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.

 

Former Principal Assistant to the US Air Force Secretary for Space Delivers Guest Lecture for PSSI’s Space Security Course

27.04.2020

On April 27, 2020, Dr. John P. Stopher, a Senior Fellow supporting PSSI’s Space Security Program, previously serving as the Principal Assistant to the Secretary of the Air Force for Space, delivered a guest lecture entitled “The United States ... more »

Invitation: Guest Lecture on the United States Space Force

21.04.2020

The Prague Security Studies Institute invites you to a public guest lecture by Dr John P. Stopher, Senior Fellow supporting PSSI’s Space Security Program and former Principal Assistant to the Secretary of the Air Force for Space , on the topic ... more »

Disinformation Pandemic - New Project Monitors Disinformation Narratives Related to Covid-19

11.04.2020

The goal of this project is to monitor the coverage of coronavirus pandemic on the Czech websites known to be spreading disinformation, misinformation and other contested content with the aim of identifying main narratives, authors and patterns of spreading ... more »

PSSI Staff Announcements

01.04.2020

With deep gratitude for his 13 years of dedicated service to PSSI, all of us at the Prague Security Studies Institute wish to bid a fond farewell to our dear friend and colleague, Petr Lang, who has decided to pursue new career opportunities. After the ... more »

New Study on Disinformation Business Model

01.04.2020

PSSI published a new study analyzing advertising revenues of Czech websites spreading disinformation. The study also takes a look at both international and domestic initiatives dealing with the topic. The authors of the study introduce a newly ... more »

PSSI Postpones its July 2020 NATO Summer School until Next Year

24.03.2020

Given the rapidly evolving government and other restrictions related to COVID-19 pandemic, PSSI has, regrettably, decided to postpone its annual NATO Summer School, originally scheduled to be held on 30 June – 4 July 2020, until June 27-July 2, ... more »