The stock market is not afraid of Twitter backlash:
TSLA up 84% YTD
More from the indispensable Gov. DeSantis
2 Likes
Another SPAC attempt to take one of these public
1 Like
For those, like me, unfamiliar with the company, the list of recommended companies at the website makes it clear this is a conservative organization
Shop your values,
locally and online.
Tired of supporting companies with a woke agenda? PublicSq. does the vetting for you so you can be more intentional with your spending without compromising on quality.
1 Like
SIVB the bank run that just blew up, is a success for woke risk management and top tier ESG ratings. S&P500 index member too, so SPY is getting their piece of a zero in that $15B market cap implosion.
lack of risk management leadership at SIVB, focusing on black queer diversity issues instead.
More details
2 Likes
From the daily Mail article. Iâm surprised the Biden regime has not jumped to bail them out.
Meanwhile, Jay Ersapah, who acts as CRO (chief risk officer) for the bank in Europe, Africa and the Middle East and who describes herself as a âqueer person of color from a working-class backgroundâ - organized a host of LGBTQ initiatives including a month-long Pride campaign and implemented âsafe spaceâ catch-ups for staff.
In a corporate video published just nine months ago, she said she âcould not be prouderâ to work for SVB serving âunderrepresented entrepreneurs.â
1 Like
After seeing how well Twitter functions with half the employees gone, this starts to make sense
The thousands of layoffs in Big Tech are thanks to an over-hiring spree to satisfy the âvanityâ of bosses at the likes of Meta and Alphabet, according to a member of the so-called PayPal Mafia.
News item
1 Like
Metaâs metaverse ambitious were unjustified and exaggerated. When a project of that magnitude flops, large layoffs are unavoidable. Lord knows how many other companies invested anticipating a profitable metaverse, only to find out it was all a mirage.
2 Likes
Not to mention really dumb.
2 Likes
Biden regime is covering for the Democrat senators from republican states up for election in 2024
The Senate voted 50-46 to block the ESG rule, with two Democrats, Sens. Joe Manchin (W.Va.) and Jon Tester (Mont.), joining Republicans in opposing the Biden administration policy.
2 Likes
President Biden put his political agenda above the wellbeing and individual freedoms of hardworking Americans,â the Republican governors wrote. âWe as freedom loving states can work together and leverage our state pension funds to force change in how major asset managers invest the money of hardworking Americans, ensuring corporations are focused on maximizing shareholder value, rather than the proliferation of woke ideology.â
1 Like
Who could have thought that investing would actually have turned out to be about risk aversion and companies generating actual cash?
Fund managers are now doing damage control for their ESG pitches of years past, Bloomberg wrote this week:
Eleven major banks and money managers told Bloomberg News that theyâre adjusting the language they use in pitch books, marketing materials and investor reports when seeking to sell funds and take part in financial deals. In some cases this means avoiding using the ESG acronym and related terms in Republican-led states, while for blue states, theyâre playing up their ESG credentials, according to representatives of the financial firms who asked not to be named discussing private information.
In other words, theyâre covering up their idiotic investing âstrategiesâ of years past, wherein they picked companies from a list of Greta Thunberg-approved entities, many of whom still likely used questionable labor tactics and had little governance.
Calling the change a âhigh wire actâ, Bloomberg writes that it also âreflects the dramatic politicization of the $8.4 trillion ESG market, with Republicans firing broadsides at anything connected with pursuing environmental, social or good governance goalsâ.
1 Like
Fossil fuel companies are still a good investment opportunity, despite the run up in stock prices over the last year
Climate advocates have been increasing the pressure on banks to change course, and many lenders have responded by adopting policies to reduce the climate pollution generated by their vast portfolios. Some have also pledged to stop financing certain types of fossil fuel extraction altogether, such as coal mining and Arctic drilling. But have those policies made any difference?
A pair of new reports provides a muddled picture. Banks lent significantly less money to fossil fuel companies last year, according to a report by a collection of environmental groups led by Rainforest Action Network. However, the decline was likely driven not by choices the banks made, the report said, but because oil companies were sitting on so much cash they didnât need to borrow any. Many oil firms, including ExxonMobil and Chevron, earned record profits last year.
All told, the worldâs top 60 banks plowed $673 billion in financing into fossil fuel companies last year, according to the report, which is the lowest amount since the groups began tracking in 2016. Despite the decline, the reportâs authors said the banksâ fossil lending policies remain weak and inadequate, and that such financing is not declining nearly fast enough to curb climate pollution in line with the Paris Agreementâs more ambitious target of limiting warming to 1.5° Celsius, or 2.7° Fahrenheit.
1 Like
Hey, they better not mess with my 1966 GTO, royal blue, bought new when I was MUCH younger. Runs on premium LOL 34k still to this day and 500 coats of wax.
1 Like
Thatâs miles, right? If itâs value, where can we meet? 
Donât worry. As long as Joseph Robinette Biden has his wifeâs ex-husbandâs Corvette, you can probably still own a muscle car ⌠but IANAL, nor political operative, nor climate holy roller.
Congrats on a magnificent beast. Is it a tri-power? Ragtop?
1 Like
Heh. You cannot find a more woke company than Disney. Not a good investment. As an example, over the past year, the vanguard energy ETF VDE is up 15% while Disney DIS is down 15%.
1 Like
A message sent at Anheuser-Busch:
Hopefully companies will go back to being concerned about their products and not politics.
2 Likes
Unfortunately, not likely
Brands such as Nike and Disney, whose audiences skew younger and are more likely to support progressive causes, could ultimately suffer more for not engaging on social issues, said Anjali S. Bal, an associate professor of marketing at Babson College.
Disney faced criticism last year for initially declining to publicly oppose Floridaâs Parental Rights in Education bill, dubbed the âDonât Say Gayâ legislation by opponents, and then for taking a stand against it.
âHad Disney never come out against âDonât Say Gay,â I think it would have been problematic for them in the long term,â Dr. Bal said.
1 Like
Operative word here is âin the long termâ. Companies and their executives are held accountable in the near term by investors, as ANB situation exemplifies.
1 Like
I agree this needs to happen.
But in this case, Iâm not so sure it was about pushing an agenda, more than it was about trying to target market that segment of the population. It really wasnt any different than intentionally putting a black dude in an advertisement so that itâll appeal more to black consumers (which, not too long ago, wouldâve prompted a similar reaction). I dont think (although I havent paid much attention) that this campaign had any sort of âsee, these are people who should be accepted tooâ type social message, any more than with any commemorative can.
Iâm guessing that these executives are taking the fall not for partnering with this weirdo, but because their campaign backfired so miserably (regardless of the subject).
2 Likes