The point of ESG investing is to lower the stock price and raise the cost of capital of disfavored industries, and therefore slow down their investment. It's a form of boycott. The cost of capital is the expected return. If it works, it raises expected returns of disfavored industries, and lowers the expected return of favored ones.

The COVID-19 pandemic has presented the world with challenges that are unprecedented in recent times. For the bloc of 27 European countries and roughly 500 million people that constitute the European Union (EU), these challenges have been coupled with those stemming from its peculiar design.

Is today’s economic inequality as grotesque and morally intolerable as many say it is? And, more importantly, will politicians proposed solutions expand economic opportunity for everyone?

The behind-the-scenes choreography of the media's relationship with Biden.