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Yale University to Hold Student Referendum on Divestment From Israel
Graduates protest the conflict between Israel and the Palestinian Islamist terror group Hamas, during the commencement at Yale University, New Haven, Connecticut, US, May 20, 2024. Photo: REUTERS/Michelle McLoughlin
Yale University will soon hold a student referendum on the issue of divestment from Israel, an initiative spearheaded by a pro-Hamas group which calls itself the Sumud Coalition (SC).
According to the Yale Daily News, students will consider “three questions” which ask whether Yale should “disclose” its investments in armaments manufacturers — “including those arming Israel” — divest from such holdings, and spend money on “Palestinian scholars and students.”
The paper added that a path for the referendum was cleared when a petition SC circulated amassed some 1,500 signatures, or “roughly 22 percent of the student body.” Despite that over three-fourths of Yale students did not sign the petition, its proponents — including a representative of the Yale College Council (YCC), an ostensibly neutral body — have taken to describing it as “so popular.” The final vote could wind up being even less representative of the opinion of the student body, as it only has to be approved by “50 percent or more of respondents” who constitute “at least one third of the student body.” Should that happen, Sumud Coalition will claim victory and forward the results to Yale University president Maurie McInnis, with a note claiming that SC has received a mandate from the people.
Proponents of the referendum have openly stated that they are employing on its behalf arguments which conceal their intent to compromise Israel’s national security. The Yale Daily News noted in its report that YCC Senator and SC member Sovy Pham has said the group wrote the referendum questions so as to “reframe the public perception of the pro-Palestinian and pro-divestment movement on campus.”
Summarizing Pham’s comments, the paper continued, “The referendum would change the depiction of the issue from ‘Zionist vs. anti-Zionist,’ ‘Muslims & Arabs vs. Jews,’ and ‘Left vs. Right’ to Yale + New Haven communities vs. trustees and provost” in a way that portrayed the movement as ‘Big us, small them’ … In this way, the presenters claimed, the referendum would unify the campus and surrounding New Haven communities.”
Yale University’s Advisory Committee on Investor Responsibility (ACIR) has already ruled against divesting from armaments manufacturers, saying in April that “it does not believe that such activity meets the criteria for divestment” because “this manufacturing supports socially necessary uses, such as law enforcement and national security.” The decision set off a raging protest which resulted in the assault of a Jewish student and the arrest of some 47 students who had trespassed Beinecke Plaza, where they vowed to abstain from food unless the university acceded to their demands.
As police entered, a mass of students formed to chant, “Officer, officer, can’t you see? You’re on the wrong side of history” and other slogans comparing the officers, many of whom were Black or non-white, to the Ku Klux Klan (KKK). However, the officers ultimately cleared the protesters from the area by 8 am, forcing them to move their demonstration off-campus. Displeased that order had been restored, some students proceeded to verbally abuse the officers, calling them “useless pigs” and shouting “shame on you” at them.
Sumud Coalition’s renewed divestment campaign comes amid concerns that the anti-Zionist student movement is aimed at weakening the United States morally and militarily.
“The movement contains militant elements pushing it toward a wider, more severe campaign focused on property destruction and violence properly described as domestic terrorism,” researcher Ryan Mauro wrote in the recently published report, “Marching Toward Violence: The Domestic Anti-Israeli Protest Movement,” a project of the Capital Research Center (CRC). “It demands the ‘dismantlement’ of America’s ‘colonialist,’ ‘imperialist,’ or ‘capitalist,’ system, often calling for the US to be abolished as a country.”
The group that is most responsible for the anti-Israel protest movement is Students for Justice in Palestine (SJP), Mauro explained.
Drawing on statements issued and actions taken by SJP and their collaborators, Mauro made the case that toolkits published by SJP herald Hamas for perpetrating mass casualties of civilians; SJP has endorsed Iran’s attacks on Israel as well as its stated intention to overturn the US-led world order; and other groups under its umbrella have called on followers to “Bring the Intifada Home.” Such activities, the report explained, accelerated after Hamas’s massacre across southern Israel last Oct. 7, which pro-Hamas groups perceived as an inflection point in the Israeli-Palestinian conflict and an opportunity. By flooding the internet and college campuses with agitprop and staging activities — protests or vandalisms — they hoped to manufacture a critical mass of youth support for their ideas, thus creating an army of revolutionaries willing to adopt Hamas’s aims as their own.
Beyond ideological concerns, Yale could be harmed financially if it adopts elements of the boycott, divestment, and sanctions (BDS) movement, which seeks to isolate Israel from the international community as a step toward its eventual elimination. JLens, a Jewish investor network that is part of the Anti-Defamation League (ADL), published a report in September showing that colleges and universities will lose tens of billions of dollars collectively from their endowments if they capitulate to demands to divest from Israel and companies that do business with it.
Follow Dion J. Pierre @DionJPierre.
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Stanley Fischer, Former Fed Vice Chair and Bank of Israel Chief, Dies at 81
FILE PHOTO: Vice Chair of the U.S. Federal Reserve System Stanley Fischer arrives to hear Governor of the Bank of England Mark Carney delivering the Michel Camdessus Central Banking Lecture at the International Monetary Fund in Washington, U.S., September 18, 2017. Photo: REUTERS/Joshua Roberts/File Photo
Stanley Fischer, who helped shape modern economic theory during a career that included heading the Bank of Israel and serving as vice chair of the US Federal Reserve, has died at the age of 81.
The Bank of Israel said he died on Saturday night but did not give a cause of death. Fischer was born in Zambia and had dual US-Israeli citizenship.
