Your Fund is Making Money?
You would think that Rahm would be happy if Pension Fund investments were actually making money, especially in light of their poor performance in past years. You'd be mistaken:
- Mayor Rahm Emanuel said Monday he will ask the city pension funds to divest from any gun-related holdings, speaking at a Center for American Progress panel on proposals to curb gun violence.
Emanuel also said that any gun measures in Congress should start in the Democratic-controlled Senate and be focused on criminal access in order to increase leverage in the GOP-run House.
"I've ordered all the Chicago pension funds to check any of their investments, and we're going to -- if they have it, we're going to divest of any investments they have in any gun manufacturer," Emanuel said. He added that he wanted to "lead a charge also among mayors" towards divestment.
Because we all know that Rahm is going to make up the pension shortfalls out of his own pocket.
And this just makes the rumor we heard about a certain mayor investing heavily in gun maker stocks shortly after Sandy Hook that much more believable.
And this just makes the rumor we heard about a certain mayor investing heavily in gun maker stocks shortly after Sandy Hook that much more believable.
Labels: pension
posted by SCC at 12:01 AM
50 Comments:
and now we are giving 22 whatever MILLION to some idiot trailer trash "bi-polar" family!!!!! really?!? this one really came back to bite us in the ass. stupid. stupid. stupid, to whoever yacked their jaw to the lawyers.
http://www.suntimes.com/17574642-761/city-to-pay-225-million-to-woman-released-into-high-crime-area.html
Fuck you Rahm, Ruger gun corp has MADE MONEY!
As a matter of fact, not only do I own a few of thier guns, I also own a few of thier shares.
How about I take suggestions on what gets invested, when my contributions are matched year after year. Since we make our required contribution, we should get the say on where the money goes. What a bunch of bs. Would he rather us invest in Phillip Morris, BP, or Haliburton? I'm clearly not investing in this dump of a city and it's municipal bonds.
If he REALLY wants to stick it to these evil messengers of death, Rahm should prohibit the CPD and any of it's employees from purchasing or using any of their product.
THAT'LL show em!
What else is on the mayors ban list? Sugary soft drinks? He hates those right? Will they be next?
Just take all the pension money and put it into companies that the mayor has his personal money invested in to drive his stocks up. That's what I would do. /sarcasm
Now that Chicago is on a new bent for socially responsible investing, why stop with just assault weapons?
What about sugary drinks, alcoholic beverages, tobacco products, defense stocks (Chicago is a Nuclear-weapon free zone) or gambling?
How about getting the 65 million back from DV URBAN REALTY (Valerie Jarrett and Mr. Vanecko)? Then worry about politicing.
Rahm was overheard asking...
"why cant officers just carry a taser" ???
Hey RAHM,it is OUR money.
Not yours not the city's, and not the Daley Crime Families' money.
Let's buy gun stocks for our personal portfolios and tell OUR pension and mutual funds to do the same.
When everyone else is selling, BUY.
Why hasn't the mayor demanded the pension managers divest from tobacco conglomerates too!
Tobacco is not good for our citizens.
We have more taxpayers dieing in car accidents than we do homicides don't we? Take that pension money out of the evil auto manufacturers.
That money would be much better off invested in Red light camera companies and parking meter companies don't ya think?
If it saves just one child...ha.
BUSTED:
Chicago Marijuana Tickets: City Nets $98,000 In Fines During New Law's First 5 Months reports the Huffington Post.
"[...]..According to RedEye, 380 citations, which come with a fine ranging from $250 to $500, for marijuana possession up to 15 grams were issued between Aug. 4 and Dec. 25. August was the month during which the most tickets were issued."
Hardly worth the effort isn't it?
Five months of ticket writing and you barely generated enough money to pay the wages AND benefits for one cop.
$97,000 dollars is a huge discrepancy from the projected $7 million dollars that we were all told would be gained.
"[...]..Officers also still have the option to make a marijuana arrest under 15 grams elsewhere if they see fit and it would appear that many are still choosing to do exactly that. Under a similar ordinance previously proposed by Alderman Danny Solis in November 2011, Solis said the city would stand to gain as much as $7 million in additional annual revenue from marijuana citations capped at the possession of 10 grams.
Though the marijuana ticketing law ultimately approved last summer actually increased the maximum amount of cannabis that one could be ticketed, rather than arrested for, from 10 to 15 grams, the city is still lagging far behind Solis' estimated revenue boost.
Once the 2012 citation figures are extrapolated, the city is only on track to take in about 3 percent of Solis' $7 million figure in the law's first year.
A portion of the revenue from marijuana citations was slated to be reinvested in drug education and substance abuse programs, according to a June 2012 press release from Emanuel's office."
read the entire piece here: http://www.huffingtonpost.com/2013/01/11/chicago-marijuana-tickets_n_2456788.html
What's two percent of $7 million? $210,000 dollars. And only "a portion " of that money is going to go into substance abuse programs. I wonder how much a portion was according to the mayor?
