How CalPERS was cheated by conniving fund managers, as is pervasive among private equity investors.
Recent Items
Saturday, February 7, 2026
CalPERS Short-Changed by CIM in Pay-to-Play/Bribery Scandal; Looks Like Apollo Stiffed CalPERS Too
Topics: CalPERS, Investment management, Private equity, Real estate
Posted by Yves Smith at 4:13 am | 11 Comments »
Why Degrowth Is the Only Responsible Way Forward
Why degrowth is necessary and potentially attractive.
Topics: Doomsday scenarios, Economic fundamentals, Environment, Free markets and their discontents, Global warming, Guest Post, Permaculture, Social policy, Social values
Posted by Yves Smith at 3:49 am | 110 Comments »
2:00PM Water Cooler 9/19/2019
Today’s Water Cooler: Biden, Buttigieg, Sanders, Trump, Warren, “the party decides,” Clinton on 2016, Kavanaugh, jobless claims, home sales, leading indicators, current accounts, rail traffic, CSX, FedEx, independent bookstores, malls, crystals, sex robots, ocean plastic, alt-meat in the Third World, GM strike, influencers, the first female tourist
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 130 Comments »
New Evidence on the Consequences of Gentrification for Children
Contrary to widespread beliefs, gentrification does not appear to harm children. But that may be because it operates differenlty than most assume.
Topics: Free markets and their discontents, Guest Post, Income disparity, Real estate, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 16 Comments »
Links 9/19/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 135 Comments »
The Financial Times’ Martin Wolf Discovers that Rentier Capitalism and Financialization Increase Inequality and Hurt Growth
Martin Wolf has a big think about what is wrong in and discovers rentier activity.
Topics: Banana republic, Banking industry, Economic fundamentals, Free markets and their discontents, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 4:35 am | 39 Comments »
Urgent Culture For A Foot-Dragging Congress
A climate change museum tour for Congress.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post, Politics
Posted by Yves Smith at 3:19 am | 3 Comments »
Two Entrepreneurs Explain Why the Health Insurance Industry Is a Direct Threat to Middle-Class Life
Quelle surprise! Businessmen would rather pay their workers than health care rent extractors.
Topics: Guest Post, Health care, Politics, Social policy, Social values
Posted by Yves Smith at 1:59 am | 26 Comments »
Two Horrid Wall Street Journal Stories Show What a Malefactor Amazon Has Become
The Wall Street Journal reports ghastly stories about product safety from third party sellers at Amazon, and the ugly office politics of software development
Topics: Banana republic, Corporate governance, Guest Post, Regulations and regulators, Ridiculously obvious scams
Posted by Lambert Strether at 5:25 pm | 62 Comments »
What is the Theory of Change in Naomi Klein’s “On Fire: The Burning Case for a Green New Deal”?
Why is there no Green New Deal already? And what should we do to get one?
Topics: Global warming, Guest Post, Media watch, Politics, Technology and innovation
Posted by Lambert Strether at 3:25 pm | 75 Comments »
2:00PM Water Cooler 9/18/2019
Today’s Water Cooler: open thread.
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 188 Comments »
Another School Leadership Disaster: Private Companies Work an Insider Game to Reap Lucrative Contracts
Firms that help place handpicked candidates in school leadership positions use those connections to sell other products and services.
Topics: Banana republic, Guest Post, Politics, Private equity, Privatization
Posted by Lambert Strether at 9:55 am | 8 Comments »
Links 9/18/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 153 Comments »
America’s Workforce Elderly Workforce To Double By 2028
So, what’s behind the sharp increase that is expected in the oldest work-age demographic?
Topics: Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Lambert Strether at 6:45 am | 55 Comments »
2:00PM Water Cooler 9/17/2019
Today’s Water Cooler: Trade and China innovation, BIden, Buttigieg, Sanders, Warren, Yang, NC redistricting, industrial production, housing, Houston Ship Channel, fraud at J.P. Morgan, Peloton, Nucor, the Amazon, city heat and poverty, feral hogs, jazz, housing and health, Adolph Reed, passive-aggressiveness
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 119 Comments »


