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Related: About this forumWhite House Zeroes In on Limit to Chinese Stocks in Pension Fund
https://www.bloomberg.com/news/articles/2019-10-08/white-house-zeroes-in-on-limit-to-chinese-stocks-in-pension-fundWhite House Zeroes In on Limit to Chinese Stocks in Pension Fund
By Jenny Leonard
?October? ?8?, ?2019? ?7?:?00? ?AM
The Trump administration is moving ahead with discussions around possible restrictions on capital flows into China, with a particular focus on investments made by U.S. government pension funds, people familiar with the internal deliberations said.
The efforts are advancing even after American officials pushed back strongly against a Bloomberg News report late last month that a range of such limits was under review. Trump officials last week held meetings on the issue just hours after White House adviser Peter Navarro dismissed the report as fake news, and zeroed in on how to prevent U.S. government retirement funds from financing Chinas economic rise, the people said.
The office of Larry Kudlow, director of the White Houses National Economic Council, convened a policy-coordination committee meeting last Tuesday, which also included officials from the National Security Council and the Treasury Department, the people added. An NEC spokesman declined to comment.
(snip)
At least one of the issues under consideration is time-sensitive. The Federal Retirement Thrift Investment Board in 2017 made a decision that by mid-2020 the international fund offered to workers in the governments pension would mirror the MSCI All Country World Index, which captures emerging markets, including China.
Some U.S. lawmakers and China hawks outside the government have pushed the board to reverse that decision and, if necessary, have the administration use executive power to protect U.S. government workers. They argue that Americans are harmed by channeling money into Chinese firms that are allegedly involved in human-rights violations and at the center of U.S. national security concerns.
The change would expose almost $50 billion in retirement assets of federal government employees, including members of the U.S. Armed Forces, to severe and undisclosed material risks associated with many of the Chinese companies listed on the index, opponents argue.
(snip)
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White House Zeroes In on Limit to Chinese Stocks in Pension Fund (Original Post)
nitpicker
Oct 2019
OP
Farmer-Rick
(10,175 posts)1. So, does he care about all those patents Ivanka and he extorted from Gina?
I guess not. He'll throw anyone over board if he wants his revenge for what? Why does he have it so hard for Gina? Is it because they wouldn't dig up dirt on Biden or others for him?
We are ruled by a drug addicted psychopath and his party, the American filthy rich capitalist kings and their bankers are cheering him on for a little more profit.
So, when Brett and Clarance hop to and approve of Trump's magical immunity from all prosecution and investigation, and all those he bestows it upon, then what will we do?