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New York Democrat Comptroller Candidate’s Plan to Divest From Israel Is Imprudent, Republican Opponent Says

Joseph Hernandez, Republican candidate for New York State Comptroller, speaking with voters. Photo: Hernandez campaign

The plan of a Democratic candidate for New York comptroller to divest the state of its holdings in Israel bonds violates the fiduciary duties of an office which oversees the management of hundreds of billions of dollars in pension funds and other assets, his Republican opponent, Joseph Hernandez, told The Algemeiner during an exclusive interview on Monday.

Hernandez, a Cuban refugee whose family fled the Castro regime, explained that the proposal, promised by former Kansas state Rep. Raj Goyle (who moved to New York after a failed bid for US Congress in 2010), would amount to an endorsement of the boycott, divestment, and sanctions (BDS) movement against Israel while alienating a country widely regarded as arguably the most reliable US ally.

Israel bonds, he added, are one of the safest assets a government could own. He has promised to invest $1 billion in them if he is elected.

“From a purely financial perspective, these are good investments. You would put your own money in this for sure, and you shouldn’t apply politics to the equation,” he said. “Imagine if we stopped investing the bonds of other foreign countries or vice versa because of disagreements over policy. That’s just bad decision making.”

“The economic rationale for investing in Israeli bonds is impeccable,” Hernandez continued. “Israel has an exploding technology sector producing giant leaps in artificial intelligence and the next generation of health care and biotech. We should be partnering with them in these areas, beyond the bonds. I think the relationship, from an investment perspective, should be broader. As the fiduciary and ultimately as the sole trustee of the New York State pension fund, I will seek ways not only to increase investment on the bonds side but also to collaborate on bringing the next generation of technologies to New York and promote a new era of job growth in the state.”

In New York City specifically, records show that Israel bonds, historically yielding approximately 5 percent annually, have outperformed many alternatives.

As for the state overall, Israeli firms pour billions of dollars and tens of thousands of jobs into the local economy, and business experts have warned that a push for divestment could lead Israeli-associated and Jewish-owned companies to leave.

A study released by the United States-Israel Business Alliance in October revealed that, based on 2024 data, 590 Israeli-founded companies directly created 27,471 jobs in New York City that year and indirectly created over 50,000 jobs when accounting for related factors, such as buying and shipping local products.

These firms generated $8.1 billion in total earnings, adding an estimated $12.4 billion in value to the city’s economy and $17.9 billion in total gross economic output.

As for the entire state, the report, titled the “2025 New York – Israel Economic Impact Report,” found that 648 Israeli-founded companies generated $8.6 billion in total earnings and $19.5 billion in gross economic output, contributing a striking $13.3 billion in added value to the economy. These businesses also directly created 28,524 jobs and a total of 57,145 when accounting for related factors.

From financial tech leaders like Fireblocks to cybersecurity powerhouse Wiz, Israeli entrepreneurs have become indispensable to the innovation ecosystem. The number of Israeli-founded “unicorns,” privately held companies with a valuation of at least $1 billion, operating in New York City has quadrupled since 2019, increasing from five to 20.

However, anti-Israel activists in the US have been pushing for state and local governments, in addition to businesses, universities, and various cultural forums to divest all assets from Israel-linked entities in accordance with the BDS movement.

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.

Goyle’s plan would enact the divestment component of BDS by aiming to limit Israel’s capacity to issue bonds for the purpose of borrowing money, a core function of government which raises capital for expenditures such as roads and bridges while contributing to economic health, market stabilization, and a high credit rating.

The New York Post reported last month that Goyle wants to fully divest $338 million in foreign assets, including Israel bonds, from New York’s retirement fund.

“I’m here to tell you that when I am comptroller, we will not renew the foreign bond portfolio of the state comptroller’s office and that includes Israel bonds,” Goyle  told a gathering of supporters of the left-wing Working Families Party. “We will not send a blank check for [Israeli Prime Minister] Benjamin Netanyahu’s war crimes in Gaza.”

The state comptroller’s office manages pensions for state and municipal workers and runs the Common Retirement Fund, one of the largest pension funds in the country with a $291 billion investment portfolio. It currently holds about $337.5 million in Israel bonds.

Hernandez contrasted his view with Goyle’s, arguing that the US should continue to be a friend of both Israel and the Jewish people.

“I live in New York, the largest Jewish population outside of Israel. I see what this community contributes to America and to our society,” he said. “The relationship that we have is unbreakable and it is one we should continue to invest in both socially, politically, and financially.”

Across the political spectrum, Israel bonds are widely considered wise investments.

