Word: pensioneer
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...investor community that exacerbates human rights abuses in Sudan and sustains terrorist-sponsoring states by investing in PetroChina, Sinopec, and dozens of other companies active in the world’s pariah states. According to the Center for Security Policy’s Divest Sudan initiative, 87 U.S. public pension funds have invested more than $90 billion dollars in 83 public companies that maintain active business projects in Sudan...
Meanwhile, a coalition of black members of Congress, Jewish leaders, the Salvation Army and other Christian groups is pressing pension funds in several states, including New York and California, to shed their holdings in stocks with links to the Sudanese regime...
...expect that Harvard alone can do much damage to PetroChina. But as one of America’s most recognizable and respected institutions, Harvard has an opportunity to spur a divestment campaign in this country. If the University divests, other investment funds susceptible to public pressure, such as state pension funds, may choose to divest as well. With formal economic sanctions in the U.N. rendered impossible by China’s veto power on the Security Council and military intervention in Sudan unlikely at best, Harvard must lead the movement to divest—starving the Sudanese government...
...humid morning in Brisbane three days later, Latham embraced his mentor and Medicare's founder, former Labor Prime Minister Gough Whitlam, before unveiling the party's trump card, Medicare Gold, a massive extension of Medicare to give free hospital care to people over 75. Adding extra childcare support and pension reform to his growing list of sweeteners, it was one of Latham's high points, and his audience left bolstered - "I feel proud to be a Labor supporter again," said teacher Robin Boyne. Latham's other key message that day was simple: "I'm ready to lead...
Bubble Rap Hedge funds are heating up again--and your pension may be at stake. How big are the risks...