By Lambert Strether of Corrente Readers, I had a schedule debacle and so this Water Cooler is at present shockingly truncated. I’ll update in a rolling fashion section by section. I hope there’s enough here to get you going. –lambert UPDATE All done. Politics “But what is government itself, but the greatest of all reflections […]
Wednesday, August 21, 2019
California is leading a trend of climate-change-induced insurance redlining.
Posted by Yves Smith at 6:55 am |
Crooked Conflict of Interest: CalPERS Board Member Lisa Middleton Pushed Radical Changes to Board Schedule to Solve Her Personal Schedule Conflict
New CalPERS board member Lisa Middleton behaved dishonestly by failing to recuse herself and worse, advocating for massive changes to CalPERS board meetings to solve a personal scheduling issue.
CalPERS’ Secret Investigation of Hiring Practices Shows Glaring Deficiencies; Has the Board Been Kept in the Dark?
CalPERS set out to hide the results of an audit of its hiring practices. That not surprising, since we have the key pages that show it got bad grades.
Topics: Guest Post
Posted by Yves Smith at 12:03 am |
Quelle surprise! The shale industry is still a big loser.
Today’s Water Cooler: The dollar, Biden, Harris, Inslee, Sanders, Trump, Warren, Williamson, Obama’s first film, Susan Sarandon Derangment, Epstein, redistricting, Amazon, WeWork, Apple, Boeing, consumer data, vaping, climate and teeth, gut microbiota, cannabis, self-citing scientists
What city will be next to admit it has a lead problem? Why yours might be closer than you think.
Posted by Lambert Strether at 6:58 am |
CalPERS Engineering Board Resignation: Underhanded, Dishonest Plans to Cut Investment Meetings of Poorly Performing Fund by More Than 50%, Shrink Investment Committee
The first of a two-part series describing the process and substance with which CalPERS staff is trying to engineer a de facto resignation of its board.
CalPERS Engineering Board Resignation: “Attempted Coup” via Unconstitutional, Fiduciary-Duty-Violating “Code of Conduct”
Just when you think CalPERS can’t sink any lower, it manages to outdo itself, this time, with an illegal governance monstrosity masquerading a code of conduct.
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
The hypocrisy of CalPERS’ board is on full display yet again.
38 manufacturing industries continue to decline and nine of 10 of these industries are the critical industries that are fundamental to the manufacturing process
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 |
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 |