Showing posts with label ESG. Show all posts
Showing posts with label ESG. Show all posts

Sunday, March 12, 2023

Efforts by the states to defeat DEI, CRT, and ESG

"The efforts in Florida, Arizona, Texas, and Missouri join a bundle of bills that have passed in other states in the past two years or are still pending. These bills either reject the discrimination of critical race theory or establish parents’ bills of rights or guarantee academic transparency. The Heritage Foundation has a handy state tracker that shows where the state of play is in every one of the 50 states.

To understand the significance of these legislative efforts, it’s important to revisit the threat to our national unity and the preservation of American civic order that the leftist agenda poses."

Friday, February 10, 2023

Daily Signal publishes top woke corporations


"#4.  CVS. The drugstore chain famed for its mile-long receipts is apparently woke on everything except wasting paper. It “advocates for the Equality Act and transgender participation in girls’ sports” and “the company signed an open letter opposing a Florida bill that would prevent teaching gender identity and sexual orientation in schools to kids in K-3rd grade.” CVS gives employees abortion travel “benefits” and “fired a Catholic nurse practitioner after she refused to prescribe or administer abortifacients, citing her religious beliefs.” In a somewhat surprising twist, though, CVS does say it protects employees’ differing viewpoints.

#7.  Kroger.  If you thought your views on gay marriage would be irrelevant in a supermarket, think again: The grocery store chain “fired two Christian employees who requested not to wear the gay pride logo on their work aprons.” Kroger also “enables community donations to Planned Parenthood” and will pay travel costs for employees to get an abortion. " 

There's a new database that rates the "wokeness" of corporations. I was very sad to see that CVS was #4 and Kroger #7. Neither are my favorite stores, but they are convenient and easy to get to. They are located in a wealthy suburban area, one that does not reflect their values, yet they are back stabbing us as they take our money. https://www.dailysignal.com/2023/02/06/find-out-which-companies-promote-leftism/? Mattel has a trans doll, and many have fired Christians for refusing to support the company's LGBTQ pins or flags or emblems. They have reeducation camps for executives and support the misnamed "Equity Act." 

This is ESG lite--a political tool to turn us all into good little globalists with China in charge. Smaller, non-compliant companies will be bought up or destroyed.  At one time, all these companies stood for merit, hard work, fair play, good service and a good return for their investors. Now, nothing matters except skin color and sex, while the CEOs laugh all the way to the bank as they play the game.

Friday, October 14, 2022

Investing in your retirement and other boring topics

I got a late start in preparing for retirement. I was in my mid-40s with a full time tenure track job at Ohio State University and a put and take savings account. When I read the pension forms that came with all the other forms I might as well have been reading Russian, Распишитесь, пожалуйста. I began reading the Wall St. Journal--which was delivered to the Veterinary Medicine Library. I was trying to figure out the difference between a stock and a bond, learning about long term gains, what is a mutual fund, figuring out defined benefit and tax deferred annuities. And I'd call my Dad or talk to my brother who was a stock broker. We still made horrible mistakes by anyone's gauge of naivete.
 
But early on I know I decided I didn't like certain stocks, and that some investments weren't worth the return because they were in violation of my core beliefs. I didn't know what it was called but I wouldn't invest in tobacco, alcohol, certain food, health and beauty products (animal testing), and viaticals (insurance plan cash out, like for people with AIDS). Eventually, because large corporations eat up smaller ones, if I liked a snack product it later would be owned by a tobacco company (R.J. Reynolds and Nabisco or Philip Morris and Kraft). And then that group would split or merge into an even larger blob. But still, for awhile I could feel smug and self-righteous--I was a Democrat then and that's what they do.
 
That's the principle when talking people into accepting ESG--environmental, social and governance investing. Most of us do want to be moral, upright and kind to the poor and patriotic. The rub is who gets to decide, and who is pushing this? At this point in our history, the left is moving from the locker room pep talk to a full court press. This is how a Republican study committee looks at ESG:
"A small handful of leftist bureaucrats and board members are behind ESG. Americans never voted for it, but ESG is still making the entire country poorer, more reliant on foreign oil, and less free. ESG is a cornerstone of Democrats’ Green New Deal agenda and one of the most serious long-term threats to energy independence and Americans’ pocketbooks. The Republican Study Committee will push to make combatting ESG a priority after 2022."
In other words, we won't be able to make the choices and mistakes I made in the 1980s about what values and products I wanted to take care of me in my old age. However, if you google, bing, brave or duck-duck-go the term ESG, you'll find several pages of only the most wonderful, positive and downright religious sounding explanation. But if you start or own a company, you won't be able to invest, expand or even use a bank to pay your employees if you don't meet the government (or United Nation's) ESG goals for climate, equity, sustainability (never defined), science, gender, guns, abortion, etc.

