Category Archives: pensions

Retirement is for rich people

Bloomberg reports on the shrinking retirement savings of the average American, as crappy 401(k)s have almost entirely displaced traditional pensions. Meanwhile, retirement payouts for executives are so obscenely out of line with the retirement savings of workers that the inequality even dwarfs … Continue reading

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Private equity parasitism – a useful introduction

The Naked Capitalism blog is launching a useful series of posts on private equity funds (like Carlyle or Mitt Romney’s Bain Capital). The initial post points out that private equity funds’ great returns are wildly overstated, except for the fund … Continue reading

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