As entrepreneurs Elon Musk and Vivek Ramaswamy trek to Washington D.C. to meet with GOP lawmakers this week, they have an even longer road ahead of them to achieve their goals of enacting major cuts to government budgets. The incoming Trump administration has set itself an ambitious goal through the newly-created Department of Government Efficiency […]
As the world’s communications and operations become more concentrated among a handful of tech oligopolies, they become both more efficient and more vulnerable. This became apparent last week as an antivirus software update issued on the evening of July 18 by CrowdStrike, a security software company, caused more than a billion Windows-based computers to cease […]
All stock trades conducted on U.S. exchanges will soon be surveilled by the government, according to a newly implemented plan by the Securities and Exchange Commission (SEC). The SEC’s “Consolidated Audit Trail” (CAT) mandate would “allow regulators to efficiently and accurately track all activity throughout the U.S. markets,” the SEC stated. In announcing the launch […]
As the deadline approaches for the 194 member nations of the World Health Organization (WHO) to sign agreements granting broad new powers to this U.N. subsidiary, its advocates are turning up the heat on member countries to get on board, despite growing resistance to the deal. On March 20, WHO Ambassador and former UK Prime […]
It was four years ago, in March 2020, that health officials declared COVID-19 a pandemic and America began shutting down schools, closing small businesses, restricting gatherings and travel, and other lockdown measures to “slow the spread” of the virus. To mark that grim anniversary, a group of medical and policy experts released a report, called […]
The environmental, social, and corporate governance (ESG) movement has just suffered a major setback, with the withdrawal on Feb. 15 of three of Wall Street’s largest firms from one of the most prominent climate activism clubs. BlackRock, the world’s largest asset manager, JPMorgan Chase, America’s largest bank, and State Street, the world’s third-largest asset manager, […]
The rich and powerful gathered in Switzerland once again for the 54th annual meeting of the World Economic Forum (WEF) under the theme of “rebuilding trust.” This year’s summit includes nearly 3,000 corporate and government leaders from 120 countries. The American delegation will include U.S. Secretary of State Antony Blinken and national security adviser Jake […]
For the first time, and in what may prove to be a precedent-setting case, a global asset manager is being sued for allegedly leveraging investors’ money to pursue political goals. Tennessee Attorney General Jonathan Skrmetti filed a lawsuit on Monday against BlackRock, the world’s largest fund manager with approximately $9 trillion in assets under management, […]
Cryptocurrency guru Sam Bankman-Fried has been found guilty of fraud, money laundering, and more. A 12-member New York jury convicted the 31-year-old FTX founder on all seven counts of fraud and conspiracy in relation to his role in a scheme that cheated customers and investors of at least $10 billion. He now faces decades in […]
State attorneys general from Tennessee, Kansas, and 11 other states put 100 of America’s largest corporations on notice that, following the Supreme Court decision against racial discrimination at Harvard and the University of North Carolina, private companies would be held to the same standard. In a July 13 letter to CEOs of Fortune 100 companies, […]
News Analysis As Harvard and the University of North Carolina (UNC) await a landmark Supreme Court decision, expected this week, on their racial admissions policies, companies are also watching nervously, fearing that the decision could expose their race-based hiring and training programs to civil rights lawsuits. According to a Harvard Business Review 2022 survey, more […]
President Joe Biden used his veto power on Monday to block a bipartisan action from Congress that would have prevented pension fund managers from investing retirees’ money according to environmental and social-justice criteria. “There is extensive evidence showing that environmental, social, and governance factors can have a material impact on markets, industries, and businesses,” Biden […]
The Senate on Wednesday voted to block the Department of Labor rule that allows those managing retirement funds to invest based on environmental, social, and governance (ESG) factors. The White House has signaled President Joe Biden will veto it. NTD speaks to Will Hild, the executive director of Consumers’ Research for analysis. Hild says the […]
FTX bankruptcy attorneys sent out private letters last week to politicians and PACs who received donations from the company, giving them until Feb. 28 to return the money voluntarily or face legal action. According to a company statement, “to the extent such payments are not returned voluntarily, the FTX Debtors reserve the right to commence […]
The Republican-controlled House of Representatives told the Biden administration in no uncertain terms last week that it won’t approve the deal that Treasury Secretary Janet Yellen negotiated with more than 130 other countries to align U.S. corporate tax laws with those developed by the Organisation for Economic Co-Operation and Development (OECD). In one of the […]
U.S. lawmakers are fighting back against a new Biden administration rule that allows retirement money to be invested according to environmental, social, and governance (ESG) criteria. Every GOP senator, plus West Virginia Democrat Joe Manchin, signed on to a disapproval resolution this week in protest of a Department of Labor (DOL) directive which went into […]
Montana Attorney General Austin Knudsen, together with 17 other state attorneys general, has demanded that shipping companies UPS and FedEx explain their newly implemented policies to track and record Americans’ firearms purchases, and disclose whether these policies have been coordinated with the Biden administration. In letters sent on Nov. 29 to FedEx CEO Raj Subramaniam […]
Of all the businesses that are moving out of blue states, those in the gun industry lead the pack. Storied firearms manufacturers, some of them having operated in northern states for centuries, are now heading South. Remington, founded in 1816 and America’s oldest gun maker, announced in November it was moving its headquarters from New […]
Amidst predictions of a political “red wave” in the upcoming mid-term elections, an economic wave has been building for years with no end in sight as companies flood out of blue states and into red states. And as a result of its political divisions, America appears to now be dividing itself into prosperous, high-growth states […]
In an indication that corporate progressivism may be reaching its high water mark, CEOs are starting for the first time to push back against activist employees, in some cases going so far as to fire them rather than steer their companies into the mire of “woke” politics. Last week, Kraken CEO Jesse Powell became the […]
