Businesses should hear this as a cautionary tale.

Judicial Watch reports:

When private companies close thousands of stores for an afternoon to conduct anti-bias training it usually doesn’t affect American taxpayers, but in Starbucks’ case it does. In addition to approximately $400,000 in U.S. government contracts, the global coffeehouse chain has received millions of dollars from Uncle Sam for a coffee yield improvement project in Colombia, records uncovered by Judicial Watch show.

Additionally, the anti-bias curriculum that was recently forced upon 175,000 employees was designed by a nonprofit that’s largely funded by leftwing billionaire George Soros.

The group’s (Perception Institute) leadership has close ties to Democratic party politics, including Planned Parenthood and the Obama administration, Judicial Watch’s investigation found.

The special training was called to order after a manager at a Philadelphia Starbucks called police on two black men who sat in the store without buying anything. The men were eventually arrested for trespassing and the race card was quickly played.

They sat in a Starbucks for hours without buying anything, occupying space reserved for customers.  They demanded to use the restroom. They were several times requested to buy something or leave before the police were called. Doing this, the manager was acting in accordance with company policy – but was scapegoated once “the race card was played”.

Because if you are black you have an unalienable right to make free use of other people’s property?

Starbucks responded by closing 8,000 stores in the U.S. for four hours “to come together for a conversation and learning session on racial bias”.

Watch that word “conservation”. It has become very popular with theLeft. It means encounters in which you shut up and listen to them.

The goal, according to the company, was to take a foundational step in renewing Starbucks as a place where all people feel welcome. “Starbucks partners shared life experiences, heard from others, listened to experts on bias and racial anxiety, reflecting on the realities of bias in our society and talking about how all of us can work together to create public spaces where everyone feels like they belong,” the company wrote in a statement. A national newspaper described it as a “dramatic move toward racial reconciliation”.

Actually everyone had to watch propaganda videos that did not deal with the incident, but were made to impress on the audience that blacks feel they are victims of whites.

Here’s one of them:

Why? What was it really all about?

At the helm of this so-called racial reconciliation was the Perception Institute, which lists Soros’ Open Society Foundation among its major supporters. The group’s executive director, Alexis McGill-Johnson, co-founded the Democrat marketing firm Brand Architects and is a former board chair for Planned Parenthood.

She was also the political director for Russell Simmons’ Hip-Hop Summit Action Network and executive director of Citizen Change, a nonprofit founded by rapper Sean “Diddy” Combs. Perception Institute’s director of research, Rachel Godsil, was “the convener for the Obama campaign’s Urban and Metropolitan Policy Committee” and an advisor to Obama’s Housing and Urban Development (HUD) transition team. New York Mayor Bill de Blasio appointed Godsil chair of the city’s Rent Guidelines Board.

Years ago, Judicial Watch obtained documents exposing de Blasio’s dark past as an active supporter of a brutal communist regime well known as one of Latin America’s worst human rights abusers.

The Perception Institute’s research advisor, DeAngelo Bester, is a renowned leftist who served as a project manager with the National People’s Action, an  Alinskyite community-organizing group dedicated to progressive social change and economic and racial justice.

Besides advising the nonprofit that helped conduct Starbucks’ racial sensitivity training Bester is executive director of the Workers’ Center for Racial Justice, a Chicago nonprofit founded by a group of unemployed and formerly incarcerated black workers. In 2015 the group co-sponsored a Black Lives Matter protest at the International Association of Chiefs of Police convention along with the Malcom X Grassroots Movement, the International Socialist Organization and similar leftwing groups. A few years ago, the New Orleans Workers’ Center for Racial Justice received a $250,000 grant from Soros’ Open Society Foundation.

Soros dedicates monstrous sums of money to spread his radical globalist agenda by funding liberal media outlets, supporting leftwing politicians, advocating for open borders, fomenting public discord and influencing academic institutions.

In the United States Soros groups have pushed a radical agenda that includes promoting an open border with Mexico and fighting immigration enforcement efforts, fomenting racial disharmony by funding anti-capitalist black separationist organizations, financing the Black Lives Matter movement and other groups involved in the Ferguson Missouri riots, weakening the integrity of the nation’s electoral systems, opposing U.S. counterterrorism efforts and eroding 2nd Amendment protections.

He has also funded a liberal think-tank headed by former Hillary Clinton campaign chairman John Podesta and the scandal-ridden activist group Association of Community Organizations for Reform Now (ACORN), so corrupt that Congress banned it from receiving federal funding.