As an academic at the Massachusetts Institute of Technology, Fischer trained many of the people who went on to be top central bankers, including former Federal Reserve Chairman Ben Bernanke as well as Mario Draghi, the former European Central Bank president.
Fischer served as chief economist at the World Bank, and first deputy managing director at the International Monetary Fund during the Asian financial crisis and was then vice chairman at Citigroup from 2002 to 2005.
During an eight-year stint as Israel’s central bank chief from 2005-2013, Fischer helped the country weather the 2008 global financial crisis with minimal economic damage, elevating Israel’s economy on the global stage, while creating a monetary policy committee to decide on interest rates like in other advanced economies.
He was vice chair of the Federal Reserve from 2014 to 2017 and served as a director at Bank Hapoalim in 2020 and 2021.
Current Bank of Israel Governor Amir Yaron praised Fischer’s contribution to the Bank of Israel and to advancing Israel’s economy as “truly significant.”
The soft-spoken Fischer – who played a role in Israel’s economic stabilization plan in 1985 during a period of hyperinflation – was chosen by then Finance Minister Benjamin Netanyahu and Prime Minister Ariel Sharon as central bank chief.
Netanyahu, now prime minister, called Fischer a “great Zionist” for leaving the United States and moving to Israel to take on the top job at Israel’s central bank.
“He was an outstanding economist. In the framework of his role as governor, he greatly contributed to the Israeli economy, especially to the return of stability during the global economic crisis,” Netanyahu said, adding that Stanley – as he was known in Israel – proudly represented Israel and its economy worldwide.
Israeli President Isaac Herzog also paid tribute.
“He played a huge role in strengthening Israel’s economy, its remarkable resilience, and its strong reputation around the world,” Herzog said. “He was a world-class professional, a man of integrity, with a heart of gold. A true lover of peace.”
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Saudi Arabia’s Foreign Minister Says Israel Blocking Ramallah Meeting Proof of ‘Extremism’
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan Al-Saud attends a news conference at the Arab Gulf Summit in Riyadh, Saudi Arabia, December 9, 2022. Photo: REUTERS/Ahmed Yosri
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Al-Saud said the Israeli government’s refusal to allow a delegation of Arab ministers to the West Bank showed its “extremism and rejection of peace.”
His statement came during a joint press conference in Amman with counterparts from Jordan, Egypt and Bahrain, after they met as part of an Arab contact group that was going to meet Palestinian President Mahmoud Abbas in Ramallah.
“Israel’s refusal of the committee’s visit to the West Bank embodies and confirms its extremism and refusal of any serious attempts for (a) peaceful pathway… It strengthens our will to double our diplomatic efforts within the international community to face this arrogance,” the Saudi minister said.
On Saturday, Israel said it would not allow a planned meeting on Sunday that would have included ministers from Jordan, Egypt, Saudi Arabia, Qatar and the United Arab Emirates, Palestinian Authority officials said.
Bin Farhan’s visit to the West Bank would have marked the first such visit by a top Saudi official in recent memory.
An Israeli official said the ministers intended to take part in a “provocative meeting” to discuss promoting the establishment of a Palestinian state.
Jordan’s Foreign Minister Ayman Safadi said blocking the trip was another example of how Israel was “killing any chance of a just and comprehensive” Arab-Israeli settlement.
An international conference, co-chaired by France and Saudi Arabia, is due to be held in New York on June 17-20 to discuss the issue of Palestinian statehood.
Egyptian Foreign Minister Badr Abdelatty said the conference would cover security arrangements after a ceasefire in Gaza and reconstruction plans to ensure Palestinians would remain on their land and foil any Israeli plans to evict them.
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Nonprofit Ship Sets Sail for Gaza After Drone Attack Setback
Police officers detain Swedish climate campaigner Greta Thunberg, during an Oily Money Out and Fossil Free London protest in London, Britain, October 17, 2023. Photo: Reuters/Toby Melville
International nonprofit organization Freedom Flotilla Coalition (FFC) said one of its vessels left the Italian port of Catania on Sunday, heading for Gaza to deliver humanitarian aid, after a previous attempt failed due to a drone attack on a separate ship in the Mediterranean.
The crew of volunteers, including climate activist Greta Thunberg and Irish actor Liam Cunningham, set sail on the Madleen, carrying barrels of what the group called “limited amounts, though symbolic,” of relief supplies.
Another vessel operated by the group, the Conscience, was hit by two drones just outside Maltese territorial waters in early May. FFC said Israel was to blame for the incident. Israel has not responded to requests for comment.
“We are doing this because no matter what odds we are against, we have to keep trying, because the moment we stop trying is when we lose our humanity,” Thunberg told reporters at a conference before the departure.
She added that “no matter how dangerous this mission is, it is nowhere near as dangerous as the silence of the entire world in the face of the lives being genocised”.
FFC said the trip “is not charity. This is a non-violent, direct action to challenge Israel’s illegal siege and escalating war crimes.”
The situation in Gaza is the worst since the war between Israel and Hamas terrorists began 19 months ago, the United Nations said on Friday, despite a resumption of limited aid deliveries in the Palestinian enclave.
Under growing global pressure, Israel ended an 11-week blockade on Gaza, allowing limited U.N.-led operations to resume.
On Monday, a new avenue for aid distribution was also launched – the Gaza Humanitarian Foundation – backed by the United States and Israel, but with which the U.N. and international aid groups have refused to work, saying it is not neutral and has a distribution model that forces the displacement of Palestinians.
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