the bill requires each board of the states retirement systems also known as calpers and calstrs ers. >> to determine whether companies they invest in have business operations in russia or belarus or supply military equipment to russia belarus. and the latest bill analysis, calpers told lawmakers about 69% of the publicly traded global companies in the fund's global equity gets revenue from russia and or belarus and could be subject to divestment rules laid out in the bill. the same applies to another 10% or 14 billion dollars of its global fixed income portfolios at its april board meeting calpers board voted to reject the bill saying the bill is overly broad and would capture more than 3,000 companies in its portfolio is for the state teachers retirement system. the bill analysis shows its exposure in global equity and fixed income investments driving revenue from russia. total 96 billion dollars. both systems expect significant costs in the hundreds of millions of dollars each for investment losses, transaction staffing and contracting costs. if the bill is passed, neither retireme

the bill requires each board of the states retirement systems, also known as calpers and calstrs ers. >> to determine whether companies they invest in have business operations in russia or belarus or supply military equipment to russia belarus. and the latest bill analysis, calpers told lawmakers about 69% of the publicly traded global companies in the fund's global equity gets revenue from russia and or belarus and could be subject to divestment rules laid out in the bill. the same applies to another 10% or 14 billion dollars of its global fixed income portfolios at its april board meeting calpers board voted to reject the bill saying the bill is overly broad and would capture more than 3,000 companies in its portfolio is for the state teachers retirement system. the bill analysis shows its exposure in global equity and fixed income investments driving revenue from russia. total 96 billion dollars. both systems expect significant costs in the hundreds of millions of dollars each for investment losses, transaction staffing and contracting costs. if the bill is passed, neither retireme

the bill requires each board of the states retirement systems, also known as calpers and calstrs ers. >> to determine whether companies they invest in have business operations in russia or belarus or supply military equipment to russia or belarus. and the latest bill analysis, calpers told lawmakers about 69% of the publicly traded global companies in the fund's global equity gets revenue from russia and or belarus and could be subject to divestment rules laid out in the bill. the same applies to another 10% or 14 billion dollars of its global fixed income portfolios at its april board meeting calpers board voted to reject the bill saying the bill is overly broad and would capture more than 3,000 companies in its portfolio is for the state teachers retirement system. the bill analysis shows its exposure in global equity and fixed income investments driving revenue from russia. total 96 billion dollars. both systems expect significant costs in the hundreds of millions of dollars each for investment losses, transaction staffing and contracting costs. if the bill is passed, neither retir

the bill requires each board of the states retirement systems, also known as calpers and calstrs ers. >>to determine whether companies they invest in have business operations in russia or belarus or supply military equipment to russia belarus. in the latest bill analysis, calpers told lawmakers about 69% of the publicly traded global companies in the fund's global equity gets revenue from russia and or belarus and could be subject to divestment rules laid out in the bill. the same applies to another 10% or 14 billion dollars of its global fixed income portfolios at its april board meeting calpers board voted to reject the bill saying the bill is overly broad and would capture more than 3,000 companies in its portfolio is for the state teachers retirement system. the bill analysis shows its exposure in global equity and fixed income investments driving revenue from russia. total 96 billion dollars. both systems expect significant costs in the hundreds of millions of dollars each for investment losses, transaction staffing and contracting costs. if the bill is passed, neither retirement

the bill requires each board of the states retirement systems also known as calpers and calstrs ers. >> to determine whether companies they invest in have business operations in russia or belarus or supply military equipment to russia belarus. and the latest bill analysis, calpers told lawmakers about 69% of the publicly traded global companies in the fund's global equity gets revenue from russia and or belarus and could be subject to divestment rules laid out in the bill. the same applies to another 10% or 14 billion dollars of its global fixed income portfolios at its april board meeting calpers board voted to reject the bill saying the bill is overly broad and would capture more than 3,000 companies in its portfolio is for the state teachers retirement system. the bill analysis shows its exposure in global equity and fixed income investments driving revenue from russia. total 96 billion dollars. both systems expect significant costs in the hundreds of millions of dollars each for investment losses, transaction staffing and contracting costs. if the bill is passed, neither retireme

