Biden’s Labor Department Will Put Your Retirement Savings to Work for the Left

True Pundit November 28, 2022

0 Comments

The Department of Labor has finalized a rule that would give the go-ahead to fund managers to base their investment decisions on environmental, social, and governance (ESG) factors.

The rule “clarifies” the 1974 Employee Retirement Income Security Act (ERISA), which Donald Trump’s Labor Department amended with a rule to prevent fund managers from considering factors that were immaterial to financial performance or risk.

The Biden administration’s rule will now allow retirement fund managers to consider factors like climate change, a company’s attitude toward unions, and the diversity of its workforce when choosing to invest.

Union pension funds and some asset managers claimed Trump’s rule created a “chilling effect” on ESG investing. Well, yeah. There’s that. But how will ESG investing grow my portfolio? And will choosing investment strategies based on whether the company CEO is woke make me richer? – READ MORE

Categories: News

(PREMIUM) PAINE IN THE MORNING: What you need to know this Monday – November 28, 2022

Here’s what you need to know today, Monday – November 28, 2022. Washington Post busts ‘pandemic of the unvaccinated’ narrative – President Biden repeatedly has scolded Americans who choose not to take the experimental mRNA COVID shots under emergency use authorization, charging they are responsible for a “pandemic of the unvaccinated.” On Wednesday, however, the…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter or Monthly Supporter (DG).

True Pundit November 28, 2022

(FREE) PAINE IN THE MORNING: What you need to know this Monday – November 28, 2022

Here’s what you need to know today, Monday – November 28, 2022. There is also a full, ad-free video podcast of this broadcast available…

True Pundit November 28, 2022

0 Comments

(PREMIUM) PAINE IN THE MORNING: What you need to know this Tuesday – January 31, 2023

Here’s what you need to know today, Tuesday – January 31, 2023. 5 Ways The “Inflation Reduction Act” Is Stealing Your Money – Much like the Patriot Act had little to do with making life safer in the U.S., the Biden administration’s “Inflation Reduction Act” has very little to do with reducing inflation. Thanks to this…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter or Monthly Supporter (DG).

True Pundit January 31, 2023

(FREE) PAINE IN THE MORNING: What you need to know this Tuesday – January 31, 2023

Here’s what you need to know today, Tuesday – January 31, 2023. There is also a full, ad-free video podcast of this broadcast available…

True Pundit January 31, 2023

0 Comments

Hot Wire — Spy School; Protecting You & Yours — The Intel Juice is Worth the Squeeze

CLICK HERE to Get or Download the Outline PDF for this material and video. What is Intelligence? Intelligence is truthful, timely, actionable, reliable information that can be used for certain needs, for and about operational environments and threats. Strategy Before covering and applying this material a good mindset to have in place is that from…

To access this post, you must purchase The Hot Wire or The Hot Wire (DG).

Mike December 21, 2023

Responses

You must be logged in to post a comment.

Related Articles

Responses