The failure of Silicon Valley Bank has become the latest target for conservative politicians and news outlets in their mounting campaign against ESG.
The acronym refers to a form of investing that considers environmental, social and governance risk factors. But in the US, many Republicans have also adopted “ESG” as shorthand for a left-leaning agenda that’s un-American.<…
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Netflix faced immediate backlash in March after announcing that it was going to begin making some subscribers pay an additional fee for sharing their account with users outside their household. The company then said in an April shareholder letter that it lost 200,000 subscribers in the first quarter of 2022 and forecasted greater losses to come. But some users, especially younger ones, are left…
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Bill Gates outlined how he thinks about the risks from artificial intelligence (AI) in a blog post on Tuesday. While Gates remains excited by the benefits that AI could bring, he shared his thoughts on the areas of risk he hears concern about most often.
In the post, titled The risks of AI are real but manageable, Gates discusses five risks from AI in particular. First, AI-generate…
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Jenny Just is a legit self-made billionaire. She won’t say how many billions, but calls a 2022 estimate of one and a half of them “conservative.” You haven’t heard of her, because until now, she’s had no reason to be out in public; with four kids and four companies, she likes to say, she has had plenty to keep her occupied. Plus, rich people often feel safer with a…
Read moreLarry Fink doesn’t want to use the term ESG anymore, and the longtime BlackRock CEO said he is “ashamed” to have been drawn into the political debate over the term. At a quick glance, those comments from Fink made at Aspen Ideas on June 25 might sound like a moment for right wing culture warriors to celebrate. After all, Fink is one of the world’s most influential invest…
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