{"id":13313,"date":"2016-07-30T15:41:16","date_gmt":"2016-07-30T19:41:16","guid":{"rendered":"http:\/\/www.gunpoliticsny.com\/?p=13313"},"modified":"2016-07-30T15:41:16","modified_gmt":"2016-07-30T19:41:16","slug":"the-politics-of-investing","status":"publish","type":"post","link":"http:\/\/www.gunpoliticsny.com\/?p=13313","title":{"rendered":"The politics of investing"},"content":{"rendered":"<p><a href=\"http:\/\/www.gunpoliticsny.com\/?p=13255\">A few weeks ago<\/a> <a href=\"http:\/\/comptroller.nyc.gov\">NYC Comptroller Scott Stringer<\/a> made <a href=\"http:\/\/comptroller.nyc.gov\/newsroom\/statement-of-new-york-city-comptroller-scott-m-stringer-on-new-york-city-employees-retirement-system-vote-to-divest-from-gun-retailers\/\" target=\"_blank\">a big deal<\/a> about getting the <a href=\"http:\/\/www.nycers.org\" target=\"_blank\">City Employees Retirement Fund<\/a> to dump stocks from firearm retailers.<\/p>\n<p><a href=\"http:\/\/www.crainsnewyork.com\/article\/20160729\/BLOGS01\/160729852\/poor-pension-returns-to-cost-new-york-city-700-million\" target=\"_blank\">How did that work out<\/a>?<\/p>\n<blockquote><p><em>&#8220;After earning only 1.5% on its pension funds for the 2017 fiscal year ended June 30, the city will have to contribute an additional $732 million to the plans over the next three fiscal years &#8230; This is the second consecutive year that the city has fallen well short of its investment return target &#8230;&#8221;<\/em><\/p><\/blockquote>\n<p>That is what happens when you make investment decisions based upon politics and <a href=\"http:\/\/www.usnews.com\/news\/articles\/2016-07-08\/gun-stocks-reach-record-highs-after-dallas-police-shooting\" target=\"_blank\">divest from an industry which has been on a roll<\/a>.<\/p>\n<ul class=\"ssb_list_wrapper\"><li class=\"fb2\" style=\"width:135px\"><iframe src=\"\/\/www.facebook.com\/plugins\/like.php?href=http%3A%2F%2Fwww.gunpoliticsny.com%2F%3Fp%3D13313&amp;layout=button_count&amp;action=like&amp;show_faces=false&amp;share=true&amp;width=135&amp;height=21&amp;appId=307091639398582\" scrolling=\"no\" frameborder=\"0\" style=\"border:none; overflow:hidden;  width:150px; height:21px;\" allowTransparency=\"true\"><\/iframe><\/li><li class=\"twtr\" style=\"width:90px\"><a href=\"https:\/\/twitter.com\/share\" class=\"twitter-share-button\" data-url=\"http:\/\/www.gunpoliticsny.com\/?p=13313\">&nbsp;<\/a><script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');<\/script><\/li><li class=\"gplus\" style=\"width:68px\"><div class=\"g-plusone\" data-size=\"medium\" data-href=\"http:\/\/www.gunpoliticsny.com\/?p=13313\"><\/div><\/li><li class=\"ssb_linkedin\" style=\"width:64px\"><script src=\"\/\/platform.linkedin.com\/in.js\" type=\"text\/javascript\">lang: en_US<\/script><script type=\"IN\/Share\" data-url=\"http:\/\/www.gunpoliticsny.com\/?p=13313\" data-counter=\"right\"><\/script><\/li><\/ul>","protected":false},"excerpt":{"rendered":"<p>A few weeks ago NYC Comptroller Scott Stringer made a big deal about getting the City Employees Retirement Fund to dump stocks from firearm retailers. How did that work out? &#8220;After earning only 1.5% on its pension funds for the 2017 fiscal year ended June 30, the city will have to contribute an additional $732 [&hellip;]<\/p>\n<ul class=\"ssb_list_wrapper\"><li class=\"fb2\" style=\"width:135px\"><iframe src=\"\/\/www.facebook.com\/plugins\/like.php?href=http%3A%2F%2Fwww.gunpoliticsny.com%2F%3Fp%3D13313&amp;layout=button_count&amp;action=like&amp;show_faces=false&amp;share=true&amp;width=135&amp;height=21&amp;appId=307091639398582\" scrolling=\"no\" frameborder=\"0\" style=\"border:none; overflow:hidden;  width:150px; height:21px;\" allowTransparency=\"true\"><\/iframe><\/li><li class=\"twtr\" style=\"width:90px\"><a href=\"https:\/\/twitter.com\/share\" class=\"twitter-share-button\" data-url=\"http:\/\/www.gunpoliticsny.com\/?p=13313\">&nbsp;<\/a><script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');<\/script><\/li><li class=\"gplus\" style=\"width:68px\"><div class=\"g-plusone\" data-size=\"medium\" data-href=\"http:\/\/www.gunpoliticsny.com\/?p=13313\"><\/div><\/li><li class=\"ssb_linkedin\" style=\"width:64px\"><script src=\"\/\/platform.linkedin.com\/in.js\" type=\"text\/javascript\">lang: en_US<\/script><script type=\"IN\/Share\" data-url=\"http:\/\/www.gunpoliticsny.com\/?p=13313\" data-counter=\"right\"><\/script><\/li><\/ul>","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,16],"tags":[],"class_list":["post-13313","post","type-post","status-publish","format-standard","hentry","category-humor","category-politics"],"_links":{"self":[{"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=\/wp\/v2\/posts\/13313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13313"}],"version-history":[{"count":3,"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=\/wp\/v2\/posts\/13313\/revisions"}],"predecessor-version":[{"id":13316,"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=\/wp\/v2\/posts\/13313\/revisions\/13316"}],"wp:attachment":[{"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13313"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.gunpoliticsny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}