American Universities Urged to Divest From China

Donald Trump & Xi Jinping/IMAGE: YouTube

In another broadside against the People’s Republic of China, a top official in President Trump’s State Department last month urged American universities to divest their endowments from Chinese-owned corporations; to closely monitor or shut down on-campus activities that promote Chinese propaganda; and to protect research centers from Chinese theft of intellectual property.

This followed the President’s attacks on the Chinese communists for releasing and then covering up the threat from the Wuhan coronavirus. Also his trade war, with huge tariffs on China’s exporters, has caused the Far East nation great pain.

And regarding investments, a special working group of the administration’s top financial regulators, led by Treasury Secretary Steve Mnuchin, recommended the Securities and Exchange Commission impose stronger transparency rules for foreign companies that are listed on American exchanges. The step was primarily directed at China, whose companies’ financial disclosures are … Read More ➡

‘LeBron’s Silence is Helping the Chinese Regime’

Tom Anderson, director of NLPC’s Government Integrity Project, is interviewed on NewsMax TV about the group’s social media ads targeting LeBron James and the National Basketball Association for hypocrisy on China. Tom also comments on the Big 10 football season.… Read More ➡

Ads Target NBA and LeBron James on China Hypocrisy

Through its Freedom4China campaign, the National Legal and Policy Center (NLPC) is running social media ads targeting LeBron James and the National Basketball Association (NBA). The online ads are directed to the bubble at Disney World in Orlando, Florida, where the NBA season is currently underway.

The ads state “Not All Heroes Are 6’9” with an image of Los Angeles Lakers star LeBron James. Clicking through, the viewer is brought to a page highlighting the heroism of the Tiananmen Square “Tank Man.” It reads:

Tank Man’s name is not known, nor is his fate.

Tank Man was filmed in Tiananmen Square on June 5, 1989, stepping in front of a column of 59 tanks. The day before, the Peoples’s Liberation Army crushed student-led, pro-democracy protests. The death toll is estimated from several hundred to several thousand.

The footage of the Tank Man is widely regarded as one of Read More ➡

Study Debunks BlackRock Claims that ESG Funds Did Better During COVID

Larry Fink

So-called environmental, social and governance (ESG) priorities, as applied to investment principles, have seen a massive influx of cash during the COVID-19 pandemic – so much so that influential financial firm leaders have celebrated them as better performers than normal “make-a-profit” funds.

But is that really true?

Mega-firm BlackRock and CEO Larry Fink have called greater attention to ESG, beginning early in 2018 with a letter to more than 1,000 publicly traded companies urging them to elevate issues such as climate change and diversity higher in their considerations as they go about their business.

“Society is demanding that companies, both public and private, serve a social purpose,” he wrote. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”

CNBC reported earlier this month that the amount of assets in funds that follow ESG … Read More ➡

Chinese Companies Get Scrutiny— But Not From BlackRock

Steve Mnuchin/IMAGE: YouTube

Pressure continues to increase on Chinese corporations that are listed on American stock exchanges, to provide greater transparency about their ownership and operations.

Following the U.S. Senate’s passage (by unanimous consent) in May of the Holding Foreign Companies Accountable Act, a special panel of top government financial regulators issued a report last week that also called for tougher rules in order for “non-cooperative” foreign companies to be allowed to be listed in the United States. The goal is to provide greater protection for investors in those companies, to meet minimal audit and transparency standards so that potential risks are better understood.

The President’s Working Group on Financial Markets specifically scrutinized the risks to investors posed by the Chinese government’s failure to allow access to the books of companies listed in the U.S.  The group urged the Securities and Exchange Commission take steps to strengthen the listing standards.… Read More ➡

Ethics Group Urges Dismissal of Charges Against General Flynn

General Michael Flynn (Shutterstock)

Tomorrow morning, the full panel of 10 judges of the U.S. Court of Appeals for the D.C. Circuit will rehear the appeal of General Michael Flynn seeking to have District Court Judge Emmett Sullivan grant the Department of Justice’s motion to drop the charges against Gen. Flynn because of misconduct by FBI agents and government prosecutors for withholding evidence as well as for setting up Gen. Flynn in an FBI interview in January 2017 about his talks with Russian Ambassador Kislyak when there was no underlying criminal investigation to warrant the interview.  

Contrary to the district court rules, Judge Sullivan had appointed a biased former prosecutor and judge as a “friend of the court” to advise him on whether he should grant the Justice Department’s motion to dismiss the charges.  Flynn’s attorneys appealed Sullivan’s decision to the D.C. Circuit which ruled last month that Judge … Read More ➡

New York Sweeps Schumer Bar Complaint Under the Rug; Appeal Filed

Today, the National Legal and Policy Center (NLPC) appealed the dismissal of its ethics complaint filed with New York’s Attorney Grievance Committee (AGC) against U.S. Senator Charles E. Schumer for his threatening comments made in March on the Supreme Court steps before a cheering activist crowd against Justices Neal Gorsuch and Brett Kavanaugh during the hearing on a controversial abortion case:

I want to tell you, Gorsuch… I want to tell you, Kavanaugh… you have released the whirlwind, and you will pay the price. You won’t know what hit you if you go forward with these awful decisions.

Senator Schumer’s remarks drew a public rebuke from Chief Justice John Roberts, the legal community, including the American Bar Association, and many Members of Congress, led by Majority Leader Mitch McConnell, noting that such threats are “dangerous.”

In its one-paragraph dismissal letter dated July 27, 2020, the AGC did not dispute that … Read More ➡

ESPN Exposes, Then Hides, Report on Abusive NBA Training Academies in China

Adam Silver/IMAGE: CNN via YouTube

The “woke” NBA – whose players (with few exceptions) wouldn’t stand for the Star-Spangled Banner but do stand human rights abuses in China – had a bumpy reopening last week following this year’s shutdown due to COVID-19.

So did one of its top broadcast partners, ESPN.

As Breitbart (aggregating reports from Outkick.com and The Athletic) reported on Sunday, NBA/ESPN saw its television ratings drop on Friday night following the numbers the league saw on the night of its return from dormancy on Thursday. The sports-starved American public apparently doesn’t have an appetite for millionaire athletes complaining about “systemic racism” while they kneel for the National Anthem and at the same time refuse to decry human rights abuses by the communist Chinese.

Meanwhile ESPN reported about the NBA’s involvement with a training academy in the Chinese province of Xinjiang, where millions of Uigher Muslims … Read More ➡

Janus, Two Years On: More Necessary Than Ever

This June 27 marked the second anniversary of the Supreme Court ruling in Janus v. AFSCME Council 31, a pivotal event in labor relations whose potential long-run impact is only beginning to be felt. The High Court’s upholding by a 5-4 margin of the constitutional right of Mark Janus (in photo), an Illinois state civil servant, to withhold dues from an affiliate of the American Federation of State, County and Municipal Employees has enabled numerous nonmembers across a wide range of public-sector jobs to decline to pay without worrying about losing their jobs. In response, unions and their political allies are going to great lengths to circumvent the ruling. They know what is at stake. Their actions unintentionally underscore why the Court made the right call. And Mark Janus isn’t quite done yet.  

Government employee unions, especially at the state and local levels, have become a dominant force … Read More ➡