CalPERS is flailing about with its private equity “new business model.”
Sunday, February 8, 2026
Reminder: Birmingham Meetup for Monday, November 19
Hope to see you folks in the Birmingham area next week at our meetup.
2:00PM Water Cooler 11/15/2018
Today’s Water Cooler: Greens, Congressional Black Caucus, ME-02, suburban Democrats, fascism, retail sales, manufacturing, import and export, inventories, Amazon, Blue Apron, Uber, Goldman, Royal Bank of Scotland, PG&E, American music, asphalt
Our New York Magazine Article: “Fake ‘Unicorns’ Are Running Roughshod Over the Venture Capital Industry”
Fake unicorns are a real problem for the venture capital industry.
Brexit: Brexit Minister Raab Resigns; May to Face Hostile Parliament. Update: Two More Resignations, Bringing Total So Far to Four, Now Six
Another rough Brexit day for Theresa May in the offing.
Uber Releases Ugly 3Q 2018 Results: Losses Widen to $1.1 Billion, Growth Slows
It”s getting hard to believe Uber’s story.
Is This Time Different? Examining Recent Emerging-Market Turbulence
Some emerging-market economies look wobbly. How likely are we to see more crises?
2:00PM Water Cooler 11/14/2018
Today’s Water Cooler: Bloomberg, Clinton, Massachusetts Greens, Mike Espy, Bush rehabilitation, consumer price index, consumer spending, inflation expectations, Amazon, Comcast, private equity, Mr. Market, luxe panic rooms, Migrants, the homeless, Idoru in RL, origins of patriarchy
High Stakes, Entrenched Interests And The Trump Rollback Of Environmental Regulations
Trump’s “progress” in gutting environmental protections.
Brexit: May at Her Marks to Run a Gauntlet. Update: Cabinet Approves Draft Agreement
Brexit spectacle is about to kick into a higher gear.
Apple’s “Capital Return Program”: Rewarding the Wrong People
nstead of rewarding the taxpayers and employees who actually create value for the tech giant, Apple is doling out massive stock buybacks
Confidence or Dead CEO Walking? CalPERS Staff Pressured to Wear Badges of Support
Yet another embarrassment at CalPERS.
2:00PM Water Cooler 11/13/2018
Today’s Water Cooler: Increased pre-tariff imports, Beto, Pelosi, post-midterms House, small business optimism, bank regulation, small warehouses, Teamster contract, robot cars, Apple, wildfires, meat substitutes, Amazon HQ, DSA, 3D printing and toxic fumes, Stan Lee
