90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Tuesday, December 18, 2012

Teacher Retirement System Invested In Gun Conglomerate

In this 2006 photo, a Bushmaster AR-15 semi-automatic rifle and ammunition is seen at the Seattle Police headquarters in Seattle. Authorities say the gunman in last week's school shooting in Newtown, Conn. also used a Bushmaster AR-15 rifle. (Ted S. Warren/AP)

In this 2006 photo, a Bushmaster AR-15 semi-automatic rifle and ammunition is seen at the Seattle Police headquarters in Seattle. Authorities say the gunman in last week’s school shooting in Newtown, Conn. also used a Bushmaster AR-15 rifle. (Ted S. Warren/AP)

In a statement on Tuesday, Cerberus Capital Management called the Newtown shooting a “watershed event” and announced it’s getting out of the gun business.

Cerberus owns the gun and ammunition manufacturer Freedom Group Inc. that makes the Bushmaster rifle – used by the Newtown shooter, Adam Lanza, to kill 20 children and six adults at Sandy Hook Elementary School last week.

Martin Feinberg, father of the CEO of Cerberus, lives in Newtown, Conn. He told Bloomberg News that Friday’s school shooting in Newtown, Conn. was “devastating.”

The move by Cerberus comes after it came out that funds from the California State Teachers’ Retirement System (CalSTRS) were invested in Cerberus’ gun conglomerate – apparently in violation of CalSTRS’ investment policies.

Fortune magazine senior editor Dan Primack wonders whether a foreign gun maker will buy Freedom Group.

Guest:


Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

October 30 3 Comments

How Athletes Are Getting ‘Faster, Higher, Stronger’

Mark McClusky says for elite athletes today, pushing boundaries and breaking records is all about "the aggregation of marginal gains."

October 30 12 Comments

A Computer Model Forecasts Ebola’s Future Path

With the virus in Africa, the U.S. and Europe, experts have created a computer model to predict where it could go next.

October 29 Comment

Reporter Crosses Into Syria To Tell Stories Of Fighters

Holly Williams of CBS discusses some of the people she's interviewed, including women soldiers on the frontlines.

October 29 9 Comments

How Far Have We Come Since The Financial Crisis?

Or are we already going backwards? We ask Michael Lewis, author of books including "Flash Boys" and "Liar's Poker."