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Investment Firms Call For Repeal Of HB2

Speakers representing leading investment firms say House Bill 2 is 'bad for business." Photo: Sean Beuter for WFDD

North Carolina's controversial House Bill 2 is now under fire from a number of major investment firms.

Financial executives were in Raleigh Monday calling for a full repeal of HB2, which prohibits anti-discrimination protections for LGBT people, and mandates which bathrooms transgender people can use.

WRAL-TV reports that speakers representing more than 50 leading investment firms spoke out against the bill, saying that it damages North Carolina's ability to compete in the business world. The firms manage $2.1 trillion dollars in assets.

The companies include Investors' Circle and Trillium Asset Management.

Joshua Humphreys is the president of the Croatan Institute, a research firm. Humphreys released a statement saying, “Quite simply, HB2 is bad for business."

The call for a repeal comes six months after the bill's passage, and several weeks after the NCAA and ACC announced they are pulling major sporting events out of the state.

Neal Charnoff joined 88.5 WFDD as Morning Edition host in 2014. Raised in the Catskill region of upstate New York, he graduated from Sarah Lawrence College in 1983. Armed with a liberal arts degree, Neal was fully equipped to be a waiter. So he prolonged his arrested development bouncing around New York and L.A. until discovering that people enjoyed listening to his voice on the radio. After a few years doing overnight shifts at a local rock station, Neal spent most of his career at Vermont Public Radio. He began as host of a nightly jazz program, where he was proud to interview many of his idols, including Dave Brubeck and Sonny Rollins. Neal graduated to the news department, where he was the local host for NPR's All Things Considered for 14 years. In addition to news interviews and features, he originated and produced the Weekly Conversation On The Arts, as well as VPR Backstage, which profiled theater productions around the state. He contributed several stories to NPR, including coverage of a devastating ice storm. Neal now sees the value of that liberal arts degree, and approaches life with the knowledge that all subjects and all art forms are connected to each other. Neal and his wife Judy are enjoying exploring North Carolina and points south. They would both be happy to never experience a Vermont winter again.

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