Hunter Biden Offered Access to Chinese Firm in Exchange for Investments

AP/Wide World Photos

This article by Alana Goodman appears today in the Washington Free Beacon. It includes comments by NLPC’s Tom Anderson.

Hunter Biden touted his family’s political clout to solicit a $5 million investment from China for his U.S.-based financial advisory firm, according to a court filing by a white-collar convict who claims he had an inside view into Biden’s murky foreign business dealings.

John Galanis, 77, argues that the younger Biden used his businesses as a “pay-to-play influence peddling operation” by offering access to influential people in Washington, D.C., in exchange for investments. Galanis, who was convicted in 2018 of defrauding investors and the Wakpamni tribal community, states in the affidavit that his son, Jason Galanis, provided him with details of Biden’s offshore deals after befriending Biden’s longtime business partner Devon Archer.

In the affidavit, Galanis says that Biden and Archer worked to secure $15 million for their financial … Read More ➡

Disney Partners With Chinese Communists on Mulan Movie

‘Mulan’ publicity photo/Disney

The long list of corporations and organizations “woke”-en by the Black Lives Matter/”systemic racism” narrative – but that blind themselves to China’s human rights abuses and therefore do business with the communists there – continues to grow.

The rush to virtue-signal for BLM already seemed to include almost every major corporation following the deaths of George Floyd, Breonna Taylor and Jacob Blake, in their confrontations with police. Even Chick-fil-A’s CEO projected his own white guilt onto fellow evangelical Christians, calling for them to “repent.” Yet tears for those under the boot of the ChiComs are largely missing.

Now we’ve got a major corporation – Disney – who worked closely with the local Chinese government agencies that are running re-education camps that imprison Uighurs, a Muslim-minority group. The BBC reported on Monday that the current release of the live-action “Mulan” was filmed in Xinjiang, where as … Read More ➡

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 ➡

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 ➡

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 ➡

BlackRock Threatens U.S. Firms While Coddling Chinese Polluters

Apparently true to its word – or at least virtue-signaling a head fake in that direction – mega-investor BlackRock put some companies in its portfolio on notice that their efforts to address transparency and mitigation regarding “climate change” are insufficient.

The $6.5 trillion firm announced earlier this week in a report that it had warned 244 of those companies that they insufficiently address climate concerns, and that it had voted against resolutions and directors at 53 of them because of those shortcomings. It warned the other 191 companies they “risk voting action in 2021 if they do not make substantial progress,” according to the Financial Times.

BlackRock first announced its plans to increase scrutiny of its investments, with regard to climate, in January.

Some of the names on BlackRock’s naughty list include fossil fuel-concentrated industries like ExxonMobil, Volvo, Daimler, and coal company Peabody Energy.

“Our approach on climate issues, … Read More ➡

NBA Promotes BLM While Remaining Silent on Chinese Communists

Josh Hawley/IMAGE: C-SPAN via YouTube

The open letter on Friday by Republican Sen. Josh Hawley, to NBA Commissioner Adam Silver, exposed the hypocritical worldview of the leftists in the league and in the media.

That will likely be the best result, rather than seeing the Missouri Senator’s missive produce any meaningful change in how the league manages itself.

Hawley called out Silver and the NBA over its decision to permit its players – more than 80 percent of whom are black – to replace the names on the backs of their jerseys with messaging that for the most part fits the term “social justice.” That is, players can opine just as long as they don’t advocate for the welfare of police officers. Or for victims of Chinese oppression.

The NBA limited the messages players could display to a handful. Needless to say, none expressed support for anything other than … Read More ➡

Senators Turn Up the Heat on BlackRock Over China Investments

Kevin Cramer/PHOTO: Gage Skidmore (CC)

Following an effort by National Legal and Policy Center to urge the world’s largest investment firm to divest its customers’ money from 137 companies based in communist China, two Senators have also turned up the pressure.

In a letter dated Monday, Republican Sens. Martha McSally and Kevin Cramer – of Arizona and North Dakota, respectively – asked BlackRock CEO Larry Fink to explain apparent inconsistencies in the company’s approach to managing its funds. Specifically, the senators wanted to know why BlackRock’s U.S. investments are held to a higher standard as it pertains to appeasing activist investors with a progressive agenda, as opposed to its holdings in foreign companies that do not comply with minimal legal and auditing standards.

Fink has led his firm into the decision-making of the U.S. companies where BlackRock has its investments, voting “on 18,758 shareholder proposals and participated in 2,269 shareholder … Read More ➡