Loyola: But what the government did in places like Detroit was the worst thing that it could’ve done. It adopted a combination of disastrous policies that created enormous labor market rigidity. It wasn’t just taxes, it was protectionism, it was…
The end of ESG? BlackRock admits adverse effects in SEC filing
BlackRock’s penchant for ESG is already coming back to bite it in the behind. In its annual filing with the Securities and Exchange Commission, the financial behemoth openly admitted its ESG activism poses a serious risk to its business. In the company’s words, the House of Cards could tumble “if BlackRock is not able to successfully manage...