As CalPERS Doubles Down on Private Equity, New Analysis Finds CalPERS’ Private Equity Returns “Based on a Mirage;” Another Study Reaffirms that Private Equity Drags Down Performance

As we’ve described at length over the years, pension funds like CalPERS are violating their fiduciary duties when they invest in private equity. Remember that a basic requirement is to…

Continue ReadingAs CalPERS Doubles Down on Private Equity, New Analysis Finds CalPERS’ Private Equity Returns “Based on a Mirage;” Another Study Reaffirms that Private Equity Drags Down Performance

CalPERS Continues to Endanger Employees During Extended Covid Surge Over Union Objections; Falsely Said It Was Complying With California Requirements; Appears To Be Understating Case Count

Readers may recall that last month we broke the story of CalPERS’ gross negligence on the workplace safety front. The short version is that despite having a persistent high level…

Continue ReadingCalPERS Continues to Endanger Employees During Extended Covid Surge Over Union Objections; Falsely Said It Was Complying With California Requirements; Appears To Be Understating Case Count

Lithuania’s Step Too Far — Blockade of Kaliningrad Draws No Support from US, UK, EU, NATO, as Russia Prepares “Practical Steps”, “No Diplomacy”

Yves here. Even though our alert readers have taken note of Lithuania’s blockade of Kaliningrad, which is part of Russia, the Western press has largely ignored it, despite the move…

Continue ReadingLithuania’s Step Too Far — Blockade of Kaliningrad Draws No Support from US, UK, EU, NATO, as Russia Prepares “Practical Steps”, “No Diplomacy”

German Neutrality Was More Important than NATO Expansion – A New History Book Explains Why Gorbachev Gave It Away for Nothing

Yves here. It’s funny how if you’ve had no particular reason to examine key junctures of history to overlook how key decisions set events moving down a particular road. It’s…

Continue ReadingGerman Neutrality Was More Important than NATO Expansion – A New History Book Explains Why Gorbachev Gave It Away for Nothing