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Predictably, all three presidential candidates have endorsed the terror-free concept. In California, Governor Arnold Schwarzenegger recently signed a measure terminating investment by the state's huge pension funds CalPERS and CalSTERS in companies doing business in Iran. At least 19 states, including New York, New Jersey, Texas, Pennsylvania, Maryland, Missouri and Louisiana, have proposed or passed laws requiring state pension-plan sponsors to divest from firms with business links to terrorism-sponsoring nations...
...week. And for many investors, that was a rude introduction to the basic lesson that what goes up can also come down. Li Xiuzhen, 58, a retired factory worker from Beijing and newbie stock buyer, says her investment fund has shrunk by 40%. Li, who receives monthly pension of $171, has lost $8,571 in recent months. "China's stock market is the biggest gamble," she says. And lately, it's been a losing...
...founders of the "say on pay" movement probably wouldn't put it so diplomatically. In the fall of 2005, the American Federation of State, County and Municipal Employees (AFSCME), a union that runs a $850 million pension fund, was trying to figure out what to do about CEO pay - especially at Home Depot, one of its holdings, where then CEO Bob Nardelli was collecting a nearly $32-million pay package for the year, while the company's stock languished. "We had reached a level of frustration because it seemed CEO pay, no matter what we did as activist investors, kept...
...Latin-American debt?) and slowly, grindingly, expensively worked its way through them. But now most mortgages aren't sitting on the books of the lenders who made them. Instead they've been chopped up and combined into securities--with values contrived by complex mathematical models--and sold to banks, pension funds and other investors around the world. This securitization was supposed to spread risks more widely and more efficiently...
...White House, it does help illuminate the impurities - and sometimes the hypocrisies - of today's Republicans, just as Ralph Nader can do for the Democrats. The G.O.P. candidates all claimed to defend taxpayers, but Paul was the only one who refused to accept a taxpayer-funded pension or taxpayer-funded junkets. The candidates all talked about shrinking big government, but Paul was the only one who included the Pentagon and NSA wiretaps and petroleum subsidies in his definition. Bush's approval ratings have been abysmal for years, but Paul was the only Republican who really campaigned for change...