Author Topic: The piously politically correct blue state that bankrolls Putin  (Read 1199 times)

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rangerrebew

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October 20, 2018
The piously politically correct blue state that bankrolls Putin
By Monica Showalter

CalPERS, the $326-billion California state pension fund for some two million state cops, firefighters, and bureaucrats, has never been shy about its trumpeting its political correctness.  It's positively famous for its pullouts of tobacco investments, Turkey investments, apartheid South Africa investments, and coal investments, and so famous that you probably would never have heard of the fund were it not for its pullouts.  It's not that they are that awful in themselves – they often try to push back on calls to divest.  But they've always been seen by leftists as a tool to oppose President Trump.  So in general, name the lefty cause, and out they pull.

Well, with one little exception: Putin's Russia.  On that one, they've shelled out nearly half a billion dollars to the Russian government (not companies, but the government) through its bond buys.  And hey, they're one of Russia's top foreign investors, top ten among foreigners.

Seth Hettena, in an op-ed in the Los Angeles Times, writes:

Read more: https://www.americanthinker.com/blog/2018/10/the_piously_politically_correct_blue_state_that_bankrolls_putin.html#ixzz5UZLldyzD