A Little Less Sunshine in Iran

Posted on October 1, 2007 In Blog

Kudos to newly minted Florida Gov. Charlie Crist and his left-coast counterpart, Gov. Arnold Schwarzenegger for taking an aggressive lead in fighting terror with the impressive clout of their state pocketbooks.

In May, the Florida became the first state to formally divest from Iran. The measure will redirect about $1 billion in state funds from companies that do business in Iran. The Florida measure set the stage for California’s similar move this past week. The California state pension funds are among the largest in the nation, and will divert approximately $2 billion in total assets from Iran.