RSS
BDS Could Cost Universities Billions of Dollars, New ADL Report Says
Signs cover the fence at a pro-Palestinian encampment at Northwestern University in Evanston, Ill. on April 28, 2024. Photo: Max Herman via Reuters Connect.
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, according to a new report released on Thursday by JLens, a Jewish investor network that is part of the Anti-Defamation League (ADL).
Titled “The Impact of Israel Divestment on Equity Portfolios: Forecasting BDS’s Financial Toll on University Endowments,” the report presents the potential financial impact of universities adopting the boycott, divestment, and sanctions (BDS) movement, which seeks to isolate Israel from the international community as a step toward its eventual elimination.
The ADL describes its report as “the first of its kind” to measure the havoc BDS would wreak on university endowments, the core of a higher education institution’s financial health, by quantifying the returns for investment portfolios purged of Israel-linked companies.
“Our research demonstrates that university endowments that divest from Israel could face significant financial consequences,” JLens managing director Ari Hoffnung said in a statement. “Lower investment returns could compromise a university’s ability to provide scholarships, fund research, and invest in campus facilities.”
The numbers are harrowing. Adopting BDS, according to the report, would incinerate $33.21 billion of future returns for the 100 largest university endowments over the next 10 years, with Harvard University losing $2.5 billion and the University of Texas losing $2.2 billion. Other schools would forfeit over $1 billion, including the University of Pennsylvania, Stanford University, and Princeton University. For others, such as the University of Michigan and Dartmouth College, the damages would total in the hundreds of millions.
“This groundbreaking report approached the morally problematic BDS movement from an entirely new direction — its negative impact on portfolio returns,” New York University adjunct professor Michael Lustig said in a statement extolling the report. “JLens has done a great job in quantifying the financial effects of implementing the suggestions of this pernicious movement, and importantly, they ‘show their work’ by providing full transparency into their methodology, and properly caveat the points where assumptions must necessarily be made. This report will prove to be an important tool in helping to fight noxious BDS advocacy.”
The report adds that BDS proponents are capricious, making them unreliable investment advisers. They will add a company to the BDS “target list” for appearing to do business with Israel or Israeli companies and then fail to remove it even after the business ends. For example, JLens notes that BDS continues to name Microsoft as a “target” four years after it sold its stake in the Israeli software company AllVision. BDS proponents also offer conflicting reasons for divestment, with some limiting their grievance to the sale of weapons to the Israeli military and others aiming to halt any and all economic activity with Israel. Despite these inconsistencies, BDS proponents claim to speak with a unified voice.
“Additionally, the landscape of companies doing business in Israel is vast and ever-changing, making it challenging to compile a definitive list of BDS targets and that does not become quickly outdated,” JLens explained. “The list of potential BDS targets can expand at any time due to evolving geopolitical events and misguided activists campaigns. This dynamic nature of BDS targeting was exemplified during the editting phase of this research report, when BDS proponents expanded their calls for boycotts and divestments to include major corporations like Coca-Cola … this recent addition underscores the fluid nature of BDS campaigns and the potential for rapid shifts in targeted companies.”
American universities are largely rejecting demands to divest from Israel and entities linked to the Jewish state, but some have embraced divestment or other policies approximating it, Inside Higher Ed reported earlier this month, noting that California State University-Sacramento has said it will not invest in companies which “profit from genocide, ethnic cleansing, and activities that violate fundamental human rights,” an ambiguous turn of phrase that does not specifically mention Israel. Additionally, the outlet added, Union Theological Seminary in the City of New York has committed to implementing “socially responsible investment screens” that prevent investments in companies “substantially and intractably benefiting from the war in Palestine.”
As The Algemeiner has previously reported, Brown University’s Corporation of trustees will soon vote on a divestment proposal based on the demands of a group which calls itself the Brown Divest Coalition (BDC). According to The Brown Daily Herald, Brown president Christina Paxson initially only promised the protesters a meeting with members of the Brown Corporation, but the students pushed for more concessions and ultimately coaxed her into making divestment a real possibility.
JLens says in its report that Brown would lose $309 million dollars if it chooses to accept the investment advice of its undergraduates. The mere possibility of it is already causing damage. Earlier this month, a trustee of the Brown Corporation, Joseph Edelman, resigned from his position, citing the upcoming vote.
“It’s no coincidence that leading pro-boycott groups have ties to terrorist organizations that seek the annihilation of the Jewish people,” he wrote in an op-ed, published by the Wall Street Journal, announcing his resignation. “In the end, that is the goal of the BDS movement, and I can’t accept the treatment of a hate movement as legitimate and deserving of a hearing. Brown’s policy of appeasement won’t work. It’s a capitulation to the very hatred that led to the Holocaust and the unspeakable horrors of Oct. 7.”
Follow Dion J. Pierre @DionJ.Pierre.
The post BDS Could Cost Universities Billions of Dollars, New ADL Report Says first appeared on Algemeiner.com.
