What city will be next to admit it has a lead problem? Why yours might be closer than you think.
Recent Items
Sunday, February 8, 2026
‘The Next Flint,’ and America’s Problem with Lead in Its Water
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Environment, Guest Post, Health care, Regulations and regulators, Social policy
Posted by Yves Smith at 9:55 am | 24 Comments »
Links 8/20/19
Topics: Links
Posted by Lambert Strether at 6:58 am | 179 Comments »
CalPERS Engineering Board Resignation: Underhanded, Dishonest Plans to Cut Investment Meetings of Poorly Performing Fund by More Than 50%, Shrink Investment Committee
The first of a two-part series describing the process and substance with which CalPERS staff is trying to engineer a de facto resignation of its board.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 6:57 am | 9 Comments »
CalPERS Engineering Board Resignation: “Attempted Coup” via Unconstitutional, Fiduciary-Duty-Violating “Code of Conduct”
Just when you think CalPERS can’t sink any lower, it manages to outdo itself, this time, with an illegal governance monstrosity masquerading a code of conduct.
Topics: Banana republic, CalPERS, Corporate governance, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 6:56 am | 7 Comments »
CalPERS Board President Henry Jones Exposed for Leaking Confidential “Closed Session” Information; Board Member Theresa Taylor Gives Factually-Challenged Denial of Her Closed Session Leak
The hypocrisy of CalPERS’ board is on full display yet again.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Media watch
Posted by Yves Smith at 6:55 am | 5 Comments »
Is the So-Called “Manufacturing Renaissance” a Mirage?
38 manufacturing industries continue to decline and nine of 10 of these industries are the critical industries that are fundamental to the manufacturing process
Topics: Free markets and their discontents, Guest Post, Technology and innovation, The destruction of the middle class
Posted by Lambert Strether at 3:55 pm | 89 Comments »
2:00PM Water Cooler 8/19/2019
Today’s Water Cooler: Polling, Buttigieg, Harris, O’Rourke, Sanders, Warren, 2018 and 2020 post mortems, evangelicals, e-commerce, ethanol, AI in China, robot trucks, bees and regenerative farming, Arctic wildfires, California regulators, Harlan County miners, deaths of despair, selfies, birth photographers, customer service chatbots
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 122 Comments »
Externalities – And Cheating – in the Financial Crisis
The magnitudes of booms and busts are amplified by two significant externalities triggered by aggregate shocks: the endogeneity of bank equity due to mark-to-market accounting and of bank liquidity due to ‘fire-sales’ of securitised assets. In addition to economic models, legal and political factors should also be considered.
Topics: Guest Post
Posted by Lambert Strether at 9:55 am | 11 Comments »
Links 8/19/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 148 Comments »
CalPERS Board Member Theresa Taylor Breached Confidentiality, Board Engaged in Apparent Criminal Violations of Open Meeting Law in Attacks on Pro-Transparency Board Membrs
CalPERS has managed to outdo itself, in a predictably bad way.
Topics: Banana republic, CalPERS, Investment management, Legal, Media watch, Politics
Posted by Yves Smith at 6:25 am | 19 Comments »
One Nation Under Stress?
Why stress is not all it is cracked up to be.
Topics: Free markets and their discontents, Guest Post, Income disparity, Social policy, Social values
Posted by Yves Smith at 1:42 am | 62 Comments »
Phishing Equilibria in E-Commerce: Shopping Sites and Dark Patterns
Dark Patterns are tricks used in websites and apps that make you do things that you didn’t mean to. Shopping sites use them a lot, and the bigger the site, the more likely.
Topics: Banana republic, Free markets and their discontents, Guest Post, Ridiculously obvious scams
Posted by Lambert Strether at 3:55 pm | 25 Comments »
Links 8/18/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 225 Comments »
China’s Ultimate Play For Global Oil Market Control
The main driving issue is the realization by the Saudis that, irrespective of the reassuring rhetoric of Trump and Kushner, their bitter nemesis, Qatar, is far more important to the US than the rest of the conservative Arab monarchies and sheikhdoms of the GCC.
Topics: China, Commodities, Energy markets, Guest Post, Middle East
Posted by Lambert Strether at 6:25 am | 38 Comments »
Links 8/17/19
Topics: Links
Posted by Yves Smith at 6:55 am | 183 Comments »




