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WASHINGTON —  When President Biden delivered a rare nationally televised address last week, he shared the platform with Vice President Kamala Harris, who helped him make the case that former Minneapolis police Officer Derek Chauvin’s murder of George Floyd created an urgency to change policing laws. That moment following the Chauvin trial would have seemed improbable 20 months ago in the heat of a Democratic presidential primary debate: Then-candidate Harris lectured rival Biden on the nation’s racial history, accusing him of wounding young Black girls like her when he opposed busing ...

The Biden Administration Is Quietly Obsessing Over Inflation A monthslong effort to monitor and model economic trends inside the White House and the Treasury Department found little risk of prices spiraling upward faster than the Fed can manage. President Biden received a weekly briefing from his economic team this month. A close circle of advisers has been working to determine whether the economy is at a risk of overheating.Credit...Amr Alfiky/The New York Times April 13, 2021Updated 5:38 p.m. ET WASHINGTON — Even before President Biden took office, some of his closest aides were focused o...

Racial Equity Audits Gain Traction with BlackRock Seal of Approval Apr 07, 2021 The murder of George Floyd last May forced a reckoning among leading U.S. companies that claim to support racial justice and equality. For all the talk of diversity and inclusion, institutional racism is baked into American society. Now the global money management firm BlackRock is raising the bar. The company has taken the rare step of committing to a third-party racial equity audit, with the aim of exposing its own role in systematic exclusion and division. BlackRock and the Biden connection Due to its size, Bla...

BlackRock capital finance works with Republicans and Democrats By Werner Rügemer  Translation: John Catalinotto   No sooner was it clear that Joe Biden had won the U.S. presidential election, than he brought Brian Deese on board: Head of the department for global sustainable investing at the U.S. investment firm BlackRock, Deese will become the president’s chief economist. BlackRock’s chief Lawrence Fink is, after all, the spokesperson of Western world capital for “sustainability.” And “sustainability” will be the hallmark of the new administration.     The second nomination...

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. BlackRock's chief executive struck a defensive tone on Thursday during a call to discuss fourth-quarter earnings when an analyst asked about the asset management industry's regulatory landscape. "The concept that the asset management industry is not regulated — that must be coming from bankers. We're not a bank," CEO Larry Fink said on the call.  BlackRock is the largest money manager in the world with $8.7 trillion in assets under management. It is opera...