Desmond Tutu, Israel and US pensions
News24
27-Jul-2011

Washington - What's the connection between a South African Nobel Peace Prize winner, Israel, and one of America's biggest pension funds? An international campaign for economic, cultural and academic boycotts of Israel and Jewish settlements on the West Bank.

The South African in question is retired Archbishop Desmond Tutu, whose role in the fight against apartheid in the 1980s gained him the Peace Prize and world-wide fame. The pension fund is the Teachers Insurance and Annuity Association - College Retirement Equities Fund, better known as TIAA-CREF. The connecting link is the Boycott, Divestment and Sanctions campaign, BDS for short, launched by Palestinians in 2005.

In an op-ed article in the Charlotte Observer, timed to coincide with TIAA-CREF's annual shareholders meeting in Charlotte, North Carolina, on July 19, the archbishop rebuked the pension fund for having refused to allow a vote on a resolution questioning its holdings in companies that profit from operating in the West Bank and East Jerusalem.

Tutu drew parallels between BDS and the global wave of divestments, spurred by grassroots activists, which contributed to the collapse of apar... >>>

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