“The beauty of the stock market is that no one can tell you where to put your money—until now. Last month the Obama administration’s Labor Department issued Interpretive Bulletin 2015-01, which tells pension funds what factors to use when choosing investments, including climate change. Only a few tax lawyers noticed, but with U.S. pensions at $9 trillion, this is a gross power grab that will hurt the retirees it claims to protect.”
http://www.wsj.com/articles/forcing-green-politics-on-pension-funds-1447891401
Related posts:
State Department oversight of climate change spending abroad is a mess, watchdog reports
Government consumer credit card data-mining program challenged
NYC pays $75K settlement to Manhattan couple arrested for dancing in subway
Bursting Switzerland’s bubble
Democrats Work To Block Regulations, After Flood Of Campaign Cash
90% of NSA-intercepted chats found to be non-targeted Web users
Pentagon: Afghan war costing US $45 billion per year
Rising Hops Prices Make Craft Brewers Jumpy
Sen. Lindsey Graham to seek authorization for U.S. attack on Iran
Germans donated only €165,489 Euros to reduce €2.1 trillion debt
French rail company orders 2,000 trains too wide for platforms
Cypriot president 'warned his friends to move money abroad' before financial crisis hit
Marine in tutu allegedly mistakes vet's wheelchair as costume, assaults him
Young Catholics flood Rio’s streets after Pope Francis speech
Upcoming European Financial Trading Tax: "All Markets, All Actors, All Products"