Author: James McAllister
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Montana governor announces ban on ESG considerations in state investments
The office of Montana Gov. Greg Gianforte (R) released the following statement on January 18 announcing that Montana has joined several other states in prohibiting non-financial considerations, including considerations related to ESG, in the state’s investments: “Governor Greg Gianforte and the Montana Board of Investments today announced the State of Montana has reaffirmed its commitment…
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West Virginia Senate passes unemployment insurance indexing bill
The West Virginia State Senate on January 23 passed a bill 27-5 that would index the length of unemployment insurance benefits to the state’s unemployment rate. During times when the unemployment rate is below 5.5%, unemployed workers could collect a maximum of 12 weeks of benefits. For each 0.5% increase in the unemployment rate, the…
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Virginia governor expresses concerns about ESG investing
Virginia Gov. Glen Youngkin (R)—who worked for most of his career in financial services (private equity), where he eventually became co-CEO of the Carlyle Group— signaled last week that he, like many of his Republican colleagues, has some concerns about ESG: “Virginia Governor Glenn Youngkin, who ran one of the nation’s biggest investment firms before…
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Kentucky threatens to divest from 11 banks over ESG policies
Kentucky State Treasurer Allison Ball (R) on January 2 issued a statement notifying 11 banks that their environmental, social, and corporate governance (ESG) policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to stop what Kentucky argues are…
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Kentucky threatens to divest from 11 banks over ESG policies
Kentucky State Treasurer Allison Ball (R) on January 2 issued a statement notifying 11 banks that their environmental, social, and corporate governance (ESG) policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to stop what Kentucky argues are…
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U.S. weekly unemployment insurance claims fall to 204,000
New applications for U.S. unemployment insurance benefits fell 19,000 for the week ending December 31 to a seasonally adjusted 204,000. The previous week’s figure was revised down from 225,000 to 223,000. The four-week moving average as of December 31 fell to 213,750 from a revised 220,500 as of the week ending December 24. The number…
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Ohio governor signs bill creating office to watch for potential federal government overreach
Ohio Gov. Mike DeWine (R) signed a law January 3, 2023, that contains a provision establishing a Tenth Amendment Center in the Ohio Solicitor General’s Office. According to the bill’s text, “The center shall actively monitor federal executive orders, federal statutes, and federal regulations for potential abuse or overreach, including assertion of power inconsistent with…
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Kentucky unemployment insurance indexing bill takes effect
An unemployment insurance indexing law in Kentucky took effect January 1, 2023, establishing a 12-week maximum benefit period during periods of low unemployment and a 24-week maximum benefit period during times of high unemployment. The Kentucky House and Senate both voted on March 21, 2022, to override Gov. Andy Beshear’s (D) veto of House Bill…
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U.S. weekly unemployment insurance claims fall to 231,000
New applications for U.S. unemployment insurance benefits fell 20,000 for the week ending December 10 to a seasonally adjusted 211,000. The previous week’s figure was revised up from 230,000 to 231,000. The four-week moving average as of December 10 fell to 227,250 from a revised 230,250 as of the week ending December 3. The number…
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U.S. weekly unemployment insurance claims rise to 230,000
New applications for U.S. unemployment insurance benefits rose 4,000 for the week ending December 3 to a seasonally adjusted 230,000. The previous week’s figure was revised up from 225,000 to 226,000. The four-week moving average as of December 3 rose to 230,000 from a revised 229,000 as of the week ending November 26. The number…