Foundations
Here's a look at documents from U.S. foundations
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As You Sow Responds to Court Decision on SB 2337: A Step Toward Protecting Shareholder Rights, But the Fight Continues
OAKLAND, California, Sept. 1 -- As You Sow Foundation posted the following news release:
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As You Sow Responds to Court Decision on SB 2337: A Step Toward Protecting Shareholder Rights, But the Fight Continues
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MEDIA CONTACT: Ryon Harms, ryon@asyousow.org, (310) 730-9407
WACO, TX- August 29, 2025 -- Today's ruling from the U.S. District Court in Waco marks a partial but important victory in the battle to preserve investor freedom and protect the use of environmental, social, and governance (ESG) factors in financial decision-making.
Judge Alan D. Albright granted a preliminary injunction
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OAKLAND, California, Sept. 1 -- As You Sow Foundation posted the following news release:
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As You Sow Responds to Court Decision on SB 2337: A Step Toward Protecting Shareholder Rights, But the Fight Continues
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MEDIA CONTACT: Ryon Harms, ryon@asyousow.org, (310) 730-9407
WACO, TX- August 29, 2025 -- Today's ruling from the U.S. District Court in Waco marks a partial but important victory in the battle to preserve investor freedom and protect the use of environmental, social, and governance (ESG) factors in financial decision-making.
Judge Alan D. Albright granted a preliminary injunctionpreventing Texas Attorney General Ken Paxton from enforcing SB 2337 against Institutional Shareholder Services (ISS) and Glass Lewis, two of the largest proxy advisory firms in the U.S. The ruling confirms that ISS and Glass Lewis have legal standing and meet the standard for injunctive relief--but the ruling only applies to ISS and Glass Lewis, leaving the broader law intact for now.
"This decision affirms that Texas cannot silence financial firms simply because they provide investors with information on climate and governance risk," said Danielle Fugere, President of As You Sow. "It's a critical step toward restoring common sense and constitutional protections to shareholder voting."
"Let's be clear--this ruling is a win, but the danger isn't over," said Andrew Behar, CEO of As You Sow. "SB 2337 is an attempt to remove shareholder oversight of the board of directors - a critical factor in risk mitigation for companies. If this law becomes the national model, it will increase investor risk and chill data-driven analysis that helps companies to be competitive in a global market."
Why This Matters
SB 2337, which takes effect September 1, targets firms like ISS and Glass Lewis by:
* Requiring disclosures when voting advice is based on ESG or other "nonpecuniary" factors
* Compelling justification whenever recommendations differ from company management
* Subjecting firms to government intervention--even in private lawsuits
These requirements violate the First Amendment by restricting speech and conflict with federal securities law, which encourages fiduciaries to consider all material risks--including environmental ones.
The preliminary injunction halts enforcement of the law only against ISS and Glass Lewis--leaving other actors involved in exercising shareholder voting rights vulnerable to enforcement under the law's broad and vague provisions.
A Law with National Consequences
SB 2337 is part of a coordinated campaign to politicize investing by banning or stigmatizing ESG. Similar bills are advancing in more than a dozen states. If left unchallenged, these laws could:
* Reduce investor access to climate, pollution, and sustainability data
* Discourage companies from addressing long-term environmental risks
* Punish proxy advisors for integrating material ESG factors into their analysis
* Undermine shareholder democracy by forcing advisors to parrot corporate management
"Had this law been enforced against ISS and Glass Lewis, it would have limited how shareholders vote their proxies and mitigate climate and social risks," said Fugere. "That's why this ruling is so essential--and why we must keep fighting for full protection."
As You Sow will continue working with partners across the financial, legal, and advocacy communities to challenge laws like SB 2337 and defend the right of shareholders to receive accurate, relevant, and unfiltered advice.
