CalPERS: Poster Child of Private Equity Cargo Cultism
CalPERS’ zealous defense of private equity looks pathological. So we hazard a diagnosis.
Read more...Category Archives: Ridiculously obvious scams
Latest Election Stunt Proves Uber and Lyft Are Their Own Worst Political Enemies
Quelle surprise! Uber and Lyft are acting in bad faith in their struggles to get out of being classified as employers.
Read more...Milton Friedman Versus Stakeholder Capitalism
Looking at the damage Milton Friedman did by advocating corporate irresponsibility, which more and more orthodox economists have questioned.
Read more...Why Has Mayoral Candidate Scott Stringer Invested New York City Pensions in Private Equity Firms Like Blackstone?
The New York City pension system provides more proof that investing in private equity hurts performance.
Read more...What Did Billionaire Leon Black of Apollo Get for >$50 Million in Fees to Jeffrey Epstein?
The more we learn about Leon Black’s relationship with sex offender Jeffrey Epstein, the less there is to like.
Read more...Latest Nobel Prize in Chemistry Demonstrates How the US Patent Office Screws Inventors
A high profile example of the train wreck called the US patent process.
Read more...As of September 29, 2020, 5 Federal Courts Have Ruled Against the Postal Service
The Postal Service is getting whacked for service degradation that critics believe has a lot to do with upcoming voting by mail.
Read more...How Corruption is Becoming America’s Operating System
A new book by Sarah Chayes shows the US descent into a level of corruption usually associated with places like Nigeria and Afghanistan
Read more...WATCH: Katie Porter, Squad Members Eviscerate Big Pharma CEOs Over ‘Exorbitant’ Drug Prices
ngresscritters go after drug price gouging. But what will it take to make it stop?
Read more...How Bankers Hide Losses
Like master illusionists, bank accountants conceal losses from federal regulators, putting the whole economy at risk
Read more...Why Trump’s Promise to Save Manufacturing Was One He Never Intended to Keep
Trump’s promise to save manufacturing jobs and rebuild infrastructure was all bluster, no surprise from the man known for stiffing workers.
Read more...Wolf Richter: Nikola Hype Collapses, Shares Plunge Further, Founder/CEO Pushed Out. GM Swoons
This whole Nikola phenomenon was only possible in a market gone willfully blind and nuts.
Read more...How Charles Koch Is Buying Credibility With Academic Investments
Koch influence in the academic sphere is far ranging. Koch money funds individual courses, professorships, fellowships, and even energy research and policy programs. These are significant investments in the “intellectual raw materials” of free-market advocacy.
Read more...CalPERS Cooks Its Books: Grossly Understated Investment Consultant Meketa’s Expenses in Annual Financials; Made a Criminal False Account by Burying the Cost
CalPERS violates accounting rules by hiding outside consulting costs in internal investment overheads. None of the possible reasons are good.
Read more...CalPERS’ Bad Numbers: CEO Marcie Frost’s Multi-Hundred Thousand /Year Advisor Randle Communications Missing from Board Reports
A remarkable series of accidents led to the CalPERS board not being told how much CEO Marcie Frost’s advisor Randle Communications costs.
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