Reposted by Jim Kane
@jeffhauser.bsky.social says it best: "Only insane people would seek out the counsel of a man who relies on Jeffrey Epstein for dating advice and Milton Friedman for economic inspiration.”
Summers story updates:
1-Official Project 2029 effort says they have nothing to do with Summers
2-But they are taking ideas from many groups, including CAP. Emails show CAP internally describing their effort as "Project 2029"
3-CAP's Neera Tanden was on the Project 2029 advisory board but left
1-Official Project 2029 effort says they have nothing to do with Summers
2-But they are taking ideas from many groups, including CAP. Emails show CAP internally describing their effort as "Project 2029"
3-CAP's Neera Tanden was on the Project 2029 advisory board but left
Epstein Confidant Larry Summers Guiding CAP’s ‘Project 2029’ - The American Prospect
Summers was overseeing the economic policy plank of the Center for American Progress’s effort. Emails released this week show him in regular contact with Jeffrey Epstein.
prospect.org
November 14, 2025 at 9:12 PM
@jeffhauser.bsky.social says it best: "Only insane people would seek out the counsel of a man who relies on Jeffrey Epstein for dating advice and Milton Friedman for economic inspiration.”
Reposted by Jim Kane
Excited to see more coverage of US municipal finance
Budget NYC | Andrew Perry
Image and reality of New York City’s finances
www.phenomenalworld.org
November 14, 2025 at 3:42 AM
Excited to see more coverage of US municipal finance
Really going out on a limb here...
"Fees to private markets managers were a particular concern for Meier, who told attendees that 'we need to be very aware of the fact that we may be overpaying fees relative to the outcomes'."
"Fees to private markets managers were a particular concern for Meier, who told attendees that 'we need to be very aware of the fact that we may be overpaying fees relative to the outcomes'."
‘My honest assessment is it ends badly’ – NYC pensions’ CIO on retail investing
Outgoing CIO Steven Meier delivered a candid prediction at the Infrastructure Investor Network’s America Forum in New York.
www.infrastructureinvestor.com
November 14, 2025 at 1:18 PM
Really going out on a limb here...
"Fees to private markets managers were a particular concern for Meier, who told attendees that 'we need to be very aware of the fact that we may be overpaying fees relative to the outcomes'."
"Fees to private markets managers were a particular concern for Meier, who told attendees that 'we need to be very aware of the fact that we may be overpaying fees relative to the outcomes'."
This is up there with "Sinn Fein Leaders Demand Year-Round Shamrock Shake Availability" on my list of all-time Onion bangers.
‘No! Not Larry Summers!’ Wails Devastated Nation
‘No! Not Larry Summers!’ Wails Devastated Nation
WASHINGTON—Responding to recent revelations suggesting the prominent economist was a close associate of the late child sex trafficker Jeffrey Epstein, a devastated nation reportedly joined together to...
theonion.com
November 13, 2025 at 10:01 PM
This is up there with "Sinn Fein Leaders Demand Year-Round Shamrock Shake Availability" on my list of all-time Onion bangers.
Reposted by Jim Kane
🔥🔥🔥
November 13, 2025 at 5:32 PM
🔥🔥🔥
I had missed this detail from BlackRock world...
November 13, 2025 at 3:06 PM
I had missed this detail from BlackRock world...
Reposted by Jim Kane
I got to write about our global waste problem for @lrb.co.uk, in dialogue with 3 really good books, by @alexclapp.bsky.social, Oliver Franklin-Wallis and John Scanlan.
You can read it here:
You can read it here:
Brett Christophers · Assume the worst: Where our waste goes
Just as Big Oil has repeatedly failed to deliver on pledges to begin decarbonising, so too the promises of plastics...
www.lrb.co.uk
November 13, 2025 at 8:14 AM
I got to write about our global waste problem for @lrb.co.uk, in dialogue with 3 really good books, by @alexclapp.bsky.social, Oliver Franklin-Wallis and John Scanlan.
You can read it here:
You can read it here:
Reposted by Jim Kane
Disturbing read with striking charts, especially on the new capital goods trade deficit with China and on the share of sectors in which DE and CN share a comparative advantage.
People have been warning that the export-led model was headed for this wall for many years...
www.ft.com/content/239e...
People have been warning that the export-led model was headed for this wall for many years...
www.ft.com/content/239e...
