Environmental, Social, Governing. ESG

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Re: Environmental, Social, Governing. ESG

Post by HokieJoe »

dunwithtrump wrote: Wed Mar 15, 2023 5:02 pm
RiverguyVT wrote: Wed Mar 15, 2023 4:14 pm
That said, meritocracy is the key to a functioning society.
A meritocracy is fine and dandy, but given full latitude, capitalism will run amuck and arrogate all the "merit" until society crumbles. There need to be regulations as the bank failures clearly demonstrate. To blame "wokeness" for the failures is just f-ing stupid. They overleveraged, didn't follow best practices risk mangement to make an extra helping of "merit" (i.e. greed), and got burned by the VCs who fed them.
RiverguyVT wrote: Wed Mar 15, 2023 4:14 pm You’re changing the discussion and arguing against things no one has said.
You brought up the meritocracy, within which we no longer live. For it to be a meritocracy, everyone has to have a chance to rise. But in America, precious few of the poor, people of color, and others who have been systematically discriminated against actually achieve the "merit" you hold so dear. And now, even the white kids are being subjugated. This country will have a reckoning in fairly short order, remember Czar Russia, the french revolution, and the plot of Tommy. Pretty soon, they're not gonna take it.
RiverguyVT wrote: Wed Mar 15, 2023 4:14 pm Yeah, I’m a second career teacher now making 1/4th what I could be making. That doesn’t mean any of my co-workers are equipped to make the $50,000,000 decisions I used to make routinely. They’re not equipped.
A teacher! You must be a groomer, I knew it :lol:
On a serious note, here's a great example of your backward thinking I brought up above. You say that none of your teacher peers are equipped to make $50,000,000 decisions.

First I would say you are selling many of them short and you have no idea of peoples' capabilities or merit. But let's grant this is true for the sake of the argument. Are teachers not paid well because they aren't as capable? Or are less capable individuals becoming teachers because teachers are not paid well?

Here in America, we have devalued education in so many ways that we simply get what we pay for. Pay teachers 6 figures and see how capable the teacher candidates become.

My Dad taught for over 30 years and was paid well enough to buy a home with land in northern New Jersey (40 miles from Manhattan, NYC), 2 cars, and take a 2-week vacation each year. He had a Master's degree in science and a certified teacher's certificate. My sister is a Master's-level teacher for the past 20 years and couldn't survive in her Greenwich home without her husband's corporate salary. My wife is a Soviet-trained musician and opera singer (2 master's degrees) who has been a teacher now for 7 years and without my salary couldn't afford to rent the home we live in let alone buy anything despite her side gig as a piano and voice teacher.

My point is, my family represents 3 generations of teachers who are HIGHLY competent but have been systematically being starved of "merit" (i.e. salary) all for the benefit of the very wealthy you seem to believe are the REAL victims of some faceless, nameless, antimeritocratic left wing movement that no one else but you see.

The meritocracy isn't being attacked by the left, it's being attacked by the right.


I'm fine with paying well qualified teachers six figure salaries, BUT with no additional spending on education. That means gutting budgets for middle/upper 'management' in schools and at state departments of education. Too much overhead.

They're worthless and make education worse. I'd also gut the NEA. If you compensate good teachers well, their is no need for a politically corrupted union.

So yeah, fire the idiot teachers, hire good teachers and pay them very well. Get rid of ALL bullsh!t curricula that isn't focused on reading, writing, arithmetic and hard science. All those vice principal's...Bye.
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Re: Environmental, Social, Governing. ESG

Post by RiverguyVT »

dunwithtrump wrote: Wed Mar 15, 2023 5:02 pm
RiverguyVT wrote: Wed Mar 15, 2023 4:14 pm
That said, meritocracy is the key to a functioning society.
A meritocracy is fine and dandy, but given full latitude, capitalism will run amuck and arrogate all the "merit" until society crumbles. There need to be regulations as the bank failures clearly demonstrate. To blame "wokeness" for the failures is just f-ing stupid. They overleveraged, didn't follow best practices risk mangement to make an extra helping of "merit" (i.e. greed), and got burned by the VCs who fed them.
RiverguyVT wrote: Wed Mar 15, 2023 4:14 pm You’re changing the discussion and arguing against things no one has said.
You brought up the meritocracy, within which we no longer live. For it to be a meritocracy, everyone has to have a chance to rise. But in America, precious few of the poor, people of color, and others who have been systematically discriminated against actually achieve the "merit" you hold so dear. And now, even the white kids are being subjugated. This country will have a reckoning in fairly short order, remember Czar Russia, the french revolution, and the plot of Tommy. Pretty soon, they're not gonna take it.
RiverguyVT wrote: Wed Mar 15, 2023 4:14 pm Yeah, I’m a second career teacher now making 1/4th what I could be making. That doesn’t mean any of my co-workers are equipped to make the $50,000,000 decisions I used to make routinely. They’re not equipped.
A teacher! You must be a groomer, I knew it :lol:
On a serious note, here's a great example of your backward thinking I brought up above. You say that none of your teacher peers are equipped to make $50,000,000 decisions.

