by Mike Maharrey, Gold Seek: Nigeria is bringing its gold reserves home to keep it safe. According to a report by The Star, Nigerian officials decided to repatriate the country’s gold in April “to mitigate risks associated with the weakening U.S. economy.” “Economic indicators such as rising inflation, escalating debt levels, and geopolitical tensions have […]

by Paul Craig Roberts, Paul Craig Roberts: The US Supreme Court has ruled that a president has immunity for official acts, but not for personal acts. Which is which will be a contentious issue. For example, if a president were to have the CIA, FBI, or Secret Service murder a political rival that would be […]

from Stew Peters Network: TRUTH LIVES on at https://sgtreport.tv/

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All Toby Keith, all day on Fourth of July. Continue reading…

As the wind slowly goes out of the sails of corporate diversity, equity, and inclusion programs, it’s worth noting just how much purveyors of this nonsense have peddled their ideology under the false premise of data, science, and research. The Wall Street Journal published an article Friday about how the consulting firm McKinsey announced in 2015 that it had “found a link between profits and executive racial and gender diversity.” This research was “used by investors, lobbyists, and regulators to push for more women and minority groups on boards, and to justify investing in companies that appointed them.” It certainly has paid big dividends for peddlers of DEI. Within five years, there was a massive shift in how many companies hired and conducted their business. In 2020, the DEI ethos metastasized. Companies not only embraced the “racial reckoning,” they began to implement full-scale—and almost certainly illegal—racial quotas. The study gave corporations air cover to promote ideologically motivated diversity programs while saying that it was simply “good for business.” It wasn’t. What it was good for was transforming the world of Big Business into an outpost of academia. In that sense, it worked. But the original pro-business justification has turned out to be a scam. According to The Wall Street Journal, “academics have tried to repeat McKinsey’s findings and failed, concluding that there is in fact no link between profitability and executive diversity.” The only thing that the study found was that profitable companies ended up with more diversity—after they had succeeded, not before. That makes sense in a lot of ways. Big companies that are highly profitable could more easily afford to simply promote DEI with fewer consequences. A company that’s scrambling to launch itself doesn’t have that luxury. The authors of the McKinsey study say they’ve found a way to prove correlation between DEI programs and profitability, but even that is in doubt. The Wall Street Journal noted that McKinsey won’t release the names of the companies it used for the study, and it was unable to show benefits from diversity on a large range of metrics. There was just no link at all between diversity and corporate success. Now, that may not seem like a big deal. What’s one sham study among many other spurious studies? One would think it would take more than one study to persuade companies with billions of dollars on the line that using race, gender, and identity over merit is a risky proposal. But in this case, it matters a whole lot. Not only did many companies adopt the research as true, but the most powerful financial and governmental institutions with vast powers over the market picked it up and used it to foist DEI on corporate America. From the Journal: McKinsey’s research figures first in BlackRock’s references for supporting a board diversity target of 30% in its proxy voting guidelines.  It featured prominently among studies used by a Securities and Exchange Commission commissioner in 2020 to explain why she supported corporate disclosure of diversity metrics. Nasdaq cited it as evidence when the exchange applied to the SEC for a rule requiring companies it lists to have minimum diversity on boards, or explain why they don’t.  It has been cited by dozens of campaign groups pushing for rules to support consideration of social issues by pension funds and others, too. BlackRock, according to the Journal, cited the study as evidence that diversity created financial benefits when it created an exchange-traded fund that tracked a diversity index. That index has done quite poorly, “returning about 55% against more than 70% for the global index without diversity conditions.” BlackRock has gotten into hot water over its corporate practices and has announced that it is stepping away from environmental, social, and governance investing. We’ll see if that continues. What’s been clear to me from the beginning is that DEI is not merely about “diversity” in the general sense. It’s about ensuring a certain mindset. Paradoxically, the DEI industry is about creating a conformity of worldviews where every institution, every CEO, every employee is roped into the same left-wing beliefs and swims in the same direction. Those who dissent are punished and ostracized. There is now a growing counter movement to prevent this full-scale transformation. And it’s getting harder for businesses to justify their ideological commitments when they are bleeding money. Nevertheless, the DEI ethos has dug deep into America’s powerful institutions—and that includes corporate America—despite its increasing unpopularity. Don’t count on its purveyors to suddenly give up after real world failures. They undoubtedly will say that true DEI hasn’t been tried and will find new ways to impose their ideology on the American people. The post The Bogus Study at the Heart of Corporate DEI appeared first on The Daily Signal.