Ha, not going to be much of a program even if you put 100% of that money into it, is it? Liars.
Rahm can give back any political donations from any Hollywood actor, producer, director who have ever been a part of a movie or tv show that glorified the use of guns. You go first Mr. Mayor.
I wish our pension fund did own plenty of gun manuacturers, they're some of the best stocks with pretty good return on investment.
So will the city make up the return if the replacement stocks dont measure up as well?
Because these funds are so healthy and "divesting" would have no bearing on that right Rahm?
Seeing this weasel on the news and hearing his whine makes me nauseous.
Keep Daley's nephew away from our pension funds.
Socialist scum! It's bad enough they underfunded us, now he wants to destroy any opportunity for the fund to grow?
This asshole needs to eat a Chick-Fil-A and shut the fuck up.
The pension fund boards are independent entities. Contrary to what the mini dictator might believe, he can't "order" them to do anything.
"And this just makes the rumor we heard about a certain mayor investing heavily in gun maker stocks shortly after Sandy Hook that much more believable."
gotta shake loose those hot stock shares quickly, before they peak.
wouldn't want to miss out on making a killing off of the 'crisis'.
oy vey.
Is Rahm one of the paid investment advisors? If not then shut the f... up.
Will this also apply to companies like Boeing, Lockheed, ATK and GE? All of them manufacture weapons.
"I've ordered all the Chicago pension funds to check any of their investments, and we're going to -- if they have it, we're going to divest of any investments they have in any gun manufacturer," Emanuel said.
***********
That's funny, because Mayor Cocksucker doesn't have the authority to dictate a fucking thing to any pension fund as to where they will invest their money.
THAT'S WHY WE FUCKING HAVE HALF THE BOARD ELECTED BY US!!!
Hear that Lappe? You vote to allow this cocksucker to dictate the failure of our pension investments based on his fucking personal whim and the entire police department will turn against you as an elected member of that board. Both you AND that retired member WE put on that board.
You wanna be outed in the media Mike? Go ahead and do the bidding of the cocksucker at large and see your name in print, with the entire membership of a police department you claimed as your own riding against you.
Idiotic but not surprising knowing the knucklehead mentality of Chi politicians. Only two firearm manufactures are publicly traded, Ruger and Smith & Westin. You want stop the violence then get these shooters locked up for 20 years and stop the liberal turn key prison system. As for the psychopaths nothing will stop them short of insttutionalizing them which Chi will never do. So the citizens of Chicago need to arm themselves and protect their families.
You think Rahm has ever fired a weapon? Perhaps a water gun but that's about it. What a mess of a once great city.
MS
Its unfortunate that Rahm is letting a crisis go to waste.
It's called making money you ASSHOLE! Something you know very well when it comes to YOUR pockets! Gun sales are through the roof because honest citizens fear you and your scum's policies against guns. You see, dumb ass, the only people hurt by gun laws are good people. Criminals don't care about laws.
typical democrat scum rhambo the pensions are underfunded by 50 %
Anonymous said...
Rahm was overheard asking...
"why cant officers just carry a taser" ???
1/15/2013 01:02:00 AM
Does that go for the 20 armed police officer body guards that follow him around and the four police cars sitting all around his property 24/7? I bet not. The scum political elite never do as they say. They just like to tell the public how to live.
Hey, what's your objection here? The Mayor wants to brighten up his halo of goodness with a futile gesture. Who are we to stand in the way of such an important priority? And why do we insist such gestures make some kind of sense?
Just remember: the greatness of your mayor is reflected glory on you!
Yea guns are bad Rham,How much money have you and Obama accepted from James Crown the Director of General Dynamics,Do some research on this one.
All elected politicians pension fund money contributed by the gov't needs to be diverted to Police pension funds.
America
IDEALOGUE
fuck you Rahm you pinko commie metrosexual
why don't you kick in the $18millions you scammed negotiating that ComEd deal Rahm.
And how about if America has another war you volunteer to hep OUR SIDE this time?
but we voted for him - we get what we deserve don't we?
rahm is a socialist piece of shit,if the pension funds want to invest in something it's none of his damn buisness.Careful what you wish for mr. dictator.
Can we get confirmation on that investment by a certain mayor? please let this be right!
So, are all of the war time weapons and missiles, and ammo, chemicals, etc etc...
sold by the USA for profits overseas to support global "freedom fighters"
now an issue for Rhamster?
The USA makes Gigantic bucks off of foreign weapon trades and sanctions.
Who's being ZOOMED ????
Again, while the media sits mute on this issue.
Com on' sheeple!!!
How much of my retired pension money could the city use to support ceasefire rather than a fund that makes up a pittance of the stolen money the city has "lost" and refuses to replenish as contracted?
This mayor is a power lust micro manager at best.
He's entered an arena that clearly is not in agreement with the federal governments policy, that is, the sale of weapons for profit.
