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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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Latvia, July 4, 1941 they forced many Jews in the shul putting it on fire; everyone was burned alive
There’s blood on the reporters’ hands AND New Israel Fund for funding groups feeding lies to the UN
Respect & appreciation for our country is not only a civic value but an essential Jewish one as well
Israel, like the non-radical Islamic world. will be happy see the ISIS beheaded for once.
Kids shouldn’t have “uninstructed” Internet access, better to train them how to use it responsibly
What if years from now, IS were to control substantial territory? What world havoc would that wreak?
Rambam writes the verse’s double term refers to 2 messiahs: first King David; 2nd the final Mashiach
The Gaza flotilla has been rightfully and legally blocked by Israel’s Navy, with greetings from Bibi
The president described the attack as “an act that drew on a long history of bombs and arson and shots fired at churches, not random, but as a means of control, a way to terrorize and oppress…”
“The only [candidate] that’s going to give real support to Israel is me,” said the 69-year-old Trump.
And whereas at the outset the plan was that Iran would have to surrender most of its centrifuges, it will now be able to retain several thousand.
Now oil independent, US no longer needs its former strategic alliances with Gulf States-or Israel
Can adoption agencies limit the placement of children to heterosexual couples only?
It wasn’t too long ago that Mr. Erdogan, in his determination to burnish Turkey’s credentials as an Islamist state at the cost of the secularism that had brought much economic and political success to Turkey, upended his country’s decades-long cooperative relationship with Israel.
Does the pope really believe that Father Dehon’s destructive anti-Jewish calumnies do not disqualify him from the highest honor of the Catholic Church because in his time everyone did it?
There was something else of great importance in play – something we would have liked to see him take into account before deciding to stand with the boycotters.
“Let’s get something straight so we don’t kid each other…[the Iranians] already have paved a path to a bomb’s worth of material,” said Mr. Biden. “Iran could get there now if they walked away in two to three months without a deal.”
Beyond the particulars of this tragic death, however, we should all be concerned about the possibility that a criminal prosecution in a major American city is being driven by fear of mobs in the street.
Printed from: http://www.jewishpress.com/indepth/editorial/ny-state-senate-should-pass-the-iranian-disinvestment-bill/2013/06/19/
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