Tag: Media watch

Hedge Fund Chatham Sends Nastygram Over NY Post Removal of “Parked Transaction” in Piece on Questionable Deals Involving American Media, Owner of National Enquirer. CalPERS Too.

At the end of this post, we have embedded a letter from the law firm Clare Locke objecting to a July post about its client, Chatham Asset Management. Chatham, through four hedge funds it manages, is the unhappy majority owner of American Media, the owner of National Enquirer and other publications. Clare Locke asked us […]

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Influential CalPERS Beneficiaries Charge Sacramento Bee With Biased Coverage

Those of you who have taken interest in the seemingly never-ending saga of CalPERS’ diseased governance and incompetence, and now the determined efforts of its executives and the majority of the board to thwart efforts to clean the institution up may have noticed how the Sacramento Bee, the newspaper CalPERS cares most about, has reliably […]

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Cheerleading for Austerity

Yves here. Yet more tired arguments for not just “Why you can’t have nice things,” but “Why you must wear the austerity hairshirt.” Peter Dorman is likely correct in seeing that this scare talk is being revved up for 2020. Can’t have Sanders or Warren, now can we? By Peter Dorman, professor of economics at […]

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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

In surprisingly speedy confirmation of a theory we presented yesterday, more evidence has emerged that some, and perhaps most, of the CalPERS board members have either lost their minds or are frightfully stupid. The object lessons today are Board President Henry Jones, and a repeat performance by Theresa Taylor, both of whom violated closed session […]

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CalPERS Board Member Theresa Taylor Breached Confidentiality, Board Engaged in Apparent Criminal Violations of Open Meeting Law in Attacks on Pro-Transparency Board Membrs

It appears that some, and perhaps most, of the CalPERS board members that shun performing their fiduciary duty and justify that by backing the staff that they abjectly fail to supervise, have either lost their minds or are frightfully stupid. Board member Theresa Taylor has made a clear-cut violation of CalPERS’ confidentiality practices in on […]

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Advertisers Blacklisting News, Other Stories with “Controversial” Words Like “Trump”

It’s no longer paranoid to say that “they” are out to kill news. First it was the Internet almost entirely displacing classified ads, which had accounted for roughly half of newspaper industry revenues in the US. The Internet also turned most people save those who are now oldsters off print newspapers, even though nothing is […]

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Dow Jones “Emasculated” in CalPERS Copyright Abuse Per Supreme Court Amicus Brief Citing Work of This Humble Blog

Yesterday, in Wall Street Journal Publisher Tells Supreme Court of Being Victimized by California, the Hollywood Reporter described in detail, based on an amicus brief filed with the US Supreme Court, how Dow Jones had tried to obtain damages for systematic copyright abuses we identified, and got way less than they thought they were entitled […]

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Doctors Argue Plans To Remedy Surprise Medical Bills Will ‘Shred’ The Safety Net

Yves here. Wowsers. Recall that when a California bill to bar so-called surprise billing, which ought to be regarded as a consumer fraud, was suddenly withdrawn due to some sort of dark force at work, the opponents didn’t even stoop to trying to offer a reason. Now we discover the reason why. They can’t come […]

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Apollo Doth Protest Too Much: Our Leon Black-Jeff Epstein Post Elicits Intervention by Apollo’s Flack

Many readers have been following with prurient interest the saga of serial child-rapist Jeffrey Epstein, and in particular media speculation connected to the Very Important People whose names and personal contacts appear in Epstein’s “Little Black Book,” seized by the FBI and currently publicly archived here, courtesy Jon Cook of Gawker. One listing that got […]

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Financial Times Goes Wobbly on Brexit No Deal Impact

The Financial Times has done a lot of important reporting on Brexit, such as being early to warn of the utter lack of customs IT systems preparedness (Customs was almost certain to be getting an inadequate upgrade planned before Brexit in place late) and on the number of agreements the UK would need to renegotiate. […]

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The “Existential Battle” Is for Control of the Democratic Party

Yves here. While I agree with Neuberger that the fight that really counts for the direction of the US is within the Democratic Party, it is unfortunate that this struggle is being personified, as in too often treated by the media and political operatives as being about Sanders. The fight is really about whether the […]

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Facebook: Mark Zuckerberg’s Fake Accounts Ponzi Scheme

Yves here. We edited this post from a version to appear on Aaron Greenspan’s website. Lambert reordered it to make the likely magnitude of Facebook fake accounts the starting point, which we see as the most damning evidence against Facebook. Most people accept the proposition that Mark Zuckerberg is running a less than trustworthy business […]

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Robert O. Paxton’s “The Five Stages of Fascism”

By Lambert Strether of Corrente The word “fascism” has been much in the news of late. Here is a chart of the year 2019 from Google Trends: Interestingly, usage is more or less flat until the first spike, when President Trump put tanks on the National Mall for July 4, and then a second, larger […]

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CalPERS’ Hedge Fund With 34% Stake in National Enquirer Parent Alleged To Be “Parking” Rather Than Selling

CalPERS got some bad press earlier this year as a result of being caught out as holding a 34% stake in the National Enquirer’s parent company, American Media Inc., right after the scandal broke over AMI’s threat to Jeff Bezos to publish some pecker pix. As we wrote at the time, “What about ‘passive investor’ […]

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How Media Workers are Organizing in the Dual Economy

Yves here. I want to quibble a bit about the idea that reporters, now apparently “media workers,” were middle and upper middle class. That is a recent development. It was not all that long ago that people from working class backgrounds dominated the ranks of reporters, although admittedly having a desk job and a byline […]

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Are Cryptocurrencies the First Crack in the Wall to Regulate Facebook?

Yves here. It’s hard to convey how incoherent and contradictory Facebook’s claims about its new payments pipe dream, Libra, are. The only reason I can fathom for Facebook touting such a obviously barmy idea was in this era of never-gonna-make-any-money unicorn darlings like Uber was that they figured there were enough true believers to give […]

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Why Is CalPERS Still So Afraid of Elisabeth Bourqui?

Those of you who follow the ever-lengthening chronicle of misconduct by CalPERS’ staff may recall l’affaire Bourqui. CalPERS is acting like it still has an awful lot to hide about her abrupt departure. In early January, Chief Investment Officer Ben Meng, who had joined mere days before, sent an e-mail which quickly got to the […]

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Hubert Horan: Will the “Train Wreck” Uber/Lyft IPOs Finally Change the Public Narrative About Ridesharing?

By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Long time readers of the Naked Capitalism series know that much […]

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Daniel Ellsberg on Julian Assange’s Espionage Charges

Yves here. While Daniel Ellsberg in this Real News Network interview describes why the Assange prosecution is a threat to journalists generally, this is not the first time the government has gone full bore after a reporter. It’s curious that none of the accounts I have seen so far mention the successful prosecution of New […]

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