NLPC seeks to promote integrity in corporate governance, including honesty and fair play in relationships with shareholders, employees, business partners and customers. In doing so, NLPC places special emphasis on:
* Asserting that the social responsibility of the corporation is to defend and advance the interests of the people who own the company, the shareholders. True responsibility is fidelity to one’s own mission, not someone else’s, or someone else’s political agenda.
* Exposing the seeking of influence on public officials by corporations, which is the inevitable result of high levels of government spending and intervention in the marketplace.
* Combating practices that undermine the free enterprise system, including philanthropic giving to groups hostile to a free economy.
President Trump said this morning in a Fox Business interview with Maria Bartiromo that he is “looking at” the question of Chinese companies listed on American exchanges. His comment came a day after National Legal and Policy Centerasked the CEO of BlackRock, the world’s largest asset manager, to divest its customers’ holdings in 137 Chinese companies listed on American stock exchanges.
Earlier this week, agencies of the United States government took a similar step. The Federal Retirement Thrift Investment Board, which manages retirement savings for government employees and military, announced that it would freeze its plan to invest in Chinese stocks this year. The decision came at the urging of officials in the Trump administration and from members of Congress, who do not want to see the communist nation rewarded with American investments following its mishandling and cover-up of the release … Read More ➡
In a letter to BlackRock Chairman and CEO Larry Fink, the National Legal and Policy Center (NLPC) today asked the firm to divest its customer’s money from the137 Chinese companies currently listed on American stock exchanges.
BlackRock recently divested itself of certain companies that produce thermal coal in response to demands by anti-fossil fuel activists. In the letter, NLPC Chairman Peter Flaherty cites this “precedent” and argues that Chinese companies “that manufacture equipment for Xi’s surveillance state or that are dominated by the People’s Liberation Army raise even bigger ethical questions.” Here is the full text of the letter:
Because BlackRock is the world’s largest asset manager and you have championed the principle of divestment as a moral necessity, we ask that you divest your managed funds from the 137 Chinese companies listed on the three American exchanges.
All are under the influence and ultimate control of the Communist … Read More ➡
The Wuhan virus has presented the left-leaning Big Tech companies yet another opportunity to burnish their reputations for censorship of conservatives and independent thinkers.
They have seized that opportunity.
To be sure, Google/YouTube, Facebook and Twitter have allowed much speech and activity on their platforms that dissents from official government advisories and loyal liberal orthodoxy to such. But whatever the techs’ standards are, they are applied inconsistently.
The latest, largest, and likely most egregious example is a video interview with two Bakersfield, Calif. physicians, Drs. Dan Erickson and Artin Massihi, by KERO-TV, in which the medical professionals expressed skepticism about the threat of the virus to the public, following their own experiences and analysis of various data about the disease. After earning more than 5 million views in just a few days, and getting the broader attention of the national media, Google-owned … Read More ➡
That’s what came out of an interview the social media CEO gave George Stephanopoulos of ABC News on Monday’s “Good Morning America,” in which Zuckerberg said he had an army of “fact-checkers” at the ready to censor what his teams deem as “harmful misinformation.”
“How do you deal with the fact that Facebook is now being used to organize a lot of these protests to defy social distancing, and defy the social distancing guidelines in the states?” Stephanopoulos asked. “If someone is trying to organize something like that, does that qualify as harmful information?”
Horowitz emphasized the failures of mandatory diversity training, which the company imposed on employees across its more than 8,000 locations in May 2018, while shutting down business for the day. The action was taken following a conflict in an upscale neighborhood store, in which two black men waited for a friend at a table, and were denied access to the Starbucks’s restroom because they had yet to purchase anything, were then arrested for refusing to leave.
“I’m embarrassed, ashamed,” said then-CEO Howard Schultz – a liberal who briefly contemplated running for president this year – at the time. “I think what occurred was reprehensible at every single level. I think I … Read More ➡
Twitter’s bias and inconsistencies in applying its rules and standards are getting ridiculous.
While Chinese government mouthpiece Zhao Lijian – who accused the U.S. military of being the source of the Wuhan virus outbreak – remains on the platform spouting propaganda, American users are being censored or shut down over alleged coronavirus “misinformation,” and for running afoul of the Left’s transgender agenda.
Lynnette Hardaway and Rochelle Richardson, who have become online celebrities with their entertaining pro-Trump duologues as “Diamond and Silk,” found their account blocked Wednesday after Twitter said they violated their rules, because they supposedly misled the public about public policy and how people should respond to the COVID-19 pandemic.
“The only way we can become immune to the environment; we must be out in the environment,” the rule-breaking tweet said. “Quarantining people inside of their houses for extended periods will make people sick!”
China is lying and propagandizing on social media (again!), and now because it is about the deeply troubling and threatening worldwide Wuhan virus pandemic, two members of Congress want the nation’s leaders banned from Twitter.
Should they be?
In a letter dated March 20th, Republican Sen. Ben Sasse of Nebraska and GOP Rep. Mike Gallagher of Wisconsin urged Twitter CEO Jack Dorsey to remove Chinese Communist Party officials from the platform because they are “using Twitter to disseminate propaganda in the midst of a dangerous global crisis.”
“While the coronavirus pandemic is afflicting families, governments, and markets around the world, the Chinese Communist Party is waging a massive propaganda campaign to rewrite the history of COVID-19 and whitewash the Party’s lies to the Chinese people and the world,” Gallagher and Sasse wrote.
The prime example that many have referred to is a March 12th tweet by Zhao Lijian, a spokesman … Read More ➡
With the first implementation of a new policy that purports to promote transparency in labeling videos that have been edited in ways that could be deceptive or misleading, Twitter couldn’t have succeeded better in making transparent its own liberal bias.
Last weekend the social media platform marked a video posted by White House social media director Dan Scavino, and retweeted by President Trump, as “manipulated media.” The label had never before been used, although Twitter warned that it was coming.
The video showed a clip of a speech by Democratic presidential frontrunner Joe Biden in his own stumbling words, which were cropped to make it appear he was endorsing Trump. The Democratic National Committee called attention to Twitter that the video was “manipulated,” according to The Daily Beast, and Twitter immediately slapped the label on it.
“This is an example of our ongoing disinformation work, … Read More ➡
The knock against Facebook that is getting the most attention right now is that CEO Mark Zuckerberg has said the platform will not act as arbiters of truth and falsehood for political candidates’ posts and ads.
Current and former political candidates like Hillary Clinton and Sen. Elizabeth Warren have argued that it is irresponsible for the company to not be watchdogs for truth. For his part, Zuckerberg has said essentially that Facebook users are fully capable (through comments) of policing truth vs. fiction and that free speech, not censorship, should be paramount.
As the left’s attacks on Facebook get more hysterical – thanks to President Donald Trump’s smashing success in using the platform – critics are emerging seemingly everywhere, calling for increased accountability through government regulation, because the social media company has “too much power.”
Besides the politicians, a top corporate executive has also spoken out against … Read More ➡
His behavior speaks of someone who was handed a massive inheritance and did nothing to earn it, rather than the from-the-bootstraps tech entrepreneur that he actually is.
His billions (as the world’s wealthiest man, according to Forbes) and his ascent to notoriety appear to have driven him to obsess over his image, but rather than actually conduct himself like a responsible grown-up, he would rather throw money around in futile attempts to come off as more responsible and mature than he is.
For example, consider his recent announcement that he will dedicate $10 billion of his personal wealth to “fight climate change.” It’s hard to imagine a business that belches more carbon dioxide into the atmosphere than the deliver-everywhere, mega-cloud-computing Amazon. Between package transport vehicles (oil) and massive … Read More ➡