As You Sow is the nation's leading shareholder representative, with a 30-year track record promoting environmental and social corporate responsibility. Its focus areas include climate change, ocean plastics, toxins in the food system, the Rights of Nature, racial justice, and workplace diversity. Click here to view As You Sow's shareholder resolution tracker.
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Original text here: https://www.asyousow.org/press-releases/2025/9/1/as-you-sow-responds-to-court-decision-on-sb2337-a-step-toward-protecting-shareholder-rights-but-the-fight-continuesnbsp
National Right to Work Foundation President Mark Mix: Labor Day 2025 Should Be About Restoring Worker Freedom
SPRINGFIELD, Virginia, Aug. 31 -- The National Right to Work Legal Defense Foundation posted the following news release:
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National Right to Work Foundation President Mark Mix: Labor Day 2025 Should Be About Restoring Worker Freedom
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Mark Mix, president of the National Right to Work Committee and National Right to Work Foundation, issued the following statement on the occasion of Labor Day 2025:
No one should forget the reason for the festivities on Labor Day: Honoring America's hardworking men and women, who power the most prosperous and innovative country in the world. Yet too often
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SPRINGFIELD, Virginia, Aug. 31 -- The National Right to Work Legal Defense Foundation posted the following news release:
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National Right to Work Foundation President Mark Mix: Labor Day 2025 Should Be About Restoring Worker Freedom
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Mark Mix, president of the National Right to Work Committee and National Right to Work Foundation, issued the following statement on the occasion of Labor Day 2025:
No one should forget the reason for the festivities on Labor Day: Honoring America's hardworking men and women, who power the most prosperous and innovative country in the world. Yet too oftenthey're forgotten by those in the halls of power. Today we should celebrate those workers by respecting their rights, including, critically, their Right to Work: The freedom to decide to join or financially support a union, or refrain from doing so.
The facts are clear. The American public at large, and unionized workers in particular, want a free choice when it comes to affiliating with a union. Around eight in 10 Americans consistently express agreement with the Right to Work principle, and polls of unionized workers show similar sentiment.
The truth is, American workers by and large want to make a living free from coercive union power: Most say that they have "no interest at all" in joining a labor union. American workers thrive on freedom, and policymakers who claim to care about them should be prepared to defend workers' freedoms.
That means we should reject the cynical attempts by union officials to steal the spotlight on Labor Day to drum up support for their coercive agenda that seeks to impose on workers what they would never individually agree to. That agenda was unfortunately promoted with full force during the Biden Administration, which sought to undermine workers' rights to reject union affiliation while empowering union bosses to force unwilling employees into union ranks. Union chiefs and their political allies also pushed hard under Biden to require workers to fund their activities - including their politicking - as a condition of keeping their jobs.
Now, on the first Labor Day since voters rejected the dysfunctional and coercive labor policies of the Biden Administration, it's time to chart a new path for America's working men and women. Politicians at the state and federal level should pursue policies that give workers the ability to protect their livelihoods - and their paychecks - from union bosses' attempts to use them as tools to increase their power over America's government and economy.
Keep Labor Day a holiday dedicated to American workers and their freedoms. Support each worker's right to decide for themselves whether or not union affiliation is right for them.
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The National Right to Work Legal Defense Foundation is a nonprofit, charitable organization providing free legal aid to employees whose human or civil rights have been violated by compulsory unionism abuses. The Foundation, which can be contacted toll-free at 1-800-336-3600, assists thousands of employees in about 200 cases nationwide per year.
Posted on Aug 31, 2025 in News Releases
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Original text here: https://www.nrtw.org/news/labor-day-2025-09012025/
NIH director visits OMRF
OKLAHOMA CITY, Oklahoma, Aug. 30 -- The Oklahoma Medical Research Foundation posted the following news:
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NIH director visits OMRF
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U.S. Rep. Stephanie Bice hosted the director of the National Institutes of Health for a tour Friday of the Oklahoma Medical Research Foundation.
