WASHINGTON, Jan. 23 /U.S. Newswire/ -- Many Americans may be surprised to learn that their retirement dollars are invested in publicly traded companies that have been linked to terrorist- sponsoring states or the proliferation of weapons of mass destruction and ballistic missiles. They may be even more surprised to learn that such ties could end up hurting the value of their investments. A report scheduled to air this Sunday, January 25, at 7 p.m. EST on the CBS news broadcast, 60 Minutes, will focus national attention on these little known facts.
"While 60 Minutes addresses the big-picture dynamics, this remains fundamentally a local issue. Are teachers, fire fighters, police officers and other public employees aware that their retirement dollars may be funding companies that invest in Iran, Libya, Syria, North Korea, Sudan and, earlier, Saddam Hussein's Iraq?" said Roger W. Robinson Jr., President and CEO of Conflict Securities Advisory Group (CSAG), a Washington-based firm that is prominently featured in the report and dedicated to tracking -- and informing investors about -- such "global security risk" factors. "Average Americans may want to ask, 'Does my local pension system invest in companies that are conducting business in terrorist-sponsoring states? Are my investments indirectly funding terrorism? Can my money manager identify which investments might be at risk from such business ties?'" article
And, "Can I be prosecuted?"
Saturday, January 24, 2004
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