California Treasurer John Chiang objects to CalPERS efforts to treat documented evidence of CEO Marcie Frost making repeated misrepresentations about her background as a PR problem and calls for a serious investigation.
Recent Items
Sunday, June 15, 2025
California Treasurer John Chiang Calls for an Independent Investigation of CalPERS CEO Marcie Frost’s Hiring Misrepresentations
Topics: Banana republic, CalPERS, Media watch, Politics
Posted by Yves Smith at 7:08 pm | 25 Comments »
2:00PM Water Cooler 9/26/2018
Today’s Water Cooler: Trade, Sanders and Warren, Kavanaugh goes pear-shaped, Republicans in the Midwest, media bias, new home sales, investor confidence, Tesla, Uber, National Comic Book Day, Hot Cheetos, Westminster Abbey
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 158 Comments »
CalPERS’ CEO Marcie Frost’s History of Embellishment and Poor Management Goes Back to Washington
Yet more confirmation of our findings regarding CalPERS CEO Marcie Frost’s record of misrepresentations.
Topics: Banana republic, CalPERS, Corporate governance, Dubious statistics, Investment management
Posted by Yves Smith at 9:30 am | 30 Comments »
Link 9/26/18
Topics: Links
Posted by Yves Smith at 6:55 am | 222 Comments »
Joseph Stiglitz and Alexandria Ocasio-Cortez Talk Social and Economic Justice
Alexandria Ocasio-Cortez continues to be in the limelight. Is she getting her political footing yet? And will she live up to her “democratic socialist” brand, or is she getting more cozy than necessary with establishment Democrats?
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Politics, The destruction of the middle class
Posted by Yves Smith at 5:45 am | 47 Comments »
Hard-Brexit Lobbyists Demand UK Roll-Back Environmental Standards to Strike Free Trade Deals with India, China and US
Another ugly but far-from-secret element of what was in store with a Glorious Brexit.
Topics: Brexit, Environment, Europe, Free markets and their discontents, Globalization, Guest Post, Politics, Regulations and regulators, Ridiculously obvious scams, UK
Posted by Yves Smith at 5:38 am | 20 Comments »
Trump Escalates Tensions With China Through Taiwan Weapons Deal
Trump disses China in a big way by giving Taiwan quasi-recognition through an arms sale.
Topics: China, Guest Post, Politics
Posted by Yves Smith at 4:58 am | 4 Comments »
2:00PM Water Cooler 9/25/2018
Today’s Water Cooler: China tariffs, Kavanaugh, Democrats and the intelligence community, Mueller, manufacturing, housing, consumer confidence, appendicitis, linux developers, racist AIs, meta studies
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 158 Comments »
Workers Overdose On The Job, And Employers Struggle To Respond
Another facet of the opioid crisis: on-the-job addiction and overdoses.
Topics: Guest Post, Health care, Income disparity, Social values, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 19 Comments »
Links 9/25/18
Topics: Links
Posted by Yves Smith at 6:55 am | 199 Comments »
How the Crisis Caused a Pension Train Wreck
Why pension funds, and retirement savers generally, are big victims of the financial crisis.
Topics: CalPERS, Federal Reserve, Free markets and their discontents, Income disparity, Investment management, Risk and risk management, Social policy, The destruction of the middle class
Posted by Yves Smith at 5:03 am | 44 Comments »
Widely-Reported Study on Uber, Lyft Driver Economics Misses Fundamental Deterioration
Once again, some Uber and Lyft data that ought to generate more questions instead gets a free pass from the press.
Topics: Income disparity, Private equity, Ridiculously obvious scams, Technology and innovation, The destruction of the middle class, Uber
Posted by Yves Smith at 3:28 am | 18 Comments »
IPCC Manipulating Climate Report Summary to Favor Wealthy Nations
The upcoming IPCC report overview is being airbrushed so as to cut unwarranted slack to developed economies.
Topics: Doomsday scenarios, Economic fundamentals, Environment, Global warming, Guest Post, Politics
Posted by Yves Smith at 12:01 am | 13 Comments »
2:00PM Water Cooler 9/24/2018
Today’s Water Cooler: China trade and Iowa, Booker, Sanders, Kavanaugh, Rosenstein, national activity, manufacturing, Tesla, Instacart, Google Chrome
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 120 Comments »
First Set of High Seas Treaty Negotiations Concludes in New York
The first set of of four negotiating sessions to produce a UN treaty on the high seas by 2020 concluded last week in New York; this would extend the existing law of the sea framework beyond each nation’s territorial waters.
Topics: Doomsday scenarios, Environment, Guest Post, Japan, Legal, Politics, Russia
Posted by Jerri-Lynn Scofield at 11:55 am | 7 Comments »