Category Archives: Private equity

How Wall Street Takeover of Rental Market Is Fueling the Homelessness Crisis

New lawsuits allege mega landlords are colluding to keep rents high and units vacant while also embracing surveillance tech to evict tenants.

Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties

Another account of the extent of the private equity health care grifting, as well as some avenues to check these abuses.

Advertise on a Competitor’s Social Media Platform? Um, that Would Be a Hoot… GM “Paused” Ads on Musk’s Twitter

GM wants to have a look-see about how Twitter might use GM ad data to benefit Tesla. Will Chinese walls be enough?

Death Is Anything but a Dying Business as Private Equity Cashes In

Private equity is buying up funeral homes, enticed by a large industry with reliable income that is still mainly populated by small businesses.

Private Equity Sees the Billions in Eye Care as Firms Target High-Profit Procedures

Private equity continued to buy up and crapify more medical specialist practices. The latest target is eye care, particularly surgeries.

Congressional Sausagemaking, or How Inflation Reduction Became Fossil Fuel Export Promotion

How Manchin and Sinema got dirty energy goodies and financier breaks into the Inflation Reduction Act.

Please, Vote for Somebody in the CalPERS Board Election. Your Money Is at Stake.

If you are a CalPERS retiree, please be sure to vote in the board election now underway. You deserve to be properly represented.

Buy and Bust: Collapse of Private Equity-Backed Rural Hospitals Mired Employees in Medical Bills

Bad enough when private equity hurts customers and communities. Here they stole from employees by defaulting on health insurance

Wrong Way CalPERS Increased Private Equity Allocation by Over 50% as Investors Are Dumping Holdings

The Financial Times reports that private equity investors are running for the exits as CalPERS plans to pile on.

How Public Real Estate Investment Trusts Extract Wealth from Nursing Homes and Hospitals

REITs are considered “passive” investors but play a very active role in reshaping whole industries, like hospitals

Now It’s Official: Financial Times Profiles Venture Capital Crash

A venture capital washout is underway. Pass the popcorn.

Hospices Have Become Big Business for Private Equity Firms, Raising Concerns About End-of-Life Care

Expect hospice care to go the way of privately-owned nursing homes, now that private equity is geting its claws into the industry.

Hubert Horan and Izabella Kaminska: Can Uber Ever Deliver? Part Thirty: The “Uber Files” Are Not the Uber Exposé You Are Looking For

The Uber Files showUber’s bad conduct was deliberate, but miss that its poor economics meant Uber engaged in a confidence trick on society.

CalPERS Cooks the Books While Taking an Unnecessary Loss to Exit $6 Billion of Private Equity Positions

CalPERS has just made an openly value-destroying sale of private equity holdings. So who at CalPERS is benefitting from this gift to buyers?

As CalPERS Doubles Down on Private Equity, New Analysis Finds CalPERS’ Private Equity Returns “Based on a Mirage;” Another Study Reaffirms that Private Equity Drags Down Performance

Yet more reasons why CalPERS needs to kick its private equity bad habit.