JUST IN: The Federal Reserve Board just announced that they are eliminating "reputational risk" as a component of bank exams. This is a huge win — this was one of the key tools big banks used to try to justify their debanking of conservatives.

"Is the ESG War Over"? Not if BR is still engaging. "BlackRock’s response to the ESG backlash looks like an expert case of 'greenhushing'"; BR "still employs more than 700 'global sustainable & transition specialists.'" Tim McDonnell via Steve Soukup wokecapital.org/public-pension…

"Not being able to define the word 'woman' should be disqualifying for the office of kindergarten teacher, much less Supreme Court Justice." PS: Need a refresher course to make sure you can pass this test? Colin Wright has the deep dives you need. E.g., city-journal.org/article/unders…

BOOKED: Free Enterprise Project Director Stefan Padfield talked with American Family News's Chris Woodward about #Mastercard's #DEI problem nationalcenter.org/ncppr/2025/06/… $MA

Dear CEOs: That neo-racist, neo-Marxist DEI agenda you love to virtue-signal might land you in jail. Freshfields: "Companies should ... be mindful of the AG’s February memorandum that directed the DOJ to consider *criminal* charges related to DEI." blog.freshfields.us/post/102kprk/d…

Perhaps not surprising that Vanguard, arguably the least politicized of the Big 3 asset managers, may be the 1st to acknowledge that providing pass-through voting while having 1 engagement team is a conflict. Vanguard to restructure to 2 engagement teams governancebeat.cooley.com/vanguard-will-…

Like "much of what’s labeled 'transgender science' ... the lecture reflected a grasping for analogies." But "these comparisons verge on the absurd. 'Pipefish change their sex, therefore children should, too' fails as a logical syllogism." Christopher F. Rufo ⚔️ christopherrufo.com/p/the-ocean-is…

Young British women are sick of "weakness masquerading as progress." They "look at Nigel Farage and see something nearly extinct": "a man who speaks w/o apologizing for every syllable." Farage "didn't just survive the cultural struggle sessions; he ... walked out with a pint."

Why pass-through voting won't stop ESG mafia extortion: Paper studies ESG engagements by BlackRock covering 2020–2023. Over that sample period, "the banking industry received about 4540 engagements." sciencedirect.com/science/articl…

"Pride Month" was so scaled back this year - the rainbow showed up in pastel. Stefan Padfield and Family Research Council's Suzanne Bowdey join host Casey Harper to unpack this year’s seemingly toned-down "Pride Month" and whether this is a trend we’ll continue to see. washingtonstand.com/podcast/is-pri…

"The truth that dares not speak its name here is that this wide array of gender-affirming therapies and surgeries is simply predicated on a falsehood. And yet those are the words that the conservative justices apparently see themselves as barred from speaking."

A person "who has inflicted bodily self-harm on his sex traits is no more [owed] ... special ... protections ... than a person who has covered his face in tattoos. The [man] who believes ... he is a woman ... imposes no duty on any other ... to share in that belief."

"Pro-DEI activists will take a loss on our part w/ one of these anti-DEI proposals & run around saying, 'Shareholders love DEI,'" says Padfield. But that's pure propaganda "if both the pro-DEI & the anti-DEI proposal lost by over 90%," which has happened repeatedly this season.

I've been asking this for a while: Why isn't affirming transgenderism like affirming anorexia, given that both beliefs are deeply held but deny objective reality about one's body? "Validating Transgenderism Is Like Validating Schizophrenic Delusions"

Based simply on the choice of questions being asked, it's arguably impossible for Vanguard's engagement *not* to influence corps. "In '24, [Vanguard’s] Investment Stewardship held nearly 2,000 engagements w/ ... companies": "we do not seek to influence ... company strategy"

"As Christians Are Slaughtered, the World Looks Away": "Islamists massacred over 200 people ... many of them women and children. The media barely mentioned it." ("murdering people with machetes" like "they were cutting a cow") Madeleine Kearns thefp.com/p/christians-s…

Funniest part of this might be Airbnb attempting to defend itself by saying: “We have offered to work w/ the stockholder in the future to consider proposals they submit that meet the then-operative regulatory standards.” That's roughly: "We offered to follow the law next time."

Lying DEI propagandists? What Sustainable Views says: "data shows 97% of investors remain firmly in favour of DEI." What the truth is: pro-DEI proposals lost at Berkshire, Netflix, Walmart, and Mastercard (and likely many other companies). sustainableviews.com/trumps-anti-de…

More: Sustainability Magazine tries to argue that defeat of an anti-DEI proposal at Mastercard means "investors view inclusion as essential to long-term business resilience and growth" when the pro-DEI proposal *AT THE SAME MEETING* was similarly defeated. sustainabilitymag.com/news/mastercar…