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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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After False Dawns, Gazans Hope Trump Will Force End to Two-Year-Old War
Palestinians walk past a residential building destroyed in previous Israeli strikes, after Hamas agreed to release hostages and accept some other terms in a US plan to end the war, in Nuseirat, central Gaza Strip October 4, 2025. Photo: REUTERS/Mahmoud Issa
Exhausted Palestinians in Gaza clung to hopes on Saturday that US President Donald Trump would keep up pressure on Israel to end a two-year-old war that has killed tens of thousands and displaced the entire population of more than two million.
Hamas’ declaration that it was ready to hand over hostages and accept some terms of Trump’s plan to end the conflict while calling for more talks on several key issues was greeted with relief in the enclave, where most homes are now in ruins.
“It’s happy news, it saves those who are still alive,” said 32-year-old Saoud Qarneyta, reacting to Hamas’ response and Trump’s intervention. “This is enough. Houses have been damaged, everything has been damaged, what is left? Nothing.”
GAZAN RESIDENT HOPES ‘WE WILL BE DONE WITH WARS’
Ismail Zayda, 40, a father of three, displaced from a suburb in northern Gaza City where Israel launched a full-scale ground operation last month, said: “We want President Trump to keep pushing for an end to the war, if this chance is lost, it means that Gaza City will be destroyed by Israel and we might not survive.
“Enough, two years of bombardment, death and starvation. Enough,” he told Reuters on a social media chat.
“God willing this will be the last war. We will hopefully be done with the wars,” said 59-year-old Ali Ahmad, speaking in one of the tented camps where most Palestinians now live.
“We urge all sides not to backtrack. Every day of delay costs lives in Gaza, it is not just time wasted, lives get wasted too,” said Tamer Al-Burai, a Gaza City businessman displaced with members of his family in central Gaza Strip.
After two previous ceasefires — one near the start of the war and another earlier this year — lasted only a few weeks, he said; “I am very optimistic this time, maybe Trump’s seeking to be remembered as a man of peace, will bring us real peace this time.”
RESIDENT WORRIES THAT NETANYAHU WILL ‘SABOTAGE’ DEAL
Some voiced hopes of returning to their homes, but the Israeli military issued a fresh warning to Gazans on Saturday to stay out of Gaza City, describing it as a “dangerous combat zone.”
Gazans have faced previous false dawns during the past two years, when Trump and others declared at several points during on-off negotiations between Hamas, Israel and Arab and US mediators that a deal was close, only for war to rage on.
“Will it happen? Can we trust Trump? Maybe we trust Trump, but will Netanyahu abide this time? He has always sabotaged everything and continued the war. I hope he ends it now,” said Aya, 31, who was displaced with her family to Deir Al-Balah in the central Gaza Strip.
She added: “Maybe there is a chance the war ends at October 7, two years after it began.”
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Mass Rally in Rome on Fourth Day of Italy’s Pro-Palestinian Protests
A Pro-Palestinian demonstrator waves a Palestinian flag during a national protest for Gaza in Rome, Italy, October 4, 2025. Photo: REUTERS/Claudia Greco
Large crowds assembled in central Rome on Saturday for the fourth straight day of protests in Italy since Israel intercepted an international flotilla trying to deliver aid to Gaza, and detained its activists.
People holding banners and Palestinian flags, chanting “Free Palestine” and other slogans, filed past the Colosseum, taking part in a march that organizers hoped would attract at least 1 million people.
“I’m here with a lot of other friends because I think it is important for us all to mobilize individually,” Francesco Galtieri, a 65-year-old musician from Rome, said. “If we don’t all mobilize, then nothing will change.”
Since Israel started blocking the flotilla late on Wednesday, protests have sprung up across Europe and in other parts of the world, but in Italy they have been a daily occurrence, in multiple cities.
On Friday, unions called a general strike in support of the flotilla, with demonstrations across the country that attracted more than 2 million, according to organizers. The interior ministry estimated attendance at around 400,000.
Italy’s right-wing government has been critical of the protests, with Prime Minister Giorgia Meloni suggesting that people would skip work for Gaza just as an excuse for a longer weekend break.
On Saturday, Meloni blamed protesters for insulting graffiti that appeared on a statue of the late Pope John Paul II outside Rome’s main train station, where Pro-Palestinian groups have been holding a protest picket.
“They say they are taking to the streets for peace, but then they insult the memory of a man who was a true defender and builder of peace. A shameful act committed by people blinded by ideology,” she said in a statement.
Israel launched its Gaza offensive after Hamas terrorists staged a cross border attack on October 7, 2023, killing some 1,200 people and taking 251 people hostage.
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Hamas Says It Agrees to Release All Israeli Hostages Under Trump Gaza Plan
Smoke rises during an Israeli military operation in Gaza City, as seen from the central Gaza Strip, October 2, 2025. Photo: REUTERS/Dawoud Abu Alkas
Hamas said on Friday it had agreed to release all Israeli hostages, alive or dead, under the terms of US President Donald Trump’s Gaza proposal, and signaled readiness to immediately enter mediated negotiations to discuss the details.