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	<title>requirements &#8211; USA NEWS LIVE</title>
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	<title>requirements &#8211; USA NEWS LIVE</title>
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		<title>United Airlines is increasing the necessities to realize frequent flyer status</title>
		<link>https://bloggingthree.soflytech.com/2024/11/united-airlines-is-increasing-the-necessities-to-realize-frequent-flyer-status/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Sun, 03 Nov 2024 08:32:51 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[achieve]]></category>
		<category><![CDATA[Airlines]]></category>
		<category><![CDATA[flyer]]></category>
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		<category><![CDATA[Increasing]]></category>
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		<category><![CDATA[United]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=18464</guid>

					<description><![CDATA[United Airlines Customers can have to spend more next yr to realize frequent flyer status. It&#39;s the airline&#39;s latest move to spice up profits and add an exclusive feel to the increasingly crowded top tiers of airline loyalty programs. The thresholds for achieving elite status within the airline&#39;s MileagePlus program will increase by about 25% [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">United Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    Customers can have to spend more next yr to realize frequent flyer status. It&#39;s the airline&#39;s latest move to spice up profits and add an exclusive feel to the increasingly crowded top tiers of airline loyalty programs.</p>
<p>The thresholds for achieving elite status within the airline&#39;s MileagePlus program will increase by about 25% and involve either spending on a co-branded card or a mixture of spending and flying. The status acquisition requirements and the associated advantages that will probably be acquired next yr may also apply in 2026.</p>
<p>United, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">American Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Delta Air Lines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    and other airlines have spent years changing their loyalty programs to reward travelers more based on how much they spend fairly than how far they fly. Co-branded bank cards are a critical business to airlines&#39; profits because banks pay airlines when consumers swipe these cards.</p>
<p>Elite status offers advantages equivalent to free upgrades (where available), earlier boarding, higher seat selection and access to extra legroom options. Airlines have struggled to address rising numbers of high-spending customers, which has led to crowded lounges and swarms of travelers in early boarding groups.</p>
<p>For the bottom Silver Premier status in 2025, customers must earn 5,000 Premier Qualification Points (PQP) and fly 15 qualifying flights, as an alternative of 4,000 Premier Qualification Points and 12 qualifying flights.</p>
<p>Travelers earn one PQP for each $1 spent on United and other qualifying flights.</p>
<p>If you achieve Silver status through spending alone, i.e. without qualifying flights, you&#8217;ll receive 6,000 points (as an alternative of 5,000). That would mean that as an alternative of $5,000, customers could spend $6,000 on United flights, whatever the variety of flights they take. Customers also receive 1 PQP for each $20 spent on co-branded cards. However, among the options within the bank card portfolio offer 1 PQP for each $15 spent.</p>
<p>Here are the changes:</p>
<ul>
<li>Silver Status: 5,000 PQPs and 15 Premier Qualifying Flights or simply 6,000 Premiere Qualifying Points. (Increase from 4,000 PQPs and 12 PQFs, or 5,000 PQPs alone.)</li>
<li>Gold status: 10,000 PQPs and 30 PQFs or 12,000 PQPs. (Increase from 8,000 PQPs and 24 PQFs, or 10,000 PQPs alone.)</li>
<li>Platinum Status: 15,000 PQPs and 45 PQFs or 18,000 PQPs. (Increase of 12,000 PQPs and 36 PQFs, 15,000 PQPs alone.)</li>
<li>1K: 22,000 PQPs and 60 PQFs or 28,000 PQPs. (Increase from 18,000 PQPs and 54 PQFs or 24,000 PQPs.)</li>
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		<title>Brentwood City Council warned against introducing ‘unconstitutional’ requirements for local media</title>
		<link>https://bloggingthree.soflytech.com/2024/07/brentwood-city-council-warned-against-introducing-unconstitutional-requirements-for-local-media/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Wed, 24 Jul 2024 06:52:36 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Brentwood]]></category>
		<category><![CDATA[City]]></category>
		<category><![CDATA[Council]]></category>
		<category><![CDATA[introducing]]></category>
		<category><![CDATA[local]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[requirements]]></category>
		<category><![CDATA[unconstitutional]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=9836</guid>

