Putting CalPERS under the hot lights for its questionable private equity plans.
Today's Water Cooler: Aluminum tariffs good for economy, TWO, Sanders on Jamie Dimon, Julian Castro, Pelosi, RCV in Maine, jobless claims, imports and exports, oil, intersectionality and class, Walmart rant, student loans, warehouse code of conduct, anti-labor Jones Day, cash, Eric the fish
Western countries insist both on “free trade” with poor countries and farm subsidies for themselves.
As the Brexit clock is running down, so too are the available plays.
CalPERS claims for its private equity "new business model" don't add up. That suggests there are other motives.
Yves here. Homer had this figured out long ago: “Beware of Greeks bearing gifts.” But the press has done a great job of presenting squillionaires trying to remake society along their preferred lines as disinterested philanthropy. By Lynn Parramore, Senior Research Analyst, the Institute for New Economic Thinking. Originally published at the Institute for New […]
Today's Water Cooler: Lighthizer on NAFTA, Biden trial balloons, Pelosi v. Trump v. Schumer, NC-09 election fraud, the Lochnerized First Amendment, consumer prices, business inflation expectations, real estate, Bitcoin, Tesla, corporate planning and climate, @Jack meditates, Fortnite
Sadly, an upbeat take on what "green" policies might means for jobs greatly understates the depth of economic restructuring needed to reduce the pace of climate change.
Almost everyone agrees on the analysis of what caused the yellow jacket movement: the growth of inequalities, the marginalization of certain regions and social categories, austerity and neoliberal politics. Then accounts diverge.
Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.
May looks to be hoist on her Brexit petard.
Today's Water Cooler: NAFTA, China auto tariffs, Bloomberg 2020, Beto's donors, producer price index, small business optimism, Amazon insider scams, trucking rates, supply chain for fabric, Uber's robot car software, AI, hoarding scooters, Gilded Age, love and money, MAD Magazine
Debunking the notion of meritocracy.
Why May oddly matters even more than before.
Labour wants to play a game of chicken with May over Brexit.
Politicizing the SWIFT payments system is leading other nations to the search for alternatives to the dollar.