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.
Last month in this space we noted that the New York State Assembly was considering legislation 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 upon by the state to determine whether the company is solvent and able to pay claims. That bill has since passed the Assembly, but the New York State Senate is balking at passing it as well.
As we reported, the bill’s lead sponsor, Assembly Speaker Sheldon Silver, in explaining the rationale of the bill, 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.”
Passage of the bill is a no-brainer for anyone interested in furthering the interests of New Yorkers and Americans generally. The Senate should reconsider and quickly get on board. The legislature adjourns in a few days, so time is short.
More on this next week.
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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
The fact that the United States government after World War II sought to take advantage of the expertise of German scientists, even those known to have contributed to the Nazi war effort, is well known and largely accepted as having been necessary for America’s national defense. (Wernher von Braun is perhaps the most famous and […]
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