WILL BE BACK LIVE MONDAY!
"In the age of the internet, the average life expectancy of a government lie can be clocked with an egg timer!" -- Michael Rivero
Never before has it been clearer how useless ESG investing has become than in the case of Silicon Valley Bank. The bank, which donated to Black Lives Matter causes and frequently touted its virtuous diversity and equity policies, has blown a hole directly through "woke" capital allocators who sought it out for this appeal.
...as opposed to...you know...the quality of the bank's assets and its ability to generate cash.
"Hundreds" of ESG managers have been stung by the Silicon Valley Bank collapse, Bloomberg has reported. A new report says that "915 funds registered under European Union regulations as either 'promoting' ESG or declaring it as their 'objective' had exposure" to the bank.
The bank "tick[ed] several boxes" for these managers, including a low carbon footprint. However, the "G" in ESG - which stands for governance - seemed to take a back seat to the "E" and the "S".
Sasja Beslik, a sustainable finance veteran who’s now the chief investment officer at NextGen ESG told Bloomberg: “There are a lot of lazy asset managers taking ESG scores for granted. The bank's failure was a sign that managers who go “all in on carbon are not necessarily managing other risks.”
As the Green Party’s fortunes sink, the fortunes of the Alternative for Germany (AfD) party rise, with the AfD now polling ahead of the Greens for the first time since 2018 in two separate surveys.
In a survey from YouGov, the AfD jumped to 17 percent, while the Greens were one point behind at 16 percent.
Because of the polarized nature of our political landscape, there is an undeclared competition among municipal officials to make their cities the most extreme, anti-borders advocates in the land. By virtue of its recently passed law that establishes city elections with no meaningful eligibility rules for voters, Mayor Muriel Bowser and the Washington, D.C. City Council have served notice that our nation’s capital takes a backseat to no one in the pro-illegal-alien woke wars.
The D.C. City Council last month passed the Local Resident Voting Rights Amendment Act, which requires only that residents live in the District for 30 days prior to becoming eligible to vote in city elections. There is no citizenship requirement, not even a lawful presence requirement. This represents a new low bar for voter eligibility. Under the act, voting rights would be extended to illegal aliens and even foreign diplomats from countries with regimes that openly despise America such as Iran and North Korea.
Under the D.C. Home Rule Act, Congress reviews all legislation passed by the city council before it can become law and retains authority over the District’s budget. As part of that review process, the GOP-led House passed a resolution to block D.C.’s voting law. Given the slim Democratic majority in the Senate and Joe Biden’s penchant for prioritizing those who violate our laws, however, Republican opposition may be insufficient to torpedo this dangerous change in the law.
In an effort to establish a "world-class" diversity, equity, and inclusion (DEI) program, the United States Air Force is actively recruiting for several senior-level DEI managers at various locations throughout the country.
Fox News Digital reports that since the beginning of March, the Air Force has posted job listings for four high-ranking DEI-related positions, each offering a minimum salary of $82,000.
The Pentagon is providing the most lucrative opportunity, with a salary exceeding $180,000 per annum. In Arlington, Virginia, the Air Force seeks to appoint a DEI official who will serve as a first-level supervisor within the Office of Diversity and Inclusion. This "supervisory diversity equity inclusion and accessibility officer" will receive an annual compensation ranging from $155,700 to $183,500. The role entails ensuring compliance with legal and regulatory requirements, meeting customer needs, and implementing world-class DEI initiatives.