messaging apparatus of the Democratic party. The reason that MSNBC is now talking about inequality is Obama is pushing for a minimum wage increase, so wealth and income disparity are no longer verboten topics
Read more...When I went to my inbox at the start of my day, one of the noteworthy e-mails in my inbox had the subject line: “NYT Column about You.”
Read more...Yesterday I learned that a press release that the California Public Employees’ Retirement Systems issued last Friday about our suit against the giant public pension fund. It’s quite a remarkable document, and not in a good way.
Read more...I’m clearly too feral to have the proper responses, but I’ve long considered Cokie Roberts to be too lightweight to be worth paying attention to. But since lightweight goes over well in many parts of America, Cokie still has a large following. And it’s separately worth paying attention to a fight she picked over Obama’s stalled trade deal, the TransPacific Partnership. The fact that people with popular followings are still defending it says the Administration remains keen to revive it, so opponents need to guard against becoming too complacent.
Read more...A fellow blogger with substantial experience in Europe sent this BBC footage, which I believe readers will find instructive.
Read more...Back in the late 1980’s, Rupert Murdoch’s latest fiendish plan for world media domination (there’s a new one every decade or so) centred on pay TV. But as the 1990s rolled in, the media baron focused on a new world to conquer: crypto.
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