In a likely violation of the Nuremberg Code, a study increased the sleep deprivation of medical residents above already-high current levels.
Read more...CalPERS staff and outside experts went to considerable lengths distort data and abuse analytical methods to make the case that only private equity could offer the allegedly superior returns needed to meet CalPERS’ targets. The fact that CalPERS did not make an honest case for private equity suggests that no honest case could be made.
Read more...A look at Iceland’s financial crisis, why it happened and what can be done to mitigate the potential for similar chaos in the future.
Read more...Financial regulators increasingly acknowledge organizational culture as a source of systemic risk, yet they have been loath to do more than influence compensation structures, since they do not want to be perceived to be interfering with management. This post describes a new approach in the Netherlands that
Read more...Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Read more...How the debate on negative real rates has missed role of demand for “safe” collateral for derivative positions, and why that is central.
Read more...The Billion Dollar Moldova Bank Scam: gateway to the UK’s money laundering mess
Read more...Mega commodities trader Glencore and its big peers are looking wobbly. How worried should you be?
Read more...How CalPERS’ and CalSTRS’ private equity consultant PCA has demonstrated that it needs to go.
Read more...It’s getting tougher out there for our QE and ZIRP-coddled corporate junk-bond heroes.
Read more...Repo is the system that failed during the financial crisis, leading the Fed to ride to banks’ rescue. Is repo any safer now?
Read more...China’s market drama started in June this year with the collapse of the Shanghai stock exchange, followed by frantic interventions by the Chinese authorities. As if the estimated $200 billion already spent on propping up stock prices were not enough, China found itself in another battle with the market, defending the RMB against depreciation pressures after the PBoC devalued the RMB by nearly 2% on August 11. The cost of the foreign exchange intervention to keep the RMB stable is estimated at $200 billion.
Read more...Why believing that there must be an easy way for Greece to pull of a Grexit does not make it so.
Read more...Lambert: Just what we need; more 1%-ers. And if turmoil in emerging markets keeps up, we’ll have more of ’em, as conditions “at home” sharpen. By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street. Wealthy, very nervous foreigners yanking their money […]
Read more...Complex systems are prone to catastrophic failure. Have we come to embrace policies and values that increase the odds of failure?
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