Then comes this from Townhall:

Starbucks announced Tuesday that it is closing 150 of its U.S. stores in the next year, three times as many as the chain normally closes in that time period.

“While certain demand headwinds are transitory, and some of our cost increases are appropriate investments for the future, our recent performance does not reflect the potential of our exceptional brand and is not acceptable,” Starbucks Chief Executive Officer Kevin Johnson said in a statement.

In May, Starbucks closed all of its more than 8,000 U.S. stores for an afternoon so that their employees could participate in “racial bias training” following an incident in Philadelphia in which a store employee called the police on two black men who were arrested for trespassing. Starbucks Chief Financial Officer Scott Maw reportedly acknowledged that the incident “had an impact” on the low same-store sales growth rate of 1 percent expected for the quarter beginning next month.

“In this last quarter, we had an unplanned initiative related to the incident in Philadelphia that culminated in closing stores,” Johnson said on a call from the Oppenheimer Consumer Conference, according to CNN. …

Outgoing Starbucks chairman Howard Schultz acknowledged at the time that the racial bias training closures would cost “tens of millions” but that he saw the closures as an investment in Starbucks employees.

Oh yes. Tens of millions. Worth paying for the approval of the Far Left.

And the company will venture further for that approval. Into the Fetish Fields of the “Resistance”. Though of course it doesn’t put it that way. It says it will “improve its food options and shift from sugary drinks to  ‘lean into more plant-based beverages’.”

Love the commerce-talk!

“We’re putting more of our energy into that afternoon day part and the portfolio of beverages that are offsetting some of the declines we’re seeing in Frappuccino beverages,” Johnson said.

Translation: Not coffee so much as more veggies and veggie drinks.

And so – we expect – more store closures.

The slow suicide of a hugely successful capitalist enterprise.

A victory for Karl Marx, Saul Alinsky, and George Soros.

Obama took a leading role in causing the subprime housing crisis which triggered the recession, but he blames it on the financial institutions which he forced to provide the bad loans.

This is an editorial from Investor’s Business Daily:

Obama pushed thousands of credit-poor blacks into homes they couldn’t afford. As a civil-rights attorney, he sued banks to rubberstamp mortgages for urban residents.

Many are now in foreclosure. …

Obama focused on “housing rights” when he worked as a lawyer-activist and community organizer in South Side Chicago. His mentor — the man who placed him in his first job there — wasthe father of the anti-redlining movement: John McKnight. He coined the term “redlining” to describe the mapping off of minority neighborhoods from home loans.

McKnight wrote a letter for Obama that helped him get into Harvard. After he graduated, [Obama] worked for a Chicago civil-rights law firm that worked closely with McKnight’s radical Gamaliel Foundation and National People’s Action, as well as Acorn, to solicit lending-discrimination cases.

At the time, NPA and Acorn were lobbying the Clinton administration to tighten enforcement of anti-redlining laws.

They also dispatched bus loads of goons trained by Obama to the doorsteps of bankers to demand more home loans for minorities. Acorn even crashed the lobby of Citibank’s headquarters in New York and accused it of discriminating against blacks.

The pressure worked. In 1994, Clinton’s top bank regulators signed a landmark anti-redlining policy that declared traditional mortgage underwriting standards racist and mandated banks apply easier lending rules for minorities.

Also that year, Attorney General Janet Reno and her aide Eric Holder filed a mortgage discrimination case against a Washington-area bank that forced it to target minority neighborhoods for subprime loans. Reno and Holder also encouraged civil-rights lawyers like Obama to file local lending-bias cases against banks.

The next year, Obama led a class-action suit against Citibank on behalf of several Chicago minorities who claimed they were rejected for home loans because of the color of their skin. …

Which was untrue. Would-be borrowers, whatever their race, who can provide no deposit and have no job are  – obviously, you may think – not eligible for loans.

But Citibank eventually settled, despite the weak case. Under the 1998 settlement, Citibank vowed to pay the alleged victims $1.4 million and launch a program to boost home lending to poor blacks in the metro area. …

Citibank underwrote thousands of shaky subprime mortgages to satisfy the court in Obama’s case. Defaults were common. When home prices collapsed, most of the loans went bust.

By putting them on the hook for loans they couldn’t pay, Obama did them no favors. Blacks have been hit hardest by foreclosures. But what does Obama care …  he pocketed at least $23,000 from the Citibank case.

Today, he blames the devastating wealth drain in black communities on [the very] subprime mortgages [he insisted upon]. He says “greedy,” “predatory” lenders tricked poor minorities into paying higher fees and interest rates. …

His closest economic advisers also promoted subprime lending. … [His] Chicago pal Austan Goolsbee, who later became his top economist, sang the praises of subprime loans in a New York Times column. He argued they allowed poor blacks “access to mortgages.”