RSS
Hamas Warns Against Cooperation with US Relief Efforts In Bid to Restore Grip on Gaza
Hamas terrorists carry grenade launchers at the funeral of Marwan Issa, a senior Hamas deputy military commander who was killed in an Israeli airstrike during the conflict between Israel and Hamas, in the central Gaza Strip, Feb. 7, 2025. Photo: REUTERS/Ramadan Abed
The Hamas-run Interior Ministry in Gaza has warned residents not to cooperate with the US- and Israeli-backed Gaza Humanitarian Foundation, as the terror group seeks to reassert its grip on the enclave amid mounting international pressure to accept a US-brokered ceasefire.
“It is strictly forbidden to deal with, work for, or provide any form of assistance or cover to the American organization (GHF) or its local or foreign agents,” the Interior Ministry said in a statement Thursday.
“Legal action will be taken against anyone proven to be involved in cooperation with this organization, including the imposition of the maximum penalties stipulated in the applicable national laws,” the statement warns.
The GHF released a statement in response to Hamas’ warnings, saying the organization has delivered millions of meals “safely and without interference.”
“This statement from the Hamas-controlled Interior Ministry confirms what we’ve known all along: Hamas is losing control,” the GHF said.
The GHF began distributing food packages in Gaza in late May, implementing a new aid delivery model aimed at preventing the diversion of supplies by Hamas, as Israel continues its defensive military campaign against the Palestinian terrorist group.
The initiative has drawn criticism from the UN and international organizations, some of which have claimed that Jerusalem is causing starvation in the war-torn enclave.
Israel has vehemently denied such accusations, noting that, until its recently imposed blockade, it had provided significant humanitarian aid in the enclave throughout the war.
Israeli officials have also said much of the aid that flows into Gaza is stolen by Hamas, which uses it for terrorist operations and sells the rest at high prices to Gazan civilians.
According to their reports, the organization has delivered over 56 million meals to Palestinians in just one month.
Hamas’s latest threat comes amid growing international pressure to accept a US-backed ceasefire plan proposed by President Donald Trump, which sets a 60-day timeline to finalize the details leading to a full resolution of the conflict.
In a post on Truth Social, Trump announced that Israel has agreed to the “necessary conditions” to finalize a 60-day ceasefire in Gaza, though Israel has not confirmed this claim.
Israeli Prime Minister Benjamin Netanyahu is expected to meet with Trump next week in Washington, DC — his third visit in less than six months — as they work to finalize the terms of the ceasefire agreement.
Even though Trump hasn’t provided details on the proposed truce, he said Washington would “work with all parties to end the war” during the 60-day period.
“I hope, for the good of the Middle East, that Hamas takes this Deal, because it will not get better — IT WILL ONLY GET WORSE,” he wrote in a social media post.
Since the start of the war, ceasefire talks between Jerusalem and Hamas have repeatedly failed to yield enduring results.
Israeli officials have previously said they will only agree to end the war if Hamas surrenders, disarms, and goes into exile — a demand the terror group has firmly rejected.
“I am telling you — there will be no Hamas,” Netanyahu said during a speech Wednesday.
For its part, Hamas has said it is willing to release the remaining 50 hostages — fewer than half of whom are believed to be alive — in exchange for a full Israeli withdrawal from Gaza and an end to the war.
While the terrorist group said it is “ready and serious” to reach a deal that would end the war, it has yet to accept this latest proposal.
In a statement, the group said it aims to reach an agreement that “guarantees an end to the aggression, the withdrawal [of Israeli forces], and urgent relief for our people in the Gaza Strip.”
According to media reports, the proposed 60-day ceasefire would include a partial Israeli withdrawal from Gaza, a surge in humanitarian aid, and the release of the remaining hostages held by Hamas, with US and mediator assurances on advancing talks to end the war — though it remains unclear how many hostages would be freed.
For Israel, the key to any deal is the release of most, if not all, hostages still held in Gaza, as well as the disarmament of Hamas, while the terror group is seeking assurances to end the war as it tries to reassert control over the war-torn enclave.
The post Hamas Warns Against Cooperation with US Relief Efforts In Bid to Restore Grip on Gaza first appeared on Algemeiner.com.
RSS
UK Lawmakers Move to Designate Palestine Action as Terrorist Group Following RAF Vandalism Protest
Police block a street as pro-Palestinian demonstrators gather to protest British Home Secretary Yvette Cooper’s plans to proscribe the “Palestine Action” group in the coming weeks, in London, Britain, June 23, 2025. Photo: REUTERS/Jaimi Joy
British lawmakers voted Wednesday to designate Palestine Action as a terrorist organization, following the group’s recent vandalizing of two military aircraft at a Royal Air Force base in protest of the government’s support for Israel.
Last month, members of the UK-based anti-Israel group Palestine Action broke into RAF Brize Norton in Oxfordshire, a county west of London, and vandalized two Voyager aircraft used for military transport and refueling — the latest in a series of destructive acts carried out by the organization.
