CalPERS CEO Marcie Frost appears to be doubling down on her initial bad judgment about Chief Financial Officer Charles Asubonten’s resume misrepresentations by featuring him prominently at a board committee meeting next week.
Thursday, August 7, 2025
Airbnb Turns to Brussels for Help as Anti-Tourist Backlash Intensifies in Europe
Airbnb is on the run in Europe and desperate to find allies.
The U.S. Is Not at Full Employment—Don’t Believe the Trump Administration’s Hype to the Contrary
Why recent employment statistics are giving an unduly rosy picture of the state of the US labor market.
2:00PM Water Cooler 5/9/2018
Today’s Water Cooler: Belt and Road, NAFTA, Cory Booker, Joe Biden, billionaires and the Iran deal, prices, capital investment, shadow finance, Google and AI, Comcast and net neutrality, Schneiderman
How Tax Evasion Increases Inequality
Total tax evasion among the top 0.01% in Scandinavia is roughly 10 times the level of the population at large.
20% of Inmates in California Jails on Psychotropic Medications
Why are inmates in California jails being medicated at much higher rates than in the past?
Can Canada’s Mutual Help Financial Organizations for Disenfranchised Blacks Serve as a Model for the Un and Underbanked in the US?
Are Canada’s mutual-assistance-based financial groups a guide for how minority and disadvantaged groups can escape the tax of overpriced bank services like check cashing?
Europe Buys More Russian Gas Despite Strained Relations
Russia remains very much entwined in Europe’s economy.
2:00PM Water Cooler 5/8/2018
Today’s Water Cooler: NAFTA, WTO, trade and manufacturing, Democrat messaging, Manchin v. Swearengin, small business optimism, credit, trucking employment, Alden Global Capital ad the press, BS jobs
Globalisation, Government Popularity, and the Great Skill Divide
How do voter reactions to globalisation vary by skill level?
SEC Gives Private Equity Firm Welsh Carson a Wet Noodle Lashing Over Purchasing Kickback Abuse
More SEC enforcement theater on the private equity front.
Warren Buffett’s Mortgage Companies Engage in Alleged Discrimination Against Minority Borrowers, Violating Fair Housing Act
An investigative report suggests that Berkshire Hathaway’s mortgage lending operation discriminates against minority borrowers.
