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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Nov. 4, 2007 / 4 Kislev

Invest terror free

By Frank J. Gaffney, Jr.


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http://www.JewishWorldReview.com | At this writing, American and foreign leaders search, with increasing desperation, for ways short of a military attack to prevent Iran's mullahs from getting the bomb. They are overlooking — even eschewing — what could become a powerful new force-multiplier for this campaign: Terror-free investing.


Ironically, there has arguably never been a greater need for this sort of free-market approach to intensify pressure on the Tehran regime. After all, official efforts keep coming up short.


Successive rounds of multilateral sanctions have been slowed and/or undermined by friends of Iran like Vladimir Putin's Russia and Communist China. Unaccountable bureaucrats from the International Atomic Energy Agency and the European Union keep cutting deals that offer the false hope of negotiated solutions.


Thanks in part to such political cover for Iran, even U.S. actions that are robust by comparison — involving unilateral sanctions, pressure on international banks and companies doing business in Iran and, most recently, the blacklisting of the elite Iranian Revolutionary Guard Corps (IRGC) — have not had the desired effect on Tehran's mullahocracy. To be sure, these initiatives have compounded economic difficulties engendered by the regime's gross mismanagement, corruption and diversion of funds to its military, intelligence services, support for terror and covert nuclear program. Nonetheless, the last of these continues apace.


Clearly, it is time to bring to bear another instrument capable of dramatically curbing the cash flow to Iran and, for that matter, other terror-sponsoring regimes.


For decades, it has been possible for investors to ensure that their portfolios — public or personal — are not used for purposes inconsistent with their values or priorities. Starting with the campaign to end apartheid in South Africa two decades ago, a cottage industry known as "socially responsible investing" has sprung up. Today, public pension funds, other institutions and individuals can avoid investments that involve, among other things, tobacco, alcohol, drugs, guns, gambling, Myanmar and environmental predation.


It has been difficult, however, to engage in the most socially responsible investment approach of all — ensuring the survival of our society by keeping portfolio dollars from flowing to publicly traded companies that do business with states that sponsor terrorism. Until now.


Monday the FTSE Group, a leading global index, announced it was partnering with the Conflict Securities Advisory Group (CSAG) to provide the world's first series of terror-free screened indexes. CSAG's filter that underpins these stock indexes will be the gold-standard in the burgeoning field of what the Securities and Exchange Commission calls "global security risk."


CSAG's impartial Global Security Risk Monitor was the research tool used in 2004 by the Center for Security Policy to evaluate the portfolios of public pension funds across America. The stunning finding of the study that resulted, "The Terrorism Investments of the 50 States" was that on average 15 percent to 23 percent of the funds' holdings involved companies doing business with countries on the State Department's list of state sponsors of terror. Then the value of these holdings was estimated to be roughly $188 billion, with more than $70 billion actually associated with activities in Iran, Syria, North Korea and other safe-havens for terror.


Thanks to the extraordinary efforts of the Center's Divest Terror Project Director Christopher Holton, Missouri State Treasurer Sarah Steelman, a leader of the September 11 families, Debra Burlingame, and scores of other public policy groups and state legislators, this absurd situation is beginning to be corrected. More and more Americans are becoming aware of the need to invest terror-free and the possibility that, by so doing, our country can be spared further devastation in the future, whether from Iranian nuclear weapons or other forms of terrorism.


A turning point occurred last month when California Gov. Arnold Schwarzenegger signed into law a bill initiated by freshman Republican Assemblyman Joel Anderson. With a pen stroke, the Governator ordered the divesting of tens of billions of dollars previously invested by two of the country's largest public pension funds, CALPERS and CALSTERS, in companies doing business in Iran.


Suddenly, it became clear to Wall Street there is a rapidly growing market for terror-free investing. Now, thanks to the FTSE-CSAG indexes, it will be possible for every investor in America to ensure that their portfolios, be they in the public or private sector, become a part of the effort to defeat our enemies on the financial front of this War for the Free World — rather than serve, however unintentionally, as resources for those who help them.


We all owe a special debt of gratitude to Roger Robinson, founder and president of Conflict Securities Advisory Group (CSAG). An international banker by training, Mr. Robinson applied his visionary understanding of the markets to help create investment products that for the first time enabled the American people — with no discernable difference in investment returns — to make a choice: invest terror-free or do business with those determined to take us down.


It is time the Bush administration ended its stated opposition to terror-free investing. After all, as Treasury Secretary Henry Paulson observed last month in sanctioning the IRGC: "In dealing with Iran, it is nearly impossible to know one's customer and be sure that one is not unwillingly facilitating the regime's reckless conduct."


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JWR contributor Frank J. Gaffney, Jr. heads the Center for Security Policy. Comments by clicking here.

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America has been at war for years, but until now, it has not been clear with whom or precisely for what. And we have not been using the full resources we need to win.

With the publication of War Footing, lead-authored by Frank Gaffney, it not only becomes clear who the enemy is and how high the stakes are, but also exactly how we can prevail.

War Footing shows that we are engaged in nothing less than a War for the Free World. This is a fight to the death with Islamofascists, Muslim extremists driven by a totalitarian political ideology that, like Nazism or Communism before it, is determined to destroy freedom and the people who love it. Sales help fund JWR.

© 2006, Frank J. Gaffney, Jr.

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