					<description><![CDATA[BRENTWOOD – The City Council decided Tuesday night that it needs more time to debate requiring local media to follow a certain code of ethics with a view to receive promoting or press releases. The decision followed a debate concerning the First Amendment and her portrayal within the media, and a outstanding free speech organization [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2021/05/BOA-L-COVERART-1030.jpg?w=1400px&amp;strip=all" /></p>
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<p>BRENTWOOD – The City Council decided Tuesday night that it needs more time to debate requiring local media to follow a certain code of ethics with a view to receive promoting or press releases.</p>
<p>The decision followed a debate concerning the First Amendment and her portrayal within the media, and a outstanding free speech organization warned her of possible legal consequences.</p>
<p>The agenda item discussed Tuesday night was a plan to &#8220;require media outlets where the city spends money on advertising or distributes the city&#39;s press releases to adhere to the Society of Professional Journalists&#39; code of ethics.&#8221; However, a letter from the Society of Professional Journalists and the First Amendment Coalition said doing so would violate the Constitution.</p>
<p>&#8220;We want to inform you that your proposal to discriminate against news outlets is unconstitutional, no matter how well-intentioned,&#8221; the letter states. &#8220;Given the protections of the First Amendment, we expect the city to take no action on this proposal.&#8221;</p>
<p>The proposal in query was recommend by Brentwood Vice Mayor Susannah Meyer and Councilwoman Jovita Mendoza at a gathering on June 25, partly as a consequence of an argument in neighboring San Joaquin County. Last month, a grand jury there warned concerning the spread of misinformation by an area blogger who used his platform to &#8220;continually intimidate city employees and elected officials.&#8221; Both Meyer and Mendoza referenced that report of their transient discussion.</p>
<p>Mendoza and Meyer didn&#8217;t reply to requests for comment before the meeting.</p>
<p>The proposal also said that local media should publicly declare that they follow the SPJ&#39;s code of ethics.</p>
<p>David Loy, legal director of the First Amendment Coalition, said in an interview that each proposals involved litmus tests that the Supreme Court had flatly rejected.</p>
<p>&#8220;It&#39;s clear that they are using the power of public finance to retaliate against publications that don&#39;t do what they think they should do. This is a blatant attack on press freedom,&#8221; Loy said. &#8220;They would withhold advertising revenue from organizations that don&#39;t follow the government&#39;s required practices&#8230; the city cannot use this as leverage to force publications to do what the government wants.&#8221;</p>
<p>FAC and SPJ haven&#8217;t yet threatened legal motion against Brentwood, but have recently shown a willingness to take legal motion against local authorities. Earlier this month, each organizations filed a federal lawsuit against Alameda County for passing an ordinance that prohibits people from watching sideshows, arguing that the law could possibly be used to stop journalists from covering them.</p>
<p>After releasing public comments and debate on the problem, the Brentwood City Council decided that a subcommittee should further discuss the problem before making a choice.</p>
<p><em>Check back later for updates. The Brentwood City Council meeting live stream will be viewed below: </em></p>
<p><span class="embed-youtube" style="text-align:center; display: block;"><iframe title="Brentwood, CA:  City Council/Successor Agency Meeting (July 23, 2024 - 5:30 PM meeting)" width="1170" height="658" src="https://www.youtube.com/embed/XPoudEIJuYs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></span></p>
<p>Originally published: <time datetime="2024-07-23 18:06:34">July 23, 2024 at 18:06</time></p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Providing services to people in need often requires partnerships between government and nonprofit organizations, but reporting requirements will be too burdensome.</title>
		<link>https://bloggingthree.soflytech.com/2024/06/providing-services-to-people-in-need-often-requires-partnerships-between-government-and-nonprofit-organizations-but-reporting-requirements-will-be-too-burdensome/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Tue, 11 Jun 2024 11:39:57 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[burdensome]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[nonprofit]]></category>
		<category><![CDATA[organizations]]></category>
		<category><![CDATA[partnerships]]></category>
		<category><![CDATA[people]]></category>
		<category><![CDATA[providing]]></category>
		<category><![CDATA[reporting]]></category>
		<category><![CDATA[requirements]]></category>
		<category><![CDATA[requires]]></category>
		<category><![CDATA[services]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=6003</guid>

