She complains about what Texas is doing like it's a bad thing.
What do you see here that’s a good thing?
Texas Is Coming for 'Woke' Insurance Companies Next
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Re: Texas Is Coming for 'Woke' Insurance Companies Next
#12> insurance companies: the Texas Legislature is here to protect you...
> ...rolling out legislation this year to punish insurance companies
I get you want to have a compelling lead but seriously did anyone proof read this? It's contradictory in the same breath.
Re: Texas Is Coming for 'Woke' Insurance Companies Next
#13[flagged]
Re: Texas Is Coming for 'Woke' Insurance Companies Next
#14How is this type of legislation not government restrictions in free speech? While I disagree with citizens United, it’s currently defining the law and most likely supported by these groups. This seems like a similar disallowed restriction. I guess one difference is that they’re not explicitly banning the companies from those investments, they’re banning the state of Texas from doing business with the companies.
Citizens United was that spending money on getting a message out about electoral candidates - "express advocacy" - is protected. That doesn't mean spending money on other topics is protected.
Now I can easily see the argument being extended - and it has is some small ways (e.g. FEC vs Cruz) - but Citizens United is pretty controversial even in the legal academy so I don't think it's a given that it would be.
Re: Texas Is Coming for 'Woke' Insurance Companies Next
#15How is this type of legislation not government restrictions in free speech? While I disagree with citizens United, it’s currently defining the law and most likely supported by these groups. This seems like a similar disallowed restriction. I guess one difference is that they’re not explicitly banning the companies from those investments, they’re banning the state of Texas from doing business with the companies.
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Re: Texas Is Coming for 'Woke' Insurance Companies Next
#16[flagged]
Re: Texas Is Coming for 'Woke' Insurance Companies Next
#17> insurance companies: the Texas Legislature is here to protect you... > ...rolling out legislation this year to punish insurance companies I get you want to have a compelling lead but seriously did anyone proof read this? It's contradictory in the same breath.
I read the "the Texas Legislature is here to protect you" as a sarcastic joke rather than a statemement. If that was the author's intention then it would make the article consistent.
Re: Texas Is Coming for 'Woke' Insurance Companies Next
#18[flagged]
I'm genuinely kinda curious what you think state power is for if not to serve political agendas. And outside of some abstract unactionable thing like "for the greater good" or "freedom" or whatever. Eventually you have to actually form policies and implement them, a political process driven by political motivations.
Re: Texas Is Coming for 'Woke' Insurance Companies Next
#19[flagged]
Balkanization of corporations is a good thing.
It enables more competitions to fill in the void and hopefully cheaper prices.
But an outright ban is worse for the economy as less competition means higher prices.
Apparently, Gov. Gavin didn't or hasn't studied this President Nixon's failed regulation of gas price
Re: Texas Is Coming for 'Woke' Insurance Companies Next
#20How is this type of legislation not government restrictions in free speech? While I disagree with citizens United, it’s currently defining the law and most likely supported by these groups. This seems like a similar disallowed restriction. I guess one difference is that they’re not explicitly banning the companies from those investments, they’re banning the state of Texas from doing business with the companies.
It’s really hard to tell anything about what’s going on here - the article is too busy telling you to get outraged, and it’s talking about legislation that apparently hasn’t even been proposed yet. It does quote one speaker as saying “if they’re going to mess with money that belongs to Texas retirees and undermine the very Texas economy, we’re gonna teach them some manners” which gives some indication of why Texas mi…
The Texas law on ESG is so poorly written, hard to imagine this one would be any different. Any Texan should be outraged that their state is wasting time and money on this sort of nonsense (suing blackrock because blackrock doesn't invest enough in Oil co's, except of course for the fact that it's the #1 investor in Oil co's).