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Goldman Sachs CEO: We Will Deny Business to Companies with Too Many White Men on Their Boards

Woke capitalism strikes again.

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Goldman Sachs CEO David Solomon said earlier this week that their globalist banking firm will no longer take companies public f there are too many white men on their board of directors.

Solomon claims that they are instituting this mandate because U.S. companies perform “significantly better” when diversity quotas are followed.

“Starting on July 1st in the U.S. and Europe, we’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women,” Solomon said on CNBC’s “Squawk Box” during the World Economic Forum in Davos, Switzerland. “And we’re going to move towards 2021 requesting two,” he added.

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Solomon claims that Goldman Sachs is willing to lose business in order to promote diversity, showing their steadfast commitment to the globalist project.

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“Look, we might miss some business, but in the long run, this I think is the best advice for companies that want to drive premium returns for their shareholders over time,” Solomon said.

Goldman Sachs, which has an extensive history of abhorrent business practices and taking government bailouts, is trying to gloss over their past through an embrace of wokeness. They have four women on their 11-person board, which they tout as if it is some kind of accomplishment.

“This is an example of our saying, ‘How can we do something that we think is right and helps moves the market forward?’” Solomon said.

In addition to supporting diversity, Goldman Sachs also helps push alarmist propaganda about the bogeyman of climate change:

Goldman Sachs this month released a report on the effects of climate change on cities around the world, and it makes for grim reading.

The bank’s Global Markets Institute, led by Amanda Hindlian, warned of significant risks to the world’s largest cities, which are especially vulnerable to more frequent storms, higher temperatures, rising sea levels, and storm surges.

“Cities generate roughly 80% of global GDP and are home to more than half of the world’s population today, a share that the United Nations projects will reach two-thirds by 2050,” the report said. About 40% of the population lives within 100 kilometers of a coast, and one in 10 people live in areas less than 10 meters above sea level, it said.

Goldman highlighted three cities that could be subject to storm surges and could face harmful flooding: New York, Tokyo, and Lagos. It said several others that are less than 11 meters above sea level — including Miami, Florida; Alexandria, Egypt; Dhaka, Bangladesh; and Shanghai, China — also faced major flood risks.

Goldman’s researchers said they started with the scientific consensus that “human activity — principally the emission of greenhouse gases — is causing the earth to warm in ways that are affecting the climate.”

They said that natural ecosystems would be damaged, human health would be threatened, and food and drinking-water systems would be pressured. For example, agriculture would be massively affected, as “warmer temperatures and shifting precipitation patterns could reduce yields and nutritional quality as well change growing seasons and agricultural zones around the world.”

Corporate America is happy to participate in the scam of multiculturalism, and Goldman Sachs is a particularly revolting example of that.

Big League Economics

SHAME: Democrats Are Blocking Stimulus Legislation That Includes Second $1,200 TrumpBux Check

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Democrats in Congress are blocking a bipartisan $1.5 trillion stimulus package that includes a second round of $1,200 TrumpBux payments to Americans.

Leading House Democrats are saying the bill isn’t big enough of a giveaway, but they favor stimulus measures that would divert funds away from the pockets of everyday Americans to institutions. They want to bail out Democrat state and local governments, and are willing to block TrumpBux payments to Americans if they aren’t allowed to.

The House passed a $3.4 trillion stimulus package in May that was shot down by Senate Republicans. The latest $1.4 stimulus legislation has been presented as a compromise, after House Democrats in turn rejected a thin $500 billion stimulus package proposed by Republicans last week. That package did not include a second round of $1,200 payments, and Republicans are now willing to sign off on another TrumpBux payment in order to pass another round of stimulus.

The $1.5 trillion stimulus legislation emerged from the Problem Solvers Caucus, a group of 25 Republicans and 25 Democrats who emphasize bipartisanship and common ground. Aside from TrumpBux 2, it features $500 billion for cities and states, unemployment insurance of $600 a week, increased SNAP benefits and rental assistance.

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Steny Hoyer and Nancy Pelosi are claiming the legislation doesn’t go far enough and that it “leaves too many needs unmet.”

Pelosi and House Democrats are insisting that Congress will remain in session until a second stimulus agreement is met, but in rejecting the Problem Solvers Caucus legislation they’re already shown they’re not open to a generous compromise.

Try asking everyday working Americans of all stripes and walks of life if they’re willing to wait or even go without a second $1,200 stimulus payment in order to provide a bigger bailout to states and cities that already engage in questionable budgetary practices to begin with. The Democrats are resolutely determined to avoid making people the priority in  a stimulus package, and will block stimulus legislation to do so.

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