GOP Calls Out Biden’s Attempt to Impose a ‘Green New Deal’ Through Wall Street Regulation

A group of 40 House Republicans sent a letter to the Securities and Exchange Commission (SEC) Monday, urging the agency to rescind a regulatory proposal forcing companies to disclose “climate-related risks.”

The Republicans, led by House Oversight Subcommittee on Environment Ranking Member Ralph Norman, slammed the financial regulator, saying it exceeded its congressionally-mandated authority in issuing the climate rule, in the letter obtained exclusively by the Daily Caller News Foundation. The lawmakers added that the rule was especially inappropriate given the ongoing energy crisis.

Read More

Schweizer: The Titans of Wall Street Are Among China’s Closest American Allies

TRANSCRIPT: McCabe: One of the great ironies in investigative journalist Peter Schweizer’s new book Red-Handed is the degree to which the Chinese Communist Party has infiltrated the very heart of American capitalism on Wall Street. Schweizer told The Star News Network that the titans of Wall Street are among China’s…

Read More

Schweizer: BlackRock CEO Larry Fink, Other Wall Street Leaders Partner with Chinese Coal, Military Enterprises

The investigative journalist and author of Red-Handed: How American Elites Get Rich Helping China Win told The Star News Network the titans of capitalism on Wall Street are now the partners of the Chinese Communist Party.

“What China wants from Wall Street is access to Western capital with no questions asked, and unfortunately the biggest fans on Wall Street are prepared to give it to them,” said Peter Schweizer, who is the president and founder of the Government Accountability Institute and the host of The Drill Down podcast.

Read More

Woke Investment Firm Will Require Approval to Hire White Men

Cyrus Taraporevala

According to several Sunday reports, one of the world’s largest investment firms has set strict guidelines on when white men can be hired in a new diversity initiative. 

State Street Global Advisors will require leaders to seek approval before they hire white men, according to Fox Business. 

Read More

Marco Rubio Proposing GOP Divorce from Big Business

Florida Sen. Marco Rubio (R) is calling for Republicans to break from big business in policy and polities when he spoke at the National Conservatism Conference yesterday. He also penned an op-ed in the Orlando Sentinel saying America’s largest companies have peddled “anti-American ideologies” and “wokeness” which has contributed to America’s growing partisan divide.

Rubio comments from the conference were pared down into another op-ed posted in The American Conservative where he said if conservatives do not fight back using “corporate patriotism,” Rubio said “we would lose America.”

Read More

U.S. Consumer Spending Grew Slowly in September amid High COVID-19 Cases, Supply Chain Problems and Rising Inflation

U.S. consumer spending growth slowed in September, and income dropped due to high COVID-19 cases, supply shortages, rising inflation, and ending unemployment benefits.

Consumer spending increased 0.6% in September, down from a 1% jump in August, the Commerce Department announced Friday. Personal income fell 1% in September, driven by a 72% drop in unemployment insurance benefits that offset a 0.7% spike in wages and benefits, according to The Wall Street Journal.

Economists polled by Reuters projected a 0.5% in consumer spending. Delta variant cases peaked in the middle of September, and the continued supply chain backups have caused shortages and rising prices, making it harder for consumers to purchase their desired goods, the WSJ reported.

Read More

Commentary: Biden’s Desperate Race to the Lying Bottom

On Monday, Joe Biden uncorked the largest lie of a 50-year political career overstuffed with them.

“My Build Back Better Agenda costs zero dollars,” he tweeted. “Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America. And it adds zero dollars to the national debt.”

Read More

Commentary: ESG Investing Is Politics by Other Means

Before Joe Biden’s election, environmental, social and governance (ESG) investing was sweeping all before it. Wall Street was coming to the planet’s rescue and saving capitalism at the same time. It was a self-serving myth. As I show in my new report Capitalism, Socialism and ESG published today, doing well by doing good is no more than Wall Street sales patter. But since the election, financial regulators have been falling over themselves playing catchup.

Read More

DOJ Investigating Traders Who Triggered GameStop Frenzy: Report

The Department of Justice has opened a probe into the stock market frenzy that led to the meteoric rise of “meme stocks” such as GameStop, according to The Wall Street Journal.

Federal investigators are reportedly looking into whether market manipulation played a role in the increased volatility and meme stock surge, The Wall Street Journal reported. As part of the investigation, the Department of Justice (DOJ) subpoenaed information from stock market brokers including Robinhood, the popular investment platform that many investors used to buy GameStop, AMC Entertainment and others.

Read More