“They’re stable, they’re guaranteed, they’ve never had a problem, and it’s a good investment,” state Assemblyman David Weprin, a Democrat and former chair of the New York City Council Finance Committee, told the Post.

Goyle is not the only New York Democrat advocating a rupture in the state’s financial relationship with Israel. New York City Mayor Zohran Mamdani, who entered office last month, has been an outspoken supporter of the BDS movement.

Mamdani, a far-left democratic socialist who has made anti-Israel activism a cornerstone of his political career, has repeatedly accused Israel of “apartheid” and refused to recognize its right to exist as a Jewish state.

Such positions have raised alarm bells among not only New York’s Jewish community but also Israeli business owners and investors, who fear a hostile climate under Mamdani’s leadership.

His election came after former New York City Comptroller Brad Lander refused last year to renew some Israel bonds in the city’s pension fund, which is a separate entity. The office of then-Mayor Eric Adams accused Lander of pushing a political agenda by moving to withdraw millions of dollars in city pension funds from bonds issued by the Jewish state.

On Monday, Hernandez pledged to be beholden to New York’s taxpayers and not fringe ideological groups.

“There’s a reason that this is an independent elected role,” he concluded. “It’s supposed to be a role that doesn’t take political filters or use politics for decision making. This is about fiduciary duty and what it is in the best interest of the taxpayers, and I intend to execute to that effect.”

Both Goyle and Hernandez are vying to unseat incumbent state Comptroller Tom DiNapoli, a Democrat.

Follow Dion J. Pierre @DionJPierre.

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Support for Israel, Trump Gaza Peace Plan Remains High Among US Voters, New Poll Finds

Pro-Israel rally in Times Square, New York City, US, Oct. 8, 2023. Photo: REUTERS/Jeenah Moon

A new national survey suggests that American support for Israel remains resilient overall but with notable generational divides that could shape the future political landscape.

According to the February 2026 Harvard CAPS / Harris Poll, strong majorities of US registered voters back policies aligned with Israel’s security posture and express approval of President Donald Trump’s handling of the conflict in Gaza. At the same time, the data shows that support for Israel fluctuates significantly depending on age.

Notably, the survey was conducted last week on Wednesday and Thursday, just before the US and Israel launched their military campaign against Iran over the weekend.

Among respondents, 73 percent of voters say they support Trump’s Gaza deal framework. The proposal, aimed at restructuring governance and stabilizing post-war conditions in Gaza, commands bipartisan backing in the poll’s toplines.

The plan calls for the dismantling of Hamas’s military and political control, the establishment of an interim administrative authority backed by regional Arab partners, and a major internationally funded reconstruction effort. Trump has also emphasized expanding normalization between Israel and Arab states, building on the Abraham Accords, as a cornerstone of long-term stability, while maintaining Israel’s security oversight during a transitional period.

Voters appear to prioritize stability and deterrence, responding favorably to an approach framed around preventing Hamas from reasserting control and reinforcing Israel’s long-term security.

The poll shows that a clear majority of Americans continue to side with Israel over Hamas and support Israel’s right to defend itself. However, support levels vary considerably by age group.

Older voters, particularly those over 55, show the strongest pro-Israel sentiment, with large majorities backing Israel’s military actions and expressing sympathy with Israel over the Palestinians. Voters between 35 and 54 also lean pro-Israel, though by narrower margins.

The sharpest contrast appears among younger voters. Americans under 35 remain more divided, with significantly lower levels of sympathy toward Israel and greater skepticism about its military campaign in Gaza. While even in this group Israel retains meaningful support, the margins are slimmer and opposition more vocal.

The generational gap reflects broader cultural and media consumption differences, as well as the impact of campus activism and social media narratives. Yet the topline remains clear: despite softness among younger voters, Israel continues to command majority support nationwide.

Further, strong and stable majorities support Israel over the Hamas terrorist group. According to the survey, 71 percent of Americans support Israel over Hamas. However, support for Israel heavily fractures along age lines. Per the poll, 82 percent of those over 55 years old support Israel, compared to only 62 percent between the ages 35-44. However, a striking 58 percent of those between the ages 18-24 support Hamas over Israel, indicating a groundswell of backing for a foreign terrorist organization among American youth. 

In the nearly two-and-a-half years following the Hamas-led Oct. 7, 2023, massacre across southern Israel, support for the Jewish state has seen significant declines across political and age lines in the US. Younger Americans, particularly, have largely turned against Israel. The increasingly tense relationship between Israel and US voters has become a flashpoint in Democratic primaries, with liberal political hopefuls increasingly vowing not to accept support from the American Israel Public Affairs Committee (AIPAC), the preeminent pro-Israel lobbying group in the US. 

