More on the implosion of former CalPERS Chief Investment Officer Nicole Musicco.
Recent Items
Sunday, July 20, 2025
Bloomberg Details How Unqualified CalPERS Chief Investment Officer Nicole Musicco Floundered Before Sudden Exit; Sports Focus Raises Specter of Possible Conflicts of Interest
Topics: CalPERS, Investment management, Politics, Social policy
Posted by Yves Smith at 10:48 am | 20 Comments »
Links 9/19/2023
Topics: Links
Posted by Yves Smith at 6:55 am | 196 Comments »
Announcing Second SOS “Double Your Donations” Challenge!
Another generous donor has stepped up! Please meet their challenge, particularly if you haven’t yet participated in the fundraiser!
Topics: Notices
Posted by Yves Smith at 6:54 am | 12 Comments »
Ukrainian Ambassador to Mexico Loses Plot After Russian Military Takes Part in Mexico’s Independence Day Parade
Other countries that took part include China, Venezuela, Nicaragua, Cuba and Brazil. Conspicuously absent was any country from NATO, including Mexico’s USMCA trade partners, the US and Canada.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 16 Comments »
Save Billions or Stick With Humira? Drug Brokers Engage in Blatant Price Gouging as FTC Investigates and Some Health Plans Rebel
Demand that state legislators investigate pharmacy benefit manager price-gouging for biologics like Humira when cheaper biosimilars exist
Topics: Free markets and their discontents, Guest Post, Health care, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 6:06 am | 2 Comments »
Iran’s Latest Move Brings A New Nuclear Deal With The U.S. Closer
The US is trying to craft JCPOA 2.0 with Iran.
Topics: Doomsday scenarios, Guest Post, Middle East, Politics
Posted by Yves Smith at 5:33 am | 17 Comments »
2:00PM Water Cooler 9/18/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 116 Comments »
The Intercept’s Latest Leak Might Deal Irreparable Damage to Pakistani-Chinese Relations
The latest Intercept leaks confirm the notion that neither China nor Russia can trust Pakistan. That has awkward implications for China.
Topics: China, Economic fundamentals, Globalization, Guest Post, Politics, Russia
Posted by Yves Smith at 9:55 am | 34 Comments »
Links 9/18/2023
Topics: Links
Posted by Conor Gallagher at 6:55 am | 170 Comments »
IM Doc: What Does Naked Capitalism Mean to Me?
IM Doc gives a rousing fundraiser appeal….and also describes systemic problems with Covid vaccine data.
Topics: Guest Post, Notices
Posted by Yves Smith at 6:52 am | 36 Comments »
CalPERS Chief Investment Officer Nicole Musicco Resigns Abruptly, Intensifying CalPERS’ Senior Staffing Instability
CalPERS lurches into a new crisis. The official story of the sudden resignation of CIO Nicole Musicco does not add up. What gives?
Topics: CalPERS, Corporate governance, Investment management, Investment outlook, Politics, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 6:50 am | 13 Comments »
Bravo! Met Our Sixth Goal, On to Our Seventh: More Original Reporting
Thanks to your responses to our emergency appeals, we can launch our final target, more original reporting. Please chip in!
Topics: Notices
Posted by Yves Smith at 6:49 am | 2 Comments »
California Democrats Double Down on Efforts to Involuntarily Commit the Homeless
Sacramento wraps up its legislative session with efforts to disappear the homeless.
Topics: Free markets and their discontents, Income disparity, Legal, Politics, Social policy, Social values, Student loans, Technology and innovation, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 18 Comments »
Social Security Overpays Billions to People, Many on Disability. Then It Demands the Money Back
The Social Security Administration is trying to reclaim billions of dollars from many of the nation’s poorest and most vulnerable.
Topics: Guest Post, Social policy, Social values
Posted by Conor Gallagher at 5:00 am | 19 Comments »
SOS “Double Your Donations” Challenge
Two benefactors teamed up for a special “SOS” donations challenge to give this fundraiser a shot of adrenaline. Please take them up on their offer!
Topics: Notices
Posted by Yves Smith at 9:25 pm | 5 Comments »