Author Archives: Yves Smith

Hoisted From E-mail: “Shock Doctrine Against CalPERS”

Why CalPERS is becoming the target of sustained media attacks.

Smoke And Mirrors: What Did OPEC Really Agree On?

Why there is less than meets the eye to the OPEC plan to cut production at the end of November.

Be Sure to Join Lambert’s Vice Presidential Debate LiveBlog/Open Thread Tomorrow at 9 PM EDT

Hope you can join our vice presidential live blog tomorrow night!

Links 10/1/16

Cerberus Uses Private Equity Looting Strategy With Scandal-Ridden Steward Health Care Hospitals

How Cerberus is using a real estate looting strategy to salvage its purchase of Steward Health Care….at the expense of the operations, natch.

When Bank Boards Get Too Cozy, Expect Misconduct

Why regulators and investors need better measures of the connections between bank executives and their boards.

Social Democracy, the “Third Way,” and the Crisis of Europe, Part 1

The birth of the Third Way —a turn away from class-struggle politics and a compromise with neoliberaism—and how it shaped the Eurozone.

Links 9/30/16

John Helmer: Four MH17 Questions – The Answers to Which Prove the Dutch Police, Ukrainian Secret Service, and US Government Are Faking the Evidence of the MH17 Shootdown

A skeptical look at the latest MH17 findings.

Wells Fargo CEO Stumpf Tries to Brazen Out Fraud as Congressmen Call Wells a “Criminal Enterprise,” Demand Breakup

Stumpf has another deservedly bad day in the Congressional hot seat.

CalPERS General Counsel Matt Jacobs Lies to Board, and Staff Abuses Authority, to Stymie Public Input

Why general counsel Matt Jacobs’ record of misrepresentations, omissions, and slipshod advice makes him a danger to CalPERS.

Fade OPEC

Is the OPEC production cut set to be finalized at the end of November the real deal?

Battling Apple and the Giants

The larger implications of the fight between Apple and the European Competition Commission over Apple’s sweet Irish tax deal.

Wells Fargo CEO Stumpf, Head of Community Bank Hit With Multi-Million in Clawbacks: Labor Department Opens

Wells Fargo’s board acts against CEO John Stumpf right before a House hearing. Is this to blunt the interrogation or to save his hide?

Wolf Richter: “Negative Growth” of Real Wages is Normal for Much of the Workforce, and Getting Worse – New York Fed

The Fed ‘s creative euphemisms for how real wages are sinking for many won’t keep threats like Trump at bay.