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NYC Mayor’s Office Accuses Comptroller of Aiding BDS With ‘Withdrawal’ of Millions From Israel Bonds
New York City Mayor Eric Adams attends an “October 7: One Year Later” commemoration to mark the anniversary of the Hamas-led attack in Israel at the Summer Stage in Central Park on October 7, 2024, in New York City. Photo: Ron Adar/ SOPA Images via Reuters Connect
The office of New York City Mayor Eric Adams has accused Comptroller Brad Lander of pushing a political agenda and advancing the anti-Israel boycott, divestment, and sanctions (BDS) movement by withdrawing tens of millions of dollars in city pension funds from bonds issued by the Jewish state.
In a letter to Lander dated July 10 and first shared with the media on Sunday, First Deputy Mayor Randy Mastro demanded a full accounting of the comptroller’s decision-making regarding the investments in Israel Bonds.
New York City’s holdings in Israel-issued bonds have plunged from “tens of millions of dollars” to just $1.2 million in the Police Pension Fund during Lander’s tenure, reversing a longstanding pattern of reinvestment stretching back to 1974, according to the letter.
Lander subsequently confirmed to The Forward that city pension funds currently hold no investments in Israel Bonds, noting the purchase by the Police Pension Fund was made by a fund manager but has since been sold.
Mastro wrote that Lander’s decisions “appears to be in furtherance of [the] BDS campaign, regardless of the adverse financial consequences for city pensioner.”
The BDS movement seeks to isolate Israel on the international stage as the first step toward its elimination. Leaders of the movement have repeatedly stated their goal is to destroy the world’s only Jewish state.
City records show that Israel Bonds, historically yielding approximately 5 percent annually, outperformed many alternatives, and critics such as Mastro have argued the abrupt exit is financially irresponsible.
Meanwhile, Adams has promoted his own pro-Israel push, noting last month’s formation of the inaugural New York City–Israel Economic Council aimed at boosting trade and innovation with the Jewish state. In a press event, Adams repudiated Lander, saying that the comptroller “was elected to safeguard New York City’s financial future, yet he continues to pander to the antisemitic BDS movement at the expense of taxpayer dollars and our city’s best interests. New Yorkers deserve to know why.”
Lander’s office swiftly defended the move, describing it as consistent with a longstanding policy to avoid foreign sovereign debt, rather than a targeted divestment linked to Israel.
“Lander has never divested,” a spokesperson for Lander said in March, noting at the time that the city continued to hold over $400 million in investments in Israeli companies.
As of May, Lander said city pension funds still held more than $315 million in Israel-based assets, mostly in common stock and some in Israeli real estate investment trusts.
Lander, who is Jewish, claimed that his predecessors made “politically motivated choices” to treat Israel in a more “favorable way” than other countries.
“As a Jew, I am proud that we have these investments in Israel,” Lander told The Forward. “But I’m not allowed to make investments for that reason. They have to make financial sense to be consistent with our policies and my fiduciary duty.”
A representative for the comptroller told the New York Post that Mastro’s accusations are a “cynical effort by the Adams administration to weaponize antisemitism against the highest ranking Jewish elected official in New York City government.”
The battle has reverberated across New York City’s political landscape, tapping into deep divisions over foreign policy, fiscal stewardship, and community allegiance. Adams, running as an independent for reelection this fall, is courting Jewish constituents and warning Lander’s withdrawal of bonds signals “pandering” to anti-Israel sentiment.
Lander stoked outrage among the Big Apple’s Jewish community when he recently aligned with Zohran Mamdani, a progressive firebrand who backs the BDS movement and is running for mayor. Lander’s support for the anti-Israel politician has raised scrutiny regarding his motives in ending investments into Israeli bonds. Zionist advocacy groups and pension experts are demanding transparency, questioning whether the city actually missed out on returns typically delivered by Israel Bonds.
Although Lander has repeatedly affirmed his belief in Israel’s “right to exist,” he has suggested that controversial slogans such as “globalize the intifada” might not be inherently supportive of violence. He has also refused to defend Israel from accusations of committing “genocide” in Gaza, saying that he believes the word is offensive to the Jewish community because it evokes memories of the Holocaust.
Mastro’s letter sets a July 17 deadline for full documentation of Lander’s policy concerning Israel Bonds.
The post NYC Mayor’s Office Accuses Comptroller of Aiding BDS With ‘Withdrawal’ of Millions From Israel Bonds first appeared on Algemeiner.com.
