Not content to throw his weight around to transform the entire energy industry, Larry Fink has now turned his attention to altering the political system.
The CEO of top finance firm BlackRock, which reportedly controls more than $9 trillion in assets, has developed a reputation for progressive agenda pressure tactics against the companies they invest in – most recognizably on the issue of climate change, but also on social issues related to race and gender. Fink likes to write open letters to CEOs and board members in which he prods and threatens their corporations to do things like “divest” from fossil fuels (even if that is their core business) and report hypothetical “risks” from the effects of global warming. Those who fail to comply can find BlackRock potentially voting against renewal of their directorships, or worse.
But Fink is proving to be just another two-bit hypocrite … Read More ➡
Amazon is affordable, comprehensive, convenient, dependable, and even enjoyable – and extremely dangerous to free speech and the democratic process.
The efficiency that makes the online retailer such a compelling outlet to return to time and time again – for daily household needs, for impulse purchases, for big deals, for hosting your blog, and for watching favorite shows and movies – is now being turned against anything left-wing activists target.
Some are sufficiently alarmed at the Amazon threat that they are willing to leave their houses, find alternatives, spend more, alter lifestyles, and modify political principles and alliances to break the Amazon habit.
First, a few examples of Amazon censorship. The most recent is the refusal to any longer sell a book by conservative scholar Ryan Anderson titled When Harry Became Sally: Responding to the Transgender Moment, which argues that individuals who desire … Read More ➡
An appeals court in China has upheld an earlier decision supporting a publisher’s psychology textbook, used by several Chinese universities, which characterized homosexuality as a “psychological disorder.”
Let’s see if the National Basketball Association will apply the same “moral” standards to China as it does to jurisdictions in America.
After all, the league joined a major corporate assault on North Carolina in 2016 after the passage of HB2 – perhaps the most well known state legislative bill number in American history – also identified as the “transgender bathroom law.” It prohibited local governments from enacting ordinances that forced private businesses to accommodate so-called “transgenders,” to allow them to use their sex-specific facilities based on their gender identity, rather than their biological gender. HB2 also required individuals to use public, government-owned facilities, based on whether they are biological males or females – in other words, according to actual science.… Read More ➡
In a surprise from what has otherwise been a soft-on-China President Joe Biden, his nominee for CIA director last week outlined the dangers to the United States from its Asian adversary, and called for the closures of educational centers at American universities that are funded and controlled by the communist government.
The strong comments came from William Burns, a former diplomat to Russia who testified in his confirmation hearing that he considered the presence of Confucius Institutes – which remain at several dozen U.S. colleges and in a few K-12 classrooms – a threat to the country.
“I think what the Confucius Institutes do, and I’m no expert on them, is to promote a narrative of Xi Jinping’s China, which is designed to build sympathy for what is, in my view, a quite aggressive leadership, which is engaged in conduct and conducted an adversarial approach … Read More ➡
And then there’s his move to erase requirements for transparency about Chinese influence on America’s students in K-12 and college institutions. Last week Biden’s Department of Homeland Security rescinded a proposed rule, initiated at the end of December by the Trump administration, to require U.S. schools to disclose their ties to China-funded or –controlled organizations on their campuses.
Sino influence on our nation’s young people gained a foothold with the establishment of Confucius Institutes at many U.S. universities, as well as Confucius Classrooms for pre-college learners. The programs, funded by the Chinese government, are promoted as vehicles to teach about the nation’s culture and language, but are used as propaganda to … Read More ➡
As the president and his allies in the newly Democrat-controlled Congress eagerly start to impose their new power on the corporate world – the stoppage of the Keystone XL pipeline construction is just the first job-killing step – they will need allies to coerce compliance under threat of economic pain.
For a while after Joe Biden was recognized as the victor in the November presidential election, political punditry wondered which direction he would go: pro- or anti-Big Tech?
That has been clearly answered, as Biden installed several Silicon Valley influencers on his transition team, which in turn have helped populate his administration with former Big Tech executives.
Tops among them has been former Google/Alphabet CEO/Chairman Eric Schmidt, whose role hasn’t been formalized by name, but his presence certainly has been.
It’s not Schmidt’s ties to the search engine tech giant that are of greatest interest any more. Instead it’s his role as board member and top investor on a shiny new defense contractor that specializes in artificial intelligence technology, called Rebellion Defense, that is concerning because of a likely conflict of interest for Schmidt.
BlackRock, the world’s biggest money manager, has successfully placed executives from its own ranks in key positions on President Joe Biden’s economic team.
Considering the firm’s clear emphasis on progressive policies in investment decisions – called Environmental, Social, and Governance (ESG) – it doesn’t surprise that its alumni would be among the economic decision-makers at the White House.
The BlackRock veterans are:
Mike Pyle, who will be Vice President Kamala Harris’s chief economic adviser. He was BlackRock’s Global Chief Investment Strategist after a stint in the Obama administration.
Brian Deese, who will be director of the National Economic Council. He was previously deputy director and also a senior advisor to Obama. For BlackRock, he was global head of sustainable investing.
Adewale “Wally” Adeyemo, who will be deputy secretary of the Treasury Department, if he is confirmed by the Senate. He was Obama’s senior
CEOLarry Fink is escalating his leftist political agenda influence, exerted through his mega-investment firm BlackRock, to outright intimidation.
It began gently almost three years ago, with Fink urging several corporate CEOs in a letter to make “a positive contribution to society” beyond generating profit for shareholders, to “serve a social purpose.” The initiatives pressed most urgently addressed climate change risk and disclosure, and diversity initiatives.
The tone has gone from pleadings to threats, as outlined in BlackRock’s “2021 Stewardship Expectations,” issued a couple of weeks ago in advance of corporate annual meetings that will be held in the coming months. As reported by investment equity law firm Ropes & Gray, BlackRock has intensified its demands in pursuit of compliance with its priorities.
Among BlackRock’s plans:
“Broadening the universe of focus companies – from 440 to more than 1,000 – that it