First I would say you are selling many of them short and you have no idea of peoples' capabilities or merit. But let's grant this is true for the sake of the argument. Are teachers not paid well because they aren't as capable? Or are less capable individuals becoming teachers because teachers are not paid well?

Here in America, we have devalued education in so many ways that we simply get what we pay for. Pay teachers 6 figures and see how capable the teacher candidates become.

My Dad taught for over 30 years and was paid well enough to buy a home with land in northern New Jersey (40 miles from Manhattan, NYC), 2 cars, and take a 2-week vacation each year. He had a Master's degree in science and a certified teacher's certificate. My sister is a Master's-level teacher for the past 20 years and couldn't survive in her Greenwich home without her husband's corporate salary. My wife is a Soviet-trained musician and opera singer (2 master's degrees) who has been a teacher now for 7 years and without my salary couldn't afford to rent the home we live in let alone buy anything despite her side gig as a piano and voice teacher.

My point is, my family represents 3 generations of teachers who are HIGHLY competent but have been systematically being starved of "merit" (i.e. salary) all for the benefit of the very wealthy you seem to believe are the REAL victims of some faceless, nameless, antimeritocratic left wing movement that no one else but you see.

The meritocracy isn't being attacked by the left, it's being attacked by the right.
I don't have the energy to respond to this stupidity right now, but will later.
Bookmark: You are arguing (once again) against something no one said. You conflate "potential" with being presently equipped.

It is some shallow stuff, Recip. Your weak spin.

In other words, I could have done exactly what you did for a living. I could have. I chose not to.
These teachers. Could they have done my job? Some, sure. Some, no way. But they all chose NOT to many years ago, and so it goes. Hey. Many of these same teachers are WAY better with teaching skills than I am. Why? Because I didn't opt to equip myself for that role 35 years ago.

Could I have been the smartest geneticist at UNC? Meh. Probably not. But neither were you. I didn't want to. You wouldn't have wanted to do my job, either. I spent as many years honing my craft as you did yours. And you are CLEARLY not as intellectually gifted as you perceive yourself to be. You aren't. You just pursued a high degree of training in a narrow field via a state government employer that others here didn't. Don't be so presumptuous (as many U types are) that everyone who graduated with a bachelors just stopped learning anything more at the age of 23, while the folks who stayed in the University bubble were the only ones who kept learning. That is utter nonsense.

A government entity gave you a PhD. Big **** deal. A successful corporation gave me as much. I was rewarded for my merit.

So, you got university geneticist pay, not Walmart greeter pay. Why? Because of your MERIT in that field.

Your ideologies, however, are leading us to a world where government employee university folks aren't compensated because of their contributions to research results, but rather because they are token {insert special interest group de jour here}. Understanding ribosomes for those people means a lot less than their melatonin or whose nerve endings they tickle, and how.

This isn't that difficult to understand. No need to twist it into the bullshit you've twisted it in to.

You would've been a crap Walmart greeter.
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Re: Environmental, Social, Governing. ESG

Post by dunwithtrump »

RiverguyVT wrote: Thu Mar 16, 2023 1:48 am You're a fraud
You pass off others' insanity as your own thought,

Liar.

Busted! Here's your "meritocracy".

https://www.mediamatters.org/fox-news/t ... tent-banks
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Re: Environmental, Social, Governing. ESG

Post by RiverguyVT »

dunwithtrump wrote: Thu Mar 16, 2023 9:20 am
RiverguyVT wrote: Thu Mar 16, 2023 1:48 am You're a fraud <--I never said that
You pass off others' insanity as your own thought,

Liar.

