Misguided ESG

ESG is a misguided, ineffective money-sink. Here's your daily news digest for 21 March 2023.

Misguided ESG
Photo by Karsten Würth / Unsplash
The New York Times’ Misguided ‘Guide’ to ESG | National Review
The Week of March 13, 2023: ESG, crumbling banks, tax, trade and much, much more.

Australia

Should parliament be able to vote on whether to go to war? A former-intelligence-officer-turned-MP is arguing it should
Independent MP Andrew Wilkie blew the whistle on faulty evidence that had led to the Iraq War in 2003. Now, 20 years on, he is inside parliament, arguing decisions on whether to go to war should be made by the whole of parliament, not just by the government.
The Christian vote is searching for a home | The Spectator Australia
In this final week of the upcoming NSW State election, there is still much angst amongst Christians on how best they should cast their vote for the NSW Legislative Council (Upper House) to reflect…
Queensland government ‘looking seriously’ at rent caps amid soaring housing stress
Median rents rose 80% in the central Queensland city of Gladstone, 51% in Noosa and 33% on the Gold Coast over the past five years

International

Japan Minister Discusses Security, China Pact in Visit to Solomon Islands
Japan’s foreign minister met with the Solomon Islands leader on Sunday and brought up about the Chinese security pact.
Memories from Baghdad - The American Conservative
Twenty years after the Iraq invasion: A diplomat recalls sweltering heat and balmy beer.
Why Is NYT Urging America To Buddy Up With Communist China?
The New York Times editorial board published a piece that shows a worrying bias for America’s greatest foe: the Chinese Communist Party.

Business, Finance & Investment

A Stealth Wealth Case Study On What Not To Do To Blend In
As the economy goes down the tubes thanks to a Fed-induced recession, anger against anybody who is perceived to have more wealth or success will go up. As a result, it’s important to practice Stealth Wealth to stay safe and happy. I know anger has increased since the bear market began because I run…
Citi analysts recommend buying silver dip, bearish on copper and zinc
Copper and zinc are out of favor with analysts at Citi, who say they are “incrementally bearish” on the metals over the coming months. “Our updated view is…
Can interest-only repayments breathe life into the Australian market?
Mark Bouris has called on the Federal government to allow astute borrowers ahead of their repayments to switch to interest only payments to stimulate the property sector.

Culture

Count me out of this cultural pessimism
Both the woke and unwoke are wrong about modernity.
The Creepy Advent of Digital Currency
‘Use a Nail Gun to Nail the Heads and Crucify Them’: The Persecution of Christians, February 2023
″[T]he soldiers of the Caliphate... captured five Christians and slaughtered them, praise be to God.” — barnabasaid.org, February 15, 2023, Mozambique. “I went to the police station to report my daughter’s kidnapping, but they refused to accept my

Crypto & Blockchain

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$10,000,000,000,000 Asset Manager Touts Potential of Bitcoin and Crypto Amid US Banking Crisis - The Daily Hodl
The CEO of the world’s largest asset manager, BlackRock, says Bitcoin and crypto assets have the potential to boost financial inclusion and make it easier for investors to get ahead.
Top 7 ways to earn free crypto
Discover the top 7 ways to earn free cryptocurrency, including faucets, airdrops, completing surveys and more.

Postscript

What is the single best way of improving your GPT prompts? - Marginal REVOLUTION
I have a nomination, and here is an excerpt from my new paper with Alex: You often can get a better and more specific answer by asking for an answer in the voice of another person, a third party. Here goes: What are the causes of inflation, as it might be explained by Nobel Laureate […]

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