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Iran Says Eight Arrested for Suspected Links to Israel’s Mossad Spy Agency
The Mossad recruitment ad. Photo: Screenshot.
Iran’s Revolutionary Guards said on Saturday they had arrested eight people suspected of trying to transmit the coordinates of sensitive sites and details about senior military figures to Israel’s Mossad, Iranian state media reported.
They are accused of having provided the information to the Mossad spy agency during Israel’s air war on Iran in June, when it attacked Iranian nuclear facilities and killed top military commanders as well as civilians in the worst blow to the Islamic Republic since the 1980s war with Iraq.
Iran retaliated with barrages of missiles on Israeli military sites, infrastructure and cities. The United States entered the war on June 22 with strikes on Iranian nuclear facilities.
A Guards statement alleged that the suspects had received specialized training from Mossad via online platforms. It said they were apprehended in northeastern Iran before carrying out their plans, and that materials for making launchers, bombs, explosives and booby traps had been seized.
State media reported earlier this month that Iranian police had arrested as many as 21,000 “suspects” during the 12-day war with Israel, though they did not say what these people had been suspected of doing.
Security forces conducted a campaign of widespread arrests and also stepped up their street presence during the brief war that ended in a US-brokered ceasefire.
Iran has executed at least eight people in recent months, including nuclear scientist Rouzbeh Vadi, hanged on August 9 for passing information to Israel about another scientist killed in Israeli airstrikes.
Human rights groups say Iran uses espionage charges and fast-tracked executions as tools for broader political repression.
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Body of Idan Shtivi, Murdered on Oct. 7, Retrieved from Gaza in Special IDF Operation
Idan Shtivi. Photo: Courtesy of the family
i24 News – The body of Idan Shtivi, a 28-year-old murdered by Palestinian jihadists at the Nova music festival on October 7, 2023, was recovered in a joint operation by the IDF and Shin Bet in central Gaza, it was cleared for publication on Saturday.
Shtivi’s remains were returned to Israel alongside the body of Ilan Weiss, another hostage killed during the October 7 massacre.
“Idan Shtivi was abducted from the Tel Gama area and brutally murdered by Hamas terrorists after acting to rescue and evacuate others from the Nova music festival on October 7th, 2023. He was 28 years old at the time of his death,” read an IDF press release.
“Following an identification process conducted at the National Center for Forensic Medicine, along with the Israel Police and the Military Rabbinate, the Hostages and Missing Persons Headquarters notified his family.”
Prime Minister Benjamin Netanyahu said Shviti “was a gifted student of sustainability and governance, and a courageous individual” who acted heroically on October 7, helping others flee.
“He was killed in the process and his body was abducted to Gaza by Hamas. My wife and I send our heartfelt condolences to the Shtivi family. So far, 207 hostages have been returned, 148 of them alive. We will continue to act tirelessly and decisively to bring back all our hostages—living and deceased.”
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Woman Stabbed at Ottawa Grocery Store in Latest Antisemitic Attack
A social media post by the alleged attacker, Joseph Rooke of Cornwall, Ontario. Photo: Screenshot via i24
i24 News – The stabbing of a Jewish woman at an Ottawa grocery by a man with a long history of antisemitic posts on social media, the latest antisemitic hate crime in Canada, sparked outrage and prompted condemnation from officials including the prime minister.
Both the victim and the attacker are in their 70s. The woman is reportedly in serious condition.
The suspect was identified as Joseph Rooke, who has authored a series of lengthy rambling screeds on social media, ranting against Israel and Jews.
“Judaism is the world’s oldest cult,” he writes in one post, going on to say “over time jews have become insidious in governments, businesses, media conglomerates, and educational institutions in order to do what they do better than anyone else. Jews are the world’s masters of propaganda, gaslighting, demonization, demagoguery, and outright lying. Using their collective wealth they have become masters of reprisal.”
“I am under no obligation whatsoever, legal, moral, or otherwise, to like jews and I do not. If that means I meet the jewish definition of an anti-semite, so be it.”
Canada has seen a steep spike in antisemitic attacks over the past two years, including a recent incident in Montreal where a Hasidic Jew was beaten in front on his children.
After Prime Minister Mark Carney condemned the incident, many, including former Israel’s ambassador the US Michael Oren, pointed out that Carney’s rhetoric and policies contribute to the increasing insecurity of Canada’s Jewish community through uncritical embrace of outrageous and easily disprovable allegations that Israel and its supporters were guilty of the worst crimes against humanity.