Macro
Recent Items Tech Giants Trying to Use WTO to Colonize Emerging Economies - 12/14/2017 - Yves Smith Links 12/14/17 - 12/14/2017 - Jerri-Lynn Scofield Incoming Board Member Margaret Brown Criticizes CalPERS’ Plan to Hurt Beneficiaries by Hiring Unnecessary, High-Priced Private Equity Middlemen; CalPERS Violates Open Meeting Rules by Advancing Plan in Secret - 12/14/2017 - Yves Smith The Crisis Ahead: The U.S. Is No Country for Older Men and Women - 12/14/2017 - Yves Smith Student...
Read More »Reform Candidate for CalPERS Board, Margaret Brown, Beats Incumbent Handily; Staff and Board Apparently Shell-Shocked
Recent Items Three Surprises on Climate Change from Economist Michael Grubb - 12/13/2017 - Yves Smith Links 12/13/17 - 12/13/2017 - Jerri-Lynn Scofield Reform Candidate for CalPERS Board, Margaret Brown, Beats Incumbent Handily; Staff and Board Apparently Shell-Shocked - 12/13/2017 - Yves Smith LEAKED: Head Of FCC Mocks Impending Destruction Of The Internet - 12/13/2017 - Yves Smith Doug Jones Scores Upset in Alabama Senate Race - 12/12/2017 - Yves Smith 2:00PM Water Cooler...
Read More »New Study Undermines Rationale for Investing in Private Equity and CalPERS Strategy in Particular, as Oregon CIO Demonstrates that Public Pension Funds Are Dumb Money
Recent Items Links 11/20/17 - 11/20/2017 - Lambert Strether New Study Undermines Rationale for Investing in Private Equity and CalPERS Strategy in Particular, as Oregon CIO Demonstrates that Public Pension Funds Are Dumb Money - 11/20/2017 - Yves Smith Michael Klare: The Trump Doctrine: Making Nuclear Weapons Usable Again - 11/20/2017 - Jerri-Lynn Scofield “The Medical Cost Reduction Act of 2017” - 11/20/2017 - Yves Smith Hope to See You at Our Birmingham Meetup Today! -...
Read More »Is the Sacramento Bee in the Business of Protecting CalPERS?
Recent Items Links 11/14/17 - 11/14/2017 - Yves Smith Powell’s Federal Reserve - 11/14/2017 - Yves Smith Is the Sacramento Bee in the Business of Protecting CalPERS? - 11/14/2017 - Yves Smith The Super Wealthy Oxycontin Family Supports School Privatization With Tactics Similar to Those That Fueled the Opioid Epidemic - 11/14/2017 - Yves Smith 2:00PM Water Cooler 11/13/2017 - 11/13/2017 - Lambert Strether John Helmer: Oleg Deripaska, Russian Oligarch Accused of Buying Influence...
Read More »CalPERS Calls The Top: Largest Public Pension Fund Mulls Dumping $50 Billion Of Stocks
Is the largest public pension fund in the United States getting ready to dump about $50 billion worth of stocks? According to a new note from Bloomberg, CalPERS' board is meeting for a workshop today in Sacramento to discuss asset allocations for the upcoming year which could include a doubling of the fund's bond allocation from 19% to 44% which would be funded with a massive $50 billion sell down of equities. Calpers is looking at a menu of options for its fixed-income target...
Read More »CalPERS Corruption Watch: Chief Investment Officer Ted Eliopoulos Takes Illegal Business Solicitations From Recent Employee
Recent Items CalPERS Corruption Watch: Chief Investment Officer Ted Eliopoulos Takes Illegal Business Solicitations From Recent Employee - 11/09/2017 - Yves Smith Links 11/9/17 - 11/09/2017 - Lambert Strether Why You Should NEVER Buy an Amazon Echo or Even Get Near One - 11/09/2017 - Yves Smith European Worries About Isolationist Trends - 11/09/2017 - Yves Smith LA School Board Ready to Rumble Over Charter Schools - 11/09/2017 - Yves Smith 2:00PM Water Cooler 11/8/2017 -...
Read More »CalPERS’ Three Card Monte: Makes Unheard of Benchmark Change to Hide Expected Poor Private Equity Performance to Help Staff at Expense of Beneficiaries, California Taxpayers
Recent Items 2:00PM Water Cooler 11/7/2017 - 11/07/2017 - Lambert Strether The Real Economic Consequences of Martin Luther - 11/07/2017 - Yves Smith Links 11/7/17 - 11/07/2017 - Yves Smith Extreme Poverty Cut in Half? Only in the Minds of the Capitalists - 11/07/2017 - Yves Smith CalPERS’ Three Card Monte: Makes Unheard of Benchmark Change to Hide Expected Poor Private Equity Performance to Help Staff at Expense of Beneficiaries, California Taxpayers - 11/07/2017 - Yves Smith...
Read More »“It’s Not Sustainable” – Sacramento Lashes Out At Calpers After Raising Pension Payments
In the latest sign that America’s looming pension crisis is inching closer to an all-our collapse that will inevitably end in a series of bailouts – or worse, the failure to pay out retiree’s coveted benefits - a handful of California cities are lashing out at CALPers after being forced to hike pension contributions to offset expectations for long-term returns that have been revised lower by the state pension system. Ten of the largest local governments in the capital region...
Read More »California Secretary of State Gives Unprecedented Qualified Certification for CalPERS Board Election; Vendor Everyone Counts Bars Public Viewing and Fails to Tabulate Paper Ballots as Required
Recent Items California Secretary of State Gives Unprecedented Qualified Certification for CalPERS Board Election; Vendor Everyone Counts Bars Public Viewing and Fails to Tabulate Paper Ballots as Required - 10/24/2017 - Yves Smith Links 10/24/17 - 10/24/2017 - Lambert Strether Measuring Racial Segregation in Urban Consumption Using Online Activity - 10/24/2017 - Lambert Strether Shocking the Shock Doctrine: What Recovery in Puerto Rico Could Look Like - 10/24/2017 - Yves Smith...
Read More »How Naked Capitalism Got Me to Run for Office
Recent Items John Helmer: Lunatic Russia-Hating in Washington Is 70 Years Old. It Started with Joseph Alsop, George Kennan and the Washington Post - 10/12/2017 - Yves Smith Links 10/12/17 - 10/12/2017 - Lambert Strether How Naked Capitalism Got Me to Run for Office - 10/12/2017 - Yves Smith Does Catalonia Have a Right to Secede? - 10/12/2017 - Yves Smith Trump Administration Picks Bizarre Fight With IMF Over Report Backing Taxing the Rich - 10/12/2017 - Yves Smith On the Cost...
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