The Woke Street Journal
We are ringing the closing bell for TGLR on the CBOE on Thursday in Chicago. If anyone is around and wants to come please let me know.
No More DEI at the University of Florida-WSJ
The University of Florida said it is dismissing all DEI staff, closing its DEI office and halting DEI contracts with outside vendors. The school also announced the laid-off staff would get 12 weeks of severance, and that the $5 million saved from the cost of DEI would go to a “faculty recruitment fund.” That’s a wrap, folks.
Trump tried to crush the 'DEI revolution.' Here's how he might finish the job.-USA Today
Led by the Heritage Foundation think tank, which has helped mold the policies of Republican administrations since the Reagan presidency, conservative interests have drawn up a sweeping plan known as Project 2025 in anticipation of Trump’s return to power. Part of that agenda goes after the decades-long corporate drive to increase racial diversity in cubicles and executive suites.
BlackRock Admits Its Bottom Line Could Be Hurt By ESG Investing-Daily Wire
“If BlackRock is not able to successfully manage ESG-related expectations across varied stakeholder interests, it may adversely affect BlackRock’s reputation, ability to attract and retain clients, employees, shareholders and business partners or result in litigation, legal or governmental action, which may cause its AUM, revenue and earnings to decline,” the company wrote in its filing.
Easy fix. Step Aside, ESG. BlackRock Is Doing ‘Transition Investing’ Now-WSJ
Climate investing is booming at BlackRock Just don’t call it ESG.
After crusading for years for investment funds and companies to take into account environmental, social and governance factors, Larry Fink has purged the letters from his vocabulary.
He attempted to use BlackRock’s clout as the steward for millions of investors to prod companies toward climate-friendly policies and press them to disclose the social effects of their businesses. He long argued that the world’s largest asset manager and its peers could make money and make the world a better place at the same time.
But I thought investing was about saving for retirement and putting my kids through college? The integral role of ESG in achieving sustainable financial inclusion-Vanguard
A $1.5 Trillion ‘ESG’ Debt Market Has Started Bleeding Clients-Bloomberg
Extra regulatory requirements, fewer financial incentives and the risk of being accused of greenwashing are putting off clients who just a few years ago were champing at the bit to attach an environmental, social or governance label to their financing, according to bankers and lawyers close to the market.
The products in question are so-called sustainability-linked loans, a market that BloombergNEF has estimated is worth $1.5 trillion, making it second in size only to the global market for green bonds. Largely unfettered by regulations, borrowers and financiers have been relatively free to construct their own standards for SLLs. But as financial watchdogs start to erect guardrails around ESG labeling, a broader market retreat appears to be underway.
Explain to me how a company that sells diabetes water should be championed by investors? Coca-Cola HBC: The World’s Most Sustainable Beverage Company-Sustainability
Makes sense since “anti racist” just means reverse discrimination. Uber and Citi Cut ‘Anti-Racist’ From Corporate Vocabulary Following DEI Backlash-Bloomberg
Take Uber Technologies Inc. Not long ago, the ride-share giant said it wasn’t enough for the company to be not racist. In the wake of George Floyd’s murder in 2020, Uber promised to be anti-racist — a squishy term encompassing efforts to counter systemic racial prejudice.
Now, “anti-racist” has been struck from its latest corporate filings. Similar edits are getting penciled in at a wide range of companies as businesses big and small grapple with the conservative backlash against diversity initiatives.
The changes might seem cosmetic. But taken together, they point to the new reality around diversity, equity and inclusion, or DEI.
Is the Gemini fallout a 'Bud Light moment' for Google?-Fox Business
Maybe…
‘Jeopardy’ Enrages Conservative Fans With “Woke” Pronouns, Boycott Threatened-Inside the Magic
@Libs of TikTok Jeopardy is now incorporating questions on the made up pronouns xem/xyrs. You can now win money for affirming mental illness.
Sounds better than “illegal aliens” Biden administration calls migrants 'newcomers' in latest woke move-Toronto Sun
El Salvador Takes ‘Gender Ideology’ Content Out of Schools-Breitbart
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