Palestine Action has regularly targeted British sites connected to Israeli defense firm Elbit Systems as well as other companies in Britain linked to Israel since the start of the conflict in Gaza in 2023.
Under British law, Home Secretary Yvette Cooper has the authority to ban an organization if it is believed to commit, promote, or otherwise be involved in acts of terrorism.
Passed overwhelmingly by a vote of 385 to 26 in the lower chamber — the House of Commons — the measure is now set to be reviewed by the upper chamber, the House of Lords, on Thursday.
If approved, the ban would take effect within days, making it a crime to belong to or support Palestine Action and placing the group on the same legal footing as Al Qaeda, Hamas, and the Islamic State under UK law.
Palestine Action, which claims that Britain is an “active participant” in the Gaza conflict due to its military support for Israel, condemned the ban as “an unhinged reaction” and announced plans to challenge it in court — similar to the legal challenges currently being mounted by Hamas.
Under the Terrorism Act 2000, belonging to a proscribed group is a criminal offense punishable by up to 14 years in prison or a fine, while wearing clothing or displaying items supporting such a group can lead to up to six months in prison and/or a fine of up to £5,000.
Palestine Action claimed responsibility for the recent attack, in which two of its activists sprayed red paint into the turbine engines of two Airbus Voyager aircraft and used crowbars to inflict additional damage.
According to the group, the red paint — also sprayed across the runway — was meant to symbolize “Palestinian bloodshed.” A Palestine Liberation Organization flag was also left at the scene.
On Thursday, local authorities arrested four members of the group, aged between 22 and 35, who were charged with conspiracy to enter a prohibited place knowingly for a purpose prejudicial to the safety or interests of the UK, as well as conspiracy to commit criminal damage.
Palestine Action said this latest attack was carried out as a protest against the planes’ role in supporting what the group called Israel’s “genocide” in Gaza.
At the time of the attack, Cooper condemned the group’s actions, stating that their behavior had grown increasingly aggressive and resulted in millions of pounds in damages.
“The disgraceful attack on Brize Norton … is the latest in a long history of unacceptable criminal damage committed by Palestine Action,” Cooper said in a written statement.
“The UK’s defense enterprise is vital to the nation’s national security and this government will not tolerate those that put that security at risk,” she continued.
The post UK Lawmakers Move to Designate Palestine Action as Terrorist Group Following RAF Vandalism Protest first appeared on Algemeiner.com.
RSS
US-backed Gaza Relief NGO Vows ‘Legal Action’ Against AP Claim Group Fired on Palestinian Civilians
Palestinians collect aid supplies from the US-backed Gaza Humanitarian Foundation, in Rafah, in the southern Gaza Strip, June 9, 2025. Photo: REUTERS/Hatem Khaled
The Gaza Humanitarian Foundation (GHF), a US-backed nonprofit operating aid distribution centers in the Gaza Strip, is pushing back forcefully against an Associated Press report alleging that its contractors opened fire on Palestinian civilians.
The GHF is accusing the AP of withholding key evidence and relying on a “disgruntled former contractor” as a central source.
“In response, we are pursuing legal action,” the organization said in a statement released Wednesday.
GHF said it conducted an “immediate investigation” after being contacted by the AP, reviewing time-stamped video footage and sworn witness testimony. The group concluded that the allegations were “categorically false,” stating that no civilians were fired upon at any of their distribution sites and that the gunfire heard in the AP’s video came from Israeli forces operating outside the vicinity.
“What is most troubling is that the AP refused to share the full video with us prior to publication, despite the seriousness of the allegations,” the statement read. “If they believed their own reporting, they should have provided us with the footage so we could take immediate and appropriate action.”
The nonprofit’s public rebuttal raises sharp questions about the AP’s reporting process, suggesting the outlet declined to engage with the organization in good faith and instead leaned on a source GHF describes as having been terminated “for misconduct” weeks prior. The group also claimed the AP’s recent coverage of its activities had begun to “echo narratives advanced by the Hamas-controlled Gaza Ministry of Health.”
The AP has not yet responded publicly to the GHF’s accusations or provided clarification about its decision not to share the video footage before publication. The original report alleged that American contractors employed by GHF had fired weapons near or toward civilians.
The GHF statement confirmed that a contractor seen shouting in the AP’s video had been removed from operations, though the group insisted this was unrelated to any violence and did not constitute evidence of wrongdoing.
GHF, which describes its mission as delivering food to Gaza “safely, directly, and without interference,” said it remains committed to transparency but would not allow its operations to be “derailed by misinformation.”
The dispute highlights the fraught information environment in Gaza, where limited access and competing narratives frequently complicate the verification of on-the-ground events.
The post US-backed Gaza Relief NGO Vows ‘Legal Action’ Against AP Claim Group Fired on Palestinian Civilians first appeared on Algemeiner.com.