Category Archives: Private equity

The Increasing Financialization of Germany

The FIRE sector capitalizes on Germany’s industrial decline as government diverts money from social programs to military.

CalPERS Chief Investment Officer Nicole Musicco Resigns Abruptly, Intensifying CalPERS’ Senior Staffing Instability

CalPERS lurches into a new crisis. The official story of the sudden resignation of CIO Nicole Musicco does not add up. What gives?

Private Equity on Campus: Why College Students Are Sleeping in Cars

College students are still unable to find housing despite enrollment dropping since the start of the pandemic, and a major price-fixing lawsuit against corporate landlords sheds light on why.

“Venture Capital Funds Are Mostly Just Wasting Their Time and Your Money”

Yet more evidence that venture capital is good for the fund managers, not so much for anyone else.

Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich

In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-Three: Uber Isn’t Really Profitable Yet But is Getting Closer; The Antitrust Case Against Uber

Hubert Horan takes another hard look at Uber financials and finds much not to like.

Former Apollo Chief Leon Black Has More Jeffrey Epstein ‘Splaining To Do with Tax Evasion, Alleged Rape of Autistic 16 Year Old

Shed a crocodile tear. Former private equity kingpin Leon Black is back in hot water thanks to his dealings with child rapist Jeffrey Epstein

The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash

Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.

America Has Just Destroyed a Great Empire

America is making a mess in trying to preserve its hegemony.

ER Doctor: “Private Equity in Medicine is Dangerous to Patients”

Dr. Ming Lin, fired by a private equity company for objecting to poor Covid practices, argues that doctors need to be in charge of patient care

CalPERS Chief Investment Officer Musicco and Son in NBA Playoffs Courtside Seats Next to Billionaire Warriors Owner and Kleiner Perking Partner Joe Lacob. What Gives?

Another case of a CalPERS executive, here Chief Investment Officer Nicole Musicco, making clear they think they are above California law

AI May Be on Its Way to Your Doctor’s Office, But It’s Not Ready to See Patients

The technology misses life-threatening conditions, lacks privacy protections, and tends to “hallucinate,” but adopting the it could make the healthcare industry billions.

Workers Who Have Occupied an Italian Factory for Two Years Are Getting Close to Owning It Themselves

Workers are attempting to start Italy’s first community and non-profit factory that could become an inspiration for workers elsewhere. Could it happen in the US?

Plunder: Private Equity’s Plan to Pillage America

Brendan Ballou talks to Rob about his forthcoming book, Plunder, about the growing harmful role of private equity in the US.