To: Slagle who wrote (67540 ) 8/15/2005 12:04:06 AM From: shades Respond to of 74559 Thanks for the history Slagle, I knew you could set me straight. RE Grandpa - he was too busy running his moonshine dukes of hazard style to worry about banks. He kept all his money under his mattress if he ever had any - which I doubt - bank holidays - didn't mean much to him I don't think, I wish he was still around though, I could ask him more about the details.And when you say "we" should have squashed them, under what authority? We were not even members of the League of Nations. It's like this - I saw william donaldson get grilled by some congress folks cause we were funding some terrorist types divestterror.org Some pension officials would like the federal government -- the only official architect of U.S. foreign policy -- to use intelligence and other means to separate companies that do business with nations tied to terrorism from companies that provide direct support to terrorists. In a March 2004 newsletter, the Council of Institutional Investors recommended that the State Department publish a list of suspect companies along with its list of state sponsors of terrorism. "It certainly seems to make sense that the entity with the most information about the roles of specific companies should be the one to provide the relevant investment guidance," the newsletter said. In the letter to the SEC's Donaldson, pension officials praised the establishment of an Office of Global Security Risk at the SEC as a good first step . The federal 2004 omnibus spending law (P. 108-199) requires that office to ensure companies listed on U.S. stock exchanges disclose to investors whether they are doing business in nations that the State Department names sponsors of terrorism. Here is something similar I believe. I dont remember the specific company but the congressman had pictures of children blown up by helicopter and rockets I think made by this company. Donaldson was very flustered. So back then, perhaps not allowing investment in areas or to companies that were using slave labor or carting off certain folks for prison death camps. The idea is not mine Slagle, I saw it being preached on Cspan - Some US states think they can make a difference where they send thier pension money - from the above article: Independent Actions Nevertheless, a minority of states have independently moved to figure out whether their pension systems invest in companies that may be doing business with nations tied to terror. The Arizona and Pennsylvania state legislatures have passed legislation to require pension fund managers to report investments in companies operating in terrorist-sponsoring nations so that state officials can decide whether to divest them. In New York City, where hundreds of firefighters were killed on Sept. 11, 2001, Comptroller William Thompson Jr. reviewed the investment portfolios of the city's five pension funds and targeted three companies that did business with state sponsors of terrorism. On behalf of the New York City Fire Department Pension Fund and the Police Pension Fund, Thompson submitted a shareholder resolution to those companies early last year asking board members to review business with terror-linked countries, according to a February 2003 release from Thompson's office. In February 2004, Thompson's office said, one of the companies announced plans to ban the business activities of its subsidiaries in sanctioned countries, including Iran and Syria. "A group like CalPERS or the New York state pension funds -- they, by the sheer power of their holdings and ownership stake -- can make a significant difference as part of a larger coalition making the point that you should or shouldn't invest in socially responsible investments," said Butler, the Uniformed Firefighters Association spokesman. Also I read christian groups saying they going to stop funding certain organizations if they don't do right regarding israel/palestine concerns.