Pages

Jump to bottom

5 comments

1 jogiff  Sat, Jan 19, 2013 2:23:26am

I don’t think that it’s fair to say that Fortune Magazine is accusing CalSTRS of bankrolling Newtown. The author seems to just be calling for CalSTRS to divest from Bushmaster, a sentiment that I think we can all sympathize with (even if we don’t necessarily agree).

2 Aligarr  Sat, Jan 19, 2013 4:35:18am

Would a california teacher know what their Pension Funds were invested in ? And since the people who make Busmasters are a company that is owned by another Company which does not have a ticker name - Bushmaster ? It’s like owning Bayer stocks and not knowing Bayer makes insecticides . Therefore the Fortune article is either tongue-in-cheek or just plain STUPID .

3 Joanne  Sat, Jan 19, 2013 6:45:07am

Didn’t they say they were divesting completely right after the shooting? I seem to recall an article about that.

4 ReamWorks SKG  Sat, Jan 19, 2013 7:51:21am

Folks, Read the article. Of course they’ll say they’re divesting (though it’s a matter of a BILLION dollars in total, and not just a little bit.)

But the investment was against their already established guidelines:

What I honestly don’t understand, however, is why. Check out the following part of the pension system’s statement on investment responsibility:

Non-economic factors will supplement profit factors in making investment decisions. Non-economic factors are defined as those considerations not directly related to the maximization of income and the preservation of principal. The consideration of non-economic factors is for the purpose of ensuring that the Retirement System, either through its action or inaction, does not promote, condone or facilitate social injury.

Does Freedom Group not facilitate social injury? I’m not suggesting that social injury is its mission, but it certainly is a foreseeable consequence.
Moreover, CalSTRS has identified 21 risk factors “that should be included within the financial analysis of any investment decision.” Here is the one titled Human Health:

The risk to an investment’s long-term profitability from business exposure to an industry or company that makes a product which is highly detrimental to human health so that it draws significant product liability lawsuits, government regulation, United Nations sanctions and focus, and avoidance by other institutional investors.

Pretty sure the manufacture of semi-automatic rifles would apply here as well.

5 ReamWorks SKG  Sat, Jan 19, 2013 7:52:36am

re: #2 Aligarr

They’re supposed to be highly educated, licensed, professionals. Of course they should know where their money is going.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Recent PagesClick to refresh
So, Donald Trump’s Going to Get the Nomination.We're dead. We're fucking dead. We're deader than dead. No use reincarnating us, because who'd want to live in a US which is run by a tyrant?
The French Rat
7 hours, 18 minutes ago
Views: 114 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
The Rides Kick Out of It
Thanos
8 hours, 59 minutes ago
Views: 215 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Radiohead - Burn the Witch Burn The Witch. Available here x-l.co and here hyperurl.co Director - Chris Hopewell Producer - Rosie Lea BrindEditor - Ben Foley DOP - Jon Davey Art Director & production designer - Chris Hopewell Post effects and grading - Ben ...
Thanos
9 hours, 13 minutes ago
Views: 185 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Jacob Collier - (Funkified) Eleanor Rigby (Maida Vale Session)Jacob Collier performs Eleanor Rigby in session at Maida Vale for BBC Introducing and Jamie Cullum on BBC Radio 2.
Thanos
9 hours, 25 minutes ago
Views: 166 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
US Navy Seal Killed in Iraq as IS Breaches Peshmerga Lines A US Navy Seal who was advising Kurdish Peshmerga forces in northern Iraq has been killed by Islamic State (IS) militants, US defence officials say. The special warfare operator, who has not been named, died as a result of ...
Thanos
12 hours ago
Views: 239 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Israeli Sentenced to Life Over Killing of Palestinian Teen A Jerusalem court on Tuesday handed a life sentence to the main attacker in the killing of a Palestinian teenager in 2014 whose death helped spark a chain of events that led to that year’s Gaza war. The court ...
Thanos
14 hours, 31 minutes ago
Views: 255 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Where’d the Money Go? $12 TRILLION Looted by Kleptocrats I'll admit that in my darker hours, I despair of the idea that one person, acting alone, can have any kind of impact on world affairs, other than a negative one. And then I read something like this - ...
Khal Wimpo (not-so-Super Tuesday's Child)
15 hours, 51 minutes ago
Views: 334 • Comments: 1 • Rating: -1
Tweets: 0 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Somali Refugee Sets Herself on Fire in Protest at Australian Detention A Somali woman seeking asylum in Australia is in critical condition after setting herself on fire at an Australian detention facility on the pacific island of Nauru. Hodan Yasin is the second refugee to self-immolate within a week after ...
Thanos
23 hours, 37 minutes ago
Views: 247 • Comments: 0 • Rating: 1
Tweets: 3 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Samsung Smart Home Flaws Let Hackers Make Keys to Front Door IoT is here, it's unstoppable - but manufacturers have got to drop their cavalier attitudes towards securing smart devices. Computer scientists have discovered vulnerabilities in Samsung's Smart Home automation system that allowed them to carry out a host of ...
Thanos
1 day, 7 hours ago
Views: 617 • Comments: 0 • Rating: 0
Tweets: 23 • Share to Facebook
Shares: 5
Likes: 8
Comments: 10
: 23
Paul McCartney, Bob Dylan, Neil Young, Rolling Stones, the Who, and Roger Waters Announce Concert in October. ob Dylan, the Rolling Stones, Neil Young, Paul McCartney, the Who, and Pink Floyd’s Roger Waters will perform on the same billing for the first time ever in October, according to The LA Times. Who is responsible for bringing ...
Thanos
1 day, 12 hours ago
Views: 552 • Comments: 2 • Rating: 0
Tweets: 3 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0