Not only is CalPERS in a poor position in defending against a suit by former board member JJ Jelincic, but its attorney isn’t helping.
Recent Items
Thursday, November 13, 2025
CalPERS Shoots Itself in the Foot: Undermines Its Position in Insolent Letter Demanding JJ Jelincic Drop His Case Against Secrecy Abuses
Topics: Banana republic, CalPERS, Investment management, Legal, Media watch
Posted by Yves Smith at 10:18 am | 15 Comments »
Links 3/25/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 218 Comments »
Sick Unicorns: America’s Broken Start-Up System
Unicorn startups are even more unprofitable than those that did not achieve unicorn status.
Topics: Dubious statistics, Economic fundamentals, Guest Post, Investment management, Private equity, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 6:49 am | 36 Comments »
Rising Temperatures, Melting Ratings
Taking a stab at how global warming will affect bond ratings in the intermediate and long term.
Topics: Credit markets, Doomsday scenarios, Economic fundamentals, Environment, Global warming, Guest Post, Investment outlook
Posted by Yves Smith at 6:35 am | 10 Comments »
Revealed: Doctors Worldwide Offer ‘Dangerous’ Treatment to ‘Reverse’ Abortions
Health experts call regulators to bar controversial anti-abortion method touted by US Christian right activists.
Topics: Guest Post, Health care, Politics, Ridiculously obvious scams
Posted by Yves Smith at 6:20 am | 3 Comments »
2:00PM Water Cooler 3/24/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 97 Comments »
Democrats Continue to Prop Up High Cost Medical System by Buying Health Insurance
Pouring more money into America’s inefficient and badly performing medical system.
Topics: Banana republic, Guest Post, Health care, Politics, Regulations and regulators
Posted by Yves Smith at 9:55 am | 55 Comments »
Links 3/24/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 125 Comments »
Bitcoin, Easter Island-ism, and the Cowardice of Green New Dealers
A pox on hypocritical environmentalists who are nowhere to be found in demanding a stop to pointless, energy profligate Bitcoin.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Environment, Free markets and their discontents, Global warming, Politics, Regulations and regulators, Ridiculously obvious scams, Taxes
Posted by Yves Smith at 6:00 am | 85 Comments »
Medea Benjamin: 10 Things Wrong With Biden’s Foreign Policy
Medea Benjamin explains why the Biden administration seems firmly entrenched behind Trump’s walls of hostility.
Topics: China, Doomsday scenarios, Globalization, Guest Post, Middle East, Politics, Russia
Posted by Yves Smith at 5:55 am | 14 Comments »
Postal Service Saboteur Louis DeJoy Is Making Biden And Congress Look Impotent – Or Worse
Louis DeJoy deserves a special place in hell…although a permanent MOF audit might be an adequate punishment.
Topics: Banana republic, Free markets and their discontents, Guest Post, Politics, Privatization, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 5:32 am | 43 Comments »
Why Can’t the IRS Just Send Americans a Refund – or a Bill?
Believe it or not, it’s not the fault of the IRS that tax return prep is such a hassle.
Topics: Free markets and their discontents, Guest Post, Politics, Ridiculously obvious scams, Taxes
Posted by Yves Smith at 8:58 pm | 17 Comments »
2:00PM Water Cooler 3/23/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 114 Comments »
Links 3/23/2021
Topics: Links
Posted by Yves Smith at 6:58 am | 181 Comments »
The Ultimate Grenfell Betrayal: UK Government Leaves Victims of Cladding Crisis Holding the Bill
The costs fall on leaseholders, who are least able to pay and not remotely to blame for the crisis, while the government protects builders, developers and cladding manufacturers.
Topics: Guest Post
Posted by Nick Corbishley at 6:41 am | 12 Comments »



