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While acknowledging that the product is dangerous and expensive to society, Slaton said, lifting the ban would have provided the best chance of meeting our goals and providing retirement security to members of CalPERS. Before the vote, however, board member and California Treasurer John Chiang wrote in a letter to his fellow board members that investing in tobacco-related securities is a bad economic decision for CalPERS beneficiaries, for the state in general and for the world as a whole, whether we invest directly or through others. For more business news, follow James F
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Between rounds, he watched his beloved Arizona Wildcats from courtside seats and traveled east to babysit his six grandkids
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