One of Obama’s top bank regulators, Gary Gensler, once bragged that thanks to subprime mortgages, banks made home loans to minorities at “twice the rate” they made to other borrowers … “A subprime loan is a good option when the alternative is no access to credit,” he said years before the crisis.

Obama hasn’t learned from his mistakes.

Far from it … The mammoth credit watchdog agency he created (with input from NPA radicals) will dust off Clinton’s 1994 minority lending guidelines to crack down on stingy lenders. And he’s ordered Holder, now acting as his attorney general, to prosecute banks that don’t open branches in blighted urban areas.

Not only has Obama scapegoated banks for the crisis he helped cause, he’s exploited minority suffering to continue reckless policies that hurt those he claims to champion.

But the bankers do have a share in the blame. Only it is their weakness, not their economic might, that should be held against them.

Now, against their better judgment and common sense, they are letting themselves be forced by Obama into yet another money-squandering scheme. While he has learnt nothing from the subprime disaster, they have failed to acquire a spine.

His new demand is that the banks throw masses of moola down the gullet of Gaia, the Goddess of the Green religion.

And again, though it couldn’t be more obvious that Obama’s demands are a recipe for bankruptcy, they meekly comply!

Obama’s goal is to wreck the capitalist system. Can the bankers not see this? Or have they decided it’s a jolly good idea?

This also comes from from IBD:

First the affordable housing crowd shook down banks for mortgage payola for the poor. Now the environmental lobby is shaking them down for cash to underwrite President Obama’s risky green agenda.

Risky? More like a dead cert loser.

In a strange announcement, Bank of America this week pledged an eye-popping $50 billion in loans for “renewable energy” projects — windmills, solar panels and hybrids — over the next 10 years.

The Charlotte, N.C.-based bank joins a number of other large banks making green commitments amid complaints from environmental groups that they finance coal extraction, the new bugaboo of the left.

Wells Fargo has already committed $30 billion in green payola. JPMorgan Chase has pumped nearly $7 billion into renewable energy projects.

Just as they bowed to bullying by Obama-supported NPA and ACORN into giving loans to borrowers who could not possibly repay them, they are now bowing to the same tactics used by greenies.

BofA upped the ante just one month after five radical greenies climbed Bank of America stadium in Charlotte, N.C., and unfurled a 70-foot-wide banner rebranding the stadium the “Bank of Coal.”

A group called Rainforest Action Network took credit for the stunt. A San Francisco-based green version of ACORN, founded by an anti-capitalist Obama donor [who no doubt became rich enough to be a donor through capitalist enterprise], RAN wanted to highlight BofA’s funding of coal plants, which it claims cause global warming. …

RAN sent its goons to BofA’s annual meeting. They demanded the bank stop funding coal mining — specifically mountaintop clearing — and “expand investments in renewable energy.”

BofA … agreed to stop funding mountaintop mining and start funding windmills, even though coal is a more cost-efficient energy source — and far more profitable than alternatives. …

What mysterious perversion of their minds drives the beneficiaries of capitalism to wreck it?

Why would the nation’s largest bank let tree huggers dictate its investments? The same reason it agreed to underwrite billions in risky mortgages in response to threats from ACORN and other housing shakedown groups: to protect its corporate brand.

Is that why? How is its corporate brand protected by its heading for bankruptcy?

Just like banks didn’t want to be labeled “racists” then, they don’t want to be branded “polluters” now.

And extortionists like RAN, who play dirty, attacking bankers on vacation and at graduation speeches, prey on that fear. Their subversive tactics work. They know CEOs will pay them off if they apply enough pressure.

Only, BofA, Wells Fargo, Citibank and other banking giants already paid off housing-rights groups literally trillions of dollars in mortgage commitments in the run-up to the housing crisis. Yet, they’re all being sued now for lending discrimination.

Now they’re falling into the next trap. Obama and his pals are using the banking system to finance their illusory Green Economy. …

Put plainly, these are socialists trying to destroy our free enterprise system.

These Giants of Finance are not evil as Obama and the “Occupy” revolutionaries like to pretend, they are merely fools and cowards. But if many of those who have their hands on the levers of power are foolish and cowardly, they can ruin a nation.

The IBD advises them to “unapologetically defend your business and the capitalist system, make it clear your obligation is to customers and shareholders — not radical activists.”

We doubt they’ll take such sensible advice.