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Topic: Divestment


In the News (Fri 5 Dec 08)

  
  Divestment - Wikipedia, the free encyclopedia
In finance and economics, divestment or divestiture is the reduction of some kind of asset, for either financial or social goals.
A divestment is the opposite of an investment.
By divesting from certain sectors of the economy, and investing in others, such investors may intend to provide a market-based incentive for corporate social responsibility.
en.wikipedia.org /wiki/Divestment   (1395 words)

  
 CampusProgress.org | Divesting From Darfur
Divestment campaigns have a history of success, such as that against South Africa’s apartheid regime.
The idea behind divestment is simple: If enough states, universities and pension funds divest from these companies, share prices will drop, forcing complicit companies to stop doing business in Sudan in order to protect their own interests.
For similar reasons, divesting from Sudan is a critical part of efforts to ensure peace in Darfur, as the Sudanese government has shown that it will continue funding the genocide as long as it has the means to do so.
www.campusprogress.org /tools/808/divesting-from-darfur?type=printer   (1070 words)

  
 apartheid   (Site not responding. Last check: 2007-10-22)
The divestment campaign sent a strong message to the Apartheid regime, telling them that they had lost financial institutional support, along with the political and moral support of the international community.
The divestment in 1986 of the University of California Berkeley's $3 billion in stock holdings was particularly important because at that point it was the largest public institution to take a stand.
Divestment was a major contributor in bringing down the apartheid regime.
www.msu.edu /~divest/apartheid.html   (368 words)

  
 Divestment Watch - Frequently Asked Questions   (Site not responding. Last check: 2007-10-22)
Divestment is an agreement between two or more people to withdraw investment in a particular asset (such as selling stocks in a company or bonds in a state or national government), normally in protest of that institution's political, social or environmental activities.
Divestment is a form of boycott in which investments are specifically targeted.
Unlike other boycott activities, boycott and divestment campaigns targeting the state of Israel have been around for over seven decades and are part of a multi-pronged attack on one state with the goal of isolating it economically and politically.
www.divestmentwatch.com /faq.htm   (1270 words)

  
 SudanActivism.com - Divestment FAQ   (Site not responding. Last check: 2007-10-22)
Divestment is a measure of last-resort and shouldn’t be used frivolously.
The divestment campaign simply asks institutions to pass a resolution saying they will not investment in foreign companies who are ready to put profit over principle, even when it comes to genocide.
Divestment is also an effective way to send a message to European executives that there is a price to pay for partnering with a genocidal regime.
www.sudanactivism.com /divestment/faq.html   (1190 words)

  
 UC Divestment from Sudan - Position
Whether UC ascertains certain general principles for when divestment discussion is appropriate, the Taskforce overwhelmingly recognizes that the bar for divestment is (and should be) extremely high and that divestment in response to many social concerns would be clearly imprudent.
These divestments are the first of a growing national movement calling for institutional investors to use their power as shareholders to influence the outcomes in Darfur.
Divestment and the "Prudent Investor." The University of California owes a fiduciary duty to the donors and beneficiaries of its various endowment and pension funds.
www.inosphere.com /sudan/position.asp   (2591 words)

  
 Reference.com/Encyclopedia/Divestment
Divestment (divestiture) is a term in finance and economics.
In 2004, the Presbyterian USA church voted to selectively divest from companies with ties to the Israeli military in order to pressure Israel into ending the occupation of Palestinian land in the West Bank and Gaza.
Under such a philosophy, investors intentionally invest in companies whose policies they believe to be especially aligned with their own interests, such as in environmental protection.
www.reference.com /browse/wiki/Divestment   (355 words)

  
 UC DIVESTMENT CAMPAIGN   (Site not responding. Last check: 2007-10-22)
The campaign for divestment from Israel follows the precedent set by the anti-apartheid campaign of the 1980’s, when students, professors, and employees called for an end to university investment in South Africa.
In a comment to the International Herald Tribune, Tutu states that the current divestment effort is the first, though certainly not the only, necessary move toward the end of the occupation.
June 4, 2002 - UC Faculty and the Students for Justice in Palestine held a press conference to announce the launch of a UC-wide divestment campaign at The Faculty Club on the UC Berkeley Campus.
www.ucdivest.org   (653 words)

  
 Divestment roils Jewish-Presbyterian ties - Florida Jewish News   (Site not responding. Last check: 2007-10-22)
The Methodists decided to study their options; the United Church of Christ, also known as the Congregationalists, endorsed divestment but did not create a process to enact it; the Episcopalians considered but rejected divestment; and the Lutherans rejected a divestment resolution, and instead passed a resolution to invest in cooperative ventures between Israelis and Palestinians.
Roberts’ group argues that divestment is rooted in bias and flawed theology, and considers the divestment push a breach of the church’s principles of fairness and bottom-up governance.
Divestment is a last resort in a process that encourages corporations first to act more justly, McGarvey said.
floridajewishnews.com /articles/content/view/424/52   (2008 words)

