CalPERS defied its board by staking a startup fund with a cool $1.5 billion without approval. And on top of that, the deal looks lame.
Recent Items
Tuesday, July 15, 2025
A Letter from Nanea to Yves Smith About CalPERS’ Strange $1.5 Billion Deal with LongRange Capital
Topics: Banana republic, CalPERS, Investment management, Legal, Private equity
Posted by Yves Smith at 5:56 am | 17 Comments »
The War Nerd: Gray Wolves — The Fascists Nobody Wants To Talk About
Examination of the history and practice of the Uurkish Gray Wolves as classic fascists, tolerated due to Turkey’s NATO role.
Topics: Europe, Guest Post, Middle East, Politics, Russia
Posted by Lambert Strether at 5:55 am | 20 Comments »
Feeling Disoriented By the Election, Pandemic and Everything Else? It’s Called ‘Zozobra’ — And Mexican Philosophers Have Some Advice
Ever had the feeling that you can’t make sense of what’s happening?
Topics: Guest Post, Politics
Posted by Lambert Strether at 5:25 am | 41 Comments »
Save the Birds: Study Adds to Calls to Ban Dogs from Beaches During Shorebird Nesting Season
Study shows nesting shorebirds are flushed from their nests during nesting season by dogs, whether or not on leads.
Topics: Environment, Europe, Guest Post
Posted by Jerri-Lynn Scofield at 9:55 am | 20 Comments »
Links 11/15/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 211 Comments »
Is Development for the World Bank Mainly Doing Business?
The World Bank finally gives up defending its controversial but influential Doing Business Report. It’s about time.
Topics: Banana republic, Dubious statistics, Environment, Globalization, Guest Post, Income disparity, Privatization, Regulations and regulators, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 5:55 am | 13 Comments »
Links 11/14/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 277 Comments »
Why 2020 Was the ‘Precarity Election’
In 2020, both parties ignored rising precarity, which is why the country remains a house divided against itself.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, Social values, The destruction of the middle class
Posted by Yves Smith at 4:00 am | 107 Comments »
How Biden Can Protect Workers on Day 1
By using the Occupational Safety and Health Administration, Biden could improve worker safety during the pandemic without Congress’s help.
Topics: Banana republic, Guest Post, Health care, Income disparity, Pandemic, Politics, Regulations and regulators
Posted by Yves Smith at 3:33 am | 18 Comments »
2:00PM Water Cooler 11/13/2020
~ Covid charts ~ Democrats in disarray, CIA Democrats ~ Biden’s defense team is defense contractors ~ Ron Klain ~ The “Latinx” vote ~ Alabama’s Tuberville, Kentucky’s Rogers ~ Horrid Apple OS rollout ~ Is America in decline? ~ Gratitude
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 231 Comments »
2020 “Globie”: The Carry Trade
A recent book focuse on the role of the carry trade in increasing financialization and instabilty.
Topics: Currencies, Derivatives, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Investment management, Risk and risk management
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 11/13/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 202 Comments »
The Liberals’ New Passion for Snobbery and Censorship: An Interview + Review of The War on Populism and Trumpocalypse by C.J. Hopkins
Playwright and critic C.J. Hopkins was early to document the liberal embrace of intensified propaganda in the US.
Topics: Free markets and their discontents, Guest Post, Income disparity, Media watch, New McCarthyism, Politics, Social policy
Posted by Yves Smith at 5:30 am | 260 Comments »
Ticketmaster’s Reckless, Privacy-Shredding Covid Plan to Get You in Their Seats
Ticketmaster wants to use technology to make events safer. Too bad its ideas are intrusive and medically questionable.
Topics: Health care, Pandemic, Surveillance state, Technology and innovation
Posted by Yves Smith at 4:27 am | 25 Comments »
Tapped-Out Tenants Take Charge as Landlords Pursue End Runs Around Eviction Moratorium
Tenants face harassment and lockouts to pressure them to leave their homes — but renters are fighting back.
Topics: Doomsday scenarios, Guest Post, Legal, Pandemic, Real estate, Regulations and regulators
Posted by Yves Smith at 12:51 am | 12 Comments »