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Article

21 Jul 2002

Author:
Robert Collier, San Francisco Chronicle

Global California: State employees' pension fund flexes its muscle around the world

...The California Public Employees Retirement System, which handles the pensions for state workers, recently enacted a long-delayed program to screen all its overseas "emerging markets" investments to ensure that they are not contributing to human rights and labor rights violations...Mexico...got low scores from CalPERS for its suppression of independent labor unions and almost wound up on the blacklist. [also refers to China, Russia, Thailand, Indonesia, Malaysia] [refers to Abercrombie & Fitch and Jones Apparel Group]