And as far as retirement goals? Nothing has hurt us as badly as Biden's inflation and killer green economy, or helped us as much as Trump's Make America Great Again ambitious plan.

Saturday, June 26, 2021

Where major corporations are investing, guest blogger Michael Smith

"If you are paying attention, you do not need an army of analysts or a divining rod to find water here.

Meat prices at the grocery store are going up - and yet the price on the hoof is not. As a matter of fact, many cattle producers are caught in a squeeze and losing money on a per head basis. I saw a report a few weeks ago that noted the retail businesses have a profit margin of about $30 per head of cattle while the meat processor’s margin is around $1000 per head. The rancher’s margin? Between $10 a head and loss of $30, depending on the timing of the sale.

How does that work? The answer is that it does not.
 
The meat processing industry is controlled by four companies, Tyson, Cargill, JBS and National Beef, that process 80% of all slaughtered animals and because access to processing is so limited, you either sell to them or one of their agents or you do not sell at all. Why would the meat processors be putting so much pressure on the producers of protein on the hoof?

Well, at present, three of the four major processors have gone woke, adopting the ESG methods of corporate control. Environmental, Social, and Corporate Governance data refers to metrics related to intangible assets within the enterprise, roughly equivalent to China’s Social Credit System (that ranks citizens and punishes them with throttled internet speeds and flight bans if the Communist Party deems them untrustworthy).

And a good ESG score means you must believe in anthropogenic climate change. The “climate scientists” at the UN have determined that livestock production, especially raising cattle, generates more global warming greenhouse gases, as measured in CO2 equivalent than transportation. In 2006, senior UN Food and Agriculture Organization (FAO) official Henning Steinfeld said, “Livestock are one of the most significant contributors to today’s most serious environmental problems. Urgent action is required to remedy the situation.”

Cow farts are killing us.

Why would meat processors be destroying their own businesses?

They really are not. They will still process cattle, but the meat will be far more expensive, a luxury for most – but where these companies are putting their investments is telling – fake meat. Each of these companies are pouring millions into research and development of plant-based protein meat substitutes.
Plant-based? Is it any wonder why Bill Gates is the largest private owner of farm land in the United States?

Several large investment firms are buying up single family homes. BlackRock, the largest asset management firm on the planet with over $9 trillion in assets, and other money institutions buying up single-family homes as quickly as they can at rates higher than the average homebuyer is willing to pay. Of course, taking homes off the market by overpaying for them, drives overall home prices up.
Why? Well first, these investment firms can borrow money at historically low rates, even lower than any individual home buyer, but the goal is more insidious - BlackRock and others are causing a shift from home ownership to renting (BlackRock is also the third largest institutional shareholder in the "engineered meat" producer, Beyond Meat).
 
Renting degrades the economy for lower and middle class folks while limiting their upward financial mobility by robbing them of the equity increases home ownership typically brings. This is not just BlackRock, Bloomberg just published an article claiming that “America should become a nation of renters”, further stating “The very features that made houses an affordable and stable investment are coming to an end.”

This idea, coupled with BlackRock’s actions, simply points to a commoditization of the housing market and a consolidation into corporate control of the foundational asset of the American family, their own home. It represents the loss of individual control of another asset class and a created dependence on corporations for the most basic of needs, shelter.

Now, add to that the control over media and the fact the Internet Overlords and Social Media Commissars have become agents of the federal government and the Democrat Party, and you have a pretty good idea of where the corporations and the big investors think we are going.

Biden's government continues its radical eco-agenda. Aside from being implicated tree spiking in the Pacific Northwest, an ecoterrorist act, and support for government enforced population control, Biden's horrific nominee to run the Bureau of Land Management, Tracy Stone-Manning, is notoriously anti-cattle grazing rights on federal lands. In her graduate thesis, Stone-Manning wrote:

"The origin of our abuses is us. If there were fewer of us, we would have less impact. We must consume less, and more importantly, we must breed fewer consuming humans."

The thesis also goes on to claim that cattle grazing on public lands is "destroying the West."
While not busying himself with mumbling incoherently, creepily whispering to reporters and lying about the Constitution, Dementia Joe is shutting down pipeline construction and cutting off oil leases on public lands.

What could go wrong?

Pick any dystopian novel or movie production – Blade Runner, Alien, Fahrenheit 451, Soylent Green, even The Fifth Element – all feature a future managed and controlled by marriages between corporations and governments and people dependent upon that unholy marriage for housing and sustenance.
 
This is a future being created today in the boardrooms and halls of government - and a one that is entirely avoidable.

They say science fiction will become science fact.

Let us hope not.

Remember – Soylent Green is people."

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Glenn Beck has also done extensive research on the problem,  https://youtu.be/PQTbpJl2-Ho  seeing it as an extension of the Obama fundamental transformation.  The great reset.