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Tuesday, January 21, 2014

Schooling in the Ownership Society: Norway fund won't invest in Walmart because they breach 'human rights & labor rights'. Gates objects.

Schooling in the Ownership Society: Norway fund won't invest in Walmart because they breach 'human rights & labor rights'. Gates objects.:



Norway fund won't invest in Walmart because they breach 'human rights & labor rights'. Gates objects.

Report from Davos where the super-rich and powerful come to party and to strategize.
Norway has a population slightly larger than the state of South Carolina but its government-run wealth fund has $833 billion in assets, making it one of the largest investors in the world. It owns 1.25 percent of all the shares worldwide, 2.5 percent in Europe, and it has a unique ethical mandate. That sees it avoid companies such as Walmart, which Norway deemed to have breached "human rights and labour rights."

But Bill Gates wants to change all that. The world's richest man is pushing for a