					<description><![CDATA[Many Americans welcome philanthropic donations to privately run institutions of all types – from Boys and Girls Clubs to church-sponsored charities – during Complaint about big government. But they might not realize how much nonprofit organizations – especially those who provide services to those in need – depend on public funding to fund their budgets. [&#8230;]]]></description>
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<p>Many Americans welcome philanthropic donations to privately run institutions of all types – from Boys and Girls Clubs to church-sponsored charities – during <a href="https://www.pewresearch.org/politics/2022/06/06/americans-views-of-government-decades-of-distrust-enduring-support-for-its-role/">Complaint about big government</a>.</p>
<p>But they might not realize how much nonprofit organizations – especially those who provide services to those in need – depend on public funding to fund their budgets. </p>
<p>Already within the Nineteen Thirties and <a href="https://www.hup.harvard.edu/books/9780674626393">accelerated within the Sixties</a>Many necessary social services within the United States, although largely funded by the federal government, are provided by private, nonprofit organizations that run job training programs, health clinics, child development centers, and so forth.</p>
<p>In the late Nineteen Seventies, nonprofit social services <a href="https://www.nonprofitjourney.org/uploads/8/4/4/9/8449980/_summary_of_voluntarism_in_us_salamon.pdf">almost half</a> their funding by local, state or federal governments. This share step by step grew to <a href="https://www.urban.org/research/publication/human-service-nonprofits-and-government-collaboration-findings-2010-national-survey-nonprofit-government-contracting-and-grants">over 60% by 2010</a> and remained near this level <a href="https://www.urban.org/sites/default/files/2022-10/Nonprofit%20Trends%20and%20Impacts%202021.pdf">since then</a>.</p>
<p>In my recent book “<a href="https://tupress.temple.edu/books/democracy-s-hidden-heroes">The hidden heroes of democracy: A policy that matches the people and the place</a>&#8220;I examine the opportunities and pitfalls of those partnerships between government agencies and nonprofit organizations. By relying heavily on privately run organizations to offer social services, the federal government can hire fewer staff, thereby reducing its bureaucracy and labor costs.</p>
<p>But these partnerships can fail. Ironically, a key reason for that is some of the commonly used strategies for improving and tracking the impact of those services, commonly often called “<a href="https://clearimpact.com/results-based-accountability/">Responsibility for results</a>.”</p>
<h2>Financing and suppleness</h2>
<p>This is how result responsibility works:</p>
<p>Government agencies discover the specified outcomes of a program or policy initiative they fund, after which hold the nonprofit organizations implementing that program accountable for achieving those predetermined goals. For example, workforce and job training programs are asked to report the share of their clients who enter and retain employment after six months or a 12 months. </p>
<p>At the identical time, nonprofits are given the flexibleness to choose tips on how to achieve their goals. When projects are accomplished, they report not only on what they did with the cash, but in addition on what they completed.</p>
<p>Accountability for results may look like a really perfect method to mix the political ideals of strong government with citizen engagement. Government leaders get a method to manage and hold local service providers accountable; nonprofits get the funding and suppleness they need to fulfill the needs of the communities they serve; and lawmakers can assess the return on investment of government-funded programs.</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#9f6a5f"><img decoding="async" alt="Self-help group meeting with exclusively female participants, some with shaved heads." class="lazyload" src="https://images.theconversation.com/files/599041/original/file-20240606-21-4wtrce.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/599041/original/file-20240606-21-4wtrce.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/599041/original/file-20240606-21-4wtrce.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/599041/original/file-20240606-21-4wtrce.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/599041/original/file-20240606-21-4wtrce.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/599041/original/file-20240606-21-4wtrce.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/599041/original/file-20240606-21-4wtrce.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">While keeping track of results is a useful goal, sometimes it conflicts with achieving as much as possible.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/photo/women-participate-in-breast-cancer-support-group-royalty-free-image/1168967787?adppopup=true">SDI Productions/E+ via GettyImages</a></span><br />
            </figcaption></figure>