the bill requires each board of the states retirement systems, also known as calpers and calstrs ers. >> to determine whether companies they invest in have business operations in russia or belarus or supply military equipment to russia belarus. and the latest bill analysis, calpers told lawmakers about 69% of the publicly traded global companies in the fund's global equity gets revenue from russia and or belarus and could be subject to divestment rules laid out in the bill. the same applies to another 10% or 14 billion dollars of its global fixed income portfolios at its april board meeting calpers board voted to reject the bill saying the bill is overly broad and would capture more than 3,000 companies in its portfolio is for the state teachers retirement system. the bill analysis shows its exposure in global equity and fixed income investments driving revenue from russia. total 96 billion dollars. both systems expect significant costs in the hundreds of millions of dollars each for investment losses, transaction staffing and contracting costs. if the bill is passed, neither retireme

the bill requires each board of the states retirement systems, also known as calpers and calstrs ers. >> to determine whether companies they invest in have business operations in russia or belarus or supply military equipment to russia belarus. and the latest bill analysis, calpers told lawmakers about 69% of the publicly traded global companies in the fund's global equity gets revenue from russia and or belarus and could be subject to divestment rules laid out in the bill. the same applies to another 10% or 14 billion dollars of its global fixed income portfolios at its april board meeting calpers board voted to reject the bill saying the bill is overly broad and would capture more than 3,000 companies in its portfolio is for the state teachers retirement system. the bill analysis shows its exposure in global equity and fixed income investments driving revenue from russia. total 96 billion dollars. both systems expect significant costs in the hundreds of millions of dollars each for investment losses, transaction staffing and contracting costs. if the bill is passed, neither retireme

the bill requires each board of the states retirement systems also known as calpers and calstrs ers. >> to determine whether companies they invest in have business operations in russia or belarus or supply military equipment to russia belarus. and the latest bill analysis, calpers told lawmakers about 69% of the publicly traded global companies in the fund's global equity gets revenue from russia and or belarus and could be subject to divestment rules laid out in the bill. the same applies to another 10% or 14 billion dollars of its global fixed income portfolios at its april board meeting calpers board voted to reject the bill saying the bill is overly broad and would capture more than 3,000 companies in its portfolio is for the state teachers retirement system. the bill analysis shows its exposure in global equity and fixed income investments driving revenue from russia. total 96 billion dollars. both systems expect significant costs in the hundreds of millions of dollars each for investment losses, transaction staffing and contracting costs. if the bill is passed, neither retireme

if you look at a calpers, they would prefer to continue to own the equities once you sell it you're not a stake holder and you have no say in what the company does you effectively absolved yourself rather than involved yourself by the way, i ran a poll i just tweeted this out. >> just now? >> per andrew ross sorkin's excellent interview with ben bernanke. >> thank you so much continue on. say more >> do you believe the fed is truly apolitical, we'll see how it comes out >> you got to read the book. even though he says that the fed is not political, he goes through a lot of periods, '70s, '80s under green span. there's all sorts of politics. >> he said if the early clip, arthur burns, not montgomery burns, arthur burns was basically just did nixon's bidding. >> it's actually fascinating to sort of see the full breadth of the fed in terms of how he analyzed it all. >> did he get into the politicalization of the fed in terms of whether that's part of the reason jay powell and company didn't raise rates sooner >> he doesn't say that specifically you definitely feel throughout the book that

the planet's going to burn to death in three years now you have some finding the middle ground, like calpers and c calsteres. if we completely abandon it we won't have a say, and we'd rather use our heft and might to flex and help change things from the inside out >> we're going to start our conversation, we're going to talk inflation with our next guest. we'll start with this topic. let's bring in michael strain. and donna edwards. i also want to talk inflation, because i don't know, both of you agree there's very little, it's not what the government can do, it's maybe what the government doesn't do that might help michael, we'll start with what we were just talking about esg, just a lot of pressure from, brought to bear from all over the place on fossil fuel companies. should etf managers be voting shares that are in line with their own ideology >> yeah, it's tough, joe, because on the one hand, they're responsible forecasti casting te votes, on the other hand you're right. many of them probably don't share the view of the fund managers very an old-i have an old-fashi view that the goal is