Sunday, March 19, 2006

Tied to terror?

W.Va. pensions find way to rogue regimes
By Joe Morris

West Virginia’s public pensions may have hundreds of millions of dollars invested in companies doing business with terrorist-sponsoring countries.

According to an analysis conducted for the Sunday Gazette-Mail, 55 stocks in state pension portfolios belong to companies that have ties to the governments of Iran, Libya, North Korea, Sudan or Syria.

The U.S. State Department has designated all these countries as state sponsors of terrorism and barred U.S. businesses from conducting operations there, but foreign companies are under no such constraints. Read more >>>

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