CALIF. PENSION FUNDS BOYCOTT IRAN

Less Moolah for the Mullahs (WSJ-BOTW)
Gov. Arnold Schwarzenegger yesterday signed legislation mandating that CalSTRS and CalPERS, the pension funds for California teachers and other government employees, respectively, divest themselves of foreign companies that do business in Iran. Back in May we interviewed Benjamin Netanyahu, a former prime minister of Israel, who argued that such disinvestment could help topple the Islamic revolutionary regime in Tehran. Since then, Florida as well as California has passed a divestment bill, so Netanyahu's idea is about to get a real test.