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NYC teacher pension fund sells stock in gun makers, but keeps the profits

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The pension fund for New York City teachers made a bit of a political statement when it announced today that it had sold its stock in gun-makers. “This is the right thing to do,” said Michael Mulgrew, President of the United Federation of Teachers. “After the tragedy at Sandy Hook, we, as educators, had to make sure that guns were not part of our holdings.” But with those stocks...