CalPERS got a bloody nose in court. Maybe the board will wise up and behave better in the future.
Recent Items
Thursday, December 25, 2025
Judge Rules CalPERS Violated Bagley-Keene Open Meeting Act by Holding Improper Closed Session After Ben Meng Resignation
Topics: CalPERS, Investment management, Legal, Politics, Private equity, Real estate
Posted by Yves Smith at 6:51 am | 9 Comments »
As Debt, Inflation and Hunger Rises, Latin America’s Fate Lies Once Again in Wall Street’s Hands
We’ve seen this movie before and it rarely ends well.
Topics: Guest Post
Posted by Nick Corbishley at 6:50 am | 10 Comments »
The Privilege of Staying Home: COVID and the Highly Skilled Workforce
At home work during the pandemic allowed most skilled workers to choose immobility, which could affect future work and migration patterns
Topics: Economic fundamentals, Globalization, Guest Post, Income disparity, Pandemic, Social policy, The destruction of the middle class
Posted by Yves Smith at 5:12 am | 73 Comments »
2:00PM Water Cooler 12/20/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 83 Comments »
Mind-Boggling White House Presser Deploys Covid Blame Cannons, Vaporizes “Public Health” (and Walensky Slays)
Biden’s three stooges hold a presser.
Topics: Guest Post, Pandemic, Politics
Posted by Lambert Strether at 1:58 pm | 143 Comments »
Alone and Lonely: The Economic Cost of Solitude
This column distinguishes between two forms of solitude – loneliness and living alone – and studies their influence on the economic performance of European regions at the local level.
Topics: Europe, Guest Post, Social policy, Social values
Posted by Lambert Strether at 9:55 am | 16 Comments »
Links 12/20/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 99 Comments »
The Democrats Go Full Götterdämmerung as Manchin Makes DOA of BBB Official; Omicron Undermines Scapegoating the Unvaxxed
The Democrats may finally be getting their comeuppance.
Topics: Doomsday scenarios, Dubious statistics, Global warming, Health care, Income disparity, Macroeconomic policy, Media watch, Pandemic, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 6:54 am | 171 Comments »
Russia’s Non-Aggression Pact Is an Offer for Germany To Realize the US Won’t Negotiate Because the Blin-Needle Gang Will Fight to the Last German, Then Run Away
How the US plans to leave Europe holding the bag if Russia eyepoking ends up badly.
Topics: Banana republic, Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 3:49 am | 48 Comments »
Carbon Pipelines in the Hawkeye State
A new, enormous boondoggle?
Topics: Energy markets, Environment, Global warming, Guest Post, Infrastructure, Politics
Posted by Lambert Strether at 1:59 pm | 31 Comments »
Links 12/19/2021
Topics: Links
Posted by Lambert Strether at 6:55 am | 332 Comments »
The Infrastructure Bill’s Hydrogen Funding Is a Big Win for the Oil and Gas Industry
Even Sen. Joe Manchin admits a major flaw in the industry spin underpinning blue hydrogen’s supposed climate credentials.
Topics: Guest Post
Posted by Lambert Strether at 6:25 am | 34 Comments »
Links 12/18/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 227 Comments »
The Magnificent History of the Maligned and Misunderstood Fruitcake
Does the fruitcake get a bum rap?
Topics: Curiousities, Guest Post
Posted by Yves Smith at 6:50 am | 61 Comments »
How a Group of Starbucks Workers Emerged Victorious in Their Union Fight
How Starbucks, long hostile to unions, lost a fight with workers in Buffalo despite management pulling out all the stops.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Legal, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 6:27 am | 9 Comments »



