ESG

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When Right Thinking Californians Learn About Tennessee’s Policy Agenda, They Might Be Ready to Call a Realtor

I recently traveled to Nashville to attend the annual Heritage Foundation Resource Bank conference, and annual gathering of conservative policy leaders from around the country. While at the conference, I had the opportunity to hear great speakers including Tennessee Gov. Bill Lee and Virginia Attorney General Jason Miyares and attend ...
Business & Economics

The Empty Case for Stakeholder Capitalism and ESG Investing

Instead of promoting responsible behavior, these practices undermine the principles of good corporate governance. Larry Fink, the chairman and CEO of BlackRock, is selling the idea that the world economy must embrace stakeholder capitalism and environmental, social, and governance (ESG) investing. Don’t worry, though, he wants you to know that stakeholder ...
Business & Economics

The SEC Is Considering Rules That Would Discourage Transparency And Encourage Inaccuracy

The SEC, under former Chairman Jay Clayton, issued a rule that improved the proxy advisory services market by promoting transparency and holding proxy firms more accountable for inaccuracies. Rather than implementing the necessary improvements to these reforms, Chairman Gary Gensler intends to roll-back the progress already made. Proxy advisory firms ...
Business & Economics

Wayne Winegarden in the Wall-Street Journal, “Tidal Wave of ESG Funds Brings Profit to Wall Street”

Tidal Wave of ESG Funds Brings Profit to Wall Street By By Michael Wursthorn March 16, 2021 Sustainability has been good for Wall Street’s bottom line. Exchange-traded funds that explicitly focus on socially responsible investments have 43% higher fees than widely popular standard ETFs. The environmental, social, and governance funds’ ...
Business & Economics

The OCC Is Right, Politics Should Not Determine Credit Access

The Office of the Comptroller of the Currency (OCC) is considering a rule (i.e., Fair Access to Bank Services, Capital, and Credit), which would ensure that banks provide equal access to financial services, without discrimination. Such clarification is sorely needed. It should go without saying, that banks should not discriminate ...
Business & Economics

PRI’s Wayne Winegarden Submits Comments on Proposed Rule on Fair Access to Bank Services

Dr. Wayne Winegarden, PRI senior fellow in business and economics, today submitted comments to the Office of the Comptroller of the Currency responding to their proposed rule on “Fair Access to Bank Services, Capital and Credit.” In the letter, Winegarden writes, “it should go without saying that banks should not ...
Business & Economics

Bloomberg Article on ESG Quotes PRI’s Wayne Winegarden

A Sign the ESG Movement Is Too Big to Ignore: There’s Backlash In the waning days of the Trump administration, several agencies are pushing back on the notion that corporations should prioritize anything other than profits. By  Peter Coy, December 22, 2020, 2:00 AM PST The legal principle that corporate ...
Business & Economics

Wayne Winegarden Quoted in Bloomberg Story on ESG Investing

A Sign the ESG Movement Is Too Big to Ignore: There’s Backlash By Peter Coy The legal principle that corporate boards must focus exclusively on maximizing value for shareholders wasn’t always taken for granted. It was enshrined in a 1919 court decision involving Henry Ford and two of his car ...
Business & Economics

If ESG Enhances Profits, Then Why All The Fuss?

The Department of Labor finalized a rule last month that, as the Wall Street Journal editorial page noted, should not be controversial. The rule states that private pensions cannot let ancillary issues distract them from their primary mission of securing their beneficiaries’ retirement.  Failure to achieve this mission jeopardizes the financial ...
Blog

Who’s Better for the Stock Market? Republicans vs. Democrats

Free marketers often assume that between the two political parties, Republicans are better for the stock market.  It makes sense. Republicans believe that economic growth can be achieved by reducing regulation and costs for businesses and relying on competition to encourage innovation.  In contrast, Democrats believe that government should take ...
Blog

When Right Thinking Californians Learn About Tennessee’s Policy Agenda, They Might Be Ready to Call a Realtor

I recently traveled to Nashville to attend the annual Heritage Foundation Resource Bank conference, and annual gathering of conservative policy leaders from around the country. While at the conference, I had the opportunity to hear great speakers including Tennessee Gov. Bill Lee and Virginia Attorney General Jason Miyares and attend ...
Business & Economics

The Empty Case for Stakeholder Capitalism and ESG Investing

Instead of promoting responsible behavior, these practices undermine the principles of good corporate governance. Larry Fink, the chairman and CEO of BlackRock, is selling the idea that the world economy must embrace stakeholder capitalism and environmental, social, and governance (ESG) investing. Don’t worry, though, he wants you to know that stakeholder ...
Business & Economics

The SEC Is Considering Rules That Would Discourage Transparency And Encourage Inaccuracy

The SEC, under former Chairman Jay Clayton, issued a rule that improved the proxy advisory services market by promoting transparency and holding proxy firms more accountable for inaccuracies. Rather than implementing the necessary improvements to these reforms, Chairman Gary Gensler intends to roll-back the progress already made. Proxy advisory firms ...
Business & Economics

Wayne Winegarden in the Wall-Street Journal, “Tidal Wave of ESG Funds Brings Profit to Wall Street”

Tidal Wave of ESG Funds Brings Profit to Wall Street By By Michael Wursthorn March 16, 2021 Sustainability has been good for Wall Street’s bottom line. Exchange-traded funds that explicitly focus on socially responsible investments have 43% higher fees than widely popular standard ETFs. The environmental, social, and governance funds’ ...
Business & Economics

The OCC Is Right, Politics Should Not Determine Credit Access

The Office of the Comptroller of the Currency (OCC) is considering a rule (i.e., Fair Access to Bank Services, Capital, and Credit), which would ensure that banks provide equal access to financial services, without discrimination. Such clarification is sorely needed. It should go without saying, that banks should not discriminate ...
Business & Economics

PRI’s Wayne Winegarden Submits Comments on Proposed Rule on Fair Access to Bank Services

Dr. Wayne Winegarden, PRI senior fellow in business and economics, today submitted comments to the Office of the Comptroller of the Currency responding to their proposed rule on “Fair Access to Bank Services, Capital and Credit.” In the letter, Winegarden writes, “it should go without saying that banks should not ...
Business & Economics

Bloomberg Article on ESG Quotes PRI’s Wayne Winegarden

A Sign the ESG Movement Is Too Big to Ignore: There’s Backlash In the waning days of the Trump administration, several agencies are pushing back on the notion that corporations should prioritize anything other than profits. By  Peter Coy, December 22, 2020, 2:00 AM PST The legal principle that corporate ...
Business & Economics

Wayne Winegarden Quoted in Bloomberg Story on ESG Investing

A Sign the ESG Movement Is Too Big to Ignore: There’s Backlash By Peter Coy The legal principle that corporate boards must focus exclusively on maximizing value for shareholders wasn’t always taken for granted. It was enshrined in a 1919 court decision involving Henry Ford and two of his car ...
Business & Economics

If ESG Enhances Profits, Then Why All The Fuss?

The Department of Labor finalized a rule last month that, as the Wall Street Journal editorial page noted, should not be controversial. The rule states that private pensions cannot let ancillary issues distract them from their primary mission of securing their beneficiaries’ retirement.  Failure to achieve this mission jeopardizes the financial ...
Blog

Who’s Better for the Stock Market? Republicans vs. Democrats

Free marketers often assume that between the two political parties, Republicans are better for the stock market.  It makes sense. Republicans believe that economic growth can be achieved by reducing regulation and costs for businesses and relying on competition to encourage innovation.  In contrast, Democrats believe that government should take ...
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