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Indian officials want to obscure river’s ‘foul smell’ ahead of Trump’s Taj Mahal visit in latest elaborate welcome plan - rt

Indian officials want to obscure river’s ‘foul smell’ ahead of Trump’s Taj Mahal visit in latest elaborate welcome plan

Local authorities will go the extra mile to make sure US President Donald Trump doesn't get the stench coming from India's Yamuna River while enjoying the view of the iconic Taj Mahal mausoleum.
rt - 20 minutes ago
An expert booted off the Diamond Princess says Japan’s coronavirus control is “completely chaotic” - quartz

An expert booted off the Diamond Princess says Japan’s coronavirus control is “completely chaotic”

Kentaro Iwata said he had never feared being infected in 20 years of working at epicenters of disease outbreaks—until he set foot on the quarantined cruise ship.
quartz - 1 hour ago
At least 4 killed after two planes COLLIDE MID-AIR near Melbourne, Australia (PHOTOS, VIDEO) - rt

At least 4 killed after two planes COLLIDE MID-AIR near Melbourne, Australia (PHOTOS, VIDEO)

A horrific plane crash has left four people dead after a mid-air collision over the town of Mangalore north of Melbourne, destroying both aircraft. Rescue workers are on the scene of both crashes.
rt - 3 hours ago
What a RICO charge means for Huawei - quartz

What a RICO charge means for Huawei

Huawei has been hit by the US federal anti-racketeering law.
quartz - 8 hours ago
Stephen Fry: Greek myths can teach politicians ‘the punishment of hubris’ - channel 4

Stephen Fry: Greek myths can teach politicians ‘the punishment of hubris’

For the first time, the multi-award winning writer, actor and comedian Stephen Fry has put his writing to music.
channel 4 - 10 hours ago
Inside the mass protests sweeping through Lebanon – where young revolutionaries believe their time has come - channel 4

Inside the mass protests sweeping through Lebanon – where young revolutionaries believe their time has come

A bus without brakes, hurtling towards a brick wall. That's one view of Lebanon - which has been wracked by mass protests since October, toppling one government along the way.
channel 4 - 10 hours ago
“The problem is a systemic problem” – Columnist Rachel Sylvester questions government’s vetting of Andrew Sabisky. - channel 4

“The problem is a systemic problem” – Columnist Rachel Sylvester questions government’s vetting of Andrew Sabisky.

We spoke to The Times columnist Rachel Sylvester and Peter Cardwell, who was a government adviser for the past three and a half years, until he was sacked last week in the reshuffle.
channel 4 - 10 hours ago
Minister urges No 10 to review vetting after aide resigns - channel 4

Minister urges No 10 to review vetting after aide resigns

Racist and offensive - that's how one government minister has described the views of a man not relegated to the political fringe - but working at the heart of government.
channel 4 - 10 hours ago
UK/EU ‘very far away’ as they prepare for talks – European Parliament Brexit trade negotiator - channel 4

UK/EU ‘very far away’ as they prepare for talks – European Parliament Brexit trade negotiator

The European Union's chief Brexit negotiator Michel Barnier has declared that the UK cannot expect a future trade deal with the EU to be similar to that with Canada - because it's simply too close, geographically.
channel 4 - 10 hours ago
Jury begins deliberations in Weinstein trial - channel 4

Jury begins deliberations in Weinstein trial

The jury in the Harvey Weinstein trial have begun their deliberations over whether to find him guilty or not guilty on charges of sexual assault and rape.
channel 4 - 10 hours ago
150 million people are under Coronavirus lockdown in China - channel 4

150 million people are under Coronavirus lockdown in China

In China itself - as many as 150 million people, more than twice the population of Britain are now living in unprecedented lockdown
channel 4 - 10 hours ago
British couple on cruise ship ‘may have coronavirus’ - channel 4

British couple on cruise ship ‘may have coronavirus’

Now a British couple on board the Diamond Princess, the quarantined cruise ship in Japan, where hundreds of people have come down with coronavirus - have told their son that they have both tested positive for the virus.
channel 4 - 10 hours ago
‘More homes would have been flooded if it wasn’t for investment put in’ – Environment Minister Rebecca Pow - channel 4

‘More homes would have been flooded if it wasn’t for investment put in’ – Environment Minister Rebecca Pow

The Environment Minister Rebecca Pow says that even more homes would have been flooded if it weren’t for 20 years of flood defence investment.
channel 4 - 10 hours ago
Residents evacuated as river levels rise - channel 4

Residents evacuated as river levels rise

Hundreds of homes have been evacuated - in one area, drinking water is running out - swollen rivers are threatening to breach flood barriers - while much of one sizeable town has been cut off.
channel 4 - 10 hours ago
Airports are one place e-commerce can’t touch - quartz

