The hypocrisy of CalPERS’ board is on full display yet again.
Recent Items
Friday, October 4, 2024
CalPERS Board President Henry Jones Exposed for Leaking Confidential “Closed Session” Information; Board Member Theresa Taylor Gives Factually-Challenged Denial of Her Closed Session Leak
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Media watch
Posted by Yves Smith at 6:55 am | 5 Comments »
Is the So-Called “Manufacturing Renaissance” a Mirage?
38 manufacturing industries continue to decline and nine of 10 of these industries are the critical industries that are fundamental to the manufacturing process
Topics: Free markets and their discontents, Guest Post, Technology and innovation, The destruction of the middle class
Posted by Lambert Strether at 3:55 pm | 89 Comments »
2:00PM Water Cooler 8/19/2019
Today’s Water Cooler: Polling, Buttigieg, Harris, O’Rourke, Sanders, Warren, 2018 and 2020 post mortems, evangelicals, e-commerce, ethanol, AI in China, robot trucks, bees and regenerative farming, Arctic wildfires, California regulators, Harlan County miners, deaths of despair, selfies, birth photographers, customer service chatbots
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 122 Comments »
Externalities – And Cheating – in the Financial Crisis
The magnitudes of booms and busts are amplified by two significant externalities triggered by aggregate shocks: the endogeneity of bank equity due to mark-to-market accounting and of bank liquidity due to ‘fire-sales’ of securitised assets. In addition to economic models, legal and political factors should also be considered.
Topics: Guest Post
Posted by Lambert Strether at 9:55 am | 11 Comments »
Links 8/19/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 148 Comments »
CalPERS Board Member Theresa Taylor Breached Confidentiality, Board Engaged in Apparent Criminal Violations of Open Meeting Law in Attacks on Pro-Transparency Board Membrs
CalPERS has managed to outdo itself, in a predictably bad way.
Topics: Banana republic, CalPERS, Investment management, Legal, Media watch, Politics
Posted by Yves Smith at 6:25 am | 19 Comments »
One Nation Under Stress?
Why stress is not all it is cracked up to be.
Topics: Free markets and their discontents, Guest Post, Income disparity, Social policy, Social values
Posted by Yves Smith at 1:42 am | 62 Comments »
Phishing Equilibria in E-Commerce: Shopping Sites and Dark Patterns
Dark Patterns are tricks used in websites and apps that make you do things that you didn’t mean to. Shopping sites use them a lot, and the bigger the site, the more likely.
Topics: Banana republic, Free markets and their discontents, Guest Post, Ridiculously obvious scams
Posted by Lambert Strether at 3:55 pm | 25 Comments »
Links 8/18/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 225 Comments »
China’s Ultimate Play For Global Oil Market Control
The main driving issue is the realization by the Saudis that, irrespective of the reassuring rhetoric of Trump and Kushner, their bitter nemesis, Qatar, is far more important to the US than the rest of the conservative Arab monarchies and sheikhdoms of the GCC.
Topics: China, Commodities, Energy markets, Guest Post, Middle East
Posted by Lambert Strether at 6:25 am | 38 Comments »
Links 8/17/19
Topics: Links
Posted by Yves Smith at 6:55 am | 183 Comments »
De-Facto Annexation of Kashmir Means India as a Secular State is Ending
Some of the implications of India’s annexation of Kashmir.
Topics: Guest Post, India, Politics
Posted by Yves Smith at 4:37 am | 34 Comments »
Out of the Ashes of Puerto Rico’s Economy Emerges a Promising Currency for All
A local currency in Puerto Rico gets a foothold in the US.
Topics: Guest Post
Posted by Yves Smith at 3:51 am | 20 Comments »
2:00PM Water Cooler 8/16/2019
Today’s Water Cooler: Sanders, Warren, IA voters, the campaign press, Democrat “voter protection teams,” DCCC, consumer sentiment, housing starts, trucking, Dollar General, WeWork’s horrid IPO, Uber cost-cutting, Tesla’s robot car scam, tamping down yield curve angst, lending apps, Internet of Sh*t
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 137 Comments »
A New Assessment of the Role of Offshoring in the Decline in US Manufacturing Employment
Offshoring killed American manufacturing jobs.
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 52 Comments »