<h2>A failure in alignment</h2>
<p>In practice, accountability for results requires three various things which can be rarely coordinated and infrequently briefly supply.</p>
<p>First, the goals have to be clearly defined and agreed upon by all parties. This is especially difficult in collaborative partnerships, as goals often diverge or change over time.</p>
<p>Second, there have to be a method to measure outcomes so that they will be reported, but obtaining final result data will be difficult or costly. </p>
<p>Finally, there have to be a method to evaluate results based on evidence to adapt policies and programs. This step is usually completely missing in systems which can be awash in numbers but have little time to delve deeply into what the numbers mean.</p>
<p><a href="https://tupress.temple.edu/books/democracy-s-hidden-heroes">Over the course of three a long time of evaluating grant programs</a>I actually have never experienced a situation where all three conditions were met concurrently.</p>
<h2>Rigid bureaucratic requirements</h2>
<p>I actually have interviewed a whole bunch of nonprofit directors and other local leaders who&#8217;ve struggled with the demands of accountability for results. In “<a href="https://tupress.temple.edu/books/democracy-s-hidden-heroes">The hidden heroes of democracy</a>“, I tell their stories of being caught between rigid bureaucratic requirements and unique societal circumstances.</p>
<p>These people work in places where bureaucracy and community networks meet and infrequently collide. They tell stories of receiving funds from multiple government agencies with <a href="https://global.oup.com/academic/product/the-tools-of-government-9780195136654?lang=3n&#038;cc=mu">conflicting rules and requirements</a>They complain about predetermined performance targets that stand in the way in which of the promised flexibility on the bottom. They fear that grants will force them to desert their core mission while trying to fulfill donors&#39; targets. </p>
<p>Some grant goals are so broad, reminiscent of promoting a healthy community, that nonprofits wonder tips on how to pick from a dizzying variety of potential success indicators. Sometimes small but necessary community improvement efforts, reminiscent of river cleanup days or street beautification projects, are expected to be measured by sophisticated final result indicators that don&#39;t do justice to the work being done.</p>
<p>Non-profit leaders indicate that these <a href="https://doi.org/10.1177/0899764014551987">Key figures don&#8217;t capture an important elements of their work</a> and are sometimes <a href="https://doi.org/10.1002/nml.12303">expensive to gather</a>. They repeatedly state that the reporting requirements take invaluable time away from employees that they might otherwise spend on serving their customers. In some cases, this reporting requirement and other bureaucracy consumes <a href="https://ucanr.edu/sites/UC_CCP/files/125927.pdf">two working days per week</a>.</p>
<p>Both government agencies and the nonprofits they fund are under pressure to spotlight successes. <a href="https://doi.org/10.5304/jafscd.2013.033.008">Don&#39;t mention what doesn&#39;t work</a> on account of the pressure to look successful and the necessity to secure future funding. This leads to them not learning from mistakes and making corrections that may actually improve the system and help customers.</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#33485f"><img decoding="async" alt="A woman with a clipboard and a badge hanging on a lanyard around her neck smiles during an event where people wear matching t-shirts." class="lazyload" src="https://images.theconversation.com/files/599044/original/file-20240606-21-t1uzg8.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/599044/original/file-20240606-21-t1uzg8.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/599044/original/file-20240606-21-t1uzg8.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/599044/original/file-20240606-21-t1uzg8.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/599044/original/file-20240606-21-t1uzg8.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/599044/original/file-20240606-21-t1uzg8.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/599044/original/file-20240606-21-t1uzg8.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">Every strong nonprofit organization has not less than one strong leader who juggles plenty of things behind the scenes and solves problems – including with regards to reporting requirements.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/photo/mature-adult-park-cleanup-event-coordinator-smiles-royalty-free-image/1201729995?phrase=nonprofit+leader&#038;adppopup=true">SDI Productions/E+ via GettyImages</a></span><br />
            </figcaption></figure>
<h2>Strategies to get things done</h2>
<p>Despite all of the bureaucracy, many nonprofit organizations achieve their goal of meeting the needs of their clients more often than expected. </p>
