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ESG or environmental, social governance promises to help the bottom line and the planet at the same time.

Is it too good to be true?

Stick around until the end of this I'm Dory Shimer filling in for Magna Chuck Rabardi and this is the jackpot with

on-point news analyst Jack Beatty who to put it simply helps us make a little more

sense of the world. Hi Jack. Hi Dory. It is episode 32.

What's this week's headline?

The Red Hat.

Mm.

Tell me more.

Let me begin with an anecdote.

My mother meant well. She really did in the summer of 1950. I was a little boy and she bought me a bright red quilted winter hat the earmuffs of which folded up on the top and snapped and

it was a handsome thing I I started wearing it you know even before the winter.

Of course the Korean War was on.

And as I was wearing it, just in late October,

the Chinese communists, if you will, the red the Chinese

Chinese, 200,000 of them poured across the Yalu River

attacking the American and South Korean forces there who had driven the North

Korean army up the peninsula, and suddenly American forces were forced on a terribly costly retreat,

...