November 12, 2025 at 9:03 AM
Disturbing read with striking charts, especially on the new capital goods trade deficit with China and on the share of sectors in which DE and CN share a comparative advantage.
People have been warning that the export-led model was headed for this wall for many years...
www.ft.com/content/239e...
People have been warning that the export-led model was headed for this wall for many years...
www.ft.com/content/239e...
Reposted by Jim Kane
Today's new @publicenterprise.bsky.social report is a comprehensive analysis of the capital structure of the entire AI sector: data center real estate, GPU markets, private credit, you name it.
It's also a financial risk management framework for policymakers!
publicenterprise.org/report/bubbl...
It's also a financial risk management framework for policymakers!
publicenterprise.org/report/bubbl...
Bubble or Nothing
Policymakers concerned about the deployment of clean energy and compute-focused infrastructure over the long term need a framework for managing the uncertainty in the AI sector's investment landscape—...
publicenterprise.org
November 12, 2025 at 1:34 PM
Today's new @publicenterprise.bsky.social report is a comprehensive analysis of the capital structure of the entire AI sector: data center real estate, GPU markets, private credit, you name it.
It's also a financial risk management framework for policymakers!
publicenterprise.org/report/bubbl...
It's also a financial risk management framework for policymakers!
publicenterprise.org/report/bubbl...
Various elements of our climate shitshow come together perfectly in the Chevron-powered AI data center.
Chevron Picks West Texas for First AI Data Center Power Project
Chevron Corp. chose West Texas as the site of its first project to provide natural gas-fired power to a data center, the beginning of a new line of business for the oil giant to capitalize on the boom...
www.bloomberg.com
November 12, 2025 at 1:22 PM
Various elements of our climate shitshow come together perfectly in the Chevron-powered AI data center.
"One measure being discussed would require these index-fund managers to mirror their votes in line with clients who choose to vote."
I imagine BlackRock et al -- who are looking for an escape hatch from trying to simultaneously be pro/anti-ESG depending on the context -- would be fine with this.
I imagine BlackRock et al -- who are looking for an escape hatch from trying to simultaneously be pro/anti-ESG depending on the context -- would be fine with this.
Exclusive | White House Explores Rules That Would Upend Shareholder Voting
Officials are discussing limits on influential proxy advisers including ISS and index-fund giants such as BlackRock.
www.wsj.com
November 12, 2025 at 12:05 PM
"One measure being discussed would require these index-fund managers to mirror their votes in line with clients who choose to vote."
I imagine BlackRock et al -- who are looking for an escape hatch from trying to simultaneously be pro/anti-ESG depending on the context -- would be fine with this.
I imagine BlackRock et al -- who are looking for an escape hatch from trying to simultaneously be pro/anti-ESG depending on the context -- would be fine with this.
OK, I suppose that AI hallucinations couldn't make the performance numbers PE guys use any more ridiculous.
Private equity group Vista to cut staff in favour of AI
Software-focused buyout shop will use technology to trim roles making investor presentations and aggregate data
on.ft.com
November 12, 2025 at 11:56 AM
OK, I suppose that AI hallucinations couldn't make the performance numbers PE guys use any more ridiculous.
Reposted by Jim Kane
My paper on ordoliberal influence on early EU integration has just been published by @conteurohistory.bsky.social. A ton of gratitude to @manumourlon.bsky.social for organising the @eui-eu.bsky.social conference where this was first presented and for his help since www.cambridge.org/core/journal...
November 12, 2025 at 7:31 AM
My paper on ordoliberal influence on early EU integration has just been published by @conteurohistory.bsky.social. A ton of gratitude to @manumourlon.bsky.social for organising the @eui-eu.bsky.social conference where this was first presented and for his help since www.cambridge.org/core/journal...
Reposted by Jim Kane
White House is exploring new measures to curb the influence of proxy advisers and index-fund managers: "...could include a broad ban on shareholder recommendations or an order blocking recommendations on companies that have engaged proxy advisers for consulting work"
www.wsj.com/finance/regu...
www.wsj.com/finance/regu...
Exclusive | White House Explores Rules That Would Upend Shareholder Voting
Officials are discussing limits on influential proxy advisers including ISS and index-fund giants such as BlackRock.
www.wsj.com
November 12, 2025 at 2:07 AM
White House is exploring new measures to curb the influence of proxy advisers and index-fund managers: "...could include a broad ban on shareholder recommendations or an order blocking recommendations on companies that have engaged proxy advisers for consulting work"
www.wsj.com/finance/regu...
www.wsj.com/finance/regu...
