Category Archives: Private equity

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.

Crash Landing? Part 2 – The Usual Suspects

What parts of the financial system are most vulnerable to a crash?

Michael Hudson Talks to Ben Norton About SVB and Bank Failures

Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies

Satyajit Das: SVB Collapse and Bank Turmoil – Latest Chapter in the Unwinding

Peeling back more layers of the SVB implosion and its broader implications.

US Officials Make Non-Bailout Bailout of Silicon Valley and Signature Bank and Continue Class Warfare

An over-zealous Fed pushed a few banks, including the big and super connected Silicon Valley Bank, over the edge. A bailout was a given.

Silicon Valley Bank Fails, With Deposits of Many Venture-Backed Companies Frozen. How Bad Will the Fallout Be?

How severe might the contagion from the Silicon Valley Bank failure be? And who will suffer most: tech land or other banks?

Breached Dam, Incineration of Soil Flood East Palestine With Fresh Fears of Toxins

“I’ve had fear and now this just put the anxiety over the top,” said one local resident.

How Private Equity Bribes Public Pension Fund Officials: Subsidized/Fund-Paid Lavish Travel and Entertainment

Yet more private equity corruption! And see how little it costs to buy the assent of public pension fund employees.

Public Pension Funding Average Now Below 50%, Yet Beneficiaries and Press Stay Mum

That light at the end of the public pension fund tunnel is the headlight of the underfunding train bearing down on them.

How Precision Scheduled Railroading at Norfolk Southern Caused a Toxic Vinyl Chloride Mushroom Cloud Over East Palestine, Ohio

I certainly hope Norfolk Southern’s owners are happy!