A physician and health economist, Jay Bhattacharya, M.D., Ph.D., is the 18 th director of the NIH, the world's largest public funder of medical research. He is the first NIH director since 2004 to visit Oklahoma, which currently has $165 million in active NIH projects.
The bulk of that figure is concentrated in
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OKLAHOMA CITY, Oklahoma, Aug. 30 -- The Oklahoma Medical Research Foundation posted the following news:
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NIH director visits OMRF
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U.S. Rep. Stephanie Bice hosted the director of the National Institutes of Health for a tour Friday of the Oklahoma Medical Research Foundation.
A physician and health economist, Jay Bhattacharya, M.D., Ph.D., is the 18 th director of the NIH, the world's largest public funder of medical research. He is the first NIH director since 2004 to visit Oklahoma, which currently has $165 million in active NIH projects.
The bulk of that figure is concentrated inBice's congressional district in Oklahoma City, home to the state's two largest medical research facilities, the University of Oklahoma Health Sciences Center and OMRF. Scientists compete nationwide for grants from the NIH, and in fiscal year 2024, OMRF researchers received nearly $50 million in NIH funding, with projects spanning from Alzheimer's to heart disease.
Under Bhattacharya's leadership, the NIH is focused on tackling the epidemic of chronic diseases. "Chronic diseases such as cancer, heart disease, diabetes and obesity continue to cause poor health outcomes in every community across the U.S.," he said. "Novel biomedical discoveries that enhance health and lengthen life are more vital than ever to our country's future."
Bhattacharya met with scientists researching a wide range of chronic health conditions, from age-related muscle loss to arthritis and autoimmune diseases. He also toured labs and scientific facilities, including OMRF's new Center for Biomedical Data Sciences.
The center was made possible through a congressional community project request led by Bice and U.S. Rep. Tom Cole of Moore and supplemented by private fundraising.
"Medical research thrives as the result of public-private partnerships like those Director Bhattacharya saw today in Oklahoma and that serve as the gold standard for discovery and innovation," Bice said.
For President Andrew Weyrich, Ph.D., Bhattacharya's visit provided a welcome opportunity to highlight the groundbreaking science going on in Oklahoma. "When people think about medical research, they often don't realize that OMRF is one of the world's leaders in studying conditions like aging and autoimmune diseases. Or they may not know that our work has led to life-changing drugs and tests for conditions like sickle-cell disease, lupus and rheumatoid arthritis," he said.
Those advances and others, said Weyrich, are directly attributable to funding provided by the NIH. "Thanks to the NIH, the U.S. stands at the center of the world's biomedical research stage," he said. "With leaders like Dr. Bhattacharya and congressional champions like Representative Bice, we are poised to continue making groundbreaking discoveries that improve people's lives."
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Original text here: https://omrf.org/2025/08/30/nih-director-visits-omrf/
Foundation for Economic Education Issues Commentary: Tiger on the Mekong?
DETROIT, Michigan, Aug. 30 -- The Foundation for Economic Education posted the following commentary on Aug. 29, 2025:
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Tiger on the Mekong?
Vietnam wants markets under socialist rule.
By Jake Scott
Vietnam, a nation that still languishes under the thumb of a government with an avowed communist ideology, intends to become Asia's next "tiger economy."
Ravaged by the civil war that split the country in two, and drew the United States into the sort of regional conflict that it had long sought to avoid, in 1975, Vietnam's economy lay in ruins. Infrastructure was destroyed, agricultural output
... Show Full Article
DETROIT, Michigan, Aug. 30 -- The Foundation for Economic Education posted the following commentary on Aug. 29, 2025:
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Tiger on the Mekong?
Vietnam wants markets under socialist rule.
By Jake Scott
Vietnam, a nation that still languishes under the thumb of a government with an avowed communist ideology, intends to become Asia's next "tiger economy."
