There may be a new front opening up in the Islamofacism War:

Missouri State Treasurer Sarah Steelman may be far from the front lines in the war on terrorism but she’s on the cutting edge of efforts to fight it with the power of the U.S. dollar. The first woman elected as Missouri’s chief financial officer, Steelman is leading a campaign in the Show Me State and beyond to get state and local governments to stop investing publicly managed funds in companies that do business in countries believed to sponsor terrorism.

Sounds like a no-brainer policy, but if you read the whole story, there are legitimate questions about whether state and local government investment officers can effectively implement such a rule fairly and without imposing major costs on retirees and others to whom they owe a fiduciary responsibility.