Why not add: songs, movies, TV, advertisements, clothing, that support weapons.
OOF TOPIC- 008 FTO EM has his ppo write OPDO wife a ticket in front of her own home for a minor crash,she backed into a parked car,so much for being on the same team EM and looking out for each other,makes you wonder why every ppo u train and misinform complains to W/C about you.
If the Mayor is spearheading this action, I wonder if the actual contributors can sue him should the stocks continue to make money while we lose. BTW-I just bought some Sturm & Ruger stock! Fuck him!
Did the "Civic Federation" tell him to say that? Is that what the "private sector" would do?
How much time is left before he leaves for the White House????
Please..... Just go.......
"Rahm was overheard asking...
"why cant officers just carry a taser" ???"
1/15/2013 01:02:00 AM
Fine. Money where mouth is. He will naturally want to start with his security detail.
Take our funds from investments that are earning $$$$ ? I know, call in Vanecko, he will invest it wisely !!!!!
The Mayor has no control ( technically) on where the pension funds are invested. It would take a change in state law. However, and on the other hand, how do you think Daley's nephew got his hands on 65 million of the fund ? I guess our elected officials were out to lunch when the vote was taken ??
This mayor is a power lust micro manager at best.
He's entered an arena that clearly is not in agreement with the federal governments policy, that is, the sale of weapons for profit.
Why not add: songs, movies, TV, advertisements, clothing, that support weapons.
1/15/2013 12:44:00 PM
Oh, you mean the ENTERTAINMENT industry! The very industry that made Emanuel's brother, Ari, a fortune!
Does it ever stop?
Anonymous said...
and now we are giving 22 whatever MILLION to some idiot trailer trash "bi-polar" family!!!!! really?!? this one really came back to bite us in the ass. stupid. stupid. stupid, to whoever yacked their jaw to the lawyers.
http://www.suntimes.com/17574642-761/city-to-pay-225-million-to-woman-released-into-high-crime-area.html
....................................
Listen dumbass, we fucked this one up BIG TIME and that girl deserves every penny she gets. We are supposed to keep the wolves at bay, not feed them. This woman's family was on te phone all night trying to get SOMEONE to understand that this girl was mentally ill and to please hold her till she could be met by family. She got pushed to the area then let out into the wolves den. Then she was gang raped and thrown from a 7th floor window. In my 26 years it was as bad a set of decisions as could possibly be made. Anyone involved in this from the airport to the area should be ashamed. And if some right thinking copper stood up for her in court or depositions, they should be congratulated, not vilified.
hey rahm boy ! Anything you can do Cuomo can do better !!!
N.Y. Comptroller Orders Freeze of Investments in Firearm Makers
4:33p ET January 15, 2013 (Dow Jones) N.Y. Comptroller Orders Freeze of Investments in Firearm Makers
By Debbie Cai
New York state's public pension fund will freeze its investments in publicly traded, commercial firearm manufacturers following the killing of children at Sandy Hook Elementary School in Newtown, Conn., in December.
"After the terrible events in Newtown, it is clear that the national movement toward greater regulation of firearms manufacturers will impose significant reputational, regulatory and statutory hurdles that may affect shareholder value," said New York State Comptroller Thomas P. DiNapoli, who oversees the New York State Common Retirement Fund.
He added that the fund will monitor the economic and regulatory environment before taking any other steps."
---
The EXCUSE is concern over a drop in stock value. Odd, but gun stocks are up markedly over the last few months and only suffered a temporary drop in anticipation of the President's press conference.
I'm buying both Ruger and S&W tomorrow. Oh, and Cabela's.
Hey listen you midget mutherfu**er that not your money to divest, that money belongs to us jagoff.
No wonder the City is broke!
http://finance.yahoo.com/news/gun-maker-shares-spike-obama-171541467.html
The major publicly traded firearms companies are taking off right now.
Smith & Wesson is up 3.0 percent.
Sturm Ruger is up 2.6 percent.
President Obama and VP Joe Biden are currently discussing gun control in a press conference right now.
It's widely documented that firearms sales surge when discussions of gun control heat up.
"Smith & Westin"
It's Smith and Wesson , Like the oil.......
To Rahmmy
So let me get this right you fu**ing asshole. Your brother and all his friends in Homowood can make movies glorifying violence to all the impressionable youth of this country, that only perpetuates the violence while lining their pockets with piles of money at the expense of society. But when pension funds see an opportunity to invest annuitants money (and this is important part, the fuck**g money belongs to the annuitants not you jag*ff)in gun manufacturers to possibly help raise the performance of the fund so the taxpayers don't have to pick up the entire tab for all your past mismanagement, you say we will be pulling our investments from gun manufacturers for all city pension funds. You don't speak for me and my money jag*ff so shut your fuck**g mouth. Go back to work for Fannie or Freddie where you can steal til your hearts content you sawed off pr*ck.
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