Busted! Here's your "meritocracy".

https://www.mediamatters.org/fox-news/t ... tent-banks
Nope.
See other thread.
Run, rabbit, run...
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Re: Environmental, Social, Governing. ESG

Post by RiverguyVT »

https://www.frontpagemag.com/facebook-h ... t-to-work/


Facebook Hired Minorities and Paid Them Not to Work
"We were just sitting there"

In the last 5 years, Big Tech firms came under heavy pressure to publicize the racial and gender demographics of their workforce and to improve their numbers. That’s hard when your workforce is mostly white, Asian and Indian. This story may shed some light on how Facebook went about improving its numbers.

Meta (Facebook), like other tech companies, went on a hiring bonanza during the pandemic, as it faced enormous demand for its products and services while people were stuck inside.

Meta said it had 44,942 employees on December 31, 2019. By the end of 2021, the company listed 71,970 employees in its annual report and wrote it “expect[ed] headcount growth to continue for the foreseeable future.”

Meta then said that 2023 was going to be a “year of efficiency” after laying off 11,000 people in November. The company announced more layoffs this week that will affect another 10,000 people.

Levy, 35, was hired through Meta’s “Sourcer Development Program,” which attempted to recruit workers from underrepresented backgrounds. Levy, who is Mexican-American, said after being hired she was not given any work to do. She was let go in the first round of layoffs in November.

“We were just sitting there,” she added in the video. “It kind of seemed that Meta was hiring people so other companies couldn’t have us.”

Or so Facebook could claim to be diverse. People were hired to be diverse with no actual work for them to do. And then they were the first to be fired as is usually the case.
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Re: Environmental, Social, Governing. ESG

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Re: Environmental, Social, Governing. ESG

Post by HokieHam »

"ESG-focused investors will face limited investment options"

It's a good thing if morons have limited options.

MOAR receipts!
Hundreds of funds to be stripped of ESG rating

Unpublished BlackRock research also reveals thousands more will be downgraded in wide-ranging MSCI shake-up
https://www.ft.com/content/fc920b7b-ed ... 38f22725cd
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Re: Environmental, Social, Governing. ESG

Post by hokie80 »

HokieHam wrote: Fri Mar 24, 2023 8:20 pm "ESG-focused investors will face limited investment options"

It's a good thing if morons have limited options.

MOAR receipts!
Hundreds of funds to be stripped of ESG rating

Unpublished BlackRock research also reveals thousands more will be downgraded in wide-ranging MSCI shake-up
https://www.ft.com/content/fc920b7b-ed ... 38f22725cd
It’s Recip approved. What else does one need?
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Re: Environmental, Social, Governing. ESG

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What is the thread that chased Recip off our board again for $500, Alex?
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Re: Environmental, Social, Governing. ESG

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Since it began its assault on ESG in 2022, Texas, with its perfect AAA credit rating, is paying 19 basis points more in yield (the equivalent of $1.9 million on every $1 billion of bonds sold) than AA-rated California on routine borrowings, according to data compiled by Bloomberg. The city of Anna, Texas, paid more than it should have last September on two bond sales totaling almost $100 million when it rejected the most competitive bid from Citigroup because of the Republican-backed state law that punishes financial firms for promoting gun safety. Do the people of Anna know? That’s doubtful.

In Florida, DeSantis’ attacks on money managers and securities underwriters who oppose fossil fuels, voter suppression, and the criminalizing of reproductive rights as part of their investment strategies are poisoning the market for AAA rated Florida debt. Without the liquidity that comes from a robust group of underwriters, Florida now pays 43 basis points more in yield (or $4.3 million for every $1 billion of bonds sold) than California, which has a AA rating. That’s only 0.35% more than prior to 2022, but when billions in public borrowing is involved, that small difference can cost the state’s taxpayers tens if not hundreds of millions of dollars in higher borrowing costs. Way to go, Ron.
...
How deliciously ironic that states that scream the loudest about socialism are in fact using state control over the companies who do business within their borders to advance their political agendas, all of which pander to the basest instincts of humanity. This is an unforced error that is costing their citizens untold millions of dollars in a quest for absolute, unfettered political power.
https://cleantechnica.com/2023/02/13/te ... -esg-bans/

Who was it that was supposed to go broke? LOL
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Re: Environmental, Social, Governing. ESG

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That seems to sound a lot like bank malfeasance rather than some proof that conservative ideas are costing TX, FL, in the free market.

LOL @ "the basest instincts of humanity" :roll:
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Re: Environmental, Social, Governing. ESG

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RiverguyVT wrote: Sun Apr 23, 2023 11:54 am That seems to sound a lot like bank malfeasance rather than some proof that conservative ideas are costing TX, FL, in the free market.

