Another moronic propaganda piece by Goodwyn. The rule gave investment advisors leeway to CONSIDER certain options when investing. It didn’t REQUIRE them to do it. The advisors could still choose. Really?
Forcing American workers to sacrifice their retirement savings in order to funnel money to their buddies. Dems are a lot of things. They are not your friends.
Easy to just have fund managers to go out and create their low return ESG focused investment funds. Then any loon seeking to be warm and fuzzy can sacrifice their retirement and invest in those funds.
From Harvard Business Review on ESG. They found that the companies in the ESG portfolios had worse compliance record for both labor and environmental rules. They also found that companies added to ESG portfolios did not subsequently improve compliance with labor or environmental regulations. This is not an isolated finding.Mar 31, 2022
There was a time before austerity [NO!] was their only response to the public’s needs, that the Republicans were the party of growth — e.g. Ike’s highway system — and catered to the small businesses [that actually create jobs] instead of the giant monopolies/oligopolies they have done since the Southern Strategy resulted in the parties swapping ideologies in the ‘60s. My family and I were progressive Republicans until Nixon/Goldwater turned the party in a divisive negative direction causing us to leave … hoping someday they would return to being a positive proactive collaborative party that cared more for its country and ALL of its people than sketchy/reactive party ideology. The Democrats disappointed us too as they, as well, quickly abandoned the progressives in their own party. I am so disappointed in watching the irrational partisanship/obstruction/obstinacy turn the once-admired world leader into the world’s dysfunctional buffoon.
Is there a way to end the silly blame game and have a functional Congress packed with competent, experienced, problem solvers that can work together to make America grow again?
Gop never do anything unless it benefits them…so hope the VETO stands!
GOP do nothing but undo all the good things meant for WE the PEOPLE! They waste all their time scheming, plotting, and obstructing EVERYTHING, so it benefits them!
“Taken broadly, ESG investing analyzes how a company’s business practices might be positively or negatively affecting the world, through either the products they make, how they treat their workers, how ethical their board members are and other socially positive lenses”.No wonder Republicans absolutely hate anything ESG related.
Joseph Harding,author of Florida’s “Don’t Say Gay” Bill,was found guilty of stealing COVID-19 funds earmarked for the aid of small businesses affected by the pandemic.
Faces 20 to 35 years in prison for wire fraud and money laundering.
Why are the knuckleheads against ESG based investing? Do they not understand that it ISN’T being required. It’s just a tool against which opportunities can be evaluated. Do the knuckleheads prefer an investment in Tobacco, Military Weapons, Nuclear Waste “Disposal” and cheap pistols to one that earns the same rate of return just because the latter invests in what they’ve been told are EVIL WOKE PRODUCTS like renewable energy?
How about some accountability? Some decades ago when 60 Minutes did investigative reporting they interviewed the manager of a nursing home. 60 minutes asked where the warehouse was for the adult diapers the nursing home billed Medicare for. The volume of adult diapers billed as several per patient per day, and the physical space used by those diapers would fill a warehouse. Thus where is the warehouse? The manager had no answer because they were fraudulently billing Medicare for the diapers. 60 Minutes also asked about proper disposal of those soiled diapers. I an sure this and many other things are not being investigated or prosecuted which would save US billions.
Kevin McCarthy’s first legislative farce: The “Lower Energy Costs Act” is a fossil-fuel scam
The first new legislation of Speaker Kevin McCarthy’s Republican Congress — HR1, the Lower Energy Costs Act — is an exorbitantly mislabeled bill. It allows utilities and pipeline companies to build thoroughly unnecessary energy infrastructure, which will be paid for by electricity and gas consumers decades into the future. Despite its name, it will raise energy prices by fast-tracking efforts by oil, gas and coal producers to export an ever-expanding share of U.S. production, a strategy that has already tripled gas prices for American consumers. What this legislation reveals is that McCarthy go to nearly any lengths to allow his extreme-right members sacrifice the public interest to the interests of fossil-fuel producers.
Putting restrictions on what folks can invest their money on for the green crowd to be happy is just bad business. Biden manages to make a mess of about everything he touches, so this one is typical for his misadministration.
Leave it alone! Let the people decide if they want ESG or not. Here’s an idea. Instead of crippling how people invest, create a standard that show how ESG a company or fund is. What is out there goes by their own standard and results are different. Oh, wait! That would make sense, and common sense disappeared long ago.
think it through about 1 year ago
I bet he couldn’t bankrupt a casino. That takes special business skills.
VegaAlopex about 1 year ago
What happened to the Republican principle of free market? Gone since Reagan…or Nixon? (Remember Nixonomics a half century ago?)
GOGOPOWERANGERS about 1 year ago
Uh huh
And tell me how would you do better?
baroden Premium Member about 1 year ago
Another moronic propaganda piece by Goodwyn. The rule gave investment advisors leeway to CONSIDER certain options when investing. It didn’t REQUIRE them to do it. The advisors could still choose. Really?
aristoclesplato9 about 1 year ago
Forcing American workers to sacrifice their retirement savings in order to funnel money to their buddies. Dems are a lot of things. They are not your friends.
Easy to just have fund managers to go out and create their low return ESG focused investment funds. Then any loon seeking to be warm and fuzzy can sacrifice their retirement and invest in those funds.
No need to mandate it.
