News

PSSI US Capital Markets Triumph

12.05.2020

The White House has made a major move to stop the imminent transfer of some $50 billion of  US federal pension funds into a new stock index that includes a number of U.S.-sanctioned Chinese companies and other corporate national security and human rights “bad-actors”. 

The Federal Retirement Thrift Savings Plan (TSP), the world’s largest of its kind, manages $557B in funds covering US federal employees, including the armed forces, the Congress and the Executive Branch. Wall Street and other supporters of the transfer emphasize the financial benefits from including Chinese firms in the Plan’s investment portfolio. Those opposed to the action, including PSSI and its Chairman Roger Robinson – who was the first to bring this issue to the attention of the White House and other US government officials’, note the obvious policy contradiction in using federal employees’ retirement dollars to invest in U.S.-sanctioned Chinese companies and other corporate bad actors which are likewise not compliant with U.S. federal securities laws.. 

A letter from the National Security Advisor Robert O’Brien and National Economic Council Chair Larry Kudlow to U.S. Labor Secretary Eugene Scalia (who oversees the TSP) cites as grounds for the decision “national security and humanitarian concerns”, including funding China’s military buildup, advanced weapons systems and repression of national minorities. The text also mentions the “culpable actions of the Chinese government with respect to the spread of the COVID-19 pandemic”, although it should be noted that Mr. Robinson first brought this issue to the Executive Branch and the Congress in July 2019, well before the outbreak of the pandemic. 

The size of the federal Thrift Savings Plan makes the decision significant in its own right. It would prevent over $4.5B from being transferred into the wrong sorts of Chinese equities. But, perhaps even more importantly, the decision could send a signal to European governments and exchanges that there are major fiduciary, national security and human rights dangers in Chinese equity investments, encouraging similar moves among other China-skeptic governments, and possibly even extending to private investment funds as well.

 

PSSI’s Article on China’s Space Presence in the Arctic Published in Edition 30 of The Journal of the JAPCC

10.09.2020

Dr. Jana Robinson’s article on “Arctic Space Challenge for NATO Emerging from China’s Economic and Financial Assertiveness” was published in the 30th edition of the Journal of the Joint Air Power Competence Center ... more »

PSSI's Concept of the Space Sector Capture was Featured in Financial Times

02.09.2020

Dr. Jana Robinson and her work on Chinese "space sector capture” activities globally is described in an article in today’s Financial Times, entitled “US Military Officials Eye New Generation of Space Weapons”. ... more »

Response to the Report of the President’s Working Group (PWG) on Financial Markets

13.08.2020

In an  August 10 report, PSSI critiques the five recommendations of the U.S. Presidential Working Group on Financial Markets addressing risk-related concerns regarding China. One central fact remains: China continues to refuse to comply with ... more »

PSSI Introduces “Perspectives” Series

05.08.2020

As an educational, research and analytical public policy Institution, PSSI is committed to enriching – and shaping – the Transatlantic security policy debate, especially in more underdeveloped issue portfolios, like the Economic and Financial ... more »

New Case Study of Disinformation Related to Coronavirus

01.08.2020

Societies in crises tend to be more suspicious, confused and susceptible to false stories. In this regard, the current Coronavirus pandemic represents a tremendous challenge. The governments are confronted with tackling not only COVID-19 impact ... more »

Call for Applications: Cyber Security Academy 2020

08.07.2020

Are you interested in international and security affairs? Would you like to expand your knowledge of cybersecurity issues?  APPLY NOW to the Cyber Security Academy in Prague, Czech Republic! The Third PSSI Cyber Security Academy (CSA) ... more »