Local markets, not supermarkets, are a key part of reviving city centres as the UK emerges from its coronavirus lockdown.
Wednesday, July 2, 2025
CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
CalPERS latches on to new, really bad investment ideas.
Nassim Nicholas Taleb: The Masks Masquerade
Nassim Nicholas Taleb explains why people should be wearing masks. And yes, he provides a model.
Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
More evidence that private equity underperforms on a risk-adjusted basis.
Dicamba Drift: Trump EPA Defies 9th Circuit Ruling
EPA issues cancellation order to attempt to overrrule Ninth Circuit dicamba opinion; plaintiffs’ lawyers file emergency motion.
Unsung Heroines: Who Cares for the Carers?
Even before COVID-19, the world was facing a care crisis, a problem that is only worsening.
The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
Initial Jobless Claims Decline Further, But Continuing Claims Fail To Make Meaningful Progress
Wellie, the latest jobless claims data wan’t horrific, merely very bad
2:00PM Water Cooler 6/12/2020
NY and CA cross on COVID chart ~ Biden slips cogs ~ Stacey Abrams waits by the phone ~ Trump rallly registration includes COVID disclaimer ~ GDP collapse animated, imports, rail ~ Protests everywhere on cross-country drive ~ Defunding the police ~ 90-year-old gamer ~ MMT ~ Quarantine reading
Police State Watch: Amnesty Targets Tear Gas
Amnesty International has yesterday launched a resource on global misuse of tear gas, in the US and elsewhere:
Food Security: UN Warns People Are Vulnerable to Shortages as the COVID-19 Pandemic Continues
United Nations warns about food security, particularly for the world’s poorest, as the COVID-19 recession overwhelms the globe.
