The Battle for Divestment from Israeli Securities in Somerville, Mass

Since summer 2003, the city of Somerville in the metropolitan Boston area has been the battleground for a municipal divestment initiative against Israel. Previous anti-Israel divestment campaigns had focused mainly on universities. The Somerville Divestment Project sought divestment of holdings in Israeli government bonds and stocks of companies engaged in military business with Israel. Its target was the Somerville Retirement Board, which manages the pensions of city employees. The mayor of Somerville threatened to veto the proposition if it passed. Sensing danger, the Jewish community quickly united against the campaign and in December 2004, the Somerville aldermen voted against it.

cross-posted on Campaign to Divest from “Palestine”

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