Commentary The failure of three banks in the last two weeks, including Silicon Valley Bank on Friday and Signature Bank on Sunday, is a saga of utter government incompetence. Call these bank collapses Biden administration’s Banking Busts. The Biden administration has been obsessing on woke causes while banks teeter toward insolvency. Three days before Silicon…
Biden Admin’s Banking Busts
March 15, 2023
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banking crisisbidenclimate changeESGFederal Reserveinflationinterest ratesJanet Yellenjerome powellOpinionSignature BankSilicon Valley BankSilicon Valley Bank CollapseSVBU.S. economyViewpointsWashington Mutualwoke
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Epoch Times Documentary Catalogues Government, Corporate Collusion in Left-Wing ESG Movement
The Epoch Times on March 3 unveiled “The Shadow State,” an exclusive documentary describing the Environmental, Social, and Governance (ESG) movement that has become increasingly popular among the most powerful corporate and governmental institutions. “The Shadow State,” directed and narrated by The Epoch Times’ Kevin Stocklin, describes how left-wing social positions are being pushed increasingly…
No—ESG Doesn’t Offer Investors More Choices, Nor Is It Part of the Free Market
Commentary On Feb. 28, Sen. Chuck Schumer (D-N.Y.) wrote an impassioned appeal in The Wall Street Journal for Republicans to support environmental, social, and governance (ESG) scores because ESG ostensibly represents the free market at work, by offering investors more “choices.” Schumer appears to be deeply confused about how ESG operates. Or, more likely, he’s…
ESG Is ‘Sold on a False Promise’: NYU Professor Damodaran
Distinguished professor of finance at NYU’s Stern School of Business Aswath Damodaran speaks his mind on environmental, social and governance (ESG). “ESG is built on quicksand,” Damodaran says. “There are services, and advocates of ESG have no idea what they’re measuring, and they keep changing their mind.” He also explains why ESG is built on…
Bank of America CEO Proclaims ‘We Are Capitalists’ After Critics Blast ESG Stance
March 8, 2023
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Bank of AmericaBusiness & MarketsCompanieseconomic policieseconomyESGInvestmentPolicies & ImpactsPoliticsSocial IssuesUSUS News
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Bank of America CEO Brian Moynihan told shareholders this week that “we are capitalists,” after a massive backlash from critics over his bank’s stance on the environmental, social, and governance (ESG) agenda. The head of America’s second-largest bank is under heavy fire as Wall Street executives face increasing criticism across the country for adopting progressive…
Trading Places: Democrats Back Corporations as GOP Punishes Them
March 2, 2023
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Business & MarketsCharles Schumereconomic policieseconomyenergyESGGov. Ron DeSantispension plansPolicies & ImpactsPoliticsretirement savingsUSUS News
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The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov. Ron DeSantis,…
Democrats Back Corporations as GOP Punishes Them
March 2, 2023
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Business & MarketsCharles Schumereconomic policieseconomyenergyESGGov. Ron DeSantispension plansPolicies & ImpactsPoliticsretirement savingsUSUS News
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News Analysis The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov….
Senate Votes to Block Biden’s ESG Investment Rule, President Set to Veto Measure
The U.S. Senate has voted to block a Department of Labor (DOL) rule that allows retirement managers to consider environmental, social, and governance (ESG) factors when determining where to invest funds. The March 1 vote fell largely along party lines, with most Democrats voting against the joint resolution disapproving of the rule, and Republicans voting…
Tester to Join Manchin to Overturn Biden Climate Agenda Rule, Ensuring Bill Goes to President’s Desk
Sen. Jon Tester (D-Mont.) announced on March 1 he will join Sen. Joe Manchin (D-W.Va.) in voting to overturn a Biden administration rule that permits money managers to consider environmental, social, and governance (ESG) in deciding where to invest retirement funds. “At a time when working families are dealing with higher costs, from health care…
Tester to Join Manchin to Overturn Biden ESG Investment Rule, Ensuring Bill Goes to President’s Desk
Sen. Jon Tester (D-Mont.) announced on March 1 he will join Sen. Joe Manchin (D-W.Va.) in voting to overturn a Biden administration rule that permits money managers to consider environmental, social, and governance (ESG) in deciding where to invest retirement funds. “At a time when working families are dealing with higher costs, from health care…
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