<p>The reason for this lies in the usually hidden, yet extremely necessary role of the people I consider the hidden heroes who work for nonprofits and other community organizations.</p>
<p>Many of the stories I heard were about <a href="https://doi.org/10.1111/j.1540-6210.2012.02545.x">Bypasses, evasive manoeuvres and informal agreements </a> This enabled the federal government and nonprofit partners to perform their tasks. </p>
<p>Hidden Heroes learn to face between the various worlds of presidency bureaucracy and community-based services. They find out about each cultures and tips on how to discuss this necessary work in two alternative ways. They encourage government experts to see themselves as community members, and challenge community members to see themselves as experts on their very own situation.</p>
<p>When a funder&#39;s rules don&#39;t apply to their circumstances, these hidden social service heroes negotiate alternatives or find more appropriate workarounds. </p>
<h2>Evaluation of the general system</h2>
<p>Government and nonprofits are and at all times have been partners within the delivery of social services. But my a long time of research have made it clear that these partnerships could higher meet the needs of low-income people and their communities. </p>
<p>More resources would help after <a href="https://www.simonandschuster.com/books/The-Upswing/Robert-D-Putnam/9781982129156">Decades of declining social spending and growing inequality</a>The USA <a href="https://www.weforum.org/agenda/2021/02/social-spending-highest-lowest-country-comparison-oecd-france-economics-politics-welfare/">spends less on social services than most higher-income countries</a>.</p>
<p>How the cash is spent can be necessary.</p>
<p>One of my key findings is that individuals who need social services often receive them from multiple agencies, some nonprofit and a few government-run. How well these agencies work together affects the degree to which they successfully help their shared clients. It makes a difference, for instance, whether the referral process between agencies works easily or whether local agencies duplicate programs while not meeting some needs in any respect.</p>
<p>Government grants typically fund and evaluate programs individually. While this is usually crucial, it&#8217;s also necessary to judge the complete system and fund community planning and network development activities in order that agencies can higher work together to fulfill client needs. </p>
<p>Metrics to measure outcomes will be helpful, but my research shows why the federal government, in addition to foundations and other private funders, should fastidiously consider and limit what number of things social service nonprofits must measure to fulfill funding requirements. </p>
<p>In conclusion, my research makes it clear that the majority government policies and programs have to be adapted to the particular needs of local communities or individual clients. The hidden heroes of nonprofit social services play a very important role on this.</p>
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<p><em>image credit : theconversation.com</em></p>
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		<title>Trump SEC would repeal climate disclosure requirements and goal ESG investing</title>
		<link>https://bloggingthree.soflytech.com/2024/05/trump-sec-would-repeal-climate-disclosure-requirements-and-goal-esg-investing/</link>
					<comments>https://bloggingthree.soflytech.com/2024/05/trump-sec-would-repeal-climate-disclosure-requirements-and-goal-esg-investing/#respond</comments>
		
		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Fri, 03 May 2024 03:14:36 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Climate]]></category>
		<category><![CDATA[disclosure]]></category>
		<category><![CDATA[ESG]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[repeal]]></category>
		<category><![CDATA[requirements]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[target]]></category>
		<category><![CDATA[Trump]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=2377</guid>

					<description><![CDATA[Under a second Donald Trump presidency, the Securities and Exchange Commission would reverse the aggressive stance the federal government agency has taken toward corporate giants under the leadership of current Chairman Gary Gensler, people conversant in the matter say. If Trump lost President Joe Biden Under his administration, the SEC would likely begin scaling back [&#8230;]]]></description>
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<p>Under a second Donald Trump presidency, the Securities and Exchange Commission would reverse the aggressive stance the federal government agency has taken toward corporate giants under the leadership of current Chairman Gary Gensler, people conversant in the matter say.</p>
<p>If Trump lost <a href="https://www.nbcnews.com/news/world/biden-japan-xenophobic-rcna150332" target="_blank" rel="noopener">President Joe Biden</a> Under his administration, the SEC would likely begin scaling back lots of the recently implemented environmental rules in November, in response to experts and folks near the previous president.  A primary goal of the SEC under a second Trump administration can be to roll back latest climate data disclosure rules, these people said.</p>
