The much-delayed Kentucky Retirement System cases are finally moving forward, causing heartburn to some top names on Wall Street.
Recent Items
Friday, July 4, 2025
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
Topics: Hedge funds, Investment management, Legal, Politics, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 6:30 am | 13 Comments »
US Wars Are Making Türkiye’s Relationship With the West Politically Untenable
US support of Israel is creating an increasingly volatile situation in NATO’s second most important country. Meanwhile, sanctions and threat of sanctions keep coming over “aiding” Russia and Iran.
Topics: Energy markets, Europe, Middle East, Politics, Russia, Turkey
Posted by Conor Gallagher at 5:30 am | 12 Comments »
What ‘The Wire’ Teaches About Institutions
“The Wire” as a worked example on the nature and pace of change. Do you agree?
Topics: Corporate governance, Guest Post, Politics, Social policy, Social values
Posted by Yves Smith at 2:09 am | 51 Comments »
2:00PM Water Cooler 5/14/2024
~ Today’s Water Cooler: Politics, pandemics, Michael Cohen’s “legal services,” surrealism, cave art ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 56 Comments »
How Geopolitics Is Changing Trade
Western measures against Russia and China measures have affected global trade. But what of actual winners and losers?
Topics: China, Economic fundamentals, Europe, Free markets and their discontents, Globalization, Guest Post, Politics, Russia
Posted by Yves Smith at 10:07 am | 23 Comments »
Links 5/14/2024
Topics: Links
Posted by Yves Smith at 6:59 am | 191 Comments »
Why Are Argentina’s Highest-Denomination Currency Bills Being Printed By a State-Owned Company in China?
Javier Milei on the campaign trail, eight months ago: “Not only am I not going to do business with China, I am not going to do business with any communist.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 16 Comments »
Climate Change Is Affecting Mental Health Literally Everywhere
How climate change exacts a psychological toll, and what if anything to do.
Topics: Environment, Global warming, Guest Post, Health care, Social values
Posted by Yves Smith at 3:15 am | 19 Comments »
The US, Israel, and the ‘Anti-Semitism’ Fraud
Since it clearly needs to be said early and often, the campaign to demonize opponents of Israel’s genocide as anti-Semites is a complete crock.
Topics: Banana republic, Guest Post, Media watch, Middle East, New McCarthyism, Politics, Social values
Posted by Yves Smith at 2:45 am | 67 Comments »
Apple’s “Crush” Ad, Rentierism, and the End of Capitalism?
Apple’s dystopian ode to rentierism.
Topics: Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, The destruction of the middle class, The dismal science
Posted by Lambert Strether at 3:55 pm | 107 Comments »
2:00PM Water Cooler 5/13/2024
~ Today’s Water Cooler: Semi-open thread ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 35 Comments »
Where Have All the Babies Gone? Falling Birthrates All Over the World Alarm Leaders, Businessmen, Economists
On the baby bust/falling birthrates freakout.
Topics: Economic fundamentals, Environment, Politics, Social values
Posted by Yves Smith at 10:03 am | 115 Comments »
Links 5/13/2024
Topics: Links
Posted by Conor Gallagher at 6:55 am | 132 Comments »
Elections and Devaluations
Quelle surprise! Regimes facing elections often goose their economies, leading to currency appreciation pre-vote and devaluations afterwards.
Topics: Currencies, Economic fundamentals, Federal Reserve, Free markets and their discontents, Globalization, Guest Post, Politics
Posted by Yves Smith at 5:15 am | 18 Comments »
In the Race for Space Metals, Companies Hope to Cash In
Mining asteroids could, in theory, reduce the burden on Earth’s resources. What could go wrong?
Topics: Energy markets, Environment, Guest Post, Regulations and regulators, Science and the scientific method, Technology and innovation
Posted by Conor Gallagher at 5:00 am | 16 Comments »