The February poll was conducted among 1,999 registered voters, with a margin of error of ±2 percentage points.

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US-Israel War Effort Bolstered by Growing Support in Middle East, Europe as Iran Left Isolated

Smoke rises after reported Iranian missile attacks, following United States and Israel strikes on Iran, as seen from Doha, Qatar, March 1, 2026. Photo: REUTERS/Mohammed Salem

As Iran’s missile and drone attacks widen and prompt outrage, a loose coalition is forming of Middle Eastern and Western powers to act against Tehran, leaving the regime increasingly isolated as the US and Israel continue their military campaign.

On Monday, several Israeli media outlets reported that Qatar launched strikes against Iran over the last 24 hours, following what officials described as a series of Iranian attacks targeting the country and the broader region.

However, Qatar’s Foreign Ministry spokesman Majid al-Ansari denied Doha’s involvement in “the campaign targeting Iran,” describing its actions as defensive in nature rather than part of any war effort.

“We exercised our legitimate right to self-defense and to deter Iranian aggression against our territory,” al-Ansari said in a statement.

The Qatari diplomat further confirmed that officials had prevented a planned attack aimed at Hamad International Airport in Doha.

“It is misguided to suggest that pressuring Gulf nations will bring Iran back to the negotiating table,” al-Ansari said.

“We received no advance warning from Iran regarding the missile strikes,” he continued. “The target was not limited to military installations, but extended to the country’s entire territory. Such attacks will not go unanswered.”

Amid escalating regional tensions, Saudi Arabia could also be drawn into the military campaign against the Islamist regime after two Iranian drones struck near the United States Embassy in Riyadh, igniting an explosion in the city. Saudi Arabia is considering a symbolic attack on Iran in response, according to Israeli media reports.

US President Donald Trump strongly condemned the attack, issuing a stark warning to Tehran and saying that Iranian aggression would be met with a forceful US response.

“They will soon learn the price of the attack on the US Embassy in Riyadh and the killing of American service members,” Trump wrote in a social media post.

Since the start of the war this past weekend, Iran has reportedly launched 450 missiles and 1,140 drones toward Gulf states, a barrage that has pushed regional governments to distance themselves from Tehran and align more openly with the Israeli and American offensive.

As the conflict widened, Iran extended its attacks beyond Israel, targeting what it described as “US interests” across the region and launching missile and drone strikes that reached several Gulf countries, including the United Arab Emirates, Oman, Qatar, Bahrain and Kuwait.

Iran “is now in complete isolation in the entire world, including among the Gulf states,” Darar al-Hol al-Falasi, a former member of the UAE’s Federal National Council, told the Israeli broadcaster Kan News. “The attacks were like the straw that broke the camel’s back.”

Media reports also indicated Iranian strikes in the autonomous Kurdistan Region of Iraq, reportedly to preempt any uprising from Kurdish opposition groups, and an Iranian-made drone, likely launched by Iran-backed Hezbollah from ​Lebanon, striking a British base in Cyprus.

According to analysts, Iran appeared to believe that expanding the war and targeting Gulf states would push regional governments to press Washington toward de-escalation. However, the move has instead reinforced regional resistance and prompted closer alignment against Tehran.

Meanwhile, both Washington and Jerusalem have indicated that there is no fixed timetable for ending their military operation, stressing that actions will continue as long as necessary to neutralize the threat posed by Iran

“From the beginning, we projected four to five weeks, but we have capability to go far longer than that, we’ll do it,” Trump said in a statement. 

“This was our last best chance to strike … and eliminate the intolerable threats posed by this sick and sinister regime,” he continued.

Israeli Foreign Minister Gideon Sa’ar also said there is no set timeline for the joint military effort with Washington against Iran, describing the strikes as a necessary step to weaken Tehran’s leadership and strategic capabilities.

Initially cautious, European Union members are now gradually increasing their involvement, moving to safeguard strategic assets in the region against Iranian drone and missile threats.

On Tuesday, French Foreign Minister Jean-Noël Barrot announced an increased French military presence in the region, confirming the deployment of fighter jets to the UAE after an Iranian drone struck a French military installation in Abu Dhabi.

“Discussions are underway with France’s allies in the Middle East regarding the provision of equipment to strengthen their defensive capabilities,” Barrot said.

France will dispatch a warship and anti-missile and anti-drone systems to help protect British facilities in Cyprus after two drones targeting the British air base at RAF Akrotiri were intercepted.