<p><a href="https://thehill.com/policy/energy-environment/4512578-sec-final-climate-disclosure-rule/" target="_blank" rel="noopener">hangman</a> and the SEC passed a rule in March requiring large publicly traded firms to reveal their greenhouse gas emissions.  The largest firms are required to supply climate disclosures as early as fiscal 12 months 2025, with details on greenhouse gas emissions as early as fiscal 12 months 2026.</p>
<p>Gensler argues that greenhouse gas emissions levels and other climate-related data have significant implications for firms and that investors should know this information.</p>
<p>But an SEC chaired by a Trump-appointed Republican would likely repeal those Biden-era disclosure requirements, these people said.</p>
<p>The rule “costs companies and investors enormous amounts of money and provides them no benefit,” said a one who advises Trump on SEC matters.  Like others on this story, they were granted anonymity to recount private conversations.</p>
<p>Some of those people said the prospect of Trump withdrawing from the SEC&#39;s climate disclosure rules was also tied to the previous president&#39;s antipathy to environmental, social and governance investment standards.</p>
<p>During his time in office, Trump issued an executive order that made it harder for employers to supply ESG funds in employees&#39; 401(k) retirement plans.  The Biden administration later relaxed the Trump rule.</p>
<p>In February, he said in a Truth Social post that he would restore his previous rule if elected for a second term.</p>
<p>A spokesman for Trump didn&#8217;t reply to a request for comment from CNBC.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"></a>BlackRock and Vanguard under pressure</h2>
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<p>A second Trump term focused on ESG-related issues on the SEC and beyond could spell trouble for a number of the country&#39;s largest investment management firms <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">BlackRock<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    and Vanguard.</p>
<p>The firms have long been offering their customers environmentally friendly investment options.  But the very existence of those options has led to political unrest inside firms lately.  The backlash was orchestrated by a few of Trump&#39;s political allies.</p>
<p>A <a href="https://thehill.com/homenews/state-watch/4543054-texas-schools-pull-billions-investment-blackrock-fossil-fuel-boycott-esg/" target="_blank" rel="noopener">Texas</a> The public school fund recently withdrew $8.5 billion from BlackRock&#39;s administration due to what it said was the corporate&#39;s unwillingness to take a position in fossil fuels. <a href="https://www.reuters.com/business/finance/florida-pulls-2-bln-blackrock-largest-anti-esg-divestment-2022-12-01/" target="_blank" rel="noopener">Florida</a> withdrew one other $2 billion in 2022 and accused BlackRock of putting ESG above investors.  Both states are led by politically ambitious Republican governors Ron DeSantis in Florida and Greg Abbott in Texas.</p>
<p>Press representatives for BlackRock and Vanguard didn&#8217;t immediately reply to a request for comment.  But the businesses have vehemently denied that they&#8217;re prioritizing the climate over their customers.  Both BlackRock and Vanguard are fiduciaries, meaning they&#8217;re legally obligated to place their clients&#39; interests first.</p>
<p>Still, a Trump ally told CNBC that he plans to talk with the previous president soon about learn how to use the ability of a Trump White House to beat back against ESG investing policies.</p>
<p>If Trump is elected to a second term and signs an executive order banning ESG considerations in, for instance, retirement funds, he could then call on his allies in Republican-led states to pressure investment firms to limit their green investing guidelines, he said the person near Trump.</p>
<p>“You do the executive actions at the federal level and then you call treasurers to put pressure on the investment funds to divest from ESG and get more states to divest from these funds,” the Trump confidant said.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"></a>The crypto query</h2>
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<p>Under a second Trump term, a possible exception to the SEC&#39;s curbs on aggressive regulation can be its approach toward the cryptocurrency industry, said Jennifer Lee, an attorney and former deputy director within the SEC&#39;s enforcement division.</p>
<p>“The SEC under the first Trump administration vigorously pursued crypto cases and sought to bring light and regulation to this industry,” Lee said.</p>
<p>“Under a second Trump administration, we can expect the SEC to continue efforts to define its scope and reach in crypto.”   </p>
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