Wall Street

An EKG on ESG Investing

Featured image The hottest new thing for Woke Wall Street is “ESG” investing, where ESG stands for “environment, social, and governance.” In other words, investing in politically correct sectors like “green” energy, media, and so forth, and avoiding investing in tobacco, arms manufacturers, and above all fossil fuel energy companies. ESG has become, Barron’s reports, “one of Wall Streets favorite buzzwords.” Only the name and acronym are new. Twenty years ago “sustainable” »

History Reruns

Featured image Today’s foundational texts are the famous Marx quote about history repeating itself first as tragedy and then as farce, and Santayana’s axiom that those who forget the past are doomed to repeat it. • On the first, we have the ever-farcical liberals going from stepping on rakes to stepping on land mines. Or in this case, Vice President Kamala Harris telling the people of West Virginia that they need to »

Our Gamestop “Short Squeeze” Politics

Featured image I imagine a lot of readers are following the tulip-mania over Gamestop, which is roiling Wall Street and costing a lot of hedge funds some serious money. It is certain to end as such speculative excess always does—with a crash leaving a handful of people who got out at or near the top with nice gains, and a lot of losers on the side of the road. It is sure »

Feel Good Story of the Day

Featured image I’m not sure whether it is wise to admit this to Power Line readers, but I once had lunch with George Soros in his office in New York, at his invitation. (It was . . . interesting.) And I also think some of his initiatives in eastern Europe after the collapse of the Soviet empire in the early 1990s through his Open Society Institute were actually laudatory and helpful to »

Paging Joe Klein

Featured image Everyone’s running out of cliches to describe how the news that the FBI is reopening its investigation of Hillary Clinton’s emails may affect the last 10 days of the campaign. The fact that it involves emails found on the smart phone of dumb guy Anthony Weiner is just a bonus. As of this afternoon, this crazy election cycle has gone from a reality TV show to a Joe Klein roman »

A desperate Hillary attacks Sanders for supporting legislation Bill signed

Featured image Under powerful attack from Bernie Sanders in last night’s debate over her cozy relationship with Wall Street titans like Goldman Sachs, Hillary Clinton stated that Sanders is “the only one of this stage that voted to deregulate the financial market in 2000. . .which [was] one of the main causes of the collapse in ’08.” Sanders, of course, was the only one of the stage who could have voted to »