Greece also announced its support for Cyprus, deploying four F-16 fighter jets and two frigates, including one carrying the Centauros anti-drone jamming system, while pledging to defend the island “by all necessary means.”

Britain said it would deploy the Type 45 destroyer HMS Dragon and two Wildcat helicopters armed with Martlet missiles to strengthen defenses in the Eastern Mediterranean.

European support is expanding beyond Cyprus. French President Emmanuel Macron on Tuesday said France was sending its aircraft carrier Charles de Gaulle to the Mediterranean and working to build a coalition that would help secure maritime traffic.

“We have economic interests to protect, because oil prices, gas prices, and the international trade situation are being profoundly disrupted by this war,” Macron said in a televised address.

As Iran presses ahead with its regional escalation despite growing opposition, the United States, along with Bahrain, Jordan, Kuwait, Qatar, Saudi Arabia, and the UAE, issued a joint statement strongly condemning Tehran’s “indiscriminate and reckless missile and drone attacks” against sovereign territories across the region.

“We stand united in defense of our citizens, sovereignty, and territory, and reaffirm our right to self-defense in the face of these attacks,” the statement read.

Britain, France, and Germany — collectively known as the E3 — have also condemned what they described as “the indiscriminate and disproportionate missile attacks” by Iran on regional countries, saying the strikes pose a broader threat to regional stability.

“Iran’s reckless attacks have targeted our close allies and are threatening our service personnel and our civilians across the region,” the statement said. 

“We will take steps to defend our interests and those of our allies, potentially through enabling necessary and proportionate defensive action to destroy Iran’s capability to fire missiles and drones at their source,” it continued. “We have agreed to work together with the US and allies in the region on this matter.”

Meanwhile, China and Russia — despite their close ties to Iran — have so far limited their response to diplomatic statements and calls for de-escalation, echoing their restrained posture during last year’s 12-day war with Israel.

Moscow convened emergency meetings and publicly denounced the attacks but stopped short of offering material assistance to Tehran, despite the Comprehensive Strategic Partnership treaty the two countries signed last year.

Chinese Foreign Minister Wang Yi stressed that Beijing opposes unilateral military action and supports Iran’s right to defend itself.

“China supports Iran in upholding its sovereignty, security, territorial integrity, and national dignity, while safeguarding its legitimate rights and interests,” the Chinese diplomat said in a statement.

“Major powers should not exploit their military superiority to launch arbitrary attacks on other nations, and the world must not return to a law of the jungle,” she continued. 

Beijing is even urging Tehran to avoid disrupting shipping through the Strait of Hormuz — a vital passage connecting the Persian Gulf to the Arabian Sea and a key route for global energy shipments — as escalating conflict threatens international oil and gas supplies.

Iran has long threatened to close the waterway in the event of war with the US.

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‘Solidarity’: Faculty for Palestine Groups Urge Students to Stand With Jihadists, Remnants of Iranian Regime

A woman holds a photo of Ayatollah Ali Khamenei as she takes part in anti-US protest outside the White House. Photo: Matrix Images / Gent Shkullaku via Reuters Connect

Anti-Zionist faculty on college campuses are cajoling students to support Islamism, jihad, and terrorism by recruiting them to participate in demonstrations for the revolutionary government of Iran, a regime which is responsible for killing American soldiers through proxy groups across the Middle East.

“Dear Students, I know it is very short notice, but for those who would like to participate in social protest against the US and Israeli war on Iran, Angelenos are gathering in 2 hours at City Hall,” Elizabeth Ribet, a professor at the University of California College of the Law, San Francisco, wrote on Saturday, signing off the note with “solidarity.”

“This email is a blatant example of a professor abusing her academic authority to politicize the classroom,” Tammi Rossman-Benjamin, higher education expert and executive director of the campus watchdog group AMCHA Initiative, told The Algemeiner in an exclusive statement. “AMCHA Initiative’s latest report documents hundreds of similar examples and concludes that when faculty blur the line between teaching and anti-Israel political advocacy, antisemitic hostility on campus rises. Recognizing this danger, more than 350 UC [University of California] faculty have recently urged the Regents to act. UC leaders must recommit to academic integrity and ensure classrooms remain places of scholarship and rigorous inquiry, not platforms for political mobilization.”

Ribet’s note is one of many communications that pro-jihadist student and faculty groups have issued since the US and Israel launched military strikes against Iran and killed Supreme Leader Ali Khamenei over the weekend.