November 11, 2025 at 8:09 PM
Reposted by Jim Kane
Palantir update via www.wired.com/story/alex-k...
November 11, 2025 at 4:34 PM
Palantir update via www.wired.com/story/alex-k...
take the politics out of pensions = remove it as far as possible from democratic control.
from Pitchbook's "Capital Pool" newsletter pitchbook.com/tag/capital-...
from Pitchbook's "Capital Pool" newsletter pitchbook.com/tag/capital-...
November 11, 2025 at 2:13 PM
take the politics out of pensions = remove it as far as possible from democratic control.
from Pitchbook's "Capital Pool" newsletter pitchbook.com/tag/capital-...
from Pitchbook's "Capital Pool" newsletter pitchbook.com/tag/capital-...
Anyone lost their cat?
November 11, 2025 at 11:50 AM
Anyone lost their cat?
"The top 20 asset managers now control $66 trillion — 47% of the top 500 firms’ total AUM... BlackRock, the largest asset manager in the world, controlled $11.5 trillion in assets as of Dec. 31 — more than 8% of the total for the top 500 managers and up 13% from the end of 2023."
Largest managers’ assets jump 9.4% in 2024, with alts managers showing fastest growth
Assets under management for the 500 largest money managers in the world rose 9.4% in 2024 to $139.9 trillion, with the top 20 firms taking an even bigger slice of that total, according to the latest r...
www.pionline.com
November 11, 2025 at 11:37 AM
"The top 20 asset managers now control $66 trillion — 47% of the top 500 firms’ total AUM... BlackRock, the largest asset manager in the world, controlled $11.5 trillion in assets as of Dec. 31 — more than 8% of the total for the top 500 managers and up 13% from the end of 2023."
“Israel’s parliament has backed a controversial bill that seeks to impose a mandatory death sentence on Palestinians who kill Jewish Israelis for nationalist reasons, but not on Jewish Israelis who kill Palestinians.”
Israeli parliament backs death sentences bill targeting Palestinians
Bill passed by 39 votes to 16 but must clear two more parliamentary votes to become law
on.ft.com
November 11, 2025 at 11:03 AM
“Israel’s parliament has backed a controversial bill that seeks to impose a mandatory death sentence on Palestinians who kill Jewish Israelis for nationalist reasons, but not on Jewish Israelis who kill Palestinians.”
Reposted by Jim Kane
How to make sense of China’s rise? For Phenomenal World I wrote something on its changing role in global finance.
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
November 10, 2025 at 8:05 AM
How to make sense of China’s rise? For Phenomenal World I wrote something on its changing role in global finance.
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
Adding funds with exit queue's to 401(k) options will be fun...
"However, for some time—no one at Indian River Shores is sure for how long—the Intercontinental fund has been “gated,” restricting redemptions to small amounts..."
"However, for some time—no one at Indian River Shores is sure for how long—the Intercontinental fund has been “gated,” restricting redemptions to small amounts..."
This Small-Town Pension Fund Has a Warning for Millions of Retirement Savers
If you think cashing out of a private fund is easy, just ask a guy who used to manage $750 billion.
www.wsj.com
November 9, 2025 at 7:31 PM
Adding funds with exit queue's to 401(k) options will be fun...
"However, for some time—no one at Indian River Shores is sure for how long—the Intercontinental fund has been “gated,” restricting redemptions to small amounts..."
"However, for some time—no one at Indian River Shores is sure for how long—the Intercontinental fund has been “gated,” restricting redemptions to small amounts..."
Reposted by Jim Kane
This is what deindustrialization in a carbon shock therapy setting looks like. If the state doesn’t do the planning and redistribute any remaining surpluses downward, private equity will do the planning and redistribute any remaining surpluses upward (and out of country).
on.ft.com/3WNWnA9
on.ft.com/3WNWnA9
November 9, 2025 at 11:36 AM
This is what deindustrialization in a carbon shock therapy setting looks like. If the state doesn’t do the planning and redistribute any remaining surpluses downward, private equity will do the planning and redistribute any remaining surpluses upward (and out of country).
on.ft.com/3WNWnA9
on.ft.com/3WNWnA9
Reposted by Jim Kane
What the fuck
November 7, 2025 at 5:16 PM
What the fuck