LOL @ "the basest instincts of humanity" :roll:
Sure. It's "bank malfeasance" for Texas to refuse money from the cheapest lender. What is it like in the upside-down?
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Re: Environmental, Social, Governing. ESG

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Uprising wrote: Sun Apr 23, 2023 12:16 pm
RiverguyVT wrote: Sun Apr 23, 2023 11:54 am That seems to sound a lot like bank malfeasance rather than some proof that conservative ideas are costing TX, FL, in the free market.

LOL @ "the basest instincts of humanity" :roll:
Sure. It's "bank malfeasance" for Texas to refuse money from the cheapest lender. What is it like in the upside-down?
When securities underwriters collude, sure.
This isn't that difficult.
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Re: Environmental, Social, Governing. ESG

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RiverguyVT wrote: Sun Apr 23, 2023 1:13 pm
Uprising wrote: Sun Apr 23, 2023 12:16 pm
RiverguyVT wrote: Sun Apr 23, 2023 11:54 am That seems to sound a lot like bank malfeasance rather than some proof that conservative ideas are costing TX, FL, in the free market.

LOL @ "the basest instincts of humanity" :roll:
Sure. It's "bank malfeasance" for Texas to refuse money from the cheapest lender. What is it like in the upside-down?
When securities underwriters collude, sure.
This isn't that difficult.
You should step back and listen to yourself. What do you think would happen when states ban three of the largest lenders? Play stupid games, win stupid prizes. AMIRITE?
Citigroup and Goldman Sachs have also been banned. Together with JPMorgan, they managed $540 billion worth of municipal offerings during the past five years. That represents 25% of the market for new issues according to data compiled by Bloomberg. On average, they charged a fee of 0.38% on those bond offerings, which is 0.11 percentage points lower than the average for the other 145 underwriters who provide similar services.
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Re: Environmental, Social, Governing. ESG

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Exactly my point
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Re: Environmental, Social, Governing. ESG

Post by HokieHam »

HokieJoe wrote: Wed Mar 15, 2023 12:28 am
HokieHam wrote: Wed Mar 15, 2023 12:00 am
RiverguyVT wrote: Tue Mar 14, 2023 11:50 pm
HokieJoe wrote: Tue Mar 14, 2023 8:22 pm
dunwithtrump wrote: Tue Mar 14, 2023 7:43 pm
HokieJoe wrote: Tue Mar 14, 2023 7:33 pm
What a load of sh!t.
Really? Either show your work or you're a useless liar.


Ham just posted some receipts from Australia, dumbo. More will follow IMO. Now do that worthless Schwab assessment minus government subsidies for green eNeRgY.

ESG has no place on balance sheets if you are concerned with maximizing profit for shareholders. If you want to invest in an ESG fund have it, Sport; but not with my money.
SVB was up to their ears in ESG. :lol: :lol: And just days before their collapse were getting strong "Buy" recommends from a source (CNN) many here ardently rely upon. :idea:
Jim Cramer said it was a buy recently as well……😂😂😂😂

Jim Cramer is a lying POS. He's an embarrassment.
:lol: :lol: :lol:
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Re: Environmental, Social, Governing. ESG

Post by HokieHam »

Aaaaaannnnndddd………another embarrassment for the ESG crowd. How many hundreds of millions of $$$$ was given to BLM to raise ESG scores……. :lol: :lol:
DEI Must DIE
After taking in hundreds of millions of dollars of corporate contributions, paying millions in bonuses and buying million-dollar mansions for founders, BLM (Bolshevik Lives Matter) ran a $9 million deficit.

Cowardly CEOs eager to appease the woke mob fall for these scams every time. Could we soon be witnessing the demise of the “DEI” movement?

The letters “DEI” stand for diversity, equity and inclusion, which is the mantra of corporate and political America today.

It sounds good. Who doesn’t like diversity in experience and conversation? Who doesn’t support equity? And what’s wrong with the inclusion of individuals in larger groups and institutions? Nothing.

The problem is that none of these words is used in any common-sense way. They’re used in Orwellian fashion to mean almost their exact opposites.
https://dailyreckoning.com/dei-must-die/
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Re: Environmental, Social, Governing. ESG

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HokieHam wrote: Sat May 27, 2023 4:41 pm Aaaaaannnnndddd………another embarrassment for the ESG crowd. How many hundreds of millions of $$$$ was given to BLM to raise ESG scores……. :lol: :lol:
DEI Must DIE
After taking in hundreds of millions of dollars of corporate contributions, paying millions in bonuses and buying million-dollar mansions for founders, BLM (Bolshevik Lives Matter) ran a $9 million deficit.

