A remarkable series of accidents led to the CalPERS board not being told how much CEO Marcie Frost’s advisor Randle Communications costs.
Recent Items
Sunday, September 14, 2025
CalPERS’ Bad Numbers: CEO Marcie Frost’s Multi-Hundred Thousand /Year Advisor Randle Communications Missing from Board Reports
Topics: Banana republic, CalPERS, Corporate governance, Dubious statistics, Investment management, Politics, Ridiculously obvious scams
Posted by Yves Smith at 9:00 pm | 12 Comments »
Sediment, Big Spring Run, and River Restoration to Pre-Colonial Times
A geological paradigm shift?
Topics: Environment, Guest Post
Posted by Lambert Strether at 3:55 pm | 19 Comments »
2:00PM Water Cooler 9/10/2020
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 185 Comments »
Links 9/10/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 268 Comments »
‘Dereliction of Duty’: Outrage as USPS Board Issues Gushing Praise for DeJoy Amid Mail Slowdowns, Medicine Delays, and Straw-Donor Scandal
The latest sordid episode in the teardown of the US mail service.
Topics: Banana republic, Free markets and their discontents, Guest Post, Politics, Privatization, Ridiculously obvious scams
Posted by Yves Smith at 6:13 am | 26 Comments »
What Rent Drop? Listed Prices Aren’t Budging Where COVID-19 Hit Hardest
New York City disproves popular beliefs about flight from cities and rent declines.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Guest Post, Income disparity, Media watch, Pandemic, Real estate
Posted by Yves Smith at 5:11 am | 29 Comments »
How US Consumers Use Their Stimulus Payments
Contrary to right wing beliefs, giving citizens stimulus payments didn’t lead them to loaf.
Topics: Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Pandemic, Social policy
Posted by Yves Smith at 4:42 am | 18 Comments »
2:00PM Water Cooler 9/9/2020
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 191 Comments »
Regressive Taxation Must Be Reversed
Discussing taxation proposals by inequality mavens Emanuel Saez and Gabriel Zucman.
Topics: Free markets and their discontents, Guest Post, Income disparity, Taxes, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 21 Comments »
Links 9/9/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 278 Comments »
Democracy Scares, from the Destruction of Bryan to the Abdication of Bernie: Why America Desperately Needs a Second Populist Movement but Ain’t Gonna Get One an interview + Review of The People, No! A Brief History of Anti-Populism by Thomas Frank
Thomas Frank explains why populist campaigners face such a hostile environment now.
Topics: Banking industry, Free markets and their discontents, Guest Post, Income disparity, Politics, Social values, The destruction of the middle class
Posted by Yves Smith at 6:23 am | 87 Comments »
Brexit: Pear Shaped
A desperate Government Brexit ploy, perhaps conceived to increase its negotiating options, has quickly become an own goal.
Topics: Banana republic, Brexit, Doomsday scenarios, Europe, Legal, Politics, UK
Posted by Yves Smith at 6:05 am | 70 Comments »
How Warming Will Widen the Italy North-South Economic Gap
In Italy and elsewhere around the globe, climate change will worsen existing inequalities, researchers say.
Topics: Doomsday scenarios, Economic fundamentals, Europe, Global warming, Guest Post, Income disparity, The destruction of the middle class
Posted by Yves Smith at 4:51 am | 14 Comments »
2:00PM Water Cooler 9/8/2020
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 163 Comments »
Treating Offenders: They Tried To Make Me Go to Rehab and I Said “Yes, Yes, Yes”
A new study on custody treatments of juvenile offenders finds rehabiltation reduces recidivism compared to coercive regimes.
Topics: Guest Post, Income disparity, Social policy
Posted by Yves Smith at 9:55 am | 19 Comments »