Ravaged by the civil war that split the country in two, and drew the United States into the sort of regional conflict that it had long sought to avoid, in 1975, Vietnam's economy lay in ruins. Infrastructure was destroyed, agricultural outputcollapsed, and the state-controlled system struggled to feed its people. Only in 1986, with the Doi Moi reforms, did Vietnam begin transitioning toward a "socialist-oriented market economy."
Today, Vietnam has set its sights on becoming a "tiger economy" by 2045, the centenary of its independence. Authorities envision moving from low-cost manufacturing to high-income innovation, targeting areas like semiconductors, AI, renewables, and financial services.
Does this mark a shift away from the socialism that long defined its economics? Perhaps so: at the center of this shift lies Resolution 68, passed in May of this year. Resolution 68 declares, in a way seemingly paradoxical to the governing ethos of the state, that private enterprise is the "most important force" in driving growth. It's a striking move: the Communist Party is knowingly pivoting toward capitalism, without relinquishing its monopoly on power.
How can they make this work? The classic presumption is that governing ideology and macroeconomic strategy cannot remain in contradiction with one another, and one must eventually triumph over the other. With a system of free-market economics encouraging dynamism, entrepreneurialism, and--ultimately--liberty, how can a socialist government allow such reforms without undermining its authority?
On closer inspection, however, this transition appears to be less a transition than an attempt to marry an interventionist government philosophy with the rapidly emerging industries of the 21st century. Whether it will work is a different question entirely.
Three main pillars underpin the strategy:
1. Industrial upgrading. Vietnam is pouring incentives into semiconductors (an asset which has worked wonders for nearby Taiwan--could China's pressure be behind this emphasis?), artificial intelligence, and green technology. US and Japanese firms have already pledged billions for chip design and assembly plants, and Hanoi hopes to position itself as a critical link in the global supply chain between Taiwan and the West.
2. Mega infrastructure, including a $67 billion North-South high-speed railway to bind together export zones. The proposed line, a mega project stretching the length of the country, is intended to reduce logistics costs and knit together its export-oriented manufacturing clusters.
3. Financial modernization, in promoting Ho Chi Minh City in the south, and Danang in the center of the country, as special financial hubs with streamlined rules for investors and fintech startups. The goal is to embolden Ho Chi Minh City as a center of regional finance, capable of channeling both foreign investment and domestic savings into long-term industrial projects.
Vietnam's approach is a rare, perhaps impossible fusion: a late-stage, one-party state of avowedly socialist principles, embracing private enterprise as its leading growth engine. Unlike the original East Asian tigers (such as Hong Kong or Singapore), or China's grand-power model, Vietnam is pursuing a tiger strategy under one-party rule.
No comparable post-communist nation has adopted such an explicit "tiger" ambition in Asia. Laos and Cambodia remain small and institutionally fragile, keeping socialist economics to the basics, while China's path is about great-power capacity, seeking to leverage its economic might to support its global power ambitions (such as with the Belt and Road Initiative), and not truly nimble tiger dynamism. Vietnam stands alone.
At least, in Asia, it does. Europe, on the other hand, offers several instructive parallels, though with limited applicability--largely because the "Baltic Tigers" (Estonia, Latvia, Lithuania) were post-communist nations.
Gaining that nickname for their explosive post 2000 growth, those nations can largely attribute their successes to radical privatization, macroeconomic stability, EU integration, and digital government reforms. Estonia, for instance, logged GDP growth rates above 10%, with Latvia and Lithuania near that level, earning global recognition for their rapid convergence.
Further south, Slovakia earned the title "Tatra Tiger" in the early 2000s. A flat tax, pension reforms, and a pro-business climate lured massive foreign investment, especially in car manufacturing, pushing GDP growth to nearly 10% in 2006. Social costs, including higher unemployment and emigration, did follow, but the dynamism was undeniable.
These European cases show that post-communist systems can leap forward through reform and global integration. Yet, is Vietnam prepared to follow their examples? The answer seems to be a resounding "no": for Vietnam, the added twist is that it wants tiger growth while preserving one-party rule.
