Tag Archives: ethics

Punishing Success

Posted on by
Reply

You’ve earned your wages; husbanded them carefully; spent wisely, living within your means; paid your debts promptly and in full. As a result, you’ve gained an excellent credit rating.

Your reward? An artificially inflated mortgage cost, courtesy of the Progressive-Democratic Party-run Executive Branch, and redistribution of the fruits of your success, arbitrarily, to those who haven’t done those things.

A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers.
Experts believe that borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing Finance Agency that go into effect May 1, costs that will help subsidize people with lower credit ratings also looking for a mortgage, according to a Washington Times report Tuesday.

But. But, but, but. The Federal Housing Finance Agency, the Biden administration entity responsibility for this nonsense has long sought to give consumers more affordable housing options.

Under the new rules, consumers with lower credit ratings and less money for a down payment would qualify for better mortgage rates than they otherwise would have.

This is silly. The transfer of wealth from those who’ve earned good credit scores to those who have not will not make the latter better credit risks. It will increase the rate of default.

Here’s a thought: cut back on the regulations related to banking, lending, housing, landlording, construction, and utilities so as to bring down the cost of housing generally. See if that will give consumers more affordable housing options.

Stop punishing success; instead, encourage folks to work toward success.

BlackRock Misses Again

Posted on by
Reply

The Woke BlackRock, and especially its CEO Larry Fink, are not just wide of the mark, they’ve missed the target altogether. Not only does the company push its intrinsically racist and sexist “diversity, equity, inclusion” ideology onto those companies in which it invests—often for the sole purpose of the push; investment quality being irrelevant—now it’s been caught out applying its racism and sexism in its internal hiring practices.

America First Legal Foundation sent a letter Tuesday to the New York District Office of the Equal Employment Opportunity Commission to demand an investigation into the asset management giant for allegedly “engaging in unlawful employment practices in violation of Title VII of the Civil Rights Act of 1964.”
…
“This program is just one piece of a long-term practice of BlackRock to use unlawful discriminatory employment practices to build its workforce,” the complaint stated. “Indeed, BlackRock has affirmatively and repeatedly represented to its shareholders, to its investors, and to the Securities and Exchange Commission, that its employment practices are infused with facially unlawful considerations of race, color, sex, and/or national origin.”

AFL added in a separate communication,

The odious and illegal practice of hiring based on immutable characteristics like race is a flagrant attack on civil rights that harms all Americans[.]

I’ll go further: it’s an insult to those minorities and women; BlackRock and Fink are saying that minorities and women are intrinsically inferior, inherently too stupid, to be able to compete without the special treatment and coddling that is preferential, DEI-based hiring.

There’s no doubt that there remains a disparity, especially in STEM environments, between white hiring into good-paying jobs and minority and women hiring into those jobs. But that disparity won’t be cured by preferentially hiring minorities and women; they still too often aren’t qualified for the positions, so they fail and set the program, and the hiring company, back.

The correction for the disparity lies in a factor that’s at the foundation of our nation: equal opportunity. That equality of opportunity doesn’t currently exist in our education system (among other milieus); see for a canonical example, the Baltimore, MD, school system’s failure and subsequent coverup by those responsible.

If BlackRock and similar entities put the money and energy they’re currently committing to push wokeness into improving our educational system (without the Woke…foolishness) and getting our children taught—from pre-K through high school—science, technology, engineering, and math, along with American history, Civics (and more of this than a single semester in junior high), Western Civilization, logic, and literature, with equal emphasis on inner city schools and wealthy district schools, those disparities would disappear in a generation.

 

The letter itself can be read at the first link above.

Legalized Doxing

Posted on by
Reply

Doxing is the process of publicly identifying/publishing a person’s private information in order to “punish” that person for some imagined offense or for revenge because that person did something the doxxer didn’t like. In most jurisdictions, doxing is at least civilly wrong if not criminally so.

Now Michigan wants to force employers to dox their employees to unions.

A Michigan Senate bill currently under consideration aims to require employers to share employees’ name, home address, cell phone number, work address location, and personal email address with labor representatives every 90 days.

That’s all employees, not just union members. And every 90 days, yet—because the Progressive-Democratic Party members are at pains to keep the unions current on the dox data. State Senator John Cherry (D) on his Senate Bill 169:

The intent here is to make sure that individuals who are legally required to represent employees have the information on who they are actually required to represent and the ability to contact them and fulfill their requirements of representation[.]

This is utterly disingenuous. The unions already know who they represent: they have the union cards and the dues remittals. They don’t need to know where their members live, or their cell phone numbers, or their personal email data except to personally harass those employees who don’t toe the union line. They especially don’t need to know this information about employees who are not union members—union individuals don’t represent them, by intent of the non-union employee.

And for how long does anyone think unions would keep that information nonpublic, in any case, especially the information of those employees impudent enough to decline to join?

This is yet another example of unions gone amok and of Progressive-Democratic Party-run governments aiding and abetting union misbehavior.

Biden Censorship

Posted on by
Reply

Now President Joe Biden (D) is moving to add his censorship requirements to artificial intelligence programming, to go along with his censorship actions vis-à-vis social media.

The Biden administration is pursuing regulations for artificial intelligence systems that would require government audits to ensure they produce trustworthy outputs, which could include assessments of whether AI is promoting “misinformation” and “disinformation.”

Here is the leader of the Progressive-Democratic Party once again asserting that Government definitions of misinformation and disinformation, and by extension true information, are the only valid definitions, and Government will inflict those definitions on us ordinary Americans.

And one more Government dictated definition, from Alan Davidson, Assistant Secretary of Commerce for Communications and Information:

The Biden administration supports the advancement of trustworthy AI. We are devoting a lot of energy to that goal across government.

Trustworthy—it’s what Government says it is.

The Progressive-Democratic Party as an institution, and its constituent politicians individually and collectively, are increasingly pushing their Newspeak Dictionary on us, seeking to replace our American dictionaries. This is right out of the playbook of the Left’s icon, Saul Alinsky:

He who controls the language controls the masses.

Higher Ed Administrators and Values

Posted on by
Reply

New Jersey’s Progressive-Democratic Party Governor, Phil Murphy, has decided to intervene, nakedly, on the side of unions in a labor dispute between Rutgers faculty and Rutgers administrators.

Rutgers faculty walked off the job Monday after three employee unions launched a strike. The move has left classrooms empty….

Under New Jersey law, university administrators can go into State court and get an injunction forcing an end to the strike and a resumption/continuation of negotiations. Murphy has stepped in, though, and told the administrators “don’t you dare.” Murphy’s diktat isn’t, strictly speaking, enforceable, but Murphy does control 20% of Rutgers’ state funding, and he appoints the majority of its board.

As the WSJ editorial put it,

…administrators are now under political pressure to cave.

Not entirely, though. They could force Murphy’s hand by going to court anyway. These administrators just have to decide which they value more: their personal jobs or the Rutgers students and their ability to get the education they’re paying princely sums for.

Those administrators’ actions will make their values obvious, regardless of how they might characterize their choice.