Cowardly CEOs eager to appease the woke mob fall for these scams every time. Could we soon be witnessing the demise of the “DEI” movement?

The letters “DEI” stand for diversity, equity and inclusion, which is the mantra of corporate and political America today.

It sounds good. Who doesn’t like diversity in experience and conversation? Who doesn’t support equity? And what’s wrong with the inclusion of individuals in larger groups and institutions? Nothing.

The problem is that none of these words is used in any common-sense way. They’re used in Orwellian fashion to mean almost their exact opposites.
https://dailyreckoning.com/dei-must-die/

It will require AG(s) who are willing to hang people like Fink and Dimon by their balls. Even $10 trillion in assets can't weather death by thousands of litigious cuts. The pendulum swings back when ESG grifters see the writing on the wall, go rogue and seek a new grift...Suing DIE sh!theads penniless.
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Re: Environmental, Social, Governing. ESG

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ESG Dystopia: Why Corporations Are Doubling Down On Woke Even As They Lose Billions
ESG (Environment, Social, Governance) is becoming a well known term and is, at bottom, a form of “impact investing” – Meaning, major lenders such as Blackrock or Carlyle Group, or think-tanks like the Ford Foundation, seek to control societal outcomes using lending as leverage. Watch the video HERE featuring the Ford Foundation’s head of “mission investments” to get a basic understanding of what ESG really is: Social engineering.
What’s funny is the person who rails against corporations…….is for corporations…….

https://alt-market.us/esg-dystopia-why ... -billions/
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Re: Environmental, Social, Governing. ESG

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Another scam from the left to enforce the rElIGiOn………HRC……LOL.

Of course these points go toward the ESG scam…..
Inside the CEI system pushing brands to endorse celebs like Dylan Mulvaney
They’re handing out lucrative deals to what were once considered fringe celebrities because they have to — or risk failing an all-important social credit score that could make or break their businesses.

At stake is their Corporate Equality Index — or CEI — score, which is overseen by the Human Rights Campaign, the largest LGBTQ+ political lobbying group in the world.

HRC, which has received millions from George Soros’ Open Society Foundation among others, issues report cards for America’s biggest corporations via the CEI: awarding or subtracting points for how well companies adhere to what HRC calls its “rating criteria.”
https://nypost.com/2023/04/07/inside-t ... companies/
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Re: Environmental, Social, Governing. ESG

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If you have a smart home beware. ESG and cancel culture are coming for you...
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Re: Environmental, Social, Governing. ESG

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I'm flexing. :D
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Re: Environmental, Social, Governing. ESG

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RiverguyVT wrote: Tue Jun 13, 2023 2:40 pm I'm flexing. :D
Haha. Yet Bai-Zuo bitches about "Renewable Energy Pollutes More Than Oil", and "Chicken is Making Our Children Gay"……. :lol: :lol: :lol:
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Re: Environmental, Social, Governing. ESG

Post by HokieHam »

Scam……about pushing politics.
How Tobacco Companies Are Crushing ESG Ratings
'Women involved in tobacco farming often face structural and cultural barriers,' the tobacco giant Philip Morris wrote in its 2022 ESG report. 'Globally, less than 15 percent of agricultural land is owned by women.'
How could cigarettes, which kill over eight million people each year, be deemed a more ethical investment than electric cars? It may have something to do with the tobacco industry's embrace of corporate progressivism.
https://freebeacon.com/latest-news/how ... g-ratings/
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Re: Environmental, Social, Governing. ESG

Post by HokieJoe »

HokieHam wrote: Thu Jun 15, 2023 2:26 pm Scam……about pushing politics.
How Tobacco Companies Are Crushing ESG Ratings
'Women involved in tobacco farming often face structural and cultural barriers,' the tobacco giant Philip Morris wrote in its 2022 ESG report. 'Globally, less than 15 percent of agricultural land is owned by women.'
How could cigarettes, which kill over eight million people each year, be deemed a more ethical investment than electric cars? It may have something to do with the tobacco industry's embrace of corporate progressivism.
https://freebeacon.com/latest-news/how ... g-ratings/

d-Con needs sUstAinAbLy diVeRsE feed stock for their rat poison?
"I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." - Thomas Jefferson
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