Schwarzenegger Leads on Iran Divestment

California Gov. Arnold Schwarzenegger signed a bill ordering the state’s two giant pension funds to divest stock in firms doing business in Iran.

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California Gov. Arnold Schwarzenegger signed a bill ordering CalPERS and CalSTRS, the state’s two giant pension funds, to divest stock in firms doing business in Iran. This is part of the divestment movement I wrote a column about last month—it’s bipartisan, in coastal states and the heartland, Florida and Missouri as well as California. It’s sparked by state politicians and is an interesting example of how public policy is being made around the country rather than just in Washington.