  
 FrontPage magazine.com :: Divestment Fraud by David Meir-Levi
If the pension fund managers of the main line churches that are considering divestment were to sell all the shares of a company targeted for divestment because it does business in Israel, they would be selling some of the most valuable holdings in their portfolios.
What matters now is to be active in divestment whether or not it will work, because that's the way to lay the groundwork for getting the big lie accepted (without those pesky discussions of the basics), taken for granted, 20 years from now.
The whole divestment movement is not really an economic strategy at all, nor is it an issue of social justice, or even a moral issue.
www.frontpagemag.com /Articles/ReadArticle.asp?ID=18748   (2225 words)

  
 Genocide Intervention Network
Building on this momentum, the Sudan Divestment Task Force has developed a unique model of divestment that maximizes divestment’s impact on the government of Sudan while minimizing unintended harmful effects on innocent Sudanese citizens and on the health of institutional investments.
Divestment is a powerful tool, but it is a complicated one.
Individuals pursuing a divestment campaign must be mindful of these harms and ensure that the divestment campaign is doing more good than harm.
www.genocideintervention.net /advocate/divestment   (1737 words)

  
 Obies demand divestment
Three panelists spoke to a group of approximately 20 students regarding the fundamental issues of the Israeli/Palestinian conflict and why they believe widespread institutional divestment, including Oberlin’s potential contribution to this movement, is necessary.
Kate Raphael (OC ’80) was the first to speak, relating her experience as a student promoting South African divestment as an outcry against apartheid.
She stated that although the administration at the time was not receptive to protests regarding this issue, concerned students kept up the fight.
www.oberlin.edu /stupub/ocreview/2005/4/29/news/article4.html   (614 words)

  
 Israeli Divestment / Disinvestment Campaign (by Francis A. Boyle) - Media Monitors Network
During the course of a public lecture I gave at Illinois State University in Bloomington-Normal on 30 November 2000 at the request of Professor Jamal Nassar, Chair of their Political Science Department, I issued a call for the establishment of a nationwide campaign of divestment/disinvestment against Israel, which I later put on the internet.
Concerned citizens and governments all over the world must organize a comprehensive campaign of economic divestment and disinvestment from Israel along the same lines of what they did to the former criminal apartheid regime in South Africa.
This new divestment / disinvestment campaign should provide the Palestinians with enough economic and political leverage needed to negotiate a just and comprehensive peace settlement with the Israelis — just as it did for the Blacks in South Africa.
www.mediamonitors.net /francis16.html   (509 words)

  
 Mainline churches move to stop investment in Israel; will this affect Christian-Jewish relations? -- Beliefnet.com
They were outraged that divestment, a tactic utilized against apartheid South Africa, was now being advocated by a major American Protestant denomination as a means of pressuring the Jewish state.
The Presbyterians' resolution on divestment called the occupation "the root of evil acts committed against innocent people on both sides of the conflict." In addition, the largest mainline denominations--the United Methodist Church, Evangelical Lutheran Church in America, Presbyterian Church, and Episcopal Church-- have all criticized the security barrier Israel is building in the West Bank.
The United Methodist Church's General Board on Church and Society issued a statement October 17 calling on Israel to "withdraw from the occupied territories and to tear down the wall it is constructing," along with calling on Palestinians to end terrorism.
www.beliefnet.com /story/155/story_15507_1.html   (861 words)

  
 Truth In Love Network - Divestment   (Site not responding. Last check: 2007-10-22)
The recommendation is the result of the General Assembly’s honest and sincere effort to address the issues and concerns that appeared in the overtures in a comprehensive and concise document.
A representative of the Advisory Committee on Racial Ethnic Concerns addressed the committee, arguing that the Actions of 216th GA should be continued because they address the occupation as the main, though not the only cause of the conflict in the region, and because they promote peace and justice.
She went on to argue that pain is a challenge of belonging to a community of faith that often leads to deeper understanding and commitment.
blog.pcusaelders.org /index.php?cat=15   (2312 words)

  
 Israel Divestment Update   (Site not responding. Last check: 2007-10-22)
There has been a flurry of activity on the divestment front since the Presbyterian Church (USA) decided on July 2nd to begin investigating selective divestment from companies that benefit from Israel's occupation of the West bank and Gaza Strip.
The city of Somerville, Massachusetts, is contemplating divestment from Israel.
Under the resolution that was passed on to the city council's Legislative Committee on November 2nd, the city's pension fund would divest $1.2 million from "companies involved with Israel's human rights violations" and $250,000 from Israeli bonds.
www.palestinemonitor.org /new_web/israel_divestment_update.htm   (705 words)

  
 Power Line: Joel Mowbray reports
The leftist/Palestinian political push for divestment from Israel--in other words, to institute the campaign waged against apartheid South Africa in the 1980's--is on the verge of being dealt a severe body blow.
The 500+ plus voting members of the Presbyterian church overwhelmingly approved a measure "to initiate a process of phased, selective divestment in multinational corporations operating in Israel." Jewish and Christian leaders alike heaped scorn on Presbyterians, though Muslim and Arab groups were giddy.
Still, disavowing divestment as the explicit aim of the church represents a sea change from just two years ago.
powerlineblog.com /archives/014436.php   (607 words)

  
 Welcome to OSUdivest.org - The Ohio State University Divestment Campaign
It is unethical for the university to have investments in corporations with vested interests in continuing the conflict; a conflict which undermines the basic human rights of Israelis and Palestinians.
We are joining a rapidly growing number of universities and cities in a national movement of divestment, which works towards a larger goal of using political and economic influence to encourage a non-violent resolution to the conflict.
We, as members of the OSU community, urge the university to cease investment of our tuition and tax dollars in corporations that profit from the conflict, and ask that any other financial relationships with these corporations be terminated in a timely manner.
www.osudivest.org   (223 words)

  
 The Harvard Crimson :: News :: Faculty Question Defense Holdings
With the full Faculty scheduled to discuss the University’s response to the war with Iraq at their monthly meeting today, more than 20 Faculty members have signed a statement saying that Harvard’s sharing in the profits of defense contractors poses a moral dilemma that can no longer be ignored.
An official call for divestment must come from the Overseers and be passed on to the Harvard Management Corporation, the independent company that manages Harvard’s portfolio.
Bois also said that focusing on the call for discussion makes the most sense since colleagues have warned him that calling for divestment raises a host of political and economic issues of which he is ignorant.
www.thecrimson.com /article.aspx?ref=347437   (695 words)

  
 From churches, a challenge to Israeli policies | csmonitor.com
From discussions on the "theology of land" to the divestment issue, the religious leaders "spoke from their pain" and asked tough questions of one another, says the Rev. Shanta Premawardhana, NCC interfaith secretary.
Divestment decisions require approval by the church general assembly in 2006.
It proposes that, if divestment occurs, money from stock sales be reinvested in Israel in companies not tied to the occupation.
www.csmonitor.com /2004/1206/p11s02-lire.html?s=u   (1136 words)

  
 FrontPage magazine.com :: Anti-Israel Divestment Campaign Stalls by Mark D. Tooley
The Episcopalians and Lutherans have declined to endorse divestment.
.” A motion to delete the divestment measure from the overall resolution was defeated by a vote of 142-358.
Meanwhile, most Presbyterians were against the divestment action, according to a denominational poll, by a 3-2 margin.
www.frontpagemag.com /Articles/ReadArticle.asp?ID=22969   (793 words)

  
 Presbyterians Concerned for Christian Jewish Relations
Also, pro-divestment activists and some denominational officials are committed to pursuing divestment under cover of the MRTI committee as though the recent vote of the General Assembly had not happened.
For a draft "overture" that we are commending and circulating among the Presbyteries.
Instead of divestment, we propose selective investment of time, talent and financial resources in companies, not-for-profits, NGOs and diplomatic efforts that are likely to promote a just and lasting peace in the region.
www.pcjcr.org   (1461 words)

  
 The Christian Century
Reaction was swift and strong in both Israel and in the U.S., where pro-Israel Christians saw the divestment move as a threat to Israel's image.
Ateek was not the initiator of the divestment movement.
In October of this year, the Episcopal SRI committee reported back to the church's executive council with a document that is much milder than the resolution passed by the Presbyterians.
www.christiancentury.org /article.lasso?id=1476   (762 words)

  
 Regents approve Sudan divestment
The regents' decision represents a significant step beyond divestment actions taken by other colleges, UC officials said, because the university plans to shed both its direct and indirect holdings in the nine publicly traded firms.
The nine firms from which UC plans to divest are mainly based in China, Russia, India and Malaysia.
Divestment will not take place until the state enacts a law that would indemnify the individual UC regents, administrators and their asset managers from any claims arising from Thursday's decision.
www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2006/03/17/SUDAN.TMP   (1098 words)

  
 On campuses, critics of Israel fend off a label - Campus Watch
After his stinging speech, divestment was once again in the spotlight, as students and faculty debated yesterday whether it is possible to protest Israel without evoking the grim legacy of anti-Semitism.
The Israeli divestment idea was born two years ago in a speech by University of Illinois professor Francis A. Boyle, who says he hoped to influence Israeli policy in the same way the 1980s South African divestment campaign helped end apartheid.
To Boyle, the divestment issue is exactly the same in both instances, legally and morally.
www.campus-watch.org /article/id/136   (911 words)

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