Good Riddance: CalPERS’ Atrocious General Counsel Matt Jacobs to Retire

Economics / Leave a Comment

Why, pray tell, would the nation’s biggest public pension fund that also runs its own health insurance program hire a general counsel with no experience whatsoever in investment management, financial regulatory compliance, insurance, government public disclosure and other state agency requirements, and instead had been a private sector criminal defense attorney? Oh, and by credible […]

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Kids content on streaming is king as media companies chase profits

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Cartoon characters from the children’s show “Bluey” are displayed during the Brand Licensing Europe event at ExCel, in London, Oct. 4, 2023. John Keeble | Getty Images News | Getty Images In the battle among streaming services to capture and keep subscribers, kids’ shows like “CoComelon” and “Bluey” are becoming powerful tools to help win

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How family offices can protect profits with family members on payroll

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Fluxfactory | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Joshua Gentine grew up playing hide-and-seek in his family’s cheese factory in Wisconsin. His late grandfather Leonard

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The All-Round Madness of Trump’s Tomato Tariffs

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The Trump administration accuses Mexico of “dumping” tomatoes on the US — something the US would never dream of doing with the agricultural goods it sends to Mexico (sarc). The Trump administration continues to escalate its economic war against its largest trade partner, Mexico. In recent weeks alone, Washington has imposed potentially fatal sanctions on

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Uneven Vulnerabilities: A Global Index of Climate Risk for Countries

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Yves here. The post below summarizes an important post published by the European Investment Bank, which estimated climate risk for 170 countries. Needless to say, this is a very important exercise and one hopes other experts will seek to refine it. Even using a pdf compressor, the study proper was too large to embed, but

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Why Inflation Sticks Around: The Role of Class Warfare in Price Persistence

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Yves here. This post makes an extremely useful observation, even though it is a bit more in economese than is ideal, despite it being aimed at generalist readers. It effectively makes the point that class warfare is a significant factor in why inflation persists. But oddly the author is loath to use the phrase “class

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