USAToday, Daniel de Visé The youngest baby boomers, born in the era that spawned Beatlemania, face a looming retirement crisis, researchers have found. “Late boomers,” Americans born between 1960 and 1965, have less retirement wealth, and much less retirement savings, than either older boomers or “war babies,” generations born between 1942 and 1959, according to a…
BY SARAH E. HUNT, OPINION CONTRIBUTOR – thehill.com In 2023, during state legislative sessions, approximately 165 bills were framed around using environmental, social and governance (ESG) investment criteria. Such bills will likely continue to be presented in state legislative sessions this year, but the new trend is to take this issue to the courtroom. Before the holidays,…
By Nick Sobczyk , author of Axios Pro: Energy Policy – axios.com Some conservatives want Congress to stop politicizing ESG. Driving the news: A coalition of center-right and free-market groups sent a letter to Financial Services Committee leaders Thursday arguing that legislators shouldn’t “pass more bans or mandates targeting the investment decisions of individuals, pension funds, or businesses.”…
BY CASEY QUINLAN – kansasreflector.com Republican state policymakers’ efforts to boost fossil fuels by prohibiting their governments from doing business with companies that take sustainability into consideration has the potential to cost states millions, according to a study released Thursday. Researchers looked specifically at the possible effects on Florida, Kentucky, Louisiana, Missouri, Oklahoma and West Virginia if…
Tennessee Attorney General Jonathan Skrmetti probably does not read the academic journal Managerial Finance, but at the start of this month a guest editorial there nicely summarized some very relevant work casting doubt on a bizarre and unnecessary lawsuit Skrmetti is pursuing. In our name, Tennessee’s AG is suing BlackRock, a large asset manager with…
By CLIFTON ADCOCK – readfrontier.org A former state employee, backed by pension groups and an organization that represents public workers, is suing to overturn an Oklahoma law banning the state from doing business with financial firms accused of boycotting the fossil fuel industry. Don Keenan worked at the Oklahoma Employment Security Commission as a disabled…
By MARGARIDA CORREIA -pionline.com Oklahoma Public Employees Retirement System fired back at Oklahoma Treasurer Todd Russ in a letter rebuffing Russ’ accusations that the $10.3 billion pension fund violated the law when it voted to keep BlackRock and State Street as asset managers. The two firms, which manage roughly 60% of Oklahoma City-based OPERS’ assets, are among six…
Supposed free-market champions are limiting the freedom of investment managers, leading to lower returns and higher interest rates on bonds. In the face of fires, record heat, floods and other extreme weather events across the country, House Republicans are using much of July to oppose financial transparency related to climate risks and to attack investor freedoms. Their reckless course…
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