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New York pension fund may invest in Israel despite Gaza genocide, defying Mamdani (www.middleeasteye.net)

submitted 2 months ago* (last edited 2 months ago) by geneva_convenience@lemmy.ml to c/progressivepolitics@lemmy.world

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New York City’s pension funds could resume investing in Israeli government bonds, a move that would funnel public money directly into Israel’s treasury despite the ongoing genocide in Gaza and its apartheid system in the occupied West Bank.

“The Israel bonds have performed very well and they continue to be investment grade rated,” Mark Levine, New York City’s chief financial officer, told the FT. “My fiduciary responsibility is to make investment decisions based on that record of performance.”

Israeli government bonds function as direct loans to the state, providing steady interest payments to investors while channelling cash straight into government coffers.

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[–] Stern@lemmy.world 13 points 2 months ago (14 children)

He's been mayor since the first. Can't expect him to fix everything Adams left behind, along with all the other stuff on his agenda in two weeks.

[+] geneva_convenience@lemmy.ml -14 points 2 months ago* (last edited 2 months ago) (12 children)

NYC is the largest Zionist stronghold in the world outside of Israel he has massive power to affect that.

I don't care about Mamdani getting treats for NYC residents if he's going to allow NYC to continue supporting genocide. So far Mamdani has done nothing noteworthy except cancel a last-minute BDS resolution from Adams. And he condemned Hamas while allowing Zionist Synagogues to sell freshly cleansed Palestinian land to Jewish colonists.

[–] ApathyTree@lemmy.dbzer0.com 7 points 2 months ago (4 children)

So when you get a new job you go in within the first two weeks and make huge changes that impact everyone served by the company, without fully understanding the systems you are working with? That’s what you are asking for here.

Cuz he’s in transition. Training. Learning his job and how to do it. And running an entire city probably takes a bit more transition than some dumb corpo job where you can slot into many similar jobs.

[+] geneva_convenience@lemmy.ml -14 points 2 months ago (1 children)

Before election: "He's going to go in and change the system!"

After election: "He's learning how he needs to be part of the system!"

[–] ApathyTree@lemmy.dbzer0.com 7 points 2 months ago (1 children)

Yeah heaven forbid someone wants to do things right instead of doing things like Trump. Do what you like and who cares what you fuck up along the way, right?

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