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DARK SECRETS: 12 - The Real Truth

Federal court rules in favor of Biden ESG retirement rule

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

US launches new economic working groups with China in bid to quell tension

US Treasury Secretary Janet Yellen says working groups mark ‘important step forward’ in relationship with China.

Al Jazeera

United States and China launch economic and financial working groups with aim of easing tensions

The U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations

The Independent UK

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Prince William, billionaires Gates and Bloomberg say innovation provides climate hope

Britain’s Prince William and wealthy entrepreneurs Bill Gates and Michael Bloomberg promise hope to a warming world

The Independent UK

Why Janet Yellen isn't worried about the $33 trillion national debt

Yellen looks at one key statistic to determine if the U.S.'s national debt is sustainable, and she says it's "at a very reasonable level.”

Fortune

Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US

The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States

The Independent UK

Stocks Set to Open Higher as Investors Await U.S. Inflation Data, Yellen Comments Boost Sentiment

September S&P 500 futures (ESU23) are up +0.42%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.55% this morning as remarks from Treasury Secretary Janet Yellen bolstered hopes that the U.S. economy is headed toward a soft landing, while investors looked ahead to the latest U.S. inflation reading due…

Barchart

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India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

The Hindu

War sanctions against Russia highlight growing divisions among the Group of 20 countries

Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries

The Independent UK

Janet Yellen to attend India G20 summit, focus on economy, climate: U.S. Treasury

She will “continue to build momentum” for her drive to evolve the World Bank and other multilateral lenders to boost financing capacity to aid developing countries’ clean energy transitions, tackle pandemics, fragility and conflict, the Treasury said.

The Hindu

Why the United States will have to accept China's growing influence and strength

After wrapping up a recent four-day trip to China, United States Treasury Secretary Janet Yellen told a media briefing: “We believe that the world is big enough for both of our countries to thrive.”

The Conversation

In a multipolar world the dollar’s dominance won’t last forever

While we shouldn’t read too much into the Brics expansion, the geopolitical landscape is shifting

The Guardian - UK

Janet Yellen Accidentally Ate Chinese Magic Mushrooms but Swears She Didn't Get High

"I can tell you none of us were affected by the mushrooms," Yellen insisted to CNN.

Reason

Janet Yellen inadvertently ate hallucinogenic mushrooms in China – and started a trend

‘I was not aware that these mushrooms had hallucinogenic properties. I learned that later,’ the US Treasury secretary told CNN

The Guardian - AU

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The Independent UK

Janet Yellen admits ‘enjoying’ hallucinogenic mushrooms on China visit

Treasury Secretary caused flood of orders for mushroom delicacy

The Hindu

Consortium’s proposed acquisition of Forbes under scrutiny over Russia, China ties

Gregory Treverton, former U.S. National Intelligence Council Chair, has asked the U.S. Treasury Department to stop a consortium, led by Austin Russell, from buying Forbes magazine due to national security concerns. The consortium had dropped SUN Group as its lead investor due to links to Russia and the Chinese governments.…

Reason

The U.S. Government's Bad Credit Means Higher Costs for Us All

Federal officials ignore repeated warnings, and we all pay the price.

The Independent UK

China accuses US of trying to block its development and demands that technology curbs be repealed

China has accused Washington of trying to block its development after President Joe Biden stepped up a feud over technology and security by tightening controls on U.S. investments that might help Beijing develop its military

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Reason

Biden Escalates Trade War With China

A new national emergency declaration will allow for the creation of an outbound investment screening system targeting Americans' investments in China.

The Independent UK

Biden signs order barring US investment in Chinese chips, quantum computing and AI sectors

Mr Biden is acting to restrict the Chinese military from reaping benefits of US tech investment

Barchart

Coke vs. Pepsi: Which Consumer Defensive Stock is a Better Buy?

After high-profile downgrades to U.S. debt and 10 regional lenders, Coke and Pepsi stocks are intriguing consumer defensive stocks to consider as the market waters get choppy again.

USAFacts

What is the US credit rating, and what does its downgrade mean?

Fitch Ratings lowered the United States' credit rating to AA+ on August 1st, citing worries about the country's handling of its increasing debt.

Fortune

Under fire, Fitch defends U.S. credit rating downgrade

Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.

Zenger

‌Iniciativa de procesamiento sin papel del IRS para ahorrar $ 2.6 billones en el déficit federal de EE. UU.

‌‌Yellen elogia el programa del IRS como un cambio de juego, insta al Congreso a que continúe apoyando.

Zenger

IRS’s Paperless Processing Initiative To Save $2.6 Trillion In U.S. Federal Deficit

Yellen lauds IRS program as game-changer, urges Congress for continued support.

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