Monday, November 29, 2004

Will Boston dump Israeli investments?

Somerville, a community abutting both Boston and Cambridge, could become the first US city to divest from Israel. According to those who track the issue, the city has already distinguished itself as the first place to formally consider a divestment resolution.

The measure stems from alleged Israeli human rights abuses and calls on Somerville's retirement board to rid the city's pension fund of $250,000 of Israel Bonds and other investments in American companies that "manufacture military equipment used in Israel's illegal military occupation," such as Caterpillar and Boeing.
  Jerusalem Post article

Read the article. Interesting. And yes, it's causing a stink.

No comments:

Post a Comment