Joe Chestnut will NOT be competing in the famous Nathan’s Hot Dog Eating Contest this year. I’ll explain why in just a moment: This 4th will be a little different, but I’ll still be eating a whole lot of all-beef hot dogs! I’m stoked to be going to Ft. Bliss, where I’ll be eating against four of their finest soldiers. Watch live on my YouTube channel: https://t.co/Dy6TB796DQStarts at 5pm ET — Joey Chestnut (@joeyjaws) July 2, 2024 Yes, yes…..it’s official — Kamala Harris will be taking his place because she figures if she can swallow multiple bags of dicks over the years (alllllegedly) then surely she can take down a few hot dogs! I kid, I kid. I mean, there’s a reason why the Internet calls her “Heels Up Harris” but I digress. We here at WLTReport cannot confirm if any of these vicious rumors are true, and in fact we ardently stand against them!  Kamala Harris seems like nothing but a great, smart, classy lady! I would also like to go on record as saying polls like this in Twitter are HIGHLY disrespectful! How much dick has Kamala Harris sucked to get to the top? — Hodgetwins (@hodgetwins) July 3, 2024 But back to Joey Chestnut…. He’s not done competing, just banned from Nathan’s Hot Dog Eating Contest. In fact, he’ll be taking on his arch-rival, Kobayashi on September 2nd: 15-year rivals Joey Chestnut and Takeru Kobayashi will be competing in a LIVE hot dog eating competition on Monday, September 2 titled “CHESTNUT VS. KOBAYASHI: UNFINISHED BEEF” Who will be crowned the Glizzy Goat? Full story here: https://t.co/WOhbkg8Crs pic.twitter.com/jSzigKgdC2 — Bleacher Report (@BleacherReport) June 12, 2024 But why is he not involved in the most famous July 4th contest out there? Sponsorships, of course! Joey Chestnut, a 16-time Nathan’s Hot Dog Eating Contest champion, has been banned from the famous competition held on July 4th. A sponsorship to ‘represent another hot dog brand’ is the source of the conflict. A spokesperson for Major League Eating (MLE) said he wouldn’t be allowed to participate in the highly-anticipated hot dog eating contest in New York City’s Coney Island. According to the New York Post, Impossible Foods is the brand in question. Joey Chestnut banned from 2024 Nathan’s hot dog eating contest in beef over vegan franks https://t.co/FkoZP2N2b0 pic.twitter.com/YPOEtacHnY — New York Post (@nypost) June 11, 2024 From the New York Post: And not just any brand, but Impossible Foods, which recently launched a vegan frankfurter impostor made from plants. California-born Chestnut has won it 16 times, including every year since 2016. He gobbled a world’s record 76 dogs and buns in 2021 and kept his title with a paltry 62 down the hatch last year. He was expected to once again take his usual spot for the hot dog contest on the stage at the corner of Stillwell and Surf avenues — one block from the famous Boardwalk and a Coney Island tradition since 1916 — until the unexpected food fight. A rep for Major League Eating (MLE), which Nathan’s sanctions to run the event, said the organizers bent over backwards to meet Chestnut’s various demands. They even agreed to let him participate in a rival Labor Day dog-eating fest to be taped for TV as long as no hot dog brand was mentioned. But they said they drew the line on letting Chestnut pitch for a different hot dog brand. A source said Chestnut was paid $200,000 to appear in the Nathan’s contest last year, and was offered a $1.2 million, four-year contract going forward. Joey Chestnut has been banned from this year’s Nathan’s Hot Dog Eating Contest Chestnut agreed to represent vegan brand “Impossible Foods” over Nathan’s More here: https://t.co/btK6yMFuhr pic.twitter.com/qEMSTE4bDl — Bleacher Report (@BleacherReport) June 11, 2024 Nathan’s will not allow Joey Chestnut to compete in the 2024 Hot Dog eating contest after Chestnut signed a four-year, $1.2M deal with Impossible Foods, a vegan food company, per @nypost Chestnut was paid $200K for his appearance in last year’s contest pic.twitter.com/GWOTHRe8MX — Jomboy Media (@JomboyMedia) June 11, 2024 “It would be like Michael Jordan saying to Nike, ‘I’m going to represent Adidas, too,’” an MLE event organizer said, according to ESPN. Nathan’s Famous cut ties with Joey Chestnut, the hot dog eating champ, after he partnered with Impossible Foods, a rival company that makes vegan hot dogs. “It is like a gut punch” George Shea, the host of Nathan’s annual Fourth of July contest, said. https://t.co/1cJmKaYaaw pic.twitter.com/cKnq3SlkG5 — The New York Times (@nytimes) June 11, 2024 Per ESPN: “We are devastated to learn that Joey Chestnut has chosen to represent a rival brand that sells plant-based hot dogs rather than competing in the 2024 Nathan’s Famous Fourth of July Hot Dog Eating Contest,” Major League Eating said in a statement. “MLE and Nathan’s went to great lengths in recent months to accommodate Joey and his management team, agreeing to the appearance fee and allowing Joey to compete in a rival unbranded hot dog eating contest on Labor Day. For nearly two decades we have worked under the same basic hot dog exclusivity provisions. However, it seems that Joey and his managers have prioritized a new partnership with a different hot dog brand over our long-time relationship.” Chestnut owns the top 10 performances at the Nathan’s Famous Hot Dog Eating Contest, including downing a record 76 hot dogs and buns in 2021. He ate 62 franks and buns to win last year’s event “Joey Chestnut is an American hero,” MLE’s statement said. “We would love nothing more than to have him at the Nathan’s Famous International Hot Dog Eating Contest, which he has dominated for years. We hope that he returns when he is not representing a rival brand.” Now we have to flashback to perhaps my favorite Joey Chestnut moment of all time. Remember when he did this to a protestor back in 2022? The man is a legend: Joey Chestnut… DAWG pic.twitter.com/dNuDsSDuWB — Pat McAfee (@PatMcAfeeShow) July 4, 2022 Joey Chestnut… DAWG pic.twitter.com/dNuDsSDuWB — Pat McAfee (@PatMcAfeeShow) July 4, 2022 And if you’d like to see what it looks like to eat 71 hot dogs and buns in 11 minutes, just watch here: