Prominent Republicans are threatening to gore the public pension fund ox.
Recent Items
Monday, July 14, 2025
Mitch McConnell to State Pension Funds: Drop Dead
Topics: CalPERS, Income disparity, Investment management, Macroeconomic policy, Politics, Private equity, The destruction of the middle class
Posted by Yves Smith at 6:27 am | 63 Comments »
Coronavirus Pandemic is Paving the Way for an Increase in Superbugs
The coronavirus crisis will exacerbate an existing threat to healthcare systems, around the world: the problem of antibiotic resistance.
Topics: Doomsday scenarios, Guest Post, Health care, Pandemic
Posted by Jerri-Lynn Scofield at 5:55 am | 20 Comments »
Inequality and the Coronavirus: Destroying American Society From the Top Down
Coronavirus is exposing the severity of inequality in the US, particulary limited access to health care and the health costs of poverty.
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Health care, Income disparity, Pandemic, Social policy, Social values
Posted by Yves Smith at 2:55 am | 36 Comments »
2:00PM Water Cooler 4/22/2020
Today’s Water Cooler: #COVID19 cases, Biden messaging, Biden digital imbroglio, Cuomo, Sanders post mortem, Democrat strategic genius, supertankers, Tyson, OnlyFans, retail, container traffic, wildlife returns to cities, climate scenarios, the Anti-Mask League of 1919, back row kids, fascist economics
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 160 Comments »
Our Extraordinary 50th Earth Day
The Earth Day milestone occurs in the shadow of the coronavirus.
Topics: Environment, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 9:55 am | 18 Comments »
Links 4/22/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:57 am | 212 Comments »
The Coronavirus New Normal Has Only Started To Arrive
Why we aren’t even at the end of the beginning of coronavirus-induced change.
Topics: Doomsday scenarios, Economic fundamentals, Globalization, Health care, Income disparity, Pandemic, Politics, Regulations and regulators
Posted by Yves Smith at 6:46 am | 157 Comments »
The Worst Is Yet To Come for Oil Prices
Collaping oil prices demonstrate the severity of the fall in real economy activity.
Topics: Derivatives, Doomsday scenarios, Economic fundamentals, Energy markets, Guest Post, Pandemic
Posted by Yves Smith at 2:06 am | 50 Comments »
Mutual Aid Volunteers Are Mobilizing to Help the Most Vulnerable Communities to Deal With Coronavirus
How the DSA and other groups are providing coronavirus relief.
Topics: Guest Post, Pandemic, Social values
Posted by Yves Smith at 12:11 am | 7 Comments »
2:00PM Water Cooler Special: The Nation CANCELLED Over Tara Reade Coverage
To assert that there is “no evidence” of Ms. Reade’s allegation against Mr. Biden denies Ms. Reade’s agency as a human being
Topics: Guest Post, Politics, Water Cooler
Posted by Lambert Strether at 2:55 pm | 75 Comments »
2:00PM Water Cooler 4/21/2020
Today’s Water Cooler: #COVID19 charts and Facebook county data, Biden ad, Michelle Obama as VP, Pelosi’s freezer, deaths from Milkwaukee in-person voting, Obama nostalgia explained, housing, oil prices, tankers, recession, 401(k), misinformation, #COVID19 and class, Amazon, Moloch
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 165 Comments »
Trump Tweet: Will Issue Executive Order Temporarily Suspending All Immigration into the United States
Last night Trump tweeted his intention to issue an executive order temporarily suspending all legal immigration into the United States.
Topics: Banana republic, Guest Post, Income disparity, Pandemic, Politics, Regulations and regulators, Ridiculously obvious scams, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 9:55 am | 42 Comments »
Links 4/21/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 272 Comments »
Hissy Fit by CalPERS Board: Falsely Blames Margaret Brown for Staff Leaks of CIO Meng’s $1 Billion Giveup, Public Opposition to Staff Coup
Sports fans, it seems hard to believe, but the CalPERS board has sunk to a new low with an extended display of incompetence and pique.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal, Media watch, Ridiculously obvious scams
Posted by Yves Smith at 6:54 am | 22 Comments »
Replacing Workers Has Many Costs
Companies remains short-sighted about the cost of ditching workers.
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, The destruction of the middle class
Posted by Yves Smith at 6:46 am | 29 Comments »