yes ez to do Randy

6Mon Nov 7, 2022 – 12:55 pm ESTListen to this article0:00 / 8:501XBeyondWords(American Thinker) — One persistent myth in today’s materialistic society is that money rules everything. Those wishing to understand why people act the way they do are told to “follow the money.” The lust for power and wealth trumps everything.However, there are more important things than money — even on Wall Street. Some liberal businessmen and investment management firms often sacrifice profits to promote their leftist ideological causes.The case of the BlackRock index fund is one example of misplaced ideological motives. The company has used its financial muscle to browbeat others into toeing ecological, social and governance (diversity) lines. However, BlackRock is now getting a taste of its own medicine. It is paying the penalty for insisting that others bow before the gods of “woke” culture.Introducing the ESG rating systemBlackRock is a major player in the latest Wall Street craze of using a rating system to decide who receives its massive supply of investment dollars. This new social credit scheme evaluates investment possibilities based on their compliance with environmental, social and governance (ESG) targets. A state (e.g., Utah), county, city, or company with a negative ESG rating can see itself choked off credit or investment capital.READ: Ex-banking analyst explains how ESG scores are weaponized against CEOs to force them to go ‘woke’On January 15, 2020, BlackRock founder and CEO Larry Fink sent a letter to CEOs saying that he will use its power to ensure “every government, company, and shareholder must confront climate change.”The plight of these targeted companies is made worse by investment managers at index funds like BlackRock, who control vast numbers of shares. They can use the ESG ratings against corporate boards by promoting shareholder resolutions to force management to advance liberal social causes, eco-climate standards, and diversity employment goals. ESG eco-activists especially target fossil-fuel companies that are slated ideologically for extinction.BlackRock is the world’s largest asset manager, with index funds worth $10 trillion. With Vanguard and State Street — all under “woke” management — Blackrock has been using its massive financial muscle to steer Wall Street down disastrous ideological paths.A boomerang for BlackRockWall Street and investors are pushing back.Analysts are saying that making financial decisions on ideology is a risky affair. It cannot be sustained and left unpunished.BlackRock’s energetic focus on ESG investing is affecting its bottom line. The index fund’s performance is deteriorating, and risks are accumulating. In the face of this situation, UBS Wealth Management recently downgraded ratings for BlackRock (NYSE: BLK) by now listing it as a “Neutral” recommendation rather than a “Buy.” The bank also cut the target stock price to $585 from $700.2022-11-09T00:00:00.000ZSUBSCRIBE TO OUR DAILY HEADLINESEmail US Canada CatholicThe new recommendations were made based entirely on BlackRock’s reckless ESG positioning. UBS says that stubborn insistence on this course could also trigger increased regulatory inspections and investor withdrawals.Thus, the company pressuring countless firms to adopt more “woke” positions has suddenly found a boomerang coming in its direction. Investors and analysts are now telling BlackRock that ESG shenanigans are bad business and want it stopped.Feeling the pressure, BlackRock has posted “clarifications” on its website that seek to dispel the idea that it has boycotted fossil fuel investments entirely by highlighting some special funds that feature them. Nevertheless, the firm continues offering a list of other funds that exclude fossil fuels. It still supports shareholder resolutions that promote the ESG agenda.Abandoning ESG effortsIt may be too late for clarification. Business executives are questioning the need for the ESG project that BlackRock pushes so hard. A recent KPMG survey of hundreds of top executives found that they have major reservations about ESG. Some 59% of CEOs admitted they “plan to pause or reconsider their organization’s ESG efforts in the next six months as they adjust their strategy to prepare for a recession.”READ: BlackRock stock downgraded after pushing radical ESG agendaExecutives in the real world realize they can no longer absorb the high costs of radical activism in hard times. They need to make money to keep their workers employed and firms open. ESG efforts without returns on investment are unsustainable.Executives are suddenly realizing that ESG is focused on controlling and forcing behaviors. It is doing through capital markets what radical activists could not do through democratic processes.Divesting from BlackRockInvestors are also taking note and divesting from BlackRock. They properly see this “degrowth” mania as suicidal to their interests and those of the nation. At a time of increased energy needs, for example, it makes no sense to use other people’s money to serve ideologies hell-bent on starving energy companies of capital.Republican officials are withdrawing state pensions and other funds from BlackRock.

yes absolutely Randy

good morning woke around 6 a.m.

wow then he might know depending on what his father told him

Always thought Alice in Chains

could you check?

you need a heater I think

Love That Song!

I am going to try to use them

wouldn’t doubt it at all Randy

the cabal front members LOOK GOOD tho ALWAYS it seems