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Keyword: backingpuffy

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  • California's Pension System Backing Puffy, Gore, Liberal Causes

    10/11/2004 8:40:58 PM PDT · by crushelits · 9 replies · 350+ views
    NewsMax.com ^ | Dave Eberhart
    “What do rap music impresario Sean "Puff Daddy" Combs and former Vice-President Al Gore have in common?" BusinessWeek asks in its latest edition. The answer: Both are being funded by California’s state pension system – better known as CalPERS (the California Public Employees’ Retirement System). The business weekly reports that the California pension system is forking over as much as $760 million to Ronald W. Burkle, a billionaire liberal Democrat, to invest in causes and companies that “will benefit minorities, women and blue collar workers.” One of those “minorities” benefiting from the novel investment strategy is none other than rapper...