Pulse: Finance, Banking, and Regulation
SAN FRANCISCO (Callaway Climate Insights) — Hitachi Ltd., a Japanese Fortune 500 conglomerate headquartered in Tokyo, headlines its corporate web page with the now familiar icon that marked the UN’s COP26 climate summit in November. Swipe that webpage one over, and we discover — not surprisingly — a banner headline laying claim to Hitachi’s 21st century corporate profile that intertwines business with social mission: “Hitachi social innovation is powering good.”
SAN FRANCISCO (Callaway Climate Insights) — Maybe the very idea strikes you as arcane — sitting at a table and debating endless hours to decide the size, shape and scope of global corporate sustainability standards — which then may take years before capital markets put them on par with accounting rules.
SAN FRANCISCO (Callaway Climate Insights) — Jean Rogers is a Silicon Valley executive on a fast track to change 21st-century capitalism one innovative company at a time. The mind behind the founding of the Sustainability Accounting Standards Board, Dr. Rogers now works as an adviser at the one-of-a-kind Long Term Stock Exchange — where the intention is to tilt the playing field to help long-haul-minded startups get support and access to capital.
Charles Kupchan has a new book coming out on October 1st about the history of isolationism in the US. Ever since George Washington advised his new country ‘to steer clear of permanent alliances with any portion of the foreign world” the US has historically been a place people went to in order to escape disruption.
The federal government has approved two “phases” of fiscal relief for the current COVID-19 crisis, an $8B bill supporting medical work and expanding testing for the virus signed on March 6, and a $100B expansion of sick and family medical leave that President Trump is signing today. The vastly larger Phase 3 package will likely come up for a vote within the next several days. Collectively, this fiscal stimulus will cost more than a trillion dollars, putting it on par with the combined Obama and Bush administrations’ responses to the Great Recession.