Free Republic

New rule lets money managers factor in 'climate change and racial justice' ... Joe Biden is being sued for his scheming to inject politics into retirement accounts – the savings millions of Americans have set aside for their own senior years. ... That would let those managing retirement accounts to use "environmental, social, and governance" factors in their management of others' money. ... "Imposing ESG factors not only violates the Employment Retirement Income Security Act of 1974 (ERISA), which governs the operation of retirement plans and protects the hard-earned savings of millions of employees from mismanagement and abuse, but undermines...

Chevron Corp. turned out to be one of the top performing assets David Root included this year in the workplace retirement portfolios his firm manages for companies that offer employee 401k plans. And he makes no apologies for the investment. “If you didn’t have energy as part of your portfolio this year — which averaged 35% to 40% returns — you had no chance of outperforming the S&P 500,” said Mr. Root, CEO of DBR & Co., Downtown. Some fund managers guided by their environmental, social and governance values rather than pure financial considerations might have ruled out an investment...

President Bush should call for Congress to hold hearings and set up a federal structure for resolving end-of-life issues. Among others, the following issues should be decided and written into law: (a) Should removal of a feeding tube be treated the same as disconnecting a life-support system? (b) What standards should be used for requiring a feeding tube be inserted (i.e., mandatory rather than volitional)? (c) There should be a safe harbor for removal of a feeding tube if certain regulations are followed: (i) The person with the feeding tube should have his own legal representation (ii) A living will...