July 29, 2020
At the end of last month the Department of Labor published a new notice of proposed rulemaking on the investment choices that private pension fund managers are allowed to make on behalf of their beneficiaries. The most proposed rule would clarify when it is possible to use environmental, social, and governance considerations when investing on behalf of pension fund beneficiaries.
June 24, 2020
In a Wall Street Journal op-ed, Labor Secretary Scalia explains the reasoning behind a proposed rule reaffirming that pension funds should focus on providing benefits to retirees. The current vogue for investments guided by environmental, social, and corporate governance goals has raised concerns that fund managers have been playing politics with the retirement nest eggs of American workers.
June 10, 2020
Are you struggling to stay informed in an Internet landscape full of conflicting sources and analysis? Good news—a New York Times bestselling author (and former New York Times columnist) has the solution. Just read The New York Times!
June 5, 2020
Advocates of “social responsibility” and environmental, social, and governance standards for companies have little interest in their proposed requirements being voluntary, despite frequent protestations to the contrary.
June 3, 2020
The Financial Times reported that many companies have cut dividends to shareholders because they are struggling with the current economic downturn. But even after we’ve recovered from the current emergency, reporter Billy Nauman writes, “[the] popularity of environmental, social and governance (ESG) investing could mean that dividend cuts extend beyond the downturn.”
May 29, 2020
Iain Murray has a great essay up at Law & Liberty today on why some groups of Americans are perceiving quarantine policies so differently from others. The reason is largely because different Americans have different value hierarchies—they prioritize different values when it comes to public policy.
May 22, 2020
One on the main goals of the Competitive Enterprise Institute’s Center for Advancing Capitalism is for more business leaders to prioritize the defense of the political environment—limited government and a market economy—that makes their own success in business possible.
May 20, 2020
This review of Philip Henry Wicksteed’s 1910 textbook The Common Sense of Political Economy was originally published at Inertia Wins. Wicksteed was a leading economic writer of his day, but also an intellectual of wide-ranging interests and a Unitarian minister.
May 13, 2020
Long before we began debating the wisdom of neoconservative foreign policy, Irving Kristol was writing about domestic economic policy and the future of capitalism. His 1978 book Two Cheers for Capitalism addresses the issues of the day and makes conservative arguments about how people will be dissatisfied with any society that delivers material prosperity but seems to lack a higher meaning.
May 5, 2020
Some CEOs seem to have more hours in the day than others. Such is the case of Karen Wright, the head of Ariel Corporation, a leading maker of natural gas compressors. Leading this successful American manufacturing company since 2001, she has carved out a role as an advocate for her industry and her convictions.