Unlike Baltic or Polish examples, democratizing alongside the liberalization of the economy, Vietnam is betting that the Party can drive capitalist dynamism while maintaining ideological control; and it's almost impossible to find examples of successful state-directed market growth.
Vietnam's growth strategy remains hampered by heavy state involvement and distortions. The US still classifies it as a non-market economy, exposing exports to higher tariffs, while state-owned enterprises continue to dominate key industries. This reliance on state-owned enterprises risks entrenching inefficiency and cronyism rather than fostering the open competition that characterizes free-market capitalism.
Its leaders are wagering that revolution-born institutions can recalibrate to global capitalism, without surrendering political power. Can they pull it off?
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Jake Scott
Dr Jake Scott is a political theorist specialising in populism and its relationship to political constitutionality. He has taught at multiple British universities and produced research reports for several think tanks.
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Original text here: https://fee.org/articles/tiger-on-the-mekong/
Five Big Environmental Issues Facing Virginia's Next Governor and What They Can Do About It
ANNAPOLIS, Maryland, Aug. 30 -- The Chesapeake Bay Foundation posted the following news release:
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The Five Big Environmental Issues Facing Virginia's Next Governor and What They Can Do About It
Virginia's Next Leader Can Take Action to Save the Bay and Build a Better Future Across Virginia
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As the campaign for Virginia's governor heats up, Virginia's next governor will need to tackle a host of environmental issues affecting homes and businesses, including flooding, climate change, pollution, toxics, and agriculture.
The Chesapeake Bay Foundation outlined five key actions the next governor
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ANNAPOLIS, Maryland, Aug. 30 -- The Chesapeake Bay Foundation posted the following news release:
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The Five Big Environmental Issues Facing Virginia's Next Governor and What They Can Do About It
Virginia's Next Leader Can Take Action to Save the Bay and Build a Better Future Across Virginia
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As the campaign for Virginia's governor heats up, Virginia's next governor will need to tackle a host of environmental issues affecting homes and businesses, including flooding, climate change, pollution, toxics, and agriculture.
The Chesapeake Bay Foundation outlined five key actions the next governorcan take to ensure a healthier, more resilient Commonwealth for future generations.
"Virginia's next governor will assume office at a time when Virginia is facing increasing threats from flooding, toxins, a change climate, and pollutants. While the federal government should be ramping up protections to protect Virginia homes and businesses, just the opposite is happening. It will be up to Virginia's next governor to catch Virginia up and protect our communities and wildlife from these impacts," said Jay Ford, Virginia Policy Manager at the Chesapeake Bay Foundation.
CBF's five key priorities include:
1. Restoring and protecting waterways: This includes continued investment in reducing pollution from wastewater, stormwater, and agriculture; expanding wetland and shoreline restoration; and increasing environmental education for students.
2. Creating a safe and climate-resilient Virginia: CBF urges the new administration to rejoin the Regional Greenhouse Gas Initiative (RGGI), fund local resilience projects, and expand resources for homeowners and businesses to create climate-resilient coasts.
3. Safeguarding Virginia's diverse landscapes: Virginia must expand communities' authority to conserve forests and urban trees, modernizing the Chesapeake Bay Preservation Act, and fully funding programs to preserve special lands.
4. Investing in Virginia farmers: The next administration must maintain strong support for the agricultural cost-share program and work with farmers to target pollution hotspots.
5. Stopping toxics at their source: This involves taking bold action on emerging pollutants like PFAS and microplastics, holding polluters accountable, and accelerating the transition to clean energy in a way that protects green spaces.
"The choices made by our next governor and elected officials will have a lasting impact on our rivers, streams, and the health of the Bay," said Chris Moore, Virginia Executive Director at the Chesapeake Bay Foundation. "Rising seas, supporting our farmers in their clean water efforts, or holding polluters accountable are not just environmental issues--they are economic and public health issues. CBF is ready to work with the new administration to make Virginia a leader in clean water protection."
