The U.S. Senate on Wednesday passed a measure to block retirement account managers from considering environmental, social, and corporate governance principles (ESG) when evaluating investments in retirement plans.
The joint resolution measure, approved in a 50-46 vote, aims to overturn a Labor Department rule that currently allows fiduciaries to consider those factors. But it's set to be blocked when it arrives at the White House in what would be President Biden’s first veto since taking office.
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The pivot from "Political correctness" to "wokeness" illustrates the past thirty years of brains dissolving into sludge: 'Woke' is every bit as annoying of a buzzword, but it's shorter, more vague, and it's thrown around even more wantonly.
The WOKE SJWs CANCELS THE FOUNDING FATHERS AND REPLACED THEM WITH BLM MARXISTS FROM THE DEMOCRATIC PARTY
This isn't going to look very good for them in the climate Nuremberg trials
Ooh not only manchin, but now jon tester (where do they find those names) added to rotation
Honestly can't blame the guy, if I was forced to be the subject of horrifying genetic experiments by my older sisters, I'd hate the world too and want to cause as much suffering as possible.
This seems like an absurdly clear and straightforward violation of the first amendment so I'm looking forward to hearing the Supreme Court's brief on why this is legal
if you don't invest in my company, you are violating the free exercise of my religion, which requires that everyone invest in my company.
Here's the plan: we get to label Israel as a "woke" nation because they have some LGBTQ rights and drag shows. Then they would have to either BDS Israel or remove the measure.
Best possible and definitely functioning government at work.
American people: "We want the regulation of financial services!!"
Government: "we have financial regulations at home"
The financial regulations at home: :agony-immense:
I mean whatever tbh, most ESG investments is just typical greenwashed neoliberal corporations with a lib friendly facade like electric cars that run off of electricity produced by burning fossil fuels and are manufactured with more carbon emissions than ICE cars
it sad because when I got my first serious adult job with a 401k and employer match, there was a "social index" fund that purported to be ethical. it had larger management fees (because of course). when I looked at it, I was puzzled that it's biggest exposure was to like McDonalds and Coca-cola and various pharmaceuticals.
it was the only fund I could find that claimed to value something besides some ratio of risk:growth, and apparently all it didn't invest in were alcohol, tobacco, or weapons.
