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Port: North Dakota officials need to get serious about procurement law
grandforksherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grandforksherald.com Daily Mail and Mail on Sunday newspapers.
North Dakota paid its top investment management firm millions without competitive bidding process
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North Dakota pays its top investment management firm millions without competitive bidding process
grandforksherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grandforksherald.com Daily Mail and Mail on Sunday newspapers.
January 19, 2021
In its final days, the Trump administration is seeking to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the economy.
A regulation just finalized (update) aims to prevent lenders from blackballing businesses in industries opposed by the left by requiring banks to demonstrate that their loan decisions are “based on quantitative, impartial risk-based standards,” rather than political or reputational concerns.
The proposed Fair Access to Financial Services Rule (FAFSR) is a response to successful pressure campaigns waged by environmental groups and congressional Democrats, which culminated in every major American bank refusing to finance drilling projects in the Arctic National Wildlife Refuge (ANWR), despite such drilling being authorized by President Trump in 2017.
By Ken Blackwell | December 17, 2020 | 10:20am EST
Chairman and CEO of BlackRock, Larry Fink (L) leaves after a meeting about climate action investments with heads of sovereign wealth funds and the French president at the Elysee Palace in Paris on July 10, 2019. (Photo credit: LUDOVIC MARIN/AFP via Getty Images)
Last week, President-Elect Joe Biden tapped two prominent individuals from the world’s largest money-management firm for key positions within the new administration’s economic team.
Brian Deese, a BlackRock managing director who is responsible for overseeing the sustainable investment strategy of the firm, has been named as the new head of the National Economic Council. Wally Adeyemo, who served as a senior advisor at BlackRock and was Chief of Staff to CEO Larry Fink, has been nominated for U.S. Deputy Secretary of the Treasury.