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Original text here: https://www.cbf.org/news-media/newsroom/2025/virginia/the-five-big-environmental-issues-facing-virginias-next-governor-and-what-they-can-do-about-it.html
Foundation for Economic Education Issues Commentary: Voters and Markets - Good News From Bolivia
DETROIT, Michigan, Aug. 29 -- The Foundation for Economic Education posted the following commentary on Aug. 28, 2025:
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Voters and Markets: Good News from Bolivia
Markets react positively to Bolivia's recent elections.
By Marcos Falcone
It happened in Argentina, and now it is happening in Bolivia. Across Latin America, expelling the left from power brings optimism back to the markets. On August 17, Bolivians went to the polls and delivered a historic blow to Movimiento al Socialismo (MAS), the left-wing party that has governed Bolivia during 18 out of the past 19 years. Just a day after
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DETROIT, Michigan, Aug. 29 -- The Foundation for Economic Education posted the following commentary on Aug. 28, 2025:
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Voters and Markets: Good News from Bolivia
Markets react positively to Bolivia's recent elections.
By Marcos Falcone
It happened in Argentina, and now it is happening in Bolivia. Across Latin America, expelling the left from power brings optimism back to the markets. On August 17, Bolivians went to the polls and delivered a historic blow to Movimiento al Socialismo (MAS), the left-wing party that has governed Bolivia during 18 out of the past 19 years. Just a day afterthe election, bond prices increased by 5%, and the country's Country Risk Index score fell by 20%, according to JP Morgan. This confirmed the upward trajectory bonds had shown, since they had already risen over 30% this year.
Rodrigo Paz, a centrist candidate who received 32% of the vote, and Jorge Quiroga, a former President and right-wing candidate with 27%, will face each other in the runoff on October 19. But what truly shocked observers was not just that the MAS candidate, Eduardo del Castillo, did not reach the second round; he barely made it to fourth place with only 3% of the vote, just the number of votes they needed for the party to survive. Another centrist candidate, Samuel Doria, took third place.
In this context, it is understandable that current President Luis Arce did not seek reelection. He knew beforehand that voters would repudiate him. Only former President Evo Morales (2006-2020) was bold enough to attempt another run, but the Constitutional Court barred him from seeking a new term. Morales started the vicious circle that has brought the Bolivian economy to its knees over the past two decades, but most of the negative consequences of statism were not experienced until he left office.
The current economic crisis in Bolivia, which has built up over the years, is just another example of the kind of ever-increasing public spending that continues even as revenues stop coming in. First, the Bolivian state nationalized natural resources and, above all, gas, which abounded. Then, it enjoyed high gas prices and spent generously. Finally, when gas prices fell, the system blew up. As there were no spending cuts and deficits soared, reserves fell, inflation appeared, and multiple exchange rates were put in place. Bolivia joined the same trajectory already seen in Venezuela with oil and, to some extent, in Argentina with soybeans.
At last, the public reacted. But the Bolivian reaction seems bolder than Argentina's, where the left still received 44% of the vote in the 2023 runoff, or even Venezuela, where dictator Maduro is believed to have received about one third of the vote in the 2024 fraudulent election, according to the opposition's count. At least across Latin America it is hard to find precedents of a party that, having dominated elections for almost 20 years, suddenly plunged to 3%.
Markets certainly welcome this result. Improving expectations are already making credit access easier for Bolivian companies. They may also enable higher investment during a future post-MAS administration, provided that it can stabilize the economy, uphold the rule of law, and respect private property. Nationalizations and capital controls have driven away investors in recent years, but without them it will be impossible for Bolivia to prosper.
It is usually said that markets like certainty. Curiously, though, the fact that centrist Paz is now the front-runner was not forecast, as polls suggested that he would end up in third place. This means that all it took for investors to react positively to the first round was simply MAS's exit from power, despite the remaining uncertainty about who will actually be President. The legislative results also reinforce the message: MAS, once dominant in the Bolivian Senate, will now have no Senators. In the House, MAS only won 15% of all seats.
