Category Archives: Private equity

New York Cannabis Program Becomes Field Day for Private Equity Exploitation, Including Predatory Loans, Overpriced Leases to Store Owners

Staffers red-flagged inflated costs and default risks for startup cannabis retailers —to be ignored by officials keen to get money flowing

The War Racket in Germany

What happens when everyone starts to believe in the con?

Italy Pipes Up Against NATO Escalation as Court Ruling Could Cut Off Russian Gas Sooner Than Expected

Italy also faces major energy squeeze from Red Sea crisis. Will opposition to Project Ukraine solidify or will Rome go along as it usually does?

Private Equity Seeks to Foist Companies It Can’t Sell on Employees

Oh noes! Private equity is finding it hard to find buyers for all those deals it bought when interest rates were low!

Kentucky Retirement Systems Plaintiffs Seek Repayment from KKR Entities of Misappropriated $137 Million Plus Interest and Punitive Damages, Totaling $771 Million….Oh, and An Accounting Too

The Tier 3 Plaintiffs in the long-running public pension case, Kentucky Retirement Systems, are fast off their marks with a blockbuster filing.

Game Finally On! Judge Denies Key Motions to Dismiss in Kentucky Retirement Systems Litigation, Subjecting KKR, Blackstone, PAAMCO, and Top Financiers Henry Kravis, George Roberts, Steve Schwarzman, and Tomlinson Hill to Discovery

The much-delayed Kentucky Retirement System cases are finally moving forward, causing heartburn to some top names on Wall Street.

US Strategy for Great Power Competition: More Graft and Hope for Wonder Weapons

Venture capital and private equity are playing a larger role in the military-industrial complex leading to even more corruption, lack of accountability and the swallowing up of young minds by the Silicon Valley money pit.

Will the American Oligarchy Accept Limits or Choose World War Three?

Putin has said Ukraine conflict is existential threat to Russia, but there are signs the Western capitalist class is dealing with their own existential crises. Will their greed get us all killed?

Financial Times Tells CalPERS Not to Go Further Into the Private Equity Haunted House

The Financial Times debunks private equity flim-flammery even as CalPERS and others sign up for more.

Private Equity Buying Up Accounting Practices. What Could Go Wrong? The Health Industry Gives Some Ideas

Private equity is setting out to hoover up accounting practices. The sorry experience in health care says there is cause for pause.

“The Algorithm Told Me to Do It”: More Price Fixing in US Rental Market

Arizona and another class action join lawsuit parade against price-setting software companies and property managers, North Carolina AG investigating.

Bizarre Valedictory Interview by CalSTRS Investment Chief, Chris Ailman, Asks Private Equity to Be Nice and Share with Workers

A revealing, and not at all in a good way, discussion of private equity by departing CalSTRS Chief Investment Officer Chris Ailman.

A Look at Private Equity’s Medicare Advantage Grifting

More on why Medicare Advantage is a criminogenic environment. And private equity has gotten in on the action.

The Billionaire Next Door Driving Up Housing Costs for Everyone

The rich are busy turning the 20th-century dream of owning your own home into the grubby 21st-century reality of renting your own home forever.

We Deserve Medicare for All, But What We Get Is Medicare for Wall Street

An overview of health care, particularly Medicare, rentierism, with private equity playing a starring role.