The ESG movement in the investment world is forcing companies to adopt socialist policies as a way to stay in business, according to Andy Puzder, a visiting fellow at the Heritage Foundation and author of “The Capitalist Comeback.” We speak with Andy Puzder about environmental, social, and governance (ESG) and how this has been working…
[Premiering 10:30 AM ET] ESG Is a Socialist Plot, Disguised as the Free Market: Andy Puzder
FedEx CEO Anticipates ‘Worldwide Recession,’ Says Company Closing Down Stores
FedEx CEO Raj Subramaniam has sounded the alarm on a global recession after the company revealed it will be closing multiple stores amid “significantly worsened” macroeconomic trends. Subramaniam made the comment during an interview with CNBC’s Jim Cramer on Thursday, when asked if he believed the economy was heading toward a “worldwide recession.” “I’m not an…
[Premiering 9/16, 10:30 AM ET] ESG Is a Socialist Plot, Disguised as the Free Market: Andy Pudzer
The ESG movement in the investment world is forcing companies to adopt socialist policies as a way to stay in business, according to Andy Pudzer, a visiting fellow at the Heritage Foundation and author of “The Capitalist Comeback.” We speak with Andy Pudzer about environmental, social, and governance (ESG) and how this has been working…
Billionaire Patagonia Founder Gives Entire Company Away
The billionaire founder of outdoor fashion retailer Patagonia has given the entire company away in an effort to help combat climate change, he announced on Wednesday. Yvon Chouinard, 83, announced the move in a letter posted to the company’s website, entitled “Earth is now our only shareholder.” The businessman stated that ownership of the company has been transferred to…
Senator Concerned Australian Pension Funds Could Seek Out China Market
September 15, 2022
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Sen. James Paterson says he is concerned Australian pension funds (superannuation) could seek out investment opportunities in countries run by authoritarian regimes like China. “We’re not as big a global investor as the United States is, but our superannuation industry—our pensions funds—are increasingly large and are really outgrowing the Australian economy and need to invest…
August Inflation Should Scare Democrats
September 14, 2022
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Business & MarketsBusiness Columnistsconsumerseconomic policieseconomyFederal Reservegas pricesinflationInvestmentMarketsrecessionstocks
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Commentary August headline inflation printed at double the market expectation (+0.1 percent predicted vs. -0.1 actual), or 8.3 percent for the 12 months through August, unadjusted. On Sept. 13, the Dow Jones Industrial Average closed down more than 1,270 points, or nearly 4 percent. The benchmark S&P 500 Index fell more than 4 percent and…
American Banks Lost Record $370 Billion in Deposits in Second Quarter: FDIC
American banks lost a record $370 billion in deposits in the second quarter, the first decline since 2018, according to the Federal Deposit Insurance Corporation in its quarterly summary. FDIC insured commercial banks and savings institutions had a net income of $64.4 billion in the quarter, down 8.5 percent year over year, primarily due to…
Investing: How to Play a Shifting Economy
September 13, 2022
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By Kim Clark From Kiplinger’s Personal Finance U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. But now, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home, says…
‘E’ in ESG Is a Trojan Horse for Radical Social Ideologies: W. Virginia’s Treasurer
September 13, 2022
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Business & Marketseconomic policieseconomyenergyEnvironmentESGFloridaInvestmentLocal NewsMarketsNatConPolicies & ImpactsRegional-Local NewsRiley MooreSciencestocksUSWest Virginia
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West Virginia’s status as a coal-producing state has pitted it against the “E” in the environmental, social and governance (ESG) movement. Yet, the “S” and “G” may cause problems too, according to West Virginia Treasurer Riley Moore. Moore spoke with EpochTV’s Jan Jekielek on Sept. 12 at the National Conservatism Conference (NatCon) in greater Miami….
Wall Street Should Be Honest About the ‘G’ in ESG Investing
September 13, 2022
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Commentary Note: This is the third of a three part series on ESG—environmental, social, and governance—investing. Two previous columns addressed the environmental and social elements of ESG investing. Here, we discusses the last element, corporate governance. In this third discussion of ESG investing, we see how governance—as with “social”—arises not from what it was intended…
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