To mark IDC Herzliya’s 20th anniversary, we spent a day following Prof. Uriel Reichman, IDC’s founder and president, and Jonathan Davis, VP for External Relations, around its delightful campus.
As the controversies besetting the Obama administration continue to grow in number and intensity, the prospect that President Obama would seriously consider military action against Iran, should that country continue its drive to become a nuclear power, becomes more and more remote. So we welcome the current enhancement of sanctions against Iran on the federal and New York State levels.
It is true that governments in the past have resorted to war as a device to rally public support. But we sense this is not this president’s preferred course of action, nor is the threat to his office all that manifest.
In addition, if one accepts the prevailing wisdom that the Western powers are hesitant to oust Syria’s President Assad because of their experience in driving Libya’s Khaddafi from power – an effort that unleashed jihadism and sectarian violence and created even greater instability – one would have to believe there is an even greater reluctance to resort to military force with Iran.
Two weeks ago a bipartisan group of U.S. senators introduced legislation that would deny the Iranian government access to its foreign exchange reserves located in the banks of other countries (estimated to be worth approximately $100 billion). The legislation would impose severe penalties on any foreign financial institution that conducts foreign exchange transactions on behalf of Iran. The bill’s lead sponsors, Senator Mark Steven Kirk, an Illinois Republican, and Senator Joe Manchin III, a West Virginia Democrat, said in a joint statement that their legislation, the Iran Sanctions Loophole Elimination Act, would address the problem of Iran being able to tap into its foreign reserves and thereby mitigate the effects of the sanction regime already in place.
In New York, a bill was recently introduced that would prohibit domestic insurers from including on their financial statements investments in companies that engage in investment activities in Iran. These financial statements are relied on by the state to determine whether the company is solvent and able to pay claims. The bill’s lead sponsor, Assembly Speaker Sheldon Silver, said that while he “hope[s] this legislation further encourages divestment in Iran, it is my primary purpose to protect policyholders by making certain that the investments of our domestic insurers are financially sound…. Investments in a nation as volatile as Iran…should never be considered a sound investment.”
Of course, the prospect of military action is what most concerns the mullahs in Tehran and we can only hope Mr. Obama won’t alleviate their worry about just such a prospect. But President Ahmadinejad can read the newspapers just like everyone else.
About the Author:
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
Creativity without clarity is not sufficient for writing. I am eternally thankful to Hashem for his gift to me.
Golden presents a compelling saga of poor but determined immigrants who fled pogroms and harsh conditions in their homelands for a better life in a land of opportunity.
Too many self-styled civil rights activists seemed determined to force, by their relentless pressure, an indictment regardless of what an investigation might turn up.
Egypt’s al-Sisi is in an expansionist mood. He wants Israel’s permission to take over Judea and Samaria.
Cries of justice for Michael Brown drowned out any call for justice for Police Officer Daryl Wilson.
Cloistered captain Obama, touts his talents and has the temerity to taunt Bibi,his besieged ally
Former PM Ariel Sharon succinctly said, “the fate of Netzarim (Gush Katif) is the fate of Tel-Aviv.”
Unrest in YESHA and J’m helps Abbas and Abdullah defuse anger, gain politically and appear moderates
A “Shliach” means to do acts with complete devotion and dedication in order to help bring Moshiach.
The pogroms in Chevron took place eighty five years ago, in 1929; the Holocaust began seventy-five years ago in 1939; the joint attack of Israel’s neighbors against the Jewish State of Israel happened sixty-six years ago… yet, world history of anti-Semitism did not stop there, but continues until today. Yes, the primitive reality of Jews […]
“We don’t just care for the children; we make sure they have the best quality of life.”
It seems to us that while the Jewish entitlement to the land of Israel transcends the Holocaust, the Jewish experience during that tragic time is the most solid of foundations for these “national rights.”
Last year the Obama administration sought to minimize civilian deaths from drone strikes by generally requiring that missile attacks be limited to instances where Americans were directly threatened and there was a “near certainty” that no civilians would be killed.
If anything, Operation Protective Edge showed that Israel will not pull punches when it comes to combating terror.
Toward the end of Operation Protective Edge this past summer, the president was unusually vocal about Israel’s so-called disproportionate use of force and alleged lack of compliance with international humanitarian law.
There was no accompanying caption, but the cartoon could not help but feed the anti-Semitic canard that Israel was responsible for 9/11.
An accomplished Torah scholar and ardent adherent of Bobov chassidus, he was renowned for his self-effacing dedication and skills as an international lawyer and law professor
Printed from: http://www.jewishpress.com/indepth/editorial/iran-a-welcome-burst-of-sanctions/2013/05/22/
Scan this QR code to visit this page online: