[The Federalist] State Street Global Advisors, one of the largest investment firms in the world, is forcing its executives to snub white men in favor of hiring black, Asian, and other minority candidates to the company.
The decision comes as the company, whose head Boston-located parent company State Street Corporation employs 40,000 staff worldwide, strives to meet its 2023 goal of tripling the amount of racial and ethnic minorities in senior management positions. The new policy reportedly states that white men may only be hired after a panel of four or five people made up of at least one woman and people who aren’t white have evaluated a myriad of job candidates of all different races and ethnicities first.
According to The Times, executives in middle and senior management who do not comply with the race quotas will receive cuts to their bonuses.
"This is now front and central for State Street — it’s on every senior executive’s scorecard," Jess McNicholas, the company’s head of inclusion, diversity and corporate citizenship in London told The Daily Mail. "All of our leaders have to demonstrate at their annual appraisals what they have done to improve female representation and the number of colleagues from ethnic-minority backgrounds."
State Street denied that hiring teams needed "special approval to hire white men" but reaffirmed the company’s goal of elevating certain races and ethnicities above others and "hold ourselves accountable for strengthening black and Latinx owned businesses."
"We work to ensure a level playing field for candidates of all backgrounds and ensure that our hiring decisions are well informed and not-biased in order to select the best candidate for every job," a spokesperson said in a statement. "...State Street is committed to inclusion diversity and equity, we believe it to be a critical component of our business success, as such; we expect our hiring managers to have the best possible slate of candidates for their open positions."
On the other hand, the only people affected will be global investment firm managers. The same people who wrecked our working class and made a gargantuan profit doing it.
#7
State Street doesn't lose anyone's money. They make their money doing the safest and most boring investment tasks -- running index funds and performing custody services, for example.
Stupid retail investors are losing their money all by themselves now.
#8
They make their money doing the safest and most boring investment tasks -- running index funds and performing custody services, for example.
That was my first job outta college - mutual fund accounting for Mass. Financial Services (the client) on 1776 Heritage Drive in good 'ol Quincy. SSGA is a whole 'nother animal.
#9
Retail investors messing with their retirement funds are stupid. Like g@mbling, retail investing should be limited to what you can afford to lose.
Posted by: M. Murcek ||
11/09/2021 9:20 Comments ||
Top||
#10
They might take note that here in Charlotte a recently fired white male executive just won a $10 million lawsuit on racial and sex discrimination grounds.
Posted by: Tom ||
11/09/2021 11:39 Comments ||
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#11
What if that white man shows up to work in a dress?
Direct Translation via Google Translate. Edited. By Oleg Airapetov
[Regnum] Before the First World War, London and Paris expected that Russia, with seemingly limitless potential, would play a decisive role in the crushing of Germany.
[BIZ Place Review] U.S. Rep. Cori Bush’s bitter rhetorical attack on fellow Democrat Sen. Joe Machin for not supporting the totality of the Biden administration’s big-spending, so-called Build Back Better plan, represents a spiritual deficit on the far-left side of the political spectrum which is incongruent with the meaning of aloha.
That is the assessment of former Democratic Congresswoman Tulsi Gabbard, from Hawaii.
"It really just shows again, that this is a symptom of a deeper, a lack of a spiritual foundation," Gabbard told Steve Hilton on his Fox News show Sunday evening, "where if you’re not able to see someone, regardless of party politics, regardless of your position, whether you agree or disagree, if you’re not able to see another person as a child of God, as someone that you can respect at that fundamental level, as a fellow American, then this is where we see all of this darkness coming from."
Since leaving Congress, the former 2016 Bernie Sanders supporter and 2020 presidential candidate has risen up as a strong free speech, individual freedom advocate who is, among other things, championing unity.
She is not shy about a willingness to criticize her own political party, including President Joe Biden (whom she previously endorsed) for its rampant divisiveness and failings.
Some may question Gabbard’s underlying motivation, but she has nonetheless emerged as a voice of reason that hardly conforms to the Democrats’ current inflexible, far-left agenda.
"And so it’s no wonder as you were talking about the results in Virginia," Gabbard continued, "that people chose to respond positively towards that message of hope, and optimism for our future, that message of coming together.
"That message of care and respect for all people. And this is again...this is where I find hope for our future. If we go back to those fundamental values and principles of who we really are, then this is how we can come together," she added.
[BPR] President Joe Biden’s approval ratings are in freefall as yet another poll shows that increasing numbers of Americans are rejecting his dismal economic stewardship of the nation and dictatorial style of governance.
According to the new poll by USA TODAY/Suffolk University, Biden’s rating is now at a miserable 38 percent, debunking the media myth that the career politician is the most popular president in history and a remarkable shift in the country’s mood since last November when he received the most votes of any presidential candidate in history, including Barack Obama.
Americans may be disgusted with Biden but his fans can take some solace in that he is more popular than Vice President Kamala Harris who is even more disliked. The inexperienced former senator, who was the beneficiary of a promise to kingmaker Rep. James Clyburn that a black woman be on the ticket, clocked in at an atrocious 28 percent.
It’s hardly a winning combination for 2024 and especially not if public sentiment continues to sour on a man who was falsely advertised as a moderate and who himself vowed to unify the nation only to use his power to weaponize the federal government against political foes and regularly engage in incendiary and divisive racial demagoguery.
In even worse news for Democrats, Biden has taken a major hit with the independent voters who are critical to their effort to retain power in next year’s vital midterm elections, according to USA Today: "Nearly half of those surveyed, 46%, say Biden has done a worse job as president than they expected, including 16% of those who voted for him. Independents, by 7-1 (44%-6%), say he’s done worse, not better, than they expected."
[Reuters] Law enforcement has taken little action as backers of Donald Trump aim stark threats at election officials. Reuters tracked down nine of the harassers. Most were unrepentant.
In Arizona, a stay-at-home dad and part-time Lyft driver told the state’s chief election officer she would hang for treason. In Utah, a youth treatment center staffer warned Colorado’s election chief that he knew where she lived and watched her as she slept.
In Vermont, a man who says he works in construction told workers at the state election office and at Dominion Voting Systems that they were about to die.
"This might be a good time to put a f‑‑‑‑‑‑ pistol in your f‑‑‑‑‑‑ mouth and pull the trigger," the man shouted at Vermont officials in a thick New England accent last December. "Your days are f‑‑‑‑‑‑ numbered."
The three had much in common. All described themselves as patriots fighting a conspiracy that robbed Donald Trump of the 2020 election. They are regular consumers of far-right websites that embrace Trump’s stolen-election falsehoods. And none have been charged with a crime by the law enforcement agencies alerted to their threats.
They were among nine people who told Reuters in interviews that they made threats or left other hostile messages to election workers. In all, they are responsible for nearly two dozen harassing communications to six election officials in four states. Seven made threats explicit enough to put a reasonable person in fear of bodily harm or death, the U.S. federal standard for criminal prosecution, according to four legal experts who reviewed their messages at Reuters’ request.
#1
in Arizona, a stay-at-home dad and part-time Lyft driver told the state’s chief election officer she would hang for treason....
Nah. Probably a long prison term at most.
Trump’s stolen-election falsehoods... More gaslighting from the enemy. The election was clearly stolen and there will be accountability for all who conspired. When we take back power, there will be prosecutions and exemplary punishment for many.
BLUF:
[American Thinker] Ideologues have no interest in the lives of actual human being. Ideologues only care about their theories, the bright future they are building. Human beings are just speed bumps on the way to utopia. So, not surprisingly, when ideologues take over society, any society, in any country, at any point throughout history, life always gets much worse for most people. Borders fall, crime rises, schools collapse, inflation gets out of control. Suddenly, there are drug addicts living in tent cites in your neighborhood screaming at your kids as you walked by. Quality of life falls off a cliff. It’s intolerable for most people—but the ideologues don’t care because they’re focused on the shiny new society they are constructing. Nothing else matters. Perfection is always just around the corner. As soon as we get rid of all these White men, everything will be great.
#3
When the Wall came down, there should have been a reckoning of all the commies and sympathizers who were poisoning the country and aided and abetted the the other side. Higher ed should have taken a big hit on that. So much for turning the other cheek. You left the snakes in the nest.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
