Judge Rules CalPERS Violated Bagley-Keene Open Meeting Act by Holding Improper Closed Session After Ben Meng Resignation
CalPERS got a bloody nose in court. Maybe the board will wise up and behave better in the future.
Read more...Category Archives: Real estate
Foreclosure Looms for Homeowners Who Thought They’d Won, Thanks to Top New York Court Ruling
Foreclosure suits from the financial crisis era get a new life thanks to a ruling by a conflicted New York judge.
Read more...Net Zero, Insulation, Boilers, and English Dampness, or Symbol Manipulators Versus Existing Conditions
The English gas boiler as a microcosm of Anglosphere elites’ inability to come up with realistic carbon reduction schemes.
Read more...Jim Chanos: China’s “Leveraged Prosperity” Model is Doomed. And That’s Not the Worst
Famed short-seller Jim Chanos is more concerned with political fallout from China’s Evergrande than economic/financial woes.
Read more...New Report Highlights Corporate Funding of Police Foundations, Which Encourage Police Militarization and Thwart Reform
Corporations funnel significant funds to anti-reform police foundations, while publicly supporting PR campaigns for police reform.
Read more...Incomes Got Chewed Up by Inflation. Americans Spent Heroically on Goods, But Not on Services. Eviction Moratoriums & Forbearance Implicated
Consumers have made big changed to their spending patterns in response to inflation.
Read more...Michael Hudson and Thomas Piketty Debate Inequality, Debt, and Reform
Thomas Piketty and Micheal Hudson address “What is debt,” and also address inequality, rentierism, and reform in the West and China.
Read more...Can China’s Outsized Real Estate Sector Amplify a Delta-Induced Slowdown?
Whether by accident or design, the implosion of China’s Evergrande will take some air out of its inflated real estate sector. What then?
Read more...Removing Urban Highways Can Improve Neighborhoods Blighted by Decades of Racist Policies
Urban planning has been used to classify, segregate and compromise people’s opportunities based on race. Highway removal can improve urban neighborhoods.
Read more...Close to 50% of US Workers Can’t Afford to Rent One Bedroom Housing
An update on the already desperate and worsening state of the market for renters in the US.
Read more...US History Shows Spending on Infrastructure Doesn’t Always End Well
Despite promoters’ claims, infrastructure projects often aren’t great public successes.
Read more...This Reddit Lament Sums Up Wonderfully What Lots of Home Buyers Will Grapple with as Housing Market “Normalizes” and Work from Home Fizzles
As Covid-exodus home purchases peters out, over-eager buyers are waking up with hangovers.
Read more...How Monopoly Was Invented to Demonstrate the Evils of Capitalism
Monopoly iencourages its players to celebrate exactly the opposite values to those its inventor intended to champion.
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Buyers’ Strike? Mortgage Applications Drop 8% Below 2019, as Home Buyers Get Second Thoughts about “Raging Mania”
Falling mortgage applications and rising home inventories signal a coming housing market pullback.
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