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Investing in Democracy

Plus: News from Georgia and Utah. ūüó≥ÔłŹ

Published: 7.14.23

When democracy is at risk, so are investors. A¬†new report¬†from¬†States United¬†and the¬†Brookings Institution¬†explains the connection‚ÄĒand offers strategies to help institutional investors protect both our democracy and their own portfolios.

Investors have a fiduciary duty to monitor and respond to threats to democratic institutions in the United States, says the report’s author, Dr. Layna Mosley, a professor of politics and international affairs at Princeton University. That includes the threat posed by Election Deniers.

‚ÄúWe are heading into a critical presidential election cycle,‚ÄĚ Mosley says, ‚Äúand investors need to take a serious look at their role in protecting our democracy.‚ÄĚ

‚ě°ÔłŹ¬†READ:¬†The Financial and Economic Dangers of Democratic Backsliding

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State of the States

In Georgia, Fulton County court officials selected two grand juries, one of which may decide whether to indict former President Trump and other individuals for the plot to overturn the state’s 2020 presidential election. District Attorney Fani Willis has signaled she may bring charges in August. Trump asked Georgia courts again to dismiss the grand jury’s report and disqualify Willis from the case, though legal experts have said those efforts are unlikely to succeed.

‚ě°ÔłŹ¬†READ:¬†States United‚Äôs backgrounder on the investigation

In Utah, the state Supreme Court heard arguments in a challenge to a congressional map drawn by the state legislature and asked the parties for supplemental briefs on related legal issues. A bipartisan group of former governors, represented by States United, has urged the court to hold that extreme partisan gerrymandering violates the state constitution. In a friend-of-the-court brief, the governors showed how such gerrymandering damages democracy, encourages political polarization, and makes governing more difficult.

‚ě°ÔłŹ¬†READ:¬†More on the former governors‚Äô brief

This Week in Democracy

  • Former¬†President Trump¬†asked to indefinitely delay¬†his federal trial for allegedly¬†mishandling classified documents.¬†If granted, it could potentially push the trial until after the 2024 election. Justice Department special counsel¬†Jack Smith¬†opposed the motion¬†and argued for the trial to be held on December 11, 2023.
  • Arizona Attorney General¬†Kris Mayes¬†is ramping up a criminal investigation into attempts to¬†overturn the state‚Äôs presidential election results¬†in 2020, according to¬†new reporting from The Washington Post.
  • A judge¬†threatened¬†former Trump lawyer¬†Rudy Giuliani¬†with¬†contempt of court and ‚Äúsevere‚ÄĚ sanctions¬†for failing to preserve evidence, despite court orders, in two Georgia¬†election workers‚Äô defamation suit against him. Giuliani was also ordered to reimburse the workers for nearly $90,000 in legal fees.
  • A man at the center of conspiracy theories about the Jan. 6 Capitol attack¬†sued¬†Fox News¬†for defamation, alleging that the network and its on-air hosts¬†promoted lies¬†that ‚Äúdestroyed‚ÄĚ his and his wife‚Äôs lives. Fox¬†settled¬†another defamation lawsuit brought by Dominion Voting Systems in April.
Image information: The New York Stock Exchange. (Kena Betancur/AFP via Getty Images)