The Daily Money: GOP war on 'woke' ESG investing; who's logging into your Netflix account
The GOP war on "woke" ESG is intensifying.
In the latest in a series of efforts by Republicans to stop what they call “woke” investment decisions, the GOP-controlled House voted Tuesday to block a Biden administration rule that allows retirement plans to consider environmental, social and corporate governance principles.
The Labor Department rule enacted late last year makes it easier for retirement plans to take into account climate change and other ESG factors when they choose investments. ESG is the acronym for environmental, social and corporate governance principles.
A leader in the anti-ESG movement is Florida Gov. Ron DeSantis, a likely 2024 GOP presidential contender.
"ESG provides a pretext for CEOs to use shareholder assets to target issues like reducing the use of fossil fuels and restricting Second Amendment rights. It is, in effect, a way for the political left to achieve through corporate power what they cannot achieve at the ballot box," DeSantis wrote in his new book, "The Courage to be Free: Florida's Blueprint for American Revival."
Guess who’s using your Netflix account?
If you have ever shared your Netflix password with a roommate, an ex or your dorm, there could be a lot more people logging into your account than you think.
With Netflix preparing to crack down on password sharing, most of us probably can’t afford random acquaintances or total strangers freeloading off our Netflix accounts. So Netflix has made it easy to check if anyone is accessing your account who shouldn’t.
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Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.