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THOMAS BEADLE

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The ESG movement which is taking the investment world by storm can hurt North Dakota in more ways than one, as state Treasurer Thomas Beadle explains on this episode of Plain Talk.
Should our state's thinking change when it comes to investing in places like Russia and China? "I think it has to," says Thomas Beadle, treasurer of the state of North Dakota and a member of the State Investment Board.
Could the former president endorse Rick Becker in his nascent primary battle with incumbent Sen. John Hoeven? And if he did, would it make a difference?
Just so you understand what's going on, for the SIB and its money managers, investing in censorious companies that do the dirty work of Communists is somehow less controversial than providing capital for North Dakota-based companies.
North Dakota likes to bill itself as a place that's friendly for business, and that's respectful of individual rights. But in these two cases, we see the Land Board taking an excessively acquisitive view of private property and cultivating a needlessly acrimonious posture with one of our state's most important industries. These matters shouldn't just fade from the headlines.
Every single member of the Land Board is a statewide elected official. We need to hear more from them, and less from Commissioner Jodi Smith Smith, and if their message is not a united one, so be it. At least that's the truth.

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What if the ideological puritans wreaking chaos in the NDGOP are just more grubby, power-hungry politicians?
Many working around the state's investments feel the problem in this situation is not rubber-stamp State Investment board and an entrenched consultant with a too-cozy relationship with the companies it's consulting on. They think the problem is that you and I are paying attention.
The American political system works through adversity. At any given time a governing faction holds majorities, and the out-of-power faction serves as the loyal opposition, holding the majority accountable. The Democratic-NPL is clearly terrible at this.

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