Since then, The Algemeiner has reviewed over a dozen examples of faculty, specifically the Faculty for Justice in Palestine organization, proclaiming solidarity with Iran’s Islamist, authoritarian regime and lambasting the US and Israel for their joint operation.

“These u.s.-backed attacks are designed to spark a regional war, sacrificing the people of Iran, Palestine, Lebanon, Syria, Yemen, and beyond to further amerikkkan and zionist domination [sic],” said a post liked by the University of California Ethnic Studies Council, a body of professors who proposed an ethnic studies high school requirement for UC admissions. Critics have noted that the proposal pushed anti-Zionism in the classroom.

“Every drop of their blood spilled ignites our rage, our grief, and our duty,” the post continued. “We must continue to organize in solidarity with the Palestinian people, until the end of zionism [sic] and the liberation of Palestine.”

It added, “RESISTANCE IS GLORIOUS.”

The UC Ethnic Studies Council also shared a post by the Institute for the Critical Study of Zionism, a far-left group that has defended terrorism against Israel, which said, “We reject imperialist and wear mongering narratives that position Iran as the intruder in the region, rather than US military bases and US interventionism.”

In Bronxville, New York, Sarah Lawrence College’s Faculty for Justice in Palestine (FJP) chapter posted a volley of messages which called for “de-platforming Zionists” and ending military operations in Iran. The group also shared false claims that the US opened fire on Pakistani civilians.

Just miles away, Saint John’s University FJP group shared agitprop falsely alleging that the US intentionally targeted an Iranian school with an airstrike and has “always … sacrificed” children. The group also called for sabotaging the war effort by refusing to file taxes or to file by paper to delay the government’s receiving revenue. Meanwhile, the post suggested that agents in the government are prepared to participate in the conspiracy.

“The absolute bare minimum those of us in the imperial core should be doing is NOT FUNDING THIS SH—T,” said the post. “For example even just filing your taxes via paper slows down the IRS and makes it easier for other tax registers to make an impact with their actions as well.”

Bowdoin College, New York University, Bryn Mawr College, and Haverford College all have Faculty for Justice in Palestine groups sharing similar social media content.

The posts come after the Iranian regime killed tens of thousands of civilian anti-government protesters last month in a brutal crackdown. Iran for years has also been the world’s foremost state sponsor of terrorism, according to Western intelligence agencies. For example, Iran funded, armed, and trained Hamas, the Palestinian terrorist group that perpetrated the Oct. 7, 2023, massacre across southern Israel.

College faculty not only promote terrorism but also play a singular role in triggering and accelerating the campus antisemitism crisis, according to a recent study by AMCHA Initiative.

Focusing on UC campuses as case studies, the study exposed Oct 7 denialism; faculty calling for driving Jewish institutions off campus; the founding of pro-Hamas, Faculty for Justice in Palestine groups; and hundreds of endorsers of the boycott, divestment, and sanctions (BDS) movement against Israel.

“While students are the most visible actors, faculty and academic departments are key institutional drivers of the hostile environment,” the AMCHA Initiative said following the report’s publication. “Across three campuses, many faculty who promoted anti-Israel activism through university channels had previously endorsed an academic boycott of Israel (academic BDS). The boycott’s guidelines explicitly call on supporters to implement ‘anti-normalization’ in their professional roles. These include excluding Zionist perspectives, speakers, and programs from academic life.”

The report followed previous studies revealing the extent of faculty misconduct in higher education promoting anti-Israel animus and even outright antisemitism.

Just last month, The Algemeiner learned that, according to a lawsuit, a professor at Carnegie Mellon University assigned a Jewish student a project on “what Jews do to make themselves such a hated group.”

Similar incidents have come at a fast clip since the Hamas-led Oct. 7 massacre: a Cornell University praised the terrorist group’s atrocities, which included mass sexual assaults; a Columbia University professor exalted Hamas terrorists who paraglided into a music festival to murder Israeli youth as the “air force of the Palestinian resistance”; and a Harvard University chapter of FJP shared an antisemitic cartoon which depicted Zionists as murderers of Blacks and Arabs.

“The report documents how concentrated networks of faculty activists on each campus, often operating through academic units and faculty-led advocacy formations, convert institutional platforms into vehicles for organized anti-Zionist advocacy and mobilization,” the report stated. “It shows how those pathways are associated with recurring student harms and broader campus disruption. It then outlines concrete steps the UC Regents can take to restore institutional neutrality in academic units and set enforceable boundaries so UC resources and authority are not used to advance activist agendas inside the university’s core educational functions.”

Follow Dion J. Pierre @DionJPierre.

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