Airports are one place e-commerce can’t touch

Record numbers of travelers are visiting their stores, and retailers are making the most of the opportunity.
quartz - 11 hours ago
Thanks to “Parasite,” we know what it takes for Americans to see an international film in theaters - quartz

Thanks to “Parasite,” we know what it takes for Americans to see an international film in theaters

Its success underscores just how many obstacles a foreign-language film must overcome to make its mark.
quartz - 12 hours ago
‘Girl, 3, ended pedophile’s reign of terror by coming forward to tell police about his rapes’ - metro

‘Girl, 3, ended pedophile’s reign of terror by coming forward to tell police about his rapes’

John Tucker is feared to have raped at least four children aged between two and seven years-old
metro - 12 hours ago
Ready to buy a trip to orbit from Elon Musk? - quartz

Ready to buy a trip to orbit from Elon Musk?

Elon Musk will offer the super-wealthy an unprecedented adventure.
quartz - 13 hours ago
Extraordinary Neanderthal skeleton found at famous burial site could finally answer ancient DEATH-RITES question - rt

Extraordinary Neanderthal skeleton found at famous burial site could finally answer ancient DEATH-RITES question

The landmark discovery in Iraq of the skeleton of a 70,000-year-old Neanderthal has reignited a debate about whether these ancient humans were sophisticated enough to have burial rituals.
rt - 13 hours ago
Murdered Sex Therapist Had a Restraining Order Against Her Ex Who Was Just Arrested in Her Death - vice

Murdered Sex Therapist Had a Restraining Order Against Her Ex Who Was Just Arrested in Her Death

Harwick was a former Playboy model who often worked with domestic violence victims.
vice - 13 hours ago
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quartz
Should the New York Stock Exchange try to slow climate change?

Should the New York Stock Exchange try to slow climate change?

quartz - 4 weeks ago

BlackRock, the world’s biggest asset manager, is under pressure from activists to block funding for companies that contribute to climate change. Protestors have also taken aim at the New York Stock Exchange, the world’s largest by market capitalization of the firms listed there. Should these financial titans that serve as conduits between investors and companies be the ones to decide who gets funding?

NYSE president Stacey Cunningham says it’s up to investors.

Investors should have the right to choose,” Cunningham said during a panel discussion today at the World Economic Forum in Davos, Switzerland. “Its a really slippery slope if we start to decide for them what opportunities they should have access to.

In some ways, BlackRock and NYSE are in similar positions. They don’t necessarily decide whether money flows into companies that extract oil or coal, or into firms that don’t recruit a diverse suite of executives and board members. But they do enable money to pour into all sorts of companies, and that is an increasingly controversial proposition.

BlackRock doesn’t own the $7.4 trillion in assets (pdf) it manages; the money is allocated and directed by individuals and outside professional investors. The asset manager creates index and exchange-traded funds, as well as actively managed funds, and investors decide which ones to put their money in. NYSE, meanwhile, lists stocks on its exchange, and investors decide which of them to buy or sell.

That said, it’s not like anything goes. NYSE has thresholds for a company to qualify for stock listing (pdf): among other things, a firm must have certain number of shareholders and a minimum market capitalization. Environmental and social criteria aren’t among the requirements. Cunningham says NYSE, owned by Atlanta-based Intercontinental Exchange, has made it easier for investors to make decisions about the environmental, social, and corporate governance credentials of listed companies. “We provide data, we calculate a lot of metrics around ESG issues,” she said.

Last week, BlackRock chief Larry Fink wrote letters to CEOs and clients that focused on sustainability. He said climate change is a crucial for determining companies’ prospects in the long term, and that BlackRock is improving sustainability disclosures for shareholders, while making sustainability a standard offering for investors. Ultimately, though, the choice is the clients’ to make, according to the company’s website: “The investments we make on their behalf will always represent their preferences, timelines and objectives.”

Goldman Sachs CEO David Solomon was asked a similar question during the Davos panel: would the investment bank turn down a client because of these issues? Solomon said the company, in its roles as an investor, advisor, and financier, thinks about “the reputational association of being involved with certain businesses.” But he sidestepped the bigger question about whether Goldman would work with certain energy companies, or with firms that that don’t make diversity a priority.

“Youre looking for a line? Theres not a line,” he said. “Theres a transition going on, where people are thinking differently about how they want to direct capital to try to promote sustainability.

He added that it will be “a multi-decade transition” in the way investors allocate capital. The activists taking aim at his and other financial firms that facilitate fundraising won’t be willing to wait that long.

sauce: quartz
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