An Alabama lawyer and economist said that a recent lawsuit from the state of Tennessee against the financial titan BlackRock, Inc. over its environmental, social, governance (ESG) investment strategy could shed light on the massive asset management corporation.
Independent journalist James O’Keefe released a video on Wednesday morning in which an alleged BlackRock Inc. employee suggested the company is purchasing politicians and profiting off of war. One Alabama lawyer, economist and think-tank leader said it’s a sign that the company has “an uncanny and nefarious ability to influence politicians.”
The Alabama Senate approved a $1 million appropriation for Troy University’s Johnson Center for Political Economy last week in its Education Trust Fund budget, but Johnson Center executive director Allen Mendenhall said he only found out about this when a reporter showed him the bill.
State Auditor Andrew Sorrell defended the fight against government contracts with companies that discriminate using woke environmental, social governance (ESG) criteria in a letter to Troy University on Thursday.
An Alabama economist weighed in on last week’s Silicon Valley and Signature Bank Collapse, explaining that the central banking system is the “leading problem” of the country’s financial situation and warning that President Joe Biden’s assurance of the banking system’s safety “could backfire.”
ESG in financial services will sharpen political divides, taking the culture war to board rooms and then to all companies (because all companies depend on financial services).
The Manuel H. Johnson Center for Political Economy at Troy University is creating a Free Enterprise Scholars program to help combat the growing left-wing bias in corporations and businesses in Alabama and across the country.