tag:blogger.com,1999:blog-15329279.post6265954653166946224..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: End South Dakota Investment in Terrorismcaheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-15329279.post-78972348212114417242010-01-02T19:32:16.061-07:002010-01-02T19:32:16.061-07:00And, I might add that the first to bring it the is...And, I might add that the first to bring it the issue of SDIC's investment in terror supporting countries was former legislator Ron Williamson of the Great Plains Public Policy institute.<br /><br />We can do better than supporting Sudan, Iran and China.PPhttps://www.blogger.com/profile/18264279074664603861noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-62607579721001694772010-01-02T19:30:16.678-07:002010-01-02T19:30:16.678-07:00Cory -
I'll have to quote you on this post. ...Cory - <br /><br />I'll have to quote you on this post. <br /><br />(The part where you say "Pat Powers is right.")PPhttps://www.blogger.com/profile/18264279074664603861noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-19130764422111236752010-01-02T11:39:19.169-07:002010-01-02T11:39:19.169-07:00I also notice that our District 8 Rep. Mitch Farge...I also notice that our District 8 Rep. Mitch Fargen voted for Bernie Hunhoff's bill (<a href="http://legis.state.sd.us/sessions/2009/Bill.aspx?Bill=1098" rel="nofollow">2009's HB 1098</a>) that would have divested our state holdings in Sudan. Reps. Dreyer, Greenfield, Jensen, D. Novstrup, Pitts, Rounds, and Solum killed the bill in committee.D.caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-40569412675533944212010-01-02T11:32:04.402-07:002010-01-02T11:32:04.402-07:00Rod, Powers's earlier coverage on the topic po...Rod, Powers's earlier coverage on the topic pointed to an <a href="http://www.capjournal.com/articles/2009/04/09/news/doc49dd8c7ab68b0935187782.txt" rel="nofollow">April 2009 Bob Mercer article</a> that said a couple dozen other states have passed legislation banning Sudan investments. Should we join them?caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-44991142261133377802010-01-02T10:38:44.786-07:002010-01-02T10:38:44.786-07:00Well, we should start something, somewhere, while ...Well, we should start something, somewhere, while our 211 and another company from SF are out there taking the brunt of our investments! Grrr...<br />AprilAprilhttps://www.blogger.com/profile/08623031275329709230noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-48497017554899396402010-01-01T14:35:18.633-07:002010-01-01T14:35:18.633-07:00The world isn't evolving fast enough to allow ...The world isn't evolving fast enough to allow all "smart" energy investments with no terrorist ties, but perhaps the legislature could place a limit or give direction to the investment council. If we limited investment in companies who have links to terror-growing countries to 10% of the portfolio, reducing it by 1% each year, after ten years we would be relatively clean. What we do as a state will make no financial impact, but if 50 states move in that direction, there would be impact.GoldManhttps://www.blogger.com/profile/09478566547133172418noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-37497447125896978302010-01-01T14:08:52.351-07:002010-01-01T14:08:52.351-07:00David, thanks for pointing out the daunting comple...David, thanks for pointing out the daunting complexity of keeping your money clean in the global economy. I wonder: is there any chance a social investment restriction on our state funds could at least be a first step in the right direction, something to set a tone/precedent that we could build on in Pierre?caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-70228829238738246612010-01-01T12:54:00.319-07:002010-01-01T12:54:00.319-07:00Globalization of the economy has made investing ex...Globalization of the economy has made investing extraordinarily complex. Most of the companies involved in the countries designated as terrorist supporters are oil and energy companies. If the council was restricted from investing in these companies, have you any idea what would happen to the retirement funds? <br /><br />This is a problem, but not one that originates with the investment council. Every time we fill our gas tanks, we are "investing" in these terrorist-supporting countries.<br /><br />The very people who want to restrict the investments are the ones who ridicule the idea of moving off of carbon-based fuels to alternative energies, a move which could make it possible, and even necessary, to shift investments from global energy corporations to American-based firms. But even that is problematic. The biggest developers of wind energy in South Dakota, for example, are Australian and Spanish corporations. And some of the best engineering for alternative energy production and delivery is coming from foreign corporations with operations in those designated terror-supporting countries. <br /><br />The problems are recognized by the Obama administration, which is why it is flirting with nuclear energy, even thought we have not solved the problem of dispossing of nuclear wastes. <br /><br />And all of this is tied into global warming and the drastic shifting of weather patterns, which is also denied by those proposing investment restrictions. <br /><br />Suffice it to say that South Dakota is taking its usual Neanderthal approach to a problem that is essentially one of the future of the planet. <br /><br />Happy New Year.David Newquisthttps://www.blogger.com/profile/04937837001343753140noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-32460024397499471162010-01-01T10:01:25.629-07:002010-01-01T10:01:25.629-07:00Iran is the 6th largest producer of energy for the...Iran is the 6th largest producer of energy for the European Union. China is digging for copper in Afghanistan and drilling for oil in the Sudan. <br /><br />Worldwide business today has no moral boundaries and is only grounded in profit. If Rep. Lederman wishes to clear his conscience, perhaps a letter to our President or our Congress demanding no nation building with our military would be more in line.Thad Wassonhttps://www.blogger.com/profile/00633228072878507747noreply@blogger.com