California lawmakers warn companies against working on border wall...

[HAPPY2BME]

U.S.-Mexico border wall fight: California considers divesting from companies involved in the project

SACRAMENTO — Three California Democrats have a warning for contractors who sign up for President Donald Trump’s border-wall construction project between the U.S. and Mexico: Build it, and we will divest from your company.

In the latest act of resistance against the Trump administration, the state lawmakers have introduced a bill that would force the state to drop its pension investments in any companies involved in the project.

Assembly Bill 946 would require the California Public Employee Retirement System and the California State Teachers Retirement System — the two largest public pension funds in the nation, with investments of $312 billion and $202 billion, respectively — to liquidate investments in any company involved with the wall’s construction within a year. It would also require the pension-fund management to report a list of those companies to the Legislature.

http://www.mercurynews.com/2017/03/20/u-s-mexico-border-wall-fight-california-considers-divesting-from-companies-involved-in-the-project/

[SVPete]

One of the reasons CA state and teachers pension funds are doing so poorly - besides being severely underfunded to mask budget deficits - is the PC restrictions imposed on them. If the unions really gave a @#$% about state workers and teachers, they would have filed suit against the trustees and State of California for failing to carry out their fiduciary duty of managing the pension funds solely for the financial benefit of the workers and teachers. I think the pension funds will collapse into insolvency before that happens.

[SVPete]

Berserkeley is refusing to do business with companies that participate in building the border wall. IF there is any practical effect, what will reducing supply do if demand remains the same? The City of Berserkeley is @#$%ing its residents, and probably by the time anything odoriferous hits the fan the pols who did it will be safely ensconced in higher offices.

BTW, I've heard SF is considering something similar. Will CA contractors knuckle under? Or refuse to do business with city governments this stupid?

[freedumb2003b]

Berserkeley is refusing to do business with companies that participate in building the border wall. IF there is any practical effect, what will reducing supply do if demand remains the same? The City of Berserkeley is @#$%ing its residents, and probably by the time anything odoriferous hits the fan the pols who did it will be safely ensconced in higher offices.

Yep.  Those who are NOT going to contract for the wall just added 20% to their bids.And since it is EVERYONE (since the contractors all know the game), the price just went up no matter who wins.

[HAPPY2BME]

Yep.  Those who are NOT going to contract for the wall just added 20% to their bids.And since it is EVERYONE (since the contractors all know the game), the price just went up no matter who wins.

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Piss on the socialist California corrupt legislatures.  Californians no longer have the will to fight this corruption, but the rest of the country still does, and can easily fight it from outside of California.

This is FEDERAL MONEY paying for this wall, and nothing says the contractors have to be Californians.

[HAPPY2BME]

Construction firms are lining up to build the wall despite potential boycotts

[HAPPY2BME]

Mexico's Catholic Church: Work on Trump wall is treason