Morning Wire NY Crime Wave & Musk Joins Twitter Board | 4.8.22
Apr 8, 2022
The confirmation of Ketanji Brown Jackson as the first black female Supreme Court justice sparks varied reactions among senators. New York City grapples with a staggering 44% rise in crime, prompting discussions about policing and bail policies. Meanwhile, Elon Musk’s entry onto Twitter's board raises questions about corporate governance and shareholder activism. The episode contrasts the dynamics of the ESG movement in finance with traditional models, highlighting Musk's influence in shaping corporate responsibility.
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Supreme Court Confirmation
- Ketanji Brown Jackson's confirmation to the Supreme Court is a historic moment.
- Some Republicans, including Mitt Romney, voted in favor, despite previous opposition, while others like Lindsey Graham reversed their earlier support.
NYC Crime Surge
- New York City is experiencing a surge in crime, including a 44% increase in the first three months of 2022.
- Factors like budget cuts to the police and zero bail policies are believed to be contributing to this spike.
ESG Movement
- ESG (environmental, social, governance) factors are a political ideology influencing corporate behavior.
- It aims to achieve social and environmental goals through market mechanisms, bypassing traditional political processes.