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Missouri pension board rejects push by Vivek Malek for China divestment

1 year 7 months ago
The board overseeing Missouri’s state employee pension plan voted down a proposal by state Treasurer Vivek Malek to sell off any investments in Chinese stocks and other securities.  On a voice vote last week, the 11-member board of the Missouri State Employees Retirement System rejected Malek’s call to punish the Asian economic powerhouse for COVID-19, spy balloons and the fentanyl crisis by pulling its pension investments in the Asian economic powerhouse. China has become a bad investment…
Rudi Keller

Advocates hail regulatory ‘earthquake’ as Illinois slashes requested gas rate increases

1 year 7 months ago
Regulators at the Illinois Commerce Commission on Thursday unanimously approved rate hikes for four major natural gas utilities, but the little-known regulatory body’s decision was perhaps more notable for what it rejected. The five-member board flexed its regulatory muscle, slashing the utilities’ requested rate increases by as much as 50%. “This was an earthquake in Illinois utility regulation,” Abe Scarr, director of consumer advocacy group Illinois PIRG told Capitol News Illinois after…
Andrew Adams

Sam Altman fired as CEO of OpenAI

1 year 7 months ago
Eight years after Sam Altman co-founded OpenAI, the company's board of directors has removed him as its chief executive and appointed CTO Mira Murati as interim CEO, effective immediately.
Sara Bloomberg