Who: The New York City Teachers’ Retirement System and state Comptroller John Liu
What: The retirement system sold the $13.5 million of stock that it owned in firearms manufacturers. “There is no need to support these companies, whose products can destroy lives and shatter communities in the blink of an eye,” Liu said in a statement. “Our investment portfolio gains nothing by doing business with these firms.”
Why It’s Dim: Some major gun stocks are up 80 percent year-over-year. That’s a bit more than “nothing,” and the fund is keeping its profits.
Cure: Enough with the self-righteous political grandstanding, OK?