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DeSantis Moves to Scrap ESG From all Florida State-run Fund Managers
New American ^
| January 17, 2023
| James Murphy
Posted on 01/17/2023 6:46:30 PM PST by Golden Eagle
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To: Golden Eagle
2
posted on
01/17/2023 6:47:36 PM PST
by
Fai Mao
(Stop feeding the beast, and steal its food!)
To: Golden Eagle
Ron continues to impress. America is watching.
4
posted on
01/17/2023 6:54:42 PM PST
by
proust
(All posts made under this handle are, for the intents and purposes of the author, considered satire.)
To: Golden Eagle
Will someone please outline President Trump’s position on ESG, and the measures he took against it while in office? Maybe we should ask Ivanna and her husband.
Crickets???
Yeah, thought so.
5
posted on
01/17/2023 7:00:52 PM PST
by
datura
(Eventually, the Lord and the Truth will win.)
To: datura
6
posted on
01/17/2023 7:01:24 PM PST
by
datura
(Eventually, the Lord and the Truth will win.)
To: proust
7
posted on
01/17/2023 7:03:16 PM PST
by
No name given
(Anonymous is who you’ll know me as. )
To: Golden Eagle
ESG = Corporate Fiduciary Negligence
8
posted on
01/17/2023 7:12:37 PM PST
by
EEGator
To: Golden Eagle
A good message for Davos where the Blackrock CEO is on the scene.
9
posted on
01/17/2023 7:21:38 PM PST
by
Nextrush
(FREEDOM IS EVERBODY'S BUSINESS-REMEMBER PASTOR NIEMOLLER)
To: Golden Eagle
Great news. More states are doing this as well.
To: Golden Eagle
Blackrock has had $1.5 trillion in assets leave. They went from $10 trillion to $8.5 trillion they manage. I really hate these know nothings that think they are smarter then everyone. Biden's ESG Investment Rules Threaten Your Retirement Savings https://townhall.com/columnists/stephenmoore/2023/01/17/bidens-esg-investment-rules-threaten-your-retirement-savings-n2618358 Excerpts: The administration is pushing environmental, social and governance investing, which allows retirement fund managers to select stocks of companies based on their positions on social and environmental issues. Put simply, retirement savings will be used as leverage to force companies to reduce their carbon emissions and establish racial and gender quotas and other social justice fads completely unrelated to securing a high return on workers' lifetime savings. For example, to reduce greenhouse gases, money managers have divested in traditional oil and gas companies such as Exxon or Chevron. How has that worked out so far? Last year, these were two of the highest-performing stocks. Terrence Keeley, a former executive at BlackRock, blew the whistle on this scam in the Wall Street Journal by noting that since 2017, when the ESG fad took hold, these funds have had an annual rate of return of 6.3% -- versus 8.9% for the stock market as a whole. Investors lost 2.6% per year on their retirement funds. There goes the down payment on that retirement home in Arizona or Florida. Bravo to Vanguard for pulling out of the ESG scam. If you've invested your money with BlackRock or State Street, you might want to ask why they haven't done the same.
11
posted on
01/17/2023 10:22:40 PM PST
by
minnesota_bound
(Need more money to buy everything now)
To: Golden Eagle
Blackrock has had $1.5 trillion in assets leave.
They went from $10 trillion to $8.5 trillion they manage.
I really hate these know nothings that think they are smarter then everyone.
Biden’s ESG Investment Rules Threaten Your Retirement Savings
https://townhall.com/columnists/stephenmoore/2023/01/17/bidens-esg-investment-rules-threaten-your-retirement-savings-n2618358
Excerpts:
The administration is pushing environmental, social and governance investing, which allows retirement fund managers to select stocks of companies based on their positions on social and environmental issues.
Put simply, retirement savings will be used as leverage to force companies to reduce their carbon emissions and establish racial and gender quotas and other social justice fads completely unrelated to securing a high return on workers’ lifetime savings.
For example, to reduce greenhouse gases, money managers have divested in traditional oil and gas companies such as Exxon or Chevron. How has that worked out so far? Last year, these were two of the highest-performing stocks.
_________
Terrence Keeley, a former executive at BlackRock, blew the whistle on this scam in the Wall Street Journal by noting that since 2017, when the ESG fad took hold, these funds have had an annual rate of return of 6.3% — versus 8.9% for the stock market as a whole. Investors lost 2.6% per year on their retirement funds. There goes the down payment on that retirement home in Arizona or Florida.
___________
Bravo to Vanguard for pulling out of the ESG scam. If you’ve invested your money with BlackRock or State Street, you might want to ask why they haven’t done the same.
12
posted on
01/17/2023 10:24:16 PM PST
by
minnesota_bound
(Need more money to buy everything now)
To: datura
He made the US energy independent for the first time in decades. You not knowing that is embarrassing.
13
posted on
01/17/2023 10:34:47 PM PST
by
Chgogal
(Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell..)
To: minnesota_bound
14
posted on
01/17/2023 10:39:35 PM PST
by
citizen
(Our Constitution was made only for a moral and religious people - John Adams 1798)
To: citizen
It was the carets < > I used around a word that messed things up.
15
posted on
01/17/2023 11:15:23 PM PST
by
minnesota_bound
(Need more money to buy everything now)
To: Golden Eagle
To: Golden Eagle
DeSantis: How America should be run... Thank you!
By the way, do you have any Secret Classified Files in your Corvette? 🤓
17
posted on
01/18/2023 4:46:25 AM PST
by
Deplorable American1776
(Defund the FBI, the American Stasi.. Hello 2023, can we get over 2020 yet? )
To: Golden Eagle
Q: Gov, why haven’t you secured Florida’s elections?
18
posted on
01/18/2023 4:48:08 AM PST
by
mewzilla
(We will never restore the republic if we don't first secure the ballot box.)
To: Golden Eagle
So by this action he could cause what funds are invested to produce diminishing returns. And perhaps those funds are part of the state retirement system for example. The funds thus under perform and could possibly affect future retirement plans for state employees. The state fund managers job should be to maximize returns...not virtue signal which is what this is.
Just another example of a not well thought out response...but it does garner headlines and convinces people he’s “doing something”.
To: mewzilla
Florida’s elections have been secured a lot more than the ones Trump has failed to secure. Of course you don’t care about all those.
20
posted on
01/18/2023 5:24:40 AM PST
by
Golden Eagle
(The LGBT indoctrination agenda is designed to outlaw the Bible, and anyone who follows it.)
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