Is ESG dying? From state governments to financial institutions, the list of entities abandoning the woke measurement is increasing. You can add Vanguard to the chorus of banks ditching the environmental, social and governance (ESG) initiative. Tim Buckley, the CEO of Vanguard, told the Financial Times: “Our research indicates that ESG investing does not have […]
Archives for February 2023
Great Reset advocates champion rationing to save the planet
By: Graham Noble In 2020, a team of academics from the University of Leeds in the United Kingdom produced a paper, “Rationing and Climate Change Mitigation,” which argued, as the title suggests, that rationing fuel, food, and even clothes could be an effective way to reduce carbon emissions. The paper was accepted by the journal Ethics, […]
U.S. consumers losing confidence again in the Biden economy: CB
Americans are losing confidence in President Joe Biden’s economy as inflation continues to outpace wages. The Conference Board Consumer Confidence Index (CCI) fell for the second consecutive month, coming in at 102.9 in February, down from a downwardly revision of 106.0 in January. The Present Situation Index edged up to 152.8, while the Expectations Index […]
Iraq ditching U.S. dollars for Chinese yuan in trade with Beijing
You can add Iraq to the list of countries at least considering dumping the U.S. dollar for the Chinese yuan. Iraq’s central bank is poised to permit trade with China to be settled in yuan rather than dollars, Reuters reported. The Iraqi central bank announced last week that it intends to allow transactions in the […]
Orange juice continues to be top asset in global financial markets
Eggs are soaring. Butter is surging Margarine is climbing. Nearly every food item listed in the consumer price index (CPI) is higher than a year ago, with many of them rising month-over-month. But here is one food product that continues to be one of the best assets in the global financial markets: orange juice. Over […]