web analytics
February 27, 2015 / 8 Adar , 5775
At a Glance
News & Views
Sponsored Post


Ohio purchases $42 Million in Israel Bonds

By: JTA

The state of Ohio has purchased $42 million in Israel Bonds, increasing the total amount of Israel Bonds in the state’s treasury portfolio to more than $80 million.

The March 1 purchase is the largest single government purchase of Israel Bonds in United States history, according to the Cleveland Jewish News.

“We believe this is a sound investment for the taxpayers of Ohio and consistent with our strategy of investing in safe and strong securities,” Ohio State Treasurer Josh Mandel, who is Jewish, told the Cleveland Jewish News.

The Ohio Revised Code was amended in 1993 to allow the state to invest in foreign bonds, according to the newspaper. In 2010, the Ohio Legislature passed Senate Bill 181, which allows the state treasury to increase debt earnings in foreign nations from one-half of 1 percent to 1 percent of the state’s portfolio, the Cleveland Jewish News reported.

The previous highest single purchase of Israel Bonds in U.S. history was $25 million, made by several states, Thomas Lockshin, executive director for Israel Bonds in Ohio and Kentucky, told the Cleveland Jewish News.

In November, Mandel lost his bid to unseat incumbent U.S. Sen. Sherrod Brown, D-Avon.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Ohio purchases $42 Million in Israel Bonds”

  1. Samuel Ramos says:

    Why not, it’s a good investment. :-)

  2. John Keytack says:

    Why would anyone buy Israel Bonds any more? They are not the investment they used to be. They pay too little interest and take too long to mature.

Comments are closed.

Current Top Story
Said Arikat, al-Quds Washington, D.C. reporter. Jan. 29, 2015
Said Says (Falsely): ‘Israel flooding Gaza with Waste Water’
Latest News Stories
Underground tunnel found near the Egyptian border. Archive photo.

Learning lessons from Protective Edge, Israel is building an underground training field, and will train special units in tunnel warfare.

Israel Nature and Parks Authority Director-General Saul Goldstein at the inauguration of the new Israel Bike Trail's southern segment this week.

The unique desert landscape that covers large parts of Israel allow for its positioning as a leading destination for cyclists, with a comfortable climate year-round and spectacular desert scenery.

Said Arikat, al-Quds Washington, D.C. reporter. Jan. 29, 2015

Once again al Quds’ Said Arikat used the State Dept. Briefing room to slander Israel with false “facts.”

President Barack Obama.

“If no one is infallible, how is it possible that Netanyahu in his opposition to a potential Iran deal is wrong and you guys are all right?”

US Intelligence Chief Says ISIS ‘low priority’ for Turkey.

Thousands of ultra orthodox Jews attend the wedding of the granddaughter of the rabbi of the ultra orthodox Jewish Kretchnif dynasty in Kiryat Tsanz, Netanya.

Kerry not only is evading Netanyahu but also is trying to upstage him.

House Speaker John Boehner asserts next week’s speech to Congress by Israeli PM Netanyahu won’t hurt US-Israel relations.

Jordan and Israel signed an historic agreement Thursday to implement the Red Sea-Dead Sea rescue pipeline project.

National Security Adviser Susan Rice and US Ambassador to the UN Samantha Power will represent the Obama administration at AIPAC next week.

A NYC jury has convicted Al Qaeda’s ‘minister of communications’ on charges connected to the 1998 bombing of a US embassy in East Africa.

Netanyahu to meet with bipartisan congressional leadership before he addresses the joint session of Congress on March 3.

Jihadi John, the British beheader in Daesh-land (Islamic State) has been tentatively identified as Mohammed Emwazi, a Brit, born in Kuwait, who grew up in West London and has a degree in computer programming. His former friends who have identified him, and are positive its him.

An Arab tried to stab an IDF soldier at the Gush Etzion junction on Thursday evening.

“It is a development that I did not expect five years ago and that’s a bit shocking.”

More Articles from JTA

More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]

New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]

“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.

The Nazis nearly destroyed the 17th synagogue.

Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.

Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]

A fundraising campaign started quietly by two first graders two years ago to help find a cure for a rare genetic disease just passed the $1 million mark.

Printed from: http://www.jewishpress.com/news/breaking-news/ohio-purchases-42-million-in-israel-bonds/2013/03/07/

Scan this QR code to visit this page online: