Dr. Wayne Winegarden, Senior Fellow in Business and Economics at the Pacific Research Institute, explains why the claims of ESG investing advantage turned out to be based on an illusion, which reversed itself when energy companies began to outperform tech stocks. He also points out that ESG when applied as an investment methodology increases fees and decreases returns. Dr. Winegarden warns that a crisis in state pension and health insurance plans is virtually inevitable and how red states are likely going to be forced to bailout blue states.

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Alliance Defending Freedom is the leading defender of religious and political speech protection in our nation’s legal system. With fifteen Supreme Court victories and over 70 assists since 2011, no other organization has done more in the courts to protect religious freedom. But several years ago, ADF became a victim of cancel culture at Amazon, which kicked the organization out of being eligible for customers to direct gifts on its Smile program. ADF realized that there was another, perhaps even greater, threat to free speech than government – large corporations. In response, they launched a corporate engagement operation, headed by Jeremy Tedesco, and an objective scoring system called the Viewpoint Diversity Score Business Index, www.viewpointdiversity.com. ADF recently released the third annual edition of this index and Jeremy Tedesco joined us to talk about the trends he has seen. While victory is probably far in the future, progress is being made right now, with more companies being covered by the index, more companies participating in the survey and some companies seeing significant improvements. Tedesco also gives helpful advice and an inspiring call to ordinary shareholders to join the fight. Momentum has shifted our way, and Tedesco invites those who are concerned about “woke capitalism” to move from impotent outrage to engagement and influence.

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We at Bowyer Research worked with a financial advisor to place a proposal on the annual shareholder meeting ballot of Mastercard. One of the rights that comes with placing such proposals is the right to address the board, CEO, and other shareholders present at the meeting directly and unfiltered. Usually, the advisors and ministries we work with give this speech themselves, but in this particular case, the advisor delegated it to me. It’s only three minutes long. Given the grave moral consequences of Mastercard’s actions, I was not my usual, quiet and reserved self. Some issues require a no-holding-back approach.

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