Yet more misconduct at CalPERS.
Recent Items
Tuesday, November 18, 2025
CalPERS Board Member Theresa Taylor Outs that a Staff Member Has Committed Fraud; When Will Giant Pension Come Clean?
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal
Posted by Yves Smith at 9:45 am | 6 Comments »
Links 3/18/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 134 Comments »
Patent System Often Stifles the Innovation It Was Designed to Encourage
Why the US patent regime is broken and what could be done to fix it.
Topics: Economic fundamentals, Guest Post, Legal, Regulations and regulators, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 5:06 am | 26 Comments »
The Free Press versus Facebook and Google
Are Facebook and Google the new ‘public square’? Or are they publishers swiping content from others?
Topics: Free markets and their discontents, Guest Post, Legal, Media watch, Regulations and regulators, Ridiculously obvious scams, Surveillance state, Technology and innovation
Posted by Yves Smith at 4:46 am | 12 Comments »
The Full Case Against Ultra Low and Negative Interest Rates
Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
Topics: Banking industry, Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, The dismal science
Posted by Yves Smith at 1:17 am | 34 Comments »
2:00PM Water Cooler 3/17/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 123 Comments »
Legalise It: Prohibition’s Repeal and Its Unintended Impact on Public Health
How the US Prohibition remains widely misunderstood and why that matters.
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Legal, Politics, Regulations and regulators, Social policy
Posted by Yves Smith at 9:55 am | 51 Comments »
Links 3/17/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 126 Comments »
Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth
Why it’s time for a widespread debt writedown.
Topics: Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Pandemic, Politics, Real estate, Social policy, The destruction of the middle class
Posted by Yves Smith at 6:15 am | 33 Comments »
Yanis Varoufakis: Draghi’s Outrageous Deployment of McKinsey, Europe’s Predicament, DiEM25’s Proposals
Yanis Varoufakis decries how McKinsey is undermining democracy in a putative first world country, a big step up from South Africa and Saudi Arabia.
Topics: Banana republic, Europe, Free markets and their discontents, Guest Post, Income disparity, The destruction of the middle class
Posted by Yves Smith at 6:14 am | 10 Comments »
The Long Term Damage of Economic Downturns
As the well off sail on, either unaffected by or profiting from Covid’s impact, for many, the economic damage is severe and lasting.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Social values, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:03 am | 20 Comments »
2:00PM Water Cooler 3/16/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 80 Comments »
Why Would Anyone Buy Crypto Art – Let Alone Spend Millions on What’s Essentially a Link to a JPEG File?
Trying to make sense of crypto art.
Topics: Environment, Global warming, Guest Post, Ridiculously obvious scams, Social values, Technology and innovation
Posted by Yves Smith at 9:55 am | 85 Comments »
Links 3/16/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 142 Comments »
Spain’s Labor Office Hit by Massive Ransomware Attack As Unemployment Hits Four-Year High
The victims of this latest ransomware attack are among the most vulnerable in society — those who have lost their jobs or whose jobs have been furloughed.
Topics: Guest Post
Posted by Nick Corbishley at 6:53 am | 8 Comments »



