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2021-12-24 Home Front: Politix

Illinois divests pension funds from Unilever over Ben and Jerry’s settlement boycott

[IsraelTimes] Illinois authorities voted on Wednesday to divest state pension funds from Unilever, the parent company of Ben & Jerry’s, which announced earlier this year that it would cease selling its products in the West Bank.

Illinois joins a handful of other states that have made the same decision, thanks to legislation passed in a majority of states that penalizes companies that boycott Israel or its settlements in the West Bank. Arizona, Florida, New Jersey and New York were ahead of Illinois in the decision.

At least three other states have launched reviews required to ultimately divest their pension funds as well.

As of October, the list of those states investigating the thing were New York, New Jersey, Florida, Texas, Illinois, Maryland, and Rhode Island.

The Illinois Investment Policy Board vote to add Unilever to the state’s prohibited entity list was unanimous, with seven members voting in favor and none against. The total value of the state’s pension funds was not immediately clear.

In July, Ben & Jerry’s announced that it would no longer distribute its products in the "Occupied Paleostinian Territory," apparently referring to West Bank settlements and East Jerusalem. Ben & Jerry’s boycott policy will come into force when its agreement with the local manufacturing and distribution licensee expires at the end of 2022.

Posted by trailing wife 2021-12-24 00:00|| || Front Page|| [9 views ] Top
File under: Palestinian Authority

#1 How is it that Israel has such tremendous influence that it can pass laws favorable to itself in our state governments?

Posted by Sheter the Lesser9291 2021-12-24 02:17|| 2021-12-24 02:17|| Front Page Top

#2 ...common Judaeo-Christian heritage. The birth of a Jewish son to a Jewish couple over 2000 years ago in that land resonates across time.

Posted by Procopius2k 2021-12-24 07:15|| 2021-12-24 07:15|| Front Page Top

#3 Illinois has a lot of retirees that receive the state pensions. The vast majority of those folks are pro-Israel and anti-terrorist, unlike their leading politicians' current stance. The Policy Board is most likely made up of such folks, hence the decision. I'm sure some left-wingers in Springfield will seek to overturn this decision.

(Illinois' state pensions are so woefully underfunded that it's scandalous but that, children, is a story for another day)

Posted by Mullah Richard 2021-12-24 07:35|| 2021-12-24 07:35|| Front Page Top

#4 How is it that ~~Israel~~ has such tremendous influence that it can pass laws favorable to itself in our state governments?

Fill in the blank with your favorite influencer.

How is it...
You let it happen by voting to put unmonitored opportunists in the Hollowed Halls[sic] of Government.

Posted by Skidmark 2021-12-24 12:09|| 2021-12-24 12:09|| Front Page Top

#5 USS Liberty! Juice!

Posted by Frank G 2021-12-24 13:06|| 2021-12-24 13:06|| Front Page Top

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