Chip Bok for March 08, 2023

That ever-widening wealth gap sure is a b’tch, isn’t it?

Maybe we should do something to reign in corporate greed before we’re all broke.

You could sell the energy back itnot a complete loss is it?

that’s your own money maker. use what you need and sell the rest.

Maybe the govt. should stop giving money to Elon.

Whaddya think, Bok?

Is it better to give it to the oil and gas companies, or corporate bailouts for their bad decisions?

Bat slicers and bird chompers.

Even in the delusional world of Bok, this makes no sense.

Bok told Henry Ford “Get a horse!”

Bok told the Wright Brothers “If God wanted man to fly, he’d have given us wings!”

The earthbis flat and the Moon is made of green cheese, right Bok?

I’m a lot more worried about what repubs’ plan to play chicken with defaulting on the debt will do to my retirement funds, than what investing in winning the energy race will do.

And now, the Q-publican party has come out in favor of government control of investment.

Oh, you don’t understand? Permit me to explain:

The bill in Congress says funds/investment houses CANNOT consider ESG when making investments. The current rule says they are PERMITTED to consider such. Not mandated or must or shall, PERMITTED.

So the investment companies lose (in theory) the ability to consider some matters they MAY or MAY NOT deem important in decided on where to invest.

Ah, that sweet smell of Q-publican control of business decisions. Stinks like burning plastic.

At least when the civil war comes they will have electricity thanks to their planning ahead

How obscure can you get? Did you notice lying FOX propaganda is trying to create a civil war in this country?

Tax the rich

I’ve instructed my fiduciary to invest considering ESG for a LONG time. My 401K is doing quite well and I am investing the the future health of the country and the world. Many universities and other investors have stopped investing in fossil fuels, which is why Repubs are against ESG as it will hurt their donors providing bribes.

Fossil fuel companies have a history of destruction that the taxpayers have to pay for. Coal compamnies used mountain-top removal while promising to fix the damage; then they declare bankruptcy and walk away. Multiple oil spills and leaks, Superfund sites, and the list goes on.

On Wednesday, Biden celebrated pharmaceutical giant Eli Lilly’s announcement that it would slash and cap the cost of insulin. Earlier in the week, the Commerce Department announced it would require chipmakers to offer plans for affordable child care to qualify for more than $50 billion in subsidies. And three major airlines responded to Biden’s call in the State of the Union to eliminate fees for parents and children to sit together by doing just that.

All three announcements advance the administration’s long-standing policy goals — to lower prescription drug costs, to expand affordable child care options and to eliminate so-called “junk fees” — in ways Congress has so far been unable to. It shows how the administration is turning to public pressure and regulations to enact its agenda.

“The president’s bully pulpit is a really important tool that he’s using to reduce costs for families in a number of ways,” Bharat Ramamurti, the deputy director of the White House’s National Economic Council, told HuffPost in a phone interview. “It’s not meant to substitute for getting things through Congress, or for getting something done in rulemaking.”✂️

“We pick these issues where there is something fundamentally unfair and unreasonable that is happening, and you shine the presidential spotlight on it,” Ramamurti continued. “The president must have talked about lowering the price of insulin 100 times over the last year and a half as he’s been pushing for this, and this week you saw a pharmaceutical company respond to his call to act.”

Jim and Jane should get a clue and move their IRA somewhere that gives them more choices of where to invest: they should be free to avoid funds that specialize in ESG, and also to selectively invest in funds that specialize in ESG. Then the fund managers will just follow the money and create more funds aligned with ESG investing, or fewer funds, or even anti-ESG funds.

Unfortunately, 401Ks have many fewer options than IRAs, but usually have some choice.

Scoop: GOP’s “existential” attack plan on ESG

A conservative group leading the charge against “woke capitalism” is taking its campaign to the next level, giving congressional leaders a detailed roadmap for dismantling the environmental, social and governance (ESG) movement.

Why it matters: A new report from Consumers’ Research provides a lengthy list of specific questions for House Republicans at public hearings to establish fact patterns for litigations and to prove asset managers are forsaking fiduciary duty in the name of political goals.

The 30-page report alleges that “some of the largest asset managers in the world have leveraged Americans’ savings to coerce corporations to adopt critical race theory, boycott states with Republican governments, fund employees’ abortions, and divest from investment in drilling for oil and natural gas, among a wide range of other left-wing causes."It calls ESG an “existential threat to our liberty.”Driving the news: Republicans have already drawn blood — and forced a split in the Democratic Party — by targeting ESG investing.

At the state and federal level, Republicans want to stop corporate America for promoting policy positions that conservatives say voters haven’t embraced.ESG supporters insist that they are offering products for investors who want to back companies that align with their values — everything from climate change to reproductive rights.Last week, House Republicans passed a resolution to strike down a Labor Department rule that allowed for some ESG investing by pension funds.Two vulnerable Democrats up for re-election in 2024 — Sens. Joe Manchin (D-W.Va.) and Jon Tester (D-Mont.) — broke with the White House to join Republicans in passing it, which will likely lead to Biden’s first veto of his presidency.What they’re saying: “Intentionally designed to be opaque yet seem benign, ESG represents a grave menace to America. ESG is the weaponization of America’s investments against its own citizenry.”

The usual hot air from anti environment unwoke republican hot heads.

The people I know with wind-to-electricity generators like that on their land get $1k-$2k a month for each one .

I see that most do not even know what ESG is.

Perhaps Congress shouldn’t have looted Social Security for years

How many people have you seen actually install wind generators for their homes?

I’m asking about wind generators – not any other type of alternate energy source. It has long been common knowledge that wind generators are rarely practical for homeowners. I suspect this is another Bok exaggeration.

If they are generating power they will have income.

This cartoon tries to make a point, and fails miserably.

Good one!