CalPERS board members and staff have violated state conflict of interest rules to a degree that appears to be criminal.
Monday, July 28, 2025
Raising Minimum Wages Reduces Recidivism
Another benefit of higher minimum wages.
The Super Rich Get Even Richer
The continuing rise in wealth of the super rich bodes ill for financial and social stability.
Confirming Birmingham Meetup for Monday, November 19
Hope you can stop by our next meetup!
2:00PM Water Cooler 11/9/2018
Today’s Water Cooler: Sanders, Harris, mid-terms post mortem, ME-02 and ranked choice voting, Atlantic Council on Russia, producer prices, wholesale trade, consumer sentiment, water wars, investors tracking carbon, billionaires, Iowa undergrad union, Apple
Cryptocurrencies: Financial (In)stability and (Un)fairness
If private cryptocurrencies were to find widespread economic use, either coexisting with or fully displacing fiat money, the result would be increased financial instability, inequality, and social instability.
Brexit Dithering and a Labour Push for Revocation?
More Brexit motion, but progress is likely a very different matter.
Marshall Auerback: Apple Has an Early Case of GE’s Disease
Silicon Valley stars like Apple suffer from financialization—the same ailment that felled GE and Lucent.
US Policy On Iran After The Midterm Elections
A clear Senate majority gives Trump more support for playing tough with Iran. But how productive is this likely to be?
2:00PM Water Cooler 11/8/2018
Today’s Water Cooler: Suburbs in 2020, mid-terms post mortem, cybersecurity, Ginsburg cracks ribs, consumer credit, jobless claims, capital investment, Bombardier, Foxconn, Apple, infrastructure, new HR676 supporters, LSD in the Seventh Fleeet, ham radio
Stock Markets Do Not Create Value
A new study on stock price performance undermines conventional thinking.
Wolf Richter: The State of the American Debt Slaves, Q3 2018
Consumer debt continues to grind upwards.