Fklimko about 1 year ago
From Harvard Business Review on ESG. They found that the companies in the ESG portfolios had worse compliance record for both labor and environmental rules. They also found that companies added to ESG portfolios did not subsequently improve compliance with labor or environmental regulations. This is not an isolated finding.Mar 31, 2022
superposition about 1 year ago
There was a time before austerity [NO!] was their only response to the public’s needs, that the Republicans were the party of growth — e.g. Ike’s highway system — and catered to the small businesses [that actually create jobs] instead of the giant monopolies/oligopolies they have done since the Southern Strategy resulted in the parties swapping ideologies in the ‘60s. My family and I were progressive Republicans until Nixon/Goldwater turned the party in a divisive negative direction causing us to leave … hoping someday they would return to being a positive proactive collaborative party that cared more for its country and ALL of its people than sketchy/reactive party ideology. The Democrats disappointed us too as they, as well, quickly abandoned the progressives in their own party. I am so disappointed in watching the irrational partisanship/obstruction/obstinacy turn the once-admired world leader into the world’s dysfunctional buffoon.
Is there a way to end the silly blame game and have a functional Congress packed with competent, experienced, problem solvers that can work together to make America grow again?
The Nodding Head about 1 year ago
Government interference into freedom of financial advisers and investors: vetoed
Zebrastripes about 1 year ago
Gop never do anything unless it benefits them…so hope the VETO stands!
GOP do nothing but undo all the good things meant for WE the PEOPLE! They waste all their time scheming, plotting, and obstructing EVERYTHING, so it benefits them!
Jack7528 about 1 year ago
This country has a bad spending habit!
Radish the wordsmith about 1 year ago
Republicans steal the money and give it to their rich friends as tax breaks and then make the middle class pay for it.
rlaker22j about 1 year ago
and how to train deregulation go , or banking deregulation help
Stephen Runnels Premium Member about 1 year ago
“Taken broadly, ESG investing analyzes how a company’s business practices might be positively or negatively affecting the world, through either the products they make, how they treat their workers, how ethical their board members are and other socially positive lenses”.No wonder Republicans absolutely hate anything ESG related.
198.23.5.11 about 1 year ago
TODAY’S NEWS—-
Joseph Harding,author of Florida’s “Don’t Say Gay” Bill,was found guilty of stealing COVID-19 funds earmarked for the aid of small businesses affected by the pandemic.
Faces 20 to 35 years in prison for wire fraud and money laundering.
Radish the wordsmith about 1 year ago
Biden awards National Medals of Arts and Humanities to Springsteen, Kaling, Louis-Dreyfus and more
Another Take about 1 year ago
Why are the knuckleheads against ESG based investing? Do they not understand that it ISN’T being required. It’s just a tool against which opportunities can be evaluated. Do the knuckleheads prefer an investment in Tobacco, Military Weapons, Nuclear Waste “Disposal” and cheap pistols to one that earns the same rate of return just because the latter invests in what they’ve been told are EVIL WOKE PRODUCTS like renewable energy?
IndyW about 1 year ago
Got this one right, nicely done.
ChristopherBurns about 1 year ago
So you guys don’t believe in a free market any more, I guess.
cbellmerit about 1 year ago
How about some accountability? Some decades ago when 60 Minutes did investigative reporting they interviewed the manager of a nursing home. 60 minutes asked where the warehouse was for the adult diapers the nursing home billed Medicare for. The volume of adult diapers billed as several per patient per day, and the physical space used by those diapers would fill a warehouse. Thus where is the warehouse? The manager had no answer because they were fraudulently billing Medicare for the diapers. 60 Minutes also asked about proper disposal of those soiled diapers. I an sure this and many other things are not being investigated or prosecuted which would save US billions.
Stonehouses3 about 1 year ago
https://www.cnn.com/2023/03/22/opinions/biden-veto-esg-retirement-bhagat
lawguy05 about 1 year ago
This woke craziness is RUINING America!
DrDon1 about 1 year ago
Goodwyn seems to be auditioning to teach Economics at tRump U!
Radish the wordsmith about 1 year ago
Kevin McCarthy’s first legislative farce: The “Lower Energy Costs Act” is a fossil-fuel scam
The first new legislation of Speaker Kevin McCarthy’s Republican Congress — HR1, the Lower Energy Costs Act — is an exorbitantly mislabeled bill. It allows utilities and pipeline companies to build thoroughly unnecessary energy infrastructure, which will be paid for by electricity and gas consumers decades into the future. Despite its name, it will raise energy prices by fast-tracking efforts by oil, gas and coal producers to export an ever-expanding share of U.S. production, a strategy that has already tripled gas prices for American consumers. What this legislation reveals is that McCarthy go to nearly any lengths to allow his extreme-right members sacrifice the public interest to the interests of fossil-fuel producers.
Jack Dawson about 1 year ago
Putting restrictions on what folks can invest their money on for the green crowd to be happy is just bad business. Biden manages to make a mess of about everything he touches, so this one is typical for his misadministration.
Redd Panda about 1 year ago
goodwyn, what a schnook
donut reply about 1 year ago
Leave it alone! Let the people decide if they want ESG or not. Here’s an idea. Instead of crippling how people invest, create a standard that show how ESG a company or fund is. What is out there goes by their own standard and results are different. Oh, wait! That would make sense, and common sense disappeared long ago.
Grandma Lea about 1 year ago
Everyone guesses, the odds change when proper research is done and no one tries to be(yes people) politically correct
mike58marsh about 1 year ago
And what part of risk mitigation isn’t making sense here?