Campaign urges U.S. public pension funds to divest from owner of Trump hotelWASHINGTON (Reuters) - Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump’s companies to run a New York hotel. Reuters reported on April 26 that public pension funds in at least seven U.S. states periodically send millions of dollars to an investment fund that owns the upscale Trump SoHo Hotel and Condominium in New York City and pays a Trump company to run it, according to a Reuters review of public records. Two legal advocacy groups sent petitions to half a million of their members and letters urging state officials who oversee the California Public Employees’ Retirement System (CalPERS) and the New York State Common Retirement Fund to reconsider their investments in CIM Fund III, which owns the Trump SoHo.  “The money used for this investment comes from mandatory deductions from the paychecks of public employees. These employees are thus forced to indirectly subsidize President Trump beyond the Constitution’s mandate of a fixed salary,” said the letters from Free Speech for People in Newton, Massachusetts, and Courage Campaign in Los Angeles. Article II of the U.S. Constitution bars the president from receiving additional payments beyond his salary from state governments. The fees that public pension funds pay CIM may fall into that category, several constitutional lawyers have told Reuters. The White House in June rejected the allegation that government payments to Trump’s businesses violated the Constitution and said “partisan politics” had motivated lawsuits challenging Trump’s continued ownership of his businesses. The advocacy groups urged the pension funds either to divest from the CIM fund or work with other investors to demand that CIM end its relationship with the Trump Organization. CalPERS declined to comment, but CalPERS officials disclosed in response to a public records request that the pension fund paid CIM $1,722,418 in management fees for the first three months of 2017. In a statement, a spokesman for New York State Comptroller Thomas DiNapoli noted that the CIM fund was in the process of gradually selling off the properties it owns and said the New York state pension fund “has limited rights as an investor and does not make or control CIM’s investment choices.”  CIM said in a statement that it “is committed to creating attractive investment opportunities for its investors and then overseeing those investments to produce the best outcomes possible for the funds it manages.” It added that the Trump SoHo was underperforming and said it was “working hard to restore its performance before we bring it to market.” The White House and the Trump Organization did not respond to multiple requests for comment.   Democratic officials and lawmakers have also raised concerns over the payment chain between the public pension funds and the Trump SoHo.  The public pension funds’ investments in CIM Fund III were cited in a June lawsuit that the attorneys general of Maryland and the District of Columbia filed against Trump, alleging that government payments to his businesses violated the Constitution. In May, the top Democrat on the Senate committee overseeing pensions asked the U.S. Office of Government Ethics to assess the constitutionality of the payments. The office said it was not authorized to probe presidential actions. politicsNews
campaign urges public pension funds divest owner trump hotelwashington reuters advocacy groups launched petitions sent letters wednesday urging two biggest public pension funds divest investment fund unless stops paying one president donald trump companies run new york hotel reuters reported april public pension funds least seven states periodically send millions dollars investment fund owns upscale trump solo hotel condominium new york city pays trump company run according reuters review public records two legal advocacy groups sent petitions half million members letters urging state officials oversee california public employees retirement system campers new york state common retirement fund reconsider investments cim fund iii owns trump solo the money used investment comes mandatory deductions paychecks public employees these employees thus forced indirectly subsidized president trump beyond constitution mandate fixed salary said letters free speech people newton massachusetts courage campaign los angeles article ii constitution bars president receiving additional payments beyond salary state governments the fees public pension funds pay cim may fall category several constitutional lawyers told reuters the white house june rejected allegation government payments trump businesses violated constitution said partisan politics motivated lawsuits challenging trump continued ownership businesses the advocacy groups urged pension funds either divest cim fund work investors demand cim end relationship trump organization campers declined comment campers officials disclosed response public records request pension fund paid cim management fees first three months in statement spokesman new york state comptroller thomas napoli noted cim fund process gradually selling properties owns said new york state pension fund limited rights investor make control cim investment cim said statement committed creating attractive investment opportunities investors overseeing investments produce best outcomes possible funds it added trump solo underperforming said working hard restore performance bring the white house trump organization respond multiple requests comment democratic officials lawmakers also raised concerns payment chain public pension funds trump solo the public pension funds investments cim fund iii cited june lawsuit attorneys general maryland district columbia filed trump alleging government payments businesses violated constitution in may top democrat senate committee overseeing pensions asked office government ethics assess constitutionality payments the office said authorized probe presidential actions politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Campaign urges U.S. public pension funds to divest from owner of Trump hotelWASHINGTON (Reuters) - Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump’s companies to run a New York hotel. Reuters reported on April 26 that public pension funds in at least seven U.S. states periodically send millions of dollars to an investment fund that owns the upscale Trump SoHo Hotel and Condominium in New York City and pays a Trump company to run it, according to a Reuters review of public records. Two legal advocacy groups sent petitions to half a million of their members and letters urging state officials who oversee the California Public Employees’ Retirement System (CalPERS) and the New York State Common Retirement Fund to reconsider their investments in CIM Fund III, which owns the Trump SoHo.  “The money used for this investment comes from mandatory deductions from the paychecks of public employees. These employees are thus forced to indirectly subsidize President Trump beyond the Constitution’s mandate of a fixed salary,” said the letters from Free Speech for People in Newton, Massachusetts, and Courage Campaign in Los Angeles. Article II of the U.S. Constitution bars the president from receiving additional payments beyond his salary from state governments. The fees that public pension funds pay CIM may fall into that category, several constitutional lawyers have told Reuters. The White House in June rejected the allegation that government payments to Trump’s businesses violated the Constitution and said “partisan politics” had motivated lawsuits challenging Trump’s continued ownership of his businesses. The advocacy groups urged the pension funds either to divest from the CIM fund or work with other investors to demand that CIM end its relationship with the Trump Organization. CalPERS declined to comment, but CalPERS officials disclosed in response to a public records request that the pension fund paid CIM $1,722,418 in management fees for the first three months of 2017. In a statement, a spokesman for New York State Comptroller Thomas DiNapoli noted that the CIM fund was in the process of gradually selling off the properties it owns and said the New York state pension fund “has limited rights as an investor and does not make or control CIM’s investment choices.”  CIM said in a statement that it “is committed to creating attractive investment opportunities for its investors and then overseeing those investments to produce the best outcomes possible for the funds it manages.” It added that the Trump SoHo was underperforming and said it was “working hard to restore its performance before we bring it to market.” The White House and the Trump Organization did not respond to multiple requests for comment.   Democratic officials and lawmakers have also raised concerns over the payment chain between the public pension funds and the Trump SoHo.  The public pension funds’ investments in CIM Fund III were cited in a June lawsuit that the attorneys general of Maryland and the District of Columbia filed against Trump, alleging that government payments to his businesses violated the Constitution. In May, the top Democrat on the Senate committee overseeing pensions asked the U.S. Office of Government Ethics to assess the constitutionality of the payments. The office said it was not authorized to probe presidential actions. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: campaign urges public pension funds divest owner trump hotelwashington reuters advocacy groups launched petitions sent letters wednesday urging two biggest public pension funds divest investment fund unless stops paying one president donald trump companies run new york hotel reuters reported april public pension funds least seven states periodically send millions dollars investment fund owns upscale trump solo hotel condominium new york city pays trump company run according reuters review public records two legal advocacy groups sent petitions half million members letters urging state officials oversee california public employees retirement system campers new york state common retirement fund reconsider investments cim fund iii owns trump solo the money used investment comes mandatory deductions paychecks public employees these employees thus forced indirectly subsidized president trump beyond constitution mandate fixed salary said letters free speech people newton massachusetts courage campaign los angeles article ii constitution bars president receiving additional payments beyond salary state governments the fees public pension funds pay cim may fall category several constitutional lawyers told reuters the white house june rejected allegation government payments trump businesses violated constitution said partisan politics motivated lawsuits challenging trump continued ownership businesses the advocacy groups urged pension funds either divest cim fund work investors demand cim end relationship trump organization campers declined comment campers officials disclosed response public records request pension fund paid cim management fees first three months in statement spokesman new york state comptroller thomas napoli noted cim fund process gradually selling properties owns said new york state pension fund limited rights investor make control cim investment cim said statement committed creating attractive investment opportunities investors overseeing investments produce best outcomes possible funds it added trump solo underperforming said working hard restore performance bring the white house trump organization respond multiple requests comment democratic officials lawmakers also raised concerns payment chain public pension funds trump solo the public pension funds investments cim fund iii cited june lawsuit attorneys general maryland district columbia filed trump alleging government payments businesses violated constitution in may top democrat senate committee overseeing pensions asked office government ethics assess constitutionality payments the office said authorized probe presidential actions politicsnews