None of this--the election, the knowledge of the two remaining candidates, or the reaction of voters--means that Bolivia's crisis will be over anytime soon. Any future government will need the support of the public in what will certainly be difficult years of fiscal adjustment. According to the IMF, the deficit has recently hit 10% of GDP. Year-on-year inflation is higher than in Argentina, which is still recovering from near-hyperinflation. Bolivia, once a gas exporter, mismanaged the resource so badly that it now imports gas.
Can a right-wing President fix any of this? Can a centrist survive? Can they finally enact the reforms that Bolivia needs? Those are still open questions, whose answers also depend on international factors beyond anyone's control. For the time being, voters and markets seem aligned. This may not be a sufficient condition, but it is definitely a necessary one.
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Marcos Falcone
Marcos holds an MA in Social Sciences from the University of Chicago and a BA in Political Science from Torcuato di Tella University.
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Original text here: https://fee.org/articles/voters-and-markets-good-news-from-bolivia/
Denver Foundation: 2025 Annual Investment Meeting
DENVER, Colorado, Aug. 29 -- The Denver Foundation issued the following news:
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2025 Annual Investment Meeting
Long-term, global diversification, alternative investments, and cost awareness--these are the principles that guide our investment strategy at The Denver Foundation and how we work to ensure charitable dollars are available for today's needs and for generations to come.
At our Annual Investment Meeting, fundholders had the opportunity to hear directly from our investment consultants, NEPC, about market trends and how our investment pools are performing to support our donors' charitable
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DENVER, Colorado, Aug. 29 -- The Denver Foundation issued the following news:
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2025 Annual Investment Meeting
Long-term, global diversification, alternative investments, and cost awareness--these are the principles that guide our investment strategy at The Denver Foundation and how we work to ensure charitable dollars are available for today's needs and for generations to come.
At our Annual Investment Meeting, fundholders had the opportunity to hear directly from our investment consultants, NEPC, about market trends and how our investment pools are performing to support our donors' charitablegiving.
During this year's meeting, we heard from Tim McCusker, NEPC's Chief Investment Officer, who has also been recognized by CIO magazine as one of the world's most influential investment consultants. McCusker spoke at our 2024 meeting and was excited to return for this historic year as we celebrate our 100th anniversary. McCusker shared insights on how markets are responding to artificial intelligence, tariff headlines in the news, and other influential factors.
Following McCusker's market overview, we heard from Krissy Pelletier, NEPC's endowments and foundations team leader, who provided an in-depth look at asset allocations across our Long-Term Balanced Pool, Sustainable and Responsible Investment Pool, and Index Pool. She shared how our pools perform relative to their benchmarks, and how competitive long-term performance allows fundholders to give more to nonprofits and causes they care about.
As we celebrate our 100th anniversary this year, we are reminded of the significance of enduring commitments and the power of coming together to strengthen our shared future. In 1925, a group of Denver residents came together, combining private, public, and corporate funds to create a permanent endowment. The idea was that these pooled funds would grow and provide lasting support to their community over time. Today, we manage more than 1,000 funds, and our endowment, The Fund for Denver, has grown to $169.6 million.
In the opening remarks at the Annual Investment Meeting, our President and CEO Javier Alberto Soto noted, "For a century, we have been committed to strengthening the Denver community. We've weathered a world war, economic recessions, and a global pandemic, continuing to exist as a nonprofit, while also supporting nonprofits when they are in need." Our community's generosity and the enduring strength of an endowment make that possible.
Our 100th anniversary is a moment to celebrate these incredible achievements, and it's also a moment to look ahead. Join us as we continue to honor and celebrate this milestone.
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Original text here: https://denverfoundation.org/2025/08/2025-annual-investment-meeting/