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.
Truthfully I don’t know the governmental structure of New York well enough to answer you for certain. I know every city I’ve ever lived in that would be a vote by the city council.
As others have said it’s week 2 so let’s see what he brings to the floor when the city council starts meeting and voting. If he fails to bring it up then I’m willing to support you on this.
Until then please remember that NYC is not operated as a dictatorship with a mayor that has absolute power.
Whoops dodged the question by pretending not to know the answer. We can all see why.
Hey if you’re familiar enough to explain the NYC system and can show me for a fact that’s within the mayor’s powers I’ll listen. Just source your claim. We can specifically talk about the power to remove the chief of police to keep the scope narrow.
I’m willing to be reasonable
https://www.nbcnews.com/news/us-news/mamdani-keep-jessica-tisch-nypd-commissioner-rcna244769
Well that is properly fucked and disappointing