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davidhaslanded

(39 posts)
Thu Apr 11, 2013, 01:16 AM Apr 2013

TIAA-CREF Proposal to Boycott Israeli Firms Illegal, Says Activist Group

A TIAA-CREF member proposal to divest from Israeli holdings would violate New York and federal law, according to a legal and civil rights organization.

(April 10, 2013) - Asset manager TIAA-CREF has become the latest battleground in the Palestine-Israel conflict.

In February, members of the Palestinian-led Boycott, Divestment and Sanctions (BDS) movement submitted a proposal to TIAA-CREF calling for divestment from companies that it claims profit from Israeli settlements in Gaza and the West Bank. These firms include multinationals such as Caterpillar, Motorola, Veolia Transportation, and Northrop Grumman, among others. The divestment campaign also has an online petition with over 24,000 signatures supporting the proposed boycott.

Now, a Tel Aviv-based advocacy organization has joined the fray. The director of the Israel Law Center (Shurat HaDin), which litigates on behalf of Israeli interests, sent a letter today to TIAA-CREF, expressing "grave concern about an extreme anti-Israel resolution," and urging the pension giant not to present it at its shareholder meeting.

[link:http://www.ai-cio.com/channel/NEWSMAKERS/TIAA-CREF_Proposal_to_Boycott_Israeli_Firms_Illegal,_Says_Activist_Group.html|

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azurnoir

(45,850 posts)
1. TIAA-CREF Teachers Insurance and Annuity Association – College Retirement Equities Fund
Thu Apr 11, 2013, 02:03 AM
Apr 2013

and Shurat HaDin is threatening them- what a class act
so how many of these law suits that this organization seems bent on clogging the American court systems with have been resolved and how?

pelsar

(12,283 posts)
2. its called lawfair...
Thu Apr 11, 2013, 02:10 AM
Apr 2013

whats wrong with using the courts for "justice"....isn't that the goal around here....justice for all?

i thought the courts were supposed to decide what is legal and not legal....

azurnoir

(45,850 posts)
3. oh it's about justice okay we'll how 'about justice' it is if
Thu Apr 11, 2013, 02:13 AM
Apr 2013

the Palestinians bring Israel to the ICC/ICJ
and lwfare is one word for it

pelsar

(12,283 posts)
4. why not?
Thu Apr 11, 2013, 02:26 AM
Apr 2013

hasnt that already been threatened?

and then israel will do the same to the Palestinians and their friends/supporters.....fair is fair.
____

if one is going run around and claim "illegal settlements, war crimes etc (all without any real court case to establish anything, then i would think your all for using the courts to prove everybodies case.

its been well established here that the goal is "justice" more than anything else.....that means lawyers and nasty letters and lawsuits.

i would think you would be for it

 

Scootaloo

(25,699 posts)
6. Why not the UK?
Thu Apr 11, 2013, 04:13 AM
Apr 2013

Here's why: Fraser v. University and College Union

And it's spelled lawfare dammit.

delrem

(9,688 posts)
17. Yes, that was an interesting case.
Sat Apr 13, 2013, 12:37 AM
Apr 2013

I actually read the thing right through. Not in one gulp! Kept it open and kept glancing over at it - until it got quite interesting as the judge starting laying out her/his reasonings on each issue point by point, then laying down judgments.

It was quite clear at the end who the judge thought was harassing whom over the approx. 8 years of legal threats leading to the case.

I wanted to see how the judge went about hearing and deciding the issues. The claimant's charges boiled down to the identical complaints of antisemitism we see here in I/P - even some of the same arguments. Which I think tells something of the case brought against BDS generally - that complaints against it rarely focus on trying to refute the actual grounds for BDS, claims of systematic institutional discrimination which when spelled out describe apartheid-like conditions. Rather, the attacks are on the persons of those who organize or support BDS, claims that these persons are racist. Thus e.g. the claimant in this case complains that the members of the U&C Union's action in bringing up the motion, and the motion being heard, contradicts the EU working definition of antisemitism, which when given an extremely broad interpretation implies that anyone who criticizes Israel's discriminatory laws and actions, is by that very action engaged and promoting antisemitism, discriminating against and harassing Jews for being Jewish. It's interesting how the U&C Union members, the lawyers for the Union, and the Judge hearing the case, handled that one.
++++++++++++

This is an interesting OP. I also notice that the US makes the anti-BDS case easy since the US introduced laws specifically to protect Israel from boycott actions.

Annie Robbins at mondoweiss explains how CREF trustees and officials themselves thwart their members' wishes.
http://mondoweiss.net/2013/04/tiaa-cref-asks-feds-for-ok-to-dodge-israeli-divestment-vote-at-annual-meeting.html
But then CREF removed Caterpillar (a BDS target) from its social choice funds, getting rid of $72 million in shares.
http://mondoweiss.net/2012/06/bds-victory-tiaa-cref-drops-caterpillar-from-social-choice-funds.html

But I'd be very interested in following a (BDS) case that challenged these US anti-boycott laws. On the very face of it the laws don't smell right. I can easily understand any state/gov't introducing laws requiring observation of state sanctions against targets, e.g. against doing business with Iran. But I can't understand the legal underpinning for laws that protect targets from boycotts. If the members of a certain financial trust, who united their financial holdings out of recognition of their common purpose whatever that might be, decide that investments (which in their nature thrive on mutual profitability) with some companies *don't* serve their general purpose while investments with other companies do, then how can the US justify outlawing the outcome of those investment decisions?

In Canada we have a lot of community trusts. People invest in them *just because* they have "ethical investment plans", which are plans that advertise that they explicitly boycott investments in enterprises which the members deem to be inconsistent with the way the world ought to be. Examples: clear cut logging, the Alberta tar sands, South Africa in the apartheid years, certain kinds of military activity, and the list goes on according as the members decide. The millions of people who invest in those trusts do so because they receive a certain satisfaction, one being profit, one being an understanding that they've done something, however passive, to slow degradation to the environment or whatever, and another being that such trusts commonly do invest in forward looking, progressive endeavors. IMO the gov't has no right to interfere in such business, disallowing decisions that it deems "in the national interests", as e.g. one can imagine the Harper gov't *wanting* to do w.r.t. the tar sands. Harper wouldn't dare!
++++++++++

oops, SORRY! I go on and on. It's my greatest stupidity, as one friend told me.

pelsar

(12,283 posts)
12. its war as far as i'm concerned
Thu Apr 11, 2013, 06:16 AM
Apr 2013

just via the courts.....hence, the outcome is very relevant, and has little to do with justice, but thats from my point of view.

I would expect those who are always talking about laws, and illegal this and illegal that and have told me time and time again thats its not political.....(these "laws" and their "rulings?&quot

....that you would all be glad to see that finally the courts are involved..after all 'is not justice blind?...or are the courts and the application of the laws now all of a sudden "political"..which is what i've been claiming all along....

delrem

(9,688 posts)
8. Think how long it took USA to remove Mandela from its "terrorist" list.
Thu Apr 11, 2013, 04:24 AM
Apr 2013

Contrary to what Americans might think about themselves, no, they aren't the living light of "freedom and democracy" that the world has to wait for. Whatever happens here, BDS will go forward. Full stop.

King_David

(14,851 posts)
13. "Contrary to what Americans might think about themselves"
Thu Apr 11, 2013, 08:26 AM
Apr 2013

I bet your Canadian ?

Canada and especially Ontario inches toward unification every day with us Americans .

A peaceful one state solution that I'm all for.

Once Quebec finally separates Ontario will run into our arms... Can't wait.

A true model for the one state solution .

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