Editorial

Woke asset managers like BlackRock and Vanguard have been forcing publicly held companies like Chevron and Exxon to embrace insane ESG (environmental, social and governance investment policies) that are harmful to investors—policies that Warren Buffett has called “asinine”, and corporate Boards were rendered helpless—that is until Louisiana Attorney General Jeff Landry issued a stern warning to his state pension board that ESG investing is likely a violation of their Fiduciary Duties.

As global oil prices somewhat ease as Europe’s economy overheats into recession , falling prices will eventually bring along another unfortunate aspect of the business cycle: the impact on labor markets. Inflation and unemployment are said to have an inverse relationship. When prices are generally rising, unemployment is usually falling, and when they start to fall, as in deflation, unemployment usually rises, the worst example being the 1930s and the Great Depression.

Dear Editor: