Tuesday, May 22, 2018

2:00PM Water Cooler 5/22/2018

Today’s Water Cooler: Temporarily open thread.

Politico’s Hit Piece on Our Revolution (and Bernie Sanders)

Our Revolution in disarray?

Will TSB Ever Be Completely Fixed?

TSB’s IT meltdown has dissappeared from mainstream media headlines. But is that the end of the story?

Links 5/22/18

Wolf Richter: Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge”

The ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.

Charles Asubonten Has Left CalPERS; Los Angeles Times’ Mike Hiltzik Questions Competence of Executives

Chief Financial Officer Charles Asubonten has exited CalPERS.

Gaius Publius: Progressive Democrats Help Enshrine “Blue Lives Matter” Into Law

“Progressive” Democrats back “Blue Lives Matter,” an effort designed to undermine Black Lives Matter.

2:00PM Water Cooler 5/21/2018

Today’s Water Cooler: China trade, Cory Booker, 2018 primaries, Mueller investigation, non-reformist reforms, national activity, oil, Theranos, Amazon, resistance, nothingness, pedestrians

CalPERS CIO Ted Eliopoulos Tells 5 Big Lies in Presenting Super Indirect Private Equity Scheme

CalPERS’ Chief Investment Officer Ted Eliopoulos seemed unable to offer a truthful, coherent rationale for two new private equity schemes he unveiled last Friday. CalPERS beneficiaries and California taxpayers should be worried.

Planet or Plastic

Planet or Plastic: more than individual solutions will be necessary to solve the problem. This is not a left/right issue.

Links 5/21/18

Playing Trump for Peace: How the Korean Peninsula Could Become a Bright Spot in a World Gone Mad

John Feffer focuses on how the US should allow the Koreans can do the real work, the historic work, the breakthrough work, of knitting the peninsula back together.

How Putting Shareholders First Harms Investors, Corporations, and the Public

Why “shareholders come first,” an ideology that became widely accepted only in the last 30 years, is a poor guide for managing companies.

Don’t Miss Our Birmingham Meetup This Wednesday, May 23

Hope you can make our Birmingham meetup this Wednesday!

Payday Lending Rule Survives…For Now

Congress has failed to use Congressional Review Act procedures to scupper the payday lending rule. Pending CFPB and court challenges may still doom the measure.