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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In this particular case, the issue was whether the Arkansas prison system could prohibit, for security reasons, a devout Muslim’s maintaining a beard of a certain length as a matter of religious practice.
According to Natan Sharansky, director of the Jewish Agency for Israel, France was the largest source of Jewish emigration to Israel last year and he believes as many as 15,000 French Jews may make aliyah in 2015.
One wonders what connection that rejection has with turning to the ICC, which would allow the Palestinians to bring war-crime charges against individual Israelis and is certainly one more step away from seeking a negotiated settlement.
Thus, despite the increasingly serious problems for the mayor arising out of the current anti-police protests, Mr. de Blasio apparently will be cut no slack by those who seem to be aiming for a significant role in running the city from the streets and who will do whatever they can to prevent their momentum from ebbing.