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 ➡
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.
In the New York Post today, Isabel Vincent and Jon Levine describe Hunter Biden’s alleged new career as an abstract artist. From the article:
Last year, a federal watchdog called on the Department of Justice to launch “a full investigation” of Hunter Biden, who they claim did not register under federal Foreign Agent Registration Act rules that govern those lobbying for a foreign entity.
“Hunter Biden’s tangled web of shell companies, LLCs, investment vehicles, and options agreements make it virtually impossible to know where he is getting income from,” said Thomas Anderson, director for the National Legal Policy Center, adding that circumventing the FARA regulations allowed Biden and his associates to operate under the radar.
Selling his abstract artwork to wealthy investors may also be a lucrative way to rake in cash, Anderson said. “We highly doubt, however, a career as an artist will do anything more than … Read More ➡
Top Republicans on three House investigative committees are demanding that the University of Pennsylvania release funding records on the school’s Penn Biden Center, a policy institute launched by President Joe Biden in 2017.
In a letter sent Thursday to University of Pennsylvania president Amy Gutmann, the lawmakers also asked for records related to the recent surge in donations to the university from China as well as information on any contracts and agreements between Penn and the Chinese government.
The university has received over $72 million from China since the Penn Biden Center opened—up from $21 million in the same time frame prior—prompting questions from watchdog groups and lawmakers about whether the uptick had any relation to the center.
“Understanding whether the University of Pennsylvania’s Biden Center for Diplomacy and Global Engagement (Biden Center) received funds from China or other adversarial nations at … Read More ➡
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
1/26/21- Paul Kamenar, Counsel to the National Legal and Policy Center, is interviewed by One America News Network’s John Hines on the $22 million in anonymous donations from China to the University of Pennsylvania, home of the Biden Center. Antony Blinken, confirmed by the Senate today as Secretary of State, served as managing director of the Biden Center when the donations were made… Read More ➡