The CalPERS board continues to waste time on tinpot tyranny rather than focusing on the challenge of the penion system’s substantial underfunding.
Recent Items
Wednesday, September 3, 2025
CalPERS Staff Caught Out in Yet Another Power Grab, Tries Gagging the Board With Staff’s “Board Code of Conduct”
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal, Politics
Posted by Yves Smith at 10:55 am | 17 Comments »
Links 8/8/19
Topics: Links
Posted by Yves Smith at 6:55 am | 190 Comments »
5 Reasons Why Trump’s Venezuela Embargo Won’t End the Maduro Regime
Why the sanctions on Venezuela aren’t all they are cracked up to be.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Energy markets, Guest Post, Politics
Posted by Yves Smith at 6:39 am | 38 Comments »
Doctors Argue Plans To Remedy Surprise Medical Bills Will ‘Shred’ The Safety Net
A PR campaign presenting the consumer fraud known as surprise billing as beneficial doesn’t stand up to scrutiny.
Topics: Banana republic, Guest Post, Health care, Media watch, Ridiculously obvious scams
Posted by Yves Smith at 6:30 am | 35 Comments »
Australia Debates: Communist Party China the New Nazi Germany?
A row Down Under as a prominent and well placed MP says some not-nice things about China.
Topics: Australia, China, Doomsday scenarios, Globalization, Guest Post, Politics, Surveillance state
Posted by Yves Smith at 6:12 am | 29 Comments »
2:00PM Water Cooler 8/7/2019
Today’s Water Cooler:
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 161 Comments »
Tightening Nickel Supply Threatens Electric Vehicle Boom
Nickel supplies are a new electronic vehice maker worry.
Topics: Commodities, Energy markets, Environment, Global warming, Guest Post
Posted by Yves Smith at 9:55 am | 62 Comments »
Links 8/7/19
Topics: Links
Posted by Lambert Strether at 6:55 am | 220 Comments »
Apollo Doth Protest Too Much: Our Leon Black-Jeff Epstein Post Elicits Intervention by Apollo’s Flack
Apollo looks unduly anxious.
Topics: Media watch, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 6:30 am | 39 Comments »
Low on Water, California Farmers Turn to Solar Farming
Some California farmers are shifting their “crops” to reduce water use. But is it too little, too late?
Topics: Energy markets, Environment, Global warming, Guest Post
Posted by Yves Smith at 4:57 am | 30 Comments »
Britain After Brexit: Welcome to the Vulture Restaurant
US business will asset-strip the UK, but that’s not all: the Pentagon will find the little-known fragments of the British empire very useful.
Topics: Banana republic, Brexit, Doomsday scenarios, Economic fundamentals, Europe, Free markets and their discontents, Guest Post, The destruction of the middle class, UK
Posted by Yves Smith at 2:54 am | 71 Comments »
2:00PM Water Cooler 8/6/2019
Today’s Water Cooler: Biden, Sanders, Trump, Warren, billionaire donors, El Paso shootings, AOC’s chief of staff, DNC dysfunction, DSA convention, typos that change lives, those feral hogs
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 261 Comments »
How Private Prisons Affect Sentencing
Since the introduction of private prisons, rates of incarceration have risen strongly . How much are those prisons to blame?
Topics: Banana republic, Guest Post, Legal, Privatization, Social policy
Posted by Yves Smith at 9:55 am | 7 Comments »
Links 8/6/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 250 Comments »
Michael Hudson: Why Frances Coppola’s “The Case for the People’s Quantitative Easing” Is for Banks, Not the People
A dubious proposal to continue over-reliance on monetary policy, this time with a quantitative easing scheme, instead of fiscal spending.
Topics: Banking industry, Credit markets, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Income disparity, Market inefficiencies, The destruction of the middle class
Posted by Yves Smith at 6:00 am | 17 Comments »