CalPERS has just made an openly value-destroying sale of private equity holdings. So who at CalPERS is benefitting from this gift to buyers?
Recent Items
Saturday, February 7, 2026
CalPERS Cooks the Books While Taking an Unnecessary Loss to Exit $6 Billion of Private Equity Positions
Topics: CalPERS, Investment management, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 6:20 am | 10 Comments »
2:00PM Water Cooler 7/7/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 127 Comments »
Widely Used Hospital Gowns Show Signs of Exposing Workers to Infection
Visibly filmsy “isolation” gowns, OK’d by the CDC for Covid and other infectious disease care, have been found by a new study to be unsafe.
Topics: Banana republic, Dubious statistics, Guest Post, Health care, Regulations and regulators, Risk and risk management
Posted by Yves Smith at 9:55 am | 12 Comments »
Links 7/7/2022
Topics: Links
Posted by Lambert Strether at 6:55 am | 213 Comments »
The G7 Is Still Pushing Its Nutty Russia Oil Price Cap Idea
A new effort to punch Russia in the nose look as likely to backfire as earlier attempts, charitably assuming the scheme gets off the ground.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Free markets and their discontents, Politics, Russia
Posted by Yves Smith at 6:54 am | 19 Comments »
FBI Now Joins in China Warmongering in Bizarre Speech in London with MI5 About Taiwan, Intellectual Property Theft
The US is really really out to heat things up with China…
Topics: China, Doomsday scenarios, Free markets and their discontents, Globalization, Legal, Politics, Surveillance state, Technology and innovation
Posted by Yves Smith at 6:44 am | 89 Comments »
Fossil Fuel Interests Are Behind Canada’s Blue Hydrogen Push
Fossil fuel producing Canada is promoting the blue hydrogen con.
Topics: Dubious statistics, Economic fundamentals, Energy markets, Environment, Global warming, Globalization, Politics
Posted by Yves Smith at 1:33 am | 15 Comments »
2:00PM Water Cooler 7/6/2022
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 153 Comments »
NYC Doctors, Doulas, Activists Prep for a Massive Influx of Abortion Seekers
At a grassroots level, New York advocates have long been helping women where abortion is effectively unavailable. Now, they’re doing even more
Topics: Guest Post, Health care, Politics, Social policy
Posted by Yves Smith at 9:55 am | 6 Comments »
Links 7/6/2022
Topics: Links
Posted by Lambert Strether at 6:55 am | 195 Comments »
The Coming Sanctions-Induced Economic Tsunami?
It does not take much in the way of prognostication skills to anticipate that things can get way way worse on the economic front.
Topics: Banking industry, Currencies, Doomsday scenarios, Dubious statistics, Economic fundamentals, Energy markets, Europe, Japan, Politics, Russia
Posted by Yves Smith at 5:54 am | 134 Comments »
Welfare Can Discourage Crime More Than It Discourages Work
Who’d have thunk it? Income support, such as welfare, reduces crime.
Topics: Economic fundamentals, Guest Post, Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 5:06 am | 28 Comments »
Boris Johnson Death Watch
Boris Johnson agonistes.
Topics: Banana republic, Doomsday scenarios, Politics, Ridiculously obvious scams, UK
Posted by Yves Smith at 4:26 am | 79 Comments »
2:00PM Water Cooler 7/5/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 146 Comments »
Supremes Kayo Climate Change Regulation: West Virginia v. EPA
The Supreme Court last week scuppered the ability of the EPA to implement climate change regulation under the Clean Air Act- absent further action by Congress.
Topics: Banana republic, Doomsday scenarios, Environment, Global warming, Guest Post, Legal, Politics, Regulations and regulators, Ridiculously obvious scams, Russia
Posted by Jerri-Lynn Scofield at 11:55 am | 31 Comments »


