City Retirement Fund Initiative Faces Court Challenge

The Washington Israel Business Council and the local chapter of are fighting a city initiative that would pull the city employee retirement fund out of investments in businesses that are involved in the U.S. occupation of Iraq, those that provide material support for the Israeli government, and, furthermore, would withdraw any investment in Israeli government bonds if the country attacks Iran.

The groups have a fundamental opposition to the way in which Initiative 97 has targeted Israel, but the bigger concern, says Regional Director Robert Jacobs, is the way in which anti-war vitriol trumps other considerations.

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